Posts belonging to Category jobs



Pilotless planes could save airlines billions

Pilotless planes: would anyone fly?

The aviation industry could save $35 billion a year by moving to pilotless planes, according to a new report from UBS. Just one problem: The same report warns that only 17% of travelers are willing to fly without a pilot. UBS said that the technology required to operate remote-controlled planes could appear by 2025. Further advances beyond 2030 might result in automated business jets and helicopters, and finally commercial aircraft without pilots.

“The technologies in development today will enable the aircraft to assist and back up the pilot in all the flight phases, removing the pilot from manual control and systems operations in all types of situations,” the report said. Commercial flights already land with the assistance of on-board computers, and pilots manually fly the aircraft for only a few minutes on average.

http://money.cnn.com…   Fri.,  11  August 2017

Tesla: 1,800 Model 3 reservations a day

The waiting list for Tesla’s new Model 3 is growing fast

Tesla (TSLA) said Wednesday it is now averaging more than 1,800 net reservations each day for its cheaper electric car, following an event last week to hand over keys to the first 30 Model 3 vehicles. Tesla did not provide an updated figure for its total waiting list. At the event last week, Tesla CEO Elon Musk said the reservation number was over 500,000. On a conference call with analysts Wednesday, he clarified the number was actually 455,000, including cancellations.

The strong demand is a mixed blessing for Tesla as it grapples with scaling up production to make good on deliveries for its first mass market car. Tesla said it remains “on track” to hit its production goals. Tesla expects to produce 1,500 Model 3 vehicles in the upcoming third quarter, 5,000 vehicles produced per week by the end of this year and 10,000 per week by the end of 2018.

http://cnn.com…   Thu.,  03  August 2017

Brexit exodus for Investment banking jobs

70,000 roles may be relocated from the City of London post-Brexit

A banking exodus from London will be costly. International lenders may need to shift as many as 40,000 investment banking jobs to the European Union to maintain activities on the continent after Brexit, according to financial consultants Oliver Wyman.

Banks may also have to pump as much as $50 billion in extra capital into EU subsidiaries “to support new European entities,” analysts at Oliver Wyman said in a report published on Tuesday.

Oliver Wyman is not alone in predicting a banking exodus. The Centre for London estimated last month that as many as 70,000 roles may be relocated from the City of London post-Brexit, while EY last year predicted 83,000 financial services jobs could be lost. Brussels think tank Bruegel made a more conservative forecast of 30,000 jobs lost.

http://www.oliverwyman.com…   Tue.,  01  August 2017

Brexit: Japan’s biggest bank moves investment operations to Amsterdam

Hundreds of MUFG staff could be leaving the UK

Japan’s biggest bank is reportedly set to move its European investment operations from London to Amsterdam because of the uncertainty posed by Brexit. MUFG could move hundreds of its 2,100 London employees to the Dutch capital, sources told the Financial Times.

Other banks are also looking to set up new offices in various European cities because of Brexit. The UK’s withdrawal from the EU is likely to have a significant effect on the financial services industry in the UK – along with numerous other areas – as companies in Britain will no longer be able to operate within the EU framework.

This could potentially block access to clients and significantly interfere with business. Amsterdam is already home to MUFG’s retail and corporate banking operations.

http://www.independent.co.uk…   Mon.,  31  July 2017

Obamacare: US senate votes down ‘skinny repeal’ of health act

The revolt of John McCain

Arizona senator John McCain provided a historic and critical vote to torpedo the Obamacare repeal bill – and with it Donald Trump’s legislative agenda – in a night of high drama on Capitol Hill. McCain, who only returned to Washington earlier this week after a diagnosis of brain cancer, joined fellow Republicans Susan Collins of Maine and Lisa Murkowski of Alaska in voting down the so-called “skinny repeal” bill 51-49. The six-term senator, who was his party’s 2008 presidential candidate against Barack Obama, told reporters “wait for the show” before arriving for the vote in the Senate chamber.

Once there, McCain was lobbied by vice-president Mike Pence, who was on the floor of the Senate to preside in case of a tie, for over 20 minutes. The two went back and forth and occasionally disappeared from the chamber altogether. But as the votes were cast, McCain, who had long nurtured a reputation as a maverick willing to buck party lines, delivered a black eye to Trump, who had famously mocked McCain as “not a war hero” during the 2016 campaign. The dramatic conclusion ended months of furious negotiating that exposed a party riven over how to dismantle a law that extended healthcare coverage to millions of Americans and has taken root in several states, in some cases with the help of Republican governors.

http://www.theguardian.com…   Fri.,  28  July 2017

Foxconn unveils $10 billion plan to build LCD display plant in US

Trump announces that Apple’s top supplier is building a $10 billion factory in Wisconsin

Taiwanese electronics manufacturer Foxconn Technology Group announced at the White House Wednesday its plans to invest $10 billion to build a massive display panel plant in Wisconsin that could employ up to 13,000 workers but would require up to $3 billion in subsidies from state taxpayers.

“America does not have a single LCD plant to produce a complicated system. We are going to change that,” Foxconn chairman Terry Gou said at a news conference. “It starts today with this investment in Wisconsin.”

Foxconn is a major supplier of Apple iPhones and other Apple devices and comes a day after President Donald Trump told the Wall Street Journal that Apple CEO Tim Cook promised him the company would build “three big plants, beautiful plants” in the U.S.

The Wisconsin-based Foxconn plant will focus on display panels used in televisions and other devices. Last year, Foxconn bought Japanese electronics maker Sharp Corp.

http://www.usatoday.com…   Thu.,  27  July 2017

Legal marijuana, a very profitable business

Nevada sold out of legal marijuana so quickly, the government used a ‘statement of emergency’ to bring in more weed

On July 1, Nevada locals and tourists visiting from out of state waited hours in line in triple-digit temperatures to become the first in the state to purchase legal recreational marijuana. Less than two weeks later, the 47 retailers licensed to sell the drug are running out of supply. The Nevada Tax Commission, a subsidiary of the state Department of Taxation, has passed a new regulation to address the shortage in a unanimous vote.

The commission found that the current pool of stores licensed to distribute marijuana is insufficient to support the market. It will reopen applications and allow dispensaries previously operating in the medical marijuana program to vie for a spot in the recreational market. The regulation come as a response to a “statement of emergency” issued by the department and endorsed by Governor Brian Sandoval late last week.

http://www.businessinsider.com…   Fri.,  14  July 2017

Paris, Franckfurt, Dublin, Amsterdam fight to poach post Brexit businesses

France outlines plans to attract business post-Brexit

  • producing a set of measures to attract financial business due to Brexit
  • Paris has great potential
  • will cancel planned extension of tax on share trading to intra-day trading
  • will review on a case-by-case basis those French laws that go beyond the EU financial regulations they implement
  • EU financial rules will in the future be implemented in France without additional constraints, to ensure fair level playing field across single market
  • plans to scrap highest bracket of payroll tax for firms like banks that do not pay VAT
  • bankers bonuses will no longer be taken into account when labour courts calculate unfiar dismissal compensation

France out the blocks post-election in the bid to secure any spoils of Brexit fallout. Given the latest French-German alliance/initiatives then we must guess that these plans have been run past Merkel & Co. A joint share of the spoils perhaps?

http://www.forexlive.com…   Fri.,  07  July 2017

Big pharma turns to AI

How to speed drug discovery

The world’s leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new medicines, with GlaxoSmithKline unveiling a new $43 million deal in the field on Sunday.

Other pharmaceutical giants including Merck & Co, Johnson & Johnson and Sanofi are also exploring the potential of artificial intelligence (AI) to help streamline the drug discovery process.

http://www.reuters.com…   Mon.,  03  July 2017

Draft bill to replace Obamacare would cut Medicaid

Senate Republicans release healthcare bill that will affect coverage for millions

After weeks of secret negotiations, the US Senate has released its draft of a bill that could upend the healthcare system for millions of Americans.

The Senate’s 142-page proposal, unveiled on Thursday, would eliminate or reduce key benefits provided by Barack Obama’s Affordable Care Act; lower taxes for the wealthy; strip funding from the women’s reproductive health provider Planned Parenthood; and dramatically cut and restructure Medicaid, America’s public health insurance program for low-income and disabled Americans.

The legislation mirrors the bill that the House of Representatives passed narrowly last month, with modest changes intended to win support from moderate senators. Meanwhile, Republican Senate leaders emphasized that the legislation is subject to change as they negotiate details in an effort to win 50 votes, the minimum required for the bill to pass.

http://www.theguardian.com…   Fri.,  23  June 2017