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Commercial Real-Estate Woes Run Deeper Than in Past Downturns

Landlords are contending with a cyclical market downturn and with secular changes in the way people work and live. Landlords are contending with a cyclical market downturn and with secular changes in the way people work and live. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

Copper Shortage Threatens Green Transition

Metal markets seem to think copper is the new lithium. A lack of new mining activity has added to worries that there won’t be enough of the red metal for the energy transition, a popular topic at this week’s World Copper Conference in Santiago, Chile.South America currently dominates copper production and Chile is the largest mined producer. Increasing mine output has proved a challenge, prompting a wave of deal making in the industry and warnings of a serious supply shortfall over the next decade.…

McKinsey, Bain Delay Some M.B.A. Start Dates to 2024

Consulting giants McKinsey & Co. and Bain & Co. are delaying start dates for new M.B.A. hires, or in some cases paying them thousands of dollars to put off starting their jobs.Consulting firms are among the biggest recruiters of business-school talent. Delaying the start dates for so many fresh grads is causing anxiety on campuses and suggests these businesses may have wider concerns about the economy. Bain told M.B.A.s with offer letters that if they waited to start until April 2024, the firm would pay them…

As National Parks Visits Surge, Booz Allen Benefits

Visitors driving into Montana’s Glacier National Park this summer must buy a vehicle pass on Recreation.gov. The pass is free, but visitors pay a $2 fee to book the reservation.Visitors might assume that, like entrance fees, the reservation charges help pay for improving trails around the park’s Running Eagle Falls or expanding the park’s volunteer program. But a chunk of the money ends up with consulting firm Booz Allen Hamilton Inc. Booz Allen runs Recreation.gov, the website and app where…

Top Companies for Social Responsibility

Accenture PLC has the highest score for social responsibility among the latest Management Top 250, followed by HP Inc. and Intel Corp. The Management Top 250 ranking, developed by the Drucker Institute, measures corporate effectiveness by examining performance in customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. Accenture PLC has the highest score for social responsibility among the latest Management Top 250,…

McKinsey Is Shutting Down Its Restructuring Business

Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar with the matter said. McKinsey has announced internally that its restructuring division would close, the people said. The consulting firm laid off some partners in its restructuring unit, called McKinsey RTS, while others are being absorbed into other practices, they said.…

The Class of 2023 Faces a Jittery Job Market: ‘The World Seems to Have Flipped on Its Head.’

The Class of 2023 is getting ready to enter a job market that is suddenly less eager to hire new grads.Many employers are taking a go-slow approach to employing graduating seniors this year, college career offices say. The cautiousness marks a sharp reversal from the past two years, when companies often made offers barely weeks after school began and staged bidding wars over interns and graduating seniors.  Some of the companies that have laid off thousands of workers in recent months—including…

China Detains Japanese Employee From Drugmaker Astellas

HONG KONG—Chinese authorities have arrested an employee of Japanese drugmaker Astellas Pharma Inc., ALPMY 0.38% the second detention of foreign company staff to have surfaced in recent days and when Beijing is seeking to reassure the business community of its commitment to an open policy. China informed the Japanese Embassy that one of its nationals, a man in his 50s, had been detained in Beijing, Japan’s chief spokesman…

Accenture to Cut 19,000 Jobs as IT Spending Slows

Accenture PLC is cutting about 19,000 jobs, or 2.5% of its workforce, over the next 18 months as the professional-services company looks to slash costs and streamline operations amid slowing IT spending.The company, which offers IT consulting and other corporate services, said in a Thursday filing that most of the employees expected to be affected will be in nonbillable corporate roles. Accenture said it is still hiring to support “strategic growth priorities.”  The company said it expects…