Business
Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm's cryptocurrency that devastated retail investors around the world, the European ...
Mar 23, 2023
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8
Business
Search giant Baidu's lackluster unveiling of its chatbot exposed gaps in China's race to rival ChatGPT, as censorship and a US squeeze on chip imports have hamstrung the country's artificial intelligence ambitions.
Mar 22, 2023
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8
Consumer & Gadgets
The social media app TikTok has been a focus for concerns that the Chinese government could access data on individual users. Whether the app poses a security risk remains unclear, but TikTok has now been banned from government ...
Mar 21, 2023
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Business
Deliveroo reduced net losses last year on cost-cutting, while revenues rallied on higher pricing in the face of soaring global inflation, the international food delivery app said Thursday.
Mar 16, 2023
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36
Business
Saudi Arabia's new national airline plans more aircraft orders as it prepares to operate its first flights in early 2025, its CEO told AFP on Wednesday.
Mar 15, 2023
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15
Business
As the Federal Reserve seeks to calm financial markets following the collapse of Silicon Valley Bank, the cryptocurrency market is showing signs of resilience despite links to the crisis.
Mar 14, 2023
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4
Business
Two Saudi airlines will purchase 78 Boeing 787 Dreamliner planes under agreements announced Tuesday in a giant order that underlines Saudi Arabia's goal to remake itself as a global aviation hub.
Mar 14, 2023
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5
Energy & Green Tech
Costa Rica, a country where open pit mining is banned, has become a leader in the extraction of heavy metals such as lithium—not from the Earth, but old batteries.
Mar 13, 2023
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17
German software giant SAP said Monday it has sold its American subsidiary Qualtrics to a consortium led by US and Canadian investment firms for $7.7 billion.
Mar 13, 2023
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Business
The Swiss city of Lucerne voted Sunday to limit short-term rentals, including on the Airbnb platform, to a maximum of 90 days a year.
Mar 13, 2023
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5
A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded. Some examples include local farmers’ markets held in town squares or parking lots, shopping centers and shopping malls, international currency and commodity markets, legally created markets such as for pollution permits, and illegal markets such as the market for illicit drugs.
In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price. This influence is a major study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. There are two roles in markets, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any tradable item to be evaluated and priced. A market emerges more or less spontaneously or is constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.
The historical origin of markets is the physical marketplaces which would often develop into small communities, towns and cities.[citation needed]
This text uses material from Wikipedia, licensed under CC BY-SA
