Life is better in twos, at least according to the latest Eurostat results on life satisfaction. Couples with children are on average the most satisfied with life, but even if couples don’t have children they are likely to be better off than people who are on their own.
The cash value of a full Nobel Prize has been set at SKr8m, or about $970,000, since 2012. If past nominal values are adjusted for inflation this sum is broadly equivalent to the value in 1901, when the prize was first awarded.
Six of the 189 economies for which the IMF produces forecasts are now expected to contract in 2016. Only a few months ago, four were set to expand next year. Venezuela and Belarus are now expected to contract even more
About half of the merchandise exports of the 12 Trans-Pacific Partnership go to other TTP countries. The share is higher for Mexico and Canada because of their strong trade links with the US, but it is below one-third for Australia, Japan, Singapore and Chile. Read more
E-commerce has become an important source of revenue for EU companies, accounting for 15 per cent of turnover during 2013, according to Eurostat. The experience varies greatly between countries – Ireland leads with 52 per cent of turnover conducted over computer networks
Eswar Prasad and Karim Foda
The world economy is beset by a dangerous combination of divergent growth patterns, deficient demand, and deflationary risks. The latest update of the Brookings-Financial Times TIGER (Tracking Indexes for the Global Economic Recovery) reveals sharp divergences in growth prospects between the advanced economies and emerging markets, and within these groups as well. Read more
Spain and Greece have the highest proportion of young people without jobs in the EU — more than 48 per cent in both countries. But the situation is improving in Spain, where more than 100,000 youngsters have found work in the past year.
China surpassed the US to become the top recipient of foreign direct investment in 2014. The inflow to the US fell by 60 per cent, primarily because of the Verizon pullout by Vodafone. Five of the top 10 FDI recipients are developing markets.
Participation in the labour force in G7 countries has risen among those aged 55 and over but fallen for younger people since the start of the financial crisis. For those in their thirties, participation has fallen for men and risen for women. Read more
The US dominates the export of royalties and fees, the charges for the use of proprietary rights (such as trademarks and copyrights). The UK was the second-largest exporter in the 1990s, but fell to sixth by 2013. China only accounts for 0.3% of the global total.
By Giles Wilkes
© Charlie Bibby/FT
Labour should be wary of giving credence to a very suspect number.
The £93bn figure now routinely used to evaluate the scale of “corporate welfare” in Britain is badly misleading. If the Labour Party is to re-establish its economic credibility, it needs to give the number a very wide berth. Read more
Since the start of the crisis in 2007 the gender gap in labour force participation has narrowed across most OECD countries. Spain has seen the strongest convergence. In 2007, 83 per cent of men were in the labour force versus 63 per cent of women, a gap of 20 percentage points. In 2014, the gap was reduced to 10 percentage points.
With the success of Prosecco, Italy is now the world leader in exports of sparkling wine, with export volumes nearly 50 per cent higher than from Spain and France. Italy surpassed France in 2009 and Spain the following year.
Health spending per capita has risen faster than economic growth in all OECD countries over the past 20 years. South Korea and Japan show the largest difference between the two measures, followed by the UK.
More than two-thirds of the US public hold positive views of Pope Francis. His rating exceeds that of his predecessor, Benedict XVI, by 14 percentage points. Neither, however, has approached the popularity of Pope John Paul II.
Last year Volkswagen was the second-largest carmaker globally, accounting for almost 12 per cent of sales by volume, lagging only 0.1 per cent behind the largest, Toyota.
The Financial Times is working with the British Library to open up access to FT Digital Archive for academic research.
Extracts from the archive materials were used to produce the feature about Britain’s 1975 referendum on European Community membership that was published on FT.com today. Read more
The Greek election on Sunday will be the country’s third ballot this year. The most recent polling shows a tightening race between the leftist Syriza and the centre-right New Democratic, both holding just under a third of the vote. Support for the far-right Golden Dawn fell to its lowest level in a month.
Did you receive the press release? Were you offered an exclusive interview? Are you upping your journey down the engagement funnel?
Well, brace yourself – because the ranks of public relations professionals are growing. The latest figures from the Office for National Statistics suggest that there may soon be more PRs than journalists in the UK. Read more