World Economic Forum's Davos Summit postponed due to Omicron

The World Economic Forum (WEF) has deferred its annual summit, which is usually held in Switzerland's Davos, until mid-2022, Sky News reported on Monday citing communication from organisers. The Davos Summit was planned to be held in January 2022 but has been postponed amid rising Omicron cases globally. The annual summit is a gathering of global business and political leaders.