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If you’ve gone to a baseball game, concert, or play in recent years — possibly any live event you have attended — you’ve probably bought a ticket online.
The annual market for digital tickets sold is estimated at many billions of dollars. But with the rise of digitized sales, new problems have emerged. Scammers and scalpers have warped the way live events are able to curate an audience, for example.
In the middle of this digital storm, Boston-based True Tickets was born.
“What’s broken in ticketing, specifically, is the delivery part of the journey,” said CEO Matt Zarracina. “For the longest time it was all about just getting the tickets sold.”
What the industry realized, because of the resale market and frequent digital ticket fraud, is that there’s “a ton of value that’s essentially being lost,” he said.
True Tickets, founded in 2017, is helping event organizers keep better track of the identity of their ticket buyers and prevent scammers from selling fraudulent tickets. The moment you buy the ticket on a website that uses the service, True Tickets takes over custody of the ticket.
The company tackles fraud using myriad techniques, such as issuing tickets with dynamic screens or blocking off access to the ticket until a specific time before the event. This prevents scammers from selling counterfeit tickets, or selling the same ticket to multiple buyers.
“What we do in ticketing is work to establish trust,” Zarracina said. “Trust in ticketing is two things. One is identity: Who has that ticket? And the second one is accountability: Are they adhering to the terms and conditions?”
The company’s technology also tries to solve a huge problem in online digital sales: large volumes of tickets bought by people who upsell them for a profit in the ticket resale market. This isn’t necessarily illegal, but it hurts event organizers who can’t make money off those sales and customers who unfairly pay for an overpriced ticket.
True Tickets’ software allows event organizers to track the ownership and number of tickets purchased by any buyer and can cancel large orders after confirming it’s not all for one party. The company also has rules and limits on how many times a ticket can be transferred to another person.
The company is still small, with 13 fully remote employees. But it seems to be gaining traction. True Tickets passed the 5 million ticket delivery mark a few weeks ago and said it has triple-digit percentage growth in annual revenue since 2020. Its service is used by 24 live venues in the United Kingdom, United States, and Canada, and its biggest client is the Boston Symphony Orchestra.
True Tickets is also trying to help the live event industry compete better with online entertainment such as Netflix, Hulu, and other streaming services.
For Netflix, say, collecting data on users from their location, the kind of shows they like to watch, and how many hours they spend on the app, is much easier than it is for a live venue. That data helps streaming companies draw in a larger customer base and tailor their services for existing users.
“The majority of live experience organizers ... know almost a third of their actual audience,” Zarracina said. “How are you going to compete against Amazon, Facebook, Netflix, Marriott, Delta, if you maybe know 1 out of 3 people coming in your door?”
To tackle this problem, True Tickets allows live event hosts to carefully track whose hands their tickets end up in. This allows venues to gather data on their event attendees and adjust future marketing strategies.
“Those who are creating those experiences, those who are taking the risks of putting on those performances,” Zarracina explained, “are now able to better monetize them.”
Amy Aldrich, director of patron experience at the Boston Symphony Orchestra, said that True Tickets is at the forefront of such technological advances.
“The BSO loves True Tickets,” she said. “They are affording us the ability to provide a fantastic digital solution for our ticketing.”
This story was updated to remove a reference to blockchain technology, which the company’s software initially used but does not currently use.


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Cargo association recognizes American for outstanding express cargo service for second consecutive year
FORT WORTH, Texas – American Airlines is proud to announce that it has received the 2017 Express Cargo Service Standard of Excellence award for the second year in a row from the Express Delivery & Logistics Association (XLA). The award recognizes excellent performance servicing the express cargo industry.
XLA is a trade association for companies engaged in providing and procuring services within the global air express mail and logistics industry. Each year, XLA surveys its approximately 50 member companies about their experience on all facets of their express cargo experience with various airlines. Members are asked to rate airlines based on their general express cargo performance, services and products—like American’s Priority Parcel Service (PPS)—as well as on specific categories that include on-time performance and next flight out (NFO) availability, communications, customer service, recovery experience, web and technology, cold chain and other factors.
In announcing the Standard of Excellence award, XLA noted that its members found that American Airlines Cargo “met and surpassed the high performance standards” required for the award.
“We are particularly proud of this award because it comes from XLA members who are an important part of our customer base,” said Roger Samways, VP Sales, American Airlines Cargo. “Thank you to the XLA membership for recognizing our hard work, and thank you to the entire American Airlines Cargo team for your incredible performance in 2017 and every year.”
With new and ongoing investments in technology and process improvements, American remains focused on caring for its gold-medal team.

domain: news


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Yanal Barmawi, spokesperson of the
This increase, he said, is to meet the rising demand for bread caused by the presence of more than 1 million Syrians in
But a FAO report, a copy of which was sent to The
The report added that following the price hikes of 2007-08,
Barmawi said Syrians and other non-Jordanians residing the country benefit from the government's flour subsidy.
One tonne of flour costs the government JD330, but it sells it to bakeries for JD32, the spokesperson said.
FAO confirmed that despite the budget deficit and the increased presence of Syrian and Iraqi refugees in
Official figures estimate that more than 600,000 Syrians have sought refuge in
There is a similar number of Syrians living in the Kingdom who are not registered as refugees. Authorities put the overall number of Syrians in the Kingdom at around 1.3 million.
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Powertech Labs has joined a new collaborative project to deploy electric vehicle (EV) charging stations throughout the rural Kootenays Region of British Columbia. “Accelerate Kootenays” is Canada’s first community-driven collaborative strategy to promote the adoption of EVs in a rural context. Powertech will oversee operations and maintenance for the charging stations, as well as provide technical expertise for site design.
SURREY, BC, Canada – April 10, 2017 —
Powertech Labs has joined a new collaborative project to deploy 50 electric vehicle (EV) charging stations throughout British Columbia’s rural Kootenays Region.
The project, called “Accelerate Kootenays,” is Canada’s first community-driven collaborative strategy to promote the adoption of EVs in a rural context. The project was made possible through an innovative collaboration between local, provincial, and federal governments and regional partners.
The charging stations will be installed, owned, and operated through a partnership between Powertech, BC Hydro, and FortisBC. Powertech will oversee operations and maintenance, as well as provide technical expertise for site design. BC Hydro and FortisBC will own the charging stations.
A special event was held April 6, 2017 to officially launch the project and to celebrate the opening of the first direct current (DC) fast charging station in Cranbrook, B.C.
Speaking at the event, Raymond Lings, president and CEO of Powertech Labs, noted, “This partnership represents an innovative approach to advancing an electric vehicle charging network in a region with mountain ranges, extreme weather, and long distances between communities. The project will demonstrate a replicable solution for deploying electric vehicle technology in a rural context, and we are pleased to be involved.”
At the launch event, Lings was joined by other key players in the partnership, including Hon. Bill Bennett, Minister of Energy and Mines and Kootenay East MLA, and Diane Tammen, BCHydro East Kootenay Community Energy Manager.
Timetable for Station Deployment
Over the next two years, the project will facilitate the installation of 10 fast charging stations and 40 level 2 charging stations across the region, along with a marketing initiative to promote EV tourism. Fast charging stations allow vehicles to charge from 0% to 80% in approximately 20 minutes, and level 2 charging stations take four to six hours for an 80% charge.
Fast charging stations are critical infrastructure to allow EV drivers to travel through the Kootenay region, which is the source for 50% of B.C.’s hydroelectric power. The new stations are expected to be installed by March 2019 and will connect communities from Sparwood to Greenwood, Revelstoke to Field, and all communities in between.
The launch of the Accelerate Kootenays project follows an announcement in February by the provincial government to invest an additional $40 million to support the transition to clean energy vehicles through the Clean Energy Vehicle Program.
BC Hydro’s Support for EVs
Since 2009, BCHydro has been exploring the potential impact of EVs on the electric grid as well as ways to remove barriers to their adoption in B.C. Work completed to date includes the deployment of 31 DC fast charging stations across the province, which makes intercity EV travel a practical alternative.
As part of Module 2 of the utility’s Rate Design Application, BCHydro is evaluating rate structures that will help EV owners save money by shifting vehicle charging to off-peak hours. The utility will continue to provide public charging options to customers who don’t have access to charging facilities at home or at work, and also investigate further expansion of the DC fast charging network to increase the number of driving routes possible for EV owners.
Powertech’s EV Services for British Columbia
Powertech Labs supports the rapidly expanding EV market by providing engineering and consulting services to local and global clientele. We are leading experts in all aspects of EV technologies—from infrastructure and smart grid integration, to fleet deployments and component testing. Powertech offers customized EV solutions including: turnkey infrastructure deployments, consulting services, fleet management and optimization, data collection and analytics engineering services, and industrial design.
Powertech has pioneered the development of EV infrastructure by implementing numerous EV charging installations throughout the British Columbia lower mainland. We have partnered with local businesses and government agencies to create a network of charging stations that make it convenient, reliable, and easy to power your EV.
For more information contact:
Alec Tsang – 604.616.8557
Manager, Electric Vehicle Infrastructure and Services


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COVID-19 scammers are using data-breach fears to get information from Canadians
Posted September 1, 2020
- Scott Jones, the head of the Canadian Centre for Cyber Security, said criminals are using “far more effective” lures to convince Canadians to hand over personal and sensitive information, like banking credentials.
- Jones told the Star that while early in the pandemic scammers were targeting Canadians with offers of supplies like masks and hand sanitizer, they’re now capitalizing on some high-profile data breaches and suggesting to their marks their information has already been compromised.
NIAGARA FALLS REVIEW – Alex Boutilier | September 1, 2020


text: BJ's Wholesale Club Holdings Inc. /zigman2/quotes/203668982/composite BJ -0.63% said Friday that it will start doing worker temperature checks at all locations in the coming weeks, joining Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +0.24% and Walmart Inc. /zigman2/quotes/207374728/composite WMT -0.38% , which also have the policy in place. BJ's will also make masks and gloves available to staff who want to wear them. And starting Saturday, April 4, the retailer will limit the number of customers in one of its warehouses at one time to 20% of capacity. When possible, BJ's will ask that one person per household shop in the club to promote social distancing. BJ's will be closed on April 12, Easter Sunday. BJ's stock is up 14.3% for the year to date, but down 7.3% over the last 12 months. The S&p 500 index /zigman2/quotes/210599714/realtime SPX +1.36% is down 13.4% for the past year.


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Bitcoin rallies to $10,000 just a few days before halving. It takes another 100% to the all-time high. Until the summer.
8 Sep 2019.
It's one of the enduring mysteries of modern times, a riddle for the digital age, who created the cryptocurrency known as Bitcoin? After its.
After trading around $9,700 for most of Thursday afternoon, Bitcoin attempted to rally towards $10,000 for the second time on.
Bitcoin Coinbase Fees Cryptocurrencies like Bitcoin can be rather confusing, but they don’t need to be. Getting your hands on Bitcoin today is far. For example, if you are in the United States and wish to purchase $100 of bitcoin and pay with a US bank account or your USD Wallet, the flat fee would be. US-based crypto
Well many of us actually fail to understand the use of bitcoin and without even having any idea, we consider it to be just.
Time has tremendously changed. The traditional methods of making money are being replaced by other means. People nowadays.
Bitcoin (afkorting BTC) is een cryptovaluta en een globaal betaalmiddel (als.
Bitcoin door Satoshi Nakamoto (pseudoniem van een onbekende persoon of.
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men.
Its vocal support for a Bitcoin hard fork (Bitcoin Cash) in 2017, following contentious community disagreement, won the.


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Streetlights that charge electric cars arrive in California city
Green Car Reports
JULY 9, 2017
California plug-in cars charging Charging station charging infrastructureAs the market for electric vehicles continues to grow, electric-car infrastructure will need to keep up with the growing population of them. To solve the problem, companies are looking at a variety of new and innovative ways to charge more cars without actually taking up more space. Enter the ebee Smart Technologies streetlight charging.


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Line of tablets Huawei MediaPad T2 Pro will replenish the 8-inch model
According to who publishes the source, a tablet computer Huawei MediaPad M3 8.4 is not the only new Huawei at the IFA exhibition in 2016: the company is also preparing a lineup T2 MediaPad Pro includes an 8-inch model that has already passed the certification testing of Wi-Fi Alliance and FCC.
It is reported that the screen resolution MediaPad T2 8.0 Pro is 1920 x 1200 pixels, and the tablet is built on a single-chip platform Qualcomm Snapdragon 615 (MSM8939) OCTA-core processor. Also in the device configuration camera resolution 2 and 8 megapixels, battery capacity of 4650 mAh, adapter Wi-Fi 802.11 ac. It is not excluded that MediaPad T2 8.0 Pro will receive fingerprint sensor.


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Companies offering anonymous Web browsing and communication services are seeing a huge increase in business since recent news leaks about the U.S. National Security Agency's mass data collection and surveillance activities.
The U.S. Congress should press for privacy protections and more information about surveillance programs at the U.S. National Security Agency, some technology and civil liberties activists said Friday.
The U.S. needs consistent rules for how law enforcement agencies can access the ever-growing collection of location-based data from mobile devices, a U.S. senator said Wednesday.
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GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.


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Sugar succumbs to profit-booking in futures trade
Amid profit-booking by speculators and ample supplies in the spot market, sugar futures prices today fell by Rs 10 to trade lower at Rs 2,948 per quintal as speculators.
However, the government's decision to partially decontrol the sugar sector, limited the fall.
At the National Commodity and Derivatives Exchange, sugar for delivery in May traded Rs 10, or 0.34 per cent, lower at Rs 2,948 per quintal, with an open interest of 49,720 lots.
The sweetener for delivery in April also fell Rs 7, or 0.24 per cent to Rs 2,894 per quintal after rising to Rs 2,894 in an open interest of 9,680 lots.
Marketmen attributed fall in sugar prices at futures trade to profit-taking by participants after recent gains on the back of partial decontrol of the sugar sector by the government.
In a major reform, the government last week had partially decontrolled the Rs 80,000-crore sugar sector by giving freedom to millers to sell in the open market and removed their obligation to supply the sweetener at subsidised rates to ration shops.
Tata Power faults Reliance Infra’s tariff proposal
The turf battle between the two private sector electricity distributors (discoms) in Mumbai has intensified with Tata Power accusing Reliance Infrastructure of misleading the public and resorting to backdoor tactics to inflate tariff.
Tata Power has already launched a customer acquisition campaign to woo customers to its network. In the last three months, the company said it has got 26,536 customers to switch over to its network and claimed that it has a further 15,000 applications seeking to shift.
Soyameal exports slide by 12% in FY13
Soyameal exports from the country fell by over 12 per cent to 34.33 lakh tonnes in the 2012-13 fiscal on sluggish supply of soybean, while shipments to Iran grew exceptionally, an industry body SOPA said. Soyameal exports stood at 39.14 lakh tonnes in the year-ago period, it added.
“...export of soyameal suffered during the second quarter due to poor availability of soyabean and acorresponding corresponding lower crushing,” the Soybean Processors Association of India (SOPA) said in a statement.
Maximum exports of soyameal were to Iran at 8,38,454 tonnes, followed by Japan at 6,00,021 tonnes and France 2,81,255 tonnes during 2012-13 fiscal, it said.
Soyameal is is mainly used as animal feed. It is made out of soyabean. Soyabean production in the country is estimated to be higher at 12.95 million tonnes in 2012-13 crop year (July-June), as per the Agriculture Ministry forecast.
Wheat remains weak on supply pressure
Wheat remained weak for the second straight day and prices fell by another Rs 20 per quintal on the wholesale grains market on Saturday on adequate supplies following arrivals of new crop from some producing belts.
However, other grains traded in a tight range in restricted buying and closed at previous levels. Marketmen said supply pressure due to arrivals of new crop from some growing regions mainly kept pressure on wheat prices.
In the national capital, wheat dara (for mills) fell further by Rs 20 to Rs 1,520-1,525 per quintal. Atta chakki delivery followed suit and traded lower by the same margin to Rs 1,525-1,530 per 90 kg.
The following are today’s quotations per quintal: Wheat MP (deshi) 2,060-2,260, Wheat dara (for mills) 1,520-1,525, Chakki atta (delivery) 1,525-1,530, Atta Rajdhani (10 kg) 210, Shakti bhog (10 kg) 210, Roller flour mill 800-820 (50 kg), Maida 850-880 (50 kg) and Sooji 960-990 (50kg).
Basmati rice (Lal Quila) 10,000, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 7,800-7,900, Rice Pusa-(1121) new 7,300-7,900, Permal raw 2,250-2,300, Permal wand 2,450-2,550, Sela 3,500-3,600 and Rice IR-8 1,800-1,850.
Bajra 1,440-1,445, Jowar yellow 1,500-1,550, white 2,250-2,450, Maize 1,500-1,510, Barley 1,380-1,400, Rajasthan 1,080-1,090.
Spot coking coal on sluggish Chinese buying
Tailspin continued unabated in coking coal market. As usual China played the key role in tilting the market sentiments as its appetite ebbed on slow steel demand and plummeting price.
Chinese mills are struggling with high inventory levels. In a bid to retrieve the damage production pruning is obvious recourse. Daily crude steel production has declined by 1% from early March to 2.0637 million tonne. Decline in domestic average daily crude steel production was primarily a result of major steelmakers arranging overhauls amid deteriorating profitability caused by high raw material prices and low finished demand.
Coking coal inventory bloated in backlash obviating the need to indulge in buying with liquidation of existing stock gaining primacy.
Spot coking coal price levels remained about USD 20 per tonne below the Q2 price of USD 172 per tonne, FOB. Sense of diffidence gripped the miners as they shyied from making any offers rather waiting for bids to decide transaction levels.
Situation is unlikely to improve in the short run with Chinese steel prices showing no sign of turnaround.
Steel Spot Transaction Center opens in Dalian
The Dalian Port Steel Spot Transaction Center embraced its opening ceremony on Nov 21. Mr Sun Guangtian deputy mayor of Dalian, attended the ceremony.
New Business reported that the center, run by Dalian Port Co's wholly-owned subsidiary, Dalian Port Steel Trade Service Co, is a new steel spot transaction platform. Based on resources provided by the Port of Dalian and the Northeast Asia Spot Commodity Exchange, the center aims to facilitate the development of the steel trade logistics industry in the city.
The center will provide services such as financing, transaction and settlement, storage, and supporting processing and logistics distribution. It will also serve as an electronic trading platform.
Dalian Port Group aims to build it into a steel trade and logistics distribution center that changes the traditional steel spot transaction model in Northeast China and greater Northeast Asia.
It will help the Port of Dalian shift its focus on loading and unloading to logistics, trade and industries.
Chinese steel traders suffer due to current trading model
At 11th International Steel Market and Trade Conference held in the southern Chinese city of Guangzhou, Zhang Jinghua, the vice president of Beijing-based state-owned Sinosteel Corporation, stated that China’s steel trading sector is currently characterized by fierce competition with over 200,000 steel trading enterprises competing together in the sector.
He went on to state that in Japan the steel trading model is different from that in China. 80 to 90% of steel produced by Japanese steelmakers is sold via Japanese steel trading companies, adding that the Japanese traders also contribute to the development of products and markets, in addition to selling products, instead of just purchasing at lower prices and selling at higher prices as in China. Japanese steel trading companies earn commission charges instead of just the profit they can make on sales, and so they do not have to bear high price risks in the steel market.
In China, on the other hand, Mr. Zhang said that steelmakers and steel traders are more like competitors as steel traders bear by themselves the responsibility for distribution and they have to pay in advance in order to book materials. Rapid price changes give rise to high risks, and sometimes the steel traders’ booking prices may be higher than their selling prices in the spot market. In 2012, many steel traders exaggerated their sales figures, which eventually caused banks to set higher qualification thresholds for steel trading companies looking for loans. This had a serious impact on credit availability in the steel trading sector, causing a number of steel traders to go bankrupt or incur huge losses.
Several steel traders at the conference told SteelOrbis that they have concerns about the situation in the steel trading sector and that they expect a better model to be developed instead of having to survive just on earnings on the difference between their purchase prices and sales prices. They also said the higher prices of booking steel supplies at present mean that they are currently going through a difficult time.


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After the onset of the COVID-19 pandemic, the online retail in Turkey experienced significant growth from 2019 to 2020. The overall online sales value increased by over 65% between 2019 and 2020. In addition, the retail sales in Turkey accounted for over half of total E-Commerce sales in 2020. The B2C E-Commerce market in Turkey was forecasted to surpass the 400 billion euros in 2021 and grow twofold in 2022, which confirms the trend toward online shopping adoption in the country. Namely, the share of customers shopping online in total Turkish population increased by 7.8 p.p. from Q1 2020 to reach nearly 45% in Q1 2021. Another remarkable detail is that Turkey was projected to have the most rapid compound annual growth rate between 2020 and 2024 in E-Commerce sales, compared to other major markets in the world.
Furthermore, mobile commerce in Turkey is booming with the significant share of online shoppers in the country opting to make purchases through a mobile device. In the first half of 2021, mobile platform accounted for nearly 3 in 5 of online sales in Turkey, with Web sales responsible for the remainder. Moreover, over a half of Internet users surveyed in Q3 2020, made an online purchase using a mobile device. The weekly hours spent on shopping apps in Turkey increased by more than 30% during the December 27th week in 2020 compared to the similar week in 2019. The most common product category shopped online for in the country was “clothes, shoes and accessories” in Q1 2021, followed by deliveries from restaurants, fast-food chains, catering services and food or beverages from stores or from meal-kits providers.


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IoT galore with the smart radiator valve
French company Netatmo has launched the latest addition to the smart home – an IoT-enabled radiator valve. The product is claimed to help users to make major savings – up to 37% – on the energy they use to heat their homes by controlling heat on a room-by-room basis. Netatmo, which has previously launched products including smart security cameras and indoor climate monitors, said the new Smart Valve can be fitted on any hot-water radiator and then set a heating schedule for each room based on the habits of their occupants. Users can then customise the temperature of each room in the house from an app.


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Earlier in the Day:
Theeconomic calendarwas on the busier side through the Asian session this morning.
Key stats included March trade figures out of New Zealand, April inflation, retail sales and industrial production figures out of Japan. For the Aussie Dollar, wholesale inflation numbers were released.
For the Kiwi Dollar,
According to NZStats, the annual trade deficit narrowed from NZ$6,620m to NZ$5,620m in March. Rising exports and a fall in imports led to better than forecasted trade figures.
- Exports hit a record high in March, rising by NZ$899m (19%) to NZ5.7bn. Higher exports of dairy, meat and forestry products, from China, in particular, drove exports.
- In contrast, the total value of imports fell by NZ$174m (-3.5%) to NZ$4.8bn.
- The monthly trade surplus widened from NZ$12m to NZ$922m in March, the highest since April 2011.
- While the monthly trade surplus hit an 8-year high, the annual trade deficit of NZ$5,620m remains at high levels.
The Kiwi Dollar moved from $0.66327 to $0.66340 upon release of the figures. At the time of writing, Kiwi Dollar was up 0.23% to $0.6641 for the session.
For the Japanese Yen,
Tokyo core consumer prices rose by 1.3% in April, which was better than a forecasted and March 1.1% increase.
According to figures released by the Ministry of Internal Affairs and Communication,
- Rising prices for fuel, light and water charges (+6.4%), furniture and household utensils (+3.2%) and culture and recreation (+2.6%) contributed to the pickup in inflationary pressure.
- A 0.5% fall in prices for transportation and communication was the only negative number in April.
- Also dragging on inflation was a 0.5% rise in prices for housing, a 0.7% rise in prices for education and a 0.8% rise in prices medical care.
Retail sales rose by 1%, coming in ahead of a forecasted 0.8% increase. In February, retail sales rose by 0.6%. The figures were released by the Ministry of Economy, Trade and Industry.
Industrial production fell by 0.9% in March, according to prelim figures released by Ministry of Economy, Trade and Industry,
- Industries that mainly contributed to the decrease were: Motor vehicles; production machinery; and fabricated metals.
- Industries that mainly contributed to an increase were: Electronic parts and devices; general-purpose and business-oriented machinery; and inorganic and organic metals.
The Japanese Yen moved from ¥111.555 to ¥111.510 upon release of the figures. At the time of writing, the Japanese Yen was flat at ¥111.63 against the U.S Dollar
For the Aussie Dollar,
Wholesale prices rose by 0.4% in the 1st quarter from the 4th quarter. While in line with forecasts, inflation softened from 0.5% in the 4th quarter. The annual rate of wholesale inflation stood at 1.9%, reflecting a softening in factory gate prices from the 4th quarter of 2018. Forecasts were for wholesale inflation to hold steady at 2%.
According to figures released by the ABS,
- The 0.4% increase was attributed to an increase in prices received for: Other agriculture (+10.3%); heavy and civil engineering construction (+0.4%) and tertiary education (+1.7%).
- Partially offsetting were falls in prices for Petroleum refining and petroleum fuel manufacturing (-3.1%); accommodation (-2.8%) and pharmaceutical and medical product manufacturing (-1.9%).
The Aussie Dollar moved from $0.70231 to $0.70171 upon release of the figures. At the time of writing, the Aussie Dollar was up 0.11% to $0.7023.
The Day Ahead:
For the EUR,
France’s jobseeker figures are the only stats due out of the Eurozone. The stats are unlikely to have a material impact on the EUR.
Market risk sentiment will continue to be the key driver, with recent economic data suggesting that ECB is likely to remain on the more dovish side near-term.
On the corporate earnings front, Deutsche Bank and Daimler are due to release earnings later this morning. Disappointing numbers could add further pressure on to the EUR.
At the time of writing, the EUR was up 0.04% at $1.1136.
For the Pound,
Mortgage approvals due out of the UK will unlikely have an impact on the Pound. The focus will remain on Parliament and Brexit, which continues to fuel uncertainty over what lies ahead.
At the time of writing, the Pound was up 0.03% to $1.2903.
Across the Pond,
1st quarter GDP numbers and finalized consumer sentiment figures are due out of the U.S.
The GDP numbers are not only expected to, reflect the effects of the extended government shutdown, but also the ongoing trade war with China.
Outside of the stats, U.S corporate earnings will also be in focus. Key earnings results include those for Chevron Corp. and Exxon Mobil Corp.
At the time of writing, the Dollar Spot Index was down by 0.06% to 98.147.
For the Loonie,
There are no material stats due out this afternoon, leaving the Loonie in the hands of crude oil prices and risk sentiment.
The Loonie was up 0.03% at C$1.3481, against the U.S Dollar, at the time of writing.
This article was originally posted on FX Empire
More From FXEMPIRE:
- Crude Oil Price Forecast – Crude oil markets fall again
- US Stock Markets Could Rally Beyond Expectations
- S&P 500 Price Forecast – Stock markets get hit
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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The South Korea automaker announced plans for a $ 410 million investment in the Montgomery, Alabama assembly plant on Wednesday, a move marking Hyundai's first dive into the compact pickup market. On the whole, there is a small part of the truck segment that other manufacturers have ignored in recent years.
From 2021, Hyundai Motor Manufacturing Alabama (HMMA) will add the Santa Cruz pickup to its growing portfolio of US-made vehicles. At the same factory, Hyundai is currently producing its Santa Fe SUV, as well as two sedans, Elantra and Sonata.
"Bringing Santa Cruz to HMMA shows that Hyundai Motor Company is convinced that our more than 3,000 team members are ready to build a quality transition for the US market," said Hyundai Motor Manufacturing Alabama president and CEO Byungjin Jin. [1
Unfortunately, Hyundai has not shown us another image of what it envisages Santa Cruz to be. The brand says it is actively targeting a "new generation of buyers, especially Millennials." Perhaps the end product will be quite close to the ultra-modern concept it debuted, hopefully including the razor-sharp edges and lively accents as well.  You may also find it interesting that Hyundai didn't use words a "pickup" in its official press release – at all. It has actually avoided that concept for a while, and historically called the concept a "crossover truck" and "compact utility vehicle." We are not sure if Hyundai is trying to avoid backlash from purists on bodies that condemn the viability of the vehicle or whether it hopes to open the market to otherwise non-truck buyers.
Regardless, we are excited that a new compact pickup option will be coming to American consumers in the near future.


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Region’s economy growing, but slowly
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Op/ed: Rose Bowl is the kick-off to résumé season
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Editorial: The perils of a declining Golden State population
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Economist Chris Thornberg said tourism and consumer spending are driving San Luis Obispo County’s recovery. But don’t expect large jobs gains for at least the next two years. Speaking at the Central Coast Economic Forecast in Paso Robles on June 7, the Beacon Economics founding partner said he expects the county’s total employment to be Read More →
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The Tri-Counties is among the most affected regions as California suffers from a statewide physician shortage that’s expected to become more critical as the years go by. In the epicenter of the crisis are the cities of Santa Barbara and Lompoc, which are both having trouble attracting and retaining primary care physicians — but for Read More →


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There appears to be some discrepancy about whether Disney or Activision is currently leading in the toy-to-life department of the games industry.
Disney has released a statement that claims that Disney Infinity and its figures’ 16% increase in sales year-over-year helped it claim a 47 percent of the market share, effectively outselling its Skylanders competition.
Meanwhile, Activision is claiming this not to be true, stating that the Skylanders toys remain on top.
“Skylanders continues its leadership position as the #1 kids video game franchise globally as well as in the U.S. by wide margins. As a global franchise in 2014, Skylanders is 30% bigger than its nearest competitor. And Skylanders Trap Team outsold its nearest competitor globally by 17%,” Activision CEO Eric Hirshberg said. “As the creators of the ‘Toys to Life’ category, we are thrilled to continue to lead it for the third consecutive year.”
Where both franchises actually stand remains unclear at this point.


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BioGro New Zealand holiday opening hours for 2016.
Today MPI announced that products exported under its Official Organic Assurance Program (OOAP) gained access to the Chinese market.
In their first sustainability report, Kokako recognise that its near impossible to run a flawless business - environmentally, socially and economically - while sill being a financially sustainable enterprise. But they also know there's room to improve.
One weekend in Wellington. Two great events focused on authenticity, sustainability and engaging consumers.
Following a recent review of our fees, we have developed a more customised, consistent and fairer fee structure. The new fee structure reflects the time, effort and complexity involved with certifying business.
One of our BioGro auditors recently noticed a number of different uses of Nuron, a fruit bin sanitiser, during a number of kiwifruit packhouse surveillance audits.
This variability begs the question, what is BioGro’s position on the use of Nuron?
2015 saw the launch of the BioGro wine additions programme and in 2016 we’ve made it faster and easier to create, edit and get approval using our online tool. Wine additions need to be approved before vintage starts, so login to My Business to get instant approval for registered products.
BioGro’s renewal period for Input certification is in process. The renewals will be disseminated over the course of February.
Are you looking for a BioGro certified producer, product or supplier? We have two unique organic product searches on our website which can help you find what you need.
BioGro’s Registered Products Programme for wine additions officially kicked off this September in preparation for the upcoming 2016 vintage.
Cyclone Pam was one of the worst natural disasters to hit Vanuatu in recent memory. The provinces of Shefa and Tafea were the most severely impacted with the livelihoods of 200,000 people affected. There are still reports of not enough adequate food being accessible to local communities.
BioGro is partnering up with organisations in the Pacific to provide support and aid to Vanuatu's communities including six BioGro certified farmers.


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North Shore residents eat fewer fruits and vegetables than other Staten Islanders according to the Department of Health, which is licensing "green cart" vendors to bring more produce to the area.
The health department has just finished accepting applications for green carts that will open this year as part of the city's initiative to expand the number of fruit and vegetable vendors in neighborhoods that need them most.
Communities north of the Staten Island Expressway have the highest rates of diabetes and obesity in the borough. And in 2004, a health department study showed that more than 15 percent of North Shore residents had not eaten any fruit or vegetables in the 24 hours before they were surveyed.
The City Council voted in March with unanimous Island support to issue 1,000 new green cart permits citywide, to operate in targeted areas found to have limited access to greens and low fruit and vegetable consumption rates.
The North Shore will see 25 fruit vendors in 2008 and another 25 in 2009.
"The introduction of green carts into neighborhoods that lack significant access to fresh fruits and vegetables holds the promise of reversing some of the frightening trends in obesity and heart disease in these areas," said Diane Arneth, executive director of Community Health Action of Staten Island.
Ms. Arneth testified in support of the bill at City Hall, citing a 2004 City Limits study that found Staten Island had fewer grocery stores, farmer's markets and Community Supported Agriculture programs per capita than any other borough, while 138,283 Staten Islanders had more McDonalds than grocery stores in their Zip codes.
The disparity is even greater, she said, in the borough's poorer neighborhoods. While all of Staten Island was found to have 1.7 square feet of grocery space per resident, the figures for Zip codes 10301, 10303 and 10310 were 0.57, 0.85 and 0.66, respectively. Poor access to healthy foods could be a factor in health disparities found on the North Shore, she said, pointing to high rates of obesity and heart-disease hospitalization rates among residents of Stapleton, St. George and Port Richmond.
The most popular and requested items at Community Health Action's food pantry in Port Richmond, are fresh fruit, vegetables and meat, Ms. Arneth said.
Some grocers testified at the hearings opposing the initiative, and representatives voting against the bill said increased supply might not correlate with increased demand.
Vendors will sell raw, unprocessed fruits and vegetables such as whole carrots, apples, bananas and berries.
The city estimates the initiative will improve the health of at least 75,000 New Yorkers.
Low rates of produce consumption were also found along in communities north of Sea View Avenue.


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Names such as Soma, Wacoal, Komar, Commando and Journelle were part of the conversation. So was Walmart, Smart & Sexy Lingerie, trade show organizer Eurovet, a handful of students from New York’s Fashion Institute of Technology, bra model Dorothy Galligan, singer, songwriter Nona Hendryx and pop icon Cyndi Lauper, all of whom gather at the posh Midtown locale in their fanciest attire for the 62nd annual Femmy Awards.
Guests sipped prosecco, nippled on the three-course meal and listened to jazz as they gossiped about the bra and underwear industry. But not everyone admitted to being a fan of the innerwear world.
“I burnt my training bra when I was a young girl,” Lauper told WWD. “I didn’t wear bras for years. And then, as I started to perform onstage, I realized I was bouncing all over the place. I realized I needed one.” (These days she prefers Cosabella and Natori bras.)
“Every woman knows that the proper undergarment makes the outfit,” Lauper added. “And now all these men are coming up to me [at the event], telling me that they’ve been in ladies underwear for years.”
The singer came with her friend Hendryx, who emceed the event organized by the Underfashion Club, a nonprofit that supports all things in the intimates apparel industry. The Femmy Awards, perhaps the group’s biggest event of the year, honors outstanding companies and brands in the community.
This year’s honors went to Walmart for retailer of the year, Tommy John for brand of the year and Soma for best innovation. Galligan was recognized as industry icon and Robert Vitale, chief executive officer of Wacoal America, was given the Lifetime Achievement Award after four decades in the industry.
“What could be a greater honor than to be awarded for a lifetime of work by your peers?” said Vitale, who will officially leave his post as ceo of Wacoal America next month. (He’ll remain on the board of Lively, the direct-to-consumer brand Wacoal America acquired last summer.) “It’s really exciting and humbling,” Vitale said.
Husband-and-wife team and Tommy John cofounders Tom Patterson and Erin Fujimoto were dressed to the nines as they accepted their award. (But Fujimoto admitted to donning Tommy John loungewear earlier in the day.)
“I think it’s surreal to be recognized by the industry,” Fujimoto said. “It’s something that we did not expect as a brand. But it’s nice after nearly 12 years of work to be recognized. It really means a lot for a smaller brand like us.”
Berch Schultz, divisional merchandise manager of ladies intimate apparel at Walmart, flew in from Arkansas with his wife to accept Walmart’s award. Mary van Praag, president of Chico’s FAS’s intimates business, which includes Soma and the new direct-to-consumer brand TellTale, accepted Soma’s award for innovation.
“We’re thrilled to be here,” Praag said. “This industry is all about women. So we’re just happy to be honored and celebrating our great year with our team.”
Camille Block, executive vice president of the Underfashion Club, said about 650 people attended this year’s event, slightly less than last year because of the coronavirus in China.
“But the vibe is always happy,” Block said. “Everyone is excited to be here.”
The night included an impromptu vocal performance by Hendryx, Lauper and Guido Campello, co-ceo of Cosabella and co-owner of lingerie boutique Journelle. After dinner, guests danced to sounds by Ja-Tun and Kenny Simmons. Proceeds from the event go toward supporting scholarships, grants and internships for students aspiring to work in the intimates apparel industry.
In addition, FIT seniors majoring in intimates apparel competed in the 17th annual student design contest that same evening. Three students were awarded cash prizes.
“The intimate apparel industry is like no other industry,” said Commando founder Kerry O’Brien, who came down from her home base in Vermont for the Femmys and planned to stay for fashion week.
“We all, I really feel, have friendly competition,” O’Brien said. “We all like to see each other succeed, because the whole industry is changing so significantly in a very positive way. There’s more attention to this industry now more than ever and rightly so. It’s about time.”


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Aptly named, What You May Find, the FITC titles offer a dark and referential vision of a future in which technology and innovation are used to manipulate and homogenize humanity. Erin Sarofsky, who founded her design-driven production company in 2009, says her team was honored when FITC founder, Shawn Pucknell, asked them to create the titles.
TVs have changed so much since they were first introduced in the late 1920s, it’s hard to see much of a resemblance. These days, OLED (organic light emitting diode) TVs are the cutting-edge choice for those who want superior picture quality, color and contrast. But all OLED TVs are not created equal. That’s why VIZIO worked with London-based Found studio for the launch of the brand’s first OLED TV earlier this year.


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Taking your car into the dealership can be a bit of a hassle, but Ford is working to eliminate that problem by testing a new mobile maintenance and repair service.
Dubbed Ford Mobile Service, the pilot program will see technicians travel in vans to meet customers at their home, office or just about anywhere else. Once on site, technicians can perform a handful of basic maintenance and service procedures.
While the mobile service won’t be able to handle complex repairs, Ford says research has shown that people like the idea and some would even consider switching to Ford products “solely based on mobile service.”
The pilot program is currently underway in California and will soon expand to Florida, Illinois, New Jersey and Texas. If the program continues to be successful, it could be expanded even further in the future.
Mobile service isn’t the only thing Ford is working on as the company has introduced a new customer loyalty program called FordPass Rewards. Billed as the “most comprehensive loyalty rewards program in the industry,” FordPass Rewards will give customers points on purchases that can be used to redeem complimentary maintenance, parts and service. The points can even be used towards the purchase of another vehicle.
Also Read: Tesla Services Teslas With Custom Model S Mobile Maintenance Vehicles
Ford is aiming to improve the ownership experience in other ways such as streamlining the leasing process and opening a new call center in Texas. The latter will have a group of specialized employees who are solely dedicated to serving truck owners. Call center employees will be tied to a particular customer so owners won’t have to deal with multiple people or departments.
Ford is also revamping dealership showrooms with a “new retail look and experience” called Ford Signature. These modern dealerships will eschew traditional deal desks for so-called “purchase rooms” which have shared screens for dealership employees and customers. The dealerships will also have “celebration areas” for new vehicle deliveries and high-tech service centers with monitors showing prices and video of the service garage.


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IC insights has released supplier ranking in 2013 for non-IC semiconductor vendor ranking which includes optoelectronics, sensors/actuators and discrete semiconductor vendors.
IC insights finds weak Japanese yen hits major optoelectronics and discretes companies in Japan and lowers overall O-S-D dollar sales growth in 2013.
Below are some of the analysis points shared by IC insights:
The 30 largest O-S-D suppliers accounted for 66% of the total $58.6 billion in worldwide revenues generated by optoelectronics, sensor/actuator devices, and discretes in 2013
Optoelectronics sales grew 5% in 2013 to $29.2 billion, while the sensors/actuators segment was uncharacteristically flat with no growth last year at $8.7 billion, and the discretes market dropped 5% to $20.7 billion.
In 2013, the top 10 suppliers accounted for 34% of combined O-S-D sales (see Figure 1), but it is also worth noting that these companies collectively lost market share in 2013 with the sum of their revenues dropping 2%. Suppliers ranked 11-30th in IC Insights’ new report saw combined dollar sales grow 2% in 2013, while the rest of the smaller O-S-D companies collectively gained market share last year with a 2% increase in combined sales.
Combined revenues of the top 30 O-S-D companies were flat in 2013 compared to 2012 because of the weak Japanese yen-exchange rate that significantly lowered the dollar-sales value of products sold by semiconductor suppliers based in Japan. The average exchange rate in 2013 was 97.6 yen per U.S. dollar in 2013 versus 79.8 yen/dollar in 2012. Because Japanese companies continue to be major suppliers of O S D products worldwide—especially in optoelectronics and discretes—the 18% decline in the 2013 yen exchange rate significantly held down the growth of the entire O-S-D marketplace, when sales are measured in U.S. dollars. If the stronger 2012 yen exchange rate were used, total O-S-D dollar sales in 2013 would have grown 8% to nearly $52.6 billion instead of the 1% increase to $58.6 billion when the weaker 2013 yen value is applied.
If the stronger 2012 79.8 yen/dollar exchange rate was used in 2013, O-S-D leader Sony—who is the top image sensor supplier—would have recorded a 16% increase in sales to $4.4 billion (versus a 5% decline to about $3.6 billion shown in the table above). Other top 10 O-S-D suppliers headquartered in Japan would have seen these improvements in growth using the stronger 2012 exchange rate: LED-leader and major laser maker Nichia (+19% versus -2%); Toshiba (+18% versus -3%); Renesas (+5% versus 14%); Mitsubishi (+9% versus -10%); and Sharp (+15% versus -6%). Figure 2 shows these changes in the top 10 ranking, based on the analysis in the 2014 O-S-D report, which also provides separate top 10 sales rankings for optoelectronics, sensors/actuators, and discrete semiconductors.


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one of Turkey's most important national project "100 Percent Domestic Car" was introduced by Mr. President Recep Tayyip Erdogan's participation today. The promotion in Bilisim Valley in Gebze; ministers, top executives and important names of the business world. Mustafa Cinar, the Chairman of DERSIAD (World Virtuous Industrialists' and Businessmen's Association), said, sayesinde Our country is going through an important process thanks to the innovative changes made. Domestic automobile is an important step for our country with advanced industrial infrastructure. This step will contribute to the development and employment of our country. We wish 100% local and national automobile to be beneficial to our country and nation.
The introduction of the domestic car, which everyone is curiously waiting for, from young to old, took place today. Ministers, senior executives and important names of the business world, especially Mr. President Recep Tayyip Erdoğan, attended the promotion held in the Information Valley in Gebze. It is aimed to launch the 2030 percent Domestic Car, where 5 models will be produced by 100, in the first half of 2022.
A new acceleration of 100 percent domestic automobiles to our country. kazanMustafa Çınar, President of DERSİAD (World Virtuous Industrialists and Businessmen Association), underlined that he will It is of great economic importance with the added value it provides, its contribution to employment, tax revenues and demand-creating status in many sectors. When the automotive sector, which is the locomotive of our economy, develops, it will also make a significant contribution to other branches of industry. For the industrial, automotive and logistics infrastructure of our country, the domestic automobile is a great motivation and different experiences for our country. kazanwill stop. In addition to these, it will also be a solution to employment, one of the most important problems of our country, and will provide job opportunities for thousands of people. Acceleration to the development of our country kazanWe wish that the domestic car that will continue to be produced will be beneficial for our country and nation, and we would like to express our gratitude to everyone who contributed, especially to our President, who had the most important influence in the formation of this idea.”


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Unites States equipment orders showed disappointing numbers in the month of September. An economic report from Commerce Department showed that corporate investment have difficulty gaining traction, as orders for non-military goods excluding aircraft fell about 1.2%.
The data reveals that overall business investment remained slow throughout the third quarter, mostly because of weak demand and slow overseas growth. Omair Sharif, senior U.S. economist at Societe Generale in New York, said in a statement, “Business investment has been mired in a slump for more than a year and there’s nothing in these numbers to suggest it’s about to break out… It’ll still be a small drag on third-quarter growth.”
The numbers on non-military capital goods excluding aircraft are used to calculate gross domestic product, therefore following shipment data of these product may predict the direction the country’s economic state. Shipments of these goods fell 4.4% in the three months ended in September.
Despite the negative news today, economist remain hopeful. Economists claim that better days will come as the negative impacts of a stronger dollar and low oil prices begin to fade.


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24/7 Media Posts Loss, Revenues Climb
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24/7 Media Inc. of New York posted a third-quarter loss of $5.8 million for the third quarter, despite growing revenues to $5.5 million from pro-forma revenues of $4.2 million in the preceding quarter.
The third quarter ended Sept. 30 was the company's first full quarter as a public company.
The net loss for the third quarter was $5.8 million, compared to a pro forma net loss of $5.2 million for the second quarter of 1998. Pro forma data takes into account the company's acquisitions earlier this year by consolidating the results of operations of the acquired entities with the results of operations of 24/7 Media for the periods presented.
The company reported pro forma revenues of $12.1 million for the nine months ended Sept. 30, up from $3.5 million a year ago. The pro forma net loss for the nine months was $15.5 million, compared to a pro forma loss of $13.4 million for the nine months ended Sept. 30, 1997.
Moore gave no indication on when the company might achieve profitability.
On an actual basis, the company reported revenues of $5.5 million and $10.3 million for the three-month and nine-month periods ended Sept. 30, respectively, as compared to $0.5 million and $2.7 million for the three-month and nine-month periods ended Sept. 30, 1997.
The company's net loss was $5.8 million and $18.4 million for the three-month and nine-month periods ended Sept. 30, compared to $2.4 million and $4.6 million for the quarter and nine-month period a year earlier.
Actual results for the nine-month period ended Sept. 30, 1998 included an acquisition charge of about $5.5 million in connection with the company's April purchase of Intelligent Interactions.
According to ad measuring firm Media Metrix, the 24/7 Media networks reached 44.1 percent of all Internet users and had 26.7 million unique users in September 1998.
The company operates the 24/7 Network of more than 100 high-profile Web sites, the CLIQNOW! network of more than 85 medium to large Web sites anchored by flagship sites and ContentZone, a network of 2,000 small to medium sites.


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Maxis co-founder Jeff Braun revealed he was working with Lanning's Oddworld Inhabitants on a new game, stating in a recent talk at a Canadian University that it would harness a cinematic scale that would put it on par with CGI films. Lanning today confirmed the title's existence to gamesindustry.biz, though would not be drawn to reveal further details. Don't be expecting the game anytime soon, however – in his talk, Braun stated that the game could be 'years' down the line.
Oddworld games have enjoyed a consistently high critical reception, with the last installment coming in the shape of Oddworld: Strangers Wrath, a well received first person shooter that launched on the original Xbox in January 2005.
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acquisition - News, Features, and Slideshows
Directors on the iiNet board defended the ISP’s proposed acquisition by TPG in conference calls today with investors and media.
Sydney-based Web hosting provider, Crucial, has acquired Sydney domain hosting and registration firm, AVS Networks, for an undisclosed sum.
The likelihood of a sell-off of Australia's number three telco, Vodafone Australia, has been greatly exaggerated, according to both the telco itself and a local telecom analyst.
Telecommunications company Inabox (ASX:IAB) has announced its intention to acquire Anittel Group (ASX:AYG) for $9.88 million.
Perth-based Amcom Telecommunications (ASX: AMM) has acquired Megaport’s fibre network in Melbourne, Sydney and Brisbane for $15 million.
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- The old billboard gets the flick as digital OOH advertising takes over
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- How Tesco's loyalty card transformed customer data tracking


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News analysis: a revised TALF could jolt ABS issuance
The Federal Reserve could unfreeze consumer credit via its latest revisions of a loan program for holders of asset-backed securities collateralized by consumer loans, according to analysts at market research firm TowerGroup.
The Fed last week extended the loan maturity of the Term Asset-backed securities Loan Facility from one to three years, and has allowed TALF loans to be distributed to borrowers with eligible collateral rather than via auctions.
“TALF loans will have a three-year term, with interest payable monthly,” according to a Fed statement. “TALF loans will not be subject to mark-to-market or re-margining requirements.”
The Fed initially unveiled the TALF initiative late last month to boost consumer credit and support the issuance of ABS instruments collateralized by student, auto and credit card loans. ABS issuance dropped off this past September and halted in October.
The Federal Bank of New York has been tapped to offer as much as $200bn in non-recourse TALF loans. The Treasury Department will provide $20bn of TARP bailout funds as credit protection to the Fed. TALF, which is slated to expire Dec. 31, 2009, will also finance loans guaranteed by the Small Business Administration.
More changes are likely as the Fed said TALF will undergo “further refinement in the coming weeks based on continued market analysis and consultation and on clarification of operational details.”
In addition, Treasury Secretary Henry Paulson, in a statement last week on the authorization of the second half of the TARP bailout funds, said that “disbursement is also subject to finalizing the structure for the Federal Reserve-Treasury consumer credit program (TALF).”
TowerGroup analysts and co-authors of a new report Dennis Moroney and Bobbie Britting told Financial News that while the TALF program’s intentions are good, it needed to more fully address the most pressing issue facing consumer lenders—the freeze in lending.
Britting said the additional clarification of the TALF terms and conditions is a “positive step for areas such as auto, student and small business lending. For example, the term sheet defines the ‘newly or recently originated loans’ dates for these three categories."
She added: "It varies by loan type with student loans going back the furthest to a May 2007 first disbursement. But, in general, the timing is long enough to include loans that lenders are currently carrying in their portfolios and will start to free up funds for new loans and restart the lending/securitization cycle.”
The analysts said that TALF will have to ease lenders’ anxiety about the source of their funding and the flexibility of their portfolio management, especially regarding recent changes to rules and legislation.
Moroney said: “The success of the program is driven by consumer confidence and to the extent that people are uncertain about their jobs, it is an uphill battle to think that people are going to buy cars and, in addition, from a company that may not be in business soon.”
According to a statement from the Fed at the time, the ABS markets have historically funded a substantial share of consumer credit. A continued disruption of these markets could significantly limit the availability of credit to households and small businesses and thereby weaken US economic activity.
Moroney said TALF in its original form had limited benefits and he had urged that the government make improvements in response to market feedback. “I believe the market will respond favorably but it is very difficult to forecast what will be the tipping point that stimulates the market,” he said. “At this point, we should be satisfied that the Treasury is willing to make adjustments and I believe we can expect that approach to continue.”
—Write to Yael Bizouati at firstname.lastname@example.org and Eugene Grygo at Eugene.email@example.com


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Urban Artifact, Cincinnati-based craft brewer and “wild culture” expert, today announced the release of their 2018 brewing calendar and the release of Pocket Watch, a Midwest Fruit Tart with a copious amount of concord grapes, black currants, and red plums.
In 2017 Urban Artifact released 94 different beers in draft, bottle and can which allowed for creativity of our signature style. The release calendar for 2018 was built from that innovation with an even greater focus on the Midwest Fruit Tart style as well as building out the core portfolio.
New additions for 2018 are Glimmer, a tart IPA, that showcases Mosaic hops along with refreshingly tart acidity, as well as the six month rotational line which includes Flash Lamp (Tart White Ale) and Owler (Tart Vanilla Brown).
“We are excited to not only bring back many fan favorites including Squeezebox and Fire Iron, but also adding beers like Glimmer to our perennial. Glimmer is a beer that is opening a large number of customerss eyes to what a tart/sour beer can be” said Scotty Hunter, Chief of Strategic Development.
Releasing for the first time in the new year, Pocket Watch looks to be a staple every winter moving forward. It is a beer that was inspired by the concept of traditional fruit punch and this adaptation utilizes three fresh fruits, vanilla beans in the form of spice and Urban Artifact’s house lactobacillus fermentation for the tart kick to round everything out. The blend of red plums, concord grapes and black currants creates a beer with incredible depth of character.
Pocket Watch is set to release the week of January 1st, on draft and in cans. It will go on sale at better beer retailers across Ohio and Northern Kentucky. The Urban Artifact taproom release is Tuesday, January 2nd at 4 pm.
About Urban Artifact
Urban Artifact celebrates “Wild Culture”, both by the beers they artfully craft and the experiences they create in their taproom. Focusing on wild beers, as well as bringing the best in local entertainment to their performance space, Urban Artifact strives to be a destination for the Northside neighborhood and Cincinnati as a whole. Located on Blue Rock Street in the former St. Patrick’s church, Urban Artifact is comprised of partners Scott Hand, Bret Kollmann Baker, and Scotty Hunter.


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NFW16: Show Tickets on Sale in January
Six sensational shows not to be missed at Norwich Fashion Week 2016
Tickets for the six main shows to be held during Norwich Fashion Week 2016 (NFW16), which runs between 10 and 17 March will be on sale from 4 January 2016.
NFW is now in its sixth year and the 2016 event is set to be bigger and better than ever. Two new shows have been added to the core line-up, all of which will be housed within the city’s vibrant and contemporary building of OPEN, the new official home for NFW16.
As with previous years, the week will be launched with the Mercedes-Benz of Norwich Retailers Show on Thursday 10 March. This showcases the current and future fashion trends from local independents and high-street retailers, and has become a firm favourite with fashionistas across the city.
The ever-popular Vintage Show, sponsored by Zaks, returns on Sunday 13 March with a theme of ‘Spring’ for 2016. With the city famed for its vintage scene, this show captures the essence of Norwich’s vintage boutiques and styling with fashion from the 1930s through to the 1980s all featuring on the catwalk.
Those looking for the next big thing, or hoping to be inspired by home-grown talent, shouldn’t miss out on this year’s Designer’s Show, sponsored by Canaries Official and The Hippodrome Great Yarmouth. It’s being organised as a creative, circus themed spectacular to promote the very best of Norwich’s designers, tailors, milliners and stylists.
The quirky Fashion Excess Show, sponsored by Dr. Martens, also returns for 2016 to inspire those who love mixing up their style. The show fuses the latest fashion from independents, local designers and the high street to live music from up and coming local bands.
Emma Harrowing, Chair of the NFW board, said: “These four key shows have all proved to be incredibly popular in the last few years and we’re delighted to be staging them once again. But with NFW originally launched to celebrate, promote and develop the diversity of fashion and style in the city, we are continually looking to find new ways to reach and inspire even more people. We believe the addition of two new shows for this year will help us to do that.”
The first of the new shows is the Dipple & Conway Hair Show which takes place on Friday 11 March. It will highlight the wealth of hairdressing talent in the city, and the impact these stylists, colour technicians and barbers have on finishing the overall fashion look with their inspiring hair designs.
The second event added to the NFW line up is a Design and Enterprise event on Wednesday 16 March. This has been added to further strengthen the NFW aim of nurturing and educating local, fledgling designers. The all-day event, which will continue into the evening at Norwich University of the Arts, has been organised to help support up-and-coming talent in the city and to inspire them to take their designs to the next level.
Emma added: “We hope as many people as possible will join us during NFW and enjoy being a part of the city’s largest, annual fashion event. Every year the week gains more kudos and it is really helping to promote Norwich as a fashion-forward location.”
Tickets for all the above shows are available from 4 January via the box office at OPEN on www.opennorwich.org.uk or 01603 763111.


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The dairy industry's billion-dollar importance to Otago and Southland has been highlighted in a recently-released NZIER report commissioned by the Dairy Companies Association of New Zealand.
Dairy made up about 5 per cent of Otago's GDP and about 10 per cent of Southland's which, in real terms, meant Otago earned about $400million from dairy and Southland earned $700million, Fonterra's head of Farm Source for Otago and Southland, Mark Robinson, said.
The report was commissioned as part of DCANZ's input into the recent Ministry of Foreign Affairs and Trade's Trade for All Agenda consultation.
It showed the dairy sector - New Zealand's largest export sector - accounted for $8.2billion - or 3.1 per cent - of New Zealand's total GDP, as of March 2017.
That was shared between dairy farming ($6.3billion) and dairy processing ($1.9billion).
It was the fifth largest industry in New Zealand behind finance, construction, real estate and health.
The value of dairy exports had risen by nearly three times from $6.3 billion in 2001 to $17.1 billion in 2018.
Since 1990, dairy export value had increased nearly eight-fold.
The dairy sector remained New Zealand's largest goods export sector by some margin.
At $17.2 billion in the year to March 2018, it generated more than two and a-half times as much as the meat sector, more than three times as much as the wood sector and 10 times as much as the wine sector.
Waimate, Southland and Clutha districts were all territorial authorities in which it was among top 10 employers for both dairy farming and processing.
Dairy provided over one in four jobs in the Waimate district, over one in six in Southland and over one in 10 in Clutha.
Mr Robinson said a profitable dairy industry supported a productive economy.
The ''halo effect'' started on-farm and there was then a ripple effect from there.
It was important to acknowledge agriculture as a whole, not just dairy, and in smaller areas, such as Balclutha, the Silver Fern Farms plant at Finegand and Fonterra's cheese factory at Stirling were very critical parts of the local community, he said.
It was those sort of agricultural entities that helped smaller rural areas thrive.
The Stirling factory employed 100 people and produced about 50,000 tonnes of product a year, and the staff were ''incredibly proud'' of what they did, he said.
DCANZ executive director Kimberly Crewther said a 70 per cent increase in export revenue per cow had been achieved since 2001, and a 43 per cent increase in export revenues per kg of exports since 1990 reflected value addition from diversification of processing.
Dairy manufacturers had invested more than $3.1billion in processing facilities in recent years.


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At a press event early this month in the US, Microsoft announced the next-generation Surface devices, the Surface Pro 6 and the Surface Laptop 2. The new Surface Pro 6 now comes in Black and is faster than ever with the latest 8th Gen Intel Quad Core processor, all day battery life, and an 8.0MP autofocus HD camera. The new Surface Laptop 2 comes in Black as well. And it features a 13.5” PixelSense Display, an 8th Gen Intel Quad Core processor, and a luxurious Alcantara covered keyboard. Both these devices are now available for pre-order from Amazon US. Find the links to pre-order them below.
Information by: mspoweruser


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Tuesday September 17, 2019
Aug-09-2009 23:11TweetFollow @OregonNews
Smokeless 'E-Cigarettes' Raise New Health Concerns (AUDIO)Salem-News.com
Oregon’s Ban has National Implications.
(SALEM, Ore. ONS) - Oregon is the first state to ban the sale of so-called electronic cigarettes, and the U.S. Food and Drug Administration (FDA) will soon be in court to fight the same battle nationally.
The battery-operated tube looks like a real paper-and-tobacco cigarette, but contains nicotine and flavors that can be inhaled without producing smoke. The FDA wants to regulate them as drug devices.
Some makers of e-cigarettes call them a safer alternative to smoking. For Dana Kaye, executive director of the American Lung Association of Oregon, that doesn't fly.
"My fear is just the opposite with these. If people are using them thinking they're not going to get addicted, we're going to have a new culture of folks that are hooked on nicotine, who weren't previously."
Kaye says electronic cigarettes don't make nicotine any less addictive, and the FDA has found other chemicals in them, including diethylene glycol, a common ingredient of antifreeze.
"I think we see it in some other things, makeup and lotions and that kind of stuff. There's a safe limit of that particular chemical, but not necessarily as an inhaled substance."
Kaye says most of the electronic cigarettes come from China and their health effects have not been thoroughly tested. Two distributors of the products are challenging the FDA for confiscating shipments; the court date is August 17. E-cigarettes cannot legally be sold in Oregon, but she says people are buying them online or in neighboring states.
Special thanks to Oregon News Service
Click the play button below for the audio report:
Articles for August 8, 2009 | Articles for August 9, 2009 | Articles for August 10, 2009


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TALLAHASSEE, Fla. (WTXL) — Two employees at two Chipotle restaurants in Tallahassee have tested positive for coronavirus, the company confirms to ABC 27.
A spokesperson for the company confirmed to ABC 27 that an employee at the Chipotle at 3425 Thomasville Road and the Chipotle at 1801 West Tennessee Street each had one employee test positive for the coronavirus.
Though the representative did not confirm exactly when the employees tested positive, they said the two impacted employees and all employees who had close contact, are now being quarantined for a 14-day period.
The company said that both locations were thoroughly cleaned in accordance with guidelines from the CDC, FDA, and local officials after they learned of the COVID-19 positive employees.
In a statement sent to ABC 27, the company outlined all the measures its taking to protect it's customers, citing a recent report that ranked Chipotle as "the top restaurant brand for health and safety compliance during COVID-19."
"We continue to take additional precautions to safeguard our employees and guests which include: wellness checks; air treatment systems; masks for all employees; increased sanitization of high-touch, high-traffic areas; elevated frequency of personal hygiene requirements; visible hand sanitizing stations; line markers in restaurant that separate guests by 6 feet; decals, arrows, seat maps and table tent signage; a new Steward position to manage the dining room; and a tamper evident packaging seal for delivery orders."


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Sony to Launch PlayStation Vue on PS3 and PS4
Sony's cloud-based TV service is gearing up to launch soon for PlayStation consoles.
Sony has had many PlayStation updates recently with its 20th anniversary and the announcement that the PlayStation Vue will launch in Q1 of 2015 furthers them. PlayStation Vue, Sony's streaming TV service, has been in an invite-only beta test for far too long -- we're glad to hear it is finally getting the green light for its official release. IGN reports that, at the CES conference, Sony has announced the PlayStation Vue will be officially launching in the first quarter of 2015 for PS3 and PS4.
PlayStation Vue is going to be released for PlayStation 3 and PlayStation 4, and will also launch for the iPad and other non-Sony devices. The television companies that will be a part of the PlayStation Vue initiative include CBS, Fox, NBCUniversal, Viacom and many more.
We're just going to have to wait and see what the subscription cost will be like for the PS Vue service. Sony recently announced that subscriptions for PlayStation Now, its game-streaming program, cost $19.99 (or $15.99, depending on which plan you go with) a month, so Vue's cost may be along those lines. Also, Slack TV (another TV-streaming service) is coming to Xbox One for $19.99 a month. Stay tuned and we'll provide up-to-date coverage on the PS Vue's official release date and pricing once more information is available.


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Work is under way on the first Angus roadside services project in decades.
International independent forecourt firm Euro Garages has started building a new filling station and retail development at Orchardbank, adjacent to the A90 Forfar by-pass.
Economic development chiefs have hailed the start of a scheme, which could bring up to 60 new jobs, as a shot in the arm for the local area in the early stages of post-pandemic recovery.
The two-and-a-half acre site, opposite the Angus House local authority HQ on Forfar’s western gateway will include a petrol station, retail unit, restaurant, drive-through and coffee shop.
In addition, the site will provide electrical charging hubs, further increasing the network available in Angus.
The new Orchardbank development will add to current occupiers including McDonald’s, KFC, Marston’s, the Guide Dogs Scottish Training Centre and print firm Astute (Scotland).
Approval for the development was granted in 2018.
Angus Council economic development spokesman councillor Braden Davy said: “We are delighted to see Euro Garages begin work at Orchardbank.
“This investment demonstrates their confidence in Angus and will bring up to 60 full and part-time jobs.
“Despite the impact of recent worldwide events on our local economy, I am delighted to see that national businesses are continuing to invest in our area, securing jobs and helping us on the road to recovery,” said the Forfar Conservative.
Orchardbank Business Park is managed jointly by Angus Council and Hermiston Securities with options industrial, office, commercial and hotel development opportunities existing on the site.
Euro Garages has similar plans for forecourt, retail and drive-thru development of the former Guthrie Brothers site on North Esk Road, Montrose after acquiring the long-established family-run operation in spring 2019.
EG Group also had ambitions to develop the former Seaforth Hotel site in Arbroath, but proposals for a petrol station and shops were rejected by Angus planners earlier this year.
The hotel was destroyed by fire in 2006 and the site has lain empty since.
The site has been the subject of a number of planning proposals, including a green-light for a hotel and restaurant in 2018.
EG group said a study had indicated the provision of roadside accommodation on the site would not be economically viable due to a lack of demand.
Angus Council rejected the bid after officials said the plan was not a suitable use for a site earmarked for hotel and/or leisure, tourism and recreation use.


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Multi-platform health and wellness network Veria Living has appointed Joseph Cho (pictured) for the newly created position of vice president of digital.
Cho will be based in Veria Living’s New York headquarters and report to GM Paul Cestari, effective immediately. Cho was previously the senior product manager for BlackMarket’s luxury men’s fashion from UrbanDaddy, the product visioneer for social gaming and digital content distribution networks at NetCommerce, and VP of product development at DB Direct.
“Joe comes to Veria Living with a strong track record of managing high performance cross-functional teams,” said Cestari. “As we look to expand our brand, his extensive background in leading digital projects from conception to end makes him a welcome addition.”


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After a year of crushing price hikes, economic signals suggest U.S. inflation is finally — although slowly — cooling. Yet while experts say the worst is behind us, the improvement may feel marginal for millions of Americans, and the road to normality is likely to be long.
When the government on Tuesday releases its latest consumer price index, economists expect it to show that prices in November were up just over 7% from a year ago — down from 9% in June. That's still more than triple the Federal Reserve's preferred rate of inflation, and analysts expect it to take a year — or more — for inflation to fully recede.
"It's fair to state that inflation's peaked and the worst is behind us," Joe Brusuelas, chief economist at RSM, told CBS MoneyWatch recently. However, he added, "We're not going to see a steep or quick decline in overall inflation. It's going to take some time to get back to the Fed's 2% inflation target, and that is going to entail some very difficult policy judgments," he said.
The Fed badly missed that target last year when it misjudged inflation as a temporary phenomenon. And while its aggressive rate hikes this year appear to have gotten inflation on the downswing, economists say it could be several years before price increases fall to 2%.
The reasons are complex, but come down to the interplay between goods and services, wages and prices. While the supply-chain issues and the consumer shopping frenzy that drove most of the price increases during the pandemic have mostly dissipated, consumers are still spending and workers are still getting hefty raises. Some economists warn that could create a repetitive cycle in which workers expect inflation to keep accelerating, leading them to ask for higher wages.
"It's going to be a long hard slog back to price stability," Oxford Economics wrote earlier this fall.
Signs inflation is slowing
While it took months longer than economists had predicted, prices for goods are slowing everywhere.
Online prices last month fell by the largest amount in nearly three years, according to Adobe. Although some of the drop was driven by retailers that overstocked — offering big discounts to clear out inventory — the trend is widespread.
"We also see signs of overall e-commerce inflation cooling," according to Patrick Brown, vice president of growth marketing and insights at Adobe. "In categories such as groceries and personal care, which are not promotional in nature, we are seeing price increases come down from their heights in late summer and early fall."
Gasoline, a major driver of inflation this year, has fallen from above $5 a gallon in June to an average of $3.26 a gallon, the lowest price in over a year. The cost of diesel is also dropping, though slowly — a promising sign given the fuel's importance in shipping most goods.
Supply-chain snags have largely been ironed out. Some economists also hope that China's recentwill decrease the chances of future lockdowns and disruptions.
Big-ticket prices dropping
The large, high-priced goods that were largely behind price increases last year are coming back down. Used-car costs have been on a steady decline since peaking a year ago, as shown in private data as well as the government's official price tracker, the consumer price index.
"[S]tarting this summer, Americans satisfied their pent-up demand for goods and pivoted to spending more on services now that these industries were no longer capacity constrained by government social distancing restrictions. The inflation rates for used cars and trucks, furniture and bedding, and household appliances have tumbled in recent months," analysts at Yardeni Associates noted.
New cars, on the other hand, continue to set price records, suggesting it will be some time before car dealerships lower sharply higher vehicle markups.
Rents top out
Another factor that should continue to keep the CPI elevated over the next year is rent. That has less to do with ongoing rent increases — which are falling, according to several private data providers — and more with how the government factors in the cost of rent.
While the Labor Department measures most items every one or two months, it only records rental data twice a year, explained Paula Munger, economist with the National Apartment Association. "So they won't have complete data till the end of the year," she said.
The lag between real-world rent and rents as they show up in the CPI means that government data won't show falling rents until sometime next year.
"[I]t will take some time before the recent softening in private estimates of asking rents percolate through into the CPI," Deutsche Bank economists wrote in a recent research note.
Can wages keep growing?
Another factor that could keep consumer prices relatively high over the next few months are wages. While economists, wary of the a "wage-price spiral," have been rooting for wage growth to slow, worker pay last month went in the opposite direction, accelerating at an annual rate of 5.1%.
So far, wages haven't been the main driver of inflation. Supply-chain issues and a consumer spending boom has pushed them higher. But with Americans spending less on goods and more on services, wages are likely to play a bigger role in the inflation picture. In service sectors — from hospitality to transportation services — labor costs are often the biggest component of what the customer ends up paying.
"[W]age contracts currently seem more in line with an environment where CPI inflation trends closer to 5% than where it is close to the Fed's 2% inflation target," economists at TD Securities said in a report.
Wage increases, while good news for workers, could be bad for consumers if they fuel price hikes. But it's not a given that they will. Companies that have been freely passing along price hikes for two years are starting to see resistance as people and other companies pull back.
"Our own data from our own surveys tell us that firms are now beginning to have difficulty passing along price increases downstream to their own clients," Brusuelas said.
"Profit margins are beginning to narrow … hiring is beginning to slow. You see all the tell-tale signs of end-of-the-business-cycle behavior. This is all driven by inflation," he said.
for more features.


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23andMe just went public. We spoke with its CEO about its road to IPO, and what the future holds for the consumer-genetics industry.
23andMe went public via a merger with Richard Branson's SPAC. The deal valued the 15-year-old company at $3.5 billion.
How companies like 23andMe and Helix are forging the future of consumer genomics despite a bottomed out market
Genetic tests were once a popular trend. Now, companies like Color have set their sights on less buzzy business models.
Inside Helix, the genomics company that helped the CDC track the Alpha variant's spread within the US, and where it plans to go from here.
Invitae surges after report says Softbank will lead a $1.2 billion investment in the genetic-testing company
Invitae announced it will acquire the genomics company Genosity for $200 million on Monday after landing a convertible note investment from Softbank.
The rise of Anne Wojcicki, the CEO of 23andMe who is now a self-made billionaire after bringing her genetic-testing giant public in SPAC deal with Richard Branson
Wojcicki, the ex-wife of Google's Sergey Brin, took 23andMe public in June. Here's a look back at how she got her start and built a genetic-testing empire.
The CEO of Color lays out how COVID-19 is reshaping the future of the $1.5 billion DNA testing startup
Color's Othman Laraki thinks genetic testing will have its biggest impact on human health when we forget it's even there.
23andMe is 'just scratching the surface' of the value in personal sequencing. A new report lays out why the future of consumer genomics lies in drug development.
The future of consumer genomics lies in healthcare partnerships and drug development, according to a new CB Insights report released last week.
The Pentagon has advised US troops to avoid genetic-testing kits out of concern their personal information could be compromised.
A Harvard geneticist is creating a dating app that matches users based on DNA, and people are worried it's eugenics
Harvard geneticist George Church said his dating app concept could prevent genetic disease, but critics say the concept is discriminatory.
Apple is reportedly rolling out a new perk for employees: free genetic testing at its on-site wellness clinics
Apple now runs its own health clinics known as "AC Wellness" that allow workers to get medical treatment close to their offices.
A startup that promised to use genetics to help people conceive shut down its lab and laid off employees after it failed to raise funding. In a new lawsuit, it blames 23andMe.
Celmatix, a reproductive health startup, just sued consumer genetics giant 23andMe, alleging it caused $100 million in damages.
The DNA-testing 'fad' is over, and one company just halted operations. The CEOs of Ancestry and 23andMe reveal how they're fighting back.
For years, the hot gift at the holiday season has been DNA test kits. But now, the industry is facing a slowdown, and one firm just halted operations.
Ancestry's new products will test for heart conditions, inherited cancers, and carrier status for conditions like cystic fibrosis.
Ancestry's DNA test has traced the family histories of more than 15 million people. Now the genealogy giant wants to map out your health history.
The company has historically avoided healthcare, even as personal-genetics companies like 23andMe have made it a key part of their businesses.
Silicon Valley genetic testing startup 23andMe is making progress in its efforts to develop new drugs, CEO Anne Wojcicki said at an event last week.
Bill and Melinda Gates shined a spotlight on at-home DNA tests like 23andMe, calling them one of last year's biggest surprises
DNA tests helped catch a suspected serial killer last year. They may also help women have healthier pregnancies, according to the Gateses.
In September 2018, Ancestry updated its ethnicity estimates, and my results got a lot more specific. I found out that I'm much more Norwegian than I thought.
A genetic testing company you've never heard of could become a household name as it takes on 23andMe
Genetics company Invitae will soon let you order personal genetic tests. But unlike its biggest rival, a clinician will still have to be involved.
Genetic testing is the future of healthcare, but many experts say companies like 23andMe are doing more harm than good
Clinicians and advocates criticize the 23andMe approach to genetic testing, which they say prioritizes convenience over privacy and long-term health.
From 23andMe to AncestryDNA, DNA tests are more popular than ever. Here are 10 things you probably didn't know about the at-home DNA tests.


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Associated British Foods PLC (ABF.L)
25 Nov 2015
LONDON, Nov 3 Associated British Foods posted a 2 percent fall in annual earnings, as growth at it Primark fashion chain, grocery, agriculture and ingredients businesses was more than offset by a slump in its sugar operation and currency moves.
LONDON, Oct 21 EU sugar stocks are tightening, triggering expectations for up to 600,000 tonnes of imports of raw sugar into the bloc over the next year, much of it likely from Brazil, trade sources said on Wednesday.
** SocGen downgrades rating on Associated British Foods to "hold" from "buy", with brokerage pointing out that expectations of strong growth at Primark now fairly reflected in valuation
* Store housed in iconic building owned by rival Inditex's founder
* Shares down 1.9 percent (Adds analyst comment, share price)
LONDON, Sept 7 Associated British Foods maintained its full-year earnings forecast on Monday, with progress at Primark and at its grocery, ingredients and agriculture businesses expected to be offset by a large reduction in profit in its sugar business.
July 30 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
* Miners boosted by stabilisation in China stock market (Adds closing prices)
LONDON, July 9 Fast-growing budget fashion retailer Primark plans to open its first shop in Italy next year, expanding into its tenth European market, owner Associated British Foods said on Thursday.
LONDON, July 9 Associated British Foods, owner of budget fashion retailer Primark and British Sugar, on Thursday maintained current year guidance after posting a small rise in year-to-date revenue.


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In the backdrop of a Rs 15 hike in the sugarcane Fair and Remunerative Price (FRP) to Rs 305 per quintal for the coming 2022-23 crushing season, the Uttar Pradesh sugar lobby has reiterated its demand for increase in the minimum selling price (MSP) of the commodity.
The sugar MSP has been capped at Rs 31 per kg for the past 2-3 years even as the cost of sugar production has gone up substantially during the period, according to UP Sugar Mills Association (UPSMA).
UPSMA has urged UP chief minister Yogi Adityanath to raise the vital issue with the Centre so that the MSP is earnestly increased in the interests of all the stakeholders, especially farmers.
In his letter, UPSMA president C B Patodia has underlined not only sugar industry was the largest organised industry in UP, it directly impacted the livelihood of millions of farmers in the state, which is among the leading sugarcane and sugar producers in India.
Interestingly, UP is among the few states which mandate a steep premium above the FRP with the applicable cane price termed as the State Advised Price (SAP). As such, SAP is the effective price paid by the sugar millers to farmers.
In September 2021, ahead of the high stakes 2022 UP assembly polls, the Yogi government had hiked the SAP by Rs 25 to Rs 340 and Rs 350 for common and early maturing/high yielding varieties of the cash crop respectively. Interestingly, the SAP in UP had remained unchanged for three previous years on the trot.
The UPSMA letter discreetly conveyed its apprehension that unless the MSP was hiked, there could be a buildup of cane farmers’ arrears in the next season owing to lower realisation from the sale of sugar vis-à-vis cost of production, including payment to farmers.
According to the UPSMA, while the MSP has not been raised, the average ex-factory cost of sugar production in India has risen to Rs 33-34 per kg.
The Centre determines the MSP on a number of factors including sugar demand, production, general economic condition, sugar inventory etc.
Patodia claimed the sugarcane producing states, Niti Aayog, government committees as well as the Commission for Agricultural Costs & Prices (CACP) had likewise advised for a hike in the MSP but nothing had been done so far.


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By Sarah Britton2019-03-20T12:21:00+00:00
Everyone partied the night away at our awards, celebrating the very best retailers in the sector.
The VR Booth provided great entertainment throughout the night, allowing users to enter a virtual reality
Tuesday 29 September at 5pm
Staff and customers of Eurospar Ardglass in County Down are celebrating after customer advisor Fiona Addis was crowned Sales Assistant of the Year at the 2019 Convenience Retail Awards (CRA) held in London last week.
Premier-branded MJ’s Store in Royton, Greater Manchester, was named Convenience Retailer of the Year at Thursday’s 2019 Convenience Retail Awards.
Register now to watch The Convenience Awards 2020
The retail industry has called on the government to extend the business rates holiday to help the sector thrive.
Food to go has had a rough 2020 but the category is expected to bounce back.
Abuse against shop workers is on the rise and with staff on the front line, what should you do if a member of your team is victim to an attack?
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