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Illustration: Aïda Amer/Axios

Women around the world aren't expected to see equal pay until 2277 at the current rate of change, according to findings from the Global Gender Gap Report 2020, which measured the gender gap from 153 countries across economics, politics, education and health.

The big picture: Though the report says that women in the U.S. are "relatively well-represented" in high management roles, the global economic gender gap is expected to widen for several reasons: Women are highly represented in jobs being displaced by automation, aren't entering professions with high wage growth and spend more time than men in caretaker and volunteer roles.

The findings: It would take almost 100 years to close the broader gender gap across economics, politics, education and health for the participating countries. In terms of just equal pay, it would take longer — 257 years, up from 202 years since last year's report.

  • The U.S. dropped two spots on the gender parity rankings since last year, falling to 53rd.
  • Iceland was recognized as the most gender-equal country for the 11th year in a row.
  • Yemen ranked lowest on the list.

Go deeper: IMF looks to reframe women's equality

Go deeper

Updated 7 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."

8 hours ago - Health

U.S. to restrict air travel from 8 countries over new COVID variant concerns

A COVID-19 vaccine is administered. Photo by Joe Raedle/Getty Images

The U.S. will impose new air travel restrictions in response to the Omicron variant, a new COVID strain first detected in South Africa, President Biden announced Friday.

The big picture: Air travel from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi will be restricted starting on Monday.