Latest news with #Forbes
India Today
2 hours ago
- Climate
- India Today
Aurora alert: Rare Borealis display predicted over US due to geomagnetic storm
The National Oceanic and Atmospheric Administration (NOAA) has predicted increased Northern Lights activity for Thursday night, forecasting a Kp index of 5 out of 9. This means the aurora borealis may intensify and become visible farther south than on NOAA's three-day space weather forecast, geomagnetic activity is expected to increase Thursday evening and continue into the early hours of Friday, with minor to moderate geomagnetic storms AURORA VISIBILITY LIKELY TO DECLINEWhile auroral activity peaks Thursday night, NOAA expects space weather to calm by Friday and Saturday. The Kp index will dip slightly, just above 3 on Friday then drop to 2 on Saturday, reducing the likelihood of widespread aurora sightings over the TO SEE THE LIGHTS? According to Forbes, a "view line" passes through several northern US states. Areas with a chance to see the aurora include parts of northern Washington, Idaho, Montana, North Dakota, Minnesota, Wisconsin, and Upper Michigan. Northern parts of New York, New Hampshire, Vermont, and Maine may also experience faint activity under perfect TO MAXIMISE YOUR VIEWING EXPERIENCE To boost your chances of seeing the aurora, NOAA recommends heading to high-altitude northern locations with minimal light best viewing window is between 10 p.m. and 2 a.m. local time, under clear for Capturing the Aurora on CameraPhotographers advise using a wide-angle lens with aperture f/4 or lower. The ISO and shutter speeds need to be adjusted according to the aurora's users should enable night mode, use a tripod, and turn off the flash to enhance image clarity.
Forbes
2 hours ago
- Business
- Forbes
Top EY Researcher Says These 3 Things Are Missing For Gen Z Workforce
Building the future of work with Gen Z. The new EY Global Generations Report 2024, based on a survey of over 22,000 individuals across 22 countries, offers critical insights into the evolving ambitions and workplace expectations of Gen Z (those born between 1997-2007). Inside a challenging job market, where both employers and students are questioning the value of a college degree, a non-traditional career path is emerging for high-growth organizations. For business leaders, and Gen Z job seekers, a roadmap to the future of work is being brought to life via a revised understanding of the authentic desires of the youngest generation in the workforce. For companies that want to create greater employee engagement and retention, particularly when working with Gen Z, these three critical elements are where the conversation begins. Marcie Merriman, Cultural Anthropologist at EY. That's according to Marcie Merriman, EY Global People Advisory Services Leader. In an exclusive interview with Forbes, she shared what organizations are missing, when it comes to Gen Z - and how the youngest generation can still find ways to realize their career goals. 'The ambition of Gen Z extends beyond material possessions,' she says via Zoom, referencing the EY study. In the survey, only 31% of Gen Z respondents feel financially secure - but there's more to the story. While nearly 9 out of 10 respondents prioritize financial security, less than two thirds want to 'get rich'. Indeed, wealth can be measured in many ways - including some things that money can't buy. Understanding the values of Gen Z is crucial in the hiring process, for forward-thinking leaders today. "The Gen Z cohort measures success by their mental and physical health, the impact they make, and their ability to live authentically," Merriman says. For Gen Z, this means seeking out roles and cultures that genuinely support their holistic well-being and allow them to connect their daily work to a larger purpose. For organizations, generational expectations demand a rethink on incentive structures and career paths, emphasizing training, leadership development and growth. Contribution, challenge and personal development are places to concentrate. Fostering environments where employees feel genuinely valued, challenged and fulfilled beyond their paychecks isn't easy in the age of AI - but difficult is not the same as impossible. Here are three critical elements that employers need, in order to attract and retain the brightest and best: For Gen Z job seekers, Merriman offers this critical mindset shift for career success: move from a supported to supportive mentality, at work. She says we have to let go of preconceptions around the way the world is supposed to work, so that we can really get to work on what matters. 'Gen Z has lived in a world where the world was designed around serving them,' Merriman says. From parents who tried hard to avert every crisis (including COVID, but it hit us all nonetheless), the feeling that the world is supposed to come to you, support you and protect you is an outdated idea. 'The mindset is, ''I'm supposed to be taught, I'm supposed to be educated.' So whether it's middle school, high school, college, this world is here for my benefit,' she explains. The hard part is shifting into the understanding that the employer is not here for their benefit. 'When you go into an interview, go in with the mindset that you are here to support that employer," she urges. 'In the process of asking questions about what the employer needs and wants, plus how they work, it gives you the opportunity to learn whether this is a place that fits with your values - what a Gen Z employee is looking for.' The interview process, Merriman says, is filled with people jockeying for position - not positioning themselves around authentic and clear communication. And that clarity needs to come from both sides of the desk (or screen, as the case may be). The blueprint for navigating the interview process is leading to disillusionment and frustration, for new hires and hiring managers alike. 'Gen Z's not getting what they thought they would get,' Merriman says. 'Maybe they have a mentality that they could fix it and change it. The employer's not getting what they wanted because they've sold something different. Often they're selling a different value proposition than what they're delivering. There's also a requirement of that paradigm shift around honesty: why you are in that space and is that reason a good fit with what you want as an individual?' she explains. Acceptance, for employers and Gen Z workers, is key. From an understanding of what's expected, needed and required, the best companies arrive at the ability to navigate the future of work. And that acceptance goes both ways, when new hires don't reach into a bag of 'interview tricks and techniques' in order to get the job, because they can accept the importance of serving and supporting an employer. If you are presenting an interview persona, and not an authentic person, the hiring process is not going to lead to aligned outcomes for either party. Authenticity is key, for employers and employees at every level. Being able to authentically accept who you are (as an organization, as an employee) and express those puts and takes with acceptance, candor and courage is vital to effective communication. And for Gen Z in the workforce today, adaptability begins with deeper understanding of what employers really need.
Time of India
5 hours ago
- Automotive
- Time of India
Shubhranshu Singh and Sumit Virmani in Global Most Influential CMOs list: Cannes Lions 2025
India's marketers made a significant mark on the global stage at Cannes Lions 2025 . Two prominent Indian marketing leaders, Shubhranshu Singh , global CMO of Tata Motors Commercial Vehicles and Sumit Virmani of Infosys, are named in a prestigious Forbes compilation that records the 2025 list of the World's Most Influential CMOs . The announcement, made at the ongoing Cannes Lions International Festival of Creativity, underscores the rising impact of Indian marketing leaders in redefining the modern CMO role through innovation, data-led strategies, and cultural resonance. Singh's inclusion on this esteemed annual list highlights his significant contributions to building brand equity for Tata Motors Commercial Vehicles. He is particularly recognised for his deep cultural insights, category leadership, and an unwavering focus on national and business purpose. "Under his guidance, Tata Motors has executed transformative campaigns that have successfully positioned the company as a forward-looking and trusted name in commercial mobility," the report said. Further solidifying his influence, earlier this week, Singh also joined the inaugural board of the Effie LIONS foundation. This global marketing apex organization, incorporated as a not-for-profit in New York, aims to educate and empower the next generation of marketing talent globally, with a particular emphasis on underrepresented communities. Sumit Virmani, global chief marketing officer at Infosys, also features prominently on the Forbes list, a testament to his transformative leadership in the technology sector. Virmani is credited with significantly enhancing Infosys' global brand ambitions and helping it navigate into the league of the world's top 100 brands, evolving into one of the fastest-growing IT services brands globally. "His approach emphasises a creatively-driven, human-first strategy in B2B marketing, placing strategic priority on customer experience. Under his leadership, Infosys has made significant investments in global partnerships, notably in tennis, providing in-match analytics and insights to enhance personalized fan experiences, and more recently, expanding into Formula E Racing to illustrate mission-critical solutions to B2B customers. Virmani is also a staunch proponent of business's role in driving positive social impact, even amidst pushback on ESG and DEI efforts in some international markets," the report said. The Forbes World's Most Influential CMOs List, now in its 13th year, is a rigorous evaluation of marketing leaders based on criteria such as digital engagement, campaign effectiveness, brand and community engagement, media visibility, and overall business impact. The presence of both Singh and Virmani on this global roster places them alongside some of the most impactful marketing voices from around the world.
Morocco World
5 hours ago
- Business
- Morocco World
Four Moroccan Companies Among Forbes Top 100 Listed Companies 2025
Rabat — Forbes Middle East's Top 100 Listed Companies 2025 featured four Moroccan businesses, including banking institution Attijariwafa Bank, Maroc Telecom, Bank of Africa, and BCP. Attijariwafa Attijariwafa Bank is ranked 26 out of the 100 businesses listed by Forbes. With a market value of $15.4 billion and sales of $5.2 billion, the bank has established a name for itself in the list for its workforce and services for over 12 million customers across more than 7,200 branches. 'Attijariwafa Bank operates in 27 countries through majority-owned banking subsidiaries. In September 2024, the bank launched an investment fund dedicated to energy efficiency projects across Africa in partnership with Econoler. Al Mada is the bank's largest shareholder with a 46.5% stake,' Forbes said . The bank is managed by its chairman and CEO, Mohamed El Kettani. BCP Group Forbes listed Morocco's BCP Group 39th on the list. The group, chaired by CEO Naziha Belkeziz, has a market value of $5.9 billion and profits of $536 million. 'In May 2024, the group entered into a $70 million risk-sharing agreement with the African Development Bank to support private-sector financing and enhance trade in Africa,' Forbes wrote , noting that the bank served 8.6 million customers as of December 2024. Bank of Africa One of Morocco's billionaires, Bank of Africa's CEO Othman Benjelloun, is also on the list. His group ranked 50 out of 100. The company's market value stands at $4.7 billion, according to Forbes, which also identified the company's profits at $537 million and assets of $45.6 billion. The banks' sales are estimated at $2.99 billion. Forbes Middle East said the bank has 6.6 million customers, 2,0000 points of sale, and employs 15,000 people across 32 countries. Maroc Telecom Maroc Telecom ranks 63, with a market value of $10.9 billion, sales of $4 billion, profits of $287 million, and assets estimated at $7.6 billion. 'Established in 1998 after the split of the National Post and Telecommunications Office, Maroc Telecom is Morocco's primary telecommunications operator with a customer base of 80 million customers,' Forbes wrote . The company's leadership includes former Minister of Economy Mohamed Benchaaboun, who was appointed as the new chairman of the company's executive board in February. Benchaaboun replaced Abdesla Ahizoune, whose term expired after 27 years at the helm of the communication operator. Benchaaboun joins Maroc Telecom after serving as Director General of the Mohammed VI Investment Fund, a position he has held since October 2022. His extensive career includes roles as Morocco's Ambassador to France, Minister of Economy and Finance, CEO of Banque Populaire Group, and, notably, head of the National Telecommunications Regulatory Agency (ANRT). Forbes said it picked up its statistics from main markets in the Arab stock exchanges, ranking the companies based on their performances like sales, assets, and profits for the 2024 financial year, as well as based on their market value as of April 2025.
The Citizen
6 hours ago
- Business
- The Citizen
Global Wealth Report: More dollar millionaires in SA, but also bigger inequality
The latest Global Wealth Report shows that the world became richer but it is a mixed picture, with most of the growth in North America. The Global Wealth Report for 2025 shows an increase in global wealth, but unfortunately South Africa did not share in this growth, while the country continues to be one of the most unequal countries in the world. It did, however, see an increase in dollar millionaires. UBS, a wealth manager and universal bank in Switzerland, compiles the Global Wealth Report with insights into personal wealth. The latest edition analyses 56 markets, estimated to represent over 92% of the world's wealth. The world's wealth landscape continued to evolve In a year marked by shifting economic tides and the data in the report echoes this. According to the report, global wealth increased by 4.6% in 2024 after a 4.2% increase in 2023, but it also shows that South Africa experienced negative real growth in average wealth per adult in 2023 and 2024. South Africa finds itself among the countries in negative territory for average as well as median wealth growth, alongside countries such as India, the UAE and Turkey. ALSO READ: SA still the most unequal country in the world – Oxfam Global Wealth Report shows inequality in SA In addition, South Africa ranked third-highest in the world for wealth inequality, with a Gini Coefficient of 0.81, just behind Brazil (0.82) and Russia (0.82), and equal to the UAE. This chart shows the wealth inequality in the world: ALSO READ: Six South Africans on Forbes Real-Time Billionaire list Global Wealth Report also had good news for SA However, South Africa did see a positive increase in dollar millionaires with a growth rate just under 2% but still indicating increasing upper-tier wealth and supporting the wider Everyday Millionaire trend. As an emerging market, South Africa is listed as one of the 15 emerging economies that collectively hold up to 30% of global wealth as of 2024, a statistic that has remained relatively flat since 2017. Iqbal Khan, co-president of UBS Global Wealth Management, says the speed of growth was far from uniform, largely tilted towards North America, with the Americas overall accounting for the majority of the increase, with more than 11%. 'A stable US dollar and buoyant financial markets were key contributors to this growth. Asia-Pacific and Europe, the Middle East and Africa (EMEA) were lagging behind, with growth rates of below 3% and less than 0.5% respectively.' ALSO READ: Where do the super-rich in SA live? Trends identified in the Global Wealth Report The 16th edition of the Global Wealth Report highlights these regional and demographic themes: Adults in North America were the wealthiest on average ($593 347) in 2024, followed by Oceania ($496 696) and Western Europe ($287 688). However, measured in US dollar, in real terms over half of the 56 markets in the sample not only did not take part in the world's growth last year, but saw their average wealth per adult decline. Despite this, Switzerland continued to top the list for average wealth per adult on an individual market level, followed by the US, Hong Kong and Luxembourg. Denmark, South Korea, Sweden, Ireland, Poland and Croatia recorded the biggest increases in average wealth, all growing at double-digit rates when measured in local currencies. The number of dollar millionaires increased by 1.2% in 2024, an increase of more than 684 000 people compared to the previous year, with the US adding over 379 000 new millionaires – more than 1 000 a day. The US, mainland China and France had the highest number of dollar millionaires, with the US accounting for almost 40% of global millionaires. There has been a marked and consistent increase in wealth all across the world over the past 25 years, both overall and in each main region individually. Total wealth increased at a compound annual growth rate of 3.4% since 2000. This decade, the wealth band below $10 000 ceased to be the most populated one in the sample, overtaken by the next-higher band between $10 000 and $100 000. Over the next five years, the report's projections for average wealth per adult point to continued growth, with the expansion led by the US as well as Greater China, Latin America and Oceania. ALSO READ: Bill Gates explains why his children will inherit less than 1% of his wealth This chart shows the change in total personal wealth from 203 to 2024: Khan also points out that this year's report highlights the rise of the Everyday MILLIonaire (EMILLIs), everyday millionaires with investable assets of between $1 million to $5 million. Their numbers have more than quadrupled since 2000, reaching around 52 million globally by the end of last year. This group now accounts for approximately $107 trillion in total wealth, approaching the $119 trillion held by individuals with over $5 million in assets. Khan says the growth of this segment has largely been driven by increasing real estate prices and exchange rate effects. 'Despite regional differences, the long-term upward trend in the Everyday Millionaire group is visible around the globe.' ALSO READ: Want to build wealth? This is how Differences in wealth distribution among generations The Global Wealth Report also highlights the differences in wealth distribution among generations in the US. It shows that Millennials (born after 1981) have the highest proportion of their assets in consumer durables and real estate and invest more heavily in private businesses. Baby Boomers (born between 1946 and 1964) hold over $83 trillion in net wealth, far surpassing Generation X (born between 1965 and 1980), the Silent Generation (born before 1945) and Millennials. Khan points out that globally, wealth allocation also varies, with the US standing out with its high allocation in financial investments, Australia in real estate and Singapore in insurance and pensions. 'Over the next 20–25 years, more than $83 trillion is expected to be transferred, with $9 trillion moving horizontally between spouses and $74 trillion moving between generations. The largest volume of wealth transfers is anticipated in the US of over $29 trillion, Brazil with nearly $9 trillion and mainland China with more than $5 trillion). ALSO READ: Wealth gap widens, ANC dodges wealth tax Global wealth expected to grow Robert Karofsky, co-president of UBS Global Wealth Management, says with global wealth expected to continue to grow, the ability to manage that wealth in a dynamic and complex financial environment becomes even more important, requiring strategic foresight and expert guidance. Paul Donovan, chief economist at UBS Global Wealth Management, notes that wealth is not just an economic measure but a social and political force. 'As we navigate the fourth industrial revolution and increasing public debt, the way wealth is distributed and transferred will shape opportunity, policy and progress. 'This year's report underscores the evolutionary shifts in wealth ownership, especially the growing influence of women and the enduring importance of property and long-term asset trends.'
