Finance & Economics
China Bans Ads for Luxury Goods
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.
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UN Commission on Social Development issues call to empower the poor
Under-Secretary-General for Economic and Social Affairs.
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Budget Fears Delay US Navy Gulf Deployment
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.
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Developing Countries Face Higher Trade Costs
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.
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Arab nations need new policies to tackle unemployment, slow economic growth – UN
People passing through a busy market in Khan El-Khalili District, Cairo, Egypt.
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World Bank Group to Support Myanmar’s Plan to Improve People’s Access to Electricity
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.
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Statement on the Second Financial Sector Monitoring Mission to Spain
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.
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Labour migration: Germany is open to graduates but immigration is difficult for medium-skilled workers
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.
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U.K. invests £30 million to lead global computing technology
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.
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