The world faces a "dark future" if it fails to tackle climate change and inequality, the IMF managing director Christine Lagarde warned on Tuesday.
"If we don't address these issues ... we will be moving to a dark future" in 50 years, she told the Future Investment Initiative summit in Riyadh.
On climate change, Ms Lagarde said that "we will be toasted, roasted and grilled" if the world fails to take "critical decisions" on the issue.
In 2015, around 195 nations signed the Paris climate agreement which set measures to reduce greenhouse gas emissions to prevent temperatures rising by more than two degrees in around 50 years.
But the US president Donald Trump announced in June the start of a three-year process to pull out of the pact, arguing that it would put the US at an economic disadvantage.
His move faced fierce criticism from world leaders and activists, with the former UN secretary general Ban Ki-moon accusing Mr Trump of "standing on the wrong side of history".
Ms Lagarde also called for tackling inequality between men and women and countries that are "haves" and those that are "have nots".
If the world wants a future that "looks like utopia and not dystopia", it needs to address such concerns, Ms Lagarde said.
She predicted that in 50 years' time, oil will be a secondary commodity.
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
Company%C2%A0profile
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The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Company%20Profile
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NO OTHER LAND
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Stars: Basel Adra, Yuval Abraham
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The biog
Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."
Favourite author: Malcom Gladwell
Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."
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Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
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Investment raised: $4 million
A MINECRAFT MOVIE
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Starring: Jack Black, Jennifer Coolidge, Jason Momoa
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
THE%20SWIMMERS
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Power: 402bhp
Torque: 760Nm
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
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