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globalEDGE Blog
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Semiconductors are a massive piece of the puzzle of different types of electronics and vehicles in the automotive industry. The automotive industry is becoming more software and electronic-based, making semiconductors extremely important. North Carolina was hit heavily by Hurricane Helene, causing landslides, historic flooding, and damage throughout the state. A small town named Spruce Pine has mines that produce the world’s purest quartz, a key component in producing global semiconductors. The Spruce Pine mine is the most crucial for the semiconductor manufacturing industry, the solar panel industry, and all the industries that use these components in their products.
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Green finance is quickly gaining popularity in developing economies as more nations realize it can promote sustainability and economic prosperity. Financial operations and investments that explicitly assist climate-friendly and ecologically sustainable initiatives are called “green finance.”
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As many people go around the world to travel and enjoy the scenery of various attractions, we are starting to see how the traveling industry has shifted towards getting a better understanding of what travelers want in their destination. The market size for tourism has been making a comeback over the last few years since the pandemic, regaining their sector amount from $0.8 trillion in 2020 back up to $2 trillion in 2024. On top of it, WTTC announced this year that the travel industry has put approximately $11.1 trillion toward the global GDP. Travel and tourism will take over 11.4% of the economy by 2034, leading to a $16 trillion contribution. But now the question is, what makes this industry appealing for travelers to visit various countries?
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As birth rates around the world continue to shrink, world governments are spending billions of dollars to combat this. Yet, there has been little progress in slowing down the continued shrinking birthrates through Europe, Asia, and the United States. This has caused worry in governments around the world about the increased burdens on their economies and the lack of workers needed.
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Last Wednesday, Chinese startup company Deep Blue Aerospace announced their plans to offer space tourism flights by 2027. The company is selling the first two suborbital tickets, which cost 1.5 million yuan or 211,000 USD, in a live streaming event featuring chairman Huo Liang today, Oct. 24.
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Since we last took a glance at cryptocurrency and its impact on the global economy, the digital currency market has undergone some major expansion.
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Autonomous or self-driving cars were once an idea in a sci-fi movie. Even if this seems like a farfetched idea, we see autonomous transit starting in more locations worldwide.
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Oktoberfest is an annual festival in Munich, Germany, consisting of traditional Bavarian music, parades, wagons, carnival rides, food, and drinks. It originated over 210 years ago and was inspired by the celebration of Princess Therese von Sachsen-Hildburghausen's marriage to the Crown Prince of Bavaria, who later became King Louis I. Since then, it has only been canceled 24 times due to political climates during wars.
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