technology

By Toby Luckhurst

  • Martin Taylor examines the perennial technical problems that plague modern banks.
  • The number of Saudi women in work has almost doubled in the last six years, as rising living costs render the tradition of the male breadwinner untenable.
  • Turkey more than doubled its weekly repo rate to combat rising inflation.
  • The International Energy Agency has warned that Europe faces decades of higher energy prices, which could be ruinous to industry competitiveness.
  • The Mafia has been dumping rubbish north of Naples, polluting the area so badly that locals refer to it as the “Triangle of Death”.

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Lionel Barber

I arrived in VIP-full Davos with one prediction in mind: 2014 will be the year the world returns to normality or at least the semblance of normality with the tapered exit from quantitative easing.

After three days at high altitude, the prediction is intact and I have five other takeaways. Read more

By Catherine Contiguglia
♦ A European Commission probe into competition and price fixing in the oil market is raising questions about how much power one man’s price reporting window can have on the market, and whether greater EC regulation might worsen the problem by discouraging the availability of oil prices altogether.
♦ The Chinese decision to ban milk imports from New Zealand due to fears that some batches could contain botulism has stoked fears of wider import bans on all foreign milk going into China.
♦ Cash-for-freedom deals in the US were originally designed to funnel in badly needed cash to law enforcement budgets from white collar crimes and drug cartels, but are giving rise to corruption and violations of civil liberties.
♦ Romance is being nationalised in South Korea, where the government is taking the lead in campaigns to introduce young singles at government-sponsored parties. Corporations are also increasingly encouraging relationships in the workplace as fears mount about the shortage of workers in an aging society.
♦ In countries where the government or market fails to meet citizens’ needs, the connectivity of social media and mobile technologies is allowing individuals to build their own representative platforms to meet them.  Read more