Accountancy

Global workers’ income loss due to Covid-19: $3,500,000,000,000

Global pay has fallen by more than 10% in 2020

Workers around the world have lost a combined $3.5tn in pay because of the Covid-19 epidemic, the International Labour Organisation (ILO) has estimated.

The loss of working hours caused by the pandemic has led to a 10.7% drop in global labour income in the first three quarters of 2020 compared to the same period last year, the United Nations agency said.

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Inside “Operation Narnia,” the Daring Attack Israel Feared It Couldn’t Pull OffExternal link

Inside “Operation Narnia,” the Daring Attack Israel Feared It Couldn’t Pull Off