Theresa May to meet Wall Street Bankers

In 1971, an academic, economic and management conference chaired by Klaus Schwab called European Management Symposium began under European Management Forum in Davos.

Over the years it grew as politicians, leaders, CEOs, business executives, etc. started attending; in 1987, it became the World Economic Forum.

Global powers meet, make deals, mull over major world challenges and how to solve them at the annual meeting.

World Economic Forum (WEF) pulls together a galaxy of high-profile individuals and its theme depends on the most important and relevant issues of the day.

In 2016, the Forum's focus was on "Mastering the Fourth Industrial Revolution".

This year, the world is in turmoil as it is witnessing referendums and elections where people have taken a stand to be counted.

The referendums, elections—Brexit, Donald Trump's election, Italian public vote— reflected the fear, helplessness, and uncertainty of individuals as income inequality and unemployment increased.

This year's theme is "Responsive and Responsible Leadership".

The Forum would discuss how to ensure corporate profit growth goes hand-in-hand with inclusive development and focus on creating equitable growth so that everyone, including people, has a stake in the future.

Over 3,000 heads of business, government, and international organizations are attending the five-day annual meeting this year.

Union Ministers Nirmala Sitharaman and Nitin Gadkari, NITI Aayog's Arvind Panagariya, and Andhra Pradesh CM Chandrababu Naidu are among 100 other prominent attendees from India.

Key topics of discussion include PM Modi's demonetization, India's anti-corruption and tax reform programs and how inclusive their results could be.

The 2017 World Economic Forum (WEF) kicked off at Davos; Chinese President Xi Jinping set the tone for the five-day annual conference with an impassioned speech.

The first day focused on geopolitical shifts facing the world.

Xi delivered a strong defense of globalization saying that China would seek to usurp the US's role as the champion of free trade and open markets.

Defending Obama administration's track record at the conference, outgoing US Secretary of State John Kerry said Trump administration wouldn't quickly reverse some of Obama administration's diplomatic achievements.

He added if Trump dismantles Iran nuclear deal, other countries involved in the deal would keep the deal leaving the US "the odd-person out".

In a message to Europe, he said: "Europe's got to believe in itself."

Theresa May will meet some of Wall Street's biggest firms after banks threatened to move jobs out of UK amidst Brexit.

This week, the Britain Prime Minister will hold talks with the head of Goldman Sachs, Morgan Stanley, JP Morgan and asset manager Blackrock.

The meeting is set to happen at the World Economic Forum in Davos.