EU women earn 16 percent less than men - but the figure's even worse for women globally

Globally the figure is even worse for women, with them earning on average 23 percent less than men. At the current pace it would take 70 years to close the gap. (Shutterstock)
Updated 07 March 2018
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EU women earn 16 percent less than men - but the figure's even worse for women globally

BRUSSELS: Women in the European Union earned an average of 16 percent less than their male peers in 2016, official statistics agency Eurostat said Wednesday.
“For every euro that a man earned by the hour, a woman made an average of 84 cents,” Eurostat said in a press release issued ahead of International Women’s Day Thursday.
Worldwide, women earn on average 23 percent less than men. At the current pace it would take 70 years to close the gap, according to the International Labour Organization.
The gender pay gap in Europe was only slightly better than in the United States, where women are paid 20 percent less than their male peers.
Within Europe, the wage gap is particularly high in Germany and Britain, at 21 percent each.
Romania, Italy and Luxembourg have better records, with the gap at five percent, while in France women earn 14 percent less than men.
The figures came a day before the world marks the 40th International Women’s Day, in a year rocked by the #MeToo movement against sexual harassment and abuse, and a reinvigorated debate about women’s rights around the globe.
The past year has also seen two million women take to the streets in support of women’s rights, especially in Washington.
But the road to equality remains long, with violence against women still an everyday occurrence and gender pay gaps the global norm.
On Tuesday, 15 of the European Commission’s 28 members published a declaration reaffirming gender equality as one of the EU’s keystones.
In February 2018, 36 percent of leading commission positions were held by women.
Commission President Jean-Claude Juncker said he wants women to fill 40 percent of the top positions by the time his mandate ends in October 2019.


China says hard to proceed on trade with US putting ‘knife to its neck’

Updated 7 min 32 sec ago
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China says hard to proceed on trade with US putting ‘knife to its neck’

  • When the talks can restart would depend on the ‘will’ of the US, senior Chinese commerce official says
  • Several rounds of Sino-US talks in recent months have appeared to produce no breakthroughs

BEIJING: A senior Chinese official said on Tuesday that it is difficult to proceed with trade talks with the US while Washington is putting “a knife to China’s neck,” a day after both sides heaped fresh tariffs on each other’s goods.
When the talks can restart would depend on the “will” of the US, Vice Commerce Minister Wang Shouwen said at a news conference.
US tariffs on $200 billion worth of Chinese goods and retaliatory taxes by Beijing on $60 billion worth of US products including liquefied natural gas (LNG) kicked in on Monday as the trade dispute between the world’s two biggest economies escalated, unnerving global financial markets.
China also accused the US of engaging in “trade bullyism,” and said Washington was intimidating other countries to submit to its will, according to a white paper on the dispute published by China’s State Council, or cabinet, on Monday.
“The sharp criticism (from Beijing on Monday) suggests that China might prefer to wait out the current US administration, rather than embarking on potentially futile negotiations,” Mizuho Bank said in a note to clients.
“Given these developments, it is increasingly likely that both sides will not resume negotiations for some time, at least until there is a noticeable shift in the political mood on either side.”
Several rounds of Sino-US talks in recent months have appeared to produce no breakthroughs and fresh negotiations which had been expected in coming weeks have been canceled after Beijing reportedly decided late last week not to send a delegation to Washington.
One cannot say that all previous trade discussions have been useless, but the US has abandoned its mutual understanding with China, Wang said.
China does not know why the US has changed its mind after reaching an agreement with China on trade earlier, Wang said, apparently referring to talks in May when it appeared briefly that a framework was being sorted out.
US exporters including LNG suppliers would “certainly” be hurt, but Beijing’s retaliation would provide opportunities to other LNG-exporting countries, Wang said, adding that Australia is an important source of the fuel for China.
“China is a big and powerful nation, so whether it is a confrontation with China economically or militarily, it would come at a huge price,” the state-backed Global Times wrote in an editorial on Tuesday.
“As such, it is an attractive prospect for other countries including the US to coexist with China peacefully,” said the newspaper, which is published by the ruling Communist Party’s People’s Daily.