PG&E Expects Power Demand to Double by 2040
PG&E executive Carla Peterman says the California utility giant is focused on how to add data centers and millions of electric vehicles in a way that puts downward pressure on power bills for customers. She speaks at the BloombergNEF Summit in New York. (Source: Bloomberg)
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Yahoo
an hour ago
- Yahoo
Apple doesn't have a shiny new thing to show off at WWDC. But that's not Tim Cook's biggest problem.
Apple often uses its annual developers conference to launch major new products. That doesn't seem likely this year. Instead, expect people to spend a lot of time focusing on Apple's weak points — exactly what CEO Tim Cook doesn't want. Apple kicks off its Worldwide Developers Conference on Monday — traditionally an event where the company tries to woo developers, users, and Wall Street all at once. Maybe that will happen this time around. But only because expectations are so low: Apple is limping into this year beset with all kinds of problems, from many directions, and it's not clear how it's going to work its way out from them. Let's get this part out of the way at the top: You, a normal person, are unlikely to care about anything Apple announces at WWDC this week. Two years ago, Apple used the event to unveil its Vision Pro headset; last year, it showed off Apple Intelligence, its entry into the AI wars. Forget the fact that both of those products underwhelmed once they launched — they were at least something new for Apple to talk about. But barring a surprise, it doesn't look like there will be any major new unveilings at WWDC this week. Bloomberg's Mark Gurman, who is exceptionally dialed into Apple, has a preview of what's on tap and it all seems underwhelming: Even the most ardent Apple fans are unlikely to be excited about new interfaces, icons, and names. And while Apple is scrambling to catch up in AI — turns out a bunch of the stuff it showed off last year has yet to actually materialize — it won't have much progress to announce this week. Gurman predicts that Apple's AI announcements "will be surprisingly minor and are unlikely to impress industry watchers, especially considering the rapid pace of innovation" from the likes of Google, Meta, and OpenAI. All of which means people watching and thinking and talking about Apple may likely end up focusing on Apple's problems, instead of its promise. Not a place Tim Cook wants to be — and not where investors want him to be, which is why Apple stock is down more than 18% in 2025. Here's a look at what he's facing right now: Tariff trouble: Exactly how much will Apple have to pay to bring in new phones and other gadgets to the US from China? And what happens if they shift production — or at least final assembly — of those products to India or Vietnam? Who knows? Donald Trump's tariff policies remain fluid at best. Trump continues to insist that he wants Apple to build its products in the US — regardless of whether that's possible — and the spectre of some kind of Trump-imposed tax that makes Apple products much more expensive remains a real possibility. AI angst: Apple has two very big problems when it comes to AI. As my colleague Alistair Barr points out, Apple's competitors have long, long leads in AI research, and it's unclear if Apple will ever be able to keep up. Right now, it can't even provide working versions of stuff it showed off a year ago. There's a possible future where Apple does just fine not having cutting-edge AI because it can simply use its massive distribution advantage — a billion-plus Apple devices in people's pockets. But being wholly dependent on other people for tech that's supposed to be table stakes in a few years isn't a great place to be. Government headaches: Regulators around the world have been lining up to take a crack at Apple — including the US Department of Justice, which filed an antitrust lawsuit against the company a year ago. (A separate federal antitrust against Google could also hurt Apple, by potentially ending a long-standing deal where Google pays Apple more than $20 billion a year to make its search engine the default on iPhones.) Apple's most persistent foe seems to be the European Union, which has come out with a series of rulings and judgments against Apple. Some of these don't seem crucial to Apple's future — see, for instance, its move to change the charging ports on its phone to adapt to an EU mandate a few years ago. But Apple says an EU ruling forcing it to change the way it runs it powerful App Store is "yet another example of the European Commission unfairly targeting Apple in a series of decisions that are bad for the privacy and security of our users, bad for products, and force us to give away our technology for free," and is pushing back as hard as it can. (It's also hoping that Donald Trump's administration will come to its aid.) Developers, developers, developers: Europeans aren't the only ones complaining about the way Apple runs its App Store. It continues to hear from a loud contingent of developers who complain that Apple's rules around its store unfairly hamper their business. In the case of Fortnite-maker Epic Games, that kicked off a legal fight that started in 2020, and took a sharp turn earlier this year when a US judge ruled that Apple had to allow developers to tell users they could buy stuff from them without going through the App Store — a move that could threaten a huge stream of revenue for Apple. But the app store also generates a vibes problem for Apple, with high-profile critics like Apple blogger John Gruber arguing that Apple has gone from courting developers to making it hard for them to make a living. Apple is most definitely sensitive to that criticism, which is why it often puts out press releases pointing out how much money developers make by selling stuff via Apple. (Its newest release puts that number at $1.3 trillion in 2024 alone.) And this week's event, remember, has the word "developer" in the title, so you can expect Apple to continue to insist that it's on the software guys' side. Don't be surprised if you hear from folks who feel otherwise. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Malaysia to host first Global Skills Forum outside Geneva, under ASEAN Year of Skills
GENEVA, June 9, 2025 /PRNewswire/ -- Malaysia has been honoured with the international recognition of hosting the Global Skills Forum (GSF) 2025, marking the first time the prestigious event will be held outside of Geneva. The official announcement was made on June 9 by Malaysia's Minister of Human Resources, The Honourable Steven Sim Chee Keong, during a high-level event co-organised with the International Labour Organization (ILO) in Geneva. The GSF main event will take place in Kuala Lumpur on 22–23 October 2025. Malaysia's selection as host reflects not only its role as Chair of ASEAN 2025, but also the country's growing leadership in workforce transformation, labour market reform and human capital development. The GSF 2025 will also serve as a flagship initiative under the ASEAN Year of Skills (AYOS), led by Human Resource Development Corporation, an agency under the Ministry of Human Resources Malaysia. First hosted by the ILO in Geneva in 2024, GSF's second edition in Malaysia signals global confidence in the country's skills leadership and future-of-work readiness. Malaysia's Global Commitment: Skills Access Without Borders "GSF 2025 is not just about future skills – it is about fairness," said Minister Steven Sim. "Whether you are a coder in Hanoi, a delivery rider in Jakarta, or a factory worker in Kuala Lumpur, your work deserves respect, your safety deserves protection, and your skills deserve investment." He continued, "To commemorate this important milestone, I am pleased to announce the global expansion of e-LATiH, Malaysia's national online learning platform. e-LATiH now offers free and borderless access to reskilling and upskilling content for any learner, anywhere in the world." "Additionally, as announced during the ASEAN Human Capital Development Investment Symposium on 27 May, Malaysia is opening our National Training Week (NTW), taking place from 14 to 21 June 2025, to all ASEAN citizens for the first time. The programme will offer over 65,000 free skills development courses, delivered through both online and physical formats, covering areas such as artificial intelligence, digitalisation, green technology, and leadership. We welcome ASEAN citizens to join us in this regional initiative," concluded Minister Steven Sim. GSF 2025 will convene 200+ delegates from 16 countries, including ministers, experts, industry and union leaders, and global bodies. Strategic objectives include: Strengthening regional cooperation on skills mobility and labour certification. Accelerating investment in green and digital skills. Strengthening public-private partnerships in workforce development through Sector Skills Bodies (SSBs) and innovation-driven ecosystems. Launching Malaysia's National Human Resources Policy 2024–2030 as a model for ASEAN-wide collaboration. Against this backdrop, GSF 2025 will serve as a platform to address key workforce challenges, including: Gig economy integration and protectionsGSF 2025 will tackle gig work formalisation and protections, with Malaysia leading via its upcoming Gig Workers Bill, scheduled for tabling in Parliament in the second half of 2025. Expanding social protection for all workersGSF 2025 will explore inclusive models for income security and universal protection, addressing gaps faced by informal, migrant, and self-employed workers in ASEAN. Rethinking occupational safetyFollowing Malaysia's ratification of ILO Convention C155, GSF 2025 will examine how digitalisation, remote work, and labour fragmentation are reshaping workplace safety and regulations. Private sector at the centre of skills innovationFor the first time, GSF 2025 will spotlight private sector leadership, with industry, employers, and training providers driving agile, future-ready skills systems. For information, For media and partnership, CommsPR@ View original content to download multimedia: SOURCE Human Resource Development Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
an hour ago
- Bloomberg
Bloomberg Surveillance 6/9/2025
TV Shows Bloomberg Surveillance Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
