Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
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 UN climate talks have been extended by a day in an effort to break the deadlock over key issues, including mitigation work programme, loss and damage and climate finance. Union Environment Minister Bhupender Yadav said COP27 was supposed to wrap up on Friday but has been "extended by a day to attempt to take the ongoing negotiations to a logical end". Providing an update on the negotiations in a blog post, he said a lot of issues, including the mitigation work program, the global goal on adaptation, loss and damage, and climate finance are being negotiated as they remain contentious. "COP is a party-driven process and hence consensus on key issues is vital to the process. The extension is an attempt towards achieving just that," he said. In an effort to break the deadlock, the European Union's chief negotiator Frans Timmermans proposed a plan that tied loss and damage with emission cuts. The success of the talks hinges on a fund to address loss and damage, a term used for ...
World leaders, including Russian President Vladimir Putin and Israeli Prime Minister Yair Lapid, on Monday extended their condolences to the families of the people who lost their lives in a tragic bridge collapse in Gujarat's Morbi city. At least 134 people have died so far after the suspension bridge collapsed into the Machchhu river in Morbi on Sunday evening. The more than a century-old bridge, which had reopened five days back after extensive repairs and renovation, was crammed with people when it collapsed. In a message to President Droupadi Murmu and Prime Minister Narendra Modi which was published on the Kremlin website, Putin said, Dear Ms President, dear Mr Prime Minister, please accept my heartfelt condolences over the tragic bridge collapse in the state of Gujarat. Putin also conveyed his words of sympathy and support to the families and friends of the victims, and wished all those injured a speedy recovery, state-run TASS news agency reported. In his condolence message,
World leaders preparing to attend one of the UK's most significant and historic events in recent times have reportedly been informed of the strict protocol that will be in place for Queen Elizabeth II's funeral ceremony at Westminster Abbey in London next Monday, September 19. According to Foreign, Commonwealth and Development Office (FCDO) documents obtained by Politico', all international heads of state and their spouses planning to arrive in London for the State Funeral have been asked to arrive on commercial flights rather than private jets and have also been asked not to use helicopters to get around. They have reportedly been told they cannot use their own state cars to arrive at the service at Westminster Abbey scheduled for 11am local time and would instead be taken by bus from a site in west London. Westminster Abbey will be so packed for the event that it will be impossible for more than a single, senior representative per country and their spouse to attend, the FCDO notes