Business sunday news

Here are some top business news stories from Sunday:

Global Economy

• The global economy is expected to grow at a slower pace in 2023, according to the International Monetary Fund (IMF). The IMF has cut its forecast for global growth to 3.2% from 3.4% due to rising inflation and interest rates. (Source: BBC)
• The European Union has agreed to a new trade deal with the United States, which will reduce tariffs on goods such as whiskey and motorcycles. The deal is expected to boost trade between the two regions. (Source: Reuters)

Tech

• Apple has announced a new feature that will allow users to share their iPhone's location with friends and family in emergency situations. The feature, called "Emergency SOS via Satellite," will be available in November. (Source: Apple)
• Amazon has launched a new virtual event platform called "Amazon Connect," which will allow companies to host virtual events and meetings. The platform will compete with other virtual event platforms such as Zoom and Google Meet. (Source: The Verge)

Finance

• The US Federal Reserve has raised interest rates for the third time this year, citing rising inflation and a strong economy. The rate hike is expected to slow down the economy and reduce inflation. (Source: CNBC)
• The stock market has seen a significant decline in recent weeks, with the S&P 500 index falling by 10% in the past month. The decline is attributed to rising interest rates and concerns about the global economy. (Source: The New York Times)

Business

• McDonald's has announced plans to expand its delivery service to more locations in the US. The company has partnered with Uber Eats and DoorDash to offer delivery from over 10,000 locations. (Source: McDonald's)
• Walmart has announced plans to hire 20,000 new employees in the US. The company is looking to expand its e-commerce business and improve its in-store experience. (Source: Walmart)

Energy

• The price of oil has fallen to its lowest level in over a year, due to concerns about the global economy and rising supply. The price of Brent crude oil has fallen by 20% in the past month. (Source: Bloomberg)
• The US has announced plans to increase its production of oil and natural gas, in an effort to reduce its reliance on foreign energy sources. The plan is expected to create thousands of new jobs and boost the economy. (Source: The Wall Street Journal)