Jihad Azour, IMF’s Director of the Middle East and Central Asia Department, outlines three key facts about the economic outlook for the Middle East and North Africa.
You can read the full report: https://www.imf.org/en/Publications/REO/MECA/Issues/2024/10/24/regional-economic-outlook-middle-east-central-asia-october-2024
Published: 1st Nov 2024 09:29:41 By: IMF
IMF Video: Africa Perspectives: Worlds Apart: Exploring Inequality from an African Lens
Join Professor Branko Milanović, senior scholar at the Stone Center on Socio-Economic Inequality of the City University of New York, and Abebe Aemro Selassie, Director of the IMF African Department, for a discussion on practical strategies that African policymakers can employ to effectively address and reduce inequality—and how the Fund can support them in these efforts. https://imf.org/africaperspectives
Published: 1st Nov 2024 02:25:32 By: IMF
IMF Video: Regional Economic Outlook for Asia & Pacific | October 2024
OUT NOW: Read our latest Regional Economic Outlook for Asia and Pacific: Resilient Growth But Higher Risks
Growth in Asia was resilient in the first half of 2024. As a result, we have upgraded our growth forecast for the region to 4.6% for this year, and to 4.4% for 2025. With this, Asia remains the world’s growth engine, accounting for 60% of global growth this year.
Learn more: https://www.imf.org/en/Publications/REO/APAC/Issues/2024/10/31/regional-economic-outlook-for-asia-and-pacific-october-2024
As the 2024 Annual Meetings come to a close, IMF Communications Director Julie Kozack recaps the key moments and developments from the week. Nigel Clarke, Finance Minister & The Public Service of Jamaica discusses the country’s remarkable economic turnaround, and Bihi Iman Egeh, Minister of Finance, Federal Government of Somalia delves deep into their fiscal journey to debt relief. To mark 80 years since the Bretton Woods Conference, IMF historian Rex Ghosh closes by offering a fascinating look into the Fund’s journey and future outlook.
Published: 26th Oct 2024 09:36:57 By: IMF
World Economic Forum Video: Growth for Green Jobs in 2023 & Cash Hoarding Affects EU Growth | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 2023 saw highest growth for green jobs – The number of renewable jobs worldwide shot up by 18% last year, from 13.7 million in 2022 to 16.2 million in 2023. The rise was driven by the global surge in renewable generation capacity as well as continued growth in equipment manufacturing, according to a new report from IRENA and the ILO.
1:59 4 ways AI could save your life – AI can enable personalized care based on health risks in your local area. Mayo Clinic in the US has developed an AI-powered index which uses publicly available housing data to identify patients’ socio-economic situations so this information can be built into their healthcare provision.
5:38 Bridging the gender care gap at work – Caregiving is not shared equally between men and women. Women on average perform 4 times more unpaid care work than men, and they’re more likely than men to step back from their careers to act as caregivers. How can employers can help men and women close this gap?
8:43 Cash hoarding affects EU growth – Households in Europe are saving at their highest rate in years. This behaviour is measured by the household investment rate, which fell to 9.5% across the EU in the first quarter of 2024, its lowest level since 2021. Economic anxiety has also played a role in the rise in saving rates.
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Published: 2nd Nov 2024 01:00:35 By: World Economic Forum
World Economic Forum Video: CEO Climate Alliance | Gim Huay Neo
With climate and biodiversity on the global agenda, the business benefits of net zero are clear, says Gim Huay Neo, co-chair of a Global Alliance of CEO Climate LeadersIn an open letter ahead of #COP29, the Alliance of CEO Climate Leaders calls for urgent action to combat climate change.
Highlighting the critical role of collaborative leadership from business and government, the world's largest CEO-led climate community is advocating for ambitious, science-based targets to support climate action and spur investment.
Read the full letter: wef.ch/COP29OpenLetter24
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 31st Oct 2024 02:09:08 By: World Economic Forum
World Economic Forum Video: CEO Climate Alliance | Jesper Brodin
Jesper Brodin, CEO of Ingka Group [IKEA], says businesses and governments need to work closely together to ensure the world meets climate targets.
In an open letter to public and private sector leaders ahead of COP29, the Alliance of CEO Climate Leaders calls for urgent action to combat climate change. Highlighting the critical role of collaborative leadership from business and government, the letter advocates for ambitious, science-based targets to improve the business case for climate action and spur investment.
Read the full letter: wef.ch/COP29OpenLetter24
#AllianceofCEOClimateLeaders
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 30th Oct 2024 11:21:07 By: World Economic Forum
World Economic Forum Video: CEO Climate Alliance Letter | Ester Baiget
Ester Baiget, Novonesis CEO, says ramping up existing nature-based solutions could cut global carbon emissions by 8%.
In an open letter to public and private sector, leaders ahead of COP29, the Alliance of CEO Climate Leaders calls for urgent action to combat climate change. Highlighting the critical role of collaborative leadership from business and government, the letter advocates for ambitious, science-based targets to improve the business case for climate action and spur investment.
Read the full letter: wef.ch/COP29OpenLetter24
#AllianceofCEOClimateLeaders #Climate #ClimateChange #COP29 #biosolutions
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 30th Oct 2024 11:20:14 By: World Economic Forum
World Economic Forum Video: AMGFC24: The Nexus of Innovation
As the Fourth Industrial Revolution advances, foundational technology domains are converging to create new opportunities. In addition to their breakthrough potential, the simultaneous development of quantum, robotics, AI and more are accelerating mutual advancements.
What are the driving forces behind this convergence and how can organizations position themselves strategically within it for future growth?
This is the full audio from a session at the Annual Meeting of the Global Future Councils 2024 in Dubai on 17 Oct, 2024. Watch it here: https://www.weforum.org/events/annual-meeting-of-the-global-future-councils-2024/sessions/the-nexus-of-innovation/
Speakers:
Chantal Shen, Chief Scientist, Synthetic Biology, BGI Research
Hoda Al Khzaimi, Director, Centre for Cybersecurity, New York University Abu Dhabi
Freeke Heijman, Founder and CEO
Azeem Azhar, Chief Executive Officer, Exponential View
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Published: 30th Oct 2024 08:04:25 By: World Economic Forum
Business Video: Trump is almost 2 billion in debt and the amount is growing
Former President Donald Trump's debt obligations currently amount to around $1.8 billion, and that amount is growing every month. CNN's Erica Hill speaks with Forbes senior editor Dan Alexander about Trump's financial situation. #CNN #News
Published: 1st Nov 2024 12:32:39 By: CNN
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
Sat, 02 Nov 2024 07:55:00 GMT The 18-page economic paper, published by German news media, was written by Christian Lindner ... drop a special “solidarity tax” intended to help fund German reunification, and follow European Union ...
Fri, 01 Nov 2024 09:23:00 GMT European shares opened higher on Friday, helped by gains in energy stocks, but were set for their worst week in nearly two months.
Fri, 01 Nov 2024 07:27:00 GMT Germany's finance minister is pushing for tax cuts and fiscal discipline in a position paper seen by Reuters on Friday that challenges an investment plan by the economy minister, laying bare a deep ...
Thu, 31 Oct 2024 09:30:00 GMT Germany narrowly escaped a recession in the third quarter, official data showed Wednesday, offering some relief to Europe’s biggest economy as its fortunes falter.
Thu, 31 Oct 2024 00:02:00 GMT Inflation and unemployment from the euro area and retail sales from Germany are the top economic news due on Thursday. At 3.00 am ...