As amazing as all of our existing tech is, some of the best is yet to come. We asked five TNW 2018 attendees to tell us which currently unavailable tech, app, or invention they wish for. Not surprisingly, some of the demands were pretty steep: “Teleportation.” Marie Bue. Startup evangelist, Zalando SE. “I would love to have Google Assistant develop a little bit more in Dutch.” Kevin Hipke. Advertising agent, TBWANEBOKO “I would like to go to a place, or have a universal app that scans my body. Then, when I shop online, I know exactly that it fits.” Max… This story continues at The Next Web
ITALY’S next government, a coalition between the populist Five Star Movement and the far-right Northern League, is giving investors plenty to worry about. Leaked plans, hastily abandoned, suggested it might want to leave the euro or ask the European Central Bank to forgive €250bn ($292bn) of Italian debt. But less attention has been paid to what it might mean for Italian banks, and in particular for their biggest burden: non-performing loans (NPLs). Over €185bn of NPLs were outstanding at the end of 2017, the most for any country in the European Union (see chart).By comparison with Greece, where NPLs are 45% of loans, Italy looks manageable, with just 11.1%. And it has made progress: in late 2015 NPLs were 16.8% of loans. But any wild policy lurches would put that progress in question. The clean-up of banks’ books has relied on openness to foreign investors. Huge volumes of NPLs (€37bn in 2016 and over €47bn in 2017, according to Deloitte, a consultancy) have been sold by banks, often to...Continue reading
(May 25): Malaysia’s newly elected Prime Minister Mahathir Mohamad has given his clearest signal yet as to what his China policy will be, telling top diplomats that Kuala Lumpur’s friendship with Beijing will remain solid.
In an internal memo to foreign affairs staff, dated May 14 and obtained by This Week in Asia, Mahathir told foreign ministry secretary general Ramlan Ibrahim that “our strong ties with China … will continue to flourish”.