JUST IN: Klaus Schwab, the 88-year-old founder and executive chairman of the World Economic Forum, has officially resigned with immediate effect, as reported by NZZ. After decades at the helm of global economic discussions, this marks the end of an era. Schwab, known for founding the WEF in 1971, has been a key figure shaping international policy, innovation, and the famous Davos meetings.

What’s next for the WEF? Who will step into his powerful shoes?