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IMF ups global growth forecast but signals medium-term pessimism
The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast over the medium term, according to fresh data published Tuesday. "The global economy continues to display remarkable resilience, with growth holding steady and inflation declining," IMF chief economist Pierre-Olivier Gourinchas told reporters on Tuesday.
Spain's tourism revenue seen hitting new record in 2024
Spain's tourism sector is expected to post record revenues again in 2024, the Exceltur tourism association said Tuesday, adding it was concerned at growing anger in the country against overtourism. "Our concern is to continue to grow tourism in Spain so that it is sustainable and does not generate social revulsion," Zoreda said when asked about the growth of these anti-tourism movements.
Mideast-related oil price spike threatens 'relatively good' economic outlook: IMF chief economist
Mideast-related oil price spike threatens 'relatively good' economic outlook: IMF chief economist
Milan design fair opens with sustainability and David Lynch
One of the world's leading design events, the Salone del Mobile, opened in Milan on Tuesday, marked by sustainability, craftsmanship and two "thinking rooms" from David Lynch. Among the fair's main attractions are two identical "thinking rooms" designed by Lynch, conceived as symbolic doors through which a visitor must pass to become immersed in the exposition.
Meta 'supreme court' takes on cases of deepfake porn
Meta's oversight board said Tuesday it is scrutinizing the social media titan's deepfake porn policies, through the lens of two cases. The board can make recommendations regarding the social media giant's deepfake porn policies but it is up to the tech firm to actually make any changes.
'Go home': Overtourism sparks backlash in Spain
Anti-tourism movements are multiplying in Spain, the world's second most visited country, prompting authorities to try and reconcile the interests of locals and the lucrative sector. - 'Go home' - Similar anti-tourism movements have sprung up elsewhere in Spain and are active on social media.
UK parliament to debate law phasing out smoking
The UK parliament will on Tuesday kick off its first debate on Prime Minister Rishi Sunak's planned legislation to prevent young people from ever smoking, despite opposition from many in his own Conservative Party. "This has the potential to phase out smoking in young people almost completely as early as 2040," the government said when it unveiled the plan, calling the move "historic".
Stellantis boss Tavares defends pay rise ahead of shareholders' vote
Stellantis chief executive Carlos Tavares has defended his 36.5 million euro ($38.75 million) pay package ahead of a vote Tuesday by the car giant's shareholders.
'Bad for business': Gulf states scramble to avert wider war
Gulf states are grappling with the widening Middle East conflict as hostilities between Iran and Israel threaten their security and ambitious plans to reshape their economies. The Gulf countries share an "overall realisation that conflict is bad for business and avoiding conflict comes now almost at any cost", said King's College London Middle East analyst Andreas Krieg.
AFP
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