Wednesday, 21 August, 2019

Risks to global financial system rise

IMF predicts 7.3% growth rate for India in current fiscal year IMF gives Greece optimistic figures on growth and unemployment
Russell Knight | 11 October, 2018, 10:06

With weakening growth and uncertainties over trade, smoothing the economic impact of structural adjustments and de-risking "is a very hard act of judgment that policymakers in China have to struggle with", Vitor Gaspar, director of the IMF's fiscal affairs department, told reporters at a separate briefing on its Fiscal Monitor, a report that tracks the state of countries' public finances.

The IMF predicted United Kingdom growth to would be 1.4% in 2018, rising to 1.5% in 2019, while the eurozone 2018 growth forecast was cut to 2.0% from 2.2%.

The IMF said the global economy would grow 3.7 per cent this year, the same as in 2017 but down from the 3.9 per cent it was forecasting for 2018 in July.

Maurice Obstfeld, the IMF's chief economist, said at a media briefing about the fund's latest World Economic Outlook: "When you have the world's two largest economies at odds, that's a situation where everyone suffers".

The 2018 half year revenue performance report of the Federal Inland Revenue Service (FIRS) shows that tax revenue improved by 42 per cent.

The Briton Woode institution is also projecting growth of 1.9 and 0.8 percent for Nigeria and South Africa while it is predicting contraction of 0.1 percent for Angola.

Google Drops Bid For Massive Military Cloud Computing Contract Amid Employee Pressure
The company then released a set of principles created to evaluate what kind of artificial intelligence projects it would pursue. Google cited its AI principles, which were published back in June, as the reason for dropping out of the bidding process.

Exclusive Google Pixel 3 deal
AR Stickers have become Playground and both Avengers and Childish Gambino will be available and will even interact with you. It means the phone can have more screen real estate, without having to allow for a thicker bezel at the top of a phone.

William and Kate to attend mental health summit
She originally wore the same dress in 2017 on the couple's tour to Germany. Kate and Will welcomed Prince Louis on April 23.

The 0.2 percentage point downgrade to the 2019 growth forecast is attributable to the negative effect of recent tariff actions, assumed to be partially offset by policy stimulus, it said.

Earlier, the Asian Development Bank (ADB) announced that it will provide $7.1 billion in financing to help Pakistan achieve inclusive and sustainable growth over the next three years. "So, I think, definitely, it is a priority to increase revenues, but also to be careful about the ways in which we can make spending more efficient", he stated.

More efficient use of government-owned buildings, for example, can help reduce lease costs, the International Monetary Fund said, while Britain has shifted away from inflation-linked bonds to limit the interest rate risk in the Bank of England's bond portfolio.

"Priority areas in Russian Federation include improving property rights and governance, enhancing the institutional infrastructure, reforming labor markets, and investing in innovation and infrastructure", the report added.

It added, "A high interest burden and risks from rising yields also require continued focus on debt reduction to establish policy credibility and build buffers".

The two-yearly International Monetary Fund report is one of the most comprehensive reviews it has carried out since the 2008 crash and is a health assessment of the financial system. It said, the prediction is lower due to recent increase in oil prices and the tightening of global financial conditions. A second market participant confirmed the central bank was keeping out of the market, effectively letting the currency devalue.

Recommended

  • MSNBC Host Suggests Saudis Are Bribing Trump So They Can Assassinate Critics

    MSNBC Host Suggests Saudis Are Bribing Trump So They Can Assassinate Critics

    Khashoggi was last seen on October 2 entering the Saudi consulate in Istanbul to get documents for his forthcoming marriage. Now you will say that I encourage others to kill. "We can not let this happen, to reporters , to anybody".

    Dow Tumbles 600 Points, But Don’t Worry... Yet

    BHP was down 2.75 per cent at $33.765, a fall only marginally worse than fellow mining giant Rio Tinto's 2.37 per cent to $77.29. Investors see many of these countries as being vulnerable to higher U.S. interest rates, which can pull away investment dollars.
    Focus on children's mental health, WHO urges African leaders

    Focus on children's mental health, WHO urges African leaders

    Against this background, Wheeler said greater efforts must be made to "help young people build mental resilience". Some 4,500 people take their lives every year in England.
  • I know Alaska 'better than he does'

    I know Alaska 'better than he does'

    Tammy Baldwin led the "messaging" effort aimed at stopping Trump's expansion of bare-bones health-insurance plans. Cory Gardner of Colorado insisted it was actually the Democrats who had done themselves no favours with the vote.
    Trump questions United Nations  global warming report

    Trump questions United Nations global warming report

    It is thought that by 2100, global sea rise levels would be 10cm lower that if global warming were to be at 2C. Placing taxes on carbon dioxide emissions.
    Brett Kavanaugh takes his place on bench

    Brett Kavanaugh takes his place on bench

    The White House has yet to comment on the United Nations report . "My focus now is to be the best justice I can be", he said. The latest justice to join the bench, Neil Gorsuch, spoke a year ago during his swearing-in at the White House Rose Garden.
  • Red Sox play 'New York New York' in clubhouse

    Red Sox play 'New York New York' in clubhouse

    The 2016 AL Cy Young Award victor entered with a 0-3 in 12 previous postseason appearances, which included four starts. Hernández was Game 4's home plate umpire while Sabathia was on the mound.
    Nintendo Switch Online Adds New Version of The Legend of Zelda

    Nintendo Switch Online Adds New Version of The Legend of Zelda

    It's more like a "let me play the game with all the cool stuff without having to bomb every wall and bush to find it first" mode. Apparently, Nintendo wants to make the game a bit more relaxed for any Zelda noobs who might be playing.
    Kevin Tway takes maiden PGA win after a play-off at Safeway Open

    Kevin Tway takes maiden PGA win after a play-off at Safeway Open

    Moore closed with a 67, and Snedeker, who opened the day with a three-shot lead, shot a 74. Snedeker said he'd remember the event as one he "gave away".
  • New Zealand passport ranked the 8th 'most powerful' in the world

    New Zealand passport ranked the 8th 'most powerful' in the world

    Singapore had been the top dog, but thanks to a new arrangement with Myanmar, Japan now leads with 190 visa-free countries. Afghanistan's and Iraq's passports were the weakest in the October survey, with accessibility to 30 destinations each.
    Fortnite: Deep Freeze retail bundle brings arctic-themed skins this November

    Fortnite: Deep Freeze retail bundle brings arctic-themed skins this November

    It's worth mentioning, however, that it will also be available digitally, for those who prefer to download it online. Furthermore, the Noble Launcher-the heavy launcher that fires waves of piercing energy-back to Save the World .
    EU's Barnier warns 'decisive progress' on Brexit needed within a week

    EU's Barnier warns 'decisive progress' on Brexit needed within a week

    However, May has not yet shown the new proposal to Foster, whose party the prime minister depends upon for her Commons majority. But veterinary and food security controls will have to take place at the border.

Kyrgios ousted in Shanghai Masters Kyrgios ousted in Shanghai Masters But a sloppy service game down 4-5 cost Kyrgios the set and he unravelled from there amidst a stretch of five lost games. Kyrgios, who again at times appeared largely disinterested, was downed 4-6 6-4 6-3 by American qualifier Bradley Klahn .

Trump calls stock sell-off 'a correction,' says Federal Reserve is 'crazy' Trump calls stock sell-off 'a correction,' says Federal Reserve is 'crazy' Netflix was down more than 8 percent, Amazon was off 6 percent and Apple and Google were both down more than 4.5 percent. A stock market correction is defined as a fall of at least 10 per cent from the high point of the last 52 weeks.

Space telescope Hubble has failed Space telescope Hubble has failed Launched in 1990, Hubble has had trouble with its gyroscopes before. "We'll work through the issues and be back", she wrote. But only three gyros are needed for normal telescope operation with the others held in reserve.

Pipeline explodes near Prince George, B.C.: RCMP Pipeline explodes near Prince George, B.C.: RCMP As a precaution, an adjacent natural gas pipeline owned and operated by Enbrige has also been depressurized, ' the statement said. The Pembina line was shut down at points on both sides of the incident, and the company is draining down the line.

Rafael Nadal helps with clean-up operation following devastating floods in Majorca Rafael Nadal helps with clean-up operation following devastating floods in Majorca Spain's meteorological office warned that rainfall and storms were set to get worse in the archipelago "in the coming hours". Prime Minister Pedro Sanchez visited the rescue coordination centre and offered condolences for the victims.

Robbie Williams' daughter confirmed as Princess Eugenie's bridesmaid Robbie Williams' daughter confirmed as Princess Eugenie's bridesmaid The only non-royal bridesmaid will be Theodora Williams - the six-year-old daughter of Robbie Williams and Ayda Field. Robbie Williams' daughter Teddy has also been confirmed as a bridesmaid! Presented by Geico.

Sears bankruptcy filing report sends retailer's stock sinking Sears bankruptcy filing report sends retailer's stock sinking CNBC earlier reported that the company was arranging a bankruptcy loan, known as debtor-in-possession financing. The company's shares are trading at around 59 cents and are down more than 90 per cent in the last 12 months.

Michael upgraded to hurricane, heads toward Florida Michael upgraded to hurricane, heads toward Florida A Tropical Storm Watch means that tropical storm conditions are possible within the watch area, generally within 48 hours. It has the potential to undergo rapid intensification when it enters the Gulf before turning northeast towards Florida.

Ross Barkley feels more mature after two years in England wilderness Ross Barkley feels more mature after two years in England wilderness Since pre-season I believe I have understood the way Jurgen Klopp plays and the way the team plays. You can see how he's started the season and the World Cup that he had.

Six cases of rare 'polio-like' illness diagnosed in children in Minnesota Six cases of rare 'polio-like' illness diagnosed in children in Minnesota Ehresmann said, "If you have a child that is having these kinds of symptoms, they should be seen, evaluated, immediately". It added that it was consulting a neurologist in each case "to better understand this illness".

Rumours is Fleetwood Mac's finest work, and Microsoft might be buying Obsidian Rumours is Fleetwood Mac's finest work, and Microsoft might be buying Obsidian I will be sure to update you on any confirmation to whether Obsidian is officially going to be acquired by Microsoft. It appears Microsoft is looking to buy out Obsidian Entertainment , if a report from Kotaku is accurate.

Jimmy Butler has heated practice with Timberwolves Jimmy Butler has heated practice with Timberwolves A couple of Butler's teammates were particularly vague when asked about Butler's level of participation in practice on Wednesday. Butler had not practiced with the team since September 25 when training camp started.

Elliott pulls in front late for Dover win Elliott pulls in front late for Dover win If something odd happens to Kevin Harvick, it's more likely to happen at Dover International Speedway than anywhere else. Johnson's bid for a record eighth NASCAR Cup title ended last week when he was eliminated from the playoffs.

Australia Will Keep Burning Coal To Produce Electricity Despite Stern IPCC Warning Australia Will Keep Burning Coal To Produce Electricity Despite Stern IPCC Warning It notes that the contributions of glaciers to sea level rise in the present century can not be distinguished statistically. The Paris accord was signed three years ago by nearly 200 nations, who pledged to keep warming to 1.5-2 degrees.

Google Home app updated in time for stronger smart home push Google Home app updated in time for stronger smart home push Google's event is happening in New York City at 11AM ET tomorrow, October 9th, and we'll have all the details right here. Stick that smart speaker in the kitchen and watch along with cooking videos or just put on something in the background.