The World Economic Forum (WEF) has decided to postpone its annual Davos meeting, initially slated for January 2021. This decision comes in response to the continuing challenges posed by the coronavirus pandemic.

Organizers are now aiming to hold the event in early summer 2021. However, the precise timing and location remain uncertain. The WEF will make a final determination after assessing the safety and travel conditions later in the year.

The WEF emphasized that the health and safety of participants and the host community are paramount. They are closely monitoring the situation and will adapt their plans accordingly.