Knowledge Centre
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World Bank raises China’s GDP growth outlook to 8.5 per cent
AP News, 29 June 2021The World Bank has raised its forecast of China’s GDP growth this year from 8.1 per cent to 8.5 per cent. A full recovery would require progress in the uptake of COVID-19 vaccinations, with 40 per cent of its population forecast to be inoculated over the next few months. The report is a positive sign for China, being the first major economy to...
socio political environment
How will the pandemic end?
The Jab Podcast, The Economist, 29 June 2021In this episode of The Jab podcast, Soumya Swaminathan, Chief Scientist at the World Health Organisation, and The Economist’s data journalist James Fransham, explore what’s next for the pandemic at this critical vaccine juncture. The panel analyses the importance of a successful global response, and unveils a new index...
socio political environment
2021 Reuters Institute Digital News Report released
Reuters Institute, 23 June 2021This year's annual Reuters' Institute Digital News Report reveals trust in news is up 6 per cent globally, and by 5 per cent in Australia, placing the nation in the mid-range among the 46 countries surveyed. Global consumption of print news has plunged markedly since 2016, and news from established channels is most trusted in western...
socio political environment
Dating app Bumble gives its employees a week of paid leave to combat burnout
ABC News, 23 June 2021Dating app Bumble has closed all its offices for a week to help employees recover from 'burnout'. The women-led dating app employs more than 700 staff across the world, all of whom have been given a "paid, fully offline" week to unwind. The company says its employees had a “very challenging time” during the pandemic, and so the one week break...
adaptive leadership
socio political environment
The future of the workplace: embracing change and fostering connectivity
Marino Mugayar-Baldocchi, Bill Schaninger & Kartik Sharma, McKinsey & Company, 21 June 2021COVID-19 has changed the workplace as we have known it. While the physical space still exists, the overall idea of what a workplace is needs to be reimagined. Organisations must address the changes wrought by the pandemic and the rapid pace of technological investment to enable remote and flexible work. In particular, organisations must take...
stakeholder
socio political environment
A post-truth world: why Ronaldo did not move Coca-Cola share price
IESE Business School, Forbes, 19 June 2021A few hours after the Euro 2020 opener, an assortment of articles had appeared all over the world suggesting that Ronaldo’s distaste for unhealthy Coca-Cola products had wiped out US$4 billion of the brand’s value. Yet so much of this conjecture was built on a shaky, if not false, premise. In fact, Coca-Cola’s market value was already down US$4...
corporate narrative
socio political environment
The ransomware pandemic, America-Russia diplomacy, and the best days to work from home
Editor’s Choice Podcast, The Economist, 18 June 2021In this episode of the Editor's Choice podcast, a selection of three essential articles are read aloud from the latest issue of The Economist...
socio political environment
IKEA fined 1.1 million Euros by French court for spying on staff
Sarah Butler, The Guardian, 16 June 2021IKEA has been fined 1.1 million Euros, being found guilty of gathering data to sift out potential troublemakers among employees. Two former Ikea France executives were also convicted and fined over an elaborate scheme to gather information on hundreds of employees, job applicants and even customers over several years, using private detectives...
socio political environment
US companies push employees to prove they are vaccinated for COVID-19
Chip Cutter & Orla McCaffrey, The Wall Street Journal, 14 June 2021Companies are stepping up the pressure on workers to get vaccinated for COVID-19. For months, employers have attempted to coax workers into receiving a COVID-19 vaccine, dangling cash, time off and other prizes. Now, employers are taking a more assertive tone, asking workers to report their vaccination status or implementing policies that...
socio political environment
corporate responsibility
Proxy adviser crackdown could censor activism on issues like executive pay, gender diversity, and climate change
Nassim Khadem, ABC News, 08 June 2021A Treasury paper suggests proxy advisers should be forced to give the companies they're reviewing five days' notice of shareholder voting recommendations. It also suggests super funds be required to make their voting records public, including where votes are consistent with proxy firm advice. The proposed changes are backed by the Business...
socio political environment