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HKEx’s Enhanced Climate Disclosure Requirements

On 14 April 2024, the Stock Exchange of Hong Kong Limited published conclusions to its consultation on the enhancement of climate-related disclosures under its environmental, social, and governance (“ESG”) framework. With effect from 1 January 2025, a new set of rules mandating climate-related disclosures (the “New Requirements”) will be added to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “Listing Rules”). The…

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New York’s Retail Workplace Violence Prevention Bill Signed Into Law by Governor Hochul

Quick Hits On September 4, 2024, Governor Kathy Hochul signed into law the New York Retail Worker Safety Act, a comprehensive measure intended to increase worker safety and address the hazard of workplace violence in retail settings. The act, which applies to retail employers with at least ten employees and requires, among other things, assessments of potential workplace violence hazards, adoption of written workplace violence prevention policies, and workplace violence…

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How the Transformation of the European Union into a Defensive Union Threatens to Militarise Europe

The European Union has already militarised Ukraine to the breaking point. It is logical that, out of supposed fear of Russia, the countries of the European Union, which form the first line of contact with Russia from the Baltic to the Black Sea, would embrace additional militarisation. The transformation of the European Union into a defence union is certain to lead to the further militarisation of Europe, Aleksandar Raković writes.…

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A look at the technology trends that matter most

Innovation and interest in the tech sector remain strong, despite market challenges and dips in investment. On this episode of The McKinsey Podcast, McKinsey technology experts Lareina Yee and Roger Roberts share findings from the McKinsey Technology Trends Outlook 2024 report. They talk with editorial director Roberta Fusaro about where innovation is exploding, interest is deepening, and investment is flowing.In our second segment, from our CEO Insights series, McKinsey partner Blair Epstein explores…

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When Waste Management Companies Pick Up AI Tools

Topics Data, AI, & Machine Learning AI & Machine Learning 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 A Waste Connections garbage truck driver was making his rounds in a quiet neighborhood. He got out of his front-loading truck, picked up a few trash barrels, emptied them into the…

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California Legislature Sends Governor Bill Prohibiting Employer ‘Captive Audience’ Meetings

Quick Hits California’s SB 399 would limit an employer’s ability to communicate with employees regarding political or religious matters during mandatory meetings. The bill’s definition of “political matters” includes matters relating to union organizing. The act provides employees with a private right of action that includes punitive damages. If signed by the governor, SB 399 would limit an employer’s ability to communicate with employees regarding political or religious matters during…

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What the real estate industry needs to know about experiential retail

Experiential retail is a growing way for retailers to draw in shoppers, increase omnichannel sales, and build their brands. Real estate owners and operators that can attract experiential retailers can benefit in multiple ways. Here’s what it takes. Katy McLaughlin: What is experiential retail? Colleen Baum: It’s a format designed to help customers touch and feel and experience products as well as get to know a brand. Experiential formats tend…

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Wage and Hour Around the Corner – A New Blog Series Chronicling the Brave New World of Wage and Hour

The rules governing the employment relationship are always changing. Laws creating new employer obligations, technology solutions making work more efficient and more complicated, and rules governing the resolution of disputes between employers and their workers are around every corner. Seyfarth’s Wage Hour Litigation Practice Group is excited to announce a new blog series, Wage and Hour Around the Corner, to help employers stay on the cutting edge of wage and…

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How to Turn Sustainability Enthusiasm into Action

The biggest sustainability challenge today is not a lack of enthusiasm. We observe many more business leaders every day who are eager to engage in sustainability efforts, driven by factors such as government regulations, societal expectations, stakeholder demands or their own aspirations.The real challenge lies in effectively harnessing this enthusiasm to create meaningful impact. This goes beyond companies monitoring their own carbon footprint; sustainability thinking in business should go beyond…

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German auto industry: Too much gravity

AuthorAnalyst+49(69)910-31730Deutsche Bank Research ManagementRobin WinklerVolkswagens’s recent public considerations to possibly shut down plants in Germany and lay off employees for operational reasons came like a bombshell. Nevertheless, we have been pointing out for some time that the balance between production and employment in the automotive industry in Germany is disturbed. Currently, domestic production (production index) is almost 23% below previous highs. Although employment has also fallen in recent years, the…

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Early career researchers win major European funding

Of 3,500 proposals reviewed by the ERC, only 14% were selected for funding – Cambridge has the highest number of grants of any UK institution.ERC Starting Grants – totalling nearly €780 million – support cutting-edge research in a wide range of fields, from life sciences and physics to social sciences and humanities. The awards help researchers at the beginning of their careers to launch their own projects, form their teams and…

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It’s Labor Day: Are you celebrating your workers or burning them out?

This last Labor Day should have been a day of rest—a chance for employees to recharge and reflect on the contributions they’ve made to their organizations. But for many workers, the reality was likely far from relaxing. A 2023 Gallup survey shows that only 32% of U.S. employees feel engaged at work, and burnout is hitting record levels. The American Institute of Stress also reports that 83% of workers deal…

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Diversifying global supply chains: Opportunities in Southeast Asia

The global supply chain is constantly changing, shaped by manufacturers around the world striving to limit risk, build resilience, manage costs, and explore new markets for production. As many manufacturers seek to reduce their dependence on a single supply source, Southeast Asia is emerging as a prominent manufacturing hub, reflected in the production changes in the region. Indonesia and Vietnam are currently leading the manufacturing and trade flow shifts, as…

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Children switch to walking and cycling to school after introduction of London’s Ultra-Low Emission Zone

Car travel contributes to air pollution, a major cause of heart and lung diseases including asthma attacks. Beyond this, it limits children's opportunities for physical activity, hindering their development and mental health, and increasing their risk of obesity and chronic illnesses.Despite UK guidelines recommending a daily average of 60 minutes of moderate-to-vigorous physical activity for school-aged children and adolescents, less than half (45%) of children aged 5-16 met these levels…

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Avoiding Harm in Technology Innovation

Research Feature To capitalize on emerging technologies while mitigating unanticipated consequences, innovation managers need to establish a systematic review process. Tania Bucic and Gina Colarelli O’Connor September 04, 2024 Reading Time: 20 min  Jedi Noordegraaf/Ikon Images The Research The authors interviewed five ethics and compliance executives about their companies’ ethical practices when commercializing emerging technologies. In a second round of interviews, 16 managers with roles in technology scouting, corporate venture…

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New Jersey Federal Court Denies Bid to Block Temporary Workers Bill of Rights Law

Quick Hits A federal district court in New Jersey denied a motion to partially enjoin the New Jersey Temporary Workers Bill of Rights, which seeks to equalize pay for temporary workers to that of permanent workers. The court ruled that while the plaintiffs have the potential to ultimately succeed on the merits of their ERISA preemption argument, on the current record, they failed to show a likelihood of success on…

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2 lesser-known ISAs that could help you build a nest egg for your children and grandchildren

If you’re a parent, you’ll likely want to make sure that your children and grandchildren have the best start in life. As such, setting aside wealth for your family might be a priority when creating your financial plan. You wouldn’t be alone in this as the Independent reports that the average UK parent has £4,001 saved for each of their children. Additionally, it’s estimated that parents who are actively saving…

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High cholesterol levels at a young age significant risk factor for atherosclerosis

The research also suggests that people who are taking lipid-lowering drugs such as statins to lower their cholesterol levels should remain on them, even if their cholesterol levels have fallen, as stopping treatment could increase their risk of atherosclerosis.Atherosclerosis is one of the major causes of heart and circulatory disease. It involves the hardening and narrowing of the vessels that carry blood to and from the heart. It is caused…

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How to Keep a Workplace Happy in a Divided Political Moment

Q: How do workplaces navigate this moment of intense, divided politics? It may be wise to pay attention to, “What do we want to create?” We may be better off focusing on how we talk to each other rather than what we say. A little bit less about content and a little bit more about process. In that circumstance, advocating for colleagues to take on your political position might not…

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USA, China, Russia: Multiplying Deterrence

Minimising the number of one’s enemies while multiplying one’s number of friends is a basic principle of diplomacy that has existed for centuries. The simplicity of the principle itself is more than compensated by the complexity of its practical implementation. In international relations, the price of friendship may be too high, limiting freedom of manoeuvre, while open hostility brings existing contradictions to the limit, radically resolving them in favour of…

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How the US Government Is Innovating in Its Efforts to Fund Semiconductor Manufacturing

Brian Kenny: From the moment your alarm sounds in the morning to the moment you put your smartphone on the nightstand, almost everything you do throughout the day involves one thing, a silicon chip. Your kitchen appliances, TVs and tablets, your treadmill, your ride to work, the office equipment you use. All of these things are powered by wafer-thin integrated circuits called chips. They're more than just important. Silicon chips…

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CEO and chairman Sean Doyle on British Airways’ transformation

Sean Doyle has spent most of his career at British Airways (BA) and was appointed CEO in October 2020 during the COVID-19 pandemic. Since then, Doyle has been focused on rebuilding the company to create a better BA for the airline’s colleagues and customers. Earlier this year, he announced a £7 billion transformation plan, the largest investment in modernization in its history, with more than 600 initiatives to transform the…

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In Asia, New Wars Are Opening Long-Dreamed-of Routes

The Houthis have turned the Red Sea into a no-go zone for Western ships and for vessels carrying goods to and from Western markets. With naval traffic decreasing in the main sea of globalisation, and with other routes being challenged by climate change and other factors, new opportunities for world trade are arising in Asia. The Houthis, so far, have caused more damage to Israel than Hamas and Hezbollah combined.…

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Retail’s outperformers: Lessons in value creation

When it comes to value creation, retailers have never had it easy. The challenges are well-known: consumer preferences and behaviors are fast changing and rarely predictable. Many retail businesses are highly dependent on supplier actions—a fact that’s become evident to consumers in recent years as supply chain disruptions resulted in rampant out-of-stocks. Given retailers’ heavy reliance on frontline workers, fluctuations in labor markets have a more pronounced effect on retail…

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Five Essentials for Marketing Performance Measurement Systems

Do your marketing metrics truly support your company’s strategic goals? If you’re puzzling over the right set of metrics, focus on continuous improvement. Rob Angell, Adam Sharp, and Tom Chapman September 03, 2024 Reading Time: 8 min  Carolyn Geason-Beissel/MIT SMR | Getty Images Successful marketers routinely capture key performance indicators, or metrics, to assess marketing performance within the allocated budget. This is known as a marketing performance measurement (MPM) system.…

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September 2024 Global Immigration Alert

Please note:  while we address certain country-specific updates, this Alert contains information regarding global requirements, policies, and procedures as they stand as of the date of publication. We highly recommend reviewing any global mobility inquiries on a case-by-case basis, including any consulate-specific or immigration authority resources, in “real-time” before traveling internationally. Please reach out to our Global Immigration & Mobility Team in advance of any international travel. Canada –  Visitor-to-Work…

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Is It Even Possible to Dam the Flow of Misleading Content Online?

As a polarizing US presidential election nears, moderating controversial content on social media poses a pressing problem for tech giants.But no matter how many employees they hire, lines of code they write, or new content policies they implement, major platforms face an overwhelming task. In the second quarter of 2023 alone, for example, Meta, Facebook’s parent company, took action on 13.6 million pieces of terrorism-related content and 1.1 million posts…

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The Fed Is Cutting Rates Soon. Should I Wait to Get a Loan?

The Fed is expected to cut interest rates in September. What does your research say about whether borrowers should wait to take out a loan? Our research shows that many people make the mistake of waiting to take out a mortgage or other long-term loan if the Fed is expected to lower interest rates in the future. By waiting, people hope to secure a lower interest rate on a long-term…

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Business Model vs. Operating Model: What Are The Differences?

Understanding the distinct roles of business models and operating models is essential for organizational success. With AI and digital disruption continuously introducing new value propositions, organizations must keep their strategies and operations aligned and current. Join us as we clarify each model’s differences and individual roles in business strategy to help your organization stay competitive […] The post Business Model vs. Operating Model: What Are The Differences? appeared first on Accelare.

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Problematic Tax Benefits

Economists are generally not fond of subsidies, as they often lead to market distortions and poor allocation of incentives. This also applies to tax benefits, which are among the most problematic forms of subsidies. It is no coincidence that the legislature notes in article 7, letter g of the Subsidies Act (Subventionsgesetz) that financial aid in the form of tax benefits should generally be avoided. This is because these financial…

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Navigating employee relations: The advisor’s role (Part 2)

In recent months, I’ve spoken to many HR professionals about all things employee relations or “ER.” What stood out was the challenging nature of the role of those in the ER. The role of ER has never been more valuable to Australian employers, whose workplaces have never been more regulated. Yes, compliance is a must, but meeting business objectives is also a must. ER is at the pointy end of…

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Study reveals ‘patchy and inconsistent’ end-of-life care

These are among the conclusions of Time to Care: findings from a nationally representative survey of experiences at the end of life in England and Wales, a new report funded by end-of-life charity Marie Curie and produced by King’s College London’s Cicely Saunders Institute, Hull York Medical School at University of Hull, and the University of Cambridge.Time to Care aims to describe the outcomes, experiences, and use of care services…

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Will Germany Re-Arm to Remain Trans-Atlantic?

A hundred years ago, the German army was in many ways similar to today's Bundeswehr. The armed forces of the Weimar Republic were small in number, had a radically reduced material and technical base, were recruited on a voluntary basis and, despite all this, remained an expensive burden for Berlin. The Treaty of Versailles limited Germany's military ambitions, guaranteeing France and Great Britain protection from German revanchism. The members of…

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Asia: The epicenter of global trade shifts

The world remains deeply connected by virtue of global trade, but the geometry of economies’ connections has been shifting. Some major economies are moving toward trading more with geopolitically closer partners, while others continue to deepen their international trade networks both geographically and across the geopolitical spectrum. Asia is at the forefront of this shifting geometry of global trade in all its shapes. How changing trade patterns will play out…

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Why competition with China is getting tougher than ever

3 September 2024By Alexander Al-Haschimi, Lorenz Emter, Vanessa Gunnella, Iván Ordoñez Martínez, Tobias Schuler and Tajda SpitalEuro area exporters are facing tougher competition from China. But why is that? The ECB Blog looks at the important role played by price competitiveness and the ongoing industrial upgrades being made in China.Euro area manufacturers have long benefited from Chinese exports, such as using cheap parts to produce their own finished products. In…

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How your mindset could affect your response to vaccines

It’s that time of year again – vaccine season. While most people can appreciate that vaccination is an amazing achievement, their enthusiasm might falter when it comes time to schedule and receive their own. And new research suggests that might influence how the vaccine affects them. Recently, researchers at Stanford University, Miami University, and the University of California, San Francisco, studied the effects of different types of positive and negative…

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Anti-inflammatory drug could reduce future heart attack risk

A cancer drug that unlocks the anti-inflammatory power of the immune system could help to reduce the risk of future heart attacks, according to research part-funded by the British Heart Foundation. By repurposing an existing drug, researchers hope it could soon become part of routine treatment for patients after a heart attack.The findings will be presented at the European Society of Cardiology Congress in London by Dr Rouchelle Sriranjan, NIHR…

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Strategic Significance of PM Modi’s Moscow Visit

Prime Minister Narendra Modi’s visit to Moscow, his first visit to Russia in five years, signifies the strategic importance India places in its relationship with Russia. This visit comes at a crucial time when India is perceived to be tilting towards the West, especially in the context of its foreign policy, which is aimed at counterbalancing China's influence. The visit underscores the multifaceted and evolving nature of India-Russia ties, which…

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Laid-Off Workers Gain Influence on Social Media, Raising Concerns for Employers

Some laid-off workers are becoming social media influencers, telling their layoff stories to thousands of followers and outsiders. Former employees generally are not prohibited from criticizing their former employer on social media if their comments are true and not defamatory. To protect their brand and public image, companies can offer severance agreements, including nondisparagement clauses, to laid-off workers. Hundreds of thousands of employees were laid off in 2023, especially in…

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