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download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda today:AdvertisementBut first: The effects of the fatal bridge collapse in Baltimore will be felt for months. ET Tuesday, the 984-ft long container ship Dali crashed into the Francis Scott Key Bridge in Baltimore, bringing it down. AdvertisementNow, China is in a similar situaJtion as Japan once was, as it stares down a property market collapse. But Japan's recovery won't be easy to replicate for China, which has resisted stimulus packages and faces a difficult trade market.
Persons: , Tim Cook's, Francis Scott Key, Tasos Katopodis, Dali, It's, Sam Altman, Kent Nishimura VCs, Altman, Sam Altman's, Jenny Chang, Rodriguez, I'm, Hannes P Albert, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg Organizations: Business, Service, Apple, OpenAI's, Getty Images, Microsoft Locations: Baltimore, Port, London, China Japan, China, Japan
A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. U.S. Treasury Secretary Janet Yellen has said China, the world's largest sovereign creditor, has been a roadblock to debt relief. IMF member countries will discuss the crisis lender's shareholding structure at annual meetings in Morocco next week. The U.S. is pushing instead for IMF member countries to agree to contribute more funds to boost lending firepower, but keeping the U.S.-dominated shareholding structure unchanged. Without naming China, he said this would include doing more on debt relief and providing more exchange rate transparency -- longstanding Treasury criticisms of Beijing.
Persons: Johannes P, Nancy Lee, Janet Yellen, Lee, Jay Shambaugh, Shambaugh, Andrea Shalal, David Lawder, Andrea Ricci Organizations: IMF, International Monetary Fund, REUTERS, Rights, International Monetary, U.S, Treasury, Center for Global Development, U.S . Treasury, Thomson Locations: Nusa Dua, Bali, Indonesia, U.S, China, Morocco, India, Brazil, Beijing
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. "Uganda's Anti-Homosexuality Act fundamentally contradicts the World Bank Group's values. World Bank President Ajay Banga, who took office in June after the Ugandan law was enacted, has come under pressure to respond to the Ugandan law. The existing portfolio will continue to disburse funds, even as new lending is put on hold, a World Bank source said. It said the IFC and MIGA would also implement additional measures to "ensure inclusion and non-discrimination as needed."
Persons: Johannes P, Ajay Banga, Banga, Kanishka Singh, Andrea Shalal, Leslie Adler, Jonathan Oatis, Richard Chang Organizations: Bank, International Monetary Fund, REUTERS, United Nations, World Bank, International Development Association, International Finance Corporation, Multilateral Investment Guarantee Agency, Reuters, IFC, Thomson Locations: Nusa Dua, Bali, Indonesia, Uganda, Washington
Experts say the technology will help address a steep and prolonged slowdown in productivity growth in many Western economies, which has kept businesses’ costs higher than they would otherwise be and made inflation harder to tame. “AI has huge potential to increase productivity,” BlackRock CEO Larry Fink said at the company’s Investor Day last month. Productivity gains in Europe could be similar, albeit slightly smaller, Brynjolfsson told CNN. In some cases, productivity gains could be achieved sooner. That’s because most generative AI tools live on the internet — “the technology we already have on our desks” — making them widely accessible, Brynjolfsson said.
Persons: chatbot, , Smart, Hannes P Albert, Bill Gates, Larry Fink, Erik Brynjolfsson, ” David McMillan, ” McMillan, Hollie Adams, Neil Shearing, Martin Neil Baily, Anton Korinek, Brynjolfsson, Goldman Sachs, Organizations: London CNN, Microsoft, BlackRock, CNN, Stanford University, Organisation for Economic Cooperation, Development, OECD, University of Stirling, Bloomberg, Getty, , National Statistics, IBM, Capital, Brookings Institute, University of Virginia’s Darden School of Business, America, Productivity, Google, SAP, Goldman Locations: East, Scotland, London, United Kingdom, United States, Europe, Wimbledon
CNN —Clinical overuse of marijuana is linked to a variety of complications after major elective surgery, including blood clots, stroke, breathing difficulties, kidney issues and even death, a new study found. Compared with people who were not overly dependent or addicted to marijuana, those with cannabis use disorder were more likely to suffer complications from those surgeries. The most significant associations were for blockages of coronary arteries, stroke, injury to the kidneys, blood clots, breathing complications, infection and in-hospital death, the study found. People with cannabis use disorder also stayed in the hospital longer and had higher hospital bills than people without the disorder. “In the context of increasing cannabis use rates, our findings support preoperative screening for cannabis use disorder,” the authors wrote.
Persons: Hannes P, Albert Organizations: CNN, McGovern Medical School, University of Texas Health Science Center, National Institute on Drug Abuse Locations: Houston
Air New Zealand has been ranked the best airline in the world by AirlineRatings.com. Air New Zealand has been ranked the best airline in the world by AirlineRatings.com, a website for airline safety and product reviews. Air New Zealand was ranked first for best economy class; Qatar Airways took the lead for business class; and Singapore Airlines was ranked the best first-class airline. Air New ZealandSafety: 7/7Product: 7/7Air New Zealand, or Air NZ, is headquartered in Auckland, New Zealand. Korean Air has an average score of 7.8/10 based on 60 AirlineRatings.com reviews.
Persons: Geoffrey Thomas, Taylor Rains, Johannes P, Virgin Atlantic Sir Richard Branson, Steve Parsons, Richard Branson, Emirates Yursi Abu Barak Organizations: Morning, Air New, Qatar Airways, Air, Zealand, Singapore Airlines, Delta, US, Ryanair, New Zealand, Air New Zealand Air, Air New Zealand, Air NZ, . Air NZ, Qatar Airways Qatar Airways, Etihad Airways, Etihad Airways Airbus, Etihad, UAE, Korean Air Korean, Airlines, Korean Air, Christo, Anadolu Agency, Getty Images, SIA, Qantas Qantas, Qantas Media Safety, Qantas, Virgin, Virgin Atlantic Boeing, Heathrow Airport, Virgin Atlantic, Delta Airlines, Cathay Pacific Airways Cathay, Boeing, Cathay, Nikkei, Emirates, Dubai . Emirates, UAE . Emirates Locations: Zealand, Air New Zealand, Europe, Air, Auckland , New Zealand, Doha, Qatar, Al Jazeera, Abu Dhabi, UAE, Seoul, South Korea, Bali , Indonesia, Singapore, Asia, Mascot, Australia, Virgin Australia, Crawley , England, Taoyuan City, Taiwan, East Asia, Cathay Pacific Airways Cathay Pacific, Hong Kong, Nikkei Asia, Dubai ., Emirates, Dubai
Marcos del Mazo/LightRocket/Getty ImagesAfter a couple of years of reduced air travel in the wake of the pandemic, travelers returned to the air in 2022 to significant airline chaos – canceled flights, lost luggage and overstretched staff. And interestingly, while Air New Zealand came out on top for 2023, Thomas said the results were close among the top five. Singapore Airlines took the fifth spot on AirlineRatings.com's 2023 list and also won the Best First Class award. Johannes P. Christo/Anadolu Agency/Getty ImagesAbu Dhabi’s Etihad Airways is number 3 on AirlineRatings.com’s 2023 list. Singapore Airlines, named top in the Best First Class award and the Excellence in Long Haul Travel - Southeast Asia award, took fifth place overall.
Persons: AirlineRatings.com, , ” Geoffrey Thomas, ” AirlineRatings.com, Marcos del Mazo, Thomas, Johannes P Organizations: CNN, Air, Zealand, CNN Travel, Zealand’s, Qatar Airways, Air New Zealand, Business, Catering, Long, Singapore Airlines, Christo, Anadolu Agency, Abu Dhabi’s Etihad Airways, Korean, North, ” Air, New, Civil Aviation Authority, Auckland International Airport, Etihad Airways, Qantas, Virgin, Cathay Pacific Airways, Emirates, Lufthansa, SAS, TAP, All Nippon Airways, Delta Air, Air Canada, British Airways, Jet, JAL, Vietnam Airlines, Turkish Airlines, KLM, . Alaska Airlines, United Airlines Locations: Australia, North Asia, Asia, Zealand, Auckland, AirlineRatings.com’s, Virgin Australia, Swiss, TAP Portugal
FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File PhotoPARIS (Reuters) - The International Monetary Fund remains concerned about recent turbulence in the banking sector despite actions by the U.S. and Swiss authorities to deal with troubled banks on their watch, its chief economist Pierre-Olivier Gourinchas said on Monday. Speaking to journalists in Paris, he added that “the story is not over” and that EU banks were not immune to problems as long as the bloc did not go further to complete long-discussed mechanisms to deal with failed banks.
[1/2] A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. ChristoABUJA, April 5 (Reuters) - Nigeria has secured $800 million from the World Bank to scale up its national social program ahead of the removal of its costly but popular subsidies on petrol in June, Finance Minister Zainab Ahmed said on Wednesday. Ahmed said the government was considering cash transfers and mass transit buses for workers to ease the pain of the subsidy removal on the most vulnerable segment of its population. She added that the country has registered ten million households, which is equivalent to 50 million people on its vulnerable list. Ahmed said discussions were going on at different levels of government and with members of the incoming administration of President-elect Bola Tinubu on the subsidy removal.
(Reuters) - Growth in the developing economies of East Asia and the Pacific will accelerate in 2023 thanks to China’s reopening and economic rebound, but high inflation and household debt will weigh on consumption in some countries, the World Bank said on Friday. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. The stronger forecast was due to China’s reopening, which the World Bank expects will help its economy rebound to 5.1% from 3% last year. Countries in developing East Asia and the Pacific include Vietnam, the Philippines, Malaysia, Indonesia, Thailand and Mongolia, plus island nations like Fiji, Vanuatu and Palau. “While still small compared to the advanced economies like the U.S., China has become an increasingly important source of knowledge for innovation in other East Asia and Pacific countries,” said the report.
[1/3] Tourists enjoy the sunset at Canggu beach amidst the coronavirus disease (COVID-19) pandemic in Bali, Indonesia, December 2, 2021. REUTERS/Johannes P. ChristoJAKARTA, March 13 (Reuters) - Authorities in Indonesia's popular holiday island of Bali have asked the central immigration agency to cancel a visa-on-arrival policy for Russian and Ukrainian nationals after tourists were found working illegally. Russian nationals are among the biggest groups of foreign arrivals in Indonesia, according to official tourism data. At least four Russian citizens were deported this month for visa violations and immigration authorities have repeatedly warned foreigners in Bali against working on tourist visas. About 8,800 Ukrainian visitors arrived between September 2022 and January 2023.
[1/2] A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. The bank's executive directors affirmed their commitment to an "open, merit-based and transparent selection process" for the new leader, and said countries could nominate candidates beginning Thursday through March 29. The World Bank board gave a list of criteria and relevant experience for would-be applicants, including "effective communication and diplomatic skills" and also said it "would strongly encourage women candidates to be nominated." The bank has never had a permanent woman president in its 77-year history, although current International Monetary Fund chief Kristalina Georgieva served as acting president for about two months in early 2019. The United States has historically selected the president of the bank, but some developing countries and civil society groups are challenging that tradition.
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/MANILA, Sept 27 (Reuters) - Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China's slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday. "As they prepare for slowing global growth, countries should address domestic policy distortions that are an impediment to longer term development," World Bank East Asia and Pacific Vice President Manuela Ferro in a statement. These have caused capital outflows and currency depreciations, the World Bank said. "Controls and subsidies muddy price signals and hurt productivity," World Bank East Asia and Pacific Economist Aaditya Mattoo, said in a statement.
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