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RESTAURANT

Italian restaurant crowned the best in the world

Italy's "Osteria Francescana" was crowned world's best restaurant of 2016 at an awards ceremony in New York on Monday, the first Italian establishment to win the annual accolade.

Italian restaurant crowned the best in the world
Massimo Bottura's "Osteria Francescana" in Modena has been named the best restaurant in the world. Photo: Bryan Bedder/AFP

Run by chef Massimo Bottura, “Osteria Francescana” pipped last year's winner, Spain's “El Celler de Can Roca,” in the World's 50 Best Restaurants awards, after coming second in 2015.

The Italian chef, whose world-famous restaurant in Modena came number three in 2013 and 2014, was emotional in accepting his award.

“I want to thank everyone because it's been so hard, our job is all about art work,” an ecstatic Bottura told the ceremony. “It's all about our work, in the kitchen everyday to work and succeed.”

With Spain's “El Celler de Can Roca” knocked down to second place, the third spot went to New York's “Eleven Madison Park.”

The top 10 was rounded out by restaurants in Peru, Denmark – former four-time winner “Noma” – France, Spain, Japan and Austria.

Three French chefs won individual honors, with Alain Passard of Arpege given a lifetime achievement award, French-born Dominique Crenn named best female chef and Pierre Herme best pastry chef.

The accolades came after critics complained last year that the system was open to abuse since the jury do not have to offer physical evidence of having actually visited any particular restaurant.

The bulk of those complaints came from France, which in 2016 made it into the top 10 for the first time in three years but has never managed to win first prize.

The board praised Bottura for his twists on traditional ingredients and his “Five Ages of Parmigiano Reggiano” in particular.

Half in Europe

The awards said he crafted the world-famous cheese into “forms and textures most diners will never have previously experienced.”

“The chef's ambitious creations perfectly balance the demands of honouring heritage while embracing modernity,” the board added.

They praised his menu of “deliciously executed classics” such as tagliatelle with hand-chopped ragu and risotto cooked with veal jus.

The 2016 list included restaurants in 23 countries on six continents – but half were in Europe. Asia and the United States each had six in the top 50, while South America and Scandinavia each had five.

Spain had seven restaurants on the list, including three in the top 10.

The awards, run by trade magazine Restaurant, began in 2002 and have become a reference for the world's foodies, but were hit last year by allegations of cosy deals between restaurants and jury members.

The contest is run by British media company William Reed, and criticism has focused on the methodology used to select the best restaurants.

Its jury is made up of 972 experts, including food writers, chefs, restaurant owners and gourmets. Members list their choices in order of preference, based on where they have eaten in the past 18 months.

There is no pre-determined checklist of criteria, but there are strict voting rules.

In the face of complaints, the organizers say consultancy firm Deloitte oversees voting, to ensure the “integrity and authenticity” of the process.

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WEALTH

Richest in Germany own around two thirds of country’s wealth

Germany's already high level of wealth inequality has been significantly underestimated, according to a new study.

Richest in Germany own around two thirds of country's wealth
Photo: DPA

The German Institute for Economic Research (DIW) has found that the richest one percent in Germany own 35 percent of the total wealth in Germany – instead of just under 22 percent as previously thought, reported Spiegel on Wednesday.

And the top 10 percent of the population do not own 59 percent of total assets, as previously estimated – but around two thirds or 66 percent.

To put it into context, nobody in the bottom 50 percent of the German population has a net worth over €22,800. On average, the poorest 50 percent of the German population has a net worth of €3,700.

Moreover, the so-called Gini coefficient (used to measure inequality) is higher in Germany than previously thought. It is 0.81 instead of 0.78. If this number is zero, all households in a society would have an equally high income. If it is 1, the entire income goes to a single household, while everyone else receives nothing.

“Germany's already high wealth inequality has been significantly underestimated,” said Johannes König, one of the authors. “We are now seeing for the first time a more realistic picture of the distribution at the top.”

READ ALSO: This is how many millionaires live in Germany

Millionaires significantly more satisfied than the rest of the population

DIW researchers developed took a closer look at the group of wealthy millionaires in Germany.

This group includes an above-average number of men (69 percent) who are older and better educated than the average population, and who live for the most part in western Germany. Around three quarters of the millionaires are self-employed. A large part of their wealth is invested in company shares.

According to Zeit Online, the respondents earn more than €7,600 net per month, more than three times the average. Only 14 percent have a migration background. For the rest of the population this applies to every fourth person.

Perhaps unsurprisingly, scientists found that wealthy millionaires are significantly more satisfied than the rest of the population. Only with regard to leisure time was satisfaction lower.

READ ALSO: Who belongs to the top 10 percent of earners in Germany?

According to the authors, this is due to the significantly higher workload. The survey found millionaires work an average of 47 hours a week – around 10 hours more than the rest of the population.

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