by admin | May 25, 2021 | World
Ivanka Trump
Washington : Ivanka Trump, US President Donald Trump’s daughter and senior adviser, will help choose the new World Bank President, the White House has said.
Jessica Ditto, a White House spokeswoman, said on Monday that Ivanka Trump was asked because “she’s worked closely with the World Bank’s leadership for the past two years”, The New York Times reported.
Ivanka Trump, who had been rumoured to be a contender for the position herself, will not be a candidate, Ditto said.
But she will assist the Treasury secretary, Steven Mnuchin, and the acting White House Chief of Staff, Mick Mulvaney, in choosing a successor to Jim Yong-kim, the current president of the World Bank who announced his resignation last week.
Administration officials are expected to begin the interview process for the job on Tuesday.
The White House did not provide any names of contenders.
Ivanka Trump, Mnuchin and Mulvaney will make recommendations to the President, who will nominate a candidate for the position. Member countries of the World Bank will then vote on the nominee.
Traditionally, the American President’s pick is accepted and Europe chooses the leader of the International Monetary Fund because both institutions were founded during World War II.
Jim, a former Dartmouth College president and a global health expert, was selected for the post by former President Barack Obama in 2012.
—IANS
by admin | May 25, 2021 | Entrepreneurship, Women Entrepreneur, World
Lima : White House senior adviser Ivanka Trump announced here a new initiative to allocate $150 million in seed money to facilitate access to capital for Latin American female entrepreneurs.
“Today we launched 2X Americas, a new US initiative which will commit $150 million and mobilise a total of $500 million to provide Latin American women with access to capital, jobs and opportunities to prosper,” Efe news quoted Ivanka as saying on Friday at a press conference.
Ivanka, who is in Lima for the eighth Summit of the Americas, said that “like women in so many places around the world, women in Latin America are often challenged to access financial services, facing the largest credit gap globally”.
“2X Americas will empower women in Latin America,” she added.
“And when women are successful, families are successful, communities are successful and countries are successful.”
The initiative is managed by the Overseas Private Investment Corporation (OPIC) – the US government’s development finance institution – which has already committed $1 billion internationally and has decided to create a program specific to Latin America.
The event was also attended by US Acting Secretary of State John Sullivan, who said that every country must ensure that their economy is “a place where women are able to work and prosper.”
Ivanka on Thursday visited the Lima Stock Exchange, as well as a women-owned company dedicated to making organic food products, before attending a dinner with participants of the third CEO Summit of the Americas.
The US will be officially represented at the summit by Vice President Mike Pence.
—IANS
by admin | May 25, 2021 | Business Summit, Entrepreneurship, Events, Social Round-up, Women Entrepreneur
Washington : US President Donald Trump and Prime Minister Narendra Modi in a phone conversation, “expressed satisfaction” over the Global Entrepreneurship Summit (GES) the countries co-hosted in Hyderabad late last month, according to the White House.
The US delegation to the three-day event with the theme, “Women, First Priority for All”, was headed by the President’s daughter and senior advisor, Ivanka Trump, and included representatives from 38 states.
Her participation in the summit was announced during Modi’s visit to the White House in June.
Modi attended the inauguration of the summit with External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitaraman on November 28.
About 1,500 delegates including entrepreneurs, investors and eco-system supporters from 150 nations participated in the event, more than half of them women.
On Thursday, State Department spokesperson Heather Nauert told reporters the summit was “a tremendous success when we bring in 1500 entrepreneurs from around the world”.
—IANS
by admin | May 25, 2021 | Business Summit, Entrepreneurship, Events, News, Women Entrepreneur
Ivanka Trump
Hyderabad : US President Donald Trump’s daughter and his advisor Ivanka Trump on Wednesday called for closing the gender gap in workforce by providing women better access to capital and ensuring better representation in high-value industries.
She underlined the need for more progressive policies to address the stagnation which set in a decade ago in closing the gender gap. She also noted that women dominate those sectors of the economy which are undervalued financially.
Ivanka Trump was speaking at a session on the second day of Global Entrepreneurship Summit (GES) on Wednesday.
The session on ‘We can do it! Innovations in workforce development ad skills training’ had Cherie Blair, Founder, Cherie Blair Foundation for Women; Chanda Kochhar, Managing Director and CEO, ICICI Bank and Karen Quintos, Chief Customer Officer, Dell EMC as other panelists.
Telangana’s Minister for Information Technology, Industries and Commerce K.T. Rama Rao was the moderator.
The speakers were unanimous that women need to be empowered through education, skill development and access to capital.
Ivanka Trump spoke about the inadequate representation of women in higher education fields in the US. Only 13 per cent of engineers and 20 per cent computer science professionals are women.
The White House advisor listed out the steps being taken by the Trump administration to help close the gender gap in fields of Science, Technology, Engineering and Math (STEM). Another initiative encourages successful entrepreneurs to mentor young men and women.
Describing technology as a greater driver of entrepreneurship, she said it was reducing barriers to start business and creating flexibility. “Technology offers tremendous opportunities to women entrepreneurs,” she said.
Cherie Blair said inadequate access to capital is the biggest problem faced by women entrepreneurs. She also stressed the need for giving options to women and the support required in terms of policies and eco-system.
Chanda Kochhar was of the opinion that women should have confidence in their capabilities. She said women do not need special policies but only required to be given an opportunity to prove themselves.
She explained how ICICI Bank is helping the women workers, especially young mothers and those who need to take care of their elderly parents by allowing them to work from home.
Referring to the strides India is making in women empowerment, she said there is no other country in the world where 40 per cent of banking sector is headed by women.
Quintos said while more women were joining the workforce, the numbers were not changing fast. She believes the environment was still conducive to women.
—IANS
by admin | May 25, 2021 | Business Summit, Entrepreneurship, Events, Investing, Social Round-up, Women Entrepreneur
Ivanka Trump
By Mohammed Shafeeq,
Hyderabad : The stage is set for the eighth Global Entrepreneurship Summit (GES), beginning in this tech hub on Tuesday with focus on women entrepreneurs and all eyes on US President Donald Trump’s daughter and advisor Ivanka Trump.
Prime Minister Narendra Modi along with Ivanka Trump will inaugurate the three-day event themed around “Women First, Prosperity for All”.
Being held at the Hyderabad International Convention Centre (HICC) in Hitec City, the Information Technology hub, the event will bring together 1,500 emerging entrepreneurs and investors, and ecosystem supporters from 150 countries for training and mentoring sessions, networking and investment matchmaking.
The US State Department and other American agencies in partnership with NITI Aayog, India’s think tank, are organising GES, which seeks to create an environment that empowers innovators, particularly women, to take their ideas to the next level.
The 2017 event will focus on four innovative, high-growth industries — healthcare and life sciences; digital economy and financial technology; energy and infrastructure and media and entertainment.
The delegates include about 400 each from India and the US and the remaining from rest of the world.
Women will represent 52.5 per cent of the participants, the highest in GES’ history. Afghanistan, Saudi Arabia and Israel are among 10 countries being represented by all-female delegations.
Ivanka Trump, who has been speaking out on the world stage about women empowerment, will be leading the US delegation.
She will speak at the GES inaugural session on Tuesday and another session on Wednesday.
Over 100 innovative start-ups, products, services and processes will be exhibited through a multi-touch interactive wall, sensor-enabled touch screens, rotoscope mural technology and physical displays.
The event consists of breakout sessions, master classes, and workshops. Three networking sessions are also planned to enhance opportunities to interact with other participants.
The prominent speakers include John Chambers, Chairman, USISPF; Cherie Blair, Founder, Cherie Blair Foundation for Women; Prem Watsa, Chairman and CEO, Fairfax Financial Holdings Ltd; Marcus Wallenberg, Chairman, SEB, a Swedish financial group; Chanda Kochhar, Managing Director and CEO, ICICI Bank and Tessy Thomas, Director, Defence Research and Development Organisation (DRDO).
Newly crowned Miss World Manushi Chhillar, actress Sonam Kapoor and Aditi Rao Hydari, tennis star Sania Mirza and captain of Indian women’s cricket team Mithali Raj will add glamour to the event.
GES, a personal initiative of former US President Barack Obama to bring entrepreneurs from across the globe on one platform, made a beginning in 2010 in Washington and thereafter it has been hosted by Turkey, United Arab Emirates, Malaysia, Morocco and Kenya.
In 2016, Silicon Valley hosted the GES. India was given opportunity to host GES during Modi’s US visit in June.
“For India, the summit holds a special place as we are more intensely focused than ever before to give entrepreneurs the opportunities and ecosystem to help them thrive,” said Amitabh Kant, CEO, NITI Aayog.
GES will highlight India’s enabling environment for innovation and entrepreneurship – including actions by the government to increase the ease of doing business, eliminating unnecessary regulations and supporting start-ups.
The choice of Hyderabad to host the event is significant as the city is a major tech hub; home to large number of US firms including giants like Microsoft, Google, Amazon, Apple and Uber and a robust startup ecosystem.
Known for premier academic institutions, top-notch talent and investor-friendly policies, the city also boasts of T-Hub, India’s largest startup capital.
Telangana government has made elaborate arrangements for the prestigious event, which will also showcase the city as a fine blend of tradition and modernity.
Ivanka Trump, Modi and other delegates will be attending the dinner being hosted by the Government at Taj Falaknuma, a palace hotel in the old city on November 28.
On Wednesday, the Telangana government will be hosting a dinner at the historic Golconda Fort.
Unprecedented security arrangements have been made for the GES with the deployment of over 10,000 policemen.
In addition to the US security agencies protecting Ivanka Trump, the Special Protection Group (SPG) and other elite forces will take care of the security of the Prime Minister and other delegates.
—IANS
