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United States has the fastest computer in the world. Titan, a Cray XK7 system installed at Oak Ridge, achieved 17.59 Petaflop/s (quadrillions of calculations per second) on the Linpack benchmark. Titan has 560,640 processors, including 261,632 NVIDIA K20x accelerator cores.

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Global Competitiveness

The Global Competitiveness Index (GCI)  is a global study on the basis of which ranking of countries in terms of economic competitiveness in the world is formed. The World Economic Forum defines competitiveness as the ability of the country and its institutions to ensure stable economic growth, which would be stable in the medium term. GCI is determined by numerous and very diverse factors which were divided into three subindexes: Basic requirements, Efficiency enhancers, Innovation and sophistication factors. The index is composed of 12 pillars of competitiveness. They are Institutions, Infrastructure, Macroeconomic Stability, Health and...

Global Energy at a Glance

One of the most important trends of the global energy market in 2015 was the weak growth of energy consumption across the developed world. Thus, the aggregate energy consumption of OECD member states did not change as compared to 2014 while G7 countries even demonstrated 1% decline in energy consumption over 2015 with United States, Canada, and Japan being the main drivers of decline. On the contrary, energy consumption in European countries rebounded by 1.3% in 2015. The trends across key energy sectors are as follows:In the oil sector, United States overtook Russia by the oil production and approached Saudi Arabia.Electricity demand in...

Moving towards Knowledge Economy

To what extent a country is prepared for the transition to knowledge-based economy, i.e. the economy that is able to efficiently stock, process and transfer knowledge, needed for a country to maintain competitiveness in today's modern world? To shed some light on this complicated question and correspondingly to help country leaders to choose strategically right directions, the World Bank developed instrument known as Knowledge Economy Index. Based on 148 indicators which serve as proxies for 4 Knowledge Economy pillars, exactly, Economic Incentive and Institutional Regime, Education and Labor, Innovation and Information & Communications...

Global Petrol Prices, April 2017

All world countries have an access to the same petroleum prices as on international markets. However, countries' governments decide to impose different taxes according to their economic policies. As a result, the retail prices of gasoline differ considerably across countries. Explore global petrol prices as for May 2016 on the charts and a map below and see how low gasoline can cost in producing countries in South America and the Middle East in contrast with the other world. In some cases, like in Venezuela, the government even subsidizes gasoline and therefore people over there pay close to nothing to drive their cars.