An infected passenger flies from Wuhan to Milan, a computer virus invades an internet connection, subprime defaults in the US Midwest trigger a global economic crisis. The super-spreaders of the goods of globalization—airport hubs, fiber-optic cables, global financial centers—are also the super-spreaders of the bads. This is the “butterfly defect” of globalization, the systemic risk
More
The American economist Frank Knight theorized about the difference between risk and uncertainty in his classic book Risk, Uncertainty and Profit. Risk is “a quantity susceptible of measurement.” A precise outcome may not be known, but the probability of a few that are most likely can be calculated. Uncertainty means there is not enough information
More
Construction of the Malolos–Clark Railway Project, a flagship Philippine project funded by the Asian Development Bank (ADB), is expected to begin soon, following the signing of three civil works contracts worth more than $1.7 billion.
More
The Asian Development Bank (ADB) has endorsed a new country partnership strategy (CPS) for Papua New Guinea (PNG) covering 2021–2025. A blueprint for ADB’s operations in PNG, the new CPS focuses on developing the transport and energy sectors; reforming state-owned enterprises; promoting private sector development and investment; and assisting the government in achieving their development
More
Vice presidential debates rarely move the needle in significant ways during a presidential election. But with President Donald Trump recovering from the coronavirus and his Democratic challenger, Joe Biden, trying to become the oldest president in U.S. history, the stakes are higher this time.
More
Each year, President Trump welcomes businesses to the White House from every American state to display their goods at the Made in America Showcase.
More
Deutsche Telekom and Telefónica Deutschland/o2 are to extend their long-standing fixed line network collaboration and have agreed a contract for the next ten years. Deutsche Telekom will continue to grant its competitor and cooperation partner Telefónica access to its broadband network. For the first time, Deutsche Telekom has signed a long-term cooperation agreement for the
More
TOKYO, October 1, 2020 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that construction of its SUSTIE net zero-energy building (ZEB) test facility located on the premises of the company's Information Technology R&D Center in Kamakura, Japan, will be completed on October 14.
More
What’s New: The editors of TechTarget’s SearchServerVirtualization.com have selected Intel® Optane™ persistent memory as a Best of VMworld 2020 Award co-winner in the Disruptive Technology category.
More
Verizon Business 2020 Payment Security Report (PSR) cites lack of long term security strategies by business leaders behind 3rd year decline in payment security compliance Key findings include:Only 27.9 percent of global organizations were able to maintain full compliance with the Payment Card Industry Data Security Standard (PCI DSS)Staggering 27.5 percentage point drop in compliance since
More