Economics

Incomes grew more than 250% over five years in the Tokyo district where Google and Apple have offices, compared to 7% for the whole city

8 months ago adcity Comments Off on Incomes grew more than 250% over five years in the Tokyo district where Google and Apple have offices, compared to 7% for the whole city
Income in Minato—the area in Tokyo where industry giants like Google, Honda, Apple, and Sony have put down roots—increased 251% between 2012 and 2016. That’s a big difference from the overall Tokyo income growth of 7%. Published 2 hours ago  |  Photo by Reuters/Toru Hanai 251% Japan has long been considered an example of income equality Read More

The complete guide to the world’s largest carbon market that just launched in China

8 months ago adcity Comments Off on The complete guide to the world’s largest carbon market that just launched in China
In the lead up to the 2015 Paris climate summit, premier Xi Jinping announced China would launch a carbon market in two years. Today (Dec. 19), Xi delivered on his promise, opening up what will become the world’s largest carbon market. If wielded wisely, it could help the world’s biggest emitter of greenhouse gases hit Read More

Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear

8 months ago adcity Comments Off on Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear
Economics With the meteoric rise in the value of bitcoin this year and the media cacophony around it, its a surprise that not all world leaders have spoken about the subject yet. One political figure that we can now rest assure is keeping an eye on bitcoin is Israeli Prime Minister Benjamin Netanyahu. Also Read: Israeli Read More

Amid its butter crisis, France could run out of foie gras just in time for Christmas

8 months ago adcity Comments Off on Amid its butter crisis, France could run out of foie gras just in time for Christmas
It’s the most wonderful time of year for most, but this year the French may disagree. The country is facing shortages of three of its favorite delicacies as the festive season approaches: butter, foie gras, and wine. Foie gras production has been damaged by France’s battle with bird flu over the last two years, with Read More

ECB Wants Digital Cash for Banks to Keep up With Bitcoin

9 months ago adcity Comments Off on ECB Wants Digital Cash for Banks to Keep up With Bitcoin
Economics While American central bankers are still just monitoring the risks bitcoin poses to the established banking system, their counterparts across the Atlantic are already preparing to compete with the popular cryptocurrency. A member of the European Central Bank (ECB) executive board has called on commercial banks to implement new solutions that, in his view, will Read More

The economic case that net neutrality was always fundamentally bad for the internet

9 months ago adcity Comments Off on The economic case that net neutrality was always fundamentally bad for the internet
Net neutrality may be over. The Federal Communications Commission chairman Ajit Pai recently proposed getting rid of regulations that stop internet service providers from charging fees to content providers for faster connections. The FCC votes on Dec. 14, and the proposal is likely to pass. The term net neutrality was coined by Tim Wu, who Read More

The UK and the EU have reportedly reached an agreement on the Brexit break-up fee

9 months ago adcity Comments Off on The UK and the EU have reportedly reached an agreement on the Brexit break-up fee
British and European negotiators have reportedly reached an “agreement-in-principle” over the amount that the UK has pay the EU as it leaves the bloc. Published 4 hours ago  |  Photo by Reuters/Neil Hall €55 billion The tentative figure ranges from €45 billion ($53 billion) to €55 billion ($65 billion), according to the Telegraph, citing sources on Read More