- Climate hypocrisy: EU industry cools on carbon levy with freebie phase out on horizon Carbon Market Watch
- Europe’s world-first carbon tariff is coming. Here’s what to know. Canary Media
- EU expands carbon border tax to garden tools and washing machines Financial Times
- CBAM changes trade rules: India needs carbon pricing, not exemptions Vision IAS
- Massive trade shift incoming — EU’s carbon border tariff pressures China, India, Turkey, Brazil to clean up exports Regtechtimes
Category: 3. Business
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Climate hypocrisy: EU industry cools on carbon levy with freebie phase out on horizon – Carbon Market Watch
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Raya Power makes a solar-battery system you can put in…
Meghan Wood, CEO of Raya Power, thinks solar and batteries should be as easy to install as a typical household appliance, durable enough to provide backup power for critical devices during storms and heat waves, and sophisticated enough to help lower everyday energy bills.
“Solar can give you a return on investment; it can give you resilience — and I want that to be as normal as getting Wi-Fi,” Wood said.
The Raya Power unit that Wood and cofounder Nicole Gonzalez designed is meant to hit all those marks. Think of it as a portable alternative to rooftop solar, one that looks a bit like an external cellar door from the space age.
The white triangular boxes are topped with 1.35 to 1.8 kilowatts of solar panels and contain 2.5 to 5 kilowatt-hours of battery storage. That blended solar and battery power can be fed into appliances using typical 120-volt or 240-volt plugs, or wired directly to air conditioning systems — all without touching broader household wiring and triggering the need for electrical permits.
In essence, Wood said, it’s a backyard solar “all-in-one box — a hybrid inverter, battery, communications, and electronics.” It even comes with enough ballast to keep it solidly on the ground in Category 3 storms. And unlike rooftop solar systems that can take days or weeks to install, permit, and interconnect under utility supervision, a Raya Power installation takes about two hours, “and then you’re running dedicated appliances.”
Rooftop solar and battery systems are great for those who can afford them, she said. But they’re out of reach for low-income households and people who rent their homes, like Wood does — an early inspiration for her research into alternative solar-battery combos.
Meanwhile, do-it-yourself balcony solar systems, which are popular in Germany, aren’t yet compatible with current U.S. electrical codes and standards, and that bars them from being plugged into household power sockets — at least for now.
Wood and Gonzalez, who met at a wedding during graduate studies at Stanford University, thought they could design a product that married the best of both those worlds. Gonzalez, a Puerto Rico native who was working on the NASA Mars Rover project when Hurricane Maria hit in 2017, wanted something her parents could have used to keep their lights on and communications up and running after the storm devastated the island’s electrical grid.
And Wood, a Stanford Impact Founder fellow at the university’s Doerr School of Sustainability, wanted a system that could avoid the “soft” costs of labor, permitting, and interconnection, which constitute about two-thirds of the total price tag of a typical U.S. rooftop solar and backup battery installation.
“That was the whole goal from the start: How do we eliminate the soft costs?” Wood said. “What can you do that avoids any type of permitting, and then go from there?”
Trying out the systems in the real world
Now, with $1 million in pre-seed funding, Wood and Gonzalez are ready to put the technology into the field. Over the coming months, the startup will deploy its first 20 or so units at homes in Puerto Rico and California.
Those units will draw from the grid to power the air conditioners, refrigerators, and other devices they’re connected to when that’s the cheapest option, Wood explained. When the sun is shining, they’ll switch to using solar power for those appliances. But they’ll never push power back to the utility grid, which obviates the need to win utility interconnection approvals.
Raya Power cofounders Meghan Wood and Nicole Gonzalez stand next to a shipping crate containing a Raya Power solar-battery unit in San Juan, Puerto Rico. (Raya Power) The startup’s first systems are being installed in partnership with philanthropic organizations looking for solar-battery options for low-income communities. That includes the Environmental Defense Fund, which has spent the past few years helping the island of Culebra, Puerto Rico, more toward 100% carbon-free power.
That project has put rooftop solar-battery systems on some commercial buildings and homes, said Dan Whittle, who leads the Environmental Defense Fund’s work in the Caribbean. “But without subsidies, public or private, it’s just too expensive to cover 100 percent of low-income homes,” he said.
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Huawei and Partners Win 2025 Glotel Awards
[London, United Kingdom, December 12, 2025] At the 13th annual Global Telecoms (Glotel) Awards, Huawei earned the BSS/OSS Modernization Excellence Award with Safaricom Kenya, the Delighting the Customer Award with Telkomsel, and Highly Commended of Security Solution of the Year with China Mobile.
Hosted by Telecoms.com — Informa’s telecom industry media title — Glotel recognizes companies that make outstanding contributions to the evolution and transformation of the communications industry. The awards are a testament to Huawei’s and its partners’ innovation and business achievements in the intelligent operations landscape.
AI is becoming the driving force for intelligence in the OSS/BSS (Operations Support System/Business Support System) domain of operators. Safaricom partnered with Huawei to pioneer an AI-powered Idea-to-Cash (I2C) platform based on a CBS (Convergent Billing System). Leveraging generative AI models and asset accumulation in the telecom domain, I2C automates data-driven offer design, instant configuration and hyper-personalized marketing, using natural language commands. I2C has significantly improved the agility of services,shortened Time-to-market (TTM) from months to days, achieved 90% higher configuration accuracy than using manual configuration, conversion rates doubled compared to traditional campaigns, and resulted in significant ARPU growth on I2C-created offers. Moreover, I2C advances digital inclusion, identifies underserved users, and provides tailored solutions like data validity extensions and complimentary bundles.
Safaricom and Huawei win BSS/OSS Modernization Excellence Award
In Indonesia’s competitive market, with 356 million mobile network connections and 125% mobile penetration, Telkomsel partnered with Huawei on AI-Augmented Digital Twins project. Leveraging Spatio-Temporal Digital Twin and LLM capabilities, Telkomsel enabled real-time OSS/BSS orchestration with Self-X functions for dynamic NPS (Net-Promoter-Score) monitoring, creating the industry’s first digital NPS measurement to integrate Network, Service, and Product NPS. The initiative delivered a 15% NPS uplift, 22% data usage increase through enhanced QoE (Quality-of-Experience), and 1.5% ARPU (Average-Revenue-Per-User) growth, driving significant revenue gains, demonstrating a pioneering new means of experience monetization.
Telkomsel and Huawei win the Delighting the Customer Award
Huawei and China Mobile built an intelligent operation and control capability for AI+BOSS, covering pre-event prevention, in-event control, and post-event auditing. We also developed and deployed a comprehensive “AI + Data Security” protection solution to enhance the overall data lifecycle security protection capabilities across the entire network, achieving data that is perceivable, controllable, visible, and traceable. Through this solution, China Mobile has achieved significant achievement in pre-event with sensitive-data classification and identification accuracy exceeds 99%, in-event with risk analysis completed within 30 seconds for normal operations and 12 seconds for high-risk operations, and in post-event with auditing efficiency improved by 95%.
China Mobile and Huawei won the Highly Commended of Security Solution of the Year Award
With the rapid development of AI, intelligence operations have been integrated in the whole process of operators’ value chain, Huawei Services & Software is committed to working with global operators to actively embrace the new opportunities brought by intelligence. We aim to enhance business automation and deliver an exceptional user experience across more value scenarios along the user journey, jointly creating a path toward fully intelligent operations and unlocking new growth.
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Mirakl Launches First-Ever Advertising Campaign, A Fully AI-Generated Christmas Film
100% AI-generated campaign showcasing the power of agentic commerce to transform business operations
PARIS & BOSTON – December 12, 2025 – Mirakl, the leading provider of eCommerce software solutions, today announced the launch of its first-ever advertising campaign, ‘Santa Quits’, a groundbreaking 60-second holiday film that is 100% AI-generated. Created in collaboration with AiCandy, Australia’s first fully AI-powered creative production company, the campaign marks Mirakl’s bold entry into brand advertising while demonstrating the transformative potential of AI in both commerce and creativity.
The campaign can be viewed here.
The campaign arrives at a pivotal moment as the eCommerce industry stands on the brink of its next major evolution: agentic commerce, where AI agents autonomously handle product discovery, comparison, and purchasing on behalf of consumers and businesses.
The lighthearted narrative carries a powerful business message: even the most established operations need modern infrastructure to meet today’s impossible expectations. Just as Santa couldn’t manage Christmas alone, businesses need AI-powered platforms to scale operations, optimize complex workflows, and deliver seamless customer experiences.
The choice to create an entirely AI-generated campaign reflects Mirakl’s commitment to innovation and its position at the intersection of AI and commerce. The campaign spotlights Mirakl Nexus, the company’s infrastructure designed to power agentic commerce.
“This campaign represents a milestone for Mirakl, not just as our first advertising effort, but as a statement about who we are as a company,” said Hugo Weber, Vice-President of Mirakl. “We chose to create a 100% AI-generated film because we don’t just talk about innovation, we embody it. Just as we help the world’s leading enterprises harness AI to transform their commerce operations, we’ve used AI to reimagine how we tell our own story. It’s bold and it reflects the same pioneering spirit we bring to solving our customers’ most complex challenges.“
Santa Quits’ will run globally across digital and social channels throughout the 2025 holiday season. The campaign features three core activations: LinkedIn sponsored video targeting enterprise decision-makers, programmatic media placements on leading technology publications (with a business, tech and retail focus), and YouTube pre-roll ads appearing alongside agentic commerce and AI automation content.The 60-second film was strategically timed for release in the final days before Christmas, reinforcing the narrative that Mirakl’s platform helps solve seemingly impossible challenges with moments to spare.
Models used : Veo, Kling, Runway, Sora, Seedance, Suno and Topaz
Executive Producers: Hugo Weber & Romain Séchan (Mirakl)
Creative & AI Production: AiCandy, Australia
AiCandy, Head of Creative: Marcus Tesoriero
AiCandy, Head of Production: Kent Boswell
AiCandy, AI Film Director: Dr Machakil
Sound Designer: Matt Perrott (Mighty Sound)
Colourist: Keiran Lee
Media Agency: SPN part of Cosmo5
About Mirakl
Mirakl is the leading provider of eCommerce software solutions. Mirakl’s suite of solutions provides enterprises with a transformative way to drive significant growth and efficiency in their online business.
Since 2012, Mirakl has been pioneering the platform economy, empowering retail and B2B enterprises with the most advanced, secure and scalable technology to digitize and expand product assortment through marketplace and dropship, improve efficiency in supplier catalog management and payments, personalize shopping experiences, and boost profits through retail media.
Mirakl is trusted by Airbus, Best Buy, Decathlon, Macy’s, Ulta and 450+ industry-leading businesses worldwide. For more information: www.mirakl.com.
Media Contact
Press@mirakl.com
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Asian shares track US stock market’s rise to record highs despite AI bubble worries
MANILA, Philippines — Asian shares rose on Friday, tracking Wall Street’s climb to records despite a sell-off for Oracle as worries persisted about a potential bubble in artificial-intelligence technology.
U.S. futures fell while oil prices advanced.
Japan’s Nikkei 225 index climbed 1.2% to 50,768.12, rebounding from the previous session’s losses.
Investors remain cautious ahead of next week’s policy meeting of the Bank of Japan, where it is expected to raise interest rates, but technology shares helped lead broad gains.
Softbank Group’s 6% jump in early trading slipped to a 1% gain by midday.
In Chinese markets, Hong Kong’s Hang Seng index rose 1.4% to 25,881.66 while the Shanghai Composite index picked up 0.2% to 3,882.40.
An annual planning meeting, the annual Central Economic Work Conference in Beijing on Wednesday to Thursday, setting China’s priorities for 2026. According to state media reports, those include working to reverse a decline in investment and to boost consumer spending. However, no major policy shifts were reported.
In Australia, the S&P/ASX 200 rose 1.3% to 8,700.80.
In Seoul, South Korea’s Kospi rose nearly 0.7 to 4,138.64.
Taiwan’s Taiex index added 0.2% while India’s BSE Sensex rose 0.4%.
On Thursday, the S&P 500 inched up 0.2% to 6,901.00 and eked past its prior all-time closing high, which was set in October. The Dow Jones Industrial leaped 1.3% to 48,704.01, to top its own record set last month. The Nasdaq composite lagged behind and slipped 0.3% to 23,593.86 because of weakness in AI stocks.
It’s the latest return to records for the market following what had appeared to be a debilitating set of worries. Some of the most recent included concerns about what the Federal Reserve will do with interest rates and whether all the dollars flowing into AI chips and data centers will produce profits and productivity as prolific as proponents are promising.
The Fed on Wednesday cut its main interest rate for the third time this year and indicated another cut may be ahead in 2026. Wall Street loves lower interest rates because they can boost the economy and send prices for investments higher, even if they potentially make inflation worse.
But a return to records for the U.S. stock market does not mean all worries are gone.
Oracle dropped 10.8% and had briefly been on track earlier in the day for its worst loss since 2001, when the dot-com bubble was still deflating. Doubts remain about whether all the spending that Oracle is doing on AI technology will be worth it.
Such doubts are weighing on the AI industry broadly, even as many billions of dollars continue to flow in.
Nvidia, the chip company that’s become the poster child of the AI boom and is raking in close to $20 billion each month, fell 1.5% Thursday. It was the heaviest weight on the S&P 500 because of its massive size.
In other dealings early Friday, U.S. benchmark crude oil gained 52 cents to $58.12 per barrel. Brent crude, the international standard added 49 cents to $61.77 per barrel.
The U.S. dollar rose to 155.70 Japanese yen from 155.58. The euro slid to $1.1737 from 1.1739.
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AP Business Writers Stan Choe and Matt Ott contributed.
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Garanti BBVA Named Best Transaction Bank in Türkiye by Euromoney
This international award showcases Garanti BBVA’s prowess across a broad range of transaction banking services, including cash management, liquidity solutions, trade finance, and value-added digital products designed to support the daily financial running of a business. Euromoney cited the bank’s innovation-driven approach, flexible solution design, and customer-centric service model as key factors in the selection process.
Garanti BBVA’s latest accolade is another feather in its cap, as the bank had previously received Euromoney’s Türkiye’s Best Cash Management Bank award on three separate occasions. This year’s award in the transaction banking category marks yet another achievement, illustrating the breadth of its offering and cementing its international standing in a different but closely related field.
Sinem Edige, Head of BBVA Corporate & Investment Banking (CIB) in Türkiye, said that the award was a testament to Garanti BBVA’s agile and tech-focused service model that turns digital transformation into tangible value for corporate clients. She pointed to the bank’s efforts to develop comprehensive solutions that help businesses become more operationally efficient, mitigate risks, and manage cash flows more effectively in a rapidly evolving economic environment.
Fellow Deputy CEO Cemal Onaran noted that the accolade demonstrates Garanti BBVA’s long-standing pledge to deliver practical, value-added solutions for businesses operating across Türkiye. He said the bank continues to prioritize responsiveness to changing client needs while maintaining a long-term partnership approach rooted in its radical client perspective.
Currently in its 56th year, the Euromoney Awards assess financial institutions at the sectoral, national, regional, and global levels. Banks are benchmarked on criteria such as product strength, technological infrastructure, client experience, and innovation capacity. The transaction banking category covers a broad spectrum of services enabling companies to operate efficiently in increasingly complex and fast-moving business environments.
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EssilorLuxottica to acquire Signifeye, further growing its ophthalmology clinics footprint – EssilorLuxottica
- EssilorLuxottica to acquire Signifeye, further growing its ophthalmology clinics footprint EssilorLuxottica
- Essilux acquires Signifeye and strengthens in ophthalmic sector ANSA
- EssilorLuxottica to buy Belgian ophthalmology platform Signifeye marketscreener.com
- EssilorLuxottica Acquires Signifeye in Belgium marketscreener.com
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Exclusive: BOJ to pledge more rate hikes at next week's policy meeting, sources say – Reuters
- Exclusive: BOJ to pledge more rate hikes at next week’s policy meeting, sources say Reuters
- BOJ to hike rates to 0.75% in Dec, 1.0% by next Sept, majority of economists say: Reuters poll Reuters
- Bank of Japan governor says economy has weathered Donald Trump’s tariffs Financial Times
- GBP/JPY eases as Yen strengthens on rising BoJ rate-hike expectations FXStreet
- BOJ May Hike Interest Rates Four Times by 2027, Ex-Official Says Bloomberg.com
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A.P. Moller – Maersk appoints new Chief Financial Officer
Executive Summary
- The A.P. Moller – Maersk Board of Directors appoints Robert Erni as new Chief Financial Officer
- Robert Erni is a Swiss national with more than 30 years of experience in finance functions across the global logistics sector
- Current CFO, Patrick Jany, will oversee the year-end closing and the annual report, to be announced on 5 February, after which the transition takes effect
Today, Maersk has appointed Robert Erni as the company’s next Chief Financial Officer (CFO) and Member of the Executive Board. He succeeds Patrick Jany, who has served the company over the past six years.
I would like to sincerely thank Patrick for his dedication and contributions, which have helped position the company for its next phase. On behalf of the leadership team, I wish him all the best in his future endeavors.Patrick Jany says: “It has been an exciting time to be part of Maersk, and the past six years have in many ways been truly unprecedented for the company. It has been a privilege to contribute to this transformation and time has now come for me to move on. I wish Maersk and my colleagues the very best moving forward on the journey.”
Robert Erni, a Swiss national, brings more than 30 years of experience in finance functions across the global logistics sector. He spent 20 years at Kuehne+Nagel, where he held several executive finance positions and was stationed in Hong Kong, India, Argentina, the United States and Switzerland. He later served as Group CFO of Panalpina, until the company was acquired by DSV, and most recently, he was Group CFO of Dachser, one of the leading global providers of supply chain solutions.
With Robert Erni, we welcome a highly qualified CFO with deep roots in the global logistics sector and a proven track record of driving process and cost efficiency as well as growth on a global scale. His extensive international experience and strong leadership profile make him an excellent fit for the Maersk team, and I look very much forward to working with him.On joining Maersk, Robert Erni comments: “I am truly excited to join Maersk, a company I have followed throughout my career and come to know from the customer side. Maersk is executing an ambitious and industry-defining strategy, and I look forward to contributing. I have always admired Maersk’s culture, which aligns closely with my own values, both professionally and personally.”
A smooth handover is ensured during Q1, with Patrick Jany overseeing the year-end closing and the annual report, to be announced on 5 February, after which the transition takes effect.
About Maersk
A.P. Moller – Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As a global leader in logistics services, the company operates in more than 130 countries and employs around 100,000 people. Maersk is aiming to reach net zero GHG emissions by 2040 across the entire business with new technologies, new vessels, and reduced GHG emissions fuels*.
*Maersk defines “reduced GHG emissions fuels” as fuels with at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil of 94 g CO2e/MJ.
For further information, please contact:
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Japan stocks higher at close of trade; Nikkei 225 up 1.44% – Investing.com
- Japan stocks higher at close of trade; Nikkei 225 up 1.44% Investing.com
- Nikkei climbs on Wall Street relief rally Business Recorder
- Japan Stocks Extend Winning Streak As Topix Hits Record High Finimize
- SoftBank shares slide as Oracle’s earnings revive concerns over AI investment payoffs TradingView
- Tokyo Stock Market Week Ahead: Nikkei 225 and Topix Face BOJ Rate Decision, CPI Print and Yen Volatility ts2.tech
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