BP Pledges Further Cost, Portfolio Review
The London-based company said Tuesday that second-quarter underlying replacement-cost profit—a metric similar to net income its U.S. peers report—was $2.35 billion compared with $1.82 billion analysts had expected, according to a company-compiled consensus.
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Yahoo
36 minutes ago
- Yahoo
Envirotainer invests in Swiss Airtainer to drive sustainable innovation in pharmaceutical cold chain
As the pharmaceutical industry intensifies its focus on both reliability and sustainability, Envirotainer has taken a decisive step forward in pharmaceutical cold chain innovation. The global leader in secure cold chain solutions announced a strategic investment in Swiss Airtainer, a young but fast-rising leader in lightweight, technology-driven container design. Through this partnership, Envirotainer gains exclusive global rights to market and operate Swiss Airtainer's advanced containers, while Swiss Airtainer will scale its production capacity and accelerate ongoing R&D. Founded in 2019 and headquartered in Switzerland, Swiss Airtainer has quickly established itself as a key innovator in temperature-controlled air cargo. Its containers are designed for pharmaceuticals, vaccines, and other high-value perishables, leveraging IoT-driven monitoring and eco-friendly materials to cut emissions and costs without sacrificing reliability. Technology Meets Sustainability Swiss Airtainer's active RKN container is the lightest in the industry and comes equipped with solar panels that provide self-sustaining energy. Coupled with IoT-enabled real-time communications, the container allows for greater visibility and optimized operations. These advancements mark a significant shift in how high-value, temperature-sensitive products like vaccines and biologics can be transported across global networks. The emphasis on weight reduction and renewable energy translates directly into lower CO₂ emissions, a growing priority for shippers and logistics providers under regulatory and corporate sustainability mandates. 'Swiss Airtainer's technology enables significant CO₂ reductions and strengthens our commitment to sustainable innovation,' said Niklas Adamsson, Interim CEO of Envirotainer, in a news release. 'Our mission has always been to ensure safe and reliable delivery of critical medicines while minimizing environmental impact.' The addition of Swiss Airtainer's solution complements Envirotainer's existing sustainability-focused lineup, which includes the flagship Releye family of containers. Together, the offerings represent a comprehensive approach to modern cold chain logistics, balancing reliability, cost-efficiency, and measurable reductions in climate impact. 'We are proud to join forces with Envirotainer, a company that shares our vision for a more sustainable future. This partnership will accelerate the development and global adoption of smart, low-impact cold chain solutions, says Eduard Seligman, CEO of Swiss Airtainer, in a news release. Broader Industry Implications The pharmaceutical cold chain is at an inflection point. On one hand, demand for temperature-sensitive medicines continues to grow, with biologics and advanced therapies placing even greater strain on global distribution networks. On the other hand, regulators, manufacturers, and logistics providers face mounting pressure to cut carbon emissions. By investing in container technology that is lighter, more energy-efficient, and digitally connected, Envirotainer and Swiss Airtainer are signaling where the industry is headed: toward solutions that safeguard product integrity while actively reducing environmental impact. Envirotainer's climate targets have already been validated by the Science Based Targets initiative (SBTi), underscoring its commitment to measurable progress. This latest move adds another dimension, practical, operational tools that customers can deploy immediately to align with sustainability goals. This partnership offers a preview of the future: smarter containers that integrate renewable energy, digital visibility, and lightweight design into one solution. The post Envirotainer invests in Swiss Airtainer to drive sustainable innovation in pharmaceutical cold chain appeared first on FreightWaves. 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
36 minutes ago
- Yahoo
Google tweaks Google Play conditions following EU pressure
PARIS (Reuters) -Alphabet unit Google said on Tuesday it will make it easier for app developers to steer customers to channels other than Google after the European Union competition watchdog charged it with breaching EU regulations. In March, Google was hit with two charges of breaching the EU's landmark Digital Markets Act (DMA), which aims to rein in the power of Big Tech. Google has been in the European Commission's crosshairs since early 2024 over whether it restricts app developers from informing users about offers outside its app store Google Play and whether it favours its vertical search services such as Google Flights. Regulators have said Alphabet technically prevents app developers from freely steering consumers to other channels for better offers. They said a service fee charged by the company for facilitating the initial acquisition of a new customer by an app developer via Google Play goes beyond what is justified. In a blog post, Google said that following discussions with the European Commission, developers, and other experts, Google is updating certain terms. "While we still have concerns that these changes could expose Android users to harmful content and make the app experience worse, we're updating our External Offers Program for the EU with revised fees and more options for Android developers, following DMA discussions with the European Commission," EMEA Senior Competition Counsel Clare Kelly said. The company, which has been fined more than 8 billion euros ($9.3 billion) by the EU for various antitrust violations, risks fines of up to 10% of its global annual sales if found guilty of breaching the DMA. ($1 = 0.8580 euros)
Yahoo
an hour ago
- Yahoo
Should the state pension age be increased to 70? Have your say
The government has commissioned a review into the pensions system as it grapples with rising life expectancy and an ever-growing bill. Yahoo UK's poll of the week lets you vote and indicate your strength of feeling on one of the week's hot topics. After the poll closes, we'll publish and analyse the results each Friday, giving readers the chance to see how polarising a topic has become and if their view chimes with other Yahoo UK readers. A review into the UK's pensions system could see the state pension age increased to 70. Dr Suzy Morrissey, who has been commissioned by work and pensions secretary Liz Kendall to carry out the review, said she would consider the merits and fairness of linking state pension age to life expectancy. With life expectancy projected to keep on rising, according to the Office for National Statistics, the number of pensioners is also expected to have increased by more than 50% by the 2070s. However, the working age population is only projected to have grown by over 10%, Kendall said in July, "making it even more imperative to help future pensioners put into a savings pot they can rely on in the future". Dr Morrisey will also look at the role of the state pension age in "managing the long-term sustainability" of the system, and examples from other countries. This is believed to include looking at Denmark, which recently raised the age of retirement to 70. Government spending on the state pension from 2025-26 is projected at £146bn, according to Department for Work and Pensions estimates – up 63% over the past 10 years and 183% over the past 20 years. With spending on the state pension forecast to increase to £169bn, accounting for inflation, by 2030, some have argued an increase of the retirement age is inevitable. While maintaining the triple lock, a mechanism that guarantees pension increases, modelling from 2022 shows that to keep public spending on state pensions below 6% of national income, the state pension age would have to rise by 69 by 2048–49 and 74 by 2068–69. The Institute for Fiscal Studies says that increases in the state pension age "are a coherent policy response to the fiscal challenges from rising longevity at older ages", and lead some people to remain in paid work for longer. However, the think tank also warns that those reaching retirement age renting in the private sector are at "heightened risk of poverty throughout their retirement" due to inadequate savings, and calls for means-tested benefits to help the hardest hit. Catherine Foot, director of the Standard Life Centre for the Future of Retirement, told the Telegraph that the group experiencing the fastest-growing rate of poverty among working-age adults is people aged 60-65. She said many of this cohort have "fallen out of work due to things like ill health, caring responsibilities or ageism in the labour market" and that any increases to the retirement age would have to be accompanied by policies that help people stay in back on Friday to read the results and analysis via the link below. Read more of Yahoo UK's Poll of the Week articles
