Economy

The income gap  

 

Five richest people doubled their wealth in three years  

 

The top five richest people in the world - Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison and Warren Buffett - have a combined fortune of almost SEK 9,000 billion. The group has thus more than doubled its total wealth since 2020, according to Oxfam.  

 

In conjunction with the WEF in Davos, Oxfam urges governments to rein in the power of the economic elite, reports Reuters. Among other things, the organization suggests that one should get better at breaking up monopolies, taxing excess profits and wealth and allowing wage earners to become shareholders in the companies. 

 

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Group is suspected of having planned action against the London Stock 

 

Exchange Six people have been arrested in Great Britain on suspicion of having planned an action against the London Stock Exchange, writes the BBC.  

 

According to the police, it is about Palestinian activists who are believed to have planned to cause damage and block the stock exchange to stop trading on Monday.  

 

The people - three women and three men - were arrested in London, Brighton and Liverpool and remain in custody.  

 

The action could be stopped thanks to the newspaper Daily Express, which received information about the plans and contacted the police, writes the BBC.  

 

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Volvo is said to be reducing production at the Tuve factory  

 

The truck giant Volvo plans to reduce production at the Tuvefabriken in Gothenburg by just over 10 percent. This is because the demand for new vehicles has decreased, Ekot learns. 

 

According to the information, the reduced production rate applies from the end of February, but there is nothing that is confirmed by the company.  

 

For the radio, Volvo states that "no decision has been made" but that during the year it will be necessary to adapt production to reduced demand.  

 

The downsizing will probably mean that temporary employees are forced to quit, but how many are still unclear. According to Ekot, a reduction in production in Gothenburg could also affect other of Volvo's factories.

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