Research suggests that a worrying number of families are putting off major life decisions until they receive an expected inheritance. It could place their long-term finances at risk, but talking to your loved ones may identify ways you could offer support. According to a Canada Life survey, more than 1 in 5 UK adults who expect to benefit from the estate of a loved one are delaying major life events…
People in their late teens experience an increased sensitivity to threats after just a few hours left in a room on their own – an effect that endures even if they are interacting online with friends and family.This is according to latest findings from a cognitive neuroscience experiment conducted at the University of Cambridge, which saw 40 young people aged 16-19 undergo testing before and after several hours alone –…
Since 2016, strategic competition between the United States and the People's Republic of China has become a prominent feature of the evolution of the international system. Analysing the reasons for this rivalry is an important task in understanding contemporary international relations. Despite the recent 2024 US presidential election, which resulted in a change of leadership, most experts believe that the basic principles of American policy towards China will remain unchanged.In…
Taking a Slice Out of Parker: District Court Rejects Sixth Circuit’s Reimbursement Standard for Pizza Delivery Drivers | Wage & Hour Litigation Blog Skip to content
Launching a social justice startup takes more than a moving story. Ask Harley Blakeman, the 32-year-old founder of Honest Jobs.He has perfected his elevator pitch, but that doesn’t mean launching his business has been easy. A once-homeless teenager from Florida, Blakeman turned to selling drugs—a lucrative gig that taught him a lot about business but ultimately landed him in prison. Once he’d served his 14 months, Blakeman sought to build…
Artificial Intelligence (AI) is providing scammers with new ways to try and dupe you. One type of scam that’s on the rise that you should be aware of is “voice cloning”. Voice cloning uses AI technology to replicate the voice of a friend or family member. Fraudsters then use this to contact you to ask you to transfer funds or share sensitive information. It can be incredibly difficult to spot…
Today, banks use risk management to help drive strategic development for growth. This is a comprehensive approach to risk that insurers should aspire to emulate, especially as new risks are emerging more quickly and creating new challenges. According to a 2023–24 benchmarking survey from McKinsey, leading European insurers should look to reorganize their risk functions, build out the necessary capabilities, and elevate the status of chief risk officers (CROs) within…
Topics Leadership Talent Management Frontiers An MIT SMR initiative exploring how technology is reshaping the practice of management. More in this series Alex Nabaum/theispot.com Sarah, a manager in a bustling tech company, consistently delivers top results. Her team outperforms others, her strategic insights drive innovation, and her emotional intelligence allows her to easily navigate complex stakeholder relationships. By all measures, Sarah is an exemplary leader. Yet, when asked if she…
While inflation is stabilising in many major economies, markets continue to experience some volatility, which may have affected your investment portfolio. According to the latest International Monetary Fund’s Global Financial Stability Report, markets could be underestimating the risks of conflicts and upcoming elections. Indeed, the rising price of gold suggests some investors are seeking a safe haven amid news of interest rate cuts, the upcoming US election, and escalating tensions…
Yet the industry powers the New Caledonian economy, accounting for 20% of private sector jobs and 94% of exports. A nickel giant… Yet New Caledonia is one of the world’s top three producers of nickel, accounting for 6% of global production in 2023, albeit far behind Indonesia (50%) and the Philippines (11%). In 2023, the nearly 150-year-old New Caledonian nickel industry mined 230,000 metric tons of nickel to produce just over…
12 November 2024Christine LagardeComplacency in fighting climate change and preserving biodiversity is endangering our economic survival. The longer we wait, the higher the costs will be. Christine Lagarde, President of the European Central Bank, warns of the growing gap between the commitments made and the investment needed.We’ve all heard it time and again: either we tackle climate change and safeguard nature, or we face the steep price of our inaction.…
The Nusantara Archipelago has long been known to the Russian people. A merchant from the city of Tver, Afanasy Nikitin, mentioned a mysterious country in Southeast Asia called Shabot in his travel notes “Journey Beyond Three Seas” (1466-1472). According to historians, it could have been one of the kingdoms on the island of Sumatra in Indonesia. The writer Ivan Aleksandrovich Goncharov, in his work "The Frigate Pallada", talks about his…
Active portfolio management should always be “Plan A.” Corporations that consistently refresh their business mix outperform their peers in TSR by 3.5 percent over the long term, honing their portfolios to develop, acquire, and divest businesses to realize their enterprise strategy. The goal, after all, is not growth for growth’s sake but to maximize returns—which is achieved through a combination of growth and investing capital in an enterprise’s most important…
In a deSPAC transaction, the SPAC raises money through an initial public offering (IPO) with the intention of acquiring a company within a certain timeframe. When a suitable target is found, the SPAC and the target (could be a public company issuer) company merge, allowing the target company to go public without having to go through the traditional IPO process. You can learn more about this process and how public…
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 The rise of the gig economy and remote work has blurred the boundaries between primary jobs and side hustles. As employees seek to diversify their incomes or explore passions outside of their 9-to-5 jobs, side hustles are becoming a standard…
Quick Hits Nebraska voters approved marijuana use for medical purposes, but legal challenges remain. Ballot measures to legalize recreational marijuana failed in Florida, North Dakota, and South Dakota. A ballot measure to legalize psychedelic drugs was defeated in Massachusetts. On November 5, 2024, voters in Nebraska approved a ballot measure to legalize medical marijuana use, while voters in Florida, North Dakota, and South Dakota rejected measures to legalize recreational marijuana…
Chancellor Rachel Reeves delivered the new Labour government’s first Budget on 30 October 2024. Amid the announcements were key changes to Capital Gains Tax (CGT) and Inheritance Tax (IHT) that could affect your financial plan. Ahead of the Budget, prime minister Keir Starmer said it would be “painful” as there was a £22 billion black hole in the public finances. Indeed, Reeves went on to announce measures that would raise…
Decades after the internet’s debut, millions of Americans still lack access to high-speed broadband service. The Broadband Equity, Access, and Deployment Program (BEAD), part of the US government’s 2021 Infrastructure Investment and Jobs Act, provides $42.45 billion in federal funding to expand high-speed internet service across the country. By the end of 2024, all US states will mark an important milestone: they will be in a position to begin their…
It is perhaps no coincidence that the South Korean economy is also dominated by sprawling firms or chaebols. As we found in our study, now published as a working paper by the National Bureau of Economic Research, these large firms played a pivotal part in the growth miracle of the country of 52 million people.Using detailed firm- and sector-level data, we found that the top firms weren't just big; they became…
In an article published today in Lancet Planetary Health, a team of researchers – including several from the University of Cambridge – argue that much more needs to be done to mitigate the impacts of climate change on women, girls and gender-diverse individuals.Focusing specifically on the intersection between climate change, gender, and human health, the researchers call on countries to work harder to ensure there is gender equity within their…
Although hard to predict, even in the best of times, the fashion industry is in for a particularly tumultuous and uncertain 2025. A long-feared cyclical slowdown has arrived. Consumers, affected by the recent period of high inflation, are increasingly price sensitive. There is also the surprising rise of dupes, the acceleration of climate change, and the continued reshuffling of global trade. Regional differences, which came into focus in 2024, will…
The SCO understands existing difficulties and is taking steps to systematise multilateral cooperation, developing common goals and objectives, as well as strengthen the mechanisms for their achievement by the organisation's members.Thus, in 2023, the SCO Economic Development Strategy for the period up to 2030 was approved. In 2024, following the results of Kazakhstan's chairmanship, an Action Plan for its implementation was adopted. The institutional structure of the organisation is developing.…
The Department of Labor’s Expanded Cybersecurity Guidance: What ERISA Plan Sponsors and Fiduciaries Need to Know | Beneficially Yours Skip to content
Walt Disney’s time in Paris during the waning days of World War I helped shape him into a visionary entrepreneur who would ultimately build a beloved international brand. Dwight Eisenhower and Robert McNamara discovered the importance of humility and how to motivate subordinates from their service during military conflicts.As countries such as the United States, Canada, and the United Kingdom honor their veterans this month, Harvard Business School Professor Robert…
Renewable energy is booming. Power generation from renewable sources, such as solar and wind, is projected to grow from its current share of about 25 percent of total US generation, to about 45 percent, by 2030. Although this new renewable capacity will help meet net-zero climate policy goals, it’s also contributing to power price volatility—an impact that many energy players didn’t plan for. The intermittent nature of solar and wind…
Power and gas trading is undergoing a transformation. The global trading value pool for these commodities is growing by leaps and bounds. It hit nearly $33 billion in 2023, up 50 percent from the year before. But that’s only part of the story. The rise of renewable energy has introduced greater volatility into gas and power markets, increasing the value of optionality and drawing new market entrants. This is creating unique…
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 Corporate sustainability efforts are seemingly facing a slump of low enthusiasm, with some tired clichés like “sustainability always costs more” resurfacing. It’s a blunt, unnuanced argument. The business case for sustainability is still sound. Broadly speaking, when done well, sustainability…
Quick Hits Missouri voters approved a ballot measure to enact a law that will require employers to allow employees to use up to fifty-six (56) or forty (40) hours of earned paid sick time per year depending on the size of the employer. Employees will be entitled to start accruing paid sick time on May 1, 2025, and employers must provide written notice of the paid sick time by April…
Our latest enhancements strengthen core network capabilities for mission-critical applications running in the cloud. In an era defined by the transformative power of AI, industries are reimagining the possibilities of predictive analytics, automation, and real-time decision-making. AI is now ubiquitous, reshaping sectors from retail and finance to healthcare and biotechnology. While new applications harness AI’s potential, it’s the evolution of existing applications through generative AI methodologies that drives exponential progress.…
African people, businesses, and nations are becoming increasingly stressed by climate-related perils like droughts, river flooding, extreme heat, and rising sea levels. This is leading not only to the destruction of assets but also challenges to lives and livelihoods—not to mention disturbing the area’s peace, stability, and national security. And the situation is getting progressively worse, partly due to people migrating out of suddenly unlivable situations.“Governments and development finance institutions…
Despite huge efforts to improve operational processes over the past 20 years, critically important management processes are left up to the discretion of each manager to define. Some are good, some are bad. It all depends on their experience. There are no standards. But, management processes drive decision-quality and productivity, especially in the information age where group-dynamic is a lever of influence. Lacking good practices, organisations evolve their own sub-optimal…
Companies globally are looking to adopt Fourth Industrial Revolution (4IR) technologies to boost both productivity and sustainability. However, the path to success is fraught with challenges, from outdated legacy systems to the critical need for workforce upskilling. In some cases, companies need to overcome an image problem that makes it hard to recruit and retain the talent required to fill vacant production roles.In this episode of McKinsey Talks Operations, host…
For the Russian Federation, cooperation with partners in the Shanghai Cooperation Organisation (SCO) in multilateral and bilateral formats is one of the international priorities enshrined in the current Foreign Policy Concept of 2023 (hereinafter referred to as the FPC). Moreover, this not only details using the SCO's potential to develop relations on the Eurasian continent, in particular, to form a broad integration circuit - the Greater Eurasian Partnership (Clause 54…
Jing Jing Tsong/theispot.com Today’s top leadership priorities include attracting and retaining top talent, fostering innovative thinking and action, motivating employee performance, and enhancing stakeholder value in an increasingly diverse and competitive market. At the same time, many leaders have supported diversity, equity, and inclusion (DEI) initiatives to address inequities for marginalized groups. But our research shows that there is a broader opportunity to use DEI as a strategic lever in…
MOLLY WOOD: Today I’m talking to Delphine Zurkiya, senior partner at the strategy and management consulting firm McKinsey and Company, maybe you’ve heard of it. Zurkiya works at the intersection of technology and healthcare, helping medical and life sciences companies accelerate their digital and AI transformations and their growth. She’s also a member of the McKinsey Technology Council and currently leads generative AI initiatives for her division of the company.…
Although capital deployment is strongly linked to enterprise value (EV) and financial health, it has always been difficult to manage. The chemical industry is no exception.Our research finds that the chemical industry anticipates annual growth of 3 to 5 percent by 2030, a 4 percent increase in capital expenditures, and the reallocation of significant capital to meet strategic and operational objectives. At the same time, chemical companies have been grappling…
Product portfolios tend to grow. Companies add new products and variants all the time to meet specific customer needs, pursue new market opportunities, or exploit technological advances. They can also be reluctant to kill off older items, for fear of upsetting long-standing customers. Finding the sweet spot in a portfolio is an ongoing challenge. Offer too little choice and customers will choose to play elsewhere, costing the company revenue. Offer…
Topics Culture Champions Building a healthy culture is one of the most important — and hardest — leadership jobs. These articles, based on a webinar series and research by Donald Sull and CultureX, share actionable advice from leaders whose cultures produced exceptional business results and a world-class employee experience. More in this series subscribe-icon Subscribe Share Aleksandar Savic “We have a very long-tenured board member who said to me, ‘Every…
What You Need to Know: As we reported last week, paid sick leave initiatives were on the ballot and up for vote in three states – Alaska (“Ballot Measure No. 1”), Missouri (“Proposition A”), and Nebraska (“Initiative 436”). Notably, constituents in all three states have voted and passed their respective paid sick leave ballot measures[1]. The three paid sick leave mandates will go into effect on the following dates: (a)…
When people can no longer perform the everyday activities of life without some kind of assistance, the clear priority should be to ensure their health and dignity. Money should not be a prohibitive factor. Yet in too many cases, quality long-term care is hindered by financial concerns. Consider, for example, that Americans who live past the age of 70 can expect on average to spend $172,000 for long-term care over…