An unprecedented package of measures These measures were expected, but do they go far enough? Following the start of the Fed’s monetary easing cycle and the rally in the yuan over the past month, the PBoC has regained some room for manoeuvre, which it has quickly exploited to support the real estate market. The first announcement was a 50-basis-point cut in the reserve requirement ratio (RRR) that dictates how much cash commercial…
A new study from The University of Manchester has highlighted a link between social media use, unhealthy lifestyles and wellbeing in young people, with those with the healthiest lifestyles experiencing the highest wellbeing. The research, led by Dr Chris Knowles and a team of experts from the Manchester Institute of Education, as part of the #BeeWell programme, analysed the habits of nearly 18,500 Year 8 students from Greater Manchester. Findings…
Rising property prices and higher interest rates have left younger generations struggling to get on the UK property ladder. The situation has prompted families to get more involved with parents and grandparents using their own property wealth to help younger generations become home buyers. Jack Lear, our UK Financial Planning Manager, looks at how families are supporting the next generation into home ownership. Today the average home in the UK…
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 Many of us try to avoid workplace discussions about electoral politics — along with conversations about topics such as guns, climate change, abortion, and religion — to maintain our collegial relationships. Many people do this intuitively to keep the peace…
Quick Hits Employers have legitimate and substantial business interests in restricting employee use of recording devices in the workplace to protect privacy and trade secrets. Employers may want to consider policies that prohibit or restrict making recordings in the workplace. Such policies may need to account for potential issues under the NLRA and may need to include exceptions for recording conversations as part of protected activity and be narrowly tailored…
Whilst listening to the radio on my way into work today I heard yet another advert about a company able to offer clients full estate planning and a Will for just £99. On getting into work, I decided to google the name of the company advertising this service. No where on their website does it state they offer this service for £99 but what it does state is that they…
Creating an investment plan can feel intimidating, especially if you’ve never done it before. Yet a robust approach can maximise your opportunities, build your confidence and help you to achieve financial freedom. Charlie Buxton, our Head of Investment Management, shares the key steps to cover when it comes to investment essentials. Investment planning can feel like a rather complex skill to master. However, if you’re keen to explore opportunities to…
Two Delta Network Planning team members provide an inside look at some of the decisions that shape where and when customers can fly. Why does Delta fly to some cities and not others? Who is making the decision to introduce a new flight to Italy? Behind every route in Delta’s network is a complex web of planning and data – all carefully orchestrated by the airline’s Network Planning team. Understanding…
Retail predictions for the 2024 holiday shopping season Lindsey Mazza Black Friday has long been one of the single most critical days of the year for retailers and brands In today’s landscape, economic uncertainty, a proliferation of digital channels and the rise of a global market are redrawing the holiday shopping calendar. For retailers, how well they perform will depend on how well they are able to manage the major…
To truly harness the power of generative AI, customization is key. In this blog, we share the latest Microsoft Azure AI updates. AI has revolutionized the way we approach problem-solving and creativity in various industries. From generating realistic images to crafting human-like text, these models have shown immense potential. However, to truly harness their power, customization is key. We are announcing new customization updates on Microsoft Azure AI including: General…
Surging inflation drove many consumers to cheaper brands or lower-quality products, but new data suggests that switching might not have saved them as much as they might have expected. During the most recent period of high inflation, prices of the least expensive products increased more than those of the costliest, according to an analysis of microdata from large retailers by Harvard Business School Professor Alberto Cavallo. In a forthcoming article…
Quick Hits Missouri voters will vote this year on whether employers will be required to provide earned paid sick time (PST) to eligible employees. PST would accrue at a rate of one hour for every thirty hours worked; it would begin accruing for existing employees on May 1, 2025, or the first day of employment for employees hired after that date. Employers with fifteen or more employees maylimit an employee’s…
Adriemilly Rigo wasn’t feeling well. “To tell you the truth, I was very sedentary, I didn’t practice sports much, and I didn’t take care of myself very well,” she says. She had gained weight, felt fatigued and developed chronic migraines. Then her doctor told her she had fatty liver disease, a serious metabolic condition that if left untreated can lead to liver failure. Rigo was scared. So, when her supervisor…
Switzerland recently signed a free trade agreement with India within the framework of the EFTA. The world’s most populous country is seen by many Western states as a promising alternative to the increasingly authoritarian China. The agreement is undoubtedly a success, but it did not come without concessions. The next step will be for Parliament to deal with the agreement, to which the Federal Council submitted the dispatch this week.…
What would Aristotle think about self-driving cars?As the abilities of artificial intelligence systems to automate complex tasks accelerate, warnings about the dangers of outsourcing life-and-death decisions to machines are pumping the brakes on the powerful technologies. From Emmanuel Kant to John Stuart Mill, philosophers have wrestled with the age-old questions autonomous vehicles are now raising—in new and urgent ways—for businesses and their leaders. “And by genuine ethical decisions, I mean…
Looking back over the past few months since our last China Brief update in April, not much has changed.China’s GDP grew at a steady 5 percent during the first half of the year, while retail sales ticked modestly upward by 3.7 percent during this period. We see few signs that this picture of single-digit growth in consumption will change for the foreseeable future. Indeed, some observers are warning that it…
In July, student protests in Bangladesh grew violent when the country’s longtime and increasingly autocratic prime minister, Sheikh Hasina, initiated an aggressive crackdown that killed hundreds of demonstrators. This brutality caused what had started as discontent about unemployment among the country’s most educated young people to bloom into a wider movement against inequality, corruption, and antidemocratic leadership. In the early days of August, protestors defied curfews and internet shutdowns to…
Harlan Krumholz: Howie, it’s great to see you, and welcome to Health & Veritas. Howard Forman: You’re Harlan Krumholz. Harlan Krumholz: And you’re Howie Forman. And we’re sitting together today. Howard Forman: Exactly. We’re in the studio. We’re physicians and professors at Yale University. We’re trying to get closer to the truth about health and healthcare. This is one of our periodic episodes without a guest, and there is so…
Wealth inequality, long a pressing issue that was exacerbated by Covid-19, remains a significant problem to governments and policymakers around the world. Many nations including the United States, Japan and France have recorded skyrocketing income disparities in the past few years, while South Africa has claimed the unenviable title of the country with the highest wealth inequality. Economic inequality can hinder economic growth, erode social cohesion and lead to political polarisation.…
Representatives of the Semiconductors Point of Contact Group from the G7 group of nations met in Cambridge today. The meeting was held at ARM, which designs over 95% of the processors in the world. Representatives from the University of Cambridge, as well as representatives from local semiconductor companies, participated in the events.Semiconductors underpin nearly every electrical, optical and quantum device, from mobile phones and medical equipment to electric vehicles. They…
Archaeological fieldwork in Morocco has discovered the earliest, previously unknown 3400–2900 BC farming society from a poorly understood period of north-west African prehistory. This is the earliest and largest agricultural complex yet found in Africa beyond the Nile.This study, published in the journal Antiquity, reveals for the first time the importance of the Maghreb (north-west Africa) in the emergence of complex societies in the wider Mediterranean during the fourth and…
Did you know that the World Health Organization (WHO) classified burnout as an occupational phenomenon? In other words, while leaders and HR tend to classify burnout as a personal failing, as evidenced in the way they tackle it with offerings of gym memberships and extended PTO, WHO says it’s a result of chronic workplace stress that hasn’t been successfully managed. WHO begs the question, who is supposed to manage chronic…
Autonomous vehicles (AVs), with their potential to reduce shipping costs and address a scarcity of drivers, will likely be delayed by another year, according to McKinsey analysis. Major OEMs are continuing their commitment to autonomous trucking and are investing to bring the first vehicles of their kind on the road in the second half of this decade (see sidebar, “The technology underpinning autonomous trucks”). Industry and economic factors increasingly supporting…
The real estate industry faces growing pressure to reduce the emissions caused by building operations. The good news is that the technology already exists to solve the problem, and a new way to formulate decarbonization plans can make it easier and cost effective to take action, as McKinsey partner Brodie Boland discusses with McKinsey Global Publishing’s Katy McLaughlin. An edited transcript of the conversation follows. Brodie BolandHeadshot of Brodie Boland Katy…
A global conservation effort to reintroduce a tiny snail to the wild is celebrating a momentous milestone: for the first time in 40 years, conservationists have found born-in-the-wild adult Partula tohiveana – meaning the precious molluscs have successfully established themselves in French Polynesia.This year Cambridge’s Dr Justin Gerlach helped restore over 6,000 of the snails to Moorea, their French Polynesian island home as part of an annual reintroduction of zoo-bred…
Quick Hits Tropical Storm Helene is expected to make landfall in Florida as a major hurricane as early as September 26, 2024. Governor Ron DeSantis has declared a state of emergency for sixty-one counties across the state. Employers may want to consider their obligations to protect workers and maintain a safe workplace and begin preparations for the hurricane response. After developing over the Caribbean, Tropical Storm Helene is expected to…
The Amazon rainforest is the world’s most complex biological environment, with millions of species of plants, birds and wildlife calling the vast area home, many of which have yet to be studied by scientists. From 2022 to 2023, the Amazon lost approximately 3 million hectares to deforestation, an average of 10,000 acres per day, according to the Monitoring of the Andean Amazon Project. Ten percent of the Amazon is within…
This commentary was adapted from episode 142 of the Health & Veritas podcast. Polio is back in the news, again. Over two years ago, we talked about a serious polio threat in the New York area, when one person developed paralytic poliomyelitis and wastewater detected the virus in several adjoining and nearby counties. Less than 1% of all infections result in paralytic polio; when we see wastewater evidence of polio,…
On this page: Opportunity | Solution | Impact $0.5Tannual global cybersecurity damage by 20250+enterprise customers across sectors0%savings in cybersecurity spending The Opportunity A new way to source cybersecurity Cyberattacks are on track to cause $10.5 trillion a year in damage by 2025. In their efforts to fight back, business leaders face complex choices. Their own security environments likely use technology sourced from multiple vendors and when they look to the…
As we head into 2025 budgeting season, the question on everyone’s minds is this: will the new year bring a return to robust tech budgets? Our latest State of Enterprise Tech Spending report provides a sneak peek. As in previous quarters, we polled 100 CXOs who collectively represent over $35B in annual technology spending; our goal was, as always, to gauge the budget planning and overall sentiment of large enterprise…
The desire to win the AI race on the global stage as well as lobbying by tech investors and developers will push legislators to create conditions favourable to the development of innovation, while maintaining control over the big players. Antitrust legislation on AI in both the US and other countries should be monitored, as it will affect the global balance of power in the tech race, writes Anna Sytnik. The…
Estate planning is an essential process for business owners, particularly those with complex financial structures involving assets in multiple jurisdictions. Business owners domiciled in Northern Ireland but holding personal and business assets in both Northern Ireland and the Republic of Ireland face unique challenges in navigating the legal, tax, and succession frameworks of two distinct legal systems. Crafting an effective estate plan in such cases requires careful consideration of cross-border…
Quick Hits The Michigan Supreme Court issued an order mandating specific wage increases and gradually eliminating the tip credit by 2030. The new wage and tip credit adjustments take effect on February 21, 2025. The Michigan Legislature has introduced a bill that, if enacted, will scale back the scheduled wage increases while preserving the tip credit. In its September 18, 2024, order in Mothering Justice v. Attorney General, the Michigan…
David Balleza, a third-year computer systems engineering student at the Tecnológico de Monterrey, has never been a fan of knocking on professors’ doors each time he hits a snag in his studies. His reluctance comes with a caveat: It’s hard to get the right help with the often-abstract concepts of his field. All that changed once TECgpt entered his life. “It’s a game changer,” he says. “It’s like having a…
25 September 2024By Ema Ivanova[1], Thomas McGregor, Stefano Nardelli[2] and Annukka RistiniemiThe views expressed in each blog entry are those of the author(s) and do not necessarily represent the views of the European Central Bank and the Eurosystem.The job of central banks is to help the economy navigate shocks and steer inflation back to target. This ECB Blog post asks what we can learn from past monetary policy cycles about…
The appointment of a prime minister hasprovided short-term relief for the French political system, but will not lead it out of the impasse in which it has found itself at the behest of President Emmanuel Macron, believes Alexey Chikhachev, senior lecturer at the Department of European Studies, Faculty of International Relations, St. Petersburg State University.In early September, after two months of behind-the-scenes negotiations with all political factions, the Elysee Palace…
Some visibility began to emerge in 2021, when the Kingdom added a key planning tool to Vision 2030: the National Investment Strategy (NIS). This gave an indication of the investments that would be needed to deliver on the plan’s ambitions and of the stakeholders involved in financing them: Vision 2030 calls for a total investment of USD3 trillion between 2019 and 2030 (around three times the country’s 2023 GDP). First stop:…
The ongoing war in Gaza will set children and young people’s education back by up to five years and risks creating a lost generation of permanently traumatised Palestinian youth, a new study warns.The report, by a team of academics working in partnership with the United Nations Relief and Works Agency for Palestinian Refugees in the Near East (UNRWA), is the first to comprehensively quantify the war’s toll on learning since…
Topics Responsible AI The Responsible AI initiative looks at how organizations define and approach responsible AI practices, policies, and standards. Drawing on global executive surveys and smaller, curated expert panels, the program gathers perspectives from diverse sectors and geographies with the aim of delivering actionable insights on this nascent yet important focus area for leaders across industry. In collaboration with More in this series For the third year in a…
The Development Center will support world-class engineering talent in developing cutting-edge solutions that drive innovation and deliver lasting global impact Editor’s note – Sept. 24, 2024 – This release has been updated to indicate this is one of the first engineering centers to be launched in the Arab world. ABU DHABI, United Arab Emirates — Sept. 24, 2024 — Microsoft Corp. on Tuesday announced it is expanding its Global Engineering…