The AIC Financial Blog

PAY WITH A SMILE

No cash, credit card, or smartphone? No problem. Just smile to pay. That’s now possible, in China, thanks to tech giant Alibaba’s new facial recognition system, live at a KFC restaurant in Hangzhou. After selecting a meal (healthy options available), customers can...

WEAK POUND PUTS TOURISTS ON THE GROUND

The first three months of 2017 saw a surge in the number of tourists visiting the UK, according to the Office for National Statistics. The rise in visits – almost 10% higher than in 2016 – has been attributed to the weakness of sterling. A weaker pound makes it...

EU SLAPS RECORD US$2.7BN FINE ON GOOGLE

Shares in Alphabet hit a blip after a record US$2.7bn fine was imposed on its subsidiary Google by the EU’s competition authority. European Commissioner Margarethe Vestager said Google had abused its dominance as a search engine to boost its own shopping comparison...

MAYHEM FOLLOWING UK ELECTION SHOCK

Two months after calling a snap general election in the hope of bolstering her parliamentary majority, UK Prime Minister Theresa May woke up on Friday with egg on her face. Having entered the campaign with a small majority, the Conservatives emerged without one at all...

GOLD MOVES QUIETLY HIGHER

Gold has been quietly rising in price, and enjoyed its fifth consecutive month of gains in May. The yellow metal, viewed by many investors as a ‘safe haven’ asset, has risen by some 12% since its December 2016 lows and now sits at US$1,265 per ounce. That said, it...

HOW BIG CAN A GIANT APPLE GROW?

HOW BIG CAN A GIANT APPLE GROW? Last week Apple reported a whopping US$52.9 billion of sales, and that’s just for one quarter. International revenues accounted for 65% of the total, and 63% came from the iPhone, way ahead of its Macs and iPads. Given its already giant...

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