How good is Germany to its super rich?
It s an election year and the fight against inequality is becoming a hot topic. The number of millionaires and billionaires in Germany is growing. How much does Germany favor the very rich to get even richer?
Hamburg Blankenese on the Elbe river is one of Germany s most affluent neighborhoods
Germany just got a new billionaire. Financier and TV celebrity Carsten Maschmeyer landed on Forbes billionaire list Thursday for the first time with an estimated net worth of $1.1 billion (€0.9 billion) I myself am an example of how it s possible to reach the top from the most restricted and poorest of circumstances, he said in an online seminar in April on how to become rich, referring to his childhood living with his mother who had a small income from a secretarial job. Being rich consists of many small steps and a ton of discipline and perseverance.
Europe Heads for Jobs Crunch That May Be Deeper Than the U.S.’s
Bloomberg 4 hrs ago
(Bloomberg)
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The labor shortage that is hitting the U.S. as the nation rebounds from the pandemic is also coming to Europe, where it could prove even more difficult to fix.
Like the U.S., where April’s payroll growth fell far short of expectations, Europe will struggle to match workers with jobs. That’s despite unemployment at more than 7% in the European Union and more than twice as high in Greece and Spain which isn’t predicted to return to pre-crisis levels before 2023.
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(Reuters) -European stocks headed lower on Wednesday, tracking weakness on Wall Street, as investors grew wary of rising inflationary pressures increasing the odds of an early tightening of monetary policy.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 12, 2021. REUTERS/Staff
The pan-European STOXX 600 index fell 1.1%, but was trading less than 2% below its all-time high. Miners, travel and technology stocks were the top decliners.
A jump in regulated electricity and gas bills and clothing and footwear prices saw British consumer price inflation more than double in April, data showed on Wednesday.