WEF meet begins in Davos, fiscal woes in world economy to dominate talks

The six-day long World Economic Forum annual meet, which will see participation of over 100 Indian business and political honchos as well as global leaders, began today and fiscal woes in the world economy are expected to dominate discussions.

The world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), though so far inflation fears seem overdone.

The overall confidence in the global economy has improved in the first quarter of this year compared to last three months of 2012, according to a WEF survey.

Chancellor Angela Merkel of Germany and the president of the European Central Bank, Mario Draghi, are being credited rather than pilloried these days for saving the euro from disaster. Together with Prime Minister Mario Monti of Italy and the International Monetary Funds managing director, Christine Lagarde, they will be among the keynote speakers on whether Europes f...

The world's financial and political elite will head this week to the Alps for 2013's gathering of the World Economic Forum in Davos, Switzerland, with the global economy far less plagued by fear than it was last year.

The world has not yet escaped the risk of a collapse in the global economy despite some renewed confidence heading into 2013, the founder of the World Economic Forum told The Associated Press on Monday.

As the annual WEF jamboree begins here today, over 100 business and political leaders from India will join the world's rich and powerful, including 50 government heads, to discuss current state of economic affairs in freezing weather of this Swiss Alpine resort town.

Urban Development and Parliamentary Affairs Minister Kamal Nath will lead the Indian delegation to the annual meet of the World Economic Forum (WEF) at Davos, Switzerland, starting next week.

Despite Europe's avoidance of a euro break-up in 2012 and the United States stepping back from its fiscal cliff, business leaders and academics fear politicians are failing to address fundamental problems, says the Global Risks 2013 report by the World Economic Forum.

On Thursday, Apple’s stock market value was higher than Microsoft and Google put together.

IMF Managing Director Christine Lagarde warned that the eurozone crisis is not the region’s problem alone.

Speaking to NDTV Profit’s Ira Duggal at the World Economic Forum in Davos, Chaudhuri said that the policy rates or OMOs do not have a lasting impact on the interest rate environment; however it is important that they come down. "

Asian markets dipped on Monday as traders were concerned about a weaker than expected US fourth quarter economic data.

Yunus said that money is now the king, becoming an "intoxication in the system".

Speaking to NDTV Profit’s Ira Duggal at the World Economic Forum in Davos, Chaudhuri said that the policy rates or OMOs do not have a lasting impact on the interest rate environment.

NDTV’s Shweta Rajpal Kohli caught up with motivational speaker Jessica Cox along with the top management of Mahindra Satyam, Vineet Nayyar, VC, MD & CEO at Tech Mahindra and C P Gurnani , CEO, Mahindra Satyam to discuss her story.

DLF Chairman KP Singh too feels that money will go to only those countries, which investors find more friendly, more competitive.

India's story has emerged stronger with the business world appreciating the fine balance between democratic processes and economic growth.

From igloos to topless protesters, the World Economic Forum this year had its fair share of innovative protests and campaigns reflecting people's growing frustration with the present economic system and rising inequalities.

Three topless Ukrainian protesters were detained on Saturday while trying to break into an invitation-only gathering of international CEOs and political leaders to call attention to the needs of the world's poor. Separately, demonstrators from the Occupy movement marched to the edge of the gathering.