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In 2007, the UK had the world's third largest current account deficit, due mainly to a large deficit in manufactured goods. In May 2008, the IMF advised the UK government to broaden the scope of fiscal policy to promote external balance. [90] The UK's output per hour worked was on a par with the average for the "old" EU-15 countries. [91]
Credit default swaps in their current form have existed since the early 1990s and increased in use in the early 2000s. By the end of 2007, the outstanding CDS amount was $62.2 trillion, [3] falling to $26.3 trillion by mid-year 2010 [4] and reportedly $25.5 [5] trillion in early 2012.
A bill in Costa Rica then passed its first reading, prescribing a 6% tax on alcohol sponsorships, and ensuring that 20% of advertising fees would be spent on building and maintaining sports facilities. [108] In 2012, Spain banned sponsorship of alcohol with an ABV of 20% or higher, in sport.
In 2009, software engineer and entrepreneur Zhang Yiming collaborated with his friend Liang Rubo to co-found 99fang.com, a real estate search engine. [11] In early 2012, the pair rented an apartment in Zhongguancun and, along with several other 99fang employees, began developing an app that would use big data algorithms to classify news according to users' preferences, which would later become ...
Ross Perot was born in Texarkana, Texas in 1930, the son of Lula May (née Ray) and Gabriel Ross Perot, [2] a commodity broker specializing in cotton contracts. [3] [4] He had an older brother, Gabriel Perot Jr., who died as a toddler. [5] His patrilineal line traces back to a French-Canadian immigrant to the colony of Louisiana in the 1740s ...
Nuclear power in the United Kingdom generated 16.1% of the country's electricity in 2020. [1] As of August 2022, the UK has 9 operational nuclear reactors at five locations (8 advanced gas-cooled reactors (AGR) and one pressurised water reactor (PWR)), producing 5.9 GWe. [2]
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