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Fewer Billionaires, Poorer Billionaires On African Continent In 2019

Buffeted by plunging stock prices and weaker currencies, the number of African billionaires has shrunk to just 20, down from 23 a year ago. Four people fell off Forbes’ annual list of the continent’s richest since last year while one returned to the ranks after a four-year absence. All but four members of the list … Continue reading Fewer Billionaires, Poorer Billionaires On African Continent In 2019

New Survey Shows China Not Dead Yet

China’s services sector growth rose for the second month in a row and hit its highest level since June 2018 , according to the Caixin China General Services Business Activity Index, released on Friday. Caixin said that increased foreign demand for Made in China goods and improving business confidence helped. The Index hit 53.9 in … Continue reading New Survey Shows China Not Dead Yet

U.S. Stocks End a Dismal, Volatile Year on a Bright Note — TIME

Wall Street closed out a dismal, turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade.After setting a series of records through the late summer and early fall, major U.S. indexes fell sharply after early October, leaving them all in the red for the year.… via … Continue reading U.S. Stocks End a Dismal, Volatile Year on a Bright Note — TIME

Chinese Internet Court Uses Blockchain To Combat Online Plagiarism

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Big Crypto Recovery as EOS Surges 35%: Can Bitcoin Recover to $4,000?

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How To Extract Business Value From Data Science: It’s All About The Teamwork – Jack Soat

To make an impact at the enterprise level, the data science group can’t work in isolation, said Ian Swanson, Oracle vice president of machine learning and artificial intelligence product development, during a presentation at the recent Oracle OpenWorld conference. “In order to do data science right, it has to be a team sport,” said Swanson, … Continue reading How To Extract Business Value From Data Science: It’s All About The Teamwork – Jack Soat

Here’s How Bloomberg Should Have Spent His $1.8B For Economic Mobility – Allison Dulin Salisbury

As soon as news hit of Michael Bloomberg’s latest donation to Johns Hopkins University, the praise—and the critiques—started rolling in. If you missed it, the billionaire and former New York City mayor announced last week that he would be giving $1.8 billion to his alma mater to increase need-based financial aid for low- and middle-income … Continue reading Here’s How Bloomberg Should Have Spent His $1.8B For Economic Mobility – Allison Dulin Salisbury

The Philippines Per Capita GDP Has Reached An All-Time High Under Duterte – Panos Mourdoukoutas

Philippines President Rodrigo Duterte has a terrible human rights record. But the average Filipino is doing better under Duterte. When it comes to per-capita gross domestic product (GDP), that is. That’s a measure of the total output of a country divided by the number of people in that country. The Philippines’ per-capita GDP was last … Continue reading The Philippines Per Capita GDP Has Reached An All-Time High Under Duterte – Panos Mourdoukoutas

Dubai Emerging Market Maverick Abraaj Gets A Lifeline – Kenneth Rapoza

The past 12 months weren’t great for emerging markets—but it’s been far worse for Dubai-based private equity firm Abraaj Group and its founder Arif Naqvi. Bad fortune of being in the wrong place with the wrong people at the wrong time, including a scandal at a key lender, is what did them in. Its fall from being a … Continue reading Dubai Emerging Market Maverick Abraaj Gets A Lifeline – Kenneth Rapoza

The Scariest Economic Chart In The World Right Now May Come From China – Pedro Nicolaci da Costa

Move over, U.S. economy: The real action in global forecasting these days lies in figuring out what is happening in the world’s second largest economic powerhouse, China.Wall Street is increasingly worried about slowing growth in foreign economies despite strong economic numbers at home. Federal Reserve Chairman Jerome Powell, too, recently identified weakening overseas economies as … Continue reading The Scariest Economic Chart In The World Right Now May Come From China – Pedro Nicolaci da Costa

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