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Increase the net profit for the first quarter of 2021 for listed companies by 176.6% compared to the same period for 2020
The Chief Executive Officer (CEO) of the Amman Stock Exchange (ASE), Mr. Mazen Wathaifi stated that 162 out of 174 listed companies provided ASE their financial reports for the first quarter of 2021, where the net profit after tax attributable to shareholders for the first quarter of 2021 for the listed companies has increased to JD293.8 million, compared to JD106.2 million for first quarter of 2020, an increase of 176.6
And the profit before tax for these companies increased to JD401.3 million for the first quarter of 2021, compared to JD175.2 million for first quarter of 2020, an increase of 129%.
At the sector level, the industrial sector increased in profits after tax by 668.8%, the services sector followed by an increase of 302.2%, then the financial sector increased by 70.7%.
The CEO explained that the first quarter of this year, despite continuation of Corona crisis and its repercussions, has witnessed a significant improvement in companies’ profits compared to the same period of 2020, which has not witnessed a lockdown for economic sectors except for the last two weeks of March for this period. Which calls for optimism for the improvement in the companies’ performance during the upcoming period in light of the positive developments regarding the expansion in vaccination campaigns, improvement in the economic performance, and the expectations of achieving positive growth rates of 2%.


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Farstad Sells ‘Far Grimshader’ PSV
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, sold the Far Grimshader platform supply vessel.
Delivery of the 1983-built vessel to the new owner has taken place today, Friday 7 February 2014. Sale of the vessel will give a booked profit of around NOK 15 million (USD 2.4 million) in the 1st quarter 2014.
Farstad did not say who the new owner was.

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According to a BILLBOARD interview with a doctor,
"Both the Bronze Eyeshadow Palette and the Ultra Glow Loose Powder Highlighter (from her "Vacation" collection) have aluminum, which I'd avoid," Dr. Moritz said. "The powder also includes Aluminum Chloride Hexahydrate, which is a category C and should be avoided." As for her famous lip kits, Dr. Moritz says that from what he sees on the packaging, the product is "generally safe," though, like all chemicals and dye, "should be limited to as needed."
"Any injections in pregnancy can go bad due to the body's decreased immune system," he said.
Looks like she should keep away from lip injections too. Uh oh!


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A friend was in a dilemma about how to vote last week. He was narked at the Tories for cutting his disability allowance, but delighted he’d been given a grant under one of the Business Department’s entrepreneur schemes to learn computer coding.
As a result, while his disability meant he’d had to jack in his job as a regional manager of a fashion chain, he’d been able to set up his own business helping retailers boost their online sales.
It’s fairly early days, but so far the money he’s earning with his new consultancy is making up for the lost welfare payments.
His is one of the many stories that don’t get told enough about the work the Department of Business, Innovation & Skills has been doing under the coalition.
There are plenty more: BIS’s rebooting of apprenticeships will help alleviate the need for British businesses to hire skilled foreign workers.
Knowledge Transfer Partnerships have helped university labs work closer with businesses to commercialise their inventions before the Koreans get there first.
Intervening to invest in key industries has brought extra strength to sectors like high-tech engineering.
Yet now, all the talk in Westminster is of plans championed by the right of the Tory party to disband or emasculate BIS to save money.
Adrian Bailey, MP, recent chairman of the business select committee, is so concerned that he’s launching an inquiry. Concerned business lobby groups are gearing up to campaign for more, not less, power for BIS.
Cutting a few hundred million off BIS would be an easy way to save money without enraging the public. But surely, if the big plan is to soften welfare cuts by boosting employment, an active and muscular BIS is what we need.
As the EEF has pointed out, we have been here before. Remember 1994, when Michael Portillo led the Tory right campaign to cull state aid for business? Then, he was faced down by the big beast Michael Heseltine.
The new business minister Sajid Javid is not as big a beast as Hezza. But he is well connected with George Osborne’s circle at the Treasury. His recommendations will get a good hearing.
The question is, what will the recommendations of a Thatcherite like Javid be? More state intervention? You decide.
Anyway, in case you’re wondering: my newly entrepreneurial friend stuck with Labour, but felt hugely guilty for not rewarding the Tories for his training. So he was relieved when I told him it was BIS’s Vince Cable he had to thank, not the Tories.
“Thank God!” he said, clearly relieved. “I could never have voted for those hypocritical Lib Dems!”Reuse content


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UF startup Cannabix Technologies Inc., developer of marijuana breathalyzer devices for law enforcement and the workplace, reports that engineers have achieved new, much higher levels of resolving power using a new PCB design and the latest mosfet chip technology leading to the highest level of molecular specificity to date with its Cannabix FAIMS Beta 3.2 circuit.
The Company also reports the design of a significantly more compact FAIMS circuit board, paving the way for a smaller device footprint relative to previous versions, enhancing portability. Cannabix is using its FAIMS technology to isolate and detect ∆9-tetrahydrocannabinol (THC), a non-volatile compound, in breath. The Cannabix FAIMS marijuana breathalyzer device uses ion mobility filtering techniques (related to mass spectrometry – the gold standard analytical technique for molecular detection). Cannabix Technologies is on the forefront in research and development to create point-of-care breath testing technologies for the detection of THC – the psychoactive component of marijuana that causes impairment.Learn more about Cannabix Achieves New Plateau With Its FAIMS Marijuana Breathalyzer Technology.


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The Central Bank of Nigeria (CBN) has said it’s various interventions into the Nigerian economy has spurred economic diversification.
The CBN Governor, Mr. Godwin Emefiele gave the indication at the weekend at a special seminar organised by the Central Bank of Nigeria, for Finance Correspondents and Business Editors with the theme “Policy Options for Economic Diversification: Thinking Outside the Crude Oil-Box”.
Represented at the event by the CBN Director Corporate Communications, Mr. Osita Nwanisobi, Md. Emefiele said the CBN “has taken major leaps to diversify the economy away from largely oil-based economy through our numerous interventions.”
“We have supported non-oil sectors such as agriculture, manufacturing, health care, education, power and aviation and other allied economic value chains. You may recall that our flagship Anchor Borrowers’ Programme (ABP) that heralded recent rice revolution in Nigeria has changed the long-standing dependence on imported rice as the country is not only depending on domestic production, but we have now become a rice exporting country. The Commercial Agriculture Credit Scheme (CACS) is a major special purpose vehicle to support commercial farmers in the country in different value chains including oil palm, cotton, cocoa, among others” he explained.
The apex banks Governor said the “continued support to the manufacturing sector and MSMEs have been yielding great results as the implementation of 44 items not valid for FX for imports has revealed. Let me take this medium to inform you once again that our intervention in the health sector, for example has begun to reduce the health care tourism being sought outside the country which is helping to conserve our foreign exchange and improve our well-being.”
Furthermore, he said “the new 100 for 100 Policy on Production and Productivity (PPP), which is targeted at harnessing our local raw materials to increase our domestic production, as well as exports through our deliberate credit and other supports, will soon begin to yield quality results. Moreso, the RT200 FX initiative designed to take advantage of our large domestic production to other regional markets is targeted to increase foreign exchange inflows to the economy and support exchange rate stability. In addition, the on-going work at the Dangote Refinery, when fully completed, will stop fuel importation just as we witnessed in cement, sugar and fertilizer market.”


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Earlier this morning, after 30 days of different designs Yahoo! finally, and rather anticlimactically, released their new logo design onto the world. Along with the new design came a rather baffling statement from Marissa Meyer, the CEO of Yahoo! who professed to creating the logo herself with an in-house team over the “majority” of a weekend. Now regardless of what you think of the new mark (that’s a whole other post altogether), this statement is not likely to sit well with designers and even at the time of writing Twitter has become awash with discussion around Miss Meyers comments.
Last week also saw video-sharing site YouTube roll out a new look logo. Ditching the plump, over volumised look, the new look design largely focuses on a flattened play icon with a thinner more refined typeface. As with the redesign of any corporate giant’s logo these days, the design community jumped on it with the new look strongly dividing opinion. The Drum published a piece entitled ‘Industry Reaction to YouTube’s New Logo‘ and spoke to some of the industries leading brand experts about their thoughts on the new approach.
Now there’s nothing wrong with stimulating debate around design, but considering YouTube have released a statement saying that the old logo “is not going away” and is still the “core part of YouTube” it seems a little hasty to start critiquing a design which is yet to be fully integrated into the brand’s visual identity. And here in lies the problem. As a community of designers, I feel we’re sometimes too quick to judge logo designs which have been pulled out of context and have no back story attached to them. It’s a lack of context that makes logo designs such easy prey. I’ve lost count of the number of times I’ve seen a storm erupt within the Twittersphere over the latest high profile identity redesign. With the launch of Yahoo!’s new brand mark today, we’re likely to see a huge number of reactionary posts circulating the web later today. Everyone wants to be part of the conversation and suddenly everyone becomes a designer.
This can however be a rather dangerous practice. A case in hand was the recent redesign of Everton Football Club’s crest. The new design of the crest which has been well documented here by Creative Review sparked such outrage from the fans and club supporters that a petition with over 20,000 signatures was put forward and the club had to scrap the new design altogether. The whole saga became a witch-hunt and the victim was actually a well considered and well reasoned piece of design (the club actually released a 8-page rationale behind the design of the new crest which is worth a read).
In a similar vein, you may also remember the University of California logo which was launched last year to such distain and public outcry from the design community and general public alike, that they pulled the monogram altogether. What was interesting about this, was that the monogram was initially released away from any sort of context and in complete isolation. There was no explanation behind the design and it wasn’t until later on, when the full design system and application (as documented here by Brand New) of the mark was revealed, that the reasons for the design began to make more sense.
And here in lies the problem and the reason for this post. Until we have a full understanding of the strategic approach and application of the mark, surely we must tread lightly? With the rise and accessibility of Twitter, it’s never been easier to share content and opinion and whilst freedom of information and speech can only be a good thing, amongst the noise and hysteria perspective can sometimes get lost. What we must understand as designers is that behind every redesign there is a story and whilst we’re not always privy to that information, until we fully understand the context and process behind a new piece of design it’s wrong for us to adopt ththis digital lynch mob mentality. For whatever reason, branding still seems to spark more debate than other topic within the design cocommunity. The fact that a redesign of a logo for organisations such as Yahoo!, YouTube or Everton FC can cause such heated discussion, is testament to the importance of a strong company identity and the continuing strength of branding in today’s modern world.
What do you think? Are we too quick to react to a new logo design? Do we need to give it time to settle and see it in it’s full context? We’d love to know what you think. Join the debate.


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Electrical automobile maker Tesla CEO Elon Musk has stated that it’s going to enhance the worth of its Full-Self Driving (FSD) software program to $15,000 after its huge launch.
In a put up on the microblogging platform Twitter, Musk wrote that the brand new value will go into impact in North America beginning September 5.
“FSD Beta 10.69 began rolling out to Tesla house owners final night time. This construct is an enormous step ahead! 10.69.1 most likely finish of the week with a wider launch. 1069.2 in a number of weeks needs to be ok to supply to all FSD Beta contributors,” Musk wrote on Twitter.
“After the huge launch of FSD Beta 10.69.2, the worth of FSD will rise to $15k in North America on September fifth. Present value will likely be honored for orders made earlier than September fifth however delivered later,” he added.
The tech billionaire talked about that customers can improve their present automobile to FSD in 2 minutes by way of the Tesla app.
Just lately, a report stated that the Google-owned streaming platform YouTube had eliminated a video that confirmed a dad or mum experimenting with FSD capabilities in opposition to his children strolling throughout or standing on the street.
The video confirmed Tesla proprietor and investor, Tad Park, testing FSD options together with his children.
Throughout the video, Park drives a Tesla Mannequin 3 towards considered one of his kids standing within the street, after which tries once more together with his different child crossing the road. The car stopped earlier than reaching the kids each instances.
(Solely the headline and film of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)


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December 10, 2012 at 04:59 AM EST
CirTran Corporation (PINK:CIRC) Bursts on the Scene
A new penny ticker burst on the scene late last week after emerging from bankruptcy: CirTran Corporation ( PINK:CIRC ). The company is famous for its licensed Playboy energy drink and other innovative products, yet only recently it added 200% to its stock in a bid to move away from the triple-zero stock price. While the company is not being actively promoted, it managed to get good volume on press releases after a US court declared the company out of bankruptcy and allowed it to protect again its Playboy energy drink license. Besides a range of innovative and interesting products, CirTran Corporation may be facing some trouble in the financial department as high liabilities and writing off losses sent the company to bankruptcy court. Here is the latest status for CIRC: $39,497 cash $1.22 million total assets $28.64 million current liabilities $344,514 loss from operations This negative working capital may spell trouble for the company, which now faces a legal battle for its bellwether brand. If the company manages to improve its condition, it may benefit from its long history as manufacturer of innovative electronics. The company has several product lines in its portfolio besides drinks and electronics- sports shoes, web consulting services and cheap offshore manufacturing services. The positive news lifted its stock from $0.0006 to $0.0018. [BANNER] Pink sheet companies dealing with beverages have a different path, relying on a solid product to break through and remain a risky bid. In the case of Bebida Beverage Company ( PINK:BBDA ) success may come slowly and lag behind the PR hype on news websites, thus posing danger for large intraday losses. The BBDA ticker is currently not in promotion and was only briefly mentioned in an email by The Stock Wizards this summer, so the producer of relaxation drinks relies mostly on its own strength and marketing appeal. The BBDA ticker awakened after a series of PR messages stating healthy financial results and the involvement of a Coca Cola Company bottler in the development and marketing of the KOMA relaxation drinks brand. In addition to the hype Bebida announced a new shopping website serving the Belgian market and selling to several other European countries. The BBDA stock has been falling as the season for cold drinks has ended, and its summer performance showed significant risk, the ticker easily erasing two-thirds of its value within three days.
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A firm called Endland LLC has purchased two 26-story apartment buildings at 251 Cherry Street on the Lower East Side for $170.8 million, according to city records.
Endland LLC, an entity affiliated with Pembroke Companies, bought the buildings from Helen Drew on Sept. 24.
On its Web site, Pembroke describes itself as "a privately held real estate investment, development and management firm. Pembroke makes significant, usually lead investments in both public and private real estate companies, whose portfolios include multifamily residential properties, net lease retail and shopping centers, industrial properties and other mixed-use properties."
Calls to Pembroke's founder were not immediately returned.
Pembroke got some bad press earlier this year when it sought to purchase the 200-unit, Mitchell Lama Trinity House, on the Upper West Side.


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Richard Lane, Co-Founder & CEO at Durhamlane, talks about the impact leaving the EU will have on business sales.
ZeroLight – the business revolutionising global car sales
‘Global North East: Driving growth in North East trade and exports’ is a new report published by the North East Local Enterprise Partnership – in partnership with the Department for International Trade (DIT) and North East England Chamber of Commerce – that outlines how the region can build its competitiveness, drive higher productivity, and create more and better jobs by…
New government-backed business support programme aims to increase digital technology adoption in North East manufacturing sector
A new business support programme aimed at helping manufacturing SMEs in the North East increase digital technology adoption, innovation and skills has launched in the region. Made Smarter Adoption North East connects manufacturing businesses to digital tools that can transform the way they work. The programme, which is backed by government, aims to drive growth…
Three types of innovation explained
Alan Welby, Innovation Director at the North East Local Enterprise Partnership (North East LEP) is responsible for encouraging innovation within the region, with the aim of building a more productive economy and creating more and better jobs. Here, he outlines the three main ways businesses can apply innovation to what they do. The simplest way…


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The Sustainable Furnishings Council (SFC) is among the entities named to the Forest Stewardship Council (FSC) 10th Annual Leadership Awards.
The SFC met criteria as a U.S. based nonprofit organization focused on goals shared by the FSC, including forest conservation, the fight against climate change, and wildlife protection.
Recognized for the success of its annual Wood Furniture Scorecard initiative, which the SFC launched in partnership with the National Wildlife Federation (NWF) in 2018, the scorecard identifies retailers with wood sourcing policies that actively promote and support sustainable practices.
For its 2020 Wood Furniture Scorecard edition, which was published last month, the SFC expanded the initiative to include small and medium-size retail stores contributing to increased consumer demand for FSC-certified wood furniture, the world’s most trusted forest certification system.
“We’re extremely proud of this recognition from the FSC,” says SFC Executive Director Susan Inglis. “FSC wood certification plays a critical role that is good for business as well as for the environment, and I look forward to continuing to work with their organization.”
Retailers of wood furniture can learn more about why responsible wood sourcing matters and why responsible wood sourcing is good for business by visiting the SFC website at www.sustainablefurnishings.org.
The Sustainable Furnishings Council is a member-based organization committed to improving sustainability in the furnishings industry.
About the Sustainable Furnishings Council: The Sustainable Furnishings Council is
dedicated to promoting healthy environments inside and out. SFC
provides the most comprehensive information on environmental, safety,
and health issues in the home furnishings industry and champions
initiatives that improve products and processes. The SFC and its Members
work to address sustainability and social issues, and offer clear
information to consumers, the media, and other partners. Find us on Twitter, Facebook, Instagram, Pinterest.
Furniture Industry News and in depth magazine articles for the furniture retail, furniture manufacturers, and furniture distributors.
Read other articles by Nic Ledoux


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Most people think of a battery as a device that stores electrical energy. Startup Promethean Power has developed what it calls a thermal battery that will first be used to cool milk in Indian villages.
Promethean Power has signed a contract to supply 50 of its milk chillers to Hatsun, India’s largest privately owned milk processor, the company’s two founders said this week. The company has also raised money, less than a million dollars from First Light Accelerator, for a joint venture called Promethean Spenta Technologies to make the chillers in India.
It’s a step forward for the Promethean Power, which was founded by two Boston-area social entrepreneurs over five years ago. The founders—Sorin Grama and Sam White—have endured many travails, both on the technology and business side, in an effort to create a cost-effective product for India.
Initially, the company had planned to make solar-powered milk collection stations to chill milk from individual Indian farmers. (See, Cheap, Off-Grid Cooling.) Because electricity service is unpredictable in India, particularly in rural areas, milk is typically collected twice a day and transported to larger processing centers, rather than refrigerated on site. If centers could chill milk reliably and collect milk for longer hours, small farmers would be able to sell more milk.
But the solar-powered milk chiller was simply too expensive for India, which led to a radical shift in technology strategy. Instead of clean power generation, the company focused on developing an energy storage technique that would allow milk collectors to chill milk when grid power was out without having to use dirty diesel generators.
Its thermal battery is a cylinder-shaped tank with a phase-change material inside. Milk is poured over the cylinder when the material, which stays liquid to 27 degrees Fahrenheit, is cold and quickly cools the milk. Because the cold energy is effectively stored in the cylinder, the chiller can work for hours without grid electricity or a diesel generator.
When electricity is working, the chiller circulates another fluid around the battery to lower the temperature. That fluid is pumped through a separate device, a compressor loop which extracts the heat and lowers the temperature of the circulating fluid. One of the biggest engineering challenges is making the chiller smaller to bring down the cost of materials, White told me before moving to India to help oversee product testing.
First deliveries of the company’s chillers will made in April and will be used exclusively in villages, says Grama in an email from Mumbai where the Indian joint venture is based. “Many of them are quite remote. We have also developed a remote monitoring feature using the cellular network that allows our customer to remotely monitor the performance and get a warning if the system fails,” he says.
The company is also working on a product for fruit and vegetable cold storage and a cooler for trucks using the same thermal storage technique. R&D continues to be done in Boston.
Although Promethean came to a thermal battery while trying to address the problems of India’s unstable grid, the idea of using thermal energy storage is already being used in air conditioners.
Two companies—Calmac and Ice Energy—have air conditioners that chill water to make ice at off peak times. The energy stored as ice is then tapped for chilling during peak times when electricity prices are higher. New materials and engineering could open up more uses of thermal energy, according to a study done by the Department of Energy, which says that 90 percent of the world’s primary energy is either consumed or wasted thermally.
DeepMind’s cofounder: Generative AI is just a phase. What’s next is interactive AI.
“This is a profound moment in the history of technology,” says Mustafa Suleyman.
What to know about this autumn’s covid vaccines
New variants will pose a challenge, but early signs suggest the shots will still boost antibody responses.
Human-plus-AI solutions mitigate security threats
With the right human oversight, emerging technologies like artificial intelligence can help keep business and customer data secure
Next slide, please: A brief history of the corporate presentation
From million-dollar slide shows to Steve Jobs’s introduction of the iPhone, a bit of show business never hurt plain old business.
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According to the Semafor report, the affected workers include pharmacy technicians and team leads, while registered pharmacists were largely unimpacted.
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Amazon’s healthcare businesses were affected by the layoffs earlier this year. Some employees in the company’s pharmacy, digital health tools and Halo fitness band units were laid off, the CNBC report added.
Amazon has fired about 27,000 employees to date — 18,000, announced in January this year, and another 9,000 in March.
Amazon CEO Andy Jassy, in a January email to staff, cited an "uncertain economy" and "rapid hiring" as reasons behind the job cuts.
“We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support,” he had said.
Then, in March, Jassy wrote in a blog post that the global retail giant would axe a further 9,000 employees, affecting staff mostly in Amazon Web Services or AWS, Amazon People eXperience and Technology (PXT), advertising, and Twitch, a live streaming platform for video gamers.
“As we’ve just concluded the second phase of our operating plan (“OP2”) this past week, I’m writing to share that we intend to eliminate about 9,000 more positions in the next few weeks—mostly in AWS, PXT, Advertising, and Twitch,” he said in the post.
ET had reported in November that the etailer was looking to cut jobs in India as well. The etailer shut its relatively smaller businesses in India like food delivery, wholesale distribution, and Amazon Academy as part of the restructuring.
Tuesday, 28 Nov, 2023
- GenAI Models Not Always Factual, Issue Needs Fixing: Google’s Jeff Dean
Jeff Dean, chief scientist, Google Deep Mind and Google Research, spearheads Alphabet Inc’s recently merged artificial intelligence groups – Deep Mind and Google Brain. Among its most famous engineers, Dean joined Google in 1999 and has since been at the forefront of AI research in Silicon Valley.Subsidies may Run up ₹50k cr Higher Bill
India’s overall subsidy bill may surge by ₹50,000 crore this fiscal year because of increased expenditure on fertilizer, cooking gas and food security.Voda Idea may Miss Dec Deadline for Fund raise
Vodafone Idea (Vi) may miss the December deadline to raise fresh funding as the debt-laden telecom operator has yet to finalize the terms of the potential deal with investors, officials aware of the discussions told ET.


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Rising feed and energy costs to pressure pork producer returnsRising feed and energy costs to pressure pork producer returns
RaboResearch expects weaker industry growth; global trade to slow.
April 12, 2022
According to the latest Rabobank quarterly pork report, producers' returns will be challenged by rising costs – including feed, energy, freight, herd health and labor expenses. Production growth is expected to slow, as is global trade. Consumers' response remains difficult to gauge, as the impact of higher-cost pork is not yet fully reflected in most markets.
Producers' costs continue to escalate in most regions, led by the increase in feed costs. Grain and protein meal costs are higher following a disappointing South American crop and the recent disruption in the Black Sea; and lower global inventories increase commodity volatility. Feed costs vary by region, which provides some advantage to producers with ample local supplies in North America and parts of South America.
Higher energy, freight, herd health and labor expenses will also weigh on producer returns over the balance of 2022. "The recent spike in energy costs will put additional pressure on an already stressed global supply chain, just as it was emerging from an extended disruption," says Christine McCracken, senior analyst – Animal Protein at Rabobank.
Cost inflation and growing market uncertainty are affecting hog producers' plans for growth. Disease-related production loss in parts of North America, the European Union and Southeast Asia will weigh on 2H 2022 production growth, limiting global pork availability and helping to boost expected hog prices. Sow herd reductions taken in early 2022 should limit pork production in 2H 2022, with higher-cost feed expected to limit any benefit from higher slaughter weights.
Increased global uncertainty due to recent geopolitical conflicts and a shift away from a reliance on trade will weigh on trade flows through 2H 2022, just as slower growth in economically sensitive regions could limit pork imports. "An estimated 11% of annual pork production is destined for global markets, with most export-dependent countries unable to absorb excess pork in local markets. This vulnerability could force some regions to reevaluate their relative exposure to exports and export-led growth," explains McCracken.
The drop in anticipated export volume is expected to be partially offset by higher pork values, with total trade value expected to near USD 45bn again in 2022.
How consumers will respond to higher pork prices is also uncertain. Pork prices do not yet fully reflect the higher underlying cost of production in Europe and some parts of Asia, as the meat supply continues to exceed market needs. "The production response has been muted in most regions thus far but will begin to impact availability beginning in 2H 2022," according to McCracken.
Efforts to contract the breeding herd, when combined with lower productivity in parts of North America and the EU, will help restore producer profitability, while putting pressure on non-integrated packer-processors. Packers already facing higher operating costs may have some difficulty passing on higher hog costs, given expected consumer weakness. They will focus on optimizing throughput and work to extract additional value from the carcass where possible.
Source: Rabobank, which is solely responsible for the information provided, and wholly owns the information. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.
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Articles tagged ‘xfx’
The Radeon HD 6850 is AMD's latest mainstream stalwart, and we take a look at no less than seven custom editions from some of the biggest names in market such as ASUS, Gigabyte, MSI, PowerColor, Sapphire and XFX.
We have gathered the fastest and coolest Radeon HD 5870 cards from the biggest names in the industry - ASUS, Gigabyte, HIS, MSI, PowerColor, Sapphire, XFX - all in the name of finding out who will reign supreme.
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Anaheim, Calif. (PRWEB) June 21, 2018
Uplive USA will be sponsoring the most exclusive VidCon After-Party in Anaheim with some of the most popular YouTube creators and influencers on the night of VidCon opening day. The event will be organized by Rise9 and Mashup LA in a location close to Anaheim Convention Center where the annual VidCon Convention will be taking place. More than 700 mega influencers already confirmed their attendance with over 150+ featured creators from VidCon. Most of the influencers attending the event will have an average reach of 5M with some bigger stars have more than 50M reach and subscribers. Among the stars attending includes Ricegum, FazeRug, David Dobrik, Smosh, Liza Koshy, and many others. Uplive has also invited many social influencers including Cavalier’s basketball team assistant coach Phil Handy and some A list rappers.
Uplive USA is sponsoring the most exclusive Rise9 VidCon After-Party in Anaheim with more than 700 mega influencers and over 150+ featured creators from VidCon.
VidCon is an annual convention where tens of thousands of influencers gets to meet the best of the industry and network to improve their content and fans. This is the eighth VidCon and it has almost doubled the attendance every year since 2010. Founded by John and Hank Green, Vidcon has been the premium social media convention in the world. The afterparty will be filled with celebrity musical performances, a wide selection of food, open bar, streaming contest and opportunity to win tons of prizes including $1,000 cash prize sponsored by Uplive.
“We are very excited to partner up with MashUp LA and Rise9 to sponsor this event and have the opportunity to host so many mega influencers and provide them with a fast growing monetization live streaming and crypto currency platform,” an executive from Uplive USA told press. “We are still new to the US market, but we are an established brand globally. In US alone, we have signed up over 2000 streamers since January and is growing rapidly. We have many aspiring young artists, musicians, singers, songwriters, comedians, actors who want to showcase their talent, grow their fans, make some money and have fun. We are just perfect for that.”
As part of Asia Innovations, UpLive is a live-streaming platform that allows viewers to broadcast and view real-time videos via their smartphones. The platform’s unique blockchain protocol allows users the ability to send virtual gifts to content creators, which can then be exchanged for money. Currently Uplive has over 100,000 broadcasters and over 60M downloads worldwide and is available in over 100 countries, the app currently supports sixteen languages including Arabic, Chinese, French, Portuguese, Spanish and Thai. In addition, 25 million virtual gifts have been purchased monthly. Its own cryptocurrency GTO is the fastest selling ICO with daily trading volume of 20M to 200M per day.


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Inflation in Kenya
Kenya - Inflation
Inflation drops in August
Consumer prices rose 0.31% over the previous month in August, contrasting a 0.89% month-on-month decline in July. Out of the total 12 sub-components, 10 recorded higher prices, one was stable from the previous month, and the remaining one registered a drop in prices. Prices for alcoholic beverages, tobacco and narcotics increased the most while prices for education were unchanged from the previous month, and prices for food and non-alcoholic beverages was the only category that recorded a fall in prices.
Inflation dropped to 4.0% in August from July’s five-month high of 4.4%, remaining close to the midpoint of the Central Bank’s medium-term target range of 2.5%–7.5%. Meanwhile, annual average inflation declined to 4.6% in August from 5.0% in July.
FocusEconomics Consensus Forecast panelists expect inflation to average 5.3% in 2018, which is down 0.3 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 6.0%.
Kenya - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.7||6.9||6.6||6.3||8.0|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Inflation Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||12.57||0.0 %||Sep 20|
|Exchange Rate||100.8||0.05 %||Sep 20|
|Stock Market||0.1||0.0 %||Sep 20|
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September 5, 2018
Kenya’s private sector gained speed in August, as reflected by a climb in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
August 31, 2018
Consumer prices rose 0.31% over the previous month in August, contrasting a 0.89% month-on-month decline in July.
Kenya: PMI falls to lowest level since January in July but remains above the critical 50-point threshold
August 3, 2018
Kenya’s private sector lost momentum in July, as reflected by a fall in the composite Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, which dropped to 53.6, down from 55.0 in June.
July 31, 2018
Consumer prices decreased 0.89% over the previous month in July, mirroring June’s print.
July 30, 2018
At its recent meeting held on 30 July, the Monetary Policy Committee (MPC) of Kenya’s Central Bank cut the Central Bank Rate (CBR) to 9.00% after the rate was held at 9.50% at its last meeting in May.


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UPDATED CONTENT Aug. 8 — JM Exotic updated its recall notice, reporting that the recalled turmeric was solely distributed to a farmer’s market in Doraville, GA, from May until August.
An Alabama company is recalling ground turmeric because samples from an unnamed supplier have been found to contain excessive levels of lead.
The recall notice on the Food and Drug Administration’s website also did not indicate if the recall is related to a June 28 ground turmeric recall by a New York company that was also spurred by excessive lead.
The JM Exotic Foods recalled ground turmeric is packaged in 4-ounce, clear plastic clamshell containers. The implicated containers have the item number 1153 and one of the following lot numbers: 16131185 or 16165184.
“Customers who have purchased this product are urged not to consume the product and should return it for a full refund. Consumers with questions may contact customer service at 205-699-2889,” according to the company’s recall notice.
“While the (FDA) has not set a specific limit on lead in spices, there is a limit of 0.1 ppm (parts per million) in candy. The Environmental Protection Agency has stated that lead levels of 0.015 ppm in drinking water require treatment. Lead can accumulate in the body over time, and too much of it can cause serious and sometimes permanent adverse health consequences.”
Children are particularly susceptible to lead poisoning, which can cause developmental problems and life-long implications, according to the Centers for Disease Control and Prevention.
(To sign up for a free subscription to Food Safety News, click here.)© Food Safety News


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The company has launched a new tool – Snaplications.
Fast food giant McDonald’s and its independent franchisees across the US plan to hire 2.5 lakh employees this summer. These potential hires are in the age group of 16-24 years and found in large numbers on modern apps – 80 percent of the people in this age group use Snapchat. To tap this rich source, the company has launched a first-to-market hiring tool named Snaplications (by merging the two words – Snapchat and application).
The tool serves as a video ad on Snapchat; users on the chat application get to watch a 10-second video of real restaurant employees talking about the benefits of working at McDonald’s. Interested candidates can then can then ‘swipe up’ to instantly visit the McDonald’s career webpage on Snapchat, explore the opportunities offered by McDonald’s, and apply to local restaurants.
All candidates, however, must go through the normal process of recruitment, including interviews and other formalities.
Jez Langhorn, senior director, human resources, McDonald’s USA, says in an official communiqué, “We’re always looking for new and innovative ways to find job seekers. We thought Snaplications was a great way to allow us to meet job seekers where they are – their phones,” he adds.
“As we see the younger generations seeking out their first jobs, we want to make them aware of the great opportunities available at McDonald’s, especially considering we’re committed to being America’s best first job,” he says.
Although launched in the US for the first time, the activity was tried in Australia early this year. The company also uses other platforms such as digital music service, Spotify and American subscription video-on-demand service Hulu to reach potential job seekers.


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Why it might be harder to find a Christmas tree this holiday season
It's the 2008 Great Recession, Charlie Brown.
A nationwide tree shortage this holiday season is being blamed on the Great Recession of 2008.
The Pacific Northwest Christmas Tree Association said there was an oversupply of trees about 10 years ago — the amount of time needed to grow a supply of trees — so growers planted fewer trees at the time to save money.
The effects are being felt this season.
The association is warning shoppers that there are fewer trees to choose from this year.
"It's bad. It's the worst I've seen in a long time," Matthew LaCasce, co-owner of the Finestkind Christmas Tree Farm in Dover-Foxcroft, Maine, told The Associated Press. The farm sells about 10,000 trees each season and is turning down orders every day from desperate retailers, LaCasce said.
Regional factors also are exacerbating the problem.
For example, a spring frost damaged trees at some farms in Nova Scotia, Canada, choking off some supply in the Northeast. Some Canadian farms in New Brunswick are buried under snow from recent storms, making it difficult to get trees onto trucks for shipment.
A shortage of Fraser trees, the most popular on the East Coast, had some North Carolina buyers scrambling to find balsam firs in New England. In Oregon, some people are taking Fraser fir trees from the East instead of noble firs that are the most popular tree on the West Coast.
"Supply and demand seem to always be in some flux," Chal Landgren, a Christmas tree specialist and professor at Oregon State University, told the AP via email.
When consumers do find that perfect tree, it'll cost more — by as much as 10 percent.
The lack of supply is having a bigger impact on charitable organizations and smaller tree sellers than on larger operations.
Those seeking a live tree for the holiday season have another option besides the local tree farm. Amazon announced in September it planned to ship trees within 10 days of being cut down.
About 27 million trees are expected to be sold this holiday season. That's roughly the same as the last two years, according to the National Christmas Tree Association.
The Associated Press contributed to this report.


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Despite the popularity of Fantasy Sports, there has only been confusing surrounding their legal standing. A piece of proposed legislation can soon validate daily fantasy sports sites like FanDuel and DraftKings and declare their activity as lawful in Georgia.
Different positions make things complicated
The fan following for daily fantasy sports seems to be growing by the millions in the USA but despite the attractiveness of these games, they seem to have the public divided in two. While some claim fantasy sports is nothing more than a game of luck, others maintain it is a skill based activity.
Fantasy sports sites allow players to create virtual teams comprising of digital representations of real athletes; they can then pay a fee to enter these teams into tournaments and win actual cash prizes when their teams are victorious. The performance of their teams is dictated by real life accomplishments of the athletes themselves, therefore, many believe, it requires specialized skill and knowledge to build and manage these digital groups.
State Senator, Renee S Unterman of Bulford, filed a new legislation, to explicitly declare fantasy sports a game of skill in Georgia. She believes, fantasy sports are very different from traditional gambling- buying a lottery ticket or scratch card. This bill is the first of its kind to be introduced in the state. It looks to offer consumer protection for the users of the growing industry; it would set up minimum age requirements and ban employees of operating companies from participating in their virtual matches.
A lobbying success?
Attorney Page Pate, of Pate and Johnsons Law Firm stated that the motivations behind this legislation are less philanthropic than it may seem; while it looks like the government is trying to bring regulation to the fantasy sports industry, big operators like FanDuel and DraftKings are in fact lobbying behind such bills to clearly establish their legal status, and in turn boost their profits.
Georgia Lottery has unmistakably stated that under current gambling laws, fantasy sports should be classified as illegal activity but refused to comment further until they had reviewed the bill. The fantasy sports industry is under much scrutiny in various states in the country. There are ongoing federal investigations into their activities in New York and Florida, while Nevada and Hawaii have plainly labelled them as illegal.


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Now, correct me if I’m wrong, but a manufacturer may create the best piece of technology in the world — one that may even join the ranks of the best VR headsets — but without proper software support, that wouldn’t mean anything.
It was only recently that we talked about the discontinuation of the Magic Leap 1 and how a severe lack of apps on the platform was one of the reasons why the AR headset failed. As such, if Apple wants to make the Vision Pro blow up, proper app support is required.
Luckily, the Big A has this huge online market called the App Store that it could just bring over to the Vision Pro. And would you look at that: that’s pretty much what’s about to happen. But with a few twists that require explaining some specifics.
So, let’s give some context: starting this fall, a new update to the visionOS beta will grant developers access to a new App Store. And when I say new, I mean that it will be the same thing, but with a new category containing only apps made specifically for the Vision Pro.
Will that category be only visible on a Vision Pro? One of the questions to keep in mind for another time.
Now, of course, that doesn’t eliminate the standard version of apps. And while they won’t have any extra-spicy, XR-specific features, they will likely still work fine. My guess is that users will be able to place these around them through virtual monitors.
But, that still begs the question: what is required in order to get an app to go from the regular apps section to the Vision Pro exclusive VIP lounge? Well, an update from the developer, of course. Or, an entirely new version of the app built from the ground up, in some cases.
Before that happens, though, this App Store release needed to happen. I mean, if you’ve got an app released and using it through a virtual window works fine, and just as you intended, then why would you start making a new version, exclusive to visionOS, right?
After the visionOS App Store gets released, we’re likely going to find ourselves amidst a boom of announcements of exclusive app versions — or confirmations that such won’t actually happen.
But the important takeaway here is that, even if an app doesn’t get a super-special XR version, the Vision Pro will — most likely — still be able to run it.


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Demand for oil is dropping, Amazon has a new grocery store plus stocks to watch today in the Money and Markets Wall Street Wake-Up.
The Top Story
The global demand for oil is expected to see its first decline in nearly a decade, according to the International Energy Agency (IEA).
For the first quarter of 2020, demand is expected to fall by approximately 435,000 barrels per day. The agency cut its 2020 growth forecast by 365,000 barrels to 825,000 barrels per day.
The dip in demand comes as fears over the spread of the coronavirus continue to impact global markets.
Sinking oil demand has negatively impacted prices. As of early Thursday morning, West Texas crude dropped 0.7% to $50.79 per barrel while Brent crude fell nearly 1% to $55.24 per barrel.
In other market news, U.S. equities are poised to open down Thursday.
As of 8 a.m. Eastern time, Dow Jones Industrial Average futures were off 0.7%, as were S&P 500 futures. Nasdaq Composite futures were down nearly 1%.
Stocks to Watch Today
Tesla Inc. (Nasdaq: TSLA) — The company announced a $2 billion common stock offering Thursday, causing shares to dip 4.4% in premarket trading.
Aurora Cannabis Inc. (NYSE: ACB) — Shares of the Canadian cannabis producer dropped 0.6% after the company reported lower-than-expected revenue, which it said will continue to be impacted due to negative industry headwinds.
Cisco Systems Inc. (Nasdaq: CSCO) — Despite reporting strong earnings and revenue, the technology company forecast a revenue decline of nearly 3.5% for the current quarter. Shares of Cisco were down 4.6% before the market open.
In the News
According to the Congressional Budget Office, the U.S. government will likely forgive up to $207.4 billion in student loan debt in the next 10 years.
The agency said there will be $1.05 trillion in new student loans taken out from 2020 to 2029 and much of that will wind up as income-driven repayment.
A large part of the forgiveness will come to students who take out loans to pay for graduate school. The CBO said $167.1 billion, or 56% of the amount extended, will be attributed to grad school students.
About $40.3 billion of the loans forgiven will be for new loans made for undergraduates.
Presently, about 43 million Americans owe $1.51 trillion in federal student loans. Income-driven repayment plans set monthly payments at 10% of the borrower’s discretionary income. Those payments, in most cases, do not cover the interest. That causes loan balances to continue to increase.
After the payment plan expires, the federal government forgives the balance of the loan.
Regulators Investigating Barclays CEO Over Links to Jeffrey Epstein
Officials in the U.K. are looking into the professional relationship between British bank Barclays PLC CEO Jes Stanley and deceased financier Jeffrey Epstein.
The Wall Street Journal reported the U.K. Financial Conduct Authority is investigating the relationship and how Stanley presented that relationship to both the bank and U.K. authorities.
Stanley, an American was recently penalized in 2018 for attempting to find out the identity of a whistleblower. The penalties equaled about a quarter of Stanley’s annual salary.
Stanley said he met Epstein when Stanley worked for JPMorgan & Chase Co. (NYSE: JPM) in 2000. Epstein was found dead in August 2019 in a New York detention center where he was awaiting federal charges of sex trafficking.
Amazon’s New Grocery Store Looks Like a Supermarket
Buried in a Woodland Hills strip mall is the first in a new chain of grocery stores being constructed by Amazon.com Inc. (Nasdaq: AMZN).
According to Bloomberg, the new Los Angeles neighborhood store looks an awful lot like … well … a grocery store.
The 33,000-square-foot store is the first of several the company plans to open in cities around the country.
Other Morning Reads
3 Cheap 5G Stocks to Buy Right Now (Money and Markets)
Japan to Spend 10.3 Billion Yen to Fight Coronavirus (Reuters)
Here’s Why Cannabis Stocks Continue to Struggle (Money and Markets)
Here are the companies releasing earnings reports today:
Alibaba Group Holding Ltd. (NYSE: BABA)
American International Group Inc. (NYSE: AIG)
Aurora Cannabis Inc. (NYSE: ACB)
PepsiCo Inc. (Nasdaq: PEP)
Roku Inc. (Nasdaq: ROKU)
Chart of the Day
The top five companies by market value on the S&P 500 are all tech companies — and it’s not even close.
Apple Inc. (Nasdaq: APPL), Amazon.com Inc. (Nasdaq: AMZN), Alphabet Inc. (Nasdaq: GOOG), Facebook Inc. (Nasdaq: FB) and Microsoft Corp. (Nasdaq: MSFT) make up the top five with a collective value of close to $5 trillion.
The total valuation of the S&P 500 is around $27 trillion.
Check back each morning before the opening bell for stocks to watch today with the Wall Street Wake-Up, here on Money and Markets.


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Businesses in Moray can apply for financial support from the Covid Economic Recovery Fund being administered by Moray Council.
To ensure local businesses can move towards recovery, growth and building resilience, a budget of £400,000 has been agreed for the provision of a Discretionary Business Support Fund.
The fund will provide grants of £6,000 to businesses that pay non-domestic rates and have been affected by ongoing Covid-19 mitigations.
Recognising that many local businesses have little reserves left as a result of the pandemic, £410,000 of funding will go towards town centre capital business improvements and start-up grants.
The purpose of the grants is to improve the attractiveness of the business, encourage people to shop local and to generate increased footfall.
Moray Council’s Head of Economic Growth and Development, Jim Grant, said the Covid Economic Recovery Funding will allow the council to support the varied needs of businesses across Moray.
“Businesses continue to face the effects of the Covid-19 pandemic on a daily basis.
“The flexibility of the funding will allow us to target our support to those who need it most as we focus our efforts on recovering from the pandemic.
“We will start processing applications from 25 April onwards – we politely ask that applicants not send follow up enquiries or emails, as it slows down the process of awarding funding.”


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Could we be living life from the comfort of our own home soon? A new technology called "telexistence" aims to make it possible. The tech would enable people to shop and travel without leaving home, and could eventually be used for remote medical visits. Hit the jump to find out more!
Japanese corporations Kodansha, Tezuka Productions, NTT DoCoMo, VAIO, and Fujisoft are all joining forces for the "Atom Project", a weekly subscription service that allows purchasers to build their own personal communciations robot based on the titular character from Osamu Tezuka's classic manga and TV anime, Astro Boy (known as Tetsuwan Atom in Japan). Hit the jump to learn more.
Pepper, a model of companionship robot developed by Aldebaran Robotics and SoftBank, will soon be updating its programming with a brand new suite of features that include such functions as providing multi-lingual tour advice, administering health checks...and ratting out potential shoplifters to the store management. Hit the jump to witness our terrifying dystopic future.
Aldebaran Robotics and Softbank are spreading a little holiday cheer with a humorous video in which a pair of Pepper companionship robots attempt to replicate the "Koi Dance" ("Love Dance"), an upbeat piece of dance choreography originally used to promote the live-action TV drama, Nigeru wa Haji da ga Yaku ni Tatsu. Hit the jump to bust a move.
From manufacturing to trucking, many occupations are being threatened by robots and other automata. Cosplayers might have a little more time before they need to start feeling threatened. This weekend, in time for Akiba Halloween, nine robots with big idol dreams gathered on an Akihabara UDX stage to present a Softbank Pepper recreation of the performance of Love Live!'s μ's. Get a look after the jump.
Sharp Corporation is now accepting online pre-orders in an advance of a May 26, 2016 release date for RoBoHoN, a tiny smart phone / companionship robot with a sizeable price tag. Hit the jump to learn more.
The Android Bazaar and Conference 2016 was held on March 12, 2016, at Aoyama Gakuin University, and the Japanese team of Engadget were on-hand to witness a demonstration of RoBoHoN, Sharp Corporation's upcoming communications robot / smart phone. Hit the jump to learn more.
The Winter Wonder Festival 2016 event has come and gone, and Japanese media site Gigazine was on-site to check out the prototype of the iDoll x Nendoroid Hatsune Miku "communications robot" that was on display there. Hit the jump to catch glimpse of the virtual idol toy in action.
iDoll and Nendoroid have announced that they are combining forces to produce a singing, dancing, palm-sized "communications robot" of Crypton Future Media's virtual idol darling, Hatsune Miku. Hit the jump to learn more.
Humanity's slow but inevitable conquest beneath the cold, steely pincers of our new robot overlords continues with the announcement that the most recent production run of Softbank and Aldebaran Robotic's Pepper companionship robots sold out in one minute. Hit the jump to calculate more.
Isaac's recently discovered the joys of mecha anime, but things weren't always like this! In this week's Aniwords, he traces his journey from fantasy anime fanatic to the robothugging sensibilites that have overtaken his life, and muses on how a the things that help us change over time. Get in the robot, reader, and hit the jump!
Nico Nico user Kairo-shi ("Circuits Master") has uploaded a humorous live-action video depicting the return of "the most useless machine in the world" - a little-sister themed robot that throws a tantrum when her "onii-chan" tries to turn her on with the switch located on top of her head. Hit the jump to check it out.
Pepper, a humanoid companionship robot created by Aldebaran Robotics and Softbank Mobile, was spotted in Ikebukuro in a lovely (and lively) Halloween costume. Hit the jump to trick-or-treat.


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Creative thinking and new printing techniques are transforming corrugated packaging into eye-catching uses beyond its traditional purpose, according to European Federation of Corrugated Board Manufacturers (FEFCO).
FEFCO says that the industry is continually investing to meet challenges such as the ongoing shift towards internet shopping, environmental concerns and food waste. It is already a pioneering force in sustainable, lightweight, recyclable packaging. Continuing innovative developments will offer significant economic, protective and sustainability advantages far into the future.
By working with print specialists, the corrugated industry is developing the most precise and effective technologies to handle the interactive tools that will meet the growing appetite of consumers for instant access to product information.
With flat printable surfaces, corrugated is ready-made for digital platforms such as smartphone apps using printed QR codes. Printing technology is available that enables print on demand, lower printing costs and the ability to create personalised packaging.
The industry has also embraced the virtual world in the way that it serves its customers: 3D simulation technology, used during the packaging design process, allows customers to see how their products will look on supermarket shelves in true format prior to packaging production.
Corrugated packaging protects more than 75 percent of Europe’s goods in transit
Its role in the protection and preservation of food continues to develop: bulk handling and storage of food ingredients and liquids during manufacturing process is increasingly carried out using large recyclable corrugated containers; cooler corrugated boxes for beer and beverages have recently been launched; a solution for the packaging of bulk-packed cheese where the structure of the board has been adapted, has resulted in zero product damage, a lower material usage of both board and stretch wrap, and an increase of product held on the pallet of +20 percent.
FEFCO’s Secretary General, Angelika Christ, said: “The corrugated industry is leading the way for packaging in the future. Innovative technology is improving both supply chain and in-store performance. Corrugated has already been transformed from protective transit packaging into multi-functional, colourful shelf ready packaging, without compromising product integrity.”
Source : www.worldbakers.com


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Easter distortions aside, the three-month average figures paint a positive picture and show the highest like-for-like sales increases since December 2009.
On the back of strong January and February results, this may be the beginning of a positive trend and will be welcomed by many retailers.
With Easter falling early this year, the April sales comparatives will be negatively affected but it is hoped that the positive bounce of the first quarter of 2013 can continue to be felt across the country, buoyed by the opening of new shopping centres in cities such as Leeds.
More top news
Author Irvine Welsh issued an expletive-laden attack after George Osborne referenced one of his characters in his party conference speech.
Cheryl Cole has been named as the "most dangerous celebrity" online measured by the amount of malicious websites linked to a star's name.
A 57-stone man determined to lose weight has become an internet hit after posting on Facebook inspirational videos of his workout routines.


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19 January 2013
Today we have the new 500ml bottle label for Fuller’s London Pride--outstanding premium ale. London Pride will come in at 4.7% ABV.
Just a few days ago we released the news of the Straub 2016 Legacy Sampler pack….so it’s exciting to give you an early peek (and sampling...
Back to TOP


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Blue Digital Media launches incubation centre for start-ups
The digital marketing company has allocated Rs 5 lakh for Q1 FY13 and is looking to invest in about four ideas in the first year of operation of the centre
Digital marketing company Blue Digital Media has commenced an incubation centre for new start-ups to nurture young talent. The company has allocated Rs 5 lakh for the first quarter of FY13 and is looking to invest in about three to four ideas in the first year of operation of the incubation centre.
The incubation centre has been set up with the dual objective of supporting young minds in moving forward with their idea in the digital space confidently, and to innovatively create more products in the digital space.
When asked how this centre would help entrepreneurs, Gaurav Singhal, Co-founder, Blue Digital Media replied, “Our plan is to help start-ups chart business plans, choose the right marketing strategy, and provide resources to grow and stand on its own. Our core team will be conducting entrepreneurship sessions in association with top business management institutes in the country. Recently, we have started an internship in entrepreneurship that no digital player is offering”
“We have already started receiving applications from candidates from top management institutions such as IIMs, Birla Institute, FORE, etc. for the incubation centre,” he added.
Talking about the company’s funding and expansion plans, Singhal divulged, “We believe that innovation in any business is the key and we’re looking for new partners who also think the same. Fresh funds generated will be utilised to create innovative digital properties and products in the near future that will achieve scalability.”
Blue Digital Media has partnered with Span Communications, DWA Media and companies in WPP and Percept groups. The company has recently completed digital marketing campaigns for NEC, Pearl Academy of Fashion, Indo Asia Tours, IIFP and Geojit BNP Paribas.For more updates, be socially connected with us on
WhatsApp, Instagram, LinkedIn, Twitter, Facebook & Youtube


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Alexander Agureev, the head of the nutrition department making a diet plan for astronauts, has announced what dishes will be served to astronauts on the ISS to celebrate the beginning of the new year.
There will be olives, pistachios, cranberries, ginger, honey, chocolate, and candies. According to Agureev, for many years, astronauts have had black caviar for New Year’s Eve dinner but this year the tradition will be broken, since the caviar will not be delivered for unknown reasons.
In addition, the astronauts will get ketchup, horseradish, onions and garlic, fruits and vegetables. The products will be delivered to the ISS aboard the Progress-MS-13 cargo spacecraft.
The spacecraft will be sent a few weeks before the New Year’s Eve — the launch is scheduled for December 6 — but all the products have a long shelf life and will be good enough for the holiday.
As previously reported, six astronauts are currently aboard the space station, including two Russians, Alexander Skvortsov and Oleg Skripochka.


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Chief Executive Officer of telecom company Jazz Mobilink has given a cheque of Rs.5 crore in PM Corona Relief Fund. According to News details, Special Assistant Zulfi Bukhari and Jazz CEO Amir Ibrahim had a special meeting with Prime Minister Imran Khan today.
At the meeting, CEO Jazz presented a cheque of Rs.5 crore for the PM Corona relief fund established to tackle with the Corona epidemic. The Prime Minister said that those who participated in the Corona Relief Fund deserve praise. He also praised the special efforts of the Special Assistant Zulfi Bukhari.
Meanwhile, the company has also announced a mechanism for users to contribute funds, according to which consumers will be able to send a message to 6677 and donate Rs. 20 in the relief fund.
A relief package of Rs 20 crore has been given by the company as a whole. Prime Minister Imran Khan praised the donation of the company’s CEO and employees to the Corona Relief Fund and thanked them.
Last week, the CEO of cellular company Jazz made a big announcement in relation to the Corona Virus Relief, while speaking at ARY News’ program Eleventh Hour, Jazz Company CEO Amir Ibrahim said that 1.2 billion (Rs. 1 billion 20 crore) has been allocated for corona relief. This amount will be spent in the next 3 weeks.


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AGFA: Giving Impetus to PRINT CHINA 2019 and Cooperating with Printing and Printing Equipment Industries Association of China in Green Printing
The 26th Shanghai International Ad & Sign Technology & Equipment Exhibition was grandly held in National Exhibition and Convention Center (Shanghai) on March 28-31, 2018. On the afternoon of March 29, Mr. Chang’an LU, Vice Chairman of Printing and Printing Equipment Industries Association of China (PEIAC), Ms. Fengna WANG, Deputy Secretary-general of PEIAC, Ms. Yina REN, Secretary-general of Packaging Sub-association of PEIAC, Ms. Xiaoyuan XIA, Project Manager of China Print Show Company Limited and journalists of CCP114, key cooperating media with PRINT CHINA 2019, came to AGFA booth, No. 3 Hall of the National Exhibition and Convention Center (Shanghai), to learn about AGFA’s status quo in China.
According to introduction, “AGFA will make efforts in three aspects this year. Firstly, AGFA will continue to vigorously promote green printing in the traditional printing. AGFA has already made remarkable achievements in the green development of printing supplies. Secondly, it will uphold the concept of developing large-printing under the support of national policies and strive to develop new technologies for inkjet printing. Thirdly, AGFA will open up new space for Indian enterprises to adapt to the development of the Internet in the field of e-commerce. ”
Through in-depth communication and exchange between the PEIAC and AGFA, both parties came up with a strong resonance in the concept of large printing and green printing. AGFA also briefed Vice Chairman Lu on the company’s latest achievements in advertising, building materials, printed electronics and reproduction of artworks.
The person in charge of AGFA introduced: “Whether it is industrial manufacturing, textile and building materials, or printed electronics, our printing industry has a very good potential, just like our company’s slogan: Infinite innovation, incarnation of printing art. AGFA has always sought to make progress in large printing. At the same time, it hopes that the Association will give the company great help. ”
Mr. Chang’an LU, Vice Chairman of Printing and Printing Equipment Industries Association of China, indicated, on the one hand, the Association is willing to actively support printing equipment suppliers to use their superior technologies to provide new solutions for the printing companies. For example, the jet printing deposition technology displayed at the exhibition has a broad market in the field of advertising and industrial printing. On the other hand, with the comprehensive advancement of the national environmental protection policy, PEIAC also shoulders the responsibility of finding a green printing technology solution for the country. For example, AGFA has industry-leading technological advantages in the field of traditional printing and plate making. This will offer a win-win opportunity for the green printing section of PRINT CHINA 2019 exhibition. It will provide equipment manufacturers with a professional display platform and bring new opportunities for the printing industry.
Finally, AGFA stated that it will further strengthen communication and cooperation with PEIAC. It will actively support the preparations for PRINT CHINA 2019 and will give high expectations to the Green Printing Zone set by the Association.


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John Lewis profits have slumped by 99 per cent, raising questions over the future of the department store chain.
John Lewis and Waitrose, which only rebranded last week, saw profits fall to almost zero in the first half of 2018 - down to £1.2million.
Chairman Sir Charlie Mayfield has admitted the retail industry is “challenging” and has blamed discounts by rivals, IT and the cost of stores for the fall in profits.
He also said that forecasting profits is “difficult” with the “level of uncertainty” over Brexit.
Sir Charlie told the BBC: "With the level of uncertainty facing consumers and the economy, in part due to ongoing Brexit negotiations, forecasting is particularly difficult but we continue to expect full year profits to be substantially lower than last year for the partnership as a whole."
However, he has hit out at Brexit secretary Dominic Raab over suggestions that companies are blaming Brexit for their failures.
Sir Charlie said: "The fact is sterling is weaker, it's more expensive to import goods... so we have to absorb that within our margin.”
But Sir Charlie said he "didn't say Brexit was the reason" for the slump in profits.
Mr Raab told the BBC’s Today Progamme: “It’s probably rather easy at this moment in time for any business which isn’t doing rather well to point to Brexit.
"But let me just give you the facts. This week we’ve had economic growth accelerating, we’ve had real wages accelerating.”
The retailer has rebranded to John Lewis & Partners, while Waitrose will now be Waitrose & Partners.
The chain also unveiled a new logo and is planning to roll out its new branding (it can be seen on the John Lewis & Partners website) in its stores in the next five years.


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By Jaskirat Singh - August 2, 2022
Date of Announcement: Friday, July 29, 2022
Investee Startup/Company: Jai Kisan
Funding: $50 Million (₹399 Crores) through a mix of debt and equity
Round of Funding: Series B
Investors Participated: Funding was led by new investors, GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures. Existing investors including Blume Ventures, Arkam Ventures, Mirae Asset and Snow Leopard Ventures also participated in the round. The debt funding was brought in by Northern Arc, Alteria and publicly-listed MAS Financial.
Valuation: ~$240 Million
About Jai Kisan: Arjun Ahluwalia and Adriel Maniego (both alumnus of Texas A&M-University) founded Jai Kisan in 2017 with the goal of developing the first seamless and full-stack banking experience for rural residents. It is a lending platform that uses technology to provide credit solutions to farmers for equipment used in agriculture and allied activities and integrates BNPL facilities in the rural structure. Company offers point-of-sale (POS) credit for transactions in online and offline rural commerce environments to individuals and rural businesses.
Business Model: Jai Kisan offers a totally digital Buy Now, Pay Later service that enables rural enterprises to offer formal credit to their clients, enabling them to purchase high-quality goods. It caters to various industries including dairy, poultry, fishery, agriculture and manufacturing. Company offers point-of-sale (POS) credit for transactions in online and offline rural commerce environments to individuals and rural businesses. Company launched its application “Bharat Khata” to offer credit and providing supply chain finance. Company recorded revenue of Rs 4.96 crore in FY21 with net loss of Rs 3.36 cr during year ended March 2021 which is in control as per BNPL industry peer to peer comparision.
From Founders' Desk: Arjun Ahluwalia, co-founder and chief executive officer, Jai Kisan said, "We will continue to build on the back of this support and create impact in this under-served space, leveraging creative new age solutions and keeping customer experience at the core of our beliefs."
Investors' view: Erkki Aaltonen, managing director, Yara Growth Ventures said, “Better credit access can help micro, small, and medium enterprises grow their businesses while helping growers afford products to improve their yield and quality.”
Purpose of Funding:
Through this funding, Jai Kisan looks to enhance its footprints and help develop rural credit framework through better supply-chain, credit and BNPL channels. Company faces competition from other companies in the industry SarvaGram, BRIDGE, FarMart, Merchant, Stronghold, AgilerMe, Harvest Profit, Apollo Agriculture however, it establishes it niche with a specific focus on rural India.
- Jaskirat Singh


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During its Q2 conference call Thursday, department store chain, Kohl’s Corp. revealed the e-commerce strategies it plans to incorporate during 2014.
According to Internet Retailer, the company’s executives said they will soon be improving Kohl’s mobile app and testing a pick up in store program in 100 stores, in hopes of reaching its goal of 20 percent e-commerce sales growth.
Kohl’s reported sales of $4.242 billion in the second quarter, up 1.1% from the same period last year. E-commerce sales data was not disclosed.
In a conference call, however, chief financial officer, Wes McDonald said that e-retail sales increased more than 20 percent in July, after failing to reach that growth mark during the first quarter. “We plan to grow e-commerce 20% a year. We are going to overachieve that in July, August, September for sure, and then it should go back to a normalized 20% going forward,” he added.
The conference call also revealed that Kohl’s retail distribution centers reported lower costs while its e-commerce centers reported higher costs.
Kohl’s hopes its plan to offer an online selection and in-store pick up will help drive more traffic to stores. If the pick up in store pilot is successful, the retailer said it will roll it out to all stores nationwide. McDonald said the program would give customers another reason to make a visit to the store that they might not otherwise have made. “So it is all about traffic,” he said.
The retailer also reiterated its plans to use about 800 of its stores to fill online orders, using them essentially as mini e-commerce warehouses, which will help to improve shipping time and provide additional capacity.
With mobile driving e-commerce as it largely does today, Kohl’s anticipates its e-commerce gains will come largely from mobile, and in an effort to up the ease of the portable shopping, the retailer will focus on improving its app for greater ease of use and faster check out.


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Contextual advertising platform Mediabong books $5 million in funding for U.S. expansion
New York, NY(18 May 2015)
Mediabong, a European network for contextual video advertising solutions, today announced it has accepted $5m in Series B funding in order to expand to the United States. Entrepreneur Venture and Conegliano Venture, two European funds who both have active businesses in the US, led the investment round.
The investment will enhance Mediabong’s growth into the US market and accelerate the launch of its new-patented technology, the SyncRoll.
According to Laurent Bury, founder and CEO of Mediabong, “There are two issues that we are trying to address here: providing a non-intrusive video ad format to publishers; and, at the same time, maximizing the viewability for the advertiser. In order to achieve this, we must engage with the user, understand their behavior and in turn target the correct advertisement to them in a seamless fashion. Executing both ensures a win-win and drives better performance and, ultimately, more revenue for everybody.”
Bertrand Fiolet, Manager partner at Entrepreneur Venture said, “Mediabong’s team has developed a large premium network which generates great performance metrics for both its publishers and advertisers. We are delighted to help spearhead its expansion plans into the bigger media markets and look forward to continued success with them.”
Based on its R&D lab “the MB-Lab” Mediabong has developed algorithms based on user psychology, semantic profiling and performance. “Our partners consist of high profile publishers that generate hundreds of stories each day. As such, we have been able to study the way people interact with this type of content, what engages them, when they select an option and other habits. All of this combined led us to create the SyncRoll.”
A new video ad format
The company’s patented SyncRoll, a first-of-its-kind out-stream solution for publishers, directly confronts the video advertising offerings of Facebook and Google. With SyncRoll, advertisers can place a video ad in-line—in the middle of a story—when the user scrolls further down the frame, jumps to the end and picks up where it left off, with no latency. Mediabong’s Floating Ad Unit takes this a step further by keeping the ad unit in the frame as the user scrolls down. This solution dramatically improves viewability rates and attention rates, two video metrics that advertisers prioritize highly. In a recent survey, Kellogg’s reported a 40 percent increase in viewability led to a 75 percent increase in sales.
Brands need “PayForReal”
“This solution allows us to guarantee high viewability rates and strong view through rate (VTR) performances across our product set. When we don’t achieve the metrics that are set out by our advertisers, we simply do not charge them,” added Priyesh Patel, COO of Mediabong. “We call this model “PayForReal”. The first campaign that employed this solution generated an average VTR of 85% with a click through rate of 7percent.”
The company works with news organizations like Newsweek, CBS, Reuters, AFP, and the Associated Press and brands like Land Rover, L’Oreal, and Unilever.
“Publishers that take pride in the quality of their content should look to fully monetize their context. Mediabong offers this capability, which is why I am extraordinarily optimistic about its potential in the highly competitive U.S. media market,” added Laurent Bury.
Founded in 2011, headquartered in Paris with an office in New York, Mediabong became the biggest video syndicator in France through its unique approach to syndicating video.


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New Jersey just raised the minimum age to buy tobacco to 21, joining California and Hawaii.
The new law was signed by Gov. Chris Christie and is set to take affect on Nov. 1. The law includes the sale of all tobacco and electronic tobacco and smoking products.
New Jersey’s smoking age was already higher than most states after it previously made the minimum age to buy tobacco products 19 in 2005.
Deli and convenience store owners opposed the bill, saying it would diminished the sales of their sandwiches and other products, according to NorthJersey.com. The Office of Legislative Services also said that tax revenue could drop by $4.5 million in the law’s first year in affect with less damage coming in years following.
However, health advocates have widely supported the bill.
New Jersey Assemblyman Herb Conaway, who is also a physician from Burlington County and co-sponsor of the legislation, told NorthJersey.com that more needed to be done to “help deter [teens] from picking up this dangerous and deadly habit.”
Christie vetoed a similar bill to raise the age to 21 last year.
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Ruby Tuesday Is Looking Forward To The Weekend
Like Friendly’s, Ruby Tuesday is an East Coast chain, but this restaurant has some branches on the Pacific Coast, too. The restaurant was founded in 1972 in Knoxville, Tennessee, and has seen some major dips in revenue over the past few years. Which, unfortunately, has resulted in many of the restaurants closing.
At last count, the chain has around 491 stores around the world. But according to Restaurant Business, that number is due to nearly 50% of the stores closing over the past ten years. They said it was because customers were enjoying the convenience of take-out instead of actually sitting down in a restaurant.


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Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.
And he’s built those companies with the help of billions in government subsidies.
The subsidies have generally been disclosed in public records and company filings. But the full scope of the public assistance hasn’t been tallied because it has been granted over time from different levels of government.
New York state is spending $750 million to build a solar panel factory in Buffalo for SolarCity. The San Mateo, Calif.-based company will lease the plant for $1 a year. It will not pay property taxes for a decade, which would otherwise total an estimated $260 million.
The Palo Alto company has also collected more than $517 million from competing automakers by selling environmental credits. In a regulatory system pioneered by California and adopted by nine other states, automakers must buy the credits if they fail to sell enough zero-emissions cars to meet mandates. The tally also includes some federal environmental credits Elon Musk’s growing empire is fuelled by $4.8 billion in government subsidies


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Professor Morten Huse at Department of Innovation and Economic Organisation at BI Norwegian Business School talking about board leadership/governance and women on corporate boards.
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PUBG New State launch was reported back in February and the game is scheduled to deliver not long from now. In front of the release, the organization has declared that it has gotten more than 10 million pre-registrations on the Google Play Store. To review, the choice to pre-register was opened back in February when the game’s trailer was launch. “We’re glad to report that we’ve hit more than 10 MILLION PUBGNEWSTATE pre-registrations on GooglePlay. We’re powered by the local area’s staggering reaction and can hardly wait to share our new battlegrounds experience with you later in 2021,” the organization has posted on Twitter.
We’re happy to report that we’ve hit over 10 MILLION #PUBGNEWSTATE pre-registrations on #GooglePlay. We’re humbled by the community’s overwhelming response and can’t wait to share our new battlegrounds experience with you later in 2021. pic.twitter.com/WN3ptw3ylq
— PUBG: NEW STATE (@PUBG_NEWSTATE) April 9, 2021
Besides, the designers have likewise declared the game will be accessible for alpha testing beginning Q2, 2021. It will be accessible for testing in restricted areas however its India launch is as yet not formally uncovered. Select players will get the chance to play the upcoming battle royale in front of its authority discharge. PUBG New State is basically a replacement to the first PUBG Mobile game and is set in 2051 where “turmoil rules as various groups battle one another.” The game will have highlights like robots, combat rolls, and so on The interactivity will have an 8×8 guide and different weapon options for combat.
PUBG: New State is professed to bring super practical illustrations and dynamic gunplay. It is viable with Android telephones running 6.0 OS and higher. PUBG: New State can have “100 survivors go head to head until just a single player or group stays.” This is like the first PUBG Mobile.


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In a very interesting article, GREG CRAGG discusses Sony’s last move. Sony changed its terms and conditions of use for the PlayStation Network (Sony’s online service for its PlayStation 3 and PlayStation Portable game consoles) last month to include mandatory binding arbitration and class action waivers. Mandatory binding arbitration requires that consumers submit to arbitration rather than file a lawsuit.
In CRAGG’s words, “Mandatory binding arbitration can be a viable alternative to litigation when the two parties are equal in power, but arbitrators strongly favor repeat business and rule in favor of large businesses the majority of the time. Similarly, class action lawsuits are one of the few effective tools that consumers have—or had—in holding corporations responsible for their wrongdoing. (…) Sony’s changes terms and conditions of use is particularly egregious, because these changes apply for existing customers and not just new customers. If existing customers wish to decline these new terms, they have to send a mailed letter to Sony (and include tracking to make sure that Sony cannot claim that the letter was lost in the mail). Failing to accept the terms, with or without a mailed declining letter, results in being banned from use of PSN, which includes most of the online functionality of the PlayStation 3 and PlayStation Portable. Sony knows that its customers have little choice but to accept these terrible terms. Sony echoes the words of Darth Vader: “I have altered the deal. Pray I do not alter it any further.” Here’s the full article: Sony Adds Mandatory Binding Arbitration and Class Action Waiver to PlayStation 3’s Terms of Service.
Mandatory binding arbitration is especially dangerous when consumers are involved. We should not forget that these kinds of clauses are standard terms, which generally consumers do not read (and therefore, do not know). In my opinion, this kind of attitude from Sony raises two different questions: consumers’ right to information (in standard terms) and the arguable bargaining power consumers have when facing mandatory binding arbitration clauses, which may be harmful for their interests.


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NEW YORK -- When Canada Mode was created six seasons ago, the idea was to produce a platform from which the country's top designers could make a move into the U.S. market.
For its first five seasons, Canada Mode -- a trade show produced by the Canadian Consulate General in New York and featuring about 40 designers from north of the border -- showed at hotels here. Now, in an attempt to cast a wider net, Canada Mode will have its own village at the New York Premier Collections.
"Canada Mode has really grown and built up its credibility and business with U.S. retailers," said Mary Allen, commercial officer for the Canadian Consulate General. "But what it comes down to is that there are just too many shows and buyers don't have enough time to visit them all.
"So we decided to look into consolidating the show," she said. "We went to see Premier's first season, and we were impressed. It's a professional event with a good level of resources and variety."
Canada Mode will showcase 40 designers in all categories, who hope this show will give them a chance to attract new accounts, introduce their lines to retailers and be included in an international trade event.
"This is a very exciting moment for us," said Jean Claude Poitras, who will feature his outerwear and sportswear lines at the show. "Finally, Canada will be part of the world; we will be exposed to the best in the world. I didn't believe in narrowing the competition to strictly Canadians."
Deborah Tissington, designer and merchandise manager of Neto, a sportswear and outwear firm, expects to double her business to $50,000 wholesale, compared with what she did at last year's Canada Mode show at the Rihga Royal Hotel.
"This is an exceptionally good idea," she said. "Canada Mode is a great unit, but there were not too many exhibitors. You need a draw for buyers. I think this will do it."
"It's about time that we had this kind of a setup," said Annie Reva, a Montreal designer. "It's much more united and buyers can get an overall view that they can't get at the hotel shows."I certainly hope this will increase my business," she said, "but unfortunately, these days it doesn't depend so much on how and where you show as much as the economy. But this show is definitely a plus, and it makes it easier for us to recruit buyers."
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)


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transfer network is calling for new regulations to govern electronic benefits transfer programs. Officials of the Shazam network went to Washington this week to lobby for three proposals that it claims are needed to promote the delivery of welfare payments, food stamps, and other government benefits through automated teller machines and point of sale terminals. Shazam stands alone in seeking the legislation, and it has not yet found a sponsor in Congress. But the network's leaders are undaunted in their belief that federal laws can bring order to an increasingly crowded and confusing field of transaction processing companies, financial institutions, and state-by- state variations in the contracting and procurement process. "We support nationwide EBT, but we are concerned that we are putting way too much power in the hands of just a few government-designated issuers who are now in the position to monopolize EBT and exclude other players who are otherwise active in the (electronic funds transfer) world," said Dale A. Dooley, chief executive officer of Iowa Transfer System, which administers Shazam, the nation's 15th-largest electronic banking network. "To legislate at this point is not right," said J. John Miller, president of Nebraska Electronic Transfer System. "I believe in the free market. The states have to have the right to evaluate all the options and come up with the best solution without regulatory interference." Last week, Shazam's board approved creation of an ad hoc lobbying committee, comprising 45 of its member institutions, some of which were on the Washington trip this week. Shazam's bills would: * Prohibit any EBT contractor from gaining an unfair competitive advantage in marketing point of sale services to merchants. * Mandate interoperability to assure that all EBT cards work in any point of sale terminal. * Authorize the Federal Reserve System to provide a national clearing service for retail electronic benefits transfer transactions that cannot otherwise be processed and cleared at local or regional levels. Government intervention or other centralized rulemaking does not sit well with many on the EBT scene. The National Automated Clearing House Association's recently organized EBT Council has run into opposition from major processors like Deluxe Data and Transactive Corp., though it has the backing of the Federal EBT Task Force and other government bodies that support some degree of standardization. The Iowans are trying to enlist other industry groups for their lobbying crusade. Although Shazam executives would not name those it has approached, the Independent Bankers Association of America is widely believed to be one. The IBAA floated a proposal earlier this year, much like Shazam's, to prohibit any state electronic benefits transfer contractor from having the exclusive right to market debit point of sale services to merchants within that state. "This is a nonissue," said Tom McLaughlin, vice president of government services for Milwaukee-based Deluxe Data, which does EBT processing in several states. "When we go into a state, we notify all the other debit providers and offer certification to any bank or processor that wants to acquire commercial and EBT transactions," he said. He pointed to a recently awarded contract in Utah, where "Concord, Buypass, Arco, the Exchange, Explore, and ourselves all have contracts with merchants to process debit transactions." Concord EFS Inc. of Memphis filed a lawsuit in February accusing Deluxe of antitrust violations in Maryland, where it operates the first statewide EBT system. Concord claimed merchants were forced to use Deluxe for processing transactions. The suit was settled in July and Concord and Deluxe continue to compete against each other in the transaction processing business. But Concord's claims still resonate with Shazam's leaders. "No EBT contractor should be allowed to tie its EBT services to any other processing services," said Mr. Dooley. "There's no way to guarantee that without legislation."
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