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Banks can use AI to transform the customer experience by enabling frictionless, 24/7 customer interactions — but AI in banking applications isn’t just limited to retail banking services.

The $450B opportunity for the applications of artificial intelligence in the banking sector & examples of how banks are using AI

By: EBR | Tuesday, November 12, 2019

Discussions, articles, and reports about the AI opportunity across the financial services industry continue to proliferate amid considerable hype around the technology

The creation of highly efficient and dynamic systems by criminals to provide malicious services exploiting computer networks and enable fraud has created a global, underground digital economy.

Cybersecurity can teach business how to succeed with platform models. Here’s how

By: EBR | Friday, November 1, 2019

In the early era of industrial growth, the only option for a successful business was to fully integrate supply chains and human capital

If we consider what the future could be, picking up the mantle against climate change may not seem so bad after all.

This is what 2030 could look like if we win the war on climate change

By: EBR | Friday, November 1, 2019

By 2030, your CO2 emissions will be greatly reduced. Meat on your dinner table will be a rare sight. Water and the air you breathe will be cleaner and nature will be in recovery. The money in your wallet will be spent on being with family and friends, not on buying goods

In 2017, the more than 53,000 stadium seats in the Johan Cruijff ArenA were replaced. Confronted with the question of what to do with them, the managers of the stadium conducted a study and eventually decided to sell the chairs.

Three ways in which football is helping to recycle plastic

By: EBR | Friday, November 1, 2019

Organisers of sports events are increasingly aware of the environmental impact such events have and are making efforts to become more sustainable, including by reducing and reusing plastics

Geographically, capitalism is now the dominant (or even the only) mode of production all over the world whether in Sweden where the private sector employs more than 70% the labor force, the United States where it employs 85% or in China where the (capitalistically-organized) private sector produces 80% of the value added.

Why it is Not the Crisis of Capitalism

By: EBR | Tuesday, October 29, 2019

There has recently been an avalanche of articles and books about the ¨crisis of capitalism” predicting its demise or depassement

“I regret having said that about Reich, but if he foresaw hyperglobalization or the localized effects of the China shock, that’s news to me.”

Economists on the Run

By: EBR | Wednesday, October 23, 2019

Paul Krugman and other mainstream trade experts are now admitting that they were wrong about globalization: It hurt American workers far more than they thought it would. Did America’s free market economists help put a protectionist demagogue in the White House?

By learning from data at a fraction of the speed of humans, AI has the ability to accomplish activities and make forecasts with incredible accuracy.

Preparing Your Firm for AI

By: EBR | Wednesday, October 23, 2019

Firms looking to leverage the transformational potential of AI should remember that it is still people who determine the context in which the new technology develops and thrives

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?

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EU Actually

Even Fox News participates in boycott of the White House after excluding CNN

N. Peter KramerBy: N. Peter Kramer

In his weekly column N. Peter Kramer writes about President Trump’s denying CNN, Politico and MS reporters access to the White House press conferences. The three news media are going to court!

Europe

The Uncomfortable Truth About EU Enlargement

The Uncomfortable Truth About EU Enlargement

Before the next wave of EU enlargement takes place, the union needs to grapple with thorny questions of how power is distributed among its members.

Business

Businesscraft: Japan’s Quiet Discipline for a Fractured World

Businesscraft: Japan’s Quiet Discipline for a Fractured World

For almost thirty years after the end of the Cold War, geopolitics stayed away from the corporate boardroom. Geopolitical considerations belonged to the foreign ministry or to a dedicated risk committee back at headquarters, and rarely crossed a CEO’s desk.

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