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McKinsey urges Europe to ramp up R&D investment for global competitiveness, and not doing so 'puts Europe's prosperity, way of life and place in the world at risk'; US spending on intellectual property and equipment is double that of Europe per capita

UBS expects transfers of wealth totaling US$84T from baby boomers to younger generations will benefit women over coming decades; McKinsey predicts that by 2030, women will control most of US$30T in wealth held by boomer generation

McKinsey predicts China will become world's largest market for self-driving vehicles; Shenzhen set to launch fleet of 20 autonomous minibuses in 2024, marking a significant step toward self-driving vehicles for public transportation in China

McKinsey: Generative AI could automize almost 50% of all working hours in Europe and US by 2035; development means 12 million professionals in both regions will have to change jobs in medium term, but demand will increase for professionals in STEM, health

McKinsey report finds nearly 30% of global EV drivers to switch back to internal combustion engine vehicles due to inadequate public charging infrastructure, cost of ownership; nearly 50% in Australia and US likely to switch back to ICE vehicle

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