Tag Archives: Business

Europe mulls plans to boost research in poorer regions

Europe’s next elite research centers could be built in the poor regions in the south and east of the continent but managed by prestigious research institutions in, say, the United Kingdom, Germany, or Sweden. That’s one of several ideas now under discussion in the European Parliament to bolster research and innovation in areas where they haven’t thrived, in hopes of accelerating economic development. Continue reading Europe mulls plans to boost research in poorer regions

Iceland exports energy as data

Iceland’s main exports are aluminum and fish. Now the isolated nation is hoping to offer the world a new commodity: a cheap, guiltless way to store its data.

In February, a startup called Verne Global opened a large server farm on an old NATO base near Iceland’s main airport and began offering “100% renewable” computing services to the rest of the world. It’s one of three data centers in Iceland and part of what Iceland’s government hopes will be a new local industry. Continue reading Iceland exports energy as data

Deficit Theatre

After the curtain drew on the European fiscal pact meeting in Brussels on March 2, Spanish Prime Minister Mariano Rajoy announced that Spain would miss its European-imposed government budget deficit target of 4.4 percent of gross domestic product (GDP). Instead, he said, Spain’s national government would aim for a 2012 deficit of 5.8 percent of GDP, down from 8.5 percent under his predecessor in 2011. Some Spaniards described his announcement as an assertion of Spanish sovereignty and a rebuff of German Chancellor Angela Merkel’s continual demands for austerity. Outside observers speculated that Spain, the second-biggest economy of the so-called PIIGS countries, might lead a revolt against new fiscal rules. Continue reading Deficit Theatre

Dispatching the middleman

MANY cabbies pay a dispatcher to keep the fares coming. The dispatchers are an information clearing-house, offering customers a central point of contact and offering on-the-move drivers directions to the nearest prospective passenger. But location-enabled smartphones in the pockets of more customers, and on the dashboards of more drivers, offer a tempting way to skip the middleman. If, that is, customers and drivers can find a handy way to share their locations.

Enter the app developer. In Sweden, Germany, Spain and Britain this new breed of middleman has released a slew of taxi-finding apps in recent years. When a customer requests a taxi, the applications ping the nearest available driver. He can accept the fare, paying a small commission, or skip it. Some applications offer customers an estimate of the fare, ratings of potential drivers or, once a match is made, a moving blip on the map, showing  their drivers’ progress. All this is especially useful for visitors unfamiliar with a city or late-night revellers uncertain of their street address.

Continue reading Dispatching the middleman