European banks shed jobs
European banks have shed more than 40,000 jobs in the past month, as the continent’s sovereign-debt crisis eats into trading profits and new regulations lead banks to cut costs. “It’s a bloodbath,” said the head of a London headhunting firm.
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al-Qaddafi's U.S. assets
Among the government assets Col. Muammar al-Qaddafi stashed abroad is $1.1 billion in two New York City–based banks, Goldman Sachs and JPMorgan Chase. The assets were frozen in February after the United Nations imposed sanctions on Libya.
New York Post
China’s brew takes over
Despite being largely unknown in the West, China’s Snow beer has been the world’s most popular brew for the past three years running, selling 16.5 billion pints last year. That’s twice the sales volume of Bud Light, which held the top spot until 2008.
London Telegraph
Americans lag in estate planning
Only 44 percent of U.S. adults have a will, according to a new survey by EZLaw Wills and Estate Planning. Respondents said they haven’t planned for their estates because they are too stressed about paying their latest bills and the process seems too complicated.
DailyFinance.com
Women CEOs in emerging markets
Boardrooms in emerging markets are increasingly populated by women. In China, women account for 32 percent of senior managers, compared with 23 percent in the U.S. and 19 percent in Britain. In India, 11 percent of CEOs are women, compared with 3 percent of Fortune 500 bosses in the U.S. and 3 percent of FTSE 100 bosses in Britain.
The Economist