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☆ A mom of 2 explains how she knew it was time to leave her job of 17 years due to burnout and chronic stress
▼ + stars: | 2023-02-16 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

That, on top of a high-pressure job, caused her mental health symptoms to progress into physical pain, she told Insider. What I didn't understand at the time was that it was also affecting not just my mental health, but it was affecting my physical health." She said that she watched the people around her take their own leaves of absence for physical or mental health reasons. She's still seeking medical help from her physical health symptoms, but says they've improved a lot over the past year. A lot of times we talk about chronic stress and we think about mental health, but it's bigger than that.

Manchester United, INEOS, Tesla and Musk did not reply to requests for comment. "For potential buyers, football clubs like Manchester United are considered trophy assets driven by the perception of exclusivity. The size of that bid has fuelled speculation Manchester United will attract significantly more. Manchester United is the fourth richest soccer club in the world, according to analysis by Deloitte. A small portion of Manchester United shares is listed on the New York Stock Exchange.

☆ Italian banks to cut 27% of branches over next 7 years, Deloitte says
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

MILAN, Feb 15 (Reuters) - The number of bank branches in Italy is set to shrink to around 16,000 in 2029 from 22,000 last year, consultancy Deloitte said on Wednesday, as customers increasingly embrace digital banking. In a report on banks' digital progress, Deloitte forecast online banking would reach a penetration of 60% in Italy over the next seven years, from 45% in 2022. The company ranks lenders on a scale ranging from 'digital latecomers' to 'digital champions', based on its Digital Banking Maturity (DBM) score. Overall, Italian banks' DBM improved from the previous ranking in 2018 with two lenders, whose identity was not disclosed, classed as digital champions. Deloitte said this was thanks to a wide range of digital services which clients deem relevant and a better than peers' digital experience for users.

☆ KPMG becomes first Big Four accounting firm to cut staff in U.S. - FT
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

Several financial firms have slashed jobs in recent months including major Wall Street banks, asset managers and fintechs amid a turbulent macroeconomic environment that has pressured consumers and soured demand in several mainstay business units. The cuts at KPMG will affect close to 700 people, the FT report added. However, we have experienced prolonged uncertainty affecting certain parts of our Advisory business that drove outsized growth in recent years," a spokesperson for KPMG said in an emailed statement to Reuters. The Big Four accounting firms comprise of EY, Deloitte, KPMG and PricewaterhouseCoopers. Reporting by Manya Saini in Bengaluru, additional reporting by Granth Vanaik; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ India's Amrutanjan Health Care sinks on whistleblower allegations
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Feb 15 (Reuters) - Shares of India's Amrutanjan Health Care Ltd (AJAN.NS) plunged as much as nearly 10% on Wednesday, a day after it said an anonymous whistleblower complaint alleged some senior management of "undue enrichment" and "conflict of interest." Amrutanjan's shares closed 1.4% lower on Tuesday after the company disclosed the allegations, and were down 8.7% as of 12.14 p.m. IST on Wednesday. The complaint alleged "lapses by certain senior management employees including undue enrichment through marketing, advertising and procurement activities, ethical concerns and conflict of interest etc," Amrutanjan said on Tuesday. Amrutanjan did not immediately respond to a Reuters' email seeking further details on the complaint, including if the company has conducted its own probe or if the managers were still employed with the company. ($1 = 82.8600 Indian rupees)Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ EY expects 'massive approval' in vote to split up company
▼ + stars: | 2023-02-14 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, Feb 14 (Reuters) - Partners in EY are expected to give approval for spinning off the company's consulting arm and listing it on the stock market by the end of the year, a senior EY official said on Tuesday. "We expect a massive approval, but it's not to say there is still not a lot of work to do," Delarue told Reuters. Just over half of EY's 145 country networks will vote on splitting each national network into separate auditing and consultancy units. It is a move which does not make sense for all networks, Delarue said. The "Newco" will account for $25 billion of revenue and 7,000 partners, with what's left of EY representing $20 billion and 6,000 partners.

☆ Household budgets are shredded: These stocks will benefit as consumers trade down to store brands
▼ + stars: | 2023-02-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

Shoppers are largely creatures of habit, but after two years of rising prices, a broader shift to private label brands is underway. 'A tailwind' for private label That is good news for store brands, otherwise known as private label. Yet the biggest pure play on private label brands is Treehouse Foods , Chappell said. "That's where you're going to see them lean into store brands," said Mary Ellen Lynch, principal of IRI's center store solutions. Americans forced to trade down due to supply chain constraints found store brands they enjoyed, she said.

☆ After years in Big Tech, laid off workers are coming to grips with a harsh new reality: jobs that offer lower pay, fewer perks and less purpose
▼ + stars: | 2023-02-11 | by ( Kali Hays | Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Big Tech has long been known for sparing little expense to make workers happy. A few weeks ago, the former Twitter worker started a new job at another tech company. Many people who spent years in Big Tech, with its big salaries, generous stock grants, and luxurious perks, are being forced to adjust to a new, lower, standard of work. Yet the employees that remain in Big Tech still have it good. And a tech job market now flush with experienced workers is letting companies force pay down dramatically.

☆ We've already been condemned, says Man City's Guardiola over charges
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +3 min

"It's the same as what happened after UEFA (charges). And I think the Premier League, supported by 19 teams, are going to take good lawyers too to defend their position. "But if the same situation with UEFA happens and we are innocent, what happens to restore or pay back our damage?" Guardiola also warned that other clubs should look at their own affairs before condemning Manchester City. The charges against City, the world's highest revenue-generating club last season according to Deloitte, will be heard by an independent commission.

☆ ChatGPT, other AI models to disrupt Indian IT firms - JPM
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +1 min

Feb 10 (Reuters) - Generative AI models such as ChatGPT will slow down market share gains and deflate pricing for Indian IT companies in the short term, analysts at J.P.Morgan said on Friday. As generative AI is implemented more broadly, consulting firms like Accenture and Deloitte and will gain market share over Indian IT firms like Infosys Ltd (INFY.NS) and Wipro Ltd (WIPR.NS) in the near term, analysts at the brokerage said in a note to clients. Generative AI can be a "deflation driver" in the near term on legacy services as they compete on pricing, necessitate staff retraining and drive loss of competitiveness, they added. Since then, other large tech companies like Alphabet Inc (GOOGL.O) and China's Baidu Inc (9888.HK) have rushed to announce their own in-house developments of generative AI. JPM said that among Indian IT companies, Infosys and Tata Consultancy Services (TCS.NS) might retrain staff faster than smaller peers due to their better graduate hiring and training infrastructure.

☆ How Netflix leaders, including its new co-CEO, are thinking about a fast streaming service that could supercharge its ads business
▼ + stars: | 2023-02-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Netflix said it's open to adding a free, ad-supported streaming service. A FAST offering could help Netflix scale its nascent ads business, which has been slow to take off. Could Netflix launch a free, ad-supported service? A FAST channel — free, ad-supported television — is a linear stream, a model media companies are increasingly using to complement traditional TV and paid streaming services. For Netflix, a FAST could be a quick way to scale its ads business.

☆ It's time for automakers to take EV charging seriously or risk missing out
▼ + stars: | 2023-02-09 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

They've depended on third-party charging firms like ChargePoint, EVgo, and Electrify America to provide EV buyers with public plugs. Many automakers even offer their EV customers free charging through partnerships with these networks. For EV buyers attracted to brands with free public charging deals, the promises don't always seem to live up to expectations. The argument could be made that a majority of EV charging can be done at home — but many prospective EV buyers live in multi-family buildings without access to a garage plug. Mercedes recently announced the launch of its own charging network in an attempt to catch up to Tesla.

☆ Column: India's economy - and emissions - primed for big jumps in 2023
▼ + stars: | 2023-02-08 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

Climate trackers will be alarmed by such a robust outlook, as India's power sector already spewed out near record emissions in 2022 when its economy was stuck in a lower gear, and will likely elevate pollution totals further as momentum builds. RECORD USE OF COALIndia's power sector emissions of carbon dioxide (CO2) and equivalent gases are on track for a record in 2022, according to data from think tank Ember. The emissions tally for January through November - the latest monthly data available - is 7.5% above the same period in 2021, which registered a record annual power sector emissions total of 1.091 billion tonnes. Strong, sustained electricity demand from households, retail outlets and offices - mainly for air conditioners - helped push India's overall electricity demand higher in 2022, despite the soft showing from manufacturers. India's electricity generation and emissions scale record highs in 2022Total electricity generation through November increased by 8.3% from the year before, indicating that India's power producers successfully deployed larger amounts of new clean power in 2022 (up 13.3%) than new fossil-fuel power (up 6.7%).

☆ Resistance is futile. Welcome to the "generative AI" era
▼ + stars: | 2023-02-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

This is going to be the year of “generative AI” the way 2012 was the year of Instagram. (Yes, Bing still exists and Microsoft hopes AI can make it relevant again for the first time ever.) Generative AI is the technology that underpins ChatGPT, the chatbot that’s gotten everyone in the content-generation biz (hello!) But Google, Microsoft and their rivals are still bullish. “We have even more exciting, AI-enabled innovations in the works that will change the way people search, work and play.”

☆ Debt is poor fix for Italian soccer’s malaise
▼ + stars: | 2023-02-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

Top soccer league Serie A needs cash to revamp its ailing media rights business. The division, which counts Lautaro Martínez and Paulo Dybala among its few world-class champions, made revenue of 2.5 billion euros in the 2020-2021 football season, nearly half the star-studded Premier League’s 5.5 billion euros, Deloitte data shows. Its broadcasting revenue has dropped more than 20% to about 1.1 billion euros since 2018, sources familiar with the situation told Reuters Breakingviews. Club owners would be better off entrusting independent executives to look after media rights. The Deutsche Fussball Liga, which runs Germany’s football league, is due to discuss the media rights sale at a meeting on Feb. 9.

☆ A neuroscientist shares the 4 ‘highly coveted’ skills that set introverts apart: ‘Their brains work differently’
▼ + stars: | 2023-02-07 | by ( Friederike Fabritius | ) www.cnbc.com time to read: +3 min

Here are four highly coveted skills that set introverts apart from everyone else:1. One Harvard study found that introverts' brains work differently, and have thicker gray matter compared to extroverts. This ability to focus intensely is a key characteristic of introverts, who often have more extended focus than extroverts. Because they enjoy spending time alone, introverts tend to be more willing than extroverts to put in the hours alone necessary to master a skill. Introverts tend to be less swayed by external events and driven more by their inner moral compass.

☆ Japan's Daikin picks Manchester, UK as test bed for green tech
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +3 min

[1/3] The logos of Daikin Industries Ltd are seen at the company's office in Tokyo August 29, 2012. Demand for heat pumps - which rely on electricity to transfer heat - has been booming in Europe amid soaring natural gas prices, with consumers in many countries waiting months for heat pump installations. Greater Manchester Mayor Andy Burnham said the partnership with Daikin symbolised the city's industrial ambitions. Heat pumps, sometimes described as reverse air conditioners, use electricity to concentrate heat potential and are comparatively more energy efficient than gas boilers. Daikin, headquartered in Osaka, last year said it would build a heat pump factory in Poland as part of its expansion plans.

☆ Google and Microsoft’s AI arms race could have ‘unintended consequences,’ an AI ethicist warns
▼ + stars: | 2023-02-06 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Google is officially set to confront OpenAI’s ChatGPT — and soon. Ammanath said that “unintended consequences” accompany every new technology and reluctantly expressed confidence that it too will occur with AI chatbots, unless significant precautions are taken. Ammanath stressed that computer scientists working on AI have yet to solve for bias, a years-long problem, as well as other worrisome issues that plague the technology. And in its wake, other outlets like BuzzFeed, are already embracing the robot-writing technology to help it generate content and quizzes. “This is a new dimension that generative AI has brought in,” Ammanath added.

☆ Thousands protest against animal rights bill in Spain for excluding hunting dogs
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Demonstrators take part in a protest against hunting amidst amendment proposals that seek to leave hunting dogs and other animals involved in traditional rural activities out of the country's proposed animal welfare bill, in Madrid, Spain, February 5, 2023. REUTERS/Violeta Santos MouraMADRID, Feb 5 (Reuters) - Thousands of people marched through central Madrid on Sunday to protest against a bill aimed at strengthening animal rights for excluding hunting dogs which opponents say are being exploited. The protest comes four days before parliament is due to vote on the new animal rights bill proposed by the ruling Socialist part. The party submitted a last-minute amendment to exclude hunting dogs and other animals involved in traditional rural activities. In Spain, dogs are used to track or catch animals such as deer, wild boar and rabbits.

☆ Total: Adani will ask Big 4 accounting firm for 'general audit'
▼ + stars: | 2023-02-03 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

In total, Adani Group companies have lost $110 billion in market value. Adani Group declined to comment on whether it was planning to appoint one of the Big 4 accounting firms as auditor. A document on Adani Enterprises’ website dated January 13, 2023, also names Shah Dhandharia as “statutory auditors” and provides the firm’s website address. In its report, Hindenburg Research said historical archives of the firm’s website showed that it had only four partners and 11 employees. Trading in five listed Adani firms was halted Friday after they fell to daily limits set by the Indian stock exchange.

☆ The current job market is a ‘juggernaut,’ economist says. Here are 6 things to know as a jobseeker
▼ + stars: | 2023-02-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Unemployment is at historic lowsThe unemployment rate fell to 3.4% in January — the lowest since May 1969. In fact, you'd have to go back to October 1953 to find a lower unemployment rate (3.1%). "The job market is still strong, and workers have opportunities to go out and find a job that's a better fit for them," Zhao said. "The thing that strikes me the most about the labor market is there aren't layoffs," said Mark Zandi, chief economist at Moody's Analytics. That's not necessarily a bad sign — the job market was also strong in the run-up to the pandemic.

☆ Electric cars are too expensive because Americans insist on having more car than they need
▼ + stars: | 2023-02-02 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

But Americans love SUVs and trucks, and they're going to have to pay for them in the near term. A lot of prospective EV buyers just haven't yet found the types of EVs they're looking for. They don't necessarily need more luxury electric sedans — they want the trucks and SUVs they're used to. A recent study found most car-buyers don't want to spend more than $50,000 to go EV, but they also want electric trucks and SUVs that inherently cost more. Bigger vehicles are often just more expensive, largely because they require bigger batteries — the most expensive part of these new EVs.

☆ A shortage of accountants is pushing the industry to reboot its image to win over young talent: 'You have to sell them'
▼ + stars: | 2023-02-02 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +9 min

Accountants manage financial processes and financial reporting and ensure regulatory compliance. To combat shortages, those in the accounting industry are working to attract more people to the field. Sandy Torchia, the vice chair of talent and culture at KPMG, said the company hasn't been impacted by the accountant shortage yet. How the accounting industry is addressing the shortageMany firms are shifting to remote-work policies and investing in automation and technology to attract and retain talent. Lisa Simpson says the accounting industry needs automation to allow accountants to focus on "higher-value work."

☆ Rule-bending Chelsea take transfer gamble to give Potter ultimate selection headache
▼ + stars: | 2023-02-01 | by ( Peter Hall | ) www.reuters.com time to read: +4 min

Premier League soccer clubs spent a record 815 million pounds ($1.00 billion) in the January transfer window, an analysis from Deloitte's Sports Business Group said on Wednesday. It has, however, angered those who claim the Premier League is becoming a de facto European Super League due to its spending power. "What I'm worried about is the Premier League, and I've been worried for many years now," Spain's La Liga president Javier Tebas told a new conference this month. There is no sustainability in the Premier League. The Premier League is not a financially sustainable model."

☆ Gautam Adani’s next hurdles may be harder to clear
▼ + stars: | 2023-02-01 | by ( Una Galani | ) www.reuters.com time to read: +4 min

HONG KONG, Feb 1 (Reuters Breakingviews) - It helps to have friendly investors and rich families on hand when finalising a tricky share sale. The feat will be hard to repeat though, while the Indian tycoon’s next hurdles might be harder to clear. Investor interest in Adani Enterprises (ADEL.NS) was underwhelming. Shares in $32 billion Adani Total Gas (ADAG.NS) have nearly halved since Hindenburg published its critical report. loadingCONTEXT NEWSThe $2.4 billion share sale by Adani Enterprises was fully subscribed on Jan. 31, data released by the Indian stock exchange showed.

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