Tue, 21-Oct-2025

Billionaires’ share of global wealth soars during pandemic

global wealth

PARIS: The share of global wealth of the world’s richest people soared at a record pace during the Covid pandemic, a report on inequality showed on Tuesday. Since 1995, the slice held by billionaires has risen from one per cent to three per cent, according to the World Inequality Report. “This increase was exacerbated during the … Read more

Eurozone inflation soars to highest rate on record

Eurozone inflation

BRUSSELS: Eurozone inflation surged to its highest rate on record in November, fuelled by soaring energy prices, official data showed on Tuesday. Consumer prices picked up to 4.9 per cent from 4.1 per cent in the previous month, the highest reading since the official statistics agency Eurostat began compiling the data more than 20 years ago. … Read more