While many European nations boast significant wealth , one country stands out. The UK is recognised as one of the wealthiest countries in Europe, yet it lags behind the leader of the pack. Germany officially holds the title of Europe's richest country, with an impressive GDP of $4.46 trillion in 2023. This figure surpasses the combined economies of the UK and Spain, which stand at $3.34 trillion and just over $1 trillion respectively. On a global scale, Germany ranks as the third-largest economy, trailing only the US and China. GDP, or Gross Domestic Product, serves as an indicator of a country's economic health and size over a specific period, typically a quarter or year. It's determined by summing up the monetary value of all final goods and services produced within a country's borders. Germany's robust economy is fuelled by a blend of manufacturing, innovation, and services. The nation is renowned for its exports, particularly cars, chemicals, and industrial machinery. However, Germany's economy isn't solely reliant on large industries; it also hosts the "Mittelstand" - a collection of small to medium-sized businesses, many of which are family-owned, reports the Express . These firms excel in their respective fields, earning the moniker "hidden champions" and accounting for nearly half of the global market leaders in their sectors. Germany's commitment to green energy has transformed it into a global sustainability frontrunner. The nation's significant investment in "Energiewende," or the energy transition, is now powering nearly half its electricity needs with renewables, earning it the status of being the world's first major renewable energy economy. Additionally, attracting investors with its central European location and a stellar reputation for research and innovation, Germany invests over 3% of its GDP in R&D, fuelling progress across various sectors including technology and eco-friendly power. Key financial centers such as Frankfurt, Berlin, and Munich aid economic activity, with Frankfurt notably housing the European Central Bank. Moreover, Germany holds a commanding presence in the trade fair industry, hosting two-thirds of the globe's premier events across cities like Cologne, Hanover, and Düsseldorf. Economic growth expectations predict a minor downturn in 2024 owing to decreased global demand, yet forecasts see a rebound from 2025 driven by rising wages and robust local spending.Former Prime Minister Manmohan Singh died at AIIMS Delhi on Thursday evening. He breathed his last at 9:51 pm at the age of 92. This came hours after he was admitted to the emergency department of the hospital. The veteran leader, who had faced health issues in the past, was taken to the hospital for urgent medical attention. The news of his demise was first confirmed by Robert Vadra who posted it on social media. Later, a medical bulletin was also released by AIIMS, confirming Singh's (adsbygoogle = window.adsbygoogle || []).push({}); death. Dr Singh retired from the Rajya Sabha in April this year, marking the conclusion of a distinguished parliamentary career. Congress president Mallikarjun Kharge had lauded Singh's contributions and outlined his key role in shaping modern India's economic landscape. As the finance minister in the PV Narasimha Rao-led government from 1991-1996, Singh spearheaded transformative economic reforms, steering India away from socialist-era policies toward a liberalized economy.(Reuters) – Dell Technologies missed Wall Street expectations for third-quarter revenue on Tuesday, weighed down by weaker demand for its traditional PCs and stiff competition from rival server makers. The company’s shares fell more than 5% to $134 in extended trading. Dell reported revenue of $24.37 billion in the quarter, compared with the average analyst estimate of $24.67 billion, according to data compiled by LSEG. Despite booming demand for Dell’s AI-optimized servers used to handle large AI workloads, its traditional PC segment has been facing stiff competition from rivals such as HP and weaker consumer spending amid an uncertain economy. Revenue from Dell’s client solutions group, which houses its PC business, came in at $12.13 billion, below expectations of $12.43 billion. “Interest in our portfolio is at an all-time high, driving record AI server orders demand of $3.6 billion in Q3 and a pipeline that grew more than 50%,” Dell’s Chief Operating Officer Jeff Clarke said on Tuesday. As Dell’s server revenue grows, investors are keenly eyeing the company’s costs after it flagged in May that higher expenses to build AI-heavy servers and competitive pricing would hurt its margins. The company is also betting on new AI PCs to boost its traditional computer business. Revenue from Dell’s infrastructure solutions group, which includes its AI servers, rose 34% to $11.37 billion, compared with estimates of $11.35 billion. The company’s servers and networking revenue for the third quarter jumped 58% to $7.36 billion, but missed estimates of $7.64 billion. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak Dasgupta) Disclaimer: This report is auto generated from the Reuters news service. 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Global Beta Smart Income ETF (NYSEARCA:GBDV) Trading Down 1.7% – What’s Next?In the rapidly evolving landscape of video gaming, virtual reality (VR) startups are taking center stage , promising to transform how players engage with digital worlds. 2023 has been a defining year, as new VR technology promises not only immersive gameplay but also unprecedented interactivity. Several innovative startups have emerged , offering unique insights into the future of gaming. Companies like Hologaze and NeonRealm are leveraging advanced VR headsets that provide players with stunningly realistic and interactive environments. These transformative experiences aim to blur the lines between reality and the virtual world, making traditional gaming setups a relic of the past. What makes these startups particularly exciting is their focus on social interaction within VR spaces . Unlike previous years, where solitary gameplay was the norm, the latest advancements enable gamers to connect, collaborate, and compete with others worldwide, all within the same virtual arena. This reimagining of multiplayer gaming is drawing significant investor interest, with funding for VR startups reaching unprecedented heights. However, this surge in innovation isn’t without its challenges. Concerns around accessibility, cost, and long-term usage effects are being scrutinized as these technologies edge closer to mainstream adoption. Nevertheless, the possibilities for VR gaming are expansive, from educational applications to professional esports, paving the way for a vibrant future. In conclusion, the VR gaming community stands on the brink of a revolution with startups pushing the boundaries of what is possible. As 2023 unfolds, it seems the gaming world is about to enter a reality that was once confined to science fiction. Virtual Reality Gaming Revolution: The Trends Shaping 2023 and Beyond The world of video gaming is experiencing a significant transformation in 2023, primarily driven by groundbreaking innovations from virtual reality (VR) startups. Companies such as Hologaze and NeonRealm are leading the charge, introducing technology that promises more than just immersive gameplay; they are setting the stage for a new realm of interactivity. Trends and Innovations in VR Gaming VR startups are integrating advanced headsets that offer not only breathtaking graphics but also unprecedented interactivity. This new technology aims to merge reality with digital realms seamlessly, moving beyond traditional solo gaming experiences. The key trend is the emphasis on social interactions within these digital spheres, enabling gamers worldwide to connect in virtual cooperative and competitive spaces. Pros and Cons of VR Gaming Technologies The benefits of these advancements are numerous, with enriched gameplay experiences and vast potential applications, such as educational tools and professional esports environments. However, concerns persist regarding the accessibility and cost of VR technologies, as well as the possible long-term effects of extended VR usage. Market Analysis and Predictions The VR gaming sector is witnessing remarkable investor interest, as funding for startups reaches new highs. Market analysts predict a surge in VR adoption as these technologies become more mainstream. This growth is also expected to diversify the gaming industry, opening up new markets and applications that extend beyond entertainment. Security and Sustainability Aspects Security in VR environments is becoming critically important, as these platforms often collect significant user data to function effectively. Startups are beginning to prioritize robust security measures to protect users’ privacy and data integrity. Alongside security, the sustainability of VR technology production and operation is being evaluated, with companies striving to adopt eco-friendly practices. As we look towards the latter part of 2023, the future of VR gaming appears vibrant and expansive. With continuous innovation, the industry is poised to evolve beyond what was once deemed possible, heralding a new era in digital interactivity. For further insights into VR gaming, please visit Oculus and PlayStation .
Science and Technology Daily: Promoting AI Governance JointlyJimmy Carter: Many evolutions for a centenarian ‘citizen of the world’BERLIN (AP) — Harry Kane scored a hat trick including two penalties for Bayern Munich to beat Augsburg 3-0 in the Bundesliga on Friday. The win stretched Bayern’s lead to eight points ahead of the rest of the 11th round, and Kane took his goals tally to a league-leading 14. The England forward is the fastest player to reach 50 goals in the Bundesliga in what was his 43rd game. However, coach Vincent Kompany should be concerned by his team’s ongoing difficulty of scoring in matches it dominates. Bayern previously defeated St. Pauli and Benfica only 1-0. Kompany’s team had to wait until stoppage time before Kane sealed the result with his second penalty. Two minutes later, Kane scored with a header after controlling Leon Goretzka's cross with his first touch for a flattering scoreline. “We had to be patient,” Kane said. “And at halftime that’s what we said, to keep doing what we’re doing. We had a few chances in the first half and we just had to be a bit more clinical and obviously, thankfully, we got the penalty to kind of open the game up.” Mads Pedersen was penalized for handball following a VAR review and Kane duly broke the deadlock in the 63rd. Bayern continued as before with 80% possession, but had to wait for Keven Schlotterbeck to be penalized through VAR for a foul on Kane. Kane sealed the result in the third minute of stoppage time and there was still time for him to grab another. It’s Bayern’s seventh consecutive win without conceding a goal since it conceded four at Barcelona (4-1) on Oct. 23 in the Champions League. “You can see now that we have a solid defense and that's the basis, also in games like today's,” Bayern midfielder Joshua Kimmich said. “When it's a game of patience, then it's important for us to know that sometimes one goal will have to do. Like today we added two more before the finish, but in the end you only need to score one more than the opponent.” Bayern next hosts Paris Saint-Germain in the Champions League on Tuesday, then Borussia Dortmund away in the Bundesliga next weekend, before defending champion Bayer Leverkusen visits in the third round of the German Cup. ___ AP soccer: Ciarán Fahey, The Associated Press
