Risk analysis for a complex world
Developing adaptable systems for finance and international relations could help reduce the risk of major systemic collapses such as the 2008 financial crisis, according to a new analysis.
Dubai to build climate-controlled 'city', largest mall
Dubai is planning to build a temperature-controlled city featuring the world's largest mall and an indoor park, as well as hotels, health resorts and theatres, the developer said.
US seizes Bitcoin operator accounts
US authorities seized the accounts of a Bitcoin digital currency exchange operator, claiming it was functioning as an "unlicensed money service business," court documents showed Friday.
As Bitcoin virtual currency soars, bubble fears do too
Some call it the most famous pizza purchase in history: In May 2010, a programmer called Laszlo asked an online forum if anyone would buy him a couple of pies in exchange for 10,000 Bitcoins, an experimental ...
Study suggests banks could learn from monkeys to avoid collapse
(Phys.org) —All jokes about monkey business aside, primate social networks provide valuable lessons that could help predict and prevent catastrophes like the global financial crisis of 2008, report researchers ...
Rethinking investment risk
Financial innovation is supposed to reduce risk—in theory, at least. Yes, new financial instruments based on the housing market helped cause the financial crisis of 2008. But in the abstract, those same ...
Frenchman Tirole wins Nobel economics prize
(AP)—French economist Jean Tirole won the Nobel prize for economics Monday for research on market regulation that has helped policymakers understand how to deal with industries dominated by a few companies.
European carmakers to get serious at Geneva show
The Geneva Motor Show has long had a reputation as one of the glitziest stops on the global auto show circuit—the place to unveil luxury models and out-of-this-world fantasy concept cars. But this year ...
Cyber risks can cause disruption on scale of 2008 crisis, study says
Organisations must dramatically improve their response to cyber risks to avoid a new global shock on the scale of the financial crisis that rocked the world in 2008, a study showed Tuesday.
New records for sea ice loss, greenhouse gas in 2012 (Update 2)
The world lost record amounts of Arctic sea ice in 2012 and spewed out all-time high levels of greenhouse gases by burning fossil fuels, international climate scientists said Tuesday.
Great Recession spurred student interest in higher education, expert says
When the Great Recession struck in 2008, it made young people think differently about American higher education, a Stanford economist says.
Australia's new supercomputer a boon for climate scientists
Australia's most powerful computer was unveiled Wednesday, in a boost for climate scientists who need to crunch vast amounts of data to make forecasts and pinpoint extreme weather, officials said.
Top India Bitcoin operator halts trade after bank warning
India's biggest Bitcoin trading platform said on its website Friday it had suspended operations after the central bank warned against the risks of using virtual money.
Pirate party makes a raid on German politics
(AP) -- Pirates are capturing Germany's political system. The party with the outlaw name started as a marginal club of computer nerds and hackers demanding online freedom, but its appeal as an antiestablishment ...