KLM has launched a Whatsapp service for businesses, allowing passengers to receive flight information through the messaging app. The Dutch company has become the first airline out the gates with a presence on Whatsapp Business, a dedicated channel in which companies can reach out to their customers.
Falcon Private Bank, a Swiss private banking boutique, has appointed Martin Keller as its chief executive officer, taking over from Walter Berchtold, effective on Wedsneday. The bank's chairman Christian Wenger has also announced that he will step down. His successor will be appointed in due course.
Robert Shiller, the Nobel-winning author who predicted the two biggest speculative markets in recent history, is repeating that bitcoin is in a bubble. In January 2014 at the World Economic Forum in Davos, Switzerland, he called the cryptocurrency "an amazing example of a bubble," adding that there was "no question about it."
This is, of course, a provocative heading that shoots against successful investors. And it is a thesis, which probably most traders reject. But, in return, we ask the question of the Holy Grail of the trades: Is it really true? If we define this grail as a constantly successful trading system, the consequence is clear: there is no such thing.
Responding to President Vladimir Putin's recent comments on artificial intelligence, Space X and Tesla CEO Elon Musk said on Monday that World War III would likely be triggered by competition for AI. The business magnate’s prediction came in response to Putin’s comments at a meeting with schoolchildren in Yaroslavl on September 1, in which the Russian president said it was important to prevent monopolies in the field, adding that if Russia became the global leader in artificial intelligence, “it will share its technology with the rest of the world, like we are doing now with atomic and nuclear technology.”
The data breakdown from this year’s tax returns so far confirm what Greece’s finance ministry officials were afraid all along: Declared income from freelancers dropped by 20%, compared to last year. According to a Kathimerini newspaper report, the tax burden on professionals and freelancers has led to tax evasion. The negative development will not only have an impact on this year’s budget but future budgets too, which has generated concern at the ministry ahead of the third bailout review, especially given the International Monetary Fund’s view that Greece will not be able to achieve the target for a primary surplus of 3.5 percent of gross domestic product from next year.
On Monday, Israel and Switzerland signed a memorandum of understanding aimed at increasing their relations in the financial services sector. The document was signed in Tel Aviv by Israeli Finance Minister Moshe Kahlon and Ueli Maurer, the head of Swiss Confederation Federal Department of Finance. The Ministry of Finance stated, "Israel and Switzerland have signed a letter of understanding for extensive cooperation in the financial services sector." At the same time, sources said that the Israel Securities Authority was promoting an extension of the dual listing arrangement for Israeli companies to Hong Kong and Singapore.
Angry Birds maker Rovio will float shares on the Nasdaq Helsinki stock exchange, confirming rumours of an imminent initial public offering (IPO) which emerged last month. The developer of the first mobile game to hit one billion downloads will issue €30m in shares in the Finnish capital, where it is headquartered, it said in a statement.
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