Global Scans · Organizations · Weekly Summary

WHAT'S NEW?: Moves away from traditional, hierarchical, full-time structures towards a gig and shared economy continue apace. New models of virtual working and work anywhere, anytime for anybody are likely to grow dramatically in the coming years.

  • [New] Acuity Brands, Inc. is expected to grow revenue due to a healthy backlog, expansion into new verticals, and product innovation. Seeking Alpha
  • [New] Phishing and employees unintentionally putting data at risk took the top spots as the main causes of a data breach within organizations in the UK and US, closely followed by ransomware. theHRDIRECTOR
  • [New] Global research into the security and storage of data uncovered that 63% of surveyed UK and US IT Security Decision Makers expect their mobile / remote workers to expose their organization to the risk of a data breach. theHRDIRECTOR
  • [New] Valora envisions a broad spectrum of applications for Mobile Stack, including facilitating borderless peer-to-peer payments, simplifying onboarding processes for DeFi services, and supporting initiatives like universal basic income in emerging markets. The Crypto Times
  • [New] The Agreement on Climate Change, Trade and Sustainability opens up commercial opportunities for New Zealand businesses by focusing on trade in sustainable goods and services. The Beehive
  • [New] Philippine economic growth is expected to accelerate beginning in the second quarter of the year, driven by ramped up government spending, easing inflation, and the high employment level. Daily Tribune
  • [New] The collective efforts of government, businesses, and citizens will be pivotal in shaping a greener and more prosperous India in the years to come. Outlook Publishing India Pvt Ltd
  • [New] The PRC's Taiwan Affairs Office downplayed the risk that the PRC will prosecute ordinary Taiwanese citizens after the PRC released legal guidelines that threaten advocates of Taiwanese independence with criminal penalties up to the death penalty. Institute for the Study of War
  • [New] The cumulative installed capacity of the global gas-based blue hydrogen may range from 6 to 12 MMTA in 2030, which implies that it would be hard for the blue hydrogen production by SMR with CCS alone in the U.S. to reach 10 MMTA in 2030. Nature
  • [New] The auto sector is expected to create more headlines as the battle between the European Union and Chinese electric vehicle companies ramps up and Hyundai workers in South Korea threaten to strike. Seeking Alpha
  • [New] Annual water scarcity considering only water quantity is expected to reach around 0.2, whereas considering both water quality and quantity is expected to be a factor of 24 higher compared to water scarcity considering only water quantity in 2050 under the RCP8.5 - SSP5 scenario. Nature
  • [New] The Mobileye ISA system is expected to be integrated by a major global auto group into two vehicle brands for models going on sale in Europe later this year, with three other global automakers following close behind in 2024 and beyond. Mobileye
  • [New] Nearly half of respondents to the latest EY Global Board Risk Survey saw geopolitical events as a potentially severe threat to their business over the next 12 months, while 43% were very concerned by the prospect of regulatory changes and 40% saw unfavorable economic conditions as a serious risk. MIT OpenCourseWare
  • [New] A shock hot report could easily roil markets just as traders started to feel more hopeful of two Fed rate cuts in 2024, assigning an 80% probability of the first arriving in September.
  • [New] Inflation rates were higher than growth rates in 2023, leading to SMEs in the non-financial business sector experiencing a decline of -1.6% in real value added in 2023, with a further -1.0% decline expected for 2024. Internal Market, Industry, Entrepreneurship and SMEs
  • With UK fintech funding in 2024 having already matched its total for last year and capital markets showing signs of a rebound, analysts are expecting a pickup in IPO activity. CityAM
  • OpenHarmony is being widely promoted within China as a national operating system, amid concerns that other major companies could be severed from the Microsoft Windows and Android products upon which many systems rely.
  • Platforms like Heuritech leverage AI to analyze social media images, helping brands like Louis Vuitton and Dior anticipate trends and align production. Indian Retailer
  • We see the end of restrictive rates aiding earnings growth in economies outside the US and help propel global risk markets higher. Nikko AM Global Site
  • We expect the end of restrictive rates outside the US to buoy markets, supporting countries such as Germany which have been struggling over the past 18 months. Nikko AM Global Site
  • Next year, Canada will become the 34th country in which Apple offers Self Service Repair. Apple Newsroom
  • As global markets continue to navigate through a complex landscape marked by fluctuating retail sales and robust industrial output, investors are keenly observing trends that might indicate sustainable growth. Yahoo Finance

Last updated: 08 July 2024

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