Davos post­poned un­til next sum­mer

The Daily Telegraph - Business - - Front Page - By Lizzy Bur­den

THE an­nual Davos gath­er­ing of the su­per-rich has been post­poned for around six months amid fears at­ten­dees could be in­fected by Covid-19.

Or­gan­is­ers of the World Eco­nomic Fo­rum sum­mit in the Swiss alpine town have fi­nally given in af­ter ini­tially re­fus­ing to al­ter their timetable in the face of the pan­demic. It is now be­ing moved from Jan­uary to an un­con­firmed date in early sum­mer and could be at a dif­fer­ent lo­ca­tion.

Davos at­tracts busi­ness chiefs, oli­garchs and world lead­ers ev­ery year to dis­cuss how to save cap­i­tal­ism and end poverty, in a moun­tain town pa­trolled by thou­sands of armed Swiss sol­diers.

Some 119 bil­lion­aires at­tended this year’s gath­er­ing to hear key­note speak­ers in­clud­ing US pres­i­dent Don­ald Trump and the Swedish teenage eco-cam­paigner Greta Thun­berg.

In June, the WEF an­nounced plans to host a par­al­lel vir­tual sum­mit fo­cus­ing on how to re­build the global econ­omy af­ter the Covid pan­demic sub­sides.

Its or­gan­is­ers had dubbed next year’s gath­er­ing “the great re­set”.

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