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flag Klaus Schwab, founder of the World Economic Forum, steps down after over 50 years.

flag Klaus Schwab, the founder of the World Economic Forum (WEF), has stepped down from his roles as chairman and board member after over 50 years leading the organization. flag Schwab, who co-founded the WEF in 1971, has been a key figure in global economic discussions. flag His departure marks a significant transition for the influential forum.

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