Bank chief executives’ pay has rarely been out of the news in the six years that Equilar and the Financial Times have been publishing this annual analysis. While the pay of almost all the bank bosses in the study increased in 2014, it remains well below pre-crisis levels and is likely to remain so.
European banks’ share of investment banking fees is at an all time low. Advisers have earned 29 per cent o the total global fee pool so far this year, down from 32 per cent in 2014, marking the lowest fee share since records began in 2000.
Expected years in retirement have been rising in advanced countries. Men who retired in 2012 should have 18 years, slightly up from 2000. People have been retiring later, but life expectancy has risen as well
Greece had the largest improvement in fiscal deficit as a proportion of GDP among advanced countries over the past six years. It now ranks better than France, the UK and Spain, despite a fall in GDP of more than 20 per cent in the same period.
More than half of asylum applications in the EU were in Germany and Hungary in the first quarter this year. The number rose nearly 30 per cent compared with the previous quarter with Kosovans being the main nationality in both countries.
The impact of the shale revolution saw the US overtake Saudi Arabia and Russia to become the world’s leading producer of oil- for the first time since 1975. US output also passed its previous peak, set in 1970
On the 21st of June, the UK Department of Health announced that from September 2015 babies aged over 2 months will be offered the MenB vaccine, which protects against meningococcal B disease. The MenB programme means that England is the first country in the world to begin national and publicly funded Men B immunisation.
Ecigarette sales are set to soar by 55 per cent globally this year. The fastest growth is forecast in Bosnia-Herzegovina, with growth of 160 per cent compared with 2014. Sales in the US, the largest market, are set to rise 86 per cent.
A surprisingly high number of people in the large eurozone economies would like to revert to their own currency, although this proportion has been decreasing. In Italy over a third want to return to the lira
Keith Fray and Valentina Romei
During the six years from 2007 to 2013 the annual output of the Greek economy fell by more than 26 per cent. On the FT’s statistics desk we wanted to know how that fall ranked compared with sustained periods of economic retrenchment and dislocation in other countries. Read more
The number of hours worked per person in employment has fallen in most advanced countries since the financial crisis. The UK is among the few countries where the shift toward shorter-hours employment has been reversed. Read more
The average gambler spends $80 a year on gaming, according to Global Betting and Gaming Consultancy. But figures vary, from 6$ in Africa to more than $750 in Oceania. Singapore tops the charts, spending more than twice its Asian rival Hong Kong.
In the last week, much of the discussion around Greece’s travails has been around the need for further modernisation and progress made since the crisis. On one side the economist Francesco Giavazzi emphasised the continued need for structural reforms, while Karl Whelan stressed the huge improvements made by the Greek government in terms of reforms, public spending and fiscal consolidation.
Measuring a country’s level of “modernity” is not easy, but the following charts attempt to show how Greece compares and what has changed since the financial crisis. Read more
Only 45 per cent of Greeks felt like they were citizens of the EU when last surveyed, the lowest share of any member country. Britons and Italians follow closely behind, with roughly only half of those surveyed feeling like EU citizens. Read more
Leo and his mother walk past a primary school in South-East London, just around the corner from their house. The 4 year-old asks why he is not attending that school, as they still have to walk another five minutes to the bus station, spend 40 minutes on the bus and then walk another five minutes to reach the school he actually attends.
Global food prices have been trending downwards and are at their lowest since late 2009, according to the UN food and Agriculture Organization. Prices are down 20 per cent on a year ago, with cereals and dairy responsible for most of the fall
Connections with family and friends are the most popular route to a job in Spain, with close to half of Spaniards and two-thirds of foreigners using this method. Only a small proportion used job agencies.