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It has been revealed that China has gone ahead of Germany and France to become the third-largest arms exporter in the world following US and Russia.

According to the Stockholm International Peace Research Institute (SIPRI), the US contributed to 31% of all exports of conventional weapons last year, whereas Russia accounted for 27% of the world's total. China followed with only about 5% of the world's total.

In 2014, Beijing edged out Germany and France to become the world's third-largest exporter of arms. SIPRI notified that 41% of China's exports went to Pakistan and Russia's exports went to India, which is the world's leading arms importer. The US had the majority clients with South Korea. South Korea accounted for only 9% of all US weapon exports.

It has been found that a real estate investment trust (REIT) is planning to sell its more than a dozen ski resorts from Maine to California.

CNL Lifestyle Properties has planned to close Okemo Mountain in Ludlow, which is worth hundreds of millions of dollars.

The real estate investment trust also owns 16 resorts including Sunday River and Sugarloaf in Maine, Bretton Woods, Loon Mountain and Mount Sunapee in New Hampshire, and Okemo Mountain in Vermont. It is also owner of Crested Butte in Colorado, Brighton in Utah, and Sierra-at-Tahoe in California.

If CNL sells its all ski resorts to a single buyer then it will be the largest single ski resort transaction in the history of the sport.

According to reports, about 84,000 barrels of crude oil have started to flow through a new pipeline which connected North Dakota's sprawling oil fields to Wyoming's oil hub. The new line is a few hundred miles from planned path of the controversial Keystone XL pipeline.

In West Texas, a new pipeline has been activated by engineers. The reports stated that the pipeline delivers crude from Permian Basin to refineries near Houston. Government officials from Kansas, Iowa and South Dakota have been examining the route of the path of pipeline extensions that would pass nearby the states.

According to experts, withdrawing money from retirement accounts at the wrong time could lead to serious tax consequences. There is a need of a withdrawal strategy for maximum benefits from retirement income. The standard approach to withdraw retirement funds generally follows this progression:

1. If you are older than 70½, then you should take any required minimum distributions (RMDs) from your traditional IRA or 401(k)s. Calculate RMD by using age and the value of your account.

2. People can spend from any investment portfolio that is not part of an eligible retirement plan or tax-deferred annuity. Tapping these accounts will give low total tax liability.

Rampant mislabeling of seafood and black-market fishing not only misleads consumers, but it also adds to a major loss to the global fishing industry every year. In order to stop the illegal activity, Obama administration unveiled new measures in Boston on Sunday.

At an annual meeting of the seafood industry at the Boston Convention Center, the plan was shared included in a 40-page report. The plan aims to track the fish and crustaceans from the place where they were caught to where they are sent.

Each year, thousands of car accidents occur in the US, which lead to death or severe disability in many cases. Approximately, 33,000 lives are lost every year, so it is certainly a big concern. There would be a relief, if a machine can help reduce this figure to 3,300. If only one death occurs with help of a machine, instead of loss of 10 lives due to human mistakes, wouldn't it be a better way?

Author Malcolm Gladwell talked to the venture capitalist Bill Gurley on 'catastrophically imperfect' network of cars. Gurley also talked about the biggest negative side of self-driving cars. They talked about the matter in a keynote address at the SXSW Interactive Festival on Sunday.