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By Staff writer
Abraaj says it plans to expand production capabilities of Yu-Ce Medical following stake deal
Dubai-based Abraaj Group has announced the acquisition, through one of its funds, of a stake in Yü-Ce Tibbi Gereçler Ithalat Ihracat Mümessillik Sanayi ve Ticaret, a disposable medical supplies manufacturer in Turkey.
Yu-Ce Medical marks Abraaj’s second investment from its Anatolia Growth Capital Fund.
Abraaj, in partnership with the Balçik family, said it will focus on increasing the production capacity, expanding the existing sales and distribution network and further enhancing the company’s product offering in the disposable medical supplies sector.
Growth plans include the extension of the existing Sanliurfa factory, leading to the creation of additional employment opportunities in Sanliurfa, and an investment in new machinery to optimise overall production capacity.
Established by Cengiz Balçik and Yümnü Balçik in 1995, Yu-Ce Medical began its operations as a medical supplies importer and is today a leading medical gauze and medical sponge producer, and among the few domestic surgical suture producers in Turkey.
The company has two manufacturing factories and has a customer base of more than 230 state, university and private hospitals and over 190 medical distributors.
The Turkish disposable medical supplies market has experienced an 11 percent annual growth rate over the last five years, and now accounts for 22 percent of the overall medical equipment and supplies market in Turkey.
Levent Yesildag, director and head of Anatolia Growth Capital Fund at The Abraaj Group, said: “Our investment in Yu-Ce Medical is aligned with the Anatolia Growth Capital Fund’s strategy of seeking strong, growth-oriented and well-managed companies in the developing regions of Anatolia.
"We look forward to our partnership and intend to utilize our longstanding experience in the healthcare sector to jointly accelerate the growth of Yu-Ce Medical.”
Cengiz Balçik, general manager at Yu-Ce Medical, added: “Abraaj’s successful track record in Turkey and depth of global operating expertise will help us move into our next phase of growth, increase our production capabilities and sales network, and strengthen our market position in the country.”
In January, Abraaj made Anatolia Growth Capital Fund’s inaugural investment in Kayseri-based BRN Sleep Products, a Turkish mattress and sleep products manufacturer, exporter and retailer.
The Abraaj Group has extensive healthcare investing experience, having deployed over $900 million across 28 healthcare investments in global growth markets.
Abraaj has been investing in Turkey since 2007, and its diversified portfolio includes leading e-commerce business Hepsiburada and dairy manufacturer Yörsan Group.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.


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By now, it's nearly impossible to avoid the constant deluge of statements from the myriad of corporations severing ties with Russia following its unprovoked invasion of Ukraine. From Coca-Cola and Nestlé to McDonald's and Starbucks, the corporate exodus from Russia is growing by the day as outrage mounts over increasing civilian carnage.
Starbucks CEO Kevin Johnson expressed sympathy for Ukrainians affected by the "horrific attacks" in a Tuesday letter to partners that announced the multibillion dollar corporation's decision to "suspend all business activity in Russia," including store operations and retail shipments of Starbucks-branded products.
"Our licensed partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 partners in Russia who depend on Starbucks for their livelihood," Johnson added.
McDonald's is also continuing to support employees even as it pauses business operations. CEO Chris Kempczinski revealed in an email to employees and franchisees that while the Golden Arches would temporarily shut down in Russia and Ukraine, it would continue to pay workers in both countries salaries, as well as donate $5 million to its Employee Assistance Fund.
Other giants in their respective sectors like retail (Amazon) and streaming (Netflix) have already pulled the plug in what has become one of the largest collective political statements in memory, as well as added to the mounting difficulties faced by everyday Russians.
After two weeks of armed conflict, the U.N. estimates that approximately 2 million Ukrainians have been displaced, a number likely to grow without a resolution from the Kremlin. This week, President Joe Biden announced a ban on Russian oil, natural gas, and coal imports that could raise already record prices for everyday goods. Average consumers have little choice but to sit back and watch as this conflict continues to impact life on a global scale.

domain: news


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On January 23, 2020, Gargash Enterprises (Gargash) and Mercedes-Benz formally opened the first state-of-the-art service and bodyshop facility in the region in Al Quoz, Dubai. The inauguration ceremony was attended by eminent dignitaries like Samir Gargash, Chairman of Gargash Group; Matthias Luehrs, Head of Region Overseas Mercedes-Benz Cars, and Thomas Klein, President & CEO of Mercedes-Benz Cars Middle East.
The facility is based on the latest Mercedes-Benz customer experience concept and is meant to significantly enhance the speed and level of quality of customer experience. The opening of the new facility marks a major milestone in the transition from conventional workshops to the future of automotive customer service.
The customer service center has 75 parallel work-bays and is staffed by a dedicated service team of 113 factory-certified experts who have specialized in Mercedes-Benz, AMG, and Maybach vehicles. Customers will definitely benefit from the speed and quality of service that the new center will provide. Digital innovations at the new facility include optical recognition and tracking of number plates through the service process for achieving a new level of personalization and transparency.
Other notable features of the new facility include meeting spaces, the choice of semi-private and private consulting areas, and the opportunity to explore and enjoy the Mercedes-Benz lifestyle accessories boutique and coffee shop.
The service center is centrally located in Al Quoz and is easily identifiable by its illuminated revolving Silver Star. There are over 500 parking bays to provide easy and hassle-free access.
Commenting on the new center, Matthias Luehrs, Head of Region Overseas Mercedes-Benz Cars said that the new Mercedes-Benz Service Centre in Al Quoz marked another milestone in the long-lasting partnership between Gargash Enterprises and Mercedes-Benz. He added that with its innovative and future-oriented facilities, it offered the brand’s esteemed customers an outstanding service experience.
“The future of customer excellence is officially here. The first-of-its-kind service centre allows us to address radical changes which have emerged from the digital revolution and meet the evolving needs and expectations of our customers,” said Ivo Kapitzki, General Manager Mercedes-Benz Passenger Cars, Gargash.
Another main consideration when building the facility was sustainability and efforts have been made to make the facility as environmentally friendly as possible with the incorporation of features like solar panels, filtered drinking water, and elimination of plastics. The advanced solar panel array can produce almost a Megawatt of energy, making the facility self-sufficient in terms of energy. There is even surplus energy to feed power back into Dubai’s electricity grid.
The inauguration of the new service center is part of a broader strategy for Gargash. Other elements of the strategy includes investments in digital transformation, operational efficiency, and customer excellence. Another recent investment was the establishment of the Vehicle Preparation Centre operating in Jebel Ali, a strategically located 35,775 square meter facility where up to 2,000 vehicles can be safely stored and processed.
“This investment reaffirms the values and commitment of Gargash to elevate customer experiences and serve the people and the community with advanced and sustainable solutions,” said Samir Gargash, Chairman of Gargash Group.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
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The declaration of bankruptcy on Thursday by General Growth Properties Inc. will not affect the $25 million pledge to the Aspen Music Festival and School by company co-founder and Aspen homeowner Matthew Bucksbaum. “The gift is secure,” said Alan Fletcher, president and CEO of AMFS. “No part of it was in GGP stock…”The Bucksbaum stake in the country’s second-largest shopping mall owner was worth around $4.3 billion in March 2007.In December of that year Bucksbaum and his wife Kay happily pledged to give the Music Festival and School $25 million toward the redevelopment of its Castle Creek campus.On Wednesday, according to Reuters, the value of the Bucksbaums’ 69 million shares of stock in GGP was worth $72.45 million.
By Aspen Daily News Staff and Wire Report, April 17, 2009, ADN
See April 16, 2009: :General Growth Mall Titan (Aspen’s Bucksbaum Family) Files Chap 11, WSJ
Mall owner General Growth Properties Inc. sought bankruptcy protection early Thursday in one of the largest real-estate failures in U.S. history, capping a precarious, months-long effort to juggle the crushing $27 billion debt load it shouldered in past acquisition sprees.The long-anticipated Chapter 11 filing might wipe out what remains of the Chicago company’s stock, but it won’t result in mall closures. ..General Growth, which owns and manages more than 200 malls, is the second-largest U.S. mall owner by number of properties behind Simon Property Group Inc.
By Kris Hudson, April 16, 2009 WSJ


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Amazon’s efforts to build a drone delivery service, Amazon Prime Air, have thus far been restricted by its inability to run test flights in the US. However, CNET reports that the company has filed a petition with the Federal Aviation Administration (FAA) to conduct outdoor flights from its R&D lab in Seattle.
Currently, hobbyists and drone manufacturers are allowed to fly drones in the US, but commercial businesses are restricted from doing so. Amazon’s filing is requesting an exemption on the grounds that it’s in the “public interest” because Prime Air fits the FAA’s own goal to get commercial drones up in the air.
Amazon revealed in its letter that it’s working on eighth- and ninth-generation vehicles that can travel at speeds of 50 miles per hour. The firm’s Prime Air R&D team includes a former NASA astronaut and other experts in robotics and aeronautics. When he unveiled the program late last year, Amazon CEO Jeff Bezos speculated that the program, which aims to make deliveries in under 30 minutes, could launch in the next 4-5 years.


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Lagonda's release is set to the 102nd celebration of the name it wears. The word of a new edition of the century old brand has been around since late last summer.
"Lagonda will have its own niche with luxurious and truly versatile products suitable for both existing and emerging markets," Ulrich Bez, Aston Martin CEO was quoted as saying last September. The car is set to make its first trip on the road sometimes in 2012.
Word on the street is that it will be some type of 4x4 or a sedan. It is supposed to be a car to be bought and used by wealthy people who don't like to drive their DB coupe models through the winter snow and cold.
"Lagonda models would be vehicles that could be used all year round in markets such as Russia where specialized sports cars such as Aston Martins could only be used for three or four months each year", said Aston Martin spokeswoman Janette Green as reported by Autonews.
If the car is truly meant to be a wintertime 4x4, this could mean the beginning of a new era in automotive design. After this, maybe we could whiteness the birth of night time cars, that glow in the dark, cars to be used for going to work, vehicles for Sunday church, cars to match the woman in the right seat and so on...


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Tesla’s center display is showing a massive performance improvement with its new AMD Ryzen chip. Hopefully, it will make it into more vehicles.
As we reported last week, Tesla has started deliveries of the Model Y Performance in China.
For Tesla followers outside of China, it was nothing too exciting since the Model Y Performance has been in production for years at Fremont Factory for the North American market.
But the Model Y Performance in China is a new version built at Gigafactory Shanghai, and it’s expected to feature a few changes.
We reported on one that was quickly spotted by new buyers taking delivery: Tesla introduced an AMD chip for the media computer (MCU).
It replaces an Intel Atom chip that currently powers the center display of most Tesla vehicles, apart from the now Model Y Performance made in China, and in the new Model S and Model X, which are also powered by a new AMD chip.
Now we get a first look at how much better the new AMD chip is in a side-by-side comparison with a Tesla vehicle equipped with the Intel chip:
They ran tests by looking at how long it takes to fully load apps like Youku and Bilibili on both media centers.
As you can see, the new AMD chip shows a massive performance improvement by being more than twice as fast while opening the apps.
They also tested Tesla’s native navigation and map apps, which also show massive improvement in buffer speed and map load time.
That’s awesome. We are not quite yet talking about desktop and smartphone speed, but it’s getting quite close.
Now the question is: Is Tesla moving the new AMD chip to more vehicles?
For now, it sounds like it’s just in the Model Y Performance in China and new Model S/X vehicles produced at Fremont Factory.
I think we will see them in new cars, but I don’t know how soon.
Tesla has shown that it is aware of the importance of computing power inside its vehicles going forward, and much like the rest of the personal computing industry, it’s going to regularly update its computers with more performance.
That’s both for driver-assist/self-driving systems and for the media center.
FTC: We use income earning auto affiliate links. More.


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January 15, 2019 – Magna International Inc. says it expects its sales this year will be weighed down by a stronger U.S. dollar and the sale of its fluid pressure and controls business.
January 14, 2019 – The government of Canada has announced an investment of more than $5 million to two Windsor, Ontario automotive companies to develop and adopt innovative technologies, scale up and create more than 150 jobs.
January 14, 2019 – A spokeswoman for Ontario's premier says Doug Ford will use a trip to a Detroit auto show to meet with executives from General Motors and several other automakers today.
January 11, 2019 – Autoworkers from across Ontario vowed Friday to keep fighting General Motors' plans to shutter a prominent plant in the province as the company announced an improvement to its financial forecast for the year ahead.
January 11, 2019 – General Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for this year as it executives made a presentation to investors on Friday.
January 11, 2019 – Autoworkers from across Ontario are set to rally in Windsor today across from the General Motors headquarters in Detroit.
January 10, 2019 – The headwinds buffeting the global auto industry made themselves felt in Europe on Thursday as mass-market carmaker Ford and luxury-focused Jaguar Land Rover announced sweeping restructurings that will cost thousands of jobs.
January 10, 2019 – Transport Canada has announced new rules for remotely piloted aircraft systems, more commonly known as drones.
January 9, 2019 – FreePoint Technologies, provider of software for the Industrial Internet of Things (IIoT) to manufacturers worldwide, has acquired CoreSolutions, a software development company with offices in London, Ontario and Toronto.
January 9, 2019 – Bombardier Inc. has signed a US$669-million deal to provide 113 commuter rail cars to New Jersey.
January 9, 2019 – Unionized workers at the General Motors assembly plant in Oshawa, Ont., are holding another sit-down protest over the planned closure of the facility.
January 8, 2019 – General Motors says it has rejected various proposals by Unifor to keep the Oshawa Assembly Plant open past 2019.
January 4, 2019 – The new year brings with it tax changes at the federal level that will affect just about every Canadian, as well as small businesses.
January 4, 2019 – Industrial automation companies Rockwell Automation and Emerson have both taken top honours in the second annual IoT Breakthrough Awards, which recognize the leading companies, technologies and products in the global Internet of Things (IoT) market.
January 3, 2019 – The United Auto Workers union is accusing General Motors of violating a national contract by using temporary workers instead of employing full-timers who were laid off from its factories.
Make IT Secure 2019: Cybersecurity in Manufacturing
April 25, 2019
Partners in Prevention 2019
April 30-1, 2019
Advanced Design & Manufacturing (ADM) Canada
June 4-6, 2019
PDTA Canadian Conference
June 5-7, 2019
APMA Annual Conference & Exhibition 2019
June 12, 2019
Avnet IoT Workshop
June 16, 2019


text: The stock market with all of its intraday gyrations finishes the week up nicely. Following a decline on Monday, the last three days have culminated in a 1.8% rise in the S&P 500. In contrast to last week, when good news was bad, investors decided the liked the sound of a roaring economy, especially if Fed Chairman Ben Bernanke doesn’t drown it out with the inflation drum. On Tuesday, the government reported the strongest monthly gain in retail sales in nearly two years confirming that the economy is as strong as ever. The Dow industrials rose 136 points, or 1.25% to 11028.


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- What should you not buy from China?
- Why is Walmart out of meat?
- How is Taco Bell meat made?
- Does target buy from China?
- Who supplies walmarts beef?
- Does Walmart meat come from Mexico?
- Did China buy Walmart 2019?
- Does US import pork from China?
- What company owns Birdseye?
- What foods does the US import from China?
- Does Walmart food come from China?
- Is Birdseye from China?
- Who owns Walmart now 2020?
- Can you buy food at Walmart?
- Where does Tyson get their beef?
- Where does Walmart Canada get their beef?
- Where does Walmart get their food from?
- Where does Walmart get its bananas?
- What companies do Walmart own?
- How can I avoid buying food from China?
- Is food from China safe?
What should you not buy from China?
On the Radar: 10 Dangerous Foods from ChinaPlastic Rice.
In 2015 we imported 138 million pounds of garlic- a fair chunk of it labeled as “organic”.
Imported Chinese salt may contain industrial salt.
Tilapia has been a highly marketed fish over the last decade.
Green Peas/Soybeans.More items….
Why is Walmart out of meat?
Walmart creates Angus beef supply chain, cutting out meat processors. (Reuters) – Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry.
How is Taco Bell meat made?
What is Taco Bell’s Seasoned Beef Made Of? We use 100 percent USDA premium beef in our seasoned beef. We prepare it much the same way you prepare taco meat at home: after simmering, it is drained of excess fat and pre-seasoned with our signature blend of 7 authentic seasonings and spices.
Does target buy from China?
By the end of the first half of this year, China had bought about 23% of the total purchase target of more than $170 billion for goods in 2020, according to Bloomberg calculations based on Chinese Customs Administration data.
Who supplies walmarts beef?
In addition to FPL Foods, Walmart is working with best-in-class suppliers on its Angus Beef supply chain. This includes Texas rancher Bob McClaren of Prime Pursuits, who is helping source cattle from raised on family farms and ranches, Mc6 Cattle Feeders on feed and Creekstone Farms on processing.
Does Walmart meat come from Mexico?
Wal-Mart has indicated an interest in expanding sales of beef in its central region, which includes Mexico City . Wal-Mart sources all of its pork from Mexican suppliers, but some of these suppliers import pork from the United States. Wal-Mart hopes to increase the share of pork as a percentage of its total meat sales.
Did China buy Walmart 2019?
Our ruling: False. We rate this claim FALSE because it is not supported by our research. Walmart was not sold to a Chinese firm, as any rudimentary online search will show. The only supporting “evidence” online comes from a 6-year-old story — on a satire site.
Does US import pork from China?
No matter what brand you buy, you can be confident that the US Department of Agriculture does not allow any pork or pork products to enter our country from China. … All our U.S. products are made in one of our nearly 50 facilities across America,” according to Smithfield Foods’ website.
What company owns Birdseye?
ConAgra Brands (CAG) — the food giant that owns Chef Boyardee, Hunt’s and Orville Redenbacher’s as well as Marie Callender’s — is buying Pinnacle Foods (PF), the parent company of Birds Eye, Duncan Hines, Vlasic and the Hungry-Man frozen food brand.
What foods does the US import from China?
The top U.S. import commodities from China are fruits and vegetables (fresh/processed), snack food, spices, and tea – the combined which accounts for nearly one-half of the total U.S. agricultural imports from China.
Does Walmart food come from China?
Walmart China “firmly believes” in local sourcing with over 95 percent of their merchandise coming from local sources. In America, estimates say that Chinese suppliers make up 70-80 percent of Walmart’s merchandise, leaving less than 20 percent for American-made products.
Is Birdseye from China?
Chicago, Illinois, U.S. Birds Eye is an American international brand of frozen foods owned by Conagra Brands in the United States, by Nomad Foods in Europe, and Simplot Australia in Australia.
Who owns Walmart now 2020?
Walton familyWalmartWalmart’s current logo since 2008Exterior of a Walmart storeTotal equityUS$74.66 billion (FY2020)OwnerWalton family (50.85%)Number of employees2.2 million, Worldwide (2020) 1.5 million, U.S. (2017) 700,000, International21 more rows
Can you buy food at Walmart?
Whatever your dietary goals or requirements are, you can easily find foods that meet your needs at Walmart. Just filter your search by dietary need and you’ll find a large selection of delicious foods.
Where does Tyson get their beef?
We don’t own or operate any feedlots, so we buy cattle from nearly 4,000 independent feeders and ranchers. They supply our beef plants in the Midwest, South and Pacific Northwest. We buy pigs from up to 2,000 independent farmers to supply our pork plants in the Corn Belt.
Where does Walmart Canada get their beef?
“By committing to only carrying Canadian AAA Angus Beef, Walmart is telling beef farmers from coast-to-coast they recognize and appreciate premium-grade quality beef and so do their customers,” said Martin Lemoyne from Canada Beef.
Where does Walmart get their food from?
Walmart estimates that it purchases more than 70 percent of its produce from U.S.-based suppliers, making the company the biggest customer of American agriculture. This year, Walmart expects to source about $400 million in locally grown produce from farmers across the United States.
Where does Walmart get its bananas?
Bananas come from Mexico or Central America. They traveled a total of 1,717.2 miles and kept at a temperature of 53 Fahrenheit. And the Bananas are organic. Rainier Cherries are from Washington state and travel about 2,600 miles.
What companies do Walmart own?
Walmart Inc. is the largest retailer in the world and one of the five largest corporations in the world by sales….Todo Dia.Nacional (Sonae)SuperMarket (Bompreço)Walmart Supercenter.Maxxi Atacado (Sonae)BIG (Sonae)HyperMarket (Bompreço)Sam’s Club.More items…
How can I avoid buying food from China?
You can lower your chances of eating foods with Chinese products by staying away from all processed foods and eating fresh “whole foods,” such as fruits and vegetables. Many grocery stores are beginning to label where their fruits and vegetables are grown.
Is food from China safe?
Imports from China have drawn the most criticism. But China has no monopoly on tainted food. “The food safety standards in China and other countries aren’t as high as they are in the U.S.,” says Chris Waldrop, director of the Food Policy Institute at the Consumer Federation of America.


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Infarm is making a significant strategy shift and accelerating its drive towards profitability. We are focusing on Growing Centres where we have a clear path to profitability in 2023 and consolidating those where this cannot be achieved in the near term.
Infarm, the rapidly growing global urban farming company, today announced the establishment of its third Growing Center in the US and the largest Infarm Growing Center to date.
Infarm, the rapidly growing urban farming company with a global and North American presence, is going to establish a second Growing Center in the U.S. in Kyle, just 20 minutes outside of downtown Austin, Texas.
Infarm, a rapidly growing urban farming company with a global presence, announced today that it has raised $200 million in a Series D funding round.
Infarm, the rapidly growing urban farming company with global and North American presence, has appointed Suzy Monford as Retail Advisor to support the company’s expansion road map in the U.S. and Canada.
Infarm and Sobeys Inc. have announced a new agreement to accelerate the availability and distribution of fresh produce to an additional 4 of Canada's 10 provinces by 2023.
Greg and Pamela discuss industry events affected by coronavirus, and the one thing that's not: how to wash your produce.
Empire will place farms in stores across seven cities in Canada, (Calgary, Edmonton, Halifax, Toronto, Vancouver, Victoria, Winnipeg ) growing millions of hyper local plants for our customers. The first two stores are planned for Vancouver this spring.
The living produce farms will launch this month at two of the 15 stores planned at QFC – a Kroger banner – at locations in Bellevue and Kirkland, Washington.


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Major leisure fashion retailer Fat Face is opening a store in Spalding’s Springfields Shopping Outlet next month.
The lifestyle clothing and accessories shop will take over the unit currently occupied by Works, with the books and stationery shop moving into the empty unit that formerly housed Dragon Carp.
Our recent additions, added to names like Radley, Skechers, Gap and Marks and Spencer, are proving to be very successful with our relatively affluent and extensive catchment
Springfields beat off stiff competition from other top UK outlet centres to secure the prestigious retailer.
The news follows on from the recent investment in the Blue Diamond-run Home and Garden Centre and the letting to leading fashion retailer Next in February. And Springfields say that more big names are in the pipeline.
The Spalding store is due to open at the end of September and will be one of Fat Face’s largest outlet stores in the country.
Head of Springfields Ian Sanderson said: “This represents a significant part of the strategy in repositioning Springfields Outlet as a more affluent and top standard outlet centre.
“The centre has enjoyed 11 years of continued growth and this is now set to accelerate.
“Our recent additions added to names like Radley, Skechers, Gap and Marks and Spencer, are proving to be very successful with our relatively affluent and extensive catchment”.
The current Works store will remain open until its new store is ready next week.


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Sprint braced for cost cutting
US carrier Sprint is reportedly set to cut as much as $2.5 billion in costs over the next six months.
According to a memo seen by The Wall Street Journal, the company needs to cut between $2 billion and $2.5 billion in costs and has announced an external hiring freeze.
Sprint CFO Tarek Robbiati is reported to have said in the memo that the cuts will inevitably result in job reductions.
The leaked memo prompted an official statement from Sprint which claimed that changes to its cut structure were aimed at “creating a superior network, being the price leader and providing an amazing customer experience”.
“We have begun an effort to significantly take costs out of the business so the transformation of the company will be sustainable for the long-term. It is likely that some jobs will be impacted but it’s premature to discuss the details as we are in the early stages of the process,” the statement continued.
Earlier this week, Sprint announced that it would not be participating in the FCC’s 600MHz incentive auction due to be held in early 2016. The company said it had sufficient holdings to meet customer needs but the decision has been criticised by analysts.
In August, the carrier reshuffled its senior management team with the appointment of new finance, operation and technology chiefs.


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WordCamp US 2022 is September 9-11th in San Diego, California!
It’s been a few years since the last in-person WordCamp US, and people are excited to be reunited in sunny San Diego this weekend. Tickets sold out in one day as the entire WordPress community is looking forward to learning, networking, and hanging out at the many after parties. If you can’t make the event, you can still ‘attend’ virtually by live streaming the event on their website or by participating in contributor day in the ‘Make WordPress’ Slack. Twitter will be very active around the event, so follow the hashtag #WCUS2022 to stay up to date on all the latest news.
Huge shoutout to our designer Jason McClintock. As one of the main designers on the team, Jason played a huge hand in the logo design, website design, and wayfinding signs.


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American Airlines creates ticket sale system to reduce distribution costs
Published 10:00 pm, Wednesday, September 25, 2002
FORT WORTH, Texas -- AMR Corp.'s American Airlines, the world's largest carrier, has created a system to give more travel agencies access to its lowest Internet fares and cut distribution costs in half over the next five years.
The EveryFare program grants traditional travel agencies in the United States and Canada access to low fares that had been offered only on its own Web site and low-cost distribution channels such as Travelocity.com and Orbitz Inc.
In exchange, the agencies will share the cost of distribution fees that airlines typically pay.
American is examining all its business practices to find ways to lower expenses.
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All agencies joining the program would reduce global distribution system costs to $200 million from $400 million by 2007, Chief Executive Officer Donald Carty told airline analysts yesterday in New York.
AMR, which has headquarters in Fort Worth, lost $1.07 billion, or $6.90 a share, in the first half of this year.


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A popular smartphone app used to conduct foreign exchange transactions known as MetaTrader (or MT4 or MT5, depending on the version), was quietly removed from the Apple App Store last Friday. As of this writing, the app remains available on the Google Play Store.
The app, made by a Cyprus-based company called MetaQuotes, has been used to perpetrate a new type of cryptocurrency fraud, known as pig slaughter, in which the fraudster builds a long-term relationship with his victim before persuading him to invest the money. time. One of the key elements of the scam is the use of fake cryptocurrency apps and websites, which claim to show the victim that they are making money from their investments, when in reality the scammer has taken everything.
Apple’s ban on MetaTrader comes after two weeks Forbes Profile of a California-based scam victim, who lost more than $1 million last year. This victim, known as Cy, made all his alleged trades on the MetaTrader app, which showed him fake returns. At the time, Apple spokesperson Adam Dima said the company was investigating MetaTrade and was looking at additional measures to protect App Store users if necessary.
MetaQuotes did not respond to Forbes Comment request. Daniel Delnero, an Atlanta-based attorney with Squire Patton Boggs, has reported Forbes Late Sunday evening that his company now represents MetaQuotes, did not respond to it Forbes Comment requested before press time. The company has previously never responded to multiple emails sent to the company’s email addresses. There are no phone numbers listed in Contacts page For any of the company’s multiple offices around the world.
Neither Apple nor Google responded to requests for comment.
Existing installations of MetaTrader on iOS devices continue to work. However, there are some reports on Twitter of users claiming to sell iPhones with the app pre-installed for $15,000 in one case, or an ‘starting price of £5,000,’ or10 thousand dollars from OBOabbreviation for ‘or best offer’.
as such Forbes As mentioned earlier, MetaTrader, which offers licenses for its software, enables legitimate trading by actual brokerage firms. It is a neutral trading platform, used by mainstream forex traders like Oanda. But to me The Global Anti-Fraud Organization (GASO), an advocacy group for fraud victims, MetaTrader also allows licensees to use a specific plug-in, known as a virtual proxy, which can be used by fraudsters to “manipulate market prices and simulate account balances, profits or losses. It all seems And it feels real, but it’s all a fabrication,” according to A Report from GASO.
MetaTrader has not provided any explanation for how unscrupulous players use the software to spot fake trades, nor what actions, if any, they have taken to mitigate this behaviour.
In July, the Chairman of the Senate Banking Committee, Senator Sherrod Brown, wrote letters To Tim Cook, Apple CEO and Google CEO Sundar Pichai on how companies are evaluating and eventually allowing fake crypto apps to proliferate in their app stores.
In a WhatsApp text message sent late on Sunday evening, Cy, the victim who still hasn’t been able to recoup any of his losses, said he was happy to remove Apple’s trading app. said earlier Forbes A big part of the reason why it’s a download is that it has positive reviews and can be found in the Apple App Store.
“The time has come,” he wrote. “How many more victims have fallen before our voices can be heard! [It’s] The right thing to do. But [it] Don’t make me feel any good because the damage has been done.”
Jan Santiago, GASO’s deputy director, said the organization was “happy” that the app had been removed.
“If MetaTrader doesn’t do anything about serious issues raised by users who trust them, the responsibility lies with platforms like Apple and the Google Play Store that list MetaTrader,” he wrote in an email.
#Apple #removes #trading #app #linked #cryptocurrency #scams #App #Store


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Patrón launches 2019 Margarita of the Year contest
Bacardi-owned Patrón Tequila has launched its 2019 search for the Margarita of the Year, giving members of the public the chance to vote on their favourite creation.
Patrón’s Margarita of the Year contest features eight twists on the classic Tequila-based cocktail, each influenced by the local area of its creator.
To create the Margaritas, Patrón recruited bartenders from around the world, including Jacyara de Oliveira in Chicago, Adrian Martinez in Guadalajara, Cristian Bugiada in Rome and Jay Khan in Hong Kong.
This year, consumers will be able to choose from the Paseo Margarita, made with coconut and basil; the Pasifika Margarita, which contains pineapple and coconut; the Golden Hour Margarita, containing turmeric and pineapple; and the Flamingo Park Margarita, which contains grapefruit.
This year’s selection of Margaritas also includes the Margarita Caliente, with passion fruit and chipotle; the Margarita Amore, which contains apple and chilli pepper; Dynasty Margarita, made with lychee and ginger; and the Wild Rose Margarita, which includes juniper and rose.
Lee Applbaum, global chief marketing officer at Patrón Tequila, said: “There’s tremendous merit in a bartender who can craft a simple, classic Margarita with the finest quality and freshest ingredients, but these eight bartenders have truly transformed them into masterpieces.
“Using inspiration from local ingredients, stunning garnishes and, of course, the perfect Tequila – Patrón – these globally inspired drinks are elevated into true works of art.”
Margarita fans can vote for their favourite creation at margaritaoftheyear.com, with the triumphant Margarita being crowned the winner on 25 April in a global final at Patrón’s brand home Hacienda Patrón in Jalisco, Mexico.


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Good news for forgetful car owners worldwide: Google Maps can now remember where you parked your car. The feature was originally launched in a Google Maps beta for Android, but has now been officially rolled out onto both Android and iOS versions of the app.
The function’s pretty simple: just save your parking spot, and a label will appear on your map. You also have the option to set a timer (lest you get a ticket), send your spot to a friend, or save a pic of the location.
To get the new feature, simply update Google Maps on your Android or iOS smartphone.
Speaking of Google, the tech giant also recently unveiled a Fact Checker to stop the spread of fake news.
- Source: Mashable


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pMTJ STT-MRAM developer Avalanche Technology announced that its latest 3rd-Gen MRAM devices are now in production at its foundry partner, United Microelectronics Corporation (UMC). The company says that its new MRAM chips offer significant density, endurance, reliability and power benefits over existing non-volatile solutions.
Avalanche's new Parallel x 32 series is offered as a standard product in various density options and has asynchronous SRAM-compatible read/write timings. Avalanche also says that it will soon start developing 16Gb MRAM chips.
Avalanche's new chips offer >1014 write cycle endurance and 1,000-year retention (at 85°C). There are two density options, available in a small footprint 142-ball FBGA (15mm x 17mm) package. The devices are offered in the extended (-40°C to 125°C) operating temperature range with a JEDEC qualification flow.
Avalanche started shipping its Serial P-SRAM STT-MRAM memory devices in September 2020. In May 2021 the company announced it started shipping space-grade 16Mb - 64Mb devices. In 2019 Avalanche Technology announced a $33 million funding round led by Thomvest Ventures.


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Goodwill auction site bringing in money for Southwest Florida
FORT MYERS: Local stores that rely on your generosity are staking out new territory in cyberspace. And it's a success story unique to Southwest Florida.
The site is run by the Southwest Florida branch of Goodwill. It operates like eBay and even looks like it.
Southwest Florida Goodwill stores give up their 25 best donations every week to be put on an online auction.
Most bids start at $4.99 and people from all over the world can bid on items donated in Southwest Florida.
"We don't have a large customer base like eBay, so things aren't gauged up in price as much and you're dealing with a store instead of a possibly untrustworthy individual," said Tonia Ryan-Jones of Goodwill.
Last month, the online sales brought in over $20,000 and 85 percent of that money stays right here in Southwest Florida to pay for job training and schooling for the disabled.
Click here to check out the site.


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German Environment Agency (UBA) chief Dirk Messner on Tuesday called for consumers to enjoy their coffee in reusable cups and end the “flood” of packaging littering public spaces.
“Recyclable cups, for example for coffee, must become the norm, and whoever takes away meals should do so in recyclable containers,” he said. “It is best to use immediately recycled raw materials for production.”
The latest UBA data — from 2018 — attributed 228 kilograms (503 lbs) of packaging to each of Germany’s 83 million residents, counting waste along the complete manufacturing-and-sales chain.
Overall, the agency estimated that Germany’s packaging consumption had increased by 17.9% since 2010.
Private individuals generated 47% of Germany’s packaging waste. That amounted to 108 kilograms per capita, or 8.9 million tons nationwide.
That was 20.6% more than packaging consumed privately in 2010, said the UBA, blaming trends toward smaller doses and re-sealable foodstuff wrappings.
These functioned with elaborate seals, however, leading to higher material usage.
The UBA also cautioned that its sampling predated the coronavirus crisis, but surmised that future data on 2020 would reflect more packaged takeaways from eateries.
On the “good news” flipside, the agency said more than two-thirds (69%) of Germany’s packaging waste in 2018 ended up being recycled — thanks to German propensity to deposit waste in color-coded “wheelie” bins and trash boxes.
The rest was used “energetically” meaning it was incinerated at waste fuel plants to capture residual power.
“Even though Germany continues to be one of the pioneers in the recycling of packaging, there is still room for improvement,” urged the UBA.
Least recyclable at only 25% were wooden products. Almost half of plastics (47%), including wrappings around foodstuffs, were recycled.
Top recycling marks went to steel — from tin cans, for example — at 92%; aluminum at 90%, paper and cardboard at 88% and glass on 83%.
In line with an EU push for “circular economies” and its European Packaging Directive, Germany in 2019 adopted a packaging law requiring higher recycling quotas.
Those legislated quotas — differing somewhat in calculation from the UBA’s 2018 data — now require industry to recycle 58.5% of plastic packaging, rising to 63% in 2022.
The UBA said its calculation methods, when it filed 2020 data in the future, would be adjusted to comply the EU Packaging Directive to account for contamination in plastics that make portions unfit for recycling.
Under proposals put forward at the beginning of 2018, British Prime Minister Theresa May says she is hoping to eradicate avoidable plastic by 2042. Her outline plan to create a “cleaner, greener Britain” includes a suggestion to encourage supermarkets to introduce plastic-free aisles.
Attitudes towards plastic bags are changing across Europe. Governments in many countries including Luxembourg and Denmark have slapped a tax on single use carriers, while individual supermarkets in Germany are increasingly removing them from their shelves in favor of more durable reusable alternatives.
Kenya went a step further in August 2017, when it made it illegal to produce, sell or use plastic bags in the country. At the time it came into force, the nation was estimated to be using some 24 million bags a month. Anyone violating the restrictions faces up to four years in prison or a fine of €31,616 ($38,000).
Zimbabwe has also made changes to its packaging policies. It has outlawed styrofoam containers for fast food in order to create space for more environmentally-friendly alternatives such as paper or corn-based containers. Ahead of implementation, snack bar owners were encouraged to offer their customers a place to sit in and eat.
The Scottish government has announced plans to outlaw both the sale and manufacture of plastic-stemmed cotton ear buds, which all too often are flushed down the toilet and end up in the sea. Alternatives made entirely from biodegradable materials would still be allowed.
ipj/rt (dpa, AFP)


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CALGARY, Aug. 3, 2017 /CNW/ - A leading Canadian producer of healthy, gluten free and organic pasta, Chickapea Pasta, has received an investment from District Ventures Capital, the Venture Capital fund established by Dragon's Den star Arlene Dickinson.
Chickapea Pasta has revolutionized the pasta industry by developing a healthy and tasty alternative to the dinner-time-classic. Made from just two ingredients, chickpeas and lentil flour, Chickapea pastas are gluten free, non-GMO Project Verified, certified organic and vegan, and offer an amazing 23 g of protein.
The company's line of healthy pastas has gained traction with independent, regional and national grocers across Canada and the United States. Chickapea Pasta, together with District Ventures Capital, is looking to build on this momentum with the introduction of its second product line, a delicious Macaroni & Cheese, which will launch in the fall – just in time for back-to-school.
The investment by District Ventures Capital, which completes Chickapea Pasta's growth financing, comes on the heels of an eventful 2017 for the company, and its founder, Shelby Taylor.
In May, Taylor completed a six-month program at Canada's leading business accelerator for consumer packaged goods companies, District Ventures Accelerator. During that time, Taylor increased sales and expanded distribution into the U.S. market. Now Taylor has inked a deal with Canada's leading venture capital fund for consumer packaged goods (CPG) companies.
"Chickapea Pasta is exactly the kind of company we're looking to invest in: an innovative product that challenges the traditional food industry by offering consumers healthy alternatives; a strong track record of sales, and an incredible entrepreneur that's built a great company," said Dickinson.
District Ventures Capital is part of an ecosystem of support that delivers capital, mentorship and marketing to innovative CPG companies. Founded in 2015 by Arlene Dickinson, District Ventures Accelerator, District Ventures Capital, and Venture Communications operate with the sole purpose to turning successful companies - like Chickapea Pasta - into globally respected brands.
SOURCE District Ventures Capital
For further information: please contact: Justin Burrows | 416-276-7699 | [email protected]


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BBC TV licence fee for over 75s branded a 'scandal' by Anderson
TV licence scams have unfortunately circulated recently, drawing thousands of people in. Many of these scam emails can be particularly convincing, and so it is important for Britons to be aware of the warning signs. Doing so can ensure they can keep on the lookout, especially when it comes to this new and dangerous scam email.
The latest correspondence seems to be from the official ‘TV Licensing’ company, which appears in the ‘from’ line of the email upon receipt.
It informs Britons they have “overpaid” their licence, and are entitled to receive a refund of a substantial amount, likely to lure in unsuspecting victims.
The email reads: “Under the last assessment, we investigated your payments for the last two years, and our calculations show you made overpayments of £942.57.
“Due to the high volume of refunds, you must complete the Payment Return Form.
TV Licence: Warning as Britons targeted by scam email offering £900 - be alert
“Please make sure you complete the form correctly. To open your refund claim, please submit your online application below.
“You can view, download or print your licence on our website. Please keep a record of your licence number as you’ll need this whenever you log in.”
The email is complete with the official TV Licensing logo, as well as professional-looking photographs which seem to be a tactic to enhance the legitimacy of the message.
However, the email is far from real, and is simply a sophisticated phishing exercise, designed by scammers to harvest the personal details of Britons.
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When clicking the link for such emails, people are often asked to enter their credit or debit card information to ‘action’ the repayment.
From there, criminals use the website to steal this information and use it for nefarious purposes, such as identity theft.
In worst case situations, people may even have their bank account wiped, or sums of money stolen.
For this reason, individuals should not click links which are attached from emails which pop up out of the blue.
The TV Licensing company has urged Britons to keep safe as many of these emails and text messages with a similar approach have circulated recently.
People should be on the look out for spelling errors, unofficial email addresses, and correspondence which urges Britons to act right away.
Such signs often point towards scam correspondence and can help people to protect themselves.
Several of those affected went online to share their experiences and warn others to keep vigilant.
One said: “Got an email this morning from ‘TV Licensing’ but it looks like a scam.
“It’s regarding a refund for £942. It bypassed my spam and hit my main mailbox, so some people might think it’s legitimate if they get it too.”
Another quipped: “The attention to detail in this scam email had me thinking I even pay for a TV Licence.”
And a third person stated: “If you get any emails from companies like ‘TV Licence’ etc. asking you to click the link to claim refund or to check your account - BE CAREFUL!
“Safest thing to do is open a browser and type in the URL of the company and login the official way.”
Unfortunately, the well-known name of TV Licensing has been exploited, particularly recently.
Fraudsters may be capitalising on the changing rules of the TV Licence, notably the fact most over 75s now have to pay for a licence.
The free TV Licence is now only available to over 75s who are entitled to Pension Credit.
Britons can log-in to the official TV Licensing website to action their application for a free licence.
The company has explained that if a person has been paying for a licence when they were eligible for a free over 75 licence, they may be due a refund.


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Firefox Losing Market Share
Internet stat company NetApplications released news claiming that Firefox has lost marketshare for the first time since its 1.0 release.
Firefox’s share shrunk to 8.07 percent from 8.71 percent in June, while IE grew its market slice to 87.20 percent in July from 86.56 percent last month.
Between January and June of this year, Firefox had posted monthly market share gains of between 0.5 percent and 1 percent at the expense of IE, according to NetApplications.com, which compiles its browser usage data from more than 40,000 Web sites monitored by its HitsLink.com service.
Could this be because of the IE7 Beta? Although it is a loss, it seems like a small loss.


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NETS, SingTel and UOB Launch a NFC Pilot in Singapore Using ViVOtech’s OTA Technology
ViVOtech Enables First Real-Time Coupon Redemption System as Well as Stored Value Purse and Over-The-Air Top-Up for NFC Mobile Phones
SANTA CLARA, Calif.--(AllPayNews)--Silicon Valley-based ViVOtech, the leader in Near Field Communication (NFC) and contactless payment systems, announced today that its NFC mobile payment wallet, Over-the-Air (OTA) payment, coupon delivery and redemption technologies are being used jointly by NETS, SingTel and United Overseas Bank Ltd. (UOB) for an ongoing NFC mobile phone payment trial in Singapore. The solution is the first in which users simply open a coupon on their NFC-enabled phones and flash it to a NETS FlashPay reader for automatic redemption. The trial also introduced the first Stored Value Purse in Asia on NFC mobile phones and Over-the-Air (OTA) servers to enable downloading and top-up of stored value accounts on the NFC phones, as announced in September 2007.
“We are gratified to have been selected for this innovative pilot by NETS & SingTel,” said Michael Mullagh, ViVOtech CEO. “Consumers are excited to use their mobile phones to make payments and participate in promotion programs. At ViVOtech, we are building solutions that support the entire NFC ecosystem so users can make everyday payments, ride transportation, secure ticketing and get savings coupons easily through their mobile phones.
“NETS’ long partnership with ViVOtech on contactless readers and mobile phone payments continues to pay off as we deliver our customers cutting-edge applications for payments and promotions. ViVOtech’s software products for NFC-based mobile phone couponing and payments, completed with Over-the-Air capabilities, further extend the value of the NETS products we already deliver in this region.”
In the pilot program, SingTel users can download a SingTel wallet application that will allow them to store and top up value on the mNETS payment application in their phones at any time. Users are then able to make payments using NETS FlashPay by merely flashing their SingTel mobile phones at more than 500 participating merchants islandwide, each one equipped with ViVOpay 5000 NETS FlashPay contactless terminals. Topping up of the mNETS card is performed over the air anytime and anywhere from the phone after registration of a SingTel-UOB credit card.
The SingTel wallet is also equipped with an electronic coupon application that provides SingTel customers with discounts and other incentives and freebies. A simple flash of NFC-powered mobile phone on mNETS posters or at other smart billboards will initiate an OTA download of the mNETS Coupon that is affiliated with the promotion. Again, users simply flash the Coupon on NETS FlashPay readers for the coupon to be automatically redeemed.
The mobile payment initiative is part of NETS’ and SingTel’s vision of bringing mobile payments to Singaporeans. NETS is studying this initiative under its broader mNETS strategy to make mobile payments pervasive across the Singapore economy.
To date, ViVOtech has enabled more than 25 NFC phone trials globally. ViVOtech’s NFC mobile payments, promotions, Over-The-Air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters and contactless terminals are part of the company’s portfolio of solutions that complement and complete mobile ecommerce networks and its ecosystem. For more information on ViVOtech’s solutions, please visit www.vivotech.com.
ViVOtech (www.vivotech.com) is the market leader in near field communication (NFC) mobile payments, promotions and Over-the-Air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters, and contactless terminals. These innovative solutions allow millions of consumers to make contactless payments with radio frequency-enabled credit/debit cards, fobs and NFC mobile phones. ViVOtech's products are used by the most prominent retailers all over the globe and today the company has shipped over 450,000 contactless terminals to more than 30 countries worldwide. In 2007 & 2008, ViVOtech was named #1 in ABI Research’s Contactless/NFC Reader Ranking Report. ViVOtech was also recognized as Top Contactless Payment Technology Vendor in Aberdeen Group’s “Retail Contactless Payment Report.” ViVOtech has received strategic investments from First Data Corporation, a leading provider of electronic and payment solutions for businesses worldwide, Citi, the leading global financial services company, NCR Corporation, a leading global technology company helping businesses build stronger relationship with their customers and Motorola, known globally for innovation and leadership in wireless and broadband communications.
NETS celebrates its 23rd Anniversary in 2008. The company was founded in 1985 to operate and manage an on-line debit payment service. It has since pioneered Singapore’s move to cashless society and grown from a single to a multi–service organisation, providing a comprehensive range of electronic payment services.
Based in Singapore, NETS is expanding internationally with a vision to be the preferred world-class solutions provider for payment and processing services, accepting multi-media and multi-channel transactions on behalf of companies, institutions and individuals around the world. NETS products and services are currently marketed throughout Asia, including China, Hong Kong and South East Asia.
NETS provides merchants, banks and consumers with fast and convenient electronic payment services for carrying out everyday transactions. With a willingness to push new technology frontiers, NETS is continuously developing new payment solutions to create an integrated multimedia platform that allows payments to be made seamlessly across mobile, wireless and physical arenas. With a growing range of payment services, NETS is poised to become the integrated payment gateway for Asia.
Find more information on NETS and its payment services at http://www.nets.com.sg.
SingTel is Asia's leading communications group providing a portfolio of services including voice and data services over fixed, wireless and Internet platforms. It has a network of 37 offices in 19 countries and territories throughout Asia Pacific, Europe and the United States. Together with its regional partners, SingTel is Asia’s largest multi-market mobile operator, serving more than 185 million mobile customers in eight markets. More information can be found at http://www.singtel.com.
SS|PR for ViVOtech
Kristin Miller, 719-634-8292


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The automotive industry is one of the main ingredients of the korean national growth in 2004, hyundai motor company had $572 billion in sales in south korea making it the country's second largest corporation it is also the world's seventh largest car maker in 1998, hyundai acquired rival kia . Today, the modern global automotive industry encompasses the principal manufacturers, general motors, ford, toyota, honda, volkswagen, and daimlerchrylser, all of which operate in a global competitive marketplace it is suggested that the globalization of the automotive industry, has greatly . The automotive industry in china has been the largest in the world measured by automobile unit beijing automotive industry – hyundai motor . Snapshot of the mexican automotive industry the long time presence and most recent growth of automotive manufacturing in mexico is the result of the lowest labor .
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The needle keeps moving higher for the automotive industry in alabama together, mercedes, honda and hyundai have produced more than 8 million vehicles in alabama since 1997. Automotive industry: automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel. Automotive news is the leading source of news about the global automotive industry automotive news canada automotive news europe automotive hyundai capital moves to foreclose on stores owned .
Hyundai vehicles are distributed throughout the united states by hyundai motor america and are sold and serviced through more than 830 dealerships nationwide all new hyundai vehicles sold in the . Automotive industry mergers and acquisitions hyundai motor group fiat chrysler automobiles sergio marchionne elliott management paul singer alfredo altavilla john elkann volkswagen pk semler peter k semler is the chief executive editor and founder of capitol intelligence.
Free essay: operations strategy : hyundai automotive industry question 1 the automotive industry is one of the main ingredients of the korean national. The biggest dictionary of automotive acronyms and abbreviations on the internet the acronyms formed of 1 or 2 characters were intentionally removed, because it is considered that they can be interpreted and can generate confusions. The automotive industry includes industries associated with the production, wholesaling, retailing, and maintenance of motor vehicles this industry is not formally defined in the north american industry classification system (naics), but the bureau of labor statistics is referring to a group of .


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LVMH, the world’s largest luxury goods group, has announced that it will be rescheduling its annual shareholders’ meeting due to the ongoing impact of the Covid-19 pandemic. Originally scheduled for April 16, the meeting will now take place on June 30. The decision was made in light of the current situation, as the company prioritizes the safety and well-being of its stakeholders.
In addition to rescheduling the meeting, LVMH plans to issue a press release in the near future to provide shareholders with further details regarding the arrangements for the meeting and the payment of the dividend. This move showcases the company’s commitment to keep its shareholders informed and engaged during these challenging times.
Amidst the global crisis, LVMH has also taken proactive steps to support its home country, France. The company has recently placed an order for 40 million health masks from a Chinese supplier with the intention of sending them to France. Furthermore, LVMH has temporarily adapted three of its perfume and cosmetics sites to produce hand sanitizers for French hospitals. These initiatives highlight the company’s dedication to stepping up in times of need and contributing to the well-being of its community.
The fashion industry as a whole has been dramatically affected by the Covid-19 crisis, prompting various companies to make adjustments to their annual shareholder meetings. E-commerce giant Amazon, retail giant Target, and beauty conglomerate L’Oréal have all announced plans to hold their meetings online, embracing technology to maintain business continuity. Meanwhile, sports apparel brand Adidas has postponed its meeting to a later date in the year, following in the footsteps of LVMH.
These changes underscore the challenges faced by businesses in the fashion industry as they navigate through an unprecedented global situation. Adaptability and innovation are key as companies find new ways to conduct essential meetings and ensure the safety of their stakeholders. LVMH’s decision to reschedule its shareholders’ meeting demonstrates the company’s commitment to its shareholders’ well-being and its ability to swiftly adjust to rapidly changing circumstances.


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SYLVAN LAKE, Mich. — Stone Soap Company Inc. has purchased www.carwashdetergents.com, according to a press release.
The acquired company retails carwash chemicals online, noted the release. It was also the first company to successfully formulate carwash concentrates without water.
Read also: Zep launches program for chemical management
“We are thrilled to add this remarkable chemistry to our 83-year-old line of premium carwash shampoos, waxes, cleaners and specialty products,” said Stone Soap Company President Kenneth Stone, in the release.
Stone Soap will offer the online company’s products directly to customers and through its distributor network, stated the release.


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Never Miss a Beat: Get a snapshot of the issues affecting the IT industry straight to your inbox.
December 8, 2011
In 2008, Starbucks faced a "technology debt," according to CIO Stephen Gillett. Starbucks had under-invested in its IT infrastructure in order to focus on fast growth by adding stores. That formula began to falter as same store sales slipped. Gillett was hired in 2008 as part of a turnaround at Starbucks led by the return of founder Howard Schultz as CEO.
"Upon my return as CEO, it became apparent that Starbucks needed to overhaul its aging technology infrastructure," Schultz says. The company put off big IT projects because, when Starbucks was focused on quickly adding stores, any big technology project was seen as a risk to that growth.
But Starbucks in the past three years has paid down some of that technology debt. It has invested in a new point-of-sale and CRM system. It has given laptops to store managers and equipped them with cloud-based collaboration tools. It's testing online scheduling software. And the company has become a leader in mobile payments with its smartphone payment app, which handled more than 20 million transactions this year.
For leading this effort, Gillett won recongition as InformationWeek's Chief of the Year for 2011.
But Starbucks isn't done with IT investments. It has just finished implementation of the CRM system in 2011 and is only now ready to tap that system's potential for more personalized and measurable marketing. Here's our look at seven hot enterprise technology trends that Starbucks is tapping into via projects and initiatives.
About the Author(s)
Chris Murphy is editor of InformationWeek and co-chair of the InformationWeek Conference. He has been covering technology leadership and CIO strategy issues for InformationWeek since 1999. Before that, he was editor of the Budapest Business Journal, a business newspaper in Hungary; and a daily newspaper reporter in Michigan, where he covered everything from crime to the car industry. Murphy studied economics and journalism at Michigan State University, has an M.B.A. from the University of Virginia, and has passed the Chartered Financial Analyst (CFA) exams.
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Apple is continuing to make hires from the retail/fashion sector, most lately taking on Marcela Aguilar, previous elderly worldwide director of marketing and also interactions at Gap.
As mentioning on Ad Age Aguilar will certainly be handling the job of director of worldwide marketing communications at Apple.
Apple has actually been grabbing numerous workers with both retail as well as style experience as it preps to release its new Apple Watch, which it it is intending to place as a style accessory. The Apple Watch, which the business calls the “most individual product” it’s ever before made, is readily available in 2 dimensions with many various housings and also a broad selection of band alternatives.
Before joining Apple, Aguilar dealt with reimagining the Space brand, increasing sales and also introducing “fresh advertising and marketing.” As mentioning on Space’s Worldwide CEO, Aguilar was a “bulk of the trip to return the brand name to well-known status.”
“Apple is obtaining an examined professional. Dealing with a significant American brand like Space indicates you are on a large phase, in intense headlights, every day. That encounter is invaluable, and Apple demands folks which recognize ways to play at a higher degree,” Mr. Farbman included. “Also, her experience in merely interacting the value of purposeful style and also establishing concepts that produce an emotion– as opposed to merely connect an item advantage– need to serve her well at Apple.”
Together with Aguilar, Apple’s various other famous fashion-oriented hires have consisted of Angela Ahrendts, the former Burberry Chief Executive Officer that now functions as Apple’s retail principal and also Paul Deneve, former Yves Saint Laurent Chief Executive Officer which now deals with “special tasks.”
Apple has actually additionally gotten Patrick Pruniaux, a former Tag Heuer Sales Director, as well as Musa Tariq, Nike’s former director of social media as well as neighborhood. Most lately, the firm employed famous designer Marc Newson, which will certainly be functioning under Jony Ive.


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Bull Market Keeps Charging Ahead / New highs despite inflation concerns
Brushing aside inflation worries, stocks vaulted to record heights for the fifth day in a row yesterday, capping a week in which the Dow Jones industrial average jumped more than 87 points.
The widely followed blue-chip index gained 19.37 points to close at 4,430.56 yesterday.
The Standard & Poor's 500 and Nasdaq indexes also set new records.
On the New York Stock Exchange, advancing issues led declines 1,212 to 978 on active trading of more than 358 million shares.
The market's nearly vertical rise -- strongest in high-technology, retail and auto stocks -- came despite some concerns about inflation that came from reports that consumer prices took their biggest leap since last summer.
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According to the Labor Department, the Consumer Price Index rose 0.4 percent in April, compared with 0.2 percent in March.
Analysts had been expecting a 0.3 percent rise for April. They said rising vegetable prices -- partly the result of California's spring floods, pushed food costs up markedly. Lettuce prices, for example, soared 113 percent, the biggest gain on record.
But some economists downplayed the price increases, saying they were an aberration and that inflation was not worsening.
The dollar also gained ground late yesterday, climbing to 1.4475 marks from 1.4320 on Thursday, and rising to 86.90 Japanese yen, up from 85.65 yen.
In the local market, The Chronicle/Bay TV/Bloomberg index of 124 Bay Area stocks set a new record, climbing 0.93 to 136.22 with 72 gainers, 34 losers and 18 issues unchanged.
Technology issues were the strongest, with Cupertino-based Apple Computer Inc. jumping 2 5/8 to 43 5/8. The computer maker may have been helped by news that sales of all brands of personal computers rose 28 percent last year in Europe, indicating a fast-growing market.
Electronic Arts Inc., the San Mateo video-game company, rose 1 1/2 to 28 after a Bear, Stearns & Co. analyst raised the company's rating on the stock to "buy" from "attractive."
Advanced Micro Devices slumped 1 3/8 to 35 5/8 after a Merrill Lynch analyst cut the Sunnyvale semiconductor company to a "neutral" from an "above average" stock.


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Economist: The unintended consequences of hiking Oklahoma’s cigarette tax
Last fall, while responding to a shooting, police in New Jersey became suspicious of one of the victims and searched a nearby building. Inside they discovered a clandestine factory that attached counterfeit tax stamps to packs of cigarettes smuggled into the state so they could be sold in ordinary stores. Among the items found were 75,736 bogus New Jersey cigarette tax stamps, thousands of packs of bootleg cigarettes from Virginia, two vehicles and $18,722 in cash.
The illicit tobacco trade and the crime that comes with it have plagued New Jersey for years. Here's a question for Oklahoma lawmakers considering increasing the state's cigarette excise: What do they think causes these problems?
Its taxes, of course. For years, the Garden State has been home to some of the nation's highest cigarette excises. Today it is $2.70 per pack, near the level that Gov. Mary Fallin has proposed hiking the Oklahoma's excise ($2.53). At this rate, bootleggers will be able to earn more than $1 million on every truckload of cigarettes smuggled into the state.
For much of its history, Oklahoma has avoided the negative effects of excessive cigarette taxes. Modest taxes ensured that smokers secured their packs legally and locally. They also encouraged those in neighboring high-tax states to buy cigarettes in the Sooner State. Since out-of-state shoppers frequently purchased other items, such as gas and groceries, low-taxes pumped up the bottom lines of retailers which, in turn, meant higher income, property and sales tax revenue for state and local governments.
This all changed in 2005 when the tax was increased to $1.03 per pack. The tax hike discouraged positive border traffic and caused much tumult within Oklahoma as compacts between the state and tribal governments allowed Native American retailers to sell cigarettes subject to taxes as low as 6 cents per pack.
Soon nearly half the cigarettes sold in Oklahoma originated in tribal smoke shops. In the Tulsa area, fewer than 200 tribal retailers claimed 60 percent of the sales in a market where there were nearly 4,500 non-tribal retailers.
In an effort to create a more level playing field between tribal and non-tribal retailers, the state renegotiated its compacts with Native Americans, eventually replacing the system of differential rates with one which levies a uniform rate statewide but rebated much of the revenue back to the tribes.
While the new compacts reduced opportunities for tax avoidance by consumers, they created significant incentives for large-scale bootlegging by raising statewide cigarette prices well above those found in other parts of the country. Not surprisingly, federal and state officials have uncovered sophisticated cigarette smuggling operations after the agreements were signed.
Tacking on $1.50 to the existing tax would significantly increase incentives to bootleg cigarettes into Oklahoma. Indeed the Mackinac Center for Public Policy estimates that illicit sales will capture 19.2 percent of the market — or about one in five cigarettes smoked — in the wake of such a hike.
Fallin defends her proposal by arguing that increasing the cigarette tax will raise funds to provide much-needed health care services in the state. If it's true that her plan provides broad public benefit, doesn't fairness call for the use of a broad-based funding source rather than one that falls exclusively on smokers? Adherence to this principle would not only improve fairness, but also public safety in the state.
Fleenor is chief economist of Fiscal Economics, Inc.


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The latest edition of the Ipsos Mendelsohn Affluent Surveyconfirms that affluent Americans spend a lot of time on line.
The survey, done annually since 1977, shows that Americans who make $100,000 or more said they spent 22.1 hours per week on line, up from 10.7 hours five years ago. And for those making more than $250,000 per year, Internet use was even higher, at 27.4 hours per week.
Affluent consumers are also connected to the mobile web, with 40 percent using their cell phones to access the Internet and 57 percent of people earning more than $250,000 going on line via mobile phones.
Access an overview of the survey, details and a webinar at http://www.mmrsurveys.com/MendelsohnAffluentSurvey.html.


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China continues to develop delivery technology through unmanned aerial vehicles (UAV), commonly known as drones, Asian delivery companies continue to innovate their trade routes through the distribution of their products in a novel way that could soon become popular Worldwide.
A drone from the Dongguan Sail Express company made a successful delivery in the Chinese industrial city of Dongguan, in the Canton province.
Dongguan Sail Express represents the first successful delivery through a drone in the city, however, in China it has already been possible to demonstrate successful deliveries through unmanned aerial vehicles in other cities, as was the case of Ele.me, the online food order platform, which was already approved by the competent authorities of the city of Shanghai to make deliveries through this modality.
The first delivery with drones in Dongguan, a modality that is getting popular throughout China
For companies this means a breakthrough that will bring improvements in the profitability of their operations and lower operating expenses over time, because unmanned aerial vehicles will significantly reduce the delivery routes of human staff, it is estimated that even it would be talking about a reduction of up to 85% of the delivery routes for the staff of the delivery companies, this being a more than considerable advance and with which we could be witnessing the future of the delivery companies worldwide.
The reductions in operating expenses would not only be of benefit to the executives capable of investing in this modality but would also mean an increase in the income of the delivery staff of up to 500% according to estimates.
Cities like Shanghai are already experiencing tough competition on the delivery routes of drones from the hand of Ele.me against companies such as Alibaba or the sub-brand of food deliveries from Tencent, but what we know is that perhaps this modality is here to stay, and maybe it’s only a matter of time before seeing it in the West.
Source: XiaomiToday En Español
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The announcement is expected to make Walmart one of the leading electric vehicle charging station hosts in the U.S. retail sector. The company is investing 2 billion USA dollars over the next 10 years in electric vehicle infrastructure and education to deploy more than 2,000 chargers across 484 sites in 17 metropolitan areas and on highways in 39 US states.
Emerging from the shadows, fines, and lawsuits of Dieselgate, Volkswagen has made it abundantly clear that the company is all-in on electric vehicles. The company claims their fast chargers will be "seven times faster" than other charging solutions around today.
"More than 100 Walmart stores" will be home to Electrify America's "ultra-fast" charging stations.
ABB's Terra HP chargers are compatible with both the CCS and CHAdeMO DC fast charging standards, enabling drivers to buy the electric vehicle of their choice with confidence that it will work at all of Electrify America's charging sites.
Volkswagen is giving electric power to more people with its recent announcement of EV charging station expansion.. Electrify America is expecting to have installed or at least started working on 2,000-plug stations in the USA by the end of 2019.
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Not all EVs and PHEVs will be able to use the maximum power offered by the Electrify America technology, so, for some, charging times will be significantly slower. "EV owners need a convenient, reliable and fast turnaround in recharging their vehicles". Walmart is the ideal partner for Electrify America to bring electric charging services to EV owners who value their time.
Nationwide, Electrify America plans to deploy 2,000 chargers across the country at 484 sites in 17 US cities and along highways in 39 states.
This move on VW's part is ultimately a positive one for the growth of electric vehicle community. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products.
Nissan and BMW have already begun expanding fast-charging accessibility along major highway routes across the country.. And with more than 6,500 DC fast charging stations installed in 60 countries, ABB is the global leader in connected DC fast charging technology.
The key difference between VW's charging network and Tesla's supercharger network lies in their locations. Now, new Tesla owners have to pay to use the exclusive high-powered charging stations.


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Calling All Hotel Chefs – Rational Demonstrates How New Technology Can Transform Your Kitchen!
Rational is continuing its campaign of bringing new technology news to kitchens coming out of lockdown. This month, with The Chefs’ Forum, the focus switches to hotels.
Rational has inked in a series of online events to demonstrate how new technology can transform a kitchen making multiple cooking operations quicker, faster and more consistent.
With a premium on saving time and money hotel chefs can learn about how this new technology and speed can change workflows and kitchen layouts without dampening creativity.
Adam Knights, UK Marketing Director at Rational said
“We were very pleased with the way pub chefs took to our events last month and we are very much enjoying sharing our expertise with hotel chefs this month – There has been a very pleasing level of interest so far. There is so much opportunity at the moment with businesses returning to completely rethink the ways their kitchens work. And we at Rational are here to help and offer guidance and solutions.”
Catherine Farinha said: “The feedback from last month’s Pubs Live online webinars with Rational was outstanding and we are really excited to see how hotel chefs embrace the future. Make sure you book your place to experience the Rational cooking systems in use. See for yourself, the intelligent functions and how your chefs can work with them. The sessions last 45 minutes and are a great opportunity to catch-up with the latest technology and menu trends for the hotels sector.”
- Tuesday 20th April – 2.30-3.30pm
- Thursday 22nd April – 10-11am
- Monday 26th April – 10-11am
To celebrate the launch of the Hotels Live online programme, Rational is offering a £1,174 free Rational iVario Pro accessory pack when you purchase a Rational cooking system following your attendance at a Rational Hotels Live online event.
CLICK HERE for more information on the iVario Pro and the iCombi Pro ConnectedCooking System.