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A woman pushes shopping carts during a sales event on Thanksgiving day at Walmart in Westbury, New York, U.S., November 28, 2019. In recent years, retailers like Amazon and Walmart have sought to boost their bottom lines and spread out demand by hosting holiday shopping events online in early October. Inflation remains a top concern for holiday shoppers, according to a KPMG survey, leading some to seek out deals on possible gifts. Walmart, which revealed discounts for its four-day Holiday Kickoff event at midday on Monday, posted deals on Dyson vacuums, HP (HPE.N) laptops and Apple (AAPL.O) products, much like Amazon and Target. The Target Circle event started nearly a week earlier than its October sales event in 2022.

Persons: Shannon Stapleton, Neil Saunders, Matt Kramer, Dyson, Arriana McLymore, Jamie Freed Organizations: Walmart, REUTERS, Black, Deloitte, Amazon, Deal, KPMG, KPMG Consumer, Retail National, U.S, HP, Apple, Target, Apple Watches, Thomson Locations: Westbury , New York, U.S, New York

☆ As more colleges are promising high schoolers guaranteed admission, 'everybody wins,' expert says
▼ + stars: | 2023-10-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +6 min

Sonoma State University Courtesy: Sonoma State UniversityTo help make college a reality, Sonoma State University is trying a relatively new approach: High school students who have completed the requisite coursework and have a minimum 2.5 high school GPA are now "guaranteed admission" to the Rohnert Park, California-based school. Last spring, the State University of New York sent automatic acceptance letters to 125,000 graduating high school students. College enrollment is droppingSonoma State University Courtesy: Sonoma State UniversityStill, fewer students are going to college. More high schoolers want 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.

Persons: Ed Mills, Mills, Robert Franek, Franek, Lakhani, Doug Shapiro, Cole Clark, Connie Livingston Organizations: Sonoma, Sonoma State University, California State University, Finance, Princeton, Virginia Commonwealth University, State University of New York, Sonoma State University Still, Nationwide, CNBC, National Center for Education Statistics, Student Clearinghouse Research, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: , California, Sonoma State, Richmond , Virginia, New York, U.S

DUBAI, Oct 9 (Reuters) - The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. The state-owned company also told Reuters it was investing in energy trading, without giving further details. ADNOC has two trading arms, both set up in 2020: ADNOC Trading, which is focused on crude oil, and ADNOC Global Trading, a joint venture with Italy's Eni (ENI.MI) and OMV which is more focused on refined products. Other recent hires include Bart Cornelissen, who left Deloitte to become ADNOC's senior vice president for group strategy and portfolio last month, according to LinkedIn. Recent senior hires for ADNOC's trading arms include alumni of Gunvor, Litasco, Shell and TotalEnergies, the employment network showed.

Persons: ADNOC, Galp, Austria's, Mohammed bin Zayed, headcount, Michele Fiorentino, Baker Hughes, Musabbeh Al Kaabi, Al Kaabi, Bart Cornelissen, Michael Hafner, Hafner, Morgan Stanley, Neil Quilliam, Sultan al, Jaber, John Kerry, Abu, Maha El Dahan, Yousef Saba, Ron Bousso, David Clarke Organizations: United, Abu, Abu Dhabi National Oil Company, Reuters, BP, NewMed Energy, Italy's Eni, UAE, IOC, Aramco, LinkedIn, Mubadala Energy, Deloitte, Greenhill &, Deutsche Bank, UBS, HSBC, Shell, Eni, Gunvor, The, Chatham House, United Nations, Masdar, Thomson Locations: DUBAI, United Arab Emirates, Abu Dhabi, Gulf, Saudi Arabia, Qatar, UAE, Africa, Mozambique, ADNOC, Geneva, London, The UAE, Europe, Sultan, Dubai

☆ Inside the consulting industry's race to become AI rainmakers
▼ + stars: | 2023-10-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

Big consulting companies are racing to add to their offerings around artificial intelligence. That's the bet consulting companies have been making as they rush to build out their generative AI offerings. To help companies figure out how to use AI, the consulting giants are racing to scoop up companies that specialize in the technology. Consulting firms' push to bulk up on AI comes as many workers are worried that AI bots will snatch their jobs . That same month, Deloitte introduced a set of services called Quartz AI to help clients use technology like GenAI.

Persons: —, they're, OpenAI's ChatGPT, They're, Sawhney, ChatGPT, Steve Chase, he's, Chase, EY EY, EY, PwC PwC, PwC, Shannon Schuyler, Bain, BCG Organizations: Service, Accenture, McKinsey, PriceWaterhouseCoopers, Northwestern University's Kellogg School of Management, Deloitte, LinkedIn, Fortune, KPMG, Microsoft, KPMG US, Bain Bain & Company, Boston Consulting, OpenAI, Deloitte Deloitte, Nvidia, QuantumBlack, QuantumBlack Labs Locations: Mexico

☆ Gen Z are more concerned by getting better at their actual jobs than they are with improving the office soft skills their bosses say they lack, survey finds
▼ + stars: | 2023-10-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A new Adobe survey found that almost half of Gen Z workers want more training on hard skills. On the contrary, only a third were keen on polishing up their soft skills like communication. Adobe's Future Workforce Study surveyed over 1,000 Gen Z workers in the US in early September to explore their career motivations and workplace expectations. A spokesperson for Adobe said that respondents were given a definition for hard skills and soft skills. They were informed that hard skills refer to job-related or technical knowledge and abilities, while soft skills were classed as interpersonal skills and traits that shape how you work.

Persons: —, Gen Z, Z, PWC, Jackie Henry, Deloitte's Organizations: Deloitte, KPMG, Service, Study, Adobe, Financial Times

☆ How to include your personality in your resume, says a Deloitte exec: It will give you ‘the edge’
▼ + stars: | 2023-10-03 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

All resumes should include the following: Language mirroring the job description you're applying to as relevant to your own experience. "I think when the resume can exude some personality is the most eye catching to me," she says. Here's how to get your personality in your resume. 'I've traveled around the world 17 times'There are all sorts of ways to give a sense of who you are. "You're not there because you were told to do it and I think that actually says a lot, too, about your personality."

Persons: Deborah Golden, I've

☆ How to solve problems at work, says Deloitte exec: 'My best idea didn't come when I was sitting tied to a desk'
▼ + stars: | 2023-09-29 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Deborah Golden has a pretty unique job: As consulting firm Deloitte's chief innovation officer, she gets to "solve really hard problems," she says. And with so much going on, it can be easy to get stuck on how to solve those problems. One good way to get the juices flowing is to step away from your screen. She gives the example of a recent meeting she had in which she and a colleague were tackling problems in the pharmaceutical industry. When they got back, they rushed to their computers to write down the three points they'd come up with.

Persons: Deborah Golden, they'd, Marissa Vicario Organizations: NBC News Locations: snags

☆ Holiday shoppers are getting an early jump on the season, but student loan payments weigh heavily
▼ + stars: | 2023-09-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Twenty/20October is unofficial start of holiday shopping seasonThis year, half of shoppers plan to begin their holiday shopping by Halloween, according to a recent Bankrate report. Early estimates point to a strong shopping seasonWith more shoppers getting an early start on the season, holiday retail sales are likely to increase between 3.5% and 4.6% in 2023, according to Deloitte's annual forecast. "We expect healthy employment and income growth to keep the volume of sales growing for the 2023 holiday season," said Daniel Bachman, Deloitte's U.S. economic forecaster. Student loan payments could weigh on wallets"Student loan payments are another drag on the consumer," said Brett House, professor of professional practice in economics at Columbia Business School. "On the other hand, labor markets remain strong," House added.

Persons: RetailMeNot, Daniel Bachman, Matthew Shay, Jack Kleinhenz, Brett House Organizations: National Retail Federation, Columbia Business School Locations: Deloitte's U.S

☆ Exclusive: Brazil mineral rights dispute casts shadow on Sigma Lithium expansion
▼ + stars: | 2023-09-28 | by ( Fabio Teixeira | ) www.reuters.com time to read: +6 min

View shows Sigma Lithium Corp SGML.V production at the Grota do Cirilo mine in Itinga, in Minas Gerais state, Brazil April 18, 2023. That transaction, Gardner's lawyers argued, would grant Sigma mineral rights to valuable lithium deposits and hurt RI-X's ability to develop its own mining project. At the time of the transfer, Gardner owned 49% of RI-X and Cabral-Gardner held 51%, documents show. Sigma shares, which had been up 4% in afternoon trading on Thursday, erased gains to close more than 2% lower after Reuters reported on the court injunction. Sigma declined to comment on the New York lawsuit, and said "the divorce proceedings are a private, personal matter and have no impact on how Sigma Lithium conducts business."

Persons: Washington Alves, Ana Cabral, Gardner, Calvyn Gardner, Cabral, Sigma, Fabio Teixeira, Ernest Scheyder, Gabriel Stargardter, Brad Haynes, Rosalba O'Brien Organizations: Sigma Lithium Corp, REUTERS, DE, Sigma, Reuters, Deloitte, Brazilian Mining Association, New, Thomson Locations: Itinga, Minas Gerais, Brazil, DE JANEIRO, Vancouver, Sao Paulo, New York

☆ Working women spend $15.4 billion more than men in out-of-pocket health costs, study finds
▼ + stars: | 2023-09-26 | by ( Bertha Coombs | ) www.cnbc.com time to read: +1 min

High health care costs are hitting women in the U.S. workforce much harder than men. Working women spend $15.4 billion more in out-of-pocket health expenses annually compared to their male counterparts, according to a new analysis of employer-sponsored health plans from Deloitte Consulting. The study found women spend 18% more than men on co-pays and deductibles, on average. The takeaway being that women get paid less, and that they pay more for health care," said Dr. Kulleni Gebreyes, U.S. chief health equity officer at Deloitte Consulting. Women tend to utilize more medical care than men, in part due to annual gynecological exams and the high costs of breast cancer imaging.

Persons: Kulleni Gebreyes Organizations: Deloitte Consulting, Deloitte Locations: U.S

☆ Fast fashion is leaning into resale, but it may do little to reduce emissions, new study says
▼ + stars: | 2023-09-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Fast-fashion retailers like Zara, Shein and H&M are using resale platforms to reduce their carbon footprints, but the programs are projected to do little to reduce emissions, a new study released Tuesday found. The study analyzed five brand archetypes, spanning fast fashion to premium apparel, and how reselling previously owned items could affect their overall carbon emissions between 2023 and 2040. It found that fast-fashion retailers, which create about 11.5 kilograms (25.3 pounds) of carbon dioxide for every item they make, will only reduce their emissions by 0.7% with resale programs. Outdoor brands, like Patagonia and the North Face, create about 12.5 kilograms of CO2 per item and could reduce emissions by 15.8%, according to the study. Ruben said it takes a lot of work for fast-fashion retailers to implement resale programs, but "you're not getting a lot of juice for the squeeze."

Persons: Andy Ruben, Tory Burch, Ralph Lauren, they're, Ruben, you've Organizations: Trove, Deloitte, McKinsey, University of California, CNBC, Outdoor, U.S . Securities, Exchange Commission Locations: Guangzhou, China, Brazil, Zara, Shein, Berkeley, Patagonia, reselling

☆ I'm a Gen Zer living and working in England. Getting on the housing ladder feels impossible here, and not buying Starbucks won't help.
▼ + stars: | 2023-09-26 | by ( Adam England | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementFor British students in the UK, tuition fees are currently capped at £9,250 a year. In 2006, tuition at a UK university cost an average of £3,000 a year, according to the House of Commons Library . Go back a decade, to 2013, and the average house price in this area was £250,911. AdvertisementAdvertisementThe average house price in 1995, when my parents moved in together, was around £56,000. However, if you compare the average house price in 1995 to the average house price in the UK in June 2023 — £287,456 — it's increased by more than 413%.

Persons: Adam England, Zers, —, I'm, Gen, I'd, they've, They've, They're Organizations: Economic, Service, Commons, Deloitte, Price Index, Bank of Locations: England, Britain, Ukraine, Bath, North East Somerset

☆ Dick's Sporting Goods' proposed holiday hiring slips to 8,600 amid higher labor costs
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Sept 26 (Reuters) - Athletic-wear retailer Dick's Sporting Goods (DKS.N) said on Tuesday it would recruit 8,600 workers across the United States for the holiday shopping season, less than its proposed hiring for the same period a year earlier. The company's announcement comes close on the heels of conservative holiday hiring plans announced by retailers Target (TGT.N) and department store retailer Macy's (M.N) last week. Dick's Sporting Goods last year had said it would hire 9,000 temporary employees for the holiday season. A report by Challenger, Gray & Christmas earlier this month showed that retailers in the U.S. would hire the lowest number of seasonal workers this holiday season since 2008, as they battle increased labor costs. Sporting goods retailers such as Dick's Sporting Goods, Nike (NKE.N) and Foot Locker (FL.N) are battling weak wholesale demand in the U.S. as consumers cut down on spending on pricier discretionary items such as sporting apparel.

Persons: Juveria, Vinay Dwivedi Organizations: Sporting, Target, Dick's Sporting Goods, Challenger, Deloitte, Nike, Thomson Locations: United States, U.S

People sit and work on their laptops at Deloitte's office in Gurugram, India, June 13, 2023. Last month U.S. trade chief Katherine Tai raised concerns with India over the move, which would also affect companies such as Dell (DELL.N) and HP (HPE.N). The new 'imports management system' will need companies to obtain 'registration certificates' for imports of laptops, tablets and personal computers, instead of licences proposed earlier by the Aug.3 order, one of the officials said. The ministry conveyed the proposal to industry officials in a meeting on Friday, they added. India's electronics imports, including laptops, tablets and personal computers, stood at $19.7 billion in the April to June period, up 6.25% year-on-year.

Persons: Anushree, Katherine Tai, Munsif Vengattil, Acharya, William Mallard Organizations: REUTERS, U.S, Apple, Samsung, Reuters, Dell, HP, India's, Thomson Locations: Gurugram, India, DELHI, China, New Delhi

☆ Gen Z lack workplace skills like debating and seeing different points of view because they spend too much time on social media, TV boss says
▼ + stars: | 2023-09-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Channel 4 boss Alex Mahon blames social media for Gen Z's lack of communication skills at work. Mahon pointed out that young workers don't have the "skills to debate things" or even to "disagree." Alex Mahon, the CEO of British network Channel 4, blamed social media for Gen Z's shortcomings in the workplace at a conference with the Royal Television Society in Cambridge. AdvertisementAdvertisementResearch commissioned by Channel 4 found that people across the UK watch over five hours of video content a day on average, with short form video content being preferred over live television. The research found that people associated viewing short form video content with the feeling of being out of control.

Persons: Alex Mahon, Mahon, Gen Z, haven't, you've Organizations: Service, The Telegraph, Daily Mail, British, Royal Television Society, YouTube, Channel, Big, KPMG, PWC, Deloitte Locations: Wall, Silicon, British, Cambridge

A few compounds picked by AI are now in development, but those bets will take years to play out. Reuters interviews with more than a dozen pharmaceutical company executives, drug regulators, public health experts and AI firms show, however, that the technology is playing a sizeable and growing role in human drug trials. The U.S. Food and Drug Administration (FDA) said it had received about 300 applications that incorporate AI or machine learning in drug development from 2016 through 2022. Without AI, Bayer said it would have spent millions more, and taken up to nine months longer to recruit volunteers. Finding real-world patients by mining electronic patient data can be done manually, but using AI speeds up the process dramatically.

Persons: Dado Ruvic, Jeffrey Morgan, Amgen, Badhri Srinivasan, Sameer Pujari, drugmaker Bayer, Bayer, Blythe Adamson, Roche, Richard Pazdur, Gen Li, John Concato, Natalie Grover, Martin Coulter, Julie Steenhuysen, Josephine Mason, David Clarke Organizations: Pharmaceutical Research, REUTERS, Pharmaceutical, Bayer, Novartis, Deloitte, U.S . Food, Drug Administration, Reuters, World Health, Flatiron Health, FDA, European Medicines Agency, FDA's Oncology, Excellence, Medical, FDA's Center, Drug, Research, Thomson Locations: U.S, Johannesburg, Texas, Finland, United States, London, Chicago

☆ How AI will change the job of the junior banker and raise the bar to entry
▼ + stars: | 2023-09-22 | by ( Bianca Chan | Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

But let's face it, many of the tasks junior bankers spend their time on could very well be done by a robot. "As a junior banker you don't critically think. With artificial intelligence progressing by leaps and bounds, how will it impact the job of the junior banker? She said it's already helping junior bankers get their jobs done faster. "It will allow junior bankers to operate at a higher level with that first pass of analysis being prepared by the technology," said Torrente.

Persons: Wall, Tamara Bitticks, it's, Carlo Allegri, Bitticks, Crystal Cox, Peter Torrente, Bogdan Tudose, Morgan Stanley, Tudose, Goldman Sachs, Banks Organizations: Deutsche Bank, Reuters, Deloitte, Industry, Wall, Google, KPMG, Blackstone, JPMorgan, Excel, Getty, Deutsche Locations: Manhattan, San Francisco

☆ Hybrid work might not be the dream scenario for all workers
▼ + stars: | 2023-09-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

A higher share of hybrid workers are stressed or burned out in the past year than fully remote workers, Deloitte found. The recently shared results from the Deloitte survey to Insider were based on nearly 240 fully remote workers, around 350 hybrid workers, and about 460 fully in-person workers and was conducted in April. Just over a third of hybrid workers also felt they didn't really have enough time for wellness, while almost a quarter of fully remote workers felt like this. A quarter of hybrid workers said they felt disconnected from their on-site colleagues compared to 13% of fully remote workers. Similarly, almost a quarter of hybrid workers felt there was ineffective collaboration happening compared to 9% of fully remote workers.

Persons: Deloitte's Jana Arbanas, they're, Jana Arbanas, Arbanas, They've Organizations: Deloitte, Service, US Telecom, Media, Entertainment, Consumer Survey Locations: Wall, Silicon, mhoff@insider.com

Meanwhile, failed uprisings in Bahrain and eastern Saudi Arabia were followed by years-long crackdowns and a continuing civil war in Syria. “What we’re beginning to see in Saudi Arabia right now is the emergence of a new social contract. Saudi Arabia is the world’s biggest exporter of crude oil, and nearly two-thirds of its income still comes from selling fossil fuels. If Saudi Arabia can become a hub for major sporting events, then that’s a way of attracting interest to the country,” said Maguire. In response to previous criticism about Saudi Arabia’s purported “sportswashing,” the kingdom’s sports minister Prince Abdulaziz bin Turki Al-Faisal said: “People that don’t know Saudi Arabia, have never been to Saudi Arabia, go out and talk about it as if they’ve lived there for 30 years, 40 years.

Persons: Hilal, Kylian Mbappé, Germain, Neymar Jr, Ballon d’Or, Cristiano Ronaldo, Nassr, Patricia de Melo Moreira, it’s, Saudi Crown Prince Mohammed bin Salman –, Leon Neal, Ballon, Karim Benzema, Al Hilal, spender, –, Carlo Nohra, Jordan Henderson, Henderson, “, ’ ” Simon Chadwick, “ We’ve, ” Chadwick, King Salman bin Abdulaziz Al Saud, Al Nassr, Stringer, you’re, Kieran Maguire, they’re, Everybody’s, ” Maguire, Chadwick, Ronaldo, Maguire, … Mohammed bin Salman, ” James Dorsey, ”, Chadwick –, Mohammed bin Salman, Saudi Arabia’s, Prince Abdulaziz bin Turki Al, Faisal, don’t, they’ve, LIV Golf, Jimmy Dunne, LIV, Dunne, Aleksander Ceferin, Erling, Haaland, Jurgen Klopp, Michael Emenalo, Steven Gerrard, Nohra, ” “ They’ve Organizations: CNN, Saudi, Al, Paris Saint, PSG, Saudi Pro League, Ligue, Liga, Serie, Bundesliga, English Premier League, Deloitte, Investment Fund, AFP, Getty, SPL, Saudi Crown, Spanish, Arsenal, CNN Sport, English, Newcastle United, Liverpool, The Athletic, SKEMA Business School, Argentina, Zamalek, King Fahd Sports City, Anadolu Agency, Chelsea, Manchester United, Manchester City, Football, AFC Asian, FIFA, Greece, Royal Spanish Football Federation, Spanish Super, ”, Amnesty International, Amnesty, Middle East Soccer, Saudi Ministry, Sport, PGA Tour, European, UEFA, Premier League, Ettifaq Media, Reuters New Saudi Pro League, Major League Soccer, La Liga, Peterson Institute for International Economics, Russian Direct Investment Fund, Investigations, PGA Locations: Saudi Arabian, Brazil, Saudi, Ittihad, Al, Ahli, Real Madrid, England, France, Germany, Spain, Italy, Saudi Arabia, Liverpool, China, Qatar, Taif, Egypt, Spanish, East, North Africa, Libya, Yemen, Tunisia, Bahrain, Syria, “, ”, Europe, ” Liverpool

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. He said oil and gas reserves are depleting at 5-7% annually, and output will decline if companies stop investing to replace them. The Canadian government has not finalised subsidies for projects to capture and sequester emissions and is developing a cap on oil and gas emissions. Not all oil companies are reducing spending on production. Greater oil production could provide the revenue to pursue net-zero aims, Rath said.

Persons: Agustin Marcarian, Darren Woods, Amin Nasser, ", Aditya Ravi, Rystad's, Alex Pourbaix, Pourbaix, that's, Chris Severson, Baker, Omar Farouk Ibrahim, Ranjit Rath, Rath, Carlos Travassos, Yrjo Koskinen, Rod Nickel, Nia Williams, David Gregorio Our Organizations: REUTERS, Rights, World Petroleum Congress, Exxon Mobil, Aramco, Rystad Energy, International Energy Agency, Cenovus Energy, Canadian, European Union, Deloitte, African Petroleum Producers ' Organization, United Nations, Oil India, Investment, Petrobras, PETR4, University of Calgary, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights CALGARY , Alberta, Calgary, United States, Paris, Pembina, India, SA, Calgary , Alberta

☆ Exxon working on direct air capture of CO2, stays out of EV charging stations
▼ + stars: | 2023-09-19 | by ( Nia Williams | ) www.reuters.com time to read: +3 min

Direct air capture involves extracting carbon directly from the atmosphere. The technology could be developed on the back of Exxon's carbon capture and storage (CCS) business which will also involve trapping emissions underground, Crocker said. Exxon last year extended a joint research agreement with DAC developer Global Thermostat, intended to accelerate development of the technology for full-scale deployment. DAC "would link very closely to our CCS business where we are going to have large geologic storage and the capability to capture CO2," Crocker said. Limiting its own emissions and CCS take up the majority of the $17 billion allocated for Exxon's Low Carbon business through 2022-2027.

Persons: Sergio Moraes, Matthew Crocker, Crocker, Sabrina Valle, David Gregorio Our Organizations: Exxon Mobil Corp, Oil, Gas Expo, REUTERS, Rights, Exxon, United Nations, Global, Occidental, CCS, Exxon's, Deloitte, Thomson Locations: Rio de Janeiro, Brazil, Rights CALGARY , Alberta, Houston

☆ Analysis-More SE Asia firms consider U.S. IPOs, filling void left by China peers
▼ + stars: | 2023-09-18 | by ( Yantoultra Ngui | Scott Murdoch | ) www.reuters.com time to read: +5 min

“These factors have enabled some of their ASEAN rivals to step out into the spotlight.”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: ”, Leif Schneider, Sunil Khaitan, Kelvin Teo, Andrew Lim, Tay Hwee Ling, ” Tay, Anuruk Karoonyavanich Organizations: Nasdaq, REUTERS, Gushcloud International, Sunday, Reuters, VNG Corp, ASEAN, Association of Southeast Asian Nations, Carsome, Southeast, Bank, America’s, “, U.S ., ’, Companies, Deloitte, “ International, DBS Locations: SINGAPORE, SYDNEY, United States, New York City, U.S, Singapore, New York, Philippine, Washington, Beijing, Vietnam, Thailand, Malaysia, Asia, Indonesia, Southeast, Southeast Asia, China

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

☆ Meet the typical Hong Kong millennial: They're supporting their parents, can't afford to buy homes, and have zero interest in moving to mainland China
▼ + stars: | 2023-09-18 | by ( Faye Bradley | ) www.businessinsider.com time to read: +19 min

He earns 1.5 million Hong Kong dollars a year, or $191,000, including the base salary and three months' bonus — well above the average annual salary in Hong Kong. A protester on June 12, 2019 in Hong Kong when crowds gathered in central Hong Kong as the city braced for another mass rally. Anthony Kwan/Getty ImagesThe Hong Kong protests took place between 2019 and 2020, with many students and adults taking to the streets to fight back against the government's decision to introduce an extradition bill between Hong Kong and China. University of Hong Kong was ranked 31st and Chinese University of Hong Kong was 45, on the World University Rankings in 2023. Hong Kong millennials struggle to prioritize well-being, according to a survey run by British health insurance company Bupa.

Persons: Hong Kong's, Ken Ho, Hong Kongers, Ho, Kongers, —, hasn't, Summer Ng, Tau Kok, Ng, Hong, Kong's, Getty, Hong Kong millennials, it's, Aniqah Bhatnagar, Bhatnagar, Wilson Ho, Wilson Ho Wilson, Kai Tak, Anthony Kwan, Xu Huang, Huang, millennials, Gen Zs, Morgan McKinley, Zurine Lau, I'm, Yuen Long, Lau, Nick Shin Nick Shin, Tai Koo, They're Organizations: Service, University College London, Imperial College London, Fidelity Investments, Hong, HK, BBC, Property Management, Hong Kong, Hong Kong Baptist University, Deloitte Global, Statistics Department, University of Hong Kong, University of Hong, World, Family Planning Association, millennials, Hong Kong Free Press, CNN Locations: Hong Kong, Wall, Silicon, Kennedy Town, Kowloon Bay, Kwun Tong, Hong Kong's, United Kingdom, People's Republic of China, British, Asia, Hong, millennials, India, Kowloon, Kai, China, Singapore, Sydney, South America, ymgerman, South Korea, Hong Kong . Hong Kong, University of Hong Kong, New Territories, Tai

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