Interestingly, virtual money and the globalization of our economy is a field with depth and many publications refer to this topic. Particularly, the global economy cannot be stopped, unless we understand how to make everything by ourselves. But, as the latter is impossible, we must link our local economies to external competitive advantages of other countries and their economies.
In general, the future of an economy can be influenced by a wide range of factors, including fiscal and monetary policies, technological advancements, changes in demographics, global economic trends, and more.
A sanction is actually a penalty imposed by one country (or a group) on another, and it is used as a tool to stop the country acting aggressively or breaking international law. Sanctions are designed to hurt the economy in general and the finances of individual citizens of a given country. So, is Russia still in the global economic game?
Unemployment is not only a local issue of a given state. There are tens of millions of unfilled jobs right now worldwide. Thus, why there is unemployment? Why people are not able to find their next job? Is education the major problem for this situation? What about technology?
Russia’s president, Vladimir Putin (born 1952), launched an invasion of Ukraine on February 24, 2022. As the aftermath of the dramatic escalation of the Russo-Ukrainian War that began in 2014, this new war is the largest conventional military attack on European lands since World War II.
International Labor Organization (ILO) recently reported that the COVID-19 pandemic is having a catastrophic effect on working hours and earnings globally. The current crisis is expected to wipe out 6.7% of working hours across the world in the second quarter of 2020, which is equivalent to 195 million full-time workers.
With 505 votes in favor, 92 against, and 44 abstentions, European Parliament adopted new legislation on adequate minimum wages in the European Union (EU) on September 14, 2022. The minimum wage should ensure a decent standard of living, while EU rules must respect national wage-setting practices.
Bill Gates, born in Seattle, Washington, in 1955, is an American businessman, software developer, investor, and lately philanthropist. He is best known as the co-founder of Microsoft Corporation, ruling the universal computer world. Recently, on March 13, 2020, Microsoft announced Gates would be leaving Microsoft to dedicate his efforts in philanthropic endeavors such as climate change and global health.
According with the latest news release by Eurostat, the primary income per inhabitant in the European Union (EU) was 18,800 euros. Across EU NUTS 2 (Nomenclature of territorial units for statistics) regions, it ranged from 37,900 euros per inhabitant in Luxemburg to only 2,500 euros in Severozapaden (Bulgaria).
The role of Internet of Things (IoT) as a network of physical objects and devices (mechanical and digital machines) with unique identifiers (UIDs) that communicate and interact with each other via an internet connection without requiring human-to-human or human-to-computer interaction is quite critical. This technology allows devices to become integrated and increase business efficiency in various sectors, helping people on their daily activities.
