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Thursday, 29 October 04:55 (GMT -05:00)



Business And Politics News

Chinese Economy Is Way Stronger Than Trump Thinks


The Chinese economy has got much stronger. It can now even be compared to the American one, which is viewed to be the world’s strongest economy. Washington clearly underestimates Beijing when saying that the China has been flourishing in the international markets exclusively at the expense of unfair trade.

 

 

 

 
China quickly integrated cutting-edge technologies into the everyday lives of the Chinese. At this point you can pay by card or online for virtually anything. Sometimes it seems like every Chinese uses their phones to pay for products and services on a daily basis. They say that in big Chinese cities, even homeless people have QR codes so that others could donate them some money using their mobile wallets.
 
According to the CEO of Baidu, China’s biggest search engine, while America was dreaming of becoming a mobile payment society, China already did it. At the same time, the founder of Meituan.com – a Chinese website merging the features of Angie’s List, OpenTable, TripAdvisor, Booking.com, Grubhub, Fandango, Yelp – says that he has the biggest delivery service in the world, with over 300 000 employees delivering food and other stuff to 10 million Chinese user of mobile wallets in a daily basis. All in all, 700 million people make online transactions every day. This provides for a massive bulk of valuable data that can be further used for defining trends and developing new software based on artificial intelligence.
 

 

While President Trump is trying to quit the climatic agreement, China is getting rid of conventional energy replacing it with green energy. Today’s job market in China is focused on two directions – software development and green energy.

 

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SEC Announces $10M Bounty For Whistle Blowers

Publication date: 17 September 12:38 PM

Raygan's Former Advisor Accuses the Fed of a Big Fraud

The former budget advisor under Ronal Raygan's administration, of the founders of the so-called Rayganomics, David Stockman, is a big adversary of the Federal Reserve's policies. He thinks that artificial interest rate cuts coupled with uncontrolled QE (money printing) creates madness in financial markets, thus separating asset evaluation from their intrinsic value of those assets.

Publication date: 23 August 07:32 AM

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Publication date: 06 August 10:06 AM

iPhone as a Payment Terminal: Apple Bought a Startup For That

Apple has recently acquired Mobeewave, a startup specializing in online payments. The price of the deal is 100 million dollars. According to Bloomberg, the company's technology may allow Apple to turn iPhones into mobile payment terminals accepting mobile payments. To be more specific, Mobeewave developed a technology making it possible to make financial transactions between mobile devices through the built-in NFC module.
Publication date: 05 August 09:27 AM

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Publication date: 20 July 11:42 AM

South Korea Invests Billions In Blockchain Technologies

By 2025, South Korea is planning to invest over 48 billion dollars in  blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Donald Trump Influences Bitcoin Exchange Rate

Publication date: 05 June 04:42 AM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?
Publication date: 13 April 11:54 AM

Life After Brexit: EU-UK Talks Are Underway

Publication date: 07 March 09:03 AM