Page 11 - Latest Updates on World Economic Forum
56% of chief economists expect global economy to weaken in 2024: WEF report
The report indicates that the global economic prospects remain subdued and uncertain. Challenges include tight financial conditions, geopolitical rifts, and the rapid development of generative AI
 "56% of chief economists expect global economy to weaken in 2024: WEF report")
Davos 2024: Conflict, climate change, AI get top of list for discussion
The Earth is heating up, as is conflict in the Middle East. The world economy and Ukraine's defence against Russia are sputtering along. Artificial intelligence could upend all our lives.
 "Davos 2024: Conflict, climate change, AI get top of list for discussion")
India on top for trust in biz, NGOs; 4th for media, 5th in govt: Report
The Edelman Trust Barometer 2024, released here ahead of the World Economic Forum Annual Meeting, put Saudi Arabia on the top for trust shown by their people in govt and China for trust in media
 "India on top for trust in biz, NGOs; 4th for media, 5th in govt: Report")
Davos 2024: Ikea prices to fall despite Red Sea disruptions, says CEO
Ingka Group has invested more than 1 billion euros ($1.1 billion) in price reductions across its markets from September to November, and aims to continue lowering prices in 2024
 "Davos 2024: Ikea prices to fall despite Red Sea disruptions, says CEO")
WEF Davos 2024: China keeps weighing on world in view of economists
"China is a notable exception as weak consumption, lower industrial production and distress in property markets weigh on the prospects of a stronger rebound in 2024," the Forum said in its report
 "WEF Davos 2024: China keeps weighing on world in view of economists")
Hyundai Motor to spend $845 million fixing Talegaon plant bought from GM
Hyundai last year bought the General Motors factory in Talegaon, which has stood idle for years after the US company struggled to sell it off following its exit from the country
 "Hyundai Motor to spend $845 million fixing Talegaon plant bought from GM")
Hyundai Motor to spend $845 million fixing Talegaon plant bought from GM
Hyundai last year bought the General Motors factory in Talegaon, which has stood idle for years after the US company struggled to sell it off following its exit from the country
Hitachi's Indian business expects to have $20 billion revenue by 2030
Hitachi India's rail and power business would be the biggest revenue contributor over the next decade, he Kaushal added
 "Hitachi's Indian business expects to have $20 billion revenue by 2030")
Global economic slowdown headed for worst phase in three decades: WEF study
The report called for a new approach to economic growth that balances efficiency with long-term sustainability and equity, examining speed, and quality together
 "Global economic slowdown headed for worst phase in three decades: WEF study")
AI can help mfg, healthcare, other sectors scale new heights: Nadir Godrej
Speaking to PTI, he said AI has great potential to help various sectors by optimising processes and it should be seen as a facilitator rather than a disruptor
 "AI can help mfg, healthcare, other sectors scale new heights: Nadir Godrej")
Global investors attracted to India amid political stability: Prashant Ruia
We are making significant advances in energy transition, focusing on hydrogen, green mobility, and green steel ecosystems, Ruia said
 "Global investors attracted to India amid political stability: Prashant Ruia")
WeLead to Credible India: Indian lounges dominate Davos promenade
Indian participation is also significant with three union ministers, as many chief ministers and a large number of officials and CEOs expected to speak over the next five days
 "WeLead to Credible India: Indian lounges dominate Davos promenade")
5,000 army personnel deployed at Davos for tight security ahead of WEF meet
Armed forces began their deployment on January 9 itself and they would be here till January 25, according to Swiss Army
 "5,000 army personnel deployed at Davos for tight security ahead of WEF meet")
India remains a bright spot amid geopolitical tensions, says Nadir Godrej
'There are geopolitical challenges, but it does not affect India that much. India is in a bright spot'.
Green hydrogen can enable energy transition in net-zero journey: WEF report
India is currently the third-largest economy in the world in terms of energy needs, and the country's demand for energy is set to surge. The demand is estimated to grow 35 per cent by 2030
 "Green hydrogen can enable energy transition in net-zero journey: WEF report")
Cyber inequity, AI key risks in 2024, says World Economic Forum study
AI advances pose more serious risk on elections that will be held this year across the world
 "Cyber inequity, AI key risks in 2024, says World Economic Forum study")
5 ways to increase cyber resilience against increasingly diverse threats
All signs are that 2024 will be another challenging year, but by shifting practices and pursuing cooperation and best practice sharing, progress can be made
 "5 ways to increase cyber resilience against increasingly diverse threats")
Govt, MDB coffers don't have trillions of dollars: World Bank chief Banga
On barriers to private sector investment, Banga said there are many reasons, starting from regulatory certainty and policy certainty from a particular country
 "Govt, MDB coffers don't have trillions of dollars: World Bank chief Banga")
From Chennai to Davos, it's a flying start for India Inc in New Year
Vibrant Gujarat, which is celebrating 20 years, is hoping to forge a record number of memorandum of understanding this year, surpassing its previous best of 28,360 signed in 2019
 "From Chennai to Davos, it's a flying start for India Inc in New Year")
Global cooperation declining after resilience through 2012-2020: WEF study
The barometer release follows a year that was the hottest on record and saw escalating levels of conflict worldwide, but that also brought progress on climate action, trade agreements and innovation
 "Global cooperation declining after resilience through 2012-2020: WEF study")