The bottom line

Which European country works the hardest?

Asked to name the hardest-working country in Europe in a recent Pew poll, people in the U.K., France, Germany, Spain, Italy, Poland, and the Czech Republic all named Germany. Only Greeks, who work the longest hours in Europe, named Greece.

Economist.com

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A surplus of oil

Since March, the world has been producing more oil per day than it consumes, which is one of the main reasons oil prices have recently fallen below $100 a barrel. Global consumption has declined by nearly 2 million barrels a day since December, even as production has increased thanks to new finds and drilling techniques.

Bloomberg Businessweek

Netflix overtakes Apple

Netflix has overtaken Apple to become the top earner in the U.S. online movie business. Last year, Netflix, which had less than 1 percent of the online movie market in 2010, laid claim to 44 percent of movie distribution dollars on the Web, compared with Apple’s 32.3 percent.

Time.com

Apple's rate of inventory turnover

Apple turns over its inventory once every five days, according to technology research firm Gartner. Among the 25 companies with the best-run global supply chains, only McDonald’s turns over its stock faster. By comparison, Dell and Samsung turn over inventory roughly once every 10 and 21 days, respectively.

TheAtlantic.com

Expanding the Internet

The Internet just got much, much bigger. The potential number of unique IP addresses has been expanded from the current 4.3 billion to 340 undecillion, or 340 trillion trillion trillion. The Internet Society, which sets global standards for the Web, says the new addresses, which have 32 digits instead of the current 12, are needed since so many more devices—watches, cars, eyeglasses—will soon be Web-enabled.

CNNMoney.com