News

29.08.2017

Japan's job-market shows an incredible ratio

Japanese labour market conditions remain incredibly strong, according to data released by the Japanese government today. Japan's job openings-to-applicants ratio came to 1.52 in July on seasonally adjusted terms, rising 0.01 of a point from June and improving for the fifth straight month, the Ministry of Health, Labor and Welfare said on Tuesday. The ratio measures the number of jobs available compared to the number of active job seekers. That means that for every 100 people seeking work in July, there were 152 jobs available, the most since February 1974. July's ratio exceeded that seen in the early 1990s, during Japan's economic bubble era.

 
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29.08.2017

Swiss students ask to rejoin Erasmus before 2021

Switzerland should be reintegrated into the Erasmus+ student exchange programme from the beginning of 2018, and not in 2021 as the government wants, says the Swiss Student Union. On Monday a petition signed by 10,000 people was lodged with the federal government, demanding that Switzerland resume its negotiations with the EU on the subject so that Swiss students can be reintegrated in the programme by 2018 and to allocate sufficient financial resources to the scheme.

 
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28.08.2017

Gilead to buy Kite for $12 bn to acquire cancer therapy

Gilead Sciences Inc agreed to buy Kite Pharma Inc in a $11.9 billion deal on Monday, as it looks to fuel growth with an emerging class of cancer immunotherapies that are expected to generate billions. Gilead will pay $180 per share in an all-cash deal, representing a 29.4 percent premium over Kite’s Friday close. Kite’s shares were trading up at $178.15 before the bell.

 
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28.08.2017

Brexit is pushing up to a million skilled worker away from UK

Almost a million EU citizens working in Britain – many of them young, highly qualified and much sought-after by businesses – are either planning to leave the country or have already made up their minds to go as a result of Brexit, a study has found. A survey of 2,000 EU workers in Britain by KPMG, the professional services firm, found that 55% of those with PhDs and 49% of those with postgraduate degrees were either planning to go or were actively considering it. If all of those considering departure actually left, it would reduce the UK’s national workforce by 3.1% - almost one million people - said the consultancy firm.

 
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28.08.2017

Swiss Panel to discuss how to share information over Black Money

The Committee on Economy and Royalties of the National Council or CER-N, a key panel of Swiss parliament which rejected on August 15 a proposal seeking to outrightly suspend implementation of the AEOI Switzerland has agreed to adopt with 41 nations including India, will examine the criteria a country would need to satisfy to start getting access to data under the automatic information exchange. According to the minutes of the last meeting of the committee, the CER-N will continue its examination at a meeting on September 11 of the 41 AEOIs agreed upon by the Federal Council, the highest decision making body of Swiss government.

 
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28.08.2017

Greece: Political uncertainty is the key in protracted debt crisis

Political uncertainty and what appears to be a "perennial confrontation" between Greece and its international creditors are the main reasons the debt-laden country has been unable to exit its protracted financial crisis, according to a study carried out by Greek lender Eurobank, local newspaper "Kathimerini" (Daily) reported on Thursday. The study, titled “The Cost of Uncertainty,” highlights the important role credibility plays in the implementation of economic policy, and this, the study says, is not something Greece has enjoyed in recent years.

 
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28.08.2017

Swiss Emmentaler is the Superfood, South Korea's research says

As if you needed any more justification, the case for eating cheese just got stronger. Granted the study was carried out on worms, but researchers at Korea University in Seoul have found a link between cheese and longevity. Emmentaler – a.k.a. Swiss cheese (cow’s milk cheese with cherry-sized holes) – contains the bacterium Propionibacterium freudenreichii. According to Metro News, it’s this bacterium in particular that the scientists examined, finding that it decreases inflammation and by extension, promotes longevity.

 
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25.08.2017

Brexit will help Frankfurt to become a Little London

Brexit is set to deliver a much-heralded jobs boom with over 80,000 new roles to be created in Frankfurt. A new report released by lobby group Frankfurt Main Finance found that the expected influx of 10,000 financial services staff over the next four years - fuelled by relocation plans and a banking exodus from London - will result in the creation of up to 87,667 new roles throughout the Rhein-Main-Region.

 
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25.08.2017

Samsung boss sentenced to 5 years for corruption

Days after a largely positive launch of the Galaxy Note 8, the head of Samsung has been sentenced to five years in jail. Lee Jae-Yong, who has been in charge of the company since his father suffered a heart attack in 2014, was found guilty of bribing the South Korean government. The heir to the empire has been embroiled in the scandal, which saw the impeachment of the country's president, since last year. His father remains in hospital, making Lee the de facto leader of the electronics giant.

 
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25.08.2017

Hackers like to steal you mobile phone number

Hackers have discovered that one of the most central elements of online security, the mobile phone number, is also one of the easiest to steal; and it's is an increasingly growing problem, the New York Times reports. In a growing number of online attacks, hackers have been calling up Verizon, T-Mobile U.S., Sprint and AT&T and asking them to transfer control of a victim’s phone number to a device under the control of the hackers. Once they get control of the phone number, they can reset the passwords on every account that uses the phone number as a security backup — as services like Google, Twitter and Facebook suggest. 

 
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