Though hated, they often provide a valuable service to the economy Show more
Quick Glance: Do McKinsey and other consultants provide any value?
- Since 2010, the total revenue of the big three firms has tripled to around $30 billion; the trio now employs around 70,000 people.
- When businesses or governments make decisions, it can be beneficial to include rigorous analysis.
- When executives want to make contentious decisions, such as firing employees or dissolving a company, a consultant's support can boost their credibility.
- Individual firms' expenditures on consultants frequently exceed this figure, amounting to tens of millions of dollars per year, and should be made public as well.
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| Last Updated | Jan 12 23 |
| Total Articles | 13 |
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Pantone’s 2025 color of the year is a delicious flavor of brown: The milk chocolaty color evokes the comfort of coffee, but will mix with just about anything.
fastcompany.com/91240407/pantones-2025-color-of-the-year-mocha-mousse-brown
Quick Glance: Pantone 2025 Color of the Year: 'Mocha Mousse'
- Pantone has announced 'Mocha Mousse' as the 2025 Color of the Year, embodying elegance and earthy refinement.
- This chocolatey hue continues the food-themed trend started with 2024's 'Peach Fuzz', aiming to inspire calmness and comfort.
- Mocha Mousse is also reflected in fashion, as brown overtakes black as the preferred neutral for upcoming collections.
- Pantone will celebrate the color with an international tour, starting in London and visiting cities like New York, Shanghai, and Mumbai.
Trump names David Sacks as White House AI and Crypto Czar : Trump announced the appointment of David Sacks, a venture investor from craft ventures to the newly ...
wionews.com/business-economy/trump-names-david-sacks-as-white-house-ai-and-crypto-czar-781933
Quick Glance: Trump Appoints David Sacks as AI and Crypto Czar
- David Sacks, former COO of PayPal, is appointed as the 'White House A.I. & Crypto Czar.'
- He will create a legal framework for the crypto industry and reshape U.S. digital currency policy.
- Sacks is expected to advocate for light regulation, focusing on AI application rather than model development.
- With Bitcoin surpassing $100,000, this appointment is viewed positively within the crypto sector.
Phone financiers hit big as borrowers bypass security locks to evade payment: Kenya’s asset financing market has significantly reshaped access to essential tools ...
standardmedia.co.ke/business/business/article/2001507606/phone-financiers-hit-big-as-borrowers-bypass-security-locks-to-evade-payment
Bitcoin at 100,000 dollars: Hold or sell?: A Bitcoin is worth as much as a luxury car. Nevertheless, our author will not sell his Bitcoin investment ...
sueddeutsche.de/wirtschaft/bitcoin-dollar-geldanlage-li.3158932
Fed’s Powell downplays tension with the incoming Trump administration : The new Trump administration may cause friction, but Federal Reserve Chair Jerome Powell ...
wionews.com/business-economy/feds-powell-downplays-tension-with-the-incoming-trump-administration-781645
Quick Glance: Powell Confident in Fed's Independence Amid Trump
- Federal Reserve Chair Jerome Powell stated on December 4 that he is not concerned about potential politicization of the Fed under President Trump.
- He highlighted existing legislative safeguards that protect the Fed's independence, allowing it to make decisions for the benefit of all Americans.
- Powell did not provide specific insights on interest rates but noted the strength of the U.S. economy, which allows the Fed to be patient.
- He expressed confidence that there is broad bipartisan support in Congress for maintaining the Fed's independence from political influence.
Why we must expand infrastructure for the energy transition: To enable the energy transition, regulators and developers must proactively plan and invest in ...
weforum.org/stories/2024/12/fit-for-future-building-energy-infrastructure-ahead-to-drive-the-energy-transition/
Earthquake strikes California, tsunami warning issued: A magnitude 7 earthquake hit off the northern California coast on Thursday, prompting a tsunami warning ...
english.alarabiya.net/News/united-states/2024/12/05/magnitude-6-6-earthquake-strikes-california-usgs-says
A Trumpian Policy for Africa: What the Continent Stands to Gain From a Transactional White House
foreignaffairs.com/africa/trumpian-policy-africa
First drive with the brand new Audi A6 e-tron as Avant and Sportback: The first all-electric Avant - it must be an Audi. And it is. The new Audi A6 e-tron debuts ...
donaukurier.de/lokales/ingolstadt/erste-ausfahrt-mit-dem-brandneuen-audi-a6-e-tron-als-avant-und-sportback-17545532
Intel CEO Pat Gelsinger forced out in surprise move: The departure of Gelsinger, whose career spanned more than 40 years, underscores the turmoil at Intel.
aljazeera.com/economy/2024/12/2/intel-ceo-pat-gelsinger-forced-out-in-surprise-move
Quick Glance: Intel CEO Pat Gelsinger Exits Amidst Company Turmoil
- Pat Gelsinger has unexpectedly resigned as CEO of Intel after less than four years, following the board's assessment that his turnaround strategy was ineffective.
- He opted to step down when given the choice to retire or be removed, as the company seeks a permanent replacement.
- Intel has faced significant financial challenges, posting a $16.6 billion loss in the last quarter under his leadership.
- David Zinsner and Michelle Johnston Holthaus will serve as interim co-CEOs, with Frank Yeary stepping in as interim executive chair.
Celsius founder Alex Mashinsky pleads guilty to two fraud counts: Mashinsky was one of several crypto moguls charged with fraud after a slump in prices in 2022 ...
aljazeera.com/news/2024/12/3/celsius-founder-alex-mashinsky-pleads-guilty-to-two-fraud-counts
Musk’s $101bn Tesla pay package again rejected by US judge: Judge says Tesla’s ‘unprecedented theories’ do not support argument to reverse previous ruling ...
aljazeera.com/economy/2024/12/3/musks-fifty-five-point-eight-bn-tesla-pay-package-rejected-by-us-judge
Quick Glance: Musk's $50 Billion Pay Package Denied Again
- A judge has once again rejected Elon Musk's $50 billion compensation package at Tesla, marking a win for the opposing shareholder.
- The Delaware Court of Chancery ruled that there were no procedural grounds to overturn the previous decision that invalidated the pay package in January.
- Musk countered allegations of undue influence over the board while Tornetta's attorneys praised the judge's ruling.
- Tesla plans to appeal the decision, asserting that shareholders, not judges, should control company votes.
Cyber Monday beats Black Friday once again: Consumers spent a record-breaking $13.3 billion on Monday
qz.com/cyber-monday-sales-beat-black-friday-adobe-retail-1851712180
USA: Trump threatens BRICS countries with "100 percent tariffs" if they turn away from the dollar
handelsblatt.com/politik/international/usa-trump-droht-brics-staaten-bei-abkehr-vom-dollar-mit-100-prozent-zoll/100091837.html
Russia races ahead of NATO in weapons production for Ukraine war: SIPRI: A new SIPRI study lays bare how NATO is unable to turn spending power into firepower in ...
aljazeera.com/news/2024/12/2/russia-races-ahead-of-nato-in-weapons-production-for-ukraine-war-sipri
Climate shocks and the economy: Reserve Bank on its role in bringing stability: Central banks, as the custodians of stable financial systems and stable prices ...
timeslive.co.za/news/south-africa/2024-12-06-climate-shocks-and-the-economy-reserve-bank-on-its-role-in-bringing-stability/
You should have come earlier to Africa, Biden told: After promising to visit Africa two years ago at the U.S. Africa summit , Biden makes his first presidential ...
standardmedia.co.ke/africa/article/2001507450/you-should-have-come-earlier-to-africa-biden-told
South Africa’s rural population ‘left behind’ as provinces underperform: Health, education and economic disparities are driving migration to urban hubs such as ...
mg.co.za/news/2024-12-01-south-africas-rural-population-left-behind-as-provinces-underperform/
South Africa: Spaza Shop Registration Raises Concerns - South African News Briefs - December 06, 2024
allafrica.com/stories/202412060082.html
t.me 8h
War of GDP size: Nigeria returns to the battlefield: Investors want to see policy regulations that open up opportunities in critical sectors ...
punchng.com/war-of-gdp-size-nigeria-returns-to-the-battlefield/
After the Bell: The great R-currency rumble: The dominance of the dollar is unlikely to be undermined soon. However, a generation from now ...
dailymaverick.co.za/article/2024-12-02-after-the-bell-the-great-r-currency-rumble/
South Africa: Human Rights Groups Launch Fundraiser for Stilfontein Miners: Human rights activists, in collaboration with families and supported by Action Aid ...
allafrica.com/stories/202412050706.html
African countries applaud China's zero-tariff treatment for least developed countries
standardmedia.co.ke/africa/article/2001507390/african-countries-applaud-chinas-zero-tariff-treatment-for-least-developed-countries
South Africa Needs to Fix Economic Growth, Stop Excuses, Business Group Says: South Africa needs to stop finding excuses for its underperforming economy and ...
bloomberg.com/news/articles/2024-12-05/business-body-urges-south-africa-to-stop-the-excuses-fix-growth
Paid articlePaywall
Transport minister urges road users to change behaviour to end carnage on roads this festive season
timeslive.co.za/news/south-africa/2024-12-01-transport-minister-urges-road-users-to-change-behaviour-to-end-carnage-on-roads-this-festive-season/
South Africa is The World's Largest Exporter of Live Tigers: South Africa is the world's largest exporter of live tigers and their parts despite not having ...
allafrica.com/stories/202412050130.html
McKinsey, Accenture, BCG and others: Lufthansa throws out consultants: Lufthansa is in crisis and wants to make major savings. Because many external consultants ...
spiegel.de/wirtschaft/lufthansa-berater-von-mckinsey-bcg-und-anderen-sollen-rausgeworfen-werden-a-c97acd0b-668d-4175-a304-1bcf49659a46
Paid articlePaywall South African Airways Pilots to Protest Over Pay - South African News Briefs - December 05, 2024
allafrica.com/stories/202412050077.html
Powering up the Global South: On Nov 13 to 15, 2024, I had the privilege of joining more than 100 international think tanks at the Second Global South Think ...
thestar.com.my/business/insight/2024/12/05/powering-up-the-global-south
Policies to grow SA informal economy moving at snail’s pace: Despite the country’s informal economy being valued at R40bn in 2020, SA has been slow in ...
timeslive.co.za/sunday-times/business/business/2024-12-01-policies-to-grow-sa-informal-economy-moving-at-snails-pace/
Paid articlePaywall
Best photos of December 4: Unrest in South Korea to flooding in Malaysia: The National picks the most striking images from around the world
thenationalnews.com/news/2024/12/04/best-photos-of-december-4-unrest-in-south-korea-to-flooding-in-malaysia/
‘Priority No 1: fixing procurement’: Head of Busa says corruption has hollowed the system with dire results for the economy and society
timeslive.co.za/sunday-times/business/business/2024-12-01-priority-no-1-fixing-procurement/
Paid articlePaywall South Africa, Nigeria Forge Stronger Economic and Tourism Ties: Nigeria and South Africa reaffirmed their commitment to deepening long-standing ties during the ...
allafrica.com/view/group/main/main/id/00091213.html
Ramaphosa's Controversial Cabinet Shake-Up Sparks Backlash: In a surprise move, President Cyril Ramaphosa has reshuffled his Cabinet, resulting in four changes ...
allafrica.com/view/group/main/main/id/00091217.html
Nigeria: South Africa and Nigeria Strengthen Ties: South Africa and Nigeria have reaffirmed their commitment to deepening their long-standing ties during the ...
allafrica.com/stories/202412040130.html
South Africa Relaxes Visa Rules for Nigerian Tourists, Business Persons: "Qualifying Nigerian business people can be granted a five-year multiple entry visa ...
allafrica.com/stories/202412040091.html
Netumbo Nandi-Ndaitwah Becomes Namibia's First Woman President: Netumbo Nandi-Ndaitwah has been elected Namibia's fifth president, making history as the ...
allafrica.com/view/group/main/main/id/00091212.html
South Africa: Trapped Illegal Miners Request Beef and Porridge - South African News Briefs - December 04, 2024
allafrica.com/stories/202412040070.html
South Africa: Why South Africa's Prisons Are Overcrowded: Our prisons have about 105,000 beds but there are over 156,000 prisoners
allafrica.com/stories/202412040008.html
Call for Applications to Mastercard Foundation EdTech Fellowships: Major technology and innovation hubs in Kenya, Nigeria, Ghana and South Africa--in partnership ...
allafrica.com/view/group/main/main/id/00091211.html
If multilateralism is dead, how will humanity save the world?: Multilateralism has rarely looked this miserably defunct, and never in post-war history has there ...
dailymaverick.co.za/opinionista/2024-12-03-if-multilateralism-is-dead-how-will-humanity-save-the-world/
South Africa: Nigeria Seeks South Africa's Backing for G20, BRICS Membership: South Africa officially assumed the presidency of the Group of 20 ...
allafrica.com/stories/202412030103.html
South African GDP Data Shows Shock Contraction on Farm Output: South Africa’s economy unexpectedly contracted in the third quarter, after a slump in output in ...
bloomberg.com/news/articles/2024-12-03/south-african-gdp-data-shows-shock-contraction-on-farm-output
Paid articlePaywall Africa: Biden's Angola Trip To Focus On 'Narrowing Infrastructure Gap, Economic Partnership'
allafrica.com/stories/202412020525.html
Angola: Biden's Trip to Angola Throws Spotlight On Luanda's Multipolar Foreign Policy
allafrica.com/stories/202411300162.html
Japan food prices to rise in December, with more hikes expected in 2025 - The Mainichi
mainichi.jp/english/articles/20241130/p2a/00m/0bu/003000c
SAA to R32.6bn to the economy by 2029-30, study says: The national carrier emerged from business rescue in 2021 and reported its first profit in more than a ...
mg.co.za/business/2024-11-28-saa-to-r32-6bn-to-the-economy-by-2029-30-study-says/
Quick Glance: SAA Boosts Economic Contribution by 2029-30
- SAA is projected to contribute R32.6 billion to the local economy by 2029-30.
- The airline plans to expand operations by launching new domestic and international routes.
- The study forecasts SAA will support 25,200 jobs in 2023-24, increasing to 86,700 by 2029-30.
- SAA reported a net profit of R252 million for the 2022-23 financial year and remains debt-free since exiting business rescue.
Traditional Ingolstadt company MT Technologies: operations continue, buyer being sought
donaukurier.de/nachrichten/wirtschaft/mt-technologies-betrieb-laeuft-weiter-kaeufer-wird-gesucht-17520473
Australia passes legislation banning under-16s from social media: Social media companies that do not enforce the ban could receive fines of up to AUS$50 million ...
aljazeera.com/news/2024/11/28/australia-passes-legislation-banning-under-16s-from-social-media
Russia’s economy will need to adapt to new US sanctions: Minister: The Russian rouble will strengthen when temporary speculative factors and market nervousness ...
english.alarabiya.net/News/world/2024/11/29/russia-s-economy-will-need-to-adapt-to-new-us-sanctions-minister
The path to ‘Made in India’: Industrialisation is within the country’s reach, but government has got to get out of the way first
ft.com/content/1acd08b1-7e78-477f-8bca-412037a2db6e
Trump's tariff threats jeopardize avocados, tequila and other iconic Mexican products
pbs.org/newshour/economy/trumps-tariff-threats-jeopardize-avocados-tequila-and-other-iconic-mexican-products
Quick Glance: Trump's Tariff Threats Risk Mexican Economic Stability
- Donald Trump's threat of 25% tariffs raises concerns in Mexico about the impact on iconic products like avocados and tequila.
- Avocado producers fear that rising prices may reduce demand in the U.S., especially during the Super Bowl season.
- A decline in tequila consumption in the U.S. could significantly affect the American hospitality industry, while Mexico's economy would suffer under the tariffs.
- The Mexican government warns that high tariffs on North American pickups could drastically increase consumer prices in the U.S.
Biden cautions Trump on imposing tariffs on Mexico, Canada: Joe Biden said Donald Trump's plan to impose a 25% tariff on Mexican and Canadian imports is ...
businessinsider.com/biden-trump-tariffs-canada-mexico-white-house-2024-11
Mexico warns Trump-proposed tariffs to cost 400,000 US jobs: Mexico emphasises interconnectedness of economic ties with US – and the mutual threat of tariffs.
aljazeera.com/news/2024/11/27/mexico-warns-trump-proposed-tariffs-to-cost-400000-us-jobs
Apartheid economy continues to haunt South Africa: The recent spate of deaths across the country linked to ‘spaza shops’ exposes the enduring legacy of apartheid ...
aljazeera.com/opinions/2024/11/29/apartheid-economy-continues-to-haunt-south-africa
Russia's economy struggles to find workers as defence sector poaches staff : "Bus number seven was not running this morning," Olga Slatina wrote on social media ...
reuters.com/markets/europe/russias-labour-shortage-spreads-defence-sector-poaches-staff-2024-11-28/
Russian rouble drops to lowest level against the dollar in 32 months: Currency falls beyond 110 to the US dollar for first time since just after Ukraine invasion ...
aljazeera.com/news/2024/11/27/russian-rouble-drops-to-lowest-level-against-the-dollar-in-32-months
Quick Glance: Russian Economy Struggles as Ruble Hits Record Low
- The ruble has fallen to its lowest level against the US dollar since the invasion of Ukraine, potentially due to new US sanctions.
- Russia's central bank has decided to halt foreign currency purchases for the remainder of the year to mitigate market volatility.
- US sanctions on Gazprombank have significantly impacted the ruble, while high inflation and labor shortages continue to strain the economy.
- Economists warn of a stagflation phase as a third of the budget is allocated to the military, posing long-term economic challenges.
Traditional Ingolstadt company MT Technologies: insolvency proceedings initiated: The crisis in the automotive industry is dragging more and more suppliers into ...
donaukurier.de/nachrichten/wirtschaft/mt-technologies-insolvenzverfahren-eingeleitet-17500820
Shaking Off the Shackles of Sovereign Debt: How Creditors and Debtors Can End a Global Crisis
foreignaffairs.com/world/shaking-shackles-sovereign-debt
Trump names first administration veterans Greer, Hassett to economic posts: US president-elect taps Jamieson Greer and Kevin Hassett as trade representative and ...
aljazeera.com/economy/2024/11/27/trump-names-first-administration-veterans-greer-hassett-to-economic-posts
Quick Glance: Trump Appoints Trade Envoy Amid Tariff Threats
- Donald Trump has appointed Jamieson Greer as trade representative starting January 20, 2025.
- The announcement follows Trump's threats of new tariffs on China, Canada, and Mexico to combat illegal immigration and drug trafficking.
- Greer, an experienced trade lawyer, was instrumental in imposing tariffs on China during Trump's first term and negotiating a new trade deal with Canada and Mexico.
- Trump intends to impose 25% tariffs on imports from Mexico and Canada and an additional 10% on Chinese imports, already impacting some businesses.
MBB explained: How big 3 consultancies, McKinsey, Bain, BCG, compare: McKinsey, Bain, and BCG, referred to as MBB or the Big Three, are the most prestigious ...
businessinsider.com/mbb-explained-mckinsey-bain-bcg-compare-big-three-strategy-consultants-2024-11
US threatens tariffs on Canada and Mexico, sparking trade crisis : The United States is threatening a significant shake-up in its trade relations with Canada and ...
wionews.com/business-economy/us-threatens-tariffs-on-canada-and-mexico-sparking-trade-crisis-779608
The township economy: Will Cyril’s R500 million make a difference?: Without a transparent and participatory process, initiatives such as this risks becoming ...
mg.co.za/thought-leader/opinion/2024-11-26-the-township-economy-will-cyrils-r500-million-make-a-difference/
Transforming spaza shops from trouble into township titans: To safeguard their future, we must address regulatory gaps, ownership patterns and issues such as ...
mg.co.za/thought-leader/2024-11-28-transforming-spaza-shops-from-trouble-into-township-titans/
How Kenya emerged as leading cybercrime hotspot in Africa: Kenya ranked top in Africa in cyber-dependent crimes, ahead of Nigeria and South Africa ...
standardmedia.co.ke/national/article/2001507224/how-kenya-emerged-as-leading-cybercrime-hotspot-in-africa
Failure to implement policy contributing to illegal mining crisis: Association says the government does not ‘have the will to act’ and the solution is regulation ...
mg.co.za/the-green-guardian/2024-11-21-failure-to-implement-policy-contributing-to-illegal-mining-crisis/
South Africa: Police Foil Kidnapping Attempt in Ivory Park - South African News Briefs - November 27, 2024
allafrica.com/stories/202411270033.html
'Close them all': Calls for closure of foreign-owned spaza shops mount: The African Transformation Movement is calling for the immediate closure of all ...
timeslive.co.za/politics/2024-11-25-close-them-all-calls-for-closure-of-foreign-owned-spaza-shops-mount/
Some civil servants have fake academic qualifications – IGG: The IGG Beti Kamya says we have an economy that is run by at best, mediocres and at worst ...
monitor.co.ug/uganda/news/national/some-civil-servants-have-fake-academic-qualifications-igg-4836174
Budget, debt: Trump's Treasury chief faces urgent challenges: Budget, debt: Trump's Treasury chief faces urgent challenges - Economy - The Jakarta Post
thejakartapost.com/business/2024/11/24/budget-debt-trumps-treasury-chief-faces-urgent-challenges.html
Trump picks billionaire investor Scott Bessent as Treasury secretary: Hedge fund manager will be responsible for implementing president-elect’s pledges to cut ...
aljazeera.com/news/2024/11/23/trump-picks-billionaire-investor-scott-bessent-as-treasury-secretary
Quick Glance: Trump Nominates Bessent for Treasury Secretary
- Donald Trump has nominated Scott Bessent as US Treasury Secretary to implement campaign promises such as tax cuts and tariffs.
- Bessent, founder of Key Square Group and former CIO at Soros Fund Management, will be responsible for stabilizing the US economy.
- He will also oversee US financial sanctions policy and international financial institutions.
- Additionally, Trump announced several other nominations, including Lori Chavez-DeRemer as Secretary of Labor.
Trump promises 25% tariff on Mexico and Canada, extra 10% tariff on China: US president-elect says measures will remain until countries stamp out irregular ...
aljazeera.com/economy/2024/11/26/trump-promises-25-tariff-on-mexico-and-canada-extra-10-tariff-on-china
Business must lead the way and invest in South Africa’s economy: This is an edited version of a speech delivered by Deloitte Africa CEO Ruwayda Redfearn at the ...
timeslive.co.za/sunday-times/business/opinion/2024-11-24-business-must-lead-the-way-and-invest-in-south-africas-economy/
Paid articlePaywall On the effect of the political on consumption.: Consumers react sensitively when products are associated with political parties and their representatives - for ...
sueddeutsche.de/politik/polarisierung-jaguar-diversity-lux.PGtto3a6Q8hSLvvpqkNcaN
South Africa: Over 1,000 Spaza Shops Shut Down in National Crackdown - South African News Briefs - November...
allafrica.com/stories/202411290059.html
South Africa: Hundreds Left Homeless After Shack Fire At One of Durban's Oldest Informal Settlements
allafrica.com/stories/202411290023.html
These cities are most in demand among skilled workers: A survey has determined the most popular cities worldwide for skilled workers. Germany is losing its ...
stern.de/capital/weltweites-ranking--das-sind-die-beliebtesten-staedte-fuer-fachkraefte-35265776.html
South Africa: Will SA's New Vaping Laws Lead to More Smokers Instead of Fewer?: The jury is still out on vapes - on whether they help people to quit cigarettes ...
allafrica.com/stories/202411280100.html
US SEC chair Gensler to step down upon Trump takeover: US President-elect Donald Trump had said he would remove Gary Gensler as Securities and Exchange ...
aljazeera.com/economy/2024/11/21/us-sec-chair-gensler-to-step-down-upon-trump-takeover
Quick Glance: Gensler Exits SEC Amid Trump's Inauguration Plans
- Gary Gensler will resign as SEC chairman on January 20, coinciding with Trump's inauguration.
- This decision follows tensions over cryptocurrency regulations, with Trump indicating a more lenient approach.
- Gensler's term was set to continue until 2026, but it is customary for leaders to leave when a new administration takes over.
- Under Gensler, the SEC initiated a record 46 enforcement actions against the crypto industry, leading to significant convictions.
Only political, economic integration will drive Africa's sustainable prosperity — Museveni
newvision.co.ug/category/news/only-political-economic-integration-will-driv-NV_200388
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