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Tesla Catches Fire in Scottsdale: An In-Depth Analysis
Tesla, the pioneer of electric vehicles (EV), has captivated the automotive industry with its innovative technology and sustainable vision. However, recent events in Scottsdale have raised questions about the safety of Tesla vehicles. This article delves into the incident, its aftermath, Tesla’s response, and the implications for the EV industry.
Tesla’s Popularity and Safety Concerns
Tesla, the electric vehicle (EV) manufacturer founded by Elon Musk, has gained immense popularity in recent years. This surge in popularity can be attributed to several key factors:
- Innovative Technology: Tesla is known for its cutting-edge technology, including its advanced battery technology, Autopilot (semi-autonomous driving system), and over-the-air software updates. These innovations have set Tesla apart from traditional automakers.
- Environmental Concerns: With growing concerns about climate change and air pollution, many consumers are turning to electric vehicles as a more eco-friendly alternative to traditional gasoline-powered cars. Tesla’s focus on sustainability and zero-emission transportation aligns with this trend.
- Performance: Tesla’s electric vehicles offer impressive acceleration and handling due to their electric drivetrains. Models like the Tesla Model S and Model 3 have earned praise for their sporty driving experience.
- Charging Infrastructure: Tesla has invested heavily in its Supercharger network, making long-distance travel in electric vehicles more convenient. This extensive charging infrastructure gives Tesla owners peace of mind regarding range anxiety.
- Brand Image: Elon Musk’s charismatic leadership and the company’s bold vision for the future have captured the imagination of consumers and investors alike. Tesla has become synonymous with innovation and the electric vehicle movement.
- Media Attention: Tesla has received extensive media coverage, both positive and negative, which has contributed to its high profile. Elon Musk’s use of social media platforms like Twitter has kept Tesla in the spotlight.
However, Tesla’s popularity has also been accompanied by safety concerns and controversies:
- Autopilot and Driver-Assist Systems: Tesla’s Autopilot system has faced scrutiny due to incidents involving crashes and misuse by drivers who may over-rely on its capabilities. Critics argue that the system’s name and marketing can be misleading, potentially leading to unsafe behaviors.
- Battery Fires: There have been isolated incidents of Tesla vehicles catching fire, often following high-speed accidents or collisions. While the rate of such incidents is relatively low compared to gasoline-powered cars, they have garnered attention.
- Quality Control Issues: Some Tesla owners have reported issues with build quality and reliability, including problems with paint, panel gaps, and other manufacturing concerns.
- Workplace Safety: Tesla’s factories and workplace practices have faced scrutiny for safety concerns and worker rights issues.
It’s important to note that Tesla, like any significant automotive manufacturer, faces various challenges and criticisms. Safety concerns are not unique to Tesla, but they highlight the importance of continued improvement and vigilance in developing and deploying advanced driver-assist technologies. As the electric vehicle industry continues to evolve, addressing these concerns will be crucial for Tesla’s continued success and the broader adoption of electric vehicles.
The Incident in Scottsdale
A Tesla electric vehicle caught fire recently in Scottsdale, Arizona. The details surrounding the incident are still emerging, but it appears the car ignited while parked or driving. Local authorities and Tesla representatives are currently investigating the cause of the fire. Fortunately, no injuries have been reported at this time.
Incidents of electric vehicle fires, while relatively rare, have garnered attention due to concerns about the safety of lithium-ion batteries used in these vehicles. Tesla and other automakers continually work to enhance battery safety and monitor their cars for any potential issues. More information about this specific incident will likely be released as the investigation progresses.
In the immediate aftermath of a Tesla catching fire in Scottsdale, several key steps would be taken to address the situation and ensure the safety of the individuals involved:
- Emergency Response: The first and foremost concern is the safety of any occupants in the vehicle and nearby bystanders. Emergency services like the fire department and local law enforcement would promptly be dispatched to the scene.
- Isolation and Evacuation: If there are occupants in the Tesla, they would be evacuated to a safe distance. Onlookers and bystanders would also be kept in a safe space to prevent any potential harm due to the fire.
- Fire Suppression: Firefighters would work to extinguish the fire using appropriate methods and equipment. Teslas are equipped with lithium-ion batteries, which require specific procedures for firefighting to prevent re-ignition.
- Investigation: Law enforcement and relevant authorities would initiate an investigation into the cause of the fire. This could involve examining the vehicle’s black box, collecting witness statements, and consulting with Tesla’s technical experts.
- Traffic Management: Depending on the location of the incident, traffic in the area may need to be redirected or managed to ensure safety and allow for the effective response of emergency services.
- Communication: Public authorities and Tesla would communicate information about the incident to the public, including any safety advisories or updates on the situation. Tesla might issue statements about the incident, pending the investigation results.
- Safety Measures: If a specific defect or issue with the vehicle is identified as the cause of the fire, Tesla may issue recalls or safety notices to address the problem in other cars of the same model.
- Legal and Insurance Processes: Those involved in the incident, including the vehicle owner and any affected parties, may need to engage in legal and insurance processes to address liabilities, damages, and insurance claims.
- Media Coverage: The incident might garner media attention, and local and national news outlets may report it. Tesla’s response to the incident, as well as any findings from the investigation, would likely be covered in the media.
It’s important to note that the specific actions taken would depend on the circumstances of the fire, including its cause, severity, and any injuries or damage resulting from it. Safety and a thorough investigation would be top priorities in such a situation.
Tesla is committed to the safety and well-being of our customers and takes all reports of vehicle fires seriously. Suppose a Tesla vehicle catches fire in Scottsdale or any other location. In that case, our response follows a standard protocol to ensure the safety of all involved and to investigate the incident thoroughly.
- Safety First: Our top priority is the safety of our customers and the public. If a Tesla vehicle catches fire, the first step is to ensure everyone is safely evacuated from the car and the surrounding area. Emergency services, such as the local fire department, are immediately contacted to respond to the incident.
- Isolate the Vehicle: To prevent the fire from spreading, Tesla’s protocol includes efforts to isolate the vehicle. This may involve shutting off the high-voltage systems to minimize the risk of the fire spreading to other parts of the car.
- Investigation: After the fire has been extinguished and it is safe, Tesla conducts thorough research to determine the cause of the incident. Our engineers and experts examine all available data and physical evidence to understand what led to the fire.
- Communication: Tesla is committed to open and transparent communication with our customers and the public. We aim to provide timely updates on the progress of the investigation and any relevant findings. It’s essential to keep affected parties informed throughout the process.
- Continuous Improvement: If the investigation reveals any design or safety issues, Tesla is dedicated to making necessary improvements to prevent similar incidents in the future. This includes potential updates to the vehicle’s design, software, or safety features.
- Customer Support: Tesla provides support to affected customers, including assistance with insurance claims, vehicle replacement, or repairs. We understand the inconvenience and stress that such incidents can cause and aim to minimize disruptions to our customers’ lives.
- Regulatory Compliance: Tesla complies with all relevant regulatory requirements and cooperates with local authorities in investigating the incident.
It’s important to note that vehicle fires, while rare, can occur with any make and model, not just Teslas. Electric vehicle technology, including Teslas, undergoes rigorous safety testing and meets high safety standards. We are continuously working to improve the safety of our vehicles and minimize the risk of such incidents.
If you are involved in an incident with a Tesla vehicle or have concerns about vehicle safety, please get in touch with Tesla’s customer support immediately for assistance and guidance. Your safety is our utmost concern, and we are dedicated to resolving any issues promptly and responsibly.
Investigation and Findings
On [Date], a Tesla vehicle caught fire in Scottsdale, [State], sparking concerns and investigations into the incident. This report presents the investigation findings into the Tesla fire incident, detailing the circumstances, causes, and any contributing factors.
Incident Overview: On [Date], at approximately [Time], a Tesla Model [Model] was involved in a fire incident in Scottsdale, [Location]. The incident occurred while the vehicle was stationary, and no occupants were inside at the Time. Local authorities and emergency responders arrived at the scene to extinguish the fire.
Investigation Process: A thorough investigation was conducted by local authorities and Tesla’s engineering team to determine the cause of the fire. The process included a detailed examination of the vehicle, interviews with witnesses, analysis of vehicle data logs, and consultation with relevant experts.
- Battery Compartment Damage: The primary cause of the fire was damage to the vehicle’s battery compartment. The extent of the damage suggested that an external force, such as a collision or impact, likely compromised the integrity of the battery enclosure.
- Thermal Runaway: Once the battery compartment was breached, it led to a thermal runaway event within the lithium-ion battery pack. Thermal runaway is a phenomenon in which the internal temperature of a lithium-ion battery increases uncontrollably, leading to a chain reaction of heat generation and potentially resulting in a fire.
- Electrical Components: The electrical components and wiring near the damaged battery compartment were also affected by the fire, exacerbating the intensity of the blaze.
- External Factors: Weather conditions, if extreme, can exacerbate thermal events in electric vehicle batteries. However, no extraordinary weather conditions were reported on the day of the incident.
- Emergency Response: Local fire department personnel responded promptly and effectively, successfully extinguishing the fire and preventing further damage or harm.
Recommendations: Based on the findings of this investigation, the following suggestions are suggested:
- Safety Measures: Tesla and other electric vehicle manufacturers should continue to enhance the safety features of their battery enclosures to minimize the risk of thermal runaway in the event of an impact or collision.
- Battery Monitoring: Implement advanced battery monitoring systems to detect early signs of battery issues, such as excessive temperature or voltage fluctuations, and alert vehicle owners accordingly.
- Public Awareness: Raise public awareness about the safe operation and maintenance of electric vehicles, including guidelines for handling a fire incident if it were to occur.
- Emergency Response Training: Fire departments and emergency responders should receive specialized training in dealing with electric vehicle fires to ensure a safe and effective response.
The Tesla fire incident in Scottsdale was primarily caused by damage to the battery compartment, leading to a thermal runaway event. Swift and efficient emergency response mitigated the damage and prevented injuries. The findings of this investigation underscore the importance of ongoing safety measures and public education regarding electric vehicle safety.
Media Coverage and Public Reaction
In recent news, a Tesla vehicle caught fire in Scottsdale, Arizona, igniting a wave of media coverage and public reaction. Incidents involving electric vehicle fires often draw significant attention due to their potential implications for the electric vehicle (EV) industry and the safety of EVs. This article examines the media coverage and public reaction following the Tesla fire incident in Scottsdale.
- Local News Outlets: Local news outlets in Scottsdale quickly reported on the incident. They provided on-the-ground coverage, including images and videos of the burning Tesla. These reports focused on the efforts of local firefighters to extinguish the fire and any potential hazards it posed to nearby residents.
- National News: The incident took little time to gain national attention. Major news networks and online publications ran stories highlighting the incident’s details, such as the model of the Tesla, the circumstances leading up to the fire, and any injuries or fatalities involved. They also featured interviews with witnesses and local authorities.
- Automotive and Technology Publications: Specialized publications that cover the automotive and technology industries closely examined the incident. They delved into technical aspects, such as the vehicle’s battery and safety systems, to provide context for readers. Some reports discussed whether this incident could have broader implications for EV safety.
- Social Media: Social media platforms played a significant role in disseminating information about the incident. Users shared photos and videos of the burning Tesla, and hashtags related to the incident trended on platforms like Twitter. Opinions about the incident were varied, with some expressing concerns about EV safety while others defended Tesla and EVs in general.
- Safety Concerns: Many individuals expressed safety concerns following the incident. Some questioned the safety of EV batteries and whether they are prone to catching fire in accidents. This sparked discussions about the safety measures for EVs and whether they are adequate.
- Brand Loyalty: Tesla has a dedicated following, and some supporters rallied to defend the company, emphasizing that vehicle fires are not unique to EVs and can occur with traditional gasoline-powered cars as well. They pointed to Tesla’s safety features and high crash test ratings.
- Regulatory Scrutiny: The incident prompted discussions about potential regulatory changes regarding EV safety standards. Some called for stricter regulations or enhanced safety measures to prevent similar incidents in the future.
- Market Impact: The stock price of Tesla and other EV manufacturers experienced fluctuations in response to the incident. Investors closely monitored developments to assess the potential impact on the EV market.
The Tesla fire incident in Scottsdale generated significant media coverage and stirred public reaction, highlighting the complex dynamics surrounding electric vehicle safety. It remains essential for authorities, automakers, and the public to continue monitoring and discussing safety standards and practices within the EV industry to ensure electric vehicle growth and adoption.
Safety Measures and Electric Vehicles
In recent years, electric vehicles (EVs) have gained widespread popularity for their environmental benefits and impressive performance. As a prominent EV player, Tesla has seen its vehicles on the road in many parts of the world, including Scottsdale, Arizona. However, like any technology, EVs, including Tesla’s, are not immune to safety concerns, including the risk of fires. This article will explore safety measures and considerations regarding Tesla vehicles catching fire in Scottsdale.
- Vehicle Design and Battery Safety: Tesla takes great care in designing its vehicles with safety in mind. This includes placing batteries and using advanced battery management systems to prevent overheating and fires. Additionally, Tesla vehicles have undergone extensive crash testing and safety evaluations to meet and exceed industry standards.
- Regular Maintenance and Inspection: Owners of Tesla vehicles in Scottsdale and anywhere else should adhere to regular maintenance schedules recommended by the manufacturer. This includes checking the battery, electrical components, and cooling system to ensure optimal performance and safety.
- Proper Charging Practices: Most Tesla vehicle fires are associated with charging mishaps. To mitigate this risk, Tesla provides guidelines on safe charging practices. It is crucial to use Tesla-approved charging equipment and follow the manufacturer’s recommendations for home charging.
- Emergency Response Training: First responders in Scottsdale should receive specialized training for handling EV fires, including Tesla incidents. Electric vehicle fires can have unique characteristics, and knowing how to respond effectively is essential.
- Battery Thermal Management: Tesla vehicles come equipped with sophisticated battery management systems. Ensuring that these systems are functioning correctly is vital for preventing overheating and potential fire risks.
- Like all vehicle manufacturers, recall and Software Updates: Tesla issues recall and software updates to address safety concerns. Tesla owners in Scottsdale must stay informed about any recalls or updates related to their vehicle model.
- Fire Suppression Systems: Some public charging stations in Scottsdale may have fire suppression systems. These systems can help contain and extinguish fires quickly, reducing damage and risks to nearby vehicles and structures.
- Insurance Coverage: Tesla owners should review their insurance policies to ensure adequate coverage for EV-related incidents, including fires. This can provide financial protection in case of an unfortunate event.
- Public Awareness: Community awareness and education on EV safety are crucial. Encouraging responsible ownership and reporting potential issues can contribute to safer streets in Scottsdale.
- Government Regulations: Local and state governments can play a role in ensuring the safety of EVs on the road. They should continuously review and update regulations to keep pace with advancements in EV technology.
While Tesla vehicles catching fire in Scottsdale and elsewhere have garnered attention, it’s important to note that such incidents are relatively rare compared to the overall number of Tesla vehicles on the road. Owners, first responders, and the broader community can contribute to a safer EV experience by adhering to safety measures, staying informed, and participating in ongoing education and awareness efforts. Like other EV manufacturers, Tesla continues to prioritize safety and invest in research and development to reduce the risk of fires further and improve their vehicles’ overall security.
A comparative analysis of Tesla vehicle fires in Scottsdale, Arizona, can provide valuable insights into the safety and performance of Tesla electric cars in that specific region.
- Incident Frequency: Compare the frequency of Tesla vehicle fires in Scottsdale to the national or global average. To do this, look at the number of reported incidents over a specific period and compare it to the total number of Tesla vehicles in the area.
- Cause of Fires: Analyze the primary causes of Tesla vehicle fires in Scottsdale. Determine if they are due to collisions, battery malfunctions, or other factors. This can help identify common patterns or issues.
- Driver Behavior: Investigate whether driver behavior, such as speeding or aggressive driving, contributed to the fires. This could involve examining accident reports and analyzing any correlations.
- Battery Safety: Assess the safety of Tesla’s battery technology in these incidents. Compare the rate of battery fires in Tesla vehicles to internal combustion engine (ICE) vehicles in Scottsdale.
- Emergency Response: Evaluate the effectiveness of emergency response procedures in Scottsdale for handling Tesla vehicle fires. This includes response times, equipment, and firefighters and first responders training.
- Regulatory Compliance: Ensure that Tesla vehicles in Scottsdale comply with local safety regulations and standards. Analyze whether any deviations from these regulations contributed to the fires.
- Vehicle Age: Consider the age of the Tesla vehicles involved in the fires. Determine if older models are more prone to incidents than newer ones, which may have improved safety features.
- Comparative Analysis with Other EVs: Compare the fire incident rates of Tesla vehicles to other electric vehicles (EVs) operating in Scottsdale. This can help establish whether Tesla’s safety record is better or worse than its competitors.
- Public Perception: Assess the impact of these incidents on public perception and trust in Tesla vehicles in Scottsdale. Look at media coverage and social media sentiment to gauge public opinion.
- Tesla’s Response: Evaluate how Tesla has responded to these incidents regarding communication, safety improvements, and any recalls or updates to address potential issues.
- Preventative Measures: Identify any preventive measures or recommendations that could reduce the risk of Tesla vehicle fires in Scottsdale, such as improved driver education, infrastructure changes, or vehicle design modifications.
- Legal and Insurance Implications: Examine these incidents’ legal and insurance implications, including liability issues and insurance rates for Tesla owners in Scottsdale.
To conduct a comprehensive comparative analysis, it’s essential to gather data from reliable sources, consult experts in vehicle safety and electric vehicles, and consider the unique characteristics of the Scottsdale region. This analysis will help provide a clearer picture of the safety and performance of Tesla vehicles in that specific area.
The Future of Electric Vehicles
In recent years, electric vehicles (EVs) have been hailed as the future of transportation due to their environmental benefits and cutting-edge technology. Tesla, a pioneer in the EV industry, has played a significant role in shaping this future. However, a recent incident in Scottsdale has raised concerns about the safety of EVs, particularly those manufactured by Tesla.
The Incident: On [Insert Date], a Tesla vehicle caught fire in Scottsdale, Arizona, sparking widespread discussions and debates about the safety of electric cars. The incident occurred under [Insert Circumstances], and while no injuries were reported, it has drawn significant attention.
Addressing the Concerns:
- Battery Safety: One of the primary concerns surrounding EVs is battery safety. Electric vehicles rely on lithium-ion batteries, which can potentially catch fire if damaged or subjected to extreme conditions. Manufacturers like Tesla have been continuously working on improving battery technology to enhance safety. Advanced cooling systems, fire-resistant materials, and rigorous testing are some measures taken to mitigate such risks.
- Regulatory Oversight: Governments and regulatory bodies have been working to establish and enforce safety standards for EVs. These standards include crash tests, fire safety protocols, and guidelines for battery management. The Scottsdale incident will likely lead to a renewed focus on strengthening safety regulations for EVs.
- Emergency Response Training: First responders, such as firefighters and paramedics, are now receiving specialized training to handle incidents involving electric vehicles. This training is crucial in ensuring the safety of both occupants and emergency personnel during accidents or fires.
- Consumer Education: As the adoption of electric vehicles continues to grow, it is essential to educate consumers about the proper use and maintenance of these vehicles. Owners must know how to handle EVs in emergencies to minimize risks.
- Technological Advancements: Tesla and other manufacturers invest heavily in research and development to make EVs safer. This includes innovations in battery chemistry, improved structural designs, and advanced driver-assistance systems that can prevent accidents.
The Future: While the Scottsdale incident is undoubtedly concerning, it should be seen as a reminder of the ongoing work needed to ensure the safety of electric vehicles. The future of EVs remains promising, with advancements in technology and safety measures continually evolving. It is crucial for all stakeholders, including manufacturers, regulators, and consumers, to work together to build a safer and more sustainable transportation future.
The incident in Scottsdale highlights the importance of addressing safety concerns associated with electric vehicles. As the industry continues to evolve, a commitment to safety, innovation, and responsible usage will pave the way for a brighter and safer future for electric mobility.
In conclusion, the incident in Scottsdale serves as a reminder that safety concerns can affect even industry leaders like Tesla. However, viewing this incident in the broader context of electric vehicle safety is crucial, which continues to improve with each technological advancement.
Is it safe to buy a Tesla after this incident?
While any incident is concerning, Tesla vehicles still maintain a strong safety record overall. It’s essential to consider the context and the company’s ongoing commitment to improving safety.
Are electric vehicles more prone to fires than gasoline cars?
Electric vehicles are generally not more prone to fires than gasoline cars. However, the nature of EV fires and their extinguishing methods may differ.
What safety features does Tesla have in place to prevent fires?
Tesla incorporates advanced safety features, including thermal management systems, battery monitoring, and firmware updates, to reduce the risk of fires.
How can I reduce the risk of a fire in my electric vehicle?
Owners can minimize fire risks by following Tesla’s recommended maintenance and charging practices and staying informed about safety updates.
What should I do if my Tesla catches fire?
In the unlikely event of a fire, prioritize safety. Exit the vehicle, move to a safe distance, and contact emergency services immediately.
Read also: Today’s News From Indonesia


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Apple’s manufacturing hub may have to be relocated outside of China. The Cupertino-based company informed its contract manufacturing partners that it plans to expand manufacturing and is looking for possible alternative areas. Apple cited the anti-Covid policy in the country which continues to remain strict.
Apple’s Manufacturing Hub in China Needs to Go Elsewhere
The Wall Street Journal reported that Apple is looking more closely at India and Vietnam for possible alternatives to China as its production hub. Both these countries currently contribute to a Apple’s global production.
Aside from COVID-19 restrictions, the report also claims that Apple’s heavy dependence on China could be risky for the company. This is due to Beijing’s authoritarian Communist government and its constant clashes with the U.S. government. So, perhaps it’s time for Apple to make a bold move. And if it does so, it could give a signal to other Western companies. Aside from Apple, other companies have been considering the reduction of their manufacturing dependence on China.
Looking back, Apple started planning to move its manufacturing hub away from China before the COVID-19 virus hit the globe. Due to the pandemic, Apple momentarily halted the plan due to the many complications brought about by COVID-19. But now that the situation has slightly improved, Apple has resumed its plans. For starters, Apple told contractors where they should be looking to build new manufacturing hubs.
Can India or Vietnam Companies Meet Apple’s Requirements?
But the question is, will there be a manufacturing company in other possible countries that can meet Apple’s huge requirements? It would be quite difficult to find the cheap and yet highly qualified labor that Apple enjoys from its manufacturing hubs in China. Even if Vietnam and India could be possible alternatives, it will still be a long and slow process. Can Apple afford to suffer from possible delays in fulfilling its target production output for this year?
Another advantage of having the center of its manufacturing hub in China is the fact that Apple can also sell its products in the country. China sales usually account for one-fifth of Apple’s global sales. “Given the size of the domestic market and the well-established ecosystem for manufacturing, China would stay at the head of the pack and handle more value-added work for companies like Apple,” an industry executive involved in the Apple supply chain said, as reported by the WSJ.

domain: news


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Francois Baird criticises tariff rebates as detrimental to local poultry, sparking industry debate.
The decision to approve tariff rebates on thousands of tons of chicken imports is unbelievable and must be reversed, says Francois Baird, founder of the FairPlay movement.
“It will result in a new flow of unwanted and unnecessary imports, putting further pressure on the distressed local poultry industry,” he said.
Rebates on bone-in cuts and boneless chicken
This comes after the department of trade, industry and competition (DTI) and the International Trade Administration Commission (Itac) announced the decision to implement a 25% rebate on bone-in cuts and 30% rebate on boneless imported chicken.
This follows Itac’s announcement in October 2023 it would consider rebates to avoid poultry shortages when SA was hit by a highly pathogenic avian influenza (HPAI) outbreak.
The Association of Meat Importers and Exporters of Southern Africa welcomed the decision, saying the move will play a crucial role in keeping chicken prices affordable.
High praise for South Africa by China’s former envoy
Trade, Industry and Competition Minister Ebrahim Patel last October ordered an investigation into the possibility of import tariff rebates.
ALSO READ: Chicken crisis: Small players face tough hurdles amid power cuts, market challenges
He directed that any rebates should be “for the duration of the shortage of chicken as a result of an outbreak of HPAI”.
No rational basis for rebates
However, not everyone in the poultry industry supports this decision. The SA Poultry Association (Sapa) argued there was no rational basis for rebates on tariffs.
“There is currently a surplus of chicken after producers imported more than 150 million hatching eggs to assure supply.
“Despite the reduction of millions of chickens last year because of bird flu outbreaks, production has recovered to normal levels of 21.5 million chickens a week,” said Sapa.
Izaak Breitenbach, general manager of Sapa, said they were concerned. He said the two criteria for tariff rebates Patel promulgated was for two reasons.
“One is that there needs to be a shortage of chicken, so that needs to be determined,” he said.
ALSO READ: ‘Never asked for bailouts’: Sapa responds to Competition Commission
“The second one, it needs to be because of HPAI. We’ve submitted to Itac detailed information where we surveyed companies in the industry to prove that there is no shortage of chicken in the market.
“Prices of chicken in January have actually come down. Now that indicates an oversupply of chicken.”
Itac stands by estimation of shortage
Itac disagreed and stands by its December estimation that there would be a shortage of 172 000 tons of chicken in SA this year.
Baird said Itac has accordingly issued 65 permits to import 43 000 tons of chicken in the first quarter, and may renew that for a further 43 000 tons in the second quarter.
Agricultural economist Sifiso Ntombela revealed from a trade policy perspective that the rebate was one of the safeguard instruments to correct market disequilibrium.


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Between the new United States-Mexico-Canada agreement and a substantial Phase One trade agreement with China, 2020 has already been an outstanding year for American trade.
However, further opportunities are on the horizon to knock down barriers to trade and deliver wins for our workers, farmers and businesses.
A new opportunity arises as the United Kingdom finally leaves the European Union, drawing to a close a four-year-long process that has often been tumultuous and uncertain.
While much of the talk around Brexit has been focused on the challenges that this fundamental shift will bring, the newfound independence of the U.K. also creates the chance for a new bilateral U.S.-U.K. trade agreement that further brings together our two countries.
Thanks to our longstanding and deep economic ties, the potential benefits of a new trade agreement between our two countries are immense.
The U.K. is the fourth-largest export market for American goods and services, and our seventh-largest trading partner overall with more than $200 billion annually in trade. What’s more, we are each the other country’s largest foreign investor, with total foreign direct investment more than $1 trillion per year.
Still, the economic relationship between our two countries has not reached its full potential thanks to some remaining barriers to trade. As U.S. Trade Representative Robert Lighthizer noted in his negotiating objectives for the U.K., a new comprehensive agreement would aim to eliminate tariffs, expand market access for agricultural goods by eliminating restrictions on quota and non-tariff barriers, harmonize the services trade, and set bold rules for trade over the internet.
As we saw with the USMCA just recently signed by President Trump, these provisions are achievable and worth pursuing.
Beyond these economic considerations, it is worth noting that the U.S. has no better ally than the U.K. When we look back on the experiences of our joint history, we find that our shared values, as well as our common political and cultural traditions, are bonds that have endured.
A new trade agreement is more than mutually beneficial economics. It is also an opportunity to reaffirm this crucial alliance and demonstrate the role that trade agreements play as ballast for strategic relationships.
This editorial first appeared on Fox News.


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Toon Xmas TV Schedule Expected
You know Christmas is approaching when the bumper edition of the Radio or TV times goes on sale in the shops.
Although those are still a few weeks from appearing, the TV companies have to give a longer notice now of their intention to show football matches live.
Today is supposedly that day when we can work our shopping or nights out around Newcastle playing home or away.
The period of games where any of them can change is rumoured to stretch for eleven games with a lot of talk recently about a Xmas Eve game being announced this year.
There was talk for a while that our trip to West Ham that is scheduled for Saturday 23rd December would move back a day but talk this morning all over social media and on Sky is that a Xmas Eve live game is not likely to happen although it's not confirmed yet.
Games in that period that I personally think will move are Chelsea away, Everton home, Man City at home and maybe the return a month later but we'll find out today hopefully.


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Perth is facing a double retail blow with two chain stores likely to pull out of the central shopping zone.
The Fair City is set to lose Paperchase, the stationery brand which has a branch on the High Street, after the company announced it is “on the brink” of administration.
The firm has filed a notice to appoint administrators, a move that will give it breathing space from its creditors while it works out a rescue plan.
There is a Paperchase outlet midway along Perth High Street. The company has 127 stores and about 1500 employees.
A second lockdown in November in some UK cities wiped away a crucial period for the firm, which makes just under half its sales from pre-Christmas card and gift purchases.
Paperchase said: “The cumulative effects of lockdown one, lockdown two - at the start of the Christmas shopping period - and now the current restrictions have put unbearable strain on retail businesses across the country.”
The company went through an insolvency process, known as a Company Voluntary Arrangement or CVA, almost two years ago to cut costs.
The chain now has just a week to find a solution.
“Out of lockdown we’ve traded well, but as the country faces further restrictions for some months to come, we have to find a sustainable future for Paperchase,” the spokesperson added.
Meanwhile the household and kitchenware supplier Lakeland has announced it will leave its large site in Perth in St John Street.
Lakeland will slash four branches. Ipswich closes this month, Cardiff and Epson Surrey are next and then the doors of the Perth outlet will close in May.
Lakeland was founded in 1964 in Windermere, Cumbria, and has almost 70 shops across the UK.
Confirming the closures “with regret”, the company said it was “very proud of our store teams” and would be supporting them.
“The experience our customers receive in our retail stores remains integral to our ethos to deliver exceptional customer service and wherever there are opportunities to trade profitably, we will seek to agree, renew and extend leases with landlords,” Lakeland said in a statement.
The Perth store sits side by side with the now empty Beales department store, so its departure will leave that side of the pedestrianised street with little activity to draw customers to the independent shops that share the location.
A string of high-profile retailers dotted around Perth have hit trouble in the past year including Debenhams, Topshop and Edinburgh Woollen Mills.


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When more lendable shares became available than were expected, the cost to borrow Facebook shares for one year, or to “short” shares, fell from 40 percent of the stock’s value Tuesday afternoon to 6 percent Wednesday, according to Astec Analytics, as reported by The Wall Street Journal’s MarketBeat blog.
Tuesday, the annualized rate, which was 28 percent at the trading day’s close, was too steep to short, due to high demand, MarketBeat reported.
According to Astec Analytics, some 36 million shares had been borrowed by late Wednesday, up from 26 million at Tuesday’s close. The decline in the cost of borrowing shares likely led to an increase from the 103 million lendable shares available late Tuesday.
When traders short stock, they borrow shares hoping that the share price will dip so that they can sell and buy back the stock they don’t own and pocket the difference. For example, a trader can short 10 shares costing $50 each, and then sell them. When the price drops to $40, they can buy back the borrowed shares and return them to the original owner, while making a profit of $100.
Image courtesy of Shutterstock.


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With high profile food safety incidents in recent years putting the spotlight on legislation and regulations, manufacturers have to ensure greater due diligence to safeguard their businesses, especially in Southeast Asia, where the standards differ from country to country. By Somchai Chakornsiri, head of Asia Pacific, Eagle product inspection
With food safety becoming an increasing concern for food manufacturers in Southeast Asia, there’s a trend towards advanced X-ray inspection technology.
Thermo Fisher Scientific has upgraded it Thermo Scientific Xpert C400 x-ray system for detecting metals and other foreign objects in food. The upgrades in include an x-ray source with twice the power of the original model, compact sanitary drum motors and shorter line configurations.
Mettler Toledo has launched an enhanced version of its x-ray technology, the AXR-P. Ideal for inspecting packaged foods, including ready meals, the x-ray system features an advanced central processing unit (CPU). This technology allows faster data processing and ensures detection sensitivity at higher throughput speeds.


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The incident occurs after the FBI warned the public that hackers often exploit holiday weekends to launch ransomware attacks.
Epic Games and Time partner to bring the civil rights icon to the popular battle royale's creative mode.
Refine hair searches using six different patterns: protective, coily, curly, wavy, straight, shaved/bald.
Twitter announces the 'industry's first' algorithmic bias bounty competition as part of DefCon AI Village.
Dr. Sonja Ebron's startup allows you to act as your own lawyer if you can't afford to hire one.
Hyper-local apps like Nextdoor and Citizen aim to keep you apprised of what's going on in your neighborhood, but they also thrive on drama, which can be dangerous for our more vulnerable neighbors.
Emergent Works Founder Alex Qin is on a mission to assist formerly incarcerated people through access to computer science. Projects like its Not911 de-escalation app helped the group land a $1M grant from Jack Dorsey.
The grants total up to $6.25 million per institution.
Black developers, esports stars, and visionaries exist at every gaming level, so you have no excuse not to show support.
Kahlil Ashanti believes to be an entertainer, you need to be an entrepreneur, and his unique startup helps performers get paid for their art.
WeSolv is helping businesses foster inclusion and access by delivering programs that allow Fortune 500 hiring managers to base their decisions purely on performance data rather than biases around gender or race.
Just because the Oscars are (still) so white doesn’t mean your streaming experience should remain that way. Sample Black civil rights documentaries, dramas, rom-coms, sci-fi, and other film and TV content with these video streaming services.
Whether you want to avoid disturbing content or preserve bandwidth, here's how to turn off autoplay videos on Twitter, Facebook, Instagram, YouTube, Netflix, Hulu, and Amazon Video.
Apply by April 9 for a chance to receive up to $2 million in funding, plus additional support from Google.
Formerly known as the Urban Movie Channel, Allblk offers a modest, but familiar, collection of contemporary Black movies and shows in an attractive package.
Apple joins big names in the business, sports, and music industries to support LGBTQ+ youth. It will donate $1 million to Utah-based nonprofit Encircle's $8 Million, 8 Houses capital campaign.
In her new book, Harvard-educated Professor Chanda Prescod-Weinstein shares her vision of the cosmos and breaks down the sexism and racism inherent in science.
On average, Black employees rate their job satisfaction lower than their non-Black coworkers, according to new data from Glassdoor. Apple is the notable exception, but there are caveats, of course.
BlackOakTV could eventually become a cool source for Black indie web shows, but currently its insubstantial library and lack of basic features make it difficult to recommend.
Celebrate the season by streaming these excellent picks that spotlight Black talent.


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Qualcomm is introducing a new line of chips today that are custom-made for smart cameras. The new line is called the Vision Intelligence Platform, and it’s meant to get AI features, extreme low-light image processing, image stabilization, and computer vision abilities into more cameras — and to do it better than a repurposed smartphone chip could.
+44 (0) 208 200 8300 ext. 6180
+44 (0) 757 244 2175


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Previously, this blog has discussed the visceral reactions that consumers have to the color red, but that's far from the only shade that captures attention. Coca-Cola, one of the brands most traditionally associated with bright red, is taking a different tactic for a new beverage called Coca-Cola Life. This version will use cans that keep the white cursive script but display it against a bright green background.
The main difference between this and the standard version of coke is that Life will contain stevia, the non-sugar sweetener. After being tested in South American countries like Chile and Argentina, the drink will make its American debut this November.
Although the new design has generated a lot of consumer and media interest, opinions seem to be divided, at least according to social media. Business Insider cited information obtained by researchers Meltwater on the average opinion among customers in Great Britain, another country where the stevia-infused beverage has been available.
The results show a near-even split, with 51 percent of Facebook and Twitter conversations about the green coke negative, and only 49 percent of it being positive. The source received comments from an anonymous representative of Coke, who denied that the product was being poorly received.
"We are really encouraged by the reception that the Coca-Cola Life launch has garnered," she said. "It has generated huge volumes of conversation online about the product and we are really encouraged by what we hearing from our consumers."
All of this shows that companies need to take something like a color change seriously, and reflect it on their sign materials, possibly through custom screen printing.


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Assassin’s Creed Unity Unveils Elise
A new trailer has just been released for the next chapter in the Assassin's Creed
saga, this time bearing what seems to be a new and important character. That character happens to be Elise and who seems to very well be a Templar.
The trailer gives us a glimpse of Arno, the main protagonist, sprinting through the busy Paris streets to save this young woman's life despite their allegiances. The story between these two isn't clear but considering the history of these two factions it will hopefully create an interesting alliance that we look forward to see play out.
Elise will also be featured in a new book with the name "Assassin's Creed Unity," by Oliver Bowden. We are told the book takes on Elise's unique perspective of a city in chaos and will also feature the long battle between the Assassins and Templars.
Assassin's Creed Unity
will be leaping onto shelves and digital stores on October 28th for Xbox One, Playstation 4 and PC.


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In September, Microsoft announced that it hired Nancy Tellem, a former president of CBS Television Studios, to become its first Entertainment & Digital Media president. Tellem would also run a new Microsoft-owned Xbox entertainment studio. It didn't get a ton of attention at the time. Now there's word that Microsoft may be in discussions to revive a cult hit TV series as part of an effort to add original video content for its Xbox division.
TVLine.com reports via unnamed sources, that Microsoft (incorrectly called MSN in the article) is in the "preliminary stages" of plans to launch a new version of Heroes, which is owned by NBCUniversal. The series, which presented a world filled with super heroes but without the usual capes and tights, ran on NBC from 2006 to 2010 for 77 episodes. The article claims that, if Microsoft's deal goes through, the new version of Heroes will concentrate on introducing new characters, with possible cameos from characters from the original series.
It's not exactly a shock to learn that Microsoft might be interested in giving Xbox owners original video content in the future. Netflix, Hulu and Amazon Instant Video are all offering original or exclusive content on their streaming video series in addition to their library of old TV shows and movies. However, Microsoft certainly has the money to help fund a high budget TV series that would be comparable to what the major networks can come up with.
Source: TVLine | Image via NBCUniversal


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Text: Interchain Pulse
On March 27, Zhongqingbao (300052) released the "2019 Annual Report", which referred to the "blockchain" 8 times in the full text, 4 times as the backing of cloud computing, 4 times related to a related transaction, but not once. Appearing in the company's strategy or core business, the blockchain business is the existence of "cutaways."
However, in the past two years, Qingbao's promotion of the blockchain business has blossomed. The company has announced that it has involved blockchain mining, digital currency, games, traceability, government affairs, research, and intelligent manufacturing. Together, they have created a blockchain industry ecology. Zhongqingbao is also regarded by the market as the leader of the blockchain and is sought after by capital.
- Getting started with blockchain | What is a good digital currency valuation model?
- Digital Money and Electronic Payment: Opportunities and Challenges for Global Governance
- Jingdong Cloud launched the problem that Zhiyun chain “cloud” planning has to face
- The central bank's legal digital currency pilot project is expected to land in Shenzhen, Suzhou and other places
- A brief history of crypto exchanges: a glimpse into the evolution of the most powerful organization in the blockchain industry
- Babbitt Column | Scan from WeChat to see future asset trading
On the one hand, the understatement of the annual report, on the other hand, it has repeatedly been released in the capital market. What is the true face of Zhongqingbao's blockchain business?
Nonsense business logic
At the beginning of 2018, the concept of blockchain was hyped up, and the stock prices of related stocks soared. On January 11, Zhongqingbao disclosed on the investor interaction platform, "The digital currency mining machine independently developed by the company's controlling shareholder, Baode Technology, is already on sale; Proton Internet, a wholly-owned subsidiary of the company, plans to use the remaining bandwidth and computing power. Combined with Baode Technology's mining machine to form a shared cloud pool, engaged in digital currency mining in the form of self-use or lease. The shared cloud pool business will be launched in the near future. In terms of game innovation, the company's organizational team is based on blockchain technology. Establish a more transparent, fair, and unchangeable game mechanism for the game's winning and losing probability, and create a good game environment. Such games will be released overseas by wholly-owned subsidiaries in the near future.
As soon as this news came out, on January 12, Zhongqingbao's stock price quickly pulled an daily limit, and the second trading day continued to rise 4.05% on January 15.
This surge has caught the attention of investors and regulators.
On January 17, 2018, Zhongqingbao announced that the digital currency mining machine produced by Baode Technology was mainly used for mining digital currency, and currently has no relationship with the company's main game industry and cloud computing business.
As a result, Zhongqingbao's first blockchain project ended here, and there is no more.
However, the window for Zhongqingbao to use blockchain technology to bless its game business is still open. In the announcement on January 17, that year, "For the development of blockchain game products, it is based on the company's original chess and card games to add blockchain technology algorithms to create a new type of blockchain chess and card games. The expected development time is Released in Southeast Asia for 3-6 months, this type of game is still in the exploration stage. "
On March 27 of the same year, at the Zhongqingbao Shareholders' Meeting, Wen Yi, secretary of the board of directors and deputy general manager, stated that the company is conducting a study on the combination of blockchain and games. The stage is still a strategic judgment.
In the week of March 27, Zhongqingbao rose for a week.
However, at the time when the game mentioned above had to be delivered, Zhongqingbao did not deliver it, but according to the information disclosed by Zhongqingbao later, on August 30, 2018, Zhongqingbao's subsidiary Proton Internet and Shenzhen counterparts helped Heyuan The headquarters signed a "blockchain + product traceability chain" system license contract with a contract value of 400,000 yuan. The system was launched two months later. In December of the same year, Shenzhen counterpart Fufu Heyuan Command entrusted Proton Internet to develop the "Blockchain + Capital Supervision Chain" and "Blockchain + Industrial Project Management Chain" systems. The contract amount was 450,000 yuan.
From the mining of blockchain 1.0, to games of 2.0, to the application of 3.0, Zhongqingbao has caught up.
But how exactly do these two projects work? Interlink Pulse could not find any information, saying that its "three nothings" project was not excessive. "Nothing": No technical introduction. Exactly what kind of blockchain system is used, it is unknown whether the nodes are credible and whether the data collection technology is credible; "Two None": No blockchain browser. Therefore, we cannot see the data of the blockchain operation, how many businesses are on the chain, and how many transactions are generated;
In spite of the "three noes", Zhongqingbao is still regarded as the leader of the blockchain, catching up several times in 2019, with daily limit for three consecutive days since September 16, with a cumulative increase of 43% in a single week. The share price doubled from August 15 to September 24.
Just like mining and games, Proton Internet and Heyuan's cooperation is gone.
External cooperation is gone, internal cooperation is possible. On December 12, 2019, Proton Internet and Doujiu Winery signed a "Blockchain + Smart Winery Project Software Development Contract" for the "Blockchain + Smart Winery" project. Dou Jiu Wine Industry has paid for software services of RMB 4 million. Dou Jiu Liquor is a company of Li Qingjie, the actual controller of Zhongqingbao. However, this cooperation did not disclose what role the blockchain plays in the smart winery. But no matter what, Zhong Qingbao's story of blockchain can continue to be told.
Observing the blockchain business that Zhongqingbao is involved in, it seems that they have fallen from the sky. There is no connection between them. There is no inheritance of technology. There is no replication of products. There is no operation of the following.
Zhongqingbao disclosed the list of blockchain business
(Tabulation: interlink pulse)
The purpose behind
It is worth noting that the related party transactions between Zhongqingbao and Doujiu are based on the needs of their respective entities?
As we all know, after continuous trial and error, the blockchain has started to produce actual value in some areas, such as supply chain finance, trade finance, asset securitization, etc. But for most areas, it is still being explored. The "Blockchain + Smart Winery" project to be built by Proton Internet and Doujiu Wine Industry has never seen the ancients before, and I don't know how long it will take until later. For Doujiu wine industry, 4 million yuan is not a small amount.
Shenzhen Baode Group acquired Jinsha Ancient Wine in 2011. At that time, it planned to make Jinsha Ancient Wine become an excellent sauce-type liquor company with sales of more than 2 billion yuan and become a listed company with a scale of 10 billion yuan.
However, the operation of Doujiu wine industry is much lower than expected. According to the data of enterprises, the Doujiu wine industry has continued to lose money since 2015. Its operating income in 2018 was as low as 2.21 million yuan, and its net profit was -2.6 million yuan.
However, according to the disclosure of Zhongqingbao, the net profit in 2018 was 12,998,800 yuan, and the first three quarters of 2019 were 12,24,900 yuan.
Even if calculated according to the data disclosed by Zhongqingbao, the 4 million yuan paid by Doujiu Wine Industry to Baode Internet is equivalent to one-third of the company's 2018 profit. For a project with unclear earnings and no one has verified it, it is doubtful that the wine industry is so famous.
(Data source: Announcement of listed companies by companies)
But for Zhongqingbao, it is good. From the layout of the blockchain in January 2018 to December 2019, nearly two years, the contract revenue of Zhongqingbao Blockchain was only 850,000 yuan, but if the wine and liquor industry paid, Zhongqingbao Blockchain revenue would immediately increase. 370%.
At least after this news was announced, Zhongqingbao's stock price began to rebound again, from 14.29 yuan closed on December 12, 2019, rose to a high of 17.75 yuan on December 25, an increase of 24.2%.
Some financial data of Zhongqingbao
(Source: Zhongqingbao Annual Report)
According to data disclosed on March 27, Zhongqingbao's annual report, its net profit after deducting non-operating profits and losses was only 18.988 million yuan, a 93.22% decrease from 2018. Most of its revenue and profit growth comes from non-operating businesses such as investment, and it is not sustainable.
The impact of Zhongqingbao's non-operating business on profits
(Source: Zhongqingbao Annual Report)
The main profit has converged, and the non-operating profit is unsustainable, but the stock price of Zhongqingbao has increased by 50% in the whole year of 2019, and the market has doubled in the middle.
However, in the past year, the actual controller Li Ruijie and Shenzhen Baode Investment and Baode Group under its control continued to reduce their holdings.
(Source: Zhongqingbao Annual Report)
This article is the original [Interlink Pulse], please indicate the source when reprinted!


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Nintendo seems to have sped up Super Mario 3D World on Switch and more
Super Mario 3D World will finally be joining the Switch lineup early next year, but it’s more than just a port. Nintendo has already indicated that there will be brand new content with Bowser’s Fury and online play will be supported, but GameXplain has picked up on other changes/additions as well.
– Faster on Switch vs. Wii U (possibly around 20-30%)
– There may be an adjusted camera on Switch
– Odyssey-style mid-air dive
– More impactful roll
You can find a comparison video for the Switch and Wii U versions of Super Mario 3D World below.
Super Mario 3D World + Bowser’s Fury is slated for February 12, 2021.


text: John Swiger is quite literally half the man he used to be. In January 2020, Swiger says he was known as the "aloha shirt guy on 'Jeopardy,' weighing at more than 400 pounds. When he lost his tourism company in Hawaii during the pandemic, he looked at himself in the mirror. He realized he needed to lose weight. From then on, he began watching his diet and exercising with his children. Swiger now weighs an astonishing 200 pounds. As for his career, he is now fitness instructor. “My mission from now on is to encourage and inspire as many people as I can so that they can do impossible things too,” he says.


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Mumbai: OPPO India, the leading global smart device brand, today announced a new initiative to honor the unsung heroes of Covid-19. Under this initiative, named “Salute to the Ultimate 120 with the Power of Change”, OPPO India will showcase 120 Covid-19 innovators from all domains of life on their strategy to manage this pandemic and acknowledge some out-of-the-box ideas. These innovators vary across innovation, endurance, performance, and style. This initiative is a testament to salute those leaders who are helping people help each other and offer creative solutions to tackle the pandemic.
This initiative is in collaboration with Forbes India, which will produce four special issues.Each issue will be centred on each of the four pillars – Innovation, endurance, performance, and style and highlight the creative minds of influencers. The same will be featured on other platforms in a video format to highlight the contribution. As part of this collaboration, OPPO has also felicitated the influencers with their recently launched Find X2 Pro smartphone.
From the beginning, OPPO has been determined to be an extraordinary brand. Find series is the symbol of OPPO’s exploration spirit and each product embodies OPPO’s thinking of the future. The exploration spirit of OPPO is rooted in the products’ DNA of Find series. Their exploration for extraordinary has projected on the flagship series, creates outstanding products for each generation of Find.


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Netflix, Inc. (NASDAQ:NFLX) stock soared to yet another record high on Thursday amid buzz involving a comparison with Walt Disney Co (NYSE:DIS). Netflix stock comes close to Amazon stock right now in terms of bullish analyst notes to start out the year. Today an analyst initiating coverage of the streaming giant said that Netflix and Walt Disney will be the two big media giants, although in some respects, they’re already there.
Netflix stock price target set at $245
Barclays analyst Kannan Venkateshwar initiated coverage of Netflix stock with an Overweight rating and $245 price target. He said the company has the potential to become “one of the most successful media companies.” He cited the company’s global footprint and addressable market of about 550 million broadband subscribers, pricing power, growing library, shift toward local content and greater “stickiness” caused by multiple seasons of its popular original series.
He also believes that “consumer inertia” will ultimately become a major driver of growth for Netflix, just as it already has been in overall patterns of media consumption. He explained that this “inertia” typically provides benefits to early movers and leaders in the media industry and should enable the company to keep growing its prices while helping its costs and possibly improving its margins gradually.
Challenges for Netflix
Venkateshwar noted that there are some challenges for Netflix stock as it is no longer a small company that’s pulling from competitors’ shares of the market. It’s now a leader, which means that competitors are focusing on it. Further, he argued that Netflix isn’t a “platform” like Amazon, Google, Apple or Facebook are, in his view.
He stated that the streaming firm’s business model limits opportunities to bundle services or products, and it doesn’t have the deep pockets that Amazon, Google, Apple and Facebook have. He also pointed out that it could become difficult for Netflix to gain access to premium content as the media space consolidates and it faces off with local competitors in overseas markets.
On the other hand, the analyst likes Netflix’s management team, especially their “vision and execution,” which he called “meaningful offsets” to these challenges. In his view, what’s unique about Netflix is the way it is put together and not the building blocks it is made of. He feels that the formula would be difficult for a competitor to replicate and believes that none of the company’s large competitors have set forth a “compelling vision of a product that consumers truly care about.”
Is Netflix stock expensive?
Venkateshwar acknowledged that many argue valuation when it comes to Netflix stock, but he argued that the market’s way of valuing the company isn’t very different from how it values media firms such as CBS or Time Warner. He describes this method as being “in terms of steady state margins, asset turnover and reinvestment rates.” Because he sees similarities in the way the market values all of these media firms, he doesn’t feel that the price of Netflix stock is “unreasonable.”
On the other hand, he also sees valuation as being “in some ways a self-fulfilling prophesy” for Netflix stock. He explained that during high-growth periods like right now, investors are willing to look beyond earnings to subscriber and revenue growth. However, if the streaming firm starts to miss subscriber estimates—as it did in recent years due to the “un-grandfathering” in connection with a past price increase—then the focus for Netflix stock will probably return to earnings and cash flow, possibly at “an unfavorable point in the valuation cycle.” However, he doesn’t see this happening any time soon.
Netflix and Walt Disney are already there: Cramer
“In our opinion, in the next 3-5 years Netflix is likely to become the second biggest media company by revenue (ignoring studios and theme parks), next only to Disney,” the Barclays analyst added.
However, CNBC’s Jim Cramer believes Netflix and Walt Disney already occupy the top two spots in the media industry. He said in a video posted on The Street that “Netflix is bigger than everyone but Disney” already. He also said that he feels Barclays was “late to the story of Netflix” and warned that Netflix stock could take “a break” soon like the other FANG stocks have.
The break taken by the other FANGs hasn’t lasted long, however, as Alphabet, Amazon and Facebook have all started out the new year strong. Netflix stock touched another high in intraday trading on Thursday, rising more than 2% to touch $217.75.


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In January 2009, the bitcoin network was created when Nakamoto mined the first block of the chain, known as the genesis block. Embedded in the coinbase of this block was the following text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This note has been interpreted as both a timestamp and a comment on the instability caused by fractional-reserve banking.:18
Welcome to the Investopedia Bitcoin Center, where you can find the current price of Bitcoin as well as real-time updated news on the world’s most important cryptocurrency. For good or for ill, Bitcoin is being explored by every major world bank and may very well be the backbone of our global financial system in the near future. Use charts, watch videos, learn new Bitcoin related terms, and get all of your questions answered about Bitcoin here at Investopedia.
The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and the media. In the United States, the FBI prepared an intelligence assessment, the SEC issued a pointed warning about investment schemes using virtual currencies, and the U.S. Senate held a hearing on virtual currencies in November 2013. The U.S. government claimed that bitcoin was used to facilitate payments related to Russian interference in the 2016 United States elections.


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Boom, it is that time of year again when all gamers turn their eyes to the US and E3 2019, but this year has certain extra special focus from me and all my attention is on Xbox. With Sony taking a year off from E3, Microsoft and Xbox have all the stage they could want to showcase everything they have been working on for the last two years really and following their excellent 2018 E3 Briefing where they revealed all the new studios they had acquired to hopefully work on Xbox exclusives, well, this year’s briefing should be something special.
Personally I am very much hyped to see more of HALO: Infinite and Gears of War 5 as well as the possible reveal of Fable IV and other exclusives for Xbox One, not to mention the tease or announcement of the next gen Xbox console. Below you will find all the trailers and news from the briefing including my own final thoughts.
Kicking things off with the Xbox Game Studios logo taking front and centre and going straight into the first trailer of the night for ‘The Outer Worlds’ from Obsidian Software releasing October 25th this year.
Next up is Ninja Theory, and Xbox clearly setting the tone of the night by leading with developers from Microsoft Studios showcasing the new games they are working on. Here Ninja Theory reveal what they have working on since they were acquired by Microsoft. That game is ‘Bleeding Edge’ with a technical alpha kicking off in July 2019.
Next we have the long anticipated sequel to Ori and the Blind Forest with ‘Ori and the Will of the Wisps’ releasing February 11th 2020.
Next up from the creators of Minecraft comes what looks like a full action adventure set in a Minecraft world with RPG elements to boot too, the game is ‘MINECRAFT Dungeons’ and is releasing Spring 2020.
Next Phil Spencer, Head Deity of all things Xbox takes to the stage. Phil is talking about the future of Xbox alongside the global growth of the video game community and is all about playing the games you want, anyway you want and that gaming is for everyone however and with whomever they want to game with. The big news…they will be revealing the next Xbox Console today!
EA brings a new trailer for Star Wars: Jedi Fallen Order, which after watching EA Play yesterday, left me rather underwhelmed. Available to pre-order now, it will be releasing on November 15th 2019.
Next the world premier of a brand new horror game ‘Blair Witch’ releasing August 30th.
Wow huge surprise here as Xbox is showing a brand new ‘Cyberpunk 2077’ story trailer, and it is looking incredible. Sadly it was a pre-rendered trailer but it certainly has me hyped up for this game and especially as Keanu Reeves appears in the trailer….and then on the dam stage to lead the presentation, I mean…holy sh*t balls!! The bonus is we also get a release date of….April 16th 2020!!
Surprising to some but not me as Battletoads is back and all 2019afied with a new game releasing on Games Pass but no date as yet.
A look at some [email protected] titles coming soon, highlighting Xbox commitment to supporting indie games and developers with some very interesting looking titles for Xbox as well as a presentation on Xbox Games Pass for console and PC along with the reveal of some new titles added today including METRO Exodus which is a very recent title.
Focus was really on the launch of the Games Pass for PC which launched its beta today, announcing that alongside HALO Reach Remaster when it launches, but the entire HALO Master Chief Collection will be available for the first time on PC.
Next up is an absolutely insanely photo realistic trailer for ‘Microsoft Flight Simulator’
Age of Empires Definitive Edition announced for this fall, coming to Windows PC with the PC Games Pass…sadly not Xbox One consoles…so…boooo!!
Loving this trailer for Wasteland 3, great humour. It’s a cold war in Colorado. Join the Rangers, see exotic lands, and meet “interesting” people.
Matt Booty, head of Xbox Game Studios takes to the stage to talk about their progress and all the new things the various teams are working on and also announcing that Double Fine Productions has now been acquired which is….insane considering their back catalogue of titles they have made, Tim Schafer comes on stage and pretty much a standing ovation for this icon of video gamest to announce ‘Pyschonauts 2’
We have a new LEGO Star Wars Game next with a trailer for ‘Star Wars: The Skywalker Saga’ which will feature all nine of the big screen Star Wars film saga!!!
Well I did not see this coming as now we have a brand new Dragon Ball game in ‘Dragon Ball Project Z’ for early 2020.
The tone shifts to a very grown up and dark trailer for a game seemingly based on a man stuck in a time loop…and it looks amazing. That game is ’12 Minutes’.
Way to the Woods is up next and the animation and music is just stunning by itself and is already on my need to play list in 2020. A Reminder that all the games above from Xbox Game Studios including this one, will come to Xbox Games Pass on day of release!
Gears of War 5 gets an immediate reaction from the studio audience and it is a stunning trailer and choice of musical track. Trailer leads into a on stage presentation by studio head who announces that Gears 5 will release on September 10th, with four day early access with the Ultimate Edition which if you are a subscriber to Games Pass Ultimate, you will also have access too. Now, this is a worrying use of Early Access to games and I am not sure I am a fan of it!
We also get a look at new game mode for Gears 5, Escape!
Xbox hardware time now as the new redesigned Series 2 Elite Controller is showcased in a new trailer, which will also work on both Windows 10 PC and Xbox One Consoles. It has really remade based on player feedback with new grips, longer battery life and is available to pre-order now in the US.
Dying Light 2 is up now, as a fan of the first game I have been chomping at the bit for more information on this game, this could be something truly special when it launches
Back into the drivers seat as Forza Horizon 4 goes…well….all….LEGO??!! Will release this week for the game!
Gears of War PoP is up next, what was thought to be just a parody trailer at E3 2018, now has a new trailer revealing it to be a mobile game for iOS and Android devices.
State of Decay 2 continues to get new content with a brand new story expansion called ‘HeartLand’ releasing today!
The World Premiers just keep coming, this time with a title from SEGA appearing for the first time in the West on Xbox and cross-play with Windows 10 PC and will be FREE to Play as ‘Phantasy Star Online 2’ releasing early 2020.
*Update – SEGA have just confirmed that the above is a US only release for 2020 at this time with no date if at all for a UK or EU release….so, that kinda really sucks! *
#PSO2 is finally making its western debut in North America on Xbox One in Spring 2020. Regarding an EMEA release, there's nothing to confirm right now. We understand it’s frustrating, but when we have more news to share, we will. Stay tuned to https://t.co/jlgi18auv2 for updates. pic.twitter.com/Tjii62el6G
— SEGA (@SEGA) June 9, 2019
Crossfire X is coming to Xbox as a ‘coming to console first’ exclusive in 2020!
Bandai Namco revealing their new title with a real Final Fantasy feel to it, Tales of Arise will release in 2020.
Borderlands 3 time now with a new trailer, like fans need to be convinced to buy this, but the more I see it the more I NEED this game in my Xbox come September!! Timing is also great as the ‘Handsome Jack Collection’ lands on Xbox Games Pass today bringing Borderlands 2 and Borderlands the Pre-prequel’ for the first time to the pass.
We end with reveal of the leaked Borderlands 2 DLC has finally happened and can downloaded for free today!
Another confirmation of a game that leaked yesterday, as the collaboration between the creator of Game of Thrones himself, George RR Martin and Fromsoftware legend Hidetaka Miyazaki called Elden Ring, releasing for Xbox One and PC alone
Uncle Phil Spencer is back on stage on a night when they have announced 60 games and now we have their own take on their Cloud streaming service ‘Project X Cloud’. It will have two modes, Console Streaming turning the Xbox One console into a “free” streaming machine. But now we have the big reveal……the next Xbox looks incredible but just like the Xbox One X, no console name as yet or a look at the finished product, instead its the reveal that it is called Project Scarlett, which has been teased in all the pre E3 marketing by Xbox in hidden codes btw. The news is, Project Scarlett will launch in time for Christmas 2020….with HALO: Infinite!
This story trailer is our firs real look at HALO: Infinite, 343 Industries has been teasing that this is a reboot for how the HALO Series will play going forward with a trailer showing a stranded UNSC Pelican Pilot lost in space….who finds and recovers….the Master Chief who has been adrift in space and is holding Cortana’s old containment chip! Goosebumps baby..all I can say…Goosebumps!!!
and that is a wrap…..
Blown away, just what an incredible showcase to kick off E3 2019 and how bright is the Xbox Universe right now. Over 60 titles shown tonight, reveal of the next gen Xbox which will no doubt have a full reveal at E3 2020 and launching as all Xbox Consoles should launch, with HALO Infinite Holidays 2020 in time for Christmas. We had a good few surprises such as that instant must watch moment as Xbox given the opportunity to reveal Keanu Reeves as not only starring in Cyberpunk 2077 but also taking to the stage to announce its release date and yeah, i will buy that game just because he is in it, like I would not have before but dam its not negotiable now!
As for the Xbox Line up, Xbox Games Studios is just becoming a real force of nature in gaming and adding Double Fine Productions is simply icing on the cake. So many amazing first party games which has always been the Achilles heel for Xbox as a platform, have been announced and the Xbox Games Pass looks like a must have, including the new Xbox Ultimate Games Pass. The next gen Xbox Console is sounding insanely powerful and is clearly designed to deliver quite possibly the most powerful console ever, until we hear what Sony are doing, but my word…start putting your money under your mattress right now people in time for Holiday 2020.
Sadly no Fable IV, which is disappointing but then, with the next gen console scheduled for next year along with HALO Infinite, it would not be a surprise to see it announced at the next Xbox E3 briefing.
I am so hyped for all things Xbox right now, genuinely feeling a real sense of pride and joy for what they have managed to achieve in the past two years alone with the direction to delivering the best games possible for everyone truly once again becoming their mission statement, which they had quite frankly lost with the original Xbox One release mess but now certainly back on track. Many titles revealed were 2020 releases but that is not really an issue with so much already out this year it simply makes sense to spread them out a bit more, especially the heavy hitters like Cyberpunk 2077.
This was definitely a win for Microsoft and Xbox and not just because PlayStation is skipping E3 this year so has the stage to themselves, but because they just have finally and truly got their act together and boy….is the future all Green!


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Canada to get its own FABTECH show in 2012
The Society of Manufacturing Engineers (SME), Fabricators & Manufacturers Association Intl. (FMA), and American Welding Society (AWS) have announced plans to launch the first FABTECH® Canada, to be held March 20 to 22, 2012, at the Toronto Congress Centre. The event will showcase the latest technologies, tools, and trends — with a special focus on fabricating technology —- geared toward the needs of Canada's estimated 1.5 million manufacturing employees in industries such as automotive, energy, transportation, and construction.
"FABTECH Canada 2012 will be a one-stop venue for solutions for welding, lasers, fabricating, bending, forming, and more, tailored to the unique needs of our country's growing manufacturing sector, as well as any business that either produces or relies on equipment and machinery in its day-to-day operations," said Janine Saperson, show manager with SME.
The event will feature an extensive exhibitor pavilion and a three-day conference and Town Hall panel session.
In the U.S., FABTECH will continue to be held annually in three rotating cities: Chicago, Las Vegas, and Atlanta. The FABTECH brand also was successfully introduced to the Mexican market in 2009 as FABTECH Mexico.
For more information on FABTECH Canada 2012 or to exhibit or register for the event, visit www.fabtechcanada.com. Show updates also are available on Twitter and LinkedIn.


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SolarWorld won a battle two years ago, and now it’s trying to win the war. The nation’s largest solar industry group is none too pleased.
This story dates back to late 2011, when SolarWorld, which is based in Germany but has a big manufacturing plant in Oregon, began a fight for duties on below-cost and subsidized Chinese solar imports into the United States – and succeeded. But now SolarWorld says that by using solar cells made outside China, the targeted companies are largely evading the duties.
The Dec. 31 SolarWorld filings weren’t yet available on the U.S. International Trade Commission website, but SolarWorld said in a statement that it filed a new case because “China has continued to improperly subsidize its export-intensive campaign and sell below production costs in the U.S. market to seize market share.”
When U.S. regulators slapped duties averaging around 31 percent on Chinese solar products, SolarWorld and its backers had fretted that the ruling was too narrowly focused on the country of origin of the solar cells – just one component of the solar panel. For example: U.S. Sen. Ron Wyden (D-Ore.), said in October 2012 that the U.S. Commerce Department decision on Chinese solar duties “leaves a loophole that will enable these companies to sidestep the impacts.”
While SolarWorld has its supporters, however, it also has many detractors in the U.S. industry. Developers and installers have argued vociferously that duties could snuff out solar’s growth and spark a trade war – and, indeed, China has moved to penalize imports of U.S. polysilicon.
The powerful Solar Energy Industries Association called SolarWorld’s latest move “the wrong approach.”
“Trade litigation is a blunt instrument and, alone, incapable of resolving the complex competetiveness issues that exist between the U.S. and Chinese solar industries,” the group said. “It’s time to end this conflict and negotiations must play a role.”


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Plans & Pricing
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Display ad spending may be about to outpace search this year in the US, but in many markets, search is still in the lead—and expected to stay there. And according to 2015 research, marketers around the world are planning to increase search spending this year.
AdMedia Partners surveyed marketers in Q4 of last year about their plans for digital media spending in 2016. Though newer areas like programmatic buying and native advertising were more commonly expected to enjoy large budget increases in the coming year, marketers expected to put more new dollars toward search than display formats.
Just 2% of respondents said they would up search spending by more than 30%—but about one in 10 marketers did plan to increase search spend by 20% or more. And 16% said they would boost spending by at least 15% over 2015 levels.
Two in five respondents planned to add between 10% and 15% to current search budgets for the year ahead.
Mobile—where search is gaining greater importance—was expected to see bigger budget increases in 2016, which could include additional mobile search spending.
Mobile accounts for a significant share of paid search clicks and ad spending around the world, according to data from Kenshoo about the digital marketing technology company’s clients.
In Q3 2015, more than half of all clicks on paid search ads in the Americas and Asia-Pacific came from mobile devices. Spending was slightly lower, at 43% and 42% mobile, respectively. EMEA was a bit behind when it came to mobile search, with a 46% of clicks coming from mobile along with 38% of spending.
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Popping up in shopping centers across the country, payday-loan stores, or cash-advance shops, are one of the fastest growing phenomena of the financial sector. At the same time, they are reviled by many as parasites that feed on the poor and, along with instant bingo and dollar stores, signal the decline of quality retail in many communities.
This contempt is prompted by the high interest rates these stores charge for short-term loans. The question is, are these businesses taking advantage of people who have fallen on hard times or who place a higher value on the present than the future, or are they providing a valuable service that others are unwilling to offer?
To be sure, the interest rates charged for taking out a payday loan are sobering. As financial writer Michelle Leder points out, with an annual interest rate of up to 500 percent, taking out a $200 loan can require a person to pay back $240—assuming, that is, the loan is paid back in a week.1 It is easy to see how someone could spiral deeply into debt under such circumstances. Nonetheless, the mere risk of engaging in a business transaction hardly justifies eliminating it as an option.
This is especially the case when conventional banks don’t offer such services. Major banks clearly recognize the profit potential of cash advances; they are backing the initial public offering of at least one of the main payday-loan chains. The problem is, as Leder points out, they have their good names to protect. So while competing against the loan stores might reduce interest rates, the banks stay out of this market for fear of being labeled predatory lenders. For those with poor credit or in a financial tight spot, this means there may be no better alternative.
Rather than assuming that consumers are unable to make informed financial decisions on their own, those opposed to the stores’ spread ought to consider the numbers behind the numbers. Even at the current high interest rates, Leder notes that consumers may still find cash advances cheaper than credit-card late fees or bounced-check bank fees.
Indeed, payday-loan stores may be expanding so rapidly precisely because consumers are performing such calculations. According to Leder, last year there were over 20,000 loan stores in the United States, twice the number of three years earlier. The Ohio-based Check ’n Go, one of the nation’s top three chains, opened 100 storefronts last year and plans to do the same this year.
Another aspect worth considering is the role these firms play in bringing out in the open what was once the exclusive province of organized crime. What many who wish to advance social agendas through legislation fail to understand is that removing a legal option does not remove the demand. To the extent that “mainstreaming” this service has eliminated the many negatives of loan sharking, payday-loan stores have achieved a significant success.
The role of the entrepreneur in providing services demanded by the public is crucial to the economic advancement of everyone. Claims that this particular service is predatory belie this fact and discount the benefits obtained by those who use it. As John L. Rabenold, a Check ’n Go spokesman, explained, “Our customers don’t think they’re making a bad financial decision.”2
John Stuart Mill warned that efforts to “save people from themselves” through legislation are fraught with peril. “[T]he strongest of all arguments against the interference of the public with purely personal conduct,” Mill said, “is that when it does interfere, the odds are that it interferes wrongly, and in the wrong place.”3
In his book Liberalism, Ludwig von Mises went even further. Not only are efforts at intervening in the marketplace ineffective, but also they necessitate either a repeal of the initial action or further intervention to address the failures that follow. According to Mises, “There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.”4
Strong words, to be sure. But the debate over payday-loan stores raises large questions about the role of government in our everyday lives. In the name of defending the poor, those seeking a regulatory clampdown may do little more than take away another option from those who have few to begin with.
1. Michelle Leder, “How the Other Half Banks,” Slate, May 10, 2004, http://slate.msn.com/id/2100276.
3. John Stuart Mill, On Liberty (New York, N.Y.: E.P. Dutton & Co., 1957), p. 140.
4. Ludwig von Mises, Liberalism: The Classical Tradition (Irvington-on-Hudson, N.Y.: Foundation for Economic Education, 1996), p. 79


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While Shiftgig can operate within a workplace of a few employees to a few thousand, it’s the small businesses across the country that drive the entrepreneurial spirit upon which the on-demand workforce is built. National Small Business Week has been a tradition since 1963 when then- President John F. Kennedy created it as a way to recognize the critical contributions small businesses make in this country.
But what exactly defines a small business? Here are a few facts courtesy of the U.S. Small Business Administration Office of Advocacy:
- A small business is any independent business with fewer than 500 employees.
- As of 2013, there were 28.8 million small businesses in the U.S.
- Between 1992 and 2013, small businesses accounted for 63% of all net new jobs.
The SBA also reports that more than half of all Americans own or work for a small business. Additionally, those small businesses create two out of every three new U.S. jobs each year. LinkedIn also found that small businesses contribute about 40 percent of the hiring in the gig economy.
So take some time this week to thank your favorite small business owners. And if you want to learn more about National Small Business Week or to sign up for one of their free webinars, visit their website.


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Check out the February edition of Rubber World featuring "Improvements in carcass carbon blacks to enhance compound performance", by Michael Jacobsson, Peter Cameron, Joel Neilsen, Leszek Nikiel and Wesley Wampler of SRCE
Sid Richardson receives patent for treated carbonblacks in low hysteresis applications
June 4, 2015 - Fort Worth, TX – Sid Richardson Carbon and Energy (SRCE) has begun the planning phase for the construction of a carbon black production facility in Mexico. “Based on the current demand for carbon black in North America and projections for the next 5 years alone, we are viewing this venture as a necessary move to serve our customers,” says Bill Jones, company President and CEO. “We hope to have this new facility producing carbon black in 2017,” Jones adds.
Sid Richardson Carbon Company (SRC) announces that all selling prices of its carbon black products will increase effective July 1, 2016, or as customer contracts allow. Price increases between 4% and 6% will be implemented. According to William R. Jones, President and CEO of SRC, the price increases are necessary to offset increased operational costs associated with increasing governmental regulations, increases in the cost of labor and capital equipment necessary to maintain plant infrastructure and inflation-related impacts. “Over the last several years, SRC has made significant investments in its production facilities in the US to drive productivity and continuously improve the quality of products and services for our customers. In addition, painstaking efforts have been made to reduce production costs. While in past years we have made every effort to avoid passing on any cost increase to our customer base, this situation is no longer sustainable. We will continue to take every action to minimize our cost structure but have come to a point where we are forced to appropriately adjust our prices to offset cost increases imposed on us,” said Jones. SRC will also implement changes to its Standard Terms and Conditions of Sale and its Standard Packaging and Premium Charges, in each case effective July 1, 2016


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Levi Strauss Steps Down Better Cotton Initiative (BCI) Board
Levi Strauss & Co stood down from the leadership of the cotton trade body Better Cotton Initiative (BCI). After Chinese internet users raised concern about alleged forced labor in Xinjiang, several brands including H&M, Nike, and other BCI member brands were targeted. BCI is a group that promotes sustainable cotton production. Its members include Nike, Adidas, H&M, and Japan’s Fast Retailing. The China branch of BCI however said in March there were no signs of forced labor in Xinjiang. No further comments were made by BCI since then. Member brands now remain indecisive and stricken as to how and when to respond to the Chinese user’s claims made around them.
American Eagle Rolls Out Its Augmented Reality Campaign On Snapchat
American Eagle launches its new fall‘21 back-to-school campaign, “Future Together, Jeans Forever,” by deploying an innovative virtual shopping experience powered by Snapchat’s “Dress Yourself” tool, and in partnership with cartoon avatar creator Bitmoji. The campaign accentuates a variety of new denim offerings to further the brand’s momentum as a leader in jeans and aims at getting young people excited about showing off new styles as they head back into the world together for a new school year.
The campaign’s innovative augmented reality experience allows Snapchat users and American Eagle fans worldwide to create an outfit from the Bitmoji avatars of American Eagle brand ambassadors Addison, Chase, Madison, Caleb, and Jenna in clothing from the retailer’s “Future Together, Jeans Forever” line, as well as use their phone’s self-facing camera to try on and shop select looks themselves. Combining appealing influencer personalities, both real-life and virtual-avatar-based, and the latest technological trends, like augmented reality, provides a potent way for brands to speak to and with their Gen Z, millennial, and younger customers.
Kontoor Aims For Product Diversification To Escalate Q2 Wins
Kontoor Brands’ Wrangler and Lee businesses exceeded financial expectations in Q2. In an earnings call on Thursday, the company reported that Wrangler brought in $311 million in revenue for a 24% increase since last year, while Lee brought in $176 million for a 105% increase. Revenue across all brands totalled $491 million for a 41 percent increase, fueling executives’ confidence for the future. To sustain this momentum, the company is diversifying its offerings through strategic product extensions, focusing on increasingly popular categories like outdoor, workwear, and T-shirts. CEO Scott Baxter said the new categories present nearly $150 billion in total addressable markets, and are a natural addition to the brands’ current offerings. Baxter further said that the shift to casualization is “not cyclical” but will continue to fuel the brands’ relevance over time stating that the industry is seeing a “denim resurgence” in post-pandemic consumerism.
Levi Strauss & Co. To Acquire Beyond Yoga
Levi Strauss is set to buy Beyond Yoga and make its entry into the booming activewear segment after a pandemic year that saw job cuts and weakened sales. Levi Strauss expects the all-cash transaction to add more than $100 million to its net revenue by the end of next year. It plans to expand the mostly digital, size-inclusive Beyond Yoga to a wider, more global audience. Beyond Yoga co-founder, Michelle Wahler will continue as chief executive of Beyond Yoga, a standalone division within the company, and report to Levi Strauss president and chief executive Chip Bergh. Wahler said that the brand was glad to become a part of the Levi Strauss & Co. family and the initiative will aid to accelerate their growth by leveraging the experience and resources of their team and their global infrastructure.
Indian Textile Firm Arvind Ltd Triumphs Triple-Digit Growth In Apr-June
Arvind Limited, one of the largest textile companies in India, reported Q1 revenue skyrocketing to 140 percent, reaching ₹1,439 crores compared to revenue of ₹599 crores in Q1 FY21. For the period ended on June 30, 2021, textiles business which includes denim, wovens and garments reported a 170 percent jump in revenues to ₹1,176 crores (₹436 crores). The company’s EBITDA for the quarter escalated 460 percent to ₹104 crores with a loss of ₹29 crores. While net loss shrank to ₹8 crores.
Robust export demand for the denim category whose volume grew 2.8 times in Q1 FY22 neutralized the reduction in domestic orders, while the woven category recorded volume growth to 3.3 times. Moreover, garments volume improved 1.8 times year over year. On the contrary, Advanced Material segment sales expanded to ₹193 crores. For Q2 FY22, Arvind Limited predicts exports demand to remain strong along with domestic revival to gain traction from August. The company expects to reduce its debt to near Q4 FY20 levels in the upcoming quarter.
Denimsandjeans is a premium denim website dedicated to global denim supply chain since 2007 – covering news, trends, reviews and more. .


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Triumph to ramp up Speed 400 & Scrambler 400X production
Triumph aims to export 20,000-30,000 units to global markets.
Triumph plans to ramp up production of the Speed 400 and Scrambler 400X. The bike maker aims to roll out 10,000 units per month by the end of the current fiscal.
Rakesh Sharma, Executive Director of Bajaj Auto said, “Our current capacities are around 5,000-7000 units per month, and by the time we enter the last quarter of this fiscal year, we will be expanding Triumph bikes’ capacity to 10,000 per month.”
Triumph also plans to expand its dealer network in India. “We started with only 14 dealers, and we are now at about 28, and by the end of the year, we will touch 100 cities from the current 20 cities,” Sharma added.
The Triumph Speed 400 and Scrambler 400X will be launched in international markets by the end of this month or by early November. These include the UK, North America, South America, Japan and Southeast Asian markets.
Sharma also shed some light on the company’s export plans. The bike maker aims to ship 20,000-30,000 units to global markets.
Source: Read Full Article


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Grandover Resort and Conference Center is having a grand reveal of its grand makeover.
The well known resort, hotel, golf club, spa and conference center located off I-85 10 miles southwest of downtown Greensboro has just completed the $10-million second phase of a major renovation project, and, this week, the resort is showing off those results.
Grandover, which has about 250 guest rooms and includes two golf courses and a spa, now has a new look and updated amenities.
Christina York, the director of sales and marketing for Grandover, said this phase of renovations will be much more noticeable to the guests and the public than the first phase of renovations.
“Phase 1 was things you don’t see,” York said, adding that the first phase involved new HVAC systems and other building infrastructure.
York said the new phase, which the resort is unveiling to the media and other parties on Tuesday, Nov. 20 through guided tours, includes a complete renovation of the guestrooms and amenity areas at the resort. For instance, the bars and the spa have a new look. There are other changes too.
“We’ve added an art gallery as well, “ she said. “It will feature local art.”
She said that there are other upgrades of the resort on the horizon.
Grandover which encompasses about 1,500 acres, has seen a lot of famous guests and big events since it opened in the late ‘90s. It was a longtime dream of the late Greensboro developer Joe Koury.
In recent years, in online reviews, there has been a lot of praise for the resort from those who stayed there; however, there have also been statements in some reviews that the resort needed renovation.