Why Japanese firms are being so slow to use AI
Japan lags significantly behind the US and UK in workplace AI adoption, with just 8.4% of workers using AI compared to 50% in America, due to conservative corporate culture and risk aversion.
The ‘20% rule’ behind Giorgos Tsetis’ blueprint for a new kind of family office
Giorgos Tsetis operates his family office Great Things by investing in startups rapidly while committing at least 20% of annual profits to philanthropy, having deployed nearly $40 million in investments and $7 million in charitable commitments over 18 months.
From tourism to power generation and productivity, Europe feels economic cost of heatwaves
European economies face significant economic losses from heatwaves this summer, with analysts estimating €180 billion could be wiped from EU GDP due to infrastructure shutdowns, reduced productivity, and disrupted supply chains.
New UK cost of living crisis looms with soaring energy bills forecast to lift inflation
UK inflation is forecast to rise to nearly 3% in July as soaring energy bills squeeze household budgets, with economists warning of a renewed cost of living crisis amid global energy market volatility.
Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediately
Invitation Homes CEO says a recently passed ban on institutional homebuying will eventually lower prices but not immediately, citing mortgage volatility and construction costs as near-term obstacles.
GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
General Motors has entered a $4.5 billion parts purchasing facility with Procura Auto Parts, designed to secure critical components and avoid supply chain disruptions through advance supplier payments.