Page 7 - Latest Updates on World Economic Forum
WEF highlights: India's growth momentum to stay, says RBI Guv at Davos
LIVE updates on World Economic Forum: The theme of Open Forum Davos 2024, which takes place January 15-19, is: "From Lab to Life: Science in Action". Catch all the latest news updates here
 "WEF highlights: India's growth momentum to stay, says RBI Guv at Davos")
India can become $5 trn economy much before 2028: Hardeep Singh Puri
He was speaking at a CII-EY breakfast session on 'accelerating India's energy transition towards sustainable economic growth' on the sidelines of the World Economic Forum Annual Meeting 2024
 "India can become $5 trn economy much before 2028: Hardeep Singh Puri")
Chinese economy growing, open for business: China's Premier Li Qiang at WEF
Li said China, with a rapidly urbanizing population of 1.4 billion people, would play an important role in boosting aggregate global demand
 "Chinese economy growing, open for business: China's Premier Li Qiang at WEF")
India reinforces status as preferred investment destination at Davos: Govt
India's presence is marked by securing four distinct spaces at WEF, each dedicated to showcasing the India opportunity and its growth story to global investors, it added
 "India reinforces status as preferred investment destination at Davos: Govt")
Rising global risks
Alarming WEF report highlights the need for collective action
 "Rising global risks")
WEF: Green hydrogen to lead towards zero carbon future, says Gautam Adani
Writing in a blog post on the World Economic Forum site, Adani said for India, the equitable solution is not to replace one fossil fuel with another but to leapfrog to renewables and green hydrogen
 "WEF: Green hydrogen to lead towards zero carbon future, says Gautam Adani")
Misinformation, polarisation limit our abilities: European Commission chief
In a special address at the World Economic Forum Annual Meeting 2024 here, she said this is not the time for polarisation, but for rebuilding trust
 "Misinformation, polarisation limit our abilities: European Commission chief")
Global cooperation needed to curb climate crisis, save 14.5 mn lives: WEF
But, there is still time for global stakeholders to take decisive and strategic action to counter these forecasts and mitigate the health impacts of climate change globally, it said
Time to rebuild trust, cooperation with each other: WEF Chair Klaus Schwab
WEF president Borge Brende said, "We have nearly 3,000 participants from more than 125 countries here at the 54th Annual Meeting of the World Economic Forum"
 "Time to rebuild trust, cooperation with each other: WEF Chair Klaus Schwab")
Economic optimism doubles but tech, climate pressures accelerate: Survey
CEOs' expectations of economic decline have also tumbled from a record high of 73 per cent in the 2023 survey to 45 per cent
 "Economic optimism doubles but tech, climate pressures accelerate: Survey")
India shifted from women-centric to women-led development: Puri at Davos
The lounge has been set up by her Women and Child Development Ministry in association with the Bill and Melinda Gates Foundation and industry chamber CII
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.
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")
