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Best Places in the World for doing Business
Singapore is the most “business-friendly” economy in the world, according to the latest assessment from the World Bank. Singapore, which also took the top ranking in last year’s report, has the shortest commercial dispute resolution time in the world at just 150 days; costs total 25.8 percent of the value of each claim. Singapore also scored the highest on the quality of the judicial process. In 2014, Singapore implemented a new electronic litigation system that allows litiga
Warren Buffett says that self-driving cars will be bad for insurance companies
Warren Buffett — chairman and CEO of global conglomerate Berkshire Hathaway and one of the wealthiest people in the world — hauls in a good deal of revenue from Berkshire-owned auto insurer Geico. But in the long term, Buffett thinks, insurers like Geico are going to be bringing in less money as self-driving cars start to take over. Appearing on CNBC this morning, Buffett had this to say when asked if autonomous driving would be "an issue" for the auto insurance industry: "Th
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