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Gold Price: On the Multi Commodity Exchange (MCX), the price of gold has reached a low of about Rs 4000 from its recent high. On Friday, the price of gold on MCX closed at ₹ 51,475, which is 0.33 percent lower than Thursday’s closing price. Earlier, the high level price of gold was Rs 55,558 per 10 grams.
According to commodity market experts, the recent increase in the US Fed interest rate by 25 bps and an attempt to accelerate interest rates has been done to reduce inflationary pressure. This is affecting the cost of Sony.
Also read- Good news for WhatsApp business users, orders will be easy to manage
change will happen soon
Experts said that the ongoing economic sanctions on Russia will increase supply chain constraints and increase inflation. Hence, gold buyers are advised to maintain ‘buy on dips’ as MCX gold price remains above ₹48,800 level today. He said that gold prices can see pressure in a short time, but its effect will be positive in the medium to long term.
Gold price fell by 397 last week
There has been a fall in the weekly prices of gold and silver in the Indian bullion market. In this trading week, the price of 24 carat gold has fallen by Rs 397. At the same time, the price of silver has fallen by Rs 409. At the beginning of this business week (March 14 to 17), the rate of 24-carat gold was 51,961, which has come down to Rs 51,564 per 10 grams by Thursday. At the same time, the price of silver of 999 purity has come down from Rs 68,414 to Rs 68,005 per kg.
Also read- Only saving is the real partner, your savings will come in handy in trouble
How much gold rate changed in last one week
March 18, 2022 – Market Holiday
March 17, 2022- Rs 51,564 per 10 grams
March 16, 2022- Rs 51,345 per 10 grams
March 15, 2022- Rs 51,521 per 10 grams
March 14, 2022- Rs 51,961 per 10 grams
Gold imports rose to $45 billion in the first 11 months of the current financial year
Let us tell you that the country’s gold import has increased by 73 percent to $ 45.1 billion in the first 11 months (April-February) of the current financial year. Gold imports have increased due to high demand. With this, gold imports stood at $ 26.11 billion in the same period of the previous financial year.
Tags: business news, Gold price, Multi Commodity Exchange, silver price
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text: SANDUSKY — An anchor of business in downtown Sandusky could go up for auction. The Sandusky Feed and Supply Co. LLC, 301 E. Market St., might be sold at auction to satisfy creditors. The Sandusky City Commission this week received a report on the business, which has an outstanding loan from the city’s revolving loan fund. The store sold paint, hardware and supplies for gardens and yards. Starting about 2005, the business used loans of $140,000 from Croghan Colonial Bank, $112,000 from the Small Business Administration and $50,000 from the city so owners Robert Pietschman and Michael Hummel could take over the store, according to documents provided by the bank and city. However, the store, which also is known as Gallagher’s for its former owners, had fallen on hard times and as of October had shut its doors, according to the bank and city. The store still owes at least $267,000 on the loans, according to city records. “They were down there when I was in high school, so that’s a long time ago,” said Don Icsman, city law director and acting city manager. “It’s always sad when these things happen, but it’s everywhere.” Pietschman requested permission from the creditors to hire an auctioneer to sell the business, a move the bank agreed to, according to a letter from Marty C. Folger, vice president of commercial lending for Croghan Colonial Bank. All the lenders would have to agree to an auction, according to the bank. The city’s revolving loan fund committee recommended an auction, which likely would lead to more money repaid to Sandusky than if the business goes through foreclosure and sheriff’s sale, according to the committee and Greg Sherman, the city’s economic consultant. It was unclear when the City Commission might take action on the issue, but it could come as early as commission’s first regular meeting in January, Icsman said. After that an auction date could be set.

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Government of Canada announces nearly $2 million to help businesses start up, scale up and create jobs across Northern Ontario
October 15, 2020 – Bruce Mines, ON – Federal Economic Development Initiative for Northern Ontario – FedNor
Canadian farmers and agri-food producers are working hard to overcome the impacts of COVID-19 and the Government of Canada continues to have their backs during these challenging times. Through strategic investments in businesses and organizations, we are providing them with the tools and resources they need to be part of our economic recovery and emerge from it stronger and more competitive than before.
Terry Sheehan, Parliamentary Secretary to the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor, today announced nearly $2 million in FedNor investments to help Northern Ontario’s agri-food sector innovate, grow and create jobs.
As part of this investment, Penokean Hills Farms will benefit from a repayable contribution of more than $1.4 million to build and equip a state-of-the-art abattoir, meat processing plant and retail butcher shop in Bruce Mines. This new 13,000-square-foot facility will include a commercial smoker, curing section and high-volume hanging and freezing facilities. Once complete, this priority project will allow the organization to increase sales and profitability by up to 65 percent, while helping to create and maintain 15 local jobs.
The remaining $588,744 will allow Bioenterprise Corporation to create a Northern Ontario tech-hub to support the growth of agri-food businesses. Specifically, this targeted investment will ensure Northern Ontario entrepreneurs have access to sector expertise, best practices and business accelerator services that focus on technology, innovation, exports and access to capital. Once fully implemented, this strategic initiative is expected to help create or maintain more than 50 full-time jobs and provide more than 40 businesses with access to the tools and resources to start up, scale up and commercialize new products.
Today’s announcement is further proof of the Government of Canada’s commitment to Canadian farmers and agri-food businesses – helping them to not just survive, but thrive. Initiatives like these will help get Canadians back to work and ensure that our agricultural sector can play a major role in Canada’s economic recovery.


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FedEx Cross Border expands business in US & Netherlands
October 21, 2019 - United States Of America
FedEx Cross Border, a subsidiary of FedEx, has announced the expansion of its global e-commerce business to new locations in Saddle Brook, NJ, (US), Fontana, CA, (US), and Venlo (The Netherlands). FedEx, headquartered in the US, provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services.
“The expansion enables FedEx Cross Border to help more merchants reach new customers in over 200 countries and territories around the world, increasing our ability to capture more of the growing global e-commerce market. We continue to invest in the transportation and technology solutions our customers want and expect, strengthening an already robust e-commerce portfolio. By providing post-click delivery options that balance speed and costs, and pre-click technology that can be used to develop effective online marketplaces and platforms, FedEx Cross Border is enabling online merchants to flourish in this thriving industry,” Carl Asmus, president & CEO, FedEx Cross Border said in a press release by the company.
The new locations give business-to-consumer merchants convenient and cost-effective transportation solutions to access shoppers globally. The benefits include flexible delivery options, end-to-end tracking, commercial and postal import clearance options and a portfolio of final mile delivery solutions. In addition to transportation, FedEx Cross Border offers technology solutions. In the US, this technology integrates payment methods, currency conversion, information related to regulatory compliance, and payment fraud protection – among other solutions – into websites and platforms.


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Cicely K. Dyson is a news editor for The Wall Street Journal's Marketplace section. She is also a contributor to the Speakeasy blog, recapping ABC's "Scandal" and FX's "The Americans." A University of Missouri-Columbia alumna, Ms. Dyson has served as both a Dow Jones Business Reporting and Copy Editing intern. Follow this St. Louis native on Twitter, @CicelyDyson.
Pet owners love their pets and have increasingly expressed that love with their wallets. Spending continues to rise as Americans lavished $30.4 billion on their pets last year, up from $17.8 billion in 2000. See a breakdown of the spending.


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Remedy says no Alan Wake 2 news this summer, but we got some concept art
Oh, and there's an Alan Wake TV show on the way too, so that's nice.
What you need to know
- Remedy Entertainment announced Alan Wake 2 at The Game Awards 2022.
- While the studio originally wanted to share more details over the summer, that won't be happening anymore.
- Remedy Entertainment did share some new concept art for the game.
- The developers also shared that AMC has purchased the rights for an Alan Wake TV show.
There won't be any Alan Wake 2 news over the course of the summer, but we do have a couple of interesting things to take a look at right now.
Remedy Entertainment shared on Thursday that while the studio had originally intended to talk more about Alan Wake 2 over the summer period, that won't be happening anymore. This will allow the developers to focus on making the game for now. With that in mind, Remedy Entertainment did share some new concept art for the game.
"We are pushing further into the horror aspect of it, but also exploring the depth of the character," says creative director Sam Lake.
In addition to this update on the game, Lake also shared that AMC has purchase the rights to an Alan Wake TV show, though there's no other update on that front right now. AMC Networks is known for major series such as Breaking Bad and The Walking Dead. You can watch the full conversation below:
Alan Wake 2 is currently slated to launch at some point in 2023. Whenever the game arrives, it'll be available on Xbox Series X, Xbox Series S, PC, and PS5.
Catch up on the story
We aren't getting Alan Wake 2 news right now, so this is the perfect time to go back and play the original game.
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All the latest news, reviews, and guides for Windows and Xbox diehards.
Samuel Tolbert is a freelance writer covering gaming news, previews, reviews, interviews and different aspects of the gaming industry, specifically focusing on Xbox and PC gaming on Windows Central. You can find him on Twitter @SamuelTolbert.


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As we progress forward into these extremely fascinating times, the automotive industry must adapt to survive. Personal mobility isn’t exactly what it used to be and it’s becoming far more reaching than simply owning cars. Furthermore, the entire world of urban mobility and city living is changing rapidly as well. So automotive companies are investing heavily in new startups that aren’t only focused on cars. The newly launched URBAN-X by MINI is a program designed to accelerate the progress of startup companies looking to help shape the future for urban life and mobility.
So far, there are eight startup companies involved: Adiona, which optimizes the efficiency of logistics, supply chain and mobile workforce organizations through AI; Aquagenuity, which is a “Google Search” so-to-speak for water quality, helping you check your water as easily as you check the weather; Climate Robotics, which builds robots to efficiently generate biochar to sequester carbon and improve soils, starting with urban land; Mobilyze, which is a data-analytics platform that optimizes the location of electric charging stations; Resonant Link, which creates wireless charging technology for fast, zero-maintenance, and low-cost power to robots and EVs; and, lastly, Xtelligent, which is a next generation traffic signal network enabling the connected, automated, and multi-modal transportation future.
“Now more than ever, we are seeing urgent calls to improve the status quo,” said URBAN-X Managing Director, Micah Kotch. “We are excited to get to work with this impressive group of founders to help them build creative solutions for a brighter urban life.”
What’s interesting is that MINI harkens back to its beginnings to prove that the brand has always been about changing the status quo for urban mobility. “MINI began as a creative mobility solution in response to a global crisis in 1959. This same resolve shines through URBAN-X as it helps to enable a new generation of entrepreneurs solving for our cities’ most pressing challenges,” said Mike Peyton, Vice President, MINI of the Americas. “We are excited to support the companies in Cohort 08, and look forward to seeing how they develop their bold and innovative solutions.”
Peyton is right, the original Mini was designed by the brilliant Sir Alec Issigonis as the future of city driving at the time. It was a revelation and changed the way Britain saw urban personal transport. Moreover, it changed how we all saw urban transport and is one of the most important cars in history. So it makes sense for MINI to try and help pave the way for the future yet again.
The six companies will be immersed in a twenty-week accelerator program, conducted completely online, during which they will receive guidance on customer development, product development, network-building and successful go-to-market strategies, all in preparation for fundraising. Throughout the duration of the program, companies have access to URBAN-X’s expansive network of global experts, including world-class engineers and designers from the BMW Group. The program will culminate in an online Demo Day during Climate Week this September, where teams will present their solutions to an audience of investors, policymakers, customers and more.
This are very interesting and exciting times and it’s good to see both MINI and the BMW Group getting involved in more than just creating eco-friendly cars. Hopefully, some of these companies can really make a difference in the future of our automotive industry.


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China’s Huawei Technologies has revamped its research center in Singapore as the telecom equipment giant hopes to win more enterprise clients in Southeast Asia, diversifying its digital business into everything from cloud computing and smart cities to AI.
With access to its 100,000 research engineers globally, companies can consult, test, and verify Huawei’s products in actual network environments to digitize their businesses, including factories and offices. Huawei will support launching these new technologies in its clients’ regional markets.
The revamp, in which Huawei said it had invested around USD 20 million, comes as the Chinese telecom giant sharpens its focus on cloud services and digital infrastructure following a U.S. crackdown that hindered its once dominant consumer electronics business.
“Entering the new phase, [the new lab] is set to foster a sustainable and thriving ecosystem with our partners throughout the region,” Nicholas Ma, Huawei’s president of the Asia Pacific enterprise business group, said at the launch event on Friday.
Located inside Huawei’s office at the Changi Business Park in the eastern part of Singapore, the latest Asia Pacific OpenLab3.0 allows companies to trial various networks, wireless infrastructure, and cloud services without setting up their own data centers.
Originally launched in 2016, Huawei said it had upgraded the site’s backend data centers and network capabilities to cater to wider industries in the region, including public service, finance, transportation, and energy.
Globally, Huawei has 14 such industry collaboration labs, with another regional site in Thailand. Through the Singapore lab, Huawei said it has worked with over 100 partners in both private and public sectors in the region. In November, for example, Union Bank of the Philippines partnered with Huawei to launch its new smart office campus.
As part of the latest upgrade, Huawei on Friday also set up a new lab for its growing cloud computing business in the region, where clients can seek consultation and technical support remotely, even from overseas.
“We will be equipping the lab with our latest connectivity technologies,” said Foo Fang Yong, CEO of Huawei International. Businesses can test Huawei’s high-speed 5G communications, as well as its next-generation Wi-Fi 7 network, which the company touts as the world’s first technology of its kind.
Huawei entered the city-state in 2001, its first market in Southeast Asia. Since then, the company has been rapidly expanding its footprint in the region, expanding its share in cloud computing and data center businesses in Thailand and most recently in Indonesia last year.


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A software update that fixes a driver issue for Apple’s Macs and Linux versions of the driver has now been pushed out to users who have already installed the software update.
The update addresses a bug that has been causing laptops to hang for a few days in certain situations.
The problem is that some devices with Macs or Linux computers do not properly recognize the MacBook Pro’s Intel Core i5 or i7 processor when connecting to a Wi-Fi network.
In addition, some older MacBook Pro laptops don’t work properly when connected to wireless networks.
The fixes are designed to address the issue, according to a post on Apple’s support site, and the update is available for all Macs running macOS Sierra 10.13.4 and 10.12.1.
The update is also available for Macs using Intel’s i5 and i7 processors, and Macs with the Broadwell and Broadwell-U processors.
Apple says the fixes should help solve the issue for Mac users who haven’t installed the update already.
Apple recommends the software upgrade.
For those who have been experiencing problems connecting to Wi-FI networks on Macs that are not Macbook Pro laptops, Apple says users should try rebooting the Mac, restarting the computer, and then installing the driver update.


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Bakery-cafe chain Au Bon Pain has joined a number of restaurants that are offering cupcakes on winter menus.
The Boston-based company began offering cupcakes in three flavors — French vanilla, double chocolate and red velvet — last week across its 220-unit chain. The cupcakes are priced at $2.99, or two for $5, in most markets.
The new offering was announced Friday on Facebook and Twitter.
Ed Frechette, Au Bon Pain’s senior vice president for marketing, said Monday that based on early sales the company is considering making the cupcakes a permanent addition to the menu.
“Red velvet is the best selling by far,” he added.
Given the popularity of cupcake-centric concepts like Sprinkles and Crumbs, a growing number of independents and chains are offering cupcakes. For example, Red Robin Gourmet Burgers is offering holiday cupcakes in So Very Vanilla, ChocoLOT and Freckled Lemonade flavors, priced at $1.99 individually or three for $5.29.
Contact Ron Ruggless at [email protected].


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An increasing number of small business owners will complete their tax returns themselves this year, according to research undertaken by cloud accounting provider MYOB.
The company’s June SME Snapshot revealed that 41% of owners plan to complete their own returns, up from 41% last year. John Moss, MYOB’s chief strategy officer told Dynamic Business that the increase has been driven by technological advancements in cloud accounting software, which make it easier for owners to complete their own tax returns.
Of the findings, two came as ‘no surprise’ to Moss – 37% of owners have forfeited weekends to meet their tax obligations, while 44 said the EPFY process had significantly impacted their work/life balance.
“We know that Australian small businesses are already a time-poor group, and we also know that small business owners feel the compliance burden of GST and EOFY tax reporting,” he said.
“At this time of year small businesses struggle to balance their time in the business with their additional compliance obligations, and the result is having to work late into the night and at the weekends.”
Moss said there were a few key things small business owners could do to speed up the tax-time process and regain their time:
- “Always forward plan for EOFY tax-time to alleviate time pressures associated with this heavy administration task
- Use up-to-date online technology with automated data feeds to help you keep accurate and complete records
- Connect with your accountant to help with your tax time strategy and to ensure you are claiming correctly. This will ensure you are able to process your tax claims faster”.
Although 41% of respondents told MYOB they wouldn’t be using the $20,000 instant asset tax write-off, and a further 16% were unsure if they would, Moss said the overall response to the measure has been positive.
“Given that it has only been in effect for two years, 43% uptake is a great result,” he said. “The $20K write-off is something small business owners have found extremely helpful. There could be a number of reasons for the 41 per cent who aren’t planning to use it, but if the measure is extended again, some of those businesses may change their mind in the future.”


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Well, you gotta admit that you never saw that coming. After Vostok Games’ harsh comments about West Games and its Areal Kickstarter campaign, everyone thought that this whole thing was a hoax. Apparently that’s far from the truth though as Alexey Sytyanov – STALKER and Survarium Lead Game Designer – has just joined West Games.
Alexey Sytyanov has been in the industry since 2001, was the lead game designer of Survarium, and has developed concepts for STALKER 2 until that project was closed for inexplicable reasons.
Alexey confirmed that West Games’ team has worked in the STALKER series, and shared some new details about the game.
Areal – according to Alexey – is the closest thing to STALKER, and is described as a mix between DayZ and Metroid Prime.
West Games will show footage from Areal – in the next couple of days – and will talk about some new game features.
Enjoy and stay tuned for more!


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Home Tags Cycling
MARRICKVILLE: Cyclists can be reassured that Marrickville Council is back on track to complete a new regional bike route through Newtown, Camperdown and Enmore. In a Council meeting on June 26, the Greens urged their fellow council members to honour the Marrickville Bike Strategy 2007–2016.
100 of Sydney’s most dedicated cycling fans rallied together on June 20 at Sydney’s Centennial Park to celebrate their love of cycling ahead of the 100th Tour de France. Geared up in the official 100th edition jerseys designed by iconic French sports and fashion brand, le coq sportif, cycling fever was high amongst the keen enthusiasts.


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Archive: Premier Foods
Opinion Former Articles
Premier Foods, one of Britain's largest food manufacturers and producer of some of Britain’s best loved brands, today confirms that it will extend its 2014/15 commitment to double the intake of apprentices, for a further two years.
St Albans-based Andy Walker was named 'Food and Drink Scientist of the Year' and Alice Cavanagh, a Moreton-based operative, was named 'Community Champion' at last night's prestigious Food and Drink Federation (FDF) Awards.
A group of students got an exclusive insight into what it's like to be an engineer working in the food and drink industry - the UK's largest manufacturing sector.
Premier Foods today opened a new engineering training centre for apprentices at its Mr Kipling bakery in Fish Dam Lane, Barnsley.


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Apple’s iTunes U service, a resource for teachers to create and manage educational content for students on iPad, is today receiving a big update that brings a long list of highly requested features. Starting today, teachers and students using the platform will get access to new additions including 1-to-1 discussions, homework hand-in & grade book features, PDF annotations, and more. expand full story
classrooms Stories June 25, 2015
classrooms Stories October 27, 2014
The White House shared earlier this year that Apple is a participant in President Obama’s ConnectED education program focused on bringing Internet access and technology to schools in need, and today Apple has provided a micro site profiling its effort in the program.
While it was already known that Apple has pledged $100 million to provide iPads, MacBooks, and other products toward the program for schools across the United States, Apple has shared that Apple ConnectED grants are being received by a total of 114 different schools across the country with these schools spread out across 29 states. Apple added that “92% of students from our partner schools are of Hispanic, Black, Native American, Alaskan Native, or Asian heritage.” expand full story


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Motorcycle maker Harley-Davidson said on Thursday it will build a plant in Thailand to serve the growing Southeast Asian market.
All eyes are on OPEC ahead of a highly-anticipated meeting later in the day, but the big downside risk comes from China, an analyst said.
Singapore's first quarter GDP rose 2.7 percent as expected year-on-year, the Ministry of Industry and Trade said on Thursday, affirming the full-year forecast of 1.0 percent to 3.0 percent.
A U.S. Navy destroyer was traveling close to Mischief Reef in the Spratly Islands in a move likely to anger China.
Iraq's Jabbar al-Luaibi and Iran's Bijan Zanganeh expressed support for a nine-month extension to OPEC-led production cuts.
Seven people were charged on Wednesday with conspiring to steal trade secrets from a Houston-based business.
President Donald Trump previously asked for a probe into the impact of foreign-made steel imports on U.S. national security.
The American electorate chose an inept president. Of course Washington looks less like Washington, writes Kevin Williamson.
Trump's globalist business approach runs counter to his nationalistic agenda, N.Y. Times reports.
Democrats' ranting about the Trump Russia scandal won't win back disillusioned voters, says Michael Tracey.
Moves to downgrade China's credit rating do not indicate imminent trouble for the world's second-largest economy but instead point to the country's "worrisome" long-term direction of travel, global economic analysts have said.
Market watchers are keeping a keen eye on Vienna this week as the Organization of the Petroleum Exporting Countries meet.
Chinese automaker Geely will be taking a 49.9 percent stake in Malaysia's iconic, home-grown, but long-struggling carmaker Proton.
China has rejected a move by Moody's to lower its credit rating, saying the downgrade exaggerates the difficulties facing the economy and underestimates the government's reform agenda.
China is hosting a hotly anticipated tournament of Go – a complex, ancient Chinese board game – against a powerful Google computer program, but nobody inside the country can watch the games.
Once known as the next frontier for tech investments, India has seen many of its top start-ups seem to be going through a bit of a rough patch lately.
Get ready for cheap oil and self-driving cars sooner than you may think, CNBC's Oriel Morrison reports.
Moody’s has downgraded China rating to A1 from Aa3, with a stable outlook.
Jeffrey Gundlach, CEO of DoubleLine Capital, said there could be a connection between bitcoin prices and the decline in China stocks.
Herbalife shares fell more than 5 percent Tuesday amid new questions about the company's China business.


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Stolen bike worth €12,000 found in second-hand store for €120
A bicycle worth €12,000 stolen from a team competing in an international cycling race was found for sell in a second-hand store for €120.
Spanish police recovered the bike when they were inspecting the shop for suspected stolen goods.
The bicycle was taken a few hours before from the camp of Orica Greenedge – an Australian team taking part in the Vuelta a Espana race (Tour of Spain).
Noticing that the bike was in “exceptional condition”, the police queried its unusual low price – on sale for €120, 1/110th its actual value – and was told it was sold to the store by a Malaga resident “with a long police record”.
The bike has since been returned to its original rider, police said.
In a statement (in Spanish), they added that they were going to offer a “jersey with stripes” to the person who stole the Orica Greenedge bike.
"His race ends in jail,” the police said on their official Twitter account.
The Vuelta arrived in Malaga on 24 August, on the third stage of the three-week race.
It finishes in Spain's capital Madrid on Sunday.


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Two late claims could affect the crypto business, with the suing parties focusing on Facebook proprietor Meta and major crypto trade Coinbase, separately, for their supposed reluctance to find more unequivocal ways to battle crypto-related trick commercials and participating in unlicensed protections deals.
The Australian Competition and Consumer Commission (ACCC) has documented a government court protest against Meta Platforms, Inc. what’s more, Meta Platforms Ireland Limited, charging that they take an interest in bogus, misrepresentative, or misdirecting activities by permitting the distribution of trick crypto-related notices featuring unmistakable Australian celebrities on the virtual entertainment stage that they work.
As per the ACCC, the Facebook advertisements, which advanced interests in digital currency or lucrative plans, were probably going to misdirect the stage’s customers into thinking the techniques were partnered with very well Australians like business visionary Dick Smith, TV moderator David Koch, and previous New South Wales Premier Mike Baird. As per reports, individuals highlighted in the notices never supported or embraced them.
Lawsuit Against Meta
The second lawful case, a legal claim documented against Coinbase, blames the trade for offering protections to its clients notwithstanding not having a permit to do as such.
Thus, the three offended parties, who are occupants of the United States, explicitly California, New Jersey, and Florida, look for USD 5 million for their own sake, yet additionally for any remaining clients who bought Dogecoin (DOGE) and 78 different coins through Coinbase.
As indicated by court reports on the claim’s true site, the offended parties accept Coinbase neglected to uncover that the sold tokens are protections.
The claim was recorded in the United States District Court for the Southern District of New York. As indicated by Rod Sims, it is a basic piece of Meta’s business to empower sponsors to target clients who are probably going to tap on a connection in an advertisement and visit the promotion’s point of arrival utilizing Facebook calculations. Those visits to greeting pages from advertisements produce significant income for Facebook.


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PORTSMOUTH, N.H. -- Vette Corp, a global provider of data center thermal management platforms, announced that it has been awarded $50,000 in funding through the Commercialization Assistance Program (CAP) by the Syracuse Center of Excellence (CoE).
According to a press release, Vette Corp won the competitive peer review process with its proposal to commercialize a new liquid cooled high density thermal solution for data centers. The product is planned for commercialization in late 2010 and is based on patent-pending technology from Vette Corp.
As of December 2009, five prototype units have been designed, manufactured, installed and commissioned by Vette Corp at Syracuse University’s Green Data Center in Syracuse, New York. The award will provide Vette Corp with funding to commercialize the new product, conduct market validation and ready it for sale.
“As a New York State manufacturing, engineering, research and development company, Vette Corp is honored to be selected by the Syracuse Center of Excellence for this product commercialization grant,” said George Dannecker, chief executive officer of Vette Corp. “This funding is important to the development of high efficiency data center liquid cooling solutions, the creation of new jobs within the state of New York and further highlights Vette Corp’s ongoing commitment to the Syracuse University Green Data Center.
In announcing the award, Lisa B. Cleckner, Ph.D., MBA, Assistant Director of Operations for QA and Research at the Syracuse CoE commented, “The review process was very competitive for CAP V. We received a large number of high quality applications. So, congratulations on this achievement.”
The product prototype design is based upon LiquiCool data center system cooling technology by Coolcentric, a division of Vette Corp. The prototype neutralizes up to 40 kW of heat generated by IT equipment mounted with an IBM NetBay Enterprise rack. Heat is rejected from the data center using a non-condensing secondary return water loop. The cooling unit has no electrical connections of any kind and includes a unique thermal monitoring and safety mechanism which also does not require power for operation.
By eliminating the use of active fans within the cooling unit, bringing the cooling coil closer to the heat load, and using water for heat rejection instead of air, the product is projected to be two to three times more efficient than next-in-class solutions and up to 10 times more efficient than legacy air-cooling solutions.
Vette Corp’s products are manufactured in Ontario, New York. The company notes that commercializing the new product could create up to 30 new jobs in New York state, including 20 permanent jobs in manufacturing and 10 permanent jobs in engineering, accounting, finance, purchasing, quality, service and logistics.
More info: www.vettecorp.com or contact Vette at +1.508.203.4690.


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The U.S. Department of Justice defended the National Security Agency's massive phone records collection program after a U.S. District Court judge ruled Monday that the program is likely to violate the U.S. Constitution.
A pension investment group has sued IBM, claiming that the company failed to warn investors that sales in China would slow dramatically following revelations that IBM was helping the U.S. National Security Agency spy on the Chinese.
JDA has been hit with a lawsuit from online lingerie and underwear seller Andra Group, which claims its business suffered millions in damages after a new e-commerce system wasn't delivered as promised.
The wisdom of Abraham Lincoln, the 16th president of the U.S., made a perhaps long-overdue appearance in the high-stakes patent infringement battle between Apple and Samsung.
Apple has incurred legal costs of over US$60 million in its court battle against Samsung in California, and the bill is still rising.
Oracle's copyright case against Google's Android OS appeared to gain new life this week after a federal appeals court judge poked holes in Google's defense.
The U.S. Army will pay Apptricity, a supply chain and financial software developer, US$50 million to settle a copyright infringement claim that it used but didn't pay for thousands of copies of logistics management software.
A legal war between EMC and flash startup Pure Storage has escalated to charges of patent infringement and illegally obtaining a storage array to mine it for intellectual property.
A judge has ruled that Hewlett-Packard and its CEO, Meg Whitman, must mount a defense against a shareholder class action lawsuit claiming that Whitman and HP made misleading statements about the acquisition of Autonomy.
The U.S Federal Bureau of Investigation should make public a legal opinion it used to justify a past telephone records surveillance program because other agencies may still be relying on the document for surveillance justifications, the Electronic Fr...
Nokia has asked a court in Delhi to revoke a freeze on its factory in India over a tax dispute, ahead of the proposed acquisition by Microsoft of its handset business.
The owners of an Atlanta company have agreed to settle U.S. Federal Trade Commission charges that they crammed US$10 million worth of charges onto mobile phone users' bills without their permission.
A New York-based online gaming company has settled a civil complaint that it secretly installed bitcoin-mining code on its subscribers' computers, netting more than US$3,700 worth of virtual currency.
A U.S. judge has shut down an online business listing operation that allegedly bilked more than US$14 million from U.S. small businesses and churches.
Google has reached a US$17 million settlement with 37 U.S. states and the District of Columbia over its unauthorized placement of cookies on devices running Apple's Safari browser, New York Attorney General Eric Schneiderman said Monday.
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G20 summit highlights Bali tourism revival
NUSA DUA, Indonesia (AP) — Bali wants the world to know he’s back.
Dozens of world leaders and other dignitaries are heading to the Indonesian island for the G-20 summit, drawing attention to the revival of the tropical destination’s vital tourism sector.
Tourism is the main source of income for this idyllic “Island of the Gods”, renowned for its tropical beaches, rice terraces, mystical temples and colorful spiritual offerings.
The pandemic has hit Bali harder than most places in Indonesia.
Before the pandemic, 6.2 million foreigners arrived in Bali every year. Its bustling tourist scene — fueled by partiers, laid-back surfers and seekers of spiritual bliss — faded after Indonesia’s first case of COVID-19 was discovered in March 2020. Restaurants and resorts closed and many workers returned to their villages to try to get by.
Foreign tourist arrivals fell to just 1 million in 2020, mostly in the first few months of the year, then to a few dozen in 2021, according to government data. More than 92,000 people employed in tourism have lost their jobs and Bali’s average hotel occupancy rate has fallen below 20%.
The island’s economy contracted by 9.3% in 2020 compared to the previous year and shrank further in 2021.
“The coronavirus outbreak has hammered the local economy horribly,” said Dewa Made Indra, regional secretary for Bali province. “Bali is the region with the most severe economic contraction.”
The island is home to over 4 million people, mostly Hindus in the predominantly Muslim archipelago.
After closing to all visitors at the start of the pandemic, Bali reopened to Indonesians from other parts of the country in mid-2020. It helped, but a surge of cases in July 2021 once again emptied the island’s normally busy beaches and streets. Authorities have restricted public activities, closed the airport and closed all shops, bars, restaurants, tourist attractions and many other places on the island.
Monkeys deprived of their favorite food source – bananas, peanuts and other treats offered to them by tourists – have taken to raiding villagers’ homes in search of something tasty.
The island reopened to domestic travelers a month later, in August, but in 2021 only 51 foreign tourists visited.
Things are much better now. Shops and restaurants in places like Nusa Dua, a resort town where the G-20 meeting is being held, and other towns like Sanur and Kuta have reopened, though business is slow and many businesses and hotels are still closed or have reduced their operations. .
The reopening of Bali airport to international flights and now the thousands of people coming for the G-20 summit and other related events have raised hopes for a stronger turnaround, Dewa said.
More than 1.5 million foreign tourists and 3.1 million domestic travelers had visited Bali by October this year.
Embracing a push towards more sustainable tourism models, Bali has rolled out a digital nomad visa program, dubbed the “Secondary Residence Visa,” which is due to come into effect in December. It is also among 20 destinations Airbnb recently announced its remote working partnership with, including locations in the Caribbean and Canary Islands.
Recovery will likely take time, even if COVID-19 is kept at bay.
Gede Wirata, who had to lay off most of the 4,000 people working at his hotels, restaurants, clubs and a cruise ship during the worst of the pandemic, found that when it came time to rehire them, many found jobs at abroad or on other trips. companies.
The G-20 is a welcome boost. “It’s an opportunity for us to come out of the collapse,” he said.
There is a long way to go.
“The situation is not yet completely restored, but regardless, life must go on,” said Wayan Willy, who runs a tourist agency in Bali with friends. Before the pandemic, most of their customers came from abroad. Now it’s mostly domestic tourists. But even these are few and far between.
Bali has suffered a lot in the past. At times the island’s majestic volcanoes rumbled to life, sometimes erupting or spouting ash.
The dark cloud of suicide bombings in the Bali resort town of Kuta that killed 202 mostly foreign tourists in 2002 has lingered for years, devastating tourism on the island, generally known for its peace and its tranquility.
Recent torrential rains have led to flooding and landslides in some areas, increasing the burden on communities struggling to rebuild their tourism businesses.
When the situation started to improve, Yuliani Djajanegara, who runs a business making traditional beauty products like massage oils, natural soaps and aromatherapy products under the Bali Tangi brand, got back to work. .
It had closed its factory in 2020 when orders for hotels, spas and salons in the United States, Europe, Russia and the Maldives dried up, pushing orders for its products over 1,000 kilograms (1 ton) to next to nothing.
So far, Djajanegara has rehired 15 of the 60 workers she was forced to lay off during the dark days of the pandemic.
She is hopeful, but cautious.
“Tourism in Bali is like a sandcastle,” Djajanegara said. “It’s beautiful, but it can be washed away by the waves.”
AP Business Writer Elaine Kurtenbach contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Apple shares fell more than 5% as investors worried that its latest iPhone models may not help it increase its share in emerging markets.
Apple launched two models on Tuesday, the iPhone 5S and a cheaper iPhone 5C.
But the basic 5C model, with 16 gigabytes of storage, has been priced at $740, which analysts said was still expensive for emerging markets.
Apple has found it tough to boost its share those markets against competition from firms such as Samsung and Huawei.
“Investors were put off that Apple’s price point didn’t go low enough to attract a new market,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
“It doesn’t have the same range in price that Apple’s competitors have,” he added.
Apple shares closed at $467.7 on Wednesday, down by 5.4%.
The company has enjoyed tremendous success in developed markets with its iPhone models.
However, Apple has not been able to repeat that in emerging economies such as China and India, not least because its products are relatively more expensive.
One of the key reasons has been that unlike the developed markets, many mobile carriers do not subsidize phones in these countries.
That makes low-cost phones a much more affordable option for consumers. Many had hoped that Apple would launch a low-end phone to try to lure those buyers.
“The pricing on the iPhone 5C is simply not low enough to adequately address the significant global growth opportunity that we believe exists with unsubsidized prepaid customers that have not yet bought a smartphone,” said Walter Piecyk, an analyst with BTIG Research.
“We believe Apple is foregoing a valuable and relatively easy way to return to earnings growth.
“The real question is whether Apple plans to ever go after these markets or rather just remain a high-end phone maker.”
Investors had also been hoping for an announcement of a deal with China Mobile, the world’s biggest phone company with nearly 700 million subscribers – who could be potential customers of Apple’s phones.
Analysts said that the lack of any announcement also hurt investor sentiment.


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With furry friends at the heart of the city of Toowoomba, the residents are quick to adopt animals from the local RSPCA Animal Care Centre; the centre proudly finds new families for more than 1400 animals a year. However, with the opening of the Toowoomba RSPCA Op Shop, there will soon be more than one way for people to help animals in need.
With a focus on sustainable style and loving the preloved, whether that be a vintage treasure or a nifty thrift find, RSPCA Op Shops operate by selling donated items to the public. Each store is run by a team of volunteers and all profits are generated to the RSPCA’s animal welfare efforts. Currently, RSPCA’s operating Op Shops in Queensland contribute to 20 per cent of their annual income. The community-based charity is one of the largest animal welfare operations in the country and works to prevent cruelty to animals by actively promoting their care and protection.
Toowoomba locals are keen to start supporting the new store. “We are really excited to get more involved in protecting our beloved animals, whether that is by donating, buying or rescuing,” one Toowoomba resident said. The Toowoomba RSPCA Op Shop, located next to the long-standing Animal Care Centre, will officially open its doors at 10am on Thursday 24 January. Grand opening celebrations will begin at 3.30pm with fur-riendly felines available for adoption and special guest appearances.
The Toowoomba store will be the fifteenth RSPCA Op Shop to open in Queensland with the hope of more to come.
Readers also enjoyed this story about top Aussie town Warwick.


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Day: June 24, 2017
in the field of entrepreneurship, cultural and creative industries is an important branch. Compared with foreign countries, China’s culture industry is still in a relatively backward stage. China urgently needs to learn from the exchange, to promote the development of local cultural industry.
by South Korea smba Entrepreneurship Development Institute and other institutions selected and invited the first batch of 5 South Korean entrepreneurial team recently come to Tianjin for the project landing, and in 15 in the new Tianjin eco city National Animation Park held a wonderful roadshow. 5 business units 5 venture team were associated with the cultural and creative industries, covering music platform, South Korea experience real games, overseas tourism guide, script creation and cartoon network, NFC technology application in many industries. read more
do wine agency business, choose high popularity brand will be more favorable. Luzhou Lao Jiao Royal Wine Cellar franchise headquarters to provide wealth good opportunity, so that franchisees can use brand products quickly to the road to riches, if you have confidence in the project, then quickly to contact us.
now with the continuous improvement of women’s consumption capacity, the jewelry industry every year with a rapid pace of development. Look at the streets of clothing stores, beauty salons and so dazzling, most of them are for women. A few million yuan to open a jewelry store, huadianxinsi think nowadays women what is the most popular decorative elements, seize the woman at the woman’s purse, this business can be booming.
mentioned investment shop, Ms. Wang said that in addition to pay attention to women what is the most popular, is also the key to choose the shop. Must be a woman often go to the place, if the woman shopping time convenient place to do. read more
entrepreneurship has been a hot topic, is also the focus of management work, for students, the National People’s Congress Zheng Qiang said in an interview with reporters, success can not rely on speculation, students start to "three".
on the entrepreneurship of college students, the National People’s Congress, Guizhou University President Zheng Qiang yesterday in an interview with reporters that Chinese network, now exist blind phenomenon, some students think that as long as the bolder what can. He said he did not agree with the lower grades of students did not read, I feel the boss, the university to the capital, ability, part. Zheng Qiang said he did not agree with the lower grades of the students have not yet begun to read, I think the boss should be the idea. read more
whether you are what kind of business, ultimately want to be still high interest, so in the process of operation, know some skills, car beauty shop is the same reason, so the next Xiaobian give you details about some business tips, car beauty shop!
automotive beauty shop business skills 1:
starting from the subtle, perfect no matter the service item, from each link of contact with customers will reflect a car beauty chain service level, so that operators will be the car beauty chain store every detail on the service process, as much as possible to reach or exceed customer expectations. Car beauty chain of the entire body of employees should also start from the subtle, in the service into the family and friendship, develop good service habits. read more


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Plugin Boutique has launched a sale on the KLANG Instrument Bundle, a collection of 32 unique Kontakt instruments. KLANG is a series of virtual instruments made by a Cologne-based team of musicians, composers and sound designers. These instruments cover a wide range of approaches, including previously unpublished instruments, unusual sound experiments and random products while […]
The post Klang Instrument Bundle: Unique Kontakt instruments on sale at 40% OFF appeared first on rekkerd.org.
This is a syndicated post. To read more, click the source link above.


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New Delhi: Skoda Auto on Monday said it has launched special edition variants of SUV Kodiaq and premium sedan Superb. The petrol powered Superb (DSG) Corporate Edition is priced at Rs 25.99 lakh, while the diesel one is tagged at Rs 28.49 lakh.
Similarly, diesel powered Kodiaq Corporate Edition is priced at Rs 32.99 lakh (all prices ex-showroom). "We are confident that with the introduction, we will be expanding our reach and attracting new potential buyers to our showrooms," Skoda Auto India Director - Sales, Service and Marketing Zac Hollis said in a statement.
The new model trims come with various features such as anti-lock braking system (ABS), electronic break-force distribution (EBD), hydraulic brake assistant (HBA), anti slip regulation (ASR), electronic stability control (ESC), among others.


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Department store operator J.C. Penney Co. is buying a minority stake in Martha Stewart Living Omnimedia Inc. for $38.5 million and teaming with the media and merchandising company on a store-within-a-store and joint web site.
J.C. Penney says it will buy 11 million Martha Stewart Living shares at $3.50 per share, giving it a 16.6 percent interest in the New York company.
As part of a 10-year deal, the companies will create Martha Stewart retail stores within most J.C. Penney locations starting in February 2013.
The joint web site is also expected to launch in 2013.
Martha Stewart Living is expected to receive more than $200 million from the 10-year deal. Its stock is up 28 percent to $4 in premarket trading.
More breaking news
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- Fed weighing key issues but revealing little
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- FAA proposes $12M fine for Southwest Airlines
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- Study: 35 percent in US facing debt collectors


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By Porter Anderson, Editor-in-Chief | @Porter_Anderson
Books for Adults in the LeadWhile numbers supposedly don’t lie, they can be read several ways and an interesting note of caution has been raised in association with the Association of American Publishers‘ (AAP) newly released US “StatShot” book sales figures for the first half of 2017.
On the face of it, the news is good. What’s being compared here are sales figures for the first six months of 2017 against the numbers for the same six months of 2016.
The top-line announcement, quoting the association’s material for the press: “Publishers’ revenues (sales to bookstores, wholesalers, direct-to-consumer, online retailers, etc.) were $5.72 billion—up by $195.9 million (3.5 percent) for the first half of 2017 compared to the same period in 2016.”
Books for adults were the leading sector, print being the leading format. Trade book sales overall show a 3-percent increase. The association’s CEO, Maria A. Pallante said in a prepared statement: “What a testament to the importance of the publishing industry. Whatever the category, format or distribution platform, books remain a constant in the marketplace and in our lives.”
The association also offers this useful breakdown in its media release, by categories and by formats. Of note, of course, is another statistical high-five for downloaded audio, a positive bump of 32 percent.
By Category: In the first half of 2017, compared to the first half of 2016, trade sales were $3.27 billion–up by $95.8 million (3.0 percent)
- Adult Books had $2.22 billion in sales, up $66.7 million (3.1 percent)
- Childrens/YA Books had $852.4 million in sales, up $36.8 million (4.5 percent)
- Religious Presses had $197.0 million in sales, down by $7.7 million (-3.8 percent)
By Format: In the first half of 2017 vs. 2016
- Paperback/Mass Market books had $1.27 billion in sales, down $23.6 million (-1.8 percent)
- Hardback books had $1.11 billion in sales, up $98.7 million (9.7 percent)
- eBooks had $555.7 million in sales, down $26.8 million (-4.6 percent)
- Downloaded audio had $157.7 million in sales, up $38.2 million (32.0 percent)
- Other formats (including board books, physical audio) had $181.8 million in sales, up $9.4 million (5.4 percent)
These StatShot figures come from sales that just over 1,200 publishers provide to the association.
Potential Adjustments Ahead
The potentially controversial element is raised by Michael Cader in his coverage at Publishers Lunch. While quick to say that it’s not the association’s fault, he writes that the frequent revisions of monthly book sales numbers we see in these statistics can change initially described outcomes.
Pointing out that “the numbers have improved, no matter what,” it’s the amount of change that may adjust over time.
Here’s Cader’s helpful explanation about his qualms:
“A year ago, AAP data showed net trade sales of $2.803 billion for the first half of the year, down $55.8 million (or -2 percent). That made sense, since it was in line with reports from publicly-held publishers.
“But now, a year later, the final data for the first half of 2016 has changed dramatically: Net trade sales are said to have been $2.974 billion, $171 million higher than first reported.
“By that count, last year’s sales were up $115 million at the midway point—a 4-percent gain—rather than down $56 million.
“The revised data has adult sales $44 million higher than previously reported, with children’s and YA sales a big $128 million higher.”
And because these adjustments aren’t highlighted in reports, Cader notes, they might be hard to discern.
All of which means that the news of the first six months of 2017 looks good, indeed, and we can all hope it stays that way. But considering it as provisional makes sense in case the reporting process produces any negative revisions.


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|Photo: Live Chennai|
Wednesday, August 20, 2014
India’s Q1 gold jewellery exports up 23%, even as global falls
According to a report by the World Gold Council, the demand fell due to a decreased off-take in Asia and the Middle East. However, demand picked up in the US and UK.
Industry experts also attributed the increase in exports to a decline in gold price.
Pankaj Parekh, vice-chairman, GJEPC, said, "As compared to 2013, gold prices have softened almost 13%. Also, the economies of the US and the UK are recovering, which has led to the rise in exports."
Vipul Sutariya of Dharmanandan Diamonds, a DTC sightholder company, said, "The jewellery markets in US and UK are performing well. Since the gold prices have fallen internationally, consumers are looking at gold-studded jewellery."
Aniruddha Lidbide, gems and jewellery sector analyst, said, "Some jewellery manufacturers are making minimum use of gold in studded jewellery to cut costs. Jewellery with lower gold component has become a major hit in western countries."
According to the Gems and Jewellery Export Promotion Council (GJEPC), India exported Rs 12,115 crore worth gold jewellery in the quarter, registering an increase of 23.36% compared to the same period last year.
"The decline in jewellery demand was dramatic, given such high levels of demand one year earlier. Broad weakness for gold jewelry was noted across Asia and the Middle East, while western markets recorded some improvement, except for Italy, where the fabrication sector is benefiting from improved US demand and re-stocking in other key markets," WGC said in its report.
In India, however, gold jewelry demand fell 25% to $6.4 billion. The WGC stated that an "unofficial flow of gold" into India continued during the second quarter, particularly during the first half as premiums were pushed higher. Such flow of gold will likely build momentum over the coming months as the market moves into the seasonally stronger period of Diwali and the wedding season.
Courtesy: The Times of India


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“That’s more challenging because we have a free trade agreement with Europe in terms of various chicken parts into South Africa duty free. I’m not quite sure how they plan to address that but it will be a different kind of case to the one we’ve just seen which is a more general tariff increase,” Peter Draper, a senior researcher at SAIIA, told CNBC Africa on Tuesday.
Trade and industry minister, Rob Davies has come to the rescue of South Africa’s poultry industry by significantly increasing the import tariffs on five categories of imported chickens.
“I think the minister has walked quite a fine line between balancing the consumer interests, particularly the interest of poor consumers, with a relatively small but powerful group of companies that have been suffering under very competitive conditions,” Draper explained.
The whole birds, which represent less than one per cent of imports in the past 12 months, have seen tariffs increased to 82 per cent.
“If you buy a whole bird, it’s probably going to double the price, possibly even more because Nandos is going to exacter markets on that but then again not all whole birds are imported. It will have some pricing effects for sure and those are targeted primarily at the richer consumers,” said Draper.
“If one takes the view that this is the first step in a broader initiative, then it’s good news. Basically it means a little bit more protection, I don’t think it’s a lot more protection at this stage anyway, and that means shoring up the domestic market to some extent – that means better profitability.”


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Diversity helps Rockhampton property market stay steady
ROCKHAMPTON'S diversity through a variety of different industries, including retail and health, has carried it through the mining downturn.
That's the view of Knight Frank Rockhampton region director Neale Crow, who spoke to The Morning Bulletin following the release of Herron Todd White's latest market report.
The report states the listing of the former Joyce Mayne building would be "a good test of the retail market" in the region.
But Mr Crow, who is dealing with the sale of the building, said the Joyce Mayne site wasn't an example of how the market was going. The site has 4000 sq m of floor space and 86 car parks.
Mr Crow said a land and building offering that size didn't come on the market often and was part of a "very tightly held" strip of retail site.
He said there had been interest in and offers made on the site, which was currently open to expressions of interest.
In terms of the wider region's commercial property market, Mr Crow said things had been "ticking along" with recent transactions along Quay St.
Mr Crow said while the mining downturn had affected the region, Rockhampton hadn't suffered the same fate as Gladstone and Mackay.
"I wouldn't say we're in a boom... but we're not in a bust either," he said.
The Herron Todd White report said while retail development had been "relatively quiet" over the year, the $6.6 million dining area expansion at Stockland Rockhampton would be one of the biggest projects since Allenstown Square in 2013.
The report also highlighted the evolution of the city's East St precinct, with a slow transition from office and storage space to residential units for some buildings in the area.
The report concluded this, along with Rockhampton Regional Council's planned revitalisation would change the area's profile over time.
"This will provide more opportunities in the long-term for a variety of ground-floor retail tenants," it said.
"In the immediate term however, vacancies are likely to remain high in this precinct."


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The worry has become more acute in recent times because of the gradual demise of home deliveries as some newsagents close while others find it too stressful and unprofitable to run a squad of paper boys and girls. Supermarkets are not an alternative because they refuse to deliver.
Yet home deliveries are crucially important for newspaper owners and editors, for obvious reasons. Not only do they ensure continuity of purchase among a core audience, the consistency helps to keep down the need to print huge quantities of copies in the hope of attracting casual sales.
There is another benefit too. Families who take a paper regularly and get into the habit of reading a title on a daily basis generally find it much harder to give up. Casual buyers, on the other hand, tend to cherry-pick by taking a title maybe only two or three times in the course of a week, either selecting a different paper on the other days or not bothering to read one at all. The rise in casual sales in the face of falling home deliveries has caused wide fluctuations in newspaper sales throughout the week. For example, some titles do well on Mondays and gradually lose sales in subsequent days until they pick up dramatically on Saturdays, the day on which British people now buy more papers than any other.
Three national publishers are therefore trying to solve the home-delivery conundrum by cutting out the middle man, who has traditionally dealt face to face with customers. They are, in effect, becoming their own newsagents.
The Financial Times was first out of the blocks with its premium delivery service, which began 10 years ago and was pumped up last year. It offers readers within the M25 and in the Home Counties the chance to have copies delivered to their homes every day before 7am. Though it adds a small delivery charge, this can be offset by cover-price discounts of up to 30%, based on the length of the agreement. There are other benefits too, such as deals on FT.com subscriptions.
The FT has a minority stake in the distributor, 2 The Door, which is also used by the Wall Street Journal to delivery copies of its US edition in central London at £2.50 a day.
A couple of weeks ago, The Independent decided to get in on the act by piggybacking on the FT's service to give its readers the chance to have Monday-to-Friday copies delivered at a cost of £6. Across the counter, the joint cost is £4. If you also want the Saturday edition, it will set you back £7.50 (as against the usual £5.40 total). That is a hefty charge but I am told it is in line with delivery fees in the Greater London area - and arguably a small expense for someone working in the City.
But News International, the Rupert Murdoch company that first launched a cover-price war 15 years ago, has completely undercut both papers by starting a home-delivery service entirely for free. Readers of The Times and The Sunday Times have the chance to sign up for packages of either weekday, weekend or seven days' worth of the titles. The more frequently they agree to purchase papers, the smaller their outlay. They will even be able to pay in arrears, and it could mean Sunday Times buyers saving as much as £50 a year in delivery charges.
There are advantages in knowing exactly who your readers are and how to reach them easily, providing a great marketing database for newspaper companies. But the overall economics of the News International project are breathtaking. Potentially, it could end up costing Murdoch a fortune, and The Independent cannot hope to compete at such a level.
However, it was the Indy's Irish-based owner, Independent News & Media (INM) that first went public on the need to assume responsibility for home deliveries and to form direct relationships with buyers.
INM announced last month that it would no longer allow newsagents in Northern Ireland to deliver the Belfast Telegraph because it said their service was inefficient. It was clearly a trial because its UK chief executive Ivan Fallon predicted at the time that newsagent deliveries would soon be a thing of the past throughout Britain.
"It's just not practicable in today's changed circumstances," he said.
I share the view that newsagents' days are numbered. I am aware of how inefficient they can be, although I know some very efficient ones too. I also think, naturally enough, that publishers have to plan for the future.
However, it strikes me, to borrow Fallon's phrase, that it is not practicable to organise home deliveries on a nationwide scale. The FT and the WSJ sell to a niche market of upscale consumer, so it makes sense for them.
But if a company charges a lot for its service - as The Indy is doing - it will surely prove counterproductive. Readers will walk away. On the other hand, if newspapers charge nothing - as is the case with News International - then the on-cost will be crippling. Only a deep-pocketed risk-taker like Murdoch can afford to support such an initiative. That, of course, is what this latest miniwar is really all about.
It is a further example of the way in which newspaper economics are becoming so tight that only those publishers with the biggest pockets can hope to survive.
There cannot be any doubt that, as the financial pressures mount, plurality is being squeezed.
- More about:
- News International
- Rupert Murdoch
- The Sunday Times
- The Times
- The Wall Street Journal
- Wall St. Journal


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Glatt Consulting, LL Launches App Foir iPhone And Android Smart Phones
Credit Union consulting firm Glatt Consulting, LLC has released a new app for iPhone and Droid smart phones. The app, available for free via the iTunes and Android App Stores, is designed to connect smart phone users to the company’s resources, including its blog, news feeds, and podcast library.
“We have a loyal following of our blog, and especially our podcasts,” says Glatt Consulting, LLC Executive Consultant and Owner Tom Glatt, Jr. “The Droid and iPhone apps offer subscribers yet another convenient way to access their favorite material. We also hope that the app encourages those who have never visited either our website or our spot in the iTunes podcast marketplace to take a look at what we have to offer.”
In honor of the availability of the new app, Glatt Consulting, LLC will place the first five credit unions contacting the firm via the e-mail address located in the “Contact” section of the app into a drawing for a free Enterprise Assessment. The assessment, a comprehensive survey and analysis of board, management team, and employee performance and priority opinions, is typically a part of the firm’s strategic planning process and retails for $1,400.
“We chose the Enterprise Assessment as a reward for for the first credit union to try out our new app because the app is a means for credit unions to get to know us – and the assessment is a means for credit unions to get to know themselves. It seemed like an appropriate trade.”
As for the future of the app, while the company sees multi-faceted potential it is looking to future users for feedback on direction.
“We will see how the growth of the app goes over the next few months, and what type of feedback we receive from users, but I can envision the app evolving into something of a pocket consultant for users,” says Glatt. “The app infrastructure allows us the capability to add video, direct feeds from social media networks in which we participate, and other dynamic functions. The app could become a go-to resource for supporting management decision making. We are really only limited by the scope and scale of demand for Glatt Consulting content.”
For iPhone users, the app can be found by searching GCLLC in the App Store either through iTunes on a computer or via the iPhone itself. For Android-based phones, the app can be found by searching GCLLC in the Android Market accessible via an Android handset.
About Glatt Consulting, LLC
Glatt Consulting, LLC is a strategic consulting firm specializing in service to credit unions nationwide. Consulting programs range from strategic planning support to product development, and are designed to improve clients’ financial performance and competitive standing.


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Facebook unveils a new look for its News Feed, with a design it says is more consistent between computers and mobile devices. Click through to see what's new.
Facebook's new design is rolling out for both computers and mobile devices. Click through to find out what's changed.
Facebook's new look is similar on PCs, smartphones, and tablets. The company says it wants everything to be consistent, so users don't feel lost, or wind up with missing features when jumping from platform to platform.
That big photo you shared used to look small on the News Feed. Facebook's changed that. Photos are now considerably larger, and associated options, such as liking and sharing, are gathered together in one module.
As part of the change, Facebook is enlarging things you see on the feed, so they're easier to spot. This includes videos, which get larger thumbnail player windows, as well as bigger photo icons that show you who liked or shared a post.
Shared items from third parties are now larger, and show you head shots of friends and other Facebook users who interacted with that same content.
The bigger-is-better mentality carries over to locations now, so if you've tagged a place or a location in a post, the post will include a map.
If you're sharing something from a third-party service, including Pinterest, those items now get more of a presence, Facebook says. Seen here, some things pinned from Pinterest.
Upcoming events have been given a tweak to make them stand out a little more.
Here's another look at a News Feed page on a computer and a mobile device.
Facebook also changed the way the "most shared" stories for a person or page are displayed, with bigger previews, and info underneath. The social network said it really wants the whole experience to feel more like a personalized newspaper.
The new menu on the desktop side is a carryover from what Facebook has been using on mobile devices for a while now. The company says it wants to make sure people can find the same menu item or shortcut they're used to, no matter where they're accessing the service from.
Here's the same menu when it's minimized.
A new notification, which is the same across all devices, will pop up when there are new posts -- something designed both as an alert, as well as to keep you reading.


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Renault says it has been able to “reinvent the small car” due to the technical packaging of the next-generation Renault Twingo city car, which is set to use a rear-engined, rear-drive set-up that maximises interior space.
Renault’s chief operating officer, Carlos Tavares, said the Twingo, which is due at the end of next year, will be “compact, quite muscular and very agile, with a good ratio of roominess versus outside dimensions”.
“We were lucky that we were starting again with a blank sheet of paper, thanks to our alliance with Daimler,” said Renault design chief Laurens van den Acker. “We started with a new platform and that gave us the opportunity to reinvent the small car.
“I hope we can show it is the best way to go. If the engine is in the rear, you can shift the instrument panel forward so you can have a relatively large cabin for a very short length.


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According to the PlayStation blog, the new PS3 design sits 20 percent smaller and 25 percent lighter than the existing model. Officially, the super slim PS3 weighs 1.1 pounds less than its predecessor and loses several inches in depth and height. Think of it as a lovechild between the previous two hardware iterations. The aesthetics appear rather low-key, with minor gloss near the edges and a ridged top panel. For the first time, the new PS3 does not use a slot-loading disc drive but instead a sliding door panel to top load discs. Another key change includes the overall power consumption, which drops from 200W to 190W.
In other territories, gamers can buy the aforementioned packages on September 28, with an additional option for a super slim PS3 that contains a 12GB flash hard drive (and room to expand via an official mounting bracket). No word if that SSD-equipped model arrives in the States, which seems unlikely as it went unmentioned by PlayStation’s U.S. arm. We also spotted a white super slim PS3 coming to Japan in late November with no word of release outside of Sony’s motherland.
The emergence of a slimmer PS3 verifies a leak from the Brazilian FCC that emerged in July, which also accurately stated the hard drive capacities that arrived today.


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[UPDATE] 2K has confirmed that first details for WWE 2K19 will be announced on Monday, June 18.
An alleged leak for WWE 2K19 has surfaced online with the suggestion that some if not all of this information may be revealed during E3 2018 this week. We don't know if any of this is true, but a source claiming to have inside knowledge has revealed some juicy details, including the WWE 2K19 roster and the return of General Manager Mode.
WWE2KInside on Twitter has been posting out snippets of information today. First up, they claim that GM Mode is returning, alongside the four different WWE shows (RAW, Smackdown, NXT and 205 Live) and the wrestlers from those rosters.
WWE 2K Women’s Mode For MyCareer
Then they'll be a brand-new Women's MyCareer mode with Sara Amato in the role of head coach. Apparently, there's also some tweaks to creation mode, a new feature to the Create A Superstar mode, which will be “similar to EA Game Face,” and the return of the Hall of Fame Showcase DLC.
There will be a Women’s MyCareer Mode in #WWE2K19 feat. Sara Amato as the Headcoach, instead of Albert.
— WWE2KInside (@WWE2KInside) June 5, 2018
WWE 2K19 Roster Leak
In terms of the WWE 2K19 roster, they claim that all superstars “listed on the current WWE roster pages (RAW, Smackdown, NXT and 205 Live) will be part of the roster either on disc or as DLC.” It's also suggested that previous Legends from WWE 2K18 will all make a return alongside some new faces, and some legends from previous games in the series.
Finally, WWE2KInsider says that they'll be a special edition launching featuring Rona Rousey and Roddy Piper, alongside a Piper's Pit interview mode for GM Mode, MyCareer and Universe.
We have no idea whether any of this information is true, but with WWE 2K19 set to release later this year, we'll find out soon enough!
Source: Still Real To Us


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Zoom CEO Eric Yuan said Zoom Contact Center is adding 90 new features and enhancements per quarter. "We look forward to adding additional products to this suite to expand our native CX capabilities and revenue streams."
The primary argument for the price increase is that Salesforce has been rolling out new innovations around generative AI. Recent headlines include the launch of AI Cloud, Einstein GPT, Sales and Service GPT as well as other updates.
Salesforce is looking to allay enterprise concerns about generative AI by connecting it to business outcomes and return on investment.
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Volkswagen, one of Europe’s car company with big sales, has been sued as there may be ‘inconsistencies’ with the manufacturing of diesel cars. The said cars were observed to be producing too many carbon emissions. With problems arising in America for Volkwagen owners, the company is going through strife with a law-suit sitting on their laps.
The company has been set back for manufacturing the turbo charged diesel engine (TDI) 2009-2015 models. This has been recalled completely from the range and the company is looking to make more power-generated cars.
Volkswagen have issued two statements, one from the U.S arm and the other from the German Headquarters.
“Volkswagen is committed to fixing this issue as soon as possible. We want to assure customers and owners of these models that their automobiles are safe to drive, and we are working to develop a remedy that meets emissions standards and satisfies our loyal and valued customers.” said the US arm of the company.
The company has been deeply affected by this incident as they have lost 20% of their share value in stocks and recalling these cars takes up more than 33% of their sales. Due to the $18 billion fine imposed on the company, they will probably be severely damaged economically as their global profit for 2014 was $4 billion dollars less than the fine.
This is not the first time that Volkswagen has to recall a whole line of car they manufactured. In 2013, a recall was made for over 2 million Tiguan SUV’s after a problem with the gearbox was discovered. Other cars in the 2008-11 included: Golf hatchback, Jetta sedan, Polo hatchback, Passat sedan and wagon and the caddy van.
In an interview with Bloomberg, John German and Peter Mock, who work for the International Council on Clean Transportation tested the 2009-2015 car model and were astounded by the results as they showed the Jetta exceeding the oxide emissions by 15-35 times and the Passat was 5-20 times over the standard.
Since Volkswagen has one of the top performing cars with high fuel-efficiency and speed, when the diesel engine is taken apart and fixed for their emission count, the speed and fuel-efficiency will definitely decrease. But the worst problem, however, is for owners of the TDI. Complications will come when and if they decide to sell their car after and have to register because it is deemed ‘illegal’.


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Department of Agriculture, Food and the Marine Press Statement:
The Minister for Agriculture, Food and the Marine, Simon Coveney has today confirmed that he will be requesting Irish manufacturers of processed meat products to carry out DNA testing and to work with the Food Safety Authority of Ireland (FSAI) in developing testing protocols for this purpose. The Minister considers this a necessary step in order to provide further reassurance to Irish consumers and consumers of Irish food abroad.
The Minister has been in regular contact, most recently this afternoon, with his UK counterpart, Environment, Food and Rural Affairs Secretary Owen Paterson. Having regard to the close trading relationship between the Irish and UK food industries both Ministers have agreed that the FSAI and the UK Food Standards Agency will work closely together and jointly agree an approach for protecting the authenticity of meat ingredients used in the manufacture of meat based products.
As this matter has developed into a pan European problem, Minister Coveney has arranged a meeting in Brussels on Wednesday next with EU Commissioner for Health and Consumer Policy Tonio Borg to consider the wider EU implications of the recent revelations concerning the presence of horse meat in beef products. The Minister intends to discuss with the Commission and other relevant Ministers whatever steps may be necessary at EU level to comprehensively address this matter. The Minister has also arranged to have the issue on the agenda for the next Council of Agriculture Ministers later this month.
As expected last Thursday the Minister also held a lengthy and constructive meeting with his Polish counterpart in Brussels and as a result a Polish veterinary delegation will visit Ireland this week to be briefed on our investigation to date.
Following the findings of the FSAI Survey on the authenticity of meat products (published on January 15), which disclosed the presence of horse meat in burgers and the identification in the follow up investigation of the source, the problem has developed into a pan European investigation of food fraud involving a range of meat products and traders/food business operators. The Minister stressed that, while a European response is needed, it does not lessen the determination of the Department and FSAI to continue to work with the Gardai to bring the enquiries here to a conclusion.
While the investigation is ongoing, a Trader Notice was issued by the Department reminding all food business operators of the need to ensure the integrity of their raw materials.
The Minister said he would continue to take whatever actions are necessary to ensure this issue is addressed in a comprehensive and effective manner. “It is worth noting that it was because of the vigilance of our testing and control regime in Ireland that what is now a pan European problem was exposed”.
This statement appeared on the Food Safety Authority of Ireland (FSAI) website on Monday 11th February 2013


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- MoFaya is an energy drinks company started by DJ Sbu
- The company aims to empower South Africans through social entrepreneurship
- Its products are not widely available in stores and are instead sold by more than 2 300 ‘street hustlers’
In life, whether it’s business or personal often times one door closing leads to another door opening, sometimes that door leads to places people could never have imagined.
This is the case for the MoFaya energy drinks company which was started by DJ Sbu. He started the company with the aim to help ordinary South Africans help themselves, this achieved by building huge demand for the brand while not making the brand widely available in supermarkets.
The products are sold by more than 2 300 ‘street hustlers’. These men and women take to the streets of Mzansi to sell something other than fruits and vegetables, and can in most instances make enough money to support themselves.
Briefly.co.za gathered that there are tentative plans for an academy which will train would be ‘street hustlers’ in order to help them sell the product.
One reseller had the following to say on Twitter: "I am going to work hard to sell mofaya because you’re the only person in South Africa who is willing to help the unemployed youth to create employment and an opportunity to make money anywhere."
Others resellers say they sell their stock within a couple of minutes of starting their day.
The huge demand, which has been created has given hope to thousands of South Africans who make their living thanks to the product, while no official figures are available it is thought that most people can make upwards of R500 per day.
There are even reports of Zimbabweans wanting to get the product into their country because of the huge demand and near guarantee of success.
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A futuristic ‘super battery’ could soon power electric cars, according to recent reports.
Researches at the University of Cambridge have created a new battery that has ten times the energy of the current lithium-ion system. The new battery could replace current ones that are used to power electric vehicles.
The new lithium-oxygen battery is said to be able to overcome many of the barriers that currently limit the widespread use of electric cars. As the new battery has so much more energy than the lithium-ion, it could compete with gasoline and the technology would allow electric vehicles to approach the same amount of mileage as traditionally fuelled cars.
One of the barriers that electric cars and vans face is that the current lithium-ion batteries are expensive to replace, as well as increasing the weight of the car. On a normal electric car, the cost to replace a battery can be over £3,000. Lithium-oxygen batteries, on the other hand, are both five times lighter and five times cheaper than their predecessors. The University researchers have stated that the high density energy will help to achieve 93% efficiency.
Unfortunately, though, super battery technology is not ready to hit the production floor, and according to Clare Grey, the Cambridge professor who is leading the research, it will not be available for another ten years. Clare informs us that though the system is successful in the laboratory, it is not currently charging and discharging at high enough levels for use.


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Applied Materials Gets Profit Boost
Shares in Applied Materials jumped 14 percent yesterday to an all-time high after posting better-than-expected profits for the latest quarter -- a reminder that demand for computer chips is strong.
The Santa Clara company's stock jumped 14 1/2 to close at 118 1/4 in Nasdaq trading. The stock in other semiconductor equipment makers also rose on the good news at Applied Materials.
The company's earnings growth underscores the big demand for semiconductor products as more Americans turn to high technology. It also fueled more optimism for the technology stock rally.
As reported, Applied Materials said its net profit jumped to $139.2 million ($1.57 per share) for the third fiscal quarter ended July 30 from $58.1 million (68 cents) for the like quarter last year.
Quarterly sales more than doubled to $897.7 million from $440.2 million.
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"Many leading semiconductor companies worldwide have increased their capital spending forecast during the year in an effort to keep up with the strong demand for semiconductor devices," said chief executive James Morgan.
The book-to-bill ratio, an industry benchmark, set a new record of 1.22 in July. It indicated that for every $100 worth of products shipped (billed), manufacturers received $122 of new orders (bookings).


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It's been more than a dozen years since sears holdings (nasdaq:shld) was created through the takeover of sears by kmart unfortunately. Visit kmart today for irresistible prices on soccer balls shop online for quick delivery with 28 days return or click to collect in store. List of sears, kmart stores closing - riverhead, ny - sears holdings informed workers at 46 unprofitable stores this week the locations would.
The fabulously sized category is aligned with kmart's goals to celebrate diversity lauren conrad just launched her plus size category. Kmart is looking at alternative growth verticals to achieve its lofty goals, laying the groundwork on an international expansion that's seen its. You might think you're bound to find bargains just walking into kmart, but to ferret out the real deals you need to dig deep we'll show you how.
Kmart has an opening for a asset protection manager (kmart 7413 st to achieve shrink, workers compensation and general liability goals.
Rick lambell, kmart australia: australian grown cotton - how kmart is aligning its sustainable development goals with a new market opportunity. Australian clothing brands like big w and kmart are part of the system that has transparent, time-bound plans to map out how they will achieve this goal.
Andrew stein, kmart's vice president and chief marketing officer, says the company wasn't trying to make a viral ad the goal was to just create. Across its business, kmart has increased employment of indigenous team members to 419, representing 133 per cent of its workforce kmart's goal is three per. Mr conaway pointed out that kmart has already taken decisive steps toward achieving its strategic goals for example, kmart will invest nearly $2 billion in. Kmart's strategy is to provide every shopper, whether online or in a store, the and is relying on both old and new approaches to fulfill the goal.
Kmart has a great selection of soccer goals & field accessories find affordable soccer goals & field accessories from your favorite brands at kmart. Khoshbin worked tirelessly at kmart to save for a 1983 burgundy honda set goals that you can 100 percent commit to each year, he says. Kmart's ceo unveiled financial goals to analysts, saying that in the long run, the firm's earnings before interest and taxes should grow 4% to 5%. A 2003 publication of a us bestseller entitled kmart's ten deadly sins had a stores – wal-mart, kmart and target had started focused towards its goals.


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Outdoor recreation economy continues record-breaking growth, especially in the Mountain West
New data from the U.S. Bureau of Economic Analysis shows the massive impact outdoor recreation has on the Mountain West’s economy.
Nationally, outdoor recreation created $862 billion in gross economic output last year, accounting for $454 billion in GDP and 4.5 million jobs. Included in those numbers are activities like biking and boating, but also equipment manufacturing, entertainment and construction.
Overall, the industry contributes more to the U.S. Gross Domestic Product than agriculture, mining or computer manufacturing. Plus, it’s a sector that grew at triple the rate of the general economy. Jobs in outdoor recreation far outpaced general hiring last year.
Mike Happe, CEO of motorhome manufacturer Winnebago Industries, said the pandemic brought a surge in new customers, reflecting last year's record-breaking growth in activities like camping and boating.
“They were looking for a sense of normalization and control. They wanted to spend newfound discretionary time with family and friends, and they certainly were looking for a sense of adventure,” he said.
In the Mountain West, outdoor recreation is an especially big piece of the region's economic pie. It contributes to 4.4% of Montana’s GDP – that’s the largest share in the nation. Jobs in the sector increased by more than 15% in most of the region’s states between 2020 and 2021.
Happe said this data is a strong argument that governments should invest more in marketing and infrastructure in popular outdoor spots, especially because he doesn’t see growth slowing any time soon.
“Eighty-six percent of those first-time buyers in 2021 say that their RV experience meets or exceeds their expectations, which bodes well for our industry certainly going forward in terms of repurchase intent, and further participation,” Happe said.
The retail trade contributes to about a quarter of the outdoor recreation economy – the largest share. Arts, entertainment, recreation, accommodation and food services make up the second-largest industry group. Manufacturing ranks third.
This story was produced by the Mountain West News Bureau, a collaboration between Wyoming Public Media, Nevada Public Radio, Boise State Public Radio in Idaho, KUNR in Nevada, the O'Connor Center for the Rocky Mountain West in Montana, KUNC in Colorado, KUNM in New Mexico, with support from affiliate stations across the region. Funding for the Mountain West News Bureau is provided in part by the Corporation for Public Broadcasting.
Copyright 2022 Wyoming Public Radio. To see more, visit Wyoming Public Radio.


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Despite bumper production of fruits, growers in Rangamati are incurring losses as the price has fallen drastically in the local markets of the district due to coronavirus outbreak.
According to the Department of Agricultural Extension (DAE) in Rangamati, this time the farmers are very happy as they are getting bumper production of fruits due to advanced planting. As a result, they are earning good profit by selling the produces this year compared to last year.
But prices of fruits have witnessed a drastic fall in the local markets here in the last 11 days amid adequate supply as the fear over coronavirus outbreak has kept customers and fruit traders in Rangamati and the adjoining districts.
Traders from different areas in the country usually come to Rangamati to buy fruits from farmers at the field, said local growers, adding that but for the last few days, no traders were visiting the area due to coronavirus fear and that's why fruit farmers from different hill areas are now coming to local markets in the district to sell their produces.
During a visit to a market at Banarupa Samataghat in Rangamati town on Saturday, this correspondent saw that the number of buyers dropped drastically. So, the growers were passing lazy time.
Nitimoy Chakma, owner of a pineapple orchard in Sadar upazila, said he came to the market with 2000-piece pineapple for sale but he did not get fair prices as most of the traders could not come from outside of Rangamati due to coronavirus outbreak.
"The pineapple would be rotten at garden if I couldn't sell it timely. I sold a pair of pineapple at Tk 10 to Tk 15 today, which was sold at Tk 30 to Tk 40 last week," he added.
Another owner Suman Chakma of Naniarchar upazila said "This year, I cultivated pineapple on two acres of land spending Tk 50,000. For the first time, I came to the market to sell the produce. But I am disappointed as price of the fruit has fallen drastically."
Muhammad Fazlu Mia, a watermelon grower in Rangamati Lemuchari area, said he cultivated watermelon on four bighas of land. He sold the summer fruit at Tk 30,000 till now. But a number of watermelons still lie in his field.
"I contacted with many traders from Chattogram to sell the watermelon but they told me they would not visit Rangamti this time due to the fear of the disease. Now I have to count huge losses as the price has fallen drastically in the local markets," he added.
Md Belal Hossain, a local trader, said "I collect fruits from different hilly areas, but I'm not buying those due to coronavirus outbreak.
Paban Kumar Chakma, deputy director of Rangamati DAE, said it is true that many fruit farmers are now incurring losses as prices of the fruits have drastically fallen due to coronavirus outbreak.


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The Chinese owner of Weetabix is selling the iconic cereal firm to US company Post Holdings for £1.4bn, giving the latter full control over some of the world’s most popular breakfast foods.
In a press release, Post said that the acquisition from Bright Food Group would help it to establish a platform in the UK.
“We have long admired Weetabix as a leader in cereal and believe it will be a fantastic strategic fit within Post,” Rob Vitale, Post’s president and chief executive officer said. “Combining together two category leaders continues our strategy of strengthening our portfolio in stable categories and diversifying into new markets, bringing much-loved brands to significantly more customers globally,” he added.
Back in January, Reuters reported that Post was among four bidders vying for Weetabix, the other bidders being Associated British Food, Cereal Partners Worldwide and Italian pasta maker Barilla.
Weetabix, which also makes Alpen cereal, Weetos and Oatibix, dates back to 1932 and was family owned until 2003. In 2012, Shanghai-headquartered Bright Foods Group bought a majority stake in the brand, but in December last year the owners reportedly hired banks to lead a sales process.
Bright Foods Group had hoped that Weetabix would help it crack the lucrative Asian market but, most of Weetabix’s sales still come from its much slower-growth home market.
Weetabix does, however, still have operations in Africa, through two joint ventures and a total distribution export business to over 90 countries.
Post on Tuesday said that when the transaction closes, Sally Abbott, Weetabix’s director of marketing, will become managing director of Weetabix UK and Ireland and report to Mr Vitale.
Giles Turrell, Weetabix’s current CEO, will assume the newly created role of chairman of Weetabix.
He will be responsible for overseeing the integration of Weetabix into the Post portfolio.
The deal is expected to be funded with existing cash, as well as borrowing, Post said.
Barclays, Rabobank, Credit Suisse and Nomura have been hired to act as financial advisors to Post and the deal is expected to be completed by the third quarter of 2017.
Read more at independent.co.uk