Business, Management, Marketing, Money, Tax, Law, People

Global growth is expected to remain stable and slow into next year, according to the International Monetary Fund (IMF). Its World Economic Outlook report, released in October, predicts global annual real GDP growth to be 3.2% in both 2024 and 2025, rising to 3.1% in five years’ time, a performance it describes as mediocre compared with the prepandemic average. Unsurprisingly, forecasts for 2024 and 2025 see emerging markets and developing…

As the earth continues to warm and concerns increase over climate risks ranging from extreme flooding to heatwaves, world leaders are gathered in Baku, Azerbaijan, for another round of climate discussions at COP29. For companies, the strategic consequences of climate action — particularly in the face of rising global uncertainties — are top of mind. Corporate leaders are thinking about how to meet their own net-zero goals, and how to…

“Update now or risk losing access to your company’s systems and services.” Executives have likely seen this kind of message regularly sent to their company-issued mobile phone or computer. And when it pops up, they know exactly what it means and why: upgrading a device’s operating system can help protect it against bugs or unlock new features for more effectiveness. As a leader, updates to your own operating system can…

Change can be challenging—and slow. Case in point: a decade of research on Women in the Workplace, conducted by McKinsey in partnership with LeanIn.Org, discloses several areas where women still lag behind their counterparts. In this episode of The McKinsey Podcast, McKinsey senior partners Alexis Krivkovich and Lareina Yee speak with global editorial director Lucia Rahilly about where women’s experiences have improved, stalled, and even worsened over the past ten years, as…

When İşbank decided to design a daily banking experience for the next generation, it found itself in a sector with more than 600 fintechs already competing to capture an exploding market with the tens of millions of young, digitally savvy customers. The bank assembled a team and challenged them to develop a banking app in just six months. The team delivered, and only three months into the pilot launch of…

Methane emission abatement and flaring reductions are central to global decarbonization, especially for the upstream oil and gas (O&G) sector. Upstream O&G accounts for roughly 7 percent of total global greenhouse gas (GHG) emissions, and half of that comes from methane.Since 2021, when many O&G players committed to the Global Methane Pledge (GMP), the call to cut methane emissions has only grown stronger. Regulatory, corporate, and social pressures are mounting…