The Latest Breaking News from Davos

The People’s Bank of China will lower re-lending and re-discount interest rates; Japan's TEPCO to partially restart world's biggest nuclear power plant

Geoeconomic confrontation — ranging from sanctions to tariffs — is the top threat, found the World Economic Forum (WEF)'s Global Risks Report on the eve of its annual meeting gathering the world's business and political elites, set to take place in Davos next week.

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Many world leaders and top companies will attend the World Economic Forum's annual meeting

Newly released emails from the U.S. House oversight committee reveal Jeffrey Epstein privately encouraged a business associate to meet Andrew Windsor, calling the former duke "great fun."

Months before COVID-19 was declared a pandemic, efforts were already underway to ensure low-income countries would get access to future vaccines against the infection. The book "Fair Doses" tells that story and discusses the ongoing fight for vaccine equity around the world.

Marsh McLennan Companies, Inc. (NYSE:MMC) has formed a strategic knowledge partnership with Bloomberg Media to power select marquee Bloomberg events, including the New Economy Forum, Qatar Economic Forum, and Bloomberg House at Davos.

An investigation conducted by the World Economic Forum's board on Friday cleared the body's founder Klaus Schwab and his wife of wrongdoing, after a probe into whistleblower complaints.

Schwab started the WEF, which transformed Davos into a hub of networking and diplomacy, in 1971.

The WEF board said in the statement that it had accepted Schwab's resignation

The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.