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ASEAN, the 10-member Association of Southeast Asian Nations, includes Thailand, Singapore, Malaysia and Vietnam. For investors seeking emerging market exposure, Southeast Asia fits the bill, because of the region's strong economic growth and increasing population, analysts say. Some Southeast Asia companies seeking listings in the U.S. look to raise between $300 million and $1 billion, with valuations ranging from $1.5 billion to $8 billion, bankers said, without naming any firms. "International investors are seeing the value of portfolio diversification that Southeast Asia provides," Tay added. The expected pickup in Southeast Asian listings, however, could get derailed by share volatility and stringent investor scrutiny, analysts say.
Persons: DoubleDragon, Leif Schneider, Sunil Khaitan, Kelvin Teo, Andrew Lim, Tay Hwee Ling, Tay, Anuruk Karoonyavanich, Yantoultra Ngui, Scott Murdoch, Sumeet Chatterjee, Miral Organizations: Nasdaq, REUTERS, U.S, IPOs, Gushcloud International, Sunday, Reuters, VNG Corp, ASEAN, Association of Southeast Asian Nations, Carsome, Southeast, Bank, America's, U.S ., Deloitte, International, DBS, Thomson Locations: New York City, U.S, Asia, SINGAPORE, SYDNEY, United States, Singapore, New York, Philippine, Washington, Beijing, Vietnam, Thailand, Malaysia, Indonesia, Southeast, Southeast Asia, China, Sydney
The study of 'Xi Jinpeng Thought' in state-owned Chinese companies has been mandated. But now employees of foreign firms are being pulled into the 'study sessions' as well. First published in 2017, Xi Jinping thought lays out 14 principles by which China will prosper. China's President Xi Jinping Lintao ZhangIn addition to the pressure to study of Xi's doctrine, new laws have limited international banks' abilities to operate as normal in China. "Foreigners and foreign organisations in mainland China shall comply with Chinese law and must not endanger China's national security, harm the societal public interest, or undermine societal public order,'" the law states, per The FT.
Persons: Franklin Templeton, Xi, Xi Jinping, Mao Zedong, Deng Xiaoping, Jiang Zemin, Xi Jinping Lintao Zhang Organizations: CCP, Service, Blackrock, Bloomberg, BlackRock, Marxist, Deloitte Locations: Wall, Silicon, China
He’d fractured his skull, and a large blood clot formed on the left side of his head. Surgeons had to remove a large chunk of his skull to relieve pressure on his brain and to remove the clot. “Getting a piece of my skull taken out was crazy to me,” Mr. Marr said. “I almost felt like I’d lost a piece of me.”But what seemed even crazier to him was the way that piece was restored. His prosthesis, which is covered by his skin, is embedded with an acrylic window that would let doctors peer into his brain with ultrasound.
Persons: Tucker, He’d, ” Mr, Marr, , I’d, . Marr Organizations: Surgeons, Deloitte
But US businesses are still actively experimenting with generative AI in the workplace. August marked the third consecutive monthly decline in ChatGPT's global web traffic, and the average time spent on the platform has fallen. Meanwhile, 24% said they were reading and talking about them, and 15% said their organizations had already incorporated generative AI into their business strategies. AdvertisementAdvertisementForty-five percent of the executives surveyed said they hoped to use generative AI to increase productivity . Improving AI technologies could make this sort of monitoring even easier and more prevalent .
Persons: ChatGPT, There's, haven't, Sam Altman, Jobs Organizations: Service, UBS, Deloitte, North American, McKinsey, Atlantic, Companies Locations: Wall, Silicon, Swiss
The consulting giant announced a new AI platform and its own large language model. The company now plans on teaching its 400,000 employees how to use AI in the workplace. AdvertisementAdvertisementClient data will not be used to train the model, the company added, and any prompts fed to EY.ai EYQ "are not retained or used by the model," an EY spokesperson told Insider. The company will train all 400,000 of its employees to use the technology, a spokesperson told Insider. Last December, Deloitte announced a $1.4 billion investment in professional development services, including trainings on how to use AI.
Persons: Ernst, Young, Carmine Di Sibio, EY, PwC Organizations: Service, Ernst, Street Journal, Microsoft, Big, KPMG, Deloitte, Walmart, Meta, Netflix Locations: Wall, Silicon
Checkers & Rally'sLast year, Checkers & Rally's became one of the first big chains to implement widespread use of AI-powered voice assistants. Out of the 803 Checkers and Rally's restaurants, voice AI was live in 390 as of August. AdvertisementAdvertisementSoundHound, best known as a music-recognition app, has spent years perfecting its conversational voice AI bots. Sister burger chains Carl's Jr. and Hardee's also announced plans to test Presto's AI voice bots this year. Hardee's and Carl's Jr. are also testing voice AI bots by OpenCity.
Persons: DoorDash, Deloitte, Keyvan Mohajer, it's, Mohajer, Schier, Rally's, Domino's, ConverseNow, SoundHound, SoundHound's Mohajer, Beef, Chippy, Rebecca Harrington, McDonald's, Carl's Jr, Del, Carl's, Hardee's, Presto, Taco, Chris Turner, Turner, Taco Bell Organizations: Service, Chipotle, Industry, National Restaurant Association, Deloitte, Wingstop Tech, Anthony's, Slim, Dialog, Taco Bell, Taco, Yum Brands Locations: White, Wall, Silicon, McDonald's, Texas, California , Texas, Florida, Chicago, Thai, Newport Beach , California, Del Taco, Mexican, Southern California, Taco Bell's
Family enterprises have historically focused on legacy, pride in what they built, and passing down success through generations. This nimble structure gives family enterprises an advantage in adopting new innovations when the leadership sees or endorses the potential benefits. With passion for their legacy and proper planning, family enterprises can set themselves up for success far into the future. But as anyone who's been involved in running a family business or family office will know, emotions can run high among relatives. Click here to learn more about how Deloitte Private can help thriving family enterprises transform ideas into action.
Persons: Adrian Batty, they've, Batty, they're, who's, " Batty Organizations: Deloitte, Family Enterprise, Deloitte Private, America, Insider Studios Locations: Australia
Deloitte predicts soft holiday sales
  + stars: | 2023-09-13 | by ( Courtney Reagan | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeloitte predicts soft holiday salesCNBC's Courtney Reagan joins 'Squawk on the Street' to discuss holiday spending and more.
Persons: CNBC's Courtney Reagan Organizations: Deloitte
Energy firms have sharply increased shareholder returns on the back of high energy prices after years of overspending on production growth. Oil and gas companies led all industries in cash distribution to shareholders in 2022, with a combined 8% dividend and buyback yield, Deloitte said. But investors holding $2.3 trillion of equity in the global oil and gas industry are changing their expectations about growth markets faster than energy company executives, Deloitte said. About 75% of surveyed investors stated that they would continue holding shares to accelerate investments in lower-carbon technologies, even if yields shrank to as little as 3%. About 43% of surveyed investors emphasized battery storage as their key area for investment.
Persons: Chen Aizhu, Kate Hardin, Hardin, Sabrina Valle, Jamie Freed Organizations: China National Petroleum Corporation, Dalian Petrochemical Corp, REUTERS, Deloitte, . Energy, Oil, Exxon Mobil, Chevron, BP, Shell, Thomson Locations: China, Dalian, Liaoning province, HOUSTON
Hybrid work continues to be the popular choice among employees. To help people find the best hybrid opportunities, FlexJobs identified the top 100 companies hiring for hybrid jobs in 2023. These companies had the highest number of hybrid job openings on FlexJobs in the last year, and are considered to be strong prospects for hybrid job seekers through at least the end of 2023. Here are the top 10 companies hiring for hybrid jobs in 2023, according to FlexJobs, along with the full list of the top 100 companies here. Other popular career fields for hybrid jobs are computer/IT, marketing and project management.
Persons: What's, FlexJobs, Robert Half, Kelly Lee Hecht Harrison, Aston, Toni Frana, Kelly, Robert, Lee Hecht Harrison Organizations: Meta, Deloitte, Financial, Elevance, Allied Irish Bank, AIB, Aston Carter Lincoln Financial, Robert Half International Locations: FlexJobs, York
Reports: Smooth, But Slow Sailing for the Economy
  + stars: | 2023-09-12 | by ( Tim Smart | Sept. | At A.M. | ) www.usnews.com   time to read: +3 min
A trio of economic reports on Tuesday found the U.S. economy generally facing slowing inflation, a weakening but still challenging labor market and diminishing odds of an imminent recession. Yet inflation remains a concern for many businesses, especially smaller ones, according to the August small business optimism index from NFIB. Although the panel of economists sees the economy slowing in the quarter that begins Oct. 1, they also see a reduction in the odds of a recession. The panel forecasts a 48% chance of a recession, down from 50% a month ago and 56% in July. At the same time, the economists see the unemployment rate rising from its current 3.8% to 4.5% by next summer.
Persons: , Bill Dunkelberg, ” Jeffrey Roach, , ” Roach Organizations: Federal, Adobe, Computers, Chip, Wolters Kluwer, LPL Locations: U.S
Employers have unique ways of telling how full their offices are. There's more interest now that more bosses are calling their workers back to the office. What the office water cooler actually revealsThere are other ways that measuring office occupancy can help understand employee habits. In 2019, 21% of flavored-water hounds in East Coast offices were using Bevi machines early or late in the day. The difference between RTO mandates and knowing how office space is being usedThese metrics aren't the same as tracking badge swipes .
Persons: Alex Birch, Kathleen Hall, Birch, Big, It's, Sean Grundy, Bevi, they're, Grundy, , Goldman Sachs, I'd Organizations: Service, Google, Citadel, Deloitte Locations: Wall, Silicon, Australian, East Coast, Boston
Some employers are turning to sensors that can tell when a person is sitting at a desk or using a conference room. So if you have sensors, you're able to release the no-shows and put those back into the pool," he said. What the office water cooler actually revealsThere are other ways that measuring office occupancy can help understand employee habits. In 2019, 21% of flavored-water hounds in East Coast offices were using Bevi machines early or late in the day. This year as more companies have been instituting RTO mandates, getting workers back to the office — and knowing they're there — has been a heated fight .
Persons: Alex Birch, Kathleen Hall, Birch, Big, It's, Sean Grundy, Bevi, they're, Grundy, , Goldman Sachs, I'd Organizations: Service, Google, Citadel, Deloitte Locations: Wall, Silicon, Australian, East Coast, Boston
Sarah Bajc, 57, and her three children have lived all over the world as she moved often for work. Bajc said that raising children overseas was difficult, especially during rebellious teenage years. At the time, all of my children were in middle school or high school. Living overseas has given my children perspective on who they are and where they fit in the world. AdvertisementAdvertisementDisciplinary challenges can arise living abroadWhen raising kids overseas, one of the biggest problems is permissiveness.
Persons: Sarah Bajc, Bajc, cabanas, they're Organizations: Service, Deloitte, Microsoft Locations: Wall, Silicon, Michigan, France, China, Malaysia, Panama, Atlanta, Beijing, Asia, Vietnam, Thailand, Cambodia, Bali, Indonesia, United States
Factbox: Impact of possible strikes on Detroit Three automakers
  + stars: | 2023-09-08 | by ( ) www.reuters.com   time to read: +3 min
A strike would ground production to a halt, costing billions of dollars in losses for automakers as well as their suppliers. UAW workers have struck work for two days at GM and for one day at Chrysler in 2007. Prior to 1976, strikes were frequently used as a bargaining tool at Detroit Three. STRIKE IMPACTThe Detroit Three automakers account for about 40% of U.S. new light vehicle sales by units, according to J.P. Morgan. STRIKE TOLLTen-day strikes at all three automakers could cost manufacturers, workers, suppliers and dealers more than $5 billion, according to economic consulting firm Anderson Economic Group.
Persons: Rebecca Cook, Kristin Dzizcek, Morgan Stanley, Morgan, Sam Fiorani, Anderson, Mehr Bedi, Nathan Gomes, Joe White, Anil D'Silva Organizations: General Motors, REUTERS, Ford Motor, UAW, DETROIT, United Auto Workers, Detroit Three, GM, Ford, Chrysler, Chicago Federal Reserve, Detroit, IHS, AutoForecast Solutions, Intelligence, Deloitte, Alliance for Automotive Innovation, Anderson Economic, Deutsche Bank Research, Thomson Locations: Detroit , Michigan, U.S, United States, Bengaluru, Detroit
Leonhard Simon/Getty ImagesEven before the show kicked off, Renault chief executive Luca de Meo was on French radio talking up the rapid advances made by Chinese EV makers. Competitors worry that Chinese brands may eventually dominate the global EV market. In Europe, the top destination for China’s car exports, sales of Chinese EVs are booming. Supply chain advantageA major factor contributing to the lower cost of Chinese EVs is the country’s dominance of the EV battery supply chain. However, geopolitical tensions could complicate Chinese EV firms’ global push.
Persons: Leonhard Simon, Luca de Meo, ” de Meo, ” “, , Dylan Khoo, Li Yunfei, Oliver Zipse, Khoo, It’s, — Hanna Ziady, Olesya Dmitracova Organizations: Hong Kong CNN, Visitors, Renault, Chinese EV, RTL Radio, China Association of Automobile Manufacturers, China Passenger Car Association, Union, UBS, Europe Auto, EV, New, Research, Deloitte, BMW, ABI Research, Jato Dynamics, , China’s SAIC, MG, IAA, SNE Research Locations: China, Hong Kong, Munich, Germany, Chinese, Europe, Australia, Southeast Asia, Japan, Russia, New York, United States, France, British, United Kingdom, South Korean
Fundraising and deal-making have dropped sharply at European private debt funds, new data shows. Faisal Ramzan, a partner at law firm Proskauer Rose who advises private credit funds, said he was not seeing default. "There's plenty of dry powder," said Fidelity International's head of private credit strategies Michael Curtis, referring to capital raised already. Joanna Layton, managing director of European private credit at Alcentra, one of Europe's largest private debt managers, added there was "no rush" to deploy capital. High rates have also made private credit less appealing to institutional investors, analysts said.
Persons: Henry Nicholls, Francesco Sandrini, BoE, Andrew Cruickshank, Cruickshank, Pictet, Patrick Marshall, Faisal Ramzan, Proskauer Rose, Michael Curtis, Joanna Layton, Mark Brenke, Ardian, Chris Sier, Sier, Dhara Ranasinghe, Catherine Evans Organizations: City, REUTERS, Reuters Graphics Reuters, The Bank of, European Central Bank, Graphics, Deloitte, Fitch, Federated Hermes, Fidelity International, ClearGlass, Thomson Locations: London's, London, Britain, The Bank of England
TOKYO, Sept 6 (Reuters) - Japan aims to become the fifth country to land a spacecraft on the lunar surface with the launch of a low-cost "moon sniper" on Thursday that will test precision landing technology designed to further Tokyo’s space goals. Japan's efforts to build a homegrown space industry are also on display: The lander was assembled by Mitsubishi Electric (6503.T), using its landing radars, computers and transponder. That made India the fourth country to land a spacecraft on the moon after the United States, Russia and China. "Precise landing technology gives the ability and confidence for future human space exploration missions. In return, Washington has promised Japan seats on future crewed Artemis missions to the moon.
Persons: Smart Lander, Kenji Kushiki, SLIM, Sreeram Ananthasayanam, Tim Kelly, Nivedita, David Dolan, Kevin Krolicki, Gerry Doyle Organizations: Japan Aerospace Exploration Agency, JAXA, Tanegashima Space, Mitsubishi Heavy Industries, Nectaris, Mitsubishi Electric, Sharp Corp, Electric, Deloitte India, NASA, U.S, Thomson Locations: TOKYO, Japan, India, Delhi, United States, Russia, China, Luna, Washington
Panera Bread, which plans to go public, has axed dozens of menu items in select stores. Items on the chopping block include expensive menu items like the steak and white cheddar sandwich. Panera Bread said the move is a test to simplify operations. Panera Bread said the simplified menu is a test. The citrus Asian crunch salad with chicken, priced at $14.69, has also been removed from test stores.
Persons: Bread, Panera Bread Organizations: Service, Deloitte Locations: Wall, Silicon, Orange , California
According to Goldman's chief economist, Jan Hatzius, some 25% of all US workers work from home at least part of the week. So, which Wall Street firms are still letting employees work from home at least part of the time? On days employees are in, the firm focuses on taking "advantage of our shared location," it reads. At that time, the firm called for its employees to come into the office a minimum of three days a week. Since then, most employees have been in the office throughout the week, according to a person familiar with the firm.
Persons: Goldman Sachs, David Solomon, Citadel's Ken Griffin, Joe Biden, Jan Hatzius, Hatzius, Jamie Dimon, Goldman, Goldman Sachs Goldman Sachs, , Dimon, JPMorgan Gretchen Ertl, Jane Fraser, she's, Fraser, they're, Citigroup Patrick, Fallon, Brian T, Moynihan, Bank of America Shannon Stapleton, Reuters Morgan Stanley Morgan Stanley's, James Gorman, Gorman, Gorman doesn't, Morgan Stanley, we're, James Gorman SAUL LOEB, Larry Fink, Larry Fink Spencer Platt, Citadel's Griffin, Griffin, Raj Mahajan, Ken Griffin, Milken, Mike Blake, Blackstone, Stephen Schwarzman Roy Rochlin, Nir Bar Dea, Izzy Englander's Organizations: JPMorgan, Blackstone, Morning, Citadel, Bloomberg, Business, Deloitte, JPMorgan JPMorgan, Goldman, Citigroup, Street, Bank, Economic, Getty Images Bank of America Bank of, Bank of America, Reuters, Getty, BlackRock BlackRock, Yards, Labor, Fox, BlackRock, Citadel Securities, Blackstone Blackstone, Bridgewater Bridgewater Associates, Bridgewater Associates, Bridgewater Locations: Citadel, Davos, Switzerland, New York City
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
43% of workers returning to the office came in for under 6 hours in the first half of 2023, said a workplace analytics firm. In the same period, average office occupancy rates in North America peaked at 35% per week. AdvertisementAdvertisementThose clocking in for the shortest stints — representing about 1 in 5 North American office-goers — did so for less than 3 hours a day. Average office occupancy rates in North America peaked at 35% a week during the first half of the year, per Basking's data. The start and end of the workweek were the least popular for office-goers, with North American offices seeing a 17% occupancy rate on Monday.
Persons: , RTO, Goldman Sachs, JP Morgan, Morgan Organizations: North America, Service, Washington Post, North, Employers, Apple, Deloitte Locations: North, Wall, Silicon, Asia, Pacific, Europe, Washington
A man walks past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one of its branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsBENGALURU, Aug 29 (Reuters) - Byju's Chief Business Officer, Prathyusha Agarwal, and two other senior executives have resigned as the struggling Indian ed-tech startup restructures its business and operations, a company spokesperson said on Tuesday. Two other business heads - Himanshu Bajaj and Mukut Deepak - have also left, the company, once India's most valuable startup, said. Byju's has let go of thousands of employees this year as it grapples with multiple legal and financial woes. Reuters has reported that Byju's will file 2022 audited earnings by September and 2023 results by December.
Persons: Adnan Abidi, Prathyusha Agarwal, Agarwal, Himanshu Bajaj, Mukut Deepak, BYJU'S, Moneycontrol, Byju's, Mohandas Pai, Rajnish Kumar, Pranav Kiran, Navamya Ganesh, Nivedita Organizations: Education Technology, REUTERS, Rights, Byju's, Zee Entertainment Enterprises, Prosus NV, Deloitte, Reuters, State Bank of India, Thomson Locations: New Delhi, India, Bengaluru
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt won't be easy for India to transition away from coal, but it must be done, incoming SAP chair saysPunit Renjen, CEO emeritus of Deloitte Global and the incoming chairman of SAP, says India and other countries in the Global South need to figure out how to avoid using fossil fuels in their development.
Persons: Punit Renjen Organizations: Deloitte Global, SAP Locations: India
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