China once had There are worries that the mighty economy is currently going through a tough period. Famous economists have raised concerns about China's trajectory in the future, comparing it to Japan's economic fall in the 1990s and asking whether another country would emerge as a contender to spur global growth.

Explained: Why economists are concerned about China

Meta's second quarter earnings report has been released and it's nothing short of extraordinary meta has exceeded endless expectations across the board exactly now signaling a rebound in the digital advertising Market earnings per share came in at an impressive 2.98 surpassing the expected 2.91 meta's Revenue sold to a staggering 32 dollar 32 billion dollar

Meta reported double digit growth since the end of 2021

The second quarter of this year saw an acceleration in US economic growth, exceeding analysts' expectations and supporting the Biden administration's claim that the boom is picking up steam. The government reported on Thursday that the GDP increased by 2.4 percent on an annualized basis from April through June. This is the second piece of good news for the White House this week after forecasts from the Congressional Budget Office and experts at the Federal Reserve indicated that the United States will avoid a recession this year.

US: World's largest economy defies growth expectations

According to a groundbreaking research paper by the reserve bank of India, the country aims to achieve developed nation status by 2047. To achieve this, India must maintain an astounding annual growth rate of 7.6%. The current per capita income stands at $2,500, but to meet the high-income country criteria set by the world bank, India must soar to more than $21,664 by 2047.

India needs 7.6% growth to achieve developed status

The big China GDP number is out. China grew by 6.3% in the April to June quarter of 2023. That's compared to the same period in 2022 when the economy barely grew. The latest number is still below analysts’ expectations and may force Chinese policymakers to unveil more measures to support the economy.

China grew 0.8% in the April-June quarter of 2023

The latest United Nations report on trade and development shed light on the UK's exports, revealing that, aside from Japan, the UK has had the worst export track record among the G7 countries. According to the UNCTAD, UK goods and service exports were worth 813 billion pounds in 2012. and it only increased by 6% to $862 billion in 2021.

Export growth remains sluggish in UK

Now let's take a closer look at Nairobi, known as the 'green city in the sun. Situated at an altitude of 1,795 meters above sea level, this bustling metropolis boasts of a pleasant climate and numerous green spaces. Take a look.

Nairobi's biodiversity faces threats amid urban growth

India’s North Eastern region has historically faced challenges related to infrastructure development, connectivity, insurgency, and economic development but transformation of India’s gateway to its neighbours in the East has been the main focus of the Indian government in recent years.

Growth of India's North-East region

Experts have been astounded by China's growth over the past few decades, but there is a new force driving global growth. India's young population, government policy, and consumer spending could offer several benefits.

Explained: Is India the best investment destination?

After growing for three months, China's manufacturing activity fell unexpectedly in April. That is bad news for a country that is trying to bounce back from just 3% growth last year.

Global slowdown hits China's factories

Here we bring you a quick round-up of all latest news, top headlines and international breakings from all across the globe, stay tuned with Gravitas for more!

Gravitas Global Headlines: IMF chief says growth for the next 5 years will stay around

The World Bank (WB) and the Asian Development Bank (ADB) on Tuesday lowered the growth projection for the current financial year, citing weak global conditions and higher interest rates.

World Bank, ADB project moderation in growth for current fiscal

Russian news agency, Sputnik claims that china and Russia had become world leaders in trade surplus in 2022. This statistic has raised doubts about the impact of US-led sanctions against Russia for invading Ukraine. The study done by Sputnik was based on data from the national statistical agencies of the world's 60 largest economies.

Report says Russia moves up to 2nd place among major global economies

China announced a 5% growth goal for 2023 on Sunday as the nation's rubber-stamp Parliament convened for its annual session, ushering in a new era for President Xi Jinping as he began an extraordinary third five-year term.

China sets economic growth target for 2023 at 'around 5%'

Airbnb Inc. gave an outlook for revenue in the first quarter that beat analysts’ estimates, signaling that travel demand remains robust even after a record year for growth in 2022. The shares jumped as much as 12% in extended trading.

Airbnb clocks first profitable year on strong travel demand

Adani Transmission registered a 22 percent growth in revenue for the quarter at Rs 3,552 crore compared to year-ago period, led by new transmission lines becoming operational and a positive trend in energy demand.

India: Positive start for Adani shares

According to the Economic Survey 2022-2023, India's economy is likely to grow at 6-6.8% in the next fiscal year starting April 1 depending on the trajectory of economic and political developments globally.

WION Fineprint | India's Economic Survey: GDP growth to slow down to 6-6.8%

Economic survey projects India's growth likely to slow to 6-6.8% in next fiscal year

After a near-certain contraction last year for the third time since 2019, Hong Kong’s economy is coming back stronger this year and may even grow faster than rival financial hub Singapore for the first time in more than a decade.

World Business Watch: Hong Kong's GDP growth likely to be above Singapore's

Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag.

India to grow at 7% in FY23, lose fastest growing economy tag to Saudi Arabia

The International Monetary Fund reported on Friday that India is navigating an "extremely tough" external environment, projecting growth rates of 6.8 per cent and 6.

IMF projects 6.8 per cent GDP growth for India next year

Sri Lanka is hoping to get $5 billion from multilateral agencies as loans next year along with an IMF deal, as the government is working towards raising around $3 billion through restructuring of state assets, Sri Lanka’s Foreign Minister Ali Sabry told Reuters on Wednesday.

‘Growth can return’, says Sri Lankan FM, as govt aims to raise $8 billion in loans

Workers across the UK are preparing for a strike over pay amidst an analysis report saying that 2022 has been the worst year for real wage growth.

TUC: 2022 the worst year for real wage growth in almost 50 years | UK

The US services industry activity has unexpectedly picked up last month. Economy continues to create jobs last month and wage growth is accelerating.

World Business Watch | US services sector activity unexpectedly accelerates in November

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