December 31, 1993
Switzerland is the world's richest country in terms of per-capita income, and the United States has moved up a notch to the eighth-richest, the World Bank said in its annual atlas of global statistics. Scandinavians are among the richest people in the world, with Sweden, Denmark, Norway and Iceland all in the Top 10. Mozambique remained the world's poorest economy, with its per-capita gross national product income dropping 25% in 1992 to $60.
January 21, 2014 |
Billionaire and former tech mogul Bill Gates predicts that there will be almost no poor countries left in the world by 2035. Almost all nations will be either lower-middle income or wealthier, and most will have surpassed the 35 countries that are currently defined by the World Bank as low-income, Gates says in his annual letter for the Bill & Melinda Gates Foundation. In the letter, Gates and his wife try to dispel what they say are myths about global poverty that hinder development: Poor countries are destined to stay that way, foreign aid is not helpful and saving lives leads to overpopulation.
June 12, 2012 |
Countries with public pension programs should gradually increase their retirement ages to delay withdrawals by workers who are enjoying longer life spans, according to the international policy group Organization for Economic Cooperation and Development. Pensions are increasingly expensive for governments partly because retirees from the huge baby boomer generation, with longer life expectancies, are starting to take their pensions. “Breaking down the barriers that stop older people from working beyond traditional retirement ages will be a necessity to ensure that our children and grandchildren can enjoy an adequate pension at the end of their working life,” OECD Secretary-General Angel Gurría said.
September 5, 2013 |
ST. PETERSBURG, Russia -- Leaders of major emerging economies, facing slower growth and volatile financial markets, sought to present a united front ahead of the G-20 summit here. But can they make a forceful case for some action or a strong statement from the larger Group of 20 when the emerging countries themselves don't share the same level of concern? After a nearly hourlong meeting Thursday, the heads of Brazil, Russia, India, China and South Africa -- the so-called BRICS -- stressed in a joint statement their concerns about the unintended harmful effects of policy actions taken by central banks in the developed world.
June 27, 2012 |
Apple expanded its iTunes Store to Hong Kong, Singapore, Taiwan and nine other countries Wednesday, but the tech giant did not include India or China in its latest expansion into Asia. The Cupertino, Calif., company announced the expansion of the digital store Wednesday, saying it will hit the new areas with more than 20 million songs, including local and international music. The other countries included in Apple's expansion are Brunei, Cambodia, Laos, Macao, Malaysia, the Philippines, Thailand, Sri Lanka and Vietnam.
December 3, 2012 |
The iPhone 5 will be making its way to 54 countries this month, including South Korea, China, Brazil and Russia. That number is notable because the iPhone 5 is already available in 47 countries, so by Dec. 21, Apple will have its flagship product in more than 100 countries. QUIZ: What set the Internet on fire in 2012? The iPhone 5 launched in the U.S. and other countries on Sept. 21, and already the device has helped Apple reclaim the top spot in the U.S. smartphone market. In the U.S., the phone is available from Verizon, AT&T or Sprint.