DAVOS 2019

Microsoft's CEO Satya Nadella at the annual meeting of the World Economic Forum in Davos on Tuesday (AP)

Sunil Bharti Mittal is the first business leader to sign the 'Digital Declaration'. (Bloomberg)

George Soros said social-media companies Facebook and Google “deliberately engineer addiction to the services they provide.” Photo: Bloomberg

FILE PHOTO: Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville. (Reuters)

A WEF logo stands on the wall of a session hall inside the Congress Center, the venue for the World Economic Forum (WEF), in Davos (Bloomberg)

With only 20% of the electronics and plastics formally recycled each year, this looming health and environmental catastrophe also represents a unique $62 billion economic opportunity. (AP)

Trade wars and the outlook for China are major themes in Davos this week (Reuters)

WEF organisers insist they are making the annual forum environmentally sustainable, offsetting the carbon emissions generated by private aviation as much as possible through their own initiatives on the ground. Photo: Reuters

Davos delegates echoed that view about a decade after visitors to the Swiss alpine retreat failed to predict the 2009 recession. (Photo: AP)

Beijing delivered about 1.3 trillion yuan of cuts in taxes and fees in 2018. (Bloomberg)

Attendees are seen during the World Economic Forum annual meeting in Davos, Switzerland (Reuters)

FILE PHOTO: Logo of Saudi Aramco (Reuters)

Attendees are seen during the World Economic Forum annual meeting in Davos, Switzerland (Reuters)

From left: Blackstone CEO Stephen A. Schwarzman, Sinochem Group chairman Ning Gaoning, former RBI governor Raghuram G Rajan and Bank of America CEO Brian T. Moynihan during the annual meeting of the World Economic Forum in Switzerland on Tuesday (AP)

A file photo of Microsoft CEO Satya Nadella. Photo: Abhijit Bhatlekar/Mint

IMF chief economist Gita Gopinath. Photo: Ramesh Pathania/Mint

Construction workers build a temporary pavilion in front of Hotel Belvedere in Davos, Switzerland. (Reuters)

Bolsonaro will carry the most crucial plan to tackle a budget deficit that hovers around 7% of gross domestic product — a draft proposal to cut pension outlays and save as much as 1 trillion reais over 10 years. (AP)