As Leaders Chill in Davos, Emerging Economies Going Downhill Fast

More than a trillion dollars of investment flows has fled emerging markets over the past 18 months but the exodus may not even be halfway done, as once-booming economies appear trapped in a slow-bleeding cycle of weak growth and investment.

The high-profile WEF meeting here will not be entirely for the elite only as some of the 300-odd sessions will be open to general public and few sessions would connect with millennials in select few cities worldwide, including Delhi, Bangalore and Ahmedabad in India.

So its Davos time again! Snowy Alps, freezing weather, Swiss hospitality and a super packed 3 days. It's the World Economic Forum 2016.

Reflecting an acute shortage of skilled labour force and difficult business conditions, India has slipped 11 places to rank 89th on a global index of talent competitiveness, a list which has been topped by Switzerland.

At Davos, Iran is center-stage, North Korea has been disinvited for nuclear saber-rattling, and World Economic Forum founder Klaus Schwab says he's worried about Europe's future, the fallout of plunging oil prices and gaping inequality worldwide.

Home to the annual talkathon of the rich and powerful from across the world for over four decades, this Swiss resort town has its own history of being a place of eminence for medical tourism as also for winter sports.

The country's power sector is at an "inflection point" and most of its electricity demand in the next two decades will be met by burning fossil fuels despite huge investments in renewables, WEF said on Tuesday.

Ahead of the India-UK Economic and Financial Dialogue, Finance Minister Arun Jaitley on Monday wooed British businesses keen on investing in India, highlighting initiatives taken by the government to make the country an attractive destination for global investment.

The projection by the World Economic Forum (WEF) assumes a total loss of 7.1 million jobs, offset by a gain of 2 million new positions.

The trust gap between the informed public and the mass population globally has widened to a record high level, while the divide is fourth highest in India among all major countries, a new survey has found.

Disruptive labour market changes, including the rise of robots and artificial intelligence, will result in a net loss of 5.1 million jobs over the next five years in 15 leading countries.

As the rich and powerful from across the world begin congregating here for their annual jamboree, global trade union body ITUC on Monday said just 50 MNCs have a "hidden workforce" of 116 million people in their global supply chains including in India.

Four out of ten young people believe machines will be able to do their jobs within a decade, an international survey published on Monday has found.

As the rich and powerful from across the world get ready for their annual brainstorming in this ski resort town in the coming week, it will also host Hollywood actor Leonardo DiCaprio - but not for his Oscar front-runner 'The Revenant'.

Plunging markets and the break-neck pace of technological innovation. The world is beset by uncertainties as 2,500 business executives, political leaders and activists gather in the Swiss Alpine town of Davos this week.

Europe's migrant crisis and devastating terror attacks will combine with the plunging oil price and China's economic slowdown to give the elite of the political and business worlds plenty to talk about when they gather in Davos from Tuesday.

Finance Minister Arun Jaitley will tomorrow embark on a six-day official visit to the UK and Switzerland during which he will also attend various deliberations at the World Economic Forum.

US Secretary of State John Kerry sets off on another tour around the world next week that will take him to Europe, the Middle East and Asia.

North Korea on Thursday protested its "unjustifiable" exclusion from the upcoming World Economic Forum (WEF) in Davos, calling it a "sinister act" of compliance with Pyongyang's political enemies.

The global economy faces an array of risks, from natural disasters related to climate change to increasingly sophisticated cyberattacks, according to experts polled by the World Economic Forum, which organises the annual gathering of political and business leaders in the Swiss resort of Davos.