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Green logistics: Damco rolls out online CO2 calculator to track customers’ emissions
in the NewsBehind KION Group’s acquisition of Dematic UniCarriers Americas executives partner with Roosevelt University Brexit impact yet to be measured by U.S. logistics managers Rail carload and intermodal volumes fall for the week ending June 18, reports AAR BTS reports U.S.-NAFTA trade falls 3.2 percent in April More News
Global freight forwarder and logistics services provider Damco said this week it is now providing customers with an online calculation of carbon dioxide emissions, which enables them to track CO2 emissions for all products shipped by ocean and air.
This offering is available through the company’s Website via “myDamco,” its customer interface.
Damco officials said that each customer shipment can be measured in “Track and Trace? functionality, with customers able to quickly evaluate emissions from an air freight shipment, or form an overview of top 10 emissions separated by mode of transportation, origin and country destination, based on reports from this tool.
“Our customer’s increasing desire to measure the carbon footprint of their supply chains has been the key driver for Damco’s development of green logistics services,” a company spokesman told LM. “More and more of our customers are publishing annual sustainability reports and carbon emissions tracking are becoming a big part of these.”
Damco has offered CO2 emission tracking services since 2007 in the form of its SupplyCheck CarbonCheck. Since then it has been working to infuse the CO2 calculations emissions directly onto mydamco.com as a natural extension of our green logistics services.
In terms of the benefits customers will realize from this offering, the spokesman said customers can access real-time carbon emissions per shipment on the same platform—mydamco.com—they are currently using to track and trace shipments.
“Our customers can then compare the emissions between carriers and tradelanes and make their own decisions on how to optimize their supply chains for carbon emissions,” said the spokesman.
Going forward, Damco will continue to explore ways to provide customers the most cutting edge CO2 emission tracking services, according to the spokesman. And as its customers CO2 emissions reporting requirements become more robust Damco will look to refine an update its methodology while introducing tracking of other greenhouse gases besides CO2.
About the AuthorJeff Berman Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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Enjoying Nature with Natural Activewear – Cotton Takes Flight!
Cotton Council International (CCI) and Cotton Incorporated joined forces to promote cotton at the 2016 Shanghai Intertextile Apparel Show at National Exhibition Center. CCI promoted quality U.S. cotton products that exemplify the passion of farmers and an industry that spans across the country. As a trustworthy resource and partner through supply chain, Cotton Incorporated continues to reinforce the performance technologies of this natural fiber.
At this year’s show, COTTON USA launched the unique “Cotton Comfort Travel Kiosk” concept to highlight what cotton can do for world travelers. Under the theme “Fly Cottonair,” COTTON USA showcased fashionable, functional and travel-friendly items with 17 COTTON USA brand and 14 fabric licensees.
“With the rapid rise of China’s economy and tourism in the past decade, Chinese business travelers and tourists are seeking quality apparel and travel items to make their journeys smoother and more comfortable,” CCI China and Northeast Asia Director Karin Malmstrom said. “Looking forward, the demand for quality cotton products in the travel segment will increase, also providing COTTON USA an opportunity to capture and further boost the consumption of quality U.S. cotton fiber in this huge market.”
Supima displayed an array of extra-long staple U.S. cotton products quality at the joint booth. More than 30 textile manufacturers, brands and retailers who are COTTON USA licensees and strategic partners of CCI and Cotton Incorporated in China also displayed their cotton-rich products at the booth.
This year’s show attracted nearly 4,600 exhibitors from 29 countries and regions, who have made the Intertextile Apparel Fabrics Show again a world’s most comprehensive textile trade show. Buyers and visitors also benefited from six specific products zones designed to help ease both searching and sourcing at the show.

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By way of respite, the Government has issued a notification on 4 July 2017, allowing companies to print, stamp, or use stickers to show the revised MRP on a product package. The old MRP will have to be clearly visible along with the revised MRP sticker. Also, it has been further directed that companies should advertise the change in prices of their products, in at least two newspapers, if they are raising the price of any product featuring both the new (post-GST) and old (pre-GST) MRPs on the packaging. However, no advertisement is required in case of lowering of price. This step is aimed to ensure that the companies and retailers have a way of dealing with the older (pre-GST) stock and preventing profiteering.
This transitional measure can be availed till 30 September 2017, after which all pre-packed goods will have to have just one MRP including the GST.
That said, this notification has come out as a ‘sticker shock’ to the companies who point out that the step is horrendously complicated, time-consuming and tedious as it would be a formidable task for the manufacturers to use stickers that reflect the new MRP as millions of packages are already in stock with distributors and retailers countrywide. Not only would this be virtually impossible but also, it would impose a crushing financial burden on the sellers.
Also, a downside of the step is that the notification issued would result in non-compliance of the provisions under the Legal Metrology Act, 2009, which prohibits manufacturers from changing MRP tags once goods are out of the factory.
The Food and Consumer Affairs Minister, has taken to social media to inform that if the provisions regarding revised MRP, as stated in the rules, are not properly followed, then legal action will be taken against such shopkeeper.
In conclusion, it would be best to state that though the Government may be well intentioned, the steps being taken are harm handed, and punitive and impractical.


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Study: Cannabis Consumers Are Less Likely to Be Diagnosed With Liver Cancer
by Chane Leigh
When a case of the munchies arises after consuming cannabis, the plant is almost always the primary culprit. However, in spite of its reputation as a hunger-enhancer, a University of Toronto researcher begs to differ.
Although cannabis has been proven to stimulate appetite in cases of anorexia and cachexia (wasting syndrome), Justin Matheson feels the plant may produce quite the opposite effect. So much so that he believes cannabis may even work as an herbal remedy for patients who suffer from obesity—a condition that, as estimated by the World Health Organization (WHO), kills almost 3 million people around the world every year.
In 2020, Matheson earned a Ph.D. from the Temerty Faculty of Medicine’s department of pharmacology and toxicology. He also plans on participating in a post-doctoral research fellowship in the Translational Addiction Research Laboratory at the Center for Addiction and Mental Health.
“On the surface, the research seems a bit paradoxical,” he said. “But what my supervisor [Professor Bernard Le Foll, chair of addiction psychiatry in the Temerty Faculty of Medicine] and others have found is that people who use cannabis regularly actually have lower BMI, lower risk of obesity, and a lower risk of diabetes then people who don’t use cannabis.”
The postdoctoral research fellow was one of the first members of the Toronto Cannabis and Cannabinoid Research Consortium (TC3), which is described as an “interdisciplinary network that brings together researchers and trainees engaged in cannabis & cannabinoid research” on the group’s official Twitter page.
Embedded within the human body is the endocannabinoid system (ECS), an expansive network of cellular receptors and chemical signals that play an integral role in central nervous system (CNS) development. The ECS is renowned for regulating a wide range of metabolic processes, including energy expenditure, mood, and sleep.
Two primary cannabinoid receptors—CB1 and CB2—can be found in the ECS, as well as their endogenous ligands and enzymes. The CB1 receptor is renowned for regulating appetite and energy homeostasis. Interestingly, when CB1 activation is blocked, the chances of obesity are reduced. For this reason, many scientists are looking into the potential of using CB1 antagonists to attenuate diet-induced obesity (DIO) and associated inflammation.
In the past, rimonabant (an inverse agonist that depresses CB1 receptor activity) demonstrated promise for promoting weight loss in obese people. However, the anti-obesity drug was eliminated from the global market in 2008 due to adverse psychiatric effects.
It’s important to note that while the forthcoming study is unlikely to cover this particular subject area, cannabinoids may prompt fat browning. A separate study found that CBD contributed to “browning” in white fat cells, a specific type of cell that tends to build up in obese patients.
Brown fat, otherwise known as “brown adipose tissue,” is a unique type of body fat that breaks down fat molecules and blood sugar (glucose) to create heat and help sustain body temperature. Although most of our fat is white fat, cold temperatures tend to stimulate brown fat. Consequently, changes occur in the metabolism, which is closely linked to weight control.
Rather than using THC-rich cannabis—THC is the main cannabis compound renowned for triggering feelings of hunger in cannabis consumers—the researchers will investigate whether or not nabilone, a man-made form of cannabis often used to treat chemotherapy-induced nausea, can reduce obesity in adults. Although the structural composition is slightly different, the effects of nabilone are very similar to THC.
This synthetic cannabinoid drug will be put to the test in a randomized controlled trial involving 60 people between the ages of 25 and 45 with weight problems. Each study subject will be given either a high/low dose of orally consumable nabilone or a placebo.
Extending over 12 weeks, the study will see participants consume nabilone on a daily basis. Within that time frame, patient body weight and various other measures will be assessed by Matheson and his fellow researchers to determine the adverse effects, if any, of nabilone.
Aside from the obesity aspect, the researchers also plan on assessing each study subject’s brain activity at a baseline level, prior to treatment, and after the 12-week trial is complete. Mainly, the team will pinpoint neural response variations when subjects are exposed to food images throughout treatment.
Participants have already been recruited for the research effort, which should be finalized over a two-year period.
The Coronavirus has been around for a few years. During this time, researchers conducted studies on a wide range of topics. A 2022 study published in the Journal of Cannabis Research explored cannabis consumption and COVID-19. Researchers found that those who consume cannabis were associated with lower COVID-19 severity among those who have been hospitalized,…
Stoner stigma and stereotypes are not just discriminatory—they are also outdated and are now being rendered invalid. Cannabis consumers, whatever their reason for consumption, are subject to being stereotyped as “lazy stoners.” Fortunately, a recent study found that cannabis consumers are no more likely to lack motivation compared to those who do not consume cannabis. …
The history of cannabis prohibition is plagued by propaganda, racism, and greed. If you’re familiar with this story, it’s likely you’re familiar with a man by the name of Harry J. Anslinger. This individual was highly influential in the implementation of cannabis prohibition in the early 20th century. Since federal prohibition was implemented, it has…
Leukemia patients, like any other cancer patient, have much to gain from the use of cannabis. The plant’s medicinal value for cancer patients is uncontested. Leukemia, especially acute myeloid leukemia, is one of the 10 deadliest cancers, making effective medicinal and therapeutic solutions especially pertinent. Let’s explore which cannabis strains are ideal for alleviating the…
Gilbert Anthony Milam Jr., American rap artist and founder/CEO of the cannabis brands Cookies and VIBES Papers, is celebrating the launch of his new Cookies store in Thailand. Gilbert, whose stage name is Berner, described the Southeast Asian nation’s first cannabis store opening as “a huge step into the global market.” Berner, who has released…
Question: I live in a state with legal cannabis and started shopping at my local dispensary a few times a month. I’m grateful…
Chicken soup for the soul? Well, if it’s infused with cannabis, it’s going to do more than soothe the soul! Whether you…


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McDonald reports higher profits in first-quarter of 2021
McDonald's reported higher first-quarter profits, led by strength in the United States and some overseas venues that offset weakness in other markets due to ongoing Covid-19 restrictions.
McDonald‘s sales have soared this year, even though Covid restrictions remain in place in many countries.
Profits in the last three months jumped almost 40% to $1.54bn (£1.1bn), driven largely by the return of US customers.
There was also strong growth in the UK, Australia, and Canada, partly offset by declines in Germany and France.
The fast-food giant is recovering from 2020 which is described in January as one of its “most challenging” years.
Last year the coronavirus pandemic and lockdown restrictions in many countries ate into its sales.
But first-quarter global sales returned to pre-pandemic levels, like many countries, including the US, began easing restrictions on eating out and President Biden’s stimulus spending put extra money into Americans’ pockets.
McDonald’s added to its menu to attract customers back. In February the fast-food giant launched Crispy Chicken Sandwiches to take on US rivals including Chick-fil-A and Popeyes.
But the burger chain said it would also “double down” on marketing its staple items, such as Big Macs and Chicken McNuggets, and continue expanding drive-throughs, delivery, and online offerings.
The sales boost is a turnaround from the final quarter of last year, when the chain’s global net income fell 12% to $1.37bn (£990m). For 2020 as a whole, McDonald’s profits fell 22% to $4.73bn.
However, for the first quarter ending 31 March this year, sales outstripped the same period in 2019 “even as resurgences [of the virus] and operating restrictions persist in many parts of the world” the company said.
Laura Hoy, the equity analyst at Hargreaves Lansdown, said: “McDonald’s looks to be past the worst of the pandemic, and its push to expand delivery and digital offerings should stand it in good stead well into the future”.
“We don’t see our obsession with having everything a click away changing anytime soon and McDonald’s is poised to continue building on that trend.”
McDonald’s has been operating under varying restrictions in the UK since the first lockdown in March 2020. Like many fast-food chains, it initially closed its doors, but then gradually reopened for takeaway in the following months, with additional safety measures such as till screens and hand sanitizer dispensers.
McDonald’s UK drive-throughs reopened in May and June 2020 leading to traffic jams at some sites.
In October food delivery company Just Eat Takeaway said orders had grown by more than 40% after it added 800 McDonald’s restaurants and 300 Greggs outlets to its network.
However in January this year, McDonald’s put walk-in takeaways on hold again as new UK lockdown restrictions came into force.
From 26 April McDonald’s gradually began reopening outdoor eating areas across the UK.


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New Tech or a Just a New Story?
MyGolfSpy is excited to announce that it has entered into multi-year partnership agreements, which will expand its influence into the world’s 2nd and 3rd largest golf markets. The licensing deals[…]
SM7 Wedge Launches on Tour
Ever get a sense of déjà vu when it comes to golf equipment? From Bertha is back, to every Anser style putter ever, and even the recent uptick in driving[…]


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Government to grant €1m in assistance to herdsmen who produce milk and are affected by pandemic
The reduction in the demand for fresh milk products due to the pandemic impact on tourism and restaurants is having repercussion on herdsmen who furnish the Malta Dairy Products with milk in Malta and Gozo.
In comments to Television Malta, Agriculture Minister Anton Refalo announced that the Government will be granting to herdsmen who produce milk some one million euro to compensate them for the Covid-19 impact on the production and demand for milk products.
The chairman of the Milk Producers Cooperative, Brian Vella, said that as in winter the cows produce more milk, the reduction in demand during this period will mean a loss for milk herdsmen, who in recent years have increased their herds.
Mr Vella added that while herdsmen may reduce production by changing the recipe of cows feed so that they will not produce extra milk, this will just the same have a financial impact on them.
Minister Anton Refalo told TVM announced that the government will be granting one million euro to herdsmen who produce milk and a quarter of a million euro to herdsmen who produce beef.
“Now herdsmen will be granted no less than a million and a quarter in direct payments from national funds, however we had to have EU approval. Indirectly, the herdsmen are benefiting from one and a half million for the herds fodder. This is not enough and were are looking at how we can assist herdsmen and farmers”.
Minister Refalo said that these funds may be given now because the Government took action at the beginning of the pandemic to avoid the collapse of the milk industry which could have led to the dumping of milk supply.
Despite the reduction in demand, the Malta Dairy Products said that it adjusted its production to use all the milk it received from the herdsmen.


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Since online growth has now surpassed in-store retail growth, online advertising is more critical than ever for back-to-school marketing.
Back-to-school has never been so critical for marketers as it is now. The back-to-school season hit an all-time high in 2012 of $30.3 billion in spending on grades K- 12 in the U.S. This is according to a recent trends report released by Google on the 2012 season.
Last year, both online and in-store sales were up year-over-year. This increase from 2011 is relevant because online growth surpassed in-store retail growth. Online spending was up over 15 percent compared to 4 percent in stores.
As online marketers, this is amazing data because we have the opportunity to maximize our efforts for the biggest shopping season, second only to that of the winter holidays.
Last year, the majority of consumer spending was focused on clothing and accessories (36 percent) and computers and electronics (31 percent). While discount stores topped the list for anticipated purchase channels, there is still hope for a wide variety of other retailers, particularly if you're online. Here's why.
Two major trends are colliding right now. One is the multi-device purchase path where consumers are likely to start their purchase on a smartphone, then shift over to one or more devices such as a tablet, then check out via desktop. The second is the prevalence of technology in the classroom where traditional school supplies like notebooks and pencils are being replaced by tablets and laptops.
Technology has also made it easy for shoppers to do research. Consumers are researching online, comparing prices, and looking for sales before buying.
Since consumers are researching online, it's important to be there when they are searching; not only for core products, but using that search intent to cross-sell and upsell other products in-store and online.
If you are an online advertiser in PPC ads or display, there are opportunities to capture customers. Try these five tips:
In the past, companies that provided traditional school supplies were clear-cut winners during this season, but times have changed. How have you planned to leverage the back-to-school season with your online marketing?
Lisa Raehsler is the founder and principal strategist at Big Click Co., an online advertising company and Google AdWords Certified Partner, specializing in strategy and management of SEM and PPC for search engines, display, retargeting, and social media ad campaigns. Lisa has led strategy on dozens of PPC accounts and puts her experience into practice every day as a thought leader in integrating clients' search campaigns with ecommerce websites, behavioral targeting strategies, and web analytics. She has participated extensively in the local interactive community, as well as at national search engine marketing conferences. Lisa's recent speaking engagements include SES, OMS, MIMA, HeroConf, and SMX conferences, as well as numerous private and public training engagements. As a columnist for ClickZ and Search Engine Watch, she writes on the topic of paid search. Follow her on Twitter @LisaRocksSEM.
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October 13, 2015
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On October 15-16, 2018, the nineteenth meeting of the Intergovernmental Russian-Slovak Commission on Economic and Scientific-Technical Cooperation took place in High Tatras (Slovak Republic).
St. Petersburg Technical fair to be held from 12 – 14 March 2019 in St. Petersburg, Russia will make participation even more effective.
St Petersburg Technical Fair will take place between March 12 and 14, 2019 in Cultural and Exhibition Centre Expoforum. We invite companies to take part in it!
For 14 years now, the St. Petersburg Technical Fair has welcomed experts on metal working, machine engineering, equipment building, and high-tech production, as well as developers, researchers, and anyone actively involved in the real economy sector. This event is a platform for reviewing urgent industry issues, sharing experience, and showcasing new products and technology.


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US: New allegations surface over GM ignition switch recall timeline and response
General Motors confirmed a dangerous and faulty ignition switch in about 1.6m now-discontinued small car models almost five years ago but denied the defect existed and even threatened victims' families with retaliatory legal action, a US newspaper has alleged.
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Global weather patterns have become extreme and erratic across many parts of the world due to climate change issues.
This has led to a number of weather related disasters each year impacting supply chains , curbing retail spending and increasing global commodity prices affecting consumers, businesses and the overall economy.
Nonetheless, many industries like insurance, construction and others related to rebuilding efforts tend to benefit in the long term.
- Since the early 2000s, global weather patterns have been volatile and extreme due to the effects of global warming and climate change. In 2011, there were 296 global weather related natural disasters (droughts, extreme temperatures, floods, storms and wildfires) with 243 million disaster victims globally according to EM-DAT, the International Disaster Database;
- While this was lower than the average of 349 global weather related natural disasters recorded between 2001 and 2010, the estimated economic losses from global weather related natural disasters in 2011, at US$136 billion, were the highest ever registered compared to the 2001-2010 average of US$85.3 billion;
- In 2011, floods had the highest occurrence (55.8% of global weather related natural disasters) followed by storms (30.2%). During the year, floods in Thailand had the highest economic damage from weather related natural disasters at US$40.0 billion followed by storms in the USA (US$25.0 billion) and the drought in the USA (US$8.0 billion);
- Erratic global weather patterns have a direct impact on agricultural production affecting global supply chains and prices of several global commodities. For example, by mid-2012 there was an unprecedented rise in the global prices of corn, soybean and wheat owing to the heat wave and drought in the USA and Eastern European countries like Russia, Ukraine, Kazakhstan and others;
- This increases inflationary pressures affecting consumers and businesses while governments face the challenge of financing high damage costs and rebuilding supply chains that could impede economic growth. Nonetheless, there are some industries like insurance and construction that benefit from extreme weather patterns in the long term.
Floods in Asia – highest occurrence of weather related disasters globally
- According to EM-DAT, historically floods account for the largest share or over 50.0% of global weather related natural disasters each year. In 2011, there were 173 floods globally, lower than the 2001-2010 average of 195 occurrences. However, during the year, floods claimed 140 million victims globally with a damage cost of US$70.7 billion compared to a 2001-2010 average of 107 million victims with a damage cost of US$21.4 billion;
- On a regional basis, Asia had the highest number of weather related disasters globally, at 118 in 2011 (or 39.9% of total global weather related disasters). Each year, heavy rains due to the monsoon season adversely affect millions of people in countries like Thailand, China, Pakistan, India, and the Philippines. The region suffered most damage in 2011 at US$63.9 billion with 210 million victims with the damage costs of floods in the region alone reaching US$57.0 billion and claiming 131 million victims;
- In 2011, the Philippines witnessed the highest number of weather related natural disasters globally (30 occurrences) affected mainly by floods and storms followed by the USA (23), China (14), India (12), Mexico (10), Indonesia (8) and Brazil (8). Over the last decade, most of these countries feature in the top five countries that are most frequently hit by weather related natural disasters;
- In terms of economic cost, the USA suffered the most globally in 2011 with the damage costs of storms and droughts amounting to US$59.4 billion. The country is susceptible to the Atlantic hurricane season that runs from June to November annually. Floods in Thailand (US$40.3 billion) and the combination of droughts and floods in China (US$14.1 billion) also had high economic costs during the year.
Top Five Countries with Highest Economic Damage Costs from Weather Related Disasters: 2011
Direct impact agricultural production and global commodity prices
Erratic global weather patterns reduce agricultural productivity affecting global supply chains and increasing prices of several global commodities. For example:
- The 2010 wildfires and droughts in Russia – amongst the largest exporters of wheat globally – caused a severe drop in agricultural production forcing the government to impose a ban on the export of grain amid fears that the harvest will not meet domestic demand. This not only threatened global food security but also led to a 121% increase (US$ terms) in global wheat prices between June 2010 and February 2011;
- The acute heat wave and drought in the USA in 2012 is severely affecting over 60.0% of corn and soybean production. This is crucial for global food supplies as the USA is the world's largest exporter of corn, soybean and wheat. Since the end of 2011, corn prices have increased by 45.1% to reach US$609 per metric ton in July 2012 while soybean prices rose by 28.8% to reach US$333 per metric ton in the same month;
- Torrential rains in Brazil, delayed monsoons in India and poor precipitation in Australia are dampening sugar production in 2012 which could create supply shortages and drive up sugar prices. Brazil is the world's largest producer of sugarcane and largest exporter of sugar while India is the second largest producer of sugar cane globally;
- Low stocks of staples like corn and soybean have spillover effects and raise the prices of other foodstuffs. Corn and soybean are not only used to feed animals but also produce ethanol and make cooking oil.
Food Index and Prices of Selected Commodities: January 2010 – July 2012
Implications on economies
- Weather related disasters exacerbate the problem of food shortages and affect the world's poor more severely. For example, prices of many staple cereals in Africa, particularly sub-Saharan Africa have increased by over 100% in July 2012 since the end of 2011 owing to harsh droughts in the region. In 2011, droughts and the food crises in Africa caused 21.0 million victims compared to the 2001-2010 average of 12.3 million victims;
- Although the USA witnessed the highest economic damage costs in US dollar terms from weather related disasters in 2011, low-income or low-middle income economies have higher damage costs as a share of total GDP. During the year, total damage costs in the USA represented only 0.4% of GDP compared to Thailand's 12.7% of GDP. The 2011 floods in Thailand were the most expensive natural disaster in Thailand's history;
- Weather related disasters like floods and storms could destroy a country's infrastructure, manufacturing sector and lower housing stock disrupting a country's production base. Droughts cause lack of drinking water and famines;
- Volatile weather patterns can impede economic growth. For example, in 2012, Paraguay's economy is forecast to contract by 1.5% in real terms owing to supply-side shocks in 2011 caused by a severe drought which led to agricultural losses;
- Extreme weather patterns add pressure on the supply of natural resources by causing environmental degradation. For example, the effect of climate change and high frequency of floods in the Philippines along the coastlines is causing sea levels to rise, endangering drinking water quality and agricultural productivity due to possible salt intrusion in coastal soils;
- The tourism industry in many economies like Australia, Brazil and Thailand is also affected by weather related disasters affecting tourism revenues and related industries. For example, in 2011, Nova Friburgo, the city the most impacted by the floods in Brazil recorded a drop of 50.0% in occupancy rates, resulting in its main hotels shutting down.
Implications on consumers and businesses
- High food prices and tight supply chains increase inflationary pressures, particularly in low-income food importing economies, increasing costs for both, consumers and businesses. The real food price index (1995=100) in Egypt, a net importer of food, rose by 120% between 2006 and 2011 compared to just 6.5% in Morocco or 17.6% in Jordan;
- Erratic weather can lead to fluctuations in consumer spending patterns and lead to mixed implications for the retail industry. Bad weather prevents consumers from stepping out to restaurants, supermarkets, and shopping malls deteriorating retail sales. However, according to the British Retail Consortium, online retailing picks up during extreme weather conditions, particularly cold weather, forcing people to stay at home;
- Businesses are impacted by the damage caused to infrastructure, energy distribution and drop in sales revenues. However, some industries that are climate-sensitive gain from weather related disasters. For example, warmer winters are leading to lower retail sales of winter equipment and garments and negatively impacting energy suppliers but households and businesses are benefitting from lower energy bills;
- In the long term, reconstruction efforts help boost several industries such as construction and related industries, finance and insurance. For example, Thailand's government allocated Bt350 billion (US$11.0 billion) in early 2012 on short term and long term flood defence involving the construction of dams, dykes and channels as well as dredging and reforestation.
- Incidences of weather related natural disasters are likely to increase over the coming years with the growing effects of climate change. According to EM-DAT, between January and July 2012, there were 35 occurrences of extreme temperatures globally, compared to an average of 21 occurrences in the 2001-2011 period;
- Over the coming years, extreme weather patterns will continue to have far reaching consequences on the global economy , particularly in the current scenario where several downside risks loom over the global economic outlook in 2012. Bumper crops in 2012 could have given some relief to the global economy. However, governments are concerned about an impending food crisis and the prospect of another price shock.
Republished with permission from Euromonitor Market Research Blog, originally posted on 10 September 2012


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text: For many generations people had to work hard to live…They raised much of their own food, made their own clothing and anything else they had to do to get by….Now, it appears that more people are getting back to the basics…The troubled economy and concerns about the food we eat are driving factors…We decided to see how some Mainers are becoming more self sufficient… Bob Cataan is a man who trully does wear many hats… A pharmacist by profession—bob is also a farmer, a timber harvester and veteranarian. I like the animals that are really big. They’re big enough to kinda scare you. Bob didn’t grow up with farm animals, but they’re certainly a big part of his life now.. When he’s not tending to the cattle or other critters–he can be found doing any of the scores of jobs that keep him busy…Bob is among a growing number of people who are getting back to the basics… They’re raising more of their own food and using the environment to not only save money, but to also give them peace of mind… I don’t think it was a cost savings measure, but the quality of food is dramatic compared to the grocery store. You know where everything comes from. You know what it was fed. You know what went into it regarding medicine…He’s certainly not alone… The city of Portland recently passed an ordinance that allows residents to have up to 6-hens at their homes… One of several Maine communities that have done so… There are also some people who still harvest ice during the winter like these folks in northern Maine. It will be used all summer long to keep food from spoiling and drinks nice and cold…”you might ask yourself, “what possesses grown men and women to venture out in 33 degree below zero weather to cut chucks of ice out of a frozen lake?” for the owner of several sporting camps it’s, in the words of Hank Williams Jr. A family tradition”..Family is also a big reason why bob Cataan has created his little farm.. He says you may save a little money raising your own food—once you make the initial investment for animals and equipment–but that’s not the reason he does it… He does it for his family. “do you like having animals at your house?””yeah” “why?” it’s so fun”.. they have more respect when they go to eat their dinner. At night they know what went into it from the beginning to the end. So when you leave extra you’re leaving all the extra work you did. And if there is anything extra, nothing gets wasted. It goes right back”…Just like out ancestors did … they didn’t have a choice. If you have an opportunity it’s a great way to show your kids how farm life is or how animals are and how to take care of them. Teach them some responsibility. It’s kinda a growing experience.


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LONDON (6 September 2017) – In contrast to stable or declining consumer TV sales, worldwide public display revenues are forecast to reach a healthy compound annual growth rate (CAGR) of 18.2 percent from 2016 to 2021, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.
The global public display market, which includes public-display monitors and public-display TVs used in digital signage and professional applications, can be expected to grow from $6 billion in 2016 to $13.7 billion by 2021 in revenues, and from 3.1 million units to 5.1 million units in shipments during the same period, IHS Markit says.
“In the long term, public display revenue growth will be fueled by high demand for larger-sized displays, particularly in the education and corporate space,” said Sanju Khatri, director, digital signage and professional video at IHS Markit.
IHS Markit predicts that by 2019 more than half of the revenue of public display market will originate from display sizes greater than 65 inches.
“Displays sized 65 inches are the most popular category, and those between 80 inches to 89 inches are showing fastest revenue growth in the education and corporate collaboration verticals,” Khatri said.
The use of technology in the education sector is set to increase significantly from an upsurge in digital or video-based learning. The education sector is widely implementing learning aids such as interactive flat panels in an attempt to seek greater interaction and engagement with students in the classroom.
Similarly, with the increased affordability of larger-sized displays, LCDs have become by far the most installed displays in the corporate environment. Conference room displays are considered an important asset for collaboration and communication in today’s geographically dispersed workforce.
IHS Markit will hold its Global Display Conference 2017 on September 19-20 at the Hyatt Regency San Francisco Airport. For more information, please visit http://ihsmark.it/G8Nm30eL6z8 .
About IHS Markit ( www.ihsmarkit.com )
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2017 IHS Markit Ltd. All rights reserved.
IHS Media Relations, +1 303 305 8021
SungHa Park, +82 31 8039 8771


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Mike Tyson Enters NFT Ring, Brings Mystery Box NFT Series on Binance | Technology News
Boxing legend Mike Tyson has stepped into the arena of non-fungible tokens with the launch of his NFT Mystery Box collection. Live on the Binance NFT marketplace for sale, Tyson’s NFT series showcase artworks and images from his in-ring career so far. All the buyers of this NFT series will be entitled to additional rewards. A total of 15,000 such “Mystery Boxes” are available for sale and each buyer can purchase a maximum of 50 boxes.
Henric Aryee, an award-winning illustrator and NFT artist from Stockholm, Sweden, designed the digital collectibles for Tyson’s collection.
“The Mystery Boxes consist of five NFT designs in five different rarity levels: Bronze (N), Silver (R), Gold (SR), Platinum (SSR), and Diamond (SSR). With each NFT collected, users can stand to receive additional Mike Tyson merchandise,” Binance said in a statement.
Along with artworks, digitised versions of gloves, shorts, t-shirts, and socks autographed by “Iron Mike” himself are also up for grabs.
Buyers will also get three free NFT airdrops throughout 2022.
“All Mike Tyson Binance NFT Mystery Box holders will be able to connect to an additional web portal that will verify ownership of a Mike Tyson Binance Mystery Box NFT. Once verified, all holders can input their wallet address and receive three FREE AIRDROPS of special edition Mike Tyson NFTs throughout 2022,” Binance noted.
Tyson is not the only boxer who has decided to explore the NFT space by releasing his own line of digital collectibles.
Earlier in March, two-time world heavyweight boxing champion Wladimir Klitschko released an NFT series on the OpenSea marketplace. The Ukrainian boxer wanted to collect funds for his country, that has been under war from Russia since February 24.
The sales of NFTs reached some $25 billion (roughly Rs. 1,84,700 crore) in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar showed.
This content was originally published here.


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One of the Leading Indian telecom service provider, Bharti Airtel and Google Cloud announced a partnership on Monday, 20th January 2020. As part of its Integrated ICT portfolio, through the partnership agreement, Airtel will be ..
Gmail: GK, General Studies and Current Affairs
The failed Social Network Google+ will be laid to rest from Tuesday 2nd April 2019. It was first launched in 2011 as a major competitor of Facebook and Twitter. It was Google’s 4th attempt at ..
Google has launched new online security campaign #SecurityCheckKiya in India to promote security awareness among general public. The purpose of the campaign is to protect young and first-time web users from account hijacking, safeguard Android ..
Marissa Mayer has been appointed as the new president and CEO of Yahoo – world’s 2nd largest search engine by query volume. Prior to her appointment, she served as the top executive at Google. Mayer ..


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By Maria Saporta
When it comes to running an innovative company, the consumer is king, according to a prestigious panel of business leaders speaking Wednesday evening at Georgia Tech’s Scheller College of Business.
The discussion was moderated by the Aspen Institute’s president and CEO – Walter Isaacson.
He asked Coca-Cola CEO Muhtar Kent how the company decides what new products to introduce.
“You don’t decide,” Kent said. “The consumer decides.”
For 100 years, the Coca-Cola Co. basically had one brand – Coke.
“In the last three years, we have 3,500 products and 550 brands,” Kent said. “In essence, you have to follow the consumer’s passion. When we think about innovation and how to innovate, the best ideas are outside our four walls.”
Coca-Cola has established innovation incubators in Israel and Mexico, and the innovation can be marketing, logistics as well as products. For example, Kent pointed to the green Dasani bottle, which is made with plant materials. But Kent still is not satisfied.
“We have got to dream of a bottle where somebody can drink from the bottle, and then the consumer can eat the bottle,” Kent said, getting a laugh from the audience of students and invited guests at the business school’s LeCraw auditorium.
Jonah Peretti, the CEO of BuzzFeed who was one of the co-founders of the Huffington Post, began his career as a teacher in New Orleans.
“I never planned to be in business,” Peretti said, adding he realized that through the Internet, one could reach a global audience without needing an editor or a printing press. “You can learn from the audience about what they like. Media can be part of people’s lives.”
Isaacson asked Peretti whether the notion of community through new media was being realized.
“I think what you are seeing now is a conversion of media and content,” he answered. “It’s all about the things that you share.”
Greg Coleman, president of BuzzFeed, got to know Peretti at the Huffington Post. Before that he had been senior vice president of
Reader’s Digest Association. It was there where he learned some of the do’s and don’ts of business and innovation.
“Reader’s Digest had 60 million names in its database. We were on it years before,” Coleman said. “In the mid-1990s, when I was at Reader’s Digest, we had $1.5 billion in cash in the bank. We went public in 1990. What did we do? We bought our own stock. We had this moment. We cut off a lifeline to the next new thing. It became a lot more difficult to acquire (another company). I was frustrated by that.”
Craig Menear, CEO of the Home Depot, said he knows that most of the time he’s not a change agent.
“Surround yourself with change agents,” Menear said. “In general, people don’t like change. Find people who can.”
That said, Menear said: “We’ve seen more change in the last three years than we did in the last 30. And we will probably see that again in the next three years.”
Asked about Amazon as competition, Menear said he believed it was better for Home Depot to develop its internal digital platform.
“Personally I don’t believe it will shift entirely to the digital world,” Menear said. “The millennials tell us that bricks and mortar are still hugely important.”
Isaacson asked Kent how Coca-Cola listens to millennials.
“It’s about having the courage and having the confidence to have millennials around you,” Kent said. “Make sure you stay ahead of consumer choices. You have to create enough of an eco-system around you.”
So how does one reach the consumer?
“We are moving from a world of mass marketing to mass personalization, and it’s technology-enabled,” Kent said. “Every individual starts a trend everyday. We have a hub that listens to everything that is trending around the world with our 550 brands.”
Menear also said the consumer is tops at Home Depot
“It all begins and ends with the customer,” Menear said. “If you are focused on just quarterly results, you are not going to survive.”
Businesses also have to consider more than their shareholders.
“It’s critical to understand that the old view of the world was shareholder value creation,” Kent said. “It still is, but it’s also stakeholder value creation.”
Isaacson asked Peretti what he thought would disrupt BuzzFeed.
“You don’t know what it’s going to be,” Peretti said. “You have to be continually looking and reinvesting for a longer-time.”


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As we bring this year to a close, I wanted to wish everyone a Merry Christmas and Happy New Year! This past year has seen a lot of progress for SBARC and we intend to keep it up in 2017. New licensees and current hams upgrading their licenses almost doubled this year over the two previous years. Amateur Radio is alive and well and growing!
Our new board of directors is ready to hit the ground running and pick up where this past year’s board left off. Expect to see continued improvements in our infrastructure, mesh network, club station, event opportunities and programs.
The club station WILL be open Saturday morning December 24th, so take a break from your last minute holiday shopping and stop by and say hello!
Merry Christmas and 73
Brian – K6BPM – President
Post expires at 1:00am on Monday December 26th, 2016 but will still be available in the archives.


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I like to think that when Jurassic Park’s Dr. Ian Malcolm wondered aloud about scientists being so preoccupied with what they “could” do that they never stopped to think what they “should” do, he was really talking about over-the-top Starbucks orders. Because nobody could have come up with some of these more elaborate of these drinks without years of semi-scientific and misguided experimentation.
In a now deleted tweet, a self-identified Starbucks barista, @projectjosiee, posted a photo of a drink he supposedly had to make at work. It was a venti Caramel Ribbon Crunch Frappuccino with a whopping 13 extra additions, including extra ice, five “banana,” and seven pumps of dark caramel sauce. He’s also been posting on TikTok about the drink going viral.
However, instead of discouraging people from making their barista’s lives a living hell, the tweet has inspired more people to order this exact drink, now dubbed the “Edward” for the name of its assumed inventor.
Our store has just been cursed a few minutes ago – I had the privilege of taking the order (thankfully not the privilege of MAKING it!)@ProjectJosiee , you have unleashed a torrent of Edwards upon the land! XD
— Ausup (@TheAusup) May 4, 2021
Some have pointed out that ordering through the app encourages customers to go wild since no one has to face the shame of saying “please make sure it’s seven pumps of the dark caramel sauce, not six, because I am a special little boy who needs his seven pumps” to someone else’s face. But according to other Starbucks workers, there are plenty of customers who have no problem being this high maintenance in person.
Of course tweets like these spark discourse over the nature of service work and what’s reasonable to order and expect. On one hand, you have people who say if they want to pay $15 for a drink with twenty extra additions, all of which are readily available and on offer at Starbucks, they should be able to do so. On the other, people note how off-menu-to-the-point-that-you’re-just-inventing-something drinks are a lot of extra work and time for those performing an already demanding job, and that these time-consuming orders are an inconvenience to other customers, as well.
Starbucks has sided with the former, saying that customized drinks is part of the Starbucks appeal. In a statement to Fox News, the company said, “Customizing beverages at Starbucks and our baristas’ expertise in helping customers find and craft the right beverage has and always will be the heart of the Starbucks Experience. There are many ways for customers to modify their favorite beverage at Starbucks and most customizations are reasonable requests from customers.” They stop short of whether saying what an unreasonable request might look like, but apparently the Edward isn’t it.
But mostly, I want to know how many times Edward had to order this particular beverage until he landed on this combination of 13 additions. Was four banana too little, and six banana too much banana? Why was single blended not enough? Isn’t the single pump of honey completely overwhelmed by…everything else? What is the sugar crash like?? I love academics.


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I Banchi, bakery with a kitchen, has received an important recognition that nicely ornaments the recent reopening. The Guide of L’Espresso awards one hat to its educated cuisine. It’s a good result to celebrate the reopening. And it reaffirms the vocation for quality, support of the local suppliers, eco-sustainability, clean food and circular food economy. Also, for the last few weeks, the bakery has been offering only organic bread made from ancient Sicilian grains.
I Banchi takes a daily commitment to offer the best to the best, from breakfast to aperitif, passing through pizzas, scacce, arancine and a menu where tradition evolves, improving every time in taste and digestibility.
I Banchi is your well-being address, featuring an ever courteous service by chef Peppe Cannistrà, general manager Gabriella Cicero, cellar and drinks manager Mattia Lorenzo, and maître d ‘dining room Rossella Nocchiero.
A practical mind


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Elara Ashwamedh Conference 2022
Enodo Economics Chief Economist Diana Choyleva took part in the Elara Ashwamedh Conference 2022 on 5th of September in Mumbai.
As India marches forward, it has reached a decisive stage in its journey toward prosperity amidst a post-pandemic world be sieged by the Russia-Ukraine War and the ever present China bogey. It is a journey froth with supply chain issues, high inflation, tightening of financial conditions and commodity price hikes. Even in the face of these challenges, tectonic shifts are reshaping India’s economy. Formalization of labour & payments, mushrooming of IT services in Tier-II towns, digitalization, creation of manufacturing capabilities in new-age sectors, inclusive growth, equitable access to services and declining poverty are gradually changing the nation’s socioeconomic fabric and adding resilience.
Focus on reforms and structural initiatives, such as production linked incentive schemes and import substitution
mechanisms, defence and new energy capability via the Make in India and carbon neutral initiatives, Web 3.0 and digital ecosystem, export promotion and diplomatic influence through FTA and symbiotic reciprocity that bolster economic nationalism will shape the nature and extent of India’s outreach within the Indo-Pacific region and beyond.
Diana Choyleva presented her views on the global impact of China’s economy, politics and markets.
You can watch her speech HERE.


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Myers Industries, Inc. (MYE) Holdings Lowered by Nationwide Fund Advisors
Nationwide Fund Advisors trimmed its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 16.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,349 shares of the industrial products company’s stock after selling 2,390 shares during the quarter. Nationwide Fund Advisors’ holdings in Myers Industries were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in MYE. KBC Group NV raised its position in shares of Myers Industries by 183.5% during the 2nd quarter. KBC Group NV now owns 5,695 shares of the industrial products company’s stock worth $102,000 after buying an additional 3,686 shares in the last quarter. Thompson Davis & CO. Inc. raised its position in shares of Myers Industries by 44.4% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,656 shares of the industrial products company’s stock worth $102,000 after buying an additional 1,738 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Myers Industries by 99.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,637 shares of the industrial products company’s stock worth $155,000 after buying an additional 4,315 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Myers Industries during the 1st quarter worth about $187,000. Finally, Arizona State Retirement System raised its position in shares of Myers Industries by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 11,486 shares of the industrial products company’s stock worth $206,000 after buying an additional 100 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.
Myers Industries, Inc. (MYE) opened at $20.75 on Tuesday. The stock has a market cap of $633.11, a P/E ratio of 50.73, a PEG ratio of 14.15 and a beta of 1.78. The company has a quick ratio of 1.06, a current ratio of 1.56 and a debt-to-equity ratio of 1.62. Myers Industries, Inc. has a 52 week low of $13.20 and a 52 week high of $22.65.
Myers Industries (NYSE:MYE) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The company had revenue of $144.10 million for the quarter, compared to analysts’ expectations of $138.93 million. Myers Industries had a net margin of 1.24% and a return on equity of 12.93%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. research analysts expect that Myers Industries, Inc. will post 0.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, November 30th. Myers Industries’s dividend payout ratio (DPR) is currently 234.78%.
Several brokerages have recently issued reports on MYE. KeyCorp reaffirmed a “sell” rating and issued a $15.00 price objective on shares of Myers Industries in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Myers Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub cut shares of Myers Industries from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Myers Industries has an average rating of “Hold” and an average target price of $17.50.
About Myers Industries
Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling and Distribution. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America.
Want to see what other hedge funds are holding MYE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Myers Industries, Inc. (NYSE:MYE).
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SaaS pips fintech as largest unicorn creator in 2022: Orios
However, many of the SaaS unicorns reached the coveted $1-billion valuation on the back of inflated price-to-valuation ratios, Orios managing partner Rehan Yar Khan told ET.
Uber, Ola, Dunzo among worst platforms for gig workers: Fairwork India report
Top performer this year was Urban Company, followed by BigBasket, e-commerce marketplace Flipkart and food-delivery platform Swiggy
Flipkart Health+ plans to go pan-India: CEO
The Flipkart Health+ platform currently offers 83,000 prescription medicines and healthcare products, delivering to over 20,000 pincodes.
Big valuation reset coming for Indian startups next year: Flipkart’s Kalyan Krishnamurthy
Indian startups will go through a lot of turmoil and volatility over the next 12-18 months, Krishnamurthy said, speaking at the Economic Times Startup Awards 2022.
PharmEasy prepares Rs 750 crore funding through convertible notes
Prosus Ventures, Temasek and others participate; online pharmacy reconsidering external fundraise amid funding slowdown
Clinikally raises $500,000 in funding from Y CombinatorA recent report by public policy think tank Niti Aayog estimated healthcare as one of the fastest growing sectors of the Indian economy, fuelled by rising incomes, access to insurance, and affordable services. The healthcare market in India is expected to touch US$ 372 billion by the end of 2022.
Instant grocery delivery startup Zepto explores pharmacy delivery service"There will be a lot of innovation that will need to be done in the space. This is something we will focus on in the medium to long term and probably not in the short term," Zepto founder Aadit Palicha said.
Drug distributors' body against discount offers"We have asked the government to intervene and issue an order to stop advertising, displaying and offering discounts," said Sandeep Nangia, president of Retail Distribution Chemist Alliance.
Tata-owned 1mg, PharmEasy go offline for omnichannel presenceTata-owned 1mg is set to open its first physical store in Gurugram next month while rival PharmEasy has started to expand across the offline channel through franchise stores.
Flipkart enters crowded healthtech sector with SastaSundar acquisitionThe Flipkart-SastaSundar deal comes when India’s largest online pharmacy PharmEasy has filed papers for a Rs 6,000-crore IPO and Tata and Reliance have entered the healthtech space with their acquisitions of 1mg and Netmeds, respectively.
PharmEasy closes pre-IPO funding round at $5.6 billion valuationPharmEasy founders — Siddharth Shah, Dhaval Shah, Dhramil Sheth, Harsh Parekh and Hardik Dedhia — have received new stock options ahead of the online pharmacy’s IPO, a growing practice among startups for wealth creation ahead of a listing.
PharmEasy acquires Aknamed in $180-$190 million stock dealThe acquisition, which is similar to its purchase of Thyrocare in June, is part of the Mumbai-based company’s plans to position itself as a broader online healthcare firm, diversifying from being just an online medicine delivery platform.
PharmEasy parent API Holdings strengthens board ahead of IPOAPI Holdings — the parent company of PharmEasy — has appointed five independent directors to its board. India's biggest online pharmacy is likely to file its IPO papers by October for a listing later in the fiscal year.
It was the right time and right way to exit, Thyrocare's A Velumani saysArokiaswamy Velumani, who quit a government job at the Bhabha Atomic Research Centre to start Thyrocare in 1995, on why he decided to sell his company to PharmEasy and what he plans to do next.
Entry of big firms in healthcare space will benefit users: PharmEasy's Siddharth ShahAPI Holdings' Siddharth Shah on what’s next for Thyrocare after the PharmEasy deal, API’s existing online drug delivery business, and what he makes of deep-pocketed rivals Reliance and Tata Group. Excerpts from the interview:
ETtech Exclusive: PharmEasy gets $300 million booster shot for Thyrocare dealPharmEasy has raised $300 million more, bringing the total funding received by the online pharmacy since April to $650 million, most of which will be used to fund its ongoing acquisition of diagnostics chain Thyrocare.
PharmEasy to acquire 66% stake in Thyrocare for over Rs 4,500 crorePharmEasy is acquiring a majority stake in diagnostics chain Thyrocare Technologies, in what the online pharmacy claimed was the first ever acquisition of a listed company by an Indian startup unicorn.
Flush with Tata cash, 1mg plans pan-India, one-hour medicine delivery1mg has already started delivering medicines in 4-5 hours of placing an order in parts of New Delhi and Gurugram, and will ramp up the service into an express delivery vertical across the country.
After BigBasket, Tata Digital acquires online pharmacy 1mgThe Tata-1mg deal comes at a time when Reliance Industries has entered the online pharmacy space by acquiring Netmeds and PharmEasy has absorbed smaller rival Medlife ahead of an IPO.
Pharmeasy eyes IPO at $3 billion valuation, buys rival MedlifePharmeasy acquired smaller rival Medlife, in the largest consolidation deal in India's fast-growing online pharmacy sector
Social media but with an empathy filterWe take a closer look at how the pandemic has inadvertently led to the humbling of the humblebrag.
Online pharmacy firms see massive order surge in second waveHigh caseloads in cities coupled with regional lockdowns, especially in large metros, has pushed consumers to order online than visit offline pharmacies and diagnostic centres
Pharmeasy parent enters unicorn club at $1.5 billion valuationPharmeasy’s $350 million funding round comes at a time when Reliance, Tata Group and Amazon are looking to tap the online pharmacy business by way of acquisitions.
Pharma Inc takes a giant digital leap with ABCD TechLeading pharma companies Sun Pharma, Lupin, Cadila Healthcare, Torrent Pharma, Dr Reddy’s Labs and Cipla have come together to invest in a healthcare services firm ABCD Technologies (to be renamed as IndoHealth Services) with an objective of digitalising healthcare infrastructure in India.
Prosus in talks to put $200 million into PharmEasyProsus is expected to get a double-digit stake in PharmEasy's parent. Private equity major TPG Capital is also picking up about 7% stake in the company as part of the broader funding round.
2020 Year in Review | How Covid-19 is reshaping online pharmacy in IndiaIndia’s online pharmacy sector, dominated by Pharmeasy, 1mg and Netmeds, was among the biggest beneficiaries of the pandemic-induced lockdown. Now, Reliance, Tata and Amazon are looking to make the most of the boom.
TPG looks to acquire 7% stake in Pharmeasy parent API HoldingsTPG's proposed investment in Pharmeasy comes at a time when Amazon is looking to invest as much as $100 million into the Apollo PharmacyLoad More
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According to a report by Tolo News, Ashraf Ghani, the President of Afghanistan, has issued a demand which forbids Pakistani trucks to cross its borders through the Spin Boldak and Torkham border crossings. On Sunday, the Afghan transport ministry declared that Pakistani trucks will just be authorized to drive until they reach the border crossing. At the crossing the drivers must unload their cargo and convey it to the Afghan trucks. Up till this stage, Pakistani trucks were allowed to cross the Spin Boldak and Torkham borders into Afghanistan. A lot of them transported their cargo through further borders to other countries in Central Asia.
APTA (Afghanistan & Pakistan Trade Agreement)
Hekmatullah Qawanch, spokesman for the Afghan transport ministry, stated that before the expiration of APTA, Pakistan disallowed trucks from Afghanistan from entering their territory. He added that they are doing the same now and therefore Pakistani trucks will unload their cargo at the borders where Afghanistan trucks will transport the cargo to the ports of Shir Khan and Hairatan.The militants of the Tehreek-e-Taliban, based on Afghan territory, were blamed by Pakistan for launching attacks into Pakistan during the past year. Pakistan urged Kabul to eliminate their militant-sanctuaries. In turn, Afghanistan alleges Islamabad of giving shelter to the Afghanistan Taliban leadership, who are fighting the government in Kabul, which is backed by the West. Both countries deny the mutual accusations of aiding the militants, but during the recent years relations acidified between the two countries.


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Samsung and LG agreed to stop the ongoing legal disputes between LG Display and Samsung Display - thus ending a very long court battle that involved technology theft accusation, stolen TVs and even broken washing machines. The two companies ended all current disputes, and agreed to not take new legal actions - and try and settle all issues through dialog.
In past years we've heard of several lawsuits launched by both sides and even accusations of stolen prototype TVs. In 2013 two two Korean arch-rival agreed to resolve their OLED dispute and they even considered cross-licensing patents and dropped all OLED lawsuits against each other, but settlement negotiation failed. Maybe this time they will finally make peace.
This news is truly interesting - especially when we consider yesterday's report that Samsung decided to go back into the OLED TV market, with LG's patented WRGB architecture. Perhaps Samsung's wish to adopt LG's technology in their future OLED TVs is what drove them to finally make peace with LG. This is pure speculation at this stage.


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Finding the best web designer can help you create a site that properly represents your business.
Tech and automotive companies are doing lots of research to integrate mobile technologies in cars.
Improving the user experience on your website can also improve your Google page ranking and ultimately, your brand.
Google is embracing the importance of content and is looking for ways to better gauge its quality.
Europe is seen less aggressive in investing in the tech sector compared to the United States.
Ukraine’s tech industry is attracting more investors. Here are five companies to watch out for.
As part of the deal with Twitter, Google has incorporated tweets in its search engine results page.
Smartphones have various uses these days, from entertainment to games to browsing the internet and more that most people have developed a dependency on them.
Brands should redesign their websites to be mobile-friendly or their rankings in Google’s SERPs will suffer.
The numbers of advertisers spending on mobile ads have been steadily increasing over the years.


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Beer and pubs body urges help as figures show 70m pints could be poured away
Written by Skywave Radio News on May 15, 2020
Up to 70 million pints of beer will have to be destroyed from pubs after they were forced to shut due to the Covid-19 crisis, new research suggests. Pubs closed on March 20 and will not reopen until July 4 at the earliest, according to the Government’s recently published road map.
That time period will mean that much of the beer left in storage in pubs will be spoiled by the time they reopen, said the British Beer & Pub Association.
The trade body said it was heart-breaking to see so much British beer poured away.
Some unsaleable beer has been used as feed for anaerobic digesters to create organic fertiliser for farming, as well as reused as animal feed.
Emma McClarkin, chief executive of the British Beer & Pub Association, said: “It’s a great shame that so much great British beer that should have been enjoyed in community pubs up and down the country has gone to waste.
“People won’t have a chance to drink it as it will go off before pubs can reopen.
“Whilst it is good news that some of the beer can be re-used to help out other sectors affected by Covid-19, such as farming, it is still sad that people are unable to enjoy this beer.
“The need to destroy so much beer really shows how much our brewing and pub sectors have been affected by this crisis.
“We believe that pubs should only open when safe to do so, but without additional support now – particularly for those who won’t be able to reopen sooner – many more of our nation’s pubs and the brewers that supply them with beer will struggle to survive closure and beyond. The Government needs to give our sector much more support.”
Published: by Radio NewsHub


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"We are very pleased to open this new franchise. The staff here are all relishing the prospect of promoting the brand and establishing ourselves as one of the country’s leading Chrysler, Jeep and Dodge dealers," Fred Heritage, Managing Director and Dealer Principal of Heritage Leicester, said.
"We are very proud to be the only Chrysler, Jeep and Dodge dealership here in Wales and have a strong range of vehicles available with a great reputation. I look forward to delivering a first class service to our new and existing customers," Managing Director and Dealer Principal of James & Jenkins, Mark James, added.
Chrysler will bring several models in Europe as part of the strategic alliance with Fiat, including vehicles which were until now available exclusively to Americans. Furthermore, it will begin selling rebadged versions of European models that will help it improve fuel efficiency of its product lineup in the United States.
"I am delighted with the continued expansion of the Chrysler network and believe this will further enhance the success of Chrysler vehicles in the UK. Both new dealerships have a wealth of experience in the motor industry and we are very pleased to welcome them into our network of dealers," Federico Goretti, Managing Director at Chrysler UK Ltd, said.


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Crystal Dynamics has announced via Twitter that the PS3 version of Lara Croft and the Guardian of Light has finally received co-op play via a downloadable patch. The feature was hyped before the game was released, but was sidelined when it wasn't finished on time.
Guardian of Light was a critical part of Microsoft's Summer of Arcade promotion, so even though it wasn't complete, it was released at full price. Crystal Dynamics promised to introduce co-op mode via a 360 patch by the time the PS3 version came out in September.
That didn't happen, and in a press release about the PS3 version, the publisher changed its marketing message to exclude co-op hype, mentioning only that it would be added at a later date with a patch. The Xbox 360 version finally got its patch last month, but until today, the PS3 version was not addressed.
Finally, today, Crystal Dynamics posted this message on Twitter: "PS3 online co-op title update is now live! Huzzah!"
The ordeal has made it apparent how different game publishing is today. In previous generations, there was no room for error, but online connectivity now has developers and publishers viewing games as evolving products. Release-day bugs in games like CoD: Black Ops and Fallout: New Vegas are being patched after the fact, and entire features, like Guardian of Light's co-op mode, are being retroactively included (the PC version, by the way, is still unpatched).
What do you think - has the ability to patch games caused them to suffer at launch? Or is it preferable for games to be released on time with the understanding that they'll be patched?
[Source: Twitter - Crystal Dynamics]
Nov 22, 2010
Lara Croft and the Guardian of Light will be released even though it's not finished
Not-quite-ready co-op mode will be added as a future game update
Lara Croft - NUDE!
VIDEO - Your favorite tomb raider in the buff
Finally, Lara Croft short shorts for your 360 avatar
Lara Croft and the Gaurdian of Light avatar items and premium theme incoming


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HAIKOU, Sept. 18 (Xinhua) -- Major global automakers and experts have called for more intensive cooperation in the field of new energy vehicles (NEVs) to achieve the goal of carbon neutrality.
Speaking at the 3rd World New Energy Vehicle Congress (WNEVC), the international participants said since China is the biggest auto market in the world, they are willing to work with Chinese partners to fight against climate change for a clean, beautiful world.
Themed "Comprehensively promoting marketization, accelerating cross-industry integration, jointly achieving carbon neutrality," the three-day event was held in Haikou, capital of south China's Hainan Province, from Sept. 15 to 17.
John Edwards, British Trade Commissioner for China, said he encourages more Chinese companies to explore collaboration opportunities with the UK and help shape the battery and new energy vehicle market.
"Both China and the UK have detailed plans for zero-emission vehicles. I firmly believe, through exchanges and cooperation such as in this event, we can accelerate innovation, and foster a successful environment to meet our zero-emission vehicle objectives," Edwards said.
As a company that has operated in the Chinese market for decades, BMW expressed its support for the green transition in China.
The German automaker said it will provide more zero-emission vehicles for the Chinese market and expand the scale of public charging stations by collaborating with Chinese companies. BMW is forging cooperation with Chinese tech giants to help startups in tech innovation, BMW chief of development Frank Weber said in a video speech.
Global auto-system supplier ZF has set up nearly 50 manufacturing companies and four R&D centers in more than 20 cities in China.
Holger Klein, member of the board of management of ZF Group, said the company will continue to enhance its innovation and development capabilities and promote digital manufacturing for the Chinese NEV market, and contribute to China's sustainable development and next generation mobility.
Noting that China is the largest electric vehicle market, Hans Georg Engel, senior executive vice president of Daimler Greater China Ltd., said the company will set up an R&D center in Beijing with over 1,000 engineers and will continue to invest in China to make its research capabilities more remarkable.
To be specific, Daimler will focus on the research and development of electric cars and battery technologies to provide customized products to meet the demand of Chinese consumers, he added.
German automaker Volkswagen plans to build 17,000 high-power charging piles in China before 2025 and 32,000 by 2030, according to Liu Yunfeng, vice CEO of Volkswagen Group China, noting that achieving carbon neutrality requires effort from every country across the world.
Liu's remarks were echoed by Carlos Manuel Rodriguez, CEO of the Global Environment Facility, who urged intensive cooperation in terms of technologies and markets to help the development of the NEV industry in developing countries.


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Mumbai: Veteran sports marketing and management professional Sundar Raman is joining Reliance Industries as its 'Chief Executive Officer - Sports' to consolidate and drive the group's initiative in this area, according to a statement released by RIL on Monday.
In addition to the existing sports properties of the group and its non-profit foundation, Sundar Raman will be driving newer avenues of growth in this area, as also the integration with the digital services of Jio, the statement added.
"Sundar brings with him a rich and unique experience of over two decades in understanding consumer insights and as a pioneer in the growth of sporting properties in India," the statement added.
"Reliance Industries has a huge aspiration in the sports area. The opportunity to be engaged in integrating the entire sports portfolio and make Sports also an integral and important element in the group's growth will be an exciting journey," Sundar Raman, former Chief Operating Officer of IPL, said.
Over the past few years, the RIL group has invested in a variety of sports properties, including cricket, football, basketball, tennis and golf. The Reliance Foundation also has several grassroots initiatives like Young Champs.
With IANS inputs
Disclaimer: Firspost.com is a part of Network18 Group which is owned by Reliance Industries Limited
Updated Date: Nov 16, 2015 17:21:22 IST


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Two holidaymakers were charged more than £500 for two drinks and a plate of crab legs.
The couple were served at a beach bar in Mykonos in Greece.
Brenda Moulton and her daughter Kaylea, 19, claim the DK Oyster Bar “lured” them in before grossly over charging them for the snack.
Ms Moulton told the Greek newspaper θEMA:
“An employee of one of the restaurants in Platis Gialos jumped in front of us and started saying persistently: “Sit here! Sit here!”
The couple said they had a mojito each and one plate of crab to share.
The bill – including a “mandatory” £65.00 tip – came to £511.00.
Ms Moulton, an American, refused to pay telling staff: “two mojitos and two crab legs cannot make more than £500”.
She claimed a member of staff told her to pay or she would not be allowed to leave the country.
She said: “He said he would call the police.”
“’They will keep you here and you will not return to your homeland.
“We can easily find where you live’”.
Under duress, the holidaymakers paid and left the restaurant.
However, they lingered outside to warn other potential customers to stay clear of the DK Oyster Bar.
Ms Moulton says “the ‘boss’ of the store came out furious and approached us in a threatening mood”.
Ms Moulton is now taking legal action against the bar.
Platis Gialos is famous for its expensive luxury hotels and restaurants.
Consumer reports of rip-offs in the area are common.
One recent review of the DK Oyster Bar said:
“Pushy staff will trick you into a higher bill… and intimidate you into paying it”.
Another said: “The bill was over €400 for a couple of badly made drinks”.


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The dream of owning a piece of Oscar de la Renta just became closer to becoming a reality.
Ranging from an armored gauntlet in a First World War poster by Ludwig Hohlwein to glistening talons advertising Japanese nail polish in the 1980s, the disembodied hands in this exhibition salute, menace, manipulate, and caress.
As Pete Cashmore said in December of 2012, 2013 will be the year of responsive web design. Today, we are proud to announce that we have joined the trend.
Riccardo Tisci will continue his reign at Givenchy. Givenchy extended Tisci’s contract for another three years showing faith in the creative director’s vision, designs, and business plans.
For weeks, people have been speculating, dissecting, and hypothesizing about the potential sale of Intermix to Gap. Well folks, it happened.
The Selby’s continuous journey which explores homes & studios around the world have finally paid a visit to Louboutin’s home and studio in Paris, France.
The ‘San Francisco’ video clip captures the kaleidoscopic and blurring world that the artist was forced to inhabit the week just before shooting it.
Louise Goldin wows the New York Fashion Week crowd, on this her sophomore showing on the other side of the pond.
“Fame”-themed online auction to feature works by Avedon, Basquiat, Colen, Guyton, LaChapelle, Lowman, Phillips, Prince, Warhol and others
The weather may not have been in Marc Jacob’s favor, but that didn’t stop him from mounting what would be New York Fashion Week’s piece de resistance.
The work of Angel Olsen is entirely her own: a raw, glowing sound that stands out now just as much as it did in 2010.
Art Director, Creative Director, Artist, Designer, Illustrator, Photographer and conceptual thinker Brock Davis had put together a collection of his favorite iPhone photos from 2012.
With a new full-length rocktronica album scheduled for release in March 2013, new DJ music coming and an official remix of the The Doors – Waiting For The Sun, the group plans to have a very busy upcoming year.
Ruins in Reverse is the result of a curatorial collaboration between Tate Modern in London and the Museo de Arte de Lima in Peru, a partnership which will be celebrated by a new commission from José Carlos Martinat.
Street-style photographer Roza Sinaysky went wondering throughout the streets of Paris to document some of the outstanding moments in Fashion Week.
Gregory Parkinson pulled a quick 180, leaving his signature taste for resplendent colors back in the studio to deliver a deep and moody Fall lineup.
Shane Gabier and Chris Peters of Creatures of the Wind balance their whimsy and consumer-mindedness for fall, but it’s their folksy roots that win out.
Usually the words undone in fashion work as a semi-polite way to say unfinished, broken, or just no good, however Prada managed to turn it around and make undone chic and desirable.
Bill Brandt: Shadow and Light is organized by Sarah Meister, Curator, with Drew Sawyer, Beaumont and Nancy Newhall Curatorial Fellow, Department of Photography.
Dead Poets Society goes to the drive-in in Christopher Kane’s latest ghoulish menswear collection.
It is an exciting evening for gentlemen around the world. Ermenegildo Zegna has relaunched their online website, Zegna.com.
Fendi has offered its financial assistance to restore five fountains around the city of Rome, starting with the Trevi Fountain.
Espionage inspiration is kind of a funny one. For a career that wants you to blend in, fashion designers who use the spy world as inspiration sure make it difficult.
Explore New York City through Carsten Witte’s lens: a stunning set showcasing the architectural photographs taken by Carsten Witte of New York City.
Nicholas Kirkwood becomes first accessories designer to win the award.