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Two people were killed and at least 16 others were injured in the strike on Kyiv’s Okhmatdyt hospital. Rescuers work at Ohmatdyt Children's Hospital that was damaged during a Russian missile strikes, in Kyiv, Ukraine July 8, 2024. Reducing the trade imbalance would be a “matter of priority” in Modi’s discussions with Putin, he said, ahead of the trip. Russian Presidential Aide Yury Ushakov said the Kremlin attaches “primary importance” to Modi’s visit, Russian state-run news agency TASS reported. Biden called Russian missile strikes in Kyiv – including on the children’s hospital – a “horrific reminder of Russia’s brutality,” in a statement Monday evening.
Persons: Volodymyr Zelensky, , Narendra Modi, Vladimir Putin, Putin, ” Zelensky, Gleb Garanich, Iryna Filimonova, Volker Turk, Modi, ” Putin, , Modi’s, Matthew Miller, Randhir, Yury Ushakov, Joe Biden, Biden, ” Biden Organizations: CNN, Indian, Ohmatdyt, United, Kremlin, US State Department, UN, United Nations, NATO, Russian Locations: Moscow, Russian, Kyiv, Novo, Ogaryovo, Russia, Ukraine, Dnipro, Kryvyi, United Nations, Ukrainian, India, Delhi, China, Western, United States, Washington
Making a Pokémon fan’s day means more than catching ‘em allPokémon isn’t Coop’s day job, but it’s become an increasingly meaningful part of his life. Coop was, like many children of the ‘90s, a Poké-fan in his youth, collecting cards and facing bosses in the early Pokémon video games. But he takes a shine to one of Coop’s cards with an iridescent Alakazam, a mustachioed psychic Pokémon, and a high score of 9. It’s a card Coop intended to sell, but without thinking twice, Coop opens his display case and gifts the kid the card for free. Coop still sells cards on eBay and at card conventions –– he’s built a massive collection since 2018, and he’s submitted numerous cards for grading.
Persons: Ross “ Coop ” Cooper, , , Coop, gifting, he’ll, they’re, it’s, Pokémon, – –, “ It’ll, ” Coop, he’s, shyly, Coop can’t, “ It’s, “ Yu, He’s, Coop couldn’t Organizations: CNN, Pokémon Company, YouTube, eBay Locations: Virginia
During his two-day visit, Modi is expected to attend a private dinner hosted by Vladimir Putin and hold talks with the Russian president, according to India’s foreign ministry spokesperson Randhir Jaiswal. Reducing the trade imbalance would be a “matter of priority” in Modi’s discussions with Putin, he added. Modi’s visit to Russia is also widely seen as the latest dent in efforts by Western leaders to cast Putin aside. Later that year, Putin did not attend the Group of 20 leaders’ summit in New Delhi, during which leaders delivered a consensus statement criticizing his invasion of Ukraine. Following his Russia trip, Modi will visit Austria in the Indian leader’s first visit to the European nation, according to his office.
Persons: CNN —, Narendra Modi, Modi, Vladimir Putin, Randhir Jaiswal, ” Jaiswal, Putin, , Jaiswal, ” Modi, , Nandan Unnikrishnan, China’s, Joe Biden Organizations: CNN, CNN — India’s, Kremlin, West . Trade, United Nations, Shanghai Cooperation Organization, SCO, Observer Research Locations: Russia, Moscow, Ukraine, China, New Delhi, India, Uzbekistan, Bhutan, Sri Lanka, Maldives, Delhi, Beijing, Kazakhstan, Soviet Union, Western, United States, Washington, Japan, Australia, , Austria
The best-performing exchange-traded funds in the second half will likely be decided by broader shifts in the markets and economy. Even with mounting uncertainty, however, there are some types of ETFs that could emerge as winners. Equities A handful of stocks were big winners in the first half, and some narrowly focused ETFs were able to ride that wave. Single-stock funds tied to Nvidia have also seen heavy interest, including the GraniteShares 2x Long Nvidia ETF (NVDL) . However, Hougan said he didn't think that omission would be a big hurdle for ETF investors.
Persons: Michael Arone, Arone, Jay Jacobs, Jacobs, Todd Sohn, bullish, we're, Sohn, Matt Hougan, Hougan Organizations: Federal Reserve, U.S, SPDR, State Street Global Advisors, Nvidia, Microsoft, NYSE Technology, iShares, Digital Infrastructure, Real, U.S . Tech, Blackstone Senior Loan, Loan Fund, New, Bitwise Asset Management, ETH Locations: U.S
Despite a strong job market, many Gen Zers are still relying on the bank of Mom and Dad to make ends meet. The young adult has their entire life ahead of them. Some parents might be more willing to provide financial support because they want to feel like a good parent. The young adult has their entire life ahead of them," Bailey said. When India Anderson turned 20 and decided to move in with her boyfriend, her mother cut off most financial support.
Persons: David Nuñez, freeloader —, Zers, Nuñez, frazzled, Nuñez's, Gen Zers, Monica Kirkpatrick Johnson, They're, Zillow, haven't, Kirkpatrick Johnson, Jeffrey Jensen Arnett, Jo Clark, Clark, I'm, Teresa Bailey, There's, Ali Lupo, Lupo, , doesn't, Bailey, JP Krahel, Cody, Erika Archie, Cody Archie, Archie, Erika, there's, They've, India Anderson, Anderson, She's, Uber Organizations: Netflix, Pew Research Center, Pew, Washington State University, Clark University, Waddell & Associates, Urban Institute, Loyola University Maryland Locations: Tampa , Florida, America, Surrey, England, New York, Texas, Orlando
Corbyn won 49.2% of the vote, while the Labour candidate came in second with 34.4%. Many of these seats where Labour appears to have lost votes over its position on Gaza have sizable Muslim populations. She said, after Streeting abstained from a vote on a Gaza ceasefire, she decided to enter politics and abdicate from Labour. “As a Palestinian, that place is no longer for me… The Labour party does not represent us,” she told CNN. Meanwhile Jess Phillips, also a prominent Labour figure, won her Birmingham Yardley seat by just 693 votes.
Persons: Keir Starmer, Jonathan Ashworth, Shockat Adam, ” Adam, Jeremy Corbyn, Ashworth, Corbyn, , Kate Hollern –, , Adnan Hussain, Iqbal Mohamed, Heather Iqbal, Birmingham Perry Barr, Ayoub Khan, Khalid Mahmood, Faiza Shaheen –, Iain Duncan Smith, , ” Shaheen, Starmer, Israel’s, Starmer –, Israel “, Wes Streeting, Leanne Mohamad, Mohamad, Streeting, Jess Phillips, Jody McIntyre Organizations: London CNN, Gaza, Labour, Leicester South, Islington, Blackburn, Dewsbury, Batley, Conservative, Hamas, LBC, Scottish National Party, CNN, Birmingham, Workers Party of Britain Locations: Gaza, English Midlands, Birmingham, Chingford, Woodford, London, Israel, Leicester, Ilford, Blackburn, Starmer’s, Ilford North, Palestine, Birmingham Yardley
CNN —Indian Prime Minister Narendra Modi will visit Moscow next week for the first time since Russia invaded Ukraine, a sign of the growing relationship between the two countries even as New Delhi maintains strong ties with the United States. Modi’s visit is widely seen as the latest dent in efforts by Western leaders to cast Putin aside. India’s ties with Russia date back decades to the Cold War and have remained strong despite repeated sanctions on Moscow from Western governments. Confirmation of Modi’s visit comes as Russia draws ever closer to China, potentially making New Delhi uncomfortable due to its longstanding Himalayan border dispute with Beijing that has simmered in recent years. But Modi’s visit is set against the backdrop of India’s growing relations with the US, as both countries share concerns over China’s assertiveness in the Indo-Pacific region.
Persons: Narendra Modi, Modi, Vladimir Putin, ” Modi’s, China –, Modi’s, Putin, Xi Jinping, , Dmitry Peskov, Kim Jong Un, China’s, Joe Biden, Gan Organizations: CNN, Indian, India’s Ministry, External Affairs, Kremlin, Russia, United Nations Security Council, Shanghai Cooperation Organization, SCO, US, North Locations: Moscow, Russia, Ukraine, Delhi, United States, India, China, Western, New Delhi, Beijing, Kazakhstan, Pyongyang, Brazil, South Africa, Washington, Japan, Australia,
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. People are still spending money, but there's an uncomfortable awareness that years of price hikes mean each dollar doesn't go as far as it used to. "This consumer remains very cautious, specifically when you think about larger ticket discretionary purchases," he told Oppenheimer analysts Wednesday. "Why have people who are having a hard time paying their rent have to pay more for our drink?"
Persons: , they're, Joseph Lewis, Marvin Ellison, Oppenheimer, John David Rainey, Federal Reserve Banks, San Francisco Fed, Don Vultaggio Organizations: Service, Business, Bloomberg, Nike, Walgreens, Walmart, Federal Reserve, San Francisco, Philadelphia Fed, Iced Tea Locations: San Francisco, Philadelphia
Delhi Fire Services assistant divisional officer Ravinder Singh said rescuers got to the scene to find two support pillars had collapsed over a car. Photos of the scene released by the fire service showed the large white canopy of the roof had plunged to the ground, crushing several cars. India’s minister of Civil Aviation, Ram Mohan Naidu Kinjarapu, said he was “personally monitoring” the collapse in a statement on X. Parts of the capital territory of Delhi experienced heavy rainfall this week, flooding roads and submerging cars. Earlier this month, at least nine people were killed and dozens of others injured after a cargo train collided with a passenger train in eastern India.
Persons: Ravinder Singh, ” Singh, , , Ram Mohan Naidu Kinjarapu Organizations: New, New Delhi CNN, Indira Gandhi International, Delhi Fire Services, CNN, Civil Aviation Locations: New Delhi, New Delhi’s, Delhi, India, Morbi, Gujarat
The future of ESPN's sports-betting app is now in question amid mounting losses and an activist investor push at partner Penn Entertainment that has prompted sale rumors. The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. "Testers liked ESPN Bet's UX and minty aesthetic but felt the app lacked depth (particularly more extensive features)," EKG wrote in May. "Product is one thing, and I would say having expertise in how to target users effectively to lower your acquisition costs and your retention costs" is key for the ESPN Bet app to compete, Wasiolek said.
Persons: , FanDuel, Dan Wasiolek, Will Wyatt, Penn's, Jay Snowden's, Boyd, Penn, ESPN Bet's, hasn't, it's, Barry Jonas, Scott Van Pelt, Stephen A . Smith, ESPN Bet, Penn doesn't, Jonas, EKG, Snowden, Wasiolek, they'll Organizations: Service, ESPN, Penn Entertainment, Business, ESPN Bet, Morningstar, Donerail Group, Barstool Sports, Penn, Reuters, Boyd Gaming, Truist Securities, Barstool, ESPN Bet's, NFL, Management Locations: Barstool, Penn, Pennsylvania, Eilers
The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. Even Fanatics, the industry's other major recent disrupter, hasn't made much of a dent in DraftKings' and FanDuel's dominance. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. How ESPN Bet can make a comebackPenn could still be successful if it improves its product and spends less money on acquiring new customers, the analysts said. Jonas said if Boyd acquires Penn, it would be a sizable shift in strategy for their management, team, and board.
Persons: , FanDuel, Dan Wasiolek, Will Wyatt, Penn's, Jay Snowden's, Boyd, Penn, ESPN Bet's, hasn't, it's, Barry Jonas, Scott Van Pelt, Stephen A . Smith, ESPN Bet, Penn doesn't, Jonas, EKG, Snowden, Wasiolek, they'll Organizations: Service, ESPN, Penn Entertainment, Business, ESPN Bet, Morningstar, Donerail Group, Barstool Sports, Penn, Reuters, Boyd Gaming, Truist Securities, Barstool, ESPN Bet's, NFL, Management Locations: Barstool, Penn, Pennsylvania, Eilers
Los Angeles residents, long exhausted by homelessness, were optimistic when Mayor Karen Bass started an aggressive effort to move people from encampments into motel rooms in late 2022, soon after she took office. Sidewalks that had been blocked by lines of tents were cleared. But even as Ms. Bass touted the success of Inside Safe, her signature program aimed at moving people off the streets, she warned that the population of homeless Angelenos could still grow before her efforts made a dent. Ms. Bass and her allies on Friday received major validation: For the first time in six years, the number of people who were homeless in Los Angeles decreased from the year before, according to the region’s most recent point-in-time count, which took place in January. In Los Angeles, the nation’s second largest city, where encampments have vexed neighbors for years, the overall number of people experiencing homelessness decreased by 2.2 percent, while the number of unsheltered people in the city — homeless people who are not in emergency shelter and are sleeping on the street, in tents or in cars — decreased by 10.4 percent.
Persons: Karen Bass, Bass Locations: Angeles, Los Angeles
In today's big story, we're looking at how AI could completely upend venture capitalism amid a wider shakeup for the industry . The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from). Some of the adjustments aren't novel to the VC industry. ACME Capital; Getty Images, Chelsea Jia Feng/BIThe VC industry might be doomed with or without AI. AdvertisementScott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that half of today's VC firms will shutter in the next decade .
Persons: , VCs zentilia, Jenny Chang, Rodriguez, Insider's Ben Bergman, Ben, Long, Scott Stanford, Chelsea Jia Feng, BI's Blake Dodge, Hany Nada, Jared Siskin, Bobby Jain's, Jonathan Barton, Jain, Rebecca Zisser, OpenAI, Apple, Elif, Jeff Bezos, Robert Winnett, Will Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, ACME, Getty, ACME Capital, Stanford, BI, Madison, Conservancy, Jain, EV, Ford, European, Regulators, Anadolu Agency, Getty Images, Washington, Harvard, Leagues Locations: today's, Wall, Saudi, Saudi Arabia, Europe, Brazil, Southeast Asia, London, American, Paris, New York, Chicago
How Support for Britain’s Conservative Party is Collapsing2024 polls suggest the Conservatives may lose most of their seats. Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. 3% Other Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. 3% Other Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. How party support has changed since the 2019 election Conservative party Conservative support has dropped across the board, even among older voters who formed their base.
Persons: Mori, Ipsos Mori, Survation YouGov Ipsos Mori, Nigel Farage, Rishi Sunak’s, Liz Truss, David Cameron, pollsters, , Keir Starmer, It’s, Starmer, Boris Johnson, Farage, , Will Jennings, ” Mr, Jennings Organizations: Britain’s Conservative Party, Conservatives, Labour, Conservative, Health, Crime Defense, Housing Education Education Brexit Defense, Welfare, National Health Service, Liberal Democrats, Greens, Conservative Party, Bristol Central, Green, Labour Conservatives S.N.P, Dems, Greens Plaid Cymru Reform, Northern Ireland, Northern, Brexit, University of Southampton, Locations: British, Britain, YouGov, Russia, Europe, Britain’s, Israel, Gaza, England, Northern Ireland, Midlands, England's, London
Saudi Arabia has not renewed a deal that ensures the use of US dollars in the oil trade. The end of this "petrodollar" agreement will dent dollar dominance, the Atlantic Council wrote. This month, Saudi Arabia did not renew a 1974 accord that mandates the exclusive use of greenbacks when selling its crude oil. What's more, US dependence on Saudi oil has slid considerably, given a historic explosion in US domestic production. "China has become Saudi Arabia's largest oil customer, accounting for more than 20% of the kingdom's oil exports.
Persons: , nonresident, Hung Tran, Tran, What's Organizations: Atlantic Council, Service, Saudi Locations: Saudi Arabia, Europe, American, China, Saudi, Beijing, Riyadh
US housing construction is the strongest it's been since 2007, with 1.45 million homes added in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS housing construction just notched its best year since the great financial crisis, but it hasn't been enough to ease America's home shortage, Zillow reported on Tuesday. According to the real estate firm, 1.4 million homes were added two years ago, reaching a high not seen since 2007. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Austin, Service, Business Locations: California, Seattle
CNN —The USA lost to South Africa in their opening game of the second round of the men’s T20 Cricket World Cup on Wednesday as its historic run at the tournament continued. Having elected to bowl first, the USA were pegged back by some aggressive batting from South Africa, with the Proteas finishing their 20 overs on 194 runs. New stepsThe USA have been one of the talking points of the T20 World Cup so far, thanks to its shock victory over Pakistan and close defeat by India. Steven Taylor bats against South Africa. And they were never able to recover with South Africa eventually able to round out an 18-run victory.
Persons: St, Quinton de Kock, de, Kock, Harmeet Singh, David Miller, Aiden Markram, Saurabh Netravalkar, Heinrich Klaasen, Tristan Stubbs, Steven Taylor, Taylor, Rabada, Nitish Kumar, Stubbs, Jan Kruger, Aaron Jones, Keshav Maharaj, Corey Anderson, Anrich Nortje, Andries Gous Organizations: CNN, USA, West, Africa’s, South Africa, South, ICC, New Zealand Locations: South Africa, USA, West Indies, England, Antigua, Barbados, St, Lucia, Vincent ., Pakistan, India, de Kock, South Africa’s
These three peaks — Mt. Everest, Mt. Professional mountaineer Garrett Madison has achieved the Everest triple crown not once, but twice — first in 2023, the deadliest Everest climbing season on record, and again this year. Plus, the climbers have to carry extra protective equipment like gloves and packages for transporting the trash down the mountain. Madison's cleanup project partners with both of these organizations in a united front against trash pollution on the world's tallest peaks.
Persons: , Garrett Madison, he's, we've, Madison, PRAKASH MATHEMA, Everest haven't, Troy Aupperle, summitted, Aupperle, PIERRE BESSARD, it's, Alton Byers, Byers, It's Organizations: Service, Business, Madison, DOMA, Everest, Pollution Control Locations: Everest, Mt, Lhotse, Nuptse, microplastics
Read previewNATO Secretary General Jens Stoltenberg this week warned China it faces a stark choice if it continues backing Russia's Ukraine invasion. "But the reality is that China's fueling the largest armed conflict in Europe since World War II. In response, China has said it is not a party to the Ukraine war and that there should be no interference with trade between China and Russia. AdvertisementChina-Europe tensions increaseIt's not just China's support for Russia that appears to be focusing European minds on the potential threat it poses. Both have taken a critical stance towards Ukraine and appear keen to do more business with China, in defiance of EU policy.
Persons: , Jens Stoltenberg, Xi, Stoltenberg, Emanuel Macron Organizations: Service, Publicly, Business, West, European Commission, US, European Union, Financial Locations: China, Ukraine, Europe, Beijing, Russia, Germany, Hungary, Serbia
A US-based lawyer who has represented accused Chinese money launderers said the tempo of law enforcement operations against the alleged launderers has increased in recent weeks as federal agents close in on “bigger fish” among Chinese money launderers in the US. None of the federal law enforcement agencies involved in tracking Chinese money launderers agreed to be interviewed on the record. Grassley and Whitehouse have each introduced legislation they say is key to closing loopholes in US law that are actively exploited by the cartels’ money launderers. Elaborate networksRecent court documents illuminate how far-flung and elaborate US-based networks of alleged Chinese money launderers are. Mirror TransactionsExperts say the Chinese money launderers have mastered the art of so-called mirror transactions, which involve a series of deposits at multiple bank accounts to conceal the drug money.
Persons: , Anne Milgram, surveil, , Don Im, Biden, HSI, Ricardo Mayoral, William Kimbell, ” Kimbell, launderers, , Sen, Sheldon Whitehouse, ” Whitehouse, Treasury Department —, Whitehouse, Christopher Wray, Joe Biden, Xi Jinping, Republican Sen, Charles Grassley, Enhua Fang, Li Pei Tan, Tan, Joe Habachy, Matthew Rothbeind, Fang, Chaojie Chen, Chen, Greg Hunter, ” David Luckey, JPMorgan Chase Organizations: CNN, Drug, Administration, Sinaloa Cartel, US Court, Central, Central District of, DEA, IRS, , Centers for Disease Control, Federal, Homeland Security, Treasury, Treasury Department, Treasury’s, Network, Homeland Security Investigations, DHS, Financial Crimes, Rhode Island Democrat, intel, Department of Homeland Security, FBI, Senate, ” CNN, White, Office of National Drug Control, Service, Biden, Republican, Grassley, Rand Corporation, of, JPMorgan Chase, Bank of America, JPMorgan, Organization Locations: California, Mexican, China, Mexico, Los Angeles, Sinaloa, Central District, Central District of California, Colombia, America, Oregon, Virginia, South Carolina, Washington, DC, North, Central America, , Iowa, North Carolina, Belize, Chinese, Georgia, Chicago, Tulsa, East Coast, Detroit , Chicago, Ohio, Western, of North Carolina, Wells Fargo
Trump's idea to replace the US income tax with tariffs notched criticism from two treasury secretaries. "This is a prescription for the mother of all stagflations," former secretary Larry Summers told Bloomberg TV. Secretary Janet Yellen noted that it would make life unaffordable for Americans. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The idea, floated by Donald Trump to Republicans last week, would be to slash income taxes by raising tariffs on imports.
Persons: Larry Summers, Janet Yellen, , Donald Trump Organizations: Bloomberg TV, Service, Trump, Treasury, Republicans, Business
Here's what five forecasters have to say about the latest rally — and why they think the stock market is headed for a fall. In 2009, he wrote a book predicting a stock market crash and ensuing economic depression, which he said could last for 10 years or more. The research firm is predicting the S&P 500 could see a steep correction following a rally to 6,500. Yet, that could end up being an excellent opportunity for investors who are diversified in other areas of the market, Bernstein said. AdvertisementTypically, there are eight warning signs of a market bubble forming, and six of them have already flashed, the bank said.
Persons: Stocks, , haven't, Harry Dent Stocks, Harry Dent, Dent, John Higgins, Higgins, John Hussman, Hussman, Richard Bernstein, Bernstein Organizations: Service, Nasdaq, Apple, Nvidia, Fox Business Network, Stocks, Capital Economics, John Hussman Elite, UBS
Gas prices today are not cheap – but they are miles away from that point. Of course, gas prices were cheaper during the Covid-19 pandemic because demand was severely low. In part because they are so visible, gas prices play a key psychological role in how people feel about the economy. “But there is more work to be done — the President remains committed to lowering prices at the pump for Americans and maintaining a stable and secure energy supply.”Real gas prices are cheaper than in 2018Many people may wish for the $2 gas prices of last decade. “Inventories are likely headed back to normal levels, which will keep gasoline prices lower throughout the summer driving season.
Persons: New York CNN —, , Patrick De Haan, it’s, “ We’ve, De Haan, Joe Biden’s, Mark Zandi, Angelo Fernández Hernández, That’s, , Rob Thummel, ” Thummel Organizations: New, New York CNN, AAA, Labor Statistics, Federal Reserve, White, Moody’s Analytics, , CNN, Covid, US Energy Information Administration, White House Locations: New York, California, Utah, Washington, Idaho, Arizona, Wisconsin, Nevada, United States, OPEC, Ukraine, Israel, Gaza
3 risks to global economic growth
  + stars: | 2024-06-13 | by ( Krystal Hur | ) edition.cnn.com   time to read: +7 min
The World Bank on Tuesday raised its 2024 outlook for global economic growth to hold steady at 2.6%, an increase from its previous projection of 2.4% growth. “Four years after the upheavals caused by the pandemic, conflicts, inflation, and monetary tightening, it appears that global economic growth is steadying,” Indermit Gill, the World Bank’s chief economist, said in a release accompanying the report. Prospects for the world’s poorest economies are even more worrisome.”Here are three risks the World Bank sees. The World Bank said that spillover risk from the Russia-Ukraine war and Israel-Hamas war could curb global growth by pushing up oil prices and shipping costs. Trade tensions are already brewing between some of the world’s biggest global economic engines.
Persons: ” Indermit Gill, Jerome Powell, , Ayhan Kose, Danielle Wiener, Bronner, Joe Erlinger, aren’t, TikTok, John S, James L, Donald Trump, Joe Biden’s, Biden Organizations: CNN Business, Bell, New York CNN, Bank, World Bank, European Central Bank and Bank of Canada, US Federal Reserve, European Commission, EU, Bureau of Labor Statistics, McDonald’s, Pew Research Center, Knight Foundation, TikTok Locations: New York, Russia, Ukraine, Israel, India, Mexico, United States, France, United Kingdom, China, Beijing
Read previewArtificial intelligence is expected to be the topic du jour at Cannes Lions this week, when the ad industry descends on the French Riviera for its annual shindig in the sun. Businesses are exploring how they can use AI to perform tasks like copywriting, research, and automating their ad campaigns. A Cannes Lions spokesperson said the festival is expecting 12,000 delegates, though many more ad execs and vendors forgo the official festivities to hobnob at the fringe events. Cannes Lions has set its own rules around AI. "Those who will win will figure out the right mix of AI plus the right influencers plus the right concepts," MediaLink's Wagman said.
Persons: , there's, Klarna, Wayne Levings, Mark Wagman, Wagman, Jessica Apotheker, Apotheker, Scarlett Johansson, David Droga, Mira Murati, Vidhya Srinivasan, Alexander Chen, Greg James, Publicis, Anthony Yell, Razorfish, Yell, BCG's Apotheker, Queen Latifah, Lando Norris, John Legend, Chrissy Teigen, Deepak Chopra, Jason, Travis Kelce, Lenny Kravitz, Janelle Monáe, MediaLink's Wagman Organizations: Service, Cannes Lions, Lions, Business, Cannes, United Talent Agency, Google, Microsoft, Adobe, Boston Consulting Group, Palais, Accenture, OpenAI, Google Creative, North America, Publicis Groupe, influencers Locations: Americas, MediaLink, Cannes
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