News

29.05.2017

Apple: Neural Engine chip to remove users from devices

Apple is reportedly working on a dedicated artificial intelligence chip that would power AI-related tasks on mobile devices, according to a report from Bloomberg’s Mark Gurman. The chip, which may be called the Apple Neural Engine, would be used to offload tasks that require sophisticated algorithms related to facial and speech recognition and augmented reality tasks that rely heavily on computer vision. 

 
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29.05.2017

British Airways chaos could cost $150 mln

British Airways, owned by International Airlines Group (IAG), faces a potential multi-million pound bill for the delayed passengers. Three days of chaos caused by an IT glitch at Delta airlines last year was expected to cost the US carrier $150m in lost revenue. Many families have lost their holidays, while others have been forced to sleep on the floor of Britain’s two biggest airports since the computer crash on Saturday.

 
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29.05.2017

Merkel warned Trump: Europe cannot rely longer on US

German Chancellor Angela Merkel on Sunday declared a new chapter in U.S.-European relations after contentious meetings with President Trump last week, saying that Europe "really must take our fate into our own hands." It was the toughest review yet of Trump's trip to Europe, which inflamed tensions rather than healing them after the U.S. president sparred with the leaders of Washington's closest and oldest allies on trade, defense and climate change.

 
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29.05.2017

Where is the Bitcoin price going next?

Bitcoin prices skyrocketed last week and surged to all-time highs above $2.700, and this generated on the web a lot of articles about a possible bubble of this complex and strange asset. Like all the financial assets, also Bitcoin can be studied in Technical Analysis using charts. One of the most common errors I have noticed, is the lack of a proper representation of this asset on the graphs. In the chart below, you can see the BITCOIN/US DOLLAR FX SPOT RATE chart from 2011. It looks impressive but also misleading.

 
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27.05.2017

Book Review: Inevitable: Understanding the 12 Technological Forces that will shape our Future

 
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26.05.2017

UBS to launch credit card for Super Rich

UBS is looking to debut a premium card later in May in a boost to its U.S. business and in a move to gain favor with wealthier Americans, as reported by Bloomberg News. The new card will be called the UBS Infinite card and bows next week on May 27. It has a $495 fee, which in turn, along with expenditures of $50,000, brings in a $500 annual airport lounge credit. The card provides an array of premium rewards, travel benefits and credits, including exclusive savings when users fly, stay, cruise or drive, and a rich earnings structure with rewards points that never expire while the card is open. 

 
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26.05.2017

Scientists discover an algorithm to detect tsunamis

Scientists at NASA's Jet Propulsion Laboratory and Sapienza University, in Rome, Italy, designed a tsunami detection system called VARION, which uses satellite data to recognize unique disturbances in Earth's ionosphere caused by tsunamis. The approach uses observations from GPS and other satellite “constellations” to detect disturbances in the Earth’s ionosphere, a layer of atmosphere between 50 and 621miles from the surface. When a tsunami forms and moves across the ocean, the wave compresses and extends the air above, creating motions known as internal gravity waves. As the gravity waves move upwards, they are amplified in the thinning atmosphere and cause detectable changes to electron density at between 186 and 217miles. The changes can then be detected as satellites move through the disturbance.

 
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26.05.2017

OECD: Basic Income could not reduce poverty

As the global economy stares down the barrel of rising inequality and increased automation, more countries are toying with the idea of a universal basic income. But a new report by the Organization for Economic Cooperation and Development (OECD) is less than enthusiastic. According to OECD research, welfare reforms that would introduce public payment of an unconditional basic income to everyone of working age are worth exploring but would do little to combat poverty if not financed by extra tax. That conclusion is very problematic for a welfare reform that advocates bill as a solution to poverty. A small safety net of cash distributed to everyone regardless of income level or employment status, prevents people – but especially the poor – from slipping into destitution.

 
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26.05.2017

Swiss hotels: Fast start in first quarter 2017

Overnight stays in hostels were added to the overall number by the Federal Statistical Office last year. Without them, the number of overnight stays in the first quarter would have fallen by 0.6 percent. The decline in Swiss and foreign visitors was roughly the same. The three largest source markets of Swiss hotels, have all suffered decline in terms of visitor numbers. Among German guests the decline was 6.2%, with the number of overnight stays falling below the million mark for the first time in many years. But the Germans are still by far the most numerous group of foreigners in Swiss hotels, though the decline is massive. Ten years ago, there were 1.6 million overnight stays by German guests in the first quarter of the year.

 
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26.05.2017

Ethereum, the next rival for Bitcoin

Cryptocurrency is not only Bitcoin: when Ether was announced in 2015, it seemed like a very ambitious project. By this time, bitcoin had already established dominance in the cryptocurrency industry, but it had been created with a different purpose that would diverge from bitcoin’s primary use as a cryptocurrency. Ethereum would build a network, much like bitcoin, which was based on blockchain, but Ethereum would allow other apps to be created on it. The idea being to allow companies to take advantage of blockchain technology and run their own stuff. In return, Ethereum users would earn ether for keeping the network running. After receiving funding, Ethereum users were rewarded with ether, whose value was about $3.

 
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