When COVID-19 lockdowns forced the public and businesses to a standstill, the world saw a temporary respite from pollution, a brief drop in global emissions, and a glimpse at the future we could have if we changed the way we impact our environment. How can we make that future a reality? On June 30, a subset of the Fast Company Impact Council, an invitation-only group of entrepreneurs, business leaders, and innovators across industries, considered that question.
In a roundtable discussion led by Fast Company senior editor Morgan Clendaniel, business leaders discussed the Future of the Planet—and what businesses can do to create better sustainability policies. The session participants were, in alphabetical order: Caroline Brown, managing director at Closed Loop Partners; Audrey Choi, chief marketing officer and chief sustainability officer at Morgan Stanley; Jonathan Neman, CEO and founder of Sweetgreen; Gayle Schueller, VP and chief sustainability officer at 3M; Troy Swope,
New government data show the low unemployment rate in computer occupations contradicts Trump administration claims an economic emergency requires the quick implementation of new H-1B visa rules. A new analysis indicates the government’s own data do not support the claims made in the regulations, which makes it more likely federal courts will block the new rules.
On October 8, 2020, the Department of Labor (DOL) and the Department of Homeland Security (DHS) published “interim final” rules to restrict H-1B visas, asserting a “good cause” exception to the Administrative Procedure Act (APA) to allow the H-1B rules to go into effect quickly without permitting the public to comment. DOL and DHS cited
Regulatory frameworks in emerging markets and developing economies (EMDE) should be redrawn to reflect the size, scope and growth of Big Tech firms in financial services, says the Financial Stability Board.
The FSB report for G20 finance ministers and central bank governors finds that the expansion of Big Tech firms in financial services in EMDEs has generally been more rapid and broad-based than that in advanced economies.
Lower levels of financial inclusion in EMDEs create a source of demand for Big Tech firms’ services, particularly amongst low-income populations and in rural areas where populations are under-served by traditional financial institutions.
While the expansion of Big tech companies like Facebook, Google and Amazon has some benefits, their activity also gives rise to operational and consumer protection risks and concerns about market dominance, states the FSB.
This applies as much to local incumbents as consumers, who the FSB fears may be
The European Union plans to impose new and stricter regulations on a “hit list” of 20 large internet companies — including Google, Facebook, Amazon, and Apple.
EU regulators, who are seeking new powers to police Big Tech in Europe, are currently drawing up that “hit list.” The companies will be subject to more stringent rules in an effort to curb their market power.
The list of rules will be based on criteria such as the number of users a company has, or the market share of revenues, according to The Financial Times. It could also include technology companies deemed so powerful that rivals can’t trade without using their platforms.
Companies that find themselves on the list may face new rules that could force them to be more transparent about the information they gather and regulations requiring them to share data with their competitors. It’s likely that the list will
Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all.
The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus.
In this series, we help you keep up with the latest news from the world of apps, delivered on a weekly basis.
Apple declared monopoly by U.S. House Judiciary subcommittee on antitrust
Apple was one of the four big tech companies the House Judiciary subcommittee on antitrust declared as having enjoyed
A US judge in California ruled Friday that Apple could bar Epic Games’s “Fortnite” game from its App Store, but the tech company must not harm Epic’s developer tools business.
“The Court maintains its findings from the temporary restraining order and hereby grants in part and denies in part Epic Games’ motion for a preliminary injunction,” District Judge Yvonne Gonzalez Rogers ruled.
Last month, Epic Games had filed for a preliminary injunction that would put its game back in the App Store and restore its developer account after Apple terminated Epic Games’ account on its App Store.
Epic sued Apple in August alleging anticompetitive behavior. The lawsuit came after Epic rolled out its own payment system in the popular Fortnite video game.
Apple does not allow such alternative payment systems and removed Fortnite from the App Store and threatened to terminate Epic’s developer accounts, which would have affected Epic’s other
A judge ruled Friday that Apple doesn’t have to allow Fortnite back in the App Store while its developer, Epic Games, sues the tech giant—an initial victory for Apple as the high-stakes legal battle over the App Store unfolds.
Apple removed Fortnite from the App Store in August after Epic intentionally breached its contract by circumventing Apple’s mandatory fees, claiming that Apple’s policies are anticompetitive.
U.S. District Judge Yvonnne Gonzalez Rogers wasn’t convinced that Fortnite should be allowed on the App Store while it flouts Apple’s rules. “Epic Games cannot simply exclaim ‘monopoly’ to rewrite agreements giving itself unilateral benefit,” she said.
Epic Games did notch a victory, though, because the
Microsoft is developing an iOS app to bring Game Pass to the iPad and iPhone, circumventing Apple App Store rules, Business Insider reported Thursday.
“We absolutely will end up on iOS,” Microsoft gaming boss Phil Spencer told employees at an all-hands meeting Wednesday, according to Business Insider.
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Microsoft announced in August that its Project xCloud video game service would be released September for free to Xbox Game Pass Ultimate subscribers. The service gives people access to more than 100 games on the Xbox or PC, as well as its Xbox Live gaming social network.
Microsoft said at the time that devices powered by Google’s Android operating system would be supported but said Apple was blocking its
The agencies have not published a copy of the new regulations, leaving hundreds of thousands of engineers, doctors and other skilled professionals mostly guessing about the scope of their impact, even as Trump administration officials described the measures in superlative terms.
“In DHS’s history, we have never done as much in the H-1B space as we are announcing today,” said Ken Cuccinelli, the senior official performing the duties of the DHS deputy secretary.
Cuccinelli and Patrick Pizzella, the deputy labor secretary, told reporters the measures were being implemented using an expedited process because of the coronavirus pandemic’s impact on the U.S. workforce.
“With millions of Americans looking for work and as the economy continues its recovery, immediate action is needed to guard against the risk that lower-cost foreign labor can pose to the well-being of U.S. workers,” Pizzella told reporters on a conference call.
Deutsche Börse, Germany’s stock exchange operator, is considering stringent new admission rules as part of reforms in the wake of the Wirecard accounting-fraud scandal.
It is also proposing increasing the size of the blue-chip DAX index (^GDAXI) from 30 to 40 companies.
“It’s no secret that I personally would welcome the expansion of the Dax 30 to a Dax 40,” said Deutsche Börse chief executive Theodor Weimer on Monday. “I am looking forward to the result and am sure that the further development of the criteria will help the German capital market to achieve further quality.”
READ MORE: German lawmakers to launch parliamentary probe into Wirecard scandal
Investors have until 4 November to submit their comments on the stricter new admission criteria, which include banning companies from the DAX if they don’t submit their accounts on time.