Bloomberg and Misk foundation extend financial journalism training program

Updated 13 June 2018
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Bloomberg and Misk foundation extend financial journalism training program

  • First round attracted 30 Saudi journalists
  • Bloomberg and Misk signed initial agreement in November 2016

Bloomberg has announced the second round of its five-day financial journalism training programs for young Saudis, in conjunction with the Kingdom’s Misk foundation.
The initiative aims to advance financial education and journalism in the country through training conducted by Matthew Winkler, editor-in-chief emeritus of Bloomberg News, and more than 20 of the newswire’s journalists and analysts.
Misk is accepting applications for the initiative from top-performing male and female undergraduate, recently graduated and graduate students from Saudi Arabia. The course will take place in Bloomberg’s newsroom in Dubai from September 9—13.
The first program, held in January, saw a total of 30 aspiring Saudi journalists take part — 22 women and 8 men — with majors ranging from journalism and marketing to finance.
The program follows the signing of an agreement between Bloomberg and the Misk Foundation in November 2016 to explore a number of joint initiatives.
The collaboration sees Bloomberg develop and deliver cross-disciplinary education and training programs focused on business, economics, finance and journalism to enhance the skills and knowledge of young finance and media professionals in the Kingdom of Saudi Arabia.  
Bloomberg and Misk signed a separate agreement in March to create financial training programs and finance labs at 30 Saudi Arabian universities, and equip 250 Saudi Arabian companies with market trainings, tools and resources.


OECD warns of global economic slowdown

Updated 21 November 2018
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OECD warns of global economic slowdown

  • ‘We urge policy-makers to help restore confidence in the international rules-based trading system’
  • Trade tensions have already shaved 0.1-0.2 percentage points off global GDP this year

PARIS: The global economy has peaked and faces a slowdown driven by international trade tensions and tighter monetary conditions, the Organization for Economic Cooperation and Development warned Wednesday.
The OECD, which groups the top developed economies, said it had trimmed its growth forecast for 2019 to 3.5 percent from the previous 3.7 percent.
The 2018 estimate was left unchanged at 3.7 percent.
For 2020, the global economy should grow 3.5 percent, it said in its latest Economic Outlook report.
“The shakier outlook in 2019 reflects deteriorating prospects, principally in emerging markets such as Turkey, Argentina and Brazil,” it said.
“The further slowdown in 2020 is more a reflection of developments in advanced economies as slower trade and lower fiscal and monetary support take their toll.”
OECD chief Angel Gurria highlighted problems caused by trade conflicts and political uncertainty — an apparent reference to US President Donald Trump’s stand-off with China which has roiled the markets.
“We urge policy-makers to help restore confidence in the international rules-based trading system,” Gurria said in a statement.
Trade tensions have already shaved 0.1-0.2 percentage points off global GDP this year, the Economic Outlook report said.
If Washington were to hike tariffs to 25 percent on all Chinese imports — as Trump has threatened to do — world economic growth could fall to close to three percent in 2020.
Growth rates would drop by an estimated 0.8 percent in the US and by 0.6 percent in China, it added.
For the moment, the OECD puts US economic growth at 2.9 percent this year and 2.7 percent in 2019, unchanged from previous estimates, but trimmed China by 0.1 percentage point each to 6.6 percent and 6.3 percent.
It warned that “a much sharper slowdown in Chinese growth would damage global growth significantly, particularly if it were to hit financial market confidence.”
Laurence Boone, OECD Chief Economist, said “There are few indications at present that the slowdown will be more severe than projected. But the risks are high enough to raise the alarm and prepare for any storms ahead.”