News Oil 

U.S. oil settles higher, carves out nearly 3 1/2-month peak as China tariff talks progress

“On Friday, for example, Baker Hughes BHGE, +0.00% weekly rig-count data showed the rigs drilling for oil edged back by four to 853” writes Mark Decambre for marketwatch.com. China is a big importer of oil and its tiff on tariffs with Washington has been a drag on the commodity until recent signs of progress on talks emerged.News reports said President Donald Trump would meet with China’s top trade negotiator, Vice Premier Liu He, which has underscored optimism that a deal between China and the U.S. will strike a trade deal…

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Crypto News 

University of California Researchers Propose Blockchain System for Clinical Data

“Academics from the University of California, San Francisco, have proposed a method of sharing medical data using a blockchain-based system” writes Ana Alexandre for cointelegraph.com. The researchers reportedly developed a blockchain-powered system that aims to improve the traceability and immutability of collected clinical data, and make it more trustworthy.The authors further tested malicious attacks to data integrity with real world medical records.The parties aim to discover whether the integration of blockchain with clinical recordkeeping provides the proper level of data integrity, transparency, and patient safety, in addition to reducing costs…

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News 

‘Verdammt’: Just when you thought the worst was over, Germany’s economy moved dangerously close to falling ‘over the edge’ into recession

“Whatever happened in the second half of last year got worse in Q1, and is now threatening to push the German economy over the edge.”” writes Will Martin for businessinsider.com. They had expressed hope that with those factors out of the way the economy would pick up again in 2019.Pantheon Macroeconomics’ Claus Vistesen had a similarly bleak message about the Ifo survey, noting that the headline figure was “horrible,” and delivers a “somber message” about the German economy.Germany may have narrowly avoided a technical recession at the end of 2018,…

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Markets News 

Nomura Invests in AIM2 to Create AI Tech for Wholesale Unit

“Now, AIM2 is focusing on the wholesale financial markets and is in the process of building tools for participants in this sector” writes Celeste Skinner for financemagnates.com. The new tool will provide quotes and recommendations by using artificial intelligence (AI) and data science to analyse high-frequency historical and real-time data, such as client flows and market data, the statement said.The company launched AIM2 in 2015, with the goal to use a combination of data science and machine learning to create alpha investment strategies. Source: financemagnates.com

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News 

Germany February Ifo business climate index 98.5 vs 98.9 expected

“A measure of business conditions and sentiment/expectations towards the German economy” reports forexlive.com. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.Economic sentiment continues to dwindle and that’s reflective of the dark rain clouds that have been hanging over the German economy since last year. Not a major release by any means but this will continue to underscore weaker sentiment towards the Eurozone economy as a whole, and in turn the euro. Source: forexlive.com

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News 

Insurance Company Using AI to Determine Fault in Car Accidents

“To create the new AI system, the insurance company teamed with Yokohama based image analysis specialist Genext” reports yellrobot.com. Because it takes out the on-site investigation and negotiations between both parties, the AI system will also allow the insurance company to process claims and payouts much quicker.The AI will also look at data on past accidents to compute each parties possible fault percentage. Source: yellrobot.com

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Crypto News Platforms 

New Platform Converts Crypto to Fiat Without Know Your Customer Requirements

“Cryptocurrency wallet MyEtherWallet (MEW) in collaboration with crypto finance firm Bity are releasing a platform to convert cryptocurrency to fiat without Know Your Customer (KYC) requirements” writes Ana Alexandre for cointelegraph.com. Businesses can assess whether their clients are involved in illegal activities like money laundering or corruption.Enhanced privacy and anonymity of cryptocurrencies have always been linked by the governments and regulators to illicit activities and the possibility of money laundering.To use so called “Exit-to-Fiat” option, customers have to choose the target digital and fiat currencies in the wallet dashboard. This…

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News 

Marriott hack spurs tightening of California data-security laws

“There is a real danger when our personal information is not protected by those we trust,” Levine, the California lawmaker, said Thursday” reports washingtonexaminer.com. Since 2005, some 9,000 data breaches affecting 11.5 billion records have been reported in the U.S. alone, he said.”While sharing some personal identification information can make e-commerce and travel more convenient, data breaches are becoming all too common in our nation.”. Now, one of the latest and largest cases — the pilfering of 327 million guest records including passport information from the Starwood Hotels chain acquired…

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News 

Google AI technique reduces speech recognition errors by 29%

“To narrow the gap, scientists at Google and the University of California propose an approach that taps a spelling correction model trained on text-only data” writes Kyle Wiggers for venturebeat.com. Then, they “taught” the spelling corrector to correct potential errors made by the recognizer by feeding it those pairs.State-of-the-art models like EdgeSpeechNet, which was detailed in a research paper late last year, are capable of achieving about 97 percent accuracy. Source: venturebeat.com

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