The World Economic Forum has cancelled its 2021 annual meeting, that was set to take place in Singapore in August.

The gathering of business and political leaders normally takes place in Davos, but the pandemic caused the summit to be shifted to the Asian financial hub.

Now the international NGO – has declared the meeting won’t go ahead.. due to “an uncertain travel outlook, differing speeds of vaccination rollout and the uncertainty around new variants…”

It would have been the first time the annual meeting had ever been held in Asia – and just the second time outside of Davos.

The next Annual Meeting will take place in the first half of 2022, in a location that is yet to be determined.