Sources: Xinhua
The United States Department of Justice announces that the Swedish-Swiss corporation ABB has acceded to a US$315-million fine for violating the Foreign Corrupt Practices Act by extorting the South African state-owned public utility Eskom to secure government contracts from 2014 to 2017. 2022-12-2
Leaked data from Credit Suisse exposes the identities of over 30,000 of the bank's clients whose anonymous numbered Swiss bank accounts, which collectively held over $100 billion, had allowed them to keep their identities secret. Its clients included heads of state (such as king Abdullah II of Jordan), human rights abusers, drug traffickers, intelligence officials, and individuals under sanctions or involved in financial crimes such as tax evasion or corruption, among others. The secret data from Switzerland's second largest bank was leaked about 1 year ago to the German newspaper "Süddeutsche Zeitung" and was analyzed by the non-profit Organized Crime and Corruption Reporting Project (OCCRP) and 46 other news organizations, including "The New York Times", "Le Monde" and "The Guardian". 2022-02-20
Various billionaires, world leaders, and investors gather in Davos, Switzerland to discuss economic issues. 2018-01-23
World leaders are meeting in Davos, Switzerland, for the World Economic Forum. 2014-01-20
A UN official on a Swiss television station says the UN has "concrete" suspicions that the rebels have used Sarin gas. The UN later released a statement in response stressing that it has not reached any official conclusions, and has yet to have acquired proof that either side used chemical weapons. 2013-05-6
At the World Economic Forum in Davos, British Prime Minister David Cameron, whose economy would be severely affected, denounces the Tobin tax under consideration in the European Union. 2012-01-27
Burma's pro-democracy leader Aung San Suu Kyi addresses the World Economic Forum in Davos, Switzerland. 2011-01-29
A small explosion occurs in the basement of a hotel in Davos, Switzerland, close to where the World Economic Forum is taking place. No one is injured and a boiler is blamed. 2011-01-27
Reform of the banking system was one of the key themes at this year’s World Economic Forum in Davos. European Parliament Vice-President Silvana Koch-Mehrin said "There was general disapproval of the disproportionate self-rewarding in the banking sector". 2010-02-8