The year 2016 was not a record-breaker for deal activity in the global banking and capital-markets space. Even though the industry’s underlying fundamentals remained relatively unchanged, the operating environment became much tougher.
The United Kingdom’s Prime Minister Theresa May’s government has raised the possibility of a so-called “hard Brexit”, which prioritises immigration control over membership in the European single market. Banks and other financial firms now understand that they are facing an automatic loss of the City of London’s EU (European Union) financial passport.
According to a recent study published by Dimension Data, 51 percent of companies surveyed declared that their digital strategy is under development, or even non-existent. Less than 10 percent of organizations said that they have implemented an optimized digital business strategy.
We are living in the age of revolutionary change. As each day passes, new technologies are mushrooming at an exponential rate. For small and big businesses, rapid innovation has become the lifeblood for survival.
There is no doubt of the complexity of the relationship between employment and technological advancement. The introduction of a particular technology may create new jobs on one hand and diminish others on the other.
The relationship between The Walt Disney Company and China’s Communist government is perhaps the oddest perversion of the profit motive yet. Disney, the world’s largest entertainment company,
Thomas Paine, one of America’s founding fathers and political activists, once said that “time makes more converts than reason”. He also advised “from the errors of other nations, let us learn wisdom”.