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How poor Egyptians paid for senator Bob Menendez's alleged bribes
US prosecutors say New Jersey senator Robert Menendez is a crook, and one of his victims is the meat-consuming population of Egypt.
Why rest may not be the best solution when you're feeling burned out
“I don’t have a single good idea left in me.”
Hollywood's writers have a deal—and little to do while actors are still striking
Screenwriters and Hollywood studios have come to a tentative agreement to finally end a historic, five-month-long strike that brought show business in the US to a standstill. The Writers Guild of America West (WGAW) announced yesterday (Sept. 24) that it reached a deal with the Alliance of Motion Picture and…
Read More 25 September 2023 | 5:37 pmUC Berkeley's latest contribution to innovation is an innovative way to finance it
Innovation starts with ideas but often comes down to financing. As the first-ever chief innovation officer at the University of California, Berkeley, Rich Lyons has overseen a program that comes up with new ways of funding innovative startups and bringing the profits back to the university.
AI in Focus: AI is popping up all over
Hello, fellow humans! Hope you’re enjoying the new, limited Saturday edition of the Daily Brief, which is focused on AI, though, we promise, written by actual people.
Read More 23 September 2023 | 4:00 pm
How the ex-Twitter founders of Pebble plan to compete with their old employer
Pebble only has about 15,000 users, but that’s intentional. The co-founders of this new social media platform, known until earlier this week as T2, wanted to move slowly and build it right—not move fast and break things.
After a record hot summer, get ready for an El Niño-influenced winter
An intense summer of wildfires, flooding, and record scorching heat may transition into another season of terrible weather. El Niño, a natural climate pattern which warms the Earth, will bring a mild and wet winter for many, but also a prolonged, colder winter for others. Meteorologists are forecasting that parts of…
Read More 23 September 2023 | 1:33 amAn AI built with Amazon software is monitoring cancer in Nigeria and Kenya
Hurone AI, a Seattle-based oncology software startup, has started testing the use of artificial intelligence in the remote monitoring of cancer patients in Nigeria and Kenya.
Microsoft is bringing Copilot to all its office apps. Here’s what companies need to know
Microsoft revealed yesterday (Sept. 21) the expansion of its AI Copilot capabilities, following Google’s announcement earlier in the week that Bard can now be used with its apps, including Gmail, YouTube, and Drive. It’s the latest in a string of tech companies racing to find ways to integrate AI into all of their…
Read More 22 September 2023 | 10:40 pm
Even the US's planned rare earth magnet factory can't shake the influence of China
The US is making a major investment in ramping up domestic production of rare earth magnets to reduce its reliance on China. But in a reminder of how entrenched China is in the global rare earth supply chains, the company that Washington has tapped for a new factory has a big China footprint.
Read More 22 September 2023 | 1:53 pmLuddites saw the problem of AI coming from two centuries away
Nobody would fault you for having a dodgy definition of a Luddite. In modern usage, the term is sometimes dropped in cocktail-party chatter, a fancy little thing that arrives wrapped in prosciutto and speared with a twirly toothpick. Ah, yes, he’s such a Luddite, one party passerby might say, plucking a crisp…
Read More 22 September 2023 | 2:25 amFlorida's $5 billion new Brightline route is a big push for US investment in high-speed rail
Brightline, the first new private passenger rail service in the US in a century when it started service in 2018, is about to make its inaugural high-speed journey between Miami and Orlando on Sept. 22. The rail service has been operating in Florida since 2018, but the new route connects the US state’s two biggest…
Read More 21 September 2023 | 11:20 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.