World
World Economic Forum greenlights new investigation into whistleblower claims against founder Klaus Schwab
The World Economic Forum – the globalist body that hosts its annual gathering of elites in Davos, Switzerland – is supporting an independent investigation into whistle-blower allegations brought against its founder, Klaus Schwab, Fox News Digital has confirmed.
The whistleblower complaint was first reported by the Wall Street Journal on Tuesday, a day after Schwab, 87, stepped down as chairman and as a member of the Board of Trustees, effective immediately.
According to the Journal, an anonymous whistleblower penned a letter to the board – which includes former Vice President Al Gore, Jordan’s Queen Rania and European Central Bank President Christine Lagarde as members – alleging financial and ethical misconduct by Schwab and his wife, Hilde. The claims included that Schwab allegedly tapped subordinates to withdraw thousands of dollars from ATMs on his behalf and used WEF funds to pay for private, in-room massages at hotels.
WORLD ECONOMIC FORUM FOUNDER KLAUS SCHWAB STEPS DOWN FROM GLOBALIST BODY’S BOARD
World Economic Forum (WEF) founder Klaus Schwab speaks at the Annual Meeting of World Economic Forum in Davos, Switzerland, on Tuesday, Jan. 21, 2025. (AP Photo/Markus Schreiber, file)
The letter reportedly also alleged his wife, a former WEF staffer, arranged “token” meetings funded by the forum to rationalize luxury holiday travel on the organization’s tab.
A spokesperson for the Schwab family denied all allegations about luxury travel and withdrawing money, telling the Journal that Klaus Schwab would always pay the forum back for any massages charged to hotels while traveling. The spokesperson also told the Journal that the family plans to file a lawsuit against whoever was responsible for the whistle-blower letter and “anybody who spreads these mistruths.”
The Journal reported that the board convened an emergency meeting on Easter Sunday about the whistle-blower allegations to consider a course of action.
“The Board of Trustees of the World Economic Forum unanimously supported the Audit and Risk Committee’s decision to initiate an independent investigation following a whistleblower letter containing allegations against former Chairman Klaus Schwab,” the WEF said in a statement obtained by Fox News Digital. “This decision was made after consultation with external legal counsel and in line with the Forum’s fiduciary responsibilities.”
“The investigation will be led by the Audit and Risk Committee with the support of independent legal experts,” the statement continued. “The Committee will move expediently to determine its processes and parameters and will share its progress with the Board. While the Forum takes these allegations seriously, it emphasizes that they remain unproven, and will await the outcome of the investigation to comment further.”
President Donald Trump during his address by video conference at the World Economic Forum (WEF) annual meeting in Davos on Jan. 23, 2025. (FABRICE COFFRINI/AFP via Getty Images)
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“Under the interim chairmanship of Peter Brabeck-Letmathe and the continued leadership of President and CEO Børge Brende, the Forum remains fully committed to its mission and responsibilities.”
In announcing Schwab’s departure on Monday, WEF said its board “acknowledged the outstanding achievements of the retired” Schwab.
“He created the leading global platform for dialogue and progress, and the Board expressed its gratitude for his 55 years of relentless leadership at the helm of the Forum,” the WEF said in a statement. “At a time when the world is undergoing rapid transformation, the need for inclusive dialogue to navigate complexity and shape the future has never been more critical. The Board of Trustees of the World Economic Forum underlines the importance of remaining steadfast in its mission and values as a facilitator of progress. Building on its trusted role, the Forum will continue to bring together leaders from all sectors and regions to exchange insights and foster collaboration.”
Participants follow Donald Trump’s speech during the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland on Jan. 23, 2025. (Halil Sagirkaya/Anadolu via Getty Images)
The annual meeting in Davos for years has brought together top business executives, government leaders, academics, international organizations, cultural figures, sports legends and celebrities for conversations on world economic affairs.
President Donald Trump addressed the Davos meeting remotely in January, just three days after his inauguration.
“What the world has witnessed in the past 72 hours is nothing less than a revolution of common sense,” Trump said, speaking of his plan to begin a “Golden Age” for America. “Our country will soon be stronger, wealthier and more united than ever before, and the entire planet will be more peaceful and prosperous as a result of this incredible momentum and what we’re doing and going to do.”
World
Google puts AI agents at heart of its enterprise money-making push
World
Landlords allegedly posting ‘Muslim-only’ apartment ads in violation of country’s equality act: report
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Some landlords in England are apparently advertising “Muslim-only” apartments online, according to a local media report.
An investigation by The Telegraph found that alleged listings posted in London on Facebook, Gumtree and Telegram feature phrases such as “only for Muslims,” “for 2 Muslim boys or 2 Muslim girls,” and “Muslims preferred.”
Other ads appeal to Punjabi and Gujarati speakers, while some job vacancies on the platforms are advertised for men only.
Some listings specify “Hindu only,” in addition to posts that likely use religious subtext by stating: “The house should be alcohol and smoke-free.”
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On Facebook, a company called Roshan Properties posted dozens of listings stating “prefer Muslim boy,” “one double room is available for Muslims,” and “suitable for Punjabi boy.” A Meta spokesman told Fox News Digital that Facebook then removed the company’s page “for violating the platform’s policies on discriminatory practices.”
Apartment buildings in Westminster, London, U.K. (John Keeble/Getty Images)
The ads run afoul of Britain’s Equality Act 2010, which prohibits discrimination based on religion or belief, race and other protected characteristics.
“These adverts are disgusting and anti-British. It goes without saying that there would be a national outrage if the tables were turned,” Robert Jenrick, Reform UK’s economic spokesman, told The Telegraph. “All forms of racism are unacceptable, and no religious group should get a special exemption to discriminate in this way.”
Houses and properties line Cheyne Walk in Chelsea, London, U.K. Some landlords in the city are illegally advertising for “Muslim only” tenants across the city, an investigation by The Telegraph has found. (Richard Baker/In Pictures via Getty Images)
One landlord told The Telegraph to “go away” when asked about an ad for a “Muslims only” room for $1,150, and whether it was available to renters of other faiths.
A spokesperson for Gumtree told the newspaper that the company has clear policies in place that prohibit unlawful discrimination.
On Facebook, a company called Roshan Properties posted dozens of listings stating “prefer Muslim boy,” (Al Drago/Bloomberg via Getty Images)
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“We take reports of inappropriate listings very seriously,” the spokesperson said. “The ads referenced appear to relate to private rooms within shared homes, where existing occupants may express preferences about who they live with. This is different from renting out an entire property, which is subject to stricter rules under the Equality Act.”
Telegram did not immediately respond to Fox News Digital’s request for comment.
World
Is Europe too late to the metal recycling game?
Europe’s critical raw materials crisis has a partial answer sitting in the waste stream — but the continent has been too slow to see it.
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Dorota Włoch, CEO of Eneris Surowce, was direct: recycling is no longer optional.
Unlike plastics, metals can be recovered and reused indefinitely, making urban mining — the recovery of raw materials from existing products and waste — increasingly valuable, particularly for batteries.
“From recycling, we recover metallic aluminium and so-called black mass, which is a concentrate of metals, mainly cobalt-nickel. These are some of the most valuable battery metals. And batteries are crucial today, not only in the automotive sector, but also in storing energy from renewable sources such as wind and solar,” she said.
‘Europe is 25 years late’
Włoch put the scale of the problem plainly. “Deposits are critical — any machine can be bought, but natural resources are not. They are non-transferable and non-renewable. If we use them, they simply disappear,” she said.
Europe’s belated recognition of that reality has cost it dearly.
“The regulation of critical raw materials came 25 years after other regions of the world had invested heavily in deposits. Europe was too passive. Today we are catching up, but the regulations are often so demanding that countries like Poland have difficulty implementing them.”
Who benefits most from extraction?
Poland holds significant reserves of raw materials critical to the modern economy, such as copper, coking coal, nickel, platinum group metals, helium, rhenium, lead and silver.
But the minerals needed most for the energy transition, such as lithium, cobalt and graphite, exist only in limited quantities, forcing imports.
Arkadiusz Kustra, dean of the faculty of civil engineering and resource management at AGH University of Science and Technology in Kraków, told a panel at the European Economic Congress that awareness of the full supply chain, and who profits from it, was now essential.
He pointed to Serbia as a case study.
“Serbia has lithium deposits and is already in talks with Mercedes or Stellantis,” he said. Belgrade is using that leverage to attract investment in battery factories and car plants, keeping more of the value chain at home.
The goal, Kustra argued, should be regional supply chains that retain added value locally.
“You can earn the least at the beginning and the most from the end customer,” he said.
The bigger obstacle is Chinese dominance.
“Margins in critical raw materials largely go to the Chinese, who control more than 90% of processing and trading, even though they do not own most of the deposits,” he said.
In the Democratic Republic of Congo — among the world’s most resource-rich countries — Chinese entities control around 90% of deposits.
The panel also pointed to growing interest in new supply partnerships, with Poland eyeing assets in the Congo region and the Americas.
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