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Porsche invests in Israeli start-up Anagog

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Founded in 2010, the Tel Aviv-based start-up currently has around 30 employees and specialises in developing artificial intelligence (AI) in the context of mobility. Software programmed and patented by Anagog allows companies to better understand and anticipate customer behaviour in certain situations, leading to features such as intelligent parking options being created. With this investment, Porsche is continuing to drive digital transformation and as a result can now develop and offer context-based and personalised services. “We are delig... Read More »

DHL to invest EUR 20 million to enhance its supply chain visibility and risk management platform Resilience360

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Since its inception, the initiative has proven instrumental in mitigating risk for numerous organizations following hurricanes, earthquakes, and other disruptions. “Based on the phenomenal initial success of DHL Resilience360, we have decided to make another major investment in this product,” states Katja Busch, DHL’s Chief Commercial Officer. “Expanding the solution, which has shown strong growth and ability to be profitable, will facilitate product development, external marketing and enhanced sales presence for customers worldwide seeking ... Read More »

Boeing Invests in Global Learning and Innovation Institute Singularity University

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Boeing [NYSE: BA] announced its investment in Mountain View, Calif.-based Singularity University (SU), an immersive and digital educational program provider, business accelerator, and global online community furthering the application of exponential technologies, including artificial intelligence, augmented and virtual reality, nanotech fabrication and robotics. Boeing and SU will explore opportunities to work together, which could include customized educational programs for Boeing employees and the addition of Boeing technical experts to SU... Read More »

Porsche plans to invest more than six billion euro in electromobility by 2022

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Porsche has been putting together an unprecedented future development plan: By 2022, the sports car manufacturer will invest more than six billion euro in electromobility, focusing on both plug-in hybrids and purely electric vehicles. The de-cision was made by the Porsche AG Supervisory Board at its most recent meeting. “We are doubling our expenditure on electromobility from around three billion euro to more than six billion euro”, explains Oliver Blume, Chairman of the Executive Board of Porsche AG. “Alongside development of our models with c... Read More »

Bitcoin: Warren Buffett warns cryptocurrency craze ‘will come to a bad ending’

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Warren Buffett isn’t buying the cryptocurrency craze. “I can say with almost certainty that they will come to a bad ending,” the Berkshire Hathaway CEO said during an interview with CNBC. As the price of bitcoin surged to a record high of nearly $20,000 (£14,800) in December, the alternative currency — and the idea of cryptocurrencies in general — generated intense interest from both amateur investors and from institutions like Goldman Sachs, which reportedly is setting up a cryptocurrency trading desk. Mr Buffett, known for his often-pre... Read More »

Lloyds Bank: Secret savings hoard tops £3.7 billion

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Total UK secret savings at £3.68 billion, up from £3.05 billion in 2014 One in ten people in a relationship in the UK keep some of their savings secret from their partner The average UK couple now keeps 68% of their savings and investments in sole accounts Londoners keep the highest proportion of their savings in sole accounts at 75% The Secret Savers One in ten (10%) people in the UK keep some of their savings secret from their partner. Women are more likely to keep secret savings than men, with 11% of women with partners keepin... Read More »

Electric transport in Amsterdam continues to increase

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The key to optimal growth of the public charging network The collected data show where electric transport is growing and where an expansion of the network is needed. Further investments in the network will make the transition to electric transport even easier for Amsterdam residents and Amsterdam-based businesses. To further support the development of electric transport, Amsterdam will increase the number of charging points to 4,000 by 2018. The number is already at 1,100. Ambition The city’s ambition is to reduce traffic pollution as ... Read More »

European Internet Foundation: Hong Kong’s growing investments in R&D

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Most media understandably focused exclusively on the political issues related to universal suffrage and the role of the Chinese central government in Hong Kong. However, Mr. Leung’s address contained a series of references to government plans in the areas of innovation and technology, aimed at retaining the role of Hong Kong as one of the leading information technology hubs in Asia Pacific. Mr. Leung emphasized the importance of innovation for Hong Kong, stating that the region’s gross domestic expenditure on R&D increased from $7.1 bill... Read More »

Statement by President Juncker ahead of the European Council on 18-19 December: Boosting Investment to create Jobs and Growth

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First, Europe needs a new approach to investment, and we will have to concentrate on improving the investment climate in Europe. And we will have to help our eastern neighbour, Ukraine, stabilise the situation in the East, master the challenges of the winter and pursue the path of reform. We will have to focus our efforts to successfully implement these objectives. Let me start by making a few remarks on our new approach to investment. On investments On 28 November, the Commission presented its 2015 Annual Growth Survey, which is pa... Read More »

German culture award Deutscher Kulturförderpreis goes to the Allianz Cultural Foundation in Berlin

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Since 2012, together with the Literary Colloquium Berlin, the Allianz Cultural Foundation has been organizing a lecture series featuring readings, discussions and workshops with journalists, authors, historians and representatives of civil society from countries of the Mediterranean cultural region. "The White Sea" - Arabic for the 'Mediterranean' – symbolizes the historic association of harbor towns around the Mediterranean. "Together with our authors from a variety of countries we travel ancient trade routes that were always also used to f... Read More »

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