Category: 3. Business

  • Predictive value of the combined triglyceride-glucose and frailty index for cardiovascular disease and stroke in two prospective cohorts | Cardiovascular Diabetology

    Predictive value of the combined triglyceride-glucose and frailty index for cardiovascular disease and stroke in two prospective cohorts | Cardiovascular Diabetology

    This investigation elucidates a robust and independent relationship between the combined TyG and FI indices and the risk of both CVD and stroke. Utilizing two large, nationally representative cohorts—CHARLS and NHANES—our analysis demonstrates that elevated TyGFI levels are consistently associated with increased odds of adverse cardiovascular outcomes. Furthermore, this association exhibits a clear dose–response pattern, as participants within the highest TyGFI quartiles experienced significantly greater risk elevations. Importantly, these findings remained stable after rigorous adjustment for a wide array of demographic, clinical, and lifestyle confounders. The observed associations were further corroborated through subgroup analyses, which revealed consistent effects across diverse demographic and clinical strata. Collectively, these results emphasize the potential clinical relevance of the TyGFI as an integrative risk marker for cardiovascular disease prevention and management. The association between higher TyGFI levels and increased risks of CVD and stroke likely reflects the combined effects of metabolic dysfunction and frailty on vascular health. Individuals in higher TyGFI quartiles had worse metabolic profiles, including higher BMI, glucose, HbA1c, and unfavorable lipid levels—all known risk factors for atherosclerosis. The clear dose–response pattern in both CHARLS and NHANES supports TyGFI as a reliable tool for cardiovascular risk stratification, even after adjusting for various confounders. Subgroup analyses further show that TyGFI can amplify risk in the presence of traditional factors like hypertension, diabetes, and dyslipidemia. The consistent findings across two large and diverse cohorts highlight TyGFI’s broad applicability and potential clinical value.

    Extensive research has established the TyG as a reliable surrogate marker for insulin resistance and a significant predictor of adverse cardiovascular and cerebrovascular outcomes. Prior studies have consistently demonstrated that elevated TyG levels are associated with increased risks of ASCVD, stroke, and mortality [9, 31,32,33,34]. Ding et al. (2021) confirmed that individuals with higher TyG levels were more likely to develop cardiovascular events, even in the absence of baseline CVD [35]. Cui et al. further highlighted the prognostic value of TyG, particularly in populations with compromised renal function [36]. In addition, Chen et al. reported a strong association between TyG and both all-cause and cardiovascular mortality [33]. In the domain of stroke research, elevated TyG has also been linked to increased incidence, recurrence, and poor prognosis. Yang et al. identified a significant association between higher TyG levels and the risk of ischemic stroke and its recurrence [37], while Cai et al. demonstrated that TyG was independently associated with in-hospital and ICU mortality in patients with critical stroke [31]. Moreover, longitudinal analyses conducted by Wu et al. and Huang et al. emphasized that persistent or increasing TyG trajectories over time were significantly correlated with elevated stroke risk [17, 38, 39]. These findings underscore the importance of TyG as a long-term indicator of metabolic risk. Emerging evidence has also begun to clarify the potential mechanisms behind these associations. Huo et al. showed that TyG mediated a substantial proportion of the relationship between body mass index and stroke, suggesting its involvement in key pathophysiological pathways linking obesity to vascular injury [19].

    Mechanistically, the TyGFI index reflects a synergistic interplay between metabolic dysfunction and systemic physiological decline, both of which are central drivers of cardiometabolic vulnerability. The TyG index, a validated surrogate marker of insulin resistance, is associated with chronic low-grade inflammation, vascular endothelial dysfunction, and mitochondrial impairment. These pathological processes are likely mediated through the activation of nuclear factor kappa-light-chain-enhancer of activated B cells (NF-κB) and Janus kinase/signal transducer and activator of transcription (JAK/STAT) signaling pathways, which induce the expression of pro-inflammatory cytokines such as tumor necrosis factor-alpha (TNF-α), interleukin-6 (IL-6), and C-reactive protein (CRP). Simultaneously, insulin resistance downregulates key mitochondrial regulators including peroxisome proliferator-activated receptor gamma coactivator 1-alpha (PGC-1α) and sirtuin 1 (SIRT1), leading to impaired oxidative phosphorylation and cellular energy homeostasis [40,41,42,43]. Simultaneously, the FI has been mechanistically linked to dysfunction of cluster of differentiation 4–positive (CD4⁺) T cells, reduced levels of insulin-like growth factor 1 (IGF-1) and dehydroepiandrosterone sulfate (DHEA-S), as well as the accumulation of mitochondrial DNA (mtDNA) damage—all of which contribute to diminished physiological reserve and impaired stress adaptation capacity [44,45,46,47]. Moreover, emerging evidence underscores vascular endothelial dysfunction—defined by impaired nitric oxide (NO) bioavailability, increased arterial stiffness, and premature vascular aging—as a convergent pathological mechanism underlying both insulin resistance and frailty [48]. This mechanistic overlap provides a strong biological rationale for the multiplicative TyG × FI interaction: insulin resistance may amplify the vascular and inflammatory vulnerabilities conferred by frailty, while frailty may, in turn, exacerbate the systemic effects of metabolic stress. Meanwhile, recent findings by He et al. demonstrated that progression in frailty status significantly increased the risk of cardiovascular events, independent of traditional metabolic risk factors [17]. However, few investigations have attempted to combine metabolic and functional indicators into a single index.

    Overall, this study exhibits multiple methodological and conceptual strengths that reinforce the robustness, generalizability, and clinical relevance of its findings. Notably, the utilization of two nationally representative and demographically distinct cohorts—CHARLS from China and NHANES from the United States—ensures broad external validity across populations with diverse sociocultural, genetic, and healthcare backgrounds. The consistency of results across these cohorts enhances the credibility of the observed associations and addresses an important limitation in prior cardiovascular research [34, 36, 49, 50].

    Moreover, the study advances the field by proposing a novel composite risk indicator—TyGFI—that integrates the well-validated TyG, a surrogate marker of insulin resistance, with FI, a widely accepted measure of cumulative physiological deficits. While both TyG and FI have been independently associated with cardiovascular and cerebrovascular outcomes [17, 51, 52], their combination into a single metric represents a conceptual innovation. This dual-domain approach captures both metabolic and functional deterioration, enabling a more holistic and sensitive assessment of cardiovascular risk, particularly among aging individuals. In addition, the analytical framework is characterized by rigorous adjustment for a comprehensive set of covariates, including demographic, socioeconomic, behavioral, and clinical factors. The application of multivariable logistic regression, restricted cubic spline modeling, and stratified subgroup analyses ensures statistical robustness and allows for the detection of both linear and nonlinear relationships. Besides, the study also contributes to the literature by empirically demonstrating the added predictive value of TyGFI over its individual components. In doing so, it addresses a critical gap identified in previous studies that evaluated isolated metabolic indicators, such as TyG-BMI and TyG-WHtR, without accounting for functional health status [19, 53]. The integrative nature of TyGFI offers a more refined stratification tool for identifying individuals at elevated risk of cardiovascular and cerebrovascular events. Therefore, these strengths underscore the originality and applicability of TyGFI as a multidimensional risk marker, offering significant potential for incorporation into precision prevention strategies for cardiovascular and cerebrovascular disease.

    However, despite the methodological rigor and cross-cohort validation, several limitations of this study should be acknowledged, particularly in the context of temporal dynamics and evolving risk factors. First, the analysis was based on baseline measurements of the TyG and FI, which are both time-sensitive indicators. However, growing evidence emphasizes the importance of longitudinal changes and cumulative exposure to these markers. For instance, Wu et al. and Huang et al. demonstrated that persistent elevation or upward trajectories in TyG over time were significantly associated with increased stroke risk in middle-aged and older adults [38, 39]. Similarly, He et al. showed that progression in frailty status over time was closely linked with elevated CVD incidence [17]. Second, although the study employed multivariable adjustment to control for confounding factors, its observational nature precludes definitive causal inference. While the associations identified are robust and consistent across two nationally representative cohorts, unmeasured confounding remains a possibility. Incorporating analytical approaches such as Mendelian randomization or instrumental variable analysis could strengthen causal interpretations, as illustrated by Jiang et al. [54]. Third, although CHARLS and NHANES represent different sociocultural and healthcare contexts, generalizability beyond Chinese and U.S. populations may be limited. Diverse populations with varying genetic backgrounds, dietary habits, and healthcare access may present distinct cardiometabolic trajectories [55,56,57,58,59,60]. Furthermore, different versions of the FI were applied in CHARLS and NHANES, which may introduce measurement variability and limit cross-cohort comparability. Nonetheless, although our primary aim was not to compare absolute frailty levels between different populations, we acknowledge that this heterogeneity may affect the broader generalizability of our findings. To strengthen external validity, future research should prioritize the use of harmonized frailty assessment protocols and consider pooled individual-level data to further validate and refine the TyGFI framework across diverse populations. Lastly, while our findings support the predictive value of the TyGFI as a composite indicator, its integration into clinical practice requires further validation. The multiplicative formulation (TyG × FI) is based on the hypothesis that metabolic and functional impairments interact synergistically to increase cardiovascular risk beyond additive effects. Although supported by epidemiological evidence, this approach remains exploratory. To advance the clinical implementation of the TyGFI index, two complementary methodological directions warrant further exploration. On one hand, modeling the longitudinal trajectories of TyGFI may offer nuanced insights into the temporal dynamics of cardiometabolic risk, thereby facilitating earlier identification of subclinical deterioration and enabling more timely evaluation of therapeutic responses. On the other hand, comparative analyses with additive or weighted composite indices are necessary to determine whether the multiplicative structure of TyGFI delivers superior prognostic utility in real-world settings. In particular, benchmarking TyGFI against widely used cardiovascular risk prediction models—such as the Framingham Risk Score and the ASCVD Risk Calculator—is an important next step to establish its relative performance and clinical relevance. Although such direct comparisons were beyond the scope of the present study, we recognize this as a key limitation and are planning follow-up analyses to evaluate the incremental value of TyGFI relative to these established tools. While the current study does not define prespecified clinical cut-off values, the consistently graded associations observed across TyGFI quartiles provide a practical basis for provisional risk stratification. Building upon this gradient, subsequent studies should employ bootstrap-based receiver operating characteristic (ROC) analyses to derive clinically meaningful thresholds. Furthermore, the added value of TyGFI in risk prediction models should be systematically evaluated through net reclassification improvement (NRI) and decision curve analysis (DCA), both of which quantify improvements in model discrimination and clinical benefit.

    In summary, despite certain limitations, this study highlights the TyGFI as a novel and clinically accessible composite marker that integrates metabolic dysfunction and frailty. It demonstrates strong potential for improving cardiovascular and stroke risk stratification, particularly in aging populations.

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  • Google agrees to curb power use for AI data centers to ease strain on US grid when demand surges – Reuters

    1. Google agrees to curb power use for AI data centers to ease strain on US grid when demand surges  Reuters
    2. How we’re making data centers more flexible to benefit power grids  The Keyword
    3. Google (GOOGL) Strikes Historic Deals with U.S. Utilities to Ease Power Grid Strain  TipRanks
    4. Why Alphabet Stock Popped on Monday  The Motley Fool
    5. Google partners with I&M and TVA to expand use of demand response at its AI data centers  Data Center Dynamics

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  • SharpLink Ups Ethereum Bets, Closes In On 500,000 ETH Holdings

    SharpLink Ups Ethereum Bets, Closes In On 500,000 ETH Holdings

    SharpLink Gaming Inc. (NASDAQ:SBET) has continued its aggressive expansion into digital assets with a fresh $66.63 million purchase of Ethereum (CRYPTO: ETH).

    What Happened: The company acquired 18,680 ETH just minutes before the update was flagged by on-chain analytics platform Lookonchain.

    With this transaction, SharpLink now holds 498,711 ETH, valued at approximately $1.81 billion at current prices, making it one of the most prominent corporate holders of Ethereum globally.

    Founded in 2021 and publicly traded on the Nasdaq, SharpLink originally operated as a sports betting and iGaming technology provider.

    Over the past year, however, the company has undergone a dramatic strategic pivot, focusing heavily on digital asset accumulation, particularly Ethereum, and repositioning itself as a crypto-native treasury-first enterprise.

    SharpLink’s aggressive ETH purchases have come in waves, with multiple large-scale wallet transfers tracked on-chain throughout 2025.

    The company has not publicly commented in detail on the rationale behind its Ethereum strategy, but its recurring multi-million-dollar acquisitions signal a long-term belief in Ethereum’s value as a treasury reserve and possibly a foundational element for future blockchain-based gaming or betting infrastructure.

    Also Read: Vandalism Against Satoshi Nakamoto Statue Sparks Protest: You Can Steal Our Symbol, But You Will Never Be Able To Steal Our Souls’

    Why It Matters: Today’s purchase coincided with a sharp rise in SharpLink’s stock price.

    Shares jumped 12.66% to $19.31 as of 11:13 a.m. ET on August 4, up from the previous close of $17.14. The day’s high touched $20.14 before slightly retreating, according to data from Benzinga Pro.

    Longer-term price action has been even more dramatic.

    Over the past six months, SBET stock has surged 281.55%, according to data, riding on investor enthusiasm for its Ethereum-heavy balance sheet and speculative exposure to crypto markets.

    The stock has traded in an extraordinary range this year, from as low as $2.26 to as high as $124.12, underlining both extreme volatility and market intrigue.

    SharpLink currently commands a $2.07 billion market cap with an average daily volume of 42.27 million shares.

    The company’s financial statements have yet to reveal significant operating income from Ethereum holdings, but the sheer size of its treasury indicates a Strategy (NASDAQ:MSTR)-style play, only built around Ethereum rather than Bitcoin (CRYPTO: BTC).

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  • ‘I’d do it all again’: the UK factory worker who beat the car lenders in court | Motor finance

    ‘I’d do it all again’: the UK factory worker who beat the car lenders in court | Motor finance

    Marcus Johnson never expected he would be rushing to a car park during a family holiday in Somerset to discuss a ruling by the highest court in the UK. But the 35-year-old factory worker from Cwmbran in south Wales also had little idea that a loan he took out in 2017 to buy a second-hand Suzuki Swift would place him at the heart of a David v Goliath battle.

    His case would go on to expose egregious commission practices in the car finance market and lead to a compensation scheme that could cost some of the UK’s largest banks and specialist lenders up to £18bn.

    “I thought it would be like when you did those PPI claim forms: you were just going to get a few pounds in the bank in a month or two. That’s what I expected this to be,” Johnson said. “I had no idea it would turn into what it has today. I had no idea the impact it would have.”

    What started as interest in a Facebook advert about potential misselling of car loans led to a three-and-a-half year legal battle escalating to the UK supreme court. On Friday, Johnson’s case was the sole one of three consumer complaints left standing, with supreme court judges concerned about his “unfair” treatment by car lenders.

    That was due in part to the size of the commission that the lender paid to the car dealer – a quarter of the Suzuki’s near-£6,500 price tag – as well as a failure to disclose that a single lender, in this case South Africa’s FirstRand, was given first dibs on the contract, rather than it being taken to a panel of lenders to secure the best deal.

    Johnson admitted that he did not read all the documents that the Cardiff dealership gave him about the blue hatchback. But the supreme court questioned whether it was reasonable to expect “commercially unsophisticated” borrowers to read and understand the terms of the commission buried in reams of fine print.

    “It was a very rushed process where they gave me a big box full of paperwork and expected me then to comb through hundreds of pages,” Johnson recalls. “I felt like they were telling me what I needed to know. I had no idea that they were leaving things out.”

    Andrew Wrench, from Trentham, Staffordshire, lost his claim in Friday’s ruling. Photograph: Christopher Thomond/The Guardian

    Once lawyers explained the terms of his loan, Johnson was floored. “As all the evidence and all the information was presented, I almost found it unbelievable.”

    His case, which has dragged through Britain’s legal system since November 2022, exposed the complex and symbiotic relationship between lenders, manufacturers and car dealers in the UK’s multi-billion pound motor finance industry. Between 80% and 90% of new cars in the UK are now bought using borrowed money, with dealers paying commission to lenders. Had the two other cases bundled with Johnson’s claim been upheld, the industry could have faced a massive compensation bill fit to rival the £50bn PPI scandal.

    Johnson, speaking during a trip to Butlin’s in Minehead with his six-year-old daughter, said the entire saga had been stressful at times and pushed him out of his comfort zone.

    He even gets recognised on the street, thanks to doing TV interviews. “I’m not shy, but I kind of keep myself to myself, so it’s just a bit strange for me.”

    However, he feels it is a small price to pay to hold lenders to account. He said one car finance company contacted him in recent months to ask how it could be more transparent with buyers.

    Johnson is hoping those changes last, and that the regulator’s new compensation scheme will give money back to consumers who were unknowingly overcharged. “Hopefully it opens up a way for people in my position to be able to get what they should back. I would definitely do it all again.”

    Even Andrew Wrench, 61, who lost his case in the same court ruling on Friday, said it was worth the battle. Judges rejected Wrench’s case, alongside another filed by Amy Hopcraft, a nurse, which argued that commissions paid to car dealers amounted to bribes, and that dealers should be acting in customers’ best financial interests.

    Marcus Johnson said one finance company. contacted recently to ask how it could be more transparent with buyers. Photograph: Dimitris Legakis/The Guardian

    While it proved a disappointing end to his 26-month court battle, Wrench said family and friends were proud of his work. “My nephew Billy said ‘Look, you’ve highlighted it. You’ve done the right thing. A lot of people respect you for that, and be proud of what you’ve achieved, because there are going to be some compensatory packages for consumers.’”

    While Wrench will not get a payout on that single claim, he acknowledged that there could have been sweeping repercussions had his case been upheld. Car lenders have warned that a big compensation bill could push some firms into failure, while others would offer fewer, or more expensive loans, to claw back their losses. That could restrict options for people who relied on credit.

    Spooked by the warning, Rachel Reeves subsequently launched a failed attempt to intervene in the supreme court ruling, and warned judges to avoid handing a “windfall” to consumers. The chancellor later considered overruling the supreme court with retrospective legislation, in order to limit a potential £44bn bill.

    “I didn’t want anybody to lose jobs. I don’t want the economy to be affected. And the Treasury is already in a mess anyway,” Wrench said. “I wasn’t in it for that, and I wasn’t in it for compensation at all. I was in, from the get-go, [to expose lenders] that were deceitful, dishonest and otherwise.”

    But Wrench’s work is not over. He has one more car finance claim to pursue, and has two other unrelated cases – on mortgage terms and diesel emissions claims – making their way through the courts.

    In the meantime, he is keeping inspirational figures, such as the underdog lawyer and environmental campaigner Erin Brockovich, in mind. “She risked everything to take on the big boys.”

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  • Peter Thiel-backed Bullish seeks up to $4.2 billion valuation in US IPO – Reuters

    1. Peter Thiel-backed Bullish seeks up to $4.2 billion valuation in US IPO  Reuters
    2. Crypto Exchange Bullish Seeks to Raise Up to $629M in New York Share Sale  CoinDesk
    3. 1 Strategic Shift That Could Redefine Crypto’s Future. What You Need to Know About the BitGo IPO  Nasdaq
    4. Bullish Files for IPO: Listing on NYSE Under BLSH  Bitcoinsensus
    5. Crypto exchange Bullish aims for $629M IPO  Axios

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  • Rail services in parts of England are cut as tracks disturbed by lack of moisture | Rail transport

    Rail services in parts of England are cut as tracks disturbed by lack of moisture | Rail transport

    Rail services in parts of southern England are being reduced because embankments have shrunk and disturbed the track after the sunniest spring in more than a century.

    Trains are unable to travel at full speed over embankments in Dorset and Devon that have contracted because of a lack of moisture in the soil.

    In the latest example of extreme weather affecting the UK’s railways, South Western Railway (SWR) said that for a safe and reliable service it had no alternative but to reduce the number of trains running.

    Journeys from London Waterloo to Exeter will take an hour longer, with trains running at 40mph instead of 85mph for sections of the route.

    This year’s was the second driest spring on record for England, with the least amount of rainfall since 1976. The lack of moisture has caused embankments to shrink on a 12-mile stretch of track between Gillingham in Dorset and Axminster in Devon.

    The speed restrictions on the single-track route means trains cannot pass at the usual times and places, and SWR said it had been forced to cut services from the schedule.

    The operator said dry conditions were likely to continue and that further speed restrictions could be needed.

    SWR’s chief operating officer, Stuart Meek, said: “We are very sorry for the disruption that customers will experience due to this change, as we know just how important the west of England line is to the communities it serves.

    “We have not taken this decision lightly … However, to continue operating a safe and reliable service, we have no alternative but to introduce a reduced timetable.”

    Network Rail’s operations director, Tom Desmond, said: “The safety of our customers is our number one priority, which is why we must impose these speed restrictions. We will regularly review conditions in order to restore the normal timetable as soon as possible.”

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    The changing climate has caused problems for the railway in recent years, including the need to impose speed restrictions in extreme summer heat for fear of buckling rails.

    Train services were meanwhile cut back in Kent last year after the wettest winters on record also affected tracks and embankments.

    Network Rail is spending almost £3bn over the period 2024-29 to tackle the effects of climate change, having already increased its budget to maintain earthworks in the wake of the Stonehaven disaster, when heavy rain and poor drainage led to a landslip.

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  • FTI Consulting and World Governments Summit Launch

    FTI Consulting and World Governments Summit Launch

    Dubai, 4 Aug 2025 — FTI Consulting, Inc. (NYSE: FCN) in partnership with the World Governments Summit (“WGS”) today launched a joint report offering a bold vision for governments and public sector leaders seeking to enhance national resilience, improve service delivery and build citizen trust by improving efficiency.

    At a time of increasing fiscal pressures and heightened citizen expectations, Efficiency Unleashed: Innovative Strategies in Governmental Operations reveals that only one in four citizens are satisfied with their government’s performance. Meanwhile, public sector organizations around the world continue to lag behind the private industry in terms of productivity.

    Drawing from extensive research, real-world case studies from high-performing governments and expert insights on public sector transformations, the report presents a clear roadmap for performance improvement. It identifies three strategic levers for unlocking efficiency: dynamic deregulation and agile governance, radical optimization of operations and value capture budgeting supported by innovative financing.

    “Governments face a complex mandate: to do more with less — and to do it faster,” said Antoine Nasr, a Senior Managing Director and Head of FTI Consulting Middle East. “This research shows that public sector productivity has evolved from being a ‘nice to have’ to becoming a critical driver of economic resilience and national competitiveness.”

    Key findings from the report include:

    • Public sector efficiency is vital for national economic performance. On average, government expenditure accounts for 32% of GDP.
    • Governments are adopting more adaptive and outcome-based regulatory models. Tools such as principles-based regulation, policy labs and regulatory sandboxes are enabling faster policy innovation and real-time learning. Countries such as Denmark and the UK have demonstrated measurable results from these approaches.
    • Artificial intelligence offers transformative potential for government operations. Up to 84% of repetitive service transactions across over 200 government functions could be automated. This would free up public sector capacity for more strategic work and enhancing service responsiveness. Examples from the UAE and Denmark highlight how process automation can deliver significant labor savings and reduce administrative burden.
    • Citizen satisfaction varies across services. Organization for Economic Co-operation and Development data show approval ratings of around 70% for sectors like healthcare, education and justice, but 60% for administrative services. This gap highlights the pressing need for  citizen-centric service design and digital innovation.
    • Innovative financing tools are reshaping public funding. Governments are increasingly adopting value capture budgeting and financing tools, such as social impact bonds, blockchain-enabled digital bonds and green bonds, to fund services more transparently and effectively.

    The report highlights that efficiency is no longer just a question of cost-cutting; it is a strategic imperative for governments seeking to be more resilient, responsive and citizen-focused. A cultural shift is underway in the public sector — one that embraces experimentation and development, rewards innovation, and redefines success not by process compliance but by outcomes that truly matter to people. With this approach, governments can meet today’s various challenges and build a more agile, inclusive and sustainable future.

    Reem Baggash, Deputy Managing Director for Strategy, Content and Communications at the World Governments Summit, added: “Efficiency Unleashed is a call to action for governments globally to redesign their administrative and financial systems to match the pace of change and future needs. Efficiency is no longer a luxury, it is an imperative. At WGS, we remain committed to equipping decision-makers with the frameworks, data, and tools they need to build more agile, resilient, and impactful government models.”

    The full report is available for download here: Link

    About FTI Consulting
    FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 33 countries and territories as of March 31, 2025. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.70 billion in revenues during fiscal year 2024. More information can be found at www.fticonsulting.com.

    FTI Consulting, Inc. 
    200 Aldersgate
    Aldersgate Street
    London EC1A 4HD
    +44 20 3727 1000

    Investor Contact: Mollie Hawkes
    +1.617.747.1791
    mollie.hawkes@fticonsulting.com

    Media Contact: Helen Obi
    +44 20 7632 5071
    helen.obi@fticonsulting.com

    Source: FTI Consulting, Inc.

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  • TechCrunch Mobility: Tesla’s ride-hailing gambit

    TechCrunch Mobility: Tesla’s ride-hailing gambit

    default | Image Credits:Justin Sullivan / Getty Images

    Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility!

    Tesla CEO Elon Musk is in what one might describe a suboptimal position. He’s pushed hard to get shareholders to view Tesla as an AI and robotics company, not a maker of EVs. And yet, the company’s most visible products, which generate the bulk of its revenues, are its electric cars.

    Yes, Tesla EVs are advanced, particularly when it comes to its underlying vehicle architecture and software. And its driver-assistance system known as Full Self-Driving Supervised, which can be used on highways and city streets and requires hands on the wheel and the driver to be ready to take over, is considered among the most capable on the market today. But to Musk, the ultimate illustration of an AI and robotics company is self-driving cars and humanoid robots. And today, neither of them exist at any scale.

    Tesla’s first notable step toward that goal was in June when it launched a limited robotaxi service in Austin, Texas. Those Robotaxi-branded vehicles, which invited customers can hail via an app, have a Tesla employee sitting in the front passenger seat. But it’s still far from Musk’s original vision of a “general solution” that would allow a Tesla owner to earn money by renting out their vehicle as a robotaxi service.

    The clock is ticking and Musk needs to show more progress — or at the very least tease upcoming launches to keep antsy shareholders content. Which is perhaps why Tesla is embarking on this ride-hailing gambit in California.

    Earlier this month, Musk noted that Tesla would be launching a robotaxi service in the Bay Area “in a month or two” — regulatory approvals being the primary hang-up.

    The problem? Tesla hasn’t even applied for the permits that would allow it to operate a robotaxi service. I checked Friday morning with the California DMV, which regulates driverless testing, and Tesla has not yet applied for the necessary permits. (A spokesperson did tell me the DMV met with Tesla to discuss the company’s plans to test autonomous vehicles in the state.)

    So, instead Tesla has launched a ride-hailing service in the Bay Area. And yeah, users keep calling these robotaxis.

    To be clear, while folks — including Musk’s brother and Tesla board member Kimbal Musk — may refer to these as robotaxis, they are not driving autonomously. (And if they are, it would be a violation of current regulations.) Again, Tesla does not currently have the permits to do anything beyond pay its own employees to use its fleet of EVs to drive people around the Bay Area. No autonomous driving in any way, shape, or form. You can read a recent explainer here that will take you through all of the various permits Tesla needs.

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  • AWS European Sovereign Cloud to be operated by EU citizens

    AWS European Sovereign Cloud to be operated by EU citizens

    The AWS European Sovereign Cloud will be the only fully-featured, independently operated sovereign cloud, backed by strong technical controls, sovereign assurances and legal protections. It will have no critical dependencies on non-EU infrastructure, and the AWS European Sovereign Cloud is operated only by personnel who are European Union (EU) residents located in the EU, subject to EU law.

    Based on evolving customer requirements for digital sovereignty in Europe, we are adding EU citizenship to our hiring requirements for AWS European Sovereign Cloud employees operating the cloud. Our EU citizen personnel will work from EU locations subject to EU law, as before. We continue to offer customers more choice and control, so that they don’t have to compromise on the full power of AWS to spark innovation, drive economic growth, and strengthen cybersecurity protection.

    The AWS European Sovereign Cloud is designed to provide customers with an autonomous cloud that operates independently in Europe and for Europe. Replicating a broadly practiced mitigation mechanism that is established in EU institution and government hiring practices, operational control and access will be restricted to EU citizens located in the EU to ensure that all operators have enduring ties to the EU and to meet the needs of our customers and partners.

    To assure independent operation of the AWS European Sovereign Cloud, these new hiring requirements will apply to personnel who will have control of day-to-day operations, including access to data centers, technical support, and customer service.

    As we make this change, we will continue to work as a blended team of EU residents and EU citizens, with all personnel working from EU locations, before gradually completing our transition to EU citizen operations for the AWS European Sovereign Cloud. We are committed to supporting any employees impacted by this transition, and redeploying builders who do not meet the EU citizen eligibility requirement into other roles within Amazon.

    We remain on track to launch the AWS European Sovereign Cloud by the end of 2025. This initiative, which is backed by a €7.8 billion investment through 2040, represents our deep commitment to meeting Europe’s evolving digital sovereignty needs.

    You can learn more about the AWS European Sovereign Cloud on aws.eu.


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  • Cases broaden scope of ‘harassment’ for French employers

    Cases broaden scope of ‘harassment’ for French employers

    For several years, both case law and the legislator have expanded the definition of harassment in both its moral and sexual dimensions in order to strengthen employee protection. Two landmark cases have been particularly influential – centred on institutional moral harassment and discriminatory harassment – signalling a shift toward a more protective and nuanced legal framework for employees.

    Institutional moral harassment

    In a decision in January – the France Telecom Case – the Court of Cassation established the concept of institutional moral harassment.

    This case stemmed from a drastic restructuring plan initiated in 2006, which aimed to eliminate 22,000 jobs out of a total of approximately 120,000 employees. Following a criminal complaint the former executives and the company, suspected of having implemented a corporate policy of destabilisation with a view to accelerating departure rates among employees, departed, were indicted and then convicted.

    The court ruled that harassment does not require identification of specific victims. It is sufficient that the acts were intended to degrade working conditions. The intent to harm was inferred from a pattern of deliberate actions over several years, forming a “strategy of harassment” at the highest levels of management.

    Institutional harassment was characterised by “pressure exerted to control departures in the monitoring of staff numbers at all levels of the hierarchical chain, the taking into account of departures in the remuneration of management members, and the conditioning of middle management to reduce staff numbers during training courses”.

    The ruling emphasised that criminal liability could extend to corporate leaders, not just the organisation, when systemic policies result in widespread harm.

    This decision underscores the importance of ethical management practices and proactive risk prevention, especially during organisational restructuring. It also sets a precedent for recognising collective harm within a workplace, even in the absence of individual complaints.

    Discriminatory harassment

    In a separate decision on 14 November 2024, the Court of Cassation formally recognised discriminatory harassment as a distinct form of discrimination under French labour law.

    The dispute revolved around a security guard who alleged that he was subjected to racist remarks and discriminatory behaviour by his superiors. Although the Court of Appeal initially dismissed his claim due to a lack of evidence of concrete discriminatory measures, the Court of Cassation overturned this decision.

    The court applied article 1, paragraph 3 of Law No. 2008-496, which prohibits any behaviour that violates dignity or creates a hostile environment (i.e. the French definition of harassment) when it is based on a prohibited ground – for instance, origin or gender. Therefore, it ruled that harassment alone – without a tangible employment action – can constitute discrimination if it is based on a protected characteristic. This interpretation aligns with the Labour Code, expanding the scope of protection for employees facing hostile work environments, recognising discriminatory harassment for the first time.

    This ruling is particularly impactful because it acknowledges that the mere presence of a degrading or hostile environment, when linked to a discriminatory motive, is sufficient to establish a discrimination.

    This solution, which allows for better consideration of the behaviours suffered by employees, already seems to have been applied by trial judges, who have quickly taken up this concept of discriminatory harassment. For example, on 26 November 2024, the Paris Court of Appeal was able to characterise the existence of discriminatory harassment against several female employees who it found were victims of ambient harassment due to the sexist behaviour of colleagues working in an open-plan office.

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