Category: 3. Business

CAMBRIDGE/SEOUL, November 6, 2025 – Hyundai Motor Group today announced a strategic partnership with CuspAI, a frontier AI startup pioneering the discovery of breakthrough materials, to accelerate the development of innovative materials through artificial intelligence (AI) technology.

Hyundai Motor Group and CuspAI have signed a partnership agreement in Cambridge, United Kingdom, to establish a framework for their collaboration across multiple domains.

The rapid advancement of AI technology has established ‘AI for Science’ as an emerging paradigm for addressing complex scientific challenges, particularly by driving innovative approaches in the pharmaceutical and materials industries. Expanding beyond widely known applications like language or image generation, AI for Science can leverage generative AI to analyze extensive scientific datasets, propose novel molecular structures or biological sequences, and significantly reduce the time, cost, and uncertainty involved in research and development.

In this context, Hyundai Motor Group is accelerating the adoption of AI technologies to enhance the efficiency, durability, and stability of next-generation materials, integrating them into its future smart mobility solutions.

Oslo/Manila, 6 November 2025: Scatec, a leading renewable energy solutions provider, and its joint venture partner Aboitiz Renewables, have been awarded a 20-year Power Purchase Agreement (PPA) for a 68 MW floating solar project in the Philippines under the Department of Energy’s Green Energy Auction Program 4 (GEA 4). The project will be developed through SN Aboitiz Power (SNAP), the companies’ joint venture in the Philippines where Scatec owns 50%.

The floating solar plant will be located on the Magat reservoir in the Isabela province, where SNAP already operates a 388 MW impoundment hydropower facility, an 8.5 MW run-of-river hydropower facility, and a 24 MW battery storage system (BESS). The project demonstrates the scalability of hybrid renewable energy solutions by combining solar power with existing hydropower infrastructure.

“This award further strengthens our platform in the Philippines and underlines our ability to scale innovative, hybrid renewable energy solutions. Floating solar on hydropower reservoirs is a smart way to add clean capacity with minimal land use and strong grid integration,” says Terje Pilskog, CEO of Scatec.

The Magat floating solar project will contribute to the Philippines’ renewable energy targets of reaching 35% renewable energy share by 2030 and 50% by 2040. It will also support Scatec’s strategic ambition to grow its solar and storage portfolio in the country, where SNAP currently has 56MW of BESS under construction and another 80MW in backlog.

The project is expected to reach financial close and start construction in 2026 and Commercial Operations Date (COD) in 2027. The project will be constructed based on proven technology for the floating installation with long track record in the Southeast Asia region. Additional details on capex and financing will be provided at financial close.

For further information, please contact:
For analysts and investors:
Andreas Austrell, SVP IR
andreas.austrell@scatec.com
+47 974 38 686

For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com
+47 468 44 959

About Scatec 
Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets. As a long-term player, we develop, build, own, and operate renewable energy plants, with 6.2 GW in operation and under construction across five continents today. We are committed to growing our renewable energy capacity, delivered by our passionate employees and partners who are driven by a common vision of ‘Improving our Future’. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com or connect with us on LinkedIn.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

American households have become dependent on Amazon.

The numbers say it all: In 2024, 83% of U.S. households received deliveries from Amazon, representing over 1 million packages delivered each day and 9 billion individual items delivered same-day or next-day every year. In remarkably short order, the company has transformed from an online bookseller into a juggernaut that has reshaped retailing. But its impact isn’t limited to how we shop.

Behind that endless stream of packages are more than a million people working in Amazon fulfillment centers and delivery vehicles. Through its growing dominance in retail, Amazon has eclipsed its two major competitors in the delivery business, UPS and FedEx, in terms of package volume.

What is life like for those workers? Between Amazon’s rosy public relations on the one hand and reporters’ and advocates’ troubling exposés on the other, it can be hard to tell. Part of the reason is that researchers like us don’t have much reliable data: Workers’ experiences at companies such as Amazon, UPS and FedEx can be a black box. Amazon’s arm’s-length relationship with the drivers it depends on for deliveries makes finding answers even harder.

But that didn’t stop us. Using unique data from the Shift Project, our new study, co-authored with Julie Su and Kevin Bruey, offers the first direct, large-scale comparison of working conditions for drivers and fulfillment employees at Amazon, UPS and FedEx based on survey responses by more than 9,000 workers.

What we found was deeply troubling – not only for Amazon drivers but also for the future of work in the delivery industry as a whole.

2 models, 2 realities

For nearly a century, driving delivery trucks has been a pathway to the middle class, as epitomized by unionized jobs at UPS. UPS drivers, who have been members of the Teamsters union for decades, are employees with legal protections and a collective-bargaining contract.

In contrast, Amazon has embraced a very different model. Most important is that Amazon does not directly employ nearly any of its delivery drivers.

Instead, its transportation division, Amazon Logistics, relies on two methods to deliver most of its shipments: Amazon Flex, a platform-like system that treats drivers like independent contractors, and Amazon DSP, a franchise-like system that uses subcontractors. DSP subcontractors are almost all nonunion, and the company has cut ties with DSP contractors whose drivers have attempted to unionize. These practices place downward pressure on the wages and working conditions of drivers throughout the industry.

The impact on workers is stark.

Delivery workers at Amazon receive significantly lower wages than at UPS and FedEx, we found. Wage gaps are especially large between the delivery workers at Amazon, who earn US$19 an hour on average, and the unionized drivers at UPS, who make $35.

We also found that unionized UPS drivers have a clear pathway to upward mobility, while Amazon drivers don’t. At UPS, wages increase sharply the longer a worker has been on the job. Pay starts at $21 an hour, reaching nearly $40 an hour for drivers who’ve been with the company for at least 10 years – which is more than half of them.

At Amazon, wages start at $17 an hour and don’t increase with tenure. Nearly half of workers have less than a year on the job.

Between lower wages, more unstable schedules, fewer benefits and limited protections from employment laws, Amazon drivers struggle to make ends meet. More than 1 in 4 told us they had gone hungry because they couldn’t afford enough to eat within the past month, and 33% said they couldn’t cover their utility bills. Compared to drivers at UPS and FedEx, Amazon drivers face significant financial instability.

On top of that, Amazon drivers face intense workplace surveillance and speed tracking – as do workers at the company’s fulfillment centers. Sixty percent of both types of Amazon workers received frequent feedback on the speed of their work from a technological device, and more than two-thirds said that Amazon monitors the quality of their work using technology. That degree of technological surveillance and tracking far outpaces what UPS and FedEx workers told us they were exposed to, representing an extreme case of worker monitoring and performance assessment.

Using nonemployee drivers contributed to the exponential growth of Amazon as a package delivery company. In 2023, Amazon for the first time delivered more packages than UPS, making it the second-largest parcel carrier in the country – surpassed only by the U.S. Postal Service.

By building an online retail empire with the capacity to deliver the majority of its own shipments, Amazon’s expansion continues. UPS, by contrast, has seen drops in its revenues, stock value and market capitalization. Amazon’s sheer size and giglike approach are therefore changing industry standards, putting downward pressure on wages, benefits and job stability across the delivery sector.

The contrast between Amazon and UPS drivers isn’t just about two companies using different models for package delivery – it represents two competing futures for work. As the second-largest retail company and now largest private delivery company in the U.S., Amazon exerts market power that impacts the working conditions of workers beyond its own delivery drivers. Recent reporting indicates that UPS has been experimenting with using gig deliveries, much to the consternation of the union that represents three-quarters of its workforce.

In the post-World War II era, increasing unionization led to better wages and conditions across much of the economy, including nonunionized sectors. The continuing expansion of Amazon’s business model could signal the unraveling of wages, benefits and protections for working people more generally.

MILWAUKEE–(BUSINESS WIRE)–
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced that it has been named a Leader in the IDC MarketScape: North America Retail Digital Banking Solutions 2025-2026 Vendor Assessment (doc #US52039425, November 2025).

According to the report, “Experience Digital is suited for banks and credit unions of all sizes, direct banks, and neobanks seeking a core-agnostic digital banking solution deployable across multiple environments. It is especially relevant for existing Fiserv core clients seeking a unified vendor for both core and digital banking, while also offering flexibility for on-premises or cloud-hosted deployment.”

“We believe being recognized by the IDC MarketScape as a Leader affirms the strength of our strategy and the trust our clients place in us,” said Whitney Russell, Head of Digital and Financial Solutions, Fiserv. “At Fiserv, we are empowering financial institutions to deliver the kind of digital experiences that deepen relationships, drive growth and define the future of banking.”

The IDC MarketScape provides a rigorous, structured framework for evaluating technology providers, going beyond market share to assess product capabilities, strategic direction, and long-term success potential.

“As consumers and small businesses increasingly turn to digital banking, Experience Digital enables institutions of all sizes to deliver a full range of sought-after experiences,” said Marc DeCastro, Research Director at IDC. “This positions financial institutions to remain central to real-time money movement, bill pay, P2P, and alerts for the customers they serve.”

Built to unify consumer and business banking across online and mobile channels, Experience Digital integrates seamlessly with both Fiserv and non-Fiserv core platforms, payments, and merchant services. The platform offers two deployment paths:

– Configure Digital – for institutions seeking a configurable solution

– Create Digital – for those building custom experiences with internal development teams

Experience Digital also connects with:

– Finxact® – Fiserv’s cloud-native core

– CashFlow Central^SM – accounts payable/receivable platform

– Clover® – the world’s smartest point of sale system

Together, these integrations create a unified digital ecosystem that bridges retail banking, small business services, and payments.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

About Fiserv

Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world’s smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index, one of TIME Magazine’s Most Influential Companies™ and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.

FI-G

View source version on businesswire.com: https://www.businesswire.com/news/home/20251106402965/en/

For more information contact:

Media Relations:

Mark Jelfs

Senior Manager, Communications

Fiserv, Inc.

+1.262.737.8244

mark.jelfs@fiserv.com

Source: Fiserv, Inc.

Released November 6, 2025

Belfast Harbour

Press Eye

Clean energy transition

‘A fundamental role’

Analysis: Not an investment in renewable power for NI

Vodafone has chosen Germany-based Inter.link to provide automated, high-quality interconnectivity between its European networks and those of third-party Internet Service Providers (ISPs), content players, and other operators. The move will bolster Vodafone’s existing wholesale business offering a broad range of connectivity and messaging services.

Inter.link delivers automated, carrier-grade backbone infrastructure at speeds of 100 gigabits per second (Gbps) or 400 Gbps, connecting essential intersections across diverse networks within the broader Internet ecosystem. 1 Gbps typically supports around 1.5 million instant messages.

Rapidly scale interconnection

Vodafone will use Inter.link’s automated service, which is available in multiple countries, including 30 points of presence in Germany, to more quickly and easily aggregate both mobile and fixed broadband traffic between itself and multiple third-party providers of all sizes.

By utilising the Inter.link system, called FlexPeer, instead of traditional physical internet exchanges, third-party providers can efficiently scale capacity into Vodafone’s fixed and mobile access networks as needed to serve their customers across Europe. They can connect multiple sites over a single ‘Layer 2’ data link, adjusting capacity to actual traffic without affecting the user experience.

Initial launch in Germany

Vodafone, in partnership with Inter.link, will launch the service in Germany next month, where Vodafone currently manages over 4,000 interconnections with other providers. The company plans to extend the service to additional countries in 2026.

This model of interconnection has been developed to address the evolving complexities of a rapidly expanding, multi-tiered commercial internet environment. It enhances resilience and minimises operational overheads, while maintaining efficient Internet traffic flow between end users, their providers, and the services being accessed—such as video streaming, messaging, or browsing social media applications.

Reduce peering costs

Transitioning to an automated and flexible interconnection system will reduce time, resources, and peering costs (expenses for connecting different networks) for Vodafone and its wholesale customers. This approach is particularly beneficial for managing the numerous points that connect infrastructure to exchange internet traffic directly. It also puts less strain on the engineering team that plan where the traffic goes when volumes increase.

Focus on customer service

By integrating Inter.link’s solution at the edge of Vodafone’s networks, Vodafone can concentrate on delivering improved services to other mobile network operators and broadband providers, thereby enhancing its existing carrier services model. Inter.link’s automation streamlines processes and expedites the customer journey by offering single sign-on access and one-click provisioning.

Vodafone aims to migrate all traffic in Germany from existing Internet Exchange Points to the new system by the end of 2025. In addition to Europe, the two companies will enable third party providers connecting to Vodafone’s wider global network infrastructure to also leverage Inter.link’s automated platform for improved latency, resiliency and quality.