Pan Gongsheng, vice governor of the People's Bank of China, has raised concerns about trading of digital currencies, according to an internal memo. "The financial work conference clearly called for limiting 'innovations' that deviate from the need of the real economy and escape regulation," Pan said in reference to a meeting of regulators and policymakers.
When people say leaders must show vulnerability, what they really mean is leaders should be human and approachable, writes David Brock. "Rather than setting leaders on pedestals, thinking of them as 'different,' aren't we better off thinking of them as human, trying to excel in their job -- just like all of us?" Brock writes.
Blockchain technology -- driving cryptocurrencies, such as bitcoin -- could have implications for the education sector, according to a recent report from the European Commission's Joint Research Center. The report outlines four ways blockchain technology could affect education, including eliminating the need for paper records and simplifying payment processes.
An overhaul of the eurozone financial sector must make progress by early 2019, French Finance Minister Bruno Le Maire says. First-phase priorities include a banking union, a capital-market union and fiscal convergence; establishment of a crisis-stabilization process and a joint budget will come later.
The industrial internet of things can help breweries be more efficient, trust their data is solid and respond to changes in consumer preference, writes Jason Andersen of Stratus Technologies. Sensors, for example, can protect profitability by anticipating shortages and reducing downtime.
The Connecticut Supreme Court decided 6-0 on Thursday that a woman can sue a health care provider over the release of her medical records without her permission, which she says led to harassment by a man pursuing custody of her child. The decision, which establishes a new state precedent, is significant because courts have previously held that such private lawsuits are prohibited under HIPAA.
Global advertising investment is expected to rise 3.6% this year, an increase from 3.1% in 2017, powered by digital growth that will reach $220.3 billion, with mobile taking a $121.1 billion share, per Dentsu Aegis Network. Digital ad spend will surpass TV, at 38.3% of the total share compared with 35.5%, respectively, and social media will account for 23.5% of digital ad investment.
BJ's Wholesale Club issued a statement in response to the news that Walmart plans to close 63 Sam's Club stores, letting Sam's Club employees know that BJ's is in hiring mode. After announcing the closures, Walmart also said that it is working to place as many of its affected staffers as possible at other nearby stores.
Several tech firms showed off digital health devices at CES, including InteraXon, a Canadian startup creating a neurofeedback headband, and Looxid Labs, a Korean company developing a headset for reading brain waves. Also, virtual reality is being considered as a health tool, and Brennan Spiegel, research director at the Cedars-Sinai medical center in Los Angeles, believes that its uses in pain management could help ease issues with opioid dependence.
French dairy giant Lactalis has extended to 83 countries the recall of more than 12 million boxes of salmonella-contaminated powdered baby milk products. The firm said it will pay damages to the 37 families affected by the contaminated infant formula in France, Spain and Greece.
Sources say CBS and Viacom Vice Chair Shari Redstone is reconsidering a potential merger between the two media companies, which split more than a decade ago. CBS Chairman Les Moonves is reportedly open to the merger and would be a top choice for heading the combined companies.
November saw a construction spending increase of 0.8% and a three-month-average annualized growth rate of 8.8%, according to an analysis of US Census Bureau data. Residential construction increased 11.3% year over year and led the rise in spending, but many of the nonresidential construction sectors saw declines.
All forms of renewables, including offshore wind and solar thermal, are expected to become cost-competitive with fossil fuels by 2020, according to International Renewable Energy Agency, citing technological advances and competitive bidding processes. "Turning to renewables for new power generation is not simply an environmentally conscious decision, it is now overwhelmingly a smart economic one," said Director-General Adnan Amin.
United Airlines, on April 9, will launch twice-daily service between Elmira-Corning Regional Airport in New York and Newark Liberty International Airport in New Jersey.
A collection of Olympic memorabilia that may have no rival in the world sets South Korea's Kensington Flora Hotel apart. The luxury property's displays include Olympic torches, medals, programs, autographed shoes from sprinter Usain Bolt and a pair of skates autographed by South Korean figure skater Yuna Kim.