EU States Block Plan for Public Multinational Tax Reporting
By: Joe Kirwin November 28, 2019 EU plans to require large companies to publicly report their taxes and profits earned on a country-by-country basis stalled again Nov. 28 after 13 EU member states opposed the legislation. If the legislation had been approved negotiations with the European Parliament would start to finalize the bill. The EP […]
Economists are rethinking the numbers on inequality
By: The Economist November 28, 2019 OVER A DECADE before thousands of protesters gathered in Zuccotti Park in New York in 2011, a little-known researcher in France sat down to write about income inequality in a new way. “The focus of our study consists in comparing the evolution of the incomes of the top 10%, […]
Does the economy affect elections any more?
By: The Economist Nov 28, 2019 “The economy, stupid,” was the slogan of a strategist in Bill Clinton’s campaign for the presidency in 1992. It was a pithy encapsulation of time-honoured spin-doctoring wisdom: that a strong economy helps the incumbent and a weak one helps the challenger. When Mr Clinton took on George H.W. Bush […]
EU ministers to vote on move to expose firms’ tax avoidance
By: Rupert Neate November 27, 2019 European government ministers will vote on Thursday on a new directive that would require multinational companies to reveal how much profit they make and how little tax they pay in each of the EU’s 28 member states.The proposed rule is designed to shine a light on how large companies […]
Cows on Russian Farm Get Fitted with VR Goggles to Increase Milk Production
By: Fabienne Lang November 26, 2019 If you walked onto the RusMoloko dairy farm near Moscow, in Russia, you may think you’ve arrived onto a bizarre futuristic film set, where cows run around fitted with VR headsets. The VR goggles aren’t props for a film, however. They have been specifically made for these dairy cows, […]
Power firms move ownership offshore to ‘protect against Labour renationalisation’
By: Miles Brignall November 24, 2019 Two of the UK’s largest power companies have quietly transferred the ownership of their British operations to offshore companies to protect themselves against Labour’s plan for renationalisation. National Grid and SSE, which together own Britain’s gas and electricity transmission networks, confirmed on Sunday they had created overseas holding companies […]
AI is learning quantum mechanics to design new molecules
By: Futurism Nov 22, 2019 A new machine learning algorithm could probe the quantum behavior of molecules, giving chemists a better ability to design new compounds from scratch. The AI system, with the ridiculous-sounding name “SchNOrb,” can look deeper into the structure and behavior of molecules than previous chemist-assisting algorithms, Inverse reports. Though SchNOrb — “SchNet for […]
Parents are letting DNA testing dictate how they raise their kids
By: Futurism Nov 21, 2019 Chinese parents are choosing to have their children’s DNA tested to predict future aptitudes and traits, Bloomberg reports — and some are even using the information to determine the ideal profession for their child before they’re even out of diapers. Chris Jung is the CEO of Good Union Corp., a Hong Kong-based aesthetic […]
Google latest tech giant to crack down on political ads as pressure on Facebook grows
By: MSN Nov 21, 2019 Google will no longer allow political advertisers to target voters based on their political affiliation, the company announced Wednesday, in a move that will increase pressure on Facebook to limit micro-targeting. Google also plans to “clarify” its ad policies around false claims to explicitly ban doctored video and images known […]