by The coronavirus pandemic has forced the World Economic Forum (WEF) to relocate its flagship event to Singapore next year. It will be only the second time in 50 years that it will be staged outside of the Swiss mountain resort of Davos. The 51st annual meeting of business, political and civil society leaders will take place in Singapore between May 13-16, WEF announced on Monday. Organisers added that it plans to return to Davos in 2022. The event has moved out of Switzerland in stages. Having been advised not to hold the meeting in Davos on its traditional January date, organisers looked for another venue in Switzerland for next summer. The pandemic had also forced a slimmed-down, half virtual meeting next year, it had been previously announced. But now it has
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swiss Business and Economy, Featured, newsletter, Politics
This could be interesting, too:
Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI
Ryan McMaken writes A Free-Market Guide to Trump’s Immigration Crackdown
Wanjiru Njoya writes Post-Election Prospects for Ending DEI
Swiss Customs writes Octobre 2024 : la chimie-pharma détermine le record à l’export
The coronavirus pandemic has forced the World Economic Forum (WEF) to relocate its flagship event to Singapore next year. It will be only the second time in 50 years that it will be staged outside of the Swiss mountain resort of Davos.
The 51st annual meeting of business, political and civil society leaders will take place in Singapore between May 13-16, WEF announced on Monday. Organisers added that it plans to return to Davos in 2022.
The event has moved out of Switzerland in stages. Having been advised not to hold the meeting in Davos on its traditional January date, organisers looked for another venue in Switzerland for next summer.
The pandemic had also forced a slimmed-down, half virtual meeting next year, it had been previously announced. But now it has been forced to move out of Switzerland altogether.
“The change in location reflects the Forum’s priority of safeguarding the health and safety of participants and the host community. After careful consideration, and in light of the current situation with regards to Covid-19 cases, it was decided that Singapore was best placed to hold the meeting,” read a WEF statement on Monday.
A separate virtual event, called “The Davos Agenda”, has also been scheduled for January 25-29, the original date set for the annual meeting. It will aim to “rebuild trust and shape the principles, policies and partnerships needed for 2021”.
The only other time that WEF has staged its annual meeting outside of Switzerland was in 2002. That year it was held in New York out of solidarity for the city struck by the 9/11 terrorist attack months earlier.
Last week, Swiss parliamentarians wrote to Economics Minister Guy Parmelin, warning of hundreds of job losses if WEF was not held in Switzerland.
The flagship WEF event contributes tens of millions of francs each year to both Davos and the Swiss economy as a whole. Many hotels and restaurants rely on the annual influx of wealthy participants for a large slice of their income.
You Might Also Like
New Geneva platform to ‘anticipate societal changes’
2020-07-09
A new international platform is to be launched in Geneva to anticipate the effects of societal changes amidst the Covid-19 crisis, Swiss President Simonetta Sommaruga said on Wednesday.
Inside Geneva: World trade at a crossroads
2020-07-09
In this episode of our Inside Geneva podcast, we look at the role of the World Trade Organization as it chooses a new leader amid challenging times.
Swiss government wants extra CHF770 million to tackle coronavirus
2020-08-13
The Swiss government has asked for an extra CHF770 million ($841 million) in funds to tackle the coronavirus fallout. This comes on top of the CHF31 billion in bailout funds approved by parliament since March.
Families face large differences in tax rates across Switzerland
2020-08-18
A comparison of tax rates across different cantons and cities found that Zug – home to many multinational companies – offers the most attractive tax regime for families.
Swiss-UK financial services pact antidote to EU intransigence
2020-09-12
Switzerland and Britain are thrashing out a post-Brexit financial services treaty that is being billed as a global standard for common sense. It also takes aim at perceived EU inflexibility that has seen the Swiss stock market frozen out of European markets.
Paternity Leave: ‘Nobody is talking about the indirect costs’
2020-09-19
Switzerland doesn’t need two weeks of paternity leave, says Radical-Liberal politician Yasmine Bourgeois. The mother of three says if the proposal is accepted on September 27, left-wing groups will keep asking for more and more.
Do the WTO and the 1972 Free Trade Agreement guarantee Swiss access to the EU market?
2020-09-20
The authors of a popular initiative to limit immigration to Switzerland from the 27-nation European Union say a “yes” vote will not affect Swiss businesses’ access to the EU market. A fact check shows the claim to be misleading.
Swiss select ex-central banker for OECD top post
2020-10-30
The Swiss government has nominated Philipp Hildebrand, a former head of the country’s central bank, to lead the Organisation for Economic Co-operation and Development (OECD).
Tags: Featured,newsletter,Politics