Bulgaria Faces Labor Force Decline of Over 400,000 in Next Decade
Bulgaria is projected to experience a significant decrease in its labor force over the next decade, with estimates suggesting a reduction of more than 400,000 individuals
Oxfam has revealed that the wealth accumulated by the richest 1 percent of the global population has surged to 42 trillion dollars over the past decade, which is nearly 34 times more than the wealth held by the bottom 50 percent. This finding was disclosed ahead of the G20 finance ministers and central bankers meeting starting today in Rio de Janeiro.
The report indicates that the average per capita wealth for the top 1 percent increased by nearly 400,000 dollars over the decade, in stark contrast to a mere 335 dollars, or about 9 cents a day, per person in the bottom half of the wealth distribution.
During their meeting in Rio, G20 finance ministers are anticipated to discuss the foundations for a global agreement to increase taxes on the super-rich. This proposal, introduced by Brazil and supported by South Africa and France, aims to address global inequality.
Max Lawson, Oxfam's Inequality Director, criticized the current situation, stating, "Inequality has reached grotesque levels, and governments are failing to shield people and the planet from its devastating effects. The wealthiest 1 percent continue to amass more wealth, leaving the rest to struggle."
Lawson emphasized that it is now crucial to raise taxes on the super-rich and that this week will serve as a significant test to determine whether governments are prepared to pursue this path.
US Vice President JD Vance delivered a critical speech at the Munich Security Conference
US Defense Secretary Pete Hegseth stated that Europe cannot indefinitely rely on the US military presence
The NATO defense ministers' meeting in Brussels and the Munich Security Conference have drawn significant attention this week, with US President Donald Trump's approach to Ukraine and Russia
On the night of February 13-14, a Russian loitering munition carrying a high-explosive incendiary warhead struck the shelter of the 4th reactor at the Chornobyl Nuclear Power Plant
US Vice President JD Vance has indicated that Washington may impose sanctions and potentially take military action against Russia if President Vladimir Putin refuses to negotiate a peace deal ensuring Ukraine's long-term independence
Bosnian Serb leader Milorad Dodik has once again called for Republika Srpska to separate from Bosnia and Herzegovina
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