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Europe is leading the way in AI and machine learning

Deep Tech in  Europe: even Silicon Valley wants in

The State of European Tech report points to the success of tech-based businesses or acquisitions across the continent, but at the core of this success is deep tech. When it comes to advances in AI, machine learning, VR and AR, drones, robotics and 3D printing, Europe is either leading the way, or is on par with the likes of the US. Since the start of 2015, $2.3 billion has been invested into deep tech in Europe and 2016 is on track for $1 billion – four times the amount in 2011. … Wed.,  30 November 2016

U.S. opens door to oil exports

Drilling boom of the past six years boosted U.S. production by 50% 

The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau of Industry and Security, or BIS, which regulates export controls, said it had granted permission to “some” companies to sell lightly treated condensate abroad. Condensate is a form of ultra-light crude. … Tue.,  29 November 2016

TPP’s death hurts America

The end of TPP benefits to China and Russia

America is receding from the global economic stage, opening the way for China to take a lead role and a supporting one for Russia. Donald Trump’s decision to withdraw from the Trans-Pacific Partnership (TPP), a controversial trade deal, wasn’t taken well by world leaders. “The TPP without the United States is meaningless,” Japanese Prime Minister Shinzo Abe said. … Mon.,  28 November 2016

Warren Buffett’s Berkshire makes surprise U.S. airline bet

Buffet has bought shares in the four biggest U.S. airlines

Warren Buffett’s Berkshire Hathaway Inc on Monday said it has bought shares in the four biggest U.S. airlines: American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Continental Holdings Inc. The investments mark an unexpected reversal for Berkshire, which has avoided the airline sector for nearly two decades after a troubled investment in the former US Air Group, a forerunner to American. They also expand Berkshire’s bet on the U.S. economy, and in particular transportation. Berkshire already owns the BNSF railroad and the NetJets luxury plane unit, and in January paid $32.1 billion for aircraft parts maker Precision Castparts. … Fri.,  25 November 2016

Skyscanner sold to China’s Ctrip

Finding cheap flights

The travel search website Skyscanner has been bought by Chinese counterpart in a deal worth £1.4bn. International, China’s biggest online travel company, said it had agreed to buy Scotland-based Skyscanner Holdings.Skyscanner, a result of chief executive and co-founder Gareth Williams’s frustration with finding cheap flights, enables users to compare prices from different travel sites when searching for plane tickets, hotels, and rental cars.The website serves 60 million monthly active users and is available in more than 30 languages. … Thu.,  24 November 2016

Dow hits new high of 19,000

Trump rally continues

The Dow Jones Industrial Average hit a new record high Tuesday, closing above 19,000 for the first time as the stunning market rally since the election of Donald Trump continued on Wall Street.
The blue chip index went as high as 19,044 in late afternoon trading and finished the day slightly below that. The Dow, which includes 30 brand name stocks such as Coca-Cola (KO), Walmart (WMT), Microsoft (MSFT, Tech30), Disney (DIS) and General Electric (GE), is now up nearly 4% since Trump defeated Hillary Clinton to become the next president of the United States.

The S&P 500 and Nasdaq are also at record highs. … Wed.,  23 November 2016

Stocks Markets and coming Trump’s presidency

40 ‘Trumped-up’ stocks for the next four years

Wall Street is betting a Trump presidency and Republican-controlled Congress will be a recipe for more stock market gains over the next four years. All the major indexes are at or near all-time highs.
Some companies will fare better than others. RBC chief U.S. market strategist Jonathan Golub wrote in a report Monday that there have already been big winners and losers during the post-Election Day rally. This trend could continue. The best way to position portfolios for an all-Republican Washington is to focus on those investment characteristics poised to benefit most from pro-growth policies. … Tue.,  22 November 2016

Scotland may block legally article 50

The Scottish parliament may have the legal right to block Article 50 entirely

Not many people are familiar with section 2 of the Scotland Act of 2016, but it could give First Minister Nicola Sturgeon and her government in Edinburgh the legal power to block the UK from triggering Article 50. Conservative MP Anna Soubry — in a wonderfully honest interview in The Guardian yesterday — mentioned it in passing: … Mon.,  21 November 2016

US economy: supply-siders versus the zero-sum crowd

Inside Donald Trump’s Economic Team, Two Very Different Views

Longstanding tensions are coming to a head within Donald Trump’s economic team over a fundamental question: Will the economy benefit most from more carrots or more sticks? … Sun.,  20 November 2016

Brexit: 30,000 scientists with EU citizenship may quit UK

What does UK science do about Brexit?

The UK receives £850m in research funds from the European Union each year. Full membership of one of the main EU funding programmes requires free movement of labour. British universities employ 30,000 scientists with EU citizenship. There have already been reports of UK scientists losing out in EU grant applications and of EU citizens not taking up posts in UK universities because of the uncertainty around funding and the residency status of EU citizens following the referendum result last month. … Fri.,  18 November 2016