 |
|
|
|||||
Following continuous trade tensions between the European Union and the United States, the European Commission moved forward with the enforcement of its digital antitrust rules on Alphabets Google and Apple. On Wednesday, the commission said in a press release that Alphabet treats its own services, such as shopping, hotel booking, transport, or financial or sports results, more favorably than other results offered by third parties, and that Alphabet displays its own services at the top of Google Search results with enhanced visual formats and filtering mechanisms. The commission noted that it informed Alphabet that its app marketplace, Google Play, does not comply with the Digital Markets Act (DMA), as app developers are prevented from steering consumers to other channels that may have better offers. Alphabet now has the opportunity to review the documents in the commission investigation file and respond. If the commission upholds its preliminary assessment, it would then issue a noncompliance decision. We will keep engaging with the Commission and comply with its rules,” Google said in a blog post. “But todays findings now increase the risk of an even worse experience for Europeans. The DMA is designed to regulate large platforms like Google, Apple, and Meta, and boost competition, but in reality, it is having the opposite effect by hurting European businesses and consumers.” In another press release, the commission specified the measures that Apple has to take to comply with certain aspects of its interoperability obligation. According to the commission, interoperability enables a deeper and more seamless integration of third-party products with Apple’s ecosystem and is the key to opening up new possibilities for third parties to develop innovative products and services on Apple’s gatekeeper platforms. The commission then outlined its recommendations for Apple to enhance the interoperability of its iOS devices with competitors’ products, such as headphones, smartwatches, and virtual reality headsets, in order to comply with the DMA. These included requiring Apple to improve the compatibility of third-party smartwatches and headphones with iPhone and iPad operating systems and simplifying the pairing process for users. Todays decisions wrap us in red tape, slowing down Apples ability to innovate for users in Europe and forcing us to give away our new features for free to companies who dont have to play by the same rules, the company said in a statement to the Wall Street Journal. The decisions on Apple and Google are just the latest of an escalating trade war between the U.S. and EU. On March 13, President Trump threatened to impose a 200% tariff on European alcoholic beverages in response to the EUs 50% tariff it imposed on American-made spirits. The EUs move came in retaliation to Trumps 25% tariffs on aluminum and steel, which took effect on March 12.
Category:
E-Commerce
The climate tech sector is at a crossroads. We have the tools we need to fight climate change, but the real challenge is scaling and deploying them. This is where climate-curious outsiders play a crucial role. At Epic Cleantec, a company I cofounded to tackle water scarcity through innovative reuse technology, none of us came from an environmental background. That outside perspective turned out to be a huge advantage. When I began this journey, I didn’t know much about water. I wasn’t a trained environmental or civil engineer, which meant I never even learned about how things were traditionally done. This lack of traditional expertise freed us from being tied down by how things were “supposed” to work, allowing us to find fresh solutions to persistent problems. My path to climate tech was anything but linear. I had flirted with a wide range of disparate career paths spanning veterinarian, chef, club promoter, historian, political lobbyist, and lawyer. I even briefly entertained becoming a rabbi, until my own rabbi convinced me not to take that path. Unsurprisingly, I often faced skepticism at conferences and industry events, where our company’s unconventional approach was met with doubt. But here’s the key takeaway: Solving the climate crisis isn’t just about creating new technology. It’s about turning these innovations into practical, widespread solutions. That’s where operational know-how comes insomething outsiders often bring to the table. People who’ve run businesses, managed complex regulations, and scaled global operations have the experience to make climate solutions a reality. Why climate tech needs outsiders The climate tech industry has largely been driven by environmental scientists and policymakers. But solving the climate crisis calls for more than just scientific advancesit requires major business transformation. To truly deploy climate solutions on a global scale, we need the same expertise that turned industries like fintech, e-commerce, and cloud computing into giants. Investors get it. BlackRock CEO Larry Fink predicts the next wave of unicorns will come from climate tech. But to build these companies, we need more than passion. We need professionals who understand scalingproduct managers who can push out software, operations experts who can optimize supply chains, and strategists who know how to drive rapid market adoption. The idea that climate tech needs deep environmental knowledge is a misconception. Whats truly needed are professionals who know how to turn great ideas into sustainable, scalable businesses, all while navigating complex regulations. The future of climate impact depends on commercial success. The solutions are ready, they just need deployment A lot of the technology needed to curb emissions and build climate resilience is already here. From energy storage to electrification, water reuse to regenerative agriculture, many solutions are ready to go. So, the challenge isnt really about innovation; its about implementation. Just look at how SaaS and fintech industries scaled quickly by leveraging automation, networks, and efficient capital use. If we applied those same strategies to climate tech, we could meet our climate goals much faster. Imagine applying the lessons learned during the rapid growth of ride-sharing or cloud services to solar energy, battery tech, or industrial decarbonization. Climate tech isnt just about better tech; its about changing systems. It requires navigating complex regulations, aligning with ever-changing corporate sustainability goals, and getting entrenched industries on board. Outsiders who have scaled companies in heavily regulated fields like healthcare, finance, and transportation are particularly equipped to drive this change. A crucial moment for climate tech Climate tech isnt a niche anymoreits becoming one of the most exciting frontiers of innovation. As more professionals from traditional tech and business sectors seek out purpose-driven careers, climate tech offers a unique blend of meaning and market opportunity. The influx of outsiders isnt just helpful, its essential. For climate tech to thrive, we need to embrace professionals with diverse and wide-reaching expertise. Industry leaders must actively recruit people with transferable skills, and investors must see the value in teams that blend technical knowledge with business acumen. Solving the climate crisis isnt just about inventing new technologiesits about getting them into the world at scale, fast. The opportunity is huge, but the urgency is even greater. To meet global climate goals, we must think outside the box and bring in the people who are ready to challenge the norms. For those climate-curious, theres never been a better time to dive in because climate tech isnt just the future of innovation, its the future of business. The Fast Company Impact Council is a private membership community of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual membership dues for access to peer learning and thought leadership opportunities, events and more.
Category:
E-Commerce
Amtrak CEO Stephen Gardner said Wednesday he will step down immediately after more than four years as head of the U.S. passenger railroad, citing concerns about maintaining the carrier’s support from President Donald Trump‘s administration. “I am stepping down as CEO to ensure that Amtrak continues to enjoy the full faith and confidence of this administration,” Gardner said in a statement. Billionaire Elon Musk, who is advising Trump on plans to radically shrink the U.S. government, said earlier this month he thought Amtrak should be privatized. The White House and Transportation Department did not immediately comment on whether the administration had asked Gardner to step down. Amtrak did not respond to a request for comment. Trump during his first term repeatedly sought to cut funding to Amtrak, which received about $2.4 billion in annual federal support in 2023. Congress last week approved $2.42 billion for Amtrak through September 30 in annual funding. Amtrak said in December ridership topped 2019 pre-COVID-19 levels for the first time in 2024 and reached a record high even with less capacity. Ridership increased over 15% in 2023 to a record 32.8 million customer trips, as passenger revenue hit $2.5 billion, up 9% over the prior year. The rail operator reported an adjusted operating loss of $705 million for the 12 months ended September 30, down 9% versus 2023. Amtrak in March said it was boosting passenger services on the East Coast as it aims to double ridership nationwide by 2040 to 66 million passengers. Congress approved $66 billion for rail projects as part of a massive infrastructure bill in 2021, with $22 billion dedicated to Amtrak over five years on top of regular funding. In 2023, then President Joe Biden announced $16.4 billion in grant funding for 25 rail projects on Amtraks Northeast Corridor — Boston to Washington — which is the busiest U.S. rail corridor with 800,000 daily trips in a region representing 20% of the U.S. economy. Many bridges, tunnels and other parts of the corridor are in serious need of repairs, especially a key tunnel connected New York City and New Jersey. David Shepardson, Reuters
Category:
E-Commerce
All news |
||||||||||||||||||
|
||||||||||||||||||