1 May 2014 Current Affairs
International Labour Day Observed Across The World On 1 May 2014
International Labour Day is also known as the International Worker’s Day and May Day was observed across the world on 1 May 2014. The annual day, promoted by the international labour movement, is a celebration of labour and the working classes. Over 80 countries observe national public holiday on this occasion. Many countries celebrate a Labour Day unrelated to International Workers' Day on other dates significant to the labour movement in that country.
Switzerland and Norway Are World's Most Expensive Economies
According to a new ranking by the World Bank, Switzerland and Norway are the world’s most expensive economies, followed by Bermuda, Australia and Denmark. Economies with the lowest prices are Egypt, Pakistan, Myanmar, Ethiopia and Laos, according to a review of economic data which seeks to compensate for exchange rate effects and measure spending power across countries. The United States, the world’s largest economy, was in relatively affordable 25th place, lower than most other high-income countries.