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World Economic Forum cancels special annual meeting planned for Singapore in August

The event had already been rescheduled twice and had been moved to Singapore from its usual location of Davos, Switzerland

The World Economic Forum (WEF) says it has cancelled a summer version of its annual meetings that was due to take place in Singapore.

“Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of vaccination rollout and the uncertainty around new variants combine to make it impossible to realise a global meeting with business, government and civil society leaders from all over the world at the scale which was planned,” a statement from the Swiss-based organisation said on Monday (17 May).

The next annual meeting will instead take place in the first half of 2022.

Its location and date will be determined based on an assessment of the situation later this summer, it added in a statement

The event, which brings together politicians and business leaders from around the world, had already been rescheduled twice and had been moved to Singapore from its usual location of Davos, Switzerland.

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Source
CNBC
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