EU's tech 'sheriff' sounds disinfo alarm with Musk, Zuckerberg
Brussels is demanding that X and Meta crack down on disinformation, as fake and misleading online posts proliferate in the wake of Hamas's deadly assault in Israel.
Oct 11, 2023
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Brussels is demanding that X and Meta crack down on disinformation, as fake and misleading online posts proliferate in the wake of Hamas's deadly assault in Israel.
Oct 11, 2023
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Three big companies in the gig economy—Uber, Doordash and Grubhub—lost a court battle Thursday in New York after a judge upheld a new minimum wage for app-based food delivery workers who became essential during the pandemic.
Sep 29, 2023
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Meta CEO Mark Zuckerberg kicked off the tech giant's Connect developer conference on Wednesday with a focus on virtual and augmented reality and artificial intelligence
Sep 27, 2023
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Chinese e-commerce giant Alibaba said Tuesday it intends to spin off its logistics arm Cainiao through an initial public offering in Hong Kong as the firm undergoes a massive restructuring.
Sep 26, 2023
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The same Ohio river valley where the Wright brothers pioneered human flight will soon be manufacturing cutting-edge electric planes that take off and land vertically, under an agreement announced Monday between the state ...
Sep 18, 2023
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For the first time, world demand for oil, gas and coal is forecast to peak this decade due to the "spectacular" growth of cleaner energy technologies and electric cars, the International Energy Agency's chief said Tuesday.
Sep 12, 2023
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The world's third-largest contract chipmaker GlobalFoundries opened a $4 billion manufacturing plant in Singapore on Tuesday as part of a global expansion to help ease an industry supply crunch.
Sep 12, 2023
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The UK's renewable energy sector is well placed to take advantage of the expected boom in floating offshore wind technology, a new study suggests.
Sep 8, 2023
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Scientists from Nanyang Technological University, Singapore (NTU Singapore) have devised an efficient method of recovering high-purity silicon from expired solar panels to produce lithium-ion batteries that could help meet ...
Sep 7, 2023
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Two years ago, El Salvador shrugged off a chorus of warnings and adopted Bitcoin as legal tender in a bid to revitalize its economy and improve access to financial services.
Sep 7, 2023
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An economy (or "the economy") is the realized economic system of a country or other area. It includes the production, exchange, distribution, and consumption of goods and services of that area. The study of different types and examples of economies is the subject of economic systems. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, among other factors. These factors give context, content, and set the conditions and parameters in which an economy functions.
Today the range of fields of study exploring, registering and describing the economy or a part of it, include social sciences such as economics, as well as branches of history (economic history) or geography (economic geography). Practical fields directly related to the human activities involving production, distribution, exchange, and consumption of goods and services as a whole, range from engineering to management and business administration to applied science to finance. All kind of professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving and investment are core variable components in the economy and determine market equilibrium. There are three main sectors of economic activity: primary, secondary and tertiary.
The word "economy" can be traced back to the Greek word "one who manages a household", derived from οἴκος, "house", and νέμω, "distribute (especially, manage)". From οἰκονόμος "of a household or family" but also senses such as "thrift", "direction", "administration", "arrangement", and "public revenue of a state". The first recorded sense of the word "economy", found in a work possibly composed in 1440, is "the management of economic affairs", in this case, of a monastery. Economy is later recorded in other senses shared by οἰκονομία in Greek, including "thrift" and "administration". The most frequently used current sense, "the economic system of a country or an area", seems not to have developed until the 19th or 20th century.
This text uses material from Wikipedia, licensed under CC BY-SA