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IMF Chief Warns Of AI's 'Tsunami' Impact On Job Market: 'Can Also Lead To...More Inequality In Our Society'
Wednesday, May 15, 2024 - 4:40am | 701International Monetary Fund Managing Director Kristalina Georgieva has issued a dire warning about the potential ramifications of the AI revolution on the global job market. What Happened: Georgieva, in a speech at the Swiss Institute of International Studies in Zurich, cautioned that the AI...
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Davos 2024 Day 1: Trump's Shadow, Rate Worries, Ukraine Crisis, Israel Debate, Wealth Tax In Spotlight
Monday, January 15, 2024 - 11:22am | 884The annual congregation of the world’s most influential figures at the World Economic Forum (WEF) in Davos has kicked off, bringing together global leaders. From the future of artificial intelligence and climate change to labor market dynamics and geopolitical tensions, this year’s...
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IMF's Call To Arms For The CBDC Revolution At The Singapore FinTech Festival
Wednesday, November 15, 2023 - 2:32pm | 701IMF Managing Director Kristalina Georgieva called for faster adoption of central bank digital currencies (CBDCs) to improve sluggish and costly cross-border payments at the Singapore FinTech Festival on Wednesday. Georgieva’s Keynote Address Highlights: During her address,...
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China's Rise Spurs IMF Chief's Call To Give Beijing More Voting Power: 'Need To … Reflect How World Economy Is Changing'
Tuesday, October 3, 2023 - 1:35am | 720Kristalina Georgieva, the head of the International Monetary Fund, has expressed support for reforms that would potentially grant Beijing more voting power within the organization. What Happened: The IMF head, in an interview with the Financial Times, has emphasized the necessity for the...
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IMF MD Says Agency Working On Concept Of Global Central Bank Digital Currency Platform That Will Link Nations
Monday, June 19, 2023 - 10:31pm | 379International Monetary Fund Managing Director Kristalina Georgieva has reportedly said the fund is working on a platform for central bank digital currencies (CBDCs) to enable transactions between countries. “CBDCs should not be fragmented national propositions… To have more efficient...
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IMF MD Kristalina Georgiev Thinks Fed Isn't Done With Rate Hikes: 'We Are In An Exceptionally Uncertain Environment'
Monday, June 5, 2023 - 3:31am | 453Kristalina Georgieva, Managing Director of the International Monetary Fund reportedly said the organization is yet to see any significant slowdown in lending and that the Federal Reserve may have to do more. "We don't yet see a significant slowdown in lending. There is some, but not on the scale...
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IMF Chief Believes Risks To Financial Stability Have Risen, Calls For Continued Vigilance
Sunday, March 26, 2023 - 9:19pm | 420International Monetary Fund chief Kristalina Georgieva reportedly said risks to financial stability have risen and asserted the need for continued vigilance. The IMF Managing Director pointed out that policymakers in advanced economies responded decisively to financial stability risks amidst bank...
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IMF Chief Says 2023 Will Be Tough For Global Economy As US, EU, China 'Slowing Down Simultaneously'
Monday, January 2, 2023 - 9:42am | 390International Monetary Fund Managing Director Kristalina Georgieva reportedly said on Sunday that 2023 is going to be a tough year for much of the global economy, as the main engines of growth including the U.S., Europe and China, are all experiencing weakening activity. What Happened: “The...
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'Continued Economic Rebound': Stock Market Update For The Week Ahead
Sunday, October 18, 2020 - 2:38pm | 1695The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...
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Fintech Focus For October 16, 2020
Thursday, October 15, 2020 - 6:42pm | 2217Quote Of The Day: Cowboy innovation is worse than no innovation at all. - Alan Konevsky Fintech Movers: The shift toward touchless payments is dramatic, with 8x more earnings calls mentions vs. last year. - CB Insights Metromile eyes insurance transparency. Intel bought digital currency for 5...