Angela Merkel, Germany’s former chancellor, used to say that Europe accounted for 7% of the world’s population, 25% of its GDP but 50% of its social spending.
Dr Murthy’s statistics suggest that women who drink occasionally have about a 16.5% lifetime risk of several common cancers, whereas those who have one drink a day—America’s recommended maximum—have about a 19% chance
In Sweden investment savings accounts (which are easy to use and lightly taxed) have produced a booming retail-investing scene. As a result, the country has become a hotspot for initial public offerings. In the past decade it enjoyed more listings than France, Germany, Spain and the Netherlands combined.
Among the ten most valuable Nordic companies, the figure is just 2%, compared with 12% for big firms in the rest of Europe and 46% for those in America.
Back-of-the-envelope calculations by Citigroup, a bank, suggest tariffs that high could cut 2.4 percentage points off China’s growth rate, if the government did nothing to cushion the blow.