News

13.12.2017

LFF, Blockchain is the new black. The presentations dealing with it

Blockchain was therefore one of the main topics even in presentations

 
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13.12.2017

Microsoft investing $50 million to Change the World with "AI for Earth” Project

Microsoft is spending $50 million over the next five years on making artificial intelligence technologies (AI) available to researchers and organizations that are working to protect and improve the environment. The initiative is part of an expansion of the software giant's AI for Earth program. First announced in July, the environmental technology initially was primarily focused on agriculture, biodiversity, water scarcity, and of course, climate change. In October, the program was expanded to include the research involving the world's oceans and the problems affecting them, including pollution, rising sea levels and increasing acidity.

 
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13.12.2017

South Korea considers taxing Bitcoin profits to regulate the "Speculative Mania"

South Korea will ban minors and foreigners from trading in virtual currency or creating bank accounts for them in the country, a government statement obtained by Reuters ahead of an official release showed. It will also tax profits from income from virtual currency and impose stricter authentication for traders, the Office of Government Policy Coordination, which reports to the prime minister, said.

 
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12.12.2017

Facebook plans to restructure tax structure

Facebook has become one of the first large technology companies to shake up its tax structure and book less of its revenue in Ireland, as multinationals come under pressure to pay tax in the countries where they operate. From January 1st, Facebook will begin the process of booking revenues from large advertisers in about 28 countries - including France and Germany and other major European markets - in the countries in which they were earned. It will also pay the taxes on those revenues in those countries, and not in Ireland.

 
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12.12.2017

The Flattening Yield Curve

Various market observers have remarked that the yield curve is flattening. That means that the spread, that is, the difference, between the yield of short-term Treasuries (US government bonds) is decreasing in relation to the yield of long-term Treasuries. The two-year bond, which is to be considered short-term, is currently at about 1.75% ($UST2Y 1.75) and should be compared with the five-year yield ($UST5Y), which is at 2.07%, and the ten-year yield ($UST10Y) at 2.43%. 

 
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12.12.2017

Swiss giant UBS leads Ethereum platform

Just in time for the implementation of stringent new regulatory requirements, some of the largest banks in the world have revealed a pilot designed to simplify compliance using ethereum. Banking giant UBS announced Monday it has united with Barclays, KBC, SIX and Thomson Reuters to advance the MiFID II data collection project. MiFID II is a revamped version of the Markets in Financial Instruments Directive, which is intended to offer greater protection for investors. MiFID II officially comes into force Jan. 3, 2018.

 
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12.12.2017

German shoemaker Birkenstock gets divorce from Amazon

Birkenstock has terminated its business relations with Amazon, accusing it of breaking the law. From January 1, Birkenstock will cease trading with the online retail giant within the EU, citing a breakdown in trust between the two parties. In a statement issued on Monday, Birkenstock claimed there has been a series of violations of the law on Amazon’s Marketplace platform, which the online retailer failed to prevent. Birkenstock said on a number of occasions, it filed complaints that counterfeit products of poor quality, which infringed the company’s trademark rights and misled the consumers regarding the origins of goods that, were being made available on the platform.

 
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12.12.2017

EFG closed the integration with BSI

Swiss private bank EFG International has concluded the integration of all operations of local rival BSI into its platform. The deal came to a close with migration of BSI’s Ticino business to EFG’s IT platform. The merger comprised 15 individual IT migrations this year. With the deal, EFG advances to one of Switzerland's largest private banks, which 147.5 billion in assets under management as of October.

 
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11.12.2017

Money laundering: Britain to set up a national economic crime centre

Britain said on Monday it would create a new national economic crime center to crack down harder on money laundering by drug dealers and people traffickers who are expected to net 90 billion pounds ($120.3 billion) this year, home secretary Amber Rudd said. Rudd announced plans for a national economic crime centre that will sit within the National Crime Agency (NCA) and will be backed by greater intelligence and analytical capabilities.

 
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11.12.2017

Bitcoin crash, the Deutsche Bank alert in the Futures Opening Day

According to Deutsche Bank Chief International Economist Torsten Slok, the major risks for the global economy in 2018 include a crash of Bitcoin. Slok sees huge potential for volatility in the price of the cryptocurrency, as do other economists, and has indicated that the price may even see huge changes before the close of the current year. His main concerns include regulation, transparency, and disclosure, as well as volatility drifting into the overall market. He said: "It's mainly because it (Bitcoin price volatility) is something that I think financial markets so far have been discounting as a small issue," Slok said. 

 
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