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Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University in New York City, on April 22. Stephanie Keith/Bloomberg/Getty ImagesWith tension mounting over an encampment in support of Palestinians at New York’s Columbia University, police strode onto campus this month and arrested more than 100 demonstrators. Soon, dozens more students protesting the monthslong assault on Gaza were arrested at New York University and Yale University. Then at Emory University in Atlanta, law enforcement deployed pepper balls to break up a pro-Palestinian action, arresting 28, including several professors. It is a “drastic action” that “should be reserved for only the most direct and severe threats to campus safety,” Greenberg said.

Persons: Stephanie Keith, strode, –, that’s, Zach Greenberg, ” Greenberg, ” Organizations: Columbia University, Bloomberg, Getty, New York’s Columbia University, New York University, Yale University, University of Texas, University of Southern, Emory University, Boston’s Emerson College, Indiana University, George Washington University and California State Polytechnic, Humboldt, Foundation, Rights Locations: New York City, New, Gaza, Austin, University of Southern California, Atlanta, Israel

☆ He visited Italy for the first time and bought a house within 24 hours
▼ + stars: | 2024-04-28 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +10 min

“I had been to various countries in the European Union on several occasions but never Italy, though it was on my list. Millet says that he began planning to travel to Italy to buy a house back in 2019, but was thwarted by Covid-19. “The prices of the houses were super-attractive, especially coming from the Los Angeles area, and the Latronico properties were for the most part in good shape. “At the end of the day, I bought my place and began thinking about renovations and the future,” he adds. Sunset cocktailsThe house Millet bought has only one bedroom but came with two large basements.

Persons: you’re Paul Millet, you’ve, Millet, ”, “, Covid, he’d, Paul Millet, he'll, Vincenzo Castellano, Latronico, ” Millet, Vincenzo Castellano Millet, Latronico’s peacefulness, “ It’s, I’ve, “ Franca, he’s, “ That’s, Latronico’s, Castellano Organizations: CNN, European Union, ” Locations: Italy, Italy’s Basilicata, Los Angeles, Basilicata, Ireland, Latronico, LA, Maui

☆ Take a look at the revolutionary housing developments Canada's First Nations are building on ancestral land
▼ + stars: | 2024-04-28 | by ( Dan Latu | Eliza Relman | ) www.businessinsider.com time to read: +2 min

Canada's First Nations are constructing dense new housing in the country's most expensive city. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCanada's First Nations are breaking new ground with several major housing developments in the city of Vancouver. One project minutes away from downtown Vancouver, being built by the Squamish Nation, will include 11 towers and 6,000 housing units. Take a look at these projects and the future of housing in Vancouver.

Persons: —, Brennan Cook, Cook Organizations: Service, Business, Nation, Nations, MST, Corporation Locations: Canada, Vancouver, —, Squamish, Waututh

☆ Here are 11 states with guaranteed basic-income programs that give residents hundreds of dollars a month, no strings attached
▼ + stars: | 2024-04-28 | by ( Allie Kelly | Andy Kiersz | ) www.businessinsider.com time to read: +1 min

Guaranteed basic-income programs can help low-income participants afford necessities like rent. Despite legislative opposition, basic-income programs remain active across the country. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIngrid Sullivan, 48, used her cash from the San Antonio guaranteed basic-income program to rent a home where her grandchildren can play in the yard. "My life was always just a couple hundred dollars short," Sullivan told Business Insider.

Persons: —, Ingrid Sullivan, Monique Gonzalez, Sullivan Organizations: Service, San Antonio, Jarun Locations: San Antonio, Denver

☆ WEF president: Gaza crisis is at the 'core' of Middle East tensions
▼ + stars: | 2024-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWEF president: Gaza crisis is at the 'core' of Middle East tensionsBorge Brende, World Economic Forum president, discusses geopolitical tensions between Israel and Iran and the Israel-Hamas war on the sidelines of a special WEF meeting in Riyadh. Saudi Arabia.

Persons: Borge Brende Organizations: Economic Locations: Gaza, Israel, Iran, Riyadh, Saudi Arabia

☆ How Berlin's techno scene came to define the post-wall city and earn UNESCO cultural heritage status — with a little help from Detroit
▼ + stars: | 2024-04-28 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

Berlin's techno scene was recently added to the UNESCO intangible cultural heritage list in Germany. The impact on Berlin's identity has been so significant that it has now received official recognition, with the city's techno scene recently added to UNESCO's intangible cultural heritage list in Germany. Dimitri HegemannWhen Dimitri Hegemann first entered the space that was to become the original site of Tresor, now one of Berlin's most iconic techno clubs, he was silent. A DJ performing during the Rave The Planet techno parade in Berlin, 2023. Lutz Leichsenring, a board member at the Clubcommission, told BI that the recognition was a "milestone for Berlin techno producers, artists, club operators and event organizers."

Persons: —, Dimitri Hegemann, Hegemann, Jeff Mills, Juan Atkins, Christian Ender, Nathan Rennolds Polish, Jennifer Kucza, Sean Gallup, Berliners, Lutz Leichsenring Organizations: UNESCO, Service, Business, BBC, Reuters, Berlin Locations: Germany, Berlin, Tresor, Detroit, New, —

☆ Trump’s Trial Could Bring a Rarity: Consequences for His Words
▼ + stars: | 2024-04-28 | by ( Maggie Haberman | Jonah E. Bromwich | ) www.nytimes.com time to read: +1 min

“So that’s not true? That’s not true?”The judge in control of Donald J. Trump’s Manhattan criminal trial had just cut off the former president’s lawyer, Todd Blanche. Mr. Blanche had been in the midst of defending a social media post in which his client wrote that a statement that had been public for years “WAS JUST FOUND!”Mr. Blanche had already acknowledged during the Tuesday hearing that Mr. Trump’s post was false. But the judge, Juan M. Merchan, wasn’t satisfied. But this particular defendant, accused by the Manhattan district attorney’s office of falsifying business records to conceal a sex scandal, has spent five decades spewing thousands and thousands of words, sometimes contradicting himself within minutes, sometimes within the same breath, with little concern for the consequences of what he said.

Persons: Donald J, Todd Blanche, Mr, Blanche, Trump’s, Juan M, wasn’t, Merchan Locations: Manhattan

☆ U.S. Lags Behind Other Countries in Hepatitis-C Treatment
▼ + stars: | 2024-04-28 | by ( Ted Alcorn | ) www.nytimes.com time to read: 1 min

In the 10 years since the drugmaker Gilead debuted a revolutionary treatment for hepatitis C, a wave of new therapies have been used to cure millions of people around the world of the blood-borne virus. Today, 15 countries, including Egypt, Canada and Australia, are on track to eliminate hepatitis C during this decade, according to the Center for Disease Analysis Foundation, a nonprofit. Each has pursued a dogged national screening and treatment campaign. Spread through the blood including IV drug use, hepatitis C causes liver inflammation, though people may not display symptoms for years. Only a fraction of Americans with the virus are aware of the infection, even as many develop the fatal disease.

Organizations: Center, Disease Analysis Locations: Egypt, Canada, Australia, United States

☆ Why so many men in the US have stopped working
▼ + stars: | 2024-04-28 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +10 min

AdvertisementIt could be all about recessionsSince the 1950s, whenever the US economy fell into a recession, the rate of working men tended to suffer a lasting blow. AdvertisementWhy have recessions appeared to have such a lasting impact on working men? The strong recovery of men working after the pandemic recession could be due to the unique nature of this downturn — which tanked an otherwise healthy economy. And of course, some lucky prime-age men aren't working because they've had a lot of financial success — and already retired. Deciphering how much these explanations have fueled the decline of working men could be worthy of further explanation, the economists said.

Persons: —, It's, Abigail Wozniak, Wozniak, David Autor, There's, Jason Furman, Barack Obama's, Elise Gould, Gould, aren't, we've, John M, Coglianese, they've Organizations: Service, Federal Reserve Bank of Minneapolis, Massachusetts Institute of Technology, Washington Post, of Labor Statistics, San Francisco Fed, BLS, Economic, Economic Policy Institute, Federal Reserve

☆ How universities are cracking down on a swell of tension months into student protests over Israel’s bombardment of Gaza
▼ + stars: | 2024-04-28 | by ( Dakin Andone | ) edition.cnn.com time to read: +17 min

Soon, dozens more students protesting the monthslong assault on Gaza were arrested at New York and Yale universities. Ash told CNN he was one of 20 students arrested following a sit-in on November 8. The charges were later dropped, according to the Brown Daily Herald, but 41 students arrested the following month in similar circumstances still face charges, which protesters now want dropped. Separately, the referendum on the BDS resolution “did not move forward because of potential conflict with federal and state laws,” the university told CNN in a statement. Police then were aggressive, Agrawal told CNN.

Persons: strode, –, Jordan Vonderhaar, that’s, Zach Greenberg, ” Greenberg, ” “, ”, Dima Khalidi, “, Greenberg, …, Arman Deendar, Rafi Ash, Ash, ” Ash, Richard Vogel, Jack Petocz, Petocz, Vanderbilt, Samson Zhang, Alexander Hall, Pitzer, Mita Banerjee, Banerjee, ” Arrestees, Natascha, Shubh Agrawal, Agrawal, Colleen Mastony, Israel, Grace Hie Yoon, Adam Lehman, who’ve, they’re, ” Lehman, CNN’s Dana, Israel –, Palestine Legal’s Khalidi, ” Khalidi, CNN’s Nicquel Terry Ellis, Chelsea Bailey, Isabel Rosales, Devon Sayers Organizations: CNN, New York’s Columbia University, Yale, University of Texas, University of Southern, Emory University, Boston’s Emerson College, Indiana University, George Washington University and California State Polytechnic, Humboldt, Bloomberg, Getty, Foundation, Rights, ”, White, Palestine, Brown University, Brown Daily Herald, University Public, Vanderbilt University, Vanderbilt, Coalition, ” Vanderbilt University, Community, Officer, Barnard College, Harvard University, Boston, Pomona College, Claremont Colleges, Pomona, Pomona College’s, for Justice, ” Claremont Police, Pro, Palestinian, George Washington University, University of Michigan’s, Investment, University of Michigan, Police, New York University, New, Civil Liberties Union, Anadolu Agency, Jewish, Hillel International Locations: New, Gaza, New York, Austin, University of Southern California, Atlanta, Israel, Rhode Island, Los Angeles, Nashville, Florida’s, Southern, Palestine, TAHRIR, “ City, Vietnam

☆ After Period of Chastity, Hollywood Movies Embrace Sex Again
▼ + stars: | 2024-04-28 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

Zendaya, clad in a skintight dress, gyrates on a dance floor in “Challengers,” a $56 million sports drama that arrived in multiplexes on Friday. “Sex is back!” shouted an apparently elated man at the conclusion of a prerelease “Challengers” screening in West Hollywood, Calif., this month. Think about how many times the rom-com has been declared dead — and alive — and dead. (No, wait, alive.) But this much can be said with surety: Hollywood is hornier than it has been in years.

Persons: ”, “, — Locations: “, West Hollywood, Calif

☆ Many Ukrainian Prisoners of War Show Signs of Trauma and Sexual Violence
▼ + stars: | 2024-04-28 | by ( Carlotta Gall | Oleksandr Chubko | ) www.nytimes.com time to read: +1 min

The Ukrainian marine infantryman endured nine months of physical and psychological torture as a Russian prisoner of war, but was allotted only three months of rest and rehabilitation before being ordered back to his unit. The infantryman, who asked to be identified only by his call sign, Smiley, returned to duty willingly. But it was only when he underwent intensive combat training in the weeks after that the depth and range of his injuries, both psychological and physical, began to surface. “I started having flashbacks, and nightmares,” he said. Ukraine is just beginning to understand the lasting effects of the traumas its prisoners of war experienced in Russian captivity, but it has been failing to treat them properly and returning them to duty too early, say former prisoners, officials and psychologists familiar with individual cases.

Persons: Smiley, ”, “ Locations: Ukrainian, Russian, Ukraine

☆ Rolls-Royce is growing its factory so it can build cars more slowly
▼ + stars: | 2024-04-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

So this factory expansion isn’t about making more cars, but making more expensive cars, which takes more time and requires more space for workshops and storage of exotic materials. The Rolls-Royce Phantom Syntopia's has glass flecks to create sparkling designs. Before that, Rolls-Royce cars were built alongside Bentleys — Rolls-Royce had acquired Bentley in 1931 — at a factory in Crewe, UK. The Phantom Syntopia likely would have cost more than $3 million according to sources, although Rolls-Royce would not confirm an exact price. The Phantom Syntopia has a special Weaving Water design in its Starlight Headliner.

Persons: Royce, “ We’re, ”, Martin Fritsches, “ That’s, Bentleys —, Bentley, Stephan Winkelmann, Javier Gonzalez Lastra, Fritsches, Cullinan Organizations: CNN, BMW, Royce, Bentley, Volkswagen, Lamborghini, Ferrari, ” Lamborghini, Tema Locations: Chichester , England, Crewe, cabinetry

☆ CNN Analysis: No, Trump’s legal woes aren’t helping him
▼ + stars: | 2024-04-28 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

Trump’s success might make you believe that he has turned the conventional wisdom on its head – that somehow, his legal troubles are helping him politically. There isn’t much of a sign that Trump’s legal woes are helping him among the wider electorate, even if they aren’t hurting him necessarily. Consider Trump’s polling against President Joe Biden. You might think that Trump would be gaining against Biden, if the cases against Trump were helping him. It’s not clear whether the money Trump’s raising because of appeals to his base during his legal troubles is offsetting the amount his committees are spending.

Persons: Donald Trump, Joe Biden, Trump, Biden, pollster, pollsters, don’t, Trump’s, isn’t, he’s, I’m Organizations: CNN, Republican, Biden, Trump, Marist College, Reuters, New York Times, Siena College, NBC, Quinnipiac University, Marquette University Law School, Times, Financial Times Locations: York, Quinnipiac, New York

☆ Opinion: 1968 protests should serve as a warning to today’s Democrats
▼ + stars: | 2024-04-28 | by ( Julian Zelizer | ) edition.cnn.com time to read: +8 min

Editor’s Note: Julian Zelizer, a CNN political analyst, is a professor of history and public affairs at Princeton University. CNN —Democrats are increasingly anxious about their party’s internal divisions over the Israel-Hamas war, which are threatening to hurt their chances in November. The eruption of pro-Palestinian protests on college campuses and the ensuing clashes with police portend bad times ahead. After President Lyndon Johnson announced that he would not run for reelection, the party nominated his vice president, Hubert Humphrey. However, there are many important differences between 2024 and 1968 that could make this current situation significantly less damaging for Biden than some Democrats fear.

Persons: Julian Zelizer, Minouche Shafik, Biden, Mike Johnson, “, Shafik, Johnson, Lyndon Johnson, Hubert Humphrey, Richard Daley, Richard Nixon, …, ”, Nixon, ” Nixon, George Wallace, Humphrey, —, Harvard Kennedy, Trump, George Floyd Organizations: CNN, Princeton University, New York Times, America, Twitter, Columbia University, New York Police Department, University of Southern California, Columbia, National Guard, GOP, Democratic, Convention, Chicago police, Republican, Alabama Gov, White, Harvard Locations: Israel, Louisiana, New York City, Chicago, Windy City, Vietnam, United States, Palestine

☆ Louisiana Will Get a New City After a Yearslong Court Battle
▼ + stars: | 2024-04-28 | by ( Rick Rojas | ) www.nytimes.com time to read: 1 min

That didn’t work. In 2015, they collected signatures to bring their proposal up for a vote, but didn’t get enough. This time, they made it to a ballot and won the election, only to be stalled by a lengthy court battle. But the Louisiana Supreme Court cleared the way on Friday for the formation of St. George, a city of nearly 100,000 people that joins the ranks of the state’s largest cities, falling between Lafayette and Lake Charles in population. It is the first city to be incorporated in Louisiana in nearly two decades.

Persons: George ., George Locations: Baton Rouge, La, St, Louisiana, Lafayette, Lake Charles

☆ How to Reboot Free Speech on Campus - The New York Times
▼ + stars: | 2024-04-28 | by ( David French | ) www.nytimes.com time to read: +2 min

That was the sound of the first campus protest I’d ever experienced. I’d come to Harvard Law School in the fall of 1991 as a graduate of a small, very conservative Christian college in Nashville. This is the era when a writer for GQ magazine, John Sedgwick, called the law school “Beirut on the Charles” because it was torn apart by disputes over race and sex. I watched as they danced, sang and listened to speeches by student activists and sympathetic professors. Protests got more unruly, and student activists got more aggressive.

Persons: I’d, John Sedgwick, Charles ”, John F, Kentucky who’d, “, ” Organizations: Harvard Law School, Christian, Harvard, GQ, Kennedy School of Government Locations: Nashville, Beirut, Kentucky

☆ Saudi Arabia wants big spenders for the first part of its Neom megaproject
▼ + stars: | 2024-04-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Saudi Arabia plans to open the first part of its Neom megaproject this year. Saudi Arabia is pushing to distinguish itself in the high-end luxury market to compete with Dubai. AdvertisementSaudi Arabia plans to open the first region of its Neom megacity by the end of the year. Neom recently ended investor roadshows in China by confirming the luxury island resort would open this year, Arab News reported. A rendering of The Line, part of the Neom project planned by Saudi Arabia.

Persons: —, Neom, roadshows, It's, Marriott Bonvoy, Chadi, MDLBEAST, Kristian Coates Ulrichsen, Saudi Arabia hasn't, Ulrichsen, Saudi Crown Prince Mohammed bin Salman's Organizations: Dubai, Service, Arab News, Marriott, United, Rice, Baker Institute for Public Policy, Emirates, Saudi, Bloomberg, Business Locations: Saudi Arabia, Sindalah, China, Saudi, Vives, Dubai, United Arab Emirates, Saudi Crown, Gulf Kingdom

☆ Rich Young Men Want This Famous $7,000 Herman Miller Eames Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.

Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm

☆ Biden keeps up his attack on 'sleepy Don' with a slew of jokes aimed at Trump at the White House Correspondents' dinner
▼ + stars: | 2024-04-28 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

Joe Biden used his speech at the White House Correspondents' Association dinner to mock Donald Trump. AdvertisementOften referred to as Washington's "nerd prom," hundreds of journalists, politicians, and celebrities rubbed shoulders on Saturday evening at the White House Correspondents' Association dinner. President Joe Biden jokes about his age and Donald Trump at the 2024 White House Correspondents’ Dinner. Trump responded to Biden's Saturday comments on his Truth Social platform, saying, "The White House Correspondents' Dinner was really bad. Later in his White House Correspondents' speech, Biden also delivered some light-hearted jokes at the media's expense.

Persons: Joe Biden, Donald Trump, Biden, —, Trump, Mike Pence, Stormy Daniels, Donald, 81NH5r3hg2, 2bD4ZOo9cl —, Joe, Ron DeSantis, Ron DeSanctimonious, 4ggDwycPlY — Joe Biden, Colin Jost Organizations: White, Correspondents, Association, Trump, Service, Republican, 2bD4ZOo9cl — MSNBC, Florida Gov, Unions Washington DC, Union, New York Times, The New York Times Locations: New York

☆ One of the world's biggest cities is sinking, so they're spending $35 billion to build a new capital from scratch. Take a look at Nusantara.
▼ + stars: | 2024-04-28 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Indonesia plans to relocate its capital from Jakarta to the new city of Nusantara. The new city will cost $35 billion and won't be finished until 2045. The climate crisis has prompted the move, with Jakarta at risk of sinking due to rising sea levels. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The Indonesian government plans to move the capital to Nusantara, a new city being built on the eastern coast of Borneo, about 870 miles north of Jakarta.

Organizations: Service, Business Locations: Indonesia, Jakarta, Nusantara, Java, Indonesian, Borneo

☆ Even With Gaza Under Siege, Some Are Imagining Its Reconstruction
▼ + stars: | 2024-04-28 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

They were there to plan for the reconstruction and long-term economic development of Gaza. Gaza was under relentless bombardment by Israeli military forces in response to terrorist attacks launched by Hamas in October. Communities throughout the territory were being reduced to rubble, and tens of thousands of people had been killed. The group included senior officials from American and European economic development agencies, executives from Middle Eastern finance and construction companies, two partners from the international consulting firm McKinsey & Company, and a managing director of the World Economic Forum. Officially, they were attending only as individuals, not as representatives of their institutions.

Organizations: Middle, McKinsey & Company, Economic Locations: London, East, Europe, United States, Gaza

☆ Here's what 93-year-old Warren Buffett and YouTuber Ryan Trahan, 25, have in common
▼ + stars: | 2024-04-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett, 93, has more in common with YouTuber Ryan Trahan, 25, than you might think. Trahan specializes in turning a penny into hundreds or even thousands of dollars within days. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If the 93-year-old investor watched YouTube, he might be a fan of Ryan Trahan.

Persons: Warren Buffett, YouTuber Ryan Trahan, Trahan, —, Ryan Trahan, Charlie Munger, Berkshire Hathaway, vlogger, hawking, Buffett, penny's Organizations: Service, YouTube, Berkshire, Buffett —, HBO Locations: California, North Carolina, McDonald's, Berkshire

☆ Young parents with more than $5,000 in disposable income are the future of luxury shopping, study finds
▼ + stars: | 2024-04-28 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

YouGov published a report about Americans' desire for luxury goods despite concerns over inflation. Future luxury shoppers are young parents with disposable income and an optimistic outlook. Respondents said they're more likely to pay for luxury goods in 2024 compared to 2021. A report published this month by YouGov, a market research company, explored Americans' hunger for luxury goods and brands. "As more Americans purchase or consider purchasing luxury goods, luxury brands need a holistic understanding of their evolving and broadening customer segments."

Persons: YouGov, they're, —, Chris Melchiorre Organizations: Service, YouGov America, Business Locations: America

☆ WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars'
▼ + stars: | 2024-04-28 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied. "The global growth [estimate] this year is around 3.2 [%]. "Trade will change and global value chains — there will be some more near-shoring and friend-shoring — but we shouldn't lose the baby with the bathwater ... Then we have to address the global debt situation. We haven't seen this kind of debt since the Napoleonic Wars, we are getting close to 100% of the global GDP in debt," he said. He also motioned persistent inflationary pressures and that generative artificial intelligence could be an opportunity for the developing world.

Persons: Borge Brende, CNBC's Dan Murphy, shoring Organizations: Economic, Energy Locations: Saudi Arabia

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