WEF 2015 News

Reflecting an acute shortage of skilled labour force and difficult business conditions, India has slipped 11 places to rank 89th on a global index of talent competitiveness, a list which has been topped by Switzerland.  

India emerged as one of the bright spots in an otherwise sluggish global economic outlook, while the country's political and business leadership put up a strong show after a gap of two years.

More than 21 WTO members, including China and the US, have expressed their readiness to engage constructively for a clearly defined work programme by July to address remaining Doha issues.

Japan will host World Economic Forum's special meeting scheduled to be held in October 2016.

Terming 2015 as a make or break year, IMF chief Christine Lagarde Saturday said the global economy faces the risk of getting stuck in a 'new mediocre' or a prolonged period of slow growth and feeble job creation.

Looking to attract foreign investors to Maharashtra, Chief Minister Devendra Fadnavis has promised them easier business environment and faster clearances as he works towards making his state the most preferred destination within India for investors.

As the WEF summit draws to a close Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.

The lives of people in poor countries is expected to improve faster in the next 15 years as innovation and technology drives optimism for a sustainable future, says leading philanthropist Bill Gates.

Business leaders pushing for frictionless free trade have something new to worry about: the potential break-up of the Internet, which today forms the backbone of the global economy.

With Indian government making efforts to attract investments and improve ease of doing business, the mood is "extraordinarily upbeat" about India among global CEOs and top leaders at the World Economic Forum, says Tech Mahindra chief C P Gurnani.

Calling on the world to join hands to defeat terror groups, US Secretary of State John Kerry Friday said this fight would ultimately be decided in classrooms and not in battlefields, as he recalled Mumbai while listing out places where terror strikes have taken place since 9/11.

With oil prices touching "rock bottom", there is an opportunity for countries to cut energy subsidies worth USD 2 trillion, International Monetary Fund's chief Christine Lagarde said Friday.

Campaigners at the WEF in Davos have created a field of 193 "protesting snowmen", each representing a nation, to demand action on poverty, inequality and climate change.

A staggering USD 18 trillion worth unaccounted money is stashed in tax havens and ploughing back that amount into the global economy can help lift people from poverty, says Oxfam.

Looking to provide a platform to millions of small businesses globally, Alibaba's founder Jack Ma wants his e-commerce company to surpass brick-and-mortar retail giant Walmart in sales in next 10 years.

The World Economic Forum (WEF) Friday gained a 'formal status' in Switzerland, confirming the role of non-profit organisation as an international institution for public-private cooperation.

Emphasising that policies need to be "people centric", top officials of global agencies Friday said that robust growth should have a large impact on the poor and help in eradicating poverty.

Jack Ma, executive chairman of Chinese e-commerce giant Alibaba Group Holding, isn`t worried about slowing Chinese economic growth, he told a meeting of business and political leaders in Davos, Switzerland.

The real estate investment trusts will be a "booster rocket" for investments coming into the country and realty players are awaiting more clarity on the proposed new instrument, according to JLL India's Chairman and Country Head Anuj Hari.

Addressing a gathering at the World Economic Forum (WEF) here, he asserted that China would continue to move on the path of reforms and encouraging innovation.