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In a rare moment, cameras caught Ivanka Trump wearing the same outfit twice on March 30.
What's more, Ivanka chose to recycle a $113 Oasis purple dress -- not an outfit from the Ivanka Trump collection, whose dresses she usually wears, the Daily Mail reports.
But she did finish the out with the collection's metallic sandals, Footwear News reports.
The first daughter wore the dress to a party held by her in-laws on March 30 after previously wearing the purple pleated design on Jan. 6, with different accessories.
Her recycled outfit captured the attention of many on social media.
"Of course she has to economize, that's what happens when you choose not to develop a skill or work ethic and try instead to skate through life on family connections built on a bedrock of criminality and graft," wrote one Daily Mail reader.
Some defended Ivanka.
"It seems no matter what this beautiful woman wears, she is guilty of some violation worthy of comment by the fashion police," shot back another. "I suppose that she would even be besmirched even if she wore one of those ghastly female leisure suits from Hillary's 'Summer Frump' collection."
News of the recycled dress comes only only a day after it was announced Ivanka will be working in an unpaid official White House role.
"I have heard the concerns some have with my advising the President in my personal capacity while voluntarily complying with all ethics rules, and I will instead serve as an unpaid employee in the White House Office, subject to all of the same rules as other federal employees," she said in a statement.
The recycled purple dress is just one of many of Ivanka's outfits that have sparked controversy.
About a month earlier, Ivanka upset many after wearing a $4,000 off-the-shoulder red dress that was not designed by an American to Congress, reports the New Zealand Herald. Some thought the dress, which looked like it had a bra strap showing, was too sexy for a formal occasion.
"Show respect for the institutions of our democracy," tweeted one person. "Your dress is fine for cocktails but not for a joint session of Congress."
Ironically, President Donald Trump specifically emphasized the importance of buying American during his speech that day, making the outfit even more controversial.
"This effort will be guided by two core principles," President Trump said, Cosmopolitan reports. "Buy American and hire American."
Many took to social media to express their anger.
"Dad said Buy American so Ivanka wore a French designer's dress #hypocrisy," wrote one Twitter user.


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Good news! Microsoft Teams allows free all-day video, voice calling: All you need to know
In a bid to take on Zoom, Google Meet and other video calling platforms, Microsoft has introduced free all-day video and voice calling on Microsoft Teams. The free offering will help users connect with up to 300 participants for as long as 24 hours.
In a bid to take on Zoom, Google Meet and other video calling platforms, Microsoft has introduced free all-day video and voice calling on Microsoft Teams. The free offering will help users connect with up to 300 participants for as long as 24 hours. Microsoft made the new announcement just days after Teams rival Zoom announced that it would temporarily lift its 40-minute meeting limit on Thanksgiving Day.
Along with this, Microsoft Teams is also introducing a new feature which allows users to create a group chat with up to 250 people and see up to 49 members simultaneously during virtual conversations. The company confirmed the development through a blog post.
“To help you stay connected in the coming months, you will be able to meet for 24 hours with up to 300 participants until further specified,” the company said.
Users can join a virtual call on Microsoft Teams without requiring a Microsoft Account or the Teams app. The participants can be invited to calls by sharing a link that can be accessed directly from a Web browser. This works similar to Zoom, Google Meet, and other similar video conferring platforms.
To take on Zoom in another aspect, Microsoft Teams desktop and Web apps are also adding support to see up to 49 friends or family members in a gallery view or through the Together Mode feature that was introduced in June to reduce fatigue. So, now you can see everyone on the call in the same page.
Microsoft is additionally bringing support to upload and share photos and videos directly from a computer in any personal or group chat. It also plans to update the mobile app with a feature that allows user to communicate with contacts who don't have it installed on their phones. The recipients will get messages via SMS. However, they will also receive a link to download the app.
Microsoft is initially bringing SMS support to the Teams app in preview for its users in the US and Canada. The app is also getting the option to add group events from chats to the device's calendar, receive task and location updates in the activity feed, and add photos to personal Safe.
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domain: news


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Coca-Cola New Zealand is staying true to its commitment to help Kiwis consume less sugar by continuing the rollout of the Health Star Rating System. The voluntary front-of-pack system replaces the current energy icon.
The Health Star Rating System was adopted by the New Zealand and Australian Governments in 2014 as a way to rate the overall nutrition profile of packaged foods and drinks. The products are given a rating between half a star to five stars which provides consumers with a quick and easy method to compare products.
“The move to the star icon is an example of how seriously we take our responsibility to provide meaningful information to consumers.” Said Chris Litchfield, Managing Director NZ and Pacific, Coca-Cola Europacific Partners New Zealand.
The first of Coca-Cola New Zealand's products to switch to the star system was Coca-Cola Classic with a half star rating. However, it is to be implemented across all products including Schweppes Ginger Beer, also with a half star, to Kiwi Blue Water, with a five-star rating.
Alongside the packaging switch, Coca-Cola is committed to reducing the levels of sugar in its products and since 2015 it has reduced sugar across its entire portfolio by 13 percent. It has also increased the availability of smaller 300ml pack sizes, stocking at 97 percent of major retailers.
“like me, many New Zealanders are actively trying to eat and drink less sugar. We’re committed to giving people more of the drinks they want. And, as a leader in the beverage industry in New Zealand, we choose to do more – not just say more – when it comes to helping Kiwis consume less sugar from our beverages.” Said Julie O’Toole, Director and Country Lead, Coca-Cola Oceania.


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Vasakronan sells properties in Lund to Stena Fastigheter for MSEK 370 (EUR 35.7M).
Stena Fastigheter will construct 550 new apartments, a new grocery store, preschool, senior home, restaurants and venues adjacent to Högsbohöjd in Gothenburg.
Nordic Property News lists the largest owners in Sweden’s three biggest cities today the turn has come to the only Swedish city with an established English name: Gothenburg.
Nordic Property News lists the largest owners in Sweden’s three biggest cities starting with Malmö.
After a major deal with Stena Fastigheter, Folksam is starting to pick up speed in Gothenburg. Lars Johnsson, Manager of Folksam Group's real estate division, tells Nordic Property News of the company's future plans for Gothenburg, the city’s attraction and why they look for off market deals.
Profi Fastigheter purchases Handenterminalen in Haninge from Stena Fastigheter.
Stena Fastigheter purchases 1,225 apartments and an LSS facility (89,000 sqm) in Landskrona from municipally owned Landskronahem, for over SEK 1 billion (€110M).
Stena Fastigheter and Ikano Bostad purchases Pripps’ former brewery area in Högsbo, Gothenburg, from Catena for MSEK 580 (€62M).


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X-Press Feeders started new weekly shuttle service, Matadi Shuttle X-PRESS (MSX), that runs between Pointe Noire and Matadi. The shuttle has started with 618 teu LIMASSOL at Pointe Noire on 3rd August. (source: X-press)
Container liners proved to be able to generate values for shareholders despite of the cyclicality of their operating performance. From 2000 to July 2022, container liners returned over 700% to their shareholders whereas during the same period MSCI World returned only 440%.
Global container port volumes have remained resilient in July with aggregated throughput from Linerlytica’s port sample of over 200 ports reaching an estimated new high of 67.07m teu for the month. Chinese ports posted a strong 10% growth in July, led by very strong gains in Shanghai and Ningbo. The volume recovery since lockdowns in Shanghai and parts of Jiangsu province were eased have helped to push the strong volume recovery in the Eastern China ports. Total throughput at Chinese ports re
European port congestion picked up over the past week especially in Rotterdam where the number of vessels waiting at anchorage rising very quickly while yard capacity utilization has reached critical levels. Barge traffic has been affected by low water on the Rhine as well as diversions from UK to avoid the Felixstowe port strike. This is relieving congestion at ports further downstream, with German ports seeing a slight reduction in the vessel queues. There were no material change in the numb
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202233] Port congestion remains flat globally, with the start of the 8-day strike at Felixstowe having only a limited impact. Just 2 containerships are currently in the UK port, with 3 more ships scheduled to arrive after the end of the strike window. Asia Europe freight rates are still falling sharply providing further warning signs that softening demand is outweighing the impact of bottlenecks across supply chain. Contrac
OOIL reported its interim results during lunch last Friday (19th Aug). The results were great in most counters, e.g. 31% QoQ, 101% YoY and then 70% dividend pay-out ratio. But the top line report a month ago has already suggested OOIL earnings may be up $1.2-1.3bn HoH, which is more of less what OOIL report for the bottom line last Friday. The dividend pay-out ratio now becomes a guestimate for its shareholders as OOIL has paid out between 100% and 50% last two rounds. Having a net cash positi
Iris Logistics has launched its first intra-Asia service with the 1,118 teu IRIS PAOAY that has been redeployed from its previous Philippines-Los Angeles transpacific run. The new service will call at Manila, Bangkok, Laem Chabang, Ho Chi Minh City, Manila starting from 15 August 2022 with its inaugural call at Ho Chi Minh City. Iris Logistics is a subsidiary of the Royal Cargo Group and it operated previously as Royal Cargo Lines (RCL). It started as a representative office of German freight
COSCO is starting a new Southeast Asia to Middle East and India connection with AGI2 starting with 2,174 teu PROGRESS C at Singapore on 31 August. The 28-days weekly service will run in port rotation, Singapore, Mundra, Abu Dhabi, Hamad, Khalifa bin Salman, Abu Dhabi, Singapore. Another 2,174 teu SPRINTER will join on 11 Sept Singapore.
Zim/GSL will launch a new India-Africa Express (IAX) service connecting Western India with Kenya and Tanzania in East Africa from September 2022. The IAX will call at Nhava Sheva, Mundra, Mombasa, Dar Es Salaam, Nhava Sheva with 3 ships of 1,100 teu. The first official sailing will be made by the 1,134 teu ASIATIC NEPTUNE at Nhava Sheva on 7 September 2022. The same ship had already made one ad hoc rotation at the same IAX ports from 9 August 2022.
RCL and GSL have added a new service connecting Ho Chi Minh City, Port Klang, Jakarta, Port Klang, Ho Chi Minh City in a butterfly pattern that turns in 14 days. The service started from Port Klang on 27 June 2022 with the 1,288 teu YANTRA BHUM operated by RCL followed a week later by the 1,134 teu ASIATIC KING operated by GSL. The service is branded as the RCL Vietnam-Indonesia Express (RVI) by RCL and Vietnam Malaysia Service (VMS) by GSL. The new service replaces the RCL Ho Chi Minh Sing


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Sosandar losses shrink, casual is key but customers still want glamour
Sosandar has narrowed its losses in the latest six months with the company’s sales having surged both during and after the spring lockdown.
On Tuesday, it announced its figures for the half-year to the end of September, as well as a trading update into November, and the news looked good. The firm has benefited from selling more casual looks but said it’s customer still has a taste for glamour.
The company hailed its "strong revenue growth, substantial improvement in EBITDA losses and acceleration of sales into the autumn”.
Looking at the start of the second half, the womenswear brand said its “reintroduction of carefully controlled customer acquisition from September to November delivered strong results, with a record month of revenue in October”.
Monthly sales for September to November increased by 115% compared to the average for the prior five months and a new daily record for revenue was achieved in November.
The period also saw 17% growth in revenue vs the same three-month period last year, but with a 49% reduction in marketing spend and a reduction in cost of acquisition of 52%. And there was a 28% increase in new email sign-ups in just three months, which has strengthened its database and should “underpin sales for future months”.
As for the first half, the period that covered both the spring lockdown and the easing of restrictions, the firm’s revenue rose 52% to £4.28 million with gross profit up 48% to £2.24 million. Its EBITDA loss shrank to £1.02 million from £2.71 million as it maintained a strong gross margin of 52.3%, down from 53.6% due to actions taken during the initial lockdown.
The company was understandably upbeat at the continual progress it has made and also said it saw high levels of customer engagement with repeat orders during the period rising 88%.
This was helped by the rapid expansion of its product range into the more casual styles that have proved popular this year, with “great successes seen in denim, loungewear and knitwear”.
Further expansion was seen as it launched on the John Lewis and Next websites “with good sales across all product categories”.
It also enjoyed a lower returns rate, down to 42% from 49%.
Co-CEOs and founders Ali Hall and Julie Lavington said that its trading has “quickly gained momentum” and while it’s selling much more casualwear, “the Sosandar customer has also not lost a taste for glamour, with sales of sequins, leather, fur coats and knee boots remaining strong”.
They also admitted that there are “short term uncertainties due to Covid-19” but added that the “scale of our opportunity is substantial and we are well placed to deliver on our ambition for Sosandar to be a long-term, sustainable success”.
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June 13, 2012
It was a complex counterfeit scam involving runners, identify theft and cigarettes. The 14 people who took part in it scammed more than $13 million from one of the world's largest retailers:Wal-Mart and Sam's Club, Florida Department of Law Enforcement officials said. The scam: fake gift cards. Police busted the ring, which used stolen identities to apply for 23,527 credit cards, which they then used to purchase 56,873 gift cards. Read the full story at MiamiHerald.com .
March 24, 2010
Ever wondered if your or your family would save money shopping at wholesale club stores like Costco, Sam's Club or BJ's Wholesale club? Here is your chance to find out, with one store at least. BJ's Wholesale Club is offering free 60-day trial memberships between now and July 5. The risk-free, trial membership includes full member benefits including savings and no surcharge. A basic 12-month membership is $45. Also worth noting, you can use coupons at BJ's that are published by BJ's and competitors: BJ's claims to be the only major wholesale club that accepts both manufacturers' coupons from the Sunday newspaper or printed from online sites like www.eversave.
October 4, 2012
Wal-Mart Stores Inc. pays women less than men for the same work and doesn't give women equal chance for promotion, says a class action lawsuit filed in federal court on Thursday by 11 Florida women, including one each from Palm Beach and Broward counties. The women want cash compensation and a court order telling Wal-Mart to end its gender discrimination. The case, filed in U.S. District Court in Fort Lauderdale, is similar to cases filed in California, Texas and Tennessee in the last year.
October 8, 2011
Sam's Club is offering a deal to get you through the holidays. Get a 15-week membership for $15. A yearly membership costs $40. The timing is great on this deal considering Costco will be raising membership fees by 10 percent beginning Nov. 1. You can save serious dollars shopping at wholesale clubs like Sam's, BJ's and Costco. Consumer Reports says you can score serious savings on luxury items, which you are more likely to buy during the holidays. Click here for the deal.
November 9, 2008
The lousy economy may have you considering joining Costco, BJ's or Sam's Club, raising the question: Which warehouse club is best? SmartMoney.com answered that by recently visiting all three to consider the cost of 10 grocery items, plus checkout and selection. At BJ's and Sam's Club, the tab for the 10 items, including the cheapest bread, coffee and cereal, came within pennies: $55.35 (BJ's) and $55.66 (Sam's). Compare that with $62.31 at Costco. Of course, add to that the basic annual membership fee: $45 for BJ's, $40 for Sam's Club, and $50 for Costco.
October 17, 1997
Puppy Palace has opened a second location at 5909 Hollywood Blvd. in Hollywood. The store is in a freestanding building that once housed a gas company. Owners Judy Norford and her husband, Peter Sunderland, spent a year remodeling. "The only thing that's left are the exterior walls and two front windows," Norford said. "Everything else is brand new." The couple opened the business on Aug. 6. Norford likes to say she got started in the dog breeding and brokering business on the day she was born.


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Ferretti and Wally launch restyled tender
Italian shipbuilder, the Ferretti Group and Monaco-based yacht designer, Wally, have celebrated their recent partnership with the launch of a restyled Wallytender.
The 48 Wallytender is the first combined project since Ferretti announced its exclusive licence agreement of the Wally brand which will see the Italian company invest more than €84m over the next four years.
Wally founder Luca Bassani will continue to design and develop Wally's yachts which will be built at the Ferretti Group shipyards, including its super yacht yard in Ancona, Italy.
The redesigned tender has new amenities and features, including a fold-down bulwark which increases the size of the swim platform. A larger interior volume allows for a real shower cubicle whilst the galley is equipped with two cooking rinks, sink and two fridges.
The entire aft sunbed can be raised to access the engine compartment or just the top section revealing storage space underneath. The optional gyroscopic stabiliser is housed in a separate technical compartment which also houses the electrical switchboards.
The first 48 Wallytender is currently under construction at the group's site in Forlì, Italy and will be ready in time for summer.
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| Apr 29, 2014
| 8:01 AM
You can move your shareholder meeting out of California, but you can't stop protesters from following.
Joining ordinary Wells Fargo shareholders, demonstrators planned to air their grievances Tuesday in San Antonio, site of this year's annual meeting....
| May 19, 2014
| 2:30 AM
Kiplinger's Personal Finance
For more than 45 years, Warren Buffett, the chief executive officer of Berkshire Hathaway (symbol BRK-B, $124), has declined to pay a dividend. A vocal group of shareholders would like that to change. But Buffett has...
| May 19, 2014
| 11:24 AM
LONDON — Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer, puncturing the U.S. drugmaker's plan for a merger to create the world's biggest pharmaceuticals group.
The rebuff came nine hours after Pfizer said on...
| May 21, 2014
| 2:07 PM
Comcast Corp. was hoping to focus on its financial achievements and the benefits of its proposed takeover of Time Warner Cable during its annual shareholders meeting, but the cable giant continues to be dogged by concerns that it is already too big and...
| May 23, 2014
| 6:25 AM
| May 22, 2014
| 5:00 AM
Comcast Corp. was hoping to focus on its financial achievements and the benefits of its proposed takeover of Time Warner Cable during its annual shareholders meeting.
Instead, the company Wednesday was taken to task by consumer advocates and some...
| May 26, 2014
| 1:10 PM
Pfizer Inc. said Monday that it had abandoned its current attempt to buy AstraZeneca PLC for nearly $118 billion — a deal watched warily by Maryland officials — as a deadline approached without a last-minute change of heart by the British...
| Apr 22, 2014
| 11:20 AM
Allergan Inc., the Irvine company that makes popular wrinkle treatment Botox, acknowledged Tuesday that it has received a buyout offer from Valeant Pharmaceuticals International Inc.
The company said the offer from the Canadian drug maker was...
| Apr 23, 2014
| 6:49 PM
Takeover target Allergan Inc., the company that makes Botox, has adopted a "poison pill" defense intended to delay a buyout by Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman.
The Irvine company's...
| May 12, 2014
| 7:51 PM
Botox maker Allergan Inc. rejected a $46-billion takeover offer from a Canadian rival, setting the stage for what analysts said may become a long and nasty fight for control of the Irvine company and its prized collection of eye and skin medications....
| May 6, 2014
| 6:57 PM
The board and chief executive of Irvine takeover target Allergan Inc. heard a voice from the past Tuesday at the company's annual meeting of shareholders.
Gavin S. Herbert, Allergan's co-founder and former chairman, urged the company's directors to...


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Herzogenaurach, Germany, December 01, 2010
PUMA EXTENDS LONG-TERM PARTNERSHIP WITH CAMEROON FOOTBALL FEDERATION
PUMA and the Cameroon Football Federation (FECAFOOT) announced today in Yaounde, Cameroon, a long-term extension of its current partnership, through which the sportlifestyle company will continue to be the official supplier of team kits, training apparel/apparatus and a partner for replica merchandise. This latest agreement is effective through the next FIFA World Cups™.
The relationship between PUMA and the Cameroon Football Federation was first formed in 1996. In the years that followed, PUMA developed for Cameroon the first sleeveless kit for a football team, the first all-in-one kit and the first continental kit called the PUMA Africa Unity Kit which launched in 2010. This latest football innovation raised money for biodiversity causes in Africa in collaboration with the United Nations Environmental Programme (UNEP), with Cameroon using the kit as a third kit at the 2010 World Cup™ in South Africa with Ghana, Ivory Coast and Algeria.
“We are very happy to announce the continuation of our partnership with the Cameroon Football Federation,” said Jochen Zeitz, Chairman and CEO of PUMA. “During the fourteen years we have worked with them, their forward thinking has allowed us to undertake and execute several exciting and innovative projects that simply would not be possible with other federations. They are one of our key partners in World football, and we have some great ideas that we look forward to unveiling in the coming months and years.”
“PUMA is a key partner for us, and when the previous agreement concluded there was never any question that we wouldn’t re-sign with them,” said Iya Mohammed, President of the Cameroon Football Federation. “PUMA understands implicitly what we want to achieve, and it is a privilege to work with a company with the same values and ambition. We look forward to working with them for many years to follow.”
In addition to the Cameroon national team sponsorship, PUMA also sponsors individual Cameroon players including captain and record goalscorer striker Samuel Eto’o, Benoit Assou-Ekotto, Stephane Mbia, Landry Nguemo and Mohammadou Idrissou.
In keeping with PUMA’s mission to be the most sustainable sportslifestyle brand, the Cameroon Football Federation will take a carbon neutral stance for the entirety of the partnership. Using UNEP’s carbon neutral standard, PUMA and the Cameroon Football Federation will offset the carbon footprint of the Federation through the next FIFA World Cups™.
PUMA’s commitment to Africa extends beyond team and player partnerships, as well. PUMA will continue to support a number of grass roots initiatives across the continent. Coinciding with this announcement, 10,000 durable footballs were delivered to Africa following a joint pledge in collaboration with Intersport® earlier this year, a third of which will go to football projects in Cameroon. PUMA was also the official sponsor and fanwear supplier of the 2010 African Cup of Nations in Angola.
For more information about PUMA Football, please visit www.pumafootball.com.


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Apple falls to No.6 in China
Apple Inc’s rank in China’s smartphone market, which is set to become the world’s largest this year, fell to No.6 in the third quarter as it faces tougher competition from Chinese brands, research firm IDC said on Thursday.
Apple’s third quarter ranking was two spots below its position in the second quarter in terms of China’s smartphone market share by shipments, IDC said. The U.S. giant’s market share in China was under 10 percent in the third quarter.
IDC’s release comes a day after Apple’s shares fell more than 6 percent, logging its biggest single-day loss in four years, as a result of stiffer competition in the mobile devices market.
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Microsoft takes a cautious approach to hiring in Office and Windows
Satya Nadella, CEO of Microsoft Corp. , appears at a panel discussion at the World Economic Forum in Davos, Switzerland, on May 24, 2022.
Holly Adams | Bloomberg | Getty Images
Microsoft is preparing for a more conservative approach to hiring a part of the business that includes some of its most popular products.
Rajesh Jha, executive vice president in charge of Office and part of Windows, told employees in his group on Thursday to be extra cautious when it comes to opening up new roles and asking permission from Jha’s leadership team first, according to a familiar person. matter, who was not authorized to speak of private deliberations. Bloomberg reported about the change earlier.
The move comes a month before Microsoft begins its new fiscal year, a time when the company regularly reorganizes itself. More broadly, Microsoft and other companies across the tech industry are recalibrating as the first half of a disastrous year approaches for the market, and inflationary pressures continue to build.
Facebook parent Meta, chipmaker Nvidia and social media company Snap have announced plans in recent weeks to hire less aggressively, as the Covid-19 pandemic and the war in Ukraine put upward pressure on prices and dampen expectations for the rest of the countries. public.
When asked about the memo, a Microsoft representative sent the following statement:
“As Microsoft prepares for the new fiscal year, it is making sure that the right resources align with the right opportunity. Microsoft will continue to grow staff in the coming year and will add extra focus to where those resources are going.”
Microsoft remains focused on retaining the best talent in a tough job market. CEO Satya Nadella announced two weeks ago that the company is increasing the amount of funds available to increase employee merit.
Although Microsoft stock has taken a big hit this year along with the rest of the market, it has held up better than companies like Google, Facebook and Amazon, which have more exposure to consumer activity and spending.
However, businesses that rely on business spending still face risks as customers tighten their budgets. Roughly 88% of Microsoft’s nearly $11 billion in quarterly revenue is commercial in nature, according to RBC Capital Markets estimates. Office and Windows are still growing, but not as fast as Microsoft’s Azure public cloud business, which is second only to Amazon Web Services in cloud infrastructure.
Amy Hood, Microsoft’s chief financial officer, told analysts last month that Office and Windows should continue to grow in the current quarter, albeit at a slightly slower pace.
Hood said revenue from Windows licensing sales to hardware makers should be in the low to mid single digits in the second quarter, thanks to the PC market led by commercial machine sales. This would be down from 11% growth in the previous quarter.
“We expect Office 365 revenue growth to decline sequentially by a point or two on a constant currency basis,” Hood said.
Microsoft still has room to sell customers on Office improvements in part because the Teams chat app has brought in new users during the pandemic, and Microsoft has security features some of them might want to add. Speaking at a conference this week with Mark Murphy, an analyst at JPMorgan Securities, Jha said the company is still early in its efforts to enroll customers in the more expensive E5 Office subscription category.
Watch: Microsoft Metaverse hits the factory floor


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For as big as Sony is, it's never been a giant in the world of smartphones. That hasn't stopped it from releasing new devices for its audience of devoted fans.
Samsung, Xiaomi, Oppo, OnePlus, and Motorola, among others, have already revealed their Android 12 rollout plans, with Samsung in particular updating its massive smartphone array across geographies at a breakneck
Lineage OS is the premier custom Android ROM, and one of its best features is that it is constantly evolving. The distributed team has added sixteen new phones and tablets
Xperifirm Tool is a tiny yet efficient tool that enables users to update firmware for all forms of Sony Xperia tablets, smartphones or other gadgets. When you read on, it


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There’s a pretty small, new PlayerUnknown’s Battlegrounds patch out now.
The update comes a day after developer Bluehole announced that weekly and monthly patches are no longer guaranteed, meaning updates will release when they’re ready.
Earlier today, the developer pushed an update to the live game without performing server maintenance. The 140MB update brought a few bug fixes, but nothing too major.
Here are all the fixes and changes:
- Partially fixed client crash
- Fixed marker graphics bug on the World map
- Fixed miscellaneous bugs with team game reconnect feature
- Fixed a bug that caused a player to exit a vehicle when they pressed ‘F’ to cancel using an energy drink
Battlegrounds recently reached over seven million units in sales. The game’s concurrent player numbers on Steam are steadily growing, too, as it now occupies the second slot with over 600,000 players.


text: Fifth Third Bancorp is reporting $235 million in revenue from processing electronic payments for the second quarter ended June 30, up 15% from $205 million in the same period last year. The Cincinnati-based bank attributes a 20% increase in interchange revenue for the quarter to higher debit and credit card use and an increase in the average dollar amount of each debit card transaction, though it did not release specific interchange-revenue or transaction data. Payment-processing expenses during the quarter were $67 million, up 14% from $59 million. Fifth Third charged off $21 million worth of consumer credit card loans during the quarter, more than double the $10 million it charged off for the same period last year. Average credit card receivables during the quarter was $1.7 billion, up nearly 31% from nearly $1.3 billion.


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It’s been only a little short of a month since the launch of the Samsung Galaxy S21 series, but the lineup has already bagged a couple of updates. Reportedly, one more update is live for the Galaxy S21 lineup.
Notably, the update is rolling out to some markets in the European continent. Samsung packed a bunch of features in its latest flagships. The phones already comes with the latest and updated version of One UI, i.e. One UI 3.1, which started seeding for other devices very recently.
The latest phone to bag the One UI 3.1 update is the Galaxy S20 FE. The Galaxy Tab S7 lineup was the first Samsung device to receive the updated version of Samsung’s custom UI.
Talking about the Galaxy S21 series update, it comes with software version G99xBXXU1AUB6. The update rolling out for Galaxy S21 users in multiple countries in the European continent, including the UK, Germany, and Switzerland.
Interestingly, the changelog of the update mentions all the similar changes as the previous update. Meaning that it brings camera performance and overall device performance improvement.
But as noted by Sammobile, Samsung might have tried to save some time mentioning the new changes and just copied over the existing changelog. So, we are not sure if the update actually brings anything new for the Galaxy S21 users or not.
This new Galaxy S21 update weighs around 257MB in size
Several users on the official community forum and Reddit reported that the previous update reduced the battery life of Galaxy S21 and S21+ users. Although Samsung has acknowledged the issues, it is unclear if this update fixes that problem.
The update weighs around 257MB in size, and the security patch level is February 2021. The update is pushed via OTA in batches. Meaning that it won’t be straightaway available for all Galaxy S21 series owners.
Good thing is that you can check for the update manually. For that, you need to head over to Settings. Then you need to navigate to “System updates.”
From there, tap the “Download and install” option. You can proceed with downloading and installation of the update if a new update is available.
We would like to remind our readers that the update is currently live in the European continent and may take some time before it hits other countries across the globe.
So, if your device does not detect the update, then we would advise you to wait for the update to arrive on your Galaxy S21 phones.


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European finance ministers are seeking to create a digital euro that is both secure and accessible as several central bankers push forward with testing the project in 2022. The European Central Bank (ECB) began exploring the idea of a digital Euro in October 2020 and officially launched an investigation into the concept in 2021.
The Eurogroup, a collection of finance ministers from the countries within the European Union that utilize the common currency, has maintained ongoing deliberations on this topic.
Following their most recent meeting, Eurogroup members elucidated the main objectives for a Central Bank Digital Currency (CBDC) if it is decided to go ahead with the execution of one. Although some other preparations are being made by EU legislation, whether or not an electronic euro will be released remains in the air.
However, the members revealed how a CBDC would enhance the Bloc’s autonomy and offer citizens and businesses significant benefits. Emphasizing the importance of its role, the European Central Bank declared that it would remain an “anchor for the EU’s monetary system.”
EU finance ministers push for balance between privacy and utility
Although there is still much to be established regarding the digital euro, one central theme in Eurogroup’s latest statement is a tightrope between user privacy and anti-crime regulations. It will prove essential to strike an optimal balance between these two considerations.
“To achieve success, the digital euro must establish and uphold users’ trust; for which privacy is a key factor and an inalienable right,” the statement proclaimed.
The Eurogroup concurrently concluded that designing a digital euro should align with other policy objectives, such as countering money laundering, illicit financing, tax evasion, and ensuring sanctions compliance.
Furthermore, the group proposed that individuals participating in “low-risk transactions” should be endowed with enhanced privacy protection. During the latest conversations, other questions were posed concerning the environmental repercussions of a digital euro and that it should not replace cash but instead work in tandem with it.
The organization presented the potential characteristics of the digital euro to rival standard online banking services, demonstrating support for exploring an offline capability and scheduling payments executed when specific conditions are fulfilled.
What’s next in the digital economy
The European Commission anticipates presenting a plan to shape and manage the digital euro this year. This proposal is set to be tabled in the opening part of 2021.
The European Central Bank is testing the potential of a digital euro and has chosen five companies to participate in its prototyping exercise–CaixaBank, Worldline, EPI, Nexi, and Amazon. Each one will develop an individual use case for this trial CBDC project.
As the ECB’s probe rapidly approaches its end in autumn, it will soon be officially decided whether or not to bring this ambitious project to fruition.
The ECB is seeking industry players to participate in a market research study and encourages respondents to turn in their responses by mid-February.


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British furniture manufacturer Hitch Mylius launches a range of upholstered seating at 100% Design this year, including two pieces created by external designers. Shin and Tomoko Azumi have created a restaurant chair for the manufacturer, in what is the second time the pair have collaborated with Hitch Mylius. The company has also teamed up with recent Royal College of Art graduate Chijioke Aguh, who has designed an upholstered bench, HM88 (bottom), for the collection. A Hitch Mylius spokeswoman says Aguh was inspired by ‘sculpture, architecture, ocean-liners and the female hourglass figure’ in creating the bench. It will retail for £1003 plus fabric. The final two ranges, which have been designed in-house by Tristram Mylius, include a collection of sofas (top).
Lume, which has been developed by Imagination, can be used to present research in 3D from fields including science, medicine, astronomy and finance.
True North has carried out the project, which includes a Lego brick-based visual system, a “playful” tone of voice and imagery of children engaging with the kits.
The prime minister revealed the first draft of the UK’s withdrawal agreement from the EU on 14 November, to much controversy and speculation from her peers. We analyse the policies
The Team has created a series of “striking” black and yellow posters, billboards and digital adverts to highlight the consequences of not taking gas safety seriously.


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Poultry processors face lawsuits over scheme to overinflate product prices.
On October 19, Cracker Barrel Old Country Store filed a lawsuit in U.S. District Court of Northern Illinois against Tyson Foods Inc., Pilgrim’s Pride Corp. and other poultry companies. At the same time, White Castle and Golden Corral filed price-fixing lawsuits against the poultry providers on October 16. The chains are all seeking the return of overcharges paid on inflated poultry prices and allege the companies “engaged in bid-rigging targeted at foodservice operations and other businesses that purchased broiler chickens in large volumes.” What’s more, they contend, the providers “conspired to limit competition in the broiler chicken market by reducing and misrepresenting the supply of broilers and manipulating price indices associated with wholesale broiler prices.”
Cracker Barrel alleges it believes the scheme began as early as 2012 and lasted at least until 2019. The filing reads, in part, “Cracker Barrel, like many restaurants, contracted directly with defendants for the purchase of their chicken products. Defendants used their coordinated manipulation of the wholesale price indices and their coordinated actual and false supply reductions of broilers to enter into contracts to supply the Cracker Barrel system with broilers at artificially inflated prices. As a result of defendants’ price-fixing and bid-rigging conduct, defendants were able to exact significant price increases from Cracker Barrel and other restaurants. Defendants adhered to their collusive agreements and understandings throughout the conspiracy period. Defendants reaped the benefits of their illegal conduct through their production and sale — directly and through their wholly-owned or controlled subsidiaries and affiliates — of broilers at inflated non-competitive prices. Through their collusive, anticompetitive actions, defendants negated the economic benefits of increased competition. Defendants’ conduct resulted in their customers, including Cracker Barrel, paying millions of dollars in overcharges to defendants.”
In June, the U.S. Department of Justice (DOJ) indicted Pilgrim’s Pride’s former Chief Executive Jayson Penn and three others as part of a criminal investigation involving broiler birds. In early October, it indicted six more poultry executives over alleged price-fixing, including another Pilgrim’s Pride former CEO William Lovette. Penn took the reins from Lovette last year and has pleaded not guilty. The company announced Penn also later left the company and was replaced as CEO by Chief Financial Officer Fabio Sandri.
Sales executive Timothy Mulrenin was also indicted. He was hired by Perdue Farms in 2018 and was employed at Tyson Foods at the time of the allegations. Mulrenin, who was hired by Perdue Farms in 2018, worked at Tyson Foods at the time of the allegations, according to the filing.
“Executives who choose collusion over competition will be held to account for schemes that cheat consumers and corrupt our competitive markets,” Makan Delrahim, chief of the DOJ’s Antitrust Division, said.
Tyson in June reported it was cooperating with the Justice Department’s investigation under a corporate leniency program potentially allowing the company to avoid criminal charges. “The latest indictment does not affect Tyson’s status in its leniency application, spokesperson Gary Mickelson said of October’s follow-up.


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Entrepreneur.com: Organic Foods on the Rise
By Sara Wilson
November 17, 2006
America has a growing appetite for all things healthy. From zero trans-fat snacks to fortified foods with added health benefits, if it’s good for the consumer, it’s most likely good for business. Even candy is being loaded with omega-3 fatty acids, healthy extracts and vitamin C. But the real buzzword is organic. According to the Organic Trade Association, based in Greenfield, Massachusetts, organic food sales in the U.S. totaled nearly $14 billion in 2005, with double-digit growth expected from 2007 to 2010. According to the association’s press secretary, Barbara Haumann, consumers--especially the Generation Y crowd--are happy to do away with added hormones, antibiotics and genetic modifications.
Not sure there's room for more competitors on the organic playing field? Have no fear. Opportunities abound, especially in niche areas like alcohol (according to the Organic Trade Association, organic beers grew from $9 million in 2003 to $19 million in 2005), candy, condiments and sauces, not to mention food for kids, babies and pets.


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In Australia, a rare Delage Type-S Grand Prix is restored to its original glorious beauty thanks to the hi-tech digital world of 3D technology. A team of specialists based in the Victorian goldfields town of Castlemaine turned to 3D printing and scanning to rescue an extraordinary piece of automotive history. Now, one of the most beloved classic cars cruises along Australian roads to display the innovative will and sheer passion for vintage vehicles of the team who restored it.
How the car survived long enough to reach such a catastrophic breakdown is fascinating in itself. There is even a black and white footage of the car in action at critical moments during the Grand Prix race, careening through the 23-mile route. Despite winning only the third place, it proves to be luckier than the ones that won first and second places.
During the first World War, the third-placer Delage Type-S Grand Prix narrowly escaped the tragic fates of the winning and second place cars in that race. The war required loads of guns causing most cars to be melted down for use in munitions. The third place car, owned by a Frenchman, made its way out of Europe and over to the town of Castlemaine in Australia, the ABC reported.
The car was treated as racing royalty as it continued to hum along despite its advanced age until the cylinder block cracked dealing a death blow to the machine. However, instead of relegating it to a museum, its new owner decided to bring the car to driving order again. He turned to Grant Cowie, a pre-war motorcar engineer, and industrial designer Phil Guilfoyle, to create the pieces needed to get the car back on the road, according to the 3D Print.
The team decided to utilize the latest in manufacturing technology for the Delage Type-S Grand Prix, scanning the existing engine block using a versatile 3D scanning arm. Next, they used a voxeljet VX1000 3D printer in Melbourne to create the mold for the new engine. It was the perfect marriage between highly skilled craftsman and modern manufacturing capabilities, leaving the car's owner satisfied with the risk that he took to keep the old car alive.


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Boughey Distribution has completed the transfer of customers from its Deeside warehouse to its facility in Wardle, Greater Manchester. The streamlining of its network has been in the works since August in a bid to reduce […]
Boughey Distribution parent NWF Group has revealed that its pre-tax profit fell by a third, despite a 16% increase in revenue. Revenue rose to £540.2m for the year-ending 31 May, up from £463.8m 2011. However […]
Boughey Distribution said it had a “positive” year in food distribution despite difficult conditions caused by supermarkets that are fighting for market share deflating prices.


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Genpact is a global giant in the world of business process outsourcing. They were spun out from GE in 2005, creating a service company that could serve GE and compete on the open market for other clients.
Within the past month, the company has opened an office in São Paulo, but they are already finding it too expensive to consider expansion – they are now actively searching other cities within Brazil for a site suitable for them to expand further.
When the Genpact vice chairman, Pramod Bhasin, came to São Paulo a few days back, he told us: “…if you want to be a global company, you need to be in Brazil,” so I asked him a few more questions on camera.
In this video you can listen to Pramod Bhasin explain:
- Why Brazil, why now?
- Building a new client base in Brazil
- Working with Brazil as part of a global delivery platform to multinational clients
- What analysis did Genpact do before deciding on Brazil?
- How has the US and European downturn affected the hi-tech service sector?
- Is a facility in Brazil just another delivery center or a chance to find Brazilian customers?
- What could have been easier when setting up a major business in Brazil?
- How Bhasin sees São Paulo as too expensive for further expansion
Photo by the World Economic Forum licensed under Creative Commons


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First Investor Complaint Filed Against Daimler Over Dieselgate Scandal
The scandal emerged when the Volkswagen group admitted in 2015 to installing so-called "defeat devices" in some 11 million diesels worldwide.
Image used for representation purpose only. (Photo: AFP Relaxnews)
A law firm said Saturday it had lodged the first investor complaint in Germany demanding compensation from car manufacturer Daimler over the "dieselgate" scandal.
The complaint, filed Friday at the Stuttgart Regional Court by German law firm Tilp, accuses Daimler of "various market manipulations" since 2014 and having ignored "the huge risks associated with the installation of a banned device in its vehicles" to deceive controls on nitrogen oxide (NOx) emissions, lawyer Andreas Tilp said in a statement.
The scandal emerged when the Volkswagen group admitted in 2015 to installing so-called "defeat devices" in some 11 million diesels worldwide that made them seem less polluting in lab tests than they actually were on the road.
The affected vehicles involved VW's own-brand cars, but also those made by Audi, Porsche, Skoda and Seat.
Tilp cited an interview given in September 2015 at the height of the scandal by Dieter Zetsche, boss of Daimler, in which he said that "unlike Volkswagen, Daimler has not installed fraudulent software in its vehicles".
However, the parent company of Mercedes found itself embroiled in the global scandal after the top brand recalled 774,000 vehicles across Europe with software capable of distorting emissions, according to a June 11 report by German transport ministry.
The firm calculated that shares dropped by at least 12.5 percent, which could lead to claims "in billions" against the manufacturer.
It said it expects many more shareholders to join the claim.
Tilp currently represents more than 2,000 plaintiffs, made up of private and institutional shareholders, in a 5.4 billion euro damages claim against Volkswagen over dieselgate.
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MWC 2021 Lenovo's five new Android tablets include the 13-inch Yoga Tab 13, which some might find a decent iPad Pro alternative.
Loads of Xiaomi phones have leaked in software code, and it sounds like some of them are the Redmi Note 11 series.
Amazon’s Fire HD 10 tablets are here, but if you want to buy a new slate or Kindle ereader, you should wait a few weeks.
Google is doing something unprecedented - it's releasing a new feature drop to all Android phones, and it's not just Pixel ones.
While Amazon Prime Day will bring discounts on the company's tech, you can already prepare for owning it.
Samsung has found a good balance between price and features, although the stylus experience isn’t perfect.
A report suggests Samsung's Galaxy S21 FE might never see the light of day, but there are reasons to doubt this news.
Realme has a launch event on June 15, and according to a rumor, its first ever tablet will be in attendance.
A report on Facebook's upcoming smartwatch suggests it'll have a screen and camera you can use like an action cam.
With iOS 15 and iPadOS 15 now officially announced, let's look at if you'll be able to download them.
Samsung is working on wearable screens that could be used for health reasons, but cyberpunk fans know where this is going.
A report suggests the 2022 iPad Pro could get a big new feature in the form of Magsafe, but other iPads are coming first.
Some leaked iPhone 13 series battery capacities suggest the phones will improve on the iPhone 12 versions.
Huawei has confirmed its MatePad Pro 2 will launch June 2, at the HarmonyOS unveiling, but the tablet's the least interesting thing.
Updated Here's how to get the Android 12 beta, if you have one of the compatible smartphones from many different brands.
Another premium phone has hit the market, in the form of the Vivo X60 Pro 5G, with some top specs and a high price.


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Sanderson Farms back in black
by Wally Northway
Published: June 5,2009
LAUREL — Sanderson Farms Inc. reports net sales for the second quarter of fiscal 2009 were $426.8 million, compared with $433.9 million for the same period a year ago. For the quarter, net income was $26.2 million, or $1.27 per fully diluted share, compared with net income of $6.2 million, or $0.30 per fully diluted share, for the second quarter of fiscal 2008.
Net sales for the first six months of fiscal 2009 were $815.6 million, compared with $796.4 million for the first half of fiscal 2008. Net income for the first half of the year totaled $19.5 million, or $0.95 per fully diluted share, compared with net income of $12.4 million, or $0.61 per fully diluted share, for the first six months of last year.
“We are pleased to report a return to profitability for Sanderson Farms during the second fiscal quarter of 2009,” said Joe F. Sanderson Jr., chairman and CEO of Sanderson Farms. “Our results reflect improved market conditions for the poultry industry and the efficient management of our operations by our managers, employees and contract producers. Much of the market improvement is due to production cuts and resulting reduced supply of chicken in the market. Demand for chicken at retail grocery stores remains strong and the export market improved compared to our first quarter. However, as in the previous two quarters, demand from some food service customers has been adversely affected by the economic downturn, as demand for protein consumed away from home remains soft. We also benefited from lower feed costs during the quarter compared with a year ago.”
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This time, Netflix is increasing the price of its subscriptions in the United States and Canada
In August 2021, the basic offer, called Essential, increased by 1 euro and went from 7.99 euros to 8.99 euros per month. This measure allowed Netflix align its prices with those practiced in the United States. But if the logic remains the same for the future, there is bad news. The streaming giant has just decided to increase the cost of each subscription level by at least $1 in North America.
It is the second such measure in less than a year that targets overseas streamers. Netflix has already changed its prices in this region in October 2020, when the cost of the standard and premium plans were increased, while the basic package remained the same.
A counter-intuitive strategy
If the price increase may seem counter-intuitive in the midst of the streaming war when competition has never been so strong, it is on the contrary part of Netflix’s long-term strategy to finance its investments in content, satisfy its investors and maintain its leadership.
Read also> PopCorn Time: the “Pirate Netflix” is closing its doors for good
The world’s biggest streaming service faces the toughest competition from companies looking to lure viewers into online entertainment. Walt Disney Co, WarnerMedia of AT&T Inc., Amazon.com Inc. and Apple Inc. are among rivals investing billions in new programming.
More resources for more content
« We understand that people have more entertainment choices than ever before and we are committed to providing an even better experience for our members.said a Netflix spokesperson. “We are updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always, we offer a range of plans so members can choose a price that suits their budget.”
Read also > Netflix January 2022: all the new films, series and documentaries
These latest increases had an overall effect on the streamer’s stock price, which rose $2 after the announcement, ending the trading day at $528 per share. In addition, the platform having already conquered the market, it can no longer rely solely on new subscribers to gain profitability. This is why, to keep ahead of the exploding competition, it is increasing its prices and will continue to do so as long as it is possible.
Source : The verge


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Needle, a Salt Lake-City based social commerce platform, has raised USD10.5 million in a Series B funding led by Shasta Ventures and Rembrandt Venture Partners. Prior to this, Needle raised a Series A round of USD2 million. The new funding will be used to accelerate growth of its social selling platform and expand its pool of brand experts and fans for its shoppers.
Founded in 2011, the startup makes shopping more social by providing online retailers with a service that connects shoppers to experts and brand evangelists via chat, video or voice. “Companies that continue to use antiquated text-based chat to provide customer experience are going to fall far behind in the ecommerce world,” says Morgan Lynch, founder and CEO of Needle. “Shasta and Rembrandt recognise the disruptive role Needle is playing in the e-commerce world and we’re looking forward to working with them as we fix real-time shopping interactions online and disrupt the USD100 billion global contact centre space.”


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When Queensland’s state department reached out to manufacturers to help with the COVID-19 emergency it got a typically Queensland response, with its two most famous rum distilleries putting up their hands for the production of hand sanitiser.
Bundaberg Rum, along with the Australia’s oldest distillery Beenleigh Rum, will use existing production lines and staff to produce ethanol for hand sanitisers.
Beenleigh started production last week and is locked in to supply the government with stocks for schools and frontline workers.
Bundaberg will donate 100,000 litres – enough to produce around 500,000 bottles of hand sanitiser – to the government.
“My department has reached out to Queensland manufacturers, and the response, particularly from two of the most-loved brands in our state, shows just how much local companies are willing to do to help Queenslanders,” manufacturing minister Cameron Dick said.
Mr Dick said the department is looking for more manufactures who are able to transition to the production of hand sanitiser and other essential health supplies and state development officers are on hand to assist any companies that wanted to sign up.
“We want to see more of this and are ready and eager to work with and support manufacturers who can help us get more products into our hospitals, our schools and our supermarkets and stores,” he said.
“This is the time to think laterally and broadly about how you and your business can adapt and contribute to our state’s COVID-19 coronavirus response.
“We’ve also set up a webpage for manufacturers who could move into untraditional production areas.
Bickfords Group managing director and owner of the Beenleigh Distillery Angelo Kotses said the transition to hand sanitiser was a no brainer.
“Ethanol is the key ingredient of hand sanitiser, and we already produce ethanol for our alcohol products,” Mr Kotses said.
“We originally planned a small run of only 1500 cartons, but when the Queensland government approached us we were more than happy to help by providing hand sanitiser for essential needs throughout the state.”
David Smith, Managing Director of Bundaberg Rum’s parent company Diageo Australia, said the company had a duty to support the community.
“At a time like this we will always step up and contribute when Australians need it most,” he said.
Manufacturers can apply here.
In the US, President Donald Trump on Friday invoked the Defence Production Act to order the Department of Health and Human Services to compel multinational car maker General Motors to manufacturer ventilators.
The law, which empowers the president to force businesses to produce products for national defence, was enacted in 1950 but has rarely been used.
Comment below to have your say on this story.
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Below is a look at what’s happening in the world of digital marketing.
A survey conducted by Third Door Media found that 8-% of companies currently advertising on Amazon plan to increase their Amazon ad investments in 2019. Smaller businesses were more likely to say the added Amazon spend will come from shifting budgets from other digital advertising channels, such as paid search and social. Of the 80% planning to increase their Amazon budget, 20% plan to increase their budgets by 50% or more.
Twitter beats expectations by reporting significant increases, making it the fourth consecutive quarter that Twitter has reported increasing profits. While monthly active users are down, daily active users have increased by 9% over the third quarter.
Facebook’s new version of its Marketing API will now give advertisers more insight into why an ad won’t deliver. The API’s new “ads run” feature will indicate if there’s something wrong with an ad and list the error codes that prevented it from running. This will help marketers and advertisers stay on top of their Facebook campaigns by allowing them to quickly troubleshoot any issues around an ad.
The newest version of Facebook Messenger promises a more “simplified” experience, including reducing the current number of tabs from 9 to 3 – Chats, People, and Discover. In addition, the new version includes the ability to personalize chats using customized color gradients and a “Dark Mode” which minimizes phone screen glare. The Discover tab will allow users to find and communicate with businesses directly.


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Shares of solid-state electric battery-maker QuantumScape (QS -2.88%) were in freefall today, down 14% as of 3:21 p.m EST.
The company reported third-quarter earnings at the end of October, but today's move was likely caused by a big analyst downgrade, sending the stock even lower than many other EV stocks, which also generally had a bad day today.
This morning, Morgan Stanley analyst Adam Jonas issued a note on QuantumScape, downgrading his rating to the equivalent of a "sell," while lowering his price target on the stock from $12 to just $4.
That's a pretty hefty 67% cut in the price target, but such big moves are happening these days for unprofitable companies amid rising inflation and interest rates. Of note, the Consumer Price Index (CPI) for October, to be released tomorrow, is likely causing some consternation among investors ahead of the number. A higher-than-expected inflation number could mean higher rates will last longer, which is especially bad for unprofitable growth stocks.
QuantumScape is more than just unprofitable, however; it's actually pre-revenue, as the company is still working to commercialize its solid-state battery technology. Solid-state technology is supposed to be superior to today's lithium-ion EV batteries, but they haven't been commercialized yet.
In the note, Jonas said,
We believe 3Q results were narrative changing... While solid-state batteries may still represent the future of energy storage, the path to getting there is proving to be more difficult and longer-dated than we and the market had expected.
And therein lies the problem for really any unprofitable stock or any stocks with lots of debt. Rising interest rates are essentially shutting off the capital markets for many companies, so any company that's burning cash and may have to raise money in the near or medium term could get in trouble if such funding is inaccessible or outrageously expensive.
On the bright side, QuantumScape does have about $1.15 billion in cash on its balance sheet and no debt; however, the company plans to burn through between $400 million and $500 million in cash this year, between operational expenses and capital expenses. Should that level of cash burn persist, QuantumScape will be on a tighter clock to get to commercialization in the next two years, putting management -- and the company's investors -- under further pressure.


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Lelo to launch ‘game-changing’ new lines at eroFame
Posted: October 1, 2015
Swedish designer brand Lelo has announced that it will be launching a number of new products at next week’s eroFame. The firm says it will be showcasing its recently released male pleasure line and updated products with features never-before-seen in the industry.
The company said in an announcement that its latest offerings “have seen exciting technological innovations that have let the signature luxurious designs redefine both how male prostate pleasure is approached and even how all of our senses can be aroused.”
Along with the newest male and female intimate massagers, Lelo will also be revealing a revamped version of what it describes as “the most significant couples’ massager available on the market”.
In addition, there will be eight new PicoBong products launched and an entirely new line with an accompanying mobile app that serves as a remote control. Visitors will also be able to see the company’s new range of POS materials.
Lelo CEO Miroslav Slavic said: “What a year it’s been since eroFame 2014. As you would expect, we’ve been busy preparing the next round of award-winning pleasure objects, and at this year’s fair you’ll see why Lelo’s leading edge remains as strong as ever. We’re all incredibly energised by these game-changing newest arrivals to the Lelo and PicoBong portfolios and the potential for further growth and innovation this year.”
Distributors and retailers are encouraged to contact their local Lelo sales representative or email email@example.com for more information. eroFame takes place in Hanover, Germany, from October 7th – 9th and more details about the event can be found at https://www.erofame.eu/en


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Copyright: Spotify seals US deal
The online music service Spotify agreed deals with the major
music companies, as well as independent labels, and carried out
an invite-only beta launch in the US in July. The fully legal
product will offer users on-demand access to more than 15
million tracks with a choice of three services: free with
advertising; ad-free access for $4.99 a month; and premium
access for $9.99 a month. All three services include access to
the full Spotify library and various social/sharing features.
Spotify was launched in Sweden in 2008 has 10 million users in
seven European countries. Most have the free-access service
with advertising, while there are 1.6 million paying
subscribers. The company has wanted to expand into the US for
some time but has had to negotiate licensing rates with...
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As a result, the stock closed down 12.6% today.
Perrigo, which sells unbranded over-the-counter medical products like acetaminophen as well as branded products like Prevacid, said that revenue in the second quarter was up 3.4% to $981.1 million, though that missed estimates at $1.02 billion.
Organic sales increased 0.5%, which included a 2.3% decline in cold/cough remedies due to the impact of social distancing.
On the bottom line, the company reported that adjusted earnings per share fell from $0.59 to $0.50 as it stepped up brand and marketing investments as the pandemic fades. That result missed expectations at $0.62, however.
Perrigo sold its generic drug business for $1.55 billion earlier this year to focus entirely on the consumer market, and management is standing by that strategy despite disappointing results in the quarter. CEO Murray Kessler said, "Self-care has never been more important and with our portfolio reconfiguration completed and the investments made in technology, capabilities, talent, and manufacturing capacity, as a pure-play consumer company Perrigo is in a great position to capitalize on this trend."
Looking ahead, the company reaffirmed its net sales guidance, calling for 3% growth for the year, but it said it now expects full-year EPS to come in closer to the lower end of its guidance at $2.50-$2.70. That, along with the weak second-quarter results, explains why the stock declined by double-digits today.


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|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||60.12 - 60.12|
|52 Week Range||51.87 - 60.73|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.30%|
Canada hikes its key interest rate for the second consecutive time in September, putting the spotlight on ETFs with exposure to the country.
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A new survey from Princeton Survey Research Associates International and made available through Pew Internet indicates that “the proportion of Americans who read e-books is growing,” while “more also own dedicated e-reading devices.” The survey, one of the first of the new year and based on a sample of just over 1000 adults surveyed in January 2nd-5th, 2014, indicates that “the percentage of adults who read an e-book in the past year has risen to 28%, up from 23% at the end of 2012.’
That said, the survey also concludes that: “print remains the foundation of Americans’ reading habits. Most people who read e-books also read print books, and just 4% of readers are ‘e-book only’.” Nonetheless, “e-book reading devices are spreading through the population. Some 42% of adults now own tablet computers, up from 34% in September. And the number of adults who own an e-book reading device like a Kindle or Nook reader jumped from 24% in September to 32% after the holidays. Overall, 50% of Americans now have a dedicated handheld device.” Computer and smartphone users also figure largely in the ebook reading landscape, though, with 32 percent of phone users employing them as reading devices, although only 29 percent of PC users now do so, compared to 42 percent as recently as 2011.
All in all, trends for the future of ebooks already look to have kicked off well in 2014. But this has to be seen in the context of a (welcome) uptick in reading as a whole. The survey reports a four percent rise in reading as a whole across all formats during 2013, with around 70 percent of Americans reading during the year.


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Apple has been working on new battery technologies to improve the battery life of its products, but those are not expected to be ready soon. Instead, it seems Apple will adopt a new battery design with a metal shell for the next iPhone, the iPhone 16 Pro.
In a photo shared by Kosutami on X (formerly Twitter), it is rumored that the leaked battery is an early stage prototype designed for the iPhone 16 Pro. The leaked battery has a capacity of 3,355mAh, which is not much more than the 3,274mAh battery in the current iPhone 15 Pro. However, this new battery has a metal shell instead of the traditional foil covering, and it has the same L-shaped design that Apple uses in its iPhone batteries.
If this prototype is real and the new battery design passes the tests, there may be significant improvements when it comes to heat dissipation. With the previous iPhone, Apple had faced complaints about devices overheating for no reason. So, the company is likely working on improved thermals for the next iPhone. A metal shell would help better distribute the heat rather than concentrating it.
Kosutami has a good track record of leaking Apple-related information. In the past, the leaker had shared photos of the new Apple Watch FineWoven band and a prototype HomePod with an LCD screen.
The iPhone 16 Pro and iPhone 16 Pro Max are rumored to come in larger screen sizes and are expected to feature better ultra-wide lens, faster 5G, and Wi-Fi 7. However, since the iPhone 16 is a year away from announcement, Apple could still make changes to these plans.
This new battery technology could provide exciting improvements for iPhone users in the future.


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The Bradford-based retailer will use the purchase to build a new convenience store franchise, especially in London and the South East.
The converted “Morrisons M” local shops should open by late summer, creating 1,000 jobs, Morrisons said.
The stores are among 164 that Blockbuster’s administrators, Deloitte, said this week were to be shuttered, reports The BBC.
Blockbuster went into administration last week, as its entire business model of High Street-based DVD and video rentals has been superseded by online streaming services provided by the likes of Apple iTunes, Amazon’s Love Film and Netflix.
The 164 store closures and 800 job losses announced by Deloitte this week came on top of 168 closures and 760 redundancies previously announced.
Although Morrisons has not made any formal commitment to retain Blockbusters staff, the firm said it “would be delighted if they wanted to apply for jobs at the new stores”.
The 49 stores being purchased for an undisclosed payment are of strategic value to Morrisons which has lagged other supermarkets in creating a convenience-store format, as well as a home delivery service.
It also wants to increase its presence in the lucrative South East of England.
Nationally, Morrisons has about 11% market share among supermarkets, but in the South it is just 6%.
The firm has previously declared its intention to open 70 convenience stores by the end of this year, primarily in the Greater London area.
To this end, it has already bought up seven stores from the failed camera retailer Jessops, and announced the rebranding of the 12 “M Local” stores that it already owns.
Furthermore, Morrisons has acquired a 100,000 sq ft (9,300 sq m) distribution centre in Feltham, west London.
The firm is expected to announce the inauguration of an online delivery service when it unveils its full-year results on 14 March.
“We are rolling out the Morrisons M local estate at pace this year, and these acquisitions give us a kick-start in securing a solid foothold in this key sector,” said Gordon Mowat, head of Morrisons Convenience.
“The convenience market is growing, as more people shop locally and we want to be in a position to take advantage of this.”
Deloitte said that the deal was expected to be the first of a number of group and individual sales that it would announce, as it worked through the inventory of Blockbuster stores recently earmarked for closure.


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Monthly Archives: February 2013
Baidu (NASDAQ: BIDU), often referred to as the Google of China, has adopted new, low-power servers from Marvell Technologies (NASDAQ: MRVL). A large tech company adopting low-power servers isn’t typically news, but in this case it’s certainly news for the chip sector. Baidu’s new servers are built around ARM Holdings (NASDAQ: ARMH) chip designs, a key shift in server design. ARM dominates the smartphone chip market, providing the designs found in the majority of mobile devices, and now has eyes on the server market.
Digital storage is crucial to many business models, especially cost sensitive cloud based business models. These applications are often on the cutting edge of technology while at the same time facing enormous challenges in terms of data center energy consumption and operating costs, scaling up storage capacity to meet demand and protecting user data.
Nearly two years ago, Facebook unveiled what it called the Open Compute Project. The idea was to share designs for data center hardware like servers, storage, and racks so that companies could build their own equipment instead of relying on the narrow options provided by hardware vendors. While anyone could benefit, Facebook led the way in deploying the custom-made hardware in its own data centers. The project has now advanced to the point where all new servers deployed by Facebook have been designed by Facebook itself or designed by others to Facebook’s demanding specifications.
Given the degree to which open source software has worked its way into the corporate data center, it’s interesting to dream about how “open source hardware” espoused by the Open Compute Project might let us cast off the yoke of vendor lock-in and save money on data center hardware. The reality is that hardware designed to meet the needs of Facebook and Rackspace may not be much use to the average enterprise data center. The first thing you have to realize about Open Compute designs is that, like the rich, service providers are different. They don’t buy servers one or even a hundred at a time; they provision whole data centers all at once. Those servers are also committed to very specific use cases rather than general-purpose computing.
This week, we caught up with Keven McCammon, onsite manager at Facebook’s flagship Forest City data centre in North Carolina. Billed as one of the most energy efficient data centres in the world, and the first to deploy v2 OpenCompute Project web servers at scale, Forest City is the template that all future Facebook data centres are set to follow. We asked McCammon about the new technologies being deployed and the day-to-day runnings of the facility.


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Garland Police Arrest Man For Allegedly Shooting, Killing Woman At Walmart Gas StationAaron Hass, 28, is charged with murder and is currently in the Garland Jail with no bond set.
El Paso Walmart Shooting Victim Dies From Injuries, Death Toll Now 23A hospital official says that a man shot in the Aug. 3 attack targeting Latinos in an El Paso Walmart has died after months in the hospital.
Removing Barriers: Texas SNAP Recipients Will Be Able To Buy Groceries Online During COVID-19 ResponseWalmart and Amazon are the first retailers to join the pilot in Texas, scheduled to start by May 18.
Coronavirus In Texas: More Stores Limiting Number Of Shoppers Inside At One TimeKroger is now only allowing one customer for every 120 square feet. Walmart is allowing one customer for every 200 square feet.
Amazon, Walmart Among North Texas Businesses Looking To Hire Amid Coronavirus DemandIn these difficult times where COVID-19 has turned our world upside down, millions across the country have found themselves jobless.
Albertsons, Kroger, Tom Thumb And Walmart Adding Sneeze Guards At Checkout LanesAlbertsons, Kroger, Tom Thumb and Walmart are all installing sneeze guards at checkout lanes and customer service counters to help protect customers and their employees from the spread of the coronavirus.
Texas Man Goes To Jail For 30 Days For Video Of Himself Licking Ice Cream Tub In StoreD'Adrien Anderson was also sentenced to an additional six-month jail term probated for two years and ordered to pay a $1,000 fine and $1,565 in restitution to Blue Bell Creameries.
Meal-Kit Company Blue Apron Considers Selling ItselfThe struggling company has faced tough competition from online rivals that also ship boxes of raw meat, fish and vegetables to doorstops.
US Company Recalling 14,000 Baby & Toddler Carriers Because Of Falling HazardSome 14,000 soft infant and toddler carriers, sold at Amazon Target and Walmart, are being recalled because of a fall hazard.
Patrick Crusius Now Charged With Federal Hate Crimes For Shooting Rampage At El Paso WalmartThe man accused of killing 22 people in a mass shooting at a Walmart in El Paso now faces federal hate crime charges as officials believe the attack was targeted towards the Hispanic community.
Delivery Vehicle Designed To Not Have A Driver Gets Approved, Will Be Tested In TexasThe National Highway Traffic Safety Administration granted temporary approval for Silicon Valley robotics company Nuro to run a low-speed autonomous delivery vehicle.
AP Source: Walmart Shooting Suspect Patrick Crusius Faces Hate Crime ChargesThe government has filed hate crime charges against, Patrick Crusius, the man who said he was targeting Mexicans and shot to death 22 people at a Walmart store in El Paso in August.
Suspect, Ex-Boyfriend Of Woman Shot And Killed Outside Dallas Walmart, Found Dead In GreenvilleDallas Police said homicide detectives determined Rashad Kahlil Warren, 24, was responsible for the murder of Emily Sarah Bingabing, 22.
Police Identify Woman Killed In Shooting Outside North Dallas WalmartPolice found Emily Sarah BingaBing, 22, around 9:30 p.m. at the Walmart on Montfort Drive near the Dallas North Tollway.
Authorities ID Homeless Man Who Saved Baby During El Paso Mass ShootingAuthorities have identified a mystery man who was seen on surveillance video saving a baby during last year's mass shooting at a Walmart in Texas that killed 22 people.


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Broadcom highlighted mobile video and home networking in product announcements and a rosy business forecast while the company received good news about two former executives.
The communications silicon company has been hurt less than the overall industry by the recession and sees the downturn as a good time to make additional acquisitions, President and CEO Scott McGregor said in his opening remarks at Broadcom's annual financial analyst day. Citing figures from analysts, McGregor said Broadcom's revenue has been forecast to dip by about 5 percent in 2009 while the overall semiconductor industry declines by 11 percent. Meanwhile, he said Broadcom would update its financial forecast later in the day.
After stock markets closed, Broadcom Chief Financial Officer Eric Brandt told the conference that the company expects fourth quarter revenue to rise about 5 percent from the previous quarter, reaching a record $1.32 billion (£800m). Broadcom previously had forecast flat revenue of about $1.25 billion (£760m).
The event broke out in applause in midmorning when Peter Andrew, vice president of corporate communications, passed on the news that a judge had dismissed a criminal case against Broadcom co-founder Henry T. Nicholas III and former Chief Financial Officer William Ruehle. They had been accused of conspiring to inflate Broadcom's earnings by fraudulently backdating employee stock option grants between 1998 and 2003. Judge Cormac Carney dismissed the case because prosecutors improperly intimidated witnesses, according to news reports.
Broadcom also announced a range of products including a high definition multimedia chip for mobile devices, a chipset for "multimedia connected consumer devices" such as tablets, and chips for more power efficient Ethernet equipment in enterprises.
Broadcom supplies components for wired and wireless products in the enterprise, home and mobile markets. It has an advantage over rivals because it can leverage the hardware and software it develops across many types of products, McGregor said.
"None of our competitors have the breadth we do," McGregor said.
The company is focusing on high quality multimedia capabilities in both home electronics and mobile phones, with the DLNA (Digital Living Network Alliance) standard as the common thread to allow transfers of content among them.
On Tuesday, it announced a cellular multimedia chip that can power 1080p high definition video recording, 20-megapixel still photography and the ability to display 1-gigapixel 2D and 3D graphics for gaming. The BCM2763 VideoCore IV will be manufactured using a 40-nanometer technology to result in a chip with low power consumption, Broadcom said. It is shipping to phone makers in sample quantities, and devices with the chip should go on sale in 2011, the company said.
HD playback capability on cell phones allows consumers to record video on a phone and send it to an HDTV for a showing that matches the quality of other programs on the TV, Broadcom executives said. The company already sells a chip for 720p HD video on a cell phone, which is used in the Samsung M850 Instinct HD, sold through Sprint Nextel. With the chip's low power technology, users will be able to shoot video for four to six hours on a typical cell phone battery, the company claimed.
With its 20-megapixel still camera support, the BCM2763 could move cell phones into the territory of high-end digital SLRs (single lens reflex) cameras. Broadcom says its image processing will allow for multiple shots per second with features including image stabilisation and smile detection.
Along with growth in smartphone sales, Broadcom expects an expanding role for "smart feature phones," less expensive handsets that include a web browser, email, a physical or virtual QWERTY keypad and an accelerometer. The company believes smart feature phones could eventually represent between 20 percent and 25 percent of all phones.
Broadcom also announced the Persona platform, an IP (Internet Protocol) communications chipset that will support 3D graphics and high quality audio. The Persona is designed to power devices that give consumers access to digital video recorder, set top box and home automation capabilities as well as high resolution videoconferencing. They could take the form of tablet computers, company executives said.
"Living rooms are not boring anymore. Living rooms are getting connected," McGregor said.


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Lack of sun leads to bone damage - beach vacation as protection against vitamin D deficiency?
Adequate sun exposure is not only important for the mind, but also for the bone structure. Because the vitamin D required for bone formation can only be produced to the required extent by the organism when the skin comes into contact with sunlight. In a current study, scientists from the University Medical Center Hamburg-Eppendorf (UKE) have again examined the effects of a vitamin D deficiency on the bones and found that this not only affects the bone density, but also interferes with the mineralization and causes the bones to age prematurely . This contributes significantly to the increased susceptibility to broken bones. The researchers, led by Björn Busse from the Institute for Osteology and Biomechanics at the UKE, published their results in the journal "Science Translational Medicine".
Vitamin D is not a vitamin in the traditional sense, but actually a hormone. It can only be ingested to a limited extent through food. However, the organism produces vitamin D when the skin comes into contact with sunlight. However, if only a little sunlight reaches the skin, as was the case, for example, in the extremely low-sun winter in the past, a vitamin D deficiency quickly arises, which has an extremely disadvantageous effect on the ongoing process of bone building or bone renewal. So far, he has been associated with a vitamin D deficiency mainly as a decrease in bone density, but the Hamburg researchers now come to the conclusion that it also causes premature bone aging. The increased risk of fractures is caused by the interaction of the two factors.
Increased risk of broken bones In the course of their study, the scientists at the University Medical Center Hamburg-Eppendorf (UKE) worked together with researchers from the Institute of Materials Science at the University of California at Berkeley to find the bones of 30 deceased using complex procedures to determine their composition, density and susceptibility examined for fractures. According to the researchers' analyzes, more than half of the deceased suffered from a vitamin D deficiency. An examination of the fracture mechanics of the bones using so-called micro-computed tomography showed that the vitamin D deficiency "increases both the occurrence and the spread of fractures," reports Busse and colleagues.
Impaired mineralization of the bone in vitamin D deficiency The scientists found that the characteristic increase in the areas covered with soft bone tissue (osteoid) in the case of vitamin D deficiency disrupts the mineralization of the remaining bone tissue. The analysis of the bone mineral density also showed that the soft bone tissue had a higher proportion "of mature collagen and mineral components, which are characteristic of aged tissue", Bussen and colleagues continue. Accordingly, not only does the bone density decrease with vitamin D deficiency, but the bones also show an ideal aging due to the mineralization disorder, which increases the risk of bone fractures.
Sufficient sunlight required for vitamin D formation The important function of vitamin D in bone formation can also be seen in the clinical picture of osteomalacia (rickets in children), which can be associated with considerable bone pain and severe impairments of the skeletal system. In the prevention of osteoporosis, sufficient intake of vitamin D is also considered to be of considerable importance. Although small amounts of vitamin D can also be absorbed through food, a deficiency can hardly be avoided without sufficient contact with sunlight. Sufficient sun is not always available in our latitudes. According to the scientists at the UKE, sufficient sunlight for vitamin D formation is only available all year round south of the 37th parallel. In Germany, however, the body sometimes has difficulty in producing the required amount of vitamin D during the few hours of sunshine in winter. The result is that many people in this country suffer from a latent vitamin D deficiency, which according to the Hamburg researchers' findings also weakens the bones and increases the risk of fracture. (fp)
Image: Maria Lanznaster / pixelio.de