Finance & Economics | WPN World People News

In another push to stem corruption, China banned radio and TV ads promoting gift giving, according to a story published Wednesday in the China Daily.

Under-Secretary-General for Economic and Social Affairs.

The Pentagon is postponing deployment of two warships to the Persian Gulf because of possible budget cuts, leaving just one U.S. aircraft carrier in the Middle East region.

Although the international economy has integrated considerably in recent decades, a new database developed jointly by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the World Bank reveals that trade costs fall disproportionately on developing countries.

People passing through a busy market in Khan El-Khalili District, Cairo, Egypt.

The World Bank Group and Myanmar reinforced their commitment to grow the economy, create jobs and reduce poverty through accelerated reforms and a focus on energy infrastructure development during a three-day visit by a high-level delegation led by IFC Executive Vice President and CEO Jin-Yong Cai.

A staff team from the International Monetary Fund (IMF) visited Madrid for the second independent monitoring mission of the financial sector in the context of the European financial assistance for bank recapitalization, as agreed with the Spanish authorities and the European Commission (EC) on July 20, 2012 (see Terms of Reference). The team met with official and private sector representatives and presented its preliminary findings to the Spanish authorities and their European partners at the end of the visit. A final report will be conveyed to the authorities and the EC in early March.

Reasons for not having recruited from abroad
(as a % of all employers who had unfilled vacancies but did not hire from abroad). Note: Multiple answers were possible.

U.K. Chancellor of the Exchequer, Rt. Hon George Osborne, as he visited the Science and Technology Facilities Council’s Daresbury Laboratory and announced a major new £30 million government investment. The investment, part of the £600m announced in the 2012 Autumn Statement, is designed to firmly establish the UK as the world leader in energy efficient supercomputer software development to meet big data challenges. Economy-boosting partnerships between research and industry are just some of the benefits poised to come from investment that will confirm the UK as a leader in the development of energy efficient super-technologies and software.