NEW YORK: People with lower socioeconomic status may have fewer years of good physical functioning in old age than their more affluent, educated counterparts, a recent study suggests. Researchers examined data on socioeconomic status, chronic medical problems, and walking speed – a proxy for physical functioning – for 109,000 adults ages 45 to 90 from 24 countries in Europe, the U.S., Latin America, Africa and Asia. Socioeconomic status includes income, education and occupation and offers a snapshot of how class shapes…
WASHINGTON: Tackling disparities in education is crucial to reducing global income inequality, the International Monetary Fund said on Wednesday, urging governments to spend more on schooling for disadvantaged children. In a report, the IMF said that over the past three decades, 53 percent of countries had become more unequal but experiences varied widely. Global inequality fell -- principally as India and China experienced swift economic growth -- but in wealthier countries the divide between rich and poor had…
WASHINGTON: Republican presumptive presidential nominee Donald Trump claimed again Tuesday that he is worth "in excess of $10 billion" -- more than twice the level of independent estimates.
ROME: Italy's health minister is proposing doubling a 'baby bonus' incentive for couples to have more children to combat what she calls a catastrophic decline in the country's birth rate.
PARIS: Argentina and Barcelona star Lionel Messi remains the world's highest paid footballer with an annual income of 74 million euros ($84.3 million, £59.3 million), according to a report set to appear in Tuesday's edition of France Football magazine.
NEW DELHI: India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.
BEIJING: An increase in the smuggling of synthetic drugs like methamphetamine from Southeast Asia has fueled a rise in violent crime in China this year, a state-run newspaper reported on Wednesday.
Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down almost 5 percent.