Markets News Oil 

Oil will crash to $10 a barrel with electric vehicle revolution, strategist says

“Oil prices are poised to crash to just $10 per barrel over the next six to eight years as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of Longview Economics, told CNBC on Friday” writes Heinz-peter Bader for cnbc.com. When looking ahead to 2018, Watling acknowledged that a key catalyst for the oil market would most likely be Saudi Aramco’s initial public offering (IPO) in the second half of next year.And when he was asked about Saudi Arabia’s state oil group being launched on…

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Online revolution squeezes another 62,000 jobs out of the UK retail sector

“Most other sectors increased headcount substantially – Britain was, and remains, in an employment boom with a record number of people in work and the lowest unemployment rate for 42 years” writes Tim Wallace for telegraph.co.uk. Almost 2.9m people are still employed in the retail sector, making it one of the largest sources of jobs in the UK. The economy saw a substantial rise in consumer spending last year as households shopped more.Yet the sector’s workers are missing out on this growth. “About 15pc of retail spending is occurring online…

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Robot revolution to boost jobs in London but not in the North

“The forthcoming robot revolution threatens to exacerbate the North-South divide, creating jobs in London and the South East, but destroying those elsewhere in the country, an economic think tank has warned” writes Tim Wallace for telegraph.co.uk. Administrative and secretarial jobs are expected to decline by 10pc between 2017 and 2021. Also, process, plant and machine operatives decline by 1pc and elementary occupations by 10pc,” the report said.Manufacturing employment overall should even increase, edging up by around 0.8pc over the next four years to 2021, the report indicates. Source: telegraph.co.uk Share This:

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Crypto News 

Chilean Banking Regulator Joins Blockchain “Revolution in Evolution”

“The banking regulator of Chile (Superintendencia de Bancos e Instituciones Financieras or SBIF) has announced today that it recently joined R3, as a regulatory member” reports financemagnates.com. That agreement made the venue the first stock market in Latin America to apply the technology within its short selling system for securities lending. Source: financemagnates.com Share This:

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How to survive Wall Street’s robot revolution

“McKinsey & Co. partner Jared Moon predict s that technologies sweeping through investment banks will relieve rank-and-file employees of about a third of their current workload” writes Hugh Son Jennifer for bloomberg.com. Wall Street’s robot revolution has begun. McKinsey’s Moon is a bit more blunt: “Learn to code in Python.” That’s the programming language used by investment banks including JPMorgan and Bank of America Corp.Opimas says as many as 27,000 new jobs will be created for technology and data workers. Source: bloomberg.com Share This:

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Animated map shows how cats spread across the world

“As the agricultural revolution spread, cats joined for the ride.By 2,500 BC years ago cats had reached Cyprus where no cats had existed before” writes Jessica Orwig for businessinsider.com.au. The secret lies in ancient cat DNA. Here’s how cats spread across the world.Helping cats spread across all of Africa, Europe, and Asia.You can find house cats on every continent except Antarctica.That’s about 93.5 million house cats in the US, alone. Source: businessinsider.com.au Share This:

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Prime-Ex Perpetual Raising ICO Funds for Real Estate Revolution

“It proved that investing in real estate technology startups can be as beneficial as investing in an actual real estate” writes About Yashu Gola for livebitcoinnews.com. It becomes evident in a CB Insights Report which revealed real estate tech companies had raised $2.36 billion in 2016.Prime-Ex Perpetual, unlike its competitors, introduces a never-seen-before feature to the real estate sector: a synergistic system whose prime beneficiary is the homebuyer.Prime-Ex Perpetual, a Panama-based real estate startup, has opened similar early-stage investment opportunities for investors. Source: livebitcoinnews.com Share This:

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CLAIM: ‘Inspirational’ bots replace teachers — in 10 years…

“The efficiency of automated teaching would also mean that only 30 per cent of school time will be spent in class” writes Henry Bodkin for telegraph.co.uk. The new era of automated teaching promises an end to grouping children by year, as the personalised nature of the robots will enable pupils to learn new material at their own pace, rather than as part of a class.”Everyone can have the very best teacher and it’s completely personalised; the software you’re working with will be with you throughout your education journey.” He warned,…

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