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Despite farmers’ concerns, the UK will still provide Australia’s tariff-free trade agreement
British Prime Minister Boris Johnson insisted that despite the warning that it may seriously harm the interests of British farmers, it should continue. The UK will provide Australia with a tariff-free and quota-free trade agreement on Friday.
Downing Street declined to comment on the details, but did not deny sun Tariffs will be abolished 15 years later, giving British farmers time to prepare to face new competition in areas such as beef and lamb.
This result represents the victory of the Cabinet Free Traders led by International Trade Minister Liz Truss, who insisted that the United Kingdom provide Australia with zero tariffs with the EU after Brexit, similar to the zero quota agreement Agreement.
Truss will discuss the proposal on Friday with her Australian counterpart Dan Tehan, who insists that any trade agreement with the UK should include full tariff liberalization, including tariffs on agriculture.
Tehan said on Friday that the Australia-Australia Free Trade Agreement will make British farmers fearless, insisting that it will provide opportunities to strengthen cooperation with Australian-Australian farmers and pave the way for Britain to join the broader Asia-Pacific agreement.
He told business leaders at the Australian British Chamber of Commerce event in Sydney: “We should not worry about economic relations, we should embrace it, and we should seek to learn from each other.”
He will not comment on whether Australia opposes extending tariffs or maintaining quotas to protect British farmers.
Minette Batters, chairman of the National Farmers Federation, said that potential agreements fail to protect British farmers and livestock producers face the greatest risk
She said: “We continue to believe that the tariff-free trade agreement with Australia will endanger our own agricultural industry and will lead to the demise of many beef and sheep farms throughout the UK.” “Whether it is the immediate removal of tariffs or 15 years later. It’s all about removing tariffs.”
She said that NFU is seeking “urgent clarification from the government on how this trade agreement is in line with their policy of respecting sensitive areas.”
British Environment Minister George Eustice has stated that zero tariffs should only be applied to designated quotas for beef or lamb imports, so that protective measures can be maintained in the event of a surge in imports.
But Australia has stated that such restrictions are unacceptable, and Johnson insisted on an ambitious deal at the senior cabinet ministers meeting on Thursday.
Johnson told MPs on Wednesday that British farmers are innovative and can have confidence in selling their high-quality products around the world.
Regardless of whether it is a politician or a farmer, Australia’s trade agreement is regarded as the touchstone of the UK’s post-Brexit business policy. Robin Traquair, vice president of NFU Scotland, said that the possible agreement is a “weak link in the wedge”, which he expects will lead to similar agreements with countries such as New Zealand and the United States. In Australia and Australia, typical The scale of livestock farms is much larger than that of the United Kingdom.
He said: “I can see the reduction in the number of farmers and the farms that must be expanded.”
Attorney General Robert Buckland told the BBC Nowadays One plan on Friday is that the UK’s animal welfare standards will not be weakened to accommodate the agreement with Canberra.
“The government has always said that we have reached any free trade agreement with Australia or other countries in the world… Of course, we will take into account the high welfare standards we have implemented in the UK,” he said.
“Of course, considering the quality and excellence of the products produced in the UK, we will of course ensure that we do not weaken the interests of British farmers or put them at a disadvantage.”
Sheep is currently Australia’s second largest export to the UK, second only to wine: 45.7 million pounds of Australian lamb and mutton will arrive in the UK in 2020, and EU-style tariffs and quotas still exist. According to data from the UK Tax and Customs Administration and the Food and Beverage Federation, beef exports are relatively small at 4.1 million pounds.
But Peter Hardwick, a trade policy adviser for the British Meat Processors Association, said the arrival of relatively small amounts of cheaper cuts of beef, such as striped tenderloin, which are the most profitable, could severely hit British producers.
He said: “When people talk about “thousands of tons”, the question is, “What tons? “There are thousands of tons of high-quality meat that is duty-free.The EU’s strict tariff quotas are no coincidence [quota limits] in this regard. Australia will not provide us with cheap manufactured beef. “
Farmers are also worried that Australia’s potential imports of cane sugar will compete with British sugar beets, and the British sugar beet industry is already under pressure. Tate & Lyle Sugars, the UK’s only cane sugar importer, has previously stated that it hopes to import more Australian products.
Neil Parish, chairman of the House of Commons Environment Committee, said this week that British farmers will have to face “more competition” and must innovate in the coming years.
Tyne said that the free trade agreement between the United Kingdom and Australia can provide a template for the United Kingdom to join the CPTPP, which is a comprehensive trade agreement covering 11 countries in Asia, Latin America and Oceania. He added that Britain’s accession to the agreement will open up a huge new market for British farmers.


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Starbucks Asks Labor Board to Halt Mailing of Union Ballots
(Bloomberg) -- Starbucks Corp. asked the U.S. labor board to ditch plans to mail out ballots on Wednesday in unionization elections that could create a first-ever labor foothold among its thousands of corporate-run stores in the U.S.
In filings with the National Labor Relations Board Monday, the coffee chain argued that an acting regional director’s ruling, green-lighting store-by-store votes at three locations in and around Buffalo, New York, where workers petitioned to unionize, should be overturned.
Thanks to President Joe Biden’s appointments, three of the labor board’s five members are now Democrats with union backgrounds, reducing the likelihood that they would heed Starbucks’ request to intervene and prevent the election ordered by the agency’s regional office from proceeding.
In its filings, the company wrote that the Oct. 28 ruling is contrary to U.S. labor law and would result in “disenfranchisement” by denying employees throughout the region the chance “to vote together on this important issue of union representation.”
Starbucks has argued that the pool of voters for any unionization election should at a minimum involve employees from across its 20 stores in the region, meaning that the union wouldn’t prevail unless it secured a majority among that larger group.
Attorneys for the company also wrote that the acting regional director’s ruling would create a “fractured” bargaining unit in which employees “working under centralized control” by the company would be arbitrarily split up “based solely on their happening to work” at a particular location on a certain day.
In her ruling last month, the Buffalo-based agency official wrote that Starbucks “has failed to sustain its burden” to overcome the agency’s usual presumption that the employees at a single worksite can be an appropriate group to vote on unionization. Her ruling cited the distance between Starbucks’ locations, variations in working conditions, and local stores’ autonomy on day-to-day operations.
“The reason they are trying to cancel the election is apparently they are terrified to let the baristas have a voice,” Richard Bensinger, an organizer for Workers United, the union that employees petitioned to join, said in an email. “Why do they call them partners if they don’t want to give them a voice?”
A Starbucks spokesperson said that the company was seeking to avoid confusion and ensure employees throughout the region would have a chance to vote because they would all be affected if some stores were unionized.
Pro-union employees have alleged in recent weeks that the company deployed out-of-town managers to visit their stores and try to dissuade them from unionizing. The employees said they were pressured to attend meetings in which company representatives warned that organizing could lead to the loss of some benefits. The company has said that workers are expected to attend its meetings but aren’t punished if they refuse, and that it’s not uncommon for higher-ups to visit its stores.
Starbucks also closed stores early and brought its former Chief Executive Officer Howard Schultz to speak to employees Saturday at an event in Buffalo. He said that Starbucks had already built “a different kind of company,” and that no outsiders had successfully “pressured us, maneuvered us, threatened us to do anything other than what we felt in our heart and our conscience we needed to do and should do for the people who wear the green apron.”
Starbucks’ motion is “a long shot,” said University of North Carolina law professor Jeffrey Hirsch, a former NLRB attorney. “Even if Starbucks is right that the unit should be larger, at most it would be a close call. Which would mean that the need for emergency action is quite hard to justify.”
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ALTHOUGH it has always had a few well-known specialty stores, downtown Manhattan has seemingly overnight become a mecca for food shopping.
Trader Joe's is close to signing a lease for space in New York University's new Palladium Complex, a mixed-use development on 14th Street near Third Avenue, according to a retail broker with knowledge of the discussions. A deal is said to be imminent after being "on ice" for months, but a spokesman for Trader Joe's would not comment on this.
If a store is opened by Trader Joe's, a California-based chain known for its high quality, unusual selection and low prices, it will be the latest in a string of new stores catering to downtown residents.
Whole Foods, which began its foray into Manhattan with a store in Chelsea four years ago, will soon have four of its five Manhattan stores south of Midtown. It recently signed a lease for a space on Warren Street in TriBeCa, not long after it announced that it would open at the new Avalon Chrystie Place development near the Bowery. Just a few weeks ago, it opened a store at Union Square, opposite the Greenmarket, Manhattan's largest, and down the street from where Trader Joe's is likely to locate. Only its store at Columbus Circle is uptown.
At the same time, Balducci's, a legendary presence in Greenwich Village that once drew busloads of tourists to ogle obscure fruits and vegetables, will reopen at 14th Street and Eighth Avenue. It closed its store at Sixth Avenue and Ninth Street in 2003. The new store, owned by the Sutton Place Group food chain, is scheduled to open in a historic bank building in the fall.Continue reading the main story
Smaller regional chains are also looking for space downtown, according to Faith Hope Consolo, chairwoman of the retail group at Prudential Douglas Elliman Real Estate. Stew Leonard's, based in Connecticut, is looking for space in the West Village or Chelsea area, and Guido's Fresh Marketplace, based in western Massachusetts, wants about 25,000 square feet in the Financial District. "Food is the fashion of this year," Ms. Consolo said. "Last year, it was banks. Now, it's fancy food."
New stores are going downtown -- and not to other areas that would seem attractive, like the Upper East Side -- mainly because of space, Ms. Consolo said. New mixed-use developments are more plentiful downtown than on the Upper East Side. But even so, it's probably only a matter of time before a new fancy food purveyor moves in there, too.
With Gourmet Garage well established below 14th Street, Citarella at Sixth Avenue and Ninth Street, Jefferson Market on Sixth Avenue between 10th and 11th Streets, and a newly opened Westside Market at Seventh Avenue and 15th Street, where a conventional supermarket used to be, downtown gourmands have an array of shopping options unsurpassed anywhere in New York City.
Conventional supermarkets have neglected the city of New York, said Joanna Pruess, a food writer and author of "Supermarket Confidential: The Secrets of One-Stop Shopping for Delicious Meals." "I don't know what they were thinking, but an entire demographic was just totally ignored," she said.
Fancy food shoppers will go from ignored to courted as competitors enter the fray, based on the success of Whole Foods. The company is averaging upward of $1,500 in sales per square foot annually in its first two Manhattan stores, nearly twice its national average of $800 per square foot, according to Scott Van Winkle, a food analyst and managing director for the investment firm Adams, Harkness & Hill in Boston. The experience of Whole Foods, he said, is "proof that you can plop down a 50,000-square-foot store in Manhattan and be successful." If Trader Joe's sets up shop down the street, he said, the companies will be intense competitors.
Trader Joe's started in Southern California in 1967 and still reflects its roots, with the staff's folksy demeanor and Hawaiian print shirts. Since then, the company has grown to 234 stores in 19 states, opening its first East Coast store nine years ago, according to Audrey Dumper, a spokeswoman. The stores are typically smaller than Whole Foods and are not full-service, with no on-site butchers and bakers. But Trader Joe's competes by offering lower prices as well as distinctive private-label offerings. Passionate cooks and industry analysts alike say that Trader Joe's has some of the best buyers in the business, who scout for items like Pinjur spread -- an eggplant, red pepper and garlic puree that Trader Joe's imports from Europe and sells for $1.59 a jar.
"You have the crunchy granola types and the foodies merging at Trader Joe's," Ms. Pruess said. "What you see at Whole Foods is the yuppies; they'll really buy into the expensive prepared food products. And it's much more of a one-stop-shopping destination."
While Whole Foods and Trader Joe's have peacefully coexisted in other markets because they offer complementary products and services, Mr. Van Winkle believes Trader Joe's will have to expand its mission to compete in Manhattan, a fact that Ms. Dumper acknowledges.
"The deal needs to make sense to us to keep our costs under control and still deliver a great product," she said. "We wouldn't venture from that. But we're getting much more committed to carrying basics -- all the dairy things, the sugar and flour." Brokers estimate that Trader Joe's will pay around $60 a square foot for space in the Palladium Complex near Union Square.
Why it has taken so long for large fancy-food grocers to take hold in New York City is open to debate. Joe Dobrow, the vice president of marketing for Sutton Place Group, who was once head of national marketing for Whole Foods, said Whole Foods tried for years to move into the Dumbo neighborhood of Brooklyn. "We were intimidated by the logistics," Mr. Dobrow said. "And we were working under an assumption that you need large family sizes and large basket sizes and a suburban mentality to succeed."
All of this competition has already put pressure on existing markets. "If you live on the Upper West Side and trek down to Whole Foods, your perception of food retailing has been dramatically altered," Mr. Van Winkle said. "Some may not make that trek every day, but they'll go once a week and spend $300. Other operators will have to respond."
Balducci's strategy for competing is to offer a shopping experience in a grand historic building and to take prepared foods to the next level under Katy Sparks, a well-known chef who will undertake on-site just-in-time food preparation.
"We're going to use fresh, local ingredients and prepare them for the lunch and dinner rush, just like a restaurant," Mr. Dobrow said. "This will become our signature service." The new Balducci's space has a total of about 20,000 square feet, but the retail area will be only about 8,000 square feet, with a basement-level kitchen, a mezzanine cafe and office space above that.
Even with the onslaught of competition, the market has not reached its saturation point, according to Ron Tanner, editor of Specialty Food magazine. Sales of specialty and natural foods grew by 17.9 percent in 2002-2004, he said, and he expects the growth to continue, with prepared food choices pulling people away from supermarkets, corner delis and even restaurants.
Because of the residential boom in Manhattan, "people have invested a lot of money in nice apartments with shiny new kitchens that they want to use," Mr. Tanner continued. "Stores like Whole Foods and Trader Joe's are geared toward that. And for people who are strapped because they're house poor or mortgage poor, they may need to look at cutting back and cooking at home and still feel that they have a decent quality of life."Continue reading the main story


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- Tesla priced an initial public offering of 13.3 million shares at $17 apiece, raising $226.1 million in capital on June 28, 2010.
- Tesla priced a secondary offering of 6.92 million shares at $28.25 apiece, raising $195.65 million in capital on September 28, 2012.
- The company priced another secondary offering of 3.93 million shares at $92.4 apiece, raising $313 million in capital on May 17, 2013.
- Tesla's convertible notes would effectively convert into 4.81 million shares at $124.52 apiece, raising $600 million in capital.
Updated from 9:09 a.m. ET reflect additional information on Tesla convertible notes and opening share prices. NEW YORK ( TheStreet) -- Tesla Motors ( TSLA) is poised for its biggest and most attractively priced stock offering, as the electric car maker's shares rise above a crucial stock price in the wake of its inclusion to the Nasdaq 100 Index. In early Tuesday trading, Tesla shares briefly rose to new record highs above $125 a share on the company's addition to an index that includes the tech sector's largest and most profitable companies. The share surge also put Tesla's stock above the conversion price of a $600 million convertible note offering the company issued in late May, which helped to shore up the Elon Musk-run company's finances amid a big 2013 growth push. In late May, Tesla issued $600 million in convertible notes that would convert into 4.81 million shares at $124.52 apiece, as part of a note and stock offering that raised $913 million for the Model S maker. Still, it is unclear how quickly holders will be able to convert their notes for Tesla shares given the company's steadily rising share price.. Tesla didn't immediately respond to an email seeking comment. According to a prospectus, Telsa shareholders will have the ability to convert their notes after the quarter ending on September 30 if the stock is greater or equal to 130% of the conversion price for at least 20 trading days in a 30 day period of consecutive trading days. Still, Tesla's rise above the conversion price of its note offering for the first time Tuesday may be seen as the latest in a string of successful financial maneuvers this year by founder Elon Musk. Tesla's May capital raise at then-record-high share prices allowed the company to repay all of its outstanding loans with the Department of Energy's, in a move that trumped the negative views of short sellers and critics of the company's government financing. While many in the media portrayed Tesla's offering as an exit from government support, the move stood out as a particularly shareholder friendly move. The capital raise allowed Tesla to repay $465 million in DOE loans well ahead of their 2022 maturity, and a 2018 benchmark to extinguish millions of stock warrant contracts that the government carried at highly dilutive exercise prices, given current prices. In Tesla's May stock offering, the company issued 3.4 million new shares at an offer price of $92.4 a share to help it fund its loan repayment. The company confirmed in an 8-K filing with the Securities and Exchange Commission it had extinguished about 3.1 million stock warrants at prices of either $7.54 or $8.94 a share. Now Tesla is poised to see even better terms for its stock, as the company seeks to use investors' capital to ramp up Model S and Model X production in coming years, while investing in the infrastructure necessary to make the electric car a mass-market product. If all note holders were to convert their notes to shares, Tesla would effectively see its most attractive stock raise yet. Tesla's notes convert into 4.81 million shares at $124.52 apiece, which would raise $600 million in additional equity capital.
The notes are convertible into either stock or cash. This is what Tesla's stock issuance would look like:
Meanwhile, in spite of shaky financial markets over the past three years, heated political rhetoric and uncertainty over whether the electric car can be commercialized, Tesla has not had a down financing round since going public. Elon Musk is often celebrated as an innovator on par with the likes of Henry Ford, Steve Jobs, Andrew Carnegie and Walt Disney, given his success in launching eBay ( EBAY) subsidiary PayPal, Solar City ( SCTY) and even the burgeoning space transport company SpaceX. Recent moves such as Tesla's stock and note offering signal it is time the Wharton-educated Musk is given his due credit for financial management. Given Tesla's quick ascendance to the pantheon of large cap automakers and tech titans under Musk's guidance, it may be the more important story for shareholders. Tesla Is Just a Winning Stimulus as Fourth U.S. Automaker Emerges The Government's Buffett-Less Tesla Warrants. -- Written by Antoine Gara in New York Follow @AntoineGara


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SAIC teases hybrid pickup truck as Maxus V
Chinese automaker SAIC has teased a new hybrid/all-electric pick-up truck that it will be launching through its Maxus division that builds pick-up trucks and SUVs. Although details are sparse, it is claimed that the pick-up truck has been referred to as the Maxus V on social media in China and that it will be revealed in the second half of 2020, working as a successor to the T60 pick-up in the brand’s line-up.
In line with the brand’s mission to launch 20 new energy models by 2025, one big possibility is that the Maxus V will share its electric powertrain with the Euniq 6, which has an electric motor with 174 hp and 310 Nm of torque. From a styling standpoint, the Maxus V has far more presence than the T60 pick-up it could replace with large badging in the front and a pair of slim LED headlights. The sides are embellished with flared wheel arches and slim wing mirrors, all of which compliment the narrow window line and thick C-pillars.
Stay tuned to learn more about this Chinese pick-up truck that could revolutionize the segment.


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For those with more money than taste... the £125,000 diamond encrusted gold coins on sale to celebrate Queen's jubilee
Forget commemorative mugs or tea towels, there's now a much more elaborate souvenir on sale to mark the Queen's diamond jubilee.
But with a price tag of £125,000, you'll need more money than taste in order to afford it.
The East India Company has released 60 minted gold coins, one for each year of Queen Elizabeth II's reign, encrusted with diamonds to celebrate the royal milestone.
Despite the hefty price tag, the company has revealed that it has had 'brisk and determined interest' from monarchist collectors and investors from across the globe.
Diamond Queen: The East India Company have released 60 of these gold coins encrusted with diamonds to mark the jubilee
The gold coins weigh a kilo and feature the head of the Queen wearing a diamond tiara, necklace and brooch with the words 'Elizabeth Regina, Diamond Jubilee 1952-2012' around the outside.
They have also released 60 silver coins of the same design and weight but at a 'cheaper' price of £25,000.
Each kilo struck by The Royal Mint represents over 1,000 hours of craftsmanship - and the company has received particularly high interest in the coins from international buyers.
As a result, the company is now scheduling private viewings in Monaco, Moscow, Geneva, Hong Kong, the Middle East and India.
The East India Company, which has a flagship store in Mayfair, has long-standing links to the British monarchy.
Expensive souvenir: Diamonds are encrusted in the tiara, necklace and brooch of the Queen's image raising the price of the one kilo gold coin to £125,000
Queen Elizabeth I founded the East India Company in 1600 by Royal Charter.
In the 19th century, the company set jewels in a tiara for Britain's other diamond Queen, Queen Victoria, when she was crowned Empress of India.
Sanjiv Mehta, CEO of East India Company said: 'The company was instrumental in building the British Empire with its legacy still visible today in what we know as the Commonwealth Nations.
'We chose to commission the Royal Mint, another quintessential British brand who first minted coins for us over 200 years ago, with this unique project to create a timeless tribute that reflects the grand achievement it celebrates.'
Commemorative: Sixty silver coins have also been made and are on sale for £25,000
Given the expensive nature of the purchase, buyers get more for their money than just the coin.
It is presented on royal purple velvet in a bespoke presentation case, designed by British company Linley.
A diamond-magnifying loupe is hidden in the base compartment of the presentation case, which enables owners to get a close-up view of the encrusted diamonds.
The purchase also includes a book which tells the story of the Queen Elizabeth II's 60-year reign.
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The sky is falling in ad land thanks to a combination of threats including non-human traffic, the practice in which nefarious publisher sites game ad views to reap revenue. But don’t paint all publishers with the same brush, says New York Times ad products SVP Michael Zimbalist.
He notes a recent Association of National Advertising study that found 11% of online display ad impressions were generated by fake views. But Zimbalist took the ANA’s study one step further.
“We (the DCN) replicated that study,” he tells Beet.TV in this video interview. “In the premium sites … less than 2% of all display impressions was non-human.
“People are going to great lengths to figure out how to rid the ecosystem of fraudulent traffic. There’s a very simple way – it’s (to) buy brand names you can trust. Buy direct, not through intermediaries.”
Zimbalist serves as chairman of the Digital Content Next, DCN, previously known as the Online Publishers’ Association.
We interviewed him at Media Future Conversations 2015: Unblocked – Valuing Human Attention In A Content-Driven World, an event presented by true[X] in association with Beet.TV Please find more event videos here.


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Aurelio: A New “Supercar” with Filipino Roots
aurelio | July 19, 2014
When we think of world class supercars, we typically imagine them coming out of Italy, Germany, or on occasion Sweden or the U.S. But we’ve recently seen new supercars coming from Dubai, Poland, and Austria. Now, another country wants to join the ranks of the supercar elite, and this one is perhaps the most surprising of the group: The Philippines. The company building the new car, which used to be known as “Factor Aurelio Automobile” now goes simply as “Aurelio.”
The car is available with either with a Honda B16A V-TEC engine or a Mitsubishi 4G63T turbocharged 2.0-liter engine and, according to GTspirit, the car will built from fiberglass-reinforced plastic as well as select carbon fiber components. But, given the fact that the images of the car show at least three of them on the road, it’s surprising we haven’t got any performance specs yet. At any rate, the cars are beautifully designed, with modern supercar lines and some terrific details. We’ll be curious to hear how well they perform given their kit-car level power plants.


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Posts Tagged ‘imagine by kia’
When Kia Motors first said it was going to become an all-electric automaker, there was a little confusion. How can an automaker that has plans to produce GT vehicles like the recent 2020 Kia Forte also become an all-electric automaker? Kia Motors GT-line is how it sounds – it’s a lineup within the lineup and only certain vehicles like the Kia Forte, the Kia Soul, and the Kia Optima may get GT-specific trims. Electric vehicles on the other hand? Well, Kia leaked a rendering of the new 2021 Kia Optima, known as the K5 overseas, and the grille is all but absent. So, imagine our excitement when we saw this little number – the Kia Futuron concept (pictured above).
Yeah, that’s hot. Although the 2019 SEMA Show is happening between November 5 – November 8, 2019, Kia Motors decided to debut their new concept overseas during the 2019 China International Import Expo (CIIE) in Shanghai. A bit of a shame, we’d love to get a better look at a prototype, but all the current media on it only shows renders. Either way, the Kia Futuron concept is an all-wheel drive SUV coupe with a fully electric powertrain.
Based on first looks alone, this concept definitely looks like a sports car. The flowing shapes and streamlined design definitely create an aero-efficient profile that can slice through the atmosphere, and the low-profile keeps it looking strong yet also elegant. Some may be wondering why we’ve never seen a design like this before, with the wide stance and long wheelbase. It’s the Futuron’s fully-electric powertrain that makes this possible.
Mounted low in the vehicle’s body, beneath the cabin floor, a high-capacity battery not only provides electrical energy to four powerful electric motors embedded in the wheels but can also help to keep the vehicle grounded with a low center of gravity. Matched with a cutting-edge e-AWD system, and we have the beginnings of an all-electric sports car. We assume they’re talking about the all-wheel drivetrain transfer case Kia Motors was working on back in 2018.
Shown in the concept renders, the roof is a diamond-shaped panoramic glasshouse that floods the cabin with natural light and offers everyone inside a great view. On top of this, inching closer to self-driving vehicles, the Futuron concept comes with a network of LiDAR (light detection and ranging) sensors capable of providing Level 4 autonomous driving. That’s when the driver doesn’t even need to control the vehicle in a majority of driving conditions.
The new “tiger-face” Kia Motors keeps pushing is also apparent in the design of the Futuron. No longer subtle and soft, Kia is going for a tighter, more aggressive, yet elegant “tiger face”. If we’re being real, this concept looks a lot like the Imagine by Kia concept the automaker unveiled at the 2019 Geneva International Motor Show. The Futuron also has a new interesting take on headlamps with a “Star Cloud” design made to reflect the look of nebulae in the night sky with a geometric patchwork of matrix LED lighting.
Step inside and an all-electric powertrain definitely makes for a more spacious cabin for the driver and passengers. Plus, the two front seats are made out of flexible materials and can offer an upright “driving” position or a reclined “rest” position. With the level 4 autonomy engaged, the two front seats will actually fully recline, and the steering wheel retracts to offer a “zero-gravity” seating position for some rest and relaxation on a long drive.
Going for a little unique flare, the interior comes with Star Cloud lighting and scaled Dragon Skin motifs that pay respects to Chinese legend Dragons and the scaled armor that adorns Chinese dragons in mythology and modern-day cultural celebrations. Drivers and passengers will definitely feel like they’ve stepped into a fantasy world with a glittering interactive ambient lighting system in the cabin. The most notable feature though, although a little difficult to see in the provided images, is a graphical user interface (GUI) that merges the instrument cluster and the audio-visual display into the center of the dashboard. Operated by artificial intelligence (AI), the GUI displays useful information about the vehicle, such as various autonomous driving features, powertrain, and navigation.
Here’s hoping we get a better look at the Kia Futuron Concept here in the states. Share your thoughts about the new concept on Miami Lakes Kia social media.
Photo Source/Copyright: Kia Media
Ladies and Gentlemen, welcome to the future! It’s the future of automobiles at the 2019 New York International Auto Show, having just started and running from April 19 to April 28, 2019. Many automakers have been tight-lipped before debuting any concepts this year at NAIAS, but Kia Motors was quick to start making noise a week before, and now we know why. Along with the reveal of their Kia Stinger GTS Limited Edition, Kia Motors has debuted a concept that could change the auto industry forever. Of course, like other autonomous vehicle concepts, that could be a long ways away.
The Kia HabaNiro
Although “Niro” is a part of the name as a play on words, Kia Motors isn’t bringing us another rendition of the Kia Niro like they did with the many concepts of the Kia Telluride prior to its release. The Kia Niro EV, also known as the e-Niro in Europe, has already been a success. No, the HabaNiro is its own bread-and-butter design set to be an all-electric Everything Car or ECEV. Use it to commute, as a crossover, get rough like it’s an SUV, go on an adventure, or have a state-of-the-art technology workroom. Yes, that last one hinges on an autonomous vehicle, and the HabaNro concept comes with level-five autonomy.
“We wanted this concept to be comfortable navigating city streets, carving turns on a coastal road and off-roading with confidence to remote wilderness adventure…We imagined a car for everyone and nearly everything. Then, when we saw the finished product, we were blown away by the imagination of the HabaNiro’s creators and its laboratory of technology and we want it in our driveways.” -Tom Kearns, vice president of design for Kia Design Center America (KDCA).
Although the HabaNiro may fall into the compact crossover segment, the design of the vehicle blurs the lines of them all. A four-seat wonder car with butterfly wing doors make for a spectacle, and its protective metallic grey cladding contrasted by bright “Lava Red” aero panel and roof create a sense of vibrant energy. We swear, we think there’s a spy in the auto industry or automotive designs are starting to mesh together because the below image looks a lot like the Mitsubishi e-Evolution concept.
Who said electric cars (EVs) can’t perform? High-performance vehicles with alternative fuel are quickly becoming the next big thing in the pre-autonomous auto market. Self-driving, autonomous vehicles are also on the horizon, but they may be a little further out. Many automakers have resigned to finally embrace the change of the alternative fuel market, and some are thinking, “Hey, let’s do what we do best.” Still, make high-performance vehicles but make them so that they’re powered by an electric motor. Sound crazy? Kia Motors doesn’t think so.
The 2020 Kia Soul EV debuted at the 2018 Los Angeles Auto Show, and it’s been getting the attention of a newborn baby! Following the pattern of the 2020 Kia Soul, the all-new 2020 Kia Soul EV is a last-generation replacement. With 40-percent more torque, nearly 85-percent more power, and an even longer driving range, the 2020 Kia Soul EV will be setting the stage for future Kia models.
Kia Motors sure is aiming to be the world’s leading mass-market electric vehicle producer. Although car manufacturer and brand Tesla has a few years on Kia, the Korean automaker is intent on bringing electric vehicles (EVs) to the public more now than ever. After their Imagine by Kia concept/presentation, it’s clear that going forward, Kia will be shifting towards clean energy vehicles and going green. Their success with their current lineup of plug-in hybrids and EVs are already proof that Kia Motors can be the automaker to do it.
A new, all-electric platform is what Kia promised. It would be the first EV vehicle from the automaker that had no predecessor. Not only this, but Kia Motors is restructuring the brand in a sense that will not only make plug-in hybrids and EVs more desirable but also make them affordable without needing to be a luxury item. It’s a goal that Alper Celik, Senior Product Manager for Kia Motors Europe had a lot to say during the 2019 Geneva Motor Show when interviewed by InsideEvs.com.
“Why are we shifting to electrics? We are doing it for the sake of a green environment and bringing this technology into the mainstream of society, not making it just a niche product. We must electrify the whole society… Kia is doing it in a more accessible way, opening up a big door to mainstream customers. What Kia does with EVs is important for the whole industry.”
Now that the 2019 Geneva International Motor Show has ended, we’ve seen all the auto industry had to offer over nearly two weeks. Kia Motors is one automaker that stood out, not because of a model or concept they debuted, but more of a promise for the future of their lineup. It’s not surprising – many names in the auto industry are starting to bring electric motors and batteries into the mix of their vehicles. Kia Motors, however, may have the most alternative fuel vehicles in their lineup than any other automaker. Not only this, but Kia has been on a mission to change the auto industry and are intent on leading the way. Style, tech, alternative fuel are the cornerstones of the new Kia Motors, but can they deliver?
What pops to mind when talking about Kia Motors and style? Is it the Kia Stinger? Currently the icon for Kia Motors, the Kia Stinger brought a whole new attitude to Kia Motors. The automaker was intent on “designing cars that drive as good as they look,” and the Kia Stinger definitely delivered. Able to surpass costly luxury cars that claim to drive fast, the Kia Stinger’s performance may have been the jumping off point for Kia Motors going GT, while giving all of their new vehicles a little taste of the Stinger’s style.
Making cars that look great is one thing, but a vehicle that performs at its best is definitely the GT line of the Kia Stinger. With different drive modes for sharp turns or a long ride, drivers enjoy getting behind the wheel of a Kia Stinger GT. Now, Kia Motors is coming out with a GT for many of its vehicles, starting with the 2020 Kia Soul, Kia Forte GT, and Kia Rio GT. If the automaker can deliver on performance this well, can they also upgrade the tech?
Just a week before the 2019 Geneva International Motor Show, Kia Motors teased its new electric vehicle concept model, and now we know what it is. Unveiled at the motor show is “Imagine by Kia”. That sounds more like a tagline than a model name, but at the moment, that’s what the automaker is calling this handsome, muscular not sure if it’s a mid-size crossover or four-passenger family car concept. With the intention of making electric vehicles fun to drive and no longer a luxury or niche, Kia Motors is focusing on the design and performance of the new electric vehicle along with its powertrain and range.
“Automotive design is about capturing the heart and making it beat that bit faster for that bit longer. We believe that there’s absolutely no reason why that should change simply because the car is electric…That’s why our all-electric concept is designed to not only get your pulse racing but to also signpost our holistic and emotional approach to electrification.” – Gregory Guillaume, Vice President of Design for Kia Motors Europe
“Imagine by Kia” will be the automakers first foray into a purely electric vehicle. This isn’t to say they don’t have all-electric vehicles, such as the Kia Soul EV or the Kia Niro EV (also known as e-Niro). Unlike the award-winning e-Niro electric crossover and the electric Soul hatchback, “Imagine by Kia” is the first of its line, not based on an already successful gasoline-powered sibling. That’s what Kia means when they call it their “first pure electric” vehicle.


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The consumer electronics market is in a state of constant development as smart electronic devices continue to replace traditional products in the consumer electronic market. Smartphones dominate the market by generating the highest revenues for consumer electronics, whereby the key players of Apple and Samsung also use their technology for other electronic devices, enabling them to expand their dominance in the market. New key players threatening Apple and Samsung’s market position are Chinese competitors such as Xiaomi and Huawei which are showing record growth levels for smartphones and other electronic products. The key drivers in the market which foresee future growth potential are the following: the expansion of 5G networks allowing massive amounts of data to be transferred in real-time, promoting concepts such as smart cities and the interconnectivity of objects; virtual reality which is being led by Metaverse, previously known as Facebook, promising to create a parallel world; and the gaming sector, which subsequently can integrate virtual reality technologies to create a gaming experience which can enables the virtual and the real to be combined.
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Dysonics had previously developed 3D audio authoring software and motion-tracking hardware for headphones. The technology developed by Dysonics could help Google add spatial audio to future headphone projects, among other things.
The two companies, Real Graphene and ElecJet, merged earlier this year, resulting in the combination of the graphene intellectual property of Real Graphene and the power system/charging hardware of ElecJet. ElecJet's graphene lithium battery offering is planned to surpass existing primary battery cells currently used by EV manufacturers (18650, 21700, and 4680) in both power density and energy density.
Sonim is a U.S. provider of ultra-rugged mobile devices, accessories, and solutions. Sonim embarks on a strategy to expand from its core market in ultra-rugged mobile devices into semi-rugged and industrial 5G markets.


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The Capcom Showcase is kicking off today, and hugely anticipated games such as Resident Evil 4 Remake and Street Fighter 6 could feature. The Capcom Showcase is taking place on Monday June 13 with a start time of 3pm pacific time, 6pm eastern and 11pm BST. If you’re in Europe the start time is 12am CEST on Tuesday June 14, and you can find out how to watch a live stream of the event below.
If you want to tune into the Capcom Showcase on YouTube you’ll have to sign in as it’s an age restricted broadcast.
The Capcom Showcase is also being broadcast on Twitch.
Speaking about the event, the Osaka-based gaming giant said: “The Capcom Showcase has got you covered on the latest news and updates for upcoming Capcom games!
“We’ll be diving deeper into details and news on previously announced titles.
“The show will run about 35 minutes; so sit back, grab a snack, and enjoy the show.”
The Resident Evil 4 Remake has already been confirmed as appearing during the Capcom Showcase, while Street Fighter 6 could also make an appearance.
Resident Evil 4 Remake was recently announced in Sony’s most recent State of Play, while Street Fighter 6 also get a big showing at that event and then at Summer Game Fest.
Both of these games are due out in 2023, with Resident Evil 4 launching on March 24 2023 and Street Fighter 6 sometime next year. If you’re an Xbox fan, the good news about Street Fighter 6 is the iconic Capcom fighting game is making a comeback to Microsoft’s consoles.
Street Fighter 5 was only available on PS4 and Steam, whereas Street Fighter 6 is heading to these platforms along with the PS5 as well as Xbox Series X and S consoles. Xbox One misses out though.
Elsewhere, rumours have also claimed that the already announced next-gen upgrades for Resident Evil 2 and 3 Remake along with Resident Evil 7 and 8 could feature at the Capcom Showcase.
While Resident Evil Village fans will surely be hoping there’s an announcement on DLC for RE8.
Source: Read Full Article


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As announced in November 2018, for the first time ever DIESEL, together with the real estate group Bel-Invest, has entered the world of real estate with the first residential DIESEL building, located in Miami, Florida.
And what was the workaround to keep clothes front-and-center in the project, starting from the launch? An unconventional campaign called “The Condo T-shirts–The Most Expensive T-Shirts Ever”: 143 unique tops that cost the approximate of a new dwelling, each t-shirt featuring a front-facing printed graphic of one of 143 apartments at DIESEL’s Wynwood condo development.
With near certainty, the company claims that these are “the most expensive t-shirts in the world.” T-shirt “D6-L7”, for example, clocks in at a tab of $1.049.000. T-shirt “F2-L7” has a price tag of $5.500.000. But if you buy one, you get a new home—in DIESEL’s brand new Wynwood condominium for free.
US start-up SMALL present “The Condo T-shirts–The Most Expensive T-Shirts Ever” for Diesel. The good news, though, is that if you buy one of those t-shirts, you get a Diesel Wynwood apartment FOR FREE.
Not exactly the industry Diesel is associated with! So, SMALL starting with what DIESEL is world-renowned: clothing. They created a collection of 143 one-of-a-kind t-shirts: the Condo T-shirts. In each one, the floor plan of one of the 143 apartments was printed with very unaffordable prices. Actually, they can almost certainly claim that those are “the most expensive t-shirts ever.” T-shirt “F1-L6”, for example, costs $1,599,000. While t-shirt “F2-L7” costs $5,5000,000. And yes, if you buy one of those t-shirts, you get a Diesel Wynwood apartment FOR FREE.
Founders Luca Lorenzini and Luca Pannese said: “It’s always a pleasure to work with brave clients. And Diesel is one of the bravest. Together with them, we wanted to create a real estate campaign that was different from all the other real estate campaigns that are around. And this is how “the condo t-shirts” was born. With this campaign, Diesel, once again, decides to challenge conformity to create something totally unexpected. We’re extremely excited and grateful to have been part of this project.”
The campaign, created by the creative agency SMALL and directed and photographed by Hernan Corera, will be launched on December 3rd in Miami and features a typical high-end (and at the same time high-street) fashion campaign approach, with DIESEL’s unmistakably ironic touch.


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Scammers stole at least $4.2 billion from individuals in 2020, more than half of the amount stolen over the previous three years, according to a new report analyzing federal data.
Identity verification website Social Catfish noted in its report that the $4.2 billion reported lost due to online scams in 2020 compares to $7.6 billion collectively lost between 2017 and 2019.
Last year’s figure was included in a 2020 internet crime report released by the FBI in March.
Social Catfish noted in its report released Monday that some individuals may also be too ashamed to file a report about being scammed online.
Citing a survey sent to 722 users and members of a Facebook group who reported being scammed, the site said nearly three-quarters of respondents were “too ashamed to file a report.”
“Scammers create a variety of tricks to scam people out of their hard-earned money. They create fake profiles and go onto social media platforms, dating sites,…


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Posts Tagged ‘LTE’
Last summer AT&T and other US carriers announced that they would start throttling the speeds of the top 5% data users. Essentially networks have started data throttling to try and prevent users from consuming too much data and so they can allocate their resources to people who aren’t using as much data.
According to Bloomberg, Apple’s next-generation “iPad 3″ has entered production stages and they’re on track for a March release date.
According to BGR, the next-generation iPhone (presumably the iPhone 5) will be slimmer and sleeker than the current iPhone 4S and iPhone 4 models and it could sport a “quad-mode” chipset that is capable of functioning across all 3G and 4G (LTE) networks.
According to BGR, Shaw Wu (a credible analyst) predicts that even though Apple plans to release the iPad 3 and supposedly a full-blown Apple “iTV” this year, their “most important catalyst” will be a redesigned LTE capable iPhone. Wu pointed out that even though an “iPad 3″ and a rumored Siri-equiped “iTV” would be huge […]
According to The Verge, AT&T is working with Apple to get a “4G” icon on the iPhone 4S instead of the current “3G” icon. This bold and somewhat deceptive move is most likely AT&T’s way of differentiating between their GSM iPhone and services from the competition (Verizon and Sprint). Even though the new 14 Mbps […]
According to inside sources, Apple has just completed a version of the iPad that can run on Sprint’s network. Even though the CDMA Verizon iPad 2 is technically compatible with Sprint’s network, the iPad for Sprint will be a completely different model. As of now, it hasn’t been confirmed whether or not Sprint will offer […]
iPhone 5 Release Date, Xbox 360 And PlayStation 3 In One, iPad 3 Battery, iPhone 5 For Sprint & More
This is the forty-forth episode of my series titled “BestTechInfo And Rumors”! This series is all about providing current and up-to-date technology related news and rumors for all of my readers and viewers. In this episode I discuss the iPhone 5 release date, an Xbox 360 and a PlayStation 3 in one unit, the iPad […]
SprintFeed has released an image (pictured above) of Sprint’s internal email system that shows a blackout, probably vacation related, from September 30th through October 15th.


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CEO of Rolex, Jean-Frederique Dufour, officially announced in an internal memo that Rolex will shut down production for ten days effective 5 pm (Central European Time), Tuesday, March 17, 2020. The Swiss watchmaking giant is hoping to resume production on March 27; however, the date could be pushed back if the COVID-19 coronavirus crisis continues. Rolex has production sites in Geneva, Crissier, and Bienne – all of which will shut down under the directive, meaning that for (at least) the next week and a half, there will be no more Rolex watches being made.
Rolex Shuts Down Due to Coronavirus
This announcement comes on the same day the Canton of Geneva imposed emergency measures where all gatherings of more than five people are banned indoors and outdoors. Also on Monday, Switzerland declared a State of Emergency. According to SwissInfo.ch, “the number of people in Switzerland who have tested positive for Covid-19 jumped to 2,200 between Saturday and Sunday.” Along with domestic cases, the landlocked nation borders Italy, France, Austria, and Germany – countries struggling with a surge of novel Coronavirus cases. Switzerland will introduce border checks with Germany, France, and Austria, only allowing Swiss residents and business travels in, reported SwissInfo.ch.
The memo affirms that Rolex’s decision to halt production is to protect employees and their families and to help slow down the spread of Coronavirus. It remains to be seen if other Swiss watch brands will also suspend production; however, given the current situation in the country, it is very likely that others will soon follow.
Many of Rolex’s most popular models have multi-year waiting lists at retailers and this halt in the production process – even if it only lasts the minimum duration of 10 days – will not in any way help increase the supply. Additionally, since this year’s Baselworld has been pushed back to January 2021, many collectors were already wondering if we will even see new Rolex models this year, and with all three factories now temporarily closed, the answer as to when the new 2020 models will be announced has never been less clear.
This is a developing story and additional details will likely follow in the coming days.


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ActiveState published results of a survey conducted to examine challenges faced by developers who work with open source runtimes, revealing love for Python and security pain points.
The guidance comes in the form of two Tech Talks videos: "Bringing Your Apps to the New iPad Pro" and "Designing for iPad Pro and Apple Pencil."
Google announced a bevy of improvements to its Firebase mobile development platform, including enhancements to machine learning, workflow integration, IDE support and more.
The Nearby Notifications functionality introduced for Android devices some three years is going away as engineers noticed it was plagued by spam and irrelevant messages.
Google announced enhancements to its new Android App Bundle publishing format that shrinks the size of app downloads, which have steadily grown to the point they inhibit device installations.
Enterprise mobile and Web app development is riddled by security gaffes, according to a new report from WhiteHat Security, which is calling for a revamp of the development lifecycle.
The October edition of the TIOBE index measuring programming language popularity reports that Apple's Swift has made it into the top 10.
Google has shipped the final preview of its open source Flutter project, which uses the company's Dart programming language to build native iOS and Android mobile apps.
Continuing its push into the mobile business app space, Apple has enlisted customer CRM specialist Salesforce in its latest effort.
Google released the latest edition of its flagship IDE for mobile app development, Android Studio 3.2, featuring a new app publishing format, Android 9 Pie functionality and even a new What's New assistant to inform coders of the latest changes.
NTT Resonant added automated iOS testing to its Appium-based cloud testing service, supporting iOS 10 and later versions, along with adding support for another Appium version.
London-based Pusher has launched a new service out of beta that is said to improve on mobile app push notifications, providing more visibility and information to developers about those notifications.
A new study examined hundreds of popular Android apps for security vulnerabilities, finding that the improper use of open source software puts organizations and users at risk.
Augmented reality, the technology behind the Pokémon GO craze of a couple years ago, has become one of hottest areas of mobile app development. Now, a two-year-old California startup has taken it to the mobile Web.
The company boosted the capabilities of its code obfuscation product and unveiled man-in-the-middle attack protection.
With everything moving to the cloud, research firm Gartner Inc. noticed an unexpected rise in on-premises mobile app development platform (MADP) deployments in its latest Magic Quadrant report.
While previous efforts to combine NativeScript and the Angular framework for Web and native apps go back at least a couple of years, the teams this week announced an approach with a new ingredient: the open source NativeScript Schematics.
RedMonk noted the "relatively static nature of the top 10 languages" in its new programming language popularity report, but one notable change in that higher echelon is the exit of Swift.
After a nearly eight-month pre-release preview, the Dart 2 programming language has emerged as a stable release that includes many breaking changes in a revamp that focuses on mobile and Web client-side development.


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Witnesses have told Stockstill that another woman romantically involved with Mills hit the female victim in the mouth on May 4 at the Northgate Apartments complex on Highland Road near the LSU campus.
4, outside his unit at Northgate Apartments and punched her in the mouth. She was momentarily unconscious and required four stitches for a cut on her lip, the warrant says. The warrant also includes the height and weight of Mills six Nike Air Max 2015 Running Shoes
Both the victim and the witness later identified Mills from among photos of five other men. Police investigated the incident and conducted interviews of the victim and witnesses at the apartment complex over the next three weeks, according to Baton Rouge Police Sgt. Mary Ann Godawa. On May 29, police contacted Mills, who was out of town during semester break.
Glenn Guilbeau / Gannett Louisiana
feet and 195 pounds and that of the victim 5 3 and 113.
certainly think that the arrest warrant was written without anyone hearing the other side of the story, Stockstill said. the District Attorney sees that as well, there is certainly a chance that either no charges will be filed or different charges will be filed, such as a lesser misdemeanor charge. There are several witnesses that the police did not interview before issuing the warrant. There were a lot of people around. East Baton Rouge Parish District Attorney Hillar Moore could proceed with the original charges, which would mean Mills could be jailed for five years at the most and a $2,000 fine, if proven guilty.
After initially avoiding police by missing an appointment and not returning calls, Mills was arrested shortly before midnight on June 10 one day after summer classes began at LSU. He was booked into jail based on the police report, statements by the victim and witnesses, injuries sustained by the victim and the identification of Mills, according to the warrant.
BATON ROUGE The attorney for LSU cornerback Jalen Mills remains hopeful that a felony battery charge against his client for allegedly punching a woman in the mouth will be dropped or lessened to a misdemeanor because he believes Mills did not punch anyone.
But the victim told Nike Air Max Thea Metallic Grey
(Mills) was not the person who struck the victim, Stockstill said. would be consistent with some of the information I received. two year starter at cornerback for LSU from the Dallas area, Mills spent last Tuesday night and most of Wednesday in jail after being arrested and charged with second degree battery for allegedly hitting the woman. He was bailed out Wednesday by his family for $10,000 and has been suspended indefinitely from the LSU football team by Coach Les Miles. on Sunday, May Womens Nike Air Max 2015 Flyknit
met with Jalen and given the District Attorney office some information, Baton Rouge defense attorney Brent Stockstill told Gannett Louisiana on Monday. are still working through all the information they have and are waiting to see more police reports on the incident and getting more information through interviews of witnesses. Right now, they do not have enough information to make a decision. spokesperson at the East Baton Rouge Parish District Attorney office said the matter involving Mills, 20, is still being investigated.
If the charge is switched to a misdemeanor such as the threat related simple assault or aggravated assault, Mills would be subject to days, weeks or months in jail and much lesser fines along with probation and restitution, if found guilty. If found guilty of simple battery, the punishment can be as much Cheapest Mens Nike Air Max 2015 as six months in jail and a $1,000 fine with probation and restitution. Mills, who will be a junior this season, has had no previous arrests while at LSU.
police she then heard someone say something to her, when she turned around Mills punched her on the mouth, the warrant says. A witness told police she saw Mills punch the victim on the mouth, and the victim fall to the pavement.
Attorney for LSU's Mills believes charges may be dropped or lessened
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China-based FCoin – a new crypto exchange launched in May that takes a novel revenue model – has come under the spotlight after its trading volumes appear to have almost immediately surpassed some of the largest exchanges.
While the platform’s trading data is currently not visible on more notable third party sites such as CoinMarketCap, a similar service in China indicates that FCoin saw over $5.6 billion in trading volume over the last 24 hours – more than the sum of the top-10 platforms on CoinMarketCap.
Seemingly contributing to that spiking volume is the service’s new business model, called “trans-fee mining,” which is seen as controversial by the Chinese cryptocurrency media and has also been criticized by Binance, one of the world’s largest exchanges.
Founded by Zhang Jian, the former chief technology officer of Huobi, FCoin touts a new business model that effectively turns cryptocurrency trading into mining, since it provides a means to obtain FT tokens issued by FCoin.
According to the platform’s white paper, the total amount of FT is capped at 10 billion, 51 percent of which will be allocated to the public and 49 percent will be held by FCoin and its investors.
But instead of adopting an initial coin offering or an airdrop, FCoin is issuing 51 percent of tokens to the public in exchange for making transactions on the exchange. For instance, for every transaction fee a user pays to FCoin in the form of either bitcoin or ethereum, the platform will reimburse the user 100 percent of the value in FTs.
However, within a month of FCoin’s debut, various media outlets in the Chinese crypto community had raised questions over whether traders are just using bots to send fake transactions to receive the FT coins. Zhang has denied the accusation, claiming all trading transactions are authentic.
Binance’s founder and CEO Zhao Changpeng has also weighed in to criticize the platform, alleging that “trans-fee mining” is just another form of ICO.
He wrote on his Weibo account on Wednesday:
“You pay transaction fees to the platform with BTC and ETH. Then the platform pays ‘100%’ back to you with its token. Isn’t it just buying platform token with BTC and ETH? How is this different from an ICO?”
Zhao went on, accusing the firm of, in effect, making money through price manipulation:
“If an exchange doesn’t get revenue from transaction fees and solely profits from the price of its token. How would it survive without manipulating the token price? Are you sure you want to play against a price manipulator? The same price manipulator who controls the trading platform?”


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CHICAGO (AP) _ Methode Electronics Inc. (MEI) on Thursday reported fiscal first-quarter net income of $23.7 million.
On a per-share basis, the Chicago-based company said it had profit of 63 cents.
The maker of electrical components for the auto and computer industries posted revenue of $223.4 million in the period.
Methode expects full-year earnings in the range of $2.81 to $2.96 per share, with revenue in the range of $950 million to $970 million.
Methode shares have risen 1 percent since the beginning of the year. The stock has climbed 4 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEI at https://www.zacks.com/ap/MEI


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The rupee failed to keep upward trend against the dollar on the money market on Thursday in the process of trading activity, dealers said.
INTER-BANK MARKET RATES: RATES: The rupee shed seven paisas versus the dollar for buying and selling at Rs 154.48 and Rs 154.50, respectively, they said.
OPEN MARKET RATES: The rupee sustained last levels in relation to the dollar for buying and selling at Rs 154.30 and Rs 154.60 respectively, they said. While, the rupee gained 10 paisas in terms of the euro for buying and selling at Rs 169.00 and Rs 170.50 respectively, they said.
In the fourth Asian trade, the US dollar stood tall on Thursday, supported by firm domestic data and hopes the coronavirus' economic impact could be limited, even as the human toll continued to climb.
Another 73 people on the Chinese mainland died on Wednesday from the outbreak, the highest daily increase so far, bringing the total death toll to 563.
Infections stand at 28,018. Drug makers and the World Health Organization played down press reports about progress toward finding treatments, which had boosted traders' confidence.
Amid the uncertainty about the virus, currency investors also turned their attention to traditional market drivers, specifically US private payrolls, which posted their biggest jump in nearly four years, while a separate report showed a service sector pickup.
That helped the greenback higher and it drifted north in morning trade to a two-week high of 109.87 Japanese yen.
The dollar was trading against the Indian rupee at Rs 71.220, the greenback was at 4.117 in terms of the Malaysian ringgit and the US currency was available at 6.962 versus the Chinese yuan.
======================== Open Bid Rs 154.30 Open Offer Rs 154.60 ========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday.
======================== Bid Rate Rs 154.48 Offer Rate Rs 154.50 ========================
RUPEE IN LAHORE: The Pak rupee appreciated its worth versus major foreign currencies including the greenback and the British pound in the open currency market on Thursday.
Amid lack of buyers' interest in the market, the greenback lost its day earlier gains and ended lower for buying and selling at Rs 154.10 and Rs 154.40 against the Tuesday's closing rate of Rs 154.20 and Rs 154.80 respectively, local currency dealers said.
In addition, the local currency also followed the suit in relation to the pound sterling that was bought and sold at Rs 199.00 and Rs 200.70 against the previous closing trend of Rs 200.20 and Rs 201.50 respectively, they added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the dollar remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Thursday.
The dollar opened at Rs 154.60 (buying) and Rs 154.70 (selling) against same last rate.
It closed at Rs 154.60 (buying) and Rs 154.70 (selling).
The buying and selling rates of one tola of gold were Rs 91,500 (selling) and Rs 91,200 (buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.


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Commercial fraud is rampant
More than half a year has passed since the Vietnam Steel Association (VSA) reflects the massive import of rolled steel into Vietnam and suspects this to evade trade safeguard duties but the situation continues. It is estimated that the price of steel imported from China and without safeguard will be 30-40% cheaper than domestic steel. “Even before, when enterprises imported rolled steel, they gave the reason that the country could not produce but in fact, these are products that Vietnam has produced and the supply is higher than the consumption.
Change product code when importing, adding additives, even hiding in the form of scrap. Millions of tons of foreign iron and steel have been rushing into Vietnam.
Representatives of some steel enterprises said that the situation of importing steel products with “alloy” elements so that the import tax rate of 0% instead of 5-10% (depending on type) has been reflected for many years but still take place continuously. The director of a steel-making enterprise in the south said that during the manufacturing process, the product had been removed from boron (boron element) or chromium to be named “alloy steel” to have import tax rate 0 %, but actually all of this steel is imported into Vietnam for construction. Of course, this product is cheaper than domestic brand-name construction steel and is mostly consumed in provinces and remote areas. More importantly, there are products that are cheated on raw materials such as reducing the thickness of the product, mixing impurities will reduce the quality of steel. There are even units when importing steel but declare completely different products such as marble products, toilets …
The state failed to collect taxes and enterprises struggled
Import statistics for the past 5 years by the customs authorities also show that the number of violations in the import of iron and steel is leading with 83 times, chemicals are 37 times, textiles are 12 times …
To protect domestic production, Vietnam has applied anti-dumping duty on iron and steel products imported into Vietnam. But these measures have almost no effect.


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The 2013 SEMA Show includes more than 90 seminars focused on helping auto-related business professionals sell more products and be more productive.
SEMA Show News
A new SEMA member benefit makes it easier for qualified buyers to navigate and do business while at the 2013 SEMA Show, taking place Tuesday-Friday, Nov. 5-8, 2013, in Las Vegas, Nevada.
The Official SEMA Show Press Conference Schedule makes it easy for credentialed media to obtain news and announcements during the event taking place November 5-8, 2013, in Las Vegas, Nevada.
The SEMA Education Institute (SEI) will host a webinar specifically geared towards first-time SEMA Show buyers on Thursday, October 10 at 10:00 am Pacific time. The webinar will be presented by Tom Gattuso, SEMA Show director and Susan Schwartz, president of Show management company ConvExx.
To showcase the industry's top trend-setting vehicle models, the SEMA Awards will be announced and presented to winning automakers during the 2013 SEMA Show in Las Vegas, Nevada, held Nov. 5-8, 2013. Through the program, SEMA exhibitors that make the products and accessories for today's popular models, will identify the vehicle platforms they believe are best for accessorizing, and ideal for showcasing the coolest new products.
As exhibit space reaches capacity at the Las Vegas Convention Center, SEMA Show organizers are focused on educating exhibitors and buyers on how to get the most out of the annual event taking place Tuesday-Friday, November 5-8, 2013, in Las Vegas, Nevada.
Among the new attractions at the 2013 SEMA Show will be Cars & Coffee - SEMA Edition. Taking place in the outdoor patio on the south side of the LVH (adjacent to the LVCC North Hall) from 8:00 - 9:00 am each morning of the Show, Cars & Coffee gives attendees a great place to start their day.
The SEMA Show Exhibitor Services Manual (ESM), considered by many to be the ultimate guidebook for preparing for the SEMA Show, has been redesigned to feature a new look and easy navigation. Available online at www.SEMAShow.com/esm, the resource includes general information about exhibiting at the upcoming event, a list of cost-saving deadlines (www.SEMAShow.com/deadlines), and all the online forms an exhibitor needs to secure booth items at the Show taking place Tues.-Fri., Nov. 5-8, 2013, in Las Vegas, Nevada.
With more than 15,000 international buyers expected at the 2013 SEMA Show, exhibitors at the upcoming event have an opportunity to learn about new markets and what they can do to grow their businesses internationally.


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UK: SuperGroup “on track” after Q2 sales surge
- Q2 group sales up 20.3% to GBP98.4m
- UK retail sales up 32.2% to GBP52.2m
- Wholesale revenues up 14.4% to GBP48.4m
Fashion business SuperGroup said it was on track to deliver profits in line with market expectations after sales surged by 20.3% in the second quarter.
Like-for-like sales in the UK in the three months to 28 October rose 5.8%, assisted by the cold weather, particularly in the latter part of the quarter, and the impact of lead brand Superdry’s new autumn/winter ranges.
The company said wholesale orders from Europe and the rest of the world had continued to show significant growth, offset by an expected decline in UK demand.
Describing the results as “solid”, CEO Julian Dunkerton said: “We recognise that economic conditions remain challenging, but through our sales performance to date we can see that the Superdry brand remains in good health and is well-positioned ahead of our peak trading.”
- New wage ladder lifts workers towards living wages
- US retailers to face logistics issues into 2015
- African apparel sector needs cooperation to thrive
- New scenarios driving sustainability in textiles
- UK fashion sector prospects depend on partnerships
- Bangladesh worker dies as factory boiler ruptures
- Eight footwear factories lead on social compliance
- Global unions join forces on apparel wage poverty
- Gap unveils management changes as Q3 profit rises
- Low cotton prices lead to government intervention


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The campaign is urging these personal care giants to support the existing ban on testing cosmetics, their ingredients on animals in India and the proposed ban on the importation of animal-tested cosmetics.
According to PETA, the initiative follows high-level meetings in which the IBHA and some of its members “made clear that they are in favour of weakening the ban and continuing animal tests and/or are against the proposed ban on the importation of cosmetics whose ingredients or finished products were tested on animals.”
"Consumers have a choice when they go shopping, and most want to ensure that they are purchasing only brands that do not support cruelty to animals. Through our online campaign, we'll be getting consumers involved to urge these companies to modernise and to support, not obstruct, efforts to stop animal testing for cosmetics in India", says Poorva Joshipura, PETA India CEO.
Cosmetic companies are making efforts in animal testing alternatives though...
Contrary to PETA's comment, a vast amount of cosmetic companies have been speaking out against animal testing of late.
Around 1,400 beauty brands from different corners of the globe, including Lush and The Body Shop as well as the Indian companies Cosmoceuticals,Omved Lifestyle, Shahnaz Husain, Trumount, Future Skin,Vicco and others refuse to test their products on animals.
IBHA's own member Cholayil has already assured PETA India that it does not test on animals.
Following efforts by PETA, Women and Child Development Minister Maneka Gandhi and others, animal testing for cosmetics and their ingredients was banned by the Ministry of Health & Family Welfare, effective 21 May 2014, via a Gazette notification amending the Drugs and Cosmetics Rules, 1945.
The ministry also published a draft notification for a ban on the importation of cosmetics tested on animals abroad on 5 May 2014. Such a move would bring India in line with the European Union and Israel, which have already banned the marketing and sale of animal-tested cosmetics.
Israel has also banned the marketing and sale of animal-tested household products.


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Goya Foods uses a variety of lift trucks and racks to optimize operations and productivity at its distribution centers. Goya and its lift truck distributor also collaborated to develop a custom machine suited for drive-in racks, said John Quinones, director of operations in Jersey City, N.J.
The supply chain industry continues to struggle under limited capacity and the need to invest in technology to keep growing, according to a report from CSCMP. Total spending in the logistics industry has grown to nearly $1.5 trillion in 2017, with higher interest rates, tariffs and rising fuel costs expected to further increase costs.
Machines designed with safety controls in mind reduce workplace incidents while increasing productivity, write Joaquin Ocampo, Allen Tubbs and Tim Loria of Bosch Rexroth. "A good start for implementing safety functions would be to conduct a risk assessment," they note.
FedEx's new rates include increasing its Additional Handling surcharge for packages over 70 pounds from $12 to $20 and its Unauthorized Package Charge from $300 to $675. In addition, there will be an incremental peak season increase on certain packages from late November to late December.
Target has named John Bauer as its new senior vice president of global inventory management, effective Aug. 20. Bauer has worked at TJX Cos. since 2012, most recently as logistics chief, and his resume also includes a previous eight-year stint at Target.
Popular but dubious recommendations for leaders include focusing only on your strengths, being authentic at all times and worrying about how you pose, argues Marc Effron of The Talent Strategy Group. "Be a critical consumer and realize that management advice that sounds too easy to be true, very likely is," he writes.
Amazon invested $386 million into Amazon Seller Services, a component of its Amazon India arm, upping its full investment in the country to about $4 billion over the past five years. The company is investing heavily in warehouses and logistics operations.
Grainger is the highest-ranking e-commerce distributor on Apruve's recent rating report for online industrial distributors. HD Supply, Global Industrial, MSC Industrial Supply and Motion Industries round out the top five.
Sysco posted earnings of $448.93 million on revenue of $15.32 billion in its fiscal fourth quarter, both figures increasing from the year before. Full-year revenue was $58.73 billion, with a profit of $1.43 billion.
Metal cutter Greno Industries has become a top supplier for the aerospace and defense industry by working with industry groups to secure the proper certifications. The company participated in a National Institute of Standards and Technology supplier pilot offering and used the resulting analysis to reduce operational bottlenecks.