Picture of the week: Cook’s keynote
Monday was a typically sunny California day in Cupertino, where there was undoubtedly somewhere that developers would rather be than sit on sunbeds and listen to Apple CEO Tim Cook make a series of product announcements at his worldwide developer conference on campus.
They included a new shared iCloud library that will make it easier to share photos with family and friends, a now pay-later feature for Apple Pay, and an update to phone lock screens that let users choose to receive only personal, non-work-related messages (or on the contrary, if that’s how you roll). Users with its new iOS 16 operating system will also be able to recall or edit iMessages after they are sent.
But Cook’s keynote was defined by an unexpected absence. There was no mention at all of the tech giant’s upcoming augmented reality headset, unofficially known as Apple Glasses. It’s either far from clear or so good that it needs an event all to itself.
In figures: Boardroom quotas
Proportion of seats on the boards of large companies operating in the EU that will need to be held by the “under-represented sex” from 30 June 2026, according to this week’s “landmark” EU agreement.
The number of EU member states where female representation on company boards currently exceeds 40 percent. That member is France, where in 2021 about 45.3 percent of the board seats were occupied by women in 2021.
Years since it became a board quota of 40 percent became mandatory in France for companies that are listed, have more than 500 employees or have an annual turnover of more than 50 million euros. In recent times, the French have turned their attention to gender distribution in top management positions. Allaz!
Get to know: Bill Kramer
Hollywood has a new sheriff in town: Bill Kramer, the new executive director of the Academy of Motion Picture Arts and Sciences, aka the Academy, overseers of the Oscars. And it’s a surprisingly complicated task before him: how to construct a ceremony that shows off the best that his industry has to offer but that does not get what is left of the Oscar-winning audience to sleep.
For although Will Smith certainly woke some people up as he made the unexpected journey from his front row seat to the stage to beat award presenter Chris Rock, violence on live television was probably not the perfect image for the Academy to project.
“I deeply believe in the power and artistry of the film,” said Kramer, who succeeds Dawn Hudson. This should come in handy, although it may not be enough in itself to increase the ceremony’s American viewership figure – in March last year it came in at 16.6 million, the second smallest ever. Maybe check with Rock to see how his availability is?
The list: Gloomy prospects
You do not have to spend a lot of time online to find a range of major stocks that feel less optimistic about the future. Here are five of the companies that do not expect wonderful times in a war-torn global economy.
1. Wizz Air: One of Ryanair’s rivals admitted on Wednesday that it was suffering from the effects of “operational hiccups” at the UK and other airports, which it described as “lose-lose” and “very harmful”.
2. Heathrow: Airport manager John Holland-Kaye says it could take the aviation industry 12-18 months to fully restore its capacity, the prediction prompted his Virgin Atlantic Airways counterpart, Shai Weiss, to call him “Lord Doom”.
3. Target: The US department store retailer lowered its profit outlook for the second time in three weeks, saying it would lower prices to get rid of unsold inventory, which would take the margin.
Microsoft: Shortly after blaming a strong dollar for cuts in its profit and revenue prospects, the technology company announced that it would “significantly scale down” its operations in Russia (where it suspended new business in March), citing “changes” in the economic view “.
5. Tesla: The electric car manufacturer’s CEO, a shy and retired guy named Elon Musk, has a “super bad feeling” about the economy. Do not we all?
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