IBGR.NEWS - GLOBAL ECONOMY UPDATES 7FEB22

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Karnataka will play major role in making India $5 trn economy: CM
Business Standard, Press Release, 17JAN22

• Karnataka is a state in southwest India with Arabian Sea coastlines. The capital, Bengaluru (formerly Bangalore), is a high-tech hub
• Karnataka is in the number one spot in IT BT sector in the country. The first software company in Karnataka was started in 1980. It has seen rapid growth since then and the state has the maximum share in IT BT exports

Unlocking the $12.6-Trillion machine economy on Web3
Cryptoslate, Olivier Acuna, 17JAN22

• $IOTX is the entryway to the most efficient, easiest, and most secure blockchain network in the world. IOTX’s network value increases as more and more devices are added to the network.
• There’s a lot of opportunity in —Web3 and MachineFi— not just from a monetary perspective but also in advancing state of the art, so I am really excited about that

Small Businesses Add 204,000 Jobs to US Economy
SmallBizTrends, Lisa Price, 11JAN22

• Small businesses experienced strong job growth during December 2021, according to the latest ADP Small Business jobs report.
• ​During December small businesses (fewer than 50 employees) saw an increase of 204,000 jobs. The previous month, the small business job increase was 115,000 jobs.
• Service providing jobs were the bulk of the small business growth at 185,000. Businesses of 1-19 employees saw an increase of 96,000 jobs while those with 20-29 grew by 89,000 jobs.
• Goods producing jobs for small businesses grew by 19,000 (8,000 very small and 11,000 small).
• Franchise jobs increased by 39,400, compared to 35,300 the previous month.

Africa: Time for African Creatives As Digital Economy Picks
AllAfrica, Staff, 5FEB22

• Africa's cultural goods sector is estimated to employ about half a million people. The sector generates US$4.2 billion in revenues. Digital platforms are fueling the growth of performers, artists, musicians, and others by allowing them to reach global audiences

Start-up innovation drives UK’s emerging quantum economy
Physics World, Staff, 12JAN22

• Quantum computing harnesses the phenomena of quantum mechanics to deliver a huge leap forward in computation to solve certain problems.
• The UK’s quantum computing ecosystem is gathering momentum, with a clutch of early-stage companies attracting significant investor funding to build the quantum computers of the future.

The entrepreneurial spirit inspired by the pandemic will future-proof our economy
City AM, ARJUN CHOPRA, 26JAN22

• It is considered almost universally true that “business hates uncertainty”. A lack of predictability stifles investment, scares off backers and gives business owners sleepless nights – but it also gives oxygen to creativity.
• That’s mirrored what entrepreneurs have been doing: they’ve been expanding internationally, using new tools – and good old fashioned video calls – to scope out markets and make connections.

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