Pope Leo has criticised corporate pay packages that grant executives hundreds of times more than workers, citing Tesla’s $1 trillion compensation plan for CEO Elon Musk. The remarks came in excerpts from his first media interview, released on Sunday by Catholic news site Crux.
The U.S.-born pontiff, elected in May to succeed Pope Francis, said CEOs once made four to six times more than employees but now earn 600 times more. “Yesterday (there was) the news that Elon Musk is going to be the first trillionaire in the world. What does that mean and what’s that about? If that is the only thing that has value anymore, then we’re in big trouble,” Leo said.
Leo also criticised the United Nations, saying it had lost its ability to foster effective multilateral diplomacy. “The United Nations should be the place where many issues are dealt with,” he said. “Unfortunately, it seems to be generally recognised that the United Nations, at least at this moment in time, has lost its ability to bring people together.”
The new pope, originally from Chicago, reflected on decades as a missionary in Peru and how he has been adapting to the papacy. He admitted he felt prepared to lead Catholics on spiritual matters but less prepared for global diplomacy. “The totally new aspect to this job is being thrown onto the level of world leader. I’m learning a lot and feeling very challenged, but not overwhelmed,” he said.
Iran’s army said it targeted U.S. military facilities in Bahrain and Kuwait with drone attacks. Tehran said the operations were carried out in retal...
Georgia has secured two major financial commitments this week, with one aimed at easing road congestion around the capital and the other at strengthen...
A Turkish-owned cargo ship was struck by a drone in the Black Sea after leaving a Ukrainian port, in the latest incident to raise concerns over the sa...
The U.S. military said it completed its latest wave of strikes on Iran, a two-hour operation that hit dozens of targets. Washington described the strikes as a "powerful response" to Iranian missile attacks targeting U.S. forces in the Middle East a day earlier.
Saudi Arabia said its overnight strikes on Iran-backed group targets in Iraq were carried out in self-defence and warned it would take further military action if the groups launched new attacks against the kingdom.
Thousands of migrants have crossed into the Spanish exclave of Ceuta from Morocco, overwhelming border security and prompting local authorities to call for a national emergency and military deployment.
A fire involving two gas vessels at Egypt's Damietta port has prompted conflicting reports over whether the incident was caused by a drone strike or an onboard technical fault. Egyptian authorities said there were no casualties.
Iran’s army said it targeted U.S. military facilities in Bahrain and Kuwait with drone attacks. Tehran said the operations were carried out in retaliation for recent U.S. strikes.
Thousands of people spent the night on beaches, waiting by fences or wading through the sea in the hope of reaching Europe, as an estimated 49,000 migrants crossed into Spain's enclave of Ceuta in just 24 hours.
Carlos Cordeiro, senior adviser to FIFA president Gianni Infantino, has resigned with immediate effect in protest over proposals to sell a stake in the FIFA World Cup, calling the plan "a bad deal for football."
Ukraine targeted a warehouse belonging to Russia’s largest retailer, Wildberries, and an oil refinery overnight, while Moscow said its forces struck a ship carrying military cargo in the Black Sea.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 31st of July, covering the latest developments.
At least 18 coal miners have been killed and 14 others remain trapped after a powerful methane gas explosion caused part of a mining complex to collapse in Pakistan's southwestern Balochistan province, officials said on Thursday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment