Energy & Green Tech

Arctic cold 'no sweat' for electric cars in Norway

Norwegian electric car owners have a word for the way they feel when they look nervously at their battery indicators while driving in subfreezing weather: "rekkevideangst", or "range anxiety".

Business

Microsoft to cut staff again: reports

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday.

Business

Amazon to cut more than 18,000 jobs, CEO says

Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact the online retail giant had "hired rapidly" during the pandemic.

Energy & Green Tech

Want to save carbon and land? Study suggests wooden cities

Housing people in homes made from wood instead of steel and concrete could save more than 100 billion metric tons of carbon emissions while preserving enough cropland to feed a booming population, research suggested Tuesday.

Electronics & Semiconductors

Congress OKs bill to aid computer chip firms, counter China

The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, ...

Engineering

Students break new ground in Hyperloop challenge

Imagine living in a city in the distant (or maybe not-so-distant) future: You need to make an appointment across town, so you step into a pod in an underground tunnel. From there, you're whizzed at breakneck speeds through ...

Business

IMF predicts worst Mideast downturn in half century

The IMF Monday again sharply lowered its Middle East and North Africa economic forecast, to its lowest level in 50 years, over the "twin shock" of the coronavirus pandemic and low oil prices.

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Budget

A budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.

In summary, the purpose of budgeting is to:

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