The annual Edelman Trust Barometer, released in Davos, showed a sharp decline in trust across the board with faith in governments, business, media and non-governmental organisations (NGOs) below 50 per cent in two-thirds of countries.

The armed forces' operation here includes protecting facilities and individuals, safeguarding air sovereignty, securing Swiss airspace, and with logistics, primarily through its Coordinated Medical Services (CMS), the Swiss Army said.

The increased valuation of Swiss franc -- to its highest level in about 30 years -- has led to costs moving up the slope for everything. From taxi to hotels to stay to food, cost of everything is going up for about 3,000 persons, including 2,500 business and political leaders from across the globe, who are here for World Economic Forum's Annual Meeting.