( MENAFN - Live Mint) Australian Prime Minister Anthony Albanese and tech billionaire Elon Musk are at odds over a new law that bans children under 16 from joining social media platforms in Australia. The legislation, lauded as a global first, has ignited a fiery debate about internet freedom, Big Tech accountability, and government overreach. Anthony Albanese's government passed the legislation last Thursday, targeting platforms like X (formerly Twitter), TikTok, and Instagram . Social media companies are now required to prevent minors from creating accounts or face fines of up to AUD 50 million ( ₹2.7 billion). PM Albanese has positioned himself as a defender of vulnerable young people, citing the devastating impact of cyberbullying. “I've met parents who have had to bury their children as a result of the impact that social media has had... We need to do something about it,” he said during an interview with the ABC. With the social media ban for minors set to take effect in Australia within a year, Albanese vowed to hold tech giants accountable.“We know that social media companies have more information about you and I than some of our friends do,” he said, putting the onus squarely on platforms to enforce the ban without requiring intrusive ID checks. Elon Musk, who owns X and is a key figure in Donald Trump's incoming administration, hasn't held back his criticism of the new law. In a post on X last month, Elon Musk called the legislation a“backdoor way to control access to the Internet by all Australians.” MENAFN30112024007365015876ID1108942182 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global strategy consulting market size is estimated to grow by USD 121.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 23.3% during the forecast period. Rising need for improved customer digital experience is driving market growth, with a trend towards consulting firm selection process. However, increased risks related to data security and privacy poses a challenge. Key market players include A.T. Kearney Inc., Accenture Plc, Bain and Co. Inc., Booz Allen Hamilton Holding Corp., Boston Consulting Group Inc., Capgemini Service SAS, CGI Inc., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., Infosys Ltd., International Business Machines Corp., KPMG International Ltd., Marsh and McLennan Companies Inc., McKinsey and Co., Oracle Corp., PricewaterhouseCoopers LLP, Roland Berger Holding GmbH, Tata Consultancy Services Ltd., and The Hackett Group Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered End-user (Large enterprises and SMEs), Type (Business strategy consulting, Operations consulting, Investment consulting, and Technology consulting), and Geography (North America, Europe, APAC, Middle East and Africa, and South America) Region Covered North America, Europe, APAC, Middle East and Africa, and South America Key companies profiled A.T. Kearney Inc., Accenture Plc, Bain and Co. Inc., Booz Allen Hamilton Holding Corp., Boston Consulting Group Inc., Capgemini Service SAS, CGI Inc., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., Infosys Ltd., International Business Machines Corp., KPMG International Ltd., Marsh and McLennan Companies Inc., McKinsey and Co., Oracle Corp., PricewaterhouseCoopers LLP, Roland Berger Holding GmbH, Tata Consultancy Services Ltd., and The Hackett Group Inc. Key Market Trends Fueling Growth The strategy consulting market is thriving with trends like management consulting, staff optimization, and corporate sustainability. Consulting firms provide expert advice on digital business models, digital strategy, business model innovation, and digital transformation. SaaS, intelligent automation, artificial intelligence, IoT, Blockchain, and disruptive technologies are shaping the future of professional services. Security concerns are a major focus, including data security, data breaches, and cyber security regulations. Healthcare, ecommerce, and customer purchasing patterns are driving innovation. Strategy consulting services offer domain expertise in areas like organizational strategy, economic policy, IT and telecommunication, and customer relationship management. Risk management is crucial, with risk identification and assessment being key components. Strategy consultants help large enterprises make high-level decisions, develop operational strategies, and leverage digital channels for brand experience. Consultants bring valuable insights to startup projects and offer assurance technology platforms and digital transaction management solutions. Strategy consulting firms face new challenges in the market as customers shift towards online research for selecting consultants. With the availability of fast and cost-effective Internet databases, clients can easily identify subject-matter experts (SMEs) based on their specific requirements. This trend eliminates the traditional reliance on referrals and hiring based on domain expertise. Even well-established firms with long-standing reputations can be overshadowed by smaller businesses offering specialized knowledge. The consulting industry continues to evolve, requiring firms to adapt to this digital transformation to remain competitive. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This strategy consulting market report extensively covers market segmentation by 1.1 Large enterprises- The large enterprises segment is a significant part of the global strategy consulting market. Companies like McKinsey, Bain and Company, A.T. Kearney, and PricewaterhouseCoopers provide strategy formulation assistance to large enterprises. Strategy consulting offers large businesses a fresh perspective, innovative methods, and a competitive edge. These consulting firms help create sustainable competitive advantage and profitability through forward-looking business strategies. They build alignment within organizations and offer industry-specific solutions for strategic challenges, including market assessment, scenario planning, strategic planning process design, and alliance management. The availability of these services for large enterprises contributes to the growth of this segment. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Strategy consulting is a specialized area of management consulting that focuses on helping businesses make high-level decisions and develop corporate strategies. In today's rapidly changing business landscape, strategy consulting services are more crucial than ever. Consultants provide expert advice on various aspects of business operations, including staff optimization, corporate sustainability, digital business models, and customer relationship management. As businesses increasingly embrace ecommerce and digital channels, strategy consultants play a vital role in helping them adapt to disruptive technologies and automation. They help identify risks, such as data security breaches and cyber security regulations, and provide solutions to mitigate them. Moreover, strategy consultants bring domain expertise and a deep understanding of customer purchasing patterns to the table. They help businesses optimize their operations, develop operational strategies, and enhance brand experience through cloud-based marketing automation and other digital means. In the era of digital transformation, strategy consulting is essential for businesses looking to stay competitive and thrive in an ever-evolving market. Whether it's navigating complex security concerns or implementing innovative operational strategies, strategy consultants are the trusted advisors businesses turn to for guidance. Market Research Overview Strategy consulting is a specialized area of management consulting that focuses on helping organizations make high-level decisions and develop long-term plans for achieving their business objectives. This can include staff optimization, corporate sustainability, digital business models, and business model innovation. In today's digital age, digital strategy, digital transformation, and the adoption of disruptive technologies such as SaaS, intelligent automation, Artificial Intelligence, Internet of Things, Blockchain, and digital transaction management are key areas of focus. Consulting firms provide expert advice and domain expertise to large enterprises and startup projects, assisting with risk management, assurance technology platforms, and professional services. Digital channels, customer purchasing patterns, and ecommerce are also important areas of consideration. Security concerns, including data security, cyber security regulations, and risk identification, are increasingly crucial in the digital landscape. Organizational strategy, economic policy, and IT and telecommunication are additional areas of expertise. Strategy consultants help clients navigate the complexities of digital transformation, providing guidance on operational strategies, brand experience, and information security. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/strategy-consulting-market-to-expand-by-usd-121-2-billion-2024-2028-driven-by-demand-for-enhanced-digital-customer-experience-ai-transforming-the-market---technavio-302313361.html SOURCE TechnavioThe proposed “Department of Government Efficiency” (DOGE) by Donald Trump, to be led by Elon Musk and Vivek Ramaswamy, has sparked interest despite its misleading name. This non-governmental advisory body aims to streamline federal regulations, which span more than 180,000 pages. However, achieving significant spending cuts may prove challenging. , “Washington is quite inefficient, but most of what it does is write checks — with great efficiency.” Mandatory programs like Social Security and Medicare comprise about 60% of the federal budget, which Trump has pledged to protect. The Defense Department, with its $800 billion budget, and interest on national debt are also considered untouchable. This leaves only about 15% of the budget for potential cuts, making Musk’s goal of $2 trillion in spending cuts seem unrealistic. Despite these challenges, Zakaria supports the reform impulse, stating, “I think it will force greater scrutiny and efficiency on government, which needs it.” He also believes it will compel the Republican Party to confront its long-standing promise of dismantling the New Deal-era government expansion. Related Story: Historically, Republican presidents have struggled to significantly reduce government size. Even Ronald Reagan, who campaigned against big government, saw federal debt increase during his tenure. Zakaria argues that the American public has consistently voted for “Republican levels of taxation and Democratic levels of spending,” leading to the current debt situation. He warns that drastic spending cuts could trigger an economic downturn, citing Europe’s austerity experience in the 2010s. While acknowledging the need for reform, Zakaria concludes, “With DOGE, we might finally get an effort to actually deliver on the central Republican promise of the past 90 years. And we will find out what America thinks of it.” Read more at
Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It's now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!WEST PALM BEACH, Fla. — President-elect Donald Trump said Saturday that he wants real estate developer Charles Kushner, father of Trump’s son-in-law Jared Kushner, to serve as ambassador to France. Trump made the announcement in a Truth Social post, calling Charles Kushner “a tremendous business leader, philanthropist, & dealmaker." Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former White House senior adviser to Trump who is married to Trump’s eldest daughter, Ivanka. The elder Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was cooperating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to Kushner's own sister, the man’s wife, prosecutors said. Kushner eventually pleaded guilty to 18 counts including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison — the most he could receive under a plea deal, but less than what Chris Christie, the U.S. attorney for New Jersey at the time and later governor and Republican presidential candidate, sought. Christie blamed Jared Kushner for his firing from Trump’s transition team in 2016, and called Charles Kushner’s offenses “one of the most loathsome, disgusting crimes that I prosecuted when I was U.S. attorney.” Trump and the elder Kushner knew each other from real estate circles and their children were married in 2009.Connections: Sports Edition is a new version of the popular New York Times word game that seeks to test the knowledge of sports fans. Like the original Connections , the game is all about finding the "common threads between words." And just like Wordle , Connections resets after midnight and each new set of words gets trickier and trickier—so we've served up some hints and tips to get you over the hurdle. If you just want to be told today's puzzle, you can jump to the end of this article for the latest Connections solution. But if you'd rather solve it yourself, keep reading for some clues, tips, and strategies to assist you. What is Connections Sports Edition? The NYT 's latest daily word game has launched in association with The Athletic , the New York Times property that provides the publication's sports coverage. Connections can be played on both web browsers and mobile devices and require players to group four words that share something in common. Each puzzle features 16 words and each grouping of words is split into four categories. These sets could comprise of anything from book titles, software, country names, etc. Even though multiple words will seem like they fit together, there's only one correct answer. If a player gets all four words in a set correct, those words are removed from the board. Guess wrong and it counts as a mistake—players get up to four mistakes until the game ends. Players can also rearrange and shuffle the board to make spotting connections easier. Additionally, each group is color-coded with yellow being the easiest, followed by green, blue, and purple. Like Wordle, you can share the results with your friends on social media. Here's a hint for today's Connections Sports Edition categories Want a hint about the categories without being told the categories? Then give these a try: Here are today's Connections Sports Edition categories Need a little extra help? Today's connections fall into the following categories: Looking for Wordle today? Here's the answer to today's Wordle. Ready for the answers? This is your last chance to turn back and solve today's puzzle before we reveal the solutions. Drumroll, please! The solution to today's Connections Sports Edition #68 is... What is the answer to Connections Sports Edition today Don't feel down if you didn't manage to guess it this time. There will be new Connections for you to stretch your brain with tomorrow, and we'll be back again to guide you with more helpful hints. Are you also playing NYT Strands? See hints and answers for today's Strands . If you're looking for more puzzles, Mashable's got games now! Check out our games hub for Mahjong, Sudoku, free crossword, and more.
Banque Cantonale Vaudoise Decreases Stock Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)Qatar tribune Tribune News Network Doha Ooredoo, Qatar’s leading telecommunications and ICT provider, has been announced as a Diamond Sponsor for Web Summit Qatar in 2025 and 2026. Through this partnership, Ooredoo aims to empower innovators and entrepreneurs, enabling them to engage with global tech leaders and showcase their ideas on an international stage. Web Summit Qatar is a world-renowned technology conference that brings together global tech leaders, startups, and investors to explore emerging trends and groundbreaking innovations. The event serves as a vital platform for networking, knowledge exchange, and forging partnerships within the global tech ecosystem. On this sponsorship, Sabah Al Kuwari, director of Public Relations, Sponsorship, and CSR at Ooredoo Qatar said: “Ooredoo’s role as a Diamond Sponsor of Web Summit Qatar 2025 and 2026 reinforces our commitment to driving innovation and supporting events that highlight Qatar as a global hub for technology and entrepreneurship. This partnership aligns perfectly with our mission to connect people, businesses, and ideas while inspiring the next generation of innovators.” Adam Connon, country manager for Qatar at Web Summit said: “Web Summit is delighted to welcome Ooredoo as a partner as we return to Qatar in February. As a leader in innovation and connectivity, Ooredoo’s commitment to advancing technology aligns with our mission to create transformative opportunities for collaboration and growth in Qatar and the Middle East.” This sponsorship agreement which was formalised at a signing ceremony reflects Ooredoo’s dedication to supporting Qatar’s National Vision 2030, which emphasizes building a knowledge-based economy. Copy 04/12/2024 10
Spanish GROINN Unveils Its Initiative To Drive Kazakhstan's Agricultural Modernization (Exclusive)