The World Bank’s annual Doing Business survey has been described by some as the “World Cup” or “Olympics” for governments competing to make their countries attractive to businesses. The ranking measures how easy it is to do business in a country by examining regulatory environments and is enormously influential: it has inspired more than 3,500 reforms across 190 economies; in 2017-18 alone, 128 economies undertook a record 314 reforms.
While this attention to policy responsiveness is admirable, a key element is missing from rankings such as Doing Business: they say little about the ease or difficulty of doing digital business. We aim to close this gap with the first analysis of the Ease of Doing Digital Business in 42 countries around the world. We picked these countries because they constitute the most significant markets for digital businesses worldwide and offer a consistent set of data across a wide range of indicators. We find that digital business environments require distinctive policy focuses and investments. Our evaluation is intended as a complement to that of the World Bank; it provides decision-makers a basis to compare countries not only in terms of “traditional” business-friendliness but also in terms of factors affecting setting up digital businesses.
While all businesses have elements of digital technology built into them, we define “digital businesses” as ones that have a digital platform as core to its business model. We analyzed four essential digital platforms: ecommerce platforms (e.g. Amazon, eBay); digital media platforms (e.g. YouTube, Netflix); sharing economy platforms (e.g. Uber, Airbnb); and online freelance platforms (e.g. Upwork, Toptal).
See more at Harvard Business Review.
President Trump Shared An Altered Hurricane Forecast To Justify His False Tweets About Hurricane Dorian
President Trump displayed an outdated and falsely altered National Hurricane Center forecast map on Wednesday during a public briefing on Hurricane Dorian’s threat to the Carolinas over the next two days.
The map, showing a six-day-old forecast, was altered with a black marker to make it appear that the agency’s official forecast included parts of Alabama, Georgia, and Florida that were not included in the actual forecast. The alteration was an apparent attempt to bolster the president’s incorrect assertion last weekend that Alabama could feel the effects of the hurricane as it moved up the southeast coast.
The map the president displayed in the Oval Office shows the National Hurricane Center’s forecast for Hurricane Dorian at 11:00 AM EDT on Thursday, August 29, a long-outdated forecast that doesn’t reflect the threat posed to the southeastern coast this week.
See more at Forbes.
How do you communicate when the government censors the internet? With a peer-to-peer mesh broadcasting network that doesn’t use the internet.
That’s exactly what Hong Kong pro-democracy protesters are doing now, thanks to San Fransisco startup Bridgefy’s Bluetooth-based messaging app. The protesters can communicate with each other — and the public — using no persistent managed network.
And it’s led to swift growth for Bridgefy: downloads are up almost 4,000% over the past 60 days, according to Apptopia estimates (Apptopia is an app metrics company).
The app can connect people via standard Bluetooth across an entire city, thanks to a mesh network. Chatting is speediest with people who are close, of course, within a hundred meters (330 feet), but you can also chat with people who are farther away. Your messages will simply “hop” via other Bridgefy users’ phones until they find your intended target.
See more at Forbes.
- Pentagon research to sift 250,000 news items in initial phase
- Fears grow about viral political memes polarizing society
Fake news and social media posts are such a threat to U.S. security that the Defense Department is launching a project to repel “large-scale, automated disinformation attacks,” as the top Republican in Congress blocks efforts to protect the integrity of elections.
The Defense Advanced Research Projects Agency wants custom software that can unearth fakes hidden among more than 500,000 stories, photos, video and audio clips. If successful, the system after four years of trials may expand to detect malicious intent and prevent viral fake news from polarizing society.
See more at Bloomberg.
The blockchain technology has been enjoying great strides of progress in terms of mass adaptation., thanks to the big tech companies and financial institutions starting to focus significant resources to develop the blockchain technology for the public.
Omega Prime Group, a fintech startup based in London, is also helping push the technology for the public. Seeing the great potential on the emerging decentralized economy, the company started building infrastructures to harness the blockchain. As a part of their efforts to expand their operations, they acquired Hashtechz, a software development company focused on building trading bots that uses data-driven AI.
Their mission is to offer low risk investments with the potential for high returns. Since their public launch, the members of their platform has been getting an average of 20% in returns on investment month after month according to their monthly financial reports.
Recently, Omega Prime Group has presented their technological portfolio at a financial tech conference held in Jeju Island, Korea. The conference was attended by over 600 investors keen to take part on the growing blockchain technology opportunities.
Justin Hale, CEO of the Omega Prime Group who conducted the presentation said, ” Given the current wave of disruption, decentralized finance lies at the core of our investment thesis. Critically, we believe that by leveraging advances in AI and the proliferation of structured data, we can position ourselves as a powerhouse at the center of the De-Fi revolution. By doing so we can enable our stakeholders to profit immensely in the coming shift towards a decentralized economy.”
American Airlines says it will fly the Boeing 787 from Philadelphia to both international and domestic destinations starting in January.
The aircraft, nicknamed the Dreamliner and applauded for its bigger windows, quieter flights, improved cabin air circulation and lighter weight, will serve international routes from Philadelphia to Amsterdam, Zurich and Manchester as well as two domestic routes: Philadelphia-Chicago and Philadelphia-Dallas.
American laid out its new Philadelphia 787 destinations on Wednesday in a letter to pilots from J.C. Gulbranson, vice president of operations and crew performance.
The new flights are just the start of a 787 buildup in Philadelphia which will require the establishment of a 787-crew base in the city, Gulbranson wrote.
“PHL will continue to see an increase in Boeing 787 flying long term,” he wrote. “To support this network growth, we will open a pilot bid position for Boeing 787s in PHL in January 2020.”
Until that base is fully staffed, some of the flights will be flown by 787 pilots based on Dallas and Chicago, he said.
See more at Forbes.
Laxman Muthiyah describes himself as a web developer, security researcher and sometimes a hacker in his Twitter profile. I think he does himself a disservice as a quick glance at his “Zero Hack” blog reveals he is a very talented, and pretty prolific, hacker. Luckily he’s also one of the good guys and uses his talents to find vulnerabilities that can then be fixed by the vendor before the threat actors can exploit them.
His latest discovery was a flaw in the way that Instagram handled the validation of password reset codes. A defect that meant an attacker could request 1 million password reset codes within a ten-minute window and with 100% success.
The Instagram hack background
Why use the “Nasty List” to steal Instagram account passwords when you can just use the system password reset process instead?
Back in July, Muthiyah revealed he found an Instagram vulnerability that allowed him to “hack any Instagram account without consent permission.” The Facebook security team, Facebook acquired Instagram for $1 billion (£820 million) on April 9, 2012, thought this was a serious enough problem that it awarded Muthiyah a $30,000 (£24,500) bounty for the disclosure. The vulnerability was quickly addressed and fixed. You can read more about it in this Forbes report from Lee Mathews, but the tl;dr is that it involved the Instagram use of six-digit password reset request validation codes.
See more at Forbes.
Forex is the popular term for foreign exchange markets. The banks and brokerage firms are linked via electronic network to do business in the stock markets. The network allows them to convert currencies worldwide.
It became the chief and largest liquefied financial market around the globe. Take for instance, the volume of dollar currencies can rapidly increase in trillions of dollars within a day in currency markets. It even goes beyond the total volume of the total equities in the U.S. as well as future markets.
Forex trading is dominated often by commercial banks, investment banks, and government central banks. This is the main reason why many private investors are dealing on currency exchanges. They find it easier to access the market through technological innovations such as the internet.
It also provides the needed information in the stocks market regarding trading forex. The currencies which are widely traded include British Pound, US Dollar, Japanese Yen, Swiss Franc, Australian Dollar, and Canadian Dollar.
Forex trading is done 5 days within a week and the traders can have constant access to various dealers all around the world. The trading does not mainly focus on any exchange or physical location and the transaction happens between two persons via electronic network or a phone line.
Forex trading has grown rapidly on the global market. The restrictions on the flow of capital have even been put off in various countries. This factor leads to market independence settling the forex rates on its perceived values. There are different reasons why forex trading is very popular. It include utmost liquidity, available leverage, lower trading costs.
There are different advantages of forex trading in the stock markets. Traders are making bigger sums of money by selling and buying foreign currencies. However, some people might ask of its advantages on the stock market.
- Forex market can handle transactions even if it reaches 1.5 trillion dollars every day. Take note, this is a very large volume. It only denotes that sellers and buyers are always available regardless of the currency types. So, if the trader wanted to buy, there is always an available seller, and if the trader wanted to sell, there is always an available buyer.
- There is no insider in the trading systems.
- Remember, constant value fluctuations of several currencies are caused by economic change. Some traders may obtain the information before others get it. So, they can sell or buy it within the stock markets. However, the nation’s economy is accessible to every trader so nobody can take an inside advantage to anyone.
- It has accessibility.
- It is operational for five days within a week and accessible for twenty four hours. Trading can be made during this period.
- It has more predictability.
- It always follow the market trends even the trends that are well established.
- It can allow smaller investments.
- The potential traders can open mini accounts even for a few bucks of dollars. Forex trading has high leverage which is around 100:1. It only signifies that your assets can be controlled 100 times over your invested money.
- It has no commissions.
- The forex trading brokers can earn money through setting their spreads where they weigh the process between selling and buying currencies.
Forex trading can be one of the best systems in day trading. Since it deals with currency trades, it can have the largest volumes of trading. Although it can be labeled as high risks trading systems, it can bring the traders higher returns within minutes.
However traders should be aware that forex trading needs a thorough research before starting it. Never confine yourself with only one source. Always make it a part of your plan to research first before engaging yourself in the real forex trading. It is not enough to know its advantages. As a trader, you need to clearly understand the systems involved in forex trading. It is helpful if you read the latest forums posted in the community boards.
It is also important to find the best forex trading systems. In this manner, you can incorporate a course, software, or method developed by forex trading experts. Take note, there are various system types that are available. It is important to find the right system that will fit in your goals in the industry of trading forex to achieve success.