Image by Arafat Uddin (Creative Commons) The financial services industry is undergoing digital disruption and change. Insurance, as part of that industry, also faces new opportunities and challenges. To explore these issues, I spoke with the CIO for Information at Swiss reinsurance giant, Swiss Re. Rainer Baumann handles the data and tools that experts inside the company use to understand and evaluate a broad range of insurance […]
Europe 17:03 28.02.2017Get short URL The European Parliament’s Economic and Monetary Affairs and Civil Liberties committees passed the EU Anti-Money Laundering Directive, February 27, by 89 votes to 1, with 4 abstentions. It allows for EU citizens to access registers of beneficial owners of companies and trusts — effectively revealing the identity of the ultimate owner. With full public beneficial ownership information law enforcement agencies, journalists, and citizens will be able to better detect and deter the […]
This piece was originally published by the Reynolds Journalism Institute at the Missouri School of Journalism. It has been republished with permission. You can join the author for a free Webinar about building trust on Facebook at 2 p.m. Thursday, March 2. Relationships take work. You don’t get intimacy without putting in some time. You don’t ask for favors without offering the equivalent yourself. You earn trust […]
Every so often, I like to dream about how we could think differently about the building blocks of the news industry. So far, I’ve tackled headlines, homepages, bylines, analytics, podcast ideas, comment sections and ideas for covering the President; in today’s installment, I’ll list some new ideas for newsletters. The nice thing about newsletters is that they’re great experimental platforms to test ideas and try new things. […]
On the verge of Donald Trump’s address to Congress, investors have sent the benchmark S&P 500 to record highs. Money managers awaiting word from the new US president on how he will accelerate growth are looking for a reason to maintain their enthusiasm, and for good reason — by a variety of metrics, US share prices are in rare territory. Here are five charts that make bulls […]
A voracious thirst for petroleum makes the US one of the largest importers of oil. But for the past two weeks it has also scaled the ranks of exporters. Outbound shipments of crude have surpassed 1.2m barrels a day, more than last month’s daily production of Algeria, Ecuador or Qatar, each a member of Opec. The foreign sales underscore how the US has become more integrated into […]
SoftBank is leading efforts to consolidate the space technology sector with talks to merge OneWeb, the US satellite start-up it backs, with Intelsat, one of the world’s largest commercial satellite operators. Bonds sold by Intelsat surged on Monday after it was reported that the deeply indebted satellite operator was nearing a deal with SoftBank to merge with OneWeb, which raised $1.2bn from the Japanese group and other investors in December. […]
Chinese companies have borrowed more money from the international bond market than from domestic investors so far this year, breaking with tradition as authorities in Beijing focus on curbing capital outflows. Banks and other corporate borrowers have been quietly encouraged to raise money offshore in other currencies, limiting the need for Chinese companies to sell renminbi to finance overseas investments. Borrowing more outside the mainland also allows […]
Light introduced through an optical fiber can determine whether a patient’s blood is coagulating by measuring the vibration of red blood cells. Credit: Andrii Pshenychnyi A University of Central Florida professor has invented a way to use light to continuously monitor a surgical patient’s blood, for the first time providing a real-time status during life-and-death operations. The technology developed by UCF scientist Aristide Dogariu uses an optical […]
The near collapse of the €29bn merger between the London Stock Exchange Group and Deutsche Börse was precipitated by the LSE’s decision to aggressively reject concessions demanded by Brussels without warning or consulting its German partner. Both exchanges took turns apportioning blame to EU authorities and obstinate rivals on Monday, making clear the deal once touted as creating a European champion to challenge their larger US rivals […]
Gold’s almost 10 per cent advance this year will be in jeopardy should US president Donald Trump’s key address to Congress on Tuesday reignite the dollar rally and prospect for higher interest rates. The yellow metal has been one of the chief beneficiaries of the cooling this year of the so-called “Trumpflation” trade, which sent the dollar to a 13-year high in early January and helped buoy […]
French government debt has capped its best run since the aftermath of Britain’s vote for Brexit, underlining the rapid shift in investor sentiment towards the country’s presidential election which now looms over financial markets. The yield on the 10-year French bond dropped to its lowest in a month, as money managers and traders continued to take succour after centrist candidate Emmanuel Macron received the backing of potential […]
On Tuesday evening, Donald Trump will head to Capitol Hill to deliver an address to both houses of Congress. Such speeches have provided the US president’s predecessors with the opportunity to convey three main messages: their assessment of the country’s overall situation, the domestic legislative programme they hope Congress will pass in coming months and the main areas of global focus — all this in the context […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Anti-Trump fervor is especially rampant along the Acela Corridor, and now our most famous paper surfaces with a provocative — if belated — ad campaign at a time of marketing need. On Thursday, The New York Times announced a campaign […]
PwC, the accountancy firm that has been responsible for counting Oscars votes for 80 years, has apologised for handing presenters the wrong envelopes for the best picture award, causing the Academy Award’s top prize to be erroneously handed to La La Land. Moonlight, an evocative coming of age story about a young gay black man, was the actual winner of the best picture Oscar but was almost […]
Monday 08:50 GMT Overview European stock markets are making gains, tracking another set of record highs for Wall Street’s main equities gauges. The rally reaches the region even after Asia missed out, with banking and commodity stocks leading a sell-off there. Hot topic US equity futures are pointing to further gains after a late rally on Friday pushed the S&P 500 up 0.2 per cent while the […]
Submitted by Alex Gorka via The Strategic Culture Foundation, The rifts within the EU continue to widen as Poland and Hungary join together in opposition to the EU bureaucracy. Soon after Poland’s ultra-conservative Law and Justice (PiS) party came to power in October 2015, the Polish parliament passed a law allowing the government to appoint the judges of its choosing to the highest court and not recognize […]
Berkshire Hathaway’s eye-catching recent bets on Apple and US airline stocks are not likely to prove as enduring as the investments that it made on Coca-Cola or American Express more than two decades ago, according to readers of Warren Buffett’s annual letter to shareholders. Mr Buffett struck a new tone in his passages on Berkshire’s $122bn portfolio of public equities in this year’s letter, released over the […]
Here are the big questions for investors and markets this week. Will investors like what they hear from President Trump? Mr Trump will address a joint session of Congress on Tuesday (it’s not officially a State of the Union) and with US equities in record territory, investors are very much focused on tax reform and other fiscal measures. Here’s where the Trump trade — based on the […]
While many restaurants are sticking to a three-course set menu for Dubai Restaurant Week, Okku at The H Hotel is dishing up a bit more. The chic Asian restaurant, complete with a glowing wall of live jellyfish, is offering a starter of edamame, a duck salad, baked aubergine, spicy tuna on crispy rice, chilli miso chicken, a side of rice and two desserts. You won’t walk away […]
Top executives at some of the world’s biggest banks and insurers will have to vouch for their companies’ resilience to cyber attacks, under tough rules laid down by New York’s state regulator. A new regulation, which takes effect on March 1, requires companies supervised by New York’s Department of Financial Services to establish and maintain a cyber security programme that can protect consumers’ private data and “ensure […]
Barcelona is home to Mobile World Congress. TomasSereda, Getty Images/iStockphoto Mobile World Congress will see a slew of smartphone launches, but beyond the shiny new devices, the next technology battlefields are slowly coming into focus. Among the likely hardware highlights at next week’s mobile technology event in Barcelona are LG showing off its new LG G6 smartphone, while Huawei is expected to unveil the follow-up to its […]
Saudi Aramco’s initial public offering (IPO) could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a former economy minister of Lebanon, told Dubai Eye Radio in an interview that Aramco has to address how the company will separate its assets and liabilities from those […]
At least 28 people were injured on Saturday evening after a pickup plowed into a crowd during a Mardi Gras parade in New Orleans, police said according to WDSU. New Orleans Police Department spokeswoman Ambria Washington says that “initial reports show so far that about a dozen people are in critical condition.” She says that number could increase as the investigation continues. #mardigras Video Of Aftermath […]
