SA business plans to boycott Trump's Davos speech

Where is Davos? Map of Switzerland town

Speaking at a youth meeting in the capital last Thursday, President Mnangagwa said the Davos trip was an opportunity for his Government to mend relations with world and market the country as a competitive investment destination.

The key message that Mr Modi wants to deliver in Davos is that India is ripe for and open to more global investment.

Schwab said he wasn't anxious that weather would prevent attendees from coming to the event, which officially starts on Tuesday.

The World Economic Forum draws top politicians and business leaders from around the globe. The motto is in direct contrast to US President Donald Trump's "America first" policy which also involves large-scale protectionism and isolationist security policies. The last time a US president graced the occasion was when former president Bill Clinton attended it in 2000.

Indian Prime Minister Narendra Modi's delegation to the World Economic Forum at Davos will offer yoga classes on the icy slopes, the foreign ministry said on Friday, the latest high-profile attempt to promote India's traditions overseas.

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Mick Mulvaney, director of the Office of Management and Budget, said at a press briefing on Saturday that a final decision hasn't been made on whether Trump will travel as planned, given the federal government shutdown that began overnight.

"We will practically have a European summit in Davos; we will have 40 heads of state and government coming from Europe and Eurasia", Brende said, noting that "all the Bretton Woods heads and UN Secretary General Antonio Guterres" would also attend the meeting starting Monday night.

Klaus Schwab couldn't confirm whether Trump will actually attend the WEF event in the Alpine snows on Friday, as scheduled, because of the US government shutdown. "They will want details on his plans but he will be able to provide them", he said.

Criticised in past years for not representing women, the WEF appointed seven female co-chairs this year, including Christine Lagarde, the head of the International Monetary Fund (IMF) and Ginni Rometty, the chief executive of IBM.

A lot of focus is expected on what Trump says and what would be the response of other world leaders, including from Germany, France and the UK.

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