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
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A shelter is seen at the Thomas Dixon Aircraft Observation Area as a Southwest Airlines flight from Jacksonville, Fla., makes its landing approach onto Baltimore-Washington International Thurgood Marshall Airport, Monday, Nov. 23, 2020, in Glen Burnie, Md. With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world's airlines is getting worse. The International Air Transport Association said Tuesday that around the world, airlines will lose more than $157 billion this year and next.
Financial Outlook for Airlines Dims
Airlines will lose more than $157 billion over this year and next.
Nov 25th, 2020
A worker from Top Glove walks outside Top Glove factory in Shah Alam, Malaysia, Wednesday, Nov. 25, 2020. Malaysia's Top Glove Corp., the world's largest maker of rubber gloves, says it expects a two to four-week delay in deliveries after more than 2,000 workers at its factories were infected by the coronavirus, raising the possibility of supply disruptions during the pandemic.
Top Glove Says Outbreak Among Workers May Push Prices Up
The company has shuttered 20 of its factories since nearly 3,000 workers have tested positive.
Nov 25th, 2020
RadioShack store in Dallas, Feb. 3, 2015.
RadioShack Gets Another Shot Online
The century-old electronics retail fixture has been pulled back from the brink — again.
Nov 25th, 2020
A Boing 737 MAX 9 airplane performs a demonstration flight at the Paris Air Show.
European Regulator Moves to Clear Boeing 737 for Flight
The plane could be flying European skies in a matter of weeks.
Nov 24th, 2020
Taiwan's President Tsai Ing-wen touches a ceremonial orb to inaugurate the production of domestically-made submarines at CSBC Corp's shipyards, Kaohsiung, Nov. 24, 2020.
Taiwan Launches Submarine Production
Taiwan turned to building its own subs after China successfully blocked purchases from abroad.
Nov 24th, 2020
A Qantas Airbus A380.
Vaccinations May Soon Be Required for International Flyers
Australia's largest airline says it will require a vaccine for traveling in and out of the country.
Nov 24th, 2020
China' Foreign Minister Wang Yi, left, and his Japanese counterpart Toshimitsu Motegi participate in a press briefing in Tokyo on Tuesday, Nov. 24, 2020. Wang met Motegi on Tuesday to discuss ways to revive their pandemic-hit economies as well as regional concerns over China’s growing influence.
China, Japan to Cooperate in Reviving Virus-Hit Economies
They agreed to work together on climate change, energy conservation, healthcare and digital commerce.
Nov 24th, 2020
In this July 16, 2019 file photo, General Motors Chairman and Chief Executive Officer Mary Barra speaks during the opening of their contract talks with the United Auto Workers in Detroit. General Motors says it will no longer support the Trump administration in legal efforts to end California's right to set its own clean-air standards. Barra said in a letter Monday, Nov. 23, 2020 to environmental groups that GM will pull out of the lawsuit, and it urges other automakers to do so.
GM Ditches Trump in Regulatory Fight
The automaker is withdrawing from the Trump administration's lawsuit against California, and urged other car companies to do the same.
Nov 23rd, 2020
I Stock 866894586 (1)
Danone Will Cut Up To 2,000 Jobs in New $1.2B Savings Plan
Danone's "Local First" plan includes trimming 1,500 to 2,000 jobs as part of a 20 percent cut in operational costs.
Nov 23rd, 2020
Chocolatetn
Ferrero to Build $75M Chocolate Factory in Illinois
It will be Ferrero's first chocolate production plant in North America.
Nov 23rd, 2020
In this file photo dated Thursday, Nov. 12, 2020, European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier, centre, leaves the Conference Centre in London with unidentified members of his team. The Brexit trade negotiations have been suspended Thursday Nov. 19, 2020, at a crucial stage because an EU negotiator has tested positive for the coronavirus and EU chief negotiator Michel Barnier said that “we have decided to suspend the negotiations at our level for a short period.”
EU, UK Still Have 'Fundamental' Differences on Trade Talks
Both sides hope to get a trade deal in time to protect hundreds of thousands of jobs that could be affected.
Nov 23rd, 2020
People hold a pig model with a slogan 'Betraying pig farmers' during a protest in Taipei, Taiwan on Sunday, Nov. 22.
Thousands in Taiwan Protest US Pork Imports
Alleging food safety issues, the protests decried ending Taiwan's long-standing ban on US pork and beef imports that due to be lifted in January.
Nov 23rd, 2020