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By Nikolay Peshev on ALTCOIN MAGAZINE

More and more companies are using blockchain technology in their operations, and we may soon see more positive effects for end-users. This was made clear during the Blockchain and Cryptocurrencies panel, which was also the latest in the Investor Finance Forum.

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According to panelists, blockchain allows us to not only trust one institution but to be responsible for our own finances, but many people are interested in how to make money now and how to use technology in everyday life.

Blockchain is a kind of accounting book that records the very values ​​of cryptocurrencies. Currently, we are beginning to see the centralized use of blockchain between only two countries, the participants indicated. …


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Not all emerging technologies that will change our daily lives, none have greater transformative potential than artificial intelligence (AI). AI — the use of computers to solve problems that typically require human intelligence — will also have a profound effect on the global balance of economic and military power. This will change the way communities and people are governed, Hal Brubrands writes for Bloomberg.

Debates about whether China or the United States will dominate the 21st century are needed as to who will lead AI innovation and whether democratic or authoritarian systems are better suited to this challenge. A new report from the bipartisan US National Intelligence Committee on Artificial Intelligence contains reason for cautious optimism about the latter issue, though it reminds us that authoritarian China will indeed be a fearsome competitor.
The AI ​​Committee, chaired by former Alphabet board chair Eric Schmidt and former Defense Secretary Robert Wark, was created as part of the 2019 National Defense Act. …


Airbnb creator Brian Cesky has been forced to make urgent changes to clean up the platform from false ads after a journalistic investigation at Vice revealed a large-scale scheme to defraud US customers.

The investigation shows that the particular network covered 8 cities in the country, affecting nearly 100 fast-property listings — invalid ads adorned with stock photo sites, promoted by 5-star counterfeit reviews.

The scheme’s creators, who have sometimes resorted to threats against dissatisfied customers, have simply taken advantage of inadequate Airbnb rules for reporting irregularities and reimbursing fraudulent users.

“Today, all 7 million Airbnb listings are verified,” Cesky wrote in a letter to company employees. “We believe that internet credibility starts with verifying the reliability of the information on online platforms. We believe this is an important step forward for the industry.” …


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By Nikolay Peshev on ALTCOIN MAGAZINE

When 11 European countries joined the euro in 1999, they voluntarily renounced their national currencies. They not only said yes to a new currency as a medium of exchange but deliberately decided to transfer some of their sovereignty to the European level, French Economy and Finance Minister Bruno Le Mer wrote on the Financial Times.

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With its Libra Global Digital Currency Plan, Facebook has shown both economic and political ambitions. The project will mean a private company controlling the public good and taking on tasks that are usually performed by states. This is unacceptable for both economic and political reasons.
The 2.4 billion Facebook users will provide Libra with immediate global reach. The purpose of the currency is to improve cross-border transactions, which remain too slow and expensive. Libra will also be tied to a currency basket and managed by a group of private companies. …


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Bulgarian wine distribution

The eighth edition of the Balkan International Wine Festival will offer three emotionally charged days in early June, in which nearly 1,000 wines from 100 cellars from the Balkans will be tasted by Sofia residents and city guests from around the world, organizers said. The event tents will be located outdoors in front of the National Palace of Culture (NPC) between June 7–9, 2019.

Registration for the competition, which will select the best wines from across the Balkan region, continues. It will be held from June 5–7, and the awards will be awarded by an international jury, consisting of four holders of the title of Master of Wine (MW), the most prestigious among wine experts. …


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U.S. President Donald Trump expressed optimism on Friday over high-level trade talks with China, which entered its second day of talks, while Beijing said it was open to a “partial” deal that would avoid planned tariff increases on Chinese imports next week, reports Reuters.

Negotiators, including US Treasury Secretary Steven Manoucheng and Chinese Deputy Prime Minister Liu Hu, resumed talks in Washington Thursday, with Hu expected to meet Trump today at the White House at 9:45 pm Bulgarian time.

“Good things happen at a trade meeting with China. Warmer feelings than in the recent past, more like those days. Today I will meet with the Deputy Prime Minister. Everyone would like to see something significant happen! …


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The downturn in sales in the world’s largest car market is also affecting places where the car industry is a leading driver of economic growth.

China’s slowing auto market is forcing local authorities to take action and provide financial support to hard-working domestic and foreign automakers, as Beijing looks at the sector with rising unemployment, Nikkei Asia Review reports.

In the eye of the storm is the city of Chongqing. The hub for the production of military equipment has encouraged the automotive industry in recent decades. …


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Consumption U.S

They don’t call us vain scientists. Nearly 75% of economists surveyed in July by the National Association for Business Economics are seeing a recession in the US by the end of 2021. However, if you ask for data to support this forecast, you will not get consensus ones. There are many theories about trade wars. US growth has slowed. But the usual balloons and imbalances that trigger a recession are not yet visible, writes for the Financial Times Megan Green, a senior at Harvard Kennedy School.

With consumption accounting for almost 70% of growth, the recession must be transmitted through the US consumer. The main question is when. The good news, for now, is that Americans remain steady consumers. Consumption grew 4.7% annually in the second quarter, the fastest pace in four years. Retail sales were also strong, with core sales (excluding the volatile categories) accelerating between May and July at the fastest pace of more than 15 years. Bloomberg’s measure of consumer comfort for personal finances, which includes wage growth and stock prices, is nearing a 20-year high.
Job creation overall slowed down this year, reaching an average of 145,000 a month, up from 215,000 last year. This is the slowest pace since 2010. Given that the unemployment rate is only 3.7%, this is hardly a signal for alarm. Wage growth remained strong at 3.2% y / y in August, economic activity actually increased, and two early warning indicators on the labor market — temporary positions and weekly hours worked — intensified. …


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Bulgarian products including wines, essential oils, and dairy products have great potential to be exported to the Korean market. This was made clear during a meeting between Economy Minister Emil Karanikolov, who is on a working visit to Seoul, with the chairman of the Korean Association of Importing Companies / KOIMA / Mr. Hong Kwang-hee.

The Korean Association of Importing Companies (KOIMA) is an organization of over 8,000 South Korean importing business members and was established in 1970. It is the only business organization in Korea that aims to support imports from abroad and play a very important role. in promoting the country’s trade. …


China may go much further than many expect to win a trade war, and thus increase the chances of Donald Trump earning just one presidential term, investors said, quoted by CNBC.

From stopping purchases of agricultural products from the US to using the yuan as a weapon, these measures are a big bet that could jeopardize Chinese business but are a preliminary look at how far China is willing to go economically to get a long-term deal to their advantage.

“Many investors have expressed the view that China is prepared to accept an economic downturn (and thus a global economic downturn) to prevent President Trump being re-elected,” Naka Matsuzawa, chief strategist at Nomura in Tokyo, said after meeting with Asian clients. …

About

Nikolay Peshev

Ph.D. Student. Interested in Human Resources and Coaching. Love to paddle

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