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Late last year, Poland's national security agency estimated that Russia could attack NATO within three years. AdvertisementBut whether Putin really does intend to attack NATO and what an attack might look like remains unclear. In March, Putin denied having any plans to attack NATO members, describing such claims as "complete nonsense." "So, his ambition in growing is not going to be that he will attack NATO and NATO countries next year. A covert war is already underwayRussia, some point out, is already engaged in a war with NATO, albeit covertly.
Persons: , Donald Tusk, Tusk, Putin, Emmanuel Macron, NATO Putin, Philip Ingram, Ingram, Ruth Deyermond, Bryden Spurling, Robert Dover, Spurling, that's, SERGEY BOBOK, Russia's Organizations: Service, Poland's, Business, Bild, NATO, Germany isn't, Ukraine, King's College London, RAND Corporation, University of Hull, European NATO, RAND, Ukrainian Territorial Defence Forces Locations: Europe, Russia, Ukraine, Eastern Europe, Baltic, Estonia, Lithuania, Latvia, Germany, Washington, Russian, NATO, European, Kharkiv, Soviet Union
While the US dithered over aid, Ukraine had a robust argument for prosecuting the war pretty much as it pleased. "Taking out a particular refinery is not going to immediately undermine Russia's war effort," said Dailey, the RAND strategist. "But consistently putting pressure on Russia's oil sector would have a significant impact on Russia's ability to fight this war." AdvertisementVakulenko, in his article, also noted that that strikes on Russian oil refineries have "little impact on Russian export earnings." Later, Ukraine said that its attacks had reduced Russian oil production and processing by 12%.
Persons: , Ann Marie Dailey, Rafael Loss, Joe Biden's, Marina Miron, Dailey, Volodymyr Zelenskyy, Olga Tokariuk, Tokariuk, Donald Trump, Miron, Whittling, Celeste Wallander, Lloyd Austin, Sergey Vakulenko, There's, Sir Tony Radakin, Biden, James Patton Rogers, Patton Rogers Organizations: Service, White, Telegraph, Business, RAND Corporation, European Council, Foreign Relations, Washington Post, Department of, King's College, London's, House, Carnegie, RAND, Financial, Cornell Brooks Tech Policy Institute, Ukraine Locations: Ukraine, Krasnodar, King's College London, Russia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNATO 100 billion euro aid package would be 'too little' and 'too late' for Ukraine, professor saysMichael Clarke, visiting professor in the department of war studies at King's College London, discusses the likely impact of NATO's potential 100 billion euro ($108.5 billion) aid package for Ukraine.
Persons: Michael Clarke Organizations: NATO, King's College London Locations: Ukraine
The move by Stellantis, worth $88 billion, has sparked fresh discussions on the etiquette around how to execute layoffs. AdvertisementExperts say that virtual and remote-style layoffs aren't the best solution — it shows a lack of empathy and consideration for the workers affected and might push remaining workers to leave. AdvertisementWhen employees feel the "psychological contract" between themselves and their employers is "violated," they may resort to extreme reactions, Jones said. This could also hurt the morale of remaining employees and increase attrition, according to Boodoo. "Research suggests that following a layoff, there's an increase in voluntary turnover among remaining employees.
Persons: , Elon Musk, they'd, Ben Hardy, Amanda Jones, it's, Jones, Muhammad Umar Boodoo, weren't Organizations: Service, Dodge, Wall Street Journal, CNBC, Business, Google, Twitter, Employers, London Business School, King's College London, Warwick Business School, Employees
The blockbuster diabetes drug Ozempic could be manufactured for less than $5 a month, even as Novo Nordisk charges close to $1,000 per month for the injection in the U.S. before insurance, a study released Wednesday suggests. The study also comes after years of political pressure on Novo Nordisk and other drugmakers to slash high costs of diabetes care, especially insulin. Ozempic can generally be produced for less than various forms of insulin, according to the study published in JAMA Network Open. Novo Nordisk's list price for a monthly package of Ozempic is $935.77 before insurance and other rebates. In a statement on Wednesday, Novo Nordisk declined to provide production costs for Ozempic and its weight loss drug counterpart Wegovy.
Organizations: Nordisk, Yale University, King's College Hospital, Novo Nordisk, JAMA, Ozempic, University of Liverpool Locations: U.S, London
Modern tech-enabled versions of modular housing promise a faster, more sustainable solution to housing crises, according to experts. The fact that modular housing is also made in a controlled factory environment means less waste is generated, while also resulting in more energy-efficient homes. A 2022 report from industry group Make UK Modular highlighted that 80% fewer vehicle movements were needed to development sites with modular building. In the U.K. last year, Ilke Homes collapsed, while Legal & General moved to wind down its modular housing factory. By comparison, a Make UK Modular report published last year said more than 3,000 modular homes were being built in the U.K. annually, though there was capacity to build five times that number.
Persons: Prefabrication, William the Conqueror, Andrew Shepherd, Shepherd, Modulous, Jonatan Pinkse, Pinkse, Suzanne Peters, Daniel Paterson, prefabrication, Richard Valentine, Valentine, Selsey Organizations: Bloomberg, Getty, Sears, CNBC, University of Cambridge, Edinburgh Napier University, Ilke, Legal, King's College, Alliance Manchester Business School, Savills Research, McKinsey, Company, Ikea, Vonovia Locations: Foston, Derby, housebuilding, England, U.S, King's College London, Wales, Selsey, Sweden, Japan, prefabrication, Berlin, Germany
The fighters say they intend to disrupt Russia's election and demonstrate opposition to Putin. Putin said there would be payback for the attacks in a speech to Security Council of Russia on Friday. Aleksey Baranovsky, who is part of the Freedom for Russia Legion, said the group's goal was to disrupt the election and show opposition to Putin. A view of the site after Ukrainian shelling that damaged buildings and vehicles in Belgorod, Russia on March 14, 2024. Emil Leegunov/Anadolu via Getty ImagesIt is unlikely that these attacks will have a major impact on the election or the war in Ukraine, but they could serve to embarrass Putin.
Persons: Putin, , reelect Vladimir Putin, Aleksey Baranovsky, Alexey, Jade McGlynn, Alexey Navalny, STRINGER, McGlynn, Emil Leegunov, " McGlynn Organizations: Security, Russia, Service, Russia Legion, Siberian Battalion, Russian Volunteer Corps, for Russia Legion, War Studies Department, King's College London, Getty, CNN, Freedom for Russia Legion, Russian National Guard, Legion, Navalny Locations: Russia, Ukrainian, Russian, Russia's Kursk, Belgorod, , Ukraine, Kursk, Tyotkino, Russia's, Kyiv, Anadolu
A leading state television channel opened with its host railing against the West and NATO. THE KREMLIN MEDIA DIETThe Kremlin regularly meets with the heads of TV stations to give “special instructions on what can be said on air,” said Ovsyannikova. State television broadcasts dull debates between representatives of Putin's opponents. GRANULES OF TRUTHRussian propaganda is “sophisticated and multifaceted,” said Francis Scarr, a journalist who analyzes Russian television for BBC Monitoring. Even those soothed by the Kremlin’s propaganda also could long for a real choice at the polls.
Persons: Alexei Navalny, Vladimir Putin, Putin, whittle, , PUTIN’S, Anna Politkovskaya, Evan Gershkovich, , Marina Ovsyannikova, Sam Greene, Half, Jade McGlynn, , Francis Scarr, McGlynn, Greene Organizations: West, NATO, NTV, Russia, Center for, Levada, King's College, Putin, State, BBC Monitoring, Kremlin Locations: Ukraine, Russia, State, Victoria, Russian, Crimea, Soviet, Washington, West, Ukrainian, Avdiivka, King's College London, RUSSIAN
For years, the Duke professor Dan Ariely was at the top of his game. Three professors behind the blog Data Colada reported evidence of fake data in a 2012 paper Ariely coauthored on honesty pledges. "When people do take a risk and they succeed, everybody enjoys it," Ariely told BI. In 2010, Ariely told NPR that two dentists examining the same teeth for cavities would agree only 50% of the time, citing research from Delta Dental. While the board originally said it would "unanimously stand in support of President Gay," Gay stepped down in early January in response to the backlash.
Persons: Dan Ariely, Dan Ariely's, Jesse L, Martin, Ariely, Duke, sniffed, they'd, James B, , they're, Francesca Gino, Ariely's, Marc Tessier Lavigne, Claudine Gay, Prince Andrew ., he's, Brad Swain, He's, Gordon Pennycook, Sean Gallup, Nick Brown, who's, Michael Sanders, who'd, Sanders, Gino, Aimee Drolet Rossi, Rossi, she'd, Amir, wasn't, hasn't, I've, haven't, isn't, would've, Claudine Gay's, Andrew Lichtenstein, Bill Ackman, Gay, Harvard, doesn't, Gay should've, Brown, Cornell Watson, who've, wouldn't Organizations: Google, NBC, UCLA, Duke, Business, Harvard Business, TED, Irrational, Cornell, Getty, Burda, King's College London, New York Times, NPR, Delta Dental, Higher Education, Hartford, Ariely, Harvard, University, Universities, BI, Colorado's, King's College Locations: Buckingham Palace, British, Hartford, Gaza, Montana
Alexey Navalny lost consciousness after taking a walk and died, per Russia's Federal Prison Service. They have a track record of killing and ordering the killing of political opponents, they said. At least, that is what prison officials said on Friday, announcing the death of Russia's main opposition politician. Maxim Alyukov, a political sociologist at King's College London with a focus on Russia, said the death was consistent with a "political killing." This story is available exclusively to Business Insider subscribers.
Persons: Alexey Navalny, Putin, , Navalny, Maxim Alyukov Organizations: Prison Service, Kremlin, Service, Western, King's College London, Business Locations: Russia
In the past, leading opposition figures in Putin’s Russia who stood up to him and who questioned his authority have tended to be dealt with harshly. Life in Putin's Russia View All 14 ImagesThe liberal Boris Nemtsov was killed, for instance, in 2015 outside the Kremlin (supposedly by agents linked to Putin’s FSB). He needs the election to be seen as “clean” as a means of cementing his legacy as Russian state leader. As leader, Putin has regularly been recorded as enjoying popular support. While Putin does appear now to enjoy a high degree of popularity in Russia (albeit largely media-engineered), this may not last.
Persons: Rod Thornton, Vladimir Putin, Putin, Tsar Peter the Great, Nikolai Kharitonov, Putin –, Yekaterina Duntsova, Boris Nemtsov, Alexei Navalny, Mikhail Khodorkovsky, , Alexander Lukashenko Organizations: Communist, Kremlin, St, International Studies , Defense, Security, King's College Locations: Russia, Soviet, Ukraine, Putin’s Russia, Siberia, Navalny, London, Russian, Moscow, St Petersburg
It found that 60% of American millennials would take a 20% salary cut for better work-life balance. Just 33% of Baby Boomers were willing to take that salary cut, while 43% of Gen X and 56% of Gen Z agreed. The only countries with more millennials willing to take a near-quarter pay cut to prioritize their quality of life were Thailand at 70% and India at 69%. In September 2023, King's College London published a study that found millennials care more about work-life balance than any other generation. 60% of American millennials would take a 20% salary cut for a better work-life balance.
Persons: Ford, , millennials, X, Gen Z, balance.html Ford, Baby Boomers, Gen Xers, Karl Treacher, Treacher Organizations: Boomers, Service, King's College London, Culture Institute of Australia, Magazine Locations: United States, Canada, Mexico, China, Australia, Thailand, India, millennials
Peter Thiel has invested in an effort to create an Olympic Games that welcomes doping. The PayPal cofounder was one of several investors named Wednesday in the Enhanced Games. AdvertisementPeter Thiel is backing an effort to create an Olympic Games that welcomes using performance-enhancing drugs. The Olympic Games bans the use of hundreds of medications and drugs, including categories like stimulants, anabolic agents, and hormone and metabolic modulators. Just this week, Russian figure skater Kamila Valieva was retroactively disqualified from the 2022 Beijing Olympic Games after the Court of Arbitration for Sport ruled she'd violated anti-doping rules.
Persons: Peter Thiel, , Balaji Srinivasan, Aron D'Souza, Michael Sagner, Kamila Valieva Organizations: Games, PayPal, Service, Apeiron Investment Group, King's College London, Medical Advisory Commission, Olympic Games, Beijing Olympic Games, Sport Locations: Russian
Read previewRussia's use of North Korean ballistic missiles in Ukraine could boost missile sales for Kim Jong Un's government, a military analyst told The Wall Street Journal. Last week, South Korea's ambassador to the UN accused North Korea of using Ukraine as a "test site" for its nuclear-capable missiles. "This is the cash cow," Dalton said, adding that now "North Korea will be able to command a premium for these systems in ways it wasn't before." Fragments of what may be North Korean missiles used by Russia in an attack on Kharkiv, Ukraine, on January 6, 2024. "If Ukraine, for example, proves more successful in shooting down North Korean missiles compared to Russian ones, then we can assume that North Korean technology is not as advanced," he said.
Persons: , Kim Jong, Joonkook Hwang, John Kirby, Toby Dalton, Dalton, Ramon Pacheco Pardo, Pardo, Bruce Bechtol, Bechtol, Yoo Sang, Andriy Kostin Organizations: Service, Wall Street, Business, UN, National Security, Nuclear, Carnegie Endowment, Getty, King's College London, Federation of American Scientists, Angelo State University in, country's Intelligence Service, CNN, Suspilne, Meduza Locations: Korean, Ukraine, South, Korea, Russia, North Korea, Kharkiv, Iran, Angelo State University in Texas, South Korea, Japan
Read preview"Succession" star Kieran Culkin asked his wife, Jazz Charton, for more children following his first Emmy win on Monday night. Jazz Charton met Kieran Culkin in 2012 after an "impulsive" move to New York City. Kieran Culkin and Jazz Charton at the season 4 premiere of "Succession." Kieran Culkin and Jazz Charton attend the 29th Annual Critics Choice Awards at Barker Hangar on January 14, 2024, in Santa Monica, California. In April 2022, Charton wrote in one post that she got a tattoo based on one of her daughter's drawings.
Persons: , Kieran Culkin, Roman Roy, Culkin, — Kinsey, Wilder Wolf, Charton, Jazz Charton, Matt Sayles, Invision, Coco Charton, We've, Charton's, Kinsey, Steve Granitz, Instagram, Nina Westervelt, Kinsey Sioux, Zissou, I've, we've, Kieran, Emma McIntyre, Wolf, The Beverly Hilton, Bauer, Griffin, Taika Waiti, I'd Organizations: Service, Business, Jazz, Warner Bros, Beverly Hilton Hotel, King's College, Hollywood, Globe, Golden Globe, Barker, Choice, The Beverly, Axelle Locations: New York City, Beverly Hills , California, London, Iowa, Santa Monica , California, Instagram
Fighting remains intense in southern and eastern Ukraine, where Russian units are deeply entrenched, preventing Ukraine's forces from making significant advances. They note that neither Russia nor Ukraine seems to be at a point where a political resolution is palatable, however. 'Red lines' firmly drawnBoth Russia and Ukraine have repeatedly said they want the war to end — but on their terms. For its part, the Kremlin said in December that it saw no current basis for peace talks, and called Kyiv's peace plan an "absurd process" as it excluded Russia. One big stumbling block in any potential peace talks now is their respective positions on territorial integrity.
Persons: Volodymyr Zelenskyy, It's, Sam Greene, Pierre Crom, Stephen Twitty, Vladimir Putin, Sam Cranny, Evans, Putin, there's, Zelenskyy, Mario Bikarski, Mitch McConnell, Chuck Schumer, Bill Clark Organizations: Anadolu, Getty, Economic, King's College London, CNBC, U.S, Army, U.S . European Command, Economic Forum, Royal United Services Institute, Kremlin, Kherson —, Anadolu Agency, CIS, Senators, Capitol, Cq, Inc Locations: Kharkiv, Ukraine, Ukrainian, Russia, Switzerland, Davos, Kyiv, Malta, China, Crimea, Avdiivka, Europe, Moscow, Russian, Estonia, Belarus, Turkey, Donetsk, Luhansk, Zaporizhzhia, Kherson, Ky
A U.S. official said more than a dozen locations were targeted in strikes that were not just symbolic but intended to weaken the Houthis' military capabilities. The United States and allies had deployed a naval task force to the area in December, and the situation had escalated in recent days. U.S. Defense Secretary Lloyd Austin, who is in hospital due to surgery complications, said in a statement that the strikes targeted Houthi drones, ballistic and cruise missiles, costal radar and air surveillance. The United States also accused Iran of being involved operationally in the Houthi attacks, providing the military capabilities and intelligence to carry them out. The United States has troops on the ground in Syria and Iraq, and has previously retaliated for attacks there by Iran-backed groups.
Persons: Phil Stewart, Idrees Ali, Mohammed Ghobari WASHINGTON, Joe Biden, Houthis, Sanaa, Ali Ahmad, Mahmoud, James Heappey, Brent, Lloyd Austin, Tesla, Andreas Krieg, Andrew Mills, Maher Hatem, Jeff Mason, Kanishka Singh, Eric Beech, Peter Graff, Angus MacSwan Organizations: British, U.S, Hamas, U.S . Defense, Washington, King's College, United, West Bank Locations: ADEN, Yemen, Iran, Gaza, Sanaa, Taiz, Hodeidah, Hajjah governorate, United States, Israel, Europe, Asia, U.S, Britain, Africa, Germany, London . Saudi Arabia, U.N, Lebanon, Syria, Iraq, Washington, Doha, Dubai
Tesla is recalling around 2 million of its vehicles in the U.S. to fix Autopilot features that auto safety regulators found to be confusing to drivers, or too easy for them to misuse and abuse. The NHTSA opened an investigation into 11 incidents involving Tesla cars where Autopilot and Autosteer were involved in 2021, a probe which ultimately led to today's voluntary recall. He hopes Tesla and NHTSA will pay special attention to roads with cross traffic, because there have been multiple fatal crashes with trucks in that situation involving Tesla vehicles with Autopilot engaged. If people need to steer, for instance, they must pay attention. The Autopilot system will still be helpful if it just does the accelerating and braking but people could not not pay attention."
Persons: Elon, Twitter —, Tesla, Autosteer, Philip Koopman, Koopman, hasn't, Erik Vinkhuyzen Organizations: SpaceX, Twitter, New York Times, National, Traffic, NHTSA, Federal Reserve, Carnegie Mellon University, CNBC, King's College London, CNBC PRO Locations: New York City, U.S
NHS diabetes patients – including Gradwell, who went for weeks without full medication – pay nothing for their medication. The shortage persists even after Ozempic's manufacturer Novo Nordisk (NOVOb.CO) launched Wegovy, a semaglutide drug solely for weight loss, in September. Rightangled told Reuters it is within its rights to continue to prescribe Ozempic for weight loss. Two had stopped offering it for weight loss by October, but Rightangled continued to make it available as of Nov. 17, Reuters found. He said his oncologist said that while he could not prescribe Ozempic, it would be good for his health if he took it for weight loss.
Persons: Kim Gradwell, , John, it's, Rightangled, Gradwell, Penny Ward, I've, Abdullah Sabyah, Ward, Juniper, Ben, Doctors, Novo, Ozempic, semaglutide, prescribers, Rightangled's Sabyah, Tyne wasn't, Gradwell's, Yaasir Mamoojee, We've, Maggie Fick, Marine Strauss, Charlotte Van Campenhout, Chad Terhune, Sara Ledwith, Josephine Mason Organizations: Diabetes, National Health Service, Novo Nordisk, King's College, Department of Health, Social Care, John, Reuters, Oxford University ., NHS, Alliance Healthcare, Alliance, Diabetes UK, NICE, semaglutide, Oxford University, General Pharmaceutical Council, Tyne, Thomson Locations: Dudley , North Tyneside, Britain, Novo, United States, London, U.S, England, Europe, Ozempic, Newcastle, Brussels, Los Angeles
Top court upholds ruling that UK's Rwanda migrant plan is unlawful
  + stars: | 2023-11-15 | by ( ) www.cnbc.com   time to read: +1 min
Britain's Prime Minister Rishi Sunak speaks during the London Defense Conference, at King's College, in central London, on May 23, 2023. Britain's Supreme Court ruled on Wednesday that the government's scheme to send asylum seekers to Rwanda was unlawful, dealing a crushing blow to Prime Minister Rishi Sunak before an election expected next year. But the top court on Wednesday unanimously rejected the government's appeal against an earlier ruling that migrants could not be sent to Rwanda because it could not be considered a safe third country. The Rwanda scheme was the central plank of Sunak's immigration policy as he prepares to face an election next year, amid concern among some voters about the numbers of asylum seekers arriving in small boats. Sunak said the government had been planning for all eventualities and would do whatever it took to stop illegal migration.
Persons: Rishi Sunak, Robert Reed, Sunak Organizations: Britain's, London Defense Conference, King's College Locations: London, Rwanda, Britain, East, Europe
The Tunnels of Gaza
  + stars: | 2023-11-10 | by ( Marco Hernandez | Josh Holder | ) www.nytimes.com   time to read: +10 min
The Tunnels of Gaza How the subterranean maze below the Gaza Strip works. Gaza City Residential buildings Entrance in the basement About 65 ft underground Vent shaft Vent shaft Ammunition storage Tunnel network Gaza City Residential buildings Entrance in the basement About 65 ft underground Ammunition storage Tunnel network Gaza City Residential buildings Entrance in the basement About 65 ft underground Ammunition storage Tunnel network Gaza City Residential buildings Entrance in the basement About 65 ft underground Vent shaft Ammunition storage Tunnel networkThe Gaza Strip has all the harrowing pitfalls soldiers have learned to expect from urban warfare: high-rise ambushes, truncated lines of sight and, everywhere, vulnerable civilians with nowhere to hide. The Hamas militants who launched a bloody attack on Israel last month have built a maze of hidden tunnels some believe extend across most if not all of Gaza, the territory they control. The source material includes photographs taken inside the passageways by journalists, accounts from researchers who study the tunnels, and details of the network that emerged from Israeli forces when they invaded Gaza in 2014. Smuggling tunnels These tunnels have been documented in the Rafah area, where they are used to bring all types of goods and products into Gaza from Egypt.
Persons: Marco Hernandez, Benjamin Netanyahu, Wood, John W, Spencer, , Ahron Bregman, Bregman Organizations: Hamas, Livestock, U.S . Military, Institute, Modern Warfare, King's College London Locations: Gaza, Gaza City, Israel, Egypt, Rafah, Marco Hernandez Israeli
Is modern food making us sick?
  + stars: | 2023-11-08 | by ( Idil Karsit | ) www.cnbc.com   time to read: +2 min
"Most of the ultra-processed food that you find are higher in salt, fat and sugar. The $128 billion British food and beverage industry is the largest manufacturing sector in the country, employing more than 400,000 people. "We are calling for food sector companies to report a set of health and sustainability metrics that would be on a mandatory basis," said Sophie Lawrence, who leads a group of investors called the Investor Coalition for Food Policy, managing assets worth $7 trillion. "If you're a leading business, and you know, you want to invest in healthier food, you're essentially taking a big commercial risk because it's not a level playing field", said Rebecca Tobi, senior business and investment manager at the Food Foundation. So, could ultra-processed food be taken off the menu?
Persons: Tim Spector, ZOE –, Kiara Chang, Sophie Lawrence, it's, Rebecca Tobi Organizations: King's College London, Imperial College London, Investor Coalition, Food Policy, Food Foundation Locations: U.S
The impacts of air pollution are a growing concern for health organizations and climate regulators. The pandemic prompted some countries to prioritize finding ways to alleviate and prevent air pollution, including encouraging people to wear face masks. Vitale said exposure to negative ions could increase serotonin levels in the brain, which would help alleviate stress, anxiety, and depression, as well as improve sleep quality. At the same time, the UV light shines on the nanoparticle catalyst, which causes a reaction that releases negative ions. Trahms said the device emitted a constant stream of millions of negative ions, which bind to pollutants — or agglomerate — rather than destroy them.
Persons: , Jay Vitale, COVID, Vitale, there's, Christiaan Trahms, Trahms, Nicola Carslaw Organizations: Service, World Health Organization, Air, National Library of Medicine, King's, AA, Food and Drug Administration, University of York Locations: Milton Keynes, South Africa, London
People who study Russia say war and a glorious death are ingrained in the national psyche. The willingness of President Vladimir Putin and his generals to sacrifice thousands of soldiers in often-reckless assaults has become a blood-drenched hallmark of the war. "So in his own family, they've already paid that blood sacrifice, and he did his duty during the Cold War. "The official mantra of the Russian military is John 15:13, from the Bible," Carleton said. In Putin recruiting soldiers from villages in remote parts of Russia and among its non-Russian ethnic groups, Putin can avoid the perception of high casualty rates.
Persons: , Vladimir Putin, Putin, Gregory Carleton, Carleton, they've, Jaroslava Barbieri, Kremlin, Barbieri, Ben Soodavar, Kirill Organizations: Service, Avdiivka, UK Ministry of Defence, Tufts University, Birmingham University, Ukraine's Military Intelligence, King's College London, Nazi, Reuters, Russian Orthodox Church Locations: Russia, Ukraine, Russian, Germans, Kyiv, Nazi Germany, Ukrainian, Donetsk, Moscow, Donbas
Billionaires worldwide should have to pay a 2% wealth tax, the EU Tax Observatory says. AdvertisementAdvertisementBillionaires should have to pay a 2% global minimum tax imposed by governments, researchers at the EU Tax Observatory say. They listed the tax as a key proposal in their Global Tax Evasion Report and argued that it would raise close to $250 billion annually. Its researchers said that the tax would mimic the 15% global minimum tax introduced for multinational companies. Currently the world's billionaires collectively pay around $44 billion a year in individual income taxes and wealth taxes, the researchers wrote.
Persons: Joseph Stiglitz, , Stiglitz Organizations: EU, Service, European Union, Paris School of Economics, London School of Economics, King's College Locations: King's College London
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