Occupy Wall Street

Salaries in Britain's financial sector have surged in recent months, widening inequality amid the nation's cost-of-living crisis, a study showed yesterday.

Average monthly pay in the industry jumped 31 percent in February from December 2019, propelled by high-earners, the Institute for Fiscal Studies (IFS) said in a report.

Bulgaria is the state in the European Union with the greatest income inequality. This is the data of the Eurostat European Statistical Office, with the country taking the first position in the last two years.

The world's 26 richest people own the same wealth as the poorest half of humanity, Oxfam said Monday, urging governments to hike taxes on the wealthy to fight soaring inequality, reports AFP. 

The richest top 20 percent of society in Turkey received 47.2 percent of total income in 2016, marking a slight increase from the previous year, according to Turkish Statistical Institute (TÜİK) figures.

Eight men own the same wealth as the poorest half of the world's population, a level of inequality which "threatens to pull our societies apart," Oxfam said on Jan. 16 ahead of the World Economic Forum opening in Davos.

The wealth of the world's poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico.

By Nikos Konstandaras

From 2008, before Greece signed a bailout deal with its creditors setting out a raft of cost-cutting measures, until 2012, the tax burden on lower-income Greek households skyrocketed by 337.7 percent compared to just 9 percent for high-income groups, a recent study by Athens-based professors Tassos Giannitsis and Stavros Zografakis found.

Two people, in two separate incidents, were mistaken as protesters and were attacked and left in a serious condition

What is happening in Turkey? What is the government doing? Who are the protesters? And what do they want? Here are the answers