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Member News
Member News
02
Aug
We have previously reported on the government's commitment to its proposals in "Make Work Pay", with a number of measures to be included in a new Employment Bill and Equality (Race and Disability) Bill announced in the King's Speech.
The government is also pressing forward with its proposals around wider workforce issues, including the need to upskill the workforce to meet future challenges with the launch of Skills England and a "blueprint for fundamental reform" to stop "spiralling economic inactivity".
Tackling economic equality;...
31
Jul
The federal government makes the Inflation Reduction Act’s lucrative energy tax credits even more beneficial — if your company is willing to meet the prevailing wage and apprenticeship requirements.
If you meet the requirements, you can receive a five-time base multiplier of the credit or deduction (for example, a 30% credit for energy property rather than a 6% credit). It’s a major benefit and one worth exploring if you’re interested in cashing in on even more credits.
The prevailing wage and apprenticeship...
31
Jul
IE University becomes custodian of a US College based in SoHo with a focus on Business and Sustainability.
IE University has replaced Glasgow Caledonian University as the sole member of Glasgow Caledonian New York College (GCNYC). This US College based in SoHo will be renamed IE New York College (IENYC) upon accreditation approval for the name change. With this replacement IE University becomes custodian of a state-of-the-art College with a focus on Business and Sustainability. The College has been provisionally...
31
Jul
Written By Jessica Horwitz, Alison FitzGerald and Andrei Mesesan | On July 20, 2024, an Order Amending Canada’s Export Control List (ECL) (SOR/2024-112, or the Order) came into effect. This amendment adds five new controls under Item 5506 of the ECL, extending Canada's export regulation of certain advanced semiconductors and quantum computing technology.
These changes are unilateral strategic export controls implemented by Canada, but they are aligned with similar controls in force or in development by international allies such as...
30
Jul
Headlines for Q3 2024
Elevated ocean rates, Labor issues looming in N. America, and Cybersecurity
Global Ports
The Headlines: Port congestion in Asia, particularly in Singapore, has intensified, causing delays of up to seven days and affecting over 450,000 TEU of vessel capacity. In response, shipping rates have risen from Asia, with spot rates from North Asia to the U.S. West Coast reaching the highest they’ve been since late 2022. Singapore is attempting to expand its handling capacity; however, delays are...
30
Jul
Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year
Sales increase by 12.8% in local currencies, negative foreign currency impact of -3.6%
Material margin expands to 55.1% (first half of 2023: 52.7%)
EBITDA margin jumps to 18.7% (first half of 2023: 16.5%)
Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million)
Successful integration of MBCC with raised synergy guidance for the year (CHF 100 – 120...
29
Jul
ING today announced the appointment of Daniele Tonella as chief technology officer (CTO) and member of the Management Board Banking, effective 5 August 2024. He will succeed Marnix van Stiphout who has held the role ad interim since 1 November 2023, in addition to his roles as chief operations officer and chief transformation officer.
Daniele Tonella (Swiss) has over 20 years of experience in technology leadership roles in the financial industry and is currently active in advisory and board roles...
29
Jul
The fallout from the CrowdStrike outage highlighted the fragility of several industries and supply chains. Even though the outage impacted a mere 1% of Windows devices, the disruption had huge economic and logistical consequences, emphasizing the need for higher standards in managing third-party computer updates, especially since the time it takes to recover can be much greater than the time of the actual incident. The event has experts calling for improved resiliency and contingency planning.
The threat to commercial shipping in...
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