How the insurance industry is responding to climate change Many insurance companies are struggling to cope with the risks of climate change and how it is likely to affect business models in the medium or long term. Despite having significant expertise in risk pooling, the major risk is that climate change could affect all primary insurance company functions.   In this … Read More

Our fifth year of research: so much has changed We had high hopes for a new decade when we launched our inaugural HLB Survey of Business Leaders in 2020. Since then, businesses have faced a conveyor belt of crises from wars, to energy shocks and inflation, never mind the global pandemic. Almost half-way through the decade and risk levels have … Read More

Carbon Border      Adjustment            Mechanism:        What does          this new tax mean  for global    business?Governments around the world struggle to address the problem of global warming, and some have tried to introduce strict measures to force down the level of carbon emissions. The European Union has now introduced the world’s first carbon … Read More

Redefining Saudi: A new economic era HLB FDI Insights Saudi Arabia is strategically positioned to expand its economy and shift away from its traditional reliance on oil exploration. Amidst an environment of controlled inflation, the country is embracing structural reforms and public investment programs, setting a course for sustainable growth and enhanced global engagement. Central to this transformative journey is … Read More

Enhancing global tax transparency in real estate ownership In response to a request from the Indian G20 Presidency, the Organisation for Economic Co-operation and Development (OECD) has undertaken a critical examination of the state of tax transparency pertaining to foreign-owned real estate. The recently published OECD report sheds light on the current state of affairs in tax transparency, emphasising the need for enhanced information … Read More

Accounting standard updates: SME standards updates, what does it all mean? The International Accounting Standards Board (IASB) has proposed updates to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) to align it with recent IFRS Accounting Standards like IFRS 9 and IFRS 15. These updates aim to reduce differences from full IFRS Accounting Standards while … Read More

Future impacts of Airbnb for tourism, communities and real estate Airbnb has been one of the success stories in the tourism industry over the last couple of decades. The company has recently advertised its growth strategy but has also come under increased scrutiny from regulators due to the impact its listings may have on local communities and the real estate … Read More

China’s new  crackdown:    What  increasing  cybersecurity measures        mean for trade        with China  The Chinese government is considering an amendment to its existing cybersecurity laws, which could lead to a crackdown on companies that fail to comply. If implemented, fines for companies that violate their cybersecurity obligations could range up to RMB50 million (approximately £5.6 million). Therefore, it’s … Read More

Bolster your remote work cybersecurity measures through robust audits There’s no doubt that cybersecurity presents a sizeable and growing risk to many companies. Regulators, investors, media, and other stakeholders are often aware of such risks and will want to know how a company manages these risks. Of course, board members and company chiefs must oversee any cybersecurity risk management program, … Read More

Decoding AI ethics: What businesses need to know Recent years have seen artificial intelligence advance at an unprecedented speed. These rapid technological developments bring significant promises and potential benefits, but with great power comes great responsibility. As this technology permeated all aspects of our everyday lives, it raised key ethical questions about its impact on society. To reduce the risks … Read More