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Deliveroo is set to wield the axe by cutting 367 of its employees as it struggles with demand during the coronavirus lockdown.
Fifty Deliveroo employees have also been furloughed as part of the decision, which was shared with employees on Tuesday morning.
The online delivery business has grown to employ more than 2,500 employees since it was started in 2013.
The planned redundancies, which affect employees in several countries, come just over a week after the UK's competition watchdog provisionally approved a $575m (£462m) investment in the business by Amazon.
Regulators had been formally investigating the tie-up over concerns it would damage competition.
A source close to the company said the investment doesn’t dispel concerns about a future recession affecting food delivery demand.
Coronavirus has made it difficult for food delivery businesses such as Deliveroo to predict demand.
The company warned the Competition and Markets Authority (CMA) that a continued freeze on Amazon's investment in the business could trigger its collapse because of a cash squeeze and lack of access to funding.
The watchdog said earlier this month: “Deliveroo recently informed the CMA that the impact of the coronavirus pandemic on its business meant that it would fail financially and exit the market without the Amazon investment.”
Last year Deliveroo was forced to pull out of a market for the first time when it closed its service in Germany and laid off 100 employees. The country's highly competitive food delivery market had led to high operating costs for Deliveroo, which at the time faced uncertainty over whether the Amazon deal would be approved.
A Deliveroo spokesman said: “The extraordinary global health crisis we are living through has impacted nearly all businesses. As a result, like so many others, Deliveroo has had to examine how to overcome the challenges we all face, as well as ensure we are in the strongest position possible following the crisis.
“This requires us to look at how we operate in order to reduce long-term costs, which sadly means some roles are at risk of redundancy and others will be put on furlough. This has been extremely difficult for everyone at the company, and our absolute priority is to make sure those who are impacted are fully supported.”


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Four Steps to Recover From Credit Card Fraud
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No one wants to find a credit card missing from his or her wallet or discover an odd charge on a monthly billing statement. But credit card loss, theft and fraud happen. Take heart: It's probably not the financial disaster you're imagining it could be.
More than 11.6 million Americans were victims of some kind of identity fraud in 2011, according to Javelin Strategy & Research. Of those, 9.64 million experienced fraud where someone used their credit card or credit card number illegally.
Fortunately, that's a much milder invasion into someone's personal finances and an easier problem to solve compared with true identity fraud.
"The good news is that it's not as ominous as you think," says John Ulzheimer, president of consumer education at SmartCredit.com. "Really, inconvenience is the most significant part of credit card fraud as long as it doesn't bleed over to true-name fraud."
Still, no one likes an inconvenience. Here, Bankrate.com outlines four steps to recognizing and recovering from credit card fraud.
Spotting Credit Card Fraud
You have to know someone is using your credit card before you can halt fraudulent transactions. That discovery can happen in different ways. Perhaps you notice your card is missing from your wallet, and you see a funny charge on your statement. Or you still have your card, but suspicious transactions start showing up on your credit card bill.
"Or you might get a call from your lender before you're aware of the fact that it's happened," says Rod Griffin, director of public education at Experian. "Credit card companies are very good at recognizing patterns indicating that fraud may have happened."
Some banks will send automatic alerts to your cellphone via text or email if they notice a peculiar purchase, and you may be able to customize some transaction alerts as well. It's always a good idea to review your credit card transactions online regularly to catch suspicious activity.
Reporting Credit Card Fraud
If the credit card issuer is the one that informs you about possible fraud, there's obviously no reason to contact your issuer. However, if you suspect fraud or have some evidence of it, you'll need to report it.
Most likely, your card issuer will have you verify the last few transactions to figure out when the fraud started, says John Ulzheimer, president of consumer education at SmartCredit.com. Then the bank will shut down the card and give you another card with a new number on it.
Sometimes, your issuer will give you a new credit card but keep the credit card account open. In other instances, the bank will close the old account, open a new credit card account and reissue the card, says Sarah Davies, senior vice president of analytics and product management at VantageScore Solutions.
If the bank closes the old account and opens a new one, make sure the bank links the payment history from the old account to the new account on your credit report, Davies says. "It's important to retain the age of your accounts for credit scoring."
Alert the Credit Bureaus
It's smart to contact the three major credit-reporting bureaus -- Equifax, Experian and TransUnion -- after you discover credit card fraud.
The agencies can put a fraud alert on your credit file, which signals to lenders that you may have been a victim of fraud, according to the Equifax website.
That way, a lender will know to take extra steps to verify your request for new credit, extension of credit on an existing account or an additional credit card.
You can place a fraud alert on your credit report for 90 days or seven years. And it's free in both cases. For an extended fraud alert, you will need to submit an identity theft report from the police.
A stronger, but more inconvenient, precaution is placing a credit freeze on your file if you're worried that credit card fraud could turn into outright identity fraud, which is much more severe to your personal finances.
A credit freeze keeps new creditors from pulling your credit report or score, or reporting information about you to the credit bureaus. Only lenders that have an existing relationship with you can get your report and report new information to the bureaus. Placing a freeze is usually free for identity theft victims, but nonvictims typically have to pay. Fees vary by state.
Keep an Eye Out After Setting a Fraud Alert
If you place a fraud alert on your credit report, you will be entitled to a free peek at your report. Take that opportunity, says Rod Griffin, director of public education at Experian. Doing so does not count as one of the free annual credit reports you're entitled to under federal law.
"Credit card fraud can be a sign that other types of fraud (are) happening as well," he says. "If they have been able to get your account number, it's possible they could have gotten other information."
Make sure all the accounts listed on your credit report belong to you and are accurate. Double-check your personal information as well. If anything looks amiss, call the credit-reporting agency immediately.
As for the fraudulent charges, you won't be on the hook for most, if any, of the charges.
Your liability for unauthorized charges on a credit card is limited to just $50 under federal law. In addition, the major credit card brands -- Visa, MasterCard, American Express and Discover -- have zero liability for cardholders, though some restrictions may apply.

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VANCOUVER (NEWS 1130) — A Kamloops doctor says the Canadian Medical Association Journal published an article spreading the kind of misinformation often perpetuated by the Trump administration.
You may have heard this before: cannabis edibles could be contaminated with potentially dangerous or deadly narcotics. That’s the specific claim made by two University of Toronto researchers that Dr. Ian Mitchell just isn’t standing for.
“Dear @CMAJ, there has NEVER been a confirmed case of #cannabis contaminated with narcotics,” he says on Twitter.
Dear @CMAJ , there has NEVER been a confirmed case of #cannabis contaminated with narcotics. This is a complete myth that is typically spread by Trump officials. https://t.co/vuvV8dyveR pic.twitter.com/Lv7fyDUbYF
— Ian Mitchell (@travels2little) January 6, 2020
“This is a complete myth that is typically spread by Trump officials,” says the emergency room physician, who has more than a decade of experience.
Mitchell says there’s never been a confirmed case of narcotic contamination in cannabis products, despite warnings in a recently published article.
“We haven’t been able to study it. The research into any benefits of cannabis has been forbidden for the last four decades. Ninety per cent of all the cannabis research that has been done has been focused on harms, so we have a very distorted view of cannabis,” he explains, adding regulations since legalization has made it more difficult for Canadian doctors to research cannabis.
As for narcotic contamination, Mitchell says it’s physically impossible to ingest drugs like fentanyl by smoking a joint.
“There’s been no reports ever confirming this. There’s been a lot of samples that have been sent to the government and they’ve been tested, but none of them have ever shown up to be positive for any narcotics. That’s something that’s never happened,” he says.
Mitchell says the article is “fear-mongering” and argues spreading inaccurate information makes it less likely kids and teens will take legitimate warnings about drugs seriously.
Pesticides and botulism concerns
The authors, Jasleen K. Grewal and Lawrence C. Loh, are researchers at the University of Toronto in the department of Family and Community Medicine.
They write, “Risks of such products include spread of foodborne illness, overdose owing to variable THC content of products, poisoning from pesticide residues, and potential for unexpected effects given that illicit products may be contaminated with other drugs, such as narcotics.”
The citation attached to that paragraph leads the reader to a Denver Colorado Public Health Inspection memo, which outlines the risks of botulism but does not mention narcotics contamination.
The study also calls on the government to “amended regulations concerning edibles limit dosing, prohibit formulations with other psychoactive substances, and require safety measures with regard to packaging and production.”
Cannabis edibles are already limited to doses of 10 milligrams or less per packaging, which some users say is actually too low.
Vancouver-based pot activist Dana Larsen, who is also an early retailer in the grey market, has also taken aim at the journal previously — and again this week.
“Doctor warns that cannabis edibles can be addictive!” Larsen writes on Twitter. “I’m not even sure cannabis edibles are habit forming.”
Doctor warns that cannabis edibles can be addictive!
I'm not even sure cannabis edibles are habit forming. pic.twitter.com/undHUy2ycx
— Dana Larsen (@DanaLarsen) January 7, 2020
Larsen previously called out the journal for an article that says the media is making it seem that pot is safer than opioids. More than 2,400 people have died from illicit drug overdoses in B.C. in the last two years.
While cannabis edibles have been legal in Canada for weeks, demand has left store shelves empty.


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A mum was going mad with frustration after waiting 12 weeks for a #50 refund from a Teesside mobile phone shop.
Mary Docherty, 42, was bought a mobile phone by her daughter Claire, 23, from Phones 4 U in the Hillstreet Shopping Centre, Middlesbrough, three months ago.
During the transaction the family were over-charged #50 as the Samsung phone should have been free with a T-Mobile contract.
Mary said: "It was six o'clock, near to closing time, so the manager said we should come back the next day for the refund.
"We have been back every week since and have not got anywhere.
"They are coming out with excuse after excuse - that their manager's on holiday, that they have to get in touch with head office.
"Now we think they are fobbing us off."
In the last visit Mary and her family, from Cawood Drive, Acklam, said they were told to leave the shop by the manager.
After the Gazette contacted Phones 4 U a cheque for #50 was sent to the Docherty family.
The letter that accompanied the cheque said the #50 was "a gesture of goodwill".
A Phones 4 U spokeswoman failed to return the Gazette's telephone calls.


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NEW YORK (TheStreet) -- Apple's (AAPL) - Get Free Report quarterly miss surprised a lot of observers on Tuesday. It is just not what investors have come to expect. In fact, it was the first miss in 26 quarters.
The stock sold off sharply to close the after-hours session at $394.
It seems to be that the main explanation for the miss was due to the fact that the iPhone sales came in at "only" 17 million, rather than the over 20 million that some were expecting.
The iPad numbers and Mac numbers were all good and the gross margins remained above 40% which is impressive.
It is entirely possible that some consumers decided to wait, when they anticipated a new iPhone to be announced in early October. The new 4S has been a fantastic seller in the first week, so many are saying the 3 million shortfall has been made up with the 4S's great opening weekend. I'm not sure I buy that kind of analysis.
The bottom line is that these quarterly numbers for different products can jump around. Remember the low iPad number a couple of quarters ago that made many Apple bears proclaim that there were problems with its staying power? Six months later, that kind of snapshot analysis seems silly. We will just have to see how iPhone continues to sell in the months ahead.
Some other notable data points coming out of the call:
This really could be the beginning of the end for the iPod. The numbers were down 24%. As late as the 4S launch, Tim Cook was discussing how the iPod was a great starter iOS device for many new consumers. Almost half of iPod buyers were buying their first iOS device. That is important. However, we are going to see more and more opt for their first iPod to be an iPhone.
Tim Cook pointed out that China is now Apple's second biggest market after the U.S. That is remarkable. It's grown more than four times compared to the year-ago period. China accounted for 16% of Apple's sales in the quarter -- or $4.5 billion. That's a quarterly number -- not an annualized "headline milestone" like Google likes to trumpet. For example, Google was proud on their call last week that mobile search was doing $2.5 billion annualized. This means that Apple's China sales are now over seven times as big as Google's mobile sales. And Apple has only 5 stores in China.
Apple now has over $81 billion in cash and two-thirds of this is outside the U.S. Cook said he's "not religious" about what to do with this cash in the future. I am not one who thinks paying a one-time or even a regular dividend would be greatly rewarded by shareholders over time. However, many pundits are speculating Cook's words signal some imminent shift. I doubt anything in the near-term. I will be more interested to hear what he thinks about M&A as a use of cash and what kinds of companies he'll go after.
Bottom line, things are still rolling at Apple. Fourth quarter will see some big positives:
The always-strong holiday quarter
Almost a full quarter with 4S
Good suppy/demand balance for iPad
A new Hong Kong store for the full quarter
iCloud selling for 2 months of the quarter - for extra storage
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At the time of publication, Eric Jackson was long AAPL.
Eric Jackson is founder and Managing Member of Ironfire Capital and the general partner and investment manager of Ironfire Capital US Fund LP and Ironfire Capital International Fund, Ltd. In January 2007, Jackson started the world's first Internet-based campaign to increase shareholder value at Yahoo!, leading to a change in CEOs in 2007. He also spoke out in favor of Yahoo!'s accepting Microsoft's buyout offer in 2008. Global Proxy Watch named Jackson as one of its 10 "Stars" who positively influenced international corporate governance and shareowner value in 2007.
Prior to founding Ironfire Capital, Jackson was President and CEO of Jackson Leadership Systems, Inc., a leadership, strategy, and governance consulting firm. He completed his Ph.D. in the Management Department at the Columbia University Graduate School of Business in New York, with a specialization in Strategic Management and Corporate Governance, and holds a B.A. from McGill University.
He was previously Vice President of Strategy and Business Development at VoiceGenie Technologies, a software firm now owned by Alcatel-Lucent. In 2004, Jackson founded the Young Patrons' Circle at the Royal Ontario Museum in Toronto, which is now the second-largest social and philanthropic group of its kind in North America, raising $500,000 annually for the museum. You can follow Jackson on Twitter at www.twitter.com/ericjackson or @ericjackson.
You can contact Eric by emailing him at email@example.com.


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ANZ has become the latest of the big banks to raise its variable interest rates since the US Federal Reserve raised its rates last week. The..
Two hundred ANZ employees will be saying farewell to their positions at the bank due to poor economic conditions. The Australian & New Zealand Banking..
ANZ has become the first bank to support Apple Pay meaning those with an ANZ Visa card can make payments using their iPhone. Users will be..


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When all that’s worth watching on a network is one show, or all that’s worth watching in a show is one scene, or all that’s worth watching in a scene is one line, just take us straight to the good stuff, right? But Mark Cuban, in an apocalyptic blog post, says online video will be destroyed by its ability to cater to these a la carte watching habits, because the economics don’t support them. He seems to thinks this will lead to the eradication of quality content.
Five years into the video-over-the-Internet revolution, we have learned two things. First; consumers won’t pay for content on the web, so it will have to be ad supported. And second; it won’t be ad supported.
Moffett’s math: Even if web video got the same CPMs as TV, because online viewers will tolerate less advertising, “a 30-minute program on the web with two minutes of advertising yields approximately 1/8th as much revenue per viewer.”
Though a la carte is what consumers want and deserve (why watch the crap if you don’t have to?), Moffett and Cuban are worried about the implications of legacy models dying out. Quoting Moffett again,
“On the web, watching SportsCenter not only robs ESPN of its ability to pull through carriage fees for ESPN Classic and ESPN U (and SoapNet and Toon Disney), it also, and much more importantly, robs ESPN of its ability to use SportsCenter to support the economics of the rest of the 24-hour ESPN schedule.”
Sure, the legacy model promises a diamond will emerge from the rough once in a while, but c’mon, all change is not necessarily bad. Cuban (who clearly has a vested interest in traditional television channels and high-quality content, seeing as he owns HDNet) turns this in an interesting direction, saying web video will be forced to play into the search engine optimization game that rules web content these days.
The economics of supporting content will force independently produced Internet content to be dumbed down to levels that create a perfect match for Youtube. There will be SEOs that come up with arbitrage solutions that will drive traffic to parked videos. Content creators will partner with SEOs and create budgets that reflect the CPMs they can earn in and around the video hosted on YouTube against the costs of the SEO driving traffic to the video. SEO support will be the only even marginally effective way to create baseline traffic to a video/show.
There’s something in his logic; we hear every day from content creators complaining that promotion is the only way for them to get noticed. But then again, you don’t hear winners whining. A web series like Zero Punctuation — “video game reviews [by an] obscure, foul-mouthed Brit,” as James described them in our review — shot out of the gate to millions of views per episode with minimal promotion. Yes, it does cater to web nerds, but most importantly it’s good.
Also, as a separate counterpoint, SEO may rule web content these days, but there’s still a lot of really good stuff on the web.
What do you think? Are lowered online video budgets a recipe for disaster?


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Firefox OS to host developers' conference in India
According to our tipster, there will be a number of Firefox OS powered phones to try the apps out on, including some from local manufacturers that are in the midst of being developed. We reported earlier this month about an Indian company called Lava that is working on a $50 smartphone with Firefox OS installed.
Alas, we don't have any information about the date or time that this event will take place, but once we do find out, we will pass it along to you. Once again, this proves that while the way to a man's heart is through his stomach, the way to entice a smartphone buyer to select a platform is through the app marketplace that it offers.
Thanks Anonymous Tipster!


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The German fashion house has become synonymous with McLaren since first sponsoring the team in 1981. Their logos have appeared on the title-winning cars of F1 legends Alain Prost, Ayrton Senna and Mika Hakkinen, and more recently Lewis Hamilton's victorious 2008 machine.
However the deal will end following the conclusion of the 2014 campaign.
"Hugo Boss has recently decided to co-operate with Mercedes-Benz on a number of international marketing projects unrelated to F1," said a McLaren spokesman.
"That being the case, it would be inappropriate for Hugo Boss to continue in partnership with an F1 competitor to Mercedes-Benz, however successful that partnership has been in the past and remains now."
The Brackley squad have already lured star driver Hamilton and technical chief Paddy Lowe away from McLaren, who will end their 20-year engine deal with the German marque at the end of 2014. The Woking-based team will switch to Honda power next year are expected to unveil a new title sponsor and corporate identity to distinguish themselves from the Silver Arrows.


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30 Years Ago, Here's What People Really Thought of Mobile Technology
Nearly 30 years ago, the New York Times took a skeptical look at the laptop, or the "executive computer," what was in 1985 an obscenely pricey work tool for the corporate class. "For the most part, the portable computer is a dream machine for the few," the article stated. "Somehow, the microcomputer industry has assumed that everyone would love to have a keyboard grafted on as an extension of their fingers. It just is not so."
Fast-forward from 1985 to 2015 and the opposite is true. The latest trend in tech is beyond a keyboard that's grafted to the fingers: It's an iPhone interface that never leaves the wrist. Of course, the Apple Watch is just a hint at how technology will modify the human experience, both physically and emotionally.
To log online is simply to exist.
Here's what else has changed: The Internet is no longer a place you go, a tool that you access. It's no longer a strange new world with its own unique vocabulary and customs. To log online is simply to exist. Web culture is now our culture. Our phones are portals to the world, and they never leave our sides. Over the next few years, we'll welcome a new generation of people accustomed to a heightened level of connectedness. It's exciting, and a little scary, to see where that access will lead.
Welcome to TechMic, a new section about culture, technology and the mobile Web. We'll examine the technology of tomorrow: the biohackers who are altering what it means to be human, the dark corners of buzz-worthy social apps, the innovators of the future, the unheard voices using social media to speak truth to power and the unexpected and bizarre ways in which young people are connecting.
Here, you'll read about Drake and his app tributes. You'll read about teenage bodybuilders exploring underground steroid markets, millennials who reject smartphones and young people coming together to explore urges they could never share with the outside world. You'll learn about tremendous strides in affordable biotechnology that can restore sight and increase mobility. And mostly, you'll read about people, not products. That's what the mobile Web is all about, after all — people finding one another, sharing their world and documenting every step.
Here's one example. For a dude who frequented a forum about illegal drugs, a redditor known as "sgebvb" was getting righteously angry about some idiot who was supposedly injecting steroids into his balls.
This poor sucker clearly hadn't read up on what he was shooting, what havoc testosterone can unleash when applied directly to the intimate regions of the body. "Did you just base your expectations on nothing but pure idiocy?" sgebvb demanded as the testicle drama escalated. "You literally have the largest pool of information ever known to mankind available at your fingertips."
This gem of an interaction, which took place in March on the Reddit forum /r/steroids over a post that turned out to be fake, represents what's so appealing and dangerous about the world we live in, where always-on mobile technology enables both connection and friction in unexpected places. (Writer Max Plenke profiled these bodybuilders in today's feature.)
Our tech can provide an escape from the mundane and from ourselves. It provides troves of knowledge, indulges our deepest obsessions and grants easy access to dangerous vices. We'll be telling stories about it.


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Photo via www.thankuobama.us
AP - Chance the Rapper is modeling a clothing line based on a fellow famous Chicagoan, former President Barack Obama.
Chance tweeted out photos of himself Thursday wearing Obama-themed clothing made by Joe Fresh Goods' "Thank You Obama" line. Some of the items include a T-shirt imprinted with name of Obama's daughter, Malia, and a basketball jersey with the number 44, in honor of the 44th president.
Chance has been a strong supporter of Obama. He has attended parties at the White House and appeared with Obama at last year's National Christmas Tree lighting. He also appeared on the campaign trail last year to urge voters to back Democrat Hillary Clinton for president.


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December 22, 2017 | By Sikh Siyasat Bureau
Chandigarh: In a rare confession the tech giant Apple on Thursday reportedly issued a statement in which it has evidently admitted that it does slows down the performance of older phones, Thus confirming the long held suspicion by the iphone users.
Tech analysts and angry customers have reported in recent days that operating system updates had caused older iPhones to slow considerably, with some suggesting that Apple could be using the tactic to encourage fans to buy new phones.
On Monday, the blog Primate Labs, a company that makes an app for measuring the speed of an iPhone’s processor, published data that appeared to show slower performance in the Apple’s iPhone 6s and iPhone 7 models as they aged.
Apple on Wednesday acknowledged rather claimed that the company does take some measures to reduce power demands—which can have the effect of slowing the processor—when a phone’s battery is having trouble supplying the peak current that the processor demands.
The problem stems from the fact that all lithium-ion batteries, not just those found in Apple products, degrade and have problems supplying the big bursts as they age and accumulate charging cycles, reads a quote from the statement issued by Apple published in Hindustan Times (HT).
Furthermore, the company claimed that its software updates for the iPhone 6, iPhone 6S, iPhone SE and iPhone 7 are designed to “smooth out” peak power demands, prevent these surprise shutdowns and ultimately prolong the lifespan of batteries.
“Smoothing out” means that phones will reorder incoming commands to make sure not all of them are done in parallel, Doron Myersdorf, CEO instant-charging battery startup StoreDot reportedly said.
“The inevitable outcome of it will be an inherent slowdown of the average response times by the system,” he adds while talking to the CNN.
The problem can be remedied by replacing the phone’s battery. Apple charges $79 to replace batteries not covered under the phone’s warranty. The company has long faced criticism from repair advocates for making its batteries difficult for users to replace on their own.
The revelation sparked an outcry among Apple fans, with some suggesting they may switch to rival Samsung.
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Futureproof Your Business with Shipping and Automated Packing at Modex 2018
Posted on Mar 16, 2018 By kbormann
ProShip to highlight automated packing and multi-carrier shipping in April at Modex
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Hear about ProShip’s cross-border speaking session, reducing labor costs, streamlining shipping and more
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Top five companies to meet with at RILA’s show in February
ProShip Sponsoring 2018 RILA Retail Supply Chain Conference
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ProShip will be highlighting multi-carrier shipping software and automated packing solution at RILA 2018
Rapid Rise in E-Commerce Leads to High Demand for Scalable Technology
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Retailers, manufacturers and distributors are on the hunt to find and deploy scalable and flexible technology to keep up with demand.
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Modern Materials Handling Interviews Steve Brandt, Director of Automated Packing Solutions
January 16, 2020
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December 11, 2019


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New Zealand Art Market: The Next Japan
- by Team
New Zealand’s art scene has been on an upward trend for the last several years, leading many to believe that the country’s art market is on the rise. It has even been described as the “next Japan.
“New Zealand’s Art Market is, in a word, massive,” Govett-Brewer Gallery Director, and New Zealand-based art critic, David Leishman told CoinDesk.
“The market is just as big a place as it’s ever been from a quality design aspect, to the size of the galleries, to the scale of the exhibition, and a wide range of galleries, and people that want to spend time in New Zealand who want to come through and see the art, and the artists.
Leishman said: “It’s not an official art show for legal purposes, it’s the New Zealand Art Market.
After the lockdown in Covid-19 Art Sales in New Zealand
After the Coronavirus (COVID-19) lockdown in New Zealand, art has returned to the nation’s galleries and collectors’ collections.
In March, the National Gallery in Wellington sold a record number of works to collectors, surpassing previous record sales by four times. In the same month, New Zealand’s largest art auction house and auctioning firm, Tawhai Art Auction, reported an exceptional sales record for a first quarter of 2020 selling 1,600 works.
From October 7 to 30, 2020, the National Gallery in Wellington sold a total of 2,084 works, representing an average of 30. 7 works per gallery per day. With an average selling price of New Zealand dollars (NZD) $852, this represented an average of 19. 75% of the total price.
This represented an average of 4. 4% of the total selling price for the entire month.
In Auckland, the Tawhai auction house and auctioning firm sold a total of 32 works, representing an average of 2. 5 works per gallery per day.
With an average selling price of approximately NZD $1,000 per work sold, this represented an average of 0. 6% of the total selling price for the entire month.
The record sales of art in New Zealand during the COVID-19 lockdown were in the art world’s most important collector’s collections, which includes artworks from over 20 international museums.
The New Zealand market has proven itself to be very competitive to export art works to. In October, British auction house Christie’s sold a record number of works to collectors in New Zealand and Australia.
While the New Zealand market may be the most diverse in the world, its most significant collectors are internationally recognized. From Paris and Tokyo to London and Hong Kong, the art world in New Zealand is known for its international art appreciation and for its international art market.
New Zealand has been among the countries that have the highest percentage of art museum visitors.
Populating the Art Market.
The world’s biggest art market is growing. | Art Collectors.
Artists will do anything to sell their work. “To make money, artists will do anything,” as Paul de Manreaux said. What artists can’t do, of course, is get paid. The art market is dominated by commissions, which are contracts to sell the work of others or to recoup the fees paid for the work. And as of early 2016, artists have been offering to sell their work for as little as a dollar apiece — a practice that has turned most artists into rich bastards. “For small artists to make a living, it’s all about the commissions,” as John Fiske, the art trade analyst, put it.
The artists selling their art get to do it. The market value of collectors’ art is a function of both the market demand for works and the supply of that art at auction. The more popular a piece is, the more people are clamoring for it, and the more they are willing to pay. The more popular a piece is, the more people are clamoring for it, and the more they are willing to pay. The larger the market means the more potential for a profit.
The art market was once a relatively well-supplied and stable place, with a good supply of good works and an even better supply of buyers. There was a lot of demand for art, but it was still a relatively limited market. That changed, however, with the rise of the internet, and with the emergence of the Internet art business.
The Internet art trade began in the mid-1990s when the internet became more popular than ever. The art market grew, and with it grew the online trade. Artists started selling their works for a fraction of what they once had gotten by making it through the art trade. The internet, by increasing the potential buyers for works, expanded the market, which in turn led to an explosion in the art market. “The Internet has totally transformed the art market by creating a better deal for collectors,” says Alan Krichbaum, a dealer and collector with the auction house Artcurial, as reported in the New York Times.
Trevor Moffitt’s North Otago landscape.
Blockchain has now been in existence for the past few years and is a technological breakthrough to organize the economy of the world. Many individuals are starting to accept a blockchain platform to save on spending on expensive utilities, government fees, and in many cases a few cents to an hour. The cryptocurrency market (BTC) is now in a positive correction phase, and all the news flow is pointing toward a recovery. This is a positive sign for the price and one can expect a continuation of the trend of the market, as the cryptocurrency market is highly speculative and speculative events can have a substantial impact on the price.
Bitcoin price has reached its high of nearly USD$20,000, however it has been on a decline of more than 30% since its peak. This can be attributed to several reasons, such as, the crypto market being unregulated and unregulated events affecting the market. The market has a lot of speculative and ‘futurology’ related events, which have a strong effect on certain events.
The price for bitcoin has been on a downward trend over the past few months, which has caused a lot of negative reaction to the market. Now, the price of bitcoin has a chance to recover as the cryptocurrency market is expected to be bullish this month.
The price of Bitcoin is at a recent low of almost USD$12,000, and the entire cryptocurrency market has been on a decline between USD$15,000 and USD$18,000. The market has seen significant correction, and the fall can be attributed to the bearish sentiment around the market. The cryptocurrency market is being affected by the fact that investors do not have funds to play with, and it can be a hindrance to individuals from investing. This has impacted the entire market and caused negative reaction.
The price of Bitcoin is at its highest point so far, and there is a chance that the market correction will continue. Currently, the market correction has started at the price of BTC/USD and it shows how the market has been on a trend of declining.
Tips of the Day in Cryptocurrency
The cryptocurrency market is in upheaval. 2 trillion in market cap, bitcoin is second to only Apple and Tesla among top cryptocurrencies by market cap, with the latter accounting for the majority of the crypto market. After a few weeks of bearish sentiment, the sentiment is rapidly turning bullish.
Bitcoin is still more valuable than Ethereum at $10,000 according to coinmarketcap. com’s bitcoin price prediction. The price prediction is based on data from December 2018. However, the cryptocurrency market is still in turmoil and volatility is still high.
The cryptocurrency market can be compared to a bubble at different stages of development. At one point, the market was stable and growing fast, and many companies were looking for long-term solutions and partnerships.
As of now, there are many projects and coins competing for the attention of investors. The cryptocurrency market is still early in its development.
A number of risks are involved in the market’s development. From the early-stage to the current one, many risks exist.
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Spread the loveNew Zealand’s art scene has been on an upward trend for the last several years, leading many to believe that the country’s art market is on the rise. It has even been described as the “next Japan. “New Zealand’s Art Market is, in a word, massive,” Govett-Brewer Gallery Director, and New Zealand-based art…
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(American Press Archives)
Last Modified: Saturday, February 01, 2014 12:36 PM
A drop in federal funding and rising cargo costs are two reasons why the Port of Lake Charles has handled fewer U.S. Department of Agriculture bagged cargo over the last several years, a port official told board members Wednesday.
Todd Henderson, the port’s director of operations, said the USDA’s budget has declined, with just over $2.3 billion allocated in the 2009 fiscal year and $1.66 billion allocated in 2013. Meanwhile, the cost of USDA bagged cargo has increased from $1,714 per ton in 2008 to $3,441 per ton last year.
Henderson said more cargo is being moved by containers, leading to less cargo handled at the port’s City Docks facility. More containers are being used because the USDA is purchasing more prepackaged, ready-to-use food for children.
The port had 568,808 tons of break-bulk to bid on in 2008 and had only 152,592 tons in 2013.
“That’s a decrease of 73 percent in the amount of cargo that the port has a realistic shot of getting,” he said.
Henderson said foreign-flagged vessels prefer using containers to handle cargo. A law was passed in 2012, allowing the USDA to use more foreign-flagged vessels for containers.
“Originally, they were only allowed to use 50 percent of foreign-flagged vessels,” he said. “Now they can use 75 percent.”
City Docks also handles bagged commercial cargo, most of which is milled rice. However, Henderson said USDA purchases of milled rice have dropped from 105,000 tons in 2012 to 44,000 tons last year.
Another problem is the current version of the farm bill circulating in Congress includes language that would eliminate the amount of U.S. cargo sent to other countries.
Henderson said the main competitor for USDA bagged cargo in the Gulf is Jacinto Port in Texas. It has four automated shiploaders, versus two at the Lake Charles port. The Port of Houston can also be used as a large-container port, he said.
“They also use non-union labor, which has allowed them to do the shiploading and the container stuff cheaper,” he said.
Henderson said the port is trying to increase its use of bagged cargo by spending $36.5 million to improve the City Docks facility. He said they have also switched stevedore companies and are now working with Federal Marine Terminals. He said the company is using proper equipment, is offering new techniques to load cargo more efficiently and has a marketing department working with the port.
Mike Mallory, general manager of Federal Marine Terminals, told the board that the company is committed to bringing more cargo to the port.
Another investment includes $70 million for a new grain elevator, Henderson said. He said the USDA can use the facility to carry both bagged and grain cargo.
“It’ll give them better versatility on bidding and give us a better advantage on being able to bid on those cargos,” he said.
Despite some of the setbacks, he said the commercial cargo handled at the port has remained steady from 2008 to 2013. Henderson said the West Gulf Maritime Association Longshoreman total hours for the port have dipped slightly, with 189,906 hours in 2011 and 174,288 hours in 2013.


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iPhone XR Successor Could Replace Coral and Blue Options With Green and Lavender
Apple's colorful iPhone XR lineup comes in a total of six colors, offering plenty of options for users to choose one that best suits their preferences. This year's successor to the iPhone XR will similarly be available in six colors, but Mac Otakara says Apple will be tweaking a couple of the options.
According to the report, the 2019 iPhone XR will be available in new Green and Lavender colors, which will replace the current Coral and Blue colors. The other current colors of White, Black, Yellow, and (PRODUCT)RED will continue to be offered on the next-generation models.
Mac Otakara also claims to have some information on cases for the next-generation iPhone XS and XS Max models, indicating that silicone cases for the new models will likely come in White, Black, (PRODUCT)RED, and shades similar to the current Spearmint and Mellow Yellow cases, as well as one that's close to the current Lilac leather case.
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Cold storage specialist Yearsley has hired Mark Haslam as head of logistics to oversee its national network of 12 cold stores and a fleet of more than 300 temperature-controlled vehicles.
Haslam has more than 20 years’ experience in the sector, with Wincanton, TDG and, more recently, as managing director for the UK transport operations of Suttons Group.
Yearsley chief Harry Yearsley said: “Yearsley Group is responding to the needs of both manufacturing clients and retail customers by implementing a strategy that increases efficiency by improving consolidation and cutting waste delivery miles. Mark has a strong track record in the sector and we have brought him on board to spearhead this programme.”
One of the first tasks will be to implement a new fleet management system which will provide additional control over the response time and flexibility of collections and deliveries.”


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It’s no longer enough to get your school in front of students in the early stages of their decision-making process. Your marketing team needs to engage with them throughout the entire process - even after they’ve requested more information. Here’s how to do so effectively.
Trinity initially approached Archer looking for help generating inquiry volume with our proven cost-per-inquiry program. But we saw a much greater opportunity than just generating initial inquiries for the university.
Instagram introduced Story Ads in January 2017, just six months after Instagram Stories themselves launched. Find out the three things you should know.
Campus Explorer, an enrollment marketing services provider with offices in Los Angeles and Kansas City, today announced the launch of a new corporate brand, identity, and focus. The company will now be known as Archer Education.
When our partnership with Trinity Law School began, we implemented a Social Audience Targeting campaign that has seen positive results and presented an opportunity to help identify and market new tracks of specialization within the program.
Backlinko's Brian Dean, Search Engine Land's Barry Schwartz and other digital marketing experts share their predictions on the future of digital marketing.
The use of social media changed the way we communicate in many ways. Discover how basic communication and digital marketing have been impacted for good.
Find out how persuasive writing techniques can help perfect blogger outreach emails to become more effective at link building.


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OFF THE TICKER
AH: Be OS to be ready soon
Be Inc. of Menlo Park has promised to deliver a version of its new operating system by January that will run on Macintosh clones made by Power Computing Inc. Since the Be operating system is new and little software exists for it, the regular Macintosh operating system will also be loaded on the Power Computing machines. When they turn on the machine, users will be able to choose which operating system they want to use. The deal allows Be to get its operating system into the market without having to sell a special computer to run it. The agreement also focuses attention on the talks between Be and Apple Computer Inc., which are reportedly discussing a deal to make the Be operating system the next generation Apple program. Both Apple and Be remain mum on the talks, but a decision is expected by January.
IBM authorizesanother buyback
International Business Machines Corp.'s board on Tuesday authorized the buyback of another $3.5 billion of its common stock. The world's biggest computer company said it plans to buy the stock on the open market, depending on market conditions. Since January 1995, IBM has repurchased $10 billion worth of its shares. So far this year, they've rocketed in price from about $90 to nearly $160, a nine-year high.
Denim companiesseize bogus jeans
Levi Strauss & Co. has teamed up with two of the other biggest names in denim, Calvin Klein and Guess, to break up a counterfeit-jeans network operating throughout Guatemala and seize about 16,000 pairs of pants bearing the three brands, the companies say. Civil and criminal actions against the leaders are pending in Guatemalan courts, according to an announcement Monday. The probe - coordinated by a partner in the Los Angeles office of the Graham & James law firm - is part of a continuing anti-counterfeiting crusade the three companies are running throughout Latin America.
Rate holds steadyon Treasury bills
Interest rates on short-term Treasury securities held steady in Monday's auction. The Treasury Department sold $14.1 billion in three-month bills at an average discount rate of 5.03 percent, the same as the week before. An additional $14.1 billion was sold in six-month bills at an average rate of 5.07 percent, also unchanged. The new discount rates understate the actual return: 5.16 percent for three-month bills with a $10,000 bill selling for $9,874.30, and 5.27 percent for a six-month bill selling for $9,745.10.<


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Microsoft’s messaging as far as free copies of Windows 10 goes has been confusing at times. While we have known for some time that those who own a genuine copy of Windows 7 or Windows 8.1 will be getting the upgrade, Microsoft has also alluded to pirate copies getting the upgrade in the past and later backtracked.
Now, Microsoft is backtracking again, as a recent Windows blog post said that those who have been helping test Windows 10 up until now as part of the preview program would have access to the final build and their licenses would remain active. After the news broke, the company updated the blog to remove that references to preview licenses remaining active after the release of Windows 10.
Now the blog post clearly states that while preview users will receive the final build of Windows 10 on the 29th of July “It’s important to note that only people running Genuine Windows 7 or Windows 8.1 can upgrade to Windows 10 as part of the free upgrade offer.”
So unfortunately, if you have been helping test Windows 10 leading up to the operating system’s launch, you will still need to buy the OS or own a copy of Windows 7 or 8.1 to receive a genuine Windows 10 license, which is a bit of a shame, after all these people did help shape the operating system for months.
Discuss on our Facebook page, HERE.
KitGuru Says: Microsoft has not commented on exactly why preview build testers won’t be allowed access to a fully licensed copy of Windows 10 but it seems like the company was at least thinking about it.


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The new "boiled egg diet" goes too far with this protein-rich food.
A restricted new weight-loss practise is gaining traction on social media, say two dietitians. Diet of cooked eggs?
The boiled egg diet is generating interest onlin. Not what it sounds like (fortunately). It's not only cooked eggs, though.
The boiled egg diet also contains lean proteins, non-starchy vegetables, a few fruits , and minimum fats.
Eating two boiled eggs with fruit for breakfast, then veggies with eggs or another lean protein for lunch and supper.
When you cut off carbs, you lose weight—but not in a healthy way. Boiled egg diet lacks nutrients.
The diet recommends eliminating processed meals and vegetables including potatoes, maize, peas, and lentils. Bananas, pineapple, mango, dried fruits, and sweetened drinks are forbidden
A new study emphasises the importance of whole grains for cardiovascular health and weight loss.
Several hard-boiled eggs a day is excessive. Most individuals can't diet well.
Eggs are a source of cholesterol and saturated fat, notwithstanding their health advantages.


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Samples in periodicals archive:
More than 80,000 people between the ages of 22 and 35 are actively involved in the karting industry, according to the industry publication National Kart News, and there are no signs of it slowing.
F), manufacturer and marketer of advanced eco solutions, including its popular new TrackMoist Dust Suppressant for dirt tracks, announced today that TrackMoist will be advertised for the first time ever, starting with a full page in the July 2009 edition of National Kart News http://www.
The Elkhart Grand Prix is a registered trademark of National Kart News.


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Modification of State Treaty on Gambling creates legal certainty for mybet
Yesterday, the 2nd Modified State Treaty on Gambling was signed. The treaty now includes amongst others a transitional arrangement for providers of sports betting, who already applied for a licence in Germany in the year 2012. The new regulation shall become effective in 2018. By this arrangement the Personal Exchange International, a group company of mybet Holding SE, will then own an official preliminary permission for the offering and sale of sports betting in Germany.
mybet welcomes the efforts to regulate the German market in total. As a member of the German Sports Betting Association (DSWV) the company supports the offer by the association to start a dialogue with politicians to develop a mutually satisfactory sustainable solution.
“The preliminary permission has the same effect as a licence. On time with putting our new product platform fully into operation on 21 March we now have legal certainty for our sports betting offer in the German market for the time being”, says Markus Peuler, CEO of mybet Holding SE.
Potential competitive advantage
The new treaty awards permissions to 35 sports betting providers. But a significantly higher number of companies is active in the German market. Not only for online players the question arises whether to use a provider with or without permission in the future. Also for owners of land-based betting shops, who in addition underlie specific regulations in the different federal states, the current change could become an important factor. As the mybet Group already puts high effort into supporting its betting shop partners within its franchise system in regulatory issues, the permission supports these efforts.
“We intentionally try to act exemplary also in the field of regulation and to contribute to a trustworthy behaviour in the industry. With a state permission in hand the mybet brand gains additional attractiveness. So hopefully, online players and shop owners now have another reason to take a good look at our offering”, explains Peuler.


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The UK Film Council, along with a number of other industry bodies and trade unions, is urging the government to ban illegal downloaders from the net.
When it comes to e-readers, the hype machine has gotten ahead of the reality. Earlier this week, photos of the super-slim, sexy Plastic Logic Reader -- not available until next year -- circulated the 'Net and graced a New York Times article on the co...
Melbourne will become the first capital city on the east coast with permanent DAB+ digital radio services on 11 May.
Astronauts onboard the space shuttle Atlantis will have one extra job to do next week.
As expected, Amazon.com Wednesday released a new version of its Kindle with a bigger screen, which is intended to present newspaper and magazine content better than the current, smaller Kindle 2.
Australia's first permanent DAB+ digital radio services have been switched on in Perth by nine commercial radio stations. Although digital radio signals have already been broadcast in several capital cities, these have been test broadcasts from a sma...
China could gradually become a big market for Blu-ray Disc, but for now the optical disc format faces the problems of thrifty buyers, piracy and a competing Chinese disc format for playing high-definition video.
RealNetworks CEO Rob Glaser took the stand Tuesday in his company's ongoing legal battle against the motion picture industry, arguing that RealNetworks' DVD-copying software is not designed to create a free-for-all of illegal copying.
Several of Japan's largest electronics companies have halted business trips to Mexico after a deadly outbreak of swine flu in the country.
Struggling electronics company Pioneer has outlined a number of ventures and investments as part of its plan to turn its business around and return to profitability.
Freeview, the television industry body publicising the move to free-to-air digital television, has released information on products it has certified the compatibility of at a launch at Dick Smith in the Sydney CBD on Monday.
Flash, the technology used by YouTube to stream video clips into your browser window, is now installed on 98 percent of all computers, according to Adobe Systems, which acquired the technology in 2005. The company also says that about 80 percent of W...
General Electric Global Research says it has figured out a way to put up to 500GB of data on a regular-sized DVD disc under laboratory conditions. GE says its breakthrough was achieved by writing 3-dimensional patterns that represent data onto a disc...
The Australian Competition and Consumer Commission (ACCC) has finalised access arrangements for digital radio, clearing the way for wide scale DAB+ broadcasts to begin.
Chinese manufacturers hope to sell hundreds of thousands of optical disc players for a locally developed next-generation disc format this year, a spokesman for an industry group promoting the format said Friday.
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In a court filing, Brookfield Property Partners made a statement that GAP has refused to open the stores in Texas and owes more than $ 2 million in rent. Brookfield is asking the court to force Gap to operate the Texas stores and pay back rent
“For three months running, Gap has failed to pay rent at virtually every Brookfield location nationwide, even for stores that Gap is operating,” the landlord said in court papers filed last week. “At present, Gap has withheld more than $2 million in rent from Brookfield in Texas alone.”
Gap chief executive officer Sonia Syngal said earlier this month the company was in talks with its landlords and was paying “what we consider fair rent.” Gap has reopened more than 1,500 of its roughly 2,600 stores in North America.
The Brookfield lawsuit highlights rising tensions between landlords and retailers amid the pandemic-driven economic downturn. Hundreds of tenants have missed rent payment or shuttered stores in recent months, and landlords have sent default notices.
Simon Property Group Inc., a major mall owner, previously sued Gap, arguing the retailer has failed to pay $65.9 million in rent and other charges in recent months. Simon operates Firewheel Town Center in Garland, North East Mall in Hurst, Hulen Mall and the Shops at Clearfork in Fort Worth, Premium Outlets in Allen and Grand Prairie and Grapevine Mills.


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As many as 70,000 vehicle journeys a day to central London no longer occur because of the congestion charge, figures reveal today.
This means the number of vehicles entering the zone is down by more than a third since the £5-a-day levy was introduced in February last year.
However, motorists are not turning to the Tube. The same report shows that the number of passengers using the Underground fell by 40,000 last year.
Transport for London, which today published definitive figures on the first 12 months of the scheme, insists the economic impact on business remains "small".
Environment groups are hailing the charge for cutting air pollution caused by cars and lorries.
According to the TfL report, of the "65,000 to 70,000 car trips that are no longer made to the zone" during the 7am to 6.30pm charging hours, up to 60 per cent of commuters have switched to public transport.
Some 20 to 30 per cent now go around the zone, and 15 to 25 per cent have made other changes such as switching the time of their journey. TfL claims there is "no evidence" of increases in traffic outside the eight-square-mile zone's boundaries.
Payment of the charge remains consistent at 110,000 transactions a day, while several hundred vehicles belonging to serial charge-dodgers have been impounded, and bailiffs are chasing up unpaid £80 fines.
Addressing the controversial issue of the charge's impact on traders, many of whom believe it has scared off customers, the report says the London economy "has been subject to a wide range of influences during 2003".
It adds: "Collectively, these have had a much greater impact on the central London economy than congestion charging. They have also made the task of identifying and quantifying congestion-charging related impacts more difficult."Reuse content


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Both companies recently experienced drops in 'value perception'
By Abigail Elise
Customers are losing faith in Verizon and AT&T, according to Brand Index, an analytics and intelligence firm based in London. Consumer surveys and interviews conducted by the company found that both telecommunications giants experienced "significant value perception" declines during the past 30 to 60 days.
"Since Christmas, Verizon Wireless consumer value perception moved to its lowest point in at least six years, while AT&T has been declining steadily since early December to fall behind the other three in this key consumer metric," Brand Index CEO Ted Marzilli said last week.


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Land O'Lakes sustains $4.3 million loss in Q3
November 5, 2009
by Eric Schroeder
ARDEN HILLS, MINN. — A combination of lower commodity prices and a consumer shift toward a lower-priced product mix contributed to a loss of $4,314,000 at Land O’Lakes during the third quarter ended Sept. 30. The loss compared with net earnings of $28,562,000 in the same quarter a year ago. Net sales for the quarter also were lower, falling 22% to $2,177,524,000 from $2,783,930,000.
“Our third-quarter performance is typically soft due to seasonal impacts,” said Chris Policinski, president and chief executive officer. “Year-to-date, we are on track with our projections, and we remain cautiously optimistic about prospects for the fourth quarter. We are maintaining our earlier guidance for year-end.”
In the company’s Dairy Foods segment, pre-tax earnings totaled $8,900,000 on sales of $776 million, down from $25,400,000 and $985 million, respectively, in the same period a year ago. Land O’Lakes said volumes in the category were mixed, but generally reflected a shift toward lower-priced private label products.
Net earnings for the nine months ended Sept. 30 were $159,833,000, down 17% from $192,630,000 during the same period of the previous year. Sales for the nine months were $7,939,337,000, down 15% from $9,368,794,000 during the same period of the previous year.


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Barry FitzGerald: Why lithium miners with co-products are a safer bet
Link copied to
There has been some decent price recoveries in the big name lithium producers from their multi-year lows of March.
They are still beaten up for sure, but given COVID-19 has hit the global auto industry particularly hard, the recovery from the March lows demonstrates continued faith in the lithium-ion battery powered electric vehicle revolution.
The revolution is delayed not derailed by the pandemic. The same goes for the expected recovery in lithium prices which were already under pressure from over-supply before COVID-19 hit.
Not much is expected on the price front for the rest of the year but the delays and deferrals in new lithium projects, and production pullbacks at existing operations, has the industry anticipating a supply squeeze emerging by 2025 at the very latest.
Paul Graves, CEO of big US-listed Argentinian lithium producer Livent, told Goldman Sachs recently that while there was an excess of supply today, we were still early in the EV driven demand growth that people expect.
“It doesn’t take long before today’s capacity is largely consumed,” he said.
Graves said that the industry would need incentive prices to build the additional lithium capacity, and those prices would be “significantly higher than where they are today.’’
He added that when prices did respond to the coming supply gap, the response could be sharp as supply fears gripped the battery and automakers.
It is against that backdrop that Garimpeiro has been wondering if it’s time to ride the EV thematic by taking advantage of the recovering but still beaten up share prices of the companies working on the next generation of lithium projects, but with a twist.
The twist is to seek out lithium projects where revenue from co-products means that the lithium can be brought to the market at the lowest points of the global cost curve.
Two ASX-listed companies of that score come to mind – ioneer (ASX:INR) with its Rhyolite Ridge “Made in America’’ lithium-boron project in Nevada, and Lepidico (ASX:LPD) with its Namibia/Abu Dhabi lithium-caesium-rubidium-potash project.
While lithium prices are expected to recover to at least the $US12,000 ($17,996) per tonne incentive pricing that Livent’s Graves said was needed to grow supply to meet the demands of the EV revolution, Garimpeiro likes the idea of co-product operations having the protection of lower all-in lithium costs.
ioneer is trading at 12c (up from 7.6c in March) for a market cap of $200m.
Its DFS found that thanks to the revenue stream from boron (9t of boron will be produced for each tonne of lithium), it will produce its lithium for $US2,510t on an all-in sustaining cost basis, putting it at the bottom of the cost curve.
Importantly for the project’s ability to support the $US768m capital cost, the market for boron is deep and the price for the material is remarkably stable, trading between $US600 and $US800/t for as long as anyone can remember.
Boron has multiple uses and its supply is currently dominated by Turkey and Rio Tinto from a US operation. ioneer used $US710/t long-run prices in its DFS, so it is looking at $US6,390 from boron to offset against the cost of each tonne of lithium.
Lepidico is trading at 0.7c for a market cap of $36m.
Its DFS pointed to a $US139m project, split into a mine/concentrator in Namibia and a chemical conversion plant in Abu Dhabi, producing lithium at an all-in sustaining cost of $US3,221/t after revenue from other products – caesium, rubidium, and a type of silica used as a partial supplement for cement.


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Major cell phone manufacturers such as Apple, Huawei and Samsung know that the number of people who rely on these devices for any of their daily activities is growing rapidly. Today, people use their cell phones for everything: attending teleconferences, searching for information on Google, chatting with friends, playing casino games, studying and, of course, talking on the phone. For this reason, developers aim to improve the user experience through innovations that, at the very least, surprise them and allow for new functionalities.
New screensNewcell phone screens aim to improve entertainment.
More and more users use their mobile devices to watch movies and videos on different platforms and it is expected that, in the not so distant future, cell phones will completely replace computers. The first changes bring larger, up to 7.8-inch, borderless screens that play high-definition videos with resolutions of up to 8K. On the other hand, the most radical change will be the incorporation of flexibility. The phones will have dual, folding and roll-up screens that will allow, among other things, different applications to be opened on both sides of the device for multi-tasking.
Battery durabilityWiththe uses given to cell phones, it was to be expected that manufacturers would work on the durability of the batteries.
This is also because the imminent incorporation of the 5G network and the new Internet of things will demand more consumption and, therefore, will require batteries that yield more. Among the main innovations of these accessories, some developers are working on batteries with carbon nanotubes that, among other applications, allow improving the efficiency of the battery by 250 percent more. Other manufacturers are exploring the use of graphene, a substance that will make it possible to obtain thinner batteries that can be charged more quickly. The aim of these new additions is to obtain lighter batteries that considerably reduce the time of charge and increase their durability.
CamerasMostpeople change their cell phone to have a better camera, which is why the manufacturers of these devices are working to introduce better features.
The digital zoom and optical lenses will allow high resolution shots. In addition, developers are looking to improve the usability of cell phones through applications that use the camera to, for example, scan documents and visualize our surroundings through augmented reality. Cameras and their accompanying software seek to take full advantage of virtual reality technologies, and as more and more people use their cell phones, manufacturers are looking to improve the user experience and, in the short term, replace computers. New screens, more durable batteries and high-definition cameras are just some of the new innovations.


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NEW YORK (AP) — Shopify is cutting 10% of its staff, or about 1,000 employees, because the e-commerce company reckons with an unexpected sales downturn after a pandemic-fueled explosion.
There was a wave of layoffs or cutbacks within the tech sector with Wall Street distancing itself from a few of the fast-growth corporations that flourished over the past two years.
Shares of Shopify Inc., based in Ottawa, Ontario, tumbled 15%.
In a memo sent to employees Tuesday, Tobias “Tobi” Lütke, the corporate’s founder and CEO, said job cuts will probably be made across recruiting, support and sales departments. The corporate said it is also eliminating over-specialized and duplicate roles, as well some groups that were “convenient to have but too far faraway from constructing products.”
The corporate had anticipated that the pandemic would speed up the entrenchment of e-commerce sales by five and even 10 years, Lutke wrote, and the corporate expanded to match those expectations. But he said it’s now clear that bet didn’t repay. Spending, he said, appears closer to patterns seen before the arrival of COVID-19.
“As a consequence, we now have to say goodbye to a few of you today and I’m deeply sorry for that,” Lütke wrote.
Shopify was founded in 2006 as web designer for retailers, but has expanded into a set of services including payments, marketing, and shipping.
Sales leapt 86% between 2019 and 2020, and one other 57% jump, to $4.61 billion, last yr.
By May, nevertheless, Shopify warned of slower revenue growth because the pandemic boom faded.
Employees who’re let go will get 16 weeks of severance pay, plus a further week for each yr of tenure, the corporate said.
The layoffs were first reported by The Wall Street Journal.
Shopify reports second quarter earnings results Wednesday.
Follow Anne D’Innocenzio: http://twitter.com/ADInnocenzio


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In response to businesses' continued complaints about harassment by customs officers, the Ho Chi Minh City customs department has asked them to be bold, question the reasons for their demands, and inform their bosses, news website Saigon Times Online reported.
"Businesses should reason with and inform authorities based on current regulations when they get unreasonable demands from customs officers," Nguyen Thanh Long, deputy chief of the city customs’ supervision division, was quoted as saying at a conference last Thursday.
If businesses provide department chiefs with the correct identities of corrupt officers, they are ready to arrange a meeting with businesses to resolve their problems, Nguyen Quoc Toan, deputy chief of the department's export-import division, said.
Customs chiefs do not make it their policy to let officers harass businesses and cover up their wrongdoing, Toan said.
He pointed out that at meetings over the past decade businesses always complained that customs officers demanded them adjust their import prices to calculate taxes though they had submitted all necessary documents to justify the prices.
However, he has never seen objections by any business in the minutes of price-consultation meetings with customs, and they should have stated something like "customs officers arbitrarily imposed prices" if they had found decision dubious, Toan claimed.
At the latest meeting, HCMC business executives again complained that customs officers extorted money or delayed things with red tape.
"We are forced to pay them so that our imports can be cleared without delay," a deputy director of an electronics import firm was quoted as saying.
"Every business present here would understand this.”
Dinh Cong Khuong, chairman of Khuong Mai Steel Company, said customs constantly imposed higher-than-declared prices on their imported shaped steel items, sometimes almost double, even though they submitted all verification documents.
He said the previous day his company had imported a consignment at US$373 per ton, but his employees informed him that some customs officers wanted to hike the price to $400 and demanded VND1 million ($46.3) to keep the price.
An SPTD Toshiba Vietnam executive queried the legitimacy of all of his company's electronics imports being categorized as "red" in the last 10 months, saying similar items were categorized as "yellow" in the northern port of Hai Phong.
Under Vietnamese laws, imports are categorized as "red" when 100 percent of items in a consignment are checked manually, "yellow" when only part of the consignment is checked, and "green" when there are almost no checks at all.
The categorization is done automatically with criteria decided by customs.
In another case, CMA CGM Vietnam JSC, a shipping line, said though all the declaration processes are now handled online, customs officers still ask them to print all the forms and submit them, which is costly and time-consuming, since the number of documents can run into the hundreds.


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As many of you know when Saab Cars North America (SCNA) went bankrupt in February 2012 they had thirteen of the former General Motors Heritage Collection cars in their own collection. Ten of these cars were put up for bid as a group which Bill Jacobson and I where able to acquire and split, five cars each. Our goal has been to keep these cars together and try to avoid a split up of the collection into individual cars, since together they still represent a piece of Saab and even General Motors heritage.
Which brings us to the missing three cars from the SCNA Heritage Collection;
Red 1964 Quantum IV, which had an ownership concern at the time of the sale in February, which required it to be pulled from the sale in the eleventh hour. With the help of Chip Lamb, Tom Letourneau, Bill & Carol Ann Jacobson and Randy Cook, and several others, this issue was resolved. I was then able to acquire the car in April of this year and it was shown most recently at the Saab Owners Convention (SOC12) in Iowa City, Iowa in August. I think it is a great original example of Walter Kern’s Quantum design with a Saab two stroke engine fitted.
Also missing from the February sale where a blue 1970 Sonett III and a black 1985 SPG both restored by CAS when GM still owned the Heritage Collection. Both of these cars had been used for a Saab Promotional event in the summer of 2011 and were still in possession of the promotional management company called Event Solutions International (ESI) at their Los Angles offices. SCNA had tried to get the cars returned to them at Detroit but ESI had refused to release the cars given SCNA shut down and looming bankruptcy. SCNA still owed ESI a very large sum of money and ESI was holding the cars for payment.
After buying the first lot of ten SCNA Heritage cars I received a lot of emails and phone calls from people trying to locate these missing two cars. Several people want to buy them for a birthday present for a teenager or to use as a daily driver. I know cars are “made to be driven”, but these two cars had been restored to such a high level, I think they qualify as true pieces of Saabs history now. The money GM spent on these two car’s restoration would be unheard of by any normal person or collector. Truly they represented the finest restoration work ever done on Saabs. And I have no issues with people restoring a car to perfection and driving it, just not these two! Some cars need to be persevered to show case their heritage for future generations to see, and most of the GM/SCNA cars meet that criteria in my view. Also, all owners of collectible cars are only temporary custodians, care takers, of their cars. Someday, old mother time will require they all will pass onto other hands.
With that said, once I figured out the whole situation and all the players involved I begin to contact them on a regular basis through emails, phone calls, and text messages. I was fortunate that the president of ESI, John Thompson, was truly a “car guy” and wanted the cars to get into a collector’s hands. To go along with that, Jim Sweeting, VP of SCNA, and Tim Colbeck, president of SCNA, both wanted to keep the SCNA collection together if possible. The help of these men finally paid off and although it took a lot of time, I was finally able to get an offer through the bankruptcy court and get the cars purchased. Once I had official ownership of the cars, John Thompson allowed me to take possession with out any conflict and have them shipped to Iowa in late August. ESI and their staff were true professionals in all my dealings, many thanks to them. But really it was the work of Jim Sweeting and Tim Colbeck that allowed me to purchase these cars. Special thanks to both of these fine men for all their efforts.
I was able to sign the paper work at the SOC12 and have slowly started to get the word out that these cars are now reunited with five of the other GM/SCNA Heritage Cars. If you are ever in Iowa, swing on into Fort Dodge and have a look. I love to show them off. Heck, I have only seen the Blue Sonett once a couple years ago and have NEVER seen the Black SPG. I am away till late November coaching football at Black Hills State in Spearfish, South Dakota and cannot wait to see it myself! Also if anyone has some history on these two cars that would be nice to have also!!
As always, thanks for reading and Safe Saab’in! Tom Donney


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- Dutch players still struggle to distinguish between licensed and unlicensed providers
- The upcoming ban on untargeted advertising could make things worse
- NOGA said addressing the issue is a critical task for the government and the industry
Dutch players still find it difficult to distinguish between unlicensed and licensed gambling operators, as the country’s regulated online gambling market enters its second year.
That’s according to the Netherlands Online Gambling Association (NOGA) which recently released its annual NOGA Online Gambling Barometer (dutch).
Struggle to Distinguish Licensed Sites from Unlicensed Ones
The report stated that recognition of legal online gambling providers among the general public has not significantly increased since online gambling went live in the country in 2021 under the Remote Gambling Act (KOA). Given these findings, the trade body has raised concern over the potential impact of upcoming advertising restrictions on Dutch players’ ability to differentiate a licensed site from an unlicensed one.
From July 1, 2023, the Dutch government will ban untargeted advertising across all channels, prohibiting operators from running “indiscriminate” gambling adverts on print, radio, and television. They will also be barred from putting up ads in public spaces. The new rules will also put an end to sports sponsorships by gambling companies which enforces similar rules for celebs promoting gambling which was banned in 2022.
According to NOGA Managing Director Peter-Paul de Goeij, a blanket approach could do more harm than good as it would make it even harder for players to recognize legal providers from illegal ones.
He pointed to the latest data from the NOGA Online Gambling Barometer which shows that even with the presence of untargeted advertising for online gambling, Dutch customers still struggle to identify which gambling sites are licensed or not.
Recognition of legal providers among the general public is expected to decline because of the advertising ban, and this scenario represents a “critical task” for both the government and the industry in terms of making it much easier for players to know whether they’re dealing with authorized platforms.
Dutch Online Gambling Market Achieving Maturity
The latest NOGA Online Gambling Baromoter has highlighted some positive results though, with data showing that 94% of those who have gambled since the launch of the KOA market have done so with legal sites. Consumers are also now more aware of the inherent risks of gambling, and advertising measures implemented by licensed providers have been effective so far, with fewer ads shown to the public.
Franc Weerwind, Minister for Legal Protection, earlier confirmed that the ban on untargeted advertising will take effect on July 1.
The implementation of the new rules, which was initially set on January 1, 2023, has been delayed after the Council of State sought more clarification on certain aspects and technicalities of the proposed ban. The measure is aimed at curbing the impact of gambling advertising on young people.


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A newly-discovered underground marketplace has been peddling access to more than 3,000 breached websites, catering to hackers hungry for valuable data and the ability to launch a range of attacks on unsuspecting site visitors.
Advertisements for the Russian-speaking marketplace called MagBo were first posted on a top-tier hacking forum in March, according to researchers at Flashpoint. Upon further investigation, the research team found that details for thousands of breached websites were for sale on MagBo.
“This particular market is populated by a more than a dozen vendors and hundreds of buyers who sell and take part in auctions in order to gain access to breached sites, databases and administrator panels,” said Vitali Kremez, a researcher with Flashpoint in a Wednesday post.
Kremez described access to breached sites as “an uneasy trend,” with cybercriminals hunting for backdoored websites to launch malicious activities – including spam campaigns, fraud, cryptocurrency mining, network penetration and credit-card sniffing script installations.
“This…may have manifested itself already in a few high-profile publicly disclosed incidents,” he said. “A recent well-publicized breach [at British Airways], for example, involved custom-built infrastructure, according to researchers at RiskIQ, allowing the attackers to avoid detection and compromise the data of 380,000 customers. Such an attack likely required compromised access and the ability to manipulate site content and inject code in order to steal customer data.”
Most of the compromised sites found on MagBo are e-commerce outlets, but victims in industries such as healthcare, legal, education, insurance and government were also discovered. After investigating available servers, researchers concluded that most of the breaches are from either U.S., German or Russian hosting services.
The marketplace offers breached sites for anything from 50 cents to $1,000, based on a ranking system, which shows various site host parameters – including “visits per day,” “pages in Google,” Alexa ranking and host country. The marketplace also breaks down descriptions of the privilege levels for sites, with labels such as “full access permissions,” “abilities to edit content” and “add your content.”
The most expensive breached website (going for over $1,000 in MagBo) has more than 30,000 unique visitors per day.
“These parameters allow the buyer to purchase the exact breach they need depending on the website value as determined and checked by the store,” explained Kremez. “High-value targets would obviously fetch a higher price and [offer the ability] to inject payment card sniffers or other tools for deeper network penetration. Sites with a lower ranking and a lesser perceived value are more likely to be abused for cryptocurrency mining or spam delivery.”
MogBo also sells stolen photocopies of national documents for identity fraud, breached payment-wallet access, compromised social-media accounts and Bitcoin mixer or tumbler services (for making transactions and digital assets anonymous on the blockchain), researchers said.
The marketplace hosts a dozen breach sellers with more than 200 customers, predominantly from the Russian-language underground community, Kremez told us. This could include Magecart Group, for instance, which is believed to have carried out the British Airways breach and the Newegg attack, as well as other attacks involving compromised websites.
Flashpoint found that, according to advertisements, the websites listed in MagBo were breached via access to PHP shells, hosting or domain control, FTP, SSH, SQL or admin panels.


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OVERLAND PARK, Kan., September 30, 2015 – MIQ Logistics is pleased to announce that Andrea Basail has joined the Sales team as commercial manager for Chile. Located in the Metropolitan Region of Santiago, Chile, Basail has responsibility for developing new sales lanes, strategic accounts, and new business efforts.
“Andrea has more than 10 years working in the industry, adding to our depth of experience while broadening our ability to reach new customers,” says Jose Valle, managing director, Latin America, for MIQ Logistics. Valle explains that customers and new business prospects can expect Basail to provide the in-depth understanding of global- and domestic-logistics functions that lead to smooth supply-chain performances.
Prior to MIQ Logistics, Basail was a Sales manager with FH Bertling. She is proficient in freight forwarding, global pricing, logistics, spot projects and customer service. Basail is fluent in English and experienced in business administration and international trade.
About MIQ Logistics
MIQ Logistics is a global logistics company headquartered in Overland Park, Kan., and with offices in North America, Asia, Europe and Latin America. MIQ Logistics enables companies to improve their transportation network and overall supply chain efficiency by offering flexible logistics solutions supported by Web-native technology and global logistics management capabilities.
# # #
SOURCE: MIQ Logistics
For more information:


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Report: Affluent African-Americans have 45% of buying power
By 2012, buying power in the African-American demographic will reach more than $1.1 trillion; nearly half of that buying power (45%) will be place within the Affluent African-American segment. The study goes on to indicate that currently African-American's buying power is $892 billion.
The study further found that the buying habits of African-Americans are different than Caucasian or Latino groups.
Of the 2.4 million African-Americans who have household incomes of more than $75,000 most are very interested in fashionable clothing and accessories, however fewer of them are apt to shop online, research products online or plan trips online.
So, how do online marketers reach this important demographic when the consumers aren't likely to be there? Multimedia campaigns are probably a good starting place.
According to the report, about 40% of the African-American demographic turn to television most often. So, sponsoring a television program and pointing a consumer to a website for more information or a special offer could be a good way to engage the consumer online. Magazines are also more important to the African-American population with 6% more than the national average, making magazine ads another good option. By utilizing cross-promotional ads, marketers have a better chance at pushing consumers online to research and buy products.
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The U.S. imported $3.6 billion worth of wine and beer from Mexico last year, according to government data. The U.S. imported 773 million gallons of beer alone in 2018, an 8.6 percent increase over the year prior and more than it receives from any other country.
Five percent tariffs are scheduled to go into effect on Monday, but the rate could escalate to 25 percent over the coming months should Mexico fail to satisfy the Trump administration’s requests regarding immigration at the southern border.
When the tariffs were announced, shares of Constellation Brands – which imports Corona, Pacifico and Modelo from Mexico – fell nearly 6 percent. Annheuser Busch brews Corona Premier and Corona Familiar in Mexico, while MillerCoors relaunched Mexican import brand Sol in 2018.
According to the Beer Institute, tariffs on Mexico would constitute a $12.5 million cost increase to importers during the month of June alone – a cost that would reach $374 million by the end of the year. A 25 percent tariff would increase costs by $984 million each year. Those cost increases, like many others, are expected to be passed on to the consumer.
But the pain could be worse for beer drinkers in some states than others. That’s because some states tax the beverage at a higher rate.
Beer excise tax rules differ among different states. Some, for example, use rates based on alcohol content, place of production or container size, according to the Tax Foundation. Sometimes the retailer itself is taxed – those costs are then factored into sales price.
According to the Beer Institute, consumers make about $5.3 billion in hidden excise payments to their state and the U.S. government. The group also says that taxes amount to more than 40 percent of the retail price of beer.
These are the states with the highest excise tax rates in dollars per gallon, as of January (compiled by the Tax Foundation):
1. Tennessee: $1.29 per gallon tax
2. Alaska: $1.07 per gallon tax
3. Hawaii: $0.93 per gallon tax
4. Kentucky: $0.87 per gallon tax
5. South Carolina: $0.77 per gallon tax
6. North Carolina: $0.62 per gallon tax
7. Maryland: $0.54 per gallon tax
8. Alabama: $0.53 per gallon tax
9. Minnesota: $0.49 per gallon tax
10. Georgia, Florida: $0.48 per gallon taxes
Calculations include statewide local rates, case fees/bottle fees, wholesale rates (where applicable).
At the federal level, beers face different tax rates – based on whether they are small domestic brewers or not.


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The incredible design, excellent drivability, and high class interior certainly make the 2018 Lexus LC500 worthy of all the attention it receives.
The Greenwich Concours d’Elegance is, perhaps, the Northeast’s finest annual gathering of automobiles. Spread across one weekend in June, the show features a carefully curated list of makes and models that defined the world’s automotive history. Last year, we attended in a Chevrolet Corvette Z51. This year, we […]
Is the idea of a sedan outdated? Consumers are leaving sedans in droves for crossovers. But carmakers aren’t ready to give up just yet. We’ve tested several new luxury sedans in the past few years, none of them quite so highly anticipated as this. The Cadillac CT6 is […]
This Labor Day, we brought the Porsche Cayman S and the Scion FR-S together. Our 700 mile trip to the New Hampshire coastline was a chance to examine both vehicles. Obviously, it wouldn’t be right to compare the two. At one end, the FR-S starts under $25,000. On the other, […]


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MUMBAI, INDIA: Global mobile data traffic is set to reach 52 million terabytes (TB) in 2015, an increase of 59pc from 2014, according to Gartner, Inc.
The rapid growth is set to continue through 2018, when mobile data levels are estimated to reach 173 million TB. Gartner analysts advise communication service providers (CSPs) to rethink their data caps to meet consumer needs and win market share.
"Mobile data traffic is soaring worldwide, more than tripling by 2018," said Jessica Ekholm, research director at Gartner.
"New, fast mobile data connections (3G and 4G) will grow more slowly, from 3.8 billion in 2015 to 5.1 billion in 2018, as users switch from slower 2G connections and consume more mobile data."
In the third quarter of 2014, Gartner conducted a mobile app survey and asked 1,000 smartphone users in the U.S. and 1,000 in Germany about their mobile app usage habits.
The survey showed that German users are more restricted by their data plans, and are therefore less likely to watch videos or consume large amounts of data via cellular networks compared to the U.S. This means less revenue per user for CSPs in Germany.
When asked if they would wait until they get to a Wi-Fi area to download an app or stream content from a video app, 54 percent of Germans agreed and only 36 percent of U.S. respondents said yes.
The survey showed that families with children are driving mobile video usage. Users with children were the least concerned about using cellular data to stream video — surprisingly with almost no correlation to income. This is being encouraged by CSPs enabling plans with data sharing available between devices.
In the U.S., 47 pc of the 45 to 54 year olds surveyed stream 15 minutes or more of mobile video apps over cellular networks per session, whereas only 40 percent of 18 to 24 year olds stream more than 15 minutes.


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Wayne Harding has become vice president of development for Rivet Software, which develops XML-based applications for financial integrity management.
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Denver-based Rivet was founded by Mike Rohan, founder of FRx Software, which is now owned by Microsoft. Edgar Online recently began selling Rivet's Dragon Tag to convert data in XBRL format. "This is right up my alley because I helped start XBRL," Harding noted.