Financial Services Practice Prudential embraces customer centricity: An interview with Priscilla Ng Prudential plc's shift to customer-centric insurance hinges on digital transformation, with data and artificial intelligence as key enablers and humans still playing a crucial role. August 2024 As Prudential plc embraces digital transformation, the 176-year-old insurance company finds itself navigating a delicate balancing act: harmonizing the power of AI with a human touch, essential to delivering exceptiona ...

2 – 8 August 2024 China Retail & E-commerce Weekly Update I. Sector Review..............................................................................................................2 Internet & E-commerce................................................................................................2 Taobao and Tmall test after-sales negotiation tools to help merchants reduce refund rates...................................................................................................................... ...

TECHNICAL ASSISTANCE REPORT REPUBLIC OF ARMENIA Tax Compliance and Crypto Assets JULY 2024 Prepared By Graham Whyte, Philipp Hochreiter Authoring Department Fiscal Affairs Department The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of the Republic of Armenia (the "TA recipient") in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IM ...

ab 14 August 2024 Global Research and Evidence Lab Global Economic Forecast Database UBS forecasts - changes this week Economics Global Latest global economic forecasts All UBS economic forecasts (>50 indicators for roughly 40 countries/regions) are accessible in Excel through our "Global Forecast Database" which can be found here. For ease of reference, we also circulate the Database tables, on a weekly basis, sorted by Indicator and Region (pg 6-70). A summary can be found on pg 4. Pg 5 shows forecast cha ...

ab 14 August 2024 Global Research and Evidence Lab US Economic Perspectives Fed & US outlook update Updating our rate call to reflect FOMC risks reassessment We expect three 25 bp rate cuts this year, one at each of the September, November and December FOMC meetings. We expect this to be well signaled in the September FOMC meeting materials and the Summary of Economic Projections. We expect Chair Powell will lay out a case for an orderly withdrawal of monetary policy restrictiveness in a speech at Jackson H ...

First Read Mabuchi Motor Results above estimates, but monitoring Europe/ US auto slowdown and cost increases Q: How did the results compare with expectations? Q2 (Apr-Jun) OP was ¥5.3bn, 15% above our forecast (¥4.6bn) and 20% above the consensus (¥4.4bn). The main reasons for the discrepancy versus our forecast were the weaker yen and higher than estimated volumes for the life & industrial products segment. In this segment, the health and medical areas performed well. The OP margin improved from 8.6% in Q1 ...

ab 14 August 2024 Global Research and Evidence Lab US Economic Perspectives July CPI recap: Ongoing progress Headline CPI +0.15%: 12-month inflation edges down to 2.9% The headline CPI increased 15bp (seasonally-adjusted) in July with 12-month CPI inflation edging down from 3.0% in June to 2.9% in July — its lowest level since May 2021. Energy prices were essentially unchanged, and both food prices (+16bp) and core prices (+17bp) increased at moderate paces that would not be out of line with their pre-pande ...

ab 14 August 2024 Global Research and Evidence Lab EMEA Economic Comment Poland: Stronger-than-expected Q2 rebound puts 3% GDP growth within reach Economics Poland Anna Zadornova Economist anna.zadornova@ubs.com +44-20-7567 4212 Strong Q2 GDP and revisions to past quarters push up our 2024 forecast to 3% Flash headline GDP data for Q2 came in substantially stronger than expected, at 3.2%y/ y (unadjusted), above 2.7%y/y Bloomberg consensus. Sequentially, GDP was up 1.5%q/ q, sa, vs 1%q/q consensus but with a ...

ab 14 August 2024 Global Research and Evidence Lab European Economic Perspectives Sweden: Core inflation down, Riksbank to cut next week This report has been prepared by UBS AG. ANALYST CERTIFICATION AND REQUIRED DISCLOSURES, including information on the Quantitative Research Review published by UBS, begin on page 8. Economics Riksbank to cut rates on 20 August despite upside surprise in headline inflation July headline inflation increased more than expected by us and consensus to 1.7% y/y (from 1.3% in Jun ...

Global Research and Evidence Lab 15 August 2024 Equity Strategy Japan Japan Equity Strategy & Thematic Research Prime Minister Kishida to resign; what will the stock market impact be? A new LDP leader to be chosen in a presidential election in September On the morning of 14 August, it was reported that Prime Minister Kishida will not run for president of the Liberal Democratic Party (LDP) in the next party election, and there was an official announcement to that effect at a press conference at 11:30AM (Prim ...