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Weekly Globo Digest August 5, 2016

Posted by proeconomia in Uncategorized.
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Here is a small selection of short globalization stories during the past week:

  • Germany gained 1,5 billion euros just by lending to the world! It’s 10 year bond remains in negative area.
  • GlaxoSmithKline a pharmaceutical giant based in London, teamed up with Alphabet (Google’s parent company) to invest £540 m over seven years to treat disease through miniature implants that affect electrical signaling along nerves. Why is this news? Because it’s a manifestation of the Fourth Industrial Revolution (4IR) one of its characteristics being the fusion of  avant-guard technologies and their interaction across the physical, digital and biological domains.
  • 2-4 August took place the  World Islamic Economic Forum in Indonesia, the world’s most populous Muslim-majority nation. The main talking point was the Islamic finance, an industry which has grown rapidly since the early 2000s and is now reckoned to be worth about $2 trillion—comprising Islamic bank deposits and Islam-friendly sukuk bonds (an islamic financial certificate, similar to a bond in Western finance, that complies with Sharia – Islamic religious law) and takaful (islamic insurance).
  • 119.756 Bitcoins (a 0,75% of total Bitcoins in circulation) cryptocurrencies of a total worth of $72m were stolen from an exchange platform called Bitfinex based in Hong Kong. The maga-hack resulted in 23% plunge in Bitcoin price and Bitfinex suspended it’s operations. Bitcoin’s “mining” (a term used to define the creation of the cryptocurrency)  and circulation is based in blochchain technology, a very promesing and rather complicated  database that is considered to be ultra-secure.

Sources : The economist, FT, Investopedia

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