Here's the low-down on Davos. Read more at straitstimes.com.
DAVOS - The World Economic Forum returns to its snowy winter residency in the Swiss Alps this week with a record attendance of business and government leaders.The WEF’s roots stretch back to 1971 when its founder Klaus Schwab invited executives from European companies to the then tiny ski resort of Davos, high in the Swiss Alps.
Much of the action, however, occurs outside. Bilateral meetings between heads of state and corporate chieftains take up much of their schedules. With climate change top of the agenda, chiefs of major energy companies are back after a Covid-related hiatus. World Health Organisation chief Tedros Adhanom Ghebreyesus and central bankers such as India’s Raghuram Rajan are also on the list. Unclear is whether climate activist Greta Thunberg will return to the slopes.This year’s theme, “Cooperation in a Fragmented World”, is a nod to the tectonic shift in global markets and political relationships that has occurred since the pandemic.
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