There used to be a day when applying for a mortgage was dead-on nerve-wrecking. The tighten-up, 50-something banker in a dark dress looked over the desk at the diminishing applicant with the eyes of a head-principal. No? Yes? No? Maybe. The sound of paper. The keyboard. A claustrophobic room.
If the computer said yes, you’re in heaven. Dreams will become true (as soon as stacks of papers difficult to understand has been processed and signed). If the computer said no…
At a closed meeting, the Prime Minister Göran Persson simply put his finger in the air and estimated the future cost of replacing the ten Swedish nuclear power stations to be €100 bn. Today, 15 years later that estimation of cost for electricity produced still holds, regardless if it will be nuclear, hydropower, wind power or any other combination of electricity production that will replace current Swedish nuclear power stations.
Excuse the heading but that’s how it feels. During the early years of internet in the mid-late 1990’s Yahoo was quite something. Together with Netscape it was the world’s new and hot user-friendly web directory used to access the internet, and it had come to market with a really cool name. To many, Yahoo and Netscape was the iconic entry doors to an entirely new world. The internet.
Only a year ago anyone wanting to set up a meeting on BitCoin with a major bank would have received a hand colder than the absolute subzero freezing point. Today not only banks but also venture capitalists and entrepreneurs are flocking around the pound like Canadian gooses, loudly advocating their presence and showing off their feathers.
The machinery and equipment manufacturing industry is Germany’s second largest industry by level of turnover; attaining €212 billion in 2014. More interestingly the turnover level has increased by about 70% throughout the last decade while employment is not at all increasing at the same rate.
King shareholders has just recently been offered a whopping $5.9 billion for this Stockholm based unicorn. Activision Blizzard, the French owned U.S. video gaming company behind games like World of Warcraft and Call of Duty seemingly has decided it need to go mobile.
GE’s CEO Jeff Immelt recently stated in a post in the Business Insider UK: “Let’s finally end the debate over whether we are in a “tech bubble. There has been talk of a bubble going back to 2011 and it continues to rage today.
Not all businesses have been exported to Asia and taken over by the Chinese, the Philippines or the Taiwanese. Europe still has an exuberant small- and mid-size engineering and manufacturing industry, often family owned. Some are highly specialist making parts for larger companies, some have more complexed and integrated products and system deliveries.