70 years ago, the BBC broadcast its first daily television news programme. Since then, round-the-clock news has become available, and you can get the latest headlines with a few taps on your smartphone. While being connected can be positive, for investors, it can make periods of volatility and choosing an investment even more difficult. Read on to find out why. On 5 July 1954, Richard Baker delivered the latest news,…
As financial planners, we often talk about the importance of working towards long-term goals and security. As part of your financial plan, you might be putting money into a pension for retirement or building an emergency fund to safeguard your finances if you experience a shock. Considering your long-term ambitions is often important for turning them into a reality. Yet, enjoying the present is just as essential. While it can…
2 in 5 UK retirees have retirement regrets, according to a Canada Life survey. If you’re saving towards your future, you could learn some valuable pension lessons and avoid repeating the same mistakes. Securing the retirement you want often means thinking about this milestone many years before you celebrate it. One of the key challenges is balancing your financial needs and goals now with your long-term ones. Retirement regrets indicate…
We’re supporting more organizations to establish 15 new cybersecurity clinics across the U.S.
Amendments to the Company Law of the People's Republic of China (the “New Company Law”) were passed on December 29, 2023, and will come into effect on July 1, 2024. The New Company Law consists of 15 chapters and 260 articles, with substantial additions and modifications of around 70 articles compared to the current Company Law, which comprises 13 chapters and 218 articles. The main revisions are categorized into: (1)…
The number of retirees who could face an Income Tax bill is expected to rise. If your total income could exceed tax thresholds, there might be some steps you can take to reduce your tax bill. The Personal Allowance is the amount of income you can receive before you usually need to pay Income Tax on the portion that exceeds the threshold. For 2024/25, the Personal Allowance is £12,570. Crucially,…
Trade associations representing independent repair facilities have become strong advocates for expanding right to repair laws to increase member access to vehicle telematics data. These efforts have created uncertainty for auto manufacturers, most recently in Maine, where state legislators failed in their effort to amend that state’s right to repair statute in response to a popular ballot referendum passed in November 2023 intended to address the incorporation of telematics into…
Research suggests that retirees could boost their income by downsizing. While selling your home and moving to a smaller property could be a valuable way to fund your later years, there are some important considerations you might want to weigh up first. Read on to find out more. Over the last few decades, the value of the average home in the UK has soared. Indeed, according to figures from the…
The changeable nature of fashion extends well beyond its seasonal changes of what to wear. In recent years, one of the industry’s most dramatic changes involves New York City’s position as a global fashion capital. Within the United States, New York City has the country’s highest concentration of fashion sales, talent, and employment. Activities related to fashion—which we define as fashion retail, wholesale, and distribution, along with textile, apparel, footwear,…
How many times have you told yourself that you need to do more exercise, started a new routine, and then stopped it altogether after a few weeks as you just don’t have the time? This cycle of wanting to get healthy, trying your hardest, and then being put off by the physical and time demands, is an unfortunate reality for many. But the truth is, it doesn’t take much effort…
For several years, it has been acknowledged that cross-departmental collaboration has been hard to achieve within the Government despite the criticality of its work. Although this could be attributed to a structural issue, (central government in Britain is divided into departments that take responsibility for specific policy areas) there are other contributing factors to why collaboration is not easy, and is a difficult issue to resolve. This article will highlight…
A challenge by 7-Eleven has seen Seven lose its Australian registered trade mark for “7NOW” for the vast majority of goods and services covered by the registration. This serves as a stark reminder to trade mark owners to use their registered trade marks as trade marks and for the goods and services for which they are registered. Background Seven operates the Seven Network, a major Australian commercial free-to-air television network.…
Seyfarth Synopsis: Expanding a law enacted in 2022, New York’s legislature passed another bill that seeks to limit warehouse-related injuries by requiring employers to establish and implement an injury reduction program, evaluate certain jobs for ergonomic injury risks, correct risk factors, and provide injury reduction training. Background: New York State’s Commitment to Warehouse Worker Protection In 2022, New York State passed the Warehouse Worker Protection Act (2022 WWPA). The 2022 WWPA requires…
Election season is here, bringing with it a flood of discussions, debates, and distractions. Add global tensions dominating the news, and it’s easy to see why employees might struggle to stay focused… especially if they have opposing views from their colleagues… and are discussing those opposing views at work. Sounds like a recipe for disaster. Politics and global events spark polarizing views. They just do. And when those views are…
The formal basis for Joe Biden’s statements, which organically fit into the logic of the US election struggle, and the start of the investigation was a petition filed by the five largest American trade unions. It lambasts the “unreasonable and discriminatory acts, policies, and practices of the People’s Republic of China to dominate the maritime, logistics, and shipbuilding sector that burden or restrict U. S. Commerce.” The last accusation is…
Soaring temperatures, shrinking glaciers, and rising sea levels provide a constant reminder that climate change is intensifying. Many governments, corporations, and individuals have already attempted to reduce emissions by adopting new green tech and want to expand these efforts to prevent a humanitarian crisis. The McKinsey Platform for Climate Technologies represents one such effort, and it focuses on executing and scaling critical climate solutions. Despite such initiatives, however, several obstacles…
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 Gen Z employees — workers in their early to late 20s — often get painted in anecdotes about their supposed lack of engagement in the workplace, their embrace of working from their living rooms, or their reluctance to commute to…
Seyfarth Synopsis: Governor Newsom announced that a deal has been made to reform PAGA and take the PAGA initiative off the ballot in November. The Governor’s announcement provides some highlights of what the reform package will include; however, the language of the proposed bill is expected in the coming days. Yesterday, Governor Newsom announced that legislative leaders and business and labor group had reached an agreement on reforms to PAGA.…
Microsoft Flight Simulator City Update VIII: Las Vegas features one of the world’s most distinctive cities. Las Vegas (“the meadows” in Spanish) traces its name to a Mexican explorer who passed through the area in 1829 and found dense grasslands fed by freshwater springs. Founded on May 15, 1905, the city grew steadily in the following two decades. Its population boomed with Nevada’s 1931 legalization of casino gambling and the…
Tokenization, the process of creating a unique digital representation of an asset on a blockchain network, has reached a tipping point after many years of promise and experimentation. The benefits—including programmability, composability, and enhanced transparency—can empower financial institutions to capture operational efficiencies, increase liquidity, and create new revenue opportunities through innovative use cases. These benefits are being realized today, with the first at-scale applications transacting trillions of dollars of assets…
Seyfarth Synopsis: Are you ready for it? The record-smashing icon, Taylor Swift, may have taken her tour to Europe, but that doesn’t stop new laws from cropping up back home. The Los Angeles County Board of Supervisors passed the Fair Work Week Ordinance on April 9, 2024, which is set to go into effect on July 1, 2025, for retail employers located in the unincorporated areas of Los Angeles County.…
Cities like Cairo; Chongqing, China; Delhi; and Kinshasa, Congo are experiencing population explosions accompanied by unprecedented demand for homes, offices, factories, and infrastructure. In the United States, the Biden Administration’s policy-driven infrastructure boom is gaining steam in the world’s largest economy.These trends translate into ballooning global demand for steel, cement, and other raw materials used in all types of construction. This demand comes as pressure mounts for companies to reduce…
Sir Simon Baron-Cohen is a Professor in the Departments of Psychology and Psychiatry at the University of Cambridge and Fellow at Trinity College. He is Director of the Autism Research Centre, which he set up in 1997. He has published over 750 peer reviewed scientific articles and has made contributions to many aspects of autism research. In 2021, he received a knighthood in the New Year’s Honours list for his…
As global organizations chart a path to net zero, many are looking to the next frontier of emissions reduction: “Scope 3” emissions. These emissions are not directly produced by a company’s operations, but embedded in its supply chain. They account for the vast majority of companies’ emissions, and a significant portion are generated from supply chain and logistics activities—in particular, from the combination of road and ocean freight. In total,…
Executives often fear that they’ll lose control and speed by engaging employees in strategic planning. But here’s a new playbook that works. Alexander Loudon June 19, 2024 Reading Time: 8 min Tang Yau Hoong/Ikon Images As the newly appointed CEO of Hema, a struggling European retail chain with 750 stores and 19,000 employees, Saskia Egas Reparaz faced a daunting challenge. The year before, in 2020, the company had posted a…
Brian Kenny: Somewhere in the Caucasus, around 6,000 BC, someone discovered grapes fermenting in a jar and for some unfathomable reason, decided to taste it. And thank God they did because this is thought to be the origin of wine. Aside from water, wine may be the longest-standing beverage in human history. Even today, it is among the top five most consumed drinks in the world. Throughout history, it has…
For a decade, the Indian chemical industry has been a global outperformer in demand growth and shareholder wealth creation. However, global headwinds have recently interrupted this momentum. Chemical companies in India could navigate these challenges and enhance their future prospects by boosting their competitiveness. Indian chemical industry: Interrupted momentum Indian chemical companies performed better than their global counterparts with strong total shareholder returns (TSR) growing at an annual rate of…
How can we change and transform the education system through leadership? The Broad Center at the Yale School of Management fosters the ideas, policies, and leadership to help all students in K-12 public schools — particularly those from underserved communities — to learn and thrive. Broad is a stellar example of the unique mission of Yale SOM: educating leaders for business and society. Since I feel connected and inspired by…
Echion, a Cambridge University spinout headquartered just outside the city, has invented and patented a niobium-based anode material, XNO®, for use with re-chargeable lithium-ion batteries. The material enables the lithium-ion batteries to safely charge in less than ten minutes, last for more than 10,000 cycles and not lose power in extreme cold or hot temperatures. By improving the power density and thermal stability of lithium-ion batteries, XNO® extends their lifespan.…
Download the Event Summary Download (PDF) Technology is given undue agency — it shifts, it disrupts, it eliminates. At Work/24: The Human Factor, a virtual summit held May 2, 2024, MIT Sloan Management Review brought together experts in artificial intelligence, change management, workplace culture, and human resources. Their goal: to help leaders understand how teams can thrive in a tech-dominated, AI-fueled world of work. MIT SMR editor in chief Abbie…
Quick Hits The Oregon Bureau of Labor and Industries issued a proposed rule that would impose new requirements for employers responding to allegations of harassment. The proposal introduced five factors for evaluating what constitutes “appropriate corrective action” and “promptly correcting harassing behavior.” Currently, determining whether an employer took an appropriate corrective method depends in large part on whether the harassment stopped, but BOLI’s proposal might open employers to criticism of…
It’s no secret the Federal Reserve and other central banks weren’t prepared for the swift, steep curve of inflation’s climb after COVID-19 snarled supply chains in 2021 and Russia’s invasion of Ukraine sent energy prices soaring in 2022.“Central banks are accustomed to working in low-inflation environments.” If central banks had used economic models that account for variations in the speed of firm’s pricing decisions rather than their traditional forecasting tools,…
The next generation of electrical/electronic (E/E) architecture for software-defined vehicles (SDV) is evolving toward centralization. By 2032, McKinsey analysis estimates that 30 percent of all vehicles produced globally will have E/E architectures with zonal controllers (Exhibit 1). Importantly for the semiconductor industry, this shift will require centralized, high-performance compute units. In the next ten years, the market for automotive microcomponent and logic semiconductors is expected to grow to $60 billion…
For many years, the Netherlands has enjoyed a robust economy and strong workforce. With a vast active workforce of 9.6 million people (out of a population of 17.6 million), the country has one of the highest employment rates and workforce productivity rates in the European Union. Globally, it ranks fifth for competitiveness, sixth for happiness, ninth for social progress, and tenth on the UN Human Development Index. However, ongoing trends…
In this short video, MIT Sloan CIO Symposium speakers and CIO Leadership Award finalists share advice on the AI threat vectors to focus on now. MIT Sloan Management Review June 18, 2024 Reading Time: 1 min subscribe-icon Subscribe Share [embedded content] At a time when cybersecurity is paramount, artificial intelligence tools introduce even more complexity for IT and business leaders. The AI tools, the large language models that power them,…
AI is rapidly being woven into many organizations, and it promises to transform every aspect of work, from boosting personal productivity and creativity to working on behalf of teams and automating business processes. At professional services firm EY, integrating AI required radical changes, like crafting guidelines for employee adoption and building its own AI platform. Marna Ricker is a Global Vice Chair at EY who oversees services delivered by more…
When Katherine Coffman presents her research findings about how gender stereotypes shape the behavior of men and women in the workplace, she is often asked: What about non-binary individuals?“People understandably keep asking, ‘What about people other than men and women?’ We know a lot of past [research] hasn’t included everyone,” says Coffman, the Piramal Associate Professor of Business Administration at Harvard Business School. A 2021 Williams Institute study found that…
This overturns the traditional thinking that regulatory T cells exist as multiple specialist populations that are restricted to specific parts of the body. The finding has implications for the treatment of many different diseases – because almost all diseases and injuries trigger the body’s immune system.Current anti-inflammatory drugs treat the whole body, rather than just the part needing treatment. The researchers say their findings mean it could be possible to…
At a recent Yale CEO Summit we convened online to mark the 50th anniversary of the invention of the internet in 1974, top Fortune 500 CEOs revealed how they are reinventing their businesses around artificial intelligence (AI), clean energy, and other emerging technologies. The most tangible, impactful implementations of AI are often taking place in traditional business sectors. As one of our speakers, Steve Case, the CEO of Revolution Growth,…
On June 17, the Valdai Club hosted a discussion on the outcomes of the 50th G7 Summit and its significance in terms of global politics. Andrey Sushentsov, moderator of the event, invited participants to consider how developments in international relations are likely to unfold over the months ahead. Dimitri Simes, Channel One Presenter, Founder and ex-President of the Center for the National Interest (USA), briefly outlined the agenda for the…