A record number of business and government leaders will descend on the Swiss resort of Davos next week to pore over challenges ranging from global economic slowdown to environmental collapse as the World Economic Forum returns to its winter slot.

Top politicians and world business leaders are set to meet for the annual Davos summit in the Swiss Alps next week under the shadow of war in Ukraine, a climate crisis and global trade in disarray.

India's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable