The IMF estimated that global growth should remain stable, but disappointing. Some regions have seen downward revisions due to disruptions in the production and transportation of essential goods, conflicts and extreme weather events. The United States has increased its projects in return for significant reductions in European countries.
- Google announces with the new Willow Advertising processor a major advance in the field of quantum computing which will make it possible to shatter all calculation records. A powerful chip that offers unprecedented performance.
- China promises new targeted economic aid due to the slowdown in its exports. This aid aims to promote growth and mitigate negative consequences on local businesses. There will be tax cuts, grants and loans for small and medium-sized businesses. This is an interesting initiative to understand how China is trying to revive its economy.
- Stellantis and CATL, the Chinese battery manufacturer, announce the construction of a battery factory in Spain worth 4.1 billion euros. This factory will be located in Zaragoza and will have to begin production. It should be able to produce 50 Gigawatt hours (GWh) and power around 700,000 vehicles per day.
This project is an important step for the European automotive industry, which helps reduce its dependence on batteries imported from Asia and strengthen its own production possibility. Additionally, the factory will be 100% carbon-free, in line with Stellantis’ sustainability goals.
The 2024 Nobel Prize in Economic Sciences
Daron Acemoglu, Simon Johnson and James Robinson received the Nobel Prize 2024 in Economic Sciences for their research on the prosperity of states and the place of institutions in the economy and growth.
