In the newest issue of Thomson Reuters Exchange: The Art of Data, we celebrate data, the core of our business and the lifeblood of the industry. While our focus is typically on the science of data, we know there is also an art to making data useful, powerful and insightful.
It is estimated that 90 percent of the data in the world has been created in just the last two years. Data visualization tools, infographics and the like enable analysis of data through the mind’s highest bandwidth portal, revealing the hidden beauty of data. They power faster, deeper insight by allowing one to see the familiar in new ways, track change over time, compare disparate data sets, illustrate connections or trace flows, revealing the hidden beauty of data.
Inside this issue: (more…)
Each year the list gets longer: the biggest banks admitting guilt in LIBOR rigging, FX rigging, money laundering and other misbehavior that leads them to multi-billion settlements with regulators. It is no wonder people are looking at different models for how finance can better serve the people around the world who rely on the banks for financial intermediation, rather than just the banks and their employees.
For the third year in a row, Thomson Reuters and Abu Dhabi Islamic Bank find and recognize individuals and institutions that are leading the way towards a more ethical future for the financial services industry. The EFICA award in the past two years have recognized bankers and new banking products that share risk and reward between the banks and their clients, as well as several innovative methods of microfinance.
Last year, the Lifetime Achievement Award recognized Dr. Amjad Saqib who developed a unique microfinance institution, Akhuwat, based on the principle that by empowering the poor through small, interest-free loans and involving centers of community activities like the mosque in the process, the overall costs can be reduced. In addition, by giving small loans without expecting to receive interest, it can more quickly benefit the client and their business, make them self-sustaining and eventually allow them to donate to support future clients.
The EFICA Awards are looking to benefit the ethical finance and Islamic finance industry with three tracks: (more…)
The inaugural Trust Forum Asia, held on June 17 in Hong Kong, brought together more than 200 influential business and thought leaders to discuss real solutions to fight modern-day slavery and forced labour across Asia, a region with 60% of the world’s modern day slaves. Watch the wrap video of the event.
Aligned with the spirit and mission of the Foundation’s annual Trust Women conference, Trust Forum Asia touched upon a range of pressing issues, including protecting migrant workers and domestic “helpers” trapped in servitude, to achieving justice for exploited slaves in the multi-billion dollar fishing industry. The Forum also featured stories of survival and looked at the role of corporations in cleaning up supply chains.
It was truly remarkable day. Mrs. Anson Chan, the first woman and the first Chinese to hold the second-highest governmental position in Hong Kong, argued that the welfare of migrant workers must be a joint responsibility between home and host country government authorities. She stressed that both countries must monitor agencies fees and empower workers to know and defend their rights. (more…)
A “leap second” is being added to the world’s clocks at midnight GMT, which could test the extremely sensitive trading systems of the modern algorithmic era. Beginning in Asia, financial markets around with world will open on Wednesday with a tinge of apprehension. Today’s graphic explains why the added second is needed to allow the Earth’s rotation to synchronize with atomic clocks.
Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.
Patsy Doerr is the Global Head of Corporate Responsibility & Inclusion
I had the distinct pleasure of hosting a panel earlier this week at the Thomson Reuters Step-Up Summit, a professional development event for our most senior women clients. The room was full of bright, engaging, ambitious women who we have the privilege of doing business with and working with every day. As part of our commitment to diversity as a company, we are invested in their success and professional development.
Diversity in the Boardroom is a hot topic. In the news, at conferences and events, diversity & inclusion on corporate boards is increasingly gaining attention. While we see gradual improvement in this space, our own research shows that four in ten companies globally still have no women on their boards. This is not impressive given the make-up of today’s professional workforce. (more…)
The OECD’s Pascal Saint-Amans discusses global corporate tax reform, with analysis from Joe Harpaz, head of ONESOURCE
Our Tax & Accounting business is launching a series of interviews, moderated by Reuters Editor-at-Large Axel Threlfall, with key players in the world of tax, accounting, and finance.
The first installment features Pascal Saint-Amans, director of the Centre for Tax Policy and Administration at the Organization for Economic Cooperation and Development (OECD).
Saint-Amans is overseeing the OECD’s Base Erosion and Profit-Shifting (BEPS) project to close gaps in international taxation, including a seismic shift in transfer pricing documentation and reporting.
“The common goal is to increase transparency, to level the playing field, to increase competition between players so that tax is not a black hole where you can make a lot of money and be at a competitive advantage compared to your competitors,” he says in the interview. “The second key principle is to realign the location of the profits with the location of the activities because locating all your profits in a tax haven where nothing is happening is nonsense and is not good for competition.”
The interview is available here: (more…)
Take a seat to take a stand! This was the call to action as part of the National Sit With Me campaign to support and promote the career development of women in technology at our recent TechVision seminar in New York City.
In partnership with TechVision, Women@Thomson Reuters and the National Center for Women & Information Technology (NCWIT), James Powell, Chief Technology Officer, hosted a panel of distinguished technology leaders. All shared insights about their career path and how to attract and develop women in technology leadership roles.
The event and our sponsorship of the NCWIT reinforces Thomson Reuters commitment to diversity and the development of future leaders.
“Getting girls involved early on in technology will feed the pipeline,” said panelist Avis Yates-Rivers, President & CEO of Technology Concepts Group International, LLC.
Reports show that while 57% of professional occupations in the 2014 U.S. workforce are held by women, only 26% of professional computing roles are held by women. The panelists agreed that there is still work to do to increase the ranks of women in information technology roles. (more…)
Celebrating our differences, and focusing on diversity and inclusion — of ideas and people — is deeply ingrained into who we are as a company and how we do business. To us, diversity and inclusion means fostering a culture where innovation can thrive, regardless of nationality, disability, ethnicity, gender identity and expression, sexual orientation, age or other differences. It’s something we think about constantly, integrating it throughout our organization, all over the world.
This time of year has a special feeling of celebration of the power and significance of embracing diversity. Near the end of May, 7,000 of our employees across the globe took part in a special two-day event called “The Power of Us.” Those employees took part in 50 events, in 30 countries, via 15 webinars, all aimed at taking a moment to think about how our differences make us stronger. We also launched our new Corporate Responsibility & Inclusion video, “How do you see the world?”.
And now, looking ahead in June, we’re excited to take our annual involvement in the Pride in London festival to the next level. Building on the success of the last two years, we’re excited to be back at Pride 2015 once again as a major sponsor, with participation from our employees across the enterprise. We are also excited to be providing Convene as the official mobile app for Pride in London, which will help everyone navigate the festival and its surrounding events. (more…)
In late May, Irish voters backed same-sex marriage by a landslide in a referendum that marked a dramatic social shift in a traditionally Catholic country that only decriminalized homosexuality two decades ago. After one of the largest turnouts in a referendum there, 62 percent of voters said ‘Yes’, making Ireland the first country to adopt same-sex marriage via a popular vote. Reuters was covering the historic vote every step of the way, offering multimedia reportingahead of the vote, live video of voting day and coverage of thereactions from locals in Dublin. In a Reuters Best: Journalist Spotlight Q&A, Ireland correspondent Padraic Halpin – who appeared on PBS Newshour, The Rachel Maddow Show and other programs to discuss the vote – offers a behind-the-scenes look at covering the story.
Q. What was the process of covering this story? What were our big wins?
A. Knowing Ireland would become the first country in the world to adopt same-sex marriage by popular vote if the referendum carried, it was important to approach the story in a number of different ways. We filed a series of stories looking at the two-decade old quiet revolution for gay rights, telling readers how the once hugely powerful Catholic Church was taking a backseat in the campaign and explaining why U.S technology giants including Google and Twitter were urging their workers to vote ‘Yes’. It set us up comprehensively when the eyes of the world were on Ireland as voters signaled ‘social revolution’ by legalizing gay marriage.
In the week leading up to the referendum, Reuters was first to write about the wave of young people set to return home to vote. Our interview with one emigrant who had forked out A$1,600 to fly home from Sydney was picked up by local media and made the front page of the Irish Sun on the day of the vote, when stories of young people making trips from Britain and New York dominated social media. What became known as the #hometovote movement demonstrated how the referendum energised young voters. Having flagged throughout the day of the vote that the high turnout would likely favour the ‘Yes’ side, we spoke to a prominent ‘No’ campaigner shortly after polls closed who confirmed as much. The following morning, we quickly cornered Ireland’s equality minister for an interview to elaborate on a tweet predicting victory just minutes after counting began.
Q. What types of reporting/sourcing were involved? (more…)
Last week, Reuters Editor at Large Sir Harold (Harry) Evans moderated a Reuters Newsmaker conversation with David Miliband, president and CEO of the International Rescue Committee, about the responsibility wealthy countries have to support the millions of people fleeing conflict and disaster.
An audience that included our CEO Jim Smith and other employees, representatives from a number of humanitarian organizations and external media gathered at our Times Square office to get some historical context behind the current headlines on refugees from Africa, Asia, Central America and the Middle East – and Miliband’s thoughts on what can and should be done to help.
After an introduction by our Chief People Officer, Peter Warwick, Sir Harry asked Miliband about the scale of the current problem.
“As measured by the number of wars between states, this is a very peaceful period of human history. But at the same time it’s a period when more people are fleeing conflict and disaster than at any time since 1945.” (more…)