Billionaire wealth surged by $2 trillion in 2024, growing three times faster than the previous year, as global inequality widened, Oxfam reported during Davos. The group warns of a "new aristocracy," with at least five trillionaires expected by 2034.

Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.

His second term heralds the demise of the pro-trade internationalist ethos that the WEF has long revered. Read more at straitstimes.com.

Together with our colleagues on the ground, we’ll bring you live coverage of this year’s World Economic Forum.

Donald Trump is not stepping foot in Davos this week but the head of the World Economic Forum says the new president has brought renewed interest in the annual gathering