China’s combined exports and imports hit a record $4.16 trillion last year, according to the latest figures from the General Administration of Customs, up 7.6 percent from 2012 and potentially making China the world’s biggest trader ahead of the U.S..
Chinese companies invested nearly $14 billion in the U.S. last year, according to a new report by New York’s Rhodium Group, with more than 70 percent of investment coming from private enterprises rather than state-owned firms.
The number of unemployed people around the world reached an estimated 201.8 million in 2013, said the United Nations’ labour agency on Monday, warning that new job opportunities were not being created fast enough to absorb a growing workforce.
The 170-mile shipping route from the Pacific Ocean to the Caribbean, traversing Nicaragua, is expected to take five years to complete, with the development set to be one of Central America’s largest-ever investments, potentially breaking Panama’s monopoly on shipping through Central America.
While many countries have outright banned or discouraged the use of bitcoins, Singapore tax authorities have laid out a guideline on how it intends to tax the purchase, sale, or exchange of Bitcoins among local businesses and individuals – by declaring it as a product or service rather than as currency.
The internationalisation of the Renminbi has been slower than what some analysts initially predicted. Still, RMB internationalisation will continue to enjoy steady progress but there will be no sensational developments.
Italy's unemployment rate rose to a record high of 12.7 percent last November, revealed the National Institute of Statistics (ISTAT) on Wednesday, with some 55,000 people losing their jobs during the month.
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