Published: Mon, January 22, 2018
Money | By Armando Alvarado

Armenia PM to participate in World Economic Forum in Davos

Armenia PM to participate in World Economic Forum in Davos

The president of the has urged to collaborate with other countries, just days ahead of an expected appearance by the US president at the economic conference in Davos, Switzerland.

Among the world leaders, US President Donald Trump shall register his presence to deliver the concluding address.

Yet there is a nagging fear among many in Davos that the brighter economic outlook could turn out to be little more than a mirage if the daunting array of geopolitical threats - from protectionism and climate change to cyber attacks and outright war - gather pace in 2018.

In an attempt to promote Indian culture and traditions overseas, two yoga instructors from India will accompany the Indian Prime Minister Narendra Modi's delegation to the World Economic Forum at Davos, Switzerland. The motto is in direct contrast to US President Donald Trump's "America first" policy which also involves large-scale protectionism and isolationist security policies.

Davos officials said in a statement Monday that "the extremely tight space situation due to the enormous amount of new snow doesn't allow for a rally in the coming days".

General Aldo Schellenberg told The Associated Press that the number was not changed following the announcement that Trump would be the first serving president USA president to attend in almost 20 years.

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Many in Britain - including the mayor of London - have said Trump is not welcome there and speculated that he canceled his visit out of fear of widespread protests. But the government shutdown has put that on hold unless a deal can be reached.

The founder of the World Economic Forum says he hopes President Donald Trump's planned visit to Davos this week will "provide him even better with a global perspective", and says critics of the US leader should hear him out.

Nasr, referring to former president Barack Obama's decision to decline attending the event (Nasr served in the Obama administration as senior adviser to U.S. Ambassador Richard Holbrooke), said, "It was understood that he didn't want to be associated too closely with the 1 percent".

More than 60 heads of state and government, plus hundreds of business leaders, academics, civil society advocates and celebrities are meeting in Davos from Tuesday to Friday, an event featuring roughly 400 debates and panels on topics like action on the environment, the outlook for Africa, and ways that refugees can contribute to their host countries.

When he speaks in Davos on Wednesday, the former investment banker will offer his own "diagnosis" of globalisation and set out a vision for addressing widening inequalities, global warming and the rise of nationalism, his advisers say.

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