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|Forum: Asia and Pacific Region|
|Displaying Topics 1 - 40 (175 total) Sorted by: Date-Last-Post, Direction: reverse|
|1:|| New China Domain Law Now Much Tougher|
Getting a .cn domain is now much tougher with this new law.
|Oct 31, 2017|
|2:|| Microsoft Drops Bing Default Search In China For Baidu|
As part of Microsoft's move to get Windows 10 into China, Microsoft is to drop Bing as the default search on Edge browser and replace it with Baidu.
|Sept 24, 2015|
|3:|| Alibaba Shares Soar on First Day Trading, Surpassing Facebook|
"Alibaba reached $228.5 billion in market value after surging 36 percent above its initial public offering price to $92.70 per share."
|Sept 19, 2014|
|4:|| Alibaba Files IPO in the U.S.|
The Alibaba IPO is expected to be one of the largest stock listings in history.
|May 7, 2014|
|5:|| South Korean Authorities Admit They Are "Behind the Times" with Internet Explorer Laws|
"We are behind the times, clinging to the old method," said Rep. Lee Jong-gul of the main opposition Democratic Party.
|Nov 10, 2013|
|6:|| Baidu Launches English Website for Developers|
If you aren't fluent in Chinese this new site can help you make your apps discoverable on Baidu's Mobile App Center.
|Feb 28, 2013|
|7:|| Google Closes Shopping Search In China|
"In order to better optimize resources, we have decided to close the shopping search service in China."
|Dec 12, 2012|
|8:|| Internet Explorer becomes Korean election issue|
IE has a whopping 75% market share in South Korea due to a government imposed crypto scheme that requires ActiveX. A new presidential candidate wants to kill that.
|Nov 15, 2012|
|9:|| Google Japan Gets Scraper Algorithm|
Google has announced a new scraper algo for Japan which targets scraped content.
|Oct 29, 2012|
|10:|| Microsoft Reveals New Version Of Chinese Bing Search Engine|
The new version reportedly features a new dynamic front page, more concise web search pages, and more accurate results.
|Sept 18, 2012|
|11:|| Google Panda Moves to Japan and Korea|
"...We're launching Panda for Japanese and Korean..."
|July 19, 2012|
|12:|| Yahoo Sells 20pct of Alibaba for $7 Billion|
Yahoo and Alibaba Group have finally reached an agreement for the Silicon Valley Internet giant to sell back half its stake in the Chinese Web company in a $7 billion deal.
|May 21, 2012|
|13:|| U.S. Removes Baidu From "notorious markets" List|
Baidu, which has been on the notorious markets list for years, in July inked an agreement with top music studios to distribute licensed songs through its mp3 search service, ending a legal dispute over accusations the company encouraged piracy.
|Dec 23, 2011|
|14:|| Yahoo Sued By Singapore Press Holdings Over Copyright Infringement|
Singapore media organization Singapore Press Holdings (SPH) has filed a copyright infringement lawsuit against Yahoo for reproducing content from its stable of newspapers. The Web giant has refuted the charge, however, saying it intends to "vigorously defend" itself.
|Nov 25, 2011|
|15:|| Alibaba Group Invests RMB 1 Billion into ETao Search Engine|
Chinese e-commerce conglomerate Alibaba Group has announced plans to invest RMB 1 bln in its ETao e-commerce search engine.
|Nov 3, 2011|
|16:|| Baidu Profit Up 80 Percent, Forecasts More Growth|
Baidu Inc., which operates China's most popular search engine, said Friday its latest quarterly profit jumped 80 percent as strong growth in usage of its site helped to drive advertising revenue higher.
|Oct 29, 2011|
|17:|| Google Launches Deals Aggregator In China|
Shihui is an experimental search feature that aims to help people find deals through China's enormous number of group buying sites, said Google spokesman Robin Moroney.
|Sept 13, 2011|
|18:|| Baidu May Face Tighter Regulations After Criticism From State Media|
Increasing scrutiny into China's top search engine company Baidu by state media is highlighting the fierce competition developing between traditional and new media over lucrative advertising dollars.
|Aug 20, 2011|
|19:|| Baidu In Partnership With Microsoft to Get English Search Results From Bing|
Finally it's official. Both Baidu and Microsoft China have confirmed it: Baidu's partnership with Microsoft's Bing for English-language searches on Baidu.com is a done deal, after several months of rumors.[br][br]With this partnership Baidu Search will show English search results based on Bing's algorithms. It gives Baidu better quality search results, whilst also raising the profile of Bing in China.
|July 4, 2011|
|20:|| 36 People Arrested In Alibaba Fraud Case|
Chinese police have arrested 36 people in connection with operating fraud on Alibaba.com that prompted the resignations of the firm's top executives in February, the company said.
|July 1, 2011|
|21:|| Facebook and Baidu To Team Up Over Social Network In China|
Facebook has struck a deal with Baidu, the biggest Chinese search engine, to open a jointly-owned socialnetwork in China, according to reports in the Chinese press, citing inside sources.
|Apr 12, 2011|
|22:|| Baidu Deletes Almost 2.8 Million Files Of Online Works Over Copyright|
Chinese search engine Baidu has deleted 2.8m works from its online library, Baidu Wenku, in an attempt to settle a copyright dispute with writers.[br][br]"By Tuesday afternoon we had removed almost 2.8 million files, mainly from the Literary Works section of the site, which was the primary concern of the writers and publishers,"
|Mar 31, 2011|
|23:|| Executives at Alibaba Resign Over Frauds|
The chief executive of e-commerce group Alibaba.com has resigned after an internal investigation showed sales staff "intentionally or negligently" allowed more than 2,300 fraudsters to set up verified stores.
David Wei and chief operating officer Elvis Lee departed amid what the firm, one of China's biggest internet success stories, described as "systemic breakdown in our company's culture of integrity".
|Feb 21, 2011|
|24:|| Baidu Reaches Out In English To Help Grow Its Market Share|
Chinese search engine giant Baidu has launched an English-language blog on the country's online culture, a company spokesman said on Tuesday, as the firm looks to expand into overseas markets.[br][br]Baidu Beat intends to introduce and explain to foreign users the hot topics and trends on China's Internet, which is now used by more than 450 million people, spokesman Kaiser Kuo told AFP.[br][br]'It's really out of a desire to give people who are interested in China but who don't necessarily read Chinese or don't read fluently in Chinese an opportunity to understand what Chinese Internet users are doing,' he said.
|Jan 12, 2011|
|25:|| Skype Calls Banned In China|
"... it was announced that all internet phone calls were to be banned apart from those made over two state-owned networks,"
|Dec 31, 2010|
|26:|| Facebook Should Be In China, Says Baidu|
Baidu called for a Facebook entry into China, where the government currently bans the social network out of censorship
|Dec 21, 2010|
|27:|| Japan Seizes Google User Records|
Japanese prosecutors on Tuesday seized user records from Google in an investigation into the leak of a video on YouTube
|Nov 10, 2010|
|28:|| Burma Hit By Ongoing Net Attack|
"An ongoing computer attack has knocked Burma off the internet, just days ahead of its first election in 20 years."
|Nov 5, 2010|
|29:|| Baidu's CEO Pursues Long-Term Growth|
"Mr. Li says search advertising will remain Baidu's main growth driver for five to 15 years."
|Aug 4, 2010|
|30:|| Yahoo! Japan switches to Google Search|
The Google Japan blog confirms that Yahoo! Japan will license Google search technology.
|July 27, 2010|
|31:|| Baidu hacking lawsuit allowed to proceed|
"I hold that Baidu has alleged sufficient facts in its complaint to give rise to a plausible claim of gross negligence or recklessness,"
|July 23, 2010|
|32:|| Software will be Unpatentable in New Zealand|
"Despite what appears to be a big-budget lobbying effort by the pro-patent fraternity, Hon Simon Power announced today that he wouldn't be modifying the proposed Patents Bill hence software will be unpatentable once the Bill passes into law." - New Zealand Computer Society
|July 15, 2010|
|33:|| Google Renewed its ICP License in China|
Google.cn will be able to operate legally in mainland China for at least one more year.
|July 12, 2010|
|34:|| Google China will no longer forward to Google Hong Kong|
"Over the next few days we'll end the redirect entirely, taking all our Chinese users to our new landing page, and today we re-submitted our ICP license renewal application based on this approach."
|June 29, 2010|
|35:|| Rakuten Acquires buy.com for $250M|
"The all-cash deal will be handled by Rakuten USA (headquartered in Boston), which is expected to merge with Buy.com in the process."
|May 20, 2010|
|36:|| Japan's Nikkei Newspaper Goes Pay To View and Even Restricts Links|
"We may seek damages for any violations of these rules."
|Apr 10, 2010|
|37:|| Technical Error Appears to be Blocking All Google Searches In China|
"This blockage seems to have been triggered by a change on Google's part,"
|Mar 30, 2010|
|38:|| GoDaddy Withdraws from China|
"The world's largest registrar of internet domain names said Wednesday that it was pulling out of China in the wake of strict new laws that allegedly will increase government surveillance of web sites." - Sify Business
|Mar 25, 2010|
|39:|| Google Spells Out What's Happening To Its Apps In China|
"We'd like to share some additional information on how this may affect your employees that use Google Apps within mainland China."
|Mar 24, 2010|
|40:|| Google Pulls Back From China, Redirects Google.cn to google.com.hk|
"Users visiting Google.cn are now being redirected to Google.com.hk, where we are offering uncensored search in simplified Chinese, specifically designed for users in mainland China and delivered via our servers in Hong Kong."
|Mar 22, 2010|


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Identity fraud 'surges by 70%'
Identity fraud in the second half of 2006 was up almost 70% on the same period a year earlier, according to new figures.
The information services firm Experian said that between July and December last year, 2,124 victims contacted its fraud service for the first time, up 69%.
The surge coincides with a rise in organised gangs operating global identity fraud rings.
Research found that for the first time fraudsters are more likely to target a victim by using their current address, rather than a previous address.
Experian said present address fraud, which requires methods involving mail interception or redirection, accounted for 45% of all cases.
London remains the identity fraud capital of the UK, with all of the top 25 at-risk areas located within the M25.
Those living in the capital are on average twoanda-half times more likely to be hit by identity crime than those elsewhere.
Of those affected, almost half were unaware that they were victims until contacted by a financial services company, with 41% finding out when they obtained a copy of their credit report.
Jill Stevens, director of consumer affairs at Experian, said: 'We should all be looking after our personal information.
'But we must also be aware of the need to protect our technology, as organised gangs often source vast amounts of data online before implementing sophisticated fraud.'
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People are saying this car rolled onto the sidewalk and ran over someone's leg right in front of the Food Coop. pic.twitter.com/fSiu4UoKDZ
— Aaron Naparstek (@Naparstek) February 22, 2016
A parked car rolled onto the sidewalk in front of the Park Slope Food Coop yesterday evening and pinned a man against a gate. The Daily News reports that the man, a coop member in his 60s, was in front of the fabled collectively owned grocery store on Union Street at around 7:40 p.m. when the compact car slammed into him and trapped him, injuring his leg.
The store is next door to the Squad 1 firehouse. Between the loading zone for grocery deliveries and the space cleared to allow fire trucks to come and go, a long swath of that side of the block between Sixth and Seventh avenues is a no standing zone. It's not clear where exactly the car was parked.
The car had an FDNY placard on the dashboard and a Coexist bumper sticker on the back, passerby and street safety advocate Aaron Naparstek noted.
Coop member Kathleen Keske told the News:
It just started rolling backward, and it was on an angle on the sidewalk. It started slowly backing up on the sidewalk. People were yelling, "Stop, stop!" But there was no driver.
The victim said he was in the neighborhood to celebrate his birthday. After being hit, Keske says he was conscious and "was kind of joking about it: 'What a way to spend my birthday.'"
The News reported that the victim was transported to New York Methodist Hospital. Police and FDNY spokesmen we contacted had no information on the incident.


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Optus chief executive Kelly Bayer Rosmarin says the telco is facing higher staff turnover as it struggles to retain and recruit data scientists, web and software designers in a highly competitive tech jobs market turbocharged by closed borders and the “great resignation”.
Presenting the telco’s business update on Wednesday, Ms Rosmarin said the pressure faced by the business is industry-wide, and the shortage of these skilled workers is putting “a lot of pressure on wages.”
“And so we are seeing increased turnover. The whole business community is dealing with this and Optus is no different.”
Optus trimmed its headcount by 300 people – or 4.3 per cent – in the year to September 30 but still saw staff costs lift nearly 10 per cent to $486 million in that period.
Rival Telstra’s full-year results show it slashed the number of full-time equivalent workers by 6.7 per cent but still had costs increase by $108 million due to “higher costs per employee”
Border closures and the subsequent bottleneck on immigration have placed skilled workers in high demand since the pandemic started early last year, and tech industry figures say the cost of hiring software developers, security specialists and data experts has gone up by about 30 per cent in 12 months.
Leading executives from companies as varied as Coles, mining giant BHP, airline Virgin Australia and big four bank Westpac told The Australian Financial Review CFO Live Summit on Monday that a shortage of skilled workers was holding back their growth plans.
Even so, Optus is readying to take on big box retailers with a “smart space” service where it advises customers on the best mix of devices to buy and install to create smart homes and offices and is bullish about its 5G regional spectrum rollout.
Speaking at the business update, Clive Dickins, Optus’ VP of product development, said the telco’s new “smart space” offering will focus on homes and offices and expects the market will increase from $3 billion to $5 billion by 2024.
“Currently, big box retailers lead smart device sales. However, there’s no clear provider for ‘smart spaces’ device support,” Mr Dickins said.
“You know our customers often feel confused as to what devices to buy, which devices work together and how to install those devices.”
This new service packages devices from Amazon and Google “that work together as part of an ecosystem around security, entertainment, working from home and business, to create simplified smart home connectivity for all our customers,” he said.
“Now the key differentiator for our smart spaces strategy is...dedicated installation and support experts. The customers can tap into it the help designing installing and troubleshooting their smart space needs.”
Optus is also angling to boost its tie up with Harvey Norman stores by increasing its presence to 80 shops by 2023, up from 29 at the moment.
On Wednesday Optus won 12 of the 16 of low-band mobile spectrum slots – two of which were guaranteed because the government agreed it needed a leg-up for competitive reasons in the emerging 5G mobile market - at a cost of $1.5 billion.
Once this is rolled out it will bring Optus’ coverage up to 98.5 per cent of the population, Ms Rosmarin said.
“As we get low band spectrum added into the mix, we’ll be able to really increase our coverage over time and bring real choice and competition to millions and millions of Australians.”
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- 3 years ago
8/3/15: Facebook is testing a new feature called Live Events, Apple is in talks to become a MVNO, Apple also plans to unveil a voicemail service using Siri, AT&T/DirecTV merger has led to an interesting content distribution offer, and more...
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If anyone hasn’t heard yet, Russell Simmons and Steve Rifkind are getting back in the music game in a big way. One of the first artists that Russell and Steve are circling is a singer by the name of Agnez... Selengkapnya
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ATLANTA — “Made in U.S.A.” could soon be back on the clothes you buy, thanks to high-tech innovation.
A company called SoftWear Automation is collaborating with researchers at Georgia Tech to develop robots capable of manipulating fabrics through conventional sewing machines.
“It is definitely going to make it competitive with manufacturing overseas,” said Georgia Tech professor Sundaresan Jayaraman. “But the key thing is not just the manufacturing cost, but the added things that are going to happen in terms of the total cost. You don’t have to wait for 45 days for a boat to come from a developing country back to the United States.”
The manufacturing of sewn products has been slow to automate because, unlike metal or wood, fabric is flexible. But researchers have developed software that can locate individual threads inside the fabric and track their positions like a grid pattern.
“That’s how we know where the fabric is,” said SoftWear CEO K.P. Reddy. "It might flex. It might bend. It might fold. We still know where those intersections of those threads are and are able to track it.”
Some of the biggest names in manufacturing and retail are interested in the technology - not only for its cost-cutting potential, but its ability to rapidly respond to changes in consumer demand. Developers say this will shorten the time garments hang on store racks — lowering the price consumers pay for them and opening new possibilities for customization.
“A lot of young designers will now, all of a sudden, be able to take their product to market because they don’t have to have a 50 million unit commitment to get it in stores,” Reddy said. “They could actually use our technology, manufacture small runs, sell it on the Internet and get lots of unique designs, versus everything looking the same.”
The research project has received major funding from the Walmart Foundation and the U.S. military.
“By rule, military uniforms have to be made in the U.S.,” Reddy said. “And the challenge we’re having with all the jobs going overseas, and all the textile industry going overseas, you actually have a gap of talent. So, even if you take cost out of the equation, the talent base has aged out.”
Bridging that talent gap does not necessarily involve training new workers in the arts of sewing, but new workers programming machines to bring back clothing made in America.
“The jobs we are going to have are going to be the high-tech, high-skilled jobs,” professor Jayaraman said, “which is exactly the kind of jobs we need here in this country.”


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A logo about intellectual property rights protection at the 2016 Beijing International Fair for Trade in Services on May 29, 2016. (Photo: VCG)
This year's International Copyright Fair is underway in the coastal city of Qingdao.
Forums on topics including intellectual property rights and copyright protection will be held during the three-day event.
Eight contracts worth 13.7 billion yuan, which is around $2 billion, were signed at the opening ceremony of the event.
Qingdao's Vice Mayor, Wang Jiaxin, hopes the event will help to change the growth model of the local economy.
"We will strengthen copyright protection and promote the development of the copyright industry, to make innovation the new driving force of our economic growth. It's also good for the industrial upgrading. We've held the copyright fair three times since 2013, and it's gaining growing influence both at home and abroad."
Official figures show that China's online copyright industry was worth 742 billion yuan last year, up 17 percent on the previous year.
Steven Ma is the director of the Office of International Liaison for the California Department of Education.
He said that China has established an intellectual property system that's in line with the country's conditions, as well as international norms.
"I first came to China 15 years ago and I went to Shenzhen. It seemed that you could buy pirated goods everywhere at that time. But now, it's very different. Actually, I can feel that governments at all levels are taking strict measures on copyright protection. I think it's very important for the national economy."
In recent years, China's government has enhanced protections for intellectual property rights, including patents, trademarks, and copy rights.
DeZerlin Media is a company that focuses on Intellectual Property creation, story development, and content production for the global market.
The company was founded in 2010 in Qingdao. Frank Antonelli is the president of DeZerlin US.
He said China's efforts towards improving copy right protections have been recognized by the international community.
"IP copyright is important worldwide. It's interesting that as the population of the world grows, it's actually becoming a smaller world. IP is going to be shared one way or another globally. It's going to happen. And I think what we are seeing now especially in China, is understanding of that and willingness to be at the forefront of making sure that it's taken care of, protected and shared in a proper way. And that's what I'm saying here in the expo."
156 enterprises from home and abroad are attending this year's copy right fair in Qingdao, from industries such as packaged food, publishing, animation, electronic games, and toys.
Zhang Xiao is with the Qingdao Publishing Group.
"We are adopting a new industrial model. Before, we simply lend our copyright to foreign publishing houses, and they did the translation and publishing. Now, it's different. As the sponsors, we employ people from overseas to write books about China, and they are in charge of overseas distribution. We are expanding into the overseas market through joint investment."
Last year, China's external payments of royalties for the use of intellectual property rights reached nearly $36 billion, up 24 percent from a year earlier.
These royalty payments have increased, on average, by 22 percent a year from 1997 to 2018.
The payments mainly come from the electronics, telecommunication, and auto making sector, which accounted for more than 40 percent of the royalty payments.


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The eurozone's trade surplus widened in March, but that was driven by a decline in imports rather than a rise in exports, a sign that domestic demand may have weakened as the first quarter drew to a close.
Figures released last week showed the eurozone's economy grew 0.5% in the first quarter from the fourth, an annualized rate of 2.1% that marked a pickup from the final three months of 2015.
However, economists expect the expansion to be moderate over this and coming quarters amid signs the economy was already slowing in March. Industrial production fell sharply during the month, while retail sales were also down.
Trade figures released by the European Union's statistics agency Tuesday are consistent with that picture. While the currency area's trade surplus rose to 28.6 billion euros from EUR19.9 billion in March 2015, seasonally adjusted figures showed exports fell 1.3% between February and March, while imports fell 2.7%, raising the trade surplus to EUR22.3 billion from EUR20.6 billion in February.
Falling imports can reflect a decline in consumer demand, consistent with the decline in retail sales. Eurozone household spending has been boosted by lower energy prices, which leave them with more to spend on other goods and services. That boost may be fading as oil prices recover from sharp declines early in the year.
To be sure, consumer spending is expected to continue to rise this year, partly reflecting a slow but steady decline in unemployment. But with demand for the eurozone's exports from large developing economies weakening, that is unlikely to be enough to support a much stronger recovery than the one experienced in 2015.
Write to Paul Hannon at email@example.com
Dow Jones Newswires


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Honoring the finest works of fiction from around the world, the Booker Prize has announced its 2021 winner is The Promise by Damon Galgut.
Environmental Kids Literature is enjoying the spotlight with more great Book Awards dedicated to this growing sub-genre.
The 2021 National Book Awards finalists feature a wide range of new voices and familiar names.
The National Book Foundation has announced the longlists for the 2021 National Book Awards on September 15–17.
Take this as a sign to dive into prize-winning authors' backlists; there are a ton of great books out there beyond the ones that win awards.
Chosen from 158 novels, this year’s shortlist is comprised of 6 novels that span the globe. The winner will be announced on November 3rd.
This year’s Booker Prize longlist is comprised of 13 novels that span the globe, with notable authors like Kazuo Ishiguro and Rachel Cusk.
Honoring the finest works of translated fiction, the Booker International Prize has announced its 2021 winner, At Night All Blood Is Black.
Winners of the 2021 Lambda Literary Awards include Kacen Callender, Jenn Shapland, and more in the ceremony celebrating 2020's LGBTQ books.
Meet the winners of the 2021 Whiting Awards! Now in its 36th year, the prize recognizes early-career achievements of emerging writers.


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Investors pile in to Pact despite early gearing concernsPUBLISHED: 28 Nov 2013 00:38:32 | UPDATED: 28 Nov 2013 03:59:22PUBLISHED: 28 Nov 2013 PRINT EDITION: 28 Nov 2013
When packaging company Pact Group was on a roadshow in Asia last week ahead of its $1.7 billion initial offer, one investor told owner Raphael Geminder it was the best float to come out of Australia in five years.
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Certificate of Entitlement (COE) premiums could still climb amid a continuing lack of COE supply and steady demand from affluent buyers, car dealers and transport analysts said on Wednesday (Jul 6).
This comes after the premium for the Open Category COE – which can be used to register any vehicle type but tends to be used for larger cars – hit S$110,524, breaking a record that had stood since December 1994 when the then-Category Four classification peaked at S$110,500.
Premiums also went up across the board. In Category A – for cars 1,600cc and below with horsepower not exceeding 130bhp – premiums closed at S$78,001, up from S$74,989 in the last exercise. Category B COE premiums rose to S$107,800 from S$106,001.
Sharp rise in marriages and divorces last year with Singapore’s easing of Covid-19 restrictions (Straits Times)
A total of 28,329 couples wed last year – a 25.1 per cent jump from the 22,651 in 2020.
Some 7,890 couples dissolved their marriages last year, meaning they either divorced or annulled their marriage. This was a 13.4 per cent increase from the 6,959 marital dissolutions in 2020.
Speaking at a joint press conference with his Australian counterpart Penny Wong, Dr Balakrishnan noted the “longstanding” and “natural” partnership between the two countries. The green economy agreement is “crucial” for Singapore, with the “existential threat” of climate change, he said.
- Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said.
- The surge in energy tariffs is mainly fueled by higher energy costs driven by “rising global gas and oil prices exacerbated by the conflict in Ukraine,” utilities company SP Group said.
- Song Seng Wun, economist at CIMB Private Banking, said rentals, labor costs and utility charges have all gone up, and it’s “hitting everyone” including retail businesses.
This comes after Singapore announced on Jun 30 that it has added Indonesia as a new source for the import of chilled, frozen and processed chicken.
According to the Singapore Food Agency (SFA), three companies from Indonesia were given permission to export chicken meat and chicken meat products into the country.
The Ministry of Home Affairs (MHA) is studying if there is scope to amend existing laws to make it easier to establish fraud in cases where renovation works are not carried out.
In response to a parliamentary question by MP Murali Pillai (PAP-Bukit Batok) on renovation fraud, Minister for Home Affairs and Law K Shanmugam said in a written answer on Monday (Jul 4) that the police investigated 100 cases involving errant renovation contractors between 2019 and 2021.
After more than 30 resignations from within the government and with many lawmakers in his Conservative Party in open revolt, some cabinet ministers went to Downing Street to tell Johnson he needed to go, a source said.
One encouraged him to make a dignified exit by setting his own timetable rather than face a confidence vote.
The Monetary Authority of Singapore “has been carefully considering the introduction of additional consumer protection safeguards,” its Chairman Tharman Shanmugaratnam said in a written response to a question from parliament. “These may include placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.”
The central bank has repeatedly said this year that cryptocurrencies aren’t for retail investors, as a $2 trillion market selloff engulfed a growing list of players. Terraform Labs, whose TerraUSD stablecoin imploded in May, is based in Singapore, as was Three Arrows Capital, the crypto hedge fund ordered into liquidation last month after failing to repay creditors.
Vauld, a Singapore-based crypto lender, on Monday said it froze withdrawals and hired advisers to pursue a potential restructuring after a surge in withdrawals sapped liquidity.
The MAS last week reprimanded Three Arrows for providing false information and exceeding the limit on assets under management. It’s continuing to investigate the fund for more rule breaches.
Jim Cramer invested $100 a month in his 20s—even while living in his car: ‘I put that money away, and it made me a millionaire’ (CNBC)
“They always say that ‘I have nothing,’” Cramer tells CNBC Make It. “I hear that from people in their 20s all the time.”
What they need is the “discipline” to stick with an investment plan, says Cramer, not more money. He speaks from experience: For about nine months in his early 20s, Cramer lived out of his car, yet still managed to invest $100 a month. Over time, he says, investing made him a millionaire.
At the time, in the late 1970s, Cramer was a beat reporter in Los Angeles making very little. Once, while Cramer was out of town on a reporting assignment, a thief broke into his home and stole everything he had. They also cleared out his checking account, which held the money he needed to pay rent.
He was evicted and ended up living in his Ford Fairmont, spending nights parked at highway rest stops. He carried a gun and a hatchet for protection. For comfort, he kept a bottle of Jack Daniel’s handy.
“I put $100 into the Fidelity Magellan Fund every month,” says Cramer. “I used to say, ‘Well, you know what? My car insurance costs that much. My rent costs that much — and I’m saving on rent.’”
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New Delhi: In a severe blow to Russian tennis star Maria Sharapova, three of the top sponsors – Tag Heuer, Nike and Porsche – have suspended their ties with her post her admission of failing a doping test.
Maria on Monday said she tested positive in an in-competition test at the Australian Open, where she lost to Serena Williams in the quarterfinals.
In serious consequences of her disclosure, Sharapova has lost hold of the huge money-spinning endorsements.
Swiss watch brand Tag Heuer issued a statement saying that its deal with the tennis star will not be renewed after its previous contract with her expired at the end of 2015.
Following the footsteps of Tag Heuer, US sportswear maker Nike too dismissed her as their brand ambassador. "We are saddened and surprised by the news about Maria Sharapova. We have decided to suspend our relationship with Maria while the investigation continues," Nike said in a statement."
The latest brand to announce Maria's exit is the luxury carmaker Porsche. "We regret the current news about Maria Sharapova. Until further details emerge and we are able to analyse the situation, we have decided to suspend planned activities," it said.
The five-time major champion made the announcement at a news conference Monday in Los Angeles.
“I have no one to blame but myself. But at the end of the day, everything that you do is about you,” Sharapova said.
“I have been very open and honest about many things, I take great responsibility in my job ... I made a huge mistake," she added.
Sharapova said she tested positive for meldonium, which she has been taking for 10 years for health issues. Meldonium became a banned substance from January this year.
The Russian tennis star is also thought to be the world's highest-paid female athlete due to her extensive business ventures and endorsement deals. Forbes estimated her earnings at $29.5 million for 2015, with $23 million from off-court ventures.
She has been among the best players of her generation since bursting onto the scene as a 17-year-old Wimbledon champion in 2004, beating Williams in the final. She won the U.S. Open in 2006 and the Australian Open in 2008 before finally completing the career Grand Slam with French Open titles in 2012 and 2014.


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Getir, an Istanbul, Turkey-based grocery delivery company, closed a $300m Series C funding round two months after finalizing its $128m Series B round.
The Series C round was led by Sequoia Capital and repeat investor Tiger Global. The investment round included 7 out of 8 existing funds.
The company, which now has a new valuation of $2.6 billion, intends to use the funds to grow in Turkey and the UK and expand into three more European markets in the coming months.
Founded in 2015 by Nazım Salur (founder of BiTaksi, Turkey’s leading taxi app), Serkan Borançılı (founder of GittiGidiyor which was acquired by eBay in 2011) and Tuncay Tütek (ex-PepsiCo and P&G executive in Europe & the Middle East), Getir is a 10-minute grocery delivery company. Getir delivers a selection of 1,500 everyday items to its customers in minutes, 7 days a week, day and night. The company, which has launched operations in London as of January 2021 also has sub-brands – GetirFood, GetirMore and GetirWater.


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Pride month this year looks a little different. Due to the coronavirus pandemic, many celebrations have been postponed or even cancelled. Because of this, the LGBTQ+ community has had to find other ways to show their pride – something many of them are doing with their pocketbooks. Pride month offers a unique study into just how imperative it is for companies to take on Corporate Social Responsibility initiatives.
THE WAY IT IS ACTUALLY PRACTICED IN TODAY'S SUCCESSFUL ORGANIZATIONS
Marketing Strategy for 2016: Focus on Sustainability?
As the world continues to shift towards a more environmentally consciousness, brands promoting sustainability, corporate shared responsibility, and shared value are realizing the long-term benefits that come with sustainability.
Marketing & Ethics
(NBC News – 2/8/14) With another exciting Olympic Games underway, there are a thousand story lines emerging from every angle. One of particular interest to us, and the focus of today’s post, touches a bit […]


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Qualcomm has been successful in getting some iPhone models banned in certain regions, but the legal battle between the two companies is far from over.
And it sounds like Qualcomm isn’t too pleased with Apple’s response to the iPhone ban that was handed down in China. It is being reported this week that Qualcomm’s lawyer, Jiang Hyongi, has referenced Article 111, Paragraph 6 of China’s civil procedure law that says a court in China can fine, or even detain the “principals or persons” directly responsible if it’s determined that the company is not following through with a court order.
Apparently Qualcomm is just unhappy across the board with the way that Apple has handled the imposed iPhone ban in China, especially in comparison to the same ban in Germany. For those keeping track of all this, Apple released iOS 12.1.2 into the wild that directly meant to address Qualcomm patents in China, in an effort to address the China ban of certain iPhone models. That software update changed the animation for force closing apps on iPhones, but apparently Qualcomm doesn’t think that’s actually good enough.
However, there is a key difference between the rulings in Germany and China. For the latter country, the imposed import ban was related to software — which Apple did indeed address. Meanwhile, in Germany, the ban was related to hardware, which is admittedly a bit harder to change on the fly.
So, it sounds like Qualcomm may be trying to go to the next level in China, as far as they can go in the region. Will it work? We’ll have to wait and see.[via 9to5Mac; Global Times]


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Flipkart sees 12 percent rise in FY20 revenue at Rs 34,610 crore
Flipkart India Pvt Ltd, the wholesale arm of the Walmart-owned e-commerce company, witnessed a 12 percent rise in its revenue at Rs 34,610 crore ($4.7 billion) for the financial year 2020.
With the jump in revenue, the company managed to trim its losses by almost 18 percent to Rs 3,150 crore, as compared with Rs 3,835 crore in the previous year.
Flipkart’s total expenses for the financial year stood at Rs 37,760 crore, from Rs 34,766 crore in 2018-19. This included employee benefit expenses of Rs 309 crore.
Despite the Covid-19 pandemic, Flipkart has been witnessing strong sales on its platform and expected to consolidate further during the current fiscal year.
Earlier in July, the Flipkart Group -- which owns fashion platform Myntra, digital payments company, PhonePe, and logistics arm, Ekart -- raised $1.2 billion in investment led by parent Walmart, which valued the Group at around $25 billion.
Flipkart India’s majority income is from the wholesale sale of products. The company continues to make heavy investments to strengthen its foothold in the Indian market to compete with rivals like Amazon and Reliance.
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India Auto 2016 scene hit the new all time record with light vehicles over 3.5 million units, first time ever, ranking as the global 5th market. Renault staring with a phenomenal score.
India’s economy gained steam in Q2 FY 2016, but failed to fire on all cylinders. Positive impulses to consumption from a near normal monsoon and public pay hikes drove the pick-up in GDP growth, however, a sharp fall in investment and a muted performance in the external sector prevented growth from hitting market expectations.
The economy’s momentum is likely to have faltered in Q3 FY 2016, hit by the government’s bold demonization program. Cash shortages have been reported and leading indicators suggest they are hitting activity:
Signs of demonization effects had been seen in the domestic vehicles market that in December fell 1.2% at 228.992 units, breaking a winning series started in November 2014 after 25th months of y.o.y. growth.
However the 2016 hit the new all time record for the Indian car passenger’s market, the second in a row.
According to data released by the SIAM, the Society of Indian Automotive Manufacturers, in new vehicles sales had been 2.964.000, up 6.9%.
When considering the LCVs market, preliminary reported at 550.000 units (-7.1%) the total light vehicles domestic sales were just over the 3.5 million units, first time ever.
Indian market in the 2016 ranked 5th globally after China, US, Japan and Germany and ahead of U.K. and France.
In a generally positive year for all the players, the 2016 definitively was the year of Renault, boomed 147.5% at over 132.000 sales and advancing in 5th place. The year was negative for Honda, Toyota, Chevrolet, Audi and Fiat.
Maruti sales were very close to 1.4 million while Hyundai hit the milestone of half a million sales.
At model wise, the year was almost dynamic with many new models launched and really well accepted by the public.
However, the top of the list did not changed with the Maruti Alto first with 245.094 sales (-9.9%) ahead of the Maruti Dzire with 202.000 (-14.4%) and the Maruti Wagon R with 173.000 (+1.7%).
Wishing to see the best-selling cars ranking for the top 100 models, just read the dedicated report.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models


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Food Heroes on Out of Home
Thu 8th February 2018
Lidl’s Goodness Gang teddies have been up for grabs inside 3 JCDecaux bus shelters in Dublin City since the end of January. A bespoke arcade claw machine was installed inside the bus shelters to create a fun and engaging way to promote Lidl’s food heroes.
Pat Pear, Ben Banana, Bob Broccoli, Connor Carrot, Grace Garlic, Adam Aubergine and Sophie Strawberry have been designed to bring healthy eating to life for children and their parents, and are available to collect from Lidl stores until 1st April. Alternatively you can try your luck at one of the bus shelter locations until the campaign ends this weekend!
The innovative outdoor specials were planned as part of a wider Lidl campaign by Source OOH and Mediaworks, creative was by Trumpit and Eclipse Media produced and installed the special.
Pat Cassidy, Digital, Innovation and Experiential Manager at PML Group said “to launch the new Lidl Goodness Gang range of collectable plush toys we needed to create something special. We wanted the public to get to know the characters in an interesting and engaging way so we created a giant fully functioning claw machine inside three key Dublin Bus shelters. The specials were an instant hit with the public, they surprised commuters and brightened up their waiting time. This is the first time this type of special has been undertaken in this market and it has encouraged players to complete their collection by visiting their local Lidl stores”.
For more information on out of home innovation contact email@example.com


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Browan Communications in IoT Tech EXPO Europe 2023
Exciting News! Browan is delighted to collaborate with Actility for the IoT Tech Expo 2023, the leading event for IoT, digital twins and enterprise transformation.
Discover our game-changing collaboration with the launch of ThingPark All-in-One (TAO) for Browan's Outdoor Deployment Unit (ODU). It's a transformative gateway solution designed to accelerate the implementation and management of LoRaWAN networks across various industry sectors, simplifying IoT deployments with efficiency, Azure certification, and more.
Join us at IoT Tech Expo on September 26-27 to explore the future of IoT!


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Interpol is on the hunt for fugitives accused of such crimes as ivory smuggling. illegal logging, and trafficking live animals
The cosmetics retailer is facing a lawsuit
The oil market has moved beyond the Keystone XL pipeline
A new tool detects computer malware that’s watching your every move
The provider of high-interest business loans nears an IPO, on the strength of its data-powered credit analysis—and a network of shady brokers
Nike expects revenue from women to outpace its men's business.
Twist, stretch, twirl: a day in the life of a candy cane
Educational Credit Management, a guarantor and collector of student loans, wants to buy 56 campuses from Corinthian Colleges
The novelty items are hot for retailers large and small
Salary vs. Performance
With Casey Reas, Fry co-created Processing, an open-source programming language used by many of the designers featured in this slideshow. Fry also runs Phyllotaxis Lab, a data visualization studio connected to Seed Media Group. This piece looks at the 30 Major League Baseball teams and ranks them according to salary and performance. Here, listen to a conversation between Fry and BusinessWeek's Helen Walters.


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Facebook’s parent company Meta warns via cybersecurity report that they have detected 400 mobile apps Which collect the login credentials of the social network. According to the company, the applications are found in both the Play Store and the App Store and pose as photo editing platforms, VPNs and Activity Monitor (among others) to trap users.
Prompted as soon as victims installed apps ‘Sign in with Facebook’. By doing this, users were providing such data to cyber criminals. Additionally, double-checkers may also be required to provide a code to access the app.
“If login information is stolen, attackers can gain full access to a person’s account and do something like: send message to your friends hey access private information“, a warning from the company.
Meta explored the threat from Facebook through behavioral cues and how it relates to malicious apps. Based on that, about a million users a notification has been received this weekend.
Before notifying Internet users, Meta reported the problem to Apple and Google, as the fraudulent apps were in their official stores. Thanks to this, the apps have already been removed from the Play Store and App Store. However, the victims They can still install them on their mobile.
The firm advises users to change the password to a new stronger password. That is, the ideal would be that Symbols, numbers, uppercase and lowercase And there are more than eight characters.
Similarly, Meta also recommends activating two-step authentication And enable internal notifications, to find out when someone has tried to log into the account.
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Spectrum Doings—CWA Readying Ad Buys on Verizon-Cable Deal
More parties weighed in on the Verizon/cable spectrum deal as the FCC and DOJ continued their reviews. The FCC’s informal deadline is Aug 21, and so far things remain on track, according to Verizon Wireless. CWA released aTV ad Sun on CBS’ “Face the Nation” highlighting the pitfalls of the deal and asking consumers to voice their opposition at the FCC. Read more in today’s issue.


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In what continues to be an ongoing saga, the insider buying continues to swamp insider selling week in and week out. In fact, we have seen some of the lowest insider selling volumes over the past week that we have seen in almost three years. That remains a testament to the fact that insiders at companies feel that the stock they own is too cheap to sell now, and the see more upside down the road as 2015 rolls on.
We cover insider selling every week at 24/7 Wall St., and we like to always remind our readers that just because an individual or 10% institutional owner is selling stock, that is no cause for immediate alarm. Many top executives, and even directors, are compensated with stock, and often sell just to diversify or purchase other assets.
Here are companies that reported insider selling this past week.
Cheniere Energy Inc. (NYSE: LNG) has been a solid performing stock this year, and the CEO continues to sell shares. Charif Souki sold a 100,000 share block of the stock at prices that ranged from $51.93 to $56.00. The total for the sale came to $5.5 million. Cheniere Energy is an energy company that engages in the liquefied natural gas related business. The stock was trading on Friday at $52.65.
United Health Inc. (NYSE: UNH) had a director at the health care company selling shares this past week. That director sold a total of 50,000 shares of the stock at prices that ranged from $117.40 to $117.85. The total for the sale came to a sizable $5.9 million. The stock was trading Friday at $122.37, so some serious cash was left on the table.
China Biologic Products Inc. (NASDAQ: CBPO) had numerous top executives selling stock last week. The chief financial officer, a senior vice president and a vice president at the company all parted with shares. The three sold a combined total of 23,050 shares at prices between $97.08 and $99.29 apiece. The total for the sales came to a tidy $2.3 million. The company engages in the research, development, manufacture and sale of human plasma-based biopharmaceutical products to hospitals and inoculation centers in the People’s Republic of China. The shares were trading on Friday at $96.70.
Concert Pharmaceuticals Inc. (NASDAQ: CNCE) had a director at the company shed shares this past week. That director sold a total of 120,000 shares of the stock at prices between $18.00 and $18.72. The total for the sale came to $2.2 million. This a clinical stage biopharmaceutical company discovers and develops small molecule drugs for central nervous system disorders, genetic diseases, renal disease, inflammatory disease and cancer. The stock was trading Friday at $19.46, so some money left on the table here as well.
Century Communities Inc. (NYSE: CCS) had the CEO at the company sell some shares last week. Robert Francescon parted with a total of 100,000 shares at prices that ranged from $22.30 to $22.50 per share. The total of the sales came to $2.2 million. Century Communities engages in the homebuilding business in Atlanta, Central Texas, Colorado, Houston and Nevada. It is involved in the acquisition, entitlement and development of land, as well as the construction, marketing and sale of single-family attached and detached homes, townhomes and flats. The stock was trading on Friday at $23.38, so yet another trade where some significant money stayed on the table.
These companies also reported notable insider selling this week: Marriott International Inc. (NYSE: MAR) and OSI Systems Inc. (NASDAQ: OSIS).
The weekly low volume of sales continues to portend a favorable final quarter of 2015. When insiders aren’t selling stock, that is a very bullish sign for the markets. While volatility remains heightened, and probably will until the Federal Reserve finally lifts rates, the road forward does look promising


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The news: Spotify is delving into the connected TV (CTV) ad business. The company will launch video ads for its CTV apps, with Roku as its initial partner. Over time, the company will add more to what it’s calling the Spotify CTV Partner Network, per Ad Age.
- Video ads will begin alpha testing next month, with additional markets following in the coming months.
Why CTV? Ironically, music makes more sense on CTVs than formats like short-form video. The ability to stream music from TV screens effectively turns them into speakers, and apps like Spotify are often used to play music throughout a household. That Spotify would delve into CTV advertising suggests this is a popular use case.
- Spotify’s head of advertising business development, Emma Vaughn, cited CTV’s strong advertising growth, saying “CTV is essentially the highest growth category for where advertisers are spending and where the eyeballs are.”
- Vaughn is right: We expect CTV ad spending to grow 21% this year to $25.01 billion in the US and $40.90 billion by 2027, making it one of the fastest-growing ad sectors. Spotify and Roku will share responsibility for selling inventory, but did not disclose how revenues would be shared.
The big picture: Partnering with CTV providers lets Spotify tap into growing spending, but it also factors into Spotify’s plan to create an advertising stack that lets advertisers target users using Spotify on various platforms.
- “The dream is ubiquity,” Vaughn told Ad Age. “We’re going to bring the Spotify experience with all of these new consumer and advertising products to every point of consumption.”
- Spotify is making its Video Takeover format, which serves video ad breaks to users and is available on mobile devices, available on CTVs. But even if it’s being used from a TV screen, users may not be too pleased to watch TV-style ad breaks while using an audio streaming service.
- To avoid friction, Spotify has encouraged advertisers to put extra effort into ads to make sure they work well, whether listened to or watched. Vaughn said that initiative is an especially important priority for CTVs.
Our take: Spotify’s push into CTV advertising is an example of the medium’s powerful advertising potential beyond video. There are challenges in adapting audio ad formats for TV screens, making Spotify’s effort one to watch.


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Posted on 04 April 2011
Tags: big pharma, china, Daiichi Sankyo, hypertension, Pfizer
Pfizer has agreed to promote a hypertension drug from Daiichi Sankyo Pharma in China.
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Soviet shoppers line up outside a newly opened McDonald’s in the Soviet Union on January 31, 1990 on Pushkinskaya Square in Moscow.
Vitaly Armand | Afp | Getty Images
It was 4:00 am, and streams of Russians were already beginning to line up outside the building in the bitter winter cold, hours before opening.
When the doors opened, hundreds of hungry, bundled-up Muscovites rushed in to try the alien creation for the first time: the Big Mac.
It was January 1990, and McDonalds was opening its very first restaurant in the Soviet Union, becoming one of the few Western companies that, in its last days, broke through the iron curtain, slowly opening up to the world.
At that time the Russians were hungry. Literally. Stores often ran out of food and lacked most of the food that existed in the Western world. Lunch at McDonald’s cost half a day’s pay, but “it’s unusual…and delicious,” one local woman told CBC News at the opening after tasting her first burger.
“We are all hungry in this city,” the woman said. “We need more places like this – there’s nothing in our stores and restaurants.” As a result, McDonald’s was forced to stay open several hours later than the official closing time due to high demand and cater for whopping amounts. 30,000 customers on opening day – a record for the cult American network.
Of course, over the past 32 years, Russia has become a capitalist haven, teeming with thousands of recognizable Western brands and foreign investment. But in the weeks following Russian President Vladimir Putin’s invasion of neighboring Ukraine, and amid global condemnation, most of these brands have shut down, either temporarily or leaving the country entirely.
Thus the scenes of 1990 were almost repeated three decades later, albeit in a completely different context. When McDonald’s announced the temporary closure of its more than 800 restaurants in Russia in early March, pending a decision this week to move out of the country permanently, long queues formed outside its businesses as Russians turned up to get what could be their last gold medal. arch. burgers and french fries.
One Russian man even handcuffed himself to the door of a Moscow McDonald’s in protest, shouting “The closure is a hostile act against me and my fellow citizens!” before the arrest.
For Bakhti Nishanov, a Eurasian scholar who grew up in the Soviet Union, the departure evokes strange emotions.
“It’s really weird how it strikes me. It’s almost like hope leaving the country,” he told CNBC.
“It has a huge symbolic meaning: McDonald’s coming to Russia, which was then part of the Soviet Union, was an implicit signal to the world that Russia was open for business. The departure of the company from Russia is a clear signal that the country is no longer a place. you want to be in business,” Nishanov said.
People wait in line to enter a McDonald’s restaurant in Moscow on March 11, 2022, after the chain announced the temporary closure of 850 of its restaurants in Russia, joining other foreign brands that have suspended operations in Russia following the country’s military campaign in neighboring Ukraine . . McDonald’s has since decided to leave Russia for good.
Vlad Karkov | sopa images | Light rocket | Getty Images
“I first read about McDonald’s in Russia in the youth magazine Young Technician,” says Nishanov. “I was absolutely mesmerized and fascinated by this article and the idea that a person, for a relatively modest amount of money, can also become part of the American culture, of which McDonald’s was a real embodiment.”
“For a generation of Russians, McDonald’s, commonly referred to as McDuck, was an exciting phenomenon,” he added. “They are obviously connected to American culture, but are very much a part of their daily lives and, in some ways, are less alien or alien than many other brands.”
From an economic point of view, the departure is also significant – 62,000 people work at McDonald’s throughout Russia. Together with hundreds of other foreign companies that have left the country, the number of jobs that have disappeared is in the hundreds of thousands.
The burger chain will now sell its business, which included about 847 restaurants, saying “the humanitarian crisis caused by the war in Ukraine and the exacerbation of the unpredictable operating environment have led McDonald’s to conclude that further business ownership in Russia is unacceptable.” more reasonable and inconsistent with McDonald’s values.”
The logo of a closed McDonald’s restaurant at the Aviapark shopping center in Moscow, Russia on March 18, 2022.
Photo Alliance | Getty Images
CEO Chris Kempchinski said he was proud of all the company’s employees working in Russia and that the decision was “extremely difficult.” He also said that employees will continue to be paid until the business is sold and that “employees will have a job in the future with any potential buyer.”
Shoppers look at closed McDonald’s and KFC restaurants at the Mega shopping center in Khimki, Moscow region, Russia, March 27, 2022.
Konstantin Zavrazhin | Getty Images
The write-off of McDonald’s in connection with the withdrawal from Russia will be from 1.2 to 1.4 billion dollars, according to the company. Simply shutting down its restaurants in Russia during the first few weeks hit its bottom line significantly, costing the company $127 million last quarter. Together with 108 restaurants in Ukraine, the Russian and Ukrainian business accounted for about 9% of McDonald’s revenue in 2021.
Politically, the golden arches also mattered a lot, says Trisha Starks, professor of history at the University of Arkansas and author of the forthcoming book Cigarettes and Advice.
“The American way of consuming was the decisive front of soft diplomacy in the Cold War… getting the Soviets familiar with America’s material standards was another battleground,” Starks said. Several other brands took over this role in the USSR before McDonald’s, namely Pepsi in 1972 and Marlboro in 1976.
A Soviet policeman stands in line of people waiting to enter a newly opened McDonald’s on Gorky Street in Moscow, 1990.
Peter Turnley | Historic Corbis | Getty Images
But McDonalds, unlike a can of Pepsi or a pack of Marlboro cigarettes, “was a completely immersive experience of the sensual joys of capitalism,” she said.
“From the moment you walked in, it was a completely different experience than in a Soviet restaurant. You were greeted with smiles and cries of “How can I help you?” The products were of consistent quality and always fit for consumption. The burgers were hot!”
It came as a culture shock to Soviet residents, many of whom expressed bewilderment when employees smiled at them. “When I smile, people ask what’s wrong, they think I’m laughing at them,” one Russian employee told a reporter at the opening of McDonald’s in 1990.
Russian musicians in traditional dress perform in front of the then busiest McDonald’s restaurant in the world on Pushkinskaya Square in Moscow during the celebration of the 15th anniversary of the opening of the first restaurant in Russia on January 31, 2005.
ALEXANDER MEMENOV | AFP | Getty Images
“When you were done, a worker would come and take away the trash, and the exhibition hall on Pushkin Square was kept clean, despite the fact that thousands of people came during the day – some of them waited for hours to spend a month’s salary on lunch for a family of four ”, Starks described, noting that the concept of customer service simply did not exist in the USSR. “Service was a by-product of the McDonald’s experience.”
Not all Russians complain about the departure of golden arches.
“Hello Americans… We want to thank you for all your sanctions, for taking Coca Cola, KFC, McDonald’s and all that shit out of our country. Now by the summer we will be healthy, strong and without an ass, ”- Russian influencer. comedian Natasha Krasnova wrote in an Instagram post in March that has been viewed more than 5 million times.
A mobile fast food van in Moscow, Russia, as people shop for alternative fast food after McDonald’s closed about 850 of its restaurants across the country. March 21, 2022
Sefa Karakan | Anadolu Agency | Getty Images
Many Russians are encouraging the replacement of Western chains with Russian-made brands and are now quite capable of making their own hamburgers and other fast food items. Some have also sought to abandon American-style food altogether in favor of local fare, as much of the country rejects Western symbols out of patriotism.
A view of a McDonald’s restaurant in Murmansk, Russia, the world’s northernmost city, on March 11, 2022, after the chain said it would temporarily close all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine. In May, she announced her permanent departure from Russia.
Semyon Vasilevy | Anadolu Agency | Getty Images
Many Russians feel bitter about having to deal with the consequences of a war they did not choose. These consequences pale in comparison to the horror that has befallen Ukraine, where thousands of civilians have been killed by Russian bombs and numerous cities have been reduced to rubble.
But as war rages on and Russia becomes increasingly isolated by international sanctions, time will tell how many Russians will leave their country in pursuit of the more open world they knew, and how many of them will choose loyalty to the state against of this world.
For Nishanov, this is not just McDonald’s, but something more.
“The departure of McDonald’s from Russia hit many of my generation in different ways,” he said, “I think because it represented – and I know it sounds dramatic – hope and optimism. The departure of the company confirms that Putin’s Russia is a place devoid of these two things.


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Amazon, USPS to team up for Sunday package delivery (Video)
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Amazon.com Inc. said it will use the U.S. Postal Service to bring packages to your doorstep under a new deal beginning this week in the Los Angeles and New York metropolitan areas, and next year in Dallas.
The Los Angeles Times said the Sunday service will roll out year-round next year in Dallas, New Orleans, Phoenix and other cities.
The Times said that the deal with Amazon (Nasdaq: AMZN) could be a boon for the cash-strapped Postal Service, which has been losing millions of dollars a year.
A USPS spokeswoman told the Times that while general letter delivery has been declining, package volume is "increasing in double-digit percentages."
Amazon has North Texas fulfillment centers in Haslet and Coppell.
Lance Murray edits and writes for the DBJ's website and can be reached at 214-706-7106. Subscribe to our email newsletters.
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Admiral's law firm spin-off reaps £3m in seven months by managing customers' legal claims
A law firm set up by insurer Admiral to get round a ban on selling customers’ details has made almost £3million in its first seven months of trading.
Admiral Law, a joint venture between the insurer and Bristol law firm Lyons Davidson, is handed details of Admiral customers who have been in accidents.
Previously, insurers had been selling customers’ details to ambulance-chasing law firms until the practice – known as referral fees – was banned under 2012 rules to rein in spiralling motor insurance costs, including thousands of hard-to-disprove whiplash claims.
Sea change: Admiral has got round the ban on referral fees
Many insurers set up legal subsidiaries to take on claims referrals without breaking the ban, and Admiral’s profits from its legal arm suggest the insurers will manage to recoup much of the revenue lost by the ban.
Admiral Law’s first accounts show turnover of £6million and profits before tax of £2.8million for the seven months to the end of last year.
The huge profit margin – 45 per cent – compares very favourably with the thin profits made by car insurers from their core business. The major motor insurers only recently started making more from premiums than they paid out in claims, after years of losses.
Admiral said in 2012 that it earned £7 in referral fees for every car it insured, implying that it earned almost £25million from referral fees that year.
Admiral was one of the first to set up a law firm, under separate legal changes that allowed new ownership forms for legal practices. Previously only qualified lawyers could have owned and run law firms.
It set up a separate law firm, BDE Limited, which handles claims from its other brands – Bell, Diamond and elephant.co.uk.
Accounts for BDE show it made £273,000 in profits on £1.5million of turnover in its first seven months, up to the end of December 2013.
A spokesman for Admiral said: 'Admiral does not sell customer data and never has; if one of our policyholders has a non-fault accident and suffer any uninsured losses then, only with the customer’s consent, we will put them in touch with one of our law firms.
'Admiral is committed to providing its customers with the best possible service. Bringing the provision of legal services from qualified lawyers in-house allows Admiral to administer a claim throughout the process and offer customers a materially better quality of service.'
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“We can go faster and further by digitalising shipping”: Meet Maersk Tankers’ Chief Digital Officer
It is fitting that Peter Schrøder, who tells me he has been “sailing all my life”, works for a shipping company. In fact, he recently bought a boat and promises, “when spring hits, I will be on the oceans.”
Since being appointed Maersk Tankers’ first Chief Digital Officer three years ago, Peter has been at the forefront of developing the revolutionary vessel positioning software SimTanker.
It has taken Peter a while to drop anchor at Maersk Tankers. He has picked up the experience of cutting-edge digital technology over a long and varied career.
Digital skills, he argues, are transferable from sector to sector. Peter has worked in telecoms (BT in London); interactive TV (NDS Denmark), venture capital (Partnerkapital/Vaekstfonden) and publishing (Egmont), where he developed a raft of new digital media services. “Technology is an enabler that can drive transformation and this is what I’ve done throughout my career,” he says.
“The media industry was at the forefront of digitisation – the internet revolutionised it and, therefore, business models had to change.”
Similarly, the largely analogue shipping industry was ripe for change. “It was fertile ground because shipping was not digitised as an industry, and I could see big benefits in using technology to modernise the way it operated,” says Peter.
An equally big pull for Peter was the opportunity to play a key part in reducing shipping’s carbon footprint. “Shipping plays an important role to the world and there’s huge potential to make it greener,” he says.
On joining Maersk Tankers in early 2018, he was relieved to discover that “the company’s set-up offered freedom to be creative and come up with new ideas, while also allocating significant funding to bring the ideas to life”.
Before he planted his feet under his new desk, Peter admits to concerns that the company would be “slow, old-fashioned and hierarchical”. In the event, the opposite has proved the case.
In just a few years, five key products – SimTanker, Optimise, VesselTruth, InSite Digital and Alpha – have been developed.
“It’s satisfying for me and colleagues throughout the organisation to see the fruits of our work come so quickly. The great thing about the Maersk Tankers culture is that when it decides to do something, it puts weight behind it,” says Peter.
Have there been any other surprises for the Chief Digital Officer? “The industry is much more complex than I anticipated coming from the outside. I didn’t have a clue about shipping,” he says and adds. “We can go faster and further by digitalising shipping, offering solutions that benefit shipowners and the planet - and collaboration across the industry will help us get there.”
Peter has a clutch of qualifications, in economics, mathematics, business and management, which, taken together, straddle the business and technology worlds. “I understand technology; I don’t ‘do’ technology in terms of writing the code. I can develop business ideas and strategies out of technological solutions,” he says.
And he is adamant that the future of the shipping industry is digital: “You cannot turn the clock back – it is impossible to live in an analogue world today.”
About Maersk Tankers
Maersk Tankers is a service company that provides commercial management solutions for shipowners in the tanker industry, operating one of the largest tanker fleets in the world. Our purpose is to pioneer shipping solutions for our partners and the planet. Founded in 1928, we have a century of expertise in management of tankers, which we use to develop and deploy solutions that help shipowners boost the economic and environmental performance of their vessels. Maersk Tankers employs approximately 300 employees in Denmark, Singapore, India and the U.S. and is headquartered in Copenhagen, Denmark.


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Markets Rise On Trade Hopes, Tariffs To Be Rolled-Back, No Deal On Table YetGlobal markets move higher as a Phase 1 Trade Deal draws closer. But traders are warned not to trust the global equity rally.
The Global Markets Rise On Trade Hopes
The U.S. futures are rising on mounting hope a Phase 1 Trade Deal is close at hand. Despite concerns that no venue has been set, news from China points to a growing consensus between the two parties. China’s spokesperson for the Ministry of Commerce says the two sides will simultaneously roll-back some of the tariffs that are in place. He also says that no new tariffs will be enforced. The amount of roll-back is yet to be determined, as is the wording of the agreement. With markets rising on hope there is a growing chance the signing of a Trade Deal will be a sell-the-news event.
The Dow Jones Industrial Average and NASDAQ Composite are both up about 0.55% in early Thursday trading. The S&P 500 is close behind with a gain of 0.45%. In stock news, Disney and Activision are slated to reported earnings after the close of the session. In economic news, jobless claims fell slightly over the last week and point to ongoing tightness in the labor market. Later in the session traders will be on the lookout for consumer credit figures.
The EU Market Is Up, Growth Forecast Down
The major EU markets are up in early Thursday trading despite a downgrade to 2020 growth forecasts. The EU says the 19-member Eurozone will grow a tepid 1.1% versus the 1.2% previously expected. The DAX is in the lead with an advance near 0.75% while the FTSE and CAC trail at 0.35% and 0.20% respectively.
In stock news, shares of Seimens are up more than 4.5%. The company says revenue and earnings grew faster than expected and provided a positive outlook. Shares of Unicredit are also up, about 6.2% after the company reaffirmed its guidance. Lufthansa also reaffirmed its guidance and saw its shares rise by 8.6%. In economic news, the Bank of England is expected to release a policy statement today. The statement is not expected to bring rate change but may lay the groundwork for future cuts.
Asian Markets Flat, Mixed As Trade Concerns Battle Trade Hopes
Asian markets were less buoyant in Thursday trading as concerns over trade outweighed hopes. Traders in the region are worried about the lack of venue and other potential hurdles to a final deal. The Shanghai Composite trailed the market with no gain, 0.0% move on the day, while most others posted at least a small gain. The Nikkie and Kospi are both up about 0.05% while the ASX and Hang Seng are up 1.00% and 0.57%.


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For 18 months, Jackson Racicot felt he had been belittled by his boss at Walmart.
So last week, he finally decided to quit — in the most spectacular fashion possible.
The 17-year-old, from Alberta, Canada, was working a shift at the retail giant when he took over the store’s intercom system.
The teen filmed himself accessing the system before grabbing hold of the microphone — and unleashing an epic spray on his bosses and the company.
In the one-minute video, which was uploaded to Facebook and has since gone viral, he can be clearly heard slamming the culture within Walmart.
“Attention all shoppers, associates and management, I would like to say, to all of you today, that nobody should work here — ever,” the clip begins.
“Our managers will make promises and never keep them and not only that, they will preach to us about how they care about their employees, but about a month ago my boss … called me a waste of time and management did nothing to help.
“Management will also try and save money every step of the way including cutting benefits …”
He claimed a former full-time colleague had recently had their hours cut down to part-time despite previously working 40 hours per week.
“I’ve been a loyal employee here for over a year-and-a-half, and I’m sick of all the bulls**t, bogus write-ups, and my job,” he said.
“F**k management, f**k this job, f**k Walmart,” he continued as cheers erupted before the video ended.
Warning: Strong language.
The post, which was captioned with “How I quit my job today. Like, much watch” has been viewed more than 180,000 times and has attracted thousands of likes, comments and shares.
He has received an outpouring of support from strangers around the world.
“Good for you! I have always disliked Walmart,” one Facebook user posted, while another said: “I’d hire you if I had a job to offer. You show a strong sense of ethics. You also have guts.”
“Just wanted to say good for you and I’m proud to see you standing up for yourself! I’m just a customer and we get treated pretty bad at Walmart, so I can imagine how bad they would treat their employees!” another added.
However, others criticised Mr Racicot for his use of profanities and his “entitled” attitude, while many pointed out the stunt could end up harming his long-term career.
“Now how are you going to pay the bills?” one person asked while another said: “Good way to burn a bridge. And then you posted it online so your next prospective boss can find it and decide whether he wants to hire someone that would do something like that.”
In an interview with the Star Edmonton, the teen explained he had decided to quit publicly to raise awareness of working conditions inside the company and other corporate giants.
“I want people to start boycotting it,” he told the publication.
“Don’t be treating your employees as if you own them, if they are your property. Don’t think to throw them around.”
He said he had since been contacted by a swarm of other past and present Walmart employees who shared similar stories.
And in a follow-up Facebook post, he hinted at further action.
“Attention all Walmart associates,” he posted on December 12.
“I need any and every person that has worked for a Walmart and who feels that they were mistreated to contact me on Facebook. I have a plan but I need your help to go thru (sic) with it.”
Mr Racicot told Canadian media he had already found a new job before his dramatic resignation.
In a statement obtained by the Edmonton Journal, Walmart said it was investigating the incident.
“We are aware of the video circulating online and are disappointed by this incident. Respect for all individuals including our associates and customers is a core value at Walmart,” the statement read.
“We are looking into this matter and will address it internally as required.”


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The Trust has taken a step towards business as usual with the re-opening of the Canal Centre in Loxwood today (April 14th) and the opening of online bookings for boat trips scheduled to resume in May.
The gradual easing of lockdown restrictions has meant the Canal Centre can open its doors to the public once more, offering memberships, books, maps and merchandise for sale as well as local information and news on the restoration of the canal. The centre will be manned on Wednesdays, Fridays, Saturdays and Sundays, from 11am to 3pm, until May 19th when it will open at 10am.
Boat trips are set to begin on Wednesdays and Sundays from May 19th, subject to no changes to the lifting of Covid restrictions by the Government. At present the guidelines are that from 19th May there will still be the need for social distancing and masks must be worn inside, meaning far fewer passengers can be accommodated than usual.
Three trips are scheduled for 10.30, 12 and 2pm, travelling to either Brewhurst Bridge (35 minutes) or Devil's Hole Lock (50 minutes).
Plans are also being made for a programme of special cruises once coronavirus restrictions are lifted at the end of June. More details will be posted on the website when details have been finalised.
Last week working parties resumed in small groups of six, with volunteers out in force across the length of the canal.


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With mass produced electric vehicles scheduled to come to Australia by next year and a full lineup of EVs scheduled to reach the country by 2012, charging stations will quickly become a necessity throughout the country. Coulomb Technologies is hoping to step in early and install its ChargePoint system nationwide ahead of the launch of incoming vehicles.
Coulomb Technologies has signed ChargePoint Pty Ltd to an exclusive distribution agreement throughout Australia. The company will offer is ChargePoint Networked Charging Station throughout the country and is working with various local governments and utility companies to begin several pilot projects in major cities. Coulomb is in discussion with cities such as Perth, Sydney, and Melbourne to plan the roll-out of a pilot charging project. The company plans to begin the pilot projects within the first half of next year.
As with other pilot projects underway from Coulomb, the projects main goals include determining reliability of the grid, determining consumer usage and behavior and determining additional environmental and societal impact related to charging electric vehicles.
Coulomb Technologies firmly believes that Australia will be a strong, growing market for EV technology. “We are excited about bringing Coulomb ChargePoint Networked Charging Stations to Australia and the opportunity to partner with ChargePoint Pty Ltd Australia,” said Richard Lowenthal, the Chief Executive Officer of Coulomb Technologies. “We firmly believe Australia will grow to become one of our key markets when electric cars really take off.”
The ChargePoint Networked Charging Stations are found across the globe. Coulomb and Chargepoint have combined on countless occasions in an attempt to bring the necessary EV infrastructure to countries with EV vehicles slated in the near future. With an infrastructure in place, Coulomb and ChargePoint believe that EVs will reach a mass market and entry into this market at the beginning is a key to success in the industry.
Source: Coulomb Press Release
Coulomb Technologies Charging Stations for
Electric Vehicles Come to Australia
Exclusive Australian Distributor, ChargePoint Pty Ltd, Brings Networked Charging Stations for Electric Vehicles to Australia
CAMPBELL, Calif., November 9, 2009 Coulomb Technologies, the leader in networked electric vehicle charging stations today announced it has signed ChargePoint Pty Ltd to an exclusive distribution agreement in Australia.
ChargePoint Pty Ltd now offers Coulomb’s ChargePoint® Networked Charging Stations throughout Australia and is currently in advanced discussions with a number of government and private sector partners for pilot projects in Perth, Sydney and Melbourne which are all due to commence in the first half of 2010. The pilot projects will be used to evaluate charging behavior, energy grid load analysis and environmental and societal impacts.
The first mass produced electric vehicles will arrive in Australia in 2010. Most manufacturers expected to release models in 2012, which will create demand for ChargePoint Networked Charging Stations in the local market.
“ChargePoint Pty Ltd is enabling consumers and partners to be part of the electric car revolution in Australia by providing convenient plug-in facilities and services,” said Luke Grana, Chief Executive Officer of ChargePoint Pty Ltd. “Coulomb Technologies is the only company we have found that has examined every facet of electric vehicle charging technology and developed the most comprehensive solution for partners. We are proud to have entered into this exclusive partnership to implement their technology in our market.”
“We are excited about bringing Coulomb ChargePoint Networked Charging Stations to Australia and the opportunity to partner with ChargePoint Pty Ltd Australia,” said Richard Lowenthal, the Chief Executive Officer of Coulomb Technologies. “We firmly believe Australia will grow to become one of our key markets when electric cars really take off.”
Senior Research Fellow in smart grids and electric vehicles from Curtin University in West Australia, Dr. Andrew Simpson, says not only will consumers benefit from electric vehicle transportation, this technology will also improve the management of network loads for energy providers.
“Numerous studies have shown that there is the capacity for many electric vehicles to charge at off-peak times which can utilize grid assets more-effectively. This means cheap energy can be sold to electric motorists through infrastructure such as the ChargePoint® Network.
“There is a heightened awareness that electric transport is the way forward – electric cars are more sustainable, they will be affordable and can potentially emit zero emissions. The increasing support of governments, energy companies and consumers will result in the rapid expansion of this market in the coming years,” he said.
About ChargePoint Pty Ltd
ChargePoint Pty Ltd, with headquarters in Sydney, is considered a pioneer in the
e-mobility industry. The ChargePoint Network enables electric vehicle drivers the convenience of charging their battery at home, and public locations including curbside, workplace and shopping centers. Consumers subscribe to the ChargePoint Network and receive a ChargePoint Smart Card that allows them to charge their car at any ChargePoint Networked Charging Station Australia wide. The ChargePoint Network includes charging stations, consumer subscription plans and utility grid management technology for electric utility companies to smooth electrical demands on the grid. For more information on ChargePoint Pty Ltd, visit: www.chargepoint.com.au
About Coulomb Technologies, Inc.
Coulomb Technologies is the leader in electric vehicle charging station infrastructure with networked charging stations installed in municipalities and organizations worldwide. Coulomb provides a vehicle-charging infrastructure, which includes an open system driver network: the ChargePoint Network provides multiple web-based portals for Hosts, Fleet managers, Subscribers, and Utilities http://www.mychargepoint.net, and ChargePoint Networked Charging Stations ranging in capability from 120V 16A to 240V 80A AC charging to future 120kW DC charging, and all US charging stations are SAE J1772™ compliant. For more information, please visit http://www.coulombtech.com and follow Coulomb on Twitter at http://twitter.com/coulombevi.


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The Information Commissioner’s Office releases a series of tips to help small businesses improve their data security strategies
The Information Commissioner’s Office (ICO) is tasked with the challenge of ensuring UK businesses and organisations are complying with the laws laid out by a number of legislative acts designed to protect the privacy of the general public, and this has proved especially important in the age of the internet.
Indeed, with the vast majority of companies in every sector thought to be taking steps to adapt to the online world, it is important for a regulatory body to ensure that both public and private firms have the necessary measures in place to properly protect any sensitive information that they store digitally.
And given that a number of data breach incidents in recent years has resulted in the ICO having to hand out fines to a range of offenders, the government body has now issued a set of guidelines designed to help small businesses secure their systems effectively.
"Since November 2010 the Information Commissioner’s Office has had to serve civil monetary penalties totalling over £1.5 million on organisations that failed to take the necessary measures to keep people’s information secure," said the Information Commissioner, Christopher Graham.
"This guidance is not just about minimising risk. Businesses that prioritise the safety of their customers’ personal data will have a real competitive advantage."
Keeping systems up to date and securing data on the move are both among the tips devised to aid businesses in the process of ensuring that their data protection strategies are efficient and comply with the law, and it also seems that this could help build on their productivity.
What’s more, with keeping an eye out for problems and making sure that people know what they’re doing when handling sensitive files also listed as important, it appears that regular checks and maintenance are the best way to guarantee that confidential information is not exposed.


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LG Optimus G specs leak revealing the manufacturer's most beastly smartphone yet
AsiaToday are legitimate, the company is working on its most powerful smartphone to date, a model that will allow LG to compete with the Samsung Galaxy S III. The device is allegedly called the LG Optimus G and for starters, it is expected to offer a 4.7 inch TrueHD (no Pentile display here) IPS screen with a quad-core processor of unknown make under the hood. 2GB of RAM will be on board this beast along with a 13MP camera. The unit will support Voice over LTE technology and the latest Optimus UI will run on top of Android 4.0.
This is similar to how LG competed against the Samsung GALAXY Note phablet. After the device had been out for a while, LG introduced its own phablet, the LG Optimus Vu which has already been released in Korea and Japan and will get a more global launch next month. As for the rumored LG Optimus G, it would be great if we could remove this from the speculation pile and see this beast on display at the upcoming IFA in Berlin at the end of this month.
We do have to add that this sounds suspiciously similar to the LG Eclipse, expected to be heading to Sprint and AT&T this October.
If the LG Optimus G does get released, will it give the Samsung Galaxy S III a run for the money?
source: AsiaToday (translated) via Phandroid
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New York, March 08, 2021 (GLOBE NEWSWIRE) — Reportlinker.com pronounces the discharge of the report “Blockchain In Agriculture And Meals Provide Chain International Market Report 2021: COVID-19 Progress And Change” – https://www.reportlinker.com/p06033652/?utm_source=GNW
87 million in 2020 to $189.48 million in 2021 at a compound annual progress fee (CAGR) of 47%. The expansion is principally because of the firms resuming their operations and adapting to the brand new regular whereas recovering from the COVID-19 affect, which had earlier led to restrictive containment measures involving social distancing, distant working, and the closure of economic actions that resulted in operational challenges. The market is anticipated to succeed in $886.18 million in 2025 at a CAGR of 47.1%.
The blockchain in agriculture and meals provide chain market consists of gross sales of blockchain companies within the agriculture and meals provide chain by entities (organizations, sole merchants and partnerships) that present blockchain companies to the agriculture and meals provide chain.Blockchain know-how permits the traceability of knowledge within the meals provide chain and thus helps enhance meals security.
It additionally offers a safe means of storing and managing information, which facilitates the event and use of data-driven improvements for sensible farming and sensible index-based agriculture insurance coverage.
The blockchain in agriculture and meals provide chain market lined within the report is segmented by kind into public blockchain, personal blockchain, consortium/hybrid blockchain; by stakeholder into growers, meals producers/processors, retailers; by software into product traceability, monitoring, and visibility, cost and settlement, sensible contracts, governance, danger and compliance administration.
North America was the biggest area within the blockchain in agriculture and meals provide chain market in 2020. The areas lined on this report are Asia-Pacific, Western Europe, Jap Europe, North America, South America, Center East and Africa.
Blockchain in meals and agriculture market will be costly and this may hinder market progress.Acquiring the info uploaded to a blockchain will be expensive, and this may create a barrier to the adoption of blockchain know-how within the agricultural sector.
As an illustration, the DNA of livestock animals may very well be costly.The common price of knowledge assortment is decrease for bigger farms than smaller ones, which raises the priority of accelerating the earnings discrepancy.
Due to this fact, acquiring information in a blockchain is pricey and hinders market progress.
In April 2020, Nestle, a Swiss food and drinks processing firm, partnered with a celebration certifier, The Rainforest Alliance, to independently present information past what’s often disclosed by the corporate.Nestle has expanded the usage of the IBM Meals Belief blockchain know-how platform within the launch of Zoégas complete beans and roast and floor espresso in Sweden.
The Rainforest Alliance offers data concerning the traceability of the espresso and the knowledge is accessible to everybody with the IBM Meals Belief blockchain platform.
The blockchain in agriculture and meals provide chain market was supported by the elevated demand for small and medium enterprises in blockchain in agriculture and meals provide chain market.That is primarily attributable to bigger companies are investing closely in growing their present options, whereas new companies are producing unique options consistent with the wants of their nationwide and regional markets.
In line with NASSCOM 2019 report, there are greater than 450 startups within the agritech sector at a year-on-year progress fee of 25%.As an illustration, Agridigital is an Australian startup that makes use of blockchain to help the Australian grains business.
It helps to trace and handle grains as they transfer all through the worth chain. Thus, the rise in small and medium enterprises is anticipated to drive the blockchain in agriculture and meals provide chain market in the course of the forecast interval.
Using blockchain with IoT is an rising development adopted by firms within the blockchain in agriculture and meals provide chain market.Firms are utilizing blockchain to safe information in IoT gadgets.
IoT entails a system of gadgets that may gather, switch, and retailer information over a wi-fi community.Using blockchain with IoT gadgets permits sensible gadgets to alternate information and different monetary transactions in a scalable, personal, and dependable method.
Blockchain know-how with IoT additional helps companies to share and entry information with out the necessity for central management and administration. As an illustration, in accordance with an article revealed in Thales in 2019, the usage of blockchain in IoT gadgets has doubled and a majority of the group plans to think about blockchain know-how shortly.
The nations lined out there report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Learn the total report: https://www.reportlinker.com/p06033652/?utm_source=GNW
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