Global networks must be redesigned, professor says

The increasing interdependencies between the world's technological, socio-economic, and environmental systems have the potential to create global catastrophic risks. We may have to redesign global networks, concludes Professor ...

Online game maker Zynga prices IPO at $10 a share

Zynga is poised to harvest some cold hard cash in its initial public offering. Who knew that selling virtual cows and digital corn on Facebook would create a $7 billion company?

Making sense of Google's seemingly kooky concepts

In its self-proclaimed drive to make the world a better place, Google has immersed itself in far more than Internet search and online ads. But driverless cars and a wind energy farm in the Atlantic Ocean?

When a little knowledge really is dangerous

As the global financial meltdown has revealed, there is no shortage of people who fail to understand their own investments. Perhaps better financial literacy among the public would help many people avoid such poor decisions. ...

Financial instruments could be spiked with unfindable risks

(PhysOrg.com) -- In a result that may have implications for financial regulation, researchers from computer science and economics have revealed potentially impenetrable problems with the pricing of financial derivatives. ...

Bonuses and risk not linked, says research

(PhysOrg.com) -- New research into the causes of the credit crisis has cast doubt on the alleged link between bonus payments and risk exposures in the UK financial sector.

Electronic payments crowd out checks in US: Fed

Electronic payments have surged in the United States to more than 75 percent of all noncash payments as check usage continues to fall by the wayside, a Federal Reserve report showed Wednesday.

India launches mobile phone share trading

India has launched stock trading on mobile phones, hoping to capitalise on the country's position as the world's fastest-growing handset market by catering to tech-savvy investors.

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