The World Economic Forum in Davos was postponed due the evolution of Covid 19

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The planned (WEF) in the Swiss mountain resort of Davos scheduled from Jan. 17 to Jan. 21 has been called off due to surging cases of the Omicron variant of COVID-19. It will be postponed for early summer. The transmissibility of the omicron Covid variant and its impact on travel and mobility had forced this decision. “Current pandemic conditions make it extremely difficult to deliver a global in-person meeting,” the forum said in a statement. Delegates have been told today by the organisers. They also announced an online series of “State of the World” sessions will be held instead. The goal of the meeting of world leaders, billionaires and executives was to address “economic, environmental, political and social fault-lines exacerbated by the pandemic” in our interdependent world. The event is held annually in Davos to discuss global issues. It is essential for world’s leaders to work together for a more inclusive, cohesive and sustainable future as soon as possible in 2021.

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WEF, first named the European Management Forum, was founded on 24 January 1971 by Professor Klaus Schwab. The claims to be impartial and that it is not tied to any political, partisan or national interests. To be a member of the Forum requests to pay a fee. An annual membership cost a few years ago was $52,000 for an individual member, $263,000 for “Industry Partner” and $527,000 for “Strategic Partner” but were increased now by 20 percent. In 2017, the WEF in Davos attracted considerable attention when, for the first time, a head of state from the People’s Republic of China was present. At the 2018 annual meeting, there were more than 3,000 participants from nearly 110 countries in over 400 sessions.