Global business news

Here are some of the latest global business news stories:

Economy

• The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023, citing rising inflation and interest rates. (Source: Reuters)
• The World Bank has warned that the global economy is facing a "perfect storm" of challenges, including high inflation, supply chain disruptions, and climate change. (Source: BBC)

Markets

• The Dow Jones Industrial Average and S&P 500 indexes both fell sharply on Monday, as investors reacted to rising interest rates and inflation concerns. (Source: CNBC)
• The European Central Bank has raised interest rates for the first time in over a decade, in an effort to combat inflation. (Source: Financial Times)

Companies

• Tesla has announced plans to cut 7% of its workforce, citing the need to reduce costs and improve profitability. (Source: Bloomberg)
• Amazon has announced a major expansion of its operations in India, with plans to create thousands of new jobs. (Source: The Hindu)

Technology

• Apple has announced a new line of iPhones, including a budget-friendly option priced at $399. (Source: CNET)
• Google has announced a new artificial intelligence-powered chatbot, which it claims can understand and respond to human language more accurately than previous AI systems. (Source: The Verge)

Finance

• The US Federal Reserve has raised interest rates for the third time this year, in an effort to combat inflation. (Source: The New York Times)
• The European Union has announced plans to introduce a new digital currency, which it claims will be more secure and efficient than traditional currencies. (Source: The Guardian)

Sustainability

• The world's largest companies have pledged to reduce their carbon emissions by 50% by 2030, as part of a new initiative to combat climate change. (Source: The Guardian)
• The European Union has announced plans to ban single-use plastics, in an effort to reduce waste and protect the environment. (Source: BBC)

These are just a few of the latest global business news stories.