CULTURE BRANDS UNIVERSITIES UNITED NATIONS
HOME SUBSCRIBE ABOUT US CONTACT US




Content Authenticity Initiative



World Cities Day 2023



UNESCO CREATIVE CITIES NETWORK






— October 2022 —


« September 2022 | Main | November 2022 »

October 31, 2022

Central Vigilance Commission of India conducts Vigilance Awareness Week 2022


Vigilance Awareness Week


Vigilance Awareness Week


Photo: Message from the President of India on Vigilance Awareness Week 2022.


Vigilance Awareness Week


Photo: Message from the Vice President of India on Vigilance Awareness Week 2022.


Vigilance Awareness Week


Photo: Message from the Prime Minister of India on Vigilance Awareness Week 2022.


Vigilance Awareness Week


Photo: Suresh N Patel, Central Vigilance Commissioner, Praveen Kumar Srivastava, Vigilance Commissioner, and Arvinda Kumar, Vigilance Commissioner, administer integrity pledge to the CVC officials at Satarkata Bhawan in New Delhi on October 31, 2022.


New Delhi, October 31, 2022 — Central Vigilance Commission of India is celebrating Vigilance Awareness Week from October 31 to November 6, 2022, with the following theme:


“Corruption-free India for a developed Nation”


The observance of Vigilance Awareness Week commenced with administering the integrity pledge by the Commission - Suresh N Patel, Central Vigilance Commissioner, Praveen Kumar Srivastava, Vigilance Commissioner, and Arvinda Kumar, Vigilance Commissioner at Satarkata Bhawan to the CVC officials. Prasar Bharati recorded the pledge-taking ceremony.

As a precursor to Vigilance Awareness Week 2022, the Central Vigilance Commission carried out a three-month campaign highlighting specific preventive vigilance initiatives as focus areas for all the Ministries/ Departments/ Organizations.

As a part of Vigilance Awareness Week, the Central Vigilance Commission will organize a function at Vigyan Bhawan on November 3, 2022. Prime Minister Narendra Modi will grace the event as the Chief Guest.


Vigilance Awareness Week


Photo (Update): Prime Minister Modi launches the “Complaint Management System Portal” at the program marking Vigilance Awareness Week of Central Vigilance Commission (CVC) in New Delhi on November 03, 2022.


Source: Central Vigilance Commission

|GlobalGiants.Com|




del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 7:04 AM | View the original post



October 26, 2022

TIME hosts the Annual TIME100 NEXT Gala celebrating the 100 Individuals who are shaping the Future


TIME


TIME


Photo: Four TIME100 Next covers.



NEW YORK, October 25, 2022 — Tonight, TIME hosts the second TIME100 Next Gala to celebrate the members of its annual TIME100 Next list, an expansion of the TIME100 list of the most influential people in the world. The event will be hosted by Keke Palmer, with special remarks from members of this year’s list, including Simone Ashley, Lily Collins, Nalleli Cobo, Joel Kim Booster, George M. Johnson, Leah Thomas, Leah Thomas, and others, along with TIME co-chair Marc Benioff and TIME editor-in-chief and CEO Edward Felsenthal.

The 2022 TIME100 Next list, which highlights 100 rising stars who are defining the next generation of leadership in business, entertainment, sports, politics, health, science, activism, and more, was revealed on September 28. Here is the Full List:

ARTISTS

PHENOMS

INNOVATORS

LEADERS

ADVOCATES

Members of the TIME100 Next attending the celebration include Keke Palmer, Machine Gun Kelly, Jennette McCurdy, Lily Collins, Simone Ashley, Jonathan Majors, Joel Kim Booster, Law Roach, Lashana Lynch, Joe Alwyn, Donnel Baird, George M. Johnson, Ayo Edebiri, Dan Erickson, Devery Jacobs, Erriyon Knighton, Raul Lopez, Nida Manzoor, Casey McQuiston, Jessica Nouhavandi, Trinity Rodman, Leah Thomas, Taylor Tomlinson, Nalleli Cobo and many more.

Of the rising stars and changemakers on the 2022 list, TIME editor-in-chief and CEO Edward Felsenthal writes: “Real change requires urgency and the determination to respond quickly to global challenges. The leaders featured on this year’s TIME100 Next list have demonstrated that spirit. They are shaping our world—and demanding we join them.”

The 2022 TIME100 Next event is presented by signature partner Booking.com and supporting partners Glenfiddich and HSBC.

Source: TIME

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 8:13 AM | View the original post



JKN Global Group acquires The Miss Universe Organization from IMG


Miss Universe Organization



Miss Universe Organization


Photo: Anne Jakapong Jakrajutatip, CEO of JKN Global Group and the first woman owner of The Miss Universe Organization.


BANGKOK, Oct. 26, 2022 — JKN, a Thai-owned media and content conglomerate, has announced the acquisition of The Miss Universe Organization from IMG.

The Miss Universe Organization is an international, inclusive organization that celebrates women of all backgrounds, cultures, and traditions and exists to advocate for a future forged by women and suitable for all. At 71 years, MISS UNIVERSE® is one of the longest-running and most-watched competitions in the world, broadcast in 165 countries worldwide and seen by more than half a billion people annually.

Led by CEO Amy Emmerich and President Paula Shugart, the Miss Universe Organization provides a global platform for more than 10,000 women annually to affect positive change through dedicated personal, professional, and philanthropic activities worldwide. Today’s announcement further propels the Organization’s commitment to inclusivity, with JKN Global Group’s Chief Executive Officer Anne Jakapong Jakrajutatip becoming the first woman owner of The Miss Universe Organization. The transition expands JKN’s global broadcast and media portfolio across entertainment and consumer products. JKN’s acquisition will build on The Miss Universe Organization’s strong brand and vision, developing an integrated and compelling proposition with new opportunities to grow the business in key and untapped markets, including Asia.

JKN said that it would leverage the strength of the Miss Universe brand and JKN’s lifestyle portfolio to create a new range of merchandise, as well as entertainment and various business opportunities that reflect the brand’s strength.

Anne Jakapong Jakrajutatip, Chief Executive Officer of JKN Global Group, said: “We are incredibly honored to be acquiring The Miss Universe Organization and working with its visionary leadership team. The global reach of the Organization, its relationships with global partners and brands, and its wealth of content and merchandising opportunities make this a strong, strategic addition to our portfolio. We seek to continue its legacy of providing a platform to passionate individuals from diverse backgrounds, cultures, and traditions and to evolve the brand for the next generation.”

Amy Emmerich, Chief Executive Officer, and Paula Shugart, President of The Miss Universe Organization, shared: “We are excited to continue the evolution of The Miss Universe Organization with JKN. Our relationships with global partners and brands have never been stronger, and our progressive approach positions us at the forefront of our industry. We want to thank IMG for providing a foundation to realize our aspirations for the brand.”

Source: JKN Global Group

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 3:32 AM | View the original post



October 22, 2022

New York City declares Diwali a Public School Holiday from Next Year.


Diwali, New York City


Photo: Diyas of Diwali. Image credit: George Mathew.


Diwali, New York City


Photo: New York City Mayor Eric Adams, New York City Schools Chancellor David Banks, and New York State Assembly Member Jenifer Rajkumar Announce Support for Diwali as Public-School Holiday at a Press Conference.


New York, October 22, 2022 — Diwali will be a public holiday in New York City Schools starting in 2023. New York Assembly Member Jenifer Rajkumar announced this. She said, “Today, South Asian and Indo-Caribbean families like mine all over this city have made incredible contributions. And today, I’m proud to say our time has come. The time has come to recognize over 200,000 New Yorkers of the Hindu, Buddhist, Sikh, and Jain faiths who celebrate Diwali, the Festival of Lights. That is why today I stand with New York City Mayor Eric Adams and our school’s chancellor, David Banks, to light the way forward to make Diwali, once and for all, a school holiday in the City of New York.”

“Soon, the New York City Department of Education will be able to institute the Diwali holiday on the school calendar,” Jenifer Rajkumar added.

“Next week, we will celebrate Diwali, a celebration of good over evil, light over darkness, of the human ability to overcome, exemplified by Rama’s defeat of evil. In addition, we will celebrate the Hindu principles of interfaith, harmony, love, and tolerance for all New Yorkers. Today I am proud that New York City will soon join jurisdictions across the country and institute the Diwali school holiday. Thank you, and Happy Diwali to everyone in New York and worldwide,” Ms. Rajkumar elaborated.

New York City Schools Chancellor David Banks remarked, “There’s a reason this is the greatest city in the world because the whole world lives here, and they all go to school here. And we must honor and recognize our young people. So celebrating light, the triumph of light over darkness, is critically important.”

New York City Mayor Eric Adams concluded, “I learned so much about the Diwali holiday and the Festival of Lights. As we deal with so much darkness around us, we fail to realize the overwhelming amount of light around us. And when we take this period to acknowledge Diwali, we are acknowledging the light within us, the light that clearly can push away the darkness, which is why this is so significant.”

Source: City of New York Press Office

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 10:50 AM | View the original post



October 20, 2022

FILA debuts New Global Campaign featuring Hailey Bieber


FILA


FILA


FILA


Photos: FILA debuts New Global Campaign featuring Hailey Bieber.


Luxembourg, October 20, 2022 - FILA has tapped American model, media personality, and socialite Hailey Bieber to front the brand’s new global campaign, giving the model and entrepreneur a canvas to express her unique sense of style while utilizing some of the brand’s iconic designs.

Renell Medranohe photographed the campaign, and Renell Medrano and Hailey styled it. Hailey gets featured in various archival FILA pieces and staple styles, including a crewneck sweatshirt, sweater vest, oversized utility pants, and a puffer jacket, accessorizing with bucket hats and FILA footwear.

The photos capture the spirit of the 90s, from the apparel to the styling to the aesthetic. Working hand in hand with the brand, she brings her point of view to FILA classics with a modern and effortless interpretation.

“My style is ever-evolving, and FILA’s designs are timeless and the perfect complement to my everyday wardrobe,” said Hailey. “I’m grateful for the opportunity to work closely with the brand to pull these iconic pieces and present them in a way that feels like a true reflection of my style.”

“Hailey has an enviable and often imitated street style, and she has quickly emerged as a fashion icon for this generation,” said Gene Yoon, Global Chairman at FILA. “As a brand, we have always celebrated individuality and a willingness to take chances in design. Hailey is fearless with her fashion choices, versatility, authenticity, and originality in the expression of her style. FILA has become part of Hailey’s closet, and it was a natural fit to work together on this new campaign.”

The campaign launched on October 18 and will be featured in digital elements globally, including outdoor and subway signage, digital banners, and across FILA social channels.

Founded in 1911, FILA is an Italian sportswear and lifestyle brand with a rich and diverse history. Throughout its 105 years as a brand, FILA has had the opportunity to design athletic wear for some of the finest athletes in tennis, golf, skiing, basketball, and baseball. FILA products are available in over 30 countries, including Italy, the United Kingdom, Germany, France, China, Japan, Korea, Brazil, and the United States.

Source: FILA

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 10:35 AM | View the original post



October 19, 2022

Fashion Magazine ELLE Celebrates Women in Hollywood 2022


Ariana DeBose, Anne Hathaway, Zoë Kravitz, Issa Rae, Sydney Sweeney, Sigourney Weaver, Olivia Wilde, and Michelle Yeoh were honored at ELLE Women in Hollywood celebration on October 17 in Los Angeles. The event was sponsored and presented by Ralph Lauren, Amyris, and Lexus.


ELLE


ELLE


ELLE


ELLE


Photos: ELLE, Women in Hollywood, November 2022 issue individual covers. On newsstands November 1, 2022.


LOS ANGELES, CA (October 18, 2022) - Eight remarkable women were honored at the 29th annual ELLE Women in Hollywood Celebration for their creative and cultural contributions to the worlds of music, film, television, and beyond. In partnership with presenting sponsors Ralph Lauren, Amyris, and Lexus, ELLE Editor-in-Chief Nina Garcia, feted Ariana DeBose, Anne Hathaway, Zoë Kravitz, Issa Rae, Sydney Sweeney, Sigourney Weaver, Olivia Wilde, and Michelle Yeoh. In addition, the event brought together honorees, presenters, artists, and Hollywood legends for this year’s dinner and awards celebration.

In addition to being feted at the annual awards dinner in Los Angeles, the honorees are also featured on individual covers of ELLE’s November 2022 Women in Hollywood issue, on newsstands November 1, 2022.

ELLE is a leading fashion magazine and global media brand with 45 editions, 34 websites, and more than 158 supplements worldwide. The ELLE U.S. brand reaches over 29 million influential readers, users, fans, and followers across all platforms. It inspires women to explore and celebrate style in all aspects of their lives with inclusive and innovative content. 

Source: ELLE

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 8:59 AM | View the original post



October 17, 2022

International Monetary Fund Financial Committee Press Briefing


IMF


Photo: The Governor, Reserve Bank of India, Shaktikanta Das, confers with another Central Bank Governor during IMFC Restricted Early Warning Exercise Meeting in Washington, DC. IMF Managing Director Kristalina Georgieva, First Deputy Managing Director Gita Gopinath, Deputy Managing Director Bo Li, and Deputy Managing Director Kenji Okamura also participated in the International Monetary and Financial Committee Restricted Early Warning Exercise during the 2022 Annual Meetings at the International Monetary Fund. October 13, 2022. Washington, DC, United States. IMF Photo/Allison Shelley.


IMF


Photo: IMF Managing Director Kristalina Georgieva takes her seat before the Annual Meetings Plenary at the International Monetary Fund. October 14, 2022. Washington, DC, United States. IMF Photo/Allison Shelley.


IMF


Photo: IMF Managing Director Kristalina Georgieva participates in the Debate on Global Economy Seminar during the 2022 Annual Meetings at the International Monetary Fund. October 13, 2022. Washington, DC, United States. IMF Photo/Joshua Roberts.


IMF


Photo: IMF Managing Director Kristalina Georgieva, First Vice President of Spain and IMFC Chair Nadia Calvino, and Secretary General of the United Nations, António Guterres, participate in the IMFC Plenary Session during the 2022 Annual Meetings at the International Monetary Fund. October 14, 2022. Washington, DC, United States. IMF Photo/Cory Hancock.


Washington, DC, October 15, 2022 — International Monetary Fund Financial Committee (IMFC) Chair Nadia Calvino and IMF Managing Director Kristalina Georgieva summarized the outcome of the 46th IMFC at the 2022 IMF-World Bank Annual Meetings.


IMF Managing Director Kristalina Georgieva said that the message from the IMF is clear.


We recognize that we need to do more, especially in debt. So meeting participants are urging the IMF to forcefully step forward with possible solutions to bring more impactful needs to the standard framework. They are also asking to proactively work for the creditors and debtors to seek an early resolution to the problems for which we need clear guidelines. We need more predictability, and we need fair treatment of all creditors, public and private. Finally, I want to finish by saying what I said in the end. We were running out of time, and you turned to me and said, How would you sum up this meeting? And my summing up was to buckle up and keep going. And this is what we intend to do, said Georgieva.


IMF Managing Director Kristalina Georgieva called for an end to Russia’s war on Ukraine.


“On a very human, practical, and objective level. Stop the war. Stop the war. I’m looking at this audience. Wouldn’t you think this is the most straightforward way to get the world economy in better shape? Stop the war,” said Georgieva.


IMFC Chair Nadia Calvino highlighted the global economic situation as a factor in the growth of far-right extremism.


“The current environment is one of slowing down growth, high cost of living or increasing cost of living in many parts of the world. But, in addition, big changes involve digitalization, climate change, geopolitical shift, and rising inequality in many of our countries. And this is an environment which is quite open to the messages of people that have elementary and ineffective and wrong solutions to complex matters,” said Calvino.


Source: IMF (International Monetary Fund)

|GlobalGiants.Com|

— The editor is a Financial Market Analyst qualified from the International Monetary Fund Institute for Capacity Development, Washington, DC.


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 4:54 AM | View the original post



October 15, 2022

India's Minister for Finance and Corporate Affairs, Nirmala Sitharaman, addresses scholars of the School of Advanced International Studies (SAIS), John Hopkins University.


John Hopkins University


Photo: India’s Minister for Finance and Corporate Affairs, Nirmala Sitharaman, shares her thoughts on India’s unique Digital Public Goods (DPG) story and multiplier effects created in India through the interlinkages of “Technology, Finance, and Governance” at the School of Advanced International Studies (SAIS), John Hopkins University. October 14, 2022. Washington, DC.

Source: Ministry of Finance, India

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 1:17 AM | View the original post



October 13, 2022

Lakmé Fashion Week and Fashion Design Council of India reveal highlights of the upcoming edition in Mumbai from 12th-16th October.


Lakmé Fashion Week


Photo: Tara Sutaria as the show stopper for Aisha Rao Official at Lakmé Fashion Week in partnership with FDCI. October 2022. Image credit: FDCI/Lakme Fashion Week.


Lakmé Fashion Week


Photo: Showcasing trendsetting & experimental makeup looks straight from Lakmé Fashion Week in partnership with FDCI. October 2022. Image credit: FDCI/Lakme Fashion Week.


Lakmé Fashion Week


Photo: Gen-Next and INFD introduced new talent. Mumbai, India. October 2022. Image credit: FDCI/Lakme Fashion Week.


Lakmé Fashion Week


Photo: Kriti Sanon at the Lakme Fashion Week. Mumbai, India. October 2022. Image credit: FDCI/Lakme Fashion Week.


Lakmé Fashion Week, 12th-16th October, Mumbai Highlights:

Source: Fashion Design Council of India (FDCI) / Lakmé Fashion Week

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 10:21 AM | View the original post



October 12, 2022

Times Higher Education announces World University Rankings 2023



Times Higher Education



New York, October 12, 2022 — The Times Higher Education has published its World University Rankings 2023. It includes 1,799 universities across 104 countries and regions, making them the largest and most diverse university rankings.

The table uses 13 calibrated performance indicators that measure an institution’s performance across four areas: teaching, research, knowledge transfer, and international outlook.

According to THE, this year’s ranking analyzed over 121 million citations across more than 15.5 million research publications and included survey responses from 40,000 scholars globally. Overall, THE collected over 680,000 data points from more than 2,500 institutions that submitted data.

The University of Oxford tops the ranking for the seventh consecutive year. Harvard University remains in second place, but the University of Cambridge jumped from joint fifth last year to joint third.

Italy’s Humanitas University is the highest new entry, ranked in the 201-250 bracket.

The US is the most-represented country overall, with 177 institutions and the most represented in the top 200 (58).

Mainland China now has the fourth-highest number of institutions in the top 200 (11, compared with ten last year), overtaking Australia, which has dropped to fifth (joint with the Netherlands).

Five countries enter the ranking for the first time - all in Africa (Zambia, Namibia, Mozambique, Zimbabwe, and Mauritius).


• THE World University Rankings 2023 — Top 100 Institutions

  1. University of Oxford. The United Kingdom.
  2. Harvard University. The United States.
  3. University of Cambridge. The United Kingdom.
  4. Stanford University. The United States.
  5. Massachusetts Institute of Technology. The United States.
  6. California Institute of Technology. The United States.
  7. Princeton University. The United States.
  8. University of California, Berkeley. The United States.
  9. Yale University. The United States.
  10. Imperial College London. The United Kingdom.
  11. Columbia University. The United States.
  12. ETH Zurich. Switzerland.
  13. The University of Chicago. The United States.
  14. University of Pennsylvania. The United States.
  15. Johns Hopkins University. The United States.
  16. Tsinghua University. China.
  17. Peking University. China.
  18. University of Toronto. Canada.
  19. National University of Singapore. Singapore.
  20. Cornell University. The United States.
  21. University of California, Los Angeles. The United States.
  22. UCL. The United Kingdom.
  23. University of Michigan-Ann Arbor. The United States.
  24. New York University. The United States.
  25. Duke University. The United States.
  26. Northwestern University. The United States.
  27. University of Washington. The United States.
  28. Carnegie Mellon University. The United States.
  29. University of Edinburgh. The United Kingdom.
  30. Technical University of Munich. Germany.
  31. University of Hong Kong. Hong Kong.
  32. University of California, San Diego. The United States.
  33. LMU Munich. Germany.
  34. University of Melbourne. Australia.
  35. King’s College London. The United Kingdom.
  36. Nanyang Technological University, Singapore. Singapore.
  37. London School of Economics and Political Science. The United Kingdom.
  38. Georgia Institute of Technology. The United States.
  39. The University of Tokyo. Japan.
  40. University of British Columbia. Canada.
  41. École Polytechnique Fédérale de Lausanne. Switzerland.
  42. KU Leuven. Belgium.
  43. Heidelberg University. Germany.
  44. Monash University. Australia.
  45. Chinese University of Hong Kong. Hong Kong.
  46. McGill University. Canada.
  47. Paris Sciences et Lettres - PSL Research University Paris. France.
  48. University of Illinois at Urbana-Champaign. The United States.
  49. Karolinska Institute. Sweden.
  50. University of Texas at Austin. The United States.
  51. Fudan University. China.
  52. Shanghai Jiao Tong University. China.
  53. The University of Queensland. Australia.
  54. University of Manchester. The United Kingdom.
  55. University of Sydney. Australia.
  56. Seoul National University. South Korea.
  57. Washington University in St Louis. The United States.
  58. The Hong Kong University of Science and Technology. Hong Kong.
  59. Wageningen University & Research. The Netherlands.
  60. University of Amsterdam. The Netherlands.
  61. Brown University. The United States.
  62. Australian National University. Australia.
  63. University of California, Davis. The United States.
  64. University of California, Santa Barbara. The United States.
  65. University of Southern California. The United States.
  66. Utrecht University. The Netherlands.
  67. Zhejiang University. China.
  68. Kyoto University. Japan.
  69. University of North Carolina at Chapel Hill. The United States.
  70. Delft University of Technology. The Netherlands.
  71. Boston University. The United States.
  72. UNSW Sydney. Australia.
  73. Charité - Universitätsmedizin Berlin. Germany.
  74. University of Science and Technology of China. China.
  75. University of Groningen. The Netherlands.
  76. University of Bristol. The United Kingdom.
  77. Leiden University. The Netherlands.
  78. Yonsei University (Seoul campus). South Korea.
  79. Hong Kong Polytechnic University. Hong Kong.
  80. Erasmus University Rotterdam. The Netherlands.
  81. University of Wisconsin-Madison. The United States.
  82. Emory University. The United States.
  83. University of Glasgow. The United Kingdom.
  84. University of Zurich. Switzerland.
  85. McMaster University. Canada.
  86. Humboldt University of Berlin. Germany.
  87. University of Tübingen. Germany.
  88. University of Adelaide. Australia.
  89. University of Bonn. Germany.
  90. Sorbonne University. France.
  91. Free University of Berlin. Germany.
  92. Korea Advanced Institute of Science and Technology (KAIST). South Korea.
  93. Université Paris-Saclay. France.
  94. University of Bern. Switzerland.
  95. University of California, Irvine. The United States.
  96. Institut Polytechnique de Paris. France.
  97. Nanjing University. China.
  98. Vanderbilt University. The United States.
  99. City University of Hong Kong. Hong Kong.
  100. RWTH Aachen University. Germany.


• INDIA -Top 25

TIMES HIGHER EDUCATION RANK — UNIVERSITY


Source: Times Higher Education

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 9:50 AM | View the original post



October 11, 2022

IMF releases World Economic Outlook Report October 2022


IMF


Photo: Behinds the scenes during the 2022 Annual Meetings at the International Monetary Fund. Washington, DC, United States. October 10, 2022. IMF Photo/STEPHEN VOSS.


IMF


Photo: IMF Managing Director Kristalina Georgieva participates in a meeting at the Global Center on Adaptation. Rotterdam, Netherlands. September 5, 2022. IMF Photo/Eric Kampherbeek.


Washington, October 11, 2022 — The IMF projects global growth is slowing under the burden of high inflation, the impact of Russia’s war in Ukraine, and the lingering effects of the pandemic, announced Pierre-Olivier Gourinchas, the IMF’s Chief Economist on Tuesday, October 11 in Washington, DC.

The Fund expects global growth to remain unchanged in 2022 at 3.2 percent and to slow down to 2.7 percent in 2023—0.2 percentage points lower than the July forecast—with a 25 percent probability that it could fall below 2 percent.

“The global economy is weakening further and facing a fragile environment. The outlook continues to be shaped by three forces. Persistent and broadening inflation, causing a cost-of-living crisis, the Russian invasion of Ukraine and the associated energy crisis, and the economic slowdown in China. This year’s projection for world GDP growth is unchanged at 3.2%, as in the July World Economic Outlook update. Global growth is forecast to slow to 2.7% in 2023, 0.2 percentage points lower than projected in July. The slowdown is broad-based. More than a third of the global economy will contract in 2023, while the three largest economies in the world, the United States, the Euro area, and China, will continue to stall. For the first time, we calculated risks around the baseline projections. We find there is a 25% chance that growth will fall below 2% in 2023. It happened exceedingly rarely in the past, and a 10 to 15% chance it will fall below 1%, corresponding to a decline in real output per capita,” said Gourinchas.


IMF Projection


Downside risks remain elevated, while policy trade-offs to address the cost-of-living crisis have become acutely challenging. Moreover, monetary, fiscal, or financial policy miscalibration risk has risen sharply when the world economy remains historically fragile and economic markets show signs of stress.

Gourinchas explained that, unfortunately, most risks to the outlook are to the downside:

  1. Monetary policy miscalibration is risky during high uncertainty and fragility. In particular, we are concerned that central banks will ease too early, causing inflation to remain excessively high and requiring a much more significant loss of output later.
  2. A persistently strong dollar could fuel inflation and amplify financial tightening, especially in emerging markets and developing economies.
  3. High post-pandemic debts and higher borrowing costs could cause widespread debt distress in low-income countries.
  4. China’s more profound real estate crisis could cause severe financial stress.
  5. The war could further destabilize energy markets.
  6. A resurgence of the pandemic would hit under-vaccinated regions hard, especially Africa.
  7. Further geopolitical fragmentation could hamper global policy coordination and trade.


Persistent and broadening inflation pressures have triggered a rapid and synchronized tightening of monetary conditions, alongside a robust appreciation of the US dollar against most other currencies. Tighter global economic and financial conditions will work their way through the economy, gradually weighing demand down and helping to subjugate inflation.

IMFGrowth Chart

“The biggest fight now is the fight against inflation. Central banks are laser-focused, and they need to keep a steady hand. Growth will slow in 2023 as conditions tighten and some financial fragilities may emerge. But the main priority should be to restore price stability. It is the bedrock of future economic prosperity. Next, fiscal policy needs to be guided by coherent economic principles. First, pandemic-era stimulus should be withdrawn and buffers rebuilt. Second, fiscal policy should not work at cross-purposes with monetary policy. Third, the energy crisis will be long-lasting. Solving it requires supply to increase and demand to decrease. Price signals will be important to achieve that. Fourth, governments should provide direct, temporary, and targeted help to low- and middle-income families. Finally, many countries are struggling with the strength of the dollar. Yet this reflects mostly the speed of the tightening cycle in the United States and the energy crisis. Unless financial markets become severely disrupted, monetary policy should focus on inflation while allowing the exchange rate to adjust to underlying economic forces,” warned Gourinchas.

Source: IMF (International Monetary Fund)

|GlobalGiants.Com|

— The editor has an Academic Certificate in “Financial Market Analysis” issued by “Institute for Capacity Development, International Monetary Fund, Washington, DC.”


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 11:59 AM | View the original post



"Peace Monument" sculpture in the Garden of UN Headquarters, New York


United Nations


Photo: A view of the “Peace Monument” sculpture in the garden of UN Headquarters. Croatian sculptor Antun Augustincic made this sculpture. It depicts a woman riding a horse with an olive branch in one hand and a globe in the other. September 29, 2022. The United States of America. New York. UN Photo/Rick Bajornas.

Source: United Nations, New York

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 10:33 AM | View the original post



October 10, 2022

UGC India invites comments on Draft University Grants Commission (Conferment of Autonomous Status Upon Colleges and Measures for Maintenance of Standards in Autonomous Colleges) Regulations, 2022.


• UGC India issues a Public Notice inviting comments/suggestions on Draft University Grants Commission (Conferment of Autonomous Status Upon Colleges and Measures for Maintenance of Standards in Autonomous Colleges) Regulations, 2022.


UGC-AutoColleges-001.gif

These Regulations shall apply to all Colleges/Institutions affiliated to or constituent of Universities seeking the conferment of “Autonomous College” status.

Source: UGC India

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 10:17 AM | View the original post



The Royal Swedish Academy of Sciences awards the 2022 Nobel Prize in Economic Sciences to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig “for research on banks and financial crises.”


Economics Nobel Prize Winners


Photo: 2022 Nobel Prize in Economic Sciences Winners: Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig.


10 October 2022

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to

“for research on banks and financial crises.”

Their discoveries improved how society deals with financial crises. This year’s laureates in the Economic Sciences, Ben Bernanke, Douglas Diamond, and Philip Dybvig, have significantly improved our understanding of the role of banks in the economy, particularly during financial crises. An important finding in their research is why avoiding bank collapses is vital.

Modern banking research clarifies why we have banks, how to make them less vulnerable to crises and how bank collapses exacerbate financial problems. Ben Bernanke, Douglas Diamond, and Philip Dybvig laid the foundation of this research in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises.

For the economy to function, savings must be channeled to investments. However, there is a conflict here: savers want instant access to their money in case of unexpected outlays. On the other hand, businesses and homeowners need to know they will not be forced to repay their loans prematurely. In their theory, Diamond and Dybvig show how banks offer an optimal solution to this problem. By acting as intermediaries accepting deposits from many savers, banks can allow depositors to access their money when they wish while offering long-term loans to borrowers.

However, their analysis also showed how these two activities make banks vulnerable to rumors about their imminent collapse. If many savers simultaneously run to the bank to withdraw their money, the story may become a self-fulfilling prophecy - a bank run occurs, and the bank collapses. The government providing deposit insurance and acting as a lender of last resort to banks can prevent these dangerous dynamics.

Diamond demonstrated how banks perform another societally important function. As intermediaries between many savers and borrowers, banks are better suited to assessing borrowers’ creditworthiness and ensuring that loans are used for suitable investments.

Ben Bernanke analyzed the Great Depression of the 1930s, the worst economic crisis in modern history. Among other things, he showed how bank runs were a decisive factor in the situation becoming so deep and prolonged. When the banks collapsed, valuable information about borrowers was lost and could not be recreated quickly. Society’s ability to channel savings to productive investments was thus severely diminished.

“The laureates’ insights have improved our ability to avoid serious crises and expensive bailouts,” remarked Tore Ellingsen, Chair of the Committee for the Prize in Economic Sciences.

Sources: The Nobel Prize / The Royal Swedish Academy of Sciences

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 8:22 AM | View the original post



October 8, 2022

International fashion brand for young women, ONLY, introduces a new Anthem with its Brand Ambassador Ananya Panday.


Only, Fashion


MUMBAI, India, Oct. 8, 2022 — Kick-starting the high-octane festive season, the International fashion brand for young women ONLY has launched the second edition of the anthemic campaign with Brand Ambassador Ananya Panday. It is entitled ‘THE ONLY THING I WANT IS EVERYTHING 2.0’.

According to the company, “Set in the ‘EVERYVERSE,’ a place that blurs the lines between digital and reality, ONLY sets foot into a realm that merges disruptive fashion and digital technology, thus catering to the digitally native Gen-Zers of today.”

“The face of the brand, Bollywood Actor and trendsetter Ananya Panday, stars in the high-energy video that once again features the catchy soundtrack and puts a spotlight on the Gen-Z attitude of not wanting to settle for one thing and, in turn, wanting it all. Styled in the latest statement pieces from ONLY, Ananya embodies the spirit of the quintessential ONLY girl - aspirational, confident, and edgy, and defines success on her terms,” the company elaborated.

“Shooting for this campaign for the second time was super exciting. This time we have transformed the vibe and added a digital touch to fashion! The energy is fresh and fast-paced, and I love how the track focuses on living life on my terms. ONLY’s collection this season is so trendy, and this time we have worked with a very cool layering of the pieces, which resonates so much with my style,” said Ananya Panday.

- Watch the short video “THE ONLY THING I WANT IS EVERYTHING 2.0.”



ONLY, an international fashion brand for young women, is one of the leading denim brands in Europe. ONLY is sold in more than 4500 stores worldwide. ONLY India currently has 54 stores and 289 shop-in-shops spread across the country.

Source: ONLY

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 7:47 AM | View the original post



October 6, 2022

Menswear brand JACK&JONES and Bollywood superstar Ranveer Singh team up to break the rules of fashion with DON'T HOLD BACK 3.0


Jack&Jones, Ranveer, Fashion


MUMBAI, India, October 6, 2022 — Assembling all the rule breakers and the rebels, the outsiders and the oddballs, the misfits and the mavericks, contemporary menswear brand JACK&JONES launches one of its most extensive campaigns of the year with fashion icon and Brand Ambassador Ranveer Singh.

The campaign is titled ‘DON’T HOLD BACK 3.0’ and celebrates undaunted authenticity and individuality. DON’T HOLD BACK 3.0 picks up from where it left off - channeling fashion as a means of self-expression.

According to JACK&JONES, it has always been at the forefront of high on-trend fashion. Kick-starting the festive season, the brand elevates its positioning further with a high-octane campaign film. The film opens in an everyday setting - a bunch of corporates and working professionals going about their daily routine, dressed as per the norms. Enter the protagonist Ranveer Singh who embodies the ‘Don’t Hold Back’ spirit - he stands for what he believes in, embraces his inner self, and encourages everyone around him not to hold back from their authentic self.

Styled in statement pieces from the latest collection by JACK&JONES, Ranveer completely transforms the setting from an ordinary day to an extraordinary extravaganza. Against the backdrop of an upbeat soundtrack that celebrates non-conformity and inspires an out-of-the-box attitude. The film showcases how anyone can transform a situation from drab to fab by just being their authentic and unique self and defining it as their path rather than following the one already created.

“I am extremely pumped to be back with JACK&JONES for Don’t Hold Back 3.0. This campaign has been exceptional as it has allowed me to showcase aspects of my personality that I truly enjoy while experimenting with fashion-forward styles from JACK&JONES. The brand ethos reflects my philosophy about my life as I strive to stay true to myself every day. I do not let anyone define me or hold me back, and this campaign is an extension of how I feel about life, which makes this an extraordinary one!” said Brand Ambassador Ranveer Singh.

JACK&JONES India currently has 127 stores and 547 shop-in-shops spread across the country.

• Watch the video:



Source: JACK&JONES India

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 8:21 AM | View the original post



World Teachers' Day: UNESCO alarms about the global teacher shortage crisis.


World Teachers Day2022


Paris, October 5, 2022 — On World Teachers’ Day, Audrey Azoulay, Director-general of UNESCO, called governments worldwide to step up their support for teachers, warning that the profession is struggling to retain its workforce and attract new talent. Worldwide, 69 million teachers are needed to reach universal primary education by 2030.

UNESCO’s estimates indicate the need for an additional 24.4 million teachers in primary education and some 44.4 million teachers for secondary education to achieve universal primary education by 2030.

New UNESCO figures unveiled for 2022 World Teachers’ Day show that, in sub-Saharan Africa, 5.4 million teachers are needed at the primary level and 11.1 million at the secondary level for achieving the targets set by the 2030 Agenda. Southern Asia is the region with the second largest deficit. Here UNESCO projects that 1.7 million additional teachers will be needed at the primary level and 5.3 million at the secondary level.

In low-income countries, the first obstacle is the heavy workload. According to new UNESCO data, each primary teacher in these countries has an average of 52 pupils per class at the primary level, while the global average is 26. The ratio is exceptionally high in sub-Saharan Africa - 56 pupils per teacher - and Southern Asia - 38. In Europe and North America, there are only 15 pupils per teacher on average.

A lack of training amplifies supervision difficulties. In addition, teachers do not always have all the tools at hand to succeed in the classroom. For example, UNESCO data shows that about 26% of primary and 39% of secondary school teachers do not have the minimum qualification requirements in low-income countries, compared to 14% and 16% globally.

Non-competitive salaries also accentuate the vocational crisis. UNESCO data shows that 6 out of 10 countries pay primary school teachers less than professionals with similar qualifications. This criterion is particularly evident in high-income countries. In 5 out of 6 countries in this group, primary school teachers earn less than other comparable professionals. Three high-income countries have a commendable teacher salary policy: Singapore, with an average salary of 139% of similar professions, Spain (125%), and the Republic of Korea (124%).

World Teachers’ Day is held annually on October 5 to celebrate all teachers around the globe. It commemorates the anniversary of adopting the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers, which sets benchmarks regarding the rights and responsibilities of teachers, and standards for their initial preparation and further education, recruitment, employment, and teaching and learning conditions. In addition, the Recommendation concerning the Status of Higher-Education Teaching Personnel was adopted in 1997 to complement the 1966 Recommendation by covering teaching personnel in higher education.

Source: UNESCO

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 1:55 AM | View the original post



October 4, 2022

Got a Grudge against a Higher Education institution (especially a Public University) in India? No Problem! University Grants Commission launches Online Grievance Redressal System: e-Samadhaan


UGC India


New Delhi, October 04, 2022 — The Chairman of the University Grants Commission (UGC), Professor Mamidala Jagadesh Kumar, has just completed his live interaction with the stakeholders of the newly launched “e-Samadhaan” Portal. The “Editor” too participated in the discussion, with the UGC Chairman concluding by wishing everyone “A Happy Dussehra.”

The University Grants Commission (UGC) India has officially launched Online Grievance Redressal System “e-Samadhaan.” It is a specialized portal that would facilitate Students/Faculties/Institutes, and other Complainants to lodge grievances/grudges, send reminders, and view the status of action taken about their resentment(s).

The Portal’s primary aim is to ensure admission transparency, prevent unfair practices in higher educational institutions, and provide a mechanism to redress grievances. The system also facilitates the universities to search and browse grievances lodged against their university and post the action they have taken against the complaints on the Portal.

A Complainant can lodge various grievances, including the following:

The Portal would help identify the institutions which are not responding to the grievances, thus making the Commission take stringent measures against them.

Source: UGC India

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 7:17 AM | View the original post



October 2, 2022

MONDIACULT 2022: States adopt historic Declaration for Culture

• One hundred-fifty States unanimously adopted an ambitious Declaration for Culture on Friday at the end of a three-day conference convened by UNESCO. The text affirms Culture as a “global public good.” It reflects countries’ agreement on a joint roadmap to strengthen public policies in this field.


MONDIACULT


MONDIACULT


MONDIACULT


MONDIACULT


MONDIACULT


Photos: MONDIACULT 2022. UNESCO World Conference on Cultural Policies and Sustainable Development. Images provided by & copyright © UNESCO / Juan Luis M. Acevez.


Mexico, September 30, 2022 — MONDIACULT 2022, the most significant world conference devoted to Culture in the last 40 years, brought together nearly 2,600 participants over three days in Mexico City. At UNESCO’s and Mexico’s invitations, 150 States sent delegations to the conference, and 135 of them were represented at the highest level by ministers of Culture.

“Culture has a fundamental role in our societies. People can discover their common humanity through Culture and become free and enlightened citizens. Yet, despite progress, it still does not have the place it deserves in public policies and international cooperation. MONDIACULT 2022 is a powerful signal to change this. The Declaration adopted today is a commitment to action,” UNESCO Director-General Audrey Azoulay said.

In the Declaration, the fruit of ten months of multilateral negotiations led by UNESCO, States affirm for the first time that Culture is a “global public good.” Consequently, States call for Culture to be included “as a specific objective in its own right” among the United Nations Sustainable Development Goals.

The text defines a set of cultural rights that need to be considered in public policies, ranging from artists’ social and economic rights to artistic freedom. Also included is the right of indigenous communities to safeguard and transmit their ancestral knowledge and protect and promote cultural and natural heritage.

It also calls for substantial regulation of the digital sector, notably of the major platforms, to benefit online cultural diversity, artists’ intellectual property rights, and fair access to content for all.

Stepping up the fight against illicit trafficking in cultural property: In the Declaration, governments also commit to intensify the fight against illegal trafficking in cultural goods with increased international cooperation. They call on art market operators not to offer for sale objects whose provenance is not proven.

The emphasis on “unprovenanced” objects calls for protecting vulnerable archaeological sites. The Declaration mandates UNESCO to propose standard-setting instruments to meet these challenges.

On the same subject, Ms. Azoulay announced the creation by UNESCO and INTERPOL of a virtual museum of stolen cultural property. It will serve as an educational and pedagogical tool so that citizens can learn about the history of these works and help people research the provenance of pieces about which they are unsure. The virtual museum will be up and running by 2025.

A delegation headed by the Minister of State for Culture, Arjun Ram Meghwal, represented India at UNESCO-MONDIACULT 2022 World Conference.

Source: UNESCO

|GlobalGiants.Com|


del.icio.us StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 2:41 AM | View the original post




Start from HOME Go to Top

TRANS WORLD EXPORTS