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.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 18th of November, covering the latest developments you need to...
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 18th of November, covering the latest developments you need to know.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
The number of newly enrolled international students studying at U.S. colleges and universities dropped by 17% this autumn following new restrictions on student visas and other Trump administration policies, according to a report released on Monday.
Ukraine is facing a sharp escalation in fighting across several fronts, with Russian forces launching large-scale offensive operations while Kyiv intensifies long-range strikes deep inside Russian territory.
Russia announced on Sunday that its forces had made significant advances in Ukraine’s southeastern Zaporizhzhia region, capturing two settlements as part of what it described as a broader offensive aimed at securing full control of the strategic territory.
Russia announced on Sunday that its forces had made significant advances in Ukraine’s southeastern Zaporizhzhia region, capturing two settlements as part of a broader offensive aimed at seizing full control of the area.
China’s Ministry of Culture and Tourism has issued a formal advisory urging Chinese tourists to refrain from travelling to Japan in the near future, citing growing safety risks and recent political tensions.
A rare earths agreement between the United States and China will “hopefully” be finalised by Thanksgiving, Treasury Secretary Scott Bessent said in an interview broadcast on Sunday.
U.S. President Donald Trump will roll out the red carpet for Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, widely known as MBS, on Tuesday for a visit expected to advance the sale of F-35 fighter jets and a host of business deals with the kingdom.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 18th of November, covering the latest developments you need to know.
Russian drones damaged a building housing the Dnipro newsroom of public broadcaster Suspilne and Ukrainian Radio Dnipro in a major overnight attack on the city, Suspilne said early on Tuesday (18 November).
China's Foreign Minister Wang Yi on Tuesday talked up "high-level exchanges" in a call with Japanese counterpart Toshimitsu Motegi, hinting at a potential meeting between Chinese President Xi Jinping and Japan's new premier, Sanae Takaichi.
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