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Contrary to Bleak Headings, Las Vegas Convention Retail Trade Conference Attendees See Chance in Shifting Retail Landscape
About 37,000 merchants, retail brokers, financiers and other retail experts gathered in Las Vegas today for Reconnaissance, the industry’s biggest trade convention, amidst a concrete sense of aggravation– not a lot about the retail realty company, which stays evenly excellent, however rather over the bleak headlines and negative narrative concerning store closures and retailer bankruptcies that have actually dominated recent headlines.
Guests adopted a protective stance with a hint of defiance about what many described to CoStar as overblown sense of negativity by news outlets and market analysts in reporting and dissecting the woes of retailers such as Sears, JCPenney, Macy’s and a series of apparel chains and others that have actually revealed closures.
Throughout the sessions, brokers, proprietors and sellers ridiculed headlines pronouncing a “retail Armageddon” and the death of brick-and-mortar stores.
Brokers, owners and sellers loaded the Leasing Shopping center at Reconnaissance 2017 in Las Vegas today.”Contrary to a lot media coverage, the world is not concerning an end by any methods, for either physical retail or online retail. Just the opposite,” stated Ben Conwell, senior handling director with Cushman & & Wakefield.”Disruptive, yes, but great opportunities remain. We’re very, very bullish on the effective combination of the retail world with supply chain network.”
By the 3rd day, nevertheless, the narrative at the yearly celebration of international consumerism had actually moved to hammering out deals and sharing leasing and sales strategies in the changing enviornment. Conference goers worked their phones and loaded the Las Vegas Convention Center flooring checking prospective offers.
Panel discussions concentrated on repurposing malls and shopping mall with the latest food, beverage and home entertainment concepts, redeveloping aging Class B properties and rooting out the “surprise cash traps” in burdensome co-tenancy clauses and other leases terms.
“Everyone wants to find out exactly what the next hot food and home entertainment idea is going to be– what’s the next Topgolf, what they can do to get a piece of the action before the market becomes too saturated,” said Cushman & & Wakefield Vice President Garrick Brown. “The next decade is going to be all about mixed-use and redevelopment, developing a city feel in a suburban area.”
Hessam Nadji, president and CEO of Marcus & & Millichap, stated the repeating concern he is asked by customers is, “How do we turn the existing characteristics and unfavorable headings into chance?”
Westfield and other major shopping center gamers have actually mainly weeded out B and C residential or commercial properties and are focused on structure ‘fortress’ financial investments in their finest assets and areas, Nadji said throughout the investment brokerage’s annual Retail Trends conference at the Renaissance Hotel.
The world’s biggest shopping mall owner, Simon Property Group, (NYSE: SPG), this week revealed strategies to invest another $1 billion in redeveloping its homes. Over the previous 5 years, Simon stated it has invested more than $5 billion to update and broaden its homes, adding dining establishment and entertainment area and redeveloping previous outlet store sites to keep up with the altering choices of its customers.
Nadji stated shopping mall owners and investors need to think of how finest to reposition their residential or commercial properties based on specific consumer requires in their trade areas, including healthcare, dining establishments and tenants such as home improvement stores linked to the recovering single-family real estate market.
“It has to do with recycling the realty. It’s not about the retail,” Nadji said.
Alexander Goldfarb, REIT expert with Sandler O’Neill + Partners, stated this year’s Reconnaissance seemed like “a mission for the down-to-earth reality about the state of physical retail.”
“While the management teams seemed more sincere about the extent of the pressures on the industry, the message was the very same as in current profits calls– demand for quality areas endures, and now needs some additional sweat to accomplish,” Goldfarb stated.
Regardless of concerns over the possibility of extra outlet store closures and liquidations, leasing spreads for recaptured area seem staying intact. And while bigger sellers may be throttling back growth plans, new principles and small-shop occupants seem to be expanding, Goldfarb stated.
Richard W. Chichester, president and CEO of Faris Lee Investments, invests a great deal of his time listening to and recommending retail proprietors about the chances and challenges of rearranging underperforming shopping centers.
“The repurposing of retail is something individuals have actually discussed for several years, but most have not seen it yet,” Chichester said. “At no time in our professions have actually basics been more crucial. The most important thing is the quality of the realty– not the tenants. If it’s strong real estate and there’s an excellent business strategy, it’s defensible.”
Retail is the most complex and sophisticated of the significant commercial home types, with a smaller sized swimming pool of more extremely competent players in the market today dealing with locational, layout and co-tenancy concerns that merely do not exist in workplace, multifamily or industrial possessions, Chichester asserts.
“Retail is constantly fluid, transferring to the expectations of the customer. Amazon is now among the largest landlords in the nation, through a big traditional e-commerce presence,” Chichester said. “With its warehouse type stores, Wal-Mart was among the earliest examples of omni-channeling. When you take a tube of tooth paste off the rack, their system currently understands and is currently sending out the order to replenish their inventory.”
“Wal-Mart and Amazon are going to fulfill in the middle in a big collision,” Chichester stated in closing.


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Porsche has come under fire for allegedly editing out a famous statue of Jesus Christ in a new promotional video commemorating the 60th anniversary of its iconic 911 model.
In the two-minute original ad, a red Porsche 911 speeds past the Cristo Rei, but it shows only the statue’s pedestal and not the actual figure of Christ.
The original ad, which was shot in Portugal, is no longer viewable on YouTube after the German automaker made it private.
After receiving backlash, the above original ad is no longer available on YouTube, and a new video has since replaced the original ad, showing the Cristo Rei (Christ the King) statue about 44 seconds into the clip.
Meanwhile, Porsche has issued an apology to news outlets, calling the removal of the giant statue in its original advertisement “a mistake.”
A Porsche spokeswoman told the Daily Mail “In a previously uploaded version of the 911 S/T launch film, a landmark was removed. This was a mistake, and we apologize for any offense caused. The original film is online now.”
Porsche said in a statement to Fox Business that they “fully understand the hurt this has caused” and that the advertisement that did not include the Cristo Rei statue has been removed.
The removal of the monument, which was completed in the 1950s as a symbol of Portugal’s gratitude for escaping the horrors of World War II, sparked outrage online, with some calling the company “woke” and urging people to boycott the automaker.

domain: news


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Concerns About Mt. Gox Payouts Can Put Further Pressure on the Bitcoin (BTC) Price
The world’s largest cryptocurrency Bitcoin (BTC) has tanked below $56,000 hitting a one-month low and presumably its worst weekly efficiency in over six months. As of press time, Bitcoin is buying and selling 6.38% down at $56,104 with a market cap of $1,060 billion.
Now, there have been rising considerations that the collectors of the defunct crypto alternate Mt. Gox may be liquidating their funds. The six-year-long rehabilitation plan to refund the collectors of Mt. Gox has come to its closing stage. Earlier this week on November 16, Mt. Gox trustee Nobuaki Kobayashi stated that the rehab plan is now “closing and bidding”.
Matthew Dibb, chief working officer at Singapore-based crypto asset supervisor Stack Funds Advised Reuters that there have been profit-taking considerations amongst buyers with the Tokyo Courtroom signing off on the plans to repay the collectors. The expectations are that these collectors will seemingly flip sellers. Dibb added:
“Promoting strain has been fairly fixed. “These affected will obtain a big sum of bitcoin, seemingly occurring in Q1 or Q2 of 2022. This has introduced some concern into the market on a long run horizon”.
Is It Actually That Massive A Concern?
The Mt. Gox alternate which as soon as managed 70% of the worldwide Bitcoin buying and selling volumes went defunct again in 2014. The alternate misplaced a complete of 850,000 Bitcoins of which 200,000 have been recovered.
Now the Mt. Gox chapter is coming to an finish with the trustee Kobayashi saying that the collectors who filed for the declare will get their BTC “pretty fast”. Nevertheless, there’s been no timeline to this but whether or not if this shall occur within the subsequent few weeks or months. Additionally, it isn’t clear whether or not if the payout will occur in BTC or USD.
Crypto analyst Lark Davis explains that even when the payout is in Bitcoin, the promoting quantity shall be minimal. He additional explains:
Every day quantity for BTC now could be 10X what it was on the peak mania part of 2017. We will simply soak up a pair billion of promote strain unfold out over just a few months. If that is what occurs then mt gox BTC launch shall be an enormous fats nothing burger!!!
Subsequent few months may very well be attention-grabbing for the crypto market as buyers stay on the sting.


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A brilliant shot, Just Desserts, of a waitress carrying pudding through the wedding party, by UK photographer Thomas Alexander, has won the Champagne Taittinger Wedding Food Photographer category of Pink Lady® Food Photographer of the Year 2020, the world’s leading celebration of the art of food photography and film.
“This is such a clever image, full of life and joy and atmosphere,” says Caroline Kenyon, Founder/Director of the Awards. “The world is in the grip of Covid19 and normal life, whatever that may be, has stopped for all of us. But photos such as these remind us of the ways and cultural habits that mean so much to us and bind us together.”
Bangladeshi photographer KM Asad’s marvellous image, Making Together, of Muslims preparing a feast before Friday prayer near Dhaka won the Food for Celebration category, also sponsored by Champagne Taittinger.
The Covid19 lockdown did not defeat the celebrations. For the first time since the competition’s inception in 2011, the Awards evening was held online. Winners were announced by legendary musician and cheesemaker, Alex James, in a livestreamed event on the evening of Tuesday 28 April 2020. Itwas watched by many across the globe, including celebrities from the food and photography world.
“The standard was exceptional.” says Phil Turnbull, CEO of APAL, parent company of Pink Lady®, and headline sponsor of the Awards since 2011. “There were nearly 9000 entries from over 70 countries – this competition inspires across the world. It is a truly global coming together of talent.” Chair of the Judges was the internationally-renowned food photographer David Loftus. This year his panel included Chris Dee, Director, Food & Home, Harrods; Per-Anders Jorgensen, Photographer and Founder, Fool Magazine; Josh Lustig, Picture Editor, Financial Times Weekend Magazine; Vitalie Taittinger, President, Champagne Taittinger


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There has not been a lot of good news stories in the media recently about the dairy industry.
Last month’s production figures show an 11.8 per cent decrease on the same time last year which takes the year to date figure to a 6.3pc decrease equating to a 26 million litre shortfall.
But rather than focus on the negatives, Queensland Dairyfarmers’ Organisation is set to celebrate Queensland’s dairy industry in its Cream of Australia campaign which will launch at this year’s Ekka.
Working with the Office of Small Business we are asking customers to support local dairy brands. We know from previous work that has been done by QDO that people need to be constantly reminded to do the right thing and support their brands.
The campaign will not focus on the doom and gloom of our current situation or mention the ongoing supply chain issues we have. If we continue to focus solely on the negatives, consumers will soon tune out to our messages.
Post-campaign research into some of the most memorable shock campaigns including the Federal Government grim reaper ads to stop smoking showed that this approach does not change consumer behaviours.
The Queensland Dairy Farmers – The Cream of Australia campaign highlights the quality of our fresh milk brands, the value of supporting local Queensland farmers and the tireless work done by our farmers to bring consumers the great products they know and love. It is designed to drive home the importance of knowing where fresh dairy comes from.
The initial launch will have the public cast their votes for Queensland Dairy Farmers Cream of Australia where young Ekka visitors will have the chance to judge The Ekka’s cutest cow.
It is a lighthearted and fun way for the public to engage with our farmers who are taking the time to exhibit. Several videos will be created so that our Queensland dairy brands can also get behind the campaign.


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Animal rights activists held a demonstration at a UK farm which is the focus of a major campaign to expose animal abuse in the dairy industry.
Activists from Colchester Animal Save have tirelessly campaigned against Wigboro Wick Farm in Essex – and the group held a protest at the farm this month.
The protest follows a campaign by welfare group Surge which involved hidden cameras at dairy farms in the UK – and Colchester Animal Save says some of the footage was filmed at Wigboro.
The Dismantle Dairy campaign revealed ‘repeated incidences of punching, kicking, excessive tail twisting, swearing/shouting, beating with sticks, separation of calves from their mothers, force-feeding of calves and the disposal of calves’, Surge told Totally Vegan Buzz in December.
Colchester Animal Save wants to continue the momentum and raise awareness for the conditions animals are subjected to in the dairy industry.
A spokesman for Colchester Animal Save said in a statement: “In the end we had a total of 25 activists stand with us.
“The protest has got everyone talking about it and even re sharing the footage from Surge. Everyone has been outraged.”
Wigboro said it took immediate action in the farm’s dairy unit following the campaign by Surge – disciplining staff and adding new training.
A spokesman told the Colchester Gazette: “Smith Farms Dairy Unit is a family-run farm and we are proud to supply high quality and wholesome milk for the public to enjoy.
“Some people might like to see family farms likes ours shut down as a matter of principle, but we believe that dairy products are part of a healthy and sustainable diet.
“People vote with their shopping trolleys and 99.8per cent of the population continue to buy dairy products.
“We are not hidden away from the public, far from it. “We’ve run Open Farm Sunday days where interested consumers can have a look round the farm and see where their milk comes from.
“We attend local shows with our animals as part of our engagement with consumers.
“The milk we supply comes from cows we look after here and their health and welfare is our number one priority.
“That’s in our own interests too because healthy cows are happy cows and happy cows produce more milk.
“We are always working to improve standards in all areas and the farm is monitored regularly by outside bodies.”
- Read: Vegan activists hijack ‘Februdairy’ with massive ad campaign revealing the brutality of the dairy industry
Share this article to reveal the reality behind the dairy industry.
Vegan culture, food, beauty & more
- Totally Vegan Buzz Team
- 19th June 2020
All sorts of plant-based foods and products will be up for sale at this summer’s Vegan Farmers’ Market in Vancouver. Vancouver is gearing to launch the city’s first Vegan Farmers Market on 27 June at Vancouver’s Concord Community Park. The event will operate right through summer for eight full Saturdays from 10 a.m. to 2 …
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How much vegan knowledge do you have stored away? Do you have to Google your way through a shopping trip, or do you have all the bad E-numbers memorised? Find out now with this quiz. Marlon Farrugia Marlon Farrugia is a freelance writer from Brighton. He has been a dedicated vegan for many years, and …
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Spook Season approaches. There will be ghosts, goblins, ghouls, and glucose. You need a costume, and you want to it to show off your personality, which means VEGAN. But what to choose? Take our quiz to find out your perfect outfit. Marlon Farrugia Marlon Farrugia is a freelance writer from Brighton. He has been a …
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“If you were a vegetable, what kind would you be?” A question that has tormented humanity throughout the ages – until now. Read: QUIZ: If you score 19/20 on THIS quiz, you’re a Vegan God Marlon Farrugia Marlon Farrugia is a freelance writer from Brighton. He has been a dedicated vegan for many years, and …


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Fb plans to attraction the ruling, maintaining a few of its privateness settings unlawful  The Berlin Regional Court docket discovered that Fb amassed non-public knowledge with out offering sufficient confidential data to permit individuals to present legitimate consent.
The verdict was once made closing month, however it’s only introduced through the Federation of German Client Organizations. Fb mentioned it will attraction the ruling, including that it had already made important adjustments to its agreement. In the meantime, the platform (which reached a threshold of two billion customers closing yr) is updating its knowledge coverage pointers in step with new EU rules that should be applied in June.
Consistent with VZBV, the court docket dominated that Fb&#zero39;s real-name coverage was once a "hidden manner" of acquiring customers&#zero39; consent to percentage their names.
However it was once now not an entire victory for the group. The court docket sided with Fb for a grievance that the carrier was once inducing the general public through claiming that it was once loose as a result of in keeping with VBZV: shoppers "pay with their knowledge"
D & # 39; different privateness problems "
" Fb is caching adverse knowledge privateness presets in its privateness middle, with out informing it sufficient [people] right through the registration, "mentioned Heiko Dünkel, attorney at VZBV. "This isn’t sufficient for knowledgeable consent."
Fb has been discovered a number of occasions at the platform in Germany and Europe
Apple totally adjustments how it designs your iPhone packages  CRASH LANDING
SpaceX finds why the Falcon Heavy central booster crashed into the ocean
The face of the Egyptian queen Nefertiti redraws in 3-d the colourful sparks &#zero39;whitewash&#zero39; & # 39;
THE HEART OF THE PROBLEM? 19659019] The Apple engineer says that the power to design the iPhone is the explanation why I’m divorced
Snapchat&#zero39;s petition for KILL new replace signed through indignant 550,000 customers
Easiest VPN Apps for Mac PCs, iPhones and Android Telephones
In October, a European working group began to review data sharing between Facebook and WhatsApp.
The group had already warned that the process could be illegal, prompting Facebook to suspend data transfer. a resolution was
The platform is also the subject of an investigation by the German cartel office since 2016 about alleged violations of the data protection law to support its monopoly.
For its part, Facebook has updated its three-year Privacy Hub Hub, where you can find guides on how to protect your data.
He has also recently started promoting the tool with educational videos on the news feed.
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Rwanda posts double-digit GDP growth in Q1 of 2018
Rwanda’s economy grew by 10.6 percent during the first quarter of 2018, according to National Institute of Statistics of Rwanda (NISR).
The country’s strong start to the year is largely thanks to agricultural, services and industrial growth, the NISR says. The organisation expects continued growth throughout 2018, keeping the country within range of development targets for the year, it said in a statement on Monday.
Rwanda posts 10.6 precent GDP growth in Q1
Rwanda’s growth during the first quarter of 2018 was driven by the strong performances of the agriculture sector, contributing 8 percent, the industry sector at 7 percent and the services sector, which contributed 12 percent.
This is the second quarter in a row that Rwanda has posted double-digit GDP growth, following 10.5 precent growth in the final quarter of 2017.
In a statement released on Monday, director general for NISR, Yusuf Murangwa, says the organisation expects to see positive growth throughout the remainder of 2018 as Rwanda continues its drive for economic prosperity.
“We expect continued positive growth in the whole of 2018, most especially in agriculture exports like coffee and tea, mining, services, construction and manufacturing sectors,” he said on Monday.
Made-in-Rwanda products also had a good start to 2018 with textiles, leather products and clothes increasing by 24 percent. However, there was poor performance registered in the production of beverages and tobacco products, which decreased by 2 percent, according to figures from NISR.
Featured image: By Jojongenda – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=48662821


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US egg firm Cal-Maine Foods‘ first-quarter net profits has more than tripled as sales climbed on higher average market prices for shell eggs.
In the three months ended 1 September, earnings surged to US$9.4m from $3.1m last year, the firm reported today (1 October).
Operating profit in the period amounted to $15.6m versus $5.9m reported last year, while net sales climbed 11.9% to $272.9m.
“Our speciality egg sales have continued to trend higher and represented over 16.1% of dozens sold and 23.5% of total shell egg sales revenue for the quarter,” said president and CEO Dolph Baker. “We will continue to identify new market opportunities to expand our speciality egg business and meet growing customer demand.”


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Young people gather in New York to discuss the future of kids and their bicycles.
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Hoboken could provide a perfect laboratory for aggressive efforts. Are state and federal governments ready to participate in the experiment?
More and more city planners are seeing bike lanes as "a rational part of the mobility picture."
Because of global urbanization, the number of people exposed to catastrophic levels of pollution is growing exponentially.
Riding a bike may have special benefits that other exercise modes don’t, but we just don't know enough about it.
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Pharmacy Staff Demand Improved Work Conditions
Pharmacy workers at Walgreens throughout the United States left their jobs on Monday. The pharmacists, technicians, and auxiliary staff are calling for enhanced work conditions. They argue that the current number of employees is insufficient to meet the expected performance standards.
The employees claim they frequently lag behind in their tasks and consequently have to handle irate customers. The job action is anticipated to last until Wednesday and could potentially affect over 500 stores globally.


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Ad sales plunge hammers Carlton
TELEVISION group Carlton Communications has posted a sharp fall in full-year profits and warned the TV advertising slump will persist into its first quarter. It declined to forecast beyond that.
The company, one of the dominant ITV broadcasters, is axing more jobs in an attempt to slash costs by £45m next year. It also wants to cut £100m from costs at ITV Digital, its joint venture with fellow ITV broadcaster Granada.
But chief executive Gerry Murphy said there were no plans to ditch the loss-making digital business. 'We are looking at more creative solutions than that,' he said.
Advertising revenue from ITV fell 12.7% on a like-for-like basis for the year ended September. Carlton predicted a 13% fall for its first quarter ended December but said it could not predict revenues beyond that.
Full-year pre-tax profit from continuing businesses plunged 39% to £118m - but that was before goodwill and its share of the ITV Digital losses. Analysts had predicted profits of £94m to £103m. Revenue rose 5% to £1.03bn. Carlton halved its annual dividend to 8.275p a share from 16.55p. The shares rose 4 1/2p to 219 1/2p in early trade.
Murphy said Carlton had shed 300 jobs in the financial year just ended, and planned to cut 100 more this year, bringing the workforce down to about 3,200. The job losses would fall across broadcasting, sales and internet activities.
Clients were 'pretty tentative' about next year's ad spend as they wait to see how the wider economy fared. 'I think their marketing budget would be similar this year, with more going into the latter half than the first,' he added.
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Brewer is a great place, and it’s our first store in the Bangor area.
BREWER, Maine (PRWEB) February 25, 2018
Cellular Sales, the largest independent Verizon Wireless retailer by volume, has opened its sixth Maine location in Brewer.
The new store, located at 5 Schilling Drive, across from Dunkin’ Donuts. Cellular Sales opened its doors on Dec. 27.
“We’re excited to be heading into 2018 with a new store opening,” said Cellular Sales Regional Director Anthony Mills. “Brewer is a great place, and it’s our first store in the Bangor area.”
Cellular Sales has been named to Inc. Magazine’s Inc. 5000 as one of the nation’s fastest growing privately owned retailers nine of the past 10 years, something only 0.5 percent of companies that make the list achieve. Placing an emphasis on customer service, Cellular Sales has grown from a single store in Knoxville, Tenn., to a national retailer with 670 stores across 39 states.
“So far, most of our growth in Maine has been in the Portland area,” said Regional Director Brett Haven. “We’re looking forward to joining a new community and showing them what Cellular Sales is all about.”
Cellular Sales seeks to hire motivated sales professionals with a passion for customer service to work at its Brewer store. Those interested in applying for jobs at Cellular Sales in Brewer may contact Cellular Sales Recruiter John Mills at 865-805-6548 or john.mills(at)cellularsales(dot)com.
About Cellular Sales
Headquartered in Knoxville, Tenn., Cellular Sales was founded in 1993 and has been named by Inc. Magazine as one of the nation’s fastest-growing privately owned retailers for nine of the past 10 years. The company currently employs 7,200 people and operates 670 stores nationwide. Job seekers may visit jobs.cellularsales.com. For more information on the company, visit cellularsales.com.


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The new chief executive of Poundstretcher has shared with BusinessLive how excited he is about plans to grow the store estate, modernise the business and make the customer experience better than ever. Outlining the discount chain’s plans for the year ahead Tristan Phillips said it had come through its recent pre-pack administration in good shape – back in growth after offloading high rent, historic stores.
Mr Phillips has taken the top job having joined Poundstretcher as its finance director back in the autumn of 2022. He said the past year at the head office just outside Leicester, had helped him build a good relationship with its owner Aziz Tayub and given him a solid understanding of what the business needs to take it forward.
The 41-year-old dad-of-two came to Poundstretcher having held senior finance roles in Marks and Spencers – where he was head of commercial finance in the food division – O2 and Groupon. Prior to that he spent a decade with brewing giant SABMiller, working in Russia, Switzerland and Australia as well as the UK.
Poundstretcher’s turnover went from £325 million to £273 million during the CVA – partly the result of fewer stores – with profits also down, but the arrangement helped the business keep trading and saw it retained by owner Aziz Tayub and his family.
Today there are 316 stores and about 4,000 people on the payroll. The company’s 800,000 sq ft warehouse in west Leicestershire has potential to supply 600 shops.
Mr Phillips said: “One of the reasons Aziz asked me to take on this role is that we’ve worked together for 12 months and we’ve formed an exceptionally positive personal relationship and working relationship.
“I think that, based on what I’ve delivered as a CFO, he feels I would be a really good fit to work alongside him, to lead the business.
“He’s worked exceptionally hard and grown an incredibly successful business, and we’re aligned on strategy, we know how we work together and I know the things that are important to him – the things that he doesn’t want to happen and the things he does.
“I think that, versus someone coming in and thinking they’ve got to change everything tomorrow, I’ve had a good runway into what I need to do and had agreed all of that before I stepped into the CEO role.
“Aziz feels it’s the right time for someone to step up and feels I’m the right person.”
Mr Phillips said the chain’s immediate plans include opening a number of new stores, including taking on a number of former Wilko branches. It is the first time the new boss has spoken about the plans and its discussions with Wilko’s administrators.
He said: “Between now and the end of our financial year in March we’ll be opening at least 20 new stores all over the country.
“We’re a big believer in the high street and it’s a great opportunity for us to support their rejuvenation. If out of town opportunities present themselves we obviously look at them but we really believe in smaller, regional towns with busy high streets that are actually starting to thrive a bit more. We can play a really active role in the community in those towns, with about six or seven jobs per store.
“Some of the stores that we are opening will be ex-Wilkos. We were involved throughout the process, spoke to the administrator and evaluated the whole portfolio – and the best approach for us was about selecting the stores that work.
“Huge format stores don’t work for Poundstretcher – they are not right for us. But there’s a number of stores that we think are interesting and we’ve clearly got a proposition that a number of landlords are interested in.”
He said there were plenty of potential Wilko stores that they could take on, and a reasonable number of the 20 would be ex-Wilko – including one that opened in Allenton, Derby on Monday.
As well as store openings he wants to smarten up the store estate to make the shopping experience better, and improving stocks of FMCG (so-called Fast-Moving Consumer Goods) – those popular household and food items that sell quickly and relatively cheaply.
Mr Phillips said: “The last 12 months have been a tale of two halves [for Poundstretcher] with significant promotional activity in the first half of the year. But the challenges of global supply chains led to a shortage of stock in stores and that meant we had a really challenging first six months from a profitability perspective.
“But the second half of the year was exceptionally positive and we recovered. So our profits did drop but actually we were still very profitable.
“We’re still being impacted by the CVA and will continue to close a few stores but are now on a positive progression and starting to grow the store estate.
“At the end of last year we had 324 stores, which was less than the year before, and the number has continued to decline into this year, but now we are starting to grow again.
“It’s a really positive story from the CVA perspective, and it enabled the business to restructure. It did have some negative consequences for us and certain suppliers and landlords, but ultimately everyone is better off on the back of it because the business is now profitable and in a position to return to growth.
“We now really want to bring the business back to being a bit more commercial, work on optimising the stores and optimising our ranges.
“The business now has the infrastructure and capability to operate a bigger store portfolio and we think we can do a great job for customers in many more locations.
“We’ve got to modernise the business. A lot of it is about fixing fundamentals of things where we’re not as good as we could be. We want to help our staff be more effective at giving great value and great service to our customers – and obviously drive value into the business as well.
“It’s about the right stock at the right price in the right place at the right time.
“We’ve invested millions of pounds in new infrastructure and the supply chain, we’ve brought in talent to help us get better, we will invest in the look and feel of our stores – making them tidier, making them cleaner, and driving a culture of customer-focussed, great value retailing.”


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Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management,.On Tuesday, Facebook announced it will begin banning all advertisements promoting cryptocurrency, including bitcoin and initial coin offerings.
BTCUSD — Bitcoin Chart and Price — TradingViewStart accepting bitcoin, store and spend bitcoin securely, or get the BitPay Card.
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CoinDesk - Leader in blockchain news.One of the biggest names in Silicon Valley is placing a moonshot bet on bitcoin.
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Facebook said it hoped to make it harder for scammers to profit.Various reporters and members of the Bitcoin community have used various open source.The brothers, known for their legal battle with Facebook (FB) founder Mark.CoinDesk talks to Wall Street analysts ahead of a decision that could find regulators approving.Log in to Facebook to start sharing and connecting with your friends, family and people you know.
Well travelled editor of Biznews Premium. Thiel is a PayPal co-founder and early investor in Facebook.Check the Bitcoin market cap, top trading ideas and forecasts.
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Litecoin cryptocurrency founder sells all his tokens after 7,500% rally.
Money Saving Expert Founder Martin Lewis Sues FacebookWired reported this afternoon that Wright and Kleiman were likely involved in creating Bitcoin. Gizmodo. a longtime Bitcoin investor and co-founder. Facebook.Bitcoins are discovered rather than printed. Who is Satoshi Nakamoto.
The founders of our world-class cryptocurrency company got to know each other by using the same platform for buying and selling Bitcoins.Bitcoin Gold is a Hard Fork that allows you to mine Bitcoin with GPU.


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Drive on to boost seed production
Paul H. Williams, Gleaner Writer
"There is money in seeds," says Nicola Phillips, chairman of Jamaica Organic Agriculture Movement (JOAM) seed committee. However, in Jamaica, there is not a culture of seed production and saving for commercial purposes. That is why JOAM is now seeking organic farmers and members of the agricultural sector to go into the seed-production business.
To this end, JOAM and the Food and Agriculture Organisation will this month be hosting a series of workshops across the island on seed production and seed saving. Ira Wallace, managing director of Southern Exposure Seed Exchange, will be visiting the island to pass on her knowledge of and experience in operating a successful seed company.
Wallace will be meeting with interested small farmers and commercial growers about starting seed-production businesses.
"Right now, most of our organic farmers have to import from overseas companies like Johnny's Seeds, Seeds of Change and Southern Exposure Seed Exchange, and there is no reason to send our hard-earned money out of the country when we have all the right conditions to grow seeds all year round, here in Jamaica. This is a good business opportunity for Jamaicans," said Phillips.
On Tuesday, December 14, the first workshop will be held at Jacobs Farm in Port Morant, St Thomas. The second will be on Thursday, December 16, at the Ministry of Agriculture's Bodles Research Station, St Catherine. These two will target small farmers. At Durgas Farm in St Ann on Saturday, December 18, under the theme 'Seed Production for the 21st Century', the workshop will be mainly for commercial farmers, nursery managers, and other entrepreneurs. It will focus on increasing revenue streams for farmers, food security in relation to seed production and establishing a seed sector in Jamaica.
"Many people do not understand how important seeds are to food security," Raymond Martin, chairman of JOAM, said.
"In recent years, many of the US-based seed companies have been bought up and history tells us that whoever controls the seeds controls the food. The introduction of hybrid seeds prevents our farmers from saving seeds and they are losing the ability to recover quickly from a disaster and are more dependent on external suppliers. Hence, it is important for Jamaican farmers to take control of their seed production and make some money in the process."


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Codex update arrives for Dust 514 closed beta
CCP has detailed the latest update for their ambitious free-to-play MMO for PS3, Dust 514.
The Codex update brings in Corporations to Dust 514 allowing players to band together to form their own groups just the same as they would in EVE Online.
It also includes female avatars allowing female players to finally be female in the game. It also brings a host of new weaponry and buffs to upgrade existing guns to make them even more lethal.
The final boost in the Codex update is the addition of more backgrounds introducing much more diversity into the game's battlegrounds.
To celebrate the launch of the Codex update CCP are running a Double XP long weekend between the 3rd and the 8th of November. Dust 514 is currently in closed beta available to PS Plus subscribers.
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“We’re so excited to partner with one of the most legendary racing organizations in NASCAR for the 2012 and 2013 Nationwide Series,” says Hunt Brothers CEO.
Hunt Brothers Pizza, a brand of made-to-order pizza in the convenience store industry, will sponsor two of Richard Childress Racing’s NASCAR Nationwide Series teams as well as the No. 29 NASCAR Sprint Cup Series team with Kevin Harvick through a multi-year partnership agreement that begins in 2012.
Hunt Brothers Pizza will be the primary sponsor for three NASCAR Nationwide Series races on the No. 33 Chevrolet Impala when Harvick is the driver: May 26 at Charlotte Motor Speedway in Concord, N.C.; June 29 at Kentucky Speedway in Sparta, Ky.; and Aug. 24 at Bristol Motor Speedway in Bristol, Tenn. The No. 2 Chevrolet Impala, with driver Elliott Sadler, will carry the Hunt Brothers Pizza primary sponsor paint scheme for the July 22 NNS event at Chicagoland Speedway in Joliet, Ill.
In addition, the Nashville, Tenn.-based company will be an associate sponsor throughout the NNS season for the No. 2 and the No. 33 Chevrolet teams.
Hunt Brothers Pizza will also continue its season-long associate sponsorship of Harvick and RCR’s No. 29 NASCAR Sprint Cup Series team, beginning with the Daytona 500 in February.
“We’re so excited to partner with one of the most legendary racing organizations in NASCAR for the 2012 and 2013 Nationwide Series,” said Scott Hunt, CEO of Hunt Brothers Pizza. “We’ve had an outstanding relationship with Richard Childress Racing this past year in the Sprint Cup Series and are ready to celebrate some more big wins together next year.”
The 2012 season marks the fifth year of Hunt Brothers Pizza as a NASCAR sponsor. Hunt Brothers Pizza was a major associate partner of Kevin Harvick Inc. in the NASCAR Nationwide Series and NASCAR Camping World Truck Series in 2011, winning a combined 13 races between the three series as well as the NASCAR Camping World Truck Series Owners Championship.
“Hunt Brothers Pizza has been a great partner with Richard Childress Racing and Kevin Harvick Inc. this past season,” said Richard Childress, president and CEO of Richard Childress Racing. “The Hunt Brothers Pizza company is a great American success story and we look forward to continuing our partnership with them through our new NASCAR Nationwide Series program.”


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By Swati Pandey
SYDNEY (Reuters) - Australia's central bank on Tuesday marked a full year without changing interest rates, and many economists suspect rates could stay at record lows of 1.5 percent for yet another year as policymakers look to put the economy on a sustainable footing.
The Reserve Bank of Australia (RBA) stepped up its rhetoric against a rising local dollar saying the higher exchange rate will further compress consumer prices, weighing on the outlook for growth and employment.
The Australian dollar has jumped about 8 percent since June to a two-year peak, largely driven by a battered greenback. It was last up 0.3 percent at $0.8025.
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In response the RBA inserted a new paragraph in its August policy statement, saying, "an appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast."
It last cut official cash rates in August 2016 to head off the danger of deflation.
But inflation has still remained below the RBA's target band of 2-3 percent, data out last week showed.
"Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time," the RBA said in its statement.
The central bank said it still expected a gradual pick-up in inflation and forecast the A$1.7 trillion economy to grow at around 3 percent over the next couple of years.
Keeping consumer prices lukewarm is record-low wages growth at 1.9 percent - less than half the rate workers enjoyed a decade ago. The central bank is worried that incomes are rising at a much slower pace than the increase in household debt.
"The low level of interest rates is continuing to support the Australian economy," the RBA said.
"One source of uncertainty for the domestic economy is the outlook for consumption. Retail sales have picked up recently, but slow growth in real wages and high levels of household debt are likely to constrain growth in spending."
A majority of the 42 economists polled by Reuters forecast a steady rate outlook over a one-year horizon, with only 9 expecting a rate hike.
(Reporting by Swati Pandey; Editing by Shri Navaratnam)


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Samsung’s production arm has taken the veil off a new 16MP camera sensor that boasts of being slim enough for smartphones to bear a thin profile and at the same time, not grab a bump on their rear surfaces. And it does this without compromising on resolution, which is a great achievement in itself.
It’s of course based on the South Korean giant’s ISOCELL technology which has been seen on previous camera modules as well. Dubbed S5K3P3, this new image sensor coerces the ISOCELL factor to allow the high performance 1.0μm pixels instead of the 1.12μm-pixels which are offered by Samsung’s current 16MP snapper that can be found on the Galaxy S6 range, among other offerings.
Owing to this, the overall size and height of the image sensor module gets reduced. That’s what makes it a suitable offering for devices which prefer to be thin in nature, while not having a camera bump on their rear ends and yet keeping the resolution high.
Samsung hasn’t mentioned which will be the first handset to feature its new sensor, but it’s not hard to guess that the Samsung Galaxy Note 5 and S6 Edge Plus will be carrying it. It can hence be inferred that these two smartphones will not have protruding rear surfaces on them.
Also Read: This new Samsung monitor will charge your phone wirelessly
August 13 is when they are expected to be unveiled, as that’s the date on which Samsung will be holding one of its trademark ‘Unpacked’ events in New York. Several leaks have already given us a glimpse of what we can expect from the Note 5 and the S6 Edge Plus.
About the new sensor, Samsung has made it known that this module is available for manufacturers from around the world to incorporate into their devices.


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Fed up of sharing your Spotify account with other family members? The streaming service’s new offering lets you all have your own separate accounts for a cheaper overall price.
At the moment, adverts are only being deployed over in the US, but it probably won’t be long before that situation changes.
Global IT service provider NTT DATA has developed the service, which will provide high definition digital reproductions of the library’s 4,000 or so ancient manuscripts.
The agenda looks very pretty indeed, featuring the likes of Michael Acton Smith, Neelie Kroes, Waze, Raspberry Pi, a couple of Tech City celebs and some of the most promising startups around.
Pennies shows that money management apps don’t have to be complex and bloated with reporting features, rather they can be clean, simple to use, and flexible.
The software giant announced the addition of several new features to its cloud platform to support Apache Hadoop, in an attempt to bring big data to more customers.
All support for the operating system will be removed in January and owners of devices running the OS have been given a number of steps to take before the end of life.
The newest incarnation of Android will emerge on Google’s tablets first, and sadly Nexus phone owners will have to wait until later next month.
This year marks the 25th anniversary of the firewall and McAfee has acknowledged this milestone by upgrading its next-generation firewall, adding new levels of integration and connectivity.
So you want Yosemite on your Mac? The good news is it’s a free upgrade, and here’s how you can bag your copy of OS X 10.10.
Weather apps are among the most popular for handsets, and that’s not really a surprise – we all like to know if we’ll need a raincoat.


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The first-ever Vinexpo Americas will feature 700 exhibitors from 25 countries, and expects 12,000 to 15,000 visitors, chief executive Robert Beynat told a press conference on Wednesday.
Already, 4,117 wine professionals from 36 states and Canada have registered for international wine and spirits show, set for 22-24 October in Manhattan, Beynat told principals in New York’s wine trade.
Beynat indicated that Vinexpo Americas, an organization 88 per cent owned by Vinexpo Bordeaux and the rest by North Americans, expected a sellout. The show will be held at the Jacob K Javits Convention Center, on Manhattan’s West Side, not far from the site of the destroyed World Trade Center. Javits personnel would provide tight security for visitors such as retailers, wholesalers, importers, restaurateurs, sommeliers and exhibitors.
Vinexpo Americas, like its Bordeaux version and three counterparts held in Asia, is limited to the trade and closed to the public. It will feature 35 to 40 programs. One hot ticket will be a seminar featuring critic Robert Parker and Bordeaux winemaker Michel Rolland on great Bordeaux wines of the last 20 years. Other debates and seminars will be announced in due course, organisers say.
Tastings will be arranged by the Unions des Grand Crus de Bordeaux and American Sommelier Society.
Among companies participating will be Brown Forman, Diageo, Gallo, Kendall Jackson, Concha y Toro, Miguel Torres, Louis Jadot, Taittinger and Zonin. Pavilions will be sponsored by, among others, Austria, Germany, Australia, Argentina, Spain, Portugual, South Africa and Uruguay.
The organisers are investing about US$3m (€3.04m) in the show, and the exhibitors about US$9m (€9.12m), Vinexpo Americas said.
In explaining why North America was chosen, Beynat said that in the United States wine consumption has expanded from 2 to 5 percent a year since 1995, and that spirits consumption has risen nearly 7 percent in that period.
Of the 60,000-plus wine and spirits professionals in North America, 1,000 attended Bordeaux Vinexpo in 2001. Vinexpo Americas said it was ‘targeting a much larger audience.’
Written by Howard G Goldberg in New York12 July 2002


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Aldi staff were given a new year's boost with news that all staff will be get a pay rise, , which the German discount supermarket said makes it the UK's "highest paying supermarket".
Store assistants will earn a minimum hourly rate of £8.85 nationally, rising to £10.20 for staff in in London, starting from February 1.
Aldi also pledged to match the Living Wage Foundation's recommended rates of £8.75 nationally and £10.20 in London for all of its employees from the same date.
The retailer, which has 762 stores in the UK, reiterated its long-term strategy to have a network of 1,000 by 2022.
Matthew Barnes, CEO of Aldi UK and Ireland, said: "We see significant capacity for further growth as there are still more than 400 towns and cities across the UK without an Aldi store.
"Shoppers in these areas consistently tell us they would shop at Aldi if they could, and we are committed to meeting this demand for new Aldi stores."
Aldi raked in over £10 billion in sales last year for the first time after notching up record sales over Christmas as festive shoppers snapped up luxury products and cut-price vegetables.
The German supermarket said total UK sales were more than 15% higher during December compared to the same month in 2016.
The budget chain's "specially selected" premium range saw sales rocket 30%, with mince pies, Aberdeen Angus beef roasting joints and Irish cream liqueur among the top-selling products.
Mr Barnes said: "This was our busiest-ever Christmas as millions of festive shoppers switched to Aldi from more expensive food retailers.
"Although we saw strong growth across all categories, the performance of our premium Specially Selected range in particular surpassed all expectations.
"This is a clear sign that shoppers knew they could indulge in Christmas treats and festive essentials at Aldi for a fraction of the price they would pay elsewhere."
Aldi sold more than 6.8 million bottles of wine, champagne and Prosecco during December, or over 200,000 bottles per day.
It also sold over four million mince pies and more than 100 million packs of vegetables, including parsnips, sprouts and carrots.


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Venice Cocktail Week returns for 2023
The third edition of Venice Cocktail Week will take place this October to give consumers the chance to discover the Italian city’s ‘vibrant’ cocktail culture.
Venice Cocktail Week will return on 23-29 October.
Venice Cocktail Week founder, Paola Mencarelli, commented: “Once again, this year Venice Cocktail Week is turning the spotlight on the excellence of the lagoon’s cocktail culture.
“We started the event to give cocktail enthusiasts and professionals a place to meet and discuss current and future trends in the world of mixology and spread the culture of conscious and responsible drinking. It’s a really unique project, where we hope a different idea of drinking can be developed.”
The city-wide celebration will give drinkers the chance to discover the ‘vibrant’ cocktail culture of 31 of the city’s best bars, with one-off drinks, special menus, and events, all of which is designed to demonstrate the talent and inventiveness of the participating bartenders.
As in previous years, Venice Cocktail Week will combine daytime educational events, tastings and activations at the city’s leading bars and hotels, which will be open to the public and are designed for both enthusiasts and professionals, while special apéritif menus will also be available from midday at many of the initiative’s participating venues.
During the evening, attention will turn to bespoke menus at the bars across the city, as well as guest shifts from acclaimed bartenders.
Each menu will include a signature cocktail that has been created to be representative of each respective cocktail bar by its bartending team; a drink dedicated to Italian provenance, with products from exclusively Italian companies participating in the initiative; and a ‘fresh, light’ drink designed for the midday apéritif, which is described as a Venetian tradition.
Participating bars include: Ai Do Leoni, Amo, Fondaco dei Tedeschi, Ancòra, Alchemia, Ca’ di Dio, and Arts Bar, The St. Regis Venice.
The third annual Venice Cocktail Week also marks the return of the Dining with the Spirits initiative.
Originally conceived by Mencarelli for Florence Cocktail Week, the initiative – which will run throughout Venice Cocktail Week – aims to shine a light on the synergy between the worlds of mixology and cuisine, and sees some of the city’s best restaurants take inspiration from different participating spirits.
The restaurants will use them as ingredients in single dishes or in an entire menu, alongside pairing options including both cocktails and neat spirits.
Select Aperitivo opened its brand home in Venice earlier this summer.


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Local interest and concern – from the British Hearth Foundation, to the hospitality industry, to the Sid Valley Food Bank.
Yesterday’s news was dominated by the latest research into ‘UPFs’ – and the Herald also took up the story, reporting that ultra-processed foods increase the risk of cardiovascular diseases, with a particular story-line that the British Heart Foundation links processed foods to diseases.
Sidmouth has a BHF shop on Fore Street – where there are not only volunteering opportunities and quality pre-loved goods on sale, but also advice on how to minimise cardiovascular disease, with an excellent free booklet on ‘how to eat better’.
What are other organisations and local businesses saying about ultra-processed foods?
Here’s a good example of what many in the hospitality trade in the Sid Valley are trying to do for visitors:
As a café, we offer a wide variety of freshly prepared food and cake for all dietary preferences, all made in our kitchen. We use local suppliers and producers as much as we can (bread, eggs, meat, ice cream, coffee, tea, fish, beer, cider are all supplied locally) and avoid frozen products, meals and ultra processed foods and oils wherever possible.
For locals who are finding it difficult to budget for food, the Sid Valley Food Bank has got some excellent “Easy Recipes, Hints and Tips for managing on a budget” – which don’t involve loads of UPFs – and they also provide a link to the very good BBC Food’s £1 dinners.
So, there is clearly awareness locally of the issues around ultra-processed foods – as our local press continues to report on these stories which are clearly of interest to its readers. Something for these news pages to return to no doubt.


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Man Accused of Wire Fraud in Weslaco Bribery Case Pleads 'Not Guilty'
EDINBURG - A man arrested for wire fraud in connection to the Weslaco water plant bribery scheme entered a plea Tuesday in court.
Valley businessman Aunil Wadhwani entered a plea of not guilty.
Wadwhani is facing charges for his role in bribery payments made to a Weslaco city commissioner and EDC board member.
The money was exchanged for a development agreement with favorable terms.
Tuesday, Wadwhani told the judge he was not guilty on the charges of attempt and conspiracy to commit mail fraud and fraud by wire, radio or television.
He is out on a $50,000 bond.
Jury selection is scheduled for Dec. 3.
The complaint mentions three other people.


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In 2018, Ford introduced a new Mustang that looks more like a mid-level SUV than a sports car.
While the new car features a new engine and a new exterior design, the base model still looks similar to the current model, but with some differences.
The new Mustang will come with a range of new features.
In addition to new engine options and a more spacious cabin, it will be available with a new version of Ford’s all-wheel drive system.
The company said it will include all-new technologies to reduce engine wear and emissions, including an automatic transmission that will be able to manage torque from each gear.
Ford also said it is introducing new technologies that help drivers to get from one point to another faster.
The biggest change to the base Mustang will be the introduction of a sport package, which will include new exterior and interior trim options and new powertrains.
The car will be equipped with a seven-speed automatic transmission, and the new all-weather package will be offered on top of that.
Ford said the new package will cost $1,200.
The base model of the new SUV will cost a similar price as the base car, and a top-of-the-line version of the SUV will start at $25,000.
Ford also said that the new sports package will include a new set of suspension components called Sway Bars, which are designed to help the car handle bumps and crashes better.
The suspension will also be offered with Brembo brakes and aero packages.
A new all weather package will also come with new technologies.
The new suspension will feature a “Dynamic Balance Control System,” which can adjust the suspension to keep the car in the desired position when the driver is in front of the wheel, according to Ford.
The next major change to a vehicle is the introduction in 2021 of a six-speed manual transmission.
The six-cylinder engine will have an all-season-ready six-valve configuration, according a company spokesperson.
This new automatic transmission will be a 5.6-liter V8, the same powerplant that makes the current Ford Fusion and Fusion S sports sedans.
The Ford Fusion, the world’s fastest production SUV, will be launched in 2021.
The 2019 model will be made by the Volvo Group.
The 2018 model will also make its debut in 2021, but the 2019 model is a hybrid.


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Fantasy football takes to real turf this Sunday for the annual NFL Pro Bowl game in Glendale, Ariz.
For the special game, Nike was on board again this year to design the special-edition uniforms. Using neon orange and “Volt” (the Nike name for lime green) as the defining colors, this year’s uniforms are certainly looking bright.
Nike athletes will wear the Nike Vapor Untouchable cleats. Each uniform also sports a number of stars corresponding to the number of times a player has been voted into the Pro Bowl game.
Like last year, this year’s game is unconferenced, and Hall of Fame wide receivers Cris Carter and Michael Irvin will captain each team and help lead the “draft” ahead of the game.
Team Irvin will wear the Nike orange uniforms for the game, while Team Carter will don the ones with lime green accents.
Known as “fantasy football for real life,” fans vote for their favorite and most outstanding players to play in the competition. Players are then drafted onto each team, highlighting the best players in the NFL. Jason Garrett of the Dallas Cowboys and John Harbaugh of the Baltimore Ravens will coach the game, with the special Pro Bowl draft happening Wednesday evening.
The Pro Bowl is Sunday, Jan. 25, and will be played in the same Glendale, Ariz., spot as Super Bowl XLIX.
Do you have any players you’re looking forward to seeing? What do you think of the uniforms? Tell us @FootwearNews on Twitter and Facebook.


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In today’s highly competitive manufacturing industry, optimizing operator efficiency is essential for any shop floor. The more efficient your operators are, the more work they
We’re seeing more and more manufacturers looking to streamline and do more with less. Employers are also looking to attract more employees, and we’re seeing some interesting trends with how they go about it.
Moving into 2023, we are watching our local manufacturers look for solutions to do more with less, attract the right workforce and streamline processes to increase efficiency and productivity.
Industry leader Halter CNC Robotics is entering the Dayton market via a partnership announced today with Reynolds Machinery. Reynolds Machinery will be the first local
You might be blown away by some of the innovations that could make adding a turning center to your operation a smart and efficient choice.
As you know, manufacturing is heavily reliant on transportation, and as the industry continues to see those costs rise, the effect transportation has had, accounting


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adidas is under fire after posting a picture of its upcoming JS Roundhouse Mids on the adidas Originals Facebook page. JS is short for Jeremy Scott, the provocative designer who has had a longstanding association with adidas Originals, while the shoe is part of his upcoming Fall/Winter collection for the brand, which is slated for release in August.
Unlike the uproar over Nike’s Black and Tan shoe back in March, it’s not the colors or name that’s offending, but the rubber shackles attached to them that remind some observers (such as the Rev. Jesse Jackson) of the ankle chains that imprisoned African American slaves. That the “adidas” name is also part of the “shackles” is raising hackles (and heckles).
Even so, the brand defended the design and the designer.
“The design of the JS Roundhouse Mid is nothing more than the designer Jeremy Scott‘s outrageous and unique take on fashion and has nothing to do with slavery,” a spokesperson for the brand commented about the Facebook photo, which has been removed. “Jeremy Scott is renowned as a designer whose style is quirky and lighthearted … Any suggestion that this is linked to slavery is untruthful.”
Scott, meanwhile, has deflected criticism of the so-called “slavery sneaker” on Twitter. Update: The designer later tweeted a link to a picture of “My Pet Monster,” a plush toy wearing “magic cuffs” released by American Greetings in 1986 that spawned a one-season ABC cartoon series, as the inspiration for the shoe.
Nevertheless, despite initially defending the designer, adidas is pulling the shoe, stating: “We apologize if people are offended by the design and we are withdrawing our plans to make them available in the marketplace.”
See Scott’s Fall/Winter 2012 adidas Originals collection that included the shoe (along with a close-up) below, and let us know what you think in the comments.[more]


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The Asia-Pacific Economic Cooperation (APEC) region is projected to grow at a slower pace by 3.8 percent this year, and within the 3.5-3.7 percent range from 2020 until the medium term, depending largely on the resolution of trade conflicts and reduced policy uncertainty.
The newest APEC Regional Trends Analysis, or ARTA, said the projected growth was notably lower than its 4.1-percent gross domestic product (GDP) growth in 2018, while the rest of the world slowed down to 2.8 percent.
The report said the upside potential for growth could come from the quick and positive resolution of trade tensions.
“The ongoing pause in tariff measures as the US and China go back to the negotiating table is a welcome development,” it noted. “A trade deal, achieved in a quick and orderly manner, should significantly reduce policy uncertainty and lead to a turnaround in trade and investment, potentially powering another round of global economic
The ARTA report pointed out a greater-than-expected economic slowdown in China could also impact on global growth and APEC growth in particular, with repercussions to its partner economies via such channels as trade, investment and tourism.
“Moreover, economic and financial conditions prevailing in other major engines of global growth such as the US and the Eurozone could affect global demand,” it added.
It further underscored the need for APEC to sustain economic growth amid trade tensions and policy uncertainty.
This entails the “delicate balancing act” of implementing measures to support continued expansion while ensuring that growth remains sustainable and inclusive, the report said.


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Source: Associated Press
The Sartori cheese company plans to spend $14 million to expand and renovate its plants in Antigo and Plymouth, Wis.
The fourth generation family-owned company says the project includes updating equipment at its Antigo plant. The expansion and renovation is expected to add a total of 53 jobs. Work will start in 2014, Sartori's 75th anniversary year.
The Wisconsin Economic Development Corporation has approved nearly $400,000 in tax credits.


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Experts in human evolution and comparative anatomy at the University of Adelaide in Australia have found that it's not just eating all that sugar that makes people fat. Their research proves the following contention: Where meat is prevalent, so is obesity.
The researchers looked at data from 170 countries and found that the more available and accessible meat is in a country, the fatter the residents are. Then, they controlled for variations in national gross domestic product, calorie consumption, urbanisation levels, and physical activity—all of which are contributors to obesity. In the end, sugar factored independently as 13 percent of the reason people get fat—and meat contributed another 13 percent.
The bottom line is that the availability of meat correlates with high obesity rates.
READ MORE: Denmark Is Eyeing a Tax on Red Meat to Fight Climate Change
Professor Maciej Henneberg, head of the Biological Anthropology and Comparative Anatomy Research Unit at the University of Adelaide explains: "Our findings are likely to be controversial because they suggest that meat contributes to obesity prevalence worldwide at the same extent as sugar." The results of the study have been published in two journals: BMC Nutrition and the Journal of Nutrition & Food Sciences.
Ph.D. student Wenpeng You, who conducted the research, believes there's a reason meat is such a big culprit in weight gain: "Whether we like it or not, fats and carbohydrates in modern diets are supplying enough energy to meet our daily needs. Because meat protein is digested later than fats and carbohydrates, this makes the energy we receive from protein a surplus, which is then converted and stored as fat in the human body."
READ MORE: This Is How Much Longer You'll Live If You Stop Eating Meat
MUNCHIES reached out to the North American Meat Institute for comment on the issue, but has yet to hear back.
Are you thinking, OK, but correlation is not causation, so shut your stupid mouth and let me eat meat? Although this study does not purport to prove that eating lots of meat causes weight gain directly, in the words of Mr. You: "Nevertheless, it is important that we show the contribution meat protein is making to obesity so that we can better understand what is happening. In the modern world in which we live, in order to curb obesity, it may make sense for dietary guidelines to advise eating less meat, as well as eating less sugar."
Good thing we recently told you about the world's most perfect salad. Looks like we all have yet another reason to be eating more salad and less steak.


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Western Union to offer SMEs cheaper payment services
MANILA, Philippines—A significant segment of the country’s small and medium enterprises engaged in overseas trade continue to have limited options when it comes to paying for their transactions with foreign counterparts, international fund transfer firm Western Union said Sunday.
As such, many SMEs are forced to use pricey payment services offered by banks—an added cost that is eventually borne by end consumers in the form of more expensive products and services, company officials explained.
“About 99 percent of the importers we have in this country are SMEs,” said Patricia Riingen who is the regional vice president for Western Union in Pacific Indo-China. “Many of them are involved in cross-border trade to support growth locally.”
She explained that, for many of these firms, trading with foreign suppliers involves a cumbersome and expensive process whereby Philippine pesos must first be converted to US dollars, and then onto the third currency of the business partner abroad.
“There are costs involved for each step, as well as an unquantifiable cost in terms of time and convenience, which may be difficult for a smaller company to shoulder,” the Western Union official said.
To address this, the company said that will introduce a new service that will allow SMEs to short-circuit the international payments process through Western Union’s existing network of money transfer services.
“What we want to do is change the way international commerce is done in the Philippines, especially for SMEs,” Riingen said. “Instead of [converting] from pesos to dollars, and then dollars to another currency, SMEs will soon be able to make the payment directly to their suppliers abroad in their local currency, using Western Union’s network.”
The service, called Western Union Business Solutions, will be launched locally in partnership with Petnet Inc.—a longtime Western Union agent—to allow SMEs to settle payments with partners around the world within 24 hours.
“We can offer SME service delivery for global payments, with realtime exchange rates, through a network that operates in 200 countries and territories,” Petnet president and CEO Lorenzo Ocampo said. “This is a major breakthrough for small businesses in the Philippines.”
At present, he noted that the international payments system offered by the banking system is geared mainly for large corporations, in terms of cost and level of complication of the services.
Western Union’s SME-oriented service, however, aims to serve firms who make smaller payments, whether frequently or infrequently.
“And they will have the convenience and cost savings of being able to convert directly from pesos to over 140 currencies anytime they need it,” Ocampo said.
The service will be launched in the Philippines in the third quarter.
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Oracle has announced plans to launch a new cloud region in Melbourne by the end of 2020.
Reseller News is proud to announce the finalists of the Innovation Awards in 2019, featuring a powerful line-up of emerging and established partners.
Questions are being asked of allegedly "dirty" offshore cloud providers -- and of government policies that encourages their use.
Labour MP Clare Curran has announced she will leave Parliament and not re-stand at the 2020 election.
- VMware strikes MOU with ASX in distributed ledger tech
- Huawei sheds Australian jobs as 5G ban begins to bite
- The Instillery and Origin unite in mega merger
- Critics question 'Five Eyes' push to expand spies' telecoms access
- Government recruits independent advisors on data ethics
- Microsoft scraps channel changes following partner backlash
- Five Eyes hacked 'Russia's Google' Yandex to spy on accounts
- NZ PC market hit by 8.3 per cent decline
- G20 to compile common tax rules for tech giants by 2020
- Nick Verykios sets Arrow exit date
- Dell Technologies honours leading regional partners
- Dell EMC revamps partner program to widen tech portfolio
Subscription services – in which a customer gains access to a product or service on an ongoing basis in exchange for a monthly fee – are exploding in popularity across both consumers and enterprise customers.. Read more
EDGE 2019: Channel forges new partnerships during evening networking
Tech credentials on show during Ingram Micro One APAC
Bumper channel crowd kicks off Ingram Micro One APAC in Singapore
Schneider Electric shines spotlight on leading channel partners
Securing the cloud amid a vanishing perimeter in NZ
Bumper channel crowd kicks off first After Hours of 2019
Cyber incidents dominated headlines this year, from Russia’s hacking of Democrat emails to internet cameras and DVRs launching DDoS attacks, leaving the impression among many that nothing should be entrusted to the internet.
Apple's longtime lock on the education market began to fall apart when Google first introduced Chromebooks more than five years ago. Here's how Google swept in and started to push Apple out.
Apple is slowly strengthening its foothold in the enterprise through a series of partnerships with established providers of business services, large and small. Here's a breakdown of what's working, from the perspective of Apple's leading business partners, as well as how the pacts benefit CIOs.
“Industry-standard server (ISS) has a growing impact on the global data centre hardware market."
In its last brief to Judge Pym before the first hearing on March 22, Apple makes its case for encryption.
Google has known for some time that the enterprise is where the money is, but it sure hasn't shown it in the past. That looks to be changing.
The real question to ask, though, is why this figure is so important to Microsoft.


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Getting unpaid exposure to one’s product via a big celebrity can be a blessing.
And Logan Paul as luck brought it to him, got such an exact exposure for his sports to drink PRIME. The celebrity was none other than Kim Kardashian with millions of followers on her social media. The socialite gave a shout-out to Paul and KSI’s drink which sponsored the football team Arsenal.
As a consequence, it gave major exposure to the brand in a very unexpected way. On top of that, it was free and coming from a huge celebrity. This was enough to make the wrestler thankful to Kim K. He even promised to send her family more of his products as they seemed to like the drinks a lot.
Logan Paul Did not Pay Millions to Kim Kardashian for Product Exposure
Recently it came to light that Kim Kardashian was not sponsored by Logan Paul’s PRIME Hydration drink brand. In reality, Kim K gave a shout-out to the brand with her own decision as her children seemed to have enjoyed it plenty. Revealing this, Paul recently shared that he was grateful for the socialite’s free exposure to his product. While talking in a 4th April episode of IMPAULSIVE podcast, the professional wrestler shared the story behind Kardashian posting PRIME on her Instagram. He said,
“she was gracious enough to give us that exposure. People pay millions of dollars for that”
The socialite had attended the Europa League with her children on the 16th of March. UK’s team Arsenal sponsored by Paul’s PRIME Hydration had the drinks in Kim K’s booth. And her shout out to the drink afterward feels that she and her children liked and enjoyed it. According to the Pro wrestler, sponsoring the football team turned out to be “unexpectedly beneficial”.
As they can attract celebrities to various products, this is one-way brands get big exposure without the need to spend millions. If it had not been for Sponsoring a big team like Arsenal, Paul, and KSI had to have at least paid a million dollars to get Kardashian to mention PRIME.
More About Logan Paul and KSI’s Sports Drink Brand
Logan Paul and KSI
Prime Hydration is a sports drink brand with a range of drinks. It was founded by YouTubers Logan Paul and KSI back in 2022. Due to its popularity among young people, the brand got social media hype. Even in the UK, the school children looked at anyone with a PRIME bottle as cool league children as per Financial Times. Since its launch, the brand has received various joint marketing agreements.
They include the premier league football team Arsenal, and UFC (Ultimate Fighting Championship). The brand did also the official sports drinks supplier for MMA (Mixed Martial Art) and the baseball team Los Angeles Dodgers.


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South Korea’s export kept a double-digit growth for the first 10 days of this month due to the continued recovery in global demand, customs office data showed Tuesday.
Export, which accounts for around half of the South Korean economy, amounted to 12.48 billion U.S. dollars during the May 1-10 period, up 81.2 percent from the same period of last year, according to Korea Customs Service.
The daily average export, which excludes the working-day effect, surged 64.7 percent in the 10-day period.
The outbound shipment jumped 41.1 percent in April on a yearly basis, continuing to expand for six straight months since November last year.
It indicated a global demand recovery from the economic turmoil, caused by the COVID-19 pandemic.
Export to China, South Korea’s biggest trading partner, soared 45.5 percent for the first 10 days of May, and those to the United States and the European Union (EU) more than doubled in the period.
Semiconductor export spiked 51.9 percent, and shipment of telecommunication devices such as smartphone nearly doubled. Export for automobiles and auto parts more than quadrupled in the 10-day period.
Import increased 51.5 percent over the year to 14.64 billion dollars in the May 1-10 period, sending the trade deficit to 2.16 billion dollars.
Import for automobiles and crude oil more than tripled, and semiconductor import expanded in double figures.
Import from the United States and the Middle East more than doubled in the 10-day period, and those from China and the EU gained in double digits.


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Tim Cook made an unannounced visit to the Covent Garden Apple store in London yesterday. The Telegraph sat down with Cook for a chat, lots of good stuff in the piece, this particularly intterested me:
The launch of the watch will undoubtedly pose a challenge for Apple's stores. "We've never sold anything as a company that people could try on before", he says. This may require "tweaking the experience in the store", he told his staff at the Covent Garden store.
He speaks extremely highly of Angela Ahrendts, the former Burberry boss who now runs the stores and has been tasked with making the online and bricks and mortars elements work seamlessly.
It'll be interesting to see how selling a $5,000+ watch will change how Apple retail stores are laid out and operate. I think it's fair to say that Angela Ahrendts hasn't had a chance to put her stamp on them yet.


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Happy birthday, Selena Gomez!
The pop star turned 25 Saturday. To celebrate, we're taking a look back at some of her cutest styles over the years. Namely, her cutest candid styles.
Over the past decade, Selena has showcased a number of especially gorgeous looks on a red carpet and on stage.
"Let's just say I wasn't always the [designers'] top choice," Selena told Vogue in 2016.
That is certainly not the case today, as the singer has attended major celebrity events in dresses by luxury brands Saint Laurent, Giorgio Armani, Louis Vuitton, Vera Wang and Valentino.
She also manages to look stunning while out and about in public, often dressed in casual styles. No posing, just strolling, going about her business. Ever wonder what Selena would look like if you just bumped into her randomly on the street? The answer: Probably gorgeous.
She even looked stunning while walking around Paris in a pajamas-like outfit! Very few people could pull off such a look (we're looking at you, Céline Dion), but Selena does it flawlessly.


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Managing director of Phoenix Software
Career history: Associate director at Phoenix Software; sales director at Trustmarque; UK channel manager at Novell.
Measure of influence: Runs a business with around £130m revenue and 150 staff
Activities to advance women in tech: Mentors women within the business to pass on experience and offer guidance
What's been your career highlight so far?
Generating profits for our shareholders that are well above industry standards and ensuring we run a well-managed business that in turn provides stable employment for all of our staff, 44 per cent of which are females.
Microsoft has announced plans for a London flagship store in the same neck of the woods as Apple
CRN sat down with FireEye EMEA VP Kevin Taylor, who joined the security vendor earlier this year as it attempts to reconnect with the channel
CEO Whitman set to continue 'reducing the layers' in HPE with 5,000 job cuts, reports Bloomberg
CRN sat down with Mark Nutt, senior vice president for EMEA at Veritas to discuss how resellers view the firm and what the channel can expect next


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Bulk shipping group issues warning after sinking of Bulk Jupiter.
Driver cards on Teamster representation being counted today for STE.
The International Trade Commission determined that U.S. manufacturers of solar panels are being harmed by unfairly priced imports from China and Taiwan.
Ports, airports and railways ready to implement winter contingency plans.
Belgian port reports record growth thanks to container and liquid bulk sectors.
Railway and intermodal provider set records for revenues and earnings in 2014.


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Pepsi suing Coca-Cola over Powerade ads
April 15, 2009
PepsiCo Inc. sued rival Coca-Cola Co. over ads for a new version of Coca-Cola''s sports drink Powerade, saying the campaign makes false claims that could hurt its Gatorade brand, reported by the Associated Press. The Purchase, N.Y.-based company asked the U.S. District Court in the Southern District of New York to stop Coca-Cola''s campaign. PepsiCo said the ads for Powerade ion4 are false in saying it''s the "complete" sports drink, better than Gatorade because that drink is missing two electrolytes -- magnesium and calcium. It said there is no evidence the new Powerade is better than Gatorade and that the Coca-Cola-made drink has the extra electrolytes only in trace amounts anyway. Scott Williamson, a spokesman for Atlanta-based Coca-Cola, said the company supports Powerade. PepsiCo acquired Gatorade in 2001, when it purchased Quaker Oats Co. PepsiCo with brands like Mountain Dew and Pepsi-Cola, is the second-biggest soft drink maker behind Coca-Cola. But in the sports drink category, Gatorade dominates with a 77.2 percent share of the category''s volume and was a big reason PepsiCo bought Quaker. Powerade is a distant No. 2 player, with a market share of 21.7 percent last year. The sports drink category was worth about $7.6 billion in retail sales in 2008. By comparison, the entire U.S. carbonated soft drinks market was worth than $72.7 billion in retail sales last year.


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EA's CEO has addressed Battlefield 2042's lack of a free-to-play mode after criticism from players and fans.
Here's how to claim the upcoming Battlefield 2042 Prime Gaming rewards, including Specialist and Weapon skins.
Battlefield 2042's trailers haven't put players' minds at rest, and they actually want to see it delayed again to avoid a buggy launch.
Battlefield 2042 players are asking the developers to implement a major change to unsilenced weapon map pings.
Battlefield 2042 devs have reportedly resubmitted the Day Zero patch to include even more fixes ahead of its launch.
Following feedback from the Battlefield 2042 official Beta, the game's devs have decided to increase aim assist for controller players.
Following the Battlefield 2042 Beta, the game's developers have revealed the major changes made to the game for its launch on November 19.
The five final Specialists for Battlefield 2042 have been officially revealed, so here's every new character and their abilities.
Battlefield 2042's squad-based mode Hazard Zone has been revealed, but Dr Disrespect has some concerns about the mode's longevity.
Battlefield 2042 is almost here, so here's everything we know about EA and DICE's title including the release date, gameplay, and Portal.
Popular streamer NICKMERCS has called for Warzone's "overcomplicated" weapon tuning system to go back to basics.
Here's the best Lachmann-762 loadout in Warzone 2 Season 1 Reloaded, complete with the right attachments, Perks, and equipment.
Call of Duty: Warzone 2 players are calling on the devs to add a day & night cycle, similar to...


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| Aug 22, 2012
| 2:49 PM
Acadia-MCB Holding Co. LLC, a joint venture between affiliates of Baltimore-based MCB Real Estate LLC and Acadia Realty Trust, announced Wednesday the acquisition of the 265,000-square-foot Arundel Plaza on Ritchie Highway in Glen Burnie.
| Aug 27, 2012
| 11:47 AM
Giant Food Stores are recalling Daniella Mangos from Mexico because of possible Salmonella contamination. There are reports of people getting sick from them in Canada. Customers can return the fruit to the store for a refund. Recall date08/27/...
| Aug 28, 2012
Online grocer Relay Foods of Charlottesville, Va., is rolling out service Tuesday in Baltimore, Washington and Philadelphia and plans to offer groceries from local suppliers and farms through home delivery and, eventually, at pick-up sites.
| Aug 31, 2012
| 3:29 PM
A 54 year old Lancaster County woman suffers multiple injuries in a purse snatching in a Giant Food store parking lot. It happened at around Noon in the parking lot of the Giant in the 1000 block of Lititz Pike, Warwick Township.
Police, are looking...
| Jun 29, 2012
| 12:47 PM
Marshall Klein, fourth-generation scion of the Klein's grocery store family, is proud of the sweet potato pies stacked near the entrance to his newest supermarket, ShopRite of Perring Crossing in Parkville.
"We steam the potatoes ourselves," and on a...
| Jun 11, 2012
| 8:24 AM
Catonsville High earns $8,000 through Giant Food program
Catonsville High School was among the top 13 schools in Maryland that earned the most money through Giant Food's 2011-2012 A+ School Rewards Program, according to a release from Giant.
| Jun 11, 2012
| 3:30 PM
Twenty Giant Food workers will be laid off by the end of the month after a dry-goods warehouse in Jessup that supplies Giant stores closes, union locals representing workers said Monday.
Warehouse operator Jessup Logistics LLC said in April that it was...
| Jun 12, 2012
| 12:59 PM
Giant Food Stores and Martin's Food Markets are voluntarily pulling pints of Ben & Jerry's Chocolate Nougat Crunch ice cream from store cases. The reason the product contains undeclared peanuts or tree nuts on the ingredient label.
The affected product...
| Jun 13, 2012
| 8:15 AM
Police are using social media to catch the man who killed Virginia Tech student Morgan Harrington in 2009.
Two composite sketches of the murder suspect, one with and one without facial hair, are being shown on billboards all over the east coast.
| Jun 13, 2012
| 1:40 PM
"Hi, I'm James of Metallica. Back in 2010 our band offered $50-thousand for helping catch the person who killed Morgan Harrington," so starts the PSA starring James Hetfield.
Hetfield is used to being in front of millions of fans as the lead singer of...
| Jun 16, 2012
Plenty of shoppers at a Baltimore Safeway have started checking their cell phones while pushing carts and scanning shelves.
They may have been texting or checking Facebook updates, but now grocery customers could use mobile devices to plan meals,...


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The success of the best selling author Paulo Coelho, who posted several of his books on BitTorrent, has inspired the publisher and Leander Kahney -the author of the two books- to do the same.
No Starch Press’ Bill Pollock uploaded the torrent to The Pirate Bay himself, as he writes: “I think that publishers (music and book) are spending too much time circling the wagons and not enough time thinking of ways that they can use technology to advantage.
“Certainly, our move here is a bit unusual, but someone has to take the plunge. May as well be us. After all, we were the first publishers in the United States to come out publicly against the DMCA. Time to put our money where our mouth is, as they say,” Pollock adds.
We applaud this move of course, and hope that many authors and publishers will do similar experiments. When Paulo Coelho, the best-selling author of “The Alchemist” made his Russian translation available, without consent from his publisher, the sales in Russia went from 1,000 books a year, to over 1,000,000. Who doesn’t want that?


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Nanjangud Rasabale, Kodagu Coffee, Mandya Jaggery in the list of products to be promoted
Mysore/Mysuru: To tackle the economic slump resulting from COVID-19 pandemic, the State Government is pushing for the ‘One District One Product’ (ODOP) scheme with an intention to promote micro food processing industry.
The scheme has been launched by the Union Government where a cluster approach will be adopted while providing credit-linked subsidy for setting up two lakh micro processing units across the country with an estimated cost of Rs. 10,000 crore.
Under the scheme, one product from the district will be promoted and Nanjangud Rasabale from Mysuru district, coffee from Kodagu and jaggery from Mandya find a mention in the list prepared by the State Government to be promoted under the scheme.
Other products include bakery products from Bengaluru, seafood from Udupi and onions from Bagalkot, red gram from Kalaburagi, lemon from Vijayapura, mango from Haveri, Byadagi Menasinakai (chillies) from Gadag, ginger from Bidar, fig from Ballari, guava from Koppal district, spices from Chikkamagaluru district and pineapples from Shivamogga.
The famous and delicious banana variety Nanjangud Rasabale is mainly grown in Mysuru district. Rasabale is famous for its special taste and aroma and the fruits are always in high demand in the market with maximum price compared to other banana varieties.
A few years back, this variety was grown in thousands of acres surrounding Nanjangud and Mysuru but now the cultivation is restricted to over 30 acres. Owing to the specific and rare qualities like taste, smell and pulp quality, the Nanjangud Rasabale was given the Geographical Indication (GI) protection in 2005 under the Goods (Registration and Protection) Act, 1999.
Likewise, Kodagu is known for its coffee production. India ranks fifth in the world in terms of coffee production and 71 percent of this coffee comes from Kodagu. It is also nicknamed the ‘coffee cup’ of India where some of the world’s best varieties of coffee — Robusta and Arabica — are grown.
Under the scheme, each State would identify food products for a district keeping in view the existing clusters and availability of raw materials. The Central Government has approved Karnataka’s list under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme.
This would help small businesses involved in the selected product to get Government support in seeking loans and gaining training to market their products. Support for common infrastructure and branding and marketing would be done for the products identified under the scheme.
Under the scheme, existing individual micro food processing units wanting to upgrade their units can avail credit-linked capital subsidy at 35 percent of the eligible project cost with a maximum ceiling of Rs. 10 lakh per unit.


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Dutch authorities are making the country’s famous cannabis cafe’s a members-only club in a bid to crack down on drugs tourism. Only customers with special identity cards proving membership of a coffee shop will be served. To become a member you have to live in the Netherlands.
Get a different perspective
Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.


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Reports suggest Facebook is in the process of developing its own cryptocurrency, with plans to launch in as many as a dozen countries as early as Q1 2020.
The cryptocurrency could be unveiled to the world by the end of the year, with plans to kick off operations during the first quarter of 2020.
It would appear this is one of the more radical ideas from Facebook to differentiate its business, removing the dependency on the increasingly under-fire data sharing economy.
While the idea of virtual currencies is not particularly new, real-world applications will escape the imaginations of most.
In this example, Facebook may want to move towards a more dominant position in the digital economy, enabling purchases through its various different products.
Cryptocurrency will become an important facet of this process, firstly to encourage people to purchase through the products instead of going directly to the advertiser, and secondly, allowing people without bank accounts to engage in eCommerce.


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Things aren't going so good over at file-sharing wunderkind, BitTorrent.
According to a report on Valleywag Wednesday, BitTorrent is laying off its entire sales and marketing department, 12 people out of the company's entire staff of 55.
"The immediate cause of the layoffs," according to Valleywag, is "a failure to sell the Torrent Entertainment Network, BitTorrent's attempt at an online media store, to Best Buy for a rumored $15 million."
The story goes on to state that a source told Valleywag that the Torrent Entertainment Network sale fell apart due to the FCC weighing in recently on file sharing.
BitTorrent wasn't immediately available for comment.


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HAY stocks are reaching critical levels in the region with the prolonged dry spell starting to impact local farmers.
Prices have reached as much as $600 a tonne in the New England with farmers and suppliers forced to go further and further afield to source feed for their hungry cattle.
Gloucester Rural Supplies manager Troy Higgins said his business had sourced supplies of hay from as far away as West Wyalong to meet the local demand.
He said the demand for hay was at its highest for more than two decades.
“In 22 years I’ve never seen so much hay sold through the shop,” he said.
Typically, the business buys its stores of hay from the Tamworth area but even there supplies are dwindling.
“Anyone who has stock they’re trying to hold onto is behind the eight-ball a long way,” Rob de Groot from Leon’s Hay Sales in Gunnedah said.
“Parts of Queensland have been in drought for 18 months which means there’s very little feed around in this area.
“Our sheds are normally full this time of year but this year we don’t have a bale to our name. We’re pre-selling all our lucerne.
“We won’t begin harvest on the next lot for 10 days but we’ve sold the lot already.”
Mr Higgins said farmers locally were getting desperate with water supplies at some of their lowest levels since the late 1990s.
“The surface water isn’t there and the dams are drying up. Anyone on the Barrington River is OK because they can irrigate but outside that catchment it’s all hand feeding,” he said.