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Not unlike dating, it's crucial to know the red flags that could come up in a job interview that signal it's not a good fit. Just as it's important to know your red flags, though, you should also have an idea of how to respond to them if they come up during your conversations. Additionally, being part of my community outside of work is really important to me. I do a lot of volunteer work, and it's really important to me that I have time to volunteer in my community. 1 job interview question to ask to spot a red flag, from an HR pro
Persons: Teresa Freeman, Let's, Freeman, I'm, we've Organizations: Deloitte
A judge ruled in favor of the FCA and agreed that remote work poses certain limitations. AdvertisementA senior manager at the Financial Conduct Authority in the UK had her requests to work from home full-time denied by a judge because of the "weaknesses" remote work poses. Elizabeth Wilson, a senior manager at the FCA earning a salary of £140,000 ($178,000) a year, sued the regulator after it rejected her request to work remotely full-time. His decision comes as other major companies roll back on remote work policies and enforce return-to-office mandates. The judge agreed with the FCA about the "weaknesses with remote working," and ruled that it was within its rights to deny her request.
Persons: , Elizabeth Wilson, Robert Richter, Wilson Organizations: Financial, Authority, FCA, Service, Citigroup, Lloyds
How to find a hobby
  + stars: | 2024-01-20 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +7 min
But if that's not for you — or if you're struggling to find something to do outside of work — experts shared how to find a hobby. The big storyA guide to finding a hobbyRobyn Phelps/InsiderHaving a hobby can help people tackle their work and personal life with more energy. Treat finding a hobby like a projectYou likely won't find the perfect fit immediately, Laura Vanderkam, the author of "168 Hours: You Have More Time Than You Think," told me. Or if they're also trying to find a hobby, ask what the people around them do for fun. Be patient but proactiveAdvertisementVanderkam told me that finding a hobby just takes a bit of time, experimentation, and being open to different things.
Persons: , that's, Robyn Phelps, I've, Alexis Haselberger, Laura Vanderkam, It'll, Vanderkam, Haselberger, they're, she's, Joey Hadden, andresr, Kornmesser NASA's James Webb, Gen, Patrick Pleul Organizations: Service, Business, Orient, Express, Volkswagen, Ford, Tesla, LinkedIn, ESO, ESA, Hubble, Kornmesser NASA's James Webb Space Telescope, IKEA, Getty, Ikea Locations: Venice, Brandenburg, Schönefeld, Dahme
The state of Wall Street's drug culture
  + stars: | 2024-01-19 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
In today's big story, we're looking at the state of Wall Street's drug culture. What's on deck:AdvertisementBut first, does Wall Street have a drug problem? The big storyHigh on Wall StreetVartika Sharma for BIOf the many stereotypes about Wall Street, one of the most prevalent is the industry's rampant drug use. From Martin Scorsese's "The Wolf of Wall Street" to HBO's "Industry," extreme drug use and working in finance are often portrayed as being hand-in-hand. Business Insider's finance team spoke to more than a dozen current and former finance professionals, along with several health professionals, to get a sense of Wall Street's drug culture these days.
Persons: , Jennifer Lopez's, Vartika Sharma, Martin Scorsese's, JAMES ARTHUR GEKIERE, Marty Chavez, Goldman Sachs, Chavez, that's, It's, Ted Shaffrey, Justin Sullivan, MGM Studios Jen Salke, Rachel Weisz, Alice Birch, MGM Studios Sue Kroll, Kevin Mazur, they'll, Josephine Maida, I've Organizations: Service, Business, BI, Sixth, Apple, Netflix, Big Tech, Tech, Amazon, MGM Studios, Apple Vision, Schlumberger Locations: Wall
PWC: 38% of CEOs optimistic on global growth prospects
  + stars: | 2024-01-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPWC: 38% of CEOs optimistic on global growth prospectsBob Mortiz, chair of PWC, discusses the global mega trends the firm's CEOs are expecting to face in 2024, and how the undergoing sentiment among the C-suites is one of positivity.
Persons: Bob Mortiz
Expect to see a record rate of CEO turnover this year, PwC's Tim Ryan said at Davos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We will see more turnover in the C-Suite in the next 12 months than we have ever," Tim Ryan, PwC senior partner, told Business Insider at the World Economic Forum in Davos , Switzerland this week. CEO turnover is already high. AdvertisementCorrection: Thursday, January 18, 2024 — This article has been updated to reflect Tim Ryan's current title, which is senior partner at PwC.
Persons: PwC's Tim Ryan, , Tim Ryan, PwC, Ryan, you've, You've, isn't, Gray, Chris Licht, GameStop's Matthew Furlong, Jeff Shell, Ron Shaich, Tim Ryan's Organizations: Davos, Service, Economic, NBC, Economic Policy Institute, East Locations: Davos, Switzerland, PwC
DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos. In a sign of ChatGPT maker OpenAI’s skyrocketing profile, CEO Sam Altman is making his Davos debut to rock star crowds, with his benefactor, Microsoft CEO Satya Nadella, hot on his heels. Illustrating AI’s geopolitical importance like few other technologies before it, the word was on the lips of world leaders from China to France. Here's a look at the buzz:OPENAI OPENING BIG AT DAVOSPolitical Cartoons View All 253 ImagesThe leadership drama at the AI world's much-ballyhooed chatbot maker followed Altman and Nadella to the swanky Swiss snows. China, one of the world’s centers of AI development, wants to “step up communication and cooperation with all parties” on improving global AI governance, Li said.
Persons: OpenAI’s, Sam Altman, Satya Nadella, Altman, Nadella, , OpenAI, Klaus Schwab quizzed, Li Qiang, , Li, Ursula von der Leyen, Emmanuel Macron, Google's Bard, he's, can’t, Julie Sweet, Arvind Krishna, Yann LeCun, LeCun, ____ Chan, Matt O'Brien Organizations: Davos, DAVOS, Bloomberg, Microsoft, , European, EU, Accenture, AP Locations: DAVOS, Switzerland, Davos, China, France, Swiss, percolated, afterparties, Europe, Britain, Valley, London, Providence , Rhode Island
Some CEOs expect at least a five percent reduction in employees in 2024 thanks to AI, PwC found. Leaders in media, banking, and insurance are most likely to expect AI job replacement, study shows. Workers should learn how to use AI on the job to reduce company costs, PwC's AI lead told BI. When it comes to generative AI, many CEOs said they see adopting the technology as an opportunity to increase revenues and boost efficiency. "Some of those efficiency benefits appear likely to come via employee headcount reduction — at least in the short term — with one-quarter of CEOs expecting to reduce headcount by at least 5% in 2024 due to generative AI," PwC said.
Persons: PwC, , Bret Greenstein, Greenstein, Goldman Sachs, Kristalina Georgieva Organizations: Workers, Service, The Conference Board
Political Cartoons View All 253 ImagesZelenskyy is following that up with his first trip to Davos as president after speaking by video in previous years. The corporate chiefs will hear “what kind of immediate assistance is needed” and lay out how private and public sectors can help Ukraine rebuild one day, forum organizers say. The session will draw NATO leader Jens Stoltenberg, German Vice Chancellor Robert Habeck and U.S. envoy for Ukraine's economic recovery, Penny Pritzker, among others. While the geopolitical situation has oozed gloom, businesses appear more hopeful — in part from prospects that artificial intelligence can help boost productivity. Leading Western stock indexes shot up in 2023, and falling inflation raised hopes of a decline in interest rates.
Persons: Volodymyr Zelenskyy, Zelenskyy, Jordan, Premier Li Qiang, Ursula von der Leyen, Jake Sullivan, Donald Trump —, Putin —, White, Viola Amherd, Jens Stoltenberg, Robert Habeck, Penny Pritzker, Gitanas Nauseda, José Manuel Albares Bueno, Satya Nadella — Organizations: European Union, Russia, Hamas, Premier, United States, Ukraine, , Bruins, Spanish, Microsoft Locations: DAVOS, Switzerland, Swiss, Davos, United States, China, Qatar, Zelenskyy, Russia, Bern, Ukraine, , East, Europe
The CEOs' expectation of economic decline has dropped to 45% from a record-high 73% last year, and fewer saw their company as highly exposed to the risk of geopolitical conflict, according to the PwC Global CEO Survey. Political Cartoons View All 253 ImagesThe executives, meanwhile, felt worse about the prospects for their companies' ability to weather big changes. Similar to AI, the PwC survey shows that the climate transition is both an opportunity and a risk. An increasing number of CEOs — nearly a third — say climate change was expected to shift how they do things over the next three years. The PwC survey of 4,702 CEOs in 105 countries and territories was conducted from Oct. 2 to Nov. 10.
Persons: Yemen’s Houthi, ” Bob Moritz, ” PwC, Edelman, Richard Edelman, , ___ Masha Macpherson, David Keyton Organizations: , PwC, PwC Global, Survey, Bank, PricewaterhouseCoopers, Associated Press Locations: Davos, Switzerland, Ukraine, Red
These workers in accounting, product management, defense, and music quit their jobs to work in AI. Moritz Kremb quit his product manager job to focus on his AI business. Ted Lebantino says there's a high learning curve in developing AI skills. To make the jump into AI, Kremb suggests making a name for yourself on social media by creating content about AI. As for Fineberg, the AI startup CEO says you don't even need to quit your job to break into it.
Persons: , Moritz Kremb, OpenAI's ChatGPT, Kremb, Weeks, Moritz Kremb There's, who've, Justin Fineberg, there's, Justin Fineberg Justin Fineberg, Uber, Fineberg, Jacqueline DeStefano, Tangorra, Lockheed Martin, Ted Lebantino, — Lebantino, Javier Orman, Javier Orman DeStefano, DeStefano, Orman, switchers Organizations: Service, Business, Meta, Netflix, New Yorker, Omni Business Intelligence Solutions, Lockheed, San Francisco Bay Area, LinkedIn Locations: New, New York, Long, San Francisco Bay, Chicago
While much of Europe's startup ecosystem has been hobbled by the rocky macroeconomic environment and soaring interest rates, climate tech has continued to lure funds from venture capitalists. Many climate tech companies work with hardware, meaning debt financing is also an attractive non-dilutive option for working capital between funding rounds. Global private market equity and grant funding for climate tech startups is actually down – it slid 40% to $65 billion in the 12 months ending September 30, according to PwC. Some smaller climate tech companies have made cuts, including vertical farming company InFarm, which retreated from Europe and was declared bankrupt in the Netherlands. Generally, however, layoffs have been a boon for climate as big tech talent has moved into or launched climate tech startups.
Persons: , Siobhan Brewster, Atomico, Brewster, Piotr Bukanski, Mike Schroepfer, Greg Sandoval, retrofits, Barcelona's, Balderton Capital's Magda Lukaszewicz, Stuart Ferguson, Schroepfer, Warner, Aenu's Brewster Organizations: Service, Business, Venture, Energy, Beringea, Gigascale, Sustainable Ventures, Silicon Valley Bank, Global, Ada Ventures Locations: London, Europe's, Ukraine, United States, Europe, Silicon, Netherlands
While another third (32%) said they have not made the spending decision, only 13% said they would not be acquiring similar gen AI capabilities. Microsoft has pointed to customers including Visa, BP, Honda and Pfizer using Copilot, and professional services firm partners on Copilot AI including Accenture, EY, KPMG, and PwC. And even amid the hype, it's important to keep in mind that as gen AI spending grows, it is still dwarfed by companies' cybersecurity budget needs. That means roughly $5 will be spent on security for every dollar spent on gen AI. But it's growing, and for now at least, when it comes to the billions in gen AI spending, Microsoft is in the pole position.
Persons: Dan Ives, Google Bard, Satya Nadella, Sam Altman, Altman, Jason Wong, Wong, Joe Atkinson, That's, Copilot, It's, Gartner, it's, Will, John Lovelock Organizations: Microsoft, Wedbush Securities, " Enterprises, Google, CNBC Technology, Survey, Gartner, Visa, BP, Honda, Pfizer, Accenture, EY, KPMG, CNBC, CNBC TEC, SAP, Adobe, Amazon Web, Meta, SharePoint Locations: San Francisco , California, U.S, Copilot, Salesforce, that's
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. The market is pricing an almost 100% chance of a hold on Thursday, according to LSEG, with economic data since the Bank's last meeting proving largely inconclusive. The latest labor market data on Tuesday indicated a continuation of recent trends, with unemployment remaining broadly flat and vacancies continuing to decline at pace. Average pay including bonuses fell by 1.6% between September and October, versus an average monthly growth rate of 1.1% in the first half of the year. "An unchanged forward guidance will also serve the MPC well to push against the current market pricing of Bank Rate which assigns an increasing probability to cuts in H1 2024," they said.
Persons: BOE, Hollie Adams, Jake Finney, Finney, Abbas Khan, Jack Organizations: Bank of England, City of, Bloomberg, Getty, Monetary, Federal Reserve, Reuters, Bank, Barclays, MPC Locations: City, City of London
AI is shaking up the workplace and freeing junior employees from monotonous tasks, Bloomberg reports. Major consulting and law firms are using AI to do tasks typically given to junior workers. This saves time for junior workers, letting them take on projects and get promoted more quickly. AdvertisementAI is changing the way that junior employees at major consulting and law firms work. It usually takes junior workers at law firms and major consulting companies at least a decade to work up to the partner position, according to Bloomberg.
Persons: , Business Insider's Aki Ito Organizations: Bloomberg, Service, KPMG, Business
Matthew Lieberman, CMO at PwC, shares his tips for marketing leaders on how to amplify creativity. Here are three ideas to help marketing leaders help creativity thrive. AdvertisementYou can then use marketing technology to design, monitor, and report on a data-driven campaign that will help amplify creativity's impact. Show the moneyAs the saying goes, follow the money, and a lot of money is going to marketing technology. It's why marketing leaders will always need to find, encourage, and amplify creativity in the people on their teams.
Persons: Matthew Lieberman, Organizations: PwC, Invest, Service, Tech
Despite an overall slump in startup funding, 2023 saw a scramble among investors to pour money into AI and machine learning startups. And the company's star still appears to be rising, despite a messy leadership struggle that recently spilled into public view. Meanwhile OpenAI's perennial rival Anthropic attracted multi-billion dollar investments from both Google and Amazon to fund a competing AI model known as Claude. At the same time legacy companies from John Deere to accounting firm PwC played up their AI bona fides to capitalize on the hype. The list doesn't include startups who have not publicly released the amount of their funding rounds.
Persons: OpenAI, Anthropic, Claude, Databricks, John Deere, PwC, Fresh Organizations: Microsoft, Google, Alpha, Technology, Monogram, Sigma, Lambda, Helsing, Metals, Eagle Eye, Amelia, Asimov, Farmers Business, Harbinger, Prins, Silo, Mistral, Alto, AMP, Management Software, Universal, Coro, Kodiak Robotics, Aerospace, Defense, Sana, Corti, Kyte, Mitra, Tech, Boss Digital Technology, Halcyon, & $ Locations: PitchBook
John Kerry, President Joe Biden's climate envoy, is expected to announce at COP28 a global strategy in nuclear fusion. If it is produced using renewables like wind or solar power, as opposed to fossil fuel generated power, it is called green hydrogen. Governments and companies think green hydrogen could be a way to clean up hard-to-decarbonize industries like steel and cement-making and other industrial manufacturing. PwC said technologies like green hydrogen and reducing food waste have relatively high emissions reduction potential, but are receiving a small share of start-up investment. In 2023, green hydrogen got 3.9% of global climate-tech venture funding, while food waste got 0.7%, it said.
Persons: PwC, John Kerry, Joe Biden's, David Schatsky, Schatsky, Timothy Gardner, Richard Valdmanis, Diane Craft Organizations: International Energy Agency, Fusion Industry Association, FIA, Companies, Deloitte, Entrepreneurship, Reuters, Thomson Locations: Olfus, Iceland, Dubai, United States, Texas, Louisiana, Australia, China, Germany, Japan, U.S, ASIA, AFRICA, France, India, Asia, Africa
More than 1,000 workers at PwC China and PwC Hong Kong engaged in training-exam misconduct from 2018 to 2020, according to the PCAOB. Photo: Alyssa Schukar for The Wall Street JournalThe Public Company Accounting Oversight Board fined PricewaterhouseCoopers’s China and Hong Kong units over training exam misconduct from hundreds of employees as part of its first set of enforcement settlements with audit firms in the region since it gained full access to inspect them late last year. PwC Hong Kong and PwC China agreed to pay a combined $7 million to settle claims that they failed to detect or prevent extensive and improper answer sharing on tests for mandatory internal training courses, the U.S. auditing watchdog said Thursday.
Persons: Alyssa Schukar Organizations: Wall Street, Company Locations: China, Hong Kong, PwC Hong Kong, U.S
Explainer-Can Technology Solve the Global Climate Crisis?
  + stars: | 2023-12-01 | by ( Dec. | At P.M. | ) www.usnews.com   time to read: +6 min
John Kerry, President Joe Biden's climate envoy, is expected to announce at COP28 a global strategy in nuclear fusion. If it is produced using renewables like wind or solar power, as opposed to fossil fuel generated power, it is called green hydrogen. Governments and companies think green hydrogen could be a way to clean up hard-to-decarbonize industries like steel and cement-making and other industrial manufacturing. PwC said technologies like green hydrogen and reducing food waste have relatively high emissions reduction potential, but are receiving a small share of start-up investment. In 2023, green hydrogen got 3.9% of global climate-tech venture funding, while food waste got 0.7%, it said.
Persons: Timothy Gardner, PwC, John Kerry, Joe Biden's, David Schatsky, Schatsky, Richard Valdmanis, Diane Craft Organizations: Reuters, International Energy Agency, Fusion Industry Association, FIA, Companies, Deloitte, Entrepreneurship Locations: Dubai, United States, Texas, Louisiana, Australia, China, Germany, Japan, U.S, ASIA, AFRICA, France, India, Asia, Africa
Hong Kong CNN —A US regulator has hit the China arm of prestigious “Big Four” firm PwC with a $7 million fine. In its announcement, the PCAOB said the practice was widespread, involving more than 1,000 employees from PwC Hong Kong, and hundreds more from PwC China. It fined PwC $7 million in total, with its entities in Hong Kong and mainland China ordered to pay $4 million and $3 million, respectively. The mainland Chinese arm works in collaboration with its Hong Kong and Macao offices, collectively boasting a headcount of more than 20,000. On Thursday, the US regulator also penalized a mainland Chinese accounting firm for violations, including issuing a false audit report.
Persons: , Erica Y, Williams, ” PwC, , Shandong Haoxin Organizations: Hong Kong CNN, US Public Company, PwC, US, Shandong Haoxin Locations: Hong Kong, China, Macao, Shandong Haoxin, Shandong
Almost half — 47% — of SMEs who have experienced problems with international payments say they have become less confident about sending money across borders and as a result send fewer payments overseas. "The market expectation is that the user experience for domestic payments can be replicated with cross-border payments. However, cross-border payments still face a lot of challenges. "Against this backdrop, it's never been more crucial for cross-border payments to arrive safely. The G20 Roadmap for Enhancing Cross-Border Payments aims to make such transactions "cheaper, faster, more transparent, and more accessible" by 2027.
Persons: Rasika Raina, Mastercard's, Raina, it's Organizations: Mastercard, Research, Insider Studios
Allbirds was one of the last startups to go public in 2021's IPO biltz. "You need to be a great company, you need to be profitable," says Allbirds cofounder Tim Brown. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Going public before turning profitable is a thing of the past, according to Allbirds cofounder and chief innovation officer Tim Brown. "You need to be a great company, you need to be profitable," he told Business Insider.
Persons: Allbirds, Tim Brown, , Klaviyo, Lerer, confidentially, PwC, Spencer Platt, Champagne, Brown, Joanna Glasner, Didi, Rivian Organizations: Service, Time Magazine, Maveron, Tiger Global, Casper Locations: Instacart, Silicon, Americas, Allbirds, Ukraine
Widespread mobile ownership, together with rapid digitalization after the pandemic, helped spur the expansion of digital financial services in Southeast Asia, said PwC. PwC"This enhanced availability and convenience of digital payments will see the bulk of the regional population leveraging mainstream digital financial products, such as e-wallets, further expediting the expansion of financial services," said PwC. watch now"Consumers are adopting digital financial services at a rapid pace. Cash is no longer king, as digital payments now make up more than 50% of the region's transactions," a recent Google, Temasek and Bain & Company report wrote. "In some regions such as Southeast Asia, [digital payments via e-wallets] are already more common than physical card payments and set to dominate point-of-sale [systems] overall," wrote Dan Jones and Alex Walker of OliverWyman.
Persons: PwC, hawkers, , Cash, Dan Jones, Alex Walker of OliverWyman Organizations: Banking, Getty, Careem, Mercado Libre, Temasek, Bain & Company Locations: China, East Asia, Shanghai, Banking Asia, Asia, Southeast Asia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Brunei, Laos, Cambodia, Paytm, India, AliPay, Latin America
Here, Freeman and Sharghi share some common awkward situations that can disrupt a job interview, and how to recover from them with grace. If you're alerted that your interview will run behind schedule, it's appropriate to remind the recruiter about your own time constraints. "It all boils down to communication and being transparent with the recruiter," Sharghi says. Your phone goes offIn 99% of cases, if your phone goes off mid-interview, don't answer it, Freeman says. The interviewer is giving you zero energySometimes you may feel you're giving your most high-energy, best first impression, but you're getting little positive feedback from your interviewer, Freeman says.
Persons: Teresa Freeman, Farah Sharghi, Freeman, Sharghi, you've, stow, it's, I'm, Organizations: Deloitte, Google
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