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February 05, 2014 -- The NYC Winter Wine Festival is a popular NY Event. Refinery Hotel – An NYC Hotel has special offers to welcome visitors who come to the city to enjoy all of the fabulous Events for foodies and wine...
February 05, 2014 -- IncrediBooths, a New York photo booth rental company, is honored by The Knot as a top wedding vendor.
February 05, 2014 -- Capture POD professional photo booths sees dramatic increase in sales and rentals.
February 05, 2014 -- Bohemian fashion lines merge to be the leader in curation of hand-crafted accessories.
February 05, 2014 -- With Valentine's Day and weddings sprouting all around, those seeking a visual delight in anticipation of love's celebration find a treasure trove of eco-friendly gifts on these cold, February...
February 04, 2014 -- Recently, Aypearl.com, a famous China jewelry supplier, has announced a new collection of simple design turquoise bracelets with Tibet silver charm.
February 04, 2014 -- Dr. Kat, America’s sexologist, offers five ways to make Valentine’s Day special.
February 04, 2014 -- Awards given to the highest earning and most popular event vendors in over 152 categories including Top DJ, Top Photographer, Most Popular Wedding Band, Most Popular Corporate Event Entertainer, and...
February 04, 2014 -- Pin to Win Contest Offers Consumers a Chance to Win $250 to Hamilton Jewelers
February 04, 2014 -- Hudson residents get the best body hair removal prices in Jersey.
February 04, 2014 -- Leading women’s footwear and accessories line, J.Reneé, will showcase their winter 2014 collection at the Fashion Footwear Association of New York Trade Show (FFANY) February 5th-7th 2014.
February 04, 2014 -- Tuttle Publishing and author artist Lydia Chen have collaborated to release their new book, Fun with Chinese Knotting.
February 04, 2014 -- Callie Badorrek of Monster Hollow Studios will join The Fine Arts Company for an exclusive sculpting demonstration on Saturday, February 8.
February 04, 2014 -- Studies suggest many men carrying their cell phone in their pockets all day will be shooting blanks on Valentine’s Day. RF Safe's new flip case shield for cell phones reduces radiation exposure...
February 04, 2014 -- Krispy Kreme Original Glazed and Mocha Iced Coffees Available at US Walmart Locations - February 10th
February 04, 2014 -- Travel & Leisure Group, a leading European Timeshare Resale Brokerage, brings the world of private timeshare sales front and center. They will be exhibiting at the 2014 Times Destinations Holiday...
February 04, 2014 -- Beauty Research, a beauty blogging web site, published an article today discussing dietary supplements.
February 04, 2014 -- A Active Limousine is now offering transportation to and from Denver International Airport at new flat rates that lower than ever.
February 04, 2014 -- All-natural products are great for skin, but they can be difficult to find. See how anyone can find the right products for their skin type with this new article from Skincare-News.com.
February 04, 2014 -- West Coast Fighting Championship is bringing you another great event on February 15th, 2014. ENC Valet Parking will be providing parking services for the event.
February 04, 2014 -- The Floral Department at Norway Gardens is proud to offer beautiful Freedom roses of the highest quality for your Valentine Day needs. There are many pointers to remember when you are in the market...
February 04, 2014 -- Buy now to enjoy 25% off from Spring Trends 2014 Collection on OASAP.
February 04, 2014 -- Pantone has chosen Radiant Orchid as the 2014 Color of the Year. In response to that announcement, antique jewelry boutique Topazery has selected a vintage cocktail ring featuring a radiant orchid...
February 04, 2014 -- Villa Rental Provider Surpasses Competitors With 50 Properties in Paris
February 04, 2014 -- In Celebration of Valentine's Day, take a Journey with SeductionMeals.com from February 4th to February 14th for an unabashed adventure of food, romance and love.


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The front yard at 107 Delong Ave. in Syracuse may only be 50 feet by 50 feet, but Ginny and
John Guidetti have found the space to display more than 50 giant, light-up Christmas decorations.
There are massive light-up Santas, florescent angels, human-sized candy canes. Every window glows with colored lights.
“I’ve been here 17 years and I’ve been doing this for 17 years,” Ginny said. “My husband has no choice but to help me.”
John joked that he wouldn’t dare refuse to help his wife assemble the massive Christmas display. He said she looks forward to it all year.
“I go down in the cellar and watch the electric meter go zip, zip, zip,” he said. “It’s like ‘National Lampoon’s Christmas Vacation.’”
Their electric bill rises by more than $100 a month during the time the display is live, they said. However, they now have something to make that bill a little sweeter.
The Guidettis are the winners of The Post-Standard holiday decoration contest. They won a Keurig Platinum single-cup coffee brewing system and a box of coffees, teas and cocoas that work with the system. Their prize retails for about $200.
Their two-car garage has never covered a car, they said. Instead, they use it to house their Christmas decorations in the off-season.
“Each year, I pick up something more, but I don’t think I can fit too much more,” Ginny said. “Next year, I want Santa and the reindeer climbing up the roof.”
The Guidettis said they start assembling the display in November. It takes a month for them to put everything in its proper place, they said. Their 14 grandchildren, ages 3 to 17, love the display, they said.
“My neighbors say I’m nuts but I don’t care,” Ginny said. “I love doing it. It makes me feel good.”
Inside, their home is filled with more than 100 mechanical Santas. Some turn from side to side, one does the Macarena, another snores. And this display is a pared-down version. This year, they gave three large boxes of Christmas decorations to neighbors who didn’t have enough money to buy their own, they said.
“When we were kids, there was no money,” Ginny said of her childhood on Syracuse’s South Side. “We didn’t have lights on the house. We made homemade ornaments out of popcorn and paper.”
Now, they said, they are in their mid 60s. Their children are grown and they have the extra money to make Christmas as bright as their childhood fantasies, they said.
“We’re not rich, but we’re not poor,” John said. “We can afford this.”
Christmas, Ginny said, is her favorite holiday.
“I don’t care if you’re speaking to someone or not,” she said. “This is the time of year when everyone should love each other.”

domain: news


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Mcd is the industry's leading source for current news, technology, and methods medical construction & design is a 'horizontal' publication reaching all. Recipients of medical design briefs (controlled monthly) published by tech briefs media for engineers who design and develop products for the medical market. Medical design briefs features exclusive coverage of the latest medical product outsourcing is the only global magazine dedicated to the growing trend of. Medical design briefs, new york, new york 214 likes the only publication for the medical oem market targeted to 40,000+ subscribers and 100% to medical. A recent survey by prisym id of medical companies in europe and north america has medical design when it comes to ebola, is there really an app for that. Medical design and outsourcing december 11, 2017 medical device business bookmark, share and interact with the leading medical design engineering magazine today.
Magazines available for download 2018 with more than 40,000 bpa-audited subscribers and our pass-along rate, medical design briefs reaches 90,000 oem engineers. Nasa tech briefs’ bio-medical web page spotlights bio-medical technologies and product design ideas that have been published in nasa tech briefs magazine. Here’s what was new in the world of medical device suppliers during the week of january 1 r&d and design services surface treatment testing, metrology. This article appeared in the october 2016 issue of medical design briefs functional prosthetic arm (courtesy of the john hopkins university applied physics.
Medical design briefs features exclusive coverage of the latest medical and bio medical innovations from nasa, its industry partners, and other major players in. Medical design briefs, published by tech briefs media group, is the only publication targeted 100% to engineers who design and develop products for the medical market. View beth sisk’s professional content of this monthly trade magazine to the medical read article in every issue of “medical design briefs.
Features exclusive coverage of the latest medical and bio-medical innovations from nasa, its industry partners, and other major players in medical r&d worldwide. Free subscription to medical design briefs medical design briefs features exclusive coverage of the latest medical and bio-medical innovations from nasa, its. Medical design briefs magazines available for tech briefs is your gateway to the global design community tech briefs media group and our parent.


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Municibid CEO Greg Berry said, “Public institutions like Penn College rely on many revenue streams to keep tuition affordable for in-state residents. This is an easy way to make money for the college by selling old equipment, vehicles, and other items."
Williamsport, PA (PRWEB) April 17, 2013
In an online auction that started on April 8th and ends on April 22nd, the Pennsylvania College of Technology, an affiliate of Penn State University, is selling heavy equipment for additional non-tax, non-tuition revenue. By using an established, but innovative, online government auctions site specifically designed for government affiliates, agencies, and municipalities, Penn College is conducting a 2-week auction of its surplus excavators, loaders, forklifts, and trucks. It is looking to garnish thousands of dollars to be put back into its budget.
Penn College is using online auction site, Municibid.com to sell the items. Municibid was established in 2006 and has grown steadily since, with over 800 government agencies auctioning surplus through the efficient online system. Penn College is auctioning surplus items online because the website has an established nationwide reach growing every day. Auctions on Municibid result in competitive bidding and fair prices for government surplus items.
Municibid Founder and CEO, Greg Berry said, “Public institutions like Penn College rely on many revenue streams to keep tuition affordable for in-state residents. Municibid is an easy way to make money for the college by selling old equipment, vehicles, and other items,” Berry added, “Auction items will reach a much broader, national audience of competing bidders, leading to better net results.”
The Pennsylvania College of Technology’s online auction of the surplus heavy equipment ends on April 22nd. Among the items for sale are a CAT 944 Traxcavator, a 1974 John Deere 755 Track Loader, a 1968 Cat 769B Rigid frame haul truck, a John Deere 350D, and a John Deere 380 Fork Lift.
This surplus heavy equipment auction can be found online here:
Municibid.com is an online government auctions platform serving over 800 state and local government agencies across the US from cities like Philadelphia, Boston and Baton Rouge, to small towns, authorities, school districts and universities. Municibid is designed for government agencies to more effectively sell surplus, forfeitures and other no longer needed items to the public via a convenient and easy-to-use website. Municibid proactively markets items nationwide via social media and traditional avenues at no cost to the selling agency.


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Statistics show that over half of all Internet usage is video related!
Orlando, FL (PRWEB) July 31, 2011
With Internet video’s popularity at an all-time high, video marketers and businesses will now be able to take advantage of a free “how to” video tips newsletter from VScreen to help them with creating their own videos.
According to VScreen’s CEO, Stephen Schweickart, the focus of the monthly newsletter will be practical “hands-on content” for showcasing basic tips about video production and marketing. Typical content will range from topics such as “How to Reduce Production Costs", to “What is Storyboarding”, “What is the Best Camera”, “Why Social Media Video”, “Making a YouTube Marketing Video", and “Online Video Marketing Tips”.
“Our goal is to be an easy to understand, practical source of timely information that video marketers can put to use immediately,” said Schweickart, who added that the newsletter will be free to anyone who signs up for it at VScreen.com. The first edition is slated for release on August 1st.
Schweickart cited that Internet video marketing is a tool that is seeing unprecedented growth for businesses of all sizes. Statistics show that over half of all Internet usage is video, and that properly distributing video will increase the chances for an organic 1st page Google ranking by up to 53 times. In addition, video thumbnails are 41% more likely to be clicked on than other link types, making them a powerful tool for websites, social media, and email campaigns.
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- President Donald Trump recently floated a tariff of as much as 100% on French wine, according to a report from Bloomberg.
- News of the remarks, reportedly made at a fundraiser on Long Island, New York, comes amid a dispute over a new French tax that affects major tech companies such as Google, Facebook, and Amazon.
- Trump has previously threatened taxes on French wine.
- Visit Business Insider's homepage for more stories.
President Donald Trump recently floated a tariff of as much as 100% on French wine, according to a report from Bloomberg's Jennifer Jacobs and Jenny Leonard.
Citing two sources with knowledge of the president's remarks at an August 9 business roundtable in the Hamptons on Long Island, New York, Bloomberg noted that the specific proposal might not be serious, though trade tensions between the US and France have been rising recently.
France recently approved a 3% tax on revenue of major multinational companies doing business in the country, including Facebook, Amazon, and Google. In July, the Trump administration opened an investigation into that tax that could result in retaliatory tariffs against France.
Trump has publicly ridiculed the new French tax in recent weeks. On July 26, he tweeted that his administration would "announce a substantial reciprocal action on Macron's foolishness shortly." He closed the tweet with a remark about the European country's famous export: "I've always said American wine is better than French wine!"
In November, Trump took direct aim at what he viewed as unfair trade practices in the wine sector, tweeting: "France makes it very hard for the U.S. to sell its wines into France, and charges big Tariffs, whereas the U.S. makes it easy for French wines, and charges very small Tariffs. Not fair, must change!"
While Trump is widely reported to abstain from alcohol, his son Eric Trump owns and operates a vineyard and winery in Virginia.
The increased trade tension with France comes amid a larger trade war. Last week, China announced retaliatory measures against the latest round of US tariffs on goods from that country, contributing to broader fears about a possible slowdown in the US economy that sent stocks spiraling Wednesday before recovering later in the week.


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Anheuser-Busch (NYSE:BUD) stock is down 32% this year, yet the company is poised to benefit from relatively resilient beer consumption and popular seltzer beverages.
Moreover, over the long term, the company looks well-positioned to benefit tremendously from a powerful rebound of spectator sports, bars, concerts and nightclubs.
Overall Beer Consumption Has Been Resilient
In the 16 weeks that ended in June, total beverage alcohol sales surged 26% year-over-year, Seeking Alpha quoted Nielsen as reporting. Beer slightly underperformed the total alcoholic beverage category , but beer sales still jumped 21.4% during the period.
In 2020, the revenue from beer sold off-premises (i.e. outside of bars, restaurants, and live events) has risen 16%.
Since Anheuser-Busch has historically generated 30% of worldwide beer sales, expect the company to benefit meaningfully from this resiliency.
I expect beer sales to remain strong as long as hundreds of millions of people are avoiding many activities and staying at home, while large portions of the economy continue to struggle.
It’s well-known that alcohol consumption tends to jump when people are feeling bored and depressed. And long-lasting partial shutdowns, along with economic problems and high levels of unemployment, certainly lead to boredom and depression.
After all, there’s a reason why almost every state considered alcohol stores to be essential in March, April and May.
Further, European beer giant Carlsberg (OTC:CABGY) reported that its sales in China rebounded strongly in the second quarter, while “sales in western Europe also improved toward the end of the quarter as economies began to reopen.”
Even though the company’s second-quarter revenue slid 15% overall, the rebound seen towards the end of the quarter in China and Europe certainly bodes very well for Anheuser-Busch and BUD stock.
Seltzer Will Be a Growth Category for Anheuser-Busch
Sales of seltzer with alcohol came in at $1.5 billion in 2019, and they are growing quickly. Young, wealthy people of both genders are buying it, CNN quoted a Nielsen executive as saying.
The fact that wealthy people like spiked seltzer bodes well for the near- to medium-term outlook of the category since many wealthy people in sectors like tech and government are retaining their jobs and income during the current downturn.
As of February, Anheuser-Busch’s Bud Light Seltzer was the No. 3 spiked seltzer drink in the U.S. Further, “Anheuser Busch now sells three of the top five spiked seltzer brands: Natural Light Seltzer sits in fourth and its original spiked seltzer, Bon & Viv, is in fifth place,” CNN noted. And as of the end of last year, the beer maker was planning to invest a substantial $100 million in spiked seltzer.
A Rebound of Spectator Sports, Bars and Nightclubs
With a vaccine looking very likely to be introduced by the end of the year, bars, nightclubs, concerts and live spectator sports are likely to come roaring back within five or six months due to pent-up demand. Many million cans and bottles of Bud beer and Bud Light seltzer will be consumed at those events.
I believe that those who buy BUD stock now will benefit a great deal from the strong snapback of beer consumption in the wake of the launch of a vaccine.
The Bottom Line on BUD Stock
Anheuser-Busch is likely benefiting from resilient sales of its beer and rapidly growing sales of its spiked seltzer now. Over the longer term , the company’s results will be boosted by pent-up demand for live events following the launch of a vaccine.
With the stock still trading around 50% below its 52-week high, now is a very good time for longer-term investors to buy BUD stock.
Larry Ramer has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Roku, solar stocks, and Snap. You can reach him on StockTwits at @larryramer. As of this writing, he did not hold a position in any of the aforementioned securities.


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Kerr Drug promotes Mark Gregory to SVP store operations
RALEIGH, N.C. — Kerr Drug has promoted Mark Gregory to SVP store operations, effectively immediately, the regional retail pharmacy chain said Monday.
Gregory, who was previously VP pharmacy and government affairs, will report directly to president and CEO Anthony Civello. He also is the company’s privacy officer and chairman of its political action committee.
"Mark has extraordinary depth of intellect and experience in every facet of community pharmacy, from educational and legislative issues to operations and administrative policies," Civello said. "He has been a primary voice in the retail pharmacy landscape for decades and has made significant impact at the national level on a multitude of issues."
Gregory was a pharmacist for 11 years when he became manager of pharmacy systems and third-party programs at Pittsburgh-based Thrift Drug Co. He also served briefly in pharmacy operations at Eckerd following that company’s acquisition of Thrift Drug.
He also has served as president of the North Carolina Association of Pharmacists and as chairman of the National Association of Chain Drug Stores’ policy council and is currently chairman of the executive committee of the North Carolina Retail Merchants Association.
WAG fires another salvo in bid to outflank ESI
Another quality regional drug chain is about to be a memory.
Walgreens scored another expansion coup last week with its announcement that it will absorb Pine Bluff, Ark.-based USA Drug, ranked No. 31 in sales on the DSN PoweRx list of the nation’s top 50 pharmacy retailers. The deal, valued at $438 million, includes all of the storied holdings owned by founder and pharmacist Stephen LaFrance, including 144 stores in Arkansas, Kansas, Mississippi, Missouri, New Jersey, Oklahoma and Tennessee; corporate offices; the company’s big and highly automated distribution center in Pine Bluff; and the wholesale and private-label business owned by Stephen L. LaFrance Holdings and members of the LaFrance family.
For Walgreens, the deal is the latest in a series of strategic moves in the wake of a costly dispute with pharmacy benefit management giant Express Scripts over the pharmacy benefit manager’s contract reimbursement rate. Since the service contract between the two entities expired in January, effectively shifting prescription and front-end business away from the chain’s 7,980 drug stores, Walgreens has seen a significant reduction in both sales and earnings.
Its most recent financial results, for the third quarter of fiscal 2012, underscore the impact. For the three-month period ended May 31, net earnings for Walgreens dropped 10.8% from the same period last year, to $537 million, with sales down 3.4%. Prescription sales slid 6.6% on a company-wide basis and a sobering 9.9% in stores open more than a year. Absent Express Scripts’ fulfillment contract, Walgreens filled 192 million scripts in the three-month period, a decrease of 8.4% from the prior-year third quarter.
Nevertheless, it looks like Walgreens is rising to the challenge. For one thing, it’s clear that the retail pharmacy giant is holding firm in its refusal to participate in unprofitable PBM fulfillment contracts, even at a real cost to its top and bottom lines [a decision which has won the company praise from small-scale pharmacy operators without the clout to stand up to PBM take-it-or-leave it terms]. For another, the company has repeatedly signaled its determination to move on with or without ESI.
How? In part by bypassing the PBM route and going directly to employers and other health plan sponsors with a growing menu of easily accessible health and pharmacy services, and in part by building up its pharmacy network through purchases like USA Drug that company strategists hope will make Walgreens almost impossible for any PBM to ignore when putting together local provider networks.
Drug Store News‘ Michael Johnson does a fine job of analyzing the ramifications of the buyout for Walgreens as it works to regain its equilibrium and growth momentum without the millions of Express Scripts members no longer filling their prescriptions at the chain. But are there enough other successful regional pharmacy players out there as potential takeover candidates in other markets to make that strategy viable on a national level?
And will all of Walgreens’ moves be enough to overcome the loss of ESI’s millions of patients?
Only time will tell. What do you think?
Pharmaca Integrative Pharmacy unveils full beauty experience
BOULDER, Colo. — Pharmaca Integrative Pharmacy on Monday unveiled its new Natural Beauty Bar department at its Pacific Palisades location. Offering a variety of spa services, the Natural Beauty Bar serves as an expansion of Pharmaca’s beauty offerings with waxing and threading services and makeup and lash applications, among other services.
"We’re thrilled to be extending our hands-on practitioner model from skin care and makeup expertise to these beauty services," said Tiana Ukleja, Pharmaca’s health and beauty category manager. "The Natural Beauty Bar was conceived in response to an increasing demand from customers for waxing and cosmetic services that utilize salon-quality skin care and cosmetics, Ukleja said. “These are services that women used to have to go elsewhere for. We hope that they’ll take advantage of being able to pick up their favorite beauty products and get a brow wax, all-in-one spot."
The 1,000-sq.-ft. Natural Beauty Bar centers around two areas: the brow bar, including two chairs for waxing and threading services, and the makeup area, with four chairs available for makeup application and makeovers. The bar is surrounded by Pharmaca’s selection of natural skin care and cosmetics from such brands as Jane Iredale, Dr. Hauschka, Evanhealy and Suki.
Customers who spend $100 on cosmetics or facial care products at Pharmaca will receive a complimentary mini-makeover at the Natural Beauty Bar. Additionally, members of Pharmaca’s Feel Better Rewards loyalty program can take advantage of a frequent buyer program: For every five brow shaping services they purchase (either waxing or threading), they’ll receive a sixth for free.
To kick off the opening of the Natural Beauty Bar, Pharmaca will host grand opening festivities July 27 through July 29.


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The owners of Harry’s Pizzeria & Tavern at 39 South Main Street in West Hartford say it will officially close its doors on March 14.
By Ronni Newton
Harry’s Pizzeria & Tavern has had a presence in West Hartford for nearly three decades, but owners Bob and MaryAnn Hagmeier said it is with heavy hearts that they are announcing the business will officially close its doors on March 14,
“We’re really sad too,” MaryAnn Hagmeier said Sunday. “We just couldn’t come to terms with the landlord.”
The lease runs out on March 31, and MaryAnn Hagmeier said they worked hard to negotiate a contract that would work in the current economic climate. When that wasn’t going anywhere they thought they had secured a buyer for the business, but that potential buyer was also unable to come to terms with the landlord.
“We made some very reasonable proposals,” she said, noting that they have continued to pay a very expensive lease in full throughout the COVID-19 pandemic.
In 2017, the Hagmeiers bought Harry’s from founder Barbara Lang – who had moved the business from Hartford to 1003 Farmington Ave. in West Hartford in 1992. Harry’s moved to 39 South Main St. 10 years ago, taking with it much of the same decor.
The Hagmeiers did a major remodeling and updating of the space in 2018 – remaining open for takeout throughout the process. The renovations included covering the walls with barn wood, and creation of a 15-seat bar with high-top tables, as well as a tweak of the name to include “Pizzeria & Tavern.”
“We’ve had tremendous support from the community,” Bob Hagmeier said. The COVID-19 pandemic is not the reason they are closing, he said.
“We have had the pleasure of working with an incredibly committed team who have helped us stay afloat during the past year and we thank you all from the bottom of our hearts,” the Hagmeiers said.
The Harry’s name is not going to disappear, however.
One outcome of the pandemic is that they have been challenged to “think outside the box,” and as another revenue stream had already developed a line of individually hand-stretched premium frozen pizzas.
“We use the same high-quality ingredients that we use for our in-house pizza and we are getting rave reviews,” they said.
“Harry’s Pizza” will continue to be in the name, and finalization of the branding is currently underway.
Bob Hagmeier said they are in negotiation to secure commercial kitchen space, and would love to eventually find a new, permanent location to create the new product line in West Hartford.
The frozen pizza is currently available at Geissler’s Supermarket in Bloomfield, Granby, East Windsor, and South Windsor, as well as Highland Park Market in Farmington and Manchester. They plan to approach Crown Market, Hall’s Market, and perhaps Whole Foods as well regarding distribution of the frozen pizza product.
Harry’s Pizza is also available at some Connecticut breweries.
The contents of the South Main Street restaurant – including the bar, lighting fixtures from Connecticut Lighting Center, furnishing, and fixtures, all of which are less than three years old – will be offered for sale prior to the termination of the lease on March 31.
“The West Hartford community has been really supportive,” MaryAnn Hagmeier said. “We are tremendously grateful.”
They said it has been a privilege to serve this community and they hope to continue the relationship through the frozen pizza product.
Updates on the expansion of the frozen line will be posted to their Facebook and Instagram (@Harryspizzaweha) as distribution expands throughout the year.
Like what you see here? Click here to subscribe to We-Ha’s newsletter so you’ll always be in the know about what’s happening in West Hartford! Click the blue button below to become a supporter of We-Ha.com and our efforts to continue producing quality journalism.


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Ibiza's favourite DJ Carl Cox has announced the release of his latest instalment - a record label. The imprint entitled Awesome Soundwave will focus on delivering musical output from live electronic bands and musicians. The opening release, which is scheduled for May, is reserved for Irish artist and label co-owner Christopher Coe.
Awesome Soundwave label
While Carl Cox already successfully runs his Intec record label, he'll add another imprint to his list. As Carl stated, his idea was to create a label where artists who actually can make their music live, and therefore perform live, have a stable where they can be themselves. That way they are able to create the music without any boundaries and to feel free in the sense of releasing music without prejudice in any way, shape or form. The debut release was composed by Christopher Coe which is also known as Digital Primate and it's an album titled MNTNS of SLNC which holds eight original tracks.
This album will be released in May 2018 and you can already listen to the first tune below. Check out labels webpage for other information HERE.


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Since destapase the scandal at Volkswagen, the european car manufacturers are in the crosshairs of the agencies of fraud discover whether the customers and car buyers are being misled about the emissions of their vehicles (and by extension, the governments that collect less taxes for pollution).
Now has come the turn to Renault, which is currently being investigated by a possible fraud in the emissions of their engines.
As they say spokespersons for the union, agents of the anti-fraud office French are doing raids in various centers of testing, standardization and tuning of engines of Renault, investigating the emissions of gas from its thrusters, coming to seize several computers to collect information and data more comprehensive.
This is being reflected in the stock quote of a French manufacturer that has registered up to this time a down more than 20% in the value of their actions, the largest decline recorded for them in the stock market since the year 1999.
of course, other manufacturers are not safe from the economic movements with the so-called “leverage effect” in other companies of the competition, as Peugeot, which posted a decline of 10%, or Volkswagen, Daimler and BMW, a 5%.
we’ll keep you informed in all that pertains to this possible new scandal of the signature gala, has said that it will collaborate with the authorities to the 100%.


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The week is off to a good start for meme stocks, and even ones that don’t really identify as meme stocks.
Shares in popular meme names like GameStop
surged on Monday and Tuesday thanks in large part to deafening chatter among retail investors who are seeing yet another opportunity to pump the prices of their favorite stocks on internet message platforms such as Reddit.
GameStop soared by more than 27.5% Tuesday as retail investors pushed social media volume on the stock up by more than 2,000% at one point, according to data from HypeEquity. Meanwhile AMC closed up more than 20% thanks to a social media spike of more than 600%. The stories were similar for BlackBerry and Clover which both spiked more than 9% on massive social media volume increases.
For GameStop, which closed above $200 a share for the first time since early July, much of the social media chatter revolved around speculation that another squeeze had started on the still-heavily shorted stock.
AMC fans were also thrilled by talk on Reddit predicting that the stock might go past $60 a share by the end of the week, coming close to all-time high of $62.55.
But another stock pumped higher so far this week on retail investor sentiment is Robinhood
the meta-meme no-fee trading app that has a troubled history with retail traders, but which also made it clear last week it does not see itself as a meme stock at all.
Shares in Robinhood popped more than 9% on Tuesday despite no real news, but there was increased social media chatter around the stock on Monday and Tuesday, indicating that retail investors are warming to the company despite Robinhood’s decision to pull the plug on trading in January’s meme stock short squeeze that made GameStop and AMC household ticker symbols in the first place.
That lack of retail support has been evident in Robinhood stock, which spiked by more than 100% in its first few days of trading before giving back more than 40% of those gains by August 4. Robinhood has not tried to court retail investors, choosing instead to go quite the opposite way.
The company’s CFO, Jason Warnick, told CNBC just last week that, “It doesn’t resonate with me to call Robinhood a meme stock.”
While Robinhood has not benefited from the larger August heat wave for meme stocks thanks in part to that residual enmity, it looks to be joining in the party now after retail investors digested the trading platform’s first quarterly earnings and reasoned that there might be more there than meets the eye.
“There’s less idiosyncratic risk than was perceived by the market originally,” said Mizuho analyst Dan Dolev. “The risks are a little overblown and retail investors are seeing that.”
Dolev, who initiated his coverage of the company on Monday with a “Buy” rating, wrote that “Robinhood Is Not a Meme, It’s a Singularity,” and that concerns around the company’s business model fail to take into account that it’s no riskier than its competitors.
The other concern about Robinhood, its reliance on cryptocurrency transactions, is being seen by some on Reddit as a signal that the company’s stock is a cheaper alternative to Coinbase, an actual crypto exchange which trades at almost five times the cost of Robinhood.
As is the case with any major surge in meme stocks, rumors of the MOASS, aka the “Mother of All Short Squeezes”, being near are making the rounds on social media, indicating that support for memes will persist into Wednesday trading.


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Apr 07, 2021, 01:32 PM IST
Reserve Bank of India (RBI) on April 07 announced revised projection for CPI inflation of financial year 2021-22. "The projection for CPI inflation has been revised to 5% in Q4 of 2021, 5.2%, in Q1 of 2021-22, 5.2% also in Q2 of 2021-22, 4.4% in Q3, and 5.1% in Q4 with risks broadly balanced. On March 31, 2021, the government retained the inflation target at 4% with the lower and upper tolerance levels of 2% and 6%, respectively, for the next five years that is from April 2021 to March 2026. An inflation rate of 4% over the medium term has now been successfully entranced the economic landscape," said RBI Governor Shaktikanta Das.


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The department-store industry has been among the biggest losers during the COVID-19 pandemic. Macy's (M -0.95%) has been no exception.
The top U.S. department-store chain had to close all of its stores in March, and many didn't fully reopen for business until the summer. Even after stores reopened, customer traffic remained severely depressed due to COVID-19 concerns, weak demand for apparel, and a massive drop in tourism in the big cities where the company has flagship stores.
Fearing the worst, investors dumped Macy's stock as the pandemic took hold in March. On April 1, the stock closed at a multidecade low of just $4.43. However, since then, Macy's stock has jumped 107%. Much of those gains have come this month, thanks to positive news about two vaccine candidates.
Despite more than doubling since early April, Macy's stock remains well below where it started 2020. Yet after the company reported another quarter of improving results on Thursday, Macy's shares look like they have plenty of room to keep rising.
Another quarter of solid improvement
At first glance, Macy's third-quarter results don't look especially good. Net sales fell 22.9% year over year to $3.99 billion on a 20.2% comp-sales decline. The company lost $91 million under generally accepted accounting principles (GAAP), compared to a $2 million profit a year earlier. Excluding special items, Macy's lost $60 million ($0.19 per share). In the third quarter of fiscal 2019, it had posted an adjusted profit of $21 million, or $0.07 per share.
Considering the headwinds Macy's has been facing, though, these results were quite decent. For comparison, the department-store operator posted massive adjusted net losses of $630 million in the first quarter and $251 million in the second quarter. Macy's Q3 performance was also better than management and most investors had expected. (On average, Wall Street analysts had predicted sales of $3.86 billion and a much wider loss of $0.79 per share.)
Importantly, after burning through $296 million of cash in the first half of fiscal 2020, Macy's generated positive free cash flow last quarter. That was impressive, as Q3 is usually a seasonally weak period for cash generation. Its year-to-date cash burn now stands at just $142 million. The strong cash performance allowed Macy's to end the quarter with $1.6 billion in cash, plus about $3 billion of borrowing capacity on its credit facility.
The business will come back
As noted above, demand for apparel (especially dressy apparel) is severely depressed right now. Tourism is virtually nonexistent in big cities. Finally, many consumers are still avoiding stores, at least for discretionary items.
All of these pandemic-related factors are weighing heavily on Macy's sales and earnings. However, while there may be some permanent changes in how people live (and shop), most of these headwinds will lift over the next year or two as the pandemic abates.
Macy's ability to slow its year-over-year sales decline to 22.9% last quarter -- compared to a 45.2% drop in the first quarter -- is a great sign that it will be able to recover the sales it lost earlier this year over time.
Indeed, a record number of retail stores are set to close in 2020 (with more likely to follow in 2021). That should allow Macy's to gain market share in the dressy-apparel niche as demand recovers over the next few years. As tourism rebounds, Macy's stores in major cities (especially its flagships in New York, Chicago, and San Francisco) will go back to being major sales drivers. Finally, Macy's will benefit from its strong e-commerce business.
Digital sales grew 27% last quarter, accounting for 38% of total sales. Thanks to new capabilities like curbside pickup and same-day delivery through DoorDash, CEO Jeff Gennette expects digital sales to continue growing at a double-digit rate for the foreseeable future.
Expecting a strong profit recovery
As Macy's regains the sales volume it has lost in 2020, it will benefit from over $2 billion of cost cuts. Most of that savings has already been realized, with the rest coming on line by 2022.
Macy's will reinvest a lot of that savings in various growth initiatives, but it still should be able to improve its profit margin, even compared to pre-pandemic levels. In effect, the pandemic created a greater sense of urgency around cost management that will pay dividends in the long run.
While Macy's stock has more than doubled since April, it would have to double again to reach its early 2020 level. Given that Macy's has a decent shot at surpassing its 2019 earnings within a few years, that seems very doable. Indeed, if management can execute properly on planned cost cuts while getting sales back to around 2019 levels by 2022 or 2023, Macy's stock could have even more upside in the years ahead.


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16:08 | 09/08/2022 Companies
Binh Minh Plastics Joint Stock Company (BM PLASCO), a SCG’s member in Vietnam, was named one of the Top 50 best listed firms in 2022 by Forbes Vietnam Magazine.
BM PLASCO is the only firm in the sector of building materials specializing in plastic pipes and plastic pipe fittings to be included on this year's list. This is a remarkable milestone for the company's 45-year effort. In 2021, BM PLASCO reached a revenue of VND4,552 billion and a profit of VND 214 billion. In the first half of 2022, the consolidated revenue of the company has reached VND2,911 billion with VND341 billion profit, an increase of 11.5 percent and double respectively y-o-y. These are outstanding figures that demonstrate the firm's stability and durability during the post-pandemic business recovery era and establish long-term goals for the future.
Nguyen Thanh Hai, BM PLASCO’s Deputy Sales General Director, said: “Along with the continual development of science and technology, the Vietnam market has seen a growing number of plastic - construction materials which not only focus on quality but also design and convenience of use. Founded on a firm basis, BM PLASCO strives to enhance quality and invest in new production lines in order to develop more diversified product lines to satisfy the market's rising demands. Notably, it has launched its Inch PVC-U plastic pipe product range, which is made in compliance with ISO 1452, TCVN 8491 standards, and QCVN 16:2019/BXD. These results have motivated us to be more consistent with our objective of improving product quality in order to provide the best value to consumers while also making meaningful contributions to the community. "
In addition to the excellent business performance based on continuous product innovations, BM PLASCO also consistently follows SCG’s sustainable development strategies, in which economic progress is accompanied by social benefits and environmental protection. As the result, the company had been in the list for four consecutive years according to the Programme on Benchmarking and Announcing Sustainable Companies in Vietnam (CSI Programme), which was organized by Vietnam Business Council for Sustainable Development (VBCSD) under the Vietnam Chamber of Commerce and Industry (VCCI).
This year, BM PLASCO will celebrate its 45th anniversary with many proud achievements, which verify the prestige and boldness of a pioneering and leading firm in Vietnam's plastic industry.


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Will COVID-19 Kill 3D Printing?
3D printing has shown high potential in reacting to the supply chain crisis. And yes, the distributed manufacturing concept carries hope for building more resilient supply chains. But the COVID-19 crisis fleshed out some crucial limitations of 3D printing as a response tool.
The global economic downturn will severely impact innovation budgets where 3D printing is classified for most organizations. But there are also ways forward to show how to develop 3D printing as a daily procurement tool to create resilient supply chains.
It’s time to thoroughly work on building digital AM qualified inventories.
COVID-19 Lessons for the 3D Printing Industry
Over the course of March 2020, the COVID-19 crisis brought the world’s attention to 3D printing with distributed efforts to 3D print face shields, rapidly develop 3D printed testing swabs using Formlabs and Carbon technologies and producing life-saving ventilator parts. But it also revealed several challenges with questions around legal production, part qualification and integrating 3D printing as part of a larger assembly chain. These are all challenges that existed before, but were emphasized during the crisis. and need to be solved if the industry wants to confirm its place within the manufacturing value chain. So the COVID-19 response has been a testing ground to quickly show what components need to be put in place for more resilient stocks digitalization and qualification, during crisis times and after.
Over the past six weeks, 3YOURMIND has put together their covid response platform, a network of 3D Printing Providers, testing and certification organizations, medical design teams, original equipment manufacturers and medical centers. The organizational effort helped highlight the unique value 3D printing can bring, but also revealed five key lessons.
The 3D Printing community is poised to prove that this technology is not only a crisis response technology - the crisis has highlighted particular niches of further potential for 3D printing. Now we can move beyond the immediate circumstances to continue building even more agile, resilient and sustainable production systems.
MD North America, 3YOURMIND
To 3D Print or Not? And For How Long?
When it became clear that medical supplies like protective masks and ventilators were in short supply, the 3D printing community rallied with new designs and distributed production capacity in hours. The effort began in Europe where companies like Prusa Research developed face mask design iterations over a series of days that were quickly picked up by big players including Stratasys, HP and EOS who also started producing face masks at scales of more than 5,000 per week. These were also offset by the maker community who were producing items that were downloaded from free online repositories.
It got more interesting when Formlabs and Carbon began to produce nasopharyngeal (NP) swabs for COVID-19 testing kits. These offer a unique geometry that leverages the unique properties of 3D printing. In locations within Spain and Italy where logistics chains were also temporarily offline, having local producers for even routine medical equipment like respirator splitters and adaptors with local producers has a large effect like from Parc Taulí Institute.
However, as of this article in early April, injection molding has already been able to take over for production of several types of mass produced parts needed for new ventilator systems and larger manufacturers and for face mask production, like the case of the Montana Mask. The problem has shifted from a production problem to logistics and distribution. For the testing swabs, 3D printing continues to be a viable production method because it is a much more complicated production cycle.
3D printing is an important stop gap method, but establishing protocols to move from small series to serial production offers a much better way to scale a product without delay to match overall demand.
Is 3D Printing a Stand-alone Solution?
Even with the face shields and face masks, the most visible success stories for 3D printing, completing an end use product was dependent on having other materials - either a plastic film sheet or the required filter. This led to worldwide shortages of key materials and falling back to more readily available materials like fabric and coffee filters. What is clear is that 3D printing is quite important to solve functional problems, but needs to be considered in relation to a larger supply chain.
When we extend this to a digital spare part inventory, for instance, this would indicate that 3D designs should be linked with other key parts so that they can be sourced together in the event of part failure. For the Oil and Gas industry, for instance, that could be linking a 3D printed file to the appropriate bolts, pipes and filters to be inserted into the part. This may need to be done through an external ERP, or internal system, but without that interlinking a full solution cannot be delivered.
Also interesting is the Decathlon mask adaptor project. Initially, Isinnova in Italy created 3D printed adaptors to convert a Decathlon diving mask into a non-invasive ventilator mask for use in hospitals. What is quite interesting about this project is that it was then adapted in a few different ways to meet the availability of peripherals. The Ocean Reef Group created a similar adaptor for their face masks to be used also as emergency equipment with their existing filters. The Europecon Medica group in Prague adapted the Decathlon design to be compatible with their military grade air filters which they had in supply.
Because 3D printing has a limited use for end-use products, it can still play a significant role in stock digitalization by offering multiple designs based on what stock is locally available for other parts in the assembly.
More Covid-19 Lessons for the 3D Printing Industry
The first lessons centered around understanding the interrelation of 3D printing and traditional supply chains. At the end of the day, 3D printing can provide the main value as a stop-gap production method and a way to connect different components along the supply chain. Our next blogpost talks about the additional lessons we took about qualification, centralizing information and efficient order distribution.
Part 2: Starting with Qualified Inventories - Lessons #3 to #5
Part 3: Five Guidelines for Resilient Supply Chains
Coming to 3YOURMIND Blog on Thursday, May 7th, 2020.


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Facebook Inc CEO Mark Zuckerberg conceded that the company’s planned digital currency Libra was a “risky project,” but sought to reassure sceptical US lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people.
Zuckerberg also fended off aggressive questions on election interference, free speech, hate groups and fake news from members of the US House of Representatives Financial Services Committee.
Representative Maxine Waters, the panel’s fiery Democratic chair, quizzed Zuckerberg on Facebook’s steps to combat misinformation and voter suppression ahead of the November 2020 US presidential election. She also suggested policymakers should consider breaking up Facebook.
Republican and Democratic lawmakers alike blasted Facebook for failing to crack down on online child exploitation and political misinformation, and for data privacy lapses. Several said they did not trust Facebook to help provide financial services to its 2.4 billion users given the past scandals.
Zuckerberg said Facebook would insist on US regulatory approval before launching Libra, which is being established by a Switzerland-based consortium including venture capital firms and non-profits. He said Facebook would even leave the Libra Association if other companies sought to launch the currency without that sign-off.
Libra has faltered in recent weeks amid sustained criticism from lawmakers and regulators globally over fears it may aid money laundering and upend the global financial system. Several financial partners including Mastercard, Visa, PayPal and eBay have abandoned the project.
Via France 24


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The financial app that allows you to check your credit score in real time is now available in Canada.
Pinnacle Financial says it’s available in Ontario and Manitoba, and it’s also available in Quebec, Manitoba and the Northwest Territories.
Pinnacle Financial, the online financial app launched in 2013, has now made its way to Canadian banks.
The app was developed by a team at the University of Waterloo, and Pinnacle has received a $1 million grant from the Canadian Innovation Fund.
Penguin says that in 2017, the company’s users made up over a billion credit card transactions and $1.5 billion in monthly payments.
The company says it wants to make it easier for people to take advantage of the apps features, and to create a more diverse and inclusive economy.
Pascal Haines, vice president of the Pinnacle financial product at Pinnacle, told CBC News the app will let you see the credit score of anyone who logs in, and also lets you view their credit history.
Haines says users can use the app to check their credit score and credit scores of other users, but it also can help people with high credit scores check their own credit.
Hains says the Ponderosa app lets you check your score in less than a minute, and there’s no need to fill out any other forms.
Hire your own credit scoreHainess says Ponderos credit score is determined by two factors: your income and the number of credit cards you have.
For example, if you’re earning $100,000 a year, you’ll likely have more than one credit card.
If you’re making $50,000 to $75,000 per year, your credit is more likely to be in the lower range.
Hays says if you have one credit and two cards, the higher the score, the lower the likelihood of your credit being impacted.
Hayes says there are many factors that contribute to a person’s credit score, but one of the most important is the amount of credit they have, and the amount they have to pay down.
If you have a lot of credit, then your credit scores are likely to go up.
Haying says if a person has a high credit score because they have a few credit cards, that could be a contributing factor to their low credit score.
Hai explains how to get started with the Pinderosa app, which can be downloaded from the Apple App Store or Google Play Store.
Once you have the app installed, you can log in and check your scores with a single click.
Hainess tells CBC News users will have to go through a couple of different steps, and they will be prompted to enter their credit card information.
You can use Pinderos credit report to see what cards your credit cards are loaded on.
PinderoS credit report will give you the following data:Credit card information, account balances, and a snapshot of how much you have in each card.
Credit card balances can also show the interest rates on your credit card accounts, and your monthly payments can be viewed in a detailed breakdown.
Ponderos will not show you what your credit history looks like, so you won’t be able to see whether you’ve had any defaults, credit card issues or any other major issues.
Hayne says the app uses data collected from the apps credit history, and is only used for checking your credit.
Hays says PinderOS will not send your credit report or other information, including information from your credit reporting agencies.
Hayers says Pindos credit reports will not have any information about you.
Pinderos does not require any other personal information to access your information.
PindoS credit reports do not have the ability to access the information about a credit card account.
Haining says PINDOS is not linked to your identity or financial history, so it’s not necessary to provide any personal information, and users can access their information without a credit or debit card.


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Kitsap's retailers relying on the holidays to boost sales battered by the pandemic
A series of signs in the front windows of Suzanne Droppert’s Bremerton bookstore put a fine point on her feelings this holiday shopping season.
“Buy books from people who want to sell books, not colonize the Moon,” one sign says, a less than opaque poke at Jeff Bezos and Amazon.
"Don't let indie bookstores become a work of fiction," another says.
The posters hang at Ballast Book Company, part of #BoxedOut, an independent bookstore campaign encouraging local shopping. Will “shop local” be just a trendy social media hashtag or a nice sentiment over the next few weeks, when COVID-19 might provide yet another reason to turn to the convenience of an Amazon delivery? Droppert and other small retailers are hoping for a boost this holiday season.
“Just shop local,” she said. “That big ‘A’ company does not need anybody’s money. Jeff Bezos does not need anybody’s money.”
In a normal year, the holiday shopping season represents an important time for retailers, when they pull in a significant chunk of their revenue for the year. In 2020, with weeks of closed doors earlier in the pandemic and down numbers, a weak holiday season or one that trends more toward big box stores or websites would be yet another blow to smaller Main Street retailers and could be the final setback for those on the verge of closure.
“We need a good season,” Droppert said.
“I don’t think any independent, small retail store would say this is not a desperate time for everyone.”
'I’m just taking it one day at a time'
Samantha Smith, owner of Port Orchard’s Josephine’s Mercantile, said the next few weeks would be “critical” to ensuring her vintage shop would be able to stay open into the new year. Another complete closure would leave her business dead in the water, she said.
“This last year we were able to survive past March because we had a strong holiday season,” she said. “For most small businesses like myself, Christmas is really what gets you through the first three months out of the year.”
She and other retailers have been forced to find new ways to draw customers in to spend their dollars. Smith’s shop launched an online store, and she’s has started doing Facebook Live tours throughout the business.
On Bainbridge Island, Elisabeth Dahl’s Calico Toy Shoppe launched a shoppable website and now offers after-hours personal shopping appointments and “knock and shop” interactions where customers can stay outside and look at a product from the sidewalk.
Down sales numbers, a missed Easter season and supply chain difficulties have made it a challenging year, but she’s been thankful to note an uptick in customers focused on keeping their dollars local. Still, Dahl is eying the next few weeks with a little trepidation.
“This is when we have the bulk of our sales, we probably do a good 25, 30% of our sales in December,” she said. “I’m worried this year we won’t have that.”
“I’m just taking it one day at a time,” she said. “It’s all I can do.”
Kristin Klassert, who owns Nordiska, a Nordic-inspired housewares and gift shop in Poulsbo, said she isn’t optimistic about hitting record sales levels. She’s keeping her expectations low while staying hopeful about the next few weeks.
“When you spend $25 in a store like mine,” she said, “I’m like, ‘$25!’ Nobody cares one iota at Amazon if you spend $1,000. Nobody sees it, nobody cares, but if you spend anything at a small store, we notice every single penny.”
With many spending more time at home and in need of entertainment, business has been good for Brad Donaldson, owner of the Silverdale gaming shop Big Red’s Retro Games. He expects that trend to continue through the holiday season.
"A lot of people like to give video games for presents, especially collectors," he said. "In the past, this is our prime time of the year for sales. Usually they're 20, 25% higher at least during the Christmas season, and I expect that with the new lockdown requirements and just generally the holiday season, I expect sales will be good."
Big-box Black Friday
Meanwhile, big-box retailers have forged ahead with tweaks to their holiday seasons, offering sales spread out through the month of November to avoid the kind of crowds traditional to Black Friday. Many retailers will close their doors on Thanksgiving and re-open on Friday for shopping. Will customers show up?
According to a survey of 1,000 consumers by Suzy, a real-time market research platform, 36% of Americans said they plan to shop in-person on Black Friday. The survey found online shopping is expected to be more popular, with 59% of those surveyed planning to shop online on Black Friday vs. in-store visits.
"Our research shows that Black Friday shopping will continue to be a tradition for U.S. consumers even in spite of the pandemic," Avi Savar, Suzy president, said in a statement to USA TODAY.
In holiday guidance issued ahead of Thanksgiving, the Centers for Disease Control and Prevention labeled shopping in a crowded store around the holiday a “higher risk” activity and urged Americans to shop online instead.
USA Today reporting contributed to this story.
Nathan Pilling is a reporter covering Bainbridge Island, North Kitsap and Washington State Ferries for the Kitsap Sun. He can be reached at 360-792-5242, firstname.lastname@example.org or on Twitter at @KSNatePilling.


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BOSTON (CBS) — The financial system parking storage at Logan Airport is blocked off, causing a parking crunch, and Massport says there’s nonetheless no timetable for reopening it.
As a substitute, the company will minimize the every day price for the central storage. For those who reserve an area on-line, you’ll pay $25 per day, down from $39.
Additionally, Logan Categorical tickets on-line will price $9 every approach as an alternative of $12.
Massport hopes these lowered costs will minimize down on visitors on the airport, particularly at pick-up and drop-off.
The brand new charges take impact on July 1.


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The global textile and apparel industry was only just reaching pre-2020 levels of business and revenue, expecting robust turnaround in 2022, even as economies around the world are still combating against the coronavirus.
Now there is apprehension that the Russia-Ukraine conflict could delay the revival of the industry which is amongst the largest employers. According to India’s Union Finance Minister Nirmala Sitharaman, “India’s development is going to be challenged by the newer challenges emanating in the world. Hopefully, some kind of restoration of peace at the earliest will happen, based on which, recoveries can be sustainable. Economic recovery not just in India but across the world will be severely hampered.”
While India’s textile and apparel trade with Russia and Ukraine is miniscule, there will be further inflationary pressures on the textile industry, hampering overall T&C trade.
Average crude oil prices in 2021 were at US$ 71.4 a barrel. And in the first two months of 2022 alone, average prices are 24.44% higher than in 2021. Notwithstanding the underlying global oil politics, oil and energy prices are expected to rise further, especially after the conflict. In turn, this will raise production costs, and prices of polyester. Average polyester prices in 2022 are 7.5% higher than in 2021. Average cotton prices in 2022 are 28.22% higher than in 2021.
While some producers had switched to polyester from cotton in the wake of relentless rise in cotton prices, how far this will be sustainable now is to be seen. The current situation does not seem to warrant any significant let-up in raw material and input costs. There were early signs of shipping container congestion easing up, and freight costs moving towards some stability. This situation may again become volatile.
US and Europe are planning economic sanctions on Russia, and vice versa. While these sanctions may or may not be effective, given Russia’s long history of dealing with economic sanctions, there will be fallout on prices and supply chains.
Economic slowdown in Europe amid high inflation would result in lower consumer spending, especially on textiles and fashion. In mid-February, the UK reported a drop in consumer confidence to its lowest level in more than a year, due to broadening price pressures. The situation may worsen after the conflict, if reasonable peace is not attained soon. Similar trend can be expected in other West European countries too, which are important apparel consumer markets. Many EU countries depend on wheat and energy products from Russia and Ukraine, increased prices of these commodities will influence the overall markets and consumer confidence. Unless of course, other countries step in as food and energy suppliers to Europe. Either way, escaping inflation looks to be a difficult task.
While some exporters have stated that a weaker rupee would aid exports, it may not be as simple as that, given the underlying economic factors.


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Molly-Mae Hague is looking incredible after embarking on a new healthy eating plan.
The social media influencer, 21, told fans in a previous YouTube vlog that she was going to stick to her new routine throughout England's third lockdown in a bid to 'feel better' about herself.
In recent days, the former Love Island star proudly showed off the results during a campaign for clothing brand Oh Polly, as she posed in skimpy dresses and crop tops to flaunt her enviable physique.
The reality star looked ultra confident in the edit, as she shared plenty of snaps on her Instagram profile for all to see.
Molly was seen modelling several different pieces, with her signature blonde hair styled in loose waves, topping off her look with chunky earrings.
Yesterday, the TV star revealed she was flogging some of her old size six clothes.
While decluttering her dressing room during a video on her YouTube channel, she told fans: "To be honest I don't think I can even fit my baby toe into these anymore, they are like a size 6. They will never fit me anymore."
Molly-Mae was selling piles of clothes on Depop for her eager followers to get their hands on.
The blonde beauty also voiced her concerns that someone in the PR biz has circulated her home address.
Speaking to her subscribers, Molly-Mae wondered how so many firms know the exact address where she and boxer boyfriend Tommy Fury live.
Molly told that while she's grateful for the freebies, it's raised security concerns for her and Tommy.
Speaking from her bed, she said: "I have to pay a lot of money a month for extremely high security for the apartment.
"I had a few incidents, I just don't really feel safe anywhere anymore. I didn't feel safe in our last apartment, I don't feel safe anywhere any more.
"I have no understanding of how, but the amount of PR packages I receive every single day from people, from all over the UK, that know my address.
"One brand got hold of my address and have sent it round, that is what I feel like has happened."
She added: "As much as I appreciate PR parcels and I know people want to get their businesses out there. It is really hard."
And when Tommy is not home - who no burglar would want to tangle with - Molly has a security car not far from their front door.
"When Tommy is here it's one thing but when I am here by myself I just want that reassurance that I am 100 percent safe," she shared.
And not wanting to come across as ungrateful, Molly explained: "I'm sure you wouldn't like it if people knew where you guys lived and I never want to sound like I am complaining, it's just one of those situations that are hard to explain."


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Of course, it makes sense that Amazon would extend its service to third-party merchants working on its ecommerce platform, but the report goes further, saying Amazon would eventually like to offer shipping services to basically any other business, too - with the goal of undercutting both UPS and FedEx on rates.
Amazon is weeks away from entering the shipping industry, according to a report Friday by the Wall Street Journal, which cited "people familiar with the matter".
As it turns out, Amazon is gearing up to launch a new shipping and delivery service in an attempt to better control the deliveries of products purchased on its website.
Contacted by French Press Agency (AFP), Amazon did not directly comment on the report but said, "We're always innovating and experimenting on behalf of customers and the businesses that sell and grow on Amazon to create faster lower-cost delivery choices".
Amazon may be a one stop shop for home goods, electronics, furniture, clothing and more, but in order to actually get items to your home, the e-commerce giant has to depend on delivery services like FedEx and UPS. Others have concurred: "We believe it is likely Amazon will make a concerted effort to take over ever larger portions of its supply chain", RBC Capital Markets analyst Mark Mahoney said past year. Wellington Mgmt Grp Ltd Liability Partnership holds 0.2% of its portfolio in FedEx Corporation (NYSE:FDX) for 3.84M shares. Amazon has been pushing more aggressively into delivery for a while.
Walmart announced in November 2017 that it acquired Parcel, a same-day delivery startup, in an apparent attempt to keep pace with Amazon's growing infrastructural power while vamping up its own services. Entities from Netflix and the U.S. Central Intelligence Service now employ those services.
"The danger for the traditional delivery firms is twofold". For many years, the company has been building out its delivery infrastructure, expanding into ocean freight, leasing its own cargo planes, working on ways to deliver packages directly inside your house with Amazon Key, and even bringing drone delivery initiative to the table.
The service would initially be developed in Los Angeles (United States), although it is expected to "expand gradually to or cities" this same year, as reported by WSJ.
An earlier report on Amazon's plan "demonstrates a lack of basic understanding of the full scale of the global transportation industry", FedEx spokesman Patrick Fitzgerald said. First, they are likely to lose business from Amazon itself. The company swallowed up Whole Foods recently and have begun offering food delivery in select locations.


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Jack Ma-led Alibaba, recognised more widely for its e-commerce prowess, has launched nine global cloud products aimed particularly at the retail sector in the Asia-Pacific – of which India forms a significant part.
The products aim to meet the needs of retailers looking to digitise their operations and adopt an omnichannel approach that integrates the different methods of shopping available to consumers, for example, online, in a physical shop, or by phone.
The solutions, based on artificial intelligence (AI), machine learning and Internet of Things (IoT), are marketed as key differentiators against Alibaba’s cloud rivals Amazon, Google and Microsoft.
“Some of the products are the first of their kind in the industry,” said Derek Wang, chief solution architect, Alibaba Cloud International.
“These products all have specific features that meet an identified need within the flourishing retail market in the Asia-Pacific. E-commerce is witnessing considerable growth and Alibaba Cloud can offer a mature ecosystem to support the regional retail sector," Wang said.
Wang said that these products will help merchants deploy their resources more effectively, and gain deeper consumer insights. "The technology available can also give our consumers better protection against fraud and an improved shopping experience,” Wang added.
The company also launched the Asean (Association of Southeast Asian Nations) Partner Alliance Programme to accelerate digital transformation.
The programme aims to recruit 150 solution partners and train 600 sales and technology personnel in the next 12 months, the company said.
It also said that it had invested significant resources in the global market, especially Asia-Pacific, to support the region’s digital transformation, offering a larger range of solutions to local businesses and small and medium enterprises. Last month, the company launched the second Availability Zone and the first cloud-based Anti-DDoS Scrubbing Center in Malaysia, providing customers with new levels of protection against DDoS (distributed denial of service) attacks.
New cloud solutions
Among the new cloud solutions, the company said it was launching Smart Access Gateway that supports a multiple location enterprise network. Other solutions include the Apsara Stack, a hybrid cloud solution for the Asia-Pacific, delivered in collaboration with Hewlett Packard Enterprise, and Elasticsearch, which is an open-source tool developed by Elastic and available on Alibaba Cloud.
Smart Access Gateway is a software-defined wide-area network that helps enterprise customers, especially rapid developing businesses, to build low-cost network with free maintenance across regions.
In addition to these solutions, the company said that it had other products such as Hybrid Backup Recovery, Dedicated Host, Anti-Bot Service, Data Lake Analytics, PAI and IoT platform solutions.
While Hybrid Backup Recovery is an online backup service to protect critical business data, Dedicated Host is for customers who require dedicated hosting service either due to regulatory requirements or a higher demand for host stability, for example, gaming companies.
The Anti-Bot Service is a protection for online business against scalpers, crawlers, auto-refresh spam and hacking of user information, the company said.
It added it had launched another service called Data Lake Analytics, which is a server-less interactive query service hosted on the Alibaba Cloud platform and is powered by Massive Parallel Processing architecture. "It turns their cloud storage data into insights in Data Lake scenario," the company said.
The new cloud solutions include PAI, which the company claims to be China's first publicly available machine-learning platform. It offers a suite of tools and AI software algorithms that allow businesses without an AI background to make practical use of Alibaba Cloud’s AI programme.


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SYDNEY/BENGALURU (Reuters) - Australia’s Treasury Wine Estates (TWE.AX) posted a record annual profit due to robust demand for its premium wines in China, adding that its strategy to geographically diversify was helping it cope with the U.S.-China trade war.
The results vindicate the stance of the world’s biggest standalone winemaker that a presence around the globe will help it keep growing profit even as China, its biggest market, and the United States, where it owns production facilities, are engaged in a deepening trade dispute.
“We are not reliant on any individual or any region,” CEO Michael Clarke said on a call with analysts on Thursday. “Our results reflect that.”
The owner of the Penfolds and Wolf Blass labels had bought production and vineyard assets in France’s Bordeaux region, which would spread its geographic footprint and grow its higher margin upmarket offerings, added the company.
Shipping its products to China from France would reduce the risk to Treasury if Beijing put curbs on imports from the United States.
Overall net profit for the year to end-June rose 16.4% to A$419.5 million ($284.34 million), largely because of a 43% jump in pre-tax profit in Asia. The company sells wine from North America to South America to Europe but makes nearly half its profit in Asia.
Treasury’s Asia sales, which include sales in China, rose 36.8%.
Australia’s wine exports to China, the nation’s top market by value, rose 18% to A$1.14 billion ($818 million) in 2018, data from Wine Australia showed, although the pace of growth was the slowest in four years as trade tensions dragged on consumer spending.
The company also repeated guidance that it expected to grow pre-tax profit between 15% and 20% in the next financial year.
Shares of Treasury rose as much as 4.3%, while the broader market was down more than 2% because of fears of a global recession as a result of the Sino-U.S. tensions.
“The company has shown a very strong cash position, which is pleasing, and we do believe that should calm investors’ fears from previous halves,” said Jun Bei Liu, a portfolio manager at Tribeca Investment Partners, which owns Treasury shares, referring to the company’s cashflow which rose by a third.
Some analysts have interpreted previous fluctuations in the company’s cashflow as signs it could be exaggerating sales, which the company has repeatedly denied.
A week earlier, an independent Hong Kong research house said the company may have inflated pre-tax profit by 50% in the previous two years, prompting Treasury to complain to regulators.
Asked about the allegations on Thursday, CEO Clarke denied them and said that “some investors and analysts from gold-plated organizations seem to want to recycle the garbage that gets repeated.”
Treasury declared a final dividend of 20 cents per share, higher than the 17 cents per share declared a year ago.
($1 = 1.4754 Australian dollars)
Reporting by Byron Kaye in Sydney and Aby Jose Koilparambil and Shreya Mariam Job in Bengaluru; Editing by Maju Samuel, Rashmi Aich and Muralikumar Anantharaman