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That is, the banks have a hands-on approach whereby they not only provide close project monitoring but also are in a position to nominate directors to the boards of the companies to which they lend and in which they have an equity stake. Moreover, developing banks have in-house technical expertise that allows them to participate in decisions involving choices of technology, scale and location.

The value of development banks for an economy in distress

By: EBR | Tuesday, May 23, 2017

A World Bank survey defines a development bank as “a bank or financial institution with at least 30 per cent State-owned equity that has been given an explicit legal mandate to reach socioeconomic goals in a region, sector or particular market segment”

Due to the rapid advancement of digital technology, political advertising now has a set of opaque but highly effective algorithmic strategies to directly target individual voters and spread inaccurate and manipulated information online. This is the rise of computational propaganda that can significantly influence elections at the price of undermining democracy.

#MacronLeaks changed political campaigning

By: EBR | Friday, May 19, 2017

Why Macron succeeded and Clinton failed

The biggest concern with ransomware is the rate at which it is adapting to combat security protections. We recently examined the evolution of ransomware and found that ransomware developers are learning from their mistakes in previous versions. Each generation includes new features, and improved attack strategies.

Ransomware: what is it, how does it work, and can you protect yourself?

By: EBR | Friday, May 19, 2017

What would it mean if you lost all of your personal documents, such as your family photos, research or business records? How much would you pay to get them back? There’s a burgeoning form of cybercrime that hinges on the answers to these questions

Migrants going to such countries cannot expect, even in the next generation, to have children who would climb up the income ladder. In a destructive feedback, such countries will attract the least skilled or the least ambitious migrants and once they create an underclass, the upward mobility of their children will be limited.

Migration Vs. the Welfare State?

By: EBR | Thursday, May 18, 2017

A self-fulfilling prophecy of failure: Welfare states attract a lot of unskilled migrants who fail to assimilate. A political disaster is looming

Trump, who promised during his election campaign to move the US embassy from Tel Aviv to Jerusalem, has previously challenged the legitimacy of Palestinians demands for a state and dropped his country’s commitment to a two-state solution. Trump said: ”The Palestinians and Israelis must work together to reach an agreement that allows both peoples to live, worship and thrive and prosper in peace”. Trump added that an agreement could not be imposed by the US.

Is Trump visiting friends or enemies on his first international trip?

By: EBR | Wednesday, May 17, 2017

Donald Trump goes on his first foreign trip as US President to Saudi Arabia, Israel and the Vatican, visiting the centres of the three world religions

Cumulatively from the start of operations in 1999, BSTDB has approved over 100 SME operations for a total amount of EUR 974 million. Today, we have 39 SME operations for a total of EUR 232 million, representing 20% of the outstanding portfolio. Given the fact that we are headquartered in Greece, which facilitates our contact with locally incorporated commercial entities, we used to enter into direct contractual arrangements with Greek partners. Since the start of operations the Bank has signed 18 operations in Greece for over EUR 335 million, apart from financial support provided to Greek companies expanding their activities in other member countries. However, the Bank does not exclude Greek banks from its pool of potential clients. On the contrary, we have explored various possibilities to engage with Greek banks in the past, and we are currently considering financing opportunities.

President of BSTDB: The region of Black Sea in the path of sustainable development

By: EBR | Wednesday, May 17, 2017

“BSEC region is on path of growth, but due to market volatility and high risk perceptions, capital inflows from abroad remain subdued” stated Mr. Ihsan Ugur Delikanli

These bursts of connectedness can increase a team’s effectiveness in the face of adversity by facilitating resilience. Resilience relates to people’s ability to positively adapt to adverse circumstances. During a crisis, intensified sharing and increased connectivity via instant, cheap and easily accessible social media tools may bolster resilience in teams, particularly virtual ones. In addition, the accelerated connectedness facilitated by WhatsApp may also enhance emotional expression within teams. The sense of being a part of a group or simply feeling one is “not alone” allows collective action, thereby facilitating team resilience.

Building team resilience on social media

By: EBR | Monday, May 15, 2017

Guidelines for how a team can use social media to foster resilience in crisis situations.

The almost continuous development of new economic activities and associated jobs is unlikely to stop. While it is possible that working men will follow working horses to the margins of economic activity, it is more likely that in the future, as in the past, most people who look for work will find a job.

Five ways to fight populism

By: EBR | Monday, May 15, 2017

The best response to populism is active government policy. We need more and better smart liberalism

“By learning a new language, you suddenly become attuned to perceptual dimensions that you weren’t aware of before,” says Professor Athanasopoulos. “The fact that bilinguals go between these different ways of estimating time effortlessly and unconsciously fits in with a growing body of evidence demonstrating the ease with which language can creep into our most basic senses, including our emotions, our visual perception, and now it turns out, our sense of time.

This is why the language you speak can change how you perceive time

By: EBR | Friday, May 12, 2017

Language has such a powerful effect, it can influence the way in which we experience time, according to a new study

In many cases, once a robot CEO has been designed and bench tested, shareholders of companies that have suffered from inept management should feel that it could not do any worse than the humans under which their wealth has been eroded and opportunities missed, and would very likely do better.

Why wait 30 years for robot CEOs?

By: EBR | Wednesday, May 10, 2017

Most CEO jobs are as outsourceable as everybody else’s. The incentive is greater too, given the direct savings in salary costs etc.

After beating the extreme-right candidate by 23.8% to 21.5% in the first round, experts estimate that the second-round victor attracted the support of almost all the traditional Socialist Party, Green and centre-right voters.

Macron, the Fifth Republic’s unusual eighth president

By: EBR | Monday, May 8, 2017

Just one year after making his big political gamble, Emmanuel Macron was elected president of France with more than 65% of the vote on Sunday (7 May)

If Macron disappoints in office, as Sarkozy did and as Hollande did as well despite some reforms in the second half of his presidency, France and the EU could end up in a big mess after the next French election in 2022.

The Macron Effect: Can France overtake Germany again?

By: EBR | Monday, May 8, 2017

It’s not a foregone conclusion that Germany always has the upper hand economically over France

Innovation is enabled by the core fact – called neuroplasticity – that the human brain continually changes itself through experience. Neuroplasticity, also known as brain plasticity, refers to the brain’s ability to rewire itself based on experience by generating new neurons and by forming new connections between neurons, among other factors. It was believed for a long time that, after a certain age, the brain became “fixed”. Now we know that the brain never stops changing, and that’s why there’s so much interest and hope around ways to harness that neuroplasticity to lead better lives, to enhance our brains, and to delay brain health decline.

Five reasons the future of brain enhancement is digital, pervasive and (hopefully) bright

By: EBR | Friday, May 5, 2017

Elon Musk just detailed his ambitious plans for a new brain-computer interface platform.

The NCRTV now claims that it does not have the proper infrastructure to proceed. Asked what was wrong, NCRTV Vice-President Rodolphos Moronis replied, “Logistical and staff problems. I would not like to continue this conversation.”

How much ‘freedom’ for the Greek media?

By: EBR | Friday, May 5, 2017

As we mark World Press Freedom Day this week, we need more than ever to keep our eyes open.The press is under huge pressure

To transform today’s divisive economies, we need to create economies that are distributive by design – ones that share value far more equitably amongst all those who help to generate it. And thanks to the emergence of network technologies – particularly in digital communications and renewable energy generation – we have a far greater chance of making this happen than any generation before us.

Meet the doughnut: the new economic model that could help end inequality

By: EBR | Friday, May 5, 2017

It’s the “Doughnut” of social and planetary boundaries and it could just turn out to be the compass we need for creating a safe and just 21st century

Trump has blown hot and cold on Europe and NATO. After having urged other EU states to follow Britain’s lead by leaving the EU, Trump now believes that Europe is a “good thing”. NATO appears to have salvaged its reputation after having been denounced as an “obsolete” organisation.

Forget the doomsayers: Trump’s 100 days have been good for Europe

By: EBR | Tuesday, May 2, 2017

US President Donald Trump’s first 100 days in office have been a breathtaking rollercoaster ride for Americans, but also for many in Europe

The Organisation for Economic Co-operation and Development (OECD) calculates the extent to which taxes and transfer payments moderate income inequality in its member countries. Their calculations illustrate what economic historian Peter Lindert calls the Robin Hood Paradox, which is that the highest levels of redistribution occur in countries with the least pre-tax inequality. For instance, among OECD countries, the highest levels of redistribution occur in the Scandinavian countries and the lowest in Mexico and Chile.

Thatcher, Reagan and Robin Hood: a history of wealth inequality

By: EBR | Tuesday, May 2, 2017

Persistently high rates of income or wealth inequality are bad for social cohesion, political inclusion and crime

It has become common parlance to talk about how BP destroyed the Gulf of Mexico, or pharmaceutical companies misled doctors or banks were to blame for the global financial crisis. But the idea that corporations act as if they are human seems initially quite implausible. Although companies are composed of real people, there is hardly reason to believe that individuals who place themselves into structured groups create a new and separate human-like moral agent with its own beliefs and desires. Can we really identify a corporation or any other business entity as a moral agent that can intend actions and be held accountable for its decisions? Can it act autonomously, form moral judgments and respond in light of those judgments?

Who is responsible for corporate misconduct?

By: EBR | Tuesday, May 2, 2017

With incidents of corporate misconduct never far from the headlines, the philosophical question of whether firms should assume responsibility for individuals’ actions has practical consequences

The skills associated with empathy need to become core values in our homes, our schools and the workplace. They need to be embedded at all levels of society. This is not a box-ticking exercise. These are not soft skills, they are the skills of the future, because while technology is crucial, it will be far more powerful when in the hands of the emotionally literate geek. And to provide a future generation with high levels of emotional literacy we need to institutionalise empathy - to systematise it, making it a part of the foundations of our learning both at work and as school.

The one crucial skill our education system is missing

By: EBR | Friday, April 28, 2017

From Blade Runner to I, Robot, the big screens of Hollywood have predicted the rise of the machine. Automated intelligences will wait our tables and drive our cabs

The international arbitration case was launched against Romania in August 2015 with TNG seeking damages for Romania’s ”wrongful attempts to destroy” Romania Libera and the ”wrongful forced bankruptcy” inflicted by the Romanian government on Astra Asigurari. In May 2016, in what is described as an attempt to ”silence” Adamescu, the Romanian government issued an EAW against him.

Questions asked of Romania’s cooperation with its international commitments

By: EBR | Wednesday, April 26, 2017

The former Attorney General of England and Wales has led a chorus of criticism of Romania over its failure to comply with an international ruling over the European Arrest Warrant (EAW)

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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

France remembers Bataclan attacks but knows enemy has not gone away

France remembers Bataclan attacks but knows enemy has not gone away

Just as France marks the 10th anniversary of the Bataclan massacres, another reminder has come of the permanence of the jihadist threat.

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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