The US economy is expected to have added 160,000 jobs last month and the unemployment rate likely dropped to 4.2% from 4.3%. Original Image Link Source:www.cnn.com
After a brief dip during the global financial crisis, house prices have been on a relentless rise. Over the past decade, prices across OECD countries have surged by 37% on average in real terms, with the United States seeing increases of over 50%. Meanwhile, only three OECD countries—Finland, Italy, and Korea—have experienced declines. 📈
These rising prices are putting homeownership further out of reach for many, piling pressure on the poorest and widening generational divides. Younger generations, struggling to get on the property ladder, are feeling the squeeze the most.
Click the link below to dive into this issue, exploring what’s driving skyrocketing house prices and the growing crisis of affordability. [https://www.imf.org/en/Publications/fandd]
Published: 10th Jan 2025 06:00:29 By: IMF
IMF Video: Birth Rates Drop Below Replacement in Most Countries
Over half of the world’s countries and areas—representing two-thirds of the global population—now have fertility rates below the replacement level of 2.1 children per woman. 📉
This demographic shift means populations in these regions are set to age and decline without intervention. The consequences? A shrinking workforce, increased pressure on pensions, and rising healthcare costs.
While some countries like Japan and Italy grapple with aging populations, others in sub-Saharan Africa face the opposite challenge—managing rapid population growth. Each region must find innovative solutions to adapt to these demographic realities.
Click the below link to explore how fertility trends are reshaping our world. [https://www.imf.org/en/Publications/fandd/issues/2024/09/picture-this-demographic-decline-andrew-stanley]
Published: 8th Jan 2025 10:30:07 By: IMF
IMF Video: The Housing Crunch: What's Driving the Affordability Crisis?
Homes are now less affordable than during the house price bubble that preceded the global financial crisis of 2007–2008, according to a new dataset spanning 40 countries. Affordability has plunged in countries like the US, UK, and Canada, leaving policymakers scrambling for solutions. In the latest F&D magazine, we explore what needs to be done.
Published: 23rd Dec 2024 03:32:00 By: IMF
IMF Video: Falling Private Debt: 2024 Global Debt Database
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
Workplaces are poised for a step change in how they leverage (and partner with) technology and how they tap human talents. Cognizant CEO Ravi Kumar shares insights from special research the company commissioned on how enterprise organizations can better harness tech disruptions. He discusses this research that mapped thousands of occupations and tasks and how they’ll shape our need for upskilling. He also shares lessons learned from his own background, including his training as a nuclear scientist, and how that helps him embed curiosity and experimentation into teams and why a collaborative approach that empowers people with a variety of backgrounds will be key to driving innovation in the years ahead. About this episode: Cognizant: https://www.cognizant.com/us/en Future of Jobs Report: https://www.weforum.org/publications/the-future-of-jobs-report-2025/
Reskilling Revolution: https://initiatives.weforum.org/reskilling-revolution/home
Published: 8th Jan 2025 05:07:30 By: World Economic Forum
World Economic Forum Video: Global Cooperation Barometer 2025
As the world navigates rising geopolitical tensions, record-breaking heat, and technological revolutions, global cooperation is at a crossroads. The World Economic Forum and McKinsey & Company present the second edition of the Global Cooperation Barometer, a vital tool to measure and guide collaboration across trade, technology, climate, health, and security. This is the full audio from a media briefing of 7 January, 2025. Watch it here: https://www.weforum.org/meetings/world-economic-forum-annual-meeting-2025/sessions/global-cooperation-barometer-2025/
Links:
The Global Cooperation Barometer 2025: https://www.weforum.org/publications/the-global-cooperation-barometer-2025/
Speakers:
Bob Sternfels, Global Managing Partner, McKinsey & Company
Børge Brende, President and CEO, World Economic Forum
Anais Rassat, Head of Media Content, World Economic Forum
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Published: 7th Jan 2025 05:10:59 By: World Economic Forum
World Economic Forum Video: The Future of Growth: Rethinking Prosperity for All
Explore how the World Economic Forum’s Future of Growth initiative is shaping sustainable and inclusive economic models for the 21st century. https://initiatives.weforum.org/future-of-growth-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.
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Published: 23rd Dec 2024 12:01:11 By: World Economic Forum
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
Reuters Video: New US port strike averted as union, employers agree deal | REUTERS
The union representing 45,000 dock workers on the US East and Gulf Coasts and their employers said they reached a tentative deal on a new six-year contract, averting further strikes.
#union #deal #usports #InternationalLongshoremensAssociation #USMaritimeAlliance #News #Business #consumer #Reuters #Newsfeed
Read the story here: https://reut.rs/4gO7nG0
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Published: 9th Jan 2025 08:25:05 By: Reuters
Reuters Video: Hyundai plans record $16.7 billion investment in South Korea | REUTERS
South Korea's Hyundai said it will boost domestic investment by 19% to a record high $16.7 billion this year to secure future growth even as it grapples with economic and political uncertainties.
#News #hyundai #autos #business #southkorea #Reuters #Newsfeed
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Published: 9th Jan 2025 06:09:39 By: Reuters
Reuters Video: Wall Street little changed as investors assess inflation | REUTERS
US stocks ended little changed in a session they struggled for a clear direction, as investors digested the impact of conflicting sets of jobs data
#News #Reuters #Newsfeed #Markets #Stocks
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Published: 9th Jan 2025 01:08:55 By: Reuters
Reuters Video: Northvolt owners vote to stay operating while seeking financial rescue | REUTERS
The owners of Swedish electric vehicle battery maker Northvolt have voted to continue operations while it tries to sort out its finances.
#News #Reuters #Newsfeed #northvolt #goldmansachs #volkswagen
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Published: 8th Jan 2025 05:13:08 By: Reuters
Reuters Video: VW managers to take combined $310 millon pay cut, reports local daily | REUTERS
Volkswagen's management will take pay cuts adding up to more than $310 million by 2030, according to comments by VW human resources board member Gunnar Kilian to local paper Braunschweiger Zeitung.
#News #Reuters #Newsfeed #volkswagen #paycut #300million
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Published: 8th Jan 2025 04:14:21 By: Reuters
Business Video: In apparent bow to conservative complaints, Zuckerberg ends fact-checking on his platforms
CNN’s Donie Sullivan reports on Meta CEO Mark Zuckerberg’s announcement that Meta will adjust its content review policies on Facebook and Instagram, getting rid of fact-checkers and replacing them with user-generated “community notes,” similar to Elon Musk’s X. Then, CNN’s Anderson Cooper talks to Professor of Marketing Scott Galloway about the potential impacts of the move. #CNN #News
Published: 8th Jan 2025 02:31:05 By: CNN
Business Video: See video Zuckerberg posted about Meta's changes
In a number of sweeping changes that will significantly alter the way that posts, videos and other content are moderated online, Meta will adjust its content review policies on Facebook and Instagram, getting rid of fact checkers and replacing them with user-generated “community notes,” similar to Elon Musk’s X, CEO Mark Zuckerberg announced. CNN’s Clare Duffy reports. #CNN #News
Published: 7th Jan 2025 02:35:14 By: CNN
Business Video: What you should do to make the most of your money in 2025
Michelle Singletary, syndicated personal finance coach for The Washington Post, shares some financial tips with CNN's Jessica Dean for people looking to make the most of their money in 2025. #CNN #News
Published: 26th Dec 2024 04:07:24 By: CNN
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
Fri, 10 Jan 2025 09:06:12 GMT US adds a strong 256,000 jobs in December as unemployment rate dipped to 4.1% - U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience ...
Fri, 10 Jan 2025 06:38:54 GMT Jobs data for December will add to ongoing mixed signals in the U.S. labor market. Analysts surveyed by Dow Jones expect 155,000 jobs added on the month, down from 227,000 in November, with the ...
Fri, 10 Jan 2025 06:03:00 GMT U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a solid footing, reinforcing views that the Federal Reserve would ...
Fri, 10 Jan 2025 03:06:00 GMT The Canadian dollar is the only G10 currency that has managed to gain against the greenback. It is up about 0.25%, with the US dollar slightly above CAD1.44.
Thu, 09 Jan 2025 22:45:10 GMT Economists expect December's non-farm payrolls to soften in jobs report to be released by the Bureau of Labor Statistics.