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Tropical forests may be less sensitive to global warming than previously thought, argues a new study published in Nature Geoscience.
The research is based on computer simulations using 22 climate models for tropical forests in Africa, Asia, and the Americas. It projects loss of forest biomass as a result of climate change only in the Americas.
However the study is far from conclusive, with the authors listing several uncertainties about how tropical forests will respond to climate change.
“The big surprise in our analysis is that uncertainties in ecological models of the rainforest are significantly larger than uncertainties from differences in climate projections,” said lead author Chris Huntingford of the Centre for Ecology & Hydrology in the UK. “Despite this we conclude that based on current knowledge of expected climate change and ecological response, there is evidence of forest resilience for the Americas (Amazonia and Central America), Africa and Asia.”
In other words, the modeling suggests that forests may be less sensitive to die-off from climate change alone. Earlier projections using one of the same climate models — the HadCM3 developed by the UK Met Office’s Hadley Centre — forecast massive die-off in the Amazon by 2011, potentially tipping much of the world’s largest rainforest toward a drier, savanna-like ecosystem.
However forests are not out of the woods yet. Importantly, the study ignored the impacts of deforestation, forest degradation from logging, and fire on the resilience of tropical forests. Other research — including observations in Borneo and the Amazon — indicates these can exacerbate the effects of drier and warmer conditions.
The authors therefore note the importance of incorporating these factors into projecting the future of tropical forests.
“This study highlights why we must improve our understanding of how tropical forests respond to increasing temperature and drought. Different vegetation models currently simulate remarkable variability in forest sensitivity to climate change,” said David Galbraith from the University of Leeds. “And while these new results suggest that tropical forests may be quite resilient to warming, it is important also to remember that other factors not included in this study, such as fire and deforestation, will also affect the carbon stored in tropical forests. Their impacts are also difficult to simulate. It is therefore critical that modeling studies are accompanied by further comprehensive forest observations.”
Rainforest in Borneo. Photo by Rhett A. Butler
The paper comes a month after the publication of a Nature study that indicated faster plant growth due to higher concentrations of carbon dioxide may offset increased emissions from forest die-off in the tropics. The study also did not account for the effects of deforestation and forest degradation, nor methane emissions.
Other recent research has suggested a less optimistic view for tropical forests. Another Nature study, published last November, warned that trees worldwide are more vulnerable to drought-stress than previously thought, while advanced laser and chemical imaging in the Amazon — detailed last December — produced evidence of large-scale tree die-off in a remote part of the Amazon due to climate-driven drought conditions. The long-term implications of those findings remains unclear — the dead forest areas could rebound.
CITATION: Chris Huntingford at al (2013). ‘Simulated resilience of tropical rainforests to CO2-induced climate change‘. Nature Geoscience doi:10.1038/ngeo1741
(02/08/2013) Faster plant growth due to higher concentrations of carbon dioxide may offset increased emissions from forest die-off in the tropics, claims a new study based on climate modeling.
(12/24/2012) The impact of a major drought in the Amazon rainforest in 2005 persisted far longer than previously believed, raising questions about the world’s largest tropical forest to cope with the expected impacts of climate change, reports a new study published in the journal Proceedings of the National Academy of Sciences.
(12/12/2012) Severe drought conditions in 2010 appear to have substantially increased tree mortality in the Western Amazon, a region thought largely immune from the worst effects of changes occurring in other parts of the world’s largest rainforest, reported research presented last week at the fall meeting of the American Geophysical Union (AGU). The findings suggest that the Amazon may face higher-the-expected vulnerability to climate change, potentially undercutting its ability to help mitigate greenhouse gas emissions by absorbing carbon dioxide through faster growth.
(11/23/2012) Forests worldwide are at ‘equally high risk’ to die-off from drought conditions, warns a new study published this week in the journal Nature. The study, conducted by an international team of scientists, assessed the specific physiological effects of drought on 226 tree species at 81 sites in different biomes around the world. It found that 70 percent of the species sampled are particularly vulnerable to reduction in water availability. With drought conditions increasing around the globe due to climate change and deforestation, the research suggests large swathes of the world’s forests — and the services they afford — may be approaching a tipping point.
(01/19/2012) The combination of deforestation, forest degradation, and the effects of climate change are weakening the resilience of the Amazon rainforest ecosystem, potentially leading to loss of carbon storage and changes in rainfall patterns and river discharge, finds a comprehensive review published in the journal Nature.
(10/09/2011) The 2010 drought that affected much of the Amazon rainforest triggered the release of nearly 500 million tons of carbon (1.8 billion tons of carbon dioxide) into the atmosphere, or more than the total emissions from deforestation in the region over the period, estimates a new study published in the journal Environmental Research Letters.
(05/20/2011) Deforestation and climate change will likely decimate much of the Amazon rainforest, says a new study by Brazil’s National Institute for Space Research (INPE) and the UK’s Met Office Hadley Centre. Climate change and widespread deforestation is expected to cause warmer and drier conditions overall, reducing the resistance of the rainforest ecosystem to natural and human-caused stressors while increasing the frequency of extreme rainfall events and droughts by the end of this century. While climate models show that higher temperatures resulting from global climate change will threaten the resilience of the Amazon, current deforestation is an immediate concern to the rainforest ecosystem and is likely driving regional changes in climate.
(03/29/2011) A new study on its way to being published shows that the Amazon rainforest suffered greatly from last year’s drought. Employing satellite data and supercomputing technology, researchers have found that the Amazon was likely hit harder by last year’s drought than a recent severe drought from 2005. The droughts have supported predictions by the Intergovernmental Panel on Climate Change’s (IPCC) that climate change, among other impacts, could push portions of the Amazon to grasslands, devastating the world’s greatest rainforest. “The greenness levels of Amazonian vegetation—a measure of its health—decreased dramatically over an area more than three and one-half times the size of Texas and did not recover to normal levels, even after the drought ended in late October 2010,” explains the study’s lead author Liang Xu of Boston University.
(02/03/2011) In 2005 the Amazon rainforest underwent a massive drought that was labeled a one-in-100 year event. The subsequent die-off of trees from the drought released 5 billion tons of CO2. Just five years later another major drought struck. The 2010 drought, which desiccated entire rivers, may have been even worse according to a new study in Science, adding on-the-ground evidence to fears that climate change may inevitably transform the world’s greatest rainforest.
(03/05/2009) Drought in the Amazon is imperiling the rainforest ecosystem and global climate, reports new research published in Science. Analyzing the impact of the severe Amazon drought of 2005, a team of 68 researchers across 13 countries found evidence that rainfall-starved tropical forests lose massive amounts of carbon due to reduced plant growth and dying trees. The 2005 drought — triggered by warming in the tropical North Atlantic rather than el Niño — resulted in a net flux of 5 billion tons of carbon dioxide (CO2) into the atmosphere — more than the combined annual emissions of Japan and Europe — relative to normal years when the Amazon is a net sink for 2 billion tons of CO2.
(02/27/2008) More than half the Amazon rainforest will be damaged or destroyed within 20 years if deforestation, forest fires, and climate trends continue apace, warns a study published in Philosophical Transactions of the Royal Society B. Reviewing recent trends in economic, ecological and climatic processes in Amazonia, Daniel Nepstad and colleagues forecast that 55 percent of Amazon forests will be “cleared, logged, damaged by drought, or burned” in the next 20 years. The damage will release 15-26 billion tons of carbon into the atmosphere, adding to a feedback cycle that will worsen both warming and forest degradation in the region. While the projections are bleak, the authors are hopeful that emerging trends could reduce the likelihood of a near-term die-back. These include the growing concern in commodity markets on the environmental performance of ranchers and farmers; greater investment in fire control mechanisms among owners of fire-sensitive investments; emergence of a carbon market for forest-based offsets; and the establishment of protected areas in regions where development is fast-expanding.
(02/27/2008) Anthropogenic emissions of greenhouse gases have already caused the Amazon to dry, finds a new study published in Philosophical Transactions of the Royal Society B.
(02/27/2008) Small fires have a big impact in the Amazon rainforest, report researchers writing in Philosophical Transactions of the Royal Society B. The findings suggest a dire future for Earth’s largest rainforest.
(02/25/2008) Climate models increasingly forecast a dire future for the Amazon rainforest. These projections are partly based on recent research that has linked drought in the Amazon to sea surface temperatures in the tropical Atlantic. As the tropical Atlantic warms, the southern Amazon — the agricultural heartland of Brazil — may see higher temperatures and less rainfall.
(02/21/2008) A new study shows that large-scale degradation of the Amazon, either through drying or continued deforestation, would have global consequence, including worsening climate change, causing regional vegetation shifts, and increasing dust in the atmosphere.
(02/20/2008) One of the worst droughts on record in the Amazon was caused by high temperatures in the Atlantic rather than el Nino. The research, published in Philosophical Transactions of the Royal Society B, suggests that human-driven warming is already affecting the climate of Earth’s largest rainforest.


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ISEAL is delighted to announce that the U.S. Cotton Trust Protocol, the Hydropower Sustainability Council and CottonConnect have met the requirements of ISEAL Community Membership.
ISEAL members are sustainability systems and accreditation bodies dedicated to delivering benefits for people and planet. They are committed to continually improving their systems and impacts through learning and innovation; collaborating with stakeholders and peers; and are transparent and truthful about how their systems work and how they measure their impacts.
In becoming ISEAL Community Members, these organisations join a growing number of well-respected sustainability systems that are driving positive social and environmental change across multiple sectors. They will be working alongside these mission-driven sustainability organisations to continuously improve the effectiveness of their systems and demonstrate impact.
ISEAL encourages any organisation developing or operating a sustainability system with a multi-stakeholder approach and a commitment to credible practices to consider joining ISEAL.
Find out more on our membership page.
About the U.S. Cotton Trust Protocol
Launched in 2020, the U.S. Cotton Trust Protocol was designed to set a new standard in more sustainably grown cotton, ensuring that it contributes to the protection and preservation of the planet, using the most sustainable and responsible techniques. It is the only farm level, science-based program that provides quantifiable, verifiable goals and measurement in six key sustainability metrics as well as article-level supply chain transparency.
The Trust Protocol is overseen by a multi-stakeholder Board of Directors comprised of representatives from brands and retailers, civil society and independent sustainability experts as well as the cotton-growing industry, including growers, ginners, merchants, wholesalers and cooperatives, mills and cottonseed handlers.
About the Hydropower Sustainability Council
Hydropower has a key role to play in sustainable development and significant potential to contribute to climate change mitigation and adaptation. However, it is vital that it is developed in an environmentally and socially sustainable manner. The Hydropower Sustainability Council is the multistakeholder governing body of the Hydropower Sustainability Standard and Tools. Comprised of members from civil society and NGOs, governments, financial institutions and industry, the inclusive nature of the Council ensures that all stakeholder voices are heard in shaping the future of hydropower sustainability.
CottonConnect is a pioneering social enterprise that is reimagining the future for supply chains. With headquarters in London and on-the-ground teams around the world, we help to improve the sustainability of global textile supply chains, thereby enabling producers and raw material farmers to work more responsibly and enjoy better livelihoods. Our work helps brands to access more sustainable cotton and other natural fibres, creating a more transparent and resilient supply chain that will continue to deliver the best cotton, now and in the future. At CottonConnect, we believe in helping brands, suppliers and farmers develop and maintain partnerships that are truly transformational.

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“This is one of those things that you didn't know you needed until you got one."
A McDonald’s employee named Drew took to TikTok to reveal just how nasty the fryer situation is.
Megan Garcia, 32, recalled the moment she tackled her arachnophobia after realising 'a wolf spider' had taken her child for its own.
A woman walked away from a salon with her eyes swollen shut after a standard eyelash extension procedure went horribly wrong.
A woman in Sydney, Australia was left with permanent damage after failing to remove her mascara on a nightly basis.
[All Images: Getty]Think of the dirtiest place in your home – your toilet probably comes to mind. However, you’d be better off eating off it than your chopping board or a plate scrubbed with your kitchen sponge.We’ve identified nine places in your home that probably have more bacteria than the loo. Get cleaning!Let us know your thoughts by tweeting us @YahooStyleCA.
There’s always been something classy about figs; you can find them in daiquiris, scented soaps, and they always taste better on holiday. (Fine - fig rolls aren’t so classy, but you get the picture.)
Dr Erich Voigt has revealed that by poking around your nose you could be introducing some particularly nasty germs to your body. Dr Voigt told Business Insider: “The blood supply to the nose is very vigorous - there are five arteries that lead to the front of the nose (kiesselbach’s plexus).
Because it turns out there is no such thing as a truly waterproof diaper, according to Nicholas Ashbolt, a professor with the School of Public Health at the University of Alberta. The swim diapers and pants only delay leaking for a few minutes, because while they may “hold some solid feces, they are not leak proof,” according to the CDC website. Adults are not likely to intentionally defecate in a public pool, but some are unintentionally adding their fecal matter to the pool.
Hot dogs — both vegetarian and meat-based — were found to contain a lot more than you bargained for in a new report by a food watchdog group. Check the brand you’re buying: A new report found that 10 percent of the vegetarian hot dogs tested contained meat, including chicken in a vegetarian breakfast sausage and pork in a vegetarian hot dog. But that’s not all. Clear Food, a company that genetically tests food products, looked at 345 hot dog samples from 75 brands, including meat-based and meat-free franks. Of those 345 hot dogs, 14.4 percent had some sort of issue, be it a labeling inaccuracy or hygiene problem. Related: Recipes That Prove Vegetarians Get Enough Protein Some dogs were labeled pork-free — important for certain religions — but were found to contain pork after all.


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Microsoft's profit dropped and its revenue was almost flat in its third fiscal quarter, during which the company replaced Steve Ballmer with Satya Nadella as CEO.
Driven by growth in mobile and Fios broadband customers, Verizon Communications on Thursday reported first quarter 2014 revenue of $30.8 billion, up from $29.4 billion a year earlier.
Apple CEO Tim Cook thinks Microsoft could have benefitted from bringing the Office suite to iPads earlier, but it was better late than never.
Apple's iPad shipments declined, but iPhone sales were strong as the company reported a hike in profit and revenue during the second quarter of 2014.
Facebook reported a nice 72 percent boost in sales for the first quarter, as the company continues to make strides expanding its advertising business on mobile devices.
Installment plans for cellphones are starting to squeeze out the time-honored practice of paying a subsidized price up front, AT&T says.
Gains from its broadband and wireless businesses have fueled AT&T's best revenue growth in more than two years.
Advanced Micro Devices' bottom line changed from black to red on Thursday when the company posted a loss after two straight quarters of profits.
Taiwan Semiconductor Manufacturing Co. said its net profit in the first quarter increased by 21 percent year-over-year on better than expected demand for smartphone chips.
SAP reported a strong growth in cloud revenue and fast adoption of its HANA platform in the first quarter, while its software revenue dipped from the same quarter in the previous year.
Falling hardware sales and the cost of layoffs hit IBM's profit hard in the first quarter, sending it down 21 percent from a year earlier.
Google reported a 19 per cent increase in revenue for the first quarter, but results from its advertising business were mixed.
India's largest outsourcer, Tata Consultancy Services, is boosting hiring and offering wage hikes after reporting strong revenue and profit growth in its recently concluded fiscal year.
Intel shipped 5 million processors for tablets in the first quarter, but profits fell as PC sales remained weak.
In an indication that CEO Marissa Mayer is not yet seeing dramatic results from her efforts to turn the company around, Yahoo's sales dipped slightly in its first quarter, amid some gains in its search advertising business.
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Who Is The Richest Man In United States Of America – Two crossed lines forming an “X”. Indicates how to close the interaction or remove the notification.
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Who Is The Richest Man In United States Of America
The five richest people in the US have a net worth of $435.4 billion. That’s over 2% of US GDP.
Elon Musk Is Now The Richest Person In The World, Passing Jeff Bezos
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Jeff Bezos, Bill Gates and Warren Buffett are the three richest people in the United States. AP Images, AP Images, Reuters
According to the 2019 Forbes 400 Ranking of the richest Americans, the five richest people in the US have a combined net worth of $435.4 billion. And all but one have made their fortunes in the tech industry.
At the top of the list is Amazon CEO Jeff Bezos with a net worth of $114 billion, followed by Microsoft co-founder Bill Gates ($106 billion), Berkshire Hathaway investor and CEO Warren Buffett ($80.8 billion), Facebook CEO Mark Zuckerberg ( $69.6 billion). and Oracle. co-founder Larry Ellison, according to the Forbes ranking ($ 65 billion).
France’s Bernard Arnault Becomes The World’s Richest Person
Their combined wealth accounts for more than 2% of the US GDP, which in the second quarter of 2019 amounted to USD 21.34 trillion. (Exactly 2% of $21.34 trillion is $426.8 billion).
According to an analysis by Business Insider, for a billionaire, buying a holiday in Bali is equivalent to buying a typical American candy bar. And that’s just based on a net worth of $2 billion, which is the median wealth of a Forbes billionaire.
While these five are the richest people in the United States, the European billionaire eliminated Ellison from the top five richest people in the world. According to the Bloomberg Billionaires Index, French mogul Bernard Arnault, who controls LVMH, has a net worth of $91.9 billion, making him the third richest man in the world behind Bezos and Gates. Forbes estimates his fortune at nearly $91.4 billion, much more than Zuckerberg and Ellison.
Read more: Bernard Arnault finalizes his $219 million pledge to help rebuild Notre-Dame in Paris. How a French billionaire made and spent his $93 billion fortune
Kanye West Isn’t The Richest Black Man In America After All
As previously reported by Business Insider’s Hilary Hofover, the United States is the world’s dominant country for billionaires, with an estimated 705 billionaires. New York, San Francisco and Los Angeles have the most billionaires in the country.
China ranks second with 285 billionaires, but may catch up with the United States. According to a recent PBS report, China is producing billionaires faster than any other country.
Katie is a senior reporter on the Insider Features team. He covers a wide range of topics including the fitness, wellness and entertainment industries. Prior to joining Insider in 2018, Katie interned at NBC-owned television stations, Chronicle in Cape Town, South Africa, and The Local in Paris, France. She earned a master’s degree in international journalism from the CUNY Graduate School of Journalism. Selected Stories:
Now look: Tim Cook has an estimated net worth of $625 million – here’s how he makes and spends his money, according to Forbes magazine.
Wealthiest People In Each State Only Get Richer
As every year, Forbes magazine publishes a list of the richest people in the United States.
For the first time since its 41st edition, Tesla mogul Elon Musk has increased his fortune by $60 billion in the last twelve months to top the list of the richest people in the United States and even the world. According to Forbes, Musk has a short net worth of $251 billion.
Amazon founder Jeff Bezos topped the list last year, just behind Musk. Bezos’s net worth is estimated at approximately $151 billion, placing him second in the country and third in the world.
The third richest man in the US is Microsoft founder Bill Gates, with a net worth of $106 billion. In July, Gates announced he would be donating another $20 billion to philanthropic causes through the Bill and Melinda Gates Foundation, bringing his total lifetime endowment to over $50 billion. He had previously declared his intention to give away most of his wealth during his lifetime.
Here Is The Richest Person In Each U.s. State
Here’s how Forbes breaks down the numbers to define the richest Americans: https://t.co/iohTGP3a03 #Forbes400 pic.twitter.com/Bam4B267NB — Forbes (@Forbes) Sep 28, 2022
One notable name from Top T 2022 is Facebook founder Mark Zuckerberg, who ranked third in the 2021 ranking but dropped off this year’s list. Zuckerbuck lost more than half of his fortune last year.
Zuckerberg has a net worth of $57.7 billion, a large drop from his net worth of $134.5 billion a year earlier. Facebook’s value has plummeted in recent months due to competition from emerging social networking sites such as TikTok. At a conference in Las Vegas, Amazon CEO Jeff Bezos stressed the importance of bringing passion and risk-taking to the company. You have to accept defeat and not always be right. (June 6)
According to Forbes’ latest list of the richest Americans, Amazon CEO Jeff Bezos remains the richest person in America, despite parting with $46 billion last year.
Richest People In The World
On Wednesday, the financial magazine released its 38th annual Forbes 400 list, where Forbes said the billionaires making up its 2019 lineup are worth $2.96 trillion combined. Behind Bezos, whose net worth is $114 billion, is Microsoft founder Bill Gates. Estimated at $106 billion.
“A record 221 American billionaires did not make the list this year, meaning they did not meet the minimum $2.1 billion required to be listed,” Forbes reports. More than half of the people online are self-made billionaires and founders of their companies.
Other notable rankings include Donald Trump who, despite having a net worth of $3.1 billion, ranked 259th in 2018 to 275th this year. Amazon’s CEO gave a quarter of his shares to his ex-wife Mackenzie Bezos, who ranked 15th with a net worth of $36 billion.
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When the COVID-19 pandemic began, the medical industry learned the value of time. While companies rushed to develop and research vaccines and treatments for the disease, they had to find ways to maintain quality, while reducing time to market. It became evident that all of the companies, including contract manufacturing and development organizations (CDMOs) had to search for new ways to develop, produce, manufacture, and distribute medicines, treatments, and vaccines.
Companies like Samsung Biologics engaged in initiatives to develop synchronicity with other biopharmaceutical businesses to assist them in their pursuit of more medical innovation. CDMOs like Samsung Biologics gave researchers and developers the quality manufacturing and distribution they needed..
In the last year alone, Samsung Biologics has introduced several new processes and technologies that have added an incredible amount of value, not only to the company but also to the industry at large. Samsung Biologics has also received a fantastic return on investment from those innovations in the last nine months, as can be seen by their record-breaking third-quarter report, released at the end of October.
The company’s revenue climbed by 64 percent in the third quarter of 2021 compared to the same period the previous year, reaching 450.7 billion won. All three of the operational factories were functioning at about full capacity, which resulted in this income. Furthermore, the operational profit increased by 196 percent over the previous year to reach 167.4 billion won. The net profit climbed by almost half to 131.8 billion won, a significant gain. The rapid turnaround of COVID-19 treatments, as well as higher overall usage, helped to boost the operating margin to 37 percent in the third quarter.
The global CDMO Samsung Biologics has sped up some projects and innovations and introduced others in 2021. The company plans on finishing its fourth plant, the “Super Plant,” earlier in 2023 than originally expected. Once this facility is finished, Samsung Biologics’ production capacity will be increased by 70 percent. It will also offer 2.38 million square feet of floor space and 256,000 liters of capacity that double the company’s overall capacity to 620,000 liters.
CDO labs, quality control (QC) labs, and cold freezer storage will also be available within the facility. In the handling and storage of mRNA vaccines, which must be kept at certain temperatures throughout their manufacturing, these storage alternatives will be quite beneficial.
Furthermore, the company added a new platform to assist its partners. “We are very pleased to showcase our innovative CDO service platform, S-CellerateTM, at BPI 2021,” said John Rim, CEO of Samsung Biologics. “By leveraging this proprietary drug development platform, our teams of experts will jointly provide seamless one-stop services to our clients, offering enhanced solutions that can help reduce both cost and time, catering to their specific needs.”
A drug development service platform introduced at the BioProcess International Conference, S-Cellerate™ helps speed up the process of creating and commercializing monoclonal antibodies. S-Cellerate is used in conjunction with an expedited CDO schedule to an Investigational New Drug (IND) application and a commercialization strategy so that a product may reach the Biologics License Applications stage more quickly (BLA).
Employees know best how their company works. Samsung Biologics employees can speak to their effective operating procedures and practices. Samsung Biologics’ Seahee Kim, Director of Cell Line Development, CDO R&D, noted that the company had been able to maximize time and effort in an interview, saying, “We offer a fully integrated solution to take our clients through the complete drug development lifecycle and into commercial manufacturing.” She also spoke about how well the company had developed its project management, which made projects take significantly less time. “With extensive expertise and streamlined project management, we ensure flexibility and full scalability to enable the drugs to reach the market successfully within an expedited timeline. Our innovative technology and equipment also allow for more efficient screening and optimization, which saves us significant time at each step of the process,” said Kim.
Furthermore, she discussed the company’s efforts to expedite CDMO services for COVID-19 vaccines. She talked about future plans when it came to working with mRNA vaccines: “Our extended manufacturing capability, which includes mRNA DP and soon DS, will enable us to help clients access our expertise and take advantage of our quality operations by sharing the modality-specific insights and critical success factors during the development journey. Given mRNA’s unique cell-free synthetic process, this could significantly save time in development and manufacturing.”
Other recent innovations include the use of digitization to speed up certain processes. The “Live Virtual Tour” technology was introduced as part of the company’s new procedure in January 2020. Virtual tours and inspections were made possible thanks to this new technology, which enabled the firm to give both high-definition video footage as well as dependable internet connections. Inspectors were able to view what they needed to see to approve the procedure while keeping the medication production facilities sanitary.


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Scotland hosts first electric car rally
Sixty electric cars took part in a rally between Stirling and Glasgow over the weekend to celebrate the launch of a new electric vehicle (EV) subsidy.
The sixty-mile round trip, led by Scrapheap Challenge presenter Robert Llewellyn in his Tesla, cost drivers around £1.50, compared to £9 for a petrol-powered journey.
Taking place on Saturday, the convoy set off from George Square in Glasgow, and toured Stirling, before returning to Glasgow.
The rally was hosted to promote the recent launch of a £2.5m electric vehicle loan fund from the Scottish Government. Businesses can now receive interest-free loans up to £100,000 to cover the cost of an EV, with individuals qualifying for loans up to £50,000.
The new Scottish loan can also be used alongside the existing UK Government Plug-In Car and Van Grant scheme, which offers grants of up to £5,000 for those buying a new electric car and £8,000 for a van.
Scotland’s Transport Minister Derek Mackay said: “It is fantastic to see so many enthusiastic participants and such a variety of cars taking part in Scotland’s first ever electric vehicle rally. With no dirty exhaust fumes or revving engines, this must be the quietest and most environmentally considerate rally spectators will see this year.
“This event challenges old perceptions about the range and performance of electric vehicles and may perhaps encourage those in the market for a new car to consider going electric.
“The recent launch of the £2.5million EV loan fund means we’re enabling even more people than ever before to make the switch and buy one – saving money, reducing emissions and making our communities greener, cleaner and healthier.”
The rally was born from the same concept as Formula E – using motorsport to help change perceptions of EVs. These tactics, along with subsidy support, saw UK sales of EVs triple in the first half of 2015, from 4,096 in 2014 to 14,126 in 2015.
Last month, a Government study also found that ultra low emission vehicles (ULEVs) are increasingly being used like ‘normal’ cars. In households which own ULEVs, 82% use the low emission car as their main vehicle, while 20% of people who own electric vehicles use it as their only vehicle.
Electric vehicles are also steadily increasing in range, with Nissan announcing last week that its flagship LEAF model now has a single-charge range of 155 miles.
Since the Plug-In Car and Van Grant scheme was introduced in January 2011, more than 34,000 eligible vehicles have been registered across the UK.
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.


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Experts say fraudsters may have stolen up to $5 billion from Australian businesses, government bodies and individuals between 2007 and 2011.
KPMG national head of forensic Gary Gill said his firm believed the actual cost of fraud was significantly greater than what is reported.
“Many incidences of fraud go undetected or unreported and we estimate that less than 20% of frauds actually go before the courts,” Gill said.
Most frauds (80%) against commercial businesses were committed by employees or managers at an average of $1.8 million apiece, with $45 million the biggest fraud reported.
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Businesses suffered nearly a third of the fraud committed in the second half of 2011 – almost $60 million.
Half of Australian frauds occurred in NSW, with bribery and corruption starting to show up in fraud cases.
KPMG said accounting fraud was the most common variety which “invariably involves insiders, weak controls and a lack of detection processes”.


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New York (CNN Business)Beloved discount store Century 21 is reopening in New York City nearly two years after the pandemic forced it out of business.
The retailer, which sold designer clothing at bargain basement prices, is reopening in spring 2023 at its former location near the World Trade Center in downtown Manhattan. A New York favorite, Century 21 gained international notoriety for its appearances in pop culture, including in the original “Sex and the City” TV series.
“In our 60-year history we have only closed our doors twice, once after the devastation of 9/11 and then again during the Covid-19 pandemic,” said Raymond Gindi, Century 21 co-chief executive officer, in a press release. “But like the true New Yorkers we are, we have persevered.”
The family-run business is partnering with retail management company Legends to reopen the one location, a move that is aimed at boosting Century 21’s online presence and offering a “more streamlined customer shopping experience through in-store upgrades.”
Much like its previous iteration, the reopened location will sell a wide variety of men’s, women’s and children’s designer apparel, as well as footwear, outerwear, handbags, accessories, and fragrances. However, it will be substantially smaller and take up four floors of its former location downtown, three fewer than before.
Century 21 is also tweaking its logo to include “NYC” in it to emphasize its “Big Apple roots.”
Before its closure, Century 21 had 13 stores — mostly in New York City and the surrounding area — and employed more than 1,400 people. It went bust in September 2020, blaming the lack of payment on its business interruption insurance as the cause of its demise.
The Gindi family bought back the intellectual property for $9 million during bankruptcy proceedings in 2020, according to WWD. Shortly after, the family worked to redevelop the 60-year-old brand, telling the fashion trade that vendors were “rooting for us to come back.”
Source: Read Full Article


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The Minecraft skin parade will continue with a host of new characters straight from Marvel, including the Avengers and more.
Minecraft: Xbox 360 Edition
Wrestlemania is a big freaking deal in the world of WWE, so it makes sense Yukes' is devoting an entire game mode to the pay-per-view's history in WWE 2K14.
Mojang and 4J Studios surpassed yet another sales milestone this past week for Minecraft: Xbox 360 Edition.
It's been a troubling few years for game and console sales, but June provided a slight glimmer of hope as sales finally increased after months of diminishing returns.
It's the addictive game everyone wants to own. It's the indie game that's continually shattering all the records. It's amazing people are still turning out in droves to buy more copies of Minecraft Xbox 360 Edition.


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Cantor Fitzgerald reiterated its overweight rating on shares of Aurora Cannabis Inc. on Thursday and raised its stock price target to C$27 ($19) from C$22, after the company announced a long-awaited push into the US cannabis market, via the $40 million all-stock purchase of a cannabidiol maker called Reliva.
Aurora said the acquisition will provide several strategic and financial benefits, including a United States management team that has strong worldwide CPG backgrounds and a leading market position in hemp-derived CBD in the US. "But in a growth industry, we also judge companies based on the platforms they are building for future growth", said the note. The transaction represents the culmination of a multi-month strategic evaluation of the U.S. hemp-derived CBD industry.
"This is instant access to the world's largest CBD market", Michael Singer, Aurora's Executive Chairman and Interim CEO, told CNBC.
"We plan to capitalize on each company's market leadership and sales infrastructure to drive higher revenue growth than either company could independently accomplish".
If Reliva achieves certain financial targets, the transaction includes a potential earn-out of up to a maximum US$45 million payable in Aurora shares, cash or a combination over the next two years.
The transaction represents the culmination of a multi-month strategic evaluation of the USA hemp-derived CBD industry, according to Aurora Cannabis.
The company said the transaction will create a large and diversified pure-play worldwide cannabinoid company. The company said Reliva stood out from other CBD sellers given its focus on regulatory controls, national distribution footprint and "financial discipline".


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"Japan is a necessary step," said BPEX chief executive Mick Sloyan. "The Japanese market can open up other markets in South East Asia. Without it the other markets would be questioning why Japan was not importing British pig meat." Sloyan added that the British pig industry is now seeing stabilisation and growth following the problems of foot and mouth disease and falling prices.
The reopening of trade with Japan has long been in the offing. Two export missions from BPEX and major British exporting companies visited the country in the spring and autumn for a series of face-to-face meetings with officials and potential importers to help speed up the re-opening of the market.
"Our trade with Japan in pork used to be worth £12 million a year, a market well worth recovering," said BPEX chairman Stewart Houston. "In that area of the world, parts of the carcase which are not consumed, or even have a disposal cost in this country, can have a high value. So while the trade may not be huge it can add vital additional value to each pig carcase."
Indeed, industry experts believe that the market in fifth quarter products - offal that is usually rendered or considered waste by processors - could offer potential to British exporters. For an industry that has seen its value drop by a third in five years, this is welcome news.
"At a time of increasing feed costs this could be a real shot-in-the-arm for the British pig industry. Final clearance for export of live pigs and pig genetics is still awaited, but I am confident this can be achieved in the near future," said Houston.
The ongoing closure of the Japanese market has made it difficult for the UK pork processing industry to expand into other markets in Asia. This, however, is now a strong possibility. "I would like to thank the many government officials who worked so hard to make sure everything was in place for the re-opening to happen," said Houston.
There has already been considerable interest among the processing companies in restarting pork exports and the first consignment is expected to leave this country before the end of the month.
British trade in pork to Japan dried up following the outbreak of foot and mouth disease in the UK two years ago. Although other countries around the world had lifted the ban on British pork exports after the World Animal Health Organisation had declared the UK free of FMD, the Japanese maintained their ban.
The opening of the Japanese market represents the latest milestone in the UK pork processing industry's attempts to get back on its feet. The market in sow meat to the EU for the manufacturing market, particularly in Germany, has already picked up significantly, something that Sloyan believes is an important stepping stone in the industry's recovery.
In a further attempt to restore consumer confidence, a national pig health and welfare strategy has been launched. The strategy has been produced by the British Pig Executive (BPEX) the Pig Veterinary Society (PVS), the National Pig Association (NPA) and the Meat and Livestock Commission (MLC). It was drawn up in response to government moves on health and welfare and has been endorsed by animal health and welfare minister Ben Bradshaw.
"A key proposal is the creation of a pig health and welfare council to drive this forward and that should be in place in early 2004," said Sloyan. Slowly but surely, the UK pork processing industry is returning to normal.


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Islamabad / New Delhi
PM Imran Khan decided Pakistan cannot go ahead with any trade with India under the current circumstances after holding consultations with key members of his Cabinet on importing cotton and sugar from the neighbouring country, a media report said on Saturday. The PM after consultations on Friday instructed the Ministry of Commerce and his economic team to immediately take steps to facilitate the relevant sectors, value added, apparel and sugar, by finding alternative cheap sources of import of the needed commodities, the Dawn newspaper quoted. Various proposals have been presented to the Economic Coordination Committee which considers the suggestions from an economic and commercial point of view. After consideration by ECC, its decisions are presented to the Cabinet for ratification and final approval, the report said. In the present case, a proposal was presented to the ECC to allow the import of cotton, cotton yarn and sugar from India keeping in view domestic requirements. With regards to ECC decision to allow import of sugar, cotton and cotton yarn, Khan held consultations with Cabinet members and decided Pakistan could not go ahead with trade with India.


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Pizza Hut has formed a long-term franchise alliance with Spanish restaurant chain Telepizza Group to drive growth across Latin America, the Caribbean, Spain, Portugal and Switzerland.
As part of the deal, Telepizza will become the largest master franchisee for Pizza Hut, which will strengthen its position as a multi-country pizza operator globally.
The Spanish chain will operate Pizza Hut stores and oversee the brand’s franchisees alongside operating its business in Portugal.
Telepizza will also continue to operate Pizza Hut stores in Latin America (excluding Brazil) and the Caribbean as well as rebrand its stores in the region to Pizza Hut.
Pizza Hut International president Milind Pant said: “Geographically, this long-term, strategic alliance with Telepizza Group will make Pizza Hut accessible to more consumers over time, helping fulfil our mission of making it easier to get a better quality pizza.”
In addition, Telepizza has plans to open at least 1,300 new stores over the next ten years across the regions covered in the alliance as well as 2,550 stores in total over 20 years.
The deal will make Telepizza an authorised supplier of Pizza Hut establishments and the manager of its supply chain operations.
As part of the alliance, the Spanish restaurant franchisee will double its store portfolio to more than 2,500 locations with presence in 37 countries and expects to generate €1.1bn in revenue.


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Some great new bikes hit the Indian bike market recently
SWM SuperDual 650 T and Notron twins launched in India by Motoroyale Kinetic
Other than SWM SuperDual 650 T and Norton Dominator and Commando, Motoroyale launches FB Modial SPS 300, Hyosung 250 RC, GV 650 Aquila pro and the most stunning MV Agusta Brutale RR for the Indian bike Market.
In India various international brands like Norton, Hyosung, MV Agusta, FB Mondial and SWM comes under the label of Motoroyale Kinetic. With the launch of seven new superbikes in India, the company is looking forward to sell more than 2500 superbikes by next year. Adding to this, Motoroyale is also opening 12 new showrooms soon across the country, says Ajinkya Firodia, M.D. of the company. Also Kinetic has an estimate to sell over 13,000 bikes annually in India as well as in other Asian countries such as Indonesia, Thailand, Vietnam, Malaysia and Philippines.
“I always want to remain a small company selling exotic motorcycles, but with a high margin and I don’t want to sell one lac motorcycles with low margins. Kinetic has a strong auto component-base, so we know how to make frames, chassis, and engine parts. Localization will play important part of our strategy,” says Firodia.
Currently, Motoroyale offers Superbikes that include MV Agusta Brutale 800 RR, Limited Edition Norton Commando and Dominator, SWM SuperDual, FB Mondial HPS 300, Hyosung Aquila 650 Pro and GT 250 R. As of now, the motorcycles will be assembled at Kinetic’s plant in Ahmednagar, Maharashtra.


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The Ocean Freight Industry EIPP Standards Advisory Board (SAB), an independent organization of containerized shipping executives, on Thursday said it has made progress on several key electronic invoicing initiatives following its sixth bi-annual meeting in Hamburg, Germany, earlier this month.
During the two-day gathering, the SAB reached several important milestones to advance the use of electronic invoicing in the industry. The group successfully formalized best practices for electronic invoice submission and receipt, while also moving forward to develop standards for the corresponding credit note process and complimentary EDI (electronic-data-interchange) message guidelines.
Members also defined future project initiatives for standardizing business processes and electronic messages to resolve many common causes of invoice disputes, including the areas of contract management, booking and shipping instructions.
The group also heard from Frank Cirimele, director of products and services with the freight payment and audit services provider Cass Information Systems. He discussed the role of standards in the electronic payment of transportation invoices.
“Electronic invoicing presentment and payments is the last manual frontier in ocean shipping to be conquered in what is otherwise a rich EDI channel environment,” said Steen Erik Larsen, head of IT delivery operations, trade and marketing, and finance for Maersk Line. “The pace to implement EIPP is picking up and therefore the development of standards is critical to facilitate successful one-to-many integrations, to ensure timely, reliable and consistent processes, and to lower costs.”
The SAB also named Otto Peter, a 40-year industry veteran with deepsea freight experience at Kuehne + Nagel and Agility, as the new leader of SAB’s process team.
“Due to the collective brainpower and influence in the market overall, the SAB has been essential in advancing the use of e-Invoicing presentment and payment in the ocean container shipping industry during the past three years,” said Rod Agona, executive officer of the SAB and managing director of electronic invoicing at INTTRA. “We’re eager to continue in this positive direction and look forward to growing our number of new members in 2013. In particular, the ocean carriers have an unprecedented chance to collaborate with some of their largest customers on win-win strategies in eCommerce that could only be accomplished in a neutral forum such as the SAB.”
The SAB was established in 2010 by INTTRA and a core group of carriers and freight forwarders. It has grown to be a self-funded and governed 24-member organization. Members include Agility Logistics, BDP International, CEVA Logistics, CMA CGM, CSAV, Damco, DB Schenker, DHL Global Forwarding, Ecu-Line, Geodis Wilson, Hamburg Süd, Hapag-Lloyd, INTTRA, JF Hillebrand, "K" Line, Kuehne + Nagel, Leschaco, Maersk Line, Mediterranean Shipping Co., Panalpina, Röhlig, Sinotrans, and UASC.
Larsen and Agona are scheduled to speak during an American Shipper webinar on e-Invoicing
June 5. - Eric Johnson


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The Fournaise Marketing Group 2013 Global Marketing Effectiveness Program Report – which claims 78 per cent of CEOs believe agencies are not ROI driven and talk too much about “creativity as the saviour” – has sparked a fierce debate amongst marketers on the Marketing Week website and social media.
Ian Priest, IPA president and international managing director of Chime Communications, says the trade body’s own effectiveness Databank – which holds more than 1,000 case studies – and IPA Effectiveness Grand Prix winner John Lewis’ “making the nation cry and buy” advertising strategy, which the retailer claims has generated £1.074bn in incremental sales and £261m of incremental profit, proves “beyond reasonable doubt” that commercial creativity works.
In Priest’s inaugural speech as IPA president, he announced the trade body’s “ADAPT” agenda which aims to build agencies’ commercial creativity credentials by involving clients more in how the marketing industry needs to keep evolving to ensure the value of commercial creativity remains at the centre of their work. The IPA created its first client council as part of the new strategy.
In direct response to the Fournaise report, Priest adds: “As an industry working alongside our marketing clients, it is very disappointing to read this report as the IPA has been leading the world in proving that advertising creativity works since 1980 and many CEOs are firm advocates of our position at the creative end of commerce.
“Because for all the challenges that exist right now, we must never lose sight of the fact that what we do can – and often does – transform the businesses of our clients and helps build our position in the UK as a centre for world class advertising.”
A separate report from The Advertising Association and Deloitte earlier this year, found the £16bn spent on advertising UK generated £100bn for the UK economy, which Priest says is “another great ROI” for CEOs to consider.
The disconnect between the metrics which CEOs focus on and those delivered by agencies is “inevitable”, according to CIM associate director of research Thomas Brown, but he says agencies are usually only accountable for part of the mix – as to say this is like “judging a car’s performance on how good the tyres are”.
He adds: “If CEOS and marketing teams are to work effectively together, they need to speak the same language – and sheep-dipping marketers with ‘finance for non-finance managers’ isn’t the solution.
“This requires marketers – whether from agencies or in-house – to turn their attention outwards, away from the creative and campaigns and towards corporate objectives and financial metrics. It also needs the education of the CEO and CFO in the value of focusing on customers and human decisions rather than just the numbers.”
At the other end of the scale, Debbie Morrison, ISBA’s director of consultancy and best practice, says the level of trust advertisers have towards their agencies is at its “lowest ebb” in the 16 years it has been tracking this sentiment.
She adds: “The inert economy has made businesses more inclined to harden their commercial positions, just look at the number of companies extending their business terms. They want more effect and more efficiency, and even greater ROI from their budgets in this highly fragmented, multi-channel world where the consumer is more elusive.”


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Round-Up - Constellation Brands' FY Results
In April, global wine, beer and spirits maker Constellation Brands released its full-year results for fiscal 2014. Here's the full round-up of just-drinks' coverage.
Constellation Brands has reported a big jump in full-year profits and sales after its newly-acquired beer business drove growth.
Constellation Brands yesterday surprised the market when it announced it had underestimated the level of investment needed in its Mexican brewery.
Constellation Brands' CEO has sidestepped a question on whether his company wants to buy US brewer Pabst Blue Ribbon Co.
The head of Constellation Brands has said the company is paying a “premium” to speed up a capacity upgrade on its Mexican brewery.
Constellation Brands will report its fourth-quarter and full-year results on Wednesday (April 9). Here just-drinks takes a look at the group's highs and lows in the three months to the end of February.
At ProWein 2014, Andy Morton sat down with Constellation's international general manager Philip Kingston to talk about its expanding global ambitions including a new tie-up in China for its Robert Mondavi brand.
- What do A-B InBev results mean for SABMiller deal?
- Brewers go Crazy over Flavoured Malt “Cocktails”
- Spirits - Where does 'Craft' End and 'Mass' Begin?
- Anheuser-Busch InBev's FY Performance by Region
- Much Work to do on Packaging in the US
- Diageo "smart bottle" targets consumers at home
- Tesco reinstates Dan Jago following suspension
- Tough US hits Mast-Jagermeister volumes in 2014
- Pernod Ricard sends Martell Mumm PJ head to Asia
- George Clooney launches Tequila Casamigos in UK
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Wine, 2014 and the future
- Spirits and RTDs, 2014 and the future
- Global RTD/RTS insights - market forecasts, product innovation and consumer trends research
- Beam Suntory Inc. - Strategy and SWOT Report


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The northern cattle industry is waiting with bated breath for an increase in live exports to Indonesia.
Hopes are pinned on talks at the moment between the Indonesian government and agriculture ministers from Queensland and the Northern Territory.
While industry says it would be a challenge to get thousands of animals to port and then shipped by June in time for Ramadan, it's ready to do what it takes once the increase in quota is confirmed.
Queensland Primary Industries Minister John McVeigh says Indonesia's Agriculture Minister Suswano was very positive.
"That's what he said, that he would bring forward the third quarter by one month.
Given that the quota at present is 270,000 head per annum that would represent in the order of 20-25,000 head of cattle out of northern Australia, if and when that happens."
Head of the Australian Live Exporters Council Alison Penfold says the logistics of bringing forward the third quarter cattle quota are challenging.
"From an exporters' perspective, the sooner that decision is made the better. Ships are booked months in advance, and exporters will need to shift those schedules around to support any additional quota that is made available."
Ms Penfold says until exporters have a phone call from customers in Indonesia that extra quota is available, the situation becomes real.
She says exporters will do everything they can to find the cattle that meet the specifications for the Indonesian market and get them onto ships.


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The NFT market has now surpassed $40 billion, after tripling from 2019 to 2020, and it’s on the road to mainstream adoption faster than anyone would have anticipated for such an existentially challenging … product.
And Youtube might be the next to jump on the non-fungible token train.
YouTube CEO Susan Wojcicki has suggested that the company is looking to branch into NFTs in the future as another source of revenue for creators.
“We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” she said in the letter outlining the company's 2022 priorities.
It’s still unclear how NFTs would be offered on YouTube or what they would look like, but it’s tantalizing, nonetheless.
Last week, Twitter launched its first NFT feature by adding support for NFT Profile Pictures.
In the last couple of months, several major tech companies such as Facebook, Instagram, Reddit and others also said they were exploring the NFT market possibilities.
NFTs are unique cryptocurrency tokens used to represent assets such as digital art, real estate, sport, movies or music. A token can be bought and sold like any physical asset; however, they have the big advantage of running on blockchain, meaning ownership and validity of the asset they represent can be accurately tracked
For example, an art creator can put an NFT-based piece of artwork up for sale where a buyer can purchase a unique token that represents the asset and use it to prove ownership and authenticity of the digital art through blockchain.
Overall, the tokenization market will be driven by new players. Those newcomers are building up their own NFT infrastructure. Traditional players–like the big tech outfits–are working towards mainstream adoption. When the two come together, the NFT market will explode.
"Shark Tank" investor Kevin O'Leary told CNBC recently that the NFT market’s ability to serve as proof of ownership might help it potentially grow bigger and "more fluid" than the market for bitcoin
"You're going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years, making NFTs a much bigger, more fluid market potentially than just bitcoin alone," he said.
Even Mark Cuban, the billionaire who has previously expressed serious misgivings about the bitcoin/crypto craze and likened it to the Dotcom bubble, has just acknowledged that NFTs are the real deal, saying, “you can sell anything digital using NFT”.
Last year we saw NFT popularity skyrocket with multimillion-dollar sales, major brands and a lineup of celebrities, including Melania Trump. Hollywood stars, sports celebrities and big brands like Coca-Cola, Gucci, Nike, and Adidas, all dipped their toes in the space.
The most valuable NFT sale last year was a digital collage called “The First 5,000 Days” by artist Mike Winkelmann (aka “Beeple”) for $69 million. Another Beeple piece, “Human One,” went for $29 million.


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Paul Sawers was a reporter with The Next Web in various roles from May 2011 to November 2014. Follow Paul on Twitter: @psawers or check h Paul Sawers was a reporter with The Next Web in various roles from May 2011 to November 2014. Follow Paul on Twitter: @psawers or check him out on Google+.
Earlier today we reported that Amazon had inked a multi-year EPIX deal to bring thousands of films – including The Avengers and Hunger Games – to Prime Instant Video. And in the immediate aftermath of this announcement, Netflix shares tumbled. But wait a minute, why would this hurt Netflix so much?
Just to recap, EPIX is a joint venture between Viacom Inc (well, its Paramount Pictures unit), Metro-Goldwyn-Mayer Studios (MGM) and Lionsgate. It’s a premium entertainment network, delivering movies, classic titles, original films, comedy, music and sports to viewers across the country. But here’s the thing, it had previously signed a five year streaming deal with Netflix, the first two years of which were exclusive – but the Amazon deal signaled the end of this exclusivity, thus it’s one less reason for folk to pay attention to Netflix. As far as the stock market’s concerned, at least.
“We are investing hundreds of millions of dollars to expand the Prime Instant Video library for our customers,” said Bill Carr, Vice President of Video and Music at Amazon. “We have now more than doubled this selection of movies and TV episodes to over 25,000 titles in just under a year. We are thrilled to be able to offer our customers such popular EPIX titles, many of which were just recently in theaters. We can tell from the data that our customers love watching movies on Prime Instant Video.”
Amazon’s subscription Prime Instant Video service, which is where EPIX content will be made available, is available for Kindle Fire, Roku, iPad, Xbox 360 and other connected devices – and the PlayStation 3 finally got it back in April too.
Shares fell 10% in Tuesday trading which is thought to represent around $300m value, though it remains to be seen whether this is a temporary set-back and the shares will recover, or the impact of losing such a lucrative exclusive will be longer lasting.
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RBI and Ministry of Finance
- Monetary policy and Fiscal policy should in sync to review the economic growth of the country, but recent increase of key policy rates by RBI has been a bone of contention between RBI and Finance ministry.
- Ministry of finance argues increase of key rates would impact investments and growth in general but RBI says it’s(increasing key rates) the best way to decrease the rising inflation which is harming the economic growth.
- RBI says it has to bring down the retail inflation to 8% and 6% in 2015 and 2016 respectively.
- RBI also said if inflation comes down, economic growth will be subsequent and sustainable.
- Monetary policy
- Fiscal policy
- Reserve Bank of India (RBI)


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Huawei has officially launched its fully upgraded Huawei Talent Online 2.0 platform, offering a new type of online learning experience for those in the region and abroad that is more hands-on and practical. It not only presents online experiments that encourage convenient learning, but also provides “Four Ones” experience that optimizes partner registration, class and course opening, and operations.
The announcement comes as the company concluded its HUAWEI CONNECT 2020 annual flagship event for the global ICT industry. Held over the last week, it serves as an open platform to help its customers and partners navigate changes, share experience, and work together to create new value. At last year’s event, Huawei launched Huawei Talent Online 1.0, which this new version builds upon.
Today, the one-stop service platform houses 217 high-quality courses, attracting 800,000 users around the world. In addition, 1,276 Huawei ICT Academies/Huawei Authorized Learning Partners (HALPs) have registered on the platform, expanding the scope of courses and the range of knowledge available to users. So far in 2020, Huawei has certified over 90,000 users, greatly improving their career prospects. At the same time, over 50,000 people from 62 countries participated in the platform’s “Learn On” action plan, pursuing ICT learning during the pandemic.
“We expect to see large-scale growth in Huawei’s talent ecosystem business over the next five years. There will be 10,000 Huawei ICT Academies, 1.5 million annual ICT learners, and additional 350,000 certification participants each year. That’s why it’s so essential to provide users with a simple experience-based platform,” said Xue Feng, Huawei Talent Online Chief Architect.


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Transport workers deserve special recognition on Worker’s Day
N3 Toll Concession (N3TC) extends its appreciation to all workers in the transport industry for keeping our economy and country moving forward.
“The role of our roads and transport industry in the sustainability and growth of the South African economy cannot be overestimated,” says Thania Dhoogra, N3TC’s operations manager. “Every worker in this industry is an important asset to our nation. Each one of them contributes to our daily lives. Without them our economy would grind to a halt, and our citizens would be left stranded and isolated, with little to no access to essential goods and services.”
South Africa is fortunate to have an extensive road network that links ports, airports and railways. It is considered to be the best road network on the continent, facilitating the movement of people and goods across borders to the benefit of the entire southern African region and beyond.
Transportation of goods and services in South Africa is heavily reliant on roads. It is estimated that up to 89% of freight relies on this mode of transport.
The N3 Toll Route connects Africa’s busiest port in Durban to South Africa’s economic heartland, Gauteng. More than three out of every five containers entering or leaving South Africa goes through the Durban port, making the N3 a vital corridor for freight transportation in both directions.
“Every day of the week, 24 hours a day, freight is being loaded, hauled and delivered across the country and the continent. These are physically demanding jobs, with some workers spending long and irregular hours hard at work to keep the wheels turning.
Next time when you drive behind a truck, or see a massive freightliner chugging along, or pass road maintenance and construction workers doing essential maintenance along the N3 Toll Route, please acknowledge their continuing efforts towards making all our lives more comfortable,” ends Ms Dhoogra.


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Iceberg Interactive has announced that its 3D strategy space combat game Ceres is now available on Steam. The game is a throwback to such titles as Starfleet Commander in which the player is thrown into combat and use their wits to win battles around our Solar System.
The game is developed by Jötunn Games. According to the studio's Tryggvi Hákonarson, “I'm glad and excited that Ceres is now being released. It's taken me quite some time and I'm happy with the results and very eager for the community to experience the gameplay and the world of Ceres. I aim to expand Ceres beyond the inner planets and even beyond the Sol System in the near future, this release is just the beginning."
Gamers interested in the game can play the demo on Steam. Ceres runs $19.99, but will be enjoying a 15% discount during its launch week. Retail versions will be released in European stores at the end of October.


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TRAVERSE CITY — The Grand Traverse region’s residential real estate market is on pace for its best sales year since officials began to track sales data.
Newly released numbers from the Traverse Area Association of Realtors indicates 2,658 residential units sold through November in the region covering Grand Traverse, Benzie, Leelanau, Antrim and Kalkaska counties. The sales figure constitutes a 7.3 percent rise from 2,477 units sold the year prior and are nearly 41 percent higher than 2010 sales figures.
Kimberly Pontius, executive vice president of TAAR, said this year’s sales volume is record-setting.
“This will be the benchmark year,” Pontius said. “Inventory issues are starting to emerge even with waterfront and luxury properties because we are starting to deplete the inventory.”
The average selling price and median sale price of residential units are rising, too. TAAR statistics show since 2009 the average selling price in the Grand Traverse region jumped 25 percent, from $173,590 to $216,652. The median sale price jumped 23 percent during the same time frame.
The improved market is great news for real estate agents, sellers and others in the industry, but likely will lead to further tightening of an already constricted rental market, said Sarah Lucas, an affordable housing expert at the Northwest Michigan Council of Governments.
“We already have a significant shortage of affordable homes available to our low- and moderate-income families,” Lucas said. “It’s just going to exacerbate the situation. It’s something we are hearing about from all population groups, including seniors, the disabled and people in poverty.”
Residential waterfront properties are selling strong also, especially around Torch, Skegemog and Elk lakes.
“The inventory is approximately half of what it was three years ago,” said Don Fedrigon Jr., a real estate agent with Re/Max of Elk Rapids.
“Affordable waterfront, everything from $300,000 to $600,000, is probably the market that is getting the most demand at this point,” Fedrigon said. “There’s high demand also for condos and historic homes in Traverse City. They are very much in demand due to convenience.”
Sales of waterfront properties on Benzie County’s Crystal Lake are improving, too. In 2012, 44 listings led to 20 sales. This year there were 56 listings and 24 sold. Bob Weisbrodt, an associate broker with Real Estate One in Benzie, said more expensive properties moved in 2013.
“Last year there were no sales over $1 million,” Weisbrodt said. “In 2013 we had two sales for more than $1 million.”
Brad Zucco, owner of Appraisal North, said he knows several real estate agents who “are having their best year ever.” He said low interest rates are boosting the market.
“I’m somewhat concerned about rate increases and that they might throw a wet blanket over the market,” Zucco said. “The rates are still phenomenally good after going up a full percentage point since May and June. With unemployment going down, the fed may cut back on bond buying, which could prompt further increases.”
Residential units sold Grand Traverse region
2013 2012 2011 2010 2009 2008
Residential units sold 2,658 2,477 1,957 1,886 1,886 1,668
Avg. selling price $216,652 $201,962 $184,502 $186,410 $173,590 $201,172
Median sale price $160,000 $145,000 $135,000 $137,350 $130,000 $145,000
2007 2006 2005
Residential units sold 1,881 2,036 2,374
Avg. selling price $223,262 $225,002 $222,064
Median sale price $160,000 $165,000 $164,900
— Source: Traverse Area Association of Realtors


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Canadian consumer spending rose by 3.8% on a year-over-year basis in Q4 2014, following three consecutive quarters of stagnant growth, according to a quarterly report released by Moneris Solutions Corporation.
It adds spending across Canada rose by 3.5% in October, 6.1% in November and 4% in December.
Among the provinces, Prince Edward Island and Newfoundland and Labrador outperformed, with gains of 6.8% and 4.9%, respectively. Ontario and British Columbia followed (with gains of 4.5% and 4.6%, respectively) and then Nova Scotia (1.1%) and Saskatchewan (1.7%).
Credit card spending accounted for 63.3% of total spending processed by Moneris, while debit cards made up 36.7%. Overall spending using credit cards and debit cards increased by 5% and 1.8%, respectively.
Holiday stats strong
Angela Brown, president and CEO of Moneris, finds, “The period beginning with Black Friday and continuing through to Boxing Day [was] an important sales driver for Canadian retailers in 2014,” said. “The gains […] during this period rounded off an encouraging quarter for many merchants.”
The report shows:
- Black Friday beat out Boxing Day this year, with total sales being 5% higher;
- still, the pace of growth was slower on Black Friday (5.1%) than on the days leading up to and immediately following Christmas;
- growth during the latter period (between December 19th and 24th, and between December 26th and 30th) was up 7% and 7.9% over 2013, respectively; and
- December 23rd was the busiest shopping day of the year.
Taking advantage of gas prices
Due to the recent drop in gas prices, Moneris reports a 6% decline in the cost per transaction of gas over Q4 2014. The most marked decline was seen in December, with an overall decrease of 15% in cost per transaction.
Canadians are spending significantly more on transportation compared to the same period last year. Overall spending on transportation rose 11.4% in Q4, with the largest increase occurring in November (13.5%). In particular, taxicabs and airlines experienced growth increases of 9.8% and 5.9%, respectively. That’s likely due to heightened travel activity during the holiday season.
More on food, less on entertainment
Sales increased at fast food restaurants (+7.8%) and dine-in restaurants (+5.4%) in Q4 2014, compared to the same period in 2013.
Meanwhile, consumers spent less on entertainment at the end of 2014 (-0.9%) than at the end of 2013. The greatest decrease took place in October (-2.5%), followed by November (-1.6%) and December (+1.0%).
Read: Canadians cut spending


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Here are today’s top business headlines from across Missouri:
The Republican-controlled House and Senate voted during Wednesday’s veto session to override Democratic Gov. Jay Nixon’s line-item budget vetoes and many of the bills he vetoed, including a 72-hour waiting period for women seeking an abortion. Nixon said last week that legislators would be acting irresponsibly if they overrode vetoes and authorized new government spending. Republican lawmakers didn’t listen.
Hundreds of shoppers flocked to suburban Kansas City for the opening of the first Ikea store in Kansas. The Swedish retailer’s 40th store, spread over 359,000 square feet, is on the southeast corner of Interstate 35 and Johnson Drive. Its first Missouri store is scheduled to open in St. Louis in fall 2015.
Here Today, a Brentwood-based discount retailer that opened its first store last year in Florissant and added a second metro St. Louis store this week, in Fairview Heights, is on the verge of further expansion. Here Today is building a third store in Fenton and plans to open eight more locations in 2015.
Emerson Electric Co. intends to fund scholarships for students in Ferguson, home to the Fortune 500 company’s world headquarters and site of unrest caused by the shooting of an unarmed black teenager by a white police officer. Emerson Executive Vice President Patrick Sly said he planned to meet with officials at Ranken Technical College to hammer out details for scholarships for 50 Ferguson students.
Saint Louis University has named Mark Higgins the next dean of its John Cook School of Business, which enrolls 1,854 undergraduate and graduate students. Higgins, who starts work at SLU on Jan. 1, has been a member of the University of Rhode Island’s faculty since 1988 and was appointed dean of its business college in 2006.
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Everlane Introduces "ReNew" Jackets & Sweaters for the Winter
The sustainable brand is taking steps to eliminate its use of virgin plastic by 2021.
Everlane has debuted its new “ReNew” collection which includes women’s puffer jackets, parkas and sweaters. This line will be produced using 3 million recycled plastic bottles as a part of its new initiative. By 2021, Everlane is striving to eliminate all virgin plastic from its supply chain. Its founder and CEO Michael Preysman shares the reasoning behind this decision:
“Plastic is destroying our planet and there is only one solution: stop creating virgin plastic and renew what’s already here. Companies have to take the lead and any company that hasn’t made this commitment is actively choosing to not improve our environment.”
The “ReNew” collection is the first steps towards reaching this goal. These covers maintain their comfort while also contributing to a good cause. Above, shoppers can preview the upcoming line which will be available online and at Everlane stores on October 24.


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By 2030, AI is predicted to add $15 trillion to the global GDP thanks largely to solving data issues according to PwC. Lending money used to be a tricky business but time consumers and technology is changing. Banks and other industries are struggling to cope with the changing consumer demand, but a few are getting it right. AI's Projected Impact on Global GDP Real Estate is one industry that has a big AI opportunity due to its late mover position. The early pitfalls have been identified and now fast progress can be made with a sensible strategy.
The Daily Roundup is our comprehensive coverage of the VR industry wrapped up into one daily email, delivered directly to your inbox. Apple has barely mentioned augmented or virtual reality in its big keynotes lately, however at WWDC 2022 earlier this month, the company quietly released probably one of the best 3D room-mapping tools for mobile AR yet. Called RoomPlan, the ARKit Swift API uses the camera and LiDAR scanner on recent iPhones and iPads to create a 3D floor plan of a room, including key characteristics such as dimensions and types of furniture. Apple says it's aiming to appeal to professionals like architecture and interior designers for conceptual exploration and planning, as well as developers of real estate, e-commerce, or hospitality apps; developers can integrate RoomPlan directly into their AR-capable apps. When it was released earlier this month, Jonathan Stephens, Chief Evangelist at spatial computing company EveryPoint, took RoomPlan for a test drive to see what it could do.
Technology allows us to take new approaches to old problems, and these approaches are faster, easier, and yield better results. This is as true in the real estate industry as any other – in a realm where buying and selling homes used to require lots of hard work, innovations like the internet, artificial intelligence, and mobile computing have made the process much less strenuous than it was in the past. One of the newest technological breakthroughs, both in the real estate sector and beyond, is the use of artificial intelligence. AI has absolutely revolutionized many processes associated with buying and selling homes, and as a result, first-time home buyers are reaping the benefits in a major way. Let's take a look at how AI potentially affects first-time home buyers for the better.
In addition, the real estate field, like many others, is transitioning to a "data-driven" world and developing artificial intelligence use cases. From consumer exchange of goods and services strategies to investing in large commercial projects, A.I. is making inroads into real estate. On the other hand, the real estate field is still in the early stages of implementing A.I. services in real estate will become more visible as technology advances. This article will look at the buzz around A.I. in the real estate industry. Artificial intelligence is a word that refers to a type of technology that can draw logical conclusions on its own.
This article was initially written as part of a PDF report sponsored by Iron Mountain and was written, edited, and published in alignment with our Emerj sponsored content guidelines. Learn more about our thought leadership and content creation services on our Emerj Media Services page. For better or worse, paper is often the lowest common denominator in capturing and storing this information in the enterprise. The inefficiencies of processing and distributing this mail to team members can challenge enterprise compliance, privacy, and information security requirements. COVID has strained enterprises further to drive towards digitization – but a vast array of important information is trapped on physical paper.
Technology has completely infiltrated the built environment. Between IoT connectivity in buildings, indoor wayfinding and virtual tours, real estate is no longer the tech-averse industry it once was. In the context of digitization, there are new uses for Augmented Reality (AR). The technology has evolved from a marketing gimmick to a solid strategy for asset managers to improve their built environments. The premise of AR technology is the real-time integration of digital information to "augment" the user's physical experience.
Artificial Intelligence (AI) as an idea is more than 50 years old, though only in the last five years or so has AI come to dominate the world of business. Just as it is hard to overestimate the potential of AI to create change at massive scale, it is nearly impossible to exaggerate the degree to which talk of AI in both the news and in the marketing slicks created by PR agencies is hyperbolic and often disconnected from ground realities. Over the past several years, many companies have made claims about using AI to "disrupt" the space; I am myself affiliated with more than one such company. So what, indeed, is the verdict: Reality or rhetoric? I'll use my authorial perch to play both judge and jury here, but, spoiler alert, the jury is hopelessly hung.
A luxury apartment building in New York, designed for seniors, will make use of Artificial Intelligence to monitor the health and wellbeing of its residents. Known as the Bristal, staying at the assisted living facility is on York Avenue costs between $12,800 and $20,150 per month, with each of the 132 studio apartments equipped with a private bathroom, kitchenette and an optional AI assistant. 'Foresite' is a predictive health and fall management system, that triggers alerts and warnings for medical professional and facility staff, coming pre-installed in all rooms. It isn't turned on by default, but comes with an upcharge on top of the up to $20,000 monthly rent, allowing for it to be activated as needed when a residents needs change, according to The Bristal. 'The pandemic has shown seniors that if you are living alone you are going to be isolated,' Faraz Kayani from the Bristal told the New York Post, adding that the AI and wider facility helps them stay connected to the community.
Latest survey on Artificial Intelligence for Blockchains Market is conducted to provide hidden gems performance analysis of Artificial Intelligence for Blockchains to better demonstrate competitive environment . The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end use applications. The report bridges the historical data from 2017 to 2022 and forecasted till 2027*, the outbreak of latest scenario in Artificial Intelligence for Blockchains market have made companies uncertain about their future outlook as the disturbance in value chain have made serious economic slump. If you are part of the Artificial Intelligence for Blockchains industry or intend to be, then study would provide you comprehensive outlook. It is vital to keep your market knowledge up to date analysed by major players and high growth emerging players.


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Funding to fuel strategic expansion across GCC, product development and team growth
Kuwait City, Kuwait and Riyadh, Saudi Arabia: Teeela, an innovative and rapidly-scaling gifting platform and app has raised US$3.75mn in a Pre-Series A. The round was led by Saudi Arabian investment firm Wealth Well and supported by strategic investment from Mad’a Investment Company, Al-Akeel family and other prominent investors.
The funding will fuel the growth of Teeela across the GCC, with imminent strategic expansion in the Kingdom of Saudi Arabia and United Arab Emirates. This will strengthen Teeela’s regional presence beyond its Kuwait headquarters as it targets the Middle East’s US$30bn gifting market, including family products, children’s goods and toys.
Abdulwahab Al-Khulaifi, co-founder and CEO of Teeela said, “We are proud to receive the backing of such well-respected investors who believe in our vision to be the number one choice for family gifting experiences. There is a huge opportunity to serve the gifting market with an exceptional range of products and personalized gift-wrapping options, providing customers with unmatched speed and convenience. This funding will underpin our regional expansion, support product development and strengthen our ability to attract top regional talent to be part of our journey.”
Wealth Well CEO Aqeel Alrajhi said, “Teeela’s team is committed to delivering a unique customer experience, ranging from the app journey to various new and innovative products. Teeela is well-positioned to take advantage of the rapidly changing e-commerce market and expanding its presence across the GCC and the broader MENA region.”
Abdullah Abdulaziz Al-Othaim, CEO of Mad’a Investment Company added, “Teeela has carved a strong ecommerce niche in Kuwait which, through the right strategic partnerships and investment, can proliferate across the Middle East. The business is ideally suited to meet the high online retail expectations of GCC consumers.”
Teeela provides a large selection of thousands of toys, with customized and personalized gifting options including bespoke wrapping and last-minute ordering. With super-fast, same-day delivery and an average time from order to handover of just four hours, Teeela provides a uniquely fast and seamless experience. The business has grown rapidly from its founding team to more than 60 colleagues in just four years.
The app has proven to be very popular and successful amongst customers, with conversion rates between four to five times higher than average ecommerce marketplaces and high customer retention. Teeela is also growing its team and bringing in key regional talent as part of a recruitment phase in the second half of 2022.
The Teeela app is available for download on Google Play and via the App Store, or to find out more information please head to Teeela.com.
Teeela is the GCC’s fastest growing and most innovative gifting platform and app, built to provide families with the easiest, quickest and most personalized gifting and toy buying experience. The company started in Kuwait in 2017 and since then, it has acquired thousands of customers, offers a wide selection of tens of thousands of family products, toys and children’s gifts, and delivers multimillion dollar annual revenue. In July 2022, the business received US$3.75mn in Pre-Series A to drive its regional expansion across the GCC.


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The FinTech has also announced the joining of Ash Gupta, former President and Chief Risk Officer (CRO) at American Express, as an advisor. As the President of Global Risk and Information management teams, he was instrumental in navigating Amex successfully through the great recession. It harnesses the power of technology to offer smart credit limits, an unparalleled rewards program, and automated features that will transform the way users shop and spend. “The reaction to X1’s unveiling and waitlist was outstanding, and we cannot wait to bring this card to market and to the hundreds of thousands who have signed up for it. We’re honoured to partner with Spark Capital and this phenomenal group of investors as we continue to build X1 and modernize the credit card industry,” said X1 co-founder and CEO, Deepak Rao.
- Fintech & Banking


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Washington Tried to Land Massive Tesla Electric Car Factory — Would It Be Worth It?
News has leaked out in economic circles that Washington state Governor Jay Inslee tried to woo controversial electric car maker Tesla to build it's battery "gigafactory" in our state.
According to a noted New Jersey consultant who helps find "homes" for companies and new development, it was the most sought after economic development in North America.
Tesla, as Newstalk 870 has reported over the last two years, is a company started by Elon Musk, whose goal was to build a line of electric luxury and sports cars. Despite some exciting and racy designs, the firm hasn't exactly taken off.
But more on that in a moment. According to Public Broadcasting's KUOW-Radio:
"The Washington Department of Commerce said it mounted an aggressive effort that included the personal involvement of Inslee.
Several locations on both sides of the Cascades were considered.
Site consultant Boyd, who has worked extensively in Washington, said the state had a lot to offer Tesla - including low-cost energy. Also, Moses Lake is already home to a carbon fiber factory for BMW electric cars."
However, KUOW says there's at least one report that now says Reno, Nevada has been selected, and the company has broken ground there. The company would reportedly create 6,000 jobs to build batteries for a projected 500,000 Tesla cars to be built by 2020. Among the reasons given for Tesla's reluctance to locate here is that we're not a "right to work state." Controversial labor issues with Boeing and other companies have scared off some prospective companies. California is off their list because when CEO Musk announced they were on the "short list," The United Auto Workers union reportedly said they would try to unionize the Tesla factory workers if the plant were built there.
But beyond this grand project are some shady financial issues. Tesla's stock went up last year, and the company appeared to be growing. This despite Consumer Reports fiascos that occurred in testing some Tesla models - which either caught fire in the battery area, or the engines died and wouldn't restart just seconds into the test drive.
Front Page Mag online reports the real way Tesla has been making it's money is from government subsidies, and crony capitalism. According to Front Page:
"Tesla didn’t generate a profit by selling sexy cars, but rather by selling sleazy emissions “credits,” mandated by the state of California’s electric vehicle requirements. The competition, like Honda, doesn’t have a mass market plug-in to meet the mandate and therefore must buy the credits from Tesla, the only company that does. The bill for last quarter was $68 million.
Absent this shakedown of potential car buyers, Tesla would have lost $57 million, or $11,400 per car." (Bold lettering added for emphasis).
More from Front Page:
"Tesla isn’t actually making money selling cars. It’s making money from crony capitalist taxes of people who buy cars from other companies. And even the customers who buy its cars get paid with taxpayer money."
So, for every car they sell, the buyers receive numerous government, taxpayer funded rebates, kickbacks, and other financial compensation that eats up much of the cost of the car. And, as stated earlier in this story, millions are taken from other electric car makers to give to Tesla because they have "favored" status with the Obama Administration.
Wall Street experts say the company is also running on $150 million in borrowed cash from Goldman-Sachs, and has floated hundreds of millions in new stock and debt for investment in car building.
Does that sound like the kind of company we want thousands of people to risk working for?


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Investment Will Accelerate Growth and Innovation for Apple Device Management Leader
MINNEAPOLIS – Jamf, the leader in Apple device management, today announced that it has entered into a definitive agreement to receive a majority investment by Vista Equity Partners (“Vista”), a leading investment firm focused on software, data and technology-enabled businesses. The transaction will allow Jamf to accelerate its growth and innovation through focused investment and strategic acquisitions that drive its mission to help organizations manage Apple devices.
“For fifteen years, Jamf has focused on delivering solutions that empower users with Apple products for businesses, schools and government. This investment by Vista validates what we’ve built: the management standard for the Apple ecosystem,” said Dean Hager, CEO, Jamf. “Enterprises and educators require a solution that provides their IT leaders with confidence and efficiency while preserving and improving upon the legendary Apple experience that users love.”
Jamf joins Vista with strong customer growth and business momentum. The company’s annual recurring revenue (ARR) grew by more than 40 percent in both 2016 and through the first three fiscal quarters of 2017. Nearly doubling its number of customers since the beginning of 2016, Jamf is serving more than 13,000 organizations today, including 8 of the top 10 technology companies and 15 of the top 25 Fortune 500 companies.
“Jamf has played an important role in facilitating Apple’s growth in enterprises and education by providing a powerful solution with an unmatched focus on the customer community,” said Vista Co-Founder and President Brian Sheth. “We are delighted to welcome Jamf into the Vista family and look forward to working with the Jamf leadership team to support their growth.”
The transaction is expected to close in the fourth quarter of 2017. Financial terms have not been disclosed. Goldman Sachs & Co. LLC served as financial advisor to Jamf. Morgan Stanley & Co. LLC and Piper Jaffray & Co. served as financial advisors to Vista. For more information about the partnership, visit www.jamf.it/vista.
Since 2002, Jamf has been focused on helping organizations succeed with Apple. Jamf is committed to enabling IT to empower end users and bring the legendary Apple experience to businesses, education and government organizations via its Jamf Pro and Jamf Now solutions, and the 50,000+ member Jamf Nation community. Today, more than 13,000 global customers rely on Jamf to manage over eight million Apple devices. To learn more, visit www.jamf.com.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland with more than $30 billion in cumulative capital commitments, currently invests in software, data and technology-enabled organizations led by world-class management teams with long-term perspectives. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies’ realization of their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.
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Tori Dunlap is a personal finance influencer Tori Dunlap/Her First $100K Influencers frequently share links to their Instagram Stories or below their YouTube videos. Those links are often affiliate links that let creators earn a commission on sales. We spoke with creators about how much money they earn using affiliate
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