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Ethiopia has the largest area of bamboo in Africa. However, this green gold is poorly managed and exploited, say experts, investors.
Bamboo Senior Expert and Technologist, Mulatu Teshale agrees upon the aforesaid statement. He says bamboo in Ethiopia is not well utilized beyond construction of a houses, boats, fencing, house furniture and equipment. Thus, its huge economic contribution is underestimated and unable to play its stake in generating foreign currency accordingly.
Ethiopia, which has 67 percent of bamboo cultivation potential in Africa, could have been generating 60 million Birr per annum from its bamboo forests. So far, raw bamboo has been exporting to Middle East and in other Africa countries like Sudan, Mulatu remarks.
According to him, in the highland and lowland parts of the country, over 15 types of bamboo plants are available. Though there is a huge bamboo potential in western parts, the resource has not been widely exploited.
Ethiopian Environment and Forest Research Institutes Wood Technology Research Center Senior Researcher, Seyoum Kelemwork states that the different bamboo species, that are found in Ethiopia are proved to be stronger and more suitable for different types of purposes than foreign species. Ethiopia's bamboo species are more suitable for production of textiles, paper and pulp production, apparel, among others.
Environment, Forest and Climate Change Ministry Senior Expert, Bamboo Focal Person, Ashebir Wondimu opines that decade ago, bamboo was growing highly in Beneshangul State and it was exported. Since then, there is no satisfactory improvements in exporting bamboo to foreign market.
Conversely, the nation has now started exporting bamboo products. Indeed, there are some manufacturers who are producing various equipment for export purpose.
Adal Industries PLC is a Company engaged in bamboo production for the past 31 years. Though much of its products are for local consumption, it has also been exporting toothpick to the international market, Adane Berehe Company's General Manager states.
"The big challenge is finding export market for our products made out of bamboo." For this, he stated that the Company is conducting research on the type of bamboo products which are highly demanded by the international market.
As to Mulatu, currently, three companies are engaged in development of products made out of bamboo—Bamboo Star Agro-forestry, ADAL Industry and African Bamboo. Though these manufacturers have crucial roles in promoting the products, it is unthinkable to gain the desired foreign currency from the plant.
Seyoum says, due to the gap in supply, most business persons in Ethiopia are dependent on Chinese bamboo species for their products. As a result, Ethiopia has become a market place for foreign bamboo products instead of utilizing its large bamboo forests. To end this and tap its resource, it is vital to develop and manage bamboo forests properly, he stresses.
If the country develops its bamboo resource, it can substitute imported wooden products and become major exporter, Ashebir reflects his idea.
"If we can produce bamboo products with the desired standard and quantified levels to the international market, there is an encouraging situation in Ethiopia to export multifaceted products." Adane says.
Presently, the Company is striving to enhance the quality of its bamboo products and export them to the international market at competitive price.
Currently, the Company is exporting bamboo sticks to Indian incense stick producing companies and factories in Egypt, Sudan will be its next market destination, as Adane utters.
Strengthening and enhancing the sector through applying various bamboo technologies is a task that is left to investors engaged the sector. "If this is possible, we (investors) could generate foreign currency that is used to import raw materials," Adane says.
According to Adane he had traveled to China to purchase modern manufacturing equipment. This has helped him to expand his product items from toothpicks to flooring and curtains.
As a solution, practical policies should be put in place at the local, national and regional level to fully realize bamboo potential," he suggests adding that "Like other countries, devising curriculum in bamboo productions is decisive to promote the sector."
Ashebir capitalizes that the Ministry is also planning to open bamboo training center to fill manufacturer's knowledge gap. According to him, the ten year bamboo strategy which is going to be ratified shortly would give direction on how the nation gets benefit out of the sector. It is also addresses hindrances on the value chain process among producers and cultivators.
The strategy will enable the country to properly develop, manage and utilize bamboo forests. Equally, it enables it develop the four million hectares of land, including the recently identified three million hectares. Moreover, it is considered to attract more companies to the area, he adds.
Six of the regional states in Ethiopia—Amhara, Benishangul-Gumaz, Gambella, Oromiya, Southern Nations Nationalities and Peoples', and Tigray—have huge potential for bamboo cultivation.


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Days after Barneys New York was sold for pieces, the store-closing sales have started. But a warning before you run out the door: it’s a very Barneys kind of sale, at least for now.
You’ll find a $1,690 Chloe bag for a mere 5 percent off. That’s an $85 savings. You could grab an Altuzarra sweater for $625.50, marked down from $695. Or you can wait and play chicken — the luxury retail version — with B. Riley Financial’s Great American Group, the liquidation specialists running the sales.
The discounts, which account for the desirability of each item and its sales history, will initially be minimal. But they should increase during the course of the sale “based on a somewhat mathematical, somewhat artful formula,” said Scott Carpenter, president of retail solutions at Great American Group.
The firm hopes to sell the bulk of merchandise by the end of December but is prepared to run sales into February depending on how it fares. (Competing stores generally begin their holiday sales around Nov. 20, which gives Barneys a two-week lead on pocketbooks.)
Offloading the luxury wares from Barneys’ five full-price stores, two outlets and its websites is a departure from other liquidations that the firm has overseen in recent memory, including Toys ‘R’ Us and Payless Shoe Source.
The $271 million deal for Barneys sold the beleaguered department store in two parts: its intellectual property went to the licensing firm, Authentic Brands Group, while its assets, including reams of designer shoes, tuxedos, coats and more, were purchased by B. Riley.
Authentic Brands, whose plans for the brand include licensing it to Saks Fifth Avenue for shop-in-shops, may operate stores named Barneys in the future. However, Mr. Carpenter said that his firm “will sell every stitch of product” in its current locations, shuttering Barneys as it is known today. As part of an agreement with Authentic Brands, the sales are being referred to as “store closing sales” rather than “going out of business” sales.
Executives at many of the high-end brands stocked at Barneys are holding their breath, hoping the sale is not too disruptive. Some are trying to buy back their merchandise. LVMH Moët Hennessy Louis Vuitton is the only vendor with an agreement that says its goods cannot be discounted, which it struck with Barneys after the retailer filed for bankruptcy in August, Mr. Carpenter said.
He added that LVMH — whose labels include Celine and Givenchy — even has the right to pull its goods entirely, though the luxury goods purveyor has not done that yet. He noted that store closing sales often double store traffic, which can benefit even full-price brands.
When Barneys filed for bankruptcy, its biggest unsecured creditors included The Row, with a $3.7 million claim, Yves Saint Laurent, with a $2.2 million claim, and Balenciaga, with a $2.1 million claim. Others on the list were Celine, Gucci, Prada, Chloe and Azzedine Alaia.
The retail value of all of the company’s merchandise right now is about $500 million, Mr. Carpenter said.
“We’ve been contacted by a number of vendors that want to buy their product back, but we haven’t made any agreements with any of them,” he said.
“We’re open to talking to them but generally speaking, they want to buy their stuff back at a discount — I’d rather sell it to you at a discount,” he said. “Some have indicated they might just go into a store and buy the product if they want to do that.”
Vanessa Friedman contributed reporting.

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Time Warner executives didn’t give too much insight into the recently launched Home Box Office standalone product HBO Now, but told analysts that the product could be beefed up in the future with additional content from its Turner Broadcasting Networks.
On a conference call with analysts to discuss first quarter results, HBO CEO Richard Plepler said he was pleased with the HBO Now launch, adding that the product “got out of the gate very fast,” but offered no hard numbers. HBO Now debuted on April 7 on Apple TV and through Cablevision Systems. Time Warner is talking with other potential distributors about carrying the standalone channel and Plepler said more deals are expected.
“We are having very productive conversations with our traditional partners,” Plepler said on the conference call. “I suspect by the end of the year we will have more deals with them for HBO Now as well.”
HBO Now is initially being targeted to broadband only customers, which Time Warner estimates includes about 10 million homes. But the company said it also is eyeing the pay TV customers that don’t subscribe to the premium channel as potential customers.
That has caused some to speculate that HBO Now could eventually include other channels in the Turner stable, a possibility that the company said is being considered.
“There is no barrier to expanding what that content could be,” Plepler said. “We have an open mind about that our cousins at Warner Bros. and Turner could certainly be a part of that. We’re very flexible about what could evolve as the content for HBO Now.”
Chairman and CEO Jeff Bewkes said Time Warner also is open to offering content to a possible future over-the-top offering from Apple, which he said he believes will eventually happen. Aside from the HBO Now-Apple TV relationship, Bewkes added that its CNN network is available on the Apple Watch and its CNN Go app is on Apple TV.
“There is a lot of energy and innovation around VOD that is getting supercharged by the capacity of Internet-delivered and broadband-delivered, to really bring good interfaces to consumers’ homes. If you have great channels and no weak channels, which I think is the position of Time Warner, all of these developments are something we welcome and we think is going to be good for traditional distributors too, to reinvigorate their packages and their marketing of channel packages that consumers want.”
Bewkes has been a proponent of skinny bundles, pared down channel packages that offer consumers fewer channels at lower prices. But he declined to comment on one of the newest skinny bundles to emerge – Verizon FiOS TV’s Custom TV package.
ESPN sued Verizon in state Supreme Court in New York earlier this week over Custom TV, stating the package violates its existing carriage agreement.
Bewkes wouldn’t comment on Turner’s agreements with Verizon, but added the concept of skinny packaging is long overdue.
“We feel very good about our contracts and how they protect our networks, but more important than that we feel good about the strength and concentration and reach of our networks,” Bewkes said. “…To the extent that distributors are able to create packages that are more attractive to consumers, given the networks we have, we think that is great for both consumers and for our networks.”


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Former diplomat on trade tensions, Biden’s trade policy
Higher US tariffs on Chinese goods are hurting US businesses and consumers, and it would be “wise” to reduce those levies, a former US diplomat and trade negotiator said Thursday.
If the two countries reduced each other’s tariffs, their relationship could improve, said Frank Lavin, former U.S. Ambassador to Singapore and Under Secretary of Commerce for International Trade.
He told CNBC that a “mutual reduction” in tariffs would also allow the United States to address long-standing concerns about China’s trade practices.
Lavin was asked what advice he would give the Biden administration on its policy toward China.
“I would say don’t walk away from the problem, there are serious business issues out there and I think a lot of the criticisms of President Trump were valid, so don’t give up on this agenda,” Lavin, now CEO and founder of the consulting firm Export Now, “Street Signs Asia” told CNBC.
Flags of the United States and China displayed on a table before a meeting.
Jason Lee | AFP | Getty Images
“But I think in the same breath, it would be wise to remove the tariffs because the tariffs hurt American businesses, American consumers, American workers just as they hurt the Chinese economy,” he added. .
U.S.-China trade tensions escalated under former President Donald Trump, with both sides escalating tariffs on each other’s goods worth billions of dollars. The trade dispute has since spilled over into technology and finance.
President Joe Biden’s administration has indicated it will continue to be tough on China. US Trade Representative Katherine Tai said last week that the administration was conducting a “comprehensive review” of its trade policy with China.
Companies in the United States and other countries have long complained about unequal access to Chinese markets, lack of intellectual property protection, and the forced transfer of technology.
Chinese President Xi Jinping has said Beijing would continue to work with other countries and reduce tariffs – although it did not specifically mention the United States by name.
Still, Lavin said the United States could keep Xi at his word by continuing to cut tariffs and improve relations.
“So I would say that if we can just have a mutual reduction in these rates, we will have a better working relationship,” Lavin said. “And then let’s start tackling some of these trade issues one by one and help China meet global standards.”
– CNBC’s Evelyn Cheng contributed to this report.


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CHICAGO—Hyatt Hotels Corporation has launched World of Hyatt, a new global platform to promote understanding and unity. The brand will debut its message during the 89th Oscars broadcast as part of “For a World of Understanding,” an integrated marketing campaign, leveraging a series of personal vignettes.
“World of Hyatt is an expression of who we are,” said Mark Hoplamazian, president and CEO, Hyatt Hotels Corporation. “It’s a platform powered by our purpose—caring for people so they can be their best—and it inspires how we engage with guests, interact with colleagues and owners, and operate our business. Importantly, it’s designed to deepen our relationship with our community beyond traditional hotel stays.”
The anthem features Grammy nominated recording artist Andra Day singing, “What the World Needs Now is Love.” Created by MullenLowe, the spot was filmed earlier this year in Thailand, Morocco and Spain, and explores how people from different cultures unite through simple human connections, according to the brand.
“We knew there was a great opportunity to not only craft something very honest, authentic and true to the Hyatt brand but also create something resonant at a time when the world really needs it,” said Tim Vaccarino, executive creative director, MullenLowe. “It’s the small things that can have an amazing impact, things everyone is capable of; a knowing glance, a smile, an outstretched hand. These things transcend race, language and culture.”
The global campaign will extend across TV, digital, social, out-of-home, in-hotel, print and events throughout 2017 with an emphasis in the U.S., China and India.
In addition, World of Hyatt is collaborating with non-profits, Learning AFAR and No Barriers USA, to support a program designed to inspire transformational learning. World of Hyatt is also supporting Chicago Public School students to participate in an immersive four-to-six month curriculum, culminating in a 10-day excursion to Costa Rica. Students will explore the country’s culture to foster personal growth and leadership skills.
The World of Hyatt loyalty program will go live on March 1. The tier names—Discoverist, Explorist and Globalist—reflect the aspirations of members as they travel and expand their world, according to the brand.
“With World of Hyatt, we don’t just want to welcome you to our world, we want to understand yours,” said Jeff Zidell, SVP, loyalty, Hyatt. “We listened and reimagined our loyalty program to emphasize more meaningful rewards and benefits at every level. More than just great locations, luxurious rooms and amenities, World of Hyatt is about connecting you to the people, places and experiences at the heart of your world.”


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Rights to the comic behind the popular South Korean Netflix series "Hellbound" has been sold to eleven countries.
Its publisher Munhakdongne Publishing Group said Wednesday that licensing rights were sold to the U.S., Japan, France, Italy, Germany, Spain and Taiwan, among others.
A Japanese edition has already been published by Futabasha Publishers, while in the U.S., graphic novels powerhouse Dark Horse Comics snapped up the rights.
An official at Munhakdongne said that "Hellbound" caught the attention of global publishing houses from early on and that the competition was stiff. He added firms that purchased the rights paid a large sum.
The South Korean fantasy horror directed by Yeon Sang-ho who also co-wrote the original webtoon has been topping the Netflix global TV series chart.


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Man dies after incident at Zehrs store in Fergus
Police are investigating the sudden death of a man following an incident at a Zehrs retail store in Fergus.
The Ontario Provincial Police said officers were called to the store on Tower Street South at around 6:45 p.m. on Friday after a man “suffered serious trauma and required medical attention.”
The man was rushed to hospital where he was pronounced dead. The man’s identity is being withheld at this time.
Police said an investigation is ongoing and this is believed to have been an isolated incident.
No further information has been released.


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FMC Corporation FMC is poised to gain from strong demand for its herbicides and insecticides and its efforts to expand product portfolio and boost market position amid certain headwinds including raw material cost inflation.
Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.
Factors Aiding FMC
FMC is benefiting from higher demand for its products, its portfolio strength and new product launches, which is driving its revenues as witnessed in the last reported quarter.
In Latin America, FMC is witnessing healthy demand from sugarcane growers in Brazil as well as solid demand for herbicides in soybean applications in Argentina. Strong demand for herbicides and insecticides is also driving the company’s agriculture business in North America. It is seeing strength across Rynaxypyr and Cyazypyr insect control products in that region.
Strong demand for insecticides is also driving volumes in Asia. The company expects the global crop protection market to grow in the low-single digits in 2020 with strongest growth in Asia. It also expects growth in the crop protection market in Brazil to be driven by soybeans and corn.
Moreover, the company remains committed to expand its market position and strengthen portfolio. It is focused on investing in technologies and products as well as new launches to enhance value to the farmers. Product introductions are expected to support its results in this year. The company expects new products to contribute roughly 1.5% of overall volume growth in 2020.
FMC also remains committed to return value to shareholders leveraging healthy cash flows. It generated free cash flow of $302 million in 2019. FMC expects free cash flow of $425-$525 million in 2020.
The company, in late 2019, hiked its quarterly dividend by 10% to 44 cents per share. It also repurchased $400 million of shares in 2019 and expects to buyback $400-$500 million of its shares in 2020.
A Few Worries
FMC is exposed to challenges from higher raw material costs, partly due to supply disruptions in China amid the coronavirus outbreak. The company also faces headwind from higher tariffs.
The company witnessed an unfavorable impact of $25 million from raw material cost inflation and tariffs on adjusted EBITDA in the fourth quarter of 2019. Headwinds related to higher costs were $167 million in 2019. The company also sees $32 million cost headwind in the first quarter of 2020. FMC envisions raw material cost headwind to persist through the first half of 2020.
FMC also faces headwind from unfavorable currency translation. Currency had an unfavorable impact of 3% on its sales for full-year 2019. Unfavorable impact on adjusted EBITDA was $61 million for 2019. FMC sees currency headwind on EBITDA of $45 million for full-year 2020. Currency impact for the first quarter is forecast to be $16 million.
FMC Corporation Price and Consensus
FMC Corporation price-consensus-chart | FMC Corporation Quote
Stocks to Consider
Better-ranked stocks worth considering in the basic materials space are Franco-Nevada Corporation FNV, NovaGold Resources Inc. NG and Daqo New Energy Corp. DQ.
Franco-Nevada has a projected earnings growth rate of 24.2% for 2020. The company’s shares have rallied roughly 30% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NovaGold has a projected earnings growth rate of 11.1% for 2020. It currently carries a Zacks Rank #2 (Buy). The company’s shares have surged roughly 62% in a year.
Daqo New Energy has a projected earnings growth rate of 336.1% for 2020. The company’s shares have rallied around 40% in a year. It currently carries a Zacks Rank #2.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Tory rebels sink plan to ease Sunday trading laws to help retailers recover from the coronavirus lockdown
- Government had considered plans to increase Sunday trading hours for shops
- However, backbenchers rebelled and saw it cut from Business and Planning Bill
- The move had received support from Chancellor Rishi Sunak and Boris Johnson
- It was hoped temporarily relaxing opening restrictions could boost recovery
- Here’s how to help people impacted by Covid-19
Plans to relax Sunday trading laws have been shelved in the face of mounting Tory opposition.
Ministers had floated the idea of a ‘temporary’ relaxation of the restrictions to help retailers recover from the impact of the coronavirus.
Boris Johnson, Chancellor Rishi Sunak and Business Secretary Alok Sharma were all said to back the idea.
Plans to relax Sunday trading rules are set to be dropped after a Tory backbench rebellion
But Government sources last night confirmed that legal changes needed to bring the idea into force have been dropped from this week’s Business and Planning Bill after a backlash from Tory MPs.
Downing Street insisted that the idea has not been completely ditched, with the PM’s official spokesman saying it was ‘under review’.
But a senior Tory said the plan was ‘dead in the water’ following the response by traditionalist MPs who fear a negative impact on family life if more parents are asked to work on Sundays.
Chancellor Rishi Sunak had been among the Cabinet ministers to support the idea
At least 50 Conservative MPs, including former Cabinet minister David Jones, have backed a letter to the PM urging him to drop the plan.
The authors said that while they supported ambitions to stimulate the economy, ‘removing Sunday trading hours will not achieve this’.
They said changing the law would ‘harm local shops’ by displacing trade to out-of-town superstores.
They added: ‘Sunday represents an important common day of rest where families and communities can spend time together
‘Keeping Sundays just a little bit special provides an opportunity for communities to come together and individuals to pause, reflect and recharge for the working week ahead.’
Under the Sunday Trading Act 1994, large shops can open for trade between 10am and 6pm
Under the Sunday Trading Act 1994, small shops are allowed to operate normal hours but large stores can open for no more than six consecutive hours between 10am and 6pm.
Ministers had drawn up plans for a ‘temporary’ relaxation of the rules to help retailers hit by the lockdown and encourage consumer spending.
Government chief whip Mark Spencer warned the Prime Minister he was facing a major rebellion over the move.
With Labour also opposed to relaxing the Sunday trading laws, Mr Spencer warned there was a real risk of a damaging government defeat.
Source: Read Full Article


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The Songyo Foodstuff Factory has upgraded over a dozen facilities and is putting much of its production on a modern technical footing.
Countless new products are being created by the energetic workers of the Taedonggang General Fruit Processing Factory.
A small factory nestled in a forest outside Pyongyang is making a large contribution to the health and wellbeing of the people.
The Taedonggang Battery Factory is introducing recycling processes which has sharply reduced waste and potential pollutants.
The Pyongyang Building Materials Factory is enriching the life of citizens with the production of quality materials by their own strength.
The Sinuiju Cosmetics Factory has been producing its own cosmetic products for the people for over 70 years.
The Kumsanpho Fish Pickling Factory tells another story of the Chairman’s love for the people.
The Pyongyang Cornstarch Factory is introducing many new quality control measures in its production lines.
Ryang Hyon Chan began work at the Phyongchong Daily Necessities Factory 20 years ago and is now considered a treasure to their unit.
The East Pyongyang Metal Fixture Factory is introducing recycling and other innovations into its production.
The Onchon Daesong Foodstuff Factory is planting thousands of trees and introducing advanced technical upgrades.
The Taedonggang Furniture Factory is raising production while using fewer materials by applying advanced science and technology.
Workers of the Pyongyang Musical Instruments Factory are pooling their wisdom and skill to produce famous world-class goods.
Technical upgrades being made across the country in drive to increase the diversity and quality of consumer goods for the people.
Anti-epidemic work ongoing across the DPRK as all sectors devote more efforts to maintaining emergency system.
Products made by the Huichon Hard Glassware Factory in Jagang Province are gaining popularity because of their quality.
The Kim Jong Thae Electric Locomotive Factory in introducing many cutting-edge technical innovations.
Sugar extracted from corn is in widespread use across the self-reliant DPRK.
The Pyongyang Rayon Yarn Factory is increasing production through embracing science and raising employees’ technical knowledge.
The Aeguk Stone Dressing Plant is producing tens of thousands of cubic meters of quality stone for many new structures.
Along with the development of local industry in the DPRK, the people’s living is improving day by day.
Bag and school supplies factories across the DPRK are directing efforts towards increasing production.
The Pyongyang Kim Jong Suk Silk Mill has provided its workers with a beautiful surrounding environment improving their cultural living.
Premier calls for modernizing all production processes with their own technology and domestic raw materials.
Industrial units across the country are benefiting from raising worker’s technical knowledge through sci-tech studies.


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Dan Schulman (CEO of PayPal) announced that the company is developing a new super app portfolio. This project is now in the final stages. PayPal users will soon be able to access extra crypto capabilities.
In an interview with Earnings Call, Dan Schulman, CEO of the company, said that the company would improve its digital content services. The company will provide users with an updated version of its application.
Schulman assured that they are already at the coding stage of the application. The U.S. corporation hopes to offer a new line of services over the next few months. Yet, only US-based users will have access to the service for the initial period.
Super app includes advanced Al’s & machine learning capabilities. This will ensure that every account is unique and will be driven by Al(Artificial intelligence).
PayPal recently raised the limit for purchasing digital content. Registered PayPal customers can now buy up to $100,000 in cryptocurrencies per week without any monthly or annual limits.
As part of our efforts to meet the ever-changing needs of our customers, we are pleased to announce that we have recently raised cryptocurrency purchase limits for eligible PayPal customers in the United States to $100,000 per week without an annual purchase limit.
PayPal revenue reached $6 billion in the first quarter of 2021. CEO Dan Schulman mentioned cryptocurrencies as the key driver behind the incredible results. He also points out that cryptocurrency traders on the platform show great interest in digital assets. More than half of them open trading accounts with PayPal every month.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.


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In April 2016, Tracy Weinzettel took her sweet pug and companion, Milo, in for a routine appointment at an area dog grooming business.
But that day took a tragic turn. Milo suddenly died while getting his nails clipped, according to Weinzettel and the groomer.
Locally and nationally, deaths at groomers are rare. But unlike human hair salons and similar services, there are no standards and regulations for dog groomers. Across the nation, professionals in the pet grooming industry are working on creating standards of care to ensure safety.
“As rare as [deaths and injuries] are, we want to do everything we can to reduce that number to as close to zero as possible,” President of the Pet Industry Joint Advisory Council Mike Bober said. The council was part of the group of industry representatives who came up with the standards.
Rules and regulations
No licenses or certifications are required for a dog groomer to operate. Zoning ordinances put pet groomers under the category of “permitted use,” which means they don’t have special requirements in order to do business, said Bryan Tucker, planning division manager for the city of Savage. Other businesses that do have special requirements include auto repair shops, day care facilities and fast food drive-throughs, he said.
State and federal officials have not created laws or regulations for dog groomers and the Minnesota Department of Commerce only enforces laws governing financial-related companies, spokesman Ross Corson said. And the state’s Board of Animal Health regulates kennels and breeders, but not dog groomers, said Michael Crusan, communications director for the Minnesota Board of Animal Health. The Attorney General’s office is another place consumers can go with complaints, though it is often focused on law enforcement.
Minnesota lawmakers did, however, create a law to protect animals from cruelty which local officials could use if something does happen.
The lack of rules and regulations for dog groomers is an issue nationwide as dogs have died or suffered injuries from negligent groomers, hot dryers or a variety of other issues.
“We definitely support any stronger regulations of the grooming industry,” said Sarah Preston, associate director of PETA’s Cruelty Investigations Department.
Executive Director of the Scott-Carver Humane Society Mandi Wyman said perhaps more important than industry regulations is a groomer’s reputation, which consumers can learn by talking to trusted friends or searching online reviews.
“A lot of groomers build their business based on reputation and word of mouth,” she said. “I think that’s huge.”
In fall 2015, the Professional Pet Groomers and Stylists Alliance developed professional standards of care, safety and sanitation in response to deaths at dog groomers, Bober said.
In addition to new standards, some schools have been established to try to provide professional standards and credibility.
“Thank God it doesn’t happen very often,” said Jeffrey Reynolds, executive director of the National Dog Groomers Association.
What consumers can do
Here’s what consumers can do if they experience any problems at a pet groomer: File claims with the Better Business Bureau, leave reviews on Yelp, Google or Facebook or file a police report.
Savage Police Chief Rodney Seurer said people need to report issues of neglect, abuse or injury.
“Owners need to realize that pets are like family members,” he said.
If they receive a complaint call, Seurer said, they will investigate as they do with any case.
“It’s not clear cut,” he said.
He emphasized that people need to follow the “if you see something, say something” rule, as with other issues throughout the city.
“Animal owners are our eyes and ears,” he said.
The details surrounding Milo’s death remain a mystery. But Weinzettel is haunted by what happened to her dog and would like to see stronger regulations in the industry.
“[Dog groomers] have to be held accountable,” she said.


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After a two-year hiatus due to the COVID-19 outbreak, Tough Gorilla Ventures has announced the return of the island’s iconic cycling event, Langkawi Legendary Ride in September this year, in its efforts to revive Langkawi’s economy with the reopening of the international border recently.
The second edition of Langkawi Legendary Ride will take place on September 10 and will see cyclists competing in three different categories namely Legendary Ride (101 kilometers), Eagle Ride (60 kilometers) and Mahsuri Ride (30 kilometers). The flag-off ceremonies of all three categories will be held at Dataran Marmar, Langkawi.
The event is supported by Langkawi Development Authority (LADA), Tourism Malaysia and Kedah State Government. By tapping and recognising the potential of sports tourism, LADA hopes to move up a gear in promoting the island through Langkawi Legendary Ride and reaching out to the cycling enthusiast including travel trade worldwide as Langkawi is poised to become the leading cycling tourism (cyclotourism) destination in Malaysia.
The launching ceremony took place in Laman Padi Chenang in the presence of the honorary guest, Chief Executive Officer of Langkawi Development Authority (LADA), Nasaruddin Abdul Muttalib.
Speaking at the launch of the event, CEO of LADA, Nasaruddin Abdul Muttalib said he strongly believes that Langkawi Legendary Ride is crucial in making a difference in the competitive scenario within the sports tourism industry and the platform will speed up the island’s target to reach 2.5 million arrivals by year-end.
“Sports tourism is part of our focus in promoting domestic tourism in Langkawi and we recognised it as one of the upcoming tourism markets with significant economic potential. Langkawi has been well known as the main hub for organising world-class cycling events such as Le Tour de Langkawi and IRONMAN Malaysia.
With the organisation of Langkawi Legendary Ride, it will bring in new sources of business opportunities for the locals and further boosts the sports tourism in Langkawi and subsequently, Malaysia, we would also like to thank our new sponsor Langkawi PURE mineral water for coming forward to support this event” he added.
Organiser’s stressed that this year’s Langkawi Legendary ride will still have prevailing safe management measures in place to safeguard the health and safety of all participants.
The event was first held in 2019 and attracted about 1,000 cyclists with the participation of international cyclists from Singapore, Thailand, Germany, Vietnam, Holland, the United States and Australia. Langkawi Legendary Ride is designed for amateur athletes and it is more relaxed in its execution.
The event is open to all types of bicycle. More information is available on the https://checkpointspot.asia/event/langkawi-legendary-ride .


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Category Archives: Cars
India’s second largest leading automaker Hyundai Motor India Limited (HMIL) is now going to become the No.1 to launch an online service website for its customers. Indian subsidiary of the South Korean company will offer online services to all the Hyundai buyers that will make possible through Hyundai’s corporate website, the company recently announced.
In SUV market segment of India, one of the huge demanded fastest moving Renault has landed today with its eight newest variants. As per source saying, Renault’s latest Duster SUV will come with two engines, a 1.6-litre petrol engine good for 104PS and 145Nm of torque.


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The Food and Drug Administration has banned e-cigarette maker Juul from selling and distributing its products in the US. It ordered the company to remove its wares from the market or face enforcement actions. Reports earlier this week suggested that an FDA ban on Juul products was imminent. After a two-year review, the agency rejected Juul's application to keep selling tobacco- and menthol-flavored pods, as well as its vape pen. The decision doesn't apply to Juul products that are already in the possession of the company's customers.
Facebook is making steps to clean up its image for underage users, according to a report detailing the company's plans to restrict the sale of tobacco and alcohol on both of its social networks. According to CNN, both Facebook and Instagram plan to prohibit the sale or transfer of tobacco and e-cigarettes on its platform, in addition to placing an 18-years-or-older age restriction on any content related to the sale of tobacco. The policy, which is set to go into effect today, will also apply to posts promoting alcohol. Facebook will be reaching out to the administrators of groups designed to sell tobacco and alcohol to alert them of the change. CNN reports that Facebook will be overseeing the implementation of its new rules through'a combination of technology, human review and reports from our community to find and remove any content that violates these policies,' according to a spokesperson.
Federal health officials on Thursday ordered Juul to pull its electronic cigarettes from the U.S. market, the latest blow to the embattled company widely blamed for sparking a national surge in teen vaping. The action is part of a sweeping effort by the Food and Drug Administration to bring scientific scrutiny to the multibillion-dollar vaping industry after years of regulatory delays. Parents, politicians and anti-tobacco advocates wanted a ban on the devices that many blame for the rise in underage vaping. Supporters say they can help smokers cut back on regular cigarettes. The FDA noted that Juul may have played a "disproportionate″ role in the rise in teen vaping and its application didn't have enough evidence to show that marketing its products "would be appropriate for the protection of the public health."
JUUL has been called'highly addictive', but the firm may be developing a new product that helps users kick the habit once and for all. The San Francisco company filed a patent that describes an artificial intelligence powered product that delivers fewer nicotine amounts to the user by learning their smoking habits over time. The document highlights a device that alternates between nicotine and a non-nicotine product in order to gradually reduce the intake of the drug. The device may also be connected to a smartphone that could log how much nicotine is being consumed, allowing the device to determine how it should regulate the drug, as first reported on by The Logic. JUUL started off as a way of providing the world's one billion smokers with an alternative to combustible tobacco products.
The U.S. Food and Drug Administration (FDA) has permitted the marketing of specific e-cigarette products. This marks the first electronic nicotine delivery system (ENDS) authorization by the agency. The agency announced permission to market e-cigarette products from R.J. Reynolds Vapor Company in a statement Tuesday. With the authorization of the Vuse Solo closed ENDS device and accompanying tobacco-flavored e-liquid pods, specifically Vuse Solo Power Unit, Vuse Replacement Cartridge Original 4.8% G1 and Vuse Replacement Cartridge Original 4.8% G2, the said products are now allowed to be sold in the U.S. Data submitted by the company showed that marketing the products is "appropriate for the protection of public health," the agency said. Mitch Zeller, J.D., the director of the FDA's Center for Tobacco Products, further explained that the tobacco-flavored products could be helpful for "addicted" adult smokers who switch to using the products, whether completely or to reduce their cigarette use. "Today's authorizations are an important step toward ensuring all new tobacco products undergo the FDA's robust, scientific premarket evaluation," Zeller said in the news release.


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Execution of the FTC’s proposal was botched, according to Metrey. He said agencies don’t typically jump straight to a rulemaking notice like the FTC did in this case.
The industry has also received no notice of the FTC’s biannual regulatory agenda, which outlines actions the agency plans to take in the near future, according to Metrey.
“It was so rushed they didn’t even list it,” he said. The topic was also not discussed at a NADA-FTC meeting in March, Metrey said.
NADA plans to examine the costs the regulations would impose on dealers, a figure the FTC has estimated industry-wide at $1.36 billion to $1.57 billion over a decade.
Andrew Koblenz, NADA’s executive vice president of legal and regulatory affairs, last week criticized the FTC’s estimate of the corresponding benefits to the company during this period.
The agency predicts gains of $31.08 billion to $36.34 billion for consumers needing three fewer hours to purchase a vehicle, with one hour valued at $22.20.
How did the agency determine that the client would save three hours? asked Koblenz. “It’s a word,” he said. The FTC “assumes,” he said, quoting the proposal.
The FTC cites the 2020 Cox Automotive Car Buyer Journey study’s determination that customers spend 15 hours researching, shopping and buying a car. But Koblenz said Friday, July 15, the agency did not cite Cox as a source for its three-hour showing. All he wrote was that “3 hours is 20% of an average consumer’s time spent on such activities” – an arbitrary figure, Koblenz suggested.
Additionally, the FTC’s questions for public comment suggest a misunderstanding of the problem it’s trying to regulate, Metrey said.
Metrey said the FTC has not studied the effectiveness of the proposed solutions. He cited previous examples of such research by the Federal Reserve Board and the FTC, which found that the disclosures confused the consumers the agencies sought to help.
The rules also fail to cover the entire industry, according to Metrey. They apply only to franchised and independent dealerships over which the FTC has jurisdiction, and not to other independent dealerships regulated by the Consumer Financial Protection Bureau, he said. The FTC acted unilaterally instead of proceeding with joint rulemaking with the CFPB, he said.
“So you have some market players covered and some not,” he said.
The FTC said law enforcement and research support its proposal.
“The FTC’s proposal cites law enforcement, studies and research, and other documents that point to deceptive and unfair practices by unscrupulous marketers – the bait and switch tactics and unwanted charges,” FTC spokesman Jay Mayfield said Friday, July 15, in a statement. respond to NADA’s criticisms. “We invite the public to comment on how to curb these practices in order to protect consumers and promote a level playing field for law-abiding dealers. We look forward to feedback from all interested parties.”
NADA will request an extension to the public comment window on the rule, which opened on Wednesday, July 13, with a September 12 deadline. The FTC came up with something it couldn’t defend, Stanton said, which “effectively got us to work.” to prove him wrong.
“Regulators need to take the right approach to this – a data-driven approach,” he said. “It’s a sledgehammer of an approach, in our view.”


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Interest rates are rising, and corporate leaders are worried about shrinking consumer demand.
Investors should use the current weakness in Tesla shares to build positions. Let me explain.
It is easy right now to abandon shares of consumer durable businesses. Consumers are being squeezed by rising inflation and the subsequent increase in borrowing costs.
The yield for the 10-year treasury note topped 5% in early October, the highest level since 2007. Thirty-year fixed mortgages jumped to 8% according to the Mortgage Bankers Association, again, a 16-year high. And the average monthly loan payment for new vehicles soared to $725 in the first quarter of 2023, the highest level in history. Something has to give.
Bears say that consumers will simply curtail their spending. This is a logical conclusion. Unfortunately for bears, this does not mean that stock prices for all consumer centric businesses must decline.
Stock prices reflect future sales and operational excellence for the underlying business.
Musk was clear last week that higher interest rates have caused customers to put off new vehicle purchases. Tesla sold 435,059 electric vehicles during the third quarter, an increase of 6.7% versus a year ago. This was below analyst forecasts of 455,000, according to FactSet.
The trajectory of sales growth is slowing to be sure, yet the larger trend toward EV adoption shows no letup.
The entire automotive industry is transitioning to electrification. Ford (F), General Motors
EV penetration in the United States reached 7.5% in 2022 as manufacturers sold 972,000 vehicles according to research from Bloomberg NEF. Automakers sold only 652,000 EVs the previous year. And the International Council on Clean Energy reports that global EV sales reached 10 million units for the first time.
Most importantly, researchers at the International Energy Agency predict that global EV adoption will reach 60% by 2030.
Tesla is the undisputed leader in EV sales, with 65% domestic market share in 2022, and 17% globally. Moreover, the business is the most efficient maker of EVs in the sector. This operational excellence often goes overlooked.
Tesla shocked the automotive sector with the widespread adoption of “giga castings.” These skeletons made of specialty alloys replace hundreds of metal stamped parts, shrinking manufacturing capacity. There is less need for expensive robotic welders and human workers. The giga factory located in Shanghai, China produces one new Model Y every 41 seconds. It is an operational feat that is unmatched in the industry.
Tesla leads in software, too. As vehicles transition to electrification they become less about mechanical parts and more about software integration. Tesla vehicles are vertically integrated, designed around proprietary software systems that range from design and systems integration, to supply chain management.
The current environment is challenging for consumers. Higher interest rates are clearly impacting spending. However, investors need to focus on the bigger picture. The transition to EVs is happening. Tesla is the leader and its position is strong due to early investments in design and manufacturing.
At $217 Tesla shares trade at 54.5 times forward earnings and 7.2 times sales. These metrics are falling quickly as the company sells more EVs each year. Based on the size of the expected EV market, Tesla shares could trade to $360 during the next 18 months, a gain of 66% from current levels.
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Source: Fox Business
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Bureaucrats can't be sure if their policies have curbed smoking. Now they want to take on vaping too.
- David Leyonhjelm
A global e-cigarette giant backed by Marlboro has laid the foundations for a foothold in Australia as its plans for international expansion gain momentum.
- James Frost
The Gold Coast's most controversial entrepreneur wants his brand to go beyond cigarettes and smutty images.
- Liam Walsh


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After his controversial comments certifying streetwear’s death, Virgil Abloh, most likely the one behind the unstoppable rise of this trend these past years, joins forces with Nigo in a collection with Louis Vuitton fusing sartorial pieces with a strong urban look. He’s taking a step back on that statement?
Nobody is surprised when we say Virgil ain’t in his better shape creatively speaking. What looked like an historic era in fashion appears to have diluted like sugar cubes in Darjeeling tea. No discussion around the enormous impact Off-White caused in the industry when it was launched, changing the vision of the urban culture and provoking the birth of new brands around the “luxury streetwear” concept. This new paradigma caused that the traditional fashion houses had to start creating streetwear pieces to compete with these newcomers. That’s how Athleisure was conceived, how the uniforms and techwear boom was caused and the irruption of Utilitarism or mountaineering vibes happened. All these free and easy cuts, so far away from the ones offered traditionally by totems like Prada, Dior, Burberry, Balenciaga or Louis Vuitton itself ended in the eruption of the Off White volcano. The pulsing sneaker culture and the likes for casual fits resulted in the successful arrival of brands like Heron Preston, Vetements, Palm Angels, ALYX or A COLD WALL pretty distant from the basis of those who “invented” fashion as we know it. Virgil Abloh opened the door to all of them. The Rockford-born fed a generation eager to wear relaxed fits and designs, wearable in a daily basis but with the status and quality the firms worn by previous generations have. Luxury was born again, this time in the form of tees, tracksuits and baseball hats.
Maybe it was his mentor’s Kanye West influence, perhaps his social circle where any rapper or celeb was in made its part, but Virgil (@virgilabloh) climbed to the altars of the industry and became the icebreaker – in terms of visibility -for a generation of creative minds where we find names like his dear friend Kim Jones (head at Dior after leaving LV) or Kerby Jean-Raymond from Pyer Moss among many others. All these mix of elements awaken in these millennials – a generation worried about quality over quantity and in constant search of the freshest outfit for the ‘Gram – the necessity to elevate their looks. Limited edition t-shirts, sneaker collabs 5 times their retail price and the acceptance of an aesthetic linked to slum areas and with a strong social stigma til then killed the culture of luxury. None of the traditional firms had shown almost any interest in this aesthetic previously. Now their shows are filled with sneakers and sportive pieces.
The dazzling ascension and a crazy agenda provoked an early physical and mental collapse in Abloh, even retiring from the public eye for several months due to exhaustion. Once back, we’ve seen that his collections for Louis Vuitton (@louisvuitton) and Off White (@off___white) are barely different. We have the impression that he’s offered already his maximum of creativity, that he’s not able to separate both imaginaries. Different voices are pointing to Virgil leaving the Creative Direction of one of them. It was around these days when the designer, architect and DJ assure that “streetwear is dead”. The earthquake was 10 in Richter scale between fans and colleagues. He, the initiator of this new era said that it was over prematurely. His last collections with both brands were an obvious change towards tailoring, a contemporary yet classic aesthetic that fueled this fire lighted by Abloh himself.
Well, it looks that it wasn’t that dead. After launching the capsule Nigo and LV has designed, very influenced by sartorial vibes, the Illinois creator said “it was a bit naive when he said streetwear was dead”. According to his new statement “streetwear is dying and coming back, dying and coming back” and “new things like tailoring from guys like Nigo and me will be born from the regeneration of it.”
Well, well, well…
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Richmond Beer Trail Expands to Feature a Total of 32 Breweries
~Trail Has Added Eight New Breweries~
Richmond (October 17, 2017) – Due to the rapid growth of the Richmond region’s beverage scene, the Richmond Beer Trail has expanded to include a total of 32 breweries, five of which have opened since the trail’s launch and three set to open in the coming months. The Richmond Beer Trail, developed by Richmond Region Tourism and Richmond Breweries United, encourages visitors to track and taste the trail by collecting stamps at breweries visited. Five stamps on the map can be redeemed at any brewery for Richmond Beer Trail gear (subject to availability). Current swag includes metal bottle openers or bottle-opener sunglasses. Next month, the Richmond Beer Trail will roll out branded beanie hats in anticipation of cooler weather. Maps are available at Richmond Region breweries, Richmond Region Visitor Centers and can be downloaded at RichmondBeerTrail.com.
Also new to the map is a section that highlights the region’s other craft libations including cideries, distilleries and a meadery. While the other craft libation tasting rooms do not qualify for a Beer Trail stamp, this addition is a way to guide visitors to other Richmond region spots to quench their thirst.
“We are excited to introduce visitors to the new breweries. The section of the map identifying non-beer tasting rooms serves to guide visitors through a comprehensive Richmond Region beverage experience,” said Richmond Region Tourism Vice President of Marketing Jennifer Hendren. “While earning stamps at breweries, visitors are also encouraged to explore our other craft libation stops.”
New breweries added to the Richmond Beer Trail include:
- Canon & Draw Brewing Company (Coming soon)
- Champion Brewing Company
- Fine Creek Brewing Company
- Hardywood West Creek (Opening Spring 2018)
- Intermission Beer Company
- Lickinghole Goodwater (Coming soon)
- Origin Beer Lab and Twisted Ales Craft Brewing
- Twisted Ales
Since 2012, when state legislation passed allowing breweries to serve beer by the glass, the Richmond region has seen an outpour of both supply and demand. Dozens of new breweries have since opened, and over 25,000 Richmond Beer Trail maps have been distributed since the Beer Trail launched in late 2016.
According to Mandala Research, nearly a third of travelers choose destinations based on access to activities focused on food and drink. Craft beer is especially near and dear to Richmond’s heart, as the city was the first place in the United States where beer was sold in a can in 1935.
Visitors are encouraged to share their Richmond Beer Trail experience on social media using #RVABeerTrail and #VisitRichmond. Detailed information about craft beer in the Richmond Region including brewery listings, tour company listings, events and a ‘Craft Beer in the Richmond Region’ video can be found at VisitRichmond.com/drink.


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Here’s a look at Friday, March 28:
Google closed its acquisition of AdMob almost a week after the Federal Trade Commission gave its blessing. The move comes just a few days before Apple kicks off its iAd initiative with the rollout of iPhone 4.0. Now the fun really begins. The mobile ad battle kicks off at Apple's WWDC in a few days. Related: Ballmer not speaking at WWDC. Is Silverlight in the iPhone cards?
AT&T’s Ron Spears, CEO of the telecom company’s Business Solutions unit, said Apple’s iPhone has plenty of traction in the enterprise and in some cases is replacing a laptop purchase. In fact, 40 percent of iPhone sales are to the enterprise.
The One Laptop Per Child project is plotting an XO-3 prototype later this year. What's the real role of the OLPC to the industry? More:
- OLPC's Negroponte Says XO-3 Prototype Tablet Coming in 2010
- XO-3 update: OLPC and Marvell partner to design a line of tablets
Galleries for the day:
- Tour Facebook's new privacy settings
- X Prizes for grab - millions for scientific breakthroughs
- And The Empire Strikes Back gifts for the ultimate Star Wars fan (right)


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Wednesday, June 10th, 2009
Tunisia, the Next Super Yacht Destination
Prices are low, and ideally positioned geographically
Tunisia is emerging as the next super yacht hot spot and marina berths and the associated property market is likely to take off. Prices are low, and ideally positioned geographically, it serves as a gateway between Africa & Europe, especially the south of France. This stable Arab country is regarded by many as more Mediterranean in nature with its prime spot in the beautiful Mediterranean coast.
With waterfront property in high demand and the world’s natural resources limited, it has been announced that a consortium will now create a new destination in itself on the country’s Mediterranean coast that will be when finished a whole new city. It is they say designed to fuse the 21st century pioneering spirit of Dubai with the sophistication of European elegance. The International resort development will comprises of 60,000 wholly–owned & shared properties as well as casino complex, golf, spa, marinas, retail and several well–known hotel brands. The same developer has also signed a letter of intent with the Chinese government for a similar development in China.


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Infosys BPO wins the Corporate Livewire Global Corporate Outsourcing Provider of the Year Award
Infosys BPO has been awarded the Global Corporate Outsourcing Provider of the Year Award by Corporate Livewire as a recognition of the company’s continual drive for excellence and innovation. Corporate Livewire is an online resource aimed at providing business owners and investors with insights on global commercial developments. The Corporate Livewire Business Awards 2014 recognizes businesses across the world that are paving the way to a brighter tomorrow. The winners were nominated by readers of the publication based on a shortlist survey conducted by its dedicated research team.


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DeitY has suggested that only domestic electronics suppliers whose bids are within 20% of an L1 bid by a foreign vendor will be allowed to match it.
The Department of Electronics and Information Technology's initiative has been given a United Nations public service award.
Centre has asked bureaucrats to use the guidelines for social media drawn up in 2012 by the department of electronics and information technology.
Software exports from Telangana are pegged at Rs 57,000 crore during 2013-14 as against Rs 49,831 crore during 2012-13, it was officially announced.
The device, which retails for Rs 34,500 has been tested and approved for use in eight districts in Jammu and Kashmir. It is more features than products I have seen in Silicon Valley.
Govt is looking to leverage cloud computing for its multi-billion dollar mission-mode projs, six of which will be kick-started within a month's time.
The proposed brownfield EMC cluster in Pune, will bring immense opportunities to the electronics industry, academia and other stakeholders.
Under M-SIPS, refunds will be provided on capital expenditure for new units or for expansion of more than 25% of existing capacity.


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This report on the Accommodation Industry includes information on the size and state of the sector and the factors that influence it including the coronavirus crisis, travel and tourism statistics and trends, and corporate actions. There are profiles of 39 companies including Marriott International, the owner of Protea Hotels, which announced that it will stop operating some well-known South African Hotels, major players such as Sun International and Tsogo Sun, Moroccon-based Onomo, which is expanding its footprint on the African continent, and small players such as Cradle Boutique Hotel.
The Accommodation Industry
The tourism sector accounted for approximately 709,000 jobs in 2019. Income from accommodation grew by over 2% in 2019 despite a decline in international tourists. Even before the coronavirus pandemic, South Africa’s travel and tourism industry was facing challenges due to a weak economy, competition from neighbouring countries, safety and security issues and the water crisis. Due to the coronavirus pandemic and lockdowns in most countries, 2020 will be devastating for the travel and tourism and accommodation sectors, with massive industry layoffs and consolidation taking place as foreign and inter-provincial travel stopped and as the industry effectively shut down.
Travel trends and Challenges
South Africa is a popular meetings, incentives, conferencing and events destination and travellers who combine leisure and business travel are a growing market. Wellness and medical tourism are popular, along with township and sports tourism. Government has implemented austerity measures, resulting in less travel for government employees. The quality of infrastructure and road networks, especially in rural areas, affects tourism growth while load-shedding affects tourism and the daily operations of accommodation establishments. The cancellation of international and domestic routes by South African Airways decreased demand for accommodation.
It is expected that international tourist arrivals will decrease by 58% to 78% in 2020. A recent survey indicated that a large percentage of accommodation businesses did not believe they would survive the pandemic. Significant retrenchments have already taken place. Many accommodation establishments are taking forward bookings for when the tourism industry opens up again.


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Japan is often overlooked by Westerners as a travel destination. But Japan is a wonderful place to visit! Great food, beautiful natural wonders, and adventur......
The actions of politicians and the media have stirred nationalist sentiment and ill-feeling between China and Japan. If the rhetoric and reports of military manoeuvres were to be taken at face value, the casual observer could be excused for believing that tensions were on the verge of breaking out into hostilities. But what is said and done in the glare of television cameras is far removed from reality; the world's second- and third-largest economies depend too much on one another to let actions spin out of control. A better indication of Chinese and Japanese perceptions can be gauged from tourism figures....more »
Even as many Chinese have begun to make travel plans for the Spring Festival holiday, tourism sector insiders said Chinese tourists' interest in Japan remains stagnant due...China Daily 2014-01-07
Tourism Authority of Thailand (TAT) will not adjust projected figures and revenue target, but instead revise strategic plan. It is expected that tourists will gain back...noodls 2014-02-13
The number of Chinese tourists traveling to Japan may return to the level before September 2012, when territorial disputes erupted between the two neighbors, according to...China Daily 2014-03-01
Like World News? Why not 'Like' World News
Only days before the one-year anniversary of the devastating earthquake and tsunami in Japan, a report by a global travel trade group predicted that Japan's tourism industry will make a full recovery in 2012. The World Travel and Tourism Council issued a report Wednesday, predicting that international tourism will generate $129 billion in spending in Japan in 2012, compared to...The Los Angeles Times 2012-03-07
Tourism between China and Japan remains stagnant because of the political standoff over the Diaoyu Islands dispute, though about 2,200 tourists visited the island nation on a cruise ship and returned to Shanghai on Tuesday. Those 2,200 tourists, who departed from Shanghai on Thursday, formed the largest Chinese group visiting Japan since the political standoff erupted in...CNTV 2012-10-24
JUNE 12: Stephen Anderson, Commercial Attache for U.S. Embassy Japan; Andrew Wylegala, Minister-Counselor for Commercial Affairs,U.S. Embassy Japan; Cindy Yoshiko Shirata, professor of International Business at University of Tsukuba and Jim Mueller, vice president of Atlantic and Pacific sales for United Airlines speak to the Denver delegation and U.S. business leaders on the...Denver Post 2013-06-12
Chinese visitor numbers to Japan may decline as much as 20 percent because of a dispute over uninhabited islands in the East China Sea, according to the Japan National Tourism Organization. “We are very worried,” Mamoru Kobori, the tourism agency’s overseas marketing manager, said by phone yesterday. “There will surely be an impact on the numbers and the only question is how...Bloomberg 2012-09-14
Looking for an affordable face lift without breaking the bank? Want to combine a tummy tuck with two weeks in the sun? You're not alone. Nearly a third of people surveyed around the world say they are open to the idea of medical tourism - traveling abroad to enjoy cheaper medical or dental treatment, according to a new Ipsos poll of 18,731 adults in 24 countries. Sweden Hungary...Daily Press 2012-11-13
* External experts concluded meetings in March 2008 * Set of 40 proposals adopted by Japan's transport ministry * Airlines asked for changes, to keep down operating costs * Dreamliner exempted from mandatory flight turnaround checks (Adds Boeing comments in paragraphs 7 and 11) TOKYO, Jan 28 (Reuters) - Japan's government stepped in to give Boeing Co's now-grounded 787...Huffington Post 2013-01-28
Tourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".
Tourism has become a popular global leisure activity. In 2010, there were over 940 million international tourist arrivals worldwide, representing a growth of 6.6% when compared to 2009. International tourism receipts grew to US$919 billion (€693 billion) in 2010, corresponding to an increase in real terms of 4.7%. As a result of the late-2000s recession, international travel demand suffered a strong slowdown from the second half of 2008 through the end of 2009. After a 5% increase in the first half of 2008, growth in international tourist arrivals moved into negative territory in the second half of 2008, and ended up only 2% for the year, compared to a 7% increase in 2007. This negative trend intensified during 2009, exacerbated in some countries due to the outbreak of the H1N1 influenza virus, resulting in a worldwide decline of 4.2% in 2009 to 880 million international tourists arrivals, and a 5.7% decline in international tourism receipts.


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Those googly eyes on emojis that now face left could be made to face to the right next year if Apple or other device vendors decide to give you the option. Now the consortium has given developers the first Emoji 11 beta, which contains 130 draft emojis, including a female superhero, a lobster and a party face.
The brains behind the emoji you use on your phone have announced new plans to let you be able to swap the direction each one is facing, with the feature possibly launching at some point in 2018.
The Unicode Emoji Consortium released its sixth set of proposed emojis in June.
There are also new animals such as raccoons and llamas, new food & drink items, a new cracker emoji filed under "activities", new objects, tools, household items, symbols, and more. However, that can cause a definite change in meaning when exchanging text across platforms.
Airlines Restrict 'Smart Luggage' Over Fire Hazards Posed By Batteries
But airlines fear that the lithium ion batteries the bags carry could spark fires in overhead compartments or cargo holds. However, if a customer is required to check their smart bag, the customer will need to remove the battery.
Emoji which failed to make the cut range from a smiley face with "OK" in place of eyes, another face with question marks as eyes and a 'frowning pile of poo'.
According to the statement above, it seems as if not every emoji will be flippable.
Emoji are a big part of today's conversations and they're constantly evolving, improving, and expanding. Though these still could make it into the final Emoji 11 update if voted in at the Unicode Technical Meeting in January.
With the final list not yet nailed down and Apple's new operating system still a ways out, it looks as if we could be waiting nearly an entire year to get our hands on this collection of new iOS 12 emojis. Google finally fixed the burger emoji. Next year, iOS devices could boast reversible emoji and many others. In fact even if unicode adopts the proposal, vendors like Apple would end up making the ultimate decision of which emojis will get to face both ways, and an update allowing that feature wouldn't come until iOS 12, which should debut sometime next fall.


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Last week was a positive one for equity trading, as the Russell 3000 constituents saw a handsome advance, moving the average total return for the year into the green. The small-cap, capitalization-weighted Russell 2000 index, however, has been lagging behind, with only a modest 2.5% increase so far in 2024. The catalyst for the move higher in stocks last week was the Federal Open Market Committee’s decision to leave its target for the Fed Funds rate unchanged at a range of 5.25% to 5.50%.
The FOMC Statement indicated that inflation has eased over the past year but remains elevated, and the committee does not expect to reduce the target range until it has greater confidence that inflation is moving towards 2%. The bond market reacted positively to this news, with the 10-Year U.S. Treasury jumping in price and dipping in yield, while futures wagers continued to target a year-end Fed Funds rate well below current levels. Federal Reserve Board members and Federal Reserve Bank presidents also raised their 2024 estimate for GDP growth to 2.1%, up from 1.4% three months ago, with a slightly higher Core PCE inflation of 2.6%.
Traders believed that a soft landing for the U.S. economy is possible, a notion that Chairman Jerome Powell did nothing to dispel at his press conference following the interest rate decision. The stock of the week was Apple (AAPL), as the Department of Justice and 16 state Attorneys General filed a lawsuit against Apple over allegedly anticompetitive and exclusionary conduct in the smartphone market. The lawsuit aimed to lower smartphone prices for consumers, reduce fees for developers, and preserve innovation.
While the Complaint highlighted some valid points about Apple’s conduct, it failed to acknowledge the reasons for the company’s success. Apple’s legal team is expected to challenge the complaint, but the outcome remains uncertain. Previous disputes with Apple have resulted in agreements that allow the company to maintain its business model, and a similar resolution is expected in this case. Any changes Apple may have to make are unlikely to have a significant impact on the company’s ecosystem or user enthusiasm.
For a more detailed market commentary, including analysis on Apple and other stocks, readers can check out The Prudent Speculator for free stock picks. Overall, last week was a positive one for equity trading, driven by the FOMC’s decision on interest rates and the optimistic outlook for the U.S. economy. Despite some legal challenges, companies like Apple continue to thrive, and investors remain optimistic about the future of the market.


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Nandan Denim Ltd, denim fabric maker in India aims to raise Rs 100 crore ($15 million) through an issue of warrants to foreign investors to fund its expansion.
Apart from expansion, the funds will also be used for investment in proposed subsidiaries, meeting long-term working capital requirement and improving capital structure, among others, the company said in a stock market disclosure.
"Over the years, the magnitude of the operations of the company has increased manifold. To fast track (its) strategic vision, the company requires the infusion of additional funds," said Deepak Chiripal, CEO of Nandan Denim.
The company is planning to issue 50 lakh convertible warrants on a preferential basis to foreign investors at Rs 200 each including a premium of Rs 190.
Existing portfolio investors of the company -- LTS Investment Fund Ltd and LGOF Global Opportunities Ltd -- will be investing. The company will be issuing 25 lakh warrants to them.
This will be the second warrant issue by Nandan Denim Ltd. Last year, the company had issued 25 lakh convertible warrants to an FII, namely Polus Global Fund which has been converted into equity shares at Rs 200 per share upon receipt of Rs 50 crore towards the consideration.
The company has also proposed to increase the aggregate limit for holding shares by the FIIs/FPIs from 24% to 49%. FII and FPI held 11.02% in the company while promoter group holding was at 58.27%, as of June 2016. Post issue of the 50 lakh warrants, the holding of FII and FPIs will increase to 19.70% and promoter holding will decrease to 52.78%.
Nandan Denim's revenue increased to Rs 300.50 crore in the quarter ended June 30 against Rs 280.51 crore in the same period last year. Its net profit rose marginally to Rs 15.97 crore in the last quarter from Rs 15.61 crore in the year-ago period.
The company is part of the diversified conglomerate Chiripal Group, which was established in 1972. The group is engaged in businesses including textiles, chemicals, packaging, infrastructure and education.
Nandan Denim, which is headquartered in Ahmedabad, expanded its capacity from 6 million meters per annum (mmpa) to 110 mmpa over the last 12 years, the company said.
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Canada's Tech Sector: An Economic Goliath
Jul 25, 2016, 08:00 ET
Brookfield Institute for Innovation + Entrepreneurship releases new report
on the impact and contribution of Canada's tech sector on the economy and workforce
TORONTO, July 25, 2016 /CNW/ - Canada's tech sector is a major driver of innovation and a dependable source of economic growth for the foreseeable future, indicates new research from the Brookfield Institute for Innovation + Entrepreneurship (BII+E) at Ryerson University. The report, released today, entitled The State of Canada's Tech Sector, 2016, has updated and broadened the definition of the sector, taking into account how pervasive of an impact technology, and technology-related jobs, has on the size of Canada's economy and its contribution to our workforce.
The report states that the value of Canada's tech sector has grown steadily, and that the sector itself is broader in scope than previous assessments, ranging from digital technologies, to aerospace and pharmaceuticals. It is a diverse, highly innovative sector that is also a significant economic driver. In 2015, the technology sector was directly responsible for $117 billion or 7.1 per cent of Canada's economic output—greater than that of the finance and insurance industry. The tech sector also has the key attribute of being a more dependable, less volatile, source of growth than the real estate, manufacturing, extractive and construction industries, which are currently Canada's largest economic contributors.
"The key to future economic growth and stability is understanding where Canada's strengths lie," said Sean Mullin, Brookfield Institute for Innovation + Entrepreneurship, Executive Director. "This benchmark study demonstrates a vibrant and diverse tech sector, and its potential as a driver of innovation and economic growth."
Report Key Findings (based on 2015 figures):
- The tech sector was directly responsible for $117 billion or 7.1 per cent of Canada's economic output, greater than that of the finance and insurance industry.
- 864,000 Canadians were employed in the tech sector, which made up 5.6 per cent of Canada's total employment.
- At over $9.1 billion spent, the tech sector was by far the largest private investor in research and development.
- The tech sector was also comprised of nearly 71,000 firms, representing 6.1 per cent of all Canadian businesses.
- Tech sector employees earned approximately $67,000 a year, compared to the national average of nearly $48,000.
- Over 50 per cent of tech sector employees had a university education, compared to 29 per cent across Canada's labour force.
Also included as part of the report are regional breakdowns and a downloadable infographic, visually demonstrating the report's key findings.
This new report comes recently after the release of BII+E's highly cited study of the impact of automation on future employment in Canada, entitled The Talented Mr. Robot: The impact of automation on Canada's workforce. Following up on that research, The State of Canada's Tech Sector, 2016 is designed to shift our understanding of technology beyond disruption towards its broad economic impact.
"A renewed focus on the tech industry is crucial for Canada's ongoing prosperity," stated John Ruffolo, Chief Executive Officer of OMERS Ventures. "Especially considering the volatility and finite nature of the commodities industry, it is critical that we ensure that our tech sector becomes a sustainable source of growth."
The Brookfield Institute for Innovation + Entrepreneurship (BII+E) is a new independent and nonpartisan institute, housed within Ryerson University, that is dedicated to making Canada the best country in the world to be an innovator or an entrepreneur. BII+E supports this mission in three ways: insightful research and analysis; testing, piloting and prototyping projects; which informs BII+E's leadership and advocacy on behalf of innovation and entrepreneurship across the country. For more information, visit www.brookfieldinstitute.ca.
Ryerson University is Canada's leader in innovative, career-oriented education and a university clearly on the move. With a mission to serve societal need, and a long-standing commitment to engaging its community, Ryerson offers more than 100 undergraduate and graduate programs. Distinctly urban, culturally diverse, and inclusive, the university is home to more than 41,500 students, including 2,400 master's and PhD students, 3,200 faculty and staff, and nearly 170,000 alumni worldwide. Research at Ryerson is on a trajectory of success and growth: externally funded research has doubled in the past five years. For more information, visit www.ryerson.ca.
SOURCE Ryerson University
Image with caption: "Infographic details highlights of The State of Canada’s Tech Sector, 2016, a new report by the Brookfield Institute for Innovation + Entrepreneurship (CNW Group/Ryerson University)". Image available at: http://photos.newswire.ca/images/download/20160725_C5941_PHOTO_EN_740215.jpg
For further information: MEDIA CONTACT: Coralie D'Souza, Director of Communications, Community Relations + Events, Brookfield Institute for Innovation + Entrepreneurship; Ryerson University; [email protected], Office: 647-390-3178
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Tyrexpo Asia 2011, held in the Republic of Singapore March 29-31, attracted record crowds, according to the exposition's organizers, ECI International Ltd.
Independently audited statistics confirm that over the three days, 3,578 visitors attended the show in the Singapore Expo Centre. That figure represents an increase of more than 16% compared to the show's last staging in 2009.
The number of exhibitors also was a record. There were 160 suppliers from 43 countries. Companies from China, Singapore, Malaysian, Korea and India made up the bulk of exhibitors. Latvia and the United Arab Emirates were represented for the first time.
Keith Jarman, president of AME International LLC in Brooksville, Fla., attended the event. Here is his exclusive report on the exposition for Modern Tire Dealer.
(For visual coverage of Tyrexpo Asia 2011, click here to visit MTD's Facebook page.)
"Tyrexpo Asia took place at the Singapore Expo Centre. The biannual event drew record attendance to visit the 160 exhibitor booths.
"The show was opened by Dr. Stephen Evans, secretary general of the International Rubber Study Group. During his opening speech, Dr. Evans noted that continued urbanization and growth from the BRIC countries (Brazil, Russia, India and China) will test the supply limits of natural rubber for the next decade.
"The show attracted visitors mainly from Southeast Asian nations, but also drew attendees from Australia, Sweden and South Africa.
"U.S.-based exhibitors at the event included AME International, Atturo Tire, DM Marketing, International Marketing Corp, Lexani Tires, Mohawk Rubber Sales, Patch Rubber Co., Synergy Tires and Tire Group International.
"Florida-based AME International overcame adversity when its shipment of goods to display were mistakenly forwarded on to Indonesia. We had a big show planned, and were stunned to find a crate in our booth containing make-up and skin care products! By the time we traced the goods, our merchandise was already on a container headed to Indonesia.
"Thankfully, a local distributor had some goods, and we put together a simple display. All things considered, we had an excellent show and made good contacts despite the spartan appearance of our booth."


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David Dancer is a 48-year-old marketing executive who has worked for big brands like Charles Schwab and Teleflora. A year ago, he got a call from a recruiter for a different kind of company: MedMen, a cannabis retailer that has been called “the Apple Store of weed.” The opening was for a chief marketing officer. He took it.
One of Mr. Dancer’s early projects was a slick two-minute video by the director Spike Jonze that begins with an anecdote about George Washington as a hemp grower, a staple of dorm-room conversation. It concludes with a suburban couple coming home with a bright red bag of legally purchased pot, symbolizing “the new normal” — an ending that, like his own career twist, seemed improbable not long ago.
“It can and should be a part of anyone’s everyday life,” Mr. Dancer said in a recent interview, sounding very much like a man who has been hired to do marketing.
Although cannabis remains illegal on the federal level, 33 states now allow its sale at least for medical purposes. Ten of them, including California, have legalized recreational use. [Read more at The New York Times]
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers


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FIFA 23 fans could be in for a treat if they’re Ted Lasso fans as the hit comedy could be destined for the upcoming football game.
The impact that Ted Lasso has had is unfathomable as the underdog story of an American football coach with no idea about the beautiful game coming to manage in the Premier League has taken the world by storm over the last few years.
Ted Lasso has won countless awards and its strong ties to football have had fans constantly campaigning for the show to feature in EA SPORTS FIFA franchise.
Thanks to a new image revealed by a Reddit user, this concept could be closer to reality than ever before.
FIFA 23 to include Ted Lasso?
“Football is life,” are the immortal words spoken by the popular character from the show – Dani Rojas – and for many, this is the case as they spend hours upon hours each year battling away in FUT Champions and Divisions Rivals.
FIFA 23 will be the final EA SPORTS football game to carry the official branding before it’s dropped, and the addition of Ted Lasso could make it a memorable one.
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According to a screenshot from the official Ted Lasso subreddit, AFC Richmond, the show’s fictional team the series is based around, will feature in FIFA 23 in some form or another.
In-between AFC Bournemouth and Arsenal you can see AFC Richmond sandwiched between the two, established Premier League teams, possibly indicating that the club might be usable, or elements of the team will feature.
Now, it’s very clear that this isn’t a ton of information to go on, and there’s always the possibility that the team’s name has been mistakenly put into the game and accidentally left in.
There’s also the chance that this is completely fanmade but very convincing.
As with all rumors, take this with a pinch of salt, and, hopefully, EA can deliver the news that all FIFA 23 and Ted Lasso fans have been waiting for in the last few years – especially with Ted Lasso Season 3 on the horizon.


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As a handful of retail industry veterans ramp up for the next steps in their career, Hy-Vee is welcoming a revamped leadership team. For one, the company recently announced that longtime Hy-Vee executive Jay Marshall is being promoted to the position of Vice Chairman, an exciting move after a 38-year career with the grocery chain.
In addition, Craig Clasen, Senior Vice President of Retail Business Development, and Brett Bremser, Executive Vice President and Chief Merchandising Officer, both retired on January 1, 2020. The current Executive Vice President, Darren Baty, will take on the role of CMO.
In his new role as Vice Chairman, Marshall will continue to oversee the operations of Hy-Vee’s supply chain and subsidiaries and assist Chairman, CEO, and President Randy Edeker, alongside Hy-Vee’s Board of Directors, with leading the company through today’s rapidly changing retail climate, according to a press release. Marshall first joined Hy-Vee in 1982. He then went on to work in a variety of leadership roles at both the store and corporate level, including Executive Vice President, Co-Chief Operating Officer, and President.
“While Jay will oversee key areas of our company, he will also work on the larger challenges facing the retail industry today,” Edeker said. “Jay has worked in and led virtually every area of Hy-Vee throughout his career, and he is a great and trusted leader. I am confident that he will do an excellent job in this new role.”
As Marshall takes on his new role, Hy-Vee’s Executive Vice President Jeremy Gosch will continue to serve as the company’s Chief Operating Officer.
Outgoing Executive Vice President and Chief Merchandising Officer, Bremser, also has had a long history with Hy-Vee. Bremser started with the grocer in 1981 as a part-time clerk. He then went on to spend 35 years with Hy-Vee in a variety of management and leadership positions, including Store Director; Company Officer; Assistant Vice President, Advertising; Vice President, Center Store; Senior Vice President, Merchandising; Senior Vice President, Western Region; Executive Vice President, Western Region; and Executive Vice President, Perishables.
“To say that Brett has been an integral part of our company is an understatement,” Edeker continued. “Brett is one of the hardest working and most dedicated people Hy-Vee has ever seen. I wish. Brett and his family all the best in his retirement.”
As the new Executive Vice President, Chief Merchandising Officer, Darren Baty will oversee merchandising as well as other areas of the company, such as health and beauty, floral, procurement, and advertising.
Clasen, who also retired on January 1, oversaw several vendor and supplier relationships and helped vet new, innovative products and companies during his tenure as Senior Vice President of Retail Business Development.
Congratulations to all of these retail industry leaders on the next steps in their careers and journeys!