Employers added booming 272,000 jobs in May despite growing household financial strains. Unemployment rose to 4%. Original Image Link Source:www.usatoday.com
Launch of the 2024 IMF Global Debt Database—the most comprehensive debt data in the world. A panel discussion with the IMF’s Vitor Gaspar, S&P Global’s Ruth Yang, Brookings’ Gian Maria Milesi-Ferretti, and LSE’s Luiz Awazu Pereira da Silva, moderated by the FT’s Chris Giles.
Published: 4th Dec 2024 03:07:55 By: IMF
IMF Video: Closing Session - 12th IMF Statistical Forum: Measuring the Implications of AI on the Economy
Growth in the Caucasus and Central Asia remains robust and broad-based. Still, the region is exposed to geoeconomic developments and countries face heightened uncertainty amid tentative signs that trade, financial flows, and migration patterns are changing. Moreover, boosting medium-term growth will require effective reform implementation. In this context, what policies and reforms can help countries create a predictable environment conducive to investment and sustainable economic growth?
A distinguished panel of speakers explores these pivotal issues and many more from the IMF’s latest Regional Economic Outlook for the Middle East and Central Asia and take questions from the audience during the Q&A portion of the event.
Published: 22nd Nov 2024 02:08:42 By: IMF
IMF Video: Перспективы развития региональной экономики стран Центральной Азии и Кавказа. Три важных факта
Директор Департамента стран Ближнего Востока и Центральной Азии МВФ Джихад Азур выделяет три ключевых факта, касающихся перспектив экономического развития стран Ближнего Востока и Северной Африки. С полным текстом доклада вы можете ознакомиться по ссылке: https://www.imf.org/ru/Publications/REO/MECA/Issues/2024/10/24/regional-economic-outlook-middle-east-central-asia-october-2024
Published: 21st Nov 2024 07:22:33 By: IMF
IMF Video: Central Asia and Caucuses Regional Economic Outlook: Three Essential Facts
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: 21st Nov 2024 04:24:05 By: IMF
World Economic Forum Video: Safeguarding Green Spaces & Heavy Industries Push for Net Zero | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 How corruption damages society – Corruption is a pervasive issue that undermines societies, economies, and governance. Defined as the abuse of entrusted power for personal gain, it has far-reaching consequences that go beyond financial losses. Understanding its impact and adopting strategies to fight it are critical to creating more equitable and sustainable societies.
4:29 Tips for safeguarding green spaces – Just 37% of the world’s 500 most populous cities have developed a dedicated strategy around nature and biodiversity preservation. Travis Beck is Chief Park Officer at the Presidio, a historic national park site in California’s San Francisco Bay Area. He discusses 3 ways the park is safeguarding its future under his watch.
7:24 Heavy industries push for net zero – Eight heavy-emitting sectors account for around 40% of global greenhouse gas emissions. These sectors play a key role in the global economy. Demand is set to rise more than 60% by 2050, so it’s imperative to make them more sustainable. How are they getting on? The Net Zero Industry Tracker has the answers.
10:42 Impact of climate change on profits – Researchers have calculated the business risks posed by climate hazards such as extreme weather, which pose a threat to companies’ fixed assets such as property, machinery and equipment. Together, these losses could cut 7% from companies’ profits every year by 2035, half as much as the losses incurred during the worst of the COVID-19 pandemic.
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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: 21st Dec 2024 01:01:01 By: World Economic Forum
World Economic Forum Video: How do we make the green transition fair for everyone?
A sustainable future is not just about going green—it’s about fairness, equity, and ensuring no one is left behind.
From empowering workers with green skills to addressing economic inequalities, the Equitable Transition Initiative brings leaders together to create a future that’s both sustainable and fair.
Watch our film and learn more about how we’re making this vision a reality at the Equitable Transition Initiative:
: https://initiatives.weforum.org/equitable-transition-initiative/home
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.
World Economic Forum Website ► http://www.weforum.org/
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#InclusiveGrowth #ClimateAction #EnergyTransition #GreenSkills #wef25
Published: 20th Dec 2024 04:08:00 By: World Economic Forum
World Economic Forum Video: A music superstar, romance fraud, and life-changing advice: highlights from the Forum's podcasts ...
One of the biggest names in music talks about AI and human soul. The victim of the 'Tinder Swindler' highlights a multi-billion dollar cyber crime. And leaders from business and civil society share life-changing advice.
In 2024, some of the brightest minds spoke to the World Economic Forum's podcasts Radio Davos and Meet the Leader. In this 'Best Of' episode, podcast hosts Robin Pomeroy and Linda Lacina each select three highlights from a busy year.
Featured episodes:
AI vs Art: Will AI rip the soul out of music, movies and art, or help express our humanity? (https://www.weforum.org/podcasts/radio-davos/episodes/ai-vs-art-nile-rodgers-hollywood/)
Build a culture of innovation: HPE's CTO shares what must be in place (https://www.weforum.org/podcasts/meet-the-leader/episodes/fidelma-russo-innovation-cto/)
Tinder Swindler: how 'romance fraud' became a multi-billion dollar cybercrime (https://www.weforum.org/podcasts/radio-davos/episodes/tinder-swindler-romance-fraud-cybercrime/)
IKEA HR chief shares decades of career lessons learned and what’s needed to bridge the gender equity gap (https://www.weforum.org/podcasts/meet-the-leader/episodes/ulrika-biesert-ingka-group-gender-equity/)
Can climate action survive geopolitical upheaval? (https://www.weforum.org/podcasts/radio-davos/episodes/gfc-geopolitics-climate-global-south/)
How to motivate your team - from an organization with 17 million volunteers (https://www.weforum.org/podcasts/meet-the-leader/episodes/jagan-chapagain-red-cross-red-crescent-disaster-insurance/)
Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :
YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts
Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164
Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560
Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552
Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub
Published: 19th Dec 2024 05:29:43 By: World Economic Forum
World Economic Forum Video: Skills in the Age of AI
By 2027, businesses predict that almost half (44%) of workers’ core skills will be disrupted. From AI tutors to lifelong learning schemes, what approaches and opportunities hold the greatest potential to close gaps and prepare people for tomorrow’s economy? This session has been developed in collaboration with CNBC.
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/meetings/annual-meeting-of-the-global-future-councils-2024/sessions/skills-in-the-age-of-ai/
Speakers:
Nela Richardson, Chief Economist and Environmental, Social and Governance (ESG) Officer, ADP
Dan Murphy, Anchor and Correspondent, CNBC
Stuart Russell, Professor of Computer Science, University of California, Berkeley
Jo O'Driscoll-Kearney, Chief Learning Officer, Majid Al Futtaim Holding
Abdallah Abu Sheikh, Founder and Chief Executive Officer, Astra Tech
Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :
YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts
Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164
Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560
Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552
Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub
Published: 16th Dec 2024 08:41:09 By: World Economic Forum
World Economic Forum Video: Open-Source Tool Maps Floods & Climate-Smart Farming | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 Open-source tool maps floods – After a catastrophic storm hit Thessaly in 2023, a local team used this digital platform to gather and collate information. This helped assess the damage, identify community needs and organize local volunteers. Ushahidi’s open-source platform crowdsources and collates reports from people on the ground so people can analyse and act on this data in real time.
3:06 Cities introduce ‘night mayors’ – More than 80 cities now have a night mayor, night czar or nightlife director with a mandate to make cities safe, vibrant and prosperous all through the night. This can involve managing high-spirited party-goers and providing reliable transport for night workers. As well as acting as a liaison for police, residents and businesses.
6:00 Quantum computing in medicine – Quantum simulators can model incredibly complex events, such as how molecules and atoms interact and how a new drug will behave when administered. They can simulate the molecular structure of a drug and its potential target proteins in the human body enabling researchers to predict how the drug will bind to its target and its potential therapeutic effect.
7:55 4 tips for climate-smart farming – Around the world, farming is a profession under pressure. The natural resources on which farming depends are under pressure. Climate-friendly agriculture can help provide a sustainable future for the planet and for farmers’ livelihoods. This approach is taking root on large farms in advanced economies.
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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.
World Economic Forum Website ► http://www.weforum.org/
Facebook ► https://www.facebook.com/worldeconomicforum/
YouTube ► https://www.youtube.com/wef
Instagram ► https://www.instagram.com/worldeconomicforum/
Twitter ► https://twitter.com/wef
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TikTok ► https://www.tiktok.com/@worldeconomicforum
Flipboard ► https://flipboard.com/@WEF
#WorldEconomicForum
Published: 14th Dec 2024 01:00:55 By: World Economic Forum
Reuters Video: VW reaches union deal to cut 35,000 German jobs after talks | REUTERS
Volkswagen announced big changes to its German operations, including more than 35,000 future job cuts and sharp capacity reductions in a last-gasp deal between Europe's top carmaker and unions to avert mass strikes.
#News #Reuters #Newsfeed #world #business #autos #jobcuts #Europe #Germany
Read the story here: https://reut.rs/49QUGYn
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Published: 21st Dec 2024 08:28:13 By: Reuters
Reuters Video: US House approves bill to avert government shutdown | REUTERS
The Republican-controlled House passed legislation that would avert a government shutdown, defying President-elect Donald Trump's debt ceiling demand. The Senate must now pass it before midnight on Friday, when the current funding expires.
#News #Reuters #Newsfeed #usa #politics
Read the story here: https://reut.rs/3DpXHCZ
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Published: 21st Dec 2024 01:05:46 By: Reuters
Reuters Video: Stocks rally after inflation data but close lower for the week | REUTERS
US stocks rallied, buoyed by a cooler-than-expected inflation report and comments from Federal Reserve officials that eased concerns about the path of interest rates.
#News #Reuters #Newsfeed #usa #stocks #business #markets #stocks
Read the story here: https://reut.rs/3VQbdpv
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Published: 21st Dec 2024 12:38:12 By: Reuters
Reuters Video: The Week in Numbers: the Fed cuts, and Donald does a deal | REUTERS
From a market-rattling outlook from the Fed to Bitcoin hitting a record high earlier, we round up the big stories in business and finance over the week.
#News #business #globalmarkets #federalreserve #Reuters #Newsfeed
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Published: 20th Dec 2024 07:59:06 By: Reuters
Reuters Video: Novo Nordisk plunges after obesity drug trial disappoints | REUTERS
Novo Nordisk said its experimental next-generation obesity drug CagriSema helped patients cut their weight by 22.7% in a late-stage trial, below the 25% it had expected, wiping as much as $125 billion off its market value.
#News #novonordisk #wegovyweightloss #ozempic #Reuters #Newsfeed
Read the story here: https://reut.rs/3P3SbbF
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Published: 20th Dec 2024 07:57:19 By: Reuters
Business Video: ‘Ridiculous’: Business owner responds to government shutdown threat
North Carolina restaurant owner Katie Button discusses what the disaster aid in the government funding bill means for hard-hit areas after Hurricane Helene. The US is just hours away from a government shutdown unless a funding plan is passed to avoid it. The House failed Thursday to pass a new Donald Trump-backed GOP proposal to fund the government into March, intensifying the threat of a shutdown ahead of the midnight deadline. #CNN #News
Published: 20th Dec 2024 05:10:28 By: CNN
Business Video: Woman took Ozempic for her diabetes. Then, she experienced an unexpected side effect
Former health insurance company executive Wendell Potter speaks to CNN’s Jake Tapper about what he witnessed as a health insurance executive that made him quit. #cnn #news
Published: 19th Dec 2024 12:33:05 By: CNN
Business Video: John Bolton reacts to NYT reporting on Elon Musk, SpaceX facing federal reviews
Former Trump national security adviser John Bolton joins CNN’s Kaitlan Collins to react to New York Times reporting that federal agencies have opened reviews of Elon Musk and SpaceX, looking into alleged repeated failures to comply with government protocols that protect US state secrets.
#CNN #News
Published: 18th Dec 2024 03:00:43 By: CNN
Business Video: Trump sues Iowa newspaper over poll that showed him losing
President-elect Donald Trump is escalating his legal campaign against media outlets by suing renowned pollster J. Ann Selzer, her polling firm, The Des Moines Register newspaper and its parent company Gannett. Harvard Law School professor Laurence Tribe joins CNN’s Erin Burnett to discuss. #CNN #News
Tue, 10 Dec 2024 12:19:00 GMT The Bureau of Labor Statistics, which tracks jobs and inflation, issued a report on what caused embarrassing episodes in which data was released improperly.
Fri, 06 Dec 2024 06:50:00 GMT The economy added 227,000 new jobs in November ... has eased investors' fears over a potential recession, though the report also strengthened bets for another 25 basis point Fed rate cut, the ...
Fri, 06 Dec 2024 05:34:02 GMT The US economy added more jobs than projected in November while the unemployment rate ticked higher, as the labor market rebounded from October data that was negatively impacted by severe weather and ...
Fri, 06 Dec 2024 05:32:00 GMT The changes paint a modestly brighter picture of the job market in late summer and early fall than previously believed. "The November jobs report should ... underpinning an economy that most ...
Fri, 06 Dec 2024 03:46:00 GMT The November jobs report will land at 8:30 a.m. ET. Follow along for live updates and analysis. Read the latest on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 ...