A report by the Institute for Fiscal Studies reveals 42% of 25-year-olds in Britain live with parents, up from 25% in the 1990s. Declining real earnings and housing affordability force young adults into 'kidulthood,' impacting independence and exacerbating inequality. The article calls for policy changes like social housing and stronger wages.
Several former employees of catering firms, including Sonia Garcia Monuz and Joan Fullbrook, are pursuing thousands of pounds in unpaid wages from companies linked to businesswoman Martha Lindeque. Acas reports a 17% rise in such cases.
Varta AG, parent of the Varta battery brand, files for insolvency under self-administration due to funding gap, worsened market conditions, and loss of a key customer (reportedly Apple), affecting subsidiaries but not the profitable household battery unit.
A Ford employee, Kurt Kromm, was fired over an alleged $1.95 cookie theft from a self-checkout kiosk. He proved payment with bank records, leading Ford to offer reinstatement and back wages, but he now plans to sue for defamation and other claims.
Russia is actively recruiting foreign nationals from economically vulnerable regions for its war in Ukraine, often using deceptive promises of work or high wages. Many recruits, including Kenyans, Cubans, and Bangladeshis, face combat, death, or severe injury, with families struggling to recover bodies or find answers, prompting international concern.
A former Ford electrician, Kurt Kromm, was fired from the Kentucky Truck Plant over an alleged $1.95 cookie theft from a self-checkout kiosk. After providing bank proof of payment, Ford offered reinstatement and $33,000 in back wages, but Kromm is now suing Ford and Aramark for defamation and improper handling of the incident.
Spain secured their first FIFA World Cup title since 2010 by defeating defending champions Argentina 1-0 in extra time, with substitute Ferran Torres scoring the decisive goal. Argentina played with 10 men after Enzo Fernández was sent off, while a controversial half-time show and a post-game incident involving Donald Trump and Gianni Infantino also occurred.
A new report by the Economic Policy Institute suggests tripling US union membership to 30% could boost the median worker's pay by 14.5% ($7,700 annually), shifting $1.2tn to workers, narrowing racial wage gaps, and reversing one-third of inequality since 1979.
The High Pay Centre (HPC), known for its analysis of executive pay and the pay gap, is set to close due to the termination of its funding by the Financial Fairness Trust, now renamed Aberdeen Group Charitable Trust. This closure highlights a broader trend of reduced funding for social justice research, influenced by a shift away from DEI/ESG initiatives.
Despite positive economic indicators like rising interest rates and wages, the yen continues to weaken against the dollar. Hedge funds have increased bets against the currency, and analysts predict further declines, highlighting a worrying breakdown in the yield-currency correlation.
The Philippines' recent upgrade to upper-middle-income status by the World Bank has been met with skepticism by citizens and advocacy groups. Many Filipinos, like Ann Michelle Federez-Abato, struggle with high inflation and daily expenses, finding the GNI per capita figure of $4,850 unrealistic.
The Philippines has been upgraded to upper-middle-income status by the World Bank, but citizens and advocates question the data, citing high inflation, debt, and meager wages that don't reflect the economic reality.
Marine Le Pen announced she will run for president in 2027 after an appeal court reduced her ban on holding public office. The court upheld her conviction for misusing EU funds but shortened the ban, allowing the far-right leader to stand in the election.
Sandro Tonali has moved from Newcastle to Tottenham for an initial £92.5m, a club record for Spurs. The Italian midfielder cited Roberto De Zerbi's "magic" sales pitch and a desire to relocate to London as key factors in his decision.
India's VB-G RAM G scheme, replacing MGNREGA, offers 125 days of work and higher wages but shifts funding to states. States may see a 4-5x cost increase, potentially impacting rural economy revival due to budgetary trade-offs.
Seven workers died and six were injured after a massive boulder collapsed at Cauvery Crushers quarry in Ramanagara, Karnataka. The incident has sparked renewed concerns over quarry safety and illegal mining, with calls for criminal action against owners and officials, and a government pledge to crack down on illegal operations.
The Jharkhand High Court reinstated a peon sacked for taking office tea powder and biscuits, deeming the dismissal "grossly disproportionate." The court cited a vague show-cause notice and lack of reasons in the termination order as violations of natural justice.
South Korea is experiencing a surge in unstaffed 24-hour stores, including coffee shops, pet stores, and boutiques, driven by labor shortages and increasing wage costs. Companies like Lounge X are deploying robots to serve customers, with estimates suggesting a significant increase in such establishments nationwide.
EPFO mandates a 12% PF contribution up to Rs 15,000 monthly, with voluntary options for higher contributions. New rules simplify withdrawals to three categories and clarify employer responsibilities for contract workers.
EPFO mandates a 12% PF contribution up to Rs 15,000 monthly, with voluntary options for higher contributions. The new scheme simplifies withdrawals to three categories and clarifies employer responsibilities for contract workers.
India's new rural employment framework, VB-G RAM G, increases daily wages to a minimum of Rs 300. The national average wage rises to Rs 327.4, with some states seeing increases of 15-25%.
India's new rural employment framework, VB-G RAM G, increases wages to at least Rs 300 per day. The national average wage rises to Rs 327.4, an over 10% increase, with some states seeing 15-25% hikes. This aims to strengthen rural livelihoods and reduce wage disparities.
A former cashier reveals how supermarkets intentionally overstock shelves, leading to massive food waste, and connects this practice to low wages and food insecurity among grocery workers, highlighting the economic incentives against food donation.
Western nations, including the UK, EU, and US, are addressing a severe housing affordability crisis where costs outpace wages, locking out younger buyers. Governments are enacting reforms, like the UK's no-fault eviction ban and US bipartisan bills, amid calls to treat housing as a human right, not just an asset.
