Latest news with #It
Leaders
4 hours ago
- Business
- Leaders
IMF Boosts Saudi Economic Growth Forecasts for 2025, 2026
The International Monetary Fund (IMF) upgraded Saudi Arabia's 2025 and 2026 economic growth forecasts on Tuesday, as oil price declines proved smaller than initially feared, driving this positive shift. Consequently, the IMF's latest World Economic Outlook Update reflects renewed confidence. The IMF now predicts that Saudi Arabia's economy will expand by 3.6% in 2025, which represents a 0.6 percentage point increase from its previous GDP estimate in April. Among the 30 countries highlighted in the IMF update, only China's forecast saw a larger increase. Additionally, the IMF has revised its oil price forecast for 2025, as It now anticipates that crude prices will decline by approximately 13.9% this year, a slight improvement from the earlier forecast of a 15.5% drop. This adjustment reflects ongoing changes in the global oil market. In June, Saudi Arabia raised its crude production for the second consecutive month, reaching 9.4 million barrels per day after the OPEC+ group of oil exporters began to unwind previous production cuts. Last year, these cuts reduced Saudi output to an average of 9 million barrels per day, the lowest level since 2010. Government Borrowing and Infrastructure Funding With oil accounting for nearly two-thirds of state revenue, lower production and subdued prices prompted the Saudi government to increase borrowing. This funding supports its ambitious infrastructure and diversification programs. Oil prices experienced a temporary rise due to the 12-day conflict between Israel and Iran. However, the IMF report notes that this geopolitics-induced increase has largely receded, shifting focus back to bearish fundamentals. Last October, the IMF projected a 4.6% increase in Saudi GDP for 2025. However, it revised these estimates downward in January and April due to falling oil prices and President Donald Trump's announcement of sweeping tariffs on April 2. Trump has since cut or paused some of these tariffs until 1 August, with tariff on Chinese imports has decreased from 24% to 17%, according to the IMF. These developments led the IMF to raise its global economic forecast to 3% from 2.8%, also increasing its estimate for 2026 to 3.1% from 3%. A sustained decline in the dollar has improved financial conditions in many emerging markets. Despite these higher estimates, the IMF report indicates that annual economic growth levels will remain below 2024's 3.3% and the pre-pandemic average of 3.7%. Risks Remain Elevated IMF Chief Economist Pierre-Olivier Gourinchas stressed Tuesday: 'Tariffs remain historically high, and global policy uncertainty persists.' He added that few nations have finalized comprehensive trade agreements. Consequently, risks to the global economy 'remain firmly to the downside.' The current trade environment, he concluded, 'remains precarious.' As Saudi Arabia navigates these challenges, its economic outlook shows signs of resilience amid global uncertainties. Short link : Post Views: 12
Graziadaily
6 hours ago
- Entertainment
- Graziadaily
This Is The Dôen Blouse All the Celebs Are Wearing This Summer - And It's Still In Stock
Katie Holmes has a talent for making laid-back pieces look quietly elevated and her latest outfit on the set of Happy Hours is a reminder of just how effortless summer outfits can be. Filming alongside Joshua Jackson in New York's Washington Square Park, she wore Dôen's Poppy Traveller top, a relaxed vest with subtle lace and a v-neckline. The styling was classic Holmes: unfussy and grounded. She paired the soft poppy blouse with relaxed jeans, ballet flats (very much back in fashion), and a well-worn Chloé Paddington bag the early 2000s It bag that's having a nostalgic second life. Dôen isn't a flashy label. But it's one that consistently pops up in well-dressed celebrity wardrobes. Taylor Swift was photographed wearing the exact same top back in May while out with Travis Kelce, pairing it with the matching skirt. Holmes' version feels more thrown-on less curated, more lived-in. The brand has long been favoured by the kind of women who know what they like - from Selena Gomez to Kaia Gerber - and it's easy to see the appeal. Dôen blends vintage shapes with an easy femininity that feels soft, not saccharine. Recently film sets have been a style-watching zone (just look at The Devil Wears Prada 2) , and Holmes is giving us off-duty inspiration in real time too. Her take on the Dôen blouse isn't trying too hard. It doesn't need to. It's the kind of piece that works with whatever you've already got - jeans, flats, an old bag and still manages to feel pulled together. Sometimes that's all you need: one really good blouse. 1. Doên Traveller Poppy Field Blouse Renee Washington , Grazia's digital fashion and beauty writer, lives online. With a penchant for wispy lashes and streetwear, she writes about the worlds of fashion and beauty from the viewpoint of the modern fashion girlie.. Main Image Credit: Getty Images
Time of India
8 hours ago
- General
- Time of India
Parents lie too: Psychologist reveals how common parenting fibs can affect children's mental well-being
The Myth of Limitless Possibility The Problem with Painting Selfishness as Evil You Might Also Like: Silent damage: How parental screen time is rewiring young minds and fueling mental chaos? Study reveals Toxic Positivity in a Smile Why 'Doing It Alone' Is Overrated Big Boys Don't Cry Is Honesty Always the Best Policy? You Might Also Like: Is tough love wiser than gentle parenting? New study questions the pampering style popular among Gen Z parents From tales of Santa Claus to promises that everything will be fine, parents often wrap their guidance in comforting half-truths. But are these small lies just harmless traditions—or could they be quietly shaping a child's self-worth, worldview, and future ambitions?Dr. Juli Fraga, a licensed psychologist with nearly 20 years of experience working with parents and children, suggests the latter. In a recent column for CNBC Make It, Fraga shared a list of six common lies that parents often tell their children—fibs that, while rooted in love or tradition, may ultimately do more harm than good. 'Some of these messages are well-intended,' she writes, 'but they don't hold up—and can hurt your child's emotional health, relationships, and even career path.''If you put your mind to it, you can accomplish anything'—it's a mantra plastered across classroom walls and bedtime stories. Yet, Fraga warns that this optimistic overreach can backfire. When kids are told success is guaranteed through effort alone, failure becomes a personal flaw rather than a part of the of promising the moon, parents might try helping children define success more realistically: not in terms of grand achievements, but through courage, growth, and of the most surprising truths Fraga shares is about the lie: 'You can't be selfish.' For generations, children have been taught that selfishness is inherently negative—synonymous with rudeness or arrogance. But the reality, she says, is more such a thing as 'healthy selfishness'—the ability to prioritize one's needs without guilt. Whether it's choosing rest over a playdate or saying no when overwhelmed, teaching kids this distinction can lead to higher self-worth and emotional strength.'You just have to look on the bright side,' is another favorite parental catchphrase meant to soothe emotional distress. But it may unintentionally invalidate a child's real feelings.'Kids should know it's okay not to be okay,' Fraga emphasizes. Teaching emotional literacy means acknowledging sadness, anxiety, and anger—not brushing them aside with forced cheer. Children who are allowed to sit with their feelings, she notes, grow into emotionally resilient the race to raise independent kids, parents sometimes push too far. Telling a child, 'You can do it all by yourself,' may discourage them from seeking help—even when they desperately need than promoting total self-reliance, Fraga encourages parents to strike a balance: foster autonomy, yes, but also let children know that asking for help is a strength, not a weakness.'Big kids don't cry' is a phrase that quietly teaches children to suppress their emotions. But, as Fraga highlights, emotions aren't obstacles—they're 'brilliant messengers.' Denying children the right to express sadness or fear teaches them to bottle up feelings, often leading to issues like perfectionism or emotional detachment in urges parents to welcome those tears. 'Even if your parents didn't welcome your emotions,' she advises, 'you can give your child a different experience.'Another surprising insight? The classic moral lesson—'Honesty is always the best policy'—might need some Fraga maintains that truth-telling is vital, she makes space for the occasional white lie—especially if it spares someone's feelings in harmless situations. Teaching children the difference between hurtful deception and tactful compassion builds stronger, more empathetic the heart of Fraga's message is a gentle call to rethink how we protect children: not through sugar-coated fabrications, but through emotional truth. 'It's never too late to share a new message,' she says. And that message might just be the honest key to helping children thrive—in school, in relationships, and in all, perhaps the most dangerous lies aren't the ones kids tell—but the ones they grow up believing.
Newsweek
15 hours ago
- Entertainment
- Newsweek
TV Drama Shows North Koreans State's Failings for First Time
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A new North Korean television drama has drawn attention for its unusually candid depiction of corruption and deep-rooted social problems inside the secretive communist state. Why It Matters The show's April release marked a rare moment in North Korean media, where television dramas have previously shown the country as an idealized utopia in line with the propaganda of supreme leader Kim Jong Un's regime. The government, led by the Korean Workers' Party, tightly censors media in the country, and watching foreign TV shows can result in lengthy prison camp sentences or even public execution, according to defectors who have fled to South Korea. Newsweek has contacted the North Korean Embassy in China for comment by email. What To Know The 22-episode series, titled "A New Spring in the Paekhak Plain," centers on the struggles of a party secretary who relocates to Paekhak, a remote farming village in North Korea's western Sinchon County. In his efforts to help the struggling community boost its crop yields, the official is confronted with local hardships and widespread corruption not present in past North Korean dramas. Hardship and corruption are major themes throughout the series. The story depicts food insecurity, bribery and officials embezzling grain—showing ordinary people offering bribes for favors and bureaucrats abusing their power. Young people take part in a ball in Pyongyang on July 26, the eve of the 72nd anniversary of the armistice agreement that ended the 1950-1953 Korean War. Young people take part in a ball in Pyongyang on July 26, the eve of the 72nd anniversary of the armistice agreement that ended the 1950-1953 Korean War. Kyodo via Associated Press Unlike earlier productions, which tied emotional displays to ideological loyalty, the show features romantic subplots with flirtation and heartbreak. Family conflict also appears, as the main character's move creates tension with his wife. The drama even addresses class divides, with one mother paying her son's girlfriend—who hails from a lower social stratum—to end their relationship. Despite these changes, propaganda remains present. Scenes of smartphone use, new homes and abundant food are common, contrasting with the harsh reality faced by most North Koreans. Jeon Young-sun, a North Korean culture researcher at Konkuk University in Seoul, told The Wall Street Journal that the show was "provocative" media reflecting Kim's push for more engaging state content and promises to improve living standards. The series follows severe flooding and landslides along the Yalu River last year that left more than 1,000 people dead or missing and thousands more displaced. What People Are Saying Isaac Stone Fish, the founder and CEO of the research firm Strategy Risks, wrote on X: "For the first time, North Korean viewers can see a North Korean television show featuring some of the awful problems with North Korea. A massive change." Chris Monday, an associate professor at South Korea's Dongseo University, told The Wall Street Journal: "We have never seen Party failings and personal failings depicted so starkly." What Happens Next Analysts have said the show signals a shift in the regime's media strategy. Jeon told The Wall Street Journal that it may reflect Kim's drive to keep citizens watching state television while promising better living conditions.
Vogue Singapore
a day ago
- Entertainment
- Vogue Singapore
How to wear your summer whites, according to these celebrities
@dualipa When summer calls, one colour reigns. All over the internet and your social media feeds, celebrities appear in droves, decked out in this unwavering hue. Between photo dumps of themselves and paparazzi shots of them out and about, you'll see them make this colour the official colour of the season—be it whether it's for an official appearance or simply a day by the beach. Simply put; they don't call it summer whites for no reason. 2025 is no different—the It girls have made it loud and clear. Think Sabrina Carpenter's matching summer sets to Dua Lipa's recent photo dump of her Italian summer sojourn through Palermo with partner Callum Turner (her man kept to the theme in a white polo too!). Earlier during the tennis season, courtside attendees also abided by the player's rules: of Wimbledon whites. Nicole Kidman was the very picture of quiet luxury in menswear suiting from Brunello Cucinelli, Keira Knightley looked effortlessly chic in a breezy Chanel ensemble, and Andrew Garfield and Monica Barbaro hard-launched their relationship, perfectly colour-coordinated. Monica Barbaro and Andrew Garfield making their first official appearance as a couple at the Wimbledon 2025 Championships. Getty To suit the summer mood, babydoll dresses have seen an uptick too. Floral-adorned frocks are a surefire favourite too—as seen on the likes of the lovable Sana of Twice. And if it's swimwear cover-ups you're looking for, Kylie Jenner could give a masterclass in the brief. So they're all serving up inspiration—for every manner of occasion. With a wealth of styling options for wearing your summer whites, we can't help but cop the mood. Below, a celebrity-approved guide to acing the ultimate summer hue. Getty 1 / 34 Sheer solicitations: Rosé Keep it sheer, light and casual with some denim à la Rosé. Courtesy of MyTheresa 2 / 34 Saint Laurent lace-trimmed tank top, $1,330 Available at MyTheresa. Courtesy of Ssense 3 / 34 Gia Studios blouse, $983 Available at Ssense. Courtesy of Net-a-Porter 4 / 34 Acne Studios wide-leg jeans, $673 Available at Net-a-Porter. Getty 5 / 34 Two-piece wonders: Keira Knightley Courtside chic has never looked better. In breezy, easy sets that are polished, yet relaxed. Courtesy of Farfetch 6 / 34 Miu Miu poplin shirt, $2,320 Available at Farfetch. Courtesy of Farfe 7 / 34 The Row trousers, $610 Available at Farfetch. Courtesy of Chanel 8 / 34 Chanel 25 handbag, $8,890 Available at Chanel. @dualipa 9 / 34 Boho drama: Dua Lipa Boho summer is the way to go. Dua Lipa's trick? Chunky, bold accessories. Courtesy of Farfetch 10 / 34 Dôen blouse, $527 Available at Farfetch. Courtesy of Net-a-Porter 11 / 34 Chloé gold-tone necklace, $1,272 Available at Net-a-Porter. Courtesy of Ssense 12 / 34 A.P.C denim shorts, $169 Available at Ssense. @ 13 / 34 Floral frocks: Sana of Twice Sana's a babygirl with her floral mini and a pop of butter yellow—the other hue of the season. Courtesy of Prada 14 / 34 Prada mini dress, $3,200 Available at Prada. Courtesy of Farfetch 15 / 34 Themoirè tote bag, $434 Available at Farfetch. @beccca 16 / 34 Preppy casual: Becky Armstrong Becky Armstrong opts for the all time layering trick: a shirt tied over a casual white tank. Courtesy of Frankie Shop 17 / 34 The Frankie Shop shirt, $243 Available at The Frankie Shop. 18 / 34 Helmut Lang tank top, $121 Available at Farfetch. Courtesy of Everlane 19 / 34 Everlane straight-leg pant, $163 Available at Everlane. 20 / 34 Suit up, darling: Nicole Kidman Mannish suiting, as per Nicole Kidman. From the boardroom to your European summer of your dreams. 21 / 34 Borsalino sun hat, $479 Available at Farfetch. 22 / 34 Brunello Cucinelli cotton blazer, $2,254 Available at The Outnet. 23 / 34 Max Mara trousers, $477 Available at Farfetch. @kyliejenner 24 / 34 Seaside lounging: Kylie Jenner Seaside living on your mind? Kylie Jenner embodies it best with a bubble skirt cover-up and some slip-on thongs. Courtesy of Farfetch 25 / 34 Elisabetta Franchi bodysuit, $413 Available at Farfetch. 26 / 34 Dunst mini skirt, $101 Available at Ssense. Courtesy of Ssense 27 / 34 Aeyde heeled sandals, $559 Available at Ssense. 28 / 34 Maximum impact: Aya Nakamura When in doubt, don the bridal-esque look. Of full white dressing and deliciously flowing fabrics. 29 / 34 Jacquemus sleeveless dress, $1,265 Available at Farfetch. 30 / 34 Khaite maxi dress, $2,882 Available at Ssense. @jenaissante 31 / 34 Linen never fails: Yunjin of Le Sserafim Summer whites could only ever be completed by the season's most reached-for fabric: linen. 32 / 34 Gentle Monster optical glasses, $430 Available at Gentle Monster. Courtesy of Dissh 33 / 34 Dissh linen top, $140 Available at Dissh. 34 / 34 Courrèges tank top, $255 Available at Ssense.
