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Electronic and electric auto components manufacturer Flash Electronics India has filed a lawsuit against Royal Enfield in the United States of America alleging patent infringement by the two-wheeler maker with regard to the production of the regulator-rectifier device, a key component used in motorcycles.
The regulator-rectifier converts the AC (Alternating Current) voltage produced in motorcycle engines into DC (Direct Current) voltage to charge the batteries, power the headlights and light up the instrument panel, driving the motorcycle's electrical systems.
According to the lawsuit filed, Royal Enfield has infringed Flash Electronics' patent on "Regulator Rectifier Device and Method for Regulating an Output Voltage of the Same", issued by the United States Patent and Trademark Office (USPTO) to the electronic and electric auto components manufacturer on February 20, 2018.
Flash Electronics India has claimed that its research and development department had invented regulator-rectifier device in 2014, following which the company has been manufacturing and supplying the component to two-wheeler companies in India and abroad.
"Flash Electronics is a responsible and mature member of the automotive community, manufacturing cutting edge engineering products since decades and is recognized on a global automotive front for its strong in-house R&D capabilities. We have been trusted suppliers to leading auto manufacturers across India and overseas and it's unfortunate to have to deal with such an unexpected and unprecedented act on the part of Royal Enfield, one of the most prestigious names in the automotive sector. This incident is highly objectionable and has dented the credibility of the brand, at least with us as a partner," Flash Electronics India Founder and Managing Director Sanjeev Vasdev said in a statement.
"The company was approached by three senior officials of Royal Enfield on 12th October 2018 in New Delhi to settle the issue amicably and requested Flash not to file any suit on the matter. Flash waited for the outcome of this meeting but Royal Enfield did not address the issue," Vasdev added.
Commenting on the development, Royal Enfield said that it has been working with various suppliers for over 60 years, in a manner that meets all legal and regulatory requirements.
"Even though no official communication has been received, we have learnt of a lawsuit filed in the United States of America by Flash Electronics Pvt Ltd that alleges that one of the components used in some of our motorcycle models sold in the USA infringe on the plaintiff's registered patent," Royal Enfield said in a statement.
"We would like to clarify that the said component is supplied to us by an external, proprietary supplier, which independently develops and owns the IP rights in the said component. The supplier denies plaintiff's claims vehemently," the two-wheeler maker said.
Royal Enfield is evaluating the issue "internally" and "seeking legal advice" from its US counsels.
Flash Electronics has been granted a patent in several countries, including European nations like Germany, France, Italy, United Kingdom, the Netherlands, Sweden, Spain, Austria, Switzerland and Turkey, the company has claimed. According to the company, it will soon file similar suits in the respective jurisdictions.
Vasdev said that Flash Electronics "will take all necessary action required across the world" to ensure that Royal Enfield "stops infringing the patent and pays compensation" for the violation which would run into millions of dollars.


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UK fintech start-up Revolut raises $66 million, adds bitcoin
The “global banking alternative” Revolut has raised $66 million in a fund-raising round, the start-up said on Wednesday, in the latest sign that London is so far weathering Brexit to remain a global financial-technology center.
Led by Europe- and San Francisco-based venture capital fund Index Ventures, the fund-raising round was one of the biggest ever Series B rounds in Europe. It should provide some comfort to the British capitol as it jostles to hold onto its reputation as Europe’s leading hub for the nascent fintech sector.
The investment dwarfs the 19.5 million pounds ($25 million) raised by London-based rival Monzo in its Series B round earlier this year.
Revolut, which has around 700,000 customers, over 400,000 of them based in Britain, provides payment cards that can be used abroad to pay for goods and services at the exchange rate used by banks anywhere that Mastercard (MA.N) is accepted.
Other start-ups, such as Monzo and Germany’s N26, offer similar products, but Revolut says it is distinctive in offering interbank exchange rates, zero-fee international money transfers, and in allowing customers to hold and exchange up to 16 different currencies in their app-based accounts.
To read more, please click on the link below…

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Windows, and particularly Windows 8 tablets, won't be a major factor until at least 2016, according to an online report.
Apple and Samsung will return on Thursday to the San Jose courtroom where they battled over cell phone patents earlier this year, and Apple subsequently won damages of $1.05 billion.
China Mobile, the country's largest mobile carrier, will develop its own company-branded handsets, while hoping to eventually strike a deal with Apple for the iPhone.
Although Google's Android has made some impressive leaps forward over the last two years, roughly half of its users aren't seeing those improvements because 50.8 percent of Android devices are still running Android 2.3, known as Gingerbread.
Android sales have declined in the U.S., helping iOS regain the top spot among smartphone platforms sold in the three-month period ending in October, according to the latest research from Kantar Worldpanel ComTech.
Mobile network operator Orange will install Lookout's Mobile Security application on some of the Android-based tablets and smartphones it distributes starting in 2013, aiming to protect millions of subscribers in the first year alone.
Apple's patent license agreement with HTC will not be put entirely under seal, except for the pricing and royalty terms, a court in California ordered in a patent infringement lawsuit between Samsung Electronics and Apple.
Samsung's Galaxy S4 and Note 3 could be the first smartphones to market with flexible displays.
Apple is seeking to add six Samsung products in a patent infringement lawsuit between the electronic giants scheduled to start in U.S. District Court for the Northern District of California in March 2014.
Although Google and Microsoft don't exactly get along, that hasn't stopped Skype from updating its Android app with tablet support and improved audio quality.
Lenovo, already China's top PC seller, is expected to take the title for the country's top smartphone vendor in 2013, Gartner said.
Phase one of a patent trial between Microsoft and Motorola Mobility has concluded in Washington state, and the presiding judge will now try to calculate what he thinks is a fair royalty rate for Motorola's patents.
China's largest search engine Baidu said on Monday the company would provide 30GB of free cloud storage to Android devices built with certain Qualcomm chips, in what's the latest move by the company to carve out a presence in the country's mobile ser...
Sony has launched a new photo-sharing service for Android phones that stores all data locally on users' handsets, in an attempt to ease the privacy concerns that come with online services.
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- Rajasthan Royals for.4 suresh raina ipl crore. The two-day event saw 10 franchises bidding for a total of 600 players.
MI, capped 200 3 1, cummins, australia, kKR, capped 200 4 1, de Kock. There were list of players in ipl auction 2022 217 spots open in the 10 squads, of which 204 were.
Will play for SRH Lock in Ferguson bought it for. The full list of players sold and unsold at the 2022, iPL player auction list of players in ipl auction 2022 in, bengaluru.
IPL 2022 Auction: Full List Of Players And Their Base PricesDominic Drakes - Gujarat Titans for.10 crore. IPL, mega, auction list of players in ipl auction 2022 : bcci released the full list of players set to go under tata ipl 2022 schedule the hammer in the Indian Premier League (.
Aiden Markram - SRH for.6 crore. Dushmantha Chameera - Lucknow Super Giants for Rs 2 crore. Luvnith Sisodia (Base price INR 20 lakh) sold. IPL ) 2022. archer ipl mega auction scheduled to take place on February 12 and 13 in Bengaluru.
Simarjeet Singh - CSK for Rs 20 lakh. Shivam Dube, simarjeet list of players in ipl auction 2022 Singh,. Fabian Allen (Base price INR 75 lakh) sold. The Indian Premier League (.
Manan Vohra - Lucknow Super Giants - Rs 20 lakh. IPL ) 2022, list of players in ipl auction 2022 player, auction list is out with a total of 590 cricketers set to go under the hammer during the two-day mega auction which will take place in Bengaluru on February 12 and 13, 2022.
Shivam Dube - CSK for Rs 4 crore. This will be the 15 th season of the.
Mahipal Lomror - RCB for Rs 95 lakh. Will play for KKR list of players in ipl auction 2022 Manish Pandey bought it for.6. IPL and some of the biggest stars of world cricket will be coming together to light up the.
Royal Challengers Bangalore for INR 75 lakh. Check out the time table below: Date Matches Venue Time CSK Vs KKR Chennai 7:30 PM RH Vs RR Hyderabad 7:30 PM medabad Vs RCB Ahmedabad 7:30 Ps MI Delhi 7:30 PM Lucknow Vs pbks Mumbai. IPL 2022, auction happened on February 12 and 13 in Bengaluru.


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With a well-planned, mature bug bounty program, security leaders can lessen the impact of the security talent shortage by tapping the white-hat hacker community.
Two decades ago, Cris Thomas testified before Congress about various cybersecurity issues he uncovered as a white hat hacker. Today, he works as a penetration testing specialist for IBM X-Force Red.
Step into the shoes of an insurance company CEO chasing digital transformation. Read on as she tries to avoid missteps in this story about modernization, risks, fraud and user experience.
The refusal of top leadership to fund security initiatives often translates to explicit, willful risk acceptance.
In a new report, analyst firm Gartner predicted that enterprises around the world will spend up to $1.5 billion on IoT security in 2018.
To maximize the horsepower of its password cracking system, the IBM X-Force team built its own hardware to aid in penetration testing efforts.
Some are wary of the Ugly Duckling due to his advanced hacking abilities, but when it comes to security testing, he's really one of the good guys.
IBM was one of the sponsors of the National Collegiate Penetration Testing Competition (CPTC), where students faced off in a massive pen testing showdown.
IBM X-Force Red is leading the way in the field of password cracking with the Cracken, a tool designed to help companies improve password hygiene.
Although it is one of the most crucial components of any security strategy, web application penetration testing is often neglected.


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The city of Liverpool has seen one of the biggest transformations in the UK over the last ten years. The year of 2008 was a huge one for the city, which saw it rise to prominence as the European Capital of Culture. During the time when Liverpool was the European Capital of Culture, 9.7 million additional visitors were attracted in 2008, making up 35% of all visits to the city. It also generated an economic impact of £753.8 million– the highest for any European Capital of Culture. Years of preparation went into the event and it saw Europe’s spotlight settle happily onto Liverpool.
From arts to museums, to films, since 2008, Liverpool has cemented its reputation as a cultural hub like no other. Liverpool has continued to focus its energies into the arts, with events like Liverpool Biennial, Liverpool Sound City and Liverpool International Festival of Psychedelia. The Lambanana – Liverpool’s iconic new symbol is now synonymous with the city, was introduced a decade ago and can be seen everywhere in the city now. Liverpool has hosted a range of major events, like the incredible Giants spectacular, the Labour party conference and the Three Graces. It’s reputation for world class events has contributed massively to the city’s tourist economy, with Liverpool being voted the third in the entire world for places to visit.
The city also saw the opening of the record breaking Liverpool One developmentin 2008, which involved the redevelopment of 42 acres in the city centre. The development has over 170 stores, as well as bars, restaurants, cinema and five-acre park. National stores like John Lewis, Waterstones and Debenhams provided the city with a new shopping destination status, with thousands flocking to the city’s vibrant new shopping centre. Liverpool One has established itself as one of Europe’s leading open-air shopping centres, with people from all over the country coming to Liverpool to shop.
Other areas of the city have also seen incredible transformations. The Baltic Triangle was an industrial wasteland ten years ago, with abandoned warehouses and empty lots. Now this part of the city is one of the coolest places to live in the country, with art studios, digital businesses, cutting edge cuisine and trendy bars lining the streets. New developments like One Baltic Square by RW Invest are turning the area into an amazing residential neighbourhood too, with stunning architecture inspired by the area’s history. New developments around the city have been built, completed and tenanted over the last ten years, changing the city’s skyline and welcoming new residents.
Liverpool has also changed in less tangible ways too. The city’s economy has grown, thousands of new businesses have opened, and the population has doubled over ten years. The city’s universities have grown and developed, attracting ever more students to Liverpool too. Ten years ago Liverpool was a city full of optimism about the future and now it looks like that optimism was accurate. Liverpool is very much one of the UK’s top cities, with visitors continuing to be surprised and impressed with everything the city has to offer.


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WA state investigates O’Reilly Auto Parts for denying same-sex benefits
The Washington Attorney General's office said it's investigating O’Reilly Auto Parts for allegedly denying benefits to a woman's wife.
“In Washington, you cannot deny healthcare benefits based on sexual orientation. Under Washington law, if a business provides benefits to opposite-sex spouses, it must provide them to same-sex spouses,” said Attorney General Bob Ferguson, in a statement.
O'Reilly Auto Parts, which is based in Missouri, allegedly isn't cooperating with Washington state's request for more information, and "has made it clear it has no intention of fully complying" with the request.
The state said if and when it receives more information, it may consider filing a lawsuit against the company, which has 148 stores in Washington state.
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Myer today set out a a five-year, $600 million plan to restore profit growth by delivering an inspiring retail offer with improved productivity.
Sales have been weakening for Myer as shopper habits change, with some going in-store to try goods but then buying online from the cheapest vendor.
And its nearest rival, David Jones, now owned by the South African group Woolworths, has been pulling ahead.
Myer today reported full year sales up just 1.67% to $3.195 billion and a weak outlook for 2016. David Jones, however, reported sales up 6.4%.
CEO Richard Umbers, appointed in March with the job of reviving sales and profits, says the Myer strategy will put greater focus and investment into its best stores and most valuable customers.
This will mean a revitalised merchandise offer and transformed shopping experience to better meet customers’ needs in store and online.
The strategy, announced at the same time as the release of its annual results showing a fall in profits again, was created using advanced data analytics of Myer’s customer base and stores.
“The New Myer strategy is an energetic revitalisation of Australia’s best-loved retailer. It builds on our proud history and looks to the future with great optimism,” Umbers says.
“The New Myer strategy is built on providing a more focused and relevant merchandise offer to serve a more valuable customer and a better shopping experience for everyone who comes to our stores.
“The challenges facing the retail sector are well known, and we understand them deeply. Our strategic response to these issues defines a clear agenda for success.”
Here’s the strategy in one slide:
Part of the plan is to reallocate floor space from underperforming goods to new and higher performing categories and services.
This will mean concentrating on the 40 to 50 most wanted brands, a narrower offering.
And there will be more restaurants, cafes and event spaces, increasing Click and Collect as proportion of online sales and improved delivery times for online ordering.


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As Nike owns Converse, the latter has long been able to borrow technology from the former to upgrade the comfort on its heritage silhouettes. It's doing that again on the Converse Chuck Taylor All-Star 2, a model that's set to become the first non-Nike shoe to use Flyknit. Jordan Brand, which is also under the Nike Inc. umbrella, has used a similar material called Flyweave on modern performance shoes, but never actual Flyknit.
The Converse Chuck Taylor All-Star 2 is an updated version of the original All-Star, this one utilizing a Nike Lunarlon insole for cushioning.
Converse has released knit footwear before, although those weren't built with Nike's Flyknit tech.
While Converse in North America doesn't appear to have announced these shoes yet, its Australian website has them listed as releasing on April 8.


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The latest automotive projects of Apple and Google have engaged longtime car manufacturers. The two tech industries have decided to put their considerable cash and technological know-how behind the driver electric automobiles. Recently, a rumored is heard that Google has now already manufactured a driver less vehicle whereas Apple is said to be dealing with an electric cars.
Plan of Apple and Google on the launching of their cars
Martin Winterkorn, who is Volkswagen Chief Executive Officer, stated that if these two corporations intend to individually create electric cars, it may go very fast.
Apple decides to push one electric vehicle into production by the year 2020. On the other hand, Google said that it decides to make a self-driving vehicle on the highway within 5 years. Auto manufacturers generally need minimum 5 to 7 years or longer to make new model cars.
Auto manufacturers Tesla Motors and also General Motors are now working in opposition to the tech firms on a tight time period to design electric cars that can cross over 200 miles on just a single charge. Stefan Bratzel, who is the executive of Center of Automotive Management at a University in Germany, stated that the contest definitely has to be taken sincerely.
According to the report of sources from net, the traditional auto manufacturers are expecting to deal with both Google and Apple, possibly by helping with the supply chains. The two areas may be weak points for non-automotive industries looking to get into the field.
Opinion of Ghosn on the introduction of cars by the tech industries
However, at Mobile World Congress organized in Barcelona, Ghosn (Executive Officer of Renault-Nissan) stated that the auto industry was not striking to tech firms that aim to get high profits. It is unfortunate that this is not a very profitable business. He also added that it is a business, which needs huge amount of investment but it does not give so much return. According to Ghosn, the classical vehicle industry is an aspect that is not very eye-catching to individuals who are involved in the high-tech field and are making high proceeds.
Ghosn does not expect that Google or Apple will launch their vehicle in the market very soon. But, Google’s initiative in this area may bring only some technological improvements in the car business. Tech companies, such as, Intel and also Microsoft, have interest in vehicles as they see this as a very significant object, in which quite several technologies may be included easily.
Mr Ghosn is, however, not the only car industries chief to observe Apple and the other rumors surrounding the building of cars. At Geneva Motor Show, Ian Robertson, who is an associate of board of management stated that he examined all contests in the same way.
Discussing with Apple about the contest, Robertson stated that the obstacles of the past years are possibly lower, because they are moving towards into the future. However, at the same time, this market of car is extremely an intricate one. It is because there are lots of new participants in the market. And thus, it is a better idea to wait to see what will happen in the future.


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Fab confirmed Wednesday it plans to lay off between 80 and 90 employees this week, about a third of its workforce, the design e-commerce site's third round of reductions in the past year.
The lay offs, which were first reported by BuzzFeed, will affect only employees based in New York, a company representative told CNET.
"We are parting ways with incredibly talented individuals for whom we have only great respect and appreciation," the company said in a statement to CNET. "Realigning our team is part of a broader business plan, which we began implementing last Fall and which will continue to unfold in weeks ahead."
The matter came to light Wednesday when Fab employees reported receiving an email from the company's human resources department that instructed them not to come into the office on Thursday and await the scheduling of one-on-one meetings.
The design e-commerce site, which sells furniture, clothes, and decor, is no stranger to dramatic shifts. Fab launched as a social network for the gay community in 2010 but became a design-focused, flash-sale site a year later, quickly picking up millions of members along the way. Fab thenlast July for a "following" feature that personalized what customers see on the site and what products are pushed to them.
Not long after announcing that strategy shift, Fab announced plans tofrom its Berlin headquarters, or about 15 percent of its global workforce. As part of that reorganization, the company asked more than 30 employees in its Berlin office to relocate to New York.
Three months later, in October, Fab announced it was, or nearly one-fifth of its work force, as a continued slimming down related to its earlier reorganization.
The company has received $300 million in venture funding from heavyweight Silicon Valley firms including Andreessen Horowitz and Menlo Ventures, giving it a $1 billion valuation.


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The high-performance pieces include Unitefit technology– a fit system created with a spectrum of sizes, genders, and forms for a gender-neutral fit.
HiteJinro drivers got more hostile in their latest protest that they even threaten to set the HQ's rooftop on fire.
Kakao Corp. cancels the sale of its stake in Kakao Mobility after a month-long protest of the union workers.
Nongshim was beaten by smaller rivals Samyang and Ottogi in sales and failed to deal with higher logistics costs and raw materials.
Shinsegae will build an integrated mall with unique facilities and offer thousands of new jobs to the locals.
SK Inc. and SK Energy jointly buy a major stake in Atom Power to expand its energy solution service portfolio.
The investment would let SK Inc., the holding company of SK Group, and SK Innovation Co., South Korea’s leading refiner, jointly develop next-generation SMR technologies.
Merck has acquired Mecaro and will use its facilities including the R&D center in South Korea after the completion of the deal.
Nexstar Media will purchase a 75% stake in CW Network from Warner Bros Discovery and Paramount Global.
SpaceX greenlighted to provide Starlink internet service to airplanes, ships
SpaceX has been granted permission to extend its satellite-based internet service to mobile vehicles, including ships, RVs, planes, cars, and other similar vehicles. The approval came from the US government.
As per CNN Business, the consent gives SpaceX the opportunity to expand its customer base for its Starlink internet service. Prior to the green light, the service was only offered to homes, mostly in remote areas where the traditional internet service is not available.
Now SpaceX is likely to launch a new internet service to other fields and may start with commercial airlines. It was reported that its first client could be Hawaiian Airlines since it had already signed a deal with the company back in April. The agreement involves providing complimentary Starlink internet to some of the air carrier's jets.
The U.S. Federal Communications Commission confirmed last week that it had granted Elon Musk's spacecraft manufacturer and satellite communications company the permission to branch out its service to different types of vehicles. This development also opens wider business opportunities where SpaceX could secure new corporate deals.
The price range for Starlink's new mobile services was not mentioned in the report, but SpaceX may have already revealed this directly to businesses when it was marketing its service. On its own website, the company also posted something about the cost.
"With more than double the antenna capability of Starlink, Starlink Business delivers faster internet speeds and higher throughput," the company stated. "$500/mo with a one-time hardware cost of $2,500."
For the RV internet service, SpaceX actually started offering this service earlier this year, and subscribers are billed $135 per month. At that time, there was no approval from the FCC, yet so the service only works for RVs that are stationary. With the newly-issued permit, the internet will now be available even when the vehicle is on the move.
In any case, while the Starlink internet will now be on trucks, aircraft, ships, and other vehicles, Musk said that it would not be available for Tesla cars. In a tweet, the Tesla and SpaceX CEO wrote, "Not connecting Tesla cars to Starlink, as our terminal is much too big. This is for aircraft, ships, large trucks & RVs."


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In this report, Technavio covers the market outlook and growth prospects of the global yogurt drinks market for 2016-2020. Based on distribution channel categories, the market is divided into different segments, including hypermarkets and supermarkets, convenience stores, food and drink specialty stores, and others.
Technavio’s research study segments the global yogurt drinks market into the following regions:
- North America
APAC: Largest market for yogurt drinks
The report study evaluates APAC as the largest market for yogurt drinks with a market share of around 39% in 2015, which is expected to rise close to 45% by 2020. Rising consumption of yogurt drinks in countries such as China and Japan is leading to the increasing demand for yogurt drinks in the region. Rising health awareness and fitness trends among consumers is also helping the yogurt drinks market to grow as consumers are demanding more healthy and natural products.
Yogurt drink manufacturers are investing heavily in dairy farms to ensure a steady supply of milk for the production of yogurt drinks. For instance, Yili Group entered into a strategic alliance with Sterilgarda Alimenti, an Italian dairy firm, and also signed a memorandum of understanding with Dairy Farmers of America to ensure a smooth supply of milk.
“The market has also witnessed the launch of new products and flavors such as Benecol yogurt drinks in South Korea. In March 2015, Mother Dairy announced its plans to set up 250 vending machines for lassi, a yogurt-based drink popular in India. Also, the increasing popularity of yogurts have prompted Starbucks to launch fruits on top yogurt Frappuccino in Japan in April 2015,” says G Vijay Sarathi, Technavio lead non-alcoholic beverages research expert.
Ask for a sample of this report: http://goo.gl/TNez7i
Yogurt drinks market in Europe projected to decline in revenue by the end of 2020
In terms of revenue, Europe had a share of over 32% in 2015 but this figure is expected to decline to 28% in 2020. The decline in market share is due to the rising popularity of yogurt drinks in other regions, especially APAC. Economic conditions prevailing in certain European countries such as Spain and Greece can be a challenge to the growth of yogurt drinks as consumers will be conscious about the expenditure. Also, the rising popularity of coconut water in European countries such as the UK can also pose a serious challenge to the growth of the yogurt drinks market.
The European market however is witnessing several new product launches with yogurt drinks, accounting for almost 40% of the total new product launches in the food and beverage sector in 2013. Most of the products launched contain a higher amount of proteins than normal yogurt such as Vifit high protein yogurt drink launched by FrieslandCampina in 2015. “FrieslandCampina launched its Optiwell yogurt drink in the UK in September 2015 and also rolled out a marketing campaign worth USD 39.4 million along with the launch of the product,” adds Vijay.
Introduction of new products and new flavors driving the popularity of yogurt drinks among consumers in North America
The yogurt market in North America is dominated by spoonable yogurts, however the demand for yogurt drinks is on the rise. Manufacturers are coming up with new products and new flavors to increase the popularity of yogurt drinks among consumers. In September 2015, Temple Turmeric launched Holiday Spiced Lassi Cultured Blend based on traditional ayurvedic recipes in the US. In April 2015, Karoun Dairies launched its Blue Isle Mediterranean yogurt drinks, which are available in four flavors being plain, strawberry, blueberry, and pomegranate.
Some of the top vendors of the global yogurt drinks market highlighted in the report are:
- General Mills
- Unternehmensgruppe Theo Müller
Browse Related Reports:
- Global Organic Drinks Market 2016-2020
- Greek Yogurt Market in the US: Trends, Size, and Forecast 2015-2019
- Frozen Yogurt Market in US 2015-2019
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Harmelin Digital Contributor: Cat Collis
Revenue from Bing Ads has increased by 16% from Q2 2015 to Q2 2016. This is in large part due to the adoption of Windows 10 and its web browser, Microsoft Edge. Bing is the default search engine for Edge, and also for Cortana, the Windows 10 “personal assistant.” Additionally, a growing number of searches on Bing are voice searches due to Cortana’s functionality.
What this means for marketers: Although Google continues to be the clear leader in terms of search share, Bing is making headway. Google tends to dedicate efforts to mobile search, which has eclipsed desktop search in total volume. Bing has taken that opportunity to advance its position in the desktop space. In addition, the influx of voice searches means that search terms themselves are changing, and advertisers need to be inclusive of conversational keywords (and ad copy) to account for this shift in search behavior. When the type of search query is more likely completed via desktop, Harmelin will advise advertisers to strongly consider allocating dollars to Bing when planning search efforts.


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Cast your mind back to last June, when Discord announced it had big plans in store.
Sick of being associated with gaming all the time, the platform was going to get a big revamp as part of a rebranding exercise.
“Many of you told us that the biggest misconception you hear about Discord is that it’s ‘only for gaming’, but you feel Discord’s for ‘literally everyone’ and ‘for anyone who likes to talk’,” said Discord founder and CEO Jason Citron at the time.
Well, now Discord has revealed its new logo, and seemingly everyone who likes to talk has decided to use that power to tell them that it’s a pile of old guff.
In a new blog post declaring today to be Discord’s “blurpthday” (because brands being quirky is still a thing), the new logo was unveiled, showing a slightly modified icon of its mascot and a new font that hasn’t gone down too well, because it turns out everyone on the internet is a font expert now.
The site’s mascot, who apparently was called Clyde all along, has had his edges reshaped a bit, most notably so “the old antennas look a bit more like shoulders now”. Or in other words, they look less like shoulder buttons because of the whole ‘not just for gamers’ thing.
Clyde will now also be able to express himself with various emotions when the need arises. After all, according to Discord, “a good amount of fan art depicts Clyde with expressions”.
We’ve done some extensive research and we’ve come to the conclusion that the optimal number for “a good amount” of Discord-themed fan art should roughly be zero Discord-themed fan art.
That famous Discord blue is now an ever so slightly darker blue, which Discord is describing as ‘blurple’, because Hex Colour #5865F2 isn’t quite as catchy.
“We wanted to bring more energy to Discord for our entire colour palette by brightening up the colours to be more bold and playful,” says Discord, which is a suitably colourful way of saying “we moved the cursor down the palette a bit in Photoshop”.
As for the new font… well. Apparently it’s a tweaked version of the font Ginto, which isn’t really important because it turns out everyone has decided to moan about it anyway. The top reply to Discord’s tweet is someone asking other users to come up with a better font, a challenge that has already seen nearly 800 replies.
Finally, Discord also has a new slogan. Just six months ago it had introduced a different new slogan, which was “your place to talk”, but that seemingly wasn’t abstract enough so now it’s “imagine a place”.
The idea is that they can attach things to the end of that to make numerous ads, including one example that says “imagine a place where friendship is not a request, it just sorta happens”, which sorta ignores the fact you have to accept an invite to join a Discord server.
Ultimately, the only place we’d like to imagine is one where this isn’t an issue. We’ve obviously had a bit of fun with the rebranding in this article to try and raise a smile, but the reality is that while this whole exercise may be a little on the pointless side, it could be argued that the number of people seemingly getting angry about a new font is similarly pointless.
As long as Discord continues to work like it does, we don’t care if they replace their mascot with a photo of James Corden.
Actually, don’t do that, Discord.


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Lots of restaurants to be on board when month of dining deals unfolds
Looks like once again scads of well-known local restaurants are eager to offer dining bargains throughout an upcoming month. And their doing so coincides with a milestone worth a champagne toast.
More than 50 area restaurants—including 14 in Palm Beach and one in Manalapan—have signed up thus far for an annual Septemberlong dining-deals program, according to organizers, and many of those restaurants are repeat participants in the program.
More eateries are expected to join the group, which is on par with or perhaps slightly more robust than last year, before this year’s countywide Flavor Palm Beach kicks off on Sept. 1.
This year, Flavor’s Sept. 1 launch officially will mark the program’s 10 th anniversary.
Flavor founder and chief organizer Brianna Beaty notes that it’s “exciting to see how the fabric of the food community here has grown. Local farms are producing amazing ingredients and chefs are turning them into edible art. Maybe it’s just me, but I feel like more attention is on food and the dining experience, which has allowed more love and attention to be put into it. And to me that shows, and it feels like, eyes, or rather mouths, from all over are taking note and marking this area as a culinary hotspot.”
Since 2008, Flavor Palm Beach has organized Palm Beach County restaurants, who agree to offer value-priced prix-fixe lunch and dinner menus throughout September.
It’s a win-win proposition during a slower time of year: With good deals on the table, restaurants fill seats and potentially tap a new audience, while diners take advantage of and enjoy lower prices.
Flavor restaurants in September will offer three-course lunch menus for $20 and/orthree-course dinner menus for $30-$45.
In past years, a few Flavor restaurant participants have tweaked those offers, but the vast majority go with the flow—and some diners, in the meantime, seek to enjoy as many Flavor restaurants as they can during the 30-day program.
According to Flavor Palm Beach’s rosters, 14 Palm Beach restaurants—of a total of 51 participants on board thus far—have signed onto to this year’s September-long deals. Most of them have been involved in Flavor in past years.
Flavor participants in Palm Beach so far include Al Fresco, Café Boulud, Café L’Europe, Charley’s Crab, Costa, Echo, Graze at the Four Seasons, Imoto, Jové Kitchen & Bar at the Four Seasons, The Leopard Lounge at The Chesterfield, PB Catch, Renato’s, Sant Ambroeus, and The Italian Restaurant at The Breakers.
In Manalapan, Temple Orange at Eau Palm Beach Resort is set to participate.
Since Beaty launched Flavor Palm Beach, she has developed longstanding relationships with local tourism boards, community organizations and more, plus numerous restaurants, which pay a fee to participate in exchange for Beaty’s marketing and advertising programs.
For more information and regular updates on participating restaurants and their menus, see www.flavorpb.com.


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Industrial zones are a favorable mechanism in terms of expanding production in the country, substituting imports and creating new export opportunities.
So far, more than 8 billion manats of products have been produced in industrial zones, of which 2.6 billion manats (about 32.4%) have been exported.
In January-September of this year, more than 2.1 billion manats of products were sold by enterprises operating in industrial zones, of which 846.1 million manats were exported. Product sales by industrial zones increased by 41.5% and exports by 55.3% compared to the same period of 2021.
In this period, the specific weight of industrial zones in the production of non-oil industry products was 16.6%, and 33.3% in their export.
It should be noted that the products produced in the industrial zones were exported to more than 50 countries of the world.
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DETROIT, Nov. 1 (UPI) -- Subaru of America Inc. sales rose 30.1 percent in October from a year earlier, leading gains in the U.S. market, Autodata Inc. said Thursday.
Subaru sold 26,119 vehicles in the October, including 18,891 cars and 7,229 light trucks, the monthly report showed.
With Ford Motor Co. and Toyota Motor Sales U.S.A. Inc., among those not included in the monthly report, Autodata said sales rose 19.8 percent at Volkswagen Group of America Inc and 14.3 percent at Volvo Cars North America.
Among domestic brands, sales at Chrysler rose 10.2 percent over October 2011, while sales at General Motors Co. rose 4.7 percent.
Chrysler sold 126,185 cars and light trucks in the U.S. market in October, while GM sold 195,764 vehicles, the most of any of the companies with data included in the report.
|Additional Business News Stories|
OSLO, Norway, May 24 (UPI) --Norwegian oil and gas company DNO International said tests from a field in the Kurdish region of Iraq yielded an average flow rate of more than 100,000 bpd.
LEIDEN, Netherlands, May 24 (UPI) --With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program a European competitor is dangling a new carrot to its bid.


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What generation is a 2010 Toyota Corolla?
2009 – 2010 Toyota Corolla [Tenth (10th) Generation]
What Toyota car was discontinued?
Toyota is ending production of the Avalon large sedan after the 2022 model year, drawing the curtain on its plus-sized Camry after nearly a 30-year run. The news was first reported by Automotive News, which learned that Toyota had just informed suppliers of the move.
What are the generations of Toyota Corolla?
Toyota Corolla Generations
- 2020 – 2022 Toyota Corolla. Choosing a Corolla begins with the engine.
- 2014 – 2019 Toyota Corolla. The Corolla is available with options galore that require reading the fine print.
- 2009 – 2013 Toyota Corolla.
- 2003 – 2008 Toyota Corolla.
- 1998 – 2002 Toyota Corolla.
- 1993 – 1997 Toyota Corolla.
How many miles can a Toyota Corolla 2011 last?
If you’re considering a Toyota Corolla, you may be wondering, “How long do Toyota Corollas last?” With regular service and maintenance, the Toyota Corolla has a life expectancy of up to 10 years or 300,000 miles.
What engine is in 2011 Corolla?
1.8 L 4-cylinder
2011 Toyota Corolla/Engine
What generation is the 2011 Corolla?
1993-1998 E100 Corolla It also offered us the final Corolla-badged wagon.
What is the cheapest car in Toyota?
Toyota car price starts at Rs 7.49 Lakh for the cheapest model which is Glanza and the price of most expensive model, which is Vellfire starts at Rs 89.85 Lakh.
Which Toyota model is the cheapest?
The Corolla is Toyota’s cheapest model According to Kelley Blue Book, the Toyota Corolla has been a top best-selling car in the world for 12 generations of the car. It’s not only an inexpensive choice, but also a safe one. The Corolla also has easy upkeep and equally great resale value.
What generation is the 2013 Corolla?
Tenth Generation: 2006-2013 The tenth-generation Corolla debuted in the U.S. as a 2009 model. The 1.8-liter engine got a boost in power to 132 hp while the XRS trim returned with 158 hp from a 2.4-liter mill. A five-speed manual was standard with both engines with a five-speed automatic an available option on the XRS.
Is the 2013 Toyota Corolla the best-selling car ever?
The 2013 Toyota Corolla sedan is the current incarnation of the best-selling automobile ever. It continues to be one of the most familiar – if not exactly most popular – compact sedans in America. The Corolla’s reputation is built on legendary longevity, low fuel consumption and high resale value. But has Toyota become complacent with it?
What’s the 2011 Toyota Corolla ranked in the United States?
Enter your zip code to search used Corolla listings in your area. The 2011 Toyota Corolla’s #14 ranking is based on its score within the 2011 Compact Cars category. Currently the Toyota Corolla has a score of 8.1 out of 10, which is based on our evaluation of 52 pieces of research and data elements using various sources.
What are the features of a 2013 Toyota Corolla?
Those two higher trim levels also offer Premium Packages that bundle such extras as the moonroof, bigger alloy wheels, fog lights, power-adjustable driver’s seat, automatic climate control and halogen headlights. The lone engine fitted to the 2013 Corolla is a 1.8-liter 4-cylinder good for 132 horsepower.
When did the Toyota Camry come out in Australia?
The latest Camry was launched in Australia, Indonesia, Thailand, and other countries by the end of 2017 or the beginning of 2018.


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Shares of Apple Computer fell more than 4 percent Friday on reports that sales of its iPod digital music player appear to be slowing.
Investment firm Goldman Sachs said in a report Thursday that it expects shipments of Apple’s digital music player to be flat this quarter. Internet news site AppleInsider also reported Thursday that Apple has a glut of most iPod models, especially the recently launched iPod Shuffle.
Read the complete story. (USA Today)


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Cadillac ’s latest edition of the CTS sedan builds off the high benchmark set by 2014’s generation change. Now in its third generation, the CTS is a formidable opponent to the German and Japanese rivals. Debuting for the first time in 2003, the CTS brought Cadillac’s ‘Art and Science’ theme to the forefront with an interesting, angular design that not only looked futuristic, but helped revitalize the brand’s dying appeal. The CTS’s second generation built an empire atop the foundations laid. Now with a more luxurious feel with a beautifully trimmed interior, the 2008 became a true competitor in the sport luxury class. Things got even better in 2014 when the third generation CTS debuted, and for 2015 the CTS gets a slight refresh that includes a revised grille and an updated Caddy emblem..
Moving into its second year, the third-generation CTS gets a bevy of telecommunications and connectivity additions, including OnStar with 4G LTE and built-in Wi-Fi hotspot, wireless phone charging, along with an revised version of the Cadillac CUE infotainment system.
What’s more, 2015 ushers in the new Cadillac crest — the newly updated version of the brand’s iconic emblem. Gone is the wreath surrounding the crest. Now the crest is wider and shorter for a more youthful appearance.
Updated 08/07/2014: After an initial sneak preview on an OnStar commercial, Cadillac unveiled the official images on the 2015 CTS. Check them out in the "Photos" tab.
Click past the jump to read more about the 2015 Cadillac CTS.


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The reclusive Albrecht died in Essen, Germany, on July 16 and was buried in a private ceremony today, according to reports.
Karl and Theo took over their mother’s cornershop in Essen after the Second World War and towards the end of the 1940s began to open more shops around the city. By 1960, the brothers were running more than 300 stores across West Germany.
Karl Albrecht was one of the richest people in the world, with an estimated fortune of more than $20bn (£11.7bn).
He resigned from the operational business in 1994 and stepped down from Aldi’s advisory board in 2002, said The Guardian.
Theo died in 2010 at the age of 88.


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Afreximbank’s digital platforms, together with the MANSA and Pan-Africa Fee and Settlement Programs (PAPSS), are taking part in a pivotal function in Ghana’s financial improvement and fostering intra-African commerce, in response to Mr. Gabriel Edgal, Chairman and CEO of Oakwood Inexperienced Africa.
Mr. Edgal’s remarks had been made throughout a aspect occasion held on the Accra Worldwide Convention Centre, coinciding with the launch of the Africa Commerce Gateway as a part of Afreximbank’s Annual Conferences 2023 (AAM2023).
Highlighting the profound affect of those platforms, Mr. Edgal emphasised the comfort and benefits of the MANSA platform. Designed as a centralised supply of main knowledge for Buyer Due Diligence (CDD) and Know Your Buyer (KYC) checks, MANSA permits seamless commerce between African entities, together with monetary establishments, corporates and SMEs. This streamlined course of eliminates the necessity for extra due diligence, thereby boosting companies and considerably contributing to Ghana’s financial system. Mr. Edgal urged Africans to mirror on the challenges hindering intra-Africa commerce and shift their focus towards maximising the huge potential of African markets.
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Addressing the significance of PAPSS, Mr. Edgal emphasised the platform’s significance for Ghana’s improvement. By permitting companies in Ghana to commerce immediately with counterparts throughout Africa with out foreign money conversion to the greenback, PAPSS reduces demand for overseas foreign money. Consequently, this may result in decrease trade charges and strengthened African currencies, making imports cheaper and mitigating the potential for imported inflation. Mr. Edgal outlined the optimistic affect these developments can have on native economies.
The aspect occasion attracted outstanding figures from Ghana’s enterprise sector and different West African international locations. Dr. Ernest Addison, Governor of the Central Financial institution of Ghana; Mrs. Kanayo Awani, Govt Vice President of Intra-African Commerce Financial institution at Afreximbank; Maureen Mba, Head of MANSA Digital Initiative; Mr. Mike Ogbalu, CEO of PAPSS; Niama El Bassunie, CEO of WaysToCap and Operator of Africa Commerce Trade (ATEX); Lizanne Case, Head of TRADAR; Cynthia Gnassingbe, Senior Advisor for Personal Sector Engagements at AfCFTA; Mr. Daniel McKorley, Chairman of McDan Group; and Mr. Daniel Addo, CEO of Consolidated Financial institution Ghana, had been among the many notable audio system who attended the occasion.
The occasion underscored the important function performed by Africa’s commerce digital platforms in driving Ghana’s financial improvement. Mr. Gabriel Edgal and different distinguished audio system highlighted the immense alternatives and advantages these platforms convey to intra-Africa commerce. As Ghana and different African nations embrace these transformative initiatives, they’re poised to unlock the complete potential of commerce inside the continent, stimulate financial progress, and contribute to the journey of constructing prosperity for all Africans.


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The sensor, named the Sapphire F8, features global shutter, 12-bit capture and can record 8K up to 60fps. Atomos CEO Trevor Elbourne says the sensor was originally made to be used in an Atomos-branded cinema camera that ultimately never came to fruition.
Articles tagged "8k"
Australian cinema equipment company Atomos has announced it's developed a new 8K image sensor destined for cinema cameras.
camera newsAug 5, 2022
This behemoth uses the same 8K full-frame Vista Vision CMOS sensor found inside the standard V-RAPTOR, but adds an impressive I/O array, integrated ND filter and more to make it a production-ready rig.
Sony brings 8K 4:2:2 10-bit video, reduced res lossless Raw stills to its flagship a1 camera via firmware update
Jun 14, 2022
In addition to the new stills and video capture modes for the a1, Sony has also released a minor firmware update for its a7S III full-frame mirrorless camera.
Apr 14, 2022
Nikon has announced a major firmware update for its flagship Z9 full-frame mirrorless camera. Firmware 2.0 adds a series of features including 8K/60 Raw video capture, waveform displays, a 120Hz viewfinder mode, pre-buffer capture and more.
Sony announces new Venice 2 cinema camera: 8.6K internal Raw, 16 stops of dynamic range, interchangeable sensors and more
camera newsNov 15, 2021
The Venice 2 takes over the original Venice as Sony's flagship cinema camera. It's available with two different sensor options and is capable of recording internal Raw.
Panasonic confirms it's still developing its 8K organic CMOS sensor with WDR and 60 fps global shutter recording
Nov 3, 2021
It's been three years since we last saw evidence of this sensor's development, but Panasonic has used the 4K/8K Technology Expo 2021 in Japan to once again highlight its ongoing efforts to make this sensor a reality.
Sep 1, 2021
The V-RAPTOR ST is the first camera in RED's new DSMC3 generation of cameras and packs inside a 35.4MP CMOS sensor (8192 x 4320 pixels) capable of capturing over 17 stops of dynamic range.
Jarred Land, CEO of RED Digital Cinema, shared an Instagram post that shows off the screen of an unreleased RED camera system.
Opinion: 8K video can be worth the hassle. But not for everyone, and perhaps not for the reasons you might think…
May 20, 2021
8K delivers four times as much resolution as 4K, but do you need al those pixels? It depends on what you use them for and who's watching.
8K is arguably more useful as a way to capture flexible 4K than as an output resolution, at the moment, so we shot a 4K-from-8K video project with the Sony a1. See for yourself how the 10-bit S-Log3 footage came out.
Jan 12, 2021
ViewSonic has announced new ColorPro monitors at CES. The monitors, available in 27" and 32" sizes, range from 2K to 8K resolution and have been designed for color-critical applications including photography and video editing.
The Japan Aerospace Exploration Agency (JAXA) and Japan Broadcasting Corporation (NHK) are jointly developing a 'Super Hi-Vision Camera' for JAXA's Martian Moons eXploration (MMX) mission. The camera will record the first 8K ultra high definition images of Mars and its moons, Phobos and Deimos, taken in proximity.
Apr 27, 2020
The MAVO Edge is built around a new 44.7MP full-frame CMOS sensor that claims to offer up to 14-stops of dynamic range and minimal rolling shutter, even at 8K.
Mar 23, 2020
The EOS R5 will be the first mirrorless camera to shoot 8K video, but is it just a lot of hype? We look at several reasons why you probably don't need 8K technology today, as well as a few reasons you might really want it after all.
videoMar 13, 2020
Canon Australia has published a press release confirming its upcoming EOS R5 mirrorless camera will capture internal 8K video at up to 30 frames per second and feature 'advanced animal AF.'
The 8K footage was shot on a prototype device with a Sony IMX586 image processor inside.
Sharp's 8K Video Camera has once again been showcased at CES, this time with more details on what the camera will offer and when it will be available.
The team at XDA Developers has found several references at new camera features in the Samsung Camera app apk.
The new 47MP sensor, officially called the IMX492LQJ, can shoot 10-bit 17:9 crop video at up to 30 fps.
Preparing for the age of 8K and above, the Video Electronics Standards Association (VESA) has released details of the next version of DisplayPort that can handle multiple high-resolution HDR monitors.
The monitors/recorders come in 17in, 24in, 31in and 55in sizes and record 4K/60p ProRes RAW out of the box. But a future add-on will allow them to capture 8K/60p ProRes RAW straight from the sensor of compatible cameras.
ZTE's latest high-end device is the first smartphone capable of recording 8K video footage.
Samsung's latest and greatest mobile chipset will push the imaging capabilities of 2019 mobile devices even further.
In an exclusive interview with Imaging Resource, Canon executive Yoshiyuki Mizoguchi said video 'will play a huge role' in the EOS R lineup and says 'an 8K video capable camera is already in our EOS R-series roadmap.'
Sharp has shown off an 8K-capable Micro Four Thirds camera prototype that's expected to cost under $5,000.
videoNov 6, 2018
NASA has shared the first 8K footage filmed from outer space. In addition to streaming on YouTube, you can also download the full-res footage to your computer.
Cinemartin has launched three new 8K global shutter video cameras with Raw shooting modes and custom code support.
Panasonic has announced the AK-SHB810, the first camera to use its much-anticipated organic 8K sensor.
camera newsMay 22, 2018
Computer vision company Lucid and cinema camera maker RED have partnered to create an 8K 3D camera that can capture 4-view (4V) holographic images and video in real-time. The camera is designed to work with RED's upcoming holographic Hydrogen One smartphone.
What do you get when you combine a Lamborghini Huracan with $500,000 dollar gimbal setup? You get "the world’s fastest purpose-built camera car."
Japanese broadcasting organization NHK has developed a slow motion camera that can shoot 8K at 240fps, and they'll be showing it off at NAB 2018 alongside their new 8K transmission and VR technologies.
The new UFS 3.0 flash memory standard for mobile devices brings theoretical transfer speeds of up to 2.9 GB/s, while lowering power consumption at the same time.
videoNov 29, 2017
The new HDMI 2.1 specification and Ultra High Speed Cable standard have been released, and they can handle some crazy data rates. We're talking 10K video, uncompressed 8K HDR, and 4K at 120fps kind of crazy.
8K video is coming a lot faster than you think, and Blackmagic is ready for it. Meet the DeckLink 8K Pro, a new high performance PCI-E capture and playback card built to handle 'real time high resolution 8K workflows.'
Have you been telling yourself, "Hey, I really need one of those 8K displays?" A video about Dell's new 8K monitor shows you what to expect. Is it really that much better?
'That article was more like gossip' Panasonic's head of cameras talks downsizing, GH5 and the 8K era
May 8, 2017
Yosuke Yamane, the Director of Panasonic’s imaging business speaks to us about the GH5, the promise of 8K, reports of downsizing and why we haven’t seen on-sensor phase detection in one of the company’s cameras. Read more
Mike Olbinski drove some 20,000 miles over the course of 18 days to put together one of the most compelling time-lapse videos we've seen in a long time. Read more
With over 100,000 attendees, the NAB Show (National Association of Broadcasters) is a great place to see what tools and technologies are on the horizon for filmmakers, videographers, and even still photographers. We take a look at a few trends and products that caught our eye last week at NAB 2016 in Las Vegas. Read more
According to a report from the Nikkei Asian Review, Panasonic has decided to resume image sensor development in order to speed up the drive for 8K video. The company suspended its development program a few years ago, the report says, but now Panasonic is preparing to invest ¥10bn/$80.8m to get its R&D back up to speed. Read more
CES 2013: Sharp shows 8K TV prototype at CES
The Olympics are always the great proving ground for the latest camera technology, but it's not just Canon's EOS-1D X and Nikon's D4 that are bringing the experience of the games to the wider world. US broadcaster NBC is publishing a series of stitched 'gigapan' images from the different venues - including a 3 gigapixel composite of the opening ceremony. Meanwhile, Japanese broadcaster NHK has been collaborating with the UK's BBC to broadcast the first live, remote 8K footage. There are few screens that can yet show such footage, but tech-site Engadget has written about what it's like to watch and whether 8K really is 'the end of the resolution story.'
Most popular cameras


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OAKLAND, Calif. (AP) — Facebook has agreed to pay $40 million to advertisers who said it inflated the amount of time its users watch videos.
The San Jose Mercury News reported that the California-based social media giant denied any wrongdoing in the settlement. The settlement notice was filed Friday by the plaintiffs in Oakland Federal Court.
Advertisers sued Facebook in 2016 over user metrics that supposedly measure the average length of time consumers spend viewing posted video ads. The lawsuit said that the time was inflated by up to 900% and that helped persuade advertisers to buy Facebook's video advertising services.
Facebook publicly acknowledged an error in the formula. The company denied allegations that its engineers knew about problems for more than a year and did nothing.
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Specializing in shopper engagement, Lunchbox provides consumer segmentation and purchase behavior insights for retailers. The firm’s capabilities extend to designing in-store and online display ads, producing videos and developing mobile apps. Lunchbox’s clients include Wal-Mart, Disney, Unilever and Kimberly-Clark, the latter two being JWT clients as well.
Adam Roe, CEO of Lunchbox, said the acquisition “makes us a much more complete agency in terms of being able to offer front-end and back-end [marketing solutions] together.”
“Being in shopper [marketing], we’re very often the last stop for where a lot of marketing happens,” he said. “I think putting [JWT and Lunchbox] together allows for a complete solution from awareness to traditional advertising [and] all the way to in-store.”
Roe and Lunchbox CMO Kevin Weisberg will remain in their roles and report to David Eastman, CEO of JWT North America and worldwide digital director. All 70 of Lunchbox’s full-time employees will be retained, as well as the Lunchbox brand. The firm will continue to operate out of its Los Angeles headquarters and maintain its offices in San Francisco, Chicago, and Bentonville, Ark.
Eastman said in a statement that Lunchbox “possesses a full toolbox of mobile, video and in-store solutions that effectively connect brand and consumer” and called it a “strong complement to our existing offerings.” A JWT representative could not be reached for additional comment.
JWT North America acquired digital agency Digitaria last year.


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Full-year results released today by fashion retailer French Connection show its profits fell over 30 per cent last year due to squeezed margins and poor sales in the UK.
Chairman & CEO of the business Stephen Marks described trading over the winter months as the worst he had ever seen, as a 4.6 per cent rise in UK & European like-for-like sales during the first half of the year ending January 31st 2012 was completely offset in the second half to leave revenues for these regions flat for the full-year period.
Revenues overall rose five per cent year-on-year thanks to strong growth in its international and wholesale operations but with the domestic consumer spending outlook far from rosy, French Connection will now conduct a retail review to try and revitalise its core UK business.
Marks said: “During the past year our wholesale, international and licensing businesses have performed well, however, in the most difficult winter season I have seen in all the years I have been in business, our UK retail division has been very disappointing and this has had a significant effect on our results for the year.
“In the light of the performance of the UK retail division we are reviewing our retail operations in order to improve sales and margin in this core business. We are very aware that there will be no quick solutions and that changes we make will take time to have an impact.
“We are working very hard on improving the performance of the retail stores, although clearly the state of the UK economy is not helping the position.”
Profits fell from £7.3 million during the previous financial year to £5 million for the period just ended, while adjusted earnings per share dropped from 7.5p in 2011 to just 4.7p.
French Connection found customers reluctant to spend outside of discount periods, and this, combined with higher input costs, meant gross margin in the retail channel dropped from 59.9 per cent to 55.6 per cent.
The retailer‘s store portfolio is likely to decrease as a result of the tough trading conditions, with 14 stores targeted for closure if rents can not be reduced when their leases come up for expiry over the next two years.
Wholesale revenues in the UK & Europe rose 17 per cent during the year, operations in Asia & North America performed strongly, and overall licensing income grew 47 per cent to £8.5 million
With these successes, no debt and net cash of £34.2 million, the group hopes that despite the significant challenges it faces the group has a steady platform on which to adapt to current market conditions.
Marks added: “We have demonstrated our ability to produce fashionable, wearable products over the last 40 years and will continue to do so.
“With the help of the review of operations, a strong balance sheet and our global brand, we will return the business to the level of profitability we feel the group deserves.”


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As early frosts and snowfalls signalled the approach of winter, confidence within the rural sector continued to build, Real Institute Institute rural spokesman Brian Peacocke said yesterday.
Farmers were anticipating improving incomes during the forthcoming season.
Demand for quality properties and the shortage of supply remained constant, he said.
Figures released by the institute showed there were 25 more farm sales for the three months ended May than for the three months ended May 2016.
Overall, there were 514 farm sales in the three months ended May compared to 473 farms in the three months ended April and 489 farm sales for the three months ended May last year.
In the year to May, 1790 farms were sold, 1.4% more than last year.
The median price per hectare for all farms sold in the three months was $27,212, compared to $26,683 in the previous corresponding period.
Mr Peacocke said nine regions recorded increases in sales volume for the three months ended May 2017, compared to the three months ended May 2016. Waikato recorded the largest increase in sales, up 23 sales, followed by Otago, up 16, and Southland, up 14.
Compared to the three months ended April, 10 regions recorded an increase in sales.
''Sales figures for the three month period ending May reflect a steady tone in the rural market as the productive portion of the season tapers off, albeit sales prices are giving mixed signals.''
Despite an oversupply of rain and resulting crop and pasture management difficulties in some areas, most regions had benefited from favourable autumn conditions, he said.
Finishing properties accounted for the largest number of sales, at 31% over the period. Grazing properties accounted for 30%, dairy properties 17% and horticulture properties 12% of all sales. Those four property types accounted for 90% of all sales during the three months ended May, Mr Peacocke said.
In a separate release, he noted there were 214 fewer lifestyle property sales in the period, compared with the three months ended May last year.
Overall, 2304 lifestyle properties were sold in the three months.
The median price for all lifestyle properties sold in the three months was $626,500, $52,000 higher than the pcp.
Mr Peacocke said sales figures for the most recent three months showed a substantial lift in volume for May, compared to April.
However, those numbers had not reached the peak experienced during the similar period 12 months ago.
Reports from around New Zealand indicated an ongoing shortage of quality properties, most likely being reflected in the substantial upturn in values experienced during the past 12 months.
The majority of regions had felt the benefits from the increase in volumes and prices. The exceptions were Gisborne and the West Coast.
Wellington recorded the largest increase in sales, up 40, Manawatu-Whanganui increased by 37 and Southland had an increase of 14 sales.


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The new Overwatch PTR changes have been revealed
Today saw a new Overwatch PTR patch release, putting a new version of the game into testing.
PC players who have signed up to the test servers now have access to the build and it doesn’t look so good for Mercy mains.
Having made major changes to the healer earlier this year, further changes are being looked at that would nerf the character’s effectiveness.
Valkyrie no longer resets or lowers Resurrection’s cooldown on the game's PTR, instead it now doubles Resurrection’s range.
While the specifcs haven’t been shared by Blizzard, players on Reddit are reporting that cooldown stays at 30 seconds when Valkyrie is active.
Other changes noticed by players but not confirmed by Blizzard:
- Junkrat - Tire is slower
- Genji - You seem to starts slashing faster. If Genji is stunned while winding up Dragonblade it still continues on rather than being completely wasted. It still immediately goes down to 0% ult charge upon pressing Q, just like every other ult in the game after the last patch. Apparently same thing with Lucio's and Soldier's ult.
- D.va - Your mech no longer just drops when using the new "hold to boost" option
- Sombra: EMP now affects training bots
While these changes are sparking debate among fans, there’s still the chance they won’t be incorporated into the full game.
Blizzard will be testing the new changes to see if they work on PTR, with no timeline given for their inclusion.
What we do know is that the new Overwatch Halloween event will be launched on October 10.
This raises the possibility that the latest PTR changes could be added to the overall update, or around the sametime.
It has now been confirmed that all the spooky goings-on will end on November 2, neatly before the start of Blizzcon 2017.
More details are expected closer to the start of the event, with Blizzard currently only providing a short teaser on Twitter.
"The nights grow cold And monsters appear, A great evil gathers and Halloween draws near...," the teaser reads.
Blizzard also shared the first of the new Overwatch Halloween skins which will be added to the game this year.
McCree and Reaper are both featured wearing new Halloween costumes, although more will likely be added alongside last year’s selection of outfits.
With the return of the Summer Games, the old skins introduced last year were made available at a slightly cheaper price.
Classic Summer Games skins cost 1,000 credits, instead of the 3,000 credits it usually takes to unlock limited Legendary skins. The new skins were sold at 3,000 credits.
New Summer Games 2017 cosmetic items were also priced at 3,000 for Legendary Skins, 750 credits for Epic skins, 225 credits for Rare tier items and 75 credits for common tier items.


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UK farmers are to receive the same level of subsidies they receive from the EU for five years after Brexit, the government is to promise.
Environment Secretary Michael Gove will tell farmers the current system of payments based on the land they own will continue until March 2024.
The subsidies – now £3bn a year – will then be replaced by a system to encourage environmental improvements.
Meanwhile, a report warns Brexit trade deals could threaten UK food security.
MPs and peers in the All-Party Parliamentary Group on Agroecology (AAPG) say ministers must ensure famers are not undermined by future trade deals which permit imports of food produced with lower welfare or environmental standards.
Mr Gove, who has promised that standards would not be compromised post-Brexit, is due to address two farmers’ conferences in Oxford later.
His speech comes ahead of the government’s agriculture plans being published this spring.
Detailing how the European Union’s Common Agricultural Policy (CAP) will be replaced after Brexit, Mr Gove will say taxpayers’ money should be used to boost public access to the countryside, and be spent on infrastructure and supporting rural communities.
He will say the CAP is “unjust, inefficient and drives perverse outcomes”.
Its subsidies will be replaced by payments for planting woodland, boosting wildlife, improving water quality and recreating wildflower meadows.
‘Best possible deal’
The AAPG report says post-Brexit trade deals could pose the biggest peacetime threat to the UK’s food security.
According to the group, the import of cheaper foods that are produced to lower safety and welfare standards could place UK farmers at a disadvantage.
“To compete with these lower prices, domestic farmers could seek to tighten their margins and therefore cut corners with regards to environmental regulations,” the AAPG said.
“If the UK is unable to protect its farmers from being undermined by lower welfare imports, farmers are likely to resist improvements and may even press for UK standards to be lowered.
“There is a real danger that enhanced compatibility of regulations would make it very difficult for the UK to improve its standards in areas such as animal welfare, food safety and pesticide use and residues.”
It comes amid concerns that a post-Brexit deal with the US could include chlorine-washed chicken and hormone-fed beef.
The use of certain growth hormones in cattle-rearing is legal in the US but in 1988 the EU banned the use of several major growth promotion hormones, which it said posed a potential risk to human health.
In the US, it is legal to wash chicken carcasses in chlorinated water to kill germs – but this has been banned in the EU since 1997 on welfare grounds.
In relation to chlorine-washed chicken, Mr Gove has said the UK should not allow these imports in a post-Brexit trade deal with the US, but Trade Secretary Liam Fox has said the practice was “perfectly safe”.
A Defra spokesman said: “We are committed to securing the best possible trade deal when we leave the EU – one which includes a comprehensive free trade deal with the European Union and, in due course, the chance to negotiate new free trade agreements with other countries.”


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DETROIT — New vehicle sales for 2017 are expected to remain on pace with last year, even as incentive spending hits record levels through April, according to a forecast developed by J.D. Power and LMC Automotive.
LMC predicts total light vehicle sales in 2017 will slip by 40,000 units to 17.5 million, a decline of 0.1 percent from 2016.
"While industry retail sales pace remains high, it is being powered by elevated levels of incentive spending, which pose a serious threat to the long-term health of the industry," said Deirdre Borrego, senior vice president of automotive data and analytics at J.D. Power, who noted that the value of incentives used to sell new vehicles had increased by $1.9 billion through the first four months of 2017.
Total incentive spending in the marketplace stands at $16.4 billion through April, up 13 percent from last year, the market analysts said.


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Litecoin Grows 655% in Just Two Months
Litecoin, a cryptocurrency that enables instant payments to anyone in the world, is experiencing a massive level of rapid growth.
The cryptocurrency has gained 655% in a two month period, growing from a value of $3.98 on March 7th, to 30.06 on May 7th. This is according to Coinbase.com, one of the world’s most popular platforms for purchasing and selling cryptocurrency.
Litecoin’s single-month growth is also massive, gaining 183% from 10.59 on April 7th, to the previously mentioned 30.06 on May 7th.
According to Litecoin.org;
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. It features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.
Some legal marijuana outlets in Washington are already accepting Bitcoin for marijuana sales, with approval from the state. This makes cryptocurrencies such as Litecoin relevant to the growing marijuana industry, which must deal with the fact that most banks won’t work with them out of fear of federal persecution.
Ethereum, another cryptocurrency, is also experiencing a rapid increase in value, growing from 11.43 on February 7th, to 93.64 on May 7th; an increase of 719% in just three months.


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Proposed Class Action Settlement Involving Lenny & Larry’s Cookies Amended to Give Consumers More...
Plaintiffs in the case, Cowen et al. v. Lenny & Larry’s, Inc., alleged that labels for the defendant’s “The Complete Cookie” product included inaccurate nutritional information.
Beavers' Inc., owner and operator of 51 Arby's locations in south Alabama, Georgia, Louisiana, Mississippi and the Florida Panhandle, has agreed to pay $84,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced
Veterans and transitioning servicemembers face unique barriers to entry into licensed civilian occupations. Despite having acquired relevant skills and experience, veterans and transitioning servicemembers can encounter lengthy processes and educational requirements to obtain the credentials, such as occupational licenses, needed to enter civilian employment that can impose additional time and financial costs.
General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans...
The Department of Justice announced last week that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to resolve claims involving subprime residential mortgage loans
According to HUD’s Charge, Facebook enabled advertisers to exclude people whom Facebook classified as parents; non-American-born; non-Christian; interested in accessibility; interested in Hispanic culture; or a wide variety of other interests that closely align with the Fair Housing Act’s protected classes.
The U.S. Department of Commerce allocated $20 million to help tribes, communities, fishermen, and businesses affected by commercial fishery failures that occurred in Georgia, California, Oregon, and Washington between 2013 and 2017.
Check out the winner from Georgia!
According to his plea papers, Mr. Rice, 30, admits he lied to would-be investors, claiming that AriseBank – billed as the world’s “first decentralized banking platform” based on the proprietary digital currency AriseCoin – could offer consumers FDIC-insured accounts and traditional banking services, including Visa-brand credit cards, in addition to cryptocurrency services.
Fiat Chrysler Automobiles (FCA) has agreed to voluntarily recall of 862,520 vehicles in the United States.
The Federal Trade Commission last week announced its first case challenging a marketer’s use of fake paid reviews on an independent retail website.


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What tea professionals need to start the week —
Weathering the retail storm…Tea growers in Sochi share a cup with Olympic Winter Sports spectators and press… Art of Tea CEO Steve Schwartz sounds secure on CNBC… tea offers a welcome relief to snifflers during the latest cold snap... India sets production record in 2013 of 1.2 million metric tons of tea…Rishi Tea breaks ground on a 50,000 sq. ft. facility that opens in late summer.
A Cold Blow
January delivered a cold blow to retailers following a chilly December. Sales for the month declined in the U.S. by .4 percent which added to a somber .1 percent drop in December, according to U.S. Commerce Department figures. December sales were previously reported as positive.
Explanations for the declines varied — job growth slowed, consumer confidence waned, sales of new autos fell and wage gains are stagnant following a strong fourth quarter — but economists could all point a finger at the unusually cold weather.
Snowfall in January across the U.S. was almost four times greater than normal, according to HAM Weather. There were 1,073 snowfall records and 4,406 new cold temperature readings during the month, mainly in the eastern seaboard, Mississippi Valley and southeastern states. New York City reported 8 inches of snow in Central Park on Feb. 4., a record for the date while Chicago received 33.7 inches during January. It was the coldest January since 1994 on average based on a measure of energy demand. The Northeast is on track for the coldest winter since 1982 based on December to February temperatures.
Meanwhile in the West, cities in California and Arizona and the Pacific Northwest recorded 783 record highs during the month.
The Commerce Department said that spending at department stores decreased 1.5 percent in January. Foot traffic at malls continued off pace and McDonald’s Corp. said that same-store sales fell for the third straight month in January, blaming both the weather and declining consumer confidence.
February is looking up somewhat. The Thomson Reuters/University of Michigan index of consumer sentiment is stronger than projected for February, according to Bloomberg.
Tea Growers Welcome Olympic Tourists
SOCHI, Russia — Reporters at the Olympics said they are enjoying tea and biscuits at a tea stall developed by people from Russia’s Kuban region. The region, which includes Sochi, is home to several tea gardens.
A reporter for the Boston Globe noted the tea corner in the media center is very popular with the press:
“Women (in traditional costume) pour piping hot cups of black tea, then serve the drink with piles of biscuits, cookies, and packets of honey. For free. “With love from the Kuban people,” the women say.
A Russian peasant who developed a winter-resistant tea hybrid in 1901 established Sochi as an important domestic supplier in a nation of tea drinkers. The region’s six gardens produce about 2,000 metric tons of tea.
Russia imports the largest quantity of tea in the world to serve a population that likes its tea full-bodied and hot. Russians consume 3 pounds of tea per capita to rank 4th behind England among the world’s tea drinkers.
Visitors to the Olympic Games in this Black Sea resort town are discovering Sochi has a long history of tea growing and several tea chalets including the two-story Sochi Tea House where visitors can enjoy locally grown black teas. Tours also stop at the Museum of Samovars and include a tea party in a Russian wooden Izba.
Tea drinkers will find the ever-present samovar in area restaurants and homes. This large urn is designed to keep water hot and tea on the boil in a kettle at the top of an internal chimney. Today’s samovars are electrically heated but old style samovars have a fire bin where coal, charcoal and small sticks were burned for heat. The concentrated tea is then diluted about 10:1 and mixed with jam or lumps of raw sugar.
Green tea is preferred in the region bordering China but the people of Eastern Russia are largely black tea drinkers who sometimes place a cube of sugar in their mouth as they sip.
Vyacheslav Moroz, director of the Dagomy-chai tea garden, told USA Today that Sochi tea is grown with little interference from pests as the cold weather proved fatal to insects and also prevents the growth of many tropical blights, fungus and diseases. Tea is ecologically farmed, clean of pesticides, certified organic, harvested mechanically and sold internationally.
The tea is known as Krasnodar Tea after Judas Antonovich Koshman, the Ukrainian peasant whose plants stocked Sochi’s first successful tea plantation in 1905. It is the northernmost commercial growing region for tea in the world.
Tsar Nicholas II owned a large cattle farm and botanical garden in Dagomys, a section of Sochi about 870 miles south of Moscow. Located along the Black Sea coast with the Caucasus Mountains nearby, this former military outpost became a resort for the wealthy. Since 1689 tea was largely imported from China along an 11,000 mile trade route and very expensive, according to the Liberty Voice. Tea was first introduced in Russia in the mid-1600s as a gift from Mongolia to Tsar Michael I and was used by the nobility for medicinal purposes.
“By the late 1700s, tea was gaining acceptance in Russian society which brought the prices down. It was during this time that the first factory production began of the uniquely Russian “teapot,” the samovar,” according to the Liberty Voice.
Tea growers that settled near Sochi were unsuccessful in the 1870s and 1880s due to the winter weather. The Tea Museum in Sochi tells the story of a Russian expedition in 1896 that purchased 2,000 kilos of Chinese tea seeds but fewer than 5% germinated. Koshman experimented with the stock and managed to grow 800 bushes in Solokh-Aul, a fertile region about 30 kilometers south of Sochi protected from the harsh winter.
Full scale commercial production began in 1936 in Dagomys-chai. By the 1980s the 5,000-acre garden was one of the largest suppliers of tea to the Soviet Union.
Invest in Security
Art of Tea founder Steve Schwartz was interviewed recently on matters of cyber security. His advice to small business owners: Invest in online security.
Schwartz told a CNBC reporter that security is a priority because cybercriminals don’t discriminate based on business size. “We’re just as sensitive and susceptible to what’s happening with Neiman Marcus,” he said.
The Los Angeles-based tea importer and wholesaler said that his company’s online security software costs about $100 per month, plus an additional charge per online transaction. The system issues an alert when there is suspicious activity.
Two members of his staff of 25 monitor online security since the bulk of his business is online, he said.
CNBC reported that “roughly 77 percent of small firms believe their company is safe from a cyberattack — even though 83 percent of those firms do not have a written security policy in place, according to the National Cyber Security Alliance.”
Consumers are concerned following several high-profile breeches involving sensitive credit card transaction and personal information. According to security experts those who become victims switch banks, switch credit cards providers and they switch retailers.
Quell Winter Sniffles with Cup of Hot Tea
It is the season of snow angels, skiing and skating, and coughs and colds. When nasty sicknesses hit, many turn to the tea cabinet. While no tea or herbal remedy can cure a virus, some of them may be able to offer some comfort from the symptoms.
Sore throats can always benefit from warm liquids, so choosing tea is a natural. A dose of honey in the cup can help coat and calm a ticklish throat. Because lemon has natural antibacterial properties, some believe it can help fight the effects of illness. It is also possible that its acidity changes the general environment within the throat, impacting uncomfortable sensations. Licorice root tea helps to reduce inflammation and chamomile may help to relax muscles, easing pain. Tea’s flavonoids also offer anti-inflammatory properties.
Sinus pain is frustrating and uncomfortable. Ginger is a great help when congestion takes hold. The spicy smell opens stuffed sinuses. It also helps to loosen mucus and can serve to increase circulation. Cinnamon’s powerful aroma can also help open up those sinuses as well.
As tempted as one might be, cold sufferers shouldn’t sip too hot a cup or it may burn the throat, increasing discomfort, rather than easing it.
Read more about home remedies here.
Rishi Breaks Ground on Warehouse
MILWAUKEE, Wis. – Rishi Tea broke ground on a new 50,000 sq. ft. office, warehouse and blending facility last week
“We’ve laid a foundation for respect in the tea market, a respect for our quality distinction and innovative approach to tea making. Building this facility represents a renewed investment in our foundation – our customers. It also will enable us to improve our ability to deliver the very best tea products in the world,” said Joshua Kaiser, Rishi Founder and CEO.
The new building, located in the Menomonee Valley industrial park, is expected to be completed by mid-August. It is situated on a 3.8 acre site. The company last moved eight years ago when it leased a 13,000 sq. ft. property and quickly expanded to 38,000 sq. ft. of leased space. It has since outgrown its current home.
“We’re more than completely out of room,” Rishi Co-owner and Vice President Benjamin Harrison told the City of Milwaukee’s Redevelopment Authority in July. “We’re bursting at the seams and storing a lot of product off-site. … Quite simply, we are out of space, and we need to grow.”
Rishi now shops to 50 states and 10 countries. “We’re an international company with roots in Milwaukee. The decision to build a production facility here was very important to us. We’re glad to stay in our hometown,” said Harrison.
Briohn Building Corp. Brookfield, Wisconsin, is responsible for architectural design and construction of the pre-cast concrete structure. “They’ve understood our goals and are making it possible for us to achieve them,” said Harrison.
Although the new facility is only 10,000 sq. ft. larger than the space it current occupies, Harrison said Rishi will be able to use the space much more efficiently due to the building’s 24-foot clear height and layout.
In a report in the Milwaukee Sentinel, Harrison said the company currently employs 46 and “could easily add 20 more in the next five years.” The firm is growing at a rate of 10% per year, he said. The building could eventually be expanded by 20,000 to 30,000 sq. ft.
Rishi Tea obtained $1.86 million from a city-affiliated lender to help finance the project. The Redevelopment Authority sold the land for $120,000 per acre.
India’s Domestic Consumption
MUMBAI, India – Thanks to the Herculean efforts of India’s small tea growers, the country is approaching China as the world’s largest tea producer.
The Indian Tea Association proudly declared this week that overall production grew by 6.5 percent last year for a record 1.2 million metric tons of tea. Small growers contributed more than 30% of the total according to India Tea Board estimates. India was the dominate producer and exporter for many years but China has since invigorated its production and desire to export.
Last year China produced about 1.75 million metric tons and is expected to produce at least 1.8 million metric tons in 2013 but an official total has not been released. China accounted for 35 percent of the world’s tea in 2012 and India accounted for about 21 percent of the 4.3 billion kilos produced. Kenya and Sri Lanka are distant third and fourth, each producing less than .375 million metric tons. Unlike China and India, relatively little tea is consumed in Kenya making it the largest exporter of black tea. China is the largest exporter of green tea.
China also has a much more robust tea manufacturing, bottling and packaging sector than India. Revenue for China’s Tea Production industry has been increasing at an annualized rate of 17.4 percent to an expected $14.7 billion in 2013. The industry has increased its share of China’s beverage market over the past decade to about a quarter, according to IBISWorld.
Kenya is the world’s largest black tea exporter but adds value to only 8% of its exports while India, the region’s other tea powerhouse adds value to only 11% of its tea exports.
The production increase had little impact on India’s exports however as the majority of this tea was CTC grade and virtually all was consumed by the fast-growing domestic market. India exports CTC mainly to Egypt, Pakistan and the U.K. with orthodox production to Iraq, Iran and Russia. North America is generally the fifth or sixth largest ranked export destination but demand here continues to increase.
Domestic consumption reached 856 million kilos in 2011 and 875 million kilos in 2012. Final numbers are not available but the Tea Board estimates consumption will top 880 million kilos. Growth continues at 2% to 3% annually which will mean India will have to begin importing tea to meet its domestic demand and maintain export targets. Per capita consumption rose to 718 grams (1.58 pounds) in 2011, about triple the U.S. Domestic consumption is rising steadily from a per capita count of 654 grams (1.44 pounds) in 2001.
Assam continues to lead the nation’s five growing regions with an April-December harvest of 607 million kilos, up 5% compared to the previous year. West Bengal tea growers increased yield by 11% to 290 million kilos according to Tea Board data.
The southern growing regions of Tamil Nadu, Kerala and Karnataka showed a 16% increase for the period to 196 million kilos.
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