Government snooping ruled illegal by European Court of Human Rights

The UK Government’s intelligence agency, GCHQ, has broken human rights law through its mass surveillance programme, the European Court of Human Rights (ECHR) ruled on September 13.

Judges declared that the bulk interception regime, which allowed agencies to harvest data and intercept private communications, was in violation of Article Eight of the European Convention on Human Rights.

Article Eight guarantees the right to one’s “private and family life, his home and his correspondence”, provided this does not undermine “national security, public safety or the economic well-being of the country”.

In April this year, the UK’s high court ruled that the IPA is incompatible with EU law. Ministers have until November 1 to amend the act

The case was brought before the ECHR by a collective made up of 14 journalists, privacy campaigners and human rights groups, including Amnesty International, Privacy International, Liberty and Big Brother Watch. The decision can still be appealed by GCHQ.

Raising the alarm
GCHQ espionage practices were first exposed in 2013 by whistleblower Edward Snowden. The ex-CIA employee released hundreds of thousands of confidential files, including an estimated 58,000 British intelligence files, which proved GCHQ had intercepted millions of communications, many of which were of no interest to the intelligence agency.

The UK Government responded by changing the law to be more tolerant of mass surveillance, a move designed to prevent any further penalties from the ECHR. Despite this, in 2014, Ben Emmerson, the UN’s special rapporteur on counter-terrorism and human rights, released a report to the UN General Assembly that set out the distinction between targeted surveillance and mass surveillance.

The report defined targeted surveillance as dependent on “the existence of prior suspicion of the targeted individual organisation”, while mass surveillance was defined as states “gain[ing] access to the telephone and e-mail content of an effectively unlimited number of users and maintain[ing] an overview of internet activity associated with particular websites”.

In 2016, the European Court of Justice ruled that only targeted surveillance is justified. The latest judgement by the ECHR upholds this ruling.

Missing safeguards
Crucially, in September 2013, the ECHR ruled that while bulk interception was not illegal, the mass surveillance undertaken by GCHQ was a violation of human rights due to the lack of proper safeguards.

The judgement stated that the greatest concern was the “absence of robust independent oversight of the selectors and search criteria used to filter intercepted communications”.

The lack of comprehensive safeguarding procedures allowed the agency to collect indiscriminate information, including personal information, which had no relation to national security. The collection and retention of this information, therefore, violated the right to privacy.

The case was a challenge to the interception regime created and permitted under the Regulation of Investigatory Powers Act 2000 (RIPA). The controversial act was ostensibly introduced to maintain the stringency of surveillance activities in the face of rapid technological change. Once passed, however, it was widely criticised for permitting government bodies to carry out unnecessary surveillance that constituted an invasion of citizens’ privacy.

Under a freedom of information request submitted in 2016, it was revealed that local councils had carried out 55,000 days of covert surveillance over five years on dog walkers, fly-tippers and those claiming benefits. This intrusive surveillance was permitted under RIPA.

In 2016, RIPA was succeeded by the Investigatory Powers Act (IPA), which encompassed existing surveillance legislation and introduced new measures. Nicknamed the Snooper’s Charter, the act required mobile phone companies and internet providers to keep a record of their customers’ activity. It also created a new role, Investigatory Powers Commissioner, which would oversee the use of investigatory powers.

Moving forward
The ECHR has outlawed RIPA legislation but not the IPA. However, the RIPA ruling will surely have a significant impact on the latter bill, which has already seen extensive criticism and legal challenges.

In April this year, the UK’s high court ruled that the IPA is incompatible with EU law. Ministers have until November 1 to amend the act.

In response to the latest ECHR ruling, Silkie Carlo, Director of Big Brother Watch, said: “Under the guise of counter-terrorism, the UK has adopted the most authoritarian surveillance regime of any Western state, corroding democracy itself and the rights of the British public.

“This judgment is a vital step towards protecting millions of law-abiding citizens from unjustified intrusion. However, since the new Investigatory Powers Act arguably poses an ever greater threat to civil liberties, our work is far from over.”

The case is a significant victory for purveyors of the right to privacy and legitimises Snowden’s whistleblowing. However, the judgement highlights a more sinister reality too.

Article Eight of the European Convention of Human Rights permits “interference by a public authority” in cases of necessity for a “democratic society”, which is broadly taken to mean situations in which the country’s national security is at risk.

The UK Government has been found to be in violation of this right and has used surveillance powers in situations deemed unnecessary in a democratic society.

Data privacy is a contentious issue globally at present; a number of scandals have come to light recently, including Facebook’s harvesting of user data that was used for illegitimate purposes.

At a time when the UK Government is attempting to crack down on private companies’ unlawful collection of data, the revelation that it has been engaging in equally intrusive practices undermines its case.

US federal judge rules securities law can apply to cryptocurrencies

US securities law can now be used to prosecute in cryptocurrency fraud cases, federal judge Raymond Dearie ruled on September 11 in a landmark court case.

The decision was made as part of a cryptocurrency fraud case brought before Dearie by district attorney for Brooklyn Richard Donoghue. Donoghue is seeking to indict Maksim Zaslavskiy of Brooklyn on charges of defrauding investors in two cryptocurrencies. Dearie’s verdict clears the way for Donoghue to prosecute.

Regulation of cryptocurrencies remains a grey area as Congress has not passed any legislation directly relating to this type of digital asset

Zaslavskiy raised at least $300,000 from investors to support cryptocurrencies REcoin and Diamond, which he claimed were backed by real estate and diamonds respectively. It later transpired that neither virtual currency was reinforced by either real estate or diamonds.

In March, Zaslavskiy’s lawyers asked Dearie to dismiss the case, arguing that the cryptocurrencies were not securities and therefore could not be prosecuted under the Securities Exchange Act. The crux of their argument was that current laws surrounding cryptocurrency are “unconstitutionally vague”.

Dearie rejected Zaslavskiy’s lawyers’ argument, stating that securities law must be interpreted “flexibly”, noting that the Securities and Exchange Commission (SEC) considers some cryptocurrencies to be securities.

Regulation of cryptocurrencies remains a grey area as Congress has not passed any legislation directly relating to this type of digital asset. Cryptocurrencies are immaterial property that may be treated as currency by investors or traders, but they are not classed as legal tender.

Also in March, SEC chairman Jay Clayton stated that cryptocurrencies should not be classed as securities. However, he also underlined that tokens that change hands as part of an initial coin offering (ICO) are classed as securities and as such are regulated by the SEC. Clayton’s statement is now being used in a legal setting to decide the status of cryptocurrencies and could pave the way for further regulation of ICOs.

In an ICO, an investor can either use the currency they have purchased within its ecosystem or keep hold of it in the hope that it becomes more valuable than the currency they invested with, thereby providing a return on their initial investment.

At present, the lack of regulation makes it relatively simple for fraudsters to dupe investors. This case sets an important precedent by classing cryptocurrencies as a securities and therefore bringing them under the jurisdiction of existing securities law. It may also bring about more specific cryptocurrency regulation, particularly around ICOs, which are rapidly gaining popularity.

Amazon joins Apple with $1trn valuation

On September 4, Amazon’s total market value surged to over $1trn, thanks to a rise in its share prices, which reached $2,050.50. However, by the time markets closed, shares had fallen back to $2,039.51, pricing the e-commerce titan at just below the trillion dollar mark.

Amazon is the second publicly traded company in history to reach 13-digit territory; it was pipped to the post by Apple on August 3 this year. The two firms now make up over 8 percent of the entire value of the S&P 500, according to Howard Silverblatt, a senior index analyst for S&P. While Amazon’s market value has already faltered, Apple’s has continued to grow and is currently worth around $110bn more than Amazon’s.

While Amazon’s market value has already faltered, Apple’s has continued to grow

Amazon began publicly trading in 1997 at $18 a share. The stock surpassed $1,000 a share in 2017 and has experienced astronomical growth since then.

In Q2 of this year, Amazon’s net income was $2.5bn, compared with just $197m in the same period of last year. This significant increase in revenue was driven by the success of the company’s cloud computing arm, Amazon Web Services, which is on track to generate $25bn in revenue this year.

Amazon founder Jeff Bezos is worth almost as much as Bill Gates and Warren Buffet put together; his net worth stands at $161bn at the time of publication.

Amazon currently captures 49 cents of every e-commerce dollar in the US, generates $178bn in annual revenue and has 550,000 employees. In an attempt to diversify its business model and expand into different markets, the firm has made some significant acquisitions, including the $13.7bn purchase of Whole Foods in August 2017, and the $1bn acquisition of PillPack in July of this year.

This valuation will not come as a surprise to market analysts; for many, it was not a case of if Amazon would hit $1trn, but when. Wall Street is now keeping a close eye on which firm will take the bronze in the race to reach 13 digits. Microsoft and Alphabet are the next largest firms, but both are currently over $100bn short of the mark. In terms of expansion, experts have their eyes on Facebook as being the fastest-growing firm over the next 12 months, but it has a very long way to go before joining the four comma club.

Chinese regulator approves landmark homegrown cancer treatment drug

On September 5, in a milestone regulatory decision, pharmaceutical firm Hutchison China MediTech, or Chi-Med, won unanimous approval from the Chinese pharmaceutical regulator for a new homegrown cancer drug.

This is the first time the Chinese regulator, the CFDA, has approved a drug discovered and developed solely in China, and is a landmark moment for the country’s emerging biotech sector.

In the past, China has tended to manufacture raw pharmaceutical ingredients and ship them to the US and Europe

The drug, named fruquintinib, has been approved for the treatment of metastatic colorectal cancer in patients who have failed two other treatments. Colorectal cancer is the second most common type of cancer in China, with 380,000 new cases diagnosed every year.

Chi-Med began working on the drug, which will be marketed under the brand name Elunate, in 2007 and began clinical testing in 2011. The Phase III study, published earlier this year in the Journal of American Medical Association, proved that the drug improved median survival rates versus a placebo in 416 colorectal cancer patients who had suffered relapses after two previous chemotherapy treatments.

“Today’s approval is a major achievement for Chi-Med,” said Simon To, the chairman of Chi-Med, in the announcement. “Elunate is the first homegrown, China-discovered and developed drug we are aware of in an oncology indication to be unconditionally approved through a randomised clinical trial in China.”

In the past, China has tended to manufacture raw pharmaceutical ingredients and ship them to the US and Europe, as opposed to manufacturing compound drugs on its own soil.

The Chinese regulator is also notorious for its arduous drug approval system and has been extremely slow to approve new drugs in comparison with other countries. For example, between 2001 and 2016, the US Food and Drug Administration approved 433 new drugs. Just 133 were approved by the CFDA in the same time period.

The CFDA has been reluctant to accept the results of initial clinical trials that took place abroad, forcing pharmaceutical firms to repeat initial trials on Chinese soil. This has led to costly approval delays of five to seven years.

However, a number of recent regulatory reforms have made China a more attractive market for pharmaceutical manufacturers. In 2017, the Chinese Government introduced new policies forcing clinical data collected outside China to be accepted in the regulation process. This eliminates the need for pharmaceutical companies to repeat trials, speeding up the CFDA approval process.

What’s more, Hong Kong’s stock exchange recently allowed pre-revenue biotech companies to list on the SEHK index. This sparked the interest of international investors and opened up additional funding streams for Chinese pharmaceutical firms.

These reforms will allow pharmaceutical firms to tap into what could be an extremely lucrative branded drugs market in China. The Chinese pharmaceutical market is the second largest in the world, superseded only by the US market, and is estimated to be worth over $122.6bn.

The CFDA’s approval of fruquintinib is a significant victory for the expanding Chinese biotech sector and will pave the way for other Chinese pharmaceutical firms to follow in Chi-Med’s footsteps. It also represents the end of China’s reliance on other countries for the delivery of drugs and a significant step up for China in the global pharmaceutical sector.

“What that illustrates is that Chinese companies now are conducting science and developing drugs in a way that meets the height of global standards,” said Brad Loncar, Head of Loncar Investments, in an interview with BioPharma Dive. “I think that this is a sign of things to come.”

Top 5 business podcasts you should be listening to

Podcasts have been causing a lot of noise lately – excuse the pun. According to Nielsen’s podcast insights for Q1 2018, more than 23 million adults in the US have listened to a podcast in the past month, an increase of 157 percent since 2014.

Back in April, an article by Fast Company found more than 525,000 active shows and 18.5 million episodes available on iTunes, and that number has been steadily climbing since.

The increased volume of shows brings greater variety, too. From film reviews to parenting advice, fictional stories to up-to-the-minute daily news, there’s a podcast to suit everyone, with new episodes released on a daily, weekly or monthly basis.

Business-savvy listeners certainly have the pick of the bunch, though. The New Economy rounds up the top podcasts for businesspeople, covering leadership, strategy and success. Whether you’re a FTSE 100 CEO or a budding entrepreneur, there’s something to inspire any listener.

HBR IdeaCast
The grandfather of business podcasts, Harvard Business Review’s IdeaCast has more than 600 accessible episodes, each featuring an interview with a leading thinker in business or management. Expect big names such as Bill Clinton and Apple’s Eric Schmidt, alongside academics, CEOs and consultants from myriad industries.

Host Sarah Green Carmichael, Executive Editor at Harvard Business Review, leads the discussion of topics such as the role of ego in leadership and workplace respect, as well as contemporary issues such as artificial intelligence and cybersecurity.

Duration: around 25 minutes.

Business Daily is essential daily listening for those seeking balanced and insightful commentary on global business issues

Ctrl Alt Delete
Launched in 2016 by media mogul Emma Gannon, Ctrl Alt Delete has amassed a host of accolades that include a Webby nomination and inclusion in the Times’ list of the 50 best podcasts. The podcast began with Gannon interviewing guests about their relationship with the internet, but quickly spilled into discussions of the media industry, mental health in the workplace, creativity, identity and more.

The series offers insight into the minds of some of the most important players in media, as well as the daily challenges faced by those working within the industry, from the underrepresentation of women of colour to the difficulty of maintaining originality.

Duration: around 30 minutes.

Business Daily
The BBC is renowned for covering domestic and global stories in an informative yet accessible manner, and this podcast, which is part of BBC World Service’s offering, is no exception. New episodes are released daily and cover a wide range of news stories and debates, from land rights in Africa to India’s tea crisis.

It’s essential daily listening for those seeking balanced and insightful commentary on global business issues.

Duration: 17 minutes.

The Extraordinary Business Book Club
Hosted by publisher Alison Jones, this podcast provides a bite-sized approach to business literature. It’s designed to appeal to readers and writers, so expect plenty of insight from authors on the writing and research process – useful if you’re considering penning your own business bible.

Jones draws on the works of her guests to deliver pragmatic advice that listeners can take into their own workplace, including guidance on establishing professional connections, collaborating effectively and transforming business culture.

Duration: around 30 minutes.

Generation XX
Until now, major news channels such as France Inter and France Culture have dominated France’s podcast offering, but change is afoot, and independent podcast creators are starting to gain traction. Siham Jibril is one such creator; she started Generation XX to tell the stories of enterprising, entrepreneurial women embarking upon their own business journeys.

Since launching in 2017, Jibril has welcomed internationally renowned businesswomen including Birchbox founder Mathilde Lacombe and start-up entrepreneur Emmanuelle Brizay onto the show. Each episode showcases the businesses these women have built.

Duration: around 45 minutes.

Amazon enters healthcare market with PillPack purchase

On June 28, e-commerce giant Amazon announced it would acquire online pharmacy PillPack for an undisclosed amount, shaking the US healthcare industry and putting the company in direct competition with other major drug providers for the first time.

The deal will allow Amazon to use its sprawling distribution infrastructure to scale up the relatively small pharmacy, bringing its services to more customers.

The deal will allow Amazon to use its sprawling distribution infrastructure to scale up the relatively small pharmacy

PillPack’s service delivers pre-packaged doses of medication that customers can simply collect from dispensers when it comes time to take them. It also automatically manages prescription refills and makes monthly deliveries directly to the customer’s door. The service is best suited to people who have to take multiple daily prescriptions.

“PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” said Jeff Wilke, Amazon’s CEO for Worldwide Consumer, in the statement. “PillPack is meaningfully improving its customers’ lives, and we want to help them continue making it easy for people to save time, simplify their lives and feel healthier. We’re excited to see what we can do together on behalf of customers over time.”

Amazon’s stock closed around two percent higher the day of the announcement compared with the previous day, while major healthcare companies across the country saw their stock suffer. Aetna and CVS saw their share value drop by around two percent and 11 percent, respectively, before beginning to recover. Altogether, the announcement resulted in a loss of around $23.5bn in market cap for major US pharmacies.

The deal is another signal of Amazon’s seriousness in entering the healthcare industry. In January, the Seattle-based internet behemoth entered into a joint venture with Berkshire Hathaway and JPMorgan to reduce healthcare costs for their employees, but the PillPack acquisition is the company’s first foray into direct competition with established market players.

Huawei tops corporate travel sponsorship list for Australian MPs

A report released by the Australian Strategic Policy Institute (ASPI) on June 26 revealed that Huawei has been the largest business sponsor of overseas travel for Australian politicians since 2010. The findings come at a time of heightening scrutiny regarding Chinese corporate influence in the West.

The research conducted by the ASPI found that Huawei sponsored, partially or in full, 12 trips to its headquarters in Shenzhen, South-East China. Among the officials to accept the company’s generosity were a number of high-profile politicians, including trade minister Steve Ciobo and foreign affairs minister Julie Bishop.

Although there is nothing illegal about Chinese firms lobbying government figures in this way, it does create a potential conflict of interest

Although there is nothing illegal about Chinese firms lobbying government figures in this way, it does create a potential conflict of interest, particularly given that Huawei is currently striving to improve its reputation in Australia.

In 2012, the company was barred from providing the technology behind the country’s national broadband network due to security fears amid allegations that Huawei has connections to the Chinese Government. In response to concerns, Huawei has insisted that it is a privately owned company.

“We offer people the opportunities to visit Huawei, and how they do it and how they take it up is their own decision,” John Lord, Chairman of Huawei Technologies Australia, told the country’s ABC radio station. “And we will continue to do that because of the two-way dialogue, the openness and helping them learn about our technology.”

However, these protestations have largely fallen on deaf ears. Huawei is currently struggling to convince officials in Canberra that it should be allowed to provide equipment for Australia’s 5G mobile network and faces huge restrictions in the US retail market.

In response to this increasingly prohibitive environment, Huawei’s research spending in Australia fell to zero last year, down from AUD 81,000 in 2016 and AUD 8.3m the year before that. This suggests that the Chinese firm may soon be willing to give up on a market where it is becoming increasingly clear it is not wanted.

PayPal buys machine learning anti-fraud company Simility for $120m

On June 21, digital payment company PayPal announced it had acquired anti-fraud start-up Simility. The deal is the second major purchase PayPal has made this week.

The all-cash deal, worth $120m, will see PayPal acquire California-based Simility’s fraud prevention technology, which merges data collection, machine-learning and human analysis. Merchants operating with PayPal will be able to use Simility’s machine learning-powered fraud tools to protect their customers. The software can be customised to reflect the intricacies of individual businesses.

Merchants operating with PayPal will be able to use Simility’s machine learning-powered fraud tools to protect their customers

Among the crimes that Simility focuses on are account takeover fraud, new account fraud, money laundering, wire fraud and mobile remote check deposit fraud. It also provides solutions to ensure businesses comply with government regulation, as well as to surveil trading in capital markets.

“Digital commerce has exploded,” said PayPal COO, Bill Ready in the statement. “Fraudsters have taken note, adapting and developing new methods to carry out their crimes.

“PayPal has been at the forefront of developing innovative fraud prevention and risk management solutions for nearly 20 years, and now, merchants will be able to configure those solutions to manage the unique complexities of their business.”

In a separate blog post, Ready said the deal is expected to close in the third quarter of 2018, with the Simility team reporting to Tushar Shah, PayPal’s vice president of enterprise services platforms. The post also said the company would gain an office in Hyderabad, India, strengthening its position in a “key strategic market”.

The purchase is the second in PayPal’s sudden spending spree. Two days earlier, it bought global payout platform Hyperwallet for $400m. Both acquisitions come one month after PayPal completed its biggest ever takeover: the purchase of bought payment start-up iZettle for $2.2bn.

Instagram announces video service IGTV to rival YouTube

On June 20, photo-sharing company Instagram announced it would launch a video service on a separate app in a bid to draw younger users away from YouTube. The new app, called IGTV, was revealed by Instagram CEO Kevin Systrom at an event in San Francisco.

IGTV will look to differentiate itself from rivals such as YouTube and Snapchat by providing long-form videos that can play on vertical full screen mode. Currently, videos on Snapchat – and on Instagram itself – are limited to around one minute, while YouTube videos can only be played on full screen when horizontal.

IGTV will look to differentiate itself from rivals such as YouTube and Snapchat by providing long-form videos that can play on vertical full screen mode

It will be a standalone app but will still be accessible through the existing picture-sharing app so as to allow existing Instagram users access immediately upon launch

Longer videos will allow Instagram to monetise its business through ads, which it currently does not allow. The company has said that when the ads eventually come, it intends to share the revenue with content creators, in the mould of YouTube.

“Teens are now watching 40 percent less TV than they did five years ago,” said Systrom at the announcement event. “It’s time for video to move forward and evolve.” He also said the company has surpassed one billion users for the first time since its launch in 2010.

IGTV’s launch comes as Instagram’s parent company, Facebook, is struggling to retain teenage audiences on its platform and is still reeling from a recent string of privacy scandals. According to a recent poll by the Pew Research Centre, only 51 percent of US teenagers said they used Facebook, compared to 71 percent in 2015.

In terms of customer awareness, Instagram is in a good position to launch a platform like IGTV; Pew also shows 72 percent of teenagers in the US use Instagram, coming second only to YouTube which has captured 85 percent. Like YouTube before it, IGTV hopes to be a platform where unknown creators can develop video content and gain a large – and primarily young – following.

Top 5 tips for businesses implementing RPA

Robotic process automation (RPA) is gaining popularity as enterprises discover new ways to drive business impact and speed up digital transformation. RPA is software that mimics how humans use applications to process transactions, harness data and communicate with other systems.

RPA can provide businesses with fast returns on investment by automating manual data processes, freeing up employees for more value-added tasks and improving operational and cost efficiencies. For enterprises that are digitally transforming their operations, RPA software is becoming fundamental to improving productivity, compliance and competitive advantage.

The New Economy outlines the top five tips businesses should consider for successful RPA implementation.

Start small and learn
By starting their digitalisation transformation with RPA, enterprises can more effectively plan how they will tackle the process. For example, some businesses may look to identify and automate the lengthiest and most repetitive tasks first, before replicating this in other processes. Others may consider automating operations that can impact a specific function.

RPA is at its most effective when combined with other technologies, but starting small and automating simple, tedious and repetitive processes is a good way to develop a strategy that can be implemented more broadly later on.

Implement holistically
Robotics not only enables companies to automate time consuming human processes, it also promotes innovation in terms of how the business is run and what services are offered to customers. For this reason, senior executives should approach RPA implementation holistically, keeping end-to-end processes in mind and looking for opportunities to exploit machine learning and analytics.

Robotics not only enables companies to automate time consuming human processes, it also promotes innovation

For example, an employee might manually open an email and a PDF attachment, review an invoice and enter that information into a software system. RPA streamlines this process, entering invoice amounts into the system faster and more accurately. In doing so, the software creates actionable business insights that can be used to improve process performance even further.

Consider your workforce
Traditionally, business process operations are intensive, service level-focused environments dealing with planned and unplanned peaks, seasonal variations and exhaustive end-month and end-week periods.

When RPA is introduced, this working environment changes dramatically. Automated processes not only work faster than their human counterparts but they can work 24/7 and automatically scale up to deal with peak demand and scale down in periods of lower intensity. There needs to be a shift away from traditional workforce management and rostering, towards a more skilled, customer-focused, value-adding workforce.

Train bots like humans
Treating software bots as human staff is not as farfetched as it sounds. To achieve the most with RPA, businesses should first give their bots something small and task-orientated to work on. Throughout the bots’ lifecycle, it is important to carry out maintenance and reviews, just as you would with human staff evaluations.

Enterprises should make bots just as accountable to the business as the human workforce is. The most successful RPA implementers have maintained this clarity of accountability.

Establish automation governance
Enterprises need to establish automation governance systems as an extension of corporate governance. To ensure robotic processes comply with regulatory controls, businesses must closely monitor and manage digital workers. Businesses must also ensure they have a clear understanding of what robotics laws are in place and how to effectively comply with them.

RPA is an important asset in any enterprise’s digital transformation. By implementing automation with time-intensive, manual, administrative tasks first, companies can learn from RPA-enabled processes and replicate those successes elsewhere in the business. Combining RPA with a broader set of technological tools ultimately improves business outcomes across end-to-end processes.

Top 5 most sustainable companies

With greenhouse gas production, deforestation and pollution rapidly increasing, it is now more important than ever for companies to be environmentally friendly. In light of this, Corporate Knight released a report listing the 100 most sustainable companies globally. From aerospace and defence systems to biopharmaceutical companies, The New Economy details Corporate Knight’s five most sustainable companies in the world:

Dassault Systemes
Established in 2002, Dassault Systemes has quickly become a world leader in product innovation platforms, offering software systems in fields such as aerospace, defence, industrial equipment and natural resources. Dassault Systemes virtualises the design process by creating 3D designs and digitally simulating and optimising products. This method eliminates the need to make physical prototypes, saving resources and materials.

With a heavy focus on achieving safe, compliant and sustainable operations, as well as an awareness of its environmental responsibility, the French company gained first place on Corporate Knight’s list.

Neste
The Finnish oil refiner was ranked as the second most sustainable business in the report and the best in the oil and gas industry. Using sustainable and renewable raw materials for its fuels, Neste produces premium quality traffic fuels that generate 90 percent less emissions than conventional crude oil. Neste provides environmental training across all its sites and ensures the palm oil it uses is certified by the Roundtable on Sustainable Palm Oil.

Neste produces premium quality traffic fuels that generate 90 percent less emissions than conventional crude oil

Valeo
Valeo is an automotive supplier and partner to automakers worldwide, designing innovative solutions for smart mobility. Since 2009, the French company has decreased its direct and indirect carbon dioxide emissions by five percent. Moreover, it has spent €17.2m ($19.9m) on environmental protection, reducing its water use and improving energy efficiency.

Eco-design is also a big focus at Valeo, with the company striving to improve its recycling processes, use less raw materials, reduce the weight of its materials and produce less pollution during re-treatment.

AR Metallizing
Packaging has been recognised as a pressing issue as of recent, with many firms recognising the effect the production of plastic, and other materials, can have on the environment. Organisations are feeling more pressure than ever before to ensure their packaging is as sustainable as possible. One major player working towards this goal is AR Metallizing, a Belgian firm which produces metallised papers and paperboards. These offer vital environmental benefits compared to plastic products, aluminium foil or metallic links. All of the company’s products are certified by the Forest Stewardship Council, and have helped organisations around the world to be more eco-friendly.

Outotec
Another Finnish company, Outotec provides construction and engineering solutions. Outotec has reduced its greenhouse gas emissions by 6.2 million tonnes and had no significant spills in operations or project sites in 2017.

Outotec’s diligent care for the environment includes pollution prevention and sound environmental management for all its operations. Using minimal energy and materials throughout its operations makes it one of the world’s most sustainable companies.

Apple awarded $539m in patent infringement damages from Samsung

On May 24, the US district court in California ordered South Korean technology company Samsung to pay $539m to Apple over patent infringements on its smartphones. The ruling brings a fierce seven-year legal battle into its final stages.

The jury found Samsung has to pay Apple $533.3m for infringements on three design patents, as well as $5.3m on two utility patents. Samsung argued it should only pay $28m for the component parts it had used, whereas Apple wanted north of $1bn.

The case goes back as far as 2011, when Apple accused Samsung of infringing a number of patents on design features now ubiquitous across virtually all smartphones, including the bezel surrounding the phone, its rounded corners and the grid of icons on home screens. Apple was awarded $1.049bn in 2012, when the court found Samsung had wilfully infringed on its patents.

The case goes back as far as 2011, when Apple accused Samsung of infringing a number of patents on design features

Samsung has since fought the court’s decision, and in the process won a case at the Supreme Court in 2016 stipulating damages had to be based on the infringed component parts rather than the phone as a whole. This led to a wide range of product designers filing briefs with the court in support of Apple, saying the design of a product is inseparable from the product itself.

“Today’s decision flies in the face of a unanimous Supreme Court ruling in favour of Samsung on the scope of design patent damages,” said Samsung in its statement on the ruling. “We will consider all options to obtain an outcome that does not hinder creativity and fair competition for all companies and consumers.”

While the Supreme Court ruling let Samsung escape billion dollar damages, it gave no precise guidance as to how component-based penalties should be calculated. The jury’s calculations in this case are recorded on the verdict sheet, listing each Samsung device that was found to be in violation of intellectual property laws.