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Former OUC building to become hotel
- Richard Bilbao, Staff Writer
The City Beautiful will get a new downtown hotel next to Orlando City Hall.
On Aug. 29, the city approved the $2.8 million sale of the 110,000-square-foot former headquarters of Orlando Utilities Commission to GDC Properties LLC, a Hawthorne, N.Y.-based real estate developer and operator.
The 44-year-old building was vacated by OUC after it moved into a new $40 million, 127,000-square-foot headquarters in 2008.
GDC Properties intends to renovate the structure and operate it as a 120-room midrange hotel. The project’s cost has not been determined yet, but industry experts estimate it would be at least $6.6 million, creating 50-plus temporary construction jobs.
In addition, it likely would employ about 108 workers, typically administrative, lobby, customer service, sales and marketing, utilities, food and beverage, and housekeeping staff.
Michael Orlandi, investment counsel with GDC Properties, said the time- line for the hotel project has yet to be determined, but it could open by 2013. Renovating the property into a hotel, he said, would be “a very good use with the downtown performing arts center in the neighborhood and the existing office and government venues nearby.”
Scott Smith, a hotel expert with the Rosen College of Hospitality Management at the University of Central Florida, agreed the GDC-proposed hotel property should be a success. “If you look at the things happening in downtown like the new Amway Center and the future performing arts center — this hotel looks to be in a really good location to serve those travelers wishing to enjoy those venues.”
Downtown Orlando’s hotel occupancy rate in July was 62.1 percent, up from 56.7 percent in the year-ago period. The immediate downtown Orlando area has nine hotels with a half-dozen more just outside the central business district.
Executives at Baker Barrios Architects, the managing architects, said the current design scheme for the hotel is to keep its exterior historical 1960s look, while providing a modern theme within.
City spokeswoman Cassandra Lafser said the developer has held one meeting with the city’s planning department and no project application has been submitted yet. Once an application is submitted, city departments will decide if the project is viable and then will make a recommendation to the city council.
GDC Properties has several retail and mixed-use properties — none are hotels — in other states, including Georgia, New York and Colorado, but it does not have any in the Orlando market yet.
In July, the firm announced plans to build a 247-apartment mixed-use development in downtown Orlando off Orange Avenue and Marks Street. That $35.9 million development is expected to break ground in mid-2012.
What this means to you
• Construction work and new jobs, which will boost the local economy.
• Convenient lodging for business travelers.
• Potential for more tourist taxes, which help pay for things like the planned downtown performing arts center.
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Vietnam, ROK strengthen trade and investment cooperation04/01/2021 25
A signing ceremony for a comprehensive strategic cooperation agreement was held in Ho Chi Minh City on December 31 to promote trade and investment cooperation between Vietnam and the Republic of Korea (ROK).
In order to further materialise the connection between Vietnam and the ROK, towards more effective collaboration in trade promotion, representatives of VKBIA Central Vietnam, the Korea International Technology Exchange Association (KAITE), the Centre of Trade promotion and Support Investment in the South (under the Association of SMEs in the South of Vietnam), VKBIA Group Joint Stock Company and C&N Vina Company (Korean FDI enterprise) agreed to sign a memorandum of understanding (MOU) between the parties on “coordinating promotion, investment attraction, and trade cooperation between Vietnam and the ROK”.
The MOU has many specific cooperation contents, in which the parties pledge to continue to work towards transferring new and high technology, establishing collaborated R&D centres, cooperating in training high-skilled human resources for industrial clusters, cooperation and development for Industrial Parks in Vietnam, such as Phong Dien Industrial Park (Hue), Tam Anh Industrial Park (Quang Nam), Industrial Park. Minh Hung industry (Binh Phuoc) and building factories and workshops to serve high-tech production chains that meet the required standards for the global supply chain.
VKBIA President of Central Vietnam branch Nguyen Huynh Tan Trinh and General Director of C&N Vina Lee Chung Keun both affirmed that the coordination in promoting, cooperating and developing Korean-model-industrial-zones in Vietnam is very important. This coordination will promote and bring more ROK investors, corporations, and businesses to Vietnam in the near future.
President of the Korea Association of International Technology Exchange (KAITE) Lee Dong Jae emphasised that with the cooperation between VKBIA and Vietnam – ROK businesses this time, his association expects to join hands and welcome a new era of global technology exchange, and his association will strive to become a bridge between high technology and the development of high added-value business models.
Vice Chairman of Vietnam - Korea Experts and Intellectual Association (VKEIA) and CEO of VKBIA Group Pham Hai Dinh said: “with this cooperation contributing more to strengthening and connecting members of the Associations and Enterprises of the two countries, we will strive to bring international standard training programmes according to ROK standards for the training of skilled workers, while also supporting the provision of high-quality human resources, capable of receiving and developing high technologies from Korea and the world”.
Member of the Vietnam Fatherland Front Central Committee and Chairman of Vietnam - Korea Entrepreneurs and Investment Association (VKBIA) Tran Hai Linh expressed his hope that the cooperation between the parties on this occasion will bring practical progress in terms of the promotion of trade cooperation and the development of relations between Vietnam and the ROK, while at the same time contributing to the socio-economic development of localities in the South-Central region.
Source: Nhan Dan Online
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domain: news


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Boston, Massachusetts, July 20 (TNSPol) – The American P&C Insurance Association issued the following press release:
Rhode Island Governor Daniel McKee vetoed S.870 / H.6324, auto body legislation on Friday, which was opposed by the American P&C Insurance Association (APCIA).
said in its veto letter that “overall the legislation will add costs without adding commensurate benefits to consumers”. The governor also said that the “legislation would add two types of costs (” marking “and” sublease services “) that insurers would be required to pay to body shops when repairing a vehicle covered by the None of these terms are defined and there are no clear limits on when these costs might be appropriate. ”
APCIA Frank o’brien, Vice President of State Government Relations, thanked Governor McKee for the S-870 / H-6324 veto, this would allow the auto body industry to charge an undefined industry standard markup. “The legislation would likely increase repair costs and put upward pressure on the cost of insurance. As there is no definition or limit to the industry standard mark-up that body shops could charge, these additional costs could be significant and allow the auto body industry to recoup their profits at the expense of Rhode Island drivers who already pay some of the highest auto repair costs in the country. ”
This was a rare veto for Governor McKee who only used the veto pen three more times during his tenure. McKee expressed concern that the measures could result in even higher costs for consumers and small businesses when the focus should be on cutting costs to help our economy grow.


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It seems as if mobile phone owners are constantly chatting, texting, surfing the Web and playing games on their devices. Some wonder if the popularity of the mobile phone has caused people to become less social. After all, when people are busy choosing a new ringtone, they're not making small talk with the other people sitting next to them on the bus.
The Demise Of Conversation?
A study by Harvard researcher Robin Abrahams added fuel to the debate that mobile phones, along with iPods and other small "smart" devices, have caused people to socialise less. In her report, Abrahams said that people become shyer over time as they spend more hours plugged into their mobile phones. They forget, essentially, how to communicate with the strangers they encounter on the street. In the past, people would ask their bus or train mates how their days were going. Now, these same people will instead spend the entire commute reading sports scores or catching up on celebrity gossip with their smart phones' Internet browsers.
A 2007 study by Val Hooper and You Zhou, both with Victoria University of Wellington in New Zealand, found that many college students' use of mobile phones could be considered dependent behaviour. This means that these students frequently checked their cell phones for missed messages, used them to text friends and relied on them to scan Web pages throughout every day. In the study, some respondents admitted that they can't change their mobile-phone behaviour even though friends and family members have told them that they use their phones too often. This type of behaviour can hinder the socialising skills of mobile phone users, the study said.
Not everyone agrees that mobile phones make people less social. A 2009 study by the Pew Internet Personal Networks and Community concluded that new technology such as smart mobile phones did not cause people's social skills to erode. A study by the Kaiser Family Foundation found that these technologies are even helping students learn in different ways. Smart phones encourage students to collaborate more freely on research projects and other assignments, the study said.


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U.S. president terms revamped NAFTA an ‘incredible milestone’ that will be envied by other nations
Market yet to figure out size of impact from Iranian supply disruptions, according to analyst
New agreement to replace NAFTA, which President Trump had promised to cancel
France calls tariffs ‘illegal,’ as Mexico, Canada retaliate and E.U. threatens the same
U.S. Trade Representative’s office says new report clear indicator to all trading partners that IP protection is priority of Trump regime
U.S. president maintains his original plan, which requires Mexico to pay for border wall, has not changed or evolved
Can U.S. President Donald Trump save his presidency?
Trade experts tamp down expectations that first round of talks will produce substantial results
In interview, U.S. president complains about unfair media coverage, lack of cooperation from Democrat lawmakers
America’s Trump and Canada’s Trudeau grapple with differences on refugees, trade.
U.S. president tells lawmakers his administration’s sole allegiance will be to American workers and businesses.
Following collapse of TTP, Ottawa to ramp up efforts to seek alternate free trade ties in the Pacific.
President-elect says dissolution of trade pact among six immediate steps to ‘put America first.’
Economists say president-elect’s trade threats could risk retaliation and lead to job losses, recession.
Experts say Republican candidate’s anti-free trade message clear indicator of working class frustration.
Economic unions raise the hackles of nationalists, but they’re the surest way to progress.


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REDMOND, Wash., and LONDON, June 12, 2001 — Microsoft Corp. and Pace Micro Technology plc, a leading pioneer in digital set-top boxes, today announced the first implementation of Microsoft® TV technology following last year’s memorandum of understanding (MOU), which enabled Pace to integrate Microsoft TV Advanced software into Pace’s set-top box platform. The alliance is supported by a development agreement and a licensing agreement.
The alliance will enable United Kingdom-based developer Pace to integrate Microsoft TV Advanced software into its set-top boxes and deliver a broad range of interactive TV features and capabilities, from enhanced broadcasting to digital video recording. The Pace set-top boxes with Microsoft TV will be deployed for the first time in the second half of 2001, as part of Microsoft’s existing deployment with TV Cabo to cable subscribers across Portugal.
The alliance enables Pace to implement Microsoft’s open architecture platform, delivering on the MOU between the two companies to develop a wide range of applications for digital television. It marks one of the first adaptations of Microsoft TV Advanced software to include full support for the Digital Video Broadcast (DVB) standard. DVB is the dominant standard in digital TV worldwide. Pace and Microsoft also have signed a licensing agreement enabling Pace to preinstall Microsoft TV Advanced software directly onto its set-top boxes for distribution across Europe. Microsoft is fully committed to supporting leading vendors in this space, and its alliance with Pace will enable a more rapid development and deployment of digital enhanced TV services to the home network.
“Our alliance with Pace represents a major step toward our goal of accelerating the availability and benefits of interactive TV services to customers across Europe,”
said Jon DeVaan, senior vice president of the TV Division at Microsoft.
“Through alliances such as these, organizations such as Pace can adapt the Microsoft TV platform to individual markets and individual customer requirements, proving the flexibility and the adaptability of our interactive TV platform.”
“The new alliance with Microsoft is a significant win for us,”
said Tim Fern, chief technology officer at Pace.
“We are fully committed to developing and integrating Microsoft TV Advanced technology into our set-top box platform, and this new alliance will allow us, as a licensed supplier, to deliver the highest-specification open platform possible for third-party innovation across Europe.”
Pace Micro Technology plc is a pioneer of digital technology for the home and has helped build the global market for pay television services. Using this expertise, Pace is evolving the set-top box into a home gateway to enable sophisticated services for TV and the networked home. In this networked home, the Pace home gateway is the portal for interactive communications, for consumer devices and services to interact with each other and the outside world.
Pace analog and digital technology has been installed in over 13 million homes worldwide since it was founded in 1982. The company is now actively involved in all digital platforms — satellite, terrestrial, cable, wireless and DSL — through alliances with broadcasters, network operators and technology partners in the United Kingdom, United States, Europe, Latin America, Australasia and the Far East. These achievements were made possible through the commitment of Pace’s 1,400-strong work force, over a third of whom are research and development engineers, dedicated to the development of digital technology for the home and small- and home-office markets.
Pace’s head office is in Shipley, West Yorkshire, with further offices in Bracknell, Cambridge, the United States and Hong Kong. The company’s shares are traded on the London Stock Exhange (PIC). Further information is available on Pace’s Web site at http://www.pace.co.uk/ .
About the Microsoft TV Platform
The Microsoft TV platform is a standards-based, client and server software family that enables network operators and their partners to deliver the most compelling interactive TV services to consumers. The platform supports a range of TV devices — from current and next-generation set-top boxes and digital video recorders to integrated television sets, entertainment appliances and other computing devices. Through the platform, network operators and hardware providers can team up to offer consumers an unparalleled range of services, from e-mail and Internet on television to interactive programming, electronic program guides and digital video recording.
Microsoft TV also creates significant new economic opportunities for network operators and industry leaders worldwide that have chosen to work with the platform to deliver or supply services, programming, hardware and software for the interactive TV industry. Microsoft TV supports open standards, and is backed by the technical expertise, support and broad third-party
developer community for which Microsoft is known. It is an integral part of the Microsoft .NET vision of empowering people through great software — any time, any place and on any device. More information about the Microsoft TV platform can be found at http://www.microsoft.com/tv/ .
Founded in 1975, Microsoft (Nasdaq
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software — any time, any place and on any device.
Microsoft is a registered trademark of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at http://www.microsoft.com/presspass/ on Microsoft’s corporate information pages.


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Technology news stories with a direct relevance to the European fresh produce business, including updates on production and harvesting systems, sorting and grading machinery, packaging, coldstorage and controlled atmosphere, digital management, robots and automation, vertical farming, artificial intelligence, and machine learning.
Full collaboration across the entire global shipping business could not be achieved, admits carrier
Asia’s premier fresh fruit and vegetable trade show returns to AsiaWorld-Expo in Hong Kong on 6-8 September 2023
Comment: Fresh produce firms must remain agile to meet fluctuating demand, as well as considering investment in automation and AI, as they face up to supply chain instability, inflation, labour shortages and climate change
As regional sales director EMEA he will lead the company’s processed food sales in the region
The main aim of the collaboration is to be able to quickly identify lead genes associated with important crop traits in order to develop crops with durable resistance
Data-drive technology has “almost infinite” potential to cut waste in fresh produce supply chains, says company
Two modular pieces of equipment to pack fruit into trays and trays into cartons can significantly reduce packhouse labour requirements
Retailers including Aldi, Lidl, Delhaize, ICA and M&S among those who attended the leading event for the global berry business
Eurofruit is the leading fruit and vegetable industry marketing magazine for buyers in Europe.
Subscribe and get 10 issues per year. Plus newsletters and full digital access.
Lockwood will be directly responsible for the harvesting and grower services departments
Former Capespan and Unifruco chairman rewarded for his conservation work on his family fruit farm in Elgin, South Africa
Union boss said it would take one of two more days for flow of trucks carrying fruit to ports to normalise
The climate action group is calling on more businesses in the UK to take immediate action on climate change, including efforts on food waste and plastic packaging


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Debates about tax policy and the economy usually focus on federal taxes. But even as President Bush argues for the extension of his tax cuts, a study conducted by Ernst & Young for the Council on State Taxation finds state and local taxes on businesses -- incluuding property, sales, and corporate income taxes -- growing at an accelerating rate. From fiscal year 2000 to fiscal year 2003, in a foundering economy, state and local taxes on businesses grew by 8.3 percent, or 2.7 times faster than nonbusiness taxes, accounting for some two-thirds of state and local revenue growth. And the trend was toward higher growth: Average taxes grew 1.6 percent in 2001, 2.1 percent in 2002, and 5.3 percent in 2003.
The biggest tax hiker was Wyoming, where taxes paid by businesses rose 20 percent. Businesses there paid a whopping 69 percent of total taxes. In only three states -- Oregon, Connecticut, and Alaska -- were taxes held constant or lowered. Perhaps this trend is not entirely unrelated to that "jobless recovery" we've been hearing about.
CHART (not available online): Increases in Business Taxes, FY2000-FY2003


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04 June 2009
The Information Technology Center (ITC) bared that through the recommendation of EVP Ernesto P. Maceda Jr., University President Adel A. Tamano approved in April 2009 the upgrade of the Internet bandwidth of the main line of PLM -- in time for the opening of the school year (SY 2009-2010). Engr. Garry Erwin N. de Gracia, ITC Director, said that the initial increase in the bandwidth size is four times the current speed starting June 2009.
“To ensure reasonable access speed for our scholars, faculty and staff at the start of the new school year, positive measures were taken by PLM including bandwidth upgrade and selective content filtering,” Dir. De Gracia explains. Noting the high number of computers connected to the Internet and the heavy utilization level of the bandwidth, the previous line was over-utilized or was not enough considering the ever increasing number of computers being connected in the administrative offices alone.
The bandwidth increase from 512kbps to full E1 (2048kbps, and burstible to 2xE1 or 4096kbps) is meant to cover the current utilization level. The ITC Director has engendered Eastern Telecom, the internet service provider, to provide PLM a premium line at extremely reduced price in consideration of PLM as a scholars' university. Bandwidth metering tests indicate that during high-utilization or peak hours, the line consistently performs better than the rated 2.048Mbps and bursts to nearly 4Mbps.
Upgrade to benefit Scholars
Since the free Internet access at the University Library is likewise increasing because of the recent donation of brand new computers from the alumni plus the recent purchases of the University, the upgrade was timely so that more scholars can benefit from the increasing number of units for research activities.
The free Internet access is a pet project of President Tamano as a value-added service of the University. Since more computers are now available, the President has also set aside units where scholars may compose articles and other academic requirements. This is aimed at reducing, if not eliminating, the costs incurred by scholars in renting at commercial cafés outside the campus.


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Skill Finder news stories
Skill Finder adds 20 new Career Pathways to support Aus economic recovery
Skill Finder has launched 20 new dedicated Career Pathways to help meet the growing demand for skilled workers in high-demand jobs such as data analytics, digital marketing and UX design.
Skill Finder wins $2.7m grant from Australian Government
This grant will help to further develop the platform to enable Australian workers and businesses impacted by COVID-19 to acquire applicable digital micro-skills for free.


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This is AI generated summarization, which may have errors. For context, always refer to the full article.
WASHINGTON, DC, USA (UPDATED) – The US government filed suit against Volkswagen Tuesday, March 29, charging it duped American consumers with “clean diesel” marketing, deepening the emissions-cheating scandal that has rocked the German auto giant.
The Federal Trade Commission announced it is seeking a federal court order requiring Volkswagen to compensate consumers who bought or leased more than 550,000 VW and Audi vehicles secretly outfitted with illegal pollution-cheating devices between late 2008 and late 2015.
In a complaint filed in federal court, the FTC alleged that during this 7-year period, Volkswagen, the world’s second-largest automaker, deceived consumers by making false claims that the cars were low-emission, environmentally friendly, met emissions standards, and would maintain a high resale value.
The FTC calculated that the affected cars sold for an average price of approximately $28,000.
If the German automaker is ordered to buy back all the affected cars based on the sale price, it would have to pay more than $15 billion, although this scenario appears unlikely.
“For years Volkswagen’s ads touted the company’s ‘Clean Diesel’ cars even though it now appears Volkswagen rigged the cars with devices designed to defeat emissions tests,” FTC Chairwoman Edith Ramirez said in a statement.
“Our lawsuit seeks compensation for the consumers who bought affected cars based on Volkswagen’s deceptive and unfair practices.”
Volkswagen Group of America, the company’s US arm, said it had received the complaint and “continues to cooperate with all relevant US regulators, including the Federal Trade Commission.”
“Our most important priority is to find a solution to the diesel emissions matter and earn back the trust of our customers and dealers as we build a better company,” it said in an email.
Volkswagen has been engulfed in a growing scandal since US regulators announced in September that the automaker had installed undisclosed software known as “defeat devices” to cap the output of nitrogen oxides (NOx) below US legal limits during emissions tests by regulators.
When the vehicles are in actual use, however, the software allows them to spew poisonous gases well above the permitted levels, giving the cars better acceleration and fuel economy.
The FTC said Volkswagen’s promotional materials repeatedly claimed that the vehicles have lower emissions than gasoline cars, and reduce NOx emission by 90%.
In fact, the FTC’s complaint said, they emit up to 40 times the legal limit of NOx, a dangerous pollutant that contributes to environmental harms and respiratory ailments.
Volkswagen has acknowledged it had installed emissions-cheating software in 11 million diesel cars worldwide.
In addition to still-unquantifiable regulatory fines from several countries, VW is facing a slew of lawsuits from angry owners of the diesel cars – notably in the United States and Germany – and from shareholders seeking damages for the massive loss in the value of their stocks since September.
The US cases have been consolidated in a federal court in San Francisco under Judge Charles Breyer. Breyer has given Volkswagen until April 21 to come up with a plan to fix some 600,000 cars outfitted with the emissions-cheating software or get them off the roads.
Volkswagen must provide a detailed plan including timing, cars involved, and payments to consumers by the deadline to avoid a trial, he said.
German media reported Tuesday that Volkswagen could forego a dividend payment to shareholders for 2015 in the wake of the scandal. The automaker – due to publish annual results on April 28 – has set aside more than $6.8 billion (6 billion euros) to cover the potential costs.
The scandal’s impact has been particularly harsh in the United States where the company wanted to promote “clean diesel” as a pitch to broaden its market share.
Since the emergence of the scandal, dubbed “Dieselgate,” Volkswagen’s US sales have been falling.
In its complaint Tuesday, the FTC noted that Volkswagen, in a mailer to customers, had attacked diesel rivals such as hybrids powered by gasoline and electricity, saying: “Hybrids? They’re so last year…”
The FTC said Volkswagen’s deceptive practices violate competition rules, and it is seeking an injunction to prevent the company from continuing them.
“Absent injunctive relief by this Court, Defendant is likely to continue to injure consumers, reap unjust enrichment, and harm the public interest,” the complaint said. – Jean-Louis Doublet, AFP / Rappler.com


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Apple Patent for "Slap Bracelet" Wearable Device Discovered
February 21, 2013 11:17 AM
comment(s) - last by
The patent application is for a "Bi-stable spring with flexible display"
A patent application filed by Apple indicates that it certainly is working on a wearable device, but it will work much like a "slap bracelet."
The patent application, discovered Thursday, was for a "Bi-stable spring with flexible display." It was filed in August 2011.
According to the application, the bi-stable spring would be made out of thin steel and wrapped in fabric covering, then heat-sealed. The display would be located on one side of the bracelet (overlaid with an adhesive) and the logic board and battery would be placed on the other side. Another idea shows that display mounted
right to the bracelet
and framed by a thicker fabric.
It is made for universal fit of any wrist (or other body part where the user wishes to wear it). The patent described sensors for "end-detection," which means these sensors can turn off an unused portion of the bracelet (for smaller wrists) that is covered by the bracelet overlap.
Other on-board sensors, like gyroscopes and accelerometers, can be used while the bracelet is in curved form (around the wrist) to detect when it is being worn and provide an uninterrupted screen. This would also make sure the screen's information is in the right position for the user to see it.
As far as the information provided on the display, the patent says this:
"With a touch screen user input a user can accomplish a number of different tasks including adjusting the order of a current playlist, and reviewing a list of recent phone calls. A response to a current text message can even be managed given a simple virtual keyboard configuration across the face of the flexible display."
Further, the battery could be powered by solar panels and kinetic energy to increase efficiency. It will also likely feature wireless charging for the internal battery.
Just last week, it was reported that Apple was working on
a smart watch device
The tech giant is already in talks with manufacturer Hon Hai Precision Industry Co., and Hon Hai has been working on new technologies for wearable devices, such as more efficient displays and chips at that size.
This article is over a month old, voting and posting comments is disabled
2/22/2013 1:09:34 AM
2/22/2013 10:04:43 AM
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These are the stocks posting the largest moves before the bell.Market Insiderread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and its hurting America," he told Yahoo Finance Tuesday.Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were close to reaching a trade deal.US Marketsread more
A small group of companies have gotten so big that they are essentially becoming the market, and when they do well, the markets do well.Trader Talk with Bob Pisaniread more
Trump is willing to talk with Iran, but he's "also determined to enforce the U.S. and our allies' interests in the region," Mnuchin tells CNBC.Politicsread more
Livongo, a digital health company, is announcing an integration with the leading smartwatch makers ahead of its rumored IPO.Technologyread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Mortgage application volume was 40% higher than a year ago, largely because lower rates are strengthening the refinance market.Real Estateread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Later this year, a new restaurant will open inside the Barneys New York department store at Copley Place in Boston.Retailread more
Facebook is testing a new "buy" button on its website that will let consumers purchase products that are advertised on its social network.
The new service, which Facebook described on Thursday as a test with a "few small and medium-sized businesses" in the United States, represents the Internet social networking company's latest effort to play a bigger role in the e-commerce business.
Facebook said its new Buy button will be available on the mobile and desktop PC version of its website and will allow consumers to purchase goods directly from participating businesses.
"None of the credit or debit card information people share with Facebook when completing a transaction will be shared with other advertisers, and people can select whether or not they'd like to save payment information for future purchases," the company said in a blog post on Thursday.
Facebook is not currently taking any portion of the revenue for products sold with the Buy button, a source familiar with the matter told Reuters. Credit card transactions will be handled by a third-party payment processing company, the person said.
Facebook in 2012 introduced a way for its users to buy their friends gifts such as socks and teddy bears. But Facebook stopped selling physical goods through the service after a year, letting consumers buy only gift cards instead.
— By Reuters


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The California assembly joined the senate yesterday in approving a mandate for 33% of the state's electricity to come from renewable sources by 2020, up from 20%.
President Obama says the federal government will buy only hybrids, plug ins, and other advanced technology vehicles for its fleet of 600,000 units by 2015. Cutting oil imports and using more domestic oil and gas is part of the new bi-partisan plan.
Pike Research predicts that the volume of plug-in hybrid electric vehicle sales in US will reach 204,110 by 2015. In the U.S. and Canada, plug-in hybrids will represent 71% of all electric vehicle sales in 2015.
Last year, clean energy investment across the globe grew by 30%, to $243 billion last year, with China continuing to solidify its position as the world’s clean energy leader by investing a record $54.4 billion in 2010.
Eco-friendly auto shops are popping up nationwide, offering green tune-ups for the masses with gas-guzzling vehicles.
Tesla Motors has sued the popular BBC program, “Top Gear,” claiming it maliciously lied about the company’s 2-seat Roadster. The episode said a Tesla Roadster experienced several breakdowns while being tested.
Speaking at the Center for Automotive Research’s conference, Canadian auto analyst Dennis DesRosiers said that vehicles with new powertrain technologies, particularly hybrids have been somewhat successful. He said this could be the decade of the hybrid as the technology finds its way into more cars.


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IT seems businesses have not been slow in coming forward when it comes to jumping into another’s grave! The number of independent traders in high streets across the UK, a trait replicated across Europe, surged during the latter part of last year. Why? Because while established chains bit the dust, others jumped at the opportunity sweep in with a new broom and clean up in terms of acquiring vacant shops at reduced rental rates.
A huge boom in new business outlets took hold towards the end of 2009, with floundering firms making way for entrepreneurial enterprise. The figures are in stark contrast to those of 2008 when the majority of businesses closing were independent.
The balance in retail power is said to have switched, for now at least, from the conglomerates to mid-size and small outfits as they have been able to organise themselves quicker to take advantage of low rates, as well as better consumer spending than a lot of experts predicted. Rents dropped by more than 10 per cent, a dramatic fall, and the biggest slump in more than 20 years.
There is a downside, with business running costs higher because of a rise in inflation and VAT. However, if you need premises or are looking to expand into the high street, look around. There could still be an affordable deal for you.


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For some time now, it’s been clear that the partnership between EA Sports and FIFA was going to be changing. For decades, EA Sports has released yearly soccer titles under the name EA Sports FIFA or “FIFA” for shorthand. However, back in October, EA announced that it was exploring changing the name of its yearly soccer franchise away from the FIFA branding. The reason for why this was going to happen ranged from differing viewpoints on how the future of the franchise should be handled as well as how much EA should be paying FIFA to use its name. As more information came out it became clear that a name change was more a matter of when rather than if.
On Tuesday, EA finally announced the new name for its soccer franchise as well as when we can expect that name to become the official title. Starting in July 2023, not too long after the release of FIFA 23, EA Sports will officially be using the name EA Sports FC for its soccer franchise. This means that FIFA 23 will be the final name in the franchise to use that title. EA Sports Cam Weber explained more in a press release.
Next year, EA SPORTS FC will become the future of football from EA SPORTS. Alongside our 300+ license partners across the sport, we’re ready to take global football experiences to new heights, on behalf of all football fans around the world.
EA SPORTS FC will allow us to realize this future and much more…but not before we deliver our most expansive game ever with our current naming rights partner, FIFA, for one more year. We are committed to ensuring the next FIFA is our best ever, with more features, game modes, World Cup content, clubs, leagues, competitions, and players than any FIFA title before.
For anyone that’s worried about what this means for the future of the franchise, the press release does include quotes from major leagues such as Premier League, La Liga, and UEFA to ensure fans that a new name shouldn’t mean less content for players. If all goes well for fans then this should be a rebrand and little else, but it does mean certain entities — like the World Cup — would be off limits for using the actual name if there’s a complete split with FIFA.


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German prosecutors said that Hydra Market was likely the largest illegal darknet marketplace worldwide, churning at least darknet markets 2022 billion in sales. The market's primary concentrate was on offering narcotics and offered other unlawful goods such as weapons, malware, and payment cards data. Darknet market seizure banner, typically used in LE takedowns of illegal sites Dark Market SEIZED BY GERMAN LAW ENFORCEMENT IN JANUARY 2022. Wednesday, 06 Apr 2022 "The Department of Justice will not allow darknet markets and cryptocurrency to be a safe haven for money laundering and the sale. Anna Golubova Wednesday April 06, 2022 17:08 "The Department of Justice will not allow darknet markets and cryptocurrency to be a safe haven for money. Justice Department Investigation Leads to Shutdown of Largest Online Darknet Marketplace April 7, 2022 April 6, 2022 - by MyChesCo. WASHINGTON, darknet markets 2022 darknet markets 2022. The.
Darknet market seizure banner, typically used in LE takedowns of illegal sites Dark Market SEIZED BY GERMAN LAW ENFORCEMENT IN JANUARY 2022. Darknet markets. The Dark Web: Still weaving. by Ben Johnson. Nov 11, reddit darknet market list 2022 2022 Minnesota Public Radio. All Rights Reserved. Marketplace is a division. Dark web marketplaces are online marketplaces where people can buy and sell illicit goods and services under Do you like Biggest Darknet Market 2022. Personal information of users collected through the use of FC2 Service is stored in accordance with the FC2 Privacy Polic. Issued on: 05/04/2022 - 13:22 "The Hydra market was probably the illegal marketplace with the highest turnover worldwide" with sales. Down the Russian illegal darknet marketplace called 'Hydra Market', in stolen cryptocurrency on the platform in 2022 and early 2022.
Defendant Allegedly Bought Drugs on Dark reddit darknet market list 2022 Web Using Virtual Currency narcotics via the Dark Net Marketplace (DNM) Empire Market, and. Dark Net. 2. Dark Web markets and onion links/URLs. Skip to content. Mon. Jan 3rd, 2022 4:00:05 PM Empire Market the best darknet market Rank #1(Defunct). As stated by the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA), it is worth mentioning that over 100 global darknet markets. Check out this guide which lists and summarizes the best and most popular Darknet Markets for 2022. It contains a summary for the market, location. Issued on: 05/04/2022 - 13:22 "The Hydra market was probably the illegal marketplace with the highest turnover worldwide" with sales. April 06, 2022 Ravie Lakshmanan "The dismantling of the Hydra Market, the dark web's largest supplier of illicit goods and services, sends a message.
R/darknet: Welcome to r/darknet! We are deep web enthusiasts who want to help others. Monthly Advertising Sticky Thread - April 01, 2022. Megathread. Versus Market is a very good alternative to other top darknet markets. access these dark web markets r darknet market and Dec 11. The dark web market was exclusively accessible via the Tor network and targeted at international trade in criminal goods. Most recently, more than 63000. Largest Darknet Market Shut Down by darknet markets 2022., German Authorities By. Andrew Martin. Follow. April 5, 2022, 1:27 PM PDT. Biggest darknet market 2022! Turning on the lights: Law enforcement announce takedown of. Wednesday, 06 Apr 2022 "The Department of Justice will not allow darknet markets and cryptocurrency to be a safe haven for money laundering and the sale.
Deep Sea Darknet Market
The European Monitoring Centre for Drugs and Drug Addiction has published its 2021 drug report with the latest trends and developments. The Dark Web has been cited as facilitating a wide variety of crimes. However, finding a reliable trustworthy vendor for anything on the deep web is pretty difficult, even when perusing through the halls of marketplaces like Dream or Wall Street. With a great admin (former admin of famous market CGMC),great support, multisig and anti-phishing measures,CannaHome is by far the best place to look for weed and mushrooms if you are in the USA. In such cases, the usernames should be removed into a separate file and analyzed without darknet markets 2022 connection to the actual posts. The US appears to be the most common source country for arms that are for sale on the dark web. For example, if a trade is opened with 10x leverage, this means that purchasing power is multiplied by a factor of 10, and that if the price of the asset fluctuates, the investor will lose or gain 10x the normal amount. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Princeton University carried out a study about it, using a combination of semi-structured interviews and online surveys. Kids how absolutely don't know anyone who's ever done Heroin, are unlikely to ever even have the thought, let alone, try to find out 'where on earth' to buy.
AlphaO2, real name Alexandre Cazes, the administrator of AlphaBay, was also arrested, and committed suicide by hanging himself with a towel in darknet markets 2022 his cell in Thailand a few days later. Read the Tutorial and watch the video from Sergey Sokolov about how to choose the perfect match. Two drug dealers who made millions of dollars selling cocaine, MDMA and LSD on encrypted messaging price of black market drugs app telegram through automated bots have been jailed for more than a decade, according to VICE World News.


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AUSTIN (KXAN) — H-E-B is planning to demolish Austin’s longest-standing location next year and rebuild with major upgrades over the course of two years.
According to a release from the grocery store chain, the store located at 2400 S. Congress Ave. has been around since 1957, and this is the first time it will be rebuilt from the ground up.
Demolition will start February 2022. In the meantime, H-E-B will open a temporary store at the adjacent Twin Oaks Shopping Center to serve customers in the area while it’s being rebuilt. That temporary store will open a week before construction begins.
The new store will stand at 145,000 square feet and have multiple levels: two for shopping and dining and others for above-ground parking. It will also have both indoor and outdoor seating areas for dining and an outdoor stage for live performances.
The grocer estimates the project will take about two years to complete.
The temporary store will not have curbside pickup, but home delivery and H-E-B pharmacy services will still be available.


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There has been a lot of coverage of ecommerce this year. Most of it has been focused on two things—Amazon’s meteoric rise, and how it is forcing conventional brick and mortar retailers to close shop. However, the best way to play ecommerce may not be to buy into such a retailer. Rather, Barron’s contends, one should buy International Paper. They are the world’s leading supplier of containerboard and corrugated packaging, and stand to benefit disproportionately from the rise of ecommerce, which uses a lot of packaging. The company has been steadily raising its dividend, and the outlook appears very healthy.
FINSUM: This looks like a high margin and growing business. It could be a great way to play ecommerce.


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Apple Stores start dressing up for iPhone 5s and 5c launchApple on Thursday started putting up window dressing at one of its Australian retail outlets ahead of the iPhone launch on Friday, with the colorful 5c taking space to one side of the store's door, while the other is dedicated to the high-end 5s.
The pictures, which come from Ben Pasternak and Matthew Rogers of BrandHitTech, show Apple is pushing the devices' new hues, with the 5s and 5c window displays segmented into five and three different colors, respectively.
It is unclear how Apple plans to arrange the actual iPhones in the display, though it appears that the phones will be prominently positioned in front representations of their respective color options.
Apple's iPhone 5s and 5c go on sale at Apple Stores around the world at 8 a.m. locally.
On Topic: iPhone
- UK supermarket giant Asda tests support for Apple Pay
- Touch controllers on iPhone 6, 6 Plus failing in specific way for some users
- Pyle launches low-end attack on GoPro with iPhone- & Apple Watch-connected $80 4K camera
- Facebook tests new autoplaying videos with sound for iOS users
- Primax tipped to be building dual-lens camera modules for 'iPhone 7 Plus'


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Last week’s Headlines (week of October 24): Interest rates could rise in the US in December but likely will remain stable in the UK thanks to stronger than expected post-Brexit growth, the CETA will be signed, Bitcoin receives a boost, Uber drivers are employees, and CIBC is the latest bank to be fined for ripping off customers.
The CETA (Comprehensive Economic and Trade Agreement) saga is finally coming to an end. The trade deal which was seven years in the making, nearly fell at the last hurdle when Wallonia, a French speaking region of Belgium, refused to agree to CETA unless provisions to protect farmers and labour interests were added, thus preventing Belgium’s parliament signing off on the EU deal. After tough negotiating Wallonia relented, and on Friday all 28 EU countries officially approved the trade agreement. CETA will remove 99% of the tariffs between Canada and the EU, and supporters say this will generate $12 billion more trade per year. Prime Minister Trudeau is now en route to Brussels to sign the deal. Reaching a deal could bolster the EU’s ability to sign future deals, and CETA could provide a framework for a post-Brexit UK deal with the EU.
Bit by Bit
Although the hype surrounding bitcoin has died down lately, the digital currency has received a major boost as Switzerland’s national rail service will sell the currency at its stations in November. Although customers will not be able to buy their tickets with BitCoin, they will be able to trade Swiss francs for Bitcoins at ticket machines. The two year pilot project is in response to consumer demand. There will be limitations however: buyers will have to provide a phone number and can only buy 500 Swiss Francs worth of Bitcoin at a time.
US Economic Growth
The US economy grew at an annualised rate of 2.9% in the third quarter of 2016 – the fastest growth the country has experienced in two years. The figures exceeded the expected growth rate of 2.5%. The US expresses growth at an annualised rate, while many other countries express the figure in quarter on quarter terms. Quarter on quarter growth was 0.7%. Strong economic performance could encourage the Fed to raise interest rates in December, which would strengthen the USD.
A tribunal in Britain has ruled that Uber’s drivers qualify as employees – not independent contractors. The ruling means that the 40,000 UK based Uber drivers are entitled to vacation days, sick days, and other rights granted to regular employees. Many British Uber drivers earn less than minimum wage while Uber has gone on to become one of the world’s most valuable tech companies. Supporters of Uber claim the drivers are independent drivers who take on the risk knowingly and that labelling driver employees could make the service more expensive.
CIBC has been forced by Ontario’s securities regulator to compensate clients who were overcharged. The bank will pay out $73 million in compensation. CIBC will have to reach out to those that were overcharged in order to pay them compensation. CIBC will also pay $3 million to the Ontario Securities Commission, and a further $50,000 to cover the cost of the investigation. Over the summer Scotiabank faced similar charges and was forced to shell out about $20 million in compensation. CI Investments, an investment management company, paid out over $150 million last February.
The British economy exceeded the predicted 0.3% growth rate by posting growth of 0.5% from July to September, indicating that the Brexit vote had little to no immediate impact on the economy. The strong numbers reduce the likelihood that the Bank of England will cut interest rates next week. Cutting interest rates would further dampen the pound which is already low. If interest rates remain stable it will be good news for anyone holding pounds, but won’t do any favours for Canadians looking to visit the UK.
Stay informed. Stay Current.


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What Does Netshoes Brazil’s E-Commerce Company Explain The Fall Of Netshoes?
One year after the IPO on the New York Stock Exchange, the market value of Latin America’s largest sportswear e-commerce store was reduced to one-fifth. Investors disapproved of changes in company accounting
In the fight: despite the turmoil, Marcio Kumruian bets on the innovation of the sales platform and the streaming service to turn the game
Just over a year ago, on April 14, 2017, Marcio Kumruian, a co-founder and CEO of Netshoes, was on a honeymoon with foreign investors. The IPO of Latin America’s largest sportswear e-commerce store on the New York Stock Exchange (NYSE) had been a success, attracting large foreign funds such as Tiger Global Management, Temasek Holdings, and Ruane, Cunniff & Goldfarb. Shares were traded at $ 18 and the company’s market value was $ 376.2 million. In a suit and tie, something unusual for a businessman accustomed to wearing sports clothes, Kumruian only heard compliments. NYSE President Thomas Farley, for example, underscored the wisdom with which the Brazilian manages the company’s finances. Five quarters later,
Last week, following the release of first-quarter results, the company’s share fell by 60% to $ 2.14. Netshoes’ market value, which peaked at $ 779.2 million on May 25 last year, melted to $ 66.5 million on May 16, 2018 (see chart below). What appears to have been the last straw for investors was a change in the company’s accounting. Until December 2017, Netshoes anticipated with the banks the debit accounts on the credit card. The money went to the cashier as revenue in exchange for a higher cost with the financial expense.
Past Joy: Kumruian (center), rings the New York Stock Exchange bell, last year. Honeymoon with investors lasted a short time (Credit: Disclosure)
When this practice of prepayment of receivables ended, the company’s cash flow dropped from R $ 396 million to R $ 60.7 million, which caused investors to question the financial health of the company. “Netshoes’ thesis was to open the capital out there because the American market is accustomed to companies that do damage. But foreign investors accept bad American business numbers and not a Brazilian company, “said Douglas Carvalho, founding partner of Target Advisor, a consulting firm specializing in mergers and acquisitions. “It was a very big misjudgment, and they were not delivering the growth they promised.”
Despite The Difficulties, Netshoes bet that with innovation can seek a way out and show that it will be able to generate results in the Future.
The company has finished migrating to a new e-commerce platform this month. It started being developed internally in 2016 to allow for more agility in upgrades and more control of technology. The expectation is that it also facilitate the personalization of the site according to the interests of each client. “We are moving from a business that is selling the products that are available to sell services and experience to the consumer,” says André Luiz Shinohara, director of marketing and sales at Netshoes. “It is a plan that we will achieve in the medium and long-term, but it is important to plant a seed right away.”
Within this technological renewal, Netshoes launched in March this year the streaming TV sports channel, to broadcast sports and championships that do not find space in the mass media, but which attract the interest of a good number of practitioners in Brazil. “There are different segments and no space sports in the big media,” says Shinohara. “Now, we are in a moment to understand the profile of the interested parties and publicize their broadcasts.” For now, there are 50,000 subscribers who mainly accompany the games of the Superliga volleyball, the National Futsal League and the Women’s Basketball League. There are negotiations to acquire rights to athletics events. Intermediation with the leagues and federations, in addition to the production of the broadcasts, is provided by the ESM agency, by Guilherme Figueiredo, a former Globo group.
Netshoes’ strategy in this first moment is to connect people with the new streaming platform and then monetize. But for the future, the prospect is to make a profit from this business. “It could be through the sale of advertising space, institutional support of brands to specific sports and the integration of the transmission with the sale of products,” says Shinohara. “Every company in the digital world needs to breathe technology.” This, at Netshoes, translates into the search for new features and services for the consumer. Therefore, the innovation passes through an agile team capable of developing products and services that will be the next wave of the market. One only needs to know if investors will have the patience to wait.
Netshoes Group Uses New Relic to Constantly Improve Website Performance and Customer Experience
In February 2000, Marcio Kumruian and Hagop Chabab opened a sporting goods store called Netshoes Group across the street from Mackenzie University in São Paulo, Brazil. Two years later, the burgeoning company launched its e-commerce operations, and within five years it had shut down its brick-and-mortar storefronts and moved the entire shopping experience online. Today, with more than 50 million people visiting its websites monthly, 10 million followers on social networks, and operations in Mexico, Argentina, and Brazil, Netshoes Group is the largest pure-play e-commerce sports retailer in the world—and in December of 2014, the company launched the online fashion store, Zattini.
Ensuring that innovation and performance go hand in hand
Key to Netshoes Group’s astonishing growth has been its consistently innovative use of technology. From the 3D scanner system that allows customers to compare the sizes of different shoe models (know your size in every brand!) to a mobile app that identifies tennis shoe models by photos and then enables customers to purchase them via their devices, Netshoes Group is constantly looking for ways to improve the customer experience through technology.
As Eduardo Berti, IT infrastructure manager for the company’s e-commerce department, says, “IT is the body and soul of Netshoes Group. Because we are a 100% e-commerce company, technology is our lifeblood—and it’s not just about doing flashy things on the website. It’s also about making sure that site navigation and usability are constantly optimized, so that there are no bottlenecks and that the website performs exactly as expected. Only then can we rest assured that we’re providing the best possible purchase experience for our customers.”
With this in mind, the tech team at Netshoes Group knew that when it came time to migrate its e-commerce operations to a new platform, that platform would need to be thoroughly vetted—comparing the performance of the new with the old. Finding the right tool for this task, however, proved difficult.
“We went to the global market and searched for some tools, but no single tool was able to provide us with all that we wanted,” says Thiago Cotting, lead systems engineer for Netshoes Group. The reason? Netshoes Group was not content to assess just application and server performance—as did most such tools. Instead, it wanted something that could monitor both the Internet and back-office environments—in other words, a tool that could link Netshoes Group’s technological vision with the all-important business decisions that drive performance.
“With New Relic, we’re able to focus on not just the applications and technology but also on the impacts any bottlenecks might have on the business.”
Thiago Cotting Lead Systems Engineer, Netshoes Group
Optimizing performance by understanding every aspect
The answer came in the form of a tool recommended by one of Netshoes Group’s partners. Says Cotting, “One of our partners had already been employing New Relic for his personal use, and he suggested that we investigate it for the task at hand. My team did just that and ended up implementing it immediately. Installation was quick and simple; all of the instructions were right on the website, and within a few hours we had already pinpointed and analyzed bottlenecks in the database that we were able to improve right off the bat. That, in turn, enabled us to accelerate the migration process with a better platform than the one we previously owned.”
And that was just the beginning: Today Netshoes Group uses every New Relic tool it can get its hands on to monitor every aspect of its business. For Netshoes Group Head of IT Infrastructure Rafaela Paiva, that means starting and ending each day with New Relic: “The first thing I do every morning when I come in to work is open my New Relic APM dashboard—that is, if I haven’t already accessed it from my smartphone or tablet at home. If we’ve just launched a campaign or done something that will bring market visibility to Netshoes Group, I’m able to see from that dashboard the immediate impact of our efforts. If users have tripled as a result of a newly launched campaign, for example, I know that I need to act quickly—adding or removing servers. New Relic gives me ease of mind because I always have a good idea of how our environment is working as a whole.”
Cotting echoes Paiva’s assessment, pointing also to the use of New Relic Synthetics, New Relic APM, New Relic Browser, and New Relic Insights as key factors in keeping the Netshoes Group site up and running and delighting customers. “With New Relic, we’re able to focus on not just the applications and technology but also on the impacts any bottlenecks might have on the business,” he says. “This is huge for us.”
By using New Relics Synthetics, for example, the company can monitor its sites throughout Latin America from the users’ perspective—seeing response times and availability during every minute of every day. This is enormously helpful for maintaining service-level agreements (SLAs), says Cotting, because New Relic provides Netshoes Group with monthly reports showing the status of all its web pages. “That means that each month, we can compare the reports and see if we’ve increased or decreased our response times or improved our availability,” he says. “This is one of our favorite New Relic features because it ensures that we have representative figures on how our website is performing and real indicators of areas we need to work on.”
Relatively new to Netshoes Group’s New Relic product mix—but gaining traction fast—is Insights. Through the use of Insights dashboards, the company can combine real-time data on user consumption (such as which pages are getting the most hits, what campaigns are generating the most sales, and how products are performing regionally) with infrastructure technology information. “This is incredibly powerful stuff,” says Cotting, “because we can now link IT with marketing, providing up-to-the-minute results about how our customers are shopping in our store—information that our marketing and e-commerce folks can use to close deals.” Best of all, the easy visual representation of the information in the New Relic dashboards means that it’s accessible to all—not just the self-admitted “data nerds” in the IT department.
“Every minute that our site is slow or we’re unable to deliver value to the consumer, we lose revenue and fail to achieve our primary goal—the sale of products. New Relic helps our team save an enormous amount of time and energy diagnosing problems and monitoring our technology.”
Eduardo Berti IT Infrastructure Manager, Netshoes Group
Constant monitoring for constantly improved operations
The longer Netshoes Group employs New Relic, the more benefits it continues to discover. Chief among them, however, is the time savings it affords for both customers and employees. Explains Berti, “Every minute that our site is slow or we’re unable to deliver value to the consumer, we lose revenue and fail to achieve our primary goal—the sale of products. New Relic helps our team save an enormous amount of time and energy diagnosing problems and monitoring our technology. And that, in turn, ensures that our customers’ dealings with our site are fast and effective.”
So just how much time does New Relic save Netshoes Group technicians? Both Cotting and Paiva put that number at 30%. What’s more, swift identification and resolution of problems mean that downtime all but disappears and availability approaches 100%. Says Cotting, “If for some reason our website starts to crash, we can immediately see the problem in New Relic as well as what’s causing it. This means that we can turn off a feature or go back and change or add more instances to the website, and in that way guarantee that the site will be available.”
The Result: increased agility, better decision-making, and improved customer service. Says Paiva, “I manage and oversee both the corporate pillar and the e-commerce pillar, and New Relic is key in helping me meet the needs of both. With New Relic providing visibility into the environment as a whole, I can be more assertive when a situation needs to be fixed as well as when business decisions need to be made. In the end, it’s our customers who benefit the most, and that’s exactly how it should be.”
Going forward, Netshoes Group plans to continue making full use of the New Relic toolset—especially Insights, which the company has just begun to scratch the surface of through its recent trial. Says Paiva, “With Insights, we see the potential for using New Relic to add value to the entire business chain—combining technological insights with real insight into user behavior so that our marketers and business leaders can make better decisions.”


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As if you needed proof of China's rapidly growing importance on a global scale here's some more.
Read This Article
Infiniti has been busy over the past few weeks.
You can add another vehicle to the list of what Infiniti will be unveiling at this year's Los Angeles Auto Show.
The National Highway Traffic Safety Administration is opening an investigation on the 2013 Infiniti JX35 crossover after receiving two complaints of the vehicle unexpectedly braking on its own.


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Nakheel Malls brings zombie-themed fantasy land to Deira Islands
Nakheel Malls, the retail arm of master developer Nakheel, has teamed up with Sharjah Golf & Shooting Club to create a giant, zombie-themed entertainment zone, featuring more than 12 activities and attractions, at The Night Market at Deira Islands.
Zombie Apocalypse Park (ZAP) – the first of its kind in the UAE – boasts a thriller of a line-up of live acts, games, battles and events, powered by glow-in-the-dark technology. Activities include paintball games, escape games, VR 9D cinema, haunted house, axe throw, archery, haunted corn maze, air soft battle games, laser tag, trampolines, target shooting, zombie apocalypse attack and zombie runs.
The ZAP collaboration was cemented on Thursday (27 June) at a signing ceremony led by Nakheel CEO, Sanjay Manchanda and Joseph Estephan, General Manager, Sharjah Golf & Shooting Club.
Set to open in mid-2020, the 65,000 sq ft fantasy land also has its own car park, zombie-themed cafe, party room for private events and ZAP activities shop.
Omar Khoory, Managing Director of Nakheel Malls, said: “We are committed to creating unique, unforgettable experiences, attractions and facilities at our existing and upcoming retail developments. The Zombie Apocalypse Park will be a huge draw at The Night Market, attracting tourists, businesses and schools for team-building events and families and individuals for a new kind of entertainment. We are delighted to partner with Sharjah Golf & Shooting Club for this exciting new venture at our latest retail project.”
Joseph Estephan, General Manager, Sharjah Golf & Shooting Club, added: “Sharjah Golf & Shooting Club aspires to be recognised as the leader in providing high quality facilities in sports, recreation and hospitality, delivering diversified, innovative and unforgettable experiences for individuals, families and companies. With this collaboration, we are expanding our reach to provide a phenomenal entertainment experience at The Night Market, and are honoured to be partnering up with Nakheel Malls.”
Under the auspices of His Highness Dr. Sheikh Sultan Bin Mohammed Al Qassimi, Ruler of Sharjah, the Sharjah Golf & Shooting Club, the only mixed club in the emirate, opened in November 2005. Since its inception, the unique facility has added countless amenities, inspired by its Chairman, HE Sheikh. Abdullah Bin Mohammed Al Thani and Managing Director, HE Sheikh Mohammed Bin Abdullah Al Thani. The Club houses a championship nine hole floodlit golf course and academy, indoor and outdoor paintball parks and shooting ranges and a diverse range of other sporting and leisure facilities.
The Night Market, one of a range of Nakheel retail, leisure and hospitality projects at Deira Islands, will be the world’s largest night market, with over 5,000 waterfront shops, restaurants, cafes and attractions, and more than 3,000 parking spaces. Construction is complete, with landscaping, water features and other finishing touches in progress.
Nakheel is one of the world’s leading developers and a major contributor to realising the vision of Dubai for the 21st century: to create a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.


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DJI’s Black Friday sale is quickly coming up which means deals will soon arrive on DJI’s cutting-edge drones, cameras and accessories. Although we still a little bit of time left to go, you can already start planning for the event. Be sure to take a moment to view last year’s ad and offer details posted below to get an idea of the type of specials that they typically run (generally, you can expect savings of up to 30% off select drones and videography products).
Remember, if you join our newsletter, you’ll be notified the moment their Black Friday ad for 2023 is posted right here on Blacker Friday (you can opt-in and out of our mailing list at any time). See you again soon!
Last Year’s Black Friday Ad
Updated on Tuesday November 22, 2022: DJI’d Black Friday offers are now live at dji.com. You can see the featured drones on sale posted in the ad below. Just be mindful of the offer expiration dates as they will vary by item. Happy bargain hunting!
What new drone are you planning on on getting this upcoming Thanksgiving weekend? Maybe you’re also considering some other brands? Let us know in the comments below.


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T-Mobile last month made clear their desire to acquire Apple’s almighty iPhone, but that, “Ultimately, it is Apple’s decision… We’ve expressed our interest.” “But the company has other great phones,” Sherrard also said in the statement.
Well, their optimism can only last for so long. A new report from Business Journal suggests Magenta is becoming increasingly concerned about the matter, and that T-Mobile executives are warning the company may find it difficult to retain customers who opt to leave for an iPhone-carrying competitor.
Now that Sprint has bet the bank on the iPhone, T-Mobile is the only of the nation’s four largest carriers left not selling Apple’s smartphone. This, T-Mobile admitted, could make for a very unpleasant fourth quarter. Many expected AT&T’s proposed acquisition of the Deutsche Telekom owned company to rectify the issue, but the U.S. Justice Department and others have rallied to block the deal.
During Q3 this year, T-Mobile saw a dip in revenue – $4.67 billion, down from $4.71 billion last year – while operating income was up year over year, so things aren’t deplorably bad.
T-Mobile USA CEO Philipp Humm said that operating income has improved due to the company’s, “Continued focus on making smartphones affordable to all Americans through our unlimited Value plans, improvements to our 4G network, and an expanding portfolio of 4G devices. However, Humm said that postpay churn will, “Continue to be an area of concern.”
T-Mobile is still holding out hope that the merger with AT&T will still go through in the first half of next year, meaning the company would finally get an unmistakably large missing phone for their lineup. If no deal goes through, and T-Mobile continues to go on without offering the iPhone, they’ll need to make some big moves to keep consumers onboard. The fourth quarter is shaping up to be a very telling few months.
Have you left T-Mobile for an iPhone?


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- BC Games
New distribution warehouse opens in Tilbury
Toys‘R’Us Canada along with SCI Logistics has opened a new distribution centre in Tilbury Industrial Park in Delta.
Officials say the 180,000 sq. ft. facility has been strategically positioned to receive goods from overseas and domestic manufacturers who will now be able to ship directly to B.C. for distribution to local stores.
SCI has outfitted the new facility to include cross-docking, transload, order fulfillment and store replenishment capabilities, with the use of a fully automated sortation system designed to support the large seasonal swings of the retail business.
The new facility is Toys‘R’Us Canada’s third distribution centre. Officials say work on the new centre ramped up in the summer to ensure it would be ready to meet the demands of the holiday shopping season.


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Coinbase Wants to Own ‘BUIDL’ Trademark, Filing Reveals
A filing with the U.S. Patent and Trademark Office reveals that crypto exchange Coinbase wants to own the term "BUIDL."
O(1) Labs-led lightweight blockchain Coda Protocol said it is relaunching as “Mina” following a settlement in a trademark dispute with software maker R3.
Blockchain Capital alleges the similarly named Blockchain Capital Management is infringing on its trademark.
The court's decision was based partly on the fact Zamfir took too long to file for an injunction.
Someone in South Korea appears to be trying to take advantage of Samsung's blockchain efforts by nabbing the "Samsung Coin" trademark.
Coinbase has withdrawn its trademark application for "BUIDL," a popular term used by some segments of the cryptocurrency community.


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11 Sept 2006
First move to tap Eastern European Markets
Style Hong Kong in Budapest Expo opens today
|TDC brought the style and elegance of Hong Kong to Central & Eastern Europe. Renowned Hong Kong models Eunis Chan, Kathy Chow, Ana R and Vanessa Yeung parade the latest Hong Kong fashions at the landmark, Chain Bridge in Budapest.|
|Accompanied by Mr Fred Lam, State Secretary of the Ministry for Economy and Transport of Hungary, Mr. Abel Garamhegyi and Miss Hong Kong 2006 & Miss International Goodwill Ms Aimee Chan toured around at the fair ground.|
Hong Kong Trade Development Council (TDC) organises its first large-scale solo exhibition in Hungary this week to present the best of Hong Kong style, products and business opportunities to Central and Eastern European buyers.
Bringing together thousands of innovative products from over 100 Hong Kong companies, Style Hong Kong in Budapest Exposition is being held at the Budapest Congress and World Trade Centre from September 11-13.
Countries in Central and Eastern Europe are opening up their markets to attract foreign investment. Eight countries including Hungary, Poland and the Czech Republic have become members of the European Union since May 2004. Last year, Hong Kong's exports to Hungary amounted to HK$7.74 billion, representing a 28% growth over 2004.
Speaking at the opening ceremony earlier today (September 11), TDC Council Member Mr. Jeffrey Lam said Hong Kong and Hungary have long been close business partners. "In the whole of Central and Eastern Europe, Hungary has been the largest market for Hong Kong's products, and we are keen to ensure this relationship remains strong in the years to come."
The fair aims at extending Hong Kong companies' reach to the market, generating greater awareness of Hong Kong's branded products and reinforcing Hong Kong's image as an international business platform and Asia's sourcing centre.
Many of the exhibitors, who would like to diversify their business into the emerging markets, are new to the Central and Eastern European market.
A kaleidoscope of products including electronics and electrical appliances, gifts and houseware, fashion garments and accessories, and fashion jewellery will be on display. Logistics service-providers from Hong Kong are also exhibiting at the show to meet local partners.
Mr. Lam added: "Today's show is a proud first, and we look forward to repeating this in the coming years. Hong Kong wants to reach deep into this region, and we are excited to start in Budapest."
Mr. Lam said many Hong Kong companies are launching their own brands. "Through this show, we hope to raise awareness about Hong Kong's distinguished standing as the representative of world-class style and the trendsetter of Asia," he added.
Industrial products have been the major trading items between Hungary and Hong Kong. However, with the increasing spending power of Hungarian consumers, there is stronger demand for a wide range of value-for-money products including consumer electronics and small electrical appliances as well as imitation jewellery, watches, educational toys and fashionable clothing.
In addition, more distribution channels such as large-scale shopping malls and themed retail chain stores have been set up in Budapest, offering new opportunities for Hong Kong products to reach the end buyers in the capital city.
Also officiating at the opening ceremony of the event were State Secretary of the Ministry for Economy and Transport of Hungary, Mr. Abel Garamhegy, TDC Executive Director Mr. Fred Lam and Miss Hong Kong 2006 & Miss International Goodwill - Ms Aimee Chan.
Mr Abel Garamhegyi said that he had visited Hong Kong a few years ago when business relation between Hong Kong and Hungary had yet took off.
"This year, the number of exporters in Hungary has increased by 70%, which paves the way for closer trade relation between the two places in the future," said Mr Garamhegyi.
In addition, a Hong Kong Delights gala dinner will bring a real flavour of Hong Kong to Budapest later tonight. The cream of the region's business sector will be immersed in a world of innovation and creativity through Hong Kong-made delicacies, music and parades.
Led by TDC Executive Director Mr Fred Lam and Council Member Mr. Jeffrey Lam, a Hong Kong business delegation comprising of eight companies from different sectors will depart Budapest for Prague tomorrow to host a "Czech Republic -Hong Kong" business seminar and explore the areas of cooperation in the two cities.
Apart from meeting the Deputy Minister of Ministry of Industry and Trade of the Czech, Mr. Martin Tlapa, the group will also visit major distribution channels in the city such as shopping malls and themed chain stores.
Mission members include Vice Chairman of Blue Box Holdings Ltd Mr. C.K.Yeung, Chairman of Crown Worldwide Holdings Ltd Mr. James E. Thompson, Managing Director of Fenix Hong Kong Ltd Mr. Anthony Keung, Director of Kantone Holdings Ltd Ms Shirley Ha, Manging Director of Meadville Technologies Group Ltd Mr. Tom Tang, Managing Director of RC2 (H.K.) Ltd Ms Helena Lo, Managing partner of S.G. FAFALEN & Co, Mr. Serge G. Fafalen, and Executive Director of the Hong Kong Exporters' Association Ms Shirley So.
Related Press Release: http://www.tdctrade.com/tdcnews/0609/06090401.htm
Media Enquiries (Hong Kong)
TDC Senior Communication Manager
Tel: 2584 4510
TDC Assistant Communication Manager


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A manhunt is under way after police found a "substantial cannabis factory" of 500 plants at a former charity shop in Neath.
South Wales Police were first called to the Local Pet Aid premises in Queen Street in the town centre on Thursday.
Officers have spent the weekend clearing out several hundred plants and investigations are continuing.
A South Wales Police spokesman told the South Wales Evening Post they were trying to track down the occupants of the property.
He said: "A cannabis factory has been discovered at the location of the charity shop, the Local Pet Aid in Neath .
"Several hundred cannabis plants have been discovered, it's quite substantial.
"Police have been investigating since August 4. No persons have been arrested at this time.
"Police are still carrying out inquiries and are appealing for information to try and trace the occupants."
"Officers are still at the location carrying out their investigation."
Anyone with information about the cannabis factory are being asked to get in touch with the police on 101 quoting the incident number 1600295110.


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Cary, N.C. – MaxPoint, a provider of hyperlocally targeted
advertising services, on Tuesday announced it has closed an $8 million second
round of funding, led by Madrona Venture Group.
Previous backers Trinity Ventures
Founded in 2007, Cary, N.C.-based MaxPoint offers real-time,
neighborhood-level targeting for online advertisers.
The company, which also
has offices in New York and Austin, will use the new funds to accelerate


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Western Union has renewed its money transfer agreement with Filipino lender Producers Savings Bank (Producers Bank).
Through this extended collaboration, Filipinos will have continued access to remittance services at Producers Bank’s 250 retail locations across the country.
As a result, they will be able to send and receive payments to and from family members living abroad.
Producers Bank president and CEO Andres Cornejo said: “Western Union is truly a global company with an extensive network worldwide, and together we have a clear, shared vision of what we collectively hope to accomplish – and that is connecting families and improving lives in the Philippines.
“Also, via our network in the Philippines, we are excited to continue to reach out to farmers and SMEs even in the most remote locations and provide them with access to convenient money transfer services.”
In the Philippines, Western Union has been offering remittances to consumers since 1990.
Currently, the money transfer services are provided through its Agent locations in the country.
Customers can use the Agent locator link on its website to find a nearby agent location.
Western Union Malaysia, Brunei, Indochina and the Philippines head of network Jeffrey Navarro said: “We are excited to continue to foster a strong relationship with Producers Bank, enabling us to connect communities in the country to their loved ones across the globe.
“Moving money to urban, remote and rural settings with convenience is a top priority for Western Union.”
Last month, Western Union partnered with Cebuana Lhuillier, a micro-financial service provider in the Philippines.
Western Union recently also inked a remittance agreement with Philippines’ TrueMoney.


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Tax practitioners favour move to simplify VAT rules for foreign e-commerce
29 April 2016
Posted by: Author: Amanda Visser
Author: Amanda Visser (BDlive)
Tax professionals support proposed steps to ease the administrative burden of international companies supplying electronic services in SA.
The South African Revenue Service (SARS) recently published a draft binding ruling setting out the circumstances under which foreign e-commerce suppliers did not have to register or account for value-added tax (VAT) in SA.
Legislative changes about two years ago made it compulsory for foreign e-commerce suppliers of electronic books, music or other services to register for VAT locally when their supplies exceeded R50,000.
Concerns have been raised in the past about the administrative burden placed on foreign entities to register and account for VAT in SA, even if they have no presence in the country.
SARS has now issued a draft ruling saying electronic services suppliers are no longer required to register for VAT if they supply electronic services only through an intermediary platform.
An intermediary is someone who facilitates the supply of the electronic services offered by the foreign company and is responsible for the issuing of invoices and collecting of payments.
The foreign entity will not be required to register if the intermediary is already registered for VAT, and has entered into an agreement with the supplier that it will account for VAT and that it will pay the VAT to SARS.
However, if the services are not supplied through a registered intermediary, the foreign company will still be obliged to register and account for VAT on all supplies exceeding R50,000.
This low threshold has not been adjusted, despite earlier concern that it affected several "business-to-business" transactions that could "unduly" affect very small service suppliers.
An example of this is where a business that imports software for its own use triggers a VAT registration for its foreign supplier if the amount exceeds R50,000.
SARS says the draft ruling will apply from April 1 2015 until it is withdrawn or amended.
The South African Institute of Tax Professionals (SAIT) says in its submission on the draft ruling that it effectively creates a simple trade-off.
"The foreign e-commerce provider can effectively avoid the direct registration requirement, but on the other hand the South African intermediary must assume reporting and the cash-flow burden of the in and out business-to-business service charge."
SAIT proposed a further simplification in cases where a foreign company provides electronic services to its South African subsidiary, suggesting that there should be no need to engage an intermediary.
"The foreign parent company should be relieved of local registration if the South African subsidiary simply agrees to fully account for these services by way of a reverse-charge mechanism," says SAIT.
Under this mechanism, the South African subsidiary would pay the VAT on imported e-commerce services, and subsequently claim the VAT back through the VAT refund system for business-to-business transactions.
The temporary payment to SARS will effectively act as a substitute to foreign registration, and offers SARS administrative control.
This mechanism may operate as a better enforcement instrument for perceived concerns in cross-border business-to-business electronic commerce than the "unwieldy forced foreign registration" procedure.
This article first appeared on bdlive.co.za.


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Yantai, China – Linglong Tire is to set up three fully-owned subsidiaries and a joint venture, according to its filings on 24 Feb.
Two of the three subsidiaries will be set up in Yantai, Shandong, where the company is headquartered. One will specialise in rubber and tire research with €29 million (200 million yuan) registered capital, and the other on scrap tire and rubber recycling with €2.9 million registered capital.
The third subsidiary, located in Beijing, will be a 'sports culture development' company with €7.3 million registered capital. It will focus on the manufacture and sales of sports products, the construction of sports facilities, the operation and promotion of sports events and investment in sports clubs.


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The Hackettstown, N.J.-based company, which is part of the Mars Wrigley Confectionery portfolio, announced the launch of its new Refreshers gum line.
"For almost 40 years, Extra Gum has been committed to providing long-lasting flavor that gum chewers crave. Given how fast soft chew is growing, and with Extra as the No. 1 gum brand in the U.S., this new innovation is poised to become one of the most popular items in the confections aisle and a key driver for category growth," Justin Hollyn-Taub, marketing director at Extra Gum Brand, Mars Wrigley Confectionery U.S., said. "Consumers who have tried the new gum love it, and we are excited for it to hit shelves nationwide this April."
Extra Refreshers currently can be found on Walmart shelves and will roll out to additional locations nationwide in late April. The gum comes in a 40-count bottle that retails for $3.49 and a 120-count stand-up pouch for $7.69.
"When we set out to develop a new line of Extra Gum, we wanted to create a totally new gum experience. So, we went to work examining how to deliver a new refreshing experience for both your mouth and mind. Feedback so far has been outstanding," Hollyn-Taub said. "Those who tried it reported Extra Refreshers gum gave them an intense burst of flavor that left them feeling instantly revived."


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India ready to facilitate for fertilizers import, Ambassador says
Kathmandu: The Government of India has agreed to support Nepal to import chemical fertilizers from Bangladesh.
At a meeting with Minister for Agriculture and Livestock Development Ghanshyam Bhusal this afternoon, Indian Ambassador to Nepal Vinay Mohan Kwatra pledged supports from Indian side to this end. He said that Government of India was ready to extend all possible support to bring 50,000 metric tonnes of urea that Nepal is borrowing from Bangladesh.
The Indian envoy further said that India was always ready for regular and long-term supply of chemical fertilizer in Nepal. Ministry’s Spokesperson Dr Hari Bahadur KC said that the issues of bilateral relations, quality control of foodstuffs and effectiveness of customs quarantines were discussed at the meeting.
Meanwhile, the Ministry has given the responsibility to import chemical fertilizer to Agricultural Inputs Company Limited. After getting an approval from the Ministry, the Company has issued a tender notice on Saturday giving seven-day period to the interested firms.


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Blog: British kids are a bunch of turnips
Dean Best | 1 August 2008
It's official. We're all eating more fruit and veg.
The latest stats from the research boffins at Datamonitor show fruit and veg consumption is up in the UK as consumers look to eat more healthily.
You know what they say about stats but, come on, it must be true. I myself even bought a bag of clementines last weekend from Morrisons. (The girl behind the checkout almost collapsed in shock).
However, what they say about stats is true because, no sooner had we praised our fellow Britons for eating healthily, than another study breezed across the just-food news desk with some shocking findings about the nation's children. And no, it doesn't involve knives.
According to restaurant chain Tootsies, the level of knowledge among kids about fruit and veg... well, let's just say a school report would say: “Must do better”.
Tootsies interviewed 200 children between the ages of 11 and 13 and their ability to pick out some of the most common items of fruit and veg was pretty woeful.
The study claimed that over a third of kids could not identify a bunch of celery.
Worse still, more than one in five didn't know what a potato looks like, Tootsies said.
Good to see the future health of the nation is in good hands...
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Unilever buys US condiments maker Sir Kensington's
- Nestle organic growth slows but beats expectations
- Ice cream helps Unilever sales, food flat
- Suntory to offload Australia, New Zealand foods
- Dairy dampens Danone in Q1


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We have splendid news for all kink lovers out there!
With www.mydirtiestfantasy.com, a brand new and fucking hot new clubsite has launched this week; which means that you can now head there and enjoy some of the hottest, wildest, kinkiest filth currently available on the internet.
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There’s gonna be updates every week, including a brand new scene that has just launched today – stills of which we’re featuring today.
It’s a definite must-see for anyone who likes watching twinks getting fisted, pissed on, locked in cages – and generally treated like shit. So if that floats your boat, head there this weekend to take advantage of their opening offer to enjoy the outlandish delights of this top notch XXX site!


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Just over two decades ago, Jeff Bezos started selling books online from his garage. Today, the Amazon CEO surpassed Bill Gates as the richest person on Earth, for a few hours at least.
Bezos’s net worth topped $90 billion on Thursday morning, allowing the Amazon founder and CEO to dethrone Gates, the co-founder of Microsoft, as the richest man in the world, according to Forbes and Bloomberg. However, an afternoon dip in Amazon’s stock price caused Bezos to slip back behind Gates, who has been No. 1 since 2013 on the Bloomberg Billionaires Index. Bezos finished the day worth $88.8 billion, just behind the $89.8 billion for Gates.
Jeff’s world’s-richest-man milestone was made possible because of Amazon’s surging stock price. The e-commerce giant’s market value surpassed $500 billion this week for the first time ever.
The vast majority of the Bezos fortune is tied up in Amazon stock, of which the CEO owns nearly 17%. That stake alone is worth $83 billion, meaning Bezos could just as quickly lose his new title as the world’s richest man should Amazon’s stock decline, or Microsoft’s value rise.
In recent years, Bezos’s fortune has whizzed past that of legendary investor Warren Buffett, Spanish retail magnate Amancio Ortega and Mexican tycoon Carlos Slim. Bezos added more than $24 billion in net worth since January 2017, according to Bloomberg.


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The value of bilateral trade between Myanmar and China reached USD $ 12 billion in the past 2019 – 2020 financial year18 Nov 2020
The value of Myanmar’s trade with China through the maritime trade route and land border topped $12 billion in the past financial year 2019-2020, the Ministry of Commerce’s trade data showed.
The MoC reported that imports surpassed exports in trade with China, with exports reaching over $5.4 billion and imports valued at over $6.7 billion during the last FY. Myanmar trade deficit in goods with China was estimated at over $1.3 billion, the data released by the Ministry of Commerce indicated.
This year, China has been stepping up border control measures to contain the spread of the COVID-19, causing traffic congestion in the border areas of two sides.
Between the 2016-2017FY and the 2019-2020FY, China has been Myanmar’s largest trade partner beyond the regional states.
The value of Myanmar’s bilateral trade with neighbouring country China through maritime trade and border trade was estimated at US$47.183 billion in the incumbent government period, the statistics issued by the Central Statistical Organization under the Ministry of Planning, Finance and Industry indicated.
Rice, various types of peas, sesame seeds, corn, fruits and vegetables, dried tea leaves, fishery products, rubber, gem and animal products are primarily exported to China. In contrast, machinery, plastic raw materials, CMP raw materials, consumer products and electronic tools flow into Myanmar.
Myanmar mainly exports agricultural products to China through the border trade, which is often halted, on account of China clamping down on illegal goods. Myanmar merchants are facing difficulties in exporting goods to China through the legitimate channel as they find the tax levied by China is too high.
In a bid to lower trade barriers and offer relief to Myanmar traders through the border trade channel, the Ministry of Commerce, the relevant departments and Union of Myanmar Federation of Chambers of Commerce and Industry have been negotiating with China counterparts. Illegal trade is highly witnessed between Myanmar and China borders in the previous years. This year, traders sent the goods via legitimate trade route, and trading volume sharply fell”, said an official of Myanmar Rice Federation.
The two countries are making efforts to set up more border economic cooperation zones and promote border trade. Myanmar’s Ministry of Commerce is trying to boost exports of rice, broken rice, agro-products, fruits and fisheries to China through diplomatic negotiations.
Myanmar is carrying out border trade with the neighbouring country China through Muse, Lweje, Chinshwehaw, Kampaiti and Kengtung land border posts.
Apart from its leading trade partner China, Myanmar’s external trade was mostly carried out with the regional trade partners. Trade with countries in the European Union, however, remained uncompetitive, compared with regional trade partners. — Ko Htet (Translated by Ei Myat Mon)
(The Global New Light of Myanmar: https://www.gnlm.com.mm/