BUSINESS

Davos Meet Founder Klaus Schwab Steps Down From WEF Board

Klaus Schwab was the driving force behind the World Economic Forum becoming an annual gathering of the world's rich and powerful
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.
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The 25th US president, William McKinley, seen here on a 1956 US Treasury note, is an inspiration for Trump's protectionist policies

Major Trade Wars Since The 19th Century

As the world reels from US President Donald Trump's tariffs onslaught, here is a look back at some major trade wars since the 19th century: - 19th century Opium Wars - In the mid-19th century, two conflicts over the opium trade, which became known as the Opium Wars, pitted China against the British Empire.
The global pandemic caused stock markets around the world to crash in 2020

The Worst Market Crashes Since 1929

Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis.
The Bitcoin cryptocurrency has had a rocky ride since launching in 2008, and support from world leaders such as US President Donald Trump could do it more harm than good

Political Support Leading To Increasing Fallout For Crypto

Support for cryptocurrencies from US President Donald Trump or Argentine leader Javier Milei has seen investors lose billions of dollars and is damaging a sector struggling for credibility, researchers told AFP. "The entire crypto industry is being tarnished," said Claire Balva, strategy director for fintech company Deblock.
Trump said this month the United States was in talks with four groups interested in acquiring TikTok

Trump Says Confident Of TikTok Deal Before Deadline

President Donald Trump said Sunday he was confident of reaching a deal on TikTok ahead of the April 5 deadline for its Chinese owner ByteDance to sell the popular short video app or see it banned in the United States.

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