The rich world needs higher real wage growth

The rich world needs higher real wage growth

CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate in advanced economies is 5.3%, lower than before the financial crisis. Yet even in America, the hottest rich-world economy, pay is growing by less than 3% annually. This month the […]

World's rich grow richer as bull markets roar on: study

World's rich grow richer as bull markets roar on: study

ZURICH (Reuters) – The pool of money held by the world’s wealthiest people grew by 12 percent last year to nearly $ 202 trillion as bull markets and the dollar’s weakening against most major currencies boosted global fortunes, an international advisory firm’s study released on Thursday said. Tourists walk up one of the main shopping […]

Your Money: New insurance hacks cyber threats against the rich

Your Money: New insurance hacks cyber threats against the rich

NEW YORK (Reuters) – Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats. A man types on a computer keyboard in Warsaw in this February 28, 2013 illustration file picture. REUTERS/Kacper Pempel/Files What makes Jerry Hourihan lose sleep is that everyone’s information already […]

Rich nations restore their own forests but trash those elsewhere

Rich nations restore their own forests but trash those elsewhere

One tree gets planted, another gets cut downGetty Images By Fred Pearce Don’t be too proud if your country is busy replanting its lost forests. While it’s true that many rich countries are restoring their own forests, they are also indirectly responsible for deforestation elsewhere. A new study finds that richer nations grow their forests, […]

Spending on renewables in rich countries has halved in six years

Spending on renewables in rich countries has halved in six years

Only a few renewables projects continue without government subsidiesimageBROKER / Alamy The world added more solar capacity in 2017 than all new coal, gas and nuclear electricity-generating plants combined. That’s the headline conclusion of a report on how much banks, private investors and utility companies invested in renewables last year. While that sounds promising, on […]