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Pacific Princess will cruise from Cape Town during the 2020 cruise season bound for Fort Lauderdale, with an option to extend all the way to Los Angeles as she completes her 111-night […]
TUI Cruises new cruise ship Mein Schiff 6 will cruise from Dubai for the second time in 2020, bound for Europe, while fellow German cruise line Phoenix Reisen are sending their vintage […]
Saga Cruises’ second new ship will feature a ‘bold and adventurous’ style plus a Nepalese speciality restaurant inspired by Gurkha heritage, the cruise line has announced.
Carnival Cruise Line has cut the first steel for its newest class of ship and revealed the new livery for the 180,000-ton XL vessel that will be the first-ever ship operating in […]
Azamara Club Cruises are expanding their Dubai cruise program significantly in 2020, with three cruise ships due to cruise from the city between March and November on five separate itineraries, two of […]
Phoenix Reisen will send its cruise liner Artania to Cape Town in 2020 for a cruise along the South African coast, and across the Indian Ocean to Mauritius.
MSC Splendida will return to Dubai in mid-2020 on her way home from China to Europe, cruising a 17-night grand voyage from Dubai to Genoa.
P&O Cruises’ 19-night cruise from Dubai to Southampton on March 24th, 2020 is a taste of what ocean liner voyages between Australia and Britain must have been like in the 19th and […]
Princess Cruises will sail its largest ever cruise season in the British and European cruise markets in 2020, with a 15% boost to capacity compared to 2019.
Following on from Norwegian Cruise Line’s announcement earlier this year that Norwegian Spirit would offer inaugural sailings from Dubai in the Arabian Gulf and Cape Town in South Africa, the cruise line […]


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Kohl’s Earns Energy Star Label at 50 Stores
Kohl’s announced it has earned the Environmental Protection Agency’s Energy Star label at seven stores in Colorado, 14 in Illinois, eight in Minnesota, 12 in New York, four in Utah, and five in Wisconsin.
The company touts its 50 Energy Star labels as the largest for a group of non-supermarket retail buildings.
Kohl’s will pursue LEED certification from the U.S. Green Building Council for all stores built from the ground up beginning this fall.
Earlier this year, the company also announced plans to convert more than 50 of its existing stores to solar power, and said when completed it will become the largest retail host of solar power.
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- Fulham Retrofit Kits EPA Approved
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- Window Films: Low Hanging Fruit for Efficiency Gains

domain: news


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Deploying KORE IoT connectivity and IoT solutions, BinSentry dramatically increases feed mills’ operational efficiencies by modernizing antiquated processes.
KORE, a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (IoT CaaS), today announced that BinSentry, an international AgTech company, has selected KORE as its IoT partner-of-choice to modernize time-worn measurement systems and drive operational efficiencies.
The two companies are enabling sectors of the agricultural ecosystem to innovate and leapfrog current methods, resulting in reduced costs, product waste, and time.
For decades, farmers have used a manual process to forecast the amount of feed they order. Still today, farmers bang mallets against the side of huge silos and place orders with feed mills based on the sound made by the strike, causing inaccurate forecasts and resulting in under-filling, over-filling feed transfers and late deliveries to bins. This traditional method tends to be expensive and wasteful because an information deficit exists.
An average feed mill services a range of 500 to 5,000 bins to deposit with feed on a weekly basis at farms around the world. The logistics of delivering feed requires good data so that mills can operate efficient production and supply chain processes.
KORE President and CEO Romil Bahl, said:
“This is the ‘decade of IoT,’ and in many industries, like agriculture, healthcare, and fleet management, it’s an exciting time of exploration and innovation — much like what I imagine the Industrial Revolution was like at the turn of the 20th century.”
“Through our work with BinSentry, we’re providing an IoT one-stop-shop to some of the most recognizable commercial outfits in the farming industry, resulting in data-powered delivery route optimization, accurate feed forecasting and ordering, and increased automation of the inventory tracking and ordering process. With access to a conduit of IoT connectivity, asset monitoring, and APIs, the average feed mill has the potential to save millions of dollars.”
KORE powers the BinSentry automated feed ordering platform with a single-source of reliable IoT connectivity that makes it easy for feed mills to gauge quickly and accurately in-bin feed levels on vast farms located globally. The feed mills then acquire and manipulate critical data streaming off of those bins in real-time via APIs so that they can plan their supply and delivery based on real-time data at the individual silo level.
Bringing efficiencies to on-farm inventory monitoring, ordering, and restocking with IoT technologies and analytics has an important knock-on effect. According to the U.S. Department of Agriculture, agriculture accounted for an estimated 10.5 percent of U.S. greenhouse gas emissions in 2018 of which feed deliveries are contributors. Farms and feed mills are already struggling with sustainable production on top of handling and organizing massive amounts of resources. With access to mission-critical information and data that is pulled from the IoT enabled monitors, feed mill trucks are able to deliver the right amount of feed at the right time to the right farm and travel between 15 percent to 25 percent fewer miles, significantly reducing the feed mills carbon footprint, reducing their labor needs and saving costs.
“BinSentry was founded four years ago to solve the information deficit that is a significant pain point in the relationship between feed mills and their farmers and growers,” said Randall Swartzentruber, founder and CEO, BinSentry. “Our goal with BinSentry is to close that information gap, and the best way to do that is with IoT connected devices sending accurate and reliable data to a comprehensive feed ordering automation software, enabled by the comprehensive and future-forward wireless networks being provided by KORE. Now, our feed mill customers can look at their dashboards and in real-time see exactly how much product exists in every single feed bin that they service, act proactively to manage demand and then plan accordingly. It takes only 15 minutes to install the IoT-powered sensors to solve a 40-year-old problem.”


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General Motors on Tuesday confirmed production of the 2023 Cadillac Lyriq electric SUV will begin March 21, and new orders will open May 19.
GM initially only accepted orders for an initial Debut Edition model. The automaker said the first batch of vehicles sold out in just 10 minutes, but has yet to reveal how many. However, Cadillac currently plans to produce 25,000 annually, according to a Automotive News report.
While some dealers did not show up sold As for its plans to bring Cadillac all-electric when they’re announced in 2020, GM also said it will bring Cadillac dealers into a “new Cadillac EV experience” based on its digital retail platform. car manufacturer. This will provide a more convenient alternative to conventional shopping for consumers, while reducing costs and complexity for dealers, the automaker claims.
2023 Cadillac Lyriq
Built in Spring Hill, Tennessee, at Saturn’s former home, the Lyriq is expected to arrive earlier than its original due date. At the end of 2020, GM announced that it had pushed back its launch time by 9 months and was on track to meet its revised target.
Up close, we found Lyriq’s light and visual signature it’s spectacularand has good usable space – albeit a five-seater. GM is predicting more than 300 miles of EPA-rated range from a 100 kWh battery pack in early versions. While an all-wheel drive version is on the way, the Debut Edition only gets a single engine delivering 340 horsepower and 325 pound-feet of torque to the rear wheels.
At $59,990including arrival fees, now seems like a much better deal when the price was first announced — thanks to all Tesla price increase. Lyriq has now lowered the price of the Tesla Model Y, which just increased its base price by $3,000. The entry-level Model Y long range now starts at $64,190.


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PARIS - A trade fair kicked off in Paris on Saturday to promote apples and other agricultural products from Aomori Prefecture.
“This is the first public relations event in Europe for Aomori-grown apples,” Ikuo Sasaki, vice governor of the prefecture, said during the opening ceremony.
“We hope this fair will provide chances for the prefecture to start exporting its agricultural products on a regular basis,” Sasaki added.
At the opening ceremony, bento lunch boxes filled with Aomori-produced agriculture and fishery products as well as apples and sake were provided.
The trade fair, scheduled to end on Dec. 20, opened at an antenna shop set by logistics firm Yamato Holdings Co. and Japan Airlines Co. in September to promote Japanese farm products.
A guest said Japanese fruits are more expensive than French-grown ones and should hopefully become less expensive.
Efforts will be made to offer high-quality Japanese farm products at reasonable prices, said Yutaka Nagao, president and chief executive officer at Yamato Holdings’ Yamato Transport Co. unit.


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Sony just got the go ahead from the European Union to purchase Ericsson’s 50% share in the Sony-Ericsson joint venture. Sony had announced its plans to buyout Ericsson back in late October, and since then has announced a few devices bearing only the Sony name at CES this year. With the move, Sony hopes to turn its mobile business around while putting its focus the Android platform. We still don’t know if Sony plans to bring its mobile line up to the U.S, but we’ll be sure to let you know as soon as we do.
Source: The Verge


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With marijuana still classified as a Schedule I drug by the U.S. federal government, few institutional investors have been willing to write checks to cannabis companies. Despite the barriers, this hasn’t stopped the rise of a new clique of sector-specific firms that have a deep understanding of the nuances and challenges of investing in such a highly regulated and fragmented market.
The value of venture deals in the cannabis space has really taken off over the past few years, from a couple of hundred thousand bucks to billions of dollars currently.
PitchBook Data, a SaaS company that delivers data for private capital markets, started keeping tabs on the marijuana industry in 2012. Back then, the sector only recorded two VC deals worth a combined $300,000.
Fast forward to 2017 and venture capital funds flowing had multiplied more than a hundredfold to $378 million. A year later, the sector reached an important milestone with VC deals hitting the $1-billion mark.
Well, it just keeps getting better for the infantile industry. PitchBook has revealed that the sector has managed to garner $1.3 billion in VC investments through mid-June, an annual run-rate about 2.8x greater than the previous year’s.
(Click to enlarge)
A double-edged sword
With the cannabis industry expected to enjoy impressive growth runways to hit $75 billion by 2030, such a speculative move appears justifiable.
Yet, the ongoing legalization drive across many parts of the globe is a catch 22, double-edged sword that could present both tailwinds and headwinds for these ambitious VC firms.
Related: Wall Street Is Finally Getting Behind Pot Stocks These cannabis-specific funds have mostly been raising money from private investors or family offices that have a higher risk appetite than your average pension fund. They tend to get into top startups before the heavy hitters can start throwing their weight around. Some of their investments are in actual weed growers while others are in adjacent businesses such as retail, finance, logistics and accessories that support the fledgling industry. Think of these investments as being akin to the difference between oil producers and supporting oilfield services.
But there’s no denying the inherent risk in their approach.
Whereas legalization is expected to open up the industry’s addressable market, to survive, these VC firms will have to be nimble enough to quickly adapt to a rapidly changing consumer and regulatory environment.
After all, why would marijuana companies need the services of specialized financial facilitators once everyday banks open up their doors? Or those of specialized logistics firms when traditional firms like FedEx are willing to play ball? Or even specialized retailers when neighborhood pharmacies and gas stations are selling the stuff?
Granted, some service brands are likely to survive even after the federal government finally grants the industry a carte blanche. After all, plenty of wine stores still exist in areas where wine is easily obtainable in supermarkets. Many though will surely disappear—a chilling prospect that’s likely to keep many potential investors on the sidelines. Related: Is Asia About To Create Its Own Common Currency?
As Tilray Inc.’s CEO Brendan Kennedy has admonished, as reported by Axios, "Investing for the short-term in specialized companies that become irrelevant after legalization has never made sense to me."
Legalization presents a major overhang for VC firms and investors looking to cut themselves a stake in young and promising marijuana startups.
Plenty of growth runways
Nevertheless, don’t let anyone fool you into thinking that these speculative investments will dry up any time soon. The explosive growth by the fledgling industry has won over even die-hard critics determined not to miss out on the next major leg up.
Notably, famous Wall Street short seller Andrew Left of Citron Research says he does not believe the industry is facing a bubble and even plans to create a marijuana fund.
Seems like everyone wants in, with hedge fund legend Leon Cooperman saying he’s investing in the industry.
Meanwhile, some of the hottest companies in the booming sector have gone on hiring sprees, an indication of how much competition has heated up in the industry.
Despite the impressive growth, VC investments in the weed sector are still relatively tiny—individual tech companies have done singular rounds greater than $1.3 billion. You can expect this figure to keep expanding despite the genuine risks that will accompany legalization.
For speculative investors, a caveat emptor is in order, with proper due diligence recommended.
By Alex Kimani for SafeHaven.com
More Top Reads From Safehaven.com:


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April 7, 2020
Luxury Daily's live news:
Britain’s Walpole gets Italian counterpart Altagamma to share what it is like in besieged Italy
British luxury trade lobby Walpole got Fondazione Altagamma, its sister organization in Italy, to share the fallout of the COVID-19 coronavirus pandemic on the country and the luxury sector.
Net-A-Porter restores UK online ordering with delayed fulfillment
Online retailer Net-A-Porter is open again for business in the United Kingdom and Europe after finding a workaround to take orders from customers even as its distribution centers remain closed.
Langham Hotels breaks pink-hued sharing campaign of positivity
The Langham Hotels & Resorts is running a social media campaign called #inthepink as a means to share favorite moments as consumers are under siege from the COVID-19 coronavirus outbreak.
Ralph Lauren Corp., hit hard by COVID-19 retail lockdowns, to furlough employees, corporate staff starting April 12
Suffering the consequences of the COVID-19 lockdown measures worldwide, U.S. fashion giant Ralph Lauren Corp. has given warning that starting April 12 it will put the vast majority of its store employees and a portion of its corporate staff on unpaid temporary furlough.
Gucci, targeting the housebound, takes viewers inside the kitchens of Gucci Osteria da Massimo Bottura
Italian fashion label Gucci is giving consumers a virtual tour inside the kitchens of Gucci Osteria da Massimo Bottura, whose latest outpost opened recently two months ago in Beverly Hills, CA.
Affluent flee to second homes in COVID-19 pandemic: Will house prices and rents go up?
As dense, big cities such as New York, London and Paris are hit by swathes of COVID-19 cases, some affluent dwellers have fled to more spacious and greener pastures, hinting at a boom for the second-home market.


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If you want to know how Weight Watchers stock is doing, look at how Oprah is talking about her weight.
The company's shares rose almost 12% on Thursday morning after the TV star and Weight Watchers board member announced she had lost 40 pounds, in an advertising campaign set to run around Christmas. The stock was rose by as much as 15% after the ads emerged.
Weight Watchers was struggling before Oprah bought a $43 million stake in the company and joined its board in October 2015 (the stock doubled that day). The company's CEO departed earlier this year, and it's now run by a trio of senior executives. They're doing their best to turn the company around, but what boosts its stock is anything Oprah related. In late December, 2015, an earlier Oprah-centric ad campaign pushed the stock up27%.
The stock soared again in January this year when Oprah tweeted a video about how she managed to lost 26 pounds despite regularly eating bread. The shares even jumped 3% when she told People in August that that thanks to recent weight loss that her partner Stedman Graham "can pick me up and carry me to the pool."
Overall, Weight Watchers shares are up over 70% since Oprah bought in, although they're down almost 50% this year. Subscribers to its service are up 10% in the last year.


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Thursday, July 1, 2010
LG to Make Comeback in the Smartphone Market
Posted by Pete Paxton in "Windows Phone News" @ 02:00 PM
"Ahn said that his company is planning to launch more premium smartphone models this year. They are based on Google-powered Android and Microsoft's Windows Mobile, and North America and Europe will also be targeted. "We will boost our premium lineup," Ahn said in an interview. His comments came at a time when LG has become a bystander in the battle between Apple and Samsung in the important mobile segment. This produced a significant drop in operating profit in LG's mobile business to 0.9 percent in the first quarter of the year from more than 10 percent in previous quarters. The trend is widely forecast to continue with a further slide in the second quarter."
This is a big deal to LG and Microsoft - two companies who've sat on their duffs over the last few years and watch the world go by. It's interesting that Ahn Seung-kwon, the company's mobile business chief, said he didn't expect the smartphone market to mature this quickly. Other companies definitely knew. When asked when LG will produce an Iphone killer, he mentioned that a Windows Phone 7 device will be out during the second half of this year. We know the latest Iphone has had its share of bugs but it's also getting some great reviews. So now my question: Do LG and Microsoft have what it takes to market a device that will truly be an Iphone killer? I would love to think so.


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Jewelry store robber steals $6,000 ring
Man caught on video
A $6,000 ring set was stolen from a Jackson jewelry store early Monday evening.
The owner of Carter Jewelry said a man stole the ring set at around 5 p.m. at the store’s State Street location.
Staff members caught the thief on camera. The robbery occurred as a man walked into the store and approached the counter.
After trying on several rings, the robber only hands one of them back, and then rushes out of the store.
"He said he had a band out in the car and wanted to go get that band to see how it looked with it,” owner Jerry Lake said. “So then when he walks out, she realizes that the other set of rings that he was not really interested in was gone."
Lake said he has put in additional security measures since the robbery.
People with information about the robbery are asked to call Crimestoppers at 601-355-TIPS.


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The Secretariat of the International Rubber Study Group (IRSG) publishes comprehensive data on production, consumption, trade and prices – covering both natural rubber (NR) and synthetic rub... Read more
Sumitomo Rubber Industries, Ltd has announced that the company has set up a new subsidiary for the procurement of natural rubber. Called Sumitomo Rubber Singapore Pte. Ltd, the new company w... Read more
Pirelli has launched a digital platform to build awareness about natural rubber. The goals of setting up such a platform included building awareness about this precious primary material, con... Read more
The Goodyear Tire & Rubber Co. has announced a new policy that would make its procurement process more supportive of the environment and human rights in the areas from which it sources... Read more
General Motors has teamed up with tire manufacturers to make a commitment that it would source only OE tires made form sustainable natural rubber. The automotive manufacturer says that this... Read more
The Thai government is hoping to promote the use of natural rubber grown in the country through production of its own tire brand named TH-Tyre. Made by The Rubber Authority of Thailand and T... Read more
In a development that could eventually have significant impact on the tire industry, scientists at the University of Minnesota have come up with new technology to make automobile tires from... Read more
From the perspective of the small time rubber farmer, life has been a rollercoaster ride recently. After reaching a high of USD 3.982 per kilo in February 2012, the price of natural rubber d... Read more
The Thailand Board of Investment has announced that it will be investing USD 100 million in building an automotive testing center to support the country’s growing tire and natural rubber in... Read more
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Continental Receives first Series Order for Vehicle High-Performance Computer in China
NEW AUTONOMOUS SHUTTLE BUS COLLABORATION BETWEEN SENSIBLE 4 OY AND MOOVE GMBH
Lincoln marks the UAE’s golden jubilee with a unique view of the country from 1,500 feet in the sky
Volvo Penta to power Hurtigruten Svalbard’s new hybrid vessel
© 2017 Morjan Media LLC. All Rights Reserved.


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As schools shoehorn textbooks, learning assets and entire curriculums onto digital devices, will funding for content management technology be able to keep pace? A recent study suggests not.
SAP recently announced that SAP Archiving by OpenText now runs on the SAP Hana platform and includes support for HANA Enterprise Cloud service deployments. The move expands the integrated offerings originally launched for SAP Business Suite in May of last year.
What should you look for in your latest CMS?
3 ways to jumpstart your content marketing
Oracle Eloqua recently announced the launch of Cloudwords, a globalization platform its customers can use to quickly localize marketing assets and deliver online content in a user's native language.
ECM vendor OpenText has announced a new Discovery suite with a focus on 'Big Content' and information governance.
Welltok combines mobile, social, cloud and data to help you live a healthier lifestyle.
With a focus on mobile, sales and particularly Salesforce users, cloud-based content management provider SpringCM has partnered with an app company--SteelBrick--which creates price quoting apps, to release a new application to help speed up sales cycles.
Clickability unveiled a new user interface designed with mobile device and tablet content in mind.
Netflix will be offered on some U.S. cable provider set-top boxes for the first time.


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SWEDEN: H&M teams up with Maison Martin Margiela
Swedish fashion retailer H&M Hennes & Mauritz is teaming up with experimental French fashion house Maison Martin Margiela to launch its latest clothing collection.
The range for men and women will be available from 15 November in around 230 H&M stores worldwide and online.
"Maison Martin Margiela is one of the most important and influential fashion houses of the past three decades," Margareta van den Bosch, H&M's creative advisor, said today (12 June).
"I am so excited by this collaboration which will give fashion lovers around the world the chance to wear special pieces by Maison Martin Margiela."
Meanwhile, the cult fashion house said its pieces for H&M will offer "a new interpretation of our vision. We will bring together the contrasting universes of the two houses in ways that will surprise all."
US brands and retailers were baling out of Bangladesh even before the fire at the Tazreen Fashion factory killed more than 110 people at the end of last month. And given the subsequent criticism aimed...
The ecological footprint of cotton from the Cotton made in Africa (CmiA) initiative has been found to be "considerably smaller" than conventionally grown cotton, according to a new study....
Global brand management business Cherokee has seen its third-quarter profits jump 98% on the back of rising revenues and lower costs....
Off-road vehicle company Polaris Industries is set to acquire Teton Outfitters, the owner of KILM Technical Riding Gear. ...
Arcadia owner Sir Philip Green has sold a 25% stake in his Topshop and Topman brands to private equity firm Leonard Green & Partners in a deal that values the two brands at GBP2bn....
Fashion retailer H&M Hennes & Mauritz is set to launch a clothing recycling scheme which will encourage consumers to hand in used garments at H&M stores worldwide to be reused or recycled....
French apparel group PPR has entered into an agreement to sell its US plus size business OneStopPlusGroup to private equity firms Charlesbank Capital and Webster Capital as it works to focus on its lu...
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- Global market review of denim and jeanswear – forecasts to 2020
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High-speed year for Trainline as it records massive jump in sales despite rail strikes rocking France
- International tickets sales and revenues rose by 49% and 90% respectively
- Trainline CEO Clare Gilmartin is one of 14 female CEOs of a FTSE 350 company
- Shares in the company leapt higher after the Conservative Party won a majority
Higher international ticket sales has helped revenues for the rail ticketing firm Trainline jump by more than a quarter for the first nine months of the financial year.
The company, which floated on the London Stock Exchange earlier this year, saw revenues rise by £41million to £198 million for the nine months to 30 November.
It said it is on track to hit its performance targets for the full year following 'strong progress' so far in 2019 as its total group revenue jumped by 26 per cent.
Trainline's revenues soared for the first nine months of the year with the increasing popularity of eTickets seeing consumer net ticket sales rise by 24 per cent to £1.5billion and international ticket sales and revenues climbing by 49 per cent and 90 per cent respectively
UK tickets sales rose by 14 per cent, with consumer net ticket sales increasing by 24 per cent year-on-year to £1.5billion. Trainline puts the successful rise down to the increasing popularity of eTickets.
International ticket sales and revenues saw the largest increase though, by 49 per cent and 90 per cent respectively.
This was despite strike action on the railways in France, which has been rocking the country since September.
The dispute, which centres around pensions reforms, is currently in its thirteenth consecutive day and more protests are expected in the new year.
Clare Gilmartin, chief executive of Trainline, said: 'We continued to deliver strong growth in the third quarter of the financial year while we focus on our mission to make rail and coach travel easier for customers worldwide, encouraging a much greener way to travel.
'We are on track to deliver our plans for the full year and will continue to invest both in the UK and internationally to deliver the significant growth opportunities for Trainline in the year ahead.'
Clare Gilmartin was previously the vice-president of eBay's European division for four years and also worked for Unilever. She earned a windfall of £50million from Trainline's IPO in June this year and is one of just 14 female chief executives of a FTSE 350 company
After the company floated on the stock exchange earlier this year, she earned a windfall of £50million after her shares increased in value by 20 per cent. The 43-year-old mother of three became one of Britain's highest-earning executives.
She was previously the vice-president of eBay's European division for four years and before that had worked for the Boston Consulting Group and Unilever. Gilmartin is one of just 14 women chief executives of FTSE 350 companies in the UK.
Chairman Douglas McCallum also made £6.6million while the chief financial officer Shaun McCabe attained a £4.9million payout. By the end of the first day's trading, the business was valued at nearly £2billion.
The IPO did cost Trainline £70million in one-off finance costs though and the firm recorded a post-tax loss of £89million in its half-year results published last month.
French rail workers have been striking regularly since September this year over prospective pension reforms. The strikes have impacted Trainline's sales, but despite this, the rail ticketing firm recorded international ticket revenues increased by 90 per cent
Shares in the company leapt higher after the Conservative Party won a majority in the General Election on Friday last week.
The company had come under threat from Labour Party proposals to create its own 'one-stop shop' for rail passengers to purchase tickets as part of their nationalisation plans.
Shadow Transport Secretary said the creation of a central online booking portal would involve 'replacing the confusing ticket sales of private train operators,' though he said rail ticket websites would remain.
Trainline warned of the potential harm that nationalisation would cause the company when it floated back in July.
It said that major industry changes could have 'material adverse effects' on the firm and that if National Rail Enquiries were allowed to sell tickets, it could negatively impact Trainline's earnings.
Trainline employs around 600 people and was established in 1997 by Richard Branson's Virgin Group before being bought eighteen years later by American private equity firm KKR & Co.
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Winter’s almost over, but Moncler's massive eight-part capsule drop for their Genius Project is making me wish it would last a little longer (I can’t believe it either). The Italian apparel line opened Milan Fashion Week, showing eight capsules from eight different designers that showcase some of the most inventive takes on outerwear out there. Puffer coats are often one of the hardest sartorial pieces to style since their literal purpose is to fully shield you from any and all elements, but the genius of Moncler is in the brand's willingness to allow multiple re-imaginings for what we readily take as the truth.
Valentino creative director Pierpaolo Piccioli paired his A-line puffer gowns with caplets and long gloves — a trend that popped up across NYFW shows — while Simone Rocha's collection evoked pure, dreamy romance. 1952, Milan-based brand with West Coast aspirations Palm Angels, British designer Craig Green, Kei Ninomiya, Fragment Hiroshi Fujiwara, and Grenoble also released capsule collections that redeemed winter as a season.
"[The Genius Project] is, for Moncler, a new strategy that will sign a new era for the brand, a sort of genuine evolution, a bold leap forward marking the brand's future," said Moncler CEO Remo Ruffini to GQ. "In my view, the evolution of the brand is still the biggest challenge while being able to respect and maintain the integrity of the Moncler DNA, and involving different creative minds, for me, stands for interpreting it with the aim of hitting Moncler's wide audience of customers."
Ruffini's statement is indicative of a rising trend that Moncler and other design houses are steadily adopting: being unafraid to shake up existing structures of power with new designers who aren’t necessarily holding a permanent seat as creative director. And by the wide range of looks birthed from the Genius Project, it's working.
See stand-out photos and videos from the event below.


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Commodity Trader ED&F Man Agrees to Sell Part of Brokerage Unit
(Bloomberg) -- ED&F Man Holdings Ltd. agreed to sell a part of its brokerage unit as the commodities trader sheds assets to focus on its core business.
The London-based company, best known for hauling sugar and coffee across the globe, is selling the structured commodities business of ED&F Man Capital Markets, its brokerage unit. Investment firms Albright Capital and De Jong Capital will take over the business, which will be renamed as HedgePoint.
The deal comes as commodities are back in focus, with prices of everything from copper to soybeans rallying as China’s economy recovers from the coronavirus pandemic. Even crude oil, which was battered by the health crisis that destroyed fuel demand around the world, is seeing signs of recovery after Saudi Arabia unilaterally decided to cut output.
“People are taking long-term views on commodities and that has brought new demand, especially food commodities that were kind of on the back burner,” said Heber Cardoso, who leads ED&F Man Capital’s structured commodities business. “That brings huge opportunity for the commodity space again.”
ED&F Man has been trying to turn its business around after years of losses. The company has been selling non-core assets and last year got the go-ahead from a London court to refinance more than $1 billion in debt after the coronavirus delayed the sale of units that would be used to pay down loans.
The deal includes the sale of the structured commodities division’s company in Switzerland, which concluded on Dec. 31, and the business in Brazil. The latter is subject to regulatory approvals and the transaction is expected to complete in the first half of the year, Cardoso said. Terms weren’t disclosed.
The re-branded business, HedgePoint, will employ about 100 people in Switzerland, the U.S., Brazil and Argentina, Cardoso said. It will focus on helping customers in the commodities supply chain with risk-management tools and technology.
“We will expand very much so in Latin America and the U.S. and the EMEA region right away,” he said. “We will be hiring quite a few people in the market. Then we will branch out to different commodities within those regions. That’s the first focus,” with Asia expansion following soon after, he added.
The deal to sell the structured commodities business will help ED&F Man appease lenders who have pressured the firm to shed assets and improve profitability. In November, Suedzucker AG, Europe’s top sugar producer with a 35% stake in the trader, said preliminary figures suggest ED&F Man will post a net loss for the fiscal year ended Sept. 30. That would be a fourth year of losses.
“This transaction allows ED&F Man Capital Markets to focus on our core activities while enabling the successfully incubated structured commodities business to continue its expansion plans,” said Chris Smith, chief executive officer of ED&F Man’s brokerage unit.
The coronavirus pandemic has shed a light on the fragility of global supply chains, with many companies and countries changing buying patterns. Agricultural commodities are a case in point, with several governments and food makers choosing to hold more stockpiles than they used to.
A weakening dollar has made materials denominated in the currency more appealing at a time equities are on a tear and the world is on a path to recovery from the pandemic. All of that has prompted speculators to pile back into commodity markets, boosting combined bets on rising prices to the highest in at least a decade.
“Instead of just immediately meeting your inventory needs, what you see now are companies, countries, governments, investors looking at commodities as strategic,” said Cardoso, who will be HedgePoint’s chief commercial officer. “You’ve got the likes of Warren Buffett taking large positions in trading companies nowadays.”
The structured commodities unit currently operates in 36 countries and handles more than 40 commodities.
©2021 Bloomberg L.P.


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Leak hints of new HTC smartphone
There’s a new leak on the Internet, coming from the Netherlands that hints HTC may release a new mid-range smartphone during MWC 2016.
Apparently a Dutch online retailed has listed the yet unannounced HTC Desire 530 smartphone on its web site. The device will be positioned above the Desire 526, which was unveiled in August 2015 and will come in two colors – Stratus White and Graphite Gray. The Desire 530 is listed as going on sale on February 23, which hints that HTC will officially unveil the device at the upcoming MWC 2016. As to pricing, the device will sell for around EUR 190, including taxes.
The biggest disappointment here is that there are no technical details on the Desire 530, which means that we will have to wait a little before we get all the information. Fortunately MWC 2016 starts on February 22, which is in about 20 days, so we won’t have to wait that long.


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PARENTS are being warned to make sure their child’s car restraint meets the mandatory Australian safety standards after a dodgy car seat was spotted being sold to unsuspecting parents online.
The warning from the Office of Fair Trading (OFT) comes after safety officers noticed the non-compliant car restraint being promoted online as “Safety Baby Child Car Seat – Toddler infant convertible booster”.
Although this particular unsafe product is no longer available online, the OFT warns similar non-compliant products are still being sold on sites such as eBay and Gumtree where they are listed under various names.
ARTICLE CONTINUES AFTER THIS ADVERTISEMENT
These car restraints have been found to be similar in design and marketing to goods that the Australian Competition and Consumer Commission (ACCC) issued a Public Warning notice about back in 2011.
The Office of Fair Trading warns these products are likely to fail to protect children adequately in an accident, with suppliers incorrectly claiming the products are safe for use.
Consumers are being warned not to buy these products and anyone who may have already purchased one is advised to stop using it immediately.
In Australia, car restraints must comply with a mandatory safety standard, including meeting various requirements for performance, design, and construction.
If a car restraint does not comply with the mandatory safety standard, it is not fit, nor safe, nor legal to be sold in Australia as it would potentially place lives at risk.
Fair Trading Executive Director Brian Bauer said the easiest way to confirm a car seat or restraint is safe is by checking whether it meets the mandatory Australian safety standard.
“Look for a label that says Complies with Australian Standard AS/NZS 1754 – if you can’t see this, don’t buy it,” Mr Bauer said.
“If a car restraint does not meet the mandatory safety standard, it is unlikely to be able to protect a child adequately in a car accident.
“Don’t gamble with your child’s safety by purchasing an unsafe car restraint.”
The following should be followed when purchasing children’s car restraints:
- Look for a label that says Complies with Australian Standard AS/NZS 1754 – if you can’t see this label, do not buy the product.
- Make sure the seat or restraint is suitable for the type of car, and age and size of child.
- If buying second-hand, check the condition of the product. Do not buy if it shows signs of wear and tear, such as cracks or frays in the straps.
- If buying second-hand, ask if it has been in a car accident. If it has, do not buy, even if it looks fine.
- If you are buying a product second-hand, check the Product Safety Recalls website to ensure it hasn’t been subject to a previous safety recall.
- Do not buy or use a product more than ten years old. The date of manufacture is often stamped in the product.
- Compliant products will always come with manufacturer’s instructions for installation and use. When installing, follow the instructions. If you do not have instructions (for example, if you purchased second hand), contact the manufacturer or an authorised safety restraint fitting station.
- It is important to remember that children’s car restraints in Australia must be fitted with a top tether strap, even if they have the ISOFIX system.
Suppliers may face heavy fines, enforcement action and safety recalls if they sell child car restraints that do not meet the standard.
Further information on the child car restraint standard and product safety recalls can be found here.
Consumers and traders can report unsafe products to the OFT here, or by calling 13 QGOV (13 74 68).


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Startup Bamboo India has raised INR 50 lakhs for the equity of 3.5% and debt of INR 30 lakhs from Shark Tank India. Sharks Ashneer Grover and Anupam Mittal combinedly invested in this startup.
The original ask by the pitchers was INR 80 lakhs for the equity of 4%. In exchange for 4% equity in the company, Aman’s counter was for 20 lakhs and 60 lakhs in debt. Peyush counters for 80 lakhs in exchange for a 20% stock stake. For an 8% stake in the company, Anupam and Ashneer counter for 40 lakhs in cash and 40 lakhs in debt. Peyush and Aman have teamed up to make a counteroffer of 80 lakhs for 20% equity. Pitchers counter for 50 lakhs in cash and 30 lakhs in debt for 3% equity. For 6% equity, Anupam and Ashneer counter for 50 lakhs rupees and 30 lakhs in debt. For 5% ownership, Peysuh and Aman counter for 50 lakhs and 30 lakhs in debt. Finally, the deal was sealed by Anupam and Ashneer at INR 50 lakhs for the equity of 3.5% and debt of INR 30 lakhs.
About Bamboo India
Ashwini Shinde and Yogesh Shinde are the founders of the startup. They are from Pune. Bamboo India is a company that specialises in producing toothbrushes made entirely of bamboo. To date, they have produced over 40 lakh bamboo toothbrushes. Because used plastic toothbrushes did not mix up soil and polluted the environment, bamboo India was established. Their items are supplied to over 2050 pin codes in India and 18 countries worldwide. Bambooindia.com is their website. The products of Bamboo India are available on Amazon and Flipkart. Their products are sold at about 300 retail outlets across India. They have hired a manufacturing operation in Pune, which produces 50,000 brushes every day. They rebrand the products and sell them.
The company is valued at 20 crores. When they first released their first line of products in 2015, each brush cost 180 rupees and was handcrafted. They have optimised the value to an MRP of Rs. 45, with a making cost of Rs. 15 and a gross margin of Rs. 30. The sales for the previous fiscal year, 2020-21, were Rs. 2.8 crore. Sales for the current fiscal year 2021-22 have hit 2.2 crores as of mid-October. In 2021-22, sales were expected to be around four crore rupees.
Problem Solved By Bamboo India
We all use plastics, toothbrush, and other plastics products, which is very harmful to the environment. Bamboo India products are made of bamboo wood which is bio decomposable. By using these products, we can contribute to a better environment. And by using these India made products, the country’s economy will grow more.


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Ever since Zuckerberg forked over $2 billion for Oculus in 2014, investors worldwide have been salivating at virtual reality’s potential.
In its first year of consumer viability, 2016 virtual hardware sales will surpass $2.3 billion and drive the global market to surpass $40 billion by the end of 2020.
As Asia’s population continues to burst at the seams, it’s no wonder VR investors are eyeing its potential the way they did MMOs and mobile. But it is a blind spot for Western companies, especially when it comes to China’s enormous but highly regulated market.
China has long capitalised on being a tech fast-follower rather than a global innovator. The state’s intensive involvement in the private sector restricts firms’ abilities to compete with the tactics other, freer markets use. There is also a cultural divide that has made for a ripe domestic market, but a difficult one for investors from outside of China.
Asia’s VR market will grow to almost $10bn over the next five years, largely driven by the sheer volume of production and investment coming out of China.
Close neighbors like Korea and Japan have also placed all bets on their biggest tech companies: the former’s Samsung Gear VR and the latter’s PlayStation VR. It’s true that both countries boast two valuable hardware leaders and a handful of big game publishers, but they’re clearly trying to catch up
Meanwhile, China’s top guns are going after VR with a two-pronged strategy: by selling lots of goods for very cheap and infusing the foreign market with billions in investment.
Already do we see thousands of cheap headsets on Alibaba’s various marketplaces. Although none of these devices are known for their quality, they are affordable and allow Alibaba to help push VR into the mainstream. As any Risk player knows, once you hold Asia, it’s easy pickings from there.
Tencent is throwing itself into the ring by making a push for small content developers, many homegrown. They recently made a deal with local developer Original Force to create content for the company’s production studio Tencent Pictures and invested $12 million in VR projects by popular travel and lifestyle site Zanadu.
This does not mean they are ignoring after the top markets: rather, Tencent bought itself a seat at the table by joining a $50 million funding round for American AR start-up Meta.
Tencent has focused much of their expansion on the games market; one of their most notable investments was the acquisition of League of Legends developer Riot in 2011. On the VR side, they recently invested in Epic Games and Altspace VR, two companies working on gamified virtual experiences.
Tencent is using this opportunity to capitalise on their own internal endeavors. The one billion users who access games through their messaging apps WeChat and QQ are the lowest hanging fruit. They recently created an AR game for the Olympic Games and announced upcoming VR functionalities for WeChat. Their plans to move into the micro-console space have provided them the opportunity to launch one of the first third-party VR-capable devices.
China’s version of Google, Baidu, hasn’t gotten as much international attention for its VR/AR ventures as Tencent and Alibaba, but their domestic investment has arguably been the largest in both scope and capital. Through its online video platform IQiyi.com, Baidu has set up its own exclusive platform for Chinese VR video content. To further bring more VR production into China, they announced a partner incentive program that will allow developers to make VR content around copyrighted movies, shows and games.
They are also taking a page from Pokémon Go by launching DuSee, an AR platform that allows smartphone apps to generate 3D images on flat surfaces.
Although these three enterprises are leading the charge to bring VR innovation and revenues to China, other domestic companies have found their own opportunities. Two of China’s largest media companies, Shanghai Media Group and China Media Capital, recently teamed up with leading content provider Jaunt to launch Jaunt China. Meanwhile, western start-up Spaces announced this summer they had entered into a $30m joint venture with Songcheng Performance Development, one of the world’s biggest theme park operators, after raising $3 million in funding.
However, virtual reality is on track to create an investment bubble if too many investors throw too much money its way. So in time we will see whether these companies are actually ahead of the curve or on track to burst with the rest of ‘em.
Either way, aggressive offshore investments like these are making China’s tech sector virtually unstoppable.
Stephanie Llamas is director of research and head of VR/AR strategy at SuperData Research. www.superdataresearch.com


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The creator of casual gaming phenomenon Angry Birds, Rovio Mobile, has swooped on fellow Finnish animation studio Kombo, for an undisclosed mix of cash and stock.
The acquisition follows the successful closure of a round of US$42 million funding in March, which Rovio claimed would be put towards broadcast media opportunities. Kombo will focus its production efforts entirely on Rovio properties.
"We have had a long and fruitful relationship with Kombo in the past. This acquisition is an important step in the execution of our media strategy. We look forward to delighting our fans with more Kombo animations," said Rovio CEO Mikael Hed.
Showing perhaps a patch of hubris, Rovio says it wants to become a digital Disney, and will continue to expand in all areas of entertainment. It has also made no secret that it is on the hunt for more talent in both animated entertainment and application development.
In the US, Rovio announced that it has secured a deal with connected TV box-builder Roku to let Roku customers fling birds at pigs. "Angry Birds is the most popular and fastest growing casual game yet it has been trapped on mobile devices. We believe there's a huge market for games like these on the TV," said Roku founder Anthony Wood.
The Angry Birds franchise has generated over 200 million downloads across all platforms. Speculation has been mounting that the developer is planning for an IPO in the next two years as it expands its cross-platform media development. ®


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Women in Business
Starting a new business is challenging under the best of circumstances, but for female entrepreneurs, the uphill battle can be particularly steep.
UC Santa Barbara sociologist Sarah Thébaud didn’t doubt that women are at a disadvantage when it comes to establishing their own business enterprises — plenty of evidence proves that to be the case — but she wanted to find out whether or not people are systematically biased in favor of male-led businesses, and if so, why.
It turns out they are, and the reason comes down to stereotypical beliefs about men’s and women’s traits and abilities.
The assistant professor of sociology at UCSB conducted three experimental studies and found across the board that people are likely to systematically discount the competence of female entrepreneurs and the investment-worthiness of their enterprises. However, she also found that this bias is somewhat mitigated when women pitch a particularly novel business idea. Her research was recently published online in the journal Social Forces.
“I looked at two different types of businesses, one in what I’d call a gender-balanced retail industry and the other in a high-tech industry,” Thébaud said. She asked participants in the study to review and rate business plans for their investment-worthiness. The plans were identical, but she manipulated the first names of the entrepreneurs.
“Most businesses tend to replicate others that are similar — one pizza place may be a little different from another, but basically they’re all serving the same thing,” Thébaud continued. “For those types of businesses, I found the participants systematically rated women-led businesses to be less investment-worthy and less likely to be successful.”
… And Less Skilled and Less Competent …
The participants also rated women to be less skilled and less competent as entrepreneurs than their male counterparts, regardless of the industry of their start-up. According to Thébaud, that was the reason they found the women’s businesses to be less investment-worthy. “I did look at other possible explanations,” she said. “For example, did they think women are less committed and would put out less effort and that’s why they discount their businesses? And I didn’t find evidence of that.”
She also looked into whether women are less likeable because as entrepreneurs they may violate feminine stereotypes. “And I didn’t find evidence of that,” she said. “The pattern of bias in favor of male-led businesses really boils down to the stereotypical belief that men are more likely to possess the types of skills and competence needed to make a new venture successful.”
But then Thébaud added a twist. She adjusted the business plans so the venture was particularly innovative. “Each participant rated two businesses — one that was standard run-of-the-mill and one that was introducing a brand new product or service to the market,” she said. “Interestingly, innovation in the business plan didn’t have a systematic effect on the ratings of men’s businesses — they were largely idiosyncratic to a participant’s tendency to tolerate risk. However, when a woman was pitching an innovative plan, she was systematically rated to be more competent or skilled and more worthy of investment than her non-innovative female counterpart.”
So why the switch? Thébaud suggested that when female entrepreneurs propose innovative business ideas, they signal traits that characterize society’s stereotype of what an entrepreneur is supposed to be: aggressive, ambitious, independent, creative, a risk-taker.
“When a woman starts a business, people are likely to question whether she has those traits. But when a woman introduces something particularly innovative, she is able to dispel those doubts, at least to some degree, because she appears to be more authentically entrepreneurial,” said Thébaud.
The ‘Ideal’ Entrepreneur
By pitching an innovative idea, she continued, a woman demonstrates the characteristics of the “ideal” entrepreneur. “It signals to people that she is, indeed, aggressive and outgoing, willing to take risks and push barriers, which is what people often think women might not be willing to do,” she said.
That might be considered a small comfort, however. “People’s expectations start women off at this lower baseline,” Thébaud noted. “And so innovation simply mitigates the disadvantage they might otherwise experience.”
Thébaud added that she wasn’t surprised to find biases in favor of male-led firms. “This follows a lot of what we know about gender biases in managerial contexts,” she said. But the innovation component was a bit counterintuitive at first.
“The common wisdom is that if you’re an entrepreneur and you’re doing something novel, it is harder to get support because there is a higher risk of failure,” Thébaud explained. “So innovation could have worsened the penalty for women: if people are prone to doubt a woman entrepreneur’s competence and then she is also presenting a business idea that’s particularly risky, it might further undermine her ability to gain credibility and support. But instead, innovation signaled possession of the stereotypically ‘entrepreneurial’ traits and abilities women are otherwise perceived to lack.”
Thébaud’s study derives from her interest in the factors that block progress toward gender equity in certain segments of the economy. “We’ve seen this leveling off in terms of gender equality in recent years, and we see it especially in certain areas,” she said. “STEM (Science, Math, Technology and Engineering) fields are an example.”
Thébaud added that this project aligns with broader literature about unconscious bias. Most of the time, she noted, these perceptions — or misperceptions — are unconscious and unintentional. “They are often minor and hard to detect, too. Individuals are only subtly discounting women’s businesses. But that slight disadvantage accrues over time. So if a woman encounters one, two or three people who question her abilities or competence, that could mean the difference between persisting on that track and leaving, or getting funding and not getting funding,” she said.
Female entrepreneurs may be able to mitigate the disadvantaging effects of bias by explicitly emphasizing the innovative aspects of their business plans, Thébaud added. “However, my research shows that the source of this disadvantage in the first place lies in the fact that people tend to automatically associate entrepreneurship with men and stereotypically masculine characteristics,” she said.
“This cultural conception identifies entrepreneurs as ‘lone warriors’ who are working on their own and are exceptionally prone to taking risks,” she continued, “even though this stereotype isn’t actually true in practice. So to solve the problem of gender bias in entrepreneurship more generally, we need to figure out how to change this cultural image.”
Raising awareness about bias and recognizing that it is often unconscious and unintentional provides an opportunity to remind young women in particular that they do indeed, possess the abilities and skills to be successful entrepreneurs, Thébaud concluded. “Also, by raising awareness, we can offer ways to advise women on how to mitigate the possible damaging effects of these stereotypes,” she said, “and, at the same time work on countering and dismantling these stereotypical beliefs at a broader level.


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We waited a long time before we got new details regarding the Quantum Error shooter. Where the developer TeamKill Media shared with us limited details in the recent period, most notably the presence of the New Game Plus phase.
The development team recently returned to say that the game’s development process is nearing completion. In response to a question from one of the players via the site TwitterTeamKill Media has confirmed that Quantum Error is still targeting a 2023 release date, as previously announced, and that the project is nearing completion and being declared Gold.
The studio also says that it will be showing more of the game soon. And with a number of major events in the coming weeks, we assume a new trailer won’t be too far away.
Oh yeah, we are so close to being finished with development… should be seeing a lot fairly soon 😎 https://t.co/KaP3Qzy0A0
— QUANTUM ERROR (@Quantum_Error) May 29, 2023
In previous news, the team confirmed that their game is a new generation game that will be released on the PlayStation 4. The team also said that it aims to launch the game on the PlayStation 5 to run at 60 frames per second. They also said that they would not sacrifice the current generation for the sake of the last generation, stressing that the version of the PlayStation 4 device will be graphically reduced or Downgraded.
It is reported that Quantum Error is under development for PS5, Xbox Series, and PS4, and its official release date has not been set yet.


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UNLOCK THE BRAND NEW PROPTECH WEBSITE
We are pleased to announce the launch of our brand-new proptech website hoozing.com. After hard-working time and dedication, we are delighted to officially announce the launch of our new website. In the direction of becoming a leading technology real estate company in Vietnam, Hoozing returns with a completely new look – a modern interface and many convenient utilities.
About new proptech website
The new proptech website version is designed with an eye-catching and smart interface that is consistent with Hoozing’s new brand identity standards. The harmoniously blended blue color brings a sense of trust and understanding for the user. This color also symbolizes intelligence and modernity, which Hoozing is aiming at – a smart real estate supermarket. At the same time, the foundation structure and the programming language are secure, providing a friendly, modern, and easy access to it.
On this occasion, Mr. Le Huynh Nhut Hai – CEO of Hoozing said that:
“Industrial revolution 4.0 is pushing a breakthrough for the whole real estate market, not only with smart technology applied to apartments and projects but also creating real smart cities. That has opened a great opportunity for businesses to reach customers. No borders, no age are what the internet has to offer. A question wonders that “How many companies that bring 4.0 technology for users can make all of the purchase real estates with just a few clicks?”
And Hoozing is a pioneer in the innovation system, bringing technology to all activities in the real estate industry.
Achievements of Hoozing – proptech company in 2020
This year, Hoozing has rebranded its process after receiving a million-dollar investment from the investment fund – Smilegate.
Besides being a major brand in the rental segment, now Hoozing has entered the primary and secondary real estate distribution segment based on more than 50,000 satisfied customers after 5 working years.
In parallel with its changes is the project to upgrade the website, this new website is a better way to bring better service experiences to users and is expected to be a support tool, an effective channel to manage business enhancement. ” – CEO of Hoozing shared.
Moreover, with the mission of being a smart real estate supermarket, the new website version is also supplemented with many convenient features to meet consumers’ needs in:
- 65,000 premium apartments for buy & rent information that continuously updated
- Authentically experiencing through 3D images
- Easily looking for existing utilities around the project
- Interest rate term calculation.. and many other special features that users can experience at the Hoozing.com website.
The content structure has also been rebuilt for users to access Hoozing’s products easily. You can request an inspection home online or contact Hoozing via hotline or email to receive information, price list with just a few clicks.
The new platform will also be compatible with all browsers, available on most access devices such as computers, tablets, smartphones… optimize display for users on the version thereby encouraging users more interactively.
Furthermore, Hoozing’s page speed is also improved to help users save time when buying or leasing dream homes. Caring for the smallest things is also the weapon that helps Hoozing to win the trust of customers.
With the launch of a new proptech website interface, Hoozing App and Hoozing Agent App introduced to customers in the first half of 2020, also contribute to improving the quality of customer services on the platform. This technology allows brokers to bring customers the most diverse and optimal experiences.
Don’t hesitate to unlock the brand new Proptech Hoozing website at hoozing.com
🏢 Address: 37 Ky Con Street, Nguyen Thai Binh Ward, District 1
🌐 Web: hoozing.com
📹 Youtube: https://www.youtube.com/c/HoozingVietNam
📞 Hotline: 1900 3100
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Fox Sports continues to explore new livestreaming opportunities in virtual reality. The broadcaster has partnered with LiveLike to bring the MLS Championship Game on December 10 to VR fans through the Fox Sports VR app. Audi has signed on as the official sponsor for the VR livestream, which soccer fans can also watch across iOS and Android devices without using a Google Cardboard or Samsung Gear VR viewer.
“We partnered with MLS to continue to grow the sport of soccer in the US and engage fans of the sport in new, innovative ways,” Loren Angelo, vice president of marketing at Audi of America told [a]listdaily. “We’re working with LiveLike to bring VR to soccer so that fans will have the opportunity to interact with the sport in a way they never have before.”
That interaction includes the debut of several new features within the virtual suite users will view the game from. The game will be broadcast from five separate cameras, which gives viewers the ability to select their viewpoints on-the-fly.
Andre Lorenceau, founder and CEO of LiveLike, told [a]listdaily that some of the highlights include a new DVR with rewind functionality, a first-of-its-kind feature that combines the best elements of a TV-viewing experience with VR—allowing viewers to rewind as far back as 30 minutes. “Our trademark VR Suite will now be branded with Audi, including having an Audi car in-suite,” Lorenceau said. “Audi is a huge brand and a great partner. We’re just scratching the surface of how we can integrate brands into our live VR experiences, and we are really excited to continue expanding these efforts in 2017.”
The MLS game also introduces the Audi Player Index, which Angelo said was developed to continue to grow the sport of soccer in the US and engage fans of the sport in new, innovative ways. “Similar to our development of the Audi Player Index—a statistical analysis that tracks, measures and evaluates nearly 90 components and 2,000 player movements across every MLS game—we found a way to bring technology to the sport to elevate fan engagement,” Angelo said. “Now in VR, friends and fans can experience the Index and the game unlike ever before.”
Angelo said Audi targets consumers who are passionate and driven, which aligns nicely with soccer fans. “With the highest percentage of the millennial audience of any major US sport, our partnership with MLS allows Audi to reach a diverse, passionate and fast-growing audience that aligns with our strategy of reaching the next generation of millennial buyers,” Angelo said. “Audi’s partnership with MLS parallels the aggressive, challenger spirit of the two brands.”
Lorenceau discussed how brands can take advantage of the ephemeral feeling viewers get when watching sports in VR. “The potential is just huge,” he said. “For viewers who can’t make a game or are unable to sit court side, VR immediately puts them right in the action. And with TV ratings for live sports down nearly across the board, that immediacy is super important. All sports fans want a truly immersive, lean-in viewing experience that combines the best elements of TV with all that can be done with VR. And for brands to attach themselves to this is incredibly valuable. We’re just scratching the surface of what we can do for them, and expect to see a lot of innovation around VR and advertising in 2017.”
Fox Sports has been working with LiveLike for over a year, and the broadcaster has experience with bringing soccer games to VR fans. “Some of our earliest tests were with soccer and it’s a natural fit with the ability to switch perspectives in the stadium—from a high, mid-field perspective that allows you to follow the formations and tactics, to sideline and goal post cameras that get you in close to the action,” Devin Poolman, senior vice president of digital platforms at Fox Sports, said. “I still remember streaming a test match from COPA America and catching the right moment from an incredible Venezuela goal against Mexico. I knew this was something viewers would be excited about too. That also taught us that the DVR capabilities to re-watch those moments would be especially critical for soccer, and so we added that capability recently.”
Poolman said Fox Sports will promote the Audi LiveLike VR experience as part of the linear broadcast, along with special promotions from our mobile apps to make sure those streaming or following the game on Fox platforms are aware of the additional VR stream. “We’ve evolved our experience from initial, fairly static, experiences to more the more interactive and augmented livestreams in the Fox Sports VR app,” Poolman said. “But the biggest step forward may have been the availability on any mobile phone without needing Cardboard or a head-mounted device. We’ve learned that the interactivity is compelling even with a less immersive ‘magic window’ mode.”
Lorenceau said the LiveLike experience will continue to evolve, including the addition of multiplayer that will allow friends to gather in a VR Suite together to watch a game.
Poolman said Fox Sports is very interested in new platforms such as Google Daydream and PlayStation VR for some obvious reasons, like the controllers and room scale capabilities. But they’re also intrigued by both platforms extending to the TV set directly or via Chromecast. “They both have the potential to put a lot more head-mounted devices into users hands, which will be a great thing for everyone building VR experiences,” Poolman said.


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Because we track locally-driven innovations in health-tech across the African continent, we curate a monthly newsletter to share our most “salient” learnings in more real time. We welcome submissions and suggestions.
African health-tech innovators are expanding service channels to improve access to care
mPharma has launched Mutti Doctor, a telemedicine service delivered through an existing network of pharmacies under Mutti, its consumer loyalty program. The digital primary care service will see doctors engage in remote consultations with patients at pharmacy locations, where they will be supported by community health nurses. The service is available at Mutti pharmacy locations across Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia.
HealthPlus, a retail pharmacy chain across West Africa, has launched a digital platform to allow users purchase health products and book diagnostics tests online. The platform will also allow users engage in online consultations with doctors and pharmacists.
Six months after raising a $1.5 million seed round, Redbird, a Ghanaian diagnostics-focused health-tech start-up, is making good on intentions to rapidly expand across the country. Its testing service has been deployed to over 400 pharmacies in Ghana, with over 45,000 patients served. The startup has also partnered with telecoms giant MTN to provide pharmacy partners and patients with free access to the Redbird app.
Investors are betting on African health-tech innovators with niche solutions
In Nigeria, 54gene, a genomics research start-up, raised $25 million in a Series B round led by Cathay AfricInvest Innovation Fund with participation from Adjuvant Capital, KdT Ventures, and Ingressive Capital. Founded in 2019 with lofty ambitions of plugging long-running gaps in African genetics research, 54gene has since established Africa’s first biobank and is accelerating plans for its drug discovery program.
In Morocco, DataPathology, which provides pathological diagnosis-focused service offerings to doctors, raised $223,000 from local investment firm WitaMax. The one-year-old start-up’s solution allows practitioners make faster and reliable diagnosis of ailments, including cancer.
In Egypt, Sotech raised $1 million in a pre-seed funding round led by Innlife investments. Sotech’s venue management solutions help hospitals and clinics optimize patient flow using digital signages that can also be leveraged for advertising. The start-up has partnered with over 200 hospitals since launching operations last year.
Can public sector actors be a consistent source of risk-tolerant capital?
South African health-tech start-up Aviro Health raised a pre-series A funding round from ASISA ESD Fund, Tuksnovation, and South Africa’s Technology Innovation Agency (TIA). The funding will be deployed to improve and expand Aviro Pocket Clinic, the start-up’s digital counselling service which has already served over 50,000 patients across South Africa and Kenya over the past two years.
TIA’s participation in the round, through its SEED Fund program, is noteworthy. It could yet serve as an example of how public sector actors can not only play key roles in providing risk-tolerant capital to foster innovation, but also bridge funding gaps for early-stage start-ups across African health-tech ecosystems.
African governments continue to test health-tech innovations to improve public health outcomes
In Botswana, Drones For Health, a project to deliver essential and emergency healthcare products to remote communities using unmanned drones, is showing promise. Ongoing tests in towns across eastern Botswana show delivery times reduced by up to 65%. The project is a collaboration between Botswana’s Ministry of Health and Wellness, Botswana’s International University of Science and Technology, the United Nations Population Fund and Dutch drone company Avy.
In Gabon, the National Pharmaceutical Office (OPN) has partnered with mPharma for the automation of its management and distribution systems. The technical partnership will also see mPharma provide OPN with technology tools to optimize its operations, and set up training programs to equip local staff with supply chain skills.
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May 13, 2013
USDA projects higher red meat, poultry production in 2014
USDA's latest World Supply and Demand Estimates report showed that total US red meat and poultry production in 2014 is projected to be above 2013 as higher pork and poultry production more than offsets declines in beef production.
Tighter cattle supplies and potential heifer retention during late 2013 and into 2014 are expected to limit cattle available for placement; thereby reducing fed cattle slaughter in 2014. Lower cow numbers and herd rebuilding will also limit non-fed beef production. Beef imports are expected to be higher in 2014 as US cow slaughter declines and domestic non-fed beef supplies tighten.
Continued over-year declines in US beef production are expected to push beef exports lower in 2014. Beef imports are expected to be higher in 2014 as US cow slaughter declines and domestic non-fed beef supplies tighten. For 2014, cattle prices are forecast to rise above 2013 as supplies continue to tighten.
Pork production is forecast to increase more rapidly than in 2013 as lower forecast feed costs provide incentives for producers to expand farrowing and increase carcass weights from 2013 levels. Pork exports are expected to rebound in 2014 as supplies increase and demand improves. Pork imports are forecast up fractionally from 2013. Hog prices are forecast to be slightly lower than 2013 on higher production.
Broiler and turkey production are forecast higher as lower forecast feed prices encourage expansion despite lower poultry prices. Broiler exports are forecast higher on expanded supplies and moderating prices. Broiler, turkey, and egg prices are forecast to be below 2013 as production expands.
The total red meat and poultry production forecast for 2013 is lowered from last month as lower pork, broiler, and turkey production more than offsets greater beef production.
Higher cattle placements are expected to support higher fed beef production and cow slaughter has remained relatively high. However, recent winter storms have affected cattle weights, which are lowered slightly from last month. The beef export forecast is adjusted to reflect lower first-quarter exports. Cattle price forecasts for 2013 are unchanged from last month.
Pork production is down marginally on lower forecast slaughter in the second of half of 2013. Pork exports are expected lower. Hog prices are down fractionally from last month on weaker second quarter prices.
Broiler production is lowered on hatchery and chick placement data to date, while turkey production is cut on lower poultry placements. Poultry exports are raised as higher broiler exports more than offset lower turkey exports. Broiler prices are forecast higher as prices remain strong.


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Apple published its fiscal third quarter earnings on Tuesday evening, when it revealed impressive quarterly earnings with record Q3 iPhone sales that still failed to meet Wall Street expectations. One figure the company didn’t provide any clear insight into was Apple Watch sales, though revenue generated by the company’s “other” category provides some insight.
As 9to5Mac notes, Apple said it made $2.6 billion in its “other” category during the quarter, up from $1.7 billion during the fiscal second quarter. The other category includes products such as the iPod, Apple TV, accessories and Beats Electronics, but the difference seems to suggest about $1.4 billion in revenue from the Apple Watch.
Unfortunately, we don’t know what the average selling price (ASP) of the Apple Watch is— models range in price from $349 to $17,000 — but an ASP would give us a better idea of a sales figure. Using $500 as the ASP, however, 9to5Mac suspects Apple sold about 3 million Apple Watch units.
There’s another reason why that 3 million figure seems like a relatively safe bet. According to Bloomberg View, Cook said “the Apple Watch sell-through was higher than the comparable launch periods of the original iPhone or the original iPad.”
That means the figure is more than the 1.19 million iPhone units Apple sold during its first quarter on the market. Bloomberg View also notes Apple sold 3.27 million iPads during its first quarter on the market, though that includes roughly a month of additional availability (iPad hit the market on April 3, while the Apple Watch launched on April 24.) “Apple would have had to sell more than 2.18 million watches to beat the first iPad,” Bloomberg View explained.
So while we don’t know exactly how many Apple Watch units Apple sold, it seems like the general consensus is that it falls somewhere between that 2.18 million and 3 million unit mark, though could be much more (or less) depending on the average selling price of the Apple Watch. Maybe Apple will shed light on the figure at some other point, but that’s where we stand for now.


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The worlds of advertising and PR have long been dominated by a handful of marketing services groups, each of which rakes in billions of pounds per year.
In recent weeks some high profile stories remind us of just how large and powerful these firms have become, sometimes it seems expanding at a rate that neglected responsible corporate controls. The two biggest firms, WPP and the aptly-named Omnicom both hit the headlines last week for rather different reasons.
US-headquartered Omnicom managed to win the global advertising, marketing, PR and media buying account for Mercedes Benz. In order to win this prestigious and lucrative account, fighting off European rival Publicis in the process, Omnicom even bought two German marketing agencies that already worked for the carmaker.
Earlier this month UK-based WPP made a similarly audacious move in the corporate and financial sphere; it emerged its jointly-owned agency, Finsbury Glover Hering is bidding for a rival, Sard Verbinnen, a New York-based consultancy that is a US leader in mergers and acquisitions and activism.
If the deal goes through the combined agency will become the global leader in financial comms consultancy and is yet another example of consolidation and these marketing services giants flexing their muscles.
But perhaps as a timely warning note, it emerged on Friday that WPP has been fined $19m by US Securities and Exchange Commission (SEC) for failing to properly supervise subsidiaries in foreign countries, resulting in bribery and other illicit schemes.
It seems that an Indian subsidiary, for example, may have paid as much as $1m in bribes to officials through intermediaries to win government business.
The implication is that WPP’s global acquisition spree under founder and former CEO Martin Sorrell involved buying ad agencies in markets at high risk for corruption, and with big financial incentives for their founders to hit business targets.
“A company cannot allow a focus on profitability or market share to come at the expense of appropriate controls,” Charles Cain, head of the SEC’s FCPA unit, warned in a statement.
There is no implication that the marketing services behemoths are necessarily still acting in this way, but there is irony in stories about poor corporate governance at a time when these groups are making a fortune by advising their clients on how to tell more ‘ethical’ and ‘purposeful’ corporate narratives.
i contacted both firms for comment.


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Moneygram announced this week that it is moving its European HQ from London to Brussels.
Due to continuing Brexit uncertainty and concerns over UK financial passporting rights into Europe, payment companies are having to decide whether they need to pick up sticks and move. Not a small decision.
Of the thousands of payment companies with a significant presence in the UK, only a handful have established offices in Europe and fewer still are either regulated or have their HQ in another country.
As our analysis above shows, there’s no easy choice for companies looking to relocate or hedge their bets. Of the five key factors – English fluency (a proxy for ease of doing business), political connections, a specialist tech workforce, lower-cost licensing and a large in-market opportunity – no country excels in more than two.
In fact, the in-market opportunity appears to be the least dominant factor to date. Germany, which has the largest trading economy in Europe has no takers from the major payments players and has so far lured only bankers. Tech forward firms such as Transferwise, Instarem and Revolut have chosen Eastern European countries due to founder connections, large tech workforces and lower-cost licensing. Moneygram is moving to Brussels, likely not for waffles and chocolates but to lobby European politicians.
Ireland has long been a tech and financial hub. Western Union is regulated there, and it is home to a variety of players such as Transfermate, Fexco and CurrencyFair. Ebury, one of the fastest growing corporate-focused groups has a presence across many European markets but has kept its HQ in London.
We know many of you haven’t figured out where to setup yet – get in touch and we’ll help you assess the opportunities.
Promising companies out of Singapore
In the coming months I will be attending the Money 20/20 Asia conference, which will be hosted in Singapore. As usual, our research team at FXC Intelligence is keeping tabs on the fintech scene there with great companies emerging such as Instarem and Toast. Below are a few more that continue to catch our eye.
While none of these companies are focused on payments outside of Singapore yet, it is surely only a matter of time before we see that change.


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17.07.2014• ProWine China Education Offensive launched • MUNDUS VINI winning wines at ProWine China 2014 • Trade Visitor Pre-Registration now available
23.04.2014With immediate effect registration documents for exhibitors at ProWein 2015 will be available at www.prowein.com (in the “Exhibitor Service” area). The deadline for registrations is 31/07/2014.
25.03.2014On its 20th anniversary ProWein 2014 not only transformed the exhibition centre but also the entire city of Düsseldorf into the international wine and spirits capital of the world. From 23 to 25 March 4,830 exhibitors from 47 countries and more than 48,000 international trade visitors met in the metropolis on the Rhine.


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Priti Patel: Government ‘finding ways to open international travel’
The tourism industry has been one of the worst affected by the coronavirus (COVID-19) pandemic. The latest statistics from Statista show global revenue from the travel and tourism industry is estimated to drop from a forecasted $711.94 billion USD (£577.88 billion) to $568.6 billion USD (£461.53 billion) - a decrease of over 20 percent.
However, as lockdown restrictions begin to ease around the world, a number of destinations have come forward with new plans to lure back tourists.
Many are even going so far as to pay travellers to visit, offering to cover the cost of flights, hotels and more.
Though Britons are currently under guidance from the Foreign and Commonwealth Office (FCO) to avoid all non-essential travel for an "indefinite" period of time, these schemes could be lucrative for those who are already eager to travel.
As airlines implement new strategies to keep passengers and crew safe, and hotspots gear up to improve social distancing and hygiene standards across tourist attractions, there is a glimmer of hope for holidays in the future.
Now, these countries are offering to cut costs too.
Holidays 2020: Japan and Sicily have both announced cost cutting incentives for travellers
Japan is offering to subsidise the cost of flights for international tourists in a bid to attract them to the country.
The government has said it could pay up to half the cost of a plane ticket.
In an announcement, officials said the programme will cost around £1.2 billion.
They may also offer discounts or additional financial aid for other travel expenses within the country.
It is not yet certain whether the programme will apply to international tourists, or if the government will reserve it for domestic travel.
More information is expected to follow in the coming weeks.
Caravans sites & holiday parks open: Owner says ‘June is possible' [COMMENT]
Pound to euro exchange rate: GBP hits ‘one-week high’ amid new hope [GRAPH]
Greece reopens doors to tourists but Britons asked to stay away [UPDATE]
Sicily has offered to subsidise holidays to the island for both domestic and international visitors.
Having already suffered losses of around €1 billion (£873 million) from its tourism industry, the Italian government suggested covering the cost of holidays in a bid to provide a much-needed boost to the island.
Plans outlined will cover up to half of the cost of flights, and a third of hotel expenses.
Holidaymakers will also enjoy free tickets to many of the region's museums and archaeological sites.
Vouchers will be available on the VisitSicily website when the country reopens its borders.
Some hotel chains in Mexico are offering new deals set to slash prices for the cost of accommodation in some of its most popular hotspots.
In Cancun, a new scheme has been set up to encourage visitors to return to its sandy shores.
The new "Come to Cancun 2/1" project will see holidaymakers bag a two for one deal on packages.
The deal is set to be promoted on many of the region's most visited beaches, including Puerto Morelos, Isla Mujeres and Cancun.
According to the Cancun Hotel Association (AHCP), the incentive aims to reignite tourism and may offer two free nights for every two paid nights, a refund of the plane ticket for a travel companion, and social media contests with prizes including "a lifetime travel certificate to Cancun."
While overseas travel may seem alluring after weeks of lockdown at home in the UK, the British travel and tourism industry has suffered major losses as a result.
VisitBritain is encouraging UK travellers to stay at home and enjoy some of the finest areas the country has to offer.
Though nothing has been confirmed, Patricia Yates, VisitBritain's acting CEO told The Sun that financial incentives are being considered to help restart the country's tourism sector.
She told the newspaper: "For every country, kickstarting the domestic market is really important and Italy has gone with that idea.
"It is an interesting suggestion for us if we look at what others are doing.
"So we could be looking at marketing campaigns or yes, you could give money straight to people and incentivise them to holiday at home.”
In recent years Bulgaria has grown in popularity as a sunny destination for holidaymakers.
However, coronavirus has caused a wound to the early months of its usually busy summer season.
Though the government will not be covering the costs of flights or hotels as some countries are, they have discussed the possibility of providing free beach and amenity access.
Much-loved destination Sunny Beach hopes to welcome tourists back by July and has said they could be offered free sun loggers, tables and umbrellas when sunbathing on its shores.


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Sony patents new motion-control, touch-screen tech
USPTO applications detail alternative input schemes for "handheld electronic devices."
Sony and Nintendo stand in polar opposition in regard to their outlook on technology in this generation of gaming hardware. Rather than rearming to match Sony and Microsoft, Nintendo opted for lower-cost components and alternative input schemes for the Wii and DS. Sony, on the other hand, chose to invest in hardware that has been as expensive to create as it has been to buy. With Nintendo announcing record profits and Sony fighting to get its games division back in the black, the near-term winner of that decision has proven to be self-evident.
However, as this generation continues to play out in Nintendo's favor, Sony may be taking a few cues from its competitor's playbook for future iterations of its PlayStation and PlayStation Portable hardware. According to a pair of recently published patent applications filed with the United States Patent and Trademark Office, Sony is eyeing input devices that look to expand on current touch-screen and motion-sensing utilities currently employed in the gaming sector.
Though much of both patents are written in a suitably esoteric language ("The actuatable portion is actuatable by the actuator between first and second positions"), the first application justifies its existence by noting that while "existing touch screens are configured to receive a mechanical input and provide a visible output," they "are not configured to provide both a visible and a mechanical output."
The application then proceeds to describe a device that provides a touch-feedback sensation upon contact with a touch screen. The device described is not limited to a single screen, and may be used for a variety of applications, including "a gaming device, a phone, a portable media player, an email device, web browser device, or navigation device."
The second application filed by Harrison details a handheld unit that transfers images from a second device through gestures. Once transferred, the images appear on both the handheld device's touch screen and the original machine's screen. As with the first patent application, the device can be a "gaming device, phone, portable media player, email device, web browser device, or navigation device."
Both applications were submitted for review by former Sony Worldwide Studios president Phil Harrison in January, but were only made public late last week.
Got a news tip or want to contact us directly? Email firstname.lastname@example.org


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In Mixed Catch, NF Senior Editor Linc Bedrosian spotlights a wide range of commercial fishing-related news items from coast to coast.
Tuesday, 20 May 2008
It's bad enough that the vast majority of seafood consumed in this country is imported. But what's worse is that it seems harder to know whether the fish you buy at the supermarket or order at the restaurant is actually the species listed.
Just last week, the Miami Herald published an opinion piece by Bob Jones, executive director of the Southeastern Fisheries Association, regarding the problem. "Seafood industry experts believe at least 20 million consumers are ripped off each year through the illegal practice of seafood product substitution known as bait and switch," Jones wrote.
Jones mentioned how a couple of investigative reporters from the St. Petersburg (Fla.) Times randomly purchase grouper sandwiches and red snapper dinners from 11 Tampa Bay-area restaurants, sent samples off to a New York laboratory for testing, only to find out that six of the 11 purchases turned out to be imported pond-raised catfish or tilapia or other species.
Here we have an industry that's been trying for years to make seafood more of a staple of American consumers. It's a great product, full of nutritional benefits and tasty to boot. We've seen creative marketing programs that are working to get seafood on the dinner table more often. It's a shame that these seafood switcheroos can undermine consumer confidence in such a worthy product.
National Fisherman Live: 11/06/14
In this episode:
NOAA report touts 2013 landings, value increases
Panama fines GM salmon company Aquabounty
Gulf council passes Reef Fish Amendment 40
Maine elver quota cut by 2,000 pounds
Offshore mussel farm would be East Coast’s first


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Clevertouch has been awarded three industry and business awards in less than a week.
It’s been a fantastic week for the team at Clevertouch, with no less than three prestigious award wins in the UK and in the USA.
InfoComm is the largest event in North America for the pro-AV industry. It is attended by all the major industry manufacturers and 44,000 visitors. Plus Series was awarded Best of Show within the Tech and Learning category, and E-Cap was recognised as Best of Show for the AV Technology category, proving Clevertouch technology is leading the way in product innovation and ingenuity.
Matt Pruznick from AV Technology said, “With so many outstanding contenders, the process of narrowing down the list to this select group of winners was a painstaking endeavour. It is with the utmost pride that I congratulate Clevertouch and the other 2019 recipients of the AV Technology’s Best of Show Awards—your products are a shining example of excellence in the industry.”
And a little closer to home, Clevertouch has also been awarded Technology Business of the Year at the KEIBA Awards. Hosted by the KM Media Group and Kent County Council, these awards recognise and reward excellence in Kent’s businesses. Hotly contested, the judges closely scrutinise each business entrant, basing the final decision on product innovation, people management and operations and of course, financial success.
Adam Kingshott, Brand Marketing Manager at Clevertouch says, “We are over the moon to receive so many industry accolades in just one week. It goes to show that Clevertouch has got it right. We take our development direction from end-users of our display solutions, creating products that people want to use. These awards show that we are still hitting the right note within our traditional client base in Europe, but also in new markets like North America.”


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Hewlett-Packard Company (NYSE:HPQ) will be announcing a settlement on Monday of 3 shareholder lawsuits over its $11 billion acquisition of Autonomy, according to Reuters.
HP is asking shareholders to help it pursue some sort of action against Autonomy surprisingly. The shareholders will agree to drop all claims against HP executives and board members, including HP CEO Meg Whitman. However, they will be free to pursue former officials at Autonomy. The shareholders’ attorneys will receive fees for “helping HP pursue any further claims.”
Within one year of buying Autonomy for $11 billion, HP wrote off $8.8 billion and claims that Autonomy had improperly inflated its revenues and margins to around $5 billion. HP said that Autonomy committed fraud. Former Autonomy CEO Michael Lynch denied wrongdoing and said that it was HP’s mismanagement of Autonomy after the acquisition to cause the problems.
?HP is in serious discussion to settle the shareholder derivative litigation related to Autonomy, but no final deal has been reached yet,? said an HP spokesperson.