DIRS.INFO The most relevant business & tech news

☆ Here’s where BlackRock sees investment opportunities as demographics shift and the population ages
▼ + stars: | 2024-04-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Aging population plays In developed markets with aging populations , health-care needs will rise, creating an investment opportunity in the sector, Li said. "The relative outperformance of the health-care sector is to be expected in the context of an aging population," Li said. It tracks the health-care sector of the S & P 500 . "An economy-wide, sustained productivity boom is very hard to achieve, especially in the context of the supply constraint coming from, among other things, demographic shortage, aging population," Li said. "If India is able to bring more people into the working population, especially women, that will significantly boost its growth trajectory," she said.

Persons: Wei Li, dwindles, BlackRock, Li, It's, it's Organizations: BlackRock, World Health Organization, United Nations, Healthcare, Bank Locations: BlackRock, Japan, U.S, Indonesia, Mexico, Saudi Arabia, South Africa, India, China

☆ Yellen says U.S. plans to ‘underscore’ need for China to shift policy
▼ + stars: | 2024-04-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing's need to shift its policy on industry and the economy, as she wrapped up the fourth and final full day of her trip to China on April 8. Pedro Pardo | Afp | Getty ImagesBEIJING — U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing's need to change its policy on industry and the economy. Yellen said her conversations with Chinese officials during the trip discussed plans Beijing had for its economy, but she did not elaborate. Yellen also declined to share what tools the U.S. might use to prevent China's industrial policy from resulting in the loss of American jobs. During her trip, Yellen met with top Chinese officials including Premier Li Qiang in Beijing and Vice Premier He Lifeng in Guangzhou.

Persons: Janet Yellen, Pedro Pardo, Yellen, Yue Su, Su, Premier Li Qiang Organizations: Treasury, U.S, Afp, Getty, International Monetary Fund, World Bank Group, EV, The Economist Intelligence Unit, ASEAN, Consumer, Premier, Lifeng Locations: China, BEIJING, U.S, Guangzhou, Beijing, Washington ,, Europe, Hong Kong, Washington

☆ Ukraine war live updates: NATO chief floats 100 billion euro fund for Kyiv; Ukraine shoots down 4 Russian drones overnight
▼ + stars: | 2024-04-03 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

NATO Secretary General Jens Stoltenberg speaks during a press conference at the International Monetary Fund and World Bank annual meeting in Marrakech, Morocco, October 11, 2023. NATO foreign ministers are gathering in Brussels, where the alliance's Secretary-General Jens Stoltenberg is proposing a five-year, 100 billion euro ($107 billion) military and fund for Ukraine. It is not yet clear where the money would come from. The U.K.'s Foreign Minister David Cameron meanwhile is urging member states to invest more in defense and increase industrial production, saying it is necessary if the alliance wants Ukraine to defeat Russia. Elsewhere, Ukraine's air defenses shot down four Iranian-made Shahen drones fired from Russia overnight, its air force said in a statement.

Persons: Jens Stoltenberg, David Cameron meanwhile Organizations: NATO, International Monetary Fund, Bank Locations: Marrakech, Morocco, Brussels, Ukraine, Russia

☆ How Microsoft Azure Arc Brings Cloud Solutions to Hybrid Environments
▼ + stars: | 2024-04-03 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

That's why Microsoft is committed to meeting customers wherever they are, with adaptive solutions that bring their data together from the ground to the cloud, with Azure Arc. As of 2023, World Bank had connected about 25% of its SQL Server estate to Azure Arc. Today, World Bank and Microsoft are working together on additional functional elements to improve optimization of Azure Arc. "We've already seen how Azure Arc can make us more efficient and reduce our operating costs. "We've already seen how Azure Arc can make us more efficient and reduce our operating costs.

Persons: it's, Chandra Kala Macha, Kala Macha, It's, We've Organizations: Microsoft, Bank, World Bank, IT, Intel, Technology, QuickAssist, Arc, Insider Studios

☆ Ugandan Court Upholds Draconian Anti-Gay Law
▼ + stars: | 2024-04-03 | by ( Abdi Latif Dahir | ) www.nytimes.com time to read: +1 min

Uganda’s Constitutional Court on Tuesday largely upheld a sweeping anti-gay law that President Yoweri Museveni signed last year, undermining the efforts of activists and rights groups to abolish legislation that drew worldwide condemnation and strained the East African nation’s relationship with the West. The legislation, which was signed into law by Mr. Museveni in May, calls for life imprisonment for anyone who engages in gay sex. But the law was popular in Uganda, a landlocked nation of over 48 million people, where religious and political leaders frequently inveigh against homosexuality. The fallout for Uganda will be watched closely in other African countries where anti-gay sentiment is on the rise and anti-gay legislation is under consideration, including Kenya, Namibia, Tanzania and South Sudan. In February, Ghana’s Parliament passed an anti-gay law, but the country’s president said that he would not sign it until the Supreme Court ruled on its constitutionality.

Persons: Yoweri Museveni, Museveni Organizations: East, West, World Bank Locations: Uganda’s, Uganda, United States, Kenya, Namibia, Tanzania, South Sudan, Ghana’s

☆ The developing East Asia and Pacific region is 'underachieving,' World Bank economist says
▼ + stars: | 2024-04-01 | 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 EmailThe developing East Asia and Pacific region is 'underachieving,' World Bank economist saysAaditya Mattoo, the World Bank's East Asia and Pacific chief economist, says "it is a region that is still outperforming the rest of the world, but it is underachieving relative to its own potential."

Persons: Aaditya Mattoo Organizations: World Bank Locations: East Asia, Pacific

☆ East Asia's growth is faster than the rest of the world but China headwinds weigh, World Bank says
▼ + stars: | 2024-04-01 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

As inflation continues to impact global economies, Asia-Pacific is the only region that will see real salary growth in 2023, according to ECA International. Growth in developing East Asia and Pacific is outpacing the rest of the world, but the region will likely see slower growth in 2024 amid headwinds in China and broader policy uncertainty, according to the World Bank. "It is a region that is still outperforming the rest of the world, but it is underachieving relative to its own potential," Aaditya Mattoo, East Asia and Pacific chief economist at the World Bank, told CNBC's "Street Signs Asia" on Monday. Growth in the region is expected to ease to 4.5% this year, slowing from last year's 5.1% expansion, according to the bank's East Asia and Pacific (EAP) update for 2024, which was released Monday. However, excluding China, growth in the region is predicted to reach 4.6% this year — higher than 4.4% in 2023.

Persons: CNBC's Organizations: ECA International, World Bank Locations: Asia, Pacific, East Asia, headwinds, China

☆ Asian Infrastructure Investment Bank president: People shouldn't exaggerate geopolitical tensions
▼ + stars: | 2024-03-28 | 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 EmailAsian Infrastructure Investment Bank president: People shouldn't exaggerate geopolitical tensionsJin Liqun, president of the bank, discusses the projects it has co-financed with the World Bank and the Asian Development Bank.

Persons: Jin Liqun Organizations: Infrastructure Investment Bank, World Bank, Asian Development Bank

☆ China’s Xi meets American CEOs to boost confidence in world’s second largest economy
▼ + stars: | 2024-03-27 | by ( Laura He | Wayne Chang | ) edition.cnn.com time to read: +3 min

Foreign direct investment in China has slumped in recent months as a combination of slower growth, regulatory crackdowns, onerous national security legislation and questions about the country’s long-term growth prospects have shaken confidence in the world’s second biggest economy. But global investors remain wary of China’s rising scrutiny of Western companies as well as a structural slowdown. In the first two months of 2024, foreign direct investment (FDI) into the country shrank nearly 20% from a year ago, underscoring weak confidence among global executives. Another gauge of FDI — direct investment liabilities — showed a 82% slump in 2023, according to figures released by the State Administration of Foreign Exchange. China has set this year’s economic growth target at around 5%, the same as last year’s.

Persons: Xi Jinping, Cristiano Amon, Raj Subramaniam, Stephen Schwarzman Organizations: Taipei CNN, Qualcomm, FedEx, Blackstone, of, International Monetary Fund, World Bank, China Development, Commerce Ministry, State Administration of Foreign Exchange, American Chamber of Commerce Locations: China, Hong Kong, Taipei, Beijing, United States

And perhaps best of all, money — from selling the electricity generated by the wind turbines studding the flat green fields stretching out to the North Sea. A slice of the cash goes to the villagers themselves, with the local buy-in making this windy farming enclave near the border with Denmark a showcase for ways to push ahead with renewable energy projects. The S&P Global Clean Energy Index of shares in companies with clean energy-related businesses has fallen 26% over the past year, even as broader market indexes have surged to records. In sub-Saharan Africa, where half the population lacks access to electricity, renewable projects face even steeper challenges with financing. In Nigeria, where blackouts are an everyday event for about half of the country’s 213 million people, some 14 solar projects have stalled because the finances don’t add up.

Persons: ”, Astrid Nissen, moos, “, Mackenzie, it's, Nissen, Christian Andresen, Andresen, Orsted, Vattenfall, David Shepheard, Edu Okeke, Taiwo Organizations: U.S . Federal Reserve, European Central Bank, University College London, Solar, Energie Andresen GmbH, Energy, logjams, World Bank Locations: SPRAKEBUELL, Germany, Denmark, village's, Spain, Italy, Africa, Flensburg, Sprakebuell's, German, Danish, New Jersey, Swedish, North American, Saharan Africa, Nigeria, Katsina, Abuja

☆ China faces ‘fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms
▼ + stars: | 2024-03-25 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China. China has two choices right now: return to its old economic policies, or choose reforms to spur growth, according to the International Monetary Fund's Managing Director Kristalina Georgieva. "China is poised to face a fork in the road — rely on the policies that have worked in the past, or update its policies for a new era of high-quality growth," Georgieva said Sunday at the China Development Forum in Beijing. "With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario," she said, according to prepared remarks by the IMF. The measures coincide with other moves Beijing has made in recent weeks to boost confidence among foreign investors and businesses as it pursues a growth target of about 5% this year.

Persons: Kristalina Georgieva, Georgieva, Li Qiang Organizations: International Monetary Fund, International Monetary Fund's, China Development Forum, IMF, World Bank Locations: China, Diaoyutai, Beijing, Bulgarian

☆ Analysis: Europe is trying to fill a US-shaped hole in funding for Ukraine
▼ + stars: | 2024-03-23 | by ( Luke Mcgee | ) edition.cnn.com time to read: +7 min

CNN —Can Europe fill the gap left by the United States in Ukraine? Over the course of the war, European thinking has evolved. Should EU money be spent outside the bloc? So, can Europe fill the funding void in Ukraine left by Washington DC? Yes, Europe can fill the gap left by the US - and in some respects is trying to do just that.

Persons: Donald Trump, Alexander De Croo, Volodymyr Zelensky, Serhii, it’s, –, Vladimir Putin, Jens Stoltenberg Organizations: CNN, European Union, Ukraine, Belgian, Radio Free, Radio Liberty, Reuters, NATO, Diplomats, EU, Ukraine’s, Washington DC Locations: United States, Ukraine, European, Europe, Russia, Kyiv, Kiel, Radio Free Europe, EU, Moscow, Brussels, Russian, Zaporizhzhia, Czech Republic, Hungary, Czech, Eastern, Western Europe, Athens, Rome

☆ Little Expected of New Palestinian Prime Minister
▼ + stars: | 2024-03-15 | by ( Steven Erlanger | Adam Rasgon | ) www.nytimes.com time to read: +1 min

The appointment on Thursday of Muhammad Mustafa as the new prime minister of the Palestinian Authority was supposed to be a nod to international demands for a more technocratic and less corrupt administration. But Mr. Mustafa, 69, who was appointed by Mahmoud Abbas, the president of the authority, seems destined to fall short of producing the “revitalized Palestinian Authority” that President Biden has called for, several analysts said in interviews Thursday. A senior adviser to the president, Mr. Mustafa represents neither a break with the past nor a threat to the power wielded by Mr. Abbas, who at 88 is widely unpopular among Palestinians, particularly since the outbreak of the war in Gaza. “There won’t be any actual change,” said Nasser al-Qudwa, a former foreign minister of the Palestinian Authority who fell out with Mr. Abbas. Particularly critical, they say, will be the choices for ministers of the interior, finance and foreign affairs, all of whom are close to the authority’s president.

Persons: Muhammad Mustafa, Mustafa, Mahmoud Abbas, Biden, Mr, Abbas, ”, Nasser Organizations: Palestinian Authority, World Bank, Palestine Investment Fund Locations: Palestinian, Gaza, Palestine

☆ The government is spending so much money that it hurts production: Former World Bank President
▼ + stars: | 2024-03-15 | 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 EmailThe government is spending so much money that it hurts production: Former World Bank PresidentDavid Malpass, former World Bank president, joins 'Squawk Box' to discuss the state of the economy, the cost of excessive government spending, what to do about the national debt, inflation outlook, and more.

Persons: David Malpass Organizations: World Bank

☆ Investigation Finds World Bank Failed to Police Abuse at Kenyan Schools
▼ + stars: | 2024-03-14 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

The World Bank’s internal watchdog on Thursday criticized the organization’s handling and oversight of its investment in a chain of Kenyan schools that were subject to an internal investigation after allegations that students were abused. The investigation, which started in 2020, has consumed World Bank officials and shareholders in recent months and led to scrutiny of its investment arm, the International Finance Corporation, which invested in the educational project a decade ago. While the scandal predates the tenure of Ajay Banga, the World Bank’s new president, it has emerged as one of the first tests of his management. Mr. Banga will be responsible for directing any changes related to how the bank invests in private-sector projects. was interfering in the investigation, and U.S. lawmakers have told him that the bank’s future funding could hinge on his handling of the matter.

Persons: Ajay Banga, Banga Organizations: Bank, International Finance Corporation

☆ Ghana: In deciding on anti-gay law, president is caught between a rock and a hard place
▼ + stars: | 2024-03-14 | by ( David Mckenzie | ) edition.cnn.com time to read: +5 min

CNN —Sam George, the driving force behind Ghana’s harsh anti-LGBTQ legislation, portrays himself as a guardian of gay Ghanaians. Making inequality legalWhatever its origins, the bill’s passage is terrible news for LGBTQ Ghanaians. “The sentiment and emotion we are expressing right now is sadness,” said Alex Kofi Donkor, the founder of LGBT+ Rights in Ghana, an advocacy group. On one side, you have politicians like George and a broadly conservative citizenry that will publicly goad the president to act. For Ghana’s president, navigating this intricate political landscape looks set to be a daunting – and unenviable – task.

Persons: Sam George, “, ”, It’s, ” George, George, Alex Kofi Donkor, Nana Akufo, it’s, Ghana’s Organizations: CNN, Rights, Ghana’s Ministry, Finance, Bank Financing, Monetary Fund, Bank, US State Department, Ministry of Finance Locations: Accra, Ghana, United States, Uganda, Ghanaian, “ Ghana, State

☆ Sex Abuse Inquiry Poses Leadership Test for World Bank’s Ajay Banga
▼ + stars: | 2024-03-13 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

At the World Bank’s annual meetings last year in Morocco, the organization’s new president, Ajay Banga, outlined a sweeping vision for how he wanted to rid the world of poverty while keeping the planet habitable. The challenge is related to an investment that the World Bank made a decade ago in a chain of schools in Kenya. The educational project was partially funded through the International Finance Corporation, the bank’s investment arm. It became a source of controversy when allegations emerged in 2020 about widespread sexual abuse at the schools, prompting an investigation by the bank’s internal watchdog. has been reviewing a revised “action plan” that could take effect as soon as this week.

Persons: Ajay Banga, Banga Organizations: World Bank, International Finance Corporation Locations: Morocco, Kenya

☆ The extravagant Ambani pre-wedding party was an affront to the millions of Indians in poverty, critics say
▼ + stars: | 2024-03-08 | by ( Joshua Zitser | Spriha Srivastava | ) www.businessinsider.com time to read: +5 min

But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.

Persons: —, Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat

☆ Eras Tour: Singapore defends Taylor Swift’s exclusive Southeast Asia stop after neighbors cry foul
▼ + stars: | 2024-03-05 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +5 min

CNN —Singapore is drawing fans from all over Southeast Asia and beyond to Taylor Swift’s Eras Tour, much to the annoyance of the city-state’s regional neighbors. “[Our] agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in Southeast Asia,” Lee said at a press conference in Melbourne while on a state visit to Australia. I don’t see that as being unfriendly.”“If we had not made such an arrangement, would she have come to more places in Southeast Asia? Southeast Asia fans dig deep to see SwiftThe Eras Tour is a multi-continent extravaganza that surged to become the highest-grossing tour of all time – and Swift is making Singapore a lot of money. I never really spent big like six-digit (Philippine peso) amounts for someone else, just Taylor Swift,” Suizo said.

Persons: Taylor, Swift, Joey Salceda, Lee Hsien Loong, “, ” Lee, Edward Tong, ”, Srettha Thavisin, Taylor Swift, hasn’t, Edmund Ong, Yun Liu, Errol De Asis, Gilliane, Christel Kaye Kuan, Yedda Mendoza, ” Suizo, it’s, Granada, That’s Organizations: CNN, Southeast, Singapore –, ”, Singapore, Coldplay, World Bank Locations: Singapore, Southeast Asia, Melbourne, Australia, Bangkok, Thailand, Philippines, Asia, Maybank, ASEAN, Gilliane Granada, China, Granada

Port-au-Prince, Haiti CNN —From above, Haiti’s capital city Port-au-Prince still looks serene, its white-washed homes climbing steep green hills that encircle a glittering bay. Police officers run holding their guns while confronting a gang in Port-au-Prince, Haiti March 1, 2024. Haiti’s gangs were once seen as thuggish instruments for powerful politicians and business elites. Haitian Prime Minister Ariel Henry at the United States International University Africa, in Nairobi on March 1, 2024. Anger toward the government for Haiti’s gangs problem is misplaced, he also said, emphasizing that the government has limited options.

Persons: Toussaint, Prince, Ariel Henry, Haiti’s, “, ”, Jimmy “, Robin Hood, Ralph Tedy Erol, Henry, “ Ariel Henry, Haiti Ulrika Richardson, Kraze Barye, John Bosco, Jeremie, CNN’s, Ariel kraze peyi, Ariel, Jovenel Moise, Guy Philippe, Odric Octina, Johnson Sabin, Shutterstock, Simon Maina, Henry’s, Jean Junior Joseph, –, Leinz Vales, Sean Walker Organizations: Haiti CNN, CNN, Police, United Nations, FBI, Global, Transnational, UN, National Police, Haitian, Canadian Embassy, Catholic, St, Bank, ”, Haitian Environment, Penitentiary, Reuters, Haiti, Caricom, United States International University Africa, Getty, Kenyan, United Nations Security Council, United Locations: Prince, Haiti, Port, Toussaint L’Ouverture, Kenya, New York, Delmas, Cité, Kizito, Jeremie, farmworkers, United States, Canada, It’s, Haitian, West, Nairobi, AFP

We used to go out on the weekends,” the displaced health worker told CNN. Palestinian siblings Ella Mohammed Hamouda (left) and Sila Mohammed Hamouda (right) ride a camel on a beach in northern Gaza, on October 6, 2023. Nearly five months into Israel’s offensive, Palestinian children in Gaza are living with violence, homelessness, starvation, and disruption to education. Several parents and carers told CNN they struggle to explain the war to children, who they say are psychologically terrorized by relentless bombardment. “I miss my room and my toys,” Ella told CNN in a voice message.

Persons: Mohammed Hamouda, Dina, “, Hamouda, Kareem, Ella, ”, Ella Mohammed Hamouda, Sila Mohammed Hamouda, ” Ella, ” Ella Hamouda, Amira, Mohamed, hasn’t, Waseem El, Helal, ” Ella Mohammed Hamouda, Yehia, Mohammed Abed, Hazem Saeed Al, couldn’t, Naizi, ” Hazem Saeed Al, Ayas, Al, –, Naizi Hamouda, Saeed Muhammad Al, – Siwar, Muhammad, ” Mohammed Hamouda, Aya, Saeed Al, Kahlot, “ bedwetting, ” Saeed Muhammad Al, ” Hamouda Organizations: CNN, World Bank, Ministry of Health, Humanitarian Affairs, UNICEF, Getty Images Health, Israel Defense Forces, Gaza UNICEF, UNRWA, UN, Global, WFP Locations: Gaza, Beit Lahia, Rafah, Sila, Israel, Yehia, Deir al, AFP, Gaza City, Palestine, Ayas, Saba, —, Al

☆ China PMI: Factories send mixed signals about the economy, pressing Beijing to do more
▼ + stars: | 2024-03-01 | by ( Laura He | ) edition.cnn.com time to read: +4 min

But the Caixin manufacturing PMI — which focuses on smaller, private companies — rose to 50.9 in February, up from 50.8 in January, according to S&P Global, which compiled the survey. The divergence in the output and new order sub-indexes is likely related to differences in geographic and sector coverage, as the Caixin PMI covers more southern regions, they said. “Overall, the manufacturing sector continued to improve in February,” said Wang Zhe, senior economist at Caixin Insight Group, in a statement that accompanied the Caixin PMI data. “Looking ahead, the focus should be on the effectiveness of the measures [announced previously by Beijing to boost growth],” Wang said. “Fiscal policy will lead the way,” HSBC analysts said Friday.

Persons: ” Goldman Sachs, ”, Wang Zhe, ” Wang, Xi Jinping, Lintao Zhang, “ Organizations: Hong Kong CNN, National Bureau of Statistics, P, National People’s Congress, PMI, Caixin Insight, “, of People, Communist Party’s Politburo, NPC, Xinhua, HSBC Locations: China, Hong Kong, Beijing, Southern China, Guangdong, Zheijang, ” China

☆ How much wealth you need to be in the top 1% in countries around the world
▼ + stars: | 2024-02-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Americans need a minimum net worth of $5.8 million to be in the top 1% of US wealth. The number of ultra-high net worth individuals globally is expected to surge by 28% by 2028. AdvertisementAmericans need at least $5.8 million in net worth to be in the top 1% of wealth in their country — less than half of the 1% cutoff for Monaco. Wealth as measured by Knight Frank includes investments, cash, and assets such as residences. In 2022, the median net worth for the top 10th percentile was $2.56 million, whereas net worth was just $14,000 for those in the bottom 20th percentile.

Persons: —, Knight Frank, Liam Bailey, Frank, Bailey Organizations: Service, Monaco, US, Federal Reserve's Survey, Consumer Finances, Bank Locations: Monaco, Luxembourg, Switzerland, North America, India, China

☆ Trump’s View of America and the World Is Nothing New - The New York Times
▼ + stars: | 2024-02-29 | by ( David Brooks | ) www.nytimes.com time to read: +2 min

He seems to have been a very good father, but his political worldview was predicated on a deep pessimism. The Republican Party in the 1920s, ’30s and early ’40s was steeped in pessimism, and that pessimism showed up as it often does: as nativism, isolationism and protectionism. As World War II loomed, Senator Gerald Nye urged the passage of several neutrality acts to keep us from exporting arms to warring nations and opposed Lend-Lease to Britain. That version of the Republican Party ended in 1952, when Dwight Eisenhower defeated Taft for the Republican presidential nomination. Howard Buffett was so dismayed by the outcome that he refused to endorse Ike, his party leader.

Persons: I’ve, Warren Buffett’s, Howard Buffett, Franklin Roosevelt, George Marshall, Buffett, Johnson, Gerald Nye, Robert Taft, Dwight Eisenhower, Taft, Ike Organizations: Democrats, Republican Party, Reed, Lease, United States, Marshall Plan, NATO, World Bank, Republican, John Birch Society Locations: Nebraska, United States, Britain, America

☆ Leaders should consider using frozen Russian assets to bolster Ukraine’s military, EU's von der Leyen says
▼ + stars: | 2024-02-28 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

The European officials and Canada's Prime Minister are visiting the capital Kyiv on the second anniversary of the start of the Russian full-scale invasion in Ukraine. (Photo by STR/NurPhoto via Getty Images)European leaders should discuss using the profits from frozen Russian assets to boost Ukraine's military in its defence efforts against Moscow, European Commission President Ursula von der Leyen said Wednesday. "It is time to start a conversation about using the windfall profits of frozen Russian assets to jointly purchase military equipment for Ukraine," she said in a speech before the European Parliament. "There could be no stronger symbol and no greater use for that money than to make Ukraine and all of Europe a safer place to live," von der Leyen noted. Crucially, frozen assets are, by definition, temporarily retained rather than fully seized with the ability for reallocation.

Persons: Ursula von der, Belgium Alexander De Croo, Giorgia Meloni, Canada Justin Trudeau, Ukraine Volodymyr Zelensky, Ursula von der Leyen, von der Leyen, Von der, Janet Yellen, Russia's Organizations: Canada's, Getty Images, European Union, Treasury, . Security, Bank Locations: Belgium, Italian, Canada, Ukraine, Kyiv, Russian, Moscow, Europe, Kuwait

Search resuls for: "World Bank"

25 mentions found