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Worldline shares fall over 20% after media investigation

Worldline shares fall over 20% after media investigation

Yahoo4 hours ago

(Reuters) -Worldline shares fell over 20% on Wednesday after an investigation by 21 European media outlets alleged the French digital payments company covered up client fraud to protect revenue.
Responding to the reports, Worldline said in a statement that since 2023 it has strengthened merchant risk controls and terminated non-compliant client relationships.

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German industry sees 'longer' path out of recession as tensions climb
German industry sees 'longer' path out of recession as tensions climb

Yahoo

time6 minutes ago

  • Yahoo

German industry sees 'longer' path out of recession as tensions climb

German industry faces a "longer and more difficult path out of recession" as a result of shocks to the global economy, a trade association leader said on Monday. Peter Leibinger, president of the Federation of German Industries (BDI), highlighted "flashpoints" such as the tariff conflict with the United States and the escalation in the Middle East. Speaking at an event to mark the "Day of Industry" in Berlin, Leibinger said he was worried about Iran blocking the Strait of Hormuz, a crucial shipping lane for oil transport. A temporary blockade in response to the Israeli and US attacks on Iran could have massive implications for oil prices, he argued. Leibinger also warned of tighter export restrictions in China on rare earth minerals, which are needed for many high-tech sectors. The BDI now expects the German economy to fall 0.3% this year, down from its January forecast of a 0.1% drop. Managing director Tanja Gönner said the association's forecast - which is markedly lower than those of other institutes - takes into account growing uncertainty, for example in US customs policy. The BDI assumes that planned US tariffs will come into effect, expecting a 20% duty on some EU goods from July 10. The German government has recently expressed confidence that an agreement between the European Commission and the United States would soon be signed. Looking ahead to 2026, Leibinger said there is "a real chance of an upturn ... If the German government continues to pursue the announced path, then there is a real chance of an upturn next year." Chancellor Friedrich Merz's conservative-led coalition wants to stimulate the economy with tax relief and reductions in energy prices, after Germany experienced two consecutive years of recession. Leibinger spoke of a "confidence problem" in the country, which he argued is slowing down investment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Three Ways Managers Can Make Teams More Productive
Three Ways Managers Can Make Teams More Productive

Forbes

time14 minutes ago

  • Forbes

Three Ways Managers Can Make Teams More Productive

Signaling when you're being productive or available for interruptions like a stoplight can help ... More teams. (Photo by Adrian Sherratt/Construction Photography/Avalon/Getty Images) Work today is full of interruptions. The constant influx of emails, notifications, and questions from co-workers can slow individual progress and create a sense of frustration. After all, most people want to feel productive and work toward crossing off important goals from their to-do list. But productivity is more than a one-person show: it's a team effort. Recognizing this can help managers to make their teams more productive. 1. Signal Team Member Availability One solution is to let team members know when they should avoid interrupting people, so that focus time is protected. To accomplish this, a team of researchers at the University of Zurich developed the 'FlowLight,' a tool that detects when a worker is focused and signals availability for interactions to others. First, the tool measures whether workers are in a state of 'flow,' detecting this through computer activity like keyboard and mouse usage. Then, the tool signals via a lightbulb mounted nearby whether now is a good time for interruptions. Like a traffic light, red signals that a person should not be interrupted as they're in the midst of deep work, while green means go ahead. Testing out the FlowLight in a field study of 449 workers across 12 different countries, the researchers found that FlowLight reduced interruptions at work by 46%, allowing workers to focus their energy on individual goals at opportune moments. Given that recovery from a single interruption takes on average 23 minutes and 15 seconds, this amounts to a lot of time saved each workday. Likewise, making it clear in schedules when people are available for interacting with others versus in focus time can help. The same researchers also developed a tool that encourages team members to designate time in these categories in their workday, and then displays this information to co-workers in a digital schedule. Testing this tool with 48 participants over 6 weeks, the tool helped workers to align their schedules so that teams could plan around rhythms of focus time and interaction time. This led workers to experience fewer interruptions during focused work, with 88% agreeing at the end of the study that they could focus well on their work when needed. Coordinating schedules made work less stressful and improved teamwork because workers no longer feared being interrupted at critical moments and were still able to answer co-workers in a timely manner. Taken together, both of these research projects show that signaling to your team members when you're being individually productive and when you're available for helping others can be one way to get the team on board so that by working together, you minimize the cost of interruptions. 2. Change Mindsets About Being Productive Of course, it's not possible to avoid all interruptions, even when team members have the best of intentions. What can be done to help people cope with frustration when interruptions do interfere with work? Research led by Professor Thomas Fritz and co-authored with me, Alexander Lill, and Dr. André Meyer from the University of Zurich and Professor Gail Murphy from the University of British Columbia suggests reflecting on one question can make an impact: 'How can your team help you to be more productive?' Answering this question can boost employees' feelings of productivity at work. 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To test this idea, we conducted an experiment at a large multinational company where we asked 48 employees in different teams to report their feelings of productivity at the end of each workday over nine weeks. A few weeks into the study, team members received an additional reflection exercise which asked them to reflect on the question 'How did your team help you to be productive today?' This question encouraged workers to recognize that the team can help their productivity. Results showed that this reflection exercise increased workers' individual feelings of productivity, with team members reporting up to an 8.8% gain. 3. Build Productive Reflection into the Workday Team members described how the reflection exercise created a 'higher awareness of what everybody is doing for the team' and made them more 'grateful for all the help and assistance that [they] have received for [their] tasks.' Additionally, individuals began to reevaluate their own contributions and behavior at work, saying that the daily reflections made them more aware that 'if I'm helping the team, then that is being productive, and I need to be a little less, maybe harsh on myself by not judging myself as being unproductive when I'm actually not.' However, for teams with low initial levels of cohesion, the exercise backfired and undermined team cohesion as well as feelings of productivity. Team leaders should thus focus on establishing team cohesion and only then use reflection exercises to solidify and further improve productivity. How can leaders act on these insights? They can take steps to create space for reflection during the workday. Dr. Meyer described the value of reflection in an interview with me: 'Our studies show that reflection helps shift focus from daily frustration to personal growth, empowering individuals to improve with each iteration.' 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Boosting NATO spend means upping protection for Ukraine, Kaja Kallas tells Euronews' Europe Today
Boosting NATO spend means upping protection for Ukraine, Kaja Kallas tells Euronews' Europe Today

Yahoo

time19 minutes ago

  • Yahoo

Boosting NATO spend means upping protection for Ukraine, Kaja Kallas tells Euronews' Europe Today

If NATO member states pledge to increase their defence expenditure to 5% of GDP, that will convert into more assistance for Ukraine, EU High Representative Kaja Kallas told Euronews' morning show Europe Today. Kallas was asked if the US was diverging from the other NATO members in its approach to Ukraine. 'When member states agreed to spend more on defence, that also means that they have more means to help Ukraine," she told Euronews' Shona Murray, on the ground in the Hague for the NATO summit on Wednesday. 'When it comes to Europe, we have agreed that we will support Ukraine militarily, and we will also put more pressure on Russia so that they would also want peace in order end this war, so it is very clear for us,' she said. The show included an update on the latest in the Middle East, where a fragile ceasefire remains intact, amid news reports from the US suggesting that US airstrikes on Sunday may not have neutralised Iranian nuclear capacities to the extent touted by the White House. The show also included exclusive discussion with the foreign ministers of Estonia and Belgium on the NATO 5% GDP target, with both countries adopting contrasting attitudes. It also included an explainer on the 5% target: what it means in practice. Watch the full show here.

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