The gender pay gap is not expected to close for another three decades, according to a recent analysis by the Trades Union Congress (TUC). The group warned that at the current rate of progress, the disparity between men and women's average wages will persist until 2056. This news comes amidst a flurry of other international developments, including ongoing conflicts and regional tensions.
The TUC's analysis of official pay data revealed that the gender pay gap currently stands at 12.8%, or £2,548 per year. The finance and insurance industry exhibits the widest gap, at 27.2%, while the leisure service sector shows a much smaller gap of 1.5%. Employers with over 250 UK staff are required to report pay data.
In other international news, Iran continues its efforts to be removed from the Financial Action Task Force (FATF) blacklist, despite facing two decades of opposition. The Financial Intelligence Unit of Iran's Ministry of Economic Affairs stated their commitment to this goal. The FATF, based in Paris, recently renewed its blacklisting of Iran.
Meanwhile, the United Nations reported that over 6,000 people were killed in a three-day period last October when a Sudanese paramilitary group took control of Al Fashir. The UN Human Rights Office stated that the Rapid Support Forces (RSF) offensive included widespread atrocities, potentially constituting war crimes and crimes against humanity. Videos circulating online reportedly showed RSF fighters committing acts of violence.
Amidst these global events, US Senator Lindsey Graham urged Saudi Arabia and the United Arab Emirates to resolve their disputes, emphasizing the importance of unity among Gulf allies. Graham stated that divisions could indirectly strengthen Iran's influence, speaking at the Munich Security Conference. "Don't let this moment pass. Be smart, but don't be locked down with fear," he said.
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