The level of financial inequality around the world is staggering. According to a new Credit Suisse report, 45.8 percent of global household wealth is in the hands of just 1.1 percent of the world’s population. Those 56 million individuals control a min…
In some OECD countries, more than a third of people aged 66 and over are living in relative income poverty. This applies to Estonia, Latvia and South Korea as well as for China, which is not a member, but was included in the report. The term is defined…
According to a report from Mercer, Ashgabat in Turkmenistan is the most expensive city on the planet for foreign employees. Mercer ranked 209 cities on the comparitive costs of expenses including housing, transportation, food and entertainment with New…
With the easing of travel restrictions, Americans are once again eager to travel and prepare for their summer vacations. A look at the most popular travel booking sites in the U.S. shows that the most popular choice is not a booking portal but going th…
On Saturday, Pope Francis put Robert Schuman on the path to sainthood. His work was instrumental laying the groundwork for the creation of the modern European institutions and the Vatican has now recognised the “heroic virtues” of the French statesman …
A forecast by the Boston Consulting Group has forecast substantial increases in the investable wealth of the world’s ultra rich. ‘Ultra High Net Worth’ individuals are defined as those with wealth of at least $100 million. When it comes to the places w…
New analysis from the UK’s Office for National Statistics shows the share of people in the country that have been vaccinated against Covid-19 and were since infected with the virus. As our infographic shows, the BioNTech and AstraZeneca vaccines have s…
U.S. retail and food services sales declined by a modest 1.3 percent in May after climbing steeply for most of 2021. The drop reported by the U.S. Census Bureau earlier this week is widely considered not a setback in the country’s economic recovery but…
When the COVID-19 pandemic hit the United States in March 2020, forcing gyms to shutter and public transportation to suspend operation, millions of Americans re-discovered bicycles as a safe, socially-distanced form of physical exercise and transportat…
Always a nice indulgence, food delivery became something of a necessity for Americans during the pandemic. With restaurants shuttered for on-premises dining for long periods in 2020, delivery was the only real option for people keen to avoid cooking. A…