Tag: economic impact

Tourists Tame Their Shopaholic Ways, If They Even Come to the US

Tourists Tame Their Shopaholic Ways: International Visitor Spending Declines in the US In recent years, the United States has been a shopper’s paradise for international tourists, with its vast array of retail options ranging from iconic department stores to quaint boutique shops. However, a concerning trend has emerged as international visitor spending and arrivals in […]

Oracle and OpenAI to build giant data centre

Oracle and OpenAI Join Forces to Build Giant 4.5 GW Data Centre in Texas, Matching the Output of Two Hoover Dams In a groundbreaking collaboration that is set to revolutionize the world of data storage and processing, tech giants Oracle and OpenAI have announced their partnership to construct a colossal 4.5 GW data centre in […]

Russia spins up record-smashing nuclear centrifuge to turbocharge uranium processing 

Russia’s State Nuclear Corporation Rosatom Breaks Records with New Nuclear Centrifuge Technology Russia’s state nuclear corporation Rosatom, through its fuel division TVEL, has introduced a new tenth-generation nuclear centrifuge that is set to revolutionize uranium processing. This cutting-edge technology is poised to significantly enhance the efficiency and speed of nuclear fuel production, marking a significant […]

Report shows China outpacing the US and EU in AI research

China Outpacing the US and EU in AI Research: Implications for Global Geopolitics A recent research report has sent shockwaves through the global tech community by revealing that China is surging ahead of the United States and the European Union in the field of artificial intelligence (AI). The report’s findings have sounded a wake-up call […]

Amazon Prime Day Sales Plunge 41% in First Day of Four-Day Event

Amazon Prime Day Sales Plunge 41% in First Day of Four-Day Event Amazon Prime Day, the highly anticipated annual event known for its massive sales and deals, kicked off to a surprising start this year. The e-commerce giant saw a significant 41% plunge in sales during the first day of the four-day event, leaving both […]

After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector

After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector The recent imposition of a 35 percent tariff by the United States has sent shockwaves through Bangladesh’s garments sector, leaving many workers fearing for their jobs. This move not only threatens the country’s main export industry but also puts the livelihoods of millions […]

US plans 5,800-acre world’s largest energy campus to power 8 million homes

Fermi America: Pioneering the World’s Largest Energy Campus Fermi America, a Texas-based company co-founded by former U.S. Energy Secretary and Texas Governor Rick Perry, is setting the stage for a groundbreaking project that could revolutionize the energy sector. The company’s ambitious plan involves the development of a massive 5,800-acre energy campus, which is poised to […]

Meta backs 150 MW geothermal power plant in bid for 24/7 clean energy

Meta Backs 150 MW Geothermal Power Plant in Bid for 24/7 Clean Energy Meta has joined the growing list of tech giants turning to geothermal energy as part of their commitment to sustainability and reducing carbon emissions. The social media conglomerate has recently announced its backing of a 150-megawatt (MW) geothermal power plant, signaling a […]

Chinese Tourists Ramp Up European Summer Trips as Americans Cut Back

Chinese Tourists Boost European Summer Tourism While Americans Scale Back As the world slowly emerges from the shadows of the pandemic, the tourism industry is experiencing a shift in traveler dynamics. This summer, European destinations are set to welcome an influx of Chinese tourists, providing a much-needed boost to hoteliers and restaurateurs across the continent. […]

Wildfire smoke from climate change killed 15,000 Americans, caused $160 billion in losses: Study

Wildfire Smoke from Climate Change: A Silent Killer Claiming Lives and Billions Climate change isn’t just fueling more wildfires — it’s silently killing people. A new study has revealed the alarming impact of wildfire smoke on Americans, with an estimated 15,000 lives lost and a staggering $160 billion in economic losses. The findings shed light […]

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