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The Latest Breaking News from International Monetary Fund

'Feel ashamed begging for money': Shehbaz Sharif, Asim Munir 'quitely' visited countries to save Pakistan's economy

Pakistan's prime minister Shehbaz Sharif revealed a difficult truth. He and Army Chief Asim Munir sought billions in loans from friendly nations. This was done quietly to bridge the country's external financing gap. Sharif acknowledged the compromises involved in seeking such aid. China was a key supporter. Pakistan has a…

The Times of India

Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time

Trump confirmed Warsh as the Fed chair nominee Friday morning. Here’s what might be in store for the central bank.

Fortune

'You shouldn't worry as much about AI taking your job as you should worry about someone who's very good using AI taking your job': Cisco CEO says effects of AI will cause "carnage" in the jobs market

Cisco CEO says "carnage" will hit future labor markets, IMF MD likens AI to a "tsunami" that will change how we see work.

TechRadar

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AI productivity gains are making the rich richer, and they'll wipe out jobs—but the IMF chief sees a silver lining for low-wage workers

Kristalina Georgieva sees an economic spillover effect brewing.

Fortune

An AI ‘tsunami’ is coming for young workers, IMF chief warns

Kristalina Georgieva is worried about Gen Z and the middle class: “This is moving so fast, and yet we don’t know how to make it safe [and] inclusive.”

Fortune

Young will suffer most when AI ‘tsunami’ hits jobs, says head of IMF

Kristalina Georgieva says research suggests 60% of jobs in advanced economies will be affected, with many entry-level roles wiped out

The Guardian - UK

The ‘rules-based order’ Davos craves has bigger problems than Trump: it represents a world that no longer exists

The global economic system doesn’t even benefit its US and European creators any more, says Guardian columnist Larry Elliott

The Guardian - UK

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The IMF’s banal language is sane-washing an economic crisis created by the egomaniacal Donald Trump

Their latest report makes no mention of Greenland, Venezuela, or even Trump. This is just a pretence that normality continues

The Guardian - AU

Do You Have These Once-Valuable Work Skills That Are Rapidly Losing Pay Power as AI Takes Over?

From data entry to basic copywriting, five skill categories are seeing sharp drops in market demand as AI transforms the global workforce.

International Business Times UK

Virginia Bell formally commences royal commission role – as it happened

This blog is now closed

The Guardian - AU

Trump’s tariff threats keep European stocks on back foot

Beazley was the FTSE’s star blue-chip performer surging 43% after Zurich Insurance said it has tabled a £7.7-bn bid for the London-listed insurer.

Evening Standard

What are Trump’s latest tariff threats and could EU hit back with ‘trade bazooka’?

Europe could use powerful but untested law amid pressure over Greenland – but it could also lose out from a trade war

The Guardian - UK

IMF warns of AI bubble risk to global growth outlook

Australia is projected to endure drawn-out, above-target inflation, global economic body the International Monetary Fund says.

AAP

Trump tariff threats risk triggering ‘spiral of escalation’ in world economy, says IMF

Fund warns rising geopolitical tensions could have ‘material impact’ on global growth and investment

The Guardian - UK

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The Independent UK

Reeves claims UK economy will ‘turn corner’ in 2026 with growth only behind US and Canada in G7

But the UK is expected to lag behind global growth which is projected at 3.3 per cent in 2026 and 3.2 per cent in 2027

The Guardian - UK

Trump tariff threats are bad, but the uncertainty they instil is much worse

The spectre of rising inflation, slowing global trade and jittery markets has re-emerged as US economic policy divorces itself from any logic

The Independent UK

Ukraine-Russia war latest: Drone strikes ‘cut power to 200,000 homes in occupied southern Ukraine’

A Kremlin-installed local official said strikes disrupted power in the Zaporizhzhia region

The Guardian - AU

Ukraine war briefing: Russian attack destroys Kharkiv energy facility as UK pledges emergency support

Response crews at work following strikes in Ukraine’s second city as Britain commits £20m after Zelenskyy declares energy emergency. What we know on day 1,423

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inkl

Key Drivers in Crypto Adoption in Latin America

Recent reports by Chainalysis have shown a sharp rise in crypto transactions within Latin America, a trend that economic experts believe is only getting started.

The Independent UK

India overtakes Japan to become world’s fourth-largest economy, government review says

The ranking will be confirmed in 2026, once the final annual GDP data is released

The Guardian - UK

Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah

Group of 120 experts including Joseph Stiglitz urge fresh debt restructuring plan given scale of destruction

The Independent UK

How private investors are making billions from countries in debt

IN DEPTH: Exclusive: As an escalating climate crisis and a difficult economic outlook put ever greater pressure on developing countries, new analysis shows how wealthy private investors in the Global North are profiting

The Guardian - AU

Marshall Islands launches world’s first universal basic income scheme offering cryptocurrency

Quarterly payments of $200 to be offered via stablecoin or traditional currency in a scheme designed to ease cost of living pressures in the Pacific nation

Euronews

Greece pays EU creditors ahead of schedule to boost market confidence

Greece’s early repayment of its first bailout loans underscores an important turnaround, cutting future interest costs and accelerating debt reduction as the country seeks to strengthen market confidence.

The Independent UK

IMF urges China to address economic imbalances as trade surplus hits $1 trillion

The head of the International Monetary Fund has urged China to fix its economic imbalances, echoing longstanding calls for the world's second-largest economy to rely more on domestic spending and investment instead of exports

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