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There are now 3,110 billionaires but analysis shows ‘deep structural acceleration’ in wealth creation around worldThe number of billionaires in the world could reach nearly 4,000 by 2031, figures suggest, as the super-rich accumulate wealth at an accelerating rate.There are now 3,110 billionaires globally, according to analysis by the estate agent Knight Frank. This is forecast to rise by 25% over the next five years, taking the total to 3,915. Continue reading...

ONS data for three months to February is not expected to alter Bank of England’s decision on interest ratesUnemployment in the UK unexpectedly fell in the three months to February, according to official figures – but the fallout from the conflict in the Middle East is expected to cause a rise in job cuts.The Office for National Statistics (ONS) said that the rate of unemployment was 4.9% in the three months to February. This compares with 5.2% in the three months to January, a rate that economists had expected to also see in February. Continue reading...

Rising sea levels and ecological damage caused by heavy use of flood defence system force city authorities to consider next moveThe Arsenale, the colossal shipyard that was the engine of the Venetian Republic’s domination for seven centuries, remains the nucleus of the city’s control over the water. Its northern section is made up of cavernous brick warehouses called capannoni, which in the 16th century could produce a warship a day through a rigorously ordered assembly line.Now, one of them houses the operations centre of the Mose, the sprawling flood defence system that protects the city. Continue reading...

Voters broadly split along generational lines as pro-Russian former president leads in pollsAnna Bodakova’s days tend to be rather hectic at the moment. Hopping between meeting voters on the street, political debates and recording videos for social media, the 23-year-old is standing to become an MP in Bulgaria’s general election.Last year she was among the many young Bulgarians who participated in countrywide mass protests over the government’s economic policies and perceived failure to tackle corruption. Those protests ultimately resulted in the resignation of the prime minister, Rosen Zhelyazkov, and his cabinet in December. Continue reading...

How did the PM’s chosen US ambassador fail security vetting but still get approved, what exactly did he know, and who is to blame?Downing Street has tried to do a lot of explaining, as has Keir Starmer himself. But there are still plenty of things we do not know about how Peter Mandelson failed security vetting, and what the prime minister did or did not know about it. Continue reading...

Leader of leftwing Economic Freedom Fighters was convicted last year for firing rifle in the air at 2018 rallyThe South African leftwing politician Julius Malema has been sentenced to five years in prison for firing a rifle in the air at a political rally in 2018.Lawyers for the leader of the Economic Freedom Fighters, South Africa’s fourth largest political party, immediately sought leave to appeal. Legal arguments are ongoing. Continue reading...