Breaking down barriers to completing the single market in Europe
A Reuters Newsmaker with Lord Jonathan Hill, European Commissioner for Financial Stability, Financial Services, and Capital Markets Union (CMU) indicated that a wave of regulation from Brussels since the financial crisis may ease on his watch but there would be no repeals of legislation.
The event on Friday (April 17), hosted by Reuters Editor at Large Axel Threlfall and introduced by President of Financial & Risk David Craig, was Lord Hill’s first speech to London’s financial community since his appointment to the European Commission last November.
David Craig said: “We are now a quarter-century on from the historic Maastricht Treaty, which promised free movement of capital within the EU. Perhaps Lord Hill is the man who can finally deliver.”
The aim of CMU reforms, and some $338 (Euro 315) billion in investment, is to kick start growth in Europe. Lord Hill described a lack of jobs and growth as the biggest threat to financial stability in the region. (more…)
Thomson Reuters Foundation CEO Monique Villa has been named among the top 100 Most Influential People in Business Ethics by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices.
The annual award recognizes individuals who have made a significant impact in the world of business ethics and compliance. Monique moved up in the ranking this year to #37 and was honored for her commitment to fight modern-day slavery and empower women worldwide.
As the Founder of Trust Women, Monique is the driving force behind several global efforts to advance ethical business practices. Trust Women has now become a global movement to boost women’s rights and to fight slavery worldwide. This year’s annual conference brought together over 550 delegates from 55 countries worldwide.
As a direct result of the Trust Women conference, in 2012, alongside Manhattan District Attorney Cyrus Vance Jr., Monique launched a U.S. financial working group to encourage some of the biggest financial institutions in the USA to contribute to the fight against human trafficking. Specialized NGOs have designed red flags to identify the financial footprint left by human traffickers and slavers. Today, these major banks have agreed to share suspicious data from their clients’ credit cards with law enforcement agencies.
This powerful collaboration has already led to an increase in the number of suspicious activities being reported to the New York District Attorney and could help thousands of individuals. The Thomson Reuters Foundation will now replicate this initiative in Europe with Europol.
Other actions taken at the Trust Women Conference include: (more…)
Reuters Commercial Department in London, 1938
In our interview series, we talk with employees across the company in different places around the world to learn about what they do and what really motivates them. We caught up with John Entwisle, our corporate historian, who designed and runs our company archive, to discover what keeps him inspired 29 years on.
Having worked as our company historian for almost three decades, see what John loves about the job: (more…)
Occasionally, we talk with employees across all businesses in different world regions to learn about what they do and what really motivates them. We caught up with Edwin Stokkermans and here’s what he told us.
What do you enjoy most about your job?
With 23 years of service, Edwin is Director for Sourcing Applications. His team is located in Bangalore, India and Eagan, U.S., while he is based in Amsterdam, The Netherlands. This global responsibility and continuous engagement across countries is precisely what he loves about his job. “Most of the day, I don’t communicate in my native language (Dutch). With events like the recent soccer World Cup, it’s more enjoyable, as you know people in almost every participating country. When my country wins a game, I get congratulations by mail and chats from all over the world, as if I succeeded personally, it’s fun. This also applies to big news items (unfortunately often challenging issues) you can relate to colleagues, share empathy and act as a global family. This additional value, which is very powerful, should not be underestimated.”
His job entails taking care of the deployment, maintenance, quality control, service support, user adoption of the applications within the Global Sourcing Group, among others: (more…)
It’s been an amazing month of football (or soccer!) as the whole world watched the 2014 World Cup in Brazil. Our reporters and photographers did a great job of covering all the nail biting highs and lows that have kept us on the edge of our seats, but there have been many other ways to follow the event through our web sites, social media, tools and technology.
Here’s a look back at how we followed the last month of great sporting moments and creatively gave people a chance to get involved: (more…)
British Prime Minister David Cameron’s plans to renegotiate ties with the European Union (EU) are “wishful thinking”. That was a takeaway from our Reuters Newsmaker with UK Deputy Prime Minister, Nick Clegg, held at our South Colonnade office (May 9) in London.
Reuters journalist and TV anchor Axel Threlfall hosted the ‘standing-room only’ interview and Q&A session. In his opening speech Nick Clegg said that Cameron’s threat to opt out of the Euroean Union, or “Brexit”, put the Prime Minister on a collision course with his backbench Members of Parliament (MPs) and the needs of British business. If re-elected next year, David Cameron would try to renegotiate Britain’s ties to the EU and give the nation a referendum on whether to remain inside the 28-nation bloc.
Clegg said: “You fight Britain’s corner effectively not by going on a whistlestop tour of Europe’s capitals, a list of make-or-break demands in hand. You do it by engaging with our neighbours, forging alliances with like-minded states and winning the argument.”
What would Britain look like if it left the EU? (more…)
What’s your virtual office like?
Our online workspaces are often where we now spend most of our time. At Thomson Reuters we’re less confined to brick and mortar offices, and constantly online and available on our intranet “The Hub”, our laptops and other mobile devices. A great proportion of us are “knowledge workers”, dealing with content, facts and figures, rather than anything in the physical world.
The online connected workspace at Thomson Reuters addresses the primary aspects of our role. According to a study by the McKinsey Global Institute:
- Us knowledge workers spend around 65 percent of our time communicating and collaborating with people;
- 28 percent of our time is spent in our email inbox; and
- 19 percent of our time is taken up trying to find stuff.
Our own research on The Professional Revolution confirms that “new technologies are transforming the workforce and enabling a more mobile global professional.” From our poll, we can see that 58% of satisfied professionals agree that a collaborative work environment is “very important” to their work. (more…)
Smart information design – the basis of good ‘infographics’ and data visualizations – can help users to understand complex data and information much more quickly, and let them drill into areas of interest to them. In some cases, these tools can provide greater insight and depth than text alone. Infographics are the weather forecast graphs in newspapers, the public transport maps used to help you plan your journey in to work, and the graphs and charts representing statistical data used in media reports about trends and the daily business of companies. Our Reuters graphics team publish around 50 graphics a day to our financial and media customers alone.
Maryanne Murray, global head of Graphics in Reuters said: “Both infographics and data visualizations have a role to play. The main difference between the two is how users interact with them – in whether they need an explanation or exploration.”
Infographics explain things. They distill complicated material and present it in a clear, linear way. Since our brains instantaneously recognize patterns (and where they deviate), reading a graphic is the fastest way to take in a trend or statistical outlier. Infographics can also free a story of dense explanatory text, allowing the author to focus on storytelling.
Visualizations, on the other hand, enable readers to interact with huge data sets in a manageable and meaningful way. And critically, they foster further exploration.
Infographics and data visualizations can be found in many areas of our business in printed and digital formats – in articles on Reuters.com, in business and financial reports, and in our desktop products.
Here’s just a few examples: (more…)
Our CEO Jim Smith welcomed World Bank Group President Jim Yong Kim at a Thomson Reuters Newsmaker in London on June 19 to share critical issues posed by climate change. The challenges and business case for going green were covered in a new report from the World Bank, Turn Down The Heat: Climate Extremes, Regional Impacts and the Case for Resilience, launched on June 19.
Jim Yong Kim revealed that a 2 degrees Celsius (3.6 Fahrenheit) rise in temperature, which could be reached in the next 20 – 30 years time based on the current climate trajectory, could have severe implications, particularly for Sub-Saharan Africa, South Asia and South East Asia. According to scientists, ramifications may include: (more…)
The energy debate and how to shape future global policies is an ongoing and important discussion. The British Petroleum (BP) Energy Outlook 2030 report, featured in our infographic, contains BP’s projections for long-term energy trends. It highlights the growing role of developing economies in global energy consumption and how tight oil and shale gas are changing the global energy landscape. It also stresses the need to improve energy efficiency, since it believes demand will increase by 40% by 2030. While only projections, the report more importantly examines the challenges the planet faces, and the choices made in producing and consuming energy.
Global energy markets at your fingertips with Thomson Reuters Eikon for Commodities
An effective Thomson Reuters product for energy professionals is Thomson Reuters Eikon for Commodities, which delivers all the key news on market moving events including the extraction, production, consumption and distribution of energy commodities around the world. Analysts then provide forward-looking research and forecasts and our market respected columnists offer clients unique commentary, insight and detailed technical analysis of the key commodities markets.
Users can conveniently access specialist data from respected providers such as: (more…)