May 9, 2023
Knight-Hennessy Scholars at Stanford University announces 2023 Cohort of New Scholars.
Knight-Hennessy Scholars will include 85 new scholars in its sixth cohort, representing 29 countries and 38 graduate degree programs across Stanford University.
STANFORD, Calif., May 9, 2023 — Knight-Hennessy Scholars at Stanford University announced its 2023 cohort of 85 new scholars, the largest to date. The new cohort comprises students from 29 countries who will pursue degrees in 38 graduate programs across all seven graduate schools at Stanford. In addition, for the first time, the cohort includes scholars from Hungary, Malawi, the Netherlands, Russia, Sierra Leone, and Turkey.
Knight-Hennessy Scholars is a multidisciplinary, multicultural graduate scholarship program. Knight-Hennessy scholars receive up to three years of financial support to pursue graduate studies at Stanford while engaging in experiences that prepare them to be visionary, courageous, and collaborative leaders who address the world’s complex challenges. Scholars are selected based on their demonstration of the independence of thought, purposeful leadership, and a civic mindset; they span all seven schools at Stanford across all departments.
“In a world that continues to grow more complex, Knight-Hennessy scholars are building the knowledge, skills, and community needed to address our biggest challenges, from climate change to immigration to equity in health care and education — and so much more,” said John L. Hennessy, Stanford University president emeritus and the Shriram Family Director of Knight-Hennessy Scholars. “I believe these scholars will help build a better future for all of us.”
Knight-Hennessy Scholars develops emerging leaders who commit to the greater good and the tools needed to drive meaningful change. The King Global Leadership Program is a core part of the Knight-Hennessy Scholars experience. It offers various workshops, lectures, projects, and experiences that complement scholars’ graduate school education, helping them reach their leadership objectives.
Among the 2023 scholars, 51 percent are female, and 41 percent hold a passport from a foreign country. Sixty-three percent of U.S. scholars identify as a person of color, and 8 percent have served in the U.S. military. The scholars earned undergraduate degrees at 17 international and 38 U.S. institutions. Nineteen percent are the first in their family to graduate from college. The sixth cohort brings the total scholar count to 425, beginning with the inaugural cohort enrolled in 2018.
“I am inspired by our scholars daily,” said Tina Seelig, executive director of Knight-Hennessy Scholars. “Their diversity is our strength. During their time with us, K.H. scholars build an incredible community that expands their world and potential for impact. I’m so excited to welcome our 2023 cohort.”
Knight-Hennessy Scholars has no quotas or restrictions based on region, college or university, field of study, or career aspiration.
Knight-Hennessy Scholars received 7,119 total applications this year, an increase of 5 percent from last year’s 6,742 applications.
Announced in 2016, Knight-Hennessy Scholars gets its name from Phil Knight, philanthropist and co-founder of Nike Inc., and John Hennessy, chairman of Alphabet Inc. Knight-Hennessy Scholars is the largest fully endowed graduate fellowship in the world.
Source: Knight-Hennessy Scholars
|GlobalGiants.Com|
Edited & Posted by the Editor | 1:10 AM | View the original post
May 6, 2023
Pecco Bagnaia notches up extraordinary victory in Spanish GP at Jerez de la Frontera
Photos: Pecco Bagnaia leads in Spanish GP. Images provided by & copyright © Ducati.
Jerez de la Frontera, Spain, May 04, 2023 — Pecco Bagnaia took another extraordinary victory in the MotoGP Spanish GP this afternoon at the Circuito de Jerez - Angel Nieto. The Ducati Lenovo Team rider did an impeccable race at the Andalusian track, which led him to score his thirteenth success in MotoGP and his second of the season.
As in yesterday’s Sprint race, today’s GP was interrupted shortly after the start due to a crash and restarted after a few minutes. Starting with the fifth fastest time, Pecco moved up to third immediately and overtook Jack Miller (KTM Factory Racing). But then he had to give up his position to the Australian rider due to a questionable race direction decision that deemed his overtaking maneuver unfair, even though there was no contact between the two riders.
However, Bagnaia maintained concentration and managed to catch Miller again, reducing the gap to Brad Binder. With a few laps to go, the rider from Chivasso caught up with the South African rider, passing him with five laps to go. Thanks to today’s success, Bagnaia returns to the top of the overall standings with a 22-point lead over fellow Ducati rider Bezzecchi (VR46 Racing Team). Ducati remains at the top of the constructors’ standings, while the Ducati Lenovo Team is fourth in the teams’ standings.
• Francesco Bagnaia (#1, Ducati Lenovo Team) - 1st
- “Considering how the weekend had started, this may be my best win in MotoGP. The skirmish was incredible, and I had a lot of fun. We learned a lot from this GP, and it can help us grow as a team. Friday was difficult, but my team did an incredible job of allowing me to regain a good feeling with the bike. They understood my requests well, and today, thanks to the latest changes on the Desmosedici GP, we were able to win. Doing it here was special, given the great warmth of the fans, so I’m thrilled.”
• Luigi Dall’Igna (General Manager of Ducati Corse)
- “All of Pecco’s victories are beautiful, but this one is perhaps even more so! After the crashes in the last two GPs, we needed a race like this! We had a tough start to the week, but we turned things around together, taking one last step forward today that allowed us to compete in the race. I am very pleased with the work done by the whole team, and congratulations again to Pecco for handling today’s race like a true champion.”
The Spanish motorcycle Grand Prix is a motorcycling event part of the FIM Grand Prix motorcycle racing season at Circuito de Jerez-Ángel Nieto outside Jerez de la Frontera in Andalucia, Spain.
Source: Ducati
|GlobalGiants.Com|
Same track, different years and different rivals but same result! 🥇 @PeccoBagnaia's love affair with Jerez started in 2022 and continued in 2023 ❤️#SpanishGP 🇪🇸 pic.twitter.com/Vk3naJ4kQX
— MotoGP™🏁 (@MotoGP) May 3, 2023
Edited & Posted by the Editor | 12:35 AM | View the original post
May 4, 2023
U.S. Postal Service Issues U.S. Flag Stamp
Photo: U.S. Postal Service Issues U.S. Flag Stamp.
FREEDOM, Maine, May 03, 2023 — With the 2023 U.S. Flag stamp, the U.S. Postal Service honors an important symbol of its nation. The flag serves as a visual reminder of the array of freedoms that Americans enjoy. This stamp displays the banner in its full glory, seven red and six white bars straight and true, with 50 white stars sharply defined on a blue field.
The flag’s design dates to 1777, when the Continental Congress specified 13 horizontal stripes and 13 stars to honor the 13 original colonies. Various versions of the early flag continued to be used until, in 1818, the U.S. Congress standardized the design, mandating 13 stripes forever but a star for every state.
In the mid-1950s, anticipating statehood for Alaska and Hawaii, President Dwight D. Eisenhower appointed a committee to create designs for two new flags. The last time the flag’s design changed was July 4, 1960, with the entrance of Hawaii into the United States the previous August.
The U.S. Flag Forever stamp will be sold in booklets and panes of 20 and coils of 100, 3,000, and 10,000. Providing a solid foundation for the flag is the word FREEDOM.
Antonio Alcalá, an art director for USPS, designed the stamp with existing art by Hong Li.
Source: U.S. Postal Service
|GlobalGiants.Com|
Edited & Posted by the Editor | 3:04 AM | View the original post
May 3, 2023
The Ocean Race 2022-23: A Dogfight the Whole Way Up
Photo: The Ocean Race 2022-23. May 01, 2023. Leg 4 onboard 11th Hour Racing Team. Malama and Team Malizia sail north, towards the equator, surrounded by clouds of the Doldrums. © Amory Ross / 11th Hour Racing / Image provided by The Ocean Race.
Photo: The Ocean Race 2022-23. May 02, 2023, Leg 4 onboard Biotherm. Exit the Doldrums. © Anne Beauge / Biotherm / Image provided by The Ocean Race.
Photo: The Ocean Race 2022-23. May 02, 2023. Leg 4 onboard Biotherm. Exit the Doldrums. © Anne Beauge / Biotherm / Image provided by The Ocean Race.
Photo: The Ocean Race 2022-23. April 21, 2023. 11th Hour Racing celebrates a win in the In-Port race in Itajaí. © Sailing Energy / Image provided by The Ocean Race.
Photo: The Ocean Race 2022-23. April 21, 2023. In-Port race in Itajaí. Team Malizia and GUYOT environnement - Team Europe. © Sailing Energy / Image provided by The Ocean Race.
• The Ocean Race Report— May 03, 2023.
On Monday evening (UTC), Team Malizia led the 11th Hour Racing Team across the equator as The Ocean Race returned to the northern hemisphere.
But the margin was slim - just over two minutes separated the leading pair.
“Hopefully, we’re going to cross in first… by about 200 meters, I would say,” said Will Harris from onboard Malizia. “It’s going to be a dogfight the whole way up (to Newport).
“We’ve sailed down the Atlantic, all the way around and back up. So that’s a big part of ‘around the world’ done now.”
“We’re back in the game with the Malizians…again,” said Charlie Enright on board the 11th Hour Racing Team as his team crossed back to the north.
Both boats were moving well as they made the transition, and the impact of a very weak doldrums pattern hasn’t been too obstructive to progress towards the finish in Newport, Rhode Island.
On Tuesday morning, Paul Meilhat’s third-placed Biotherm had closed within eight miles of the leaders, but a slower stretch this afternoon has seen the team fall back again, some 30 miles behind.
GUYOT environment - Team Europe should cross the equator before 1800 UTC. Unfortunately for Ben Dutreux’s team, the doldrums will impact them more than the leading boats, and they will likely fall further behind.
The following two to three days should see the leading teams heading nearly directly north in the easterly tradewinds. After that, the wind will shift to the west, and there will be another transition to navigate as they gybe with the front.
The race is progressing fine; all yachts will soon cross the equator.
• The Ocean Race is a yacht race around the world.
Source: The Ocean Race 2022-23
|GlobalGiants.Com|
THE OCEAN RACE 2022-2023
WHAT IS THE OCEAN RACE?
Edited & Posted by the Editor | 7:03 AM | View the original post
May 1, 2023
International Jazz Day 2023 Worldwide Celebration concludes with Extraordinary All-Star Global Concert
Thousands of Performances and Events occur in 195 Countries on All Continents.
Former U.S. President Bill Clinton joins Herbie Hancock for Historic Conversation about Jazz.
Photo: International Jazz Day 2023 Poster, London, UK.
Photo: International Jazz Day 2023 Poster, Goa, India.
Photo: International Jazz Day 2023 Poster, Harare, Zimbabwe.
Photo: International Jazz Day 2023 Poster, Cuba, Guatemala.
WASHINGTON, May 1, 2023 — The 12th annual International Jazz Day came to a thrilling close with a spectacular All-Star Global Concert featuring performances from Beijing, Beirut, Johannesburg, New York, Rio de Janeiro, Vienna, and beyond. The All-Star Global Concert showcased celebrated jazz artists, including Cyrille Aimée (France), Ambrose Akinmusire (USA), Thana Alexa (Croatia), John Beasley (USA), Dee Dee Bridgewater (USA), Musekiwa Chingodza (Zimbabwe), Emmet Cohen (USA), Kurt Elling (USA), Oran Etkin (Israel), Tom Gansch (Austria), Christian McBride (USA), Sérgio Mendes (Brazil), Marcus Miller (USA), Thandi Ntuli (South Africa), Dianne Reeves (USA), Antonio Sánchez (Mexico), Somi (Rwanda) and many others.
To mark International Jazz Day 2023, former U.S. President Bill Clinton and UNESCO Goodwill Ambassador Herbie Hancock met for a historical conversation about the impact of jazz on their lives and humanity.
The All-Star Global Concert opened with acclaimed vocalist Somi and her remarkably unique rendition of “House of the Rising Sun” with John Beasley and Ben Williams. Next, the Blue Note China Jazz Orchestra gave a rousing take on the Gershwin standard, “Fascinating Rhythm.” Next, from Casablanca, Morocco, JazzWomenAfrica performed its composition “Bull Door,” sharing the musical traditions of Senegal, Equatorial Guinea, Mali, Togo, and Ghana. Next, vocalist Yumi Park and Brazilian pianist Marcos Ariel delivered a compelling “Mas Que Nada” presentation from Rio de Janeiro. Next, Oran Etkin and Mbira player Musekiwa Chingodza provided a heartwarming performance from the streets of rural Zimbabwe. Next, Herbie Hancock enlisted Ambrose Akinmusire and Walter Smith, III, to perform Wayne Shorter’s iconic composition, “Footprints.” Finally, Dianne Reeves brought the evening to a gorgeous close with her stunning rendition of Horace Silver’s “Peace.”
UNESCO Director-General Audrey Azoulay noted, “Today, let us pay tribute to the genius of the creators and musicians who have been defining and redefining jazz for over a century, from Ella Fitzgerald to Manu Dibango. But let us also commit to supporting jazz players across the globe - so that the universal message of peace and humanity conveyed by jazz music resonates worldwide.”
UNESCO Goodwill Ambassador Herbie Hancock said, “Respect for human dignity is firmly integrated into the DNA of jazz. International Jazz Day honors this important value by embracing the peace and freedom that jazz so eloquently proclaims. And that is the spirit of jazz - finding delight in diversity and creating harmony out of our differences.”
The International Jazz Day 2023 celebration included thousands of jazz performances, jam sessions, master classes, education and community outreach initiatives, and other special events in 195 countries and all 50 U.S. states. Additionally, UNESCO and the Herbie Hancock Institute of Jazz presented educational programs in five languages.
Each year on April 30, International Jazz Day brings together countries and communities on all continents to highlight the power of jazz as a force for freedom and creativity, promote intercultural dialogue through respect and understanding, and unite people worldwide. The UNESCO Member Nations adopted International Jazz Day on the initiative of UNESCO Goodwill Ambassador Herbie Hancock, who co-chairs the annual celebration with UNESCO Director-General Audrey Azoulay. UNESCO and the United Nations recognize this day in their official calendars.
Source: Herbie Hancock Institute of Jazz
|GlobalGiants.Com|
Edited & Posted by the Editor | 10:15 AM | View the original post
April 28, 2023
World Intellectual Property Day: National Academy of Inventors announces 2022 Top 100 Worldwide University U.S. Utility Patent Holders.
Photo: World Intellectual Property Day 2023 Poster released by the World Intellectual Property Organization (WIPO), Geneva, Switzerland. The poster depicts this year’s IP Day theme: “Women and IP: Accelerating innovation and creativity.”
TAMPA, Fla., April 26, 2023 — In celebration of “World Intellectual Property Day,” the National Academy of Inventors (NAI) has released its annual list of the Top 100 worldwide university U.S. utility patent holders. The Academy has released the rankings based on calendar year data provided by the United States Patent and Trademark Office since 2013.
Kathi Vidal, Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office commented: “As we celebrate World IP Day, I am so pleased to see this evidence of the global impact of research and innovation conducted at academic institutions around the globe. On this special day, we at the USPTO pledge to do all we can to maintain a strong intellectual property system at home and worldwide.”
“Throughout its existence, the National Academy of Inventors has sought to quantify with hard data the vital role research and patented technology developed at academic institutions play in our society,” Dr. Paul Sanberg, President of the Academy, noted. “Nothing we do more clearly illustrates that point than this annual report. We will continue to seek other ways to reinforce that message. I will announce the next steps during our Annual Meeting in Washington DC, June 25-27.”
The National Academy of Inventors is a member organization comprising U.S. and international universities, and governmental and non-profit research institutes, with over 4,000 individual inventor members and Fellows spanning more than 250 institutions worldwide. It was founded in 2010 to recognize and encourage inventors with patents issued by the United States Patent and Trademark Office (USPTO), enhance the visibility of academic technology and innovation, encourage the disclosure of intellectual property, educate and mentor innovative students, and translate the inventions of its members to benefit society.
Source: The National Academy of Inventors
|GlobalGiants.Com|
— The editor is an alumnus of the World Intellectual Property Organization Academy (WIPO Academy), Geneva, Switzerland. The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations that works to protect intellectual property worldwide.
Edited & Posted by the Editor | 9:38 AM | View the original post
Indian Actor Ranveer Singh attends the unveiling of Tiffany & Co.'s newly redesigned New York City Landmark.
Photos: Indian Actor Ranveer Singh attends the unveiling of Tiffany & Co.’s newly redesigned New York City Landmark. Images provided by & copyright © Tiffany & Co.
Mumbai, India & New York, April 28, 2023 — Indian actor Ranveer Singh attended the Opening Night that celebrated the unveiling of New York’s newly transformed flagship of Tiffany & Co., now known as ‘The Landmark.’ Associated with Tiffany & Co. as a friend of the House, Ranveer walked the red-carpet wearing designs like the dazzling Tiffany & Co. Schlumberger® Bird on a Rock, and icons like Tiffany T bracelets and rings, Tiffany HardWear Wrap Necklace, amongst other jewels. He celebrated the occasion alongside key brand guests like Jimin, Gal Gadot, Hailey Bieber, Florance Pugh, Anya Taylor Joy, Blake Lively, Michael B Jordan, and Zoey Kravitz. That evening, Katy Perry performed before a curated guest list of global icons, international press, and NY notables.
The Landmark marks the luxury retail institution’s first holistic renovation of the store since it first opened its doors in 1940.
Tiffany & Co. hosted a celebration for reopening its newly transformed flagship store on 57th Street and Fifth Avenue, now known as ‘The Landmark.’ The exclusive party began with an opening set by DJ Mia Moretti, followed by a performance by the Radio City Rockettes, a headlining performance by American singer-songwriter Katy Perry and DJ set by Mark Ronson to close the evening.
Notable guests including Jimin, Ranveer Singh, Gal Gadot, Hailey Bieber, Pharrell, Anya Taylor-Joy, Florence Pugh, Zoë Kravitz, Blake Lively, Michael B. Jordan, Eileen Gu, Adria Arjona, Gabrielle Union, Dwayne Wade, Brooklyn Peltz Beckham, Nicola Peltz Beckham, Tracee Ellis Ross, Barbara Palvin, Dylan Sprouse, Aimee Song, Lauren Santo Domingo, Jacob Elordi, J. Balvin, Sam Worthington, Daniel Arsham, Jeff Koons, Peter Marino, Shohei Shigematsu, Marc Jacobs, Catherine Martin, Martha Stewart, Eva Chen, Caro Daur, Zico, Blake Gray, Wisdom Kaye, Amelie Zilber, Kelsey Merritt, Kate Love, Athena Calderone, Parker Kit Hill, Emma Huo, Reign Judge, Anitta, Bruna Marquezine, Danna Paola, Ronaldo, Camila Queiroz, Diego Boneta, Lala Rudge, Helena Bordon, Juanpa Zurita, Nancy Ajram, Leonie Hanne, Paola Locatelli, Angelababy, Jackson Yee, Henry Lau, Naomi Watanabe, Ayaka Miyoshi, Kemio, Jungjae Lee, Derek Blasberg, Gayle King, Baz Luhrmann, Anne Curtis, Win Metawin, Heart Evangelista, Phoebe Tonkin, Felix Mallard, Amee, Georgia Fowler, Muhammad Shameer, Lara Worthington, Maddison Brown, Jane Chuck, Yan Yan Chan, Tiffany Haddish, Mark Wahlberg, Mayor Eric Adams and more attended the party and wore designs from Tiffany & Co.
Tiffany & Co., founded in New York City in 1837 by Charles Lewis Tiffany, is a global luxury jeweler synonymous with elegance, innovative design, fine craftsmanship, and creative excellence.
With more than 300 retail stores worldwide and a workforce of more than 14,000 employees, Tiffany & Co. and its subsidiaries design, manufacture, and market jewelry, watches, and luxury accessories. Over 3,000 skilled artisans cut Tiffany diamonds and craft jewelry in the Company’s workshops, realizing the brand’s commitment to excellent quality.
Source: Tiffany & Co.
|GlobalGiants.Com|
Edited & Posted by the Editor | 4:42 AM | View the original post
April 26, 2023
Actress Sara Ali Khan attends the launch of India's first "Pret A Manger" Coffee & Breakfast Store in Mumbai.
Photos: Actress Sara Ali Khan at the “Pret A Manger” Coffee & Breakfast Store launch in Mumbai. Images provided by Pret A Manger.
MUMBAI, India, April 25, 2023 — To celebrate its 1st opening, Pret hosted the freshest breakfast in town before it opened its doors to customers on the Morning of April 21. It had over a hundred coffee lovers like actress Sara Ali Khan invited to enjoy their London breakfast right in the heart of Mumbai. In addition, customers could win complimentary goodies to match their excitement for the opening. A few lucky ones also got to join Pret for coffee.
The new Pret A Manger store is open all days of the week from 8:30 a.m. to 11.30 p.m.
Address: Pret A Manger, Maker Maxity Ground Floor, 3 North Avenue, Bandra Kurla Complex Road, Mumbai.
Reliance Brands launched this store. It is India’s first store from Pret A Manger, a British sandwich and coffee chain. The franchisee partnership between Reliance Brands Limited and the British chain plans to open many more such stores all over India.
Reliance Brands Limited (RBL) is a subsidiary of Reliance Retail Ventures Ltd. It began operations in 2007 with a mandate to launch and build global brands in luxury to premium segments across fashion and lifestyle.
Its current portfolio of brand partnerships comprises Armani Exchange, Bally, Bottega Veneta, Brooks Brothers, Burberry, Canali, Clarks, Coach, Diesel, Dune, EA7, Emporio Armani, Ermenegildo Zegna, G Star Raw, Gas, Giorgio Armani, Hamleys, Hugo Boss, Hunkemoller, Iconix, Jimmy Choo, Kate Spade, La Martina, Lenscrafters, Manish Malhotra, Michael Kors, Mothercare, Muji, Paul & Shark, Paul Smith, Pottery Barn, Pottery Barn Kids, Pret A Manger, Raghavendra Rathore, Replay, Salvatore Ferragamo, Satya Paul, Steve Madden, Superdry, Scotch & Soda, Tiffany & Co., Tod’s, Tory Burch, Tumi, Valentino, Versace, Villeroy & Boch, and West Elm. RBL today operates 2,126 doors split into 868 stores and 1,258 shop-in-shops in India.
Pret A Manger opened its first store in London in 1986. Pret now has stores in the UK, US, Hong Kong, France, Dubai, Switzerland, Brussels, Singapore, and Germany.
“Pret A Manger” means “Ready to Eat” in French.
Source: Pret A Manger
|GlobalGiants.Com|
Edited & Posted by the Editor | 12:51 AM | View the original post
April 25, 2023
H&M and Mugler celebrate their Collaboration with a Multi-Faceted Show in New York City
Photo: Model Liza Soberano at the Mugler H&M Global Launch at Park Avenue Armory in New York City on April 19, 2023. Image provided by & copyright © H&M with credits to BFA / Sansho Scott.
NEW YORK, April 20, 2023 — H&M and Mugler celebrated their forthcoming collection launch with an immersive experience encompassing entertainment, music, performance, and fashion. The Mugler and H&M community’s friends, including Pamela Anderson, Charli XCX, Chloë Sevigny, Lourdes Leon, and Dominique Jackson, attended the event. They all wore pieces from the Mugler H&M collection.
The event featured a group concert by musicians Shygirl, Amaarae, and Eartheater, who all starred in the Mugler H&M music video. They were dressed in exclusive looks from the new collection. Each artist performed a series of their hits before uniting to serve a new version of the 90s club classic “Music Sounds Better With You,” a track specially commissioned in celebration of the Mugler H&M collection.
The performances were punctuated by a runway show, alongside dance performances and DJ sets by Bobby Beethoven, Goth Jafar, and Asmara at a subsequent after-party. The event was curated as a unique hybrid, bringing together sound, style, live performance, club culture, and dance, all while nodding to the theatricality and flamboyance that has been a signature of the house from its inception under Thierry Mugler through to its current incarnation under the direction of Casey Cadwallader. With over 800 guests in attendance, the event encapsulated the sense of diversity and inclusivity central to Mugler while underpinning the democratic ethos of the H&M designer collaborations.
Source: H&M
|GlobalGiants.Com|
Edited & Posted by the Editor | 1:15 AM | View the original post
April 22, 2023
UNESCO invites Governments to submit Nominations for the 2023 Prize for Girls' and Women's Education
Photo: Narendra Modi, Prime Minister of the Republic of India, visits the UNESCO Headquarters in Paris, France. August 23, 2019. Image provided by @ copyright © UNESCO/Christelle ALIX. (File Photo)
Paris, France, April 21, 2023 — On International Women’s Day, UNESCO launched the call for nominations for the 2023 UNESCO Prize for Girls and Women’s Education. The Prize awards US$ 50,000 annually to two laureates making outstanding efforts in favor of girls and women’s education.
UNESCO said it believes in the transformative power of education to unlock the potential of women and girls, advance gender equality, and achieve just, equal, and inclusive societies.
So, UNESCO has invited the Governments of UNESCO Member States to nominate up to three individuals, institutions, or organizations who have made solid and innovative contributions in favor of girls’ and women’s education.
Interested candidates may contact their country’s National Commission for UNESCO or Permanent Delegation to UNESCO for nomination submission.
Nominations must meet the eligibility and selection criteria set by the Prize. In addition, nominated projects must be established and running for at least two years and show potential to be replicable and scalable. An independent International Jury of five experts will assess nominations based on the project’s potential for impact, innovation, and sustainability.
The submission deadline is May 19, 2023 (midnight, Paris time).
National Commissions for UNESCO and Permanent Delegations to UNESCO can submit the Nominations online in English or French on behalf of the candidates.
Based on the recommendations of the Jury, the Director-General of UNESCO will announce the 2023 laureates who will receive the award on October 11, 2023, as part of the “International Day of the Girl” celebrations.
Sources:
• UNESCO Headquarters, Paris.
• Indian National Commission for Cooperation with UNESCO (INCCU), Department of Higher Education, Ministry of Education, Government of India.
|GlobalGiants.Com|
— The editor is a Higher Education Consultant holding UNESCO International Institute for Educational Planning, Paris, France Certification.
Edited & Posted by the Editor | 7:30 AM | View the original post
April 21, 2023
Face Connect: Genesis debuts GV60 with World's First Facial Recognition
World’s first application of such technology in the automotive sector.
Face Connect uses facial recognition technology to lock and unlock the Genesis GV60.
Part of a keyless biometric vehicle entry and engine start.
Photos: FACE CONNECT. Genesis debuts GV60 with the world’s first Facial Recognition. Images provided by & copyright © Genesis.
LONDON, United Kingdom, Apr. 20, 2023: The world’s first facial recognition technology on a car has made its European debut at Salon Privé London today. Available exclusively on the all-electric Genesis GV60, Face Connect is part of a keyless biometric vehicle entry and engine start.
Genesis’ Face Connect allows drivers to access their car using their face alone - technology already available on millions of smartphones worldwide. Using a facial recognition sensor in the b-pillar of the vehicle with a deep-learning image processing controller, the GV60 can be locked and unlocked without needing a physical key.
Drivers need the physical key once to set up their profile for face recognition entry. Then the car is started using their fingerprint, with all information stored securely via encrypted software in the vehicle and managed via HMI (Human-Machine Interface). Drivers can be reassured that no biometric data is uploaded and stored remotely.
Making its debut in May last year, the GV60 was Genesis’ first all-electric car. With a range of up to 321 miles, at 0-62mph in just four seconds, and the ability to charge from 10-80% in just 18 minutes with the right conditions, the GV60 represents an unmatched level of premium design and technology.
Salon Privé London is held for three days in April in the heart of London, on the lawns of the historic Royal Hospital Chelsea, and is a spectacular collection of the greatest supercars, sports cars, and luxury cars. As well as the most prestigious brands on show, over 60 stunning classic vehicles will be lined up in the Concours de Vente - all available to buy there and then.
“This application of facial recognition and biometric technology on the Genesis GV60 is bringing not just Genesis but the entire industry into the next generation of motoring,” commented Andrew Pilkington, managing director of Genesis Motor UK. “Such state-of-the-art innovations simply demonstrate the commitment that Genesis has to its customers to offer a personalized and seamless experience and the commitment it has to the UK and European market.”
The 2023 Genesis GV60 is available in either Premium, Sport, or Sport Plus versions. In addition, it can be personalized using the online configurator, allowing customers to choose from a range of color and trim options and select a select number of upgrade packages.
Genesis brings premium cars with a luxury experience to Europe. The Korean brand has established itself as a genuine alternative within the premium segment, receiving multiple award wins in 2022.
Source: Genesis
|GlobalGiants.Com|
Edited & Posted by the Editor | 11:41 AM | View the original post
The Official Poster of the 76th Festival de Cannes released
Photo: The official poster of the 76th Festival de Cannes. Photo credits: Jack Garofalo/Paris Match/Scoop. Poster credits: Photo © Jack Garofalo/Paris Match/Scoop. Graphic design © Hartland Villa. Image provided by Festival de Cannes.
Hartland Villa (Lionel Avignon, Stefan de Vivies) created the official poster of the 76th Festival de Cannes from a photo by Jack Garofalo on the set of La Chamade, a film directed by Alain Cavalier, starring Catherine Deneuve, Michel Piccoli, and Roger van Hool.
The poster depicts a June 1968 photo in which Actress Catherine Deneuve is standing on Pampelonne beach, near Saint-Tropez, for the shooting of La Chamade by Alain Cavalier, adapted from the novel by Françoise Sagan.
Catherine Deneuve is a French actress, occasional singer, model, and producer, considered one of the greatest European actresses.
Source: Festival de Cannes
|GlobalGiants.Com|
Edited & Posted by the Editor | 6:46 AM | View the original post
April 20, 2023
Breitling introduces the Endurance Pro University Editions in collaboration with Four Outstanding Educational Institutions
Photo: Breitling Endurance Pro University Watch. The University of Alabama Edition. Image provided by & copyright © Breitling.
Photo: Breitling Endurance Pro University Watch. The University of Michigan Edition. Image provided by & copyright © Breitling.
Photo: Breitling Endurance Pro University Watch. Princeton University Edition. Image provided by & copyright © Breitling.
Photo: Breitling Endurance Pro University Watch. United States Naval Academy Edition. Image provided by & copyright © Breitling.
NEW YORK, April 18, 2023 — The all-new Breitling Endurance Pro University Editions collection is the ultimate athleisure watch for collegiate fans worldwide. Show your school spirit on your wrist with special editions in honor of Princeton® University, the United States Naval Academy™, The University of Alabama®, and the University of Michigan™. Designed as a lightweight watch for athletes and a casual, everyday sports timepiece, it is the perfect light and light-hearted luxury sports watch combining high precision, innovative technology, and vibrant, colorful design in honor of these iconic institutions.
Each University Edition watch features the school’s distinctive colors and signature emblems on the dials and case backs. For example, the Breitling Endurance Pro (Princeton University edition) features an orange inner bezel, matching orange strap, Princeton Shield® on the dial, and caseback. The Breitling Endurance Pro United States Naval Academy edition has a blue inner bezel, coordinating blue strap, Navy Midshipmen™ logo on the dial, and the United States Naval Academy Anchor engraving on the caseback. The Breitling Endurance Pro The University of Alabama edition has a red inner bezel and strap, Alabama Crimson Tide® athletic department logo on the dial, and a Where Legends Are Made® campaign engraving on the caseback. Finally, the Breitling Endurance Pro University of Michigan edition features a blue inner bezel and matching strap, signature maize Block M on the dial, and Michigan Lamp of Knowledge Seal engraved on the caseback.
Designed for men and women whose active lives blend a professional mindset with a sporty lifestyle, the Endurance Pro is equal to the challenges of a rigorous workout but fashionable enough for everyday wear.
Founded in 1884, Breitling is a leading Swiss watchmaker. The innovative company defined the modern chronograph and pioneered the navigational tool watch. It is still breaking new ground as a casual, inclusive, and sustainable luxury brand with more than 250 industrial loft-inspired retail locations worldwide.
Source: Breitling
|GlobalGiants.Com|
Edited & Posted by the Editor | 9:08 AM | View the original post
April 19, 2023
Porsche India launches five new Porsche Showrooms.
New Porsche locations opened in Ahmedabad, Bengaluru, Chennai, Kolkata, and Mumbai.
Photo: L-R: Manolito Vujicic, Brand Director, Porsche India; Palak Shah, Dealer Principal, Porsche Centre Ahmedabad; and Dr. Manfred Bräunl, CEO, PME, at the opening of the new Porsche showroom in Ahmedabad, India.
Mumbai, April 18, 2023 — After a strong sales year in 2022, Porsche India is delivering on its promise to expand its retail network — the inauguration of five new facilities in one week is a keystone element in its strategic growth plan.
New Porsche showrooms in Bengaluru and Chennai and newly renovated and reopened sites in Ahmedabad, Kolkata, and Mumbai were commemorated in back-to-back ceremonies during the week of 10 to April 15, 2023, to expand the existing network in India. The expansion brings the total number of Porsche showrooms to eight. In addition, there is a Porsche Studio in Delhi.
Dr. Manfred Bräunl, Chief Executive Officer of Porsche Middle East and Africa FZE, said the rollout is an example of the assurance made by Porsche India to exceed market expectations and deliver Porsche levels of customer experience to an expanding market.
Bräunl added, “India is an important market for Porsche. Porsche has been India’s fastest-growing automotive luxury brand over the last few years, making network development a priority.”
“The expansion of our Indian network underlines that customer centricity is at the core of our strategy for this market. The inauguration of these five Porsche showrooms is in line with our mandate to continue expanding our retail footprint across the country based on increasing customer demand,” he elaborated.
Manolito Vujicic, Brand Director, Porsche India, said the new dealerships had initiated operations with a total commitment towards its customers and prospects using state-of-the-art facilities and highly trained staff.
“These new showrooms demonstrate our commitment to expanding our presence in key markets and delivering an exceptional customer experience,” he explained.
“We can now provide a seamless experience and ease of accessibility for all prospective customers nationwide. Again, we thank our stakeholders for helping us deliver such an ambitious target on time.”
The new showrooms intend to give visitors an immersive experience showcasing Porsche’s history and its engineering, safety, performance, connectivity, and efficiency innovations. These will set the theme for future locations across the sub-continent catering to a larger yet still niche market, including three new dealers appointed last year as the basis for its roadmap to future growth.
“Our Bengaluru and Chennai facilities are new from the ground up, while the Mumbai and Ahmedabad locations are major upgrades of existing facilities on their present sites,” Vujicic remarked. “Our new investor in Kolkata has taken the same location where the previous Porsche Centre used to stand many years back and completely overhauled it so that it’s now considered a new facility ready to be inaugurated.”
Porsche India enjoyed its best-ever sales performance in 2022, with a 64 percent growth over the previous year, as the all-new electric Taycan completed its first full year of sales. Buyer interest remained strong across its SUV and sports cars segments, with a 69 percent growth in the sales of SUV models highlighted by the top-selling Cayenne.
Source: Porsche
|GlobalGiants.Com|
Edited & Posted by the Editor | 8:37 AM | View the original post
April 18, 2023
The Wealthiest Cities in the World in 2023.
Photo: The wealthiest cities in the world in 2023 compiled by Henley & Partners.
LONDON, April 18, 2023 — When it comes to the number of resident millionaires, cities in the USA and China dominate the World’s Top 10 Wealthiest Cities, while only one European city, namely London, makes it onto the 2023 list published today by international investment migration firm Henley & Partners in partnership with global wealth intelligence firm New World Wealth.
• Wealthiest Cities
New York City wears the crown as the wealthiest in the world with 340,000 millionaires, while two other American wealth hubs — the San Francisco Bay Area and Los Angeles — come in 3rd and 6th places, with 285,000 and 205,400 resident high-net-worth individuals, respectively. (HNWIs have an investable wealth of over USD 1 million, and all figures are rounded to the nearest 100.)
Tokyo, which led the pack ten years ago, falls to 2nd place with 290,300 millionaires, and London, the wealthiest city in the world for many years, drops down to 4th place with 258,000 resident HNWIs. City-state Singapore, widely regarded as the most business-friendly city in the world and one of the top destinations for migrating millionaires, sits in 5th place with 240,100 resident millionaires. In comparison, Sydney comes in 10th place with 126,900 millionaires. Home to some of the world’s most exclusive residential suburbs, Sydney has experienced robust wealth growth over the past 20 years and is projected to break into the global Top 5 wealthiest cities by 2040.
China has three cities in the Top 10, with Hong Kong (129,500 millionaires), Beijing (128,200), and Shanghai (127,200) taking 7th, 8th, and 9th places, respectively. Beijing and Shanghai have climbed the rankings over the past decade, but Hong Kong has taken a tumble, dropping from 4th place in 2012 down to 7th place currently.
Dr. Juerg Steffen, CEO of Henley & Partners, says, “7 of the Top 10 wealthiest cities in the world are in countries that host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights.”
• Fastest Growing Cities
The US and China also dominate the Top 10 list of “fastest-growing cities” for resident millionaires over the past decade. One of China’s most enduringly popular holiday spots, Hangzhou, tops the charts with a millionaire growth of 105% between 2012 and 2022. Shenzhen and the port city of Guangzhou also enjoyed significant HNWI expansion, at 98% and 86%, respectively. The three fastest-growing millionaire hotspots in the US are Austin (102% growth in resident HNWIs), West Palm Beach (90%), and Scottsdale (88%). India has two cities in the Top 10 — Bengaluru (88%) and Hyderabad (78%) — and the final two places go to the UAE’s cultural hub Sharjah (84%) and Ho Chi Minh City in Vietnam (82%) which is fast emerging as Asia’s next big wealth hub.
Head of Research at New World Wealth, Andrew Amoils, says traditional wealth magnets have experienced solid growth over the last decade. “Arguably the world’s top haven for the super-rich, the average wealth of a person living in Monaco exceeds USD 10 million, making it the top-ranked city on a wealth per capita basis. But unfortunately, it is also the world’s most expensive, with apartment prices exceeding USD 35,000 per square meter. Dubai is another leading international wealth center, with its low tax rates making it a magnet for migrating millionaires from all over the world. Approximately 3,500 high-net-worth individuals moved to the city in 2022 alone.”
Source: Henley & Partners
|GlobalGiants.Com|
Edited & Posted by the Editor | 7:51 AM | View the original post
April 14, 2023
Celebrate Akshaya Tritiya with the Timeless De Beers Forevermark Icon Collection
— Sparkle with Natural De Beers Forevermark Diamonds on this Auspicious Occasion. —
MUMBAI, India, April 14, 2023 — On the auspicious Occasion of Akshaya Tritiya, which celebrates good fortune and prosperity, De Beers Forevermark, the diamond jewelry house renowned for its exceptional quality, presents - the Forevermark Icon™ Collection.
During this festive time when precious items are purchased to mark prosperity, the Forevermark Icon™ Collection is the perfect jewelry accessory to compliment the Occasion. The collection pays tribute to the iconic motif at the brand’s core since its inception. Initially inspired by the beauty of stars in the South African night sky and the outline of a diamond, the Forevermark Icon™ Collection has been reimagined into a new line of diamond jewelry. Each piece is crafted with delicate settings and motifs enhanced by the brilliance of De Beers Forevermark diamonds that sparkle like stars at the center of each design.
According to the company, this jewelry collection has been created for those with a unique sense of self and style. With sixty-two exquisite pieces, the collection includes earrings, chic cufflinks, asymmetric bangles, rings, and pendants, all crafted from 18K yellow, white, and rose gold. In addition, the collection features ornate openwork, colorful enamel applications, pavé set diamonds, and various shapes. “The Forevermark Icon™ collection is a contemporary and effortless fine jewelry collection that can be worn on its own or stacked and layered with other favorite pieces to create a bold yet refined statement. Each piece is designed to be worn daily, making them the perfect gift for a loved one on this auspicious Occasion,” De Beers remarked.
Amit Pratihari, Vice President, De Beers Forevermark India, said, “Akshaya Tritiya is a significant festival in India, and we are thrilled to offer our clients the opportunity to mark this auspicious occasion with the classic Forevermark Icon™ Collection. Each piece in the collection has been crafted with the utmost care and features diamonds selected for their beauty and rarity. We believe that our clients will appreciate the timeless elegance of these pieces, which are designed to be treasured for a lifetime.”
De Beers said Forevermark’s commitment to responsible sourcing ensures that each diamond is ethically and sustainably sourced. In addition, the brand’s rigorous selection process ensures that only the most beautiful and rare diamonds are chosen for inclusion in the collection.
De Beers Forevermark is a Jewellery House offering contemporary designs featuring responsibly sourced diamonds that are hand selected for their beauty.
De Beers Forevermark jewelry is sold through forevermark.com and in approximately 2,400 jeweler locations worldwide.
Source: De Beers Forevermark
|GlobalGiants.Com|
Forevermark Circle of Trust© Diamond Bangles
Edited & Posted by the Editor | 2:08 PM | View the original post
April 13, 2023
Global Sovereign Debt Roundtable Co-Chairs, IMF, World Bank, and India (as G20 Presidency) have issued a Press Statement.
Photo: The Global Sovereign Debt Roundtable co-chaired by IMF, World Bank, and India (as G20 Presidency). April 12, 2023. Washington, DC. IMF Photo.
Washington, DC, April 12, 2023 — The Global Sovereign Debt Roundtable (GSDR) met today and discussed debt sustainability and restructuring challenges and how to address them. At the end of the meeting, the International Monetary Fund Managing Director Kristalina Georgieva, World Bank Group President David Malpass, and Indian Minister of Finance Nirmala Sitharaman, co-chairs of the GSDR, released the following statement.
“The Global Sovereign Debt Roundtable (GSDR) met today and discussed debt sustainability and restructuring challenges and ways to address them. We are grateful to all the participants, including Paris Club and non-Paris Club creditors, debtor countries, and private sector representatives. The discussion focused on the actions that can be taken now to accelerate debt restructuring processes and make them more efficient, including under the G20 Common Framework.
We agreed on the importance of urgently improving information sharing, including on macroeconomic projections and debt sustainability assessments, at an early stage of the process. Accordingly, the IMF and World Bank will rapidly issue staff guidance on information sharing at each step of the restructuring process.
The meeting discussed the role of Multilateral Development Banks (MDBs) in these processes by providing net positive flows of concessional finance. In addition, the conference welcomed the International Development Association’s (IDA) provision of positive net flows and the ex-ante implicit debt relief through increased concessions and grants to countries facing higher risks of debt distress.
To clarify critical concepts to support the predictability and fairness of debt restructuring processes, a workshop will be organized in the following weeks on assessing and enforcing the comparability of treatment. Moreover, further work will be undertaken on principles regarding cut-off dates, formal debt service suspension at the beginning of the process, treatment of arrears, and perimeter of debt to be restructured, including concerning domestic debt. This work will also help in clarifying potential timetables to accelerate debt restructurings.
The IMF, World Bank, and the G20 Presidency will continue to work closely with other partners to support the international response to current debt challenges.”
Participants in the meeting included the three co-chairs (International Monetary Fund, World Bank, and India as G20 Presidency), official bilateral creditors (China, France as chair of the Paris Club, Japan, Saudi Arabia, United Kingdom, United States), debtor countries (Ecuador, Ethiopia, Ghana, Sri Lanka, Suriname, Zambia), Brazil as the forthcoming 2024 G20 Presidency and private sector representatives (Institute of International Finance, International Capital Markets Association, BlackRock, Standard Chartered).
Source: IMF Communications Department
|GlobalGiants.Com|
Edited & Posted by the Editor | 1:46 PM | View the original post
April 12, 2023
Ducati Lenovo Team ready to hit the track in Austin, Texas, for the Americas GP
Photos: World MotoGP Champion and Ducati Team leader Francesco Bagnaia. Images provided by & copyright © Ducati.
Austin, Texas, April 12, 2023 — The Ducati Lenovo Team has arrived in Austin, Texas, to contest the third round of the 2023 MotoGP season, the Grand Prix of The Americas, at the famous Circuit of The Americas.
The U.S. track hosted the World Championship for the first time in 2013 and, with its over 5 kilometers, is one of the fascinating tracks on the calendar. Ducati has so far achieved seven podiums at COTA, most notably the victory scored by Enea Bastianini last year with the Desmosedici GP of the Gresini Racing team. However, the rider from Rimini, still recovering from a right shoulder injury suffered in the Portuguese GP, will not participate in the American event this year and will be replaced by Michele Pirro, the official test rider for the Borgo Panigale manufacturer.
2022 World Champion Francesco Bagnaia arrives in the United States determined to redeem himself after crashing in Argentina in second position and finishing the race sixteenth. Bagnaia currently boasts a third place as his best result in Austin, achieved in 2021 after starting from the pole.
• Francesco Bagnaia (#1, Ducati Lenovo Team):
“I am happy to be back on track in Austin this weekend. The GP of the Americas is one of my favorite events, and the circuit is exceptional. We have always been fast here and can do well again this year.”
• Michele Pirro (#51, Ducati Lenovo Team):
“I will do my best and give my all for Ducati. I only raced once at the Circuit of The Americas in 2016 to replace Petrucci, so I have no particular ambitions. The goal will be to improve each session and be as close as possible to the leaders.”
• Circuit Information
- Country: United States
- Name: Circuit Of The Americas
- Best Lap: Bastianini (Ducati) 2:03.521 (160.6.7 km/h) - 2022
- Circuit Record: Martín (Ducati), 2:02.039 (162,2 km/h) - 2022
- Top Speed: Miller (Ducati), 352,9 km/h - 2021
- Track Length: 5.51 km
- Sprint Race Distance: 10 laps (55.10 km)
- Race Distance: 20 laps (110.2 km)
- Corners: 20 (11 left, 9 right)
• 2022 Results
- Podium: 1° Bastianini (Ducati); 2° Rins (Suzuki), 3° Miller (Ducati)
- Pole Position: Martín (Ducati) 2:02.039 (162,2 km/h)
- Fastest lap: Bastianini (Ducati) 2:03.521 (160.6.7 km/h)
• Rider Information
— Francesco Bagnaia —
- Bike: Ducati Desmosedici GP
- Race Number: 1
- GPs Started: 174 (69 x MotoGP, 36 x Moto2, 69 x Moto3)
- First GP: Qatar 2019 (MotoGP), Qatar 2017 (Moto2), Qatar 2013 (Moto3)
- Wins: 22 (12 MotoGP + 8 Moto2 + 2 Moto3)
- Sprint wins: 1
- First GP win: Aragón 2021 (MotoGP), Qatar 2018 (Moto2), Netherlands 2016 (Moto3)
- Pole positions: 18 (11 MotoGP + 6 Moto2 + 1 Moto3)
- First pole: Qatar 2021 (MotoGP), France 2018 (Moto2), Britain 2016 (Moto3)
- World Titles: 2 (MotoGP 2022, Moto2 2018)
— Michele Pirro —
- Bike: Ducati Desmosedici GP
- Race Number: 51
- GPs Started: 110 (63 x MotoGP, 18 x Moto2, 29 x 125cc)
- First GP: Qatar 2012 (MotoGP), Aragón 2010 (Moto2), Italy 2003 (125cc)
- Wins: 1 (Moto2)
- Sprint Win: - 0
- First GP win: Valencia 2011 (Moto2)
- Pole positions: 1 (Moto2)
- First pole: Valencia 2011 (Moto2)
- World Titles: - 0
• Championship Information
• Riders’ Standing
Francesco Bagnaia (#1 Ducati Lenovo Team) - 2° (41 points)
• Constructors’ Standings
Ducati - 1º (71 points)
• Teams’ Standings
Ducati Lenovo Team - 5° (41 points)
Source: Ducati
|GlobalGiants.Com|
Last year @88jorgemartin took pole in COTA after smashing the lap record! 🔥
— MotoGP™🏁 (@MotoGP) April 11, 2023
Now it's time to predict this weekend's pole lap time here 👉 https://t.co/0L11qGdWqI to win some incredible prizes with @TISSOT 🙌#AmericasGP 🇺🇸 pic.twitter.com/egj9iekOex
Edited & Posted by the Editor | 2:55 PM | View the original post
April 11, 2023
IMF announces World Economic Outlook April 2023
Washington DC, April 11, 2023 — In its World Economic Outlook’s press briefing, the IMF (International Monetary Fund) announced today that the baseline forecast for global output growth is 0.1 percentage points lower than that predicted in the January 2023 WEO Update. It would rise to 3.0 percent in 2024.
“The world economy is still recovering from the unprecedented upheavals of the last three years, and the recent banking turmoil has increased uncertainties. As a result, we expect global output growth to fall from 3.4% last year to 2.8% in 2023 before rising to 3% in 2024, mostly unchanged from our January projections. Advanced economies would see an especially pronounced growth slowdown from 2.7% in 2022 to 1.3% in 2023. Global headline inflation is set to fall from 8.7% in 2022 to 7% in 2023 due to lower commodity prices, but underlying core inflation is proving to be stickier. Importantly, this outlook assumes that recent financial stresses remain contained,” said Pierre-Olivier Gourinchas, the IMF’s Chief Economist.
Much uncertainty clouds the short- and medium-term outlook as the global economy adjusts to the shocks of 2020-22 and the recent financial sector turmoil. As a result, recession concerns have gained prominence, while worries about stubbornly high inflation persist.
“Once again, risks are heavily tilted to the downside. They have risen with the recent financial turmoil. Most prominently, recent banking system turbulence could result in a sharper and more persistent tightening of global financial conditions. The simultaneous rate hikes across countries could have more contractionary effects than expected, especially as debt levels are at historical highs. There might be a need for more monetary tightening if inflation remains stickier than expected. These risks and more could all materialize at a time when policymakers face much more limited policy space to offset negative shocks, especially in low-income countries,” added Gourinchas.
With the fog around current and prospective economic conditions thickening, policymakers have a narrow path toward restoring price stability while avoiding a recession and maintaining financial stability. However, achieving strong, sustainable, and inclusive growth will require policymakers to stay agile and be ready to adjust as information becomes available.
“First, as long as financial stress is not systemic as it is now, the fight against inflation should remain the priority for central banks. Second, central banks should use separate tools to safeguard financial stability and clearly communicate their objectives to avoid unwarranted volatility. Further, financial policies should remain laser-focused on preserving financial stability and watch for any buildup of risks in banks, non-banks, and the real estate sectors. Third, in many countries, fiscal policy should tighten to ease inflation pressures, restore debt sustainability, and rebuild fiscal buffers. Finally, in the event of capital outflows that raise financial stability risks, emerging market and developing economies should use the integrated Policy framework, combining temporary targeted foreign exchange interventions and capital flow measures where appropriate,” said Gourinchas.
The International Monetary Fund (IMF) lowered India’s economic growth projection for the current fiscal to 5.9 percent from 6.1 percent earlier. Yet India will continue to be the fastest-growing economy in the world.
Source: IMF
|GlobalGiants.Com|
Edited & Posted by the Editor | 1:52 PM | View the original post
Natural Diamond Council presents Jewellery Trend Report saying "Maximalism" is the Flavour of the Season
— Natural Diamond Council urges consumers to celebrate life the Avant Garde way this diamond month —
Photo: NDC Jewellery Trend Report 2023. Image provided by & copyright © Natural Diamond Council.
Photo: XXL Chokers and Earrings. Image provided by & copyright © Natural Diamond Council.
Photo: Diamonds with Gemstone. Image provided by & copyright © Natural Diamond Council.
Photo: Modern Solitaire. Image provided by & copyright © Natural Diamond Council.
MUMBAI, India, April 11, 2023 — The Natural Diamond Council (NDC) is back with the bold third edition of their Jewellery Trend Report, offering connoisseurs an insight into what is in vogue this season. The year’s overarching theme is ‘Maximalism.’ It is bound to captivate audiences worldwide, show-stopping the red carpets and being the favored glamour choice during the festive seasons, NDC remarked. Maximalism is about living life unapologetically, which has been identified as the ruling influence this season by NDC’s Style Collective. Featuring experts across genres like design, fashion, and journalism, the members of the erudite Style Collective include Rhea Kapoor, HH Maharani Radhikaraje Gaekwad of Baroda, Bibhu Mohapatra, Roohi Oomerbhoy Jaikishan, Katerina Perez, Sarah Royce-Greensill and Nonita Kalra.
The report identifies three main trends to embody the philosophy of great styles and being unafraid to be seen this year while staying rooted in sustainable slow fashion. The report says that this year, the designs that are headlining the ensemble are — Boisterous Earrings and Chokers, Diamonds with Gemstones, and Modern Solitaire.
The larger-than-life XXL Earrings & Chokers, glittering with natural diamonds, are a diamond lover’s dream. A more substantial take on traditional jewelry, they, quite literally, offer accessories and style statements.
The second trend, Diamonds with Gemstones, embraces the playful side of natural diamonds by complimenting them with colorful gemstones.
Modern Solitaire is a contemporary take on the classic, representing the entire theme of maximalism through the ‘power of one’ with large glistening jewels that allow the wearer to go all out. Commanding attention as the light hits them, these solitaires have what it takes to be the life of the party.
Richa Singh, Managing Director of Natural Diamond Council India & The Middle East, said, “Our 2023 jewelry trend report celebrates the rising desire to be your unique self and live in the now. Trends, by their inherent nature, are dichotomous and cyclical, but what remains constant is our love for jewelry. Under the umbrella of living maximal, natural diamond jewelry helps consumers find a physical expression of their individuality. The third edition of our jewelry trend report combines Avant-Garde, color, and larger-than-life pieces that make you feel special. This report reflects the current consumer outlook and is a product of some of the best minds in design and fashion. It gives key insights into the world of diamond jewelry and its evolution as a symbol of slow fashion over time and generations.”
The Natural Diamond Council (NDC) inspires and informs consumers about the incredible world of natural diamonds through its Only Natural Diamonds platform. The platform is the authoritative publisher of all things natural diamonds, including celebrities and pop culture, epic diamonds and jewelry trends, engagements and weddings, and diamond buying guides.
Natural Diamond Council (NDC) is a global organization mainly operating in the US, China, India, and Europe.
Source: Natural Diamond Council
|GlobalGiants.Com|
Natural Diamond Council presents Jewellery Trend Report 2023
Edited & Posted by the Editor | 10:57 AM | View the original post
