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|Articles - May 2011|
|Wednesday, April 20, 2011|
“We take a pretty broad view of both of those terms — technology and sustainability,” says Jeff Allen, who had previously served as the executive director for the Oregon Environmental Council and is adamant about integrating sustainable practices through the incubator. “Part of where we see value is in helping companies hardwire sustainability into their operations early on,” he says.
The first five companies selected were YogiTunes, a digital download music service for yoga-related music; Cascade Peak Spirits, the Northwest’s first organic distillery; ICR Systems, which links cars with online databases; TheDot Network, which provides schools with a web-based planner on closed social networking platforms; and REDCloud, which is developing an electric conversion kit for commercial vehicle fleets.
“My big vision for the business in the valley is to become a center for electric vehicles,” says Melissa Brandao, CEO of REDCloud, formerly Ambiente Motors. Brandao cites Oregon’s early adopting of electric vehicles, the valley’s proximity to California and Washington, as well as the relatively inexpensive cost of doing business there as advantages for the area.
Diane Paulson of Cascade Peak also sees the potential. The company sold close to $200,000 of its organic gin and vodka last year but is struggling to raise money for advertising and expansion. Paulson hopes the accelerator will help them navigate the funding terrain. “There are a lot of hurdles, because it’s such a new industry,” she says of micro-distilling.
“Every startup thinks that what they need is more money,” says Allen, stressing the importance coaching and networking to “avoid some of the early mistakes.”
“We’ve been moving very quickly,” says Allen, citing the $50,000 Jackson County gave to seed the project along with another $50,000 from other public and private donors.
Thursday, May 29, 2014
How serious a problem is climate change? Readers want to have their cake and eat it, too.
Monday, June 16, 2014
The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.
Thursday, May 29, 2014
BY COURTNEY SHERWOOD
Business and civic leaders weigh the risks and rewards of going green.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Taxis Uber Alles?|
|Powerlist: Staffing Firms|
|Zillow to acquire Trulia for $3.5B|
|Dollar Tree to buy Family Dollar|
|Facebook revenue surges 61%|
|Walmart unexpectedly fires CEO|
|GM profit declines 80%|
|Study: Dogs can feel jealousy|
|Boeing profit surges 52%|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.


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Disasters seem just about the worst possible time to discuss economic concepts. Ask Forbes columnist Tim Worstall, whose column on “price gouging” in the aftermath of Hurricane Harvey has purportedly been removed from their site.
At times of human suffering, a host of people apparently consider it crude to discuss the best response, if that response incorporates the functioning of a market economy. Yet for those of us who worry about outcomes rather than platitudes, it is incumbent to denounce bad ideas, and seek to propose better ones. Natural disasters such as Hurricane Harvey reap enough destruction, emotional and physical, without compounding it with policies that make things worse.
CNBC reported yesterday that Texas Attorney General Ken Paxton has said 500 complaints about so-called “price gouging” have been made following the storm:
That includes reports of up to $99 for a case of water, hotels that are tripling or quadrupling their prices and fuel going for $4 to $10 a gallon.
Such price increases in emergency situations can lead to significant fines under current Texas law. The traditional justification is that raising prices in emergencies reflects greedy profiteering. Indeed, in reaction to natural disasters and terrorist attacks worldwide it is common for companies to be denounced for heartlessness (here’s something I wrote about criticism of Uber after the Manhattan bomb attack).
The real question we should be concerned with though is surely not moralizing, but whether “price gouging” laws improve outcomes and responses or worsen the situation?
Natural disasters such as hurricanes often lead to shortages of certain products, many of which might be considered essential. Fresh water might be the obvious example. If water supplies get cut off, the demand for bottled water will surge, and if there is uncertainty about how long until those supplies will be back online, some consumers may seek to stockpile. The knockout of…

domain: news


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As Kenyans wait with bated breath for the final election tally, the Port of Mombasa continues to operate at full capacity.
Kenya Ports Authority (KPA), in its latest release, otherwise known as the 14-day shipping list, disclosed that 37 vessels will call the Port of Mombasa in the next two weeks.
''Seven car carriers, 13 container ships, three oil tankers and 14 conventional cargo ships, will during this period discharge/load the varied cargo,'' KPA said.
General Manager Operations and Harbour Master, Captain Godfrey Namadoa, said there were no ship waiters (vessels waiting to enter harbour) as has been the case and the newly opened Sh40 billion Kipevu Oil Terminal (KOT) II was operating at full capacity, with three oil tankers discharging assorted oil cargo.
And in what is billed to be a first for the port, marine operations including pilotage services at the new KOT shall be provided 24/7 and will effectively improve molecule fluidity in the mid-stream supply chain and ensure price stability of petroleum products in Kenya and the region.
KPA listed vessels which have docked at the port or sailed on the high seas at the facility as carrying various commodities like bulk wheat, wire rods, bagged rice, vehicles, gas oil, vegetable oil, bulk fertiliser, bitumen, steel products and containers.
KPA General Manager Corporate Services Edward Kamau, in excerpts contained in the Annual Review and Bulletin of Statistics, said over the last five years, cargo throughput registered a steady annual compounded growth of 5.7 per cent from 27.36 million metric tonnes in 2016 to 34.12 million metric tonnes in 2020.
He added that container traffic has been registering a moderate compounded growth of 5.6 per cent rising from 1,091,371 TEUs in 2016 to 1,359,579 TEUs over the same period.
Kamau said Uganda traffic grew by 4.9 per cent while South Sudan went up by 15.3 per cent and emerged as a key transit market crossing the 'one million metric tonne' mark for the first time.
In the meantime, the Tanger Med Port Authority of Morocco is set to enter a sister ports arrangement with the port of Mombasa to enhance collaboration.
This arrangement was reached following an official tour by KPA directors. ''The MoU will assist the authority build capacities of its staff through training opportunities in port operations, including pilots simulation programs and cargo handling,'' KPA said.
This arrangement will enable both organisations to learn best practices from each other with a view to improving port performance.
The port of Tanger is the biggest port in the continent in cargo volumes, having moved 7 million Twenty Feet Equivalent Unit (TEUs) container volume in 2021.
The Tanger Med Port Complex handled over 7 million TEU in 2021, up 24 per cent compared to the previous year.
Overall, the port handled a total of 7,173,870 TEU in 2021.
The commissioning of the TC4 terminal in 2019 and TC3 terminal in 2021 is said to have had a large hand in ramping up container handling at the port.
This confirms the leadership of Tanger Med in the Mediterranean and Africa and consolidates the position of this major hub for global maritime alliances led respectively by Maersk Line, CMA CGM, and Hapag-Lloyd.
The port has also witnessed a large increase in maritime traffic as 10,902 vessels called at Tanger Med in 2021, up 12 per cent from 2020. This includes 929 mega-ships.
According to Tanger Port Authority, the performances accomplished during 2021 affirm the position of the port complex as a major strategic hub but also its key role as a privileged logistics platform serving the national logistic competitiveness.
"The achievements are the result of the continued collaboration of all the partners of Tanger Med port complex. Particularly ship-owners, concessionaires, local authorities, and administrations," says the Port authority report.
Tanger Med, Hapag-Lloyd and Anglo-Eastern Ship Management also succeeded in enabling the world’s first digitally controlled port arrival in 2021.
This was conducted within the framework of a partnership previously announced between Tanger Med Port Authority and Wärtsilä Voyage which aimed at digitalising maritime port calls.


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Telus Seeks Beta Testers for Smart Home Products
Telus is inviting Canadians to sign up for their SmartHome+ Beta program to test and provide feedback on smart home tech, before it’s released for the public.
The program is open to residents of Canada who are comfortable with new technology and self-installing smart devices such as doorbell cameras and smart thermostats.
The SmartHome+ Beta community will get first access to next-generation Telus services, including hardware and features focused on energy management and enhanced security. Participants will get free smart home devices, the flexibility to cancel plans anytime, early access to new features, and the opportunity to influence future services. Additional perks include energy savings, TelusRewards, and exclusive benefits.
This beta program is not free, however. Telus says it’s paid but as of writing, no costs are listed on its website. Participants are expected to install and provide feedback on various smart devices to help the company improve them before launch. So you’re paying to get access but you’re also doing some work.
Telus says those signing up will be notified by email if they are eligible to join the beta program, which is on the company’s smart home website. We’ll update this story accordingly once we find out the price of the SmartHome+ Beta program from Telus.


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I think its a mistake to underestimate these two factors in the current financial/political scene.
Gold Buying in China Jumps as Inflation Flares, Boosting Demand, UBS Says
Kim Kyoungwha, On Wednesday March 2, 2011, 4:28 am EST
Gold purchases in China, the world’s largest producer, climbed to 200 metric tons in the first two months of 2011 as faster inflation boosted consumer demand, according to UBS AG, which said the price may gain to $1,500.
“China is the big buyer,” Peter Hickson, global commodities strategist at Switzerland’s largest bank, said by phone yesterday, without giving a comparable figure for 2010. The estimate for the two-month period compares with full-year consumer demand from China of 579.5 tons for last year, according to the World Gold Council, a producer-funded group.
Bullion, which rallied 30 percent last year, surged to a record yesterday as uprisings in the Middle East, quickening inflation and currency debasement boosted global demand. China’s consumer prices rose 4.9 percent in January from a year earlier, exceeding policy makers’ 4 percent ceiling for a fourth month.
“Chinese interest is huge,” said Peter Tse, Hong Kong- based head of precious metals at Bank of Nova Scotia. “Demand for physical gold and imports has increased substantially” due to the Lunar New Year holiday, Tse said today, referring to the week-long break that began Feb. 2.
China’s population has grown to 1.341 billion as of 2010
Asia Bizz: China still has the largest population on Earth, and the figure has mounted to 1.341 billion people. Since the year 2009, the population in China has grown only by 6.3 million, and this is really impressive for country, as it is working hard to control its population growth . China takes out a census once in ten years and final figure will be released in the month of April.


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Ausa on show on both sides of the equator
By Steve Ducker14 May 2015
Spanish construction equipment manufacturer Ausa will be exhibiting almost its full range at the M&T Expo, taking place in Brazil next month.
Dumpers, forklifts, telehandlers, mixers and sweepers will all be represented on the stand during the event in São Paulo, which runs from 9 to 13 June.
The exhibition adds to an already busy month for the company. From 2 to 4 June it will also be present at the Plantworx show in the UK.
M&T Expo is now in its 20th year, and Ausa said: “We couldn’t miss the opportunity of attending, so part of our sales force together with 10 of our most important machines will move to Brazil to take part in the exhibition.”
Ausa has projected close to double digit growth in turnover for 2015. It has business partners in Brazil, Chile, Colombia and Peru and recently opened a new subsidiary in the USA.
The company has also recently reported an increase in revenue from its home country as the Spanish economy starts to recover.


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News & Events
The Tesla Memorial Conference is live at www.remembertesla.com (please donate there to help offset the cost of streaming). Tickets for the Tesla Spirit Awards Gala from 7 to 10 PM are still available via EventBrite. Unveiling of the Tesla bust at 7–8 PM.
Meet … [ read more... ]
The third Tesla Memorial Conference, organized by our friends at the Tesla Science Foundation, is held this Saturday, 10 January 2015, at the New Yorker Hotel beginning at 9 AM (Tesla spirit awards gala 7–10 PM). Tickets and information available via EventBrite.
Those who … [ read more... ]


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Danske Spil introduces new ID requirements
The Danish operator Danske Spil has introduced new ID requirements for betting in kiosks and supermarkets.
Denmark.- Danske Spil has introduced new identification requirements for betting in kiosks and supermarkets. The company said that it now demands more than 3000 dealers to ask individuals to show identification cards before they can play. The card is likely to be ready by 2020.
The cards can be electronic or physical, and Danske Spil will invest time in the next few months to get the necessary IT support to ensure that the new ID requirements are in line with the company’s customer experience standards.
“The card is a further step in Danske Spils’ continued work with responsibility to ensure that games at Danske Spil are not sold to young people under 18 or abused by criminals for money laundering,” said the company in a statement.
CEO Susanne Mørch Koch said: “Danske Spil is Denmark’s gaming company and we won’t tolerate uncertainty as to whether our offering can be reached by children and young people or be abused to launder illegal money.
“We already carry out extensive checks on betting in kiosks and we work closely with the police to track suspicious people who might have criminal intent, but we can’t live with the doubt as to whether a criminal goes under our radar.”
Moreover, she explained that compliance with age limits has been a key area for the company, and with the playing card they have an important tool in hand. “Gambling is for adults and not for children,” she said.
The impact on the company’s finances
“It is not possible to accurately calculate the negative consequence of introducing the game card. It is to be expected that part of the spontaneous game will go away and that it will cost us a significant three-digit million on our turnover at least in the short run. We have to take that write-down simply because we do not want to accept the alternative,” explained the CEO.
Gambling revenue falls
Gambling in the third quarter accounts for €215 million, which is approximately €3 million less when compared to the €218 million in 2018.
Online casino registered a 4% increase in revenues to €75.8 million, but the figure is also a 10.6% decline when compared to the previous quarter. Around 73% of that revenue comes from online slots, which generated €55.7 million.
As good as the online casino performance was, it didn’t manage to offset land-based casinos’ poor quarter. The vertical generated €10.9 million, which is virtually flat from 2018.
Sports betting was once again the top scorer in the market and accounted for 39% to €84 million. However, the figure represents a 3.8% year-on-year decline. Mobile was the most popular channel as it totalled 50.2% of all revenue during the quarter.


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MARKS & SPENCER UNVEILS NEW WINTER COLLECTIONS
-Delhi fashion gala marks M&S’ tenth anniversary in India-
Marks & Spencer celebrated its tenth year of trading in India with a special fashion gala unveiling its latest winter collections at its Connaught Place store in Delhi.
Bollywood actress Kalki Koechlin had joined Marks & Spencer Reliance India CEO Martin Jones and his team to mark the occasion with an exclusive catwalk show. Over 200 guests attended the gala which showcased this season’s latest looks and must-have pieces from across M&S’ popular clothing brands. Some of the well known faces comprised Mrs. Neila Devi Kapoor wife of late Mr. Shammi Kapoor and prominent models like Sachin Khurana, Himani Thapa and Kajal Srivastava.
Speaking from the Connaught Place store, Martin Jones said: “The last decade has been an incredible journey for Marks & Spencer in India and we’re delighted to mark this important milestone in Delhi where we started 10 years ago. Tonight we’ve been able to celebrate how far we’ve come by showcasing the very best of our fashion collections, in one of our newest stores. We’re continuing to grow our business in India and are looking forward to the next 10 years and beyond.”
Some of this winter’s most fashionable outfits were modeled by Kalki, who headlined at the catwalk show. Kalki said: “It’s been a pleasure to be part of M&S’ tenth anniversary celebrations tonight. When I look for style and quality, Marks & Spencer is the first brand that comes to mind. I’ve been an M&S customer for many years now and I love the latest fall winter collection, especially the Limited Collection.”
Kalki Koechlin wore M&S Limited Collection, a fashion focused range that is always first with the key catwalk trends of the season. Both her looks were highly appreciated and applauded by the fashionistas and the guests present at the show. These edgy, desirable and confident pieces have all the buzz and anticipation of a girls’ night out


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👩🏫💻 Thinkific Releases New Digital Learning Trends Report - Data Reveals How Creators Are Rising to the Challenge in 2023
Sunday, 22 January 2023 04:36.PM
- Report combines rich industry analysis, proprietary survey data from over 2,000 respondents, and unique insights provided by more than 100 creator educators (the class of creators producing content designed to share knowledge or drive impact).
- Key trends reveal the latest tactics creator educators are adopting to satisfy the evolving appetites of student customers.
- Report finds that today, over twice as many people are interested in creators making content for education than for entertainment purposes. -
Thinkific Labs Inc., the platform shaking up online education by empowering creator educators to build, market and sell digital learning products, announced the release of its new Digital Learning Trends Report 2023.
The in-depth report provides a unique look into the current state of digital learning, backed by consumer survey findings from over 2,000 respondents and invaluable insights from more than 100 creator educators. With this comprehensive, first-hand data, the report outlines forward-looking industry trends that are paired with actionable tips for anyone looking to launch or grow their own successful digital learning business.
Some top industry trends include:
• The shifting tide from creator entertainers to creator educators
• The emergence of microlearning as a solution for life-on-the-go
• The rise of community-first digital learning
• The diversification of income streams offering financial security in uncertain economic times
Other key findings include:
• Today, more than twice as many people are interested in creators making digital content for education than for entertainment purposes.
• 53% of people say they're more likely to buy a product if it's recommended to them by a member of a community that they belong to.
• More than 60% of people learn new things from content on YouTube, Instagram or TikTok.
• 71% of people are currently considering pursuing additional income streams, and 43% already have a side hustle.
"Researching and developing our annual Digital Learning Trends Report gives us an invaluable pulse check on our industry, as well as the opportunity to hear directly from creator educators and their own student customers," said Greg Smith, Co-Founder & CEO of Thinkific. "We're excited to be able to translate this knowledge into actionable insights that empower our creators to understand and leverage key trends that will supercharge their digital learning businesses."
A host of successful creator educators also contributed to the report, sharing their own learnings on how they've monetized their expertise to build successful businesses. For example:
• Jill Koziol, Co-Founder and CEO of Motherly, a wellbeing destination with an inspiring community of over 30 million moms learning to navigate the ups and downs of motherhood, together.
• Debbie Rosas, Co-Creator and Founder of internationally acclaimed fitness program and lifestyle company, Nia Technique, Inc. As a pioneer in the body-mind fitness industry, Debbie has used her experience to build a thriving, global fitness company with a 7-figure revenue.
SOURCE: Thinkific Labs Inc.
- 30-Nov-2023 12:00 PM JOBS 🧑🔎👩🏫💻 Microsoft Expands Digital Footprint in Quebec with Usd$500 Million Investment in Infrastructure and Skilling Initiatives 💵
- 29-Nov-2023 02:28 PM ONTARIO 🤓🧑🎓 Ontario's Public Colleges and Ireland's Technological Universities to Collaborate on Programs and Research 💵
- 25-Nov-2023 12:00 PM ONTARIO 🤓🧑🎓 Colleges call for immediate provincial investments and modest five per cent tuition increase 💵
- 17-Nov-2023 12:00 PM TORONTO JOBS 🧑🔎👩🏫💻 Seneca Polytechnic and Siemens Partner to Provide Tools and Training to the Next Generation of Industry Leaders
- 14-Oct-2023 04:33 PM 🏛💼📜 The Government of Canada Expands Trusted Partnership with BlackBerry 🖥🔒
- 14-Oct-2023 02:25 PM 🏛💼📜 Government of Canada launches consultation on the implications of generative artificial intelligence for copyright ⚖📜🖥
- 14-Oct-2023 12:00 PM 🖥 Are You Making Yourself Easy to Hack? Canadian Cyber Firm Launches Ai-Powered Platform to Reduce Personal Cyber Attacks
- 11-Sep-2023 10:16 AM 💻 Canadian Fintech Investment Drops to Pandemic-Era Levels in The First Half of the Year
- 30-Jul-2023 12:00 PM New Supply Chain Challenges are Coming - Modern Control Towers May Be the Solution, Says Info-Tech Research Group
- 27-Jul-2023 06:13 PM 💵💚 Government of Canada Supporting Ontario Universities With Funding to Reduce Pollution to Achieve Environmental Success


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Today is the second day of the Mobile 2.0 Europe conference. Yesterday was the developer’s day, which I missed to attend HiT Barcelona. Again, it’s a small conference, but there seems to be more enthusiasm in the air than at HiT event. The reason may be that it’s taking place in a smaller venue at Esade Business School.
Anyway, I arrived in the midst of “Openness” panel where we’ve heard Matthaus Krzykowski from VentureBeat, Pat Phelan from Cubic Telecom, Andreas Constantinou from VisionMobile, Christian Sejersen from Mozilla, and Jacob Lehrbaum from Sun Microsystems discussing what the “concept of open” brings to the industry. Symbian Foundation’s David Wood supposed to be on the panel, too, but when I arrived, he wasn’t there. Unfortunately, I haven’t caught much of the action, but it looks like the audience was engaging.
Afterwards, Tom Raftery from RedMonk talked about Mobile Sustainability, pointing out how climate change is affecting all of us. He also mentioned examples what handset makers and mobile operators are doing to “go green.” Vodafone was praised as the bright example, while Telefonica failed miserably.
At the moment I write this, the “Context” panel is about to take off. Skyhook Wireless’ CEO Ted Morgan is having a keynote and afterwards we’ll hear the following people further exploring the subject:
- Raimo van der Klein, co-founder of SPRXmobile
- Xavier Carillo Costa, CEO and founder of Digital Legends Entertainment
- Tommy Ahlers, founder of Zyb and now Head of LBS at Vodafone and CEO of Wayfinder Systems
- Felix Petersen, founder of Plazes.com and now Head of Product Strategy Social Location at Nokia
- Greg Skibiski, CEO of Sense Networks
Later in the day, I hope to catch up with some of the companies which are at the show. Stay tuned…


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NORFOLK, Va. — Downtown Norfolk Restaurant Week is officially underway! This week you can score deals on lunch and dinner at more than a dozen restaurants in the city.
Restaurant managers say it’s a big week for business owners.
Freemason Abbey restaurant is a downtown Norfolk staple in a 149-year-old church. But like many other restaurants, the past two years hit the business hard.
The restaurant’s executive manager Lori Maddux said during the last Norfolk restaurant week, her team dealt with a common problem -- being short-staffed.
“It’s not been fun to be in the restaurant business. [Being] short staffed made it very difficult. Very difficult," Maddux said. “We’re very excited because finally, we’re back to a little more normalcy than we’ve had in the past couple of years. January restaurant week, we were short staffed and it snowed to where we were closed all day on Saturday and Sunday morning, as well. So we’re real excited because we are finally staffed to where we need to be.”
Across town at Stockpot, sous chef Gabby Wellington said her team also contended with staff shortages.
“It’s definitely a struggle. We’ve been back and forth with staff," Wellington said.
They've also faced rising food costs and pandemic-related supply chain issues.
“Especially with chicken and eggs and stuff, the cases have gone up so much, especially the avocadoes," Wellington said.
But things are looking up: Wellington and Maddux say they no longer have staffing problems this summer.
“I feel like we struggled mainly in the beginning, but it’s been pretty good so far," Wellington said. “Especially since 2020 hit, everyone is very, very supportive and we’re very thankful for that.”
And through restaurant week, chefs at places like Stockpot and Freemason Abbey have a chance to entice new customers and encourage people to come back.
“We put a lot into it. We try to make it real attractive where people feel like they’re getting a good value, a good deal, and we add something that’s not on the menu, normally," Maddux said.
For a list of participating restaurants and a look at the menu. visit downtownnorfolk.org/explore/restaurant-week.


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Daniel Bunce is the man to spearhead the fast-casual brand's global expansion plans
German Doner Kebab is pleased to announce the appointment of Daniel Bunce as its new global COO. Promoted from his role as managing director for the UK and Europe, Daniel’s track record is impressive, since starting at GDK in 2018. He has been a key player in the rise of the brand and cementing its status as one of the UK’s fastest-growing restaurant chains.
Thanks to the contributions of the likes of Daniel, a busy 2021 saw GDK speed up where others slowed down. With the opening of 39 new UK restaurants and a further 78 planned this year, this coincided with a 75 per cent overall increase in sales and pre-existing restaurants also enjoying a 27 per cent increase on 2020.
With 3,500 UK employees and a planned 350 franchises in the next seven years, Daniel has clearly been busy. It is results like these that have seen him promoted.
He said: “I am excited to be moving into the role of global COO and continue growing and developing GDK into an international, game-changing brand of the future.”
He spoke warmly of his time in the UK but was also keen to highlight the potential of other regions of operation.
He said: “2021 was a monumental year for GDK, particularly with our UK restaurants, but I am looking forward to our exciting expansion plans as we look to grow across key regions in America, Canada and the Middle East, bringing a fresh and exciting alternative to the Gen Z and millennial audience.”
11 new restaurants are already planned for North America along with plans to see GDK in Riyadh, Saudi Arabia. The Ajlan Bin Ajlan Group has been signed up as the master franchisee in Saudi Arabia with an agreement to reach 100 restaurants in five years. In Europe, Spain and Ireland are the latest targets with expansion plans set to be announced.
GDK Group CEO, Imran Sayeed, said: “We are excited for him (Daniel) to move into this new role and lead our global growth strategy across key regions in the USA, Canada and Saudi Arabia and Europe.”


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SASCOC has announced the names of the team that will be participating at the Africa Union Sport Council Region 5 Games, previously known as Zone VI Games, which will be taking place in Bulawayo, Zimbabwe from 5-15 December 2014. This is the sixth version of these games.
Somerset West, South Africa - Petro Kruger of Somerset West is getting better with age. The senior tennis player has just completed a week at the 2014 ITF Super-Seniors World Individual Championships in Antalya, Turkey.
Your TSA Reward card has been encoded to offer you discount rewards at our swipe partners. These discount rewards will be earned each time you spend at one of our partners and will be available to use at any of our partner stores.


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Council boost for Argyll businesses
A THIRD of Argyll and Bute Council contracts were awarded to local businesses last year, amounting to 67 overall.
The council’s procurement practices were also awarded a top rating by the Scottish Government.
‘ This is a time of unprecedented challenge for local government finances,’ council leader Dick Walsh said. ‘ This is a real vote of confidence in the important work our procurement team does. Their role is to buy goods and services for the council, navigating often tricky legal pathways, and in doing so support local businesses and ensure best value for the public purse.
‘ They continue to save the council money wherever possible, money that can then be used for frontline services.’


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Valve has announced it will be replacing its Steam Greenlight service with a new distribution system known as Steam Direct this spring. Steam Direct will completely replace Steam Greenlight, but Valve has said it will still allow Greenlight titles to be added up to two weeks before Steam Direct goes live.
Under the new system, developers will no longer need to obtain a certain level of community interest before their game gets published. Instead, they’ll simply need to fill out "a set of digital paperwork, personal or company verification, and tax documents similar to the process of applying for a bank account," Valve explained in a news post.
"Once set up, developers will pay a recoupable application fee for each new title they wish to distribute, which is intended to decrease the noise in the submission pipeline."
However, with Valve also proposing to introduce a publishing fee, the service could end up being more harmful to smaller developers in the long run.
"While we have invested heavily in our content pipeline and personalized store, we’re still debating the publishing fee for Steam Direct. We talked to several developers and studios about an appropriate fee, and they gave us a range of responses from as low as $100 to as high as $5,000. There are pros and cons at either end of the spectrum, so we’d like to gather more feedback before settling on a number."
Steam Direct is the next evolution of Valve’s Steam Greenlight service. "After the launch of Steam Greenlight, we realized that it was a useful stepping stone for moving to a more direct distribution system, but it still left us short of that goal," Valve said.
"Along the way, it helped us lower the barrier to publishing for many developers while delivering many great new games to Steam. There are now over 100 Greenlight titles that have made at least $1m each, and many of those would likely not have been published in the old, heavily curated Steam store.
"Greenlight also exposed two key problems we still needed to address: improving the entire pipeline for bringing new content to Steam and finding more ways to connect customers with the types of content they wanted."
To help solve these problems, Valve says it overhauled its developer publishing tools in Steamworks, on top of introducing features such as user reviews, discovery queues, user tags and Steam Curator lists. Indeed, Valve notes that average playtime has been steadily increasing ever since it introduced its first Discovery update, and the number of purchases by individual customers has doubled.
Now Valve wants to build on these updates by implementing Steam Direct, the next stage in its ever-evolving distribution system. With the service set to launch sometime this spring, we’ll be keeping a close eye on how it affects sales and purchases, as well as how it affects developers trying to get their games on the new platform.


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Aug. 30, 2004 -- Dieters beware. An ingredient found in many "ephedra-free" weight loss products could trigger the same dangerous heart problems that prompted the FDA to yank ephedra off the shelves last year.
The banning of ephedra prompted an entire new line of so-called 'safe alternatives' to weight loss products. Many of these weight loss products contain the herb Citrus aurantium (C. aurantium), otherwise known as Seville orange or sour orange. C. aurantium has also been used in traditional Chinese medicine to treat digestive problems.
But there is no evidence that the herb actually helps shed pounds, according to a new review of these products by Georgetown University Medical Center researchers.
More worrisome is the concern that C. aurantium is loaded with potential health risks. The herb contains an epinephrine-like compound called synephrine, which can cause high blood pressure like ephedra.
"C. aurantium has many of the same potential deleterious cardiovascular effects as ephedra," Georgetown physiology professor and review co-author Adam Myers, PhD, says in a news release.
In addition, people who take C. aurantium along with certain medications risk serious drug interactions. The herb can affect the breakdown of many medications, which can lead to toxic amounts of a medication in the bloodstream. People taking blood thinners, such as Coumadin, and calcium channel blockers for blood pressure should be especially cautious. Grapefruit juice causes the same effect, especially in patients on heart medications.
So far no adverse effects have been associated with the ingestion of C. aurantium, yet researchers warn that ephedra's lesson should be taken to heart -- and this new product should be avoided until short- and long-term safety is established.
"Given what we know about the cardiovascular effects of synephrine, modern usage in weight loss products should not be presumed to be safe," the researchers write in the journal.
Always check with your doctor before trying an herbal weight loss product.


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Innovative Hires Top Cloud Exec to Accelerate Growth with AWS
Jeff Valentine brings 20 years of technology experience to fastest growing cloud managed service provider and AWS Premier Partner
Innovative Solutions, an Amazon Web Services Premier Consulting Partner, announced the recent appointment of Jeff Valentine as President and COO. As a leading managed cloud service provider, Innovative is rapidly growing in partnership with customers of Amazon Web Services (AWS) as it enables their digital transformations with a focus on cost optimization, cloud security, and operational excellence. Valentine will drive the scalability of operations to drive unmatched customer experiences for businesses everywhere.
Justin Copie, Innovative’s CEO, said, “Jeff’s background leading several successful technology companies, including three years as a C-level executive at one of our technology partners, provides our team and our customers with the opportunity to rise up like never before.”
Recommended AI News: New App Targets Student Mental Health Crisis in Pandemic
Innovative Solutions, an AWS Premier Consulting Partner, has appointed Jeff Valentine as President and COO.
Innovative has been serving the technology needs of businesses for more than 30 years and has experienced exponential growth since 2019 as it has expanded its managed cloud services offering into over 240 cities and 3 countries. Valentine’s passion for growth paired with Innovative’s team of AWS-certified cloud engineers will continue to enable businesses to modernize their operations using the cloud.
Recommended AI News: Axiomatic Data Creates and Releases ThriveScores
“Businesses everywhere are realizing that moving more of their applications and operations to the cloud helps them meet their goals,” said Valentine. “I’m excited because Innovative helps businesses accelerate their digital transformations with our army of cloud experts, our technology, and our best practices.”
Valentine is a seasoned growth leader with over 20 years of experience in starting, growing, and investing in technology companies. Most recently, Valentine spent three years as CTO of one of the leading providers of cloud insights software that accelerates digital transformations. Valentine served as CTO, CPO, CMO, and CEO at various technology companies since the late 1990s.
Recommended AI News: TCS Launches Neural Automotive and Industrial Experience Center Outside Detroit


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Bitcoin and cryptocurrency prices have fallen sharply through September, proving bears right.
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains
The bitcoin price is more than 15% lower than where it began the month, with ethereum and other major cryptocurrencies falling even further. This week, China sent bitcoin tumbling further after it declared all cryptocurrency-related financial activities illegal—wiping $150 billion worth of value from the combined crypto market.
Ahead of China's latest bitcoin and crypto crackdown, analysts at Wall Street giant JPMorgan
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"This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated Chicago Mercantile Exchange (CME) futures contracts to gain exposure to bitcoin," the analysts wrote in a note to clients first seen by Business Insider, pointing to bitcoin futures on the CME trading below the bitcoin price though September.
Researchers found that big investors are eschewing bitcoin futures, pivoting instead to ethereum as the number two cryptocurrency by value gains momentum thanks to the ongoing non-fungible token (NFT) craze and expectations ethereum-based decentralized finance (DeFi) will rival traditional finance. The 21-day average ethereum futures premium rose to 1% over actual ether prices, according to CME data cited by JPMorgan.
"This points to much healthier demand for ethereum vs. bitcoin by institutional investors," the analysts wrote.
Earlier this month, JPMorgan managing director Nikolaos Panigirtzoglou said retail investors have been propelling smaller cryptocurrencies to never-before-seen highs, with bitcoin's share of the market now looking "uncomfortably low" by historical standards and "making cryptocurrency markets look frothy again."
CryptoCodex—A free, daily newsletter for the crypto-curious
JPMorgan is the latest in a growing line of crypto market watchers to pile praise on ethereum, with some going as far as to predict ethereum will eventually eclipse bitcoin.
"[Ethereum] is seeing an explosion in developer activity thanks to NFTs and DeFi," Cathie Wood, the chief executive of Ark Invest, said last week, revealing her confidence in ethereum "has gone up dramatically."
"I'm fascinated with what's going on in DeFi, which is collapsing the cost of the infrastructure for financial services in a way that I know that the traditional financial industry does not appreciate right now," said Wood.
However, it's feared the latest crypto clampdown in China could slow crypto adoption.
"The announcement of China's ban on crypto transactions has caused a big sell-off in bitcoin and other altcoins [and] could prove to be a brake on the global adoption of crypto," Simon Peters, crypto-asset analyst at brokerage eToro, said in emailed comments.


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New York – An estimated
23 million procrastinators plan to hit retail stores on Christmas Eve, giving
the brick-and-mortar channel a much-welcomed boost.
According to a consumer
tracking study by the International Council of Shopping Centers (ICSC) and
Goldman Sachs, 15 percent of shoppers ages 16 and older will be out on Dec. 24
completing their holiday gift lists.
retailers will be buzzing with activity on Christmas Eve,” which is well past
the cut-off for online holiday deliveries, observed ICSC president/CEO Michael
While sales at physical
stores still dwarf online volume, e-tail gains have far outpaced
brick-and-mortar growth this holiday season.
is also expected to be busy, the survey showed, with 47 percent of consumers
expecting to shop sometime during the work week between Christmas and New
- 2019 TWICE Top 100: Watch List - May 23, 2019
- 2019 TWICE Top 100: Consumer-Direct Sales Dominate The Charts - May 22, 2019
- 2019 TWICE Top 100: Best Buy Keeps The CE Crown, But Barely - May 21, 2019


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Iranian Minister of Industry, Mine and Trade hails his visit to Armenia as constructive, saying Tehran and Yerevan agreed on launching joint ventures, Iran’s Embassy in Armenia reports.
“We have clinched new agreements with Armenian officials on joint production of pharmaceutical products and home appliances based on which the raw materials or parts will be imported to Armenia. The joint products will be made in Armenia and exported to other countries,” Reza Fatemi Amin said on Friday.
He had already announced that the visit to Armenia was aimed at expanding bilateral trade ties via joint investments.
“This visit is focused on deepening ties between Iran and Armenia via joint ventures, said Reza Fatemi-Amin upon arrival in the Armenian capital of Yerevan on Thursday.
The Iranian minister headed a high-ranking delegation including trade officials and CEOs of private companies. This was the first visit to Armenia by high-ranking Iranian officials since President Raisi took office back in August 2021.
Expanding trade diplomacy with regional states tops the agenda of the new Iranian administration. Fatemi-Amin has already made several trips to the Persian Gulf states of UAE, Qatar and Oman to boost bilateral trade relations.
Facilitating Bilateral Trade
Fatemi-Amin also described the meetings with Armenian officials as helpful, saying they would facilitate bilateral trade between the two neighbouring countries.
“During the two-day visit we had helpful meetings with Armenian officials aimed at paving the way for the joint activities by Iranian and Armenian companies in trade transit, marketing and sales activities,” said the Iranian Minister of Industry, Trade and Mine.
Such visits are also aimed at facilitating trade by Iran’s private sector in neighbouring countries and tackling issues impeding business activities.
Dozens of the CEOs of Iranian private companies accompanied the Iranian delegation during the visit to Armenia.
According toFatemi-Amin, Iran and Armenia also agreed on launching Infrastructure projects in Armenia.
“During the meetings with Armenian Minister of Economy VahanKerobyan and Minister of Territorial Administration and Infrastructure GnelSanosyan and the Armenia deputy PM, we made preliminary agreements on a range of issues such as building dams and roads by Iranian companies in Armenia,” the Iranian Minister of Industry, Mine and Tradesaid.
“We agreed on building a transit road to complete the infrastructure projects in Armenia in the long run. Iranian companies will also participate in the relevant tenders,” he noted.
Iran has already announced its readiness to cooperate with Armenia in the construction of a new transportation route (Kajaran-Sisian road).
The 64-kilometer long route is part of the Iran-Armenia-Georgia Transportation Corridor which comes as part of Iran’s bid to launch the North-South Transport Corridor.
The International North-South Transport Corridor is a 7,200 kilometer long multi-mode network of ship, rail, and road routes for moving freight between Iran, India, Afghanistan, Azerbaijan, Russia, Armenia, Central Asia and Europe.
It is aimed at boosting trade connectivity among the regional as well as ultra-regional states.
Iranian and Armenian officials also agreed on cutting transit tariffs as part of the joint effort to boost bilateral trade.
“Regarding transit of goods, we had two short-term and long-term agreements with Armenia. We agreed to slash tariffs for transit trucks in short term,” Reza Fatemi-Amin said.
The Republic of Armenia and the Islamic Republic of Iran share a 44 km border.
The value of Iran-Armenia trade volume stood at $304 million during the last Persian calendar year (March 21, 2020- March 20, 2021), with both sides planning to beef up bilateral trade.
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Marks & Spencer's long-awaited Simply Food store on Southwark Street opens on Wednesday 4 June.
The 7,700 sq ft store will stock more than 2,800 products including ready meals, fresh produce, sandwiches, salads and snacks. The branch features a coffee and hot food counter.
The store, which opens for the first time at 10am on Wednesday 4 June, will employ 75 people.
Opening hours will be 7am-10pm on weekdays, 8am-8pm on Saturdays and 11am-5pm on Sundays.
The M&S store is at the base of the office building known as Bankside 3 which – along with Bankside 2 – is to be occupied by the Royal Bank of Scotland.
RBS wants to treat the two buildings as a single unit and proposes to build a bridge link between the two blocks at levels 2 to 8.
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Libbey: 2Q Earnings Snapshot
TOLEDO, Ohio (AP) _ Libbey Inc. (LBY) on Tuesday reported second-quarter net income of $4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Toledo, Ohio-based company said it had profit of 18 cents.
The glass tableware producer posted revenue of $214.5 million in the period.
Libbey shares have declined roughly 6 percent since the beginning of the year. The stock has decreased 14 percent in the last 12 months.


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Nintendo is no stranger to pushing the limits when it comes to video game console design. Over the years, it's consistently avoided the industry norm by pushing the boundaries of how controllers are designed. With its new gaming console, the Wii U, Nintendo, once again, pushed the limits by introducing a new style of gaming that involves two screens. But, Nintendo's insistence on avoiding the dual-analog controller design that many passionate gamers prefer may lead to the demise of the Wii U.
The Nintendo Wii U sales were substantially lower than many expected in the weeks leading up to Christmas. While the Nintendo 3DS was able to sell 433,000 units in Japan in the week leading up to Christmas, the Wii U sold a measly 122,000 units. Nintendo 3DS sales were up roughly 23 percent while Wii U sales dropped about 6 percent in the week prior to Christmas.
"To put Wii U performance in context, the old PSP portable console sold 58,000 units in Japan during the same week. It is not an encouraging sign that the more than half-decade old PSP (which was displaced by the PlayStation Vita a year ago) managed to sell nearly half as many units as the brand new Wii U during the holidays," reports Tero Kuittinen of BGR. Kuittinen adds that the PS Vita has also been selling dramatically below expectations, which doesn't bode well for Nintendo.
The Wii U is the most powerful gaming system Nintendo has ever created, which makes the weak sales statistics even more shocking. It's the very first console from the company to feature full 1080p HD graphics and a processor powerful enough to compete with top-tier systems such as the Xbox 360 and PS3. The Wii U's hardware is widely considered the best on the market, but its processing power hasn't been enough to propel the gaming console to commercial success.
Although Nintendo launched a massive advertising campaign for its new system, the company couldn't avoid bad press leading up to the launch of the Wii U. Among many setbacks, one of the most highly touted features of the Wii U -- the consoles ability to perform several web-based functions -- only becomes available after users download a 5GB firmware update that often took hours to download and occasionally bricked systems.
"Personally I think that users should be able to use all the functions of a console video game machine as soon as they open the box," Nintendo president Satoru Iwata told IGN. "So I feel very sorry for the fact that purchasers of Wii U have to experience a network update which takes such a long time, and that there are the services which were not available at the hardware's launch."
In addition to several facing firmware issues, the Nintendo Wii U was widely criticized for having very few compelling titles during its launch. Donkey Kong, Zelda, Metroid, Kirby and several others of the company's most popular franchises were not released during the launch week of the console. "[The] Wii U still feels very much like a work-in-progress. You'll really notice this when you switch apps or boot into or out of a game: The transition takes something like 10 seconds, and the visuals are utterly bare-bones -- uncharacteristically ugly for a Nintendo system," writes 1UP editor Jeremy Parish in his review of the system.
Whether Wii U sales are able to rebound from a lousy holiday shopping season remains to be seen. Certainly, the most popular gaming franchises from the company may help, but whether they can be shipped in enough time to save the system remains to be seen.


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Jackpot Lands $35M in Funding, Investors Include NBA Stars Joel Embiid, James Harden
Posted on: June 22, 2022, 12:30h.
Last updated on: January 3, 2023, 05:42h.
Jackpot, a provider of internet lottery games, said today it closed a $35 million series A funding round that includes some big-name athletes, team owners, and gaming executives.
Jackpot plans to launch operations in the US in select states this year, according to the company. Those states are expected to be New Jersey, New York, Ohio, Oregon, and Texas.
The round was co-led by Accomplice and Courtside Ventures, with participation from the Kraft Group, Michael Rubin, Haslam Sports Group, Elysian Park Ventures, Arctos Sports Partners, Sapphire Sport, Theo Epstein, Fenway Sports Group President Mike Gordon, DraftKings co-founder and CEO Jason Robins, NBA stars James Harden and Joel Embiid, NHL legend Martin Brodeur, musical artist Lil Baby, and Boston Red Sox President and CEO Sam Kennedy, among others,” according to a statement.
Rubin is the founder of Fanatics, while Embiid and Harden play for the Philadelphia 76ers. Earlier today, Rubin revealed he’s selling his 10% interest in the company that owns the 76ers and the NHL’s New Jersey Devils, for whom Brodeur starred.
Growth Seen in Internet Lottery
Traditionally, the $100 billion US lottery business has been offline and driven by cash. As Jackpot notes, last year “53% of Americans purchased lottery tickets, but only ~5% of those sales came from online transactions.”
However, some states are warming to the iLottery concept. While overshadowed by internet casinos and online sports betting, established lottery businesses, broadly speaking, are growing, profitable, and generating cash flow — all alluring traits for investors. iLottery offers its own compelling growth trajectory. As Lottery.com notes, just four percent of $430 billion in global lottery sales currently occur online.
“More and more states across the country are now open to online lottery ticket sales, creating a huge opportunity to digitize the industry and bring a better, more convenient experience for the hundreds of millions of Americans who purchase lottery tickets every year,” said Jackpot North America CEO Akshay Khanna in the statement.
The company plans to use the $35 million in series A funding to accelerate its US expansion, to add staff, to establish partnerships, and potentially for strategic acquisitions.
Jackpot Private for Now
In the statement discussing the funding round, Jackpot doesn’t mention plans to go public, and with capital raising being at the A level, it could be awhile before the San Francisco-based company discusses an initial public offering (IPO).
There are some public companies in the iLottery space, including Lottery.com (NASDAQ:LTRY) and NeoGames (NASDAQ:NGMS). Lottery.com went public last October. That stock is off 82.26% year-to-date, while NeoGames is off 47%.
In the US, NeoGames is operational in Michigan, New Hampshire, North Carolina, and Virginia, and is pursuing iLottery contracts in Alaska, Connecticut, Maryland, Massachusetts, Missouri, Ohio, and Oregon. It also provides iLottery services in Alberta, Canada, and some countries in Europe.
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"He was brilliant. I mean, he was our Edison. He was our Picasso. He was an incredible inventor."
That was Oracle CEO Larry Ellison describing Apple co-founder and late CEO Steve Jobs in an interview with Charlie Rose for CBS This Morning. Describing him as his "best friend for 25 years," Ellison spoke of Jobs as an irreplaceable visionary and foretold Apple's grim future without its boldest leader at the helm.
"Well, we already know," he said, referring to Cupertino's trajectory. "We conducted the experiment." Ellison traced his finger in an upward slope. "We saw Apple with Steve Jobs." And traced it back down. "We saw Apple without Steve Jobs." Back up. "We saw Apple with Steve Jobs." And down. "Now, we're gonna see Apple without Steve Jobs."


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When you think about 3-D printing, chances are you think of little plastic doodads created by desktop devices like those made by MakerBot. Computing and printer giant HP wants you to think about metal.
Today the company announced the Metal Jet printer, an industrial-scale 3-D printer that builds items not of plastic but of steel.
3-D plastic printing is widely used for custom items such as prosthetics and hearing aids, and by product designers for prototyping. But it's still a relatively small part of overall manufacturing. That's because, compared with more traditional mass-production techniques, 3-D printing is relatively slow and expensive and can be used with a more limited range of materials.
HP is trying to change that. In 2016, it launched its Jet Fusion plastic 3-D printer, designed for mass production rather than one-off printing. Now with the Metal Jet, it wants to get into big manufacturing sectors such as automobiles and medical devices. The company has partnered with Parmatech, which manufactures components for healthcare devices, and GKN, a supplier of automotive and aerospace parts. Those companies in turn will work with customers like Volkswagen to experiment with 3-D-printing metal. The partners will be able to get Metal Jets this year; others will have to wait until 2020.
For now, many of the products printed by the Metal Jet may be cosmetic---key fobs with custom engravings, for example. It will likely be years before you can buy a car with 3-D-printed metal parts under the hood. But Tim Weber, HP's head of 3-D metals, says 3-D printing will save manufacturing costs for certain product parts and enable companies to create new products faster. In some cases, companies will be able to use the same designs for prototyping and then for production. "A lot of parts take months to prototype. We can now do in days what it took months or years to do," he says. "It will increase the pace of innovation."
Others have been 3-D printing metal for years. GE Aviation, for example, produced a fuel nozzle for one of its jet engines using a process known as selective laser sintering. But that process is, like other 3-D printing techniques, slow and expensive. It might work for extremely expensive jet engine components, but it's not practical for the countless other metal items manufactured every day around the world.
HP is using a different process, known as binder-jet printing, which Weber says is cheaper and more efficient. The Metal Jet printer, which looks a bit like a washing-machine-sized photocopier, spreads layers of metal powder and then sprays it with a binding agent to solidify it in a process not unlike layer-by-layer 3-D printing. These items, essentially made of glued-together metal dust, aren't very sturdy; you can break thin pieces with your bare hands. So the initial pieces are then placed in an furnace---imagine placing cookie sheets in an oven, but instead of cookies you have a tray of car parts---where the extreme heat solidifies the powder. The final results are relatively light, smooth, and can include surprisingly fine details.


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CCCJ Tax Seminar for Canadian Expats in Japan
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On Sunday November 13, the sun beat down on the immaculate rows of graves, graves framed by red rose bushes that seemed poppies dancing in a cordial breeze. Ministers from four...
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By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) — The U.K. stock market fell sharply Friday, led lower by miners such as Lonmin PLC, whose shares sank after it lowered its full-year outlook.
The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX -2.29% dropped 1.6% to end at 5,765.80.
Stocks on Wall Street were sharply lower by the close of U.K. trading as economic worries soured sentiment. Read more about U.S. stocks.
“The general thrust of the developed economies is one of being stuck in first gear and in the slow lane,” said Stephen Pope, managing partner at Spotlight Ideas. “So for the U.K., where the FTSE is heavily biased to heavy-cap cyclicals, it is not surprising to see negative moves dominate, i.e., more red sessions than green.”
Europe's Week Ahead: Glencore
Commodities trader Glencore International and retailer Tesco will release first-quarter trading updates next week. U.K. bank Barclays will hold an investor seminar Wednesday.
Shares of miner Eurasian Natural Resources Corp. tumbled 7.5%, the top decliner in the FTSE. Earlier this week, the company said independent directors Richard Sykes and Kenneth Olisa had left the board.
A report in the Financial Times on Friday said a third independent director of the London-listed Kazakh company, Mehmet Dalman, is set to quit. His departure would leave just one independent director on the board. The FT said the three have been unhappy about the founding shareholders’ influence on upper management. An ENRC spokesperson wasn’t immediately available for comment.
Also in the mining sector, shares of Lonmin dropped 5.4% after the group lowered its full-year forecast to sales of around 720,000 platinum ounces.
Mining stocks in general were vulnerable on Friday. Metals prices fell as the dollar rose.
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Shares of miner Anglo American /zigman2/quotes/201381512/delayed UK:AAL -0.67% stumbled 3.3%, Vedanta Resources PLC fell 3.3% and Fresnillo PLC /zigman2/quotes/201300065/delayed UK:FRES -0.23% sank 2.8%.
In Asia, data from China showed export growth slowed in May while imports rose by a faster pace than expected by analysts. The trade surplus widened in May, but below expectations. Read more on China data
Analysts said with exports still solid, there is little to sway Chinese authorities from tightening monetary policy. China is a big user of natural resources and any sign that officials might want to slow growth often weighs on resource stocks such as miners.
Shares of HSBC Holdings PLC /zigman2/quotes/203901799/delayed UK:HSBA -3.71% slipped 1.3%. An executive said Friday that 40% of the investment bank‘s retail units were falling short of targets, and over the next few years the company would leave many of the 60-odd countries where it has those types of businesses.
“Some aren’t relevant and many are returning at levels substantially below the cost of equity,” said Iain Mackay, group finance director, at a Goldman Sachs European Financials Conference in Paris, according to Dow Jones Newswires. He said the U.S. would be among the most difficult markets to restructure owing to the residential market. An HSBC spokesman couldn’t immediately be reached.
Another big mover in London was pharmaceutical group AstraZeneca /zigman2/quotes/200304487/composite AZN +2.06% /zigman2/quotes/203048482/delayed UK:AZN -1.36% , which was downgraded by Barclays Capital to underweight from overweight. The analysts said uncertainty is high ahead of whether the U.S. Food and Drug Administration will approve AstraZeneca’s Brilinta heart drug, along with signs of weakening U.S. market share for its cholesterol drug Crestor. Shares fell 2.1%.
Shares of Tesco PLC /zigman2/quotes/203761082/delayed UK:TSCO -2.48% gave up early gains to close down 0.8%. Jefferies upgraded the retailer to buy from hold. Tesco trades at a discount of 10% to 15% relative to its peer group, which consists of other grocers and staples companies, the broker said.
Tesco will release a first-quarter trading statement on Tuesday.
Other retailers were under pressure. Kingfisher PLC /zigman2/quotes/200571451/delayed UK:KGF +0.03% dropped 2.4% and Marks & Spencer Group PLC /zigman2/quotes/206225481/delayed UK:MKS -2.92% fell 2.5%.
Away from the main index, shares of U.K. recruitment group Hays PLC /zigman2/quotes/208836868/delayed UK:HAS -3.10% rose 2.9% after a media report that Swiss-based Adecco SA /zigman2/quotes/201694772/delayed CH:ADEN -2.25% was mulling a 2.2 billion pounds ($3.6 billion) takeover bid. A spokesman for Adecco wouldn’t comment directly on Hays. He said the company looks at potential for bolt-on acquisitions, but that those are usually up to around 150 million euros ($217 million). A Hays spokesperson couldn’t immediately be reached for comment.


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A shopper checks a box of eggs at a grocery store in San Francisco on May 2, 2022.
David Paul Morris | Bloomberg | Getty Images
Which (price change) came first, the chicken or the egg?
Grocery prices are rising at their fastest rate in decades, and neither are eggs. Yet chicken prices fell in October.
It may seem counterintuitive that egg and chicken prices have moved in opposite directions.
The momentum is mainly due to a severe outbreak of bird flu in the United States – which killed many laying hens but left chickens reared for meat production largely unscathed, economists say.
“A lot of things have been up since 2020,” said Bill Lapp, president of Advanced Economic Solutions, a food economics consulting firm. “But the recent spike is extraordinary in the shell egg and egg product markets.”
An “unprecedented” egg supply disruption
Soaring egg prices are mainly the result of one of the worst outbreaks of bird flu in the United States
About 50.3 million birds have been affected by the virus since early February, according to recent data from the Centers for Disease Control and Prevention. These numbers also include birds such as turkeys and ducks.
Bird flu is relatively rare in the United States. The last episode dates back to 2015, when a record 50.5 million birds were affected, the CDC said. The flu hadn’t appeared for at least a decade or two before that, Lapp said.
Here’s why it matters: Bird flu, which is usually transmitted by wild birds like ducks and geese, is “highly contagious,” the New Jersey Department of Agriculture warned last month. It’s also extremely deadly; it kills 90% to 100% of chickens, often within 48 hours, according to the CDC.
Luke Sharrett/Bloomberg via Getty Images
Farmers generally have to kill their remaining birds — not by choice but because of federal rules meant to prevent the spread, said Brian Moscogiuri, global business strategist at Eggs Unlimited, an egg supplier based in Irvine, Calif.
As a result, about 37 million laying hens — “layers,” for industry short — have died since the start of 2022, Moscogiuri said. They make up about 10% of US production, he said.
The quantity of eggs cratered at the same rate. About 8.8 million eggs were produced in September, compared to about 9.7 million in December 2021, according to the most recent data from the United States Department of Agriculture.
“It’s a disruption of supply, ‘act of God’ type stuff,” said Moscogiuri, who called the situation “unprecedented.”
“It’s a bit of a coincidence that inflation continues [more broadly] during the same period,” he added.
Inflation and holiday receipts drive demand for eggs
Bird flu usually arrives during spring migration and clears up in summer, experts said. But this year was different; the virus reappeared in September.
In October, the Department of Agriculture revised down its table egg production forecast for 2023 and the rest of 2022 following “September detections” of bird flu.
This bird flu outbreak – and the resulting death toll for laying hens – is heading headlong into the peak demand season, when consumers use more eggs for holiday cooking, experts said. .
Consumer demand for eggs has also been boosted by a pivot away from some more expensive proteins amid broader food inflation, the Department of Agriculture suggested in an October outlook report. .
High egg prices “could last into the first quarter of 2023,” Lapp said.
“Broilers” are less affected by the flu than “layers”
Meanwhile, chicken prices retreated in October, falling 1.3% in the month.
The wholesale price of chicken breast has fallen below $1.20 a pound, a third of its peak of around $3.60 over the summer, for example, Lapp said.
Chickens raised for meat consumption – known as ‘broilers’ – are not affected by bird flu to the same extent as ‘laying hens’.
“They’re two totally different styles of production, two totally different breeds of birds,” Moscogiuri said.
The life cycle of a broiler is much shorter – 5.5 to 9 weeks from hatch to slaughter, according to Vencomatic Group, a poultry consultancy.
Herd of broiler chickens inside a chicken coop.
Edwin Remsberg | The image bank | Getty Images
However, a laying hen’s life cycle can be up to 100 weeks, Moscogiuri said. According to the Department of Agriculture, it can take about five to six months for laying hens to reach full productivity.
The latter are therefore more susceptible to bird flu since farmers have to keep them alive longer, according to experts.
The quantity of broiler chickens is also on the rise, helping to lower chicken prices at the grocery store.
For example, around 865 million broiler chicks hatched in August – 2.9% more than in August 2021 and a monthly record, which was previously set in March 2020, the agriculture ministry said.
Broiler “placements” have also increased in recent weeks, hitting a record 194.2 million chicks in the week ended September 17, according to the department. The agency raised the production forecast for 2023 on this “optimistic” hatch and placement data.
Despite the recent drop, chicken prices are still up 14.5% from October 2021, according to the CPI. Higher prices for staples such as corn and soybeans — the main ingredients in chicken feed — likely contributed to chicken inflation, as well as eggs. Higher energy prices also contribute to the high costs of food distribution, for example.
#egg #prices #rising #chicken #prices #falling #act #God #event #business #strategist


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Xiaomi Redmi 7A with 'new feature' to launch in India on July 4
Xiaomi Redmi 7A launch date in India has been set as July 4. The launch was confirmed by Xiaomi India Managing Director Manu Kumar Jain through a tweet.
Xiaomi Redmi 7A launch date in India has been set as July 4. The launch was confirmed by Xiaomi India Managing Director Manu Kumar Jain through a tweet. The Xiaomi India chief called the Redmi 7A "smart desh ka apna smartphone". Jain also confirmed that the Indian variant of the smartphone will come with a feature that is not present in the China version. "Mi fans, here’s something exciting. We are set to launch the #Redmi7A on 4th July. Let’s welcome #SmartDeshKaSmartphone and get ready to see it conquer the world. Can’t wait!" Jain tweeted.
The launch was further confirmed by e-commerce website Flipkart which has created a dedicated microsite highlighting the availability of the phone. Apart from Flipkart, the Redmi 7A will also be available through Mi.com and Mi Home stores. Redmi 7A is a modified version of Redmi 7 and comes with Snapdragon 439 SoC and packs a 4,000mAh battery.
The Flipkart microsite cofirms the Redmi 7A launch date as July 4 but doesn't mention anything about the smartphone's price or features. It also hints that the smartphone will come with a "fast processor", "Facebook-ready camera", and "long lasting battery".
Xiaomi Redmi 7A features
The Xiaomi Redmi 7A was launched in China earlier this year and is expected to come in two storage variants - 16GB and 32GB. It has a 5.4-inch IPS LCD display with HD+ resolution and is powered by Qualcomm Snapdragon 439 chipset paired with up to 3GB RAM. The phone runs on MIUI 10 based on Android 9 Pie. It is powered by a 4000mAh battery with a 10W charger. Jain has already confirmed that the smartphone will get a feature that no other brand offers in India for less than Rs 20,000.
In China, the smartphone was launched in two variants - 2GB RAM, 16GB storage and 3GB RAM and 32GB storage. The price of the 3GB RAM model of the Redmi 7A in China is 599 Yuan (approx Rs 6,000).
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The biggest automotive components firms are scrambling to address a shifting marketplace, where widespread fears about electrification and ride-sharing have led to many new partnerships and alliances. With consolidation looming, and the likes of Continental being hammered by the stock market, the nimbler suppliers are hoping to mop up – and Mobica is just one of these firms.
Mobica has around 800 staff, 650 of which are engineers. About 250 of these engineers are in the Automotive division, with the others split between the Silicon and Connected Devices wings. Headquartered in the UK, with R&D facilities in Poland and more sales-focused offices in the USA, Mobica has north of £50mn in annual turnover.
Evolving from work in the telecoms and mobile space, Mobica provides a full-stack chip-to-cloud offering, acting as a proactive supplier that will work with customers to develop components as a ‘solutions partner,’ – not retaining the IP at the end of the project. In the automotive sector, Arm and Intel are clients, with the latter’s IVI platform being an example of Mobica’s involvement, explained Butterworth.
Ries expanded, saying that the company is very well placed to chase the market, as it is able to be much more nimble than its larger automotive rivals. The largest OEMs in the automotive space, the Tier 1 vendors that supply the automakers, have six-figure employee counts, and have a much harder time turning the ship, so to speak. Ries believes that the T1s are going to struggle to cover both the revolution in mobility services, as well as the rapid evolution of car interiors.
Mobica, Butterworth said, is particularly focused on human-machine interfaces (HMI), Navigation, ADAS, and electrification, but is not so focused on the connectivity angles for V2X, rather arriving at the issue of connectivity from an IVI and OTA perspective – explaining Mobica’s membership of the GENIVI Alliance and the eSync Alliance, respectively. Mobica also focuses on the bus systems that link the disparate elements within the car together, which prompted our first high-level question – is the automotive industry pursuing the finally encrypted version of CAN-bus, or will automotive ethernet win out?
In short, the latter, said Butterworth, with Ries pointing to work that BMW has undertaken with FAW in China to this end. We then asked about the oft-cited potential for wireless protocols to act as the main bus for vehicles, of which both were skeptical.
As for the actual capabilities of self-driving cars, and when they could be successfully deployed on the road, the lengthy answer from Ries arrived at a 30-year figure. He noted that the automakers need alliances and huge investments to get to the point that self-driving vehicles are accepted, but also highlighted that while European automakers are focused on expensive SUVs, there are a plethora of Chinese firms focused at much more affordable price points.
There is also the distinct possibility that the likes of Apple and Dyson can make significant headway here, with Ries particularly enthusiastic about the opportunity for Chinese firms thanks to his experience in the country – and he is confident about growing Mobica’s footprint over there. Ries adds that China is a very different market for the incumbent automakers, with a new generation of brands that are ready to seize an international opportunity in electrification and autonomous applications.
Ries notes that this is a fear for the incumbents, that these new brands will push them out of the market entirely. The mobility revolution that is taking place sees younger generations of consumers become averse to private ownership of vehicles, where laws are changing to accommodate ride-sharing for cars, bikes, and scooters, and where autonomous vehicles would slot right in. To this end, Ries warns that the big automakers are still stuck in the SUV trap, and that there is a good chance that one of the big brands dies off.
This prompted us to ask about the potential for consolidation in the OEM sector, where the largest try to gain leverage by snapping up the smaller specialists to create more complete portfolio offerings. Ries said this too was likely, and that the OEMs need a much faster development tempo to avoid being outmaneuvered by the likes of LG, which has rapidly entered the sector. LG is exploring the use of webOS in automotive applications, expanding on the Palm-based OS’ use in its televisions, and Ries notes that it would only take one major automaker to adopt webOS to really shake up the market.
We asked about roadblocks on the horizon. Butterworth said there were still big decisions to be made about where computing will take place within the network, especially with regards to the cost of data transfer, and that as the pressure on the per-vehicle pricing model begins to increase, this industry needs to establish how it will monetize the data that these vehicles generate and consume.
Butterworth agrees that the vendor ecosystem is going to undergo consolidation, adding that big questions remain over how the automakers carry out interoperability functions between cars and application platforms, especially for things like V2V safety functions like emergency braking. To this end, the V2X protocol that is moving this data does not matter much at all, just that the data gets where it is needed.
Our final enquiry was whether hardware components were going to undergo a major round of consolidation, if vehicles embrace larger centralized processors to handle the major functions. Butterworth noted that there was logic in sharing the processing logic between different functions within the car, but that this necessitates proper hypervisor technologies with the appropriate safety functions – so that applications can be separated, for both failover and security reasons.


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[Update: Rolling out for Huawei Y9 Prime] Honor and Huawei announce global rollout of Magic UI 2.1/EMUI 9.1 with GPU Turbo 3.0
Magic UI 2.1 is the next major update to Honor’s UX, which in turn builds upon the changes and improvements that Huawei undertakes for EMUI 9.1. The Magic UI 2.1 update was set to arrive on the Chinese variants of Honor View20 and Honor Magic 2 in May, while global variants received the update in June. Meanwhile, EMUI 9.1 is rolling out to devices over the next few months as well. Now, Honor and Huawei have announced that several of its previous devices, including the Honor 8X, Honor 10, Honor View10, Huawei P30 Lite, and Huawei P20 Lite will receive GPU Turbo 3.0 with this update.
The list of devices scheduled to receive GPU Turbo 3.0:
- Honor 8X
- Honor 10
- Honor Play
- Honor View10
- Honor 10 Lite
- Huawei P30 Lite
- Huawei P20 Lite
- Huawei Nova3i
- Huawei Y9
Meanwhile, the Honor View20 and Honor 20 Lite have already received their updates.
Highlights of Magic UI 2.1/EMUI 9.1 include the newest update to GPU Turbo 3.0, which now covers a total of 25 games such as Fortnite, Real Racing 3, PES 2019, Fifa Mobile, Minecraft, and others. This update manages to reduce power consumption on the device during gameplay by up to 10% without needing to compromise on graphics performance, allowing users to game for a longer period of time. It was previously limited to flagship devices, but now it’s coming to many more.
Another headlining feature for Magic UI 2.1 is the rollout of EROFS file system. EROFS stands for “Extendable Read-Only File System”, and this new development from Huawei features an improved compression mode that focuses on performance and speed. Claimed improvements include an increase in random read performance by an average of 20% along with an increase in app start-up speed by 10%. This file system also promises to improve data reading performance in low-memory conditions, as well as improve the security of system files, though further details on how exactly it does this have not been disclosed.
Other smaller improvements include AI Vlog Editing feature which takes out the effort from combining several photo moments into a cinematic video, similar to what Google does often through Google Photos. Magic UI 2.1 also features new icons that have better readability, and new wallpapers. On the Honor View20, the new update also brings the AR Measure App Everywhere, which takes advantage of the ToF sensor on the device to serve as a means to measure objects in a jiffy.
Update: EMUI 9.1 with GPU Turbo 3.0 rolling out for Huawei Y9 Prime
The Huawei Y9 Prime was launched in India a week ago, and curiously, the phone launched with EMUI 9.0. Thankfully though, Huawei has already begun rolling out the EMUI 9.1 update for the phone. Newer devices should hopefully come with this update preloaded out-of-the-box. This ensures that all users will be on the latest update to Huawei’s UX on this device, enjoying features such as EROFS and GPU Turbo 3.0.


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Mumbai: Honda Cars India Ltd (HCIL) has announced a voluntary recall to replace Driver Side Airbag inflators of 57,676 vehicles. The cars affected range from previous gen City, Jazz and Civic.
The announcement is part of Honda’s preventive global recall campaign pertaining to Air Bag inflators. The free of charge replacement will be effected through HCIL dealerships pan India in a phased manner, beginning this weekend onward( 20th February 2016).
Honda Cars India is communicating with customers directly in regards to the recall. Details of affected vehicles are as follows: 49,572 Honda City sedans manufactured between January 2012 – June 2013, 7,504 Jazz hatchbacks manufactured between February 2012 – February 2013, and 600 Civic sedan units manufactured between January 2012 – August 2012, taking the total number of recalled cars to 57,676 units.
Honda India customers can check if their car is covered under this campaign by entering the 17 character alpha-numeric Vehicle Identification Number (VIN) on the special microsite created on the Honda website.


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| Apr 30, 2012
| 4:32 PM
Here's what we have our eye on today: After overcoming "unspecified part" issues, the Dodge Dart will begin rolling off the line in Chrysler's Belvidere, Ill., assembly plant May 3, Bloomberg News reports. Chrysler CEO Sergio Marchionne said in a......
| Apr 20, 2012
| 4:32 PM
Here's what we have our eye on today: Invista, the company responsible for Stainmaster carpets, may relieve the auto industry's pending resin shortage, Automotive News reports. The shortage spawns from a March 31 plant explosion at Evonik Industries;...
| May 9, 2012
| 4:32 AM
It looks like Chrysler and parent Fiat are resurrecting another European marque in the U.S. After reviving the Fiat brand in 2011 with the 500, it's Alfa Romeo's turn to woo U.S. consumers. The question isn't if, but when, and......
| Mar 30, 2011
| 2:15 PM
The 2010 Chrysler Sebring was such a disaster, we named it one of the worst cars of the 2000s. More than a new name, what it needed was a complete redesign.
Instead, for 2011 the Sebring got the name "200," some updated sheet metal, a new interior and a...
| Dec 6, 2011
| 12:32 PM
Chrysler Group is tapping its history, resurrecting the Dodge Dart name for a new small car being unveiled at next month's Detroit Auto Show.
The Dodge Dart name was last used on a small car sold in the mid-1970s.
The car will be based on...
| Feb 2, 2012
| 10:49 AM
There's some good news for Illinois' job market.
1800 new jobs are coming to the Chrysler plant in Belvidere..
The plant will have three shifts when the new jobs are in place and the Belvidere plant will start making the new "Dodge Dart" in the summer....
| Oct 12, 2011
| 9:33 AM
The United Auto Workers and Chrysler Group LLC reached tentative agreement on a four-year labor contract that would pay workers smaller bonuses than unionized workers at General Motors Co and Ford Motor Co, the union said on Wednesday.
The labor deal...
| Oct 15, 2011
The latest delay in Alfa Romeo's resumption of U.S. sales — now pushed back to mid-2013 — is bad news for more than 100 of Chrysler's best dealers. They expected the sporty Italian brand's American reboot to help cover the cost of expensive...
| Apr 30, 2012
| 5:57 AM
Chrysler Group is set to announce a growing commitment to the City of Detroit this week.According to The Detroit News, the announcement includes moving about 70 Chrysler workers from Auburn Hills to downtown Detroit. Most of the employees are sales...


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A luxury cruise is set to sail in South African and Mozambique this December, and the best part is that you do not require a visa.
The 5-star Azamara Pursuit cruise ship will embark on its first voyage in South Africa on December 21. Their last season was almost three years ago on board the attractive Azamara Quest.
The 12 and 13-day itineraries will introduce travellers to Cape Town, Gqeberha, East London, Richards Bay, Durban and Maputo, Mozambique. Depending on the itinerary, travellers will get to disembark at ports to explore the area for the day.
For example, their 12-night South Africa golf cruise will showcase one of the world’s most challenging links courses, The Hill and Humewood, in Gqeberha, as well as the famed Durban Country Club in KwaZulu-Natal.
Another 12-night cruise will feature exotic safaris, golden beaches and Unesco World Heritage Sites.
Cruises are priced from $2 589 (about R35…


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Tesla CEO Elon Musk may be excited about electric cars, but he’s a bit wary of the automotive sector as a whole. In recent comments on Twitter, Elon Musk said that other automakers are actually “much closer” to bankruptcy than the companies realize.
Elon Musk’s statement was a response to a post by former Tesla employee and YouTube creator Farzad Mesbahi, who observed that people who are so focused on Tesla are ignoring the fact that most other carmakers are bankrupt.
Much closer than they realize
— Elon Musk (@elonmusk) December 17, 2022
Elon Musk’s response suggests that he agrees that this is indeed the case. Closer than they realize, Elon Musk wrote. The Tesla CEO has been quite open about his cautious approach towards other car makers.
Elon Musk, who previously supported non-Tesla electric cars like the Porsche Taycan and Ford Mustang Mach-E, has shared his reservations about other automakers’ position in the past. These include newcomers to the EV field, such as Lucid Motors.
Elon Musk shared a warning to Lucid Motors after news emerged that the luxury electric car maker is adopting an aggressive strategy to protect its orders. Musk then noted that the Lucid was “not long for this world,” a statement that echoed his previous warnings about the automotive sector in general.
When talking about the difficulties of the automotive sector, Musk usually highlights the fact that the industry is extremely difficult, so much so that only Tesla and Ford have so far avoided bankruptcy. Musk has also shared some advice to Tesla rivals in the past.
In which electric truck maker Rivian has been told that his recommendation would be to optimize its first factory before building another large facility.


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Wolfson Microelectronics Falls on Samsung Drop-Off: London MoverMorgane Lapeyre
Wolfson Microelectronics Plc fell 2.5 percent after the Scottish semiconductor-maker said lower-than-expected orders from major customers will hurt sales.
The shares dropped 3.75 pence to 145.25 pence in London. More than 553,000 shares traded, about 2.5 times the three-month daily average.
Second-quarter sales growth had slowed because of “lower-than-expected end product sell-through at some key customers,” Chief Executive Officer Mike Hickey said in a statement today. “We expect this to continue to impact revenue over the next few months, as customer inventory is run down.”
Wolfson, based in Edinburgh, signed a deal with Suwon, South-Korea-based Samsung Electronics Co. in April to supply audio components for its smartphones including the Galaxy S4. Samsung second-quarter earnings then missed analyst estimates and the company predicted that growth in the smartphone market would slow in the next three months.
“Even adjusting for the Samsung slowdown, the numbers came out worse than I’d expected,” Pia Tapley, a London-based analyst at N+1 Singer Ltd, said in a phone interview. Wolfson may have suffered from generating more than 70 percent of its revenue in Europe and Asia “where weakness has been previously flagged in the industry,” N+1 Singer said in a note to investors.
Wolfson said it expected third-quarter revenue to be between $40 million and $50 million. The mid-point of that range would mean a 15 percent decline in sales compared with the same period last year.
“We’re expecting things to pick up towards Christmas,” Hickey said in a conference call today. “Our business is still very seasonal.”


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DUBLIN, July 30, 2020 /PRNewswire/ — The “V2X Cybersecurity Market by Unit Type (OBU and RSU), Form (In-vehicle and External Cloud Services), Communication Type (V2I, V2V, V2G, V2C, and V2P), Security Type (PKI and Embedded), Connectivity Type, Vehicle Type, and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The V2X cybersecurity market comprises major companies such as ESCRYPT (Germany), OnBoard Security (US), Autotalks (Israel), AutoCrypt (Korea), and Continental (Germany).
The growth of the V2X cybersecurity market can be attributed to the increasing trend of connected and autonomous vehicles equipped with V2X technologies and growing cyber threats in the automotive industry.
The global V2X cybersecurity market size is projected to reach USD 3,065 million by 2025, from an estimated USD 935 million in 2020, at a CAGR of 26.8%. The advent of V2X technology will have a significant impact on connected and autonomous vehicle technologies, which, in turn, will drive the V2X cybersecurity market.
The focus of automobile manufacturers has shifted from fuel efficiency, performance, driver safety, and stability of the vehicle to additional features such as vehicle connectivity, electrification of functions, and digitalization. This change in focus has created a massive opportunity for non-automotive industry players such as Intel, Qualcomm, and Nvidia, to name a few. Also, from the demand side, consumers are more inclined toward connected features such as navigation systems, live traffic updates, and easy access to emails via the internet in their vehicles.
The growing attraction of connected cars is compelling automotive companies to develop skills in web technology, chip design, and embedded systems, starting with smartphone integration. However, with the technological evolution of V2X communications, secure data processing has become a significant challenge. Thus, cybersecurity has gained a significant focus in the V2X communication system of vehicles.
The increasing cloud-based applications would drive the V2C segment in the forecast.
The V2C segment is projected to be the largest market during the forecast period. The fact that cloud stores all the personal/private data such as driver information, driving details, location, and vehicle details, securing V2C communications is one of the highest priorities for cybersecurity companies. V2C is a technology where all the necessary information from vehicles is stored on the cloud in real-time as well as various cloud services are provided in the vehicle.
V2C offers features such as weather updates, firmware & software updates of Fahad Al Tamimi (FOTA and SOTA), and multimedia services over the cloud (internet) inside a vehicle. These features allow vehicle users and passengers to stay connected with the outside environment. However, such features and applications need a constant update for proper functioning. Thus, it is the top priority for security solution providers to make cloud technology secure.
To avoid any malware, security updates are provided with the help of cloud-based services. These frequent updates reduce the risks associated with data loss, and at the same time, reduce the cost of data retrieval, which helps overcome many issues related to cybersecurity.
The Asia Pacific is expected to be the largest and the fastest-growing market during the forecast period.
The Asia Pacific region is projected to account for the largest share of the global V2X cybersecurity market during the forecast period. The region is home to renowned V2X cybersecurity companies such as Autotalks, AutoCrypt, and Argus Security. China is expected to be the most influential factor in the Asia Pacific V2X cybersecurity market. China has been conducting various tests and trails on cellular connectivity for V2X, and the expected country-wide launch is by 2021. The large market share of China can also be attributed to the high sales of the…


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Subaru Announces Near Record March Sales
Subaru of America Inc. today announced its second best sales month in the company’s history during March.
The company sold 26,916 vehicles last month – a 13 percent increase over March 2010.
“While we’re pleased to maintain sales growth, our thoughts are with our colleagues at Fuji Heavy Industries Ltd. and the people of Japan as they continue to deal with the aftermath of the earthquake and tsunami,” said Thomas Doll, executive vice president and chief operating officer at Subaru of America.
“On behalf of Fuji and SOA, we want to thank our retailers, vendors and suppliers for their tremendous support. We hope to have our factories running at normal production levels as soon as possible.”
As it continues struggling to receive a critical car part from Japan, Subaru of Indiana Automotive Inc. in Lafayette is making work changes next week for the Subaru associates at its Lafayette plant.
SIA said production of the part has resumed in Japan, which was hit last month by an earthquake, tsunami and nuclear disaster. But the volume of production has not returned to its normal level.
On Monday and Friday of next week, Subaru production hours will be shifted from eight to four, with a full eight hours of work available for full-time associates and variable workforce personnel.
“The non-production time will be utilized primarily for Total Productive Maintenance projects, ‘kaizen’ work and training,” said a statement from SIA. “All full-time SIA (Subaru) associates will also be given the option of using their available Paid Time Off or taking excused unpaid time off in lieu of remaining for the four hours of non-production work.”
SIA will have regular eight hour Subaru production shifts on Tuesday, Wednesday and Thursday of next week.
March sales among vehicles built at SIA showed:
• The Outback increased 38 percent over last year, to 10,498 units.
• The Legacy increased by 28 percent, to 4,450 units
• The Tribeca showed a 2 percent increase, to 248 units.
Sales of the Japanese-made Impreza rose by 3 percent last month, to 4,091 units; while sales of the Forester dropped 10 percent, to 7,629 units.
Nate Wade Subaru is proud to be a part of such a great company and we look forward to a great Spring and Summer.
To learn more about Nate Wade Subaru Visit http://www.natewade.com for details
Author: Max Showalter
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Nate Wade Subaru, located at 1207 S Main St in Salt Lake City, UT, is one of the longest standing Subaru Dealers in the USA and is the oldest exclusive Subaru Dealer. We offer the largest inventory of New and used Subaru's in Utah.