Microsoft to invest $1 bln in Poland cloud
Microsoft on Tuesday announced it would invest one billion dollars in Poland to expand its operations, including the creation of a new regional cloud-computing data hub.
May 5, 2020
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Microsoft on Tuesday announced it would invest one billion dollars in Poland to expand its operations, including the creation of a new regional cloud-computing data hub.
May 5, 2020
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The lockdown gripping much of the world economy has spurred a real-time stress test of the long-heralded digital future.
Apr 15, 2020
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Some Japanese office workers are facing a small, but insurmountable hurdle to staying home under the state of emergency declared in parts of the country over the virus: personal signature stamps.
Apr 12, 2020
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Samsung Electronics expects higher first-quarter profits, it said Tuesday, as millions of people working from home in coronavirus lockdowns turn to cloud data services, pushing up demand for its chips.
Apr 7, 2020
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Grocery delivery service Instacart on Monday announced plans to double the ranks of "shoppers" who fill orders in North America as people hunker down to reduce coronavirus risk.
Mar 23, 2020
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Netflix and YouTube will reduce the default image quality of streaming video in Europe to ease pressure on the internet, the firms said Friday, as demand soars with millions confined to their homes over coronavirus fears.
Mar 20, 2020
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The European Union on Wednesday urged online media platforms to stream movies and entertainment in standard rather than high definition to relieve pressure on the internet during the coronavirus epidemic.
Mar 18, 2020
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France's top civil court dealt ride-hailing giant Uber a setback on Wednesday with a key ruling that it had effectively employed one of its drivers.
Mar 4, 2020
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Taiwanese tech giant and iPhone assembler Foxconn said Tuesday its Chinese factories are operating at 50 percent of seasonal capacity and are expecting to take a hit for the current quarter due to the coronavirus outbreak.
Mar 3, 2020
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The digital economy has been getting a lot of attention, with increasingly strong headlines offering apocalyptic as well as breathtakingly exciting scenarios. Some warn of job losses due to automation, some wonder at the ...
Jan 24, 2020
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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.
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