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LowerDawson United Petroleum manager Adi Chitndni said listing petrol pump prices online would prove beneficial for Central Queensland motorist.
“Most independents try to have the lowest fuel prices,” he said.
“An online petition that lists prices will be a big benefit for motorists and allow them to see where the cheapest fuel is.”
The Lower Dawson United is one of the cheapest outlets currently in Rockhampton.
“Our company sends through uniform prices to all petrol stations, not just in Rockhampton,” Mr Chitndni said.
“United is cheaper everywhere. We are sometimes the cheapest by two cents and other times by eight cents, it just depends.”
Mr Chitndni said the fuel watch survey would help monitor price variances and help deliver consistency.
“I would expect a decrease in fuel prices in the near future because they are very competitive,” he said.
“If the online survey is successful more people will be refilling at the cheaper stations and the big companies will be forced to lower their prices.”
12pm: ADRIENNE Jackson is tired of being ripped off at the petrol browser.
The Rockhampton business-owner spends anywhere from $200 to $500 a week travelling Central Queensland to deliver legal documents.
“It depends on what mileage I have to do in a week. It’s quite an expensive exercise,” Ms Jackson said.
“It costs a fortune here to keep your car on the road. I find it a big drain on the business itself, especially when you are paying $70 to $80 a tank.
“If I have enough fuel in my tank I will often drive as far as Duaringa and fill up.”
Ms Jackson said Federal Member for Capricornia Michelle Landry’s online fuel-watch survey would make it easier for fuel companies to control prices.
“I thought it was the best idea I have heard in a long time,” she said.
“I’m really supportive of an online fuel watch. It’s great to see somebody finally doing something to stop the high-prices.”
“It’s becoming quite ridiculous that the ordinary person has to spend such a large sum of money.”
11am: ROCKHAMPTON motorists are being urged to get behind a campaign to end the great petrol gouge across the region.
Federal Member for Capricornia Michelle Landry has called on the help of local motorists – urging them to sign her new online petition which asks the ACCC to investigate fuel prices in Central Queensland.
Ms Landry launched the petition following community concern over yet another round of fluctuating fuel prices.
“Country drivers always seem to cop it in the hip pocket when it comes to filling up the family or farm vehicle compared to their capital city counterparts,” Ms Landry said.
“In recent times we have yet again seen a major fluctuation across Capricornia and in response I have set up an online fuel price petition to target action from the ACC.”
According to a recent ComSec study the Rockhampton area faced the biggest quarterly fuel price rise in 25 years – rising from $1.20 per litre in early 2015 to $1.47 in June.
“We need the Australian Competition and Consumer Commision to take this area seriously and come here to investigate,” Ms Landry said.
“I am asking drivers to go online and complete the digital petition so we can submit it to the ACCC.
Extracted in full from the Morning Bulletin.


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America’s Car-Mart (CRMT) Given Media Impact Rating of 0.03
Headlines about America’s Car-Mart (NASDAQ:CRMT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. America’s Car-Mart earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.1558217915179 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- ETFs with exposure to America’s Car-Mart, Inc. : October 12, 2017 (finance.yahoo.com)
- 13G Filing: Bares Capital Management and Americas Carmart Inc (CRMT) (insidermonkey.com)
- America’s Car-Mart, Inc. (CRMT) Expected to Post Quarterly Sales of $150.29 Million (americanbankingnews.com)
- $0.82 Earnings Per Share Expected for America’s Car-Mart, Inc. (CRMT) This Quarter (americanbankingnews.com)
CRMT has been the topic of a number of recent research reports. ValuEngine cut America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Stephens initiated coverage on America’s Car-Mart in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 target price on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a $41.00 target price on shares of America’s Car-Mart in a report on Friday, August 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. America’s Car-Mart presently has a consensus rating of “Hold” and an average price target of $41.50.
Shares of America’s Car-Mart (CRMT) traded down 0.12% during mid-day trading on Thursday, hitting $42.05. The stock had a trading volume of 65,361 shares. America’s Car-Mart has a 12-month low of $30.20 and a 12-month high of $47.75. The stock’s 50-day moving average price is $40.31 and its 200-day moving average price is $38.04. The stock has a market capitalization of $309.70 million, a price-to-earnings ratio of 16.78 and a beta of 0.97.
America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, August 17th. The company reported $0.90 EPS for the quarter, meeting the consensus estimate of $0.90. The company had revenue of $146.40 million during the quarter, compared to analysts’ expectations of $153.05 million. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.70%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. On average, equities analysts anticipate that America’s Car-Mart will post $3.07 EPS for the current fiscal year.
In related news, CEO William H. Henderson sold 6,250 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.65, for a total value of $254,062.50. Following the completion of the sale, the chief executive officer now owns 93,440 shares in the company, valued at approximately $3,798,336. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Magnolia Capital Fund, Lp acquired 19,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average price of $37.71 per share, with a total value of $716,490.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 53,756 shares of company stock valued at $2,005,932 and sold 46,120 shares valued at $1,811,480. 11.70% of the stock is owned by corporate insiders.
America’s Car-Mart Company Profile
America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
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NYSE-listed Chinese electric SUV company Nio plans to venture into a new segment. The company has revealed that it will launch electric sedans, which could compete with the Tesla Model S and Tesla Model 3.
The Nio electric sedans will come under the second wave of Nio EVs. Having successfully launched three SUVs that are building up volumes gradually in China, Nio is working on two electric sedans, Founder, Chairman and CEO William Bin Li revealed during the Q3 2020 earnings call yesterday. This is what he said:
For the next product that we’re going to launch is going to be a sedan on the NP 2.0 platform. It means that we’re going to enter the sedan market. At the same time, we are also developing other vehicle models. For example, the second new product in the pipeline is also going to be a sedan.William Bin Li, Chairman and CEO, Nio
About the NP 2.0 platform of the first Nio electric sedan, Bin Li said that the company is accelerating its development. Mass production autonomous driving system is the core of Nio’s second-gen technology platform, he added. Moreover, he revealed that the company plans to share information about NP 2.0 at the Nio Day 2020 (on January 9, 2021). One of the two Nio electric sedans should be the production version of the Nio ET Preview concept – the Nio ET7. Readers may recall that the Nio sedan was confirmed for the first time during Nio Day 2019 held at a sports stadium in Shenzhen this year.
Nio can fill up white spaces in its product line with smaller and bigger SUVs, but there’s no immediate plan for a new flagship. When Credit Suisse analyst Bin Wang asked if a bigger Nio electric SUV, say a ‘Nio ES9’, is in the pipeline, Bin Li said:
At this moment, the rich market are not going to be our focus.William Bin Li, Founder, Chairman and CEO, Nio
The current Nio line-up includes Nio ES6, Nio EC6 and Nio ES8. The Nio ES8 is a full-size SUV but it’s not as big as typical American full-size SUVs like the Cadillac Escalade and the Lincoln Navigator. The Nio ES6 is a mid-size SUV and the Nio EC6 is its coupe version. The company has said that it will enter the European market and a launch is expected by 2022.


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The Best Industries to invest in 2016
There are 28 million small businesses in the country, and they provide most of America’s jobs and sales. According to the Small Business Administration, large companies have cut four million jobs since 1990, while small businesses have created eight million. Most small businesses want to become big businesses, so a new dog-walking service is probably not going to turn into the next Uber (though you never know! Dream big!).
The old saying that time is everything in business is not complete. When you are going to start a new successful company, one other primary ingredient is identifying a new, untapped market opportunity. Breaking into new industry is tough, but certain sectors are particularly ripe for new business.
General look at the best industries for investing is based on analysis of entrepreneurs, venture capitalists, and industry fields, plus reams of the latest research on hot niche sectors. While it’s still early days for most of these fields, the first-movers are already well on their way to proving long-term viability.
Drones are breaking as a new powerful industry. The commercial drone market is predicted to grow from around $550 million in 2014 to over $1 billion by 2022, according to Grand View Research. Drones remain imperfect, so disrupting the industry with better machines, operating systems, hybrid power supplies and pilots could provide opportunities. And speaking of Uber (I was, earlier), a drone company we profiled last year called Skycatch leases out drones and pilots on demand, and it’s just been named one of Fast Company’s most innovative companies.
Legal marijuana has become big business in the U.S. since Colorado licensed vendors to sell recreational cannabis at the beginning of 2014. While this is a new industry, the first companies growing and distributing marijuana and related products are seeing very strong demand. Revenue for medical marijuana growers has risen 16 percent per year since 2009, reaching roughly $2 billion in 2014, according to IBISWorld.
All marijuana businesses, whether growing in-house, selling other companies’ products, or manufacturing edibles, must comply with strict legal and regulatory hurdles, such as having a system that traces all products back to their original plants. Recreational marijuana businesses must also obtain a license.
Recreational marijuana is legal in only four U.S. states (Colorado, Washington, Alaska, and Oregon) and most banks still won’t take money from “cannabusinesses,” though credit unions are in the process of receiving federal approval to accept cash deposits and provide other banking services. U.S. tax law also bars any business involved with marijuana, which is categorized as a Schedule I drug under federal law, from taking deductions for the costs of doing business. This can take the effective tax rate for marijuana businesses to more than 60 percent.
More than 500 companies launched in Colorado alone last year, including growers, dispensaries, and tech firms providing enterprise software for marijuana retailers.
Colorado’s retail marijuana market generated $350 million in revenue in 2014 and is projected to grow 20 percent, to $420 million, this year. Colorado Governor John Hickenlooper also predicts that combined sales from recreational and medical cannabis will reach $1 billion by 2015.
The “green” house is hot. Environmentally friendly building practices and supplies are becoming a natural part of the American construction industry. The U.S. Green Building Council estimates about 1 in 4 new homes is being built with at least some green building practices. The numbers are similar in the hotel space. The organization — whose mission is to promote environmentally sound building — says “green construction is outpacing that of traditional construction and is poised to create more than 3.3 million U.S. jobs and $190.3 billion in labor earnings by 2018.”
The trillion-dollar U.S. food industry represents a gargantuan market, but only a very small percentage of food sales comes through e-commerce. That’s expected to change in the next five to 10 years. Why? People are increasingly comfortable buying things online, and the infrastructure exists to distribute food with an e-commerce model. Companies in this space are also developing new, innovative ways of selling and distributing food online, including the use of subscription services.
Foodie culture has exploded in the U.S. thanks to the rise of celebrity chefs and food-focused TV shows, blogs, and other media. Consumers’ growing awareness that buying food online can be more convenient than shopping at grocery stores is also helping drive this sector, as is the desire for healthier specialty food, which can be easier to find online than in local stores.
Consumers have been slow to accept the e-commerce model for food compared with virtually every other retail market.
Experience in both food services and logistics, as well as website construction.
The $500 million startup Blue Apron is a major player in the field, delivering more than a million meals per month, while Amazon Fresh and Instacart represent competition for new grocery-focused startups.
Food and beverage e-commerce revenue grew to an estimated $6.8 billion in 2014 from $4.3 billion in 2011, according to market research company eMarketer. The industry is expected to reach $9.4 billion by next year.
A fresh crop of startups is in the process of revolutionizing agriculture by creating software that makes its processes more efficient. Farmers today are up to their ears in digital data, and there is a huge opportunity to turn that information into useful software and financial products–a fact that precision agriculture systems and services companies and venture capitalists have begun to wake up to.
The venture capital community recently began piling into agriculture after identifying the opportunity to bring significant innovation to agriculture. The industry also attracted significant attention last November when Monsanto purchased farm tech startup the Climate Corporation for $930 million.
Startups will need deep knowledge of the agricultural sector as well as strong web software development and data science skills.
Hot farm tech startups to pay attention to include Solum, Blue River Technology, Farmeron, and Edyn.
The rapidly changing technology in agriculture represents a significant hurdle for companies looking to break into the sector.
The precision agriculture systems and services industry grew revenues at an annualized rate of 5.3 percent over the five years to 2014, to $1.5 billion, and is expected to grow at an annualized rate of 7 percent, to $2 billion, during the five-year period ending 2019, according to IBISWorld.
The U.S. birth rate is finally on the rise again, and millennials want to make sure their children are superior. Chemical-free diapers, gluten-free baby food, gender-free toys … all that free isn’t free. Just ask Jessica Alba, whose Honest Co. is trying to recover from a Wall Street Journal report claiming her wildly successful company hasn’t exactly been honest about every ingredient. The company disputes those charges. In the meantime, database portal Statista predicts the global baby products market could grow to $67 billion next year.
Parenting magazine estimates parents spend almost $50 a week just on diapers, baby food and formula (if you don’t breastfeed), or about $2,500 a year. Figure out a better way to build a diaper — or replace the diaper — and parents will beat a path to your business door. Replace the diaper? Do you think Thomas Edison set out to build a better candle? No, he wanted to replace it.
Yoga and Pilates
Yoga and Pilates studios have been around for decades, but the industry has grown a great deal recently thanks in part to the rising number of health-conscious Americans. During the next five years, the number of yoga and Pilates studios in the U.S. is expected to grow at an annualized rate of 3.7 percent, to a total of 30,415. Including the sale of related products, yoga is estimated to be a $10 billion-plus industry.
According to data from a Yoga Journal study, 20 million Americans participated in yoga in 2012, up from roughly 15.8 million in 2008. Separate data from the Sports & Fitness Industry Association shows that yoga participation grew 4.5 percent in 2013. Today, nearly 45 percent of Americans say they are interested in trying yoga.
While yoga and Pilates businesses can hire contracted instructors and part-time employees, real estate costs associated with opening brick-and-mortar studios represent a significant barrier to entry.
Fitness taxes have led many yoga studios to add a tax to membership fees, which could dissuade customers with limited income. According to the International Health, Racquet & Sportsclub Association, 25 states tax health club memberships, including yoga memberships, and more states are expected to add this tax during the next five years.
Competition is growing from both traditional yoga studios as well as websites offering on-demand yoga services. Health and fitness clubs are also adding yoga classes as a part of their monthly memberships.


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Fried chicken fans in South Gloucestershire are in for a treat next month, as Miss Millie's is opening its latest restaurant in Yate.
The chain's latest branch will open at Yate Shopping Centre on Monday, July 6.
To comply with current Government guidelines the restaurant will initially be open for takeaway and online delivery orders, with the 60-seater sit down restaurant set to open as soon as rues are relaxed.
Find out where's delivering near you:
Yate Shopping Centre manager Andrew Lowrey said: "Miss Millies is an exciting new addition to our portfolio of restaurants and its high profile location in the former Hotcha unit is a major boost to the front of the centre.
"It was scheduled to open earlier in the year but has been delayed due to the pandemic lockdown.
"With many of the non-essential retail units at the shopping centre having re-opened in mid-June and other catering and hospitality outlets able to re-open from early July, things are really starting to get back to normal."
When fully open the new restaurant will create up to 25 jobs and will be open from 11am daily.
Miss Millie’s was set up by the late Harry Latham, who opened the first KFC franchise in the UK in 1965 with his partner Ray Allen.
He was friends with KFC founder Colonel Sanders and decided to name his restaurant after the colonel’s daughter, Mildred.
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Sign up to our daily newsletter using the box at the top of this article, or by clicking here to see all of our newsletters
Today Miss Millie’s has nine branches across Bristol and Weston-super-Mare, with plans to rebrand and expand the business even further across the South West.
More information about Miss Millie's can be found on its website.


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Dampening hopes for a quick agreement on China's entry into the World Trade Organization, American officials said today that ''difficult and complex issues remain across all areas of trade'' after a hurried visit here by the White House trade representative.
Chinese and American officials have negotiated intensively for the last week here over the scale of market-opening concessions that China must make to qualify for membership in the global trade forum, which sets rules and arbitrates disputes.
China has long sought entry, and after years of impasse, officials from both countries now seem eager for the Chinese to join. They are trying to put the outlines of a deal together by the time Prime Minister Zhu Rongji arrives in Washington for an official visit next week.
More than just a trade deal is at stake. The American and Chinese Governments both see a potential accord as a rare political breakthrough in a relationship increasingly strained by disputes over such issues as human rights, nuclear espionage and the NATO bombing in Yugoslavia, which China condemns.
Hopes that agreement might be near on entry into the trade group were raised over the weekend when President Clinton's trade representative, Charlene Barshefsky, left Washington for a quick trip to Beijing, in hopes of pushing Mr. Zhu to make last-minute concessions on market access for foreign companies in agriculture, financial services and other areas that the Chinese have long been protected.
While Ms. Barshefsky said she did not plan to go home with a deal, she hoped for breakthroughs.
It is unclear whether she got any, American officials said.
Today, she spent five and a half hours talking with a senior trade official, Wu Yi, and with Prime Minister Zhu. But tonight, as Ms. Barshefsky headed home, she issued a written statement saying that although there had been ''important progress today in narrowing the issues,'' there remained ''substantial gaps in critical areas.''
''The United States will set no artificial deadlines in these negotiations,'' the statement said.
Secretary of Commerce William M. Daley, who is also here on a trade mission, said he believed that a deal would be reached sometime before the fall. But by then, many in Washington believe, it will be too close to next year's election campaigning for the Administration to submit China's offerings to Congress.
According to American officials, China has offered some major concessions. Mr. Daley said Mr. Zhu told him that his Government would permit the sale of cellular telephones that operate on technology used by Motorola and other American phone makers. Until now, the Chinese system favored European producers. China has also indicated that American companies could buy minority stakes in telecommunications businesses, but so far it has refused to allow them to take majority stakes.
China has also not agreed on a resolution of disputes that have blocked the importing of most types of American wheat. ''Based on what we have right now,'' an American official said, ''we couldn't send this thing to the Hill.''
The chief China negotiator on Ms. Barshefsky's staff, Robert Cassidy, will stay on for ''a couple of days,'' an official said, and then talks are expected to move to Washington.
The Americans seem uncertain whether China plans last-minute offers -- something not uncommon in trade negotiations -- or whether its leaders doubt that President Clinton has the will or the political strength now to get a deal through Congress.
Along with membership in the trade organization, the Chinese want the protection for their own exports that it would bring. But with rising unemployment and farmers' protests at home, and inefficient domestic industries already reeling, they have been reluctant to cut tariffs and other protective measures as quickly as Western nations demand.
While China's accession to the trade organization requires the consent of many countries, satisfying the United States is the most crucial step. Washington is concerned about a growing deficit with the Chinese, estimated at $57 billion last year, and officials believe that lower tariffs here would increase American exports. At the same time, many American companies have been frustrated by rules that severely limit their ability to invest or operate.
As anti-China sentiment rises in Congress, officials say, no agreement can survive without enthusiastic corporate support and lobbying. And while Congressional approval of a China accord is not required, under the trade body's rules, Congress would have to rescind a law that requires annual renewal of China's most-favored-nation trading status.Continue reading the main story


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Microsoft Takes Issue with Gartner Bulletin
- By Scott Bekker
Microsoft Corp. officials rankled at a recent bulletin from consultancy Gartner
alleging that an Internet Explorer patch release was botched and undermines Microsoft's credibility on recent security promises.
The trouble with Gartner's interpretation, Microsoft says, is that its quality control process caught a problem with the packaging of the patch before users were broadly alerted that the patch was ready.
While the patch was on the Web for about an hour on Feb. 7 before it was pulled, Microsoft had not yet sent out its standard e-mail alert to 250,000 subscribers that lets them know about new problems and where to find fixes for them.
"That's when it's done, when we put out a quarter of a million bulletins," a Microsoft spokesman said.
That patch was reposted and the e-mail bulletin was sent four days later on Feb. 11.
It was not clear how many users downloaded the patch when it was available Feb. 7, although the Microsoft spokesman says the bits of the patch were fine. The problem, he says, was with the packaging and a lack of documentation.
The Gartner bulletin came from analyst John Pescatore, who rose to prominence last year for his notorious bulletin advising IT managers to consider replacing IIS Web servers with Apache due to security concerns.
The Gartner bulletin on the IE patch, a Gartner FirstTake called "Microsoft Must Plan -- Not Patch -- for Software Security," used the recall of the IE patch to declare that Microsoft is not delivering on its security promises and to discount the code review Microsoft has been conducting in February.
The Gartner FirstTake says that Microsoft announced the patch then pulled it down off the Web.
The IE patch, Microsoft Security Bulletin MS02-005, includes patches for six new IE problems, three of them critical, and also rolls together all current fixes for IE.
Scott Bekker is editor in chief of Redmond Channel Partner magazine.


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SoftBank Corporation Commits Another $3 Billion to WeWork
The new investment, made in the form of a warrant, gives WeWork an estimated company valuation of $42 billion
The warrant, which prices WeWork’s shares at $110 or more, gives the company an estimated valuation of $42 billion. In WeWork’s 2017 funding round, during which SoftBank invested $4.4 billion via its Vision Fund, the real estate company was valued at $20 billion. In August, Softbank invested an additional $1 billion in WeWork, this time in the form of a convertible note.
WeWork, the harbinger of the co-working trend, was founded in 2010 in New York by Israeli-born Adam Neumann and his partner Miguel Mckelvey. Today the company has almost 300 locations globally. WeWork reported revenues of $482 million for the third quarter of 2018, and a net loss of $497 million. For the first nine months of 2018, WeWork reported $1.25 billion in revenues, with a net loss of $1.22 billion.


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American Greetings sent some ripples through the digital world of South by Southwest Interactive with an activation that cut right to the core of its brand essence—the need for simplicity and the importance of human connections in today’s high-tech landscape. The three-day experience, called Analog by American Greetings, marked the brand’s first appearance at SXSWi and leveraged speakers, interactive workshops and hands-on activities to engage attendees in its largest and most complex consumer activation to date.
“Our message is that in the rush to embrace everything that is digital, which has many benefits and we can’t live without them anymore, consumers have told us they are seeking alternative forms of communication that is more personal and meaningful,” says Alex Ho, executive director of marketing at American Greetings. “When people use analog media like the vinyl record, which is seeing a resurgence, or recreate the look of old film on digital film, that says something to us. Likewise, a greeting card is a special form of communication that takes effort and is personalized and tailored to the recipient, and that is why our business is as strong as ever. Consumers understand the need to come back to analog for certain things.”
Analog by American Greetings took place in a converted bar on 6th Street, two blocks from the Austin Convention Center, that was fully branded with the brand’s iconic rose logo. In keeping with SXSW’s spirit of learning and inspiration, it featured daily talks by speakers from a variety of creative fields on topics such as “Why Are You So Into Vinyl,” “Why Beauty Matters,” and “Toss Your Phone off A Bridge and Begin to Live Again.” In that same spirit, American Greetings’ creative staffers led interactive workshops on hand lettering, printmaking, paper engineering and more.
Additional onsite engagements involved passersby in the analog message in a creative way. In a twist on a popular theme, a Selfie Stitch Station featured a fabric artist who after studying attendees’ faces for four minutes used a sewing machine to live-stitch their selfies on a small canvas as a takeaway. A #NoFilter activation, in a nod toward photo editing apps on Instagram, offered an app-free way to add real typography to pictures and greeting cards. American Greetings writers and artists helped attendees craft a message, add hand lettering and insert photos from an onsite Polaroid station. And in a new take on the GIF experience, attendees could take print-outs of a three- to five-second video, stick them to cards and assemble them using analog GIF machines and walk away with an old-style Rolodex-type of flipbook that they could spin to make the cards rotate. Attendees also could send a letter or card from the American Greetings Post Office while enjoying a cup of coffee and baked goods from a coffee house pop-up.
“South by Southwest is all about disruption, and frankly, old technology, or analog technology is a new message at an all-digital conference. Not only was it disruptive, it was consistent with the kind of message that you bring to this interactive festival,” Ho says. Agencies: MullenLowe, Boston; Guild, New York City.


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Kenya will host the 5th session of the UN Environment Assembly starting on Monday February 28th. Curbing plastic pollution will be a hot topic. Ocean Sole, a Kenyan enterprise recycles discarded flip flops and other plastic garbage found on beaches and waterways into colourful sculptures and children's toys.
Pristine white-sand as far as one can behold. But it is only at first glance. In Kilifi, North-eastern Kenya, plastic pollution has become an eyesore on the country's beaches. Flip flops like other plastic trash can be found along the seashore.
The beach on the Indian ocean gathers trash sourced from the sea but also rivers and canals. Volumes of plastic litter come from as far as India or the Philippines.
During their clean-up session, volunteers pick up plastic bottle caps, candy wrappers and flip flops. The flip flops -- mostly cheap, modern varieties made of foam and other plastic materials that mimic rubber -- are purchased by Ocean Sole, allowing collectors to earn a little extra cash to support their families.
Kenyan enterprise Ocean Sole collects and recycles discarded flip flops in order to reduce plastic pollution.
Lillian Mulupi is an Ocean Sole flip flops collection coordinator: "Flip-flops are the most common, most affordable pair of shoes for a lot of people; rich, poor, everybody has got a pair. Since they're very easy to afford, when a pair is done, you just throw it away get a new one."
When the discarded shoes are retrieved from the sand, a new journey begins. They are cleaned and sorted into categories. Hard plastics and PET bottles are sold to recyclers, the flip flops are sent to a workshop in Nairobi, for a Cinderella-like makeover.
Jonathan Lenato, an Ocean Sole production supervisor explains the process: "Weekly, we receive about 1.2 tonnes (of flip flops, ed.), so turn this into months and then, into the whole year actually it’s like more than 40 tonnes per year. It’s a lot of flip flops .... Also, the artists who are working here, most of them converted from the wood carving. On that side, we are saving trees which is good for our environment."
From trash to treasure
Dozens of artisans turn the flip flops into colourful sculptures and children's toys. Off cuts and harder plastic unsuitable for sculpting are shredded into filler for mattresses. Plastic insulating Styrofoam salvaged from dumped refrigerators is used as a meould for larger works. Like elephants and giraffes that can sell for many hundred dollars. The unique artwork entirely made from marine trash is mostly sold abroad.
Ocean Sole says it recycles between 750,000 and one million flip flops a year, and has created around 100 full-time jobs.
Kenya will host the fifth session of the UN Environment Assembly starting on Monday. Governments are urged to agree on a treaty framework to curb plastic pollution. Nowadays less than 10 percent of plastic is recycled, with most dumped in oceans and landfill.


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PS4 to be in production by the end of the year?
Taiwan seems to be a very busy place at the moment as far as production of new electronics goes as is has emerged the PS4 might be going into production before the end of the year.
DigiTimes is reporting the Foxconn and Pegatron Technology who both handle the PS3 production have received orders for as many as 20 million units for delivery in 2012.
It is also believed that the new hardware incorporates some kind of motion sensing tech similar to Kinect.
Sony still maintains that they have no new hardware planned for release just yet and that the PS3 has plenty of time left to run on its 10 year lifespan.
- Ever wanted to know which next-gen console would survive a 30-foot drop?
- New Assassin's Creed: Unity patch is a bit on the large side
- Wonder what Zombie mode looks like for Call Of Duty: Advanced Warfare? Here's a trailer
- Xbox 360 Titanfall players getting a massive update next week
- Ubisoft pulls the Assassin's Creed: Unity Season Pass, offering free DLC and games to apologize for the problems with the game
- Dark Souls migration over to Steam delayed into next month now
- Sony to give partial refunds to PS Vita early adopters over misleading launch advertising
- And here's the goodies that Games With Gold will get you in December
- Nival announces beta access and a massive gun for pre-ordering Blitzkrieg 3


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Utrecht is considering raising the legal age for buying beer and wine from 16 to 18 when new laws are brought in allowing local authorities to impose their own age limits, the AD reports on Tuesday.
MPs are due to debate legislation allowing councils to increase the age limit in two weeks.
Utrecht city council hopes every where will opt for the 18-year limit, the paper says, without quoting sources.
In July a government commission recommended raising the age for buying alcohol and soft drugs from 16 to 18. At the moment, 16-year-olds can buy wine and beer and Dutch teenagers are heavy drinkers compared with other European countries.
But MPs are known to have concerns about the idea of a flexible age limit. Some say the move will lead to alcohol tourism, with teenagers crossing into neighbouring villages to buy beer where the age limit is lower.
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Finnish mobile phone maker Nokia is looking to broaden its portfolio of handsets available for purchase in the United States through wireless carriers this year.
At the moment, the company’s Windows Phone 8-based Lumia 920 and Lumia 820 smartphones are available in the country through AT&T, T-Mobile and Verizon, and more of them are set to be launched soon, it seems.
Chris Weber, Nokia’s executive vice president of sales and marketing, has confirmed that, a recent article on FierceWireless notes.
“We constantly evaluate, in the U.S. market or whatever market, what partners we're with. Right now our focus is really on broadening the portfolio with AT&T, Verizon and T-Mobile,” Weber said.
Furthermore, he explained that the company was looking into bringing Lumia devices at all price points via these carriers in the United States.
Apparently, there was no mentioning regarding the launch of these phones through wireless carrier Sprint, which has announced plans to add Windows Phone 8 devices to its offering only a few days ago.
For those out of the loop, we should note that Nokia currently sells its Windows Phone 8-powered Lumia 920 smartphone exclusively through AT&T in the United States.
However, the mid-range Lumia 820 is available through Verizon and T-Mobile as well, under the names of Lumia 822 and Lumia 810, respectively.
Based on Weber’s statement, we can expect the low-end Lumia 620 to land at these carriers in the near future, though the launch of new Windows Phone 8 devices is also possible.
Nokia has started to see increased interest in its Windows Phone devices lately, and announced yesterday sales of 4.4 million Lumia smartphones for the fourth quarter of the last year, marking an increase of around 50 percent when compared to the third quarter.
Nokia’s Windows Phone 8 handsets appear to be driving demand, both in the US market and elsewhere, though sales are influenced by the increasingly tight competition from Android and iOS on the smartphone segment.


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On next year’s menu is an all-you-can-eat buffet of new Atlanta restaurants.
With mixed-use projects such as Buckhead Atlanta, Ponce City Market, Avalon and Krog Street Market opening multiple eateries next year, and a variety of chef-driven projects in the works around the city, 2014 is poised for the most new restaurants in recent years.
“Especially in Atlanta, there seems to be a lot going on,” said Chef Ford Fry, who plans to open as many as four restaurants in 2014. It promises to be his most prolific year to date. “My gut tells me it’s going to be a good one.”
So what foods might we find on our plate next year?
Nationally, the No. 1 menu trend for 2014 is locally sourced meats and seafood, predicts the National Restaurant Association in its “What’s Hot in 2014” survey of nearly 1,300 professional chefs.
Other hot trends include gluten-free cuisine, restaurant gardens, farm-branded items and non-wheat noodles (such as quinoa, rice and buckwheat).
As for ethnic foods, NRA says it’s Peruvian, Korean and Southeast Asian cuisines that are becoming most popular.
Atlanta Business Chronicle surveyed local chefs, restaurateurs, designers and culinary experts about what they see as hot food trends for Atlanta in 2014.
Here’s what they said:
Partner, Fifth Group Restaurants
“I feel that you’ll see a continued interest in healthy eating, the result being a greater emphasis on creative vegetables and interesting heritage grains throughout menus. Although many of these ancient grains originate in foreign countries, those represented in Atlanta’s menus will likely come from regional growers as the demand for local products continues to be the expectation of many guests.
Another trend supporting and sustaining this grain interest is the increasing desire for delicious, gluten-free options.
On the big-picture-concept front, I think Atlanta will begin to see regional Chinese restaurants moving out of the mom-and-pop segment with more serious service and design-focused offerings within the intown markets.”
Chef Kirk Parks
Co-owner, Rathbun’s, Krog Bar & Kevin Rathbun Steak
“Bitters will move from the bar into the dining room. Pork sausage will become the new pork belly. Warm salads. Reduction sauces will make a comeback. And, saffron in desserts.”
Chef Doug Turbush
Owner, Seed Kitchen & Bar, Stem Wine Bar
“The interest in locally grown, foraged and crafted ingredients continues to be more than just a trend, it is more like a movement and is our focus with Seed.
Sustainable seafood options are thankfully becoming popular as the ocean’s supply of popular fish like tuna, grouper and sea bass is dwindling.
I think we will see more small-plate-driven restaurants like Chicago and New York have, as people want to taste more things during their visit to restaurants.
Food and wine pairings will become more popular as the U.S. continues to increase production and consumption of quality wines.
Ingredients: cauliflower, octopus, quince; Cuisines: Asian, Spanish”
Principal, ai3 Inc.
“Authenticity will reign supreme in 2014. Restaurant concepts will become more specified by focusing on different regions or periods from history (e.g. Lure, Ink & Elm, the forthcoming Cooks & Soldiers). That demands being true to place and time especially as it relates to design and materials. We also expect to see the rise of the ‘extreme simple’ menu, resulting in single-item restaurants, somewhat of a ‘bricks-and-mortar’ food truck. Lastly, we think more chefs will reach diners outside of their restaurant with things like ready-prepared meals with their own labels. Atlanta is full of time-deprived foodies that will love to bring their favorite chef experiences home!”
Chef Guy Wong
Owner, Miso Izakaya
“I believe in 2014, move over Sriracha, the new spicy Korean flavoring will be Ssamjang!”
Project Executive, Choate Construction Co.
“Watch for restaurateurs focusing on innovative delivery methods. From technology that not only takes your reservation, but remembers who you are, your favorite varietal of wine and how much you spend, to food being delivered to your table via mini-roller-coaster rail or pneumatic tube, some are changing the status quo to retain good clients and boost profits while some are using alternative methods to create unique experiences. This all seems like a natural extension of the food truck craze. People seem to care as much about how they get their food as they do what they actually eat.”
Senior Associate, CBRE Retail Services
“Trends in Atlanta will start to mirror other major U.S. cities with the niche market of healthier food options starting to hit more mainstream. Expect a lot of gluten-free and paleo-inspired full-service restaurants, as well as fast casual options. We will also see restaurants modify traditional menu items, beginning to infuse global flavors and condiments. Additionally, in Atlanta we will see chefs expand in their cooking and food preparation techniques, assimilating to those of specific regions throughout the world rather than the broader cuisine of an entire country.”
Executive Director, Georgia Restaurant Association
“Locally grown food continues to be a significant trend in the restaurant industry. Now more than ever, consumers are curious about what is in their food and where it came from. People are conscious of the fact that when you buy local, it can have a positive effect on your health and the health of your community.
Another trending topic is providing healthy menu items for children. Our industry is making a conscious effort to give parents and children the option to choose nutritious items, with a focus on increasing consumption of fruits and vegetables and limiting fats and sugars.”
Chef Nick Oltarsh
Executive Chef, ONE. midtown kitchen.
“Modern Israeli food and modern Middle Eastern food.
Foods of Brazil, as they play a larger role in the world economy and they host the World Cup.
Russian food, as it will get some play due to the Olympics.
Food trucks are already in trend but there will be a move toward food truck parks like Portland has — 20 to 30 trucks congregated together.
And, I hope less peat moss and ferns and lichens.”
President, The Shumacher Group Inc.
“You’ll see the continuing influence of fast-casual. Those are aren’t going away. Everyone wants to be the next Chipotle or Starbucks. People want quality food quicker but they don’t want fast food.
You’ve got a growing variety of ethnic restaurants that will expose people to a variety of new cuisines.
It feels like seafood and oyster houses are getting big. There will be a continuing interest in shellfish and fish.”
Owner, Diesel Filling Station & The Tailgating Chef
“We’ve seen the recent influx in beer pairings and beer dinners, and I see craft beer continuing to climb in the coming year. Specifically, with the already growing trend of canned craft beer. Brewers across the country are installing canning lines and for good reason. The integrity of the beer holds true in cans over bottles. With new technology in the lining and the lack of light to alter the original taste, can beer will see further development in the year to come. The change has already begun, expect to see many breweries following in 2014. Canned beer isn’t just for the dive bars anymore.”
Chef Shane McIntosh
Owner/Executive Chef, Ocean Catering Co.
“I think 2014 is going to be a very exciting year for food and restaurants. I think a lot of chefs are finally going to learn to cook and get away from all those weird, boring ingredients that are only good because no one knows what they are! I think ingredients will become much simpler and the emphasis will be on the technique.
I think the hanging beef tenderloin will be the star of meat in 2014. This little-known cut was called ‘the butcher’s steak’ throughout history. The butcher would keep this cut for himself when trimming down whole beef. It has a rich, iron flavor, requires very little preparation and goes with anything. It is a little difficult to trim but worth every bit.
Lastly, I see diners moving quickly to European-inspired delis that concentrate on the best ingredients in new combinations. Light, rich paninis and gorgeous entrée salads will be all the rage in all the downtown areas. I think it will continue the Third World street food trend but refine it for the masses.”
Pitmaster/Co-Owner, Bone Lick BBQ
“2014 will be the year of the Unicorn Burgers! We will hunt this elusive, mystical creature and we will find it. Then we will learn how to prepare it. Magic in your mouth.
On a more serious note, I think that healthier kids meals will be a big one this year. Or at least that would be nice to see. Also, inexpensive Asian cuisine will be big — think lunches for under $6. Truffles are done. Guy Wong will dazzle us with something, I am sure. Pigeons will be the new popular meat. Smoke-infused drinks will be big ... and 300 more taco joints will open this year.”
Chef Richard Silvey
Cypress Street Pint and Plate
“I think 2014 is all about going back to the basics, back to food being good. The era of trying to be avant-garde is a fad in a few restaurants, but I think across the board, it’s comfort food, homey food, good food that’s well-seasoned and approachable that will take the stage next year.”
Pitmaster/Owner, D.B.A. Barbecue
“I think fried chicken and BBQ are going to be big in 2014. We have been working our way through the comfort foods in the last few years. Pizza, burgers and tacos have all had their day in the sun and now it’s time for BBQ. We are going to start smoking ducks, lamb ribs and beef tenderloins this year. We are also going to start doing our own sausage.”
Chef Alex Friedman
Owner/Executive Chef, P’cheen
Partner, Georgiaville Food Co.
“I think that 2014 will see the rise of more nose-to-tail and stalk-to-root cooking. In other words, utilization of the entire animal and/or plant in order to not only reduce waste, but also to create some new, exciting flavors. I also see restaurants taking the locally sourced, farm-to-table movement to the next level by growing products like vegetables and herbs themselves.”


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US: Sears margins hit Q1 earnings
- Total revenues flat at US$10bn
- Net income falls
- Comparable store sales up at Sears Domestic and Kmart
Sears Holdings has been hit by lower margins leading to it reporting a fall in net income for the first quarter despite a rise in same-store sales.
Net income attributable to Holdings' shareholders for the quarter reached US$16m, or $0.14 per diluted share, in 2010 compared to $26m, or $0.21 per diluted share, in 2009.
Adjusted EBITDA for the quarter was $304m in 2010 compared to $359m in 2009. However, the company did register increases in comparable store sales of 1.7% at Kmart and 1.2% at Sears Domestic.
"Kmart registered a comparable store sales increase for the third consecutive quarter and Sears posted its first quarterly increase in several years as we effectively partnered with state agencies to sell energy-efficient appliances. Sears, however, also experienced lower margin rates during the quarter," said W. Bruce Johnson, Sears Holdings' interim chief executive officer and president.
"On the other hand, our Kmart format performed very well during the quarter, achieving margin rate improvement on top of its increase in sales and nearly doubling its Adjusted EBITDA. Furthermore, we continued to increase our investment in our multi-channel capabilities and ShopYourWay rewards program, while at the same time reducing our expenses."
Total revenues for the quarter of $10 billion in 2010 were flat with the first quarter in 2009.
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US broadline retailer Sears has announced its collaboration with UK fashion brand French Connection as "a major step forward", with a major advertising push now planned. ...
Maternity wear retailer Destination Maternity Corporation has tripled its fourth quarter profit, and says it expects strong earnings growth to continue in the year ahead....
Denim and casualwear brand Lee Jeans has inked a licensing agreement with Quebec-based Paris Geneve to expand the Lee apparel offering in Canada....
Australian conglomerate Wesfarmers today (21 October) said it was "generally pleased" after posting a 4.3% rise in first-quarter sales, helped by strong growth at its Kmart discount chain....
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PCGamer recently penned a cry for help to Intel's CEO Pat Gelsinger on behalf of gamers worldwide who haven't been able to buy a decent GPU at a reasonable price in a few years. The message was simple: you're the only company that can step in and end this madness, thanks to the impending arrival of your Arc Alchemist lineup of discrete GPUs. Surprisingly, Intel has responded, saying it's aware of the GPU shortage, and it does indeed plan on being the savior we all hoped would come along some day.
PCGamer's letter(Opens in a new window) is titled, "An open letter to Intel: Help, you're our only way out of the GPU crisis," and it implores the company to enter the GPU market with high volume and reasonable prices. This should theoretically apply pressure to both Nvidia and AMD, who so far have been unable or unwilling to do anything to curb the insane pricing of graphics cards. The RTX 3050 and RX 6500 XT are essentially remakes of previous GPUs with mostly useless ray tracing bolted on and higher price tags. And don't even get us started on the "refreshed" RTX 3080 12GB, which is almost double the price of the original RTX 3080.
Intel graphics chief Raja Koduri was first to respond(Opens in a new window) to PCGamer, and as the former architect for AMD's GPU division he has an intimate knowledge of the industry. "I am with you, @pcgamer. This is a huge issue for PC gamers and the industry at large," he wrote. "@IntelGraphics is working hard to find a path towards the mission - getting millions of Arc GPUs into the hands of PC gamers every year." Later, Intel's CEO Pat Gelsinger chimed in, tweeting(Opens in a new window), "I am with you, too @pcgamer. We are on it."
Promising words, no doubt, and it's also significant that Pat replied himself. It's quite rare for the CEO of a company as large as Intel to be on Twitter replying directly to people, but we assume Raja tipped him off. Still, it's encouraging that Intel is listening and aware of how they can "disrupt" an industry that has only gotten worse as the pandemic has continued.
There's a problem with the idea that Intel can fix this, however. Intel is using TSMC's 6nm process for its GPU fabrication duties. TSMC's foundries are already pushed to the limit and Intel's launch may not increase the absolute number of GPUs being built worldwide every month.
Regardless, PCGamer is right that Intel has a huge opportunity in front of it right now, with an industry literally begging for their products. One remaining unknown is how Intel will position and price its GPUs. Previously the company had stated that its Arc lineup would be launching in Q1 2022. It even printed that date on slides shown at CES a few weeks ago. Then the company quietly scrubbed all references to "Q1" for the Arc launch on its website. That's not a good sign. However, like many gamers, we remain hopeful that Intel has something decent in the pipeline. The company has stated it wants to compete in the "high performance" category as opposed to just releasing a budget card, and lord knows there's pent up demand for a graphics card that can run 1440p at high frame rates with ray tracing. According to Intel's previous teaser video, that's the company's performance target. Will Intel deliver? Nobody knows the answer to that question, but the company is clearly aware of the unusual moment it finds itself in.Now Read:


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Vitamin Shoppe launches online subscription service — with a hook
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Taking a page out of Birchbox's play book, The Vitamin Shoppe is going to be sending out personalized sample boxes of new products.
The retailer on Monday launched a product subscription service that will allow customers to save on their favorite wellness items while receiving them on a flexible, automated shipping schedule. Called Spark Auto Delivery, the program includes a built-in trial feature for new products whereby subscribers will receive a complimentary personalized sample box — our times a year — to help introduce them to new products.
Additional perks include complimentary, virtual wellness consultations with certified nutritionists and customized "transformation plans to further help members achieve their personal goals," the company said. Customers who subscribe to Spark Auto Delivery will receive 10% off of more than 1,000 participating products, double Healthy Awards points, and free shipping in the continental United States. Customers can choose their own product shipping schedule.
"While the concept of auto delivery is not new to the industry, we have created a consumer-first subscription service that combines convenience and savings with engaging experiences," stated John Hnanicek, chief customer innovation and technology officer at The Vitamin Shoppe. "With Spark Auto Delivery, we are enhancing our customer's journey from product discovery to delivery by incorporating personalized elements and interactions designed just for them."
The retailer collaborated with branding firm Liquid Agency to design the service.
"In a world where Amazon is challenging the retail norms, we employed Silicon Valley Thinking to design a subscription service experience for The Vitamin Shoppe that other retailers simply cannot replicate — by leveraging brand equities that are unique only to The Vitamin Shoppe and their customers," stated Dennis Hahn, chief strategy officer at Liquid Agency.


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The Opening Bell 6/19/17: Minimum Wage Won’t Even Buy a 2-Bedroom Apartment
The business world is still thinking about last week’s news of Amazon spending $13.7 billion to buy Whole Foods. The next step is assessing the future of Whole Foods along with their partners, Instacart being one of them. Steve chatted with Nilam Ganenthiran (Chief Business Officer at Instacart) to touch on their expansion to 70 Midwestern zip codes and their further development in the grocery delivery market. In the world of real estate, another story was trending about how nowhere in the US could a full time worker afford a 2-bedroom apartment on a minimum wage salary. Steve discussed the roots of this study with Diane Yentel (President & CEO of National Low Income Housing Coalition).


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Ives also thinks that the iPhone 13 will get a 1TB storage option. Currently the iPhone 12 Pro and 12 Pro Max top out at 512GB. Imagine how many photos and videos you’d be able to store on an iPhone 13.
Apple could launch the iPhone 13 on Tuesday, Sept. 14. The keen eyes of Cult of Mac saw the notes Wedbush analyst Dan Ives sent to his clients earlier this week in which he predicts the new iPhone will be announced in the third week of September. Apple typically holds its fall iPhone event on a Tuesday, hence the Sept. 14 date. That’s just six weeks away.
Since it’s the end of July, we’re firmly in the “don’t buy an iPhone unless you really have to” part of Apple’s annual phone refresh cycle. An ever-increasing number of rumors about the next iPhone seem to come out weekly. The iPhone 12 family is 10 months old and there have been a mountain of leaks and speculation about the next iPhone, which may be called the iPhone 13. It could also be named the iPhone 12S or just “iPhone” like the fourth-gen iPad. Maybe it will be the iPhone 21 because it’s 2021?
In June, during the keynote for WWDC 2021, Apple showed a preview of iOS 15, the next major version of the iPhone’s operating system that will likely launch on the heavily rumored iPhone 13. We are one and a half months away from when Apple typically announces the next iPhone. I gathered the newest and most persistent rumors about the iPhone 13’s cameras, specs and features. I also factor in what the iPhone 13 needs in order to be a success. Consider this my iPhone 13 wish list.
And just to be clear, these are rumors and leaks. Nothing is for certain until Apple formally announces it. Some of these rumors are from the past few months. Others are several months or years old and keep rising back to relevance. CNET has even more intel on the iPhone 13’s rumored cost, a potential release date and how the iPhone 13 might compare to the iPhone 12.
The News Highlights
- The iPhone 13 is expected to be released on September 14th, featuring iOS 15 and 1TB of storage
- Check the latest Rumors updates and news.
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The Embassy of Iceland held a reception last night on the day of the 50th Anniversary of Diplomatic Relations between Iceland and the People´s Republic of China. The Embassy was pleased to receive over 200 guests.
The reception highlighted the history of diplomatic relations between Iceland and China, the current growing ties through business and trade, cooperation and exchange, and served as an opportunity to look towards the future and the continued growth of friendly relations and cooperation.
At the reception, H.E. Þórdís Kolbrún Reykfjörð Gylfadóttir, Minister for Foreign Affairs and International Development Cooperation of Iceland and H.E. Deng Li, Vice-Minister of Foreign Affairs of the People´s Republic of China, gave pre-recorded congratulatory addresses. Both expressed a pleasure with the 50th anniversary and the growing ties between Iceland and China.
H.E. Þórdís Kolbrún Reykfjörð Gylfadóttir noted that business connections have never been stronger, and that Iceland was pleased to have affirmed its friendship with the China by being the first European country to recognize China as a market economy and signing a free trade agreement with China. The minister likewise expressed her pleasure with the continuing and growing cooperation between the countries in the field of geothermal energy and carbon recycling and mentioned the importance of fostering multilateralism, safeguarding international trade and fulfilling UN sustainability goals, as examples of where Iceland and China can work together.
H.E. Deng Li noted that while China and Iceland are thousands of miles apart their friendship has a long history. The Vice-Minister also mentioned the many ´firsts´ in the relationship, such as the recognition of China´s market economy status, signing of the free trade agreement and a local currency swap, stating that “These ´firsts´ fully demonstrated the pioneering spirit of China and Iceland in advancing bilateral cooperation“, further stating “We see great value in our relations with Iceland and will strengthen practical cooperation with Iceland in fields such as economy, trade, investments, geothermal energy, the environment and Arctic affairs on the basis of mutual respect, equality and mutual benefit“.
In a speech given by H.E. Thorir Ibsen, Ambassador of Iceland to the People´s Republic of China, he remarked on strong and growing ties, noting that the presence of Icelandic businesses in China. He also noted the ever-growing people-to-people ties, through tourism, education, and cultural exchanges. This, he observed, was evident at the reception, with guests from different sectors representing different facets of the relationship. Likewise, the presence of Chinese officials and diplomats, as well as the former ambassadors of China to Iceland who continue to strengthen the bond between Iceland and China, was noted. In addition, the Ambassador thanked the Icelandic businesses that form the IBF (Icelandic Business Forum) for their kind and generous sponsorship of the reception.


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The Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPEA) is set to launch the 12th edition of Garment Accessories and Packaging Expo 2023 (GAPEXPO 2023), an international exhibition, at the International Convention City, Bashundhara (ICCB) in the city on January 11 (Wednesday).
The four-day expo will be organized in collaboration with ASK Trade and Exhibitions Prv. Ltd that will conclude on January 14 and the exhibition will remain open for visitors from 11 am to 7 pm while no entry fee will be required.
Concurrently to the GAPEXPO, the 20th edition of Garment Technology Show Bangladesh 2023 (GTB 2023), the maiden edition of India Textile Trade Fair Bangladesh 2023 (ITTF Bangladesh 2023) and International Yarn & Fabrics Expo, which will be also held at the same event jointly with BGAPMEA, ASK Trade, and South Gujarat Chamber of Commerce and Industry (SGCCI).
Ministers, diplomats, officials of government and non-government organizations, garment accessories owners, service companies, foreign and local machinery companies, raw materials producers, owners of garments, textile and other export-oriented industries, suppliers, merchandisers, representatives from buying houses and business leaders will visit the show.
A good number of foreign companies including Germany, the United Kingdom, China, Taiwan, the Philippines, Malaysia, Singapore and India and local companies will participate in the exhibition.
The event would also open up ample opportunity for the exporters to show their best products under a single roof and may get an opportunity to contact potential buyers of RMG and other sectors.
The four-day event will showcase cutting-edge sewing, finishing, embroidery machinery, state-of-art technology, spares and allied products, man-made, synthetic, natural and blended fabrics, dress materials, trims and embellishments and other products.


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Sometime this week, the three-millionth overnight tourist in 2017 will arrive in Israel. To celebrate, and to further advance tourism, the Tourism Ministry will be treating this visitor to a special prize package that will include a helicopter ride over the country, an upgraded hotel suite, a limousine ride from the airport to their hotel, a guided tour of Tel Aviv’s Yemenite Quarter, and more.
Tourism in Israel this year has already broken previous records, and since the summer months the number of tourists has grown significantly. In fact, the three millionth tourist had originally been expected only at the end of November. The Ministry expects that over 3.5 million tourists will have visited Israel by the end of 2017.
“This is a day for us to celebrate and a history-making event,” said Tourism Minister Yariv Levin. “Receiving the three millionth tourist is a unique accomplishment that has never happened before. The massive investment and the cooperation we have developed with airlines and tourism agencies around the world has borne fruit. The benefits that have accrued from tourism have brought in NIS 17 billion ($5 billion) in income, and created thousands of jobs. The tourists who come and enjoy themselves are ambassadors for Israel.”


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The Miguel Wilson Collection’s 5th Annual Atlanta Fashion & Polo Classic Weekend returns on October 7-9 with the main event happening on Sunday, October 9, 12:00 p.m. – 6:00 p.m. at the Horse Mansion at Bouckaert Farm, 10045 Cedar Grove Rd., Fairburn, GA 30215.
The Atlanta Fashion & Polo Classic, “Where Culture and Class Connect” is known as an all-inclusive VIP experience, and multi-faceted event. The event has grown to incorporate multiple events within a single weekend, ending with the signature classic.
“Over the last five years, we’ve proven that the citizens of Atlanta demand an exclusive and luxurious experience,” said Miguel Wilson, founder of the Atlanta Fashion & Polo Classic. “Though this event is a major fundraising effort for the Ride to the Olympics Foundation, it is also a display of Black excellence at its highest level. We are intentional about cultivating an elevated experience through the use of Black businesses and talents to display our culture at its apex.”
This year’s guests will take part in the Miguel Wilson’s “Black Tie Experience” on Friday, Oct. 7, “Polo & Pumps Brunch and Day Party” on Saturday, Oct. 8th, also on Saturday evening, “Cocktails and Cigars Under the Stars” and the ultimate luxury experience at the 5th Annual Atlanta Fashion & Polo Classic on Sunday, Oct. 9th.
Guests of the 5th Annual Atlanta Fashion & Polo Classic will enjoy complimentary gourmet food options, signature cocktails, party tents, live music, cigar lounges, two polo games, equestrian exhibitions, and a fashion experience, while dressed in their best derby attire.
Special guests include: Business mogul and fashion designer Lisa Nicole, actor Palmer Williams Jr., Grammy-nominated singer-songwriter and producer Eric Roberson, singer Tony Terry, rapper Pastor Troy, Bar One entrepreneur and RHOA alum Peter Thomas, DJ Mark Battle, DJ Bombshell, record producer Drummer Boy, and many more.
The event benefits the Ride to the Olympics Foundation, a non-profit organization that aims to provide support to kids who desire to pursue equestrian activities, especially those who normally wouldn’t have the opportunity due to socio-economic obstacles. All proceeds from the 5th Atlanta Fashion & Polo Classic will go towards the Ride to the Olympics Foundation.
Additionally, Miguel Wilson and the Ride to the Olympics Foundation have partnered with the Boys & Girls Club of America polo teams, with kids between the ages of 8-18, in Atlanta and the Washington D.C. area. In addition, Miguel has been elected as the 2022 Chief Executive Officer’s (CEO) Award of Excellence for his philanthropic and business excellence by the Board of Directors of the Excellence in Education Foundation for Prince George’s County Public Schools (PGCPS), Inc.
Miguel Wilson Collection is a luxury men’s fashion label composed of suits, sport coats, trousers, shirts and accessories. It been the choice for many high-profile men on their wedding day, including Hollywood producer Will Packer, reality star Todd Tucker, NFL players Bobby Rainey and Travis Daniels, actor Josh Morgan, and rapper 2 Chainz.
Some of the Sponsors of the 5th Annual Atlanta Fashion & Polo Classic include Bentley Atlanta, The Corbett Family, Belaire Brands, Uncle Nearest Premium Whiskey, Whiskey Wright Distillery, Sukari Spirits, One Sound Entertainment and Future Outlook Group, LLC.
For more information or to purchase tickets, visit https://www.vipsocio.com/event/afpc2022


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By Ben Dowd, Sales Director at O2 Mobile connectivity is a vital part of modern…Read more
Small businesses take to tablets
Tablets are now an accepted part of business, with smaller businesses in particular seeing real benefits from the increased mobility and functionality tablets and apps offer.
Their adoption over the past couple of years has been phenomenal. And as you’ll see in this infographic, the growth in tablets for business shows no signs of slowing in the near future.


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In September Cadillac–once the most enviable of all American luxury brands–announced it would move its headquarters from beleaguered Detroit to New York City. Now in a further attempt to start anew, Cadillac has dumped its longtime advertising agency, Detroit-based Lowe Campbell Ewald (owned by Interpublic Group) to move to the Publicis Groupe SA, a giant advertising conglomerate based in Paris.
Lowe Campbell Ewald had worked with General Motors since circa 1920. GM moved its Chevrolet account away from LCE in 2010. The Cadillac loss is expected to decimate LCE, which cut its staff by more than half after the Chevrolet change. LCE didn’t handle Cadillac’s creative output, but only the account management. London-based Lowe and Partners produced the creative, so the Cadillac brand image was already being imported back to the states from overseas. Detroit adman Tim Smith told Crain’s that LCE is “better off, in my opinion, without the schizophrenic behavior of a bad client.” But that schizophrenic brand spent $280 million on media in 2013, according to the same Crain’s article. Better off seems a stretch.


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It was while sitting in a plane on the tarmac that Leo Polanowski, head of sales specialist and account management for Yahoo Inc., observed just how empowered consumers can be when they have a mobile device in hand.
Despite the flight crew inviting passengers to leave the plane during a bad weather delay, they refused to budge. Why? Several people on the flight were monitoring the Federal Aviation Administration’s live feed from their smartphones and it indicated a window for take-off would open up in just 15 minutes. So as a group, the passengers on the plane voted to stay and wait – a short time later they were airborne.
Just as data empowered those attentive travellers and other consumers, it can also empower marketers, Polanowski said at ICA’s AdWeek Toronto event. Ahead of leading a panel of agency leads, he shared some statistics pointing to a future dominated by the mobile channel and Yahoo’s plans to help advertisers capitalize on that. At the centre of it is a new tool for marketers that Yahoo plans to release in the first half of this year.
Yahoo’s studies show Canadians are now spending an average of two hours and 12 minutes per day on their mobile devices, Polanowski says. That’s the time added up over about 60 different screen time sessions – meaning the average person is looking at their device about once every 15 minutes.
“Digital is really growing because mobile is growing,” he says. “In the past year, more than half of all screen time is spent on mobile.”
Yahoo has a window into the data people are exchanging during that time on their devices. For example, 9 million Canadians are users of Tumblr, the blogging service Yahoo acquired. More than 30 billion daily emails are sent on Yahoo’s own network. For all the time you spend in mobile apps, a more recent Yahoo acquisition in Flurry provides insight into those analytics.
Yet Yahoo isn’t a leading destination for mobile users. In an interview Polanowski acknowledges that it’s behind Google and Facebook – the two brands with the lion’s share of time spent on mobile devices and mobile ad revenue – but argues that it has the same reach.
“The time spent isn’t the same, but we know who they are. We see that person across a lot of interaction types,” he says. “We can tie together the social, the email, the search signals, and you get a richness of data that’s not tunnel vision.”
Also, Yahoo offers a type of search retargeting that is not available on Google. Rather than targeting a web user based on what they clicked (the impression), Yahoo offers the ability to target a user based on search query. Then there’s getting a peek at what mobile users are doing outside of the browser.
Mobile apps are where users are spending most of their time online, and Polanowski says Flurry is the best analytics package in the market available for that. Acquired by Yahoo in July 2014 for $240 million, it can help marketers get at user intent.
“Flurry continues to be our big bet for that, for understanding the consumer in the mobile environment,” he says. “It can separate aspirational intent from what’s really being used.”
Rounding out Yahoo’s acquisitions and its cross-platform offerings for advertisers is BrightRoll, the programmatic video ads service it acquired in November 2014 for $640 million. Now that brand is used as the umbrella for all of Yahoo’s programmatic offerings.
Next up for Yahoo is a tool that will give marketers access to user behaviour data across all its different online services. First discussed at the Consumer Electronics Show in Las Vegas earlier this month, the tool is slated for release first in the U.S. and at some point in the first half of 2016, Polanowski says. Its intent will be to allow marketers who don’t have a skill set in data science to build out actionable insights.
“It takes signals from search, signals from mail, and uses it for some predictive type modelling,” he says. “You can start looking at different audiences and segments, looking at how they vary.”
No go to market strategy has been determined, but it’s likely the tool will support users of Yahoo’s ads service. Also, no commitment for a release to Canada has been made yet.
But the tool may help marketers better understand their target audience and hone the perfect ad for them – a practice that’s becoming more important as the mobile channel grows.
“Mobile devices are very personal devices,” Polanowski says. “For the ad experience, there is an expectation from the consumer that it is also a personal experience.”
That’s what an empowered consumer demands.
Watch ITBusiness.ca all week for more AdWeek coverage.


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BYJU’S The Learning App is now a Harvard case study
The journey of brand BYJU’S, which started off with classroom sessions for test prep to becoming India’s largest education technology company today, is now a Harvard Business School case study. The case study focuses on how brand BYJU’S is changing the way children learn across grades and geographies and how it has used technology along with a unique combination of content, media and technology to enable students across the globe. BYJU’s is one of the few Indian startups to make it to the reputed Harvard business publishing platform, others include Flipkart and Paytm.
Titled as “BYJU’S The Learning App,” this case study will be available for teaching purposes within and outside Harvard. Authored by John Jong-Hyun Kim, a Senior Lecturer at Harvard Business School, and Rachna Tahilyani, Associate Director, Harvard Business School India Research Center, the case studies the growth of the app, its impact on students and how this K-12 app can be used by students globally.
Talking about brand BYJU’S being a Harvard Case study, Byju said, “It is very humbling to have our brand story as a Harvard Business School case study. This further encourages us to innovate and build learning programs to revolutionize education and create a whole new segment of self-paced learners globally. We believe that education is still the best way to make it big for millions of people across the globe. Our efforts are to help children learn better, realize their potential and chart their own life journeys based on their education.”
Byju Raveendran was also invited to take a class at the prestigious Harvard Business School, where he interacted with the class to discuss how learning can be personalised with the help of technology.
- Chess Ninjas of BYJU’S celebrate World Chess Day at work!
- World Comic Book Day @ BYJU’S : A nostalgic walk down the memory lane
- Want to find out your ‘Travel Personality’? Try this Quiz!
- Shrimn Nishit on scaling his Growth with BYJU’S – His Journey from a Fresher to an AVP
- Celebrating Every Kind of Teachers – Happy Teacher’s Day!
Recent Facebook posts
All things comics at BYJU’S! BYJUites took a trip down memory..
This World Tourism day, BYJU’S celebrates the ‘traveller’ in..
Every city has its own story and Every one of us has our own..


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For Atlanta International Terminal Shopping: Click here
Despite what you may have heard, bigger isnâ€™t always better. For instance, Atlanta Hartsfield-Jackson is very proud of the fact that it is has been the worldâ€™s busiest airport for a decade, handling close on 90m passengers last year.
Yet if on-line travel forums are anything to go by, the airport has a pretty dismal track record among frequent travellers for delays, missed flight connections, congestion and poor customer service.
However, the good news is that this giant US hub and home to Delta Airlines allocated a large amount of cash ($6bn) to putting things right. More security lines, a better choice of car parking options, a new centralised car rental facility and greater shopping choice are just some of the improvements that have taken place.
The shopping offer is getting a much-needed makeover too. Some 70 new shops and restaurants opened in the airportâ€™s main Atrium and in five of its six concourses (T, A, B, C and D) at the end of June 2009.The new line up includes several brands making their standalone US airport store debut such as Italian fashion labels Salvatore Ferragamo and Ermenegildo Zegna (both Concourse A), as well as must-have business accessory BlackBerry and Sean John (both Concourse B), the latter being a store selling clothing and fragrances branded to the ubiquitous US hip hop singer.
Traditionally, there hasnâ€™t been a great deal to tempt female shoppers at Hartsfield-Jackson so many of the new stores target the fairer sex. Examples include the LancĂ´me Beauty Lounge (Concourse B), lingerie brand Luxe International (Concourse C) and crystal jewellery chain Swarovski (Concourse T). We also hear there are imminent plans to open a beauty spa on each concourse.
Travellers at Hartsfield-Jackson are clearly a literate bunch as a host of news stores and bookshops are also opening on each concourse. If itâ€™s local news you want, head to Atlanta Daily World, which has stores on Concourses B, C and D.
The New York Times Books & News outlet in The Atrium offers a popular Read & Return Program, where customers can buy a book, read it, return it, and receive a 50% refund on the initial price. Itâ€™s a neat idea other airport books shops would do well to copy.


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So, you don’t think Apple is taking its patent fight with Samsung personally? If you need more convincing then check out The Times’ interview over the weekend with Apple design boss Jony Ive, who unleashes blistering criticism of companies whom he thinks have shamelessly copied Apple over the past several years, particularly in the realm of smartphones and tablets. Although The Times’ interview is behind a paywall, Macworld has pasted some choice quotes from it in which Ive lashes out at companies who release “anonymous, poorly made objects” that he says rip off Apple’s designs but don’t come close to matching their quality.
Ive didn’t just spit fire at purported Apple copycats either but at the people who buy their products.
“We’re surrounded by anonymous, poorly made objects,” Ive said. “It’s tempting to think it’s because the people who use them don’t care – just like the people who make them.”
But if the people who create these “poorly made” devices don’t care about quality, Ive insists that the opposite is true for Apple engineers who put “years of investment, years of pain” into creating the best products in the world.
“[Apple engineers] care about things that are thoughtfully conceived and well made,” Ive said. “We make and sell a very, very large number of (hopefully) beautiful, well-made things. Our success is a victory for purity, integrity — for giving a damn.”
Remarks like these are a reminder of why Apple wants to squeeze every last dime out of Samsung — it sees itself as the vanguard of innovation and design and it doesn’t want any other company to benefit from its success. And unlike Microsoft, which has been content to grow fat on Android patent royalties, Apple has shown no signs of being willing to compromise with “copycat” companies. Just last week we learned that Apple is asking that Samsung pay a whopping $40 per smartphone as a condition for licensing just five patents, a demand that would almost guarantee that Samsung would never be able to make a profit selling smartphones again.


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Consistent with the Ecu Union’s statistics workplace Eurostat on Wednesday, Euro house annual inflation is as much as 9.9% in September, up from 9.1% in August. The inflation charge in September tapped a 40-year top, and traders suspect that the eurozone is “prone to a monetary meltdown.” Ecu Union’s Shopper Value Index Faucets a 40-12 months […]
Consistent with the Ecu Union’s statistics workplace Eurostat on Wednesday, Euro house annual inflation is as much as 9.9% in September, up from 9.1% in August. The inflation charge in September tapped a 40-year top, and traders suspect that the eurozone is “prone to a monetary meltdown.”
Ecu Union’s Shopper Value Index Faucets a 40-12 months Prime, EU Citizens Take to the Streets to Protest Sizzling Inflation
Europe’s inflation has jumped a really perfect deal since September 2021, in step with the hot record revealed through Eurostat on Wednesday morning. “The euro house annual inflation charge was once 9.9% in September 2022, up from 9.1% in August,” Eurostat’s September shopper worth index (CPI) replace notes. “A 12 months previous, the velocity was once 3.4%. Ecu Union annual inflation was once 10.9% in September 2022, up from 10.1% in August. A 12 months previous, the velocity was once 3.6%,” the federal government company’s record main points.
The announcement from Eurostat follows the contemporary inflation record revealed six days in the past through the U.S. Bureau of Exertions Statistics on October 13. Inflation in america for the month of September was once an 8.2% upward thrust within the 12 months via September. The eurozone’s CPI follows the area’s fiat forex the euro suffering to compete with the U.S. greenback. A up to date record revealed through Citi’s FX strategists says that the gang of foreign currency analysts recommend the euro may just sink to $0.86 in opposition to the buck if macro turmoil persists.
Stories point out that the price of bread is skyrocketing in Europe because the increased price of electrical energy, eggs, and flour has driven bakers to extend bread costs around the board. The New York Occasions main points that 1 in 10 Belgian bakeries have close down store over the emerging inflation ranges consuming away at their companies. Some accounts say that the inflation has been so unhealthy that citizens in Paris have taken to the streets through the 1000’s to criticize the emerging costs.
The economist from the Vienna Institute for Global Financial Research, Philipp Heimberger, notes that whilst inflation is wreaking havoc globally, Europe is going through the worst of it. “Around the globe, inflation is basically pushed through calories costs and (energy-intensive) meals costs within the context of provide chain problems,” Heimberger tweeted on Wednesday. Heimberger additional added:
The affect of provide elements in Europe is especially sturdy.
Some observers have blamed america for allegedly being concerned with the Nord Circulation sabotage, which has brought about Europe’s calories inflation to upward thrust even upper. Stories additional notice that along with Paris, France, protestors have reportedly accumulated in Germany, Austria, and Greece as neatly, to protest the red-hot inflation ranges scouring the eurozone.
Inflation in Germany, for instance, has reached an enormous harmonized charge at 10.9%, tapping a 25-year top within the nation. The eurozone’s inflation is so unhealthy nowadays, that international companies positioned within the area are beginning to relocate “eastward in Europe on the lookout for price financial savings.” At the first of October, the Telegraph reported that marketplace analysts imagine the eurozone is at “possibility of [a] monetary meltdown” because of “surging inflation and better charges.”
What do you take into accounts the eurozone’s red-hot inflation emerging in September? Tell us your ideas in this matter within the feedback segment underneath.


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Rhapsody to challenge iTunes by embracing the iPod</a
Digital music seller Rhapsody is launching a $50 million marketing assault on Apple’s iTunes, offering songs online and via partners including Yahoo Inc and Verizon Wireless, Rhapsody said on Monday.
The songs will be sold in MP3 format, which means users of the Rhapsody service will be able to play them on iPods.
Before now Rhapsody, jointly owned by Real Networks Inc and Viacom Inc’s MTV Networks, had focused on a subscription service, allowing unlimited song streaming for $13 to $15 a month, rather than selling downloads.
But Rhapsody Vice President Neil Smith said the fact the service has not been compatible with Apple Inc’s top-selling iPod digital player has limited Rhapsody’s reach.
“We’re no longer competing with the iPod,” Smith said. “We’re embracing it.”
Rhapsody also will be the music store back-end to MTV’s music Web sites and iLike, one of the most widely used music applications on social networking site Facebook.
Read Full Story HERE
(Via Reuters: Technology News)


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Business News›digital framework
India committed to minimising digital health divide, says Niti Aayog's VK Paul at G20 meet
India is committed to narrowing the digital health divide by promoting digital solutions and innovation, said Dr VK Paul, Niti Aayog member for health. The country's digital infrastructure and capabilities, such as mobile apps and telemedicine, could increase access to healthcare for all, regardless of location or socio-economic status. Dr Paul was speaking at the 3rd Health Working Group of G20 India event, titled 'Digital Health Innovations and Solutions to Aid Universal Health Coverage and Improve Healthcare Service Delivery.' The G20 Health Working Group is looking to create a global digital health initiative to promote equitable access to digital tools and technologies toward achieving universal health coverage.
Innovation in fintech is judged by magnitude of impact, not on tech newness: Indifi’s Alok Mittal
While emerging technologies have provided a boost to the fintech and payments ecosystem, Indifi’s Alok Mittal says true impact can only be measured if it provides for greater financial good.
Inter-ministerial consultation for ecommerce policy is ongoing: DPIIT secretary
The policy aims to prepare strategies for providing a conducive environment for inclusive and harmonious growth of e-commerce sector through a streamlined regulatory framework for ease of doing business, adoption of modern technologies, integration of supply chains and enhancing exports through this medium.
Major players looking at India as next chip-making destination: IT minister Ashwini Vaishnaw
The government is ready with the latest draft of the Digital India Act that will be released soon for public consultation while the Digital Personal Data Protection Bill will be presented in Parliament in the monsoon session
RBI plans new payment system to safeguard essential payments against digital attack, natural calamities
In its annual report 2023-23, RBI has mentioned conceptualising this new lightweight and portable payment system that can be operated from anywhere by a bare minimum staff in the event of natural calamities and war, the regulator said.
Digitally transform your business and stay ahead of the curve
Digital transformation is crucial for businesses to remain competitive in a fast-changing world where technology is pervasive. It enables organisations to streamline operations, allocate resources effectively, and respond quickly to changing market demands while extracting valuable insights through advanced analytics.
Upskill with top digital marketing coursesEmeritus and Indian School of Business (ISB) offer an Executive Certificate Programme in Digital Marketing that aims to teach early to mid-level professionals diverse skills such as content creation, SEO, data analysis, and social media proficiency, etc.
Farmers outfit, civil society caution government against joining IPEF trade pillarRaising concerns that India signing the pact would raise the cost of agricultural production, and lower the regulatory barriers to trade of genetically modified seeds, crops and food, they said: “We urge India to not join the trade pillar citing geo-political considerations and without analysing the full implications of the agreement”. They said that under the trade pillar of the pact, while India will not have to make direct tariff cuts, the IPEF will still extract commitments.
India, EU to work on rules, standards for tech industry: MoS IT Rajeev ChandrasekharThe minister said with the EU and US partnerships in place, India will now play a key role in defining the future of technology, as well as that of trade.
New Digital India Act to look at guardrails for AI, emerging tech via prism of user harm: Rajeev ChandrasekharThe upcoming Digital India framework will have a chapter devoted to emerging technologies, particularly Artificial Intelligence, and how to regulate them through the 'prism of user harm', Union Minister Rajeev Chandrasekhar said asserting that India will do "what is right" to protect its digital nagriks and keep internet safe and trusted for its users.
India plans sweeping overhaul of digital law as market swellsA first draft of the new law will be published in June, which is expected to carry proposals on a range of topics with the goal of creating an environment where Big Tech can operate while being more accountable to government and protect users.
Digital banks catalyst for the next credit revolutionAbout 85% of the jurisdictions surveyed for the NITI Aayog report on digital banks offer proportionate minimum capital requirements. Accordingly, the digital bank licensing framework should bring India's banking regime lockstep with the world, and offer proportionate minimum capital norms to the applicants.
Exclusive: Reliance JioMart lays off 1,000 employees; govt groups may submit AI rules framework soonLayoffs have now hit Reliance Industries, with its wholesale format JioMart sacking over employees, as per people in the know. This and more in today’s ETtech Morning Dispatch.
Government working groups may submit AI framework in two weeksThe working groups, set up under the aegis of the central programme that has now been christened as INDIAai, have been tasked with creating a framework for data governance framework.
How India can become the global supplier for digital metrology and remote calibrationsWorld Metrology Day commemorates the 1875 signing of the Metre Convention, which established the International System of Units (SI), the most widely used system of measurement. In India, this is administered through the Legal Metrology Act 2009 that regulates standards of weights and measures in trade and commerce, protecting consumers and aligning measurement standards with international ones.
Banks have to be conscious of co lending risks: SBI MDSpeaking at the IMC Chamber of Commerce and Industry’s banking and finance conference Setty said banks will have to carefully assess the portfolios of the NBFCs and micro finance institutions (MFIs) that they are in partnership with as part of their risk management.
Utkarsh 2.0 RBI’s strategy framework – key points to knowJP Morgan has rescued First Republic, an international bank that had failed, by taking on the bank's depositors and excluding billions of dollars in liabilities left with the Federal Insurance Deposit Corporation (FDIC). The Reserve Bank of India has formulated Utkarsh 2.0, a strategy framework for the period 2023-25, which aims to foster monetary and financial stability, ensure the development of an efficient and inclusive financial system, and promote balanced and equitable economic development. The framework has 60 strategies culminating in the desired outcomes and serves as a longer-term plan than the annual plans previously adopted.
Chase India report proposes self-regulatory organisation for digital lending industryThe report on whitelisting framework for digital lending apps (DLAs) intends to support the industry, as it will add legitimacy to the practices and business operations of the DLAs, while simultaneously defining an appropriate regulatory approach in the sector.
Talks on for Green Finance Model with key concessionsBankers argue that a broader policy is required to promote environmental, social and governance (ESG) lending, and the proposed relaxation will free up more capital for such financing.
Fix, or trash? From iPhones to toasters, The Right to Repair framework will let you restore your appliancesThe government wants to persuade manufacturers to allow consumers to repair everything from smartphones to cars. In the process, The Right to Repair initiative can bring relief for citizens and employment opportunities to the economy.
Media bodies reject proposal for unified legal frameworkThere is no requirement for a separate comprehensive code to address the convergence between broadcasting and telecommunication services, Indian Broadcasting and Digital Foundation (IBDF), Internet and Mobile Association of India (IAMAI), Digital News Publishers Association (DNPA), Association of Radio Operators for India (AROI), and All India Digital Cable Federation (AIDCF) said in their submission.
New NCERT textbooks revised as per NEP likely from 2024-25"The new textbooks are likely to be introduced from 2024-25 academic session. It is a tall task but we are aiming for that. The textbooks will be revised as per the new NCF, work on which is already going on," a senior MoE official said.
Balancing act! Stock selection, flexible investment framework key to superior returnsSimilarly, a framework built on the assumption that both debt and equity markets cannot correct by double digits in any given year would face difficulty operating in 2022, when both components of the famous 60:40 portfolio fell by double digits for the first time in a century.
World is not yet ready for global digital framework, says OECD Competition Committee Chairman JennyIn an online interaction with journalists on Friday, Jenny highlighted that even though everyone should be on the same page on the issue of regulating global tech conglomerates, it was too soon to move in that direction as it could stifle innovation.
Private cryptocurrencies will never replace fiat currency: Nandan NilekaniNilekani said incidents like the “fall of cryptocurrency exchange FTX in the United States” have shown that private cryptocurrencies aren’t a big threat.
Japan urges India to join Indo-Pacific Economic Framework's Trade PillarJapanese negotiator in IPEF Yamashita Takanari who was in India last week to participate in the second round of the IPEF negotiations told ET that Narendra Modi has announced to launch 'Digital Public Infrastructure Task Force' at G20 and IPEF Trade Pillar has digital economy as one of its key pillars and therefore India should consider joining the IPEF Trade Pillar.
Rebooting India’s IT legal framework: Budget 2023 in the age of ChatGPTAmidst all the furore on the data protection law’s various iterations making their way in and out of the Parliament, a commonly overlooked aspect is the proposed overhaul of the Information Technology Act, 2000 which is reportedly in the works.
Draft Digital India Bill to be available for public consultation by month-end: Rajeev ChandrasekharThe proposed bill, alongside the Digital Personal Data Protection (DPDP) Bill whose draft was released recently, will contribute to the evolving framework which is light on regulation, safeguards consumer rights and catalyses innovation, the minister said.Load More
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