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2013-12-05 13:37:17

International time differences have a negative and economically significant impact on trade between countries, according to research published this week. The study by Dr Edward Anderson, of the School of International Development at the University of East Anglia (UEA), found that each hour of time difference reduced international goods trade by between two and seven per cent. The effect of a five hour time difference, such as that between London and New York, was equivalent to an increase...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.