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Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
CNBC to Host Summit on Tuesday, April 2 in NYC
Englewood Cliffs, N.J., March 4, 2019 – CNBC today announced the lineup of its latest event about the future of work, "@Work Talent + HR," which will take place on Tuesday, April 2 in New York City.
"@Work Talent + HR," part of CNBC's three-part @Work editorial franchise, will welcome an audience of Chief Human Resource Officers and senior human resource professionals to explore balancing the needs of the workforce – present and future – with overarching business priorities and demands for increased productivity. Top executives from leading companies like Adobe, Microsoft and IBM will be joined on stage by today's most influential thought leaders for a deep dive into how top executives and decision-makers are building their future workforces to best position for success amid vast disruptive technological innovation in the workplace, including AI, machine learning and automation.
Featured "@Work Talent + HR" speakers will include:
To kick off the day, select attendees will be invited to attend CNBC "Wellness and the Bottom Line." This three-hour event and luncheon, brought to you by Hospital for Special Surgery, aims to examine the best methods to maximize attendance at work, improve productivity, and have positive, measurable impacts on a company's bottom line.
Featured "Wellness and the Bottom Line" speakers will include:
"@Work Talent + HR" is the first of three @Work summits in 2019, each addressing specific aspects of key workplace changes impacting companies and their employees, today and tomorrow. Sponsors for the event include Hospital for Special Surgery, Prudential, Workday and ZipRecruiter.
Next, "@Work Human Capital + Finance," which will take place this July in Chicago, IL, is designed for an audience of Chief Financial Officers and senior financial leaders and will focus on the future of work through the lens of corporate finance. Later this year, "@Work People + Machines," which will take place on November 4, 2019 in San Francisco, CA, is designed for an audience of Chief Information Officers and Chief Technology Officers and will examine the winning strategies best-in-class companies have employed to successfully compete in the digital economy. Additional details will be announced in the coming weeks.
CNBC anchors and reporters will moderate on-stage interviews and panel discussions, which will be amplified by coverage on CNBC broadcast and digital properties, including a digital special report available at: cnbc.com/work.
As part of the event, CNBC, in partnership with SurveyMonkey, will unveil its new @Work Survey and Workplace Happiness Index, an exclusive quarterly measure of employee satisfaction and attitudes about key workplace issues.
To view the event agenda / to learn more about this event or to purchase tickets, please visit: https://www.cnbcevents.com/work-talent-hr/.
For more information contact:
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, and CNBC World, CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to 410 million homes worldwide, including more than 90 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC Digital delivers more than 55 million U.S. multi-platform unique visitors each month. CNBC.com provides real-time financial market news and information to CNBC's investor audience. CNBC Make It is a digital destination focused on making you smarter about how you earn, save and spend your money by zeroing in on careers, leadership, entrepreneurship and personal finance.
CNBC has a vast portfolio of digital products, offering CNBC content to a variety of platforms such as: CNBC.com; CNBC PRO, a premium service that provides in-depth access to Wall Street; a suite of CNBC mobile apps for iOS and Android devices; Amazon Alexa, Google Assistant and Apple Siri voice interfaces; and streaming services including Apple TV, Roku, Amazon Fire TV, Android TV and Samsung Smart TVs. To learn more, visit https://www.cnbc.com/digital-products/.
Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at http://www.nbcumv.com/programming/cnbc. For more information about NBCUniversal, please visit http://www.NBCUniversal.com.


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Vertex award-winning online retailer Boxed, and Seven Oaks Acquisition Corp., a publicly-traded special purpose acquisition company, today announced a definitive agreement for a business combination that would result in Boxed becoming a public company. The combined company will be called Boxed, Inc. upon the closing of the transaction and is expected to be listed in the U.S. under a new ticker symbol. Boxed will continue to be led by Chieh Huang, Boxed’s Chief Executive Officer. Gary Matthews, Chairman and Chief Executive Officer of Seven Oaks Acquisition Corp., will serve as Boxed’s Chairman of the Board when the business combination is complete.
Founded in 2013, Boxed makes shopping for bulk consumables easy and convenient, without the requirement of a “big-box” store membership. By leveraging its proprietary end-to-end e-commerce platform to provide Business-to-Consumer (“B2C”) and Business-to-Business (“B2B”) customers with a delightful and user-friendly basket-building shopping experience, Boxed maintains a differentiated approach in a $100 billion+ U.S. online grocery market which is expected to grow at an approximately 20% CAGR over the next five years. This has propelled the retailer’s average order value to about $100 per order and its exceptional Net Promoter Score (“NPS”) to 69. The convenience of a curated, mobile-first, basket-building shopping experience, fueled by the strength of Boxed’s brand, AI and robotics-driven technology and B2B capabilities, sets the Company apart from industry peers.
Boxed is also monetizing its proprietary end-to-end technology through a unique Software-as-a-Service (“SaaS”) offering. In January 2021, the Company signed a multi-year SaaS partnership agreement with Aeon Group, one of Asia’s largest retail conglomerates.
Boxed is a founder-led business with strong ESG principles. Boxed has developed a powerful, unique brand, known for doing right by its customers, employees and society.
- Leverages proprietary technology to promote a curated, simple shopping experience that drives big basket sizes of approximately $100, or eight items per average order, for its B2C platform
- Significant B2B business servicing a wide range of customers, from small and midsize businesses to Fortune 100 enterprises; well-positioned to capitalize on the reopening of the U.S. economy
- Rapidly growing BoxedUp paid subscriber base providing a loyal, recurring revenue stream
- Vertically integrated technology stack that includes the customer-facing front-end, the operational back-end software, and homegrown fulfillment automation robotics
- Monetizing proprietary technology platform through unique SaaS business
- Proven commitment to an ESG mission with a majority of corporate office positions held by ethnic minorities, and the Company consolidates large orders to reduce carbon footprint
“We are excited to take this important step forward to position Boxed for our next phase of growth,” Mr. Huang said. “This transaction will allow Boxed to capitalize on the tailwinds that e-commerce businesses are experiencing. This capital will also allow us to fund B2B growth, third-party marketplace expansion and drive our unique SaaS business. We look forward to partnering with the seasoned team at Seven Oaks as we leverage their operational and public company expertise.”
Mr. Matthews commented, “Boxed is a phenomenal business that meets all of the criteria as a Seven Oaks investment. Our partnership with Boxed is consistent with our goal to deliver attractive and sustainable returns to our investors through a focus on growth companies that aspire to make a positive social impact.
Mr. Matthews continued, “Boxed is a leading e-commerce platform with significant competitive advantages and multiple opportunities to accelerate growth and drive value creation. We are confident that by supporting Chieh and the talented management team with our proven operating playbook, Boxed will continue to achieve success in a rapidly growing market.”

domain: news


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Technology has created an abundance of opportunities but it has also created lots of challenges, says Randi Zuckerberg at the inaugural ClickZ Live New York.
The inaugural ClickZ Live New York kicked off with a bang on Tuesday as more than 2,000 digital marketing participants gathered at the Marriot Marquis in Times Square to listen to the opening keynote, Randi Zuckerberg.
Zuckerberg, who is the founder and chief executive of Zuckerberg Media and the editor-in-chief of Dot Complicated (not forgetting sister of Facebook’s founder Mark Zuckerberg, of course!) spoke about the journey of her career - from serving as the marketing director for Facebook for six years to starting her own company. "Facebook opened up my eyes to entrepreneurship and opportunities that existed around technology," she said.
She also spoke about the biggest new media trends that are affecting the lives of consumers today, such as the maker culture, wearables, and visual mediums like Pinterest.
Technology has created an abundance of opportunities, Zuckerberg explains, but it has also created lots of challenges. Watch the video below to hear what she had to say.
What's New for 2015?
You spoke, we listened! ClickZ Live New York (Mar 30-Apr 1) is back with a brand new streamlined agenda. Don't miss the latest digital marketing tips, tricks and tools that will make you re-think your strategy and revolutionize your marketing campaigns. Super Saver Rates are available now. Register today!
Melanie White is the Editor of ClickZ, where she has worked since July 2012. White has been with Incisive Media (ClickZ's parent company) since 2009 where she was Deputy Editor/ US Editor for one of the financial risk management titles, International Custody and Fund Administration (later Custody Risk).
In addition, White worked on FX Week where she was a Senior Reporter. She has also worked and contributed to a number of other titles, including The Accountant, International Accounting Bulletin, the New York Post, Independent Magazine (UK), as well as the broadcast title Sunday Live with Adam Boulton at Sky News.
Singapore, 3-4 November
Hong Kong, 8-9 December
Hong Kong, 8-9 December
Google My Business Listings Demystified
To help brands control how they appear online, Google has developed a new offering: Google My Business Locations. This whitepaper helps marketers understand how to use this powerful new tool.
5 Ways to Personalize Beyond the Subject Line
82 percent of shoppers say they would buy more items from a brand if the emails they sent were more personalized. This white paper offer five tactics that will personalize your email beyond the subject line and drive real business growth.


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Picnik has released a butter coffee creamer in combidome 750-ml carton packs from SIG in the U.S. The creamer is the newest addition to Picnik’s product line and is touted to provide sustained energy without the usual crash that comes with a regular cup of coffee. The single-action screwcap, known as the domeTwist, is positioned at the center of the package’s top, allowing easy access to the product.
Coffee Creamer Stirs In Functionality
August 15, 2018


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|Lebanese businessmen not hopeful on future trade with Iraq (Daily Star)|
|Lebanese businessmen not hopeful on future trade with Iraq - Few expect to get a piece of the post-saddam pie - The Daily Star
'One thing is for sure, the war won't only affect the Arab world, but Europe as well'.
Lebanese businessmen are not keen to predict how a looming US-led war on Iraq could wreck their livelihoods, but few expect to get a piece of the Iraqi pie if a "regime change" takes place."The impact of the war can only be assessed if we know how long it will last," said Jacques Sarraf, the former president of the Lebanese Industrialists Association and a major investor in Iraq. "One thing is for sure, the war won't only affect the Arab world, but also Europe."
Europe, Lebanon's primary import market, does more than just send goods to Lebanon. It provides various industries with raw materials needed to build motors, electrical equipment and cables that make their way to Iraq."If our business suffers from a war, our British partners will suffer too," said one businessman. The majority of Lebanese products that are sold to Iraq are assembled goods, such as motors or consumer products like soap, detergent or shampoo that are imported and then re-exported by Lebanese merchants.
Industrialists exporting to Iraq are less in number than merchants, but still stand to lose a market that currently consists of 15 percent of all industrial exports."The war's immediate effect will probably be a drop in industrial exports to Iraq, which reach $150 million a year," said LIA president Fadi Abboud.
This figure excludes some $350 million in non-Lebanese industrial goods exported to Iraq by Lebanese businessmen."A war on Iraq is not only disastrous to industrialists," said Elie Zakhour, the head of the Beirut Chamber of International Shipping. "Loss of the Iraqi market means lower export activity at the port, fewer letters of credit at banks, redundancies at factories and lower imports." No less than 60 Lebanese industries and trade firms are currently working in the Iraqi market under the UN-brokered oil-for-food program set up in 1996 to bring humanitarian goods to sanction-stricken Iraq. A rising number of industries have begun to sell goods to the Iraqi private sector through a Lebanese-Iraqi free trade agreement signed in 2002.
An unknown number of Lebanese merchants also conduct business through a Syrian-Iraqi oil protocol and direct cash payments, making it harder to assess the true size of trade with Iraq."It is also difficult to assess the current levels of trade, because a number of Lebanese contracts won under UN programs have yet to be implemented," said trade fair organizer Fares Saad. Lebanese traders have complained that the UN Sanctions Committee was late in providing credit as the US and the UK tightened the noose around Iraq's oil exports."Credits were opened just a few months ago, just as the war drums began to beat," said Saad. The opening of the credit lines is not abating the fears of Lebanese businessmen, who are afraid they might win contracts, but won't be able to deliver them.
Still, businessmen have not ceased trading. They are going back and forth between Beirut and Baghdad to broker deals before a war breaks out. "We have to keep on bidding on tenders, but at the same time we are hesitant when it comes to signing," said the businessmen. "This hesitancy is as damaging as the onset of war," he added. Industrialists are not only worried about a war affecting their exports to Iraq, but also to nearby Arab countries that depend on the Iraqi economy. "A war on Iraq is meant to change the politics of the region and thus their economies," said Saad.
Lebanese and Arab businessmen could lose their advantages in the Iraqi market if a war brings about regime change."The current regime cares first and foremost about political support," said Mohammed Shaar, a Lebanese resident of Iraq for 25 years and regional sales manager at tile maker Uniceramic. "If Prime Minister Rafik Hariri goes to Iraq today, Lebanese traders would get all the contracts they want."
Another Iraqi regime may not adopt the same strategy for granting contracts."The Iraqi state has always been the main purchaser of goods, will it remain so after a regime change?" asked Saad. "I think it is a myth that Lebanon could play a role in a post-Saddam era, particularly as the damage incurred on the region will not be easy to compensate."
But Sarraf believes that Lebanon could have a market niche in Iraq in the event of a regime change."Lebanon will one day be the hub of the Levant," said Sarraf. "We have never been the No. 1 partner to Iraq, but we could be No. 2."
Beirut,03 03 2003
The Daily Star


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[Canniseur: Why am I not surprised that yet another brewer is jumping into the cannabis infused beverage market? I’m not. Moosehead is still going to have a problem though. Cannabis extracts taste horrible. And despite all sorts of research in cannabis legal places to make a beverage that gets you high and tastes good, nobody has bee successful. But there is hope. Many of the terpenes in cannabis are also found in hops. Terpenes aren’t Cannabinoids, but they are a huge component of the taste and aroma of cannabis. There’s even a brewery in Michigan that makes an ale once a year called “Smells Like a Safety Metting”. So there’s hope.
VANCOUVER — Moosehead Breweries Ltd. is the latest beverage company to form a joint venture to enter the cannabis-infused beverage market in Canada once it is legalized.
An affiliate of the independent brewer, OCC Holdings Inc., is partnering with Sproutly Canada Inc. to develop, produce and market non-alcoholic beverages using Sproutly’s naturally-produced water soluble cannabinoids.
The companies say its beverages would be able to deliver the effects of cannabis in as early as five minutes and could last up to 90 minutes, providing an experience similar to smoking the drug.
Moosehead is Canada’s oldest and largest independent brewery with 152 years of experience and infrastructure that the companies say will allow the joint venture to more quickly get its cannabis-infused beverages to market.
The companies add that Sproutly’s cultivation facility and processing licence will advance formulation work that’s already been completed to date.
Health Canada has said the final rules about edibles must be brought into force no later than Oct. 17, a year after recreational cannabis use was legalized.
“After careful analysis of the cannabis industry and the cannabis beverage opportunity in Canada, we believe that Moosehead and Sproutly together are well positioned to become a significant player in the category,” stated Matthew Oland, a Moosehead senior executive, who will head the 50-50 joint venture as chief executive officer.
The Canadian Press


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In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Micron (MU), with a price target of $63.00. The company’s shares closed last Wednesday at $51.04.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.6% and a 65.2% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Micron with a $65.10 average price target, representing a 27.4% upside. In a report issued on July 21, Needham also assigned a Buy rating to the stock with a $70.00 price target.
See today’s analyst top recommended stocks >>
Based on Micron’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $5.44 billion and net profit of $803 million. In comparison, last year the company earned revenue of $4.79 billion and had a net profit of $840 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year. Last month, April Arnzen, the SVP HR of MU sold 25,739 shares for a total of $1,288,752.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.
Read More on MU:


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Up to 10 years in prison is threatening a 32-year-old detained by policemen from Ursus. The man was supposed to break into a grocery store in the neighborhood. When the policemen arrived at the scene, the suspect tried to escape from the store through the roof.
Police officers from Ursus received a report a few days ago about a night break-in at a grocery store on Wojciechowskiego Street. – After arriving at the place, the uniform found the reporting person who stated that the alarm system detects movement inside the store – said Karol Cebula, spokesman for the Warsaw III District Police Headquarters.
– Officers checked all doors and windows of the building that were not damaged. At one point, the policemen noticed a man inside the store who said that it was he who broke in – he noted.
After the detention, the 32-year-old was detained and taken to the police station in Ursus. During the interrogation, he admitted that he tried to escape from the store through the roof in front of the police.
Prosecutor’s office: The 32-year-old acted under conditions of recidivism
A spokeswoman for the District Prosecutor’s Office in Warsaw, Aleksandra Skrzyniarz, informed that the 32-year-old had heard allegations of attempted burglary and destruction of property worth PLN 4.5 thousand. The man committed these acts under the conditions of recidivism.
– The prosecutor applied a preventive measure against the 32-year-old in the form of police supervision – added the prosecutor.
Main photo source: Shutterstock


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Access Bank plc in partnership with MoneyGrams has launched the first outbound money transfer service in Nigeria, in a partnership that triggered a new turn in Nigeria’s money transfer market and makes Access Bank the first MoneyGram partner to offer such service.
The newly launched MoneyGram outbound money transfer service, marketed as “Naija Sends,” allows Nigerians to send their naira abroad through any Access Bank branch and platform in Nigeria while the funds are received in the currency of the receiving country.
According to Victor Etuokwu, head, personal banking, Access Banking, “what we promise our customers is speed, service and security. This means that we would offer them this service in a manner that is expeditious, quick, with minimal, but legal documentation; the service would be prompt and done in an environment that is secured. In other words, there would be no errors and there would not be fraud.
“There were some discussions around the limit, that it would be necessary to increase it so that those at the bottom of the pyramid who do this type of trans-border transactions would be able to see this as an enabler for their business. If you put the limit so low, you will cut off some micro entrepreneurs. So, it is a welcome development that the regulator is sensitive to some ideas that would grow the economy.”
Also speaking at the event, Ola Isola, head, Franchise Group, Access Bank, said: “I would call on all Nigerians to see this as a platform to relate with their loved ones and business partners across the world. So, be it payment for a child in school, medical payment, business purchases across the world, this is a safe and secured platform. This is a platform that the people within the bottom of the pyramid are conversant with. The charges are competitive when you compare them with the alternative platforms. But we have to always note that the service not paid for is not sustainable.”
Commenting on the launch, MoneyGram regional manager for Anglophone West Africa, Kemi Okusanya, said the launch of “Naija Sends” had further deepened the brands reach and service in Nigeria. In her remarks, she noted: “Over the last two decades, MoneyGram has facilitated over 15 million transactions in Nigeria, enabling safe, convenient and reliable transfer of funds from the Nigerians in Diaspora to their loved ones. As Africa’s largest economy, with over 10 million migrants, we are glad we are able to offer this service in Nigeria today.”
With this service, Nigerians can now send money to countries like the UK and USA from Nigeria. Nigerians can now send money in naira and the person receiving in the UK or USA will receive it in pounds or dollars.
The outbound money transfer service allows Nigerians to send money in naira to over 200 countries around the world by simply working into any Access Bank branch in Nigeria or in other African countries where Access Bank has operations.


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The choice had been made public by the Apple CFO, Luca Maestri, at the provider’s quarterly earnings release. Another sign of iPhone 12 delay came in the quarterly earnings introduced from a planet’s top chipmaker – Qualcomm that, in its report, had emphasized that a”partial impact in the delay of an international 5G flagship phone launching” because of its fourth-quarter projections. Tweeps also have leaked evidence that US cell phone carriers have been in the process of organizing advertising materials for your apparatus. The technology websites have noted that US cellular carriers are getting ready for the iPhone 12 using 5G support. The initiation of the iPhone 12 will likely be postponed in an unprecedented turn of events from Apple’s history. That feature is found in Apple’s iPad Professional.
Not one of those displays, on the Guru versions, possesses a 120Hz refresh rate or exactly what Apple would predict”ProMotion” tech. But they indicate Apple is listening to both program manufacturers who have complained about the business’s rigorous guidelines. Yes. Last week, Apple corrected its App Store inspection instructions to loosen restrictions on iPhone and iPad matches, flowing straight on the world wide web and in-app purchase principles. Last week, Apple announced flaws in modifications to its forthcoming iOS 14 launches.
What’s Apple delaying modifications to forthcoming iOS 14? The fluctuations are rather tiny. The pupils in my college are quite good at staying on the job when they are permitted to work with their mobile electronics. Whenever you don’t utilize reverse, if you win or lose is mainly a function of chance. The first couple of times you use it, then you ought to empty it to close empty before recharging it. I use it to get all those items in your to-do list, which are significant, but they are not that brutal, so that you tend to forget about it after some time.
While we generally get to watch the brand newest iPhones introduced sometime in September this season, the apparatus appears to be somewhat delayed due to the continuing COVID-19 pandemic. Meanwhile, rumors are considered Apple is set to unveil many as four brand new iPhones this season involving the much-awaited iPhone 12 that will indicate an unprecedented event in Apple’s iPhone 2020 launch.
There’s sufficient evidence to back the claim which 2020 is still a great year and the move from Apple to postpone the iPhone 12, which has been scheduled to be released in early September just like the rest of the years before, only affirms it. Apple isn’t modifying its 15 percent to 30% charges obtained from program downloads, in-app subscriptions, and purchases; however, the upgrade declared Friday, September 11, 2020 implies that these charges will be implemented in fewer instances. The changer could have hurt advertisers that target users who download free programs on Apple App Store, like facebook.


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Inauguration Day is just three days away and Washington, D.C. is expecting crowds upwards of 800,000 people, according to some estimates. With that many out-of-town guests, hotels have historically had a field day jacking up prices, but thanks to competition from the sharing economy, travelers have more options at lower prices.
Whether President-elect Donald Trump matches President Barack Obama’s record-setting turnout of from 1 milion to 1.8 million visitors to the nation’s capital for his swearing is questionable. However, anyone with a bed, a toilet, and a shower are able to cash in and, historically, that’s been the hotel industry.
This year, the rising popularity of home sharing (online platforms that permit you to rent out a room or your apartment or house to strangers) has offered more budget-friendly, local accommodations making it that much harder for hotels that raise prices.
A quick online search of available hotels finds that hotel prices for the two nights bookending the Inauguration are double –even triple—the prices for the same exact timeframe just one week later. To stay within city limits, expect to shell out between $225 a night to well over $2,000. For $225 a night though, you’ll be on a bunk in a shared room in a hostel that goes for just $23 per night the next week. That’s at the low end of the spectrum. There’s still a room for you at the Courtyard for just $1,450 per night, although if you wait a week, you’ll have the same room for $209 a night. These aren’t even the priciest options.
And then there’s Airbnb. There are rooms going for several hundred and even over a thousand per night, but the price and assortment – given the location and proximity to the action – is a lot better.
What’s interesting is the proliferation of individuals and families renting or staying in DC-area home sharing locations this Inauguration compared to four years or eight years ago.
Airbnb released interesting data they’ve collected on Inauguration bookings through their website:
· Over 13,000 guests are booked at Airbnb listings in the Washington, DC metropolitan area for Inauguration Day — ten times as many guest arrivals as we experienced during Inauguration Day in 2013 and the biggest night ever for Airbnb arrivals in the District of Columbia.
· Between January 19 and 21, 2017, more than 15,100 guest arrivals will occur in the DC-area via Airbnb.
· Of the 5,200 listings currently booked for Inauguration Day, 25% are from first-time hosts.
· Fewer than 10% of all booked listings have increased their price from four weeks ago. The typical price increase for a booked listing is about $30 per night which is in stark contrast to local hotel rates that have doubled or are ten times their original price.
Airbnb is also touting that DC-area hosts will pull down over $5.9 million in reservations during the Inauguration – ten times higher than in 2013 – as well as a projected $10 million in economic activity for the city. For hardworking families and entrepreneurial individuals, this will be a nice budget bonus that can go towards vacations or paying down debt.
Home sharing is a welcome alternative to pricey hotels that are notorious for hiking prices in advance of major events. Price increases are a market signal that demand is increasing relative to the same level of supply. We know that hotels take advantage and inflate their prices even higher. It’s not just during the Inauguration either, but sporting events like the Super Bowl, during Commencement Season, and of course in beach areas during holidays and vacation season.
The difference is that Americans now have more options thanks to technology. Home sharing provides a viable alternative at a cheaper price. Staying in someone else’s home also provides a chance to interact with people who they wouldn’t connect with at a hotel or to stay in neighborhoods that simply aren’t zoned for hotels.
Home sharing is here to stay, so with time, we expect to see greater effects on the hotel industry for the good of consumers. As can be expected, the hotels are taking note. Let’s hope that instead of pushing back on new competition, they’ll find ways to deliver better value and price to customers. We’re not optimistic though.


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Urban Taco, the Mexico City-style taqueria in Mockingbird Station, is opening a new branch — this one slightly closer to the gayborhood.
The new location will be on McKinney just south of Lemmon and feature a more ambitious look than the smallish taqueria wedged between Rock Fish and whatever.
A three-tiered patio will overlook a water fountating, and an outdoor bar will be made of recycled Skyy vodka bottles. There’ll even be a chef’s table to let diners watch their food being made. And of course the food, which I favorably reviewed three years ago.


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A gunbattle inside a shopping centre in the Kenyan capital, Nairobi, has left at least 30 people dead and more than 50 injured, authorities said.
Gunfire has been exchanged for hours after Kenyan troops and elite units joined police fighting gunmen in Nairobi’s upmarket Westgate shopping centre on Saturday.
A spokesperson for the Somalia-based Al Shabaab armed group said it was responsible for the attack.
While Kenya’s Internal Security Minister Mutea Iringo said that the government is now “fully in charge” of the situation, those at the scene disagree.
“There’s been no indication that [the situation] is under control,” freelance journalist Alan Boswell told Al Jazeera from outside the shopping centre.


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The frenzy of a few weeks ago might have evaporated from the Sydney auction market, but there still seems to be plenty of buyers for the right properties.
There were 285 homes listed to go under the hammer on Saturday, up from a paltry 41 on the Easter weekend, but well down on the record-high 1112 that were taken to auction the weekend before Easter.
Australian Property Monitors put the auction clearance rate at 78.4 per cent on Saturday evening.
Some of the hottest of those on Saturday had multiple buyers circling and most sold for well over their reserve price.
One of them was in Erskineville where six groups registered to bid for a three-bedroom terrace with no parking in Rochford Street, one of the suburb’s best. It went to a local buyer, Debbie Petlueng, who paid $1.28 million, which was $20,000 more than the reserve and, according to the agent, was the highest price paid in the street for a house without parking.
Like most of those interested in it, Ms Petlueng was attracted by its location just down from the village shops and a five-minute walk from King Street and the station.
‘‘It is the most perfect location for my situation,’’ said Ms Petlueng, who has lived in Erskineville for the past three years and has a daughter at the local high school.
‘‘I’ve been casually looking [to buy] for a couple of years, but intensely looking for a couple of weeks.’’
Unlike the Victorian properties around it, the three-level terrace, with two living areas, a garden courtyard and master bedroom with en suite and balcony is only 17 years old and was bought a decade ago by the vendors for $581,000.
Since then Erskineville has enjoyed a resurgence and is now what the selling agent Shane Turner, from Travers Gray Real Estate, said was ‘‘a very sought after area, and one of the most beautiful in the inner west’’.
Despite the result, the bidding was slow to get started. Auctioneer Ricky Briggs, from Cooley Auctions, refused an opening bid of $900,000, which he said was too far below the $1.2 million mark where he thought the bidding should begin. Eventually the auction kicked off with a bid of $1.1 million and from then on there was spirited bidding.
Afterwards Mr Briggs said while houses were still selling under the hammer for good prices he had detected a growing wariness among buyers.
‘‘They’re more savvy and they’re more cautious than they were before Easter,’’ he said.
Yet there seemed to be little caution at the auction of an unrenovated bungalow in Eastwood, one of the city’s best-performing suburbs over the past 12 months, which Australian Property Monitors found had price growth of 33 per cent in that time.
A dozen groups registered to bid for the three-bedroom house at 23 Oakes Avenue, which had only ever had one owner, and which ended up selling to a downsizing couple for $1,335,000. The agent, Heath Dockary from McGrath, would not disclose the reserve but said the sale price was ‘‘well above’’ it. The guide during the campaign had been $1.15 million, he said.
Out west at Blacktown, seven bidders fought over a fibro house that had been in the one family for more than 50 years. It ended up selling to a pair of investors for $540,500 – $70,000 over reserve and a result that stunned agents Mark Vella and Brandon Mercia, from Starr Partners Blacktown.
‘‘I thought it might get $500,000, but it far exceeded that,’’ Mr Vella said. ‘‘I think it was the location that everyone liked. It is close to the station and the shopping centre.’’


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Due to health and transparency concerns, some Stanford students and faculty have expressed support for a proposed ballot initiative that would require the labeling of genetically modified food on retail grocery products in California. The California Right to Know Genetically Engineered Food Act of 2012 requires 504,760 signatures to appear on the Nov. 2012 ballot in California.
Hannah Kohrman, co-president of the Stanford Farm Project and a coterminal student in earth systems, said she “fully supports” the ballot initiative.
“Genetically engineered (GE) foods are highly controversial to begin with,” Kohrman said. “Many consumers don’t trust their safety and think we don’t know enough about the consequences of eating and growing GE foods.”
The Farm Project will discuss the ballot initiative at its normal Wednesday night meeting this week. Kohrman said she will “recommend that [the group’s] members sign the online petition” at the meeting.
Kohrman called into question the rationale behind the food industry’s reluctance to label foods.
“The fact that the food industry would be so against labeling genetically modified crops makes me even more skeptical,” she said.
According to Kari Nadeau, Stanford associate professor of pediatrics, “if something has been genetically modified the public ought to know.”
Nadeau stressed the importance of a label “that states what type of genetic modification has occurred.”
“If to increase the protein content of a food you have inserted nut proteins, the food product has to be labeled,” Nadeau said.
The health risk of splicing peanut and tree nut proteins into other foods to enhance the protein count is an issue that needs to be researched further, she said. According to Nadeau, seemingly minor alterations can have unintended life-threatening ramifications for the growing number of food allergy sufferers, and not labeling genetically modified foods risks creating serious anaphylactic allergic reactions.
Nadeau noted that doctors are curious if allergies were as common among the population before there were genetically modified (GM) foods.
“When the soybean started to become genetically modified, those modifications were at the fulcrum, and we began to see an increase in the prevalence of food allergies,” Nadeau said. “Modern hygiene is probably also a factor,” she added.
“As we move forward with generations, things are getting worse and worse, with a steady rise of food allergies and asthma,” Nadeau said. “There’s an entire profile of a nation that’s becoming more allergic.”
According to the California Secretary of State website, the ballot initiative would “require labeling on raw or processed food offered for sale to consumers if made from plants or animals with genetic material changed in specific ways.”
The initiative would exempt certain foods from being labeled such as certified organic food, products of animals that ate or were dosed with genetically modified material and foods that are “processed with or containing only small amounts of genetically modified ingredients.”
The Secretary of State website indicates that the fiscal impact would be a “potential increase in state administrative costs of up to one million dollars annually to monitor compliance with the disclosure requirements specified in the measure.” Legal costs due to “possible violations to the provisions of this measure” to the courts and attorney general could add up to “potentially significant costs.”
Ruthie Schwab MBA ’13, president of the Graduate School of Business Food and Agricultural Resource Management Club, said she views informing consumers and clearly labeling food as the best policy. Schwab highlighted implications on a national and governmental level, nothing that “it ensures a higher level of transparency and accountability along supply chains, which can be valuable from a food safety perspective.”
“While in the short term it may create an initial burden for industry, the European Union (EU) has shown it can be done and, once implemented, does not seem to pose a significant ongoing challenge,” Schwab continued.
A submission to the California Attorney General’s office by James Wheaton, attorney for the initiative’s proponents and visiting lecturer in the Stanford department of Communication, said that “polls consistently show that more than 90 percent of the public want to know if their food was produced using genetic engineering.”
The proponent findings statement continues, stating “no federal or California law requires that food producers identify whether foods were produced using genetic engineering,” whereas, “fifty countries – including the EU member states, Japan and other key U.S. trading partners – have laws mandating disclosure of genetically engineered foods.”
The initiative materials also note the environmental impact of increased GM food production, stressing the “hundreds of millions of pounds of additional herbicides…used on U.S. farms” on GE crops that tolerate herbicides.
“Organic farming is a significant and increasingly important part of California agriculture,” the statement continues. California has “one out of every four certified organic operations in the nation,” and these farmers’ crops “are regularly threatened with accidental contamination from neighboring lands where genetically engineered crops abound.”
Student supporters of the initiative differentiate between base objection to genetically modified foods and a desire for greater transparency for consumers.
“The initiative is not debating the safety or use of GE foods, but it’s supporting the consumer’s right to know,” Kohrman said.
“GMOs aren’t always bad in themselves, and they may be necessary to feed a growing world population, but it’s important to protect consumer choice by labeling foods that contain genetically modified plants,” said Elaine Albertson, a coterminal student in earth systems and urban food systems.


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Honda Canada Inc. has revealed the first design sketch of its all-electric SUV Prologue launching in 2024.
The idea for the vehicle originated at the Honda Design Studio in Los Angeles, in collaboration with a design team in Japan. It was co-developed by GM. A release states it is the first Honda (HMC-N) vehicle designed using virtual reality.
The design team focused on reducing cabin noise, given the lack of an engine would make wind and other exterior noise more noticeable.
“The Prologue is Honda’s first electric vehicle in Canada and is the result of a strategic North American plan announced two years ago that includes a collaboration with GM to produce EVs in a more efficient manner,” said Steve Hui, Honda Canada’s vice president, in a prepared statement.
“The Prologue signifies our transition to electrification, with more Honda-engineered and manufactured EVs in North America coming in 2026.”
The Prologue is part of Honda’s goal to be a carbon-neutral company by 2050. It plans to introduce 30 EVs globally by 2030, with a volume of two million units. That same year, Honda plans to have sold 500,000 EVs in North America.
Honda Canada was founded in 1969 and has its head office in Markham, Ont. It has produced almost 10 million cars and light trucks at its Alliston, Ont. manufacturing facilities, where the Honda Civic and Honda CR-V are currently built.
New EV chargers coming to B.C.
Natural Resources Canada announced a $3.54-million investment to B.C.’s Ministry of Energy, Mines and Low Carbon Innovation to help fund up to 810 EV charger installations across the province.
It will be funded through the Zero-Emission Vehicle Infrastructure Program (ZEVIP).
The chargers will be installed at multi-unit residential buildings, workplaces, or facilities for servicing light-duty vehicle fleets by October 2023.
A press release states investments in charging infrastructure made so far will result in more than 25,000 new chargers across the country. The federal government hopes to see 50,000 zero-emission vehicle chargers installed in Canada.
GreenPower school buses eligible for U.S. rebates
GreenPower Motor Company Inc. has announced its all-electric school buses are eligible for rebates under the Environmental Protection Agency (EPA) Clean School Bus program in the U.S. It says the Type D BEAST is eligible for up to $375,000 in rebates, and up to $285,000 for the Type A Nano BEAST.
The Clean School Bus Program will provide $5 billion over five years to replace existing school buses with clean and zero-emission models.
The BEAST is a 40-foot, 90-passenger capacity, Type-D school bus and The Nano BEAST is a 25-foot Type-A school bus available with standard or accessible seating. Both have a range of 150 miles and can charge up to 20 KW on a DC fast charge.
GreenPower (GPV-X) is based in Vancouver, but has primary facilities in Porterville, Calif.
In March, GreenPower signed a deal with Workhorse Group to supply 1,500 of its EV Star cab chassis units to the company.
“We believe our space will be the largest EV OEM in the Class Four and possibly in the school bus space entirely. That’s our goal,” GreenPower president Brendan Riley told SustainableBiz in an interview at the time.
Exro CEO to speak at TechCrunch and Collision
Exro Technologies Inc. CEO Sue Ozdemir is getting the word out about her company’s new Coil Driver technology — an EV replacement for the classic inverter.
She presented at TechCrunch Sessions on mobility in San Mateo, Calif. a week ago, and will speak at Collision in Toronto from June 20 to 23.
At TechCrunch, Ozdemir led a roundtable entitled, “why you can’t build a new EV in corporate America.” She and the company also contributed to discussions on the state of the mobility industry alongside executives from Volkswagen Group, Waymo and Cruise, among others.
At Collision, she will join Doug Campbell, founder and CEO of Solid Power, and Sebastian Gendron, CEO of Transpod, for a panel discussion on Fast-tracking Sustainable Infrastructure, hosted by Akiko Fujita, anchor and reporter for Yahoo Finance.
Exro (EXRO-T) will also participate in the auto/tech section of the conference to discuss concepts disrupting the auto industry alongside companies such as GM and Uber.
Additionally, the Calgary-based company recently added Rod Copes to its board of directors. Copes is the recently retired COO of American EV automaker Rivian. He had previously joined the company’s advisory board in March.
South Star Battery Metals builds graphite mine
South Star Battery Metals Corp. has announced phase one of construction starting June 2 on its Santa Cruz graphite mine in Southern Bahia, Brazil. The Vancouver-based battery metals project developer expects production at the site in Q2 of 2023.
Graphite is a critical component of the anode in EV batteries.
Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining.
“We look forward to kicking off construction and continuing our focused approach to delivering on our long-term goals and objectives,” said Richard Pearce, South Star’s president and CEO in a statement. “The start of commercial production is now in sight, and this is the perfect time to have a strategic, scalable asset in an important jurisdiction coming online in the critical battery metals supply chain.”
South Star’s (STSBF) next project is a historic mine in Alabama which was active during World Wars I and II. Trenching, sampling, analysis and preliminary metallurgic testing has been completed.
EV Technology Group electrifies MOKE vehicle for Cannes
The EV Technology Group Inc., via its subsidiary MOKE France SAS, is collaborating with film production company SensCritique to bring the MOKE electric vehicle to the Cannes Film Festival.
The group, founded in 2021, is based in Toronto and is focused on electrifying brands.
The MOKE, invented in 1964 and seen in James Bond films, is akin to a street-legal golf cart. The group is also an investor in and strategic partner with MOKE International Ltd., which announced the production of the first fully electric MOKE. Under development for the past three years, it is being manufactured in the U.K.
At Cannes, the MOKE is featured in a number of SensCritique celebrity interviews.
“Seeing the first Electric MOKE vehicle come off the production line is a momentous step,” said Wouter Witvoet, the group’s CEO, said in a statement. “The MOKE is truly iconic and we are seeing high demand for this electric variant – particularly in the south of France. We are excited to be backing MOKE and helping take the first iconic brand in our portfolio into an electric future”.
MOKE France SAS will open its first flagship store, Casa MOKE, in St. Tropez this summer.
In April, the EV Technology launched an electric vehicle subscription service utilizing the MOKE. In the same month, the company entered the Canadian market via the Neo Exchange under the ticker EVTG-NE.
Euro Manganese ships final demo plant modules
Vancouver-based Euro Manganese Inc. has shipped its final demonstration plant modules from Shanghai to Hamburg. The battery materials company (EMN-X) produces manganese for the EV industry and other applications.
The first consignment was shipped on April 30.
Each module will be shipped to the Chvaletice Manganese Project site in the Czech Republic by rail. The mine is about 90 km east of Prague and the project involves recycling tailings from a decommissioned mine that operated between 1951 and 1975. A press release states the Chvaletice Project is the only sizeable manganese resource in the European Union.
In fact, Euro Manganese states the project could fulfill 20 per cent of the projected 2030 European demand for high-purity manganese.
Delivery is expected in June and July respectively, with assembly commencing on arrival. Commissioning is targeted for September and first delivery of samples to customers is expected in the late 2021.
Activities in the mine are conducted through its subsidiary, Mangan Chvaletice sro, which holds a 100 per cent interest in the Chvaletice Manganese Project.


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Video: Volume — the cool-looking stealth game from the creator of Thomas Was Alone that combines the Robin Hood legend with inspiration from Metal Gear's VR Missions — will be out on August 18 on PlayStation platforms and Steam.
Volume Will Be Out On August 18
Trending Stories Right Now
The Twitch community was appalled when live on stream MrDeadMoth seemed to physically hit his (apparently pregnant) wife live on stream - all in front of their child.
Triple AAA games nailing the brief. Indie games surprising people out of nowhere, and expansions and patches that completely turn a game around. It's been a good year for games - now it's time for you to vote for your favourite.


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Search CSP Daily News
4 convenience store chains helping out after December’s stores
Features 8 c-store chains, including GetGo, Rutter’s, Sheetz and more
Retailer debuts van at Pennsylvania hospital to thank healthcare workers with coffee, hot chocolate
Retailer collecting donations for Red Cross
Handbook includes 1-page resource to post in break rooms or behind the counter
17 c-stores featured including Island Energy Services, Tri Star Energy, more
LTO subs, charitable donations, trucker tribute all on the menu
Initiatives include GI Bill Apprenticeship, Warriors to Wheels, more
Casey’s, Dash In, Global Partners among c-store chains that gave back
EG Group, The Wills Group, CEFCO among c-store retailers featured
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Top 202 details the largest chains in the convenience-store industry and the biggest M&A stories of the past year.
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Peek inside new convenience stores to uncover the best in retail store design across North America.


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Sézane to open in San Francisco in September
Here we go again. Ready-to-wear brand Sézane will open in San Francisco in September. The shop will have the same format as in Los Angeles, where the ready-to-wear brand founded by Morgane Sézalory has been operating since the end of April, in the Platform shopping centre, and will last four months, until end of December.
While the brand did not disclose the exact opening date and location, it said the shop will repeat the same model as in Los Angeles: a Parisian boutique decor, with flowers and wallpaper, offering a wide selection of wardrobe and objects made in collaboration with friendly brands.
Busy for the past two years travelling and testing the cities of the American West, the Sézane team set foot in San Francisco for the first time in August 2019 by opening a space within Re:store, a place dedicated at the time to the organisation of pop-up shops for brands specialising in online sales.
Sézane has now been present in the United States for a few years, via its Sézane New York Apartment.


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Latest News, Photos, Videos On Rupee Against Dollar
Forex dealers said US dollar’s gains against rivals overseas in the wake of a string of developments at the global level also had an impact of the rupee. The U.S. dollar falls against most of its major rivals on Monday, but climbs against the British pound as investors question what would be next for the U.K. government as it wrangles with a hung parliament just before Brexit talks are scheduled to begin in a week.
There’s more good news because as of July 22, 2015, one British pound is currently worth around 1.562 US dollars, well below the $1.65 average over the last 15 years from 1990. Again, this means that by spending a pound in the UK right now, it’ll cost you less dollars. London’s calling!
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On the basis of this self-commitment, BaFin suspended its planned ban in December 2016. BaFin stated that it will be watching developments very closely over the next six months to see whether the self-commitment provides sufficient protection for retail investors investing in CLNs. Should the protection prove to be insufficient in BaFin’s view, it will resume product intervention considerations on this topic. See BaFin dismisses plans for ban of credit linked notes due to industry self-commitment for more detail. CFD is just the abbreviation for the a form of trading known as Contracts For Difference.” Unfortunately, even having the full name laid out like that isn’t especially instructive without more explanation about the workings of some trades. A CFD is a type of trade that speculates on where an asset’s price is going to go. The trader makes a prediction about that price, the broker accepts it, and the difference from your prediction to the final result is what you get paid. Fourth, Bitcoin is undeniably unique. There’s no commodity or currency quite like it – it’s the world’s first widely-traded digital commodity and a programmable currency with predictable inflation. As a result, Bitcoin price generally moves independently of Forex, stock, bond and commodity markets. Bitcoin, as a global network, is also somewhat insulated from localised risks. This independent quality substantially reduces the importance of external news flow (and other market noise) to Bitcoin traders.
world’s leading exchange platforms for cryptocurrencies now offer margin trading and margin funding.
Bitcoin has been making headlines in the financial news for the past few years due to extreme volatility in its value. If you don’t yet know what Bitcoin is, it’s a cryptocurrency that isn’t controlled by a central authority like the Federal Reserve, rather by an algorithm. people can make direct, instant payments to other individuals without any exchange or transfer fee. with almost absolute anonymity.
Bitcoinsmaster.com is one of the world’s leading blogs about bitcoin
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The FCA is Enhancing regulation requirements for brokers and firms providing CFDS to retail traders. The FCA (Financial Conduct Authority) has published the CP16/40 Consultation Paper titled:”Enhancing conduct of business
rules for firms providing contract for difference products to retail clients” the policy in this consultation paper was developed in the context of the existing UK and EU regulatory framework.
- CFDs are simple, leveraged derivative financial instruments that brokerage firms commonly provide to retail traders via online trading platforms. CFD trading enables traders to speculate on price volatility of almost any underlying financial asset eg, shares, indices, currencies, commodities and even cryptocurrencies.CFDs are leveraged trading instruments which mean that they are traded on margin. Instead of funding the full value of the position, the trader invests a fraction which called “initial margin” to open the position. CFDs obtain the price arbitrage of the underlying asset between the opening trade and the closing trade.
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Stories: Infarm raises $100 million to expand its urban farming platform to the U.S. and beyond
Infarm, a Germany-based European Innovation Council pilot's funded company that distributes “modular farms” to grocery stores and other urban locations, has raised $100 million in a series B round of equity and debt funding led by Atomico, with participation from existing investors including Balderton Capital, Cherry Ventures, Astanor Ventures, and TriplePoint Capital.
The CO2 emissions produced by growing, farming, and transporting food around the world is significant, with some estimates pegging the food footprint (“foodprint”) at around one-quarter of the total global greenhouse gas emissions. By creating a system of vertical micro-farms in cities, which entails producing food indoors within a stack of glass cases in a controlled environment, Infarm is pushing to reduce the environmental burden that food production has on the planet.
According to the company, its technology is designed to be built and distributed in any available space, and there is no need for a centralized warehouse or other infrastructure setup costs. The farms can be found in restaurant kitchens, supermarket aisles, and warehouses, and are designed to scale and make cities self-sufficient in producing their own plant-based food.
Each farm is its own ecosystem, with growing recipes that tailor light spectrums, temperature, and nutrients to ensure the maximum natural expression of each plant. A matrix of sensors collect and record growth data from each farm. Infarm is remotely controlling the performance of the farms at all times, ensuring your plants receive the best care as they grow.
“Infarm was founded with an ambitious vision to feed the cities of tomorrow by bringing farms closer to the consumer, and with this round of funding we aim to grow our presence further — sowing the seeds for a delicious and sustainable food system in urban centers across North America, Asia, and Europe,” noted Erez Galonska, Infarm cofounder and CEO.
Founded in Berlin in 2013 by Osnat Michaeli alongside brothers Erez and Guy Galonska, Infarm has partnered with a number of food retailers across Europe, including Amazon Fresh, Metro, Edeka, Migros, Casino, Auchan, and Intermarche to install vertical indoor farms inside their outlets. In 2016 the company received a Phase 2 grant from the EIC pilot SME Instrument of 1.931.885 €.
View Infarm's information on the EIC SME Instrument data hub.


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Edge Capital Group LLC trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,173 shares of the company’s stock after selling 926 shares during the period. Edge Capital Group LLC owned approximately 0.06% of Hasbro worth $7,944,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. Ronna Sue Cohen raised its holdings in shares of Hasbro by 8,221.2% during the first quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock valued at $3,609,000 after purchasing an additional 3,565,801 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Hasbro by 88.5% during the first quarter. Artisan Partners Limited Partnership now owns 957,518 shares of the company’s stock valued at $81,408,000 after buying an additional 449,569 shares during the period. Great Lakes Advisors LLC grew its position in Hasbro by 76.0% during the first quarter. Great Lakes Advisors LLC now owns 447,159 shares of the company’s stock valued at $38,018,000 after buying an additional 193,061 shares during the period. Janus Henderson Group PLC grew its position in Hasbro by 5.0% during the first quarter. Janus Henderson Group PLC now owns 3,281,110 shares of the company’s stock valued at $278,963,000 after buying an additional 155,935 shares during the period. Finally, Geode Capital Management LLC grew its position in Hasbro by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock valued at $141,722,000 after buying an additional 109,854 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.
In other Hasbro news, EVP Stephen J. Davis sold 4,200 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $98.24, for a total value of $412,608.00. Following the completion of the transaction, the executive vice president now directly owns 39,238 shares in the company, valued at $3,854,741.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.30% of the company’s stock.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.27. The business had revenue of $984.54 million during the quarter, compared to analyst estimates of $958.91 million. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Equities research analysts expect that Hasbro, Inc. will post 4.71 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.68 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.44%. Hasbro’s payout ratio is currently 70.65%.
Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Hasbro from $95.00 to $99.00 and gave the company a “hold” rating in a research report on Monday, July 15th. ValuEngine upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. BMO Capital Markets boosted their target price on shares of Hasbro from $93.00 to $105.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. DA Davidson boosted their target price on shares of Hasbro from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Barclays boosted their target price on shares of Hasbro from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $118.85.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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Intel's New Chip Has Real Flash
For more than a decade, researchers in labs from Osaka to Yorktown Heights, N.Y., have experimented with a radical technique to double the capacity of computer memory chips. On Sept. 17, chip giant Intel Corp. announced in Japan that it will produce chips using this so-called multilevel-cell technology. Intel isn't actually the first to announce such a revolutionary chip--two startups beat it to the punch. But the $20 billion chip giant's entry legitimizes the new technology.
For now, it's only a quiet revolution, restricted to "flash" memory chips that keep data even when the power is off--and that are used widely in battery-powered products such as digital cameras, cellular phones, and notebook computers. Once the chips find their way into products, in early 1998, you'll be able to shoot twice as many photos with a digital camera--or the same number of shots with double the picture quality. Or you can run larger and more complex programs on a laptop.
BIG STEP. How big a breakthrough are Intel's new StrataFlash chips? Potentially, huge. By using very stable materials and ultrasensitive sensors, Intel's chips can store and read four different levels of voltage inside each transistor, instead of just relying on the binary on-off of conventional chips (table). The net result is that each transistor holds four data values, or the equivalent of two bits, rather than one, in the binary language of electronics.
Where that doubling would really pay off is in the DRAM chips used in desktop computers or in the microprocessors that control them. But such chips use materials that can't easily accommodate multilevel cells and that also require speeds hundreds or even thousands of times faster than flash. Japan's NEC Corp. disclosed in February that it aims to deliver a DRAM chip by 2000 that uses four-level memory cells, but Randall Isaac, research vice-president at IBM's T.J. Watson Research Center in Yorktown Heights, doubts the product's potential. He says most chip researchers think it's unlikely to meet the speed and reliability requirements of commercial memory chips.
Engineers have long dreamed of being able to create microprocessors that deal with more than one bit per transistor. But Intel's flash technology won't help make that happen, either. Microprocessors use an entirely different internal structure, and the limited amount of data they store requires very high-speed circuitry. IBM researchers have toyed with the idea of building microprocessors using multilevel circuits for more than a decade, but, concludes Big Blue's Isaac, "it still isn't viable" for commercial computing.
Still, Intel's new StrataFlash will give it technology bragging rights and a potential edge in flash memory, a market that has grown by 50%, from $2 billion in 1995 to an estimated $3 billion this year. With more and more portable devices needing memory chips, "flash has become a pretty big deal," says analyst Drew Peck of Cowen & Co. Intel now has about one-third of the market--down from 39% at the end of 1995, according to Dataquest Inc. Its new $30 chips, which hold 64 megabits of data each, may help it stage a comeback. As for the revolution, it will have to wait.


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ArcheAge: Dread Prophecies Update Now Live
The ArcheAge Dread Prophecies game update for ArcheAge has launched recently, featuring a ton of new features and options, including new zones and events, all new ship customization and improved ship combat.
For more info, on this update, visit http://www.trionworlds.com/archeage/en/2015/04/28/the-dread-prophecies-have-been-fulfilled/
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Google did clear things up a bit later and, after the initial exaggerated reaction, level-headed people started realizing that there was really nothing to fear, at least, nothing more than there already was.
But just as the dust was beginning to settle, Microsoft decided to stir it up again, by playing the role of the White Knight, of all things, bent on saving poor, defenseless users forced to live under the tyranny of Google.
Microsoft not only took the opportunity to bash Google in a blog post, it even launched a newspaper ad campaign labeled "Putting people first."
The company intended to show that its products are better because Microsoft works "to keep you safe and secure online, to give you control over your data, and to offer you the choice of saving your information on your hard drive, in the cloud, or on both."
The company didn't exactly specify how it's doing that or how Google isn't. The problem with Microsoft's campaign is that, not only is it not explaining how Google's products are "bad" for privacy, it doesn't explain how Microsoft's are better. One reason for this would be, of course, because they're not.
Google has responded to some of Microsoft's accusations, but there's nothing really new or surprising in there.
One argument that Microsoft loves is that Google reads your emails and documents "to benefit advertisers." "Google" does indeed "read" your emails. Google, where "Google" means computers, software and algorithms, is the one storing them, the one sending them to their destination and so on.
Microsoft reads your email as well, it wouldn't be able to stop any spam message if it didn't. But no person ever has access to your email, in Gmail or Hotmail, except under very strict circumstances.
The distinction is, according to Microsoft, that Google does it to benefit advertisers. But, aren't all of Microsoft's ads, including the ones in Hotmail, for the benefit of the advertisers, as well as for the benefit of Microsoft and, hopefully, for the benefit of the users. That's how advertising works and that's how it has always worked. Google is just better at it than Microsoft and it's not because it's "reading" your email.
Google doesn't need any defending. It's a huge company, more than capable and maybe even willing to do harm. But Microsoft is hardly the one in a position to point fingers.
Especially when its own privacy policies, the tens of them, give the company the same rights that Google has.
There are plenty of organizations and people out there ready to call out Google on any mishap and they've done it in the past. There's no need for Microsoft to do it, especially when the sole motive is to advertise its own products. Maybe it's best to leave the products to speak for themselves and do the fighting and dial back a bit on the PR rhetoric. Users will benefit.


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How Nvidia GPUs are purchased using bots to bulk-buy a product, and then put them up for sale on eBay or Amazon for an inflated price which rips off buyer’s eyes out!
A brief information from the last AMD event about the launch of the new AMD Radeon RX 6800, RX 6800XT and RX 6900XT and their performance comparison with respect to Nvidia’s new Ampere tech 3000 series RTX cards
All the information related to the new Nvidia’s RTX 30 series GPU alongwith the RTX 3060 leaks and rumours.
Sony has again confirmed to launch its next-gen of PlayStation which is going to be PS5. Click to read more about the new features, specs, price detail and a lot more.
Best budget gaming/editing PC under Rs.25,000 that one can purchase.Easy to play all triple-A(AAA) title games easily with 45-55 FPS even more in e-sports gaming.


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Buyers still confused over new GST math
With the new fiscal year kicking off, home buyers are a confused lot, with many having a tough time with recently revised Goods and Services Tax (GST) calculations.
The GST Council, in its 34th meeting, had finalized the modalities for the transition to new tax rates on residential flats, providing a flexible option for builders to choose from. According to the new scheme, developers have the option to apply for either the new GST rates — 1 percent for affordable under-construction houses and 5 percent on other houses — or old rates on ongoing projects where construction and actual bookings both began before April 1, 2019.
Real estate firms have time until May 10 to communicate to their respective jurisdictional officers whether they want to continue with the old GST rates with an input tax credit, failing which they will be deemed to have migrated to new tax slabs. Most developers have already expressed their intent to go with the old rates.
“For projects which were launched before April 2019, developers would prefer to stick to the old GST rates. It may not be possible to work on financial matters if the new GST rate is applied on older projects,” Harvinder Sikka, MD, Sikka Group pointed out.
Meanwhile, homebuyers are finding the flexibility offered more in the developers’ interest than theirs.
“It is not clear how much it is going to affect us. The new rates seem lucrative, but we are in the dark as to how much it is going to benefit us if we stick to the new GST rates. I believe that the GST Council should have left the platform open for the buyer to decide which GST rates they want even in the projects launched before April 1, 2019. Right now, the buyer has no choice but to go with whatever the developer decides,” Piyush Ranjan, a homebuyer from Noida said.
Experts had already warned of the potential for confusion.“Customers prefer reduced rates whereas developers might prefer higher rates with an input tax credit. We can expect many more disputes and cases in the anti-profiteering authority in the coming days,” Ankur Dhawan, Chief Investment Officer, PropTiger had predicted post GST ruling.
XaTTaX: Cloud and On-Premises Based GST Filing Software For India
Source: The New Indian Express
One thought on “Buyers still confused over new GST math”


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Early stage India-focused venture capital fund Ncubate Capital Partners has picked up a significant minority stake in Pune-based Nevis Networks Pvt Ltd, a network security provider.
Although the financials of the deal were not available, Nevis will utilise the funds for product development and operations expansion across the globe.
“Ncubate is looking at companies with strong management teams at early stages of growth and Nevis has the opportunity to build a global company providing state-of-the-art security solutions,” said Rakesh Malhotra, founder and managing partner, Ncubate.
This is the first transaction of Ncubate, which has over $ 40 million under management. The fund, founded by Rakesh Malhotra, also the founder and chairman of Luminous Power Technologies, focuses on branded consumer products and services, mobile VAS and digital media and logistics and supply chain sectors, among others.
“The funding will help Nevis in product development, expanding its presence in existing markets and in entering newer markets. Nevis already has a well established presence in the network security market in India with its NAC product,” Radha Shelat, CEO of Nevis, said in a statement.
Nevis Networks was founded in 2002 by late Ajit Shelat and is headquartered in Pune, where its research and development centre is located. The company designs, develops and markets security switching and appliance solutions and has customers in many countries including India, USA, Canada, UK and China in education, BFSI, IT/ITES, defence, govt-PSU and energy verticals.
Prior to the latest funding, Nevis had raised over $32 million in three rounds of funding from venture capital firms New Enterprise Associates, BlueRun Ventures (formerly Nokia Venture Partners) and New Path Ventures LLC. It raised $10 million in a Series A round in April 2003 from New Path Ventures, which was followed by a $10 million second round of funding led by BlueRun Ventures in May 2004. In July, 2005, it raised $12.5 million in a follow-on round of Series B financing from new investor New Enterprise Associates (NEA) and existing investors BlueRun Ventures and New Path Ventures, taking the total amount raised to $32.5 million.
(Edited by Prem Udayabhanu)


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China is aiming to upgrade its domestic retail system by further developing its digital currency. Gradual steps will expand its use via trials, according to the country’s monetary authorities and experts.
The development of the digital yuan initially targets China’s vast retail market of 1.4 billion people, said Zhou Xiaochuan, former governor of the People’s Bank of China, the country’s central bank.
“We hope to offer the public a more convenient and effective payment method via technological progress,” Zhou told a sub-forum of the ongoing Boao Forum for Asia annual conference. Zhou is also Vice Chairman of the forum.
China began piloting its digital currency in selected regions across the country at the end of 2019. The currency is expected to be issued by the country’s central bank and legally backed by the government as an alternative to paper money. During the pilot programmes in cities including Beijing, Shenzhen and Suzhou, businesses such as groceries, daily necessities and catering supported payments through digital yuan.
The trials have so far been very successful, according to Li Bo, Deputy Governor of the central bank. Li particularly noted that controllable anonymity, an ideal feature of the digital yuan, has been realised to both help protect user privacy and stamp out financial crimes. China will steadily advance the research and development of digital currencies and actively participate in the formulation of international rules and technical standards.
These rules apply to data security, digital currencies and data tax, according to the outline of the country’s 14th five-year plan for national economic and social development and the long-range objectives through the year 2035.
“There is no detailed timetable on the progress of the digital yuan,” said Li. He added that there are still things to be done before the nationwide rollout of the digital currency, including increasing the number of trials and expanding its scope.
This article originally appeared on the China Economic Net.


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A new study has examined the affordability of unlimited “ultrafast broadband” (100Mbps) broadband packages from 233 of the markets biggest “fibre” ISPs across 62 countries. Overall the UK ranks a lowly 36th with consumers paying a monthly average of €39.78 for such plans, while in the Ukraine (cheapest) they pay just €5.60.
The study itself was conducted by discount firm Picodi but it’s very important to take their results with a pinch of salt, not least because the average package prices between ISPs and counties do not appear to have been weighted in the study to reflect the often huge differences in Purchasing Power Parity (PPP) between countries.
The application of PPP is vitally important because there can be huge differences between countries in terms of things like taxation, infrastructure standards, size of the state and salaries. For example, in the UK the average monthly salary is around £2,300 but in the Ukraine it’s just £340. So you might well pay significantly less for a 100Mbps service in the Ukraine but that’s not a fair apples-to-apples comparison.
As such a closer comparison for the UK might be France or Germany. Unfortunately France, as well as a handful of other countries, were ruled out of the table below because the lowest plan they have available is said to be 200Mbps. Meanwhile Germany is more expensive than the UK and charges €42.44 per month for the same sort of service. The full results table can be found below.
Despite this the UK is clearly more expensive than some close competitor countries, such as Spain, Portugal, Austria, Sweden and so forth. Many of those have a much larger coverage of Gigabit-capable “full fibre” broadband networks than we do, which is important as this tends to drive down the cost per Megabit of connectivity.
NOTE: The current exchange rate is £1 = €1.19.
The study then attempted to present the data in a different way: what internet speed can you afford for the equivalent of €20 (around £16) per month? Out of 62 countries included in the report, 20 could not be ranked (Australia, Brazil, Germany, Switzerland, Chile, Italy, Portugal, USA and RSA) as the unlimited fibre services for residents from major providers tended to cost more than €20.
In this table it’s noted that consumers in the UK could expect to receive around 36Mbps (roughly equivalent to an entry-level FTTC service), which will of course be based on advertised rather than real-world rates. By comparison it was possible to take 1Gbps or faster packages for this in Poland, Romania, Moldova, India, Hungary, Latvia and Ukraine. Once again though, this is of little use unless you factor in PPP.


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A three-year delay in the introduction of tariffs on new electric cars is reportedly expected to be recommended by the European Commission.
The European Union (EU)’s executive body will advise the bloc’s members to postpone implementing post-Brexit rules of origin requirements, according to business news agency Bloomberg.
The new trade rules – scheduled to come into force from January 1 – will see tariffs of 10% imposed on cars imported between the UK and the EU if at least 45% of their value does not originate in the UK or EU.
Manufacturers of electric cars were expected to struggle to meet that threshold as battery production in Europe has not increased as quickly as hoped.
There have been growing calls from car makers and the UK Government for the rules to be postponed.
The Society of Motor Manufacturers and Traders has estimated that tariffs could result in an average price rise of £3,400 on EU-manufactured pure battery electric vehicles bought in the UK.
Around half of these types of cars bought by UK buyers are from the EU.
EU member states will need to agree with the European Commission’s recommendation if the rules are to be delayed.


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Since Valve’s online storefront launched, Australian gamers have had to buy games on Steam with US dollar prices. This has led to every purchase being accompanied by the annoying mental arithmetic or trip to a currency converter app to figure out how much things will cost in the local currency. After 15 years, Australian gamers will finally have the ability to view games on the Steam storefront with prices in Australian dollars. Now everyone will exactly how much they’re paying for their games.
Developers placing their games on the storefront have already had the ability to enter region-specific pricing in the local currency. However the final price tag always gets converted back into US dollars. The announcement was made at this year’s Game Connect Asia Pacific conference for developers during Melbourne International Games Week. Starting from mid-November 2018, support for selling games on Steam in Australian dollars will be fully supported. Furthermore, it won’t impact the ability for developers to discount their games.
We don’t know exactly how many Australians use the Steam storefront. However, it was revealed there was about 2.2 million Australian Steam accounts active as of 2016. This figure came up when Valve was sued by the ACCC for its breach of the Australian Consumer Law. Now, at least Valve is giving this segment of its user base the ability to view prices in the currency that they are familiar with.
To compare, many rival online PC gaming distributors, such as GoG Galaxy and EA’s Origin platform, have offered prices in Australian dollars since their beginnings. This move represents Valve catching up to the competition in catering to local audiences. Sure, it isn’t a very big step, but it’s still an effort.
Showing the actual price that Aussie gamers are paying, rather than the price that American gamers are paying that is altered after converting to the local currency. It makes the process of using Steam a lot less complicated, which is better for everyone.


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Issue Date: February 6, 2017
GM and Honda pair up for fuel cells
General Motors and Honda have formed a joint venture to produce hydrogen fuel cells to power future vehicles from both firms. The fuel cells will be produced in Brownstown, Mich., where GM makes battery packs. The two will spend $85 million on the venture, which is expected to open around 2020 and create 100 new jobs. GM and Honda have been working together since 2013 to make fuel cells more affordable. Honda started selling its first fuel-cell car, the Clarity, to U.S. customers in December.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society


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During the Embracer Group’s Q1 financial report, it has been revealed that THQ Nordic’s Biomutant has recouped all developmental costs within its first week on sale, and has so far sold more than 1 million copies.
During the report, it was also revealed that Biomutant’s first week on sale was so successful that it not only recouped its developmental costs but also its marketing costs as well as the money Embracer Group has spent in acquiring the Biomutant IP and its developer Experiment 101.
Biomutant was announced all the way back in 2017 and was released just 3 months ago on the 25th of May. Already racking up massive gains for Emracer Group, which could be a great indication for those who itching to get a sequel someday.
Biomutant is an RPG open-world game that takes place in a post-apocalyptic fable world, where a plague is ruining the land and the tree-of-life is bleeding death from its roots. Tribes are divided and lacking proper leadership, and it all falls onto the player to make the hard choices to get through this survival story ends.
If you are unfamiliar with Biomutant, here’s how THQ Nordic describes the gameplay. “Biomutant’s ever-evolving hero has been called a raccoon, a red panda, and even a cat, but what remains most important is its unique, martial-arts-style combat system that mixes melee, shooting, and mutant abilities. Players can look forward to unleashing these powers against surprise attacks from some of the most outlandish enemies ever confronted. Biomutant’s lush and vibrant gamescape, spanning everything from snowy tundras to rocky deserts, serves as the backdrop to an epic fable of one creature’s journey to save his broken world.”
Biomutant is now available worldwide on the PlayStation 4 and Xbox One, PlayStation 5 and Xbox Series X/S via backward compatibility, as well as PC.


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Online retailers don't plan to sit and wait until online price comparison websites take away their margins, shows a research study by Michael Baye, a professor of economics at Indiana University's Kelley School of Business.
His findings wouldn't have been noteworthy at all if it weren't for the doomsday predictions from the days of the internet hype. The internet was predicted to take away all friction points that enable local monopolies to exist, among them time, physical distance and limited access to information.
Price comparison sites would take care of webshops. By making prices transparent worldwide, comparison services would force retailers to drop their prices until all profit margins were squeezed out of retailing. Amazon.com would rule the world. And pigs would fly.
But the webshops weren't going to sit and wait for their inevitable demise. They battle the newfound transparency by constantly changing their prices – not just lowering them but also raising. By the time the comparison sites have updated their databases, the shop already has changed its prices.
Battling transparency is a matter of staying one step ahead of the not just competition, but the comparison sites too.
US space agency believes the crater could have preserved ancient organic molecules from the water that flowed there billions of years ago
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Scientists create a virtual reality simulation of a black hole sitting at the centre of the Milky Way
Simulations like this can help people understand complicated systems in the universe in a better way
The most luminous galaxy ever discovered is cannibalising at least three of its smaller neighbours, study finds
The galaxy radiates at 350 trillion times the luminosity of the Sun