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Driven by global expertise and consumer centricity, Huawei India to aim for rapid growth by focusing on sectors like Government, BFSI, Energy, Infrastructure, ISP and Smart Cities in India
Huawei to focus on its “platform + ecosystem” strategy to expand its channel partner network in India
[Mumbai, April 19, 2017]: In line with its global “platform + ecosystem” strategy, Huawei Enterprise Business Group (BG) India today announced its partnership with Redington India to distribute and market Huawei enterprise products and services in the country. Driven by strong business momentum globally, Huawei Enterprise BG India aims to create maximum value for Indian enterprises with its innovative ICT solutions and services backed by a strong ecosystem.
As part of this partnership, Redington will support Huawei in developing resellers to market and promote products and/or services products in areas of Server, Storage, Data Center and Cloud Computing to Huawei enterprise customers in India. As part of the partnership, Redington will provide post sales maintenance services and also be responsible for channel partner development and technical training of channel partners.
Speaking on the occasion, Mr. Derek Hao, President, Enterprise Business Group, Huawei India said, “ICT is becoming an engine for the transformation and upgrading of traditional industries and in such times, the enterprise systems become business functions rather than support functions. Huawei Enterprise BG can strategically propel the development of a digital and intelligent society, and be an enabler and the best partner of digital transformation for industries. The Huawei EBG India is well positioned to substantially contribute to Government of India’s landmark initiatives like Digital India and smart cities. Our enterprise products and solutions will drive to create a smart and digital society and lead to digital transformation of industries. The partnership with Redington will help Huawei to increase its channel partner network to market and service our enterprise customers in diverse geographies across India.”
Commenting on the partnership, Johnson George, Senior General Manager & Head Strategic Business Unit, Redington India Ltd said, “We are extremely pleased to sign up with Huawei, who have some great enterprise class products which complements our offering to channels. With Huawei, we now have the ability, to reach out pan India and will be in a position to take advantage of their vast product portfolio. We look forward to the partnership and help promote Huawei to channels across India’’.
Huawei enterprise business has grown exponentially across the globe and achieved 47.3% year-on-year growth in 2016. Under its global “platform+ ecosystem” strategy, Huawei Enterprise BG aims to create an open, resilient, secure, and flexible platform of ICT infrastructure by continuously investing in new technologies such as cloud computing, the Internet of Things (IoT), Big Data, mobile broadband and artificial intelligence. Huawei is also focusing on creating a collaborative ecosystem for mutual benefits, and work with partners to help customers achieve successful digital transformation of industries and government to develop next level digital infrastructure.
Huawei Enterprise BG has increasingly gained recognition from customers and partners, with 43 enterprises of Fortune 100 choosing Huawei as their partner for digital transformation. In 2016, Huawei Enterprise BG has achieved rapid growth in vertical industries. Huawei’s Smart City solution has been successfully deployed in more than 100 cities in over 40 countries. In the finance sector, Huawei served more than 300 financial institutions across the globe, including six of the world’s top 10 banks. In the energy industry, Huawei became the only ICT solutions provider among the members of the Global Energy Interconnection Development and Cooperation Organization (GEIDCO) and Huawei’s Better-Connected Grid Solution has served over 170 electric power companies in 65 countries across the world. In transportation, Huawei cooperated with more than 60 industry partners to serve railways and highways with a total track length of 220,000+ km and more than 15 airports with annual throughput higher than 30 million passengers. In manufacturing, Huawei worked with KUKA and ABB to promote industrial upgrading to achieve intelligent manufacturing. By the end of 2016, Huawei Enterprise BG had more than 12,000 global channel partners, over 2,000 service partners, and beyond 400 solution partners.


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(Associated Press) A boy in Costa Rica wears a mask. The country’s largest surgical mask maker has seen its sales double in the past week as swine flu fears continue spreading. They’ve only doubled? Either a whole lot of weirdos already have stockpiled their surgical masks, or people aren’t that worried about turning into a […] [Read More]

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Corenet Global’s Atlanta summit was a great success for Qube Global Software. The 2000+ attendees included many senior real estate professionals from US and global corporations. There was a significant level of interest in our Horizon software for corporate real estate and the new Qube Global Software brand, which we publicized for the first time in the US at this event.
Our team at the event were able to introduce our new brand to a range of new contacts as well as many of our customers who all responded with praise for the brand and the changes we have made to the company. John Cuppello commented “We were delighted by the response throughout the event and noticed a significant increase in the level of interest compared to previous Corenet events”


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Seoul: China’s Alibaba Group plans to invest $1.1 billion in South Korea over the next three years, as it seeks to build a logistics centre and expand businesses.
As part of the investment plan, the Chinese e-commerce giant plans to spend $200 million this year to build the logistics center, according to a business strategy document of Alibaba, obtained by Yonhap News Agency.
Alibaba also plans to spend $100 million to help small and midsized South Korean firms sell their products overseas, the document showed.
AliExpress, an e-commerce platform of Alibaba, has been under scrutiny in South Korea over growing consumer complaints.
Alibaba said it will invest some 100 billion won to help bolster consumer protection in South Korea.
Earlier this month, South Korea’s antitrust regulator launched an on-site inspection into AliExpress on suspicion of the e-commerce platform’s violation of consumer protection duties.
The inspection was part of the regulator’s investigation into whether the company has fulfilled due responsibilities to protect consumers in accordance with the country’s e-commerce law and relevant regulations.
The move came as the number of complaints filed against AliExpress and submitted to the Consumers Union of Korea rose sharply to 465 cases last year from the previous year’s 93.
The complaints dealt with misdeliveries, issues surrounding order cancellations and the lack of information on deliveries, among other things.
The number of AliExpress users in South Korea more than doubled to 7.18 million in February from 3.36 million in 2022, according to government data.


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March 16, 2011 Leave a comment
Great news for fans of Eric Chahi’s classic platform adventure Another World – or Out Of This World if you’re a yank – as the title has been announced for a iOS release later this year. The game was originally released in 1991 and has previous been ported to over a dozen systems including the SNES, Commodore 64, Mega Drive, Atari ST and for mobile phones, although this is yet another great excuse to catch up on Lester Knight Chaykin and his adventures in, well, another world. As games for the iPhone and iPad has a tendency to control less than perfect when it attempts to emulate retro controls it might not be the ultimate conversion but the story and the timeless graphics should be enough to take the plunge into Chahi’s masterpiece once more.
Dare I say it is… out of this world?


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Proximity ID technologies hackathon focused on RFID, NFC and BLE mash-ups to be featured in Start Up Pavilion
September 30, 2015, Dallas, Texas — TrackHack™: The Proximity ID Hackathon, the world’s first and only hackathon focused exclusively on proximity technologies like radio frequency identification (RFID), near field communication (NFC) and Bluetooth Low Energy (BLE) will be exhibiting at NFC Solutions Summit 2015, October 7-8, in Phoenix, Arizona. AccelerateNFC and partner Flomio will be introducing TrackHack in the Start-Up Pavilion in the Exhibit Hall.
As mobile becomes even more pervasive, so does the demand for creative mash-ups of proximity-based technologies which power the Internet of Things (IoT). To address that need, AccelerateNFC and Flomio created TrackHack, which focuses on the cross-over and interconnection among various proximity technologies — RFID, NFC and BLE — used for mobile solutions. It’s the first hackathon of its kind where hackers and developers can access ALL proximity ID technology and do what they do best: create, innovate and disrupt.
According to Robert Sabella, co-founder and CEO of AccelerateNFC, “NFC Solutions Summit’s focus this year is on smart secure mobile payments and non-financial NFC Apps. We felt this was a perfect venue to introduce TrackHack to the NFC community. TrackHack: The Proximity ID Hackathon, focuses on solutions addressing security, marketing and advertising, social interactions, gaming, mobile payments, as well as track and trace.” Sabella added, “This directly aligns with NFC Solutions Summit’s expanded look at the growing NFC ecosystem.”
NFC Solutions Summit 2015, presented by the Smart Card Alliance in partnership with the NFC Forum, is the leading North American showcase for the burgeoning technology of Near Field Communication. The Summit arrives in Phoenix, Arizona, October 6 – 8 with an in-depth look at recent developments in NFC devices and add-ons, the status of the growing NFC ecosystem, the growing world of NFC-enabled payments, a focus on NFC security and updates on market forecasts.
Randy Vanderhoof, executive director of the Smart Card Alliance noted, “We are happy to have AccelerateNFC and Flomio introduce TrackHack to the NFC community in the Start Up Pavilion at this year’s NFC Solutions Summit. There is a real need for continued awareness and innovation in order to drive NFC adoption, and this program provides real, actionable development to help meet that need.”
Those wishing to attend can register at www.nfcsolutionssummit.com using promo code 50PRC-DISC and save 50 percent off the price of the event, courtesy of AccelerateNFC.
Registration is open for developers for the upcoming TrackHacks, November 20-22, 2015, in London and March 11-13, 2016, in Austin. Participants will compete for cash and prizes and winners will be invited to join the next AccelerateNFC class. Visit www.trackhack.org for more details and to register for this exciting hackathon.
— ABOUT —
About AccelerateNFC (www.acceleratenfc.com) — AccelerateNFC is a technology-specific, idea incubator/seed accelerator for high potential companies in the Proximity ID space. AccelerateNFC focuses on near field communication (NFC) and other proximity ID technologies like radio frequency identification (RFID) and Bluetooth Low Energy (BLE). We bring industry expertise, mentors, resources and funding to those companies who are ready to take their ideas and products to the next level. Up to five selected companies will participate in an intensive 12-week mentoring program designed to provide access to resources normally beyond the reach of start-up or early stage companies.
About NFC Solutions Summit (www.nfcsolutionssummit.com) — The NFC Solutions Summit 2015 is the leading American showcase for the burgeoning technology of Near Field Communication arrives in Phoenix this October with an expanded look at developments in new NFC devices and add-ons, the status of the growing NFC ecosystem, the growing world of NFC-enabled payments and other applications, NFC security and other implementations, and American and international market forecasts. With hundreds of millions of NFC smart phone handsets in place, the market is poised for the introduction of applications and services enabling quick transactions, ticketing, digital content exchange, advertising and marketing services, secure identification, physical and logical access, social networking and communication between electronic devices. The authoritative expertise of the Smart Card Alliance and NFC Forum brings together a broad base of industry players in a conference event that features leaders from every relevant sector for an interactive, instructive forum on the NFC business issues, implementation milestones, and technology advancements.
About Flomio (www.flomio.com) — Disney’s Magic Band™ proximity ID technology revolutionized their theme park business. Companies eager to “Disney-fy” their businesses without their own team of imagineers and billions to invest turn to Flomio, imagineers for the rest of us. Flomio creates proximity ID solutions that help enterprise clients and developers cross the chasm to Internet 3.0, the Internet of Things (IoT). Founded by industry leader Richard Grundy and funded by TechStars, Flomio is fundamentally changing the way people engage with the spaces around them by making the physical digital. Soon, 50 billion devices will regularly connect to the internet. Flomio’s platform empowers enterprise customers and developers to create applications that communicate with these devices. The future is ubiquitous connectivity. The future is Flomio.


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AdTheorent, Inc., a technology company known for its data-driven predictive solutions, is announcing today the closing of a strategic growth investment from H.I.G. Growth Partners.
If you’re not familiar, H.I.G. is the largest private equity investor in the U.S. and Europe focused on the lower end of the middle market and has invested in and managed more than 200 investments worldwide.
All told, the investments continue to follow the company’s impressive growth.
AdTheorent’s intelligence-driven approach to digital advertising and market-leading machine learning capabilities have made AdTheorent a pioneer of a new form of digital advertising — predictive advertising — which leverages immense and disparate pools of data to drive superior user engagement and ROI for advertisers.
AdTheorent’s unique capabilities and demonstrated track record of delivering real value has fueled the company’s rapid year-over-year growth.
“AdTheorent’s growth to date has been exceptional. After ranking 20th on the Deloitte Technology Fast 500 in North America in 2015, the Company continued with 70% year-over-year revenue growth from 2015-2016, a period in which our machine learning platform analyzed 2.1 quadrillion pieces of data for more than 200 new brands,” said Scott Russo, COO of AdTheorent. “We are thrilled to partner with H.I.G. as we continue to invest in the resources and technology that will further fuel our growth and strengthen our market position.”


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It was way back in April 2008 that Intel's Atom processor made its debut, and despite the fact that it's still selling like hotcakes, it's certainly due a refresh.
That refresh will be happening later this year, with an Atom successor going by the codename of Pineview - a chip that literally brings more to the table. The tiny Pineview chip, pictured below, is being shown off at COMPUTEX '09 and is well on its way to becoming a fully-fledged SoC (system on a chip) as it features a CPU, a GPU and a memory controller on a single die. Put that together with Intel's Tiger Point I/O and you've got what it calls the Pine Trail platform - a solution that, depending on performance, could spell trouble for NVIDIA's ION.
Pineview's a 45nm part, and by integrating other components into the chip, Intel reckons it'll reduce overall power draw and increase battery life on systems such as netbooks. Clock speeds for both CPU and GPU remain unknown, but we're led to believe that the first Pineview chip will feature a dual-core CPU.
Just how efficient is the Pine Trail platform? Well, Intel reckons it'll run cool enough to feature in completely passive systems. Here's Intel's Pineview-based demo system running without a single fan:
Intel expects to see the first Pineview-based systems to ship later this year. The netbook/nettop craze is just getting started, it seems.


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Tesla’s future as a mass-market car company hinges on efficient, automated production of the Model 3. Tesla will lose $6,000 for every $35,000 Model 3 it sells, says UBS analyst Colin Langan. It only breaks even if the car sells for over $41,000. Tesla has yet to produce the $35,000 base model of the Model 3.
Tesla did meet the goal of producing more than 5,000 Model 3 vehicles in a week during the third quarter. It made 80,142 vehicles (including 53,239 Model 3’s), beating Wall Street analysts’ expectations. But the company is nowhere near the 500,000 mark Musk promised in 2016. As of the end of Q3, Tesla has produced 167,975 cars this year. To put that in context, Ford makes that many cars approximately every 10 days.
Tesla promised investors that it will achieve positive cash flow and profitability in the second half of 2018. But some investors and analysts are deeply skeptical this will happen. Tesla’s debts are quickly coming due: The company has to pay around $230 million in November, part of a larger $1.3 billion debt bill coming due in March 2019, according to AP.
Faith in the Tesla CEO is being tested like never before. Investors are wary of his social media and legal battles, attitude toward regulators and recreational drug use.
Many employees think Musk is essential to the company’s success. They praise his creativity, sense of humor and inspiring speeches. Some credit his hands-on management style with building a great company. A former Tesla and SpaceX employee, Spencer Gore, who is now the CEO of Impossible Aerospace, explained:
“Elon Musk is in a position most will never experience — trying to deliver an industry-defining product on a limited budget. He can’t afford to make decisions slowly, or even always compassionately. When he involves himself in low-level details it’s to enhance execution speed. For some engineers, this can be frustrating, at times heartbreaking — but Elon’s unconventional style is what built the Tesla we all chose to join.”
But other employees describe how Musk’s management style has increased costs and complexity in the factories.


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Apr 04, 2014
Building on the triumph of her First Class Novels series, Indie Romance Novelist AJ Harmon is trying something innovative in her Sky Romance Novels series available on Amazon Kindle and Nook Book.
Dec 12, 2013
Contemporary romance author, AJ Harmon, has just released the First Class Novels series in a boxed set on Amazon Kindle for immediate digital download to your eBook reader.
Dec 12, 2013
Contemporary romance author, AJ Harmon, dazzles once again with the release of First Class Farewell, the last installment of the First Class Novels Series.
Aug 08, 2013
Author AJ Harmon is giving away FREE Kindle downloads this weekend August 9-11 as a thank you to her fans around the world.
Jul 24, 2013
A Firefighter, one of NYC Bravest, takes center stage in AJ Harmon’s new romance novel
May 31, 2013
First Class Novels a contemporary romance series by author AJ Harmon Now On Nook e-reader.
May 07, 2013
Contemporary romance author AJ Harmon, published her first romance novel on Amazon Kindle in November of 2012. Since then she has released 4 more books in the “First Class Novels” romance series.
Jan 21, 2013
Disenchanted by “50 Shades of Grey” a middle-aged wife and mother of two accepts a bet from a girlfriend and it has changed her life forever. With over 30,000 copies of her books downloaded from Kindle within the first six weeks of being released


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Revenue sharing by the Centre with the states will stay a thorny problem.
The presence of Chinese businesses in India will remain a ticklish matter. Uddalok Bhattachrya sums up
Despite getting half the Centre’s gross revenues in the first quarter of 2020-21, the states are understandably wary. A K Bhattacharya explains
The curious case of Jack Ma’s India plans despite his initial bullishness: His firm Alibaba is present in the country only as an investor rather than being a strategic player, and virtually absent from the anti-Chinese narrative. Nivedita Mookerji gives the perspective
OUR EDITS SAY
India is losing out on exports of cars because of uneven taxation Read here
The new fund should boost farm infrastructure Read here


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A new multi-million dollar anti-carbon tax promotion is nothing but another scare campaign, a leading environmentalist says.
The Australian Trade and Industry Alliance is planning to spend at least $10 million on television, radio, print, the internet and social media advertisements to get its anti-carbon tax message across.
The alliance is made up of organisations including the Australian Chamber of Commerce and Industry, the Minerals Council of Australia, the Australian Food and Grocery Council, the Australian Coal Association, the Plastics and Chemical Industries Association and the Australian Logistics Council, Fairfax has reported.
Climate Institute spokesman John Connor said the public needed to brace itself for the "mother of all scare campaigns" from big local polluters.
"This is a desperate last bid from big companies who want to keep polluting our skies for free," he said in a statement on Friday.
"This group is determined to maintain their scare campaign of misinformation on prices and jobs."


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- Ford is still saying "spring 2021" for the first deliveries of the 2021 Ford Bronco. Well, technically June is still in the spring.
- If you still haven't made a reservation, though, then it's likely that you won't get your new Bronco until some time later in 2022.
- The 2021 Ford Bronco Sport, on the other hand, is still on track to be delivered later this year.
A big part of Ford's massive Bronco revival messaging was that anyone interested in owning one of the upcoming sport-utility vehicles should go plunk down a $100 refundable deposit for either the Bronco or the Bronco Sport.
Ford asked, and people listened. So many, in fact, that getting in line now means an 18-month wait to take delivery.
When the new Bronco was revealed, we suspected initial deliveries were likely to slip a bit, and it appears we were right. Ford originally said the first 2021 Broncos would be delivered in April, according to Ford Authority, but the new date for the two- and four-door models is June.
Ford told Car and Driver that, actually, it's not a delay. "We said first deliveries would start in spring 2021," a spokesperson said. "That's still correct."
If you've put down money for a reservation, or plan to, then you'll be asked to convert that into an actual order for a specific model and trim this December. While reservations are being taken by Ford online, you will have to work with a local dealer to place your actual order. Ford says that whatever dealer you're working with will then give you an "approximate date for the delivery of your Bronco" in early 2021.
The good news for Ford is that enough people have registered that the wait list is growing and Ford is admitting that some reservation holders have a long, long way to go until they get their Bronco. "Reservations have been so popular that some Bronco customers may not receive their Bronco until 2022," the spokesperson said, adding that vehicles intended for customers with reservations will be built ahead of orders for stock units. That means dealerships will not be getting vehicles to sell off the lot for quite a while, so if you want a Bronco, even with the delay, making a reservation remains the best way to queue up.
The timeline for the Ford Bronco Sport models is a little different, with reservations being turned into orders this summer and production starting in late 2020 for first deliveries later this year. That's the plan, at least.


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Philip J. LeBeau is a CNBC auto and airline industry reporter based at the network's Chicago bureau. He is also editor of the Behind the Wheel section on CNBC.com.
LeBeau has reported one-hour documentaries for the network, including "Dreamliner: Inside the World's Most Anticipated Airplane," "Ford: Rebuilding an American Icon" and "Saving General Motors."
Prior to joining CNBC, LeBeau served as a media relations specialist for Van Kampen Funds in Oak Brook Terrace, Ill., and was instrumental in implementing an initiative to communicate the company's mutual fund and investment practices to the public and the press. While at Van Kampen, LeBeau held a Series 6 license.
Previously, he held general assignment reporting positions at KCNC-TV, the CBS affiliate in Denver, and KAKE-TV, the ABC affiliate in Wichita, Kan. LeBeau began his career as a field producer at WCCO-TV in Minneapolis, where he wrote, produced and researched consumer stories. He graduated from the University of Missouri-Columbia School of Journalism with a bachelor's degree in journalism and broadcasting.
Follow Phil LeBeau on Twitter
The comments are blunt. Some would say they are long overdue. But most importantly, they reflect the sobering reality facing Chrysler and it's workers. They've got two weeks to show they want to get a deal done with Fiat or they can roll the dice with bankruptcy.
The video is dramatic. Especially if you've ever asked yourself how the smallest cars on the road would protect you in an accident. According to the latest head-to-head crash tests by the non-profit group Insurance Institute for Highway Safety, people riding in these "micro" cars would be at risk of a serious injury.
You can hear them virtually everywhere. You can call them pessimists, but I prefer the term realists. They are people within GM, the Obama administration, the auto industry, and elsewhere who now see GM filing for bankruptcy as the best move for a company with few good options.
Remember when Ford shares touched $1.01 a few months back and people were speculating about when the troubled automaker was "forced" into bankruptcy? Those days seem like a distant memory.
With members of President Obama's Auto Task Force hitting the ground in Detroit, the re-structuring of General Motors kicks into gear. Monday in Washington may have been all about justifying and selling the government calling the shots at GM, but Tuesday in Detroit is when the president's people get to work. No wonder critics are now saying GM now stands for Government Motors, not General Motors. So what happens next?
General Motors' massive recall of cars has not impacted the automaker's business in China, says President Dan Ammann.
South Korea's Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market.
Toyota Motor aims to double auto sales in China to around 2 million vehicles a year in the future, a senior executive said on Sunday.
Volkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market.
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Elon Musk got rid of a stake of Tesla shares worth a total of $ 6.9 billion last week, the Reuters news agency said. The market value of the electric car maker has shrunk by approximately $ 187 billion. According to the Bloomberg Billionaires Index, Musk’s estimated fortune decreased by $ 8.07 billion, but he still remains the clear leader of the list of the richest people in the world.
On Saturday, November 6 Elon Musk declared on Twitterthat he would sell 10 percent, or approximately 17 million, of Tesla shares he owns if site users support the move. Ultimately, 57.9 percent were in favor of selling the shares. people who took part in the poll created by the billionaire.
Tesla CEO went on to fulfill the commitment last week. The Reuters agency reported that the billionaire has sold 6.36 million shares in recent days, or about 37 percent. from 17 million. The information provided by the US Securities and Exchange Commission shows that last Friday alone, Elon Musk sold 1.2 million shares for over 1.2 billion dollars.
As indicated, it now needs to get rid of about 10 million more shares to fulfill its pledge.
Tesla – quotes
Tesla ended last week’s listing in red. The value of shares fell by 2.83 percent on Friday. to over $ 1,033 a share. Thus, the 11-week series in which Tesla shares gained in value was interrupted.
Electric car manufacturer shares fell 15.4% this week, which translated into a fall in market value of around $ 187 billion, more than the combined market capitalization of Ford Motor and General Motors, for example, the Reuters news agency pointed out.
Since the beginning of the year, the company’s shares have increased by 46.45 percent, and capitalization for the first time in history exceeded $ 1 trillion.
Main photo source: Shutterstock


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Starkey’s new Genesis AI hearing aids have won a 2023 Good Design Award from The Chicago Athenaeum: Museum of Architecture and Design.
This year’s awards competition received a record number of submissions from leading manufacturers across the world, the company says. This Good Design Award marks the tenth product innovation and design award won by Genesis AI since hitting the market.
“Congratulations to the Starkey team for this impressive, international recognition,” says Starkey President and CEO Brandon Sawalich. “Genesis AI not only has outstanding product design, but it’s also the industry’s best performing flagship product on the market. Thanks to the hard work and innovation of our team, Genesis AI continues to be recognized as a cutting-edge product that is turning hearing aids into want-to-wear devices.”
The all-new Starkey Neuro Processor within Genesis AI features advanced processor technology, which mimics the function of the central auditory system through an on-chip Deep Neural Network accelerator. It is not only the smallest processor ever introduced by Starkey, but also the most powerful with six times more transistors. It is also loaded with five times more processor memory in addition to 10 times the amount of system memory.
Further reading: Starkey’s Genesis AI Named CES Innovation Award Honoree
Photo: Starkey‘s Genesis AI Hearing Aid


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South Korea is looking to have its best-ever year when it comes to physical album sales, with the global covid-19 pandemic doing little to stop K-pop lovers from buying millions of albums.
According to South Korea's Gaon Chart, the top 400 South Korean albums sold in the first half of 2020 sold over 18.08 million copies, surpassing last year’s mid year sales of 12.33 by 40%. With the first half of the year already seeing a major boost in album sales, 2020 is expected to be the biggest year ever tracked by Gaon since its inception in 2010.
Of the top 400 albums sold, the top 100 sold a total of 16.89 million copies, all by K-pop acts, typically understood to be idol teams or soloists managed by entertainment companies with a focus on building sizable, oftentimes international, followings. The best-selling album of 2020 so far in South Korea, and the world, is BTS’s February LP Map of the Soul: 7, which Gaon recognized for selling over 4.26 million copies. The next best album was Seventeen’s Heng:garæ EP, which was released in June and has already sold over 1.2 million copies. Seventeen’s company, Pledis Entertainment, recently was invested in by BTS’s label, Big Hit Entertainment.
EXO’s Baekhyun, NCT 127, NCT Dream, TWICE, IZ*ONE, and GOT7 rounded out the Top 10 of Gaon’s album sales for the first half of 2020 with popular releases from each act, with several artists selling over 1 million accumulated album sales with multiple charted releases.
Gaon Chart's chief researcher Kim Jin-woo told the Korea Herald that the majority of the album sales on the Gaon Chart this year reflect international album sales, with overseas K-pop fandoms playing a sizable role in boosting the sales. According to Kim, the increase in sales over last year may directly be correlated to the coronavirus pandemic even as the global music industry suffers: Kim suggests that fans may have opted to buy albums in a show of support for faves versus being able to see them in person at concerts and other live events as they usually would.
K-pop acts have become a rare outlier in the global music industry as artists who are regularly able to see immense physical album sales from their dedicated fanbases. Part traditional album, part collectible merchandise, K-pop album sales are expected to continue to be strong in the second half of 2020 as the South Korean music scene puts out music unhindered by the coronavirus’s impacts, in part due to the country’s success at restricting the spread of the covid-19 virus.
Though the K-pop world typically keeps upcoming release under wraps until only a few weeks before their arrival, the second half of 2020 already has a lot of potential to continue the trend of increasing year-on-year album sales to see the biggest-ever year for South Korean album sales, with things like BLACKPINK’s first LP set to arrive in September while BTS and EXO’s Kai also have upcoming albums in the works.


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Recently, WIRED released an article about an alleged creator of Bitcoin being raided by the police. Briefly, the article mention the following:
Police raid home of bitcoin 'founder' Craig Steven Wright
09 December 15
Police have raided the home of a 44-year-old Australian alleged to be the creator of cryptocurrency bitcoin.
Craig Steven Wright, a tech entrepreneur living in Sydney, was labelled by WIRED US as the mysterious 'founder' of the digital currency -- that has previously only been known under the pseudonym Satoshi Nakamoto.
Since Wright was named as being the potential originator behind bitcoin police have raided his home and office, although the Guardian reports the raids surround tax issues and not the bitcoin revelations specifically.
1) What crimes Satoshi Nakamoto has done in order to be chased by the police? This applies only to Australia or around the globe?
2) Nowadays there are several hundreds of other cryptocurrencies. All those developers are also liable of such punishments?


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An Android Wear replace has begun rolling out, bringing watch-to-watch communication and interactive watch faces to Google-powered smartwatches.
The Android Wear replace will enable customers to ship stats, messages, emojis, doodles and stickers in only a few faucets through the watch face, utilizing the brand new Collectively app.
Interactive watch faces let customers see further data and launch apps proper from the watch face display. After the replace, a single faucet on the watch face can both present climate data, shortly change the model or color of the face, or launch an exercise.
“Carrying a watch helps you to inform time with only a look. Android Wear has expanded this at-a-glance expertise to different helpful data like your subsequent assembly, every day step depend, or messages,” mentioned Flavio Lerda, software program engineer, Android Wear. “As we speak, we’re launching interactive watch faces, making it simpler (and extra enjoyable) to remain linked, proper out of your wrist.
In addition to Collectively, an interactive watch face referred to as Bits is on supply – see video under – in addition to a health targeted one from Below Armour.
Android Wear simply hasn’t stop in 2015 with lots of large new options introduced over the previous few months. That is a pattern we hope to see proceed in wearable tech – no-one has received issues spot on but so there’s lots nonetheless to do.


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DIY, home improvement growth mean hundreds of jobs at Durham-based Spoonflower :: WRAL.com
Durham, N.C. — According to economists, the home décor and remodeling industry continue to surge during the pandemic. A Durham company is seeing the benefits of that firsthand.
Spoonflower, a digital textile manufacturing company, started in a 400-square-foot office space. Since the pandemic (and


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Tag Archives: dessert
Nestle is reported to be seeking a site for new production facilities in western Poland. The multinational already has nine factories in Poland manufacturing various products including breakfast cereals, recipe confectionery, desserts, baby food and mineral water.
According to Polish financial daily Puls Biznesu, this plant would be located somewhere between Kalisz, Wrocław and Poznań.
A court in Germany has ruled that Aldi did not copy the packaging and products from Dr Oetker. The former produced a vanilla and chocolate flavour dessert called Flecki featuring a cow on the packaging which Dr Oetker alleged was copied. In turn, Dr Oetker accused the discount retailer of copying its Paula desert.
The dispute was labelled the ‘pudding [...]
€ Exchange Rates


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If you ask ten people about bitcoin, you're likely to get ten different responses. In September, J.P. Morgan Chase CEO Jamie Dimon referred to bitcoin--the cryptocurrency that skyrocketed from $800 in value in January to $19,000 last month--as a "fraud." Then in October, he doubled down, asserting that anyone who buys bitcoin is "stupid."
But there are many business leaders who believe bitcoin is here to stay. These CEOs offer up their rationale, and the muscle they're putting behind cryptocurrencies.
1. Patrick Bryne, the eccentric founder of Overstock.com, told CNNMoney in Dec. 2017 that he trusts bitcoin over all government-backed currencies. He points to countries like Zimbabwe, where the local currency collapsed, and bitcoin and other digital currencies emerged as an alternative financial system. Byrne is hardly a new believer: In 2014, Overstock became the first major retailer to accept bitcoin payments. Byrne said that one of the Utah-based company's blockchain investments, TZero, which is an alternative trading system, launched a $250 million initial coin offering this week.
2. Ted Livingston, the CEO of Kik, the eight-year-old Canadian company that makes a popular teen chat app, announced last summer that the company was building a financial ecosystem inside the Kik app. Instead of U.S. or Canadian dollars, Kik decided to make its own digital currency called "Kin" and raised $100 million by selling Kin during an initial coin offering in September 2017.
3. Abigail Johnson, the CEO of Fidelity Investments, is one of the few leaders in the traditional financial and banking space to champion bitcoin. In a May 2017 speech, she said that blockchain technology could "fundamentally change market structures and perhaps even the architecture of the internet itself." Johnson also explained that Fidelity started exploring bitcoin three years ago, setting up bitcoin and ethereum mining operations in the firm's R&D lab. Fidelity will enable account holders to integrate their bitcoin assets held through Coinbase--the popular digital currency wallet--on Fidelity.com.
4. Jensen Huang, CEO of semiconductor and microchip maker Nvidia, said in August that cryptocurrency and blockchain technology are "here to stay." Nvidia's computer graphics processing unit chips, which were initially made to improve video game graphics, were adopted by cryptocurrency miners to verify transactions. The increased demand has lead to explosive profits for Nvidia.
5. Jeremy Allaire, CEO of global, no-fee payment app Circle, which uses blockchain and cryptocurrency technology to enable users to send money between the U.S., the U.K., and the European Union, told Inc. back in 2013 that the technological innovation of bitcoin is on the same scale as the internet. In Nov. 2017, Allaire told CNBC that bitcoin and blockchain technology are "fundamental breakthroughs" in record keeping and transaction settlement that will transform the way money moves across the world.


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Amaya Gaming Group add more weight behind their NJ presence with a deal with Ultimate Gaming’s UCasino.com.
Amaya Gaming Group doubles revenue in 2013 thanks to full-year contributions from recent acquisitions, signs Ultimate Gaming in New Jersey.
Nevada-licensed Ultimate Poker teams with northern Nevada casino operator Peppermill; Merge Gaming skins give Nevada players the kiss-off.
New Jersey to limit online gambling trial period to eight hours per day for first two days; DGE issues guidance on online promotions.
Vince reviews online poker websites in Nevada, where the state has developed the first legalized, regulated iGaming offering in US history.
Station Casinos sees revenue and profit rise in Q2, but execs keep mum on precise figures from Ultimate Poker operation.
In poker news, the Red Rock Casino Resort in Las Vegas will be the home of Ultimate Poker Challenge from Aug 30 - Sep 6.
Ultimate Gaming gets final nod from Nevada regulators, while parent company Station Casinos launch mobile sports betting app
Government affairs and gaming professional Mike Britt has joined Ultimate Gaming, America’s first regulated online gaming operator.
Ultimate Gaming inks a New Jersey online gambling deal with Atlantic City casino Trump Taj Mahal.


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South Korean auto-major Hyundai will unveil its much-awaited new Elantra sedan in India on Tuesday. But the car has started arriving at the company's dealerships ahead of the official launch.
Some spy images of the new Elantra have been released by AutosArena and needless to say, it gives the best yet look at the model. The Elantra is said to have been snapped at a dealership yard in Ahmadabad.
To be offered in six trims -- SX, SX AT, SX (O) and SX (O) AT -- the new Elantra will be sold in 2.0-litre Dual VTVT petrol and 1.6 CRDi diesel engine options.
While the petrol-powered Elantra will churn out 151bhp and 190Nm of torque, the diesel unit will belt out 127bhp and 265Nm of torque. Both the engines are coupled with the choice of manual and automatic transmissions. Coming to the fuel efficiency, it is being said that the premium sedan will deliver 22.4 kmpl for diesel MT and 14.6 kmpl for petrol MT.
The new Elantra measures 4,610mm in length, 1,800mm in width, and 1,450mm in height and gets a wheelbase of 2,700mm.
From a visual standpoint, it flaunts prominent hexagonal grille with a pair of swept-back headlamps at the front. The new Elantra also gets vertically aligned DRLs, prominent character lines, new alloy wheel design and LED taillights.
The feature-list of the new sedan is expected to include cruise control, steering mounted control, anti-pinch electric sunroof, eight-inch touch screen with Apple Car Play, 16-inch alloy wheels, rear armrest and smart boot opening.


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New York's attorney general says he has reached settlements with Viacom, Mattel, Hasbro and Jumpstart Games stopping them from using tracking technology on their popular children's websites.
The settlements require Viacom, Mattel and Jumpstart to pay penalties totaling $835,000 following a two-year investigation into violations of the 1998 federal law that prohibits unauthorized collection of children's personal information on websites directed at users under 13.
Attorney General Eric Schneiderman says each allowed tracking technology such as cookies on their websites in violation of the law. Such technology can be used by marketers and advertisers.
Hasbro says it cooperated with investigators, will closely monitor companies working on its behalf and that it is rolling out a stricter online privacy protection policy.
The other companies didn't immediately reply to requests for comment.


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Verifone’s new future-proof NFC terminal supports all mobile payment platforms & devices, including Apple Pay
While an increasing number of retailers are adopting smartphones and tablets as mobile payment terminals, the deployment process can often prove to be expensive and time consuming as the sizes and form factors of devices continue to change. Leading NFC terminal maker Verifone aims to solve that problem, announcing today a new mPOS terminal that supports all mobile payment platforms and devices.
Verifone’s upcoming PAYware Mobile e355 should be an extremely valuable option for retailers looking to deploy a mobile POS system without being locked into a single ecosystem. PAYware Mobile e355 is designed to work with multiple device sizes and form factors, meaning that retailers won’t have to constantly upgrade their hardware when next-generation iPhones or Android-based smartphones are released.


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Apple Pay users who have a Visa card tied to their account are vulnerable to a flaw that could let hackers secretly steal cash without their knowledge.
Research funded by the National Cyber Security Centre (NCSC) found that a combination of flaws in the Apple Pay and Visa systems make it possible for a Visa payment card to be charged without the owner’s consent if it’s set to Apple’s express transit mode.
The feature, which was introduced to iPhones in May 2019, allows users to pay for travel at ticketing barriers without having to unlock the phone, in order to make the payment as fast as possible and avoid creating queues.
However, an experiment conducted by the Universities of Birmingham and Surrey found threat actors are able to exploit a flaw to bypass the Apple Pay lock screen and charge the connected card, in some cases up to £1,000 per transaction, without user authorisation. The owner doesn’t have to leave the device unattended or have it stolen – thieves can also exploit the flaw through a bag or coat, thanks to contactless payment technology.
In a demonstration of the exploit, researchers used an iPhone, an NFC-enabled Android phone, a standard EMV reader payment terminal, and a laptop connected to a Proxmark radio-frequency identification (RFID) scanner.
The Android phone is used as a card emulator to communicate with a payment terminal. Meanwhile, the Proxmark device, connected to a laptop, acts as a reader emulator to communicate with the potential victim’s iPhone, which is led to act as if the transaction is happening with a legitimate transport EMV reader.
Researchers first set up a payment for £1,000 on the payment terminal and ran a script on the laptop to alert the Proxmark RFID scanner to receive the transaction, which then passes it to the payment terminal. Meanwhile, the flaw also manipulates the payment terminal to believe that the victim had authorised the transaction by biometric or PIN verification, enabling the transaction to take place.
The lead researcher behind the experiment, Dr Andreea Radu from the School of Computer Science at the University of Birmingham, said that the flaw can have “serious financial consequences for users”.
Although Visa and Apple had been notified of the issue, neither have taken responsibility for the flaw, meaning that it remains exploitable. The researchers state that both Apple and Visa have the capability to mitigate this attack on their own.
“Our discussions with Apple and Visa revealed that when two industry parties each have partial blame, neither are willing to accept responsibility and implement a fix, leaving users vulnerable indefinitely,” said Radu.
Co-author Dr Ioana Boureanu, from the University of Surrey’s Centre for Cyber Security, said that Apple Pay users “should not have to trade-off security for usability, but – at the moment – some of them do”.
“We show how a usability feature in contactless mobile payments can lower security. But, we also uncovered contactless mobile-payment designs, such as Samsung Pay, which is both usable and secure,” she added.
The next biggest shopping destination is the cloud
Know why retail businesses must move to the cloud
The attack is only possible due to the unique combination of flaws across both Apple Pay and Visa’s systems, which means that those using Mastercard on Apple Pay, or Visa on Samsung Pay, are not at risk.
Dr Tom Chothia, from the School of Computer Science at the University of Birmingham and co-author of the report, advised iPhone owners to “check if they have a Visa card set up for transit payments, and if so they should disable it”.
“There is no need for Apple Pay users to be in danger but until Apple or Visa fix this they are,” he warned.
Videos showing the exploit in action can be found here.
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Having only graduated from City University in 2019, Sabina has already demonstrated her abilities as a keen writer and effective journalist. Currently a content writer for Drapers, Sabina spent a number of years writing for ITPro, specialising in networking and telecommunications, as well as charting the efforts of technology companies to improve their inclusion and diversity strategies, a topic close to her heart.
Sabina has also held a number of editorial roles at Harper's Bazaar, Cube Collective, and HighClouds.


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DALLAS–Aimbridge Hospitality, the leading, global, third-party hotel management company, is on track to add 220 properties globally, including U.S., Canada, Caribbean, United Kingdom, Western Europe, Eastern Europe, and Russia/CIS.
Aimbridge Hospitality is well-positioned for expansion; during unprecedented times the Company maintained corporate support to add value for their owners. As a result, even during such a volatile year, with historic organic growth across all verticals, including the extended stay, select service, and international segments. Year to date, Aimbridge has added 128 properties to its robust portfolio and is on track to add another 120 properties in the next 120 days. Added properties include:
- Hilton Boston Downtown Faneuil Hall, MA
- The Murieta Inn and Spa, CA
- Renaissance Charleston Historic District, SC
- Hyatt House/Hyatt Place Chicago, IL
- Element Ontario, CA
- Courtyard Fort Lauderdale Beach, FL
“We are pleased to have positioned ourselves for growth, and as we leverage our scale to add value, owners are responding by adding Aimbridge as managers. Our expertise and expansive scale bring a unique advantage to both the brands and our owners,” said Aimbridge Hospitality CEO Dave Johnson.
Mike Deitemeyer, Global President of Aimbridge Hospitality, added, “Our team’s deep experience across all hospitality verticals, markets, countries, and brands has provided us the ability to continue our growth. We are pleased to be finishing the year strong thanks to our incredible people and look forward to continuing the momentum in 2021.”
Interstate Hotels & Resorts, Aimbridge Hospitality’s international division, has also expanded its senior management team with the appointment of Jean-Charles Denis to the role of Chief Operating Officer. Jean-Charles brings a unique perspective to the newly created role, overseeing operations across all Interstate’s hotels in the UK, Ireland, Europe, and Russia.


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A US House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from top executives of Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc’s Google, widening the antitrust probe of Big Tech.
French investigators have been seeking to establish whether Google, whose European headquarters are based in Dublin, failed to pay its dues.
Google, Facebook and Twitter to testify before a US Senate panel on efforts by social media firms to remove violent content.
Texas Attorney General Ken Paxton, who is leading the probe, said it will focus on Google’s “overarching control of online advertising markets and search traffic that may have led to anticompetitive behaviour.”
Alphabet Inc’s Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube’s alleged violation of a children’s privacy law, a person briefed on the matter told Reuters.


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Record Labels Say NZ’s $25 Anti-Piracy Claims Too Costly
While piracy remains a significant issue in New Zealand, the recording industry is saying that the country's laws make copyrights too expensive to enforce. According to a report by Fairfax Digital's Stuff.nz, only one complaint has been successfully pursued with the country's Copyright Tribunal this year, compared with four last year and 18 in 2013.
I n 2011, New Zealand joined the growing number of nations around the world with the implementation of a 'three strikes' system. In the regime, a film studio or record label has to identify an illegal downloader and file a notice with that individual's ISP, which then sends a warning to the account holder.
Three such notices filed against a user within a 12 month period then allow the copyright holder to bring a complaint before the tribunal. Each warning costs the copyright owner $25 dollars, while the complaint to the tribunal costs $200.
Thomas Beagle, a spokesman for digital civil liberties group Tech Liberty told Stuff that rights holders have essentially given up on purusing violators.
"My understanding is that the Copyright Tribunal process is too expensive and a lot of people are switching to streaming services," he told Stuff. "It's about $25 a notice and you have to send a whole bunch of them and even then you don't know if it's getting to the right person."
Record Music NZ general counsel Kristin Bowman echoed this sentiment, telling Stuff that the industry is still losing "millions of dollars" every year to piracy. "We haven't got rid of it [piracy] as the regime, unfortunately, is too costly," Bowman said. "It's really disappointing."


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Keep up with Scispot news and all-things biotech.
Culture Bioscience has implemented Scispot to digitize and automate their biomanufacturing workflows and scale up their operations
Some of the most revolutionary biostartups come from IndieBio, we are honored to be their partner and support these amazing companies.
HelaPlex, a commercial shared office and lab space, chose Scispot as their exclusive digital platform to create the world’s first digital life science accelerator. As part of this partnership, HelaPlex will gain access to a white label digital operating platform powered by Scispot.
Scispot.io has launched a digital operating platform for biotech SMEs. The company is based in Waterloo and founded by a former biotech researcher, a Silicon Valley techie, and a product leader.
After a great deal of soul-searching, I decided to start my own company. Scispot represents everything I've learned as a student, researcher, team leader, and person.
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- Delivery will take place in the 32 states and in more than 200 municipalities of the country.
- With this action, the store chain aims to recognize the work that security forces do to protect the community, especially facing COVID-19.
Mexico City, Mexico. April 28th, 2020. – Committed with the wellbeing of the community, OXXO donated 1.45 million facemasks to elements of Public Security at a national level. Deliveries were made to the 32 state governments and more than 200 city governments to recognize the work they do to preserve secure environments and protect Mexicans during the COVID-19 pandemic. As part of these deliveries, donations were made for medical personnel in some municipalities.
“In OXXO we recognize the immense labor that the security forces do to maintain order. With their work, the elements of security are one of the first care fronts during this contingency, which we thank and appreciate in OXXO. From our part, we will continue collaborating with the security authorities to contribute in generating safer communities”, said Carlos Arenas, General Director of OXXO.
OXXO has celebrated alliances with local policemen in different states and municipalities, and is interested in continuing with this collaboration to work for the creation of safe spaces in the community. In said alliances, training sessions have been implemented with the police and OXXO’s collaborators, as well as the recognition and support to municipal police by offering installations to recharge their cellphone’s batteries and gifts such as coffee thermos for the officials.
For OXXO, the wellbeing of its collaborators and clients is a priority. This is why it reaffirms its commitment to protect the integrity of the communities where it is present by creating safe working environments and maintaining the availability of first need products and services while the contingency allows it.
FEMSA is a leading company that generates economic and social value through enterprises and institutions and aims to be the best employer and neighbor of the communities where it is present. It participates in retail trade through FEMSA Comercio, which englobes the Proximity Division, a chain of small stores of which OXXO is a part; a Health Division which includes pharmacies and related activities; and a Fuel Division that operates the OXXO GAS chain of service stations. In the beverage industry it operates Coca-Cola FEMSA, a public bottler of Coca-Cola products; and in the brewer sector it is a stockholder of Heineken, a Company present in more than 70 countries. Additionally, through Strategic Businesses FEMSA, it offers logistics services, refrigeration at selling points and plastic solutions to FEMSA companies and external clients. Through its Business Units it employs approximately 300 thousand collaborators in 13 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance Index, the FTSE4Good Emerging Index and the Sustainable Prices and Quotation Index of the Mexican Stock Market, among other indexes that evaluate its performance in sustainability.
About FEMSA Comercio
FEMSA Comercio is an enterprise that generates economic and social value in the countries where it is present. It operates different small-format retail chain stores in Mexico, Colombia, Chile, Peru and Ecuador, among which there are the OXXO stores, the YZA, Farmacon, Moderna, Cruz Verde, Fybeca and SanaSana pharmacies, and Maicao, which are beauty stores. It also operates service stations through the brand of OXXO GAS. Through its business units, FEMSA Commerce employs more than 180 thousand collaborators and serves more than 13 million consumers every day.


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New Delhi : In a move to change in accordance with cash development and item costs all around, printing and PC significant HP Inc. on Friday climbed the rundown costs of its items by three-five percent crosswise over classes in the Indian market.
The expanded rundown
We knew that Nokia still had strong brand loyalty despite not having created any mobile devices for the past few years, but we have to admit that we did not think it would be this strong. According to the reports, it seems that when the
It has been almost four and a half months since Jio launched its services to the public. According to RIL’s latest Q3 financial report, Jio’s subscriber base has reached 72.4 million as of December 31st, 2016. I’m pretty sure that before their free offer ends
The iPhone 7 has been out for nearly four months and if you’re one of those people who can’t wait to get your hands on the latest model but still don’t have one, now is your chance without having to spend any money or wait
In the most recent few days, the planet has been experiencing huge changes, and this procedure will proceed for quite a while. With the solstice and the start of Uttarayana, there has been a move in the way the Earth and all life is identifying
Exceptionally toward the start of another year, one question that regularly comes up is the way to dispose of negative behavior patterns. There is no such thing as great propensities and negative behavior patterns – all propensities are terrible. Propensity implies doing things unknowingly, naturally.
Mediator (Arundhathi Subramaniam): Sabysachi, you've discussed blemish as a vital piece of your plan. Would you say more in regards to that?
Sabyasachi Mukherjee: In the mold business, on one hand, we discuss uniqueness, and on the turn around, we likewise discuss large scale manufacturing. Through
Mahashivratri has dependably been a fabulous festival for us at the Isha Yoga Center, however the up and coming one on 24 February, with the sanctification of the hundred and twelve feet tall face of Adiyogi, will emerge, actually. With pretty much five weeks to
लखनऊ। राष्ट्रीय लोक दल (रालोद) के अध्यक्ष चौधरी अजित सिंह ने शनिवार को विधानसभा चुनाव को लेकर दूसरी सूची जारी कर दी। इस सूची में 31 प्रत्याशियों के नाम शामिल हैं। इसमें 08 महिला प्रत्याशी शामिल हैं। इसके तहत पार्टी ने कैराना से अनिल चौहान,
Lucknow: In a major jolt to the ruling Samajwadi Party of Uttar Pradesh led by Chief Minister Akhilesh Yadav, Mulayam’s close aide and former state cabinet minister Ambika Choudhary joined Mayawati’s Bahujan Samaj Party (BSP) at the eleventh hours of the Vidhan Sabha elections on


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Boss To Pay Employees $1.3 Million In Christmas Bonuses
Billionaire Bob Parsons has announced this week that he plans to give away a $1.3 million Christmas bonus to his 725 employers.
The announcement comes in the wake of a newly approved and controversial tax bill put forward by President Donald Trump and his administration, a bill which Parsons fully supports.
In a press release issued two days before Christmas, he promised the 594 employees at YAM Worldwide, who have been working for more than six months, a handsome $2,000 (£1,495) bonus. Meanwhile, those who have been at Parsons’ company for six-month or less will receive a $1,000 (£747) bonus.
Parsons’ generous Christmas bonus was his way of celebrating Trumps’ newly passed GOP tax plan on Wednesday, a bill which, as mentioned before, he was fully behind.
Speaking to Forbes, Parsons says:
The passage of the tax credit is a catalyst for explosive economic growth. On a massive scale, the lowered federal tax burden on businesses will increase investment, entrepreneurship and corporate philanthropy.
I’ve always believed in sharing good news and have decided to celebrate the tax plan by giving back to my staff.
The controversial tax bill plans to cut corporate tax from 35% to 21%. This tax break is beneficial for big corporations and their wealth off owners like Parsons… and even Trump himself.
Parsons’ journey as a self-made entrepreneur began during his upbringing in inner-city Baltimore. Despite struggling in school he made a fortune creating web domain-name registrar GoDaddy – which is known for its provocative Super Bowl ads.
In 2011 he sold the majority of his stakes to a group of private equity investors and stepped down as chairman in 2014 to put his time and energy towards an array of new businesses in Arizona. He currently owns various shopping malls, motorcycle dealerships, an ad agency and a golf club.
Parsons, whose current net worth is a staggering $2.7 billion (£2bn), is an avid Trump supporter. During the election campaign, he donated $1 million (£74k) to Trump’s inaugural committee earlier this year. He has also given more than $140 million (£104m) to charity since 2011. Parsons isn’t the only billionaire feeling generous since the new tax repeal.
On Thursday fellow billionaire Frank VanderSloot, CEO of Melaleuca, an Idaho-based company which produces health supplements and eco-friendly cleaning products, announced to his 2000 American employees they would receive a bonus of $100 (£75) for each year they have worked at his company. He then challenged other companies in his state to do the same.
Naturally several large companies came out in favour of the new tax bill including tech-giants – and net neutrality opposers – AT&T and Comcast. Both companies have also pledged to hand out bonuses worth $1,000 (£750) to their 200,000 and 100,000 employees, respectively.
Furthermore, Comcast also claimed they would be spending more than $50 billion in the next five years on infrastructure. Fifth Third Bank told their 13,500 employees they would both raise the minimum hourly wage to $15 (£11) for all employees, as well as a $1,000 bonus.
While these grand gestures are nice, and a thoughtful recognition towards the hard work their employers do – the new GOP tax bill still benefits the wealthy and leaves those on a lower income paying the rest of the debt the United States government finds itself in.


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Mahindra & Mahindra on Wednesday said its Japanese arm, Mitsubishi Mahindra Agricultural Machinery (MAM), and Kubota, have entered a collaboration to offer products, services and solutions to meet customer needs through mutual utilisation of resources in Japan.
Under the collaboration, the two firms will expand the existing scope of mutual original equipment manufacturing (OEM) supply, placing focus on tractors, rice transplanters and combine harvesters, including implements and associated equipment, Mahindra & Mahindra (M&M) said in a regulatory filing.
The two partners are also discussing supply of agricultural machines that can accommodate Kubota''s farming support system, KSAS, and utilisation of the system at MAM.
Besides, there will be future discussion for collaboration in product development.
M&M Executive Director and Chairman MAM, Rajesh Jejurikar, said the business collaboration for the Japanese market which will include a broad range of collaborative efforts including but not limited to expanding the mutual OEM supply arrangements, joint utilisation of IoT and other tech solutions, and exploring opportunities for collaborating in product development for Japan.
Explaining the rationale behind the collaboration, Kubota and Mitsubishi Mahindra Agricultural Machinery said Japanese farming population is aging and shrinking and it is shifting to large-sized farming organisations and small-sized part-time farmers.
"This trend is inspiring increasing customer needs for labour-saving, operations and cost-efficiency in farm machine and sophisticated technologies such as autonomous and IoT solution. Kubota and MAM have implemented own approaches to handle customer issues," the two companies said in a joint statement.
Kubota is finding solutions in their large selections of products from small to large size, and in promotion of smart agriculture that utilise self-driving agricultural machines and the farming support system KSAS.
On the other hand, Mitsubishi Mahindra Agricultural Machinery offers a lineup of products equipped with Mitsubishi''s proprietary technologies and pursuit of craftsmanship spirit or “monozukuri spirit” (craftsmanship spirit) under brand message “Long Life”, it added.
However, it is critically important to secure resources in each company to sustainably respond to diversified demands of Japanese customers while expansion of Japanese agricultural market is not expected.
"Kubota and MAM are announcing that they have agreed to start discussion to endeavour to offer products, services and solutions that meet the customer needs through mutually utilising resources to contribute to continuous and stable food production in Japan," the statement added.


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F1 cars only recently surpassed the lap speeds of cars from 12–14 years earlier. Yes they do. In fact its 1.5 seconds faster every year.
Why are F1 cars slower now?
Naturally, a less powerful engine means a slower car. However, F1 regrouped once more. … Sometimes this difference is as much as five seconds, and that’s largely down to the sheer inability to push for a 100 percent lap in the Pirelli era of F1. Comparing 2013 to 2009, and the current cars still struggle.
Are 2021 F1 cars slower?
The latter adopted their power unit supplier’s low-rake aerodynamic philosophy last year, and both are over two seconds per lap slower than they were in 2020. Only Haas, who used none of their development ‘tokens’ in producing their mildly revised car for 2021, have got slower than that.
Are the 2022 F1 cars slower?
The reduction in downforce, as well as a weight increase, means the 2022 cars—at least to begin with—will be slower than the current machines.
Would an F1 car beat a Nascar?
F1 cars would beat a NASCAR around a superspeedway oval track. The open-wheel, high downforce design of the F1 car would allow it to maintain a fairly constant speed around the oval, while stock cars lose speed on the banks, leading to a faster lap time.
What was the fastest F1 car ever?
Just shy of 400 but it was successfully the fastest an F1 car has ever officially gone! In testing for the event with the final spec car, Alan did hit a ridiculous 413.205km/h.
Why is Mercedes car slower this year?
The changes to the aerodynamic regulations for 2021 specifically reduced this rear downforce, to simplify and slow the entire F1 field as they began to exceed the design capabilities of the Pirelli tyres introduced in 2019.
Are F1 engines changing in 2022?
No, the 2022-spec F1 car will continue to be powered by the same 1.6-liter V6 turbo hybrid unit as the current cars. That said, there are some small changes in store, like more standard components in the fuel system and the use of a higher grade of sustainable fuel.
What changed F1 2022?
F1 is introducing new aerodynamic regulations for 2022 with the aim of reducing the “dirty air” produced by the current cars, which makes passing difficult. The new F1 car features a simpler front wing and a rear wing designed to push the aerodynamic wake up and over the car following behind.


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RBNZ cut interest rates today for the first time in 4 years whilst leaving the door open to further cuts, signallising the beginning of an easing cycle, to send NZD lower across the board
Summary of Greame Wheeler's statement
- The fall in export commodity prices that began in mid-2014 is proving more pronounced.
- The outlook for dairy prices and recent rises in petrol prices will slow income and demand growth and increase risk delaying return of inflation to the mid-point
- Inflation has been low due to falling import prices and the strong growth in the economy’s supply potential
- Wage inflation and inflation expectations have been subdued
- Exchange rate has declined from its recent peak in April, but remains overvalued
- A further significant downward adjustment [for the exchange rate] is justified
- Lower exchange rate required in light of lower forecast for current account balance
- Increased supply required to address rising Auckland house prices
- We expect further easing may be appropriate. This will depend on the emerging data
In April's statement they stated that "Monetary policy will focus on the medium-term trend in inflation and "The timing of future adjustments in the OCR will depend on how inflationary pressures evolve in both the non-traded and traded sectors". The two charts above pretty much sum up why RBNZ cut by 25 bps today, as medium term trends of both non-tradeables and tradeable, along with projected inflation are both declining.
Whilst I did not expect a cut today it is goods to see a Central Bank try to get ahead of the curve. Now back to the RBA...


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Theisn’t the only phone we expect Apple to deliver before the end of the year. Nor is it the only iPhone rumored to be at the moment. Apple is rumored to be developing an edition of the iPhone 8 that has a reflective finish.
Apple typically delivers an “S” series upgrade in September in odd-numbered years, like 2017. This year, however, Apple and its suppliers are said to be struggling to mass produce the next flagship model, possibly called the iPhone 8, as well as the iPhone 7S and 7S Plus. According to a persistent series of reports by media, analysts, and supply chain sources, the debut of the “S” series, which will likely be a modestly upgraded version of the current generationand , may be delayed.
The iPhone 7S and iPhone 7S Plus are currently scheduled to start the final phase of production in August — months behind the normal timeline. This could result in any number of previously unthinkable scenarios including a postponed announcement, a significantly delayed ship date, or an announcement followed by severe product shortages. As the drama continues to unfold, we’ll collect all of the rumors below.
iPhone 7S specs we might see:
- Overall, an incremental update of the current generation iPhone 7
- LCD display with TrueTone
- Apple’s next-generation processor (the A10X or A11)
- Physical home button with support for Touch ID
- iOS 11 (preview)
- Wireless charging
- Aluminum and/or glass case
- Enhanced waterproofing
- New color options including red
- 2GB of RAM
- Priced around $649 (iPhone 7S) and $749 (iPhone 7S Plus)
Announcement and release dates
True to form, Apple has officially announced nothing about the iPhone 7S or 7S Plus. And yet if this was a typical year, we’d still have confidence that the company was set to introduce and ship the “S” series sometime during the first half of September. According to the relentless drumbeat of rumors, however, an unprecedented set of manufacturing challenges has knocked this year’s release schedule into disarray.
For months, we’ve heard speculation that Apple may not have MacRumors) reported that all forthcoming iPhone models are facing “production delays.” Nothing is certain — and we still may see the iPhone 7S and 7S Plus appear right on schedule in early September. But October, November, and beyond remain distinct possibilities.ready to go until late 2017. More recently, the postponement buzz has extended this foreboding prediction to include the “S” series; in mid-July, Economic News Daily (via
What’s new with the 2017 iPhone ‘S’ series upgrade?
Most reports suggest that phone sizes will remain the same, setting the stage for a 4.7-inch iPhone 7S and 5.5-inch iPhone 7S Plus. The “S” family is expected to have an aluminum alloy chassis (via DigiTimes), while the iPhone 8 may get a glass and steel chassis. The forthcoming 7S Plus is nearly certain to have two cameras on the back, consistent with the current generation 7 Plus, though it’s conceivable that the entry-level iPhone 7S could also get two rear-facing lenses in order to make fuller use of the featured in next generation of Apple’s mobile operating system’s (more on that below).
Much of the speculation about the iPhone 8, and one of the major factors said to be putting a crimp in production, involves a and its integration with Touch ID. The iPhone 7S and 7S Plus, however, are expected to stick with the current generation’s conventional setup: a fingerprint sensor embedded in a physical home button. We do hear that the iPhone 7S and 7S Plus will get a performance upgrade; all three 2017 models are said to use Apple’s next-generation A11 chip.
Most of the “wireless charging” rumors — technically, it’s called inductive charging — have revolved around the iPhone 8. But the CEO of Wistron, a Taiwanese iPhone assembler, reportedly revealed that that an upcoming 5.5-inch iPhone model — assumed to be the 7S Plus — would be. That noted, the iPhone 8 is said to be very similar in size to the iPhone 7 Plus, so this is one of the murkier rumors around. Nevertheless, according to Apple analyst Ming-Chi Kuo, the next generation of iPhones will support faster USB-C-powered “plugged-in” charges, as well as an .
What about the iPhone SE?
Most of the iPhone buzz has centered around the 10th anniversary model, and, to a lesser extent, the 7S and 7S Plus. There’s been hardly any discussion of the future of the littlest member of Apple’s lineup: the Cult of Mac).. Of course this, in and of itself, may be a signal of some kind: veteran Apple analyst Ming-Chi Kuo has speculated that Apple will not deliver a new iPhone SE in 2017. And Pan Jiutang, another analyst, says that, given low demand for the smaller form factor, Apple may abandon the product altogether (via
The 4-inch iPhone SE debuted in March 2016, a few months after the introduction of the, upon which it is closely based. Last May, Apple increased the SE’s storage capacity but left the price unchanged — $399 for the 32GB model and $499 for the 128GB edition.
How big a deal is iOS 11?
Potentially pretty big, given what we know so far. Apple delivered a preview of WWDC and released the public beta in June (here’s how to install it). AR will be a big part of iOS 11, and both the iPhone 7S and 7S Plus could feature dual lens rear cameras in order to . Other highlights of the mobile operating system include a smarter, more capable Siri, screen recording, and a new Music app. Read more about iOS 11 in our preview.at this year’s
Given the dearth of blockbuster features, we don’t expect Apple to tinker with the “S” series pricing too much. Expect the iPhone 7S to start around $649 (£500 and AU$850) and the iPhone 7S Plus at $749 (£580 and AU$980). The iPhone 8, on the other hand, is rumored to start somewhere between $850 and $1,200.


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In celebration of its second anniversary, Waiakea Water has released its inaugural commercial. The roughly 1-minute commercial offers an informational approach about the brand’s natural filtration process through an active volcano.
The snowcapped peak of the active Mauna Loa volcano provides the water for Waiakea by naturally filtering it through 14,000 feet of porous lava. Waiakea water also is naturally enhanced with minerals and electrolytes and has a natural pH of 8.8.
The company also utilizes a number of sustainable and charitable practices. Waiakea is certified CarbonNeutral and is packaged in a high-grade BPE-free bottle made of 100 percent post-consumer recycled material. The package also requires s 85 percent less energy and 90 percent less water to manufacture, which reduces the company’s carbon emissions by more than 90 percent, it says.
The company also donates 650 liters of water for every liter of Waiakea sold through www.pumpaid.com. Currently, 140 million liters have been donated, the company says.
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New York - Sophia Fouzia Leaguedi, a Moroccan business woman living in Chicago has been recognized by one of the most prestigious programs for women entrepreneurs around the world.
New York – Sophia Fouzia Leaguedi, a Moroccan business woman living in Chicago has been recognized by one of the most prestigious programs for women entrepreneurs around the world.
Leaguedi has been awarded the 2016 Enterprising Women of the Year Award for her exceptional work as head of her own company Ameroc Export Inc, specializing in the export of products from American companies to foreign countries.
She expressed her happiness for the award, and pointed out that hard work always pays off.
“The greatest gifts in life are not purchased but acquired through hard work and determination,” Leaguedi told Morocco Word News.
The annual Enterprising Women of the Year Awards pays tribute to women business owners who “demonstrate that they have fast-growth businesses, mentor or actively support other women and girls involved in entrepreneurship, and stand out as leaders in their communities,” according to the magazine’s press release.
Sophia, along with other awarded females will be honored at the 14th Annual Enterprising Women of the Year Awards Celebration & Conference at the Ritz-Carlton Coconut Grove in Miami, Florida between February 28 and March 1, 2016.
The successful Moroccan was nominated in one of seven categories, winning the award in the “up to $1 million in annual revenues” category for her company.
“The recipients of the 2016 Enterprising Women of the Year Award represent an amazing group of women entrepreneurs from across the United States and as far away as China, Egypt, South Africa, Uganda, the United Kingdom and Portugal,” Monica Smiley, Publisher/CEO of Enterprising Women said.
Headquartered in North Carolina, Enterprising Women “is the nation’s only women-owned magazine published exclusively for women business owners that chronicles the growing political, economic and social influence and power of entrepreneurial women”.
It is published in both print and digital forms, where the online magazine reaches one million readers in 185 countries.
Sophia Fouzia Leaguedi graduated from Rabat’s Mohamed V University before pursuing a career in management and business at Los Angeles Pierce College.
In November 2014, Sophia was chosen as part of a group of the 15 most influential suburban women in business. She received an award granted by the Chicago-based Daily Herald Business Ledger.


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Farmville creator Zynga has joined forces with HBO and developer Disruptor Beam to bring the popular Game of Thrones Ascent social media game into the Zynga Partners program.
Since its open beta launch in February, Game of Thrones Ascent has experienced an "overwhelming" amount of interest from social gamers with more than 500,000 installs. And this is set to climb further with Zynga now on board.
"Zynga is a true leader in the industry and we are thrilled that they will be working with us and Disruptor Beam to make this fantastic game available to fans through multiple platforms," said James Costos, VP HBO Global Licensing.
"The response to the Facebook launch of Game of Thrones Ascent has been incredible and we expect that to continue as more users opt into the game."
In Game of Thrones Ascent, players will lead the life of a noble in the world of Westeros, made popular by the books from George R.R. Martin and the TV show from HBO. Players will claim their birthright by choosing which of the great houses they’ll swear allegiance to, securing holdings and develop lands.
Jon Radoff, CEO and Founder at Disruptor Beam, added: "As with any social game developer, a primary goal is to continue to iterate on the game with new mechanics and features, while growing the player base.
"For those reasons, we are extremely excited to partner with Zynga, exposing Game of Thrones Ascent to Zynga’s millions of players on Zynga.com and Facebook, while working side-by-side with the Zynga Partners team to continue to make this game a true extension of HBO’s renowned series Game of Thrones."
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Maruti Suzuki India Limited, for the noble cause of assisting COVID-19 patients, has decided to stop vehicle production at its plants. This includes the plants at Manesar as well as Gujarat. To this very effect, from Maruti Suzuki management has decided to advance its regular annual maintenance shut down that usually takes place in June. Instead, it will take place now from May 1-9, 2021. Now, you may ask how this helps. All car plants need a small amount of oxygen for production purpose. More so, the vehicle component makers use a large quantity of oxygen. In this national pandemic crisis wherein patients are struggling to get oxygen cylinders, shutting down a plant will mean more supply to the afflicted. The country currently is grappling with an oxygen supply shortage. In some cases, a cylinder of life-saving oxygen is available for as much as Rs 35,000.
That definitely is a steep price for something that we used to getting for free every single day. Maruti Suzuki deciding to halt production will mean more patients can avail oxygen cylinders and perhaps at not-so inflated rates. At the same time, while MSIL has not said this, we believe due to the rising number of cases the production too could have been halted. Workers at the factories are screened each day and their health monitored from time to time. With fresh news coming in that the virus is also airborne might have also prompted this action.
Arch rival Hyundai, through its Hyundai Motor India Foundation, too has rolled out a Rs 20 crore package that will help hospitals in setting up oxygen generating plants. Moreover, the Korean brand will also provide volunteers at hospitals for support and also cater to their operational costs for the next three months. This deal can further be extended depending on the severity of the situation.
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The Business Software Alliance (BSA) has applauded the decision by Derby Crown Court to follow-up a jail term for Gary Scrimshaw for breach of intellectual property with a demand for £15,931.
Scrimshaw was the first person convicted of piracy with most cases usually ending in an out of court settlement before the sentencing stage and faces a further eight months if he cannot find the money the court is asking for.
Scrimshaw was caught by Trading Standards in a raid in 2006 with 11,500 CDs and DVDs including software from Adobe, Apple, Microsoft and Symantec.
In the past the likes of the BSA have shared reseller frustration that a prison term might serve as a more powerful warning than a settlement, the details of which are usually undisclosed.
Najeeb Khan, Vice Chair, BSA UK Member committee, said that the consequences pf the case were clear: "It sends a very clear message that the consequences of piracy can be severe and that serious offenders will be pursued all the way."
"Mr. Scrimshaw was not only robbing creators of intellectual property of the rewards for their efforts, but also duping consumers and damaging the local and national economies," he added.
Recent IDC figures revealed that the UK level of piracy stands at 26% costing the channel in terms of lost revenue, marketing funds and potential employment opportunities.


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Tag archives for supply chain
A company's soy footprint is about to be the next big thing to worry about after GHG emissions, water and palm oil.
Recent years have witnessed many health scares for pet owners, and unethical practices by suppliers have nudged companies to clean up the supply chain.
Ammo Liao has designed the recyclable Bio-Knit sneaker, which eschews the multi-faceted approach taken toward the manufacturing of athletic shoes.
Ikea announced it is ratcheting up its climate change pledge to the tune of €1 billion ($1.1 billion) in new projects worldwide.
An NRDC report on sustainable supply chain improvements in the fashion industry serves as a wake-up call that conserving resources also saves money.
As the California drought continues to linger, one industry working to find solutions to the crisis is the denim industry in Los Angeles.
Last month’s announcement that Heinz will acquire Kraft Foods opens a bevy of questions for a company that as a combined force will have annual sales of at least US$28 billion--especially when it comes to palm oil.
A farmworkers’ union in Washington State has recently called for a consumer boycott of the Driscoll’s berries, citing unfair working conditions.
Union of Concerned Scientists released its 2nd annual palm oil report, which tracks 40 large companies sourcing huge amounts of palm oil within its supply chains.
By eliminating the demand for goods and services produced with slave labor, the Freedom Seal aims to end human trafficking and slavery.
A Canadian grocer, Loblaw, is selling misshapen fruit and potatoes at some of its outlets in Ontario and Quebec.
Great Lakes Cheese is the latest food company to enact an animal welfare program policy in light of accusations of animal cruelty at one of its dairies.


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Along with summer comes cookouts, swimming, and mosquitoes -- lots of them. Instead of slathering on repellent, turn to your smartphone to keep pesky critters at bay. In this Tech Minute, CNET's Kara Tsuboi reports on apps designed to repel mosquitoes.
Although the Internet's mega superstore is acquiring Twitch, don't expect to see more ways to buy video games from the site.
Conan O'Brien claims he hired a crack team of techies to reveal the intimate life of the hacker who stole celebrities' nude photos from their iCloud accounts.
The cloud computing company taps the Academy Award-winning actor to promote its new suite of enterprise tools for the retail, health care, and media industries.
In a YouTube special, the HBO comedian marvels at the commentary he incites. It's already received some erudite comments.
Following surprise spot check of Microsoft offices in the country last month, China raises new questions about the company's sales and distribution policy.
Everyone is dousing themselves with buckets of cold water for charity. But should the Galaxy S5 be doing it too?
An ekoskelton-style device provides factory workers with a place to sit whenever they need it, no chair required.
Create tidy, actionable to-do lists by copying a block of text and pasting into this simple, straightforward app.
Electrical currents generated from sweat could someday be a way to charge your phone while burning calories.


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Baby formula supply chain woes remain a concern for some Vt. parents
BURLINGTON, Vt. (WCAX) - There has been a nationwide shortage of baby formula since February caused by quality control problems at a major plant in Michigan. Vermont health officials say shelves are filling up again but for some parents, the struggle continues.
“I have a medically complex two-year-old who doesn’t rely on formula as his main source of nutrition but it is a substantial part of his daily nutritional intake,” said Anna McGee Hanson of mother from Belmont. whose son has special needs.
She gets her formula through WIC and was able to get it for her son just fine up until recently. “It is back-ordered. It’s the Similac brand, so they were no longer to get that one. He then, unfortunately, had an allergic reaction to one they did have. Then, we went to get a new one and that one was back-ordered. So, now we are working on getting another one,” McGee Hanson said.
She says other mothers she knows have been seeing formula coming back on store shelves but some have resorted to other methods. “Some of my friends who have younger babies have chosen to keep pumping or breastfeeding longer than they really had the energy for because they just weren’t sure they would be able to find the formula to feed their kids,” McGee Hanson said.
While generic brands are helping keep store shelves full, getting soy-free formula or brands for sensitive babies is still a struggle. Parents are urged to talk to their pediatricians. “I always tell families to contact their baby’s doctor first, or if they are using WIC, to contact WIC. They have nutritionists there that are available to answer questions about what would be a suitable replacement, and what’s not a suitable replacement,” said Michelle Shepard with the UVM Medical Center.
“Domestically produced infant formula stocks have been recovering, supplemented by those imported infant formulas that have been coming into the country. Food and pharmacy retailers really have been able to improve their supply chains,” said Jackie Charnley, Vermont’s WIC nutrition coordinator.
Copyright 2022 WCAX. All rights reserved.


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In a drastic turn of events, Adani Group owned by Gautam Adani has decided to cancel its follow-on Public Offer (FPO), a few hours after it got fully subscribed. In a press release uploaded on the official website Adani Enterprises, the company announced that board of directors have decided not to go-ahead with the fully subscribed Follow-on Public Offer (FPO).
According to the press release, the company decided to cancel its FPO in order to protect investor community from negative impacts of current market uncertainties and volatility. Adani Group will be returning proceeds of FPO to the investors, thus withdrawing the completed transactions.
Gautam Adani, chairman of Adani Enterprises Ltd said in the press statement that the interest of investors is paramount. Therefore, the board decided to cancel FPO to insulate the investor community from any potential financial losses. Mr. Adani reiterated that Adani Group’s balance sheets are healthy with strong cashflows and secure assets. He also said that the decision to cancel FPO will not have any impact on the existing operations and plans of the multinational conglomerate.
Few days ago, American stock market research group Hindenburg Research had released a report claiming that Gautam Adani has built his business empire using unaccounted money, malpractices, and fraud. Soon after the report got released, stocks of publicly listed companies under Adani Group suffered huge losses in the market.
Both the conglomerate and Gautam Adani himself lost billions of dollars in the stock crash. Reports suggest that publicly listed companies under Adani Group has suffered total stock losses of nearly 86 billion dollars since the release of Hindenburg Report. Various investment institutions and retail investors also suffered huge notional losses.
Adani Enterprises FPO amidst Hindenburg report
The report of Hindenburg Research got published just few days before the beginning of Adani Enterprises stock FPO. Despite calls of detailed investigation into the transactions of Adani Group, FPO bidding process happened as usual from Jan 27, 2023 10.00 A.M. to Jan 31, 2023 5.00 P.M.
Even though only a small portion of stock offer got subscribed in first day of FPO, significant investments by foreign institutional investors and various businesses houses in India helped Adani Group successfully complete the FPO with full subscription. International Holding Company (IHC) based in Abu Dhabi decided to invest nearly 400 million dollars in the company. The support provided by IHC encouraged other investment institutions to pump money into the follow on public offer of Adani Enterprises.


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Tomahawk, WI 02/07/2014 (BasicsMedia) – It is strange to imagine that no matter what J.C. Penney Company Inc (NYSE:JCP) tries to do, nothing seems to work well for long. All the efforts that the company pouts in to change its current dire financial situation, which has gone on for close to three years, are not producing e sort of results that it needs. Investors believe that the company y is only good at burning their money, and not many are willing to increase their investments in JCP. When the company recently announced its fourth quarter 2013 financial results, it was evident that it had reported a 2 percent increase in earnings, although analysts consider this insignificant.
No matter what happens where J.C. Penney Company Inc (NYSE:JCP) is concerned, it cannot be faulted for lack of efforts. The company ahs put in a lot of work to see a reversal in its financial condition, and win back investors confidence that it lost when it started enduring these tough times. During the just-ended holiday season, JCP saw an increase in its sales between November and December 2013. What is disappointing, is the fact that the company has not reported the sort of trajectory where growth and improved performance in terms of sales is concerned. Such minor details and seemingly insignificant information are important to investors, who JCP cannot afford to ignore any more.
In terms of e-commerce, the company reported 26.3 percent growth between November and December 2013, which is another positive development and change, although not to the extent or level that was expected of J.C. Penney Company Inc (NYSE:JCP). The company has reached a stage where it does not need to make small steps of development and better financial reports. It is past that stage, and all it needs now are major changes in its business operations. It is good to notice a few things that the company is doing well. Some of these include positively solid increases in sales figures for sweaters, beauty products, dresses, outerwear, men’s clothing, boots, house wares, and luggage.
Although the company’s sales figures for November and December appeared to have witnessed an upsurge, no matter how insignificant, a close comparison with past amounts during the same period indicates that this was not worth celebrating. If you compare the figures posted during the recent period and those done in the previous years, you then notice that the company experienced a drop. There was a slight change in January 2014 compared to the figures posted in December 2013, although it was too little to be of much impact. JCP now needs to take a proper and in-depth valuation of its assets to see if it has what is needed for a major turnaround.
Piecemeal and sporadic good or better-than-expected financial results will not be of much help to J.C. Penney Company Inc (NYSE:JCP). The company has reached a point where investors need to see serous inputs that will lead to major financial changes to solicit the kind of response that it currently needs to remain viable. JCP has a small window of opportunity that it must utilize if it hopes to turn the ship around and propel it towards profitability. Based on what is currently happening within J.C. Penney Company Inc (NYSE:JCP), the company will probably experience liquidity problems before the end of third quarter 2014. If it has to act, it must do so within a very short span of time.


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If your taste says Prada but your wallet says Primark then we have fabulous news for you- Balmain will be H&M‘s next guest collaboration.
Rousteing was flanked by Jourdan Dunn and Kendall Jenner (members of the #BalmainArmy) to announce the collab, exclusively revealing the first pieces of the collection.
“I want to talk to my generation: this is my main aim as a designer. H&M allows me the unique possibility of bringing everyone into the world of Balmain, get a piece of the dream and create a global #HMBalmaination: a movement of togetherness, fuelled on a hashtag. The collaboration felt extremely natural to me: H&M is a brand that everybody connects to. It calls for unity, and I am all for it,” says Olivier Rousteing.
The #HMBalmaination collection will be available from 5th November 2015 and include menswear, womenswear and accessories.
Words: Bella Rox