
Probe Substantiates Allegations Against WEF's Schwab, SZ Reports
According to excerpts seen by the newspaper, law firm Homburger found that Schwab repeatedly intervened to influence country rankings in the WEF's Global Competitiveness Report for political purposes, the newspaper reported, citing excerpts it had seen. In one 2017 email to then-managing director Richard Samans, Schwab allegedly requested that the report be withheld to avoid straining his relationship with Indian Prime Minister Narendra Modi, due to the country's poor performance in the ranking, SonntagsZeitung said. Schwab also advised against improving the UK's place to prevent it being exploited by the supporters of Brexit, the newspaper said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Three seriously injured after double-decker bus roof ripped off
One person is in critical condition and two have been left with serious injuries after a bus crash earlier today. Emergency services rushed to the junction of Barton Lane and Trafford Road in Eccles this afternoon (Monday, July 21) following the incident. The crash took place at around 3pm, with the roof of the double-decker bus ripped off after colliding with a bridge. Paramedics were quickly on the scene and 15 people were taken to hospital - with one in critical condition and two with serious injuries. Greater Manchester Police (GMP) confirmed that the road will be closed into the night and an update will be released in the morning. They have urged the public to avoid the area. The Bee Network warned of diversions an delays of around 30 minutes due to the incident. Have a story? Get in touch at A spokesperson for North West Ambulance Service said: "At 15.06 North West Ambulance Service received a call in relation to a bus collision on Barton Lane, Eccles, and declared a major incident shortly afterwards. "The trust dispatched a number of resources, including ten emergency ambulances, advanced paramedics, our Hazard Area Response Team (HART) and colleagues from North West Air Ambulance. "The first resource arrived on time at 15.10. "NWAS treated 15 patients who were all taken to Salford Royal or Manchester Royal Infirmary hospitals. READ MORE: M6: Man in 40s seriously injured in Charnock Richard crash READ MORE: Tonge Moor drink driving arrest after van crashes into cars READ MORE: Divers sent out as concerns grow for missing Cheshire woman "At 16:22 NWAS stood down from major incident status but continues to remain on scene." A spokesperson for Salford Police said: "We are currently responding to a collision between a bus and a bridge at the junction of Barton Road and Trafford Road in Eccles. "Emergency services are currently on scene as part of the ongoing work. Please avoid the area as road closures are currently in place."
Yahoo
8 minutes ago
- Yahoo
Hereditary peers make last-ditch plea to be spared in ‘ruthless purge' of Lords
Aristocrats sitting in the House of Lords have spoken of the 'deep' personal offence they feel at the Government move to boot them out and have pleaded for a late reprieve against 'the ruthless and unnecessary purge'. Hereditary peers complained they were being treated like 'discarded rubbish' and questioned what they had done to be 'shown the door in such a way'. They argued sparing existing bloodline members would be 'a statesman-like choice' and foster future goodwill. The House of Lords (Hereditary Peers) Bill, which has already been through the Commons, will abolish the 92 seats reserved for members of the upper chamber who are there by right of birth. There are currently 86 hereditary peers after the suspension of by-elections pending the legislation, the majority of whom – 44 – are Conservative. The Bill delivers on a promise in Labour's election manifesto and has been promoted as the first step in a process of reform. During its passage through the Lords, peers backed a change proposed by the Tories to block the expulsion of hereditary members already sitting at Westminster. Instead, the abolition of the by-election system would see their number decline over time as individuals die or retire. However, the Conservative amendment faces defeat when the Bill returns to the Commons, where the Government has a majority, during so-called 'ping-pong', when legislation is batted between the two Houses until agreement is reached. Speaking at third reading, Tory shadow leader in the upper chamber Lord True warned: 'Without the fullest trust, respect and goodwill between the Government of the day and His Majesty's Opposition… this House cannot function. 'And the brutal reality is that the full exclusion of over 80 peers does not evidence full respect and cannot be the basis of full goodwill.' He added: 'The Labour Party has won. 'No hereditary peer will ever again take their oath at this despatch box, but I submit it is not necessary on top of that, to wield the brutal axe on our colleagues who sit here now. 'That is what the amendment passed by the House for grandfather rights asked the Government to moderate. 'There is a chance and there is a choice, to temper historic victory with magnanimity in that victory. 'Such a statesman-like choice would benefit this House in keeping members we value, and at the same time, unleash a spirit of goodwill that I believe could carry us all together through the rest of this Parliament.' Conservative hereditary peer Lord Strathclyde, who previously served as leader of the House, said: 'We all accept the mandate that the Government has to end the involvement of the hereditary principle as a route of entry to our House. But I join my colleagues of all benches still wondering why those of us already serving here are due to be flung out. 'What have these sitting parliamentarians done to deserve being shown the door in such a way?' He added: 'It's never too late to appear gracious and magnanimous… Labour's victory in abolishing heredity here is real. Need we have such a ruthless and unnecessary purge as well?' Tory hereditary peer Lord Mancroft argued he and his colleagues were being 'thrown out of this House like discarded rubbish'. He said: 'We are now to be treated in a way that no one else in employment or in any workplace in Britain can be treated. 'It is rightly illegal to sack anyone on the basis of their birth except here in the upper House of this mother of parliaments.' Lord Mancroft added: 'It is very personal to each and every one of us to be treated like this by those we considered our friends and colleagues. It is also deeply, deeply offensive, and I would simply like to know why? Is that really too much to ask?' Responding, the Leader of the Lords Baroness Smith of Basildon again highlighted the removal of hereditary peers had been in the Labour Party manifesto. She said: 'Of course this feels personal to those departing hereditary peers. It felt very personal to me when I lost my seat as a Member of Parliament, with far less notice.' Lady Smith added: 'Nothing about the legislation says that we do not value the work of hereditary peers, or that of any other member of the House. 'That has always been the case, but we were quite clear that the hereditary route is not the route into the House that the country or the Labour Party expects.' Other changes made by the Lords to the Bill, which will be considered by MPs after the summer recess, included a Conservative move to create life peers who do not have to sit at Westminster. Peers also supported a Tory amendment to abolish unpaid ministers in the upper chamber, amid long-held concerns about Government frontbenchers in the unelected House not being remunerated for their official duties.
Yahoo
8 minutes ago
- Yahoo
Harry Upcott Joins Vinson & Elkins to Drive Aviation Finance Expansion in Europe
By Daniella Parra Vinson & Elkins has expanded its global aviation finance practice with the addition of Harry Upcott as a partner in its London office, it said. Upcott brings extensive experience advising on complex aviation and satellite financing, leasing, and M&A deals, and is recognized for his commercially practical approach, the law firm said. 'Vinson & Elkins has a clear focus on building a strong international platform in aviation finance,' Vinson & Elkins Partner Harry Upcott said. 'The firm's integrated capabilities across finance, capital markets and restructuring provide a market-leading platform for supporting clients in this dynamic sector.' READ MORENever Miss an Insight, Our Newsletter Contact: Exec Edge Editor@ Click to follow us on LinkedIn