The UK is grappling with a prolonged economic downturn, as highlighted by a recent study from the resolution foundation and the London School of Economics (L.S.E). The report reveals a stark reality: fifteen years of economic stagnation have left the average UK household £8,300 ($10,550) poorer compared to counterparts in nations like France and Germany.

UK's 15-year economic slump | World Business Watch

Did a big breakthrough in AI technology trigger Sam Altman's ouster as OpenAI CEO last week? that's what an explosive Reuters report suggests. The report claims that days before Altman's exit last week, several staff researchers sent the board of directors a letter warning of a powerful artificial intelligence discovery that could threaten humanity.

OpenAI saga takes significant turn: Sam Altman cements his position as CEO | World Business Watch

In the Euro zone, the economy is flirting with recession. While economic activity marginally improved in November, consumers are cutting down on spending. this could eventually lead to the economy contracting in the coming weeks.

Economy on track to contract in October-December quarter | World Business Watch

A high-stakes battle unfolds in the European Union as tech giants and emerging start-ups join forces to fend off what they call 'innovation-strangling' regulations on Artificial Intelligence. As EU countries and lawmakers enter the final stretch of negotiations, the spotlight is on foundation models, including OpenAI's ChatGPT.

Tech giants & start-ups unite against overregulation | World Business Watch

AI breakthrough triggered Sam Altman's initial ouster: Report | World Business Watch

While global market growth forecasts for 2024 remain modest, there's a beacon of optimism in India. According to a recent Reuters poll, the Indian stock market is gearing up for a remarkable surge, with projections indicating a substantial 10% rise by the end of 2024.

Indian stocks to scale new peaks, 10% growth on horizon: Poll | World Business Watch

Indian travellers embarked on a staggering 1.7 billion leisure trips. yet, a mere 1% ventured beyond their borders, as revealed by booking.com and McKinsey. the report decodes all the dynamic trends and projections shaping India's travel narrative.

India: Five billion leisure trips projected by 2030 | World Business Watch

Libertarian Javier Milei's victory in the presidential elections is leaving a huge impact on Argentina's markets. argentina's black market peso fell 12% on Tuesday to 1,045 per dollar, on the first trading day after he won the election. on the other hand, stocks and bonds jumped in hopes of a more market-friendly policy.

Argentina: All eyes on Milei's new plans | World Business Watch

Astonishingly, the planet's richest 1%, constituting a mere 77 million individuals, match the carbon footprint of the 66% poorest – a staggering 5 billion people. In a stark revelation, a recent report from Oxfam underscores the disproportionate impact of the world's wealthiest on global carbon emissions.

Tracking the top 1% and their Carbon footprint | World Business Watch

Javier Milei's dollarisation gets first test as Argentine banks reopen. As soon as Javier Milei took office as president-elect of Argentina, investors welcomed him with open arms. stocks on Wall Street rose to levels not seen in at least a decade, while bond prices rose on hopes that he might rescue the faltering economy.

Argentine markets soar on Dollarisation announcement | World Business Watch

A financial battleground emerges on Wall Street as industry juggernauts vie for regulatory approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs). Blackrock, Fidelity, and Ark Invest headline the race, seeking to revolutionize crypto investments and revive a market battered by last year's meltdowns.

Major players revive Crypto market | World Business Watch

Tensions are on the rise within amazon's corporate walls as the retail giant takes a firm stand on its return-to-office policy. Employees facing the three-days-a-week mandate now discover it's not just about being at their desks – it's about promotions.

Amazon employees face consequences for remote work resistance | World Business Watch

France, Germany and Italy have reached an agreement on how to regulate Artificial Intelligence need of the hour. According to media reports, the agreement is expected to hasten negotiations for AI legislation at the EU.

Germany, France & Italy reach agreement on future AI regulation | World Business Watch

Retail sales have experienced an unexpected dip, marking the lowest level since the 2021 Covid-19 lockdowns. This downturn echoes a broader narrative, suggesting a shared challenge faced by economies worldwide.

UK retail sales plunge 0.3% amid economic challenges | World Business Watch

The Meta GWI beauty report 2023 reveals a fascinating narrative of how Instagram reels, influencers, and Meta's vast reach have redefined consumer behaviour. From discovering products to making weekly purchases, the screen has become the new shopping cart.

Meta's role in the surge of online beauty & fashion buying

The property market slump is now a recurring theme in china's post-Covid economic story. October offered no new twist to the story, as China's new home prices fell for the fourth straight month. New home prices in October dropped 0.3% month-on-month after a 0.2% dip in September.

China: New home prices fall for the fourth straight month | World Business Watch

Starbucks faced an unexpected jolt as workers from various locations staged a walkout during the much-anticipated red cup day. Starbucks, despite stating that most stores remained open, acknowledged a strike in a few dozen locations. the protest unfolded during what is typically one of the busiest promotional events for the company.

Starbucks faces strike amid red cup day promotional event | World Business Watch

In recent months, western investors in Russian companies have been on edge due to potential changes in Moscow's regulatory landscape. A new presidential decree under consideration is causing concern among investors who fear compulsory share purchases at significant discounts. Ivan Chebeskov, addressing the financial forum, revealed that amendments to a presidential decree are underway.

Investor anxiety as decree may force sale to Russia at discounts | World Business Watch

Amid the festive season, the country's trade deficit has hit an all-time high, reaching a staggering $31.46 billion in October.

India's trade imbalance widens in October | World Business Watch

High inflation, weakening Rouble and western sanctions have not prevented Russia's economy from growing for a second consecutive quarter this year. Russia's federal statistics agency stated that the economy expanded by 5.5% year-on-year between July and September, after contracting in the same period last year.

Russian economy grows despite sanctions | World Business Watch

India, the US, and 12 other members of the Indo-Pacific economic framework for prosperity signed a groundbreaking supply chain resilience agreement in San Francisco. The agreement is aimed at mitigating economic disruptions caused by supply chain shocks, and includes benefits like the potential shift of production centers in critical sectors.

Nations forge historic supply chain resilience pact

Billionaire Elon Musk has denied a report that his rocket company SpaceX was discussing an initial public offering for its satellite internet business, Starlink, as soon as 2024. Musk called the Bloomberg report "false". The news report stated that SpaceX had been moving Starlink's assets to a wholly owned unit that would ultimately be spun off.

Elon Musk denies Starlink IPO report | World Business Watch

Japan, a country known for its rich history and technological prowess, is moving towards a more equitable evolution. Join us as we explore the compelling journey of women in science and technology, breaking barriers, unlocking innovation, and potentially steering japan toward a brighter, more inclusive future.

Japan: Advancing tech landscape with women in science & technology | WION Newspoint

Following a substantial decline of $251 billion in February, Meta’s stock exhibited a notable resurgence, nearly doubling in value by November.

Meta's stock rally nears 300% | World Business Watch

A future where women drive Japan's economic growth | World Business Watch

Markets were relieved to see that US inflation fell significantly in October. The inflation figure is a leading indicator to signal the federal reserve has completed its interest rate hike cycle. The core consumer price index, which does not include food and energy prices, rose by 0.2% in October. The core gauge is seen by economists as a more accurate reflection of true inflation than the headline CPI.

Easing inflation erases bets on more fed rate hikes | World Business Watch

The House of Representatives passed a temporary spending bill with broad bipartisan support to avert a looming government shutdown. The bipartisan effort garnered a 336-95 vote, signaling a crucial step in preventing disruptions to federal agencies as current funding approaches its expiration at midnight on Friday.

US Congress passes spending bill to avert government shutdown | World Business Watch

Google has been fined $164,000 for failing to store user data inside Russia as it is repeatedly clashed with foreign technology companies over content censorship data.

Google slapped with $164,000 fine in Russia as it refuses to store user data on servers in Russia

Argentina is facing an unprecedented level of inflation. people are tightening their purse strings as annual inflation touches 143%. The collateral damage of rising prices has been jeans. hard-up Argentines are increasingly turning to second-hand clothing markets, not just to find affordable jeans but also to raise extra cash from selling old garments.

Argentines flock to second-hand clothing markets amid inflation

Australia is breathing a sigh of relief after three days of heightened tensions. Several of its top ports have restarted operation after a major cyber security incident. That's good news for the country. these ports handle nearly 40% of the total trade.

Australia's ports restart operations | World Business Watch

We delve into the key factors that can make or break your retirement dreams. From life expectancy to inflation, we'll unravel the intricacies of securing your financial future. Plus, we'll share strategies to maximise your retirement savings and offer tips on being your own financial advisor.

Is $3 million enough to retire? | World Business Watch

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