The black swan theory is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The theory was developed by Nassim Nicholas Taleb.
Deutsche Bank accidentally sent $35 Billion to an exchange as part of its daily dealings in derivatives, according to a person familiar with the matter. […]
In 2015 Forbes named Elizabeth Holmes (32), the founder of blood testing company Theranos, as the world’s youngest self-made female billionaire. But now her wealth […]
It has become a favorite pastime among investors and company executives to speculate: who will be the first trillion-dollar company? During the dot-com-crazed 1990s, Cisco […]
A unicorn is a private startup technology firm valued at $1 billion or more. Once rare, such companies have proliferated in the last few years. […]
„There’s likely to be another Dark Ages,” Elon Musk (SpaceX) said in an interview at South by Southwest in Austin. The three most important global […]
Nearly seven years after a powerful tsunami caused catastrophic damage to Japan’s Fukushima Daiichi nuclear-power plant (TEPCO), the clean-up and recovery is still ongoing… Waves […]
Chinesische Beteiligungsgesellschaften wie die HNA Group haben in ihrem Expansionsdrang gewaltige Schuldenblasen aufgepumpt. Ohne Minderheitsanteile macht das Eigenkapital des 400-Milliarden-Dollar Unternehmens nur ein Fünftel der […]
A century after the „Spanish flu“ pandemic of 1918 left millions dead, this season has been the worst in a decade. Public Health England announced […]
On Friday the 13th of April 2029, an asteroid large enough to fill the Rose Bowl will fly so close to Earth, that it will […]
Scientists say the Earth’s magnetic field could be about to flip upside down. During the thousand years it will take for this change to complete, […]
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