JPMorgan Chase is letting go of about 500 employees this week across the bank, a spokesperson confirmed to CNN on Friday. Original Image Link Source:www.msn.com
The IMF’s African Department is pleased to host Michael Kremer, Professor of Economics at the University of Chicago, where he directs the Development Innovation Lab. He is the joint winner of the 2019 Nobel Prize in Economics for the “experimental approach to alleviating global poverty.”
While African countries are grappling with the fallout of exogenous shocks like Russia’s war in Ukraine and climate change, the continent’s leaders are also trying to tackle persistent structural issues. Healthcare services are under strain, as is education, with low enrollment and high dropout rates for children who in the next 5–10 years will provide about half of the world’s increase in working-age population.
Agriculture, a vital sector for food security and economic growth in the region, is constrained by low productivity, the impact of climate change, and limited access to modern technologies. Furthermore, economic growth remains stifled by insufficient investment and infrastructure, weak institutions, high unemployment, and income inequality.
Join us for a conversation between Professor Kremer and the IMF’s African Department Director, Abebe Aemro Selassie, to learn more about the key measures policymakers can take to address regional challenges as well as global ones like climate change and pandemics.
Send questions in advance or during the event: AfricaPerspectives@imf.org
http://www.imf.org/africaperspectives
Published: 29th May 2023 03:39:24 By: IMF
IMF Video: Press Conference: United States 2023 Article IV Consultation
The IMF will discuss in a press conference the staff findings from the 2023 consultation on the state of the United States’ economy. Follow live on May 26 at 1 PM ET.
Panelists:
- Kristalina Georgieva, Managing Director, IMF
- Rodrigo Valdés, Director, Western Hemisphere Department, IMF
- Nigel Chalk, Deputy Director, Western Hemisphere Department, IMF
- Moderator: Julie Kozack, Director, Communications Department, IMF
Published: 27th May 2023 05:47:03 By: IMF
IMF Video: Press Conference: United Kingdom 2023 Article IV Consultation
Press conference on the UK Article IV with Managing Director Kristalina Georgieva and Chancellor Jeremy Hunt. Tune in on May 23 at 11:15 AM BST (6:15 AM ET).
The IMF Executive Board approves SDR 2.242 billion (about US$3 billion) 36-month ECF arrangement for Ghana. This decision will enable an immediate disbursement equivalent to SDR 451.4 million (about US$600 million).
90% of people say they now look for sustainable options when traveling. Tourism providers can take advantage of this by boosting the range of sustainable options and making sustainable choices worthwhile through attractive pricing and rewards. How sustainable are your holidays? #sustainability #holidays #conservation #tourism #local
Published: 30th May 2023 03:00:44 By: World Economic Forum
World Economic Forum Video: Experts Demand Pause to AI Development & Ocean Census Begins | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 Why we need to consider AI development - Berkeley professor Stuart Russell is one of the world’s leading experts on AI, and one of more than 1,000 experts who recently signed an open letter calling for a 6-month pause in the development of AI systems for safety reasons.
"I think there's a lot of misunderstanding about the letter. Some people say it bans AI research and so on but what it really is saying is: we have developed this technology that's pretty powerful, but we haven't developed the regulation to go along with it. At the moment, the technology is moving very fast. Governments tend to move very slowly. So we need a pause on the development and release of still more powerful models so that, in a sense, regulation can catch up."
5:43 Germany's first 3D printed house - It took just 100 hours to print the walls thanks to a nozzle that moves at 1 metre per second. The fireplace, kitchen island and bathtub were all printed too. The house contains 160m2 of living space over 2 floors. It was designed by architects Mense Korte. Its walls are comprised of an inner and outer shell with insulation filling the gap between them.
7:11 Ocean search for 100,000 species begins - They’re launching dozens of explorations deep into the ocean to build a huge catalogue of as-yet-unknown marine life. An estimated 2.2 million species live in the ocean but just 10% of them have been discovered and named by scientists. It’s a race against time to document endangered marine animals before overfishing and climate change drive them to extinction.
8:56 How kids learn through play - These 3 to 5-year-olds are taking part in a programme called Play Labs. They spend their day on puzzles. Games outside playing with others and learning about the world. The programme boosts kids’ physical, social, cognitive and language development and helps them close the education gap with their peers.
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Published: 27th May 2023 12:00:39 By: World Economic Forum
World Economic Forum Video: Scientists are conducting an ‘ocean census’ to discover 100,000 species in a decade
They’re launching dozens of explorations deep into the ocean to build a huge catalogue of as-yet-unknown marine life. An estimated 2.2 million species live in the ocean but just 10% of them have been discovered and named by scientists. It’s a race against time to document endangered marine animals before overfishing and climate change drive them to extinction. #ocean #census #deepocean #marinelife #extinction #climatechange #overfishing
Published: 25th May 2023 12:00:12 By: World Economic Forum
World Economic Forum Video: Scientists have found microbes that eat plastic at cool temperatures.
Scientists have already discovered plenty of plastic-munching microbes. A global study in 2021 found 56 microbial species that can do this but most only get going at temperatures of 30˚C or above. Heating them up requires energy which means the process is both costly and carbon-emitting. Scientists from the Swiss Federal Institute WSL started looking in the Arctic and the Swiss Alps for microbes growing on buried plastic. They found 19 strains of bacteria and 15 strains of fungi. Most were able to break down plastics in the lab at 15˚C or lower. The scientists are now working to find the best-performing strain. They say this could pave the way for efficient and sustainable plastic recycling at lower temperatures. #science #recycling #microbes #sustainability #plasticpollution
Published: 24th May 2023 12:00:27 By: World Economic Forum
World Economic Forum Video: Scientists have updated the human genome to make it more diverse
The original human genome was released in 2003. It’s a complete map of the building blocks of our DNA. But 70% of the genome came from just one donor, an American man with European and African ancestry. The new ‘pangenome’ is drawn from 47 anonymous individuals. From every continent except Antarctica and Oceania. #science #genome #dna #ancestry #diversity
Published: 23rd May 2023 12:00:08 By: World Economic Forum
Economic Video: Elizabeth Holmes reports for first day of 11 year prison sentence
#NVIDIA #youtube #stockmarket
Yahoo Finance Live anchors Seana Smith and Akiko Fujita take a look at several stocks trending after Tuesday's closing bell.
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Published: 30th May 2023 09:28:56 By: Yahoo Finance
Economic Video: Now is the time for politicians to act on A.I., says venture capitalist Bradley Tusk
Bradley Tusk, Tusk Ventures co-founder and CEO, and John Hope Bryant, Operation Hope chairman and CEO, join 'Last Call' to discuss the recent open letter sent by tech executives warning that A.I. poses a "risk of extinction".
Published: 31st May 2023 12:45:55 By: CNBC Television
Wall Street indexes ended the day mixed, pressured by worries about US lawmakers opposed to a debt-limit deal, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion.
#Wallstreet #Stocks #Markets #News #Reuters #newsfeed
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Published: 30th May 2023 11:58:22 By: Reuters
Economic Video: As lawmakers size up debt ceiling deal, few are fully satisfied
President of Explore Mars Inc. Janet Ivey shows new images of the sun's surface captured by a powerful ground-based solar telescope that reveal sunspots and other features in unprecedented detail. Cool, dark sunspots dot the photosphere, or the sun’s surface where the magnetic field is strong, and they can be the size of Earth or larger. #CNN #news
Published: 28th May 2023 06:58:14 By: CNN
Business Video: Tapper asks Democrat if Biden should worry about Progressive Caucus. Hear her response
Progressive Caucus Chair Pramila Japayal (D-WA) joins CNN's Jake Tapper to discuss debt ceiling negotiations as The White House and House Republicans agreed in principle on a deal to raise the debt ceiling for two years and cap spending. #CNN #News
Published: 28th May 2023 05:05:07 By: CNN
Business Video: Lawmaker who helped negotiate debt deal responds to GOP criticism
Rep. Dusty Johnson (R-SD) joins CNN's Jake Tapper to discuss the debt ceiling deal and responds to reported grumbling from some Republicans. #CNN #News
Published: 28th May 2023 04:35:00 By: CNN
Business Video: Unprecedented images show sunspot larger than Earth
President of Explore Mars Inc. Janet Ivey shows CNN's Victor Blackwell and Amara Walker new images of the sun's surface captured by a powerful ground-based solar telescope have revealed sunspots and other features in detail. #CNN #News
Published: 28th May 2023 03:35:20 By: CNN
Business Video: How ESPN could destroy the cable business
EZPR’s Ed Zitron tells “Nightcap’s” Jon Sarlin that workers could begin to organize to fight back-to-the-office mandates. Plus, Axios’ Sara Fischer explains why it will be difficult for the cable business to survive if ESPN streams its flagship channel. And Axios’ Emily Peck shares why mainstream economists are no longer dismissing “greedflation” as a fringe conspiracy theory. To get the day’s business headlines sent directly to your inbox, sign up for the Nightcap newsletter. #CNN #News
https://cnn.it/3Ilqyqa
00:00 - Welcome to "Nightcap"
00:39 - The next phase of the work-from-home battle
04:53 - ESPN's streaming plans and the future of cable
09:39 - Is corporate greed driving prices higher?
Tue, 30 May 2023 18:15:00 GMT JPMorgan Chase & Co.’s China head said its expansion in the country is taking longer than expected, as the US bank races to take advantage of China’s $60 trillion financial sector.
Tue, 30 May 2023 11:27:00 GMT Goldman Sachs is weighing another round of job cuts amid a prolonged slowdown in dealmaking, which has hit profits at the investment bank, according to people familiar with the matter. Plans are being ...
Tue, 30 May 2023 10:42:00 GMT Goldman Sachs, led by CEO David Solomon, was among the first major Wall Street firms to trim jobs in September, cutting a few hundred positions. It then slashed more jobs in January, releasing about 3 ...
Sun, 28 May 2023 01:06:00 GMT Approximately 500 employees throughout the bank will be let go by JPMorgan Chase this week, a spokesperson told on Friday.
Sat, 27 May 2023 04:48:00 GMT The layoffs will reportedly impact various divisions within JPMorgan, including consumer banking, commercial banking, asset and wealth management, as well as technology and operations ...