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☆ Premier League clubs spend record 2.36 billion pounds in transfer window
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +3 min

The transfer window, which was open from June 14 to Sept. 1, exceeded last year's record 1.92 billion pounds, with the top-flight clubs spending 255 million pounds on deadline day alone, it said. Premier League clubs were responsible for 48% of the spending across Europe's top five leagues including Spain's LaLiga, Italy's Serie A, Germany's Bundesliga and France's Ligue 1. "Nearly three-quarters of Premier League clubs (14) spent more this summer than the last, reflecting the increased intensity of competition. Champions Manchester City signed midfielder Matheus Nunes for 53 million pounds this week, having brought Jeremy Doku for 55 million pounds, defender Josko Gvardiol for 77 million and midfielder Mateo Kovacic for 25 million earlier. According to the report, almost half of the transfer fees received by Premier League clubs from overseas came from the Saudi Pro League club (SPL), which has the fourth-highest transfer spend of any league globally.

Persons: Chris Radburn, Spain's LaLiga, Tim, Todd Boehly, Moises Caicedo, Enzo Fernandez, Matheus Nunes, Jeremy Doku, Josko Gvardiol, Mateo Kovacic, Kai Havertz, Declan Rice, Rasmus Hojlund, Sandro Tonali, Harvey Barnes, Calum Ross, Pearl Josephine Nazare, Martyn Herman, Gerry Doyle, Hugh Lawson Organizations: Soccer Football, Premier League - Brighton & Hove Albion, West Ham United, American Express, Premier League, Deloitte, Serie, Bundesliga, Ligue, Deloitte's Sports Business, Chelsea, Clearlake Capital, Champions Manchester City, Arsenal, Manchester United, Newcastle United, Nottingham Forest, Saudi Pro League, Thomson Locations: Brighton, Britain, London, Bengaluru

☆ Here's how global trade will be key to unlocking the full potential of the green hydrogen market
▼ + stars: | 2023-08-29 | by ( Sponsor Post | Created Deloitte With Insider Studios | ) www.businessinsider.com time to read: +7 min

Inclusive, global trade is the keyFree trade can help lower the cost of energy transition. Deloitte's outlook showcases a steady hydrogen market growth, from $642 billion in annual revenue in 2030 to $1.4 trillion per year in 2050, in which green hydrogen comprises some 85% of the hydrogen market. Global trade between major regions can represent almost one-fifth of total clean hydrogen volume. The opportunity for developing economiesRegions with high renewable endowment and ample land availability could likely produce cost-competitive green hydrogen in quantities that exceed domestic needs. To find out more, read Deloitte's Green hydrogen: Energizing the path to net zero report.

Organizations: Government, Global, North, Deloitte Global, SAF, Deloitte Investments, Deloitte, Insider Studios, Deloitte Touche Tohmatsu Locations: North Africa, Australia, North America, East, South America, Africa, Japan, Korea, Europe, China, India, Middle East

☆ Deloitte's human-sustainability chief wants to help employees beat burnout. She says the best solutions go beyond vacation and office yoga — and involve undoing 100 years of routine.
▼ + stars: | 2023-08-25 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

To combat burnout, it will take more than vacations and a few yoga classes, she told Insider. To really fix what's wrong with work, Fisher said, we need to have deeper, more thoughtful conversations. Fisher said employers need to push back on the idea that workers who cut through piles of work must be in good shape. I was on my way to burnout and the downstream impacts of my actions and behaviors on my team were detrimental," she said. Her own journey toward a more balanced approach to work leaves Fisher optimistic that broader change is possible.

Persons: Jen Fisher, who'd, Fisher, Deloitte's Jen Fisher, Odette Fernandez Lopez, We've, we're, she's, they're Organizations: Deloitte, Service Locations: Wall, Silicon, chemo

The Deloitte company logo is seen at their office in Gurugram, India, June 13, 2023. The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani. "The Audit Committee (of Adani Ports) was of the view that the grounds advanced by Deloitte for resignation as Statutory Auditor were not convincing or sufficient to warrant such a move," it said. Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, it said in the statement. Deloitte in May first pointed to certain transactions flagged by Hindenburg in its report and gave only a qualified opinion related to Adani Ports, indicating concerns by a company's auditor.

Persons: Anushree, Gautam Adani, Hindenburg, Aditya Kalra, Ros Russell Organizations: Deloitte, REUTERS, U.S, Adani Group, GQG Partners, Sanghi Industries, Associates, BDO International, Thomson Locations: Gurugram, India, Adani Ports, Australia, New Delhi

REUTERS/Anushree Fadnavis/File PhotoNEW DELHI, Aug 11 (Reuters) - Deloitte has decided to resign as auditor of India's Adani Ports (APSE.NS) amid concerns over certain transactions flagged in a report by Hindenburg, which the company did not wish to independently look into, a source with direct knowledge said. Deloitte in May had pointed to certain transactions flagged by the U.S. short-seller in its report and gave only a qualified opinion, which indicates concerns by a company's auditor. Deloitte's resignation comes after it asked Adani Ports to conduct an independent inquiry on related party transactions flagged by Hindenburg, to which the company did not agree, the source said. Deloitte and Adani Ports did not immediately respond to Reuters' requests for comments. Deloitte's decision to quit as Adani Ports' auditor might come as soon as Monday, the source added.

Persons: Anushree, Hindenburg, Adani, Gautam Adani, Aditya Kalra, Sethuraman, Varun Organizations: Deloitte, REUTERS, May, U.S, Adani, Bloomberg News, Sethuraman NR, Thomson Locations: Gurugram, India, India's Adani, New Delhi, Bengaluru

☆ Gen Z workers are lazy, some bosses say. They don't do anything unless every second of their day is managed.
▼ + stars: | 2023-08-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Some Gen Z employees aren't sure how to interact in-person after starting their careers from home. "Lazy" younger workers need a lot of hand-holding, managers told The Wall Street Journal. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Despite perceptions of their managers, nearly half of Gen Z workers say it's not laziness that causes an inability to self-start but rather stress and anxiety. Deloitte's 2023 Gen Z and Millennial Survey found that many young professionals feel exhausted or disengaged at work.

Persons: Laura Davis, they're, Gen Zers, Boomer, Ivan Schury, he's, Schury, Z Organizations: Wall Street, Service, John Ball Zoo, Survey Locations: Wall, Silicon, UK, Germany, France, Poland, Japan

☆ UK CFOs turn wary as inflation and borrowing costs bite: Deloitte
▼ + stars: | 2023-07-16 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

"The burst of business optimism seen in the spring has faded under the weight of inflation and rising interest rates," Deloitte's chief economist, Ian Stewart, said. The survey showed early signs of cooling in the labour market with CFOs signalling a further easing in recruitment difficulties and a slowdown in wage growth. The survey of 69 CFOs - 13 of them from FTSE 100 firms and 21 from FTSE 250 companies - was conducted between June 15 and June 27. The CBI called on the government to deliver a clear and stable policy environment and offer incentives for investment, among other measures. ($1 = 0.7625 pounds)Reporting by William Schomberg, editing by David MillikenOur Standards: The Thomson Reuters Trust Principles.

Persons: Ian Stewart, Corporates, Rain Newton, Smith, William Schomberg, David Milliken Organizations: Finance, Deloitte, Bank of England, of British Industry, CBI, Thomson

☆ Parents are curbing back-to-school spending for the first time in a decade as inflation bites
▼ + stars: | 2023-07-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Parents are planning to spend less on back-to-school clothing and technology this year. Spending intentions on school supplies increased year-over-year, though parents have been searching for deals and discounts. New data from Deloitte's "Back-to-School Survey" revealed back-to-school spending for students between kindergarten and twelfth grade is expected to drop 10% for this upcoming school year, with major cuts to apparel and technology. Even as inflation comes down, parents' wallets are still hurting, leading many families to cut spending on non-essential items. Have you had to adjust your back-to-school spending this year?

Persons: Nick Handrinos, they'd, Handrinos, It's Organizations: Service, Survey, Deloitte, Consumer, Shoppers Locations: Wall, Silicon

Reuters GraphicsIndia is among the world's top exporters of services, doubling its share in global services trade to over 4% from 2% in 2005, according to WTO estimates. Sunil Talati, president of government-aided Services Export Promotion Council, said total services exports could overtake goods exports in the next five years to $750 billion. A report by Knight Frank consultancy last week said demand for office space has risen sharply in smaller cities, driven by expanding operations of global accounting and multinationals, pushing up rents by up to 10%. Domestic accounting firms are also moving to smaller towns and raising wages. "With the Big Four and other global firms coming to our cities, we are going even deeper to open offices in smaller cities."

Persons: Ernst & Young, Diksha Mehta, Debasish Mishra, PwC, Padmaja Alaganandan, Narendra Modi, Sunil Talati, Swagatika Parmanik, Knight Frank, Kshitij Patel, Shah, Manoj Kumar, Kripa Jayaram, Sam Holmes Organizations: Business, Diksha, Reuters Graphics India, Deloitte, KPMG, Export Promotion Council, Reuters, PwC, IBM, Manubhai, Shah LLP, Thomson Locations: BHUBANESWAR, India, Mumbai, Delhi, Bengaluru, Jaipur, Vadodara, Kochi, Chandigarh, Patiala, Australian, Europe, New Delhi, Asia, Odisha, Bhubaneswar, Gujarat, Ahmedabad

☆ Meet a millennial who makes up to 6 figures doing blue collar work after ditching law school during the Great Recession: 'We've always had that middle-class-life dream'
▼ + stars: | 2023-07-02 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

During the Great Recession, Doug saw a similar situation and decided to forgo law school. For Doug, blue-collar work has meant consistently high pay and the ability to buy a house. "I was trying to save up money to go to law school," he said. You're going to college, and then you're going to get a job and an office somewhere doing the thing. Have you made the shift to blue-collar work, or are you thinking about it?

Persons: Doug, —, Doug —, he'd, Z, we've, We've, it's, you'll, I'm Organizations: Service, Toyota, Marine, Coast Guard Locations: Deloitte's

☆ In a poll of 120,000 workers around the world, more than half were found to be 'quiet quitting,' and Gallup thinks it could cost the global economy $8.8 trillion
▼ + stars: | 2023-06-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Gallup says "quiet quitting," in which workers do the bare minimum, is a global phenomenon. Forty-four percent of respondents also said they'd experienced stress at work the previous day. Gallup's 2023 State of the Global Workplace report surveyed 122,416 employed respondents ages 15 and over in more than 160 countries from 2022 to 2023 and concluded that 59% of the workers worldwide were "quiet quitting." The report used respondents' answers to a series of 12 questions to split those surveyed into three categories at work: engaged, not engaged, and actively disengaged. Gallup's report estimated that such low engagement at work was costing the global economy $8.8 trillion, or 9% of global gross domestic product.

Persons: Gallup, they'd, —, it'd, Gallup didn't, Gen Zers, Zers weren't Organizations: Service, Gallup, Deloitte

☆ A subsection of tech is set to be worth $1 trillion. But taboos are holding it back
▼ + stars: | 2023-06-12 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +5 min

watch nowInvestors are ignoring a huge subsection of tech because it's considered "taboo" – despite the fact that it is set to be worth $1 trillion by 2027. But just 3.3% of digital health investment in the U.S. went towards women's health between 2011 and 2020, according to digital consultancy Rock Health. Research by Women's Health Access Matters suggests that a $300 million investment into improving female health could generate around $13 billion. It is now one of the largest companies in the FemTech space and has a revenue of $100 million. The issue of not understanding women's health – and the importance of female-specific health solutions – has deeper roots.

Persons: it's, Agostini, Karen Taylor, Tania Boler, Boler, Valerie Evans, they're, hasn't, Deloitte's Taylor, Brittany Barreto, we're, Barreto Organizations: Rock Health, Women's, Research, Getty, Centre for Health Solutions, Deloitte, CNBC, European Women, McKinsey & Company Locations: U.S

☆ Why Gen Zers and millennials are looking for second jobs
▼ + stars: | 2023-06-03 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

The high cost of living is the "top societal concern" of Gen Zers and millennials, a Deloitte survey found. Financial concerns have pushed 46% of Gen Zs and 37% of millennials to find a second job. The 2023 survey of more than 22,000 Gen Zers and millennials around the world found the high cost of living is the "top societal concern" of both generations, with 51% of Gen Zers and 52% millennials reporting they live paycheck to paycheck. Also, 46% of Gen Zs and 37% of millennials have taken on either a part- or full-time paying job in addition to their primary position, according to the survey. A March survey of 1,009 adults ages 24 to 35 by TIAA Institute found that 51% of Gen Zers and millennials don't expect to do as well financially as their parents.

Persons: Zers, Gen Zs, They're, —, Gen Zers, Zs, Michele Parmelee, Eve Upton, Clark, It's, millennials, Upton, Erik Baker Organizations: Deloitte, Service, Amazon, TIAA Institute, Harvard

☆ New York sends college acceptance letters to 125,000 high school seniors, but broader enrollment crisis may be hard to fix
▼ + stars: | 2023-06-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

"There's a broad-based drop in belief or trust in higher education as an institution," said Cole Clark, a managing director within Deloitte's higher education practice and co-author of a recent trends report. These days, only about 62% of high school seniors in the U.S. immediately go on to college, down from 68% in 2010. High schoolers are more interested in career trainingMost Americans still agree a college education is worthwhile when it comes to career goals and advancement. High schoolers are putting more emphasis on career training and post-college employment, the nonprofit found after polling more than 5,000 high school students six times since February 2020. Earning a college degree is almost always worthwhile

Persons: Bebeto Matthews, Cole Clark, Connie Livingston Organizations: Baruch College, Barclays Center, AP, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: Brooklyn , New York, U.S

☆ Here’s how A.I.-backed tools can help with worker stress and mental health
▼ + stars: | 2023-06-01 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +3 min

While employer-provided mental health benefits have been rising over the last few years, mental health continues to be a chronic problem with half of workers experiencing anxiety symptoms and over half of workers having depression symptoms, according to Deloitte's 2022 Mental Health in the Workplace report, which surveyed 3,995 people across 12 industries. In light of Mental Health Awareness Month, companies need to be intentional about choosing health and insurance plans that offer mental health resources, according to Grace Chang, CEO and co-founder of Kintsugi, a company that developed an AI-backed tool that detects signs of depression and anxiety by listening to someone's voice. After spending years trying to access mental health resources through her employer-sponsored insurance plans, Chang saw an opportunity to create mental health access using AI. "Some individuals just need help with day-to-day stressors, and AI tools like chatbots can point them to on-demand resources," Roberts said. AI helps employees get mental health diagnoses

Persons: Grace Chang, Chang, Lucy Roberts, Roberts, I'm Organizations: Istock, Mental Health Locations: OneDigital

☆ AI is the latest buzzword in tech—but before investing, know these 4 terms
▼ + stars: | 2023-05-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

ChatGPT, the viral chatbot that generates conversational responses to written inputs from users, has made artificial intelligence (AI) the latest buzzword in tech. AI took center stage at Google's annual developer's conference on May 10, where the company announced that its search engine would incorporate AI in order to synthesize search results for users. The company also plans to integrate AI into Gmail to help users write emails. The company has also infused its popular Microsoft 365 apps, including Word and Excel, with a new set of AI features dubbed "Copilot." Here are four AI terms to know.

☆ From Amazon to Wendy's, how 4 companies plan to incorporate AI—and how you may interact with it
▼ + stars: | 2023-05-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Artificial intelligence is no longer limited to the realm of science-fiction novels — it's increasingly becoming a part of our everyday lives. AI chatbots, such as OpenAI's ChatGPT, are already being used in a variety of ways, from writing emails to booking trips. In fact, ChatGPT amassed over 100 million users within just months of launching. AI's boom in popularity has many companies racing to integrate the technology into their own products. Here are four companies that are already utilizing AI's capabilities and how it may impact you.

☆ Almost half of Gen Zs have side jobs as money fears take over, survey finds
▼ + stars: | 2023-05-17 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Gen Zs and millennials are increasingly taking on second jobs as money concerns mount, a Deloitte survey says. Some 46% of Gen Zs currently have either a full- or part-time job in addition to their main one, a new Deloitte survey shows. For their 2023 Gen Z and Millennial Survey, Deloitte gathered responses from 14,483 Gen Zs and 8,373 millennials from 44 countries around the world. Data from Deloitte's survey shows that the cost of living is the biggest concern for millennials and Gen Z right now. "Economic concerns are hampering Gen Zs' and millennials' ability to plan for their future, and causing them to postpone major life decisions," she adds.

☆ Over half of Gen Z and millennials say they're struggling with the question of how to start a family while living paycheck to paycheck
▼ + stars: | 2023-05-17 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

A new Deloitte survey finds that over half of Gen Z and millennials live paycheck to paycheck. That also means Gen Z and millennials feel like starting a family or owning a home are out of reach. Indeed, cost of living remains the biggest concern for Gen Z and millennials, with over a third of Gen Z ranking it as a top concern, and 42% of millennials staying the same. Half of Gen Z and 47% of millennials said that they expect starting a family "to become harder or impossible." Are you a Gen Zer or millennial living paycheck to paycheck, and rethinking what your future will look like?

"Our commitment to Juventus is unchanged and no meetings have taken place," a spokesperson for Exor said when asked to comment by Reuters on Friday. Juventus also faces potential new penalties, including further points deductions, in a separate case over alleged irregularities in payments to players. The Agnelli family has owned the club, which it listed in 2001, almost uninterrupted since 1923. New potential co-investors could include Middle Eastern or Asian sovereign wealth funds, or U.S. funds or family offices, two sources said. Juventus ranked 11th in Deloitte's European Money League published in January, based on its annual revenue of 400 million euros in 2021/22.

☆ Generation Hustle: Gen Z Is Reshaping Work With More Jobs, Side Hustles
▼ + stars: | 2023-05-09 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

In the midst of an uncertain economy and precarious job market, Gen Z is turning up the hustle. According to a 2022 survey commissioned by Microsoft, 48% of Gen Z respondents were juggling multiple side hustles at once. Broken promisesWhile young people often work multiple jobs through college and early in their career, Gen Zers are extending the work hustle into their formal careers. But after watching that dream die for millennials, Gen Z isn't buying into what they view as a broken social contract. "So Gen Z has seen there's other ways to make money, even as a kid, through platforms like YouTube."

☆ Do digital transformations drive or destroy market value?
▼ + stars: | 2023-05-05 | by ( Sponsor Post | Created Deloitte With Insider Studios | ) www.businessinsider.com time to read: +7 min

Tim Smith, Deloitte Consulting's US leader for technology strategy & business transformationWhat digital actions drive the most market value? Digital Strategy adds value: Businesses that are making digital bets in line with enterprise strategy see market value gains, according to Deloitte's Unleashing Digital Transformation value analysis of over 4,500 publicly listed companies. Compared with digital strategy value gains, this action drove double the market value, according to our analysis. "While challenges may be ample across digital initiatives, our research revealed two risks to market value — both relate to digital change capability in unexpected ways." Digital strategy and strategy-aligned tech investments together — without a digital change capability — destroy the most value: Our analysis made it clear that digital change capability is a wild card.

☆ As part of the ‘cocktail culture,' consumers are still splurging on dinner and drinks
▼ + stars: | 2023-04-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"Sticker shock" has taken a toll, the report found, with consumers more likely to walk away from a purchase because the price is too high. Further, when it comes to discretionary spending, adults are more likely to treat themselves to dinner out or premium spirits rather than cosmetics. Consumers in the U.S. are four times more likely to have said their latest splurge purchase was food and beverages over personal care, Deloitte found. "Despite the tough economy, consumers continued to enjoy premium spirits and fine cocktails," Chris Swonger, president and CEO of the Distilled Spirits Council of the United States, said in a statement. "Cocktail culture continues to thrive in the United States," Swonger said.

☆ New reports say business travel isn’t going back to normal — ever
▼ + stars: | 2023-04-24 | by ( Monica Pitrelli | Rob Goss | ) www.cnbc.com time to read: +5 min

The days of high-flying, big-spending business travel may be over for good. As a new report by research company Morning Consult declared: Business travel will never return to normal. Tighter corporate budgets and new ways of virtual working have permanently changed business travel, according to the report, titled "Business, but Not as Usual." A different business travel model is slowly but surely becoming entrenched, crystallizing a "new normal" for the industry, according to the report. Bright spots for business travelBut there are several bright spots for those cheering the robust return of business travel, according to the reports.

☆ Groceries, gas, or Netflix? Gen Zers are dropping their streaming subscriptions as inflation hits.
▼ + stars: | 2023-04-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Nearly two-thirds of millennial and Gen Z consumers have canceled a streaming subscription in the prior six months, a Deloitte survey found. Insider spoke with five millennial and Gen Z consumers who blamed soaring inflation for driving them to cut subscriptions in favor of essentials like gas or groceries. On average, consumers spend $48 per month on streamers, Deloitte said. From Deloitte's 2023 Digital Media Trends survey: 32% of millennials and 30% of Gen Zers said they canceled a streaming subscription within the past six months in order to save money. Gen Z-ers, born between 1997 and 2009, were the runners-up with a 57% churn rate over the same period.

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