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Kevin Rudd: COVID-19 Outbreak & Lessons from 2008 Financial Collapse

March 13, 2020

GZERO Media

Kevin Rudd: COVID-19 Outbreak & Lessons from 2008 Financial Collapse | Interview | GZERO World

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The coronavirus (COVID-19) outbreak and its consequences present the biggest global crisis since the 2008 financial collapse. Markets are falling in record numbers all around the world, and thus far proposals from governments and the World Bank have done little to assuage fears and turn things around. Former Australian PM Kevin Rudd, now President of Asia Society, was a G20 leader during the 2008 crisis. In a new interview with Ian Bremmer, Rudd describes the action taken then and its impact on stabilizing markets. He offers insight into what should be happening now, and how world leaders can proceed to mitigate the economic impact of coronavirus.

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Big dreams (and digital tools) gave US small businesses an edge in 2024

Mastercard

For small businesses, the pandemic accelerated their digital journey, and many are finding benefits beyond digital payment acceptance, including back-end efficiencies and more targeted social media marketing. So far, their strategy is working — small businesses that use technology platforms increased their profits between 2022 and 2023 more than those that used little to no tech, according to a 2024 US Chamber of Commerce report. Read how small businesses are increasingly turning to digital tools to gain valuable insights needed for their businesses to grow and evolve.

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Authorities try to arrest impeached South Korean president

Police vans are lined up in front of South Korean President Yoon Suk Yeol's official residence in Seoul on Jan. 3, 2025.

The Yomiuri Shimbun via Reuters

It’s a standoff. Officers from South Korea’s anti-corruption authority arrived at the residence of impeached President Yoon Suk Yeol’s on Friday morning to serve an arrest warrant over his attempt to impose martial law last month. Confronted by a crowd of Yoon supporters and a military unit, they were unable to execute the warrant.

Syria’s new leaders visit Saudi Arabia

Saudi Arabia's Defense Minister Prince Khalid bin Salman meets Syria's newly appointed Foreign Minister Asaad Hassan al-Shibani, in Riyadh, Saudi Arabia, January 2, 2025.

Saudi Press Agency/Handout via

On Wednesday, a Syrian delegation that included Foreign Minister Asaad al-Shaibani, Defense Minister Murhaf Abu Qasra, and intelligence chief Anas Khattab arrived in Riyadh, Saudi Arabia’s capital, for thenew Syrian government’s first diplomatic trip abroad.

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Kevin Rudd: COVID-19 Outbreak & Lessons from 2008 Financial Collapse

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Authorities try to arrest impeached South Korean president

Syria’s new leaders visit Saudi Arabia

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Kevin Rudd: COVID-19 Outbreak & Lessons from 2008 Financial Collapse

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More from GZERO Media

Ian Bremmer's Quick Take: What do the lone wolf attacks in New Orleans and Las Vegas reveal about America’s divisions? In this Quick Take, Ian Bremmer looks into the symbolism of recent tragedies and their impact on national unity.

First, they came for the H-1B visa. Now, MAGA activists are pushing to end the US’ Optional Practical Training, or OPT, program, calling it a“guest worker program” that acts as a backdoor to the H-1B and threatens American jobs.

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Subscribe to GZERO Media's newsletter: Signal

President Biden is expected to block Nippon Steel's $14 billion acquisition of US Steel on national security grounds, with his decision expected as early as Friday.

On Wednesday, a Syrian delegation that included Foreign Minister Asaad al-Shaibani, Defense Minister Murhaf Abu Qasra, and intelligence chief Anas Khattab arrived in Riyadh, Saudi Arabia’s capital, for thenew Syrian government’s first diplomatic trip abroad.

As US President-elect Donald Trump prepares to return to the White House, leaders in the world’s two largest trading blocs — China and the EU — are revealing their starkly different strategies for dealing with his “America First” trade policies.