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A World Economic Forum Report concluded that in 2018 71% of the global work was the product of the human labour force, with 29% by machines (AI).

Smart taxation in a fast-changing global economy

By: EBR | Wednesday, October 23, 2019

Everyone across the globe is embracing smart technology and digitalisation. In this rapidly changing environment, smart taxation is the solution to drive growth, address current and future challenges of economic change, fulfill international goals and at the same time taking into consideration national needs

President Leitl recently visited the US, where he spoke with, among others, Bill Keating (Chair of the Europe subcommittee of the House), Daniel Mullaney (US Trade Representative for Europe), IMF Chief economist Gita Gopinath and World Bank VP Karin Finkelstone.

Christoph Leitl re-elected as President of EUROCHAMBRES: ‘Politicians can define goals, but companies can realise them’

By: N. Peter Kramer | Friday, October 11, 2019

Christoph Leitl is re-elected as President of EUROCHAMBRES for a new term (2020-22) during the 126th Plenary Assembly – Board of Directors

The truth is simple: teenagers today are changing our world – for the better. They are informed, committed and proactive. They have adult responsibilities and are actively contributing to society, politics and the economy. Also, long after all of us have gone, it’s teenagers who will have to live with the consequences of climate change, dirty oceans, extremism, wars and violence.

They are changing our world: let’s give the vote to 16-year-olds

By: EBR | Tuesday, October 8, 2019

They’re tough, they’re outspoken and they’re everywhere

Cities’ digital infrastructure is often outdated and under-resourced - which makes them soft targets for cybercriminals.

Cities are easy prey for cybercriminals. Here’s how they can fight back

By: EBR | Friday, October 4, 2019

Make no mistake: the world is in the early stages of a techno-war against city governments and urban infrastructure. And while some cities have bolstered their capabilities to patch their vulnerabilities, they are entirely unprepared for the scale of cyberthreats that are coming

“We are clearly able to see that the words used for women refer much more to their appearances than the words used to describe men. Thus, we have been able to confirm a widespread perception, only now at a statistical level”

This machine read 3.5 million books then told us what it thought about men and women

By: EBR | Friday, October 4, 2019

Machine learning analyzed 3.5 million books to find that adjectives ascribed to women tend to describe physical appearance, whereas words that refer to behavior go to men

The 10 Megatrends identified in Huawei’s Global Industry Vision 2025 report, presented by Dr Cao, ‘will shape the future and inspire a new age of digital inclusion’.

Can Huawei play a role in enhancing EU’s technology sovereignty?

By: N. Peter Kramer | Tuesday, October 1, 2019

Huawei offers to become an indispensable partner for the EU as it strives to develop secure and trustworthy networks to empower a common digital future across the continent

"The Commission has not succeeded in proving that there was an advantage in favor of Starbucks," is the verdict of the judges in Luxembourg.

Blow for Vestager: tax deal The Netherlands with Starbucks not illegal!

By: N. Peter Kramer | Wednesday, September 25, 2019

The tax arrangements that the Dutch Tax Authorities have made with the American coffee chain Starbucks are not in conflict with European rules

Social media is nowadays the main vector for the spread of disinformation, and the EU and national governments cannot tackle it alone.

10 ways the EU is fighting disinformation

By: EBR | Friday, September 20, 2019

Countering online disinformation is one of the biggest challenges democracies face today

Exciting new ideas are being generated around the world and have the potential to change the field.

6 innovative technologies about to transform our infrastructure

By: EBR | Friday, September 20, 2019

Stewing in a traffic jam, huffing over a late train or waiting out a delayed flight at an overburdened airport, one can be forgiven for feeling frustrated by creaking infrastructure

Since energy consumption and production roughly represent two-thirds of global GHG emissions today, the difference between a gradual and rapid energy transition will largely determine the climate future of humanity.

How fast will the world move to cleaner energy? Two scenarios

By: EBR | Friday, September 20, 2019

The impending global energy transition is exciting – and it will have wide-ranging implications for the global climate, for business and for consumers. But at what speed is the transition moving – and more importantly, how fast will it go? Will our energy future be fundamentally different from the one we know today?

The Greek-owned merchant fleet (4,585 ships above 1,000 dwt) controls 27.76% of the global tanker fleet, 21.53% of the global dry bulk cargo fleet and 15.94% of the global freight and cargo fleet of petroleum products in gaseous or non-gaseous form. The Greek flag (759 ships above 500 dwt) holds seventh place internationally and second in the EU (in dwt).

The aquatic advantage of Greece and the danger from the East

By: Athanase Papandropoulos | Friday, September 20, 2019

The Greek Prime Minister, Mr. Kyriakos Mitsotakis, in his speech at the 84th Thessaloniki International Fair (TIF) emphasized on the country’s development. At the same time, the leader of the opposition party, Mr. Alexis Tsipras, followed exactly the same direction

Almost all the Chinese tech players are heading into the same direction as Tencent. They are rushing to learn how new digital technologies, including the internet of things, AI, blockchain, cloud computing and data analytics can be integrated into their businesses to unlock value from non-traditional angles.

Why the internet is yesterday’s news in China’s digital leap forward

By: EBR | Friday, September 20, 2019

In May 2017, China hosted the historical Go match between Ke Jie, the world’s No 1-ranked player and world champion, and the AI-enabled computer program AlphaGo, designed by Google’s DeepMind Lab. The Wuzhen showdown was ripe with suspense and symbolism – human vs. machine, intuition vs. algorithm, tradition vs. modern – and, with the AI machine’s straight 3-0 win over best human player, the sense of the unequivocal rise of the “digital economy”

Hellenism received the greatest shine of the second half of the fifth century; then its fruits reached their highest maturity and then its charm peaked. However, the historical and spiritual prerequisites for this have already been put into place since the time of the so-called Prosocrastics (before Socrates).

Back to Athens of ... the future

By: Athanase Papandropoulos | Monday, September 16, 2019

Would a big challenge for the newly elected Mayor of Athens, Mr. Kostas Bakogiannis, be the Greek capital to become a great city of brilliance, like 2,500 years ago?

In the United States, media scrutiny of “overboarded” directors – those sitting on so many boards that it raises questions as to whether they can reasonably fulfill their duties – has also had a dwindling effect.

Boards Under the Influence

By: EBR | Monday, September 16, 2019

Fifteen years ago, The Globe and Mail put the spotlight on a group of 16 board directors who had an inordinate influence on the Canadian business landscape. Dubbed the “Elite 16,” these men sat on the board of at least five of the roughly 200 firms that make up the S&P/TSX index. Although they comprised only 1 percent of all index firms’ board directors, they collectively oversaw businesses representing 51 percent of the index’s market cap

Our research – which has spawned a working paper and an article for Journal of Marketing Research – can help online companies develop a more nuanced method of conducting and moderating the flow of user activity. It may be of particular interest for those with subscription-based business models, because their priority is to extend the time horizon of user engagement so as to collect more fees. As streaming services continue to gain in popularity among gamers, prolonging subscription duration is likely to become an even more central issue for the industry.

Making the online world less addictive – and more popular

By: EBR | Monday, September 16, 2019

In June 2018, the World Health Organisation added gaming addiction to its International Classification of Diseases

The initiative of the new Commission-President to establish a Single Market for Cyber Security with a Joint Cyber Unit, is a step in the right direction.

The digital security of Europe

By: EBR | Monday, September 16, 2019

A clear trend can be seen for our digital future: What can be connected will be connected. But companies and societies do not network within traditional, analogous borders.Machines are also increasingly being connected to one another. The Internet of Things is growing faster and faster. These developments give us a unique opportunity to bring the citizens of Europe closer together. And we must not let this opportunity pass us by

Most interestingly, the gap between China and the United States is narrowing — and in nominal terms, China’s economy is now 66.4% the size.

The $86 trillion world economy – in one chart

By: EBR | Friday, September 13, 2019

The world economy is in a never-ending state of flux.The fact is that billions of variables — both big and small — factor into any calculation of overall economic productivity, and these inputs are changing all of the time.Buying this week’s groceries or filling up your car with gas may seem like a rounding error when we are talking about trillions of dollars, but every microeconomic decision or set of preferences can add up in aggregate

When newsrooms indulge readers’ worst impulses, the consequences are far-reaching. Media are integral to support accountability by anyone wielding power or influence, and to mobilize civic engagement.

What’s Wrong with the News?

By: EBR | Friday, September 13, 2019

The rise of data analytics has made journalists and their editors confident that they know what the people want. Why, then, did almost one-third of respondents to the Reuters Institute’s latest Digital News Report say that they regularly avoid news altogether?

In the most basic version of this model, social influence means that communities end up at consensus. They decide either that vaccinating is safe or that it is dangerous. But this does not fit what we see in the real world. In actual communities, we see polarization—entrenched disagreement about whether or not to vaccinate. We argue that the basic model is missing two crucial ingredients: social trust and conformism.

How misinformation spreads—and Why we trust It

By: EBR | Friday, September 6, 2019

The most effective misinformation starts with seeds of truth

The problem is that wherever large numbers of tourists go, difficulties soon follow. Take the scenic cove in Thailand popularized by the movie The Beach, which has now been forced to close indefinitely following extensive ecological damage to corals, seawater and plant life. Or Venice, which is planning to reroute cruise ships to other ports to avoid damage from overcrowding.

These are the top countries for travel and tourism in 2019

By: EBR | Friday, September 6, 2019

Spain, France, Germany, Japan and the United States are the world’s most travel-ready nations, according to the latest travel and tourism ranking of the World Economic Forum

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EU Actually

Guterres: the one and a half Celsius is dead

N. Peter KramerBy: N. Peter Kramer

On the eve of the UN climate conference COP30 in Brazil, the word was finally out.

Europe

Disunited European Parliament calls off EU budget rebellion

Disunited European Parliament calls off EU budget rebellion

"The Commission’s proposals are quite good and meet our demands," said EPP MEP Herbert Dorfmann, while sources close to the file said centre-left S&D lawmakers were unhappy with the suggestions.

Business

China to loosen chip export ban to Europe after Netherlands row

China to loosen chip export ban to Europe after Netherlands row

Beijing has said it will loosen a chip export ban it imposed after Dutch authorities took over Nexperia, a Chinese-owned chipmaker based in the Netherlands.

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