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Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) is leveraging the need for speed in the likes of Formula One racing with its innovative drug delivery platform. A recent article discussing the company’s DehydraTECH™ reads, “In recent in vivo tests, the technology delivered 203 nanograms per milliliter (ng/mL) of nicotine in 15 minutes, 70 percent more than the control. Such rapidity may rival smoking; particularly as new research (http://cnw.fm/gi1Aw) suggests that ‘nicotine takes much longer than previously thought to reach peak levels in the brains of cigarette smokers.’ For tobacco industry giants on the search for safer delivery methods than smoking, the DehydraTECH™ platform is increasingly beginning to look like an attractive alternative.”
To view the full article, visit http://cnw.fm/tFy50
About Lexaria Bioscience Corp.
Lexaria Bioscience Corp. licenses disruptive patented delivery technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. Lexaria has multiple patents pending in over 40 countries around the world and has patents granted in the USA and in Australia for utilization of its DehydraTECH™ delivery technology. Lexaria’s technology provides increases in intestinal absorption rates; more rapid delivery to the bloodstream; and important taste-masking benefits, for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules. For more information, visit the company’s website at www.LexariaBioscience.com
More from CannabisNewsBreaks
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
For more information please visit https://www.CannabisNewsWire.com


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Boise Indefinitely Idles Newsprint Machine at DeRidder Mill
April 27, 2009 - Boise Inc. said it has decided to indefinitely idle its D-2 newsprint machine at its mill in DeRidder, Louisiana. The D-2 machine has been idled since February 9.
The company will continue to operate the D-3 newsprint machine and the D-1 linerboard machine at the DeRidder mill.
Boise began selling newsprint on March 1 of this year, transitioning away from a marketing agreement with AbitibiBowater.
"This was a difficult decision because we know it affects our employees, who have performed well and safely," said Alexander Toeldte, president and CEO of Boise Inc. "The drastic decline in newsprint demand is an external factor that none of us can control. Indefinitely idling the machine minimizes our costs while preserving our future options."
The D-2 machine, with an annual production capacity of 186,000 tons of newsprint, is being preserved, enabling the mill to restart it within a short period of time should the need arise.
Boise noted that it may also pursue options to convert the machine to packaging products at a later date.
The indefinite idling will result in a loss of ten salaried jobs at the DeRidder mill, and the 95 hourly employees affected will remain on layoff status.
Boise said closure agreement negotiations will be scheduled with the United Steelworkers Locals 13-0725 and 1226 to determine the impacts for union employees. The company has filed a notice of its intent to indefinitely idle the machine under the WARN Act and will pay union employees in lieu of notice.
Boise expects to employ about 450 people at the mill with D-2 idle.
SOURCE: Boise Inc.

domain: news


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Monday, September 30th, 2013
Manufacturing Day 2013, which will happen this Friday (October 4, 2013), is shaping up as an outstanding event. Make that events, plural, because as of this morning there are 741 manufacturing events scheduled for that day by a wide variety of manufacturing companies and schools, each of them set up to show off their part of what people in the manufacturing sector do.
And if you are a manufacturer who thinks it’s too late to open the doors and show off what you do, how you do it, and your work environment, think again: At the end of last week there were 719 events scheduled, 22 more manufacturing organizations jumped in over the weekend.
Jumping in is easy. The MFG DAY folks have all the information and advice you need, neatly laid out on their website. Are 741 events enough? buy viagra uk That’s more than the 240 events held during last year’s first Manufacturing Day, but is it enough?
No, it is not, but it’s a strong effort and it will have an impact. That’s why numerous industry companies and associations, including SPI: The Plastics Industry Trade Association, are supporting MFG DAY 2013. We need to make others aware of what we do, how we do it, and how valuable it is. They need to know how important manufacturing is to the U.S. economy and, by extension, to every American.
We regularly hear how manufacturers are currently challenged by a shortage of skilled workers for jobs they are trying to fill, even in this time of high unemployment. This is partly because most people, and particularly the younger ones, either have no idea of how manufacturing is done, or worse, that it’s as dirty, dangerous, and sinister as it’s often shown in movies and television.
Manufacturing Day is a great chance for manufacturers to help correct that — and it’s not too late. Click over to MFGDAY.com and jump in.


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Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.
Keep your eyes open for spicy Gingerbread Families, available at all six Good Earth coffeehouses in Edmonton throughout the month of December. The cookies are a fundraiser for Edmonton’s Habitat for Humanity, and Good Earth will donate a dollar to the organization from the sale of every delicious family. The café hopes to raise $10,000, up from the $7,600 gathered last year. The money goes toward a community build at 11403 17th Ave. that will benefit 64 local families. goodearthcoffeehouse.com
Chef Blair Lebsack of RGE RD has an idea for making holiday entertaining less stressful. Buy things from his restaurant! On Thursday Dec. 17, Friday, Dec. 18 and Saturday Dec. 19, RGE RD is open from noon to 5 p.m. to sell house-made pate, terrine and rillettes, along with fresh bread made with products from Gold Forest Grains. 10643 123rd St. rgerd.ca
As part of its “home school” series, Little Brick presents a Christmas primer on Thursday, Dec. 10 from 7 p.m. to 10 p.m. For $100, participants get to access the talents of top-flight Edmonton food and decor experts, and will come away with food and recipes as well. Nate Box, owner of Little Brick, says the trio — designer Cory Christopher, libation specialist Allan Suddaby and baker and candy-maker Erica Vliegenthart — have organized a packed evening. Participants will receive a shortbread lesson, learn how to make Christmas drinks and create a fresh floral arrangement. Little Brick’s Home School, a new concept that began at Thanksgiving and is geared to sharing fun food and drink knowledge, teaches practical home skills in a cosy setting. There are 30 spots available. Little Brick is at 10004 90th St. Call 780-705-1230. Tickets are available online at littlebrick.ca.
Local chef and cooking instructor Elaine Wilson hosts a fundraising bake sale for Wings of Providence on Sunday, Dec. 13 from 10 a.m. to 3 p.m. It’s at the Abby Road Co-op at 10950 82nd Ave. Wilson tells me that more than 300 volunteer bakers donated 1,000 dozen cookies and other treats for sale. facebook.com
Though I love our mild winter so far, I am secretly hoping for some fresh snow, if only to take advantage of a new brunch option for cross-country skiers at Victoria Golf Course clubhouse (12130 River Valley Road). Chef Brad Lazarenko of Culina Restaurants and Catering has taken over the food service at all city-owned golf courses and starting Saturday, Dec. 12, he will run a weekend brunch at Victoria in the newly branded Dogwood Café. Favourites such as Huevos Rancheros and eggs Benedict will be served from 9 a.m. to 3 p.m., along with coffee roasted by Iconoclast. culinafamily.com
The French Quarter Grand Market has spiced up offerings for December with a Holiday Bazaar Dec. 13 and 20. The event features knick-knackery, festive food and drink, as well as the regular farmers’ market fare that’s there every Sunday from 11 a.m. to 3 p.m. 8627 Marie-Anne Gaboury (91st) St. facebook.com.french.quarter
tap here to see other videos from our team.
Calgary food writer, cooking instructor and food tour guide Karen Anderson, a regular on CBC Radio’s Alberta at Noon, will be in Edmonton at Culina Muttart ( 9914 89th Ave.) to launch her new cookbook on Sunday, Dec. 20 from 3 p.m. to 4 p.m. The cookbook is called A Spicy Touch: Family Favourites from Noorbanu Nimji’s Kitchen. Audreys Books will be selling copies ($34.95). Culina will provide appetizers from the book and Anderson will talk about the recipes and her love of India, where she conducts food tours. The event is free. calgaryfoodtours.com
Check out edmjr.nl/eatmywords and follow me on Twitter.com/eatmywordsblog


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A student has warned music fans to check who they buy tickets from after losing £180 to an online fraudster who promised Killers briefs.
Abertay student Kenzie Foth, 22, was offered tickets to the American rock band’s sold-out gig in Aberdeen last month by a seller on Facebook.
After transferring £180 to the seller’s bank account, Kenzie, originally from Germany, said communication broke down before the scammer disappeared altogether.
She said: “The concert was supposed to be on November 22 so it seemed plausible that I wouldn’t receive them until closer to the event.
“At first she wanted the transfer done through Western Union, which I said I wouldn’t do.
“The reason she said it had to be a bank transfer was that it was her parents’ account and it would be easier that way.”
After the scammer fell silent, Kenzie found other Facebook users had fallen victim, adding: “I eventually found out that she had been selling tickets to a bunch of other people too, tickets that I had technically already bought. I can’t believe she got so many other people — someone from Aberdeen and even someone in the US.”
The Tele contacted a number of those affected, who all confirmed they had lost money to the scammer.
Attempts to contact the seller via email and Facebook were met with no response. A phone number given by her was invalid.
As she made the transfer from her German bank account at home, Kenzie said that, despite their best intentions, police were unable to help. Her bank has also said it is unlikely she will be able to recover the money.
However, she wanted to issue a warning to people considering buying tickets from private sellers — despite having bought tickets in a similar way herself in the past without issue.
She added: “I only got a bank account a year or so ago when I became a student. If I had been more knowledgeable, I might have seen the red flags.”
Action Fraud, the UK’s national centre for fraud and cyber crime, recommends using a secure payment such as PayPal or a credit card when buying from private sellers, as these offer more protection against fraud than a debit card or bank transfers.
Its advice says: “Avoid making payments through bank transfer or money transfer services, as the payment may not be recoverable.”


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Sprint, the third largest wireless carrier in the US, had a great second half in 2010 thanks to the likes of the HTC EVO 4G and Samsung Epic 4G. Yesterday, Sprint announced that they added more than 1 million new post-paid subscribers in Q4 of 2010, which is the first quarterly subscriber gain since way back in 2007. Customer brand loyalty and churn rate have hit new records for Sprint too. Let’s not kid ourselves though, Sprint still reported a $929 million loss for the same quarter, so they have a lot of roadwork to complete before they can start celebrating.
Sprint CEO Dan Hesse appeared on CNBC to discuss the earnings, as well as their upcoming dual-screen Android, the Kyocera Echo, and the possibility of a Sprint branded iPhone – they’re interested. Other topics discussed include the Android platform and recent rate hike (($10 smartphone data fee). Sprint’s Q4 sales were 69% smartphones, and their overall customer base is now sitting at 50% smartphones. Check out the full interview below.


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BHS has secured its short-term future after creditors voted in favour of its company voluntary arrangement (CVA) for BHS Ltd, one of two companies within the group that comprises 125 of its stores.
Darren Topp, BHS
Speaking to Drapers just before the second vote for BHS Properties, which represents the remaining 23 stores, chief executive Darren Topp was thankful but pragmatic about the work that still needs to be done.
“We are very grateful and appreciative to our creditors who have supported us through the process and we realise for landlords in particular, it hasn’t been an easy decision,” he said.
“But we have to remember that this is just the start of the process. There is lots to do and we’re not afraid of it. We have a great team behind us and we’ll be accelerating our turnaround plan.
”One important part will be convincing the great British public to give us another chance – telling them to come back into stores to see some of the work we have been doing.”
Another crucial part of the recovery plan involves raising £100m of new funding to invest in its stores, online and in its overall proposition.
Topp said BHS is in the final stages of agreeing property transactions that will bring in £30m. These are set to be confirmed over the next couple of days and are thought to include a combination of sales and “sale and leasebacks” on stores including the Oxford Street flagship.
The company has had final credit approval for asset-based lending totalling £60m from Gordon Brothers.
BHS said it intends to raise the remaining £10m by withdrawing letters of credit, which it has been using to place orders with suppliers since its credit insurance was suspended last year.
“We are in discussion with suppliers on a case-by-case basis about this, but really, for a company in the situation we’re in, we can’t be writing letters of credit,” said Topp.
“Today’s decision is part of a series of actions we are taking and, of course, we’re really pleased with the result, but tomorrow morning the work starts in earnest. It’s a good foundation on which to build.”
The result of the second creditors’ vote on BHS Properties will be announced later today.


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Advertisements for Mickey’s Magical Party are generating a lot of interest in the resort right now, no doubt helped along by that 40% discount offer.
Just a few seconds ago, for example, an email dropped into the inbox of thousands of Disneyland Resort Paris fans and visitors in the UK:
The email shouts “With Mickey’s Magical Party, we’re bursting with New experiences, New shows and a New attraction!”, linking across to the official celebration website — which itself was updated just a few days ago to include some extra videos and photos.
But what about their paid-for advertising campaign? The UK office have sent us a little update on what to expect: “Throughout February and March, we’ll not only be on key TV channels but also in popular magazines, posters in your local supermarkets and online.”
So, open up a popular magazine this month and you might just be treated to be a double-page advertisement for the celebration and the resort, using a shiny new visual of colourful balloons floating through the sky.
Photo: Kris, magicforum.
This new print ad doesn’t specifically mention any of the new events, choosing to lead just with the bright new key visual. The biggest balloon in which cleverly reflects a depiction of the main It’s Party Time… with Mickey and Friends show on Central Plaza, with Timon, Baloo and Aladdin in the background and crowds of eager guests reflected in its ears.
Here’s the full image exclusively on DLRP Today, without the print campaign text:
You’ll probably agree the general colours and style of this beautiful new key visual are also far subtler and nearer to the classic “Disneyland Paris” image we remember — those bright and colourful balloons are still present, but don’t overpower the image.
Images © Disney.


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Welcome to the Paddock, your VIP access to unique insights from some of the best mobility founders out there and curated news and trends reshaping the mobility sector globally.
—Rodolfo, Enrique, Cecy, and Horacio.
💡If you know of any startup that is also committed to #reshapingmobility by being more efficient, safer, and environmentally friendly reach us here.
🏁Come visit The Paddock to see the full portfolio of P.V. companies.
⚡Fantastic news! Kigo-Parkimovil has recently closed a new funding round led by Proeza Ventures and Liil Ventures, alongside strategic investors like Grupo Flecha Amarilla, Grupo Excelencia, and Grupo Huerpel. With Kigo-Parkimovil’s 360° solution, they’ve solidified their position as the #1 urban mobility platform in Mexico and now expanding into other LATAM regions, including Guatemala, Colombia, and Panama.
⚡ miituo continues opening up new distribution channels for insurance companies to digitally and seamlessly deploy new and innovative products. Starting this month, after a lot of planning and hard work, consumers in Mexico can now buy their pay-per-km insurance policy through Liverpool’s online store and its mobile App. Liverpool is one of the most popular eCommerce and retail stores in Mexico. We couldn’t be prouder of the team as they continue embedding their auto insurance products across different platforms and use cases!
⚡Listen in to learn how Electric Era is providing above-the-grid charging and solving a host of other issues around EV charging. We invite you to check out Electric Era’s founder and CEO, Quincy Lee, as he discusses EVs, the grid, and all things fast charging with Nick van Osdol from the Keep Cool Show.
⚡Congratulations to Solvento for being recognized as one of the top 100 startups in Mexico by Forbes Mexico and Rockstarts. This list aims to highlight the best Mexican startups and the country’s continuous growth. In this exercise, established unicorns with years of experience coexist alongside newly founded ventures with less than a year of existence.
⚡ Excited to announce ONO’s partnership with Sixt, one of the first and most influential international car rental companies in the world. As the first e-cargo bike, ONO will now be part of the SIXT Van and Truck rental fleet. This is a huge step for #reshapingmobility within cities since increases access to more sustainable solutions and allows different players, such as big enterprises like Sixt and their drivers, to benefit from it.
🔍 How far startups can fake it until they make/break it?
The startup ecosystem is renowned for its dynamic and ambitious nature, with a culture that fully embraces the philosophies of “fake it till you make it” and pushing boundaries. These approaches project confidence, ambition, and a strong vision – even in the face of uncertainty, which are crucial to attract investors, customers, and talented individuals. By presenting themselves as serious contenders in the market, startups instill trust and generate interest in their products.
It is crucial, however, to draw a clear distinction between presenting a compelling vision (i.e. “fake it till you make it”) and engaging in deceit or misrepresentation. While projecting confidence can be a psychological and strategic tool, entrepreneurs must uphold ethical principles to ensure they do not cross legal and ethical boundaries. The notorious case of Theranos, the high-profile startup led by Elizabeth Holmes, illustrates this point. The company claimed to have developed groundbreaking blood testing technology – managing to raise millions from well-connected investors – yet investigations later revealed that the company was “faking it” more than they wanted to admit, greatly exaggerating their capabilities and criminally misleading customers about the effectiveness of its technology.
Similarly, startup culture encourages pushing boundaries to achieve breakthroughs and to gain a competitive edge. Entrepreneurs are urged to challenge conventions, think disruptively, and create innovative solutions. This mindset fosters an environment where rule-breaking, within legal and ethical limits, is seen as a means to achieve growth and progress. However, it is crucial to differentiate between positive boundary-pushing and participating in activities that might not align with the best judgment.
The recent tragic instance involving OceanGate, the deep-sea exploration startup, provides us with a chance to reflect on the intricacies of venturing into uncharted territories and exploring the outer limits of what’s possible. Their audacious mission aimed at exploring the depths of the Titanic sparks discussions about the importance of caution, prudence, and judicious decision-making. In the ever-enthusiastic startup landscape, where creativity and daring are celebrated, it becomes crucial to harmonize enthusiasm with the well-being of all stakeholders, incorporating meticulous risk evaluations during decision-making and maintaining rigorous safety protocols.
Entrepreneurs must recognize that ethical conduct and accountability are of utmost importance. By embracing responsible practices and fostering a culture of integrity, startups can successfully navigate the challenges that lie before them – ensuring their long-term success. The cautionary tale of Theranos serves as a reminder of the potential risks associated with unethical practices, and the tragedy of OceanGate reminds us of the importance of caution and prudence in the face of discovery.
🔍Rental Cars are the New Airbnb
A strong ecosystem of small-time entrepreneurs is growing around car-sharing apps, like Turo and Getaround, especially as they continue to gain more popularity. As WSJ puts it, renting cars is the latest iteration of gig work. Most of these entrepreneurs/side hustlers are building up inventories of cars, from 3 vehicles to 50+ vehicle fleets, renting them out in car-sharing platforms. On Getaround, “power hosts” – those who own 3 cars or more, represent 70% of the active cars on the platform, while at Turo, 15% of the hosts last year listed 3+ vehicles. Enrique, one of our partners, had the opportunity to rent a Tesla Model 3 from a host who owned 5 Model 3 Teslas and was dedicating a great share of his time to his business build around the platform. A big example of this trend is Joulez, a Bronx-based company with a 60-electric vehicle fleet, that rents out their vehicles through Turo and separately through its own channels.
Nevertheless, renting cars is not an easy business, a deep understanding of its nuances is needed to build out a profitable business, and in many cases, scale really helps with this. From lack of financing, knowing which cars are the best and most reliable to rent, to managing the full cycle of renting – costs of parking, cleaning, insurance, financing – it is a challenging business. This has led to new services around this ecosystem; from mentorship programs to an auto-lending startup (Tenet) focused on this market. This makes us question ourselves, as car sharing continues to become mainstream, what other services will be needed to support this growing ecosystem of entrepreneurs.
Some deals we found interesting
🚀Alpha Grid, a San Francisco-based EV charging infrastructure development software company, raised $2.5 million in funding. Asymmetric Capital Partners led the round and was joined by Twine Ventures. (19. Jul.23)
🚀Ampcontrol, a New York-based startup whose software helps fleet operators using EVs maintain charger uptime, plan routes, coordinate with energy tariffs, and monitor their vehicles and chargers with live data, raised a $10 million Series A round. The deal was led by the Westly Group, AngelPad and Lorimer Ventures. (1.Aug.23)
🚀BusRight, a New York-based school bus technology provider, raised $7 million in Series A funding. Las Olas Venture Capital led the round and was joined by Ubiquity Ventures, Underscore VC, Long Journey Ventures, SilverCircle, Automotive Ventures, Alumni Ventures, CreativeCo Capital, and other angels. (20. Jul.23)
🚀Cargo Produce, an-Austin based Logitech company just closed a $4.5 million round led by VCM Global Asset Management. (10. Jul.23)
🚀ChargeX, a Munich-based developer of electric car charging infrastructure, has raised €11.5 million Series B led by UVC Partners. (7. Jul.23)
🚀CYCLE, a Berlin-based full-service mobility solution for delivery services and couriers, has raised €10.3 million in a Series A funding round led by Scania Growth Capital (East Hill Equity). (19. Jul.23)
🚀Dynamon, a Southampton, U.K.-based data analytics and simulation tools software company for commercial transport and logistics companies, raised £4 million in funding from bp ventures. (3. Aug.23)
🚀ev.energy, a London- and Palo Alto, Calif.-based electric vehicle managed-charging software platform, raised $33 million in Series B funding. National Grid Partners led the round and was joined by Aviva Ventures, WEX Venture Capital, InMotion Ventures, Energy Impact Partners, Future Energy Ventures, and ArcTern Ventures. (27. Jul.23)
🚀Flipturn, a New York-based EV fleet operations platform, raised $4.5 million in seed funding. Accel led the round and was joined by Comma Capital and Background Capital. (27. Jul.23)
🚀Go Eve, an Ireland-based EV charging startup, raised £3 million in funding from The Pearl Family Office, Carter Gem, Automotive Ventures, Kero Development Partners, and Cur8 Capital (10. Jul.23)
🚀Goodhood, a Dallas, TX-based subscription-first care tech startup, raised $2.6 million in funding. The round was led by Bullish with participation from existing investors Okapi Capital and Mucker Capital, and new investors New Age Ventures, Kubera Venture Capital, and Impact Ventures, among other executives as angels. (12. Jul.23.)
🚀Hive Power, a Switzerland-based leading provider of solutions for energy optimization, announced that it closed a new funding round totaling $600,000. The company received strong support from Techstars, Péter Ilyés (former CEO of E.ON Italy), TiVentures, and Magility Ventures. (10. Jul.23)
🚀Hoop Carpool, a Madrid-based corporate carpooling has raised €1.2 million in a new investment round led by Ship2B Ventures through BSocial Impact Fund, supported by Banco Sabadell, FEI, and AXIS, as well as 4Founders Capital. (11. Jul.23)
🚀Koop Technologies, a New York Based Insurtech has raised new funding from top-tier technology investors, led by Alley Robotics Ventures, to scale the distribution of its proprietary insurance products and risk-control tools for robotics and autonomous vehicle risks. (17. Jul.23)
🚀Leverage, a New York–based supply chain and visibility startup raised $7 million in a round led by Chicago Ventures. (17. Jul.23)
🚀RideTandem, a London-based sustainable transportation company, raised £2.3 million ($2.97 million) in funding. Blackfinch Ventures led the round and was joined by FirstMonday VC, Rainmaking Impact, 1818 Venture Capital, Ascension, and Low Carbon Inno. (12. Jul.23)
🚀Rocsys, a Netherlands leading provider of autonomous charging solutions for electric transportation, today announced a $36 million Series A funding round. Led by SEB Greentech Venture Capital, the round also includes participation from Graduate Entrepreneur, the European Investment Bank, and returning investor Forward.One. (11. Jul.23)
🚀Treehouse, a San Francisco-based electrification company that delivers turnkey installations for home EV charging, announced $10 million in funding. The round is led by Montage Ventures and Trucks Venture Capital, with participation from CarMax, Assurant Ventures, Acrew Capital, Gutter Capital, Detroit Venture Partners, Holman, and Automotive Ventures. (9. Aug. 23)
🚀Torqi, a Brazilian fintech focused on agribusiness logistics, received a $12 million investment round led by Galapagos Capital. Allowing Torqi to explore new territories in the transportation market and improve credit and collection processes and policies. (12. Jul.2023)
🚀Turbi, a six-year-old, Brazil-based car-rental startup that allows users to book vehicles online, with doorstep delivery and pick-up service, has reportedly raised $16.4 million in funding led by EXT Capital, with participation from Solis Investimentos, Jive Asset Management, Banco Daycoval, TMF, and Oliveira Trust. (19. Jul.23)
🚀Voltpost, a New York City–based startup, closed a $3.6 million seed round led by RWE Energy Transition Investments with participation from Twynam Funds Management, Exelon Foundation, Good News Ventures, and Climate Capital, TechCrunch+ has exclusively learned. (24. Jul.23)
A piece of good news
🌎Yale’s most popular on-campus class in its 319-year history is now available for free online. “The Science of Well-Being,” which originated as a course at Yale and is now offered on Coursera, has garnered explosive popularity. The course is an adaptation of Professor Santos’ 2018 “Psychology and the Good Life.” It covers a wide range of amazing topics, including misconceptions about happiness, the reasons behind our poor expectations, how to overcome biases, identifying what truly makes us happy, and implementing effective strategies.
Where we’ve been
Where to find us next
🏎Mujeres en fondos de capital privado – AMEXCAP. (1. Sept.23)
🏎FEMSA Ventures Day. (20. Sept.23)
Work at our PortCos
👩🏻💻SDR – BusUp


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Another analyst cuts Microsoft Surface sales estimates
- Staff Puget Sound Business Journal
Another tech analyst has cut the number of Surface tablets he expects Microsoft Corp. to sell in fiscal 2013.
The Wall Street Journal's All Things D reports UBS analyst Brent Thill estimates Microsoft (NASDAQ: MSFT) sold just 1 million Surface RT tablets during the December quarter and Thill cut his previous estimate of 2 million RT sales in half and said he now expects Surface sales of 2.5 million units for all of Microsoft’s fiscal 2013. Last week, J.P. Morgan analyst John DiFucci also cut his Surface sales estimates. Microsoft hasn't yet revealed the number of Surface sales.
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Stobart on track despite fuel price rise
The Eddie Stobart trucking firm today shrugged off the fuel crisis threatening to cripple the industry and declared business is on track.
Stobart Group said profits will rise this year despite the soaring cost of fuel which has been driven up by record oil prices.
Lorry drivers have been protesting at the spiralling cost of fuel and recently brought west London to a standstill with a demonstration on the Hammersmith flyover. A litre of diesel now cost more than 130p.
But Stobart chief executive Andrew Tinkler today told shareholders: 'Despite the continued speculation of an economic slowdown and rising fuel prices, the group continues to trade in line with management expectations.'
He said he was confident profits will grow this year as the firm passes on the higher cost of fuel to its customers by charging them more.
Stobart has also moved into rail as it looks to use less fuel and cut costs and the 'wasteful empty miles' so many of its trucks make.
It recently signed a £15 m contract with Tesco to transfer goods around Scotland by rail as the supermarket chain tries to reduce its carbon footprint.
This year it bought James Irlam & Sons and WA Developments, which is now called Stobart Rail and is performing 'ahead of expectations,' according to Tinkler.
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Its really getting exciting now! AGAIN!
We have just found out that playstation will be hosting the Future of Gaming Stream on 12th june 2020 at 06:00am.
The event is being called ‘The Future of Gaming’ and Sony says it’ll last a bit more than an hour and showcase the games coming to PS5. Sony says the games coming to PS5 represent the best in the industry from innovative studios that span the globe, with both bigger and smaller studios taking the spotlight.


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When Sony launched its BRAVIA Internet Video service during the summer, it was lacking a couple of promised items, most notably the BBC iPlayer despite the logo appearing on the interface. SInce the summer the iPlayer has finally arrived on the system and today Sony announced it is adding rolling 24-hour news to the platform in the form of Sky News.
BRAVIA Internet Video allows you access online video entertainment direct from your sofa via your TV’s XrossMediaBar. As well as the IPlayer and now Sky News, you can access catch-up service Demand Five as well as online video portals YouTube and Daily Motion. There is a LoveFilm streaming service integrated, and there are other random channels such as a FIFA channel also - though following last week's decision we can't see many people wanting to look at this for some time.
Edward Uzzell, Proposition Development Manager with Sony UK said: “Sony is focused on providing the widest range of content on BRAVIA Internet Video and the partnership with Sky News allows us to deliver the news updates to viewers as it happens."
While the addition of Sky News to the service will undoubtedly please current users, it may not entice many others to use it as Sky News is pretty widely available as it is and is hardly a killer feature.


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By Nikki De Guzman: Blackstone Group recently announced it will buy a majority stake in 40 US shopping centres valued at US$1.1 billion, as it expands into grocery-anchored retail property.
Considered the largest real estate private-equity firm in the US, it will pay an estimated US$274 million in cash and about US$463 million in debt for a two-thirds stake in the properties spread across the metropolitan areas of New York, Washington D.C., San Francisco and San Diego. Selling the stake is UBS Wealth Management North American Property Fund.
Real estate investment trust Kimco Realty, the joint venture partner of UBS, will boost its stake to 33 percent from 18 percent. Kimco will pay approximately US$61 million in cash and undertake an additional US$104 million of the project's debt.
In 2011, Blackstone bought the US shopping centres of Australia's Centro Properties Group for US$9 billion and rebranded the company as Brixmor Property Group. Last year, Blackstone and Beachwood formed a partnership to buy 46 US malls for US$1.43 billion from a unit of Tel Aviv-based Elbit Imaging.
This latest deal was put together by Kimco and the UBS fund between 2005 to 2007. David Henry, Kimco's President and Chief Executive Officer, said the malls are "very high quality assets".
"We are happy to continue our role as the operating partner and should continue to be paid for that," he added.
Kimco owns stakes in 896 shopping centres globally. Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email firstname.lastname@example.org Related Stories: Hilton expands in India
CapitaMalls Asia posts strong results thanks to Asia's growth
Eastpoint to get major renovation
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Industrial prices soared in 2012: report
Malaysia hotel voted among most romantic
Commercial investment outlook in Asia Pac brightens
Asia becoming global hub for pharma industry


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General Atlantic appoints Ashish Saboo to lead new office in Jakarta
General Atlantic, the global growth equity firm announced the opening of a new office in Jakarta. The company also announced the appointment of Ashish Saboo as managing director to lead its operations and on-the-ground presence in the country.
“The opening of our Jakarta office marks an exciting milestone in General Atlantic’s history as we deepen our presence in Southeast Asia, a market that has increasingly opened its doors to international partners,” said General Atlantic chief executive officer Bill Ford in a statement.
General Atlantic made its first investment in Southeast Asia back in 1999 and has since invested over $200 million in five companies. The company has three portfolio companies in the region, including PT MAP Boga Adiperkasa, a leading food & beverage retailer; Sea, one of Southeast Asia’s largest internet and mobile platforms for entertainment, e-commerce, and digital financial services; and ZIMMERMANN, a global luxury fashion brand.
“We have a long track record of investing in emerging markets and we firmly believe that the most effective way to build partnerships with the most promising growth companies is through having a presence on the ground,” said Sandeep Naik, Managing Director and Head of India & Asia-Pacific at General Atlantic. “Under the leadership of Ashish, we look forward to meeting the best entrepreneurs that Indonesia has to offer.”
Saboo joins General Atlantic from CT CORPORA, a diversified Indonesian-based holding company, where he led business development for the firm over last 12 years to make it one of the leading diversified consumer players in Indonesia.
Prior to his stint with CT CORPORA, Ashish was an executive director at PwC, based in Jakarta, for almost 10 years. He is also a cofounder a global service platform for interior and lifestyle solutions, Mansionly.
“Indonesia is a growing incubator for entrepreneurs and I believe that General Atlantic, as a long-term investor with a deep understanding of the fundamentals of growth, has an investment philosophy which is well-aligned to the significant opportunities that exist here,” said Saboo.


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The latest auto startup to make a splash at CES is Byton, and tonight the new company unveiled its first vehicle: an electric crossover-looking thing that will launch in 2019 and start at around $45,000, the companies co-founders said. It will also have what Byton described as the “world’s first coast-to-coast display.” It’s 49 inches across the front center console. This was Byton’s big reveal, and, I have to say, I came away impressed—if they can follow through.
The car will be built at Byton’s massive manufacturing plant in Nanjing, China, and its launch, Byton said, will be “global” off the bat—which means for the Chinese market, but also (probably) for the U.S. and Europe as well.
Let’s get to the specs, or at least the ones they revealed during the launch event: The car is 191 inches long, 65 inches tall, and 71 inches wide. An all-electric, its range on the base model is 250 miles, and Byton says its battery can charge 150 miles worth of range in just 20 minutes, and 80 percent of the battery’s total charge in 30 minutes.
Overall it’s nice on the outside, if, like most of these tech startup crossovers tend to be, a bit indistinctive. Unique design doesn’t seem to be their thing quite yet.
You’ll notice that there are a lot of screens—the giant screen in front, but also two screens for rear passengers, and a screen on the steering wheel, all of which Byton says is meant to be something like a smartphone on wheels. Integrated with a customized version of Amazon’s Alexa service, the car can also monitor your heart rate and blood pressure to better inform you about your health.
The car will be Level 3 autonomous at launch, the company said, and will have the platform to be Level 4 at launch as well, if not there quite yet.
In development for two years, one of the more interesting features about the car is its lack of side mirrors—instead, it has tiny cameras, which will show you what you need to see on the giant console. Sedan and MPV concepts will also be coming, though the Byton founders did not specify a date.
It’s now up to Byton to prove that they can bring this car to production. After the debacle that has been Faraday Future (whom we will supposedly hear more from at CES, and whose employees have actually fled to Byton in recent months) it is natural to be skeptical of these Chinese-backed EV startups and their ambitious technology plans. We’ll see!
Oh, and I was wrong about the name—it’s pronounced “bite-in,” despite being inspired by the phrase “byte on wheels.” We can’t have everything.


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Tyre makers are upbeat about the demand stemming from the replacement of tyres in the second quarter and reckon that original equipment (OE) sector will take more time to recover.
The Federation of Indian Cashew Industry in a letter to the Centre has said around 15,000 tonnes of cashew kernels valued at Rs 9,000 crore are stuck in different stages of processing at the factories across India due to the lockdown. It noted that though food processing has been declared as an essential service, many state governments have not given the permission to operate cashew units.
In the absence of trading and market auctions, the farmers are finding it difficult to sell their produce, resulting in the piling up of vegetables and fruits at several places. Kerala government has actively reached out to farmers and consumers and has announced a Rs 20,000 crore relief package, including free distribution of essentials to the people.
A total of 124 patients have recovered and been discharged from hospitals in Kerala, while 237 persons are under treatment as of April 10.
The South Indian tea industry is expecting an output decline in the first six months of 2020 due to the Covid-19 impact. Most of the tea estates concentrated in Tamil Nadu and Kerala are not operating since the lockdown from March 24.
The latest report of The Association of Natural Rubber Producing Countries (ANRPC) said the increasing worries of global recession will continue to dominate the sentiments of natural rubber (NR) market during April 2020.
Prices of potato, dairy items and meat may rise further with cold storages running out of refrigerants. The poultry industry is in distress as they are unable to get feed for birds. Retail chains said customers continued to hoard, leaving very low stocks of staples like atta, poha, rajmaand packaged food like biscuits and instant noodles.
Kerala food and civil supplies minister P Thilothaman said at a press conference in Thiruvananthapuram that only five persons will be allowed at a time in a retail ration outlet as per the social distancing norms. Each dealer could introduce a token system to avoid crowding of card-holders.
Coffee exporters have sought the Centre's help to tide over the liquidity crunch they are facing due to the disruption in exports. Italy and Germany - principal buyers of Indian coffee are under lockdown after becoming hotspots for Covid-19.
The price of sheet rubber was around ₹135 per kg last week despite low availability
- No blogs yet have been written by the author, we’re sure the author will contribute one soon


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Hyundai Motor Company increased its brand value by 2021 percent in 6, bringing it to a total of $15.1 billion. same zamRanking among the top 30 brands in the world at the moment, Hyundai has thus strengthened its capabilities in the automotive world in a way that customers value and care about. Receiving awards and accolades from independent organizations around the world, Hyundai has improved in terms of brand value for seven years and has remained the same. zamAt the same time, it continues to take serious steps towards the future with its fast solutions in the field of mobility.
The brand's production of environmentally friendly electric models and smart mobility applications contributed significantly to this significant increase, which was recently announced by Interbrand. same zamAt the same time, advances in carbon neutrality and hydrogen fuel cell vehicles by 2045 have also helped elevate the brand.
Hyundai Motor Company is launching a smart city construction project to showcase the smart mobility devices and services of the future. zamAt the moment, this human-centered, nature-friendly residential area also deals with urbanization problems such as heavy vehicle traffic and environmental pollution in the city. This concept, called Urban Air Mobility (UAM), aims to use robotic and autonomous electric vehicles extensively in the future. In addition, Hyundai, which foresees the daily use of air taxis until 2030, collects the rewards thanks to these plans and strategies. zamby the authorities at the same time zamis rated at the top.


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The New Yorker, May 10, 1982 P. 33
Talk story about the Ford Motor Company plant in Northville, Michigan, which Ford had closed, supposedly for good, late last year. On St. Patrick's Day this year, Ford announced the reopening of the plant. The town had gotten a lot of attention when it was revealed that the ducks in the pond next to the plant were being fed by Ford at the same time the company was firing workers. Northville's mayor, Paul Vernon, told writer that the town has always had concern for the ducks and that after the plant closed down in December, the city took over distribution of the grain for the ducks, as well as about 800 Canadian geese. Writer visited the factory, a valve plant (the last of Henry Ford's old "paddlewheel" plants to remain in operation), and was guided by George Antoine, a Ford industrial-relations specialist. The plant never had quality problems, he said, but its utility dwindled due to external factors. Writer met Norman Fultz, president of Northville United Automobile Workers local. He said that when Ford had announced plans to close the plant, workers raised $3 million and offered to buy it. Ford turned them down. Now it's not clear what will be produced in the reopened plant. In Detroit, writer spoke with Donald Ephlin, the U.A.W. vice-president in charge of Ford. He explained how Ford and General Motors had been renegotiating their contracts at the same time. When Ford learned of a proposal for union concessions to G.M., they were outraged, but began negotiating with the U.A.W. along similar lines. Ford workers agreed in February to make sacrifices in return for job-security and income-security measures, and Ford promised to try and reopen the Northville plant. Mr. Ephlin says that the decision may have been made to take revenge on G.M. officials. During the subsequent G.M. labor negotiations, G.M. agreed to keep open four out of seven plants it had planned to close.


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British Airways is offering travellers flying out of Hong Kong discounted fares to Europe across all classes for flights booked before midnight on November 28 this year.
The promotion applies for flights all the way until June 30, 2019 and also includes a 5 per cent discount when purchasing two or more tickets.
Additionally, members of the airline’s Executive Club frequent flyer programme will be able to accrue double the usual Avios points for flights booked and flown before the end of 2018, in line with the airline’s ongoing promotion.
Checking the airline’s booking site, Business Traveller has been able to find fares of HK$66,350 (US$8,470) for a return trip in 2019 in first class, including taxes and fees.
Return fares in business class are available at the time of writing for HK$35,800 (US$4,570), while premium economy and economy fares are up for HK$12,410 (US$1,584) and HK$5,010 (US$640), respectively.
That being said, the offer extends to flights beyond just London Heathrow to other destinations in Europe, notably Paris, Venice, Vienna, Prague and Amsterdam.
British Airways flies twice daily between London and Hong Kong, with one flight operated by its Boeing 777 and the other its Airbus A380 superjumbo.


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The Tea Planet’s CEO Srinivas Ganadinni in speaking out on the forthcoming annual Indian central government budget, says the industry is looking forward to the proposed Tea Promotion and Development Act of 2022 in the coming year. He says the Tea Act of 1953 has lost relevance in today’s global context. He feels that the union budget should introduce new objectives so that the tea board can act as a facilitator for optimizing the development, promotion, and research in the tea industry. Other commentators have also said that this budget should have a vision that speaks about the next five to ten years, particularly in the context of potential exports.
According to Ganadinni, “Indian tea has a large demand in export markets, but we are still ranked fourth in the [global tea] industry. Hopefully, this budget will make it easier to promote Indian teas on the global market through international trade shows by providing trade fair subsidiary schemes to large, medium, and small scale industries that are currently exporting. This will invariably help build a resilient ecosystem for these sectors that will bolster our overall growth. Additionally, industries that are into the second line of packaging and contributing to value addition to the tea industry should be encouraged and subsidies should be given to enable infrastructure upgrades that will encourage exports to world markets.
“For F&B and restaurant business, GST input should be revived which will help the industry to move at a faster pace,” adds Ganadinni. He suggests that the government should think of some insurance mechanisms or business interruption insurance policies as there are in other countries. “The reason being the risk of business today is completely different compared to a decade ago due to increased disruption in the industry affected by factors like pandemic and cyber thefts.”
Ganadinni is the founder of The Tea Planet, a franchise chain that sells various blends of tea found globally by sourcing the finest ingredients from all over the world. He has the experience and vision for the tea industry which sees that this is one of the potential goldmines of the Indian food, processing and packaging, and marketing economy. It requires an all-sided approach in which the obstacles are removed to innovate and entice tea drinkers worldwide with better branding, marketing and packaging, and business structures which he speaks about as the current realities that need to be confronted by the Indian tea industry.


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Two Phoenix-area businesses are heading to Bentonville, Ark., to pitch their made-in-Arizona products to the world’s largest retailer.
They join more than 450 entrepreneurs from 46 states, Puerto Rico and the District of Columbia who’ve been invited to Walmart headquarters this week to participate in the company’s Open Call event – an annual opportunity for local startups and entrepreneurs to pitch their products to Walmart buyers. Deals will be signed on the spot.
Ahssa Foods – a Mesa-based purveyor of gourmet, healthy and flavor-packed cooking sauces, is a quintessential American Dream story.
Owner Kay Weldon emigrated to the U.S. in 1973 from Korea, overcoming financial, language and educational barriers to raise a family and launch a business.
A proud grandmother, Weldon’s love of family comes through in her product. She notes that her son and daughter helped launch Ahssa, named after the Korean slang term for “awesome,” and the label used on all of her sauces was designed by her 9-year old grandson.
Now, she has the opportunity to share her product and passion with Walmart buyers and – hopefully – families across the country.
“My vision is to become nationally recognized as a compelling and delicious contender in the sauce and condiment market,” Weldon said. “I am grateful to Walmart for the amazing opportunity to attend this year’s Open Call. I moved here 45 years ago with little more than a skill, a dream and the drive to make it happen. Now, I’m one step closer to working alongside the largest company in the world. Stories like mine are what this event is all about.”
Joining Ahssa Foods is another Phoenix-based company with deep Arizona roots: GoodFibers LLC.
A 3rd-generation family business, GoodFibers hopes to land its wet wipe products on Walmart shelves. The company – founded in 1958 as Milyon, a global pioneer of nonwoven textile technology – today prides itself on being a one-stop, full-service provider of wet wipes for every use.
CEO Mauricio Menache knows a successful pitch could mean the deal of a lifetime.
“The retail landscape is often difficult to navigate and involves different buying groups for each category we play in,” said Menache. “Being able to meet all the buying options for our specific categories in one day, at the world’s largest retailer, can be game-changing for a family-owned business like ours.”
Attendees at this year’s Open Call could secure deals ranging from a handful of stores in a local market, to supplying hundreds or even thousands of stores, Sam’s Club locations and Walmart.com.
In 2017, Wild Tonic – a kombucha brewer based in Cottonwood, Arizona – landed a Walmart deal at Open Call. Wild Tonic became available on the shelves of Walmart locations across Arizona and New Mexico.
Open Call is part of Walmart’s 10-year commitment to purchase an additional $250 billion worth of products made, sourced or grown in the U.S. Last year, Walmart spent $1.5 billion with Arizona suppliers, supporting more than 25,000 Arizona jobs.


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UK: Peacock Cuts FY Forecast On Poor Bonmarche Sales
Value clothing company Peacock says a disappointing performance by its Bonmarche chain has forced it to slash its annual profit prediction by £4 million.
Group like-for-like sales over the Christmas period increased 3.4 per cent compared to 4.8 per cent last year, but like-for-like sales at the company's Bonmarche division dropped 8.5 per cent.
Net group sales increased 12.5 per cent in the period.
Third-quarter like-for-like sales within the core Peacocks business increased 9.2 per cent compared to 5.8 per cent in the year-before period.
Group like-for-like sales within the third quarter increased 3.4 per cent compared to 4.8 per cent in same quarter last year.
The group opened 14 new Peacock stores in the third quarter and seven new Bonmarche stores.
The Peacocks group also said that Jennifer Greenacre has been appointed as buying director of the Bonmarche chain, which caters for women aged 45 and over.
Greenacre joins the company from BMB Apparel and was previously commercial director at Tesco's Hungarian clothing, footwear and home textiles division.
Safeguard action by the US and EU against soaring Chinese clothing and textile exports has been fuelled by strong lobbying from domestic manufacturing trade groups. But how effective are these moves t...
Wal-Mart is famous for its everyday low prices. The world's largest company continues to dramatically transform the retail landscape by exploring new growth avenues, selling new categories of merchand...
Supermarket giant Tesco has reported an 11.5% rise in sales for the Christmas trading period, helped by strong results in non-food categories including clothing....
UK supermarket giant Tesco is suffering from the recent restrictions placed on EU imports of Chinese goods, but will continue to rely on China as an increasingly important clothing supplier....
Supermarket giant Tesco has appointed Terry Green, ex-chief executive of the collapsed Allders chain, as head of its clothing division....
The ex-boss of collapsed department store chain Allders is in discussions to take over the lead of supermarket giant Tesco's clothing division, according to a report in The Sunday Times newspaper....
Value apparel company The Peacock Group says it has benefited from consumers leaning towards the budget end of the market, posting a 6.9 per cent rise in full-year profits to £38.5 million. ...
Non-food sales in grocers, which includes clothing and footwear, have increased nearly 60 per cent over the past five years - but this is just the tip of the iceberg according to new research....
- How M&S plans to revamp its clothing business
- The difference between compliance and safety?
- Yarn-forward rules weigh on Vietnam TPP potential
- Footwear to see "significant" gains from TPP
- Is China really going through a slump?
- Gap accused of rights violations in supply chain
- US Q1 in brief – Guess, Burlington Stores, Sears
- M&S to see "departure" of sourcing chiefs?
- Adidas Speedfactory eyes large-scale production
- H&M, Inditex and Nike rated supply chain leaders


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ZTE are one of the largest cell 'phone manufacturers in the world, ranked fourth across the world but their penetration in the United States market is much less than this: they're not in the top five recognised brands! However, things are changing because compared with 2013, ZTE has tripled it's marketing budget for the United States of America and according to the Chief Executive Officer, Lixin Cheng, in a review with the Wall Street Journal, is starting to see dividends. Lixin says that ZTE are confident that they are finding the right recipe to build a brand and make consumers aware of their smartphone business. Lixin said: "The rule of our marketing investment is that, we invest in anything that can create direct interactions with consumers, either through social media or other digital media. That's why we are working with NBA teams with a focus on social media and digital media." He acknowledges that the larger Korean brands (without naming them, we believe he was referring to Samsung and LG) are spending a lot of money everywhere, but ZTE are taking a different approach. "Being a low-cost Chinese manufacturer can be a disadvantage but it can also be an advantage. People know that we can provide good products at affordable prices," he said. This makes perfect sense: ZTE do not have the marketing clout to take on Samsung, but one of the problems with Samsung's massive marketing budget is that their products and advertisements are so prevalent, they start to become the background!
Lixin talked about ZTE's new agreement with the New York Knicks, which has given the brand extensive presence inside Madison Square Gardens. The deal includes access to the big screen inside the arena and digital signage outside. It's expected that 600 million people will pass by the arena every year. "With Houston Rockets, we have already sold official Rockets smartphones made by ZTE. We have also featured some of the players in our promotional campaigns." Now of course, ZTE has some work to do to boost direct sales to US customers but has only started pushing its own brand smartphones earlier this year. Lixin alluded to this by explaining that ZTE was in the long haul; they have to tread carefully because they have spent years building up relationships with all of the larger carrier and several of the smaller carriers, too. "We need to be in every single important market worldwide. And the U.S. is the leading telecom market in the world. We cannot ignore this market. You cannot claim that you are a leading smartphone vendor in the world unless you have a significant foothold in the U.S."
ZTE's origins in the developed market of manufacturing handsets for carriers reminds me of how HTC started out. Even as far as branching out into other operating systems as they are to be one of Microsoft's newer Windows Phone partnerships. Let's hope that they can learn from HTC's mistakes, but meanwhile what do our readers think of their products? Do you like their verve with low cost combined with solid specification?


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First Indoor Snow Centre For Nearly 20 Years Opens in Indonesia
Indonesia, which was one of the first countries to get a (short-lived) indoor snow centre back in the early 1990s, now has indoor snow again.
Trans Snow World opened on Sunday, March 24th in a shopping mall at Bekasi, a city of nearly three million people in West Java, and is located only a few hundred meters away from Bekasi Station for easy access from other parts of the country.
The centre contains 6,500 square-metres of indoor snow slopes and can accommodate up to 1,000 visitors at a time. The centre is now open from 9am to 11pm daily and users can buy two-hour access tickets at the door or online.
The complex uses technology from Italy, Germany, China, South Korea and Japan the operators says and features an indoor double chairlift.
Indonesia last had an indoor snow centre between 1996 and 2000 known as Waterfront City, located near the city of Batam. It gave the opportunity to ski on a very short snow slope in the morning then swim at a tropical paradise beach resort a few minutes later, year round.
The complex, located 23km south of Singapore, was part of a short-lived shopping and leisure complex where you could also go karting, bungee jumping, jet-skiing and paintballing but closed when a recession hit.


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On the evening of November 25, 2019, MediaTek officially announced that it has launched a 5G modem cooperation with Intel. Based on the cooperation between the two parties, MediaTek and Intel will deploy 5G solutions in key consumer and business notebook computer markets.
On the evening of November 25, 2019, MediaTek (hereinafter referred to as: MediaTek) officially announced that it had launched a 5G modem cooperation with Intel. Based on the cooperation between the two parties, MediaTek and Intel will deploy 5G solutions in key consumer and commercial notebook computer markets. . It is reported that OEMs including Dell and Hewlett-Packard will cooperate to launch products as soon as possible, and the first terminal products are expected to be launched in early 2021.
Guanguan Zhou, General Manager of MediaTek, said: “MediaTek and Intel jointly develop 5G modems for personal computers, which will become an important part of the promotion of 5G. Its applications will cross home and mobile platforms. 5G will open a new era of personal data computing. The cooperation with industry-leading Intel this time highlights MediaTek’s ability to empower 5G technology in the global market. Thanks to the cooperation between the two parties, consumers will be able to browse the web faster, enjoy streaming media and play games on their personal computers. , MediaTek through 5G will achieve more innovation than expected. “
MediaTek ’s new 5G personal computer modem is based on the previously released 5G modem Helio M70, a key part of MediaTek ’s first 5G flagship smartphone system single chip.
Gregory Bryant, Intel ’s Executive Vice President and General Manager of the Client Computing Group, said: “5G is expected to unlock a new level of computing and network connectivity and will change the way we interact with the world. The cooperation between Intel and MediaTek combines deep technology system integration Work with networked engineering experts to bring the next generation of the world’s best personal computer to the 5G experience. “
This cooperation with Intel has once again verified MediaTek’s industry leadership in promoting 5G popularization in consumer electronics such as mobile, home and automotive. MediaTek has long been committed to the research and development of 5G technology, actively participating in international organizations setting 5G standards, and working with industry-leading partners to build the 5G industry ecosystem.


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October 13, 2023 | 18:00
Garments and textiles firms are focussing their investment on 'greening' their production processes to position themselves for the upcoming recovery period.
October 03, 2023 | 17:22
The textile and apparel sector is making efforts to recycle input materials to reduce waste while preserving natural resources, although barriers persist.
August 30, 2023 | 15:43
The garments and textiles industry is showing signs of improvement as recovery in key export markets leads to a boost in orders.
July 17, 2023 | 09:08
Many producers in the textile apparel sector are on tenterhooks as export orders are increasingly shifting to other countries like Bangladesh or India for more favourable pricing.
July 03, 2023 | 08:51
Businesses in the textile apparel sector face critical times amid sinking domestic and global demand, and a heavy drop in export processing fees.
April 28, 2023 | 16:26
The garments and textiles sector is being cautious in its outlook for 2023 amid diminishing total demand and rising inventory.
February 22, 2023 | 16:34
Vietnam's textiles sector could be facing brighter prospects this year as local producers aim to meet the growing demand for clothes in the international market.
June 02, 2022 | 14:33
So far this year, Vietnam’s exports to the EU have continued to flourish reaching $13.4 billion in export surplus, showing a 47 per cent jump on-year.
May 23, 2022 | 09:11
The US the EU, and Southeast Asian markets have all bolstered their imports of textiles and footwear from Vietnam, sharply boosting the export value of these sectors in the year to date.


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Some of Wales' top medal hopeful have sported a brand new look as Under Armour were announced as the official provider of the Commonwealth Games Wales kit for Glasgow 2014.
Jazz Carlin, Sean McGoldrick, Aled Davies and Charlotte Carey sported the kit which featuring the red, white and green colours of the Welsh flag, Under Armour will supply the leisure wear clothing for the Welsh athletes looking to bring sporting glory back to the nation next year.
Shown off at a recent kit fitting session in Cardiff, for those athletes aiming for selection for next year, Chris Jenkins, CEO of Commonwealth Games Wales, said;
“The kit that athletes and support staff will wear for the duration of the Games is one of the most important elements of our preparations. We want to ensure that athletes feel both comfortable and proud to wear the kit and we’ve definitely got it right with Under Armour.
“We’re delighted to have received the backing of Under Armour, who already have a fantastic reputation in Wales as the official kit provider for the Welsh rugby team.”
Under Armour are supporting Wales via their UK supplier, Newport-based Total Teamwear. The selection of athletes to represent Wales will be made by the Commonwealth Games Council for Wales between now and June of next year.


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SYDNEY’S watering holes are setting a new high bar, with the popularity of top venues growing — and no ceiling in sight.
17th Nov. 2018 7:11 AM
FIRST came the plastic bag ban. Now, Coles is under fire again for barring trolleys from some self-serve check-outs.
18th Sept. 2018 1:09 PM
LAST Friday night I was told I could not drink a cup of water out the front of a bar. The following night I was evicted...
28th Jan. 2018 3:01 PM
A DESIRE to own their own piece of local business has driven Andrew and Rhonda Satterthwaite to save an iconic Sunshine...
09th Jan. 2018 11:01 AM
DON’T click your fingers and never pinch a barmaid’s bum are the simple tips being given out this Bartender Appreciation...
01st Dec. 2017 10:12 AM
A BUSINESS boom is under way just metres from the Coast's future new CBD with a swathe of businesses about to open.
07th Sept. 2017 12:09 PM
From the heart of Cairns and up the coast, this is one beer trail worth following
25th July 2017 8:07 AM
A NEW Cuban-style beach club is set to breathe life back into a Sunshine Coast tourist strip one cocktail at a time.
24th July 2017 4:07 PM


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All The RageJoan Rivers had still another cosmetic procedure -- her 734th, apparently. Juliette Lewis' publicist says she is not the woman having sex with famed fashion photographer Terry Richardson in a photo that's making the rounds on the Internet. And Mary-Kate...
All The RageLingerie brand Etam lit up the Paris runways with a gathering of rock divas. Cynthia Nixon debuted her bald head, shaved for an upcoming role; Tim Gunn revealed he has been celibate for almost three decades and Jessica Alba launched a website for...
The Dish - Orlando SentinelEvery year it makes its entrance like a model on a fashion house runway. From its stylish, vibrant green cap to its rosy complexion, the strawberry is a head turner along roadside stands and in supermarket produce bins. As berries go, it's one of the...
LA Times MagazineThe legendary house of Verdura re-creates Hollywood’s golden age with a line of jewelry that tips its hat to the beauties of yore....
Skirts were long and minimal at the BCBG Max Azria show at Lincoln Center on Thursday, but the mood among celebs in the front row was far from somber. Grammy award winner Kelly Rowland looked super sweet in a floaty coral mini, while Taraji P. Henson and...
This week, Monique Lhuillier joined the ranks of designers cinching sweaters, skirts, dresses and coats - and the result was some serious curve-hugging style. But if the designer had an opportunity to dress Kate Middleton for the upcoming royal wedding,...
Jan 26, 2012 | Los Angeles Times
Jan 25, 2012 | Los Angeles Times
Jan 19, 2012 | Orlando Sentinel
Nov 3, 2011 | Los Angeles Times
Feb 10, 2011 |Story| WPIX-LTV
Feb 15, 2011 |Story| WPIX-LTV
Original site for Fashion Shows topic gallery.


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ProgrammableWeb tracks the latest API news to keep you on top of the API economy
Searching: No Search Term , Filtered By Category: "Sports", Category: "Sports", Category: "Mapping"
The Google Maps team unveiled a Maps API checker that uncovers API pitfalls. The checker functions as a Chrome Extension and displays identified issues in a browser's address bar.
Digital maps and mapping platforms are very popular these days. This article features the top 10 most popular mapping APIs on ProgrammableWeb.
This article features companies that sell wearable electronics designed for consumers interested in personal health, fitness culture and quantified self.
Within days of the Super Bowl, researchers at mobile gateway provider Wandera have apparently discovered a severe vulnerability in the National Football League's mobile app.


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Beijing is standing at a crossroads with more hotels needed to cope with the
massive influx of sportsmen and tourists for the Olympic Games in 2008, city
officials said on Friday.
Vice-Mayor Zhang Mao called for more low-cost hotels to be built in time for
the Games, which are expected to attract more than 100 million visitors to the
Speaking at a hotel development workshop sponsored by local tourism, commerce
and investment promotion authorities, Zhang, a deputy executive-chairman of the
Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG), said:
"Lodging capacity is a first-line touchstone to measure any host country's
performance in the Games."
Some 35 hotel investors, financial institutes, world-leading lodging
operators and real estate giants attended the workshop.
It is estimated that about 4.6 million overseas visitors and 96 million
domestic tourists will come to Beijing in 2008, both to see the Games and tour
the city while enthusiasm for the capital and the country's 5,000-year-history
reaches a new high.
Around the Games period, 1.44 million visitors, including 250,000 foreigners
are expected to arrive.
At least 800 star-rated hotels providing around 130,000 rooms will be needed
to accommodate the influx. However, Beijing currently has only 658 star-rated
hotels, with a total of 109,000 rooms and 200,000 beds. Besides that many of the
city's non-rated hotels will need urgent renovation to meet the lodging
Du Jiang, director of the Beijing Municipal Tourism Bureau, said he was
ambitious about the chances of improving the overall operating level of the
Lin Shan, deputy director of the China Tourism Association, said: "The Games
present a great chance to boost the management and service standards of
Meanwhile, foreign hotel chains have been steadily buying into the Beijing
market, purchasing hotels and merging with local hotel companies.
US-based Touchstone Hotel Investments Ltd launched a 200 million yuan (US$25
million) deal on Friday to reshape lodgings affiliated to the Beijing Patriotic
Li Ming, president of the company's China branch, is optimistic about the
huge potential for developing an economy hotel chain in Beijing.
Economy hotels' share of the business market is greater than 70 per cent in
most developed countries. In China however it is still at the start-up stage,
with huge potential for growth, Li said.
Economy hotels are rapidly becoming popular among businessmen, self-service
tourists and some package tours.


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Something borderline amazing happened to me last weekend… a couple arrived at my house wearing matching smartwatches. I consider that amazing because these smartwatches were only the second and third I've ever seen on the wrists of real people in the wild. The first was at a tech conference over the summer, and that one turned out to be a freebie from the Google I/O conference. And I live in San Francisco, the de facto capital of the tech world.
I’m actually very interested in buying and wearing a smartwatch, but I still haven’t found one that meets my relatively modest list of needs:
- The ability to tell the time without pushing a button
- Activity tracking
- Sleep tracking
- Ability to read alerts, message header, and texts
- Full-day battery life
- Compatibility with iOS and Android smartphones
- At least as stylish as a mid-level traditional watch, without announcing itself to people 30 feet away
Like many people, I had high hopes for the Apple Watch, but the company’s fall announcement brought with it mixed reviews. And more to the point, unlike most Apple hardware announcements that are quickly followed by product availability, the actual product launch won’t happen until 2015.
In the meantime, I was excited by initial reports of the Microsoft Band and FitBit Surge. I hoped that the Band would deliver smartwatch functionality in a cool, fitness band form factor. But reviewers have found the device’s design clunky and awkward to wear, while many of the functions don’t seem to work properly. I still like the idea of a fitness band that functions like a smartwatch, but I’m still waiting for someone to deliver a device that meets those expectations.
I’m also still waiting for the FitBit Surge, which seemed like it could address the issue from the other direction, bringing fitness band features to a fairly attractive smartwatch form factor. Alas, the Surge won’t be out in time for the 2014 holiday season either.
Put it all together and the smartwatch hype has so far delivered… not much except more hype. When it comes to smartwatches, 2014 has been an epic fail. With apologies to Samsung Gear, the Moto 360, the Pebble, and others, there really isn’t a single smartwatch I’m interested in wearing—and I’m really interested in wearing a smartwatch.
I don't believe I’m the only one facing this conundrum, which is why I think smartwatch makers blew a huge opportunity this year. The delays and disappointments mean that I’m now considering giving up and buying a new traditional watch (or asking for one as a holiday gift… hint, hint), which would likely take me out of the potential smartwatch market, at least for the foreseeable future.
I’m hopeful that 2015 will be the year that smartwatches finally rise from the dead to become viable options for mainstream consumers, but for now, smartwatches are dead to me.


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Apple’s Cheapest iPhone 15 Faces High Demand and Longer Delivery Times
Apple Inc.’s basic iPhone 15 model is experiencing a surge in demand, with delivery times almost doubling compared to its predecessor. According to data from Counterpoint Research, buyers in the US now have to wait 10 days to receive the basic model, up from six days for the previous generation device launched last year. The top-tier iPhone 15 Pro Max has also seen record pre-order waiting times.
The increased demand can be attributed to significant upgrades in both models, driving renewed interest among consumers. However, this surge in demand has come at the expense of Apple’s other options, such as the 15 Plus and 15 Pro, which have seen diminished wait times.
In China, Apple’s biggest overseas market, wait times for the basic version of the iPhone 15 have quadrupled compared to last year. This suggests that Apple is attracting buyers even in the face of competition from rival devices like Huawei Technologies Co.’s highly touted Mate 60 Pro. The Pro Max variant remains the most coveted iPhone in China, with long delivery wait times reflecting its popularity.
Despite the extended delivery times, the researchers have found that resale prices have not significantly increased. Scalper prices in China command only moderate premiums, indicating that demand may be driven, at least in part, by people trading in their existing devices.
Counterpoint’s Ivan Lam highlights the trade-in program as a pivotal factor in reducing psychological barriers for those considering a new phone purchase. In a year marked by declining smartphone demand, the trade-in program has become an increasingly vital contributor to Apple’s market dominance.


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Bloomberg claims that Microsoft has received a statement of objections from the EC earlier in the week, according to unnamed sources familiar with the matter. This list of concerns is part of an ongoing investigation, the results of which are due on April 11.
Simply stated, this statement outlines "potential reasons" to block the Activision Blizzard takeover unless certain concessions are made. The way the story is phrased though, it does suggest that the EU is open to negotiation and Vole has already said that it is ready to offer concessions to the EU.
Details are unclear what the objections include, but the EC is generally worried that the deal could reduce competition in the market and give Microsoft a stronghold in the mobile and cloud gaming sector.
Microsoft has been trying to assure regulators that it does not plan to restrict competition or reduce access to games. It has already promised to bring Call of Duty to the Nintendo Switch and offered to keep the franchise on PlayStation for at least the next 10 years.


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Habasit completes Ga. site expansion
SUWANEE, GA. Conveyor belt manufacturer Habasit America has brought its Suwanee operations under one roof with a multimillion-dollar expansion at its 25-acre site.
The company recently built a 290,000-square-foot addition and moved in its main office and fabric production from a nearby, leased facility. The expansion includes an automatic storage and retrieval system in the modular fabrication area. The company employs 250 at the site.
Habasit built a 50,000-square-foot building in 2000 and was known originally as Habasit Belting LLC, a plastic modular belt assembler. It changed its name in April 2008 to Habasit America.
The company makes conveyor, plastic modular, seamless, power transmission and timing belts.
Habasit mostly does fabricating and assembly in Suwanee. A sister facility in Vittorio Veneto, Italy, supplies plastic modules and sprockets to the Georgia facility. Habasit America is a unit of Habasit Holding AG of Reinach-Basel, Switzerland.
Dow sells two additive lines to HallStar
CHICAGO HallStar Co. of Chicago has acquired a pair of plastic additive businesses from Dow Chemical Co. for an undisclosed price.
The product lines acquired are Dioplext-brand polymeric plasticizers and Rezilubet-brand polymer additives. The purchases include customer lists and formulations, but no machinery, real estate or other hard assets, a HallStar spokesman said.
Dioplext additives are used in food wraps, self-adhesives, electrical tape and industrial hoses and tubing. Rezilubet additives are used in lubricants for biodegradable lubricant base stocks. The products are natural additions to HallStar's specialty ester technology, HallStar President John Paro said in a May 4 news release.
Gordon Alderley, systems house director for Midland, Mich.-based Dow, said in the news release, HallStar has years of experience in the development and manufacture of polymeric esters. There should be no disruptions in supply, officials with both companies said.
HallStar supplies polymer additives and ingredients for personal-care products. The firm employs 200 and posted sales of $135 million in 2008. Dow ranks as one of the world's largest plastics and chemical makers, with 2008 sales of $57.5 billion.
Priamus, PlantStar combine controls
SOUTH BEND, IND. The makers of two injection molding process-control systems have teamed up to offer both of their products together.
Syscon-PlantStar of South Bend is joining its PlantStar production and process-monitoring system with the cavity-pressure and temperature-control system from Priamus System Technologies LLC of Brunswick, Ohio. The combination will allow molders to incorporate cavity and temperature data into a system providing both historical and real-time information, executives said in an April 6 news release.
The combined technology was first offered to medical molders, but now is expanding to all injection molding applications that require tighter control and better production tracking.
Sabert eyes growth as it fills up plant
SAYREVILLE, N.J. Sabert Corp.'s newest U.S. molding facility has been open not quite a year, but the thermoformer already is considering the potential for future expansion on the 72-acre Kentucky site.
The $35 million, 250,000-square-foot plant in Hillview, Ky., employs about 100 people thermoforming and extruding disposable platters, bowls and containers for the food-service market.
Hillview joins molding operations at Sabert's headquarters in Sayreville and in California, Belgium and China. The new plant, which opened in June, provides a central location as well as needed capacity, Chief Financial Officer Gary Ziznewski said in a May 8 telephone interview.
Kentucky Gov. Steve Beshear took part in the official grand opening May 7 in Hillview. The state's Economic Development Finance Authority provided $2 million to help finance the plant.
Sabert officials said they expect to expand on the large site, adding both capacity and employees, but said that it is too soon to discuss details.


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The first edition of GITEX AFRICA Morocco 2023 is scheduled from May 31 to June 2, 2023 in Marrakech. Organised by the Digital Development Agency (ADD), a strategic public entity leading the Moroccan government’s digital transformation agenda under the authority of the Moroccan Ministry of Digital Transition and Administration Reform.
According to a press release received by industrie du Maroc magazine, this global digital and technological innovation event will gather institutions, investors, start-ups, academics, and opinion leaders in particular, with the goal to discuss advances in new technological trends and identify future opportunities.
The same press release stated that this ambitious initiative will enable free movements of products, people and capital while harnessing technologies to stimulate job creation, transform societies, and reduce inequality.
Specific high-level panel sessions will cover crucial topics from the state of play in Africa’s digital economy and fast tracking integrated and inclusive Digital Public Infrastructure, to amplifying Africa’s resilience towards global economic crises, and rolling out 5G connectivity across the continent.
The press release highlighted that the confluence of Europe, Sub-Saharan Africa, and the Middle East, Morocco is well-positioned to transform into a regional business hub by leveraging its geographically strategic location, political stability, and world-class infrastructure.
The same source explained that Morocco is Africa’s fifth-largest economy, the second biggest African investor in Sub-Saharan Africa, and the largest African investor in West Africa, while it also sits 3rd of all African countries in the World Bank’s ease of doing business index.
The press release also confirmed that foreign investment in Morocco is rising, particularly in export sectors like manufacturing, through favourable macroeconomic policies, trade liberalisation, investment incentives, and structural reforms. New Moroccan national strategies emphasise value-added industries such as renewables, automotive, aerospace, textile, pharmaceuticals, outsourcing, and agro-food.
It should be noted that GITEX AFRICA is the first overseas venture for GITEX GLOBAL, the influential tech brand trusted by international tech executives, its record-breaking 42nd edition in October 2022 at the Dubai World Trade Centre attracting more than 170,000 attendees from 176 countries. In addition, GITEX GLOBAL has advanced the African agenda, in 2022 welcoming its most heightened participation from the African tech ecosystem yet. This was amplified by ‘Africa Fast 100’ at its North Star start-up showcase, the largest ever gathering of African start-ups to be hosted under one roof outside of Africa.
GITEX GLOBAL 2022 also featured involvement from key African unicorns, such as Jumia, Flutterwave, and Chipper Cash, while welcoming ministerial delegations from Nigeria, Ethiopia, Morocco, and many more.
GITEX AFRICA 2023 will build on these achievements, curating the most powerful innovations emerging from the world’s next most sought-after market across the fast-growing sectors of fintech, e-commerce, cloud, IoT, AI, telecom, future mobility, smart cities and security.


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Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.
10-04-2013, 11:06 PM #1
Adobe Confirms a Security Breach Compromised 2.9M Customer Accounts
Adobe recently confirmed that malicious parties had compromised its networks and potentially took credit card and other personal information from the accounts of nearly three million users. The creative software company revealed the breach in a post to its official blog. Adobe’s security team recently openly said a number of “sophisticated attacks” were made on its network with some of those attacks targeting customer information and source code for several Adobe products.
The data that was stolen included customer names, encrypted credit and debit card numbers, expiration dates and other customer order information. Adobe doesn’t believe that decrypted credit and debit card numbers were removed from the network. The company has contacted federal law enforcement for help in the investigation and is resetting passwords for affected accounts in order to prevent further unauthorized access. Owners of affected Adobe ID accounts will be receiving an email notification from Adobe with information on how to change their passwords.
The company also recommends that account holders affected by the attack change their passwords on any website where they may have signed up with the same login credentials. On its end, Adobe has spread news of the breach to banks that process its payments and is coordinating with payment card companies and card-issuing institutions to help protect customers’ accounts. On top of that, the company is extending a free one-year credit monitoring membership to those customers whose information was compromised.
Source: Adobe (blog)
10-05-2013, 12:43 PM #2
" Adobe doesn’t believe that decrypted credit and debit card numbers were removed from the network."
This would lead one to believe that for some reason they are storing them both encrypted and decrypted which would beg the quetion whyyyyyyy
10-05-2013, 07:59 PM #3
They probably encrypted it with adobe flash
10-06-2013, 09:25 PM #4


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Volvo Buses has received an order for three all-electric and three electric hybrid 7900 single-deckers from KE’s Bussar in Kungsbacka on Sweden’s west coast, the first electrified buses in the city. They are scheduled to start operating in June 2020.
The electric 7900s will be charged using 150kW CCS chargers at the KE’s Bussar depot. Energy consumption for a Volvo electric bus is about 80% lower than for a corresponding diesel.
“We’re delighted and proud to receive this order from KE’s Bussar. It shows the strength of the offer from Volvo Buses – our ability to combine clean electric propulsion with hybrid power to suit different routes within the same operation,” says Volvo sales executive Daniel Treptow.
Kungsbacka is the fourth Swedish city to buy Volvo’s all-electric buses, after Gothenburg, Malmö (pictured) and Uddevalla. Volvo’s electric hybrid buses have been in regular operation since summer 2018 in Värnamo and also operate on route 55 in Gothenburg.
Volvo has sold over 4,200 electrified buses around the world, including to the UK, Denmark, Luxembourg, the Netherlands, Norway and Poland.


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Beijing condemns new US sanctions against Chinese companies linked to the use of “forced labor” in Xinjiang (the country’s north-west), where Uyghurs live. Washington has banned the import of solar panel materials manufactured by Hoshine Silicon Industries Co. US officials have also issued trade sanctions on four other companies. “The state-promoted forced labor in Xinjiang is an insult to human dignity and an example of China’s unfair economic practices”, the US president said. Chinese diplomacy immediately condemned these new measures. “These are gangster methods that rob other people’s property,” Chinese Foreign Ministry spokesman Zhao Lijian told a news conference on Friday. “The victims of these American acts will, ultimately, be the residents of Xinjiang and their rights to subsistence and development. This creates forced poverty, forced unemployment,” he denounced.
Xinjiang has long been affected by attacks by separatists or Islamists of Uighur Muslim ethnicity. The authorities have carried out strict police surveillance there for many years. The United States, based on studies conducted by Western researchers, accuses China of arbitrarily interning more than a million Uighurs in “camps” in Xinjiang. Beijing denies this figure and confirms that it is about “vocational training centers” aimed at helping the population find jobs in order to distance it from Islamic extremism. “The United States is using the pretext of human rights (…) to block Xinjiang’s industrial development,” the Chinese spokesman said.
>> Read also- Uighur: China retaliated after US sanctions
US officials have already prohibited the importation of hair products, cotton, computer parts or clothing manufactured by companies in the region.
>> Buy and sell your investments (stocks, cryptocurrencies, gold, etc.) at the right time thanks to Momentum, Capital’s newsletter on technical analysis


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Welcome to the world of personal fairness, also called the “billionaire manufacturing facility”, the place already super-rich companies have used low rates of interest and their appreciable monetary firepower to embark on a multi-billion greenback shopping for spree this 12 months.
Mere mortals had been this week given a uncommon glimpse contained in the money-spinning and extremely secretive personal fairness trade – which buys up corporations, typically utilizing extra debt than stockmarket buyers would tolerate, then floats or sells them on once more – because the London agency Bridgepoint floated on the inventory market.
The float left 166 of Bridgepoint’s workers sitting on a mixed £2.5bn windfall. The agency’s govt chairman, William Jackson, offered £7.8m price of shares, and held on to a stake price about £42m. Frédéric Pescatori, Bridgepoint’s head in France and southern Europe, cashed in about £16.5m and nonetheless had shares price nearly £85m. The finance chief, Adam Jones, offered £4m price however retained shares price £22.8m, following the inventory’s 29% surge on its debut on Wednesday.
Bridgepoint additionally prolonged its largesse to well-known Metropolis figures persuaded to affix the board. Archie Norman, chairman of Marks & Spencer, obtained a £1.75m charge to develop into senior impartial director (on high of his annual £200,000 charge for serving on the board). Three different non-execs, together with Carolyn McCall, chief govt of ITV, had been additionally handed £500,000 for becoming a member of the board.
Prem Sikka, emeritus professor of accounting on the College of Essex, and peer, mentioned: “Fats cats. The chairman of Marks & Spencer, Archie Norman, has obtained a charge of £1.75m to affix the board of personal fairness agency Bridgepoint. Time to restrict tax reduction on fats cat pay.”
Lord Sikka mentioned personal fairness companies had “devoured Debenhams, Maplins, Toys R Us, Bernard Matthews, care houses and far more”, including that prime leverage and aggressive tax planning had been the trade’s prime instruments.
Bridgepoint – which is most well-known for beforehand proudly owning Pret A Manger and is now the proprietor of Burger King UK and the humanities and crafts provider Hobbycraft, and has a minority stake within the meals chain Itsu amongst its £23bn of belongings underneath administration – is only one of dozens of personal fairness companies internationally reporting record-breaking returns as low-cost debt and lockdowns, which have pressured many corporations to hunt funding, have created the proper situations for offers.
“The good lockdown disaster toppled many trade forecasts and traits while reinforcing and accelerating others, together with personal fairness, which arguably has by no means seen a extra beneficial surroundings for deal making,” mentioned Dominick Mondesir, a senior European personal capital analyst on the personal fairness analysis agency Pitchbook. “Deal exercise has propelled to unseen ranges, because of a mix of sturdy leveraged lending markets and an accelerating European financial restoration powered by the rising vaccination price.”
Non-public fairness companies have struck a file 6,298 offers price $513bn (£373bn) up to now this 12 months – essentially the most since information started in 1980, in accordance figures from the information supplier Refinitiv.
The UK has been a very fertile searching floor for US-based personal fairness companies, as corporations within the nation have been seen as cheaply valued as a result of fall within the worth of the pound because the Brexit vote.
The grocery store Morrisons, infrastructure agency John Laing, industrial property developer St Modwen, UDG Healthcare, and the fund supervisor Sanne have all obtained personal fairness affords in current months.
Thus far this 12 months, PE companies have introduced 124 offers for UK corporations (each takeovers and minority stakes) with a mixed worth of £41.5bn, in accordance with the information firm Dealogic.
The American firm Blackstone on Thursday reported a near-doubling of second-quarter distributable earnings to $1.1bn, sending its shares up 4.5%, gaining a file excessive market worth of $131bn.
Jonathan Grey, Blackstone’s multi-billionaire president and chief working officer, mentioned: “Once we look within the second quarter, in our private-equity portfolio, 98% of our corporations had income will increase. Throughout 2,000 debtors in our credit score space we had one default.”
Luke Hildyard, director of the Excessive Pay Centre, which campaigns for govt pay restraint, mentioned: “There are a lot of examples of personal fairness companies doing very effectively from current financial developments, nevertheless it’s essential to ask whether or not society as an entire will profit from this bonanza.”
Ludovic Phalippou, a professor of monetary economics at Oxford College’s Saïd enterprise college, sparked outrage among the many trade by publishing an instructional paper accusing personal fairness chiefs of paying themselves huge administration charges.
Within the paper, entitled An Inconvenient Fact: Private Equity Returns & The Billionaire Factory, Phalippou mentioned personal fairness chiefs had paid themselves about $230bn in efficiency charges since 2006 regardless of on common reaching about the identical return as a easy US inventory market tracker.
“This wealth switch from a number of hundred million pension scheme members to a couple thousand individuals working in personal fairness may be one of many largest within the historical past of recent finance,” Phalippou mentioned.
He mentioned the charges, which had been in the end paid by buyers into personal fairness funds equivalent to pensions, had helped flip 19 extra personal fairness bosses into billionaires since 2005, taking the overall variety of personal fairness chiefs with 9 zero fortunes to 22.
“The personal fairness trade might have to rethink its enterprise mannequin, reducing prices and reconsidering how efficiency charges are paid in an effort to stay sustainable. This, nonetheless, will in all probability generate fewer billionaires,” Phalippou famous.