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The Latest Breaking News from International Monetary Fund

Africa In Debt Spiral As Restructuring Efforts Drag On

While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa, where several countries are already in default, is experiencing its worst-ever crisis.

International Business Times

Go In To The Office Or AI Will Replace You, Says PwC's UK Boss

Kevin Ellis said as AI is poised to take on routine tasks traditionally given to younger workers, junior staff should seek promotions by regularly working in the office.

International Business Times UK

In Davos, AI Excitement Persists But Fears Over Managing Risks

Walking around in Davos where the global elites gathered for the World Economic Forum this week, there were two inescapable words on the windows: artificial intelligence.

International Business Times

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Economy strong but slowdown on horizon, IMF warns

In its latest assessment of the Australian economy, the International Monetary Fund says growth is set to slow, despite more resilience than other nations.

AAP

United Nations Chief Urges Swift Action to Safeguard Against Unchecked AI Growth

Speaking at the World Economic Forum (WEF) meeting in Davos, Guterres drew parallels between the risks associated with AI and those posed by the climate crisis.

International Business Times UK

Javier Milei Tells World Leaders: 'The State Is Not the Solution'

Speaking at the Davos conference, the Argentine president said the key to prosperity lies in free market ideals and capitalism.

Reason

IMF Grants Kenya New $941 Million Loan

The International Monetary Fund said it has granted Kenya a new loan of more than $941 million to help buttress the finances of the cash-strapped East African nation.

International Business Times

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The Development Of Artificial Intelligence Is Threatening 40% Of Jobs Worldwide

As world leaders discuss new AI regulation laws, an investigation found that the technology is set to affect almost half of the industries on a global scale.

International Business Times UK

AI is a threat to 40% of jobs around the world, warns IMF - Tech & Science Daily podcast

Plus! Bolt’s 0-60mph in 3 secs...in e-car

Evening Standard

Top news of the day: Wholesale inflation rises to 0.73% in December; human vaccine trials for deadly Nipah virus launched, and more

Top news updates from The Hindu on January 15, 2024

The Hindu

AI will affect 40% of jobs and probably worsen inequality, says IMF head

‘Crucial’ that countries build social safety nets to mitigate impact on workers, says Kristalina Georgieva

The Guardian - UK

AI will impact 40% of jobs globally, says IMF chief

Artificial intelligence presents both risks and opportunities for job security and global growth, according to the IMF chief.

The Hindu

Artificial intelligence will affect 40% of jobs globally, warns IMF

The International Monetary Fund said nations need to be prepared to harness AI but also lessen its impact on inequality.

Evening Standard

IMF Chief Says AI Holds Risks, 'Tremendous Opportunity' For Global Economy

AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland.

International Business Times

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Top News

Global Debt Surge Offers Hope for Developing Countries: Analysis

Discover how the global rush for debt is providing new opportunities for strained developing countries, offering hope for economic growth and recovery.

Top News

IMF Approves 0 Million Loan for Pakistan Bailout

The International Monetary Fund (IMF) has approved a loan of 0 million as part of a bailout package for Pakistan, providing crucial financial support fo...

StockNews.com

3 China Stocks to Buy Climbing the Charts

Several officials and experts indicate a positive outlook for the Chinese economy in 2024, playing a crucial role in driving global economic growth. Amid an optimistic economic backdrop, it could be wise to invest in top China stocks Ping An Insurance (Group) (PNGAY), Sunlands Technology (STG), FinVolution (FINV) for substantial…

Top News

IMF Board Approves IMF Board Approves Top News.2 Billion Loan Program for Jordan.2 Billion Loan Program for Jordan

The International Monetary Fund (IMF) has agreed to extend a IMF Board Approves Top News.2 Billion Loan Program for Jordan.2 billion loan program over four years to Jordan, providing financial support for the count...

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Fortune

2024 will be Asia’s time to shine–but a series of pivotal elections could change everything

Taiwan, Indonesia, India: Here are the key Asian elections to watch in 2024.

Top News

IMF's Georgieva and Yellen to Hold Talks with Egypt

Get the scoop on the upcoming meeting between IMF Chief Georgieva and US Treasury Secretary Yellen with Egyptian authorities. It's a rendezvous of economic...

StockNews.com

3 China Stocks With 2024 Gain Potential

Given China's crucial role in driving global economic growth in 2024 and optimistic projections from the IMF and various institutions, fundamentally sound Chinese stocks Autohome (ATHM), Tuniu (TOUR), and Vipshop Holdings (VIPS) might be ideal buys for gains this year. Keep reading.

The Guardian - UK

The world economy is in crisis again. If we look back 80 years, we might be able to fix it

The historic Bretton Woods summit shaped a golden era of growth. This year’s G20 could be our equivalent, says academic and economist Michael Jacobs

The Hindu

The dispute on India’s debt burden

To avoid worst-case scenarios, the need for fiscal correction is all the more vital this election year

Latin Times

Argentina Close To Reaching Agreement With IMF Over Review Of $44B Loan Program

The $44 billion loan program agreement is aimed at providing financial assistance to Argentina to stabilize the country's economy and address its economic challenges such as inflation, fiscal deficits, and debt repayment.

The Hindu

Debt debate: On the IMF’s latest India consultation details, Finance Ministry’s response

Despite the Finance Ministry’s views, in the broader picture, IMF staff’s perceptions of India’s fiscal position have actually improved over the past year

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