Although still strong, the West lost its competitive edge and is now forced to admit there are no more "innovative West" and "manufacturing East"; Asian tigers are today very serious competitors with products that western companies have hard time to follow.
China remained the largest holder of US debt in January, increasing its holdings for the first time in two months even as overall foreign demand for US Treasury securities weakened, according to new data from the Treasury Department.
British Chancellor of the Exchequer George Osborne's latest round of tax increases on alcohol and cigarettes will cost the average drinker an extra 19.76 pounds and a smoker 69.06 pounds each year, according to research by Money Dashboard.
Governor Andrew M. Cuomo announced the Jones Beach Revitalization Plan. The project aims to bolster the region's tourism industry, enhance the quality of life vital to attracting and retaining businesses on Long Island.
A survey on investment in quarter one this year, issued by FGV - Foundation Getulio Vargas' Brazilian Institute of Economics (Ibre), shows a trend of decline in investment by Brazilian enterprises over the course of 2014.
Addressing a media conference call, Scott Corley, executive director of Compete America, asserted that the large high-tech companies he represents would rather bring in more H-1B temporary workers than retrain experienced American employees.
The Netherlands Foreign Investment Agency (NFIA) supported the attraction of 193 foreign investment projects in 2013, representing nearly 8,500 jobs and the planned investment of $2.31 billion. The record jobs figure represents a 60% increase over the previous year.