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Where the Rich Park Their Money

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Switzerland is still the prime destination for private offshore wealth worldwide. According to the Boston Consulting Group, foreign private wealth parked in the alpine republic reached 2.4 trillion dollars in 2019 – a quarter of the global total. The biggest growth, …

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China Steps Up Military Spending

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According to SIPRI data, China has increased its military expenditure by almost 800 percent since 1992. At around US$245 billion in 2020, The Chinese spent significantly more than the Russians (around US$67 billion), but their spending was still well below that …

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Smartphone Brands Retain Home Turf Advantage

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Samsung, Apple, Huawei and Xiaomi were the largest smartphone manufacturers in the world in 2020, together reaching a global market share of almost 60 percent. While these brands are bought and used all over the world, they have still retained certain home …

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Where The EU Imports Its Bicycles From

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While the European Union boasts many well established and regarded bike brands, companies have been increasingly outsourcing their production to other parts of the world in recent years, particularly Asia. Companies from outside the block have also been gaining traction within the …

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Where Tea Generates the Most Money

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The largest sales of tea in the world are generated in China – followed by Brazil, India and Japan – as shown in this infographic based on a market analysis from the Statista Consumer Market Outlook. With an approximate volume of …

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The Happiest Countries in the World

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Scandinavia is still the world’s happy place, firmly holding on to the top 3 of the World Happiness Report in 2020. Finland, Iceland and Denmark were named as the world’s three happiest countries in the study that is based on surveys by Gallup as …

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The World’s Biggest Coal Exporters

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Australia is the second-largest exporter of coal in the world and shipped almost 400 million tons out of the country in 2019. This number is only beat by the world’s largest coal exporter, Indonesia, which was responsible for the export of more …

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The Biggest Oil and Gas Companies in the World

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PetroChina and Sinopec Group lead the list of the world’s biggest oil and gas companies of 2020 with revenues between $270 billion and $280 billion, ahead of Saudi Aramco and BP. The two Chinese companies benefited from their country’s successful containment of …

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The Most Profitable Companies in the World

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According to the Forbes Global 2000 published Friday, the coronavirus pandemic has shaken up the list of the most profitable (public) companies in the world. Tech companies Apple and Microsoft, which benefited majorly from people working and socializing online, shot to …

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