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World Financial Discussion board founder Klaus Schwab and his spouse cashed in on Davos with over $1 million in questionable journey bills, investigation finds
Klaus Schwab, the founding father of the World Economic Forum, is on the middle of a rising scandal after preliminary findings from an inner probe into allegations of unauthorized spending, office misconduct, and manipulation of key analysis studies were leaked to a number of media retailers. The investigation into Schwab, launched earlier this 12 months in response to whistleblower complaints, threatens to tarnish the WEF chief’s legacy and the popularity of the Discussion board he led for over 5 many years. Preliminary findings from investigators recognized greater than $1 million in questionable bills billed to WEF by Schwab together with a number of different private conduct and moral issues.
Schwab, who began WEF in 1971 and reworked Davos right into a hub of elite worldwide networking and diplomacy, stepped down from his position as chair of the board in April amid stress from the whistleblower complaints. He had been expected to keep on till 2027.
The probe, performed by Swiss regulation agency Homburger and reportedly overseen by WEF’s board of trustees, noted upwards of $1.1 million in questionable journey bills filed by Schwab and his spouse, Hilde. Lots of the bills coated the couple’s first-class tickets for Discussion board-related enterprise. Hilde, nevertheless, has no formal position on the group and was allegedly merely accompanying her husband.
Investigators additionally famous roughly $63,000 allotted for the Schwab’s journey to Venice, Miami, the Seychelles and different luxurious locations. The latest of those journeys was a week-long keep in Morocco from late December 2024 to early January 2025. These particular journey bills reportedly had little or no proof of any connection to the Discussion board.
Except for journey prices, investigators discovered 14 lodge massages have been expensed by the Discussion board utilizing Schwab’s company bank card or that of junior staff, in keeping with The Wall Road Journal. The report stipulated that Schwab later paid for about half of those companies. Schwab, nevertheless, reportedly mentioned he all the time instructed assistants to invoice him for massages.
Investigators additionally famous Schwab and his spouse used a driver paid by WEF on sure holidays and billed the group for his or her land line and the cellular phone utilized by their maid in Geneva. Different advantages loved by the couple have been expensed to WEF however not reported on earnings statements, the probe discovered.
A spokesperson for Schwab informed the Journal that Schwab’s driver doubled as safety and was used to mitigate potential safety dangers. As for the telephone plans, the spokesperson informed the Journal these bills have been justified given the quantity of labor and WEF-related internet hosting that occurred at Schwab’s residence.
Different issues stemmed from work performed on a luxurious property owned by WEF referred to as Villa Mundi, situated on Switzerland’s Lake Geneva. Investigators say the Schwabs employed a design agency they’d used personally in 2019 to carry out expensive refurbishments on the property’s inside. Then, they allege, Hilde largely used the WEF property for personal use, investigators discovered. The Schwabs reportedly denied directing the inner design challenge or utilizing the constructing for personal occasions.
The report additional detailed a number of items allegedly obtained by Schwab, together with Russian tea units, customized Tiffany cufflinks, and fur coats, mentioned to be in violation of the group’s insurance policies.
In an announcement by a spokesperson to the Journal, Schwab denied any wrongdoing, citing a long-standing “good-faith understanding” between the Discussion board and the Schwab Basis—an affiliated nonprofit chaired by his spouse—to justify a few of the expenditures. He emphasised that he entrusted assistants to separate non-public journey bills from these associated to work, and vowed to reimburse any bills deemed private after the investigation concludes.
As for the items, Schwab’s spokesperson mentioned the WEF founder donated most items to charity and displayed others, together with the Russian tea units, at WEF’s headquarters. Schwab mentioned he didn’t particularly recall the opposite items described by investigators.
“All through this journey, Hilde and I by no means used the Discussion board for private enrichment,” Schwab mentioned in a written assertion to the Journal.
After preliminary particulars of the investigation first surfaced within the Swiss press on Sunday, Schwab accused the WEF board of violating an agreement to maintain the investigatory course of confidential, claiming, “I really feel deceived. I’m not out there for additional investigations,” in keeping with an announcement supplied to the Monetary Instances. He added he had absolutely cooperated with the inquiry and pledged to defend his popularity “with all my power, even within the context of a authorized dispute.”
WEF’s board of trustees declined to particularly handle the investigation’s findings, however acknowledged the seriousness of the claims in an announcement to Fortune.
“The World Financial Discussion board’s Board of Trustees strongly condemns the indiscretions in reference to the investigation of the allegations made by whistleblowers towards Klaus Schwab,” WEF informed Fortune. “The Board of Trustees emphasizes the significance of an investigation by the regulation agency that’s free from exterior affect. The Board of Trustees might be solely chargeable for assessing and evaluating the outcomes of the investigation. The Board of Trustees is not going to be guided by hypothesis and interpretations within the media however will rely solely on the information that emerge from the investigation.”
Homburger is anticipated to finish the investigation and submit suggestions to WEF’s board of trustees by the tip of August, the identical time frame through which invites to the 2026 Davos summit are to be despatched out.
Trustees of the British MuseumThe primary go to of Hawaiian royals to London two centuries in the past will characteristic in a brand new exhibit on the British Museum.
Hawai’i: A Kingdom Crossing Oceans is a “dazzling celebration of the wealthy artistry of Hawaiian makers, previous current and future”, based on the museum.
The exhibition, which opens in January, will commemorate greater than 200 years for the reason that go to of Hawaiian King Liholiho and Queen Kamāmalu to London in 1824 when the royal delegation have been searching for an alliance and safety from the Crown.
This journey to the capital included a go to to the British Museum – the primary file of Native Hawaiian royals on the museum.
Royal Assortment Enterprises LtdThe exhibition will characteristic round 150 objects and artworks together with many by no means seen within the UK.
Among the many highlights is an ahu ʻula, a feathered cloak despatched in 1810 by the primary king of unified Hawaiʻi, Kamehameha I, to King George III.
Lent by King Charles III from the Royal Assortment, the cloak will probably be on show for the primary time in over 100 years, alongside the Hawaiian king’s authentic letter requesting assist and safety from the British Crown.
Trustees of the British MuseumGuests to the museum will probably be greeted on the steps of the Nice Courtroom by a nine-foot (2.7m) picture of the god Kū, the god of warfare and governance, dressed with a recent loincloth and standing atop a pole rediscovered inside a historic plinth.
A finely carved drum accompanied by an historic chant recounting early Polynesian migrations to Hawaii will characteristic alongside a bowl with determine, not too long ago returned from mortgage to Hawaii’s Bernice Pauahi Bishop Museum, that represents actions of individuals and objects between the Pacific and the UK.
The Anglo-Franco proclamation of 1843, on mortgage from The Nationwide Archives, highlights the UK and France’s formal recognition of Hawaii’s independence and emphasises diplomatic bonds between the nations.
Trustees of the British MuseumThe creation of the exhibition concerned “the meticulous conservation of ancestral treasures and the inclusion of ʻōlelo Hawaiʻi (the Hawaiian language) all through the area”, the British Museum mentioned.
Dr Alice Christophe, head of Oceania on the museum, mentioned the exhibit is a tribute to Native Hawaiian makers, previous and current.
She added: “It tells the story of the deep and layered relationship between Hawaii and the UK, reflecting on care, sovereignty and the complexity of allyship.
“We hope this present will spark conversations and uplift folks within the archipelago and past.”
The exhibition will run from 15 January to 25 May 2026.
France is a rustic steeped in historical past, and nowhere is that this extra evident than its fantastically preserved medieval cities.
From Alsace’s timber-framed homes to Provence’s dramatic hilltop villages.
These cities permit guests to step again in time, wander cobblestone streets, marvel at historical structure, and expertise the appeal of bygone eras.
On this listing, we’ve gathered 20 of the best-preserved medieval cities in France that you simply completely should see.
20 Greatest Medieval Cities in France To Go to
Scroll down to find the 20 finest medieval cities in France that needs to be on each historical past buff and tradition fanatic’s bucket listing!
1. Riquewihr, Alsace
Riquewihr is a picturesque village in Alsace typically described as some of the lovely in France.
Its well-preserved Sixteenth-century structure, with colourful half-timbered homes lining slender cobblestone streets, makes it really feel like stepping right into a fairy story.
Guests ought to come right here to expertise the distinctive Alsatian tradition, discover the encircling vineyards, and style the area’s well-known wines.
Don’t miss the Dolder Tower, a Thirteenth-century defensive gate, or wine cellars providing tastings. The Alsace villages are among the most picturesque places in France.
2. Eguisheim, Alsace
Eguisheim, a cute fairytale town in France, is thought for its concentric round format and vibrant floral shows.
The city’s magnificence lies in its colourful medieval homes, charming central sq., and surrounding vineyards.
Guests will take pleasure in strolling by the slender streets, visiting the Chapel of St. Leo IX, and mountain climbing the close by Three Castles path.
The city can also be well-known for its storks, which nest on rooftops throughout summer time.
3. Rocamadour, Occitanie
One in all France’s most unique towns is Rocamadour, a vertical village dramatically constructed into the face of a cliff. Its beautiful location and spiritual significance make it a must-visit place that needs to be in your France bucket list.
The city is dwelling to a number of vital spiritual websites, together with the Sanctuary of the Blessed Virgin Mary.
Guests can climb the Grand Escalier (Nice Staircase) to the château on the prime, which gives breathtaking views of the Alzou Canyon.
4. Sarlat-la-Canéda, Dordogne
Sarlat is without doubt one of the best-preserved medieval cities in France, well-known for its golden stone buildings and gastronomic delights.
Guests ought to come right here to wander the labyrinthine streets, discover the bustling market, and take pleasure in native specialties like foie gras and truffles.
Don’t miss the panoramic view from the highest of the Sainte-Marie church tower or a go to to the Manoir de Gisson.
5. Dinan, Brittany
Dinan is a walled city recognized for its spectacular ramparts, half-timbered homes, and picturesque port.
Guests will love strolling alongside the previous metropolis partitions, exploring the quaint Rue du Jerzual, and having fun with a meal at one of many cafes alongside the previous port.
The city’s magnificence is enhanced by its location overlooking the Rance River. Go to the Château de Dinan and climb the Tour de l’Horloge for panoramic views.
6. Honfleur, Normandy
Honfleur, with its picturesque previous harbor and slate-covered home facades, has lengthy been a favourite topic for artists.
Guests come for the charming ambiance, maritime historical past, and glorious seafood eating places.
Key points of interest embody the wood Church of Saint Catherine, the Eugene Boudin Museum, and the gorgeous Jardin des Personnalités.
7. Perouges, Auvergne-Rhône-Alpes
Perouges is a superbly preserved medieval walled city that appears frozen in time. Its cobbled streets and stone homes make it a preferred movie location.
Guests ought to expertise life in a Fifteenth-century city, style the native specialty “galette de Pérouges,” and benefit from the peaceable ambiance. Don’t miss the central Place du Tilleul or the Eglise-Forteresse.
8. Saint-Cirq-Lapopie, Occitanie
Perched excessive above the Lot River, Saint-Cirq-Lapopie is a shocking medieval village that has impressed many artists. Its magnificence lies in its dramatic setting, Gothic facades, and slender alleyways.
Guests can discover quite a few artisan outlets, hike within the surrounding space, or take a ship journey on the Lot River. The village is especially magical within the night when the day-trippers have left.
9. Gordes, Provence
Gordes is a placing hilltop village within the Luberon area, well-known for its stone buildings cascading down the hillside.
Guests come for the breathtaking views, particularly at sundown, and to discover the encircling lavender fields and olive groves.
Key points of interest embody the Sixteenth-century château, the close by Sénanque Abbey, and the standard Tuesday market.
10. Locronan, Brittany
Locronan is a small city that has maintained its Renaissance appeal, with granite homes and an exquisite central sq..
Guests will admire the dearth of seen trendy infrastructure, making it really feel actually timeless. The city is thought for its spiritual heritage, conventional Breton festivals, and as a filming location.
Don’t miss the Church of Saint Ronan or the native artisan workshops.
11. Cordes-sur-Ciel, Occitanie
Cordes-sur-Ciel, or “Cordes within the Sky,” is aptly named for its hilltop location, typically shrouded in morning mist. This bastide city is thought for its well-preserved Gothic structure and thriving arts scene.
Guests ought to come to discover the medieval homes, go to artisan workshops, and revel in panoramic views of the countryside. The city hosts a well-known medieval competition every July.
12. Mont Saint-Michel, Normandy
Mont Saint-Michel is without doubt one of the most iconic landmarks in France, a medieval marvel that rises dramatically from the ocean.
This UNESCO World Heritage website is a small rocky island topped by a shocking abbey and surrounded by a picturesque village.
Guests are drawn by its distinctive structure, wealthy historical past, and the fascinating phenomenon of maximum tides that isolate and join it to the mainland.
Discover the winding streets, go to the magnificent abbey, and be taught concerning the website’s significance as a pilgrimage heart.
13. Minerve, Occitanie
Minerve is a small village with a dramatic historical past, perched on a rocky peninsula between two deep gorges. Guests come for its Cathar historical past, beautiful pure setting, and glorious native wines.
Discover the village’s slender streets, go to the Twelfth-century church, and be taught concerning the Cathar siege on the small museum.
14. Monpazier, Nouvelle-Aquitaine
Monpazier is without doubt one of the best-preserved bastide cities in France, recognized for its excellent grid format and exquisite central sq..
Guests will admire the well-preserved medieval and Seventeenth-century structure, the lined market corridor, and the peaceable ambiance.
15. Moustiers-Sainte-Marie, Provence-Alpes-Côte d’Azur
Moustiers-Sainte-Marie is nestled between two rocky cliffs, with a star suspended on a series between them.
The city is known for its advantageous porcelain and proximity to the Verdon Gorge – one of many best places in the French Riviera area.
Guests ought to discover the slender streets, go to the Notre Dame de Beauvoir chapel perched above the city, and store for native ceramics.
16. Saint-Guilhem-le-Désert, Occitanie
Saint-Guilhem-le-Désert is a serene medieval village tucked right into a dramatic gorge on the pilgrim path to Santiago de Compostela.
Its UNESCO-listed Gellone Abbey, with its exceptional Romanesque structure, rises above a maze of slender streets and stone homes.
Don’t miss the abbey’s lovely cloister, the Place de la Liberté with its historical elm tree, or the satan’s bridge spanning the gorge.
17. Conques, Occitanie
Conques is a jewel of Romanesque artwork nestled in a wooded gorge in Occitanie.
Its magnificent Abbey Church of Saint Foy, with its intricate tympanum and golden reliquary, has drawn pilgrims for hundreds of years alongside the Santiago de Compostela route.
Don’t miss the treasury’s medieval goldsmith assortment, the carved capitals within the cloister, or the sundown view from the Bancarel viewpoint.
18. Najac, Occitanie
Najac is a shocking medieval fortress city perched dramatically alongside a single ridge excessive above the Aveyron River.
Its majestic Thirteenth-century royal fortress stands on the highest level, whereas the village’s stone and half-timbered homes stretch alongside the ridge in a novel linear format.
Don’t miss the Gothic church of Saint-Jean with its uncommon fortified options, the panoramic views from the fortress hold, or the traditional lined market corridor the place native farmers promote their produce.
19. Vézelay, Bourgogne-Franche-Comté
Vézelay is a hilltop village in Burgundy topped by its magnificent Basilica of Saint Mary Magdalene.
This UNESCO World Heritage website rises majestically above the Remedy Valley, its golden stone glowing within the sundown whereas its medieval streets are lined with historic homes and ramparts.
Don’t miss the spectacular views over the Burgundian countryside, or the home the place Jules Roy lived, now a literature museum.
20. Saint-Paul-de-Vence, Provence-Alpes-Côte d’Azur
Saint-Paul-de-Vence is a remarkably preserved medieval city perched on a hilltop close to Good, remodeled into an inventive haven within the twentieth century.
Its large medieval ramparts encircle slender cobblestone streets lined with elegant stone homes, whereas up to date artwork galleries and boutiques occupy historical buildings.
Remaining Ideas on The Greatest French Medieval Cities
Exploring France’s medieval cities is like stepping right into a residing historical past e-book.
Every village gives a novel glimpse into the nation’s wealthy previous, well-preserved structure, and timeless appeal.
From the long-lasting Mont Saint-Michel to the lesser-known gems like Perouges, these cities present unforgettable experiences for historical past lovers, tradition lovers, and informal vacationers alike.
Able to plan your trip in France? Use our complete France Travel Guide to make sure you don’t miss any of the unbelievable locations.
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