Business

Lufthansa issues profit warning, launches 'turnaround'

German airline giant Lufthansa slashed its 2024 profit forecast Friday after a weak second quarter and launched a "turnaround" plan for its flagship carrier, which it warned might not break even.

Business

Chinese AI market optimistic despite scrutiny from West

China's AI sector showed confidence this week at a major fair in Shanghai that it would overcome restrictions imposed by the West, with companies rolling out cutting-edge products developed by a growing pool of young talent.

Business

Amazon cloud giant AWS wants public sector to embrace AI

Amazon's AWS, the world's biggest cloud computing outfit, is making a major push to entice the public sector to join the artificial intelligence revolution, as the generative AI race with Microsoft and Google heats up.

Business

Lufthansa to add environmental charge to fares

German airline giant Lufthansa said Tuesday it would add an environmental charge of up to 72 euros ($77) to fares in Europe to cover the cost of increasing EU climate regulations.

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Government

A government is the body within an organization that has the authority to make and enforce rules, laws and regulations.

Typically, the government refers to a civil government which can be either local, national, or international. However, commercial, academic, religious, or other formal organizations are also governed by internal bodies. Such bodies may be called boards of directors, managers, or governors or they may be known as the administration (as in schools) or councils of elders (as in churches).

Growth of an organization increases the complexity of its government, therefore small towns or small-to-medium privately-operated enterprises will have few officials compared to larger organizations such as multinational corporations which will have multiple interlocking, hierarchical layers of administration and governance. As complexity increases and the nature of governance becomes more complicated,so does the need for formal policies and procedures.

Public sector governance is studied as Public Administration while that in the private sector is studied as Business Administration.

The concept of government has been around since humanity itself where hunter-gatherers would commonly establish tribes high authority and have unique ideals. However, government is not limited to the human species itself as many animals establish groups such as ants, lions, and bees. Although, a common trait of animals, specifically mammals and colony insects are a social caste that may work in a governmental way.

This text uses material from Wikipedia, licensed under CC BY-SA