California Gov. Gavin Newsom proposes slashing 10,000 vacant state jobs and other cuts to close $27.6 billion deficit Original Image Link Source:abcnews.go.com
Thu, 24 Apr 2025 18:04:00 GMT California Gov. Gavin Newsom says the state is now the world’s fourth largest economy. But after accounting for the high cost of goods and services, California only barely edges out low-performing ...
Thu, 24 Apr 2025 16:34:29 GMT Gov. Gavin Newsom urged the federal government to pour more resources into helping fight ever-increasing numbers of wildfires while the Golden State awaits White House approval for $39 billion to ...
Thu, 24 Apr 2025 09:05:06 GMT Governor Gavin Newsom announced, according to the International Monetary Fund and the U.S. Bureau of Economic Analysis, the state’s economy grew by 6% in 2024, reaching a nominal GDP of $4.1 trillion.
Thu, 24 Apr 2025 07:02:00 GMT If California were its own country, its economy would now rank as the fourth largest of any nation in the globe, Gov. Gavin Newsom said this week.
Wed, 23 Apr 2025 13:22:05 GMT Democratic California Gov. Gavin Newsom is asking a state regulator to try to keep oil refineries in business in the state after Democrats spent years targeting the industry with aggressive regulation ...
IMF’s Managing Director, Kristalina Georgieva, briefs the press on the IMF’s 2025 Global Policy Agenda to identify policy challenges facing the IMF’s member countries, and how the IMF can help.
Published: 25th Apr 2025 01:00:34 By: IMF
IMF Video: IMF Seminar: Debate on the Global Economy: Growth and Resilience in an Uncertain World, April 2025
The resilience of the global economy is being tested again, with major policy shifts and heightened uncertainty having a significant impact on economic activity—at a time when growth prospects were already weak. Our debate on the global economy will explore policy actions to address these pressing challenges.
Join us for a lively discussion with: Kristalina Georgieva, IMF Managing Director; Rachel Reeves, UK Chancellor of the Exchequer; Jörg Kukies, German Federal Minister of Finance; Federico Sturzenegger, Argentina's Minister of Deregulation; and Kristin Forbes, MIT Professor. Sara Eisen from CNBC will moderate the debate.
The panel will delve into the questions such as: How can policymakers navigate shifting trade relations and increased uncertainty? Where are the opportunities for countries to boost growth despite elevated debt and limited policy space? How can policymakers implement bold reforms to manage difficult tradeoffs while promoting resilience?
🌐 https://imf.org/GlobalDebate
Published: 4th Apr 2025 02:34:15 By: IMF
IMF Video: Governor Talks – Navigating Uncertainty: Poland’s Vision for a Stronger More Resilient Europe
Europe is confronting a rapidly evolving global landscape. Trade disputes are rising, energy costs are at elevated levels, and national security needs are generating new spending pressures. These new challenges add to long-standing concerns from low productivity growth, skill shortages, and strained public finances. In sum, Europe’s prosperity is at risk. To navigate these difficult times, Europe needs policies that raise its growth potential, while addressing urgent spending in a fiscally responsible way. Poland's Minister of Finance, Andrzej Domanski, will present his perspective on how Europe can address these critical challenges. He will discuss the economic effects on Poland and outline reform priorities that raise growth and productivity over the long-term. As Poland holds the EU presidency, the discussion will also touch on the most pertinent Single Market reforms to achieve a more dynamic and resilient economy. He will also share his views on how to finance the planned increase in defense spending.
Published: 4th Apr 2025 07:16:31 By: IMF
IMF Video: Empowering Data-Driven Policies Through Renewed Partnerships: Launching the D4D Fund Phase II
The Data for Decisions Fund—or D4D—is the IMF’s main multi-partner vehicle for providing statistics training and technical assistance to developing economies, especially low- and lower middle-income countries as well as fragile and conflict-affected states. The 2025 Spring Meetings mark the launch of phase II of the fund, with potentially additional contributions. This high-level event, featuring IMF’s Deputy Managing Director Bo Li, showcases the success and impact of capacity development under D4D phase I and highlights the new areas and innovative approaches to be introduced under phase II. Speakers will include high-level representatives of the beneficiary and donor countries.
Published: 17th Apr 2025 01:36:30 By: IMF
World Economic Forum Video: Platon has photographed the most powerful people in the world, he tells us what makes a real leader
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 Apr 2025 12:11:16 By: World Economic Forum
World Economic Forum Video: ‘I’ll show you a real leader’ - Platon, the photographer of power, on finding humanity in all of us
Platon has made over 20 Time magazine covers with his portraits of people like Donald Trump, Bill Clinton, Barack Obama, George Clooney, Silvio Berlusconi, Mohammed Ali, Adele and Sinead O'Connor. But he has also photographed people who are the opposite of famous and powerful - and recently published a book called The Defenders: Heroes of the Global Fight for Human Rights - which contains work done over 15 years around the world telling the stories of refugees and other oppressed people. He tells us what makes a true leader, and how the meaning of a photograph can change over time, and depending on who is looking at it.
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 Apr 2025 02:00:23 By: World Economic Forum
World Economic Forum Video: 3 Economic Trends of 2025 & AI Triggers Copyright Concerns WEF | Top Stories Week
This week's top stories of the week include:
0:14 3 economic trends of 2025 – What’s really driving the world economy? While news moves fast, long-term economic trends take months, even years to emerge. To find out what major issues will shape the world’s economic future, we sat down with 5 Chief Economists.
9:29 How microplastics harm plant growth – Tiny pieces of plastic can reduce photosynthesis by up to 18%, says a new report. Reduced photosynthesis can hamper crops’ ability to grow and flourish and it could put 400 million more people at risk of starvation in the next 25 years, say the study’s authors, by reducing yields of staple crops and seafood.
11:06 Climate change may reduce wealth – A new study from scientists at the University of New South Wales, Australia established economic forecast models but factored in climate change data to predict the hit on global supply chains. Even a 2°C temperature rise would have a huge effect on the average person’s wealth. Knocking 16% off the average global GDP per person, much higher than previous forecasts which pegged the impact at just 1.4%.
12:39 AI triggers copyright concerns – GenAI models are evolving into sophisticated ‘style engines’. Copyright law protects expression, not ideas, it doesn’t extend to styles – whether ‘expressionism’, ‘dada’ or ‘disco’. This loophole allows for inspiration and artistic freedom. But when a style is as distinctive as Studio Ghibli’s, it gets more complicated, because replicating it could threaten their income and artistic legacy.
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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: 17th Apr 2025 05:19:04 By: World Economic Forum
World Economic Forum Video: Radio Davos | Workplace wellbeing and WFH: what’s best for business and for you?
Are you happy at work? And if so, do you think that helps you do the job better? Jan-Emmanuel de Neve, Professor of Economics and Behavioural Science at the University of Oxford’s Saïd Business School thinks so - and says he has the real-world evidence - from companies and millions of employees to prove it.
He also says there is evidence that companies with a happy workforce will perform better for shareholders.
And he answers the question - does that mean working from home is best, or should we all go back to the office?
Links:
Thriving Workplaces: How Employers can Improve Productivity and Change Lives: https://www.weforum.org/publications/thriving-workplaces-how-employers-can-improve-productivity-and-change-lives/
Future of Jobs Report 2025: https://www.weforum.org/publications/the-future-of-jobs-report-2025/
Why Workplace Wellbeing Matters: https://www.sbs.ox.ac.uk/news/jan-emmanuel-de-neve-launches-latest-book-workplace-wellbeing-and-why-it-matters
Related podcasts:
Wharton psychologist Adam Grant: How to rethink the work day - and the soft skill future leaders need: https://www.weforum.org/podcasts/meet-the-leader/episodes/adam-grant-skills-future-leaders-work/
The future of jobs requires a ‘skills-first’ mindset - for employers and for you: https://www.weforum.org/podcasts/radio-davos/episodes/skills-first-jobs/
Intel's HR chief on reskilling and building teams for the future: https://www.weforum.org/podcasts/meet-the-leader/episodes/christy-pambianchi-intel-ai-jobs-reskilling/
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/
Check out all our podcasts on wef.ch/podcasts:
YouTube: - https://www.youtube.com/@wef/podcasts
Radio Davos - subscribe: https://pod.link/1504682164
Meet the Leader - subscribe: https://pod.link/1534915560
Agenda Dialogues - subscribe: https://pod.link/1574956552
Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub
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Published: 17th Apr 2025 01:01:14 By: World Economic Forum
World Economic Forum Video: CEO Lily Vittayarukskul: The ‘inevitable’ costs you're probably not prepared for
The ‘long-term care nightmare’ is coming. Waterlily’s founder Lily Vittayarukskul shares her own family’s story – and how others can prepare on #podcast #MeettheLeader
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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#WorldEconomicForum #longevity #financialplanning
Published: 15th Apr 2025 04:33:59 By: World Economic Forum
Reuters Video: Wall Street ends higher on tech boost | REUTERS
US stocks closed higher, rallying for a third straight day with a solid boost from technology shares as investors parsed a mixed bag of corporate earnings and watched for signs of progress in the US-China tariff stand-off.
#News #Stocks #US #Buiness #markets #finance #Reuters #Newsfeed
Read the story here: https://reut.rs/4lMqrY6
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Published: 25th Apr 2025 12:16:57 By: Reuters
Reuters Video: Novo Nordisk's run of hiking sales guidance could be ending | REUTERS
Since launching its popular weight-loss drug Wegovy in 2021, Novo Nordisk has raised its annual sales guidance several times a year. But recent weak US prescription data is leading some people to question whether this is coming to an end
#business #wegovy #pharmacy #News #Reuters #Newsfeed
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Published: 24th Apr 2025 10:25:20 By: Reuters
Reuters Video: Unilever beats estimates, driven by price hikes and demand | REUTERS
Unilever beat estimates for first-quarter underlying sales growth helped by price increases and strong demand for its premium products, and said it expected the direct impact of tariffs to be limited.
#News #Reuters #Newsfeed #Unilever #Retail
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Nestle said the indirect impact of US tariffs was 'unclear' and posted better-than-expected first-quarter organic sales growth, as the world's biggest packaged food company hiked prices for its Kit-Kat chocolate bars and Nescafe coffee.
#News #Reuters #Newsfeed #Nestle #Business
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Published: 24th Apr 2025 10:43:59 By: Reuters
Reuters Video: Chinese airlines rejecting new Boeing jets over tariffs | REUTERS
Boeing's Chinese customers are refusing delivery of new planes built for them due to tariffs, the US plane maker has confirmed
#News #Reuters #Newsfeed
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Published: 24th Apr 2025 08:14:48 By: Reuters
Business Video: Restaurant owner says tariffs creating 'uncertainty'
A restaurant owner based in Albany, New York, Dominick Purnomo, joins Jake Tapper to discuss a shift in foot traffic in response to Trump's tariffs. #CNN #News
Published: 25th Apr 2025 01:00:08 By: CNN
Business Video: Sighs of relief on Wall Street after Trump backs down
President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs, who warned of financial chaos and store shelves that could go bare, people familiar with the conversations said. #CNN #News
Published: 23rd Apr 2025 09:00:33 By: CNN
Business Video: Trump backtracks on two key economic issues. Here’s why that matters
President Trump dialed back his rhetoric on China and on firing the Fed Chief. Investors are breathing a sigh of relief, but CNN's Allison Morrow explains why economic growth is still at risk. #cnn #news #trump #fedchair #china #tariffs
Published: 23rd Apr 2025 07:45:39 By: CNN
Business Video: Empty shelves and financial turmoil: Why Trump backed down
The White House changed its tone on both China tariffs and Federal Reserve Chair Jerome Powell, and the shift pushed stocks higher. The CEOs of Walmart, Target, Lowe’s and Home Depot met with President Trump in the Oval Office to discuss the tariffs’ impact on retail, and warned the President of “empty shelves.” Trump’s advisers were alarmed by his attacks on Powell and his unprecedented tariffs, particularly on China. “Trump Chickened Out” is trending on social media in China, as Trump has said that China tariffs will drop “substantially” but “won’t be zero.”
0:00 CNN business and politics correspondent Vanessa Yurkevich on Sec. Bessent’s remarks on the trade war
4:02 CNN chief national affairs correspondent Jeff Zeleny on Trump’s impromptu North Lawn comments on tariffs
9:24 CNN senior White House reporter Kevin Liptak discusses Trump’s remarks on China
12:51 Panel discussion with CNN senior correspondent Kayla Tausche, The Atlantic’s Franklin Foer, and NPR’s Ayesha Rascoe
20:53 Ex-Trump economic adviser Stephen Moore discusses President Trump’s negotiating approach
#CNN #News
Published: 23rd Apr 2025 07:14:26 By: CNN
Business Video: Markets open after Trump signals potential U-turn on trade war
A day after markets boomed on comments from Treasury Secretary Scott Bessent that Trump would seek to de-escalate the trade war with China, US markets surged again. Top administration officials were also relieved by Trump’s Oval Office statement on Powell, the people familiar with the matter said. The officials had become unnerved by the heated rhetoric and wary of a prolonged legal battle should Trump attempt to unseat the Fed chair. CNN’s Vanessa Yurkevich reports on the markets, as well as on Elon Musk’s announcement that he would spend more time at Tesla and step back from his DOGE role.
#CNN #News