Google runs into more flak on artificial intelligence

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Google runs into more flak on artificial intelligence
DISCOVERING and harnessing fire unlocked more nutrition from food, feeding the bigger brains and bodies that are the hallmarks of modern humans. Google’s chief executive, Sundar Pichai, thinks his company’s development of artificial intelligence trumps that. “AI is one of the most important things that humanity is working on,” he told an event in California […]
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Can the solar industry survive without subsidies?

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Can the solar industry survive without subsidies?
A LITTLE over a decade ago, when JinkoSolar, a Shanghai-based company, entered the solar business, it was such a novice that when it visited international trade fairs, all it had was a bare table and a board with its name scribbled on it. But it also had luck, a technological edge and lots of public […]
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The insecurity of freelance work

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The insecurity of freelance work
THE decline of the conventional job has been much heralded in recent years. It is now nearly axiomatic that people will work for a range of employers in a variety of roles over their lifetimes, with a much more flexible schedule than in the past. Opinion is still divided over whether this change is a […]
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Buying GitHub takes Microsoft back to its roots

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Buying GitHub takes Microsoft back to its roots
ALMOST to the day 17 years ago Steve Ballmer, then boss of Microsoft, the world’s biggest software firm, called Linux a “cancer”, meaning that the open-source operating system would spell the death of proprietary software. On June 4th, his successor, Satya Nadella, announced that the firm would take over GitHub, the main source of such […]
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The Management Tech You Need to Nail IRCE18 – Small Business, Big World – Medium

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The Management Tech You Need to Nail IRCE18 – Small Business, Big World – Medium
Written by Kelly Gonsalves Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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Aviation’s most outspoken boss thinks women cannot do his job

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Aviation’s most outspoken boss thinks women cannot do his job
THE International Air Transport Association (IATA), a trade association for airlines, was founded in 1945 to promote the interests of carriers around the world. In recent years the airline cartel of old has been accused of being out of tune with the times, particularly by low-cost carriers such as Ryanair, which is Europe’s biggest. At […]
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In developing countries, many people cannot afford not to work

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In developing countries, many people cannot afford not to work
No time for tweeting AMERICA’S unemployment statistics attract close attention, even from presidents. Early on June 1st President Donald Trump tweeted that he was looking forward to the latest figure (3.8%), released that morning. China’s unemployment numbers, by contrast, attract mostly ridicule. They have barely budged since 2011 despite the upheavals of the period. Many […]
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A Hungarian startup could beat Ryanair at its own low-cost game

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A Hungarian startup could beat Ryanair at its own low-cost game
JUST a few hundred metres from Budapest airport’s runways, the wails of scorched airline passengers echo around an industrial estate. But no real people are being harmed. Here Wizz Air, a rapidly growing Hungarian carrier, trains cabin crew and pilots in evacuating its planes safely. Last year the airline recruited 1,000 new staff, twice as […]
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Rwanda refuses to remove tariffs on imports of used clothing

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Rwanda refuses to remove tariffs on imports of used clothing
Glad rags to sad rags IN A market in Kigali, Rwanda’s capital, a cacophonous auction is under way. Sellers hold crumpled T-shirts and faded jeans aloft; traders shout and jostle for the best picks. Everything is second-hand. A Tommy Hilfiger shirt goes for 5,000 Rwandan francs ($5.82); a plain one for a tenth of that. […]
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American tech giants are making life tough for startups

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American tech giants are making life tough for startups
IT IS a classic startup story, but with a twist. Three 20-somethings launched a firm out of a dorm room at the Massachusetts Institute of Technology in 2016, with the goal of using algorithms to predict the reply to an e-mail. In May they were fundraising for their startup, EasyEmail, when Google held its annual […]
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There is madness, but perhaps also method, in America’s trade policies

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There is madness, but perhaps also method, in America’s trade policies
DIVINING meaning in the Trump administration’s trade announcements is a thankless task. No sooner does a policy seem settled than it is thrown up in the air once more. On May 23rd, days before a scheduled meeting with the European Union and Japan on a joint trade strategy and in the middle of talks to […]
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The number of new banks in America has fallen off a cliff

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The number of new banks in America has fallen off a cliff
THE single-storey main branch of the Texas Hill Country Bank, in Kerrville, sits at the back of a tired shopping centre, in the shade of a six-storey Wells Fargo building. When Roy Thompson, the chief executive, was hired (from Wells) in 2012, three years after it opened, he ran a radio ad campaign to alert […]
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Why airliners in Cuba and Iran crash so much

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Why airliners in Cuba and Iran crash so much
WHEN the dream of a smooth flight turns into the nightmare of an airliner crash, understanding what went wrong is sometimes straightforward. That was the case with a Malaysia Airlines flight which crashed in the summer of 2014, killing 298. This week Dutch and Australian investigators conclusively showed that it was shot down by a […]
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Why it makes sense to invest in Treasury bonds

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Why it makes sense to invest in Treasury bonds
JOHN KENNETH GALBRAITH, a quotable economist, observed that one of the deeper mysteries is why, in a falling market, there is still a buyer for every seller. It is a conundrum that bond investors must now contemplate. Since January the yield on a ten-year Treasury bond has risen (and thus bond prices have fallen) with […]
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As Tesla’s share price falls, it becomes an inviting takeover target

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As Tesla’s share price falls, it becomes an inviting takeover target
A RECENT tweet from Elon Musk, the boss of Tesla, an electric-car firm, shows footage of a Model X undergoing rollover testing. The SUV is propelled rapidly sideways on a trolley before encountering a sand trap that stops it suddenly, tipping the car. The Tesla teeters between ending up on its roof or settling back […]
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How kidnapping insurance keeps a lid on ransom inflation

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How kidnapping insurance keeps a lid on ransom inflation
IN THE early 1970s, leftist guerrillas in Argentina discovered a lucrative new way to make money: kidnap millionaires. Panicking firms would agree to huge ransoms, more concerned with freeing their executives than driving down the fee. That was not just bad for businesses. It also became a textbook case of how poor negotiating can send […]
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Gazprom is enjoying a sales boom in Europe

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Gazprom is enjoying a sales boom in Europe
FEW firms have more power to heat up the cauldron of global geopolitics like Gazprom, the state-backed Russian energy producer. It supplies more than a third of the natural gas that Europeans use for power generation, heating and cooking, creating what many—especially Americans—see as an unhealthy dependence (see chart). It has used its strength to […]
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Portugal’s energy giant may sell to a Chinese state-owned utility

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Portugal’s energy giant may sell to a Chinese state-owned utility
SHOULD Europeans worry that China Three Gorges (CTG), a state-owned firm, wants to buy EDP, a utility that is Portugal’s biggest company? It is three years since one local banker, Fernando Ulrich, called Portugal “a Chinese aircraft-carrier in Europe”—back then, Chinese buyers were already snapping up stakes in “strategic” local companies as quickly as the […]
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Award

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Award
On May 16th Callum Williams, our Britain economics correspondent, was named joint winner of the Young Financial Journalist of the Year at the Wincott Awards, an annual set of prizes for British journalists. Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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How Flixbus conquered the European coach market

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How Flixbus conquered the European coach market
Digging in its wheels MANY Europeans see long-distance coach travel across America as glamorous. That may be a legacy of a Clark Gable film from 1934 called “It Happened One Night”, about a romance between two passengers on a bus travelling from Florida to New York. Modern Americans see it as anything but alluring. It is looked […]
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Americans, tired of high-priced drugs, are fighting back

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Americans, tired of high-priced drugs, are fighting back
IF ONE concern unites Americans, it is the high prices of prescription drugs. One incident in particular tarnished much of the pharma industry: in 2015 the price of an antiparasitic drug, Daraprim, jumped from $13.50 to $750 per pill. But large price increases remain stubbornly commonplace (see chart). According to IQVIA, a health-data firm, the […]
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Can coach companies lure business people on board?

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Can coach companies lure business people on board?
IN THE past, coach travel was seen as somewhat glamorous. That is perhaps an odd legacy of a Clark Gable film from 1934 called “It Happened One Night”, about a romance between two passengers travelling on a crowded bus going from Florida to New York. But now many people look down on it as something […]
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Xiaomi eyes a giant Chinese IPO

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Xiaomi eyes a giant Chinese IPO
IN CHINA no company achieved $1bn in annual revenue as quickly as Xiaomi did, in the year following the launch of its first smartphone in 2011. Chinese media initially nicknamed Xiaomi the “Apple of the East” (its literal translation is “little rice”). That was a stretch, even in good times. But within another two years […]
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Air France-KLM is being brought to its knees by its unions

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Air France-KLM is being brought to its knees by its unions
AIR FRANCE likes to present itself as a cut above other European airlines. Offering fancy French food and free champagne in economy class on long-haul flights, the company’s strategy is to justify its high ticket prices by offering a premium service. But facing intransigent unions at home and competition from abroad, the airline’s financial fizz […]
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Two hackers have found how to break into hotel-room locks

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Two hackers have found how to break into hotel-room locks
WHEN a hacker gets hacked, hackers hack back. That is exactly what an attendee at a hacking conference in Berlin in 2003 did when the keycard-operated lock of his hotel room got hacked. On returning to his hotel room, he found that his laptop had been stolen, but there was no evidence of forced entry. […]
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Trade talks expose a chasm between China and America

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Trade talks expose a chasm between China and America
START with the good news from the trade negotiations between China and America. After weeks of threatening tariffs and counter-tariffs, representatives from the world’s two biggest economies are at last talking. Over two days of meetings in Beijing, which ended on May 4th, Chinese and American officials laid out their grievances and their demands. That, […]
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