BREAKING NEWS

World Economic Forum opens with plenty of ideas

By ASSOCIATED PRESS

JANUARY 26, 2011 07:19

Buoyed by a burst of optimism about the global economy — and mindful of the "new reality" that has framed it in the aftermath of the financial crisis — some 2,500 business leaders, politicians and social activists will tackle an array of issues on the first day of the World Economic Forum.

This year's annual meeting in the picturesque Alpine town of Davos takes on several issues ranging from concern over China's growing clout, simmering anxieties about Europe's debt crisis and whether the financial crisis that has wrought layoffs, cutbacks and austerity measures has exited from the worst stages.

The five-day meeting starts Wednesday and will feature a keynote address by Russian President Dmitry Medvedev who postponed his planned arrival by a day after a suicide bombing killed 35 people in his country's busiest airport amid lax security.

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