Business

Skidmore, Owings and Merrill LLP (SOM) has just unveiled details of the first phase for the expansion and redevelopment of three business districts in China's capital city, Beijing. Key to the success of the project is the installation of a Central Park area which will help to heat and cool energy efficient buildings in the Dawangjing District by geothermal exchange instead of relying on energy-intensive cooling towers.  Read More

It's a universal problem - one you may be surprised to hear we still face in today's technological age: you send me an invoice with your software, my software can't read it so I waste time and money interpreting it. iSOCO promises to change all that with its new prototype i20nt. This system aspires to become the first to exchange electronic invoices between companies transparently and regardless of their originating format and system, saving up to 30% of the total invoice processing costs.  Read More

The South Korean Supreme Court has ruled that the virtual “cyber money” used in online games can legally be exchanged for actual cash here in the real world. The ruling means that players of online games can sell their in-game currency to other players for real-world money. It also means that the South Korean government is going to tax the proceeds of those sales.  Read More

Despite (or because of) the global financial crisis, a survey by global management consulting firm Booz & Company has shown that the top 1,000 public corporate research and development spenders increased their outlay in 2008. While sales were up only 6.5 percent, R&D expenditure rose 5.7 percent to US$532 billion with leading companies recognizing the importance of focusing on R&D in order to take advantage of competitors in the coming upturn. As Booz & Company Partner Barry Jaruzelski succinctly puts it: “Reducing efforts on innovation would be similar to unilateral disarmament in wartime.”  Read More

We have already seen the humble shipping container take on many guises ranging from pop-up hotel rooms to relocatable homes. Here to “cater” for the entrepreneur on the move is the Müvbox portable restaurant. This compact and mobile unit uncovers a fully operational kitchen in around 90 seconds at the touch of a button, and brings an eco-friendly ethos to the table to boot.  Read More

Pilots, the military and emergency services have been using simulations for years to teach skills in a risk-free environment where otherwise lives might be lost. Video gaming isn’t new either - the CEOs of many of today’s big names such as Yahoo and Google grew up on a diet of avatars and role-playing. But it’s only recently that business simulators and advanced video gaming have merged to form ‘serious games’ like IBM's Innov8. IBM has announced v.2, a new version that helps students and professionals hone their business and technology skills in a compelling, familiar video game format.  Read More