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Every year there are almost 210 backover deaths. It might come as a surprise, but about a third of the mentioned deaths are children and their parents when backing out of their garage or driveways usually causes the accident.
Now, a new ruling finalized by the National Highway Traffic Safety Administration that will take effect by May 2018 can save between 59 and 69 backover deaths a year. All automakers will be required to put up backup cameras in most new vehicles such as cars, SUVs, minivans, and even some small trucks or buses. This newest feature will help improve rear visibility. It can eliminate rear parking problems too.
During 2008, a similar law requiring installation of backup cameras was created. However, it was never implemented. This additional safety system would cost about $140 for every new vehicle. For vehicles, with in-dash displays, the cost would be much lower. Luxury vehicles and other newer vehicles already have back up or rear facing cameras installed as added safety features.
Having a backup camera is indeed and added safety measure that will be welcomed by drivers and vehicle owners. The National Highway Traffic Safety Administration, by finalizing this ruling, is ensuring additional safety measures for all vehicle owners.


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The funding dovetails with the Belgium-based company’s move into the U.S. market.
Engagor, a Belgium-based vendor that enables companies to track consumers’ conversations across the Internet, has raised $2.6 million in a Series A funding round, led by Hummingbird Ventures.
The funding dovetails with the company’s move into the U.S. market. Steven Reading, vice president of North American sales, will oversee Engagor’s San Francisco office.
Engagor enables retailers and other businesses to monitor consumers’ conversations across the Internet and respond to customer service issues. It includes customer service workflow tools so that a manager can assign agents to respond to particular tweets or Facebook posts. Retailers can also use monitoring to see what shoppers are posting about their competitors, as well as look for prospective leads. For instance, if someone tweets, “Still looking for the perfect black dress,” an apparel retailer could respond with a link to a product page for a black dress.
Engagor also features analytics tools that gauge a brand’s online reputation based on its share of the conversation about a particular topic and the percentage of posts that are positive, and track customer engagement and social campaigns.
“Social media moves at light speed,” says Folke Lemaitre, founder and CEO. “Customers are constantly posting online and retailers have to respond. Engagor helps them manage their conversations and reply.”
Engagor doesn’t charge a setup fee. Its basic package, limited to one user, costs $500 a month; its professional package, for up to four users, costs $1,500 a month; and its enterprise edition, for up to 10 users, is $3,000 a month.

domain: news


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The policy includes special incentives to start new units and semiconductor wafer fabrication projects in Vidarbha, Marathwada regions ...http://www.business-standard.com/article/pti-stories/maharashtra-govt-approves-electronics-policy-116020901164_1.html
Parts of East India and North-East India received occasional thundershowers during the 24 hours ending on Tuesday morning but the wait continued in... ...http://www.thehindubusinessline.com/economy/agri-business/thundershowers-seen-spreading-across-landscape-from-next-week/article8214841.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
Indicating the changing economic and social trends in Maharashtra, sales of wine witnessed the highest rise by December end, followed by Indian... ...http://www.dnaindia.com/mumbai/report-wine-tops-maharashtra-s-liquor-consumption-list-2175491
Integrated development of industries and agriculture through higher foreign and domestic investments would be diligently pursued by Maharashtra... ...https://in.news.yahoo.com/india-boost-farm-fashion-cm-011500320.html
With the sugar season in Maharashtra entering its last leg, 35 factories continue to have pending fair and remunerative price (FRP) arrears of... ...http://www.financialexpress.com/article/markets/commodities/35-maharashtra-sugar-mills-still-owe-rs-250-cr-to-farmers/208938/
Marathwada Student Association Only...


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The new version of KIA Sorento has already entered the road testMarch 25, 2019
The popular crossover is preparing to upgrade, and now passes the stage of testing and refinement, during which photo spies got into the lenses. Debut should take place in the second half of this year.
KIA does not forget about updating its model range and is already preparing for the release of a new version of the Sorento mid-size crossover. The model passes the stage of road tests and came across photospies. Unfortunately, the prototype is still under a dense camouflage film, which does not allow to see the details of the novelty.
Judging by the photo Sorento next generation will receive a number of design solutions from the older brother Kia Telluride. To be more precise, you can see the characteristic head optics on modern LED technology, a massive and prominent radiator grille, as well as side mirrors of a characteristic design. In the interior design, presumably, better finishing materials will be used, a multimedia information system of a new generation will appear, and noise insulation will also improve.
KIA Sorento 2020 model year will be built on the basis of the platform from the new Santa Fe, which is already on sale. Under the hood, you can expect a 2.0-liter turbo engine of 240 horsepower, as well as two 2.0 and 2.2-liter turbo diesel engines with a capacity of 186 and 202 hp. respectively. Together with them, they will offer an automatic transmission on eight gears, and as an option, all-wheel drive will be available. Later, a hybrid version should appear.
The premiere of the new KIA Sorento will be held in the second half of 2019, and the start of sales is scheduled for 2020th.
- Test drive Volvo V90 Cross Country
- The Germans named the best used cars up to 5,000 euros
- Ford is working on a new Megazilla engine
- Alfa Romeo recalls Giulia over brake discs
- Mitsubishi unveils Eclipse Cross PHEV


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KANSAS CITY — Pizza continues to prove it is the total package. The food’s versatility, whether it’s a traditional hand-tossed crust or a gluten-free thin variety, lends itself to almost every market. Infinite toppings offer endless ways to dress up and put a bow on the gift that keeps on giving — for both consumers and manufacturers.
However, as the Italian icon evolves and the organic, gluten-free, non-G.M.O. and better-for-you trends influence the market, producers are having to adjust. This is particularly true for frozen pizza companies competing with quick-service, fast-casual and full-service chains.
“There is a growing demand for higher-quality and innovation that makes consumers feel like they are having an away-from-home experience right in the comfort of their own kitchen,” said Julie Adams, senior manager of consumer insights and analytics for the subsidiaries of the Schwan's Co. “Using a variety of prep methods to transform the crust in a way that is more premium or craft is something to watch this year.”
Thirty-seven per cent of households consumed frozen pizza bought from a grocery store two or three times a month or more, according to a 2016 Mintel report. Takeout or delivery pizza from a restaurant was even more popular and represents the most direct competition for frozen pizza and other types sold at retail. Overall, sales in the category picked up a modest 2% in 2015 and 2016, fueled by growing interest in premium pizzas. Increased variety has made up for flat consumption and volume sales. Mintel predicted the category will grow 11% between 2016 and 2021 to $5.7 billion in sales.
Frozen pizza manufacturers are responding to heightened consumer expectations for quality crusts and toppings influenced by different regions of the world. By combining ingredients, producers must add value while maintaining the appeal of convenience and price.


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The disappearance of free milk from primary schools in 1971 earned Margaret Thatcher the "milk-snatcher" epithet when she took the decision as Education Secretary at the time.
Glasgow has seen milk consumption in primaries rise from an average 5,800 litres a day to 6,400 litres a day over the past eight months.
During that period, all pupils who bought a meal or snack at lunchtime at a pick 'n' mix bar of fruit and vegetables were offered free milk.
This has proved such a success that councillors have been persuaded to allocate pound;56,000 from April to extend this entitlement to all 41,228 primary pupils in the city, regardless of whether they buy food or not.
Steven Purcell, education services convener, said: "We have been working extremely hard recently to promote milk as a healthy, nutritious alternative to other drinks, and by making it free to every pupil we are ensuring that everyone who wants it can have it."
The city, faced with some of the most intractable health and diet problems among young people in Scotland, has also stepped up its free fruit initiative which delivers more than 10 million pieces of fruit a year to 400 locations at a cost of pound;1.4 million a year.
Described as the largest healthy eating initiative of its kind in the UK, it supplies 60,000 pre-five, primary and special needs pupils with free fruit five times a week over the full school year.
The scheme kicked off with the traditional offerings of apples, bananas, grapes and plums. From last month this has been extended to what the authority describes as "more exotic varieties" such as melon, kiwi fruit and soft fruits in season.
The council has also released figures pointing to major successes for its "fuel zone" menus which have been increasing the number of healthy options.
The result has been a 105 per cent rise in the uptake of school meals in secondary schools since 1996 and a 14 per cent hike in primaries.
Only 45 per cent of secondary pupils now take sugary drinks at lunchtime, a 44 per cent reduction since 1996, and more than half of pupils do not eat chips with their lunch, which is a 50 per cent fall since 1996.
No sugary drinks are sold in primary fuel zones and chips are only available once a week as part of a main meal.


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CIMC Intermodal Equipment has relocated and consolidated their Emporia, VA operations to a new 78,500 square foot facility designed to better serve their customer base on the eastern seaboard and in the Great Lakes and heartland regions. CIMC Intermodal Equipment is the United States’ domestic wheeled intermodal representative group of CIMC Vehicles.
The new facility, located on 15 acres in Emporia and completed in May 2017, will provide increased production capacity to support the growing demand for CIMC 53- foot chassis shipped from this east coast location. The site is equipped with six new cranes ranging from 10 tons to 25 tons that have increased the productivity of in-process assembly of CIMC intermodal chassis.
“One of the largest orders for us was assembled and delivered from this new facility without a hitch,” said Chris Ratliff, vice president of operations, speaking during the ribbon cutting ceremonies. “The customer was very impressed with the outstanding service. The recent substantial uptick in demand for our chassis in this area has pushed us to rival the output of the South Gate, CA production plant.”
The Emporia CIMC location supports the company’s growing dealer network of twenty-five stores in this region. This number is expected to continue increasing as CIMC increases output to meet the needs of additional U.S. intermodal customers for new chassis.
“Our move to this new location was very timely,” said Missy Pinksaw, executive office manager in Emporia. “We are now more efficient and more productive as demand for our chassis increases.”


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When the LG G-Slate launched on T-Mobile’s network, it was lauded as one of the best Android-powered tablets out there. Since then, plenty of other devices have launched, and up until about a few days ago, the G-Slate was already outdated against the competition when it came to mobile OS version number. But, LG is starting to fix that with the company’s newest Over the Air (OTA) update for the tablet, which brings the device to Android 3.1. Sure, it’s still not the latest version of Honeycomb, but at least it’s closer. In any event, the news gets worse, as it’s being reported that if you update to Android 3.1 on the G-Slate, you also get a locked bootloader.
The reports are still coming in, but it looks like it’s a standard update feature. This doesn’t seem to be just a quirk or anything like that, so this may just be the way that LG is going, with locking down the bootloader. Unfortunately, that means the previously mod-friendly G-Slate will have some major barriers to get through for developers if they want to continue to tweak the device. But nothing is impossible, right? So if you haven’t updated your G-Slate, and you don’t want a locked bootloader, then waiting may be in the cards for you.
[via Android Community]


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By Cara Waters
Politicians courting the vote of the nation's small businesses should look no further than the lifeblood issue of getting paid on time.
That is the clear message from a survey of 1000 businesses by accounting platform MYOB which saw 69 per cent of respondents saying they would vote for policies committing government and big business to pay small businesses within 30 days.
Payment times was the biggest concern for small business ahead of other issues both parties have campaigned heavily on such as company tax cuts and energy policies.
The survey of more than 1000 small businesses found 53 per cent want tax cuts with one in three already seeing a reduction in the tax they pay. Three in four of those surveyed expect a change of government in the coming election.
Small business owner John Webster said slow payment times sunk his first business.
"It took too long to get payment through, some significant payments took months," he said. "You have nowhere to go, you are beholden to them. If there was legislation to mandate to pay businesses in 30 days that would be fair for everyone."
You have nowhere to go, you are beholden to them.John Webster
Webster is the founder of Shiftiez a platform that simplifies rostering for businesses to improve culture and save money which he started three years ago following the failure of his first business.
Turnover is under $50,000 and Webster says he has been careful to ensure he does not get caught out by late payments again.
"We changed our model to try and deal with it," he said.
MYOB chief executive Tim Reed said it did not surprise him that payment times are a significant issue for small businesses.
"For those small businesses that find they have clients that systematically pay them late it puts a large amount of pressure on their cash flow,' he said. "The government has done a lot but there is a lot more that they could do."
Mr Reed said einvoicing was one way of enabling faster payment and should be backed by both parties while government should also comply with mandatory payment times.
"The government needs to act the way it wants to see others act,' he said.
Small business minister Michaelia Cash said payment practices were an issue consistently raised by small businesses.
"Cash flow is crucial to the health of any business, but especially small business," she says. "Reports that some large businesses push out payment terms to 60 or even 120 days, or demand discounts just for paying on time, place huge financial and mental stress on business owners."
Ms Cash said although there have been improvements small businesses are still too often being shouldered with the burden of long payment times.
"We have listened and we are taking action to ensure small business is not being used as a bank by requiring large businesses with a turnover of over $100 million and government agencies to publish their payment information," she said.
Ms Cash said the government was leading by example by ensuring it pay invoices for Commonwealth government contracts under $1 million within 20 days from 1 July 2019 and will require large businesses tendering for government contracts to match the government’s 20 day payment terms.
Madeleine King, shadow minister assisting for small business, said Labor has been consulting with small businesses around the country and is aware of the immense stress late payments have on their businesses.
“Labor will continue to audit government departments payment times - which have decreased – as well as Australia’s top 3000 companies, which will only be able to tender for government contracts if they commit to paying SMEs within 20 days,” she said.


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PARALLEL UNIVERSE RUNNING OUT OF VALUABLE .MOCS
Cambridge, England (SatireWire.moc) — According to a report by theoretical physicists at Cambridge University, nearly 90 percent of the common words in the Parallel Universe are already attached to the popular .moc domain, creating a shortage that threatens the alleged anti-universe's booming tenretnI.
In the theoretical Parallel Universe, which scientists speculate exists on the other side of black holes, and which would hypothetically mirror our Universe, common words such as "yub" and "pohs" have probably long been in use by e-commerce companies, while domains such as ssenisub.moc have no doubt sold for millions of dollars, the report postulated. But even complex and esoteric words presumably have been snatched up, making it difficult for new companies to get their names on a prized .moc address.
While several corporations and tenretnI groups have likely been pushing for new domain name suffixes, such as .bew, and .xxx, (for onrop sites), the physicists warn that .moc has almost certainly become the defacto standard, and any attempt to add more must happen soon before the situation grows worse.
"We suspect the shortage is really quite serious and something should be done," said lead theoretical physicist Alexi Ulanov. "All along, they've presumably had .ten and .gro domains, but they are still not sought after like .moc."
"I'm sure it's something the entire tod-moc industry is concerned about," added Ulanov, who noted that since April, tod-mocs have been in a tailspin, with several firms laying off staff and even going out of business. That could ease things a bit, as, some popular .moc names could come onto the market.
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Food ordering and delivery platform Swiggy Thursday said it has expanded its presence in the country by launching services in sixteen new cities across the country.
The new cities include Thrissur, Tirupur, Warangal, Aurangabad, Agra, Mangalore, Manipal, Jalandhar, Trichy, Udaipur, Amritsar, Varanasi, Bhubaneshwar, Vellore, Thiruvananthapuram and Kota, Swiggy said in a statement.
These cities join the 28 cities across India where Swiggy already has presence, it added.
Commenting on the development, Vivek Sunder, COO, Swiggy said, “One of the reasons for the expansion across the country is because of the strong consumer demand that we have witnessed through thousands of Swiggy app downloads in cities where we were not even present.”
In just four years, Swiggy has become a household name among Indian consumers by providing them the best food delivery experience in the country, he added. The growing consumer demand in tier 2 and tier 3 cities for quality food, convenience, and easy accessibility are one of the key reasons for the company to enter newer cities. Swiggy said.
Founded in 2014, Swiggy currently has over 40,000 restaurant partners spread across 44 cities in the country.


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BRIDGEPORT — Usain Bolt is the world-record holder in the 100-meter dash with a time of 9.58 seconds.
But it looks like the Jamaican sprinter may have some competition.
When the new 43,000-square-foot Bridgeport McDonald’s opens on Oct. 1 at 10:01 a.m., it will be the fastest one ever built on the planet, according to John Ebert, who owns more than 10 of the fast food restaurants in the region.
“The reason we decided to try to do this very quickly is we didn’t want the downtime,” McDonald’s area construction manager Tim Zorn said. “For our customers, we want to make sure that we’re open and here for them. So, the faster we can get the store reopened, the better.”
The original Bridgeport McDonald’s, which opened in 1977, was closed Aug. 11 and torn down shortly thereafter. Shovels hit the ground about a week later.
The actual construction time will span 43 days, according to Zorn.
That will break the previous mark by nearly a week, Ebert said.
An average rebuild takes about 90 to 100 days, Zorn added.
“They’ve never built a McDonald’s this quickly,” Ebert said.
Read more in Sunday's print edition or online


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Tata Motors spokesperson addresses the suspension of the electric vehicle subsidy of Nexon EV by the Delhi government. Read in detail about the complete incident here.
Tata Motors has been paving the path of affordable electric mobility in the Indian car market. The indigenous brand launched the first high-voltage EV of the country in the form of Tata Nexon EV. While the electric SUV managed to be the best-selling electric car in the year 2020, the carmaker was recently issued a show-cause notice regarding the Nexon EV’s driving range. In the past few months, some owners have complained about the poor driving range of the Nexon EV. They claimed that the car has been failing at offering the ARAI-claimed driving range of 312 km. With complaints received from buyers, Delhi government delisted the Tata Nexon EV from its subsidy scheme.
Commenting over the issue, Tata Motors spokesperson quoted, “It is unfortunate to receive this order from the Delhi Transport Commission. The Nexon EV is the only personal segment EV in the Indian market that meets the stringent FAME norms. The range at single full charge (312 km) for the Nexon EV is based on the certification received from the Automotive Research Association of India (ARAI), which is the official body that independently tests all mass-produced vehicles under standard/defined test conditions before they can be offered to customers.”
He further added, the driving range or the fuel efficiency in the case of ICE vehicles is dependent on a lot of factors, like the AC usage, actual driving condition, tyre pressure, driver inputs and more. Similarly, the range of an electric vehicle depends on a slew of factors. Also, the range achievement is in direct relation to the familiarity with the vehicle. Hence, it increases with time. Tata Motors spokesperson affirmed that the brand has been receiving positive responses from the Nexon EV buyers regarding the driving range.
Powering the Nexon EV is a permanent magnet type DC motor that develops 129 PS of peak power and 245 Nm of max torque. The motor sources power from a 30.2 kWh lithium-ion battery pack, which is mounted beneath the floor. The Nexon EV can propel itself from 0 to 100 kmph in under 10 seconds. However, it has an electronically-capped top speed of 120 kmph only.


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- ABOUT IMC
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90KW Gravity fast roadside charger for cities
- October 4, 2022
- William Payne
Roadside EV charging specialist Gravity has released a new kerbside charger with the same footprint as conventional roadside chargers but able to charge 15 times faster at comparable equipment cost. The TIC_01 charger employs technology developed for Gravity’s TFC-01 True Fast charger, and will be available for deployment by the end of the year.
The company is aiming to address the need for faster roadside charging in cities. New York City has committed to installing 10,000 curbside charging spots by 2030. But conventional 6-7kW level 2 curbside chargers take 8-10 hours to charge a vehicle—forcing cars to park far longer than necessary in business districts with metered parking, and significantly reducing the total number of EVs each charger can support.
Gravity’s new roadside charger is designed to “invisibly” charge vehicles during standard 1-hour meter dwell times, so drivers do not have to alter driving and parking behaviour to charge their vehicles.
The company argues that because of that high turnover, a network of 10,000 Gravity chargers can support hundreds of thousands of EVs charging sessions a day.
To manage power draw on the grid, Gravity integrates with the closest substation or neighbouring buildings, taking into account current peak usage and capacity charges and all power is shared across chargers on the block. This is designed to allow for optimal use of available power at low cost, bringing down the cost of EV charging to the consumer.
Such an approach can also support a future smart energy management initiatives including vehicle-to-load and vehicle-to-grid, which relies on bi-directional use of EV batteries. The company argues that Tesla’s recent announcement of CCS adapters strengthens the convergence to the CCS standard and makes AC level 2 chargers obsolete outside home garages.
“Cities have this one chance to get curbside charging right. We must ensure that this long-term investment is not wasted on obsolete chargers that hinder EV adoption and strain the grid. Our newest chargers will enable cities to accelerate EV adoption, boost turnover at the curb and move toward a smarter grid. Gravity has a future-proof solution that’s faster and more flexible than any other on the market today, and we’re excited to begin our first installation soon,” said Moshe Cohen, founder and CEO of Gravity Inc.


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AI News, Introducing AWS Deep Learning Containers artificial intelligence
AWS launches Deep Learning Containers and new AI infrastructure options - SiliconANGLE
It consists of popular artificial intelligence tools from the open-source ecosystem that the provider has packaged into Docker containers, allowing them to be easily deployed on different types of AWS compute instances.
Matt Wood (pictured), general manager of artificial intelligence at AWS, said the Deep Learning Containers are intended to help companies quickly set up deep learning environments with optimized container images.
AWS unveiled the bundle in conjunction with a new automation tool for its Redshift data warehouse that likewise aims to reduce administrative overhead for customers. Dubbed Concurrency Scaling, the mechanism can allocate additional processing power when there’s a usage spike and deprovision the extra resources once they’re longer needed. AWS also took the opportunity to officially release its App Mesh network monitoring tool into general availability. The new features are rolling out alongside a trio of infrastructure options aimed mainly at enterprises that are looking to cut their cloud expenses.
Amazon Web Services unveils pre-packaged containers that make deep learning models easier to run
Customers of Amazon Web Services looking for easier ways to get their deep-learning models into production will be able to take advantage of a new service based around Docker containers.
Anyone following cloud computing over the last few years has heard a lot about artificial intelligence and machine learning, and deep learning is a more sophisticated and complicated type of machine learning that requires a lot of computing power.
However, the people who are experts in this field generally aren’t experts in the also-complicated process of making workloads run reliably at scale on computing resources, which is where AWS Deep Learning Containers comes in, allowing them to fall back on a de facto industry standard to get the job done.
Eye on A.I.— Artificial Intelligence: From Mars to Earth
If you need convincing that artificial intelligence will transform the world, I’d like to take you on a trip to Mars.
Well, not the planet, but Amazon CEO Jeff Bezos’s annual invite-only MARS conference last week in Palm Springs that takes its name from its focus on machine learning, automation, robotics, and space.
Over 200 of the world’s leading scientists and technologists gathered to discuss their latest far-out research, a nerve-racking experience for those who presented in front of Bezos himself.
As Daphne Koller, co-founder of online learning service Coursera, explained, the cutting-edge analysis used to parse data collected by computers and sensors will likely bleed further into other areas—in her case the biological sciences.
While the conference clearly inspired the technologists and scientists to think big, their casual conversations on the sidelines revealed that they are still scratching their heads over many facets of artificial intelligence and the potential problems the technology creates.
- On 6. juli 2020
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Ms. Reinhart is the former chief trial counsel for the Federal Trade Commission Bureau of Competition. While there, she led a trial team to victory in the FTC’s challenge to Staples’ proposed acquisition of Office Depot, among several other proceedings. Since returning to Skadden, Ms. Reinhart has led trial teams in two Department of Justice Antitrust Division merger challenges, including a win on behalf of Sabre Corporation in 2020. In 2022, Ms. Reinhart again successfully represented Sabre in a three-week jury trial victory in an action brought by US Airways alleging violations of Sections 1 and 2 of the Sherman Act, with a jury finding Sabre not liable on one claim and awarding $1 in damages on the other. In January 2023, on the eve of trial, Ms. Reinhart obtained dismissal of all federal antitrust claims brought against Norfolk Southern Railway Company in a lawsuit by CSX Transportation.
In private practice in the government investigations area, Ms. Reinhart has handled criminal and civil investigations by the Department of Justice’s Antitrust Division, the FTC and state attorneys general in many industries. She represents companies and individuals in FTC investigations into alleged violations of Section 5(a) of the FTC Act for unfair advertising and marketing practices, such as allegations of deceptive online advertising, negative option marketing and multi-level marketing. Ms. Reinhart has handled criminal antitrust investigations for companies and individuals in pharmaceuticals, auto parts, freight forwarding, marine hose, air cargo, helicopter transportation, industrial chemicals, methionine, vitamins, graphite electrodes, flavorants and stay cable bridges industries.
In the litigation area, Ms. Reinhart has handled many class actions alleging price-fixing for companies such as Anheuser Busch, Hankyu Hanshin Express, Norfolk Southern Railway Company, Southeastern Freight Lines, Korean Air Lines, Degussa and others. She has handled a number of private actions alleging monopolization and conspiracy to monopolize, including claims of reverse payments agreements for pharmaceutical companies.
Ms. Reinhart has been selected for inclusion repeatedly in Chambers USA, in which clients noted that she is “very talented at working through issues strategically and tactically,” and as one of Lawdragon’s 500 Leading Litigators in America. In addition, she was named a finalist for Global Competition Review’s 2023 Litigator of the Year award and selected to GCR’s 2021 Women in Antitrust list.


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Hammerson plc (LON:HMSO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $274.72 and traded as high as $282.30. Hammerson shares last traded at $280.20, with a volume of 1,428,005 shares changing hands.
A number of brokerages recently commented on HMSO. Peel Hunt restated an “add” rating on shares of Hammerson in a research report on Tuesday, November 5th. Royal Bank of Canada downgraded shares of Hammerson to a “sector performer” rating and set a GBX 290 ($3.79) price objective for the company. in a research report on Wednesday, October 16th. Deutsche Bank restated a “buy” rating on shares of Hammerson in a research report on Tuesday, July 30th. Goldman Sachs Group restated a “neutral” rating on shares of Hammerson in a research report on Thursday, August 8th. Finally, Liberum Capital restated a “hold” rating on shares of Hammerson in a research report on Wednesday, August 21st. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Hammerson currently has a consensus rating of “Hold” and a consensus target price of GBX 324.67 ($4.24).
The stock’s 50-day moving average price is GBX 292.26 and its 200-day moving average price is GBX 274.25. The company has a debt-to-equity ratio of 65.05, a quick ratio of 0.74 and a current ratio of 0.87. The company has a market capitalization of $2.18 billion and a price-to-earnings ratio of -3.44.
Hammerson Company Profile (LON:HMSO)
We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.
Further Reading: Gross Domestic Product (GDP)
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Cooking and home décor products cataloger/retailer Williams-Sonoma reported solid results for 2010, with record growth across the board.
Consider that the merchant’s direct-to-customer sales rose 17.3%, to $466 million in the fourth quarter. Internet sales for the period jumped 27.2%, to $393 million, from $309 million.
Retail sales increased 5.3%, to $729 million, while same-store sales rose 5.2%. For fiscal year 2010, Williams-Sonoma’s net sales increased nearly 13%, to $3.50 billion, up from $3.10 billion. Internet sales soared nearly 27% while same-store sales rose 9.8%.
The company — which includes Williams-Sonoma, Pottery Barn, Pottery Barn Kids, PBteen, West Elm and Williams-Sonoma Home — made progress in merchandising, marketing, customer acquisition and customer service in 2010, according to president/CEO Laura Alber.
Chris Kampe, managing director for investment firm Tully & Holland, agrees that Williams-Sonoma “appears to be firing on all cylinders.”
Margins are higher due to higher gross margin, efficiencies in supply chain, lower retail operating expenses, and a leveraging of fixed costs over higher sales volume. Kampe explains. And Pottery Barn, which he calls perhaps the most cyclical component of Williams-Sonoma, “has been performing much better.”
Beyond simply better execution, Kampe says Williams-Sonoma is flourishing from the return of consumer spending for discretionary purchases with the end of the recession.
As for the remainder of 2011, Alber said in a statement that Williams-Sonoma will focus on adding new efficiencies in its worldwide supply chain, improving the retail customer experience and expanding the ecommerce business — including the rollout of international shipping.


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newsletter
with Louise Matsakis
| San Francisco|| Washington, D.C.|| Beijing|
Hi, and welcome to Semafor Tech, a twice-weekly newsletter from Reed Albergotti and me. For the last few weeks, I’ve been thinking about what would really happen if the U.S. government were to ban TikTok. The drastic measure would have plenty of implications for Americans, but I increasingly believe that TikTok itself would survive, and even thrive, in other parts of the world. Today, I have some details about one of its fastest growing businesses in Southeast Asia: e-commerce.
Plus, a Q&A with the U.S. Federal Trade Commission’s chief technology officer by freelancer Ben Brody, formerly of Protocol, and some shocking figures from Reed about how much money venture capitalists aren’t spending.
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➚ MOVE FAST: Apple. The iPhone maker is now the only tech giant to have avoided layoffs (at least so far). It has instituted hiring freezes and CEO Tim Cook took a pay cut. Now, Cook looks like the one big tech CEO who deserves a raise.
➘ BREAK THINGS: Every other tech company. Layoffs at Google parent Alphabet announced today bring the total number of job cuts by just three big tech companies this month to 40,000. Whether they are really hurting or just trying to appease Wall Street, the bloodletting is astonishing.
The number of successful rocket launches in 2022 — a new record. U.S. company SpaceX, the Chinese government, and private firms in China accounted for more than two-thirds of the total, collectively sending 123 rockets to orbit and making it look as easy as firing up an Estes.
TikTok's Chinese sales to overseas consumers are booming
TikTok’s revenue from selling Chinese products to international consumers increased almost fivefold in 2022 from the previous year, according to internal information obtained by Semafor.
Last year, merchants from China produced over five million videos and livestreams on the app, marketing products ranging from platform pool slides to puffer vests, the records show. The content was made as part of “Project Aquaman,” TikTok’s ambitious plan to bring a version of China’s $400 billion livestream shopping industry to other markets around the world.
At the center of the initiative is TikTok Shop, a feature that allows users to buy items directly through the app without needing to navigate to an external website. It launched in the UK in 2021, but is most widely used in Southeast Asian countries, like Indonesia and Thailand. TikTok began testing the feature in the U.S. late last year, Semafor previously reported.
The internal information also reflects Chinese-owned TikTok’s close ties to the People’s Republic. In one record, for example, it referred to the best-selling products on TikTok Shop according to the Chinese city where they are made: leather purses from Baigou, wigs from Xuchang, and Crystals from Donghai. (I’ve written previously about the latter two e-commerce hubs for Semafor.)
TikTok didn't comment in time for publication of this story.
— Diego Mendoza contributed to this reportCFOTO/Sipa USA/Reuters
As tensions between the U.S. and China escalated over the past few years, TikTok went to great lengths to appear separate from its Chinese parent company, ByteDance. But these internal records show that in other parts of the world, the app is playing a huge and growing role in cross-border e-commerce, which largely relies on connections to the People’s Republic.
The documents also paint an instructive picture of what TikTok would look like if the U.S. government decides to crack down even more on the company. In recent weeks, Congress, over a dozen states, and several cities have banned TikTok from government-owned devices and Wi-Fi networks, including on state college campuses. While the measures are more symbolic than substantive, U.S. lawmakers seem willing to make it even harder for TikTok to operate in America, which is its most profitable market.
But even if the U.S. were to fully ban TikTok, as one bill introduced by Republican Senator Marco Rubio would, the app would still have hundreds of millions of users in other regions, many of whom are now increasingly using it for online shopping. And while the Indian government banned TikTok in 2020, leaders in places like Thailand and Indonesia don’t necessarily have the same stance toward China as those in Washington.
THE VIEW FROM INDONESIA
TikTok’s merchant management app was the most-downloaded shopping platform in Indonesia last year, according to the news site Tech in Asia. Across the country, many business owners are now reaching customers through the video platform, like Inggit Pambudi and his wife Mudya Ayu, who sell headscarves in the West Java district of Cicalengka, which has been nicknamed “Hijab Village.”
“We don’t even have any physical store,” Pambudi told Al Jazeera. “When I learned that I can livestream and sell my products on TikTok, I thought that it’s a good opportunity for us.”
- The head of TikTok’s U.S. e-commerce business, Sandie Hawkins, reports to a ByteDance executive — not TikTok’s CEO, The Information reported earlier this week.
- TikTok is being more transparent with U.S. lawmakers about its ambitious plans to reorganize its American operations, an effort it hopes will address concerns about its Chinese ownership, according to the Wall Street Journal.
Q&A: Stephanie Nguyen of the U.S. Federal Trade Commission
Nguyen has been the FTC’s chief technology officer since October. Agency Chair Lina Khan brought her on as one of several academics helping to remake the FTC as an unapologetic foe to tech companies and Big Business. She explains what technologists might be watching that the agency’s lawyers are missing.
Q: What is the job of the FTC CTO’s office?
A: The goal is to help with the agency's cases and investigations, to use our expertise as people who've worked in tech products and services. We do a lot of engaging with staff and leadership to identify various types of harm and market failures.
What this looks like in practice is having our technologists be able to draft specifications in our civil investigative demands, or subpoenas, and to be asking questions around algorithmic pricing models or data anonymization or cryptography and security protocols.
What are the different forms of multifactor authentication? Are AI systems even capable of doing what they advertise? We're closely following how the digital economy is impacted by changes in commercial surveillance.
Q: Chair Khan has talked about not just wanting to punish for particular harms but to stop them before they happen. Can you explain how that works?
A: I would look to the recent case of Drizly, which requires the company to publish limits on how long they keep different pieces of data. Ideally, this promotes a view that retention of data beyond [the time period that] is useful to users is a risk and not an asset.
Q: Tell me how you got into this?
A: I'm a human–computer interaction designer, and my career has really been centered around studying how technology can be used to hurt people, and then designing and building systems that actually help [people] do things like pay their student loans or get access to diabetes medication.
What's important to me, especially at the FTC, is that companies actually follow the laws that are built to protect the public. I've watched my parents interact with opaque systems that prey on non-native English speakers, especially around dark patterns and [user interfaces] that inundate them with legalese or default settings that share their information or suddenly enroll them in annual subscriptions. [Editor’s note: After this conversation, the FTC announced Epic Games would pay $245 million “for allegedly using dark patterns to dupe millions of Fortnite players into making unintentional purchases.”]
This should not be the case. That is something that almost every person who has bought something online can really feel because it’s like a million paper cuts a day.Unsplash/Oberon Copeland @veryinformed.com
Q: Reporting and surveys show the FTC workforce isn't particularly happy and they have doubts about the leadership. Is that something that you've experienced?
A: I have worked in several government agencies. Here, I feel valued. I feel like people listen to me — I have an impact.
Q: What do you hope to look back and say were your main accomplishments as the CTO?
A: I want to make sure the work that we do reflects what farmers and workers and business owners and consumers are experiencing today. Without having technologists — especially user experience researchers, anthropologists, social scientists who actually talk to humans and study how technology directly impacts them — we aren't seeing the full picture.
One Good Text with … Gabriel Nicholas & Aliya Bhatia
Gabriel and Aliya are both researchers at the Center for Democracy and Technology, where they’re studying how large language models — such as ChatGPT — work in languages other than English.
After reading a bunch of articles about Reed Hastings stepping down as co-CEO of Netflix, one thing stood out: The stories mostly focus on what’s happened to the company over the last 12 months, when they should really look at what Hastings did over the last 25 years.
Sure, the future of Netflix is a fascinating story that will be covered with rigor. But this is a moment to take a step back and appreciate the tenure of an entrepreneur who has had an enormous impact on entertainment, pop culture, and tech.
Netflix started off sending DVDs through the mail when people still went to video rental shop Blockbuster. Hastings made the difficult decision in 2007 to completely disrupt his own company by pivoting to streaming — when streaming was still difficult for most consumers.
Perhaps most remarkably, he turned the company into a film studio with hit shows, such as Orange Is the New Black and House of Cards. A decade later, Apple is winning Oscars and Amazon has acquired the movie and TV studio MGM. None of that would have happened without Netflix leading the way.
- Instagram launched a new feature called Quiet Mode, which functions similarly to the Do Not Disturb button on iPhones. If someone sends you an Instagram direct message while it’s enabled, they’ll receive an auto-reply saying you have Quiet Mode turned on.
- TikTok announced it will start labeling state-affiliated media outlets in 40 markets “whose editorial output or decision-making process is subject to control or influence by a government.” Several Chinese state media publications have already been impacted.
- Twitter officially banned third-party apps like Tweetbot and Twitterrific, which have played a long part in its history. But Twitter doesn’t serve advertisements through them, and the company’s new owner, Elon Musk, needs money.
Are you enjoying Semafor Tech? The more people read us, the better we’ll get. So please share it with your family, friends and colleagues to get those network effects rolling.
And hey, we can’t inform you on what’s happening in tech from inside your spam folder. Be sure to add firstname.lastname@example.org (you can always reach me by replying to these emails) and email@example.com to your contacts. In Gmail, drag this newsletter over to your ‘Primary’ tab.
Thanks for reading.
Want more Semafor? Explore all our newsletters at semafor.com/newsletters
— Reed and Louise


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Will the new circular economy package be ambitious enough?
With the European Commission unveiling its long-awaited circular economy package on Wednesday (2 December), UK experts and green groups are keen to find out if it will contain the necessary ambition to drive resource efficiency.
The new package has taken almost a full year to formulate, after the Commission scrapped its original plans last December, promising to deliver a “broader and more ambitious package” in its stead.
However, documents seen by edie content partner Euractiv last week suggested that the new package might actually be less ambitious, with watered-down recycling and landfill targets.
The 2014 package called for a 70% recycling target for municipal waste for 2030, and a total ban on landfill for all recoverable and reusable waste. The new plans will reportedly only call for a 65% recycling goal, and will allow a 10% landfill quota.
What else do we know about the circular economy package?
The original package demanded a reduction of at least 30% of food waste between 2017 and 2025, but there will apparently be no such target in the new rules, just a requirement to monitor and assess waste prevention measures, with member states required to introduce mandatory separate collection of food waste.
The leaked documents showed that the new package will offer “major” funding for innovation and “targeted action” in food, construction, industrial and mining waste, and public procurement.
The package also seeks to create a market for secondary raw materials “which can be traded and shipped” just like primary raw materials from traditional extractive resources”. To achieve this, the new package could propose an EU-wide quality standard for all raw materials.
How could this affect the UK?
Several key UK stakeholders have laid out their wants in the consultation phase, including Defra, WRAP, the Green Alliance and the Renewable Energy Association (REA).
Defra has called more collaboration between sectors and voluntary – rather than prescriptive – measures. It also said that public procurement should lead by example by choosing circular options where possible.
WRAP advocated for a specific food waste policy, greater encouragement of resource efficient business models, and the creation of a ‘vision’ of what the ideal EU circular economy would look like in 2025.
Meanwhile, the Green Alliance said the package must encourage manufacturers to design products to be longer-lasting and more repairable.
The REA today (1 December) issued its own statement on the upcoming circular economy package, listing three key wants from the legislation.
1) Introduce mandatory separate food waste collection within three years. This would help develop the composting and anaerobic digestion (AD) industries, which would improve UK soil quality, reduce emissions, and produce green gas, the REA says.
2) Introduce more clear guidelines around the incineration of food waste. The REA claims that clear regulation is needed to promote healthy AD and waste-to-energy industries.
3) Improve the quality of inputs to composing and AD sites through improved communications to households and businesses. As the quality of the food and organic wastes improve, it will be easier to produce green gas, says the REA.
What’s at stake?
The exact figures vary, but waste-focused NGO’s and charities are unanimous in the opinoin that the circular economy could provide a massive boost to the economy, job creation and resource husbandry.
WRAP estimates that a European transition to the circular economy could create three million extra jobs by 2030 and reduce unemployment by 520,000. Another study released today by the Green Alliance suggests the circular economy could create an additional 270,000 jobs in Italy, Poland and Germany alone, saving €3bn a year.
The financial benefits are also clear to see. In June, the Ellen MacArthur Foundation claimed that a pan-European transition to a circular economy would generate around €1.8trn of benefit for European economies every year.
The need for more ambition on waste and resource managementin England was highlighted today by new Defra figures for the 12-month period to March 2015, which show the rate of recycling from households in England was 44.7% – up year-on-year by just 0.2%. There is an EU target for the UK to recycle at least 50% of waste generated by households by 2020.
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.


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Afreximbank is to double its support to Intra-African trade and investments in the next five years, Mrs Kanayo Awani, Managing Director, Intra-African Trade Initiative, Afreximbank has said.
She said over the past five years the Bank through this Intra-African Trade Group had disbursed about $20 billion and was committed to doing more.
Speaking at a roundtable discussion on Egypt, Africa Business at the Annual General Meetings of Afreximbank in Cairo, Egypt, she said “We have also onboarded almost 500 of the 600 regulated African banks onto our intra-African Letter of Credit Scheme.
Mrs Awani said recognising the potential intra-African trade held in anticipation of the emergence of the African Continental Free Trade Area (AfCFTA.) Afreximbank, in 2017, created a new function called the Intra-African Trade Division.
Apart from the support for trade and investments, she said the Bank recognized that the implementation of the AfCFTA would come with the new competition and as such put in place measures to reduce the impact.
“The liberalization of the African market may see competitors who could not previously compete entering the market at low cost. Afreximbank is addressing this challenge through the operationalization of an AfCFTA Adjustment Facility,” she said.
The facility she said would provide a mechanism for the Member States to access financial and technical resources to implement the Agreement and mitigate the short-term disruptions and associated costs.
To this end, Mrs Awani said the Afreximbank Board had already committed $1 billion as its initial investment.
The Bank, she said, had also developed the Afreximbank African Collaborative Transit Guarantee Scheme, which would provide a single technology-enabled transit guarantee that would facilitate the movement of goods throughout the continent in support of the AfCFTA.
When fully operational, she said, the scheme was expected to lead to a significant reduction in border delays and annual savings of more than 300 million dollars annually.
“Another important Afreximbank initiative championing intra-African trade is the Pan African Payments and Settlement System (PAPSS) in January this year. A ground-breaking platform that will facilitate cross-border payments in local African currencies and is set to boost intra-African trade significantly by minimizing the use of hard currencies and making cross-border payments cheaper and seamless,” she said.
There are currently 42 currencies in Africa and PAPSS will significantly reduce the costs of currency convertibility and save the continent more than $5 billion annually in payment transaction costs, which will benefit the numerous SMEs and young entrepreneurs across the continent.
For instance, PAPSS will allow a Ghanaian trader who imports from Egypt to pay for imports using the cedi while the Egyptian exporter will receive payment in Egyptian Pounds.
Dr El-Sharkawi, chairman of the Egyptian African Businessmen’s Association, said it was about time Africans trade among themselves to create jobs for the youth and ensure sustainable development.
He said the objectives of AfCFTA could only be achieved if a high premium was placed on Intra-African Trade and reduced the import of foreign goods.
Dr Amany Asfour, President of Africa Business Council, commended Afreximbank for its commitment and support to Egyptian businesses.
The AfCFTA, which seeks to bring together 55 African countries and create an integrated market of 1.3 billion people, with a combined Gross Domestic Product of over US$3 trillion, holds enormous potential for Africa’s trade-led development.


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And to decipher that, we will require a expertise imaginative and prescient that meets the requirements of constantly changing on-demand experiences. We’re leaping from the longer term back to the present, the place cannabis is getting prettied-as much as ease its path to legalization and social acceptance.
As we proceed sooner or later, technology is predicted to make more method into our dwelling. Technology tendencies in 2020 will come with both unfathomable innovation and intricate connectivity, drawing the social accountability of companies to respect the moral lines of the consumer knowledge breach. According to the PwC report, AI Products by 2030 will contribute over $15.7 trillion to the global economic system. A much-anticipated tech pattern in 2020 would be the sophistication of expertise upgrades within the medical subject.
As digital realities get more refined and narrowed down to an unique reality of every moment, international know-how developments will align in direction of extra customized and on-demand experiences to meet customer needs. Although at current, these latest rising technologies are still riddled with glitches threatening human safety, looking at their huge prospects, AI dietary supplements are certain to turn into a technology trend in 2020. AI know-how trends, together with merchandise like AlterEgo, a mind-reading wearable, and citizen robots like Sophia, are promos on how massive AI technology will get in 2020. Companies like Domino’s and Doordash are already experimenting with drones and robot supply. Artificial technology or AI just isn’t a brand new term within the IT-sphere, but now there are additional verticals of AI that are shaping the industries globally and that is ultimately making the know-how features within the high IT trends at present.
The trick here for companies is to integrate and adapt to a person’s choice for the latest technology. Gillette is one such instance that has partnered with 3D printing startup Formlabs to supply customized razor designs. Volkswagen, as an example, is already cashing in on one of many greatest new expertise trends of 2020. It uses quantum computing to test site visitors flow optimization and accelerate battery development. It’s anticipated that by 2020, seventy five% of the enterprise-generated information will be processed regardless of the centralized information middle.
But none of these determinants might rule out the potential of autonomous autos in 2020. According to the IDC Worldwide Semiannual Digital Transformation Spending Guide, the worldwide annual spending on applied sciences and services is about to hit a whopping $2.3 trillion as forecasted. The spending on digital transformation (DX) is at an estimated compound annual progress fee of 17.1% for a interval of 5 years ( ). In the post-digital world, along with digital realities, associated products and services might be hyper-personalized.
The new KEEP storage container for cannabis is discreet on the surface—its show has a clock and climate information—but it opens to reveal multiple storage spaces for different kinds of cannabis merchandise and a rolling tray. The kicker is its locking system, which works via facial recognition or a knowledge-encrypted app. If someone who isn’t you is attempting to get into your stash, then you definitely’ll get a notification, which may be very practical if you have home friends, youngsters, or grasping roommates.—S.R. We can lock our doors remotely if we neglect to once we leave for work and preheat our ovens on our method house from work, all while tracking our health on our Fitbits and hailing a experience with Lyft. But businesses also have much to gain now and within the close to future.
- The vast majority of individuals readily embrace know-how of their private lives — whether or not within the type of sensible telephones, sensible watches, or apps which are used for private finance to non-public fitness (and everything in between).
- This suggests that folks simply want the right incentives from their workplaces or from governments, ought to they be employed within the public sector.
- Apart from generating a lot needed statistics, lots of these technologies really save time and analyze patterns in our day-to-day lives.
- One of the most rising developments in data expertise, Automation is aimed to reinforce folks and propel enterprise operations.
The IoT can allow higher safety, effectivity, and decision making for businesses as data is collected and analyzed. It can allow predictive maintenance, velocity up medical care, enhance customer support, and supply benefits we haven’t even imagined but. Although most people think of blockchain know-how in relation to cryptocurrencies corresponding to Bitcoin, blockchain offers safety that is useful in lots of different ways.
In all these years, she closely followed the app improvement, and now she writes about the present and the upcoming mobile app technologies. With changing times, expertise has set foot in nearly each side of our lives. Right from calling to manage residence lights, every little thing is on our fingertips.
3D printing will open a brand new enterprise of superior prosthetics as many universities are expanding their research in 3D printing of bionic body elements. Real-time opportunities to capture “momentary markets” will change the face of customer analytics and promoting in ways exhausting to think about.
This new upcoming expertise of 2020 will be a significant breakthrough in cloud infrastructure. The augmentation of people won’t solely improve the physical endurance of a person but it will also enhance the human’s capacity to assume and decide higher. To put it merely, we are able to say that human augmentation does hold substantial potential in the way forward for expertise. There continues to be time for the modulation of the laws for autonomous driving by legislators, regulators, and authorities. Over that, vital tweaks shall be required within the current infrastructure, laws, and social attitudes earlier than we can embrace autonomous vehicles in the current expertise trends in info expertise.
Taking the world by storm, new and innovative tech devices are heightening shopper lives in surprising ways. Shining the spotlight on every little thing from rising multimedia, mobile utilization and smartphones designs, Trend Hunter’s tech class is showcasing the latest developments in chopping-edge technology. She is a content marketer and has greater than five years of experience in IoT, blockchain, Web, and mobile improvement.


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Social media large Fb has seen its every day lively customers (DAUs) drop for the primary time in its 18-year historical past.
Fb’s father or mother firm Meta Networks says DAUs fell to 1.929bn within the three months to the tip of December, in comparison with 1.930bn within the earlier quarter.
The agency additionally warned of slowing income progress within the face of competitors from rivals like TikTok and YouTube, whereas advertisers are additionally chopping spending.
Meta’s shares slumped by greater than 20% in after-hours buying and selling in New York.
The slide in Meta’s share worth wiped round $200bn (£147.5bn) off the corporate’s inventory market worth.
Shares in different social media platforms, together with Twitter, Snap and Pinterest, additionally fell sharply in prolonged buying and selling.
Chief govt Mark Zuckerberg mentioned the agency’s gross sales progress had been damage as audiences, particularly youthful customers, had left for rivals.
Meta, which owns the world’s second largest digital promoting platform after Google, additionally mentioned it had been hit by privateness adjustments on Apple’s working system.
The adjustments have made it tougher for manufacturers to focus on and measure their promoting on Fb and Instagram and will have an effect “within the order of $10 billion” for this 12 months, in accordance with Meta’s chief monetary officer Dave Wehner.
Meta’s whole income, the majority of which comes from promoting gross sales, rose to $33.67bn within the interval, narrowly beating market predictions.
It additionally forecast revenues of between $27bn to $29bn for the following quarter, which is decrease than analysts had anticipated.
Whereas the corporate has been making its personal investments in video to compete with TikTok -owned by Chinese language tech large ByteDance – it makes much less cash from these choices than its conventional Fb and Instagram feeds.
Mr Zuckerberg mentioned he was assured the investments in video and digital actuality would repay, as earlier bets on cellular promoting and Instagram tales have.
However, he famous, the agency did not need to deal with a significant rival throughout earlier shifts in technique.
“The groups are executing fairly properly and the product is rising in a short time,” he mentioned. “The factor that’s considerably distinctive right here is that TikTok is so large a competitor already and likewise continues to develop at fairly a quick charge.”


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Mothercare Ireland is to close its 14 stores including at the Crescent Shopping Centre in Limerick
THE Limerick store of Mothercare Ireland is to close after the company entered liquidation as a result of the impact of Covid-19.
The decision, which will see the closure of 14 stores across the country, was confirmed this Friday morning.
More than a dozen people were employed at the Limerick store which is located at the Crescent Shopping Centre in Dooradoyle.
“When Covid-19 began to spread in Ireland, no one knew the scale of the impact that this would have. The impact on our business to date is unprecedented and what has become clear over recent weeks is that store sales are going to be seriously impacted whilst social distancing measures are in place in the short term and longer term as consumer habits permanently change. When we factor this in coupled with issues we have in our supply chain, the business will sustained significant losses this year and will continue to do so into the future,” read a statement published on the company’s website.
Mothercare Ireland MD Jonathan Ward said the impact of Covid-19 on the business has been unprecedented and that the decision to cease trading was devastating.
"Unfortunately our business is no longer sustainable as it will continue to make losses into the future," he said.
It is understood that the company, which employed 197 people across the country, had barely made a profit in recent years and had been expecting its sales to drop by up to 40% this year as a result of the Covid-19 crisis.
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A retail sales chart from Bloomberg shows that traditional retail department stores are in serious trouble. In-store retail sales have steadily declined from 9 % of total retail sales in the early nineties to just 2.67% today. By contrast, total sales from non-store retailers such as Amazon have increased from under 4% to 10.44% during that same period. In total, non-store retailers have seen sales increase for 23 straight months, far and away the longest active streak among sub-sectors.
One obvious reason for this shift is convenience. Consumers simply like being able to tap their phone or open a web page and get a product delivered to their doorstep.
But another reason for the shift is that non-store retailers are dominating the data game. For instance, Amazon doesn’t just track what their users purchase; they also track everything their users look at as they shop. Amazon then serves personalized ads and messages to these users for the specific products they just browsed and displays these ads across the internet — even on sites that don’t belong to Amazon. This marketing initiative keeps these products top of mind, making users more likely to make a purchase.
This example illustrates what analysts call the data flywheel effect. The more users browse Amazon, the more user data Amazon obtains — and the more data Amazon obtains, the better Amazon is at personalizing the customer experience, thereby making more sales and improving the overall experience. It’s a rapid win-win cycle. The flywheel spins faster and faster as data and engagement feed off each other – all while Amazon’s lead against the competition gets wider and wider.
The Data Flywheel Effect and Banking
Retail banks and credit unions have a tremendous opportunity to take advantage of the data flywheel effect in a similar way. After all, financial institutions collectively capture trillions of data points (from transactions to social media interactions), creating a goldmine of useful insights.
Among many things, banks and credit unions can learn how and when money leaves their institution to a competitor’s institution via a myriad of transaction types (including credit card and loan payments). Through social media tracking, life stage events can be identified long before competitors can take note. Knowing this information, financial institutions can then serve up hyper-personalized communication to these exact users — just like Amazon.
There’s no question that this move to advanced analytics is a difficult hurdle to overcome. Many banks haven’t traditionally needed to hire data specialists, nor have they had to partner with financial technology companies to amplify their data efforts. This transition can be messy, as banks wade into uncharted territory.
However, banks that start turning the flywheel now will win the gains that come with momentum. The more they make use of the available data, the better they will be able to personalize their services to their audience. In the process, they’ll win more users and get more data, which in turn will improve the user experience.
Investing in Advanced Analytics
Because of this advantage, it’s little surprise that more and more firms are investing in data solutions. A survey cited in the Harvard Business Review found that 63% of firms plan to invest more than $10 million in 2017 (compared to 24% in 2012). Similarly, 70% now say that big data is “of critical importance” (compared to 21% in 2012). It’s clear that companies are starting to see just how much the data flywheel matters.
Let’s look at a few financial institutions that are leading the way on this front.
Wells Fargo’s “Activist Analysts” — Wells Fargo hired Charles Thomas, EVP and Chief Data Officer, who trains employees to be what he terms “activist analysts” — meaning that they improve the process from gathering data to gaining insights to putting the insights into action and finally to measuring the results.
Specifically, he’s interested in sharing data across operation lines so the bank can offer up an ad for a mortgage to a customer who has just searched for a mortgage, or so they can avoid making blunders like pitching a sale right after a customer has filed an online complaint. This process ultimately leads to higher customer satisfaction and, in turn, better word of mouth.
TD Bank’s Customer Mapping — Like Wells Fargo, TD Bank also works to unify data from disparate departments. As recorded in a MoneySummit interview, TD finds ways to “blend the analytical and emotional aspects of a customer’s thought process into a comprehensive strategic roadmap.”
Specifically, they first “observe the customer in as natural and unguided setting as possible,” then they “blend this anthropological research data with analytics from past behavior tracking.” With that raw data at hand, they trace the path the customer took from interest to purchase and create “a linear process map.” As they refine the map bit by bit, they get closer and closer to providing an experience that matches exactly what their customers are looking for.
USAA’s Personalized Advice — USAA has found that in addition to using complex algorithms, they can gather user data in simpler, more obvious ways. For instance, they’ve built a simple online experience that asks users a series of five questions about their finances and then offers different advice depending on how the user answers. In addition, USAA has built personalization into its mobile app so that the experience differs based on the products that the user has with their institution.
The Data Flywheel Effect Widens the Gap
Leaders in the collection and use of data are paving the way for years to come. As the data flywheel spins faster, they’ll see the gap between them and their closest competitors get wider and wider.


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Mirchi, M-Ping enables clients to effectively advertise across all audio OTT platforms with an audience-centric and a platform-agnostic approach
Mirchi, India’s no.1 city-centric music and entertainment company announces the launch of M-Ping – a one-stop solution for advertisers to reach relevant audiences across all audio OTT platforms.
M-Ping will complement Mirchi’s multi-media solutions offering to marketers by assisting them in delivering superior, end-to-end audio campaigns, including ideation, production, and execution.
M-Ping takes an audience-centric and platform-independent approach.
M-Ping provides cutting-edge affinity-based targeting, allowing brands to reach out to their audiences regardless of the audio platform they are listening to.
Digital audio usage in India has increased dramatically both during and after the pandemic. Advertisers are continuously looking for ways to use digital mediums to engage with their target audiences through targeted, data-driven, and ROI-driven ad buys.
Mirchi, a prominent radio player and developer of customised brand solutions, has a well-trained in-house creative and sales team that has helped over 20,000 clients curate and execute their audio, social media, and digital campaigns in a year.
This seasoned group will provide unrivalled competence in running the newest addition to the multi-media mix, M-Ping.
M-Ping expands Mirchi’s diverse inventory, allowing advertisers to communicate more effectively with their target demographic.
“Over the past 20 years, Mirchi has developed into a multi-platform, multi-format brand with a presence across FM, LIVE, and digital domains.” As a result, we are a force to be reckoned with when it comes to creating bespoke solutions for every brand. The addition of M-Ping to our solution offering increases our capacity to address business objectives and solve marketing difficulties for clients in novel ways. Furthermore, M-ping contributes to the concentrated initiatives being created at Mirchi to strengthen our digital arm.”Prashant Panday, MD & CEO, ENIL, Mirchi, said,
“As a solutions provider Mirchi has been curating customized solutions for brands across verticals for over the years. With the launch of M-Ping, we are extremely excited to bring audio digital advertising to the center stage of marketing spends. Our solutions team is all-set to brew some of the most innovative ideas for brands and help them establish a connection with the consumers.”Preeti Nihalani, Chief Operating Officer, ENIL, Mirchi said,


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Enpocke announced today that it has been selected by McDonald’s to provide mobile couponing for a direct response marketing campaign. The campaign will drive localized retail traffic during the traditionally slower late evening hours with a series of weekly mobile coupons for late-night offers.
Enpocket and Media Planning Group are working together to launch the mobile couponing campaign promoting McDonald’s late night deals in the New York metropolitan area. The offers will be featured on the McDonald’s Late Night Lounge website. In addition, the campaign will be supported by mobile advertising banners running across several popular mobile internet sites, where consumers are targeted by age and location.
“McDonald’s is always looking for innovative ways to interact with our customers in a way that will create relationships that build brand loyalty,” said Ken Ebo, marketing director of McDonald’s. “Targeting our customers with special offers when they are mobile is very powerful for McDonald’s. Having customers interact with our brand on their most personal device is one of the most effective ways to not only engage the consumer but also provide an almost immediate call to action.”
“The mobile channel aligns perfectly with the quick serve restaurants’ core consumer demographic,” said Enpocket CEO Mike Baker. “Leaders in the industry, like McDonald’s, are realizing the potential to improve sales by developing targeted mobile campaigns that drive consumers into stores at the most desirable times.”


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Accel, which is one of the most active venture capital firms in India, has expanded its local partnership team by elevating three long-serving executives.
Abhinav Chaturvedi, Prayank Swaroop and Barath Shankar Subramanian have been promoted from principals to partners, Accel's website shows.
Accel India now has nine partners on board. The other partners are Subrata Mitra, Prashanth Prakash, Mahendran Balachandran, Anand Daniel, Shekhar Kirani and Dinesh Katiyar.
Chaturvedi, who had joined Accel in 2012, is either on the board or actively works with management teams at nine portfolio companies including student accommodation platform Stanza Living, home services marketplace UrbanClap and business-to-business agri-marketing platform Ninjacart. A graduate of Indian Institute of Technology-Roorkee, Chaturvedi had worked with Amazon before joining Accel.
Swaroop, who had joined Accel in 2011, focuses on investments in consumer mobile/internet, brands, digital media, business-to-business and financial technologies. He has led investments in companies such as packaging materials marketplace Bizongo and mobile gaming startup Mech Mocha. Swaroop, a graduate of IIT Delhi, had earlier worked with Adobe Systems and Standard Chartered Bank in India and Singapore before joining Accel.
Subramanian had joined Accel in 2012 after a stint as a senior consultant at Frost & Sullivan with focus on the healthcare and life sciences sectors. A graduate of Birla Institute of Technology and Sciences (BITS), Pilani, Subramanian works closely with home healthcare services provider Portea and medical-technology startup SigTuple.
Accel retained its status as one of the most active venture capital investors last year as it settled for second spot behind Sequoia Capital with 24 deals as compared with 38 in 2017.
Separately, The Times of India said that Accel was looking for more opportunities to invest in India. Its peer Sequoia Capital had established a presence in Southeast Asia in 2012.
US-headquartered Accel, which has been an early backer of leading internet companies including Flipkart and FreshDesk, had raised its first India fund—$10 million Accel India Venture Fund— in 2006. It raised its $64 million second fund in 2008 and $155 million third fund in 2011. In 2014, Accel raised $305 million (Rs 1,900 crore) for its fourth India fund. The venture capital firm followed this up with a $450 million new fund in 2016.
Last August, Sequoia Capital India had also announced key promotions even as a string of top executives quit the firm to launch their own venture.
Blume Ventures also elevated its chief financial officer (CFO) Ashish Fafadia as a partner last year.


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Alibaba Group, the Chinese e-commerce powerhouse that filed to offer its shares to U.S. investors Tuesday, has stretched its tentacles deep into China's other major Internet companies.
Its mainstay retail businesses, accounting for 83 percent of its $6.51 billion in revenue in the last nine months of 2013, are online marketplaces Taobao, Tmall and Juhuasuan.
Here's a look at those businesses as well as the various other Alibaba investments that give it a stake in social media, maps, mobile Web browsers, online video, brick-and-mortar retail and package delivery:
— Taobao, launched in 2003, is "China's largest online shopping destination," Alibaba says. Think eBay or Amazon, but in China.
— Tmall, launched in 2008, is China's third-party retail platform that lets brands and shops sell directly to customers.
— Juhuasuan, launched in 2010, is a popular group buying marketplace — think Groupon — in China.
— AliExpress, launched in 2010, targets worldwide customers who want to buy products directly from wholesalers and manufacturers in China. Alibaba says many of the site's customers are in Russia, the U.S. and Brazil.
— Alimama, launched in 2007, provides marketing services to Alibaba Group's sellers.
— 1688, formerly Alibaba.com, which launched in 1999, is a wholesale online marketplace in China.
— Alipay, launched in 2004, is a payment processor for Alibaba's marketplaces.
— Alibaba Cloud Computing, launched in 2009, uses Alibaba infrastructure to offer services to other clients much like Amazon Web Services.
— UCWeb Inc. is a Chinese developer of mobile Web browsers. Alibaba has a 66 percent stake.
— Weibo Corp. is a Chinese microblogging site is similar to Twitter or Facebook whose stock is publicly traded on the Nasdaq. Alibaba paid about $1.04 billion for a 30 percent stake.
Continue reading this story on the...


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“We’re trying to be as supportive as possible, but we’ve also been struggling to keep everything moving.”
If music is a world of gatekeepers and blatant antitrust violations, independent labels are the underdogs of the industry. With just three major labels (Sony, Universal, and Warner) releasing a little more than 60% of the music Americans purchase and stream, there’s not much room for the rest to compete.
Though no two are the same, generally speaking, running an indie label is, under ordinary circumstances, a fight against the proverbial tide—and to dare to do so during the pandemic was a massive risk. In a time when live performances were taken off the table, along with the profits they bring, artists who relied on gigs to win over new fans, sell merch, and self-promote found themselves resorting to less traditional methods of sharing their art with the world, all while delaying anticipated releases. The venues and labels who backed them, meanwhile, lost their most lucrative stream of revenue.
During a time that has placed increased pressure on DIY operations, indie labels have had to flex their creative muscles to not only continue producing content that can grab attention in a cluttered digital space, but also renegotiate their marketing strategies to accommodate a lack of ticket sales.
Indie labels like Bridge Nine Records, which has put out projects with the likes of Slapshot, Stand & Fight, Sick of it All, and Agnostic Front, are accustomed to this struggle: the hustling, thankless nights, and passion it takes to keep the music alive.
Chris Wrenn, owner and founder of the Peabody-based but internationally known Bridge Nine, has been immersed in the DIY struggle since 1995. Starting out by peddling 7” records by local bands and handmade merch, the label is now releasing music that is featured in Alternative Press and charts on Billboard.
While no label could have prepared for the events of 2020, Bridge Nine’s working mentality readied them to fight doggedly to (successfully) stay alive through a disastrous year. Speaking with the Dig, Wrenn explained how Bridge Nine navigated the pandemic as well as their plan for moving forward as a label despite setbacks that continue to arise.
During the pandemic, what did Bridge Nine do to elevate signed artists and their new releases without the ability to put on live shows?
We had several artists perform from their homes via livestreams. One in particular (punk band H2O) did a pretty nice performance from their garage and sold tickets [to the stream]. It was sponsored by Liquid Death Mountain Water and had a pretty high level of production.
Were any new releases delayed or were all projects released on-schedule?
Most were delayed. We had only one priority release come out during the pandemic—War On Women’s latest album—which was very relevant because of the 2020 Presidential Election, so we didn’t want to bump that. We were also supposed to have a very big 25th Anniversary show at the Palladium in Worcester, celebrating our history with a ton of artists that we’ve worked with over the years, and that was cancelled.
How did marketing strategies have to be altered, if at all, to fit the demands of social distancing and the pandemic?
Obviously with all shows stopping and many record stores being closed, we had to focus on our online store, which was difficult to do. I run [another] brand from the office—sullysbrand.com—and had to put as much energy into that, because that lost even more opportunities [than Bridge Nine]. With Bridge Nine, we at least had digital and streaming music revenue, which increased during the pandemic. Online sales were strong, and we had some package deals [of artist merchandise] that people were very supportive of.
What other challenges, beyond the financial impact, did you face as a label during the pandemic?
The hardest part was losing the staffing. For months, we had to have everyone work remotely, so that meant everything in the office fell on my shoulders. My girlfriend worked for her job remotely with me and was able to assist with packing orders and keeping things moving, but it meant a whole lot more juggling than usual.
As indie venues in Boston were shuttered, did you at any point fear for the toll the pandemic might take on Bridge Nine Records? If not, what resources made you feel secure in your ability to withstand the pandemic?
We received a small PPP loan, which helped cover some of our payroll. People working remotely weren’t able to do one hundred percent of their jobs [from home], but we still needed them to be paid, so that helped keep it going.
Now that live music is returning, what are the first steps you plan on taking as a label to help your artists return to normalcy as soon (and as safely) as possible?
We’re trying to be as supportive as possible, but we’ve also been struggling to keep everything moving [as a label]. During the pandemic, we were told our building, which we’ve been in for 14 years, was being sold. We have to be out by the end of this month. I’ve spent the last few months renovating a new spot in Beverly, Massachusetts, so that has been very demanding—time and money-wise. To top it all off, a key employee left after 11 years—[they] needed a change, clearly the last year had taken a toll—so I’m working with a new person part-time to help them pick up the slack.
Meg McCarney is a full-time, third year student at Lesley University studying Creative Writing and Communications. She’s interested in music journalism as a means to showcase the power of music in bridging cultural divides, addressing emotional wounds, and elevating voices and stories.


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VinFast VF 8 received the “New Star” award at the Car Awards 2022
The “New Star” prize awarded by the organizers of the Car Awards recognizes models that have made an impressive mark on the Vietnamese automobile industry, possess advanced technologies and are highly appreciated by customers.
Honored as a “new star” in one of the prestigious automotive voting and honor programs in Vietnam, VinFast VF 8 has clearly demonstrated the quality, technological content and value of the umbrella model. Vietnam’s first electric car to be exported to the world market.
VinFast VF 8 impresses experts and customers with its luxurious, high-end, dynamic and powerful design, and the interior space has a minimalist and spacious design, bringing comfort to the entire driver and passengers of the vehicle.
Like other VinFast electric vehicles, the VF 8 is equipped with many advanced technologies, providing a superior experience compared to competitors at the same price, such as the advanced ADAS driver assistance system and dozens of smart features that excel in the Smart Services package.
A representative of the Vietnamese automobile company said that on November 25, 2022, 999 VinFast VF 8 cars boarded the train to leave for the United States, marking a historic moment for the Vietnamese automobile industry. After exactly 26 days, 999 VF 8 cars arrived at the Port of Benicia, California on December 21, 2022.
VinFast has also received EPA COC certifications to import and operate vehicles in the United States; CARB EO to deliver vehicles to customers in California and CARB states (including 14 other states and Washington DC). VF 8 has also passed FMVSS testing in accordance with NHTSA regulations. To master the global production platform, Vietnamese-branded cars are expected to be manufactured directly in the United States from 2024.
On behalf of VinFast to receive the award, Mr. Hoang Chi Trung – General Manager of VinFast Trading Vietnam shared, “It is an honor for VinFast in particular and for the Vietnamese automotive industry in general. Only 10 months after the launch , the first VF 8 cars have already been delivered to customers.Currently, the first export VF 8 cars have arrived in US ports and will soon be rolling nationwide.This confirms the company’s ability.Car brands Vietnamese on the world map of electric vehicles”.
Sharing VinFast’s journey on the road to conquering the international market, Mr. Hoang Chi Trung – as a speaker at the Car Awards 2022 – introduced VinFast’s strategy, objectives and plans when marketing Vietnamese products in the world.
He pointed out that since the creation of VinFast, the leaders of Vingroup have determined a strategy to compete with the world’s leading brands of electric vehicles. VinFast aims to sell one million electric vehicles worldwide in the next 5-6 years.
“So far, the goal of bringing Vietnam’s aspiration to conquer the international market is gradually being realized. With high-end products, reasonable prices, flexible sales policies, differentiated and dedicated services, VinFast always believes in the opportunity to succeed in major markets around the world,” Mr. Trung said.
According to Trung, with its achievements, VinFast hopes to inspire “Breaking All Limits” so that more and more Vietnamese companies can assert their prestige, product quality and boldly step out into the world. It also helps to bring Vietnam to a new national brand level.


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Phytopharm's good news for dogs
Canine eczema sufferers will be cheered by an announcement today from British pharmaceutical group Phytopharm that it had seen a 'very encouraging result' from a new treatment. Its plant-based drug, dubbed 'P7', to treat 'perennial canine eczema' saw 38% of dogs improve their condition against only 13% of those on a placebo during trials at the University of Minnesota.
Dogs were watched for changes in their skin colour, severity of scratching and their owners' assessment of their response.
Cambridge-based Phytopharm said around 15% of the canine population suffered from eczema, and there were around 100 million dogs in the US with similar numbers in Europe and Japan. Dr Richard Dixey, chief executive said: 'This is a very encouraging result which supports the use of P7 for the treatment of this canine disease.
'Discussions are in progress with a number of potential licensees concerning the next steps in the commercialisation of this exciting product.'
Professor Sheila Torres, dermatology specialist at the University of Minnesota, added canine eczema was a 'common and clinically significant problem'.
She added: 'The only highly effective treatments currently available are associated with a lot of unwanted side effects. This important study indicates that Phytopharm's product P7 shows great potential for the management of this condition.'
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