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World Economic Forum to open in Davos
Wed, 26 Jan 2011 07:49:00 GMT
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The 41st annual World Economic Forum aimed at fighting global financial problems, is set to open in the Swiss mountain resort of Davos.

The five-day conference, which begins on Wednesday, will focus on issues such as the European debt crisis, financial instability in the West, social unrest and rising inflation.

It will also discuss the global shift in economic and political power towards emerging giants like China, India, Brazil and South Africa.

Participants will also discuss renewable energy plans and the global policy agenda for 2011.

Some 2,500 political and business leaders from around the world including 35 heads-of-state are due to attend the annual meeting.

Russian President Dmitry Medvedev is to deliver the event's opening speech.

He was earlier reported to have postponed his visit, following a deadly attack on a Moscow airport. However, organizers say he is expected to go ahead with the trip as scheduled.

At least 35 people were killed and 76 others injured in the explosion at Moscow's Domodedovo International Airport late on Monday.

The attack was strongly condemned by the international community.

No group or individual has yet claimed responsibility for the assault, but some reports have pinned the blame on separatists fighting guerilla wars against Russia in the North Caucasus region.

Police are now said to be working round-the-clock to establish the bomber's identity.

Monday's attack resembles the March 29, 2010 explosions in the Moscow metro. The double bombings, carried out by two female bombers, left 40 people dead and more than 100 others injured.

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