SMEs warned to ensure their supply chains are resilient in the face of growing global supply chain pressures
Boards and business leaders are urged to collaborate with internal audit functions to strengthen supply chains.
The report emphasizes the need for supply chain resilience in the face of geopolitical uncertainties and climate-related extreme weather events. [ more ]
Google Cloud and SAP in enterprise open data push | Computer Weekly
Google Cloud and SAP want to make it easier for enterprises to view their entire business data estates in real-time through the roll-out of a jointly created open data offering.The two companies are long-standing technology collaborators, with Google Cloud specifically working with numerous enterprises to help migrate their on-premise SAP business application and data estates to its public cloud datacentres.
Composable IT and ERP data - how to bring the two together | Computer Weekly
Composable IT involves the creation of modular, flexible technology systems that can be easily combined and adapted to meet the changing needs of a business.This approach makes it easier to integrate different systems and technologies, allowing them to work together seamlessly.ERP systems are, to some extent, the antithesis of this composable model.
Corporate America Is Testing the Limits of Its Pricing Power
Companies are becoming more willing to experiment with their pricing strategies, raising prices more frequently and using digital price displays.
The pandemic forced many companies to think more creatively about their pricing strategies and showed that they could more boldly play with prices without losing customers. [ more ]
UK pubs and restaurants plead for government action on energy as bills soar 81%
UK pubs, bars and restaurants revealed their average bills have surged 81 per cent over the past year as firms make further pleas to the government for support.Industry bodies have revealed that less than a third of hospitality businesses are optimistic about their future after swallowing mammoth energy price increases, as well as more expensive food and wage bills.
Pubs and restaurants plead for Government action on energy as bills soar 81%
UK pubs, bars and restaurants revealed their average bills have surged 81% over the past year as firms make further pleas to the Government for support.Industry bodies have revealed that less than a third of hospitality businesses are optimistic about their future after swallowing mammoth energy price increases, as well as more expensive food and wage bills.
Inquiry begins into unsafe goods flooding' online marketplaces
A parliamentary inquiry has begun into unsafe goods flooding the UK's supply chains and online marketplaces following widespread concerns for consumers.The inquiry by the All-Party Parliamentary Group (APPG) on Consumer Protection and the Chartered Trading Standards Institute (CTSI) follows a series of investigations that have exposed significant concerns around the safety and standard of goods available through many of the UK's leading online marketplaces.
Union condemns Government amid P&O sackings anniversary protest
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails A protest is being held on Tuesday to mark the anniversary of the controversial sacking of hundreds of P&O workers.The Rail, Maritime and Transport (RMT) union is staging a demonstration in Westminster, with its leaders criticising the Government for its response to the sackings.
Which supermarket products are suffering shortages and why?
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Two supermarket chains have started rationing selected fruit and vegetables as supply issues caused empty shelves across the country.Retailers have warned that the shortages could last for weeks as bad weather and transport problems in Africa and Europe have left supermarkets with a low supply of tomatoes and other fresh produce.
Post-Brexit controls on food and farm imports start
Health certificates are now required on EU goods imported to Britain, including meat, fruit, and vegetables.
Some industry bodies are concerned about potential delays and increased costs, while others believe the new rules will help UK farmers be more competitive. [ more ]
Major Brands Like McDonald's, Kroger and Coca-Cola Linked to Forced Prison Labor
Forced prison labor is a multibillion dollar industry that feeds into the supply chains of various food and grocery companies.
Prisoners, often facing abuse, make pennies on the dollar or no money at all while states, prisons, and companies make millions of dollars in profits. [ more ]
Scholtz visits Japan to firm up economic, defense ties
German Chancellor Olaf Scholz and Japanese Prime Minister Fumio Kishida on Saturday held the first round of government consultations in Tokyo as they seek to strengthen economic and defense ties in a global landscape dominated by China's growing influence and the war in Ukraine.Scholz brought six of his ministers for talks with Japanese counterparts to deepen cooperation in the economy and national security in the Indo-Pacific region, as well as other global issues including China's assertiveness in pressing its maritime territorial claims and its closer ties with Russia.
This Map Of National Rent Price Changes Is Eye Opening
There is no question that families have been really struggling to cover basic needs like food, rent, and transportation.There's been so much fluctuation between inflation and issues with supply chains that finding anywhere to save a little money each month can feel impossible.A new report from gives a snapshot of how costly keeping a roof over our heads has become, and a released a map of monthly changes in rent.
Volkswagen Sells Its Russia Operations, Including an Assembly Plant
Volkswagen has sold its assembly plant and other operations in Russia to a local auto dealership, more than a year after the German carmaker ceased production in the country following the invasion of Ukraine, the company said on Friday.Under the deal, which required approval from the Russian government, a Moscow-based dealership called Avilon acquired the assets of Volkswagen Group Rus, the carmaker said.
UK needs urgent long-term plan' to develop future green, hi-tech industries
Britain risks falling behind in a multibillion-pound global arms race of re-industrialisation without an urgent launch of a coherent plan for manufacturing, Andy Haldane has warned.The influential economist, who is on Jeremy Hunt's council of economic advisers, said the UK was not really in the race at any kind of scale as other countries steal a march in developing the green, hi-tech industries of the future.
Businesses are automating slower than expected, says report
Businesses globally have introduced automation into their operations at a slower pace than previously anticipated, the World Economic Forum (WEF) opined this week.The org's annual Future of Jobs report said businesses currently estimate 34 percent of all their tasks are completed by machines - a trajectory that would see its 2020 prediction of 47 percent automation by 2025 fall short.
Hunt urged to commit extra 6bn a year to making UK homes energy efficient
A coalition of charities and campaigners have demanded the chancellor funnel more funds into making Britain's leaky housing stock energy efficient at next week's budget to help cut bills and protect the environment.In a letter to Jeremy Hunt, more than 20 organisations asked the government to set aside at least 6bn a year over the next decade to support an acceleration in insulating home and installations of heat pumps.
Menace to society: galore of illicit drugs available in the EU as powerful new substances emerge
New harmful illicit drugs are inundating a flourishing market for traffickers amid violence and corruption hurting local communities across Europe, the EU's agency monitoring drugs and addiction said Friday.The grim finding was part of the agency's annual report.It also said that drug users in Europe are now exposed to a wider range of substances of high purity as drug trafficking and use across the region have quickly returned to pre-COVID 19 pandemic levels.
From empty dealer lots to sky-high prices, here's why Canada's new car market is still a mess | CBC News
Just as it did for nearly every facet of the global economy, the pandemic plunged Canada's new car market into upheaval, throwing supply and demand completely out of whack.Factory shutdowns due to COVID-19 made for widespread shortages of parts, filtering down to a historic lack of finished vehicles for sale on dealer lots.
Soaring SUV sales make it harder to hit climate goals
/ Bigger vehicles, whether they're gas-guzzling or electric, come with bigger environmental problems.SUV sales soared in 2022, a trend that makes it much harder to reach global climate goals, experts say.And while car buyers flocked to electric SUVs along with their gas-guzzling counterparts, supersize EVs pose their own environmental challenges.
Shapps issues warning on dangerous' US multi-billion dollar green subsidies
Business Secretary Grant Shapps has renewed criticism of President Joe Biden's multi-billion dollar package of green subsidies, warning it could mark a dangerous slide into protectionism.Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Mr Shapps said he did not believe the 430 billion US dollar (350 billion) Inflation Reduction Act (IRA) was intended to be protectionist but that could be the result if it was not amended.
Sweden takes over EU presidency in crisis mode DW 01/01/2023
When it comes to the rotating presidency of the Council of the European Union, Sweden's new minority government of the Moderate Party, Christian Democrats and the Liberals, which is reliant on support from the far-right Sweden Democrats, will continue where the Czech government left off.Russia's war against Ukraine, its effects on security and energy supplies for all of Europe, and strengthening the EU's military capabilities and supply chains will be the overarching issues of Sweden's six months at the head of the Council of the European Union.
Automotive chip shortages to continue throughout 2023, industry says
We can expect continued disruption to the global semiconductor industry and, therefore, continued supply chain shortages in the automotive industry throughout 2023, according to a new report in the Financial Times.The head of Onsemi, Hassane El-Khoury, told the paper that "there's nothing you can do now to change 2023," and that "we will be adding capacity every quarter, every month in 2023 to meet our customer demand."
Cargo loaders at B.C.'s ports vote overwhelmingly in favour of strike | CBC News
More than 7,000 terminal cargo loaders at British Columbia's ports have voted overwhelmingly in support of strike action against local maritime employers, although both sides are still negotiating to avoid such an outcome.The International Longshore and Warehouse Union Canada says a vote over the weekend yielded 99.24 per cent support for strike action against the B.C. Maritime Employers Association "if necessary.''
Canada's inflation rate slowed to 5.9% in January, but food costs continue to rise | CBC News
Canada's inflation rate slowed to 5.9 per cent in January, Statistics Canada said on Tuesday.That number was lower than the 6.2 per cent that economists were expecting.However, the price of groceries continued to accelerate at a faster pace than in December, the statistics agency reported.Mortgage interest costs continued to rise, clocking in at 21.2 per cent in January as the Bank of Canada tries to tame inflation with high interest rates.
U.S. inflation rate cools to 6.5% in December | CBC News
The inflation rate in the U.S. decelerated to 6.5 per cent in December, mostly due to much cheaper gasoline.The U.S. Bureau of Labor Statistics said that on a monthly basis, the cost of living actually declined by 0.1 per cent from November to December.The biggest reason for that decline was a large drop in the price of gasoline.
Why has Labour U-turned on its green investment pledge?
Political correspondent, BBC News
The promise was clear.And it was prominent.At Labour's 2021 conference, shadow chancellor Rachel Reeves announced her ambition to be the UK's first "green" chancellor.To stress her bona fides, she pledged to invest £28bn a year, every year to 2030 to "green" the economy.
Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk US-China Trade Could Collapse Economics Bitcoin News
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are on the brink of war and are beyond the ability to talk.The billionaire added that their relations are getting so bad that U.S.-China trade could collapse.He cautioned that the next 18 months will be a very risky period.U.S. and China on the Brink of War, Says Dalio Ray Dalio, the founder of the world's largest asset manager, Bridgewater Associates, warned in a Linkedin post, published Wednesday, that the U.S. and China are on the brink of war.
Sunak defends use of British munitions stockpiles to support Ukraine
British ammunition stockpiles are being used for the purpose they were intended degrading Russia's fighting ability, Rishi Sunak has said.The Prime Minister said he would not necessarily see it as a negative that levels of shells and missiles were being run down because they were being used to deter the threat from Vladimir Putin's military.
Analysis | Musk's Big Tesla Growth Target Is a Problem
SAN FRANCISCO, CALIFORNIA - JANUARY 24: Tesla CEO Elon Musk leaves the Phillip Burton Federal Building on January 24, 2023 in San Francisco, California.Musk testified at a trial regarding a lawsuit that has investors suing Tesla and Musk over his August 2018 tweets saying he was taking Tesla private with funding that he had secured.
Analysis | Sub-2% Inflation Is on the Horizon, But It Won't Last
WASHINGTON, DC - JANUARY 12: U.S. President Joe Biden delivers remarks on the economy and inflation in the Eisenhower Executive Office Building on January 12, 2023 in Washington, DC.Biden spoke on his Administration's actions to lower the inflation rate, reduce gas prices and create manufacturing jobs for Americans.
Analysis | CPI Checks Most of Powell's Boxes. Now What?
The inflation story took a turn for the better on Thursday when the government reported that the consumer price index fell 0.1% from a month earlier.Policymakers at the Federal Reserve will play down the report's significance and reiterate their commitment to keep fighting volatile prices.But in private, they have to be elated.
Rep. Krishnamoorthi: How we can win the economic contest with China
The last century is often referred to as "the American Century," largely because of our country's economic strength that provided unprecedented prosperity for millions of American families.Today, one of the critical questions we're facing is who will be the economic and innovation leader of the 21st century: America or China?
Local Foods and Butcher & Larder Will Close After Five Years
One of Chicago's most unique grocery stores - home to a first-class butchery - is closing.After eight years, Local Foods will close its public-facing market later this month off the Elston Industrial Corridor.Its wholesale operations will continue, according to an email sent Friday afternoon to customers.
China Launches New Manned Spacecraft in Race to Put Astronauts on Moon
1. China has launched its first manned mission to the moon, becoming the first country to do so since the 1970s. 2. The mission, called Changâe 5, is a major milestone for Chinaâs space program and marks a significant step towards its ambitions of establishing a permanent
1. The European Union is discussing earmarking 1 billion euros to provide additional funds to Ukraine. 2. This funding would be used to support the Ukrainian government and help them to recover from the recent conflict with Russia. 3. The EU is also considering additional measures to help Ukraine build its
Beijing calls Britain US vassal' and warns of damage' to ties after G7 rebuke
China offered a stinging rebuttal to Rishi Sunak who called Beijing a challenge to global security by labelling Britain a vassal of the US and warning of lasting damage to its ties with London.The relevant remarks by the British side are simply parroting words from others and constitute malicious slanders in disregard ofthe facts.
China poses biggest challenge of our age', Sunak warns
Rishi Sunak has warned that an increasingly authoritarian China poses the biggest challenge of our age after discussing how to tackle aggression from Beijing with western allies.The Prime Minister said that it is the only country with both the means and intent to reshape the world order after meeting with leaders at the G7 summit in Hiroshima on Sunday.
China poses biggest threat to global security, says Sunak
China poses the biggest challenge to global security and prosperity of our age with the means and intent to reshape the world order, Rishi Sunak has said.The UK prime minister said G7 leaders including Japan, the US, Canada and European nations had shown unity and resolve in confronting the problems posed by Beijing.
The Guardian view on Tory immigration policy: a moral choice
The campaign to leave the EU promised many things, but hard agricultural labour was not among them.Seasonal fruit picking is physically demanding, poorly paid work that was, before Brexit, done mostly by migrants exercising their freedom to live in any EU member state.Ending that freedom is one of the few Brexit pledges that has been delivered.
The Guardian view on strikes: Sunak needs a better plan | Editorial
To the extent that Rishi Sunak has a plan for dealing with the biggest wave of industrial action in Britain for a generation, it seems to involve waiting for public opinion to turn against the strikes.To hasten that process, ministers cast trade unions as self-serving militants, causing harm to citizens who rely on the services that are being disrupted.
If diplomats were on TikTok, de-risk would be trending.The word has suddenly become popular among officials trying to loosen China's grip on global supply chains but not cut ties entirely, with the joint communique from this weekend's Group of 7 meeting making clear that the world's largest democratic economies will now focus on de-risking, not decoupling.
China aims to subordinate the west, claims US politician on UK visit
Beijing wants to subordinate and humiliate the west, according to the Republican chair of a newly created China committee in Congress, who is leading a delegation of hawkish US politicians on a two-day trip to the UK.Mike Gallagher argued that China, under President Xi Jinping, believed in the inevitable demise of capitalism, and said he hoped to better understand how far British politicians of all parties shared his committee's concerns.
Rishi Sunak seeks closer ties with Japan ahead of G7 summit
Political reporter, BBC News
Rishi Sunak has agreed new defence and economic deals with Japan in a visit to Tokyo, ahead of the G7 summit in Hiroshima.Speaking on board the JS Izumo aircraft carrier, the PM announced a partnership featuring closer UK-Japanese co-operation between armed forces, cyber agencies and semiconductor companies.
Why are we talking about Britain's cost of living crisis? The real culprit is bosses' greedflation' | Sharon Graham
These days there is a lot of talk about a cost of living crisis, but as Unite's most recent research confirms, we should actually be talking about a cost of profiteering crisis.From rising supermarket prices, to energy bills, to transport costs, we are all paying the price.Take UK Power Networks, the National Grid power distributor.
City Hall officials grilled over scandal-hit solar scheme
O fficials at City Hall faced a grilling this week over a scandal-hit solar panel scheme, which was dubbed a customer service car crash.In a question and answer session, the London Assembly's environment committee quizzed two of City Hall's top officers about the organisation's Solar Together group buying programme.
Solar panel firm suspended as Londoners are warned about their deposits
T he main installer behind mayor Sadiq Khan's multi-million pound Solar Together scheme has been forced to suspend operations following an Evening Standard investigation.Green Energy Together was also stripped of its trade body accreditation after we revealed hundreds of London homeowners suffered unacceptable delays and struggled to get back large deposits.
Can the G7 take a united stance on China? DW 05/18/2023
Leaders of the Group of Seven (G7) a club of some of the world's major industrialized nations are gathering in the Japanese city of Hiroshima from Friday for their annual summit.The West's relationship with China amid Beijing's expanding economic and political clout, Russia's war in Ukraine, and the troubled state of the global economy are set to top the agenda of their discussions.
China's Xi wants faster strengthening of military after diplomat's US warning
China's leader Xi Jinping has called for "more quickly elevating the armed forces to world-class standards".is comments in a speech come days after a top diplomat warned of the growing possibility of conflict with the US unless Washington alters course.China must maximise its "national strategic capabilities" in a bid to "systematically upgrade the country's overall strength to cope with strategic risks, safeguard strategic interests and realise strategic objectives," Mr Xi said on Wednesday.
G7 to discuss Russian diamond exports and China concerns DW 05/18/2023
Russia sanctions focusing on its $5 billion diamond industry is on the agenda as the seven leading democratic economies come together in Hiroshima, Japan.China's economic influence is also up for discussion.G7 leaders arrived in Hiroshima, Japan, on Thursday to consider tougher sanctions against Russia amid its ongoing war in Ukraine.
The leaders of China and Russia have finished talks. Here are some takeaways
Russian President Vladimir Putin, right, and Chinese President Xi Jinping shake hands after speaking to the media during a signing ceremony following their talks in Moscow on Tuesday.Mikhail Tereshchenko/Sputnik, Kremlin Pool Photo via AP TAIPEI and MOSCOW China's top leader Xi Jinping has wrapped up a state visit to Moscow, where he held nearly three full days of talks with Russia's President Vladimir Putin.
The unintended consequences of unconstrained economic sanctions
Author: Editorial Board, ANU It's now been a year since Russia invaded Ukraine.In response to an unprovoked act of aggression, Western countries imposed a sweeping set of sanctions designed to force the Russian army back behind its own borders.These included disconnecting Russian banks from the SWIFT interbank communication system, export controls on technologically advanced goods and the freezing of Russian reserves held in overseas central banks.
Many U.K. grocers limit some fruit and veggie sales as extreme weather impacts supply
Empty shelves are seen in the fruit and vegetable aisles of a Tesco supermarket in the U.K. this week.Getty Images Many of Britain's largest grocery store chains this week introduced limits on the sale of specific vegetables and fruit as shortages of certain products continue to extend across the U.K. Grocery giants including Tesco, Asda, Aldi and Morrisons are struggling with their supply chains, particularly with products sourced from southern Spain and Morocco where extreme weather has damaged crops.
Richard Branson: Global Business Must Do More to Help Ukraine
On Feb. 22, 2022, I joined a video call with Ukraine's President Volodymyr Zelensky, who was then facing a terrifying build-up of Russian troops along his country's borders.Calm and composed, he talked at length about his strategy for Ukraine's economic transformation and shared his plans to bring foreign investment into the Donbass region, the Eastern part of Ukraine that had seen so much unrest and conflict.
Poland asks Germany's permission to send its Leopard tanks to Ukraine.
Poland has formally asked Germany for permission to transfer its Leopard 2 tanks to Ukraine, the Polish defense minister, Mariusz Blaszczak, said on Tuesday, and his German counterpart said Berlin would decide soon on whether it would send its own tanks.We are preparing our decision, which will come very soon, the German official, Boris Pistorius, said, speaking at a news conference with Jens Stoltenberg, secretary general of NATO.
Adform Partners with Ad Net Zero to Strengthen Climate Commitment
Global integrated advertising platform,Adform, today (May 17th, 2023) announces its strategic partnership withAd Net Zero, advertising's response to the climate emergency, to further solidify the businesses dedication to building a more sustainable future for advertising in the UK.Adform is focused on ensuring it is taking the necessary steps to reduce its operational carbon emissions to achieve ad net zero.
Arete Research Predicts A Reckoning For Digital Advertising In 2023 | AdExchanger
Arete Research's Richard Kramer and Rocco Strauss didn't pull any punches at AdExchanger's Industry Preview event in New York City on Tuesday.The investment analysts predicted a reckoning in the year ahead for companies that depend on digital ad revenue, which they expect to decline by 5% to as much as 10% in 2023, thanks to "demand destruction."
Is Bing Chat Ready For Ads? (NO); Agencies See Green | AdExchanger
Microsoft's AI-enabled Bing search is making waves for all the wrong reasons.The machine learning search bot is clearly not ready for primetime - but that's not stopping Microsoft.Its ad unit is already pitching at least one agency on paid ads for its new plaything, reports.Microsoft reportedly showed off a demo that inserts links akin to traditional search ads into Bing's AI-generated responses.
2023 state of the CDP: How innovative brands deliver value with a CDP | MarTech
For the fourth edition of Tealium's State of the CDP 2023 report, we surveyed over 1,200 professionals worldwide in B2B, B2C, and B2B2C industries through an independent firm.The responses revealed that Customer data platforms (CDPs) have proven critical to organizational growth during demanding times, especially as we see a global tightening of the collective purse strings.
Buyers Are Into SPO. What Will It Take To Get Sellers Onboard? | AdExchanger
Although the buy side has largely embraced supply path optimization (SPO), the same can't be said for the sell side.The average size of an Ads.txt file among the top-grossing 10,000 publishers has tripled between 2020 and 2022, according to recent data from Jounce Media.Whereas brands and DSPs are whittling down the number of supply paths they use to purchase ad inventory, publishers are financially incentivized to work with as many partners as possible.
The World's First AI Rule Book Has a 'Need for Speed'
CIPHER BRIEF REPORTING - When it comes to artificial intelligence (AI), those who write the rules may be just as important as the innovators.Being first, experts say, will likely afford competitive advantages - particularly in the security space - that devise global standards and align markets with the winner's values and priorities.
Microsoft tries Dynamics 365 Copilot with AI for ERP and CRM
Microsoft has dosed its Dynamics 365 business apps with "AI capabilities" to help human workers delegate tedious tasks to machines.Redmond's automation tools come in a preview form in a release called Dynamics 365 Copilot, a nod to the success of its GitHub subsidiary's controversial Copilot assistive code service.
ReversingLabs: Increased Focus on Software Supply Chain Security
By: Mike Vizard on A global survey of 300 global executives, technology and security professionals found software containing vulnerabilities (82%) followed by secrets leaked through source code (55%), malicious code (52%) and suspicious code (46%) posed a serious risk to the business.Conducted by Dimensional Research on behalf of ReversingLabs, a provider of a platform for securing software supply chains, the survey found 87% of respondents detected significant risks in their software supply chain in the last year.
Apple reported its fiscal quarter results, and they are better than analysts expected.Cupertino gained $94.8 billion in revenue between January and March 2023, 3% down from last year's $97.2 billion.The company posted record sales of iPhones for the first three-month period of the year and an all-time record for services, including App Store, Apple Music, Apple Pay, and iCloud.
Apple considers turning to LG for microLED smartwatch displays
Just a couple of days ago, we reported that Samsung is moving fast with its microLED panel development for smartwatches and some believe that Apple will use them for its future Watch Series.However, the latest report puts LG Display into the mix as well.An industry source says that LG Display has already set up operations and it's producing backplanes for microLED screens in small quantities.
Security Think Tank: Thinking beyond IAM in the cloud | Computer Weekly
Moving a company's IT into the cloud is seen a reasonable thing to do for many companies as it has many attractions including cost, space savings, reduced headcount and performance bonuses.Tried and tested security paradigms are now being viewed as not fully fit for purpose where cloud-based operations are involved.
US government Strike Force aims to prevent adversaries from accessing disruptive tech | Computer Weekly
Sikov - stock.adobe.comThe US government has launched the Disruptive Technology Strike Force, a collaboration of US law enforcement led by the Justice and Commerce Department, to stop hostile states gaining access to critical US technology.The initiative, announced by Deputy Attorney General, Lisa O Monaco, focuses on preventing adversaries from violating US export controls, which restrict the sale of "dual use" technologies with both military and technology use.
iPhone sales help Apple beat revenue forecasts for Q2
Everyone knew this would be rough quarterly earnings report, but the question was just how rough.Facing broader economic headwinds and a slowing smartphone market, Apple reported its second straight quarterly sales drop.Still, the company managed to beat Wall Street forecasts, on the strength of better-than-expected iPhone revenue.
/ Apple said it would transition all of its Macs away from Intel silicon within two years of the M1's announcement.It's missed that deadline.Does anyone else vividly remember the day of June 22nd, 2020?I sure do.That was the day when Apple announced that its Macs were going to transfer away from Intel processors to the company's own silicon.
US companies including Netflix and Boeing join biggest' business mission to Vietnam
Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy, which has emerged as an attractive potential alternative to China as companies seek to diversify their markets and supply chains.Senior executives from 52 US firms are taking part in the biggest business mission ever organized by the US-ASEAN Business Council, the trade lobby told CNN.
Starbucks' new drinks have a spoonful of olive oil in every cup
Starbucks wants you to give olive oil coffee a shot.Really.The coffee chain is rolling out a new line of beverages made with extra virgin olive oil.To be clear, the drinks are not simply flavored with olive oil, nor do they have just a hint of it.Each one is truly made with a spoonful of oil, adding 120 calories to the total.
Why did we get a monster jobs report if the economy is slowing?
The economy wasn't supposed to add half a million jobs in January.In fact, a consensus poll of 81 economists expected job gains to land at around 185,000, according to Refinitiv.After 11 months of aggressive rate hikes from the Federal Reserve, the experts were naturally expecting the economy's job gains to slow as higher borrowing costs percolated through the economy, slowing investment and growth and pushing companies to pull back on spending and hiring.
Brockton Hospital will remain closed until May following 10-alarm fire
Local The reopening will begin with limited inpatient services, with more services to be phased in later.Brockton Hospital will likely remain closed until May following a massive electrical fire that broke out earlier this month.The hospital will reopen with limited inpatient services in approximately three months, according to a statement released Thursday by the hospital's parent company, Signature Healthcare.
Canada's economy is slowing down and that's 'a good thing' given inflation fight, Tiff Macklem says | CBC News
Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated.Speaking in Quebec City on Tuesday, Macklem said that higher interest rates are working to cool the economy as elevated borrowing costs are constraining spending on big-ticket items such as vehicles, furniture and appliances.
ANALYSIS | Central bank offers 'rosy outlook' on recession and inflation but warns of risks and pain | CBC News
If you are one of those Canadians who remain confident that central bank governor Tiff Macklem has a good handle on the economy, the future looks pretty bright."It's working," Macklem boasted at Wednesday's monetary policy news conference.Yes, another quarter-point rate hike means Canadians paying off their mortgages will now be forking out 4.25 percentage points more than they expected just two years ago.
Fed poised to raise rates by half a percentage point in last 2022 hike
Federal Reserve Chair Jerome H. Powell on Nov. 2.(Al Drago/Bloomberg News)The Federal Reserve is poised to raise interest rates by half a percentage point Wednesday, capping off one of the most aggressive years in the central bank's historyand marking a new phase in itsfight against inflation.The Fed has hoisted rates six times this year and will announce a seventh at the end of its two-day policy meeting, which began Tuesday.
Analysis | CPI Justifies the Market's Exuberance This Time
The battle against inflation is far from over, but markets can't be blamed for rushing to judgment after an unequivocally positive consumer price index report Tuesday.The numbers showed that core prices - excluding volatile food and energy - rose just 0.2% in November from the previous month.Stripping out the contentious shelter component of the index, core prices actually fell 0.1% on the month.
Inflation in U.S. slows for 5th straight month | CBC News
Inflation in the United States slowed again last month in the latest sign that price increases are gradually cooling despite the pressures they continue to inflict on American households.Consumer prices rose 7.1 per cent in November from a year ago, the government said Tuesday.That was down from 7.7 per cent in October and a recent peak of 9.1 per cent in June.
Shockingly dangerous': WHO raises alarm on pregnancy risks
UN health agency says one woman dies every two minutes during pregnancy or childbirth mostly from treatable conditions.The World Health Organization (WHO) says one woman dies every two minutes during pregnancy or childbirth, according to the latest data, with too few countries in the world managing to substantially reduce maternal death rates since 2016.
Rare' tomatoes on sale for 500 as supermarkets shelves run bare
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Six salad tomatoes are on sale for 500 as supermarket shelves in the UK run bare amid supply issues.One person has made light of the fruit and vegetable shortages by selling six tomatoes that are unused and in original packaging.
Inflation is high, so why aren't mortgage rates higher?
Not only has the data stayed firm, but the economic data has improved recently.Also, gas prices are down from the peak, and the inflation growth rate is no longer skyrocketing.If the labor market breaks this year, meaning jobless claims noticeably rise, that should send the 10-year yield to 2.73%, and mortgage rates can go as low as 5.25%.
Garment Workers Take on Wall Street and Wage Theft
A new campaign targets brands that are spending on stock buybacks instead of compensating workers for lost wages.Garment workers manufacture clothes in Dhaka, Bangladesh, on August 29, 2022, in Dhaka, Bangladesh.Mustasinur Rahman Alvi / Eyepix Group / Future Publishing via Getty Images Dilhani worked for six years in a Sri Lankan factory that makes clothes for Nike.
Exclusive: US Air Force fires leaders for failing nuclear safety inspection
Two US Air Force commanders and four of their subordinates at a key nuclear base in North Dakota were relieved of duty this week after their units failed an inspection designed to ensure that the nuclear weapons stockpile is safe and secure at all times, two defense officials told CNN.The removals occurred at Minot Air Force Base, which is the only Air Force installation that houses two legs of the nuclear triad ballistic missile silos and strategic bombers.
Forbes pledges to create housebuilding body if elected
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Kate Forbes has pledged to create a national housebuilding body if elected as first minister.The SNP leadership candidate, who said housebuilding was under immense pressure in Scotland, pledged that the organisation would seek to build thousands of homes per year although she did not set a firm target.
Artificial intelligence fever ignites a Wall Street frenzy
Financial markets can be very welcoming to technologies that promise to change the world, but history is riddled with episodes of irrational exuberance.Investors were right about the internet but mistakenly rushed in to buy any technology stock associated with the nascent world wide web.The dotcom boom was the first bubble to burst in the 21st century.
Apple, accused of supporting China's censorship, is now facing new criticism
Protesters say Apple has kept tools that help circumvent censorship in China off its App store inside the country.Now it has to contend with pressure from Chinese citizens who aren't happy about it.STEVE INSKEEP, HOST: When a man hung banners on a Beijing overpass in October to protest the government, an army of censors wiped it from the Chinese internet.
War-weary trans Ukrainians are being forced to de-transition due to lack of hormones
Transgender Ukrainians have had trouble finding hormones as Russia's invasion has shuttered the country's pharmacies, doctors' offices, and supply chains.These conditions have made hormones scarce or very expensive, putting additional strain on trans people who have sought to have their identities respected by the national government.
Supermarket rationing could last for weeks, retail experts warn
Food shortages in supermarkets could last for weeks, retail experts have warned as the government is told the clock is ticking.Tesco joined Asda, Aldi and Morrison's as the latest supermarket to ration fresh produce a shelves across the country lay empty.National Farming Union (NFU) president Minette Batters said this week at the NFU conference that the production of tomatoes and cucumbers is expected to drop to the lowest levels since records began in 1985.
In this episode of CMO Moves, three sustainability trailblazers discuss their efforts with Adweek CXO Jenny Rooney to bring awareness to The Future Is Mainstream Green action plan.The CMO Sustainability Accelerator (CSA) and Boston Consulting Group (BCG) created the report to highlight the work CMOs must do to drive sustainable practices in their businesses.
NI Protocol has led to democratic deficit', MPs are told
The Northern Ireland Protocol has led to a democratic deficit where politicians in the region have no say over rules which govern trade, a Westminster committee has been told.A barrister told the European Scrutiny Committee that the current oversight role of the European Court of Justice (ECJ) on protocol-related issues raised concerns around identity.
Uptime Institute predicts slower pace of public cloud migrations in 2023 | Computer Weekly
The long-held view that moving to the public cloud is a low-risk, flexible and inexpensive alternative to on-premise IT will be increasingly challenged throughout 2023, prompting some enterprises with complex infrastructure needs to slow down or press pause on their migrations.That's one of the key predictions put forward by datacentre resiliency think tank Uptime Institute in its 2023 trends forecast, with the organisation citing the threat of economic and political turbulence over the coming years as having a destabilising impact on enterprise public cloud moves.
After Nord Stream blasts, NATO, EU vow to protect infrastructure
The two Western organisations are moving to work more closely together, a development the Kremlin has ridiculed.A day after committing to stronger ties in the wake of the Ukraine war, NATO and the European Union launched a task force aimed at boosting the protection of critical infrastructure.Announcing the move on Wednesday, European Commission President Ursula von der Leyen said there was a need to confront a new type of threat following last year's attacks on the Nord Stream gas pipelines and Moscow's weaponising of energy.
My only prediction for 2023 is that no one's predictions (even this one) will be right.The world is too volatile - and I suppose that suggests a prediction - that volatility will not have disappeared by the end of 2023.The world's nations, well beyond the U.S., are politically volatile.The global economy is volatile in its ever greater integration that makes us dependent on supply chains that sometimes collapse.
China rushes to boost intensive care beds, doctors and stocks of medicine as Covid surges
Chinese authorities are rushing to boost the number of intensive care beds and health workers and increase medication supplies as Covid-19 surges through the country.Since the abrupt dismantling of the stringent zero-Covid regime, cases have skyrocketed in China.A full picture of the impact is difficult to gauge.
Blockchain Fails to Gain Traction in the Enterprise
Blockchain, the technology underpinning bitcoin and other cryptocurrencies, for years has been viewed by some companies as a way to drive industry-transforming projects, among them the tracking of assets through complex supply chains.So far, that hasn't happened.The latest effort to run aground was that of A.P. Moller-Maersk A/S and International Business Machines Corp., which hoped to follow shipments via the blockchain.