Global Scans · Organizations · Weekly Summary

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WHAT'S NEW?: Moves away from traditional, hierarchical, full-time structures towards a gig and shared economy continue apace. New models of virtual working and work anywhere, anytime for anybody are likely to grow dramatically in the coming years.

• Taiwan's Foxconn, Apple's biggest iPhone assembler and the world's largest contract electronics maker, expects its business in 2024 to be slightly better than last year but is facing a shortage of chips for AI servers. investing.com
• The EU's support for Timor Leste joining the World Trade Organization will help its integration into the global economy and regional architecture. TEMPO.CO
• In stark contrast, Tesla, which has been offering sharp price cuts since last year in major markets including the US and China, suffered a vehicle margin reduction last quarter and warned of slowing EV demand in 2024. Times of India
• Envisaging a Compound Annual Growth Rate of 55.1% from 2024 to 2030, the global 5G core market's momentum is underpinned by escalating demand for cutting-edge 5G technologies and the exponential growth in interconnected devices. Yahoo Finance
• Tokenization of financial and real-world assets could be the 'killer use-case' blockchain needs for a breakthrough, with tokenization expected to grow by a factor of 80 x in private markets, reaching up to US$ 4 trillion in value by 2030. Crypto Reporter
• Regulatory perspective: The Ethiopian Banking Authority Corporate governance principles for Ethiopian Banks state that an effective risk governance framework requires robust communication about risk issues, including the Ethiopian bank's risk strategy. FinExtra
• Ethiopian Banks and financial services institutions have their work cut out for them as they strive to accelerate performance and growth in a digital, disruptive age. FinExtra
• To survive and thrive, Ethiopian Banks will need to innovate with their products and services, while leveraging new types of assets and operating markets that were hitherto beyond their purview, a case in point being digital wallets. FinExtra
• The Bangalore Plant and Technical Center India will play pivotal roles in realizing the new growth strategy, with substantial investments in safety and connected car technologies at the Bangalore Plant and significant contributions from TCI in terms of people and software systems competencies. Machine Maker
• The Bangalore Plant which is Continental's largest electronics plant in India and Technical Center India will have a huge role to play in realizing the new growth strategy. Bisinfotech
• With a surge in Arm-based products anticipated to intensify competition, the landscape seems ripe for innovation, potentially driving the development of more diverse and powerful WoA devices in the coming years. XDA
• The total prevalence of wet AMD in certain major markets, including the United States and the European Union (major markets), and Japan, will be greater than 4 million individuals in the next five years. 4D Molecular Therapeutics, Inc.
• The number of smokers around the world is steadily dropping, but the World Health Organization warned earlier this month that Big Tobacco was working hard to attract young people. Medical Xpress
• Major international markets like the European Union and United States, as well as large multinationals, increasingly expect imported products to be low or zero emissions. NZ Herald
• Major apparel exporters in Asia, such as China and Bangladesh, might assume a less dominant role as a sourcing base for recycled clothing due to their insufficient infrastructure for efficiently sorting used clothing and generating high-quality recycled textile materials. FASH455 Global Apparel & Textile Trade and Sourcing
• Commercial Service is already tracking and preparing initiatives to support U.S. hydrogen companies to connect them as early as possible with opportunities in Mexico as they become available in the coming years. International Trade Administration | Trade.gov
• With generative AI in the wild for just over a year, Gartner predicts AI's substantial role in enterprise IT in 2024 as organizations look for new business opportunities and cost efficiencies. iTWire
• The International Monetary F und (IMF) has meanwhile underscored that the negative impact of de-risking strategies by major economies would be felt beyond China, while comprehensive reforms in China could generate significant positive spillovers. Eurasia Review
• The Treasury Competition Review provides a unique opportunity to overhaul Australia's outdated merger reform regime, move away from the current inefficient and ineffective enforcement-based model, and follow international best practice. Australian Competition and Consumer Commission
• With many commentators expecting the Base Rate to drop towards 4.25% by the end of 2024, demand for high quality, energy efficient properties will continue to increase. Persimmon Homes
• Australian government and businesses should take the opportunity to do more than just use generative AI but to develop an Australian version of the technology, using local, high-quality data with strong privacy standards. Canberra CityNews
• 5G's impact is poised to be as profound as its speed, enabling a suite of new technologies and services that could redefine industry standards in 2024 and beyond. Medium
• The expansion of LNG exports threatens a stable climate for future generations, increases energy costs for American homeowners and businesses, and harms the quality of life in environmental justice communities. The White House

Last updated: 05 February 2024