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Posts Tagged ‘BBC’

Amazon’s next big thing may redefine big

Posted by hkarner - 16. Juni 2019

Date: 15-06-2019
Source: BBC

„I see Amazon as a technology company that just happened to do retail,“ begins Werner Vogels, Amazon’s chief technology officer.

„When Jeff [Bezos] started Amazon, he wasn’t thinking about starting a bookshop. He was really fascinated by the internet.”

Only „mortal humans“, he tells me in an interview, ever saw Amazon as merely a retailer. So the question now is: what will Amazon become next? And are mere mortals ready for it?

Its recent Re:Mars event in Las Vegas demonstrated clearly – through presentations about machine-learning, robotics and space – that the firm is going through a transition phase that, if successful, will redefine its relationship with the public. Den Rest des Beitrags lesen »

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How much of Europe does China own?

Posted by hkarner - 22. April 2019

Date: 21-04-2019
Source: BBC

China now has a majority stake in the Greek port of Piraeus

The European Union has introduced a new mechanism for screening foreign investment.

It’s widely believed to have been prompted by concerns over China’s economic ambitions in Europe.

It will allow the European Commission – the EU’s executive arm – to give an opinion when an investment „threatens the security or public order“ of more than one member state or undermines an EU-wide project such as the Galileo satellite project.

In March, the European Commission called China a „systemic rival“ and a „strategic competitor“. Den Rest des Beitrags lesen »

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Ivanka Trump’s Decline

Posted by hkarner - 19. April 2019

Date: 18-04-2019
Source: BBC
Subject: Ivanka Trump: I declined father’s suggestion of World Bank job

IIvanka Trump has confirmed she turned down the job of World Bank head when her father asked if she was interested.

Last week, President Donald Trump told The Atlantic he had asked her if she wanted the bank’s most senior role „because she’s very good with numbers“.

She has now said that when asked, she told him she was „happy with the work“ she’s doing as White House adviser.

Ms Trump was eventually involved in selecting the new World Bank president, US economist David Malpass.

The US has a longstanding, if informal, right to select the World Bank’s leader.

Speaking to the Associated Press news agency during a trip to Ivory Coast, Ms Trump said her father brought the job up with her as „a question“, but she refused the offer.

She added that Mr Malpass would do an „incredible job“.

Asked if the president had offered her any other prominent jobs, she said that she would „keep that between“ the two of them. Den Rest des Beitrags lesen »

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Raghuram Rajan says capitalism is ‚under serious threat‘

Posted by hkarner - 13. März 2019

Date: 12-03-2019
Source: BBC

Former Indian central bank governor Raghuram Rajan has warned capitalism is „under serious threat“ as it has stopped providing for the masses.

Mr Rajan told BBC Radio 4’s Today Programme „when that happens, the many revolt against capitalism“.

He said governments cannot afford to ignore social inequality when considering the economy.

Mr Rajan led India’s central bank and was also a former chief economist at the International Monetary Fund (IMF).

He has been tipped by some as a possible successor to take over from Mark Carney as governor of the Bank of England.

„I think capitalism is under serious threat because it’s stopped providing for the many, and when that happens, the many revolt against capitalism,“ he told the BBC.

Mr Rajan said it was possible in the past to obtain a middle class job with „modest education“. Den Rest des Beitrags lesen »

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Brexit deal ‚will cost UK £100bn‘ by 2030, research suggests

Posted by hkarner - 27. November 2018

Date: 26-11-2018
Source: BBC

The government’s Brexit deal would leave the UK £100bn a year worse off by 2030, analysis by the National Institute of Economic and Social Research (NIESR) has claimed.

The study commissioned by the People’s Vote, which wants a second referendum, said GDP would shrink by 3.9% annually.

„This is the equivalent of losing the economic output of Wales or the City of London,“ it said.

Chancellor Philip Hammond has said the deal is better than staying in the EU.

Approved by the EU on Sunday, the withdrawal agreement sets out the terms of the UK’s exit from the EU, including its £39bn „divorce bill“, citizens‘ rights and the Northern Ireland „backstop“ – a way to keep the Irish border open, if trade talks stall. Den Rest des Beitrags lesen »

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How China is fighting back in the trade war

Posted by hkarner - 25. September 2018

Date: 24-09-2018
Source: BBC

From Monday, US tariffs of 10% on $200bn (£152.9bn) worth of Chinese goods come into effect on almost 6,000 products, ranging from handbags to textiles.

That means almost half of what China sells to the US is now subject to tariffs.

But China is fighting back.

It will retaliate by placing tariffs of 5% to 10% on $60bn worth of American goods.

I saw that steely resolve on display when I visited a pipe factory on the outskirts of Beijing.

Hebei Huayang Steel Pipe (HHSP) is one of the largest steel pipe producers in the province.

As I walked into the sprawling factory, the first thing that hit me was an overwhelming stench of burned steel. Den Rest des Beitrags lesen »

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The young Austrian leader sharing power with the far right

Posted by hkarner - 1. Juli 2018

Date: 30-06-2018
Source: BBC

Sebastian Kurz won the race to become Austria’s chancellor last year aged 31

„Sebastian Kurz is a rock star,“ according to the US ambassador to Germany.

In a recent interview shortly after his arrival in Berlin, Richard Grenell told the alt-right Breitbart News website that he was „a big fan“ of the youthful Austrian chancellor from the conservative People’s Party.

He is not the only one.

Mr Kurz’s harsh anti-migrant message has proved to be a winner at the ballot box in Austria – and now he is taking it to the European level.

The millennial chancellor, 31, with his slicked-back hair and sharp suits, who formed a coalition with the far-right Freedom Party, says fighting illegal migration is a top priority for Austria’s presidency of the EU, which starts in July.

Mr Kurz wants to shift the focus from the controversial issue of relocating asylum seekers inside the EU to defending Europe’s outer borders, an area where he says there is much more agreement among EU countries.

He is in favour of setting up asylum-processing centres outside the EU and of a much tougher mandate for the EU’s border agency, Frontex. Den Rest des Beitrags lesen »

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Brexit: Why Brussels seems relaxed about the end game

Posted by hkarner - 18. April 2018

Date: 17-04-2018
Source: BBC

With less than a year until „Brexit Day“, a number of issues remain unresolved
After all the impatient European foot-tapping, the incessant talk of ticking clocks and of Article 50 time running out, there’s a distinctly laid-back air in Brussels at the moment when it comes to Brexit.

„Relations are a lot more normalised between the UK and the rest of the us after the Salisbury attacks and the show of solidarity with Britain at the EU leaders‘ summit two weeks ago,“ one European diplomat told me.

„Besides which,“ he added with a glint in his eye, „we know the Brexit drill by now.

„The UK makes a fuss, tells us things are unacceptable – like the financial settlement (the so-called Brexit bill), and like allowing EU citizens the right to stay permanently in the UK, even if they only move there in the transition period after Brexit – but the British Government gives in, in the end. Even if they dress up the fact to make it more acceptable at home.“ Den Rest des Beitrags lesen »

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Inside the White House Bible Study group

Posted by hkarner - 9. April 2018

  • 8 April 2018

For the first time in at least 100 years, the US Cabinet has a bible study group. What do they learn? What does Donald Trump make of it? And why aren’t women allowed to teach?

Every Wednesday, some of the world’s most powerful people meet in a conference room in Washington DC to learn about God.

The location can’t be revealed – the Secret Service won’t allow it – but the members can.

Vice-President Mike Pence. Secretary of State Mike Pompeo. Education Secretary Betsy DeVos. Energy Secretary Rick Perry. Attorney General Jeff Sessions. The list goes on.

In total, 10 cabinet members are „sponsors“ of the group. Not everyone attends every meeting – they are busy people – but they go if they can. Den Rest des Beitrags lesen »

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AI ‚poses less risk to jobs than feared‘ says OECD

Posted by hkarner - 4. April 2018

Date: 03-04-2018
Source: BBC

Food preparation work is among that most at risk of automation, says the new study

Fewer people’s jobs are likely to be destroyed by artificial intelligence and robots than has been suggested by a much-cited study, an OECD report says.

An influential 2013 forecast by Oxford University said that about 47% of jobs in the US in 2010 and 35% in the UK were at „high risk“ of being automated over the following 20 years.

But the OECD puts the US figure at about 10% and the UK’s at 12%.

Even so, it says many more workers face their tasks significantly changing.

The OECD says the previous forecasts exaggerated the impact of automation because they had relied on a broad grouping together of jobs with the same title. Den Rest des Beitrags lesen »

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