Finance & Policy NA

US government to focus on innovative technologies to drive economic growth

The US government has announced that it is set to refocus its efforts on examining ways in which it can help speed up the process of taking new technologies to the marketplace. The Trump administration has announced its intentions to bring together a group of drone makers, wireless companies and venture capitalists to explore practices that will enable the commercialization of these technologies in a much more streamlined fashion.

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Facebook CEO calls for a universal basic income

Founder and chief executive of social media giant Facebook, Mark Zuckerberg, has suggested there should be a universal basic income for all people. This would allow people in society to take more risks, he said, allowing people more freedom to execute new ideas and business ventures, with the confidence that they won't go without basic things needed to live.

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Apple faces dilemma as cash holdings surpass entire economic output of Chile

US tech giants Apple are the victims of its own incredible success, following a quarterly report which indicated its cash holdings, the vast majority of which is held overseas has surpassed the entire economic  out-put of Chile. Apple's stockpile of cash has reached a staggering $256.8 billion, and has sparked debate over what the technology leaders should do with such massive cash reserves.

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ITU Focus Group ‘exceeds expectations’ with delivery of 85 policy recommendations on Digital Financial Inclusion

The key findings and policy recommendations made by the ITU Focus Group on Digital Financial Services following the conclusion of its extensive two-year consultation process have been hailed by stakeholders across the ICT and financial-services sectors as an 'incredible success'. The ITU Focus Group presented its 85 'policy recommendations' at a workshop entitled 'Digital Financial Services and Financial Inclusion' hosted by the World Bank in Washington D.C. on 19 April.

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