In this edition of Author Talks, McKinsey Global Publishing’s Raju Narisetti chats with Tony Blair, founder and executive chair of the Tony Blair Institute for Global Change (TBI) and former Prime Minister of the United Kingdom, about his book, On Leadership: Lessons for the 21st Century (Crown/Penguin Random House, September…
subscribe-icon Subscribe Share In 2023, generative AI became the topic every leader wanted to learn more about. In 2024, many leaders and organizations moved beyond the tactical AI questions to the strategic ones — such as where to reap the most business value while minimizing risk. For example, how can…
Global real estate development, which has never been simple, has in recent years become more complex. Building “green,” once a choice and a differentiator for developers, is increasingly the only way to satisfy new regulations, consumer preferences, and investor expectations. New technologies—many powered by recent advances in AI and generative…
What was the ACA intended to do? If you go back to the beginning, healthcare reform was supposed to be a lot of different reforms rolled together. That included insurance reform, meaning that private insurance would be more consistent and meet a basic standard for essential items that must…
In addition, Iran and Russia have succeeded in synchronising “the banking messengers”. On January 29, 2023, the central banks of Iran and Russia signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions. In fact, since one of the…
How fast is the universe expanding? What is dark matter? Where did we come from?These questions of life, the universe, and everything are just some of the big topics that motivate the new Center for Decoding the Universe at Stanford.Launched in October, the center is an interdisciplinary partnership between Stanford Data…
Although the Supreme Court of Canada’s decision in Vavilov1 established a general framework for selecting which standard to apply on judicial review, it left open which standard of review applies to reviewing the vires of subordinate legislation, including regulations and guidelines. Vavilov therefore generated lingering uncertainty about whether pre-Vavilov principles…
Imagine having two wallets – one filled with cash, the other with airline miles or hotel points. Which would you reach for when it’s time to pay? The answer, according to our new paper, coauthored with Freddy Lim from the National University of Singapore, says a lot about you as a…
In October 2024, more than 9,000 participants running the gamut of insurance industry players gathered for the annual ITC Vegas insurance conference. The hot topic of the conference, unsurprisingly, was the use of generative AI (gen AI) and its potential implications for the insurance industry. In this episode of the…
From promises to progress: are Labour’s goals becoming reality? Recorded live at Prospect, this podcast delves into Labour’s journey since the UK and USA 2024 elections. Chaired by Prospect Editor Alan Rusbridger, the panel—featuring Baroness Simone Finn, Janine Gibson, and Mike Soutar—analyses economic reforms, employment rights, and leadership lessons. Are…
Quick Hits 2024 year-end HDHP plan amendments: Employers that offer HDHPs may need to amend their plans before the end of the year to remove first-dollar telehealth coverage since the regulatory relief allowing this coverage without cost sharing is set to expire at the end of 2024. Impact on HSA…
L’étendue du régime de responsabilité sans égard à la faute prévu à la Loi sur l’assurance automobile (LAA) a été balisée par la Cour supérieure du Québec dans la décision Roberge c. Compagnie General Motors du Canada, 2023 QCCS 4309. Cette décision synthétise les critères d’application des règles de la LAA…
Google has launched the AI Campus in Somers Town, Camden, home to a two-year education pilot aimed to help inspire, inform, and educate local sixth form students in the …
Healthcare organizations, especially health systems, have a large, untapped opportunity to use their clinical expertise and reputation to serve health media (medically validated, contextually relevant content, including advertising) to engage, support, and educate consumers. The health media trend is accelerating concurrently with healthcare organizations’ efforts to boost digital engagement with…
For development, the world needs an image of the future, and now this image of a convenient and comfortable future for all of humanity is emerging in the interaction of the countries of the Global South: those countries that in Russia we call the world majority. China’s global initiative to create a community of “shared destiny for humanity” is an extremely important element of the emerging future…
Euphoria The metaverse, which harnessed the power of cutting-edge electronics to create highly immersive virtual spaces, promised a flourishing meta-economy worth $12.5 trillion, according to Goldman Sachs. This new creative economy, focused entirely on consumers and their avatars, was based on the premise that 33% of the digital economy would…
3 December 2024By Daniela Filip, Klaus Masuch, Ralph Setzer and Vilém Valenta At the height of the financial crisis Greece, Ireland, Portugal and Cyprus needed help. The international assistance came under the condition of economic adjustment aiming to restore financial stability, debt sustainability and growth. How did the four countries…
This year’s Wolfson History Prize has been awarded to Joya Chatterji, Emeritus Professor of South Asian History and Fellow of Trinity College, for her book Shadows At Noon: The South Asian Twentieth Century, first published in 2023.The book charts the story of the subcontinent from the British Raj through independence and…
Our results suggest that the sequences of actions that wild chimpanzees use to perform their tool-use behaviours share many properties with those of humans, and so likely evolved before the last common ancestors of humans and chimps. Lead researcher Dr Elliot Howard-SpinkMany human behaviours are more complex than those of other…
Announced at the recent NATO Cyber Defence Conference, LASR will bring together industry, academic, and government experts to boost Britain’s cyber resilience and support growth. Leading researchers from Oxford University’s Mathematical, Physical and Life Sciences (MPLS) Division and Global Cyber Security Capacity Centre will work alongside partner institutions, government bodies, and…
What is the shelf life of a freshly baked donut? Two days, tops.But when it comes to an entirely different kind of donut – one that Stanford economist Nicholas Bloom described early in the pandemic when he measured the exodus of people from city centers to city suburbs – there…
The evolving landscape of fiduciary duties in the investment industry Since the Client-Focused Reforms were introduced in 2019, the investment industry has been closely following whether these reforms will result in Courts imposing fiduciary duties on registrants. Against this backdrop, the proposed class action in Boal v. International Capital Management…
Then there’s "Hump Day", in which a talking camel excitedly asks office workers what day it is. No prizes for guessing what the correct answer is. The 2013 campaign, by auto insurance firm GEICO, did not just increase brand awareness and engagement. It became a cultural phenomenon. The clincher? The simplicity…
Companies often overestimate the impact of short-term changes in technology and underestimate the effect of long-term changes. This well-known dynamic is particularly relevant for generative AI (gen AI) in enterprise technology. Today’s many bold predictions about its impact on enterprise technology often focus on shorter-term horizons (with immediate focus on…
As tensions in the Middle East continue to escalate, India has found itself navigating a complex web of economic, strategic, and security concerns. What began as conflict between Israel and Hamas now risks expanding into a broader regional conflagration involving Iran and its network of allies. India’s significant ties with…
At the heart of virtually every large organization is a massive anchor slowing a business down: the tech debt found in legacy IT systems. Often built decades ago, these large systems form the technical backbone of companies and functions across almost every sector. As much as 70 percent of the…
Topics Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series subscribe-icon Subscribe Share Carolyn Geason-Beissel/MIT SMR | Getty Images Feeling emotionally drained at work? Is your patience exhausted? Your energy low? If so, you’re showing clinical markers of burnout.…
Quick Hits OFCCP announced that its new Form CC-257 required monthly employment data reporting for covered federal contractors and subcontractors will launch in March 2025 and be due by April 15, 2025. Reports will cover a calendar month and be due the fifteenth of the following month unless the fifteenth…
Over the course of his first term in office, President Trump made no secret of his skepticism towards the World Trade Organization (WTO). In 2018, he threatened to withdraw the United States from the WTO if it did not “shape up”. During a White House press briefing in September of…
This commentary originally appeared in Fortune. President-elect Donald Trump caught many by surprise last week when he announced plans to install far-reaching tariffs of 25% on Mexico and Canada and increase existing tariffs on goods imported from China by an additional 10% on his first day in office. During the…
This transcript has been edited lightly for clarity.Is it time for a procurement (r)evolution? Mauro Erriquez: Dominique, thank you for being with us today. It’s amazing that we have an opportunity to talk about the future of procurement. Many of my clients are saying they have never seen such a…
The researchers, from the University of Cambridge, studied the chemical composition of the Venusian atmosphere and inferred that its interior is too dry today for there ever to have been enough water for oceans to exist at its surface. Instead, the planet has likely been a scorching, inhospitable world for…
The initiative, called Polymathic AI, uses technology like that powering large language models such as OpenAI’s ChatGPT or Google’s Gemini. But instead of ingesting text, the project’s models learn using scientific datasets from across astrophysics, biology, acoustics, chemistry, fluid dynamics and more, essentially giving the models cross-disciplinary scientific knowledge.“These datasets…
Leading global healthcare company Novo Nordisk has deepened its partnership with the University of Oxford by announcing £18.5 million of funding for a further 20 Postdoctoral Fellows in this prestigious scientific research programme, over the next nine years. This expanded collaboration also introduces an innovative ‘Springboard Fellowship’, which offers selected…
Can green investors help contribute to climate-change solutions and simultaneously earn a higher return? While roughly 60% of asset managers who responded to a 2019 survey expected their environmentally and socially aligned investment portfolios to outperform the market over the following five years, academics report starkly divergent findings when it…
Company Details Industry: Banking Company size: 23,000+ employees Project Scope: Data Governance team Services provided: Enterprise Technology and Financial Management; Apptio Targetprocess implementation and optimisation Executive summary Citizens Bank was grappling with a tangle of disconnected systems and opaque processes. Cprime Elabor8’s experts helped align IT with Finance and open…
On Oct. 11, 2024, the Supreme Court of Canada (the SCC) released its decision in Aquino v. Bondfield Construction Co. – the first case in which it has addressed the doctrine of corporate attribution in the context of insolvency proceedings. In particular, the SCC considered the way in which the…
Are high electricity prices putting pressure on Swiss industry? In recent weeks, some industries, such as steel manufacturers, have raised concerns about a loss of competitiveness. The owner of Stahl Gerlafingen noted that electricity costs in Switzerland are roughly five times higher than in France. Public data on electricity prices…
On November 29, 2024, the Valdai Club hosted an expert discussion titled “Russia, the Global South, and the Global Majority.” Moderator Timofei Bordachev called the topic both timely and important. According to him, interaction with the countries of the global majority and the Global South is of great importance for…
On November 15, 2024, in Morabito v. British Columbia (Securities Commission), the Court of Appeal for British Columbia allowed the appeals from a decision of the British Columbia Securities Commission because the procedure adopted by the Commission panel hearing the appellants’ abuse of process applications denied the appellants a fair…