Inside the race to train more workers in the chip-making capital of the world
Build the technology of the future. Protect the nation from attack. Buy a sports car.
Jun 10, 2024
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1
Electronics & Semiconductors
Build the technology of the future. Protect the nation from attack. Buy a sports car.
Jun 10, 2024
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Business
More executives are feeling better about the global economy, but a growing number don't think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology ...
Jan 15, 2024
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Business
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP.
Jan 15, 2024
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12
Energy & Green Tech
Production of natural rubber has claimed over 4 million hectares of forest in south-east Asia since 1993 according to a recent study. This destruction of tropical forest for rubber plantations is thought to be 2 to 3 times ...
Jan 12, 2024
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34
Internet
False and misleading information supercharged with cutting-edge artificial intelligence that threatens to erode democracy and polarize society is the top immediate risk to the global economy, the World Economic Forum said ...
Jan 10, 2024
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26
Security
The cyberattack that paralyzed several major Australian ports was a sharp reminder of what governments and experts say is a growing threat to shipping, the lifeblood of the global economy.
Nov 13, 2023
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1
Business
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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Energy & Green Tech
Researchers at the University of Kentucky Center for Applied Energy Research (CAER) have developed a method to turn Kentucky waste coal into valuable carbon products.
Sep 1, 2023
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5
Energy & Green Tech
Vast arrays of solar panels floating on calm seas near the Equator could provide effectively unlimited solar energy to densely populated countries in Southeast Asia and West Africa.
Aug 4, 2023
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23
Business
Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump.
Jul 27, 2023
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The world economy can be evaluated in various ways, depending on the model used, and this valuation can then be represented in various ways (for example, in 2006 US dollars). It is inseparable from the geography and ecology of Earth, and is therefore somewhat of a misnomer, since, while definitions and representations of the "world economy" vary widely, they must at a minimum exclude any consideration of resources or value based outside of the Earth. For example, while attempts could be made to calculate the value of currently unexploited mining opportunities in unclaimed territory in Antarctica, the same opportunities on Mars would not be considered a part of the world economy – even if currently exploited in some way – and could be considered of latent value only in the same way as uncreated intellectual property, such as a previously unconceived invention.
Beyond the minimum standard of concerning value in production, use, and exchange on the planet Earth, definitions, representations, models, and valuations of the world economy vary widely.
It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.
However, even in cases in which there is a clear and efficient market to establish a monetary value, economists do not typically use the current or official exchange rate to translate the monetary units of this market into a single unit for the world economy, since exchange rates typically do not closely reflect worldwide value, for example in cases where the volume or price of transactions is closely regulated by the government. Rather, market valuations in a local currency are typically translated to a single monetary unit using the idea of purchasing power. This is the method used below, which is used for estimating worldwide economic activity in terms of real US dollars. However, the world economy can be evaluated and expressed in many more ways. It is unclear, for example, how many of the world's 6.6 billion people have most of their economic activity reflected in these valuations.
This text uses material from Wikipedia, licensed under CC BY-SA