The World Economic Forum will hold its 2021 annual meeting in Singapore instead of its traditional home of Switzerland, which is battling a rising number of coronavirus infections. The high-profile gathering, which attracts leaders across government, finance and economics, will be held in the Asian financial hub May 13-16 and return to Davos-Klosters, Switzerland, in 2022, the World Economic Forum said. The meeting will also include a virtual component to allow greater participation, according to Singapore’s Ministry of Trade and Industry. Singapore was chosen because it has a relatively low rate of Covid-19 cases, and has recently started experimenting with modified versions of large-scale conference. Earlier this year, the World Economic Forum had said it would move the location of its 2021 meeting within Switzerland to the resort of Bürgenstock.