BUSINESS & ECONOMICS EDITOR'S PICK The Comeback Of China’s Tech Billionaires: A New Dawn Or Controlled Market? Key Takeaway: Pony Ma, co-founder of Tencent Holdings, has regained the title of China’s richest individual with a net worth of over A$65 billion. His rise reflects Beijing’s control over its private sector, which aligns with the state’s goals in China’s unique “socialist market economy.” Tencent’s success, including the AAA video game “Black Myth: Wukong,” […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK Rethinking Wealth: Why GDP Isn’t Enough Key Takeaway: Inclusive wealth, a concept that includes not just economic output but also natural resources, human skills, and social networks, is gaining traction among international institutions like the World Bank and the United Nations Environment Programme (UNEP). This broader measure of a nation’s well-being aims to address the limitations of GDP, which focuses only […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SOCIOLOGY Why Profit Alone Won’t Save Us Key Takeaway: A study by researchers has found that companies can make a difference without sacrificing financial performance by integrating social and environmental concerns into their business strategies. This approach, known as “social profit orientation,” places equal value on financial profits and positive social outcomes. Companies like Mastercard’s Girls4Tech initiative and World Central Kitchen’s Food […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK Reviving State Power: The New Era of Industrial Policy Key Takeaway: State intervention in global economics is gaining momentum, particularly since the 2010s, due to financial crises, geopolitical tensions, and the fragility of global supply chains. The relationship between exports and protectionism is complex, as successful industrial and trade policies often blend export promotion with elements of protectionism. South Korea and Taiwan have used […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Brewing Storm In The Coffee Industry Key Takeaway: The coffee industry is facing a potential reckoning as rising prices threaten to slow its expansion. Giuseppe Lavazza, the head of the iconic Italian coffee brand, suggests that consumers in the U.S. might see prices increase by 20%-25% over the next year. The price of a latte or flat white is becoming pricier, […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK FINANCE Why Crypto Crashed Key Takeaway: Japan’s stock market plunged 12% on August 5, marking its worst day in 37 years. The fall was triggered by fears of a US economy slowdown, with the Nasdaq index dropping over 6% and the S&P 500 dipping by 4.25%. The US Federal Reserve’s chairman, Jerome Powell, suggested an interest rate cut in […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK STRATEGY The Business Impact Of Reduced Marketing Key Takeaway: A study published in The Journal of Marketing suggests that businesses often cut their marketing budgets for short-term savings, but these cuts can cause long-term problems. The study gathered transcripts of nearly 25,000 earnings calls held by public companies from 2008 to 2019. The more earnings-oriented language in the calls, the more likely […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK Boeing: Are Businesses Too Big To Fail? Key Takeaway: Alaska Airlines flight 1282 nearly fell out of the sky after losing a door plug, following two similar 737 Max plane crashes in 2018 and 2019. Boeing was charged with conspiracy to defraud regulators in 2021, but the US government agreed not to prosecute the company if it promised to pay a criminal […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE Is Fusion Power Our Future? Key Takeaway: Nuclear fusion could be a promising solution to climate change and energy security issues, as it offers a clean, abundant, and safe energy source. However, the technology’s realisation may come into tension with the issues it aims to solve. The technology’s appeal may mask deeper ethical questions, such as environmental sustainability and the […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE How Does Space Change Astronaut Biology? Key Takeaway: Astronauts are experiencing a new era of human spaceflight, with longer missions ranging from minutes to months. As humanity looks to return to the Moon over the coming decade, space exploration missions will be longer, with more space travelers and tourists. Researchers in space health are seeking to better understand the human health […] Saving Bookmark this article Bookmarked
How DeepSeek Is Changing The Game Key Takeaway: DeepSeek, a Chinese AI lab, disrupted the artificial intelligence industry by developing a model rivaling OpenAI’s ChatGPT-4 at a fraction of the cost. Founded by a former hedge fund manager, DeepSeek focused on efficiency and optimized algorithms for less powerful hardware. The company’s open-source approach has forced Chinese competitors to lower their own […] Written by Empirics Asia February 5, 2025February 5, 2025 Saving Bookmark this article Bookmarked
How Will Quantum Computers Be Used? Key Takeaway: Quantum computing, a groundbreaking idea over 40 years ago, aims to process information using quantum mechanics. Qubits, which can embody 0, 1, or a blend of both, enable quantum systems to explore vast arrays of solutions simultaneously. Quantum entanglement, a phenomenon where qubits become intertwined, allows quantum computers to perform intricate calculations that […] Written by Empirics Asia February 4, 2025February 4, 2025 Saving Bookmark this article Bookmarked
How Ultra-Fast Science Will Transform Our Future Key Takeaway: Attosecond science, a field that earned the Nobel Prize in Physics in 2023, uses ultra-short laser pulses to observe and manipulate matter on timescales previously thought impossible. This breakthrough has implications across various sectors, including computing, renewable energy, medicine, and beyond. Attosecond science harnesses the energy of laser light to emit rapidly moving […] Written by Empirics Asia January 22, 2025January 22, 2025 Saving Bookmark this article Bookmarked
The Hidden Science Behind The Sky’s Colour Key Takeaway: The blue sky is a result of Rayleigh scattering, a process where shorter wavelengths of light scatter more than longer wavelengths. The atmosphere is composed of nitrogen and oxygen molecules, which interact with sunlight to create a spectrum of colors. This scattering process, which is governed by physics and chemistry, is the primary […] Written by Empirics Asia January 21, 2025January 21, 2025 Saving Bookmark this article Bookmarked
How Korea’s Cultural Revolution Is Shaping The World Key Takeaway: South Korea’s cultural exports have surged to unprecedented heights, with the latest season of “Squid Game” solidifying its position as a global entertainment powerhouse. The “Korean Wave” or Hallyu, which includes TV series, movies, animation, and music, has generated approximately US$3.7 billion annually for South Korea through exports, consumer spending, and tourism. The […] Written by Empirics Asia January 20, 2025January 20, 2025 Saving Bookmark this article Bookmarked
The Existence Of Extraterrestrial Life Key Takeaway: A study published in Nature Astronomy found a strong consensus among scientists that extraterrestrial life exists in the universe. The survey, which involved 521 astrobiologists and 534 non-astrobiologists, found that 86.6% agreed or strongly agreed that some form of extraterrestrial life exists. The study also found that 67.4% of astrobiologists and 58.2% of […] Written by Empirics Asia January 16, 2025January 16, 2025 Saving Bookmark this article Bookmarked
The Rise Of Virtual Microbes? Key Takeaway: Researchers are using genome-scale metabolic models (GEMs) to study the complexities of microbial life, offering innovative solutions to climate change and space challenges. GEMs simulate the vast network of metabolic pathways within living organisms, allowing scientists to test and predict microbial behavior across diverse environments. They provide a detailed framework for understanding organisms’ […] Written by Empirics Asia January 15, 2025January 15, 2025 Saving Bookmark this article Bookmarked
Rethinking Education Key Takeaways: The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. In his writing, Flynn illustrates study after study, spanning nations and decades, in which modern educational gift of abstraction — a transcendent sign of intelligence, as we saw in Raven’s Matrices — has been […] Written by Anthony Fieldman March 2, 2022October 19, 2022 Saving Bookmark this article Bookmarked
How China Is Transforming Its Economy Through Learning I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […] Written by Enrique Dans February 1, 2021February 1, 2021 Saving Bookmark this article Bookmarked
Why You’re Not Seeing Success With Influencer Marketing With the new year around the corner, now is a good time to re-evaluate your past marketing strategies and gear up for the year ahead. For some businesses, influencer marketing has simply not seemed to live up to its lofty promises of genuine engagement, credibility, and transparency. Some have claimed that it has been failing […] Written by Michael Tan January 14, 2021January 15, 2021 Saving Bookmark this article Bookmarked
A New Philosophy of Business I’m about to ask you to take a mental leap. For the next 8 minutes, suspend your notions of what a business is, and I’ll propose a new lens for you to look through. There are a lot of questions asked around what “community” means for business. “Where should community fit in my organization?” and […] Written by Empirics Asia September 5, 2018September 5, 2018 Saving Bookmark this article Bookmarked