News

Founder Klaus Schwab to step down as World Economic Forum's chair

Schwab said the forum, which convenes annual gatherings in the Swiss resort of Davos, must recover its "sense of mission" after a period of turmoil, the Financial Times first reported, citing a letter to trustee board members and confirmation by two people with knowledge of the situation. He did not give a timeline for his departure from the organisation, but the WEF said in a statement to the FT that the process should be completed by January 2027. Schwab will remain in this role until a successor is appointed, the WEF spokesperson told Reuters, without providing a timeline.

3 Value Stocks Facing Headwinds

Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices. But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.

What to know about the Trump tariffs upending global trade and markets

These tariffs – which can run as high as 50% -- are meant to punish countries for trade barriers that Trump says unfairly limit U.S. exports and cause it to run huge trade deficits. Even countries with which the U.S. enjoys trade surpluses – meaning it sells to them more than it buys, such as the United Kingdom and Argentina – are being targeted with a minimum tariff of 10%. And the highest tariffs are landing on two tiny territories that trade little with America — the African kingdom of Lesotho and the French possession of Saint Pierre and Miquelon off Canada's Atlantic coast.