Latest news with #Queens'College
Egypt Independent
26-05-2025
- Business
- Egypt Independent
Egyptian-American economist Mohamed al-Erian to run for University of Cambridge Chancellor
The Chief Economic Advisor at Allianz and President of Queens' College at the University of Cambridge, Egyptian-American Mohamed al-Erian, has formally announced his candidacy for Chancellor of the University of Cambridge – one of the most prestigious academic honors in the UK. Erian's career has a rich history that combines academic and economic work. He served for years as Chief Economic Advisor at Allianz Insurance and Investments. He also serves as President of Queens' College, one of the most prestigious colleges affiliated with the University of Cambridge, giving his candidacy significant academic and institutional weight. The remaining potential candidates have yet to be announced, but Erian's announcement reflects a desire to strengthen the presence of figures with international backgrounds in the leadership of British educational institutions. These elections are expected to be closely watched by those interested in academic and economic affairs alike.
CairoScene
21-05-2025
- Business
- CairoScene
Egyptian Economist Nominated for Cambridge University Chancellor
Mohamed El-Erian, President of Queens' College, announces candidacy for Chancellor of Cambridge University. May 21, 2025 Mohamed El-Erian, an Egyptian-American economist and President of Queens' College at Cambridge University, has officially announced his candidacy for the position of Chancellor at Cambridge University. This role, held for a ten-year term, is a significant leadership position within the university. El-Erian, who has served as President of Queens' College for the past five years, has a longstanding relationship with Cambridge, having earned his undergraduate degree in economics from Queens' College and being awarded an honorary fellowship in 2013. He has contributed to various university committees and co-chaired the university's major fundraising campaign, Collegiate Cambridge, alongside Sir Harvey McGrath. His philanthropic efforts have significantly impacted the college and university, funding scholarships, research initiatives, fellowships, and the establishment of the Institute for Human Behavior and Economic Policy. El-Erian received over 250 nominations for the chancellorship, surpassing the required number and reflecting broad support from alumni and university members.
India Today
08-05-2025
- Business
- India Today
DeepMind CEO shares career advice with students: AI is here, focus on how to learn and not on hard skills
Artificial intelligence (AI) is becoming a key part of our lives. So much so that, increasingly, there is a conversation around the jobs and work that people do. There is a real chance that many of the careers that humans currently aspire to or craft may not even exist in the AI-powered world. So, what is the future of work, jobs and how should students currently in colleges and schools prepare for AI? DeepMind CEO Demis Hassabis has a suggestion. His advice to students: You must focus on learning how to a recent discussion at Queens' College, Cambridge, Hassabis offered candid advice to students who will be navigating potential careers in the tech sector. 'For the next five to ten years, there is going to be an incredible amount of disruption and change due to technology —especially AI, but also VR, AR, quantum computing — all of these things are looking like they're going to be promising,' says deal with these changes Hassabis suggests that students should focus on learning how to deal with information and acquire new skills quickly. To embrace and adapt to technological changes, Hassabis urges students to use their undergraduate years wisely, prioritising self-discovery and, critically, mastering the art of learning itself. 'It's important to use the time you have as an undergraduate to understand yourself better and learn how to learn,' he This capability, he suggested, is more durable and valuable than specific hard skills, which may quickly become outdated in the face of technological advancement, as AI is already capable of handling hard Hassabis advised students to use their university years not only to gain foundational knowledge but also to explore emerging fields in their own time. 'Learn the basics through your formal education, but experiment in your spare time so you're up to date when you graduate,' he says that it is not all doom and gloom. 'Any time there's disruption and change, there's also a huge opportunity. We entered a period like that in the 1990s, with the internet, mobile, and gaming. I think we're in another of those eras, which is exciting, but you've got to be very nimble and embrace the new technologies that are coming down the line,' he whose work at DeepMind earned him Nobel Prize in Chemistry in 2024, also spoke about AI's potential for scientific discovery. 'I think we're about to enter a new golden age of discovery, helped by AI tools — AlphaFold is the best example of that so far. I hope we look back in 10 years and it will be the first of many examples of tools that change areas of science and accelerate it massively,' he said.
Yahoo
17-04-2025
- Business
- Yahoo
The 'hard' tariff-era data has started to arrive: Morning Brief
The first bit of hard tariff data just arrived, but not in the way you may have expected. Retail sales rose 1.4% in March, according to new Census Bureau data out Wednesday, posting the best reading in over two years. At first glance, the numbers reinforce the concept of the resilient American consumer, shelling out and swiping through concerns mounting over heightened tariff costs and a slowing economy. Taken this way, the data appears to rebut or at least complicate the growing pessimism captured in surveys of what's in store for the American economy. As Mohamed El-Erian, president of Queens' College, Cambridge, observed on Wednesday, 'the stark contrast between US 'soft' and 'hard' data continues.' He added, 'While the survey numbers continue to flash a loud yellow, activity data continues to flash green.' By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy That may be true, but there's a compelling argument for viewing it in a different way. Rather than conflicting with the seemingly negative economic vibes, what if a surge in spending actually confirms them? If consumers, as the flood of pessimistic survey data suggests, are worried about a more expensive, less fruitful future, wouldn't we expect that they attempt to get ahead of the tariffs, placing big ticket purchases while they shop in a figurative 'sale' period before the true cost of the levies kick in? This was generally the mainstream reading on Wednesday, which jibed with a big boom in Chinese exports in March. "The strong rebound in retail sales in March was boosted by a surge in auto sales and a more general front-loading of consumer spending ahead of tariffs," Oxford Economics deputy chief US economist Michael Pearce wrote in a note on Wednesday. In this view, the resilient consumer isn't bucking the collective mood but reacting to it. A glass-half-full reading is that this is the last hurrah before the big storm rolls in. Read more: 7 ways to recession-proof your savings Last week's consumer sentiment data fell further, showing attitudes hitting their lowest level since June 2022. People reported souring expectations for business conditions, personal finances, inflation, and the labor market. But if we were to put that all aside as a kind of tariff-inspired panic, or at least withhold judgment, what are the data points to watch going forward? Top of mind for investors will be the Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, which is scheduled for release on April 30. That same day will bring an advance estimate of the nation's Q1 GDP. Concern over the growth impacts tariffs may have on GDP sparked headlines last month, as unofficial forecast models began charting significant negative growth. In May, investors will receive another set of inflation data in the form of the prior month's Consumer Price Index (CPI), as well as April's jobs report, scheduled for May 2. By then, the market will get at least a slightly fuller picture of where things stand. And on May 15, the next retail sales data will drop, bookending this batch of hard data. Alongside the coming metrics is the Fed's next policy meeting, in about three weeks' time. On Wednesday, during a Chicago speech, Fed Chair Jerome Powell said the central bank will "wait for greater clarity" before considering any interest rate changes, as he expects the tariffs to generate "higher inflation and slower growth." For now, investors are left to wrestle with backward looking figures that haven't captured the present and unpleasant surveys that anticipate a dismal future. It's possible the retail numbers are the last good data we'll see for a while. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
The 'hard' tariff-era data has started to arrive: Morning Brief
The first bit of hard tariff data just arrived, but not in the way you may have expected. Retail sales rose 1.4% in March, according to new Census Bureau data out Wednesday, posting the best reading in over two years. At first glance, the numbers reinforce the concept of the resilient American consumer, shelling out and swiping through concerns mounting over heightened tariff costs and a slowing economy. Taken this way, the data appears to rebut or at least complicate the growing pessimism captured in surveys of what's in store for the American economy. As Mohamed El-Erian, president of Queens' College, Cambridge, observed on Wednesday, 'the stark contrast between US 'soft' and 'hard' data continues.' He added, 'While the survey numbers continue to flash a loud yellow, activity data continues to flash green.' By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy That may be true, but there's a compelling argument for viewing it in a different way. Rather than conflicting with the seemingly negative economic vibes, what if a surge in spending actually confirms them? If consumers, as the flood of pessimistic survey data suggests, are worried about a more expensive, less fruitful future, wouldn't we expect that they attempt to get ahead of the tariffs, placing big ticket purchases while they shop in a figurative 'sale' period before the true cost of the levies kick in? This was generally the mainstream reading on Wednesday, which jibed with a big boom in Chinese exports in March. "The strong rebound in retail sales in March was boosted by a surge in auto sales and a more general front-loading of consumer spending ahead of tariffs," Oxford Economics deputy chief US economist Michael Pearce wrote in a note on Wednesday. In this view, the resilient consumer isn't bucking the collective mood but reacting to it. A glass-half-full reading is that this is the last hurrah before the big storm rolls in. Read more: 7 ways to recession-proof your savings Last week's consumer sentiment data fell further, showing attitudes hitting their lowest level since June 2022. People reported souring expectations for business conditions, personal finances, inflation, and the labor market. But if we were to put that all aside as a kind of tariff-inspired panic, or at least withhold judgment, what are the data points to watch going forward? Top of mind for investors will be the Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, which is scheduled for release on April 30. That same day will bring an advance estimate of the nation's Q1 GDP. Concern over the growth impacts tariffs may have on GDP sparked headlines last month, as unofficial forecast models began charting significant negative growth. In May, investors will receive another set of inflation data in the form of the prior month's Consumer Price Index (CPI), as well as April's jobs report, scheduled for May 2. By then, the market will get at least a slightly fuller picture of where things stand. And on May 15, the next retail sales data will drop, bookending this batch of hard data. Alongside the coming metrics is the Fed's next policy meeting, in about three weeks' time. On Wednesday, during a Chicago speech, Fed Chair Jerome Powell said the central bank will "wait for greater clarity" before considering any interest rate changes, as he expects the tariffs to generate "higher inflation and slower growth." For now, investors are left to wrestle with backward looking figures that haven't captured the present and unpleasant surveys that anticipate a dismal future. It's possible the retail numbers are the last good data we'll see for a while. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Sign in to access your portfolio
