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China’s Economy Appears To Be Slowing Significantly, And That Could Have A Huge Impact
China's economy is still growing, but it's most recently reported growth rate is slower than the nation has seen in quite some time.
For years now, China’s economy has been growing at an incredibly rapid rate as the government in Beijing continues a process of modernization that can trace its roots back to the mid-1970s and the first efforts to turn the nation away from the insular policies that characterized the nation during the first decades of Communist rule. Over that time, China has slowly but surely become a powerhouse economy in its own right. Cities such as Beijing and Shanghai grew at an enormous rate. Chinese manufacturing became the focus of the world thanks to lower wages and a government that essentially looked the other way when it came to worker safety and environmental damages. Port traffic in China’s major port cities surpassed that of anywhere else in the world. As time as gone on, though, many outside experts have wondered just how long the Chinese ‘economic miracle’ could last before there was some kind of readjustment or pause. The fact that economic statistics were, and continue to be, provided by a central government that certainly has the incentive to exaggerate success and minimize signs of trouble ahead, for example, has long led experts to distrust official numbers, or at least to assume that the books were being cooked to some extent.
Notwithstanding the unreliability of official Chinese government statistics, there have been some signs of what really might be happening in China behind the numbers. The stories about Chinese ghost cities — massive construction projects that were built in anticipation of business that never materialized — are well known and rather hard to hide even in a nation like China where information is tightly controlled. Additionally, the stock markets in Shanghai and Hong Kong have largely become beyond the ability of the government to control and are often taken as warning signs of weaknesses in China that the official numbers don’t necessarily reveal, though. Now, though, it appears that reality may be catching up with even the official statistics as China is reporting its slowest growth in more than two decades:
China’s growth slowed further last year, adding to the troubling economic picture that is unsettling investors around the world.
The Chinese economy grew at a 6.8 percent pace in the fourth quarter, according to data released on Tuesday. It was the lowest quarterly expansion since the global financial crisis in 2009.
Uncertainty about the Chinese economy — and whether the government can manage a slowdown — has been weighing heavily on global markets in recent weeks. Investors, in part, are trying to determine if China’s slump will spread, dragging down the rest of the world.
The latest data is not likely to reassure investors that all is well in China, the world’s second-largest economy.
The quarterly growth rate was lower than analysts expected. For the full year, China expanded at 6.9 percent, just below the government’s target of 7 percent.
It is a pace that would be the envy of many developed countries. But the figure represented China’s slowest expansion since 1990, when foreign investment shriveled in the year after the government’s deadly crackdown on protesters in Tiananmen Square.
“Signs of growth bottoming out are nowhere to be seen,” said Li-Gang Liu, the chief economist for greater China at the Australia and New Zealand Banking Groups. “Instead, we will see at least another two years of further growth slowdown.”
After decades of double-digit growth, the Chinese economy is entering a new era of more muted growth. While the government’s leaders have said they are comfortable with this shift, the slowdown creat-es a host of unexpected challenges
China’s growth is decelerating as its traditional industrial businesses struggle with excess capacity and dwindling demand. A slump in new housing construction is hurting consumption of building materials including steel, cement and glass, even as home prices show signs of a rebound.
China’s export base in lower-end manufacturing, once a powerhouse that drove growth and created jobs, has been hollowed out. Factories churning out goods like garments and furniture are losing competitiveness because of lower wages in Southeast Asia and South Asia.
Although consumer spending and more innovative private sector companies are expected to help China’s economy expand in the future, analysts worry that their development will be too slow to offset the current and painful industrial slowdown.
And the government’s response could add to the challenges. The government has rolled out a raft of stimulus measures to help bolster the economy. But that only threatens to leave already struggling companies even deeper in debt.
Taken collectively, China’s results could spell more trouble for global growth, even as the economy in the United States shows resilience.
Separate monthly data released on Tuesday offered no sign that China’s slowdown was bottoming out. In December, industrial production rose 5.9 percent from a year ago, retail sales increased 11.1 percent and investment rose 10 percent — all of which were slightly below economists’ forecasts.
In a news release on Tuesday, China’s state statistics agency said the growth rate last year was challenged by a “complicated international environment and increasing downward pressure on the economy.” However, it added that the economy “achieved moderate but stable and sound development.”
The weakness in China has reverberated around the world, as investors try to dissect what’s actually happening in the country’s economy. The plunge in Chinese stocks, which are now in bear territory, only clouds the outlook.
To be sure, 6.8% annualized economic growth is nothing to sneeze at, but it stands in sharp contrast to the past when China’s economy was growing at a double digit pace. Of course, to a large degree this was happening in response to the government’s ongoing efforts to modernize an economy that decades behind the rest of the world when the modernization process began and which was characterized by massive construction projects, a huge expansion of China’s manufacturing base, the creation of a real consumer economy, and, at least in the country’s major cities, the emergence of something that in some sense can be called a Chinese “middle class.” In many respects, what China experienced during that time period resembled the massive economic growth that history records in places such as the United Kingdom and the United States during the during the Industrial Revolution, and then again in the United States and elsewhere in the immediate years after the Second World War. History also tells us, though, that economic growth at that level is largely unsustainable, and it is replete with examples of economic slowdowns or even outright depressions that would interrupt growth for one reason or another. While China’s economy still remains tightly controlled in many respects, the fact that it is now nearly as dependent on the fluctuations of the market as the rest of the world seemingly makes a slowdown at some point inevitable. Additionally, while there is still much room for growth in China it seems inevitable that as the economy there matures it will enter a phase where the upper limit on sustainable growth will be lower than it has been in the past.
Economic slowdowns in China have long been a cause for worry in the West, of course, due to the extent to which China’s economy is now so deeply tied to the world economy and the potential impact that a slowdown in China could have around the world. The extent of that concern can be seen in the extent to which instability in Chinese stock markets so easily reverberates around the world now in much the same way that signs of stock market nervousness in Europe or the United States have long had an international impact. An economic downturn in China, investors and analysts fear, could end up slowing growth world wide thanks to the domino effect that it would create, and experts worry that the Chinese government may be responding to these signs of a slowdown in precisely the wrong way:
China has forgotten the first law of holes. It’s in one, but it’s still digging.
Specifically, China is adding debt at a pretty fast pace even though it’s already done too much of that the last seven years. And it’s doing it even though the economy is slowing — on Tuesday, the country reported that its economy expanded at 6.9 percent in 2015, the slowest pace in a quarter century.
Despite that slow growth — which many analysts say actually is better than the reality — new borrowing has climbed to its highest level in six months. It’s enough that China now has more total debt—including the government, households, and corporations—relative to the size of its economy than we do to ours.
Now wait a minute. Why is China racking up so much debt? Well, the simple story is that Beijing has tried to replace all the foreign customers it lost during the financial crisis with even more spending on roads, buildings and other infrastructure until Chinese customers are ready to take their place.
But that last part is a lot trickier than it sounds. It means building a stronger safety net so people feel like they can spend. And letting zombie companies go out of business so there’s room for actually successful ones that can afford to pay workers more. And then giving people enough time to get used to the idea of not socking every last yuan away. Beijing, though, hasn’t done any of this. Instead, it’s just told state-owned companies and local governments to keep borrowing more and more and more without much of a plan for doing anything else tomorrow.
This will not end well, and the government knows it. You just can’t add this much debt this fast without a lot of it going bad. And it looks like it’s already starting to. Developers have built cities where nobody lives, companies havebuilt factories that nobody needs, and local governments have built airportsthat nobody uses. So why hasn’t Beijing put the brakes on this? Well, it tried. First, it said that it wouldn’t let local governments, which have been a conduit for a lot of this borrowing, do any more. But then it changed its mind as soon as this made the economy start to sputter. It did bring back the limit a few months later, but there’s a big enough loophole in it—indirect liabilities are excluded—that it’s not clear how much it will really do. Now, you probably heard about the second thing it did. That was hyping up a stock market bubble that it hoped would help companies get the cash they needed by selling equity rather than taking on debt. That hasn’t exactly worked now that stocks are down 44 percent from their peak last summer.
So now it’s back to Plan B: borrowing, borrowing, borrowing some more.
The extent of the increase in Chinese debt can be seen quite starkly in this chart:
Such an extraordinary increase in debt over such a short period seems indicative of the fact that Chinese leaders aren’t really sure about how to deal with the prospect that the Chinese economy could be slowing down to a much slower pace of growth that will, among other things, make placating the ambitions of a rising middle class much more difficult than it has been in the past. So far, the answer from Beijing seems to be to continue the strategy of massive infrastructure projects but that strategy doesn’t seem to make much sense when there clearly doesn’t seem to be the demand for the residential and industrial projects that it is forcing on the economy at this point. Instead, they seem to be just pouring money into projects hoping that someone will come along and use them, thus creating the economic growth that Chinese have become used to. The more likely outcome at this point seems to be more ghost cities, empty factories, and unused transportation that has already become the stuff of legend in China and around the world. That’s not a recipe for economy growth, it’s a sign that the growth that’s being reported is largely phony and that, at some point, the bubble the government has permitted to grow in the economy and the stock markets will pop, sending China into a new world where the economy actually starts to shrink.
The consequences of a Chinese economic downturn for the rest of the world are unclear, but it’s clear that it would have some impact outside of China itself. Chinese purchases of western goods would likely fall off, which would have a noticeable impact on international trade. Western investment in China would also likely slow down as corporations take a step back to wait and see what impact the state of the economy would have on their businesses. On the potentially positive side, a slower economy in China would also likely mean lower worldwide oil prices for a longer period of time as as demand from one of the world’s biggest energy consumers falls off for at least some period of time. Whether a downturn in China would automatically mean a downturn elsewhere in the world seems to be less clear. Analysts have noted that Europe and other parts of Asia are likely to be more immediately impacted by a Chinese downturn than the United States, largely because the United States has a larger trading relationship with nations like Canada and Mexico, as well as Europe and elsewhere, than it actually does with China. It’s also unclear what kind of impact a downturn would have on China itself and Chinese internal politics. For decades now, the government has kept various social forces mollified with strong economic growth, for example. If that slows down significantly, than we could see the some very interesting social developments in China, especially in the major cities. In any case, this is a story worth keeping an eye on going forward.


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The New York Times reports:
PARIS In the latest in a series of unusual efforts to make Paris green, the city is now offering residents free sparkling water to try to wean Parisians not from red wine, but from overconsumption of plastic bottles.
It's located in the Jardin de Reuilly.
The American approach is pithily summed here:
I used to be a plastic bottle, you sons of bitches. Now I’m a Whole Foods bag. But get this, when I was a plastic bottle I was sold to some dickhead 20-year-old at Doug’s Metro Mart in Galveston, Texas. Dig on that irony, artisanal bread-toting yuppie motherfuckers.
We want to hear what you think about this article. Submit a letter to the editor or write to email@example.com.

domain: news


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One of Korea’s biggest cosmetics companies, It’s Skin is planning to up its game on the Chinese market with expanded local distribution and the development of a new brand through a joint venture, according to a report published by Yonhap News.
The K-beauty giant has signed a deal with Hong Kong-listed New World Development Company in order to take advantage of its vast sales network in Hong Kong and China.
It’s Skin currently has regulatory approval pending from the Chinese FDA for 40 products for sale in the Chinese Mainland and also intends to form a joint venture with Zhejiang Semir Garment Co, a Shanghai-based fashion house, to co-develop a new cosmetics brand by the end of 2017. Under the deal, It’s Skin will create a new line of cosmetics for the apparel company to market and sell on the Chinese market from early 2017.
It’s Skin has also signed a memorandum of understanding with Dabur to sell products in India via the local retail giant’s New U chain from September. “India has seen a growing number of middle-income population and there will be more demand for the beauty market,” It’s Skin CEO Yoo Geun-jick told Yonhap News. “I think India will become the ‘next China’, considering its fast-growing population and the geographical proximity.”


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Stories tagged: state licensed marijuana stores
Thu., June 30, 2016
Washington’s new medical marijuana laws take effect Friday, meaning medical dispensaries will close and many recreational stores will expand into that market.
Tue., March 15, 2016
People who feel they’ve been well-served at a state marijuana store can now leave a tip.


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Home > Business > PTI > Report
RBI to align FDI data with global practicess
January 06, 2003 12:55 IST
India's foreign direct investment is expected to rise substantially from this month with the Reserve Bank of India incorporating many new components in the FDI basket in line with international practices.
Industry ministry officials said that the RBI, which was till now capturing inflows purely on the basis of issue/transfer of equity/preference shares of Indian companies to foreign direct investors, would from this month begin including additional components along with reinvested earnings.
"The revision of FDI data as per international practices will not only make our data more accurate and comparable, but also substantially improve the FDI inflow figures," they said.
As per the International Finance Corporation, adoption of international standards for computation could increase India's net annual FDI inflows to $8 billion from around $2-3 billion at present, they said.
A committee comprising representatives of the department of industrial production and RBI to go into the definitional issues relating to FDI had in its report submitted recently, recommended inclusion of reinvested earnings, swap, venture capital, external commercial borrowings, suppliers credit, investment by unincorporated entities, grant and control premium to be included in actual inflows.
Components as per International Monetary Fund definition includes equity capital, reinvested earnings and other capital such as borrowings, lending of funds, debt security and trade credits.
Officials pointed out that mere inclusion of reinvested earnings in FDI data is expected to enhance the figures substantially since a large number of multinational corporates have reinvested their earnings in India.
For instance, Citibank alone has reinvested more than $400 million in India, but it is not captured in the country's FDI reporting, sources said.
Another multinational company, Fiat, has brought in around $300 million in non-equity form of direct investment capital to compensate the losses made by its Indian subsidiary which is not reflected in the FDI figures, they said.
Sources pointed out that 'hundreds of millions' invested through the venture capital route do not form part of the FDI reporting which, if adjusted, could substantially enhance FDI data.
The committee had recommended that reinvested earnings and other capital, at present not included should be captured through survey by RBI by making the reporting system mandatory for the companies through modification of Foreign Exchange Management Act or the International Depository Receipts Act.
It has, similarly, suggested that the RBI should device a suitable reporting mechanism in order to segregate related entity transactions for inclusion of external commercial borrowings, suppliers credit and trade credit.
The changes in FDI data are being made since it has been felt that India's FDI reporting underestimates the actual inflows as it does not include several components which are included in international reporting.
|© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.|


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Diageo India loss rises as demand for vodka falls, spending rises
Firm reports Rs.43.4 crore loss for nine months to 31 March, wider than Rs.12.6 crore loss for all of 2011-12
Bangalore: Diageo India Pvt. Ltd reported a loss of Rs.43.4 crore for the nine months to 31 March, wider than its loss of Rs.12.6 crore for all of 2011-12, as weak demand for vodka and higher spending to promote its newest whiskey brand, Rowson’s Reserve, weighed on earnings.
Total revenue for the nine months ended March was Rs.497 crore, according to documents available with the ministry of corporate affairs. Revenue in the previous financial year was Rs.580.2 crore. The company gets most of its business in India from Smirnoff vodka and Vat 69 scotch whisky.
Diageo has been present in India since the early 1990s, but has been a fringe player, lagging local companies such as United Spirits Ltd as well as global rival Pernod Ricard. United Spirits reported sales of over Rs.8,700 crore and Pernod Ricard’s sales stood at over Rs.7,200 crore last year. To gain a stronger foothold in the market, Diageo bought a 25.02% stake in United Spirits in July, gaining management control at India’s largest distiller.
India’s liquor companies have seen growth slide for three years in a row because of increasing prices and slowing economic expansion.
Last year, rising prices and regulatory changes in key states resulted in a surprise drop in the demand for vodka, once the fastest growing liquor in India, with drinkers moving to cheaper alcohol such as brandy. Smirnoff, too, reported a 6% decline in sales volume last year.
Sales volumes of Diageo’s Vat 69 label, however, increased by over 10% last year as the company increased distribution and gained market share from Beam Inc.’s Teacher’s, once the highest selling scotch whisky in India. Beam’s India unit temporarily stopped making products last year after the company suspended its senior management and began an investigation of the unit’s financial dealings.
A Diageo India spokesperson said the wider loss in the nine months to March reflected the company’s heavy spending on marketing its Rowson’s Reserve whiskey brand, launched two years ago.
“Their focus on scotches and luxury (Johnnie Walker scotch whisky) is very strong and I think because of that Smirnoff seems to have been a bit lost,” said Santosh Kanekar, a former marketing head at Diageo’s Indian unit, who now advises funds on investing in India. “I think the deal with United Spirits would’ve been a distraction, too, because Diageo has strong brands, but the management may have been distracted about what’s going to happen to their futures.”
This year, too, Diageo’s sales performance has followed last year’s pattern, with volumes of Smirnoff vodka declining 4-6% in the first six months, while Vat 69 reported a volume growth of over 30%, again grabbing market share from Teacher’s.
Analysts expect Diageo India to get a boost from the wide distribution reach of United Spirits.
United Spirits said in September that it would distribute Diageo’s brands in India for a distribution fee of 6% of sales. The company expects to sell Rs.500 crore worth of Diageo products this fiscal year.
“The real test will be now when USL is selling their brands. USL has a strong distribution network, so we’ll get to know whether the integration has worked out for Diageo India with their performance this year onward,” Kanekar said.


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According to what was discovered by the Fortnite data miner, the fate of Neoinclinato seems to be now marked: the most futuristic quadrant of Epic Games’ battle royale map will soon rise in the Far West.
The data miner collective led by FortTory reports that it has discovered clear references to structures, buildings, textures and polygonal- themed models among the most hidden lines of code in the latest update that sanctioned the beginning of Fortnite ‘s Season X Westerns that should fit within a larger-scale modification of the quadrant dominated by Neo-inclined sci-fi structures.
The transformation of one of the most iconic sectors of the island of Fortnite Battle Royale, despite being also one of the most “young” due to its appearance only occurred at the beginning of Season 9, could also involve other quadrants of the map, thus giving way to Epic Games developers to break the routine of the island’s explorers and add a touch of unpredictability to their challenges.
In this regard, did you know that Epic has decided to retrace its steps and reintroduce Free Challenges? Fortnite’s new in-game activities will from now on be called Time Missions and will run parallel to the Season 10 Battle Pass Missions.
The sounds for when you enter the wild west themed tilted when its ingame!
I suppose that the place has an orb around it, as you can see in the video, and when you walk through the orb you enter the wild west theme. pic.twitter.com/8j7URTd1Fq
— FortTory – Fortnite Leaks & News (@FortTory) August 1, 2019


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By Ian Firstenberg
(DETROIT) A federal agency opened an investigation into Tesla's Autopilot partially automated driving system following a number of collisions, one of which was fatal, with emergency and other vehicles.
The sweeping investigation, covering 765,000 cars or almost all of the vehicles the company has distributed since its first model was sold in 2014, by the National Highway Traffic Safety Administration (NHTSA) will look into at least 11 crashes since 2018 in which the autopilot system has hit emergency vehicles. Of those crashes, 17 people were injured and one person was killed.
The NHTSA investigation covers Tesla models Y, X, S and 3. This follows 28 special investigations into Tesla crashes with 24 pending.
According to the National Transportation Safety Board (NTSB), Autopilot was operating in at least three Tesla-involved crashes. The NTSB has previously criticized Tesla's lack of additional safeguards on the Autopilot system, which does allow drivers to take their hands off the wheel.
The NTSB has previously recommended that the Bay Area-based automaker limit the areas it can use the Autopilot function. Last year, the NTSB blamed the automaker, drivers and loose regulations at the NHTSA for two collisions in which Tesla models crashed underneath tractor-trailers.
In an unusual move, the NTSB accused the NHTSA of contributing to the crash by failing to adequately require safeguards for Tesla's electronic driving systems. This comes after the agency investigated a fatal Tesla crash, in which the Autopilot was engaged, in Delray Beach, Florida in 2019. The 50-year-old driver of a Model 3 was killed when neither he nor the Autopilot identified a tractor-trailer crossing the roadway and the vehicle slammed into it.
“We are glad to see NHTSA finally acknowledge our long standing call to investigate Tesla for putting technology on the road that will be foreseeably misused in a way that is leading to crashes, injuries, and deaths,” said Jason Levine, executive director of the nonprofit Center for Auto Safety, an advocacy group.
Autopilot has been continually misused and posed a huge risk to consumers since the limited release of the feature in 2018.
Tesla could not be reached for comment and has notably disbanded its media relations office.
Since June 2016, NHTSA has sent investigative teams to 31 crash sites involving partially automated driver-assist systems. Twenty-five of those 31 crashes involved Tesla Autopilot, and 10 deaths were reported related to those crashes.
The emergency vehicle crashes cited by NHTSA date back to Jan. 22, 2018, when a Tesla using Autopilot struck a firetruck that was in the travel lane with its lights flashing.
Tesla shares fell 3.5 percent at the opening bell Monday.
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The Empire Mistake Building. The Statue of Lunacy. Crimes Square.
Now that Time Warner Cable has renamed NY1 after its own appalling self, what other New York landmarks could we rebrand and ruin?
TWC confirmed yesterday that from December 16, its beloved local news station would be known as “Time Warner Cable News NY1.”
In recognition of the outcry this plan provoked when it was first announced, the “NY1” name was tacked back onto the end of this ungainly portmanteau.
TWC seems to think this will help. But it just demonstrates the cable, internet and phone provider fails to grasp how toxic its own name has become.
I am a NY1 superfan, devoted to the point of obsession.
Ask me about Cheryl Wills’ wigs—I have strong opinions. My morning routine revolves around “In the Papers” at 7.42 a.m., and some weeks, NY1 accounts for as much as 90% of my total TV viewing.
At NY1’s twentieth anniversary celebration last year, TWC CEO Glenn Britt happily acknowledged it is a major draw for attracting customers. The explanation for rebranding is to let subscribers who are thinking about leaving the service know they will also be losing their cherished news station.
Britt is right to be proud.
NY1 is a great news organization. Its reports are smart and crisp. The on-air talent, exemplified by the wildly popular morning anchor Pat Kiernan, deftly balance humanity, humor, intelligence and authority. In my opinion, NY1 is the best local news station in the world.
Contrast it with Time Warner Cable, its ham-fisted parent.
TWC is already synonymous in New York with woeful customer service. And the boorish cable giant has only just finished punishing its customers in its dispute over retransmission fees, during which CBS and its premium channel Showtime were blacked out for a month.
There has also been a discernible ethical creep as TWC uses NY1 to promote its interests.
For a news outlet to retain its integrity, it has to be protected from the business agenda of its owner. But TWC seems intent on sacrificing NY1’s hard-won reputation for short-sighted sales and marketing goals.
For example, NY1 has run comically promotional “news stories” on Victor Cruz since the Giants wide receiver signed on as a paid TWC spokesman. He sells their new “TWC Sports Pass” add-on, available for just an extra $8.99 a month.
“Giants Fans Dance With Joy At Victor Cruz’s Renewed Contract,” “Giants Star Victor Cruz Promotes His New Memoir” and “Giants Fans Show Support For Victor Cruz” are just some recent examples of NY1.com’s “journalism” on the player.
Last year, NY1 rebranded its weekend film discussion show from the open-ended “Talking Pictures” to “Talking Pictures On Demand.” The new format limits its panel of critics to only discussing films TWC is renting to subscribers through its On Demand platform—for an additional charge, of course.
And NY1 increasingly features “news” segments about TWC promotions—such as its lounge at this year’s US Open—that are of no public interest, beyond being an advertisement for its parent.
“When you have a big event in New York City, it’s nice to have our customers come and be appreciated,” a TWC rep cheerfully told the camera at the time.
If you are a TWC subscriber, you might also be used to receiving letters or email from the company headed, “We are pleased to extend you additional savings.” This means your bill is going up.
I have received two of those since July, communicating a combined increase of around 20%. Their explanation for each hike is that their real rate is higher, but I’m getting a discount for being a great customer.
It is transparent baloney. And every time they insult me by messaging a double-digit price increase as “additional savings,” I feel the hot force of their contempt for me as a customer.
NY1 is a great news channel. I love everything from its sharp political reporting to its great Broadway show, and yes, even the weather.
But as Time Warner Cable News NY1, it is declining into becoming a shabby advertisement for TWC products in both name and content.
Not even Cheryl Wills’ special-occasion asymmetrical swoosh-wig will to be able to save it then.


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A day after filing for bankruptcy protection, General Motors has announced a preliminary deal to sell its Hummer brand that is expected to save more than 3,000 U.S. jobs.
After several hours of mystery concerning who might buy the iconic brand, GM confirmed late Tuesday that it is in advanced talks to sell it to China's Sichuan Tengzhong Heavy Industrial Machinery Company. Terms of the deal are still being negotiated, but GM expects to close the sale by year's end.
"I'm confident that Hummer will thrive globally under its new ownership," said Troy Clarke, President of GM North America. "And for GM, this sale continues to accelerate the reinvention of GM into a leaner, more focused, and more cost-competitive automaker."


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The shift to remote work has changed how, when and where we work. In the process, it has also changed how organizations collaborate. Watch the video
to see how Microsoft Teams innovations are specifically designed for hybrid work.
Migrating from on-premises solutions to the cloud should begin with expert guidance from Microsoft. Watch the video to see how Dynamics 365 customers can start improving financial performance and streamlining operations as the Dynamics 365 migration program...
Small businesses today have had to adapt to new ways of working, a challenging operating environment and ever-changing customer expectations. Read the blog for insight on how Microsoft 365 is tackling those challenges.
Different ways of working in this hybrid world mean different ways of managing how we work. Read the blog to gain insight on how to approach the day efficiently and meaningfully through proper time management.
A recent FBI Internet Crime Report shows it received over 847,376 cybersecurity complaints in a year, representing almost $7 million in business losses. This, despite the billions of dollars businesses and governments spend fighting these attacks.
With technology playing a dominant role in just about every aspect of operations for businesses of all sizes, digital transformation is a more urgent topic of discussion than ever, it can get wildly expensive, incredibly fast.
What can businesses do to increase the chance the money they invest in technology will actually drive the return they expect, with a budget impact they can manage?
Microsoft already has an Outlook mobile app for Android. But Microsoft is gearing up to release a new one that's known as "Outlook Lite," according to its own Microsoft 365 Roadmap.
To help Forms customers easily create forms or quizzes from beginning to end, Microsoft has updated their portal page experience.
After work, do you … get back to work? For some, there’s a new pattern replacing the 9 to 5.
Microsoft will be ending support for most versions of its Internet Explorer (IE) 11 browser on June 15.


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With the rapid advancement of blockchain and its promising perspectives, there’s a lot of investment money in the field, which makes for a good opportunity for new blockchain startups? Have you ever wondered which blockchain startups have been most well-funded? We’ve compiled a list of some of the best-funded startups in the field as of early 2019, using the data provided by Crunchbase.
The data is not perfect — for one, the difference between a startup and an established company is sometimes blurry; besides, in some cases, it is difficult to define whether a company is blockchain-centered or only employs blockchain in one way or another. With that said, this data gives a pretty good clue over which types of companies are most successful in the blockchain industry. Take a look with us!
China is a promising market for the blockchain field, and so is the industry of mining. So, it’s no wonder than one of the best-funded blockchain startups in the world has been the company which creates chips for bitcoin mining. While the fall in bitcoin’s rate has had some impact on the company, it remains a promising startup, and one of the biggest in the industry.
A field with arguably even more promising future is the Internet-of-Things, and it is good today to be a company that designs blockchain-based platforms for the Internet-of-Things, combining several directions of technology development. It is what Hdac Technology has been doing.
Tezos is a blockchain-powered platform for smart contracts and decentralized applications. Rather than relying on mining, such as some other prominent blockchain platforms, it uses a model based on the Proof-of-Stake algorithm. Having raised $232 million in a fundraiser back in 2017, the company broke the record to become one of the biggest ICOs at the time.
Dfinity sets an ambitious goal of reinventing the internet by developing a decentralized “internet computer that will become the cloud 3.0.” It is not there yet, but investors do believe in the company, which can be proven by almost two hundred million the company has attracted since its founding.
Founded in 2016, the Bancor Network provides a decentralized “smart crypto wallet”, which allows directly converting between tokens rather than exchanging them on cryptocurrency markets. Due to this model, it quickly gained popularity and attracted more than 150 million USD in funding.


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Spending on Father’s Day this year is anticipated to reach $9.0 billion, up from last year’s $8.2 billion, research from the National Retail Federation found.
The average person is expected to spend $88.80 on gifts for Dad, compared with the $122.16 spent earlier this year on Mom, according to the NRF’s 2006 Father’s Day Consumer Intentions and Actions Survey, conducted by BIGresearch.
The NRF said 69 percent of consumers expect to buy at least one card for Father’s Day while 27 percent will give gift certificates and 38.1 percent will spring for a meal or some other outing.
Clothes for Dad will be popular as well with 32 percent saying they will opt for giving threads, while 22.3 percent will give books or CDs, 15 percent will give electronics or computer-related merchandise, 10.9 percent plan to give home improvement or gardening tools, 9.1 percent sporting goods and 11.2 percent tools or appliances.
Complete results are available at www.nrf.com.


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International holiday bookings surged by as much as 600% after UK Prime Minister Boris Johnson announced plans on Monday to gradually relax England’s Covid-19 lockdown restrictions, giving battered airlines and tour operators hope for the summer. Current restrictions on international travel would remain in place at least until 17 May, Johnson’s government stated. Authorities in Scotland, Wales and Northern Ireland, which are responsible for their own public health, will also ease restrictions over the coming months.
EasyJet said that flight bookings from the UK jumped 337% and holiday bookings surged by 630% week on week after the government indicated that travel could start again from mid-May. Holiday company TUI also said that its bookings surged 500%, with the holiday and budget airline group Jet2 stating that its bookings were up by 600%.
Figures release at the start of February showed that the number of foreign tourists who visited Spain during 2020 fell by over 80% to 19 million, the lowest figure since 1969, with the Covid-19 pandemic devastating one of the country’s key industries.
Spain was the second most visited country in the world in 2019, receiving 83…


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Businesses around the world have been affected by the Kovid-19 epidemic. In such a situation, Facebook has started an online shop service to help the businesses and merchants facing this epidemic. In this, shopkeepers will be able to create their own online shop on Facebook. In which they will be able to keep things and stuff in their own way. This service will also be launched on Instagram.
According to Facebook, the main objective of this new service is to ensure that small and medium-sized businesses have an online presence and can sustain themselves in the current situation.
On how online orders will work
, Facebook CEO Mark Zuckerberg said that expanding e-commerce is important to restart the economy in this phase of the epidemic. If you cannot open your store or restaurant, you can take online orders from everyone and send them to people. No fee will be charged from merchants for opening their online shops on this new platform, but there will be a fee for transactions on the shop.
Shops will appear on Facebook and Instagram profiles
Zuckerberg said the shops can be found on businesses’ Facebook pages and Instagram profiles, and they can also appear in stories or be promoted in advertisements. Items made available for business will appear within the shop, and users can save items or place orders.
This is how Facebook shops will work
- A single online store will be created through Facebook Shops, which will be available on both Facebook and Instagram.
- In-app shopping can be done through its checkout feature. Whereas through the messaging feature, customers will be able to chat with businessmen through WhatsApp and Instagram Direct.
- Shops can be found on businesses’ Facebook pages and Instagram profiles. She can also appear in stories.
- Items made available for business will appear within the shop and users can order items.


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Uber customer service is “resoundingly higher” than taxi service, according to results from a series of Ottawa focus groups conducted last month.
In total, 36 people took part in the focus groups, part of a series of studies and reports on the city’s the taxi industry. The focus group results were released Thursday. A comprehensive review is to be completed by the end of the year.
The participants were divided in groups according to age and answered questions about both services for 90 minutes. They also answered a short survey.
“By a significant margin, customers reported that Uber drivers seem more caring, courteous and professional,” said the report from Core Strategies, the Toronto company that conducted the focus groups. “Customers report that they are more interested in the customer, including more engaged in dialogue and more attentive to ensuring customer satisfaction.”
Among other findings:
- Participants reported that 62 per cent of their vehicle-for-hire rides were taken with Uber, and 38 per cent with cabs.
- Cost and the convenience of the app were considered the prime advantage of Uber.
- Vehicle insurance is a significant concern about Uber, particularly for women.
- Women showed a strong preference for Uber and rated it higher in all categories, except for vehicle insurance.
- Men ranked Uber higher than taxis overall, but preferred taxis for safety and security, travel time and familiarity with routes.
- News reports that referred to taxi drivers as “thugs” and “bullies” have had an impact on public opinion.
- Those in the younger focus groups, from 17 to 20 and 30 to 45, were more harsh in their assessment of taxis and more keen to see Uber succeed.
- Participants in the 46 to 75 age group were more forgiving of the taxi industry’s failings, and more interested in seeing that a level playing field emerges as a result of regulatory review
- Participants of all ages agreed the Uber is here to stay.


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Cindy Crawford has shared a cute mother-and-daughter photo with Kaia Gerber on social media where the two looked like twins in their matching jumpsuits.
The veteran supermodel has recently uploaded a picture on her Instagram account where she and daughter Gerber both posed on a white lounge chair wearing the same outfit, Entertainment Tonight reported. Crawford and her mini-me daughter both wore a black jumpsuit and dark sunglasses as they smiled at the camera. The mother-and-daughter also kept their dark hair loose and flowing around their shoulders.
The said image proved how much the two look alike. Gerber can even be taken for Crawford’s twin although several years younger. The supermodel also called out to fellow model Coco Rocha and her new clothing line in her Instagram post. The mother-and-daughter each wore a fashion piece from Rocha’s collection. Crawford wrote on Instagram, “In @CoandCo. Loving the jumpsuits @CocoRocha!”
This was not the first time that critics and fans noticed the close resemblance between Crawford and Gerber. The two ladies previously posed for the cover of Vogue Paris in March where they each wore black leather jackets and hoop earrings. The bi-annual issue of Chrome Hearts magazine also featured chic shots of Gerber in a casual attire and throwback photos of Crawford’s previous fashion shoot where she wore a sexy bodysuit.
Gerber, similar to her supermodel mother, appears to be on her way to starting her own modeling career, as indicated in the same report. The 14-year-old aspiring model is set to join Miu Miu’s latest campaign.
Meanwhile, Pepsi has recently launched a remake of Crawford’s iconic 1992 commercial for the said soda brand, according to Harper’s Bazaar. Avid fans of the supermodel may recall that Crawford appeared in a Pepsi commercial wearing a sleeveless white top and denim shorts. In the said TV ad, two teenage boys were mesmerized with Crawford drinking a can of Pepsi.
For 2016, Pepsi has remade the commercial with emoji versions of the supermodel. Emojis of two teenage boys was also included in the TV ad.


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Over the past year, much of the news has been filled with articles about net neutrality. With the Federal Communications Commission’s recent repeal of net neutrality, many Americans have been scratching their heads trying to understand what net neutrality really is, why it matters and how it affects them.
Well we’ve got you covered. Though net neutrality rules are not currently in effect the United States, there is still continued debate over its impact on society, the regulatory future and more. The following guide will help you navigate those persistent conversations with ease.
What is Net Neutrality?
The term was first coined in Tim Wu’s 2003 paper titled, “Network Neutrality, Broadband Discrimination.” It was his argument that a level playing field among internet applications was needed to protect service providers and consumers alike. While society’s knowledge and usage of the term has continued to grow, wide-spread confusion continues to impede understanding.
By definition, net neutrality is the principle that internet service providers should enable access to all content and applications regardless of the source, and without favoring or blocking particular products or websites. It means having access to the sites and services you want — whenever, wherever or however you please.
Specifically, net neutrality addresses the internet access service provider’s grant to customers. As Wired aptly explains, it’s the idea that providers “shouldn’t be able to slide some data into ‘fast lanes’ while blocking or otherwise discriminating against other material.” Under net neutrality video streaming services such as Netflix, YouTube, your mandatory company video conference or any other services for that matter are protected from discriminatory business practices that require additional payment or fines.
If that seems like common sense to you, it’s because this is the standard under which the internet has largely functioned since its inception. Only in the last decade did service providers begin manipulating access their customers had to the internet — which led to the initial establishment of the Open Internet Order in April 2015. Known as the net neutrality bill, the Open Internet Order established the internet as a public utility in the U.S., preventing businesses from influencing consumer access.
Why Does Net Neutrality Matter?
Tech Republic said it best: “Net neutrality matters because it has the potential to shape the future of the internet, and with it our access to knowledge.”
Net neutrality by default controls pricing and ensures consumers won’t be nickel-and-dimed to access their beloved sites and services. Without the protective measures, there is a potential for service providers to segment internet services into different “service lanes.” For example, if you wanted access to video streaming services, your provider might require a video premium subscription on top of your regular internet bills.
In 2012, AT&T did just that. The service provider was caught limiting bandwidth access for any users trying to use FaceTime, and only providing full service for users who paid additional money for AT&T’s extra shared data plans. Though improbable, no net neutrality protections mean that internet packages could look like those of cable — with separate plans with additional costs for access to premium content such as sports or movies.
Alternatively, net neutrality also prevents the providers from making the services themselves front the bill. Take Netflix for instance. Although the company is responsible for much of the data streaming in the country, net neutrality prevents service providers from throttling streaming speeds until Netflix is forced to pay fees to restore service quality.
Essentially, net neutrality ensures that internet providers can’t hold the internet hostage and piecemeal service and content out only to customers and businesses that pay additional fees on top of their basic internet.
How Could Net Neutrality Affect Americans?
As of June 11, 2018, the U.S. Federal Communications Commission has repealed many of the core net neutrality rules established by the prior Open Internet Order bill.
This means that in the U.S., internet service providers are no longer banned from blocking, throttling and prioritizing users and services as they wish. Though some of the big-name providers such as Comcast have vowed allegiance to an open internet — free from site-blocking or network-throttling — many are still skeptical of how long such vows will last in the face of potential profits. While the future of the internet continues to remain unclear, one thing is certain: People will continue to debate and speculate the implications and effects well into the future.
In the meantime, if you are concerned about how you may be personally affected by the repeal of net neutrality, the best method is to stay informed. Read the emails from your own service provider. Check their website concerning updates to their service plans and packages, and look for materials and messaging about service blocking, throttling and prioritization.


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Google released statistics on the spread of Android in April. Not surprisingly, the share of Android 5.0 has increased significantly by almost 10% of all devices.
- Currently, Android 5.0 works with 9% of all smart suggestions – 5% increased spread for a month
- The new version Android 5.1 Lollipop has just 0.7% share, compared to 0.4% in March
- Profits of Android Lollipop largely thanks to KitKat
- Android 4.4 is dipped down to 39.8% (from 41.4% last month)
- Android Jelly Bean has barely changed in the share distribution in April, in combination with – older versions of this OS work with almost 40% of all devices
- Introduced in 2011 Android Ice Cream Sanwich can still be detected in 5.3%
- By – surprise here is that Android 2.3 Gingerbread refuses to cover. The five-year OS still works with targets 5.7 percent of mobile offers


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Coming in time for the June update, 69 new emoji's will be available for download.
There will be new faces, fantasy characters, expanded gender options, new animals, and other random adds.
It’s up to different software developers (Android, iOS, Chrome, OSX, Windows, etc.) to implement them, and add their version of what the emoji looks like. So these would hit users’ phones in July at the earliest.
Here's just a preview of what we know will be available.
Only Minnesotans and Canadians will know what this is, but it's nice to be included, right?
Now when I want to invite all my friends over for a Jurassic Park marathon I can just send this emoji rather than having to type out a long text spelling out all the details!! This says it all!!


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Australia fines Lorna Jane $5m for claiming its activewear products can cure COVID-19
The brand has been ordered to pay $5 million (USD $3.69m) by the Australian Federal Court in penalties for making false and misleading representations to consumers, and engaging in conduct liable to mislead the public between 2 and 23 July 2020.
“Lorna Jane falsely promoted its LJ Shield Activewear as eliminating or providing protection from Covid amidst growing numbers of Covid-19 cases in Australia,” said Rod Sims, the chair of the Australian Competition and Consumer Commission.
“The whole marketing campaign was based upon consumers’ desire for greater protection against the global pandemic.”
“The $5 million in penalties imposed by the Australian Federal Court highlights the seriousness of Lorna Jane’s conduct, which the judge called ‘exploitative, predatory and potentially dangerous’.” ■


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Minister addresses UK business incubation conference
Enterprise Minister Arlene Foster, addressed delegates from across the globe at the 11th UK Business Incubation (UKBI) conference, held in Belfast.
UKBI is the professional body for the business incubation industry. With over 1,000 members it works to help create the right environment for entrepreneurs and innovative young businesses to succeed. UKBI partnered with Enterprise Northern Ireland, the membership body for the local enterprise agency network, to bring the conference to Northern Ireland for the first time.
Addressing the opening session of the conference the Minister said: “By nurturing innovation from the earliest stages, we give young companies the best chance of success. Often, highly innovative young businesses require specialised support. An effective incubation process can make a significant difference to the speed of commercialisation of innovative ideas and to the survival rates of early stage businesses.
“This conference is an opportunity for leaders in the field of business incubation to share their insights and experience and to help all those involved in business incubation to achieve best practice.
“My department’s focus, realised through Invest Northern Ireland, is to offer a sophisticated suite of support for the business incubation process, prioritising those projects that have the potential to add the most value to the Northern Ireland economy.
“This takes the form of specialised programmes of support that address the key concerns of young innovative businesses such as attracting investment, protecting intellectual property, funding prototypes, and establishing a market presence.”
The conference theme is ‘Driving Forward Economic Recovery’ and it ran from 1–3 December.


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Government is to focus on innovation in agriculture to introduce measures to address issues along the supply chain over the next few weeks.
That announcement has come from Prime Minister Roosevelt Skerrit.
Mr. Skerrit told his One on One program on Sunday, young farmers will be engaged to cultivate niche produce with high market values.
Prime Minister Skerrit says his government has heard from key stakeholders and will be tackling issues faced.
Prime Minister Skerrit will be giving further details of Government’s plans for Agriculture, when he speaks with Ivona Jno-Baptiste Lugay from 9:30 this morning on DBS Radio’s Talking Point.


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Publix plans to open two more Richmond-area grocery stores this year, bringing the number of locations that the Florida-based chain operates in the region to 16.
The supermarket chain expects to open a 49,000-square-foot store in the redeveloped Huguenot Village shopping center at the corner of Robious and Huguenot roads in Chesterfield County sometime in the third quarter, Publix spokeswoman Kimberly Reynolds said.
The 48,000-square-foot store under construction at the Carytown Exchange development on West Cary Street is slated to open late in the fourth quarter, she said.
No specific opening date has been set yet for either store opening. That usually takes place about three to four weeks beforehand, she said.
The new stores come as Publix opened its 14th area grocery store on June 10. That 48,000-square-foot store is on Charter Colony Parkway at Midlothian Turnpike in Chesterfield.
Huguenot Village shopping center is undergoing a major overhaul. It was built in 1972 and once featured an A&P grocery store, which later was converted to that chain’s Super Fresh and then Farmer Jack banners. The grocery store there closed in early 1999 when A&P’s Farmer Jack and Super Fresh chains exited the market.
The former grocery store — which was torn down — had been used by Williams & Sherrill Interiors home furnishings shop until it abruptly closed last year.
Spaces totaling about 15,000 square feet are being built to the right of the Publix store.
The Carytown Exchange development is taking root where the former Richmond Shopping Center had operated for decades. Demolition on the former shopping center began a year ago.
The Publix store, which will be the anchor tenant in the development, will be near the Ellwood Avenue and South Thompson Street edge of the property.
Parking will be under the grocery store and in a two-level parking garage adjacent to the store. Lower-level parking will be on grade with Ellwood Avenue, while upper-level parking and the grocery store will be on grade with Cary Street.
A building housing tenants along Ellwood Avenue — across the street from the Carytown Place shopping center — would front the lower level of the Carytown Exchange parking deck. Those retail spaces should be ready this fall.
But three buildings along Cary Street divided into various sizes for small shops will not be ready until late next year, said James Ashby IV, a senior vice president at real estate brokerage Cushman & Wakefield | Thalhimer, who is handling leasing for the development with Connie Nielsen and David Crawford.
“There is a tremendous amount of interest in the project,” Ashby said. “We have leases out for negotiations and to be signed and several letters of intent are close to being finalized.”
He declined to give names of potential tenants.
Regency Centers Corp., a Florida-based shopping center developer, is transforming the former Richmond Shopping Center into the 120,000-square-foot Carytown Exchange development.
Ukrop’s Super Markets operated one of its busiest stores in the former shopping center for decades until the family-owned chain sold to Martin’s Food Markets in 2010.
The Martin’s store there closed in July 2017 as the chain exited the Richmond market. That was one of 10 former Martin’s locations that Publix picked up.


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Buying a massive box of Tayto is an integral part of Christmas as is making sure no one eats them before the 24th of December!
But now the Irish crisps have an even more festive twist as they have launched a new flavour.
Today's top videos
Mr Tayto must have spent hours in the kitchen to come up with Turkey and Stuffing flavoured crisp.
The brand announced the news today much to the delight of fans.
Sharing the news on Twitter, they wrote: 'I’ve been busy in the kitchen working on a LIMITED EDITION FLAVOUR to mark the most flavoursome and wonderful time of the year! Turkey and Stuffing!'
'I hope you all enjoy my new, festive flavour #Tayto'.
We know we definitely will!
I’ve been busy in the kitchen working on a LIMITED EDITION FLAVOUR to mark the most flavoursome and wonderful time of the year! Turkey and Stuffing!🎄
— Mr.Tayto Ireland (@MrTaytoIreland) November 19, 2020
The festive packets depict Mr Tayto all dressed up for Christmas, wearing a Santa Suit and carrying a sack, which is absolutely packed with packets of Tayto, we're sure...
The Turkey and Stuffing flavour crisps will be available for a limited time only and are currently on sale for €2. We recommend that you get your hands on these bad boys as quickly as possible.
We're sure these will go down well on Christmas morning!


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Dubai International Boat Show to Set Sail in 2019 Packed with Incredible Experiences.
From sublime super yachts to private submarines, live diving and thrilling boat races.
- The Middle East’s leading maritime event returning for its 27th year in February
- Show theme “Let’s all live a little” captures the spirit of a new wave of boat buyers
- New area for sea-toys, and the Dive MENA Expo will be region’s prime diving meet
- 2019 Dubai International Boat Show takes place February 26 through March 2
Dubai, UAE: The Dubai International Boat Show is readying for 2019, returning to the UAE’s most impressive city with a new look show celebrating all that makes a boating lifestyle so incredible.
Heading into its 27th year, the Boat Show – taking place at the Dubai Canal, February 26th through March 2nd – will once again gather the world’s leading manufacturers and distributors of boats, yachts and marine equipment to encourage would-be seafarers to take the plunge and start living their best life on the sea.
Held under the tagline “Let’s all live a little”, the hugely popular event will be all-encompassing, catering to every sea-based hobby, interest or profession imaginable. That includes an enhanced dive offering through the show’s 13th annual Dive MENA Expo (formerly DMEX), plus a thrilling new ‘Rad Zone’ packed with the world’s most extravagant sea toys.
Riju George, Dubai International Boat Show director, said: “It’s time we all live a little – and where better to commit to that in early 2019 than at the Dubai International Boat Show!
“The last decade has seen huge changes to recreational boating. What was once considered a hobby of only the wealthy is now a lifestyle that modern working families are embracing. Yacht buying and chartering is now easier than ever, with small to midsized boats meaning there is such a wide scope, whatever the budget.
“But aside from the vessels themselves, the growth in watersports and exploratory sea equipment has more and more people taking to the water. Our 2019 show will illustrate how much joy and wonder can come from embracing this life by the sea, and we can’t wait to welcome those families keen to discover the yachting, sailing, fishing and all other sea-sport and hobby options that will bring that pleasure to their lives.”
The Dubai International Boat show annually attracts more than 400 exhibitors and over 800 brands and companies from 60+ countries. Of the thousands of visitors to the event last year, nearly half visited with the intention of seeing new vessels, while almost a third came to the most of the event’s vast entertainment offering for a fun day out with the family.
As per tradition, it will be the show’s incredible Superyacht Avenue – a week-long home to more than 50 of the world’s most exclusive newly built, ready-to-buy floating mansions – that will turn the eyes of the marine world to Dubai next year.
Always a huge draw for both the buyers and dreamers alike, the Superyacht Avenue, presented by SYBAss, will feature the latest designs from superyacht-builders including Amels, Feadship, Heesen, CRN, Benetti, Lurssen, Oceanco and Baglietto.
Across the show there will be more than 400 small to midsized pleasure craft, exhibited by Gulf Craft, Princess Yachts, Azimut, Feretti, Riviera Boats, Inata, Victory Team and many more international leading builders. These boats are known to start from a highly-affordable AED 100,000.
According to a 2018 report by market analysts Frost & Sullivan, the UAE market is the biggest boating market in the GCC, with 20 marinas and more than 10,000 small-to-midsized registered leisure boats. At the 2018 Boat Show, Gulf Craft – the leading Middle East-based yacht builder – sold no less than five yachts valued at AED85m ($23m), confirming the event as the company’s largest generator of sales. The show is famed for providing a week of one-off deals and sales opportunities for buyers.
“We are thrilled to be returning to the Dubai International Boat Show in 2019 after the great success we had at the 2018 edition with sales worth AED 85million,” said Gulf Craft CEO Gregory Yeakle.
“The yachting industry in Dubai has never been more attractive. New regulations support the growth of this emerging market and we are excited to explore new frontiers with premiers across all Gulf Craft brands. Gulf Craft has long been an exhibitor at the Boat Show and we are looking forward to another successful year at the Dubai Canal.”
As the Middle East’s prime marine event, the Dubai International Boat Show will also invite visitors to experience the many other ways the open sea can be enjoyed, presenting a plethora of watersport kit, diving equipment and ocean toys.
The buzzing hive at the centre of that will be the show’s ‘radical’ new Rad Zone – a lagoon of the very latest high-speed sea-toys where flying yachts, underwater scooters, personal submarines and everything in between will set pulses racing.
With more than 154,000 certified divers now residing in the GCC, the Boat Show’s Dive MENA Expo – the Middle East and North Africa’s only dedicated diving industry event, organised in partnership with the Emirates Diving Association (EDA) – will bring thousands of dive enthusiasts together to learn, be inspired, share ideas and discover the latest equipment in the company of diving and technical experts from around the world. An on-site dive pool will ensure the Expo offers the ultimate hands-on diving experience for those wanting to get their feet wet!
“The Dubai International Boat Show is the highlight event of the year and one we always look forward to,” said His Excellency Mr. Essa Al Ghurair, Emirates Diving Association Chairman.
“We’re very excited for the 13th edition of the Dive MENA Expo, where we’ll learn, be inspired, share ideas and source new equipment, creating opportunities for everyone involved while keeping the familiarity and success of the Dubai International Boat Show’s history. It will connect new strengths and interests from all corners of the world.”
The Boat Show will also host a number of maritime competitions, including the eagerly-anticipated annual Dubai to Muscat Sailing Race, and a Tuesday night DOSC (Dubai Offshore Sailing Club) Race - a fun contest for keelboats. It will also feature a jet-ski competition, and a Dubai International Marine Club-endorsed fishing competition.
Trixie LohMirmand, Senior Vice President, Exhibitions and Events Management at Dubai World Trade Centre (DWTC) – organisers of the Boat Show – said: “Dubai is changing the face of the leisure marine industry with innovative waterfront projects that have elevated our city and shaped our coast into a must-visit destination for the world. We at the Dubai International Boat Show are proud to be a part of a transformation that is only beginning.
“The taste for the marine lifestyle is only growing, and potential buyers are realising that boat ownership is both affordable and accessible. From the most glamourous yachts in the world, to beautiful leisure and fishing vessels, thrilling live stunts, water sports and the latest in diving technology, 2019’s Dubai International Boat Show promises to be the year’s leading lifestyle event – and we can’t wait to get underway.”
To learn more and register your interest, visit www.boatshowdubai.com
About Dubai International Boat Show
Dubai International Boat Show, the most trusted and established marine industry exhibition in the Middle East, is a showcase of yachts and boats from both local and international builders together with the latest innovations in marine equipment and accessories. The multi-award-winning show showcases the latest leisure boats, equipment and associated services in the Middle East. Exhibitors include both local and international boat manufacturers as well as the latest innovations in marine equipment and supplies.
About Dubai World Trade Centre (DWTC)
Dubai World Trade Centre offers more than 35 years' experience of delivering world-class events in the Middle East, providing local, regional and international exhibitors with unmatched expertise and in-depth market knowledge.
Our team organises 20 of the largest and most successful international and regional shows in Middle East, providing an ideal platform for business development in the region. Our commitment to ongoing innovation within the exhibition industry has supported the rapid growth and development of a wide range of business-to-business and business-to-consumer shows, and delivered consistent satisfaction to exhibitors and visitors.


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Bengaluru-based Buy-Now-Pay-Later (BNPL) startup Capital Float has raised $50 Mn in equity funding led by Lightrock India, Sequoia Capital India, Ribbit Capital, Creation Investments and Dinesh Hinduja Family Office. The round also saw participation from Nubank’s David Velez, CRED’s Kunal Shah and Pine Lab’s Amrish Rau.
The startup said it will use the funds to strengthen and scale the platform and expand its partner ecosystem. Capital Float claims to have witnessed rapid growth over the past year — 2.5 Mn customers using its product to finance over INR 2,000 Cr of online purchases annually.
Launched in 2013 by Gaurav Hinduja and Sashank Rishyasringa, Capital Float is an NBFC that lends to SMEs to help them scale up. It works with ecommerce merchants, small-scale manufacturers and early-stage B2B service providers to provide flexible, short-term loans to their customers.
Its current merchant partnership includes Amazon (powering Amazon PayLater), MakeMyTrip, Unacademy, and BoAt that helps consumers finance purchases across e-commerce, D2C brands, travel, edtech and healthcare. It also recently launched a strategic partnership with Razorpay to expand BNPL to over 100K merchants across the country.
“We are now financing 2 Mn purchases every month across 14K pin codes while maintaining non-performing assets (NPAs) below 1.5%,” the company said in a statement.
The startup additionally operated Walnut, a personal finance app that claims to have 12 Mn+ downloads. The Walnut app offers a range of personal finance features such as expense tracking, budgeting, bill reminders, instant small-ticket loans to salaried and self-employed individuals and insurance options.
The startup last raised INR 50 Cr in debt for a period of 3 years from Triodos Microfinance Fund and Triodos Fair Share Fund in June 2021, taking the total debt fund raised to INR 200 Cr. In April 2020, Inc42 exclusively reported that Capital Float raised $15 Mn in equity from its existing investors.
India is home to approximately 1,263 digital lending startups, out of which over 147 (12% of the total 1,263) are backed by venture capital funding, according to Inc42 Plus analysis and BNPL remains the most favoured sub-segment within the lending tech segment. Yet, it has been the most affected as well during the pandemic.
According to a report by Redseer, loan disbursals for all the key players had taken a hit by almost 90% on value post between March-April 2020 in the immediate aftermath of the lockdown.


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Conducted by the Stanford University Prevention Research Center and funded by an unrestricted gift from Amway, WELL will help identify ways people can maintain health and wellness as they age.
ADA, Mich. (Sept. 17, 2014) – A new, first-of-its-kind research study was announced today that will analyze how changes in diet and lifestyle can impact long-term wellness and contribute to healthy aging.
Conducted by the Stanford Prevention Research Center and funded through a $10 million unrestricted gift from the Amway Nutrilite Health Institute Wellness Fund, WELL aims to identify lifestyle and environmental factors that may help people maintain their health and wellness as they age. WELL will be designed, conducted, and analyzed by scientists at Stanford Prevention Research Center and will be entirely under the control of Stanford University with no involvement by Amway in these processes so as to safeguard investigative independence.
Funding WELL is one of several investments the company is making to advance the science of wellness.
Last month Amway released the Global Phytonutrient Report, based on research commissioned by the Nutrilite Health Institute, which revealed that most adults fall short of consuming the recommended daily amount of fruits and vegetables.
“Nutrilite is focused on helping people ‘close the dietary gaps’ that 60-87 percent of us experience due to lifestyle, food availability and other factors,” said Keith Randolph, Ph.D., nutrition technology strategist at the Nutrilite Health Institute and co-author of the research published in the British Journal of Nutrition. “WELL has the potential to help us better understand how diet – including, but not limited to, plant foods such as fruits and vegetables – can influence wellness and healthy aging.”
Research is expected to begin in 2015 and will continue for at least five years. Initially, WELL will evaluate factors such as diet and lifestyle that may influence metabolic health and visual signs of aging or cognitive functions, among other wellness components. It will also help discover predictors of health, known as health biomarkers.
“As the global leader in vitamin and dietary supplements, Nutrilite supports research that will help us enhance people’s quality of life,” said Audra Davies, Amway vice president of Nutrition Product Development & Analytical Sciences. “This unrestricted gift to help establish the Wellness Living Laboratory is a visionary investment to improve global knowledge of nutrition and its role in our health and wellness.”
How the Wellness Registry Will Work
The Wellness Living Laboratory will begin with thousands of volunteers in two locations – Santa Clara County, California (US), and China. The study aims to be a project of both national and global importance. A range of health and lifestyle information will be collected from these volunteers and analyzed for at least five years to determine potential impacts that specific interventions may make. Researchers from the Stanford Prevention Research Center will author a series of scientific publications based on results over the next several years.
About the Nutrilite Health Institute Wellness Fund
The Amway Nutrilite Health Institute Wellness Fund was established to support research and endeavors aimed at advancing global knowledge of nutrition, its role in healthy lifestyles and the science of wellness. For more than 80 years, Amway has been at the forefront of nutrition and phytonutrient research and has continually invested in initiatives that help support the company’s vision of helping people live better lives. The Nutrilite Health Institute Wellness Fund is an extension of these efforts and part of Amway’s continued commitment to global health and wellness. More information about the NHIW Fund can be found at globalnews.amway.com and facebook.com/Nutrilite.
Amway is an $11.8 billion direct-selling business based in Ada, Michigan, USA. Top-selling brands for Amway are Nutrilite™ vitamin, mineral and dietary supplements, Artistry™ skincare and color cosmetics and eSpring™ water treatment systems – all sold exclusively by Amway Business Owners. Global sales in 2013 made Amway the #1 direct selling business in the world, according to the Direct Selling News 2014 Global 100. For company news, visit globalnews.amway.com.
*Source: Euromonitor International Limited, www.euromonitor.com/amway-claims.


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Small businesses are the backbone of our economy and they need our help now more than ever.
75% of all small businesses reported they’ve been negatively impacted by the pandemic in a U.S. Census Bureau survey taken earlier this month. Just one third of small businesses are very confident they will fully recover from the downturn, according to the National Small Business Association.
During Small Business Week this year, we must recommit to helping our small businesses get through this crisis intact. Investing in small business relief isn’t just the right thing for families who are struggling – it must be the foundation of how we launch a sustainable recovery.
The numbers are clear.
In Miami-Dade, small businesses employ over 53% of our workforce.
Nearly 40% of all Miami-Dade business owners are Black, Hispanic, or women. And pre-pandemic, women-led small businesses in our county were growing at a faster rate than male-owned firms.
Small business is the engine that makes our community and economy more diverse and helps more families to thrive. Keeping this engine running is how we not only survive this economic crisis, but ensure we don’t undo the many gains made by hardworking entrepreneurs who have built successful businesses and created opportunity within their own communities.
I’m proud that the County Commission has launched programs to help distribute millions of dollars of CARES Act funding directly to small businesses, including the RISE Miami-Dade Fund and Small Business Assistance Forgivable Loans.
Last month my office also awarded Mom and Pop grants to dozens of local businesses in South Dade, so they can keep moving forward through crisis.
Those grants are providing vital relief to businesses like Bell Clothing and Accessories. Owner Michelle Bell hadn’t been able to purchase materials she needs to produce her organic and hand-laced fabrics. The funds enabled her to place an order for new materials to kickstart production and continue filling orders – a small investment that pays dividends over and over again by keeping a successful small business in operation.
As Chair of the South Florida Regional Planning Council (SFRPC), I was proud to announce the launch of a $5.9 million Business Revolving Loan Fund program in partnership with the U.S. Department of Commerce. The fund – using CARES Act dollars to provide loans ranging from $25,000 to $500,000 – offers South Florida’s entrepreneurs a lifeline and supports the rebuilding of our regional economy.
We also know that the impacts of the pandemic and the economic crisis are not felt equally across all communities. Minority-owned businesses have struggled to access Paycheck Protection Program funds, with only 12% of those who applied reporting receiving loans compared to nearly 40% of small business overall.
As we look to our recovery in the months ahead, we need to double down on programs that uplift minority-led businesses. In District 8, we invest in women and minority-owned businesses through our incubator Accelerate South Dade, the first of its kind anywhere in the county. The incubator provides access to coaching, workspace, and capital to help level the playing field for more businesses to succeed.
Now, the pandemic has dealt so many businesses a blow they never expected and couldn’t have planned for. We owe it to our entrepreneurs to put the same dedication and ingenuity that they bring to work every day into helping them bounce back, because our economy only thrives when small businesses succeed.


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Fab, one of the fastest growing flash sales sites in the industry, came about after its founders decided to abandon their previous startup idea.
CEO and co-founder Jason Goldberg said that after realizing that his previous venture would not work out, he immediately wanted to cease all efforts to save it and divert them to the new idea.
But he had to face his investors first.
Goldberg basically told them: "You can have your money back or you can continue with me."
Watch an excerpt from our interview with Goldberg at Startup 2012 about how his ultimatum played out.
Produced by Robert Libetti


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Nike Sportswear is set to release a few Nike Flyknit Air Force 1 colorways in the beginning of February, which includes the “Black” Nike Air Force 1 Flyknit version.
This release is dressed in a Dark Grey and Black color scheme. The shoe features a combination of both Grey and Black covering the Nike Flyknint upper with a Black leather strap that rests atop a clean Black rubber sole.
Nike Flyknit Air Force 1 Black Release Date
Check out the additional images below and look for the Nike Flyknit Air Force 1 “Black” to release on February 4th, 2016 at select Nike Sportswear retail stores. The retail price tag is set at $175 USD.
Nike Flyknit Air Force 1
February 4, 2016
RELATED: Sneaker Release Dates
Source: Kix Square


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EMAP ponders cut-price US offers
PUBLISHER EMAP, whose titles include lads' magazine FHM, is mulling offers of just £500m for its troubled US operation Petersen, which it acquired two years ago for £720m. The group has put Petersen up for review but no sale has been agreed yet.
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Today, exactly two weeks issuing the second beta iteration of iOS 7, Apple officially seeded iOS 7 beta 3 to developers! Please remember that this is a beta firmware and you must have your device’s UDID registered through an Apple Developer’s account before you can legitimately restore to the updated beta build.
Today, following recent rumors surrounding the possible lower-cost iPhone, MacRumors posted several high-quality renderings of the physical features such a device may very well embody. In addition to a lower-cost iPhone with a silver backing, one image depicts several iPhones in yellow, red and green.
Today, following the release of iOS 7 beta 2 earlier this week, BGR published a new report that suggestes Apple plans to seed the third beta version of iOS 7 to the company’s carrier partners on Monday, July 8th. While that may seem rather insignificant to those outside of Apple’s contracted iPhone carriers, BGR believes […]
Today, exactly two weeks after holding their annual World Wide Developers conference and issuing the first iOS 7 beta firmware, Apple officially seeded iOS 7 beta 2 to developers! Please remember that this is a beta firmware and you must have your device’s UDID registered through an Apple Developer’s account before you can legitimately restore to the updated beta build!
In a new and exciting leak, MacRumors received several images from an unnamed source of what is, allegedly, the closest thing we’ve seen to an assembled version of Apple’s highly-rumored upcoming iPhone 5S. While the device apparently features the same design as its predecessor, it appears to be built with the modified logic board that […]
With all the talk and rumors of a “cheaper” iPhone making an appearance alongside the iPhone 5S this fall, one major factor has yet to be discussed in detail: the price range for such a device. Analysts from J.P. Morgan stated last month that Apple will create the lower-cost iPhone as a “mid-end” smartphone, priced […]
With this year’s World Wide Developers Conference (WWDC) currently underway, the anticipation amongst Apple fans couldn’t be higher. This multi-day event will commence with an opening keynote presentation at 10am Pacific Time (1pm ET), which is undeniably the highlight of the conference.
Today, 9to5Mac posted pictures of new banners that recently went up at Moscone Center promoting both iOS 7 and the next major installment to OS X. Of course, the images above and below were both put up in anticipation of Apple’s annual World Wide Developers Conference (WWDC).


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US TNC Fleet Vehicles
To understand the number of TNC fleet vehicles in the U.S. by researching how many fleet vehicles there are in the U.S., total number of vehicles for companies such as Lyft and Uber, and number of vehicles for taxi cab companies, along with projections of how many vehicles there will be in the future.
- According to CNET, in 2017 Lyft had 1.4 million drivers in the U.S. and Toronto. Uber at that time had 750,000 drivers in the U.S. with 2.25 million drivers outside of the U.S. However, the article also mentions that it is more likely that Uber actually has 1.5-2.5 million drivers in the U.S. due to their growth numbers.
- In 2016, Lyft and Uber accounted for 500 million US VMT per month that resulted in $10 billion in total revenue.
- Lyft was responsible for 35% of the ride-share industry in the U.S. in 2018.
- In 2018, there were 370,400 taxi, ride-hailing, and chauffeur jobs in the U.S. The job outlook for this industry is expected to grow by 20% between 2018 and 2028.
- In 2017, there were 13,487 yellow cabs in New York City from 2010 to 2016 with yellow cab rides dropping from 463,701 day trips to 336,737 trips a day.
- Currently, the global taxi market is $108 billion compared to ride-hailing industry that totals $36 billion. However, it is expected that ride-hailing will increase from 15 million rides a day to 97 million rides by 2030. While this is a global statistic, it was included to show the expected increase of amount of rides per day for companies such as Uber and Lyft.
- A major prediction is by 2030, 1 out of 10 vehicles will be autonomous. Uber is one of the companies that is testing these type of vehicles.
Summary of Initial Research
- Our initial one-hour research was able to identify some statistics regarding the number of vehicles that both Uber and Lyft have in the U.S. as of 2018. We were unable to obtain exact predictions of how many fleet vehicles there will be in the future, but we were able to identify projections of growth for the companies.
- There was little information regarding how many total taxis there are in the U.S. We were able to identify how many there are in New York City and how the number of taxis is decreasing thanks to ride-share companies.
Proposed next steps:
You need to be the project owner to select a next step.


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The protectionist trade policy of President Donald Trump’s administration is of increasing concern for Japan, and it seems the U.S. government might be seriously considering raising tariffs on imported vehicles and parts.
Automakers and industry experts say that the auto levies, if implemented, would surely hit Japan’s signature industry hard, with thousands of dollars of additional costs for every single imported car expected to land on manufacturers’ shoulders.
Makers are in fear of being left to deal with possible losses of tens of billions of yen, without any leverage in order to defend themselves.
“The impact (of the tariffs) would be huge,” said Nobuyuki Nakatsuka, chief economist at Mitsubishi UFJ Research and Consulting.
According to the Japan Automobile Manufacturers Association, the country exported about 1.74 million cars in 2017 while the Finance Ministry’s data shows that the value of the exported vehicles and parts that year totaled ¥5.5 trillion. So additional U.S. auto tariffs — reportedly 20 percent or 25 percent — would cost more than ¥1 trillion.
“If the automakers do not cover all the cost increases by themselves, the burden would be on the U.S. consumers and companies. That could slash the volume of exports,” said Nakatsuka.
Some automakers voiced concerns about the potential harm of such a move as they held news conferences recently to disclose their April-June earnings.
“Toyota cannot shoulder the cost increase by just itself,” said Moritaka Yoshida, executive vice president at Toyota Motor Corp., last week.
Japan’s largest carmaker revealed that the cost for importing vehicles to the U.S. would shoot up by about $6,000 for each vehicle if the Trump administration applied the tariffs.
Toyota has production bases in America, but still shipped about 710,000 vehicles to the U.S. market last year. With the auto levies, simple math shows that the firm would face a ¥460 billion cost hike.Yoshida stressed Toyota’s intention to keep contributing to the U.S. economy, saying the firm had announced last year that it planned to invest in $10 billion over the next five years. But in order to do that, Toyota hopes that the values of free trade will be respected, he said.
Like Toyota, fellow auto giant Nissan estimates that the cost of imported cars would go up by $6,000. “We think the impact of the 25 percent tariffs, which would also likely to be imposed on auto parts, would be tremendous,” said Joji Tagawa, a Nissan executive, during a news conference last month.
Even the average cost of vehicles manufactured in the U.S. would see about a $2,000 hike, as some parts still have to be imported, Tagawa said. “We can’t just add that cost to the sales price. But it’s not that we can stop selling cars (in the U.S.),” he said. He did not elaborate on how Nissan plans to deal with the situation if the worst comes to pass, but he said the firm would continue to proceed with localizing its production overseas.
Whether the U.S. government, which is now considering the tariffs, will make such a move is still anybody’s guess, but some experts warn that the possibility should be taken seriously. Daiju Aoki, chief Japan economist at UBS Securities Japan Co., said many people seem to think that the Trump administration is only bluffing, but he believes that the hike is likely to be implemented.
That is because a recent UBS survey indicates many business owners in the U.S. are backing Trump’s protectionist policy. The poll of 300 business owners shows a majority support additional tariffs on China, Mexico, Canada and Europe.
Despite opposition from the auto industry, “I think it’s unlikely that (the Trump administration) will back down from the auto levies,” said Aoki. He added that the tariffs would slash major carmaker operating profits by about 25 percent.
While the U.S. government has applied tariffs to other imported goods, such as steel and aluminum, this time “(Japan) needs to be cautious on a different level,” he said.
Nakatsuka of Mitsubishi UFJ Research and Consulting said that since the auto sector is one of the most prominent industries in Japan, such moves would impact not only automakers but also their subcontractors, such as parts-makers, hard. The cost increase could inflict serious damage to small and midsize auto-related companies who are unable to match the financial strength of auto giants, he said. Plus, if the carmakers accelerate to move production bases overseas, that would affect employment.
Toyota and Nissan both said they intend to maintain current production volumes, 3 million and 1 million units respectively, in Japan.
“If it’s just about one company, moving production bases to the U.S. is a rational choice. But when thinking about the Japanese economy, it becomes a dilemma,” said Nakatsuka. “It’s a tough choice for automakers.”
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.


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Japanese consumers love U.S. beef, and the cuts they are willing to pay a premium for are adding value to our cattle.
Did you know it’s National Ag Week? Here are four ideas to get involved this week.
Three talking points for explaining how beef production fits into a sustainable food production system.
USDA proposes changes to the nation’s school lunch program and invites the public to comment on the new guidelines.


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Home Cleaning on Diwali Great Way to Spend Time with Family, Finds Survey
Majority of Indians feel that home cleaning on Diwali is a great way to spend time with family, says a survey conducted by Urbanclap.
Image for representation. (Image: PTI)
In a time-strapped 21st century, millenials are struggling to find time with their families. However a majority of Indians feel that home cleaning on Diwali is a great way to spend time with family, says a survey conducted by Urbanclap.
The survey was conducted in across 8 major cities - Delhi NCR, Mumbai, Bengaluru, Hyderabad, Pune, Chennai, Kolkata and Ahmedabad between the age group of 22-34 years and covered more than 5,000 consumers.
The survey states that home cleaning on Diwali not only creates nostalgia but is also a great way to spend time with family with 68 per cent of respondents feel that pre-festival home cleaning is the best time to spend with family.
Also for many, Pre-Diwali is an exciting time with 55 per cent of the respondents looking forward to food, new clothes and home decoration. Also 30 per cent of consumers look forward to Diwali Ki Safai as this practice of pre-festival is an integral tradition for many households in India.
However, modern lifestyle and time constraint does not make Diwali house cleaning a fun task. Almost 31 per cent of the respondents feel that Diwali cleaning turns into a hectic or a chaotic day. Among the survey respondents, 42 per cent have the fear of dust allergy, 26 per cent of them fear losing a weekend and equate this feeling of being on a house arrest.
Outsourcing to professionals for home cleaning is also a new found tradition with the new age Indians with 68 per cent of consumers between the age of 20-35 are willing to hire professional help, while only 46 per cent over the age of 35 feel no need to outsource.
Gender comparison highlights that close to 65 per cent of women are more likely to outsource this yearly task while 40 per cent of the men would prefer to keep the house cleaning a family tradition and will not opt to hire professional help.
Commenting on the findings of the survey, Abhiraj Bhal, Co-Founder, Urbanclap said, "Today Pre-Diwali cleaning by professional help is on the rise. The survey saw participation of almost 60% from cities like Delhi, Mumbai and Bangalore. With as high as 68 per cent of respondents willing to pay reasonably for the task.
"Flagging off our #DiwaliKiSafai campaign with the survey results - it is interesting to find that this annual event is not just a part of a household chore but it also has an emotional quotient attached to it."
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