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Tuesday, June 13, 2023

June 13, 2023 - UK employers offer record pay awards in three months to April

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TradeBriefs Editorial

From the Editor's Desk

How Perspective Swaps Can Unlock Organizational Change

Leaders often suffer from “power poisoning” and fixate on their own needs and ambitions. A perspective swap — where, for example, a CEO works as a customer service representative for a day, or an HR representative works in sales for a week — can help detox leaders from blind spots and distorted views of what’s actually happening on their teams. Perspective swaps can also be effective when applied laterally across different teams, such as sales, and marketing, helping cross-functional teams gain a deeper understanding of the challenges that other departments face. At the heart of perspective swaps is the idea that there is always more than one way to view a situation. They help build “cognitive flexibility” — the ability to think creatively and adaptively in response to new situations and change efforts. Ultimately, perspective swaps can foster a culture of innovation and empowerment that leads to better outcomes for everyone involved.

To remain competitive, businesses must continually challenge the status quo and find ways to reinvent themselves. In a world where complacency can be comfortable, one unconventional approach can jolt organizations out of their traditional ways: It’s called the perspective swap. For example, a CEO might spend a day working as a customer service representative. Or, an HR representative might spend a week working in sales.

Continued here


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UK employers offer record pay awards in three months to April
UK employers offer record pay awards in three months to April
British employers agreed pay increases averaging 5.6% in the three months to April, reflecting high consumer price inflation and a hefty rise in the minimum wage, putting further pressure on the Bank of England to keep raising interest rates.

Work
Woman who took abortion pill after UK term limit sentenced to 28 months | CNN
Woman who took abortion pill after UK term limit sentenced to 28 months | CNN
A British woman who used medication to induce an abortion after the United Kingdom's legally allowed limit has been sentenced to prison for 28 months, the PA Media news agency reported.





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Woman who took abortion pill after UK term limit sentenced to 28 months | CNN
Woman who took abortion pill after UK term limit sentenced to 28 months | CNN
A British woman who used medication to induce an abortion after the United Kingdom's legally allowed limit has been sentenced to prison for 28 months, the PA Media news agency reported.

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UK exports in last decade worse than any G7 country except Japan
UK exports in last decade worse than any G7 country except Japan
“It’s clear that appetite for world-class UK goods and services continues to grow globally, and we’ll keep supporting these fantastic businesses in their exporting journey, helping to create more jobs, pay higher wages and grow the economy.”



Work
'Morale is very low': evicted tenant's three months and counting in a London Travelodge
'Morale is very low': evicted tenant's three months and counting in a London Travelodge
George Savva, the council's cabinet member for social housing, said: "We have no alternative but to follow the approach of many other local authorities and help find homeless households decent, stable homes in affordable areas outside of London."

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Call to overhaul 'out of date' UK abortion laws after woman jailed
Call to overhaul 'out of date' UK abortion laws after woman jailed
Doctors later concluded the foetus was from 32 to 34 weeks' gestation (between seven and eight months) at the time of termination. In England, Scotland and Wales, abortion is generally legal up to 24 weeks but is carried out in a hospital or clinic after 10 weeks.



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Call to overhaul 'out of date' UK abortion laws after woman jailed
Call to overhaul 'out of date' UK abortion laws after woman jailed
Doctors later concluded the foetus was from 32 to 34 weeks' gestation (between seven and eight months) at the time of termination. In England, Scotland and Wales, abortion is generally legal up to 24 weeks but is carried out in a hospital or clinic after 10 weeks.

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Twenty-four UK doctors in five years censured over medical record breaches
Twenty-four UK doctors in five years censured over medical record breaches
The GMC reiterated that doctors should not access patients’ records without a medical reason. A spokesperson said: “Patients must have confidence that their personal information is protected at all times. Our guidance is clear. We expect doctors to make sure any personal information about patients is effectively protected at all times against improper access, disclosure or loss, and they must not access a patient’s personal information unless they have a legitimate reason to view it.”



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Tuesday briefing: A years-long inquiry into the Covid pandemic starts today - what will it find?
Tuesday briefing: A years-long inquiry into the Covid pandemic starts today - what will it find?
Proof that you can teach an old dog newt tricks: Freya the springer spaniel has been primed to sniff out at-risk amphibians from up to two metres away. Along with her colleagues, Nicola Jayne Glover - an ecology PhD student at the University of Salford in the UK - trained her dog to identify elusive great crested newts (the species is protected by law, and anyone found guilty of disturbing their resting or breeding sites, or of taking their eggs, can face up to six months in prison).

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Quarter in UK believe Covid was a hoax, poll on conspiracy theories finds
Quarter in UK believe Covid was a hoax, poll on conspiracy theories finds
Three out of 10 people thought the “Great Reset” initiative announced by the World Economic Forum in 2020 was a conspiracy to impose a totalitarian world government. Between a fifth and a quarter of people – 8 million to 10 million adults – said they would protest against the introduction of central bank digital currencies, a “deep state” of military, intelligence and government officials who try to secretly manipulate government policy, “15-minute cities” and against vaccines.



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Arm Courts Intel as Anchor Investor in Upcoming IPO
Arm Courts Intel as Anchor Investor in Upcoming IPO
Arm is a jewel of the UK technology industry. Its tech is found in most of the world’s smartphones and is pervasive across the electronics industry. The company is keeping its headquarters in Cambridge, England, for the time being and hasn’t ruled out the potential for a secondary listing in London down the road.

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Arm Courts Intel as Anchor Investor in Upcoming IPO
Arm Courts Intel as Anchor Investor in Upcoming IPO
Arm is a jewel of the UK technology industry. Its tech is found in most of the world’s smartphones and is pervasive across the electronics industry. The company is keeping its headquarters in Cambridge, England, for the time being and hasn’t ruled out the potential for a secondary listing in London down the road.



Work
Arm Courts Intel as Anchor Investor in Upcoming IPO
Arm Courts Intel as Anchor Investor in Upcoming IPO
Arm is a jewel of the UK technology industry. Its tech is found in most of the world’s smartphones and is pervasive across the electronics industry. The company is keeping its headquarters in Cambridge, England, for the time being and hasn’t ruled out the potential for a secondary listing in London down the road.

Work
Mall operator Westfield gives up San Francisco Centre, latest business to pull back from city | CNN Business    
Mall operator Westfield gives up San Francisco Centre, latest business to pull back from city | CNN Business
Westfield plans to give up control of its mall, the San Francisco Centre, after over 20 years of operation - yet another sign of San Francisco's struggling economy. The decision comes after Nordstrom said it would leave the mall last month.




Work
Flush with cash, the Middle East is ramping up investment in soccer as a soft power push    
Flush with cash, the Middle East is ramping up investment in soccer as a soft power push
Manchester City's win, heavily backed by UAE money, comes as Saudi Arabia and Qatar look to ramp up their investment in soccer.


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See the "monster" catfish nearly the size of a cargo van that was caught in Italy and may be a world record    
See the
The more than 9-foot-long "prehistoric" catfish put up a 40-minute fight with its angler in Italy's Po River.




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IKEA bets on remote interior design as AI changes sales strategy    
IKEA bets on remote interior design as AI changes sales strategy
LONDON: IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie. In April, IKEA expanded its interior design services to the


Work
You’re Probably Not Replacing Your HVAC Filters Often Enough    
You’re Probably Not Replacing Your HVAC Filters Often Enough
Keeping up with air filter replacement is more important than you might think.


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Meet the Trade Republic flywheel of alumni-turned-founders    
Meet the Trade Republic flywheel of alumni-turned-founders
It’s these kinds of second-generation, alumni founders that investors say are key to the future success of European tech


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UBS just reshuffled its leadership ranks after buying Credit Suisse. See the new power players in charge of the $1.7 trillion Swiss banking behemoth.    
UBS just reshuffled its leadership ranks after buying Credit Suisse. See the new power players in charge of the $1.7 trillion Swiss banking behemoth.
UBS is tweaking the leadership of its wealth management and investment banking units after buying Credit Suisse. Insider has all the names.


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Twitter's new CEO just sent her first email to employees, then posted it on Twitter    
Twitter's new CEO just sent her first email to employees, then posted it on Twitter
Twitter's new CEO Linda Yaccarino shared her outlook for "Twitter 2.0" as she takes over from owner Elon Musk after his tumultuous reign.


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Japan's Nikkei breaches 33,000 mark, hitting 33-year high    
Japan's Nikkei breaches 33,000 mark, hitting 33-year high
Toyota rides automaker wave, semiconductor-related shares also climb


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Forget de-dollarization    
Forget de-dollarization
If Argentina adopts the greenback, it would become the biggest economy so far to dollarize, according to Bloomberg.


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Peak XV exits Go Fashion with 17 times returns     
Peak XV exits Go Fashion with 17 times returns
Smartest takes on tech companies


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UK tourists die in diving boat fire in Egypt's Red Sea    
UK tourists die in diving boat fire in Egypt's Red Sea
The news follows a tragic accident last week when a 23-year-old Russian was killed in a shark attack in Hurghada....


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Ministry of Electronics and IT has no info about who developed CoWIN, according to an RTI    
Ministry of Electronics and IT has no info about who developed CoWIN, according to an RTI
CoWIN or the COVID Vaccine Intelligence Network may be an application crucial to the Covid-19 vaccination drive but the Ministry of Electronics and Information Technology (MietY) has "no information" about who developed it and the money spent on it, if one goes by a response to an RTI query. Law student Aniket Gaurav had sought details of people who were behind the development of the app, the money spent on developing it, copies of communication between the industry and the government on developing the app among others.


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Exclusive: Pakistan paid in Chinese currency for discounted Russian oil- minister    
Exclusive: Pakistan paid in Chinese currency for discounted Russian oil- minister
Pakistan paid for its first government-to-government import of discounted Russian crude oil in Chinese currency, the South Asian country's petroleum minister said on Monday, a significant shift in its U.S. dollar-dominated export payments policy.


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Exclusive-SoftBank prepares new round of layoffs at Vision Fund -sources    
Exclusive-SoftBank prepares new round of layoffs at Vision Fund -sources
SAN FRANCISCO : SoftBank Group Corp is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said, the latest cost-cutting move at the Japanese conglomerate.The layoffs, which could be announced in the next two weeks, may impact up to 30 per cent of its s


Work
Small amounts of alcohol may turn down stress in the brain, benefiting the heart, new study finds | CNN    
Small amounts of alcohol may turn down stress in the brain, benefiting the heart, new study finds | CNN
Researchers say they may be able to explain how light drinking benefits the heart, and its main effect doesn't stem from changes in the blood - as scientists once thought - but from its actions in the brain.


Work
UK employers offer record pay awards in three months to April    
UK employers offer record pay awards in three months to April
British employers agreed pay increases averaging 5.6% in the three months to April, reflecting high consumer price inflation and a hefty rise in the minimum wage, putting further pressure on the Bank of England to keep raising interest rates.


Work
Goldman Sachs CEO David Solomon warns of pain ahead for commercial real estate    
Goldman Sachs CEO David Solomon warns of pain ahead for commercial real estate
The commercial real estate industry is in the throes of a painful adjustment to higher borrowing costs and lower occupancy rates.


Work
Tesla owners will hate waiting in charging lines behind Ford and GM cars, analyst says    
Tesla owners will hate waiting in charging lines behind Ford and GM cars, analyst says
Tesla owners probably won't like the company's move to allow EV customers from Ford and GM to use the Supercharger network.


Work
Woman declared dead knocks on coffin during her own wake in Ecuador: "It gave us all a fright"    
Woman declared dead knocks on coffin during her own wake in Ecuador:
Media reported the unusual incident, with headlines celebrating the woman's "resurrection," but doctors said her condition remains dire.


Work
Mall operator Westfield gives up San Francisco Centre, latest business to pull back from city | CNN Business    
Mall operator Westfield gives up San Francisco Centre, latest business to pull back from city | CNN Business
Westfield plans to give up control of its mall, the San Francisco Centre, after over 20 years of operation - yet another sign of San Francisco's struggling economy. The decision comes after Nordstrom said it would leave the mall last month.


Work
Fueled by Long Credit Binge, China’s Economy Faces Drag From Debt Purge    
Fueled by Long Credit Binge, China’s Economy Faces Drag From Debt Purge
Consumers, businesses and local governments are looking to deleverage—diverting income to pay down debt instead of spending and investing.


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Can’t get along with your siblings? How to build stronger bonds with your brother or sister    
Can’t get along with your siblings? How to build stronger bonds with your brother or sister
Whether you’ve always been close, or wish you got along better, here’s how to bolster your connection.


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Pyrex kitchenware maker files for Chapter 11 bankruptcy    
Pyrex kitchenware maker files for Chapter 11 bankruptcy
Instant Brands, the maker of Pyrex kitchenware, filed for bankruptcy on Monday, saying it had too much debt to withstand rising interest rates and tighter credit conditions.


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WeWork Faces More Turmoil After Its Chief Executive Departs    
WeWork Faces More Turmoil After Its Chief Executive Departs
The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.


Work
Scoop: Fox demands Tucker Carlson cease-and-desist in new letter    
Scoop: Fox demands Tucker Carlson cease-and-desist in new letter
"Tucker will not be silenced by anyone," his lawyers said in a statement.


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Treating beef like coal would make a big dent in greenhouse-gas emissions    
Treating beef like coal would make a big dent in greenhouse-gas emissions
Cattle are a surprisingly large producer of greenhouse gases


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Silvio Berlusconi, scandal-ridden former Italian prime minister, dies aged 86    
Silvio Berlusconi, scandal-ridden former Italian prime minister, dies aged 86
Health of flamboyant media tycoon who led three Italian governments had deteriorated in recent years




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