From the Ukraine conflict to warnings of climate cataclysm and soaring inflation, the world's political and business elites tackled some gloomy matters in their first Davos summit in more than two years. Instead of the usual snowy winter wonderland of past gatherings, grey skies and rain added to the gloomy mood during the four-day forum that wrapped up May 26. Here is a roundup of the main issues tackled by the WEF:
MCAtDavos Day 3 top newsmakers: This edition of the World Economic Forum holds special relevance, for it is after two years that the gathering has convened at Davos, in person. Coming to you at a time global politics is extremely polarised and a business order that is under duress, we will be telling you what are the issues the global leadership is talking about. Every evening, block your calendar, as we come to you with the day's top news from Davos, and the newsmakers.
"In the last couple of quarters, we have seen growth come back, at least consumer growth. This has happened not only in commodities but in quite a few sectors including chemicals, real estate, housing, and logistics," Bajaj said.
Explaining why India’s wheat harvest may be down this year, Union Commerce Minister Piyush Goyal said: “Sadly, due to the severe heatwave that swept most parts of north India, wheat had to be harvested early this year and we lost out on production."
#MCAtDavos Day-2: Special broadcast on Moneycontrol with all the day's big stories and headlines. This edition of the world economic forum holds special relevance, for it is after two years that the gathering has convened at Davos, in person. Coming to you at a time of extremely polarised global politics and a business order that is under duress, we will be telling you what are issues the global leadership is talking about. Every evening, block your calendar, as we come to you with the day's top news from Davos, and the newsmakers.
With its contributions to global economic growth and by ensuring that the world meets its climate and sustainability goals, India continues to emerge as an important global player. What actions can the country take to leverage today's inflection point and launch the reforms needed to be an influential member of the global community? CNBC-TV18's Shereen Bhan in conversation with Piyush Goyal, Minister of Commerce & Industry, Hardeep Singh Puri. Minister of Petroleum & Natural Gas, and Sanjiv Bajaj, Chairman & MD, Bajaj Finserv Ltd at the World Economic Forum in Davos.
Karnataka government on Monday signed a memorandum of understanding (MoU) with Lulu International Group for an investment of Rs 2,000 crore in the presence of Chief Minister Basavaraj Bommai at the World Economic Forum (WEF) meet being held in Davos, Switzerland.
Serum Institute of India (SII) CEO Adar Poonawalla on Monday said he is appealing to multilateral organisations and world leaders to come up with a draft about learnings from the COVID-19 pandemic to strengthen health systems globally.
Credit Suisse Chairman Axel Lehmann reiterated on Monday his support for Chief Executive Thomas Gottstein amid investor unrest over whether he is the right man for the job at Switzerland's second-biggest bank.
The surge in food inflation has come as a lethal shock following the rise in crude oil prices, Gopinath said.
The world should be united and set a precedent to deter larger countries from launching a "brutal invasion" against their smaller neighbours, Zelensky said in a virtual address to WEF
The Indian story at Davos this time also has a key component of various states making their strong respective pitches for investments and global collaborations.
With their lofty ambition to help improve the state of the world, forum organizers have their work cut out for them: there are soaring food and fuel prices, Russia's war in Ukraine, climate change, drought and food shortages in Africa, yawning inequality between rich and poor, and autocratic regimes gaining ground in some places on top of signs that the pandemic is far from over.
The partnership will bring together Maharashtra's leading policy-makers, business leaders, civil society organizations and experts to formulate a state-level plan to eradicate plastic pollution.
WEF Davos 2022 Highlights: Oil Minister Hardeep Singh Puri said that Oil prices at $110 per barrel not sustainable globally.
Countries have ended years of hostility and negotiated peace, and changed their economic trajectory after a few handshakes and parties at this forum
More than just a very famous name, this quaint Swiss village is a brand
This first meeting of WEF in two years, comes in the background of the Ukraine-Russia war, aftershocks of COVID-19, the S&P 500 poised to slip into bear territory, and soaring commodity prices.
In line with the government of India’s priorities, sessions are being organised at the India lounge keeping in mind India’s strategic advantage