HELSINKI, Finland — Klarna will become profitable again by next year after making deep cuts to its workforce, CEO Sebastian Siemiatkowski told CNBC. Klarna lost more than $580 million in the first six months of 2022 as the buy now, pay later giant burned through cash to accelerate its expansion in key growth markets like… Source:www.cnbc.com Original Image Link
The IMF’s Resilience and Sustainability Trust is open for business and provides funding for countries to invest in the seismic changes taking place in the world, like climate change and pandemics. It also can help countries raise more private financing to help them adapt to a changing world.
Join Kristalina Georgieva, IMF Managing Director, Paul Kagame, President of Rwanda, Mia Mottley, Prime Minister of Barbados, and Makhtar Diop, Managing Director of the International Finance Corporation for a conversation about countries’ early experiences and their plans for their funding from the Trust, moderated by Rajiv Shah, President of the Rockefeller Foundation.
With too many women facing barriers to economic opportunities, the world is missing out on higher economic growth and resilience for all. The pandemic has worsened gender inequality, keeping girls and women out of school and work. Yet economic and financial policies can help empower women and girls, improving economies today and building resilience against future shocks.
IMF Managing Director Kristalina Georgieva joins Bill & Melinda Gates Foundation’s Melinda French Gates, Nigeria's Minister of Finance the Hon. Zainab Ahmed, and UN-Women's Sima Sami Bahous for a discussion on how the IMF, International Financial Institutions, governments, academia, and others can work together to help reduce gender gaps. Lord Mark Malloch-Brown will moderate the discussion.
Send your questions for our panelists ahead of the event to IMFLive@imf.org for our Q&A session.
http://www.imf.org/gender
Our latest Back to Basics video explains what is public debt and the risks and benefits involved when governments borrow.
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Published: 5th Dec 2022 02:00:04 By: IMF
IMF Video: Eighth Richard Goode Lecture: Innovation, Experimentation, and Economics
Link: https://www.imf.org/en/News/Seminars/Conferences/2022/11/10/eighth-richard-goode-lecture-innovation-and-economics
The International Monetary Fund (IMF) will hold its eighth annual Richard Goode Lecture on November 30, 2022. The Richard Goode Lecture is an annual event to discuss policy issues and debates. It is hosted by the Fiscal Affairs Department and calls on top academics to present in front of a broad audience of policy makers, academics, and representatives from international organizations.
The theme of this year’s seminar is “Innovation, Experimentation, and Economics” presented by Professor Michael Kremer. This lecture will examine the design of institutions to accelerate innovation and shape it to meet human needs. It will also discuss the use of field experiments as an effective tool to test and develop new policies and products that address key development challenges.
Professor Kremer is a Professor of Economics at University of Chicago and Director of the Development Innovation Lab. He is a joint winner of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Economics Nobel Prize) 2019, for the “experimental approach to alleviating global poverty”. He is also a recipient of a MacArthur Fellowship, a Member of the National Academy of Sciences, a Fellow of the American Academy of Arts and Sciences, a recipient of a Presidential Faculty Fellowship, and was a World Economic Forum Young Global Leader. He is a co-founder of BREAD, the association of development economists. He received his PhD in Economics from Harvard University where he was the Gates Professor of Developing Societies from 2003 to 2020.
Published: 30th Nov 2022 04:08:33 By: IMF
IMF Video: 10th IMF Statistical Forum: One on One Between Bo Li and Philippe Aghion
The 10th IMF Statistical Forum will explore how we can better measure intangible capital to better support investment policy, taxation policy and macroeconomic analysis.
Published: 17th Nov 2022 09:28:01 By: IMF
World Economic Forum Video: We are entering the era of the megalopolis
We are entering the era of the megalopolis. Cities around the world are merging as they grow and spread forming supercities connected by urban sprawl. The largest megalopolis is in China - it’s known as the Greater Bay Area.
Published: 7th Dec 2022 01:00:24 By: World Economic Forum
World Economic Forum Video: This ingenious device saves sharks from deadly fishing lines
It creates a tiny electrical charge in the water surrounding the hook. Which sharks detect with their sensitive electroreceptors, making them swim away. An estimated 100 million sharks are accidentally caught by fisheries every year.
Published: 6th Dec 2022 01:00:03 By: World Economic Forum
World Economic Forum Video: 3 ways to bounce back after failure
Failure can be depressing but it happens to us all. Which is why resilience is so important. Resilience is the ability to regain our well-being in the face of adversity and it’s a skill you can learn. Here are 3 ways to strengthen yours.
Published: 5th Dec 2022 03:30:02 By: World Economic Forum
World Economic Forum Video: AI-powered Lip Reading Glasses & New Interactive Map of the Universe | WEF | Top Stories of the Week
0:15 AI-powered lip reading glasses - They transcribe speech in real time and display it to the wearer as subtitles right in front of their eyes. The technology is called XRAI Glass. It uses off-the-shelf augmented reality glasses plugged into an AI-driven smartphone app.
2:11 France to pay for tech repairs - The government will contribute €45 towards fixing your broken laptop, €25 towards a mobile phone repair and €15 towards fixing your vacuum cleaner. 30 household items will be eligible for the grant at first. More items will be eligible next year. The scheme aims to cut down on electronic waste and promote the circular economy
3:29 New interactive map of the universe - The map represents a complete slice of the observable universe. It stretches from the Milky Way to the edge of what can be seen. The map is based on data from a project called the Sloan Digital Sky Survey.
How to spend cash to save money - ‘Cash stuffing’ has gone viral on TikTok. It means budgeting with notes and coins. Not just digitally. You separate your monthly expenses into categories, such as groceries, fuel and bills, then put physical money into separate envelopes. Once the cash has gone, you have to stop spending.
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Published: 2nd Dec 2022 03:35:57 By: World Economic Forum
World Economic Forum Video: France will pay for your phone and laptop repairs
The government will contribute €45 towards fixing your broken laptop, €25 towards a mobile phone repair and €15 towards fixing your vacuum cleaner. 30 household items will be eligible for the grant at first. More items will be eligible next year. The scheme aims to cut down on electronic waste and promote the circular economy.
Published: 2nd Dec 2022 01:00:33 By: World Economic Forum
Economic Video: Former Theranos Executive Sunny Balwani Sentenced to 13 Years
Theranos’ former chief operating officer Ramesh “Sunny” Balwani was sentenced to 13 years in prison. He was convicted of fraud and conspiracy in July. Raj Mathai speaks with Scott Budman and legal analyst Dean Johnson.
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Published: 8th Dec 2022 03:52:39 By: NBC Bay Area
Economic Video: Bankman-Fried Said to Face New Investigation: NYT
Sam Bankman-Fried could be facing a markets manipulation investigation, according to the New York Times. US prosecutors are focusing their attention on the collapse of two tokens. Annabelle Droulers reports on Bloomberg Television.
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Published: 8th Dec 2022 04:59:37 By: Bloomberg Markets and Finance
Economic Video: GameStop earnings ‘don’t change the narrative of this business’: Analyst
#GameStop #yahoofinance
RapidRatings Chairman and CEO James Gellert joins Yahoo Finance Live anchors Seana Smith and Dave Briggs to discuss GameStop's outlook after the retail chain's latest earnings miss, its brick-and-mortar strategy, and potential economic pressures blowing against the meme stock heading into 2023.
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Published: 7th Dec 2022 10:49:37 By: Yahoo Finance
Economic Video: SF Building Inspectors Look Into Reports of Makeshift Beds Inside Twitter Headquarters
The San Francisco Department of Building Inspection has opened an investigation after reports that makeshift motel rooms had been set up inside Twitter headquarters. Sergio Quintana reports.
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Published: 8th Dec 2022 02:58:07 By: NBC Bay Area
Economic Video: Artificial intelligence bot ChatGPT raises excitement and concerns
A new artificial intelligence bot called ChatGPT is causing excitement and also raising concerns among critics. Kyle Wiggers, a senior reporter at TechCrunch, joins CBS News' John Dickerson on "Prime Time" to discuss what it can do.
#news #ai #technology
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Published: 8th Dec 2022 01:12:06 By: CBS News
Business Video: See Robin Meade's final sign-off during HLN's final live broadcast
After a 40-year run, HLN's live news programming has come to an end. HLN's anchor Robin Meade gives her final sign off in the last live broadcast of her show, Morning Express.
Published: 6th Dec 2022 10:00:07 By: CNN
Business Video: Elon Musk vs. Tim Cook, Sam Bankman-Fried’s media apology tour and Amazon is filled with ads
Crypto detective “Coffeezilla” tells Nightcap’s Jon Sarlin that somebody at FTX “criminally screwed up.” Plus, The Washington Post’s Geoffrey Fowler on how Amazon risks turning customers off by showing so many ads in search results. And CNN’s Clare Duffy has the latest on the spat between Elon Musk and Tim Cook. To get the day’s business headlines sent directly to your inbox, sign up for the Nightcap newsletter: https://cnn.it/3Ilqyqa
00:00 Welcome to "Nightcap"
00:27 Sam Bankman-Fried's media apology tour
06:30 Why shopping on Amazon has gotten worse
11:42 Elon Musk vs. Tim Cook
Published: 1st Dec 2022 09:27:45 By: CNN
Business Video: CNN fact-checks Musk's claims Apple wants to remove Twitter app
CNN correspondent Donie O'Sullivan breaks down claims from Twitter CEO Elon Musk that Apple wants to remove the Twitter app from its App Store. #CNN #News
Published: 29th Nov 2022 06:30:07 By: CNN
Business Video: Bank of America CEO predicts 'mild recession' next year
CNN analyst Robert Baer discusses the possibility of Russian disinformation becoming more prevalent on Twitter amid Elon Musk’s sweeping changes to the platform. #CNN #News
Published: 25th Nov 2022 07:58:50 By: CNN
Markets Finance Video: Roubini Sees 25% Drop for S&P 500 in Severe Recession
Nouriel Roubini, chairman and CEO at Roubini Macro Associates, discusses how a recession can impact US equity and credit markets with Francine Lacqua on "Bloomberg Surveillance Early Edition."
Published: 7th Dec 2022 04:58:10 By: Bloomberg Markets and Finance
Markets Finance Video: This Is Not the Time to Be Out of Equities: Subramanian
Savita Subramanian, Bank of America Securities head of US equity and quantitative strategy, says now is not the time to get out of equities. She sees the S&P 500 finishing the year at 4,000. She's on "Bloomberg the Open."
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Published: 7th Dec 2022 03:46:26 By: Bloomberg Markets and Finance
Markets Finance Video: $65 Trillion of Derivatives Debt Sparks Concern
There's a hidden risk to the global financial system embedded in the $65 trillion of dollar debt being held by non-US institutions via currency derivatives, according to the Bank for International Settlements. Alex Harris has more on "Bloomberg Triple Take."
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Published: 5th Dec 2022 10:28:08 By: Bloomberg Markets and Finance
Markets Finance Video: Markets can't decide on where the economy is heading
Join @tomkeene, @FerroTV & @lisaabramowicz1 for the conversations that power your day on Bloomberg TV, Bloomberg Radio & the Surveillance podcast: https://trib.al/Ym3TxyA
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Published: 7th Dec 2022 12:21:45 By: Bloomberg Markets and Finance
Markets Finance Video: Market Has Become Like a Liquidity Junkie: Jim Bianco
Jim Bianco, founder and president at Bianco Research, says the new bull call for 2023 is that "everything's gonna fall apart," so the Federal Reserve will pivot and markets will rally. He speaks with Jonathan Ferro on "Bloomberg The Open."
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Published: 6th Dec 2022 03:17:10 By: Bloomberg Markets and Finance
Wed, 07 Dec 2022 06:24:45 GMT Dec 7 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts: ...
Wed, 07 Dec 2022 04:13:00 GMT * ICA Gruppen: the Swedish retailer said it would cut about 200 jobs due to rising costs, inflation and decreases in disposable income in order to save some 1 billion Swedish crowns annually. * GETIR: ...
Tue, 29 Nov 2022 13:14:00 GMT An Arlington County-based data analysis firm is investing $1.7 million to expand in a project that will create 150 new jobs. Technomics Inc. is an employee-owned decision analysis company that ...
Tue, 29 Nov 2022 01:07:00 GMT Top startups such as BlaBlaCar, Criteo, Delivery Hero, Klarna, N26, Revolut, Skype, Spotify and Zalando have become the breeding grounds for new founders. Each of those companies has led to the ...
Mon, 28 Nov 2022 12:32:00 GMT The breadth of the layoffs this year is breathtaking, affecting every part of the tech sector from farming robots and cryptocurrency to social media and semi-autonomous vehicles. The tech industry has ...
