World business news

Here are some of the latest world business news stories:

Global 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)

Stock Markets

• The Dow Jones Industrial Average fell over 1,000 points on Monday, its biggest one-day drop since 2020, amid concerns over inflation and interest rates. (Source: CNBC)
• The S&P 500 index also fell, with technology and healthcare stocks leading the decline. (Source: The Wall Street Journal)

Business

• Amazon has announced plans to lay off around 10,000 employees, citing the need to "become a more efficient and effective organization." (Source: The New York Times)
• Tesla has reported a record quarterly profit, driven by strong demand for its electric vehicles. (Source: Bloomberg)

Technology

• Apple has announced a new line of Mac computers, including a MacBook Air with a new M2 chip. (Source: CNET)
• Google has launched a new cloud-based gaming platform, Stadia, which allows users to play games on multiple devices. (Source: The Verge)

Energy

• Oil prices have fallen to their lowest level in over a year, amid concerns over global demand and supply. (Source: Financial Times)
• The European Union has agreed to impose sanctions on Russia over its invasion of Ukraine, including a ban on Russian oil imports. (Source: The Guardian)

Finance

• The US Federal Reserve has raised interest rates for the fifth time this year, citing concerns over inflation. (Source: The Washington Post)
• The European Central Bank has also raised interest rates, citing concerns over inflation and economic growth. (Source: The Financial Times)

Trade

• The US and China have agreed to a trade deal, which will see China increase its purchases of US goods and services. (Source: The New York Times)
• The UK and EU have agreed to a new trade deal, which will see the UK leave the EU's single market and customs union. (Source: The Guardian)

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