The recent job openings data indicates that the state of the U.S. economy remains concerning. This poses a significant challenge for the Biden administration, which has been actively seeking ways to revitalize the struggling economy.

US job openings sink to two-year low, labour market remains tight

The global factory activity remained in a downturn in July, according to private surveys released on Tuesday, indicating that sluggish growth and weakness in China were taking a toll on the global economy, although the outlook in the Americas was noticeably brighter than elsewhere.

Global manufacturing faces downturn amid China's growth slowdown

Starbucks on Tuesday released its latest quarterly earnings, impressively surpassing analysts' earnings expectations. However, the company faced a slight setback in same-store sales, falling short of Wall Street's target at 10 per cent instead of the anticipated 11 per cent.

Starbucks misses quarterly sales targets, expects sustained rebound in China

U.S. banks have tightened their lending standards for both businesses and households in the second quarter of 2023, and they anticipate maintaining this cautious approach for the rest of the year, according to a survey conducted by the Federal Reserve and cited by Bloomberg.

Cash flow slowdown: U.S. banks turn cautious on lending in 2023

ExxonMobil is reportedly in talks with Tesla, Ford Motor, Volkswagen, and other automakers to supply lithium for electric car batteries, as stated by individuals familiar with the matter, according to a Bloomberg Law report cited by Reuters.

ExxonMobil in lithium supply talks with Tesla, Ford: Report

Asia's factory activity experienced a contraction in July, signaling a slowdown in global growth and reflecting the impact of China's weakening economy on the region's fragile recovery.

Manufacturing blues in Asia: Global slowdown puts pressure on recovery

Japanese electronics brand Panasonic on Monday revealed a remarkable 42 per cent surge in first-quarter operating profit as a weaker yen and strong sales in its automotive and energy segments bolstered the company's financial performance.

Panasonic records 42% surge in Q1 profit, keeps full-year forecast

Mexico's vibrant remittance ecosystem, one of the world's largest, supporting millions of families, is now facing severe pressure due to a significant increase in the value of the Mexican peso and rising inflation, disrupting lives for many in the country.

Stronger Mexican peso cuts the value of remittances from the U.S.

The European Commission achieved a significant milestone on July 31, 2023, by adopting the European Sustainability Reporting Standards (ESRS), a crucial step towards implementing the EU's upcoming Corporate Sustainable Reporting Directive (CSRD).

Sustainability reporting gets a makeover: EU unveils bold standards to woo green investors

In a significant move towards tackling climate change, banks worldwide are working to develop global standards for accounting carbon emissions in bond or stock sale underwriting.

Green vs Greed: Banks' carbon commitments under scrutiny

Germany, the largest economy in Europe, is facing serious challenges as its economy grapples with ongoing struggles. As concerns rise about the potential impact on Europe's overall prosperity, the nation's growth engine seems to have sputtered.

Germany grapples with economic turmoil amid energy crisis & industrial decline

Indian companies will soon have the opportunity to access foreign capital within India through registrations with exchanges at the International Financial Services Centre (IFSC) in the Gujarat International Financial Tech City (GIFT).

Firms can now list directly on IFSC exchanges to access global capital

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Zee News Rajasthan

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