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NEW YORK, NY – May 6, 2019 – L'Oréal USA today announced a call for applications for the 2019 Women in Digital NEXT Generation Awards, a program—now in its seventh year—that supports female leaders who are set to revolutionize the beauty industry. The 2019 Women in Digital NEXT Generation Awards are presented in partnership with Alice, the AI-powered platform for entrepreneurs. This year’s program will award three female founders with grants of $25,000 each and foster a community to help creative, ambitious entrepreneurs scale their businesses and transform the beauty experience.
“L’Oréal has always been committed to empowering women, and we have seen that female founders often face unique challenges when scaling their businesses,” said Rachel Weiss, VP, Digital Innovation and Entrepreneurship at L’Oréal USA. “It’s for this reason that this program centers around the most crucial needs for women entrepreneurs: funding, mentorship, and community. Women in Digital aims to help fuel the businesses that are defining the future of beauty.”
L’Oréal USA welcomes female founders and executives who have spearheaded meaningful new technologies and interfaces, beauty services, retail experiences and digitally native brands that address the needs of the modern beauty consumer.
How to apply:
- Join the L’Oréal USA Women in Digital community on the Alice platform—a network for applicants, founders and former winners alike. This community will provide centralized resources for founders.
- Complete the NEXT Generation Awards application.
- Get involved in the Women in Digital community in the lead-up to the winner selection.
Women in Digital on Alice: A robust community for everyone, with access to year-round resources
L’Oréal USA knows the importance of community for entrepreneurs, and for that reason, it is activating the Women In Digital community on the Alice platform to be a year-round resource for all participating entrepreneurs from all over the United States. This program is about much more than a financial reward: it is an opportunity to bring together some of America's brightest entrepreneurial minds to share resources and scale their businesses.
- Every applicant of the Women in Digital NEXT Generation Awards will receive guidance, support, mentorship and opportunities, regardless of whether they are selected as a finalist.
- All applicants will be invited into the L’Oréal Women in Digital community on Alice, which provides access to peer-to-peer mentorship, business coaching, resources to scale, discounts on services and connections to enterprise partners and media.
“L'Oréal USA's Women in Digital program is an incredible example of what can happen when large companies put their money, influence and expertise directly into the hands of women entrepreneurs,” said Elizabeth Gore, president and chairwoman, Alice. “At Alice, our data tells us that capital is the number one need for women entrepreneurs, and this initiative is directly filling that need. We also know that women make around 90% of household purchasing decisions, so who better to innovate the beauty industry than women?"
An expert panel of judges, comprised of industry veterans
Applications will be reviewed by an expert panel of ten judges: five executives from within L’Oréal—including Carol Hamilton, Group President of Acquisitions for L’Oréal USA, and Lisa Price, the founder of Carol’s Daughter—and five industry experts from the beauty and tech industries at large, including Kirsten Green, founding partner of Forerunner Ventures, and Kat Manalac, partner at Y Combinator.
Previous Women in Digital winners include Kathryn Minshew, founder of The Muse, Morgan DeBaun, founder of Blavity, and Doreen Bloch, founder and CEO of Poshly.com, among other leading entrepreneurs.
Applications are open now through June 12, 2019. Finalists will be announced in September 2019. For more information and to apply, visit www.lorealwomenindigital.com.


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People say New York City is the most expensive city in the world to live in. “Horse feathers,” I say, immediately before Googling the term “horse feathers” to see if it means what I think it does.
As long as you have no intentions of living in a Manhattan penthouse or eating diamond-encrusted Berkshire pork tournedos served on the back of one of P. Diddy’s man servants every night, you can amble fairly comfortably along the boulevard of low-cost living. Living on Hilton Head was equally if not more expensive, simply because there weren’t that many damn options for stuff, like restaurants, bars, stores, etc. The lowest cost place to eat was a fried seafood shack, of little use to a vegetarian other than its cultural significance (it was once visited by Rachel Rachael Ray, of course).
It’s all just perspective.
An example of the change in my life living in the city vs. living on Hilton Head:
Today I paid $11 for four bottles of Two Buck Chuck (actually Three Buck Chuck in New York City), including employee discount.
In August, I sat at the bar at MichaelAnthony’s on Hilton Head and ordered one glass of house cabernet . The tab? $15.
The wine was just OK too. That’s not even to mention the universal mediocrity of the dozens and dozens of island restaurants, few of which I could get excited over even after four years getting to know every corner of the island. The biggest iconic restaurant on the island, the Salty Dog Cafe, had a near-ubiquitous market presence on souvenir T-shirts, stickers and the like. But the food, as Justin Paprocki’s mom once aptly phrased it, was largely “unremarkable.”
Frank Chapman, a former mayor who died last year, was despised by the local tourism industry for his “turning the welcome mat over” attitude toward the island. This quote in 1995 was his undoing:
At a meeting of the Hilton Head Hospitality Association, Chapman gave his opinion on island restaurants.
“They’re too expensive, and the food’s bad,” he said.
The comment caused an outcry and a swell of support for the more pro-tourism candidate who defeated Chapman in an election that year (and has been mayor ever since).
The problem the island faces today is one of obsolescence. Its strict development rules and laissez-faire attitude toward business development worked fine in the early years to keep away monster beachfront development. But now the buildings have begun to crack with age, the amenities have a warmed-over feel and people are clamoring for new options like a modern movie theater and shopping.
Those visitors are starting to look towards other fresher options in Myrtle Beach and Charleston instead. For a long time, island businesses and leaders took for granted that people would keep coming back to their sleepy resort town, even as mainland strip-mall sprawl and crippling traffic made the trip less and less attractive every year, transforming the drive to the island from a rural passageway into a speeding highway past the mattress suppliers, chain restaurants and payday advance storefronts of Anywhere, USA.
Chapman got the boot — maybe justifiably — because he told restaurants they weren’t trying hard enough to provide worthwhile and unique experience for the island. It created an unacceptable public image of a tourism town with an anti-tourist mayor.
But no one seemed to stop and wonder if maybe he had a point.

domain: news


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The company has received initial approval for a store value facilities and retail payment service provider license from the Central Bank of the UAE, it said in a statement to the Dubai Financial Market, where its shares are traded.
A digital wallet stores users’ credit and/or debit card information and links it to a payment gateway to allow purchases at a point of sale.
Customers can use the Al Ansari digital wallet to receive their salaries, remit money domestically and abroad, settle bills, and access digitally enabled services by using a personal QR code, a dedicated app or their phone number, according to the statement.
“With a consumer base exceeding 4 million customers, we are confident that this initiative will significantly benefit a large segment of consumers across the UAE,” Rashed Al Ansari, group chief executive of Al Ansari Financial Services, said.
“Our aim is to simplify the financial experiences of our users, providing them with the freedom to manage and access their funds while prioritising responsible financial practices.”
Globally, the Covid-19 pandemic spurred the faster adoption of digital payments, particularly contactless payments, due to heightened awareness about the spread of the virus through banknotes and coins.
Almost two thirds of people in the UAE, or 64 per cent, expect the country to become fully cashless by 2030, a 2020 poll by Standard Chartered revealed.
The Emirates also ranked as the eighth-most cashless society in the world in 2021, a report by UK-based price comparison website Money.co.uk said.
The global digital revolution transformed the financial services sector, spurring fiscal inclusion and leading to more people than ever before having access to a bank account for the first time, the World Bank’s Global Findex 2021 report said.
About 22 per cent of the GCC’s population is unbanked, compared with 60 per cent in North Africa, according to a report by consultancy Strategy&.
In the Middle East and North Africa region, 79 per cent of young adults are unbanked and 72 per cent of the poorest citizens can benefit from financial inclusion, the Arab Monetary Fund said.
Al Ansari Digital Pay’s platform is designed to provide a “seamless” peer-to-peer transfer solution and a “comprehensive payment experience” for all UAE-based customers, the company said.
The digital wallet will empower users with the tools required to make prudent financial decisions, giving them purchasing power and access to funds and transaction history for both personal and business needs, the company added.
It will also offer micro-financing options through strategic partnerships with licensed financial institutions, “contributing to financial empowerment and inclusion”, Al Ansari said.
"This advancement brings the Al Ansari Financial Services Group one step closer to creating an optimised and diversified digital one-stop-shop marketplace," it added.


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Purchase a piece of Arapahoe Basin history
Vail, CO Colorado
SUMMIT COUNTY – Arapahoe Basin will soon begin selling a coveted item in High Country home decor. On May 1, chairs from the Exhibition Lift will go on sale, as the ski area prepares to replace it with a detatchable quad.
The Exhibition triple chairlift has been turning since 1978, and it moves more people around the ski area than any other lift each ski seaon. Of the lift’s 118 chairs, 110 will be available for purchase on a first-come, first-served basis for $450 apiece. Local nonprofits will use the remaining chairs for fundraising purposes.
“The Exhibition lift is a great lift with few maintenance issues, but now is the time to replace it,” A-Basin chief operations officer Alan Henceroth said. “The new lift will have increased capacity, shorter ride time and easier loading. It will provide rapid, easy access to the upper mountain, Montezuma Bowl, and Black Mountain Lodge.”
The new lift, dubbed Black Mountain Express, will have a capacity of 2,000 people per hour, a length of 2,877 feet and a vertical rise of 719 feet. Ride time from the base area to mid-mountain will be just shorter than three minutes – half the time of a ride up Exhibition. Construction is scheduled to beging around mid-June and will not impact the current season’s closing date, tentatively scheduled for June 6.
The eight donated Exhibition chairs will go to the Summit Foundation, High Country Conservation Center, Team Summit, Summit County Community Care Clinic, Colorado Avalanche Information Center, the Family and Intercultural Resource Center, Friends of the Dillon Ranger District and the Keystone Science School.
Sale of the chairs will begin online at 8 a.m., Saturday, May 1, at http://www.arapahoebasin.com. The chairs will be available for pick-up on June 11 and 12 at A-Basin.
A pick-up truck or similar vehicle is recommended to transport the chairs. Arapahoe Basin will not take reservations in advance for the purchase of the chairs. All sales are final, and chairs should be used at the purchasers’ own risk.


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Leading cryptocurrency exchange Coinbase is expanding the number of traditional fiat on-ramps. It will utilize the stablecoin USD Coin (USDC) to attract global traders and investors who are seeking to store value and hedge against inflation, and also make crypto trades by minimizing price swings. The company says that USDC trading is now available in 85 countries on Coinbase and Coinbase Pro.
According to the announcement,
“For new customers in countries like Argentina and Uzbekistan, where consumer prices are expected to inflate by 10–20% in 2020, stablecoins like USDC could provide an opportunity to protect against inflation. We won’t fully realize this vision without increasing the number of traditional fiat on-ramps, which we are committed to expanding where possible.”
USDC, Coinbase’s stablecoin collaboration with crypto services company Circle, is pegged 1:1 with the US dollar, unlike other cryptocurrencies that are not backed by the dollar and are subject to market volatility.
Coinbase is adding trading between cryptocurrencies to 50 new countries. The additional listings are part of the company’s strategy to grow the cryptosphere and expand its trading platform, which was only available in 32 countries one year ago.
The latest expansion opens the platform to millions of people living in the following countries: Angola, Armenia, Aruba, Bahamas, Bahrain, Barbados, Benin, Bermuda, Botswana, Brazil, British Virgin Islands, Brunei, Cameroon, Cayman Islands, Costa Rica, Curaçao, Dominican Republic, Ecuador, El Salvador, Ghana, Guatemala, Honduras, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Macau, Maldives, Mauritius, Mongolia, Montenegro, Namibia, Nepal, Nicaragua, Oman, Panama, Paraguay, Rwanda, Serbia, South Africa, Taiwan, Trinidad and Tobago, Tunisia, Turkey, Uganda, Uruguay, Uzbekistan and Zambia.
Coinbase has also just launched XRP trading for residents in New York.
XRP (XRP) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XRP on https://t.co/bCG11KMQ6s or using our iOS and Android apps.https://t.co/5VE1WklrWo pic.twitter.com/Zp5odgaoHs
— Coinbase (@coinbase) May 13, 2019
Coinbase initially introduced XRP trading to Coinbase Pro in February, allowing customers to buy and trade XRP with Bitcoin, the US dollar and the euro.[the_ad id="42537"] [the_ad id="42536"]


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WhatsApp introduces new fingerprint lock for android phones
Earlier this year, the company said, it rolled out Touch ID and Face ID for iPhone users to provide an extra layer of security for WhatsApp users. "Today we’re introducing similar authentication, allowing you to unlock the app with your fingerprint, on supported Android phones," the company said in a statement.
Samsung rolls out software update to fix fingerprint scanner bug in Galaxy S10, Note 10
The tech giant advised users who use silicon covers t...
Galaxy S10 fingerprint flaw allows anyone to unlock phone, Samsung says it's rolling out a fix
The tech giant said it was investigating the i...
Samsung takes a leaf out of Apple's book; introduces 'slowfies' in new Galaxy S10 update
As of now, the update is available only in Germany and Switzerland.
For your eyes only: Pixel 4's security glitch unlocks phone even when owner is sleeping
The glitch is likely to be fixed by an upcoming software update.
Redmi Note 8 review: Impressive camera quality, a good buy for gaming enthusiasts
Low-light imaging of the handset is likely to be appreciated by most.
Samsung Electronics third-quarter net profit slumps 52%
"Earnings from the memory business slumped significantly year-on-year as memory chip prices continued its downward trend," the company said. Samsung also faces challenges from the US-China trade war and tough export restrictions imposed by Tokyo on key supplies as part of a dispute with Seoul over wartime forced labour.
A safer & smarter iPhone coming up? Apple may add in-display fingerprint scanner, face ID to new device
Apple introduced fingerprint scanning on iPhones in 2013.
Pixel 4 face ID can unlock phone even when you're sleeping
The feature works even when users' eyes are closed.
CIA got initial tip-off from one of Abu Bakr al-Baghdadi's wives and a courier: Report
The Central Intelligence Agency worked closely with Iraqi and Kurdish intelligence officials in Iraq and Syria to identify more precisely Baghdadi's whereabouts and to put spies in place to monitor his periodic movements, the report said.
Samsung Galaxy Note 10 India launch: No bezels screen, in-display fingerprint sensor; devices to come with S Pen
The devices were launched at the Samsung Opera House in Bengaluru.
India offers unprecedented opportunities: Tata Motors chief Guenter Butschek
Guenter Butschek, Tata Motors CEO and MD, advised graduating students of Nirma University that "we may say there is too much talent and too little opportunities in India, but the best talent will always find a way."
Good news, Android users! WhatsApp rolls out 'Fingerprint lock' feature for few users
When this feature is enabled, users will have to use fingerprint to open WhatsApp.
CDSL and Uniken collaborate on security solution for mobile applications
The security solution will enhance multi-factor authentication based on 1:1 cryptographic keys with device fingerprinting, among other things.
Motorola One Macro with camera quad sensor launched in India at Rs 9,999
Motorola One Macro has made its global debut in the Indian market.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service


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Moola.com unveiled the worldâ€™s first Massively Multiplayer Rewards Game (MMRG), combining a multiplayer game environment with an ad-supported cash rewards program. Mooola enables anyone to win up to $10 million in cash by playing and winning head-to-head matches, interacting with video advertising, searching the web, referring their friendsâ€“ and now by shopping online with the new BoosterBar browser companion. With over 175,000 registered members and millions of dollars up for grabs, Moola is leading the next evolution in the multi-billion dollar casual gaming industry.
The BoosterBar (which is available exclusively to Moola players) gives players the opportunity to collect and win Moola cash when they shop online and search the web. The BoosterBar makes shopping recommendations, displays available coupons and discounts at participating retailers, and ensures that players never miss an opportunity to collect rewards when shopping online.
Originally posted on November 19, 2007 @ 2:41 pm


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Picture this. A sysadmin turned self-described tech journalist wakes up. He grabs his phone and the first app he opens is TikTok. To his surprise, a video plays about Kendrick Lamar going after tech companies. He’s launching a phone called the Light Phone II to fight surveillance capitalism. But there’s something off about the video.
The voices in the video sounds very robotic, using random images, cuts from memes, and clips from music videos.
Now, as someone who’s immersed in tech news on the daily, I’ve never heard of this phone before. Nobody covering phones is talking about it. And I don’t mean like mainstream news outlets covering everything but the genocide on Gaza. It’s like this isn’t really news at all.
And that’s because it isn’t. Or at least it isn’t as big of news as they want you to believe.
What’s actually happening with the Light Phone II?
The phone in question is the Light Phone II, a phone that was initially released in 2021 by Light. It is a basic phone with LTE connectivity using an eInk display similar to that of a Kindle Paperwhite. It runs a stripped down version of Android (who knows what version) and has very basic apps. It’s meant to help you unplug (both in a surveillance way and a self-care way).
This phone was covered some time ago by PC Mag who “first reviewed two years ago but has since seen numerous software updates”. It was also covered by Business Insider back in 2021. However, Business Insider seemed to have also covered the Kendrick Lamar version recently.
The Kendrick Lamar version is the same phone as a couple of years ago. This time around, it is in partnership with Lamar’s creative services company, pgLang (short for program language). Only a number of these phones were made and are already sold out.
The thing is, if you go to Light’s website, you can still get the same phone at the same price. All pgLang did was create scarcity out of nothing and gamed SEO.
So, what’s the big deal?
There are a couple of problems with what’s going on.
First, it’s the marketing of this product. We are now in a society where everything is being copied or slightly modified to just make it seem like it’s new. Apple, Samsung, and Google are guilty of this, too. But at least those companies innovate on something, however small, to differentiate between models. The pgLang Light Phone II only has “Light” on the back and is a different color. Not to mention Lamar’s name attached to it.
Also, while they are fighting surveillance capitalism, they are still capitalists by drawing artificial scarcity out of a product by attaching a celebrities name on it and limiting the amount of devices. Sure, we’re talking about it (which goes to marketing). But if you are going to fight surveillance capitalism, fight both surveillance AND capitalism.
It just really bugs me when people say that people are taking on the system when they aren’t. It’s nice to look like you are bucking a trend, but if you aren’t really going to fight the system and use something I’m passionate about to fake it, I feel I have to call you out for it.
Just stop it! It’s bad enough people don’t trust science and technology as it is. Don’t make it worse with snake oil.


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If you used Yahoo in 2014, your login information is likely in the hands of hackers.
Yahoo reports that a security breach compromised the login information for at least a half a billion End users.
Among the stolen information includes names, email addresses, telephone numbers, birthdays, and in some cases, unencrypted security questions and answers.
If you had not changed your passwords since 2014 Now would be a good time to do so.
Yahoo was prompting affected accounts to change their passwords and those old security questions and answers no longer will work to retrieve your account because they were part of the data breach.
But even if you changed your password, you still have to worry about identify theft with birthday, phone number, and security answers out there.
And it could also be used to access other accounts on other services.
So who is responsible?
Yahoo says it was done by someone paid by a government agency, although which government isnt said And so it's hard to really be sure in these kinds of incidents.
The hack was first revealed in August but it's only now, after a two month investigation, that we're learning how many accounts were affected.
I'm Bridget Carey, you can keep up with the hottest tech news at cnet.com/update.
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While the influencer boom has created virtually unlimited options for brands to reach fans, it also created a serious problem for Adidas: consumer fatigue.
Adidas instead is looking to create its own influencers, driven by the insight that a large part of its target audience wants to create their own fame but couldn’t because they lack the global reach a business like Adidas does. What started as a low-key network of micro-influencers who promoted Adidas on dark social platforms like WhatsApp in 2015 has evolved into a collective of brand ambassadors at a global level. Still, chances are you won’t recognize the star of Adidas’ recent global ads.
Four years ago, Ehsan Abassi was one of 70,000 people who took part in a series of street football events run by Adidas. Shortly after, he was recruited to join the brand’s network of micro-influencers and eventually became a fully fledged member of its Tango Squad FC football team of influencers. Somewhere along the way, Abassi went from a local influencer to a bona fide brand ambassador. Now, he can be found alongside footballers Lionel Messi and Paul Pogba, the stars of Adidas’ football business, in a series of global ads.
Abassi’s emergence as one of the faces of Adidas is emblematic of how crucial influencers like him are to the brand’s ongoing attempts to mine shifting cultures around sports, particularly football.
The most recent example of the strategy was the Tango Squad FC show. For the last two seasons, Adidas has featured some of the best street footballers from its network of micro-influencers in a series that charts their journey as the brand’s first social media football team. There were 12 episodes for the first season and 11 for the second. Some episodes were as short as eight minutes, while others were as long as 40, for example. Not having predefined times meant each episode was as long as it needed to be without unnecessary padding, said Gareth Leeding, group creative director at We Are Social, who worked on the campaign.
When it came to charting the structure of each episode, the Adidas took inspiration from Netflix’s use of viewing data to commission content. Adidas’ marketers used data from YouTube to help decide what players to focus on and the frequency of scene change as well as spot where in each episode viewers replayed repeatedly to watch certain skills. Reviews of the data were done at the start of each season, at the midway point, and after each episode. The conclusions were then used to steer the production team’s choices when it came to the content commissioned and direction of the season.
Instagram’s video channel IGTV was also featured on the broadcast cycle for the show. Some episodes had behind-the-scenes content that was posted to IGTV throughout the series. For now, IGTV is still in the test-and-learn pot when it comes to how much Adidas creates for it.
“Whether it’s through paid media or on Stories on either Snapchat or Instagram, there’s a place for six-second ads to promote your latest product,” said Stephen Cleary, social media manager at Adidas Football Global. “We needed the longer format to tell stories with these kids who are at the start of an amazing journey. The challenge is how we sell this content in a way that we know our consumers will want to watch.”
The episodes racked up 41 million views across YouTube, Facebook, Instagram and Twitter over two seasons, nearly half of which happened on YouTube where there were 17 million unique viewers, according to Adidas. Those views amounted to over 100 million minutes on the video site over the same period. Subscriptions to Adidas’ football-focused YouTube channel were also boosted by the show, said Cleary, who declined to say by exactly how much but acknowledged it played a role in getting the number up to 1.4 million over the last 18 months.
Beyond reach, softer, brand-oriented metrics were prioritized when evaluating the micro-influencer-led show. When it came to tracking engagement across influencer Jack Downer’s profile, Cleary said the advertiser focused on its branded presence on his Instagram account and how well his fans responded to those posts versus others.
“It’s a different approach to working with someone purely based on the very large following they have and the reach that offers,” said Cleary. “Someone like Messi has his own ranges and footwear that we can track against, so it’s quite hard to compare metrics we’d use for those posts with what Downer does, for example.”
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Ad position: web_bfu


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South Korean battery maker LG Energy Solution Ltd. is considering аn expansion оf its production in thе US in а bid tо triple sales from energy storage systems, according tо а senior executive.
LG is reviewing further investment in thе US, after unveiling а $2.3 billion spending plan in March tо produce grid-scale batteries fоr storage in Arizona, said Chang Seungse, whо leads thе company’s ESS business. North America will account fоr uр tо 70% оf LG’s ESS sales bу 2030, helping triple its total revenue from thе sector in thе next five years, hе said.
Chang declined tо give аnу details оn thе additional investment in thе US.
Thе Korean manufacturer’s foray in thе US underscores its effort tо fend оff Chinese producers аnd regain clout in thе energy storage sector. Thе company will focus оn supplying higher-end storage systems in North America, specializing in premium products аnd will benefit from thе tах credits doled оut bу US President Jое Biden’s Inflation Reduction Act, Chang said.
“It would bе hard fоr Chinese suppliers tо compete directly with us in thе US,” hе said in аn interview before heading tо Lаs Vegas fоr RE+ 2023, аn industry trade fair. “It’s nоt in оur plan tо play а market-share game with China.”
Thе expansion plans come after а spate оf fires between 2017 аnd 2019 аt energy storage sites in South Korea sapped thе sector’s growth in thе country, аnd prompted stricter government regulations. Safety is considered оnе оf thе kеу factors hampering Korea’s efforts tо decarbonize its power grid.
As South Korean ESS battery manufacturers grappled with safety concerns, their biggest rivals in China seized more оf thе global market. Contemporary Amperex Technology Cо. аnd Evе Energy Cо. have both seen their shares rising tо around 43% аnd 7.8%, respectively, while LG’s share plunged tо 7.5% last year from almost 18% in 2021, according tо а report from Seoul-based SNE Research.
Soaring domestic demand in China hаs also benefited Chinese producers. Thе global ESS market is forecast tо record а 23% compound annual growth rate, with China overtaking thе US аs thе largest energy storage market bу 2030, according tо а report from BloombergNEF.
LG is looking tо usе its expertise in EV batteries — it’s а supplier tо global automakers including Tesla Inc. аnd General Motors Cо. — in thе ESS market. Thе company will accelerate its development аnd production оf batteries based оn lithium-iron-phosphate, оr LFP, that аrе relatively safer аnd cheaper than nickel-cobalt-manganese cells conventionally used in storage systems, Chang said.
“LFP will remain thе dominant battery storage chemistry fоr thе stationary storage market until 2030, making uр 65% оf thе ESS battery storage chemistry miх in 2030,” said Helen Kou, а BloombergNEF analyst. “It is essential fоr LG ESS tо invest in LFP technology tо compete with its battery provider peers.”
LG is also looking beyond thе battery manufacturing segment, Chang said. Thе company will hire more software engineers tо help operate massive energy storage systems. Having more advanced аnd integrated software capabilities is critical tо ensure battery safety, аs well аs creating nеw revenue streams, hе said.
Chang, а former consultant whо turned 50 this year, signed major supply deals with European carmakers such аs Volkswagen AG, which lеd tо thе construction оf thе region’s biggest battery plant in Poland, before becoming LG’s head оf ESS last year.
“The competition will only gеt tougher with China,” hе said. “We’ll only win this game if wе саn differentiate ourselves bу becoming аn all-round solutions provider whо offers nоt just reliable аnd safe batteries, but also thе entire software system.”
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LONDON — Mulberry, the British accessories and ready-to-wear brand, said Thursday that net profits fell 13 percent to 3.4 million pounds, or $6.9 million, on a 13.5 percent increase in sales to 51.1 million pounds, or $102.7 million, in the year ended March 31.
In the previous year, profits were 3.9 million pounds, or $7.9 million, on sales of 45 million pounds, or $90.4 million. All dollar figures have been converted from the pound at average exchange rates for the period.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)


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NEW YORK — Frits van Paasschen is standing with his bike on the edge of Central Park. Its a brisk autumn morning. The city has yet to fully wake, but hes eager to ride.
The CEO of Starwood Hotels & Resorts best known for brands such as Sheraton, Westin, St. Regis and W exercises six days a week no matter where he is in the world. These are not light workouts. Van Paasschen, 52, just completed his first Ironman triathlon 2.4 miles of swimming, 112 miles of cycling, and a 26.2-mile run. It took 12 hours and 44 minutes.
Since taking over as CEO in September 2007, van Paasschen who is vegan has injected parts of his lifestyle into Starwoods hotels. Hes changed menus to make them healthier, for instance, and made it easier for road warriors to work out.
The whole idea is that you'll feel better after your stay, van Paasschen says. It doesnt matter that nearly three times as many guests use Sheratons free lobby computers than use the hotel gym. Its important that the gym is available. It strikes me that more people have the intention of working out than not.
The number of Starwood hotels has grown 28 percent during van Paasschens tenure to 1,150 today and is expected to hit 1,500 by the end of 2018. His company isnt the largest; Holiday Inn owner InterContinental Hotels Group holds that title with 4,600 properties worldwide. But Starwood is trying to position itself as the biggest luxury hotel group. One out of every seven hotels that Starwood has planned is a luxury property.
The company has announced plans for two new Aloft Hotels in the Triangle in just the past month a 134-room hotel to be built between the Durham Performing Arts Center and the Durham Bulls Athletic Park in the American Tobacco Campus and a 135-room Aloft Hotel across from N.C. State Universitys Bell Tower on Hillsborough Street.
People are surprised to hear how fast the luxury segment is growing, van Paasschen says. Our three luxury brands W, Luxury Collection and St. Regis have essentially doubled their footprint in the last six years, even with the financial crisis.
Most growth overseas
Most of that growth is overseas.
Starwood, based in Stamford, Conn., opened 67 new hotels in the past 12 months. Only a third of them were in the United States. The focus for van Paasschen has been on China, the United Arab Emirates, India and Latin America.
The hotel business grows alongside economic growth, he says. So as you can imagine, wherever theres the kind of massive growth and urbanization were seeing in so many markets around the world, thats where the majority of new hotels are being built.
It seems to be working. In the past 12 months, Starwood has earned $649 million, up about 12 percent from the prior year. Its revenue per available room a combination of occupancy levels and room rate is up 4.2 percent systemwide this year and an impressive 8.5 percent at its luxury properties.
Before arriving at Starwood, van Paasschen was CEO of Coors Brewing Co. Before that, he held several positions with Nike, ultimately overseeing its business in Europe, the Middle East and Africa. He was previously a vice president in finance at Disney Consumer Products and began his career as a consultant at the Boston Consulting Group and McKinsey & Co.
No extravagant demands
Starwood has made a concerted push to win over road warriors who spend 50, maybe 100, nights a year at hotels. Last year, it introduced a personal ambassador service for its most frequent guests, a personal point of contact to handle their needs.
About 2 percent of our travelers account for about 30 percent of our profitability, van Paasschen says. What I think is surprising is that they actually dont have very extravagant demands. But what they want are a few things consistently executed.
That often means a microwave in the room for popcorn, having the temperature set in advance or stocking the fridge with Diet Coke. Big requests only come when they are traveling with their families.
Folks who travel as much as they do, they do want to be a hero, van Paasschen says. They want to make up for it somehow.
Staff writer David Bracken contributed.


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China’s EHang, an autonomous aerial vehicle (AAV) technology platform company, announced it has formed a strategic partnership with Charoen Pokphand Group (C.P. Group), to lay the groundwork for a joint venture in Thailand for AAV sales and urban air mobility (UAM) operations.
The two parties intend to leverage their resources in a long-term comprehensive collaboration on AAV product sales and marketing, regulatory compliance, business development, infrastructure deployment, and talent cultivation for future UAM operations.
C.P. Group is comprised of eight business lines and 14 business groups, covering various sectors of agriculture-industry and food, retail and distribution, media and telecommunications, e-commerce and digital, property development, automotive and industrial products, pharmaceuticals, etc. The partnership opens up cross-sector cooperation opportunities for C.P. Group and EHang and sets up a solid foundation for potential use cases for EHang AAVs in various scenarios such as in aerial sightseeing, cargo transportation, last-mile delivery, city air taxi, smart city management, etc., in Thailand and beyond, the companies said.
“By joining hands with EHang, a global pioneer in the autonomous eVTOL industry, we’ve made a step further toward our commitment to driving our businesses, society, and the environment closer to sustainability and exploring a new zero-carbon air mobility mode for the community,” said Thanakorn Seriburi, senior vice chairman of C.P. Group. “Through leveraging EHang’s unique AAV technologies and efficient and eco-friendly UAM solutions for different industries, I believe our partnership will further create synergies among C.P. Group’s industrial, aviation, smart city, food, retail, pharmaceutical and other business lines, and will unlock opportunities on a diversified UAM ecosystem and facilitate the development of smart cities in Thailand.”
Huazhi Hu, EHang founder, chairman and CEO, said, “We are thrilled to partner with C.P. Group to introduce EHang AAVs to Thailand, one of the largest Southeast Asian markets with great potentials for UAM operations. We will work with C.P. Group, who has a wealth of comprehensive business strengths in their local markets, on extensive and sustainable cooperation in various fields, to take the lead in bringing safe, autonomous and eco-friendly air mobility to Thai industries and society.”
EHang has recently been expanding its footprint to penetrate Asian markets with more customers and partners in Korea, Japan, Malaysia, Indonesia, and Thailand.


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In today’s fast-paced digital age, navigating the media landscape requires strategic approaches to ensure your message reaches the right audience at the right time. One indispensable tool in achieving this goal is leveraging newswire distribution services. Let’s embark on a journey through the world of news wire services, exploring their significance, benefits, and how they shape the way information is disseminated.
Understanding Newswire Distribution Services
Definition and Purpose
Newswire distribution services act as conduits for disseminating press releases and news updates to a wide array of media outlets. In the past, traditional wire services primarily targeted newspapers; however, in the digital age, these services have evolved to encompass a broader range of online platforms.
Evolution in the Digital Age
With the rise of the internet, newswire distribution services have adapted to the changing media landscape. They now play a pivotal role in not only delivering news to journalists but also ensuring that information reaches the broader online community.
Key Components of News Wire Services
In the realm of news wire services, two key components stand out: press release distribution and PR news distribution platforms.
Press Release Distribution
Press releases serve as the lifeblood of news wire services. These succinct, information-packed documents are crafted to deliver news directly to journalists, bloggers, and other media professionals. Effective press release distribution is crucial for gaining media coverage and visibility.
PR News Distribution Platforms
PR news distribution platforms provide a centralized hub for sharing news within the public relations community. These platforms often offer additional features such as media monitoring, analytics, and contact management, making them valuable assets for PR professionals.
Benefits of Utilizing News Distribution Services
The decision to utilize news distribution services comes with a myriad of benefits.
By leveraging the expansive network of news wire services, businesses can amplify their visibility, ensuring that their news reaches a broader audience than traditional methods would allow.
Distribution through reputable newswire services enhances the credibility of your news. Journalists and media outlets are more likely to pick up and trust information disseminated through established distribution channels.
Wide Audience Reach
One of the primary advantages of news wire services is the ability to reach a diverse audience. Whether it’s local, national, or international coverage you seek, these services provide a platform to extend your message globally.
Top PR News Sites A Closer Look
When exploring the vast landscape of PR news sites, understanding the nuances of each platform is crucial.
Analysis of Reputable PR News Sites
Platforms such as PR Newswire, Business Wire, and GlobeNewswire stand out as reputable PR news sites. Each has its unique strengths and audience reach, making them suitable for different types of news distribution.
Choosing the Right Platform for Distribution
Selecting the right platform depends on various factors, including your target audience, industry, and the nature of your news. Conducting thorough research and understanding the features of each platform will help in making an informed decision.
Exploring News Release Services
News release service play a pivotal role in the effective dissemination of information.
Features and Functionalities
News release services offer a range of features, including multimedia integration, targeted distribution, and analytics. Understanding these features allows businesses to optimize their news releases for maximum impact.
Customization Options for News Releases
Customizing your news releases according to the preferences of your target audience and the guidelines of the distribution service is essential. Tailoring content ensures that your message resonates effectively with the intended recipients.
Choosing the Best News Release Distribution Service
Choosing the best news release distribution service requires careful consideration of several factors.
Factors to Consider
Consider aspects such as distribution reach, pricing plans, customer support, and additional services offered by each platform. Evaluating these factors will help in selecting a service that aligns with your specific needs.
Comparison of Top Services in the Market
Comparing top newswire services in the market, such as PR Newswire, Business Wire, and eReleases, can provide valuable insights into their strengths and weaknesses. This comparative analysis aids in making an informed decision.
Top Newswire Services A Comprehensive Guide
Navigating through the plethora of newswire services demands a comprehensive guide.
Overview of Leading Newswire Services
Newswire services like PR Newswire, Business Wire, and Marketwired dominate the market. Understanding the unique offerings of each service is crucial for businesses seeking effective news distribution.
Unique Offerings of Each Service
While PR Newswire is renowned for its global reach, Business Wire excels in its comprehensive analytics. Marketwired, on the other hand, is known for its focus on social media integration. Assessing these unique offerings helps tailor your strategy to your specific goals.
Newswire Press Release Distribution Best Practices
Effectively utilizing newswire press release distribution involves adhering to best practices.
Crafting Compelling Press Releases
Crafting a compelling press release is an art. From attention-grabbing headlines to concise and informative content, each element plays a role in capturing the interest of journalists and readers alike.
Maximizing the Impact of Distribution
Beyond crafting compelling content, understanding how to maximize the impact of distribution is crucial. This includes strategic timing, targeting the right journalists, and utilizing multimedia elements to enhance engagement.
PR News Distribution Services What Sets Them Apart
PR news distribution services cater to the specific needs of PR professionals.
Specialized Services for PR Professionals
These services often provide additional features such as media monitoring, influencer outreach, and crisis management. Understanding how PR news distribution services cater to the unique needs of PR professionals is essential for maximizing their effectiveness.
Targeted Audience Engagement
PR news distribution services excel in targeted audience engagement. By reaching out to industry-specific journalists and influencers, businesses can ensure that their news is placed in front of the right eyes.
News Release Service A Step-by-Step Guide
Effectively utilizing a news release service involves a step-by-step approach.
How to Use News Release Services Effectively
Understanding the platform’s interface, crafting an attention-grabbing headline, and utilizing multimedia elements are essential steps in using news release services effectively. This step-by-step guide ensures that businesses make the most of their chosen service.
Tips for Optimizing Distribution
Optimizing distribution involves continuous refinement. Regularly analyzing the performance of news releases, tweaking distribution strategies, and staying updated on industry trends contribute to ongoing optimization.
News Release Distribution Services A Comparative Analysis
Comparing the pros and cons of popular services offers valuable insights.
Pros and Cons of Popular Services
While PR Newswire boasts a vast distribution network, it comes with a higher price tag. Business Wire offers comprehensive analytics but may be more suitable for larger enterprises. eReleases, with its focus on affordability, may be a better fit for smaller businesses. Understanding these pros and cons aids in making an informed decision.
Real-World Case Studies
Examining real-world case studies provides tangible examples of how businesses have successfully utilized news release distribution services. These case studies offer practical insights that can be applied to your own distribution strategy.
Navigating the Media Landscape with Newswire Services
Integrating news distribution into broader media strategies is key for success.
Success Stories from Businesses
Numerous businesses have achieved remarkable success by strategically incorporating news wire services into their media plans. These success stories serve as inspiration and provide actionable insights for businesses looking to navigate the media landscape effectively.
Challenges and Solutions in News Distribution
While news distribution offers significant advantages, it’s not without challenges.
Addressing Common Obstacles
Challenges such as information overload, ensuring press release visibility, and adapting to evolving media trends are common. Addressing these obstacles requires a proactive approach and a willingness to adapt.
Innovative Solutions in the Industry
The industry continually evolves to overcome challenges. Innovations such as AI-driven distribution algorithms, interactive multimedia press releases, and blockchain-based authentication are revolutionizing how news is distributed and consumed.
In conclusion, navigating the media landscape successfully hinges on understanding and effectively utilizing newswire distribution services. Whether you are a business looking to gain visibility or a PR professional seeking targeted audience engagement, leveraging these services strategically can make a substantial impact. Embrace the opportunities they offer, tailor your approach to your specific needs, and witness the transformative power of effective news distribution.
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EU officials are gearing up to fight over how much leeway companies should have to process personal data after a move targeting Irish privacy regulator Facebook sparked rejection from activists.
Irish Data Protection Commission (DPC) said last week it plans to fine Facebook between 28 and 36 million euros for an alleged lack of transparency about what it does with user data.
But for privacy activists and officials of other EU watchdogs, Ireland’s move gives Facebook too much leeway to collect user data without first obtaining their consent. explicit.
The argument over the limits of Europe’s flagship data protection law, the GDPR, is expected to intensify in the coming weeks as data protection watchdogs in 27 EU countries are urged to weigh in on Ireland’s draft decision on Facebook before a final decision is made.
If Ireland’s decision is upheld, it “would mean the end of data protection as we know it,” said an official at a national privacy regulator who asked not to be named in order to discuss confidential deliberations between regulators.
This criticism echoes Austrian privacy activist Max Schrems, who filed the initial complaint against Facebook and said Ireland’s move amounted to a “GDPR circumvention” because it allowed businesses to collect data without consent.
“It is painfully obvious that Facebook is simply trying to get around clear GDPR rules by re-qualifying the ‘contract’ data use agreement,” he said.
Contract or consent?
At the heart of the discussion is Facebook’s claim that it collects personal data as part of a contract with users, who know that the platform needs personal data to run its business model based on it. advertising and provide them with the Facebook service.
By invoking this “performance of a contract” clause in the GDPR, Facebook circumvents the need to obtain explicit consent from users to collect their data – which may otherwise take the form of a “yes” or “no” option for transmit personal data. .
In its draft ruling, the DPC did not dispute Facebook’s argument, but instead said it did not have the authority to rule on whether the contract with users was fair. A decision on this point would be best rendered by a consumer or competition authority, the regulator said.
The head of another data protection agency rejected this argument. “The idea of people signing up to Facebook to receive personalized advertising is pretty absurd. It’s not so much part of the offer as something that is unilaterally forced on users against the wishes of the majority of people. There is nothing to indicate that the legislator wanted to legitimize this, ”said the official.
The Dublin regulator was on the verge of clashing with its peers on its interpretation of the legal basis and in particular on the point of what is “necessary” to fulfill a contract, the person added.
Yet the DPC is not the first European watchdog to endorse Facebook’s central argument about collecting data under contract with users.
In December, an Austrian court backed Facebook’s argument that it had to process data to earn money from advertising in order to fulfill its contract with users to provide them with a “personalized communication platform for free. “- even though the Supreme Court of Austria remanded this case. before the highest appellate court in the EU, highlighting the difficulty of the issues in dispute.
A Dublin-based expert argued that there is a limit to what the regulator can say about Facebook’s terms of service.
“Just as one would like the DPC to be able to make decisions on all aspects of a case, questions inevitably arise that need to be referred to another forum or tribunal,” said Daragh O’Brien, expert in privacy in Castlebridge, a tip.
The spat reflects ongoing disagreements over how far the GDPR should go in regulating data, at a time when US lawmakers are debating whether to adopt federal privacy rules.
For example, the German competition authority attempted to use data protection law to hamper Facebook’s data practices. But that decision has been the subject of a difficult legal setback and now falls under the EU’s highest court, with questions focusing on whether the authority has strayed beyond its purview. powers by invoking the GDPR to enforce competition rules.
Other EU privacy regulators now have one month to comment on Ireland’s decision.
If one relies on other recent cross-border cases, they could demand a much higher fine than the higher sum of 36 million euros proposed by Facebook.
The September fine of 225 million euros for WhatsApp, for example, began as a fine of 50 million euros. Likewise, Luxembourg’s proposal to impose a fine of around 357 million euros on Amazon ultimately led to a record fine of 746 million euros after contributions from other EU regulators.
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A Nokia reality check
As Nokia’s new chief executive, Stephen Elop, takes over this month, he faces a formidable task: to regain the company’s lost ground in the smartphone segment of the global phone market, especially in the United States, while maintaining its worldwide dominance as the largest maker of mobile phones.
His biggest obstacle, according to Mr. Hakkarainen, as well as two other former employees and industry analysts, may well be Nokia’s stifling bureaucratic culture. In interviews, Mr. Hakkarainen and the other former employees depicted an organization so swollen by its early success that it grew complacent, slow and removed from consumer desires. As a result, they said, Nokia lost the lead in several crucial areas by failing to fast-track its designs for touch screens, software applications and 3-D interfaces.


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Litecoin became stronger and is performing well in new year after defending important multi-year support. Click here for more! – Finance Brokerage
Litecoin price is rising quickly making analyst believe that it might reach the $93 price mark. Want to know more? Click here now! – Finance Brokerage
Litecoin and other major cryptos displayed decent upwards momentum as Bitcoin incurred an explosive rally. Know more by clicking here! – Finance Brokerage
Litecoin price has been volatile since Sunday, falling 0.40% despite an altcoin price rally. Click here to read more information! – Finance Brokerage
Litecoin might once again see the $78 price mark since it seen a nearly 58% rise in value since the start of the year. Click here! – Finance Brokerage
Litecoin is tapering off after it suffered from an unrelenting downtrend in its price. Want ot know more? Click here now! – Finance Brokerage
Litecoin has seen a 20% price surge this week and it let the price for the coin to increase toward the $54 level. Click here now! – Finance Brokerage
Litecoin derivative product has finally debuted on Binance Futures as LTC turns bullish. Want to know more? Click here now! – Finance Brokerage
Litecoin is currently trading at only about $41 after its 5 percent drop in price last week. Want to know more? Click here! – Finance Brokerage
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Crypto: Bitcoin and Litecoin Analysis. Rivals or Allies? Cryptocurrency has been giving everyone a headache in the past several weeks. Most of the digital…
UK Crypto Exchange announced the launching of Litecoin outlooks.
DMG Blockchain Solutions Inc. has decided to add LTC creator Charlie Lee to its advisory board.
Litecoin Price surged up to 8% on the news of Korean Exchange now supports Litecoin on its trading platform.
TenX has recently added Litecoin to its wallet app, and set a schedule to launch a Litecoin debit card.
Litecoin showed volatility since Aliant and Abra deal.


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Sweden's Jadestone Networks has made another major partnership deal for its DiceArena multiplayer games network, signing up the Vienna listed online gambling giant Bwin Interactive barely two weeks after clinching a deal with Gala Coral (see previous InfoPowa report). Bwin will join the network early in the new year, a spokesman said this week.
At launch, the DiceArena Network features two new dice games: Dice Hold’em, inspired by the popular poker game, and Shoot the Moons, an easy to learn alternative for more casual players. In early 2009, two perennial dice favorites will be added to the range of DiceArena games: Liar’s Dice is the hardcore bluffer’s game and Backgammon is the undisputable classic among dice board games.
“We’ve always felt that Jadestone provides a fresh take on familiar concepts,” said Norbert Teufelberger, Co-CEO of Bwin. "The current Jadestone games have been among our fastest growing product categories lately. We have great expectations that the new Backgammon will be a real winner. As for the DiceArena table games, the market is clearly ready for something new and exciting.”
Tobias Nissen, Business Development Director at Jadestone said: “There’s no doubt that Bwin has played a major role in getting Jadestone to where it is today. They’ve been a solid and competent partner in the true sense of the word. It’s with great satisfaction we see Bwin expand their business with us to include our new DiceArena product.”
The DiceArena suite of games has been in development at Jadestone for almost two years. With a number of high profile network partners lined up and games available across Europe in 23 languages, it’s one of the biggest new product introductions in Jadestone’s history.


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E3 2014: Deep Down gets a new trailer and Japanese public beta detailsWritten by: / / 2 Comments
Deep Down was one of the first PS4 titles shown during last year’s PlayStation Meeting where the console was unveiled. Since then we’ve only got brief glimpses of this stunning free-to-play title that tasks players with exploring dungeons linked to artefacts containing memories from the distant past.
Capcom recently released the game’s E3 trailer showcasing Deep Down’s fluid combat and impressive visual effects. Producer Kazunori Sugiura also revealed on Twitter that the game will enter a public beta test phase in Japan at the end of this month. Sugiura apologised to players in the West, saying that the beta and game’s availability outside of Japan is “not yet determined”.
Here’s Deep Down’s E3 trailer:
Deep Down will be released sometime later this year exclusively for PS4. Head over here to browse through El33tonline’s previous coverage of this intriguing free-to-play title utilising Capcom’s new Panta Rhei engine.


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Jobless claims fell to a new pandemic low last week, suggesting the labor market continues to heal even as the Delta variant causes uncertainty.
First-time applications for benefits, a proxy for layoffs, fell by 29,000 to a seasonally adjusted 348,000 in the week ended Aug. 14, the Labor Department said Thursday. That was the lowest level of claims since the pandemic took hold in the U.S. in March 2020.
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Disney designers blend logistical upgrades with additional touches of high-end glitz for the ‘reinvention’ of Yachts...more
Miami International organizers say they’ve resolved the new venue’s first-year glitches and are eager to welcome cro...more
The show had the largest turnout in its history and drew comparisons to the old Chicago IMTEC ...more
Shows are perhaps the premier staging site for selling and buying boats. Builders from across the country and around the world deliver their best and newest boats, electronic equipment, engines and supplies to a prime location so boaters can see, inspect and perhaps make a deal to buy them. Whether the location is a glamorous site such as Miami Beach or a small, local venue, shows are where builders and consumers connect.
The Providence Boat Show at the Rhode Island Convention Center was a day shorter this year, but saw a 10 percent increase in attendance. The Feb. 3-5 show drew more than 140 exhibitors with a fleet ranging from small paddle craft and inflatables to powerboats in the 20- to 30-foot range.
Now that it isn’t butting heads with New Year’s Eve, the Progressive New York Boat Show saw attendance leap 21 percent, attracting 43,238 shoppers this year, compared with 35,757 in 2016.
MIAMI — Scout Boats plans to add a 100,000-square-foot plant to its three-factory campus in South Carolina to build the upcoming 53-foot center console for which the company unveiled plans at the Miami International Boat Show. The company also will add a 20,000-square-foot building for product development and engineering, Scout Boats founder and CEO Steve…more
MIAMI BEACH — Exhibitors seemed largely happy with the decision to install gates and charge admission to Yachts Miami Beach, the yacht and brokerage show along Collins Avenue that opened Thursday and will conclude Monday.
MIAMI BEACH — Yachts Miami Beach is a critical show because it’s the one that draws the most international audiences.
MIAMI BEACH — Sea Ray was entertaining its VIP clients on the docks of Yachts Miami Beach Friday night, in part to show off its new L550 — the new addition making its world premiere to the popular L class series — but also to demonstrate the digital switching system that comes with a custom-designed…more
MIAMI BEACH — Sunseeker International, the United Kingdom’s oldest boatbuilder, held a dinner for the media after Yachts Miami Beach on Friday night at STK South Beach to discuss growth and to convey that the company is poised to achieve its five-year growth plans ahead of target.
MIAMI — After a couple days of pounding the docks at the Miami International Boat Show, it’s easy to see that center consoles will continue to get bigger during the next two to three years, with more builders joining the 50-foot club and one company preparing the launch of a 65-footer.
The 2017 Pacific Sail & Power Boat Show and Marine Sports Expo will be held at the Craneway Pavilion and Marina Bay Yacht Harbor in Richmond, Calif., in April.
MIAMI — Despite challenges, boat sales are increasing and are expected to ride the momentum for the coming two years.


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DC Comics has asked retailers to suspend sales of a Batman comic book in the wake of Friday's shooting spree at a Colorado screening of "The Dark Knight Rises" that left 12 dead and 58 injured.
DC Entertainment wrote an email to store owners Monday saying they are postponing for a month the release of the third issue of "Batman, Incorporated," because "the comic contains content that may be perceived as insensitive in light of recent events," the Associated Press reported.
The email did not describe the potentially offensive material.
But on Twitter, series illustrator Chris Burnham said there is "some grim imagery that would seem wholly inappropriate given the Aurora killings."
"It's not just a Batman comic with guns in it," he tweeted. "There's a specific scene that made DC & the whole Bat-team say 'Yikes.' Too close for comfort."
DC Entertainment requested that shops wait until Aug. 22 to sell the comic. The digital editions were also delayed.
"The book printed on time," said Burnham, who drew the comic written by Grant Morrison. "I'm looking at a copy on my desk right now. This isn't a scheduling excuse, we're trying to do the right thing."


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The European Union is concerned that Google is abusing its dominant position in the European search market by engaging in anticompetitive practices. As a result, Margrethe Vestager, the EU's antitrust regulator, has filed formal charges against the search giant, according to this European Commission press release.
The European Commission's allegations focus on the Google Shopping price-comparison tool, which Google is said to be prioritizing in its search results to the possible detriment of its competitors. The EC believes Google may not be displaying the most relevant search results to users of its service, and it wants Google to treat price comparison results from rival services in the same way as results from its own services.
For its part, Google doesn't believe its practices are anti-competitive—just the opposite, in fact. In a post on the company's blog, Amit Singhal, the senior vice president of Google Search, made the following statement:
Indeed if you look at shopping -- an area where we have seen a lot of complaints and where the European Commission has focused in its Statement of Objections -- it’s clear that (a) there’s a ton of competition (including from Amazon and eBay, two of the biggest shopping sites in the world) and (b) Google’s shopping results have not the harmed the competition.
The EU's antitrust concerns don't end with Google's price-comparison tools, either. According to a separate press release, the European Commission will be investigating the relationships between Google and Android handset manufacturers for anti-competitive practices, as well.
That investigation is based on three basic concerns: one, whether Google's bundling of its own software and services with Android is exclusionary to competitors; two, whether the company has stifled competition by preventing devices makers from creating their own forks of the Android OS; and three, whether Google is hindering "development and market access of rival applications" by tying its own applications into other Google applications, services, or APIs.
Google also responded to this announcement on its blog, an excerpt of which is below:
The Android model has let manufacturers compete on their unique innovations. Developers can reach huge audiences and build strong businesses. And consumers now have unprecedented choice at ever-lower prices. We look forward to discussing these issues in more detail with the European Commission over the months ahead.
We'll be keeping an eye on these proceedings as they play out.


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In our country, there is only 1 doctor for every 11,000 patients. When it comes to dermatologists, there is only 1 for every 1,00,000 Indians, according to the Indian Association of Dermatologists, Venereologists, and Leprologists (IADVL). Many Indians suffer from basic skincare problems like acne and dandruff. Yet 90% of the population has never visited a dermatologist. On the contrary, they rely on self-created products which are of no use or in rare times even dangerous.
While working for Google, Guna Kakulapati and Ramakrishna R thought of starting a startup that would address this issue. Guna is a graduate of IIT Madras and an MS graduate of Computer Science from the University of Illinois at Urbana-Champaign. He had previously worked at Amazon and Google. Ramakrishna studied engineering at PES University and worked at Google for more than a decade.
Together with Dr Charu Sharma, they launched CureSkin in 2016. Dr Charu herself is a dermatologist. CureSkin claims to be India’s first company that uses AI and technology for the skincare domain. Users can click and upload their images, to get diagnoses from an AI system.
The treatments are for acne, dark spots, pigmentation, wrinkles and other common skin disorders. The venture's initial challenges were to create an AI system that correctly diagnosis users’ conditions and to create trust in the minds of the customers regarding their work. They have been used and trusted by people and 12 lakh plus users.
They were able to overcome these challenges and gain success in their work. They were the only Indian startup to be a part of Y Combinator Summer Batch’s AI cohort in 2017.
Immediately after theory received $1 million in seed funds from Khosla Ventures, Gagarin Capital, Y Combinator, and Heartbeat labs. Later in January 2020, they raised $500,000 in a funding round led by SenseAI Ventures. This month they raised $5 million in their Series A round led by JSW Ventures with participation from Sharrp Ventures and other existing investors.
Will this AI-led venture make space for itself in India’s skincare market estimated at the value of $2.7 billion by 2023?


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Pharmaceutical sales25 Jul 2005
Teva mulls $7.5bn Ivax acquisition
Teva Pharmaceutical Industries is near a deal to acquire the Ivax Corporation for about $7.5 bn (â‚¬6.2bn) in cash and stock, executives involved in the negotiations said.
The deal, which was being completed last night and is expected to be announced today, would merge two of the world's biggest generic drug makers. Under the terms of the deal, Teva will pay $26 a share for Ivax, or a 14% premium over Friday's closing stock price of $22.88, the executives said.
That payment will be split evenly between Teva stock and cash, and Teva will also assume about $1bn of Ivax debt.
Teva, the bigger of the two drug makers, is based in Israel and had sales last year of $4.8bn, 91% of which came from the United States and Europe. Ivax, based in Miami, had revenues in 2004 of $1.84bn.


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【Pre-Show Press Release】Helitech International 2015
Helitech International 2015 attracts rising global interest from industry
With under three months to go until Helitech International 2015 opens its doors between 6 - 8 October at ExCeL London, the event is set to provide the global rotary wing sector with an impressive showcase of helicopter platforms, systems, components and services. At present, 21 countries will be represented by a broad mix of industry primes and small to medium-size companies covering all aspects of the rotary supply chain. Exhibitors include: Airbus Helicopters, AgustaWestland, BAE Systems, Bell Helicopter, Curtiss-Wright, Honeywell, ITT, Lockheed Martin, Milestone, Northrop Grumman, Pratt & Whitney and Vector Aerospace.
According to recent market intelligence from Reportbuyer, the global civil helicopter market has grown almost threefold in size over the past decade, despite the global economic crisis. This has been driven by an expansion of the degree, as well as scope, of utilisation of civil helicopters across a range of user segments led by the offshore oil & gas exploration sector and law enforcement & parapublic based applications. This growth has been reflected by an increase in interest from industry across the board in Helitech International 2015.
"The rotorcraft supply chain will be represented by an impressive range of international companies at many different levels at this year's event," said John Hyde, Event Director for Helitech International. "The number and spread of the many countries that will be participating in London will provide a genuine international stage for the rotary wing industry to collectively assemble. During three days, companies will not only procure new business but visitors and exhibitors can also discuss the key topics and issues affecting the global helicopter community."
The global footprint of Helitech International 2015, run in association with the European Helicopter Association, will include exhibitors from countries such as Australia, New Zealand, Qatar, South Africa and traditionally strong representation from the North American and European markets. There are currently over 20 first-time exhibitors from eight countries around the world.
Further information, please visit Helitech International 2015


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Tesla's alleged saboteur sued by carmaker over data theftJune 20
Fintech startups can find success by mixing skill setsJune 20
Market Scan powers fintech revolutionJune 20
Continental bans WhatsApp, Snapchat on company devicesJune 5
Uber pulls up in Japan with taxi-hailing serviceMay 22
Uber plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to other taxi providers, as it seeks to expand in the country where the firm has been blocked from setting up its own fleet of drivers.
Lyft, Aptiv to launch self-driving fleet in Las VegasMay 2
Automakers, suppliers team up to develop blockchain technologyMay 2
GM refashions OnStar as revenue centerApril 30
General Motors is reorienting its OnStar business to generate more revenue from connectivity services and better position its core auto brands as technological showcases that can compete against innovative brands such as Tesla.
Tech giants put China at forefront of changeApril 30
Toyota seeks breakthrough in reworked carsApril 22
The relatively low-volume Avalon and Corolla hatchback offer a preview of stablemates that are more critical for Toyota North America: the reworked Lexus ES, which will debut this week in Beijing, and the coming Corolla sedan.


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Data transfers prompt Facebook to launch legal action against Irish watchdog
CALIFORNIA (US) – Facebook Inc took legal action on Friday against Ireland’s Data Protection Commission in order to suspend a proposed order that could prevent the company from data transfer from the European Union to the United States.
A company representative said in a statement the US social media giant asked regulators “to adopt a pragmatic and proportionate approach until a sustainable long-term solution can be reached”.
The Irish commission, Facebook’s lead regulator in the EU, had started an inquiry into the EU-US data transfers controlled by the company.
Facebook said on Wednesday that the company’s way of handling transatlantic data transfers cannot be used for EU-US data transfers as well.
Facebook had said that the mechanism, Standard Contractual Clauses (SCCs), had been deemed valid by the Court of Justice of the European Union in July.
The Irish regulator, however, declined to comment.


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While the Chinese economy continues to slowdown, policymakers in Beijing are faced with the dilemma of how to rebalance an economy that till now has relied heavily on investment. The FT's Simon Rabinovitch reports from Guiyang.
Filmed and produced by Ben Marino
Welcome to the new FT.com.
The same global insight. Faster than ever before on all your devices.


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Several fashion retailers from Zara to H&M have announced that they will temporarily shut their stores across Spain from tomorrow to help contain the Coronavirus.
The Inditex Group – which includes fashion retailers such as Zara, Massimo Dutti, Oysho, Stradivarious, Pull & Bear, Berksha, amongst others – has this evening confirmed that it will temporarily close approximately 1,500 of its stores across the country. The Group says it is acting on recommendations from the country’s various authorities to prevent further spread of the virus.
The Tandem Group, which owns brands such as Cortefiel, Springfield, Women’s secrets and Fifty, has also announced that it has made the ‘socially responsible’ decision to temporarily close its stores across the country until further notice.
Swedish-owned H&M will also temporarily shut all its stores in Spain from tomorrow. These ‘temporary’ closures follow the Prime Minister’s ‘state of emergency’ announcement earlier today, in order to confront the country’s health emergency, caused by the Coronavirus.


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There are no buttons or T-shirts visible on the survivors from the troubled home-satellite-dish industry -- but if there were, the slogan would surely be, "I've Been Scrambled."
The market for the large saucer-shaped television antennas -- once a thriving segment of the consumer electronics industry -- literally tipped over when HBO and other premier programming services started scrambling their satellite signals six months ago.
"Scrambling hit the industry in the second week of January and it's dropped industry sales down 70 percent," said Robert Dushane, president of Janeil Corp., a California-based dish manufacturer. "Our dealers went from a three- or four-week supply of dishes to a 30-week supply. People just stopped buying."
Other industry figures are similarly bleak. At last winter's Consumer Electronics Show, 45 companies exhibited satellite dishes; at this summer's show here, the number has dropped to 30. The Electronics Industry Association, which earlier had forecast the sale of more than 700,000 satellite dishes this year, just slashed that forecast to 400,000 -- and some observers say that is optimistic.
The dish antennas allow individuals to pick up on their home TV sets satellite signals meant for such recipients as cable-system operators, who then distribute them to subscribers. The dishes first became popular in remote areas where residents could not get cable or ordinary reception. But in recent years they have gained wider appeal because they have given owners free access to dozens of channels, including some that normally charge fees.
It is these pay-TV services that have led the drive for scrambling. Others, such as networks transmitting "feeds" to local stations by means of satellite relay, have said they are considering scrambling their signals.
Industry executives blame the news media for "exaggerating" the importance of scrambling and confusing consumers about satellite programming. They point out that an authorized descrambler can be purchased for less than $300 and that pay cable-television services such as HBO and Showtime now sell subscriptions to dish owners for a monthly fee.
However, M/A-Com, the main manufacturer of the descramblers, concedes that fewer than 15,000 units have been sold -- enough to equip less than 2 percent of the estimated 1.7 million home dishes.
"There'll be a 75 percent shaking out of dish manufacturers," predicts Janeil's Dushane, whose own company's revenue is expected to plummet to less than $20 million this year from last year's $35 million high.
"A large number of distributors are going out of business," said Larry Bean, general manager of satellite distribution for Nebraska-based Chief Industries. "We know we can make a lot of good deals out there" in distressed purchases of satellite dishes.
But dish companies say they are certain they have a chance to come back if the cost of the scramblers will drop below $200, subscriptions to pay services become cheaper and the costs of satellite systems decline.
Typically, home dishes can cost close to $2,000, but some manufacturers are pushing price cuts.
However, the industry outlook is still as scrambled as an HBO satellite signal. There are no signs that decoder costs will decline soon, and there are rumblings that legal actions may be taken either to limit scrambling or force programming companies to offer cheaper pay television subscriptions to dish owners.


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Google is going all out to launch its next flagship phone around the world. In Japan, it offered “Google Original (Potato) Chips” to highlight the new Tensor SoC in the Pixel 6 and Pixel 6 Pro.
Tensor is Google’s first consumer system on a chip (SoC) — with some technical details leaking over the past few days, and the company created a big of potato chips to hammer that point in Japan. The country is a big Pixel market as evidenced by the 5a with 5G launch and custom advertising campaigns in the past.
Incredibly, Google Original Chips feature a bag design that matches the rear of the Pixel 6 and Pixel 6 Pro. There are five color designs available, though all come in “Googley Salty Flavor” — again, amazing. You can even get your name printed in the bottom-right corner.


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July 19, 2016 10:00 AM Eastern Daylight Time
REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic, the marketing automation software company for publishers, today announced that it has partnered with Media 122, the premium digital media company with a focus on video, and driven a 47 percent increase in programmatic revenue associated with Media 122’s high-quality video assets. Private Marketplace (PMP) revenue represented 41 percent of Media 122’s programmatic revenue increase, and its PMP cpms were 33 percent higher than its open exchange cpms. The partnership is empowering 1,500 premium publishers in Media 122’s network to increase yield on their video inventory while enabling advertisers to connect with consumers in a transparent, brand friendly environment.
.@pubmatic Expands Video Business via Partnership with Media 122
Inventory from Media 122’s network of premium publishers is available on PubMatic’s Media Buyer Console, automating the creation of inventory packages for buyers seeking transparent, premium audiences. Using PubMatic’s One Platform, Media 122 is able to whitelist inventory at different price points for vertical, audience, events and seasonal automated buys. In addition, Media 122 will leverage PubMatic’s automation tools to enhance operational efficiencies and optimization. Media 122 sees nearly 15 billion video ad requests per month.
“When we first entered into the programmatic market, we sought a partner with a high level of transparency, significant investment in video growth and a company that would be a consultative partner, not just a vendor,” said Ron Nielsen, CEO of Media 122. “We found this partner in PubMatic, and believe that we are well positioned to move with the market as programmatic budgets continue to shift toward high-quality, transparent marketplaces.”
According to eMarketer, video ad spending is projected to reach $13 billion in the United States by 2018. As the video advertising market continues to grow, there is a significant opportunity for publishers and advertisers to create highly engaging digital video experiences for consumers. With the maturation of a marketplace, industry wide challenges evolve such as quality and fraud, and it is critical to have the right tools in place to protect against these.
“We are excited to partner with a media company that places the same value on preserving a high-quality digital advertising ecosystem as PubMatic does,” said Kirk McDonald, President of PubMatic. “As demand for quality video inventory continues to explode, publishers need a technology partner that will empower them to serve this growth while optimizing monetization of these assets.”
About Media 122
Media 122 was founded to create a premium digital media company that ensures the highest quality of inventory and demand for its advertisers and publishers. Due to its approach, the company has grown to one of the largest providers of high-quality online and mobile video inventory, enabling its demand partners, agencies and brand clients to flourish. Media 122 and its publishers deliver what advertisers want and need: transparency, brand safety, performance and maximum value across all screens.
PubMatic is the leading marketing automation software company for publishers. Through real-time analytics, yield management, and workflow automation, PubMatic enables publishers to make smarter inventory decisions and improve revenue performance. Focused on serving the needs of premium publishers, PubMatic inspires buyer confidence by providing flexibility in audience discovery and planning media campaigns through its Media Buyer Console and APIs. The company's marketing automation software platform provides a global roster of comScore publishers with a single view into their advertiser relationships across every screen, every channel and every format. PubMatic was ranked by Deloitte as one of the fastest growing companies in the US for the fourth consecutive year in 2015. The company has offices worldwide, and is headquartered in Redwood City, California.
PubMatic is a registered trademark of PubMatic, Inc. Other trademarks are the property of their respective owners.


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Disney Rereleasing 'Beauty and the Beast,' 'Finding Nemo,' 'Monsters Inc.' and 'Little Mermaid'
The announcement follows the blockbuster success of the 3D version of "The Lion King," which today jumps the $80 million mark domestically.
Throwing open its vault with unprecedented gusto, Disney has announced it will rerelease four of its classic animated films in 3D, including two Pixar titles -- Beauty and the Beast, Finding Nemo, Monsters, Inc. and The Little Mermaid.
The sweeping announcement follows the runaway success of the 3D rerelease of The Lion King, which has grossed nearly $100 million worldwide in less than a month. Today, the rerelease jumps the $80 million mark at the domestic box office.
First out of the gate is Beauty and the Beast in 3D, which begins its limited theatrical run on Jan. 13, 2012. The animated film, grossing $377.4 million worldwide, was first released in 1991 and, like Lion King, spawned a long-running Broadway show, as well as regional tours.
Beauty and the Beast is followed on Sept. 14 by Pixar's 3D update of Finding Nemo, first released in 2003 and grossing $868 million to date worldwide.
Pixar's Monsters, Inc in 3D will debut on Jan. 18, 2013, six months before prequel Monsters University on June 21. Monsters, Inc. originally hit theaters in 2001, earning an estimated $524.5 million globally.
The Little Mermaid in 3D goes out on Sept. 13, 2013. It first hit theaters in 1989, and has grossed $211.3 million worldwide. It also was adapted into a musical stage show.
"Great stories and great characters are timeless, and at Disney we're fortunate to have a treasure trove of both," Walt Disney Studios president Alan Bergman said.


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The star attractions at the latest Historics at Brooklands classic car auction are two rare and equally stunning electric vehicles from the turn of last century.
The USA-built 1906 Pope Waverley Victoria Phaeton and 1907 Victor High Wheel Electric Runabout will go on auction at Brooklands Museum on Saturday June 11.
But any bidder hoping to get behind the steering wheel may have to pay up to £40,000 for either one of the automobiles.
A spokesman for the Brooklands Road museum said: “The duo prove that this technology is nothing new but their design and appeal is timeless.
“Immensely rare and sought-after today, they were no flashes in the pan at the time they were built.
“Indeed, emphasising the clamour for electric cars as personal mobility became the mantra, there were more than 100 manufacturers of battery-powered cars in the early 20th century.
“It was only advances in the internal combustion engine and the mass production of cheaper petrol vehicles that sounded the death knell of the electric car movement.”
Both cars each have an estimated price of £30,000 to £40,000, and have been fully restored with the addition of some modern features including batteries and charging systems.
The duo feature among 130 classic cars at the auction, on offer to view Friday June 10 from 10am to 5pm and for sale on Saturday June 11, with gates opening at 9am.
To view the electric car lots online, register or make enquiries, see www.historics.co.uk, call Historics at Brooklands on 01753 639170, or email firstname.lastname@example.org.


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Britishvolt aimed to secure funding for battery R&D and manufacturing businesses in the UK
Recharge Industries, which agreed to buy failed battery firm for £8.57m, is in default of contract, says administrator
The £8.57m deal to save failed UK battery firm Britishvolt is suddenly in doubt after Recharge Industries failed to make its final payment.
Having come in to save Britishvolt in February, the Australian battery firm was due to complete the takeover on 5 April, but the last instalment remains “unpaid and overdue”, administrator EY noted in its progress report.
“As a result, the buyer is in default of the business sale agreement,” it added.
Hope that a deal can still be reached remains, as the report concluded: “The administrators are using the protections and guarantees afforded in connection with the [business sale agreement] to pursue the outstanding amounts due from the buyer.”
However, the claim that the contract has been breached has been rebutted by Recharge’s parent company, Scale Facilitation.
It told ITV: “We dispute we are in default. The timing of the final instalment to the administrator is linked to a funding facility, which when closed will also cover the cost of the land acquisition [for the factory in Blyth] and provide additional working capital for the project.
“The financier is in direct contact with the counterparties, and we anticipate closing in August, following a period of significant due diligence.”
The deal to save Britishvolt included the firm using Recharge’s preferred battery technology – licensed from American firm Charge CCCV (C4V) – rather than that which was in development under the original ownership.
Britishvolt aims to begin manufacturing cells for energy storage by the end of 2025 and later add automotive clients to its portfolio. The start-up previously held memoranda of understanding with Aston Martin and Lotus.
The remainder of Britishvolt’s staff have transferred to Recharge, EY previously confirmed.
Recharge is yet to begin manufacturing batteries in its home country. It currently only holds early-stage plans to build a gigafactory in Geelong, near Melbourne.
It aims to manufacture lithium ion cells without using materials from China or Russia amid increased geopolitical tension with the two nations, thereby reducing the risk to its supply chains.
Speaking when the deal was reached earlier this year, David Collard, founder and CEO of Recharge owner Scale Facilitation, said: “Backed by our global supply chain, strategic delivery partners and a number of significant customer agreements in place, we’re confident of making the Cambois [Blyth] gigafactory a success and growing it into an advanced green energy project. We can’t wait to get started and want to start as soon as possible.
“The north-east of England has a real depth of history and talent in manufacturing and engineering. I recently spent time in the area to get to know the people and the site, and I was struck by the similarities to our Recharge Industries site in Geelong, Australia. I was really taken by the passion and pride that the people have for the region and their determination to get behind a project that can drive lasting change.
“We have the right plan in place to match and support the region’s energy and ambition to become a major player in the international battery market.”
Britishvolt went into administration on 17 January 2023, ending months of difficulties that often landed in view of the public.
It narrowly avoided collapse in November 2022 after securing several million pounds in funding, said to be from mining firm Glencore. Combined with a voluntary pay cut for its near-300 staff, this gave Britishvolt sufficient funding to survive until early December 2022.
The company was previously prepared to enter administration after the UK government rejected a request for £30m (of the £100m promised) in advance funding to prevent its collapse.
Britishvolt’s failure prompted parliament’s Business, Energy and Industrial Strategy Committee to launch an inquiry into whether EV battery production is viable in the UK or if the importing of power sources is sufficient.
Committee chair Darren Jones said: “This inquiry will look at what’s holding back the development of electric car batteries in the UK and what needs to be done to protect the thousands of jobs across the country in this important sector.
“The future of car manufacturing in the UK is dependent on our ability to make electric vehicles and to be able to export them into the EU. That means we need local supplies of electric vehicle batteries – something we’re failing significantly behind on compared to other parts of the world.”
According to a report by The Faraday Institution, the UK will need around 100GWh of battery supply – equivalent to five gigafactories – by 2030 to satisfy demand for EV production. This will rise to nearly 200GWh – or 10 factories – by 2040.
At the time of writing, the only UK gigafactory to have secured deals with a global cell supplier and a major manufacturer is Envision AESC’s planned expansion at the Nissan factory in Sunderland. It promises an output of 11GWh from 2024, eventually rising to 38GWh, supplying batteries for the next Nissan Leaf.
Additional reporting by Charlie Martin


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Volkswagen AG said Jan. 10 that it agreed to acquire the remaining 51% interest in Diconium GmbH that it does not already own, making it the sole shareholder of the German digital specialist.
Financial terms of the deal were not disclosed.
The German carmaker acquired its 49% stake in Diconium in November 2018 to help it build a global online sales platform where customers can purchase and manage on-demand services like multimedia streaming, automatic payment for fuel, battery charging and parking, among others.
Most recently, Volkswagen said its acquisition of Diconium will contribute to the development of its Car. Software organization, which is behind Volkswagen's vehicle software development.
Volkswagen has been ramping up its electrification efforts over recent years. In 2018, Volkswagen announced a €30 billion plan to mass-produce electric cars. It also hopes to generate a significant part of its future revenue from digital services like car-sharing and digital payment of parking fees. Volkswagen had earlier partnered with Microsoft Corp. to develop its cloud software platform.


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One of the biggest bulls on Tesla among analysts covering the stock is no longer recommending it as a ‘buy’, as he believes that Elon Musk’s erratic behavior in recent months is damaging the brand.
In a note to clients on Tuesday titled “No Longer Investable”, Nomura Instinet analyst Romit Shah said that while Nomura has been one of the most bullish on Tesla’s stock since it initiated coverage last October, the controversial behavior of Tesla’s chief executive is recent months has hurt the company and likely contributed to the senior management exodus.
Nomura cut its rating on Tesla to ‘neutral’ from ‘buy’, and has slashes Tesla’s price target to $300 from $400. The previous $400 target was the sixth-highest on Wall Street among 22 analysts, according to FactSet data.
“The issue though is the erratic behavior of CEO Elon Musk. During the second quarter, the switch seemingly flipped … We are worried that this behavior is tainting the Tesla brand, which in terms of value is most important,” Shah says in the note, as carried by CNBC.
The analyst cited Musk’s increased Twitter activity, the snubbing of analysts on a conference call when Musk called their questions “boring”, the NYT interview where Musk fell apart multiple times, and last week’s live video interview, during which Musk smoked marijuana.
After last week’s live interview, Tesla’s stock tumbled on Friday, also due to the resignation of Chief Accounting Officer Dave Morton, who is quitting after just one month on the job. Related: The Death Of Retail In NYC
On Monday, however, Tesla’s stock bounced back after two positive analyst reports.
Baird analyst Ben Kallo confirmed his buy rating on Tesla, saying that the stock is still worth a buy “even with drama.”
Bernstein’s Toni Sacconaghi, for his part, said that Tesla’s below $300 share price was an “attractive near-term entry” point, but the analyst remains neutral on Tesla’s longer-term performance until investors see if Tesla can pull off Model 3 quality, quantity, and profit margins.
By Tsvetana Paraskova for Oilprice.com
More Top Reads From Safehaven.com


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The Yarn Bazaar bags 1 Cr. at Shark Tank India
The Yarn Bazaar, a 1-stop yarn solution bags 1 Cr at Shark Tank India
Mumbai: City-based Company the Yarn Bazaar, a 1-stop yarn solution, has bagged 1 Cr. funding in the first season of Shark Tank India.
The investor included:
1) Peyush Bansal (Lenskart)
2) Ashneer Grover (BharatPe)
3) Anupam Mittal (People Group)
4) Aman Gupta (Boat)
On receiving funding from Shark Tank India the Founder & CEO of The Yarn Bazaar Mr. Pratik Gadia said, “This is a great testament to the efforts of our team and I would like to thank everyone and the entire textile industry for being such a great support to us. This is not our success but the success of Indian Textile industry”
About The Yarn Bazaar:
The Yarn Bazaar (www.theyarnbazaar.com) is a 1-stop yarn solution with a vision to organize the unorganized textile industry. It started operations in 2019; the company has done a business worth 230+ Cr on 100% advance payment.
In addition to yarn buying & selling, The Yarn Bazaar has also been proudly associated with many national and international events as a Media and Marketing partner. The Yarn Bazaar has been at the forefront of adding value to the industry by conducting interviews & podcasts with several industry leaders.
For more details, please contact:
Mr. Yash Trivedi
Vice President – Marketing