It’s hard to build your country when the money keeps slipping away. Foreign capital flight has been a problem for developing countries this year, but a bigger problem might be the funds smuggled out by tax evaders, corrupt officials and criminals—$946.7 billion in 2011, according to the latest estimates released today by a team of economists at the non-profit Global Financial Integrity, an increase of more than 10% over the previous year.
The price of a single bitcoin, now sitting at $899, is derived from many mysterious sources: supply and demand, potential future business value, animal spirits.
Time Warner CEO Jeff Bewkes doth protest too much. At an industry conference hosted by UBS in New York on Dec.
In the run-up to the Paris mayoral election in March 2014, politicians of all stripes this holiday season are mired in a existential quarrel: Has the City of Light turned into the Bronx?
For a long time now, global demand for commodities has been almost inextricably linked to Chinese industrial growth. Of course, now we’re told that China is slowly trying to rebalance its economy away from the industrial investment that drove its growth toward more domestic consumption.
In a recent survey of e-commerce sites, web usability research firm Baymard Institute discovered that 68% of sites were doing it wrong.
When India’s supreme court effectively re-banned gay sex earlier today, it set aside the ruling of one of its own high courts in favor of a law imposed on India by its British occupiers in 1861.
Twitter shares surpassed the $52 mark this morning, which means the stock has now doubled from its IPO price.
Last year, Americans spent about a third more on apps from Google Play and Apple’s App Store than the Japanese.
The first documentary on Sriracha, the extraordinarily popular hot sauce, has arrived. You can download it for $5 dollars here.
This is what London’s Canary Wharf looks like from above today: The Metropolitan Police’s Air Support Unit shared the photo on its brilliant, if also slightly ominous, Twitter account @MPSinthesky.
One third of babies born in Britain this year will live to 100. This is an eye-catching statistic from a large report on mortality published by the UK’s national statistics authority today.
China’s growth is widely expected to keep slowing over the next year. And economists have been debating (paywall) whether the powers-that-be in the People’s Republic are likely to acknowledge that fact by trimming next year’s growth target down to 7% from this year’s 7.5%.
General Motors has already had two momentous events this week: It appointed its first female CEO and no longer counts the US government as a shareholder.
If you’ve never heard of Divergent, a trilogy of novels set in a dystopian future version of Chicago, then there’s a reasonable chance you will next year.
The highlight of my son’s speech therapy was always the bag of toys. Years ago, when he was a toddler and the therapist came to our house, he’d wait patiently as she took out one toy at a time and used each to help build language skills.
Custom sculpted tombstones, celebrity-studded cemeteries, and funeral packages that cost up to 500,000 yuan ($82,356) are the new must-have luxury items in China—at least if the country’s largest “death care services” provider has anything to say about it.
It may be 2013, but the African island of Madagascar is facing a public health threat straight out of the Middle Ages: At least 20 people in the country’s northwest died last week from the bubonic plague, and 2012 saw some 256 plague cases and 60 deaths—more than in any other country in the world.
It took a while, but Thailand’s political troubles are finally taking a bite out of its giant tourism sector, which along with the broader economy has been largely immune to the country’s periodic bouts of unrest.
What to watch for today India rules on gay rights. The Supreme Court is set to rule on the legality of sexual relations between gay couples, after religious groups challenged a High Court ruling that a 19th century prohibition should not apply to consenting adults.