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    US Fed members divided over rate hikes in 2018

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    Trump denounces ex aide Bannon, says he's 'lost his mind'

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    Israeli lawmakers advance bill on death penalty for 'terrorists'

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    Head of Iran Guards announces 'end of the sedition'

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    Palestinian shot dead in West Bank clashes with Israeli army: ministry

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    Russian helicopter crashes in Syria, two dead: Moscow

  • Malabo (Equatorial Guinea) (AFP) - 01/03/2018 - 11:18

    Equatorial Guinea says it thwarted 'coup'

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    Palestinians say Jerusalem 'not for sale' after Trump aid threat

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    Tens of thousands gather across Iran for pro-regime rallies: state TV

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    North's vow to restore inter-Korean hotline 'very significant': Seoul

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    Palestinians will not be 'blackmailed' by Trump funding threat: senior official

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    N. Korea says will open inter-Korean hotline: Seoul

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    Death toll from Peru bus accident rises to 48: police

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    US nuclear button 'much bigger' than N.Korea's: Trump

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    Trump threatens to cut aid to Palestinian territories

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    Nasdaq ends over 7,000 for 1st time, S&P 500 also hits new record

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    Macron 'worried' about Iran, asks Rouhani for 'restraint'

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    At least 25 dead in Peru as bus plunges into ravine

  • United Nations (United States) (AFP) - 01/02/2018 - 20:23

    US envoy calls for emergency UN session on Iran

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    Rouhani calls on Macron to act over anti-Iran 'terrorists' in France

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    Iran reformists condemn violence and US support for protests

  • Washington (AFP) - 01/02/2018 - 15:27

    Sanctions, pressure having 'big impact' on N.Korea: Trump

  • Tehran (AFP) - 01/02/2018 - 13:54

    Iran says Trump should focus on 'hungry' people in US

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    Supreme leader blames Iran's 'enemies' for unrest: state TV

  • Tehran (AFP) - 01/02/2018 - 09:18

    450 people arrested over three days in Tehran: official

  • Tehran (AFP) - 01/02/2018 - 08:03

    9 dead in overnight Iran unrest: state TV

  • Seoul (AFP) - 01/02/2018 - 06:19

    S. Korea proposes high-level talks with North

  • Tehran (AFP) - 01/01/2018 - 20:12

    Policeman killed, 3 wounded in Iran violence: state TV

  • Tehran (AFP) - 01/01/2018 - 17:41

    New protests break out in Tehran: media

  • Ofer Military Prison (Palestinian Territories) (AFP) - 01/01/2018 - 15:51

    12 charges sought against Palestinian 'slap video' teen: lawyer

  • Washington (AFP) - 01/01/2018 - 13:59

    Trump says 'time for change' in Iran

  • Tehran (AFP) - 01/01/2018 - 12:17

    Death toll rises to 10 in overnight Iran unrest: state broadcaster

  • Tehran (AFP) - 01/01/2018 - 12:06

    Iranian people 'will respond to rioters and lawbreakers': Rouhani

  • Tehran (AFP) - 01/01/2018 - 09:37

    Two shot dead in protests in southwest Iran: lawmaker

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  • Tokyo (AFP) - 01/04/2018 - 07:12

    Tokyo's Nikkei index closes up 3.26% on first trading day of 2018

  • Paris (AFP) - 01/04/2018 - 06:01

    Cate Blanchett to head Cannes festival jury

  • Beirut (AFP) - 01/03/2018 - 23:44

    23 civilians killed near Damascus, mainly from Russian air strikes: monitor

  • Malabo (Equatorial Guinea) (AFP) - 01/03/2018 - 23:31

    E.Guinea troops shoot dead 'mercenary' in clashes: state TV

  • New York (AFP) - 01/03/2018 - 22:07

    US stocks end at fresh records on strong data, higher oil prices

  • Washington (AFP) - 01/03/2018 - 20:03

    US Fed members divided over rate hikes in 2018

  • Washington (AFP) - 01/03/2018 - 19:38

    Trump denounces ex aide Bannon, says he's 'lost his mind'

  • Washington (AFP) - 01/03/2018 - 18:44

    US considering new sanctions over Iran crackdown: official

  • Quito (AFP) - 01/03/2018 - 18:34

    Ecuador's president confirms jailed VP stripped of office

  • United Nations (United States) (AFP) - 01/03/2018 - 18:14

    UN chief says further violence must be avoided in Iran

  • Ramallah (Palestinian Territories) (AFP) - 01/03/2018 - 17:00

    Palestinian Authority agrees to restore Gaza electricity payments

  • Jerusalem (AFP) - 01/03/2018 - 16:06

    Israeli lawmakers advance bill on death penalty for 'terrorists'

  • Tehran (AFP) - 01/03/2018 - 15:38

    Head of Iran Guards announces 'end of the sedition'

  • Ramallah (Palestinian Territories) (AFP) - 01/03/2018 - 13:51

    Palestinian shot dead in West Bank clashes with Israeli army: ministry

  • Moscow (AFP) - 01/03/2018 - 11:29

    Russian helicopter crashes in Syria, two dead: Moscow

  • Malabo (Equatorial Guinea) (AFP) - 01/03/2018 - 11:18

    Equatorial Guinea says it thwarted 'coup'

  • Ramallah (Palestinian Territories) (AFP) - 01/03/2018 - 09:51

    Palestinians say Jerusalem 'not for sale' after Trump aid threat

  • Tehran (AFP) - 01/03/2018 - 08:03

    Tens of thousands gather across Iran for pro-regime rallies: state TV

  • Seoul (AFP) - 01/03/2018 - 06:43

    North's vow to restore inter-Korean hotline 'very significant': Seoul

  • Jerusalem (AFP) - 01/03/2018 - 06:14

    Palestinians will not be 'blackmailed' by Trump funding threat: senior official

  • Seoul (AFP) - 01/03/2018 - 05:45

    N. Korea says will open inter-Korean hotline: Seoul

  • Lima (AFP) - 01/03/2018 - 04:06

    Death toll from Peru bus accident rises to 48: police

  • Washington (AFP) - 01/03/2018 - 02:08

    US nuclear button 'much bigger' than N.Korea's: Trump

  • Lima (AFP) - 01/03/2018 - 00:04

    Death toll from Peru bus crash rises to 36: police

  • Washington (AFP) - 01/02/2018 - 23:56

    Trump threatens to cut aid to Palestinian territories

  • New York (AFP) - 01/02/2018 - 22:06

    Nasdaq ends over 7,000 for 1st time, S&P 500 also hits new record

  • Paris (AFP) - 01/02/2018 - 21:55

    Macron 'worried' about Iran, asks Rouhani for 'restraint'

  • Lima (AFP) - 01/02/2018 - 20:41

    At least 25 dead in Peru as bus plunges into ravine

  • United Nations (United States) (AFP) - 01/02/2018 - 20:23

    US envoy calls for emergency UN session on Iran

  • Tehran (AFP) - 01/02/2018 - 19:47

    Rouhani calls on Macron to act over anti-Iran 'terrorists' in France

  • Tehran (AFP) - 01/02/2018 - 15:44

    Iran reformists condemn violence and US support for protests

  • Washington (AFP) - 01/02/2018 - 15:27

    Sanctions, pressure having 'big impact' on N.Korea: Trump

  • Tehran (AFP) - 01/02/2018 - 13:54

    Iran says Trump should focus on 'hungry' people in US

  • Tehran (AFP) - 01/02/2018 - 11:34

    Supreme leader blames Iran's 'enemies' for unrest: state TV

  • Tehran (AFP) - 01/02/2018 - 09:18

    450 people arrested over three days in Tehran: official

  • Tehran (AFP) - 01/02/2018 - 08:03

    9 dead in overnight Iran unrest: state TV

  • Seoul (AFP) - 01/02/2018 - 06:19

    S. Korea proposes high-level talks with North

  • Tehran (AFP) - 01/01/2018 - 20:12

    Policeman killed, 3 wounded in Iran violence: state TV

  • Tehran (AFP) - 01/01/2018 - 17:41

    New protests break out in Tehran: media

  • Ofer Military Prison (Palestinian Territories) (AFP) - 01/01/2018 - 15:51

    12 charges sought against Palestinian 'slap video' teen: lawyer

  • Washington (AFP) - 01/01/2018 - 13:59

    Trump says 'time for change' in Iran

  • Tehran (AFP) - 01/01/2018 - 12:17

    Death toll rises to 10 in overnight Iran unrest: state broadcaster

  • Tehran (AFP) - 01/01/2018 - 12:06

    Iranian people 'will respond to rioters and lawbreakers': Rouhani

  • Tehran (AFP) - 01/01/2018 - 09:37

    Two shot dead in protests in southwest Iran: lawmaker

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News

British 'fat cats' overtake average annual pay in four days

AFP/File / Justin TALLIS Martin Sorrell, head of advertising and public relations giant WPP, is reportedly the highest paid chief executive among FTSE 100 companies, taking home £48 million ($65 million)

Bosses at Britain's largest public companies will have on average made more money in the first four days of 2018 than typical workers earn annually, according to independent calculations released Thursday.

The High Pay Centre, a think tank, and human resources body The Chartered Institute of Personnel and Development (CIPD), have dubbed January 4 "Fat Cat Thursday" to mark their findings.

The organisations report the mean pay of chief executives at companies listed on the London Stock Exchange's benchmark FTSE 100 index will pass employees' median yearly salary of £28,758 (€32,328, $38,861) during the day.

Although they note executive pay has fallen amid "modest" restraint by company boards, the study authors warn the pay gap between top and average workers "remains wide".

"While it was encouraging to see a tiny amount of restraint on pay at the top of some FTSE 100 companies last year, there are still grossly excessive and unjustifiable gaps between the top and the rest of the workforce," said Stefan Stern, director of the High Pay Centre.

"Publishing pay ratios will force boards to acknowledge these gaps," he added.

"We look forward to working with business and government to make this new disclosure requirement work as effectively as possible."

The average pay of the chief executives had dropped by a fifth through 2016 to £4.5 million (€5.1 million, $6.1 million), according to the latest available figures published by the think tanks.

However, that remains 120 times more than an average full-time worker's salary, a slight drop on the ratio of 122-1 of the previous year.

"We need a significant re-think on how and why we reward CEOs, taking into account a much more balanced scorecard of success beyond financial outcomes, looking more widely at the impacts of businesses on all stakeholders from employees to society more broadly, said Peter Cheese, chief executive of the CIPD.

The two groups said they were working together to push for high pay to be addressed as part of a broader review of corporate governance in Britain, including greater transparency on workforce data.

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News

British 'fat cats' overtake average annual pay in four days

AFP/File / Justin TALLIS Martin Sorrell, head of advertising and public relations giant WPP, is reportedly the highest paid chief executive among FTSE 100 companies, taking home £48 million ($65 million)

Bosses at Britain's largest public companies will have on average made more money in the first four days of 2018 than typical workers earn annually, according to independent calculations released Thursday.

The High Pay Centre, a think tank, and human resources body The Chartered Institute of Personnel and Development (CIPD), have dubbed January 4 "Fat Cat Thursday" to mark their findings.

The organisations report the mean pay of chief executives at companies listed on the London Stock Exchange's benchmark FTSE 100 index will pass employees' median yearly salary of £28,758 (€32,328, $38,861) during the day.

Although they note executive pay has fallen amid "modest" restraint by company boards, the study authors warn the pay gap between top and average workers "remains wide".

"While it was encouraging to see a tiny amount of restraint on pay at the top of some FTSE 100 companies last year, there are still grossly excessive and unjustifiable gaps between the top and the rest of the workforce," said Stefan Stern, director of the High Pay Centre.

"Publishing pay ratios will force boards to acknowledge these gaps," he added.

"We look forward to working with business and government to make this new disclosure requirement work as effectively as possible."

The average pay of the chief executives had dropped by a fifth through 2016 to £4.5 million (€5.1 million, $6.1 million), according to the latest available figures published by the think tanks.

However, that remains 120 times more than an average full-time worker's salary, a slight drop on the ratio of 122-1 of the previous year.

"We need a significant re-think on how and why we reward CEOs, taking into account a much more balanced scorecard of success beyond financial outcomes, looking more widely at the impacts of businesses on all stakeholders from employees to society more broadly, said Peter Cheese, chief executive of the CIPD.

The two groups said they were working together to push for high pay to be addressed as part of a broader review of corporate governance in Britain, including greater transparency on workforce data.

AFP/File / Justin TALLIS Martin Sorrell, head of advertising and public relations giant WPP, is reportedly the highest paid chief executive among FTSE 100 companies, taking home £48 million ($65 million)

Bosses at Britain's largest public companies will have on average made more money in the first four days of 2018 than typical workers earn annually, according to independent calculations released Thursday.

The High Pay Centre, a think tank, and human resources body The Chartered Institute of Personnel and Development (CIPD), have dubbed January 4 "Fat Cat Thursday" to mark their findings.

4 Jan 2018

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