Davos

Beneath the high sounding words during the discussions, willingness to co-operate on trade and investment issues was missing

Telangana has attracted investments worth Rs 21,000 cr across various sectors during the recently concluded annual World Economic Forum (WEF) meeting at Davos in Switzerland, an official release said

As the five-day-long annual meeting of world leaders here ended on Friday, they called for proceeding into the new year with a sense of realism and caution while avoiding any complacency. Amid looming threats of cost of living crises emanating from the Ukraine war and continuing pandemic-related risks, the leaders on Friday said there is a need for a resilient and determined approach towards a green and inclusive growth. "The anaemic economic growth, inflationary pressures and the war in Ukraine, all these factors tell us why we should proceed into the new year with a sense of realism and caution," IMF Chief Kristalina Georgieva said during the closing session of the World Economic Forum meeting on global economy. She also cautioned against Western climate subsidies and said these may hurt emerging and developing economies. "Western subsidies to combat climate change and encourage the transition to clean energy sources by using public money to step up private investment... may not

Asking the world to be pragmatic and collaborate, IMF chief Kristalina Georgieva on Friday said fragmentation can cost up to 7 per cent of the global GDP. "If we don't unite now, we'll face significant risk to the economy and people's wellbeing," she said during a session on global economy on the last day of the World Economic Forum Annual Meeting 2023. The International Monetary Fund Managing Director said if we look at medium-term growth prospects, how we handle the supply chain issues, that will decide our future prospects. She said her message to the world is to "be pragmatic and collaborate". Asked what will take the IMF to upgrade its global growth forecast, she said, "Last year, we downgraded the growth projections three times and not downgrading further itself is good news at the moment." Also, the labour market needs to be looked at seriously, as for anyone, having a cost of living crisis and a job is much better than having no cost of living crisis and no job, she ...

Thani Al-Zeyoudi, the UAE's minister of state for foreign trade said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies

"India remains a bright spot amid global geoeconomics and geopolitical crises," he added

Asia's richest man Gautam Adani, besides looking at opportunities to expand his vast empire, is hooked on ChatGPT - the programme that trawls vast amounts of information to generate natural-sounding text on virtually anything - from crafting jokes to writing ad copy, debugging computer code, to even generating poems and essays. Adani, whose conglomerate has in recent years diversified from mines, ports and power plants into airports, data centres and defence, penned musing from his visit to Davos to attend the World Economic Forum meeting. "From a meetings perspective, this was perhaps my busiest WEF as I met over a dozen heads of states and several business leaders," he wrote on LinkedIn, talking of new geopolitical couplings, climate change and tight-lipped evangelists and AI. Advancements in AI, or generative AI, was the buzzword at all the discussions at the WEF. "The recent release of ChatGPT (I must admit to some addiction since I started using it) is a transformational momen

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The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies

More than a decade after one debt-ceiling standoff led to a sovereign US rating downgrade, financial-market turmoil and a weakened economic recovery

The report says India is most likely to overtake Germany and Japan to become the third-largest economy after China and the US by 2030

WEF says billionaire Elon Musk wasn't on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland despite what Twitter owner claims

The artificial intelligence is garnering interest in Davos at the World Economic Forum's annual meeting this week

A non-binding memorandum of understanding (MoU) was signed in Davos on Tuesday with the state government

The mood at Davos is to roll up the sleeves and work on an actionable plan to revive growth and stability

"Restoring ecosystems, reversing loss of biodiversity, and reducing soil erosion are all essential for building a greener world," Gautam Adani said

Global leaders will come together for the biggest gathering in this snow-laden Swiss ski resort town on Monday, with thousands of people, including around a hundred participants from India, set to discuss 'cooperation in a fragmented world'. This year's World Economic Forum (WEF) summit will kickstart with the crystal awards ceremony. Last year, the annual meeting was hosted in May as it could not take place in the usual month of January due to the COVID pandemic-related restrictions. Before that, the 2021 meeting was held online. Though the pandemic is yet to be declared totally over, restrictions are far and few, and the war in Ukraine and the economic fallout of geopolitical as well as health crises have made the Davos meeting, often described as the biggest congregation of the global elite, very interesting. More than 50 heads of governments or states are expected over the next five days for the meeting beginning Monday, while four Union ministers -- Mansukh Mandaviya, Ashwini

The biggest congregation of global leaders will return Monday to the usual snow-laden setting of this Swiss ski resort town with thousands of participants including about a hundred from India set to discuss 'cooperation in a fragmented world'. The World Economic Forum had to host its last annual meeting in 2022 in May as the summit could not take place in the usual month of January due to the COVID pandemic-related restrictions. Before that, the 2021 meeting could take place online only. Though the pandemic is yet to be declared totally over, restrictions are far a few and the war in Ukraine and the economic fallout of geopolitical as well as health crises have made the Davos meeting, often described as the biggest congregation of the global elite, very interesting. Nearly 50 heads of government or state are expected over the next five days for the meeting beginning Monday, while four union ministers -- Mansukh Mandaviya, Ashwini Vaishnaw, Smriti Irani and R K Singh, as also ...

The World Economic Forum (WEF) on Tuesday said its annual Davos meeting will call on leaders from across the globe to address immediate economic, energy and food crises while laying the groundwork for a more sustainable and resilient world. Announcing the schedule for the five-day meeting in the Swiss ski resort town of Davos from January 16-20, the WEF said it is expecting significant participation from Asia, including China and Japan. From India, at least four union ministers -- Mansukh Mandaviya, Ashwini Vaishnaw, Smriti Irani and R K Singh -- as also three chief ministers -- Yogi Adityanath, Eknath Shinde and B S Bommai -- are expected to be present, in addition to nearly 100 leaders from business and other areas. The theme of the 53rd Annual Meeting would be 'Cooperation in a Fragmented World' and it will convene more than 2,700 leaders from 130 countries, including 52 heads of state/government. Top political leaders taking part include German Chancellor Olaf Scholz, European