Search Results for: government

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

by • Business, News, Technology

Switzerland retains its long-standing position as the world’s most innovative economy, followed closely by the United States, Sweden, the United Kingdom, and SingaporeIn Orson Welles’ famous scene-stealing cameo in The Third Man, his character Harry Lime comes out with that (in)famous speech about Swiss culture. “In Italy for thirty years under the Borgias, they had warfare, terror, murder, and bloodshed, but they produced Michelangelo, Leonardo da Vinci, and the Renaissance,” he says. “In Switzerland, they had brotherly love, they had five hundred years of democracy and peace, and what did that produce? The cuckoo clock.” This does the Swiss a disservice in a number of ways, not least that a major new report claims that Switzerland is maintaining a long tradition as the most innovative country in the world. (more…)

Mitsubishi Estate announces £800 million London Southbank mixed use development

Mitsubishi Estate announces £800 million London Southbank mixed use development

by • News, Property

The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.Mitsubishi Estate has announced plans to invest £800 million in the redevelopment of the former ITV Studios site on London’s South Bank, a project that is expected to create 4,000 jobs and provide significant new space for the capital’s creative industries. The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.

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Global commission on healthy indoor air launches at United Nations

Global commission on healthy indoor air launches at United Nations

by • Facilities management, News, Wellbeing, Workplace design

The Global Commission on Healthy Indoor Air has been formed to drive action on indoor air qualityA new international initiative was launched in New York during Climate Week to address what experts describe as one of the most overlooked public health issues of our time. The Global Commission on Healthy Indoor Air has been formed to drive action on indoor air quality, bringing together nearly 170 leaders from over 30 countries across health, academia, business and the built environment. The Commission was announced at a United Nations side event and is backed by the International WELL Building Institute. Its members include former United States Surgeon General Dr Richard Carmona, leading scientists and researchers, deans of major universities, as well as executives and sustainability leaders from real estate, technology, and manufacturing. Architecture, engineering and building science are also strongly represented, reflecting the cross-disciplinary nature of the challenge. (more…)

Revolut opens new London HQ as part of long term plan for the UK financial services sector

Revolut opens new London HQ as part of long term plan for the UK financial services sector

by • News, Property

Fintech firm Revolut has announced the opening of its new global headquarters in London, underlining a week that has seen more than £110 billion committed to the UK financial services sector.Fintech firm Revolut has announced the opening of its new global headquarters in Canary Wharf, in a week that has seen more than £110 billion committed to the UK financial services sector. The company confirmed it will invest £3 billion over the next five years and create around 1,000 new skilled jobs. (more…)

Carbon capture could help turn CO2 into fuels, chemicals and building materials

Carbon capture could help turn CO2 into fuels, chemicals and building materials

by • Environment, News

The report, Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways, outlines how industries could transform captured carbon dioxide into fuels, chemicals and building materialsA new report from the World Economic Forum warns that current plans for carbon capture and utilisation (CCU) fall well short of what is needed to meet global climate goals. The study, launched today in collaboration with Wood Mackenzie, concludes that planned CCU projects represent only around six percent of the scale required by 2040 to align with international targets. The report, Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways, outlines how industries could transform captured carbon dioxide into fuels, chemicals and building materials, creating new markets while cutting emissions. It argues that CCU has the potential to convert carbon from a liability into an asset, generating jobs and value chains across multiple sectors. However, it warns that without stronger policy signals and investment, the opportunity will remain unrealised. (more…)

Climate health risks threaten global productivity, warns WEF

Climate health risks threaten global productivity, warns WEF

by • Environment, News

Climate-related health impacts could strip at least $1.5 trillion from global productivity by 2050, according to a new report from the World Economic ForumClimate-related health impacts could strip at least $1.5 trillion from global productivity by 2050, according to a new report from the World Economic Forum (WEF). The study warns that food and agriculture, the built environment, and health and healthcare are among the sectors most at risk unless businesses take urgent steps to adapt. The report, Building Economic Resilience to the Health Impacts of Climate Change, produced in collaboration with Boston Consulting Group, highlights the growing economic burden of heat stress, infectious disease and other climate-driven health threats. It argues that protecting workforce health is now a strategic priority, not only for humanitarian reasons but also to safeguard business continuity and economic stability. (more…)

Merck scraps plans for £1 billion London research centre in blow to life sciences sector

Merck scraps plans for £1 billion London research centre in blow to life sciences sector

by • News, Property

US pharmaceutical company Merck, known as MSD in Europe, has withdrawn a planned £1 billion investment in a new discovery centre in London, citing the UK’s challenging environment for life sciencesUS pharmaceutical company Merck, known as MSD in Europe, has withdrawn a planned £1 billion investment in a new discovery centre in London, citing the UK’s challenging environment for life sciences. The decision will result in the closure of discovery research operations in the country and the loss of 125 jobs, although other research activities will continue. The facility, a 25,000 square foot headquarters in the Knowledge Quarter near King’s Cross, had been under construction and was due to open in 2027. The cancellation comes at a time when the government has identified life sciences as a key growth sector in its industrial strategy, with ambitions to make the UK Europe’s leading life sciences economy by 2030 and the third most significant globally by 2035. (more…)

Large companies see slowdown in adoption of AI tools

Large companies see slowdown in adoption of AI tools

by • AI, News

Drawing on the US Census Bureau’s fortnightly survey of more than one million firms, the research shows a downward trend in reported adoption of AI tools among businesses with 250 or more employeesNew analysis from Apollo Academy suggests that large organisations may be losing momentum in their use of artificial intelligence tools. Drawing on the US Census Bureau’s fortnightly survey of more than one million firms, the research shows a downward trend in reported adoption among businesses with 250 or more employees. The survey asks firms whether they have used AI tools in the previous two weeks, including machine learning, natural language processing, virtual agents and voice recognition. While overall use of AI across the economy has grown steadily in recent years, the latest figures indicate that the largest companies are no longer leading the charge. Instead, their adoption rates appear to have stalled or declined slightly. (more…)

In spite of some headlines, hybrid working is not in decline in the US

In spite of some headlines, hybrid working is not in decline in the US

by • Flexible working, News

Gallup’s latest research on working patterns among remote-capable employees in the United States suggests that hybrid working is proving far more resilient than some headlines about a wholesale return to the office would implyGallup’s latest research on working patterns among remote-capable employees in the United States suggests that hybrid working is proving far more resilient than some headlines about a wholesale return to the office would imply. The data shows that hybrid work remains the dominant arrangement and has not significantly declined, even as political and organisational pressure grows to increase in-person attendance. The survey finds that just over half of employees who can work remotely are now in hybrid arrangements. This represents a slight decline from the previous two quarters, falling from 55 percent to 51 percent. (more…)

Councils discover hundreds of staff secretly hold second full-time jobs

Councils discover hundreds of staff secretly hold second full-time jobs

by • Flexible working, News

At least 288 local authority employees have been caught working second full-time jobs since 2020, often without informing their councils, according to new dataAt least 288 local authority employees have been caught working second full-time jobs since 2020, often without informing their employer, according to new findings from Witan Solicitors. The figures, obtained through Freedom of Information requests to more than 300 councils in England, show that 46 staff were either dismissed or formally disciplined after being discovered to have taken on additional full-time roles. So-called “overemployment” is a growing trend on platforms such as TikTok and Reddit, where users share tips on how to juggle multiple jobs undetected. Common tactics include the use of “mouse jigglers” to simulate activity and strategies for avoiding documentation that could attract attention. (more…)

CBRE reports strong demand for premium office space and record data centre growth in the UK

CBRE reports strong demand for premium office space and record data centre growth in the UK

by • News, Property

the office market is benefiting from strong demand for premium office space and renewed overseas investment, the life sciences sector is seeing steady growth in funding but slower movement in transactions. At the same time, the data centre market is entering a period of exceptional expansionThe UK’s commercial property market is showing sharply contrasting performances across key sectors at the midpoint of 2025, according to CBRE’s latest UK Real Estate Market Outlook Mid-Year Review. While the office market is benefiting from strong demand for premium office space and renewed overseas investment, the life sciences sector is seeing steady growth in funding but slower movement in transactions.

At the same time, the data centre market is entering a period of exceptional expansion, with record levels of take up forecast and new developments extending beyond traditional hubs. The findings highlight how underlying supply constraints, shifting occupier needs and targeted government support are reshaping investment priorities across the country.

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Employers face flexible working challenge to meet demands of new employment bill

Employers face flexible working challenge to meet demands of new employment bill

by • Flexible working, News

A survey by HR software provider Ciphr suggests that improved access to flexible working is likely to be the most difficult provision to manage.Employers are expected to face major implementation hurdles as the government’s new Employment Rights Bill begins to reshape workplace practices. A survey by HR software provider Ciphr suggests that improved access to flexible working is likely to be the most difficult provision to manage. In a poll of 300 HR decision-makers across the UK, 22 percent said that changes to flexible working arrangements—making it the default where practical—would present the biggest challenge in terms of time, resources and cost. Respondents also raised concerns about stronger legal protections for workers involved in industrial action (21 percent) and the extension of the employment tribunal claim window from three to six months (17 percent). (more…)

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