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Poster ads declaring “it is time to purchase” Bitcoin were banned by way of the Promoting Requirements Authority (ASA).
The commercials for cryptocurrency platform Luno had been noticed around the London Underground in addition to on buses within the capital in February.
They featured a cool animated film symbol of a Bitcoin, along textual content declaring: “If you are seeing Bitcoin at the Underground, it is time to purchase.”
The ASA won lawsuits that it didn’t illustrate the chance of the funding and took good thing about customers’ inexperience.
Luno has advised the regulator that the posters would now not seem once more and that long term commercials would function an acceptable caution concerning the possible dangers concerned.
Laws governing ads for investments state that they should shed light on their price may just move down in addition to move up.
The ASA stated: “We understood that Bitcoin funding was once advanced, unstable, and may just divulge buyers to losses and regarded as that stood by contrast to the affect given by way of the advert, that funding was once easy and standard.
“We concluded that the advert irresponsibly instructed that enticing in Bitcoin funding via Luno was once simple and simple, in particular for the reason that the target audience it addressed, most of the people, had been prone to be green of their figuring out of cryptocurrencies.”
The ruling comes within the wake of Bitcoin – which surged in price previous this 12 months – experiencing a renewed bout of volatility.
It hit a document top of $65,000 (£45,891) in April however has since been hit by way of fears of a crackdown at the sector in China in addition to Tesla boss Elon Musk’s reversal of a choice to permit the electrical automobile maker to simply accept bills within the cryptocurrency.
That triggered a sharp fall closing week to about $30,000 (£21,180), regardless that on Wednesday Bitcoin climbed again to $40,000 (£28,241).
Financial institution of England governor Andrew Bailey has up to now expressed issues about cryptocurrencies, announcing other people will have to most effective put money into them if they’re ready to lose all their cash.
On Monday, Mr Bailey advised MPs at the Treasury make a choice committee: “I am sceptical about crypto-assets, frankly, as a result of they are unhealthy and there is a large enthusiasm in the market.”


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17th August 2018
Edinburgh based private equity fund, Inverleith LLP, has invested further into Braham and Murray Good Hemp, a plant based food and drink brand which manufactures products from hemp seed.
Inverleith LLP invests into consumer brand companies within the health & wellbeing, lifestyle and heritage sectors. It specialises in internationalising and commercialising brands, helping them to realise their full potential. Its Partners are ex Chairman and Chief Executive of Noble Group, Ben Thomson and ex Chief Executive of The Glenmorangie Company and Partner L Capital (LVMH), Paul Skipworth.
9th August 2018
Profit with purpose food company Farmstand has raised $3 million, led by Kindred Capital. The funding will support the compnay in its mission to make a healthier plant-powered diet accessible to all.
6th August 2018
Foresight portfolio company, The Naked Deli, has opened its world-first airport outlet at Newcastle International Airport.
3rd August 2018
Oddbox, London’s biggest independent wonky fruit and veg box scheme, reached its crowdfunding target in record time to enable it to expand its unique service to even more customers. It initially hoped to raise £350,000 but investors saw the huge potential offered by the business and it over-funded to a tune of £520,000.
2nd August 2018
Beauhurst has published its analysis on the craft beer sector in the UK.
26th July 2018
Mission Mars, the North West operator behind hospitality concepts including Albert’s Schloss and Rudy’s Neapolitan Pizza, has received £10m from BGF to continue with its ambitious growth plans.
The North West BGF team has invested nearly £70m since late 2017. This includes new investments such as digital mapping company Gaist and brake manufacturer, EBS as well as additional funding for portfolio companies High Access, NWC Group and Kids Planet. This year, BGF became the first and only investor to be honoured for Innovation in the Queen’s Award for Enterprise.
23rd July 2018
Bean-to-bar chocolate company MIA is celebrating after exceeding its crowdfunding target of £100,000 on the Seedrs platform.
9th July 2018
Mimica Lab, a business that produces award-winning technology designed to reduce waste in perishable products such as food and pharmaceuticals, have received investment from Henley Business Angels members to contribute to their funding round.
15th June 2018
Healthy food retailer MuscleFood.com, which is backed by BGF Ventures, has been crowned specialist online food retailer of the year at The Grocer Gold Awards.
The company beat off tough competition from other household names to scoop the accolade. The annual awards celebrate success across the £200 billion-pound grocery sector with entrants from the big multinationals, independent retailers, start-ups and industry disruptors.
12th June 2018
Jenson has made an investment from the Jenson SEIS and EIS Fund 2017/18 in EBar Initiatives Limited. Jenson led an investment syndicate alongside Scottish investors including angel investor groups Gabriel and Equity Gap.
EBar Initiatives aim is to dramatically improve the consumer experience at music and sports events, using their innovative dispensing technology to reduce the time people spend waiting in bar queues. The EBar® is a consumer-operated beverage-dispensing unit capable of rapidly and continuously dispensing perfect pints of beer or soft drinks, taking payment and dispensing drinks up to 3 times faster than is possible at traditional event bars.
11th June 2018
Foresight Group has invested £2.5 million of growth capital into The Naked Deli Limited.
Launched in 2014, The Naked Deli operates a number of sites in Newcastle, offering a health-conscious and clean-eating dining experience, with a tasty range of gluten and dairy-free, vegan and paleo dishes. The first site opened in Heaton and after a strong social media campaign, reached full capacity in the first week.
7th June 2018
TriSpan, a global Private Equity firm, is pleased to announce that Rising Stars, its dedicated restaurant platform, has acquired a majority investment in Rosa’s Thai Cafe, the fast-growing UK-based Thai restaurant group.

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The company BMW will launch in 2018 convertible version of its super-hybrid i8. This was announced by the president of the German producer Harald Krueger at a special conference in Munich. In his statement the boss of Bayern affected mostly eco-models development of the brand. He announced that the production version of the i8 roadster will hardly differ from the prototype shown more in 2012. The open version will get hardtop, which will have to remove by hand from the driver.
Kruger added that the BMW planned development of engines using alternative fuel sources. Among them are those of hydrogen, which is currently set to test prototypes of the car brand and provide a single charge mileage of over 700 km.
Targeting similar patterns in no way means that the Bavarians will ignore creating uncompromising sports car. The head of the BMW was adamant that the line M and M Performance will continue to expand.


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LOS ANGELES — The “check engine” light of the BMW had been glowing for a few days when its owner pulled up to the valet drop-off at Ink, the much-discussed restaurant opened here two years ago by Michael Voltaggio, a “Top Chef” reality show winner.
The driver was greeted for her lunch first by Bruno Cavallini, 32, whose expertise with cars goes far deeper than what is required by his job with the valet parking company at Ink. When Mr. Cavallini asked how she liked the BMW — something he almost always does with customers who drive performance cars — she mentioned the warning light.
Mr. Cavallini dug out a hand-held computer code reader from the trunk of his 2004 BMW M3 and plugged it into the diagnostic port of woman’s car before driving around to the restaurant’s rear lot.
When she returned after lunch, Mr. Cavallini explained the problem: her BMW had a bad coolant sensor, and it should cost about $90, not including labor, to fix.
“And don’t pay more than $100 for labor,” he told her. She tipped him $20.
The service he provides has not gone unnoticed by the restaurant’s owner.
“He is really beyond a valet — he helps people with their cars, programming the radio, the seat memories and all that,” Mr. Voltaggio, himself a serious car enthusiast, said in an interview at the Amelia Island Concours d’Élégance in March.
“We get from 30 to 50 cars a night,” Mr. Cavallini said. Estimating that he has probably solved a couple of problems on each shift over the last two years, the total very likely runs to many hundreds by now.
The streak started when he programmed the settings to make the automatic tilt-down feature of a door mirror work for a customer who had not yet cracked the code.
“The next day, someone came in with a Mercedes and couldn’t figure out how to set the time on the clock, so I showed them,” he said. “Then another guy came in with a Mercedes and didn’t know why the check engine light was on.”
Mr. Cavallini always brings his laptop computer and a reader for codes in cars’ onboard diagnostic system, or OBDII, to his valet job at Ink.
As a teenager, Mr. Cavallini began tinkering with his and friends’ cars for fun, mostly BMWs. (“They’re easier to work on than Audis,” he said.)
“I used to unsolder the Eproms and flash new coding,” he said, referring to the process of reprogramming the memory chip in the car’s computer. “I didn’t find it to be difficult.”
His appetite for shop manuals, which he buys online and reads on his laptop, is nearly insatiable. “I like to go in deep and spend hours learning the cars; I’m on my computer studying diagrams,” Mr. Cavallini said. “A lot of my friends want their BMWs reprogrammed for European specs, like having the side marker lights always on, just to be different. The factory software, at least up to 2009, is in German; I need to learn German.”
Mr. Cavallini also studies technical service bulletins and alerts diners to problems that might require attention.
Sometimes Mr. Cavallini gets tips for his car help. In one case, a customer drove up to the valet drop-off spot at Ink with a flat tire, Mr. Cavallini knew that this particular Audi model had a full-size spare, and he changed the tire in 10 minutes.
“She didn’t have any money,” he said. “She came back the next day with a $50 tip.”
Tire problems are not unusual.
One night, a woman in a Mercedes-Benz pulled up with a flat tire.
“She is crying — she’s late for a screening of a new movie,” Mr. Cavallini recalled. So he retrieved the plug kit and air compressor he carries in his car and fixed the leak on the spot, instructing the woman that she needed to get the tire fixed properly the next day.
Another customer pulled up in a BMW with one halogen low-beam headlight burned, concerned that the problem would lead to being pulled over by the police. So he swapped in a bulb from his own car — no charge.
He looks out for his customers in other ways, too. He checks every car for operating turn signals and brake lights — and can often fix them right there. Another time, when a couple who came to dinner in their Jaguar sports car had a few drinks, Mr. Cavallini offered to drive them home and take a taxi back to Ink. All three squeezed into the two-seater.
“If a window regulator is broken, I can’t fix it there in the parking lot,” he said. “But I can pull the glass up so the customer can lock the car or keep rain out.”
Mr. Cavallini’s helpfulness also reveals an inner curiosity about technically interesting cars. He’s tickled by Mercedes and BMW keyless remotes that close all of the windows simultaneously — information that he loves to share with owners, few of whom have read the manuals for their expensive cars or been briefed by the sales staff.
Mr. Cavallini says he inherited the technician gene from his father, who was a Datsun mechanic in Glendale, Calif.
“My dad taught me the basics — he knew how to hear if things were right,” Mr. Cavallini said.
He remembers rebuilding a lawn mower when he was in elementary school, and by 12 he was changing clutches. He resurrected a dead Honda 600 car from the early 1970s that year, too: “I was excited. It finally started after three months, it had little power or compression, but I drove it.”
He attended automotive technical school in Southern California when he was a teenager and passed the Automotive Service Excellence test to become a certified mechanic.
“I’ve been hearing it forever: ‘You should open up a garage,’ ” Mr. Cavallini said. But he never worked in an auto repair shop. His reason: as someone who loves exotic cars, he has found that owners rarely keep these cars long enough to spend money on them. “It’s hard in L.A.,” he said. “People want the greatest and latest.”
Instead, he enjoys the benefits of being a valet in a city where the entertainment industry assures that expensive cars abound. “I have driven a lot of Porsches, a Carrera GT, Speedsters, replicas,” he said. “I drove a Bugatti Veyron as soon as they came out. I’ve driven an Enzo, a McLaren F1.”
His favorite car is a 1960s Mercedes SL roadster. (“It’s just the smell of leather, the shifter, the big steering wheel, I like that.”) He’s driven a Lamborghini Aventador, a Diablo VT and a BMW Z8, but there’s one car that’s eluded him: “I’m dying to drive a XJ220,” he said, referring to a rare Jaguar supercar.
For now, Mr. Cavallini is happy with his calling. “If I could have any job in the world, I would drive cars and find what’s wrong with them — and find them a good home.”
Mr. Voltaggio sees the benefit of having someone with Mr. Cavallini’s knowledge at the restaurant, relating an anecdote about a top Lamborghini executive who dined at Ink recently: “Michael Lock was here the other night, and Bruno and he were chit-chatting about cars for at least 10 minutes outside. What kind of valet can do that?”


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Windows 10 Redstone 5 update
Microsoft has already rolled out the Windows 10 April update, shown off new Insider program features and is now getting ready for its next update with Redstone 5.
Expected to appear later this year, Redstone 5 should give Windows 10 users some useful updates to enhance their OS experience.
Here’s everything you need to know about the Windows 10 Redstone 5 update.
Windows 10 Redstone 5 release date
Microsoft is expected to roll-out the next Redstone 5 update to Windows 10 users around October time.
Nothing official has been announced by Microsoft at the time of publishing. But this does follow the pattern for update releases that Microsoft has stuck to with the Fall Creators Update out on October 17th.
There was a delay on the April update so there is a chance Redstone 5 could get pushed back by a month.
What is Windows 10 Redstone 5?
Microsoft has come up with Redstone 5 as a codename for its next major Windows 10 update.
There will be a consumer friendly name used when the update is released. The last was called April update, so perhaps Redstone 5 will get October update as its official name.
What are the best Windows 10 Redstone 5 features?
Microsoft has shown off some great new features that it has rolled out for Windows 10 Insiders to try out. As a result we can give a pretty clear outlook for at least some features in the next major update.
Improvements to multi-tasking are always welcome as a way to stay focused while using Windows 10.
This will use tabs, like a browser does, except it will apply to windows on the desktop. That could mean open web pages, apps and folders all in a window, with multiple windows to keep workflows separate and tidy.
So with an open doc you can click a link from within it and that will appear in a tab right next to the document.
Windows 10 Redstone 5 Your Phone
Your Phone app
Microsoft has teased its new Your Phone app which should make sharing files and using your connected phone with Windows 10 easier than ever.
This will mean you can drag and drop files between devices, read and write messages and more. The catch? Which phones work with this, like iPhone and Android, has not been made clear.
Progressive Web App enhancements
Redstone 5 should allow for far better integration of Progressive Web Apps. These are essentially web pages that work as an app would.
That means notifications, offline use and more. Redstone 5 should add an improved interface and the ability to download web apps directly from the Edge browser.
A clipboard in the cloud means you can copy from one device then paste on another.
While this is great for sharing from a tablet to a laptop, it should also work with iOS and Android in the future, making it even more impressive.
Better Fluent Design
Microsoft is committed to enhancing its design in Windows 10, specifically that Fluent Design which aims to make the user interface more effortless.
That should mean a lot more apps have adopted the Fluent Design layout. Also expect to see more 3D effects for Mixed Reality.


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Over a hundred cargo ships are reportedly set to be constructed in the next three years
The Russian government is planning to have about 150 cargo ships built by 2027 as part of a preferential leasing project, Deputy Prime Minister Denis Manturov has revealed.
“Another area that has been given particular attention under the sanctions regime is cargo ships for various purposes and deadweight,” Manturov told the Federation Council on Wednesday.
Those will include tankers, grain carriers, container ships, barges, tugboats and dry cargo ships, including icebreaking Arctic class ships, according to the official.
“This will contribute to the reorientation of export flows through the waters of the Azov, Black, Baltic, White and Caspian Seas,” he noted.
Manturov, who also heads up the Ministry of Industry and Trade, said that the Russian National Wealth Fund will help with the construction of 260 new vessels.
“This program will ensure the further development of the passenger fleet. More than 70 modern, comfortable hydrofoils, electric river buses and cruise catamarans are planned for construction,” he added.
READ MORE: Freight traffic growing in Russia’s Arctic – official
The Ministry of Industry and Trade expects a total of 985 vessels to be built in Russia by 2035. In the long-term, it aims to construct 60 large-tonnage vessels and 93 medium-tonnage ships.
For more stories on economy & finance visit RT’s business section
April 12, 2023 at 09:30PM


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A Head Start Venture capital firms are taking a new interest in student-owned businesses.
Opinions expressed by Entrepreneur contributors are their own.
Student businesses are like any other business in one sense: They desperately need capital and business advice early on. Lucky for them, some VC firms are taking a special interest in student businesses. Highland Capital Partners, a VC firm in Lexington, Massachusetts, has a long history of working with universities, including the Massachusetts Institute of Technology, and has funded a few of the high growth-potential startups sprouting from that environment, says Michael Gaiss, senior vice president of HCP. "Big picture-wise, maybe we can help [support] people with [innovative ideas]," says Gaiss. "Maybe there's a potential company to invest in. If not, we can share our expertise with some very compelling [students] and perhaps down the road, [they'll start] an interesting company we can invest in."
To attract student entrepreneurs to the 2007 Summer Entrepreneurship At Highland program, HCP invested a total of $60,000 and divided it among student teams. The teams also had access to investment and business experts to help craft ideas and market strategies. HCP didn't create the program fully expecting to fund deals at the end of the summer, but Gaiss says the company is currently in talks to do just that with a few of the participating student companies. (Students interested in the 2008 program should visit hcp.com/summer for more information.)
Among those benefiting from HCP's summer program are Alain Chuard and Victoria Ransom, co-founders of IncFuel, a Cambridge, Massachusetts-based tech company that designs products for the travel industry. With their first prototype--a web application designed to help travel service providers market, distribute and package their services--finished last fall, Chuard, 34, and Ransom, 32, relished not only the free office space and business guidance but also the networking opportunities that the program provided. "We were able to speak to people in the travel industry who we wouldn't have spoken to otherwise," says Ransom, a second year MBA student at Harvard. Because of their experience, Chuard, an MBA student at Stanford, says they plan to seek VC financing after they launch their first product--and they're going to start by talking to HCP.
The co-founders of Paragon Lake in Lexington, Massachusetts, also participated in the program. Matt Lauzon and Jason Reuben, both 23 and 2007 Babson graduates, originally conceived of their company to sell fine jewelry online. But during their last year at Babson, they shifted focus and began selling custom-made jewelry through established jewelers. With a new business plan in hand, the pair gleaned expertise from HCP and recently closed a round of seed funding with the firm. "It's important to ask the VC just as many questions as they're asking you," advises Lauzon. "Not all VCs are alike."
The student-run Dakota Venture Group, which launched in September 2006 at the University of North Dakota's Center for Innovation, knows college entrepreneurship from every angle. The students manage the fund 100 percent, investing in high-growth companies in the region. Managing directors and UND students Lee Groeschl, Amy Indridason, Shannon Pearson, Chris Virta and Dan Waind are committed to investing in early and seed-stage companies, especially UND student and alumni businesses. For student entrepreneurs looking for VC, they advise being articulate about your business and capable of answering questions on the fly. "Present your information concisely and clearly because [investors] see a lot of different businesses," says Indridason. "Make it stand out yet be consistent and clear so it's something they can absorb very easily and quickly."


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Amazon’s omnipresence in Seattle is unmistakable. And of course, its power and influence extend far and wide. The only other company to rival Amazon is Walmart. Yet for years, Walmart and Amazon operated in separate spheres — one a massive brick-and-mortar retailer, the other an online giant. But in 2016, Walmart aggressively moved into the world of e-commerce, while Amazon made big bets in physical retail. Business journalist Jason Del Rey describes what happened next and the consequences for all of us.
Speaking with Seattle-based technology correspondent Karen Weise and drawing from his book, Winner Sells All, Del Rey shares this tale of disruption and big money moves. Del Rey explains how the rivalry between Amazon and Walmart left consumers and small merchants with fewer buying and selling options, and millions of workers with meager wages for demanding and sometimes dangerous work. He argues that this retail war is about our loyalty and our wallets, with hundreds of billions of dollars at stake and millions of jobs on the line.
There’s no doubt that Amazon has shaped Seattle. But as both Amazon and Walmart continue to expand their empires into new industries, Del Rey explains how this battle will change the way the world shops, lives, and works for decades to come.
Jason Del Rey is a veteran business journalist who spent a decade at Recode, a leading online technology publication, reporting on Amazon, Walmart, and how technology is transforming retail, both online and in stores. He is the host of Land of the Giants: The Rise of Amazon, a narrative podcast series about the tech giant’s rise and the impact of its relentless ambition on hundreds of millions of people across the globe. In 2019, the National Retail Federation named him one of the “25 People Shaping Retail’s Future.” He lives in Northern New Jersey with his wife and two children.
Karen Weise is a technology correspondent based in Seattle, covering Amazon and Microsoft. Her work aims to help readers better understand two of the most powerful companies in America and their growing influence on society.
Presented by Town Hall Seattle.


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|Samsung Galaxy A9 Star|
A new report is revealed about the Samsung Galaxy A9 Star 2018, which confirms some specifications of this smartphone. Nothing is officially announced by the Samsung, but the new report claims the phone will be launched soon.
According to new leaks, Samsung is working on their upcoming flagship smartphone, and that smartphone is going to hit the market this year. This phone will be launched with the dual-Camera setup on the rear and the rear fingerprint sensor.
This Samsung flagship smartphone is already listed on the TENAA but the launch date of this phone is not confirmed by the company.
- Samsung Galaxy Wide 3 is launched in this country with these specifications
- Which is the latest flagship smartphone of the Samsung
- The Samsung Galaxy J9 is launched with the 16 MP front camera for Selfies
- The CMOS sensor is used in Samsung Galaxy J6 with these specifications
According to some leaks, this phone will be launched with the 6.3 Inches FHD+ Infinity display and the resolution of this display would 1080×2200 Pixels. The pixel density of this phone would be around 350 PPi.
According to TENAA, this phone is launched with the 4 GB RAM and the internal storage of 64 GB, but nothing is revealed about the variants of this phone. The processors of this phone are not revealed too.
This phone will be leaked with the 24+16 MP camera sensors on the rear and there will be the 16 MP camera on the front side of this phone, let me tell you one thing more, this phone will be able to record the 4K videos too with the slow-motion.
So, these specifications and features are revealed about the upcoming flagship smartphone of the Samsung. The phone will be the next mid-range flagship and this will be launched with the good camera setups on both the sides.
If you have anything to ask then simply mail me or comment below, by the way, what you like in Samsung smartphones tell me now by the help of comment section. Thank you for reading about the Samsung Galaxy A9 Star 2018.


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Amazon has officially announced Kindle Unlimited, a $9.99 all-you-can-read monthly ebook subscription. This was leaked earlier in the week, but now we have more details on this ebook and audiobook service!
The killer feature here that could hurt other subscription ebook services is Whispersync for Voice. Amazon is offering it on compatible titles, meaning you can start reading the ebook, switch to the audiobook, and pick it back up in the ebook version.
Adding Whispersync for Voice to a book typically adds $3-5, so if you use that service more than once, it’s worth looking at Kindle Unlimited’s selection!
Of course, selection is the big question mark here. Amazon says there are 600,000 titles so far, but that’s only a quarter of what Amazon sells in overall Kindle titles. Luckily, Amazon is offering a free 30-day trial, so if you aren’t sure if the library will work for you, give it a shot risk-free!
For more information, check out Amazon’s Kindle Unlimited page!


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Despite general worry over Fiat Chrysler’s sales slide over the last 14 months there’s one group still convinced that FCA is on the right track strategically: analysts and investors.
Some stock market analysts use nothing but superlatives when describing FCA’s performance over the past couple of years, which includes tripling the value of its publicly traded stock, FCAU. and positioning itself for steady growth and potential new partnerships.
The sales potential of the next-gen Jeep Wrangler is one reason stock-pickers are unconcerned with FCA’s overall monthly sales figures
One of FCAU’s biggest boosters is seekingalpha.com, a crowd-sourced investing website that has been touting Fiat Chrysler’s upside for some time. Now, crowd-sourcing is a hint you might want to take the advice with a grain of salt. But the site has had a decent record in reading the financial tea leaves, and it’s far from alone in praising FCA’s performance. Back in August, after the second quarter report, the site called FCAU “severely undervalued” and a “crazy buy” because several of its divisions could be worth more as standalone brands than the entire company is worth on the stock market.
Maserati alone has been posting “magnificent” numbers and should be worth “80 % to 100%” as much as FCAU as a whole, or about as much as Ferrari is on the open market, which was about $21 billion at that point. FCAU as a whole was worth around $18 billion. Today it’s market cap is approximately $26.89 billion. So seekingalpha.com was right.
Jeep alone should be worth 120% of the current value of Fiat Chrysler, seekingalpha’s analysts said, due to high margins in the segment and bullet-proof demand for its products.
Meanwhile, some of the company’s insiders and defenders keep wringing their hands over last month’s sales figures. Why the disconnect between the two groups?
Maybe the bottom-line guys see something the armchair sales quarterbacks are missing. Maybe they see the wisdom in cutting low-margin fleet sales rather than using them to goose factory order books to make better numbers, as FCA reported it did last month.
The investors probably also think it’s a good idea to ditch low-profit sedans which aren’t selling and focus instead on high-margin pickup trucks and SUVs – which is exactly what FCA has been doing for the past half year or more.
And although they don’t mention it in every news story, the analysts probably agree that CEO Sergio Marchionne’s determination to pay down debt by another $2 billion by the end of this year – as he referred to again in a conference call two weeks ago – also points to better things to come for FCA, the company, and FCAU, the stock.
Lower debt means “improved operating performance and lower financial charges (and) stronger profit margins,” according to marketrealist.com in a story from Tuesday.
According to this piece by Josh Arnord, FCAU the stock has turned in a “truly staggering performance against the likes of GM and Ford” over the past couple of years, and it continues to be a good value after a sell-off from a high earlier this year.
Fiat Chrysler stock, he says, looks like a deal even without paying a premium for it because you think somebody might buy it or merge with it at some point going forward.
And today alphabetastock.com named FCAU it’s “Top Pick for Thursday” as an attention-grabbing volatile stock and good bet. They’re predicting an 18% increase in stock price over the next five years. That’s not much compared to the 52% growth of the last five years, but nothing to wring your hands about.
This post was last modified on November 9, 2017, 4:00 pm


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Guangzhou Toyota to introduce hybrid cars.
source: Gasgoo.comMay 13, 2008 - As Toyota’s latest plant after established three years ago, Guangzhou Toyota Motor has introduced two of three Toyota global strategic models. Guangzhou Toyota will bring hybrid cars to the domestic market with Camry as the best platform, the joint venture said last week.
When Guangzhou Toyota is considering introducing hybrid cars, China’s market demand should be looked into and the consumers’ concept will be guided, said vice general manager of Guangzhou Toyota. “The current mass-produced cars could be mounted with the hybrid technology to raise their sales. I believe this is a good strategy to introduce hybrid cars to China with Camry as the platform.”
Since Guangzhou Honda has launched 3.5L Yaris now, people have asked whether high-emission Camry will come out to enter C-class vehicle market or not. “That’s not necessary now. But it is quite possible that Camry models are to be added as sales improve and the consumer base expands. Besides, Toyota can also put out an all-new model to meet the market demand because of its richer line-up of products than Honda,” said Feng Xingya, vice general manager of Guangzhou Toyota.
The number of Guangzhou Toyota dealerships in Beijing has now increased to 9 from 7, and will reach 11 by the end of this year.


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Galaxy Tab S6 leak reveals a true iPad Pro rival: But it has one seriously backwards feature
Fresh images of the Samsung Galaxy Tab S6 have ‘leaked’, lending further credence to rumblings the company will release a fresh iPad Pro rival in the very near future.
The leaked images stemmed from Android headlines which reported receiving them from an unnamed source on Wednesday. The images look similar to those shown in a previous leak by Sammobile.
The design shows a 10.5-inch-ish tablet with an S Pen stylus that can be magenetically docked to a groove in the Tab S6’s back. The S Pen will reportedly wirelessly charge when docked.
While the ability to dock the Pen is cool, putting it on the back feels a little odd for use here at Trusted Reviews. Personally we’d have preferred it to have the same side docking placement of the iPad Pro’s Apple Pencil.
Other details in the leak suggest the Galaxy Tab S6 will be one of the most powerful Android tablets on the market and an iPad Pro rival in pretty much every way. The leak suggests the tablet will have a similar optional keyboard dock to past Galaxy Tabs and feature a dual-sensor rear camera.
Related: Best tablet 2019
Sadly the leak didn’t reveal one key detail we’ve been clamouring to get: the Galaxy Tab S6’s specs. Past rumblings have suggested it’ll have a Snapdragon 855 CPU, 6GB RAM and either 128GB or 256GB of internal storage, but these specs are far from official.
The only other detail we got from the leak is that the Galaxy Tab S6 may launch alongside the Galaxy Note 10. The Galaxy Note 10 is scheduled to appear on the 7th of August and is the hotly anticipated next phablet from Samsung.
As always we’d suggest taking any rumour/leak with a pinch of salt, but considering the sheer volume of matching reports about the Galaxy Tab 6 we’d bet there is a slither of truth in the recent reports.
It would also make sense for Samsung to launch a new premium tablet. Since Google announced it was pulling out of the tablet market and Huawei got hit by a US executive order forcing companies to cut ties with it there’s been a growing lack of valid iPad rivals.


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Xooming Money Transfer To Higher Margins
The recent 10-for-1 split announcement by MasterCard (MA) should highlight the extreme profitability of facilitating financial transactions around the world. In fact, the market appears desperate for lower fee, cross border alternatives with the sudden rise in popularity of the Bitcoin, yet for investors very few growth companies exist that offer the opportunity to participate in the internet and mobile financial transaction arena. The previous mentioned MasterCard and competitor Visa (V) have already reached market values around $100 billion and don't exactly offer new opportunities.
Read the full article at Seeking Alpha.
Disclosure: No positions mentioned. Please review the disclaimer page for more details.


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OTTAWA, ON, Oct. 21, 2022 /CNW/ – Small businesses are the backbone of the Canadian economy and the heart of our communities. They support Canadians every day, and the Government of Canada will continue to be there to support them.
Throughout BDC Small Business Week 2022, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, highlighted how the Government of Canada continues to support small businesses across the country, helping them grow, innovate and adapt to changing times.
The Minister started the week by highlighting updates to the Canada Small Business Financing Program at a Canadian Chamber of Commerce event in Ottawa. These changes are designed to increase financing options while cutting red tape for small businesses. The updates include expanding financing eligibility to cover intangible assets; increasing maximum loan amounts from $350,000 to $500,000; extending government coverage periods for equipment and leasehold improvements; and introducing a line of credit option of up to $150,000.
Minister Ng also travelled to Prince Edward Island to meet with representatives of PEI chambers of commerce and the Tourism Industry Association of Prince Edward Island as well as small business owners who were affected by Hurricane Fiona. She reaffirmed the government’s commitment to provide $300 million in additional disaster relief funding to help local businesses and communities across the Atlantic region and Quebec rebuild and recover.
At StartUp Canada’s Startup Day 2022 session on the 2021 Mastercard Index of Women Entrepreneurs, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, on behalf of Minister Ng, outlined how the Government of Canada is building an economy that works for everyone by supporting women business owners and entrepreneurs through the more than $6 billion Women Entrepreneurship Strategy (WES). WES programs, along with the Black Entrepreneurship Program, are helping remove the barriers diverse under-represented entrepreneurs face in reaching their business goals, while bringing more talent into the economy, creating jobs and strengthening communities.
Minister Ng also highlighted ongoing government support for small businesses, such as extending the deadline for repaying Canada Emergency Business Account (CEBA) loans by one year to December 31, 2023. The Minister noted the Canada Digital Adoption Program, which offers grants and advisory services to help small businesses boost their e-commerce profile and incorporate technologies that will help them become more productive and competitive.
“Small businesses are the heart of our communities and the backbone of our economy. They represent 98% of all Canadian businesses, employ over 10 million hard-working Canadians, and make our neighbourhoods unique and dynamic. This Small Business Week, I invite all Canadians to join me in celebrating our neighbours, our friends, and the people who make our communities special. No matter what opportunities or challenges lie ahead for small businesses, our government will continue to support them and help bring their dreams to market in Canada and around the world.”
– The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development
- BDC Small Business Week has been a registered trademark of the Business Development Bank of Canada since 1986. This year, it is taking place from October 16 to 22, and the theme is Dare to do things differently: Power up your growth.
- Budget 2022 introduced more funding to help businesses make a strong recovery from the pandemic. Highlights include:
SOURCE Innovation, Science and Economic Development Canada
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.


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What has set Plex apart for years is its SaaS, multi-tenant cloud offering. Learn how Plex customers such as Gill Industries have enhanced their operations since adopting a smart manufacturing platform.
Plex lends insight into how manufacturers use automation to return to pre-COVID production levels while adhering to social distancing requirements.
Manufacturers turn to Industry 4.0 technologies to stabilize their businesses following the global disruption.
Some manufacturers, such as Plex customer Olde Thompson, are able to sustain operations despite the impact of COVID-19 through smart manufacturing technology.
A recent study by Plex finds that companies who adopt smart manufacturing systems have better control over and visibility into their operations.
Plex data shows food and beverage suppliers for grocers experience growth during the COVID-19 era, while restaurant suppliers face challenges.
TROY, Mich., May 21, 2020 – Plex Systems, which delivers the first smart manufacturing platform, today announced that Hatch Stamping, Irwin Seating, and Hausbeck Pickles and Peppers are the 2020 Impact Award winners.
Manufacturers in the food and beverage industry get ahead of competitors by implementing new technologies, according to a new study.
Hyperautomation technology RPA is now available on the Plex Smart Manufacturing Platform to help companies manage day-to-day operations.
Plex Systems partners with Automation Anywhere, using Thirdware RPA technology to benefit manufacturers. A new benchmarking tool from Plex will help manufacturers gain valuable insights.


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Apple Inc. Posts Record Q3 FY2014 Earnings with Highest EPS Growth Rate; Tim Cook Excited About New Products
By Reissa Su | July 23, 2014 12:28 PM EST
Apple Inc has released its official Q3 earnings report after the end of market trading on July 22. The company posted profits of $7.7 billion from a $37.4 billion in revenues.
The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco, California April 23, 2014.
Apple's prospects of growth prospects continues to burn bright the upcoming release of the iPhone 6 looms with a rumoured bigger screen expected to attract consumers who have been waiting for a bigger-sized iPhone.
Apple's earnings once again went beyond analysts' expectations as the tech giant sold 35.2 million iPhones in the third quarter of the fiscal year. The latest iPhone sales figures had increased by 13 per cent compared to the same quarter of 2013 despite many consumers holding off on buying new iPhones until the release of the iPhone 6.
In an interview, Apple's Chief Financial Officer Luca Maestri said the company "did a really great job" based on its execution. He hinted that Apple has "some things in the pipeline" to get people excited.
Apple earned $7.7 billion in profit by the end of Q3 FY2014 or $1.28 per share. At the same time in 2013, the company had posted earnings of $6.9 billion or $1.07 per share. Analysts had predicted earnings per share (EPS) of $1.23 but the latest figures had beaten analysts' expectations.
Compared to data from 2013, Apple's revenues climbed to $37.4 billion in Q3. However, the figure was $600 million below analysts' predictions.
According to Fortune, its consensus with analysts was for Apple to release an earnings report of $38.1 billion in revenue with gross margins of 38 per cent. When Apple finally revealed its Q3 earnings, the actual gross margin was higher at 39.4 per cent. Despite failing to live up to analyst expectations in revenue, the company still managed to beat forecasts with a higher EPS.
According to Apple's own guidance based from the previous quarter earnings, the iPhone maker predicted earnings to be between $36 and 38 billion in revenue with a gross margin pegged at either 37 or 38 per cent.
Apple's guidance was more accurate in 2013 with the upper range of its forecast close to the actual figures. In the company's Q3 earnings report, both Apple and the analysts anticipated a good quarter for the company especially with a high gross margin.
Tim Cook "excited" about new product release
However, some analysts believe Apple's revenues should be higher than the actual figures presented. Apple may have been banking on the iPhone 5C to take care of the gross margin but the cheaper iPhone model did not sell as much units as expected.
Apple Inc CEO Tim Cook wrote in the earnings release that the company's record June quarter was due to the strong sales performance of the iPhone, Mac and continuous growth of the iOS ecosystem. Cook said the recent quarter has brought the company its "highest EPS growth rate in seven quarters."
Cook said Apple "can't wait to introduce" its new products and services. He expressed his excitement about the upcoming release of the iOS 8 and OS X Yosemite.
For the next quarter, Apple predicts revenues between $37 and $40 billion with a gross margin between 37 and 38 per cent.
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Puerto Rico prepares for luxury shopping amid recession
SAN JUAN, Puerto Rico (AP) — A pair of nearly 5-inch black satin heels with a large gold alligator that serves as the front strap retails for almost $1,600 at the first Saks Fifth Avenue store to open in Puerto Rico, more than what the average person here earns in a month and where nearly half the population lives in poverty.
While a nearly decade-long recession has forced many Puerto Ricans to seek a more affordable life on the U.S. mainland, some of the world's priciest retailers have stores at The Mall of San Juan, a $475 million shopping center opening Thursday alongside one of the island's most crime-ridden public housing projects.
"We know that Puerto Rico has its challenges, but we're not basing our decision on the economy's ups and downs," said Manuel Vazquez, the mall's general manager. "The sales of shoes, clothes and accessories in Puerto Rico have always been strong."
Puerto Ricans do seem to have been busy shopping while the government struggles with $73 billion in public debt and U.S. investors worry some of island's public agencies could go bankrupt. Retail sales grew 0.5 percent over the past year to $37.6 billion, with a 17 percent increase in sales at women's clothing stores, according to government statistics.
Shopping on credit is popular on this island, where the population of 3.65 million holds more than $22 billion in consumer debt, compared with the $3.3 trillion held by consumers on the U.S. mainland. Laura Ortiz, a sociology professor at the University of Puerto Rico, said consumers she interviewed for her book "Shopping in Puerto Rico" told her they didn't worry about debt. The view was, "I'll handle it," she said.
That shop-until-you-drop mindset is on full display at the Plaza Las Americas, the largest shopping center in the Caribbean. It generates roughly twice the sales-per-square-foot of the average U.S. mall and draws up to 70,000 visitors daily.
Angel Diaz, who was shopping there with his girlfriend one recent afternoon, said they can't wait to explore the new Mall of San Juan. "They say the economy is bad, but the stores are always full," the teenager said.
Developers are betting the trend will continue at the new two-story, 650,000-square-foot mall. It has more than 70 stores, many new here, including Lululemon and Jimmy Choo. Two high-end department stores anchor the shopping center: Puerto Rico's first Nordstrom, where shoppers can choose from 7,000 different lipstick colors ("We heard that people in Puerto Rico love their cosmetics," spokeswoman Amy Jones said), and Saks Fifth Avenue, which has mother-of-pearl walls and polished white Italian marble floors.
Developers expect to attract strong sales from a mix of tourists and locals because of its proximity to the main international airport and Old San Juan, where cruise ships dock.
But some Puerto Ricans wonder why the mall was built next to the Ernesto Ramos Antonini housing complex, among the island's most violent. It also borders on a working class area.
"You would think a mall of this kind would be located in a high-end neighborhood," said David Caleb Acevedo, a translator. "I don't know how good this will be for an island whose economy is in such a bad state."
Other malls that tried to attract a high-end clientele have failed, and stores including Macy's have had to lower prices and modify products for consumers, said economist Jose Villamil, CEO of the Puerto Rican consulting firm Estudios Tecnicos.
He said it's remarkable that retail sales remain robust amid a shrinking economy, but maintained there's not a huge demand for luxury items. "People erroneously assume that Puerto Rico's high-end market is bigger than it is," he said.
Still, some who live nearby hope to benefit from the new mall. In October, police officer Angel Aviles bought a small sports bar within walking distance, hoping to attract workers who cannot afford to eat there.
"If that mall weren't there, I would have never done this," he said.


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EDINBORO, Pa. — Pennsylvania State police are investigating reports that someone released bedbugs in a men’s fitting room at a Walmart, authorities said.
The incident was reported at a Walmart Supercenter in Edinboro, the Erie Times-News reported. A Walmart manager contacted the state police, reporting that store employees found a closed pill bottle containing live bedbugs, the newspaper reported.
Police said the bottle was found in a boys’ jacket.
Friday, the bottle was sent to Ecolab, which confirmed the insects were bedbugs, WENY reported.
A second closed pill bottle, containing several dead bugs, was found by a Walmart employee in the men’s department of the store, according to the Times-News.
According to the Centers for Disease Control and Prevention, bedbugs are small, flat, parasitic insects that feed solely on the blood of people and animals while they sleep.
An investigation is ongoing, police said.
© 2020 Cox Media Group


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Eating has become a dangerous pastime in America. Unless you grow your own food, you’re basically taking a risk every time you put a meal on your table. Not only is much of the produce on store shelves contaminated with high levels of toxins, there has recently been other problems in our nation’s food supply chain, as well. Just this past week, they recalled several food products. Officials instructed the public to immediately throw away their food, if they happen to have any of the products listed in the recalls. There didn’t appear to be any offer to refund people’s money, however. They could, at least, give people their money back when they made an honest purchase and, by no fault of their own, had to throw their food away.
In case these officials don’t know it, food is expensive and costs have skyrocketed since Biden ‘took’ (a term I mean literally) office. The last thing the average family in America needs to hear is that they have to throw away the food they just bought because someone in the supply chain didn’t do their job right.
Food products being recalled are staple items in many households
How often do you buy onions at the store? I grow my own onions each summer, and this year was especially glad I had done so. Onions are among three food products on recall lists this week. Several hundred people were hospitalized after eating contaminated food. At least 20 more more people fell ill after dining at the same restaurant chain, which is why government agencies investigated. They determined that onions contaminated with salmonella were making people ill. Approximately 650 people spanning 37 states became sick after eating onions that were distributed in the United States and Canada.
Mexico was the country of origin for all of the recalled onion food products. The following list includes brand names on the list:
- Big Bull
- Peak Fresh Produce
- Sierra Madre
- Markon First Crop.
- Markon Essentials
- Rio Blue
- Rio Valley
- Sysco Imperial
If you bought onions under these brand names between July 7, 2021 and September 8, 2021, then you should know that they have been recalled. Throw them away. If you or your loved one became ill after eating such onions, then you’ll want to report it.
Pork and lamb on recall, too
Food products containing pork, namely porkskin snacks, have also been recalled because processors distributed without inspection. That’s right. There are pork food products in your grocery store this week, if you live in Arizona, California, Nevada, Utah, Washington or New Mexico, that were never inspected for safety. Surveillance activities reportedly uncovered the problem.
As if the possibility of purchasing pork food products that have never undergone a safety inspection isn’t bad enough, there’s more. In Pennsylvania, Florida, Michigan, Missouri and New York, frozen raw lamb shoulders are on recall. A lamb shoulder can cost anywhere from $18 to $85 or more! You’ll be glad to know that these lamb shoulders did get inspected — but, only the first time around. They’re supposed to undergo a second inspection and that’s where the team dropped the ball. The items went through shipping on July 12, 2021.
If you have frozen raw lamb shoulder in your freezer, pitch it.
Last week, we did an article about shampoo products that contain known carcinogens. Just as the average person shouldn’t have to worry about developing cancer from washing his or her hair, neither should we have to fear salmonella or other illness from buying food in our local grocery stores. There’s no excuse for skipped inspections or food making it through inspection that is infected with dangerous bacteria that can make people severely ill or worse. Once again, there’s no better time than the present to start growing your own food!


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In a notable turn of events, the Taco John’s franchise has chosen not to uphold its trademark for the term “Taco Tuesday,” as reported by The Wall Street Journal, fittingly published on a Tuesday.
The dispute arose when Taco Bell, a part of the Yum! Brands restaurant portfolio, petitioned the U.S. Patent and Trademark Office in May to cancel the trademark, asserting that “Taco Tuesday” is a generic phrase and should be accessible for any taco vendor to use legally.
Taco John’s CEO, Jim Creel, stated that defending the trademark could cost around $1 million, a price deemed too steep for the company with nearly 400 restaurants across 20-plus states. Instead, they decided to redirect the funds towards a charitable cause, with a $40,000 donation to Children of Restaurant Employees, a nonprofit supporting restaurant industry workers with children. Creel expressed his hope for Taco Bell to also contribute to the organization.
Taco Bell cleverly utilized the “Taco Tuesday” dispute in their marketing campaign, featuring NBA superstar LeBron James advocating for the liberation of Taco Tuesday. Interestingly, James had attempted to trademark the term in 2019, but the trademark office rejected it, considering it a common phrase.
Since 1989, Taco John’s held the Taco Tuesday trademark in every state except New Jersey. The trademark for the Garden State is owned by Gregory’s Restaurant & Bar in Somers Point, N.J. Taco Bell had also filed a petition in May to end Gregory’s trademark, prompting the owners to announce their intent to defend their trademark in June.
Reluctantly, Creel shared that Taco John’s conceded the trademark battle. He expressed mixed emotions, calling it a sad day for the company, its franchisees, and many customers. Nonetheless, he emphasized that Taco Tuesday will continue for Taco John’s and others, despite the trademark resolution. Previously, Taco John’s had sent cease-and-desist letters to restaurants using “Taco Tuesday” without authorization.
To get to know who are the industry key players, visit our Interview of the Week page.
To stay updated, visit our Franchise News section.
To learn more, visit our Franchising Tips section.


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Retail Week was granted exclusive access to the site, which is located above Birmingham New Street station and is due to open next year.
The scheme will be anchored by a 250,000 sq ft John Lewis. The department store will be the biggest John Lewis outside London and will join a host of leading retail names, including The White Company, L’Occitane, Kiehls and Cath Kidston.
The scheme’s atrium roof, made from the same material used at the Eden Project in Cornwall, has been successfully lowered into place.
When construction is completed the scheme will compromise 40 retail units and 20 cafes and restaurants. At present 85% of the retail and leisure units are signed or under offer.
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01/17/2011, 01:01 pm
Nokia is pulling the plug on its Ovi Music Unlimited service in nearly every market it serves, citing incompatibility with iPods as a key problem.
01/17/2011, 08:01 am
The average iOS device has seen more than 60 applications from the App Store downloaded on to it, putting Apple's digital download destination for the iPhone and iPad on pace to eclipse the iTunes Music Store this March.
01/14/2011, 06:01 pm
The debut of The Beatles on iTunes has proven extremely popular, with the band selling 5 million songs and a million albums solely from Apple's digital music store.
01/14/2011, 11:01 am
As the App Store for iOS approaches its 10 billionth download, Apple has launched a countdown clock, and a new promotion that will give the person who downloads the 10 billionth application a $10,000 gift card.
01/07/2011, 09:01 am
A Chinese online store is selling hacked, illegal iTunes accounts tied to active credit cards, offering $200 worth of content from Apple's service for as little as $30.
01/06/2011, 03:01 pm
It reportedly took a one-of-a-kind deal in which the band is directly paid royalties from song sales to bring the entire digital catalog of The Beatles to iTunes.
01/05/2011, 03:01 pm
As Apple prepares to bring its wildly successful App Store phenomenon from iOS to the Mac, Amazon is launching its own Android app store while LG and others open TV apps stores, even as existing ones, including the Chrome Web Store, flounder.
01/03/2011, 04:01 pm
Movie studios have quietly expanded the feature set of content available on Apple's iTunes Store, allowing users to search a film's script for specific words, or select a clip and share it with others on a social networking site.
12/31/2010, 05:12 pm
Over the last half decade, Apple has radically changed what $299 can buy, with major advancements in the processor power, efficiency, connectivity, size, weight and quality of its iPod music player.
12/29/2010, 08:12 am
Though it is half as old as Netflix, Apple's iTunes rental service is believed to be about one-tenth the size of the competing rental service, one analyst has projected.
12/28/2010, 10:12 pm
Multi-billionaire and Microsoft co-founder Paul Allen has re-filed his patent suit against Apple, Google and several other major tech companies, adding specific examples of the alleged infringement.
12/28/2010, 01:12 pm
Apple is looking to expand its iOS development team with new employees who will enhance the company's cloud-based services for devices like the iPhone and iPad.
12/22/2010, 02:12 pm
Apple on Wednesday updated its Remote application for iOS devices, adding the ability to remotely stream a video from a computer's iTunes library to the new Apple TV via AirPlay.
12/22/2010, 10:12 am
Sony on Wednesday launched a new streaming music subscription service which it hopes will take on Apple's iTunes by offering a different approach to digital music sales.
12/20/2010, 05:12 pm
Users experiencing slow movie rental downloads via Apple TV or iTunes should make sure they're not using a centralized domain name service such as Google DNS, which can dramatically slow down media access to Content Delivery Networks.
12/17/2010, 12:12 am
According to new data from NPD, the iTunes Music Store gained three percent year over year, giving Apple 66 percent of the digital music market, while Amazon's strategy of daily bargains, where it sells albums for a loss, resulted in just a 2 percent gain to 13 percent.
12/15/2010, 09:12 pm
Some users are reporting that updating to iTunes 10.1.1, which is supposed to resolve issues that could cause it to crash, causes iTunes to crash, leaving them unable to open the application.
12/15/2010, 02:12 pm
Apple on Wednesday released a minor update for its iTunes software, as version 10.1.1 addresses various bugs and issues that could cause it to crash.
12/14/2010, 12:12 am
A consortium of Japanese publishers rebuked Apple on Tuesday for approving App Store apps that violate the copyrights of several famous Japanese authors.
12/11/2010, 03:12 pm
Despite the delivery of a variety of new and improved smartphone models, the Android experience is still straggling behind Apple's iPhone, particularly in the area of its App Store.


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Easy swaps to beat inflation: Ditch margarine for butter, coffee for tea and lamb for chicken... as prices rocket, let our guide ease the squeeze
- Inflation is at its highest rate in nearly a decade
- Rising transport costs and energy prices are responsible for much of the surge
- Food prices up 1.3%, while cost of non-alcoholic drinks have increased 0.7%
The Inflation rate has soared to its highest level in nearly a decade.
Price rises over the past 12 months hit 4.2 per cent in October — up from 3.1 per cent in September — and economists have warned inflation could soon hit 5 per cent.
But what exactly does it mean for your pocket? From the climbing cost of petrol to the falling price of pizza, Money Mail has analysed reams of Office for National Statistics (ONS) data to help you understand where you might be feeling the pinch, so you know where to make cutbacks that can ease the pain.
Rebecca O'Connor, head of pensions and savings at Interactive Investor, says: 'Prices are rising generally, but look closely and you'll see that the increases from product to product vary significantly.
'This means it's more important than ever to keep a close eye on your bills and compare what you paid last month or even last week for regular items to see where the biggest hits are.'
HOW THIS IS MONEY CAN HELP
Food and drink: Up 1.2%
Food prices have now risen by 1.3 per cent, while the cost of non-alcoholic drinks, such as coffee and juice, have increased by 0.7 per cent.
But supermarket bosses have warned that prices could rise by as much as 5 per cent before the end of the year, as the industry struggles with supply issues.
The choices you make in the supermarket could help mitigate the impact of inflation.
The price of whole milk has soared 4.9 per cent, while low-fat milk is up just 2.1 per cent — so could be a good swap.
Butter has risen by 6.4 per cent, but margarine is up 15.6 per cent. Bread now costs 1.6 per cent more, but flour is down 14 per cent after surging during lockdown.
Meanwhile, chocolate is down 1.5 per cent, but ice cream is up 5.5 per cent. Yoghurt costs 9.7 per cent more, but cheese is cheaper by 0.3 per cent.
Pizza and quiche are 2.7 per cent cheaper, and pasta 1.2 per cent. But rice is up 3 per cent.
Similarly, the price of lamb and goat has risen 8.5 per cent, while poultry is just 1 per cent more. And while the price of dried fruit and nuts is up 4.8 per cent, the cost of fresh fruit has risen by 1.9 per cent.
You could save by choosing tea (0.3 per cent cheaper) over coffee (4.2 per cent more expensive).
Alcohol and tobacco: Up 1.8%
If you are a drinker or smoker, then you will feel the pinch more. The price of wine has risen by 2.7 per cent, while for beer it's 0.5 per cent.
Fortified wine such as port now costs 5.4 per cent more, but spirits have fallen 0.2 per cent in price.
The cost of tobacco has risen 2.4 per cent, with cigars soaring 6.9 per cent in price and cigarettes costing 2.9 per cent more.
Clothing: Down 0.4%
Buying a new wardrobe is slightly cheaper than it was a year ago. Though, while men's clothing is down 0.3 per cent in price, women are paying 1.4 per cent less.
And men's shoes are 2.9 per cent more expensive, yet women's shoes are 1.4 per cent less so.
Children's clothing is 1.9 per cent more costly, so too are all clothing accessories, which are now priced 9.6 per cent higher.
It will also set you back 8.6 per cent more to hire or repair clothing, and cleaning prices are up 3.1 per cent.
Household bills: Up 6.8%
The rocketing price of energy is a major factor behind spiralling inflation. Gas has now surged 28.1 per cent in price, while electricity is 18.8 per cent dearer. Water costs 2.5 per cent more.
Yet there is very little bill-payers can do to save on utilities. The rising cost of energy means providers are no longer offering discount deals to those who switch suppliers.
Building materials needed for home repairs and renovations have also risen 13.6 per cent.
Home furnishings: Up 5.7%
Now is not a cheap time to be sprucing up your home's interior. The price of furniture, furnishings and carpets has shot up by more than 10 per cent in all.
Curtains and fabrics now cost 2.1 per cent more, carpets and rugs are priced 5.5 per cent higher, and bed linen is 5.2 per cent pricier.
Household appliances are also more expensive than before. A fridgefreezer is 12 per cent dearer, washing machine prices are up 7.2 per cent and cookers cost 6 pc more.
The only household items included in the ONS data to fall in price are cutlery and silverware, which have decreased 1.5 per cent.
Health costs: Up 1.2%
Pills and medical equipment are now slightly less expensive — with prices falling by 0.6 per cent. Eye glasses and contact lenses are also down in price by 0.5 per cent.
But health costs are higher, as dental services are now 3.8 per cent more expensive, and hospital prices, including private surgery and nursing home fees, are 6.7 per cent up.
Transport: Up 9.9%
Rising transport costs, along with energy prices, are responsible for much of the UK's inflation surge. And the cost of travel by car has soared over the past year.
Second-hand car prices are now 22.8 per cent higher, owing to a shortage of new motors. Petrol costs 22.5 per cent more, whereas diesel is 20.5 per cent pricier. New motorbikes are 6 per cent more, and bicycles cost 15.7 per cent extra.
But it's not just motor vehicles that have been hit by inflation. Air travel costs 16.2 per cent more and train tickets are up 3.2 per cent.
Communication: Up 1.4%
The cost of sending cards to friends and family this Christmas will be higher than last as postal service prices have risen 5.6 per cent.
The good news is that mobile phone prices are down 4.2 per cent and landline telephones are 1.9 per cent cheaper than last year.
Yet internet access costs 1.5 pc more, and broadband and phone deals are 2.2 per cent pricier.
Leisure and recreation: Up 2.5%
The bad news ahead of Christmas is that toys and games are now 3.8 per cent more expensive.
Garden products are 9.2 per cent pricier, sport equipment is 4.7 per cent more costly, and vet services for pets are up 4 per cent. Camping equipment is also more than 10 per cent higher in price.
Yet books are 1.1 per cent less expensive. And while cinema, theatre and concert tickets are 9.5 per cent pricier, a visit to a museum or zoo will cost you 4.9 per cent less than last year.
Restaurants and hotels: Up 6.3%
Eating out now costs 5 per cent more than it did last year. And you can't escape the increase by ordering fast food and takeaways, as these will also cost you 3.4 per cent more.
The rises can be blamed in part on climbing food prices, and the end of VAT relief for restaurants and cafes during the pandemic.
And you'll have to spend a little more time saving up before you book any holidays, as hotel stays will set you back 14.7 per cent more, and campsite costs are 16.9 per cent higher.
How to invest for better returns
By Simon Lambert
Savers with large amounts of money in cash that is comfortably above and beyond what they need to set aside for a rainy day - and is not needed in full for expenses in the near future - should consider investing for better returns.
Even if you only start to do this with a relatively small chunk of your money - such as 30 per cent - that’s something.
A well-diversified portfolio of shares has been proven by study after study to be your best chance of beating inflation and growing wealth over time.
The simplest option is a broad global tracker fund, or you could try to be clever and opt for an active manager who tries to beat the market but remember they might not.
Simple investing is pretty easy and cheap to do yourself using a DIY investment platform, as this quick guide to starting investing explains, but if you’ve got lots of money at stake or are unsure about what you are doing it might be wise to speak to an independent financial adviser.
Tips and tools to get your money invested
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Scientific Games Corporation has published its Q4 and full year results for the 12 months to December 31, 2018. The firm finished 2018 with a flourish thanks to a strong performance in the fourth quarter, but there was no hiding the $151m hit on what were otherwise positive full-year results arising from the now closed off legal matter with Shuffle Tech. On a bright note for its digital business, total revenue increased to $71.5m, due in part to $51.7m of revenue from NYX.
Headline figures from Q4 included revenue growth of eight per cent to $885.7m, up from $823m year-on-year, reflecting the contribution from NYX, along with improved performance in the firm’s lottery and social businesses. Net income was $206.8m for the quarter compared to a net loss of $43.1m in the corresponding period in 2017, driven by improvement in operating income and due to a $183.1m reversal of 55 per cent of the previously established reserve related to the Shuffle Tech legal matter.
In terms of full year highlights, revenue increased nine per cent, or $279.6m, year-on-year to $3,363.2m. Net loss was $352.4m compared to a net loss of $242.3m a year ago. The firm cited $253.4m restructuring costs and other charges primarily comprising the Shuffle Tech legal matter and $27.5m for contingent consideration associated with the higher-than-expected results from the 2017 acquisition of Spicerack.
Barry Cottle, CEO and President, said: “This is a very exciting time for Scientific Games. We’re focused on developing the best games and the most innovative platforms to deliver outstanding gaming experiences wherever and whenever players choose to play. We are building momentum and continuing to grow our business while at the same time operating more efficiently. The entire organization is enthused about 2019 and focused on helping our customers win, which will drive our free cash flow and create meaningful value for our shareholders.”
Michael Quartieri, Chief Financial Officer, added: “We continue to grow our top line driven by the strength of our products. We believe there are opportunities for further growth in 2019, both on a top line and bottom line basis as we are firmly committed to maximize free cash flow and deliver our balance sheet.”
Turning to gaming revenue, SG reported a fall of $22.7m, including an unfavorable $6.8m impact on gaming operations from revenue recognition accounting effective in 2018. AEBITDA decreased two per cent, or $4.6m, to $233.2m, but reflected a 130 basis point improvement in the AEBITDA margin to 49.6 percent driven by product mix shift in the comparable quarter to higher margin table products and gaming systems.
Gaming operations revenue, meanwhile declined $17.8m in the fourth quarter of 2018, including again the negative impact from the new revenue recognition accounting. “Our WAP, premium and daily-fee participation ending installed base was impacted on a year over year basis by the long-term strategic relationship we entered into in Oklahoma in the third quarter,” said the company, adding: “On a quarterly sequential basis, we experienced a 111 unit increase in the installed base and a $1.65 increase in average revenue per day. Our installed base on a quarterly sequential basis of other leased and participation games increased by 121 units with average daily revenue down $0.34, which reflects additional lower yielding units in Greece.”
There was a drop, too, in gaming machine sales revenue to the tune of $23.1m year-on-year. The prior year included 884 units for new opening and expansion units and 700 VLT units to Canada versus only 286 units in this year’s quarter for new openings and expansions. The average sales price was $16,113, in the fourth quarter reflecting a greater mix of lower priced units.
Gaming systems revenue, however, increased $8.1m to $91.6m, primarily due to ongoing systems installations in Canada, coupled with increased hardware sales, primarily the iVIEW®4. Table products revenue increased $10.1m to $60.1m reflecting, said the firm, strong global demand for shufflers and table products.


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Bitcoin and other cryptocurrencies have been on quite a run over the last year and it has brought out all of the skeptics in full force. Much like the early to mid-90s when you could put a dot com after anything and investors poured money in. It seems that today the equivalent is putting a “coin” out and the “investors” flock to it. With the Chinese government’s recent crackdown on Initial Coin Offerings (ICOs) in the last week the skeptics for crypto currency have been given another arrow to shoot at the “price bubble”. (more…)
Navigating the World of Cryptocurrency:
In The Hitchhiker’s Guide to the Galaxy the characters visit the planet Magrathea which is home to the planet building industry. Bitcoin is much like Magrathea and the Alt-coins in the cryptocurrency universe are like the planets that get built.
What are Alt-coins?
Altcoins are cryptocurrencies other than Bitcoin. Altcoin is a combination of two words: “alt” and “coin”; alt is short for alternative and coin as to do with currency; together they imply a category of cryptocurrency that is alternative to Bitcoin itself.
The majority of altcoins are forks of Bitcoin and are slight changes to the underlying Blockchain. Altcoins are the later alternative cryptocurrencies launched after the immense success Bitcoin had after its release in 2009. After the Bitcoin became a success, many other peer-to-peer digital currencies have emerged in an attempt to imitate it.
In General, altcoins are alternatives to bitcoin because they tend to improve and solve the Bitcoin protocol’s limitations and features. Alternative currencies aim to be better substitutes to Bitcoin, or serve different niche markets. (more…)


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Blog: What’s Obama's textile policy?
Leonie Barrie | 6 November 2008
At last the wait is over. The US and the world yesterday (5 November) woke up to the news that Barack Obama has been elected as the new president of the United States, securing a victory in one of the longest, most expensive and most hotly contested presidential elections in years.
But now the election race has been won, the journey there is probably going to seem like the easy part of the ride. Obama’s message of change might have dominated the headlines, but he not only faces the daunting task of turning around a weakening economy, he also has to contain America’s war in Iraq and Afghanistan and help bring the world out of recession.
So it’s probably not unreasonable to assume that textile and apparel issues won’t be at the top of his agenda for some time to come.
But what is his stance on trade? Well we know Obama’s general position during his presidential campaign has been to support the American manufacturing sector in an attempt to save jobs.
“That means opening markets abroad for our manufactured exports, and including enforceable labour and environmental standards in free trade agreements,” he says. “It also means strong enforcement of our trade remedy laws at home and of our trade rights abroad.”
Obama's campaign also said it would amend the North American Free Trade Agreement and end tax breaks for companies that send jobs overseas.
And we also know from a letter sent to the National Council of Textile Organizations (NCTO) last month, some of his thoughts on issues facing the US apparel and textile industry specifically.
These include promises to launch a programme to monitor imports of Chinese textiles and apparel once safeguards are removed at the end of this year, to preserve the yarn forward rule in free trade agreements, to support the “buy America” Berry Amendment, and to increase funding and enforcements efforts regarding unfair trade practices.
He also pledged to use all diplomatic means to end currency manipulation by the Chinese government to boost exports and discourage imports.
All of which hints that the election of Barak Obama and a wider majority for Democrats in the US Congress could result in less “free textile trade” that sends jobs overseas and more “fair textile trade” in the coming years.
But perhaps more important than what the President-elect did say on textile and apparel trade was what he didn’t.
He didn’t provide an answer regarding textile issues in the Doha Round; he said he would determine trade remedy cases “on their merits”; and he simply said he would use import monitoring to “help ensure that imports from China do not violate applicable laws and treaties.” Which is exactly what’s happening.
So depite the hopes of the US protectionists, perhaps the new government won’t be showing a tougher attitude towards China after all.
The election of Barack Obama as the next president of the United States brought with it a mixed reaction from the US textile and apparel industries who, for the first time in eight years, must deal wi...
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U.S. inventory futures inched larger Friday after the month-to-month employment report confirmed the labor market continued its restoration in Might.
S&P 500 futures rose 0.4% after wavering between good points and losses earlier within the session, whereas Dow Jones Industrial Common futures added 0.3%. Modifications in futures don’t essentially replicate strikes after the opening bell.
Shares are on monitor to submit muted losses for the week following a pullback in shares of know-how and consumer-discretionary firms that offset good points in different sectors. The technology-heavy Nasdaq Composite has fallen about 1.2% this week, placing it on monitor for its worst week since mid-Might.
One issue that did ease some traders’ issues: the Might jobs report. Labor Division information confirmed the U.S. economic system added barely fewer jobs than economists had anticipated, whereas the unemployment charge fell greater than anticipated. Collectively, the blended information steered the Federal Reserve will proceed to be affected person earlier than paring again extra assist from the economic system.
“Nothing from right now goes to maneuver the needle for the Fed imminently,” mentioned
deputy chief economist at Aberdeen Customary Investments, in emailed feedback.
Barring a sustained pickup in wage pressures, “the Fed stays satisfied that brief time period worth pressures won’t final, suggesting that charges will probably be on maintain till 2023 absent any nasty surprises,” Mr. McCann mentioned.
In bond markets, the yield on the 10-year U.S. Treasury observe fell to 1.611%, in contrast with 1.624% Thursday. Buyers had mentioned a better-than-expected jobs report might immediate promoting in protected authorities bonds, whereas the reverse might result in shopping for. Yields fall as bond costs rise.
Fiscal and financial coverage are seen as having been essential in propelling the inventory market’s restoration and rally to unprecedented ranges because the pandemic hit final spring. Buyers mentioned any indications that the Fed might finish its assist might result in volatility in shares.
“Simply printing cash and pumping it into the system has been a giant stimulus for markets, and the second you wean markets off that, it means markets want to face extra on their very own two ft,” mentioned Hani Redha, a portfolio supervisor at PineBridge Investments. “It’s a sort of coming-off-morphine sort of expertise.”
In the meantime, this week’s risky buying and selling in meme shares which have captured the eye of particular person traders seemed set to proceed on Friday.
Forward of the opening bell, shares of AMC Leisure Holdings fell 3.5%. The shares completed Thursday’s wild buying and selling session down 18% after the movie-theater operator mentioned it plans to promote extra inventory—whereas concurrently cautioning potential consumers of its shares that they could lose all their cash.
Shares of Pershing Sq. Tontine Holdings fell 10% premarket after the blank-check firm led by hedge-fund billionaire
confirmed that it’s in talks to amass a stake in Common Music Group.
shares added virtually 3%, extending good points from Thursday, after the auto maker mentioned whole U.S. gross sales in Might rose as a soar in SUV and electrified-vehicle gross sales offset declines in truck and automotive gross sales.
Bitcoin fell greater than 5% from its 5 p.m. Thursday stage after Tesla CEO
posted breakup memes on Twitter, writing “#Bitcoin” with a broken-heart emoji. Final month, he mentioned that Tesla had suspended accepting bitcoin as fee for autos, prompting a selloff.
Abroad, the pan-continental Stoxx Europe 600 ticked up 0.2%.
In Asia, most main benchmarks ended buying and selling on a blended observe. The Shanghai Composite Index ticked up 0.2%. Japan’s Nikkei 225 declined 0.4%, and Hong Kong’s Cling Seng Index slid 0.2%.
Copyright ©2020 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


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SIBLEY—Growing hemp will be legal in Iowa as early as next year, which is why Chad Smith spoke to about 30 farmers Tuesday, Sept. 24, at the Sibley Senior Center.
Smith, who is the chief executive officer of 119 CBD, explained his company works directly with prospective hemp farmers to learn the ropes of growing the crop responsibly and set them up for success in the emerging hemp and cannabidiol market.
“There’s a lot of analysts that believe it’s the greatest emerging market that we’ll see in our lifetimes,” he said. “Sales reached $1.9 billion in 2018, and analysts are predicting CBD sales will reach about $16 billion by 2025.”
Developing cannabidiol or CBD products is the primary retail focus of 119 CBD, with the aim of providing alternative treatment options for people living with chronic pain or illness.
Smith clarified that unlike some CBD products on the market, the products his company produces contain zero percent THC, which is the main psychoactive chemical in the hemp plant.
The 2018 federal Farm Bill, which legalized hemp production pending U.S. Department of Agriculture approval and approval from individual states, requires the level of THC in legally grown hemp must not exceed 0.3 percent. By having no THC, however, Smith said his company’s products have a competitive advantage since they can be sold in places around the world that prohibit the chemical.
When it comes to working with farmers, 119 CBD offers preharvest contracts to growers to ensure they have someone to sell their yield to after it is harvested. Smith said this would prevent situations he has heard about where hemp growers harvested the crop without having a seller lined up.
“We’re getting phone calls every day with folks that grew this year and have nowhere to sell their crop,” Smith said. “It’s crazy, there’s millions of pounds of biomass out there, and they don’t know where they’re going to go with it.”
Even with a preharvest contract, there are other risks involved with growing hemp such planting the wrong variety of hemp seed, cross-contamination and flooding. On the legal side, growers also must be careful not to accidentally grow hemp that is “hot” or that exceeds the 0.3 percent THC limit.
Steve Gruhn, president of Freedom Ag based in Spirit Lake, said he got in touch with 119 CBD about a month ago.
“We’ve been talking a lot. I wanted to vet them out, make sure they’re real. The guys are real,” he said, noting some purported CBD companies are frauds.
During the meeting, Gruhn provided insight into how growing hemp differs from growing crops such as corn and soybeans. For example, he said hemp plants need more room to grow properly and to be maintained, meaning farmers must change how they view their harvest size.
“The first thing you need to do is get out of your mind that you’re going to farm acres of CBD hemp. You have to think of, ‘I’m going to farm the number of plants and the number of square feet,’” Gruhn said.
Smith and Gruhn answered questions from the audience regarding the process of growing, harvesting and drying hemp.
Individual farmers can decide the exact means in which they want to grow the crop, Smith said, whether those be manual or automated processes. After harvest, farmers working with 119 CBD must dry the crop and take it to one of five CBD extraction sites the company works with.
JJ Wagenaar, a cattle farmer from Granville, asked about the legality of transporting hemp across state lines after Smith said the closet extraction site is in Colorado.
Gruhn said he thinks transporting hemp is legal in Nebraska as long as the grower has a license to produce the crop.
However, Smith added the legality of transporting the crop still is muddled and urged the audience to contact their lawmakers to push for clearer legislation regarding the matter.


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With the advancement of technology, no matter adults or children, mobile phones are always with them. Swiping mobile phones has become a daily habit for many people. In this regard, Japanese brain expert Ryuta Kawashima warned that high-frequency and long-term use of mobile phones will weaken people’s learning ability, difficulty concentrating and insomnia, and may even cause damage to the brain, especially for students. The score will drop with the length of using the mobile phone.
Brain scientist Ryuta Kawashima said that in fact, as early as more than ten years ago, experts pointed out that electronic products would cause harm to the human body. Due to the popularity of the Internet and long-term use of 3C products, people began to have poor comprehension of articles, easily depressed, Decreased learning ability, etc., appear to reduce the phenomenon of brain function. At the same time, with the development of time, the rise of various communication software and social games has caused this phenomenon to become more and more serious.
In 2013, Kawashima conducted a survey of 22,390 middle school students, collecting their daily use of mobile phones and daily reading time, and cross-compared with their math scores.It was found that students who used their mobile phones for a longer period of time per day had worse test scores, and even found that“Students who study for more than 2 hours but use mobile phones for 3 hours”lower grades“Students who study for less than 30 minutes but do not use mobile phones”It also made Kawashima express that “using a mobile phone for a long time is like wasting time and effort in studying.”
In this regard, Kawashima analyzed that the convenience of mobile phones and the prosperity of communication software caused the students’ attention to last for a short time. As soon as the notification rings, you immediately switch modes to deal with other things, causing a loss of concentration. Studies have also found that students who use more apps have poorer concentration in their studies. It is even inferred that using mobile phones for a long time under such conditions may cause damage to the brain.
Nowadays, with the rise of online classes, students can watch videos and listen to lectures, and at the same time look up proper nouns they don’t understand online. Kawashima believes that this will still lead to unsatisfactory learning results, because it is equivalent to falling into a state of constant switching. Turning off your phone is the “basic of the basics”.
In addition, the study found that children who use mobile phones frequently have almost no growth in the white matter of their brains in three years. For example, the brain power of students in the third grade of junior high school is still at the level of primary six, which also leads to children’s lack of attention and insomnia. question. For more information on current affairs, please continue to follow Urban Tech Story version!


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Toyota is all set to introduce a facelift for the Glanza in India - based on the recently launched 2022 Maruti Suzuki Baleno. However, the Toyota hatchback will feature some visual changes on the outside to make it look unique.
Upon arrival, the 2022 Toyota Glanza will put up against the Hyundai i20, Honda Jazz, Tata Altroz, Volkswagen Polo, as well as its doppelganger - Maruti Suzuki Baleno.
"However, in light of various factors impacting our supply, we are unable to meet the heightened demand".
The sedan now comes with a new front bumper, grille and alloy wheels, a floating type bigger 9-inch infotainment system, among others.
The company has signed a memorandum of understanding with Karnataka Bank, following which the bank will be one of the preferred financiers for the entire range of vehicles sold by TKM.
Kirloskar Systems CMD Vikram Kirloskar has announced the appointment of his daughter, Manasi Tata, as a member of the board of directors at toyota kirloskar motor (TKM).
The Legender was first launched in January 2021 in 4X2 diesel variant together with the new Toyota Fortuner.
toyota kirloskar motor (TKM) on Tuesday said it has partially resumed production at its Bidadi-based manufacturing plants in Karnataka. The company noted that it has commenced operations at two facilities with the prescribed workforce strength of 50 per cent.
The increase is necessitated to partially offset the substantial increase in input costs, it added.
toyota kirloskar motor (TKM) on Wednesday announced the extension of the ‘Toyota Parts Connect’ programme, which will help owners to opt for unique ‘door delivery’ of genuine parts.
Hybrid Electrified Vehicles (HEVs), which have both a petrol engine and an electric powertrain, are extremely environment friendly. As per a study by iCAT, a Government testing agency, HEVs can run 40% of the distance and 60% of the time as an electric vehicle with a petrol engine shut off. This gives HEVs tremendous fuel efficiency improvements (35-50%) and much lower carbon emissions.
toyota kirloskar motor (TKM) has sought simplification of laws to improve ease of doing business, roll out of scrappage policy and lowering of custom duties on imported vehicle parts in the upcoming Union Budget.
toyota kirloskar motor said it has withdrawn the lockdown, imposed in its Bidadi plant since November. This followed a meeting with Karnataka’s deputy chief minister.
toyota kirloskar motor is manufacturing less than 100 vehicles a day, down from about 450, due to the ongoing dispute between the workmen and the management, the company’s deputy managing director Raju Ketkale said.
toyota kirloskar motor and Toyota Kirloskar Auto Parts signed a memorandum of understanding with the southern state of Karnataka to invest Rs 4,100 crore, the group said in a statement Saturday. The rest will come from Toyota Industries Engine India.


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Is the electrical problem the battery? The electric vehicle segment has grown significantly and the evolution of the entire ecosystem can be clearly seen, especially in terms of autonomy and charging points. However, vehicle autonomy continues to be one of the areas of strong research and there are simply impressive solutions that show that we are on the right track.
A new battery that guarantees 1000 km of autonomy and that can charge up to 80% in just 10 minutes was recently unveiled.
Qilin battery has an energy density of 255 Wh/kg
The Chinese giant CATL revealed a fantastic novelty for the electric segment. It is a battery that guarantees 1000 km of autonomy and has the ability to be recharged, up to 80%, in just 10 minutes, fantastic isn't it? According to the channel insideevs, the new generation accumulator will have greater efficiency and energy density and will reach the market as early as next year.
The battery, named Qilin, has an energy density of 255 Wh/kg. CATL revealed that from 2025 it will supply state-of-the-art cylindrical cells to BMW, guaranteeing high performance to a new family of electric vehicles produced by the German company.
Despite all the innovation, CATL is not going through the best of times. In the first quarter of 2022, due to rising raw material costs, profits fell by 24%. In May, the company said it expected better results for the second quarter, having adjusted its pricing tables.
It should be noted that CATL sold the equivalent of 41.4 GWh of batteries in the first 4 months of the year alone, twice as much as LG Energy Solution, which "only" sold 20 GWh.