• Trump, China's Xi poised for high-stakes talks at G20 summit

      Trump, China's Xi poised for high-stakes talks at G20 summit

      US President Donald Trump and Chinese President Xi Jinping will wrap up a global summit on Saturday with high-stakes talks expected to determine whether they can begin defusing a damaging trade war between the world’s two biggest economies. With the United States and China locked in growing disputes over commerce and security that have raised questions about the future of their relationship, Trump and Xi are due to sit down for dinner at the end of a two-day gathering of world leaders in Buenos Aires. With the trade war weighing on the global economy, world financial markets are hanging on every development and will be watching closely to see if any compromise can be struck between Trump and Xi.

      45
    • Qualcomm pledges $100m to AI startups

      Qualcomm pledges $100m to AI startups

      US chip giant Qualcomm announced today its plans to launch a venture fund that will invest up to an aggregate of $100m in early-stage startups that work in AI. In particular, the so-called Qualcomm Ventures AI Fund, will target companies that are developing ways to do intensive processing on devices such as smartphones and security cameras, as opposed to those working in remote cloud systems. 

      45
    • German CeBIT's era ends for good

      German CeBIT's era ends for good

      Declining visitor numbers and a growing reduction in exhibitor bookings has led Deutsche Messe to announce the end of CeBIT 2019 as the once world's largest IT conference is no longer able to attract the up to one million attendees it did at the height of its popularity.

      45
    • EU, partners propose needed WTO reform

      EU, partners propose needed WTO reform

      The EU together with other members of the World Trade Organisation (WTO) - Australia, Canada, China, Iceland, India, Korea, Mexico, New Zealand, Norway, Singapore and Switzerland – unveiled last Tuesday a proposal for concrete changes to overcome the current deadlock in the WTO Appellate Body, the EU press service reported. The proposals will be presented to the entire membership at the meeting of the WTO General Council on 12 December.

      51
    • NASA's Insight touched down on Mars

      NASA's Insight touched down on Mars

      After traveling hundreds of millions of kilometers through space over the course of six months, and with the help of aerobraking, a parachute system and rocket engines, NASA's InSight landed safely Monday on the Martian surface, surviving the crucial “seven minutes of terror” to enter Mars' atmosphere, decelerate from an initial speed of 19,300 kmh down to just 8 kmh, and touch down. The breathtaking minutes-long landing was so intense that it was watched all around the world and even broadcast live on the Nasdaq Stock Market tower in New York City's Times Square.

      87
    • Trade supports 36m jobs across the EU

      Trade supports 36m jobs across the EU

      Two new studies published on Tuesday by the European Commission highlight the increasing importance of EU exports for job opportunities in Europe and beyond by stating that exports to the world nowadays support 36m jobs across Europe - around two thirds more than in 2000. In addition, these jobs are on average 12% better paid than jobs in the rest of the economy and generate €2.3 trillion of value added in the bloc.

      65
    • Facebook pays €100m in Italian fiscal accord

      Facebook pays €100m in Italian fiscal accord

      Facebook has followed Apple, Google and Amazon by agreeing to a multimillion euro payment to settle its tax affairs in Italy. In a statement on Friday, the country’s tax authority Agenzia delle Entrate confirmed that the company has agreed to pay “over €100 million” to settle outstanding tax claims dating from 2010 to 2015. As the tax agency added, in reference to a probe launched last year, that the settlement is aimed at ending the “disagreement relating to tax enquiries undertaken by the financial police at the behest of the Milan prosecutor."

      53
    • Major banks invited to join new EU blockchain initiative

      Major banks invited to join new EU blockchain initiative

      The European Commission (EC) has invited five banks to join a new European association to promote the use of blockchain technology. Called International Association for Trusted Blockchain Applications’ (IATBA), the goal of the association is to reportedly garner support from private blockchain and distribued ledger technology (DLT) experts to contribute to outline the EU’s strategy regarding these technologies.

      68
    • Dangerous new Android malware discovered

      Dangerous new Android malware discovered

      Until now the Google Play Store was considered generally fairly safe, but obviously it was possible for application developers to sneak malware into it. An Android security researcher announced last week he had found that as many as 13 games available to download in the Play Store were actually Android malware and affected more that half a million users, who downloaded them.

      73