There has been minimal global movement toward gender pay equality because many women still face a "motherhood penalty" after having children, a study said Tuesday.. "The motherhood penalty -- the loss in lifetime earnings experienced by women raising children -- has become the most significant driver of the gender pay gap," PwC concluded in its report.
British architect and urban planner David Chipperfield won the 2023 Pritzker Prize, organizers of the profession's most prestigious award announced Tuesday.. The Pritzker Prize was first awarded in 1979.
Berlin has upset EU partners by blocking a milestone agreement to ban new sales of fossil fuel cars from 2035, as German domestic politics takes the bloc hostage.. The bloc was due to formally nod it into law on Tuesday but, in an unprecedented manoeuvre, Berlin now says it can not give its agreement.
US interest rates will likely peak at a higher level than previously anticipated due to economic data that came in stronger than recent trends suggested, Federal Reserve Chair Jerome Powell said Tuesday.. This was likely due to "unseasonably warm weather," said Powell in prepared remarks for a hearing before the Senate Banking Committee.
The World Bank has effectively suspended new lending to cash-strapped Tunisia after President Kais Saied sparked accusations of racism with incendiary comments against sub-Saharan African migrants.. Malpass said in his email that the lender would "remain fully engaged" in Tunisia, and stressed that the safety of its many sub-Saharan African staff was a priority.
Lego, the world's number one toymaker, expects to continue to gain market share after reporting rising revenue and profits last year despite inflationary headwinds, the company's CEO told AFP Tuesday.. "We do expect with our investments to continue to take market shares," the group's chief executive Niels Christiansen told AFP in an interview.
South Africa's economy tumbled below pre-pandemic levels in the last three months of 2022 as record power shortages hit activity, official data showed Tuesday.. - New electricity minister - South Africa's economy was badly hit by the Covid-19 pandemic, which amplified joblessness and poverty in one of the world's most unequal countries.
French President Emmanuel Macron is facing his biggest standoff with France's trade unions since coming to power in 2017, with the outcome of a series of strikes and protests over a pensions overhaul seen as decisive for both sides.. - France's trade unions have organised five separate days of protests so far, but Tuesday will see them move into a higher gear, with a threat of rolling strikes risking a severe knock-on in subsequent days.
Sri Lanka's president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to a long-awaited International Monetary Fund bailout.. Wickremesinghe told parliament Beijing had now agreed to a restructure and that he expected the first tranche from the Washington-based lender's promised $2.9 billion in funds to be released within the month.
China's exports and imports fell during the first two months of 2023, according to official data Tuesday, hit by sluggish overseas demand, a massive Covid wave and market concerns over rising US tensions.. US imports to China, meanwhile, fell 5.0 percent.
