Real wages across the world dropped in 2022 for the first time since the global financial crash as the worsening cost-of-living crisis threatens to spark social unrest and deepen inequality, the United Nations labor agency warned earlier this week.
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Baring Vostok founder Michael Calvey was found guilty in 2021 of embezzling several million dollars in Russia The suspended sentence of US private-equity investor and Baring Vostok founder Michael Calvey has been reduced by two months after an appeal, Interfax reported on Thursday, citing a court ruling.
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