Business
In a world mired in recession, China manages a V-shaped recovery
Officials reported that the economy expanded by 4.9% in the third quarter compared with a year earlier, just shy of its pre-pandemic pace. Whereas most other countries are mired in recession and grappling with a new wave of covid-19 cases, China has just about completed the upward leg of a V-shaped rebound. Analytically, its success…
Read MoreCompanies Will Spend $50 Billion On Artificial Intelligence This Year With Little To Show For It
Companies are struggling to deliver on AI projects, Khodabandeh says, because they overspend on technology and data scientists, without implementing changes in the business processes that could benefit from AI — a conclusion that echoes a Harvard Business Review report published in June. Take Uber, last month, engineers at the ride-hailing company concluded that its…
Read MoreBack after 20 years, the Land Rover Defender is named MotorTrend SUV of the Year
MotorTrend named the new Land Rover Defender as its 2021 SUV of the Year. The newly designed Defender recently returned to the US market after the model had not been sold here for more than 20 years. Like the Jeep Wrangler or Ford’s Bronco, the Defender is built to withstand serious off-road use — even…
Read MoreThe Prize in Economic Sciences 2020
This year’s Laureates, Paul Milgrom and Robert Wilson have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefit ted sellers, buyers and taxpayers around the world. People have…
Read More5 start-up hubs to watch – beyond Silicon Valley
COVID-19 has upended the world and our global society at a pace and in a manner that are both unprecedented. In this era of uncertainty, start-ups play an ever more important role by bringing to market innovative solutions for tackling the challenges and mitigating the negative impacts caused by the pandemic. These days, however, such…
Read MoreThe reinvention of retail
Everybody needs to rethink both digital and in-store sales. By some estimates, we have vaulted ten years ahead in consumer and business digital penetration in less than three months. Consumer appetite for digital and contactless ways of shopping has radically increased during the shutdowns. In response, retailers have quickly sought to change their priorities and operations. Click here to read the full article.
Read MoreMany European countries still have too many banks
WHEN CAIXABANK and Bankia, its state-owned peer, announced on September 3rd that they were exploring a merger to create Spain’s biggest domestic lender, politicians, regulators and analysts offered unusually unanimous applause. If the deal goes through, it will boost consolidation within the Spanish market, hitherto highly fragmented beneath two international giants, Banco Santander and BBVA.…
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