Washington state ranks No. 2 nationwide for annual video game industry economic output at $11.6B

(Halo Infinite Photo)

Washington state’s video games industry overtook Texas last year and claimed the No. 2 spot for total economic output as the U.S. video game industry grew to new heights yet again.

Those are two takeaways from a new report published by the Entertainment Software Association (ESA), the games industry’s trade organization in the U.S.

In Washington state, the local games industry represents 48,808 jobs, with an economic output of $11.6 billion. This puts it ahead of all other states besides California, which has an effectively insurmountable lead. A little over half of all game development nationwide is done in California, which accounts for $51 billion of the more than $90 billion in economic output generated nationwide in 2019.

The ESA defines economic output as “the total value of the goods and services produced in the economy.”

Washington has been an important overall part of the U.S. games

Read More

India can create $1T economic value using digital technology by 2025: NITI Aayog’s Amitabh Kant

NITI Aayog CEO Amitabh Kant on Thursday said digital infrastructure had become indispensable to the functioning of society and India could create $1 trillion of economic value using digital technology by 2025.

Addressing a virtual event organised by industry body FICCI, Amitabh Kant said the COVID-19 pandemic had provided an impetus to the ever-expanding digital infrastructure.

“Digital infrastructure has become indispensable to the functioning of society… India can create $1 trillion of economic value using digital technology by 2025,” he said.

He said digital infrastructure had emerged as more significant infrastructure as compared to traditional infrastructure necessities such as power and roads. This made it crucial for India to augment digital infrastructure to utilise frontier technology in economic development. .

Digital is the future, Kant said, adding that if India wanted to improve the social or health sectors, going digital was critical.

The NITI Aayog CEO pointed out that

Read More

India can create $1 trillion of economic value using digital technology by 2020: Amitabh Kant

Niti Aayog CEO Amitabh Kant on Thursday said digital infrastructure has become indispensable to the functioning of society and India can create USD 1 trillion of economic value using digital technology by 2025.

Addressing a virtual event organised by industry body FICCI, Kant said the COVID-19 pandemic has provided an impetus to the ever-expanding digital infrastructure.

“Digital infrastructure has become indispensable to the functioning of society… India can create USD 1 trillion of economic value using digital technology by 2025,” he said.

He added that digital infrastructure has emerged as more significant infrastructure as compared to traditional infrastructure necessities such as power and road. It is crucial for India to augment digital infrastructure to utilise frontier technology in economic development, Kant said.

The digital is the future, Kant said adding that if India wants to improve the social sector or health sector then going digital is critical.

Read More

European shares flat as virus woes, economic risks weigh

(Reuters) – European shares were little changed on Thursday as an extension of coronavirus restrictions in Germany and a grim growth forecast for the United Kingdom brought the focus back to the economic impact from the COVID-19 pandemic.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 25, 2020. REUTERS/Staff

The pan-European STOXX 600 index was flat at 0920 GMT, with gains in tech and healthcare stocks offset by declines in the autos and energy sectors.

A second wave of COVID-19 infections swept across Europe last month, prompting Germany, France and the United Kingdom to once again impose tough lockdown measures, dealing a heavy blow to business activity as restaurants, gyms and shops remained closed.

The benchmark STOXX 600 index is however still on course for its best month on record and market participants expect European equities to touch record

Read More

Taiwan voices hope for trade deal after economic talks with US | China

Taiwan has expressed confidence in a trade deal with the United States, after Taipei and Washington held talks on strengthening their economic relationship in the face of increasing pressure on the island from China.

Joseph Wu, speaking to reporters in Taipei, said on Saturday that he expected the incoming government of US President-elect Joe Biden to support a long sought-after bilateral trade agreement, given bipartisan support for the move among legislators in Washington.

“I think bipartisan support on Capitol Hill is still very strong, and I think that kind of support for a Taiwan-US BTA will continue into the new administration,” he said, following the high-level economic talks with Washington.

Last month, Frank Jannuzi, a key Biden aide when the president-elect was in Congress, wrote that Washington should prioritise free trade negotiations with Taiwan to encourage others, including Britain, the European Union and Japan, to follow suit.

And in October,

Read More

Institut Polytechnique de Paris and Accenture Form Strategic Partnership to Leverage Science and Technology to Address Major Societal, Economic, and Environmental Challenges

PARIS–(BUSINESS WIRE)–Accenture (NYSE: ACN) and the Institut Polytechnique de Paris (IP Paris) have entered into a five-year strategic partnership to co-develop solutions in response to the major social, economic, and environmental challenges that humanity faces. A central aspect of the partnership is the creation of an academic and research chair that aims to foster the development of innovative technologies in response to these challenges.

The partnership is being led by Jean-Marc Ollagnier, CEO of Accenture in Europe; Olivier Girard, CEO of Accenture in France and Benelux; Eric Labaye, president of Institut Polytechnique de Paris; and Jean-Paul Cottet, executive director of the École Polytechnique Foundation.

Building on IP Paris Interdisciplinary Research Centers, the academic and research chair — known as the “Chair of Technology for Change” — seeks to promote industry transformation and the emergence of innovative business models to foster environmental and social sustainability. It aims to accelerate

Read More

Institute for Commercialization of Florida Technology Delivers Over $2.6 Billion Economic Impact

TAMPA, Fla., Nov. 20, 2020 /PRNewswire/ — The Institute for Commercialization of Florida Technology (the Institute) announced today the results of a new study conducted by The Washington Economics Group, Inc.® (WEG), a Coral Gables-based boutique economic consulting firm led by nationally recognized business economist Dr. J. Antonio (Tony) Villamil. The study measured economic impacts of the Institute during FY 2019-20 to update prior years’ studies and concluded that the organization’s impact increased by $743 million to $2.6 billion as funded companies continue to raise investment capital, increase sales, create jobs, and bring innovative products to market.

The Institute supports new companies in Florida that create clean jobs in knowledge-based industries driving the global economy. By providing seed and early-stage funding, the Institute enables businesses to develop and launch products in key sectors, including life sciences, information technology, homeland security and defense, logistics and distribution, and manufacturing.

Read More

China to boost economic growth through innovation and opening-up, nurturing joint development in the Asia-Pacific region

Read the original article here.

China, whose economy saw positive overall growth in the first three quarters this year, shared its vision for continuing to foster domestic economic recovery and mutual beneficial cooperation with Asia-Pacific economies, as Chinese President Xi Jinping delivered a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues on Thursday via a video link in Beijing.

APEC, Asia-Pacific’s premier economic forum, was established in 1989 to leverage the region’s growing interdependence and boost regional prosperity through initiatives promoting free and open trade among member economies.

The Malaysia delegation of the APEC Business Advisory Council (ABAC) is hosting the forum for setting priorities in the aftermath of COVID-19, as Malaysia is the host of APEC this year.

Addressing leaders of Asia-Pacific’s business community, Xi said that China’s sound economic recovery has proven the resilience and vitality of the Chinese economy and he is confident

Read More

IoT Sensor Market 2020 :Size, Share with Capacity, Future Prospects, Future Challenges, Economic Aspect, Market Strategies and Forecast to 2024

The MarketWatch News Department was not involved in the creation of this content.

Nov 19, 2020 (The Expresswire) —
Global IoT Sensor Market 2020 :- report presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers, Production, Revenue, Supply, Consumption, Export, Import, Industrial Chain, Sourcing Strategy and Downstream Buyers and IoT Sensor Market Growth Factors Analysis in the market. To strategically profile the key players and systematically analyse their growth strategies and IoT Sensor Market Share in global regions.

IoT Sensor Market (2020-2024) report analyses the topmost companies in worldwide and main regions status and position of worldwide and key regions, with perspectives of manufacturers, regions, product types and end industries; also provide IoT Sensor market by product type and applications/end industries.The IoT Sensor market trend research process includes the analysis of different factors affecting the industry, competitive landscape, historical data, market environment, present trends in

Read More

Biden urges a new economic relief package and warns again of a ‘dark winter’ ahead

WILMINGTON, Del. — President-elect Joe Biden urged Congress to immediately pass an economic relief package Monday as he warned that the coronavirus pandemic will worsen in the coming months.

Biden says ‘more people may die’ if Trump doesn’t allow coordination on pandemic planning



The incoming Democratic president also criticized President Trump for his refusal to concede his election loss and begin handing over power. Biden called Trump’s unprecedented actions “embarrassing for the country” and irresponsible.

The delay in cooperation is setting back plans for a coordinated rollout of a coronavirus vaccine, Biden said. Most of that rollout would fall to the Biden administration next year, but the Trump White House is not sharing details of its distribution plan.

Trump falsely claims that he won the Nov. 3 election and is holding up the normal transition process for a new president.

“I interpret that as

Read More