Category: 3. Business

  • Preplanned Studies: Effectiveness and Acceptability of A Community-Based Comprehensive Smoking Cessation Intervention Incorporating Traditional Chinese Medicine Therapy — Qingdao City, Shandong Province, China, December 2023–December 2024



    Introduction: Traditional Chinese Medicine (TCM) provides a practical and safe approach to smoking cessation. However, research examining its integration into community-based smoking cessation programs in Chinese mainland remains limited.







    Methods: This cluster randomized controlled trial selected 20 matched communities in Qingdao and randomly assigned them in a 1∶1 ratio to intervention or control groups, with 10 communities per group. Community health centers recruited voluntary smokers seeking cessation as study participants. The final sample comprised 239 participants in the intervention group and 250 in the control group, totaling 489 participants. The intervention group received a comprehensive TCM-based community intervention incorporating acupuncture and auricular acupressure, while the control group received standard self-help smoking cessation materials. Follow-up assessments were conducted at one, three, and six months post-enrollment. Logistic regression models were employed to evaluate the intervention’s impact on smoking cessation outcomes.







    Results: Logistic regression analysis adjusted for covariates demonstrated that the intervention group achieved significantly superior smoking cessation outcomes at all follow-up time points compared to the control group. At 6 months, participants in the intervention group showed significantly higher probabilities of achieving sustained cessation [adjusted odds ratio (aOR)=2.44, 95% confidence interval (CI): 1.08, 5.50], attempting cessation (aOR=5.01, 95% CI: 3.14, 7.99), reducing smoking consumption (aOR=2.99, 95% CI: 2.00, 4.45), and maintaining 7-day point prevalence abstinence (aOR=3.76, 95% CI: 2.04, 6.90).







    Conclusions: These findings provide compelling evidence supporting the integration of TCM smoking cessation therapies into community-based cessation services. The results offer innovative perspectives and empirical evidence for advancing smoking intervention models in public health practice.







    Smoking cessation represents the most effective strategy for reducing population-level smoking prevalence. However, unassisted attempts to quit achieve success rates of only 3.00%–5.00% (1). While evidence-based research in modern medicine has established Traditional Chinese Medicine (TCM) acupuncture as a feasible, effective, and low-risk therapeutic approach for smoking cessation (2), a significant research gap persists regarding the effectiveness of community-based acupuncture interventions for smoking cessation. This community-based trial conducted in Qingdao, China, from December 2023 to December 2024, evaluated the effectiveness of an integrated TCM smoking cessation intervention. The study enrolled 489 eligible participants, with 239 assigned to the TCM intervention group and 250 to the control group. At each follow-up assessment, the intervention group demonstrated significantly higher rates of continuous abstinence, seven-day point prevalence of abstinence, smoking reduction, and quit attempts compared to the control group. Adjusted logistic regression analysis revealed that relative to controls, the intervention group had 2.44 times higher odds of achieving continuous abstinence [95% confidence interval (CI): 1.08, 5.50], 5.01 times greater likelihood of attempting smoking cessation (95% CI: 3.14, 7.99), 2.99 times increased probability of smoking reduction (95% CI: 2.00, 4.45), and 3.76 times elevated odds of seven-day abstinence (95% CI: 2.04, 6.90) at six-month follow-up.







    Based on the sample size formula for cluster randomized controlled trials, each group required a minimum of 72 participants. To ensure adequate statistical power, we recruited additional participants beyond this threshold. We selected 20 matched communities in Qingdao and randomly assigned them in a 1∶1 ratio to either intervention or control groups. Community health service centers recruited approximately 25 participants per community from voluntary quitters who had at least one year of smoking history and had smoked daily in the previous month. The control group received standard self-help smoking cessation materials distributed by community health workers (Figure 1). Given the distinctive nature of TCM treatment protocols, blinding participants to group assignment was not feasible. The intervention group participated in a comprehensive TCM smoking cessation program comprising two key components: TCM therapeutic services in the form of body acupuncture administered 2 to 3 times weekly for eight weeks, combined with auricular acupressure involving seed replacement every 2 to 3 days for eight weeks. Trained community physicians performed all acupuncture and auricular point pressing procedures following standardized protocols developed by the China Academy of Chinese Medical Sciences (CACMS). To ensure treatment consistency across all sites, these physicians completed two intensive training sessions provided by CACMS, focusing on precise point location, needling techniques, and auricular pressing methods (3). Supportive environmental interventions encompass comprehensive public education on tobacco-related health risks, disseminated through multiple channels, including timed releases of risk information via community WeChat groups and offline materials such as posters and bulletin boards. The program featured six educational lectures at community health centers covering topics including smoking health risks, cessation benefits, and firsthand quit-smoking experiences, with each lecture reaching at least 50 community residents. Additional activities included smoking cessation competitions, smoke-free family initiatives, smoke-free community programs, and complimentary TCM medical consultations after each lecture. Community workers implemented supportive activities to create an environment conducive to smoking cessation.









    Figure 1. 

    Flowchart of participant recruitment and progression throughout the study — Qingdao City, China, 2023.





    Participants underwent follow-up assessments at one, three, and six months post-intervention. The primary outcome was continuous abstinence rate (CAR), while secondary outcomes included seven-day point prevalence of abstinence rate (PPAR), smoking reduction rate, and quit attempt rate at each follow-up timepoint. We applied the following standardized definitions: a quit attempt was defined as self-reported abstinence lasting ≥24 hours; seven-day PPAR required self-reported continuous abstinence for ≥7 days preceding the follow-up assessment; CAR indicated sustained self-reported abstinence maintained since enrollment; and smoking reduction was defined as a ≥50% decrease in daily cigarette consumption compared to baseline levels (excluding participants who reported complete abstinence). All analyses adhered to intention-to-treat (ITT) principles, with participants lost to follow-up conservatively classified as current smokers. Participants who missed all three follow-up assessments were considered lost to follow-up while remaining included in ITT analysis.







    Data analysis was performed using SPSS (version 25, IBM Corporation, Armonk, US) and R software (version 4.4.3, R Foundation for Statistical Computing, Vienna, Austria). Continuous variables following normal distributions were presented as mean ± standard deviation (SD), while non-normally distributed variables were summarized as median (interquartile range, IQR). Categorical variables were described using frequencies and percentages. We conducted logistic regression analysis to identify factors associated with six-month smoking cessation outcomes, with results reported as odds ratio (OR) and 95% CI. All statistical tests were two-tailed, with P<0.05 considered statistically significant.







    This study enrolled 489 smokers, with participants distributed by 239 in the intervention group and 250 in the control group. The study population was predominantly male (98.57%) with a mean age of 47.75 years. The majority of participants were married (87.53%) and employed (66.05%), while 40.69% had achieved college-level education or higher. Participants consumed an average of 14.13±8.12 cigarettes per day at baseline (Table 1).










    Table 1. 
    Baseline characteristics of participants — Qingdao City, China, December 2023 – December 2024 [N (%)].




    At each follow-up time point, the intervention group consistently demonstrated significantly superior rates across all smoking cessation outcomes compared to the control group. Specifically, the intervention group achieved higher quit attempt rates, seven-day PPAR, CAR, and smoking reduction rates at 1-month (43.51% vs. 14.00%, 26.36% vs. 8.80%, 23.85% vs. 7.60%, and 37.24% vs. 22.40%; P<0.05), 3-month (54.81% vs. 19.20%, 29.71% vs. 6.80%, 19.25% vs. 4.40%, and 43.10% vs. 30.40%; P<0.05), and 6-month follow-ups (61.09% vs. 22.40%, 30.96% vs. 8.00%, 17.57% vs. 4.00%, and 46.03% vs. 22.80%; P<0.05).







    Logistic regression analysis was performed to identify predictors of six-month CAR, incorporating all aforementioned variables. The results revealed that participants in the intervention group demonstrated 2.44 times greater likelihood of achieving sustained smoking cessation at six months compared to the control group [adjusted OR (aOR)=2.44, 95% CI: 1.08, 5.50]. Additionally, higher educational attainment (aOR=2.37, 95% CI: 1.44, 3.89) and poorer perceived health status (aOR=2.16, 95% CI: 1.03, 4.54) significantly enhanced the probability of successful cessation. Conversely, higher daily cigarette consumption substantially reduced cessation success (aOR=0.93, 95% CI: 0.89, 0.97). The comprehensive results are presented in Table 2.










    Table 2. 
    Logistic regression analysis of influencing factors of the six-month CAR — Qingdao City, China, December 2023 – December 2024 (n=489).




    Identical logistic regression models were employed to examine intervention effects on six-month quit attempt rates, seven-day PPAR, and smoking reduction rates. The analysis demonstrated that participants in the intervention group exhibited 5.01 times higher odds of making quit attempts (aOR=5.01, 95% CI: 3.14, 7.99), 2.99 times greater odds of achieving smoking reduction (aOR=2.99, 95% CI: 2.00, 4.45), and 3.76 times elevated odds of attaining seven-day PPAR (aOR=3.76, 95% CI: 2.04, 6.90) compared to the control group, with all differences reaching statistical significance (Table 3).










    Table 3. 
    Comparison of cessation outcomes between the intervention and control groups at a six-month follow-up — Qingdao City, China, December 2023 – December 2024.




    To address potential confounding from baseline differences, we conducted comprehensive sensitivity analyses. The results confirmed that the intervention’s beneficial effects on all outcome variables maintained statistical significance (P<0.05) across all model specifications, with consistent positive effect directions (β>0), demonstrating the robustness of our primary findings (Table 4).









    Elements Model 1 (unadjusted) Model 2 (adjusted)* Model 3 (adjusted)
    β (95% CI) P β (95% CI) P β (95% CI) P
    Quit attempt rate 5.44 (3.66, 8.07) <0.01 4.27 (2.73, 6.68) <0.01 5.01 (3.14, 7.99) <0.01
    Smoking reduction rate 2.89 (1.96, 4.26) <0.01 2.89 (1.96, 4.26) <0.01 2.99 (2.00, 4.45) <0.01
    Seven-day PPAR 5.16 (3.03, 8.79) <0.01 3.43 (1.88, 6.26) <0.01 3.76 (2.04, 6.90) <0.01
    CAR 5.12 (2.50, 10.46) <0.01 2.49 (1.13, 5.48) 0.02 2.44 (1.08, 5.50) 0.03
    Abbreviation: CI=confidence interval; PPAR=point prevalence of abstinence rate; CAR=continuous abstinence rate.
    * Covariates in model 2 included age, marital status, education, health status, chronic non-communicable diseases, Fagerström test for nicotine dependence.
    Covariates in model 3 included all baseline characteristics.


    Table 4. 
    Sensitivity analysis of the impact of intervention effects on various outcome variables at the 6-month follow-up.


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  • Baker McKenzie Advises Mesirow on Establishment of Geneva Office | Newsroom

    Baker McKenzie Advises Mesirow on Establishment of Geneva Office | Newsroom

    Baker McKenzie advised Mesirow, an independent, employee-owned financial services firm headquartered in Chicago, on the establishment of Mesirow’s new office in Geneva.

    This milestone represents the natural continuation of a partnership with Swiss-based Perreard Partners Investment SA (PPI), with whom Mesirow has collaborated closely since 2004 to deliver tailored currency management solutions to institutional clients across Switzerland. Mesirow currently manages approximately USD 50.2 billion1 for 20 clients in Switzerland. The Geneva office underscores Mesirow’s dedication to its Swiss currency management clients.

    Baker McKenzie Switzerland advised Mesirow on all legal matters related to this transaction.

    The team was led by partners Matthias Trautmann (M&A) and Ansgar Schott (Financial Services) and consisted of Susanne Liebel-Kotz (partner, tax), Tanja Schmid (senior associate, financial services), Pascal Dorier (associate, M&A), Andreas Becker (associate, employment), Ivan Tomic (associate, financial services), Philine Jenzer (trainee lawyer) and Fabrizio Zavatta (trainee lawyer).

    About Mesirow
    Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, the firm serves clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, Mesirow invests in what matters: its clients, communities and culture.

    About Mesirow Currency
    With more than USD 199B in currency assets,1 Mesirow Currency delivers innovative, customized currency solutions to institutional clients globally. Being a private, employee-owned firm, Mesirow is free from many conflicts of interest associated with bank-affiliated organizations or publicly held firms and is fully aligned with the interests of its clients. Mesirow Currency offers passive and dynamic currency risk management, currency for return (alpha), and outsourced trading solutions.

     


    1Currency assets under management includes AUM associated with (i) active and passive currency risk management products, (ii) non-fx overlay strategies such as equitization and beta overlays, and (iii) alpha strategies. In all such cases, AUM is calculated based on notional value of currency investments. Additionally, AUM for alpha strategies is adjusted because clients can select a volatility target (generally between 2% and 12% annualized), which is normalized to 2% in order to create a consistent depiction of alpha strategy AUM. This results in a “scaled” AUM, which is higher than the actual aggregate notional value of all alpha strategy portfolios if clients have selected a volatility target higher than 2%.

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  • The Indicator from Planet Money : NPR

    The Indicator from Planet Money : NPR

    Packages of ground beef are seen at a supermarket in Houston, Texas.

    RONALDO SCHEMIDT/AFP/Getty Images


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    It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. 

    On today’s episode: the effects of pay transparency, Meta’s big win, and freaky flies and beef. 

    Related episodes: 

    Are we entering a new dawn for antitrust enforcement? 

    Why beef prices are so high 

    For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  


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  • Japan’s exports to the world rise, but Trump’s tariffs dent its shipments to the US

    Japan’s exports to the world rise, but Trump’s tariffs dent its shipments to the US

    TOKYO — Japan’s global exports rose 3.7% in October from a year earlier while imports from the world edged up 0.6%, according to government data released Friday.

    Exports to the U.S. dipped 3.1%, marking the seventh straight month of year-on-year declines mainly due to higher U.S. tariffs, Finance Ministry data showed.

    President Donald Trump announced a trade framework with Japan in July, placing a 15% tax on goods imported from that nation. That’s lower than the 25% rate Trump initially said would kick in starting in August. Previously, tariffs on most goods stood at 2.5%.

    It’s a heavy burden for an export dependent nation that is a major U.S. ally, but shipments to the rest of Asia are helping to offset those lost sales.

    Japan’s soybean imports from around the world surged 37.3% from a year earlier, while imporyts of iron and steel products dipped 17.1%.

    Imports from the U.S. jumped 20.9% in October from a year earlier, mainly petroleum and food such as grains.

    Exports of computer parts and other machinery and buses and trucks to the U.S. declined.

    Japan’s exports to China climbed 2.1% last month from a year earlier. Exports to Hong Kong surged 19.2%, while those to Taiwan were up 17.7%.

    As a result, Japan narrowed its overall trade deficit to 231.77 billion yen ($1.5 billion) in October, down from 499.95 billion yen a year earlier.

    New worries have emerged recently over trade with China after Prime Minister Sanae Takaichi, the nation’s first female leader, made comments about Taiwan that have angered China,. That prompted Beijing to issue an advisory against travel to Japan.

    ___

    Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama

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  • Codelco and NTT DATA Sign Strategic Alliance to Accelerate Digital and Sustainable Transformation of Future Mining

    Codelco and NTT DATA Sign Strategic Alliance to Accelerate Digital and Sustainable Transformation of Future Mining

    November 21, 2025

    NTT DATA Group Corporation

    The agreement will enable the exploration and implementation of cutting-edge technologies — namely, advanced innovations that transform the industry and address global challenges, such as artificial intelligence and advanced connectivity networks, among others — with a focus on safety, sustainability, and the development of new capabilities.

    Tokyo, November 20, 2025. – NTT DATA, a global leader in AI, digital business and technology services, and Codelco (National Copper Corporation of Chile), have signed a memorandum of understanding (MoU) marking the beginning of a strategic alliance aimed at driving future mining. The agreement seeks to integrate emerging technologies and advanced solutions that strengthen automation, safety, and sustainability in the operations of the world’s leading copper producer.

    From left: Yutaka Sasaki, President and CEO, NTT DATA; Máximo Pacheco, Chairman of CODELCO’s Board of Directors; and Miguel Teixeira, CEO, NTT DATA IBIOL.

    This agreement was signed at NTT DATA’s global headquarters in Tokyo by Máximo Pacheco, Chairman of CODELCO’s Board of Directors, and Miguel Teixeira, CEO Iberia, International Organisations, LATAM and Consulting in Benelux and France at NTT DATA, Inc.

    Yutaka Sasaki, President and CEO of NTT DATA, attended the signing as a witness to acknowledge the collaboration between both parties. The MoU encompasses a wide range of collaboration areas, including advanced connectivity and digital infrastructure (5G/6G, photonic and satellite networks), generative artificial intelligence, robotics, quantum computing, autonomous operations, and clean technologies, among others.

    Potential joint initiatives will be implemented progressively through a cooperation model that promotes knowledge transfer, open innovation, and the creation of shared value between both organizations, combining NTT DATA’s global cutting-edge experience and capabilities to transform industrial processes with Codelco’s mining expertise.

    “The future of mining is built through alliances that allow us to learn, innovate, and adopt cutting-edge technologies to maintain our leading role globally. Every step we take in innovation serves a greater purpose: to strengthen Codelco as a pillar of sustainable development in Chile and the world,” highlighted Máximo Pacheco, Chairman of Codelco’s Board of Directors.

    “This alliance with Codelco represents a unique opportunity to combine our technological experience with the leadership of one of the world’s most important mining companies. Together, we will drive a new era of innovation and efficiency in global mining,” emphasized Miguel Teixeira, CEO Iberia, International Organisations, LATAM and Consulting in Benelux and France at NTT DATA, Inc.

    “Improving safety and productivity within the mining industry is fundamental. NTT DATA will help address these challenges by providing a comprehensive R&D framework that incorporates generative AI, autonomous control of robots, operational understanding through digital twins, and process productivity improvement using quantum computing,” added Yutaka Sasaki, President and CEO, NTT DATA. “We look forward to collaboratively advancing the product.”

    The agreement includes a governance structure with strategic committees and technical coordination teams responsible for evaluating challenges and opportunities, as well as prioritizing and overseeing the execution of programs and projects.

    About NTT DATA

    NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D. Visit us at nttdata.com.

    About Codelco

    Codelco is the world’s largest copper producer, specializing in the exploration, development, and extraction of mineral resources. It processes these resources to produce refined copper and by-products, which are then marketed to customers worldwide.

    Since the nationalization of copper in 1971, Codelco has contributed over $158 billion to the Chilean state (adjusted to 2023 values).

    The company operates seven major mining divisions in Chile: Chuquicamata, Ministro Hales, Radomiro Tomic, Gabriela Mistral, Salvador, Andina, and El Teniente, in addition to the Ventanas Refinery. Codelco also maintains commercial offices in the United Kingdom, United States, China, and Singapore.

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  • Energy price cap to edge up as temperatures plunge

    Energy price cap to edge up as temperatures plunge

    Millions of households will see a slight rise in gas and electricity prices at the height of winter, after regulator Ofgem outlined its next price cap.

    The 0.2% increase from the current cap will take effect at the start of January, and affect those on variable tariffs in England, Wales and Scotland.

    However, prices will be slightly lower than the same period the previous year.

    Gas and electricity bills remain relatively high, and the sudden drop in temperature has brought the costs to the forefront of people’s minds.

    “While wholesale energy costs are stabilising, they still make up the largest portion of our bills which leaves us open to volatile prices,” said Tim Jarvis, from Ofgem.

    But Dame Clare Moriarty, from Citizens Advice, said: “With bills still drastically higher than before the energy crisis, and due to rise again from April, it’s high time for decisions about the longer term.”

    The cap sets the maximum price that can be charged for each unit of gas and electricity, not the total bill – so those who use more energy, pay more.

    The Ofgem cap is illustrated with a household using a “typical” amount of 11,500 kWh of gas and 2,700 kWh of electricity a year with a single bill for gas and electricity, settled by direct debit.

    This illustrative household would see a £3 rise in its annual bill from £1,755 to £1,758.

    However, the amount used varies significantly between households, so the best way to calculate the change is to work out the percentage change from your own usual annual bill.

    Charities say they are seeing people owing increasing levels of unpaid bills and charges to suppliers.

    The total amount owed has reached a record £4.4bn, prompting plans from Ofgem to ensure energy companies write off some of that debt.

    Up to £500m could be knocked off the total under plans that the regulator wants to take effect early next year.

    Dhara Vyas, chief executive of Energy UK, which represents suppliers, said anyone facing difficulties paying should contact their energy provider as soon as possible.

    “We know that far too many people are struggling to pay for the energy they need to use,” she said.

    But she added that suppliers could help with efficient appliances, tailoring the tariff to customers’ needs or ensuring people were on the correct benefits.

    The government has hinted at extra cost-of-living support in the Budget on 26 November.

    One option said to be under consideration is removing VAT from energy bills, which would cut approximately £80 from annual bills.

    Energy Minister Martin McCluskey said: “We know that energy bills remain too high. That is why we are taking immediate action, with millions more families receiving £150 off their bills through the expanded Warm Home Discount scheme this winter.”

    However, analysts say the main driver of energy bills is shifting from sky-high wholesale prices to the cost of overhauling and maintaining the country’s energy networks.

    In the meantime, as the cold weather sets in, various tips are available to keep people warm while controlling costs, including clothing, insulation and heating rooms people are in rather than the whole home.

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  • UK government borrows more than expected in setback before budget | Government borrowing

    UK government borrows more than expected in setback before budget | Government borrowing

    The UK government borrowed more than expected in October, official figures show, in the final snapshot of the public finances before Rachel Reeves’s crunch budget.

    The Office for National Statistics said the government borrowed £17.4bn last month. That was lower than the same month last year, but still marked the third highest October deficit in the public finances on record. It is also higher than the £15bn City economists had forecast.

    In the fiscal year so far, borrowing is running at £116.8bn – 8.4% higher than the same period in 2024, the ONS added, underlining the challenge facing Reeves in balancing the books.

    The chancellor will deliver her second budget next Wednesday against a difficult political background, after the Treasury floated and then ditched plans to raise income tax.

    She is expected to raise taxes significantly, in response to a downgrade in economic forecasts from the Office for Budget Responsibility.

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  • Google and US government battle over the future of internet advertising

    Google and US government battle over the future of internet advertising

    Google will confront the U.S. government’s latest attempt to topple its internet empire in federal court on Friday as a judge considers how to prevent the abusive tactics that culminated in parts of its digital ad network being branded as an illegal monopoly.

    The courtroom showdown in Alexandria, Virginia, will pit lawyers from Google and the U.S. Department of Justice against each other in closing proceedings focused on the complex technology that distributes millions of digital ads across the internet each day.

    After a lengthy trial last year, U.S. District Judge Leonie Brinkema ruled in April that pieces of Google’s ad technology had been rigged in a way that made it an illegal monopoly. That set up another 11-day trial earlier this fall to help Brinkema determine how to remedy its anti-competitive practices.

    Friday’s closing arguments will give both Google and the Justice Department a final chance to sway Brinkema before she issues a ruling that probably won’t come until early next year.

    The Justice Department wants Brinkema to force Google to sell some of the ad technology that it has spent nearly 20 years assembling, contending a breakup is the only way to rein in a company that the agency’s lawyers condemned as a “recidivist monopolist” in filings leading up to Friday’s hearing.

    The condemnation refers not only to Google’s practices in digital advertising but also to the illegal monopoly that it unleashed through its dominant search engine. Federal prosecutors also sought a breakup in the search monopoly case, but the judge handling that issue rejected a proposal that would have required Google to sell its popular Chrome web browser.

    Although Google is still being ordered to make reforms that it’s resisting, the outcome in the search monopoly case has been widely seen as a proverbial slap on the wrist. The belief that Google got off easy in the search case is the main reason the market value of its parent company Alphabet surged by about $950 billion, or 37%, to nearly $3.5 trillion since U.S. District Judge Amit Mehta’s decision came out in early September.

    That setback hasn’t discouraged the Justice Department from arguing for a breakup of an ad tech system that handles 55 million requests per second, according to estimates provided by Google in court filings.

    The huge volume of digital ads priced and distributed through Google’s technology is one of the main reasons that the company’s lawyers contend it would be too risky to force a dismantling of the intricate system.

    “This is technology that absolutely has to keep working for consumers,” Google argues in documents leading up to Friday’s hearing. The company’s lawyers blasted the Justice Department’s proposal as a package of “legally unprecedented and unsupported divestitures.”

    Besides arguing that its own proposed changes will bring more price transparency and foster more competition, Google is also citing market upheaval triggered by artificial intelligence as another reason for the judge to proceed cautiously with her decision.

    In his decision in the search monopoly case, Mehta reasoned that AI was already posing more competition to Google.

    But the Justice Department urged the judge to focus on the testimony from a litany of trial witnesses who outlined why Google shouldn’t be trusted to change its devious behavior.

    The witnesses “explained how Google can manipulate computer algorithms that are the engine of its monopolies in ways too difficult to detect,” the Justice Department argued in court papers.

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  • NTT DATA Releases “Sustainability Report 2025” Highlighting Updated Materiality and Global Initiatives

    NTT DATA Releases “Sustainability Report 2025” Highlighting Updated Materiality and Global Initiatives


    News Releases.


    The services, prices of products and services, specifications, telephone numbers, etc. for inquiries and other information included in news releases are the data available on the day of the release. This information may be changed at any time without notice. In certain circumstances, due to various risks or unexpected occurrences, actual results may also be different from the plans or projections in news releases.

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  • Newsroom » Carlsberg Steps Up Renewable Energy Commitments Through Nordic PPAs « Carlsberg Group

    Newsroom » Carlsberg Steps Up Renewable Energy Commitments Through Nordic PPAs « Carlsberg Group

    Carlsberg is committed to sourcing all our electricity from new renewable assets. We are now strengthening this commitment with new Power Purchase Agreements (PPAs) across the Nordics.

    Carlsberg Group today announces the signing of long-term Power Purchase Agreements (PPAs) that will supply renewable electricity to our operations in Norway (Ringnes), Sweden (Carlsberg Sverige), and Finland (Sinebrychoff). These agreements, signed with three different energy suppliers, ensure that a large portion of the electricity use from these markets comes from new renewable assets.

    • Norway: Ringnes will buy 435 GWh over 10 years from the run-of-river hydro power plant Fennefoss, purchasing from the energy provider Å Energi. The offtake will begin in January 2026 and last 10 years. In the first year it will provide roughly 15 GWh of electricity to Ringnes Brewery, scaling up to 45 GWh after two years, when it will cover roughly 90% of their electricity consumption.
    • Sweden: Carlsberg Sverige will buy output from the Orken wind farm in Halland, Sweden, operated by the energy company, RWE. The agreement is for 8 years, starting January 2026. The Orken wind farm was built and commissioned in 2023 and has a yearly production of ca. 25 GWh. Carlsberg Sverige consumes ca. 32 GWh per year, meaning the PPA is expected to cover approximately 78% of the market’s electricity needs.
    • Finland: Sinebrychoff will buy volumes from an onshore wind farm in Paltusmaki, Finland, operated by the energy company Encavis. The agreement is for 10 years, starting January 2026. The power plant has been built and commissioned in 2021 and has a yearly production of ca. 60 GWh. Sinebrychoff consumes ca. 28 GWh per year, and the PPA is expected to cover ca. 90% of Sinebrychoff’s electricity’s needs. 

    With the three new agreements,

    And why does this matter? Signing a PPA means that the electricity will come from newly built renewable assets, like wind farms, solar parks and hydropower plants. There is growing scientific consensus that PPAs are superior to renewable energy certificates (RECs) in leading to additional renewable energy production and real emissions reductions. PPAs do this by providing long term offtake and revenue certainty for new renewable projects. With these agreements, we are actively adding renewable energy capacity to the Nordic region, helping accelerate the transition to clean energy.

    Torsten Steenholt, EVP Integrated Supply Chain, says: 

    “Securing renewable electricity through Power Purchase Agreements is a cornerstone of our sustainability programme. The new PPAs across the Nordics allow us to accelerate the green transition and support the development of additional renewable energy capacity. The three new agreements complement our existing PPAs in for example Lithuania, Denmark, and China. 

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