News

18.12.2017

EU Commission to launch tax investigation over IKEA

An investigation by Brussels is to be launched today into Ikea’s Dutch tax arrangements. The Financial Times is reporting that Margrethe Vestager, the EU’s competition commissioner, will today announce an official probe into Ikea’s tax arrangements in the Netherlands, which according to a report published by the Green Party in the European Parliament, allegedly have helped Ikea avoid nearly €1bn in EU taxes between 2009 to 2014.

 
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18.12.2017

Woman jailed in Denmark for Bitcoin murder plot

A woman from Italy who ordered her boyfriend’s murder via a website and paid a hitman in the digital currency bitcoin was sentenced to six years in a Danish jail on Friday. The Italian woman, who has remained unnamed, hired the hitman on a site called Crime Bay. She wanted the hitman to murder her boyfriend, so she sent the hitman a photograph of the intended victim along with his address. She insisted that the hitman use a silencer and that he succeed in killing the victim on the first attempt.

 
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18.12.2017

How a Dutch startup mines cryptocurrency from your body

With the price of Bitcoin reaching the peaks of $19,086 earlier today, it should come as no surprise the flood oof cryptocurrency-related news would reach the point of using the human body to mine crypto. We've reached a point where a Dutch startup believes that human beings should be like they were in The Matrix, simply batteries to run the system. Founded in 2015, the Institute of Human Obsolescence (IoHO) is based in The Hague and presents itself as an organization devoted to exploring how individuals can capitalize on biological, and data production labor through art and research projects.

 
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18.12.2017

Is a Flattening Yield Curve Really Dangerous?

Did you know that one of the most popular keywords in the Google searches last month, was “yield curve flattening”? There is a lot of discussion these weeks about the narrowing spread between the long and short term maturities in the Treasury Notes yields. Such a spread has shrunk at the lowest levels since 2007. Why is this a cause of concern? The yield curve is the difference in reward the investors receive for locking their investments for longer periods of time, which means greater uncertainty. A compensation for investors who tolerate the extra risk is usually called risk premium. But when such premium fades away then the yield curve is flat, when the spread is negative, the curve is inverted.

 
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15.12.2017

OECD reports sounds alarm bell for Swiss biodiversity

Switzerland's environment may not be doing as well as perceived, according to the latest report by the Organization for Economic Cooperation and Development (OECD) released, which suggests that the swiss country should do more to address threats to biodiversity. Altough one of the greenest OECD countries, Switzerland still needs to try to reduce threats to biodiversity and seek more sustainable consumption patterns, as high levels of waste generation and road traffic are putting pressure on the densely populated Central Plateau, according to the OECD's third environmental performance review of Switzerland.

 
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15.12.2017

Swiss-Israeli firm raised $115 mln to develop blockchain-technology

Sirin Labs, the Swiss-Israeli technology firm founded and by led by Moshe Hogeg, said on Thursday it had so far raised about $115 million in an initial coin offering to support the development of a smartphone and other products using open source blockchain technology.

 
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15.12.2017

Technical Analysis: GBP/USD struggles to bypass 1.3450

In result of the previous trading session the currency exchange rate made a breakout from the rising wedge formation.   However, as the southern side was covered by the weekly PP and the 200-hour SMA the pair could not fall below the 1.3400 mark. In a similar manner, a resistance zone located between the 1.3440 and 1.3448 levels did not allow the pair to climb higher as well. 

 
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15.12.2017

Deutsche Bank survey reveals the identity of typical Bitcoin's traders

When Deutsche Bank’s Global Financial Strategist Masao Muraki looks at the bitcoin market, he sees a market that is being “held up” by certain forces. In a December 14 research note titled “The identity of who is propping up the Bitcoin market,” Muraki and his team want to know who is holding up the bitcoin market and why is investing in cryptocurrency. Japanese men in their 30s and 40s are the biggest drivers of the bitcoin boom. 

 
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15.12.2017

Switzerland is the european Silicon Valley for Indian robotics company

Switzerland has been ranked for the past seven years as the world's most innovative country by Cornell, the World Intellectual Property Organization and the INSEAD Business School.  So, Indian IT companies up North are looking up to Switzerland for the technical know-how in Robotics; economists consider Switzerland could emerge as a competitor to California, given the availability of technology, people and funding in Switzerland which are fuelling the robotics sector. 

 
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15.12.2017

Israel PM Netanyahu believes bitcoin will replace the traditional bank

On December 12, Prime Minister Benjamin Netanyahu openly commented on the future of banking, seen through a youtube video. He believes that blockchain technology will replace traditional banks as a result of bitcoin’s growth this year. With governments and Central Banks around the world concerned over the unstable growth of digital currencies, Netanyahu, a prominent world leader, expresses his honest opinions on the future of banking. The Prime Minister states in Hebrew: "Is the fate of banks that they will eventually disappear? Yes. The answer is Yes. Does it need to happen tomorrow? And do we need to do it through Bitcoin? That’s a question mark."

 
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