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Klaus Schwab was the driving force behind the World Economic Forum becoming an annual gathering of the world's rich and powerful

Davos Meet Founder Klaus Schwab Steps Down From WEF Board

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.
Mark Zuckerberg took direct aim at the US government's argument that he sought to neutralize rivals when his company Facebook, now Meta, bought Instagram and WhatsApp

Zuckerberg Denies Meta Bought Rivals To Conquer Them

Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.
US Federal Reserve Chair Jerome Powell, seen in early April, said Trump's tariffs could push up prices and slow growth

Trump Tariffs Could Put US Fed In A Bind, Powell Warns

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the central bank's chair said Wednesday.
Facebook CEO Mark Zuckerberg attends the inauguration of Donald Trump

Meta Faces Landmark US Antitrust Trial

Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors.
Tokyo stocks led a surge across Asian markets as traders breathed a sigh of relief after Donald Trump delayed most of his crippling tariffs

Stocks Zoom Higher As Trump Delays Painful Tariffs

Stocks rocketed Thursday as a relief rally spread through markets after Donald Trump paused crippling tariffs on US partners, with Chinese investors even brushing off his decision to ramp up duties on Beijing to 125 percent.
Donald Trump said countries were 'dying to make a deal' to avert painful tariffs

Equities Resume Selloff As Trump Cranks Up Trade War

Equities tumbled on Wednesday after US President Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent and sweeping measures against dozens of trading partners came into effect.
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.

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