Global Economics Intelligence executive summary, September 2024

  • Post category:McKinsey & Company
  • Reading time:11 mins read

Positive news is emerging from various sources, suggesting the global economy might be turning a corner, though substantial risks remain. Central banks face a challenging balancing act between managing inflation and promoting growth, which led to divergent actions this month. Several banks cut rates to boost the economy in September,…

BRICS Before the Kazan Summit: The Dialectic of Creation and Destruction Against the Backdrop of a New World Order

International politics seems to finally have lost its ability to pursue linear development. This, of course, is extremely sad from the point of view of the average person. However, if we look at what is happening beyond our expectations, whether they are genuine or not, then what is happening can…

Programme of the 21st Annual Meeting of the Valdai Discussion Club

The goal of the conference, which will bring together 140 participants from 50 countries, is to offer non-Western ideas for solving global problems, to make it clear that the leading developed countries do not have a monopoly on formulating the goals and methods of development. The discussions will cover all…

Cambridge and GSK announce new five-year collaboration aiming for improved outcomes for patients with hard-to-treat kidney and respiratory diseases

The Cambridge-GSK Translational Immunology Collaboration (CG-TIC) combines University and GSK expertise in the science of the immune system, AI and clinical development with access to patients and their data provided by Cambridge University Hospitals. GSK is investing more than £50 million in CG-TIC, further strengthening Cambridge’s position as Europe’s leading…

New and Improved California Leave Provisions for 2025

  • Post category:Seyfarth Shaw LLP
  • Reading time:7 mins read

Seyfarth Synopsis:  Out with the old and in with the new.  Governor Newsom recently signed new laws which extend and clarify employees’ available reasons for use of California paid sick leave.  There are expanded unpaid leave protections for victims of domestic violence, sexual assault, stalking, or qualifying acts of violence,…

Climbing annuity rates could boost your retirement income

Purchasing an annuity could provide you with a regular income throughout retirement. And rising annuity rates could help your pension savings go further. An annuity is something you buy, often with the money saved in your pension, which then provides a guaranteed income. The annuity rate offered affects the income…

Energy Cooperation within BRICS: Revolutionary Resistance

On October 18, on the eve of the BRICS summit in Kazan, the Valdai Club hosted a presentation of a report titled “BRICS+ Energy: A Mover for the New World Order.” Ivan Timofeev, the moderator of the discussion, noted that although the BRICS agenda is quite broad, energy occupies a…

How to train and improve your “sixth sense”

Did you know that top athletes are coached on their “sixth sense” as part of their training? Proprioception is your body’s sense of where it is in space. It’s what allows footballers to score a goal without looking down at the ball or gymnasts to orient themselves in the air…

Global payments in 2024: Simpler interfaces, complex reality

  • Post category:McKinsey & Company
  • Reading time:11 mins read

The tantalizing vision for global payments has long been that they’d be safe, simple, quick, inexpensive, and ubiquitous. This promise has come closer with each new technological advance. However, instant payments have ushered in the Decoupled Era, a term coined in last year’s Global Payments Report. In this environment, payments…

USPTO Bids Farewell to AFCP 2.0: Goodbye Old Friend!

  • Post category:Seyfarth Shaw LLP
  • Reading time:6 mins read

The U.S. Patent and Trademark Office (USPTO) has officially announced that the After Final Consideration Pilot Program 2.0 (AFCP 2.0) will soon be laid to rest. In a notice dated October 1, 2024, the USPTO confirmed that the program will end on December 14, 2024. Despite being extended numerous times…

New York State Cybersecurity Regulations Take Effect on November 1, 2024

  • Post category:Ogletree Deakins
  • Reading time:4 mins read

Quick Hits Certain requirements of the amended NYDFS cybersecurity regulations will take effect on November 1, 2024. Covered entities may need to update their policies and procedures, including with respect to corporate governance, encryption, incident response and business continuity plans, system testing, and employee training. On March 1, 2017, the…

6 lifestyle tips that could reduce your biological age

New research and real-life case studies have recently revealed that it’s possible to slow – and even reverse – your biological age. Read on to discover more about how your biological age is measured, and six simple steps you could incorporate into your routine to enhance your life. What is…

Hamas Leader Yahya Sinwar’s Death Can Bring the Middle East Closer to Peace

This commentary originally appeared in Time. Just as the elimination of Hezbollah leader Hassan Nasrallah a month ago catalyzed new opportunities for Mideast peace, the death of long-elusive Hamas leader Yahya Sinwar Thursday turbocharges the transformation of the Middle East towards a more secure and prosperous future. To appreciate the…

Responsible AI: A business imperative for telcos

  • Post category:McKinsey & Company
  • Reading time:20 mins read

Over the past decade, the telecom industry has faced one daunting challenge after another. Telcos have endured relentless competitive pressure from fast-moving technology companies that entered their core sectors of communications, connectivity, and data transport. In the hopes of igniting revenue growth, telcos have sought to reinvent themselves. They have…

What If Art Could Transform How You Learn and Experience Life?

Learning through experience requires us to shift from the purely intellectual to a more holistic engagement. I try to create that shift by opening each of my leadership classes with some form of art—a poem, a piece of music or a visual work. It’s a way of helping my students,…

Prospects for Indonesian Foreign Policy at the Current Stage

On October 20, the newly elected President of Indonesia, Prabowo Subianto, who had previously served as the country's Minister of Defence, will officially take office. Already in the period between the elections and the inauguration, Prabowo has demonstrated a great deal of diplomatic activity. He conducted a series of international…

Why It’s Harder for Women Founders to Get Venture Capital Funding

Let’s say that two entrepreneurs, a man and a woman, co-found a startup and raise venture capital. But the business struggles, and they shut it down and go their separate ways. Eventually, each of them independently forms a new business. Do these entrepreneurs have the same chance of getting venture…

Webinar Series: Winning Combinations: Exploring Synergies with Government Contracts Law

  • Post category:Seyfarth Shaw LLP
  • Reading time:6 mins read

We are pleased to invite you to our upcoming webinar series, "Winning Combinations: Exploring Synergies with Government Contracts Law." This series of 30-minute webinars will explore the intersections between government contracts law and related Seyfarth practice areas, focusing on key topics such as cybersecurity, False Claims Act, white collar & investigations,…

Investment market update: September 2024

Economic data suggesting some developed countries, including the US, could fall into a recession continued to affect investment markets in September 2024. Read on to discover other factors that may have affected the performance of your investments. UK Data from the Office for National Statistics (ONS) shows inflation remained stable…

Tech-enabling operations: What is the next unlock?

  • Post category:McKinsey & Company
  • Reading time:3 mins read

This transcript has been lightly edited for clarity.What is shifting in tech-enabling operational transformations? This is clearly the age of AI. With the rapid advances in generative AI, it has become very easy to consume AI, and therefore companies are making significant investments over the last few years in the…

Immersive Commerce: Early Lessons From Walmart

The retailer is using immersive commerce — a form of online shopping that combines VR with 3D visualizations and gamification — to connect with the next generation of shoppers. Mary Lacity and Remko Van Hoek October 17, 2024 Reading Time: 9 min  Carolyn Geason-Beissel/MIT SMR | Getty Images Retailers must…

Designing against the deaf tax: How we can flip the script on tokenism

  • Post category:Microsoft
  • Reading time:3 mins read

The creation of Sign Language View in Teams One shortfall of this new way of working, however, was the existing captioning solutions. It was painful for my Deaf peers and I to have to turn on captions with each call. Every time, you had to look for and prioritize the…

The Reputation Risks of Sharing Fake News

As partisan vitriol flies in the final month before the US presidential election, a new study offers insight into the question of why people share political misinformation.Even when a news article would flatter their political party, people tend to expect that sharing true information on social media would benefit their…

What is the playbook for scoring “triple wins” through product design?

  • Post category:McKinsey & Company
  • Reading time:3 mins read

This transcript has been lightly edited for clarity.What is causing so many consumer product leaders to rethink their products and portfolios? Jan Henrich: Renovating and innovating the existing portfolio has never been more important than it is these days. First, consumer discretionary spending is tightening. Second, passing on inflation costs…

5 Tools for Pitching Culture Change to Leadership

  • Post category:Civility Partners
  • Reading time:6 mins read

You already know that a strong culture leads to engaged employees, lower turnover, and a healthier bottom line, but convincing leadership? That’s a different story. It’s exhausting pushing for changes that are dismissed as “soft skills” or shot down because they don’t offer an immediate ROI. Sound familiar? You’re not…

Priorities for International Cooperation in Greater Eurasia: An Indian Perspective

Eurasia, a region of immense geopolitical significance due to its strategic location and abundant natural resources, has always been a focus of global interest. The Russia-Ukraine conflict that erupted in February 2022 has further underscored the evolving dynamics of Eurasian geopolitics. A key driver of these changes is the growing…

Global Farmer Insights 2024

  • Post category:McKinsey & Company
  • Reading time:5 mins read

Farmers worldwide are navigating challenges such as increased input prices, extreme weather events, and commodity price volatility. Given the current macroeconomic environment, the priority for farmers today is improving productivity, whether through agriculture technologies (agtech) for improving operations, biological products, or sustainable practices. This report offers insights for organizations collaborating…

Know Your Data to Harness Federated Machine Learning

Sam Falconer/theispot.com Nowadays, deploying artificial intelligence no longer guarantees a competitive edge. What truly sets companies apart is access to diverse, extensive, high-quality data that enhances their AI system’s performance compared with that of their competitors. But concerns over data privacy can limit the use of unique, relevant data for…

Pioneers and Pathfinders Virtual Roundtable Series: Understanding the Legal and Commercial Challenges of Disinformation and Deepfakes

  • Post category:Seyfarth Shaw LLP
  • Reading time:5 mins read

Thursday, November 7, 20242:30 p.m. to 3:30 p.m. EDT1:30 p.m. to 2:30 p.m. CDT12:30 p.m. to 1:30 p.m. MDT11:30 a.m. to 12:30 p.m. PDT About the Program Seyfarth’s Pioneers and Pathfinders virtual roundtable series has tackled critical topics intended to help our clients navigate the implications of generative AI and…

Azure Cobalt 100-based Virtual Machines are now generally available

  • Post category:Microsoft
  • Reading time:13 mins read

We are excited to announce the general availability of the new Azure Cobalt 100 Virtual Machines (VMs). These VMs run on Microsoft’s first fully custom Arm-based Cobalt 100 CPU and represent a significant milestone in our end-to-end approach to building cloud infrastructure. Today we are announcing the general availability of…

Risks posed by holding cash as interest rates fall

By Shadrack Kwasa | 15 Oct, 2024 For profesionnal investors INTRODUCTION Inflation has weighed heavily on investment markets for a prolonged period. Central Banks have waged a war against inflation and victory appears imminent as we have seen the most recent inflation readings signalling inflation is coming under control. This…

Value creation priorities shaping medtech

  • Post category:McKinsey & Company
  • Reading time:12 mins read

Medtech value creation has been a story of haves and have-nots in recent years. Since 2019, the top value creators have outpaced the S&P 500, while the rest of the industry has struggled (Exhibit 1). Industry and capital market volatility during the COVID-19 pandemic masked the differences in performance between…

UK Labor Law – Legislation For Proposed Significant Reforms Unveiled

  • Post category:Seyfarth Shaw LLP
  • Reading time:4 mins read

The UK’s new Labour government published its highly anticipated Employment Rights Bill last week. In total, the draft Bill contains 28 stand-alone employment law reforms (including many of the changes that we outlined in our blog post earlier this year - see Significant UK Labor Law Reforms on the Horizon).…

Construction Chronicles: OFCCP’s Updated Scheduling Letter Brings New Compliance Challenges

  • Post category:Ogletree Deakins
  • Reading time:8 mins read

Construction contractors undergoing compliance reviews after October 1, 2024, will be required to comply with expanded initial data and document requests contained in the revised letter. Contractors on a recent Corporate Scheduling Announcement List (CSAL)—a courtesy notification from OFCCP listing contractors selected for compliance evaluation—that have not yet been scheduled…

Non-dom tax reforms and pre-budget planning

By Ed Johnson | 16 Oct, 2024 INTRODUCTION Labour has proposed that changes to the taxation of non-UK domiciled individuals will likely take effect from 6 April 2025. While we await further details on the Budget to be delivered on 30 October 2024, affected clients are understandably anxious. Abolishing non-dom…

Data Protection Compliance Is Not Just for Big Tech

  • Post category:Logan & Partners
  • Reading time:5 mins read

When we think about data protection and GDPR compliance, it’s easy to focus on Big Tech giants like Google and Meta. However, the GDPR applies to all organisations, regardless of size or industry. Businesses across sectors – from healthcare providers to energy firms – are increasingly subject to investigations and…