News

28.09.2017

Russia: Burger King wants to ban "It" movie

According to The Hollywood Reporter, Burger King is petitioning the Russian government’s Federal Anti-Monopoly Service to ban It from showing in theaters because they argue that the Stephen King reboot could potentially hurt its business.  Apparently, Burger King is afraid that audiences will watch an evil clown terrorize a bunch of children for two hours and get inspired to give their business to another similarly red-haired clown. It's basically the opposite argument that all those hardworking clowns made when they feared that IT would wreck their birthday party business, but whatever.

 
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28.09.2017

Expert Commentary: Focus on Canadian Economy and CAD

Latest reports revealed that the Consumer Price Index for July remained at about the same level it was seen back in June, when it was reported to have increased 1.2% y/y/. Is it reasonable to expect a higher inflation in the next quarter? Yes, we do see inflation in Canada grinding higher in the next 3-6 months, though it is going to be a slow track up to the bank's 2% target. Some of the weaknesses has occurred due to temporary factors that are likely going to reverse to some extent in the nearest future. At this point, we continue to believe that the economy is operating at a relatively high level and that the growth will create modest inflation pressure.

 
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28.09.2017

Google Shopping is changing to avoid new EU fines

Three months after it was fined €2.4 billion by the European Commission for abusing its position on its online shopping service, Google is changing its website to comply with the Commission's demands and avoid a new penalty. On Thursday morning (28 September), the US company's shopping service will treat its own ads the same way as ads from external services.

 
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28.09.2017

Dubai is testing Air Taxi Flight

The Dubai Civil Aviation Authority (DCAA) has begun testing on a proof-of-concept autonomous air taxi, flying for five minutes approximately 650 feet above a windy residential neighborhood. The air taxis (AATs) are built by the German company Volocopter. Looking like a helicopter with a drone's rotors attached at the top, it is meant to seat 2 with 18 propellors. Unmanned for its first run, the test and surrounding ceremony was arranged by Dubai Crown Prince Sheikh Hamdan bin Mohammed.

 
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27.09.2017

Pakistan – Where do we go from here?

The Pakistani equity market has been one of the best performing equity markets of the world for the last 20 years, despite facing significant challenges.

 
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27.09.2017

Bitcoin above $4000, which the next stop?

Bitcoin price made a firm upward move to push beyond $4,000 and chalk in a high above $4,100 at press time after flirting with the level over the last few days. Trading data from Bitfinex reveals bitcoin trading to the dollar near $3,900 at the start of the day. Now back above the $4,000 mark, the momentum stuck as trading climbed further for price to register a new 7-day high of $4,112 on Bitstamp.

 
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27.09.2017

Switzerland was the richest in the world

The US has overtaken Switzerland as the world’s richest country in terms of wealth per household. On September 27, Allianz unveiled the eighth edition of its "Global Wealth Report", which puts the asset and debt situation of households in more than 50 countries under the microscope. At the top of the list of the 20 richest countries (net financial assets per capita, see table), a changing of the guard occurred in 2016, with the United States capturing the top spot from Switzerland.However, its lead is razor-thin and some of the credit goes to a stronger dollar.

 
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27.09.2017

Business internationalization and fiscal optimization, in the view of last International Fiscal Forum

Finlantern’s Fiscal Forum, at its fourth edition, once again created an environment where enterpreneurs and investors were able to meet new potential clients, and in general create networking opportunities, but also learn the benefits of internationalization, and meet tax advisors.

 
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27.09.2017

New cars and hotels helped UBS consumption indicator in August

Switzerland's consumption improved in August thanks to robust new car registrations and encouraging numbers of hotel stays, data from the UBS investment bank showed Wednesday. The consumption indicator rose to 1.53 points in August from revised 1.46 in July. The index suggested that consumption growth was slightly above the long-term average of 1.5%. The consumption indicator was altered after the Federal Statistical Office revised consumption figures for previous years in late August. 

 
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27.09.2017

Swiss economy is the most competitive in the world

Switzerland is the world’s most competitive economy for a ninth straight year, the Geneva-based World Economic Forum said on Wednesday. Since suffering a rare blip in 2008, when it was nudged into second place by the United States, the Swiss economy has maintained an efficient but unshakeable grip on the top spot in the WEF annual ranking .

 
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    Topic: "Blockchain"

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    Part I: Basics (“GIPS beginners”) - Part II: Recent Developments and Update from the GIPS Commit

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