Wednesday, 29 March 2017

The Road to a Post-'Brexit' Deal | The New York Times

The British government invoked Article 50, the provision that starts negotiations on the country’s exit from the European Union.

Pillars of the West Shaken by ‘Brexit,’ but They’re Not Crumbling Yet »

Tuesday, 28 March 2017

Footloose Billionaires Head to Switzerland

SWISSINFO.CH: High quality of life and low taxes continue to lure the richest people in the world to Switzerland, now home to the second-highest number of foreign-born billionaires in the world.

Chinese-based media group Hurun Report closely follows the fortunes – and migration routes – of the wealthiest people on the planet. In the Hurun Global Rich List 2017 it reveals that while Switzerland has the sixth-highest concentration of billionaires in the world, only half are home-grown. The rest are made up of people arriving from other countries. The United States tops the list.

Some of Switzerland’s best-known billionaires hail from other countries, such as AB InBev brewery magnate Jorge Paulo Lemann (from Brazil), industrialist Viktor Vekselberg (Russia) and commodities mogul Gennady Timchenko (Armenia). Ikea founder Ingvar Kamprad was Switzerland’s richest resident for a long time before decamping back to his native Sweden. » | Matthew Allen | Thursday, March 23, 2017

Monday, 27 March 2017

Germany's Race to Catch Up in the Startup World

SPIEGEL ONLINE INTERNATIONAL: Although it is a business powerhouse, Germany's economy is dominated by pre-internet companies. Now the country is realizing that if it wants to remain strong, it needs to create the next Google -- and reinvent the way its entrepreneurs work.

Nikolai Ennslen and Andrija Feher aren't much for false modesty. When the two students decided to start a company, they knew that they wanted it to be big -- really big. "The sky is the limit," says Ennslen today, seven years later.

And there's still room to grow. They recently moved their company, Synapticon, and its 45 employees to new headquarters in a nondescript building in Schönaich outside Stuttgart. There, they develop intelligent control systems for robots. Their goal, Ennslen and Feher say, is to make "Synapticon inside" as self-evident for robotics as "Intel inside" is for computers.

Are these delusions of grandeur? Or is this precisely the entrepreneurial spirit Germany urgently needs? » | Martin Hesse, Armin Mahler and Ann-Kathrin Nezik | Monday, March 27, 2017

Nigel Farage and Alastair Campbell Face Off as Brexit Nears | Good Morning Britain

Nigel Farage and Alastair Campbell begin a fiery debate over Brexit as Theresa May prepares to trigger Article 50.

Startled Startups Flee UK ahead of Brexit

Saturday, 25 March 2017

What Is At Stake for EU Economies after Brexit? - Counting the Cost

The Brexit battle lines are being drawn. European leaders are due to meet at the end of April, when they will lay out their strategy for talks with the UK, following Theresa May's formal notification on the British departure from the European Union.

A deal is expected to be reached by March 2019. In 2014, 45 percent of all UK exports went to the EU, which is $284bn worth of goods. After Germany, the UK is the trading bloc's second largest economy, and it imports over $360bn worth of goods from its fellow EU members. In 2015, the UK contributed over $16bn to the EU budget and received about $7.4bn back in aid and subsidies from Brussels.

Friday, 24 March 2017

Brexit Economy: UK Faces Squeeze on Living Standards

THE GUARDIAN: The latest monthly Guardian analysis finds signs of a slowdown as prices rise and real pay shrinks

British households are being warned to prepare for a tightening squeeze on living standards, as a Guardian analysis shows the Brexit vote’s blow to the pound is stoking inflation while pay packets are shrinking in real terms.

As Theresa May prepares to trigger article 50 next week, kicking off the formal process of the UK leaving the EU, the economy continues to defy the doomsayers who predicted a sudden downturn after the referendum. But signs of a slowdown are now emerging as higher prices put pressure on companies and consumers alike. » | Katie Allen | Friday, March 24, 2017

Wednesday, 22 March 2017

‘See You in the Hague’: EU to UK If It Fails to Pay ‎€60bn Divorce Bill – Leak

The EU is apparently plotting to slap Britain with a €60 billion divorce bill for abandoning the EU, according to a leaked document believed to be the European Union’s strategy negotiating with Britain on Brexit, which was reported on by a renowned Dutch newspaper.

Tuesday, 21 March 2017

Goldman Sachs to Move Hundreds of Staff Out of London due to Brexit

THE GUARDIAN: Bank, which employs 6,000 staff in UK, says it will take extra space in Frankfurt and Paris as part of contingency plan

Goldman Sachs is to start moving hundreds of staff out of London before a Brexit deal is struck, the bank’s European boss has confirmed.

Richard Gnodde, chief executive of Goldman Sachs International, said on Tuesday the decision to relocate staff was part of the bank’s contingency plan for the UK leaving the EU. “We are going to start to execute on those contingency plans”, he told CNBC.

Gnodde said the bank, which currently employs 6,000 staff in London, would take extra office space in Frankfurt and Paris. » | Jill Treanor | Tuesday, March 21, 2017

Saturday, 18 March 2017

Steve Jobs' Top 10 Rules For Success

He's considered the "Father of the Digital Revolution," a "master of innovation," and a "design perfectionist." He had a net worth of over $8 billion in 2010. He's one of my personal favorite entrepreneurs of all time. He's Steve Jobs from Apple and here are his top 10 rules for success.

Wednesday, 15 March 2017

Exclusive Look At President Trump's 2005 Tax Return | Rachel Maddow | MSNBC

MSNBC's Rachel Maddow and David Cay Johnston discuss how Johnston obtained the summary pages of President Donald Trump's 2005 tax returns and what they say about the president's tax burden. Maddow also reads a response from the White House.

Tuesday, 14 March 2017

Gutting Health Care Will Kill Americans | The Resistance with Keith Olbermann | GQ

What is our government for if not to ensure that we live?

Silicon Valley Angered by Donald Trump's Policies

US President Donald Trump has faced a lot of opposition at home and abroad to his policies on immigration.

Repealing Obamacare Would Leave 'Millions' Uninsured

Fourteen million US citizens would be left without insurance next year if ex-President Barack Obama's signature healthcare policy is annulled, according to a report by the US Congressional Budget Office.

The report estimates that by 2026, 52 million people would be without coverage.

Al Jazeera's James Bays reports from Washington, DC.

Friday, 3 March 2017

Brexit Countdown: UK Economy Holds Up Despite Uncertainty

Snapchat: New Era of Communication? - BBC Newsnight

Snapchat under parent company Snap had its debut on the New York Stock exchange yesterday, but what is really worth and is short form video the future of communication? Newsnight’s technology editor David Grossman reports.

Wednesday, 1 March 2017

Economist Paul Krugman Sees Chance of Euro Collapse

Mar.01 -- Nobel Prize-winning economist Paul Krugman, distinguished professor of economics at the Graduate Center, City University of New York, comments on the state of the European economy during an interview with Bloomberg's Scarlet Fu and Joe Weisenthal on "What'd You Miss?"