News

28.02.2017

e-Commerce meets Fashion in Ticino: Carlo Terreni explains the importance of digital in fashion

 
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28.02.2017

Next-Generation: Private astronauts will fly around the Moon

SpaceX founder and chief executive Elon Musk announced on Monday a mission to send a pair of regular people around the moon by the end of 2018. Two private citizens, not astronauts, will fly in the Dragon 2 spacecraft, which will be launched by a Falcon Heavy rocket. Both the Dragon 2 capsule and the Falcon Heavy are still under development, and the first Falcon Heavy launch is expected sometime this summer. The two private citizens, who have not yet been named, approached SpaceX about taking a trip around the moon, and have "already paid a significant deposit" for the cost of the mission, according to a statement from the company. The names of the two individuals will be announced later, pending the result of initial health tests to ensure their fitness for the mission, the statement said.

 
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28.02.2017

Swiss Central Bank: cash will live for many years

The Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payments systems. Among other benefits over cashless payments, cash provides "more effective budget control" and can be used without any technical know-how, while it also offers a comprehensive protection with regard to financial privacy, SNB's deputy head Fritz Zurbruegg said. It has been speculated for some time that Switzerland may have to do away with cash, especially high value banknotes, to get rid of its tag of being an alleged 'safe haven' for black money stashed by foreigners.

 
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28.02.2017

Assisted suicide: from Canada to Switzerland for the Last Day

Canadians choose to travel to Switzerland to end their own lives last year, as Parliament passed a new law permitting doctor-assisted death that was widely criticized as too restrictive. Dignitas, the Swiss organization that offers  suicide assistance to those with chronic, degenerative or terminal illness said 131 Canadians became members in 2016. It says 11 Canadians came to them in 2014, seven in 2015, and with the new law in place, five Canadians still travelled to Switzerland for assisted death feeling that new Canadian law did not leave them options at home.

 
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28.02.2017

Smartphone production is too intensive for the world, Greenpeace's report

Smartphone production and disposal over the last 10 years is proving to have a significant impact on our planet, according to a Greenpeace USA report released yesterady on the sideline of Mobile World Congress 2017, which kicked off in Barcelona. In From Smart to Senseless report it warned: “Electronics manufacturing is highly energy-intensive and its energy footprint is growing significantly, as the volume and complexity of our electronic devices continues to expand.”

 
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27.02.2017

Bill Gates: robots should pay taxes when people loose jobs

The impact of automation on jobs and society is an increasingly hot topic, with debates going on about how and when human workers will be displaced by robots and A.I. systems. Bill Gates said in a recent interview with Quartz that governments should tax companies’ use of automation technologies, to mitigate the impact of job losses. “Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed and you get income tax, social security tax, all those things,” Gates said. “If a robot comes in to do the same thing, you’d think that we’d tax the robot at a similar level.”

 
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27.02.2017

When will the Dow Jones crash?

Richard W. Schabacker, financial editor of Forbes Magazine with previous experiences at the Federal Reserve Bank of New York and at the Standard Statistic Company (today Standard & Poor's), wrote three important books (1) on how financial market works. He described the first price models (patterns) that can be identified on charts, to better understand the sequence of underlying psychological relationships between buyers and sellers. Hence is the psychological aspect that drives in many situations the movement of market prices. Professor Lo of MIT, is the author of a theory related to financial markets that combines the rational aspect with the psychological aspect (2).

 
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27.02.2017

Are you bored? Maybe you are a lawyer in Emirates

If you find yourself stifling yawns and counting down the minutes on the clock every single day that you're in work, it could be because you work in one of the world's most boring jobs. A list of the 10 most boring jobs was released by employment specialist Emolument, that asked 1300 workers across 14 sectors if they were bored at work.  Law professionals are the least upbeat employees, with 80% saying they were bored at work, and chief executives were just as bored as junior employees. Being legally bored was put down to the repetitiveness of researching cases and rulings in a junior lawyer's working week. 

 
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27.02.2017

Sanofi and Lonza: joint-venture will build $285 mln biologics facility in Switzerland

French drugmaker Sanofi and Swiss manufacturer Lonza, a supplier to the pharmaceutical, healthcare and life-science industries, announced Monday that they have entered into a strategic partnership to establish a large-scale biologics production facility in Switzerland. The initial investment will be around 290 million Swiss francs (€270 million), to be split equally between each company. Pending regulatory approvals, the facility, through a 50-50 joint venture, will be located in Visp, Switzerland, Sanofi and Lonza said in a joint statement. The initial phase of the facility will commence construction in 2017, it is expected to be fully operational by 2020.

 
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27.02.2017

How high is high? (by W. Snyder)

“Buy low, sell high” is what investors would like to do, but many “Sell low, buy high”, which is what they should not do. This Newsletter recently recommended selling as opposed to buying. The last week has seen even higher highs in the US markets.

 
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