ECONOMY

Oxfam slams billionaire pandemic ‘bonanza’ as millions face poverty

Oxfam slams billionaire pandemic ‘bonanza’ as millions face poverty Olga Shumytskaya | moment | Getty Images A new billionaire arose every 30 hours during the Covid-19 pandemic, and nearly a million could fall into it extreme poverty at around the same rate in 2022. Those are the sobering statistics recently released by Oxfam. There were …

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Stock futures rise after Dow falls for 8th-straight week in relentless sell-off

Stock futures rise after Dow falls for 8th-straight week in relentless sell-off Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 130 points, or …

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What a recession means for workers battle over return to office

What a recession means for workers battle over return to office People enter the Goldman Sachs headquarters building in New York, US, on Monday, June 14, 2021. Michael Nagel | Bloomberg | Getty Images A long-running employee’s market had made it difficult for employers to tug the reins and force remote workers back to the …

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Davos Forum: Global Solidarity Fund presents assistance plans

Davos Forum: Global Solidarity Fund presents assistance plans

Davos Forum: Global Solidarity Fund presents assistance plans .. From Sunday 22 May to Tuesday 24 May Catholic religious men and women will discuss leadership and social inclusion in the global arena. Discussions are taking place at the international meeting of the Global Solidarity Fund in Switzerland of which the Catholic Church is a member, …

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Why Elizabeth Warren’s new ‘anti-inflation’ plan would fail miserably

Why Elizabeth Warren’s new ‘anti-inflation’ plan would fail miserably Upset about inflation? Do not worry. Sen. Elizabeth Warren (D-MA) “has a plan for that.” There’s just one problem: It’s terrible. Warren has repeatedly blamed Big Business and “corporate greed” for the surge in inflation that’s hitting families hard right now. Her proposed solution, along with …

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Biden Highlights Hyundai Announcement of $10B US Investment

Biden Highlights Hyundai Announcement of $10B US Investment SEOUL, SOUTH KOREA — President Joe Biden tended to both business and security interests Sunday as he wraps up a three-day visit to South Korea, showingcasing Hyundai’s pledge to invest at least $10 billion in electric vehicles and related technologies in the United States. Before visiting US …

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Wells Fargo held ‘fake interviews’ to feign diversity efforts, employees claim

Wells Fargo held ‘fake interviews’ to feign diversity efforts, employees claim Wells Fargo rightroutinely interviewed women and people of color to record diversity efforts in its hiring practices despite already offering the positions to other candidates, several employees have alleged. The banking company has a long-standing informal policy that employers interview “diverse” candidates, defined by …

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Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers

Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers Tesla’s Model 3 at the Tesla store in Washington, DC Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key …

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