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This new technology will revolutionise and widen person-to-thing and thing-to-thing interaction. The innovation lies in the thing-to-thing relationship. The most commonly cited practical example of this is that of fridges which, if suitably programmed, will be able to detect any product past, or approaching, its use-by date.

The Internet of Things

By: EBR | Thursday, August 26, 2010

Will your fridge be able to detect any product past its use-by date and inform you about it in the near future? The Internet should not only connect the more than 1.5 billion people who use it, but also people to things and things-to-things, according to Spanish Socialist MEP Maria Badia i Cutchet.

The “European Tourism Conference” is considered as one of the most important events in the field of Travel & Tourism worldwide and will draw once again the attention of significant professionals of the industry and the media, as it is expected to lead in considerably results and conclusions that will affect and transform the European tourism framework.

3rd European Tourism Conference

By: EBR | Wednesday, August 25, 2010

For a third consecutive year, HELEXPO and EUROPRESS MEDIA GROUP (EMG) are organizing the “3rd European Tourism Conference” entitled this year “A New Model for Tourism”. The event includes sessions about Culture and Environment, Digital Agenda and Marketing, Alternative forms of Tourism, etc.

The recent financial crisis has weakened the developed world economies, promoted “beggar-thy-neighbor” policies that benefited some nations at the expense of others and eroded support for continued globalization.

Towards a New Economic Order?

By: The Globalist | Wednesday, August 25, 2010

As the world recovers from the financial crisis, many governments have introduced measures to help economies rebound. While many of these are quick solutions, the fundamental structure of our economic order has to change, argues Jagadeesh Gokhale. He outlines a few reforms for long-term growth.

In Argentina, the devaluation caught people with pesos in their wallets, and the need for liquidity supported a steady demand for pesos all through the first quarter of 2002 when it depreciated by 300%. By contrast, a “new drachma” or a “new peseta” would need to create from scratch a demand for a currency born weaker by design. Could it work?

Leaving the euro: What’s in the box?

By: VoxEU.org | Friday, July 23, 2010

Rumours of Eurozone break-up are mounting. This column argues that exiting a strong currency for a weak one poses almost unthinkable challenges, from the redenomination of contracts and the imposition of bank restrictions to the restructuring of external debt and limiting of capital mobility.

The latest data from central banks underline how negative sentiment toward some European banks has become: Banks in Portugal, Ireland, Greece and—most of all—Spain increased their borrowings from the ECB to record levels in June as more institutions found their access to wholesale money markets barred.

Data Underline Some Banks′ Dependency on ECB

By: The Wall Street Journal | Thursday, July 22, 2010

Regulators Mull Early Release of Stress-Test Results. As the European Union prepares to prove to the world how solid its banks are, new data from around the euro area show that its weaker members' dependence on the European Central Bank has never been higher.

Stress tests are certainly needed. Banks and transparency are not always a good combination. When a carmaker admits it has a hole in its balance-sheet, its factories are still there a week later; when a bank does so it usually suffers a devastating run. This is why regulators sometimes like to deal with dud banks in secret.

Bank Stress Tests: Too soon to write them off

By: The Economist | Monday, July 19, 2010

When America did public stress tests on its banks in 2009 they helped end the panic on Wall Street. The Federal Reserve opened banks’ books, imposed a consistent view about how bad losses might be and forced banks that lacked capital to raise more, with the taxpayer acting as a backstop investor.

So why do consumers pay real money for online objects that don’t actually exist? Their motives reinforce our notion that users seek online importance: they purchase virtual goods primarily for self-expression (such as virtual houses or virtual gifts) and for recognition (such as virtual badges for becoming, say, the “mayor” of a bar on Foursquare)

Unlocking the elusive potential of Social Networks

By: McKinsey Quarterly | Friday, July 16, 2010

There is much hype about social networks and their potential impact on marketing, so many companies are diligently establishing presences on Facebook, Twitter, and other platforms. Yet the true value of social networks remains unclear, and few consumer companies have unlocked this potential.

Whenever risk markets are incomplete and information is imperfect, or asymmetrical, threats from so-called externalities become pervasive. Whenever there are externalities there is a scope for government intervention.

Why markets need Governments

By: EBR | Monday, July 12, 2010

The recent economic meltdown was at root not a failure of character or competence, but a failure of ideas. Behind the cupidity of bankers, the weakness of regulators and the myopia of macro-policy stood a set of dominant ideas about the proper relationship between the state and the market.

International tourist arrivals increased by 7% in the first four months of 2010. The 3% increase registered in April marks the seventh month of growth in international tourist arrivals after 14 consecutive months of negative results.

International Tourism: Recovery Confirmed, but Growth Remains Uneven

By: EBR | Monday, July 5, 2010

International tourist arrivals grew by 7% in the first four months of 2010 according to the latest issue of the UNWTO World Tourism Barometer. This growth confirms the recovery trend beginning in the last quarter of 2009 and comes despite the challenging conditions of recent months.

And what is the biggest grumble of all among CEOs? No surprise there – an overwhelming 71% said that the biggest barrier to the success of SMEs is bureaucracy.

EBS CEO Survey results: Putting Europe Back On Track

By: EBR | Thursday, July 1, 2010

It became clear from the results, presented at the beginning of the European Business Summit (EBS), that Europe's CEOs are confident, realistic, and broadly in agreement on the directions that they need in order to achieve recovery.

The argument runs that credit mistakes are made during the boom, not during the crash, so better regulation and monetary policy during the boom years could limit the scale of any bust.

Where Europe and America differ on global banking regulation

By: Europe′s World | Tuesday, June 22, 2010

It's tempting to base ideas for global financial regulation on 'bashing big banks', says Avinash Persaud, who chaired the UN’s 'Stiglitz Commission' on financial reform. But he warns that the greater problem is that of diverging American and European views on a safer rulebook.

What is fascinating is that within the Bretton Woods bubble in which we all grew up, there evolved two very different cultures. The worlds of finance and trade are now truly two very different global systems.

Systemic Failure: Lessons from the World of Trade for the World of Finance

By: The Globalist | Saturday, June 19, 2010

The great Crisis of 2008-09 may well be to finance what the Great Depression was to trade — namely, an inflection point that changes our view of the interplay of capitalism, globalization and sound regulation.

After years of vigorous efforts by the TTRI in research and development as well as technology transfer, Taiwan has innovated and made steady breakthroughs in textile-fiber-production technology and dyeing techniques.

Nine World Cup teams play in Made-in-Taiwan uniforms

By: EBR | Friday, June 18, 2010

At the FIFA World Cup tournament in South Africa, Taiwan will be appearing not among the 32 contending teams but as a maker of team uniforms. Nine of the competing teams will be donning uniforms made of recycled materials 100-percent made-in-Taiwan (MIT)

The crisis has shown that the divergent growth patterns in EMU and growing macroeconomic imbalances implied contingent budgetary risks.

2010 Report on Public Finances

By: EC Press Room | Thursday, June 17, 2010

Events in Spring 2010 have exposed the urgency of addressing the fiscal challenge in the euro area and the EU. Sovereign risk premia increased to unprecedented levels in Member States with perceived high budgetary and macro-financial risks.

Digital information technologies and the emergence of new services, although beneficial to consumers, also represent a major challenge to consumers’ fundamental rights to privacy and protection of personal data.

10 principles, 5 years, 1 challenge: to achieve a European Digital Strategy that truly works for consumers

By: EBR | Tuesday, June 15, 2010

Major technological developments have significantly changed the way consumers live, shop, communicate, access employment offers, education, healthcare services, knowledge and information.

As European citizens embrace innovative technologies, new devices and increased value added online services the scene is set for a highly dynamic and evolutionary digital future for Europe

Cybersecurity - a key component in the new Digital Era

By: EBR | Tuesday, June 15, 2010

Safer internet and effective measures against cybercrime is a multinational issue that needs to be addressed through various channels involving multiple partners, from business, government and civil society, working actively together.

Digital Agenda calls for strong leadership. Momentum has been created for vigorous action. Solid commitment and political will is now required to ensure the successful implementation of the Digital Agenda.

The Digital Agenda for Europe

By: EBR | Tuesday, June 15, 2010

The European Commission has just published its Digital Agenda, a key component of its EU 2020 Strategy. This highly political road map for the information society sector looks at delivering a smart, sustainable and inclusive growth.

‘Citizens should be able to enjoy commercial services and cultural entertainment across borders. But EU online markets are still separated by barriers which hamper access to pan-European telecoms services, digital services and content’.

What we need is a digital internal market!

By: N. Peter Kramer | Tuesday, June 15, 2010

European Commission Vice-President and Commissioner Neelie Kroes introduced the Digital Agenda for Europe, the first of the seven flagship initiatives under the Europe 2020 Strategy for smart, sustainable and inclusive growth.

The real problem is that Europeans are not ready for the reforms they need, and politicians have not clearly explained the severity of the situation to their citizens.

Europe Bought Time and Not Much Else

By: EBR | Monday, June 14, 2010

Stock markets reacted euphorically to the massive rescue package announced to prop up crashing European economies. Passions cooled slightly as the market rally halted, but still, it seemed, all was as it should be.

The committee suggested new features designed to reduce risk in the financial system. These include new rules on remuneration, selling of borrowed securities (short-selling) and marketing to retail investors.

Hedge Funds: The EP call for less speculation

By: Athanase Papandropoulos | Monday, June 7, 2010

On Monday, May 31st, members of the European Parliament voted for new ways to deal with managers and hedge funds located outside the EU, a proportionality system to regulate less risky funds more lightly, and rules on remuneration policies of short selling.

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EU Actually

A mission impossible for Sébastien Lecornu, Macron’s 5th Prime Minister?

N. Peter KramerBy: N. Peter Kramer

President Emmanuel Macron has again named a close ally, Sébastien Lecornu, as the new French prime minister, 24 hours after a vote of confidence ousted François Bayrou.

Europe

France in fresh political crisis after MPs oust prime minister

France in fresh political crisis after MPs oust prime minister

France has been plunged into a new political crisis with the defeat of Prime Minister François Bayrou at a confidence vote in the National Assembly

Business

The Next Chapter: Governance and Growth for Global South families

The Next Chapter: Governance and Growth for Global South families

In much of the Global South, family-owned businesses are not a side story

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