Key Business News

In 2024, the adoption of artificial intelligence (AI) surged across global businesses, as companies from diverse sectors raced to integrate machine learning and AI-driven technologies into their operations. This rapid uptake was fueled by advancements in AI capabilities, such as natural language processing, generative AI, and deep learning, which have enabled organizations to enhance productivity, […]

India’s economy experienced significant growth in the second quarter of 2024, with a year-over-year expansion of 7.8%, surpassing expectations and solidifying its position as one of the fastest-growing major economies in the world. This growth was largely driven by the performance of the service sector, which continues to be a major contributor to the country’s

Walmart has once again surpassed Wall Street’s expectations for the second quarter of 2024, reporting strong earnings driven by its expanding e-commerce operations and delivery innovations. The retail giant posted a 6.4% increase in sales, with a total revenue of $157 billion, up from $147.4 billion in the same quarter the previous year. Adjusted earnings

The global chip shortage, which has been disrupting various industries since the onset of the COVID-19 pandemic, shows no signs of easing in 2024. This shortage of semiconductors has had far-reaching consequences, affecting sectors as diverse as automotive manufacturing, consumer electronics, telecommunications, and even healthcare. While supply chain constraints and the overwhelming demand for electronic

The U.S. Federal Reserve has been making waves in the global economy by signaling a more hawkish stance on interest rates as it aims to combat persistent inflation. In its recent announcements, the central bank indicated that interest rates would remain elevated for longer than previously anticipated, sparking concerns among investors, businesses, and policymakers about

China’s exports dropped by 8.8% in August 2024 compared to the same month last year, marking the fourth consecutive month of decline. This significant contraction has heightened global concerns about the world’s second-largest economy and its impact on international trade. The decline comes amid weakening global demand, ongoing geopolitical tensions, and domestic challenges in China,

The International Monetary Fund (IMF) has released its latest World Economic Outlook update for September 2024, maintaining its global growth forecast of 3.2% for 2024. However, the report highlights rising concerns about inflation, particularly due to persistent inflation in the services sector. Key Highlights: The report stresses that global economic stability will depend on careful

In a highly anticipated event in September 2024, Apple officially launched its iPhone 16 Pro and iPhone 16 Pro Max models, marking another significant leap in smartphone innovation. As expected, these flagship devices come packed with cutting-edge features, continuing Apple’s tradition of blending sleek design with powerful technology. Key Features and Innovations: Stay tuned as

The global gold market has been experiencing heightened volatility in recent weeks, driven by concerns surrounding inflation and mounting geopolitical risks. As the world’s most traded precious metal, gold often serves as a barometer of investor sentiment during times of economic instability. This year, gold prices have swung dramatically, with traders watching closely for potential

Saudi Aramco, the world’s largest oil company, has announced its ambitious plans to expand into renewable energy as part of the kingdom’s broader Vision 2030 initiative. The state-owned energy giant is pushing for significant investment in carbon-neutral solutions, including green hydrogen, wind, and solar power, marking a shift from its traditional role as a major