The 2011 EBA’s EU wide stress test had the objective of assessing the resilience of a large sample of banks in the EU against an adverse but plausible scenario. Who did the homework and who didn't? Let's find out on this post.
Worldwide remittance flows are estimated to have exceeded $440 billion in 2010, of which developing countries received $325 billion. Why remittances have remained more resilient than private debt and equity flows and foreign direct investment? Which effects do remittances have on development?
According to PISA, better readers tend to read more because they are more motivated to read, which, in turn, leads to improved vocabulary and comprehension skills. The last PISA reading assessment reveals that 37% of 15-years-old across OECD countries does not read for pleasure, though.
Most consumers don't know that most of the money paid for petroleum products such as gasoline does not go to oil producers. If oil were not so heavily taxed, then it would cost a fraction of its current price in some countries. Which effects does it have?
We saw the Egyptian people rise up, but exactly why the Egyptians were there and what triggered these revolts needs to be considered. Ewre they following the Tunisian example? Was it due to Islamic factors? Or was it because of social, economic, and political demands? We will take a look at the reasons for the outbreak of the revolts and the current situation in Egypt.
According to new data 10 countries accounted for 89% of all exports of major conventional weapons in the last five years (2006-2010). USA (30%), Russia (23%) and Germany (11%) are the top three major exporters. Which are the top three importers? India, China and South Korea. Let's see which are the regional trends.
A new edition of the Forbes List has been released and the world's top billionaires 2011 unveiled. Mexican Carlos Slim holds the first place in the ranking and Bill Gates is second. However, if Gates didn't allocate money to philanthropy he would still be the richest person in the world.
Did you know that in 2003 an earthquake with a 8.3 magnitude took place in Hokkaido (Japan) and caused no victims? Japan is the best prepared country to confront earthquakes. But despite this forces of nature can reach unimaginable limits.
The “World Giving Index” is the first report of its kind looking at charitable behaviour across the world. Are the Americans more generous than the French? In which country do people give most to charity? Where are you most likely to be helped by a stranger or volunteer your time? Find out here
In the past 10 days crude oil prices have jumped on average 10% around the world, with West Texas Intermediate up 14% to $98 and Brent up 10% to $112. Libya's unrest is behind this pattern. The trouble could worsen in key oil producing countries such as Saudi Arabia or Oman. Let's see what different media say about it.
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