Latest global economy News

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Starbucks fumbled in China. Now it's seeing private equity bids in the billions

Firms including Carlyle, KKR, Hillhouse, and Centurium are reportedly competing for a piece of the coffee giant’s China unit

Nvidia just became the first company to hit a $4 trillion market cap

Wall Street’s favorite bet just crossed a record valuation, driven by its dominance of AI infrastructure as competitors race to catch up

A top Apple executive is retiring after almost 3 decades

Apple chief operating officer Jeff Williams is retiring from the iPhone maker at the end of this year

Today was Trump's deadline. So where are the trade deals?

The White House promised 90 trade agreements by July 9. So far: two partial deals, 14 letters, and a new deadline Trump claims “has not changed.”

Stocks shrug off tariffs drama with earnings on deck

With the S&P dipping less than 0.02% and Nasdaq in the green, Wall Street is instead focused on Q2 earnings, Fed minutes, and global deflation.

Biotech startups are facing a new threat

Cuts in federal funding and upheaval at the FDA under Trump have funders keeping their wallets closed — and executives "sounding the alarm"

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5 ways electric-vehicle maintenance differs from traditional cars

Learn more about what goes into EV maintenance before switching to the electric side of the automotive industry.

Tesla's board must rein in Elon Musk's 'soap opera,' analyst says

With Tesla’s future tied to AI and autonomy, analysts say the company can’t afford a distracted CEO — and the board can’t afford to stay silent

The housing market may be on the cusp of a revival

House prices are at a record high. Mortgages rates won't budge. But indications of a recovery are emerging

Trump says he'll impose a 50% tariff on copper and hints at supersized pharma rate

Trump suggested that pharmaceutical manufacturers will have up to 18 months to build a new U.S. supply chain and avert a tariff that could total 200%

Elon Musk's X says India blocked more than 2,000 accounts without explanation

The X accounts were briefly withheld after an urgent order from India’s IT ministry, according to X.

Boeing made a big June delivery of jets, partly thanks to China

Boeing delivered 60 planes in June, including 42 Max jets, marking its best delivery month since late 2023.

Waymo announces new robotaxi accounts for teens

The Alphabet-owned company is offering accounts for teens in the Metro Phoenix area who get invited by their parents

Delistings up almost 50% as home sellers leave the market

The housing market appears to be shifting in a “buyer-friendly direction,” according to a new report from Realtor.com

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Quartz is a digitally native news outlet for the new global economy.Latest news and headlines around the world related to the state of the global economy. News, analysis and comment from the Financial Times, the worldʼs leading global business publication. Get all updates on INTERNATIONAL ECONOMY NEWS, Business news, Global market news, world business, global business trade on Business Standard.

What is today's economic news?

CBDC to bring down time, cost for cross-border transactions: RBI Deputy Guv Sep 7, 2022, 04:01 PM IST.
Cabinet lowers railway land licensing fee, sources say Sep 7, 2022, 02:18 PM IST.
India will cement its place in the upper echelons of tech manufacturing: Mukesh Aghi, USISPF Sep 7, 2022, 02:05 PM IST.
What is the biggest economy in the world?

the United States

With a GDP of 22.3 trillion USD, the United States is by far the world's largest economy in this ranking for 2022. It is followed by China in 2nd place with a GDP of still 19.9 trillion USD.
What is India's rank in GDP?

India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany.