Page 4 - Davos

TN delegation to showcase talent pool, robust infrastructure at Davos meet

A delegation led by Tamil Nadu Industries Minister T R B Rajaa will attend the World Economic Forum in Switzerland this week, a few days after the success of securing Rs 6.64 lakh crore of investment commitments at the recent Global Investors Meet in Chennai. This would be the third time that officials of the current DMK government will visit Davos. They participated in the WEF event in 2022 and 2023 under the then Industries Minister Thangam Thennarasu. A series of events have been planned during the visit. This includes showcasing Tamil Nadu as the ideal global investment destination, projecting the success of Tamil Nadu's economic growth and highlighting its journey to become sector-leader in the 'emerging business' vertical, among others. "The 54th annual meeting of the World Economic Forum is centred around the theme of 'Rebuilding Trust' and we cannot build trust without an inclusive and sustainable society. A key objective for us this year is to present our state's highly ..

World Economic Forum: Davos-bound squad aims to turn spotlight on India

Top honchos from India Inc, finance, govt heading to the World Economic Forum

AI-powered misinformation is biggest short-term threat: Davos report

False and misleading information supercharged with cutting-edge artificial intelligence that threatens to erode democracy and polarize society is the top immediate risk to the global economy, the World Economic Forum said in a report on Wednesday. In its latest Global Risks Report, the organisation also said an array of environmental risks pose the biggest threats in the longer term. The report was released ahead of the annual elite gathering of CEOs and world leaders in the Swiss ski resort town of Davos and is based on a survey of nearly 1,500 experts, industry leaders and policymakers. The report listed misinformation and disinformation as the most severe risk over the next two years, highlighting how rapid advances in technology also are creating new problems or making existing ones worse. The authors worry that the boom in generative AI chatbots like ChatGPT means that creating sophisticated synthetic content that can be used to manipulate groups of people won't be limited any

Criminal uprising in Ecuador threatens to derail Noboa's comeback plan

At least 10 people, including two law enforcement officers, have been killed, AFP reported citing local and national police, while authorities were still struggling to regain control on Tuesday

Diverse views on trade & investment at Davos

Beneath the high sounding words during the discussions, willingness to co-operate on trade and investment issues was missing

Telangana secures Rs 21,000 cr worth of investments during WEF in Davos

Telangana has attracted investments worth Rs 21,000 cr across various sectors during the recently concluded annual World Economic Forum (WEF) meeting at Davos in Switzerland, an official release said

Be realistic, avoid complacency: Leaders at World Economic Forum meeting

As the five-day-long annual meeting of world leaders here ended on Friday, they called for proceeding into the new year with a sense of realism and caution while avoiding any complacency. Amid looming threats of cost of living crises emanating from the Ukraine war and continuing pandemic-related risks, the leaders on Friday said there is a need for a resilient and determined approach towards a green and inclusive growth. "The anaemic economic growth, inflationary pressures and the war in Ukraine, all these factors tell us why we should proceed into the new year with a sense of realism and caution," IMF Chief Kristalina Georgieva said during the closing session of the World Economic Forum meeting on global economy. She also cautioned against Western climate subsidies and said these may hurt emerging and developing economies. "Western subsidies to combat climate change and encourage the transition to clean energy sources by using public money to step up private investment... may not

WEF 2023: 'Fragmentation can cost up to 7% of global GDP', says IMF chief

Asking the world to be pragmatic and collaborate, IMF chief Kristalina Georgieva on Friday said fragmentation can cost up to 7 per cent of the global GDP. "If we don't unite now, we'll face significant risk to the economy and people's wellbeing," she said during a session on global economy on the last day of the World Economic Forum Annual Meeting 2023. The International Monetary Fund Managing Director said if we look at medium-term growth prospects, how we handle the supply chain issues, that will decide our future prospects. She said her message to the world is to "be pragmatic and collaborate". Asked what will take the IMF to upgrade its global growth forecast, she said, "Last year, we downgraded the growth projections three times and not downgrading further itself is good news at the moment." Also, the labour market needs to be looked at seriously, as for anyone, having a cost of living crisis and a job is much better than having no cost of living crisis and no job, she ...

Davos 2023: UAE, India in early talks to settle non-oil trade in rupees

Thani Al-Zeyoudi, the UAE's minister of state for foreign trade said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies

'India's G20 presidency comes at a crucial time', says WEF's Klaus Schwab

"India remains a bright spot amid global geoeconomics and geopolitical crises," he added

Davos 2023: Adani is hooked on ChatGPT, says race for AI to get complex

Asia's richest man Gautam Adani, besides looking at opportunities to expand his vast empire, is hooked on ChatGPT - the programme that trawls vast amounts of information to generate natural-sounding text on virtually anything - from crafting jokes to writing ad copy, debugging computer code, to even generating poems and essays. Adani, whose conglomerate has in recent years diversified from mines, ports and power plants into airports, data centres and defence, penned musing from his visit to Davos to attend the World Economic Forum meeting. "From a meetings perspective, this was perhaps my busiest WEF as I met over a dozen heads of states and several business leaders," he wrote on LinkedIn, talking of new geopolitical couplings, climate change and tight-lipped evangelists and AI. Advancements in AI, or generative AI, was the buzzword at all the discussions at the WEF. "The recent release of ChatGPT (I must admit to some addiction since I started using it) is a transformational momen

Garuda Aerospace to unveil carbon-neutral drone at World Economic Forum

Garuda Aerospace will manufacture over 25,000 drones in the next 15 months and will revolutionize the agricultural sector

Biggest challenge during pandemic was negotiating politics: Pfizer

Protectionism as a result of fear meant the governments closed down borders, making it difficult to export vaccines, says Albert Bourla, Pfizer's chief executive officer

Davos 2023: UAE in talks with India to trade non-oil commodities in rupees

The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies

WEF 2023: US debt crisis clouds Davos optimism on global economy

More than a decade after one debt-ceiling standoff led to a sovereign US rating downgrade, financial-market turmoil and a weakened economic recovery

WEF 2023: India to become a $26 trillion economy by 2047, says EY report

The report says India is most likely to overtake Germany and Japan to become the third-largest economy after China and the US by 2030

Elon Musk wasn't invited to Davos despite what he says: WEF organisers

WEF says billionaire Elon Musk wasn't on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland despite what Twitter owner claims

Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum

The artificial intelligence is garnering interest in Davos at the World Economic Forum's annual meeting this week

Gogoro, Belrise to bet $2.5 bn on battery-swapping infra in Maharashtra

A non-binding memorandum of understanding (MoU) was signed in Davos on Tuesday with the state government

WEF Davos 2023: Global leaders roll up sleeves to tackle a tough 2023

The mood at Davos is to roll up the sleeves and work on an actionable plan to revive growth and stability