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Pharmaceuticals industry in Turkey
Pharmaceutical manufacturing, with its direct implications in the quality of human life, its high added value and cutting-edge technology, its experienced workforce and export potential, has been named a strategically important industry for its social and economic impacts in most countries around the globe - and Turkey is one of them.
Dictated by the expansion of the country’s medical needs, the landscape of the Turkish pharmaceutical industry has changed quickly following the reform of the country’s healthcare sector necessitated by the Turkish Ministry of Health’s Health Transformation Program.
The country’s Pharmaceutical Manufacturers Association (IEIS) claims that Turkey’s pharmaceutical industry provides more than 11 thousand kinds of products, which are being manufactured at different 67 facilities by international standards. Approximately 300 companies and 31 thousand employees are involved in the industry.
According to the Association, years and years of production experience have engendered the industry so that it is strongly committed to upholding international quality standards. As a result, the manufacturing process itself is heavily regulated by governmental institutions in the pharmaceutical sector, which ensure that all produced medicine is safe for consumption; the cutting-edge technology deployed within the sector ensures quality on part with products in developed markets. Official papers show that the industry’s footprint extends to 160 countries, which include European Union (EU) members, countries from the Commonwealth of Independent States (CIS), the Middle East, and North Africa.
Within the last couple decades the country’s total pharmaceutical sector has grown larger and the major local players have flourished accordingly. Even though the pharmaceutical market is dominated by international companies, accounting for 31,5% of the total market in 2012 as revealed by IEIS and the foreign investment agency of Turkey, local manufacturers such as Abdi Ibrahim (with a market share of 7,5%) and Bilim Ilac (market share of 4,9%) had also held considerable shares in 2012. Above all, the market is heavily fragmented based on the fact that there are approximately 300 pharmaceutical companies in Turkey.
In terms of the concentration on the entire market, the number of the foreign firms operating in the Turkish market increased from 73 in 2009 to 118 in 2015, show official reports for the industry. Within the same period nearly 100 local firms accessed the market, leading to peak the number of local firms reaching 337 in 2015.
Market concentration also intensified, and while 45 companies made up 90% of the total market for pharmaceuticals in 2009, six years later, in 2015 about 60 companies controlled this same proportion. Within the pharmaceutical market of Turkey, the share of the prescription and non-prescription drugs has declined while that of the non-pharmaceutical products has increased. It has been observed that non-reimbursed products have also grown within the last six years.
The industry exports various products to 160 countries, most of which are in the European Union (EU), the Middle East and North Africa region (MENA), and the Commonwealth of Independent States (CIS). These exports have significantly accelerated since 2015, and during the same year pharmaceutical exports increased by 9,1% even though Turkey’s total exports declined by 8,7%.
The export of pharmaceuticals amounted to 474 million US dollars in 2009 and by 2015 had increased by 96%, reaching USD 921 million in 2015. In the same period, Turkey’s total exports grew by 41%. The Pharmaceutical Manufacturers Association of Turkey compiled this data and determined that with contribution of the pharmaceutical industry, which is exporting nearly twice as much as total national exports, to the Turkey’s total export increased from 0,46% to 0,64%.
On the other hand, IEIS also notes that pharmaceutical imports have not increased significantly in the last six years and growth rate has become overall 4,1%. For the period from 2013 to 2014 imports have actually increased, but then they have dropped to the level of 2,7% in 2015 and about USD 4,61 billion.
Overall, the industry complies with modern international standards in terms of its production technologies, capacity and qualified human resources. With its 67 production facilities, approximately 300 companies and 30,000 employees, the produces approximately 11,500 products.
Turkey’s market of pharmaceutical raw materials is also significantly large. The Investment Support and Promotion Agency of Turkey reveals that there are 12 pharmaceutical raw material producing facilities and 10 different pharmaceutical raw material producing companies in the country, of which 4 are international companies.
The current issue of the South-East European INDUSTRIAL Market magazine includes an overview of some of the most prominent players within the Turkish pharmaceutical industry. The information covers manufacturers of raw materials, pharmaceutical ingredients, as well as finished medical products and solutions, and is based on materials provided by the companies and published on their websites.
- Deva Holding
- Mustafa Nevzat
- Kocak Farma
- Atabay Kimya
- Ulkar Kimya
- Ali Raif Pharmaceuticals
- Berko Pharmaceuticals
- Biem Pharmaceuticals
- Bilim Pharmaceuticals
- Centurion Pharma
- Dem Pharmaceuticals
- Drogsan Pharmaceuticals
- Ilko Pharmaceuticals
- Kurtsan Pharmaceuticals
- Nobel Pharmaceuticals
- Polifarma Pharmaceuticals
- Vem Pharmaceuticals
LATEST issue 4/2023


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Ousted Nissan exec Carlos Ghosn makes his first public remarks on financial misconduct allegations inside Tokyo courtroom
- Carlos Ghosn, the ousted Nissan chairman, who is dealing with many allegations of financial misconduct, spoke publicly for the initial time since he was arrested in Japan on November 19.
- “I have acted honorably, lawfully, and with the know-how and acceptance of the proper executives inside the company,” Ghosn stated Tuesday inside of a Tokyo courthouse according to The Wall Street Journal.
- The longtime Nissan executive is accused of underreporting his money and transferring additional than $16 million in own expenditure losses to the automaker.
- Ghosn’s arrest reverberated all through the automotive earth. He is admired for aiding help save Nissan from individual bankruptcy in the late 1990s.
Carlos Ghosn appeared in a Tokyo courtroom on Tuesday and spoke publicly for 1st time because he was arrested on numerous money misconduct allegations on November 19.
The longtime Nissan executive is accused of underreporting his profits and transferring additional than $16 million in personal expenditure losses to the automaker.
Arriving to court in a dim match, white shirt, and handcuffs, Ghosn mentioned, “I have acted honorably, legally, and with the understanding and approval of the appropriate executives inside of the enterprise,” according to The Wall Road Journal.
He manufactured a number of far more declarations, insisting he was “wrongly accused and unfairly detained.” Talking to the accusation of underreporting his payment at Nissan, Ghosn claimed that all of his revenue from his function for the Japanese automaker experienced been correctly disclosed, introducing: “nor did I at any time enter into any binding deal with Nissan to be compensated a preset amount of money that was not disclosed.”
Hours forward of his physical appearance, photographers in Tokyo captured extensive traces of folks vying to get within the courtroom. Reuters reported additional than one,100 persons showed up for a probability to get 1 of the 14 gallery seats inside the courtroom. A law enforcement bus considered to be carrying Ghosn was witnessed parked outdoors.
Go through a lot more: Former Nissan Chairman Carlos Ghosn jetted about the earth on a sequence of $60 million Gulfstream personal jets
Ghosn’s arrest in November reverberated throughout the automotive world.
He had been admired for aiding preserve Nissan from the brink of bankruptcy in the late nineteen nineties, which involved a strategic partnership with the French automaker Renault in 1999. Mitsubishi joined the group in 2016, and two decades later, the Renault-Nissan-Mitsubishi alliance under Ghosn’s management turned the world’s biggest automaker by product sales.
Both of those Nissan and Mitsubishi booted Ghosn right after the money misconduct allegations arrived down. Nissan CEO and president Hiroto Saikawa publicly rebuked Ghosn.
So far, Renault has been much less aggressive. It named an performing CEO and chairman soon right after Ghosn’s arrest, but it has not formally severed ties.
Other Nissan executives impacted
Ghosn’s mounting authorized troubles have touched other executives in the Nissan ecosystem.
Former Nissan government Greg Kelly was arrested along with Ghosn in November. Arun Bajaj, Nissan’s head of human means, has taken depart from the firm, but is claimed to be cooperating with Japanese authorities, the Economical Periods documented.
And Nissan’s main functionality officer Jose Munoz is also on leave to concentration on “special jobs arising from latest occasions,” a matter that Bloomberg stories is instantly related to Ghosn.
Renault Nissan Alliance
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A new general interest journal, City Informant Magazine has been introduced into the market by its publishers, Holistic Publishers Limited.
According to a statement from the Editor in Chief, Mr. Adegboyega Adepitan, the magazine was conceived and made real “to provide value added information on current events as they unfold and affect humanity through the experience of men and woman who have impacted positively on the society with their services and products.”
Mr. Adepitan also disclosed that the magazine will focus on health, property, environment, healthy living, money and banking, entrepreneurship, brands and marketing, fashion and lifestyle, sports, entertainment and general news, especially views from the archives.
It has in its debut edition, interviews with Reverend Tony Akinyemi, the Senior Pastor of the Sheperd’s Flock International church, Lagos on GMO foods and the danger to health, Chief Olushola Dada, Managing Director of Anchoria Investment Limited, Mr.Biodun Marquis, Managing Director of Pragmatic Technologies Limited and Honourable Segun Olulade, Chairman, Committee on Health, Lagos State House of Assembly who quipped that “Lagos State will soon become Africa’s medical tourist centre.”
The magazine which is scheduled to be published monthly has on board, eminent professionals who have garnered over eighty years experience in journalism, publishing, business, banking, marketing, public relations and outdoor advertising.
Some of the brains behind the publication are Mr. Adegboyega Adepitan, an experienced business administrator and former President, Association of Waste Managers of Association of Nigeria; Mrs. Bosede -Eke- Adepitan, a resourceful money and banking administrator, Mr. Banji Idowu, an outdoor advertising practitioner and Mr. Akinwumi Dickson, an award winning journalist.


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The UK’s Information Commissioner says Facebook failed to follow its responsibilities.
Image copyright Getty Images Image caption Google’s search-result Snippets rely on algorithms rather than human fact-checkers Google says it will soon alter its Search tool to provide “diverse perspectives” where appropriate. The change will affect the boxed text that often appears at the top of results pages – known as a Snippet – which contains […]
Image copyright Getty Images Image caption Amazon storage servers are known as “buckets” A website created by anonymous hackers has been launched that allows anyone to search for sensitive data stored in the cloud. Buckhacker is a tool that trawls servers at Amazon Web Services (AWS), a popular cloud computing platform. AWS provides data storage […]
Image copyright Disney Research Disney is known for its clean and tidy theme parks so it may come as a surprise to see it has developed a graffiti-spraying drone. Its research and development division has been working on a drone equipped with a spray-paint gun that can tag walls and even paint 3D objects. The […]


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(Reuters) - Google is developing a virtual reality headset that works without a smartphone or computer, The Wall Street Journal reported, citing people familiar with the matter.
The headset will include a screen, high-powered processors and outward-facing cameras, the Journal reported, citing one person.
Alphabet Inc’s Google currently sells a virtual reality device made of cardboard into which users slide in their mobile phones.
Since the launch in 2014, Google has shipped five million Google Cardboards.
The company declined to comment on the Journal report.
Reporting by Supantha Mukherjee in Bengaluru; Editing by Saumyadeb Chakrabarty


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Finnish breweries are scrambling to deliver stronger beers and ciders to the shelves of grocery shops by 1 January, reports Kauppalehti.
“It’s a massive adjustment and hassle no matter where you look,” Rami Aarikka, the managing director at Laitilan Wirvoitusjuomatehdas, commented in an interview with the commerce-oriented newspaper on Wednesday.
“Shops will have a rather limited selection when it comes to brewery products stronger than the current ones at the start of January,” he predicted.
The Ministry of Social Affairs and Health revealed last week that grocery shops will be allowed to retail beverages with an alcohol content of a maximum of 5.5 per cent as of the beginning of next year.
Aarikka estimates that the lack of a transition period will benefit large breweries due to their larger stocks of products.
The introduction of stronger beers and other alcoholic beverages to grocery shops is also expected to further intensify the competition for space on the shelves of grocery shops. Kauppalehti predicts that beverages that do not end up in the shopping baskets of customers will soon have to make way for products in higher demand.
“Breweries’ ability to react quickly to changes will become more important next year. No one knows yet how consumers will react to the new situation. I believe that next year will be particularly colourful,” said Kalle Järvinen, the managing director at Hartwall.
Aleksi Teivainen – HT
Photo: Heikki Saukkomaa – Lehtikuva
Source: Uusi Suomi


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Content marketing has become a lot more than a buzzword, so it is essential that your brand develop and implement a strategy sooner than later.
LinkedIn on Thursday launched its enhanced updates feature, which enables users to add images, documents and presentations to updates from the homepage.
Want one of Facebook’s new verification badges for your brand? First tip: Don’t bother asking for one.
This might be a case where the brand and persona are inseparable, and no amount of proactive PR work can differentiate the two.
How people find content should be a determining factor in the kind of content you produce, says
Content Marketing Boot Camp speaker Buddy Scalera of Ogilvy CommonHealth Worldwide.
François Baird, Africa chairman of Edelman and the founder of Baird’s Renaissance, talks to PR News about how to do business in the African continent.
We’ve been doing a lot of writing in PR News lately on great PR writing and as I was reflecting on this very intricate craft—a form of writing that requires immense skill—I thought it might be useful to reflect on what a journalist looks for in P…


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With the release of the Dead Space remake and widespread critical acclaim, EA Motive is already looking to the future and gearing up for its next projects. And after the Necromorphs, the development team is waiting, it seems, none other than Iron Man.
In fact, it looks like the EA Motive-branded Iron Man game announced last September is in full production. Confirming that the authors of Dead Space Remake “take a vacationAfter the completion of game development, Electronic Arts’ internal studio clarifies that “we have a fantastic team at Motive who have started work on Iron Man and we can assure you he is in good hands».
No further details about the game have been revealed, but either way it seems pretty clear and likely that the still-enigmatic Marvel’s Iron Man will be the next game that Motive will focus its efforts on.


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While the rise of mobile games is increasing day by day, being a mobile gamer has now become the technology culture of societies all over the world. Mobile games have become one of our most accessible entertainment, especially during the current pandemic period, and have become an indispensable part of our lives. In today’s world where digitalization is accelerating and the importance of smartphones in our daily life increases, mobile game applications continue to develop without slowing down by adding strength to their power. When the stereotype of men sitting at the head of the chair comes to mind when mobile gamers are mentioned, we can say that mobile games appeal to everyone from 7 to 70.
There is an audience that likes mobile games in particular and that might surprise everyone, their power can never be ignored; Moms. Although female mobile gamers and especially mothers are taken out of the mold of mobile gamers in mind, no one can deny that they actually use their mobile phones to play games and often play mobile games. The research conducted by AdColony, one of the world’s largest mobile advertising platforms, with the independent research company GlobalWebIndex, in order to show that mothers are an important part of the mobile gaming community, reveals the approaches of mothers to mobile games. The research also reveals important information on how brands can capture one of their most important and biggest target audiences, mothers, on their mobile devices.
34.9% of mothers who play mobile games in Turkey are between the ages of 25-34, while 32.2% are between the ages of 35-44. While 53.3% of the mothers who participated in the survey said that they have two children, 53.3% of them have children between the ages of 6-11.
Smartphones are ahead
While 87.1% of the mothers participating in the survey stated that they use their smartphones to play games, 44.9% of them state that they play mobile games many times a day. In a single session, 25.8% of mothers say they play mobile games for 30-60 minutes, while 20.9% say they play mobile games for 1-2 hours in a day.
It is a fact that mobile games are always with us to distract our minds and get away from our troubles. This does not change for mothers. While 66.5% of the mothers participating in the survey stated that they play mobile games for fun, 54.4% say they play mobile games to relax and 40.6% to improve their mood. The fact that 44.1% of the mothers stated that they felt comfortable while playing mobile games and 28.9% said that they felt happy once again proves the positive effect of mobile games on people.
The majority are mothers who play mobile games every day
While working and taking care of their children during the day, mothers run to mobile games to have fun and distract themselves. 51.8% state that they play games when they take a break during lunch break, 41.9% say they watch TV, and 41.5% say they play mobile games in bed before going to sleep.
We cannot deny that mothers are very selective and careful when shopping for their homes, children, and themselves. It is very important for brands to catch mothers and prove the reliability of their products. While 62.7% of mothers state that they are the sole decision-makers in large-scale purchases, 84.6% state that they are the sole decision-makers in small-scale purchases. In addition, 96.3% of the mothers who participated in the survey say that they have shopped online in the last 6 months. 18.5% of mothers prefer in-app shopping when shopping online because 46.5% think it is easier.
The expectations of mothers from the advertisements they encounter on their mobile devices are also changing. 50.8% think that the product or brand must be relevant to them in order for them to buy the product directly from an advertisement they encounter on their smartphones. 44.6% of them say that the advertisement should be informative, and 35.8% say that it should be interesting.
49.6% of mothers who encounter mobile ads on their smartphones search for and read product reviews, 48% visit the brand’s website, and 44.5% interact with ads.


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- McDonald's first-quarter earnings and revenue topped Wall Street's estimates, fueled by higher prices in the U.S. and strong international sales growth.
- The company said the suspension of operations in Ukraine and Russia cost $127 million, or 13 cents per share, in the quarter.
- In the United States, same-store sales increased 3.5%, surpassing StreetAccount estimates of 3.3%.
McDonald's on Thursday reported better-than-expected earnings and revenue, fueled by price hikes in the U.S. and strong international sales growth.
But the war in Ukraine and inflation in the fast-food giant's home market loomed large over its quarterly report. CEO Chris Kempczinski said the conflict hasn't affected consumer behavior across the rest of Europe yet, but some low-income U.S. consumers are shrinking their orders or buying cheaper items.
Shares of the company rose less than 1% in premarket trading.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $2.28 adjusted vs. $2.17 expected
- Revenue: $5.67 billion vs. $5.59 billion expected
The fast-food giant reported first-quarter net income of $1.1 billion, or $1.48 per share, down from $1.54 billion, or $2.05 per share, a year earlier.
The company spent $27 million to pay for leases, employee wages and supplier costs in Russia and Ukraine after suspending its operations in both of those countries due to the war. McDonald's reported an additional $100 million charge for inventory in its supply chain that will likely spoil because of the temporary closures of its restaurants in Ukraine and Russia. Altogether, those costs dragged its earnings down by 13 cents per share.
The company also said that it has reserved $500 million, or 67 cents per share, for a potential settlement related to an international tax matter, but it did not share more details.
Excluding costs related to the tax settlement, its restaurants in Ukraine and Russia and other items, McDonald's earned $2.28 per share, topping the $2.17 per share expected by analysts surveyed by Refinitiv.
Like the broader restaurant industry, McDonald's has been facing higher commodity and labor costs, leading the company and its franchisees to raise prices. CFO Kevin Ozan said the company expects elevated inflation to continue throughout 2022, given macroeconomic conditions.
Net sales rose 11% to $5.67 billion, beating expectations of $5.59 billion. Global same-store sales climbed 11.8% in the quarter, fueled by strong growth in markets such as France and the United Kingdom. Digital systemwide sales surpassed $5 billion in the quarter.
In the United States, same-store sales increased 3.5%, surpassing StreetAccount estimates of 3.3%. The company credited price increases and marketing promotions for growth in its home market. A year ago, the fast-food chain reported U.S. same-store sales growth of 13.6% as it lapped the weak demand of the early pandemic lockdowns.
In the first quarter, McDonald's U.S. menu prices were up about 8% compared with the year-ago period. Executives said on the company's conference call that consumers are starting to trade down to cheaper menu items or smaller orders.
Ozan said consumers are worried about inflation, particularly gas prices.
"We are certainly keeping a close watch on lower-end consumers, just to make sure that we're still providing the right value for our lower-end consumers," he said. "But one of the things that's probably helpful right now, as you know, is food at home has been increasing even more than food away from home."
In March, prices for food at home were up 10% compared with a year ago, while food away from home had risen just 6.9%, according to the Bureau of Labor Statistics.
Kempczinski said the overall U.S. consumer is in "good shape." For example, customers are still ordering their McNuggets and Big Macs for delivery, the most expensive way to buy McDonald's due to the hefty convenience fees.
McDonald's international operated markets segment, which includes France, the U.K. and Australia, reported same-store sales growth of 20.4%. The company said the reduction of Covid-19 measures boosted sales in the quarter. Sales in the U.K. also got a lift from the limited-time Chicken Big Mac, which Kempczinski called the market's most successful food promotion.
In the company's international developmental licensed markets segment, same-store sales rose 14.7%, driven by strong demand in Japan and Brazil. However, China saw same-store sales shrink during the quarter as Covid's resurgence resulted in renewed lockdowns.


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In many respects, the battle to achieve smartphone supremacy can be likened to a game of chess.
There tend to be two main protagonists – Android and iOS, Google Assistant and Siri, etc.
A battle of moves and counter-moves ensues, as both sides plan several steps ahead to try and outwit their competitor.
Now there’s a new duel – but this time, the battle is being fought in the clouds. And appropriately, it involves gaming.
Introducing xCloud and Stadia
On one side, there’s xCloud – Microsoft’s attempt to capitalise on its hugely successful Xbox platform by developing a related cloud gaming service.
On the other side is Google Stadia.
Google has little history of gaming beyond the occasional interactive game on its homepage, but it wants a slice of the action (and adventure).
Both Microsoft and Google have developed prototypes and scaled them up in preparation for launch.
Neither is yet on the market, but xCloud and Stadia were both on display at this year’s E3 video game conference.
Both rely on high-speed internet connectivity to host games on remote servers and pipe them to user devices, like the app-based smartphone games already familiar to millions of people.
However, xCloud and Stadia are entire gaming ecosystems, more reminiscent of the Steam platform than a standalone game which is downloaded, played and potentially uninstalled.
Even though both platforms are attempting to forge a new gaming path, in many respects, the differences between them are black and white.
Same. But different
Microsoft chose to showcase established Xbox titles like Forza Horizon on xCloud, which suggests it sees xCloud primarily as a mobile accompaniment to Xbox Live.
It’s at a far less developed stage than its Google rival, so there are no details of pricing, packaging or how xCloud could be cast from a smartphone to a TV – or back to an Xbox.
Google’s greater preparation time has ensured compatibility with its own Chromecast dongles and Pixel devices, as well as displaying through Chrome browsers.
Google has developed a dedicated Stadia controller which works over WiFi, though USB controllers are also an option – including, ironically, Microsoft’s Xbox One handset.
A subscription platform will launch in November, and a free tier arrives next year. Games can be bundled in with a subscription or bought independently, streaming at 4K resolution.
Plus, YouTube will offer seamless links from game ads into the titles themselves, with live streaming of other people’s gameplay and even the opportunity to join in yourself.
This might suggest Stadia is in pole position to succeed in the latest battle for smartphone supremacy. Yet Microsoft does have some key advantages.
Its Azure cloud platform is already well established, capable of providing seamless streaming to innumerable devices simultaneously.
Xbox compatibility would enable gamers to transfer their console games to their phone while out and about, for optimal accessibility.
The iconic Xbox controller pairs to xCloud via Bluetooth, with a touchscreen interface for fully portable gaming.
Microsoft also has a far more established pedigree in terms of developing and releasing successful titles, whereas Google needs to evolve its developer relationships from scratch.
Too early to judge?
With so many question marks hanging over both titles, choosing a superior platform is currently impossible.
Anyone already plugged into the Xbox ecosystem is likely to embrace the flexibility offered by xCloud, though Sony PlayStation fans may avoid it on principle.
The rest of us will have a tougher choice. Google’s ability to attract quality games will ultimately determine whether Stadia becomes a viable alternative to xCloud.
Google has already established relationships with blue-chip games developers. Games available at launch will include the latest Mortal Kombat, Rage and Destiny titles.
Google has also launched its own in-house Stadia Games and Entertainment division, while Microsoft has been hoovering up smaller games companies in recent years.
And while cynical observers have questioned whether the world truly needs cloud gaming, there’s clearly potential for both xCloud and Stadia to flourish during the next decade.


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AN objective analysis of the recently announced agriculture relief package reveals that the government has overlooked the real demands of the farmers, even though it claims that the package was revealed after consultations with the growers’ representatives.
The announcement of a suitable support price was the main demand of the farmers. They said they are unable to recover their high production costs at current market prices. They requested the government to fix the price of major crops such as cotton, rice (basmati), sugarcane and maize.
After a careful analysis of the support package, the Institute of Policy Reforms (IPR) also recommended the addition of support prices in the package. The government’s reluctance to announce an acceptable support price could be attributed to pressure by influential millers and exporters.
A cash subsidy of Rs5,000 per acre to rice and cotton farmers with 12.5 acres of land or less to address the issue of high production costs is insufficient and may hardly materialise. Given the rampant corruption in the system, many unintended persons would take the benefit.
It is also ambiguous that how the cash payments would be disbursed. Moreover, many farmers who are bearing the brunt of the high input costs are excluded from the scheme.
The second major demand of the farmers was a substantial subsidy on agricultural inputs, particularly fertiliser. The current prices of di-ammonium phosphate (DAP) and urea are quite high, limiting their usage by the marginalised growers. The package doesn’t offer any considerable subsidy on fertilisers.
The president of the All Pakistan Kissan Ittehad, Major (retd) Muhammad Tariq, said due to weak market regulatory mechanisms, these benefits would go to the industrialists and dealers rather than to farmers.
The president of the All Pakistan Kissan Itehad, Major (retd) Muhammad Tariq, said due to weak market regulatory mechanisms, the benefits would go to industrialists and dealers rather than to farmers
Interestingly, the government had increased the price of gas a week before announcing the package. Owing to this price increase, the price of urea had risen by Rs200 per bag. Now, after negotiations, fertiliser manufacturers have agreed to reduce urea prices by Rs105 per 50kg bag given the reversal in the recent gas price hike. Maybe the farmers understand its implications, and thus have demanded the removal of GST on fertilisers.
Other provisions of the package are also potentially advantageous for well-off farmers. A significant reduction in the import duty on agricultural machinery and subsidy for solar tube-wells will entirely benefit the large landowners. The IPR has suggested that the GST on light diesel oil should be reduced from 29.5pc to 7pc as more than 85pc of the tube-wells are operating on diesel.
Overall, the farmers seem unhappy with the agriculture package. Farmer-based organisations like the Pakistan Kissan Ittehad, Kissan Board, Kissan Raj Party, All Pakistan Kissan Ittehad and the Pakistan Agriculture Forum have expressed their concerns.
However, the Kissan Welfare Association and the Kissan Bachao Tahreek have lauded the prime minister’s relief package and urged the government to implement it in a transparent manner.
If the incumbent regime is genuinely interested in reinvigorating this vital sector of the economy and making farming a sustainably profitable enterprise for resource-poor growers, it must come up with a comprehensive agriculture policy and potent measures after taking all the provinces on board.
The writer is a Research Associate at King Saud University, Riyadh, KSA.
Published in Dawn, Business & Finance weekly, October 19th , 2015
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Costa Cruises plans to restart Mediterranean sailings next month, the line said Tuesday.
Costa said the return to cruising, authorized this week by the Italian government, will be done in stages. The first ship scheduled to sail is the Costa Deliziosa on Sept. 6. It will offer weekly cruises from Trieste, Italy, to Greece, the line said.
The Costa Diadema is set to follow Sept. 19 with seven-day cruises from Genoa, Italy, to ports in Italy and Malta.
Cruising is still on pause in the U.S., but several lines are preparing to ease into European cruising. Aida Cruises, Carnival Corp.'s Germany-focused cruise line, also plans to start in September, from the ports of Kiel and Hamburg. Two of Hapag-Lloyd Cruises' ships resumed at 40% capacity, restricted to residents of Germany, Austria and Switzerland. Tui Cruises' Mein Schiff is operating short cruises-to-nowhere from Hamburg.
Hurtigruten is continuing to operate its Norwegian coastal voyages, although it stopped its expedition cruises after some crew and passengers tested positive for Covid on one of its ships.
Also this week, MSC Cruises said it will resume sailing on two ships from Italy in August.
Those cruises are being sold to European travelers only, and shore access is only permitted through authorized shore excursions.
Costa did not specify any restrictions on travelers, although Americans are still prohibited from traveling to the E.U. due to high Covid-19 infection rates in the U.S. The statement from Costa said that details on the itineraries would be forthcoming and that it was working with local institutions, health authorities, ports and its classification society.


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|Credit: Photo Credit: Karl Tate|
I have news for you, America: The odds of Washington solving this country's jobs problem are about the same as China getting out of the export business.
No politician, left, right or center, holds the key to unlock the job creation vault. Only American consumers can do that, and so far they've been unwilling to rise to the challenge.
Contrary to popular belief, the lack of jobs does not stem from a lack of viable businesses that need employees. To the contrary, America is filled with enthusiastic, eager, brilliant, motivated entrepreneurs and business owners who would love to embark on launching, growing and expanding their businesses. Small business have traditionally employed 44 percent of this country's non-governmental workforce.
And, in spite of what you hear from politicians, tax credits are not the thing that's going to allow them to do it. It's not high taxes or government regulations that are keeping most small businesses from hiring . It's a lack of customers.
Until American consumers decide that buying from American companies is more important than getting the cheapest price, we will never return to the boom times we remember.
This jobs debate is like the modern day version of "The Emperor's New Clothes." Everyone goes along with the rest of the crowd, pretending that the jobs issue is a political one and can be solved with legislation and government intervention. Until Americans start worrying more about reviving the U.S. economy through their own actions and less about saving a couple dollars on a sweatshirt from Walmart, we are doomed to wallow in our current state.
In the last decade, America lost one third (5.73 million) of its manufacturing jobs . Where do you think those workers used to buy their groceries, get their cars fixed and go out to dinner? In your town. And, now, they are not. The impact of those job losses on the small business owners who depended on those employed workers to spend their money and help them pay their own employees is immeasurable.
Manufacturing jobs didn't disappear. They moved away. In the last decade Americans have continued to consume more and more goods. As manufacturing jobs moved overseas, products became cheaper (because foreign companies are not always required to pay their employees fairly, offer benefits or adhere to environmental regulations). Cheap goods meant that Americans consumed more and felt prosperous.
We are now paying for all those short-term savings.
Unemployment is lowest among the best educated and among skilled trade workers. It's hard to outsource college professors, doctors, lawyers and plumbers. Until we start treating manufacturing jobs with the same respect and collectively decide to pay more for our goods and services so that American companies can afford to pay a fair wage, offer fair benefits and operate within reasonable environmental regulations — all to our collective benefit — the U.S. job market will continue to flounder.
In recent months, we've seen battles between private sector workers, demanding that public service workers — teachers, police officers, healthcare workers — give up their benefits and stability. The mantra is: "I don't have that kind of job security, why should you?"
We are undermining ourselves with this kind of thinking. Rather than wrestling on the ground over the scraps while big corporations continue to improve profitability by sending American jobs overseas, we should be demanding that they return their manufacturing, design, assembly and creative jobs back to the U.S. Rather than ask our public workers to take less, we should demand — by voting with our dollars for American-made products — that privately-held American companies give their workers more.
And those demands can't be made on the backs of small business. Until small business owners have enough customers willing to pay for their services, they will not be able to hire more or pay their existing employees better. Ultimately, the power to bring back American jobs lies with every American armed with a credit card and a conscience.


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Users of the Sony PlayStation Store will have to wait another five days before the service is fully operational, according to a memo that's been sent out to key games developers.
Sony has suffered all manner of setbacks since the PSN hack back in mid-April, but now it seems the end is finally in sight.
Gamasutra has managed to get its hands on a publishing schedule that cites 24 May as the day the PSN is properly back up and running.
In the next few weeks, Sony is looking to push new games on to the PlayStation Store in two batches – this will begin 24 May and continue 27 May.
After this, users of the store will then be entitled to their two free games, which they can choose from a list that includes: LittleBigPlanet, Wipeout HD and Dead Nation.
They will also get access to the premium side of the PSN and free streaming from Qirocity.
Sony hit another setback this week, when it had to take its password system offline.
While most thought this was because it was prone to another hack, Sony is maintaining that the site was taken offline for different reasons, with Patrick Seybold from Sony saying on the company's US blog: "We temporarily took down the PSN and Qriocity password reset page.
"Contrary to some reports, there was no hack involved. In the process of resetting of passwords there was a URL exploit that we have subsequently fixed."
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Marc Chacksfield is the Editor In Chief, Shortlist.com at DC Thomson. He started out life as a movie writer for numerous (now defunct) magazines and soon found himself online - editing a gaggle of gadget sites, including TechRadar, Digital Camera World and Tom's Guide UK. At Shortlist you'll find him mostly writing about movies and tech, so no change there then.


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Inflation has been a persisting issue in the United States for months on end. This ultimately boils down to the recent $1.9 trillion spending bill passed months ago; however, the $1.2 trillion legislation Biden signed into law last week certainly won’t do the economy any favors.
For quite some time, the Biden administration has been intentionally downplaying the reality of inflation. First, they said it wouldn’t happen; then, they claimed inflation would be nothing more than transitory.
The lies and excuses simply do not hold water. Contrary to the beliefs of the White House, Americans aren’t stupid.
Furthermore, as inflation continues to get more out of control, the Biden administration has been forced to admit the truth, as Washington Examiner points out.
Facing the Music on the U.S. Economy
On Monday, President Biden declared the United States has quite a journey ahead before the “pain” from COVID is fully fixed.
Apparently, this was the president’s indirect and begrudging way of acknowledging Americans are facing inflation levels not seen in multiple decades.
The Biden administration addressing inflation: pic.twitter.com/KOa2qBsnyl
— YAF (@yaf) November 20, 2021
Later, Biden went on to profess he’s aware situations are “hard” for many Americans, due to higher costs. What Biden did not mention is his own policies and spending bills have engendered these higher costs.
Multiple polls have shown Americans growing increasingly displeased with Biden’s handling of inflation. Now, it appears the 46th president’s handlers put together a speech for him and told him to at least make it look like he understands what is happening.
Devaluing the American Dollar
The immense tragedy of what Americans see with inflation is that all of this could have been avoided. Yet, Democrats and Joe Biden chose to pass wasteful spending bills, hence the present economic crisis.
This president is furthermore responsible for devaluing the worth and spending power of the American dollar. Therefore, companies like Dollar Tree are announcing they’re going to be increasing the prices consumers have to pay.
At this time, inflation is expected to continue into a good part of 2022. Many Americans have concerns that months from now, inflation could be even higher than it currently is.
Joe Biden is the inflation president. https://t.co/dcBSqMulXQ
— Tom Cotton (@TomCottonAR) November 24, 2021
What this means is life is going to continue to get harder for many families in the United States. It also means stores will be forced to increase their prices, thus costing consumers even more money than they’re paying now.
This, apparently, is what the president of the United States believes is building back better. This couldn’t be more unfortunate for the many struggling Americans across the country.
What do you think about Biden’s loose acknowledgement of inflation? What do you think the White House should do to lessen the burden of higher prices in the nation? Let us get your thoughts in the comments area below.


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The word “bank open API” has been rarely used, but instead recently the word “open banking” has become popular. This is a sign that the API tool has been generally acknowledged by the financial industry, and interest has been shifted to the value and business model it brings. This article introduces NTT DATA’s efforts on open banking.
In Japan, due to the revised Banking Act in 2017, domestic financial institutions are obliged to make efforts in connection with open APIs. In the 2017, Future Investment Strategy set a KPI of introducing open APIs in more than 80 banks by June 2020. If you look at the following trend in the financial industry, only a few of the financial institutions do not support APIs for both personal and corporate services, far exceeding KPI set by the Financial Services Agency. Furthermore, the latest registration status of “Electronic Payment Agents”, another pillar of the revised Banking Act, was 41 companies *1, about the same progress as UK (76 companies) *2 that started the system ahead of Japan.
With open API, a tool that promotes external collaboration, financial institutions are required to remodel their business. The open API utilization model depends on the spread of the eco system built by financial institutions, and hence the business model can be categorized in the following types:
In-house API utilization for cost reduction and speed up (internal API)
Utilization of API, to incorporate external functions for the purpose of strengthening services.
Utilization of API to provide services via external channels.
Utilization of API as a platform to connect both service providers and users.
There is a new open platform business model called “open banking” and it has been attracting attentions in the recent years. In fact, some domestic financial institutions have already begun to make efforts to place the platform business model as a pillar of their strategy and hence they are expected to bring about dynamic changes in the financial services in the future. The new customer experience value that Open banking brings is not limited to the convenient financial services of Fintech companies.
Through cooperation with non-financial businesses, it will now be possible to solve various burdens and problems that arise in customers’ daily lives and life events, and to incorporate the accompanying financial transactions into daily life without stress.
In today’s trend, NTT DATA has been offering the OpenBanking platform named “OpenCanvas” since September 2017.
Although this has already been introduced as an open API management platform for many financial institutions, the following initiatives have recently been implemented to further enhance the platform functions.
Enhanced PaaS/SaaS functions (various authentication services, AI platform, Blockchain platform, Chatbot etc.)
Expansion of API use cases
Secure connection with external public cloud and public/corporate network
Providing opportunities for matching financial institutions/Fintech companies/external operators through regularly held forums.
Active POC implementation
Collaboration with many external companies
NTT DATA will continue to promote new initiatives as a partner that encourages customers to transform into a new business model using IT.


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Despite Jack Ma’s conspicuous absence from the state media’s list of tech luminaries, his empire cannot be ignored.
On February 2, Alibaba reported that revenue soared 37 percent year-over-year to 33.89 billion in the quarter ending December 31, besting analysts’ estimates of 33.23 billion. Ma’s tech powerhouse also grew its army of annual active consumers by 22 million to 779 million, boasting higher purchase frequency from all city tiers.
While other companies were hit hard by sweeping store closures, the e-commerce giant has gained from China’s quick recovery and the accelerated shift to online shopping. Not only did its cross-border platform Tmall Global achieve triple-digit growth, but its Singles’ Day Festival saw record-high sales of 74.1 billion from over 250,000 participating brands.
On top of Alibaba’s strong core commerce, the company also reported profitability for its cloud computing business for the first time, boasting an adjusted EBITA (earnings before interest, taxes, and amortization) of 3 million.
“Our cloud computing business continues to expand market leadership and show strong growth, reflecting the massive potential of China’s nascent cloud computing market as well as our years of investment in technology,” CEO Daniel Zhang said in a press release. In a 2018 interview, Zhang told CNBC that cloud computing would be Alibaba’s main business in the future.
This expansion beyond e-commerce may be a necessary change as the company faces antitrust probes and IPO roadblocks from Beijing. In December, China’s State Administration for Market Regulation (SAMR) opened an investigation into Alibaba over monopolistic practices that forced sellers into choosing one of two e-commerce platforms.
A month earlier, regulators abruptly halted Ant Group’s 35 billion IPO after Ma blasted them for taking an outdated approach to financial oversight and stymying innovation. Since then, the billionaire has laid low, rearing his head only to speak at a charity event in January.
Alibaba has said it will cooperate on investigations and develop a rectification plan for Ant Group, but this may not be enough to assuage rattled investors. As China continues to crack down on tech titans and overhaul its internet ecosystem, only one thing remains certain: the days of Alibaba’s unchecked growth are over.


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The new European Union data protection regulation to replace the outdated 1995 directive will not be finalised before May’s European Parliament elections.
The council of ministers’ lawyer is challenging the “one stop shop” principle, which is a major setback for the European Commission and humiliation for EU Justice Commissioner Viviane Reding, who has championed the reforms.
After 27 months of intense lobbying and debate, we are no closer to being able to say exactly what the future of the law reform process looks like or how it will affect business in the region – despite the European Parliament voting to adopt the draft legislation on its first reading on 12 March, to consolidate the work done so far and hand it over to the next Parliament. This means that MEPs newly elected in May 2014 can decide not to start from scratch, but instead build on work done during the current term.
But for many people in business, the outlines of the regulation set out in the proposed draft and what it will all mean, has become obscured by a storm of controversy.
The UK government is deeply opposed, and now that there is a storm of Euro-scepticism setting in across much of Europe, the draft regulation is likely to remain controversial for the foreseeable future.
A review of the draft in late 2013 by the Committee on Civil Liberties, Justice and Home Affairs (LIBE) unleashed even more debate that resulted in 91 amendments.
These in turn gave rise to further debate as the European Parliament sought to thrash out a final version of the regulation through a series of negotiations with member states.
Stewart Room, partner at law firm Field Fisher Waterhouse believes there will be a new law in the medium term because there is consensus across Europe and the data controller community that change is needed. However, he does not believe that a regulation is certain.
“I would much prefer to hedge my bets on an amended data protection directive of much less ambition than Viviane Reding’s model,” he told Computer Weekly.
But despite the confusion in the law reform process, Room says there is no reason for businesses to wait until the final version is agreed and published before taking any action – EU data protection regulators are acting as if the regulation were already in force on key points, so there will be no excuse for being unprepared when the new law comes into force, whatever its make up or complexion.
Room believes that the greatest effects will be around corporate governance and enforcement, which will involve a lot more red tape for businesses and costs that they will inevitably pass on to customers.
According to Field Fisher Waterhouse, after clearing away all the misleading and irrelevant clutter, there are 10 key features of Viviane Reding’s model that now need to be debated properly. These are:
1. ‘One stop shop’ versus ‘lead authority’
The “one stop shop” mechanism – whereby local data protection watchdogs can act on behalf of all EU countries – has been replaced by the concept of a “lead authority”, which will be responsible for consulting with the other competent authorities, taking their opinions into account and working towards an agreed position.
Room says this proposal is unlikely to satisfy global businesses because he sees the proposal as a “fudge” that looks good on paper. “There will still be too many regulatory views put into the system to call it streamlined and business friendly,” he says.
2. Increased fines
The draft has introduced significant fines and sanctions. Businesses that do not comply with the new regulation could be subject to fines of up to €100m or 5% of annual worldwide turnover, whichever is greater.
This is a significant increase from the original 2% proposed. Written warnings for first offences and regular data protection audits have also been proposed as an alternative to the standard financial sanctions.
Room says the new regime needs to focus more on positive incentives for compliance. “Presently there are none. This is a big mistake. Businesses often respond better to carrots than sticks,” he says.
3. Icon-based privacy notices
A new concept is the requirement for information to be provided to individuals in two ways: (i) in a yes/no icon-based table; and (ii) in a detailed notice.
This means it is highly likely that businesses will need to update all of their existing transparency mechanisms to meet this additional obligation, incurring unavoidable external costs.
“From an online shopper’s point of view there will be very little change except that privacy notices will be more prominent than before, but basic interactions with businesses online will essentially remain the same,” says Room.
Beyond this, users of online services are unlikely to be aware of any extra protection afforded by the new regulation. In fact, Room says it may take decades before any real benefits become obvious.
4. Privacy impact assessments (PIAs)
Businesses will be required to complete PIAs at least annually and in some instances the data protection officer or supervisory authority will need to be consulted. This is another example of increased administration and costs for businesses as a result of the proposals.
However, Room says that businesses do need to think hard about privacy risk. In the long run, he believes that businesses everywhere will see PIAs as part of the core business.
5. Increased threshold for appointment of Data Protection Officers (DPO)
The latest draft also introduces a requirement for all businesses processing personal data relating to 5,000 or more data subjects in any consecutive 12-month period, to appoint a DPO. It also introduces a two- or four-year minimum term for the DPO and they must also meet certain minimum criteria to be appointed.
Room is deeply critical of the DPO proposal. He does not see is as being evidence-based. “Businesses should have more flexibility about mechanisms they implement for monitoring compliance,” he says.
6. Territorial scope
The scope of the law has been extended so that it would also apply to businesses outside of the EU as long as they are processing personal data related to individuals established within the EU. This includes businesses processing personal data in order to offer services to or to monitor data subjects in the EU.
According to Room, this ultimately means that most website operators anywhere in the world could be captured and would be directly subject to EU law. But, in reality, the law firm says it is difficult to see how EU authorities would effectively monitor and enforce the regulation against non-EU businesses.
7. Distorted scope of international data transfers
The criteria for assessing adequacy has been amended, blurring the lines of what is acceptable in relation to data transfers to non-EU countries. However, Field Fisher Waterhouse believes for those businesses that frequently transfer personal data from the EU to third countries, they may be able to transfer data more freely if both the EU-based data controller and the non-EU recipient have been granted a valid European data protection seal.
8. European data protection seal (certification by authority or third party)
The latest draft encourages businesses to certify their data processing with a supervisory authority. When granted, the certification would be valid for up to five years and recorded on a public register.
Field Fisher Waterhouse says the primary benefit of this proposal is that it potentially provides businesses with lawful grounds for international transfers.
However, Room is sceptical about the viability of seal proposals. “Europe got it deeply wrong on e-signatures seals and killed the industry for trust certificates in Europe. My main concern is that business is too proprietorial to adopt seals, and trust authorities are too cumbersome or inefficient to scale,” he says.
9. Data breaches to be reported ‘without undue delay’
The latest draft requires notification “without undue delay” as opposed to “within 24 hours”where there has been a data breach. There is also an obligation on supervisory authorities to maintain a public register of the types of breach notified.
This will place greater emphasis on the compliance function of most businesses to ensure internal policies and procedures are implemented and maintained.
“I am a big fan of breach disclosure as a theoretical benefit for consumers and the economy, but too much disclosure creates information overload. It is also worrying that breach disclosure could be merely creating a sausage machine for data protection fines,” says Room.
10. Consent must be freely given
Consent must be freely given and obtained for a specific purpose. Many have expressed concerns that to obtain “explicit” consent may not be achievable in many cases. However, the concept has been retained in the latest draft, so unless this is removed in the final stages, businesses and websites that currently rely on implied consent will face difficulties.
Considering the above 10 points, Room believes that core business processes will be affected little, with most changes relating to corporate governance and supervision.
“If the regulation survives, you will see a lot more red tape around corporate governance and much more regulatory intervention,” he warns.
This means businesses will have to spend more time each year on new processes that enable them to demonstrate they are taking reasonable steps to ensure all personal data is protected adequately.
The most evident initial effect of the new regulation, therefore, is likely to be financial as providers of goods and services online pass those costs on to their customers.
The same is true when it comes to enforcement of the new regulations, which will, for example, require much more careful categorisation of data to ensure personal data is properly identified and protected.
The new regulation, therefore, would be likely to result in a lot more interference in business processes by data protection authorities.
This has led to some businesses questioning whether data protection authorities are to be trusted with the extra powers that will come with the new regulation.
In the UK, at least, the outlook is bright. Room says UK data protection authority, the Information Commissioner’s Office (ICO) is a much better regulator than it was back in 2011.
“I am seeing much more maturity in terms of enforcement which has led to a better understanding of business issues. From the business perspective, the ICO is to be congratulated,” he says.
However, Room says not all EU data protection authorities have matured in a similar way, which means some countries will see a marked increase in enforcement action.
Only once the maturing process is complete in all countries, he says, will the EU as a whole enjoy a better level of privacy with all data protection regulators working in partnership with business.


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Huawei announced huge revenue hits following the ban by the U.S. Notable in the write up is the quote "'We never thought that the U.S.'s determination to attack Huawei would be so strong, so firm,' Ren said Monday during a panel discussion at company headquarters in Shenzhen." Really? Have not been following Trump and his proclivities? There hasn't been a president so resolute in his handling of the economy in years.
This announcement follows on the heals of my previous post which substantiates their change in their business model.


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The 1,000-foot display of lights outside Denver International Airport is experiencing technical difficulties.
Intended as a showpiece for the airport’s ambition and Panasonic’s LED technology, the $14.5 million government-funded sign has produced one headache after another for the city airport. Now, it has gone mostly dark.
The display, consisting of hundreds of illuminated rods and several television-style advertising displays along Peña Boulevard, was powered up late in 2017. Originally, the lights pulsed smoothly from one color to another.
In recent months, though, the display has become increasingly erratic. At first, a handful of sticks would appear dark or discolored. More recently, a video captured by a Denver Post reader showed larger chunks of the display malfunctioning.
And on April 5 the luminous cylinders went completely dark. “The airport has chosen to turn off the sticks until Panasonic can fix the problems that are occurring,” wrote airport spokesperson Emily Williams in an email.
Panasonic is working “to determine a plan for permanent repairs,” said airport spokesperson Alex Renteria. Meanwhile, several large advertising display screens remain active.
A representative for Panasonic didn’t immediately comment on Thursday.
Denver International Airport paid $11.5 million for Panasonic to build the sign and another $3 million for 12 years of maintenance. The money came from airport revenues, which are reserved for airport purposes.
Currently, the airport is collecting $12,500 in monthly revenue from the sign. That’s the minimum amount that’s guaranteed by the ad management company Outfront, which the city hired this year. At that rate, it would take 93 years to pay off the sign’s costs.
But airport officials think it will be faster: They’re anticipating $1.2 million worth of ad sales in the contract’s first year. As it generates more profits, Denver will collect two-thirds of the ad revenues, with the rest going to Outfront.
Correction: This article previously misstated which company shares the sign’s advertising revenue with Denver International Airport.


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However, sometimes, like all of us, despite carrying an outfit with panache, Malaika too faces a fashion faux pas. Today, let us tell you about a 2020 incident when Malaika graced the red carpet of Miss Diva Universe Grand Finale.
Malaika was seen dressed in a floor-sweeping one-shoulder ruffled gown with multiple layers. The thigh-high slit gown was from the label Georges Chakra. The gown had many shades of yellow and the floral pattern made by the ruffles was the highlight of the dress.
Malaika completed her look with a pair of golden strappy heels and accessorised it with a pair of diamond hanging earrings.
However, when the diva stepped on the red carpet to pose for the cameras, she became a victim of an ‘oops moment’ in her risque thigh-high-slit gown.
But, Malaika handled the situation with grace and fixed her dress, getting back to posing for the hundreds of cameras waiting to capture her.
Recently, the actor also became a victim of social media trolls when she was photographed going to her Yoga session and was severely mocked for the way she walked. Many people commented on the video and compared Malaika’s walk to that of a ‘duck’.
This isn’t the first time Malaika has been trolled for her walk while posing for the paps.


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|52 Wk Low/High||31.92 / 46.76|
A study of analyst recommendations at the major brokerages shows that General Motors Co is the #41 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.
Jim discusses Comcast's bid for Sky, Broadcom, Fed Chair Powell's testimony and more.
U.S. steelmakers rose in stock market trading Monday on reports that President Donald Trump wants to impose new tariffs on imports of aluminum and steel.
Analysts say Telsa needs to deliver on volume and quality of the new Model 3 or risk losing customers and investors.
The car company hits the top again on 2018 reviews led by its compact car the Corolla.
From Amazon to Ford to Ulta, here are Jefferies analysts' best picks as tax reform savings boost consumer spending this year.
When you take your eye off of an avalanche of earnings, these are the stories you need to watch Wednesday.
U.S. stock futures trade lower Wednesday, ahead of the release of minutes from the Federal Reserve's meeting in January.
Auto stocks have taken a pounding on fears of rising interest rates. But one investment bank says the fears are overblown.
Beware, U.S. car companies, there are several China startups that want to steal your sales.
The insurgent manager that helped engineer the Amazon-Whole Foods combination just offered up a window into his latest allocations, any of which could soon become campaigns. Both Jana Partners and Warren Buffett's Berkshire Hathaway Inc. reported new positions in Teva
With Dow futures pointed south, it looks to be another interesting day on Wall Street. Here's what you need to know.
U.S. stock futures are under pressure on Tuesday, following strong gains on Monday that saw the Dow Jones Industrial Average rise more than 400 points.
Ford's Lincoln Navigator is seeing strong demand and will hopefully help pad the bottom line now that the automaker is boosting its production.
We are all trying to figure out if stocks got this high strictly because of the S&P 500 and its correlation to the bond market.
According to some analysts, Micron stock could have more than 80% upside from current levels.
The Detroit-based automaker posted adjusted earnings of $1.65 per share on revenue of $37.7 billion for the fiscal fourth quarter.
Maybe inverse and/or leveraged positions are perverse in nature.
U.S. stock futures are swinging wildly in and out of positive territory on Tuesday, and European stocks suffer steep declines, as investors try to make sense of a market rout that has spread globally.
Jerome Powell's first week as Fed chairman follows the largest equity market decline in two years amid signs of domestic inflation pressures that could test the central bank's rate path.
The stock market is starting to look a little wobbly. Will it finally fall apart this month? Meanwhile on Jolt, earnings season rages on.
The Dow jumps 37 points on the first trading day of February.
Strong Start for Buick, Driven by Envision, LaCrosse
With tons of auto ads airing during this Super Bowl LII, Hyundai attempts to differentiate itself by dropping Hollywood in lieu of every parent who faithfully stand on the sidelines at pee wee soccer games. Watch the video here!
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Nissan presents its new environmental plan
Nissan Motor Co., Ltd.. today announced its new environmental plan for a term of six years, the Nissan Green Program 2016 (NGP 2016). This again will focus on three areas:
The reduction of the carbon footprint
The transition to renewable energy
Reinforced the diversity of resources USED Nissan
The Nissan Green Program 2016, the third medium-term environmental Nissan has the following objectives by the end of fiscal 2016:
# 1 of zero emission vehicles: cumulated sales of 1.5 million zero-emission vehicles across the Renault-Nissan Alliance 2016;
Leading to Energy Efficiency: 35% decrease in fuel consumption compared to 2005 average for the company on all Nissan vehicles sold in Japan, China, Europe and the United States;
Leader of the low carbon footprint of the company: 20% reduction per vehicle of CO2 emissions related to the activities of the company compared to 2005:
Leader in closed loop recycling: getting 25% utilization of recycled materials.
"More and more consumers are demanding products that conform to their values, including cars and commercial vehicles have lower carbon footprint, said Carlos Ghosn, Nissan President and Chief Executive Officer. In parallel, we have the technology to make our profit greener and more efficient plants. Nissan intends to contribute to solutions for a sustainable society, in the interests of the planet and to provide a decisive and strategic differentiator in the global manufacturing sector "competitive advantage.
The Nissan Green Program 2016 is the pillar of sustainability in Nissan's Blue Citizenship, the strategic platform for the company covering the area of corporate social responsibility. Blue Citizenship focuses on three areas: Durability, Mobility and Community. Today's announcement of the Nissan Green Program 2016 represents the first initiative, among many others, taken under Blue Citizenship.
Among the concrete measures the Nissan Green Program 2016 include:
# 1 of zero emission vehicles: cumulated sales of 1.5 million zero-emission vehicles across the Renault-Nissan Alliance. On behalf of the Alliance, Nissan will lead the development of a new electric vehicle has fuel cell realized with the strategic partner Daimler;
Leading to Energy Efficiency: 35% decrease in fuel consumption compared to 2005 average for the company by launching products offering outstanding fuel efficiency in a wide range of segments in Japan, China, and Europe United States, for example:
A new hybrid model has front-wheel drive;
A new hybrid model based on the single rechargeable Nissan technology;
The introduction of a gearbox continuously variable (CVT) next generation, with the aim to reach 20 million units cumulated CVT since the first launch in 1992 this type of transmission in Nissan.
Leading low corporate carbon footprint: 20% reduction per vehicle of CO2 emissions related to the activities of the company compared to 2005:
By expanding the scope of measurable objectives beyond production sites, namely a particular logistics, offices and concessions;
Introducing renewable energy on production sites and ancillary facilities.
Leader in recycling in closed loop by becoming the first automotive company has set a goal of recycling and implement a comprehensive system of closed loop recycling, including steel, aluminum and plastic which includes?:
The realization of utilization of recycled resources of 25% by 2016.
The application for new vehicles of recycled materials from production losses or vehicles and parts at the end of life.
The reduction in the consumption of rare earth elements.
The Nissan Green Program 2016 detail on http://www.nissan-global.com/EN/ENVIRONMENT/APPROACH/GREENPROGRAM/
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While many gamers trying to figure out why Yakuza 7 will feature turn-based combat, we should remember it's not the first game franchise to switch genres.
Resident Evil’s tossed its hat in a few different rings as well. Fixed camera tank controls (Classic). First person on rails (Chronicles). Light gun (Survivor/Dead Aim). Turn based strategy (Confidential Report) Multiplayer PvP/PvE (Outbreak/Corps). Third person shooter (RE6) First person VR (RE7).
Wow this was a fantastic list I especially loved that you included Duke Nukem and the Oddworld series. Not many people these days Duke Nukem started off as a 2D Platformer before Duke Nukem 3D and I absolutely adore Strangers Wrath.
N4G is a community of gamers posting and discussing the latest game news. It’s part of NewsBoiler, a network of social news sites covering today’s pop culture.


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Entries in 'bug' (4)
Breathe a sigh of relief – gamers who feared they may have lost their characters in The Division have been told their data is safe.
A game-wide bug has forced Riot to temporarily disable ranked League of Legends matches as it works to fix the issue.
Developer From Software has finally decided to address a bug that has affected players of Dark Souls 2 on PC since release.
The PS4 and PS3 versions of Helldivers suffer from a bug that wipes a user’s save data should their controller run out of battery mid-game.


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U.K. inflation soared to a 40-year high of 9% in April as food and energy prices spiraled, official figures uncovered Wednesday, escalating the country’s cost-of-living crisis.
Consumer prices rose by 2.5% month-on-month, fractionally below expectations for a 2.6% climb in a Reuters survey of business analysts, which had also projected a 9.1% yearly increase.
The 9% rise in the consumer price index is the highest since records started in their current form in 1989, outstripping the 8.4% annual rise posted in March 1992 and well ahead of the 7% seen in March of this current year. The U.K’s. Office for National Statistics likewise said its estimates suggest that inflation would have last been higher “sometime around 1982.”
From April 1, the U.K. energy regulator increased the household energy price cap by 54% following a surge in wholesale energy prices, including a record rise in global gas prices. The controller, Ofgem, has not ruled out further increases to the cap at its periodic reviews this year.


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There are conflicting media reports about whether the vehicle was plugged in at the time of the incident.
“It is still too early to draw conclusions as to what may have caused the incident,” Gabrielle Fontaine-Giroux of the Montreal Fire Department said. “The [department] is ensuring proper follow-up with electric vehicle experts.”
She didn’t answer when asked whether the vehicle was plugged in or charging at the time of the fire.
Transport Canada said it would provide more information Tuesday or Wednesday morning, at the latest.
Lithium battery fires aren’t new to the industry.
Earlier this year, fires involving Tesla Inc. and Nio Inc. cars in China prompted the industry there to take steps to alleviate concerns from potential customers. Tesla said a single battery module caused a car to catch fire in Shanghai and that it has revised vehicle settings to further protect batteries. Nio recalled 4,803 units after three fire incidents in China.
Mitsubishi in 2013 stopped production of the Outlander plug-in hybrid crossover — and briefly ceased Japanese sales — after one lithium ion battery melted at a dealership and another caught fire in an assembly plant.
In 2012, Chrysler Group LLC temporarily sidelined 109 trucks and 23 minivans in plug-in hybrid test fleets due to overheating batteries in some of the pickup trucks. There were no fires or injuries and the incidents occurred when the trucks were unoccupied, the automaker said at the time.
But a 2017 report by the U.S. National Highway traffic Safety Administration concluded: "The propensity and severity of fires and explosions from the accidental ignition of flammable electrolytic solvents used in [lithium-ion] battery systems are anticipated to be somewhat comparable to or perhaps slightly less than those for gasoline or diesel vehicular fuels."


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Chinese buyers have shown interest in Bordeaux 2014 en primeur wines, but pricing is crucial, according to the chief executive of ASC Fine Wines, John Watkins.
Several big names have released their 2014 wines in the past two weeks, but the overall feeling among merchants outside of Bordeaux was that this year’s en primeur campaign has struggled for momentum.
Some wines have sold well so far on the international market as a whole, such as Mouton Rothschild and Lynch Bages, which released at 240 euros per bottle ex-Bordeaux* and 60 euros respectively – even though this represented price rises of 11% and 20% versus 2013.
In China, where many consumers were reported to have avoided wines from the difficult 2013 vintage, the 2014 campaign has seen some selective purchases, according to ASC’s John Watkins.
‘China now has evolved to the same level as other mature markets,’ he said. ‘Producers need to leave some meat on the bone for the distributors and end consumers in exchange for paying now for delivery in two to three years. So far this year, the producers that are honouring this golden rule are attracting interest from our clients.’
He added, 'Those who increased prices this year over last year, despite the currency factor, are attracting little-to-no interest for their wines.'
Several merchants around the world have argued that Bordeaux chateaux and negociants need to win back consumers’ trust following three vintages of relatively weak en primeur campaigns.
According to a report by Liv-ex, anyone who has bought Bordeaux in the last five years would lose money on their purchase if they tried to sell the wines today.
Nick Martin, of the Wine Owners trading platform, which launched a Hong Kong division last year, said that ‘the ultimate focus must be on the consumer’.
Offering advice to consumers, he said: ‘Is there sufficient discount versus other vintages in the market to make it worthwhile to buy unfinished wine so early?’
*Ex-Bordeaux is the price of the wine when it is sold by Bordeaux negociants to merchants around the world.
(Additional report by Jane Anson)
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Popular bitcoin analyst and creator of the Stock-to-Flow (S2F) model under the pseudonym PlanB, has reaffirmed his conviction in his model, stating that bitcoin will hit a $100,000 price before December 2021.
In a recent tweet, PlanB stated that he remains convinced in the price prediction for BTC made by his S2F model and expects that by the end of 2021, the cryptocurrency will be trading around a price range of $100,000 to $288,000.
He said, “People ask if I still believe in my model. To be clear: I have no doubt whatsoever that bitcoin S2FX is correct and bitcoin will tap $100K-288K before Dec2021. In fact, I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice!”
PlanB’s S2F model tries to predict bitcoin’s long-term price by carefully considering the digital currency’s supply. It takes note of the fixed supply of bitcoin in addition to the Bitcoin Halving that causes the reward of bitcoin miners to be cut into two and reduces the rate of mining new bitcoins.
According to the S2F model, the price of bitcoin can reach the $100,000 to $288,000 mark based on two factors: a decrease in the supply of bitcoin overtime and a continuous increase in inflation.
Thus, for bitcoin’s price to hit $288,000, it will need to have a market cap of $5.5 trillion. The S2F model, judging by the digital currency’s supply curve and its halving, predicts that bitcoin’s market cap would attain a multi-trillion-dollar value by 2024.
“S2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020–2024) of $5.5T. This translates into a BTC price (given 19M BTC in 2020–2024) of $288K,” PlanB said.
Based on the S2F model predictions, 2021 will prove to be a very important year for bitcoin because it closely follows the third bitcoin block reward halving which took place just six months ago, in May 2020.
The halving had resulted in a decrease in the number of bitcoin mined daily and this will, in turn, result in a reduction of bitcoin supply in circulation over time. Bitcoin has witnessed a spectacular increase in price since the halving, moving from $8,700 to $15,500 within six months.
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Although incidents of automobile accidents and fatalities have been declining across the United States over the past several decades, statistics from the U.S. Census Bureau indicate that Mississippi is still not one of the safest states in which to drive. Safety on the state’s roads is affected by a myriad of factors, but recently, it appears that a new potential factor could be at play – faulty tires. Hercules Tire Rubber Co., which sells truck tires, sent a letter in February 2013 informing the National Highway Traffic Safety Administration that it would be recalling a number of its light-duty truck tires based on potential danger to drivers.
According to Hercules, the company elected to recall the Hercules All Trac A/T 10-ply Load Range E brand tires because the tires may experience tread or belt separations during the course of usage. Hercules explained that the tires, which were designed and manufactured for the company by Shandong Yongsheng Rubber Group Co. Ltd., are more likely to separate after having been in use for between one and two years. Additionally, Herculus said the All Trac A/T 10-ply Load Range E tires are more likely to develop problems in warmer climates. Thus, such incidents could conceivably occur in Mississippi, which has an average annual temperature of 65 degrees, with an average temperature of 81 degrees in July.
As a result of the voluntary recall, Hercules will be replacing all All Trac A/T 10-ply Load Range E tires free of charge. Unfortunately, the recall was not early enough for all drivers to avoid danger. A Hercules tire separation is alleged to be the cause of an accident for which a lawsuit was filed September 2012. In that case, the accident victim sued Hercules claiming that a tire defect was the cause of the collision. Based on its own investigation, Hercules determined that the tire at issue in the collision was likely one of the Shandong Yongsheng-produced tires that is now the subject of this recall. If you suspect that an accident in which you were involved had a similar cause, you should consult a Mississippi product liability attorney as soon as possible.
According to data from the National Highway Traffic Safety Administration, the tire separation issue is not a mere harmless technicality. The Administration reports that if the tire separation occurred on one of the affected tires, then a driver might lose control of the truck, which would increase the likelihood of a collision. The Administration also notes that there are two types of separation that can occur: tread and belt separations.
While the tire replacements offered by Hercules can help prevent future accidents for those not yet affected by tire separations, victims of crashes related to the product defect at issue are not without recourse. In Mississippi, as well as other states across the nation, drivers do have the ability to pursue compensation in a court of law for any property damage or physical injury caused by defective and unreasonably dangerous tires. Such lawsuits can help victims recover money spent on medical bills in the aftermath of accidents caused by the faulty products and make up for wages one would have earned if not for missing work to deal with the accident, in addition to pain and suffering and other damages. Because no two cases are the same, Mississippi product liability attorneys can help you understand if your situation is similar to lawsuits already instituted.
It’s important to contact an experienced products liability attorney when considering pursuing legal action over an accident allegedly caused by a malfunctioning Hercules All Trac A/T 10-ply Load Range E tire. Such an attorney can help you better understand the legal process and get to the bottom of whether or not you have a claim and how strong your case appears to be at the outset.
When looking for Mississippi product liability attorneys for your case, it is advisable to look for those with experience dealing with litigation of this kind. Product liability and defective product cases are unique, and it is important to hire a lawyer with the insight of a professional who routinely practices in that field. Attorney Group for Mississippi can help take the confusing and questions out of finding the right attorney. If you have been injured after discovering a defective tire, or even if you simply have questions regarding product liability, contact Attorney Group for Mississippi today for your free consultation.


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Welcome to E3 2014: Watch it live here
At last one of the biggest weeks in the geek calendar has finally come around again. The world’s gaming press and major developers and publishers have all descended on the Los Angeles Convention Center again to deliver four days of enticing footage and non-stop marketing spiel.
E3 Day Zero is like Christmas Day in the games industry. A press and investor-only event, it is a day that doesn’t exist on the official show schedule but it’s also when most of the major publishers and format owners deliver their keynote speeches and present many of their latest ideas and new titles for the first time outside of closed doors.
This year’s show promises to be an exciting one with all of the new major console launches out of the way and a reduced emphasis on the Xbox 360 and PS3. It should be the time when we can really start to see what the PS4 and Xbox One have to offer and should build excitement for the new games that are due for release this Christmas and beyond.
Courtesy of Twitch we are able to bring all of the major press conferences to you live via this page. We will also be doing a round-up of each one and offer our opinions on what’s on display so stay tuned for that.
Any times shown in the video feed below are in Pacific (Los Angeles) time but as we are mainly a UK-based community, the UK press conference schedule is as follows:
Microsoft Xbox: Monday 9th June at 5:30pm
EA: Monday 9th June at 8:00pm
Ubisoft: Monday 9th June at 11:00pm
Sony PlayStation: Tuesday 10th June at 2:00am
Nintendo Direct: Tuesday 10th June at 5:00pm
There will also be live presentations and the world premiers of Battlefield: Hardline from EA, Assassin’s Creed: Unity from Ubisoft and Battlecry from Bethesda among others so stick around for those too if you can.
Please note that in past years there have been issues with overloaded traffic on the live streams. Hopefully things should work out better this time considering the growing popularity of Twitch and support for live E3 coverage but if you do experience any freezes or lag then reducing the video quality on the stream usually helps.
Feel free to let us know what you think of the presentations and games on show and have a great E3 everyone.


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ROBIN HOOD: THE RETURN OF RICHARD ARTICLES
March 25, 2010 - "Robin Hood is a beloved character and players will have a lot of fun with this fast-paced shooter on their iPhone and iPod Touch," said Victoria Trofimova, Director at Nordcurrent. "Once players get a look at the gameplay via the trailer, they will be eager to give this game a try."
March 18, 2010 - "Robin Hood is such an iconic character, and we are excited to bring such a revered character to life on the iPhone and iPod Touch," said Victoria Trofimova, Director at Nordcurrent. "There are thousands of games to choose from these days, but with such a recognizable and compelling story and easy-to-learn playability, this game is a natural for iPhone and iPod Touch players."


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Techland has announced that the Dying Light franchise has moved an impressive 30 million units franchise-wide. The news comes on the first anniversary of the studio's most recent title, the post-apocalyptic survival game Dying Light 2, and details of the content to come in Year 2 have been revealed.
In the short term, changes are coming to the game's ragdoll and body physics in response to player feedback, which should hopefully make combat feel slightly more weighty. In addition, the night will become darker and even more full of terrors; details are scant on that last part, but we would imagine that means the Volatiles might be getting a bit of a buff, too.
Later in the year, players can expect an overhaul to Dying Light 2's vaunted parkour system and a revamp of core combat mechanics to keep things fresh. Finally, Techland teased the next piece of story DLC, hinting that this venture could have us running into some familiar faces from the first game, which is always fun.
Dying Light 2 will be supported for the next four years, which seemed like an ambitious plan when it was announced. But with sales figures like those, this level of support must be more than worth Techland's while.
Are you looking forward to the content coming in Year 2? What are your feelings on the state of the game as it is now? Let us know in the comments section below.


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The first wave of 8,000 to 10,000 teu ‘neo-panamax’ vessels started to flow through the widened Panama Canal a few months ago, signalling a new era in shipping and logistics in our hemisphere.
According to reports, within the first month of its opening, the expanded canal welcomed 53 vessels, including 22 liquefied petroleum gas vessels, 28 containerships and two vehicle carriers. The number of reservations that the canal has received from various types of neo-panamax vessels is growing by the week. This increasing demand is further evidence of the maritime industry’s continued trust in the expanded canal and the impact it will have on the future of global maritime trade.
For us in the Caribbean region, not only is it destined to have profound effects on container trade flows, ports and intermodal operations, but it widens the conversation among stakeholders about the strategic adaptive abilities of our sector, particularly when viewed in tandem with other critical global industry factors.


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On April 25, Philips announced its first-quarter results of 2022 and provided several updates about the recall of certain Philips Respironics PAP devices, including the announcement that it has received a subpoena from the US Department of Justice to provide information related to events leading to the Respironics recall. Philips indicated that it is cooperating with the agency.
Philips also provided several other updates about the PAP recall:
- Philips Respironics has more than tripled its weekly production output compared to 2020.
- To date, Philips Respironics has produced more than 2.2 million repair kits and replacement devices.
- The total expected units to be remediated have increased by approximately 300,000, primarily in the US. (This increases the global total to 5.5 million devices.)
- Philips Respironics expects to complete over 90% of the production and shipments to customers in 2022.
- Comprehensive testing and analyses related to the affected CPAP and BiPAP devices are expected to be completed in the second quarter of 2022.
In addition to providing updates in its first-quarter results, Philips issued a new report with a summary of polyester‐based polyurethane (PE‐PUR) sound abatement foam testing results and conclusions available to date. Previously, in March, Philips posted a second sleep and respiratory care bulletin for clinicians, which included insights to help patients understand new features available on the DreamStation 2 Auto CPAP Advanced device.


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JAPAN: Subaru expects to hit US sales target early
Fuji Heavy Industries now sees itself lifting US auto sales to 350,000 units in fiscal 2013, two years sooner than originally planned, president Yasuyuki Yoshinaga said.
Last year, the firm behind the Subaru brand had targeted fiscal 2015 for sales to reach that figure, a roughly 30% rise from fiscal 2010 levels, the Nikkei reported.
Stronger-than-expected sales of the Impreza will likely help raise Fuji Heavy's US sales to a record 330,000 units in fiscal 2012. Sales are also expected to get a boost from the planned American launch of the redesigned Subaru Forester sport utility vehicle.
"Our products are highly regarded (by US drivers) for safety features and fuel economy," Yoshinaga said.
Fuji Heavy is also thinking about increasing North American output capacity in fiscal 2015 or later.
"We hope to make a decision (on output expansion) by the end of this year," the president said, according to Nikkei.
On the Senkak Islands dispute and sales in China, Yoshinaga said that "we will still target sales of 100,000 units in fiscal 2015."
He added Fuji Heavy is still seeking to set up a Chinese production facility under a joint venture with a local automaker.
Quarterly/fiscal full year results continued to roll in this week with a healthy uptick at Suzuki in 2012/3, the latest Japanese automaker to finally shrug off the combined effects of the double whamm...
The analysts who wrote this report forecast the Global Automotive Transmission Systems market to grow at a CAGR of 5.1 percent over the period 2011-2015. One of the key factors contributing to this ma...
This QUBE report from just-auto provides a comprehensive overview of the global diesel technologies sector, major suppliers, top 14 markets, technology trends and market size forecasts. Use this repor...
New vehicle sales in the Philippines increased by 21% to 14,888 units in April, from 12,304 in the same month of last year, according to data released jointly by the Chamber of Automotive Manufacturer...
Vehicle sales growth and currency gains offset by new model launch expenses saw Subaru maker Fuji Heavy Industries boost operating income 173.9% to JPY120.4bn yen for the full year to 31 March, 2013....
Fuji Heavy Industries has announced the Subaru Impreza will be produced in its North American plant beginning in 2016....
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History for sale with 50-year antiques collection
SCOTTVILLE, Mich. -- An estate sale for part of the property of a popular western Michigan antique dealer is about to go on sale.
The Muskegon Chronicle reports ( http://bit.ly/1j0cdwo ) that collecting the items was a passion for Neil J. Frick. He died in July at the age of 87. Some of the items he collected at Frick's Old Country Store and in his apartment go on sale at the Scottville store from Thursday through Saturday. Other items will be auctioned in April.
Items he collected during more than 50 years include advertising signs, political memorabilia, lithographs, farm machinery, oil... read more
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