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)
TRUMP’S DAVOS COMMENTS REIGNITE DEBANKING CONTROVERSY
“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
Shakira Acquitted of Tax Fraud in Spain, Will Be Reimbursed $64 Million: Singer Says She’s Spent Eight Years ‘Enduring Campaigns to Destroy My Reputation’
After an eight-year court battle, a Spanish court has ordered the country’s treasury to refund nearly $65 million to singer Shakira after ruling that the money was improperly collected.
The country’s high court has acquitted the Colombian singer of tax fraud and ordered the treasury to repay the money to her, with interest. In the ruling, the court said that tax authorities failed to prove Shakira had spent 183 days in Spain in 2011, effectively making her a resident and liable for personal income tax. The court ruled instead that she had spent just 163 days in the country during that financial year.
The country’s tax agency said it would appeal to the Spanish Supreme Court, and would make no payment until the final ruling.
In a lengthy statement following the ruling, Shakira said: “After more than eight years of enduring brutal public targeting, orchestrated campaigns to destroy my reputation, and sleepless nights that ultimately impacted my health and my family’s well-being, the National High Court has finally set the record straight. There was never any fraud, and the Administration itself could never prove otherwise, simply because it wasn’t true.
“Yet, for nearly a decade, I was treated as guilty. Every step of the process was leaked, distorted, and amplified, using my name and public image to send a threatening message to the rest of the taxpayers.
“Today, that narrative crumbles, and it does so with the full force of a court ruling. My greatest wish is that this ruling sets a precedent for the Treasury and serves the thousands of ordinary citizens who are abused and crushed every day by a system that presumes their guilt and forces them to prove their innocence at the cost of economic and emotional ruin. This victory is dedicated to them.”
The news comes just days after Shakira was announced as a halftime performer, along with Madonna and BTS, during the half-time show at this summer’s Fifa Men’s World Cup final. Earlier in May, she performed for an estimated 2 million people at a free concert on the Copacabana beach in Rio de Janeiro.
World
Bodies of four missing Italian divers found inside ‘shark cave’ in Maldives days after they vanished
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Rescuers located the bodies of four Italian divers deep inside an underwater cave in the Maldives, days after the group vanished during a dangerous dive far beyond recreational limits, Italy’s Foreign Ministry said Monday.
Officials said Finnish cave-diving specialists found the bodies in the innermost section of the cave system in Vaavu Atoll, where the divers disappeared Thursday while exploring at a depth of about 160 feet. The recreational diving limit in the Maldives is 98 feet.
“As was previously thought, the four bodies were found inside the cave, not only inside the cave but well inside the cave into the third segment of the cave, which is the largest part,” Maldives government spokesman Ahmed Shaam said, adding the victims were found “pretty much together.”
The Thinwana Kandu cave system where the bodies were found is known locally as “shark cave.”
RESCUE OPERATION FREES INJURED MAN TRAPPED 130 FEET UNDERGROUND IN ITALIAN CAVE
Monica Montefalcone, one of five Italian scuba divers who died near Alimathaa in the Maldives archipelago while exploring an underwater cave, is shown in this undated photo released by Greenpeace Italia on May 15, 2026. (Greenpeace Italia/AP)
Recovery crews plan to retrieve two bodies Tuesday and the remaining two the following day, officials said.
The discovery came after authorities resumed the search following the death of a Maldivian military diver involved in the rescue mission. Mohamed Mahdi died Saturday from decompression sickness after attempting to reach the trapped divers.
Mohamed Mahdi, a member of the Maldivian National Defense Force, died from decompression sickness during the dangerous mission, officials said. (Maldives National Defense Force)
A fifth Italian diver, identified earlier as a diving instructor, was previously found dead outside the cave.
BAGPIPER DIES DOING POPULAR VACATION ATTRACTION DAYS BEFORE MISSING SON’S REMAINS FOUND IN BACKYARD TREEHOUSE
The specialized Finnish team used advanced closed-circuit rebreather systems, allowing for longer and deeper dives in the cave’s confined environment.
Divers prepare to search for four missing Italian divers near Alimathaa Island, Vaavu Atoll, Maldives, on May 15, 2026. (Maldives President’s Media Division/AP)
Rough seas and hazardous underwater conditions repeatedly delayed search efforts as crews mapped and marked the cave entrance before pushing deeper inside.
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Authorities continue to investigate the situation and what led to the divers’ deaths.
The Associated Press contributed to this report.
World
‘Feminist’ top diplomat Kallas takes aim at male-dominated diplomacy
Published on •Updated
The bloc’s foreign policy chief Kaja Kallas has criticised the overwhelmingly male nature of peace negotiation teams, linking it to contemporary diplomacy’s tendency toward short-term results.
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“This is a bigger problem we see around the world with different peace talks when we see that they don’t actually address the issues of long-standing peace,” she said at a press conference in Tallinn, Estonia on Sunday.
The ceasefires many talks yield, she said, too often simply declare hostilities over without resolving the “underlying issues” that perpetuate future violence.
Another problem, she said, is the lack of female input.
“There are also studies that show that when women are part of the negotiations, these peace (efforts) last longer,” Kallas expanded, adding that “the picture that we saw from the US China talks, (was) a lot of masculinity in the room”.
“Women have a role,” she said.
Various studies and international bodies, including the UN Security Council, argue that women’s participation in conflict resolution improves outcomes, but mediators and negotiating parties often leave women out of their teams.
According to data compiled by the Council on Foreign Relations, women represented only 16 percent of negotiators in active peace processes led or co-led by the United Nations in 2022.
Security and defence analyst Iana Maisuradze of the European Policy Centre think tank argues that the EU is a firm supporter of the UN resolution calling for more female participation during conflict resolution – and that it is not “sexist argument” to believe that women are beneficial to negotiations. She told Euronews the data backs this up.
“The argument is that women focus on things that male-dominated negotiators are not focusing on such as education, health, victims’ rights, social reconciliation (and) community: things that really bring people together rather than a zero-sum game, which men tend to do,” Maisuradze said.
“Having women at table works because we also bring different perspectives to the resolution of the conflict, and also to the implementation of peace agreements.”
A seat at the table
Kallas’ comments came amid wider chatter in the Belgian capital regarding whether the EU should have a seat at the table for negotiations between Russia and Ukraine – and who should represent the bloc if so.
Putin recently floated appointing former German Chancellor Gerhard Schröder as the EU’s lead negotiator in potential peace talks on Ukraine. This notion was widely dismissed by European heads of state, and the discussion of who Europe’s mouthpiece should be continues.
Diplomatic sources in Ukraine have said that Russia would “never” accept a woman as lead negotiator.
A diplomatic source in Brussels reiterated this, saying there is no possibility a female figure is being considered as part of the discussions. But another source in the Belgian capital told Euronews that “equality is an important factor”.
Regardless of their differences on the gender issue, most EU officials argue that appointing any envoy before a major European Council (EUCO) summit in June could be unrealistic.
European Commission spokesperson for foreign affairs Anitta Hipper said in response to a question by Euronews on Monday that Kallas is a “feminist” and “has a lot of practice back home”. She was the first female prime minister of Estonia from 2021 to 2024.
Hipper said the Commission could not comment on whether Russia would want a woman at the table, but reiterated that European heads of state will meet in Limassol in Cyprus in the coming weeks to discuss what form any future talks with Ukraine, Russia and Europe might take before June’s EUCO.
“What will be discussed is what our position is in terms of the demands and the ask and what unity we have in demanding our lists of asks from Russia,” Hipper said.
“This is something that we will be looking into – into the what, and not into the who.”
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