The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene's devastation. Original Image Link Source:www.msn.com
National Bank of Ukraine Governor Andriy Pyshnyy will draw on his experience to describe monetary policy implementation, maintaining financial stability, and Ukraine’s strong economic performance following the Russian invasion of Ukraine. He will also share how Ukraine’s lessons can extend to a global landscape increasingly characterized by unprecedented shocks, where policymakers worldwide seek to reconcile needs for innovative thinking and unconventional approaches with the imperatives of maintaining central bank independence and credibility.
With Andriy Pyshnyy, Governor of the National Bank of Ukraine
Published: 24th Oct 2024 03:24:01 By: IMF
IMF Video: Governor Talks - Costa Rica: Leveraging Macroeconomic Stability and Digital Payment Systems
Costa Rica has embarked over the years on a multi-dimensional reform program agenda, more recently supported by the successful completion of the EFF/RSF arrangements, that is helping reshape Costa Rica’s economy and advance its climate-related reforms. The Central Bank of Costa Rica has in parallel developed a centralized national digital payment system (SINPE) since early 2000s, which is currently used by more than 90 percent of Costa Rica’s population aged 18 and older. This event will first discuss Costa Rica’s achievements under the EFF/RSF programs and its reform agenda going forward. It will then showcase how SINPE has allowed the country to: (i) reduce transaction costs through a secure digital payment system; (ii) improve tax compliance by facilitating invoice payments; (iii) minimize the footprint of cash usage in an economy that is swiftly moving away from cash; and (iv) foster financial inclusion.
With Roger Madrigal Lopez, President of the Central Bank of Costa Rica
Published: 24th Oct 2024 02:36:39 By: IMF
IMF Video: Press Briefing: Fiscal Monitor, October 2024
With global public debt set to surpass $100 trillion this year, learn how countries should confront risks and get debt under control.
Tune in on Wednesday, October 23, as the Director of the Fiscal Affairs Department, Vitor Gaspar, presents the latest analysis the Fiscal Monitor at a press briefing.
Tune in for a conversation with Barbados Prime Minister Mia Mottley, who will discuss bold strategies to tackle the pressing issue of debt management and climate change. And Ghana’s Finance Minister Mohammed Amin Adam will address the challenges of handling debt in low-income countries. Today’s show will provide a deep dive into transformative economic reforms.
Published: 7th Oct 2024 07:28:40 By: IMF
IMF Video: Governor Talks - Where is Japan on Inflation and Monetary Policy
In 2024, the Bank of Japan (BOJ) discontinued the policy framework known as Quantitative and Qualitative Monetary Easing with Yield Curve Control, and raised the policy interest rate for the first time since 2007. Now that changes in firms' wage- and price-setting behavior have become more evident, the BOJ projects that, in the second half of the projection period of the latest Outlook Report, underlying inflation is likely to be at a level that is generally consistent with the price stability target of two percent. Of course, there are a variety of both upside and downside risks. APD Director Krishna Srinivasan will be joined by the BOJ Governor Kazuo Ueda to discuss where Japan’s inflation and monetary policy are.
Published: 16th Oct 2024 03:47:51 By: IMF
World Economic Forum Video: Transportation’s 'moment of reinvention' - what could drive equity, sustainability and more
Unsafe, costly transit contributes to everything from wealth and equity gaps to pollution. But as cities grapple with growing populations, shifting needs, technological advancement and the energy transition, we’re approaching a moment of reinvention that could lead to positive change if planned correctly. Benjamin de la Peña, the CEO of the Shared-Use Mobility Center breaks down the incentives and strategies that could drive more climate-ready, equitable, safe and affordable transportation. He also discusses the importance of systems thinking and planning that factors in the generations to come -- thinking that can help any leader make big change happen.
Published: 23rd Oct 2024 11:45:31 By: World Economic Forum
World Economic Forum Video: AMGFC24 - Betazone: Keeping AI on Track
From bespoke gene editing to AI-powered healthcare, we are living in an age of breakthroughs propelled by advances in AI. What are the trade-offs societies and industries need to manage as AI adoption progresses?
Speaker:
Erik Brynjolfsson, Jerry Yang and Akiko Yamazaki Professor; Director, Digital Economy Lab, Stanford University
Host:
Zeina Soufan, Senior Anchor, Asharq News
This is the full audio from a session at the Annual Meeting of the Global Future Councils 2024 in Dubai on 16, Oct, 2024. Watch it here: https://www.weforum.org/events/annual-meeting-of-the-global-future-councils-2024/sessions/keeping-ai-on-track/
Links:
Article based on this session: https://www.weforum.org/agenda/2024/10/ai-augment-rather-than-dictate-human-action/
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Published: 22nd Oct 2024 09:23:19 By: World Economic Forum
World Economic Forum Video: What Is the Informal Economy? & Sustainable Space Exploration | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 What is the informal economy? – Erika Kraemer-Mbula is an expert on alternative development paths. She says the informal economy is more prevalent than many think, two-thirds of overall employment. It touches many areas, from retail to transport, domestic care, and even creative and intellectual labour.
4:49 Sustainable space exploration – Alice Bunn is the former head of the UK’s space agency and now leads UKspace, its space trade association. Billionaire space missions may steal the headlines, Bunn says, but the majority of space programmes benefit everyday lives all over the world.
9:32 AI can help preserve languages – 7,168 languages are spoken in the world today. But one dies out every 40 days. 90% could fall silent forever in the next 100 years. One key problem is that generative AI is trained on just a few of the world’s languages.
14:06 How tech can bridge access to justice – Gerald Abila was raised in Uganda in the 1980s during a period of bloody civil conflict. Abila planned on becoming an engineer. But his studies prompted the question: What’s the most powerful tool we can use to engineer a peaceful society? His answer: the law.
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Published: 19th Oct 2024 12:00:37 By: World Economic Forum
World Economic Forum Video: Closing Plenary: Collaboration for the Intelligent Age
Join this closing plenary to explore how the Global Future Councils can contribute to building intelligent economies and societies as the Annual Meeting of the Global Future Councils draws to a close.
Published: 18th Oct 2024 02:02:14 By: World Economic Forum
World Economic Forum Video: Collaboration in A More Contested World
The current turbulent geopolitical context has seen a rise of conflict and competition and a decline of trust in international systems.
As we reach a geopolitical tipping point, how can we build innovative pathways of cooperation to advance shared priorities?
Published: 18th Oct 2024 12:24:45 By: World Economic Forum
Business Video: Former CEO of Abercrombie & Fitch indicted on sex trafficking charges
Mike Jeffries, the former CEO of Abercrombie & Fitch, has been indicted on 16 federal counts of sex trafficking and international prostitution in New York, and is accused of leveraging “a network of employees, contractors and security professionals” while he led the retailer. #CNN #News
Published: 22nd Oct 2024 07:15:00 By: CNN
Business Video: I test drove Volkswagen's electric revamp of its retro van. Is it worth $60,000?
Struggling to regain popularity in America, Volkswagen is hoping the all-new ID. Buzz electric van can tug at vintage heart strings. Having grown up with an original VW gas powered van, CNN’s Peter Valdes-Dapena phoned in his brothers for this electric test drive.
#cnn #news #carreview #car #volkswagen
Produced by John General and Zach Wasser
Senior Producer: Jackson Loo
Reporting by Peter Valdes-Dapena
Thumbnail courtesy Adobe Stock Photo/CNN
Published: 21st Oct 2024 03:14:28 By: CNN
Business Video: 'A toaster on wheels': Swisher reacts to Musk unveiling 'Robovan'
Embattled Red Lobster has a new CEO, and he’s just 35 years old. CNN reporter Nathaniel Meyersohn sat down with Damola Adamolekun over some shrimp and lobster tail to chat the future of the seafood company and the young CEO’s approach to work. #cnn #news #redlobster
Shot by Zach Wasser, Benjamin Evans, FJ Feng
Editor/Producer: John General
Senior Producer: Alexandra King
Reporter: Nathaniel Meyersohn
Published: 4th Oct 2024 03:00:54 By: CNN
Business Video: Telegram CEO’s arrest sparks debate over free speech online
The detention of the Russian-born billionaire founder of Telegram, a messaging app known for its unfiltered content, has sparked debate about freedom of speech and illegal content on the internet. Pavel Durov, 39, was detained at Paris’s Bourget Airport Saturday on a warrant related to Telegram’s lack of moderation. CNN’s Clare Duffy, and then senior researcher at the University of St. Gallen Matias Dewey, join Richard Quest to discuss. #CNN #news
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Wed, 23 Oct 2024 10:40:00 GMT Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.
Tue, 22 Oct 2024 17:00:00 GMT Small business owners should stay alert too and recognize that the scammers can strike both online and in person. “We’ve seen an uptick in cyberattacks during disasters,” said Jennifer Butler, partner ...
Tue, 22 Oct 2024 16:16:00 GMT Businesses, nonprofits, homeowners and renters in Tennessee counties hit hard by Hurricane Helene can receive disaster loans from the U.S. Small Business Administration (SBA). The SBA announced in a ...
Mon, 21 Oct 2024 14:39:00 GMT The Small Business Administration has run out of funding for disaster assistance loans for small businesses impacted by the January 2024 storm and flooding, but encourages businesses in need to ...