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The World's Greatest Fears

The World's Greatest Fears

Following last week's post about how crowd sourcing technologies helped indexed the various costs of livings across the world, we now present readers with the World's most feared subjects. Although lacking in clarity in which articulate information was sourced from, the infographic does provide a reasonable context to the subjects of the greatest repulsion. With the brutality of terrorist groups like IS now all apparent, fear has become a dominant subject across many maters as we progress into 2015.

We believe the gradual migration towards a risk-based rather than a reward-based mentality will continue, and should ultimately filter up into the decisions making processes of governments and shape the policies undertaken. In the business community however, fear still takes the back seat. Thankfully.

Crowd Sourced Global Cost Of Living

Crowd Sourced Global Cost Of Living

Imagine now that millions of end users constantly submitting individual prices of everyday items such as food, transportation fees, clothing and the like. Then imagine that this tidal wave of real-time data gets compiled and stored in a huge digital database where they are analyzed, disaggregated, and are connoted with some underlying logic.

Viola, a worldwide index of prices is now created and at our disposal with a few clicks of a mouse or taps on a screen. This global index of prices compares the cost of living across various places courtesy of those crowd-sourced data points that initially contributed to the data cloud. This was what Numbeo has precisely done.

Now, we take it one step further and depict that information through an eye-friendly infographic, courtesy of Visual Capitalist. A few outliers catch our eye. While Switzerland, Norway, Australia, The UK, and Singapore (our country) may have fallen into your list of expensive countries, countries such as Venezuela and Kuwait might have caught you off guarded on just how expensive they really are to live in - with the former experiencing some 64% hyperinflation at last check.

China's XiaoMi Trumps Uber As World's Most Valuable Tech Startup

China's XiaoMi Trumps Uber As World's Most Valuable Tech Startup

XiaoMi has done it again. After receiving a little over $1.1bn through a stock sale in a 5th bout of funding on 29 December 2014, the mobile phone maker is now valued by private investors at $46bn; this is $4.8bn higher than Uber, the runner up. XiaoMi is without question one of the most valuable tech companies in the world as the WSJ reports. It seems quite a handful of noteworthy investment names such as Singapore's very own GIC and Temasek Holdings, the former as Singapore's Sovereign Wealth Fund, are involved in XiaoMi's latest bout of funding.