World Economic Forum pushes annual Davos summit to summer 2021

The World Economic Forum (WEF) announced on Wednesday that the 2021 meeting, initially scheduled for January 2021, has been rescheduled out of an abundance of caution regarding COVID-19.

"The decision was not taken easily, since the need for global leaders to come together to design a common recovery path and shape the 'Great Reset' in the post-COVID-19 era is so urgent. However, the advice from experts is that we cannot do so safely in January," the WEF said in a statement.