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.

The global elite know Donald Trump better than almost anyone after his first presidency shocked boardrooms and foreign capitals.

President Donald Trump has given everyone at Davos something to talk about with his actions on the first day of his second term.

Davos newsletter! Day One at the World Economic Forum’s Swiss mountaintop gathering was all Donald Trump, all the time (business and world leaders: they’re just like us). As the new U.S. president’s executive orders rolled in,