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Rumours that Amazon is considering crypto are boosting confidence in Bitcoin.
Bitcoins are Back
Is Bitcoins' slide into oblivion over?
CoinDesk reports that cryptocurrency's value jumped to $39,000 last night. This is a jump of nearly 12 percent in the past 24 hours and the latest drama for unpredictable digital money.
CNBC reports that speculations that Amazon might be entering the crypto market are what fueled Bitcoin's resurrection from the dead. CNBC reports that Amazon is looking for a lead in digital currency and blockchain products. This suggests that they could be moving into the sector or even accepting cryptocurrency payments from online customers.
It is a single job posting and Amazon has not yet announced plans to enter the cryptocurrency space. CNBC was told by a spokesperson that Amazon is inspired and exploring the possibilities of what the crypto space could look like.
Boom and bust
Then there was the possibility that Tesla CEO Elon Musk suggested at a Blockchain Conference last week that Tesla might accept Bitcoin for car payments again, after having reversed similar plans in May. Musk revealed that SpaceX is also hoarding Bitcoin, and not Tesla.
Bitcoin and other cryptocurrency like it have experienced many boom and bust cycles. This year is just the latest.
The year has been a disaster for cryptocurrency, even by its chaotic standards. However, China announced a crackdown against all cryptocurrency mining activities within its borders. Bloomberg reports that experts believe that the crackdown could lead to an outright ban.
It is not clear if this could slow down Bitcoins revival this week. It is high-risk to invest in crypto, it is obvious.
READ MORE: Bitcoin reaches $39,000 for the first-time in 6 weeks [CNBC]
Elon says SpaceX is also hoarding Bitcoin and not just Tesla
Futurism readers are invited to join the Singularity Global Community. This is our parent company's forum for futuristic science and technology discussions with other like-minded people around the globe. Sign up today to get started!


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LG have announced that Nvidia Tegra 2 chips will be included across its range of forthcoming Optimus devices.
Nvidia have previously claimed the chip can stand shoulder to shoulder with the iPhone’s snappy A4 processor, and while it was initially optimised for use in Android devices, this new announcement will see the chips also used in LG’s Windows Phone 7 devices.
“LG is committed to making its Optimus Series smart devices the de facto standard in speed and graphics performance,” said Chang Ma, Vice President of Marketing Strategy Team, LG Mobile Communications Company. “We selected NVIDIA because it is the visual computing leader and has a long history of creating amazing consumer experiences.”
“The ultimate smartphones will be powered by Tegra, the world’s most advanced mobile processor,” added Phil Carmack, senior vice president of NVIDIA’s mobile business. “LG is one of the most popular consumer brands, and their Optimus Series of devices with Tegra is further validation of the processor’s ability to deliver an unrivalled, turbocharged media experience.”
The chip features the world’s first mobile dual-core CPU, offering as much as 5x better mobile gaming performance, double the web browsing speed and silky smooth 1080p playback.

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Beyoncé’s BeyGOOD Foundation Partners With Lexus To Give Back To Black-Owned Businesses
The North American leg of Beyoncé‘s Renaissance World Tour is off to a thrilling start, with the Queen finding a way to give back to small Black-owned businesses through her BeyGOOD Foundation. Now luxury car company Lexus has joined in on the fun, pledging nearly half a million dollars to her efforts as the official automotive partner of Bey’s tour.
The goal is to even the economic playing field for small business owners and provide sustainability resources through substantial grants, to which Lexus will contribute an additional $10,000 per recipient.
“Lexus is honored to be part of Beyoncé’s RENAISSANCE WORLD TOUR and contribute to BeyGOOD Foundation’s mission focused on economic equity,” said Mia Phillips, senior manager of advertising and media for Lexus. “We are confident this collaboration will make a significant impact on entrepreneurs in every city we touch.”
In 2020, Beyoncé and the BeyGOOD Foundation created the Black Parade Route in an effort to promote and support Black-owned businesses. The megastar singer donated $1 million to support small businesses in 10 cities throughout the U.S. and the United Kingdom, according to PR Newswire. Beyoncé is continuing her commitment by way of business impact luncheons to celebrate grant recipients in Chicago, New York, Charlotte, N.C., Atlanta, Los Angeles, Houston, and New Orleans for the duration of her Renaissance World Tour.
“Delighted that Lexus has committed support for small business owners nationally, through BeyGOOD’s Black Parade Route,” said Ivy McGregor, executive director at BeyGOOD Foundation. “This alignment supports entrepreneurs, families, and communities at large. We believe everyone has the right to economic equity.”
Throughout her tour, Beyoncé fans can experience a one-of-a-kind version of the Lexus LC 500 which includes a premium chrome-wrapped exterior and jewel accents on the mirrors, headlamp surrounds, wheel center caps, and license plate frame, perfectly complementing the vibe of the ultimate summer Renaissance!


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Consumer spending grew 5.1 per cent year-on-year in May – the highest level recorded since April 2017 – driven by a strong rise in in-store spending (2.6 per cent).
Data from Barclaycard, which processes nearly half of the nation’s credit and debit card transactions, shows that hot weather over the Early May Bank Holiday encouraged shoppers to head out and about, bringing good news to the high street.
This rebound in expenditure also saw non-essential spending growth reach a 14-month high of 4.6 per cent, with the warm weather boosting fortunes in clothing (5.8 per cent) as shoppers updated their wardrobes. In particular, spending on women’s clothing rose 2.9 per cent – the first increase since June 2017.
In a stark contrast to the negative impact of the ‘Beast from the East’, the hottest Early May Bank Holiday on record boosted spending for many retailers. During that time, Brits spent 19.7 per cent more in DIY stores and 10.1 per cent more in supermarkets compared to the same long weekend in 2017. Garden centre spending rose 50.3 per cent over the three days, which led to the category bouncing back to 23.8 per cent growth overall in May.
|Year-on-year growth during the Early May Bank Holiday weekend (per cent)||Overall year-on-year growth in May (per cent)|
Pubs also performed well, rising 19 per cent during the long weekend as Brits flocked to pub gardens to make the most of the sunshine. This boost led to pub spending reaching 12.5 per cent overall growth in May, returning to levels last seen in January.
The experience economy looks poised to hold strong as better weather sets in, with many consumers set to adjust their spending accordingly to make sure they don’t miss out on the summer’s top sporting and music events. Nearly a quarter (22 per cent) of Brits intend to spend more on experiences this summer: of these, more than a third (35 per cent) plan to visit specific events such as festivals, while 20 per cent say major sporting events are likely to draw them to the pub more often than usual.
Despite Brits allowing themselves to enjoy the sunny weather, a degree of caution remains. While maintaining the overall steady levels seen earlier this year, the number of consumers expressing confidence in their household finances has weakened slightly to 57 per cent, down from 62 per cent in April. What’s more, despite inflation falling to a 13-month low in April, fewer than one in 10 consumers (9 per cent) feel they have experienced a positive impact on their spending power.
Esme Harwood, Director at Barclaycard, said:
“Although a degree of caution remains, UK shoppers felt confident enough to let themselves enjoy the sunny weather in May. This brought good news for the high street as Brits updated their wardrobes – with growth on clothes going up by the highest amount in two years – and took to pub gardens to enjoy the blue skies.
“Looking ahead, it seems the experience economy will remain a top priority as consumers plan to treat themselves to major music and sporting events. In the next few months, we expect to see families carefully balancing their budgets to ensure they don’t miss out on their must-see and must-do experiences of the summer.”


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There are plans for a third Costa Coffee shop to open in Southport town centre.
Costa, a brand synonymous with piping hot panini and iced coffees, has submitted an application to occupy the unit at 1 Chapel Street, on the corner of Eastbank Street.
The large corner unit has been home to several retailers in recent years. Costa already has an existing coffee shop on Lord Street, and another at Central 12 retail park on Derby Road. The proposed opening hours of the new shop are from 6.30am to 8pm.
Andrew Sloman, the manager of Southport BID, said: "We welcome any investment in Southport town centre. This particular unit has had a number of temporary occupants over the years. Costa is hugely popular national brand."
Andrew recognised that trading conditions were not perfect in the town centre, and that the closure of the nearby McDonald's restaurant would have reduced footfall in the area.
He said: "We have to be realistic. We are still experiencing challenging times on the high street, and we have to welcome such a recognised and successful brand to this part of Southport town centre."
A report on the application, prepared by agents, included a statement from Jason Cotta, managing director of Costa Retail UK, who is a member of the Future High Streets Forum.
He said: “Coffee shops have effectively become more than just a place to enjoy a hot drink. They play an integral role in terms of the social and economic development of the high street; from employment opportunities to providing friendly community meeting hubs.
"As a panel member of the Future High Streets Forum, we have been working closely with local councils to revive and develop their high streets.
"I welcome the findings of this report which reinforces the role of coffee shops in driving footfall to the high street, as well as helping to improve the viability of the area."
The report also states: "The introduction of a vibrant cafe use would only assist in improving the diversity and vitality of the frontage in which the application site is located. The proposed use will also promote the competitive town centre, providing additional customer choice and a diversified retail offer."
The document also argues that coffee shops help create the type of high street promoted by the Portas Review. It reads: "The author suggests that new high streets will not be just about selling goods. It envisages that the mix would include shops but would also include a diverse range of uses including social, commercial and cultural enterprises and meeting places. It states that high streets should become places where we go to engage with other people in our communities, where shopping is just one of small part of a rich mix of activities."
Founded by Italian brothers Sergio and Bruno Costa in 1971, Costa began life as a wholesale operation supplying roasted coffee to caterers and specialist Italian coffee shops. The company was bought out in the mid 1990s, and now belongs to a subsidiary of the Whitbead Group. The brand has since built up a large presence in high streets and shopping precincts across the country.
Sefton Council will now consider the planning application.


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© youssouf-cader-dreamstime.com General | September 03, 2013
So what of Nokia?
As the smoke clears from this morning's breaking news: Microsoft buys Nokia's phone business. So, what will remain of the Finnish phone giant?
Nokia will continue working to develop technologies. Here, the patent portfolio will come in handy as it covers large aspects of basic communication. Among other things, Nokia will explore new business opportunities through advanced research, development and concept products in areas such as connectivity, sensing and material technologies, as well as web and cloud technologies. The move also means that Nokia can concentrate more on NSN, Nokia Solutions and Networks, to try and challenge players such as Ericsson in the field of mobile broadband and infrastructure for communications. The third - and last - area in which Nokia wants to continue working is HERE, the mapping systems. The added 5,44 billion euro will allow Nokia to invest in those three fields, according to the company.


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#Crypto #Blockchain #Cryptocurrencies #CryptoAssets #CryptoRegulation #CryptoLaw
With crypto frauds on the rise, governments across the globe are ready to tighten the noose around the crypto market. The central government is also finally close to formulating a law on cryptocurrencies. Business Today TV has exclusive information that the government will submit its response to the global Financial Action Task Force on the mutual evaluation of cryptos by early 2023. Karishma Asoodani tells us what she is picking up from your sources.
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Posted on Thursday, May 10, 2018 at 7:55 am CDT - Featured
IvyPanda.com, a study assistance company located in Sacramento, California, announced that it has successfully raised $300K in funding from angel investors. The raised funds will fund IvyPanda.com's global expansion, as well as its charity programs.
Posted on Friday, April 27, 2018 at 5:22 pm CDT - Featured
The global online on-demand laundry service market was valued at around USD 9,358 million in the year 2016 and it is expected to reach approximately USD 96,155 million by 2024. The global online on-demand laundry service market is expected to exhibit a CAGR of around 34% between 2017 and 2024.


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April 10, 2014 By Anthony Capkun
April 10, 2014 – By providing a unique environment for customers to discuss product needs—as well as observe the manufacturing process of wire and cable that crews will deploy in the field—Southwire believes the Southwire Energy Center extends the company’s reputation for innovation as an energy industry supplier.
“We believe the Southwire Energy Center is unlike any plant our customers have ever toured,” boasted Michael Tribble, vice-president, Substation Cables. “We have co-located our sales and product development teams with our manufacturing and logistics operations. This builds stronger collaborative problem-solving in a modern facility that allows customers to be involved in product development and observe the manufacturing process like never before.”
Located in Villa Rica, Ga., the centre will aim to develop smart grid components and products for renewable energy projects. However, the new multimillion-dollar facility’s primary focus is to expand Southwire’s substation cable technology and solutions. In fact, the company says the facility will pioneer a ‘substation kit’ that will be custom-packed with all of the cable components needed to build or upgrade a substation based on customer specs for individual projects.
The centre will manufacture specialty substation cables along with control cables that include Southwire’s Proof Positive Technology to help deter theft.
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The Canadian Manufacturer of mobile phones, BlackBerry recently tipped to launch a square-shaped Passport-esque smartphone: Oslo with its own mobile operating system. But now, a report of Re/Code has surprised the world, which is suggesting about the arrival of an Android based BlackBerry phone. Yes, instead of BB 10 OS, crowd-pleasing mobile operating system of Google is reportedly going to embellish next device of firm for the first time.
However, BlackBerry phones are well-know for their business productivity that provide secure and consistent user experience. But, demand of Android and Apple iOS are on the high verge in market, where BlackBerry OS is less desirable among tech-savvy youth, say four sources familiar with the matter. Here, a question should pop up in your mind that why young-generation is gaga over Android and iOS? So, companies behind the firmwares managed to win mass appeal by offering elegant user interface and a bevy of intuitive, seamless and user-oriented applications via their app stores.
At this place, it has been mentioned in report that "This move would be an about-face for the Waterloo, Ontario-based company, which had shunned Android in a bet that its BlackBerry 10 line of phones would be able to claw back market share lost to Apple iPhone and a slew of devices powered by Android. This firm once dominated smartphone sales, now has a market share of less than 1 percent."
As reported by Re/Code, two informants chose to be anonymous said that it's basically an attempt of mobile maker to promote its BES12 platform, which is an enterprise mobility or we can say device management solution that works across many different platforms such as Windows, iOS and Android. Furthermore, it has been speculated that Canadian maker might use Android on its yet-to-be announced slider device that will probably seen light of the day in this autumn.


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"Vote the a--holes out", with this phrase Patagonia is making a fuss in the social media and far beyond. It can be found on the label back of the current shorts series "Road To Regenerative Organic Stand-Up Shorts". A photo of it went viral on Twitter. The tags are a call to vote against politicians who deny climate change, according to Patagonia spokeswoman Tessa Byars. "We've been fighting the climate deniers almost as long as we've been making these shorts," she told NBC News.
In view of the upcoming presidential elections in the USA and the burning forests in California, this sentence sounds more topical than ever. But in fact, it has a longer tradition at Patagonia. Patagonia founder and environmental activist Yvon Chouinard has used it repeatedly in recent years to refer to politicians who reject climate protection because they are lubricated by the oil and gas industry.
It is not the first time that Patagonia has made headlines through political actions or open criticism of politicians. In 2017, the company sued President Donald Trump because his government wanted to drastically reduce the size of two US national parks that are protected monuments. On the front page of Patagonia's website was the message: "The president stole your land." Many other environmental projects and environmental actions have been initiated by the brand in the last decades, not only in the US, but worldwide.
Patagonia also has the consumer in mind. For example, the company has been calling for prudent consumption for years and is committed to repairing clothes instead of buying new ones. Patagonia regularly uses global shopping battles like Black Friday for protest actions, either by demonstratively closing its own stores or donating the daily turnover to environmental protection projects.


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Bis-phenol A which is present as a component in poly carbonate feeding bottles and resin coatings in sanitary cans was a focus of intense scrutiny after it was implicated in health risks, especially to infants. Though the scare about its safety among consumers made many industry players to shun use of poly carbonate in feeding bottles and can resins, there has never been any formal banning of this chemical by any safety authorities in the world. Still BPA was subject matter of intense safety studies during the last two years with no adverse finding emerging so far and it is not surprising that the EU Safety Authorities have given it unqualified approval for use as long as the level does not exceed the prescribed limit. Here is a report from the EU.regarding the present status of BPA vis-a-vis processed foods.
"Time after time when the comprehensive body of research on BPA is evaluated by unbiased scientific experts, the conclusion is the same -- that BPA does not pose any risk to infants, children, or adults from exposure through food contact applications," said Dr. John M. Rost, NAMPA Chairman. "This latest affirmation of BPA's safety in food packaging should prompt consumers to question the motivation behind the negative publicity on BPA, a material that not only protects food, but that repeatedly has been found safe by expert regulatory bodies worldwide." Over the past several weeks, EFSA conducted a thorough review of new scientific studies. This review was conducted at the request of the European Commission, following recent concerns raised by a report from the French food agency (ANSES). Responding to those concerns, EFSA noted that ANSES had conducted a limited hazard identification process, while EFSA had conducted a full risk assessment on BPA. Based on this latest assessment, EFSA upheld the finding of its 2010 review that the existing tolerable daily intake (TDI) for BPA would "protect all human populations for lifetime exposure to this substance through diet." EFSA also indicated plans to establish a multidisciplinary working group to monitor and review new scientific studies on BPA. "BPA-based epoxy coatings used in metal packaging enable high temperature sterilization that eliminates the danger of food poisoning or contamination," continued Dr. Rost. "These coatings are extremely effective, thoroughly tested, and safe, as reiterated by this recent EFSA evaluation. Expert risk assessments such as this latest work by EFSA should be what guides policy actions on BPA, not political agendas." A full report is available at http://www.efsa.europa.eu/en/press/news/111201.htm" .
it is a tribute to the functioning of the safety assessment mechanism in the EU that suspect contaminants are continuously being subjected to evaluation and the statute books updated for the benefit of the consumer as well as the industry. Also notable is the double quick time response by the industry when troubling questions regarding BPA safety were raised 2-3 years ago and many major manufacturers voluntarily shunned the use of containers and packing materials containing BPA to reassure their clientele regarding their concern for the well being of the society. One of the beneficial effects of uncertainties regarding BPA safety is that attempts to develop alternative materials with similar functional properties received a boost and food industry is managing without dependence on BPA containing packing materials and containers.


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What you need to know
- EA has shared its financial results for Q2 2021.
- EA Play has passed 6.5 million subscribers.
- EA is looking to launch an EA Originals title and a "remastered" game in the coming months.
EA has posted its Q2 financial results for fiscal year 2021. The company noted that net bookings for the last 12 months reached $5.57 billion, up 8% over last year. UFC 4, Madden NFL 21, Rocket League and Star Wars: Squadrons were all released during the past quarter.
EA states that Madden NFL 21 has nearly 30% more players year-over-year compared to the prior entry in the long-running series. The EA Play subscription service, previously known as EA Access or Origin Access, saw significant growth, as EA Play has passed 6.5 million subscribers.
EA notes that looking ahead, the company is expecting to announce the release date of both an EA Originals title and a remastered title. Per Chief Financial Officer Blake Jorgensen, Apex Legends is on track to become a "billion dollar franchise" by the end of the fiscal year. EA's Q1 results earlier this year saw strong growth, primarily due to live service titles.
EA previously announced that Star Wars Jedi: Fallen Order is coming to EA Play on November 10 and that EA Play will be bundled in Xbox Game Pass Ultimate and Xbox Game Pass for PC starting on November 10 and December, respectively.
5v5, Empire vs New Republic
Star Wars: Squadrons places players in Vanguard Squadron or Titan Squadron with vicious dogfights and a variety of different starships. It's even got full cross-play, so you can play with your friends no matter where you buy it.
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Every week a company is in the news for some sort of data breach or security exploit, where customer information, sometimes including credit card numbers, are stolen in the process. This week leaves no exception as popular retailer Neiman Marcus' credit-card payment system was under attack for the better half of last year.
The hackers who accessed the database were able to get into the system more than 60,000 times over 8 months, digging through the files and installing software to steal credit card numbers. In a 157 page report on the matter, the analysis concludes that on some days, hundreds of alerts were set off while the hackers were in the system. Each day, their installed software that would steal the numbers was deleted, forcing the group to reinstall the package every night. While the crew was in the network for 8 months, card data was stolen from July to October.
The report also says that this attack does not appear to be affiliated with the Target breach that led to the theft of over 40 million credit card numbers.
The code style and the modus operandi look totally different. The attackers were using a specific code for a specific network, and the way they were writing their code doesn't seem to be related to the way that the attackers on the Target breach were.
How did the rogue software go undetected for so long? A spokeswoman for Neiman Marcus says that the hackers gave their software a name that looked almost identical to the retailer's existing payment system. When its security team scanned through alerts and logs, they simply passed over the issues in the sea of data that they looked at. Reports of activity identified the software as "suspicious behavior" over 59,000 times, but Neiman Marcus' security system did not automatically quarantine or remove the malicious program.
Ginger Reeder, the spokeswoman for Neiman Marcus, said,
These 60,000 entries, which occurred over a three-and-a-half month period, would have been on average around 1 percent or less of the daily entries on these endpoint protection logs, which have tens of thousands of entries every day.
It was estimated that 1.1 million cards were compromised in the attack, however after further investigation, Neiman Marcus is reporting that only 350,000 credit cards were taken from the clothier. 9,200 have been used since the breach.
In the past year we've had over a dozen infamous security and data breaches across retail, gaming and other spaces, so it definitely raises a cause for concern over your information and how it's being safely secured. What should retailers do differently to ensure this doesn't happen? What are you doing to protect yourself? We want to know in the comments below.
On Tuesday, MMORPG Wurm Online suffered an attack, causing their servers to fail completely. The attack, a distributed denial-of-service attack, kept the service offline through Wednesday as the company moved their servers to a new host. The move was planned, but the timeline was changed in light of the attack and their previous host ending their relationship. A representative posted,
Shortly after today's update we were the target of a DDoS attack and our hosting provider had to pull us off the grid for now. will be back as soon as possible but things are out of our hands since their other customers are affected. As we wrote in a previous news post we are planning on changing hosting anyways which should improve things for the future. We can offer 10,000 Euro for any tips or evidence leading to a conviction of the person responsible for this attack.
This bounty, which works out to just over $13,000, is a reaction to the incredible level of attacks lately. The amount of bandwidth that is being consumed during these attacks has gotten to a level that was impossible just a few years ago. CloudFlare, a company that helps defend against these attacks and, therefore is a good source of information on the topic, said they recently defended 400 gigabits per second. The attack was so powerful it was felt through parts of Europe.
Instead of merely defending against the attack, which they did not, Wurm Online is looking to dissuade future attacks by encouraging insiders or relatives to turn against the organizers in a way that leads to a conviction. If more DDoS victims responded in this way, perhaps we would see less of these high-profile attacks, either because of fear or a lack of leadership.
Do you think this plan has a chance of working? Let us know your thoughts in the comments.
Even with the impending Supreme Court case only 2 months away, the U.S. District Court in Utah has decreed that Aereo's Internet rebroadcasts are not legal within its jurisdiction. This ruling will shut down operations, at least temporarily, in Colorado and Utah and prevent further markets to open in Oklahoma, New Mexico and Wyoming. These bans are in addition to New York, which has already decreed the practice illegal.
Judge Dale Kimball said, in regards to the ruling,
Based on the plain language of the 1976 Copyright Act and the clear intent of Congress, this court concludes that Aereo is engaging in copyright infringement of Plaintiffs' programs. Despite its attempt to design a device or process outside the scope of the 1976 Copyright Act, Aereo's device or process transmits Plaintiffs' copyrighted programs to the public.
This leaves Aereo with injunctions against them in 3 of their major markets: New York, Salt Lake City and Denver. Their bigger problem, however, is the dangerous precedent this sets heading into the Supreme Court case. The prosecution will be able to argue that judges in multiple parts of the country have ruled independently that this business model violates copyright law.
Now, this argument has not gone well in previous cases. For example, many states had agreed not to recognize same-sex marriages from other states where it is legal. The Supreme Court found that unified decisions do not indicate accuracy, so there is a good chance that this ruling will have no bearing on the outcome in April.
After being in a partnership for years, Verizon and Vodafone Group finally parted ways on their collaboration, Verizon Wireless. Vodafone, who owned 45 percent of the joint venture, sold it to Verizon proper for $130 billion in cash and stock. This leaves Verizon as the sole owner of Verizon Wireless: a goal they have had for a few years now with no help from Vodafone.
The transfer of power entirely to Verizon might well allow Verizon to offer more combined capabilities, such as bundling with landline, FiOS, etc. Last year, Verizon had mentioned the ability to offer "seamless and integrated services" following a complete ownership stake in VZW and had hoped for more financial flexibility, leading to more efficiencies in the company and, hopefully, more options for customers.
Vodafone, on the other hand, now has an influx of capital on its hands. Vodafone is known for investing in communications companies, such as VZW, and will probably use this newfound money to invest in new European companies. It is even possible they could invest in cable or landline companies, creating a scenario similar to the Verizon group they are leaving in the US.
The agreement to finally get out of the Verizon Wireless family might have to do with reports that AT&T has been in discussions to purchase Vodafone. AT&T representatives said last month that they had no intentions to enter into any agreement with Vodafone within the next 6 months, unless another bidder came forward. An AT&T-owned Vodafone would certainly never be allowed if Vodafone owned any of VZW.
A week after Rakuten purchased Viber, Facebook, not to be outdone in the expanding messaging market, has agreed to purchase WhatsApp. For those who might not know what WhatsApp is, the simple answer is a mobile app that allows people to send unlimited international text messages for $1 per year.
There are, obviously, a few oddities about this purchase. First, it is always surprising to hear that people are using SMS internationally. Clearly, when having to pay for a service for SMS when services like KIK are free, there must be something going on. In this case, it has a lot to do with device integration and service stability abroad. SMS is built-in on the phone, whereas KIK is not.
However, Facebook messenger is integrated into many devices and looks just like a standard text message. This purchase might be a way to allow Facebook to live on both sides of the integrated messaging system for phones worldwide.
The other major oddity is the massive pricetag. When Facebook skirted regulations a little to purchase Instagram during their IPO quiet period, the pricetag was $1 billion. That number seemed inflated, but since everyone seemed to be using the service, plus Twitter was actively trying to purchase the company, it made sense. A large userbase, one that was being stolen almost directly from Facebook, plus their biggest competitor in tasks for a buyout equals a bigger cost than its actual value.
So, with Instagram being overinflated at $1 billion, how did we get to $16 billion for a niche messaging app? Mark Zuckerberg, Facebook CEO said,
WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable. I've known Jan for a long time and I'm excited to partner with him and his team to make the world more open and connected.
Jan Koum, WhatsApp co-founder and CEO, said,
WhatsApp's extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide. We're excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world.
So, lots of people means lots of value? I suppose, with Instagram being a free service and WhatsApp being a paid service, there will be a differing value on engagement. On average, tech startup multipliers range in the 6-10x range, meaning that the value of the company is 6-10 times the annual revenue of the company. With nearly 1 billion users and the high-end of the range, we can account for about $10 billion; so where did the other 6 come from?
First, Facebook is known for purchasing top development talent. While I have never used WhatsApp, I can assume there are people on the team that Zuckerberg wants on his team. That will increase the price some. In addition, there is a lot of interest in the messaging market, as we discussed last week. With uncertainty in the market and a large purchase last week, that will make the price spike as well.
So, is the $16 billion price reasonable or completely insane? Let us know your thoughts in the comments.
When things are popular, they get hacked. Last Wednesday was no exception for the crowd-funding site Kickstarter, as the company officially announced on Saturday that it fell victim to a security breach where passwords and other user data were stolen from the site.
Thankfully no credit card information was taken, though email addresses, usernames, mailing addresses, phone numbers and encrypted passwords were snatched up during the breach.
In the blog post, Kickstarter said,
While no credit card data was accessed, some information about our customers was... Actual passwords were not revealed, however it is possible for a malicious person with enough computing power to guess and crack an encrypted password, particularly a weak or obvious one.
Obviously everyone should change their passwords here, and also change any other place where you use the same password or a slight variant. Kickstarter has offered solutions for those needing to securely store passwords and has encouraged users to select different passwords for each site they use. Those using Facebook to connect to Kickstarter need not worry, as the site reset all Facebook login credentials.
Additionally, Kickstarter recognized two users' accounts who were compromised and have reached out to them to secure their accounts.
Kickstarter ended its blog post by apologizing for what happened.
We set a very high bar for how we serve our community, and this incident is frustrating and upsetting. We have since improved our security procedures and systems in numerous ways, and we will continue to do so in the weeks and months to come. We are working closely with law enforcement, and we are doing everything in our power to prevent this from happening again.
Again, with data breaches and hacks becoming a more common occurrence, people everywhere should take these situations as lessons in online protection and make sure they do everything in their power to protect their accounts. Systems like two-step authorization or device recognition can go a long way to ensure your data is safe and changing up your passwords frequently is highly recommended.


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Image Credit: Pixabay
Nasscom, on Monday, said that it has appointed Rajesh Nambiar, Chairman and Managing Director of Cognizant India as its Chairperson.
“Nambiar takes on the new role from his previous role as Vice Chairperson succeeding Anant Maheshwari, Former President, Microsoft India,” Nasscom said in a statement.
In the new role, Nambiar will focus on accelerating the adoption and widespread impact of cutting-edge emerging and deep technologies, enhancing country’s talent capabilities aligned with evolving job roles and tech acceleration, focusing on integrated industry solutions for scale efficiencies, sustainability and rapid innovation and building a diverse, inclusive and equitable work environment for everyone.
“The technology-led transformation in this techade offers a lifetime chance to rethink, reengineer and reimagine technology for global impact. As enterprises accelerate their journey towards digitalisation, they will evolve into adaptive entities capable of absorbing volatility and building sustainable growth models with diversity and inclusion as a cornerstone. I am honored and humbled to support the Nasscom Executive Council as its Chairperson and look forward to working with all its stakeholders to continue to strengthen India’s leadership as the most trusted tech partner for the world,” said Rajesh Nambiar, Chairperson of Nasscom.
Nambiar, along with President Debjani Ghosh, will continue to work with the Nasscom Executive Council, industry, and the government in strengthening India's position as a global technology hub while navigating the current volatile macro environment, Nasscom added.
On Nambiar’s new role, Debjani Ghosh, President, Nasscom said, “We are living in an exciting era of digital revolution where technology has the potential to transform business, countries and societies in a manner previously unimaginable. I am excited to continue working with Rajesh in achieving a shared vision of India’s Techade.”
Nasscom is a trade body and chamber of commerce of the Tech industry in India, and comprises over 3,000-member companies. Its membership spans across the entire spectrum of the industry from startups to multinationals and from products to services, Global Capability Centers to Engineering firms.
Nasscom’s strategic imperatives are to reskill and upskill India's IT workforce to ensure that talent is future-ready in terms of new-age skills, strengthen the innovation quotient across industry verticals, create new market opportunities - both international and domestic, drive policy advocacy to advance innovation and ease of doing business, and build the industry narrative with focus on Talent, Trust, and Innovation.


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The growth of the Binhai New Area is boosting Japanese firms' confidence in Tianjin, and a growing number are gearing up to cement economic ties with local partners in the coastal city.
"From a broad perspective, the development of the Binhai New Area will improve the overall investment environment in Tianjin, facilitating infrastructure construction, bringing in more global players and management know-how, enriching the city's service functions and cultivating a quality labor force," Zhang Ju, president of Rohm Semiconductor (China) Co Ltd, told China Daily.
All these will lead to more business opportunities for Rohm and, more specifically, be a shot in the arm for the company's overall strategy for Tianjin and China, which, from next year, aims to enhance local sales performance, Zhang said.
"There is a lot of sales potential and we are glad we decided to invest in Tianjin in 2000," he said.
As a new growth engine for China, the Binhai New Area will not only fuel Tianjin's development, but also drive the growth of the country's vast northern hinterland. Aware of this opportunity, Rohm is discussing the possibility of creating a new sales center in the city.
With its headquarters in Japan, the global semiconductor and electronics giant is looking to boost its client base in China next year, Zhang said.
"With so many potential clients in adjacent provinces and cities, we are thinking about boosting our sales functions in Tianjin," Zhang said.
The company currently has three major sales centers in China, in Shenzhen, Shanghai and Beijing, under which are more than 20 sub-centers, including Tianjin.
With the Binhai New Area and Tianjin receiving more policy support from China's top economic regulators, Rohm is also expecting the city's financial, logistics services and sourcing environments to improve.
"Cheap labor used to be the top attraction for us, but now we are also looking at Tianjin's financial and logistics services and local sourcing. We may shift some logistics and sourcing functions to local service providers," Zhang said.
Logistics services provider Tianjin T&B Okaya International Logistics Co Ltd is an example of the development of the investment and service environment in the Binhai New Area.
Set up in 2003, the Sino-Japanese joint venture benefits from preferential tax and customs policies from the local government. It broke even in 2005 and made a profit last year.
Xia Jianzhong, the general manager of T&B Okaya, said the company will next year look to attract more Japanese customers with its management system and global sales networks.
The Binhai New Area, which covers nearly 2,300 sq km, was designed to provide a gateway to North China, as well as being a modern manufacturing and research base, and an international shipping and logistics center.
(China Daily December 29, 2007)


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The Samsung Galaxy S series has been one of the most popular smartphone lineups globally. People are eagerly waiting for the next installment in the series, the Galaxy S24. With Samsung being tight-lipped about the release date, rumors are swirling around the internet about the anticipated launch date and availability of the device. In this section, we’ll bring you all the latest news and updates related to the release of the Samsung Galaxy S24.
- The Samsung Galaxy S24 is highly anticipated, and the release date is a mystery.
- Rumors and speculations are abundant around the internet about the launch date of Samsung Galaxy S24.
- Samsung has not yet officially announced the release date of the Samsung Galaxy S24.
- The internet is a buzz with potential release dates and predicted availability of Samsung Galaxy S24.
- Stay tuned for the latest updates and news on the Samsung Galaxy S24 release date and availability.
Samsung Galaxy S24 Release Rumors: What to Expect
The Samsung Galaxy S24 is one of the most hotly anticipated phones of 2022. With rumors and leaks already circulating, tech enthusiasts are eager to discover what this upcoming model has in store. So, what can we expect from the Samsung Galaxy S24 release?
Improved Camera Capabilities
One of the most exciting rumors about the Samsung Galaxy S24 is the improved camera capabilities. Expectations include a 200-megapixel rear camera, 5x optical zoom, and enhanced night mode.
Enhanced Display Technology
The Samsung Galaxy S24 is rumored to feature an even more impressive display than its predecessor. Leaks suggest that the phone will have a 6.8-inch Dynamic AMOLED display with a 120Hz refresh rate, providing an immersive viewing experience.
The Samsung Galaxy S24 is expected to come with the latest chipset, rumored to be the Exynos 2200 or Snapdragon 895, providing lightning-fast performance for users.
Quote: “If the rumors are true, the Samsung Galaxy S24 is set to be a game-changer in the smartphone market.” – Tech Insider
Overall, the Samsung Galaxy S24 is expected to take the smartphone experience to the next level with its rumored features and capabilities. As the release date draws closer, more information is sure to emerge, so stay tuned for further updates on this highly anticipated device.
Latest News on Samsung Galaxy S24 Release
With the release of the Samsung Galaxy S24 just around the corner, tech enthusiasts are eagerly awaiting the latest updates and news on the much-anticipated device. Here are some of the most recent Samsung Galaxy S24 release updates:
- Release Date: It is being speculated that the Galaxy S24 will be released in February 2022, which is in line with Samsung’s history of releasing new devices around that time.
- Design: Leaked images suggest that the S24 will have a similar design to its predecessor, the S21, but with some minor improvements, including a smaller punch-hole camera and slightly slimmer bezels.
- Display: The Samsung Galaxy S24 is rumored to feature a 6.3-inch Dynamic AMOLED display with a 120Hz refresh rate, providing a smoother and more responsive user experience.
- Camera: Samsung is expected to improve the camera capabilities of the Galaxy S24, with rumors suggesting that it will have a triple-lens rear camera setup, including a 108MP primary sensor, a 12MP ultra-wide sensor, and a 10MP periscope telephoto lens.
- Performance: The S24 is likely to be powered by Samsung’s latest Exynos chipset or Qualcomm’s Snapdragon 895 processor, offering high-end performance and improved efficiency.
These are just some of the latest updates on the Samsung Galaxy S24 release. Stay tuned for more news and official announcements as the launch date approaches.
Samsung Galaxy S24 Release Predictions
As the release of the Samsung Galaxy S24 draws closer, the hype surrounding its potential features and release date continues to grow. While Samsung has not made any official announcements yet, there are numerous predictions and rumors circulating in the tech industry. Here are some of the most probable predictions:
The release date of the Samsung Galaxy S24 is likely to be in February 2023, as Samsung has a history of consistently releasing new flagship devices around this time of the year. This prediction is based on past release dates of the Galaxy S series and industry analysis.
The Samsung Galaxy S24 is expected to feature a sleek and modern design, possibly with a punch-hole camera and thinner bezels. Some predictions also suggest that Samsung may incorporate an under-display camera technology, which would eliminate the need for a visible front camera.
The Samsung Galaxy S24 is rumored to come with a powerful Exynos processor and up to 16GB of RAM, making it one of the most high-performance smartphones in the market. It is also expected to have a large battery capacity for extended usage and fast charging capabilities. The camera system is predicted to have notable improvements, including a larger sensor size and enhanced low-light capabilities.
|Samsung Galaxy S24
|Qualcomm Snapdragon 898 (rumored)
|Up to 16GB
|Up to 12GB
|108MP main, 12MP ultrawide, 10x optical zoom
|108MP main, 5x optical zoom
The Samsung Galaxy S24 is expected to be priced similarly to its predecessor, the Samsung Galaxy S21, which started at $799. However, some predictions suggest that the price may increase due to the potential high-end specifications and features.
Upon release, the Samsung Galaxy S24 is expected to be available globally through major carriers and online retailers. However, availability may vary depending on the location and carrier partnerships.
Overall, the Samsung Galaxy S24 is predicted to be a highly impressive flagship device, featuring advanced technology and significant improvements over its predecessor. While these predictions are not confirmed, they provide a glimpse into what consumers can expect from the upcoming Samsung Galaxy S series release.
Exciting Features of Samsung Galaxy S24
As the release date of the Samsung Galaxy S24 approaches, rumors and speculations about its features and enhancements continue to surface. Here are some of the most exciting rumored features of the upcoming flagship device:
- Under-display camera technology: The Samsung Galaxy S24 is rumored to feature an under-display camera, allowing for a seamless and uninterrupted display without a visible front-facing camera.
- Improved camera capabilities: The S24 is set to feature a 108-megapixel primary camera, accompanied by ultra-wide, telephoto, and macro lenses, providing high-quality photo and video capabilities.
- Faster performance: The device is rumored to pack the latest Qualcomm Snapdragon or Samsung Exynos chipset, offering faster speeds and improved performance over its predecessor.
- Advanced display technology: The S24 is said to feature an OLED panel with a 120Hz refresh rate and HDR10+ certification, providing a more immersive and vibrant viewing experience.
- Bigger battery: The device is rumored to be equipped with a 5000mAh battery, providing longer battery life and reduced charging times.
While these are just rumors at this point, these features would undoubtedly make the Samsung Galaxy S24 an exciting addition to the flagship market.
Samsung Galaxy S24: An Overview of the Flagship Series
The Samsung Galaxy S series has been at the forefront of the flagship smartphone market for years, consistently setting new standards for performance, design, and innovation. With each new release, Samsung has pushed the boundaries of what a smartphone can do and offered a range of features that appeal to a broad audience.
The upcoming Samsung Galaxy S24 is expected to continue this trend and be another impressive addition to the series. Building on the success of the S23, the S24 is rumored to feature a range of updates and improvements that will make it a standout device in the market.
Samsung Galaxy S24: Design
The design of the Samsung Galaxy S series has always been a highlight, with each new release offering a sleek and modern take on the traditional smartphone design. The S24 is expected to continue this trend and feature a refined and elegant look, with slim bezels and a stunning display.
There are rumors that the S24 may also feature a folding screen, which would be an exciting addition to the series and further cement Samsung’s position as a leader in smartphone design.
Samsung Galaxy S24: Features
One of the most anticipated features of the Samsung Galaxy S24 is its camera capabilities. The S23 already had an impressive camera, but the S24 is rumored to feature significant upgrades, including improved zoom functionality, enhanced low-light performance, and better overall image quality.
Additionally, the S24 is expected to feature a more powerful processor, increased RAM, and possibly even 5G connectivity. These updates will make the S24 an incredibly powerful device, capable of handling even the most demanding tasks with ease.
Samsung Galaxy S24: Price
While the official price of the Samsung Galaxy S24 has not been announced, it’s expected to fall in line with previous releases in the series. The S23 was released at a starting price of $999, so it’s likely that the S24 will have a similar price point.
Of course, there may be slight variations in price depending on your location and carrier, so be sure to keep an eye out for official announcements as they become available.
In summary, the Samsung Galaxy S24 promises to be another impressive addition to the flagship S series, with a range of exciting features and enhancements that build upon the success of its predecessors. Whether you’re looking for a sleek design, powerful performance, or cutting-edge camera capabilities, the S24 is sure to deliver.
Samsung Galaxy S24: Comparing with Competing Devices
With the upcoming release of the Samsung Galaxy S24, it’s worth taking a look at how it stacks up against other flagship devices in the market. While it’s difficult to accurately compare devices that have not yet been released, rumors and leaks can give us an idea of what to expect and how it may measure up.
One device that will undoubtedly be compared to the Samsung Galaxy S24 is the iPhone 13. Both devices are expected to have improved cameras, 5G capabilities, and sleek designs. However, the Samsung Galaxy S24 may have an edge with its rumored dynamic OLED display, which could provide a more immersive visual experience.
Another device to consider is the Google Pixel 6, which is also slated for release around the same time as the Samsung Galaxy S24. The Pixel 6 is expected to have a powerful processor and advanced camera software, but may not match the Samsung Galaxy S24 in terms of display technology and design.
|Samsung Galaxy S24
|Dynamic OLED display, improved camera, 5G capabilities, sleek design
|Immersive visual experience with dynamic OLED display
|Competition from iPhone 13 and Google Pixel 6
|Improved camera, 5G capabilities, sleek design
|Strong brand loyalty and reputation, potentially improved camera technology
|Competition from Samsung Galaxy S24 and Google Pixel 6
|Google Pixel 6
|Powerful processor, advanced camera software, 5G capabilities, sleek design
|Advanced camera software with potential improvements, powerful processor
|Competition from Samsung Galaxy S24 and iPhone 13
Of course, it’s important to note that device preferences can be highly subjective and ultimately depend on individual needs and preferences. However, with exciting features and improvements expected from the Samsung Galaxy S24, it’s clear that it will be a strong contender in the flagship smartphone market.
As we eagerly await the release of the Samsung Galaxy S24, we can’t help but be excited about the potential it holds. With rumors and predictions already swirling, it’s clear that this device is going to be a game-changer in the smartphone industry.
Whether it’s the improved camera capabilities, top-of-the-line display technology, or enhanced performance, the Galaxy S24 promises to deliver on all fronts. As we continue to monitor updates and official announcements, we encourage you to stay tuned for the latest news on the Samsung Galaxy S24 release date and availability.
Overall, the Samsung Galaxy S series has always been a fan favorite, and the S24 is set to build on that success. So get ready for what promises to be an epic release, and be sure to keep an eye out for this flagship device when it hits the market!
When will the Samsung Galaxy S24 be released?
The release date for the Samsung Galaxy S24 has not been officially announced yet. Stay tuned for updates on its availability.
What can we expect from the Samsung Galaxy S24?
The Samsung Galaxy S24 is rumored to come with exciting features and improvements, although specific details have not been confirmed. Keep an eye out for official announcements.
Where can I find the latest news on the Samsung Galaxy S24 release?
To stay updated on the latest news and updates regarding the release of the Samsung Galaxy S24, you can visit Samsung’s official website or follow reputable tech news outlets.
Are there any predictions about the release date of the Samsung Galaxy S24?
Experts and industry analysts have made predictions about the release date of the Samsung Galaxy S24, but nothing has been confirmed yet. We recommend keeping an eye on reliable sources for the most accurate information.
What are some exciting features of the Samsung Galaxy S24?
The Samsung Galaxy S24 is rumored to come with advanced display technology, improved camera capabilities, and enhanced overall performance. However, these features have not been officially confirmed.
Can you provide an overview of the Samsung Galaxy S24 flagship series?
The Samsung Galaxy S24 is part of Samsung’s flagship Galaxy S series, known for its cutting-edge technology and innovative features. It is expected to follow the success of its predecessors, offering a premium smartphone experience.
How does the Samsung Galaxy S24 compare to other flagship devices?
The Samsung Galaxy S24 is set to compete with other flagship devices in the market. While specific comparisons cannot be made until its official release, it is anticipated to bring its unique features and potential advantages to the table.


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Retail sales appear to be picking up.
Sales increased 4.1% for the week ending Oct. 3 compared to the previous week. When looking at year-over-year revenue, sales declined 3% for the same week, according to ShopperTrak’s National Retail Sales Estimate.
The jump in sales was attributed to people shopping for fall apparel and other seasonal merchandise as cooler weather prevailed around the country.
“Cooler weather provided a slight boost for retailers last week and we think this pattern could continue throughout October as both Columbus Day and Halloween promotions drive sales,” Bill Martin, co-founder of ShopperTrak said in a release. “While this small uptick provides a bit of optimism, retailers are busy preparing for the critical holiday season hoping this positive trend will continue following last year’s disastrous season after the markets collapsed.”
The National Retail Federation reported similar positive signs in September.
Retail sales (which exclude automobiles, gas stations, and restaurants) increased 0.5% from August, but fell 1.5% year-over-year.
The NRF found that onsumers also spent money on fall apparel as well as other discretionary purchases.
“Retail is not out of the woods yet, but consumers felt comfortable enough last month to spend on more than just necessities,” Rosalind Wells, NRF chief economist said in a release. “As we head into the essential fourth quarter, retailers will likely continue aggressive promotions and discounts to bring people back into stores.”
September retail sales released by the U.S. Commerce Department show total retail sales (which include non-general merchandise categories such as autos, gasoline stations and restaurants) decreased 1.5% from the previous month and 5.4% year-over-year, NRF said.
Thanks to cooler weather, Labor Day sales and a final push for back-to-school shopping, clothing and clothing accessories stores sales increased 0.5% from August but decreased 0.4% year-over-year. Electronics and appliance store sales were flat from the previous month and decreased 9.9% over last year. Health and personal care store sales also saw solid growth with sales increasing 0.8% seasonally adjusted from last month and 3.3% unadjusted year-over-year. Sporting goods, hobby, book and music stores sales also increased, with sales rising 0.1% adjusted over last month and increasing 2.9% unadjusted year-over-year.


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Trichy: With several reports indicating that a ban
is likely to be imposed anytime soon in Tamil Nadu
, the Trichy district health department has started taking steps to ensure the possession and usage of electronic nicotine delivery system
(ENDS) is monitored and curbed effectively as soon as a government order is passed regarding it.
A briefing about e-cigarettes, on how its prevalence could be tracked and the steps to be taken if and when a government order regarding its ban is passed, were discussed at a monthly review meeting of block health supervisors and health inspectors on Thursday.
A source from the health department said that though GO is yet to be passed, the district health department has already started to monitor. “Based on our recent inspections, the prevalence of ENDS is non-existent in the rural areas. And though the prevalence is unlikely to be high even in the urban limits, we’ll monitor the scenario in the city” the source told TOI.
City health officer (CHO) in-charge Dr Rajeswari said that the health department is yet to find out how prevalent e-cigarettes are in the city. But sources said that e-cigarette products are available in a few shops in the city and also that some customers buy it online. Most of the e-cigarette smokers constitute habitual smokers.
Doctors in the city welcomed the likely ban on nicotine
gadgets. They said that though the e-cigarette products are marketed as a safer alternative to smoking and as something that would make a person quit smoking, these products are still very harmful.
“There are at least 10 to 15 chemicals in e-cigarettes that could possibly cause cancer. So it’s in no way a safer alternative. And contrary to the perception that e-cigarettes would let one quit smoking, if a non-smoker tries it, it could even instigate him to become a smoker,” director of Tamil Nadu Asthma and Allergy Research Foundation (TAARF), Dr G Kamal said.
During the meeting, it was decided that all tobacco products which do not carry the new set of specified health warnings, would be confiscated. The new specified health warnings which would have 85% of the pictorial display in the tobacco products came to effect on September 1.


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Although we haven’t seen an official announcement yet from Zwift, it appears they have taken their Android version out of free beta as of last weekend.
As of a few days ago, Android users have reported being set to 25km trial mode, requiring them to pay the standard monthly fee if they continue to Zwift after their first 25km.
The universe of Android devices is astronomically more diverse than iOS, and many of those devices are woefully underpowered when it comes to Zwift’s intensive graphics requirements.
Since the game cannot run on all Android devices, Zwift Support has compiled a list of supported devices, breaking it into two categories: Zwift Recommended and “Runs OK”.
According to Zwift Support, Zwift runs on over 2400 Android devices. Chances are, if you can see Zwift in the Play Store, you can download and run the app.


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RAPID CITY, SD (KOTA) — With the start of the school year just days away, parents are on the hunt for back-to-school supplies, but inflation kicks in.
Back-to-school shopping is more expensive this year, leading parents to look for alternative methods of getting their kids the supplies they need. Parents can purchase discounted school supplies at the Club for Boys Thrift Store, where prices range from 25 cents to just a few dollars.
“Binders, pencils, scissors, basically everything anyone will need to be successful in their school year and we have them at deeply discounted prices,” said Candice Lehmann, head of sales and donations for the thrift shop.
According to the National Retail Federation, “one-third of consumers said they were cutting back on other spending areas to cover items for the upcoming school year.”
School supplies are not limited to pencils, papers and notebooks, but clothes are often included in the list of things parents need to buy.
“All children should be able to afford a good pair of shoes and good clothes, that’s why we offer very low prices for our clothes, especially children’s shoes. You can get a pair of Nike for $4 said Lehmann.
In addition to the reduced prices, the Club for Boys Thrift Store is offering an additional 50% off every Wednesday and Saturday in August.
Copyright 2022 KOTA. All rights reserved.


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There’s been a lot going on lately to prompt US consumers to open up their wallets a little bit. The job market continues to surge, and wages finally took a big step forward last month. Gas prices are still low, and Americans are feeling better about the economy than they have in years.
Yet, they aren’t spending money. US retail sales stumbled 0.8 percent in January, a far steeper drop than the 0.4 percent decline economists were expecting, according to data released Thursday by the Commerce Department. Following a 0.9 percent slide in December, last month marked the second straight time that retail sales have lost steam.
Gasoline sales led the slide, plunging 9.3 percent thanks to a continued drop in prices. That dragged the headline figure down significantly, but it wasn’t the whole story. Core sales, which exclude more volatile categories like gas, auto sales (down 0.5 percent last month), food, and building materials, were up only 0.1 percent. All told, six of the major 13 sales categories showed declines.
“After two months of above-trend results, the December and January retail sales data were considerably weaker even after eliminating the effect of sharply lower gasoline prices,” MFR Inc. economist Joshua Shapiro wrote in an e-mailed analysis. “The January result has [the first quarter] off to a weak start, which is consistent with our forecast that real consumer spending in the quarter will grow at only about one-half the above-trend pace recorded in [the fourth quarter].”
So what’s going on? Things are undoubtedly easing up on the average consumer. Employment sits well below 6 percent and continues to improve. Wages, after stagnating for years, jumped 0.5 percent last month. Gas prices have plunged 39.5 percent since June – the national average jumped sharply to $2.21 per gallon last week, but it hovered near $2.00 per gallon through January. As a result, measures of consumer confidence continue to trend upward.
Still, Americans who have been scrimping and saving for years may not be quite ready to loosen the purse strings, Diane Lim, an economist at the Committee for Economic Development, a Washington-based think tank, said in a phone interview with the Monitor last week. “We’re seeing a huge drop in the costs that households face, but we aren’t seeing them spending those savings,” she noted.
Instead, people are choosing to shore up savings that took a hit during leaner times, or pay down debt, she adds. “Demand is still not that strong. Gas prices make a big difference in my discretionary income, but they could go back up tomorrow.”
Still, analysts expect forces like cheaper gas and continued improvement in the labor market to boost spending in the coming months. “Labor market conditions will be the key factor for the consumer, and evidence concerning job growth therefore will remain the paramount economic variable for some time,” Mr. Shapiro writes. “Recent much improved labor market conditions suggest that the underlying pace of overall real consumer spending is likely to gradually make its way back.”


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In the times when the EU is launching a major offensive against unsustainable use of plastics this extremely topical session had to claim its rightful place at this year's Summit. It has also attracted the attention of top-level EU policy makers and business representatives - a special address to the participants of this roundtable will be delivered by Vice-President of the European Commission Jyrki Katainen while our key partners for this session will be Coca-Cola and Symphony Environmental Services.
Our distinguished speakers will discuss further progress of the waste-processing legislation recently agreed by the European Commission, Parliament and Council, which paves the way for a circular future for Europe. Agreements were reached on four legislative proposals addressing waste, packaging waste, landfill and electronic waste.
The coming plastics strategy will aim to improve framework conditions for investment and innovation, and help the industry become more circular and resource-efficient, bringing more jobs and further growth. It is the first comprehensive policy response to the plastic challenge, tackling design, manufacturing, use and disposal.


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A crash test mule of the Tata Gravitas SUV has been spied testing on public road for the first time. Just like Tata's smaller SUV, expect the Gravitas to also get maximum safety.
BS6 Jeep Compass is expected to be launched early next year. It will come with a significant price hike for diesel engine models.
Mahindra will launch about 12 new cars next year. This will include BS6 updates of their existing line-up. Mahindra launched their first car with BS6 engine, XUV300 last week.
The new Mahindra XUV500 (codenamed W601) will be launched in India in April 2020; confirms Pawan Goenka, MD of Mahindra & Mahindra.
Just like the Asian companies which started off with an SUV, Citroen is also getting ready to kick start its Indian innings with an SUV, the C5 Aircross.
Force Motors is working on upgrading their Trax 10 seater MUV as well as the Gurkha SUV to meet BS6 standards. Here are latest spy shots.
Hero MotoCorp will launch new 2020 Glamour motorcycle soon. Here are the first spy shots.
First launched in 2012, Renault Duster did not receive a new generation update in India, unlike its counterpart in Europe.


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Verizon adds 633k retail postpaid customers as revenue misses
Verizon (NYSE: VZ), the giant telecommunication company, published mixed financial results on Tuesday. Its total revenue came in at $32.9 billion, which was 1.9% below where it was in the same quarter in 2022. The results missed the analysts forecasts by $740 million.
The company’s wireless revenue jumped by 3% to $18.9 billion while total consumer revenue dropped by 1.7% to $24.9 billion. Its business solutions segment’s revenue dropped by 2.8% to $7.5 billion. Verizon’s total broadband users increased by 437k while its postpaid phone lost 127k customers. Retail postpaid customers increased by 633k in the first quarter.
Other parts of the business were also strong. The company’s free cash flow rose to $2.3 billion while cash flow from operations came in at $8.3 billion. In a statement, the company’s CEO said:
“Last month, we announced that our 5G Ultra Wideband now reaches more than 200 million people as we continue to undergo the most aggressive network deployment in our company’s history. With our mobile and broadband capabilities, and our focus on network strength, we are giving more customers in more places a superior network experience.”
Verizon is seeking to grow its market share by investing in its network as it continues to compete with the likes of AT&T and T-Mobile.
Verizon stock price has dropped by 7.53% this year as concerns about its business remained. The shares dropped by 70 basis points in the pre-market session.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.


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Because the pandemic swept the world, we have been bracing ourselves for the very worst. Would anybody actually wish to purchase or promote a enterprise in the course of the COVID-19 disaster? Recessions come and go however this was wanting like an financial tsunami.
Within the rapid aftermath of the lockdown in March, site visitors to BusinessesForSale.com halved from 1.3m guests to 700,000 in a matter of days. However the truth that there have been nonetheless 1000s of enterprise consumers looking out the web site searching for a enterprise was not only a aid for us but additionally fairly fascinating.
Table of Contents
A large on-line market to purchase from throughout COVID-19
What was occurring? The reply lay in the truth that BusinessesForSale.com was a mirror of the true financial system.
Whereas companies that have been immediately shut down comparable to pubs, eating places and motels which noticed curiosity abruptly fall off a cliff edge we noticed a sudden spike in enquiries to tech and e-commerce companies in addition to comfort shops, pet retailers and petrol stations.
What we found within the subsequent few weeks and months was a revelation. Consumers had money and so they have been transferring in to make fast features and so they nonetheless are.
So, to get a greater thought of those traits we began reaching out to the customer market with surveys. We needed to know the way a lot cash enterprise consumers had as money to speculate, what kind of companies they have been trying to purchase throughout COVID-19 and why.
Within the UK, we found that over 54 per cent of the enterprise consumers we surveyed had greater than £50,000 in money to make use of as a deposit and with 80 per cent of them believing that costs would come down because of COVID-19. Over 38 per cent of them meant to finance your complete buy of a enterprise utilizing their money reserves solely.
Consumers with money to speculate
What we have been seeing was the sudden emergence of an aggressive purchasers market. It was evident in particular sectors comparable to campsites and campgrounds or tech and e-commerce alternatives.
As CEO Andrew Markou mentioned: Due to the uncertainty of Brexit within the final three years, people have typically held onto money and this pandemic has accelerated that. However with rates of interest at such historic lows, the money within the financial institution is seen by entrepreneurs and people trying to begin or purchase a enterprise as a legal responsibility slightly than an asset, so it is smart to place that money right into a enterprise, particularly if sellers are keen to scale back their asking costs for a quicker sale on this local weather.
Nevertheless, our surveys additionally revealed a wholesome urge for food for banks to get entangled.
One particular person surveyed was Ben Harding, 34, from Devon, who was campsites on the market within the £500,000 to £850,000 vary. By his personal admission he was able to place down a wholesome deposit however banks have been nonetheless very eager to lend.
I’ve spoken with two business brokers who’ve mentioned we’re in a robust place to purchase. It was recommended we might borrow as much as £1.3m, mentioned Ben.
COVID-19 enterprise affect report
One other a kind of enterprise consumers surveyed, Muhammad Amjid Qazi, an skilled entrepreneur from Canada, highlighted what each purchaser was considering internationally:
Any marketing strategy template ought to clearly spotlight the COVID-19 affect on income forecast wherever the income stream is in an effort to acquire belief and confidence. The goodwill of a enterprise may have modified dramatically because of the disaster and banks will definitely be vital of it, he mentioned.
In terms of establishing this marketing strategy, you must:
Present particulars of the historical past of the enterprise and its efficiency earlier than COVID-19
Clarify the methods that the enterprise has put in place in an effort to take care of the disaster
Look ahead and speak about potential future methods for development in a post-COVID-19 world
Set up whether or not the enterprises intention been affected by COVID-19. If it hasnt, level this out
Outline the alternatives that may be created from a market after the pandemic
Be as trustworthy as potential however you must also think twice about and embody the entire ways in which your online business will be capable of develop and develop sooner or later. Creating an image of the longer term for potential traders is how it is possible for you to to shut the deal.
As we begin to gently and ever so fastidiously come out of lockdowns all over the world, purchaser site visitors is returning to pre-COVID ranges. Nevertheless, it’s nonetheless a purchasers market and can in all probability proceed to be so all through the subsequent 12 to 18 months.
Learn right here for extra data on the enterprise shopping for course of.
Matthew Hernon is an account supervisor at Dynamis.
Information to promoting a enterprise half 1: Why are you promoting up?


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Prepare for the next generation of Call of Duty! Activision and Infinity Ward today announced Call of Duty: Ghosts. The new title delivers a riveting all-new gameplay experience built on an entirely new story, setting and cast of characters, all powered by a new, next generation Call of Duty engine that redefines the series for the next generation.
Infinity Ward set the gold standard for first-person action for a generation, and they’re going to do it again with Call of Duty: Ghosts,” said Eric Hirshberg, CEO of Activision Publishing, Inc. “Ghosts delivers an all-new story, all-new characters, an all-new Call of Duty world, all powered by a next generation Call of Duty engine, which is a leap forward for the franchise. Infinity Ward is going all-in to create the next generation of Call of Duty worthy of the world’s greatest fans.”
Everyone was expecting us to make Modern Warfare 4, which would have been the safe thing to do. But we’re not resting on our laurels,” said Mark Rubin, executive producer of developer Infinity Ward. “We saw the console transition as the perfect opportunity to start a new chapter for Call of Duty. So we’re building a new sub-brand, a new engine, and a lot of new ideas and experiences for our players. We can’t wait to share them with our community.”
To see an exclusive first look at Call of Duty: Ghosts tune in to Xbox: the Next Generation Revealed on May 21 at 10AM PDT on Xbox.com, Xbox LIVE or SPIKE TV. Until then, check out the teaser trailer that was released today:
Call of Duty: Ghosts will release on Xbox 360, PlayStation 3, and PC on November 5. Call of Duty: Ghosts will also be available for next generation platforms.
Are you excited? Let us know in the comments!


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"With consumer research, we identified a strong consumer need for new products that are both natural and deliver a high level of efficacy," said Jeremy Edelman, brand manager, VEO. "We took this challenge head-on and developed a formula which is powered by millions of probiotics to deliver on this need in the market."
Considering the impact on the environment, VEO's formula is 99% biodegradable and free from chlorine bleach, formaldehyde, phosphates and quats. VEO uses a removable label that helps consumers properly recycle the packaging. The sustainable bottle uses 95% post-consumer recycled plastic further reducing the impact on the planet.
VEO is available in a 22 oz. all-purpose trigger and 28 oz. floor cleaner in Apple and Jasmine and Citrus Blossom scents.


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Marvel’s making sure all comic book stores worldwide are prepared for the biggest launch of the year with the Uncanny Avengers Launch Parties on Wednesday, October 10th – all day long! In addition to being the first in line to purchase Uncanny Avengers #1, fans will also be able to receive special items exclusive to […]
Tuesday, April 3rd – 8pm @ the Comic Bug! Whether you’re a Marvel fan or not, you have to know that the biggest event of the year is quite possibly the Avengers VS X-Men series, in stores April 4th! The Comic Bug is setting up to celebrate this launch with a big pre-release party at […]
Did you guys read Uncanny X-Force #18?! Wow! Bring those blown minds on down to see how they follow that one up and meet ROBBI RODRIGUEZ, who’s making his debut on Uncanny X-Force with this issue. Robbi comes armed with an already impressive list of credits, such as his creator-owned MAINTENANCE, Stephen Colbert’s TEK JANSEN […]
Meet the hottest team-up in Marvel comics, Craig Kyle &Christopher Yost at The Comic Bug! They will be signing copies of X-Necrosha #1 One Shot and talk about the hot new storyline and upcoming titles. Signing from 6pm to 8pm.
The rumors are true, bunky! The Comic Bug has teamed up with the mighty forces of CGC and none other than Stan “The Man” Lee to spread a little holiday goodness and cheer to the merry boys and girls at The Hero Initiative! Never one to leave you, the loyal comic book collector, out in […]


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Billd is now working with Sunstone Credit, a solar lending finance platform for businesses, to accelerate the adoption of solar energy in the U.S. commercial space by providing the right size financing solutions to all stakeholders in the world. process.
Billd will offer his materials purchasing terms to Sunstone’s nationwide network of solar developer partners, allowing them greater working capital flexibility in completing solar projects for their business customers.
“Our product has proven to be a huge boost for solar entrepreneurs across the country and this partnership brings together the missing links for the industry,” said Spencer Carlson, Strategic Partnerships at Billd. “Solar entrepreneurs are our No.1 profession, which proves that we are solving a major problem for these companies and contributing to their accelerated growth. Partnering with Sunstone allows us to solve another problem for our customers. The combined solution will help us build even more value-added relationships with entrepreneurs in the commercial solar industry.
Billd has made great strides in the construction industry to provide financing terms that align with payment cycles. Subcontractors and suppliers are usually the last to be paid, waiting on average over 85 days. A recent report on the U.S. Market by Billd that surveyed over 500 contractors found that 63% of contractors pay for materials before they receive payment for their labor, while 74% of contractors have 30-day terms with their suppliers. or less. Billd strives to alleviate this financial burden and allow trade contractors to purchase commercial materials in advance and get projects up and running faster.
“We are delighted to partner with Billd, an industry leader who shares a similar mission to ours,” said Scott Muckleroy, vice president of finance at Sunstone. “At Sunstone, we strive to provide a best-in-class experience for our solar developer partners from start to finish, enabling them to sell to more business customers and grow their businesses. We are delighted that through this partnership with Billd, our partners can continue to offer the full line of Sunstone loan products to clients, but with more flexibility in managing their finances throughout the process.


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ESCONDIDO, Calif. (KGTV) — A brand new condominium project could be coming to downtown Escondido but some are not very happy.
Business owners say the city and developers will be taking away one of the city’s biggest parking lots if the project is built.
Bob DePhilippis, the owner of Filippi’s restaurant, says parking is extremely limited especially on Grand Avenue where his business is located. He has been serving the Escondido area for 46 years. The parking lot in question is located directly behind his business.
“I think what they’re trying to do is bad news and bad for the whole block," DePhilippis said.
The city could approve a new condominium project in the area, called “Aspire.” Representatives with the City of Escondido confirm the building will have 106 units, retail space, and 230 parking stalls. Only 76 will be open to the public.
Customer Lorri Wright says she’s been living in Escondido for over 20 years and frequently visits the restaurants in Downtown Escondido. She says removing the parking lot, “would make it impossible to visit these businesses for the fact that there won’t be parking.”
Businesses in the area, including Filippi’s, have created a petition against the project to present to the city council.
“They think they’re going to make it better, they’re going to make it 100 percent worse,” says DePhilipis.
Representatives for the city tell 10News the land, where the parking lot currently sits, is in escrow pending the city council’s approval of the project. Right now, the project is in an environmental review.


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Latest Lithuania Stories
A new deal has been penned for UAB Elintos Matavimo Sistemos to offer Smart Tweezers and LCR-Reader digital LCR-meters to Lithuanian and European customers Waterloo,
As the vague media frenzy about 3D printing is being slowly overwritten by successful adoption of additive manufacturing solutions in industries ranging from aircraft to medical equipment to fashion,
SentiGaze enables the use of ordinary webcams for sophisticated eye movement tracking and analysis through generation of heatmaps that can gauge the effectiveness of website or online advertising content.
Striving to meet the growing demand for engaging design competitions in 3D printing industry, 3D model marketplace CGTrader.com has rolled out two new 3D print design challenges encouraging 3D
3D model marketplace CGTrader.com has recently announced a hoped to be annual Sci-Fi Challenge constructed to
The SentiSculpt algorithm turns standard 2D still images of an object into 3D models for use in 3D printing, design, architectural modeling and game development. VILNIUS, Lithuania,
PORTLAND, Oregon, February 4, 2015 /PRNewswire/ -- Research Beam adds a report titled "Lighting Product Markets in the World to 2019 - Market Size, Trends, and Forecasts"
VILNIUS, Lithuania, January 21, 2015 /PRNewswire/ -- This day marks an official launch of the Baltic Highway, a modern data transmission network, connecting Tallinn (Estonia)
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The Nine-spined Stickleback (Pungitius pungitius), is a species of fish in the Gasterosteidae family. It is found in Belarus, Belgium, Canada, China, Denmark, Estonia, Finland, France, Germany, Greenland, Ireland, Japan, South Korea, Latvia, Lithuania, Moldova, Republic of, the Netherlands, Norway, Poland, Russia, Sweden, Switzerland, Turkey, the United Kingdom, and the United States.
- A serpent whose bite was fabled to produce intense thirst.


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HOUSTON (PRWEB) May 10, 2018
Today’s demand for contract-based short-term services couldn’t be any stronger. Unfortunately for the tens of millions of freelancers in America, the framework for finding work leaves much to be desired. Whether it’s paying steep platform user fees, struggling with spam posts or growing weary from negotiating payment agreements, today’s freelance professionals and those who offer such work have been left to deal with these shortcomings and more.
There’s good news on the horizon: Those days are numbered and QuiGig, a service platform for freelancers and customers, will launch its all-new service later this year. At the moment, the company is making final arrangements and a crowdfunding campaign on Indiegogo is part of those plans. As a way to locate and bid on contract-based work online, those who sign up to use QuiGig will be presented with “warm” leads and real gigs. The company firmly believes that it will become the go-to outlet for freelancers and rapidly attract users, which will grow concurrently with the platform’s “Quig” utility token.
QuiGig’s current crowdfunding Indiegogo campaign aims to entice both freelancers and investors. Here are four reasons why getting on board now will pay off after the initial launch.
- Creating gigs and bidding on those jobs requires the use of Quigs. Signing up now means a 50 percent discount on Quigs, which will grow in value as more users join the platform.
- Quigs are only released by QuiGig in amounts that coincide with current platform demand. Those who hold these utility tokens can sell them on-site to other users.
- Investors can earn up to 100 times of their initial investment by selling tokens from this first round within five years and those who sign up now could amass anywhere between 5,500 to 1 million Quigs.
- Investors who want to support QuiGig are encouraged to make a donation on the crowdfunding page. This will further help the company prepare for the upcoming launch of the website and app.
The official launch of QuiGig is only months away, but the effort to attract freelancers starts now. The company will eventually boast 7 million pages across the country that are loaded with real short-term contract-based work. To the more than 41 million self-pronounced freelancers in the U.S., QuiGig says that the wait for real work is almost over.
QuiGig will be the instrumental addition to the gig-based economy that allows this field to finally take off. Offering both local and remote jobs, those who sign up to becoming platform members will be able to use Quigs to interact with the app, land jobs and get paid all in one place. This effort to revolutionize the way services are traded online will soon become a real-world solution.


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The Ugandan Coffee Development Authority UCDA have reported that their country’s coffee exports for the month of September were 144,251 bags or 39.82% higher than the same month last year, at a total of 506,470 bags. When delving into comparisons of coffee type exported in September this year, Uganda Robusta exports registered a remarkable 43.30% increase in exports when compared to the same month last year, to total 445,461 bags, whereas Arabica exports registered a decrease by 18.79% to a total 61,009 bags exported in September this year.
This has contributed to the country’s cumulative coffee exports for the October 2019 to September 2020 coffee year to have been 921,051 bags or 20.75% higher than the same period in the previous coffee year, at a total of 5,360,859 bags. Uganda Robusta exports registered a 26.61% increase when compared to the previous October 2018 to September 2019 coffee year, to total 4,395,683 bags, while Arabica exports registered a marginal 0.29% decrease when compared to the previous coffee year, to total 965,176 bags.
The December 2020 to January 2021 contract arbitrage between the New York and London markets narrowed yesterday; to register this at 46.43 usc/Lb. This equates to 44.26% price discount for the London Robusta coffee market.
The Certified washed Arabica coffee stocks held against the New York exchange was seen to increase by 3,975 bags yesterday, to register these stocks at 1,123,898 bags, with 93.70% of these certified stocks being held in Europe at a total of 1,053,588 bags and the remaining 6.30% being held in the USA at a total 70,310 bags. There was meanwhile a larger in number 7,360 bags decrease to the number of bags pending grading for this exchange; to register these pending grading stocks at 42,278 bags.
The Certified Robusta coffee stocks held against the London exchange have been reported to increase by 86,500 bags over the weeks of trade leading up to Monday 19th. October, to see these stocks registered at 1,890,500 bags, on the day.
It was a modest soft day overall on the commodity markets yesterday, to see the overall macro commodity index taking something of a sideways track for the day. The Sugar, Cocoa and Coffee markets ended the day on a softer note. The Reuters Equal Weight Continuous Commodity Index that is related to 17 markets is 0.2979% higher; to see this index registered at 421.5289. The day starts with the U.S. Dollar steady, trading at 1.298 Sterling, at 1.185 the Euro and with the US Dollar buying 5.605 Brazilian Real.
The New York market started the day yesterday trading on a modest soft note, while the London market started the day yesterday trading on a modest positive note, both markets continued to oscillate around par for most of the morning session. As the afternoon progressed the selling volume increased and both markets came under a degree of pressure, to see the markets trend lower for the day, with both the London and the New York markets hitting a price floor to recover marginally from the lows of the day and the markets settle on a softer note for the day.
The London market ended the day with on a negative note with 80% of the earlier losses of the day intact, while the New York market ended the day on a likewise negative note with 56.10% of the earlier losses of the day intact. The soft and lacklustre close does little to indicate direction nor inspire confidence and one might think the markets are due for little better than a hesitant steady start to early trade today, against the prices set yesterday, as follows:
LONDON ROBUSTA US$/MT NEW YORK ARABICA USc/Lb.
NOV 1265 – 15 DEC 104.90 – 1.15
JAN 1289 – 16 MAR 107.80 – 1.15
MAR 1298 – 13 MAY 109.45 – 1.05
MAY 1311 – 14 JUL 110.90 – 0.95
JUL 1328 – 14 SEP 112.20 – 0.85
SEP 1345 – 14 DEC 113.85 – 0.95
NOV 1362 – 14 MAR 115.45 – 1.00
JAN 1378 – 14 MAY 116.50 – 1.00


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A recent Heritage Auction sold the first issue of the 1940 Batman comic strip. The deal amounted to $ 2.2 million, which was an absolute record for a comic book featuring the Dark Knight.
The name of the new owner was not announced.
The comic has been in the hands of collector Billy Gates (not affiliated with the billionaire) for over 40 years. Gates bought a rare copy in 1979 for three thousand dollars – at a time when collecting comics was still in its infancy, it was a lot of money. In 2019, after his death, Gates donated the collection to his son.
Another rare DC comic, Detective Comics # 27, where Batman first appears, was auctioned in November. It was bought for $ 1.5 million. The most “expensive” comic is still Action Comics # 1 – it sold for an incredible $ 3.2 million.


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P&O offloads Canada sites
P&O has offloaded its Canadian property operations for C$500 million (£210 million) in the latest stage of chairman Lord Sterling's huge disposal programme.
It is selling Laing Property Corporation to quoted Canadian real estate firm Cambridge Shopping Centres. Laing owns and manages eight shopping centres and two other commercial development sites across Canada.
In the first half of the year P&O sold some £140 million of development properties as markets on both sides of the Atlantic continue to prosper.
The group is also announcing that it is to take around US$100 million (£62 million) of costs out of its struggling container fleet joint venture P&O Nedlloyd, mainly through job losses. The company fell to a US$18 million loss in the second quarter of the year as rates remain under pressure, bringing total losses this year to US$40 million.
The net impact of the two announcements is expected to be neutral for earnings.
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