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The Latest Breaking News from McKinsey

Why McKinsey & Co. Predicts Metaverse Valuation Will Soar To $5 Trillion by 2030

McKinsey & Company, a global consulting firm, announced that they see the metaverse growing into a $5 trillion economy by the year 2030.

Benzinga

Veterans 'failed' by govt, commission told

Ex-veteran affairs minister Darren Chester has faced a royal commission and been questioned about outstanding reforms during his tenure.

AAP

The Battle to Build a Child-friendly Metaverse

As a young woman straps on her vest and headset and becomes immersed in a virtual world, Mainak Chaudhuri talks excitedly about the potential of the technology. "This is the first step towards the metaverse," Chaudhuri of French start-up Actronika told AFP at this week's VivaTech trade show in Paris.…

Asharq Al-Awsat

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‘Oh my God, buy it!’ China’s livestream shopping stars risk being censored

Online sales stars enjoy huge influence but can fall foul of the authorities and vanish from the retail multiverse

The Guardian - UK

Nina Bhatia: the woman taking John Lewis from homewares to housing

The store’s strategy director aims to be making 40% of profits from outside retail – including rental properties – by 2030

The Guardian - UK

Metaverse Spending to Total $5 Trillion in 2030, McKinsey Predicts

Businesses' and consumers' annual global spending related to the metaverse could reach $5 trillion by 2030, according to a new report from consulting firm McKinsey & Co.

Bangkok Post

Health care consumers feeling economic sting

During the pandemic, Americans aged 50 to 64 said they've been skipping medications, cutting back on food and utilities to cover their medical needs. And they're increasingly worried about covering their future bills, according to newly released Gallup polling.

Axios

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The RazReport Podcast: The Future Of Crypto Trading with Jakub Rehor, Co-Founder and CIO of Lucy Labs

In this edition of the RazReport we have Jakub Rehor Co-Founder and CIO of Lucy Labs. Jason Raznick:Welcome to the RazReport Podcast Jakub, lets start with basics, where did you grow up?

Benzinga

French police search McKinsey's Paris office in tax fraud probe

Police on Tuesday searched the Paris office of US management consultancy McKinsey as part of an investigation into suspected tax fraud, the financial prosecutor's office said.

Radio France Internationale

Police search consultancy McKinsey’s office in Paris in tax fraud investigation

Police searched on Tuesday the Paris office of US management consultancy McKinsey in relation to an investigation into suspected tax fraud, the financial prosecutor's office said.

France 24

‘No reward or recognition’: why women should say no to ‘office housework’

Accepting too many necessary yet thankless tasks is holding all women back, say the authors of The No Club

The Guardian - UK

First Thing: Putin warns Ukraine allies against intervention

Russian leader says any country that intervenes will be hit with ‘lightning-fast’ retaliation as UK calls for more support for Kyiv. Plus, global measles cases surge by 80% in a year

The Guardian - UK

McKinsey denies illegally hiding work for opioid-maker Purdue Pharma while advising FDA

Consulting firm was protecting client confidentiality, chief says, and wasn’t obliged to disclose work advising drug manufacturer

The Guardian - US

McKinsey exec faces questions on opioid, FDA consulting work

A top McKinsey executive is answering congressional questions about his company’s consulting work for the Food and Drug Administration even as it advised opioid drugmakers on boosting sales

The Independent UK

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ABC News

Veterans boss raised concerns about private consultants interviewing families about department's performance

Australia's Veterans' Affairs boss warned against attempts to investigate her department's processing of claims, telling the minister last year she would "not support" an approach that specifically focused on families who had lost a relative to suicide.

Axios

The urgent need for "infrastructure czars"

With billions at stake, maximum coordination is needed.

France 24

'Screwed' either way: Macron-Le Pen presidential duel leaves young, leftist Mélenchon voters cold

French far-leftist Jean-Luc Mélenchon on Sunday fell just short of advancing to the presidential run-off, leaving far-right flagbearer Marine Le Pen to challenge Emmanuel Macron again for France's top job. But among 18- to 25-year-olds it was Mélenchon, 70, who won the night with 29 percent of their vote. What…

Radio France Internationale

French prosecutors to probe McKinsey consultancy over alleged tax fraud

French financial prosecutors have opened a preliminary investigation into suspected tax fraud by the American management consulting firm McKinsey.

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Daily Mirror

High-flying medical graduate killed himself after struggling with long Covid

Medic Abhijeet Tavare, who joined the world-famous McKinsey management company after graduating, was found by his friends who went looking for him on the middle of the night

The Guardian - AU

What would following Australia’s ‘leadership’ on the climate crisis actually look like?

The Morrison government is touting their climate credentials but analysts say following Australia’s path would see 3C or more of global heating

The Guardian - UK

Tax fraud inquiry into consultancy firms launched as French election looms

Prosecutors open inquiry after ‘McKinsey affair’ row over public spending on consultants

France 24

'McKinsey Affair': Prosecutors probe French state's use of private consultancy firms

France's financial prosecutor said on Wednesday it had opened a preliminary investigation into the role of private consultancy firms used by the state and into possible tax fraud, just days ahead of the first round of France's presidential election.

Radio France Internationale

Macron warns against Brexit-like upset at giant campaign rally in Paris

Emmanuel Macron promised more "progress" and "solidarity" over the next five years at his first, and only, big meeting on Saturday in his race for reelection. He also waved the spectre of a Brexit-like debacle to rally dispirited voters.

The Independent UK

Macron's re-election push troubled by 'McKinsey Affair'

French President Emmanuel Macron is holding his first big rally Saturday in his race for re-election

France 24

McKinsey affair ‘galvanises’ Macron’s opponents – but gives them a ‘weak weapon’

As Emmanuel Macron enjoys a substantial poll lead ahead of April’s French presidential vote, his opponents are trying to capitalise on revelations that spending on consultancy firms soared to nearly €1 billion during his presidency. But the controversy looks unlikely to torpedo his re-election campaign.

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