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WEF Confirms Investigation Into Claims Against Founder
Mint Mumbai
|April 24, 2025
No explanation was initially provided for Klaus Schwab's sudden resignation Monday
The World Economic Forum (WEF) confirmed Wednesday that it has launched an investigation into allegations made against its founder Klaus Schwab that reportedly prompted his resignation this week.
In a statement confirming a report by The Wall Street Journal, the World Economic Forum said its board of trustees "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".
Schwab denies the claims, the paper added.
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FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Union Bank of India Q4 profit rises 6.6%
State-owned Union Bank of India On Thursday reported a 6.64% rise in standalone profit after tax (PAT) to ₹5,316 crore for the three months ended 31 March.
1 min
April 24, 2026
Mint Mumbai
An elephant and horse fable that cannot be told aloud
Imagine a marketplace for domesticated animals.
3 mins
April 24, 2026
Mint Mumbai
Who will win India's great handbag race?
Each designer wants to create a bag as iconic and timeless as the Birkin.
4 mins
April 24, 2026
Mint Mumbai
Nippon Life India to settle Yes Bank case
Nippon Life India will pay ₹96.46 crore to settle warding high-risk Yes Bank bonds.
1 min
April 24, 2026
Mint Mumbai
Heineken India sees single-digit growth
Dutch brewing major Heineken NV, which owns United Breweries Ltd (UBL), on Thursday said revenue at its India business grew in the low single digits in the first quarter of 2026.
1 min
April 24, 2026
Mint Mumbai
Paramount secures Warner nod for $111-bn acquisition
The deal still faces ongoing regulatory reviews, including from the US department of justice
2 mins
April 24, 2026
Mint Mumbai
Block, bulk deals top ₹1 tn in 2026 as M&A engine slows
Major transactions include stake sales in Vishal Mega Mart and Anthem Biosciences
3 mins
April 24, 2026
Mint Mumbai
Philadelphia's big year: Sport, culture, and the art of the long stay
If you follow the FIFA World Cup closely, love an underdog story like Rocky, or have always wanted to experience a classic American summer, Philadelphia in 2026 brings all of that together.
2 mins
April 24, 2026
Mint Mumbai
IPO in mind, M2P Fintech hires Vivek Seshadri as CFO
Chennai-based M2P
1 mins
April 24, 2026
Mint Mumbai
Tesla surprises Wall Street with better profits, $1.4 billion in free cash flow
Tesla reported better revenue and earnings in the first quarter—and surprised Wall Street with positive free cash—when compared with last year’s period.
2 mins
April 24, 2026
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