Chinese President Xi Jinping warned on Monday that confrontation between major powers could have "catastrophic consequences" in a speech to world leaders at an all-virtual Davos forum.

India's richest have more than doubled their fortunes during Covid-19 crisis that's ravaged the country and worsened poverty, and the government should revisit its policies to redistribute wealth, according to the global Oxfam Davos report of 2022.

Wealth of 10 richest Indians is enough to fund education of children in the country for 25 years, says Oxfam India's inequality survey