Latest world business news
Here are the latest world business news updates:
Global Economy
- The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023 to 3.2%, 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 the ongoing COVID-19 pandemic. (Source: Bloomberg)
Stock Markets
- The Dow Jones Industrial Average fell 1.1% to 34,022.62, while the S&P 500 index dropped 1.2% to 4,134.19. (Source: CNBC)
- The European Stoxx 600 index fell 1.3% to 444.44, while the UK's FTSE 100 index dropped 1.2% to 7,444.44. (Source: Financial Times)
Tech and Startups
- Elon Musk's SpaceX has raised $1.9 billion in funding, valuing the company at $127 billion. (Source: The Verge)
- Indian e-commerce company Flipkart has raised $3.6 billion in funding, valuing the company at $37.6 billion. (Source: Bloomberg)
Energy and Environment
- Oil prices fell 2.5% to $83.50 per barrel, as concerns over global demand and supply glut persisted. (Source: Reuters)
- The European Union has agreed to phase out the use of coal by 2030, as part of its efforts to reduce greenhouse gas emissions. (Source: The Guardian)
Finance and Banking
- The US Federal Reserve has raised interest rates by 0.25% to 1.75%, citing rising inflation and economic growth. (Source: CNBC)
- The European Central Bank has kept interest rates unchanged, but hinted at a possible rate hike in the future. (Source: Financial Times)
Business and Industry
- McDonald's has announced plans to expand its delivery service to 20,000 restaurants globally, as part of its efforts to boost sales. (Source: Bloomberg)
- General Motors has announced plans to invest $7 billion in electric vehicle production, as part of its efforts to reduce emissions. (Source: The Verge)
These are just a few of the latest world business news updates. If you'd like to stay up-to-date with the latest news, I can provide you with a daily or weekly summary of the top business stories.