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Uber has suffered a train of controversies but its recent financial report suggests the company is doing fine amid a lack of leadership at the moment.
Former CEO and co-founder Travis Kalanick resigned last month after getting involved in various administrative issues. According to Bloomberg, Uber nets $1.75 billion in adjusted revenue to lower its losses to by nine percent or equivalent to $645 million.
An executive committee oversees the day-to-day operations at Uber as it continues to search for the next CEO. Some of the changes that have taken places are in-app tipping for drivers. Uber revealed that they have paid $50 million in gratuity since June.
At the end of Q2, Uber recorded $8.7 billion cash on hand which is a 17 percent jump from the previous quarter. Per Axios, global expansion helped drive Uber’s revenue growth. It now offers its service to China and Russia. Uber remains a private firm and no longer required to report unadjusted revenues to investors.
In an article published by BBC News, former General Electric boss Jeff Immelt is rumored to be in the running to replace Kalanick as Uber CEO. Kalanick was still running the company in Q2 so the complications from his resignation could present themselves in the second half of the year.
Meanwhile, Uber’s Philippine chapter is embroiled in a different legal battle. The Land Transportation Franchising and Regulatory Board (LTFRB) decided to suspend Uber for a month after it violated an order to stop accepting applications for accreditation of transport network vehicle services (TNVS) or approving their operations.
CNN Philippines reports that the ride-hailing company offered to pay a fine of ₱10 million (around $196,000) in lieu of the suspension. However, LTFRB Board Member Atty. Aileen Lizada claims the ₱10 million offered by Uber would still go higher as the board members review the impact of the violations of the suspended company.“It will be a collegial decision. We set aside the financial assistance, the amount of the financial assistance separate from the fine,” Lizada added. A recent update says LTFRB is now asking ₱190 million (about $3.71 million) worth of fines from Uber before it lifts the suspension.
Transport group KAPIT Jeepney Operators wants Uber to pay ₱120,000 or about $2300 for every vehicle that operated without a franchise. This roughly amounts to ₱6 billion or about $117 million in total. Naturally, Uber balks at the amount they deem too high for a penalty.
Despite the challenges that Uber faced in the Q2, business remained active. This is an indication that the company has been getting stronger and it should if it wants to overcome bigger hurdles in the future.
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Ad tech had a mixed year.
Venture capital for ad tech slowed down, while mergers and acquisitions rose. And as fake news became one of the hottest topics in the media industry, it became more apparent than ever that some ad tech companies profited from proliferating fake news while others banked on preventing ads from reaching fake-news sites. But within the diverse industry of ad tech, several companies stood out, for better or for worse.
Here are the biggest winners and losers in ad tech this year.
Measurement and verification companies
The rise of fake news provided brand safety vendors with an opportunity for some good PR. As dubious content spread rapidly and Facebook continued having measurement errors, companies like Moat, Trust Metrics and Integral Ad Science became more in demand.
“Measurement and verification companies should be having no problem finding interested customers,” said Eric Franchi, co-founder of ad tech firm Undertone.
The tech network, which publishes Top Ten Reviews and Live Science, expanded its data science team in an effort to improve its commerce strategy. It has also been an early adopter of server-to-server connections, and developed a new reader-engagement score that is meant to replace the timeworn pageview.
“Purch is really one of the few media companies who are investing in proprietary ad tech, and they’re doing it right,” said Todd Garland, CEO of digital ad network BuySellAds.
The Trade Desk
The Trade Desk had the only ad tech IPO this year, and it had a major impact. A report from investment bank Luma Partners shows that were it not for The Trade Desk, ad tech stock prices (the orange line in the below graph) actually declined year-over-year.
But if The Trade Desk is included, ad tech stock rises. The report stated that the IPO was “a rare bright spot for public ad tech companies and perhaps a signal of more to come.”
Smaato, Media.net and AppLovin are large ad tech firms that were acquired by Chinese investors in 2016.
“The technology [investors in China] now have access to makes them winners, and it will be interesting to see what comes of them,” Garland said.
Outbrain, Taboola and Revcontent were thrust into the spotlight after the presidential election for their role in funding fake news.
As Franchi put it, “Despite being big businesses, these [recommendation vendors] are coming under tremendous pressure.”
Opera Software was poised for a big year, but its sale to a Chinese group was blocked due to regulatory and privacy concerns. Although the company was still able to sell off its browser business through a partial sale, the failure to sell the entire company contributed to a stock price drop. The company’s stock price still remains lower than it was in July, prior to the sale’s failure.
In January, Rubicon stock was trading for around $15 a share. By mid-December, the stock price had fallen to $7.90 a share. One of the company’s biggest snafus was its slow adoption of header bidding.
“It seemed like header bidding might be an incremental move [for publishers],” said Brian Andersen, a partner at Luma Partners. “But the Rubicon miss indicated [header bidding] is bigger than that.”
Earlier in the year, the main issue with Yahoo was that it was slated to be sold to Verizon for a fraction of what it was once worth. Dave McIninch, chief revenue officer of performance marketing platform Acquisio, noted that “the sale of Yahoo for parts to Verizon was not so much a disappointment as an inevitability.”
But in September, Yahoo disclosed that at least 500 million of its accounts were hacked. And then in December, Yahoo announced that it had another data breach that was twice as large as the one in September.
After the latest breach, Webroot analyst Tyler Moffitt told The Guardian, “No one should have faith in Yahoo at this point.”
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domain: news


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The federal government might have voted against a royal commission into misconduct in the banking and financial services industry 26 times but it’s making up for lost time.
This month the Senate passed the first substantive stand-alone piece of legislation relating to issues raised by the royal commission. The bill ends the payment of product commissions from fund managers, super funds, insurers and other financial product providers to financial planners and advisers.
The financial services industry is warning that, ironically, higher fees – not lower – could be one of the “unintended consequences” of the legislative change.
If that sounds a bit like deja vu, you’d be right. In 2012, the then Labor government banned commissions for advisers as part of the Future of Financial Advice reforms.
This represented an overhaul of the mainstream remuneration practice in the industry, meaning consumers, and not product manufacturers, would have to pay for the provision of advice. The thinking was that removing this “conflicted remuneration” would allow consumers to get more objective, impartial advice.
But the rule was not applied retrospectively, which meant advisers could continue to receive any ongoing commissions relating to investments they made before the legislation’s effective date of July 1, 2014, under a so-called grandfathering clause.
After evidence to the royal commission that consumers had been charged “fees for no service”, Commissioner Kenneth Hayne concluded that the carve-out allowing these grandfathered commissions should be “repealed as soon as reasonably practicable”.
After the Parliament did exactly that on October 14, Financial Services Assistant Minister Jane Hume said one of the key benefits of the reform is that it will end the conflict whereby some advisers may have been hesitant to move clients into newer, better-performing products because they were receiving an ongoing commission on the old one. “Consumers will benefit from lower fees following the removal of conflicted remuneration for financial advice,” Hume said.
But the financial services industry is warning that, ironically, higher fees –not lower – could be one of several “unintended consequences” of the legislative change.
Phil Anderson, a policy expert at the Association of Financial Advisers, says advisers have been reviewing whether their clients should be switched into newer products ever since the FoFA reforms, and the total size of the pool of commissions paid to advisers has been diminishing as a result.
But there are important, technical reasons why it might not be in the client’s interest to switch to a newer or cheaper product, he says, even though that seems counter to the government’s thinking and conclusion of the royal commission.
GCT and Centrelink triggers
He says there are certain circumstances where the stopping of grandfathered commissions could actually leave a consumer worse off.
“The requirement to move product could trigger a capital gains tax liability,” Anderson says. “In some cases, the client may be advised to defer the recognition of a capital gain to a later time, when they have a lower taxable income.”
In addition to CGT concerns, advised consumers could also lose Centrelink benefits. In 2004 and 2007, the federal government made changes to the assets test for eligibility for social security payments to include income streams such as annuities and account-based pensions, which were previously exempt.
But these changes were grandfathered so that people relying on the previous rules in planning for their retirement were not disadvantaged.
“If they were moved to modern products now, this grandfathering would be lost and the income stream would be fully included in the asset test,” Anderson says.
Another potential pitfall could face Australians in superannuation products that include a life insurance policy.
Switching to a new super fund could cause them to lose cover which might not be attainable at the same rate or in the same form if the client’s health circumstances have changed over that period.
If rebates of commissions that would have otherwise been paid to advisers are passed on to clients directly – as some of the large bank-owned wealth management companies are already implementing – this could also have implications for older clients.
“A rebate will in many cases be taxable income and in the case of partial-age-pension clients may reduce the client’s pension by 50¢ in the dollar,” Anderson says. “In a limited number of cases it may push the client above the maximum income test threshold for the pension.”
Regardless of age or life stage, switching to a new investment product could also result in hefty exit fees, Anderson adds.
Although exit fees have been banned in the superannuation system, they still exist on some other financial products.
John Ardino, chairman of Lifespan Financial Planning, agrees that clients could face Centrelink and CGT consequences, which could make switching them into newer products problematic.
Aside from these technical issues that could create unintended costs or losses in some circumstances, the industry also warns that ending commissions will simply push up the price of advice, making it more expensive for those who already have an adviser and less accessible for those who don’t.
“The result of all this for
consumers is that it will raise the costs of advice, reduce access to advice
and leave thousands of clients orphaned without any access to advice,”
Ardino says. “This is a major disruption for clients
needing financial advice and a major disruption to the practices of advice providers.”
Anderson warns that if some clients whose advice is now subsidised by product commissions decide they cannot afford a fee for service, their investment portfolios and financial lives could be adversely affected.
“If clients lose access to advice, then they may find over time their asset allocation progressively moves away from their target asset allocation,” he adds.
Beware the warnings
But consumer advocacy group Choice, which has long argued that the grandfathered commissions carve-out should be repealed, said consumers should be wary about warnings from industry bodies and lobbyists.
“There have been countless instances where the industry has squealed about unintended consequences to prevent and slow down reform and there has been no basis to the concerns,” says Choice campaigns manager Erin Turner.
While she doesn’t dispute that switching products could result in complexities and even financial losses, she says that is precisely why conflicted payments needed to end.
“A good, holistic, expert adviser is going to consider those issues and will consider the costs as well as any potential benefits,” she adds. “At least you can now know that the conflict is not there and they can give you a more objective assessment.”


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DUBAI (Zawya Dow Jones)--Dubai-based The Abraaj Group on Monday said it sold its stake in a medical centre in the Philippines through a buyback arrangement, the latest in a series of healthcare sales by the private equity company in Asia.
Abraaj invested in the Daniel O. Mercado Medical Center in 2010 alongside the founding family. The exit was done through a buyback arrangement with the Mercado family.
Abraaj has recently exited Vejthani Hospital and IHH Healthcare in Asia.
In the Philippines, Abraaj still owns investments in Pancake House, a dining chain, and HBC, a retailer of beauty and personal care products.
Globally, Abraaj has around $7.5 billion in assets under management.
Write to Nicolas Parasie at firstname.lastname@example.org
Copyright (c) 2013 Dow Jones & Co.


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In the height of holiday shopping season, the government has reminded consumers to be wary of online scams. Recently, there have been increased incidents of fraudulent ads for expensive items at discounted prices. Scammers use fabricated contact information that looks like legitimate businesses to make the transactions appear reliable.
Shopping safely online is important in order to keep personal and financial information secure and protected from scammers. Consumers should maintain up-to-date virus software, do business with reputable vendors, review privacy policies, and check credit card statements. For additional tips from the government on safe shopping practices, click here.


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NEW YORK , June 27, 2022 /PRNewswire/ -- TriMech, a portfolio company of Sent
Today Keychron, established manufacturer of wireless mechanical keyboards for Mac, Windows and Android, launched direct sales of Q8 on the brand’s website. This model is a full aluminum mecha
Lenovo has finally launched its brand new and high-end gaming laptops, the Legion Y9000K & Y9000X, featuring Intel's 12th Gen CPUs & RTX 30 GPUs.
A few days ago, we reported that L
UNTHA shredding technology has launched an innovative new cutter refurbishment service, to further improve its environmental performance – and reduce customers’ wear costs by up to 5
Job Title: Facilities Maintenance Manager (Aerospace/Manufacturing)
Location: India Mill, Darwen
Salary: £45,000 to £50,000 based on skills, experience, and any
A recent study by Ericsson found that almost two thirds of manufacturers believe their company will be at least 80 per cent automated in the next ten years. This transformation will not be possi
Established in 1998, Takumi is a leading CNC precision engineering company.
Limerick-based precision engineering firm Takumi has been acquired by Acrotec, a micro-mechanics group.
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Partly cloudy. There might be a stray shower or thunderstorm early.
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Odor-Eating Silver Nanoparticles Raise Concern
Nanotechnology is now everywhere, including, quite possibly, on your feet. Valued for its antibacterial and odor-fighting properties, nanoparticle silver is becoming the star attraction in a range of products from socks to bandages to washing machines. But is it also getting into the water supply and posing unknown risks? That is a question scientists at Arizona State University set out to answer. They presented their findings April 6 at the national meeting of the American Chemical Society in a report they titled "Fate and transport of ionic and nanoparticle silver released from commercially available socks."
“This is the first report of anyone looking at the release of silver from this type of manufactured clothing product,” said report authors Paul Westerhoff and Troy M. Benn, who bought six pairs of name brand anti-odor socks impregnated with nanosilver and then soaked them in a jar of room-temperature distilled water and shook the contents for an hour. They then tested the water for two types of silver--the harmful “ionic” form and the less-studied nanoparticle variety. The results? Ordinary laundering can wash off substantial amounts of the nanosilver particles from socks impregnated with the material. The researchers suggest that the particles, intended to prevent foot odor, could travel through a wastewater treatment system and enter natural waterways where they might have unwanted effects on aquatic organisms living in the water and possibly humans, too.
“From what we saw, different socks released silver at different rates, suggesting that there may be a manufacturing process that will keep the silver in the socks better,” said Benn. “Some of the sock materials released all of the silver in the first few washings, others gradually released it. Some didn’t release any silver.” He added that if sufficient nanosilver leeches out of these socks and escapes wastewater treatment systems into nearby lakes, rivers, and streams, it could damage aquatic ecosystems. Ionic silver, the dissolved form of the element, does not just attack odor-causing bacteria. It can also hijack chemical processes essential for life in other microbes and aquatic animals. “If you start releasing ionic silver, it is detrimental to all aquatic biota. Once the silver ions get into the gills of fish, it’s a pretty efficient killer,” Benn said, adding that ionic silver is toxic to humans only at very high levels. The toxicity of nanoparticle silver, said Westerhoff, has yet to be determined.
Westerhoff's and Benn's research will appear in an upcoming issue of Environmental Science & Technology. For more information, meanwhile, visit http://pubs.acs.org/cen/news/86/i15/8615news1.html.


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The embedded business group division of Hitachi has teamed up with digital home technology provider Blue Peach to offer the NAS Digital Media Server, the flagship device offering the two companies' new multimedia content management system.
PC component manufacturer Diamond Multimedia today announced that it has begun shipping the HDTV100, a USB PC TV tuner that can receive HD signals, in addition to UHF/VHF and analog cable channels.
Chicago (IL) - Graphics card vendor Sparkle today said that it has released the "world's first overclocked Geforce 8800 GTX and GTS graphics cards." Compared to the specifications of Nvidia's reference card with core clocks of 575 MHz (GTX) and 500 MHz (GTS) as well as memory clocks of 1800 MHz (GTX) and 1600 MHz (GTS), the Sparkle cards arrive with 630 MHz and 560 MHz cores and 1960 MHz and 1720 MHz memory.
Pricing has not been announced.
An exploit in the Apple Quicktime application is the headliner in a project known as the Month of Apple Bugs (MOAB), aimed at unveiling security holes in the Mac OS X operating systems.
As much of a sign of the new year as the big ball in New York City is the sighting of the first spread of a computer worm. In this case, it hit users in the form of an e-mail with the subject line "Happy New Year!"
VIA Technologies, seeing that adoption of its self-developed C7 processor by industrial PC (IPC) makers in Taiwan has been short of expectation, is seeking to deploy its processor in other markets such as digital consumer electronics, entry-level notebook PCs and thin-client PCs, according to industry sources.
It is our final processor price/performance article of the year - and what a year it was! 2006 not only saw dual-core processors entering the mainstream, it was also a year of new milestone releases and fierce price battles. In short, the heart of your computer deserves your attention again.
As our last installment for 2006, we're going to take a look at the big shifts that happened this year, how we got to where we are today and what we can expect for 2007.
Sunnyvale (CA) - OCZ announced that it will expand its product portfolio from enthusiast memory into the graphics card space. The first device is a card based on Nvidia's 8800 GTX graphics processor with G80 core.
Nvidia's Geforce 8800 GTX and GTS in pictures ...
VIA Technologies has announced VIA EPIA EX-Series Mini-ITX motherboards, the company's first series of platforms featuring the new VIA CX700M2 system media processor.
Almost three years after it debuted at the Intel Developer Forum (IDF), wireless USB remains one of the most promising implementations of ultra wideband (UWB) short-range radio technology, but it is still waiting for its day to hit the market.
According to industry sources, plans to produce CPUs for the Microsoft Xbox 360 game console on 65nm at Chartered Semiconductor Manufacturing will be pushed back until the middle of 2007, at least one quarter behind the original schedule.
In its first introduction to Microsoft's new operating system, Kaspersky Lab has announced support for Windows Vista in its Anti-Virus 6.0 and Internet Security 6.0 personal software products.
Cingular said it logged a record number of airtime minutes used by customers. The service provider claims that more than 500 billion minutes of conversation will have passed through its airwaves by the end of the year.
Hitachi Displays started mass production of 800 x 480 2.9" LCD panels for use in mobile phones, which the company claims is "the industry's first 800 x 480 product as a mobile phone display panel."
On the heels of the first full year of the HD DVD/Blu-ray battle, a new wrinkle has appeared, as a hacker has claimed to have dug into the high-definition format's encoding and decrypt the security measures that prevent the video from being copied.
Art Lebedev, developer and designer of the Optimus-103 keyboard, indicated in a recent post on the Optimus project blog that the OLED keyboard could be shipping in the first half of 2007.
AMD Live! will start supporting Blu-ray and HD DVD in the third quarter of 2007 in line with AMD's hopes to take a bigger share of the multimedia market, according to industry sources.
VMware recently released a new beta version of its virtualization software Workstation 6.0. According to the release notes, the current build 36983 includes support for Windows Vista and multi-monitor systems.
Cyberlink announced a new version of its PowerDVD video playback software. The big news about the "Ultra" version is that it can play movies on HD DVDs as well as Blu-ray discs; but the fine print also reveals that Cyberlink has developed a driver for Microsoft's Xbox 360 HD DVD drive.
Seoul (Korea) - Samsung claims that it has developed the world's first mobile DRAM chip with a density of 1 Gbit. The 80 nm low-power DDR device is aimed for integration in handheld devices such as digital cameras or portable media players.
According to the manufacturer, the chip is about 20% thinner than previous generations, which allows for more headroom when stacking the memory. Also, the company claims that power consumption is down about 30% "over conventional memory chip designs."


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The largest containership to ever call at the Port of Liverpool arrived yesterday [Monday 6 March]. The 6,552 TEU ‘HS Paris’ berthed at the Liverpool2 deep-water container terminal at 04:30.
Previously, the Port of Liverpool’s existing container terminal could only accommodate vessels up to 4500TEU. The HS Paris is the first post-Panamax vessel to call at Liverpool following the phase 1 opening of Liverpool2 in November 2016.
Mark Whitworth, Chief Executive of Peel Ports Group, said: “This is a huge milestone for Peel Ports and the Port of Liverpool. The whole team is delighted to welcome HS Paris to the city for the first time. While we have the capacity to handle vessels up to 20,000 TEU, smaller post-Panamax ships are still very much part of our overall strategy and it’s essential that can accommodate those too. We can now do that thanks to our £400m investment at Liverpool2, providing a shorter route to market for UK importers and exporters, which reduces their costs, congestion and carbon emissions.”
Peel Ports recently announced that it had secured 150 advocates for its Cargo200 initiative. The campaign calls on importers and exporters whose goods begin or end their journey in the north of the UK to switch delivery of ocean freight from south-east ports to the centrally-located Port of Liverpool. It’s estimated that the initiative could save UK plc up to £200 million by 2020. It also aims to cut freight mileage by 200 million miles by 2020.
About Peel Ports Group
Peel Ports Group is the UK’s second largest port group, owning and operating six of the UK most important ports (Liverpool, Heysham, Manchester Ship Canal, Medway (Sheerness / Chatham), Clydeport and Great Yarmouth). It also owns BG Freight shipping line and operates a container terminal in Dublin.
Peel Ports handles 65million tonnes of cargo every year, which is around 13% of the total UK major ports traffic. Over 35 shipping line services (from 26 shipping lines) call through its network of ports every week. Headquartered in Liverpool, it employs around 1,200 staff, and had revenue of £596m and EBITDA of £212m for the year ending 31 March 2016.
About the Peel Group
Peel Ports Group is part of the Peel Group, one of the UK’s foremost privately-owned investment enterprises. Our strategy embraces a broad range of sectors – land and property, transport and logistics, retail and leisure, energy and media – with assets owned or under management of more than £5 billion. Group investment policy is focused on actively managing our diverse portfolio, enhancing the quality of our assets and recycling capital over the long-term.


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In the Guest Chair:
During hour one, Joe Koufman, CEO of AgencySparks joined us in studio to dish on the company’s upcoming events and to talk SPARKsouth, AgencySparks’ digital marketing conference!
During hour two, Jacqui Chew, Licensee at TEDxPeachtree joined us to talk all things TEDx and give the inside scoop on their upcoming event, which will be September 30th & Emceed by the one and only…Dana Barrett.
In the Local Headlines:
- Newton to lift moratorium on mosque
- Roswell water: What is making the city’s water taste funny?
- Atlanta-filmed “Stranger Things” renewed for second season
- Brookhaven takes big step toward Peachtree Creek Greenway
- Home Chef to bring 1,200 jobs to DeKalb
- Georgia DOT Opens Small Business Help Center
- Cash flows into Atlanta on Labor Day weekend
In the National Headlines:
- Insurers Move to Limit Options in Health-Care Exchange Plans
- Samsung Introduces New Gear S3 Smartwatch
- EpiPen CEO could score $28 million payday thanks to price hikes
- Dropbox Says 68 Million Usernames and Passwords Stolen in 2012 Hack
- Google Takes on Uber With New Ride-Share Service
For other events and appearances:
Check out Dana’s event calendar: http://danabarrett.com/events/ .


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New Karachi ice factory blast accident or sabotage? Factory owner disclosure
The factory owner’s stance on the blast at the ice factory in New Karachi Industrial Area came to light after which the possibility of sabotage is being shown in the incident.
Factory owner Moin Qadri said that they used ammonia gas in the ice factory which does not catch fire. The machine room of the ice factory is in good condition and there was no damage.
The owner of the factory says that some time ago there were threats of serious consequences on business matters.
It is to be noted that 10 people were killed and 30 injured as a result of boiler explosion in New Karachi Ice Ground area of Karachi this week.


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Consumers can save more than 300 euros per year by taking advantage of sales and discounts at super markets that have led to a drop in prices in most categories, while keeping a lid on price hikes on other goods that have been hit by tax increases, according to a report published Tuesday by SEV, the Hellenic Federation of Enterprises.
In sectors such as retail, discounts and promotional offers have become a basic tool in becoming competitive while at the same time there have been significant shifts among the behaviour of consumers.
Such as the fact that six in ten consumers say that they always look for specials when shopping, while one in three make decisions based on the offers available and not the brand of the product.
Also, there has been an increase of nine percentage points (from 42 percent in 2015 to 51 percent in 2017) in the number of consumers who wait for a product to go on special before buying it and refuse to buy it at the normal price. Also, a high percentage of consumers (63 percent) said that offers and specials are the main reason they choose to visit the shop they purchase goods from.


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JACKSONVILLE, Fla. — The price at the pump isn't the only cost rising. The inflation rate hit a nearly 40 year high in December.
"At the end of the day, it’s the COVID crisis and the COVID crisis has impacted inflation from several perspectives," Abdel Missa, professor of finance at Jacksonville University, said. "One is on the demand side, since we have seen the reopening of the economy, demand has gone through the roof, so demand goes up it pushes prices up," he said.
Missa said demand coupled with supply chain issues and staff shortages have caused prices to go up. Dr. Albert Loh, professor of economics at the University of North Florida, agreed and said the spike is unprecedented.
“We have a very strong rebound in economic activities coming off the peak of the pandemic, and that led to a massive surge in the overall demand on present services, which really exceeded our short term capacity in the production and supply chain, both nationally and globally," Loh said.
"On the other hand, we have shortages in labor materials and other production inputs, which made it difficult for the manufacturers to catch up in production. So, our economy is really facing a lot of pressures from both the demand and supply sides because of this big gap," Loh said.
According to the U.S. Bureau of Labor Statistics, the price for foods like meat, fish and eggs has risen about 12.5 percent compared to last year. At the pump, prices have increased over 40 percent.
Used cars are up more than 37 percent, and new cars nearly 12 percent. Rent, and just about everything else is also up.
“We’ve seen a dramatic increase in cost of living across the board," Missa said.
According to the Consumer Brands Association, grocery stores, including some locally, are seeing 15 percent of their items out of stock. Typically, grocery stores have five to 10 percent of their items out of stock, the Consumer Brands Association said.
"Customers are definitely hurting. Actually, a lot of the businesses are hurting too, you know, the higher wage rate, the higher price for their production inputs are definitely going to reduce their bottom line,” Loh said.
A spokesperson for Winn-Dixie said the supermarket chain is offering more discounts to help customers fight the high prices.
Both Loh and Missa urge consumers to only buy what you need until prices fall.
“For consumers, it's very important that, you know, if you're able to wait, you know, you don't really need to rush in to get things because you're seeing the prices going up. And that is only going to make things worse," Loh said.
“You really have to shop around, number one, ... when before maybe that was not necessary, now it’s really smart to go and find the lowest prices in what you need and manage the quantities and manage budgets so that we don’t get hurt with the massive increase in prices," Missa said.
Missa said he expects prices to fall by the end of this year.


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Huobi Launches Huobi Cloud Allowing Partners to Build Their Own Cryptocurrency Exchanges
Huobi Group on Thursday officially launched its cloud business arm,Huobi Cloud , that will allow users to build their own digital currency exchanges quickly on top of HuobI’s existing platform.
Huobi is currently the world’s third largest cryptocurrency exchange on the basis of 24h trade volume. The company said more than 10 multinational companies, such as Dbank Group and JIFU Investment (Holdings) Group, have become the initial partners for Huobi’s cloud venture.
Huobi Cloud seeks to provide a one-stop solution for digital asset exchange, including exchange solution, OTC solution, operational solution and ecological solution.It aims to establish OTC markets and digital asset trading platforms, and to help partners use the order integration and crypto wallet system. In addition, Huobi Cloud platform will also offer partners asset management and clearing system services.
“In this era of significant and strong adoption of blockchain technologies, Huobi is looking to share its expertise and experience with the entire blockchain ecosystem and through this, develop the industry further to achieve mutual benefits for all stakeholders.” Huobi Group Chairman Leon Li said of the new platform.
Specifically, the exchange solution will support a user system that help partners meet the know your customer (KYC) compliance requirements across the world,a wallet system that supports hot and cold wallet separation ,as well as a risk-trigger mechanism to ensure asset security.
The OTC solution supports the trading of various fiat currencies such as RMB, USD,HKD and mainstream cryptocurrencies such as BTC, ETH and USDT;
The operational solution focuses on offering partners partners training on the use of front and back-end products of the exchange. Partners will receive support from the top crypto exchange in terms of data, risk control, token dividends,etc.
Besides, the ecological solution will create a global eco fund that focuses on the development of the global blockchain industry, helping partners to establish a mature blockchain ecosystem.
In June, Huobi also announced the launch of its new public blockchain, the Huboi Chain Project (HCP).
A blockchain and cryptocurrency writer of 8btc,offering insights into the Chinese market,.
Huobi Launches Huobi Cloud Allowing Partners to Build Their Own Cryptocurrency Exchanges.http://news.8btc.com/huobi-launches-huobi-cloud-allowing-partners-to-build-their-own-cryptocurrency-exchanges …
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Loyalty and mobile continued to do some productive lifting for Starbucks in its fiscal third quarter of 2018, as those two factors contributed to an 11 percent year-over-year revenue increase, with sales for the coffee chain reaching $6.31 billion.
Starbucks did not offer detailed quarterly figures about its overall sales via mobile in the Thursday (July 26) release of its financial results. At the end of 2017, though, mobile payments accounted for 30 percent of the brand’s total transactions. However, the chain’s Mobile Order and Pay service, which Starbucks recently opened up to non-members, gained at least a bit of steam in the company’s Q3.
Those Mobile Order and Pay transactions now make up 13 percent of U.S. company-operated transactions, the company said in its financial report. That compares with 12 percent for the company’s fiscal Q2. In the fiscal third quarter of 2017, Mobile Order and Pay accounted for 9 percent of those transactions.
The chain’s loyalty program, too, showed gains.
Starbucks Rewards added 1.9 million active members during the company’s Q3, a 14 percent year-over-year increase. Those consumers have a notable impact on total revenue, as they account for 40 percent of sales at company-operated stores. That’s up from 39 percent in fiscal Q2 2018, up from 36 percent in the fiscal third quarter of 2017.
The overall revenue increase also came from “incremental revenues from the impact of our ownership change in East China, incremental revenues from 2,015 net new Starbucks store openings over the past 12 months, favorable foreign currency translation and 1 percent growth in global comparable store sales,” the company said.
Adjusted earnings per share stood at 65 cents, more than analyst expectations of 61 cents.
Broken down by region, net revenues for the Americas segment grew 6 percent year over year to $4.2 billion, thanks to “incremental revenues from 902 net new store openings over the past 12 months and 1 percent growth in comparable store sales, partially offset by the absence of revenue related to the sale of our Brazil retail operations to a licensed partner” during the chain’s second quarter of 2018.
In Asia-Pacific, net revenue increased 46 percent year over year to about $1.3 billion. In EMEA, net revenue increased 10 percent year over year to $275.4 million.


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The Ghana cedi will end this year at GH¢6.18 to the dollar, according to projection by Databank Research.
This will be 3.02% lower than 3.9% depreciation recorded last year.
According to Databank Research, the mid-year rate of the Ghanaian local currency to the dollar will however be GH¢6.04 pesewas.
The Ghana cedi appears well supported for another year of relative stability but not without pressure points. We forecast full year 2021 depreciation range of 3.02% – 6.18%”, it said in its 2021 Economic Outlook Report.
Factors that could support the Ghanaian local currency this year include the planned Eurobond issuance in the first quarter of this year and a modest recovery in oil export receipts without significant loss in gold revenue.
Others are continued use of domestic interest rates to attract foreign portfolio inflows, which is already showing positive prospects after the December 2020 elections and the continued Bank of Ghana interventions in the spot and forward market.
Already, the Bank of Ghana’s forex forward calendar for this year shows a stronger commitment to support the cedi through the first quarter of this year.
This Databank Research believes this deepens its optimism about a stable foreign exchange outlook.
However, the cedi could be weighed down by a recovery in the import bill as economic activity rebounds. The risk of sudden foreign capital outflows amidst the elevated financing pressure is also noteworthy”, the report emphasized.
Benefits of stable cedi
A stable currency will boost spending in the economy as the purchasing power of consumers remain strong.
Secondly, it makes imports less expensive and thereby reduces imported inflation.
Cedi records almost 1.0% appreciation in January 2021
The cedi ended the first month of this year with a marginal gain of almost 1.0%, as it is presently trading at about GH¢5.90 pesewas to the US dollar on the interbank forex market.
This positioned it as one of the best performing currencies among 15 sub-Saharan African currencies including the Egyptian pound and the Nigerian naira.
The cedi lost about 3.9% in value to the dollar during the whole of last year, and analysts attributed it to largely the country’s diversified exports.
Currency analyst, Courage Martey told Joy Business the stable picture for this year’s outlook is same as last year.
The cedi has started the year in a similar fashion as it did in 2020 and year-to-date it seems to have recorded an appreciation. The year-to-date gain against the US dollar is about 1.0%, and that is good news for importers because their cost of sales is supposed to be stable at worst.”
“And whiles cost of sale is not going up then there is no incentive to push up the prices of the goods that you are selling and so it also benefit consumers, it benefit businesses and it benefit the whole economy because once the cedi is doing quite well it boost investor confidence”, Mr. Martey said.


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Split was something of a surprise hit when it hit theaters a couple of years ago, grossing nearly $300 million around the world. That success spawned this weekend's follow-up Glass which is set to take the stage Friday. When it does, it's expected to perform very well, bringing in somewhere in the neighborhood of $105 million globally over the course of the Martin Luther King Jr. weekend.
Glass was tracking to bring in something north of $70 million a few weeks ago and while Deadline now thinks that number will be closer to $60 million, with the additional global business the movie is still expected to break the $100 million threshold over the long weekend, doing more than a third of what Split did in just a few days.
Since Glass reportedly only cost $20 million to produce. This opening is great news for Blumhouse and Universal, as it makes the film an instant success financially speaking.
Even the lower expectations for Glass domestically are well above the $40 million that Split brought in during its 2017 opening weekend. Part of that increase is certainly due to the fact that these estimates are looking at a four-day spread, taking the Monday holiday into account, but Glass is still tracking well ahead of its predecessor.
This is likely because Split 's big twist, that it was taking place in the same world as M. Night Shyamalan's Unbreakable, wasn't widely known going into opening weekend. Split's success came largely from word of mouth, giving the film several weeks of consistent success rather than a massive opening weekend.
The fact that Glass will conclude this story means it is much more likely to see a big opening as fans of the two previous films hit the theater to see how it all ends. Whether or not Glass is able to emulate the box office consistency of Split remains to be seen.
Glass hasn't seen glowing early reviews but that sort of thing rarely dissuades an audience that's invested enough in a movie. The passionate fans will show up anyway on opening weekend and make their own decisions as to the film's quality. Clearly, there was an expectation that the movie would open strong as there are no other major releases set to open this Friday.
While M. Night Shyamalan's Unbreakable might not be one of the biggest brands in film, it still has its fans and many have wanted to see a sequel for the 19 years that have passed since it opened. Glass is really the true sequel that people have been waiting for since Split didn't include Samuel L. Jackson's Mr. Glass and gave Bruce Willis' David Dunn only a brief cameo.
Glass opens Friday.


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Today Nintendo revealed another 30 second commercial for its upcoming game, Super Mario 3D World. Commercials in the past featured a family playing the game together, but the focus of those commercials was to advertise the new power-ups and platforming play that many Mario fans will be familiar with.
The focus of the new commercial is to highlight the multiplayer aspects of the game, as well as the cat suit power up that features prominently. It’s a great introduction to the multiplayer that will be available in Super Mario 3D World and Nintendo even manages to throw in a quick Wii U endorsement at the end to make sure people know it’s only available on Wii U and not Wii.
Did you like the commercial?
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- The original Pikmin is coming to Wii U eShop
TAGS: Nintendo, super mario 3d world, wii u


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Demands from the FBI and Attorney General William Barr for Apple to provide more help to the ongoing Pensacola shooter investigation did not need to be made, as security experts have pointed out the existence of hacking tools that could have granted access to locked iPhones — which law enforcement has at their disposal already.
The week-ago query from the FBI and Monday's demand from Barr, subsequently followed by Apple denying the request, has raised the question of how easy it is to gain access to the contents of an iPhone in an emergency. While previous demands, such as during the time of San Bernardino, would have been made due to a lack of other options available to law enforcement agencies, the latest urging arrives at a time when alternatives are available.
Security experts and forensic examiners told the Wall Street Journal tools from Grayshift, Cellebrite, and others provided ways to access the contents of a locked iPhone. This is a reversal of possibilities within a few years, as previously the experts said the iPhone's security was unable to be beaten with technology and methods available at the time.
"We've got the tools to extract data from an iPhone 5 and 7 now," forensic firm Garrett Discovery CEO Andy Garrett claims. "Everybody does."
The tools themselves are, at least for governments and law enforcement agencies, reasonably priced, with the potential cost of software and hardware needed to gain access believed to be around $15,000 and below. Previously, the FBI was alleged to have spent in the region of $1 million, paying a third-party firm to access an iPhone 5C at the heart of the San Bernardino investigation.
In terms of expenditure, federal procurement records reveal the FBI alone has spent more than $1 million on Grayshift products to crack open devices.
The lower barrier to entry to access a smartphone's contents has made it cheap enough for states to use the same tools. In one example, Georgia's Gwinnett Country accessed around 300 phones in 2018, and has started to reopen cold cases by accessing previously unreadable devices.
"It's really opened the door for us in our investigation," said district attorney investigator Chris Ford, who also says his offer is now producing three times as much forensics data than it did before it acquired Grayshift tools.
Forensic experts are also suggesting these phone-hacking tools are undermining calls by the Justice Department, government officials, and other high-ranking members of law enforcement for manufacturers to make it easier to access data on devices.
This includes repeated demands for Apple and others to add encryption backdoors, supposedly in such a way that only law enforcement can gain access to stored data while still maintaining security. Tech companies and critics of the idea counter that adding any backdoors at all will weaken it overall, with no guarantee that access to any purposefully-included backdoors won't fall into the wrong hands.
Apple's security is no longer deemed to be delaying investigations as much as they previously did, the experts believe. SANS Institute digital forensics instructor Sarah Edwards said "It's a cat-and-mouse game. Apple locks things, but if someone wants to find a way to get into these devices, they will find a way."
Backdoors Are Not The Answer
The battles between law enforcement and criminals have waged as long as civilization has existed. Law enforcement gets better, so crooks up their game. As the crooks advance, so does law enforcement.
Once again, in the interest of expediency, the government wants a leg up on the crooks by forcing tech companies to make encryption backdoors and unlock smartphones on demand. Once again, Apple is telling the feds to get bent. Tech firms work to make us safer and Apple, at least, wants us to maintain privacy.
Apple's stance and hard line on this matter, again, benefits us all. It does make the job of the agency responsible for one aspect of our safety harder, and until now, apparently, they've always been up to the challenge of developing countermeasures to find and deal with the bad guys.
And, if the reports of the perpetrator's phones being an iPhone 5 and iPhone 7 are correct, this problem is already solved. The Secure Enclave isn't an issue for law enforcement in the iPhone 5, so that's an easier break. While the iPhone 7 does have one, the 'Checkm8' exploit, properly leveraged and given enough time provides a way to defeat that element.
The FBI can use one of its contractors to break into the phone now. They proved with the San Bernardino case that they can, and will, do this.
Barr apparently wants to use these phones as a political point-maker. If he gets what he wants, he makes us all to less safe day-to-day. In his role as United States' Attorney General, he should know this. As it stands, he either doesn't know this, or knows it and doesn't care, and we're not sure which is worse.
Like Apple says, there is no backdoor limited only to the good guys. If it exists, it will be found by the bad guys.
In the interest of law enforcement expediency, encryption backdoors weaken the safety of the public as a whole. There are other avenues available now, and they work and will break into these phones, assuming that they don't have bullet holes in them.
What has holes for sure, though, are Barr's and the FBI's arguments for encryption back doors. US law enforcement absolutely has the means and will to get into the phones without them.


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TAMPA, Fla. — If billionaire Elon Musk doesn't buy Twitter, he might be able to pool that money together and buy tickets to see Bruce Springsteen and the E Street Band next year.
All joking aside, while the rocker will open his world tour at Amalie Arena in February 2023; fans of the Jersey-born singer may have to take out a second mortgage or sell a car to see him as ticket prices have hit levels usually only seen at the Super Bowl.
Looking at Ticketmaster's website, only resell or official platinum tickets are available, and those tickets start at $208 to sit behind the stage for the concert. Yes, behind the stage. If you want to be on the floor, Ticketmaster has dynamically priced the official platinum tickets, and they start at $1,250.
While fans said they were able to get tickets at reasonable prices to some Springsteen shows; a large group said the prices will prevent them from seeing 'The Boss.'
Some fans took to social media to complain directly to Springsteen, but so far, the 'Born to Run' legend hasn't responded to fan complaints.


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Maritime trade is expted to expand by 4.8 per cent next year.
Global trade, shipping business and supply chain industry will return to growth next year following positive news on the coronavirus vaccine that will help restore confidence in the economy, experts say.
Top executives in logistics and shipping sectors said the COVID-19 pandemic sent shockwaves through global maritime transport during the first half of 2020 but it also laid the foundations for a transformed industry and associated supply chains that will help revive trade activity worldwide.
Sachin Gupta, general manager of Gulf Pinnacle Investments (GPI), the UAE subsidiary of Gulf Pinnacle Logistics, said the pandemic hit global trade by causing disruption in supply chains, shipping networks and ports. However, the situation is improving due to quick progress on the COVID-vaccine development.
“The industry has survived the pandemic shock and challenge. The short-term outlook for maritime trade is still grim but we are confident of economic recovery and expect better growth numbers next year,” Gupta said.
Gulf Pinnacle Logistics is a logistics and transportation company that aims to become an ‘integrator’ of the highly fragmented mid sector market, encompassing four business models -- freight-forwarding, warehousing, road transportation and courier and e-commerce services. The company accords top priority to make international trade more seamless for the mass market that cannot afford the large-scale players.
Referring to the United Nations Conference on Trade and Development’s latest report, Gupta said global maritime trade will plunge by 4.1 percent this year due to the unprecedented disruption caused by the Covid-19 crisis.
“Maritime trade growth will return to a positive territory and expand by 4.8 percent next year as the industry braces for a change and ready for a transformed post-Covid-19 world,” he said.
To a question about the impact of the pandemic on logistics and business, he said there is an urgent need to invest in risk management and emergency response preparedness in transport and logistics.
“We adjusted our operations, finances, sanitary and safety protocols as well as working practices and procedures in line with the government policies and advisory that helped us to minimize the impact of the pandemic,” Gupta said.
Rodney Viegas, chief executive of Abdul Muhsen Shipping LLC and So Safe Logistics LLC, said shipping industry adopted a more resilient and disciplined approach to handle the Covid-19 crisis.
“We evolved a comprehensive plan to sustain business growth and avoid supply disruptions despite challenging environment in the wake of the Covid-19 crisis,” he said, adding that continued and coordinated stimulus as well as prudent trade policies would have to be put in place to put the industry back on track at the pre-Covid-19 level.
Abdul Muhsen Shipping LLC was established in 1991 to provide shipping and warehousing services, focusing on import and export services mainly by sea through the Jebel Ali Port. The company has its head office in Dubai and the warehousing facility in Jebel Ali Free Zone.
Viegas said the pandemic has set new trends in the industry that may hit the maritime trade in near future.
Elaborating, he said the Covid-19 pandemic forced many countries and governments to look inwards for imports of key goods and exports to support their own economies.
“This is not an encouraging trend for the shipping industry and maritime trade and we must be prepared to handle such challenges in future,” he said.
Referring to the McKinsey Global Institute, he said up to 26 percent of global trade could be relocated in the medium term. “This would involve some combination of a return to domestic production, near-shoring and shifting to other offshore locations, with a new balance having to be found between just in time and just in case,” according to the report.
Gulf Pinnacle Logistics (GPL) is a logistics and transportation company. Established in May 2014, GPL has the vision to become a MENASEA-focused fully integrated logistics and transportation holding company. We aim to become an ‘integrator’ of the highly fragmented mid sector market, encompassing logistics operations, freight-forwarding, warehousing, road transportation, courier and last-mile delivery services. To date, the company owns majority stakes in four assets involved in warehousing, CFS operations, student bus transportation and courier services.
Carl Jenkinson, Alex Lacazette and John-Jules were on the target as Arsenal rallied to beat Al Nasr 3-2 in a friendly match at the refurbished Al Maktoum Stadium in Dubai on Tuesday.
The nine races, highlighted by the $12 million Dubai World Cup, have attracted some of the World’s best race horses to Dubai.
UAE Team Emirates’ Yousif Mirza will be looking to recapture some form as the Emirati joins his teammates at the Tour of Turkey (April 16-21). The UAE National Champion most recently turned out for UAE Team Emirates at the Giro di Sicilia, but will be hoping for more luck this time around.
The UAE non-oil trade volume could grow by up to 12.9% year-over-year in 2021, supported by an expected uptick in maritime transport activity and other positive global economic trends,
Dubai Electricity and Water Authority (Dewa) has completed 87.73 per cent of its project to extend its water transmission network by 36 kilometres across Dubai, at a total cost of about Dhs256 million.
The State Bank of Pakistan (SBP) has announced its bi-monthly monetary policy on Friday and decided to maintain its policy rate at 7 per cent, according to a statement issued by the bank.


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Jushi Purchases Vireo Assets In Pennsylvania For $5M
Minneapolis-based Vireo opted to sell its equity in Pennsylvania Dispensary Solutions LLC to Jushi for $5 million in cash.
The deal comes just months after Jushi paid $37 million for Vireo's Pennsylvania Medical Solutions LLC.
Viro chair and CEO Kyle Kingsley said the deal strengthens the company balance sheet and "focuses our existing operations on our core markets.”
“We remain committed to being strong stewards of capital for our shareholders while executing against our growth and profitability initiatives,” he added.
Pennsylvania Dispensary Solutions has a permit to run up to three medical cannabis dispensaries in the northeast region of the Keystone State, including stores in Scranton and Bethlehem and the dispensary in Stroud Township, which is currently under development.
Under the deal, Jushi has an 18-month option to purchase the assets.
According to its latest earnings report, Vireo’s total revenue was $12.2 million for the second quarter, up by 70% compared to the same period last year. In addition, its retail revenue rose 46% year-over-year, amounting to $9.2 million for the period.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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High-end designers have been moaning about copyright protection and the proliferation of knockoffs for years, but after working with the American Apparel and Footwear Association to iron out a fashion copyright bill called the Design Piracy Prohibition Act, the CFDA just received some bad news:
Last night at a party for this year's CFDA Awards nominees, the Cut (that's our fabulous new fashion blog, in case you don't know) caught up with executive director Stephen Kolb, who, as it turned out, had had an interesting encounter with Luv Guv Eliot Spitzer. No, not that kind of encounter. Kolb was in Washington this past February 14, the day after Spitzer allegedly hired a prostitute. He and Narciso Rodriguez were at a hearing about fashion designers' intellectual-property rights, when the lobbyist they were working with suddenly introduced them to Spitzer. "I shook his hand!" he told the Cut. "I shook his hand the next day! I'm thinking about how creepy that is now! No, I'm joking. So, I mean, it happened on the 13th?" Allegedly, yes. "Alright, well, he looked happy on the 14th!"
CFDA’s Stephen Kolb Touched Eliot Spitzer the Morning After [The Cut]
Fashion and politics go hand in hand. Literally. Last night at the cocktail party for CFDA Awards nominees we caught up with CFDA executive director Stephen Kolb, who reminisced about the time he met — and touched — Governor Eliot Spitzer in Washington, D.C.


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The European Union (EU) is expected to place additional duties on USA imports starting in July in response to Trump's tariffs on EU steel and aluminum, according to Reuters.
Officials in Brussels, who are leading the member states' response, said nations had given broad support for a plan to set duties on €2.8bn (£2.5bn) of USA exports.
"The new duties start applying in July", European Commission Vice-President Maros Sefcovic told reporters.
The Trump tariffs came into effect on June 1 and the European Union now joins Mexico and Canada and other close allies that have announced their own wave of counter-duties against Washington.
Trump first announced the tariffs in March but provided some countries with temporary exemptions.
According to Reuters, EU exports now subject to Trump's tariffs are worth more than $7.5 billion.Читайте также: US President Donald Trump fires aide who mocked Senator John McCain
The world's largest trading bloc notified the World Trade Organization (WTO) of the plan, and will impose additional duties of about $4.2 billion (3.6 billion euros) in three years' time if the case is ongoing, or after the WTO rules in favor of the EU. The EU says it will introduce "rebalancing" tariffs on about 2.8 billion euros' ($4.25 billion Cdn) worth of US steel, agricultural and other products, including bourbon, peanut butter, cranberries and orange juice.
The EU joins Canada and Mexico in responding to the new tariffs with their own.
USA products on the list include orange juice, bourbon, jeans, motorcycles and a variety of steel products.
Some of the products chosen are created to target states of senior Republicans who are seeking to retain control of both chambers of Congress in hotly contested November elections.
"It is a measured and proportionate response to the unilateral and illegal decision taken by the U.S. to impose tariffs on the European steel and aluminium exports which we regret", said the former Slovak prime minister.
The European Commission launched a legal challenge against the USA tariffs at the World Trade Organization last Friday.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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By ET Bureau - November 16, 2021 1 Mins Read
Cohere, a start-up that created major language models to compete with those from OpenAI and AI2Labs, today announced the regular acquisition of its trading platform for application and service development. With the API, customers can access well-tuned models in the list of native language applications, in some cases at a fraction of the cost of competing offerings.
The pandemic has accelerated the digital revolution in the world, forcing businesses to rely heavily on software to streamline their processes. As a result, the demand for natural language technology is now higher than ever before – especially in business. According to a 2021 survey from John Snow Labs and Gradient Flow, 60% technology leaders have shown that their natural language processing (NLP) budget has grown by at least 10% compared to 2020, and a third – 33% – said their profits went up to more than 30%.
The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.
A Peer Knowledge Resource – By the CXO, For the CXO.
Expert inputs on challenges, triumphs and innovative solutions from corporate Movers and Shakers in global Leadership space to add value to business decision email@example.com


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PUBG Corporation, the developer and publisher of PlayerUnknown’s Battlegrounds, one of the most popular games in the world, seems to be working on a new game.
The job postings opened by PUBG Corporation , which is the publisher and developer of the popular game PUBG, point out that the company is working on a new game.
As noticed by PlayerIGN , several job postings appeared on the PUBG Corporation’s website . According to the announcements, the company is currently recruiting for a project that is separate from the games it announced previously . The fact that there are separate job postings for the announced games shows that they are working on another game, but this is only an assumption, not an official statement.
When we look at the details of the job postings, we see that the company is looking for someone to model a human and a monster . Additionally, potential designs include cyborgs, robots, and exosuits . This shows that the production is science fiction .
In the system designer announcement, it is clearly seen that it is a science fiction type shooter game. As we said, there is no clear explanation yet, but at least we can think that the studio has such an initiative right now .


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Amazon profits slump 58%
ONLINE retailer Amazon.com, already facing a sales downturn, has reported a dramatic 58% drop in second-quarter profits as it stepped up investment in its new toys business and slashed prices.
There has been increasing concern that the company's discount shipping programme, while it has increased customer numbers, is proving costly and squeezing margins. The group slashed its profit forecasts for the year, saying the figureswould almost certainly be lower than those of 2005.
Amazon posted second-quarter profits of $22m (£11.9m), down from $52m a year earlier. Sales rose 22% to $2.14bn, in line with the company's forecast.
The results were also hit by a fee dispute with Toysrus.com after a contract between the two was scrapped, and by the launch of a grocery service in the US.
Finance chief Tom Szkutak said the profits slide was primarily due to heavy investment in its toy business in the second half and lower prices in existing categories.
A shipping loss driven by customer loyalty programme Amazon Prime widened by 33% to $60m in the second quarter, the company said. The shares today slid 12% to a three-year low.
Amazon.com, the pioneer in its field, is now facing intense competition, and has been forced to increase spending on technology at a time when analysts and investors have been calling for cost cuts. The stock is also suffering from general gloom about the entire sector.
Amazon had little comfort for investors looking ahead. It forecast lower operating income of between $310m and $440m for the year, compared with April's forecast of between $390m and $520m. That would be mean anything from a minor rise of 2% to a drop of 28% on the 2005 figure.
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Amazon founder and chief executive Jeff Bezos said: 'We're investing in Amazon Prime and future technology initiatives. Prime gets people their products fast, and our investments in technology position us to innovate in seller platforms, web services and digital.
'We're looking forward to the coming slowdown in year-on-year growth in technology spending in the second half.î
Prime, launched in early 2005, charges US customers an annual $79 membership for free two-day shipping of goods. International sales, which include the UK, France, Germany, Japan and China, grew by 24% to $982m. That was slightly stronger than growth in the US.
In the UK, this was driven by newer sectors such as consumer electronics, toys and games where iPods and the new Lara Croft game led the way. These sectors showed 45% growth in sales for the three months to the end of June.
Amazon's top-selling book in the UK was The Dangerous Book for Boys, which offers advice on everything from building a gokart to playing conkers and interacting with girls.
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Phub Gyem, Thimphu
Jan 16, 2018
Bhutan’s import of food items from India decreased by close to half a billion ngultrum in the first half of 2017 as compared to the same period in the previous year. In 2016, the import worth stood at over Nu 3 Bn.
Dairy products saw a notable drop of 30 percent in imports followed by rice at 20 percent in 2017.
In the first half of 2017, Bhutan imported close to 40 thousand metric tons of rice. During the same period in 2016, over 50 thousand metric tons of rice were imported. The decrease, in monetary term, amounts to Nu 66 M.
Consumption of dairy products such as milk, cheese, and milk powder came down by nearly Nu 300 M. And the import of vegetables and fruits decreased by 16 percent and 12 percent respectively. The decrease in import value translates to over Nu 100 M.
Similarly, imports of meat and fish came down substantially. The total amount spent on meat and fish came down by over Nu 100 M compared to 2016.
However, import of edible oil increased by 11 percent. In the first six months of 2017, Bhutan consumed over Nu 575 M worth of oil as compared to over Nu 495 M in 2016.
The Agriculture Ministry released the report. However, the report did not include import of same food items from third countries as the import numbers were found negligible.
Amici del Bhutan - Italy


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If you’re an entrepreneur or even just a startup enthusiast, you’d obviously know about SimilarWeb — the Israel-based web analytics company which is virtually looking to build a better Alexa. Well, the company just got $25 million in its latest funding for that very mission, and is reportedly valued at a massive $400 Million post this round.
The company also announced Jason Schwartz, former CFO of shopping.com, as their new CFO. The funding round saw participation from existing shareholders — the South Africa-based media powerhouse Naspers and Lord David Alliance. Naspers, FYI, has investments in renowned companies all around the world including India’s Flipkart and Chinese internet giant Tencant to name a few.
The funds will be used by SimilarWeb to expand globally and plans to increase its team size from present 250 to 350 by 2016. It plans to hire more engineers from local places (Ukraine and Israel) and sales staff in New York, London and elsewhere globally.
We’re in a nice position right now where we need sales people because we are getting more opportunities than we can manage,
said Ari Rosenstein, the company’s marketing head.
SimilarWeb provides valuable insights based on data collected about the user behaviour online majorly through their smartphones using mobile internet. It tracks Internet and mobile use in nearly 200 countries and provides rankings for site traffic in the top 55 countries. It helps the companies to gain information about their customers and people visiting their websites and has raised about $65 million since 2009.
Interestingly, SimilarWeb started off as a Firefox plugin giving people recommendations to visit websites based upon the pages they visited. However when that did not work out, in 2007 the company was able to tweak their technology to track anonymous data from websites; comparing that data with other websites and mapping them together in a unique way to form a complete picture about the user behaviour on Internet.
The company claims to process data from over 100 million devices and hundreds of thousands of sites which is fed and parsed by SimilarWeb for its analytics, which uses some 5,000 different pieces of software to compare and dig deeper into the raw data. And while that might still not match analytics giant Alexa’s number, SimilarWeb differentiates itself by providing a more comprehensive data — display advertising numbers, competitors etc.
In the age of social media marketing and online business, this data is highly valuable to the companies. The company offers this data through its paid product called Pro tier, which starts at $200/month for its most basic package and is based around modular pricing where companies pay just for data they need.
SimilarWeb, through its pricing structure, is able to attract both small and medium business which makes it a valuable proposition from investors’ point of view.
SimilarWeb enables businesses to make better decisions in today’s dynamic online and mobile world. Its products are uniquely capable of providing the insights necessary to create value for businesses of all sizes – from SMB to enterprise. This latest investment underlines our continued confidence in the SimilarWeb team to redefine how the digital world is analyzed.
said Larry Illg, CEO New Ventures, Naspers, in a statement
The company in fact, has customers paying as low as $200 per month, to as high as a jaw-dropping $500K per month for its services. Many of India’s own unicorns like Flipkart, Ola etc. rely on SimilarWeb’s data for their numbers.


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The association is taking that message to TV viewers, too, with their newest ‘Corn Sugar’ commercials.
The misperceptions surrounding high fructose corn syrup are extensive. To assist consumers in readily identifying added sugars in the diet, the Corn Refiners Association began an educational campaign in 2008 to dispel the myths about high fructose corn syrup, or HFCS, what we believe would be more accurately called ‘corn sugar.’
The goal of this educational effort is to provide consumers credible, science-based information to enable them to make informed decisions about their diet, the association said. To achieve this goal, they are sharing the views of independent experts who have researched high fructose corn syrup.
The association said: “Our goal is not to present high fructose corn syrup as a health food, nor is our goal to increase consumption of high fructose corn syrup. Our goal is to clear up confusion about its role in the food and beverages Americans consume.”
You can watch one of the ‘Corn Sugar’ commercials here.
Source: The Corn Refiners Association
© FoodBev Media Ltd 2021
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The Food Price Index has risen for eight consecutive months, and in February reached an all-time high.
The last time that food prices were in the news was in 2008, when the food price index soared. These days, we're hearing a lot about the issue once again. Why? Global food prices have surpassed the 2008 peak. The consequences of this persistent rise are yet to be fully realized, yet some are already discussing the imminent possibility of food riots, political unrest, and widespread hunger as a result of pricier food.
The Food and Agriculture Organization (FAO) of the United Nations is reporting that the food price index has risen for eight consecutive months, and in February reached an all-time high. This index incorporates the price of sugar, oils, meat, dairy, and cereals.
All of these commodities have increased in price, with sugar peaking most dramatically. Particularly problematic are price increases that affect a country's staple crop—the FAO is seeing very high prices for rice in Asia, and maize in South America. These spikes can prove to be most problematic for individuals, and shortages of staple crops results in mass hunger in developing countries.
Here in the United States, we spend about 10% of our annual income on food—not very much given how many calories we are able to consume with that amount.
In other wealthy countries, this number is closer to 15% or even 20%, but households in the developing world pour up to 50% to 60%, or more, of their income into food commodities. Because our foods tend to be processed and go through many hands to reach our plates, swings in crop prices are not reflected as immediately on American price tags. But internationally, a price hike for staple crops can be a very serious problem.
This food crisis was set off by a series of natural disasters—droughts in Australia and Canada, wildfires in Russia, floods in Pakistan—resulted in decreased global food production. However, the impact of these disasters has been compacted by longer-term problems that have been simmering worldwide. Population increases are putting a strain on food stores. Use of food crops for biofuel is redirecting growing land towards energy production. Demand for meat continues to rise, and increasingly more food crops are going towards raising livestock.
How can we address these problems? In the most recent issue of The Economist there's a special report on the question of feeding a world of 9 billion people in 2050. One of the report's suggestions was to focus on planting higher-yielding crops, so that the developing world can better feed itself. The U.N. would also like to see a shift in food aid—currently 80% of food aid is spent during emergencies. Redirecting this money to increasing domestic agriculture in developing countries might result in ongoing food security rather than volatile markets.
It is also important for us in the States to entertain the notion of a future with more expensive food. Our current system protects us from some market fluctuation, but it remains to be seen if and how this current price spike will affect long-term thinking about how we produce and consume food globally.
About the Author: A student in Providence, Rhode Island, Leah Douglas loves learning about, talking about, reading about, and consuming food. Her work is also featured in Rhode Island Monthly Magazine.
All products linked here have been independently selected by our editors. We may earn a commission on purchases, as described in our affiliate policy.


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LAST UPDATED : Dec 09, 2018, 08:00 AM IST
- Honda Cars sales up 16% to 13,527 units in February
The company had sold 11,650 units in the domestic market in February 2018, HCIL said in a statement. The company also exported 20 units last month, it said. "Our on-ground efforts and sustained sales momentum for models, specially the Amaze, City and WR-V has fuelled our growth in February," HCIL Senior VP and Director-Sales and Marketing Rajesh Goel said.
- 184 Utoo cars parked at private land in Porur gutted in blaze
A massive fire on Sunday destroyed 184 cars belonging to private cab aggregator Utoo Cabs that had been parked on private land at Porur, just a day after a blaze gutted 300 cars in a parking lot near Bengaluru’s Yelahanka airfield where an aero show was on.
- Maruti expands pre-owned sales network to 200 outlets
The country's largest carmaker Maruti Suzuki India (MSI) Monday said it has expanded its pre-owned sales network to 200 outlets in 132 cities across the country. The company had relaunched upgraded True Value network with a new brand and retail identity 19 months ago. The auto major sells all its pre-owned models from True Value outlets.


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The new Halo: Spartan Strike game, which was announced last October, has finally arrived to such platforms as Windows 8, Windows Phone and iOS. The released project is priced at $5.99.
Let us remind you that originally the launch of Halo: Spartan Strike game was expected on December 12th. However, due to the problems with Halo: The Master Chief Collection and the necessity of their salvation, 343 Industries studio decided to postponed the release of this shooter.
Halo: Spartan Strike game tells about the events, which take place in the city of New Mombasa in 2552. The players will have to complete thirty uneasy missions and lead the UNSC soldiers to victory. The gamers will have a rich arsenal of weapons, numerous vehicles and some additional abilities at their disposal.
In addition to the single player campaign, the owners of PCs with Windows 8 will be able to compete with their friends for the first places in the leaderboards in the weekly challenges. The winners will get an exclusive emblem, an avatar or a nameplate in The Master Chief Collection on Xbox One.
But the new Halo: Spartan Strike game is not all, what 343 Industries offers to its fans. There’s also Halo: Spartan Bundle available on Steam and AppStore. It includes the original Halo: Spartan Assault and the newly released project. The collection costs $9.99.


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The Throggs Neck Merchant Association will be hosting the first annual Throggs Neck Restaurant Week from Monday January 18 to Sunday January 24.
A large variety of eateries in the area will be participating, from Italian to Japanese to Latin restaurants.
The idea to create a Restaurant Week came from Brian Martinez, the owner of Travesias Cafe, who presented it to the merchant association.
The time of year after New Years but before events like the Superbowl and Valentine’s Day is often slow for local eateries, so this event looks to bring people out during a time when they might otherwise stay in.
During the week businesses will be offering multiple course meals at three price points – $25 or $35 dinner and a $15 lunch option.
About 95 percent of Throggs Neck area restaurants will be participating in restaurant week, according to vice president of the merchants association, Ed Angelino.
“We want to take a week where people may not be coming out and offer them something they can come to. Next year we hope to make it bigger based on this year’s success,” said Angelino.
A few restaurants in Pelham Bay will also be participating, and Angelino hopes that in the future Pelham Bay may have their own restaurant week, or perhaps join the Throggs Neck Restaurant Week.
“We hope it’s a big success,” said Angelino. The Throggs Neck Merchants Association hosts various events throughout the year including the Christmas tree lighting and the annual sidewalk sale. This event major aim is to help build local businesses.
Participating restuarants include Yamada, Icehouse Cafe, Made in Puerto Rico, Spoto’s, Throggs Neck Clipper, Tosca Cafe, Wicked Wolf, Havana Cafe, Casa, Mama Puebla, P.J. Brady’s, Alley Cat Smokehouse, Frank’s Pizza, Louis Seafood Restaurant, CrossTown Diner, Brewski’s Bar and Grill and Rinos as well as several others.


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Coastal Investment Advisors Inc. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,932 shares of the electric vehicle producer’s stock after buying an additional 170 shares during the period. Tesla comprises 1.5% of Coastal Investment Advisors Inc.’s investment portfolio, making the stock its 11th biggest holding. Coastal Investment Advisors Inc.’s holdings in Tesla were worth $7,470,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of TSLA. Paragon Capital Management Ltd purchased a new position in Tesla in the 4th quarter valued at approximately $25,000. AllSquare Wealth Management LLC increased its stake in Tesla by 766.7% in the 4th quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Tesla in the 4th quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. purchased a new position in Tesla in the 4th quarter valued at approximately $32,000. Finally, Industrial Alliance Investment Management Inc. purchased a new position in Tesla in the 4th quarter valued at approximately $32,000. 40.64% of the stock is owned by institutional investors and hedge funds.
TSLA has been the subject of several recent research reports. Tudor Pickering raised Tesla from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th. Barclays raised their price target on Tesla from $325.00 to $370.00 and gave the stock an “underweight” rating in a research report on Friday, June 10th. TheStreet raised Tesla from a “c+” rating to a “b-” rating in a research report on Wednesday, April 27th. Exane BNP Paribas dropped their price target on Tesla from $700.00 to $600.00 and set an “underperform” rating for the company in a research report on Wednesday, May 18th. Finally, Morgan Stanley dropped their price target on Tesla from $1,300.00 to $1,200.00 in a research report on Wednesday. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $894.73.
Tesla (NASDAQ:TSLA – Get Rating) last issued its earnings results on Wednesday, April 20th. The electric vehicle producer reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $1.22. Tesla had a return on equity of 28.11% and a net margin of 13.51%. The company had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $17.84 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. Tesla’s quarterly revenue was up 80.5% compared to the same quarter last year. Analysts expect that Tesla, Inc. will post 10.25 EPS for the current fiscal year.
In other news, CAO Vaibhav Taneja sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $1,141.94, for a total transaction of $1,484,522.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,985 shares in the company, valued at $29,673,310.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Andrew D. Baglino sold 433 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $718.31, for a total value of $311,028.23. Following the transaction, the senior vice president now owns 20,567 shares of the company’s stock, valued at $14,773,481.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 416,669 shares of company stock valued at $369,312,309. 25.00% of the stock is currently owned by insiders.
About Tesla (Get Rating)
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.
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Fb reverses everlasting ban on adverts from conservative youngsters’s guide writer after outrage from Fox Information host who wrote guide for firm
- On Thursday, Fb completely suspended the Courageous Books ad account with out rationalization
- The ‘closing determination’ ban was overturned when Fox Information inquired after the Large Tech firm’s causes for the ban
- Courageous Books CEO Trent Talbot says Google reversed the same ad ban in opposition to the conservative firm earlier this yr
Fb opted to reverse a ‘everlasting’ ban on adverts from conservative guide publishing firm Courageous Books after Fox Information reached out to the Large-Tech conglomerate to see why the ban was imposed within the first place.
Courageous Books is a Christian youngsters’s writer that produces ‘pro-God, pro-America and anti-woke values.’
Trent Talbot, the founding father of Courageous Books, referred to as the suspension an ‘existential menace’ to the corporate, which, like many small and mid-size companies, depends on Fb and Google adverts for a big quantity of its traction.
The preliminary message from Fb to Courageous on Thursday mentioned the platform was banning the corporate’s ad accounts with out rationalization, and referred to as the choice ‘closing.’
Nevertheless, when Fox Information inquired in regards to the ban, the corporate confirmed that the ad account stays lively.
Trent Talbot, the CEO of Courageous Books, says Fb’s ad ban is an ‘existential menace’ to his firm
The final ad on Courageous’s Fb web page is for Fiona’s Fantastical Fort a guide that teaches youngsters the worth of perseverance
Fox Information anchor Julie Banderas says she works with Courageous Books particularly due to its Christian values
‘This can be a prime instance of huge tech at the moment. They shut down small firms who say something opposite to their woke agendas. They might reinstate accounts solely when they’re hit with unhealthy PR, solely to throttle those self same accounts to make them ineffective,’ mentioned Talbot
Talbot says the same suspension from Google was additionally lifted earlier this yr after Fox Information reported on it.
The latest ad run by the account was selling Fox Information anchor Julie Banderas’ contribution to the Courageous arsenal: Fiona’s Fantastical Fort, a guide a couple of lady named Fiona who exemplifies the trait of perseverance as she struggles to construct a fort for her associates.
Fb has been scrutinized in recent times for exacting bans on conservative leaning firms and people
Courageous has launched plenty of youngsters’s books selling pro-God and anti-woke messages
In style on-line conservative commentator Rogan O’Handley is one in every of Courageous’s authors
Banderas, who mentioned her enthusiasm for working with Courageous Books stems from the Christian values of the corporate and the teachings that Courageous Books places into their classes, tweeted that Fb’s try to shut down Courageous’s ad account was ‘one other try to cancel conservatives.’
‘The teachings Courageous Books is placing into their Freedom Island Sequence are what I need my youngsters to embody. The teachings embrace a sanctity for all times, unconditional love inside the dwelling, the harmfulness of crucial race idea — and extra,’ Banderas mentioned throughout an interview along with her employer in regards to the guide.


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Celebrity kid Alijah Kai,8, was just one of many young models to work the runway at the SPOILED! fashion show charity event on September 12, 2012 in Los Angeles, California. The event, which was hosted by America’s Next Top Model’s Eva Marcille, was the launch of SPOILED!, an online platform consigning children’s gently used designer clothing. Proceeds from the benefit and the organization’s website will go to the Jennesse Center.
For over 20 years, the Jenesse Center has served as a safe haven for victims of domestic violence. The center specializes in intervention and prevention, nursing individuals exposed to abuse back to mental and physical health. Jenesse Center has helped thousands of families get back on track through its comprehensive program of financial workshops and emotional well-being classes.
Alijah’s mom,Tichina Arnold, along with Ryan Ochoa, Eva Marcille, and Geno Segers were among many stars who supported Jenesse Center through SPOILED!’s event on Wednesday. All of the celebs, as well as other attendees, brought gently used children’s clothes to be sold on the company’s website. Ten percent of item sales are given back to the donor as profit.
Photos: www.michelemariepr.com/Koi Sojer Artography


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GS25 Expands Into New Markets
GS25, a Korean convenience store chain, is expanding into new markets. Its first store in Malaysia is set to open next year. In Ulaanbaatar, it already has 79 stores. In a bid to remain competitive, the company has improved its design and updated the store layout. It has implemented a mobile remote management system for its stores.
GS25 is one of the biggest convenience store chains in South Korea
One of the biggest convenience store chains in South Korea, GS25, is looking for a fresh brand identity. It wants to expand its range of products and services beyond snacks and drinks. It is battling stiff competition from fast-growing e-commerce businesses, as well as consumer demand for one-stop shopping. The latest innovation by GS25 is the installation of electronic kiosks, which can perform a variety of tasks. These include copying documents, faxing, and printing resident registration documents.
The Korean company will open its first convenience stores in Malaysia in early 2016. The company has partnered with Malaysian retail giant KK Group, to expand into Malaysia. GS25 will open its first outlet there next year, and the two companies plan to open 500 more in five years. The Malaysian convenience store market has a growth rate of about 17 percent per year.
It has 79 stores in Ulaanbaatar
South Korean convenience store chain GS25 has begun operations in Mongolia, its second country outside of South Korea. Currently operating three branches in Ulaanbaatar, GS25 will expect to open another 100 outlets in the next four years. It will compete with rival South Korean brand CU, which launched operations in the country in 2018 and operates more than 100 stores.
GS25 has opened three stores in Ulaanbaatar, Mongolia’s capital city. The company has now opened 70 stores, and aims to double that number by year’s end. Meanwhile, CU has opened about 100 stores in Malaysia and plans to reach 500 outlets within the next five years.
It will open its first store in Malaysia next year
The Korean convenience store GS25 is set to open its first Malaysian branch in 2023. The company plans to expand its network to 500 stores within five years. It has already established branches in Vietnam and Mongolia. The company plans to expand in the region, where there is a growing demand for fresh foods and convenience items.
The South Korean convenience store chain GS25 and the Malaysia-based KK Group have signed a memorandum of understanding, which will see a single GS25 store opened by next year. GS25 will act as a master franchisee for the KK Group and plans to open up to 500 convenience stores within five years. Malaysia has a population of 33 million people and the convenience store industry has been growing at an annual rate of 10 percent.
It has a mobile remote management system
GS25 has a mobile remote management app that will allow store managers to monitor their stores in real time. This new technology will allow managers to monitor customer activity and manage volume levels. It will also allow store operators to make announcements to customers. This new technology is part of a new management strategy for the company.
The convenience store industry is undergoing a digital transformation and local retailers are rushing to open stores that feature modern retail technologies. The latest store from GS25 is the GS25 DX LAB, which opened in southern Seoul on Thursday. It features the latest in retail technology including face recognition and artificial intelligence. It can recognize a customer’s age and gender, and recommend products based on their preferences.
It offers a half-priced delivery service
The new “half-priced” delivery service by convenience store chain GS25 is a great way to save money on everyday purchases. With prices as low as half-priced, the service offers customers up to 65 percent off on items, as long as they visit the store where they picked up the package. Delivery typically takes about four days.
The delivery service is currently offered at about 2,000 convenience stores in South Korea. The company partnered with the country’s top mobile messenger app KakaoTalk to start offering this service, with initial expansion plans for 1,200 locations starting this March. Other smaller convenience store chains have followed suit.