Markets

European fintech faces an ‘existential crisis’ as funding has dropped ‘from surplus to scarcity,’ McKinsey report says

European fintech faces an “existential crisis” because the COVID-19 pandemic poses serious challenges for continued funding, according to a report by consultant McKinsey. Venture capital funding has become more scarce, despite the fintech sector having grown rapidly by over 25% from 2014 onwards. The scale of funding dropped by 11% […]
European fintech faces an ‘existential crisis’ as funding has dropped ‘from surplus to scarcity,’ McKinsey report says
Strategy

Sheryl Sandberg has a key piece of advice for managers working to fix the broken rung on the corporate ladder for Black women

Companies are promising to hire more Black workers and increase diversity within senior leadership teams, but Facebook COO Sheryl Sandberg told Business Insider these plans will fall flat unless executives address the “broken rung” on the corporate ladder. The “broken rung” refers to the phenomenon where women, especially Black women […]
Sheryl Sandberg has a key piece of advice for managers working to fix the broken rung on the corporate ladder for Black women
Markets

McKinsey economists lay out 9 potential coronavirus recession scenarios — ranging from a summer recovery to a ‘black swan of black swans’

Uncertainty surrounding the coronavirus and its future course drove McKinsey partners to model nine economic outcomes for recovery. The firm currently expects one of its four more optimistic scenarios to play out, with social distancing measures driving rapid containment of the outbreak and bringing national economies back online before the […]
McKinsey economists lay out 9 potential coronavirus recession scenarios — ranging from a summer recovery to a ‘black swan of black swans’
News

AUDIO: Listen to the week’s top business news stories

Here are four of Business Insider’s top stories of the week, presented in audio format. 1. 2020 will be the year that defines Netflix’s future. Analysts break down the 5 big challenges it faces. Next year will be a defining one for Netflix, which will face more competition than ever […]
AUDIO: Listen to the week’s top business news stories
Strategy

These are the industries most likely to be taken over by robots

Lots of jobs involve tasks that could be taken over by robots. Bridgewater Associates, the most successful hedge fund in the world, recently highlighted a 2016 study by McKinsey & Company that analysed what industries are most susceptible to automation. Jobs with lots of manual labour in a predictable environment […]
These are the industries most likely to be taken over by robots