Tesla boss Elon Musk has a net worth of a quarter trillion dollars, highlighting the world’s wealth gap Frederic J. BROWN AFP/File
“This increase was exacerbated during the Covid pandemic. In fact, 2020 marked the steepest increase in global billionaires’ share of wealth on record,” the document said. “While the wealth of billionaires rose by more than 3.6 trillion euros , 100 million more people joined the ranks of extreme poverty,” said Chancel, noting that extreme poverty had been previously falling for 25 years.
Women’s share of total global income from work was less than 35 percent, up from near 30 percent in 1990 but short of parity with men. Rich countries introduced measures such as furlough and increased social security payments during the crisis to prop up income levels and save jobs, which states with fewer resources did not replicate.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fauci to speak at Nigeria COVID-19 Summit | The Guardian Nigeria News - Nigeria and World NewsAs part of efforts to redefine the country’s national COVID-19 response and build the health security framework for the country
Source: GuardianNigeria - 🏆 1. / 94 Read more »
18 finalists unveiled for Miss Nigeria 2021 | The Guardian Nigeria News - Nigeria and World NewsThe organiser of Miss Nigeria has unveiled the 18 finalists that will contest in the grand finale of the 44th Miss Nigeria beauty pageant to be held at the Landmark Convention Centre on December 17, 2021.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Understanding FX, external reserves and naira value | The Guardian Nigeria News - Nigeria and World NewsIn recent months, developments in the Nigerian foreign exchange market have elicited reactions from stakeholders, some of which reflect understanding while others do not.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Nigeria’s trade deficit rises to N3tr | The Guardian Nigeria News - Nigeria and World NewsNigeria's trade deficit has ballooned by over 61 per cent quarter-on-quarter (QoQ) as it rose from N1.87 trillion in the second quarter (Q2) to N3.02 trillion in the last quarter (Q3). Which government just keeps borrowing for the misery of the next generation - borrowing to squander and fund their riotous life style
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Buhari urges auditors-general to stamp out corruption | The Guardian Nigeria News - Nigeria and World NewsPresident Muhammadu Buhari has called on Auditors-General across the country to introduce strategies that will help stamp out corruption from the system. Overnight?
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Lagos gives cash to 50 exceptional volunteers | The Guardian Nigeria News - Nigeria and World NewsLagos State Office of Sustainable Development Goals and Investment, yesterday, gave cash gifts to 50 outstanding volunteers for their contributions to the growth of the state.
Source: GuardianNigeria - 🏆 1. / 94 Read more »