Investment Rating - The report does not explicitly state an investment rating for the oil industry, but it highlights significant shifts and challenges that could impact investment strategies moving forward [4][10]. Core Insights - Global oil markets are facing structural shifts that will reshape demand and trade flows, with a projected plateau in oil demand towards the end of the decade [10][15]. - The rise of non-OECD economies, particularly China and India, will dominate oil demand growth, while advanced economies are expected to see a decline [17][46]. - The transition to clean energy technologies and increased efficiency measures are expected to significantly curb oil demand growth, particularly in road transport and electricity generation [15][38]. Summary by Sections Demand - Global oil demand is forecasted to plateau at around 106 mb/d by the end of the decade, with a net increase of 3.2 mb/d from 2023 to 2030 [15][26]. - Demand growth will be primarily driven by non-OECD Asian economies, especially India and China, while OECD demand is projected to decline from 45.7 mb/d in 2023 to 42.7 mb/d by 2030 [17][46]. - The shift towards petrochemicals will account for a significant portion of demand growth, with naphtha and LPG/ethane consumption expected to rise by 3.7 mb/d over the forecast period [15][44]. Supply - World oil production capacity is expected to increase by 6 mb/d to nearly 113.8 mb/d by 2030, surpassing projected global demand of 105.4 mb/d [12][19]. - Non-OECD producers will lead the capacity build, accounting for 76% of the net increase, with the United States contributing significantly [19][20]. - Saudi Arabia has shifted its focus from increasing crude oil capacity to boosting domestic gas supply, reflecting a changing strategy in response to market conditions [10][18]. Investment and Exploration - Global upstream capital expenditures rose by 13% to USD 538 billion in 2023, with expectations for a further 7% increase in the following year [20]. - The report indicates a front-loaded build in oil production capacity that may lose momentum towards the end of the forecast period, creating potential challenges for producers [10][12]. Refining and Trade - Global refining capacity is projected to rise by 3.3 mb/d from 2023 to 2030, but this increase will not keep pace with the demand for refined products [21][22]. - The global oil trade is expected to shift eastward, driven by Asia's growing structural shortfall in crude and product supply [23][25]. Government Policies - Government policies are increasingly supporting the growth of biofuels, with a steady demand for ethanol feedstock expected [21][22]. - The report emphasizes the need for refiners to adapt to changing demand patterns, particularly as non-refined products capture a significant share of projected demand growth [21][22].

Slowing demand growth and surging supply put global oil markets on course for major surplus this decade IEA 12 June 2024 New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance. At the same time, global oil production is set to ramp up, easing market strains and pushing spare capacity t ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The emergence of large language models (LLMs) is expected to significantly impact the IT services sector in the Global South, with potential productivity gains and economic growth, but also risks of exacerbating the digital divide [1][2][5] - The Global South's IT sector, while growing, is likely to face disruptions due to LLM adoption, particularly in occupations with high automation potential [5][40] - Policymakers in the Global South are urged to support workforce development, promote AI adoption, and facilitate digital free trade to mitigate risks and harness opportunities presented by LLMs [6][44][49] Summary by Sections Section 1: Introduction to LLMs and Economic Impact - The report discusses the growing urgency to understand the economic impact of LLMs, particularly in the Global South, where the adoption of such technologies could lead to both productivity benefits and increased economic disparities [1][2] Section 2: Current State of IT Services in the Global South - IT services are increasingly important in the Global South, with many countries exporting digital services to the Global North, including telecommunications and content generation [2][5] - The report highlights that the IT sector's share of employment in countries like China, India, and Brazil is less than 1%, while the share of GDP from IT services is 7.5% in India and nearly 10% in Nigeria [18][20] Section 3: Impact of LLMs on Employment and Exports - The report finds that LLMs may disrupt the growth of the IT sector in the Global South, as many IT occupations are at high risk of automation [5][40] - Countries like India and China are significant players in global IT service exports, with $120 billion and $51 billion respectively, but face challenges from LLM adoption that could lead to reshoring of jobs [38][39] Section 4: Policy Recommendations - Policymakers are encouraged to implement workforce development policies to equip workers with necessary digital skills for the AI economy [6][44] - There is a call for widespread adoption of AI technologies to enhance productivity and competitiveness in various sectors, including agriculture and healthcare [46][48] - The report emphasizes the importance of facilitating digital free trade to ensure access to advanced digital services and mitigate the risks of protectionism [49]

Investment Rating - The report does not explicitly state an investment rating for the industry or company Core Insights - Pega Infinity '24 significantly enhances productivity and operational efficiency through advanced AI-driven development tools, predictive analytics, and intelligent automation features, promising to elevate development productivity and streamline workflows across the industry [4][5][12] Summary by Sections Background and Context - Pega Infinity '24 builds on the success of Pega Infinity '23, which was found to be 7.8 times faster than custom builds and resulted in a 40% reduction in total cost of ownership over five years [4][7] AI-Driven Development Features - Pega Infinity '24 introduces several AI-driven features, including Pega GenAI Blueprint, Autopilot, Coach, Analyze, and Automate, which enhance the application development lifecycle [15][12] Key Differentiators - The platform offers intelligent process mapping, accelerated development lifecycle, enhanced quality and compliance, and in-depth analytics, which collectively redefine application development [88][89] Pega GenAI Blueprint - This feature aligns business strategy with application development, ensuring that every phase of development meets strategic objectives through intelligent communication and contextual road mapping [16][20][27] Pega GenAI Autopilot - Autopilot boosts productivity by automating repetitive tasks, managing code generation, and ensuring compliance, allowing developers to focus on strategic work [28][30][32] Pega GenAI Coach - The Coach provides intelligent mentorship by analyzing past development patterns and offering actionable recommendations on code quality, architecture, and design choices [36][38][40] Pega GenAI Analyze - This tool transforms data into actionable insights, offering advanced data visualization, user behavior analysis, and application performance insights to support data-driven decision-making [43][45][50][56] Pega GenAI Automate - Automate streamlines workflow automation by analyzing processes and suggesting pre-built automation solutions, simplifying the creation and deployment of automation rules [59][60][63] Enhancements to Constellation - The updated design system in Constellation improves UI development efficiency and consistency, providing advanced components and AI-powered suggestions to elevate developer productivity [76][78][84] Conclusion - Pega Infinity '24 represents a significant advancement in business process management, enabling organizations to achieve unprecedented productivity and strategic alignment through its comprehensive suite of GenAI tools [96][97]

DEFENDING YOUR OT/ICS ASSETS: INDUSTRIAL CYBERSECURITY CHALLENGES AND SOLUTIONS CYBERSECURITY CHALLENGES Has your organization ever experienced a cyberattack (s) in your OT environment? IN THE OT ENVIRONMENT 23% NO A recent global survey from ABI Research and Palo Alto Networks revealed that three out of four organizations have experienced a cyberattack against their Operational Technology (OT) environment. In some cases, industrial operations get shut down due to the attack. YES 76% Malware, Ransomware, an ...

TO THE MEMBER ASSOCIATIONS OF FIFA Circular no. 1889 Zurich, 7 June 2024 Amendments to the FIFA Statutes, the Regulations Governing the Application of the Statutes and the Standing Orders of the Congress Dear Sir or Madam, The 74th FIFA Congress held in Bangkok on 17 May 2024 approved amendments to the FIFA Statutes, the Regulations Governing the Application of the Statutes and the Standing Orders of the Congress as proposed and shared with the member associations per circular no. 1882. Those amendments ali ...

How to Improve the American Privacy Rights Act ASH JOHNSON | JUNE 2024 America desperately needs a federal privacy law—but it needs the right federal privacy law. In its current state, APRA is not that law. But with a few important changes, it could be. KEY TAKEAWAYS  Congress should remove the data-minimization requirements from APRA and instead focus on giving consumers more control over their data.  Congress should encourage consumers to take advantage of the diverse data-sharing economy instead of ins ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The 2024 Employer Brand Index highlights the increasing importance of employer branding in attracting and retaining talent, with companies competing fiercely for skilled workers [9][12] - The index reveals that perceptions of employer brands significantly influence candidates' decisions to apply for jobs and their willingness to stay with their current employers [10][12] - The report emphasizes the need for data-driven talent strategies that incorporate employer brand perceptions to navigate the competitive job market [12] Summary by Sections Ranking Analysis - The 2024 Employer Brand Index indicates that companies are leveraging their brands to attract talent amid a challenging job market, with a slight rise in global unemployment predicted [14] - The index is based on surveys from 16 countries, assessing factors such as brand reputation, sustainability, and employee experience to determine employer brand strength [14][15] - The results show significant variations in employer brand perceptions across different countries, highlighting the need for tailored branding strategies [15] Country Analysis - In the UK, reputation and prestige are key drivers for prospective employees, while enjoyable work and remuneration are more important for retention [32] - South African banks, particularly Standard Bank, are recognized for their strong employer brands, with high scores in metrics like employing top talent and providing enjoyable work [37] - In China, factors such as work-life balance and competitive salaries are crucial for attracting talent, with companies like WeChat excelling in employer branding despite limited global recognition [44] Methodology - The Employer Brand Index is based on an anonymous online survey of over 11,000 respondents across various industries in 16 markets, focusing on external perceptions of employer brands [23][28] - The assessment includes 15 employer-related attributes across six key topics, with a focus on familiarity and consideration as primary drivers of brand strength [29][30]

Clean Energy Transition: Machines and Manufacturing Has the sector flown under the sustainability radar? When looking at the sources of greenhouse gas emissions into in our atmosphere, the machines sector does not come anywhere near the top of the list. In fact, a detailed breakdown by Climate Watch in 2020 found that energy-related emissions from the production of machinery amounts to about 0.5% of total global emissions. This contrasts markedly with iron and steel manufacturing, for instance, which alone ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - B2B trading on credit remains vital in Türkiye, with an average of 49% of total B2B sales transacted on credit, varying by sector [7] - Nearly 60% of businesses report no significant change in payment policies over the past year, with an average payment term of 54 days from invoicing [7] - Late payments affect an average of 43% of all B2B sales on credit, with bad debts standing at 5% [7] - A significant 69% of companies expect a surge in demand for their products and services in the coming year, particularly in the chemicals industry [14] - Concerns about the domestic economy, customer acquisition challenges, and geopolitical tensions are prevalent among businesses [14] Summary by Sections B2B Payment Practices Trends - Trading on credit is crucial, with 49% of B2B sales on credit; 55% in chemicals and 41% in agri-food sectors [7] - Average payment term is 54 days, with the agri-food sector offering the most lenient terms [7] - Late payments affect 43% of B2B sales on credit, with bad debts at 5%; cash flow issues are the main reason for late payments [7] Future Outlook - 69% of companies anticipate increased demand, while only 44% expect profit growth [14] - 47% of businesses expect stable payment practices, with mixed views on Days-Sales-Outstanding (DSO) [14] - Major concerns include economic conditions (42%), human resources limitations (37%), and customer acquisition challenges (30%) [15]