McKinsey Urges Women to Make Better Career Choices
Hello, and welcome back to the Equality newsletter. We're now about halfway through Women's History Month, and I want to talk about research from McKinsey & Co. that suggests women should make better decisions to tackle the gender pay gap.
But first, we'd love to hear your thoughts on the newsletter. Please take our survey here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Epoch Times
16 minutes ago
- Epoch Times
Beijing Is Desperate for Foreign Money
After years of making heavy demands on foreign investors and business interests, Beijing has awakened to its need for them and so is changing its tune. People walk on The Bund promenade along the Huangpu River during the passage of Typhoon Co-May in Shanghai, China, on July 30, 2025. People walk on The Bund promenade along the Huangpu River during the passage of Typhoon Co-May in Shanghai, China, on July 30, 2025. Hector Retamal/ AFP via Getty Images Commentary Beijing has learned one thing during the past couple of years, even before President Donald Trump's election: China's economy urgently needs foreign investment money and foreign business interests. For years, it seemed, Beijing acted as if it had all the advantages. Assuming, not incorrectly, that the foreign interests would tolerate a great deal to gain access to Chinese consumers, businesses, and Chinese markets generally, Beijing made stiff demands, among foreigners, imposing layers of red tape on U.S., European, and Japanese companies, refusing to actively enforce patent and copyright infringements, and demanding that every foreign company operating in China have a Chinese partner to which it had to disclose its technological and trade secrets. Story continues below advertisement Trump's primary complaints against China in 2018–19 highlighted such practices. The Chinese regime did not change then, but as foreign money has begun to look elsewhere, the authorities in Beijing have changed their tune. In June, it added tax incentives of up to 10 percent for foreign operations that reinvest their profits in China. This change has become all too evident in the past few weeks. During this rather compressed period, Beijing has announced steps to protect foreign copyrights and patents. Then just last month, seven key agencies in Beijing—including the National Development and Reform Commission, the Ministry of Finance, and the People's Bank of China—jointly issued what they called a ' Notice on Implementing Several Measures to Encourage Reinvestment by Foreign-Invested Enterprises.' Each of the 'several measures' sounds extremely friendly to foreign investment and overseas-based businesses. The new rules now require local governments throughout China to track and support foreign investment and expand the definition of what qualifies for such considerations. These new rules try to reduce the cost of foreign developments by granting easier access to industrial land, leasing, lease-to-own arrangements, and adjustable-term land transfers. Story continues below advertisement Regulators have been ordered to simplify and expedite approvals for projects as well as those that qualify for the previously announced tax breaks and do so for a wide range of earnings, including gains from foreign exchange transactions. Beijing's new friendliness surely comes in response to the shortfall of foreign investment over the past couple of years. In part because of the Chinese regime's past abusive behavior, but also official hostility to China trade in Washington, the European Union, and Japan, foreign businesses have begun to look away from China. In 2023, China suffered a net outflow of foreign capital . In the first half of 2025, foreign investment was 15.2 percent below 2024's reduced level. Strong investment upticks have occurred in e-commerce services, pharmaceuticals, aerospace equipment, and the manufacture of medical devices, but not enough to offset the general decline. The economic drag from these shortfalls has been undeniable, not only in China's export volumes but also more generally. Beijing has estimated that over the long haul, foreign investment enterprises, as they are called, have contributed between 20 and 30 percent of China's gross domestic product, or GDP. Doubtless, recent major concessions will draw some positive response from business in the United States, Europe, Japan, and elsewhere. It is unlikely, however, that foreign business or investment in China will return to what it was when the country was the primary destination for foreign investors. Story continues below advertisement For one, businesspeople the world over have memories of past abuses and are aware that Beijing's friendly approach today could easily change back should circumstances allow. They are also aware that a robust response to today's inducements will raise their exposure to China and make them that much more vulnerable should Beijing change its mind. Business managers have also become aware in recent years that there are opportunities elsewhere in Asia and Latin America that are, by comparison, more secure than in China. They will no doubt respond with caution. Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times.
Yahoo
2 hours ago
- Yahoo
The Garagisti & Co. GP1 in Photos
More from Robb Report Giddy-Up! An Epic 500-Acre Equestrian Estate in Maryland Just Listed for $18.5 Million Irish Whiskey Distilleries Are Shuttering Because of Trump's Trade Tariffs This Designer's Bespoke $26.5 Million L.A. Home Has Olive Trees, a Sports Court, and a Spa Best of Robb Report The 2024 Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World's Best Superyacht Shipyards The ABCs of Chartering a Yacht Click here to read the full article. The Garagisti & Co. GP1 in profile. The Garagisti & Co. GP1 from above. It's looking up at you. The Garagisti & Co. GP1's interior, including steering wheel and gear shifter. The Garagisti & Co. GP1 from the rear, including tail lights and exhaust tips.
Bloomberg
4 hours ago
- Bloomberg
Kenya's Fiscal Consolidation Can't Be Pushed Further, Mbadi Says
Kenya plans to switch to privatization to stimulate the economy after exhausting fiscal consolidation, its Treasury secretary said, ahead of talks with the International Monetary Fund for a new program. 'Having pursued fiscal consolidation over the last three years, the policy has now reached optimal levels and hence can't be pushed further,' John Mbadi told lawmakers on Monday. 'In this case an economic stimulus mechanism must be pursued,' he said as he sought lawmakers' approval to list part of its stake in state-owned Kenya Pipeline Co. via an initial public offering on the Nairobi bourse.
