World leaders head to Davos as uncertainty darkens the global outlook

A demonstrator holds a 'Stop The Shutdown' sign during a rally with union members and federal employees to end the partial government shutdown outside the White House in Washington, D.C.

Andrew Harrer | Bloomberg | Getty Images
A demonstrator holds a ‘Stop The Shutdown’ sign during a rally with union members and federal employees to end the partial government shutdown outside the White House in Washington, D.C.

As a legion of heads of state and business leaders head to Davos for the annual World Economic Forum (WEF) next week, world affairs are as unpredictable and unstable as ever.

In the 12 months since the last forum, global trade relations and diplomacy as well as domestic politics have been fractious, to say the least.

Since President Donald Trump first announced tariffs on a selection of Chinese imports last January, the U.S. and China have gone on to impose tariffs of $250 billion and $110 billion on each other’s goods, respectively. Washington is currently witnessing its longest ever shutdown because of an impasse over funding for a border wall and Brexit remains as chaotic and unclear as ever just weeks before the U.K.’s departure from the EU.

The forum released a “Global Risks” report Wednesday in which it noted that “global risks are intensifying but the collective will to tackle them appears to be lacking.”

In continental Europe over the last year, we’ve seen a populist government take charge in one of Europe’s major economies, Italy, and a demise of mainstream politicians that could lead to a power vacuum — and moral crisis — in the region.

Rise of populism and protectionism risking multilateral relations, analyst says

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German Chancellor Angela Merkel announced in October that she is to retire from politics and her party continues to cede voters to the left and right, meanwhile an increasingly unpopular French President Emmanuel Macron is dealing with ongoing and often violent protests on the streets of Paris.

John Drzik, president of Global Risk and Digital at risk management firm Marsh, told CNBC that cybercrime, critical infrastructure and environmental threats, as well as changes in geopolitics, are among the biggest risks facing the world right now.

“The rise of nationalist agendas around the world is creating friction among states as well as weakening multilateral institutions,” he told CNBC’s Joumanna Bercetche.

“It’s not just in the U.S., here in the U.K. you have Brexit, but in Brazil, Italy, Austria and Hungary there are lots of populist political figures who are getting elected and changing the agenda to be more protectionist and more nationalist and, as a result, weakening the multilateral bonds that were there and that’s expected to continue into 2019.”

The global economy is not looking too great either as trade concerns continue to concern business and rattle financial markets.

The International Monetary Fund (IMF) cited trade tensions when it downgraded its global growth forecast for 2019 last October. The IMF expects global growth of 3.7 percent in 2019, down 0.2 percentage points from an earlier forecast in its World Economic Outlook report.

The World Bank, meanwhile, sees global growth at 2.9 percent in 2019 amid tightening financial conditions. The European Commission is also downbeat about the region’s growth, forecasting a lackluster 2 percent growth in the EU in 2019.

Globalization 4.0

Against this backdrop, there’s plenty to talk about at this year’s Davos then when the heads and officials of over 100 governments meet, as well as top executives from over 1,000 global companies. Designed to foster private and public cooperation, the forum’s main objective is “to improve the state of the world.” This year’s theme is focused on “Globalization 4.0.”

WEF’s founder Klaus Schwab said in November that the world is experiencing “an economic and political upheaval that will not cease any time soon” adding in a WEF editorial that “the forces of the Fourth Industrial Revolution have ushered in a new economy and a new form of globalization.”

Schwab said that a slow and uneven recovery since the global financial crisis meant “a substantial part of society has become disaffected and embittered, not only with politics and politicians, but also with globalization and the entire economic system it underpins.”

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He said populist discourse had confused globalization, which has been seen to have negative connotations in some populist narratives, with globalism.

“Globalization is a phenomenon driven by technology and the movement of ideas, people, and goods. Globalism is an ideology that prioritizes the neoliberal global order over national interests. Nobody can deny that we are living in a globalized world. But whether all of our policies should be ‘globalist’ is highly debatable.”

Put simply, Schwab said the challenge for global leaders is “to restore sovereignty in a world that requires cooperation.” He advised that rather than closing off economies through protectionism and nationalist
politics, a new social compact is needed between citizens and their leaders, so that everyone feels secure enough at home to remain open to the world at large.”

“Failing that, the ongoing disintegration of our social fabric could ultimately lead to the collapse of democracy,” he said.

[“source=cnbc”]

Ramakrishnan Hariharan joins Publicis India as creative head

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2018/03/07/ramakrishnan.jpg?itok=7B3PImru

MUMBAI: Publicis India has strengthened its creative function with the appointment of Ramakrishnan Hariharan as the head of creative. Ram, as he is fondly known by his peers, will be based out of Mumbai and will report to Publicis India MD and CCO – South Asia Bobby Pawar.

As the creative head of Mumbai, Ram will manage and lend his creative know-how on some notable brands of the agency including Zee, Lakme, HDFC MF, Skoda, Citibank, etc. He will work closely with the teams and the leadership and assist in carving out a unique creative identity for the brands that he will manage.

Commenting on the appointment, Bobby Pawar says, “Creatively, the Mumbai office has been on a roll for a while, with great work on Ambuja Cement, Nerolac, HDFC Mutual Funds, Skoda, Zee and more. Ram comes to bat at the right time. He is not just a great creative guy who is adept at traditional and non-traditional ideas, he is also the kind of leader people rally behind. I am sure he will help us raise our game a few notches.”

Ram joins Publicis from Ogilvy India where he was the senior creative director.

A creative veteran with an enviable experience spanning more than 18 years, Ram has been associated with some key brands across multiple agencies in India. His most notable works include launch of Savlon antiseptic range and JSW Cement, campaigns for Amazon devices including Kindle and FireTV Stick, Taj Mahal Tea, etc. Prior to Ogilvy, Ram has also been associated with Lowe Lintas, Everest Brand Solutions, Leo Burnett, Vyas Gianetti Creative etc.

Welcoming Ram on board, Publicis India managing director Srija Chatterjee adds, “Ram has been the face behind some memorable campaigns in the recent past, and it will be great to see him bring that creative spark across most of our work at Publicis. We are certain that under his leadership, the teams will imbibe a great creative culture and churn out an enviable body of work that will end up winning multiple laurels. We welcome him to the agency and look forward to seeing some great work from him soon.”

Sharing his views on joining the agency, Ram said says, “Publicis has done some outstanding work in the past and is truly geared for more success. Bobby is like a mentor to me, and I am fortunate to work closely with him in shaping up the creative culture here. We have clients who believe in us and a robust brand-planning and account-management team driving those businesses. What more can a creative person ask for.”

Ram is no stranger to awards and many of his works have gone on to win top honours across prominent award shows. He has been the recipient of many awards across festivals like Abby Awards, Clio Awards, Cannes Lions, Adfest, Goafest, Kyoorius Awards, Effie India, D&AD, One Show, Spikes Asia etc.

[“Source-indiantelevision”]

Ramakrishnan Hariharan joins Publicis India as Head of Creative

Previously, Hariharan worked with Ogilvy India as senior creative director

In a recent announcement, Publicis India has appointed Ramakrishnan Hariharan as head of creative. Ram, as he is fondly known by his peers, will be based out of Mumbai and will report to Bobby Pawar, MD and CCO – South Asia, Publicis India.

Bobby Pawar & DOUBLE & # title=Bobby Pawar

As the creative head of Mumbai, Ram will manage and lend his creative know-how on some notable brands of the agency including Zee, Lakme, HDFC MF, Skoda, Citibank, etc. He will work closely with the teams and the leadership and assist in carving out a unique creative identity for the brands that he will manage.

Ram joins Publicis from Ogilvy India where he was the senior creative director.

A creative veteran with an enviable experience spanning more than 18 years, Ram has been associated with some key brands across multiple agencies in India. His most notable works include launch of Savlon antiseptic range and JSW Cement, campaigns for Amazon devices including Kindle and FireTV Stick, Taj Mahal Tea, etc. Prior to Ogilvy, Ram has also been associated with Lowe Lintas, Everest Brand Solutions, Leo Burnett, Vyas Gianetti Creative etc.

Commenting on the appointment, Pawar, says in a press release, “Creatively, the Mumbai office has been on a roll for a while, with great work on Ambuja Cement, Nerolac, HDFC Mutual Funds, Skoda, Zee and more. Ram comes to bat at the right time. He is not just a great creative guy who is adept at traditional and non-traditional ideas, he is also the kind of leader people rally behind. I am sure he will help us raise our game a few notches.”

Srija Chatterjee & DOUBLE & # title=Srija Chatterjee

Welcoming Ram on board, Srija Chatterjee, managing director, Publicis India, says in a press release, “Ram has been the face behind some memorable campaigns in the recent past, and it will be great to see him bring that creative spark across most of our work at Publicis. We are certain that under his leadership, the teams will imbibe a great creative culture and churn out an enviable body of work that will end up winning multiple laurels. We welcome him to the agency and look forward to seeing some great work from him soon.”

Sharing his views on joining the agency, Ram, says in a press release, “Publicis has done some outstanding work in the past and is truly geared for more success. Bobby is like a mentor to me, and I am fortunate to work closely with him in shaping up the creative culture here. We have clients who believe in us and a robust brand-planning and account-management team driving those businesses. What more can a creative person ask for.”

Ram is no stranger to awards and many of his works have gone on to win top honours across prominent award shows. He has been the recipient of many awards across festivals like Abby Awards, Clio Awards, Cannes Lions, Adfest, Goafest, Kyoorius Awards, Effie India, D&AD, One Show, Spikes Asia etc.

Apart from donning the creative hat, Ram is also an avid music producer and goes by the name – VUCA. He’s also had a successful stint as a punk rock band artist while in college and loves to explore nature trails when free.

[“Source-livemint”]

Spotify’s Head of Original Video and Podcasts, Tom Calderone, Departs

Spotify's Head of Original Video and Podcasts, Tom Calderone, Departs

HIGHLIGHTS

  • Spotify will focus its video efforts around Rap Caviar
  • Music industry executives would like Spotify’s video efforts to focus on
  • Spotify has over 60 million paying subscribers

Spotify is parting ways with Tom Calderone, the head of original video and podcasts, after the music-streaming company’s initial round of programs failed to catch on with audiences.

The online pioneer confirmed Calderone’s departure in an email Thursday. Spotify will focus its video efforts around Rap Caviar, the service’s most popular playlist, Rock This and other features, a spokesman said.

With the move, Spotify is narrowing its video ambitions. Calderone, the former head of cable network VH1, commissioned a dozen series from producers including Tim Robbins and Russell Simmons. He also oversaw podcasts, an area of growing importance at the world’s largest paid music service. Now the company is making clearer that it wants videos on the service to stay closer to the music industry.

While Spotify has known for some time it wants to offer more programming beyond music, the company has struggled to settle on a strategy.

Before YouTube, Hulu or Sony introduced online TV services, Spotify tried to assemble a bundle of TV channels for a live video service in Europe. The company abandoned those plans after failing to line up all the channels it wanted for the right price, according to a person familiar with the matter.

Spotify also licensed short-form videos from Vice Media Inc., Viacom’s Comedy Central and Walt Disney Co.’s ESPN in 2015. Then in 2016, the company hired Calderone to oversee an in-house studio. He led Viacom’s VH1 during its heyday and quickly ordered shows including Simmons’s “Traffic Jams,” where musicians composed a song while stuck in traffic and performed the it on reaching their destination.

Despite those efforts, video never been featured prominently within Spotify, a source of frustration for many partners. No series has broken out.

Music industry executives would like Spotify’s video efforts to focus on music. That would bring more attention to their artists and new releases, and not divert royalty-generating listeners to other content. Thanks to Spotify, the music business is growing for the first time in almost two decades and record labels aren’t especially keen to see the company diversify into other forms of entertainment.

And of late, Spotify has tested seeding playlists with music videos and short documentaries, including Rap Caviar.

While Spotify is still formulating a video strategy, its investment in podcasting continues to grow. The company has purchased advertising in popular shows Reply All and The Bill Simmons Podcast, and plans to announce a new slate of original podcasts soon.

The company is planning to go public later this year or early next, and just reached a new long-term deal with Warner Music Group, the third-largest record label.

With more than 60 million paying subscribers for the music service, Spotify has commissioned non-music content to increase the amount of time users spend with the app and keep them from leaving to watch video on YouTube or Facebook. Non-music programming also benefits the company by reducing the share of sales it must hand over to music rights holders.

[“Source-gadgets.ndtv”]