The average wealth of US lawmakers was estimated to be more than a million dollars in 2013. Senators are wealthier, with an average net worth of $2.7m, while house members have $840,000 on average

The World Athletics Championships are taking place this week in Beijing, and Usain Bolt’s narrow victory over Justin Gatlin in the men’s 100m final rounded off the opening Sunday.

Always one of the biggest moments of any athletics meet, this year’s race was especially eagerly anticipated given the narrative that had built around Gatlin. Read more

A pregnant ladyIf you’re pregnant, try to avoid financial crises – they’re bad for your unborn baby’s health. That’s the conclusion of a research paper to be presented at the annual congress of the European Economic Association in Mannheim this week.

Arna Vardardottir, assistant professor in the economics department at Copenhagen Business School, used detailed data from Iceland’s National Birth Register to investigate what happened to babies who were in the womb in the first week of October 2008 when all three of Iceland’s banks suddenly collapsed, taking the economy with them. Read more

European demand for Scottish seafood has fallen, due to trade disruption in Calais caused by the migrant crisis. Lengthy delays last month at the Channel tunnel and ferry terminals as thousands of migrants attempted to gain access to the UK through the French port, hit exporters of perishable goods with produce ruined before delivery. Read more

European Union orange prices have increased 13 per cent year on year since March as the forecast harvest is set to be down 14 per cent from last season, to 5.7m tonnes. Read more

Boko Haram’s deadly attacks have menaced Nigeria for the last five years, with hundreds of deadly attacks claiming nearly 13,000 lives. Read more

Marriage rates have fallen universally across the developed world since the 1970s; by a third in the US and almost halving in the UK. The rate in Sweden already, low in the 1970s, has fallen only slightly.

Valentina Romei

The economy of Poland proved its resilience after the financial crisis – it was the only country in the European Union that didn’t see a contraction in GDP following the events of 2008. The latest growth estimates, for the second quarter of this year, showed Poland grew at 3.6 per cent on an annual basis, the third fastest in Europe after the Czech Republic and Romania.

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By Ben Davis

PGA baseline shots behind leadWinning big events like this weekend’s US PGA Championship requires three days of good golf and then the ability to hold your nerve down the home straight in the fourth round.

Using data from the PGA Tour, European Tour, and World Golf Championships since August 2012 (but not including the 2015 US PGA Championship), we analysed how the top 50 ranked golfers in the world perform on the final day of each tournament. Read more

Valentina Romei

France continued to be the most popular destination for tourist visits last year, followed by the US and Spain. Mexico and Turkey have been climbing in the rankings – Mexico up five places from 2013 to tenth and Mexico from tenth place in 2005 to sixth last year

Valentina Romei

More than half of the world’s 10 largest container ports are in China. With the exception of Jebel Ali in Dubai, all are in Asia. No European or North American container ports feature in the top 10.

The value of Chinese imports was 8 per cent lower in July this year compared to July 2014, but much of that decline resulted from falling commodity prices. In July, China imported 30.7m tonnes of oil, a record high.

Valentina Romei

In the decade to 2010 working age populations in India, China and Africa all increased by similar amounts, in the current decade ending 2020 this growth will speed up in Africa, slow in India and begin to decline in China.

The weaker euro, down almost 20 per cent over the year, is paying off for German factories. In the year to June goods exports were almost 6 per cent higher than the year to June 2014

FT Baseline

How do standard of play and level of competition vary across Europe’s top leagues, and can this tell us which provides the best football?
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Valentina Romei

During this period, inflation and unemployment rates were low, investments grew at an annual average of 12 per cent- the fastest in Europe- and the country’s budget balance was in surplus. Labour productivity was growing at a faster rate than most European countries, including peripheral economies such as Spain and Portugal. Greece was a promising place to do business, with credible monetary policies, contained increases in labour costs, social peace, decreasing restrictions on trade and a favourable tax regime. Read more

Valentina Romei

Italy leads the ranking of the Unesco world heritage sites with 45 cultural and 4 natural sites, followed by China, Spain and France.

Italy has been leading the ranking for many years, as a large part of her sites were listed in the last century including the whole historic centres of Florence, Siena, Naples, Urbino and Venice. China is a relatively new entry as 25 out of its 48 sites have been listed since 2000 including the silk roads last year and the Kaiping Diaolou and villages, multi – storeyed defensive village houses built since Ming times, listed in 2007. Considering the higher number of Chinese sites being listed recently, China is likely to overtake Italy in the very near future. Read more

Valentina Romei

China is the world’s largest producer of manufactured goods, according to the World Bank data. Comparing last year’s ranking with the year before the global crisis shows India and South Korea rising at the expense of Italy, France and the UK.

Valentina Romei

US labour underutilisation-closely monitored by the Fed- continues to improve and is now close to 2000 levels. It includes unemployed people, those working part-time because they could not find a full-time employment and people who currently are neither working nor looking for work but indicate that they want and are available for a job.

Valentina Romei

About one in six working people in Italy, Portugal and Spain is at risk of poverty or social exclusion, even more in Greece. The proportion has risen in the eurozone, with Italy and Germany registering among the biggest increases.