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More startup swapping in food delivery: Glovo, a Spanish on-demand delivery company that operates a network primarily for urban convenience shopping, has announced the acquisitions of two local “Instacart”-style grocery picking and delivery businesses, Mercadao from Portugal and Lola Market in Madrid.
Terms of the acquisitions aren’t being disclosed.
2015-founded Lola Market had raised around EUR3 million, per Crunchbase. It’s not clear how much Portugal’s Mercadao — which was founded in 2018 — had raised over its shorter run.
The Spanish on-demand delivery service platform faces challenges on its home turf. In this instance, the government has implemented a labor reform that targets delivery workers in the gig economy.
Glovo reacted by imposing a new model of self-employment on the vast majority riders on its platform. It hired only about a fifth. The scene is set for legal challenges in its homeland.
At the European Union level lawmakers are looking at how to improve platform workers conditions — and could also come up with pan-EU legislation which has greater implications for regional players such as Glovo’s business models.
Ongoing regulatory challenges over employment classification and algorithmic management of workers in the gig economy may offer some context for Glovo’s expanding interest in grocery purchasing in Europe, where it has been building out a network of dark stores to power what it calls “Q-Commerce” (aka, quick urban convenience shopping).
As well as for its recently announced international expansion in Africa, where it has said it will be doubling down investment over the next 12 months.
However, the difficulty of achieving profitability for food delivery on-demand seems to be a significant piece of the puzzle that is driving consolidation.
By adding players to the grocery and retail outlet picking delivery spaces, Glovo can expand its coverage of shoppers’ requirements and can nudge them to spend more. It can also cross-sell customers on planned purchases (such the weekly grocery shop) and what it calls “emergency necessities” and “fast and convenient” because it has a smaller inventory in its dark city centers.
Both Mercadao and Lola Market’s brands will be preserved, according to Glovo. Mercadao CEO Goncalo Soares Da Costa will also manage them independently.
It claims that the acquisitions will strengthen its position in Europe’s “key markets”. The company also stated that it will expand its market reach by adding grocery picking and delivery, with an initial expansion in Poland and Italy.
Also today it said its Q-Commerce division is “on track” to reach an annual Gross Transaction Value (GTV) of more than EUR300 million this year — adding that it expects that to more than triple by the end of 2022, projecting it will surpass a run rate of EUR1 billion.
Commenting on the latest acquisitions, Oscar Pierre (CEO and co-founder) of Glovo said: “We see tremendous potential in on-demand grocery marketplace and both companies in their respective markets are strong players, and further strengthen Q-Commerce offering.
With Lola Market, Mercadao, and other companies on board, we are able to build stronger partnerships with retailers and offer big-basket purchase options for our customers and provide a more comprehensive service. These acquisitions represent a significant step forward for us, as we’re now able to cover all of the main purchasing considerations for groceries customers, making Glovo a one-stop-shop for e-groceries.”


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CITY MAPS ACTION AGAINST BIG BAKERS; Anti-Trust Suits Seen in Price Rise--Buying by Hoarders Stirs Appeal to Truman Hoarders Continue Buying Rush for Nylons Called Silly Sheils Assails Big Bakers
By CHARLES GRUTZNER ();
July 19, 1950,
, Section , Page 19, Column , words
Anti-trust action in the courts against the city's five biggest baking companies was indicated yesterday. Commissioner of Investigation James H. Sheils said the bakers had failed to produce any satisfactory explanation of last week's price rise of one cent a loaf.

domain: news


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The Greek government is planning an application to limit the time citizens are out of their homes and spend in shopping. The app QR Code is thought as another “creative” – but practically inapplicable – measure aiming to limit the spread of Covid-19.
According to a model presented by ANT1 TV on Monday morning, the app will have a QR Code that will be activated and will have a ‘time-clock” for the period of 4 consecutive hours.
When activated, the user will no be able neither to change the time nor stop it. The timer will just count down for hour hours.
Once download the QR Code will notify:
“This QR Code is valid for 4 consecutive hours per day, it is mandatory to enter stores and you must show it to controllers if requested.”
The Code would be available e-katanalotis -“e-consumer.”
The genius minds in the Digital Governance came up with this idea when shops opened last week, thousands of Greeks rushed for shopping after 2.5 months of lockdown and crowded on the streets outside the stores increasing the risk of the virus spreading.
However, this was not the only problem. The government had put a time limit of 2 hours for shopping. That was difficult to impossible given the queues outside stores, and that not everyone lives close to an urban shopping area.
What did many Greeks do? Once the 2-hour time on SMS for exit from home was up, they sent another sms and extended their time for shopping.
In the many controls on Saturday and Sunday, police officers asked in addition the receipts from the purchases and doubled checked the time a consumer was out. In several cases they issued fines of 300 euros.
And there came the QR Code as an additional control measure.
Too bad, though, that the whole idea encounters difficulties with “personal data” of consumers and they are stored.
Data sent per SMS to 13033 are not stored.
Not to mention the fact that many Greeks leave their homes with hand-written notes, and that not only “seniors” would have difficulties to download and use such an app and the relevant code.
Digital Governance Minister Kyriakos Pierrakakis told media that “there could be other systems to limit time of the SMS to exit home” adding that he was in contact with Development Minister.
According to latest media information there are thoughts for an alternative like SMS with option <2> and a link sent to sender when he can connect to a timer. This can be activated and count down for 2 or 3 hours.
Activation will be allowed once per day.
Note: This is questionable as well as option <2> on SMS is also valid for hair- and beauty saloons and every woman knows a full pack (hair cut, dye, form etc) cannot conclude in 2 or 3 hours.
And the genius minds already consider that “seniors” will fill up a “special form” with the allowed times/hours for shopping.
All this waste of brain cells for the total control occurs while the only lockdown restrictions now in force are: the night curfew 9 pm – 5 am, the SMS to exit home and the ban to travel from region to region. The latter is most likely to be lifted next week, when gymnasiums and lyceums and gambling stores open on February 1 and there are plans to open also ski resorts.


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Brokerages expect that Kimberly-Clark Co. (NYSE:KMB) will announce earnings of $1.89 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kimberly-Clark’s earnings. The highest EPS estimate is $2.01 and the lowest is $1.77. Kimberly-Clark reported earnings per share of $2.20 in the same quarter last year, which suggests a negative year-over-year growth rate of 14.1%. The firm is expected to announce its next quarterly earnings results before the market opens on Friday, July 23rd.
According to Zacks, analysts expect that Kimberly-Clark will report full-year earnings of $7.41 per share for the current year, with EPS estimates ranging from $7.34 to $7.48. For the next year, analysts anticipate that the firm will report earnings of $7.85 per share, with EPS estimates ranging from $7.73 to $8.03. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Kimberly-Clark.
Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Thursday, April 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.14). Kimberly-Clark had a net margin of 12.06% and a return on equity of 376.18%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year.
Shares of NYSE:KMB opened at $129.46 on Friday. The company’s 50 day moving average price is $133.02. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 10.12. The stock has a market capitalization of $43.68 billion, a PE ratio of 19.41, a P/E/G ratio of 3.50 and a beta of 0.51. Kimberly-Clark has a 12 month low of $128.02 and a 12 month high of $160.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 2nd. Stockholders of record on Friday, June 4th will be paid a $1.14 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.52%. Kimberly-Clark’s dividend payout ratio (DPR) is 58.91%.
A number of large investors have recently modified their holdings of KMB. Norges Bank bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $510,600,000. American International Group Inc. increased its position in shares of Kimberly-Clark by 842.4% in the fourth quarter. American International Group Inc. now owns 1,218,620 shares of the company’s stock valued at $164,307,000 after acquiring an additional 1,089,304 shares during the period. BlackRock Inc. raised its stake in shares of Kimberly-Clark by 3.8% during the first quarter. BlackRock Inc. now owns 27,646,879 shares of the company’s stock valued at $3,844,301,000 after acquiring an additional 1,002,406 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Kimberly-Clark by 151.3% during the fourth quarter. Federated Hermes Inc. now owns 1,455,409 shares of the company’s stock worth $196,233,000 after purchasing an additional 876,282 shares during the period. Finally, Nuance Investments LLC increased its holdings in Kimberly-Clark by 816.2% during the 1st quarter. Nuance Investments LLC now owns 860,564 shares of the company’s stock valued at $119,661,000 after purchasing an additional 766,639 shares during the period. Institutional investors own 72.97% of the company’s stock.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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A large number of traditional brick-and-mortar retailers have gotten hit in recent weeks and months on weak earnings reports. Notable names include Macy's, Sears, Target, Nordstrom, Office Depot, Kohls, Gap, Staples, and JC Penney.
This is important because many view retail as an important canary in the coalmine when it comes to a looming recession as consumers pull back on certain discretionary items like apparel.
In a recent interview with Financial Sense Newshour, Gary Dorsch, Editor of Global Money Trends magazine, argued that weakness in the brick-and-mortar retail space has less reliability in signalling recession given the structural change in consumer spending habits to e-commerce, which has gone from less than 1% of total sales in 2000 to 7.8% as of Q1 2016.
Given the continued growth of e-commerce and, of course, Amazon, which just reached a new all-time high, Dorsch cautioned listeners to view the recent brick-and-mortar decline as an industry-specific disruption. That being said, if Amazon were to suffer a sharp downturn on weak sales, that would raise a major red flag in his mind.
All in all, for Dorsch, the larger issue at stake is how the economy will hold up with higher interest rates.
“We’re going to see the true face of the market once the Fed starts to normalize monetary policy,” he said. “It’s remarkable that we’ve now had near-zero-percent interest rates for seven-and-a-half years, and a lot of people have become brainwashed to believe that’s the new normal. But it’s not normal—it’s very abnormal.”


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MUMBAI: Tata Steel
has sold its Chinese unit, Kalzip
Guangzhou, to Shanghai Qinheng International Trade Company
for 5.2 million euros (Rs 36 crore).
Kalzip reported an operational loss of 1.15 million euros in fiscal 2016. Its turnover stood at 2.26 million euros during the same period. Kalzip is yet another divestment of Tata Steel’s loss-making overseas ventures. In the recent past, the BSE-listed company sold some of its UK businesses to Liberty House and Greybull Capital. Tata Steel said that the sale agreement with Shanghai Qinheng
was entered last November and that the transaction was completed on March 29. On Friday, shares of Tata Steel closed at Rs 482.65 on the BSE.


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The majority of small businesses use social media to grow, yet for many of them, deciding which sites to use remains a challenge. In May, SocialCentiv, a patented Twitter marketing tool to help businesses find new customers, released its evaluation of how five of the most popular sites perform as marketing vehicles for small businesses. “Roughly 80 percent of small companies use social media in their expansion efforts,” says Bernard Perrine, co-founder of SocialCentiv, “yet nearly 60 percent of them had received no return on their investments.” So which site works best? Here’s what Perrine thinks:
Facebook: Prominent But Pricey
For many small businesses, the answer seems to be Facebook. “Around seven out of every 10 Internet users in the U.S. is on Facebook,” Perrine says, and with more than 1.39 billion active users, “the site is the most dominant player in social media.” A strong advantage is that advertisers can target would-be customers based on a variety of criteria, such as an individual’s location, gender and interests. The flip side? Facebook’s marketing landscape is getting crowded. As of late 2013, one million of the site’s 1.5 million advertisers were small and mid-sized businesses. Perrine says Facebook also seems to be killing off “organic,” or unpaid, reach by corporate marketers—ensuring they must pay to share their messages with the site’s members.
Google+: Too Few Members?
Although Google+ boasts some 2.2 billion user profiles, one study found that only 9.9 percent of those profiles have any content that’s been posted publicly, and in January, another researcher estimated it had only 4 to 6 million active posters to date. Since its inception in 2011, Google+ has primarily had a user base made up of younger, technology-friendly men. So aside from niche marketers looking to pitch to that demographic, Perrine says it’s difficult to see the value in small businesses spending marketing dollars on Google+.
LinkedIn: B2B Marketers Favorite
With 300 million-plus active users, LinkedIn’s niche is the professional audience. This gives it an edge in users that are college educated and between the ages of 30 and 49. “Advertisers can target LinkedIn audiences on everything from their job titles and employers to geography and age,” Perrine notes. “That can be a compelling proposition for purveyors of high-end business services, but it can be a costly advertising platform. For advertisers that cater to younger or less affluent demographics, other social platforms may better serve their interests.”
Pinterest: Visuals Over Text
Pinterest, which should hit 47 million monthly active users this year, has definite pluses for marketers. Yet its essential function—serving as an online pin board or visual bookmark—“isn’t necessarily something that large numbers of people may want to do,” according to an eMarketer study released early this year. What’s more, the vast majority of Pinterest members are female. “The emphasis on Pinterest is the visual,“ Perrine notes. “To attract users’ attention, marketers need compelling images or videos, which can be a challenge for some small businesses.”
Says Perrine, Twitter has one advantage that other social platforms can’t match: the ability to reach consumers just when they’re ready to buy. “The simple innovation of limiting users’ posts to 140 characters means people use Twitter to express just what they want in real time,” he maintains. The sheer volume of Twitter usage can present a challenge for small marketers, however. “Some 288 million monthly active users send roughly 500 million Tweets daily,” he notes. “That can be a lot of posts to comb through, but do-it-yourself marketing tools like SocialCentiv can help companies filter out the noise so they can respond in real time with discounts for products people want to spend money on.”
SocialCentiv is a do-it-yourself Twitter marketing tool that makes it easy to create a campaign that tracks keywords and reaches relevant consumers with greater precision by targeting local Tweets.


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By Rashid Shirinov
The Central Bank of Azerbaijan (CBA) will create a digital identification system for bank-client relations based on blockchain technology.
This is noted in the statement of the CBA on the main areas of the monetary policy for 2018 and the medium term, published on December 29.
The Central Bank is actively studying blockchain and will implement a pilot project based on this technology.
At the same time, the CBA will continue to expand non-cash payments. The implementation of the relevant program prepared by the Central Bank will significantly increase the use of modern payment infrastructure.
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. Most often, copies of block chains are stored on a variety of computers and are independently of each other processed by them.
The first blockchain was conceptualized in 2008 by an anonymous person or group known as Satoshi Nakamoto and implemented in 2009 as a core component of bitcoin where it serves as the public ledger for all transactions.
Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov
Follow us on Twitter @AzerNewsAz


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NewsDesk: £20 million boost for creative industries
More than £20 million is being pumped into the UK’s thriving creative industries to help inspire and attract new talent, scale up existing businesses, boost skills and provide education.
The package of support announced by Creative Industries Minister Margot James during a visit to Dudley Technical College will help to increase the diversity of the sector’s workforce and maintain the future pipeline of creative talent in an industry that now contributes more than £100 billion to the UK economy.
Improving the nation’s skills and boosting business opportunities is at the heart of the government’s modern Industrial Strategy, which this week celebrates its one year anniversary. This new funding follows the publication of the Creative Industries Sector Deal earlier this year and includes:
- A £14 million Creative Careers Programme led by industry will see leading industry figures working with schools and colleges to raise awareness of employment opportunities in the sector, reaching more than 160,000 students by 2020. Around 2 million young people will be able to access better advice about pursuing a creative career.
- A £4 million programme to help scale up creative enterprises in Bristol, Greater Manchester and the West Midlands – helping creative businesses to access finance and translate their ideas into investment.£2 million to continue the successful ‘Get it Right’ campaign with industry until 2021 – helping to educate consumers on the dangers of copyright infringement and direct them to legitimate sources of creative content online.
- £200,000 investment to upscale the Digital Schoolhouse programme being delivered by games trade body Ukie powered by PlayStation – inspiring the next generation of game creators, growing the programme to 50 schools by September 2019 and reaching an extra 7000 pupils next academic year.
- £190,000 to the UK Games Fund to build on the new Pitch Development Programme. This helps promising companies gain industry support to receive UK Games Fund grants of £25,000.
Minister for the Creative Industries, Margot James, said:
“Millions of people around the world enjoy our world-class creative and cultural output every day, and we want to stay as a frontrunner in these vibrant sectors.
“Our creative industries are a vital part of the economy, contributing over £100 billion to the economy, so it is important we maintain the pipeline of talent. This package will take the sector from strength to strength by arming the next generation of creatives with the necessary skills and giving businesses in the industry the support they need to succeed.
“The Creative Careers programme will see leaders of creative businesses inspire students through talks and work experience. Businesses will also be helped to develop more accessible routes into employment in the sector, this includes creating apprenticeship standards for priority roles which will be identified by industry.”


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Barbeque Nation looks to increase restaurant count by 30 per cent in fiscal year 2018-19
The company has not closed even a single restaurant for lack of business, MD Kayum Dhanani said. Founded in 2006 in India, Barbeque Nation has over 102 outlets across major cities and towns in the country.
By PTI: Casual dining restaurant chain Barbeque Nation is looking to expand the number of restaurants by up to 30 per cent across the country in the current fiscal, a top official said.
Apart from the growth in India, the company is also planning to open restaurants oversees, in Malaysia, the Middle East and Sri Lanka.
"We would be close to 25-30 per cent expected growth in terms of number of stores in the current fiscal year," Barbeque Nation Hospitality Ltd MD Kayum Dhanani told PTI.
The restaurants will be opened in metros, tier I, tier II and tier III cities, he added.
While in metros and tier I cities, the outlets are of 4,500-6,000 square feet requiring an average investment of Rs 2.75 crore, for tier II and tier III cities the size is comparatively smaller, that is between 3,500-4,000 square feet, Dhanani said.
When asked about the expansion plans oversees, Dhanani said, "the company is in expansion mode in the Middle East and will also be shortly opening in Malaysia in South East Asia and in Sri Lanka in South Asia."
The company already has three operational restaurants in the Middle East, by the end of this financial year it will have close to 8 to 9 restaurants there, he added.
On being asked about the proposed initial public offering (IPO), Dhanani said, "We are planning to raise Rs 160 crore in IPO for the company. The money raised would be used for repayment of debt, expansion and for general corporate purposes."
Largely depending on market conditions, the IPO could come in the first quarter of this financial year, a company official added.
Elaborating about the company's role in the casual dining space in the country, Dhanani said, "We have contributed significantly to defining and shaping the casual dining experience in the country with our unique proposition of, do-it-yourself live on-the-table-grill and have served over 24 million patrons over the last 4 years."
The company has not closed even a single restaurant for lack of business, he added. Founded in 2006 in India, Barbeque Nation has over 102 outlets across major cities and towns in the country.


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Apple have announced that they are to hold an iPhone 4 press conference this coming Friday. Taking place at the company’s One Infinite Loop base in Cupertino, proceedings kick off at 10 am PST, or 6pm UK time. Though Apple have yet to reveal the reason for the sudden press conference, it’s odds on that they will be looking to calm growing concerns over the iPhone 4’s weak signal problems.
Since launch day iPhone 4 users have complained of poor network reception on Apple’s latest smartphone, particularly if held in a certain way which has since been dubbed the “death grip”. Numerous DIY fixes were suggested by users as well as the suggestion that certain phone cases could alleviate the issues.
Apple themselves put the problem down to a fault in the phone’s software, which suggested a user had far better reception than they did in reality, with the Cupertino company offering an update to fix the problem. However, many still feel that Apple are trying to wriggle out of an underlying hardware problem.
And could you blame them? Over 1.7 million iPhone 4s have been sold so far. However great the phone may be, if there is an inherent fault in the Apple kit, they may be liable to recall much of the first batch that were sold. Not only would that leave them with egg on their faces, but it would also prove incredibly costly.
Check back on Friday when we’ll have the full run down on what the press conference reveals.


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According to the Accenture, more than a third of the world’s adult population make little or no use of formal financial services. Accenture estimates that bringing unbanked adults and businesses into the formal banking sector could generate about US$380 billion in new revenues for banks. The majority of this population are found in low- and middle-income emerging markets. And even in high-income countries, large numbers of people don’t use banks to help meet their day-to-day financial needs.
Accenture also note, with income levels growing, financial inclusion is now on the agenda for public and private financial institutions. The time is right for banks to take advantage of the unbanked and underbanked market, by changing their current operating model and customer offerings, to effectively serve this fast-growing, lucrative market.
To provide services, for more than two decaces banking industry already applied the artificial intelligence and big data technology. So, what if we put that together, combined with blockchain technology to give more access to the unbanked people?
Let’s say this. With those three technologies, financial institution like bank or fintech startup could provide exact data for someone want to make a loan from a bank. This could perform low risk of default credit for financial institution.
For blockchain itself, big bank companies since 2012 already put huge investment for the technology. It seems they know the new opportunity inside it. A new research by CB Insight shows that major financial services firms Goldman Sachs, Google and Citi are among the top five most active corporate investors in Blockchain technology. The companies are behind the Japanese group SBI Holdings, technology firm Google, and US-based online retailer Overstock.com.
Based on the report, there are already 91 major companies that invested in blockchain technology as of mid-October 2017. This number is already near the total number of venture capital investments, which has 95 active investors. Of the corporate investors, over 50 are global financial services companies. The report also showed that the 10 biggest banks in the US have collectively poured a total of $267 million into the technology. Itt also revealed that the total corporate investment in Blockchain so far in 2017 already reached $327 mln. From 2012 to 2017, total investments amounted to $1.2 bln.
Answering the problems
According to Google and Temasek, by 2025 the South East Asian Internet economy is expected to reach 200 billion USD, strengthening its already strong and growing GDP of 2.5 trillion USD. With its mobile connection growth rate higher than the global average (124% vs. 103%), and its Internet speed expected to reach the global average of 23.3 Mbps soon, the region’s Internet industry is flourishing. Furthermore, as of January 2017, social media penetration of its member countries is high.At the same time, only 27% of the South East Asian population has a bank account. In poor countries like Cambodia, the numbers fall to about 5%. That’s about 438 million people in the region unbanked.
So, there is no absolute reasons to avoid the blockchain technology, plus if you know that could combine together with existed technology. Today, banks are not able to approve first loan applications for billions of people worldwide due to absence of credit history and records. MicroMoney breaks this vicious cycle by lending to the unbanked and thus creating credit profiles banks could use, a breakthrough made possible by productization of the proprietary blockchain-based Decentralised A.I. Neural Network Scoring System.
As a Singapore-based company, MicroMoney is an Open Source Credit & Big Data Bureau that connects new customers to all existing financial services. MicroMoney A.I. platform uses complex algorithms to predict creditworthiness of all customers and in just 15 minutes a borrower can get their very first loan in his/her life just from their smartphone. All customers have an ability to pay less interest and have a higher credit rating, if they use our platform more often. All aggregated Big Data and Credit Histories are stored on the Blockchain. Thousands of existing businesses will get access to millions of new customers which we will bring to the global economy.
Currently, MicroMoney is establishing new branches in Indonesia, Sri Lanka, and the Philippines. Next target countries are Vietnam, Malaysia, Singapore, Hong Kong, Nigeria, and China as a promising market. These branches will start operating in Q3 2017 – Q1 2018. For the purpose of further business expansion and developing new products, MicroMoney has decided to start a Token Distribution.
AMM is a utility token. The token is an integral part of the MicroMoney ecosystem and can be used as an internal payment mean or to get access to MicroMoney’s services. The token model is built so that our clients will want to use it frequently, thereby creating higher demand for the token.
Total supply (Token distribution) 60,000,000
Plan to raise $ 15,000,000
Hard cap $ 30,000,000
Adjustable 100% pre-mined. Any unsold tokens during the Token distribution will be burned.
Token type ERC20
Initial price 1AMM=1USD
(User UID: ICO Magazine)


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According to engadget (citing TouchPal as well as an internal source), HTC aims to replace Swype with TouchPal as the default input method in upcoming devices, including the new HTC One M9. The official TouchPal Twitter account also tweeted the engadget article about this, further confirming the move. What prompted this move? The CEO of CooTek, the company behind TouchPal, says it's because of their better contextual prediction and language support. If you actually look at the supported languages, you'll...
Official ICS Update Available for Samsung Galaxy R I9103
To all Samsung Galaxy R GT-I9203 users waiting to get official ICS on their device, we’ve got news for you! The ICS update was recently spotted on SamMobile. Although the OTA may be pushed out to your devices very soon, those who can’t wait can download and install it manually right away.
This is the European I9103XXLQ9 Update and it was spotted here on XDA by Recognized Contributor ardatdat. As is the case with every official Samsung ROM, this one is also TouchWiz based. Not being a carrier-specific version, this can be installed on any Galaxy R i9103 and contains no carrier bloatware apps. Here are some more details:
Regions: Austria, Belgium, France, Germany, Hungary, Italy, Spain, United Kingdom
You can grab the firmware from SamMobile and flash it to your phone using Odin or Heimdall. Though keep in mind that it will overwrite your recovery if flashed directly, so if you want to retain it, you might want to wait for a custom ROM, or flash a custom kernel with recovery after flashing it.
For more information, visit the discussion thread.
Want something on the XDA Portal? Send us a tip!
Many people are under the impression that once Apple finally launches its smartwatch, the market for wearables will suddenly become mainstream and be taken to the next level. Taking an idea that already exists and making it incredibly successful isn't something new to Apple, but does the Apple Watch have what it takes? The wearable hasn't even shipped yet, but has already won multiple awards and has been featured on numerous fashion magazine covers. Do you think the Apple Watch will be a huge success? Let us know your thoughts.
The smartphone landscape is drastically changing its focus. What was once a North-America-centric monopoly of high-specification phones is now merely an afterimage of the past. The meat of the game is elsewhere now; emerging markets looking for good bang-for-buck are what OEMs are increasingly aiming towards, and in this new game the old players must adapt-or-die. Xiaomi has grown at one of the most notable rates in the industry, leading it to become the world's most valuable start-up; and its...


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Lady Gaga announced deets about her new album, ARTPOP! The album will be released on November 11th with a new app, too. The ARTPOP app is infused with music and fashion stuff.
If you can't wait 'til November, Lady Gaga has a new single coming out August 19th! I got high hopes, don't let us down, Gaga!


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Pokémon Go continues to defy odds and has now hit the $3.6 billion mark. Mobile games are often challenged to grow, while sustaining player engagement through novelty, new challenges and game mechanics. Niantic has proved astute in these endeavors, while maintaining steady and increasingly-diversified revenue.
The latest validation comes from Sensor Tower’s estimate* that the game has reached $3.6 billion in lifetime revenue… just in time for its 4th birthday. It’s hard to believe it was four years ago, Summer 2016, when hordes of players started roaming public parks to confused onlookers.
Equally important to cumulative revenue is the fact that it’s trending up. Niantic has managed to not only sustain revenue from its initial launch boom, but achieve steady growth. This is most evident in the fact that 2019 was its biggest year to date ($905 million) according to Sensor Tower.
Drilling down on Sensor Tower’s figures, Pokémon Go’s lifetime revenue lead is followed by Square Enix’s Dragon Quest Walk ($540), Ludia’s Jurrasic World Alive ($76.5 million), and Tencent’s Let’s Hunt Monsters ($70 million). In fairness, these have varying time-in-market.
The U.S. is its most lucrative market ($1.3 billion), followed by Japan and Germany. Platform-wise, Android leads ($1.9 billion) over iOS ($1.7 billion). In units/users, the game has achieved 577 unique downloads to date, led again by Android (450 million) and iOS (125 million).
This means that Android has a commanding lead of users (78 percent), but only a slight lead in total revenue (54 percent). This gives iOS greater revenue per user (ARPU), possibly due to socioeconomic factors and currency variables that map to regional device/platform use.
Looking forward to 2020, it’s already reached $445.3 which means it’s on pace to exceed full-year 2019 revenue. This comes despite global lockdowns that inherently impact a game so dependent on out-of-home play. Niantic has been creative in pivoting game mechanics to Covid-era realities.
One reason this is all notable is that the common arc for mobile games is to lose novelty, as noted. There are few games that have been able to counteract this natural occurrence with a nature/nurture combination of inherently replayable game mechanics and deliberate updates.
Pokémon Go has demonstrated this formula with proven ingenuity, good design principles and thoughtful in-game updates. Those include the aforementioned Covid-era updates, as well as last year’s Team Rocket and Buddy Adventures updates. These follow AR+ Mode and Snapshot.
Beyond play dynamics, this validates Pokémon Go’s in-app purchases (IAP) revenue model. It’s inherited from the broader mobile gaming world, where it approaches $70 billion in annual revenue on the behavioral economics of microtransactions, a la Fortnite.
Not only is IAP validated in mobile gaming but it’s fitting to AR’s early stage when users hesitate to pay upfront for premium apps. Beyond revenues, IAP is supported by consumer survey data from our research arm ARtillery Intelligence, and recent report on top AR business models.
The question remains how the above pace will sustain. Growth rates naturally diminish as revenue escalates and period-over-period growth is calculated from a larger denominator. This compels revenue diversification or adjacent products that boost variable revenue against fixed cost.
This is precisely what Niantic recently did by expanding the capacity of its secondary revenue stream for in-game brand sponsorship. Previously available to multi-location brands like McDonald’s and Starbucks, it will now tap into the long-tail SMB marketplace.
But the larger play is the Real World Platform. This could represent the future of Niantic’s business. Rather than just a game studio, it can use its valuable learnings from Pokémon Go to be the go-to platform to power several other location-based AR titles. Next up: Catan.
All of this is important to watch, as early industry leaders like Niantic do the industry a favor through large-scale deployment. That can uncover market dynamics and demand signals that are valuable intelligence in early stages of any consumer technology. We’ll keep tracking it closely.
The article Pokémon Go Hits the $3.6 Billion Mark by Mike Boland first appeared on AR Insider.


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Wall Street analysts expect that Pool Corporation (NASDAQ:POOL) will report earnings per share of $0.17 for the current quarter, Zacks reports. Three analysts have provided estimates for Pool’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.19. Pool posted earnings of $0.06 per share in the same quarter last year, which indicates a positive year over year growth rate of 183.3%. The business is expected to issue its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Pool will report full year earnings of $4.07 per share for the current year, with EPS estimates ranging from $4.06 to $4.09. For the next year, analysts forecast that the business will report earnings of $4.73 per share, with EPS estimates ranging from $4.60 to $4.83. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Pool.
Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The company had revenue of $743.40 million for the quarter. Pool had a net margin of 6.19% and a return on equity of 69.28%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share.
In other news, Director Harlan F. Seymour sold 15,502 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the transaction, the director now directly owns 15,995 shares in the company, valued at $1,901,325.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the transaction, the chief executive officer now owns 61,708 shares in the company, valued at $7,450,006.84. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its position in Pool by 1,198.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 1,055 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Pool in the 2nd quarter valued at $188,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Pool by 13.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock valued at $189,000 after buying an additional 185 shares during the last quarter. Polen Capital Management LLC purchased a new position in Pool in the 3rd quarter valued at $207,000. Finally, FCG Advisors LLC grew its position in Pool by 0.3% in the 2nd quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.
Pool (NASDAQ:POOL) opened at $130.15 on Friday. The company has a market cap of $5,227.73, a P/E ratio of 33.98 and a beta of 0.96. Pool has a one year low of $97.25 and a one year high of $130.92. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.14%. Pool’s dividend payout ratio (DPR) is presently 37.47%.
Pool Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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Darden changes leadership at Red Lobster
- Staff South Florida Business Journal
Darden Restaurants announced two new senior leadership changes effective July 15.
Salli Setta, previously executive vice president of marketing for the Red Lobster brand, will become president of Red Lobster. And Dave Pickens, Setta’s predecessor as Red Lobster president, will become the new chief restaurant operations officer for Orlando-based Darden (NYSE: DRI).
There are 13 Red Lobster locations in South Florida. Darden is also owner of other restaurants including Olive Garden.
See the full Darden announcement here.
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It’s not that the recent volatility of the U.S. stock market hasn’t created a ripple effect that worked against — and then for — companies based in other countries, it’s that our wild swings haven’t necessarily been mirrored overseas. In other words, you may have seen a different impact on your portfolio with a few more stocks that aren’t domiciled in the United States.
Some overseas names shrugged off the early-February meltdown, while other global stocks took an even bigger hit, making them big-time bargains now.
To that end (and to shield yourself from future unknowns unique to the U.S. marketplace), here’s a look at nine global stocks you might want to add to your portfolio sooner than later. Doing so adds another level of diversity to your aggregate holdings.
Bonus: A little more exposure to foreign stocks means you’re less subject to any volatility stemming from the United States’ highly charged political environment in place right now.
Global Stocks: Sensata Technologies Holding N.V. (ST)
Sensata Technologies Holding N.V. (NYSE:ST) is anything but a household name. But, if the Netherlands-based outfit were to close shop, plenty of consumers and corporations would eventually notice its absence. Sensata Technologies makes a variety of sensors, including temperature sensors, pressure sensors, airflow sensors and more.
As the Internet of Things era picks up speed at the same time the global economy heats up, Sensata’s well positioned to capitalize on its expertise.
Indeed, we’re already seeing the benefits of this undertow. Last quarter’s organic revenue was up more than 5%, with similar growth rates projected for this year and next. It’s not a red-hot pace, but for an industrial name in a rock-solid line of business, it’s compelling all the same.
Global Stocks: Weibo Corp (ADR) (WB)
It’s been called the Twitter of China, though that’s not a complete definition. Weibo Corp (ADR) (NASDAQ:WB) a blend of Twitter and Facebook, allowing its users to share more about their lives and better organize their social media interactions than Twitter can alone.
Regardless of what its most meaningful comparison is, the company’s results speaks for themselves. Last quarter’s revenue was up 77% year-over-year, extending a long-standing growth streak that’s been just as impressive.
Look for more of the same this year too, spurring an even more impressive improvement in earnings. The 52% increase in sales in store for 2018 should be enough to drive per-share profits from $1.80 last year to $2.76 per share this year.
Global Stocks: LG Display Co Ltd. (ADR) (LPL)
Prepare for an evolution in consumer technology. If it’s got a screen, it’s about to get a much better screen… and that’s saying something, considering how vivid and vibrant the most recent generation of 4K display screens have been.
That evolution, of course, is the mainstreaming of OLED (organic light-emitting diode) screens. Universal Display Corporation (NASDAQ:OLED) is a crowd-favorite way to make a play on the OLED movement, but Korea’s LG Display Co Ltd. (ADR) (NYSE:LPL) has the history, name and the existing partnerships that make it the better bet.
Those who know the LG Display story will know that doesn’t sound quite right. Last quarter’s sales were down 10%, cutting earnings to nearly nothing. Those who know the OLED story very, very well, however, know that we’re at a turning point in the technology’s life, with prices coming down and demand soaring. Now’s the time to get in, while the stock’s trading at less than nine times this year’s expected earnings.
Global Stocks: Mitel Networks Corp (MITL)
Do you think the world’s telecommunication systems are ready to handle the advent of cloud computing and the rise of the Internet of Things? They’re not. But, that’s good news for Canada’s Mitel Networks Corp (NASDAQ:MITL).
And make no mistake… that revolution is around the corner. In a survey it took late last year, Mitel explained that machine-to-people interactions are expected to improve customer experiences, with most of the survey’s participants expecting machine/people interactions within a couple of years.
In the meantime, Mitel announced earlier this month that its cloud customers in Europe alone are now servicing a total of one million users.
Mitel Networks is the shape of things to come, even if you never actually think about what it does to make your life better.
Global Stocks: Wix.Com Ltd (WIX)
The idea of offering easy-to-use website-building solutions isn’t anything new; lots of companies have tried it, with mixed success. Israeli outfit Wix.Com Ltd (NASDAQ:WIX) has arguably proven it can be a viable business model.
Actually, it’s not viable yet. As Lawrence Meyers detailed last week, Wix lost money — again — last year, turning $426 million worth of revenue into a loss of $50 million.
That could change in a big way this year, however. For 2018, the company foresees revenue growth of 40%. Better yet, that should be enough to put Wix.com in the black.
Analysts are looking for a profit of 59 cents per share this year (versus a loss of one cent per share in 2017), leading to earnings of $1.27 per share in 2019. The company just needed a little more scale to get over its hump.
Global Stocks: Anheuser Busch Inbev NV (ADR) (BUD)
Contrary to popular belief, Busch beer — along with Budweiser and Michelob brands — aren’t American products anymore. They’re still made in America for Americans, to be clear. But, since thanks to a series of acquisitions over the course of the past several years, they’re all part of a Brazilian-Belgian conglomeration of several booze brands under the Anheuser Busch Inbev NV (ADR) (NYSE:BUD) umbrella.
Beer aficionados will know that the beer business is changing. The rise of craft beers and microbreweries has chipped away at the dominance of the well-established names.
Anheuser Busch Inbev isn’t not responding though. After several similar moves, the buzz is that it’s mulling a purchase of Craft Brew Alliance (NASDAQ:BREW) as a means of maintaining its relevancy and marketability.
Whatever’s on its pick list, it should be enough to inflate 2017’s projected bottom line of $4.07 per share to $5.10 per share this year.
Global Stocks: Fibria Celulose SA (ADR) (FBR)
The Fibria Celulose SA (ADR) (NYSE:FBR) you know and love today may not be the same one you know and love in the near future. Whispers are circulating that the Brazilian pulpmaker is in talks with Paper Excellence to join forces and create a massive paper pulp outfit. If it happens, the combined companies would enjoy even more pricing power.
And if it’s not Paper Excellence, Fibria may be close to teaming up with papermill Suzano.
That deal would materialize at a time when paper pulp prices are on the rise anyway, augmenting a tailwind driven by higher pulp prices. Fibria Celulose swung back to a profit last quarter thanks to a stronger pulp market (and with a little help from the currency market), tripling its EBITDA on a year-over-year basis.
Global Stocks: Atlassian Corporation PLC (TEAM)
When investors think of major technology companies, they tend to think of U.S. outfits like Apple Inc. (NASDAQ:AAPL) or China’s Alibaba Group Holding Ltd (NYSE:BABA). British companies generally don’t factor in.
But, maybe they should, in light of U.K.-based Atlassian Corporation PLC (NASDAQ:TEAM).
In simplest terms, Atlassian offers collaboration and project management platform that’s not only easy to use, but easy to adopt. Baird analyst Rob Oliver explains “what Atlassian is doing is trying to address how a world might look post-Microsoft Office. Their revolutionary product addresses this big problem – how to collaborate effectively in teams. It’s no accident their stock ticker is TEAM.”
Customers love it too, if last quarter’s revenue growth of 43% is any indication of how well it’s clicking with customers. Earnings were up 44%.
Global Stocks: Mercadolibre Inc (MELI)
Last but not least, add Argentina’s Mercadolibre Inc (NASDAQ:MELI) to your list of global stocks to buy as a means diversifying your portfolio.
In simplest terms, Mercadolibre is the eBay of South America, offering an online auction marketplace to market where eBay isn’t firmly present. Make no mistake though. Mercadolibre is the real deal. It’s third-quarter revenue was up 61% year-over-year, and between last year’s growth streak and plenty of enthusiasm from the analyst community, MELI shares more than doubled in 2017.
Investors with their fingers on the pulse of the e-commerce market will likely know Amazon.com, Inc. (NASDAQ:AMZN) is eyeing a deeper penetration of the Latin American market, posing a threat to Mercadolibre’s market share there.
It’s not a massive concern though. Not only has Amazon not done well outside of North America — its foreign e-commerce efforts have not only struggled, but are losing more and more money — it’s not captured nearly enough market share to prove disruptive for any existing player. Indeed, it’s been speculated that Mercadolibre could actually be an Amazon acquisition target.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley.


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Apple has been reportedly in discussions with China's BOE Technology Group Co. to supply next-generation displays for future iPhones, a key component that's being provided by a Samsung Display.
Apple's been testing BOE's active-matrix organic light-emitting diode screens for months but hasn't decided if it'll add the Chinese company to its roster of suppliers, Blooomberg's sources said.
BOE is spending close to 100 billion yuan ($14.5 billion) building two AMOLED plants in the southwestern province of Sichuan in anticipation of future business.
Talks are at an early stage and it's unlikely to supply the next iPhone, which is expected to launch this fall.
For the upcoming models, Apple has reportedly ordered the majority of OLEDs needed for the new iPhons from Samsung Display.
The display is one of the most expensive components of a smartphone. The world's four biggest suppliers of smartphone displays -- Samsung Display Co., Sharp Corp., LG Display Co. and Japan Display Inc. -- are said to have insufficient capacity to equip all new iPhones this year, a constraint that may persist into 2018.


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Howard Tenens has climbed into the saddle with Ariat Europe, after it signed a five-year contract with the equestrian footwear and clothing brand. Ariat chose to outsource its logistics operation to a third party in order to focus on and expand its core business, and awarded Howard Tenens the deal after a “thorough” selection process. Howard Tenens’ work for Ariat Europe will include picking and packing both internet and standard orders, warehousing space for 4,000 Ariat pallets and up to […]
Toy retailer The Entertainer has renewed its tracked parcel distribution contract with City Link, quadrupling the amount of parcels it handles for the company. City Link has held the contract for eight years and will manage the retailer’s next day deliveries out of its Bicester, Oxfordshire, depot. “We are delighted to have been appointed the sole carrier for The Entertainer, especially as our tender focused purely on the service we were already providing,” said Tim Brown, sales and marketing director […]
TNT Express has secured a three-year contract renewal with Volvo, covering the delivery of parts to factories and aftermarket dealers across Europe.


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Alibaba's Jack Ma is now China's Richest Man, Surpasses Wanda's Wang Jianlin: ForbesAlibaba's Jack Ma has surpassed Wanda Group Chairman Wang
Jianlin as the richest man in China, according to estimates by Forbes.
The chairman of China's e-commerce giant was worth $30.9 billion compared with Wang's $30.7 billion as of Friday (May 12). So far, Ma's fortune has gained from an over one-third increase in Alibaba's share price. To illustrate, Alibaba's trading fell to just below $70 in 2016, but its stock closed at $120.34 in New York last Friday.
Alibaba also holds the record as the biggest public stock offering in the world for its IPO in 2014 in New York. Its stock gain also benefitted Japanese firm Softbank Group and Yahoo, which hold a 32 per cent and 15 per cent stake respectively, in the company.
China's list of wealth rankings has been topped by either Ma or Wang these past few years. In fact, the real estate tycoon Wang and his son Wang Sicong recently topped the 2017 New Fortune 500 rich list, published last May 9 by New Fortune magazine. Although they remained on top and recorded a personal wealth of $25.99 billion, their fortune slipped by 9.5 per cent from $29 billion in 2016. Ma, on the other hand, increased by 24.3 per cent.
Forbes noted that the list could potentially see another shakeup, after a run-up in the stock price of Tencent Holdings, owner of WeChat messaging platform. As of Friday, Ma Huateng, Tencent's CEO, was worth $29.7billion.
Meanwhile, the development of the capital market in China has boosted the A-share market to become a main rich maker in the mainland. In 2003, nearly half of the rich people's listed companies were listed on overseas stock exchanges, but that figure dropped to nearly half (27 per cent) in 2012. Source: CHINA TOPIX – Photo: Jack Ma, Executive Chairman of Alibaba Group speaks on stage at the closing session of the Clinton Global Initiative 2015 in New York City (Getty Images).


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Initially, the court cases were ongoing and a number of settlements were agreed upon. In one of the more high-profile cases, a settlement was announced between Procter & Gamble, one of the largest manufacturers of hair relaxers, and three plaintiffs who accused that their products caused scalp injury. However, the terms of the settlement were not disclosed. But it is believed to include an undisclosed sum as compensation for the claimants’ injuries.
February 16, 2023
Apparently, it was reported that an additional 11 hair relaxer product liability lawsuits had been filed in federal courts, with seven of these cases filed in the Northern District of Illinois and the remaining four in other districts, all of which will be transferred to the new Hair Relaxer class action MDL.
Evidently, the Hair Relaxers Lawsuits have had a significant impact on both the industry and consumers alike. With many companies reformulating their products in order to avoid further litigation, consumers now have access to safer alternatives when it comes to hairstyling products. Additionally, these legal battles have also highlighted how important it is to be aware of the safety and efficacy of the ingredients found in any product you choose to use.
February 7, 2023
Also, the JPML issued an Order to centralize all hair relaxer cancer lawsuits in federal courts into a new class action MDL in the Northern District of Illinois in Chicago. This mass tort will begin with approximately 60 pending cases from various districts across the country. Further, it will be presided over by Judge Mary Rowland, who was appointed as a full District Court Judge by President Trump in 2019. While some may express concern about a Trump nominee, Judge Rowland had widespread bipartisan support for confirmation and is expected to be a fair and impartial judge.
February 5-6, 2023
Expectedly, the JPML Panel approved the hair straightener class action lawsuit, and all federal hair relaxer lawsuits will now be housed in Illinois.
On February 5, it was revealed that the Environmental Protection Agency (EPA) had decided to regulate certain phthalates. These are chemicals found in hair relaxer products, such as DINP. Futher, these are believed to increase the risk of uterine and ovarian cancer.
February 1, 2023
Finally, on February 1, it was reported that seven new hair relaxer product liability lawsuits had been filed in federal courts across the country, adding to the 23 lawsuits filed in January. A ruling from the JPML centralizing the hair relaxer cases into a new class action MDL is expected soon.


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Sign-up to a data breach claim today - use our quick and easy form to begin your claim for thousands of pounds in compensation.
A recent fault in the Airbnb website has provoked worries among property hosts, who noticed a login failure that reportedly directed users to the message inboxes of other hosts. The Airbnb data glitch appears to have only been brought to the attention of the company by their users, who discussed the issue on a Reddit forum.
A popular accommodation rental marketplace for holidaymakers, Airbnb downplayed the glitch, and the amount of affected hosts was not immediately confirmed. But such a glitch is concerning as it can expose private and personal information. This can raise fair questions over the security of the company’s systems and its adherence to data protection regulations.
While Airbnb said that the glitch was a small-scale, stand-alone incident, at Your Lawyers – The Data Leak Lawyers – we know that even seemingly elementary errors can be disastrous. If an organisation ever fails to sufficiently protect your data, they may have breached the GDPR, and you could be entitled to claim compensation.
Airbnb issued the following statement in response to the breach:
“On Thursday, a technical issue resulted in a small subset of users inadvertently viewing limited amounts of information from other users’ accounts. We fixed the issue quickly and are implementing additional controls to ensure it does not happen again.”
The implied scale of the breach in this statement appears to be at odds with media reports from people who say they are affected hosts, with one claiming that users could access the inboxes of, “hundreds of other hosts”. One Reddit user also reported that they could see messages giving details of “people’s addresses and the codes to get in their homes”, fearing that other users could view the same details in their own inbox.
Airbnb have stated that the problem was isolated to their website and did not affect the mobile app, but it remains unclear how the issue had arisen in the first place.
Hosts have since reported that the Airbnb data glitch has been fixed, but the window of opportunity could have allowed for the theft and misuse of users’ personal information. The exposure of addresses and entry passcodes could potentially allow break-ins to the affected properties, or these details could be published and/or sold online.
A further but unrelated glitch was later revealed, in which the Airbnb system reportedly deactivated users’ accounts and cancelled bookings. While this incident did not involve data exposure, it does raise more concerns about the effectiveness and security of Airbnb’s computer systems. Indeed, Airbnb reportedly asked users to simply delete their cookies following the glitch, which appears to represent a very basic response to a potentially substantial data security matter.
At Your Lawyers – The Data Leak Lawyers – we believe that data security incidents such as the Airbnb data glitch should never be played down. We have years of experience in this niche area of law and have helped many clients to claim compensation for the losses, expenses and distress that have arisen from data leaks.
For data breaches in England and Wales, our team can offer free, no-obligation advice here.
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Aldi supermarket coming to Totowa, real estate firm says
The Aldi supermarket chain continues to make its push into New Jersey as it has signed a lease to open a location in Totowa Square, real estate firm Katz & Associates announced.
The German discount supermarket chain signed a lease for a 25,000-square-foot location at the former site of the Toys R Us store along Route 46, the firm's website says. It does not give an expected opening date.
Aldi Center Valley Division Vice President Bob Grammer "did not have any updates" regarding a potential location in Totowa.
The Toys R Us that previously occupied the lot closed in June 2018 along with most other locations after the iconic toy store chain closed its doors for what appeared to be for good. One year after liquidating its U.S. stores, former Toys R Us executives announced in February that the retailer has emerged as a company called Tru Kids Inc., and will be doing business as Tru Kids Brands.
The co-tenants joining Aldi in the lot will be Hobby Lobby, Bob’s Stores, Avenue and Harmon Discount Beauty Supply, the firm says.
Aldi also has North Jersey locations in Clifton, Lodi, East Rutherford, Bloomfield and Hackensack.
Aldi operates small, limited-assortment stores stocked largely with its own private labels. It is expanding aggressively in New Jersey and has a head start on its chief rival, Lidl, another German discount chain, which recently opened several New Jersey stores.
Anthony Zurita is a breaking news reporter for NorthJersey.com. For unlimited access to all the major news happening in North Jersey, subscribe here. To get breaking news directly to your inbox, sign up for our newsletter.
More local news
Election Day 2019:What you need to know before you vote


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Two Cork entrepreneurs have launched Buyandsellyourgames.com to let people set their price when selling their old video games and to buy used games online.
Husband and wife and site co-founders Chris and Kay Lentzy came up with the idea for the site when Kay found that, when she tried to exchange their children’s old games, she needed to trade in five old games for one second-hand game.
They launched Buyandsellyourgames.com as an online platform in which gamers can set their own prices and to buy used games from other sellers.
More than 200 gamers from eight countries have accounts on the site and the couple expects this to expand as the site rolls out over the coming months.
The site charges 12.5pc commission for using the site, but allows users to price the games they sell. It also holds free monthly draws, entering anyone who buys or sells a game into the draw for a chance to win a new game each month.
“Buyandsellyourgames.com will be a one-stop shop for gamers all over the world,” said Chris.
“The overall premise of the site is that it brings buyers and sellers together and allows them to buy video games for less and sell their old ones for more, so it really is a no brainer.
“We advise people to set a price between what the games shop offers and what they can potentially sell for. So if someone is offered €4 in the games shop who then sells it on for €12, we recommend that it be sold on Buyandsellyourgames.com for €8. That’s a win-win for buyer and seller,” he said.


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Don't mourn it, but be aware that the firing of Eckhard Pfeiffer ends the PC-driven era in computing. Whatever doubts you had should have vanished last month when Compaq dumped its CEO and moved to accelerate its transition to an enterprise computing and Internet company. Swallowing Tandem and Digital was obviously more difficult than anticipated.
Not that Compaq is alone in the post-PC disarray. IBM reported $US1 billion in losses on its PC business. The scary truth is that selling PCs directly will likely be the endgame for all.
How smart does Sun Microsystems look now? Very! After all the bashing the company took for its Unix-only strategy, Sun's focus and flexibility have paid off.
Its enterprise server initiative is succeeding, with 40 per cent of Starfire servers sold through the channel. Sun's stock is flying high, and its channel growth continues at 30 per cent annually. Even the at-first puzzling lash-up with Netscape and America Online now looks very smart indeed.
At Sun's recent Executive Alliance Summit, COO Ed Zander defined the new reality:
The Web is everywhere - and always on;
Services, not products, are key; and
This is a post-PC, post-proprietary era.
Sun's CEO Scott McNealy ended the meeting with a sobering wrap-up: brace for the rise of the application service providers. End users will get their high-tech stuff (ERP, general ledger, CRM - you pick the functionality) over a "Web-tone switch". Better buddy-up with these folks or become one fast, he says. He's right! This has big implications for Sun - which derives 60 per cent of its revenues from the channel - and for all of us.


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The protest planned by black-cab drivers against the start up taxi ordering service Uber could cost London’s economy £125m.
The demonstration, organised by the Licensed Taxi Drivers Association, is expected to cause traffic gridlock in the capital on Wednesday afternoon.
Based on data from the Centre of Economics and Business Research (CEBR), the £125m takes into account the direct costs (fuel and lost time) and indirect (an increase in the costs of goods and services). The figures were collected by Kabbee, a rival in the competitive taxi app booking space.
A quarter of London’s minicab drivers are also predicted to avoid the chaos by not going to work, resulting in these drivers taking a collective hit of £2.4m in lost income.
The shortage of black cabs and minicabs is likely to result in extra demand and higher prices which could cost cab loving Londoners an extra £2.5m collectively.
Black-cab drivers have taken Uber to task over whether it complies with laws on the use of taximeters in the capital. It’s the latest in a string of run-ins with taxi industries in a number of countries for the four-year-old American start up .
Uber CEO Travis Kalanick referred to the taxi industry as an “asshole” at a recent event, saying: “We’re in a political campaign, and the candidate is Uber and the opponent is an asshole named Taxi. Nobody likes him, he’s not a nice character, but he’s so woven into the political machinery and fabric that a lot of people owe him favors.”
The troubles have not put off investors however, with Uber valued at $17bn after securing a new round of funding last week.
Update: This story was amended to clarify the £125m figure was calculated by Kabbee using previously published data from the CEBR.


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Popular Twitch steamer, xQc, faces yet another ban following a glitch exploit in the NoPixel GTA RP server; apologizes after the incident.
New theory about the ban of Dr Disrespect from Twitch resurfaced Jeff says that Doc may have used his Mixer deal to extract a better contract.
Players can receive the new LazarBeam skin from the Fortnite Icon Series by placing high on the Lazar & Fresh’s Super Knockback tournament.
Shroud tries out Valorant's latest Controller Agent in Astra with the help of a developer's build provided by Riot Games.
Nintendo offered Animal Crossing: New Horizons player a variety of Mario-themed items and the Hovering Blocks prove to be the most useful.
Fortnite Season 6 is set for 16 March. Data Miner Mang0e reveals some unfinished leaks that show powerful NPCs controlling vehicles in 15.40.
Numerous players have discovered a new glitch or issue in Destiny 2 that allows players to bring around 12 players in a Raid Fireteam.
Fortnite pro Clix was recently banned from Twitch. He's back on the platform and has finally revealed the reason behind the suspicious ban.
Call of Duty Mobile's tweets are giving out more information than they might intend to. Read on to find out the new AR coming in S2...
Rainbow Six developers revealed more details about the upcoming Crimson Heist update with new operator Flores and a new gun Gonne-6.


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Amazon CEO Jeff Bezos has reached a net worth of $100 billion — it's enough this holiday to buy over half a billion Echo speakers or pay the yearly subscriptions of more than 670 million Amazon Music Unlimited accounts.
The online retail mogul this week surpassed Bill Gates on the Bloomberg Billionaires Index, advancing almost $11 billion past the Microsoft co-founder. He can thank Black Friday sales for helping Amazon shares to jump more than 2 percent and online holiday sales to increase by more than 18 percent since last year, Bloomberg reported.
The 53-year-old businessman is the first person to reach a net worth of over $100 billion since Gates in 1999, according to Bloomberg. Gates was the world's richest person prior to Bezos' climb and is now worth almost $90 billion.
Bezos has surpassed Gates before — but only briefly. In July, Bezos' net worth was $90.6 billion. Gates trailed behind at a net worth of about $500 million less.
At the beginning of the year, Bezos cracked the top four, surpassing Inditex founder Amancio Ortega and U.S. investor Warren Buffett at the time. Due to Amazon's profitable success this year, brought on in part by the merger with grocer Whole Foods, Bezos shot to the top of Bloomberg's index.
Just this week, Bezos rose another $2.4 billion, which gave him the final push to reach the 12-figure net worth.
Questions, meanwhile, continue to swirl regarding how else Bezos plans to use his wealth; he acquired The Washington Post in 2013 for $250 million. Gates, along with Buffett — who occupies the third slot on Bloomberg's list of richest people — have both given significant amounts of their wealth to charity.
Gates donated 5 percent of his net worth to charity this year, which may have made it easier for Bezos to breeze past him. Bloomberg calculated that Gates would have a net worth of about $150 billion if not for donating large portions of his wealth to charitable causes.
Bezos has been giving away Amazon shares worth about $500 million every year since 2002. However, just in June, Bezos sent out a tweet requesting ideas on how to make sure his "philanthropic activity" is "helping people."


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Dying Light was expected to come out this year, but today Techland and Warner Bros. has announced it will be delayed to February 2015. In the official statement the Dying Light team had this to say “We know you’ve been waiting on a Dying Light release date for quite some time now. After careful consideration, we have decided to release our upcoming game in February 2015. Since this means Dying Light will launch a few months later than originally planned, we feel obliged to explain the reasons that influenced this important decision.”
They also said they will have an additional announcements: starting next month at E3 2014, and will be telling gamers much more about all the exciting features and different aspects of Dying Light. The game will release on PlayStation 3,PlayStation 4, Xbox One, Xbox 360 and PC.


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Electronics Watch highlighted in UK Government Modern Slavery Statement
The much awaited UK Government's Modern Slavery Statement published recently highlights the work they are doing with Electronics Watch to tackle modern slavery in their ICT hardware and electronics supply chains.
The UK Government spent around £6.5 billion on ICT (including services and software) in 2018/19. The statement covers ministerial departments, HMRC, non-ministerial public bodies and executive agencies where spend is reported centrally. Their procurement of ICT hardware is complex, and there is "limited visibility of the supply chains... [with] multiple levels of sub-contracting for the raw material extraction, component manufacturing, assembly and logistics", the statement affirms.
ICT hardware and electronics is one of the two areas with "the most severe, salient and strategic risks" of modern slavery across departments. The Government outlines its collaboration with Electronics Watch as part of its goal to uncover exploitation and develop sustainable solutions in these areas.
The statement cites cases where Electronics Watch engagement has helped drive remediation in government supply chains, including reimbursement of recruitment fees and related costs; ensuring workers have full access to their identification documents; and ensuring overtime is only undertaken on a voluntary basis.


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What you need to know
- The Galaxy A71 5G headed to Verizon will apparently feature the Snapdragon 765 chipset.
- In South Korea, the Galaxy A71 5G is powered by Samsung's in-house developed Exynos 980 chipset.
- The Verizon variant of the Galaxy A71 5G is expected to go on sale by late June or early July.
Samsung launched its 2020 lineup of A-series smartphones in the U.S. last month, including the mid-range A51 5G and A71 5G. While the international variants of the Galaxy A51 5G and A71 5G are powered by an Exynos 980 chipset, a new report from XDA Developers claims the Verizon-bound variant of the A71 5G will be powered by Qualcomm's 7nm Snapdragon 765.
The Galaxy A71 5G has been listed as the "samsung_a71xq" on a publicly accessible database of upcoming Verizon devices. Interestingly, the "x" in the device codename means it is 5G-enabled, while "q" means it is powered by a Qualcomm Snapdragon chipset. Since the Snapdragon 765 and 765G are currently the only upper mid-range Qualcomm chips to have an integrated 5G modem, it is likely that the Galaxy A71 5G headed to Verizon will have a Snapdragon 765 under the hood. The same information has also been corroborated by Samsung's FOTA testbed and some Geekbench listings.
The Galaxy A71 5G will apparently be available unlocked as well as through Verizon in late June or early July. As confirmed by Samsung last month, the phone is going to be priced at $599 in the U.S. Since the Pixel 5 is rumored to be powered by the same chipset, the A71 5G could prove to be a great alternative to Google's "premium" mid-ranger.
Samsung Galaxy A71
Samsung Galaxy A71 is one of the most impressive A-series phones that the company has launched so far. It offers a fantastic 6.7-inch AMOLED display, an impressive 64MP primary camera, and excellent battery life with 25W fast charging.
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Inflation's decline -- its impact on wage-earner, taxpayer, investor
The sharply reduced inflation rate the United States is now enjoying will have a pronounced effect on consumers' pocketbooks and bank accounts, economists say.
While it lasts, the lower inflation will cut individuals' tax bills, boost the value of pensions and wages, and sweeten the return on savings and investments.
''Taxpayers, people on fixed incomes, investors, and workers are all beneficiaries of the lower rate of inflation we now enjoy,'' says Martin Feldstein, chairman of the President's Council of Economic Advisers.
Of course, lower inflation does not help everyone. For instance, some individuals have purchased homes, expecting prices to keep rising rapidly. They were hoping to repay loans with cheaper, inflation-eroded dollars.
''It is basically (borrowers) who might suffer'' from a sharp reduction in inflation, because their investments won't rise in value as fast as they expected, says Ted Gibson, senior economist at Crocker National Bank in San Francisco.
Reduced inflation was evident in March, when consumer prices rose only one-tenth of 1 percent, after adjustment for seasonal factors. During the first three months of the year, prices were rising at a rate of four-tenths of 1 percent, the slowest climb for any quarter since 1965.
Individuals are starting to adjust to the reduction in inflation. The perception of more stable prices ''is beginning to sink in,'' says Sandra Shaber , senior economist with Chase Econometrics, a economic forecasting firm.
One sign of this awareness is that consumer confidence jumped in March by the largest amount in nine years, according to the Conference Board, a business research organization.
And not only were consumers more confident about their present economic conditions, but their expectations for the future were at the highest level in the survey's history. For example, some 23 percent of the 5,000 households surveyed thought their family incomes would rise in the next six months.
For the year as a whole, however, lower inflation is not likely to help real, or inflation-adjusted, household incomes as much as it has in the past couple of months. ''We know that zero inflation cannot last forever,'' President Reagan told a news conference Friday.
Economists agree. ''The current numbers probably understate the underlying inflation rate,'' Mrs. Shaber notes. The current consensus among forecasters is that inflation will rise about 3.5 percent for 1983 as a whole.
One reason the inflation rate will climb somewhat is that energy costs will probably rise somewhat, says Crocker Bank economist Gibson. The imposition of a 5-cent-a-gallon increase in federal gasoline taxes in April and an end to the rapid decline in world oil prices will edge energy prices upward, he says.
And food prices have already started to climb because of bad weather in crop-production areas in California. In March, food prices rose six-tenths of 1 percent, the biggest increase among the seven major price categories the government tracks.
The government's program to pay farmers for not planting crops ''is going to have an effect on food prices six or nine months down the road,'' adds Robert Wescott, an economist at Wharton Econometric Forecasting Associates.
Still, the 3.5 percent inflation rate expected for 1983 is a major improvement over 1981's 8.9 percent hike in prices, and compares favorably with the 3.9 percent jump in prices during 1982.
The reduction in inflation will be clearly felt in consumers' tax bills, since inflation forces individuals into higher income brackets, which means higher taxes.
Consider a family which had a 1980 income of $20,000 and managed to keep its income rising enough to just offset inflation through 1984. If inflation had continued at its 1980 rate of 12.4 percent, the family would have ended up paying 19 percent more federal income tax than under the inflation rates now expected through 1984, Mr. Feldstein recently told the Congressional Joint Economic Committee. And that 19 percent hike is after adjusting for the fact that the taxes would have been paid in inflation-cheapened dollars.
Tax brackets are slated to be indexed for inflation in 1985, if Congress does not abandon the plan before then. ''But a family would never make up for the bracket creep during 1980 through 1984,'' Mr. Feldstein notes.
Slower inflation also eases the plight of individuals living on fixed incomes such as private pensions. For example, if inflation had continued at its 1980 rate through 1984, prices would be 27 percent higher than the Reagan administration now expects them to be. So a family with a typical fixed income of $15,000 would have found itself over $3,200 worse off in purchasing power than it is now likely to be, Mr. Feldstein claims.
Statistics suggest that, after an initial delay, workers find their real (inflation-adjusted) incomes rising during periods of declining prices. One reason for this is that salary hikes are not eaten up by inflation. And, again, there is less chance of being pushed into a higher tax bracket.
From the start of 1978 through the third quarter of 1981, real wages fell as inflation continued to rage. But in 1982, with inflation on the decline, real wages rose over 2 percent. In January 1983, for the first time in two years, real wages were higher than they had been a year before.
Of course, the reduction in inflation that helped make higher real wages possible was achieved at a terrible cost in unemployment. Lower inflation improves real income ''only for those who still have sources of income,'' Mrs. Shaber notes.
Even though interest rates on savings often fall as inflation declines, the real return on savings and investments can improve because of tax consequences. For example, dollars held in a money-market account now might return 8 percent interest. So a person in a 30 percent tax bracket would get to keep 70 percent of that interest, or 5.6 percent. After subtracting a 4 percent inflation rate, the real return would be 1.6 percent.
By contrast, if inflation were 10 percent and a person earned a 4 percent return, his pretax interest rate would be 14 percent. After tax at 30 percent, he would keep 70 percent of the return, or 9.8 percent. So the rate he earns is less than the rate of inflation, Feldstein notes.
Nevertheless, a lower inflation rate leaves much to be desired, notes Sen. Roger Jepsen (R) of Iowa, chairman of the Congressional Joint Economic Committee Chairman. ''Falling inflation does not put any money in your pocket - it just takes it out more slowly.''


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Chef Siu gets cooking at Kauai Beach Resort
Lihue, Kauai » Chef Russell Siu will prepare the first dinner in a series of culinary events celebrating Hawaii’s regional cuisine at Kauai Beach Resort this week.
The Hawaii Culinary Masters Dinner is set for Saturday at the resort. Siu is executive chef and co-owner of Oahu’s popular restaurant 3660 on the Rise.
An interactive and educational cooking demonstration is set for 4 p.m. at Shutters Lounge featuring Siu and his award-winning Lacquered Salmon with Pickled Maui Onions and Yuzu Butter Sauce. Cost is $45 per person plus tax and gratuity.
A four-course dinner with wine pairings will be served at 6:30 p.m. in the Plumeria Room. Cost is $75 plus tax and gratuity per person.
For more information about Kauai Beach Resort, call 245-1955 or visit www.kauaibeachresorthawaii.com.
PCC visitors get chance to climb with the coconuts
April visitors to the Polynesian Cultural Center will be offered an extra lesson in native practices: climbing coconut trees.
The "Go Native!" promotion at the center introduces a new activity every month celebrating several traditional Polynesian aspects of daily life, including games, crafts, cooking and ceremonies.
For more information, visit www.polynesia.com.


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The Danish government has decided to transform the entire country’s agriculture into organic and sustainable farming.
Their country’s national organic brand has been in business for 25 years, making it one of the oldest organic brands in the world.
Plus, the Danish government is working in multiple ways to convert the entire country’s agriculture into organic and sustainable farming.
The federal government invested a lot of money to this idea and so far Denmark has shown its love to organic food. As part of the plan, government land will be cultivated using organic and biodynamic methods only. The government will also support and finance people working and investing in this sector to develop new technologies and ideas.
The federal government has 2 primary angles of implementation: one is to turn traditional farmland into natural, while the other is to promote increased need for organic products.
Federal government will support and fund those working and investing in this sector, to establish brand-new technologies and concepts that help promote growth.
The first organic target is the organic food to be served in schools and healthcare facilities. We will commit ourselves to, among other things, have more organic items on the menu in canteens, hospitals and daycare institutions,” Food and Agriculture Minister Dan Jørgensen said. “We want to raise the level of consciousness that children and young people have about organics, and through the ongoing educational reform we are improving education in organic farming and production in science classes and in the new classes about food,” says Minister of Education Christine Antorini.


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The 506 Israeli companies with offices in New York pumped a whopping $18.6 billion into New York states economy in 2018. The number increase to $33.8 billion when factoring spending on goods and services. This accounts for 2.02 percent of New York states GDP. In addition, the 506 Israeli companies directly or indirectly account for the employment of 27,502 New Yorkers.
This is who the pro-Palestinian Left wants America to boycott. Has anyone ever asked supporters of the BDS Movement to explain how a state such as New York will get this money pumped back into their economy? Has anyone ever asked about the 27,000 plus New Yorkers who would lose their jobs should Israel ever be boycotted? Probably not.
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Israel-founded firms ‘making impact’ in New York State economy
506 companies in New York directly contributed $18.6 billion in revenue in 2018; overall economic benefit represented 2.02% of state’s GDP, study shows
By Shoshanna Solomon, June 26, 2019:
Israeli-founded companies are making a “substantial impact” on the New York State economy by generating significant revenue and hiring New Yorkers, according to the findings of a study released by the New York – Israel Business Alliance.
The independent study, released Tuesday, showed that Israeli-founded companies in New York directly contributed $18.6 billion in revenue in 2018. The economic benefit to New York jumped to $33.8 billion when factoring in additional spending on goods and services in the local economy, representing 2.02% of the state’s Gross Domestic Product.
The 506 Israel-founded companies in New York State directly employed 24,850 New Yorkers and indirectly employed 27,502 when accounting for the additional demand for local goods and services, the study said.
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