Deutsche Monetary institution shrinks and restructures

“THE MOST fundamental transformation of Deutsche Bank in decades.” So Christian Sewing, the chief executive, described his plan, unveiled on July 7th, to revive the chronically ailing German lender. Deutsche is pruning its investment bank hard, quitting the trading of shares altogether and paring back its bond-trading operations. Costs will be cut by €6bn ($6.7bn)…

Why the house bustle is coming spherical again

Explanations include better data, steroids and a “juiced” ballSOME SAY it was the season that saved baseball. In 1998 Mark McGwire, a first baseman for the St Louis Cardinals, and Sammy Sosa, a right-fielder for the Chicago Cubs, raced to break the single-season home run record of 61 set by Roger Maris of the New…

Kyriakos Mitsotakis sweeps to victory in Greece

GREECE’S CENTRE-RIGHT New Democracy party (ND) comfortably won a snap general election on July 7th, capturing 39.9% of the vote to 31.5% for the left-wing Syriza party of Alexis Tsipras, the current prime minister.The result fell short of the sweeping victory for ND predicted by some pollsters, but gives the conservatives a workable overall majority…

BMW tries to expose a corner—and loses its boss

IN THE GRAND finale of #NEXTgen, an event held last month at BMW’s headquarters in Munich to show off the German carmaker’s vision for the future of mobility, Harald Krüger, its boss, unveiled the Vision dc Roadster. The staid 53-year-old mounted the futuristic, angular motorbike as if he were ready to ride off into the…

The absurd language former by job adverts

THERE IS an old Army joke about a sergeant-major who asks his platoon whether any of them are interested in music. When four hands go up, the sergeant says “Right, lads. You can carry this grand piano down to the officers’ mess.”Job recruitment has become more sophisticated since that story first did the rounds. Today’s…

DeepMind games—machine intelligence’s next drag

Our weekly podcast on the science and technology making the newsTHE CHILD chess prodigy who created a computer that outplays human grandmasters—Demis Hassabis, founder of DeepMind—explains how games are a testing ground for algorithms and what real-world challenges he hopes to tackle with artificial intelligence. And, what can AlphaZero, the game-playing computer, teach human players?…