No Silver Bullet: The New Urban Agenda and Smart Cities
Glen Kuecker and Kris Hartley | Technological fixes such as smart cities make a system more complex, resulting in “wicked problems” that require ever more extensive technological remedies.
In the World
Chinese Investors Shouldn’t Neglect Indian Corporate Technology Firms
S. Ramakrishna Velamuri via Caixin | A leading Indian business daily reported on March 6 that Chinese corporations had made investments of $5.2 billion in Indian early- and growth-stage companies in 2017, and the figure for the first two months of 2018 had already crossed $1 billion.
Financial Stability Risks: Nonfinancial Sector Extended In US Vs Slow Healing In The Eurozone
Unsurprisingly, the US exhibits relatively more risks compared to the euro area, with one red flag in particular being the price of risk in asset markets reflecting elevated asset prices across fixed income, equities and real estate. In the Euro zone, risks look mor e modest except in some pockets related to price distortions as a result of the European Central Bank ’s quantitative easing strategy.
Spotify Up 12% On Its Market Debut ($143/share), While The FAANG Lose $400 bn Capitalisation In One Month
Spotify made its debut on Wall Street on Tuesday with an initial price of $165,9/share, up 26% from the reference price established ($132/share). The Swedish music streaming firm closed its first trading session up 12% at $143/share.
The Three New Horsemen Of The Commercial Apocalypse
Peter Navarro, Wilbur Ross and Robert Lightizer: these are the three new horsemen of the Apocalypse. At least for the majority of US businessmen and investors. They appear to have constituted the core of Donald Trump’s team of economic advisors.
The word of the IMF: a more unified euro area
The IMF is forecasting global growth of over 3.9% in 2018. For the Eurozone, the forecast is for growth of 2.2%. The fifth year of economic expansion, confirming sustained and diversified growth. And the Washington-based organisation is calling for greater integration in the euro area.
Companies which are looking for Bitcoin without knowing it
From the creation of the first block of Bitcoin in January 2009, and after the reference implementation of the decentralised client developed by the enigmatic figure Satoshi Nakamoto, the perception of cryptocurrencies has changed a lot.
Phyrric US Tariffs: Protect a few at the cost of many
BoAML | President Trump enacted tariffs on imported steel and aluminum with the exception of imports from Canada and Mexico. Domestic metal producers should benefit while the rest of the economy could feel the negative repercussion of higher input prices. The bigger risk is a trade war. The current policy is unlikely to have a big impact. However, a bigger trade war would be a nudge toward stagflation, depressing real growth and boosting prices.
Facebook Fear Unlikely To Knock Tencent Off Its Throne
As the saying goes, data is the new oil. And this month Facebook has fallen victim to a BP-scale leak in which 50 million users’ data was harvested without consent. While technology companies in the West feel the pressure, Jason Pidcock, Jupiter’s head of strategy on Asian income, argues that the picture looks brighter in Asia, particularly for the darling of Asian software technology: Tencent.
Venezuela, An Intricate Nest Of Paradoxes
The height of the paradox, or the oxymoron, is that Venezuela has such high inflation that bank notes have become one of the most sought after ítems! Added to this is the fact that Maduro has decided to round up the value of the bank notes, knocking off zeros.