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United Arab Emirates
United Arab Emirates: Market Profile
- UAE GDP is expected to grow moderately at 1.5% in 2017 due to fiscal consolidation and an expected fall of oil output following the OPEC production cut agreement.
- In its 2017 budget, Dubai allocated Dh8 billion (US$2.2 billion) for infrastructure spending, a 27% increase from 2016, as the emirate prepares for World Expo 2020.
- In February 2016, the UAE announced to introduce a VAT of 5% in 2018, with exemptions covering 100 food items, healthcare and education.
- The UAE is Hong Kong's largest export market in the Middle East. In the first seven months of 2017, Hong Kong's total exports to the UAE dropped by 8.8% YOY to US$ 3,633 million.
Current Economic Situation
The UAE’s services, industry and agriculture sectors account for, respectively, 55%, 44% and 1% of the combined GDP of the seven emirates. Among the seven, Abu Dhabi and Dubai take up the lion’s share of the country’s GDP. Abu Dhabi, accounting for about 60% of the UAE’s GDP, owns around 10% of the world’s oil reserves and about 90% of the country’s oil reserves, is focused on energy-based industries. Meanwhile, Dubai, the second largest economy in the UAE, is known for its commercial and financial services, tourism, logistics and trading.
Economic sentiment in the UAE has gradually stabilised along with a mild recovery of oil prices since 2H 2016. The Economic Composite Indicator (ECI), a quarterly tracker of the non-oil economic activity, grew by 3.1% in Q1 2017, up from 3.0% and 2.6% in the previous two quarters. On the other hand, the UAE’s oil GDP growth slowed to 3.8% in 2016 following an expansion of 5.4% in 2015. For the whole year of 2017, the UAE economy is expected to grow moderately at 1.5% due to fiscal consolidation and an expected fall of oil output following the OPEC production cut agreement.
In November 2016, OPEC countries agreed with non-OPEC producers to curtail oil production, the first time since 2008, with the agreement extended in May 2017 for nine months to March 2018. However, there are growing market calls that oil suppliers will have to enlarge production cuts to reduce the global supply glut as US shale oil production continue to rise. In July 2017, the UAE ranked fourth in oil output at 2.905 million barrels per day (MBD) among the 14-member OPEC, trailing Saudi Arabia, Iraq and Iran.
Stabilisation in oil prices, along with rebound in investment, manufacturing and trade, is expected to contribute to an upswing of the UAE economy, with the IMF expecting growth to accelerate 4.4% in 2018 as global growth is expected to pick up steam from 2017.
To achieve fiscal consolidation amid declining government revenues, the UAE government has introduced a number of measures to reduce government spending through subsidy reforms. In January 2015, Abu Dhabi took steps to reduce subsidies by introducing usage-based water and electricity tariff systems. In August 2015, the UAE government removed fuel subsidies in petroleum, making it the first oil producer in the Middle East to deregulate energy prices. Subsidy reforms are expected to help ease pressures on the budget to allow savings to be directed towards financing transport and other infrastructure projects.
To further strengthen their revenue base and reduce dependence on oil prices, the UAE announced in February 2016 to introduce value added tax (VAT) at 5% from January 2018, with exemptions including 100 food items, healthcare and education. In the first year of VAT introduction, the UAE is expected to generate Dh12 billion (US$3.3 billion) of new tax revenue.
With an aim to reduce the contribution from the oil-related sectors, the UAE strives to diversify its economy by developing tourism, retail, trade and real estate industries. The UAE is adhering to its long-term strategy to diversify its national economy, from slightly less than 70% of the country’s GDP currently, to as high as 80% in 2021. In November 2015, the UAE announced a Dh300 billion (US$81.7 billion) plan to foster a knowledge economy and innovation, which will include initiatives with major investments in education, health, energy, transport, space and water. The plan also includes tripling the labour force in the “knowledge economy” by 2021.
The UAE is well known for its rapid infrastructure and construction development. Mega construction projects announced in 2016 included the metro extension project in Dubai (US$2.9 billion), second phase of the Atlantis Hotel on The Palm Jumeirah (US$840 million), and Nakheel’s Palm Gateway Towers (US$380 million).
Dubai won the bid to host the 2020 World Expo in 2013. Expo-related infrastructure works have created many business opportunities in the construction and tourism sectors. In its 2017 budget, the Dubai government allocated Dh8 billion (US$2.2 billion) for infrastructure spending, a 27% increase from 2016. In addition to awarding 47 construction projects worth US$3 billion in 2017, a further 98 non-construction contracts totalling more than US$98 million will also be disbursed in the same year, ranging from legal advisory services to event management and merchandising.
Dubai is also home to the largest theme park resort in the Middle East. Opened in October 2016, the US$3.6 billion Dubai Parks and Resorts comprises three theme parks (Bollywood Parks, Motiongate Dubai, and Legoland) and cover 30.6 million sq m of land. The construction of Bluewaters Island, a retail, residential, hospitality and entertainment complex off the coast of the Jumeirah Beach Residence in Dubai, is also set to complete in 2018.
The logistics industry has become increasingly important to the country’s economic diversification. As a trading and transportation hub in the MENA region, Dubai is the region’s largest container handler, with container throughput more than doubling from 7.6 million TEUs to 15.6 million TEUs between 2005 and 2015. In 2016, Dubai handled 14.8 million TEUs, ranking the 9th busiest seaport in the world.
Thanks to the expansion of airport infrastructure and airline networks, passenger traffic in the Dubai International Airport (DIA) grew 7.2% to reach a historical high of 83.7 million in 2016, making it the world’s busiest airport for international passengers. Despite a shift of cargo operations to Al Maktoum International Airport (AMIA) at Dubai South (previously named as Dubai World Central), DIA handled a record volume of 2.59 million tonnes of aircargo in 2016, increasing by 3.4% from 2015. AMIA, Dubai’s second airport, started managing passenger traffic in October 2013 after launching its cargo operations in 2010. Currently, there are over 30 freight operators at AMIA, including Emirates’ SkyCargo and Hong Kong-based Cathay Pacific. In 2015, the Dubai authorities announced plans to expand AMIA’s passenger terminal capacity to 130 million passengers per annum in 2022.
The UAE has become as an investment safe haven amid continuing conflicts in different countries in the Middle East and North Africa (MENA) region. To enhance investor confidence and raise UAE’s business environment to global standards, a new commercial law was introduced in 2015, covering corporate governance, shareholders protection and corporate social responsibility.
The global Islamic finance sector has been growing rapidly. The UAE government, particularly Dubai government has taken the lead in ensuring the emirate being a leading hub for Sukuk trading. As of April 2017, a total value of US$ 53.3 billion of Sukuk was listed in Dubai, making it the world’s largest Sukuk listing centre by value.
The Dubai International Financial Centre (DIFC), a free zone located in Dubai’s central business district, is one of the leading financial centres in the region. The DIFC is focussed on facilitating business transactions, trade and investments across the South-South corridor and has undertaken a number of overseas roadshows, including China, India, Singapore and the UK. The DIFC is also promoting the growth of FinTech – it is a member of the Global Blockchain Council, having launched the region’s first FinTech accelerator programme together with Accenture in 2017.
The UAE welcomes FDI and highlights it as a key part of its long-term economic plan, with a goal to raise inward FDI from 2.7% of its gross national product (GNP) in 2014 to 5% in 2021. Various emirates in the UAE have set up their own investment promotion units. The Abu Dhabi Department of Economic Development (DED) is responsible for leading the emirate’s economic agenda towards a balanced, diversified and sustainable knowledge-based economy. In attracting FDI, Abu Dhabi provides many investment incentives, including zero corporate tax and income tax, with more details found at the DED website.
In 2015, the Abu Dhabi Investment Attraction Committee has been set up to draft a FDI attraction strategy that focus on sectors already identified under the Abu Dhabi Economic Vision 2030. These sectors include industry, tourism, transport and logistics, financial services, insurance, media, energy, construction, real estate, telecom, information technology, health and education.
In Dubai, a new investment promotion agency under the emirate’s Department of Economic Development was established in 2014. The Dubai Investment Development Agency is tasked with enhancing Dubai's position as a global economic hub for attracting investment, targeting strategic sectors including manufacturing, logistics, information technology, green technology, retail, tourism and healthcare.
Dubai was the first emirate in the UAE to pioneer the free zone model, offering foreign businesses attractive concessions and investment incentives. Currently, there are over 40 free zones in the UAE and many of them have specialised themes such as finance, logistics, media, healthcare, textiles and automobile. Companies in free zones can usually enjoy 100% foreign ownership and profit repatriation, with no corporate tax, no customs duty, no currency restrictions, no labour restrictions and no trade barriers or quotas. A Free Zone Authority (FZA) governs each free zone and is responsible for issuing operating licenses. Further details can be found at the website of the UAE Free Zones.
Dubai’s Jebel Ali Free Zone (JAFZA), for example, is one of the largest and most successful free zones. In 2016, JAFZA attracted 460 new companies, of which 21% came from the Asia-Pacific region. Currently, JAFZA is home to more than 7,000 companies including more than 100 Global Fortune 500 enterprises. These companies are engaged in a range of industrial and service sectors, majority of which involved in trading activities, and the rest in the manufacturing and logistics sectors. In April 2017, China National Petroleum Corp (CNPC) announced plans to establish its regional headquarters in JAFZA.
While recently there are plans to relax the current 49% ownership restriction to allow 100% foreign ownership of companies outside free zones in certain strategic sectors, it is worth noticing that the overall regulatory and legal framework in the UAE still favours local over foreign investors. There is no national treatment for investors in the UAE and foreign ownership of land remains restricted.
The UAE accounts for nearly 30% of total FDI stock in the Gulf Cooperation Council (GCC). According to the 2017 World investment Report published by UNCTAD, UAE’s cumulative FDI reached US$117.9 billion in 2016, a yearly growth of 8.2%. The bulk of FDI was concentrated in the sectors of real estate, trade and car repairs, finance and insurance and manufacturing. China’s investment in the UAE has been growing in recent years, with cumulative FDI rising from US$764.3 million in 2010 to US$4.6 billion in 2015.
In May 2017, UAE Minister of State Sultan Ahmed Al-Jaber commented just ahead of the Belt and Road Summit, said his country strongly supports China’s Belt and Road Initiative. Foreseeing a 50% growth by 2040 in the energy demand in Belt and Road countries, he noted that both China and the UAE have made strategic co-investments in the energy sector. For example, China National Petroleum Corp. (CNPC) and China CEFC Energy Co., have recently taken a minority share in the UAE's onshore oil reserves.
The UAE is a member of the World Trade Organisation (WTO), and maintains a rather liberal trade regime. Imports are subject to few controls except for the import of arms and ammunition, alcoholic beverages, agricultural pesticides, narcotics and pork products. Israeli goods are also prohibited. There are no exchange controls in the UAE. However, all importers have to apply for a licence, and an importer can import only those goods specified in the licence.
Customs duty is calculated on the CIF value at the rate of 5% for most products. Imports of intoxicating liquors, however, are subject to a 50% customs duty on their CIF value, while the rate for tobacco products is 100%. CIF value will normally be calculated on the declared value of the shipment.
There is no specific labelling requirement on goods in general, but food labels have to contain product and brand names, production and expiry dates, country of origin, name of the manufacturer, net weight in metric units, and a list of ingredients and additives in descending order of proportion. All fats and oils used as ingredients must be specifically identified on the label. Labels should be in Arabic, or both Arabic and English.
The tie between the UAE and its fellow members of the GCC is strong. In November 1999, the GCC formed a customs union, which took effect from 1 January 2003. The accord establishes a single tariff of 5% for most goods imported from non-member countries. It also provides a list of other essential items that can be imported duty-free. Under the accord, goods imported into the GCC area can be freely transported subsequently throughout the region without paying additional tariffs.
Regional Trade Agreements
On the regional level, The UAE seeks to deepen mutually beneficial collaboration with Arab nations through the Greater Arab Free Trade Area Agreement (GAFTA). Under the GAFTA, which came into force on 1998, the UAE can enjoy free trade with Algeria, Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia and Yemen.
International Trade Agreements
As part of the GCC, the UAE has free trade agreements (FTAs) with Singapore, New Zealand and the European Free Trade Association (EFTA) of Switzerland, Norway, Iceland, and the Principality of Liechtenstein. Negotiations on the establishment of FTA with the EU, Japan, China, India, Pakistan, Turkey, Australia, Korea and the Group of Mercosur which include Brazil, Argentina, Uruguay and Paraguay are also on-going.
The UAE has concluded double taxation agreement (DTAs) with a number of countries/territories including China. On the heels of concluding a Comprehensive Double Taxation Agreement with Hong Kong in 2014, negotiation of an Investment Promotion and Protection Agreement (IPPA) was also concluded in 2016.
Hong Kong's Trade with UAE
The UAE is Hong Kong's largest export market in the Middle East. In the first seven months of 2017, Hong Kong's total exports to the UAE dropped by 8.8% YOY to US$3,633 million. Major export items included telecom equipment and parts (US$1,325 million, 36.5% of total, +28.6% YOY), pearls, precious and semi-precious stones (US$1,314 million, 36.2% of total, -28.4% YOY), engines and motors, non-electric, and parts (US$143 million, 3.9% of total, -10.3% YOY).
Hong Kong's imports from the UAE increased by 5.3% YOY to US$2,435 million in the same period. Major import items included jewellery (US$904 million, 37.1% of total, +20.4% YOY), pearls, precious and semi-precious stones (US$889 million, 36.5% of total, -10.1% YOY), telecom equipment and parts (US$219 million, 9% of total, +7.5% YOY).
The UAE’s Involvement in Hong Kong’s Economy
According to the Census & Statistics Department of Hong Kong, there were 22 UAE local companies with a presence in Hong Kong as of June 2016. UAE companies in Hong Kong include the National Bank of Abu Dhabi (NBAD), Mashreq Bank, and Emirates Airlines.
More information on the Belt and Road countries’ economic and investment environment, tax and other subjects that are important in considering investment and doing business are available in The Belt and Road Initiative: Country Business Guides.
Related information: UAE infographics
 The UAE consists of seven emirates, namely Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Fujairah, Umm al-Qaiwain and Ajman.
 Gulf Cooperation Council (GCC) comprises of six Middle Eastern countries - Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman.
 Since offshore trade has not been recorded by ordinary trade figures, these numbers do not necessarily reflect the export business managed by Hong Kong companies.


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Woman summonsed in Oxford puppy theft
Julie Rogers charged with theft by unauthorized taking
A Bowdoin woman has been charged with stealing an 8-week-old puppy from an Oxford pet store.
Oxford police issued a summons to Julie Rogers, 44, for theft by unauthorized taking.
Officials say Rogers stole the puppy from Mainely Puppies on Saturday afternoon.
Surveillance video the store allegedly shows Rogers reaching in a cage and taking the puppy, which is a cocker spaniel/poodle mix.
The puppy was located and returned to the store on Monday.
The surveillance video was shared across social media, and police say it helped them identify Rogers.

domain: news


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Drugs.com, an online resource for information about prescription medication and related health issues, has announced the launch of a new online tool that is expected to help consumers monitor and manage their own medications, to help reduce dangerous side effects and avoid unwanted drug interactions.
MedNotes, a free, online personal medication record system, allows consumers to create individual medication lists for themselves and family members and receive relevant and breaking news, alerts and warnings about their medications and health conditions, the company said.
MedNotes can also be used to create printable personal health and medication records. Accessible directly at the drugs.com site, MedNotes is linked into Google Health's online health records system as a personalized drug safety management tool.
MedNotes is expected to enable users to add their medications to assemble relevant medical information in a easy to read personalized format; gain access to in-depth consumer information, drug comparisons, historical news, FDA alerts, drug interactions, plus food, allergy and medical condition interactions; and lets users be notified when new FDA alerts are issued and when any new drugs become available for any of their existing medical conditions, the company added.
Established in 1957, BCS, The Chartered Institute for IT, promotes wider social and economic progress through the advancement of information...


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We’re pleased to announce the release of the Center for an Urban Future report, “Small Business Success: A blueprint for turning more of New York City’s small businesses into medium-sized and large businesses.” One of our principals, Mark Foggin, was the report’s lead author.
Over the last 13 years, the bulk of the growth in new businesses in New York has been in firms with fewer than five employees. But while a number of tech startups have experienced meteoric growth, the vast majority of small businesses in the city have never expand in a meaningful way. It’s not hard to fathom why most small businesses in the city stay small—if they survive at all. New York is one of the most expensive places to do business, and competition is fierce.
Yet, turning more of the city’s very small businesses into even modestly larger businesses is one of New York’s greatest opportunities for economic and employment growth in the next several years. If just one-third of the city’s 165,000 microbusinesses added one new employee, it would mean 55,000 additional jobs citywide.
The report provides case studies of small businesses who have succeeded in growing in recent years, as well as a blueprint of specific recommendations for what the de Blasio administration—as well as borough-wide economic development organizations, small business assistance groups and micro-enterprise organizations—could do to help more of the city’s small businesses grow to the next level.


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The Montana History Foundation and Fort Benton Museums is inviting people to bring fine art, rare and valuable treasures, historic objects, and interesting items to the Montana Antiques Appraisal Fair.
The event will be on for Saturday, September 22, at the Montana Agricultural Center in Fort Benton.
Appraisers Timothy Gordon, Grant Zahajko, and Allen Rodgers will provide verbal valuations. All three appraisers have appeared on the long-running PBS series “Antiques Roadshow.”
A press release states they have extensive knowledge and experience appraising a variety of items.
Suggested items to bring include paintings, textiles, rugs, ceramics, photographs, Western and Native Americana, sports memorabilia, militaria, dolls, or any other objects and oddities. No firearms please.
For $15 per item, people can bring up to three items per person (or six items per couple) to be appraised.
General admission for spectators is $5 at the door. You can buy appraisal tickets online here.
All proceeds from the event will benefit the History Foundation and the Fort Benton Museums.
The Montana Agricultural Center is located at 1205 20th Street.


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A company founded by ex-Apple CEO John Sculley has launched a set of low-cost yet stylish smartphones aimed for emerging wireless markets in Asia, Africa and the Middle East.
The Obi Worldphone SF1 and SJ1.5 models both start at under $199 but offer capabilities found in more expensive smartphones.
The phones use a customized interface, called Obi Lifespeed, which runs on the Android operating system, version Lollipop.
With these phones, Obi wants to reach the billion or so users who market analyst firm Creative Strategies predicts will upgrade in the next three years from low-end smartphones to ones with greater functionality.
The new phones will be available in October. The company is focusing its marketing efforts on companies with rapidly growing youth populations, including Vietnam, Indonesia, Thailand, Saudi Arabia, Kenya, Nigeria, South Africa, Pakistan and India.
The SF1 portable telephone is able to run on 4G/LTE networks and runs on a Qualcomm Snapdragon 615 processor.
For a budget phone, the SF1 comes with some surprisingly sophisticated multimedia features: The 13-megapixel camera has advanced auto-focusing technology, and sound is provided by Dolby Audio.
The device has a 5-inch (12.7-centimeter) display made of the durable Corning Gorilla Glass, a fiberglass body and a dual SIM slot, which would allow the phone to be run on GSM networks. The Qualcomm quick charging technology can charge the phone is less than three hours.
Suggested retail price for the SF1 is $199, with 2GB of RAM and 16GB or storage. A version with 3GB of RAM and 32GB of memory costs $249.
Obi also has a phone for older 3G networks as well, the SJ1.5, which runs on a MediaTek MT6580 Quad-Core processor and has 16GB of internal storage. It also features a dual SIM slot, Corning Gorilla Glass and front and rear cameras.
The SJ1.5 will cost $129.
Both phones will come with built-in security software from AVG and Google. They will come with pre-installed copies of the Swiftkey predictive typing app, the AccuWeather weather app, Clean Master cache clearing software, and ColorNote notepad. Additional apps can be downloaded from the Google Play store.
Based in San Francisco, Obi Worldphone aims to bring low-cost, stylish smartphones to countries with new 3G or 4G/LTE wireless networks. The company, originally called Obi Mobiles, first focused selling budget phones in the Indian market, with limited success. The company has since partnered with San Francisco design firm Ammunition to spruce up the interface.


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AGRINURTURE, Inc. (ANI) has lowered the number of shares to be offered in its stock rights offering.
The listed company said in a regulatory filing on Monday that its board of directors, on Aug. 19, reduced the number of shares to be offered to 288,000,027, down from 307,309,635 previously.
“The change is due to the re-computation of the number of shares which are eligible to participate in the stock rights offering,” ANI said.
The company also disclosed that its board “confirmed the authority to conduct a stock rights offering of common shares to all eligible shareholders of the company at [an] offer price of P1 per share.”
An existing shareholder owning 2.5 shares will be entitled to one stock rights share.
ANI said the rights issue “is intended to provide additional working capital to support the growth and strategic initiatives of the corporation’s core businesses.” The company’s management will finalize the specific allocation of the proceeds for review and approval of the board, it said.
For the first half of the year, ANI’s net profit declined to P122.07 million from P356.99 million it had in 2020. In contrast, the company’s net revenue increased 29% to P2.31 billion.
Based on its website, ANI is an agro-commercial firm that has business interests in the export and trading of organic products such as vegetables, fruits, and grains.
On Monday, shares of ANI at the stock exchange dropped 0.33% or two centavos to close at P6.03 per share. — Revin Mikhael D. Ochave


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Dirty Dining: Beijing Noodle Cafe
Las Vegas, NV (KTNV) -- There's something the restaurant featured on this week's Dirty Dining doesn't want you to know.Photo: Video by ktnv.com
Las Vegas, NV (KTNV) -- There's something the restaurant featured on this week's Dirty Dining doesn't want you to know.
It's what grade they got from the Health District.
Contact 13 Chief Investigator Darcy Spears knows the grade and the reasons why they got it.
No one likes to get a "C." Especially when that's the worst grade you can get from the Southern Nevada Health District.
It means there's a lot wrong at your restaurant. And folks who see that "C" might choose to eat somewhere else.
Perhaps that's why Beijing Noodle Cafe on Sandhill and Flamingo kept their grade hidden from customers. Contact 13 caught them in the act.
Darcy: You're required to display that for the public. The public needs to know that you have a "C" grade right now.
They were actually trying to fool people into believing they have an "A" by displaying old, outdated grade cards. The one in the front window is from June of 2011. The one inside from September 6 of this year.
We just happened to spot the current grade card, although you can't see that it's a "C." Restaurants are required to post those grade cards conspicuously. It even says so on the card itself. But theirs was in a place that hardly qualifies as conspicuous.
Darcy: Can you tell me why you have an A grade up there from September, and that C grade was hidden behind that wooden boat?
The manager didn't want to talk on camera about their 32-demerit "C" grade.
She says health inspectors came during a particularly hectic lunch rush, and they simply didn't have time to do everything right.
Darcy: They wrote you up for employees not washing their hands properly, for a bunch of food being at room temperature, which is not safe.
Beef, sprouts, cut tomato and fried rice were all in the temperature danger zone. And the person in charge wasn't knowledgeable about proper food temperatures.
Raw eggs were stored next to cut vegetables and raw beef and chicken were stored over ready to eat food and sauces, which health inspectors see as a recipe for disaster because of the potential for cross-contamination.
They were using Styrofoam containers for spices that were dirty with food build-up. And food containers were not properly dated and labeled.
Crispy noodles were kept in a cut water jug, cardboard pieces were being used for food contact, and the shelving was dirty with spill build-up.
Though the manger wouldn't do an on-camera interview, she did take us around the kitchen to show us how they moved the meat and vegetables away from each other, and even added another small fridge for the eggs.
No more Styrofoam and cardboard. Everything's in an approved food container now.
We asked about a strange set-up we found on the kitchen floor--food in a bucket being held down by jugs. She says it's sour cabbage, also called kim chee, and it's just for the employees.
We also saw that there are labels now, although they don't stay on very well. And they don't say what the food is.
She says they've cleaned the shelves and the rest of the kitchen, but have to wait until after the holiday weekend for an inspector to be available to come back out.


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Shares of financial technology-specialist Square (SQ -4.25%), streaming-TV company Netflix (NFLX 1.56%), and visual search and media platform Pinterest (PINS -0.99%) were all hit hard on Thursday. The three stocks ended the day down 2.4%, 3.5%, and 2%, respectively. But shares of these companies were all down about 5% at their worst points during the trading day.
The three stocks' declines reflect broader market bearishness toward growth stocks. This has been an overarching theme in the market since mid-February, with growth stocks getting hit particularly hard during the last few trading days.
Since Feb. 15, shares of Netflix, Pinterest, and Square are all down 9%, 19%, and 23%, respectively. This compares to only a 0.6% decline for the S&P 500. With all three of these companies squarely fitting the definition of a growth stock, it's not surprising to see them getting hammered along with most other stocks in the same category.
Of course, growth stocks may have been overdue for a breather. They had a huge run-up in 2020. For instance, Square, Netflix, and Pinterest stocks soared 248%, 254%, and 67%, respectively, in 2020. This compares to a 16% gain for the S&P 500.
Investors shouldn't worry too much about these stock-price movements. It's important to remember that stocks are more attractive investments at lower prices than they are at higher prices, assuming everything else about a business' long-term prospects is unchanged -- and for Netflix, Pinterest, and Square, this seems to be the case.
All three of these companies are firing on all cylinders as the economy reopens. Consider their fourth-quarter results. Square's fourth-quarter revenue increased 23% year over year when excluding Bitcoin revenue. Its gross profit surged 54% year over year to $804 million.
Netflix's fourth-quarter revenue increased 21.5% year over year as streaming members reached 204 million -- up from 167 million in the fourth quarter of 2019. Finally, Pinterest's fourth-quarter revenue skyrocketed 76% year over year as monthly active users jumped 37% year over year to 459 million.
Looking ahead, analysts expect more strong double-digit top-line growth from all three of these companies in 2021. Even more, analysts are modeling for outsized earnings growth over the next five years as the three companies' scalable business models benefit from significant operating leverage.
While all three of these stocks weren't cheap before they began selling off, it's important to note that their business models, competitive positioning, growth trajectories, and long-term earnings potential justify premium valuations.
Investors may want to look closer at stocks like these to see if this recent sell-off represents a potential buying opportunity.


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SNK's Samurai Shodown V Special is a fun fighter that's definitely worth checking out on PS4 or PS Vita if you're a hardcore fan of over the top fighting games.
Samurai Shodown V Special will release tommorrow, September 12, on PS4 and PS Vita, and feature an art gallery, online mulitplayer, trophy support, and more.
Pick-up some of your favorite games by SNK this week on Steam.
The King of Fighters XIV director, Yasuyuki Oda, confirmed that SNK has many new fighting games in development.
King of Fighters fan favorite Mai is set to receive her own figurine from Amakuni.
SNK and Code Mystics have teamed up to bring Samurai Shodown V Special to PS4 and PS Vita without the censorship and bugs that the previous versions suffered from.
Today, developer and publisher SNK officially announced that The King of Fighters XIV is hitting PC via Steam on June 15th.
Today, developer and publisher SNK officially announced that The King of Fighters XIV is coming to PC to via Steam.
SNK's Garou: Mark of the Wolves will be making its way to the Nintendo Switch on May 11 as part of the ACA NeoGeo series.
The King of Fighters XIV flaunts its new DLC costumes in a new trailer.
The King of Fighters XIV is getting a major update tomorrow, including two new stages.
SNK released a new video for The King of Fighters XIV today featuring gameplay from upcoming DLC character Rock Howard.
Flashy boxer DLC character Vanessa takes center stage in new The King of Fighters XIV video.
SNK took to YouTube today and released a video showcasing gameplay with The King of Fighter XIV's upcoming DLC character Ryuji Yamazaki.
Vanessa announced by Atlus USA and SNK as a new fighter in The King of Fighters XIV.
Check out Whip as she whips Ralf in a new The King of Fighters XIV gameplay trailer.
SNK announced today that Ryuji Yamazaki will be the next DLC character for The King of Fighters XIV.
SNK revealed today that Whip will be the first DLC character for The King of Fighters XIV. She will be added to the game on April 5 for $5.99.
PS4 got more free themes today, featuring Tales of Berseria and Fu'un Super Combo.
Today SNK released a new trailer of The King of Fighters XIV, giving a glimpse on upcoming content.


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Retail Seeks to Redefine Itself
Retailers and their suppliers need to find new ways to deliver value and unique services to consumers.
GT Nexus Resources
The Current and Future State of Digital Supply Chain Transformation
Executives see a large gap between the current state of digital transformation across their extended global value chains and what they expect to see in just five years from now.
- End-to-End Visibility: Handling the Demands of Retail
- Mastering Supply Chain Finance
- The Internet of Things Supply Chain
- US Election Business Outlook: Retail Cause for Concern around…
- All Resources
At GT Nexus, we built a company around a simple but very powerful idea: put a single cloud-based collaboration platform at the center of a huge but enormously inefficient industry - global trade and logistics - and give companies a rapid, low-cost way to enable hundreds of inter-company supply chain…
- Company Quicklook
The warning signals have been coming for quite some time.
They appear to be getting louder by the day.
Disruption in the retail space has sparked discussions of the death of brick-and-mortar and the extent of Amazon's world dominance.
We've been hearing about it for years, but traditional retail hasn't collapsed.
The physical store has held its own and, with some wind in its sails, consumer spending picked up this holiday season and delivered a 4% increase.
That's what makes the stream of post holiday headlines so painful.
The list goes on. Despite a strong holiday season, retailers are being forced to make difficult moves, closing stores and eliminating headcount.
Why? While sales increased, much of that growth was online.
E-commerce spending jumped 19% during the holidays, compared with an overall 4% increase in retail spending, according to Mastercard SpendingPulse.
The Wall Street Journal reported that, by some measures, online sales expanded at nearly five times the pace of overall retail sales. Amazon and e-commerce are major pressures impacting retailers, but certainly not the only ones.
The line between brands and retailers continues to blur as more and more brands open their own retail stores and e-commerce offerings.
Macy's CFO Karen Hoguet insists that physical stores will continue to be crucial to retailers.
"The big thing we're focusing on is what should our stores look like going forward?" She goes on to explain that, "Research tells us that customers are visiting stores, and then buying online."
This is no surprise. Showrooming has only become more prominent. The problem is retailers haven't figured out the formula for juggling e-commerce and physical stores. Just because customers are entering your store and buying online, it doesn't mean they're buying from you.
Retailers know they have to change quickly. The transformation won't be easy. The question that remains to be answered is, "transformation to what?" Where does retail go from here to fend off pressures that appear to be boxing it in from multiple sides?
RSR's Steve Rowan wrote a year-end look back that hits on an interesting point.
"Right now at least," Rowan writes, "people want to spend, they want to feel important, and they really, really want to feel like they are living a life less ordinary." He was talking about the emphasis being placed these days on unique experience.
Consumers are seeking something different. A new, extraordinary experience that is both memorable and indulgent. Rowan points out:
"Every place I visited this year that has anything to do with tapping into people's desires to break from the routine and live a little 'bigger' had a much-better-than-usual holiday season. REI? On Fire. Patagonia? Set a single day sales records back in November with its pledge to donate 100% of Black Friday sales to earth-friendly causes. How big, you ask? $10 million in one day."
What does this mean for retailers and their suppliers? They have to find new ways to deliver value and unique services to consumers.
They have to find new ways to innovate and touch consumers, in ways that e-commerce alone cannot. It's hard to make a customer feel special in an e-commerce purchase, but the physical store can open the door to experiences that engage the senses and make the consumer feel unique, pampered or important.
The transformation that retailers are seeking has to involve agile business models founded on digital processes, networked technology and a customer-centric strategy – one that shifts the emphasis away from being strictly product centric to one that also delivers new types of services, experiences and points of engagement with the consumer.


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Much of November was dreadful for investors, but major market benchmarks moved up on Friday and actually ended the month in the green. The Dow Jones Industrial Average (^DJI 0.46%) was up 1.7% in November and the S&P 500 (^GSPC 0.68%) added 1.8%.
Today's stock market
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Another drop in oil prices lifted transportation stocks but hurt energy shares. The SPDR S&P Transportation ETF (XTN -0.13%) gained 1.7% and the SPDR S&P Oil & Gas Equipment & Services ETF (XES -0.04%) fell 2.8%.
As for individual stocks, Workday (WDAY 2.83%) jumped after reporting strong growth and GameStop (GME -5.07%) gave a weak outlook.
Workday reports an excellent quarter
Workday reported accelerated revenue growth in its fiscal third quarter, and shares soared 12.9%. Revenue increased 33.8% to $743.2 million and subscription revenue soared 34.7% to $624.4 million, which beat its guidance for 31% to 32% growth, as well as the 30.2% growth it achieved in the second quarter.
The company reported a GAAP loss per share of $0.70 compared with a loss of $0.41 in the period a year ago. On an adjusted basis, EPS was $0.24, above the $0.14 analysts were expecting.
Workday noted that some deals were pulled up from Q4 into Q3, but still gave very upbeat guidance for next quarter, saying on the conference call that it expects subscription revenue growth of between 35% and 36%. Workday's expansion from human resources software to financial applications is fueling the accelerated growth, as is its recent acquisition of Adaptive Insights.
GameStop dashes hopes for strong holiday sales
Shares of GameStop tumbled 6.6% after the company reported third-quarter results that beat analyst expectations, but followed that with lower profit guidance for the year. Net sales increased 4.8%, or 6.3% in constant currency, to $2.08 billion, ahead of the $2.03 billion analysts were expecting. Excluding a one-time impairment charge, earnings per share climbed 24% to $0.67, compared with the $0.57 analyst consensus estimate.
Despite reporting a good third quarter, CEO Rob Lloyd threw cold water on expectations for the all-important holiday season, saying in the press release, "While our Black Friday and Cyber Monday sales were strong, we anticipate that our fourth quarter sales will skew more toward hardware than initially planned which, along with underperformance of certain titles, weakness in pre-owned and recent sales promotions, will result in fourth quarter earnings that are below our previous expectations."
GameStop, struggling against industry headwinds, forecast full-year EPS of $2.55-$2.75, well below guidance of $3.00-$3.35 given three months ago.


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DMC 02 Virtual Launch
6:30pm on 15/10/2020
A trailblazing new digital business hub has opened its doors in Barnsley offering premium office space and state-of-the-art facilities.
Sadly, we can’t have you with us to host an event to offically open this great new space, however, we want you to sit down and watch our virtual opening with us on Thursday 15th October.
We’ll provide a tour of the building, exploring the work space, Maker Lab and co-working spaces. As well, we’ll be hosting a short panel discussion about why this is such a positive step for Barnsley as well as discussing why smaller places matter in a digital economy.
The DMC 02 building provides eight new offices covering a total of 12,094 sq ft, plus a stunning atrium, co-working space and a ‘maker lab’ for hands-on tech innovation and collaborative working. Its £1.7 million refurbishment has been backed by Sheffield City Region and it is set to support the creation of 100 new jobs
Situated in The Seam, Barnsley’s new digital business campus, DMC 02 aims to attract local tech businesses looking to up-scale their enterprises; and businesses from across the UK and Europe looking to move in to a high-spec building in a great location between Manchester, Sheffield and Leeds.
DMC 02 builds on the success of DMC 01, also owned and managed by Barnsley Council, which has gained a national reputation for tech business innovation over the last ten years, and seen a significant increase in occupancy levels in the last three.
This growth at DMC 01 prompted the council to acquire the nearby ‘Core’ building in spring last year and, with the support of investment from Sheffield City Region, transform its interior into a new landmark DMC 02 digital business hub.
We’d love for you to join us to watch the video and by signing up to the event, you’ll recieve information on how and where to watch as well as reminders and furth information.
Do Make Create


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McLaren CEO Zak Brown believes that Formula 1 fans should get a greater say on the sport's new rules and regulations in an effort to generate some fresh ideas for the future of F1.
The sport is facing major changes to the way it works from 2021 onwards. However ongoing discussions between teams, tyre providers Pirelli, the FIA governing body, and commercial rights holders Liberty Media have recently got bogged down in details.
The rules were meant to be agreed in June, but the sign-off has been pushed back to October. In the meantime, Liberty has invited drivers including Lewis Hamilton to make their own contribution to the process.
Now Brown says that the extra time should also be used to solicit the views of fans of the sport on aspects of the current proposals.
“I’d like to see fans involved,” he told Motorsport Week. "I think we need to pay more attention. I think it’s great that the drivers are more involved, and I’d like to see more fan counsel.
“One of the things that Formula 1 has done is they’ve done a lot more consumer research," he continued. "I think we need to pay more attention to that consumer research.
"Any consumer products company would go out to the market place and find out what their customer wants," he argued. "[It] would design that new product around what the consumer wants.
“You wouldn’t have ten guys sitting back, tasting their own food, saying ‘This is what I like’ [when] the consumer research says something different."
Brown said that it was all too easy for a small group talking about the same subject for weeks on end getting sent in entirely the wrong direction.
“You end up having in these meetings - ten, 20 people that have a long history in the sport - so we all have our views," he explained. "But I’m not sure we’re the target customer for the future of Formula 1.
"We need to listen to the fans and react to the fans more," he insisted. "When you get into things like qualifying, and we talk about the purity of qualifying ... Well, says who?
"If the new fans want to see qualifying in a different format, isn’t it the new fans who we’re trying to attract?" he asked. "Maybe we should try something new.
"[But] I don’t think they’re going to hear anything new from the teams at the next Strategy Group meeting, or the following Strategy Group meeting, that they haven’t heard for the last 12 months."
Without the injection of fresh ideas and energy from fans, Brown fears that the process risks continuing to run around in circles, getting nowhere.
“It seems like we revisit the same issues that the various teams have. At this point, Formula 1 and the FIA just need to make the decision and get on with it," he said, adding it was time to "get the show on the road".
Gallery: The beautiful wives and girlfriends of F1 drivers
Keep up to date with all the F1 news via Facebook and Twitter


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Search Restaurant Business
How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance
After a rare decline in same-store sales a year ago, the company started advertising and quickly recovered.
The once-promising pizza chain has closed stores and refranchised to stem the damage.
Investors didn't like the chain's unit growth outlook, as high wing prices last year slowed some development.
In the recent Harris Poll reputation survey, the chain came in last among restaurants rated, says RB's The Bottom Line.
Happy with slower growth, the fast-casual chain is going on offense, with zucchini noodles and takeout.
Brazil is a polyglot nation,” stated Jessica Harris, director of New Orleans’ Institute for the Study of Culinary Cultures at Dillard University, at the CIA’s 2009 Worlds of Flavor Conference. “Adaptiveness and creativity are its hallmarks.”
Nothing says summer like a tall, cold glass of freshly squeezed lemonade or brewed iced tea. But there are plenty of other ways to stir up these hot-weather favorites.
When Zagat surveyors were asked what irritates them most when dining out, noise came in second only to bad service.
Hopheads are turning to beer's new dark side.
“Vulture investing” can be a profitable path to growth. With bankruptcy filings occurring at a steady clip, one company’s distress is another’s opportunity.


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In this article: Motorcycles could be the answer to our changing mobility needs, but where are the clean and efficient electric bikes that can whizz us through town?
When you think of a motorcycle, what springs to mind may well be a Harley- Davidson – a big, V-twin-engined beast made for tearing through vast expanses of American wasteland. Or maybe you picture a Vespa zipping through the streets of a European city, its horn blaring and two-stroke engine chugging away as it weaves in and out of traffic.
These are the classic images of motorcycling, but things are definitely changing. A statement at last year’s ACEM conference on the European motorcycle industry declared: “Technology is changing faster than policy. If the motorcycle industry is to become an urban solution, future vehicles must not just be low-emissions, but zero-emissions.”
So the motorcycle industry recognises the challenges ahead. Manufacturers see that they need to move away from the leisure industry and focus instead on basic transport needs if they hope to win greater acceptance as part of governments’ transport strategies.
However, the industry seems to be off the pace. Passenger vehicles are already firmly on the road to alternative fuels, but where are the motorcycle equivalents? Strangely, the push is coming from the last place you’d expect.
Born to be wired
Back in 1903, when a small wooden shed in Milwaukee, Wisconsin became the birthplace of iconic motorcycle brand Harley-Davidson, a bike for basic transport needs seemed an impossible dream. But for William Harley and brothers Arthur and Walter Davidson, it was a dream worth pursuing.
More than 100 years on, Harley-Davidson is famous for its large-capacity, air-cooled V-twin internal combustion engines. However, these engines power machines that are primarily used for leisure rather than for getting the masses from A to B.
In an effort to turn that around, and with sales of the premium product floundering in the US and worldwide, Harley-Davidson has hit the headlines recently by launching an electric motorcycle called the LiveWire. It may bear that all-important family name, but it has next to nothing in common with the historic line of which it is the latest progeny.
Of course, other electric bikes are already on the market – mainly small scooter-type machines and larger bikes from new manufacturers such as American brand Zero. The LiveWire, by contrast, is the first proper electric motorcycle to be produced by an established manufacturer. It’s a return to those early pioneering ways for Harley-Davidson.
The specifications read like something you’d expect to find in an electronics store. This bike is clearly aimed at a younger, more tech-savvy audience than Harley- Davidson’s traditional buyer. A full charge takes an hour, and 40 minutes plugged in to a fast charger will get you to 80% capacity. The range is listed as 146 miles in town and 70 miles on the open road.
Harley-Davidson has gone the whole hog too, with plans to set up 250 dealers worldwide with specialist technicians and 24kW charging stations. Twelve of these dealers will be in the UK.
The newly released LiveWire will set you back £28,995 in the UK, making it more expensive than many of the traditional air-cooled V-twin models. That’s a big price tag, but Harley-Davidson has always been a premium product. The question is this: where are the other major manufacturers with more realistically priced electric motorbikes that can be used as basic transport?
Coming to a dealer near you?
Major manufacturers such as BMW have exhibited concept bikes such as the Vision DC Roadster, but the German giant has only produced electric scooters to date. Yamaha has produced plenty of small electric two-wheelers, and other firms have released prototypes or registered patents for electric bikes, including Kawasaki.
However, The Japan News recently reported that the Big Four – Honda, Suzuki, Kawasaki and Yamaha – are now in talks to agree a common unified standard for charging stations and batteries, enabling them to be shared between brands. If successful, that would eliminate a significant barrier to the take-up of electric bikes.
Taiwanese manufacturer Kymco has been promoting removable and replaceable batteries for some time and is now championing its Noodoe
system in its home market. Basically, Noodoe is a cloud-based electric vehicle charging point. Just like a conventional petrol pump, you plug in, charge your battery and then pay by card.
So it seems that the manufacturers are looking to the future and considering ways to make electric bikes more appealing to accelerate the very slow take-up.
On the limit
The Isle of Man Zero TT event has already demonstrated that electric motors are capable of propelling bikes to more than 150mph and can look quite conventional. However, range is still a big issue outside towns and cities – as is the cost of the battery packs.
The infrastructure is going to be the major stumbling block in the promotion of electric vehicles, no matter how many wheels they have. What’s more, that infrastructure is currently beyond the industry’s control.
Convincing existing riders to abandon the familiar noise and feel of petrol engines is going to be even harder, particularly bearing in mind that diesel bikes failed to inspire much interest. The age demographic for motorcycling in general is a worrying factor too. It is the older generation that can afford the current high prices, but these silver riders will be more entrenched in their preferences.
That said, Harley-Davidson has demonstrated that electric bikes are now here – in all sizes. It’s now just a question of making them cheaper, increasing their range and expanding the infrastructure to make them attractive to new riders. It may be the only way that motorcycling can survive as a mass transport solution – which, after all, is how it started.


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GOLDEN VALLEY, Minn. (FOX 9) - Supply chain struggles are forcing General Mills to get creative when it comes to recipes.
During a conference call as the Twin Cities snack and cereal maker released its quarterly earnings, company leaders admitted they've faced the strain of supply chain, as the war in Ukraine creates a new set of supply chain issues.
In February, ahead of the earnings report, General Mills said it was facing supply chain shortages that were affecting its refrigerated dough, pizza, and hot snacks products.,
Speaking Wednesday, Jon Nudi, the head of General Mills' U.S. retail and sales, explained the company was taking steps to combat the shortages.
"At the senior level, we're getting on the phone with suppliers at senior levels to make sure that we're being prioritized for ingredients," said Hudi. "We've adjusted formulations and, some of our products, we've reformulated over 20 times, year-to-date. Every time you make an ingredient change, you have to change the formulation, which is obviously a lot of work."
While the company seems confident they will continue to maintain supply, in filings they admit they face risks from inflation due to global product shortages.


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Sprint Lures AT&T's IPad Users With Portable Wi-Fi Hotspots
Touting the unlimited data on its portable Wi-Fi devices -- AT&T stopped offering unlimited plans in June -- Sprint has been luring iPad owners to its network. Sprint’s palm-sized Overdrive 3G/4G hotspot device allows users to connect to the lower-priced Wi-Fi-only iPad from anywhere the carrier has coverage.
Portland, Oregon-resident Rob Morgan said he’s been using his Overdrive to connect his and his wife’s iPads without fear of exceeding data limits. “We can use the Overdrive without worrying, which is great,” Morgan, 66, said in an interview. “And we can use it while driving, it’s just very convenient.”
The portable Wi-Fi devices give Sprint, as well as Verizon Wireless, a chance to tap into a market otherwise closed to them through Apple’s exclusive contract with AT&T, which has connected 500,000 iPads to its network out of 3.3 million sold. Apple and AT&T have declined to say when their contract ends.
“IPads obviously are devices that are very popular; it’s in our best interest to market our products that work with those,” said Cristi Allen, a Sprint spokeswoman. She said Sprint’s efforts to attract iPad owners has been “a big success,” though she declined to give sales figures.
In June, AT&T stopped offering $29.99 unlimited data plans on the iPad in favor of tiered pricing starting at $25 for 2 gigabytes of data per month, with additional gigabytes of data available for $10 each per month. The Overdrive offers unlimited data for $59.99 per month.
A user streaming an average of one 30-minute television show and 30 minutes of music per day would exceed their 2 gigabyte limit by month’s end, according to AT&T’s website. That doesn’t include any e-mails sent or received or additional Internet browsing.
Sprint Chief Executive Officer Dan Hesse has said the Overland Park, Kansas-based carrier has no plans to end unlimited data plans, while Verizon Wireless said it will introduce data caps in as soon as four months.
Brenda Raney, a Verizon Wireless spokeswoman, said the carrier’s $59.99-per-month MiFi can also connect iPad users to its network though the Basking Ridge, New Jersey-based company hasn’t promoted that feature. “Once customers leave the store, they can do anything they want with it,” she said.
Morgan said he’s found the Overdrive to deliver 3G speeds where other carriers don’t reach, such as on 11,300-foot Mount Hood in Oregon. “I was able to check my e-mail all the way up there, pretty cool,” said Morgan, who runs Barefeats.com, an Apple enthusiast website.
The Overdrive costs $99 and the MiFi can be free, after rebates, according the companies’ websites. That compares with a $130 premium for iPads that can connect directly to AT&T’s network.
In April, Sprint offered through Best Buy Co. a free iPad case featuring an Overdrive-sized pocket to customers who coupled the Wi-Fi hotspot with the tablet, said Allen. “We completely sold out,” she said.
Sprint rose 1 cent to $4.60 at 4 p.m. in New York Stock Exchange composite trading. AT&T, based in Dallas, rose 5 cents to $28.92. Cupertino, California-based Apple fell $4.30, or 1.5 percent, to $286.86.
To contact the editor responsible for this story: Peter Elstrom at email@example.com


text: by: Maria Pospelova Tanishq is arguably one of the most popular jewellery designers in India, whose designs sets it apart from the competition. Tanishq has a reputation for its fine craftsmanship, and currently operates over 150 retail spots spreaded across 86 Indian cities. In the past Tanishq participated in eye-catching promotional campaigns. One of them saw the brand collaborate with Abbas-Mustan’s Bollywood action thriller, Race 2. Beautiful female leads were spotted wearing Tanishq’s pieces throughout the movie; however, this year’s bridal campaign has caused a record amount of discussion. In the new video campaign, created by Lowe Lintas, the character is an elegant bride-to-be who is in the process of ceremony preparation. While watching the campaign, one can easily recognize that it is possibly not the first marriage for the bride, as the young girl playing the daughter appears in the picture. Due to high regard of traditions and customs in India, divorcing and remarrying is a highly controversial topic, and such acts are frowned upon. Tanishq’s ad that publicly recognizes such an event is helping to break stereotypes and goes beyond established advertising boundaries. “Since the designs are the new age, we decided to go with more contemporary trends. And that is why we decided to show the concept of remarriage and how society has opened up to it.”-, shared the National Creative Director of Lowe Lintas, Arun Iyer. Observing the positive response received from the users of social media platforms, it seems that the public has embraced the concept. To view the ad, as well as to get a quick peek of Tanishq’s new collection, enjoy the video below.


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After Apple ordered between 70 and 80 million units of the iPhone 6 and 6 Plus units last year, the company is getting ready to break a new record of producing 90 million models of the iPhone 6sthis year .
As the Wall Street Journal reports (via MacRumors), to produce between 85 and 90 million smartphones by the end of Apple’s suppliers. These figures include both the iPhone and the iPhone 6s 6s Plus. For comparison: last year, Apple had ordered 70 to 80 million iPhone 6 models.
The screen sizes are to comply with the current models with 4.7-or 5.5-inch panel. The exterior is – as known from the S models for years – remain largely the same.
The changes are primarily to be found inside. As previously reported on several occasions, the iPhone will now be equipped with a Force-touch display, which can distinguish between a mild and firm finger pressure. However, the resolution of the display should not be changed.
Apple could, according to the Wall Street Journal further new housing color – possibly Pink – imagine that in addition to silver, gold and Spacegrau should add to this model range itself.
The WSJ received the figures, which can be customized by Apple, depending on the current demand at any time from supplier circles. The producers should as early as last year Foxconn and Pegatron are. To meet demand, Apple is now also attract Wistron as the third manufacturer into consideration. The Taiwan-based company had already made the iPhone 5c in the past after Pegatron was commissioned with the production of the iPhone 6.
Should Wistron test production successfully made, this would be the first time that Apple three suppliers for the latest-generation iPhone employs. So there is once again the hope that the waiting times for the iPhone and iPhone 6s 6s Plus will turn out exceptionally shorter this year.


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LOS ANGELES — Lisa Tiffian is starring in new DVD titles and online releases.
The performer appears in a pair of Jules Jordan titles; “Racially Motivated 6” and “Black Heat 3.”
Tiffian is also in Elegant Angel’s “Big Black Wet Assess 14” set for an Oct. 12 release.
A new erotic photo set along with a recorded live sex show is also available on her website. Her new studio release, “Swallow Fest” focuses on swallowing cum multiple times.
For the second year, Tiffian will be featured on Kink.com's Everything Butt website receiving extreme anal fisting from dom Ariel X.


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Recently there has been a lot of progress when it comes to body image in the fashion industry. If you are familiar with the body positive movement, you may have heard of Charli Howard and Clementine Desseaux. UK-based model, Charli rebelled against her agency and the rest of the narrow minded industry, after they told her to lose weight. Her story went viral and now she is known as the women who is not afraid to go against the status quo. She has launched a campaign to show the world that women come in all different shapes and color and that they are able to exist together.
Read full article here.


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WASHINGTON, D.C. – August 2, 2022 – The House Railroads Subcommittee today introduced the “Freight Rail Shipping Fair Market Act,” an untenable bill that could further exacerbate current supply chain and service challenges and that threatens the long-term viability of the nation’s freight rail system.
“This imprudent proposal turns the clock back more than 40 years and reinstates an unbalanced regulatory framework that replaces free-market principles with unjustified government mandates,” said AAR President and CEO Ian Jefferies. “Since the industry was partially de-regulated in 1980, freight railroads have invested nearly $760 billion to improve the safety, competitiveness and sustainability of their operations. Their ability to continue this level of spending is critical to meeting today’s and tomorrow’s freight demands. Safe, reliable, cost-effective and fuel-efficient freight rail transportation is essential to our future. Overreaching re-regulation will take us backward and won’t do a thing to solve current service challenges and supply chain problems.”
In testimony before the House T&I Rail Subcommittee this past May, STB Chairman Oberman agreed. He explained that expanding the Board’s oversight would not help with the labor and supply chain challenges freight railroads are working to solve and noted that “the Board can use its existing authority to mitigate those problems in a meaningful way.”
Jefferies noted, “Today’s STB is exercising its oversight authority vigorously. Almost half of the proposed bill is already the subject of ongoing Board proceedings. Congress should learn from lessons of the past: more government control does not result in better railroads. By virtue of today’s balanced regulatory framework, America’s freight railroads are, by virtually any measure, the best national freight rail system in the world. Now more than ever, we need that best-in-class system, and it is not the time for railroads to be hamstrung by excessive regulation.”
For more information, contact: AAR Media Relations at [email protected] or 202-639-2345.
About AAR: The Association of American Railroads (AAR) is the world’s leading railroad policy, research and technology organization focusing on the safety and productivity of rail carriers. AAR members include the major freight railroads of the U.S., Canada and Mexico, as well as Amtrak. Learn more at www.aar.org.
Follow Us: Twitter / Facebook / LinkedIn / Signal Newsletter


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This week’s big news is of course that HiViz Safety was one business of 100 from around the country invited to represent the UK’s 5.4 million small businesses at a special event at The Treasury on Friday 4th December to mark the UK’s third Small Business Saturday the following day. HiViz Jack and two of his colleagues joined other business owners at a special Christmas Fair at The Treasury’s Internal Drum attended by the Chancellor of the Exchequer, George Osborne.
Small Business Saturday, a grassroots, not-for-profit campaign, places small, independent businesses in communities across the country in the national spotlight. Its aim is to prompt people not only to spend money with small independent businesses in the run-up to Christmas but also to create a mind-set to support them all year round.
Small businesses around the UK planned events, promotions and other activities to attract clients and customers to them not only on December 5th but also beyond. During this year’s campaign, tens of thousands of small businesses around the UK have engaged with the campaign across various social media platforms; 30,000 have ordered marketing packs by post with posters to display on their premises, many more have downloaded them online. The campaign team has also completed a four-week nationwide bus tour to all regions in the UK to promote Small Business Saturday locally.
It was an amazing opportunity to exhibit our business in such stunning surroundings. Everyone we met was enthusiastic and supportive of HiViz Safety and we had the opportunity to promote our brand and our ideas to a large and influential audience.
The Chancellor, George Osborne, told us:
“Small Business Saturday is a great opportunity to champion some of the brilliant entrepreneurs and firms we have in this country and make sure everyone is aware of the powerful role they play.”
American Express was the founder of the campaign in the US and is the principal supporter of Small Business Saturday UK, as part of its on-going commitment to encourage consumers to shop small. The campaign also benefits from the backing of leading business organisations including the Federation of Small Businesses, which has a programme of supportive events planned across the country, as well as other corporate supporters including Vistaprint, TalkTalk Business, Indeed, Sage, PRS for Music and PPL.
More information on HiViz Safety can be found at www.hivizsafety.co.uk
Small Business Saturday can be found on the Small Business Saturday Facebook page (www.facebook.com/smallbusinesssaturdayuk) Twitter page (@SmallBizSatUk) and website (www.smallbusinesssaturdayuk.com).


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London’s new street festival Camden Inspire has revealed its schedule for two days in Camden Town. Starting from 11am on Friday, September 17th, Camden Open Air Gallery will be running a boozy improv art party, mend and repair clothes workshops, comedy across both days, a special pizza-filled screening of True Romance, and live painting throughout.
The event is free to attend with some events being paid for. Expect live street art, live music, Street Food Market, Camden Highline Exhibition, Creative Workshops and more running until 8pm.
Both days will also have music with NTS headlining on the Friday while Truce from Bone Soda tops the bill on Saturday. BPM Collective, Spiritual Bar Takeover, Shuttercones, Almass, J.OC & Ben-Dee, Fitz, Will Brock, Lindsay Wesecker, and Izza will also play over the two days.
Food traders will include Just Wing It, Pub Love, Maylay Fellas, Lost Boys Pizza, Think Coffee, Peccati Di Gola, Quinoa Arepa, and Werewolf Beers. On the retail and creative side, there will be social pottery experiences, Mexican groceries and handicrafts, hand-decorated clothing, homemade handbags, and upcycled clothing.
Speakers Corner will be hosting comedy with Erika Ehler and Mary O’Connell. Camden Open Air Gallery will be running kids workshops alongside its boozy event while Lost Boys Pizza will running film screenings.
Georgie Street, Head of Projects at Camden Town Unlimited says “We’re so excited to get Camden Inspire underway! The response from small businesses and creative performers has been amazing, with so many people eager to be involved in a celebratory event that hopefully marks the end of a difficult time. This is just the launch - we want to continue to grow the Camden Inspire brand, reaching more entrepreneurs and creatives, and giving them a platform to offer something special.”
Finn Brewster Doherty, Founder of Camden Open Air Gallery says “I can’t wait to see it all come together, Camden Town has been out of the news for too long, it’s great to businesses coming together to showcase Camden Town. I’m humbled that I’ve been offered such a platform to Launch Camden Open Air Gallery from. The repurposing of the high street is such an important topic and I hope that this year’s Camden Inspire paves the way for future events in the borough.”
For details go to camdeninspire.com.


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BioMar started the year with strong results, having met the challenges of coronavirus with a high-performance across all geographies. The company said that it has, at the same time, been supporting customers and building inventories to met any business impact caused by the coronavirus.
The 2020 Q1 report reflects that the company has met the challenging market conditions due to the coronavirus while ensuring business continuity by increased inventories of raw materials and finished products. The increase in revenue and earnings was mainly driven by the salmon and shrimp segments, by innovative product offerings, new capacity and close cooperation with customers designing advanced feed solutions targeting the consumer market.
“On one hand, we are very proud to have started the year in a good way setting all-time records for a Q1, but we are very conscious of the potential impact of the pandemic on our business and the industry. Being in the food value chain, we play an essential role making sure high-quality products reach consumers. However, there are many uncertainties ahead financially as well as looking at the overall impact of the virus on the countries where we operate,” explained Carlos Díaz, CEO of BioMar Group.
“It has been our strategy from the beginning of the crisis to make sure we protect our people and ensure business continuity. We implemented hygienic measures and very rigorous protocols to maintain physical distancing in our factories. At the same time, we have collaborated with customers to find a way to get through the challenges together,” Díaz said.
BioMar reported a significant increase in earnings and revenue, but together with its owner, the industrial conglomerate Schouw & Co. (listed on Nasdaq Copenhagen), suspended specific financial guidance on the company due to global uncertainty following the coronavirus crisis.
“Right now, our focus is on handling the direct impact of the coronavirus and at the same time trying to prepare for the “new normal” which will follow. I believe that businesses able to turn this crisis into an opportunity by rethinking the future, will have a strong advantage going forward,” concluded Carlos Díaz.


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No, this is not a drill.
You’ve seen the TV footage of food riots in parts of the developing world. Yes, they’re a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here.
Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.
“Load up the pantry,” says Manu Daftary, one of Wall Street’s top investors and the manager of the Quaker Strategic Growth mutual fund. “I think prices are going higher. People are too complacent. They think it isn’t going to happen here. But I don’t know how the food companies can absorb higher costs.” (Full disclosure: I am an investor in Quaker Strategic)
Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you’ll be lucky to get a 2.5% interest rate. Even the best one-year certificate of deposit you can find is only going to pay you about 4.1%, according to Bankrate.com. And those yields are before tax.
Meanwhile the most recent government data shows food inflation for the average American household is now running at 4.5% a year.
And some prices are rising even more quickly. The latest data show cereal prices rising by more than 8% a year. Both flour and rice are up more than 13%. Milk, cheese, bananas and even peanut butter: They’re all up by more than 10%. Eggs have rocketed up 30% in a year. Ground beef prices are up 4.8% and chicken by 5.4%.
These are trends that have been in place for some time.
And if you are hoping they will pass, here’s the bad news: They may actually accelerate.


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"The Reinvention of Silk," an article published in today's New York Times, discusses new, outside-the-box creations of this versatile filament. Since spider's can't spin enough of it, "some scientists are ... working on reinventing the one silk that is commonly available — that of silkworms. They are reconstituting it to make novel materials that have the potential to go far beyond the dream of bulletproof vests." Read full article here
(above) Silk creations by Tufts University researchers include a coilmade of silk substrate and gold that can help tell when food goes bad.
(above) Pure silk fibroin powderused to make solvent-based silk scaffolds that take a long time to degrade in the body.


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LISA BUCKINGHAM: Paying stupid money says something
Cynical or stupid. There is really no other explanation for the way in which most private equity companies have behaved.
Sure, businesses fail in recession. But to send them into a downturn with one arm tied behind their back in the form of crippling debt interest payments is unforgivable. and now private equity-backed companies are falling like ninepins.
As we saw during the crazy dotcom boom, when companies pretended there was no longer a need to make profits so long as sales kept growing, turning a blind eye to the realities of basic finance is doomed.
Lisa Buckingham: 'With the Government urging small business to come to the rescue, now should be the moment for creative investment in growing business'
The private equity passion for loading companies they bought with debt in the belief it would be repaid when they sold for ever-increasing prices was cuckoo.
Homeowners might hope that house prices rise forever. The gurus of private finance should know better. They let themselves borrow to pay fancier and fancier prices for companies, not considering that asset prices might fall.
While taking huge fees and pretending to wave a management magic wand, they simply cut costs by sacking people and refusing to invest in the future of the business. Decent companies were bled dry by interest payments on huge debt.
Now, as the usual exits of finding equally stupid buyers or a willing stock market to float businesses on aren't available, they are locked in with crippling debts. The banks might stay their hands as they don't want to realise losses on loans, but it won't last forever.
Already, second time round, private equity groups are circling to pick up the spoils at knockdown prices. at least three buyout investors are trying to raise £5 billion to buy distressed assets. as ever, it is the little people who pay. Jobs were cut trying to repay debt. More will go as these companies change hands on the brink of bankruptcy.
With the Government urging small business to come to the rescue, now should be the moment for creative investment in growing business. But private equity is tainted. it is a spent force apparently interested only in lining its pockets rather than helping business prosper.
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Jun 26, 2014
Jun 20, 2014
Jun 11, 2014
May 29, 2014
Mass. woman sentenced for ID theft, Salem shopping spree
Couture was originally indicted on 10 charges that included identity fraud and theft for shopping trips that happened at T.J. Maxx, Kohl’s, Lowe’s and J.C. Penney in Salem.
Her plea deal requires her to serve two to five years in state prison on a 2011 conviction for hiding six cans of stolen baby formula from Derry police outside of a Burger King restaurant, according to court records.
Prosecutors say Couture tried to spend thousands of dollars on a West Virginia woman’s credit, and had photo identifications that helped her impersonate four other women living in Florida, Maryland and Missouri.
But that transaction was denied by loss prevention workers, police said. Later that day, Couture tried to obtain a fraudulent credit account at J.C. Penney and at T.J. Maxx, according to indictments.
Couture went to a Lowe’s store in Salem on Oct. 14, 2012, with another woman and filled two shopping carts full of merchandise that totaled more than $1,000. She was barred from making the purchase after applying for a credit account using the West Virginia ID, police said.
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- Total Votes: 917


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China, a country of 1.3 billion, is gobbling up luxury products. As more brands enter the rapidly growing Chinese market and expand to second- and third-tier cities, the need for trained, informed retail staff has skyrocketed.
“Excellent service is a relatively new concept in China, and most people are not accustomed to experiencing great service. The lack of respect and tradition for service quality makes it difficult for most retail staff to really recognize and provide luxury class service,” said Renee Hartmann, co-founder of China Luxury Advisors.
Another factor affecting the luxury brands’ abilities to maintain staff is the habit Chinese retail employees have to “tiao cao” or “jump jobs” in the hope of earning more money and better positions. According to Hartmann, this has led to a veritable poaching war among brands.
Realizing the limitations of the current pool of Chinese retail employees, some smart brands have begun to recruit and train new prospects from the ground up. Last November, Richemont, who owns Cartier, Chloé, Piaget, Vacheron Constantin, Mont Blanc and Dunhill, opened its first luxury retail academy in Shanghai. Located on Huai Hai Road, one of the city’s premier shopping streets, a very select group of students come to immerse themselves in the luxury retail experience. The second class, which consisted of 33 people between the ages of 22 and 28 selected from a pool of 2700, recently graduated and is ready to infiltrate the luxury retail market.
Daiting Shen graduated in Richemont’s first class, is now 24 years old and serves as a sales associate at a Cartier boutique in Shanghai. “The program provided me with lots of professional knowledge and skills. Before this, I was an outsider; my knowledge of luxury business was acquired from the media,” Shen said. “But after learning from the program and starting to work, I came to know what it really takes to be in the business.”
Richemont’s nine-week course includes classroom time and boutique training. Topics covered include “The World of Luxury”, “Watches”, “Etiquette and Grooming” and “The Importance of Service.”
“We set up the first retail academy in China mainly because the China market is very big in terms of share and scale to the group and the growth is very rapid. Many maisons under Richemont Group are facing a shortage of sales talents, thus our group decided to recruit sales talents on a large scale to meet the market’s requirement,” said Alain Li, chief executive of Richemont Group Asia Pacific.
Richemont hopes ultimately to graduate as many as 250 students per year. Dior is also planning to open a Chinese campus of its revered Dior Academy to train new employees. Graduates of luxury retail schools will not only be useful in the new Chinese markets, but also in boutiques abroad as the numbers of shopping tourists continue to increase.
photo credit: richemont


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Facebook has introduced more and more places for businesses to include the functionality, including new sections on Pages and a dedicated shopping section. It also rolled out "buy" buttons with its new Instagram ads. Meanwhile, Twitter has introduced collections and product pages to help businesses sell more goods and services directly to consumers over the social network.
One factor that may be delaying widespread adoption is the perceived lack of interest. GlobalWebIndex recently conducted a survey of social-media users, and found interest in "buy" buttons ranged from 9% of Facebook users up to 17% of Tumblr users. And a survey from Boston Retail Partners found that only 34% of retailers expect to increase their revenue from social-media referrals.
Interest is definitely strong enough to make an impact
Consider this: Amazon.com (AMZN -1.84%) had 244 million active customers during the last 12 months. Nine percent of Facebook users is about 140 million -- that's the number of users who expressed interest in the company's "buy" button. Retailers are neglecting this audience by not taking advantage of Facebook's new shopping features. Likewise, 14% of Instagram users -- about 56 million -- and 12% of Twitter users -- 37 million -- expressed interest.
In other words, a substantial number of online consumers have expressed interest in shopping over social media -- even though it equates to a small portion of social-media users in total. Still, 85% of retailers expect to increase their e-commerce revenue next year, but only 34% expect to see increases in social-media referral revenue.
Getting over the hump is hard
The hard part for retailers may be figuring out which of Facebook's 1.55 billion users are among the 140 million that are interested in buying things from advertisers on its network. There's no point in putting products and "buy" buttons in front of people who don't intend to buy things through the app or website.
To this end, there's a lot of room for Facebook and Twitter to help. It's a start to be able to re-target shoppers who previously visited a retailer's e-commerce site, but it doesn't separate those interested in shopping on social media from those who are just interested in shopping online. Both companies could help retailers target users who have looked into the more-passive shopping options on both platforms to improve the effectiveness of using "buy" buttons.
If Facebook or Twitter are serious about increasing the number of advertisers using this functionality, then they ought to subsidize the price of bidding on those ads. Simply moving those ads higher up in the News Feed or timeline will provide data to determine who's interested in "buy" buttons, and how much value they provide.
They should be interested
Amazon will generate more than $100 billion in revenue this year. And while neither Facebook nor Twitter are interested in warehousing and shipping millions of products, it shows the huge market for online commerce that exists. Taking even a small cut off the top -- through direct advertising sales -- would provide a meaningful boost to both companies' top lines.
A better comparison would be eBay (EBAY -0.36%), which makes money from providing a platform for buyers and sellers to find one another. The company is expected to generate $8.6 billion this year off of an active customer base of 157 million. That's roughly the same size as the audience expressing interest in Facebook's "buy" button, and about four times larger than the potential audience on Twitter.
If Facebook and Twitter can monetize buyers at a quarter the rate of eBay -- considering each buy button ad replaces the opportunity for a different ad -- Facebook stands to increase revenue by $2 billion (16% 2014 revenue), and Twitter could increase revenue $500 million (36% 2014 revenue). But it's up to the social networks to do the hard work and make the necessary short-term sacrifices to secure such a big opportunity. Retailers aren't going to do for them.


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Managing Director for OgilvyOne, Jo Coombs, shares her observations about how CMOs are using their external perspective to change how businesses run. "I've definitely started to see CMOs be a force for change within organisations, partly because they are very customer centric."
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Subway set to double up in Potters Bar?
A NEW fast food restaurant could be set to open in Potters Bar. US sandwich chain Subway has announced plans to create 7,000 jobs across the UK and Ireland by December 2010, opening some 600 new stores in the process. The Potters Bar Edition has learned t
A NEW fast food restaurant could be set to open in Potters Bar.
US sandwich chain Subway has announced plans to create 7,000 jobs across the UK and Ireland by December 2010, opening some 600 new stores in the process.
The Potters Bar Edition has learned the company wants to launch two new stores in Times Territory, with "the area around Potters Bar, Hatfield and WGC of interest".
A spokesman for the company said: "The Subway chain is continually looking for sites to open new stores.
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"We are pleased to announce that the Subway chain is in the early stages of negotiating the opening of two new stores in the area.
"At this early stage we are unable to confirm the locations of the two new stores; however more information will be made available as the developments progress."
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Potters Bar already has a plethora of fast food restaurants, cafeterias and eateries, including a McDonald's, Costa Coffee, Royal Chicken & Ribs and Caf� Larsen.
Indeed, the town already has a Subway outlet in Darkes Lane.


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Coopers Brewery is celebrating its 150th anniversary this year (2012) and is already setting its sights on the future.
Coopers ‘Celebration Ale’ is a hops driven traditional ale with a dark red hue. It incorporates three different hops varieties – Centennial from the USA, Nelson Sauvin from New Zealand and Pride of Ringwood from Australia – to produce a beer that displays strong estery characteristics.
Now the largest remaining Australian-owned brewer, Coopers has been securely in family hands since its founder, Thomas Cooper, a former stonemason and shoemaker, produced his first commercial brew in May 1862.
Coopers’ Managing Director, Dr Tim Cooper, said Celebration Ale had been specifically brewed to mark Coopers’ 150th anniversary. However, if it proved popular, strong consideration would be given to making it a regular Coopers’ line.
“We think Celebration Ale will appeal to those who enjoy slightly hoppier styles of beer,” he said.
“At 5.2% abv, it has a rich aroma of fruity esters with a slight hint of citrus and has a warm finish on the palate. It is also slightly more bitter than other Coopers ales.”
Dr Cooper said the release of Celebration Ale had been timed to coincide as closely as possible to 150 years from the day that Thomas Cooper made his first commercial brew, on 13th May 1862.
Coopers’ Chairman and Marketing Director, Mr Glenn Cooper, said Celebration Ale’s packaging was outstanding with the use of vibrant colours and graphics.
“The bottles will be packed in basket packs, while cartons will be predominantly black with gold writing to complement the neck labels on the bottles,” he said.
“It has been an open secret that Coopers would release a special beer to mark its 150th anniversary and there has been a large amount of interest about what we would produce and when it would be available.
“People understand that if Coopers is going to release a beer to mark a special occasion, it will be a special beer.
“We are confident that the beer itself and its packaging tick all the boxes.
“Early indications are that the initial production run will be quickly snapped up and we have already scheduled additional production to keep up with demand.”
Mr Cooper said the beer would be available in 355 ml bottles only.


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Bringing an innovative idea to entrepreneurial life takes a variety of people and skills. Blair Simonite, Program Director of entrepreneurship@UBC, will be on hand on Monday, April 3 to share some valuable insights on how you can be introduced to the entrepreneurial ecosystem around us, including the HATCH incubator in the ICICS/CS building. Blair will be joined by two highly successful local tech entrepreneurs who are also UBC grads. They will share their stories and be available for one-on-one chats after the talks:
Amielle Lake: Amielle founded Tagga Media in 2008, a platform to help marketers connect with consumers in an increasingly technology-driven world. Campaign Monitor, an industry leader in email marketing, acquired Tagga in February 2017. Amielle currently sits on the board of the Forum for Women Entrepreneurs and is an advisor to three start-ups in the Vancouver community. Amielle holds an MBA and is a published author.
Barry Po: Dr. Barry Po is the Senior Director of Product and Business Development at NGRAIN, a 3D and artificial intelligence software company based in Vancouver. With a Ph.D. in Computer Science (Human-Computer Interaction) from UBC, he has worked at some of the world’s most recognizable brands in 80+ countries. Barry has appeared in various media outlets such as Popular Mechanics and Inc Magazine, mentors budding entrepreneurs, and serves on the advisory boards of several organizations.
Space is limited, so please RSVP at https://my.cs.ubc.ca/event/2017/04/interested-entrepreneurship-dialogue-eubc
Food and refreshments will be provided.


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Like Facebook, Square has outgrown its original focus, dealing with payment-processing systems for sellers, and now the company is rebranding as Block, in a nod to its ambitions in the world of blockchain.
Jack Dorsey just resigned on Monday from his role as CEO of Twitter, and in his continuing role as CEO of Square, things are shifting before the year is out. As the SF Business Times reports, the fintech company is now going to be known as Block, even though its stock ticker symbol will remain SQ, for now.
Also, the Square brand isn't going away, it will just be only associated with those seller systems and card swipers.
"We built the Square brand for our Seller business, which is where it belongs," said Dorsey in a statement. "Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy."
Also, as a consequence of the change, Square Crypto will now be known as Spiral.
The name changes reflect Dorsey's continued obsession with blockchain technology and cryptocurrency, and as he said at a conference earlier this year, per the Wall Street Journal, "I don’t think there’s anything more important in my lifetime to work on."
Block is @Square, @CashApp, @spiralbtc, @TIDAL, @TBD54566975, and our foundational teams who support them. We’re here to build simple tools to increase access to the economy. https://t.co/CkVKxHPkqy pic.twitter.com/RMOnxCLP9Y— Block (@blocks) December 1, 2021
Square's, now Block's, CashApp business lets users to buy and sell bitcoin, and the company reportedly has $220 million in bitcoin on its books.
As the Journal notes, Dorsey jumped ship from Twitter to focus on a far more valuable company — Block has a $92 billion valuation compared to Twitter’s paltry $35 billion. And while Twitter is still posting losses, Block cleared $537 million on sales of $16.7 billion for the 12 months ending in September.
Block is also now the parent company of music subscription service TIDAL, and the bitcoin financial services arm known as TBD or TBD54566975.
The change comes a little over a month after Facebook rebranded as Meta — something it continues to try to remind the world of in weird TV ads — and five years after Google became Alphabet, but we still mostly call it Google.


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BOSTON, July 16, 2019 /PRNewswire/ -- Compare Prime Day Nikon, Canon, GoPro & DJI drone deals. Sales experts at Saver Trends lens and is Wi-Fi and Bluetooth ready - Save up to $500 on Canon “Between 2015 and 2018 we have seen 500 per cent growth of drone adoption by public safety agencies in the US,” Jan Gasparic, director of strategic partnerships at DJI, said at the RISE tech DJI’s domination of U.S. drone sales has long raised Last summer, city officials said the drone had aided in more than 500 arrests and that the device had led to a 10% drop in crime. Public safety The federal agency granted security clearance to two of the company’s drones, the Mavic Pro and Matrice 600 Pro, DJI said Wednesday. During more than two years of review, the Interior Department .
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In the coming weeks, more than 100 faith-themed clothing stores will open in Israeli cities and towns across the country, including some in major cities.
These new retailers are part of a new movement called “faith-inspired clothing” — which, in a nutshell, refers to the trend in the United States of Christian clothing featuring biblical symbols.
The New York Times has the full story: “For many years, Israel has had a vibrant Christian community, but now the Israeli religious scene is becoming more diverse, including a growing number of people who identify as Jews, Jewish-American or Jewish-Arab.”
The Times also reports that “the number of Christian churches in Israel has doubled since 2011, and more than 80 percent of the country’s churches have been Christian since the beginning of the 20th century.”
Some of these new Christian stores include a clothing line called “Christians of the Wall” by The Gospel Shop in Beit Shemesh, and an upscale Jewish-themed store called The Church of the Flying Spaghetti Monster.