Lagarde: We Must Make Sure Everyone Benefits From Globalization

IMF managing director Christine Lagarde tells Richard Quest that there are many positive aspects to globalization and that it's raised millions out of poverty.

Jan 24th, 2017

In this Tuesday, Oct. 19, 2021, photo trucks line up next to containers at the Port of Los Angeles in san Pedro, Calif. The Vincent Thomas Bridge suspension bridge, crossing the Los Angeles Harbor links San Pedro with Terminal Island. California Gov. Gavin Newsom on Wednesday, Oct. 20, 2021 issued an order that aims to ease bottlenecks at the ports of Los Angeles and Long Beach that have spilled over into neighborhoods where cargo trucks are clogging residential streets. Last week the White House allowed the ports complex to become a 24-hour operation in an effort to break the logjam and reduce shipping delays.

Ports of LA, Long Beach to Fine Firms over Container Backlog

It's the latest step aimed at relieving the logjam of cargo ships that has interrupted the global supply chain.

Emergency personnel work at the site of an explosion and fire at a gunpowder factory in the Ryazan region of Russia, Oct. 22, 2021.

16 Killed in Gunpowder Factory Blast

The explosion was caused by a failure during the production process.

This photo released by Toyota Motor Corp., shows a hydrogen engine car being refueled during the five-hour-long Super Taikyu Race at Autopolis in Hita, Oita prefecture, southern Japan on July 31, 2021. Toyota said Monday, Oct. 25, 2021 it is testing hydrogen combustion engines in race cars as it works toward using the technology in commercial products.

Toyota Testing Hydrogen Race Cars

The latest hydrogen technology is being tested on a Yaris with a 1.6 liter engine for racing.

This undated photo provided by Walmart and the U.S. Centers for Disease Control and Prevention shows a bottle of Better Homes & Gardens aromatherapy lavender & chamomile essential oil and semiprecious stone-infused room spray. The Consumer Product Safety Commission and Walmart issued a recall Friday, Oct. 22. 2021, for 3,900 bottles of the spray.

Aromatherapy Spray Linked to U.S. Deaths Faces Recall

Four people in different states came down with a serious tropical disease even though none had traveled internationally.

Ships work to control a fire onboard the MV Zim Kingston about 8 kilometers (5 miles) from the shore in Victoria, British Columbia, Canaeda, on Sunday, Oct. 24, 2021. The container ship caught fire on Saturday and 16 crew members were evacuated and brought to Ogden Point Pier.

Fire on Cargo Ship off British Columbia Coast Reported Out

The material inside the containers prevented the ship’s crew from spraying cold water on the fire.

An American flag flown next to the Chinese national emblem during a welcome ceremony, Nov. 9, 2017.

U.S. Warns China Could Dominate Advanced Technologies

A range of advancements could eventually give Beijing a decisive military edge.

Starlab, a commercial low-Earth orbit space station is being planned for use by 2027.

Lockheed, Nanoracks Partner to Develop Commercial Space Station

The continuously crewed Starlab will support research and industrial activity.

VW Plant Producing Fewest Cars Since the '50s

Supply chain issues are the main culprit.

his May 5, 2019 file photo shows Microsoft co-founder Bill Gates in Omaha, Neb. The Bill and Melinda Gates Foundation says it will spend $120 million to boost access to generic versions of drugmaker Merck’s antiviral COVID-19 pill in lower income countries, if the drug gets approved by regulators. The private foundation said in a statement released Wednesday, Oct. 20, 2021 it hasn’t determined how it will allocate the money, but will use the funds to “support the range of activities required to develop and manufacture generic versions” of the drug, molnupiravir.

Gates Foundation to Spend $120M on Access for COVID-19 Pill

It hasn’t determined how it will allocate the money.

The Nuri rocket on its launch pad at the Naro Space Center, Goheung, South Korea, Oct. 20, 2021.

South Korea Launches 1st Domestic Space Rocket

The test reached its desired altitude but failed to deliver a dummy payload into orbit.

Mississippi River along the Mississippi-Arkansas border.

Green Hydrogen Hub to Be U.S.'s Largest

The company said the project will create an easier pathway for industry to move away from fossil fuels.

US Halts Malaysian Disposable Glove Imports over Forced Labor

Customs and Border Protection issued an order to stop any inbound shipments from Supermax Corporation Berhad and three subsidiaries.