Where to house the refugees and how to assimilate them into the host country’s culture are the two main concerns of Europe’s refugee crisis and the sharing economy’s methods is being aimed by one non-profit organization in the region to try… Read More ›
Economy & Finance
Philippe Dauman and Sumner Redstone agree to settle and avoid a legal battle
The root cause of the crisis started when in efforts to boost Viacom’s bottomline Dauman proposed and pushed for the sale of Paramount Studios, a company which Sumner Redstone acquired after a long battle with media mogul Barry Diller in… Read More ›
Will Robots Save Denmark’s Welfare State?
Denmark may not soon be able to afford offering such a good deal to its people and this is a problem for the country. Marking one of the highest levels in the rich world, Denmark devotes slightly more than 30… Read More ›
Artificial Intelligence as Future of Search is Start-ups’ Bet to Challenge Google
New artificial intelligence (AI) techniques that make searching the web more like talking to a friend and start-ups are hoping that with this new technology they would be able to challenge Google. Understanding natural language, a thing that has typically… Read More ›
Eurozone’s banking environment challenging – Deutsche Bank’s retail chief
Given the present conditions, the bank’s top management could once again forego their yearly bonus. According to Deutsche Bank’s retail chief, interest rates in the Eurozone could be hovering around the 1% mark after 3 years. Christian Sewing, Deutsche Bank’s… Read More ›
Study Finds Ranks in Innovative Economies Dominated by Switzerland, Sweden, Britain
While China is quickly entering the list of economies that are among the greatest innovators, the European economies continue to dominate the ranks of the world’s most innovative countries. This was revealed after a study conducted jointly by the World… Read More ›
Asian Fund Managers Called by $11 Trillion Muslim Wealth Mountain
The race to tap the wealth held by Muslim individuals, institutions and government worth $11.5 trillion is intensifying. Expanding an industry that’s lured global money managers from BNP Paribas SA to Schroder Investment Management Ltd in the past year, the asset management units… Read More ›
Analysts Worried over German Economy Despite Better than Expected Growth
There has been slowdown in the growth of the German economy in the second quarter of 2016. However contrary to expectations the growth, clocked at 0.4 percent, was better than what had been predicted. This was revealed in flash estimates… Read More ›
Dodging Recession, Hong Kong Notes an Expansion in its Economy, its Most Since 2011
A pick up in exports helped offset sluggish retail sales in Hong Kong as the city’s economy grew at the fastest pace since March 2011. The government of Hong Kong said in a statement on Friday that in the three… Read More ›
Russia Fines Google for Breaking Antitrust Rules with Android
In what is representative of a latest in a growing list of global regulatory problems for the American search giant – Google, Russian antitrust officials fined a relatively small penalty of $6.8 million on Thursday on the company. By favoring… Read More ›