Japanese workers devoting themselves to working massively long hours for their employers might be becoming a thing of the past.
Nearly half of newly employed people said they would leave the office when their work was done even if their superiors or colleagues were working overtime, according to a survey released Monday.
Amazon Japan aims to build a team of 10,000 independent couriers in the Tokyo region by 2020 to continue offering same-day delivery service without relying on major parcel delivery companies.
Amazon swooped in to buy the high-end grocer Whole Foods on Friday, paying $13.7 billion, or $42 a share—a healthy 27% premium on the previous day's closing price.
So what's in it for Amazon?
There are a couple of strategic plays at work for the online retail giant.
For starters, acquiring Whole Foods' 440 US stores—many of them in prime locations—could bolster the network for AmazonFresh, the company's grocery delivery service.
A growing number of companies are combining vacation and sick time into one bucket called "paid time off", or PTO. Employees will decide whether they're going to use the days for vacation, when they or a relative are ill, or for family events.
According to a report from World at Work, an association of human resources professionals, 51 per cent of private companies, including small and mid-size businesses, offered PTO last year.
Bitcoin is trading at another record high on Thursday. The cryptocurrency is up 4.59% at $1853.55 a coin after Ulmart, Russia's largest online retailer, said it would begin accepting bitcoin, Cryptocoin News says.
"[UK tech startup] Improbable is building breakthrough technologies that are becoming vital and valuable platforms for the global gaming industry," Deep Nishar, managing director of investments at SoftBank, said in a statement. Beyond gaming, Nishar said, SoftBank believed Improbable’s simulation technology could be used to help explore disease, improve cities, understand economies and solve other complex problems. Nishar is joining Improbable’s board.
The majority of affluent and high-net-worth individuals recognize the potential of robo-advisors and automated investment services to add value to their wealth management services.
Singularity—the point when machine intelligence surpasses our own and goes on to improve itself at an exponential rate—will happen by 2050, according to Masayoshi Son, the Japanese tech mogul leading SoftBank.
In 2017 he said: "I totally believe this concept. In the next 30 years, this will become a reality."
The falling cost of industrial robots will allow manufacturers to use them to replace more factory workers over the next decade while lowering labor costs, according to new research.
Robots now perform roughly 10 percent of manufacturing tasks that can be done by machines, according to the Boston Consulting Group. The management consulting firm projected that to rise to about 25 percent of such "automatable" tasks by 2025.
In turn, labor costs stand to drop by 16 percent on average globally over that time, according to the research.
According to Keith Rabois, a Khosla Ventures partner and former executive at LinkedIn, PayPal, and Square, areas that require human expert judgment, like healthcare and law, are most likely to see disruption in the coming years.
"One of the most interesting things we’ve noticed over the last decade is the ability of math and machines to replace human judgment, particularly expert judgment," Rabois said on Founder Calls, a new podcast run by Box CEO Aaron Levie.
In 2015, 85% of global GDP was generated in cities. Growing cities require substantial investments in infrastructure if they are to continue expanding at their present rate. It’s estimated that we will invest $78 trillion in global infrastructure over the next 10 years alone to accommodate this growth. New York, Beijing, Shanghai and London will need $8 trillion in infrastructure investments alone.
An amateur historian has unearthed compelling evidence that the first Australian maritime foray into Japanese waters was by convict pirates on an audacious escape from Tasmania almost two centuries ago.
Fresh translations of samurai accounts of a “barbarian” ship in 1830 give startling corroboration to a story modern scholars had long dismissed as convict fantasy: that a ragtag crew of criminals encountered a forbidden Japan at the height of its feudal isolation.
Faced with slack consumption and soul-searching over Japan’s notoriously poor work-life balance, the government is asking companies to allow their workers to leave at 3pm on the last Friday of the month.
The hope is that they will use those extra hours of freedom to shop, make an early start to their Friday libations or go on a weekend break.
In 2030, there will be more jobs than workers able to fill them in many of the world's largest economies, according to Boston Consulting Group senior partner Rainer Strack.
Instagram will see a double-digit user gain in Germany in 2017, according to eMarketer’s first-ever estimate for that social network’s use in the country, led by adoption by younger users.
But Facebook’s gains will slow to a trickle as user penetration for the country’s leading social network plateaus.
Instagram has enjoyed strong user growth in Germany in recent years, and that expansion will continue in 2017.
Algorithms can learn to collude.
Two law professors, Ariel Ezrachi of Oxford and Maurice E. Stucke of the University of Tennessee, have a working paper on how when computers get involved in pricing for goods and services (say, at Amazon or Uber), the potential for collusion is even greater than when humans are making the prices.
Across Beijing's historic alleyways known as hutongs, construction workers are knocking down local restaurants and bars to make way for new, bigger developments. The historic alleyways are seeing more and more corporate ventures moving in. This is apparently to restore the city to a type of grandeur, but many residents say it is invading their lives and that the "soul" of their community is being lost.
Airbnb plans to introduce a search tool designed for business travellers. The feature will allow professionals to filter homes and apartments that Airbnb has deemed Business Travel Ready.
To qualify, the dwelling must have a desk, Wi-Fi, self-check-in through a doorman or digital lock and various amenities you'd expect at a hotel, like free shampoo, a hairdryer and iron.
In 2016, the number of people using the site for business purposes tripled and is expected to quadruple this year, said David Holyoke, the head of Airbnb's business travel division.
In April 2017, economists at LSE looked at 51 studies of pay-for-performance plans, inside of companies. Here's what they said: "We find that financial incentives can result in a negative impact on overall performance."
Big Question: From Vladimir Putin's expansionist aims to the advances of Islamic State, the news is full of threats to global stability - but what do specialists in war studies think we should fear most?
