Latest global economy News
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3 food and drink chains set to gain from Ozempic's rise
A new class of weight loss drugs known as GLP-1's, which includes Ozempic and Wegovy, could boost the sales of health-focused restaurants such as Sweetgreen and CAVA, according to a new industry report by the investment bank William Blair.
Nvidia says it's steering self-driving cars into the future
Nvidia is not only critical to big tech companies and governments developing their own AI platforms but also to the self-driving car market. Or at least the AI chipmaker’s executives think so.
Rivian stock is sinking as the company slashes its workforce and EV demand slows
Electric truck maker Rivian plans to slash its salaried workforce by 10% in a bid to cut costs as demand for electric vehicles slows, the company announced Wednesday. The news marks Rivian’s third round of layoffs since July 2022.Read More 22 February 2024 | 5:18 am
Microsoft is turning to Intel — not Nvidia — to make more chips
Read More 22 February 2024 | 5:17 am
Boeing's 737 leader is leaving just 1 month after its Alaska Airlines door blowout
Boeing said the head of its 737 jetliner program is leaving the aerospace giant immediately, just a month after an emergency door panel blew off one of its Max 9 jets on an Alaska Airlines flight over Oregon.Read More 22 February 2024 | 4:38 am
Those viral Stanley cups are now the target of lawsuits because they have 'some lead'
As with most things that go viral, the high can’t last forever. And now the maker of the internet’s favorite water bottle is facing backlash from customers for not disclosing that its products contain lead.Read More 22 February 2024 | 2:50 am
Tesla's board may need 'new blood' for Elon Musk's plan to ditch Delaware
After a Delaware judge shot down Elon Musk’s $56 billion compensation plan late last month, the Tesla CEO said his EV company would “immediately” move to hold a shareholder vote on reincorporating the automaker in Texas. But three weeks later, Tesla appears no closer to leaving Delaware — and with good reason.Read More 22 February 2024 | 1:55 am
Teladoc stock is plunging because virtual doctor's visits aren't what they used to be
Teladoc Health stock dropped more 25% Wednesday, a day after the company’s latest quarterly earnings failed to meet investor expectations.
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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.