First News
Volume:7, Number:38
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Business & Finance 3

IMF Chief Warns G20 to Avoid ‘Self-inflicted’ Wounds

IMF chief Christine Lagarde on March 14 warned the world’s largest economies to avoid damaging the incipient global recovery with policies that would derail trade and immigration. She said in a message to the Group of 20 finance ministers ahead of their meeting last week, that it would be a mistake to assume that it will automatically return to good health. The message seemed targeted primarily at US president Donald Trump, who in his first days in office has imposed controversial immigration restrictions, and threatened unilateral trade sanctions against the closest US trading partners, as well as slamming multilateral trade deals and organizations. The IMF in January forecast a Head of Google Europe Apologizes for Ads on Extremist Content Google’s head of Europe, the Middle East and Africa, Matt Brittin, has publicly apologized after online adverts for major brands appeared next to extremist material, but declined to say whether the company would begin actively seeking out such content and taking action against it. Brittin told the Advertising Week Europe conference in London on March 20 that he wanted to start by saying sorry to the brands affected by this. He said he took the issue very seriously and apologized in the instances where that may have happened. A slew of big-name companies, advertising firms, and government departments have either pulled their adverts from Google and its YouTube video site, or pickup in global growth to 3.4 percent this year and 3.6 percent in 2018, compared to 3.1 percent last year. This is partly due to expectations of more growth-friendly policies in the United States, as well as better outlook for the euro area, the United Kingdom, and Japan.

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