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What the Pope's visit to the DRC and South Sudan means
Pope Francis is in the Democratic Republic of the Congo (DRC) in his second day in a mission that aims to bring peace in the eastern part of the country where thousands have been killed recently in an ongoing conflict.
Read More 1 February 2023 | 5:30 pmThe company that created ChatGPT is releasing a tool to identify text generated by ChatGPT
The makers of arguably the world’s most popular chatbot proposed a solution to help people differentiate between human- and robot-generated text.
Read More 1 February 2023 | 4:56 pmExxon’s record $56 billion profit has renewed the White House’s outrage at oil companies
ExxonMobil raked in $55.7 billion in annual profits, shattering a 2008 record of $45 billion and setting a new goalpost for American and European fossil fuel companies.
Read More 1 February 2023 | 2:49 pmInvestment in African gaming startups gains momentum
African gaming platforms are reporting increased investment activity, signaling investor confidence in Africa’s growing reputation as a market for the gaming industry.
This tool can help you get ready for your next career move
As a former head of people, almost all of them were curious about two questions: Is this what I should be doing with my time and talents? And if so, what’s next? Whether you’re eyeing a career pivot at the company you’re at, or a fresh start at a new company, this tool can help you prepare for your best next.
Read More 1 February 2023 | 4:05 amHow responsible credit card users profit off everyone else
Credit card rewards programs are often framed as the poor subsidizing the rich.
Read More 1 February 2023 | 3:40 am
Hundreds of thousands of UK workers will strike in response to new labor law
Workers from across the UK’s public sector will walk out en masse on Feb. 1.
Cryptocurrency lender Celsius was “insolvent since inception,” investigation finds
Turns out the Celsius Network, a cryptocurrency lender that promised customers 17% annual yields on their deposits, was indeed too good to be true.
US wage growth is headed back down to pre-pandemic levels
American employers are slowing their spending on employee wages—a data point that is likely to ease the inflationary concerns of Federal Reserve officials.
Read More 31 January 2023 | 9:32 pmPerceived corruption in the UK has hit an all-time high
Multiple political scandals have taken their toll on the public’s confidence in the UK’s institutions, according to new findings by Transparency International.
The IMF's improved economic outlook won't change the plans of central banks
The world economy is faring slightly better than expected.
Read More 31 January 2023 | 7:11 pmIt’s time for companies to digitally grow up. Here’s how
Gen Z grew up with tech in their hands and information at their fingertips. So the fact that the generation of 15-second TikTok videos and 280-character tweets doesn’t tolerate cumbersome, manual work processes should surprise no one.
Read More 31 January 2023 | 7:07 pmIndia's LIC and public sector banks are reassessing their Adani stakes
US-based Hindenburg Research’s allegations of fraud against India’s Adani group have sparked panic among investors since Jan. 25. Since the publication of the damning report, the conglomerate’s seven listed companies have lost $68.3 billion, nearly a third of their market value.
Read More 31 January 2023 | 4:35 pmIs Apple violating workers' rights under the garb of confidentiality?
Apple’s C-suite is having a chilling effect on employees.
Read More 31 January 2023 | 3:21 pmRelated News Feed
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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.
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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.
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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.