Crystal Ball Not Required

Company directors owe several fiduciary duties, one of which is to act in the best interest of shareholders. But to what extent does that duty to shareholders apply in the context of the financial health of the company? The award-winning commercial and litigation lawyers at ParrisWhittaker are experienced in advising company directors on their duties,...

Supreme Court Narrows Availability of United States Discovery for International Arbitration

A unanimous Supreme Court on June 13 determined that 28 U.S.C. §1782 (“Section 1782”) does not permit United States courts to order discovery for foreign or international “private adjudicatory bodies”.  ZF Auto. US, Inc. v. Luxshare, Ltd., No. 21-401, 2022 WL 2111355, *3 (2022)(“ZF Automotive Decision”).  Rather, the Supreme...

Home to Portugal's "mountain of stars".

Home to Portugal's "mountain of stars" and some of Europe's least light-polluted skies, the Alentejo region is best seen at night.A long twisting road leads up Portugal's highest mountain, and here, unlike many other European summits, visitors can drive right to the top. The peak rises 1,993m above sea level, and although its actual name is Torre (tower),...

With Earnings Soaring, Wall Street Banks See Economic Boom Ahead

The banks said they released large chunks of money that had been set aside to cushion themselves from losses caused by the pandemic. #styln-signup .styln-signup-wrapper { max-width: calc(100% - 40px); width: 600px; margin: 20px auto; padding-bottom: 20px; border-bottom: 1px solid #e2e2e2; } The mood on Wall Street is decidedly...

How to Use Technology to Prepare for Travel During the Coronavirus Pandemic

Even as vaccines make it safer to travel, planning a trip is becoming increasingly complicated.With coronavirus vaccines now readily available, you might have ambitions to venture far from home. Government officials, after all, say traveling is a low-risk activity for the inoculated.But the sheer amount of preparation needed to travel during the pandemic...

7 Techniques To Enhance Your Marketing Email Click-Through Rate (CTR)

Do you suspect your email marketing strategy is ineffective? If your email click-through rate is disappointing, you are most likely correct. Let's face it: if your subscribers don't click your links, you'll have fewer leads and sales, which will reduce your income. That is why enticing more subscribers to click is critical. When we talk about email...

India is recording more cases of covid-19 than any other country

ON APRIL 7TH India detected more than 125,000 new cases of covid-19—more than any other country in the world. The same day neighbouring Bangladesh registered far fewer—just over 7,600—but that was nonetheless a record for the country. Pakistan, too, is suffering a surge in infections, with the president, prime minister and minister of...

Pakistan’s generals are ever more involved in running the country

BEFORE HE BECAME prime minister, Imran Khan was happy to hold forth about the role of the armed forces in Pakistan. They were so influential in politics, he told The Economist, only because civilian governments had been so ineffectual. Once in office, he said, he would change all that. Yet in early March, when his government lost an important Senate...

China tries to nick another speck in the sea from the Philippines

THE CHINESE ships that appeared around Whitsun Reef in March were unusual for fishing vessels. They seemed to do little fishing, for a start. Satellite images revealed them to be pristine and lined up with military precision. China said the ships were simply sheltering from bad weather. But the Philippine government said they belonged to China’s “maritime...

Another species harmed by climate change: Japanese poets

“HOW MANY, many things/they call to mind/these cherry blossoms!” the poet Basho once wrote of Japan’s favourite flower. The blossoms have long provoked reflections on beauty, transience and the unceasing rhythms of the natural world. This year, their annual appearance has many thinking about how those rhythms are changing. The cherry trees in...

Transforming Anti-Money Laundering and Counter-Terrorist Financing: The UK Government's Proposed New Models

In the complex and ever-evolving landscape of financial crime prevention, the UK government is poised to unveil a paradigm-shifting approach to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) measures. Jake Robson delves into the intricacies of the proposed AML/CTF models. We'll explore the context behind these changes, the key...

Manufacturing activity slipped to a 31-month low in December

December's manufacturing Purchasing Managers’ Index (PMI) fell to a 31-month low, continuing the sector's poor performance. Input shortages and a significant fall in new orders contributed to the decline in activity. With activity data for other sectors having been persistently weak, it appears likely that GDP fell again in Q4 2022. The survey...

Council forks out almost £5,000 for “offensive comments”

An employer – Rotherham Council – has been ordered to pay almost £5,000 in compensation after “offensive” comments were made to a disabled member of staff by his line manager. Gareth Matthews, Head of Employment, considers the implications of this case in more detail, particularly in light of the fact that the comments were made following a...

Independent European Firms Bounce Back in H1 League Tables

Independent law firms made a comeback in European M&A in the first half of 2022. Nine of the top 20 legal advisers on U.K. and Europe deals in the six months to the end of June were local Continental European firms, according data from Refinitiv. German firm Hengeler Mueller came second in the rankings, while Italian firms Legance Avvocati Associati,...

Elite Capital & Co.’s Rider Lucas Blintford Wins 2nd Place in Whilton Mill Championship Final

Mr. Adrian Blantford, Principal Manager, Lucas Blantford Racing Team, announced today that Lucas Blantford Sponsored by Elite Capital & Co. won second place yesterday in Whilton Mill Championship final. “Unbelievable drive at the weekend with a lot of eyes on Lucas but again showed composure beyond his age, so proud and honored to be able to call...

Somalia’s President Extends Term by Two Years, Drawing Condemnation

His four-year term expired, President Mohamed Abdullahi Mohamed signed a contentious law that critics fear could plunge the fragile country into renewed, possibly violent, turmoil.NAIROBI, Kenya — In a highly contentious move, Somalia’s president has extended his own term in office by two years, drawing condemnation from the United States and other...

Pentagon Chief Orders New Review of Attack in Kenya That Killed 3 Americans

The unusual review of the conclusions of the initial inquiry comes more than a year after the attack by the Shabab revealed security lapses at the base. #styln-signup { max-width: calc(100% - 40px); width: 600px; margin: 20px auto; border-bottom: 1px solid #e2e2e2; min-height: 50px; } #styln-signup + .live-blog-post::before...

With a New Museum, African Workers Take Control of Their Destiny

A Dutch artist worked with former plantation employees to create a “white cube” that they hope will one day display works returned from European museums.AMSTERDAM — When the Dutch artist Renzo Martens presented his film “Episode III: Enjoy Poverty” at Tate Modern in London in 2010, he couldn’t help but notice the many Unilever logos painted...

‘Everything Is Worth Freedom’: Uganda’s Opposition Leader Faces the Future

Bobi Wine, the pop star who became a presidential candidate, considers rebuilding his anti-government movement after a violent election season that left many aides and supporters imprisoned.KAMPALA, Uganda — Bobi Wine’s eyes were bloodshot from little sleep. When he spoke, his thoughts trailed off, and his sentences sometimes lacked the precision...

‘Tell Us if He’s Dead’: Abductions and Torture Rattle Uganda

Hundreds have been detained, many brutalized, after a bloody, contested election. The government of Yoweri Museveni appears intent on breaking the back of the opposition.KAMPALA, Uganda — Armed men in white minivans without license plates picked up people off the streets or from their homes.Those snatched were taken to prisons, police stations and...

Unlocking the Future: The Transformative Potential of Synthetic Data in the Financial Services Industry

In the ever-evolving landscape of the financial services industry, data reigns supreme. It is the lifeblood that drives decision-making, innovation, and competitiveness. We embark on a deep dive into the world of synthetic data and explore its transformative potential in the financial services sector. Synthetic data, often dubbed the "data of the future,"...

Mastering the Art of Post-Merger Integration: Unlocking the True Value of M&A

Mergers and acquisitions are significant events in the corporate world, often seen as a strategic avenue for growth, diversification, and increasing market share. However, the real test of an M&A transaction lies in the post-merger integration (PMI) phase. It is during this critical period that companies have the opportunity to unlock the true value...

Sources and acknowledgments

In addition to those quoted in this report, the author would also like to thank the following people: Daisuke Adachi, Abigail Adams-Prassl, Jeremias Adams-Prassl, Julian Baggini, Erik Brynjolfsson, Tyler Cowen, Richard Freeman, Peter Ganong, Linda Hynes, Niels Johannesen, Arend Kapteyn, Akira Kawamoto, Bridget Loudon, the Independent Workers’ Union...

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The decline of established American retailing threatens jobs

IT DOESN’T look like much but Staten Island Mall is optimism in a cement box. Like all such retail spaces the temperature is carefully calibrated. Bland pop music wafts down beige halls. Its biggest tenants are America’s unholy trinity of struggling retailers: Macy’s, J.C. Penney and Sears, all of which are closing stores. This mall, however,...