Sri Lanka is facing down a liquidity crisis. It has $50 billion in debt to foreign creditors, but no foreign currency reserves. The country foreign currency was depleted when pandemic-related travel restrictions undermined its thriving tourism industry. It also imports many goods, and costs soared as energy prices rose.

Even the darkest cloud has a silver lining – but there is a time and a place to mention it. When employees are struggling through a crisis, putting a positive spin on the situation can make them feel as though their concerns aren’t being taken seriously, according to Patricia Faison Hewlin, an Associate Professor of Organizational Behaviour at Desautels. Instead, managers should seek to maintain open lines of communication, demonstrate empathy and know how to seek additional resources when they are needed.

Animal welfare and a desire to reduce carbon emissions inspired Betty Zoller (MBA’15) to adopt a vegetarian diet. But when Zoller was looking for a nut-free cheese alternative, there weren’t any options. Many plant-based cheese alternatives are made using a base of cashew nuts or coconut oil, and seeing a gap in the available options, Zoller founded Aviva. The Montreal-based company uses chick peas, lentils, beans and seeds to make plant-based alternatives for common cheeses like cheddar, gouda and feta.

Dr. Mark Eisenberg (IMHL'10) was one of nine senior scholars named a James McGill Professor. The Professor in the Department of Epidemiology, Biostatistics and Occupational Health was one of nine senior scholars who earned the distinction, which recognizes outstanding and original researchers, who are international leaders in their field.

The influential business school news site Poets&Quants has named McGill-HEC Montréal EMBAs Jean-Pierre Michael and Carlos Andrade to its 2022 Best & Brightest Executive MBA list. The graduates were among 101 individuals selected from 49 top business schools around the world for personifying excellence – be it academic performance, extracurricular involvement, or professional achievement.

Payments on variable rate mortgages have gone up, and house prices have gone down. We are already seeing the impact of higher interest rates, and we are not done yet, according to Prof. Sebastien Betermier. “I expect to see a continuation of what we are already seeing,” Betermier told CTV News. “An increase in the cost of credit, and a decrease in the use of credit.” Labour shortages are an added complication in guiding Canada’s economy through this rough patch. A new kind of brain drain has been contributing to that shortage.

Leaders should spend less time worrying about people who leave, and more time celebrating those that stay, according to Samer Saab (BEng’93, MBA’96), the CEO of Explorance, a leading experience management solutions company.

In an era of talent scarcity, the balance of power between employer and employee has shifted, Saab told Medium.com in an interview for Authority Magazine.