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One in seven Britons claim to have taken wrong currency when travelling abroad with Turkey causing most confusion
- Poll shows 14% of holidaymakers claim to have taken wrong currency
- Turkey is the country which causes the most currency confusion
- Many take US dollars to Canada instead of its own currency
An incredible one in seven British holidaymakers admit to have accidentally taken the wrong currency away with them on a break, research claims.
When asked 'have you ever accidentally taken the wrong currency with you on holiday?' a whopping 14 per cent of 2,173 people who have gone abroad in the last three years said 'yes' when surveyed.
The country in which currency confusion is most likely to happen is Turkey, the poll for travel website Sunshine found. The majority of those visiting who took the wrong currency went armed with euros, rather than lira.
Turkey trouble: Holidaymakers visiting Turkey are the most likely to take the wrong currency. Pictured, Sultan Ahmed mosque in Istanbul
This is perhaps forgivable on the grounds that, although the Turkish lira is the official currency, many vendors in the country accept euros due to the close proximity to the eurozone.
The next most common place to take the wrong currency is Egypt, where the majority who made the mistake also took euros rather than the Egyptian pound, despite it being in Africa.
Next is Canada, where the majority of those who made a currency mishap took US dollars with them rather than Canadian dollars.
Croatia, whose currency is the kuna, was fourth in the list with many taking euros. As with Turkey, many places will accept the European currency.
Dollar disaster: Many make the mistake of taking US dollars to Canada, rather than its own currency. Pictured, the Rocky Mountains
Only 16 per cent of people who had taken the wrong currency on holiday with them in the past said it was accepted by cashiers.
The remaining respondents said they'd had to resort to changing the currency during their holiday.
Chris Clarkson, managing director of Sunshine.co.uk, said: 'Taking the wrong currency on holiday can be a huge hassle, so it's really important that you double check what you'll need to take with you before you go.
TOP TEN SPOTS HOLIDAYMAKERS TAKE WRONG CURRENCY TO
1. Turkey – 21%. 2. Egypt – 16%.
3. Canada – 13%. 4. Croatia – 11%.
5. Ireland – 8%. 6. Mexico – 6%.
7. Czech Republic – 4%. 8. Thailand – 2%.
9. UAE – 1%. 10. Morocco - 1%
'Sometimes, certain currencies will still be accepted in countries where it isn't the main currency.
'For example, the Caribbean Islands widely accept US dollars, so it's not going to be a problem if that's the currency you've decided to take - with the exception of Cuba.
'Still, there are no guarantees, so it's best to take the correct currency for the country you are visiting, just in case.'
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- Stakeholders say permission to accept foreign currency will benefit the tourism industry
- Despite promised ‘export’ status, tourism industry is in two-year wait for guidelines
- Sri Lanka tourism chief says dollarization should be done to reach industry’s full potential
- Emphasizes a strong necessary collaboration, in particular tax rulings
- Aspire to achieve a module similar to that of the Maldives
- THASL chief says hotel payments are always made in local currencies
By Charumini de Silva
Tourism stakeholders stressed that the government should consider allowing the dollarization of the sector to reach its full potential, which will also be another bold step in recognizing it as an export industry.
President of Sri Lanka Tourism Kimarli Fernando
Although tourism is widely seen as a key sector for economic development, while in many countries tourism is not treated as an export industry. In Sri Lanka, tourism was recognized as an export industry in December 2019.
However, guidelines for fully exploiting the status of “export” to the sector still remain unfulfilled.
“I think dollarization of the tourism industry should be the way to go if the sector needs to thrive,” Sri Lanka Tourism President Kimarli Fernando told the Daily FT.
However, she stressed that this cannot be done overnight, as it requires strong collaboration between government agencies and a whole range of different factors for successful implementation.
“This is something that we are considering, but we have to study it in depth. The process of dollarization requires fiscal policy decision making and it is a long process. But slowly, steadily, we’ll get there, like the Maldives did, ”Fernando added.
Sri Lanka’s tourism chief said that despite direct online bookings, hotels are mostly paid in local currencies as banks convert and debit the amount in rupees. While foreign tour operators get their fees in foreign currencies and convert them to pay in local currencies at hotels.
“One of the drawbacks is that these foreign currencies are not integrated and do not circulate. Second, if the hotels have obtained foreign currency loans, they can repay with these funds, ”she said.
Fernando said the goal of making tourism an export industry should also collect foreign currency, adding that calculating the industry’s income has become difficult due to the lack of proper regulations in this regard. .
On March 26, the government issued a Gazette under Foreign Exchange Law No. 12 of 2017 by Mahinda Rajapaksa in his capacity as former Minister of Finance. It allows any hotel registered with the Sri Lanka Tourism Development Authority (SLTDA) to conduct foreign exchange transactions in Sri Lanka and accept foreign currency from people residing in the country who have foreign currency in their possession.
The tourism industry has been given a revenue target of $ 500 million for the fiscal year ending March 2022.
Sri Lanka Hotel Association (THASL) President Shanthikumar told Daily FT that realizing the industry’s potential requires strong and coordinated action around tourism and export strategies.
“We have made representations to the authorities concerned to authorize payments in foreign currency. But we haven’t had a positive response so far. Currently, most of our remittances are in rupees, ”he added.
Welcoming such initiative, Shanthikumar said stakeholders have yet to see a sustainable strategy in terms of tourism industry.
“Tourism strategy should not be about numbers, but about value. It must be managed, monitored and updated in a sustainable manner, ”he added.
Tourism ministry advisory board chairman Hiran Cooray also said foreign currencies attracted to the industry should be allowed to enter the mainstream, without being converted by banks.
“Foreign currencies attracted to the tourism industry are absorbed by banks and payments are made to hotels in local currencies,” he added.
Cooray said the industry has lobbied the relevant authorities on this issue on numerous occasions, but pleas have so far been unanswered.

domain: news


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A POPULAR annual children’s flag hunt in Dorchester has been extended this year to cope with unprecedented demand.
This year’s Super Sleuth competition, organised by Dorchester’s Business Improvement District, had a sports theme this year to tie in with the Commonwealth Games and World Cup.
The BID hid 115 flags around the town centre and plenty of young detectives have been busy searching for them with their families.
Aspiring sleuths can download sticker albums online or collect them from the Dorchester Tourist Information Centre before they set off on their mission.
Phil Gordon, BID project director, said: “We have had the best ever response with over 600 children taking a free sticker album to join in the hunt. Several shops in town have added to the excitement by offering extra prizes for the six winners, on top of the £260 prize fund that the Dorchester BID has put together, so they will be getting quite a hoard.”
Many of the town’s businesses have also gotten stuck into the event, offering prizes including free Odeon cinema tickets, a £25 voucher for Jordan’s Jewellers, meal vouchers from Imperial Garden Chinese restaurant and an offer from AutoBitz to match the prize pound for pound.
Isaac Ennion, seven, from Puddletown took part in the competition and said: “It’s been really fun going round and looking for clues, we have been to lots of shops we have not been to before and I’m looking forward to finishing the book.”
Jeremy Bessant, 39, who lives in Dorchester and is father to entrant Jack, 11, said the competition had encouraged them to venture off the beaten track in the town.
He said: “We have been to lots of new shops and Jack is looking forward to completing it. He’s got lots of ideas of how he might spend the money if he wins. Now we’ll be going through and identifying all the countries’ flags.”
There are over two weeks still left to enter the competition if children have not already done so. The closing date is September 16.


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BEIJING—China will need to drop its steep tariffs imposed on a range of American farm products earlier this year before it can fulfill its pledge to buy a “very substantial” amount of U.S. goods, said Chinese traders on Dec. 3.
China and the United States agreed on Saturday to refrain from setting additional tariffs that would further escalate a months-long trade war that has roiled global markets and halted sales of American soybeans to the world’s top buyer.
The temporary truce on trade followed talks between U.S. President Donald Trump and Chinese leader Xi Jinping at the end of a two-day gathering of world leaders in Argentina.
The United States said that Beijing had promised to buy an unspecified but “very substantial” amount of agricultural, energy, industrial and other products, with purchases of farm goods to start “immediately.”
But no substantial purchases can happen with a 25 percent duty still in place on U.S. soybeans, corn, sorghum and wheat, said buyers and analysts.
“How can you buy U.S. products if China does not reduce the tariffs? We haven’t made any move yet,” said a trader with a major Chinese trading house. He declined to be identified as he was not allowed to be quoted by media.
China’s tariffs on U.S. soybeans had earlier pushed the price of soybeans from Brazil, the world’s top supplier, so high that Chinese buyers could have imported American soybeans and paid the tariff for less.
But that premium has been significantly eroded in recent weeks after China built up large soybean stocks, and demand for soymeal declined in the wake of an African swine fever epidemic ravaging the country’s huge hog herd.
That has in turn made U.S. beans more than $60 per tonne more expensive than those from Brazil, which is due to begin harvesting a record crop in a few weeks time.
Graphic: U.S. soybean export prices more than $60/tonne above Brazil’s due to 25 pct tariff
Muted reaction in both the Chicago and Dalian futures markets on Monday underlined the lack of incentives for new purchases.
Chicago Board of Trade soybeans rose less than 2 percent while Dalian soymeal futures closed down less than 1.4 percent.
“The market isn’t impressed,” said Darin Friedrichs, Shanghai-based consultant at INTL FCStone.
But some said China could soon scrap its tariffs to show commitment to the trade truce. The foreign ministry said on Monday that the Chinese and U.S. presidents had instructed their economic teams to work towards removing all tariffs.
“Tariffs on U.S. soybeans might drop as the two sides enter a honeymoon period. It is expected that they will start sending out goodwill signals,” said Tian Hao, senior analyst with First Futures.
“China will for sure cancel the 25 percent tariffs on U.S. agriculture products. China has to do this, basically to get room to breathe,” said an executive at a state-owned trading house.
Until then, the only buyers likely to make purchases of pricey U.S. grain will be state-owned enterprises instructed by Beijing to buy soybeans for state reserves.
“If they have to buy something, then they can ask Sinograin to buy, the tariff is OK for reserves,” said another China-based trader with a global trading firm.
Graphic: Soybeans are by far China’s top agriculture import from the United States
By Hallie Gu & Dominique Patton


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For the second year in a row, the Annapolis Great Harvest bakery, located at 208 Ridgely Ave., and local owners Thomas and Pam Storm invite the community to partner together in supporting the Alzheimer’s Association this holiday season. Great Harvest will be selling a special “Memory Loaf” – the bakery’s signature Honey Whole Wheat loaf tied with a purple bow – for $10. One hundred percent of sales will be donated to the Alzheimer’s Association. This fundraising effort will take place from Monday, Dec. 2 to Saturday, Dec. 7.
“The Alzheimer’s Association is a very important organization to us personally,” says Thomas. “My wife’s father, Paul Sherwood, who passed away last year, suffered from Alzheimer’s. In our own small way, we want to help further the search for a cure and support others who struggle with this heartbreaking disease.”
The Storms invite customers to share personal stories and honor a loved one or friend who has been touched by Alzheimer’s. Stop by the bakery any time during the two weeks after Thanksgiving to purchase this very special loaf.
Originally founded in 1976 in Great Falls, Montana, Great Harvest has more than 200 bakeries located throughout the nation including Alaska and Hawaii. All bakeries are locally owned and operated, and no two are alike. Great Harvest is known for handcrafted breads made with freshly ground whole wheat purchased from family-owned farms. The neighborhood bakeries create an array of legendary fresh-baked breads and sweets, as well as specialty items during the holidays. Great Harvest mills its whole wheat daily. The fresh flour is used within two days to guarantee the best taste and nutritional value.
The Annapolis Great Harvest bakery is open 6:30 a.m. to 6:00 p.m. Mondays through Fridays and 6:30 a.m. to 5:00 p.m. on Saturdays. For more information, visit their Facebook page at www.facebook.com/GreatHarvestAnnapolis.


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Professional pianist Ferdy Tumakaka is using his time away from the keyboard to launch Prajaa, a line of men’s shoes. The musician, whose New York-based duo, Ferdiko, is currently on hiatus, has now decided to pursue a longtime dream.
“When you go out in New York around 5 p.m., you see a lot of people coming out [of work] with their tennis shoes on, and they are holding their dress shoes,” said Tumakaka. “It was always in the back of my mind, ‘How can we create a shoe that looks formal enough [for work] but is comfortable enough to wear as your day-to-day shoes?’”
The answer was Prajaa, made in collaboration with Indonesian shoemaker Sebastianus Reza. They soft-launched five styles for a select group of consumers for fall, and spring marks the official debut of the now 12-style line to retailers.
The collection is composed of three subsets: Debut continues the direction of the fall product; Nomad features the brand’s most ethnic designs, including Indonesian batiks; and Sleep/Insomnia consists of the most experimental of the styles.
“Sleep/Insomnia is my favorite,” said Tumakaka. “That is when my creative mind can go wild and play with all the elements. Then the shape is kind of bulky, so it’s very solid and masculine. It’s not defined by traditional shapes.”
For example, the Madman boot incorporates a hook accessory primarily used on handbags, but now is placed on the back of the shoe. And an espadrille style combines a woven bottom with rubber lug soles. Price points go up to $150 for shoes and up to $175 for boots.
In the future, Tumakaka hopes to expand the independently financed line to include women’s shoes. But when he starts performing again, will he have time for both? “It’s all about time management,” he said. “I should be able to handle it all.”
Ferdy Tumakaka studied piano at the Manhattan School of Music, but has no formal footwear training. “I’m an avid footwear consumer,” he said.
Prajaa in Sanskrit means “generation.” Tumakaka’s designs were inspired by his homeland, Indonesia. “I thought the name should [signify] coming back to our roots,” he said.
The brand will debut at Compass in New York this week, from Aug. 2-3. Tumakaka hopes to attract boutique retailers initially.


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Meatpacking facilities in the U.S. emerged as hotbeds for coronavirus outbreaks. Thousands of workers became ill and +50 have died. In some cases, the communities where the operations are located have seen infections surge as well. Dozens of plants were forced to scale back operations or close down completely, leading to supply chain bottlenecks that caused major logistical hiccups with livestock and consumer supply.
It makes sense that many industry experts believe the fallout from the pandemic will lead to meat companies adopting more automated technologies at a faster clip than previously expected. As many in the industry have pointed out, the problem in the supply chain occurred because of plant closure or slowdowns due to coronavirus infections among employees or fear impacting the workforce. Sadly, as some argue, automating meat production could eliminate the number of employees at risk, thereby lowering the risk of interruptions, but could also put some out of work.
Wired magazine recently highlighted Denmark’s Danish Crown, the biggest meat processing company in Europe, which includes one of the world’s largest pig slaughterhouses in the world in Horsens, Denmark. According to Danish Crown, among the company’s 8,000 employees in Denmark, fewer than 10 workers have tested positive for coronavirus. None of its slaughterhouses in Denmark have had to close or slow down production and heavy automation is one reason that might explain why – it’s considered one of the most modern facilities in the world. Click HERE to learn more.
Jayson Lusk, a food and agricultural economist at Purdue University, explained to Wired that the reason U.S. meatpacking plants don’t have more automation because of a lack of economic incentives. In particular, American companies have access to cheap and readily available labor. However, shifting demographics and the tight labor market have made it increasingly tough for the industry to fill jobs in recent years, so automation was already being looked at as a solution. Lusk says that with coronavirus entering the picture, there is also the sudden realization that cramming more workers into plants turns them into potential infectious disease incubators.
Blake Hurst, President of the Missouri Farm Bureau, penned a recent article in The Dispatch that examines the various problems facing the meat industry as well as possible solutions. Hurst makes an excellent point about increasing automation in the industry, noting that the only companies that likely have the resources to implement widespread transformation will be the largest ones. Danish Crown spent nearly $300 million on its massive pork processing plant in Horsens, which necessarily included specialized – and pricey – robots and other equipment. Danish Crown says the modernization has paid for itself but it took about ten years.
As Hurst points out, that runs up against the other problem many see inside the meat industry – consolidation to the point that now just four companies account for 85% of U.S. beef and pork processing business. The meat industry is currently facing antitrust action with critics claiming price collusion and calling for increased competition. But Hurst also points out that increasing the number of processing facilities in the U.S. would also be a big challenge as it’s exceedingly tough to find communities that are willing to host and accept them.


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The Indian government recently declared a draft about the cryptocurrency bill that said ‘cryptocurrency’ will become an asset or commodity. Taxes will now be included according to their use such as: payments, investment or viability.
If declared as an asset, the cryptocurrency will receive a mention in the ledger. Whereas, if it is treated as a commodity, the returns and profits of the investors will be taxed. This will lead to business income with the same interest.
In the history of India, such things have never happened. But now cryptocurrencies will be classified according to current technology. To extend support, the government also mentioned in the report given that transactions would be encrypted end-to-end to maintain regulatory records. So people don’t have to worry about their safety.
Many cryptocurrency exchanges described a skyscraper in India. Because of which, the RBI temporarily imposed a cryptocurrency ban and raised later. As an alternative, a virtual currency trading proposal was made. But, to this day, there was no legal status. However, this cryptocurrency bill will lead India and its people to progress and reach new heights.
ADVANTAGES OF THE CRYPTOCURRENCY INVOICE
Many Indian cryptocurrency investors waited for this bill to be legally sanctioned. It would bring a drastic change and it would also prevent financial fraud. The main advantage is that with this bill, high-level default would be impossible in a market that treats cryptocurrencies as commodities.
You will need to consider the policy statement that includes: ownership, accounting, KYC, and reporting standards. Also, you should note here that classified cryptocurrency assets can only be exchanged within the borders of India. Crossing which, you will have to pay the necessary taxes.
As the government mentioned before, it will not go any further with the cryptocurrency ban. However, there is no clarity on whether it would be held in cash or virtual currencies.
THE BAN ON CRYPTOCURRENCY IN INDIA
The RBI imposed a ban on cryptocurrencies when people started using them heavily. Around 2018, the RBI ordered financial services to disconnect from cryptocurrency trading. However, to this day no fraud has been reported on behalf of cryptocurrencies.
But, after some legal discussions, the Reserve Bank of India removed the ban on cryptocurrencies for trading. The lifting of the ban resulted in easy transactions and good security. You can also enjoy unlimited transactions now!
With this in mind, the RBI has pointed to the problems of cryptocurrencies in the past.
In this article, the Supreme Court of India lifts RBI’s ban on cryptocurrency trading and would give you a detailed look at the cryptocurrency ban.
CRYPTOCURRENCY TICKET ANALYSIS
People closely connected to the bill have said that they first hope to determine what the term ‘cryptocurrency’ would mean in India. “Before talking about how the regulations should work, the government has to explain what it means by cryptocurrencies,” said a person familiar with the development.
First, the government will define cryptocurrencies. After which, they will introduce a system that would record local exchanges. It will make cryptocurrency transactions clear and unambiguous, which will help a layman to better understand cryptocurrency trading.
Jaideep Reddy, the leader of the technical law, said that there were more than 5000 cryptocurrencies within India, and each of them had its own legal aspects. Therefore, the government will tie everything to the technology and use tokens for its end-to-end use. Cryptocurrency trading will be easier for us through this method.
Also, you should know that with the classification of the cryptocurrency, the taxation of the cryptocurrency would also apply. It will give the cryptocurrency the “Gray Zone”. So you don’t need any private dealer as the invoice only allows certain transactions.
If the need arises, the government can apply a security transaction tax (STT) similar to cryptocurrency transactions.
In the future, the Indian government hopes to make this law a law under the CBDC – Central Bank Digital Currency section. You don’t need to panic as you will be given some time to liquidate your crypto asset before being penalized.
With the amendments, the government clarified that this would work in sync with fiscal year policies. Organizations must disclose their ongoing profit and loss along with the deposits made. It means that you must inform them about your transactions with cryptocurrencies. However, this policy is well received by companies and industries.
After all this, let’s now understand the reason behind the introduction of the Cryptocurrency Law.
THE PURPOSE OF THE CRYPTOCURRENCY INVOICE
The Union Cabinet, the Lok Sabha Parliamentary Affairs Bulletin, has taken this new cryptocurrency bill with the main objective as:
- Facilitate the framework and set the currency with the Reserve Bank of India.
- Eliminate private organizations, as mentioned above.
- Make certain one-off exemptions to encourage technical applications of cryptocurrencies.
The cryptocurrency has certainly become well known in India as it does not reveal one’s identity. This drives the expansion of cryptocurrencies. With the help of the Interministerial Committee – IMC, at first, existing investors will be pleased with the Cryptocurrency Bill 2021 and gradually lead to its progress. This bill will also save you losses caused by private organizations. However, we have yet to clarify what the list would include: Bitcoin or Ethereum.
Therefore, from the facts and benefits mentioned above, we can infer that the current reality revolves around the Cryptocurrency Bill 2021. In general, everything is worth it, since everything has been carefully designed and formulated by the Draft of the Ministry of Electronics and Information Technology. National strategy, 2021. Through the evolution of cryptocurrencies and blockchain, digital investors trust the general economic growth of the Indian public and the Indian government.


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SINGAPORE (May 4): The manager of OUE Hospitality Trust (OUE HT) has announced a distribution per stapled security (DPS) of 1.3 cents, representing a 18.2% increase from the 1.1 cent DPS declared a year ago.
OUE HT is a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business Trust.
Gross revenue for the quarter grew 6.4% to $32.1 million from $30.1 million in the previous year, with higher contributions from both trust’s hospitality and retail segments.
Hospitality revenue was $1 million higher than the year before at $23.4 million, which was largely a result of $1.6 million of higher master lease income from Crowne Plaza Changi Airport (CPCA) which more than offset the $0.6 million decrease in master lease income from Mandarin Orchard Singapore (MOS).
Retail revenue, too, grew 12.3% to $8.7 million due to a higher average occupancy rate at 94.7% as compared to 82.9% in the same quarter a year ago.
Net property income (NPI) increased by 4.3% to $27.4 million from $26.3 million in 1Q16, boosted mainly by a 17.6% increase in contributions from retail to $6.4 million from $5.4 million in the previous year.
Master lease income from MOS was $0.6 million lower than that of 1Q16, as MOS recorded a lower RevPAR of $217 as compared to RevPAR of $222 in 1Q16 despite improved occupancy.
This was largely due to lower average room rates achieved in the absence of biennial meetings, incentives, convention and exhibition (MICE) events such as the Singapore Airshow and a competitive market.
On the other hand, master lease income from the enlarged CPCA was $1.6 million higher than 1Q16 due to enlarged room inventory in CPCA with the addition of Crowne Plaza Changi Airport hotel extension’s (CPEX’s) 243 rooms which opened for business on 1 August 2016.
Noting a challenging retail scene as well as continued headwinds in the tourism industry, OUE HT’s manager says it will continue to actively seek growth opportunities and yield-accretive acquisitions from its sponsor and third parties.
Units of OUE HT closed flat at 72 cents on Thursday.


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Filed in Air Freight
Friday, August 01, 2014
As noted in the 25th Annual State of Logistics Report, the air freight industry has been facing chronic overcapacity and deteriorating yields—and data surfacing in new research mirror these findings.
Tuesday, July 29, 2014
Flags of Convenience are a fact of life in the commercial maritime trade, but several European political action groups are worried that they will pose a threat to the Continent’s air cargo industry.
Tuesday, July 15, 2014
TIACA has applauded a move by U.S. regulators towards a more risk-based approach to air cargo screening.
Posted on 07/15 at 04:39 PM
Air Cargo •
Air Freight •
Tuesday, July 01, 2014
Rollercoaster demand levels and uneven freight volumes in 2013 created havoc in one of the more complicated years on record. In 2014, shippers will need to manage with all the savvy and experience that they can muster to get the capacity they need at a rate that’s fair.
As noted in the 25th Annual State of Logistics report, the airfreight industry has been facing chronic overcapacity and deteriorating yields. New details surfacing in similar new research mirror these findings.
Thursday, June 05, 2014
A coalition of associations representing air freight forwarding companies is calling on the federal government to solicit input from small and medium sized forwarders before expanding the Air Cargo Advanced Screening (ACAS) program.
Sunday, June 01, 2014
Our team of market leading consultants offers global shippers a strategic approach for optimizing air freight expenditures in a way that simultaneously improves service and capacity.
Monday, May 12, 2014
The International Air Transport Association (IATA) released data showing air freight markets in March were up 5.9 percent compared to a year ago and capacity grew 3.4 percent.
Posted on 05/12 at 08:26 AM
Air Cargo •
Air Freight •
Tuesday, April 01, 2014
With increased focus on penetrating new markets with high-value goods, shippers will be even more vigilant in vetting their freight intermediaries. Our panel sets out to explain how forwarders are preparing to take on the added volume and win their business.
View all categories and topics
I asked a pilot friend of mine if the large change in the upper level jet stream that we’ve been experiencing on the ground as unusual weather is having an impact on flight times and costs. While he said that the real impact has been on airport operations, he pointed out that there are significant changes in the “business jet stream” that will have an impact on both carriers and shippers.


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A startup that is developing a protocol based on the ethereum blockchain to allow users to validate information across different datasets has raised $3 million in seed funding.
Called DIRT, the San Francisco-based company said Wednesday that notable investment firms taking part in the round include Digital Currency Group, Pantera Capital, China-based Zhenfund and InBlockchain.
With the new financing finalized, DIRT's founder Yin Wu told CoinDesk in an interview that the protocol - also called DIRT - will be released in the next three to four months, together with a token that will be based on the ethereum standard ERC-20.
Wu said that the goal of the protocol is to serve as a platform where third-party decentralized application developers can create what is called a token curated registry - a similar concept to the way in which Wikipedia uses the community to update and verify its data.
In essence, a TRC is a distributed data list focused on a certain topic that allows users to propose and validate what information should be on the list, using tokens to vote and back up positions.
"If anyone in the network finds misinformation, they can also challenge the dataset and say this is incorrect. In order to initiate a challenge, you need a stake token. The challenge then begins with a vote. Anyone in the network can vote with tokens. ... Whoever wins the vote, wins the tokens; if you lose the vote or voted for the wrong side, then you are penalized."
The company has not yet decided how it will distribute its tokens, however - though it will seek to do so as widely as possible.
Wu did say the token should have a "Strong utility angle," since it is used to "Adjudicate whether information is correct."
The company said upon the protocol's release that it will also launch a decentralized application that is developed internally, but declined to disclose more information for now.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Coinbase Co-Founder Backs Blockchain Startup's $3 Million Seed Round
Published on Jul 11, 2018
by Coindesk | Published on Coinage
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Facebook founder Mark Zuckerberg fended off complaints on Monday that the hugely popular social network was getting a free ride out of telecom operators who host its service on smartphones.
China Telecom Ltd., one of the country's three main state-owned carriers, said Wednesday its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.
State-owned phone company China Unicom said Thursday its first-half profit jumped on higher mobile data revenue and lower fees to connect to a rival's network.
Mobile wallet service Isis is changing its name to distance itself from an acronym used to refer to militant group Islamic State of Iraq and Syria.
US telecom service firms Sprint and T-Mobile were nearing a deal valued about $32 billion and likely to be scrutinized by anti-trust regulators, US media reported Wednesday.
French conglomerate Bouygues offered 10.5 billion euros ($14.4 billion) for control of mobile operator SFR telecommunications, launching a bidding war Thursday that could extend the wireless industry's attempts to consolidate ...
Somalia's al-Qaida-linked group has ordered telecom companies to shut down mobile internet services over fears the U.S. can use the data to target militants.
China has issued licences for "fourth generation", or 4G, mobile phone services, the government said Wednesday, in a move to boost economic growth and job creation.
Nokia's shareholders were set Tuesday to vote on a historic decision to sell the Finnish company's mobile business to Microsoft, as the once-proud Nordic brand struggled to regain its edge.
State-owned China Telecom, the country's third-biggest mobile phone operator by subscribers, said Monday that quarterly profit grew by a fifth as it continued to benefit from spending by new users of data-hungry iPhones.


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MINNEAPOLIS, Minn. — Carlson Rezidor Hotel Group has named Charles McKee as senior vice-president and chief Commercial officer for the Americas. McKee will report to Ken Greene, president, Americas as well as Eric de Neef, executive VP, global chief Branding & Commercial officer. He will be based in Minneapolis.
“We are delighted to welcome a seasoned international travel and tourism leader, like Charles, to lead this newly created role that will focus on increasing clarity and execution excellence in the Americas team and fully integrate marketing, branding, development, commercial and operations strategies and initiatives to deliver our global ambition,” says de Neef.
“Charles brings with him more than 25 years of world-class experience with leading travel companies, in marketing, branding, sales and revenue management. He will be instrumental in driving revenue growth and brand awareness across the Americas and leveraging better global synergies across all brand and commercial strategies,” says Greene.
McKee’s most recently lead the restructuring of marketing, loyalty and branding functions at Malaysia Airlines in Kuala Lumpur. His prior work has included serving as CMO of Delta Hotels and Resorts and Air Canada. He has nearly a decade of senior leadership experience with Virgin Atlantic Airways. His overseas experience has further been broadened by leading the international offices of the Canadian Tourism Commission in 12 countries.
“I feel privileged to join one of the most dynamic hotel groups in the world, which has a passionate leadership team with a clear vision and an ambitious plan. I look forward to working with Ken and Eric, the entire global leadership teams and revenue-generation experts across the organization, to bring my experience and their knowledge into a successful formula for Americas and globally,” says McKee.


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OnePlus, the premium smartphone maker has announced that customers can reserve the OnePlus 7 Pro ahead of its India launch with added benefits and be among the first globally to purchase the device. Pre-booking opens at 12 noon on 3rd May 2019 on Amazon.in.
Customers keen to purchase the OnePlus 7 Pro, can log into Amazon.in and purchase an e-gift card of value INR 1000 which can be redeemed during the purchase of the device. Upon transaction completion, customers will receive an accidental screen replacement worth INR 15,000. The insurance is valid for 6 months from the date of the device purchase.
Starting from 8th May 2019, customers can also walk into their nearest OnePlus Store, Croma and Reliance stores to pre-book the OnePlus 7 Pro at INR 2,000, redeemable on the device purchase. They will be eligible for the same one-time accidental screen replacement of the device.
The much-anticipated OnePlus 7 series will be launched on 14th May 2019, at BIEC in Bangalore.


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Twitter affects a lot of things in peoples' day-to-day lives: How they communicate with each other, how they get their news and more. So it should come as no surprise that the social network affects how people shop, too, especially around the holidays.
One in 3 consumers have tweeted asking for advice about holiday shopping, according to new research from Twitter. And good news for businesses: 39 percent of consumers are likely to tweet about their holiday purchases, while 62 percent are likely to tweet about a business because they want to share a positive experience.
Respondents also talked about their spending habits. On average, Twitter users plan to spend $800 on holiday purchases this year, and 7 in 10 of the Twitter users said they purchase gifts for everyone on their list, along with a few for themselves.
So when do Twitter users hit the stores? Forty percent said they plan to start shopping before Thanksgiving this year, while 25 percent said they will wait until December. This gives brands a wide timeframe to market to their audiences. [4 Ways to Entice Holiday Shoppers with Social Media ]
Here's what shoppers want to see on Twitter during the holidays:
- Deals and specials only shown on Twitter: 44 percent of respondents
- Sneak peeks at new merchandise: 44 percent
- Ideas for holiday shopping or gift giving: 36 percent
- Links to a business's online store: 35 percent
Twitter suggested that businesses take advantage of these trends by interacting with people who tweet about their businesses and answering those customers' questions.
"When you tweet back, you'll create a positive experience that's more likely to be shared, helping you generate more positive word of mouth for your business," the company wrote on its blog.
The social network also advised brands to tweet out helpful shopping tips and teaser photos of new products, in addition to promoting discounts and sales.
The study was conducted with research firm Millward Brown and surveyed 500 U.S. consumers who use Twitter at least once a month and are involved in holiday shopping.
Originally published on Business News Daily.


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Blast from the past: Why old ad fraud tactics won’t die
This is the first article in an occasional series on ad fraud.
Like a toenail fungus, ad fraud proprietors are deceptively difficult to kill off.
Old ad fraud tactics like domain spoofing, sending traffic to garbage sites and disguising display inventory as video remain in vogue. In fact, in some ways, current industry trends like brand-safety mandates and the rise in header bidding inadvertently prop up classic ad fraud tricks.
Earlier this month, BuzzFeed published an exposé that outed an ad fraud operation. As the story circulated on social media, journalists at various publications covering the ad industry noted the most striking thing about the story is how old schemes still dupe big brands.
Here are some of the more persistent ad fraud tactics.
Unscrupulous publishers — if you can even call them publishers — cloak the names of their URLs in ad exchanges so they can fool ad buyers into buying their crap impressions. For example, yourwebsitesucks.com might label itself as ESPN.com on an exchange, and because the shady site sells its impressions for cheaper than the sports giant, the shady site will siphon money from ad buyers looking for cheap scale who fail to examine site-level reports.
Last month, the Financial Times found that 15 different supply-side platforms purported to sell its video inventory — even though the FT doesn’t sell its video inventory programmatically. The publisher estimated the value of the fraudulent inventory to be about $1.3 million a month. So it told four ad tech vendors — Oath, SpotX, FreeWheel and BidSwitch — to stop representing access to FT video inventory.
Michael Tiffany, CEO of ad fraud detection service White Ops, which rose to popularity after uncovering the Methbot scheme that reportedly spoofed more than 6,000 publishers in the U.S., said header bidding’s popularity is leading to an increase in domain spoofing.
Prior to header bidding, publishers sold inventory by moving ad calls across supply-side platforms one at a time. Since SSPs weren’t all bidding at once, they had access to unique inventory. This gave ad buyers a check against domain spoofing because they knew which SSPs worked directly with particular publishers.
But header bidding lets publishers simultaneously make ad calls to a bunch of SSPs. To bring in more competition to the increase prices for their inventory, publishers using header bidding began loading more SSPs on their browsers. This reduced the probability that a given SSP would have access to unique inventory, eliminating a sanity check for buyers.
“I think there is a lot to love about header bidding, but it has also made old fraud new again because it increases the attack surface for the adversaries doing domain spoofing,” Tiffany said.
Video ad fraud is about twice as common as display ad fraud, according to DoubleVerify, which makes sense when you consider that ad dollars are pouring into video.
Among the 100 largest digital publishers, display CPMs tend to run from $2 to $6, while video CPMs range from $12 to $20, according to an ad buyer requesting anonymity. Since video CPMs are higher than display, fraudsters disguise display inventory as video inventory so they can pocket the difference between the two.
This type of fraud has become acutely irritating for advertisers as the demand for video continues to soar. Lewis Rothkopf, gm of supply at demand-side platform MediaMath, said he continues to see SSPs masquerading display inventory as video. An April study by Integral Ad Science and Rocket Fuel found that up to 70 percent of video ad inventory is misrepresented in this manner.
Funding the fringe
With the growing awareness of fake news and screenshot activists calling out brands on social media for running ads against racist content, the demand for brand safety has surged. So some marketers expanded their use of tools like whitelists and blacklists to help keep their ads off fringe sites.
But brand safety remains a frustrating game of whack-a-mole. Because porn, piracy and hate sites can no longer attract brand ads directly to their webpages, they’ve increasingly turned to middlemen to distract brands from where their ad dollars wind up, Tiffany said. These middlemen grab ad dollars using antiquated strategies.
One trick is to serve pop-ups and pop-unders to unsuspecting porn users. For example, a porn site will pay an ad network to connect it with a benign-sounding website like fashionshack.com that appears to be unaffiliated with porn. Once the user goes to the porn site, another browser window will load and automatically send the user to Fashion Shack.
Since Fashion Shack features no sexual content and it appears in another window, the brand-safety vendor is unlikely to flag it. A site like Fashion Shack won’t have much content, but the pop-unders continually refresh ads so that thousands of impressions can be “shown” to users on the porn site, even though the majority of the impressions shown on these webpages will never be actually seen.
Advertisers can reduce their exposure to fraud if they change some of their habits, including targeting audiences regardless of which sites they appear on and buying suspect video inventory. They also can restrict the number of sites they let ads run on and be more careful about heavily targeting niche demographics where quality supply is scarce.
“The [fraud] tactics will only have to be as sophisticated as the countermeasures of the marketplace they are selling in,” said Shailin Dhar, founder of Method Media Intelligence, which consults tech firms on ad fraud. “And that is why the basic fraud still makes shitloads of money.”
Member Exclusive‘Truly integrated’: As an unusual school year commences, agencies are aiming to help working parents more than ever before
Agencies, which have long had reputations as difficult work environments for working parents, are adapting to be more flexible for parents this year.
‘How much do we want to get screwed?’: Confessions of an agency exec on lack of payment due to coronavirus
In the latest edition of our Confessions series, we hear from one agency exec who says that the “times are tough” excuse for late client payments isn’t cutting it anymore.
‘Doubling down’: Inside the 49ers social and digital rush to replace lost in-stadium marketing dollars
Without the ability to deliver ads to the 70,000 fans who attend games in-person, the 49ers have had to pivot to focus on digital and social channels.
SponsoredB2B events were broken before the pandemic, their online reinvention is creating positive change
Kim Darling, executive producer, Inbound Farewell lanyards, business cards and branded pens — it’ll be some time before people get their hands on these souvenirs of in-person events again. As the COVID-19 pandemic continues to transform the way people work, buy, sell, socialize and entertain themselves, the global events industry is facing its biggest-ever challenge. […]
Member Exclusive‘Can’t really be ignored’: Marketers and media buyers are finally taking the on-going TikTok saga seriously
Marketers and media buyers have said that as long as people are still on TikTok they’ll want to be there, especially as they try to diversify from Facebook and Google.
‘Clever about how we rest’: As uncertainties drag into fall, agencies are facing a burnt out and fearful workforce
Agency employees and executives say that a feeling of fatigue due to the on-going uncertainty and the need to be always on has set in.


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FreedomPop has been gaining some major buzz in the mobile carrier world over the past couple of years thanks in large part to their inventive and unique ‘freemium’ operation. FreedomPop, led by CEO Stephen Stokols, has been offering free mobile service to customers since their inception and they continue to grow behind the idea that add-ons are more important than initial purchase points. Now the L.A. based tech company is looking to grab some more subscribers, as reported by RCR Wireless, by offering some refurbished smart phones at a major discounted price.
Right now new subscribers can find their way to purchase a Motorola E for just $40, discounted from its original $230 price point, as well as the Samsung Galaxy S4 which is being sold for just $100. These two smart phones offer new subscribers an entry point into an essentially free mobile carrier network that is seeking to change everything about the business. To further prove the point that their company is doing things differently subscribers who buy these discounted smart phones will also receive a free month of ‘premium’ FreedomPop service.
FreedomPop’s core service has always been free and it always will be free. The core FreedomPop plan offers users a limited amount of talk, text, and data for absolutely no charge. From there subscribers can build off of their base plan in a sort of buffet fashion, choosing what they want instead of paying for a bundled package. The premium plan that will come with the new discount phones will give subscribers unlimited talk and text as well as a gig of mobile data. This premium plan, which costs $5 per month regularly, will be free for the first 30 days. After which customers will have the choice to revert to the regular plan or keep paying on the improved option.
In the past year we’ve seen FreedomPop gain some solid ground in the mobile world as they’ve landed a huge funding deal from Intel Capital. Along with the funding acquisition there is a partnership in place between the two companies with plans to build and manufacture a special WiFi first smartphone. The WiFi first smart phone will be FreedomPop’s first foray into marketing their own unique device and the phone should be ready for launch sometime in 2016. Right now details on the specs and the price point for the device are scarce, but news should be forthcoming.


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THE VIP toured Anwell Technologies’ high-tech factory in Dongguan, and listened to its executive chairman, Franky Fan, outline the company’s work and vision.
Suitably impressed, the VIP said: “Your factory brims with dynamism. Your market dominance is the result of advanced technology, high productivity and high quality.”
The VIP was none other than China’s Prime Minister Wen Jiabao.
The factory he visited for 30 minutes over the past weekend is where Anwell – whose shares are listed on the Singapore Exchange - is creating equipment that manufactures solar panels.
Mr Wen said: “Solar panels are a key component of clean, renewable energy, which is an important direction for our power generation and energy industries. Thus, China looks to you for its power-saving and new energy infrastructure.”
Anwell has an ambition to be a key player in China’s solar energy business, announcing recently that it aims to become one of the world’s top 10
solar module producers by 2013.
The solar energy business uses common technologies with optical disc business, which has been Anwell’s core business all these years.
Worldwide, Anwell is one of only two manufacturers of equipment that replicates Blu-ray discs. Sony of Japan makes the equipment too, but only for its own use.
Anwell is the only manufacturer in the world which produces equipment for manufacturing optical discs such as
DVDRs as well as manufactures the discs themselves (about 60 million discs a month).
Solar energy customer
For its first solar energy customer, Anwell has signed a
preliminary agreement with Brazil Energy for the sale of a turnkey production line for thin-film silicon solar modules.
Brazil Energy intends to purchase the Anwell Sunlite-120 line with an initial capacity of 40 MW (megawatts) per year. Anwell is on track to complete the line in 1Q2009 and will ramp up the capacity to 120MW by 2010.
Mr Frank Fan, executive chairman and CEO, said: “We are very honoured that
Premier Wen Jiabao graced our solar equipment plant with his presence. His visit has inspired us to work even harder to address China’s growing need for renewable energy.
"We are on schedule to have our 40MW fully automatic solar equipment online by 1Q09. We won’t let China down.”
ANWELL: Taking flight with Blu-ray and solar energy
ANWELL breaks into solar cell market as tipping point dawns


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Normally around this time of year as we head into BlackBerry World, RIM would be preparing to meet with financial analysts to discuss RIM's strategy and performance over the past little while and what may be ahead in the months to come. BlackBerry World has always had a focus for that dating back to even before it was called BlackBerry World. This year though, RIM has gone ahead and decided to change course and delay those meetings until sometime after BlackBerry 10 has launched:
"We decided to make BlackBerry World more focused on customers, developers and partners," RIM spokeswoman Tenille Kennedy said on Tuesday. "We will hold a separate session targeted at the interests of the investment community later this year, once BlackBerry 10 is launched."
No date for the meetings has been announced; much like how no date for the actual launch of BlackBerry 10 has been announced either. The focus on consumers and developers is certainly appreciated however; how the financial analysts will take the news remains to be seen. Though, we're sure we'll be hearing from them as well shortly.


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Toronto, ON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Grow Up Conference & Expo ("Grow Up"), a trailblazer in cannabis industry events, proudly unveils the inaugural Top 50 Cannabis Leaders in Canada, a landmark initiative recognizing the most influential figures in the Canadian cannabis sector. In conjunction with honouring and fostering industry excellence, Grow Up is launching the much-anticipated CannaVision '24 Executive Summit, a two-day exclusive event held in Toronto, ON from May 27 to 28, 2024, that will serve as a pivotal platform for addressing the latest trends, regulations, market developments, and investment opportunities in the global cannabis market.
Carefully curated by Grow Up, the Top 50 Cannabis Leaders in Canada is the first of its kind in the country and highlights individuals who have displayed exemplary leadership, innovation, and commitment to advancing the market. "Grow Up's Top 50 list set out to answer the question: If someone wants to start a new cannabis business in Canada and speak to an industry expert, who would we recommend?" explains Randy Rowe, President of Grow Up. From entrepreneurs trailblazing new paths to industry veterans shaping the future, these leaders serve as a beacon of inspiration for the next generation of cannabis professionals. The full list is available at Grow Up Top 50.
"As we celebrate our Top 50 leaders, we're also setting the stage for CannaVision '24, an exclusive event for decision-makers that will explore the future of 'Field to Yield', focusing on every aspect of the cannabis industry from cultivation to consumer," adds Randy Rowe.
The CannaVision '24 Executive Summit will feature insightful keynotes from industry pioneers, panel discussions covering critical topics like regulatory challenges and sustainability, and networking sessions for exploring business opportunities. Tony Chapman, known for his captivating presence and insightful perspectives, will host and moderate the two-day event. Other distinguished speakers include Rob McPherson, former President of Bacardi Canada, who will bring extensive experience in Consumer Packaged Goods and a keen understanding of brand marketing, as well as Steve Lobel, a visionary from both the entertainment and cannabis industries and Alison Demelis, Head of Enterprise Solutions Group at LinkedIn, who will guide delegates on how to elevate their LinkedIn profiles and become thought leaders in the space.
The CannaVision '24 Executive Summit invites delegates to be part of the conversation that defines tomorrow. Tickets are available now with super-early bird pricing at $599 until January 31. For further details and to purchase tickets, visit CannaVision ?24.
Grow Up's Industry Conference and Expo offers an affordable alternative to the CannaVision '24 Executive Summit and will be held in Toronto, ON from May 28 to 29, 2024. This industry event is aimed at a broader audience including growers, retailers, and budtenders, ensuring inclusivity in accessing industry insights. For more information, visit https://growupconference.com/toronto/.
About Grow Up Conference & Expo
Established in 2017, Grow Up Conference & Expo has become a benchmark event in the Canadian cannabis industry, known for its high-profile speakers, diverse programming, and commitment to uniting forward-thinkers and industry experts. For more information, visit Grow Up Conference & Expo.
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Daily Archives: April 12, 2018
Thursday, April 12, 2018 The Lee Network FOR IMMEDIATE RELEASE Tiffany Watson the Main Stage at Sapphire New York this Saturday Night (New York, NY) – Premier feature dance agency The Lee Network announces adult star Tiffany Watson will perform at Sapphire New York. Fans can watch Tiffany Watson’s sensual feature dance show live on the main stage this Saturday, […] Continue reading
Thursday, April 12, 2018 Heather Vahn FOR IMMEDIATE RELEASE Heather Vahn Headlines at San Francisco’s World Famous Crazy Horse (San Francisco, CA) – Exotic beauty Heather Vahn heads to the city by the bay for a three-night appearance at the world famous Crazy Horse San Francisco. In between sets fans will get a chance to take photos, get […] Continue reading
RIDE BodyWorx Announces First New Products of 2018 Media Contact: Denise Kraft, NaughtyPR, email@example.com, 206-852-1656 FOR IMMEDIATE RELEASE: — April 12, 2018 — Dallas TX — Following the successful redirection of their brand identity, RIDE BodyWorx (http://ridelube.com/) has announced two new product opportunities immediately available both direct to consumers and wholesalers. RIDE BodyWorx is pleased […]
The post RIDE BodyWorx Announces First New Products of 2018 appeared first on Naughty PR Releases.


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With the latest Windows 10 Build 17074, Microsoft pushed out several new features and improvements to the Fast Ring Insiders. The company made improvements to its default web browser Microsoft Edge along with other improvements like Quiet Hours and more.
The company has also made a lot of improvements to the Windows Settings and Storage section for Windows 10 PCs. The Storage Settings now has a new Disk Cleanup functionality introduced with the latest build. The new option helps users to make more space in the Hard disk by clearing any unwanted or junk from the PC.
A new Temporary file section has also been added to the Settings section helping users to scan for temporary files, thumbnails and contents in Recycle Bin to delete them easily and make some most wanted space.
Design improvements have been made to the Sound Settings section by adding a new “App volume and device preferences” option to help users customize audio experience as per their needs. The new option is available under Other sound options.
About Settings has received a lot of improvements in the latest build with the company now introducing an option to select and copy the device name. A link to the System info has also been added, clicking on which will take you to the About Settings.
Managing app names has now been simplified in the latest build with Microsoft adding a new page under Apps and Features Settings which help you to turn on and off the multiple apps which use the same names.


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ERLANGER, Kentucky (AP) — Toyota says it expects to return to full North American production in September.
The Japanese automaker says production is recovering faster than expected after the March 11 earthquake and tsunami in Japan. Eight of Toyota's 12 North American-built models returned to full production June 6.
The supply of car and truck parts to automakers across the world was interrupted after Japanese factories were damaged by the earthquake and tsunami, or stricken by the power outages that followed.
Toyota Motor Corp. was among those hardest hit. It cut production to about 30 percent of normal in May and warned dealers to expect shortages of some models well into the summer.
Toyota officials say that after September the automaker will focus on making up as much lost production as possible.


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The Nike Air Force 1 has catered to multiple design aesthetics in the past year, most being eclectic in use of pattern, color, and even material. But, while taken quite far more recently through collaborations with Ruohan Wang and the like, the silhouette is now starting to create a sort of balancing act piece by piece as it employs the basics with the upcoming Air Force 1 Craft “Riderock.”
The model at its purest, the offering layers on new palettes and premium materials. The leather, which is touted as “crisp,” by Nike copy, is evidently higher quality, its tumbling worked into the toe box, heel, and everything between. Swooshes and heel tabs contrast with a black material whose exterior is marked bold with an all-over texture replete with diamond-like shapes. Elsewhere, white midsoles round off the construction, matched near perfect to the dubrae that embellishes the vamp.
Grab a detailed look at this upcoming AF1 here and keep an eye out on Nike SNKRS as a release is scheduled for October 3rd.
In other news, the LeBron 18 was officially unveiled.
Nike Air Force 1 Low Craft "Ridgerock"
Release Date: Oct 3rd, 2020
Mens: $120 Style Code: CT2317-200
Make sure to follow @kicksfinder for live tweets during the release date.
Where to Buy
More like this at ebay


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Analysts expect PC Connection, Inc. (NASDAQ:CNXN) to post earnings of $0.46 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PC Connection’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.50. PC Connection reported earnings of $0.42 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that PC Connection will report full year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.40 to $2.47. For the next financial year, analysts forecast that the firm will report earnings of $2.62 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow PC Connection.
PC Connection (NASDAQ:CNXN) last announced its earnings results on Thursday, February 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. The business had revenue of $709.50 million during the quarter, compared to analysts’ expectations of $693.49 million. PC Connection had a net margin of 2.39% and a return on equity of 12.41%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS.
In other news, Director Negrini David Beffa sold 12,300 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $40.14, for a total value of $493,722.00. Following the transaction, the director now owns 109,500 shares of the company’s stock, valued at approximately $4,395,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack L. Ferguson sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $41.65, for a total transaction of $124,950.00. Following the completion of the transaction, the director now directly owns 87,680 shares in the company, valued at approximately $3,651,872. The disclosure for this sale can be found here. Company insiders own 57.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of PC Connection in the 4th quarter valued at about $39,000. Great West Life Assurance Co. Can bought a new position in shares of PC Connection in the 4th quarter valued at about $58,000. Legal & General Group Plc boosted its stake in shares of PC Connection by 23.6% in the 4th quarter. Legal & General Group Plc now owns 2,255 shares of the company’s stock valued at $67,000 after purchasing an additional 431 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of PC Connection by 11.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,075 shares of the company’s stock valued at $91,000 after purchasing an additional 318 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of PC Connection by 17.6% in the 4th quarter. Citigroup Inc. now owns 3,702 shares of the company’s stock valued at $110,000 after purchasing an additional 554 shares during the last quarter. 41.50% of the stock is currently owned by institutional investors.
Shares of PC Connection stock traded down $0.09 during mid-day trading on Monday, reaching $35.68. 49,651 shares of the stock were exchanged, compared to its average volume of 68,377. The stock has a market capitalization of $940.38 million, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08. PC Connection has a fifty-two week low of $26.30 and a fifty-two week high of $43.05.
PC Connection Company Profile
PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.
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Mother today launched its "Mother Goods" venture, a website and Instagram account that will showcase a range of products designed to change how people think about and behave around specific issues in the world.
The independent agency revealed that it was launching "Mother Goods" as part of its new Make Our Children Proud platform in June. It intends to seek and develop product ideas that create progress for the world based on social and cultural issues, from gun control to LGBTQ+, women's rights and social media addiction. While some will be available for retail, others are created simply to highlight causes and issues.
In addition to including previous Mother ventures, such as its "luxury diaper" made as a stunt in collaboration with Goop and Baby2Baby to highlight the U.S. tax on diapers, the "Mother Goods" site includes several new products.
Kickback Lounge Wear is a range of bullet-resistant leisurewear designed "to protect you from guns in the comfort of your home." Designed to highlight the inertia around gun violence in the U.S., the range includes a bathrobe "lined with the finest ballistic aramid fiber body plates, giving you the protection and peace of mind you need in a country where you can get shot by anyone, anywhere, anytime." Other designs in the range include slippers and a lawn chair.


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Kisby has spent the past 14 years at Southeast Community College in Milford, Neb., as an instructor in the GM ASEP.
Share this...FacebookTwitterLinkedinemailWheatridge, Colo.—The National Automotive Service Task Force (NASTF) has hired Holly Wolfe, of Wolfe Strategies LLC, as managing director. Wolfe will be spearheading several…
The initiative features a new website, nadafoundation.org, which includes the first and only interactive U.S. map of training and scholarship opportunities available for aspiring technicians.
It announced the order and delivery of two additional EV ARC units to a Southern California city in Los Angeles County.
Share this...FacebookTwitterLinkedinemailSalt Lake City—Gail Miller, chairman and owner of the Larry H. Miller Group of Companies, and the Board of Directors have named Steven E.…
Members can retain agents and take advantage of the rates on the NATA health plans.
Oregon dismantlers need to be aware of a new law going into effect in January of 2020, states the Northwest Automotive Trades Association (NATA).


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Health professionals monitor EpiPen shortage
EXETER – People who need EpiPens are scrambling to find them, or an alternative, following an announcement by the Food and Drug Administration of a shortage.
The FDA lists the shortage as being due to manufacturing delays from Mylan NV, the company that produces and owns the rights to EpiPen.
An EpiPen is used to counter a severe allergic reaction to certain foods, bee stings, medication, latex, and anaphylactic shock, which can be fatal. The pens are injected through the thigh, releasing a burst of epinephrine into the body.
The pens are sold, by prescription only, in two-packs for an average cost of $650. They are found in many households, in school nurses' offices and at medical facilities.
Because of aggressive marketing, EpiPen is considered the gold standard, but there are alternatives, like Adrenaclick and Auvi-Q. Adamis Pharmaceuticals has a new product, Symjepi, which is FDA approved but not on the market.
Dr. Nicola Vogel of Core Allergy and Immunology said she hasn’t seen many problems from the shortage yet. She has suggested that some of her patients call around to see which pharmacies have them available if they express a concern over the shortage.
“The good news is that EpiPen have a long expiration date, so if they have one, they are fine for now,” said Vogel. “The other thing is that some insurances may not cover some of the alternatives so that is a consideration.”
Locally, pharmacies are feeling the shortage.
Richard Meinking, PharmD, director of pharmacy for Wentworth-Douglass Hospital, said EpiPen are on shortage periodically.
“The unfortunate consequence when these types of medications go on shortage, is that when they do become available many places will over order in response to the shortage to ensure they have what they need for a longer period of time,” said Meinking. “Therefore, not all places may be able to get it before it goes out on shortage again. We artificially create another shortage in response to a shortage. Adult EpiPen are currently unavailable to order but that could change tomorrow. We look daily and sometimes multiple times a day to order medications currently on shortage.”
Meinking said the generic EpiPens are just as effective but noted that some of them pose a safety risk because the needle remains exposed after use.
“Within the hospital, we try to avoid using these to prevent occupational exposure,” said Meinking. “We have been able to fill all of our prescriptions for EpiPen in the outpatient pharmacy. We have not had calls from patients asking if we had it either.”
“If there were no EpiPen or generics available, we could still provide epinephrine, but it would require a lot of education with patients and would pose an additional safety risk. (The) chances of overdosing go up significantly. This will need to be evaluated if it ever gets to that point.”


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By Gina McColl
"Spank me if I'm wrong" is recommended sales "banter" in the customer service manifesto, and daily selfies must be sent to managers so they can determine whether their retail workers are exposing three items of branded lingerie.
This is the bras, corsets and sex-toy chain Honey Birdette, where former staff say they were given formal warnings or publicly shamed if they didn't wear heels high enough or lipstick red enough.
It's also where sexual harassment of staff by customers is persistent and widespread, ranging from leering and inappropriate comments to in-store masturbation and stalking.
The fast-growing shopping mall chain, set up in the wake of international brands Victoria's Secret and Agent Provocateur and part-owned by billionaire Brett Blundy, is selling a fantasy of feminist sexual emancipation. But staff say the reality for them is dangerous and exploitative workplace conditions.
Their story comes after revelations in Fairfax Media of the widespread sexual harassment of women by their customers, and the virtual inaction of regulatory authorities.
At Honey Birdette the problem starts, former workers say, with the recruitment process. Candidates are vetted for their looks via video interview or through their Instagram and Facebook profiles.
"They are looking for girls who take lots of photos of themselves and carry themselves in a way that is more exposed to the public; [girls] who are actively seeking that kind of acceptance and who they can mould into their ideal," says Nadelle, one of 10 former employees from three states who have spoken to Fairfax Media.
Once employed, "Honeys" must adhere to a strict uniform policy that includes high heels and skirts (trousers are banned), and items from current lingerie ranges – which staff must buy (at a discount). Specific "Hollywood starlet" make-up is also a requirement.
Ex-workers say they spent $150-$200 a week (up to a third of their after-tax income) conforming with the brand's uniform requirements. But handling boxes and climbing ladders to access stock was a daily hazard in the "uniform". One ex-worker said she left after injuring her back moving boxes while wearing a Honey Birdette corset.
A culture of surveillance included the daily selfies, as well as surprise visits and after-hours emails to make sure "Honeys" stayed back after closing, on unpaid time.
It is a culture many former workers say made them stressed and anxious. One said that, once on the way home from work, she had found herself weeping and hyperventilating in the emergency lane.
"I felt constantly watched, constantly on edge," says Alice* who worked for Honey Birdette in regional Queensland.
Alice once posted a photo of herself in a new "set" (bra, knickers, suspender belt and hosiery) to a staff group chat, only to find it in an Australia-wide company email the following week. "I was like, they just posted my boobs on the internet … no one asked me ... that was a bit confronting."
Adding to their vulnerability, many were rostered entire days on their own. Women say they were refused toilet and meal breaks because they were not allowed to close the shop. One says she urinated in an empty rubbish bin in desperation one day, another that she didn't drink, to limit her distress.
"I wouldn't eat for eight hours – a few times I almost fainted," says former staffer Mabel.*
Among every 10 customers, about three were men, one of whom would invariably leer at them, or make sleazy remarks, the ex-workers say. Demeaning and intimidating behaviour was most frightening for those working unaccompanied.
One 19-year-old worked alone for a 6pm-to-6am shift during a pre-Christmas 36-hour shopping centre trading marathon. With other nearby retailers closed, she was "very intimidated" by drink and drug-affected male customers. Others talk of men pestering them with probing and personal comments or using the sex toys in the store to masturbate.
Honey Birdette management had no training in dealing with sexual harassment, the women say, nor formal complaint mechanisms. Managers would respond by advising staff to turn the behaviour into a sales opportunity: "They'd say, 'He's probably shy; just go with it, then they'll buy something'," one former employee, Jess, said.
Jess said she was stalked for almost a year by a customer who sat on a bench outside her store and stared at her day after day, and then found out where she lived. He later showed up near her home.
"I got no sympathy or support from work," Jess said.
When she went to court for a restraining order, Honey Birdette required her to take unpaid leave, and asked her to be as quick as possible because she was the best saleswoman.
The chain had a "Little Black Book" of rules for staff (which includes "Spank me if I'm wrong" among recommended phrases), and the company's sales handbook suggests selling women corsets "for the work Christmas party and have them all wondering where you kept those spectacular goodies hidden all year!"
Numerous women use the word "cult" or "brainwashing" to describe their experiences at the chain. Former managers talk of a revolving door of staff.
Some staff were long-standing customers who say they were initially attracted to working at Honey Birdette for its stated goals of sex-positive and body-positive female power.
"Our Honeys are here to not only empower women but to entertain them," is one of the legends on the company website.
Tori Bellentina, a lingerie collector and blogger, was wooed by managers who had noticed her then-40,000 Instagram followers. But she refused to buy the brand's lingerie, arguing the work uniform should be supplied to workers for free. She also demanded to be paid for the time worked before and after the shop's opening hours, as required by the chain. She was "let go" after four months.
"You say you're empowering women, but you also say I need to tell customers to spank me," says Kate, who worked for the company for two years.
Honey Birdette declined to comment.
On Thursday, a campaign by former workers, co-ordinated by the Young Workers Centre staged protests outside a Melbourne Honey Birdette store. A petition calling on Honey Birdette to cease sexist workplace practices and stop encouraging harassment by customers attracted 5400 signatures towards a target of 6000 in its first week.
Discrimination experts say the allegations of unpaid work, dangerous conditions, bullying and harassment potentially breach the retail workers award and numerous workplace and safety laws.
*Not her real name. Names changed for privacy.
If you have been sexually harassed by a customer/client and want to discuss making a complaint, contact the Human Rights Commission national information service on 1300 656 419 or (02) 9284 9888


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The makers of “Ambitious Adventures,” an online television show on the Entrepreneur Network, brought their production to Iowa to illustrate what makes certain business ideas a success and to feature some of the entrepreneurial talent within Iowa’s Cultivation Corridor. Ames-based KinoSol, a member of the CYstarters program’s inaugural cohort, was one of the companies featured on the show which first aired on Nov. 13.
Entrepreneur Network partner Greg Rollett said one of the keys to growing a startup business is building a team — bringing people on to help the business fulfill its mission and dream. “True growth as an entrepreneur is to build a team around you,” Rollett said.
KinoSol is an example of a successful company that has done just that. As Iowa State University Global Development students at the time, a business plan competition at Iowa State gave KinoSol founding members Clayton Mooney, Elise Kendall, Ella Gehrke and Mikayla Sullivan, an opportunity to pool their resources to work on a project to address world poverty. Their first prototype, “KinoSol 1.0,” an all-natural conduction-system food dehydrator, was built as a means to address food insecurity issues that affect people all over the world. From that initial project, KinoSol went on to form a company and expand their product design to their first commercial product, the Orenda, a solar-powered food dehydrator with a storage component, designed to help families in developing regions to preserve additional food and nutrients.
“They’re tackling something big, but the fact they have a team, I mean, without their team, they wouldn’t be able to do that,” Entrepreneur Network partner Brandon T. Adams said. “They have somebody who does social media, somebody who pitches for them, somebody who works with a manufacturer — that team is how they’ve become so successful.”
Learn more about KinoSol and its team members at getkinosol.com


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Pubs and restaurants will not be able to trade as normal once the six-week lockdown is over in the run up to Christmas as the country will remain at least level 3 until the New Year.
Finance Minister Paschal Donohoe has confirmed bars and restaurants will remain at level 3 until the end of year and, therefore, will not be able to re-open fully in time for Christmas.
Speaking at a press conference, Mr Donohoe said that even if a move to level 3 before Christmas, it will still create many challenges for the hospitality sector.
In what will be a devastating blow for thousands of businesses across the country, Mr Donohoe’s comments make clear there is little or no chance of returning to a level 2 or even level 1 in time for Christmas.
“In relation to level 3, that is what we are working to get to, but it is the case that we move to level 3 it will still create many challenges for those in our hospitality sector. But that is why we brought into VAT rate of 9% and it's why will maintain the EWSS up to the 31st of March,” he said.
At the same press conference, Public Expenditure Minister Michael McGrath confirmed that the Cabinet approved the introduction of a system of graduated fines which will be announced later.
Defending the move, Mr McGrath said the motivation for their introduction of fines is to ensure greater compliance with the restrictions.
“And in relation to the issue of fines, I think the vast majority of the Irish public has been really compliant, but it does annoy them greatly when they see small minority of people flagrantly breaching the guidelines and rules,” he said.
“I think the vast majority of people want to see that there is a consequence for that, and they want to see that there is enforcement. The reckless behaviour of a minority can mean in extended restrictions for everybody. And so I think that's why this is a proportionate move and is the right thing to do,” he said.
Mr McGrath said it's only part of the overall mix of measures.
“The overall message is that we need people to buy into this in its totality, the state is quite rightly, providing an enormous amount of public resources to help our country get through this period. It can't be sustained indefinitely. And so we need the support and the by the public to bring them bring us on to a point where these restrictions are no longer needed,” he said.
Earlier, Restaurants Association of Ireland CEO, Adrian Cummins, said 30% of a pub's income is made during the Christmas period, and that the loss of this revenue would mean "game over" for many pubs.
He said: "If we don’t have an opportunity to trade during December and that 30% of income doesn’t come in to our business, it’s game over for at least 50% of the business we represent.
"It's that serious."
Mr Cummins added: “At level 3 restrictions, only 20% of restaurants will open with outdoor dining capacity.
“That means 80% won’t open at all. That puts them in a very precarious position."


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Israeli-Founded Open Source Security Firm Snyk Nabs $70M Investment
Israeli-founded cybersecurity company Snyk, which provides security solutions for vulnerabilities in open source libraries, announced the closure of a $70 million investment round on Tuesday led by US VC firm Accel and existing investors GV and Boldstart Ventures.
Founded in 2015 by Guy Podjarny, Assaf Hefetz, and Danny Grander, Snyk helps companies and developers find vulnerabilities in their open-source code and stay secure. Major clients include Google, Microsoft, Salesforce, and Adobe.
This most recent investment follows Snyk’s $22 million funding in September 2018 also led by Accel, and brings the total funds raised to date to $102 million.
Snyk said in a statement that the additional $70 million “puts the company in a strong position to accelerate its go-to-market strategy, continue to drive massive growth in product adoption and usage, and continue its expansion into new global markets.”
Snyk said its global user community has expanded to over 300,000 developers worldwide, with a customer base that grew by some 200 percent in 2019.
“Increasingly, enterprises around the world understand that the combination of DevOps adoption and growing security awareness are driving the security industry to urgently adapt in order to keep up,” said Podjarny, co-founder and president at Snyk. “Snyk was founded on the belief that developers will embrace security given the right solution. Four years later, we’ve seen that vision become reality, with hundreds of thousands of developers using our solutions to secure their containers and applications. We are excited to use this investment to further build out the products, resources, and community to expand this market leadership to even more development teams and enterprise organizations.”
“Today, every business, from manufacturing to retail and finance, is becoming a software business,” said Peter McKay, Snyk’s CEO. “There is an immediate and fast-growing need for software security solutions that scale at the same pace as software development. This investment helps us continue to bring Snyk’s product-led and developer-focused solutions to more companies across the globe, helping them stay secure as they embrace digital innovation – without slowing down.”
Accel’s Matt Weigand said the VC firm believes that “Snyk is bringing a truly unique, developer-first approach to security in the enterprise. The strength of Snyk’s customer base, rapidly growing free user community, leadership team and innovative product development prove the company is ready for this next exciting phase of growth and execution.”


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Samantha Cameron was spotted wearing swimwear by British brand Pour Moi? whilst holidaying in Ibiza last week.
The Prime Minister’s wife, who’s celebrated her support for the British fashion industry having taken on advisory roles to the British Fashion Council, wore the Azure bikini in black.
Pour Moi? said it has seen a “great increase” in online sales since the picture of Cameron was released yesterday.
The Azure bikini top, styled with shimmery fabric and a bow in the centre front, is available up to a 38F.
Matching tie-side briefs complete the collection.


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(Pocket-lint) - Addison Lee has confirmed that it volition beryllium taking its fleet of rider cars electrical by 2023.
Addison Lee claims that it volition beryllium making the determination successful beforehand of different ample backstage prosecute conveyance companies successful London, truthful your adjacent Addy Lee, could beryllium electric.
The institution already has immoderate 650 electrical vehicles connected the fleet pursuing the takeover of ComCab earlier successful 2021, but the electrification plans are truly going to beryllium driven by the Volkswagen ID.4, with Addison Lee announcing a concern with VW.
That's going to enactment a batch of ID.4 connected the road, thing that's going to rise the illustration of VW's fantabulous electrical SUV. It has plentifulness of space, plentifulness of scope and we tin spot that for hopping crossed London oregon getting those aboriginal greeting lifts to the airport, the ID.4 volition springiness a comfy and quiescent ride.
Addison Lee says that it volition pb to 20,000 zero emanation journeys astir London each day, with an concern of £160million driving the determination to electric.
The situation for Addison Lee is going to beryllium managing the fleet and the charging to guarantee a seamless service. Acknowledging that charging infrastructure presents a challenge, Addison Lee has confirmed that it's looking for a spouse for charging - with quality to travel successful the future.
Hopefully, expanding demands from businesses similar Addison Lee volition pb to a boost successful the availability of dedicated accelerated chargers astir London, portion accrued familiarity from regular trips successful electrical cars similar the VW ID.4 volition assistance that modulation distant from combustion for everyone.
Writing by Chris Hall. Originally published connected 21 September 2021.


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As a fresh food, charcuterie requires high-performing packaging that guarantees the quality and safety of the product, Veroni has devolopped an innovative charcuterie trays. For this reason, our new packaging ensures the high-quality of our cold cuts and, has a low environmental impact as well. Thanks to the new eco-friendly packaging, Veroni’s charcuterie is not only good to enjoy, but also good for the environment with the new innovative charcuterie trays! The trays combine a completely transparent film top that can be put in plastic recycling and a thermoformed paper bottom to throw into paper recycling.
Here what Deli Market News writes about our 100% recyclable sustainable trays:
“Innovation and sustainability meet in a wonderful new charcuterie trays thanks to Veroni. The Italian, family-owned cured meat producer is rolling out new packaging that allows consumers to enjoy the fresh and authentic taste of its Italian charcuterie all while feeling good about saving the environment.
Read the complete article on Deli Market News!


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TELUS today announced that YouTube will be accessible on all Optik TV 4K digital boxes. TELUS customers that already have 4K digital boxes will simply see the app appear automatically. Customers can easily access YouTube via channel 322 or through the Apps Launchpad. YouTube on Optik TV is specifically designed for a big screen viewing experience, with easy-to-discover content and access to HD and 4K videos.
YouTube now available on TELUS 4K boxes | Digital TV News


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Samsung is a giant in electronics and one of the latest projects is a major investment in its foundry operation where it manufactures semiconductors and circuits for other partners. An operation that has grown fast after only a few years and is starting to get close to market leader TSMC.
Samsung is one of few manufacturers of home electronics and PC components that has the capacity to develop and manufacture its own wafers. This makes it easier for the company to tweak its own products with new technology. For example the Exynos 4210 SoC and AMOLED panels that have been praised.
On top of its own circuit manufacturing Samsung has expanded its circuit manufacturing so much that it has started to take on big contracts from other companies. This is what other semiconductor manufacturers like Globalfoundries and United Microelectronics Corporation (UMC) does, but not the least the world’s largest foundry Taiwan Semiconductor Manufacturing Company (TSMC).
Among the companies Samsung is cooperating with today is Apple, where Samsung manufactures the SoC Apple A5 for iPhone 4S and iPad 2. Despite a frosty relation with big customer Apple, Samsung is expected to increase its capacity and foundry venture next year. Samsung foundry CAPEX (expenses for new development and investments) will be close to 7 billion dollar in 2012, which is 21% of Samsung’s entire CAPEX budget and is nearly double up from the 3.8 billion dollar it invested in 2011.
Samsung manufactures everything from NAND flash (above) to LCD panels and processors.
This number is on par with what the world’s largest foundry TSMC spent during 2011, where it had a record high CAPEX at 7.3 billion dollar and is yet to reveal its investment for 2012.
Samsung will increase its manufacturing capacity with 192% and expects to be able to make 526,000 200mm wafers per month in 2012, a big step up from 180,000 wafers per month in 2011. The focus is not surprisingly on memory chips and LCD panels, to areas where Samsung has plenty of experience.
Interestingly Samsung is said to continue working with the business model it has built up with among others Apple. Samsung will not only supply the physical circuit manufacturing but also develop a tailored circuit after customer requirements, something that is becoming very popular.


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Radiant Logistics To Host Investor Call To Discuss Financial Results For Third Fiscal Quarter Ended March 31, 2022
Call Scheduled for Tuesday, May 10, at 4:30 PM Eastern
Radiant Logistics, Inc. (NYSE American: RLGT), will host a conference call on Tuesday, May 10, 2022 at 4:30 PM Eastern to discuss the Company’s financial results for the three and nine months ended March 31, 2022.
Radiant Logistics, Inc. (NYSE American: RLGT), a third-party logistics and multimodal transportation services company, is pleased to announce it has been recognized by Transport Topics in both the Logistics Top 100 as well as the Freight Brokerage Top 100 for 2022.
Radiant Logistics, Inc. today announced that it has filed a new universal shelf registration statement on Form S-3 with the United States Securities and Exchange Commission...


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PANO – The national flag carrier Vietnam Airlines launched a promotion program for its passengers flying to Europe on April 17th.
Until May 31st, travelers can buy cheap round-trip tickets for flights to Europe, departing from now to December 31st.
Flights to London/Paris from Ho Chi Minh City and to London/Paris/Frankfurt from any airports of Vietnam cost only VND 9.6 million (US$450) and VND 10.7 million (US$ 550), respectively.
The air fares exclude taxes and additional fees.
Further information is available at website: http://ift.tt/TpSd7A or its ticket offices and travel agents across the country.
Translated by Pham Huy
Đăng ký: VietNam News


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May declare them ‘defaulters’
The government will soon crack the whip on airline companies, travel agents and mainly online travel aggregators, for holding back refunds to passengers.
According to sources, the government has consulted former regulatory officials who have worked in the financial sector. The officials have advised that the government should soon come out with a policy on defaulters in the travel sector, to avert major financial frauds. A former official of the Forwards Market Commission, who recently retired from Indian Administrative Services, has also provided his recommendation to the government.
The problems of refund related frauds accentuated during the Covid-19 lockdown last year. Lakhs of customers who had booked airline tickets and done hotel bookings are fighting for refunds . Also, in many cases clients who had cancelled hotel room bookings did not get refund. This has led to piling up of cases and complaints with the various government departments, the sources said.
Nearly 585 international flights were cancelled to and from India between February 1 and March 6 last year due to Covid and close to 93 daily domestic flights were cancelled during that time. Even today, airlines continue to cancel flights. According to data from RateGain between 9,000 and 13,000 hotel bookings were cancelled each month between March and May 2020. This led to an increase in number of complaints.
IndiGo issued statements claiming it has refunded around 99.95 per cent, or ₹1,030 crore to its customers. Air Asia and GoAir, too followed suit. However, Air India has a high refund burden of around ₹1,000 crore, while SpiceJet owes approximately ₹30 crore to customers.
“People could have purchased tickets in January, for example, for a travel date in March. However, the tickets could be valid only for a year. Because the summer season was at its peak, agents had made numerous bookings, but the airlines were not able to pay for the refunds either because of their losses,” Jyoti Mayal, President, Travel Agents Association of India (TAAI).
In this regard, the association has written a suggestion letter to the MOCA. It has demanded financial security from all airlines against all defaults, a joint Working Group (JWG) to be formed by the Government, among others.
For international refunds, agents were able to get the settlement from IATA. But domestic airlines follow an upfront payment model where they would take upfront money from travel agents for bookings in an escrow account and issue tickets through that. Domestic airlines stopped giving refunds because the amount was huge.
These peaked in September and October, when grievances on refunds made up for over 80 percent of the total complaints. That reduced in the next three months, and came down to 41.3 per cent in January 2021. But in February, it rose to 54.6 per cent of the total complaints.
“What happened was when people started asking for refunds, it was a one way case because we didn’t owe any money to the airline, however, the airlines owed us crores. So when we started asking for refund, the airlines held their hands up because of Covid,” Mayal said.
The Pravasi Legal Cell moved a writ petition regarding refunds over cancellations. The apex court said in its order that the value of an air ticket refunded through credit shell vouchers will be increased by 0.50 per cent per month (6 per cent per annum) till June 30, 2020 and thereafter till March 31, 2021 up by 0.75 per cent per month (9 per cent per annum). However, only airlines in financial distress could issue credit shell vouchers till March-end.
The Directorate General of Civil Aviation (DGCA) too issued a circular addressed to all scheduled Indian airlines and scheduled international airlines operating to /from India in respect of refunds on cancellation of air tickets during Covid -19 lockdown, per directions issued by Supreme Court.
A few airlines said that they had started paying money back, however, it wasn’t upfront money. It was a credit shell. What this did for customers was they were misled to understand that agents did get the money and they were not refunding it.
“Even when they started refunding, they said that it would be only in the credit shell but not upfront money. What that entails is that when you are giving me the money, I cannot use it because there is no travel, it is a dead account. It is my right to get that money back into my personal account and not as a credit shell,” said.Mayal