Video timeline: 0:00 EVs and plug-in hybrids are in the spotlight at Auto Shanghai 0:37 BYD’s Seagull and Li Auto’s L8 on display 1:58 How international companies like Volkswagen and Porsche are trying to keep up with Chinese EV companies 3:07 What’s next for China’s EV market?
WSJ’s Yoko Kubota heads to the most prestigious car show in China and takes a look at what’s driving the latest trends.
The car industry
The industry must reinvent itself to keep pace, says Simon Wright
Electrification
The car industry is electrifying rapidly and irrevocably
0:15 China build’s the world’s largest container ship – Mediterranean Tessa is nearly 400 metres long. Her deck area is the size of 4 football pitches. She can carry up to 240,000 tonnes of cargo or more than 24,000 standard containers. The ship is fitted with an air lubrication system. It blows tiny bubbles along the hull to reduce its resistance in the water.This reduces the ship’s CO2 emissions by up to 4% saving around 6,000 tonnes of CO2 a year.
1:36 The first cellphone call was made 50 years ago – On 3 April 1973, Motorola engineer Martin Cooper stood on a Manhattan street and called the landline of a rival who was racing to develop the cellphone, too. This was the world’s first mobile phone call. “I’m calling you on a cellphone,” Cooper said. ‘‘A personal, handheld, portable cellphone” the race was over. Cooper’s prototype became the first commercially available mobile phone. Motorola released the DynaTAC 8000x a decade later, in 1984. It was about the size of a shoebox and cost $11,500 in today’s money. Since then, mobile technology has transformed our lives. Watch to learn more about the first mobile phone call in the world.
3:40 South Korea to pay its citizens to have children – South Korea has the world’s lowest fertility rate. The average South Korean woman will have 0.78 babies in her lifetime. While the average fertility rate in OECD countries is 1.59. South Korea’s population is shrinking as a result. More people die each year than are born. Left unchecked, the country’s working-age population will almost halve by 2070. Globally, the fertility rate is declining it stands at 2.3 today. In 2000 it was 2.7. The UN predicts the global population will peak at 10.4 billion by 2080, but a recent study suggests the peak could be much lower and could arrive much sooner.
5:01 Why sleeper trains are being revived across Europe – The EU has provisionally agreed to call 2021 the European Year of Rail. It says boosting rail travel could help the bloc reach carbon neutrality by 2050.
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The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
Patients can now collect thousands of data points about themselves and share that information with their healthcare providers. At the Scripps Research Translational Institute, researchers are taking advantage of new technology to study disease in novel ways.
Their projects include a platform for early detection of disease outbreaks, a sleep quality study, and even a way to predict and individual’s risk of certain disease based on their genetics. In this video, hear directly from the team about this exciting new frontier.
0:15 Vanuatu takes the World to Court – The island state pushed through a historic UN motion which calls on the International Court of Justice, the world’s highest court to establish countries’ legal duties to address the climate crisis. The ICJ will provide an ‘opinion’ on what countries can do to cut emissions and protect people and protect climate-vulnerable people. Although the opinion won’t be legally binding, it will carry huge weight and could be used in climate negotiations and future climate lawsuits.
1:43 Japanese workers just got a historic payrise – Every year, unions of major companies negotiate wages in Spring, for shorter hours and better pay. This year, the parties agreed to a 3.8% wage rise, the biggest raise since 1993. For part-time and contract workers, the raise was even larger, 5.91% per hour. A rise in the cost of living drove the agreements. Consumer prices in Japan have risen 4.2% in a year, The sharpest rise for 40 years. And the real value of wages fell 4.1% in January for the tenth consecutive month.
3:03 Latvia has the most female inventors in Europe – A new study charted the gender gap in European inventors from 1978 to today by counting the women named in patent applications. From 2010-2019, 30.6% of Latvia’s inventors were women. Portugal took second place with 26.8% and third was Croatia, where 25.8% of inventors were women. 4:39 Friends are key to reducing inequality – Researchers wanted to know why some people climb the economic ladder faster than others. So they looked at the Facebook friendships of 72 million people. Here’s what they found.
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The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
0:15 What happened in the Credit Suisse takeover – The Swiss government has brokered an emergency takeover of Credit Suisse by rival bank UBS. Experts are calling it the ‘most dramatic moment in global banking’ since the 2008 crisis. The deal was worth $3.2 billion, that’s 6% less than what Credit Suisse was worth last Friday and wiped out $17 billion in additional tier 1(AT1) bonds. So what are AT1 bonds? AT1 bonds were created after the 2008 financial crisis when the banking industry became more regulated. They are a type of hybrid debt issued by banks. AT1 bonds can offer high returns. Watch to learn more about how the AT1 bonds were related to the Credit Suisse crisis.
1:48 The world’s lightest paint – It was inspired by butterflies’ wings. It’s so light that you could coat a Boeing 747 with just 1.5 kg of paint, rather than the 500 kg of paint typically used. Its inventors say it’s light enough to make cars and planes more energy-efficient. It absorbs less heat than standard paint and keeps underlying surfaces up to 16˚C cooler. So it could help us cut down on energy used for air conditioning
3:05 Belgium’s Artificial Energy Island – Belgium is building a new island in the North Sea to transform offshore wind energy. Princess Elisabeth Island will be 45km off the coast and will serve as a hub for the Princess Elisabeth Zone, a planned 3.5GW offshore wind farm. This artificial wind energy island will be 6 hectares in size, equivalent to around 12 football pitches. It will collect all the electricity generated by turbines, then send it to the mainland through undersea cables. The artificial wind energy island will also host interconnectors from the UK and Denmark, which will, in turn, connect to other North Sea wind farms. Construction is set to begin next year, and the island is due to be fully operational by 2030. Watch to learn more about Belgium’s artificial wind energy island.
4:11 Switzerland’s Solar Railway – Start-up Sun-Ways has collaborated with the Federal Institute of Technology Lausanne for a pilot project testing the panels on a section of rail near Buttes in Western Switzerland. If rolled out to the country’s entire 5,000km rail network they could supply 2% of Switzerland’s electricity. Sun-Ways believes 50% of the world’s railways could be equipped with its system.
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The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
0:15 NASA launches space based pollution monitor – It’s called TEMPO, which stands for Tropospheric Emissions: Monitoring of Pollution. Built by Ball Aerospace, TEMPO will measure levels of major air pollutants every hour from a geostationary orbit 22,000 miles above the equator. It will monitor a huge region of North America from Canada’s oil sands in northern Alberta to below Mexico City at a resolution of up to 4 square miles. Air pollution poses a major threat to human and planetary health as 99% of the global population breathes air that exceeds WHO health guidelines. Air pollution carries a total economic cost of more than $8 trillion. Therefore, monitoring it is critical to understanding its impacts. Though TEMPO is due to launch in April 2023, watch to learn more about how it will monitor air pollution from space.
1:58 8 best countries for working women – The Economist ranked 29 OECD nations according to the role and influence of women in the workplace. Iceland scores well on numerous factors. From low childcare costs to education attainment for women to female representation at senior levels. At the current rate, it will take 132 years to close the global gender gap How does your country support women at work?
3:23 What is the polycrisis? – Today we are once again beset by seemingly unconnected crises. Such as the war in Ukraine, the climate crisis and the aftermath of COVID-19. “So economics, politics, geopolitics and then the natural environment blowing back at us – and those 4 things, they don’t reduce to a single common denominator. They don’t reduce to a single factor. And that’s why I think the polycrisis term has a real utility descriptively as much as anything else, because it’s kind of hand-waving, of course, it’s kind of arm waving. It’s going, look, there’s a lot of stuff happening here all at once. And that precisely is what we’re trying to wrap our minds around.”
6:54 Are Chatbots going to take our jobs? – “I get this question asked 10 times a week, which is that, look, is conversational AI going to take away jobs? And my consistent answer is no. And the best analogy I will give to you is banks and ATMs. So prior to the technology of ATMs, the most common reason why people would walk into a bank would be to take out money. So imagine there’s no ATMs and 90% of the reason why somebody goes inside the bank is to say, I need to take out some cash, I need to take out some money. As a result, you know, you and I don’t even remember these days, but banks used to be crowded. There used to be long lines and so on. Here comes the ATM, which automates really what should be a very simple task.”
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The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
As video games move from teenage distraction to universal pastime they are following the path of other mass media, says Tom Wainwright
Streaming subscriptions have revolutionised music and television. What will they do to games?
Boomers Daily 