The "Great Salary Convergence" is a phenomenon that's changing how Americans get paid. Also, Elon Musk said his $44 billion Twitter takeover could still happen

Just months ago, 80% of tech workers were confident enough in the job market to consider switching roles.

There is now a scientific basis for countries to claim money for climate damage.

The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.

The average cost of a new car is also at the highest on record, topping $47,000 a pop. At this rate, an essential household purchase is starting to feel like a luxury in America.

Hackers on Friday delayed the start of President Vladimir Putin's speech to Russia's flagship economic forum, shorn of strong Western participation as Russia adjusts to the "new reality" of life under Western sanctions.

Despite all the buzz about the “Great Resignation” and a renaissance for the working classes in America, a new report finds the gap between executive and worker pay is only widening. The typical low-wage worker’s pay didn’t keep pace with inflation last year at more than a third of the companies reviewed by the Institute for Policy Studies, a progressive think tank. IPS’ survey included the 300 publicly traded companies with the lowest median pay for workers.

Nearly 2,500 global leaders from business, politics and civil society are expected to convene this week in Switzerland’s luxury Alpine ski resort of Davos. On the agenda will be issues including Covid-19, Russia’s war in Ukraine and the climate crisis.

Poverty has a weaker impact on well-being in developing countries, and a new study suggests that national religiosity can explain this effect. The findings, published in the Proceedings of the National Academy of Sciences, suggest that religion helps alleviate the mental toll of poverty.

The International Monetary Fund has approved $1.4bn in emergency financing for Ukraine to help meet urgent spending needs and mitigate the economic impact of Russia’s military invasion. The global lender said Ukrainian authorities had cancelled an existing standby lending arrangement with the IMF but they would work together to design an appropriate economic programme focused on rehabilitation and growth when conditions permitted.

The Kremlin on Monday said Russia's economic reality had changed but saw no reason to doubt the effectiveness and reliability of the central bank, which hiked interest rates to 20% as it sought to shield the economy from unprecedented Western sanctions.

The most affordable homes face the highest risks from disasters for three key reasons.

For those versed in trade union folklore, the battle of Saltley Gate holds a special place. In 1972, workers from Birmingham factories downed tools to support striking miners, blockading a gasworks in the city where there was a huge stockpile of coking coal. Orchestrated by a young Arthur Scargill, the blockade successfully prevented lorries from collecting the coal.

Just $3,000 over six months was enough to fundamentally reshape people’s lives.

The globe's richest people own far more wealth than the bottom half — including Elon Musk, the world's richest man.Picture Alliance/Getty Images

China's inflation headache is getting worse.

Unilever warned inflation was likely to accelerate next year and its prices would have to rise further as consumer goods companies battle to offset surging energy and other costs.

Baby boomers and millennials are in a housing war. A Zillow report lays out how boomers are winning, and it's really not even close.

The historic deal is designed to make big corporations pay a fairer share of tax around the world.