‘I never see the point of spending money for the sake of it’


By Emma Dunkley Peter Hargreaves does not mince his words. Shortly after arriving at Cafe Murano, a stylish Italian restaurant on St James’s Street in the West End of London, he tells me that he rarely ventures this far for business meetings, preferring instead to make Zoom calls from the comfort of his home in Bristol. “People would say, ‘Peter why don’t you come to London and have lunch in our boardroom?’” He pauses, then says emphatically, “Why the bloody hell do I want to do that? I’d say if you want to see me, come and see me.” I’m honoured … Continue reading ‘I never see the point of spending money for the sake of it’

Bloomberg highlights 2024


In a world where authoritarianism and war are on the march, the fatalists have retreated, shrugging their shoulders in the knowledge that the climate crisis will probably moot everything else. And 2024 was certainly their year. The past 12 months have seen a steady drumbeat of unsuccessful climate negotiations where nations couldn’t put long-term survival ahead of short-term benefit. Talks to halt plastic pollution, protect biodiversity and end desertification all failed. A deal at the COP29 summit left developing nations furious with the amount of money agreed upon to help them battle global warming—and the accord even avoided mentioning the need to move away from fossil fuels. Meanwhile, humanity is burning … Continue reading Bloomberg highlights 2024

The Best of Bain 2024


The world ahead of us In this mailing we highlight the eight most-read and most-commented on stories of the year. Could they also be predictive? Taken together, they offer a frame through which to view a newly post-global world, where AI is an object of intense awe (and scrutiny) and where leaders distinguish themselves by building resilient corporations steeled against increasingly frequent shocks. The question to ask as you read is, which of these risks is actually your greatest opportunity? — The Bain Team 1 Tariffs and the awful price of inaction The globalized world is going post-global. Every executive … Continue reading The Best of Bain 2024

New pubs on Medium


Over 11,000 new publications were launched in 2024! Here are a few that particularly resonated with our readers this year: Active pubs These publications are dependable resources every day. They are inspiring examples of what Medium communities can offer, especially if you are thinking about launching a pub of your own! Continue reading New pubs on Medium

Two million people are expected to leave in Canada’s immigration reset


Two million people are expected to leave the country in Canada’s immigration reset. What if they don’t? Economists and lawyers warn that Ottawa’s goal to curb population growth in such a short time will create chaos and confusion in a system already on the edge Author of the article: Naimul Karim Published Dec 19, 2024  •  Last updated 4 days ago  •  10 minute read 167 Comments Article content Despite moving to Canada from India in 2018 as an international student and receiving a work permit upon graduating two years later, Dinesh* lives in Ontario today as a visitor even though that was obviously not … Continue reading Two million people are expected to leave in Canada’s immigration reset

Goodbye Berlin


As I pack my bags after nine years in Berlin, I’m leaving a city that seems to be trapped in a narrative of its own decline. Veterans say it has jumped the shark. Flats are impossible to find. Spots in day care are like hen’s teeth. The bureaucracy is mind-numbingly analogue. Gentrification has flattened its anarchic soul. The edginess has gone. Some of this may be true. But it doesn’t reflect my experience. To me, Berlin is at the top of its game, a city that, if it weren’t so self-effacing, could almost be the capital of Europe. null When … Continue reading Goodbye Berlin

The Cyber Angle


Bloomberg The US private equity firm AE Industrial Partners has acquired one of Israel’s leading spyware companies in a move that’s injected enthusiasm into the Middle Eastern country’s scandal-plagued surveillance technology industry. Florida-based AE bought Tel-Aviv’s Paragon in a deal worth up to $900 million, according to a person familiar with the deal, who spoke on condition of anonymity to discuss confidential business. The agreement consists of an initial $500 million payment and could increase by a further $400 million depending on sales and other targets, the person added. AE plans to merge Paragon with REDLattice, a US cybersecurity firm … Continue reading The Cyber Angle

TSource: McKinsey & Company, link in the comments


Becoming an #AI bank is no longer a question of if but of how. McKinsey has just released one of the best reports on how to do it. Here are my main take-aways: —  Reimagining the customer experience (personalization, frictionless journeys)—  Using AI to help with decision making—  Modernizing core #technology—  Setting up a platform operating model —  Set a bold, bankwide vision for the value AI can create—  Transform entire domains, processes, and journeys rather than just deploying narrow use cases—  Build a comprehensive stack of AI capabilities powered by multiagent systems—  Sustain and scale value by setting up critical enablers of the AI transformation —  A business-led … Continue reading TSource: McKinsey & Company, link in the comments

Top 10 | McKinsey Global Institute


As 2024 draws to a close, we’re revisiting our most popular insights of the year. Today, we give you our best-read pieces from the McKinsey Global Institute, which focus on topics including navigating the energy transition, investing in productivity growth, and more. 1. Geopolitics and the geometry of global trade Global trade patterns are reconfiguring. More shifts are likely and businesses need to be aware of the potential trade-offs of different paths ahead. Be prepared for a range of shifts  2. A new future of work: The race to deploy AI and raise skills in Europe and beyond To gain … Continue reading Top 10 | McKinsey Global Institute