Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 16. März 2018

America v China: The battle for digital supremacy

Posted by hkarner - 16. März 2018

Date: 15-03-2018
Source: The Economist

America’s technological hegemony is under threat from China

“DESIGNED by Apple in California. Assembled in China”. For the past decade the words embossed on the back of iPhones have served as shorthand for the technological bargain between the world’s two biggest economies: America supplies the brains and China the brawn.

Not any more. China’s world-class tech giants, Alibaba and Tencent, have market values of around $500bn, rivalling Facebook’s. China has the largest online-payments market. Its equipment is being exported across the world. It has the fastest supercomputer. It is building the world’s most lavish quantum-computing research centre. Its forthcoming satellite-navigation system will compete with America’s GPS by 2020.

America is rattled. An investigation is under way that is expected to conclude that China’s theft of intellectual property has cost American companies around $1trn; stinging tariffs may follow. Earlier this year Congress introduced a bill to stop the government doing business with two Chinese telecoms firms, Huawei and ZTE. Eric Schmidt, the former chairman of Alphabet, Google’s parent, has warned that China will overtake America in artificial intelligence (AI) by 2025. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »

EZB gewährt Banken Aufschub für neue Problemkredit-Regeln

Posted by hkarner - 16. März 2018

Künftig sollen Geldhäuser alle ab 1. April neu als notleidend eingestuften Darlehen schrittweise vollständig über Rückstellungen abdecken. Für den Altbestand an faulen Krediten gelten die Vorgaben der Europäischen Zentralbank allerdings nicht.

Die Europäische Zentralbank (EZB) räumt Geldhäuser in der Euro-Zone mehr Zeit ein, um sich auf neue Leitlinien zum Umgang mit faulen Krediten einzustellen. Erst ab 2021 sollen die Vorgaben der Kontrolleure in die turnusmäßige Bankenprüfung einfließen, wie die EZB-Aufsicht am Donnerstag in Frankfurt mitteilte. Die neuen Regeln verlangen, dass Banken in Zukunft alle Darlehen, die neu als ausfallgefährdend eingestuft werden, stärker als bisher mit Rückstellungen abfedern. So soll verhindert werden, dass Institute wie nach der Finanzkrise 2008 erneut einen Berg fauler Kredite auftürmen. An einem ersten Vorschlag der Aufseher hatte es vor allem aus Italien starke Kritik gegeben. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Theresa May’s Impossible Vision for Brexit

Posted by hkarner - 16. März 2018

Date: 14-03-2018
Source: Foreign Affairs By Jonathan Hopkin

Leaving the EU Without Trade-Offs Means Not Leaving at All

On March 2, British Prime Minister Theresa May presented her long-awaited proposal for Britain’s exit from the European Union. Hoping to cut through the cacophony and confusion of the two years since the Brexit referendum, May set out her vision for the economic relationship between the United Kingdom and the remaining 27 European Union countries by laying out the five “tests” of any Brexit agreement: “Implementing the decision of the British people, reaching an enduring solution, protecting our security and prosperity, delivering an outcome that is consistent with the kind of country we want to be, and bringing our country together.” Her speech finished on a feisty note. “We know what we want,” she said. “We understand your principles. We have a shared interest in getting this right. So let’s get on with it.” Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

No Hope: The Nation States are Killing the EU

Posted by hkarner - 16. März 2018

Date: 15-03-2018
Source: The Wall Street Journal By Simon Nixon
Subject: The Dark Underbelly of Europe’s Financial System

The EU has rules to guard against money laundering, but members must ensure the law is enforced

The EU has introduced a single rule book to cover customer protection and anti-money laundering, but it is up to domestic agencies to ensure the law is enforced

Something is rotten in the European financial system.

The U.K.’s status as a global capital of money laundering is once again back in the spotlight following the attempted murder of former Russian spy Sergei Skripal and his daughter, which the British government has blamed on Russia. The scandal has revived concerns about the U.K.’s remarkable openness to the mysteriously amassed fortunes of Russian oligarchs with links to Russian President Vladimir Putin and the extraordinary role that U.K.-registered companies have played in some of the biggest money-laundering scandals that have surfaced in Europe in recent years.

But the current focus on London follows a string of disturbing stories that has exposed the dark underbelly of the financial system across the continent. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »

Tesla’s Make-Or-Break Moment Is Fast Approaching

Posted by hkarner - 16. März 2018

Date: 15-03-2018
Source: The Wall Street Journal

The auto maker is racing to meet an ambitious production target for its Model 3 sedan

The Model 3 is Tesla’s mainstream electric-car offering and a key part of Elon Musk’s strategy to broaden the company’s business.

Elon Musk recently told attendees at the South by Southwest festival that two things are keeping him up at night: an apocalyptic future created by artificial intelligence, and production delays of Tesla Inc.’s Model 3 car.

Mr. Musk has good reason to worry about Tesla. The auto maker is entering one of the most critical phases in its history, a make-or-break period in which Tesla must boost production of the Model 3 or possibly face severe financial consequences.

In April, Tesla will reveal whether it is on track to meet an ambitious second-quarter target of producing 5,000 Model 3s a week—a goal that it already twice delayed. The Model 3 is Tesla’s mainstream electric-car offering, priced more affordably than Tesla’s luxury models, and a key part of Mr. Musk’s strategy to broaden the company’s business. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Engineering a More Responsible Digital Future

Posted by hkarner - 16. März 2018

Dirk Helbing

Dirk Helbing is a professor of computational social science at ETH Zurich, and the scientific coordinator for FuturICT.

Economic revolutions often bring profound social change, affecting everything from jobs to family size. With the digital revolution now in full swing, humanity must recommit to building more ethical machines, or face a future in which our technologies undermine basic values like human rights and civil liberties.

ZURICH – The world is being battered by technological disruption, as innovations such as big data analytics, artificial intelligence (AI), robotics, the Internet of Things, blockchain, 3D printing, and virtual reality change how societies and economies work. Individually, each of these technologies has the potential to transform established products, services, and associated support networks. Taken together, they will upend old business models and institutions, heralding a new era of economic, social, and political history. How will we respond? Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Tech Leaders Are Growing Up (Again). That’s a Good Thing.

Posted by hkarner - 16. März 2018

Date: 15-03-2018
Source: The New York Times

Several years ago, a plastic figurine began appearing around Google’s offices, an aging alien with gray hair, a Google Glass headset and a sign that read, “Get Off My Lawn!”

The doll, a special edition of Google’s Android mascot, was a jokey tribute to the Greyglers, a group for the 40-and-over crowd at Google, and the doll hinted at how it felt to be an older worker in tech: funny, self-conscious, a little out of place.

The Greyglers still exist, but they’re no longer such an anomaly. Sundar Pichai, Google’s 45-year-old chief executive, would fit in the group. So would Larry Page and Sergey Brin, who co-founded the search engine as graduate students two decades ago; Susan Wojcicki, an early employee who runs YouTube; and most of the company’s other high-ranking executives.

For years, the self-appointed leaders of Silicon Valley were young people — mostly men — with age-appropriate behavior. They adopted brash mottos like “move fast and break things” and eschewed work-life balance in favor of all-night hacking sessions in offices that looked more like college dorms. Their successes were cheered, and their sins were shrugged off as the cost of innovation. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »