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<keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s rank on the <keyword id="20020435" type="General" weightage="20" keywordseo="World-Economic-Forum" source="keywords">World Economic Forum</keyword>'s <keyword id="21747126" type="General" weightage="20" keywordseo="Travel-Tourism-Development-Index-2024" source="Orion">Travel &amp; Tourism Development Index 2024</keyword> has risen to 39th place, with global tourism activities returning to pre-pandemic levels, the annual report showed on Tuesday. While the US topped the list, India is ranked highest in South Asia and among the lower-middle-income economies, the <keyword id="102110" type="General" weightage="20" keywordseo="WEF" source="Orion">WEF</keyword> said. India was ranked 54th in the previously published index in 2021, though changes made to the index parameters limit its comparability to earlier years. After the US, Spain, Japan, France and Australia figure among the top five in the 2024 list. The index, prepared in collaboration with the University of Surrey, showed India is highly price-competitive (18th) and boasts competitive Air Transport (26th) and Ground and Port (25th) infrastructure. In particular, India's strong Natural (6th), Cultural (9th) and Non-Leisure (9th) Resources help drive travel, and the country is only one of three to score in the top 10 for all the resource pillars, the WEF said. Moreover, despite a decline compared to 2019, the country still scores well for <keyword id="2173225" type="General" weightage="20" keywordseo="travel-and-tourism" source="Orion">travel and tourism</keyword> demand sustainability, especially thanks to more sustainable long stays among inbound visitors. It further said that as with many economies, travel and tourism enabling conditions in India have been impacted by global inflationary supply-side trends for the sector, with price competitiveness declining, while air transport and tourist services infrastructure are yet to recover to the 2019 level. As a result, the country's overall TTDI (Travel and Tourism Development Index) score is 2.1 per cent below its 2019 level. High-income economies in Europe and Asia-Pacific continued to lead the index. "International tourist arrivals and the travel and tourism sector's contribution to global GDP are expected to return to pre-pandemic levels this year, driven by the lifting of COVID-19-related travel restrictions and strong pent-up demand," the WEF said. The Middle East had the highest recovery rates in international tourist arrivals (20 per cent above the 2019 level), while Europe, Africa and the Americas all showed a strong recovery of around 90 per cent in 2023. The biennial index analysed the travel and tourism sectors of 119 countries around a range of factors and policies. Germany was ranked 6th, followed by the UK, China, Italy and Switzerland in the top ten. The results highlighted that high-income economies generally continue to have more favourable conditions for travel and tourism development. This was helped by conducive business environments, dynamic labour markets, open travel policies, strong transport and tourism infrastructure, and well-developed natural, cultural and non-leisure attractions.

India rises to rank 39th on WEF's Travel & Tourism Development Index 2024, becomes highest ranked South Asian nation

New York [US], May 21 (ANI): International tourist arrivals and the <keyword id="2173225" type="General" weightage="100" keywordseo="travel-and-tourism" source="Orion">travel and tourism</keyword> sector's contribution to <keyword id="572312" type="General" weightage="20" keywordseo="global-GDP" source="Orion">global GDP</keyword> are expected to return to pre-pandemic levels this year, driven by the complete lifting of COVID-19-related <keyword id="19916662" type="General" weightage="20" keywordseo="travel" source="keywords">travel</keyword> restrictions and strong pent-up demand, as per the new <keyword id="20020435" type="General" weightage="20" keywordseo="World-Economic-Forum" source="keywords" meta.keywordsubtype="org" meta.entityname="World Economic Forum" meta.hostid="261" meta.entityid="World Economic Forum">World Economic Forum</keyword> travel and <keyword id="19997361" type="General" weightage="20" keywordseo="tourism" source="keywords">tourism</keyword> study, released on Tuesday. Topping the 2024 list of economies are the US, Spain, Japan, France and Australia. The Middle East had the highest recovery rates in international tourist arrivals - 20 per cent above the 2019 level, while Europe, Africa and the US all showed a strong recovery of around 90 per cent in 2023. <keyword id="21745194" type="General" weightage="20" keywordseo="Travel-and-Tourism-Development-Index-2024" source="Orion">Travel and Tourism Development Index 2024</keyword> (TTDI), a biennial report published in collaboration with the University of Surrey, analysed the travel and tourism sectors of 119 countries around a range of factors and policies. "This year marks a turning point for the travel and tourism sector, which we know has the capacity to unlock growth and serve communities through economic and social transformation," said Francisco Betti, Head of the Global Industries team at the World Economic Forum. "The report offers a forward-looking window into the current and future state of travel and tourism for leaders to navigate the latest trends in this complex sector and sustainably unlock its potential for communities and countries across the world." The <keyword id="840423" type="General" weightage="20" keywordseo="global-tourism" source="Orion">global tourism</keyword> industry is expected to recover from the lows of the COVID-19 pandemic and surpass the levels seen before the crisis. As per the report, this is largely being driven by a significant increase in demand worldwide, which has coincided with more available flights, better international openness, and increased interest and investment in natural and cultural attractions. However, the report painted that the global recovery has been mixed. While 71 of the 119 ranked economies increased their index scores since 2019. Although the sector has moved past the shock of the global health crisis, it continues to deal with other external challenges, from growing macroeconomic, geopolitical and environmental risks, to increased scrutiny of its sustainability practices. In addition, labour shortages are ongoing, and air route capacity, capital investment, productivity and other sector supply factors have not kept up with the increase in demand. This imbalance, worsened by global inflation, has increased prices and service issues. Out of the top 30 index scorers in 2024, 26 are high-income economies, 19 are based in Europe, seven are in Asia-Pacific, three are in the Americas and one (the United Arab Emirates) is in the Middle East and North Africa region (MENA). The top 10 countries in the 2024 edition are the United States, Spain, Japan, France, Australia, Germany, the United Kingdom, China, Italy and Switzerland. The results highlight that high-income economies generally continue to have more favourable conditions for travel and tourism development. This is helped by conducive business environments, dynamic labour markets, open travel policies, strong transport and tourism infrastructure, and well-developed natural, cultural and non-leisure attractions. "It's essential to bridge the divide between differing economies' ability to build a strong environment for their travel and tourism sector to thrive," said Iis Tussyadiah, Professor and Head of the School of Hospitality and Tourism Management at the University of Surrey. "The sector has big potential to foster prosperity and mitigate global risks, but that potential can only be fully realized through a strategic and inclusive approach." If managed strategically, the travel and tourism sector - which has historically represented 10 per cent of global GDP and employment - has the potential to emerge as a key contributor to growth, it said. (ANI)

Worldwide tourism and its contribution to global GDP to return to pre-COVID levels this year: WEF study

<ul class="summary-list"><li>Two World Economic Forum managers used the N-word in recent years, employees told The Wall Street Journal.</li><li>The nonprofit's founder said he will step aside as executive chairman as part of a planned transition.</li></ul>Two managers at the <a target="_blank" href="https://www.businessinsider.com/wealthy-davos-attendees-annoyed-waiting-long-lines-report-2024-1">World Economic Forum</a> used a racist word in front of employees in recent years, <a target="_blank" href="https://www.wsj.com/business/world-economic-forum-klaus-schwab-discrimination-harassment-de285594?st=crxtclunuwu6xtj&amp;reflink=desktopwebshare_permalink">The Wall Street Journal </a>reported on Saturday.According to the Journal, which interviewed more than 80 current and former employees, employees faced gender discrimination and racism, among other issues, at the Switzerland-based nonprofit.Best known for its annual conference in <a target="_blank" href="https://www.businessinsider.com/everyone-talking-about-ai-plenty-clearly-dont-understand-davos-wef-2024-1">Davos, Switzerland,</a> the nonprofit brings together top voices in government, business, and research. The Forum also publishes regular <a target="_blank" href="https://www.weforum.org/agenda/equity-diversity-and-inclusion/">reports</a> on economic growth, climate action, and inclusive workplaces. Staffed by about a thousand employees, the Forum brought in more than $400 million in 2022-2023, per its annual report.Six Black employees told the Journal they were denied promotions or were otherwise sidelined at work. The Journal also reported two instances in which white managers used the N-word in front of Black employees.A spokesperson for the Forum referred Business Insider to a statement <a target="_blank" href="https://www.weforum.org/forum-statements/statement-june-2024/">denying the accusations</a> in the Journal's article."The high standards we set for ourselves are supported by a framework that includes clear principles, a zero-tolerance policy towards any form of harassment and discrimination, mandatory training for all staff, confidential reporting channels, and a thorough investigation process," the statement read. "It is deeply disappointing that The Wall Street Journal is knowingly publishing demonstrably false assertions to mischaracterize our organization."In the statement, the group did not specify what in the article was inaccurate.<h2 id="bdf3ddb5-82fb-4545-95ef-7cf33d1ec2f5">A leading voice on DEI</h2>In one 2018 incident, then-operations chief Jean-Loup Denereaz belittled a Black woman on his team in front of the office, saying, "What can you expect from a N–," the Journal reported, citing people familiar with the incident.Employees also said Denereaz made other distasteful remarks, including inappropriate comments after a sexual harassment complaint was brought to him, the Journal reported.The Forum told the Journal that Denereaz was fired in 2018, days after the N-word incident. He did not respond to BI's request for comment or comment to the Journal.In a separate incident, a white South African manager, Margi Van Gogh, used the N-word in front of a Black woman while talking about the Danish and South African words for chocolate-covered marshmallows in 2022, the Journal reported, based on documents and interviews.The Black woman, who reported to Van Gogh, raised her concerns with the N-word in an email to her. In a subsequent discussion, Van Gogh "cried about her ancestral guilt" and suggested the Black employee initiate a DEI training, per the Journal. Human resources at the Forum denied her resources for the training, and there was no follow-up from Van Gogh, people familiar with the matter told the Journal.Van Gogh did not respond to a request for comment from BI or comment to the Journal. The Forum told the Journal the matter was resolved.The Forum also told the Journal that it was aware of three allegations of racial discrimination since 2020 and that each was investigated.These incidents at the Forum are especially striking because the nonprofit has tried to position itself as a leading voice on <a target="_blank" href="https://www.businessinsider.com/most-gender-equal-countries-to-live-in-woman-wef-report-2023-10">gender equality</a> and <a target="_blank" href="https://www.businessinsider.com/gender-gap-world-another-131-years-to-close-2023-6">creating equitable workplaces.</a> In 2022, the group founded the DEI Lighthouse Program to identify workplace DEI initiatives and publish regular <a target="_blank" href="https://www3.weforum.org/docs/WEF_Diversity_Equity_and_Inclusion_Lighthouses_2024.pdf">reports</a> about DEI efforts.In a late May memo to staff, Forum founder Klaus Schwab said he planned to step aside as executive chairman as part of a planned transition. The announcement came after Schwab wrote to the Journal, concerned over the paper's reporting. His family remains heavily involved with the Forum and with a sister organization.

2 managers at the World Economic Forum, which hosts the glitzy Davos conference, said the N-word in front of staff: report 

Whenever <keyword id="2069863" type="General" weightage="100" keywordseo="Bhumi-Pednekar" source="Orion">Bhumi Pednekar</keyword> is mentioned, the image of strong female characters inevitably springs to mind. She has made her mark in films like 'Dum Laga Ke Haisha', 'Toilet: Ek Prem Katha' and 'Bhakshak', earning acclaim for her portrayals tackling social issues. It turns out her dedication to impactful roles extends beyond the silver screen — a commitment that has now earned her recognition as a <keyword id="120368" type="General" weightage="20" keywordseo="Young-Global-Leader" source="Orion">Young Global Leader</keyword> (YGL) by the <keyword id="69007" type="General" weightage="20" keywordseo="World-Economic-Forum" source="Orion">World Economic Forum</keyword> (WEF)! The Young Global Leaders community celebrates individuals under 40 who are actively addressing pressing global challenges. The program aims to empower these exceptional leaders shaping a more sustainable and inclusive future. The Bollywood star will join the prestigious YGL's class of 2024 in Geneva later this year, acknowledged for her efforts in promoting awareness of <keyword id="49089" type="General" weightage="20" keywordseo="sustainability" source="Orion">sustainability</keyword>, and climate change, and her significant contributions during the COVID-19 pandemic. As an ardent advocate for environmental conservation and sustainable living, Bhumi has effectively utilised her fame to champion causes like waste segregation, rainwater harvesting, recycling, and conscious fashion choices. Her role as a climate warrior has also seen her collaborating with activists nationwide, amplifying their voices and supporting initiatives focused on environmental preservation and <keyword id="299722" type="General" weightage="20" keywordseo="climate-action" source="Orion">climate action</keyword>. Expressing gratitude for being named a Young Global Leader, Bhumi shared: “I am deeply honoured and humbled to be recognised by the World Economic Forum as a Young Global Leader. Through my work, I have strived to ignite conversations, inspire action, and foster tangible change in the realm of sustainability and climate change. “I aspire to cultivate a diverse portfolio as both an actor and entrepreneur, and I look forward to realising these ambitions through the World Economic Forum's YGL program. This validation also reaffirms my belief in the power of collective action. I am committed to continuing my efforts and I look forward to collaborating with fellow Young Global Leaders to drive positive change.” In addition to Bhumi, the WEF has also acknowledged four other Indians for their significant contributions in their respective fields and their commitment to effecting positive change. These individuals, including <keyword id="2422251" type="General" weightage="20" keywordseo="Adwaita-Nayar" source="Orion">Adwaita Nayar</keyword> (CEO of Nykaa), <keyword id="4976567" type="General" weightage="20" keywordseo="Arjun-Bhartia" source="Orion">Arjun Bhartia</keyword> (Director at Jubilant Group), <keyword id="8656479" type="General" weightage="20" keywordseo="Priya-Agarwal-Hebbar" source="Orion">Priya Agarwal Hebbar</keyword> (Non-Executive Director at Vedanta Limited) and <keyword id="1011865" type="General" weightage="20" keywordseo="Sharad-Vivek-Sagar" source="Orion">Sharad Vivek Sagar</keyword> (Founder and CEO of Dexterity Global), join nearly 90 changemakers from various sectors in this year's YGL cohort. Together, they are dedicated to leaving a lasting impact on their communities and beyond.

Young Global Leader: World Economic Forum recognises Bhumi Pednekar for her role in promoting sustainability

No one's going to sound an alarm, blast out a text message, or shoot you an email about it, but the US economy is undergoing a historic shift. We are leaving one long period of expansion — what economists refer to as a "supercycle" — and entering a very different one.Over the past 15 years, the economy has been characterized by weak demand and low interest rates — a decade-and-a-half hangover from the Great Recession. Now, experts tell me, that is coming to an end. The world has changed, and we are entering an era of higher growth, creeping inflation, and geopolitical instability that will reroute the flow of money around the world. A new era has arrived, but it's going to be bumpy.The good news is that this new era looks as if it will be unencumbered by some of the problems that put a ceiling on growth during the previous era. The most salient feature of the old period, economists say, was the risk of deflation — the possibility that a lack of demand would cause wages and prices to spiral downward, a trap that is <a target="_blank" href="https://www.businessinsider.com/inflation-economy-deflation-unemployment-job-market-recession-outlook-paul-krugman-2024-7">extremely difficult to escape</a>. In an effort to avoid that fate, policymakers in Washington pushed interest rates down to zero and encouraged <a target="_blank" href="https://www.businessinsider.com/softbank-crashing-investments-uber-wework-monopoly-failure-2019-11">all kinds</a> of <a target="_blank" href="https://www.businessinsider.com/charlatans-show-up-when-wall-street-stock-market-gets-weird-2021-3">risky</a> <a target="_blank" href="https://www.businessinsider.com/twilight-of-tech-gods-recession-stock-market-crash-silicon-valley-2022-5">behavior</a> <a target="_blank" href="https://www.businessinsider.com/bill-ackmans-big-pharma-trade-is-making-wall-street-a-super-awkward-place-2014-10">among</a> investors, businesses, and everyday consumers. Investors trying to reach their benchmarks "had to creep out on the risk spectrum," Josh Hirt, a senior economist at Vanguard, tells me. "Supercheap debt," he says, made it easy for businesses to "overexpand and overhire."The pro-risk environment had some earth-shifting consequences. Silicon Valley put the internet on our phones, China blew a massive bubble in its property market, and the world started investing in renewable energy. But low interest rates did little to boost demand, and the economy consistently grew slower than it did before the crash, never notching above 3% GDP growth. It was only after the massive government stimulus, spurred by the pandemic, that the economy reached escape velocity, pushing up wages and starting to grow at a healthy clip.Now, economists say, we're entering a supercycle that will be characterized by three sweeping forces. First, higher interest rates will reward savers, making it more expensive to take risks. Second, geopolitical and economic volatility will generate inflationary effects, reintroducing the specter of soaring prices. And third, industrial planning will be increasingly influenced by national-security concerns, altering supply chains across industries. How low interest rates wind up settling will establish a new gravitational pull in global markets, recalibrating the forces that determine where the economy is most likely to grow — and where investment is most likely to flow.The new supercycle "puts the economy in a completely new era," says Silas Myers, the CEO of Mar Vista Investments, which oversees $4 billion in assets. He warns that an entire generation of investors, lenders, and entrepreneurs have failed to embrace the "profound impact" that the new economic era will have on their businesses."We were in a time that was less demanding and more forgiving," Myers says. "But that time is ending."One of the clearest signs that a new economic supercycle has arrived is when the financial rules go topsy-turvy. The previous supercycle was ushered in when the Federal Reserve, in response to the destruction caused by the financial crisis, cut its benchmark interest rate to 0% — the first time the central bank went all the way to the bottom.The structural shift sent shockwaves throughout the world. Yields on Treasury bonds tanked, meaning investors had to start taking some serious risks if they wanted to make money. This new adventurism pushed stocks higher and higher. Capital went flying into China and other emerging markets in record amounts — some $1 trillion in 2010 alone. Venture capitalists sank billions into companies like Juicero and <a target="_blank" href="https://www.businessinsider.com/wework-adam-neumann-apartment-startup-investment-silicon-valley-vc-apocalypse-2022-8">WeWork</a> that had no viable plan to turn a profit. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Until the pandemic hit, inflation and wage growth both remained below 3.9%. The world had changed. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. But that's no longer true. From 2022 to 2024, as the benchmark federal funds rate shot up to 5.5% from 0.5%, the Nasdaq 100 and the S&amp;P 500 soared by 23% and 22%. Higher interest rates also failed to spur widespread layoffs or crater the economy. <a target="_blank" href="https://www.businessinsider.com/jobs-report-labor-market-hiring-layoffs-quits-recession-sahm-rule-2024-8">Unemployment has stayed below 4.3%</a>, and GDP growth has remained solid, <a target="_blank" href="https://www.businessinsider.com/gdp-gross-domestic-product-second-quarter-2024-us-economy-2024-7">defying fears of a recession</a>. In short, something has scrambled the natural interactions of the marketplace. It's as if you put your hand over a hot stove and your fingers turned ice cold.One explanation for the economy's topsy-turvy behavior is a change in what economists call the neutral interest rate — the optimal point for encouraging growth without triggering inflation. After the financial crisis in 2008, the economy was so weak that the neutral rate went to zero to encourage money to flow more freely. But now the market's weird nature may be signaling that the neutral rate has risen above the Fed's ideal target of 2%. That would explain why the Fed's higher rates are no longer putting the brakes on growth. Fueled by the post-pandemic government stimulus, the economy's baseline has shifted. Over at Vanguard, Hirt and his colleagues predict that the neutral rate will stay higher for the foreseeable future, eventually settling at about 3.5%."Even if we do dip below 3.5%, the Fed will be anchored at that higher rate," Hirt says. "If the economy were to experience weakness and we have to cut rates, we still don't think that means taking rates back to zero."Unless you're a boomer, you've probably never experienced a world with this high a neutral rate. It changes the nature of risk, which changes what people decide to do with money on micro and macro levels. If you can get a decent return parking your money in ultrasafe government debt, why risk investing it in a startup or stomach the stock market's volatility? This isn't to say no one will be out here taking risks with their cash — it will just flow in different directions. That's because consumers are in a better place now than they were in the era that emerged after the Great Recession.The economy is "an extraordinarily diverse and dynamic animal," Joe Quinlan, the chief market strategist at Bank of America, assured clients in a recent note. It's "a $28 trillion hydra-headed behemoth that beats to the tune of many different sectors." As the Fed's higher rates were putting a strain on rate-sensitive sectors like housing — which makes up 16% of the economy — Big Tech and travel-starved households were spending money fast and loose. The experience showed that overall consumption can continue to rise even when significant swaths of the economy are struggling.So what can we expect from the new economic supercycle? Like every cycle, it will have its upsides and downsides. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt. But they'll also boost savings accounts and interest income. In addition, a faster-growing economy will tighten the labor market, empowering workers to continue to fight for a larger slice of the pie. Since 2019, the bottom 10% of earners have seen a wage increase of 13%.Shifting away from the "grow at all costs" mindset of the previous supercycle has also incentivized governments — especially in the developed world — to do more to police markets and protect consumers. Whether it's capping the price of drugs or enforcing antitrust rules more aggressively, polls suggest Americans want to see <a target="_blank" href="https://prospect.org/economy/2024-08-27-polling-voters-action-corporate-power/">more limits</a> on <a target="_blank" href="https://today.yougov.com/economy/articles/47798-most-americans-oppose-monopolies-and-support-antitrust-laws">corporate power</a> and <a target="_blank" href="https://www.pewresearch.org/short-reads/2021/07/20/56-of-americans-support-more-regulation-of-major-technology-companies/">more regulation</a> to safeguard citizens. For the first time in years, the Federal Trade Commission has begun going after pharmaceutical middlemen, opposing mergers between grocery giants, and taking big swings at Big Tech.The new supercycle will also have profound consequences worldwide, upending how and where money is most likely to flow. In China, the debt bubble that formed in the property sector during the previous cycle is sucking cash away from <a target="_blank" href="https://www.businessinsider.com/china-xi-jinping-stimulus-plan-wall-street-stock-market-economy-2024-9">businesses and households</a>, undermining China's bid to become the world's leading economic superpower. And with Europe growing more slowly than the US, foreign investors are steering more of their money to America. In the second quarter of this year, foreign investors owned $8.2 trillion worth of US Treasury bonds, up by 7.3% from a year earlier. Foreign investment is also soaring in US corporate bonds (up by 9.8%) and US equities (up by 23%). Quinlan says he expects the US economy to continue outperforming the rest of the world, given the fiscal and demographic challenges facing the European Union, Japan, and China. In an era of increasing instability, when former sources of growth are flailing, the United States is widely viewed as the safest place to find returns."Not lost on investors is the fact that the US economy remains among the most competitive, innovative, and resilient in the world," Quinlan wrote in a recent note to investors. "Aerospace or agriculture, energy or entertainment, transportation or technology, goods or services — pick any sector or activity, and there's a good chance the US leads the rest of the world. All of this has helped fuel demand among foreign investors for US securities of all stripes." America's economic diversification is also expected to give it a leg up in one of the most volatile features of the new era: trade conflict. The US and China are already battling for control over critical industries like <a target="_blank" href="https://www.businessinsider.com/china-xi-jiinping-future-tech-global-economy-semiconductors-military-failing-2022-9">semiconductors</a>, <a target="_blank" href="https://www.businessinsider.com/china-crushing-us-america-battle-energy-evs-batteries-tech-war-2023-5">batteries</a>, and <a target="_blank" href="https://www.businessinsider.com/china-xi-jinping-crush-tesla-elon-musk-american-ev-industry-2024-2">electric cars</a> — and the tit for tat will be especially costly for less diversified economies. Germany's dependence on manufacturing, for example, places its most essential industries on a collision course with China's ambitions. And while the United States is well positioned to weather the storm, that doesn't mean it won't be rough. The world has never faced a challenge like the skyrocketing flow of exports from China up and down the value chain. It's a dynamic that threatens to imbalance international trade by flooding the market with cheap goods of all kinds. <a target="_blank" href="https://www.businessinsider.com/china-shock-explainer-us-economy-trade-dumping-supply-glut-yellen-2024-4">China Shock 2.0</a> "will not go down easily," Quinlan tells me.For over a decade we have become accustomed to the economy working a certain way — if this, then that. As a new supercycle emerges, investors, businesses, and governments that structured themselves around the old model may experience acute shocks. To succeed in this unfamiliar new world, they'll have to adjust their expectations and find ways to harness the supercycle's opportunities. It's the economic equivalent of natural selection: As the economy evolves, those who adapt will be most likely to survive. The days of economic growth are back. The future belongs to those who can grow with it.<a target="_blank" rel="" href="https://www.businessinsider.com/author/linette-lopez">Linette Lopez</a> is a senior correspondent at Business Insider.

America is entering a new 'economic supercycle'

<ul><li>India, Indonesia, Mexico, UK and US are set to go for elections in the next two years.</li><li>Widespread misinformation fuelled by elections could threaten democratic processes, says a report by WEF.</li><li>Societal polarisation is among the top three risks over both the current and two-year time horizons.</li><li>AI fuelled <keyword id="2479020" type="General" weightage="20" keywordseo="fake-news" source="Orion">fake news</keyword>, the emotive effect they have and fast progress versus controls are also worrying stakeholders across the world. </li></ul>It’s a year of many elections across the world. This, on top of two ongoing wars, could make it the year of misinformation and disinformation, says a report by the <keyword id="69007" type="General" weightage="20" keywordseo="world-economic-forum" source="Orion">World Economic Forum</keyword> (WEF) in its <keyword id="602682" type="General" weightage="20" keywordseo="global-risks" source="Orion">global risks</keyword> report 2024. Close to three billion people are expected to head to the electoral polls across several economies – including Bangladesh, India, Indonesia, Mexico, Pakistan, the United Kingdom and the United States – over the next two years. “The widespread use of misinformation and disinformation, and tools to disseminate it, may undermine the legitimacy of newly elected governments. Resulting unrest could range from violent protests and hate crimes to civil confrontation and terrorism,” WEF said. State-backed campaigns too can add fuel to fire in the form of sanctions, cyber offenses, detentions and more. These detentions could also be targeted based on nationality, ethnicity and religion, the report says. In an increasingly polarized world Societal polarization is the third-most severe risk over the short term, and a consistent concern across stakeholder groupings. Societal polarization features among the top three risks over both the current and two-year time horizons. Social polarisation is interconnected to economic downturn, and is an influential set of risk factors. It can serve as drivers for many consequences of numerous risks. “Divisive factors such as political polarization and economic hardship are diminishing trust and a sense of shared values. The erosion of social cohesion is leaving ample room for new and evolving risks to propagate in turn,” it added. And a clear victim of these polarizing effects and perceived reality is the truth. “As polarization grows and technological risks remain unchecked, ‘truth’ will come under pressure,” WEF says. As truth is undermined, propaganda and censorship will rise. “In response to mis- and disinformation, governments could be increasingly empowered to control information based on what they determine to be “true”, WEF worries. AI-powered misinformation highway Who is affecting the truth? AI is leading the misinformation highway, driving more and more factors into it. Apart from being very effective in generating believable content, it’s also becoming much harder to discern even for the digitally educated consumer as well as detection mechanisms. Another layer on top of it AI hallucinated content. In the survey, most people voted AI-generated misinformation and disinformation as the second biggest risk after extreme weather conditions that could rock the calendar year. “Such information can thus still be emotively powerful, blurring the line between malign and benign use,” the report says. For example, an AI-generated campaign video could influence voters and fuel protests, or in more extreme scenarios, lead to violence or radicalization, even if it carries a warning by the platform on which it is shared that it is fabricated content. The report says that synthetic content will manipulate individuals, damage economies and fracture societies in numerous ways over the next two years. It will also aid the proliferation of new classes of crime like non-consensual deepfake pornography or stock market manipulation. “However, even as the insidious spread of misinformation and disinformation threatens the cohesion of societies, there is a risk that some governments will act too slowly, facing a trade-off between preventing misinformation and protecting free speech, while repressive governments could use enhanced regulatory control to erode human rights,” WEF report says.

Election fuelled misinformation is serious global risk in 2024, says WEF

In a <keyword id="100810" type="General" weightage="20" keywordseo="davos" source="Orion">Davos</keyword> session themed 'Technology in a Turbulent World,' <keyword id="19918827" type="General" weightage="100" keywordseo="sam-altman" source="keywords">Sam Altman</keyword>, CEO of Open<keyword id="6355999" type="General" weightage="20" keywordseo="AI" source="Orion">AI</keyword>, delved into the future trajectory of artificial intelligence (AI), offering profound insights into its role as a driving force for global economies and societies. Altman highlighted the theme of 'Artificial Intelligence as a Driving Force for the Economy and Society,' a pivotal focus at the <keyword id="20020435" type="General" weightage="20" keywordseo="world-economic-forum" source="keywords">World Economic Forum</keyword>'s Annual Meeting. Altman said, "Even with its very limited current capability and its very deep flaws, people are finding ways to use this tool for great productivity gains or other gains and understand the limitations. People understand tools and the limitations of tools more than we often give them credit for." He added, "People have found ways to make ChatGPT super useful to them and understand what not to use it for, for the most part. AI has been somewhat demystified because people really use it now. And that's always the best way to pull the world forward with new technology." Reflecting on a year where generative AI took centre stage, Altman's quotes from the session shed light on the potential and challenges lying ahead. Altman acknowledged the current limited capabilities and flaws of AI but emphasised people's ability to harness it for significant productivity gains. Users understand the tool's limitations and find ways to make it useful, demystifying AI as it becomes more widely used. Addressing the issue of trust in technology, Altman expressed optimism that AI systems would evolve to explain their reasoning in natural language. Altman said, "I have a lot of empathy for the general nervousness and discomfort of the world towards companies like us... We have our own nervousness, but we believe that we can manage through it and the only way to do that is to put the technology in the hands of people. Let society and technology co-evolve and sort of, step by step, with a very tight feedback loop and course correction, build these systems that deliver tremendous value while meeting safety requirements." This would enable users to understand the steps taken by AI from point A to B, fostering transparency and accountability. Contrary to concerns that AI might replace human-centric activities, Altman drew a parallel with chess. Despite Deep Blue's victory in 1997, human interest in chess has surged, highlighting our innate connection with human achievements and creativity. Altman emphasised that humans possess better tools for understanding each other's desires. Altman predicted a shift in job roles, with AI enabling individuals to focus more on generating ideas and curating decisions. Jobs would operate at a higher level of abstraction, requiring individuals to coordinate and make decisions based on a broader understanding of capabilities. Altman expressed optimism regarding the alignment of AI values, highlighting the progress made in ensuring safety between GPT-3 and GPT-4. "When a user says, 'Hey, ChatGPT, what happened at Davos today?' we would like to display content, link out to brands of places like the New York Times or the Wall Street Journal or any other great publication and say, 'Here's what happened today' and then we'd like to pay for that. We'd like to drive traffic for that," said Altman. However, the challenge lies in determining who decides these values, considering societal differences. Scrutiny of AI technology is viewed positively, and Altman stressed the tech industry's responsibility to gather input from society. Altman made distinctions between displaying content and using it for training AI models. He suggested the development of new economic models to compensate content owners when their data is used for training models, emphasizing the need for a shift in the current conversation about AI training. The session, part of the World Economic Forum's Annual Meeting, provided a comprehensive view of AI's evolving role and its implications for economies and societies globally. Panellists, including prominent figures like <keyword id="20245202" type="General" weightage="20" keywordseo="marc-benioff" source="keywords">Marc Benioff</keyword>, Julie Sweet, Jeremy Hunt, and Albert Bourla, joined Altman to explore these critical issues.

OpenAI CEO Sam Altman unveils vision for AI's impact on economy and society at WEF Davos

Davos, Global economic growth is estimated to fall to its lowest rate in three decades by 2030 amid the ongoing economic and geopolitical shocks, a new report said on Monday. <keyword id="20205587" type="General" weightage="20" keywordseo="releasing-the-future-of-growth-report" source="keywords">Releasing the Future of Growth Report</keyword> 2024 here ahead of its annual meeting of world leaders, the <keyword id="20020435" type="General" weightage="20" keywordseo="world-economic-forum" source="keywords">World Economic Forum</keyword> (<keyword id="19955159" type="General" weightage="20" keywordseo="wef" source="keywords">WEF</keyword>) said this downturn is exacerbating a range of interconnected global challenges, including the climate crisis and a weakening social contract, which are collectively reversing progress in global development. The report called for a new approach to economic growth that balances efficiency with long-term sustainability and equity, examining speed, and quality together. Analysing the quality of growth across 107 economies, it found that high-income economies score high on innovation and inclusion, while lower-income economies on sustainability. "Reigniting global growth will be essential to addressing key challenges, yet growth alone is not enough," WEF Managing Director <keyword id="20205586" type="General" weightage="20" keywordseo="saadia-zahidi" source="keywords">Saadia Zahidi</keyword> said. "The report proposes a new way for assessing economic growth that balances efficiency with long-term sustainability, resilience and equity, as well as innovation for the future, aligning with both global and national priorities," she added. The WEF also launched its 'Future of Growth' initiative, a two-year endeavour aimed at charting a new narrative for economic growth and supporting policymakers from around the world, together with economists and other experts, in identifying the best pathways in balance growth, innovation, inclusion, sustainability, and resilience goals. The report said that most countries continue to grow in ways that are neither sustainable nor inclusive and are limited in their ability to absorb or generate innovation and minimise their contribution and susceptibility to global shocks.

Global economic slowdown headed for worst phase in three decades: WEF study

Davos, The proportion of CEOs who believe global economic growth will improve over the next 12 months has more than doubled since last year, the annual <keyword id="20211002" type="General" weightage="20" keywordseo="pwc-global-ceo-survey" source="keywords">PwC Global CEO Survey</keyword> showed on Monday. The survey, released on the first day of the <keyword id="20020435" type="General" weightage="20" keywordseo="world-economic-forum" source="keywords">World Economic Forum</keyword> Annual Meeting here, also showed that almost half of CEOs do not believe their businesses will be viable in a decade amid acceleration of technology and climate pressures. The survey, which interviewed over 4,700 CEOs across 105 countries and territories, found that 38 per cent of CEOs are optimistic about global economic growth prospects in the next one year, up from 18 per cent in 2023. CEOs' expectations of economic decline have also tumbled from a record high of 73 per cent in the 2023 survey to 45 per cent. Despite ongoing conflicts, the proportion of CEOs who felt their company is highly or extremely exposed to geopolitical conflict risk fell 7 percentage points to 18 per cent. CEOs in most regions of the world were found to be more likely to be optimistic about domestic economic prospects than pessimistic, but <keyword id="19905008" type="General" weightage="20" keywordseo="north-america" source="keywords">North America</keyword> and <keyword id="20055122" type="General" weightage="20" keywordseo="western-europe" source="keywords">Western Europe</keyword> bucked the trend. CEOs overwhelmingly see generative AI as a catalyst for reinvention that will power efficiency, innovation and transformational change, the survey said. At the same time, a great majority of CEOs said they will require workforce upskilling to reap the transformative benefits of generative AI. "This year's data suggests a high degree of CEO uncertainty ahead, but CEOs are taking action. They are transforming their business models, investing in technology and their people and managing the risks and opportunities presented by the climate transition," PwC Global Chair <keyword id="20205687" type="General" weightage="20" keywordseo="bob-moritz" source="keywords">Bob Moritz</keyword> said. If businesses are to thrive over the short and long term, build trust, and deliver sustained and long-term value, they must accelerate the pace of reinvention, he said while releasing the survey results.

Economic optimism doubles but tech, climate pressures accelerate: PwC CEO survey

Davos [Switzerland], January 17 (ANI): <keyword id="19895622" type="General" weightage="20" keywordseo="microsoft" source="keywords">Microsoft</keyword> CEO <keyword id="20054589" type="General" weightage="20" keywordseo="satya-nadella" source="keywords">Satya Nadella</keyword> has highlighted the importance of Artificial Intelligence (AI) in science. <keyword id="20130102" type="General" weightage="20" keywordseo="nadella" source="keywords">Nadella</keyword> said science is probably the place where they will start witnessing "real acceleration." Speaking in conversation with <keyword id="20219604" type="General" weightage="20" keywordseo="world-economic-forum-chairperson-klaus-schwab" source="keywords">World Economic Forum Chairperson Klaus Schwab</keyword>, Nadella said, "What AI will do to science is probably the most interesting thing to me because, in fact, just last week, we announced, something, I sort of felt this can be done. I did not understand how this could be done. So we took one of our models called Matogen which is sort of a generative model to generate new molecules and material." "And we put it through an entire round trip where we came up with new molecules for a new material. Went to work in collaboration with one of the national labs in the United States, the <keyword id="20219605" type="General" weightage="20" keywordseo="pacific-northwest-national-lab" source="keywords">Pacific Northwest National Lab</keyword> and figured out how to produce a new battery that got 70 per cent less lithium. That's just phenomenal to sort of when we think about the climate, the energy transition. It's about taking 250 years of chemistry and somehow bringing it down to 25 years right? So, this is a proof point of that," he added. Emphasising the impact of AI in Biology, he said, "The same thing is happening in Biology. If I think about what we're doing even with Page and what we can do with cancer detection or what we're doing with .... again in biology and to be able to use AI to simulate the molecular behaviour. So, I think that science is probably the place where we will start seeing real acceleration." Nadella noted that the digitization revolution has brought new tools to science. However, he added that it has not fundamentally accelerated science. He further said, "But, if you can fundamentally accelerate science, cures to diseases, the energy transition, fundamental new material science. All of these I think, are going to be pretty profound." Satya Nadella stated that a global regulatory approach to AI is desirable as these are global challenges and require global standards. He noted, however, that there "seems to be a broad consensus, though that is emerging." "I think [a global regulatory approach to AI is] very desirable because I think at this point where these are global challenges and require global norms and global standards. Otherwise, it's going to be very tough to contain, tough to enforce, and tough to quite frankly move the needle even on some of the core research that is needed," Satya Nadella said. He stressed that there should be real, rigorous evaluations and safety and guardrails before the launch of anything. "But that said, I must say, that there seems to be a broad consensus that is emerging. If I have to sort of summarise the state of play the way I think we all are talking about it is that it is clear that when it comes to large foundation models, we should have real, rigorous, evaluations and red teaming, safety and guardrails before we launch anything now and then when it comes to applications, we should have a risk-based assessment of how to deploy this technology," he said. "If you are deploying it in healthcare, you should apply healthcare ....If you are deploying it in financial services, you should deploy it again the financial risk a consideration. So, I think if we take something as simple as that as a basis to build some consensus and norms, I think we can come together," he added. He also said that the last thing the world needs is technology, creating a divide and added that they "need to be mindful of it." Nadella said, "The last thing the world needs is technologies that create more of the divide right. I mean, if anything, my hope for sure is centred on realizing what we just talked about. Think about it. You have now a technology like something like GPT-4 that essentially can be used to create a personal tutor for every student in the world right. It's absolutely economically feasible, even with just the government spending that's happening even in the Global South right. So it's not just in the UAE, but it can happen everywhere." Stressing that the tech industry must consider the unintended consequences of new digital technologies along with its benefits, Nadella said that "the biggest lesson learned perhaps for us is that we have to take the unintended consequences of any new technology along with all the benefits and think about them simultaneously as opposed to waiting for the unintended consequences to show up and then address them." He further said, "I think that the fundamental change in last 10 years. I feel like our license to operate as an industry depends on that because I don't think the world will put up any more with any of us coming up with something that has not thought through safety, trust, equity. These are big issues for everyone in the world." (ANI)

Last thing world needs is technologies that create more divide: Satya Nadella

India's GDP growth is projected at 7.2 per cent in 2024-25, around 7 per cent in the next fiscal, and after that, there is a strong likelihood that the growth will revert to the 8 per cent trend, said <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> deputy governor <keyword id="20244361" type="General" weightage="20" keywordseo="Michael-Debabrata-Patra" source="keywords">Michael Debabrata Patra</keyword>. He was speaking at the New York Fed Central Banking Seminar organised by the <keyword id="20238413" type="General" weightage="20" keywordseo="Federal-Reserve-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="Federal Reserve Bank" meta.hostid="261" meta.entityid="Federal Reserve Bank">Federal Reserve Bank</keyword> here on Monday. "...I do believe with all the strength of my conviction that India's time has come," he said, and highlighted the country heads into its future with the youngest population in the world with a median age of 28 years. Unlike in many parts of the world, the working age population is growing -- every sixth working age person is an Indian. Patra said that since independence in 1947, India's growth path has undergone three structural shifts with trend growth, having risen to 7 per cent during 2002-2019. After the severe contraction during the pandemic, a new growth trajectory averaging 8 per cent seems to be forming during 2021-24, he said. India is now regarded as the fastest growing major economy in the world. Already the fifth largest economy in terms of market exchange rates, it is poised to become the third largest economy by 2030, the senior RBI official said and added the country is already the third largest economy in terms of <keyword id="20776921" type="General" weightage="20" keywordseo="purchasing-power-parity" source="keywords">purchasing power parity</keyword>. "Our projections show that India's <keyword id="21013593" type="General" weightage="20" keywordseo="real-GDP-growth" source="keywords">real GDP growth</keyword> will be 7.2 per cent in 2024-25 and around 7.0 per cent in 2025-26 in a cyclical correction to the rebound from the pandemic. Thereafter, there is a strong likelihood that India's growth will revert to the 8 per cent trend," Patra said. On inflation, he said it is projected to average 4.5 per cent in 2024-25 and 4.1 per cent in 2025-26. Consumer Price Index (CPI) based inflation fell below target during July-August but rose to 5.5 per cent in September on the back of a pickup in price momentum in some food items and adverse base effects inherent in year-on-year measurement. "Our projection indicates that these price pressures will persist in October and November before headline inflation realigns with the target from December 2024 and remains aligned in 2025-26," the deputy governor said. He also emphasised that India is emerging as a world leader in leveraging <keyword id="20181895" type="General" weightage="20" keywordseo="digital-technologies" source="keywords">digital technologies</keyword> for transformative change.

India likely to grow at 7.2% in FY25, says RBI deputy governor

<ul class="summary-list"><li>I'm attending the World Economic Forum in Davos, Switzerland.</li><li>My schedule is packed with meetings — but the scenery in the Swiss Alps is a stunning distraction.</li></ul>Some of the world's wealthiest and most powerful people are landing in Davos, as the Swiss ski resort gets ready to host the <a target="_blank" href="https://www.weforum.org/events/world-economic-forum-annual-meeting-2024/">World Economic Forum</a>.The annual gathering brings nearly 3,000 world leaders together to discuss the world's most pressing issues.This is my first time attending the winter meeting in Davos. While I've got a schedule packed with meetings with everyone from top executives to government ministers, I'm also completely blown away by the beauty of this village.Snow-clad Alps, ice-laden roofs of tiny houses perched on the mountains and tall trees make it look straight out of a fairy tale. Yes, I am a "<a target="_blank" href="https://www.businessinsider.com/things-you-didnt-know-about-frozen-2019-2">Frozen</a>" fan.My top tip: take the train. The journey from Zurich to Davos gives you some of the best views. I put my headphones on and listened to Hans Zimmer as the train took me through the breathtaking Alps.<div type="image" title="Train to Davos" height="1536" width="2048" msid="106868153" hostid="261" sizebytes="430196"></div><div type="image" title="Checking in to Davos" height="2048" width="1536" msid="106868156" hostid="261" sizebytes="217220"></div>I checked into my apartment quite late and could only spot a half broken snow man in the backyard. However, this morning I woke up to the most beautiful views.<div type="image" title="Davos is a Swiss ski resort" height="2048" width="1536" msid="106868158" hostid="261" sizebytes="251304"></div>I'm not a morning person but the views in Davos got me out of my apartment for a walk. I'd take walks every morning if I had views like this.<div type="image" title="Davos, Switzerland" height="2048" width="1536" msid="106868161" hostid="261" sizebytes="314918"></div>Over the next few days, participants and attendees will discuss everything from the several geopolitical crises facing the world, along with the many economic issues. Sounds full on? Well, they can just pop out and grab a breathtaking view of the Alps before their next meeting.<div type="image" title="Davos, Switzerland" height="1800" width="1440" msid="106868164" hostid="261" sizebytes="287902"></div><div type="image" title="Davos" height="2048" width="1536" msid="106868166" hostid="261" sizebytes="429792"></div>

I'm at the World Economic Forum and I'm blown away by the beauty of Davos

<ul class="summary-list"><li>Elite executives visited Davos, Switzerland, for the World Economic Forum last week.</li><li>The hottest hotel for even the most high-powered attendees was a budget chain: the Hilton Garden Inn.</li></ul>751 locations at an average of roughly $120 a night isn't exactly exclusive among hotel chains, but in Davos over the last week, elite executives visiting the <a target="_blank" href="https://www.businessinsider.com/davos-switzerland-world-economic-forum-spectacular-winter-scenery-alps-2024-1">World Economic Forum</a> clamored for a room at the Hilton Garden Inn.<a target="_blank" href="https://www.wsj.com/lifestyle/travel/bad-hotels-and-not-enough-wine-a-week-with-billionaires-1634c75c?mod=hp_lead_pos7">The Wall Street Journal</a> reported A-listers visiting Switzerland for the conference — including Bridgewater hedge-fund investor <a target="_blank" href="https://www.businessinsider.com/ray-dalios-bridgewater-spent-one-million-renovating-rockstar-bus-book-2023-11">Ray Dalio</a>, former President Trump's son-in-law <a target="_blank" href="https://www.businessinsider.com/who-is-jared-kushner-2018-1">Jared Kushner</a>, and <a target="_blank" href="https://www.businessinsider.com/princesses-beatrice-eugenie-fraud-case-tied-to-prince-andrew-report-2022-4">Princesses Eugenie and Beatrice</a> — stayed at the budget Hilton chain this year as they attended events for the upper echelons of business, finance, and tech.The Hilton Garden Inn chain, with locations near most major airports, offers an accessible version of the luxury the hotel giant is known for with their properties like Waldorf Astoria Resorts or Conrad Hotels. Hilton Garden Inns feature more double-bed rooms than grand suites, a traditional buffet breakfast, and a dinner service that one visitor to the Davos location described in a Google review as "a bit bland and simple."But while the World Economic Forum is in town — this year featuring extensive discussion about <a target="_blank" href="https://www.businessinsider.com/davos-global-elite-saying-about-ai-behind-closed-doors-2024-1">the future of AI</a> — the budget chain is a hot spot for some of the ultrawealthy who'd usually be more likely spotted at a <a target="_blank" href="https://www.businessinsider.com/ritz-carlton-second-luxury-cruise-ship-ilma-yacht-2023-3">Ritz-Carlton</a> or <a target="_blank" href="https://www.businessinsider.com/four-seasons-at-the-surf-club-miami-luxury-hotel-review-2023-12">Four Seasons.</a>Stanley Bergman, the CEO of the medical device supplier Henry Schein, who has stayed at the hotel annually since 2016, had to leverage his connections at the hotel to snag two tables at the lobby restaurant due to limited space, The Journal reported."If you really know the right people you can get a customized egg," Berman told the outlet in an apparent quip about the available amenities being so limited that even a breakfast order isn't made to preference.Representatives for Hilton did not immediately respond to a request for comment from Business Insider.More luxurious accommodations for the World Economic Forum, such as the <a target="_blank" href="https://www.businessinsider.com/world-economic-forum-davos-hotel-wef-preparations-2023-1">Grandhotel Belvédère</a> are limited, and due to the popularity of the conference, rooms there run at least 50% more than the typical non-WEF price tag of $325 to $670 a night.Davos, Switzerland, has a population of just over 11,000, meaning the 3,000 attendees to the World Economic Forum easily overrun the hotels in town. Though a tourism site for Davos shows 80 hotels in the tourism-driven region, only a few are located within the WEF security zone, which authorities set up to prevent unauthorized guests from entering.In preparation for the event, a major driver of annual revenue, the Grandhotel Belvédère increased its staffing by roughly 150%. While it remains unclear if the Hilton Garden Inn also hired more staff to cover the weeklong event this year, <a target="_blank" href="https://www.theguardian.com/business/2017/jan/13/army-of-staff-descends-on-davos-to-serve-wef-super-rich">The Guardian</a> reported in years past on the "army of staff" that descends upon Davos to cater to the visiting elite.And even being among the celebrities and politicians in attendance can't grant you easy access if you manage to snag a room inside: Business Insider reported that high-profile attendees waited up to an hour to enter the Grandhotel Belvédère due to <a target="_blank" href="https://www.businessinsider.com/wealthy-davos-attendees-annoyed-waiting-long-lines-report-2024-1">enhanced security measures</a>.

You Searched For "world economic forum 2019" and got 13 results

India rises to rank 39th on WEF's Travel & Tourism Development Index 2024, becomes highest ranked South Asian nation

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Worldwide tourism and its contribution to global GDP to return to pre-COVID levels this year: WEF study

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2 managers at the World Economic Forum, which hosts the glitzy Davos conference, said the N-word in front of staff: report

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Election fuelled misinformation is serious global risk in 2024, says WEF

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OpenAI CEO Sam Altman unveils vision for AI's impact on economy and society at WEF Davos

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Global economic slowdown headed for worst phase in three decades: WEF study

PTI

Economic optimism doubles but tech, climate pressures accelerate: PwC CEO survey

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Last thing world needs is technologies that create more divide: Satya Nadella

ANI

India likely to grow at 7.2% in FY25, says RBI deputy governor

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I'm at the World Economic Forum and I'm blown away by the beauty of Davos

Spriha Srivastava

The hottest hotel for elites at the World Economic Forum costs around $120 a night in the states

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