India has topped the global rice export market in 2022, exporting 21.5 million metric tons of rice, according to the International Rice Research Institute (IRRI). This is the second consecutive year that India has topped the rice export market.

Thailand came in second place, exporting 8.2 million metric tons of rice. Vietnam, Pakistan, and the United States rounded out the top five rice exporters.

The global rice market is expected to continue to grow in the coming years, driven by the increasing demand for rice in developing countries.

The IRRI said that the growth of the global rice market is being driven by a number of factors, including:

• The increasing population in developing countries
• The growing affluence of people in…

The United States has devised six proposals explicitly designed to limit greenhouse gas emissions in 2023 that are responsible for climate change. The US people have been battling whether to prioritize the environment or the economy over the last few decades.

A recent survey shows people have chosen an environment dating to the 80s and 90s nationally. Still, this scenario took another shape as the new age began in the nation. However, the support for the environment comes forward with options like 59 percent of people supporting the setup of electric vehicle stations in the United States and some 89 percent supporting providing tax credits to Americans who would install clean energy systems at their homes, among others. Also, to provide…

The World Bank publishes data on world development indicators, holding Europe's gross domestic product at about 1.6 percent in agriculture, forestry, and fishing for 2023. In the spring of 2023, European Union farmers have shown resilience due to above-average input costs and lower commodity prices.

Germany is the least dependent on agriculture among the European countries as the service sector covers up around two-thirds of the gross value added. In contrast, the United Kingdom and Switzerland have 0.7 and 0.6 percent dependency on agricultural yield, respectively. Agriculture is more important for Albania and the Republic of Moldova, with a gross domestic product (GDP) rate of 17.7 and 10.6 percent, respectively. In developed countries…

Cebu has retained its position as the wealthiest province in the Philippines in 2023, with total assets of PHP 208.27 billion, according to the Commission on Audit (COA). This is followed by Rizal and Batangas, with total assets of PHP 28.7 billion and PHP 26.3 billion, respectively.

The COA said that the wealth of the provinces is based on their total assets, which include cash and investments, properties, and receivables.

The report said that the wealth of the provinces is a reflection of their economic activity and development. The provinces with the highest levels of economic activity and development tend to have the highest levels of wealth.

The COA said that the wealth of the provinces is also a testament to the hard work and…

Organization for Economic Co-operation and Development (OECD) has published a report for the 2023 labor market and artificial intelligence focusing on the manufacturing and financial sectors. The OECD Outlook 2023 gives a deeper understanding of the benefits and downsides of artificial intelligence (AI) in the workplace.

According to OECD Outlook 2023, the United Kingdom proves to be the foremost among other countries when it comes to the active engagement of employers in consulting their employees and the worker representatives regarding the usage of artificial intelligence at the workplace. Ireland and Germany come next to the United Kingdom, but the United States and France are far behind in the list of countries actively involved in…

Mexico ranks top as the trading partner for the United States at the beginning of 2023, according to the most recent data published by the U.S. Census Bureau. Mexico's total trade with the United States increased by 12 percent year-over-year to USD 64 billion compared to the same period in 2022. Canada ranks second, and China ranks third with their trade with the United States, with USD 62 billion and 51.3 billion, respectively, in 2023

With most of the exports for the United States going to Mexico, Canada, China, Japan, and the United Kingdom, the country exported to a record of 39 countries in 2022, as per USA Facts. The U.S. imported USD 4 trillion in goods and services and exported USD 3 trillion in 2022, and the biggest trading…

Japan is one of the biggest importers of energy commodities, and the country suggests setting up a global emergency reserve for natural gas like the emergency reserve for oil requirements by the International Energy Agency (IEA) to control any future shortages and hikes in the prices of resources.

According to reliable sources, Japan is expected to put forward the idea of global emergency gas stock at a natural gas conference in Tokyo in July 2023. The European Union has a collective target to have gas storage sites to 90 percent by November 1st of every year after some geopolitical issues. Japan's proposal for an emergency reserve of natural gas is very similar to the IEA emergency oil stocks. Japan is the founding member of the IEA…

Artificial intelligence (AI) plays a significant role in almost every global market sector. This technology helps in creating new work opportunities along with new business models. By supplementing human capabilities, artificial intelligence contributes in various ways that can lead to higher productivity and more human workforce demand.

The Organization for Economic Cooperation and Development (OECD) has released a new report on the employment outlook 2023. It talks about various risks due to artificial intelligence and the significant issues that must be addressed urgently. One among the series of threats that comes with artificial intelligence is trustworthy usage. This issue includes privacy, security, transparency, accountability, and…

The electric vehicle (EV) maker company Tesla is growing its production and reaching new levels of achievement in the global market. The company released its second-quarter earnings in 2023 in July. It cited the second quarter earnings as the record quarter on many platforms due to production and deliveries together as a joint venture for better results.

The company gained around USD 25 billion in revenue in a single quarter and is pleased to achieve this figure. Simultaneously, Tesla has also marked the challenges faced by the company to overcome the macroeconomic environment and cites it as exciting in tackling the occurring issue. The company is playing on the market with the strategy of investing in the long-term market share over…

China is enhancing its position in renewable power by making the country's place in the top globally in 2023. The country hopes to improve its position in its own energy targets.

According to the information given by Global Energy Monitor, by doubling its capacity, China expects to generate 1200 gigawatts of wind and solar energy by the end of 2023 to achieve its 2030 goal in the same segment in five years. Global Energy Monitor is an NGO that tracks the operation of utility-scale wind and solar farms as future targets of China. The source adds that China's utility-scale solar capacity has achieved 228 gigawatts in the first quarter of 2023. The achieved goal is even more than the rest of the world could achieve. The power installations…

China is ahead of other economies in selling battery electric vehicles (BEV) and will soon lead globally. Whether electric car sales will remain higher than the 20 percent target in 2023 is uncertain.

Based on a survey, China has become the forerunner of the global battery electric vehicle (BEV) in the last ten years by raising its annual sales from 10,000 in 2012 to 4.4 million in 2022 for electric cars. The electric car sales in January 2023 sank, nearly 10 percent lower than in January 2022 as the demand declined for various reasons. According to the data released by the International Energy Agency (IEA), three countries showed that most BEVs sold in 2022 were among the top five countries. It has been the scenario since reducing carbon…

The rate of price rises in the supermarkets of the United Kingdom hit a new high in May 2023 due to chocolate, coffee, and non-food goods. The British Retail Consortium (BRC) and NielsenIQ said that the overall inflation rate at grocers is 9 percent. The prices for fresh food have fallen marginally, and the costs of some commodities like cocoa and coffee have jumped.

The government asks supermarkets to set a limit for prices on food items to help with inflation, which would be voluntary, and limit the price of basic foods like bread and milk. But the BRC on dismissing caps states that the government should ignore the delays caused due to government services, so resources could be directed towards keeping prices low. Sainsbury cut the cost…

Deaths from drug-resistant infections are expected to rise by 2050, according to the United Nations (UN) report in 2023. Necessary Actions should be taken, or else it can lead to a shortfall of USD 3.4 trillion in the Gross Domestic Product (GDP) annually in the next decade from 2023 onwards and push 24 million more people into poverty.

Climate change and antimicrobial resistance are a great threat to global health, as per the new reports from the UN in 2023. According to recent estimations in 2019, 1.27 million deaths were attributed to drug-resistant infections globally, while 4.95 million deaths were linked to bacterial Antimicrobial Resistance (AMR). It is above the death counts of major killers HIV/AIDS and malaria, that has claimed…

The United Nations Department of Economic and Social Affairs (UN DESA) has recently, in May 2023, organized a meeting of the expert groups regarding "Cooperatives in social development: supporting cooperatives as Sustainable and successful business enterprises." There were various objectives based on which the meeting was conducted, but having insights and recommendations for expanding the cooperative sector was the focus of discussions.

In 2020, with the highest turnover, the State Farm was the United States cooperative, and in the corresponding year, the mutual insurance produced an income of approx. USD 42 billion. Cooperatives generally own the most successful companies in the United States in two sectors – insurance and agriculture &amp…