World Economic Forum to hold 2022 annual meeting in Davos in May

BY Reuters | ECONOMIC | 01/21/22 09:50 AM EST

ZURICH (Reuters) - The World Economic Forum will hold its 2022 annual meeting in the Swiss mountain resort of Davos from May 22-26, the Geneva-based group said on Friday.

The WEF had in December postponed the event for the business and political elite a month before it was due to take place, citing the difficulties of holding such an in-person conference amid the spread of the Omicron coronavirus variant.

"After all the virtual meetings taking place in the last two years, leaders from politics, business and civil society have to convene finally in person again," WEF founder and Chairman Klaus Schwab said in a statement.

"We need to establish the atmosphere of trust that is truly needed to accelerate collaborative action and to address the multiple challenges we face."

Topics on the agenda will include the pandemic recovery, tackling climate change, building a better future for work, accelerating stakeholder capitalism, and harnessing the technologies of the fourth industrial revolution, it said.

The WEF will coordinate closely with the Swiss government on the public health situation, it said, adding the meeting would take place as long as conditions were in place to guarantee the health and safety of participants and the host community.

(Reporting by Michael Shields; Editing by Alex Richardson)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article