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Economic News Reports

Japan's economy shrank by an annualized rate of 2% in the first quarter of 2024, as a weak yen and inflation drag down spending.
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Posted: 2024-05-16 04:05:11

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IMF Video: Regional Economic Outlook for Europe | May 2024

Regional Economic Outlook for Europe | May 2024
Play Video: Regional Economic Outlook for Europe | May 2024


Europe needs to overcome structural headwinds to growth. Director of the IMF European Department, Alfred Kammer, highlights the policies to support faster economic growth through a stronger EU Single Market. Check out his latest video to learn more: https://www.imf.org/en/Publications/REO/EU/Issues/2024/04/05/regional-economic-outlook-europe-april-2024

Published: 21st May 2024 03:04:25   By: IMF

IMF Video: Regional Economic Outlook for the Caucasus and Central Asia, April 2024

Regional Economic Outlook for the Caucasus and Central Asia, April 2024
Play Video: Regional Economic Outlook for the Caucasus and Central Asia, April 2024


Despite a series of external shocks in recent years, economic growth remains resilient, while inflation is easing in most countries in the Caucasus and Central Asia. We explain in our latest video. Learn more at: https://www.imf.org/en/Publications/REO/MECA/Issues/2024/04/18/regional-economic-outlook-middle-east-central-asia-april-2024

Published: 20th May 2024 05:18:13   By: IMF

IMF Video: Europe: Turning the Recovery into Enduring Growth

Europe: Turning the Recovery into Enduring Growth
Play Video: Europe: Turning the Recovery into Enduring Growth


Europe has done remarkably well against a turbulent backdrop. After years of crises and their fallouts, a soft landing for the continent’s economies is within reach. Securing it will require careful calibration of macroeconomic policies. As the cyclical recovery runs its course, growth will increasingly depend on structural factors. Yet there are several formidable headwinds to growth, including weakening productivity, an aging population, and underinvestment. Navigating these headwinds to higher medium-term growth will require structural reform efforts that should begin now. For the EU, this means urgently tapping the significant potential from further European integration. Combined with complementary measures at the domestic level, these reforms would go to show once again how Europe can overcome even the most severe obstacles when acting decisively and together.   The just released IMF Regional Economic Outlook for Europe discusses the economic reform agenda needed to cope with these multiple challenges. The discussion will focus on what policymakers in Brussels and at the national level can and should do to return Europe to greater competitiveness and faster growth.    The Regional Economic Outlook will be presented by Mr. Alfred Kammer, Director of the European Department at the IMF. He will then be joined by Ms. Maria Demertzis, Senior Fellow at Bruegel, and Ms. Christiane Nickel, Deputy Director General of DG Economics at the European Central Bank, for a panel discussion moderated by Ms. Maria Tadeo, Europe Correspondent. https://www.imf.org/en/Publications/REO/EU/Issues/2024/04/05/regional-economic-outlook-europe-april-2024

Published: 15th May 2024 02:15:36   By: IMF

IMF Video: Perspectives économiques régionales : Moyen-Orient et Afrique du Nord, avril 2024

Perspectives économiques régionales : Moyen-Orient et Afrique du Nord, avril 2024
Play Video: Perspectives économiques régionales : Moyen-Orient et Afrique du Nord, avril 2024


Le conflit à Gaza et en Israël, qui provoque d’immenses souffrances humaines, s’ajoute aux difficultés existantes au Moyen-Orient et en Afrique du Nord. Explications de Jihad Azour, directeur du département Moyen-Orient et Asie centrale du FMI : https://www.imf.org/fr/Publications/REO/MECA/Issues/2024/04/18/regional-economic-outlook-middle-east-central-asia-april-2024

Published: 9th May 2024 08:57:55   By: IMF

IMF Video: Perspectives économiques régionales: Afrique Subsaharienne | Avril 2024

Perspectives économiques régionales: Afrique Subsaharienne | Avril 2024
Play Video: Perspectives économiques régionales: Afrique Subsaharienne | Avril 2024


Après quatre années mouvementées, les perspectives pour l’Afrique subsaharienne s’améliorent progressivement. La croissance va passer de 3,4 % en 2023 à 3,8 % en 2024, et près des deux tiers des pays s’attendent à une croissance plus élevée. https://www.imf.org/fr/Publications/REO/SSA/Issues/2024/04/19/regional-economic-outlook-for-sub-saharan-africa-april-2024

Published: 6th May 2024 03:47:50   By: IMF

World Economic Forum Video: Tourism is bouncing back - but can we make travel sustainable?

Tourism is bouncing back - but can we make travel sustainable?
Play Video: Tourism is bouncing back - but can we make travel sustainable?


With the pandemic well behind us, international travel has bounced back. The World Economic Forum’s Travel and Tourism Development Index, a major survey of the state of the sector, gives a clear picture of how things look around the world. Maksim Soshkim, who leads much of the Forum’s work on the issue tells us the headlines, and Jacqueline Gifford, Editor-in-Chief of Travel + Leisure magazine, gives her take on the state of the travel scene. One of the key areas the TTDI looks at is sustainability - the impact of travel and tourism on the environment and local communities. And in this episode we hear from two people engaged in making tourism more sustainable: a hotel company taking action across its supply chain, and the head of tourism for Rwanda, where income from foreign visitors helps conserve a unique ecosystem and its endangered mountain gorillas. Speakers: Maksim Soshkin, Centre for Energy and Materials, World Economic Forum Jacqueline Gifford, Editor-in-Chief, Travel + Leisure Neil Jacobs, CEO, Six Senses Hotels Resorts Spas Michaella Rugwizangoga, Chief Tourism Officer, Rwanda Links: Travel and Tourism Development Index: wef.ch/ttdi24 (http://wef.ch/ttdi24) Global Future Council on the Future of Sustainable Tourism: https://www.weforum.org/communities/gfc-on-sustainable-tourism/ Related podcasts: Where are the innovations that can make mining more sustainable? (https://www.weforum.org/podcasts/radio-davos/episodes/sustainable-mining-uplink/) It's cheaper to save the world than destroy it: author Akshat Rathi on Climate Capitalism (https://www.weforum.org/podcasts/radio-davos/episodes/climate-capitalism-akshat-rathi/) "Not just sticks of carbon" - how growing trees for the climate must also benefit biodiversity (https://www.weforum.org/podcasts/radio-davos/episodes/trees-carbon-climate-biodiversity-tom-crowther-1tr/) Davos 2024: Addressing the North-South Schism (https://www.weforum.org/podcasts/agenda-dialogues/episodes/davos-2024-addressing-the-north-south-schism/) Thumbnail photo: Samrat Khadka on Unsplash 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: 21st May 2024 08:34:40   By: World Economic Forum

World Economic Forum Video: Special Meeting 2024: Bridging the Health Gap

Special Meeting 2024: Bridging the Health Gap
Play Video: Special Meeting 2024: Bridging the Health Gap


Since 1990, global efforts have successfully halved child mortality. Progress on the Sustainable Development Goals, however, has been insufficient, with climate change and preventable diseases jeopardizing decades of advancement and millions of lives. How can we strengthen the global health architecture to eradicate disease and make essential health innovations accessible to all? This is the full audio from a session at the Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh on 28 April, 2024. Watch it here: https://www.weforum.org/events/special-meeting-on-global-collaboration-growth-and-energy-for-development-2024/sessions/redefining-the-global-health-agenda/ Speakers: Tedros Adhanom Ghebreyesus, Director-General, World Health Organization (WHO) Mian Muhammad Shehbaz Sharif, Prime Minister, Pakistan Keir Simmons, Chief International Correspondent, NBC News ​Fahad bin Abdurrahman Al-Jalajel​, Minister of Health, Saudi Arabia Bill Gates, Co-Chair, Bill & Melinda Gates Foundation Anita Zaidi, President, Gender Equality, Bill & Melinda Gates Foundation Abdullah Al Rabeeah, Supervisor General, King Salman Humanitarian Aid and Relief Centre Catch up on all the action from the Special Meeting on Global Collaboration, Growth and Energy for Development at wef.ch/specialmeeting24 (http://wef.ch/specialmeeting24) and across social media using the hashtag #specialmeeting24. 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: 20th May 2024 09:18:00   By: World Economic Forum

World Economic Forum Video: VR Can Boost Empathy & Bus Powered by Dates | WEF | Top Stories of the Week

VR Can Boost Empathy & Bus Powered by Dates | WEF | Top Stories of the Week
Play Video: VR Can Boost Empathy & Bus Powered by Dates | WEF | Top Stories of the Week


This week's top stories of the week include: 0:15 VR can boost empathy – Virtual reality (VR) shows promise in increasing empathy and encouraging donations towards refugee crises. The study's authors suggest VR's immersive nature bridges ideological divides, influencing attitudes in a way traditional media might not. This has significant practical implications for NGOs and aid agencies seeking to raise awareness and secure donations for humanitarian crises. 1:53 This bus in Oman is powered by dates – It’s the first of its kind in the Middle East. The bus runs on biodiesel made from waste date kernels produced by scientists at Oman’s Sultan Qaboos University. The date kernels are washed, dried and crushed and the oil is extracted using alcohol before a chemical catalyst converts it into biodiesel. The bus made its inaugural journey in December 2022. 4:46 Building ships with the metaverse – The metaverse offers a groundbreaking solution: digital twins. Using AI, designers can create a photorealistic, virtual replica of the entire ship. This allows them to identify and fix any issues during the design phase, well before construction begins. 6:16 3 leading insights on AI – Experts predict 69 million jobs will be created over the next 5 years while 83 million jobs will be lost, a 2% net decrease in employment. Despite this, Freakley says AI will help boost economies facing labour shortages. _____________________________________________ 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 LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 18th May 2024 12:00:27   By: World Economic Forum

World Economic Forum Video: Tinder Swindler: how 'romance fraud' became a multi-billion dollar cybercrime

Tinder Swindler: how
Play Video: Tinder Swindler: how 'romance fraud' became a multi-billion dollar cybercrime


The Netflix documentary 'The Tinder Swindler' is a mind-boggling case of so-called 'romance fraud' in which a charming, handsome - and apparently very rich - man meets women on a dating app - gets them to fall in love with him - and then cons them out of lots of money. Cecilie Fjellhøy is the Norwegian woman at the centre of the documentary whose life was torn apart by the actions of a conman. A survivor of romance fraud on a grand scale, she now advocates for the rights of, and support for, others who find themselves in similar grim circumstances. We also hear from Sean Doyle, who works at the World Economic Forum’s Centre for Cybersecurity, on just how widespread romance fraud really is, why it’s a multinational, multi-billion form of cyber crime, and what is being done to combat it. Links: Centre for Cybersecurity: wef.ch/cybersecurity (https://wef.ch/cybersecurity) Cybercrime Atlas: https://initiatives.weforum.org/cybercrime-atlas/ Cecilie Fjellhøy (https://www.ceciliefjellhoy.com/) 's organisation LoveSaid: https://www.lovesaid.org/ The Tinder Swindler documentary: Related podcasts: Global Risks Report: the big issues facing leaders at Davos 2024 (https://www.weforum.org/podcasts/radio-davos/episodes/global-risks-report-davos-2024/) Ransomware and ransom-war: why we all need to be ready for cyber attacks (https://www.weforum.org/podcasts/radio-davos/episodes/cybersecurity/) 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 May 2024 04:24:32   By: World Economic Forum

World Economic Forum Video: Banking Uplifts Women in Pakistan & World's Busiest Airports | WEF | Top Stories of the Week

Banking Uplifts Women in Pakistan & World
Play Video: Banking Uplifts Women in Pakistan & World's Busiest Airports | WEF | Top Stories of the Week


This week's top stories of the week include: 0:15 Banking uplifts women in Pakistan – Pakistan has a large gender gap in financial inclusion. 47% of men have at least one registered financial account but just 13% of women. Even for those with an account, banking can be prohibitively time-consuming, especially for women who are running a business alongside a household. Now a new kind of digital banking service is helping to close this gap. 2:23 World's busiest airports revealed – The world's busiest airports in 2023 were dominated by the United States, with five airports cracking the top 10. Overall, global airports saw a significant rebound in 2023, handling a total of 8.5 billion trips. 4:39 WMO: Asia hardest hit by climate – In 2023, Asia saw a wave of extreme weather events from floods to cyclones. World Economic Forum Head of Climate Adaptation Eric White explains why climate change is making extreme weather more likely. 7:07 Saving Earth with space science – Simonetta Di Pippo says that space is already helping tackle the greatest challenges on Earth. Satellite connectivity is improving our management of disasters and powering digital transformation. Which is revolutionizing sectors from healthcare to education, retail and communication. _____________________________________________ 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 LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 13th May 2024 03:03:05   By: World Economic Forum

Economic Video: Nvidia's stock split will add volatility -portfolio manager | REUTERS

Nvidia
Play Video: Nvidia's stock split will add volatility -portfolio manager | REUTERS


A day after high-flying AI chip leader Nvidia announced a 10-for-1 stock split, Adam Coons, chief portfolio manager at Winthrop Capital Management, explains why he thinks the move will add volatility to an already ‘high-volatility stock’ #News ## #Reuters #Newsfeed Read the story here: https://reut.rs/3Vfkd7O 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 24th May 2024 10:39:42   By: Reuters

Economic Video: Red Lobster could close more locations across the U.S.

Red Lobster could close more locations across the U.S.
Play Video: Red Lobster could close more locations across the U.S.


120 spots are up for consideration but it's not clear which ones.

Published: 24th May 2024 09:54:02   By: WFAA

Economic Video: UAW files objection to Mercedes vote, accuses company of intimidating workers

UAW files objection to Mercedes vote, accuses company of intimidating workers
Play Video: UAW files objection to Mercedes vote, accuses company of intimidating workers


UAW files objection to Mercedes vote, accuses company of intimidating workers Subscribe to WVTM on YouTube now for more: https://bit.ly/2jvAaUD Get more Birmingham news: http://www.wvtm13.com Like us: https://www.facebook.com/WVTM13/ Follow us: https://twitter.com/WVTM13 Instagram: https://www.instagram.com/wvtm13/

Published: 24th May 2024 09:23:13   By: WVTM 13 News

Economic Video: Blair's Social Second: Would you take vacation without approval from your employer?

Blair
Play Video: Blair's Social Second: Would you take vacation without approval from your employer?


FOX 2 viewers weigh in on this topic.

Published: 22nd May 2024 01:18:22   By: FOX 2 St. Louis

Economic Video: Flight Attendant Accused of Recording Girl in Plane Bathroom

Flight Attendant Accused of Recording Girl in Plane Bathroom
Play Video: Flight Attendant Accused of Recording Girl in Plane Bathroom


A family was on the way to Disneyland for vacation when they experienced a nightmare on their American Airlines flight. Their 9-year-old daughter ended up being filmed while in the bathroom, and cops say the camera was planted by a flight attendant. Ann Mercogliano spoke with the girl���s mother, who wishes to remain anonymous to protect her daughter���s identity, by phone. The mother called the flight attendant a ���monster.���

Published: 24th May 2024 09:53:32   By: Inside Edition

Business Video: AI 'stole' our voices. Actors show CNN comparison of their voices and alleged ‘illegal’ AI versions

AI
Play Video: AI 'stole' our voices. Actors show CNN comparison of their voices and alleged ‘illegal’ AI versions


Voice actors Linnea Sage and Paul Skye Lehrman say they recorded their voices for a client who hired them for “academic research” and “tests for radio ads.” Years later, the couple were shocked to discover “AI versions” of their voices. In a video demonstration, they showed CNN’s Clare Duffy why they believe their voices were “stolen.” The voice actors’ lawsuit against Lovo, the company they claim is behind the AI voices, is just the latest in a recent string of legal actions brought against various tech companies by creatives, writers and artists who say their work was used without their permission to train AI systems that could ultimately compete with them. Such lawsuits have added to a growing wave of concerns over how the training of AI models, which requires huge swaths of data, could run afoul of copyright and intellectual property laws. Produced by John General Senior Producer: Mags Dawson VO/Reporter: Clare Duffy Camera Ops: Deb Brunswick, Aaron Fisher, Nick Godsell Audio Engineer: Dan Dzula #cnn #news #ai

Published: 24th May 2024 01:11:53   By: CNN

Business Video: Trump Media’s accounting firm charged with ‘massive fraud’

Trump Media’s accounting firm charged with ‘massive fraud’
Play Video: Trump Media’s accounting firm charged with ‘massive fraud’


BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission with widespread fraud and accused of operating a “sham audit mill.” The SEC made no allegation of wrongdoing against Truth Social owner Trump Media (DJT), which is not mentioned in the charges from the regulator. #CNN #News

Published: 3rd May 2024 06:09:26   By: CNN

Business Video: Forbes editor predicts Trump stock prices could fall another 90%

Forbes editor predicts Trump stock prices could fall another 90%
Play Video: Forbes editor predicts Trump stock prices could fall another 90%


Trump Media & Technology Group’s stock is tumbling again after the company announced a potentially massive new influx of shares. Forbes editor Dan Alexander reacts. #CNN #News

Published: 16th Apr 2024 12:30:13   By: CNN

Business Video: Boeing 737-800 engine cover falls off during Southwest flight

Boeing 737-800 engine cover falls off during Southwest flight
Play Video: Boeing 737-800 engine cover falls off during Southwest flight


A Houston-bound Boeing 737-800 plane operated by Southwest Airlines returned safely to Denver International Airport on Sunday after an engine cover fell off and struck the wing flap, according to the Federal Aviation Administration. The agency said it will investigate. In recorded air traffic control audio, one of the pilots said that “several passengers and flight attendants heard something loud hit the wing.” In a statement to CNN, Southwest said passengers would take another plane to Houston and would be approximately three hours behind schedule. “We apologize for the inconvenience of their delay but place our highest priority on ultimate Safety for our Customers and Employees,” the statement said. Southwest said no injuries were reported. Boeing declined to comment and referred CNN to Southwest for information about plane and fleet operations. #boeing #CNN #News

Published: 8th Apr 2024 12:10:48   By: CNN

Business Video: Ne-Yo on AI impact on music: 'How is it creative to mimic me?'

Ne-Yo on AI impact on music:
Play Video: Ne-Yo on AI impact on music: 'How is it creative to mimic me?'


Grammy award-winning artist Ne-Yo joins CNN's Laura Coates to discuss the impact of artificial intelligence on the music industry. #CNN #News

Published: 5th Apr 2024 11:00:07   By: CNN

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Economy News: Japan may have escaped deflation only to risk stagflation instead, as the country’s economy slumps for 3 straight quarters - Newscast

Japan reports its inflation hit 4%, a 41-year high in December

Wed, 22 May 2024 17:00:00 GMT Japan, the world’s third-largest economy, has been fending off deflation, or chronically falling prices, for decades. The last time core consumer prices rose that much was December 1981 ...

Japan's Nikkei seen rising 4.6% this year on solid corporate outlook, global economy - Reuters poll

Tue, 21 May 2024 16:08:00 GMT Japan's Nikkei share average will rise 4.6% by year end, supported by a firm corporate outlook and a solid global economy, according to equity market strategists in a Reuters poll.

Japan economy contracts 0.5% in Q1

Thu, 16 May 2024 09:13:00 GMT Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed on Thursday, in further bad news for its unpopular government. Gross domestic product (GDP) in the ...

Japan may have escaped deflation only to risk stagflation instead, as the country’s economy slumps for 3 straight quarters

Thu, 16 May 2024 04:05:00 GMT Japan's economy shrank by an annualized rate of 2% in the first quarter of 2024, as a weak yen and inflation drag down spending.

Japan’s Economy Shrinks Again as Inflation Hits Consumers’ Pocketbooks

Wed, 15 May 2024 22:32:00 GMT The weakness of the yen currency drives up the prices of imported food and gasoline.


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