Italy’s Prime Minister Matteo Renzi has appointed 500 board members and senior management to over 70 state-controlled companies. Boardroom expert Lucy Marcus examines what impact it will have.
Takaful has been growing considerably in the last decade with a compound annual growth rate (CAGR) of 29% from 2005-2009 globally. Apart from Malaysia, the GCC region is one of the main contributors to this growth.
Among the GCC countries, Bahrain is seen as an important market for takaful with CAGR of 40% during 2001-2010. In addition, the market share of takaful in the Kingdom increased significantly from only 3% in 2001 to 18% in terms of gross contributions in 2010.
One possible explanation to this growth is the increase in public awareness about takaful in Bahrain. Public awareness is an important factor to increase market share for Islamic finance overall and Takaful is no different. Bahrain’s insurance regulator and other stakeholders have put in a lot of effort to enhance public awareness on the benefits of insurance and takaful; national efforts include the establishment of the Bahrain Insurance Association (BIA), Insurance Learning Center (ILC) and Gulf Insurance Institute (GII). (more…)
2013 was an incredible year for the Thomson Reuters Foundation through the growth of TrustLaw, establishing Trust Women as a global movement, by shining a light on the world’s under reported stories, and providing journalism training around the world. The following Q&A is from our Foundation’s 2013 Annual Report. You can see the complete series of blog posts on our 2013 Annual Review here.
Which words would best sum up 2013 at the Thomson Reuters Foundation?
Growth, impact and women. It has been an incredible year for the Foundation, on many fronts.
Which areas of the Foundation have seen the most growth?
TrustLaw, our service connecting NGOs and social enterprises with lawyers offering free legal assistance, has grown exponentially. In 2013, we made a significant impact in India, with 200 members registering for our service. We also expanded in China – where we’re now working with 10 law firms – in Brazil and in South Africa, hiring staff to help recruit both law firms and organisations that could benefit from the service.
You said women? (more…)
The latest installment in our TechVision series looks at how social media changed financial markets and features Yoni Assia, CEO of eToro, hosted by Thomson Reuters Chief Enterprise Architect, Dave Weller.
TechVision is an interactive video series presented to a live and virtual internal audience in our offices, and in key customer facing events with a focus on real-world applications of emerging technologies and trends. Our speakers are thought leaders who help us reframe and explore growth opportunities.
Inspired by a neighborhood of innovators and entrepreneurs, the Knowledge Worker Innovation Series consists of events that bring in thought leaders from industry and academia to discuss, dissect and explore technology topics and trends. The discussions helps us stay on top of and share the ideas that shape our approach to making information intelligent and delivering it to the businesses and professionals who depend on it.
We are pleased to announce the fifth event in our Knowledge Worker Innovation Series, proudly held in Boston’s Innovation District. Enormous quantities of data go unused or underused today, simply because people can’t visualize the quantities and relationships within. The ability to convey specific data in a clear and understandable manner is a mix of science and art. Ben Fry, data visualization expert, will discuss principles of graphics design and dynamic visualization that can improve the insight gained from data. Ben will detail how all data problems begin with a question and end with a narrative construct that provides a clear answer without extraneous details. He will share several examples of projects and how each visualization conveys the unique properties of the data it represents: why the data was collected, what’s interesting about it, and what stories it can tell. (more…)
Among the skyscrapers of Venezuela’s capital of Caracas lies a 45-story building dubbed the “Tower of David.” The building, intended to be a new financial center but abandoned around 1994 after the death of its developer, has been transformed into a slum that is home to about 3,000 people. Earlier this month, Andrew Cawthorne and photographer Jorge Silva in Caracas produced a revealing multi-media story about the “Skyscraper slum”. In a Reuters Best: Journalist Spotlight Q&A, Jorge offers a behind-the-scenes look at the photographs he captured at the “Tower of David.”
Q. How did you get started on this story? (more…)
Taxes on wages rose across industrialized countries last year, as governments sought to reduce budget deficits increased by attempts to counteract years of economic weakness following the global financial crisis. According to the OECD, the total world taxes on wages rose to 35.9% in 2013 from 35.7% a year earlier. Today’s graphic shows the tax wedge and unemployment rate of the OECD countries.
The latest results of our proprietary TRust Index show that first-quarter 2014 trust sentiment in the Top 50 Global Financial institutions as a whole remained steady, but modestly negative. However, institutions from the Americas started the year well, ending with the first positive trust score of any region since the Index was launched a year ago.
Tracking trust through news sentiment reveals that the 18 Americas institutions in the TRust Index crossed into positive territory to end the first quarter with a trust score of 2 percent (compared with -1.85 percent Q4 2013), due in part to the performance of Canadian banks.
“During the financial crisis, and since, Canada has been noteworthy for the policies and discipline that allowed the country to better weather the storm and its financial institutions to more quickly recover,” said David Craig, president, Financial & Risk, Thomson Reuters. “It is no surprise therefore to see Canadian banks leading the Americas region into positive sentiment as we measure trust in the Top 50 Global Financials for the 5th consecutive quarter of the TRust Index.”
This compares to a Q1 score of -1 percent for the Top 50 Global institutions as a whole (-1.75 percent Q4) and -2 percent for both Europe (-1.25 percent Q4) and Asia (-1.5 percent Q4). In Asia, decreasing trust was partially attributable to tightening credit conditions in China, whilst European financial institutions experienced a decline in trust due to continuing investigations around interest rate fixing, rigging of exchange rates and tax fraud.
Other findings of this quarter’s TRust Index include: (more…)
Our first ever student Hackathon was held in London in March. A 24-hour coding competition, the EikonHack tasked 35 students with building a news discovery app for a mobile device using Thomson Reuters Eikon technology and Reuters news.
Read more about the event on the Thomson Reuters Eikon Blog.