U.S. exports to China soar
American exports to China have increased 468 percent since 2001, and are up nearly 50 percent since 2008. The rise is attributed to the growing Chinese middle class, with the biggest U.S. export to the country being food, particularly soybeans, snack foods, pork, and dairy products.
The Washington Post
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Libyan stock exchange to reopen
The Libyan stock exchange is expected to reopen this week, more than a year after the conflict that ousted former leader Muammar al-Qaddafi shut it down.
Reuters.com
Extreme poverty continues downward trend
Contrary to economists’ expectations, the global recession has not increased extreme poverty. The proportion of people living on less than $1.25 a day fell in every developing region between 2005 and 2008, according to the World Bank, and data from 2010 show the declining trend continuing.
The New York Times
Spanx founder makes World’s Billionaires list
Sara Blakely, the 41-year-old founder of Spanx, is the youngest female on this year’s Forbes annual World’s Billionaires list without an inheritance or help from a husband. She is estimated to be worth $1 billion thanks to the huge popularity of her company’s slimming undergarments for men and women.
Forbes
Airlines to increase overhead bin size
There might soon be more room for your carry-on luggage on airplanes. American Airlines, United, and Delta are outfitting some planes with bigger overhead bins to placate customers. Checked-bag fees have become a major source of airline revenue, but surveys have shown that customers who struggle to find bin space tend to have negative feelings about the entire flight experience.
Los Angeles Times
