Junk fees are making companies billions of dollars richer. Watch the video above to learn more about where junk fees hide, details of proposed changes, where policy may fall short and whether increased regulatory oversight may be enough to squash junk fees once and for all. Chapters: 0:00 Introduction 1:26 Defining ‘junk’ fees 5:34 Squashing fees 7:52 Policy problems 10:02 The future of fees
Chapters: 0:00–2:07 Introduction 2:08–5:11 Chapter 1 Empty Shelves 5:12–9:26 Chapter 2 Inventory robots 9:27–12:31 Chapter 3 The future
Missed sales from empty shelves and out-of-stock items cost U.S. retailers $82 billion in 2021, according to NielsenIQ. But an army of inventory robots is being deployed that could help retailers appease angry customers, boost sales and respond to the ongoing worker shortage.
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.
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