One should learn from one`s mistakes, but Americans apparently do not. The great crisis of 2008 was brought on by the securitization of sub-prime housing mortgages. To a lesser degree the same mistake was made again with the securitization of sub-prime auto loans, and now the housing market is once more preparing the basis for another crisis.
Billionaire tycoon George Soros has warned the EU it is facing an 'existential crisis' and that Brexit talks could last five years. If, during the divorce negotiations, the EU manages to successfully reform itself and attract wider support from its citizens, the U.K. will want to keep its European membership, Soros told an audience in Brussels. "The divorce will be a long process taking as long as five years. Five years are a very long time in politics, especially in revolutionary times like the present," Soros noted.
Fintech is taking the world by storm, and investors are starting to notice. While 2016 was dubbed what some might say as “challenging” for the fintech market, overall investment in fintech totalled $24.7 billion, according to KPMG. That figure is impressive enough on its own, but it pales in comparison to the $46.7 billion invested in 2015. As KPMG suggests, 2016 was a “challenging year for fintech investment,” with thanks to the Brexit vote and circumstances surrounding that outcome. The US presidential election was also a contributing factor, while there was also a slight slowdown in China.
Hong Kong maintained its hold on the top of the rankings as the world most competitive economy once again, the annual rankings compiled by the IMD World Competitiveness Center in Switzerland shows. Switzerland and Singapore came in second and third, while the United States ranked fourth, its lowest position in five years and down from third last year.
Apple's rumored Siri smart speaker, which is designed to compete with the Google Home and Amazon Echo, is already in production ahead of a prospective debut at the upcoming Worldwide Developers Conference, reports Bloomberg. Citing sources "familiar with the matter," Bloomberg says production has already started on the speaker, but it is not expected to be ready to ship until later in the year. Still, Apple could introduce the speaker at WWDC, which kicks off next Monday.
Announced as a ‘world premiere’, the new legislative project will soon reach the Parliament and its main purpose is to stop the psychopaths who were convicted from leaving the Australian territory. The measure will lead to the cancellation of 20.000 passports belonging to individuals who have served their sentence for pedophilia but are still in the forefront of some judicial services.
Switzerland's economy expanded at a slightly faster pace in the first quarter, data from the State Secretariat for Economic Affairs showed Thursday. Quarter-on-quarter real growth of 0.3 percent surpassed the upwardly revised 0.2 percent in the fourth quarter but lagged the 0.4 percent expansion expected on average in a Reuters poll of five economists. In the same period GDP performance recorded a 0.5 per cent expansion in the eurozone, 0.6 per cent in Germany and 0.2 per cent in the UK.
A measure reflecting the trends in the Swiss economy rose modestly in April, suggesting average private consumption growth, results of a survey by the UBS investment bank showed Wednesday. The UBS consumption indicator rose to 1.48 points in April from 1.44 in March, which was revised from 1.50.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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