Latest news with #corporations
Bloomberg
8 hours ago
- Business
- Bloomberg
Trump's Attack on DEI Hits UK as Corporate Sponsors Abandon LGBTQ Pride
The Trump administration's attack on US diversity, equity and inclusion policies is reverberating across the Atlantic, with corporations abandoning sponsorships of Britain's Pride festivals, threatening key funding for events this summer. Three quarters of more than 100 Pride organizers have seen a decline in corporate partnerships this year and a quarter of them have seen funding from sponsorships drop over 50%, according to exclusive data from the UK Pride Organisers Network (UKPON). That's hit smaller parades particularly hard, with several canceling events that were planned for Pride Month, which is celebrated globally each June in memory of the Stonewall protests.
Al Bawaba
a day ago
- Business
- Al Bawaba
How to manage FX exposure around the world?
Companies that operate in several countries often have to convert into different currencies, which exposes them to currency risks, which if not addressed properly can become a significant problem. Foreign exchange markets are dynamic and they are sensitive to global developments such as geopolitics, wars, trade wars, and many more which makes it difficult to predict which currency will gain the upper hand. This is why companies need to have specific knowledge of these risks and strategies to mitigate Forex exposure risks effectively. Let's briefly review the main methods to manage FX exposure and analyze the best-known cases when companies effectively manage those risks. FX exposure types Forex is a popular market where trillions of dollars are traded daily, making it important to understand its dynamics. Both investors and traders should know how to protect against FX risks to reduce the chances of losses. There are several types of Forex exposure such as transaction, translation, and economics. Transaction risks happen when companies enter into foreign currency payables or receivables and become exposed to exchange rate risk and losses. Corporations hedge these risks using forward contracts, futures, and swaps which allow them to lock in rates or invoices in their home currency to transfer risk. Translation exposure also known as accounting exposure is when financial statements of foreign subsidiaries are converted into the parent company's reporting currency. This can potentially cause reported asset and liability values to change because of exchange rate fluctuations. While it does not create a cash flow risk, it still presents challenges for companies. The economic exposure also referred to as operating exposure simply reflects the impact of these rate changes on the firm's future cash flows and ultimately competitive position. This type of exposure is more difficult to calculate as it has a long-term effect on market value. To mitigate operating risks, companies should employ hedging strategies, including hedges and options. How to manage FX risks - best practices Managing FX risks is an important aspect of operating multinational businesses. Companies usually have a board-approved FX policy which includes a list of authorized instruments, hedge ratios, and reporting standards. This makes risk management very structured and effective. Corporate hedging often includes senior management oversight and periodic policy reviews, to ensure both strategic objectives and regulatory requirements are met. Corporations typically have dedicated risk management teams that execute hedges, and set counterparty limits. Business units provide transactional forecasts and operational insights. How to identify and measure the exposure To execute hedge and other FX risk management strategies, companies first need to identify and measure the exact exposure type and forecast impact. Real-time data, scenario modeling, and value-at-risk metrics help companies identify and quantify exact exposures across currencies. Effective measurement is concluded using unified dashboards that offer the ability to get all needed information and run what-if scenarios, analyzing currency movement's impact on projected cash flows. Hedging strategies After defining the types of risk and possible amounts and currencies involved it is time to mitigate those risks using various well-tested strategies. There are several methods available to ensure currency risks are minimized on the company's cash flow and financial statements. Natural hedges Natural hedging tries to marry foreign revenue with local costs. Basically, it sources inputs in the same currency as sales which reduces the need for financial instruments. This can be a very effective technique to mitigate some of the FX exposure risks. Forward and futures contracts Forward and futures contracts are powerful instruments to hedge against foreign exchange rate risks. These contracts allow participants to lock in future rates of exchange between involved currencies. This can be super important when dealing with an uncertain future where the forecast is difficult. Using these instruments, companies can ensure that their cash flow is stable even in adverse market movements. Having access to locked rates for predetermined data provides certainty on transaction costs. Swaps Forex swaps exchange principal and interest payments in different currencies. This is super useful to manage short-term and long-term funding and exposure which is crucial for international companies. Options and structured products Options are also contracts that grant the right but not the obligation to transact at predetermined rates. They are similar to futures contracts but without obligations. By locking the rates, options offer effective downside protection with upside participation. In other words, it limits losses if the asset falls but still profits if it rises. Best operational practices Some companies have a centralized treasury which allows them to reduce transaction costs, and improve hedging consistency by netting positions internally. The decentralized model, on the other hand, offers local autonomy and quicker decision-making. Many companies employ a hybrid structure to get the benefits from both models. Managing large capital is not easy and many transnational companies have integrated treasury management systems (TMS) to automate deal capture, confirmation, accounting, and generate real-time analysis. These systems can reduce operational risks and provide efficiency, but companies still need to check and monitor their automated systems to eliminate bugs and other errors. Another practical method is to diversify banking and non-bank counterparties to limit concentration risks. By establishing credit lines and netting agreements, companies ensure counterparty exposure remains within the threshold that was approved by management. Case studies - Success stories to learn from There are many cases where companies that operate in many different countries employed FX exposure risk management effectively and avoided losses. Apple's treasury hedges most of its projected foreign-currency cash flows. It uses a blend of forward contracts and options to stabilize earnings and reduce financial risks of FX exposure. Airbus typically manages long-term hedge portfolios with a maturity of several yours, which helps it cover net USD sales. It also employs natural hedges to smooth profitability from large commercial aircraft contracts. In 2022, Coca-Cola HBC responded to the strong US dollar by calibrating its derivative positions. It shifted hedge notions and maturity profiles to mitigate currency risks and preserve a stable cash flow. Starbucks Corp. Starbucks has 'price-to-be-fixed' contracts and Forex forwards to mitigate currency volatility costs in coffee bean purchases. This enables it to have stable expenses despite commodity price surges. Starbucks is an interesting case, as it directly employs these contracts to lock in future price rates and ensure profitability even if the prices surge for beans.
Independent Singapore
2 days ago
- Business
- Independent Singapore
Singaporean asks which jobs in SG are at risk of disappearing due to AI; netizens paint a stark future for most office jobs
SINGAPORE: On Reddit over the weekend, a user on the platform asked others what local jobs they believe are most at risk of disappearing due to artificial intelligence (AI). In a post on r/askSingapore on Saturday (May 31), u/Top-North-6053 wrote, ' With how fast AI tools like ChatGPT, Gemini, Deepseek are evolving, I'm curious to hear what others think will be jobs being made redundant in the near future.' The post author further asked if other Reddit users have already witnessed this in their workplace or industry. A commenter expressed that while they don't necessarily expect jobs to disappear, they wrote that the 'headcount for almost any office job would easily shrink in the near future (actually already happening).' They also added: 'It's not because AI is truly replacing humans but because corporations think they can.' Another also thinks that major changes are coming in the next decade, with companies expected to 'cut junior staff aggressively because AI can do it 'good enough'.' See also Soh Rui Yong says SG football needs Chinese players They find this to be problematic for two reasons. First, 'AI iterates but it doesn't innovate,' which would cause progress to stall. Additionally, it would prevent junior employees from gaining the exposure, experience, and knowledge they need. 'When (1) eventually gets out of hand and you need human intervention, you can't find humans capable enough because of (2),' the commenter added. To this, another replied that they 'wish companies would train people how to use AI instead of trying to replace them. I have a similar fear that fewer juniors will join a company, while the remaining seniors have to manage an AI's slop on top of their own work.' However, a commenter answered, 'Properly run companies already understand this. AI is being used to enable existing workers, not replace them. I personally know of people at work who use Copilot to speed up their coding, and another who trained an LLM on 300-page technical documents to make it easier to find information. What AI doesn't do, however, is write code or generate the document independently. The only people buying into the 'AI will replace all workers' grift are the tech bros contributing to the bubble and the fear mongerers who don't want to change with the times.' One predicted, 'Most finance banking jobs will be displaced or significantly reduced. Major wage deflation on the way.' When another said that HR would be the easiest industry to be replaced by AI, a Reddit user said that IBM is already doing this. 'HR (is) definitely the easiest function to replace. Can't think of a single domain within HR that will be safe,' they added. Additionally, when a commenter who stated they were tired suggested that more task-based nursing jobs could be replaced with AI or robotics, they acknowledged that they know this is unlikely. 'Yeah, the parts needing interaction with humans will be the most AI resistant IMO,' another agreed. /TISG Read also: Concerns over Artificial Intelligence in recruitment grow among HR professionals in Singapore
CBC
7 days ago
- Business
- CBC
Her job interview was with an AI bot. It was odd
A Canadian jobseeker describes her strange experience being interviewed by an AI bot, something that's becoming more common as corporations turn to AI to find workers. Advocates say AI frees people up from tedious tasks, but critics worry about layoffs, especially in HR jobs.
Yahoo
26-05-2025
- Business
- Yahoo
Green Energy Market Trends, Growth Drivers and Regional Analysis
Global Green Energy Market Overview (2025–2034) Luton, Bedfordshire, United Kingdom, May 26, 2025 (GLOBE NEWSWIRE) -- The green energy market encompasses renewable energy sources such as solar, wind, hydroelectric, geothermal, and biomass. Driven by the imperative to reduce greenhouse gas emissions and transition towards sustainable energy systems, the market has witnessed significant growth and investment. Get a Sample PDF Brochure: Market Size and Growth Projections Market Size in 2024: The global green energy market was valued at approximately $1.5 trillion in 2024. Projected Market Size by 2034: The market is expected to reach around $4.5 trillion by 2034, growing at a compound annual growth rate (CAGR) of 8.2% from 2025 to 2034. Alternative Projections: Other estimates suggest the market could grow to USD 2.41 trillion by 2032, with a CAGR of 8.7%. Key Drivers of Growth Government Policies and Incentives: Countries worldwide are implementing policies that promote renewable energy adoption, such as tax credits, subsidies, and renewable energy mandates. Technological Advancements: Innovations in energy storage, smart grids, and renewable energy technologies have enhanced efficiency and reduced costs. Corporate Sustainability Initiatives: An increasing number of corporations are committing to net-zero emissions targets, driving demand for renewable energy. Public Awareness and Demand: Growing environmental consciousness among consumers is influencing the shift towards green energy solutions. Market Segmentation and AnalysisBy Energy Source Energy Source Market Share (%) Key Highlights Solar Energy 31% Dominant segment; rapid cost reductions and scalability. Wind Energy 25% Significant growth in offshore wind projects. Hydropower 18% Established technology; challenges include environmental and social impacts. Bioenergy 15% Utilizes organic materials; includes biofuels and biomass. Geothermal 11% Provides consistent baseload power; limited by geographic location. By End-User Application Application Market Share (%) Key Insights Industrial 62% High energy consumption; significant shift towards renewable sources. Residential 20% Growth in rooftop solar installations and home energy storage solutions. Commercial 18% Adoption of green building standards and energy-efficient systems. Regional InsightsNorth America Market Size: The U.S. green energy market is projected to grow at a CAGR exceeding 9.3% from 2024 to 2032. Key Developments: The Inflation Reduction Act (IRA) has spurred investments in solar, wind, and battery storage projects. China Market Size: China is set to invest nearly USD 680 billion in clean energy in 2024, supported by its large domestic market and rapid growth in solar cells, lithium battery production, and EV manufacturing. Key Developments: China continues to lead in the deployment of renewable energy technologies, particularly in solar and wind sectors. India Market Size: India's renewable energy capacity has tripled from 75.52 GW in 2014 to 232 GW in 2025, with an aim to reach 500 GW by 2030. Key Developments: Significant investments in solar and wind energy projects, along with supportive government policies. Europe Market Size: The European Union spends USD 370 billion on clean energy today. Key Developments: Countries like Germany and Spain are leading in offshore wind and solar energy installations. Browse full Report - Technological Innovations Energy Storage Solutions: Advancements in battery technologies, such as lithium-ion and solid-state batteries, are enhancing the storage capacity and reliability of renewable energy systems. Smart Grids: The integration of smart grid technologies allows for efficient distribution and management of renewable energy, improving grid stability and reducing energy losses. Floating Solar Panels: Deployment of solar panels on water bodies is gaining traction, especially in regions with limited land availability. Green Hydrogen: Production of hydrogen using renewable energy sources is emerging as a clean alternative for industrial applications and transportation. Investment Trends Global Investment: In 2024, global investments in energy transition reached USD 2.1 trillion, with China dominating the investment landscape. Energy Storage: Investments in energy storage technologies rose by 36%, indicating a growing emphasis on enhancing grid flexibility and reliability. Emerging Technologies: Sectors like carbon capture and storage (CCS) and hydrogen saw significant declines in investment, highlighting the need for government support for emerging technologies. Challenges and Barriers Infrastructure Costs: High capital expenditures for renewable energy projects and grid upgrades pose financial challenges, particularly in developing economies. Intermittency Issues: The variable nature of solar and wind energy generation requires reliable energy storage solutions and backup systems. Policy Uncertainty: Changes in government policies and subsidies can impact the financial viability of renewable energy projects. Supply Chain Constraints: Global supply chain disruptions can affect the availability and cost of renewable energy technologies. Buy Now : Key Players in the Green Energy Market No. Company Name Sector Focus Headquarters 1 NextEra Energy, Inc. Solar, Wind, Battery Storage United States 2 Iberdrola S.A. Wind, Hydro, Solar Spain 3 Enel Green Power S.p.A. Wind, Solar, Geothermal Italy 4 Ørsted A/S Offshore Wind, Onshore Wind Denmark 5 Vestas Wind Systems A/S Wind Turbines Denmark 6 Siemens Gamesa Renewable Energy Wind Power Spain 7 First Solar, Inc. Solar Photovoltaic Modules United States 8 SunPower Corporation Residential and Commercial Solar United States 9 Canadian Solar Inc. Solar Panels, Storage Solutions Canada 10 JinkoSolar Holding Co., Ltd. Solar Modules, Clean Energy China 11 LONGi Green Energy Technology Solar Modules, Silicon Wafers China 12 Trina Solar Limited PV Modules, Smart Energy Solutions China 13 Brookfield Renewable Partners Hydro, Wind, Solar Canada 14 Engie SA Hydro, Wind, Solar, Geothermal France 15 EDF Renewables Wind, Solar, Storage France 16 General Electric (GE Renewable) Wind Turbines United States 17 ACCIONA Energía Wind, Solar, Hydropower Spain 18 ReNew Energy Global PLC Wind, Solar India 19 Pattern Energy Group Inc. Wind, Solar United States 20 Invenergy LLC Wind, Solar, Natural Gas, Storage United States Recent Developments: 1. NextEra Energy: Emphasis on Digitalization and Asset Management In Q2 2024, NextEra Energy increased its patent filings by 2.49%, focusing primarily on digitalization and asset management technologies. Approximately 75% of these filings were made in the United States, indicating a strategic emphasis on enhancing operational efficiencies and integrating advanced digital solutions into their energy infrastructure. 2. Iberdrola: Strategic Investments in the UK and Brazil UK Grid Expansion: Iberdrola secured a £600 million loan from the UK's National Wealth Fund to upgrade the British power grid. This investment aims to enhance the connection between remote wind farms and areas with higher electricity demand, supporting the UK's goal of decarbonizing its electricity system by 2030. Brazilian Green Hydrogen Initiatives: Through its subsidiary Neoenergia, Iberdrola is advancing green hydrogen projects in Brazil, with investments exceeding R$500 million. These initiatives align with Brazil's regulatory framework to promote low-carbon hydrogen production. 3. Enel Green Power: Global Renewable Energy Expansion South Africa's Impofu Wind Complex: Enel Green Power commenced construction of the Impofu Wind Power Farms Complex in South Africa, expected to generate 330 MW upon completion in 2026. European Projects: In Europe, Enel Green Power initiated operations at an 87 MW photovoltaic plant in Trino, Italy, and activated Europe's largest vanadium redox flow battery at the Son Orlandis solar PV plant in Mallorca, enhancing energy storage capabilities. 4. Ørsted: Positive Developments in U.S. Offshore Wind Projects Ørsted experienced a 15% surge in its share price following the U.S. administration's decision to lift a stop-work order on Equinor's Empire Wind project in New York. This development alleviated investor concerns regarding regulatory hurdles affecting Ørsted's U.S. offshore wind projects, including Revolution Wind and Sunrise Wind. 5. Siemens Gamesa: Restructuring and Offshore Capacity Expansion Siemens Gamesa is undergoing a comprehensive restructuring to achieve break-even by 2026. The company is focusing on ramping up production capacities in its offshore business, with expansions at facilities in Cuxhaven (Germany), Aalborg (Denmark), and Le Havre (France). Additionally, Siemens Gamesa is implementing a new organizational model to streamline operations and reduce hierarchical levels. 6. Iberdrola: Innovation and Community Engagement in Mexico Iberdrola México invested over €403 million in research and development in 2024, emphasizing renewable energies, intelligent maintenance, and digital networks. The company is utilizing technologies such as artificial intelligence, drones, and virtual reality to optimize processes and enhance safety. Furthermore, Iberdrola México is promoting educational programs like Impulso STEM to encourage scientific careers among women and supporting social entrepreneurship through initiatives like Síkuli. This report is also available in the following languages : Japanese (グリーンエネルギー市場), Korean (녹색 에너지 시장), Chinese (绿色能源市场), French (Marché de l'énergie verte), German (Markt für grüne Energie), and Italian (Mercato dell'energia verde), etc. Get a Sample PDF Brochure: More Related Reports: Next Generation Batteries Market The global next-generation batteries market is valued at approximately $9.2 billion in 2024, with projections indicating a significant rise to around $28.7 billion by 2034. This growth reflects a robust Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period from 2025 to 2034. Flexible DC Support Capacitor for Flexible DC Transmission Market The flexible DC support capacitor market is valued at approximately $1.2 billion in 2024, with projections suggesting a growth to around $3.5 billion by 2034. This growth represents a robust Compound Annual Growth Rate (CAGR) of 11.4% over the forecast period from 2025 to 2034. X-ray Inspection Systems for Food Foreign Object Detection Market The global market for X-ray inspection systems for food foreign object detection is poised for substantial growth, with a current market value of approximately $600 million in 2024. This sector is projected to reach around $1.1 billion by 2034, driven by increasing food safety regulations and growing consumer awareness regarding product quality. The Compound Annual Growth Rate (CAGR) for the forecast period of 2025–2034 is estimated to be 6.3%. EV Li-ion Battery Market The electric vehicle (EV) lithium-ion battery market is poised for significant growth, with a current market value estimated at approximately $45 billion in 2024. This sector is projected to reach around $110 billion by 2034, driven by increasing demand for electric vehicles and advancements in battery technology. The CAGR for this period is forecasted at 9.1%, reflecting robust expansion amidst rising environmental concerns and a global push towards sustainable transport solutions. High Voltage Direct Current Electric Power Transmission System Market The global High Voltage Direct Current (HVDC) electric power transmission system market is valued at approximately $11 billion. This market is poised for significant growth, with projections estimating a market value of around $23 billion by 2034. This growth corresponds to a robust Compound Annual Growth Rate (CAGR) of 8.4% from 2025 to 2034. Lithium Battery Test Chamber Market The lithium battery test chamber market is anticipated to reach a value of approximately $420 million in 2024. The market is projected to grow at a CAGR of 8.5% from 2025 to 2034, potentially reaching around $1.05 billion by the end of the forecast period. Current trends highlight an increasing demand for battery safety testing, driven by the surge in electric vehicle (EV) production and renewable energy storage solutions. Governments' stringent regulations concerning battery safety and performance standards further fuel this demand. Containerized ESS Energy Storage System Market The global market for containerized Energy Storage Systems (ESS) is poised for significant growth, with a current estimated value of approximately $1.5 billion in 2024. Projections indicate that this market could reach around $4.8 billion by 2034, driven by increasing demand for renewable energy sources and grid stability solutions. The Compound Annual Growth Rate (CAGR) for this period is calculated at around 12%. New Energy Vehicle Traction Motor Core Market The global market for new energy vehicle (NEV) traction motor cores is valued at approximately $8 billion in 2024 and is projected to reach around $16 billion by 2034, reflecting robust growth driven by the ongoing electrification of the automotive sector. The estimated Compound Annual Growth Rate (CAGR) for this market during the forecast period from 2025 to 2034 is approximately 7.5%. Infrared Halogen Lamp Market The global infrared halogen lamp market is valued at approximately $1.2 billion in 2024, with a projected market value of $2.0 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of about 6.1% during the forecast period from 2025 to 2034. Lithium Battery Nickel Plated Steel Strips Market The global market for lithium battery nickel plated steel strips is valued at approximately $1.2 billion in 2024, driven by the rising demand for electric vehicles (EVs) and energy storage systems. As the push for renewable energy and sustainable transport accelerates, the market is projected to reach around $2.6 billion by 2034, reflecting significant growth opportunities. Industrial Power Inverter Market The global industrial power inverter market is valued at approximately $12 billion in 2024, with projected growth driving the market to reach around $22 billion by 2034. This reflects a robust compound annual growth rate (CAGR) of 6.6% over the forecast period from 2025 to 2034. Geomechanics Software and Services Market The global geomechanics software and services market is currently valued at approximately $1.5 billion in 2024, with a projected market value of around $2.8 billion by 2034. This growth reflects a robust Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period of 2025 to 2034. Motor Shaft for New Energy Vehicles Market The global motor shaft market for new energy vehicles (NEVs) is valued at approximately $3.4 billion in 2024. With an increasing push for electric vehicles (EVs) and sustainable transportation solutions, the market is projected to reach around $6.5 billion by 2034, representing a CAGR of 6.8% over the forecast period from 2025 to 2034. Industrial Plant Management Solution Market The global industrial plant management solution market is valued at approximately USD 19 billion in 2024, with expectations to surge to USD 35 billion by 2034. This growth indicates a robust Compound Annual Growth Rate (CAGR) of about 6.5% during the forecast period from 2025 to 2034. Nanocrystalline Ribbons Market The global nanocrystalline ribbons market is projected to reach a value of approximately $1.2 billion in 2024, driven by increasing demand in the electronics and renewable energy sectors. The market is expected to grow significantly, with a projected value of around $2.2 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 6.5% from 2025 to 2034. Nano Copper Powders Market The global nano copper powders market is projected to reach approximately USD 3.5 billion in 2024, driven by increasing demand across electronics, energy storage, and healthcare sectors. The market is anticipated to expand significantly, with a forecasted value of around USD 6.1 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 6.0% during the period from 2025 to 2034. Gas Turbine and Steam Turbine and Compressors Market The global gas turbine, steam turbine, and compressor market is valued at approximately $190 billion in 2024. It is projected to grow significantly, reaching around $300 billion by 2034, representing a Compound Annual Growth Rate (CAGR) of about 4.6% during the forecast period from 2025 to 2034. Metal-air Battery Market The global metal-air battery market is valued at approximately $1.2 billion in 2024, driven by increasing demand for energy-efficient solutions and advancements in battery technology. The market is projected to reach around $4.5 billion by 2034, showcasing a robust Compound Annual Growth Rate (CAGR) of 14% during the forecast period from 2025 to 2034. Power Battery Cooling System Market The global power battery cooling system market is valued at approximately $4 billion in 2024, with projections indicating it could reach around $10 billion by 2034. This significant growth reflects a compound annual growth rate (CAGR) of about 9% from 2025 to 2034. CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ 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
