Twitter Inc said it bought social data provider Gnip to provide enhanced data analytics capabilities to its business customers. Twitter did not disclose the price it paid for Gnip. "Together we plan to offer more sophisticated data sets and better data enrichments, so that even more developers and businesses big and small around the world can drive innovation using the unique content that is shared on Twitter," the microblogging company said in a blog. Founded in 2008, Gnip has a four-year-old partnership with Twitter and helps companies analyze data across every public tweet. Gnip also has partnerships with other social media companies such as Tumblr, WordPress, Foursquare, Disqus, IntenseDebate, StockTwits and GetGlue. Twitter's shares were little changed at $41.02 in late morning trading on the New York Stock Exchange. Source: Hindustan Times
Twitter buys social data provider Gnip
How London lost its financial crown to New York
NEW YORK has overtaken London as the world's leading financial centre for the first time since 2007, according to the influential Global Financial Centres Index.
The Big Apple's lead is small, reports the FT. However, it reflects the fact that the City's reputation has been undermined by several problems, said Mark Yeandle of Z/Yen Group, which compiled the index. And he warned that these issues have now reached "tipping point". Political uncertainty: Many of the survey's 3,246 respondents were exercised by the question of Britain's place in Europe, ahead of a possible referendum, as well as the uncertainty posed by the Scottish independence vote. Both have heightened concerns about the long-term stability and structure of the UK. Scandals: London has been hit harder than
Political uncertainty in the UK, City scandals and restricted bonuses have all damaged the capital
other centres by the Libor and Forex rigging scandals because of its larger market share. Domestic imbroglios, like the combined £20bn compensation payouts made by UK banks for PPI mis-selling, have contributed to a damaging "drip-feed" effect. There are concerns that the resulting "regulatory creep" could stifle the City's entrepreneurialism. Bonuses: The continuing crackdown on bankers' bonuses is making financial centres like New York, Singapore and Hong Kong, where pay is less constrained, more attractive as places to work. A version of this article appears in the 22 March 2014 edition of The Week · For further concise, balanced comment and analysis on the week's news, try The Week magazine. Subscribe today and get 6 issues completely free. Source: The Week UK,
BMW to offer first electric vehicle
Bayerische Motoren Werke AG, better known to most of us as BMW, will unveiled its first electric vehicle, the i3 compact, at simultaneous events in New York, London and Beijing on 29 July. The EV, which the Munich-based luxury-car maker will begin selling in Germany in November, will cost €34.950 ($46,000). Buyers in the US will also have to pay a $925 transport fee for the car. The company said the body of the i3 will be made from carbon-fiber-reinforced plastic, which will sit atop a chassis made of aluminum. According to BMW, the i3 is capable of 170BHP and is said to have a range between 80 and 100 miles from a single , Source: Article, Source: Image
