Briefigns Magazine: UK’s Magical Ride to AI Superpower

As if by magic, the UK now ranks third globally in artificial intelligence.

By SIMON CONSTABLE

When people think about mega-sized tech companies, they are likely to think of corporations that were created and grew huge in the US or China. Those have dominated the sector in ways that no other country has achieved. That is, until recently.

As if by magic, the UK now ranks third globally in artificial intelligence. Private investments in British AI totaled $28 billion from 2013 through 2024, trailing only China at $119 billion and the US at $471 billion, according to Visual Capitalist data. On the face of it, there’s no reason for the UK to be a magnet for artificial intelligence. But like it or not, much of it comes down to the government understanding that AI is the future. “It understands where things are going and is being proactive,” says Ted Mortonson, managing director and technology desk sector strategist at Baird, the investment firm. READ MORE HERE.

 

KORN FERRY: Are UK CEOs ‘Job Hugging’ Now Too?

The number of CEOs quitting FTSE 100 companies dropped to its lowest level in four years.

 

By SIMON CONSTABLE

It’s been all the rage across the pond: CEOs are exiting at record levels. A similar exodus in the UK appears to be over. 

For CEOs of companies in the FTSE 100 index of the UK’s largest stocks, turnover hit a four-year low of just 7% over the first nine months of 2025. It was the continuation of a slowdown that started last year, with the country’s firms focused increasingly on leadership stability. “There is just more reluctance to rapid change in the UK versus the US,” says Dominic Schofield, Korn Ferry’s chair of board and CEO services for the UK.

At public companies, some level of CEO turnover is normal. Over the five years through September, more than half of FTSE 100 companies (53) have seen their CEOs leave. Slow growth and post-pandemic burnout have led to a wave of voluntary and involuntary departures. “It’s probably a good thing they were moved on,” says Olivier Boulard, Korn Ferry senior client partner for board and CEO services. “When the board needs to replace the CEO, they do.” READ MORE HERE.

CBS Eye On The World: @REALConstable discusses the political troubles of UK Prime Minister Keir Starmer and the suspension of a US-UK tech deal due to clashes over AI regulation.

He explains that Britain’s “Online Safety Act” aims to tax and regulate tech giants.

By SIMON CONSTABLE

 

LISTEN HERE.

The Blitz, Australian armed forces, Public domain, via Wikimedia Commons

Simon Constable discusses the political troubles of UK Prime Minister Keir Starmer and the suspension of a US-UKtech deal due to clashes over AI regulation. He explains that Britain’s “Online Safety Act” aims to tax and regulate tech giants, which threatens to stifle American AI companies operating there.

CBS EYE ON THE WORLD: @REALConstable reports from France on high copper prices and slowing European energy demand.

Protests by French farmers burning hay to oppose government orders to cull cattle exposed to disease and notes a significant rise in electric vehicle sales.

 By SIMON CONSTABLE

LISTEN HERE.

Bibliothèque nationale de France , Public domain, via Wikimedia Commons

Simon Constable reports from France on high copper prices and slowing European energy demand. He describes protests by French farmers burning hay to oppose government orders to cull cattle exposed to disease and notes a significant rise in electric vehicle sales across the European Union.

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WSJ: President Johnson takes on the Fed Six decades Ago

By SIMON CONSTABLE

Inflation is elevated. Tax cuts have energized the economy. And the president and Federal Reserve chief are locked in battle over interest rates. 

Sound familiar?

While the challenge to the Fed’s independence isn’t an exact analog of today, where President Trump has repeatedly called on Fed Chief Jerome Powell and others to cut interest rates, it's what happened in 1965 as President Lyndon Johnson made an “unusual public expression of disapproval of the board’s action to increase interest rates by 0.5% point to 4.5%.

LBJ called the Fed Chairman and other top economic officials and laid into them. “You’ve got me in a position where you can run a rapier into me,” charged Johnson. 

Many business leaders of the time seemed worried about inflation. “I approve of the increase” because “all signs indicate we are in a spiral of inflation,” one business leader said.  

Others saw the president’s comments as simply political. “This [criticism] is just what you’d expect him to say,” said another business leader. “If the economy turns down, he can blame it on the Fed. If the economy continues doing well, everyone will forget.”

Ultimately, neither the Fed nor inflation backed down. READ MORE HERE.

Arnold Newman, Public domain, via Wikimedia Commons

WSJ: How Much Do You Know About Black Friday and Cyber Monday? Take Our Quiz.

 

By SIMON CONSTABLE

Black Friday is almost here. But how much do you know about it?

For decades, the day after Thanksgiving has marked the start of the shopping rush for the holiday season. What was once a single-day event has now grown to include Thanksgiving Day, Small Business Saturday and Cyber Monday.

Over the years, Black Friday has been surrounded by little-known details—and common misperceptions. Take our quiz and find out how much you really know.

1 OF 10

When was the term “Black Friday” first coined in reference to the retail industry?

2 OF 10

What company popularized the day after Thanksgiving as the start of the holiday shopping season?

3 OF 10

Shopping on the day after Thanksgiving has become a global event. How much money did people spend globally from Thanksgiving through Cyber Monday last year?

Read more here.

Korn Ferry: Where Did This Bounce Back Come From?

Figures suggest there may be a light at the end of the tunnel for Britain’s manufacturing sector, which has faced years of struggles.

By SIMON CONSTABLE 

It’s a sector that has been blindsided again and again. First, manufacturing firms were hit with COVID-19 lockdowns. Then came a surge in energy prices after Russia invaded Ukraine. Supply chain-issues followed, along with higher interest rates and ultimately inflation. What else could go wrong?

Perhaps the sector has found a way to bounce back. One measure of its health, the Purchasing Managers Index (PMI), has steadily improved over the last 12 months, according to new data. As of October, the PMI was at 49.7, up from around 45 in March. While manufacturing slumped, executives were less willing to invest in new projects, says Ben Frost, a Korn Ferry senior client partner, EMEA. “There hasn’t been a positive outlook for a while,” he says. “But many executives are currently saying we need to activate these plans, and the time is now.”

Part of the turnaround has come from an increase in passenger-vehicle production following an interruption at one UK automaker. Still, experts forecast that the PMI is ripe to surpass 50 before year’s end. A PMI reading of 50+ indicates economic growth in the sector. The UK’s defense and aerospace subsector is also a bright spot, says Rory Singleton, a Korn Ferry senior client partner for the global industrial market. “We have world-leading companies in the subsector that should be seeing investment,” he observes. READ MORE HERE.