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Business / 2 weeks ago
How market capitalisation milestones reveal a century of economic power shifts
From U.S. Steel becoming the world’s first billion-dollar company in 1901 to Nvidia’s projected rise toward a $5 trillion valuation, market capitalisation milestones trace a century-long shift in global economic power from heavy industry to consumer technology and now artificial intelligence. From U.S. Steel becoming the world’s first billion-dollar company in 1901 to Nvidia’s rise toward a $5 trillion valuation, market capitalisation milestones trace a century-long shift in global economic power from heavy industry to consumer technology and now artificial intelligence. At the start of the 20th century, U.S. Steel’s $1.4 billion valuation reflected an economy driven by railroads, construction, and large-scale manufacturing, with steel forming the backbone of global industrial growth.
World / 16 weeks ago
India surpasses China to become the new rice powerhouse
For decades, China held the top spot in global rice production. But data is now showing a pivotal shift: India has overtaken China, producing an estimated 150 million metric tons of rice in the 2024–25 marketing year, about 27–28% of global output, according to the USDA. At the same time, China trails closely behind, producing around 145 million metric tons. This shift comes on the heels of record-breaking harvests and a boom in acreage. The USDA’s World Agricultural Outlook Board highlights that India has expanded its harvested rice area to 50–51 million hectares, delivering yields that are among the highest seen, driven by favourable monsoon rains, government support via minimum support prices (MSP), and high-performing seed varieties.
Business / 38 weeks ago
Best long-term stocks to invest in: 30-year market winners
Over the past three decades, certain stocks have demonstrated exceptional performance, yielding substantial returns for investors. An analysis by U.S. News & World Report highlights the top 10 best-performing stocks from August 1994 to July 2024. These companies have not only delivered impressive total returns but have also significantly multiplied initial investments.
