The internet provides people with access to multimedia communication tools, interactive processes for collaboration and participation as well as social platforms for sharing content or joining together to pursue a variety of causes. In recent years the internet has also developed from a predominantly passive entertainment medium into a serious platform for the economically and politically active. The internet has matured. Increasing online transparency ensures that thought-provoking topics generate their own momentum – depending on whether they strike a chord – spreading virally at breakneck speed and can thereby gain major relevance. [more]

With interest rates likely to remain at depressed levels for years to come in most developed banking markets, the focus is on the impact this may have on interest margins and banks’ net interest income. Historical data for the US shows that with a flattening of the yield curve, margins face significant pressure as long-term rates draw closer to short-term rates. This margin compression is exacerbated as funding costs approach the zero bound, while asset yields continue to fall. [more]

“...I expect global freight transport to grow further this year and next, which also means increases in sea freight and cargo handling in ports. In light of slightly weaker global economic activity, growth rates – as in 2011 – will fail to match the record increases achieved in 2010. However, robust global growth will probably help sea transport as a whole to grow by approximately 4% p.a. Probable drivers are China’s and other emerging markets’ appetite for commodities on the one hand, and a further, albeit in my opinion probably slower, integration of the world's economies and thus the globalisation of production processes on the other...“ [more]