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(AmericanProsperity.com) – Across the country, cashless stores are gaining in popularity as debit cards, credit cards, Paypal, Apple Pay, and other forms of digital payments are becoming more favorable and accessible.
As a result, the reliance on technology is empowering a cashless movement among businesses as they seek to become more efficient and profitable.
However, some governments are saying there are limits to how far businesses can go to accommodate cashless stores.
In 2019, Connecticut, New Jersey, New York City, and Philadelphia passed legislation to prohibit cashless stores. Legislators said that discriminating against consumers who prefer to use cash over other payment forms limits their personal choices and liberties.
In 2017, an FDIC household survey found that nearly 25% of American households do not have a checking or savings account. If they did, then they obtained financial products and services outside of the banking system.
In 2019, Pew Research said that most underbanked or unbanked Americans are “lower-income households, less-educated households, younger households, African-American and Latino households, working-age disabled households, and households with volatile income.”
Connecticut State Rep. Holly Cheeseman (R-East Lyme) said that a cashless society could limit someone’s civil liberties. For example, victims of domestic abuse are hurt when businesses won’t accept cash. Their abusers may monitor their purchases or cancel their debit or credit cards — leaving them in an even more vulnerable situation.
In a 2013 study by MasterCard, they reported that, at that time, 80% of consumer transactions in the US were completed with a debit or credit card. While that may be a statistical fact, there are also other serious civil liberty issues for both those who make transitions with cards and the 20% who don’t use the banking system.
If stores become totally cashless and if cash ceases to be a tool for the public to use, governments could gain unprecedented information on its citizens and have more spying power than ever before.
There is little evidence to suggest that the government will be able to restrain itself from abusing its power. Recent history with warrant abuses by the FBI, IRS scandals involving the Tea Party in 2012, and allegations of other government improprieties involving the National Security Agency demonstrate this abuse of power.
Another problem is that local, state, and federal law enforcement have been abusing their seizure powers under “civil forfeiture” laws for over a decade. They take money first and ask questions later. It’s perfectly legal for them to do based solely on suspicion without proof.
In a hearing before the House Financial Services Committee on Thursday, co-executive director of the New Economy Project Deyanira Del Rio said:
“Cash shouldn’t disappear. People should have their choice protected and preserved, and we need stronger access from Congress to make sure people are protected in the decisions that they make.”
Do Cashless Stores Have a Benefit to Society?
There are no questions that there are benefits that come from a cashless society. However, every benefit comes with some level of government intervention and a reduction in personal responsibility and liberty.
For example, the government, or even those who provide the digital transactions, could ban the sale of cigarettes, sugary drinks, gambling, or a host of other “sin” behaviors. That could have a positive impact on the cost and delivery of healthcare.
But, at what cost do the benefits outweigh the loss of freedom to make our own decisions?
America was founded on the idea of liberty. The very definition of liberty is a constraint on government.
If a society chooses to go cashless, we will not be restraining the government. Quite the opposite — we’ll be empowering it to impose more of its will over our lives.
Copyright 2020, AmericanProsperity.com


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The US has banned puppy mills from exporting in an unprecedented move aimed at cracking down on a lucrative industry that caters to pet lovers and exporters in the United States.
The US Food and Drug Administration said on Monday it would ban the pet-loving firms from selling puppies in the US.
It will also prohibit the companies from selling animals in the country.
The ban follows a decision by the US State Department in March to ban pet-selling firms in China, a move that came after the country’s government said it was cracking down against “pet-related” crime.
Pet-loving dog owners say the crackdown on the industry has failed to stem a growing trade in animals used for human consumption, with puppy mills producing hundreds of thousands of dogs and cats each year.
The puppies and cats are then sold for profit to pet-oriented businesses in China and elsewhere in the world.
“Today, we are taking another step in our campaign to end the puppy mill industry,” FDA Commissioner Scott Gottlieb said in a statement.
“This is the first of many steps that will be taken to end pet dog farming.”
The FDA said it would begin issuing licenses for the importation of animal products in the next 90 days.
The agency is also proposing a series of measures that will prohibit the import of pet dogs and puppies for human use in China.
The rules are designed to help prevent animal abuse and neglect, and will be enforced with penalties of up to $1,000 per dog and up to 10,000 for each dog and puppy.
The regulations will take effect on September 1, 2019, according to a statement by the FDA.

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,The timber and plantation company has, via its wholly-owned subsidiary Kuching Plywood Bhd, acquired the entire equity interest in Sing Chew Coldstorage Sdn Bhd (SCCS) for RM20mil cash. (File pic: WTK logging with helicopter)彩客网（www.99cx.vip）是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。彩客网上彩客分析专家数据更新最快。彩客网开放皇冠官方会员注册、皇冠官方代理开户等业务。
KUCHING: WTK Holdings Bhd is venturing into the frozen food business as a new revenue stream.
The timber and plantation company has, via its wholly-owned subsidiary Kuching Plywood Bhd, acquired the entire equity interest in Sing Chew Coldstorage Sdn Bhd (SCCS) for RM20mil cash.
WTK group, which has cash and balance balances of about RM386mil as at Dec 31, 2021, paid for the acquisition from internally-generated funds. The deal was completed on June 15.
SCCS is an importer, wholesaler and retailer of frozen foods. For the financial year ended Sept 30, 2021 (FY21), it reported a net profit of RM1.85mil on turnover of RM69.1mil, as compared to RM1.27mil and RM73.4mil respectively in FY20.
“With more than 20 years in operations, SCCS has an established track record in the frozen food industry. SCCS holds various agencies for reputable brands of food products and has its own brand, namely burgers, nuggets, frankfurters and crab sticks,” according to WTK.
WTK said with SCCS becoming its wholly-owned subsidiary, it provides an opportunity for the group to diversify into the business of importer, wholesaler and retailer of frozen foods and with a long-term viable business with growth opportunity.
WTK is among Sarawak’s top five timber companies and is involved in upstream logging operation, reforestation and downstream timber processing activities, including plywood manufacturing.
Due to the weak plywood market and prolonged log shortage, the group’s timber business has been in the red for the past three consecutive financial years, reporting pre-tax loss of RM67.6mil (2019), RM154.9mil (2020) and RM32.5mil (2021) as revenue shrank from RM453mil (2019) to RM209mil (2020) and further to RM179.9mil (2021).
Going forward, WTK expects its timber business to continue facing challenges with the anticipation of a slowdown in log production, due to declining natural logs and stricter operational requirements arising from timber certification.
In Japan, the company said in its 2021 annual report that logistical disruptions and escalating freight rates have led to more customers sourcing plywood supply locally.
However, with the robust palm oil market, the group’s oil palm plantation business has made a turnaround with a pre-tax profit of RM18.9mil in 2021 after suffering losses of RM29mil and RM38.9mil in 2019 and 2020 respectively.
The strong selling prices of crude palm oil (CPO) and palm kernel has boosted revenue to RM150mil in 2021 from RM86.1mil (2020) and RM64.1mil (2019).
On prospects, WTK expects satisfactory performance of its plantation business in FY2022, in view of the firm CPO price and as more of the group’s palm trees matured into prime age production cycle.


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If you want the most bang for your buck, you may consider moving to Zurich. And staying away from Jakarta. That's according to UBS Bank, which released a study on Wednesday revealing that the Swiss city, though ranked as the world's second most expensive (after Oslo), offers the highest wages and purchasing power. Other cities in which workers get good value for money: Miami, Los Angeles and Sydney. Those in which a hard-earned salary doesn't go far include Mumbai, Manila and Nairobi.
The study, conducted by the banking giant every three years, examined 73 cities worldwide using a standardized survey of prices and wages and covering 122 goods and services, from groceries and household appliances to transportation and entertainment. It turns out that Geneva, Tokyo, Copenhagen, New York City, Stockholm, Toronto, Montreal and London also hold the top spots on the most-expensive list.
But while Zurich and Geneva are rated among the costliest cities in which to live and work, Switzerland "is still by far the world's leader in terms of wages," the study says. Because of low payroll deductions, net wages are 30% higher in Zurich than in Copenhagen, another city in which employees enjoy high salaries.
Leading the ranking in wages is a double-edged sword, however, says Stephane Garelli, director of the Competitiveness Center at the Institute for Management Development (IMD), based in Lausanne, Switzerland. "Higher earnings mean better standard of living," he says. "But as more wealth is accumulated, prices increase, and that leads to a higher cost of living."
Daniel Kalt, UBS's head of global economic research, says the study's results are driven by sometimes-dramatic fluctuations in exchange rates, which can either propel a major city to the top or push it down in rankings. "A city can suddenly become cheaper or more expensive, and it can happen very fast," he says.
For example, Sydney has risen almost 20 places in the ratings since 2007 because of a 30% appreciation of the Australian dollar against the U.S. dollar. The euro-zone cities, on the other hand, have slipped down in the aftermath of the euro's decline. Kalt can see a silver lining: major European cities have become cheaper tourist destinations for people using currencies that gained against the euro, such as the Swiss franc and the U.S. dollar.
The study also documents a seeming paradox in that while China and Taiwan enjoy the highest GDP growth rates, Manila, Jakarta and Mumbai rate along with Nairobi lowest in wages and purchasing power. "The reason parts of Asia and Africa continue to lag behind is that the process of catching up with developed countries is very slow," says Kalt. "It could take decades."
Overall, the difference in the prices for goods and services between Western and Eastern Europe decreased from about 35% at the start of 2009 to about 26%, the study reports. That change can be attributed to "prices and incomes growing in emerging economies and catching up with the developed countries," says Kalt. "Declining value of the euro is also a factor." For South and North America, a similar ratio holds true: in South America, a basket of goods and services is now approximately 32% cheaper than in North American cities.
Are these numbers predictors of future economic trends and possible blueprints for future economic policy? "It is very difficult to make predictions," Kalt says. "After all, nobody could have foreseen the fall of the euro. So when a study is based on exchange rates, there is just no telling what will happen."
However, IMD's Garelli says there is one conclusion that can be drawn: "The more a country becomes developed, the more prices and costs of living will climb," he says. "The challenge for policymakers is to find the right balance between the two."


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Jerónimo Martins, Intermarché In Talks To Take Over Alisuper Stores
Portuguese retailer Jerónimo Martins and French retail group Intermarché are in talks to acquire a number of outlets that were formerly owned by Porteguese supermarket chain Alisuper.
Alisuper was rescued from bankruptcy by investor Nogueira three years ago, but the grocery retailer has struggled since then.
Os Mosqueteiros (Intermarché) has confirmed that it would invest €5 million in the puchase of nine Alisuper outlets in the Algarve.
Intermarché administrator Carlos Almeida said: “We plan to treble the amount of turnover at these supermarkets, as well as keep their 51 workers employed."
He revealed that an additional 91 staff may be hired in the long-term as part of the retailers plans to open 63 new Intermarché supermarkets before the year 2020.
With the aim of having 295 stores in operation by that year, Intermarché would then achieve a 13.5 per cent share of the market.
According to the group, the outlets it is taking over are in Albufeira, Alvor, Aljezur, Loulé, Quarteira and Sagres.
However, the competition authority must still approve the deal.
Meanwhile, Jerónimo Martins, owner of Pingo Doce, is also in talks to acquire a number of the Alisuper stores, according to Diário Económico.
In March, it was revealed how Alisuper was facing financial problems with suppliers limiting supplies to stores due to unpaid bills, while the 340 employees faced wage delays.
© 2015 European Supermarket Magazine – your source for the latest retail news.


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NLRB denies appeal of unfair labor practices charge against Hawaiian Telcom
- Staff Pacific Business News
Hawaiian Telcom Holdco Inc. said Tuesday that the National Labor Relations Board has conclusively dismissed an unfair labor practices charge filed by the International Brotherhood of Electrical Workers Local Union 1357.
In May, the board dismissed the charge of not bargaining in good faith that the union had filed against Hawaiian Telcom (Nasdaq: HCOM) for the company’s implementation of a contract that union members had rejected.
In a letter dated Aug. 17, the NLRB denied an appeal of that dismissal, saying the evidence supported the contention that negotiations had reached an impasse before Hawaiian Telcom implemented the last, best, final offer.
“As a result of the dismissal, the terms of employment will remain in effect for the company’s union-represented employees,” Hawaiian Telcom said in a statement. “Informal discussions between the company and union are ongoing regarding the possibility of entering into a collective bargaining agreement in the future.”
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The Legend of Zelda for Wii U will be playable for the first time at E3
5th May, 2016 – Nintendo will transform its booth at the E3 video game trade show next month in Los Angeles to immerse fans in the world of the newest game in The Legend of Zelda franchise – playable for the first time ever at the show. To ensure attendees are able to truly experience the freedom of exploration the game offers, The Legend of Zelda for Wii U will be Nintendo’s focus of the show this year, and will be the only playable game in Nintendo’s booth via extended demos.
Nintendo’s kick-off to the E3 show happens at 17:00 UK time on Tuesday 14th June, when Nintendo of America President and COO Reggie Fils-Aime introduces Nintendo Treehouse: Live, which will be dedicated to a day of live-streamed gameplay of The Legend of Zelda. This will be the world’s first in-depth look at the game, which will also include commentaries by Nintendo developers. The Legend of Zelda gameplay will be streamed from the E3 show floor via Nintendo's Twitch channel and will include game coverage, behind-the-scenes info, and plenty of fun.
Series Producer Eiji Aonuma has said that this new instalment in The Legend of Zelda franchise will be a clean break from the conventions of previous games, removing boundaries that forced players to follow a set path and introducing new gameplay that has not been experienced in previous games in the series.
To stay informed about Nintendo’s presence at E3, visit Nintendo of America’s website at http://e3.nintendo.com


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Holy mackerel, Batman! A shortseller called Gotham City Research has triggered a 40 per cent plunge in the shares of Quindell, darling of the bulletin boards. That represents a fat profit for the sceptic named after the home of Bruce Wayne and a whacking loss for bulls. The fragility of shares in growth companies with arguable earnings is thus epitomised.
The UK’s baroque libel laws preclude Lombard from debating the credibility of Gotham City’s allegations. However, Quindell’s own 2013 accounts are not off limits. These show the group generated cash of just £10.4m from operations. After deductions, that fell to a negative £8.9m.
The quantity of hard money coursing through Quindell’s veins is strikingly small for a group that reported pre-tax profits 200 per cent higher at £82.7m on sales of £380m.
The Aim company, led by founder Rob Terry, says it has been investing for growth. But Gotham City would have less traction if the complexity of its prey did not also foster uncertainty.
Quindell, which aspires to join the FTSE 250, is active in motor insurance claims management, a business exposed to tightening regulation and the iron whims of insurers. Quindell also sells software, a product where some fine judgments have to be made over revenue recognition. A third string to its bow is telematics. And as anyone with a dead satnav unit in their car glovebox knows, obsolescence can be a problem here.
There can be no doubts concerning the objectivity of Gotham City, which is more Joker than Caped Crusader. As a short, it has none. But it would have a job to destabilise a big, straightforward business that generated lots of cash. In that sense, Gotham and Quindell deserve one another
Apothecaries vs boffins
Got a sniffle? GlaxoSmithKline can soothe your runny nose. Got cancer? Then Novartis may be able to save your life. GSK is swapping its oncology business for a net $9bn and the consumer and vaccines divisions of the Swiss drugs group.
Seeking a cure for the Big C is the traditional test of virility for a big drugs group. By partially withdrawing from that battle and paying out £4bn to investors, GSK signals two messages. First, that pharma giants need to specialise in targets for drug development as paybacks drop. Second, that as the industry consolidates, the diversified model pursued by boss Sir Andrew Witty will be a winner.
Selling Savlon and nicotine patches may look prosaic to a research-driven fundamentalist such as Pascal Soriot, boss of AstraZeneca, which Pfizer has aspired to buy. But as proof of high failure rates, the total projected revenues of anti-cancer drugs under development have sometimes exceeded world pharmaceutical sales.
Novartis must believe that GSK treatments such as Mekinist for skin cancer are pretty special. It is paying up to $16bn for the division, seven times forecast 2014 sales and four times peak expected revenues. The 63.5 per cent stake GSK is taking in the consumer joint venture is, meanwhile, smaller than its 72 per cent contribution to sales would justify, though that may reflect lower profitability.
Sir Andrew says the deal will cut costs, raise earnings and focus GSK on respiratory diseases, vaccines, HIV and consumer products. The list of other GSK businesses is still long. But there will be further disposals. And it is good to see the group seizing the initiative after a period when the share price has been pushed sideways by corruption allegations.
Our lives are measured out in greetings cards, from congratulations on our first, lung-clearing wail to condolences on our last gasp. That emboldens Card Factory, which sells the items, to trumpet the robustness of its sales as it prepares to float at an equity value of over £700m.
The line would be more convincing if Clinton Cards, a rival, had not gone into administration in 2012. The group took on too many costly leases, a peril Card Factory should beware of as it seeks to expand from 733 to 1,200 stores.
It may help that Card Factory targets low-budget shoppers. The group claims to keep costs down by designing and printing its own products. Thanks to Photoshop, limited skill is needed to superimpose a party hat on a snap of a chimp these days.
Would-be investors should ponder affordability as carefully as Card Factory’s own customers do. The mooted rating is about 10.5 times 2014 underlying earnings to enterprise value.
This does not look excessive in today’s toppy market. But investors should be alert for tapered capex. Cards offering “commiserations on your mediocre investment” are not available. If they were, nobody would want to get one.
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TAG FinTech Society Names Payroc 2020 ADVANCE Award Winner
Sponsored by Secureworks, The Technology Association of Georgia (TAG) announced Payroc as one of six 2020 TAG FinTech ADVANCE award winners on July 16, 2020. This year’s winners represent established companies with proven innovative FinTech solutions touching lending, accounting, digital payments, security, processing and other sectors. These companies deliver measurable results and also have a connection to Georgia such as a physical presence, a strategic partner relationship, customers, board members or other affiliations.
The winning companies include:
- Autobooks – Detroit-based Autobooks is a provider of small business banking solutions that make it simple to get paid online, manage cash flow, and automate accounting. Through Autobooks, financial institutions can provide a small business e-commerce platform directly embedded within their existing digital banking channels. Please visit www.autobooks.co to learn more.
- CULedger – CULedger is a credit union-owned CUSO (credit union service organization) that is creating the premier platform of digital exchange for financial cooperatives globally. In working through a national consortium made up of credit unions and trusted industry investors, CULedger has pioneered new developments related to global self-sovereign decentralized identity, MemberPass™, that will further enhance the trust credit unions have with their members. CULedger provides advantages to credit unions and their members by reducing risks associated with cybersecurity and fraud, improving member experience, streamlining internal processes, and reducing administrative and operational costs. To learn more about MemberPass™, visit www.memberpass.com or follow the company on the CULedger Facebook, LinkedIn or Twitter.
- DefenseStorm – DefenseStorm provides cybersecurity and cybercompliance solutions specifically built for banking to achieve and maintain Cyber Safety & Soundness. The DefenseStorm GRID™ is the only co-managed, cloud-based and compliance-automated solution of its kind, operating as a technology system and as a service supported by experts in FI security and compliance. It watches everything on a bank or credit union’s network and matches it to defined policies for real time, complete and proactive cyber exposure readiness, keeping security teams smart and executives accountable. DefenseStorm is a NAFCU Preferred Partner for cloud cybersecurity.
- NCR – NCR Corporation (NYSE: NCR) is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Ga., with 36,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
- Ondot – Founded in 2011, Ondot provides more than 4,500 banks and credit unions with a digital card services platform to drive cardholder engagement. From community issuers to top global banks, Ondot enables financial institutions to offer in-the-moment convenience, control, and transparency for credit and debit cards, leading to higher usage, lower cost, and reduced fraud. To learn more about Ondot Systems, visit www.ondotsystems.com.
- Payroc – Payroc is a high-growth merchant acquirer, processor and payment facilitation powerhouse operating in 46 countries, processing $23 billion in annual charge volume for more than 55,000 merchants. The company offers best-in-class sales enablement and merchant processing technology on a global basis, delivering proprietary, innovative and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations. For more information, please visit payroc.com or telephone 844-PAYROC-4.
“The 2020 TAG FinTech ADVANCE Award applicants and winners showcase the breadth of FinTech talent and innovation that lives in Georgia,” says Larry K. Williams, President & CEO of TAG. “It was challenging for our judging committee to select just six winners, but we are excited about highlighting these impressive companies as we head into FinTech South in October.”
“Whether companies are based here or just have a presence, Georgia’s role in furthering the financial technology industry is unquestionable,” said Sean Banks, Chair of TAG FinTech Society. “The ADVANCE Award winners represent established companies that continue to invest in new ways of improving how people and companies access capital, protect their data and better their financial situation.”
“TAG Awards are very prestigious within the financial technology community, and we are so thrilled and proud to win this year,” says Adam Bloomston, Chief Strategy Officer of Payroc. “Our company is absolutely thrilled to receive a 2020 TAG FinTech ADVANCE Award . In addition to merging earlier this year, we have diligently and continuously made improvements and feature updates to our processes based on our clients’ valuable feedback. Our goal is to become the clear leader among payment solution providers, and we are well on our way to this achievement!”
To learn more about the awards, please visit: https://www.tagonline.org/tag-fintech-advance-awards/


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Few people will stoop to pick up those pennies that are dropped (or thrown) on the ground these days, and there’s a reason: The coins are practically worthless unless you’ve got a ton of them, and almost no one besides a numismatist will argue that point. So why does the government still insist on making them?
The cost of minting each penny, which is now 97.5 percent zinc and only 2.5 percent copper, rose to 2.4 cents last year. Thus the government spends $100 million annually to create what, for most people, is mostly a nuisance. Yes, pennies occasionally come in handy to pay sales taxes, but you can’t actually buy anything — even a gumball — with them anymore. And with increasing numbers of consumers using plastic to pay for their purchases, there’s less need for pennies than ever.
In Canada last week, where the currency is virtually on par with ours, the government took the first step in phasing its penny out of circulation: It minted its last cent. According to a Wall Street Journal story, the country will continue distributing its inventory of remaining pennies for the next few months, while Canadians are encouraged to reduce their own stockpiles by donating them to charity. Then the government will embark on a plan to take the coins out of circulation, melting them down and selling their component metals (4.5 percent copper and 95.5 percent steel). The move will eventually save the Canadian government $11.15 million annually.
We’d like to see the U.S. government follow suit, not just because of the savings but the quality-of-life issue. There’s just no point in pretending that pennies have value, and carrying them around just to round off sales to the nearest nickel — or getting a bunch of them back when paying for something with larger coins — is a pain.
At the very least, to save money the U.S. should alter its penny’s composition, using steel instead of zinc and copper, as was done briefly during World War II. That wouldn’t save a lot, just 0.4 cents per coin, but it would be better than nothing.
Best of all would be to kiss the penny goodbye. Letting retailers round up or down to the nearest nickel wouldn’t be a burden on anyone, or very inflationary: some sales would round up, others down.
Maybe there’s even a way for those cents in the middle to be donated to charity. Then there would be no incentive for anyone to game the system, and the windfall would go to a worthy cause.


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Nigerian models and designers desirous of raising their game and taking it global may have that opportunity on their lap already as organizers of Afro Model Awards, UK beams its search light on African talents.
Established in 2011 by three partners, Afro Model Awards seeks to recognise, acknowledge and reward excellence of models, agencies, personalities, designers, and innovators throughout the fashion and style industry.
Although the event features a lot of white and mixed race from countries like Barbados, Jamaica among other, the award is expanding to feature more African talents. According to co-founder, James Durodayo Jegede who is of Nigerian/ Jamaican origin, the award is specifically created for black talents.
“We created it to suit the black anatomy with categories like Best Behind which is one of the most talked-about in Afro Model Awards. The process is transparent and can be followed on www.afromodelawards.com. Our winners have leveraged on the fame from the Afro Model platform for international breakthrough appearing in videos for renowned pop stars like Nicki Minaj,” he explained.
Continuing, he added, “It has been running for five years in the UK but we needed to build the brand to enter mainstream in the UK. We have had a lot of Nigerians participate individually but now, we want more Nigerians to participate. This is the right time to get the most populous black nation fully involved in the Afro Model Awards, UK project. We are in Nigeria to interact with the modelling industry.”
At the 2016 which held on Sunday May 29 at Crown Moran Hotel, London, attraction includes music performance by wave-making West London sensation, WSTRN. Others include Live Catwalk Show, UK Model Search, Fashion Exhibition, Awards Show, Music and Comedy. The award has been witnessed by Mayor of Hackney and Hempstead
Aside the Best Catwalk category which is a live event endowed with cash prize, other categories are to be nominated. Other categories will reward photographers, makeup artists, agencies, designers, beauticians, accessories designers, magazines, personality, fashion blogs, fashion events and so on.
Buttressing on the need for Nigerians to participate more fully in the annual event, he said, “We are here in Nigeria to solicit for the support of the Africa’s most strongest and influential black nation in the world. We have done this for five years in London and it is an award every black in London picks interest in but we have realised that without a strong participation and support from Nigeria, Afro Model Awards is likely to fail in future. So I am here to get more blacks, especially Nigerian models to participate in Afro Model Awards in a full and functional level because Nigeria has got what is required to add more credibility of Afro Model Awards. And at the same time, we want to give Nigerian models the opportunity to come down to UK and participate in the event.”
Jegede who said he has got a lot of international modeling agencies calling for black models, noted, “Such opportunities can go for Nigerian models who are good and that in turn can boost the GDP in Nigeria. We are a beautiful people and we export a lot of things and so I want Nigeria to add fashion and style as part of its exports. So I want to call for more participation by Nigerians and also to solicit for support from stakeholders while interested persons should log into www.afromodelawards.com for more information.”


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Representatives from one of the world's largest professional networking sites has picked Montgomery County to be the first stop on a 'Linkedln Live' tour.
Whether you're trying to get a job or find the right person to hire, there's no better way to go than getting on LinkedIn, says Charlie Jewell, the project manager for the Montgomery County Economic Development Department.
"Linkedln will have a big impact on Montgomery County," Jewell says. "Having a company of their stature actually pick us to host the first 'Linkedln Live' event, out of anywhere in the U.S., is going to certainly help us elevate our national profile."
Linkedln is hosting the event Thursday at the Inn at Virginia Tech in Blacksburg.
The goal is to help small businesses and start-ups in the region grow their businesses.
At the event, people in our area will get to see one of Linkedln's newest products, not even out on the market yet. One, 'Linkedln Maps,' allows you to see an map of all your connections with people around the world.
Derick Maggard, the executive director for the Roanoke-Blacksburg Technology Council, is working with the Montgomery Economic Development Department to host the event.
He says Linkedln's choice in Montgomery County further proves the area is becoming a hub for technology.
"Linkedln will help us take it to the next level," Maggard says.
Maggard says these business leaders will really be learning from a site known as a global powerhouse to those in the tech world.


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FC Bureau Social media influencers have changed the way brands promote, market and advertise their products Meet the social media stars Yaas,... ...http://www.mydigitalfc.com/fc-weekend/social-media-influencers
Sarakkalvilai in Kanyakumari basks in the glory of its most famous son.Rediff.com's A Ganesh Nadar reports. IMAGE: Sweets being distributed at the... ...http://www.rediff.com/news/2018/jan/15the-village-that-gave-india-its-new-isro-chief.htm
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Around The Mangoes is a new...
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The Washington Post reports that the four most recent FDA commissioners have warned Congress that American patients will suffer if they import drugs from other countries, citing fake, substandard and contaminated drugs as potential consequences.
The Margolis Center for Health Policy at Duke University posted the letter, which was signed by Robert Califf and Margaret Hamburg, who were Barack Obama appointees, and Andrew von Eschenbach and Mark McClellan, who were appointed by George W. Bush.
According to the Post, Califf warned in a recent interview that “the vast majority of Internet sites that advertise as being Canadian are actually based in South America, Eastern Europe and Russia. Consumers have no reliable way of knowing where the drugs actually come from or what’s in them. Nor can recipients be sure they’re getting what they ordered.”
The former commissioners warned that the FDA will not have the resources to police the imported drugs: “Obtaining sufficient resources and expertise to screen and verify the authenticity of every product destined for American consumers presents enormous challenges.”
The current nominee for FDA commissioner, Scott Gottlieb, a physician, agrees with the letter. He wrote in Forbes in March 2016 that having studied the issue, safe regulation of foreign drugs “would have added so much cost to the imported drugs, they wouldn’t be much cheaper than drugs sold inside our closed American system.”
Read the entire letter:
March 16, 2017
To Members of Congress:
As former Commissioners of the U.S. Food and Drug Administration, we have been following with concern the recently renewed debate about the importation of therapeutic drugs as a measure to reduce the cost of prescription medications. Importation proposals seek to make lower-cost but genuine, safe and effective drugs available to U.S. consumers, however this is not such a straightforward task. In fact, we believe that such importation represents a complex and risky approach—one that the evidence shows will not achieve the aim, and that is likely to harm patients and consumers and compromise the carefully constructed system that guards the safety of our nation’s medical products.
One of the FDA’s most important responsibilities is to ensure that medications used by Americans are safe, secure, effective, and reliable. For nearly 80 years, the Federal Food, Drug and Cosmetic Act (FD&C) has granted the FDA the authority that allows it to take needed action to protect consumers. The “closed” distribution system undertaken by the FDA under the direction of broadly supported drug safety legislation, provides assurance that good manufacturing practices are used and that the increasingly complex supply chain, including shipment and storage, is carefully monitored to ensure the quality and security of approved medications.
The American public and members of Congress have expressed serious concerns about access to and costs of prescription drugs, particularly innovative therapies with major benefits for people with serious diseases. We share these concerns, and believe we need better systems that enable affordable access to life-saving medicines. However, routine importation from foreign countries is not the right approach. Allowing importation of drugs purported to be manufactured overseas in FDA-inspected facilities and drugs purported to be manufactured domestically for export to other countries and reimported from those countries to the United States can not meet the requirements under the existing closed drug manufacturing and distribution system because the drugs could not be tracked and certified by the manufacturer.. Such a program would be very different from importation of consumer products like watches or clothing, where consumers can more easily discern quality and where there are no health consequences of fake products. It could lead to a host of unintended consequences and undesirable effects, including serious harm stemming from the use of adulterated, substandard, or counterfeit drugs. It could also undermine American confidence in what has proven to be a highly successful system for assuring drug safety. The major shortcomings of a broad-based importation scheme include:
* Serious risks to patients and consumers. Current law permits drug importation if the FDA determines it can be done safely. In unusual circumstances, such as a major shortage of a generic drug for which there is urgent need, the agency has permitted importation in close cooperation with the manufacturer. However, none of us, acting in our roles as former FDA Commissioners, were able to conclude that a wider policy of routine importation would increase access to safe and effective drugs for the American public.
* Drugs purchased from foreign countries may be substandard, unsafe, adulterated, or fake. Americans who currently use the internet to purchase drugs from outside the U.S. are likely receiving medicines that are either of substandard quality, adulterated, or fake. Since 1999, the FDA has conducted investigations to curb online sales and distribution of such products. Through massive efforts that involve multiple regulatory and law enforcement agencies from 115 countries, these efforts continue to uncover websites illegally selling unapproved, potentially dangerous prescription drugs to U.S. consumers, including numerous sites claiming to sell Canadian drugs despite evidence that the drugs originated elsewhere.
Given the enormous volume and complexity of imports to the U.S., obtaining sufficient resources and expertise to screen and verify the authenticity of every product destined for American consumers presents enormous challenges. Even if spot-checking discovered a dangerous or counterfeit product, in the absence of the closed system currently in use, there would be no way to trace that product to its origin or intervene to protect other consumers before irreparable harm occurs. This is not a trivial problem: global experience confirms that illicit, ineffective, or adulterated products are readily available on the open market and represent one of the most lucrative avenues for organized crime. And beyond the immediate safety threat to patients and consumers, such products also create economic harm, as patients wasted money on drugs that are either partly or wholly ineffective.
* The FDA lacks the resources needed to oversee a major importation program. It is conceivable that if extraordinary new resources were allocated to the FDA, it might oversee a major program of drug importation. But there are many far more urgent priorities for FDA reform that would have much greater benefits for Americans, including more effective ways to improve access to safe drugs. Further, we see no indication that Congress plans to commit the resources needed for this purpose.
* The global drug supply system will limit improvements in access. Drugs are distributed to countries in allotments that are based on the needs of their respective populations, so only a limited supply of drugs would be available for importation, at best. For this reason, importation is unlikely to achieve real impact on the supply to the U.S. market, and could even exacerbate problems by increasing the likelihood of counterfeit or unsafe products.
* Any improved access and cost savings resulting from importation are likely to be minimal. Studies examining this issue have estimated that importation would likely have only a small, incremental effect on cost and access for drugs in the U.S. market; further, these small savings might not be passed on to patients, even if consumers are able to obtain a legitimate imported drug.
There are far better ways to improve access to safe and effective drugs. We believe Congress should consider other approaches to address problems with current drug pricing, and take steps to bring down drug costs and health care costs more generally. We all support drug payment reforms that align payments with results and development of improved guidance for industry to enable timely approval for complex generic drugs and “biosimilar” therapeutics. The bipartisan Generic Drug User Fee Amendments Program, authorized by Congress in 2012, offers a successful model for such efforts. The program has promoted substitution of generic drugs, such that nearly 90% of prescriptions are now written for generic drugs that are safe, effective, and have yielded major savings for consumers. While we have some differing opinions about optimal approaches to the problem of high-priced drugs (such as government negotiation with manufacturers, or expanded use of competitive models of drug payment), we all strongly support attention to implementing effective solutions for drug costs and innovation. We urge Congress and the many others concerned about the cost of drugs to deal directly with the issues driving the cost of medicines and not to place false hope in measures that will place patients who need treatment at risk and jeopardize public health.
Robert M. Califf, MD
Margaret B. Hamburg, MD
Mark B. McClellan, MD, PhD
Andrew Von Eschenbach, MD


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OT - Intel Stands Behind Controversial Tests That Favored Its CPU Over AMD's
It's a basic rule of benchmarking. When you're comparing two competing products, you need to make all the testing conditions -- especially the settings -- as similar as possible. Otherwise, you're just comparing apples to crab apples, which is what may have happened in a recent benchmark report that showed Intel's new Core i9-9900K outperforming AMD's Ryzen 7 2700X in several games.
As part of its Coffee Lake Refresh launch, Intel paid test firm
Principled Technologies to benchmark its new processors and
compare them to chips in AMD's current lineup (PDF).
Unboxed spotted a few test conditions that obviously could
skew the results in favor of Intel's processor, including using a
less-capable CPU cooler on AMD's chip, overclocking the RAM on
Intel's platform only, and disabling half the cores on an AMD
TRUST THE PLAN


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NEW RULES for cheque payment: Here’s what is changing
The new fiscalization rules have also brought about the change in the rules related to cheque payments. The bottom line is that a separate receipt is issued for each cheque.
As stated in the last newsletter of the Ministry of Finance, when buying with cheques, a seller issues a fiscal receipt after each maturity of an instalment.
The newsletter also gives an example:
A company subject to fiscalization sells a chest of drawers in six monthly instalments. On April 18, 2022, a buyer handed over six cheques to the seller. The following cheque issuance dates are agreed: April 29, May 29, June 29, July 29, August 29, September 29, 2022. The delivery of the chest of drawers will take place on June 3, 2022. The company that is subject to fiscalization (the seller) has the obligation to issue a fiscal receipt for the advance payment to the buyer on April 29, 2022, a fiscal receipt for the advance payment on May 29, 2022 and a fiscal receipt for the turnover on June 3, 2022, the newsletter reads.
What are the other rules?
For many Serbian citizens, cheques are still one of the regular and favourite means of payment. For banks, however, they are not very cost-effective, so most of them are trying to reduce their use, which is why the limit of RSD 5,000 for cheque payments has not changed for 13 years.
Furthermore, the new Rulebook stipulates that although a seller issues a receipt to a buyer in printed form through the new fiscal cash register, there is an alternative, i.e. these fiscal receipts can be delivered electronically with the consent of the buyer, who can freely request this.
Similarly, in these fiscal receipts, sellers do not have to show detailed item specifications, but can only enter the number of the pro forma invoice or contract on the basis of which a buyer made an advance payment.
Izvor: BIZLife, Nova/Kurir


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You could be ingesting the active ingredient in Monsanto's Roundup for breakfast, per a report identifying traces of the chemical glyphosate in Cheerios, Quaker Old Fashioned Oats, and Great Value Instant Oats, plus more products marketed to kids. The nonprofit Environmental Working Group tested 45 oat-based products like granolas and snack bars and found glyphosate in all but two, including organic products. Thirty-one exceeded 160 parts of glyphosate per billion, a level the EWG considers unsafe for children, per CNN, though the EPA's standard is far lower, with its range topping out at 310 parts per million. "Even at the highest level reported… an adult would have to eat 118 pounds of the food item every day for the rest of their life in order to reach the EPA's limit," Monsanto tells CBS News.
EWG President Ken Cook has a political response, saying this shows the EPA's "lawless" nature under President Trump. Its standards "pose real health risks to Americans–particularly children," he tells the Guardian, which hints at a larger issue, noting internal emails show the FDA has had a hard time finding food without traces of the nation's most widely used herbicide, labeled a "probable carcinogen" by the World Health Organization. (Ice cream has it, too.) Cook says he'll push the EPA to limit glyphosate use on food crops but companies "relying on outdated safety standards" should also "step up." Quaker, Kellogg's and General Mills each maintain their products are safe, with glyphosate levels below EPA limits. (Monsanto was just dealt a heavy blow regarding the chemical.)


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iOS 13 brought a large number of different modifications. Some of them focused on improving the security of user data and the elimination of “old” vulnerabilities. For example, today it became known that Apple has restricted developers to some reports from Contacts.
For many years, information security experts warned users that they would not leave the notes of your contacts any personal information. This was due to the fact that such records were stored in the clear (without encryption).
However, all this did not stop Apple device owners. They wrote and continue to write in the notes to individual contacts a variety of information, from codes and passwords from Bank cards to personal notes. Third-party developers could get access to all this information. To do this, users just need to allow the app access to your Contacts.
IOS 13, the situation changed. Within WWDC 2019 cupertinos noted that notes in Contacts may contain personal or confidential information. Thus, they restricted the access to this field. However, in some cases, Apple may remove this restriction. To do this, developers need to provide good reason.


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Walmart’s latest push to recruit for and retain its private fleet of about 12,000 drivers are six-figure salaries and a 12-week training program.
WATCH the video announcement:
According to spokesperson Anne Hatfield, $87,500 was how much an average driver at Walmart made by now in their first year.
Hatfield said that there were seventeen drivers who have graduated from the training programs in Sanger, Texas, and Dover, Delaware. She added that Walmart picks up the cost of earning a commercial driver’s license, which can be $4,000 to $5,000, and pays drivers hourly while they train.
She also said that drivers who graduate from the program are not required to work for Walmart for any set amount of time or repay the costs if they quit.
So through its new Fleet Development Program, Walmart hopes to train between 400 and 800 new drivers. Walmart also plans to expand its program this year to more supply chain workers and, eventually, to all company associates, as currently, it is open only to supply chain associates at or near the Sanger or Dover facilities.
This could provide a path to higher-paying jobs for those interested in driving a truck.
In Walmart’s supply chain, the average hourly wage was more than $20 an hour, compared to about $16.40 an hour for store workers and “a little bit higher than that” at Sam’s Club, CFO Brett Biggs said.
Hatfield said that 4,500 truck drivers were hired by the company in 2021, more than at any point in the company’s history.
“We will continue to hire based on need to support growth of the business,” said Hatfield.
Employers are being pushed to raise wages and provide other incentives because of fierce competition for drivers and high inflation.
According to the American Trucking Associations, employers are attempting to fill roughly 80,000 driver jobs across the trucking industry.


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Sustainable innovation recognized at the Canadian Food Summit
Kristy NuddsFood In Canada Canadian food summit
Renamed the Canadian Food Summit for 2019, the 54th Canadian Institute of Food Science & Technology’s (CIFST) national conference took place in Halifax, N.S., May 22 to 24 at the Westin Nova Scotian.
The theme of CIFST’s annual gathering of food science and technology professionals this year was sustainable innovation and featured thought-provoking sessions on topics such as emerging ingredients, nutrition and health, food processing, consumer attitudes, global food security, food safety, sustainable food systems, and food policy.
The conference offered food and beverage professionals plenty of networking opportunities, including a tour and a visit to the nearby Alexander Keith’s brewery. Plenty of time was allotted for attendees to speak with table-top vendors and students from academic institutions across Canada about their poster board displays.
The innovation theme was further highlighted by three excellent plenary speakers: Sylvain Charlebois, a professor in food distribution and policy at Dalhousie University, who gave an interesting talk on the plant-based eating trend and Canada’s new Food Policy; Stuart Smyth, research chair in agri-food innovation, University of Saskatchewan, gave attendees insight into how food and agriculture innovations are impacting global food security, and closing speaker Tareq Hadhad, CEO and founder of Peace by Chocolate, gave a heart-tugging speech on his family’s journey to Canada from war-torn Syria and how they established their thriving chocolate business in Antigonish, N.S.
CIFST also announced the 2019-20 board of directors after it held its annual general meeting of the members on May 23 during the summit:
The 2019-20 CIFST board of directors includes:
President – Mr. Robert Kowal, Kriscor & Associates
Past President – Dr. Michael Nickerson, University of Saskatchewan
President Elect – Dr. Amy Proulx, Canadian Food and Wine Institute at Niagara College
Mr. Louis Ayotte, Barry Callebaut Canada Inc.
Dr. Steve Cui, Guelph Research and Development
Mr. Nasir Hameed, Acadian Seaplants Ltd.
Dr. H.P. Vasantha Rupasinghe, Dalhousie University
Ms. Jenny Tian, Canada Bread/Grupo Bimbo
Dr. Yvonne Yuan, Ryerson University
The top three student research posters are recognized annually by CIFST. Wasitha Thilakarathna, a PhD student in agricultural sciences at Dalhousie University, was the recipient of the first-place award in the graduate student poster competition at the 2019 Canadian Food Summit. His presentation was titled, “Postbiotics of proanthocyanidins exhibit cancer-preventive properties.” Second place was awarded to Divya Srinivasan from McGill University, for her poster “The type of dietary nanoparticles influences salivary protein corona composition and functions of protein enzymes.” Third place was award to Tiffany Fillier from Memorial University, for her poster titled “Elevated levels of short-chain fatty acids produced during gut dysbiosis is neurotoxic to brain cells.”
CIFST is the national association for food and beverage sector professionals. Its membership of approximately 1,000 individuals is comprised of scientists and technologists in industry, government and academia who are committed to advancing food science and technology. The 2020 Canadian Food Summit will be held in May in one of the Prairie Provinces. The location and program will be announced in the late fall. For more information, visit cifst.ca.
10 July/August 2019
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Euro 6 is a European Union regulation that sets emission standards for vehicles. “Euro 6 will make diesel cars as clean as gasoline cars,” says Dr. Rolf Bulander, the member of the board of management of Robert Bosch GmbH responsible for powertrain tec. . .
Chrysler Group's Ram pickup outscores Ford and Chevrolet's full-size trucks when it is equipped with a new diesel engine, Consumer Reports magazine says. The Ram 1500 with the V-6 EcoDiesel engine not only saved substantially more fuel than similar mod. . .
At the recent 2014 CAR Management Briefing Seminars in Traverse City, Mich., a General Motors (GM) executive predicted that the percentage of cars and light trucks employing diesel engines could jump to 10% by 2020. That number echoed similar forecasts fr. . .
There seems to be no letting up when it comes to recent declines in the average price of on-highway diesel, with it hitting its lowest level since July 2013. It has fallen for the eighth consecutive week, according to the U.S. Energy Department, down 1. . .
As diesel engines became cleaner, the government cut the diesel surcharge progressively to 40 Singapore cents per cubic centimetre currently. But the biggest boost to diesel was the CEVS, and the reclassification of COE Category A for small cars. CEVS. . .


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JUNEAU (AP) -- Consumers could get free credit reports under a bill that passed the Senate on Tuesday.
The bill's sponsor, Sen. Hollis French, D-Anchorage, said if consumers can easily keep tabs on their credit reports, they may catch identity theft early.
Senate Bill 64 would require credit reporting agencies to provide one free credit report a year to consumers. French has said it cost him about $30 to check his own credit report with three national reporting agencies.
The measure passed the Senate unanimously and now goes to the House, where a similar bill is in the House Rules Committee.
© 2018. All Rights Reserved. | Contact Us


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Tanya Byron, author of the 2008 report that called for a unified and detailed classification for video games, has echoed her words in that report once more, saying that parents must be responsible for their children's gaming habits, and that such responsibility cannot be "subcontracted" to the industry itself.
"When I did the review in 2008, I didn’t see a cynical industry that was there to create games just to exploit and make money," said Byron. "The industry has always been very clear with me, in a very genuine way, that adult content is created for adults – it’s not created for kids."
We'll gloss over the bit where EA marketed an 18-rated game to American teens (see the vid above), but Byron's point is rather that her goal has always been about offering clarity regarding the creation of content and spreading consumer understanding.
“This has never been about putting the blame on the gaming industry. It’s actually, I think, to have a very simple, streamlined system which the games industry is working really clearly with to make happen and being really responsible about letting people understand the content they’re making and who it’s for.”
“But the gaming industry is fully supporting and enabling parents to get access to information wherever they can about these issues so fundamentally then it is all about the parents.”
Byron's point is that industry transparency can help to educate and empower parents, and that the industry as a whole should not be held to account for clearly marked adult material falling into the wrong hands.
“We cannot subcontract responsibility for how children play games to the industry,” Byron continued, “but I think now the industry has got a much clearer system what we see is an industry that’s being absolutely transparent about what they’re producing and how parents should be thinking about it when their kids are playing.”
“And now it’s fundamentally about educating and empowering parents because that’s where the regulation really lies when it comes to children and gaming.” [Metro]
Byron's right in a way, but we're a pretty cynical bunch here at Dealspwn. And as much as these new classifications help to create more transparency, which can only be a good thing, we rather hope that certain publishers and their marketing departments take note as well.
How about you guys? Let us know your thoughts on the matter below.


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Micromax has expanded its Canvas series of smartphones by launching a new Android smartphone, Canvas Juice 3, priced at Rs 8,769. The phone has gone on sale online, however, it hasn't been listed on company's website yet.
The dual-sim smartphone features a 5-inch (720x1280p) HD IPS display with Corning Gorilla Glass 3 and runs Android 5.0 Lollipop.
Powered by a 1.3GHz MediaTek (6580) processor and 2GB RAM, the phone has 8GB internal storage and can support microSD cards of up to 32GB.
Micromax Canvas Juice 3 packs a 4,000mAh battery and sports an 8MP primary camera with LED flash and a 2MP secondary camera.
Photo credit: Indiatimes
Bihar reels under floods with 67 people killed and 46 lakh people affected in the last few days, but state Deputy Chief Minister Sushil Kumar Modi seems to have different priorities. Sushil Kumar Modi shared photographs of him meeting with actor Hrithik Roshan, who was in Patna to promote his upcoming film Super-30.
Priority film not floods?


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Big box electricals retailer Currys has told customers that will recognise Frank Lampard’s controversial World Cup goal against Germany that was ruled out by the referee, robbing England of certain victory in Bloemfontein last Saturday.
The chain had offered all customers who spent 599 or more on an HD TV in the build-up to the World Cup 10 back on each goal scored by England in the finals.
Seeing as Lampard’s strike would have been only England’s fourth goal of the tournament, following Gerrard’s effort just four minutes into their opening match against the USA, Defoe’s against Slovenia and Upson’s header against the Germans, the retailer is still getting off very lightly.
Like every other England fan, and pretty much every person around the world who watched the match, we believe that Frank Lampard scored a legitimate goal on Sunday,” marketing director Niall O’Keeffe stated.
We promised our customers 10 back for every goal the team scored in the World Cup and we stand by that so we’re officially recognising it and will be giving all eligible customers a free 10 gift voucher for the goal that got away.
England may have got the red card – but our customers will get a gift card. Although it’s no consolation for an early World Cup exit we’d like to give a bit back to the fans who’ve had so little to cheer about over the last couple of weeks.”


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In a meeting on July 21 with industry representatives, the Ukrainian Prime Minister Volodymyr Groysman supported the idea of creating a fund of funds to develop innovation the country.
The government will draft the concept in connection with the Council of Innovations, which should be launched shortly. Should the plan be finally approved, the state budget could potentially contribute to the fund of fund, Groysman said.
High-level networking event to gather tech companies and investors from across Europe (Monaco, Oct. 5-6)
Small and big startups from Eastern Europe, including pre-IPO ones, have an opportunity to present themselves to a bevy of high-level international investors, tech journalists, and financial analysts in Monaco on October 5-6 in Monaco.
Monaco Tech Invest will organize 30 pitches from select tech companies, and 300 one-to-one meetings to match some 150 attendees.
EBRD provides $5 million loan to Ukrainian poultry producer for more efficient and eco-friendly processes
The EBRD is providing a $5 million loan to the Ukrainian poultry producer Dniprovska Agri Group (DAG) for the construction of a biomass boiler, which will improve the company’s operational and environmental performance.
Located in Nikopol in the south of the country, the family-owned DAG is Ukraine’s third-largest poultry producer and is also active in oilseed crushing. The new biomass boiler will use poultry manure from the company’s farms and help optimize its energy-supply mix as well as reduce its operating costs.
Kitcast, a US-based startup with Ukrainian roots, has just secured $500,000 from Ukrainian investment fund SMRK, as confirmed to Ukraine Digital News by the company’s CEO Egor Belenkov.
Kitcast’s digital signage application for AppleTV uses machine learning algorithms to help its users “create and deliver smart content to any screen” with no need to use bulky and expensive hardware. The app makes sure that the right content is shown to the right people, which “increases your sales, brand awareness, and customer engagement,” the startup claims on its website.
The deal between CIG and Foodout’s investor, the Gold Fish fund, has resulted in the creation of Foodout Group.
Fintech startup Turnkey Lender has raised an undisclosed amount from Palo Alto-based Vertex Ventures, reports TechinAsia. Turnkey Lender gives financial services providers a cloud-based solution for managing the loans that they give to their clients and customers. It uses machine learning technology to analyze and assess loan applicants.
Launched in Ukraine by Elena Ionenko and co-founder Dmitry Voronenko back in September 2013, the startup later moved its headquarters to Brussels and secured a client base from across Europe.
Petcube, a Ukrainian-American startup which has developed a pioneering connected pet device, today announced the acquisition of PetBot, a Canadian startup operating in the same field. The amount of the deal has not been disclosed, but Petcube indicated that the company’s intellectual property and assets are being acquired.
PetBot presents its Indiegogo-funded device as “the only pet monitor that lets you interact with your pet from anywhere,” allowing you to give treats to your pet, see what they’re up to, get selfies sent to your mobile device.
As AI slowly seeps into various sectors, it was fairly inevitable that we would start to see the “AI for X” startups begin to appear. Thus “AI for small business social media” is now a thing, in the shape of PromoRepublic, a US/Finnish/Ukrainian startup which has now raised a $1.2M investment round.
More specifically, they bill themselves as a “WIX for a small business’s social presence”. So what does that mean? Effectively it’s a simple way to grow a small business with social media content.
SendPulse, an AI-powered email marketing service provider, announced it had acquired its Turkish counterpart Mailto in late May. Although the amount of the transaction has not been disclosed, SendPulse’s co-founder and CEO Constantine Makarov told Ukraine Digital News that Mailto has been valued at $300,000.
“As we are focused on the emerging and fast-growing markets, Turkey is a key market for SendPulse. We are planning to enter Mexico and China soon,” commented Makarov.
Earlier this month DroneUA, a Ukrainian integrator of unmanned technologies, attracted an undisclosed amount of funding from several individual investors from the UK, Poland and Moldova. The investment went through Agricultural Systems Studio, a Kiev-based agritech software integrator which represented the investor pool.
The funding will be used to create what the investors hope will become the largest provider of unmanned technology services for agriculture in the country.


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Mount Pleasant closed the cabinet door on another bit of nasty political infighting and petty vindictiveness last week when it gave a reprieve to a small cabinetry shop that has operated in the village before it was even a village.
On a unanimous vote — that was met with applause from the spectators present — the village Zoning Board of Appeals reversed a flawed 1992 closure order for Ron’s Custom Cabinets, 8312 Gittings Road, and said it would be allowed to continue operation as a “lawful non-conforming business.”
That means the shop owner, Ron Primuth, will be able to continue in business and the four employees in the small shop will continue to have work.
The vote came after Primuth’s attorney, John Bjelajac, argued to the board that the shop had been in operation since 1971 with a permit from the then-Town of Mount Pleasant and that the shop should have been grandfathered in to allow continued operation after town adopted zoning ordinances which would have precluded construction of such a business in residential area.
The shop had been in operation for about 20 years when it caught the attention of the Zoning Board in 1992 after Primuth constructed an illegal building addition — which he later tore down. The Zoning Board was looking to shutter the shop. Instead, in what was probably a well-meaning gesture, but a legally curious one, the board deferred a closure order until the year 2005, which would have allowed Primuth to continue running his business until he reached age 65 when he estimated he would be retiring.
2005 came and went. Primuth changed his mind about retiring — as many people facing retirement age do — and the shop continued to hum along building cabinets and providing kitchen and bathroom remodeling services to residential and business customers.
Then, politics raised its ugly head. Primuth’s wife, Juliet Primuth, a former Mount Pleasant town and village clerk who then was known as Juliet Edmands, spoke to the Village Board last October in opposition to delaying special assessments for residents along Highway V — the hugely controversial water and sewer project that had embroiled the village for months.
That was shortly followed by a complaint to the Zoning Board against the cabinet shop by community activist Kelly Gallaher.
“It was kind of ironic. She and her husband had received an unprecedented deferment to run an illegal business, yet she felt the people on Highway V should have to pay those assessments,” Gallaher said last spring. She said the cabinet shop should be forced to move to an area that was zoned for such commercial operations and also suggested it should have been fined $100 per day past the 2005 deferred closing date originally ordered by the zoning board. Those fines would have totaled more than a half-million dollars.
That’s a lot of cabinets.
Fortunately, the Zoning Board saw it differently last week, after hearing attorney Bjelajac’s arguments that the shop should have been grandfathered in as an existing use. He had previously argued the 1992 Zoning Board order was flawed because such boards are not empowered to insert an expiration date on a zoning variance.
With last week’s commonsense vote, Ron’s Custom Cabinets will continue to operate as it has for nearly a half-century. The village might want to consider ordering something with a pigeonhole for petty and vindictive complaints. It could probably get a good price.


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The economic potential for repeat business generated from a customer loyalty program is only as good as its perceived value to customers.
According to a recent IT Business article, there is a new customer rewards program on the block. Released by Rogers Communications, the Vicinity Rewards program is a cloud-based platform designed specifically for small to mid-sized businesses that enables business owners to not only create loyalty programs garnered for their customers, but to implement the program and track its success.
"Small businesses across Canada are looking for cost effective, turn-key solutions to drive growth in their business and establish meaningful customer relationships," said Fiona Lake Waslander, general manager of Vicinity, in a statement. "Vicinity integrates easily into businesses, providing a simple platform to drive return traffic and increase customer lifetime value while encouraging residents to support local businesses."
With increased sales comes an increased need for reliable and affordable inventory storage.
Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.


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Mumbai, September 29, 2017: Glocal Teen Hero is an initiation by Glocal Khabar (a concern of Glocal Pvt. Ltd.) to bring out the teenagers who are doing something from the shadows and create a ripple effect of motivation and impart a message that a lot can be done by anyone and also to appreciate and recognize the teenagers. It is a platform for teenagers to share their initiation, creativity, and enthusiasm which will then motivate them and more of the other teenagers in the nation to develop an entrepreneurial thinking.
Initiated from Nepal in 2015, it is the first ever program designed to recognize dedicated, passionate and innovative teenagers so as to encourage their initiatives. Bipana Sharma, a 17-year old child rights activist from Sunwal VDC in Nawalparasi, Nepal, Shantosh Lamichhane, a young scientist, and Sachin Dangi, social and scientific entrepreneur have already been felicitated with the Glocal Teen Hero title in the three subsequent years 2015, 2016 and 2017. Glocal Teen Hero Nepal has reached out to around 40000 teens with the a collaboration of 26 amazing Partners, ranging from UNDP, European Union, Nepal Tourism Board, Honda, Toyota, Indian Embassy, Cocacola and so on.
This is the first time the competition opened franchise, and India is the first country to host this competition outside Nepal.
Chatur Ideas will be hosting the competition from Mumbai, India. Chatur is one of India’s leading startup enabler platforms for raising funds, receiving mentoring, conducting entrepreneurship programs and succoring execution strategies for startups and entrepreneurs. Mr. Devesh Chawla, CEO, Chatur Ideas is delighted to get Glocal Teen Hero for the teenagers in India and says, this will be an approach to motivate Indian Teens with a Global Recognition.
Elated with the announcement, Asish Thakur, Executive Director, Glocal Pvt. Ltd. shared that Glocal Pvt. Ltd. is proud to open franchise of the competition to continue and grow the legacy set in Nepal. “We initiated Teen Hero competition just to show that teenagers also have a lot of capacity and are doing significant things that can benefit the nation. While we are making this announcement of going to India, we consider this as one step to make it a global movement,” he added.
The people from the age group of 13 to 19 can apply for the competition. Application for Glocal Teen Hero India is open and can be filled online at mumbai.glocalteenhero.com. The deadline for the submission of application is December 5, 2017.
The applicants in the competition will be judged by a 5-members jury team comprising of Mr. Devesh Chawla, Founder and CEO of Chatur Ideas, Mr. Dewang Neralla, Angel Investor and CEO of Atom Technologies Limited, Mr. Miten Mehta, Co-founder, Spinta Global Accelerator, Ritu Singh Vaidya, Former Miss India and Managing Director at VOITH Nepal, and Umasankar Nistala, Managing Director of a Fortune 100 Global Financial Services.
Top 6 finalists will be shortlisted for the final round of the competition on the basis of initiation and the impact of their work and will be interviewed individually to measure their personality, domain knowledge and vision. It is a platform for Indian Teenagers, Now, aged 13-19 years who are involved, initiators and achievers besides their school/college curriculum.
Award ceremony of the Glocal Teen Hero Mumbai edition will be held on 06 January, 2018 in the presence of recognized personalized from India and Nepal from different walks of life, such as diplomats, politicians, film stars, entrepreneurs, youth leaders and many more.
The fantastic 1, then titled as “Glocal Teen Hero”, will be given a chance to make a small documentary where they will share their inspirational stories and aspiration for future, and will be offered job shadowing and much more opportunities for their growth. The Glocal Teen Hero will also be recognized as one of the Fantastic Teenagers in the Global, with making steps forward to different countries as Franchise, says Ms. Cajol Jha, Project Head of Glocal Teen Hero Global.


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More iPhone users view their marriage to AT&T as one of convenience, and they're ready to untie the knot, Reuters news reported Wednesday.
Reuters cited a study from Deloitte which found that close to 50 percent of iPhone users said they'd be very interested in switching their service from AT&T to Verizon Wireless.
The online news site even quotes a Deloitte researcher as saying there would probably be "a number of defections" if another carrier takes on the iPhone.
AT&T has never officially said when the iPhone contract will end. Reports have surfaced saying the break could come in the next six to 18 months, but nothing has been confirmed.
AT&T began offering the iPhone under an exclusive contract with Apple in 2007.


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WHERE there's a will there's a way.
And where there are Irish football fans there are many, many ways.
Conservative estimates put the number of fans travelling from Ireland to the tournament at 15,000.
And so far camper vans have proven the most popular mode of transport, with Irish fans among those booking out "99.9pc" of vans around Europe.
Hubertus Rank, manager of DriveEurope.com, caters for bookings across Europe.
And he said he has now resorted to sourcing private camper vans for fans as all the companies have been booked out since December.
"I think half of Ireland wants a camper van," he said.
"At the moment the only ones available are in France and Italy and through any cancellations that are made.
A number of camper vans are available from June 9 to 19 from around €1,600 -- but they will have to be picked up from as far away as Paris. Vans must also be returned to the same location where they are collected or users face a huge additional fee.
He also warned that while most companies allow their camper vans to be brought to other countries, parking is going to be a major issue.
"The rental agreement means it must be parked in a secure place or a campsite, you can't just park it on the side of the road," Mr Rank said.
"If you park it on the street, go shopping and if it's stolen, you're liable for the whole cost of the van."
Car theft is an issue in Poland and he cited an incident a number of years ago in which one of his customers woke to find someone had stolen all their wheels while they slept.
In France, a number of companies also make the driver liable for the first €3,000 worth of damage caused if there is an accident.
At the moment fans can still book a camper van in Sweden and get the ferry -- which takes 10 hours -- to Gdansk.
However, rental cost in Sweden is much more expensive -- over €2,100 -- as the summer season is so short. This is offset by much higher-quality vans.
Fans are also being advised to look at other airports in and around Poland in order to get better value. Bydgoszcz, which is two-and-a-half hours from both Gdansk and Poznan, has Ryanair flights available from €346 return, flying on June 9 and returning on June 19.
Meanwhile Berlin, which is just two hours by train from Poznan, has flights available via ebookers.com from €280. A train to Poznan can cost as little as €19 if booked in advance.


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2020 NRF will be held on Jan.12-14 at Jacob K. Javits Convention Center, New York. As a leading terminal provider, Telpo is invited to attend here again and share Telpo's latest retail product and Telpo complete retail solution.
What Is NRF?
NRF is an annual event organized by the National Retail Federation (NRF) since 1912, which can be called as the most professional exhibition in the U.S. retail industry. The biggest advantage of NRF lies in its innovative and unique content that focuses more on the technology and solution of online and offline retail business in the mobile Internet era.
And this year, the theme of NRF is "Find Your Vision" which provides the opportunity to business cooperation and figure out the new plan to expand new retail development together.
What Telpo Will Share?
During the exhibition, Telpo will launch a new product conference, the self-service ordering kiosk with face payment function and Telpo complete retail solution that perfectly provides hardware and software services. At the same time, we will share our perspectives about the 2020 new retail development and our actions on that.
More details can be deeply understood in our stand, number as 1446.
Tag: 2020 NRF, Telpo, latest retail product, retail solution, America, face payment, self-service kiosk
Brief Introduction: Telpo is a professional smart payment partner who focuses on the ODM service 20 years. It mainly provides the EFT-POS, cash registers, biometric devices, face recognition machines, self-service kiosks, and bus validators. Telpo has served for more than 1000 customers abroad, including government, banks, Telecom operators, police stations, Retail shops, and offices. Telpo adheres to R&D and innovation, aiming to provide more intelligent hardware for global partners.


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IATA has released full-year 2018 data for global air freight markets showing that...Read more
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A company called Pine Labs, earlier this month, raised an astonishing amount of money—$82 million at nearly $1 billion valuation. For a Gurugram fintech company that sells software that makes Point of Sale terminals intelligent, it seemed like a lot.
When smartphone-based payments’ growth is off the charts in India, why would investors back a company that is associated with Point of Sale (PoS) terminals? You know, those dreary-looking black-grey terminals that let you swipe a card to accept payments in a store.
It would seem like a counter-intuitive investment, but it’s not.


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Making Sense Of Coin Offerings
- Bitcoin and Etherium have sparked a digital currency landgrab.
- IPOs died.Unicorns are hurting. Are ICOs the answer for raising money in startups?
- This will likely end badly for most buyers.
The path to liquidity for tech companies used to follow a very simple model. Raise money privately, build up sales and earnings, then go public with a splashy IPO. This worked well until the big Y2K tech bubble, during which many companies went public at huge valuations but with no earnings and not much revenue. By going public, these companies offered liquidity for investors, and profits for venture capitalists, but that liquidity gave investors the opportunity to bail when the bubble burst. This ended in a lot of sad entrepreneurs left holding founders shares of a now public, micro-cap company with limited prospects.
The result of this was a change in the way companies raised money from investors. Instead of going public, where management is (heaven forbid!) held accountable and expected to produce revenues and earnings, many companies have opted to stay private. By doing so, venture capitalists, aka the self-proclaimed smartest people on earth, could invest large sums of money at ever increasing valuations. A great new model for the VCs, managements could focus on building for the future, no matter how far off it is, while investors got rich…on paper at least.
The problem with the ever-increasing private company model is that darn liquidity issue. When valuations keep going up, eventually someone will want to take their money off the table. Especially when the bloom is off the rose and things start to look a little dicey. For example, do you think any Theranos investors would have like to have sold their shares at a $4.5B when they realized the product didn’t actually work? Or, how about trimming some Uber at $70B when the CEO and board turn their treatment of women into a public fiasco for the company?
It is becoming increasingly clear that staying private and raising more money is causing a conflict between management’s love of the independence of being private, and investors’ demands for more control and liquidity. But, the idea of going back to the public markets for liquidity and less intrusive investors doesn’t seem to be a good solution. This is because the private market valuations that each successive round of financing have bestowed on these unicorns has caused private valuations to greatly exceed public ones. Between lower valuations, difficulty raising a lot of money, and scrutiny over their activities, these companies have limited desire to go public. What is a future tech billionaire to do?
Initial Coin Offerings (ICOs) Have Arrived
The answer is simple and comes in the form of a new type of financing: the Initial Coin Offering (ICO). ICOs are a great solution for managers of hot startups. In an ICO they get to raise money while selling ZERO equity. Seems like a no-brainer, huh? Companies seem to think so and Coin Offerings are gaining significant traction.
The last few weeks have seen some very large ICOs, with Tezos and block.one raising almost $400M. Not bad for two companies with zero revenues and only the hope of a future product. At $200M each, these deals match Blue Apron’s IPO in size, but were certainly more well received. The underwriters had to price APRN at $10, below the indicated range, and it still went straight down to its recent close of $7.33.
Obviously, if investors are willing to give $200M to a company with zero revenues, and reluctant to take equity in a more seasoned one like Blue Apron with $800M in revenues, Coin Offerings are well received (a recent WSJ article details this well). But, what exactly are they? And, should they be this popular?
Bitcoin and Etherium Pave the Way
Before we discuss ICOs, we need to discuss Bitcoin and Block Chain technology. Most everyone knows about Bitcoin, the first and most well-known digital currency. Bitcoin has had ever increasing popularity among investors, traders and the younger generation that is willing to trust some of there hard earned savings in an electronic wallet. This popularity has resulted (as predicted) in an ever increasing price for each Bitcoin. Here’s the 1 year chart…not bad performance, huh?
Bitcoins are making people rich. Blockchain is the technology that underlies Bitcoin. It basically creates an open ledger for all to see of every transaction that occurs in Bitcoins on a network of public computers. It is truly a revolutionary technology and it has many applications beyond Bitcoin; the most obvious being that it can back any digital currency that you can create.
Bitcoin was the best performing “asset class” in 2016 and it has just continued. However, despite this amazing price action, it is not even the best performing digital currency this year. Etherium has gone up from $8 at year end 2016 to $241 today, an increase of 30X on your money…
With returns like that from Bitcoin and Etherium, and with a technology that can back endless digital currencies, it only makes sense that there would be more coming. And that is how we get arrive at the Initial Coin Offering.
How to Invest $200M and Get Zero Equity
An initial coin offering is just what it sounds like; a new digital currency is created and you can purchase it at a price that is determined by the creator. The new coins are priced in other digital currencies and tradable between them. For instance, I could create a Tailwinds Buck and make the initial price equal to one Bitcoin. Then, after it starts trading, it would find its own valuation based on supply and demand.
ICOs are more than just a new currency, however. To sell them, there would have to be more to it. Since Bitcoin and Etherium are well known and heavily traded, they are a good currency for someone to buy if speculating. Why would someone buy a Tailwinds Buck instead of the others?
In order to raise real money with a new coin, companies are issuing them as a proxy for future products. It works like this; a company is working on a future product. They issue coins that are the only means of purchasing the future product. If they come to market with a hit offering, people will be paying up to buy the coins necessary to purchase their product and the speculators who purchased their coins on the Initial Coin Offering would likely receive many multiples return on their money.
Thus an ICO is a digital currency that has one specific purpose; it can be used to purchase a future product that has probably only been developed to the point of a well thought out concept in several entrepreneur’s minds. You have no equity in the business. It’s a real no-brainer for an entrepreneur…raise $200M and give away no equity. It’s genius and my next company will fund in this manner, for sure.
How Will This All End???
The smartest investor I know, Kevin Muir (the MacroTourist), wrote a great piece (My Great Bitcoin Bungle) about why he missed the Bitcoin move, despite being one of the early adopters of mining for coins. While it is commonly accepted that Blockchain technology will indeed change the world, it’s very tough to simply buy a digital currency based on supply and demand hopes. Look at real currencies; central banks have unlimited supply available.
Yet, the digital currencies continue to go up in price. And more are coming. Having seen quite a few in my day, I will suggest this is a bubble. And, the ICO is simply another way to get money out of a bubble while it continues to expand.
At Tailwinds, it is our belief that digital currencies are the future. However, I don’t pretend to know which ones will be left standing at the end of the day. I do know we don’t need thousand of them.
I also don’t believe any government is going to be happy to see investors buying hundred of millions of dollars of Initial Coin Offerings. This screams potential fraud and definite future SEC involvement, as suggested here.
For now, however, the bubble is growing. ICOs are coming quicker and bigger. Buyer beware.
This article was written by
Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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Keeping an eye on the Gold Rate in Saudi Arabia is important to those who invest in the precious metal or are looking to purchase it for special occasions. Today, on 6 October 2023, the Gold Rate in Saudi Arabia is 2195.00 Saudi Riyals for 10 grams of 24-Karat Gold, while the price of 1 tola of the same quality gold is being sold for SAR 2560.25. Whether you are purchasing gold as a form of investment or as a gift for a loved one, the Gold Rate in Saudi Arabia plays a crucial role in your decision-making process. With the information available on Gold Price in Saudi Arabia, you can make informed decisions for your financial future.
Gold Price in Saudi Arabia 6 October 2023
|Gold Unit||Prices in SAR|
|Gold 24K per 1 Gram||219.50|
|Gold 22K per 1 Gram||201.21|
|Gold 24K per 10 Grams||2195.00|
|Gold 22K per 10 Grams||2012.10|
|Gold 24K per Tola||2560.25|
|Gold 22K per Tola||2346.91|
As of October 6th, 2023, the price of gold in Saudi Arabia remains a topic of interest. For those seeking the highest quality of gold, 24-karat gold per 10 grams is currently being sold for 2195.00 SAR. Those looking for a slightly lower gold purity can purchase the 22-karat gold per 10 grams for 2012.10 SAR. For those seeking larger amounts of gold, 1 tola of 24-karat gold is being sold for 2560.25 SAR, while 22-karat gold per 1 tola can be found for 2346.91 SAR. With these prices, the value of gold in the current market continues to remain valuable for those looking to invest in their future.
Gold Rate in Saudi Arabia Today 6 October 2023
Gold has long been a symbol of wealth and luxury, and with current gold rates in SAR, it’s no surprise that people are looking to invest in this precious metal. With 24K gold priced at 219.50 SAR per gram, and 22K gold at 201.21 SAR per gram, it’s important to consider the value of your investment. Ten grams of 24K gold will set you back 2195.00 SAR, while the same amount of 22K gold costs 2012.10 SAR. And if you’re looking to invest in larger quantities, a tola of 24K gold is priced at 2560.25 SAR, while 22K gold comes in at 2346.91 SAR per tola. Whatever your investing goals may be, it’s clear that gold offers a potentially lucrative avenue for growth and financial stability.
Today Gold Rate in Saudi Arabia 6 October 2023
The gold market in Saudi Arabia has always been a crucial aspect of the country’s economy. With its abundant oil reserves, Saudi Arabia has become one of the wealthiest countries in the world and has invested heavily in expanding its gold industry.
In recent years, there has been a significant increase in demand for gold in Saudi Arabia. This demand is mainly driven by cultural traditions, as gold is traditionally seen as a symbol of wealth and prosperity. Additionally, the global market for gold has also contributed to the rise in demand, with investors turning to gold as a safe haven during times of economic uncertainty.
As of 6 October 2023, the prices of gold in Saudi Arabia are as follows:
- Gold 24K per 1 gram: SAR 219.50
- Gold 22K per 1 gram: SAR 201.21
- Gold 24K per 10 grams: SAR 2195.00
- Gold 22K per 10 grams: SAR 2012.10
- Gold 24K per Tola: SAR 2560.25
- Gold 22K per Tola: SAR 2346.91
These prices are subject to change depending on various factors such as global gold demand, political and economic stability, and currency exchange rates.
Factors Affecting Gold Prices in Saudi Arabia
As with any commodity, the demand and supply of gold play a crucial role in determining its price. However, there are other factors specific to Saudi Arabia that can affect gold prices as well.
Currency Exchange Rates
The currency exchange rates between the US dollar and Saudi Riyal (SAR) have a direct impact on the price of gold in the country. As most global transactions of gold are done in US dollars, a stronger dollar can result in higher gold prices.
Inflation and Economic Conditions
Inflation is another significant factor that affects the price of gold.When inflation increases, investors frequently seek refuge in gold as a protection against currency devaluation. The state of the Saudi Arabian economy also plays a role in gold prices. Economic instability can result in higher demand for gold, causing its value to rise.
Global Trends and Geopolitical Factors
Gold is a global market commodity, and any changes in the global economy or geopolitical factors can have an impact on its price. For instance, during times of uncertainty or political tensions, investors often seek refuge in gold, driving up its demand and price.
Demand and Supply
The demand for gold is driven by various factors such as jewelry making, technological advancements, and central bank purchases. When there is high demand for gold but a limited supply, its price tends to increase. Conversely, when there is low demand and an oversupply of gold in the market, its price may decrease.
The price of gold in Saudi Arabia is influenced by various factors, including currency exchange rates, inflation, economic conditions, and global trends. While these may cause fluctuations in the market, gold remains a strong investment option for those looking to diversify their portfolio.
As always, it’s essential to stay informed about market trends and do thorough research before investing in gold. With the right knowledge and understanding, you can make informed decisions about buying or selling gold in Saudi Arabia. So, it’s wise to keep track of factors that affect the price of gold in the country to maximize your investment potential. In summary, while global trends and economic conditions play a significant role in determining gold prices in Saudi Arabia,


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Post-it Note maker 3M had another steady year in 2017. Sales increased 5% to $31.7 billion, led by an 11% jump in the electronics and energy segment that sells everything from power lines to mobile device displays. And the company’s share price under CEO Inge Thulin posted an impressive total return of 34% including dividends. Thulin gets bumped up to executive chairman this summer when 30-year 3M veteran Michael Roman takes over as CEO.
Looking for leads, investment insights, or competitive intelligence?
News about 3M
Women are less confident than men in their knowledge of science, finds a new report.
An idea backed by President Trump could be good news for investors in Ford, Expedia, and 3M.
The Mansfield Rule measures whether law firms are actively considering diverse candidates.
The J.P. Morgan CEO strongly condemned the president in a letter to employees.