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The World Economic Forum has published an article that is titled as “Bitcoin is 10 years old: This is how it began and where it’s headed”. The author of the report is based at the University of Exeter in the United Kingdom where he is a senior lecturer in Economics. His name is Dr. Jack Rogers. The writing also received input from a Melbourne based media outlet from Australia.
The content of the report has sent ripples across the Cryptocurrency markets since it claims that it is only Bitcoin Cash (BCH) that is designed as per the vision of Satoshi Nakamoto. The report makes references to the famous Bitcoin Whitepaper that was published 10 years ago under the heading “Bitcoin: A Peer-to-Peer Electronic Cash System”. Hence, based on the WEF-endorsed finding, Bitcoin Cash is a better version of a peer-to-peer cash system than Bitcoin.
Bitcoin Cash Is Meant To Be The Improved Version Of Bitcoin
Bitcoin Cash (BCH) is considered as an altcoin, a second version, a clone, an offshoot, or a hard fork of Bitcoin (BTC). The platform was created from Bitcoin where some users led by one of their members, Roger Ver, felt the importance to increase the block size. He argued that Bitcoin block size limit only favors miners who mine BCT for investments purpose rather than for transactional motives as per the vision of Satoshi Nakamoto.
Further, the fork was necessitated by the fact that some Bitcoin miners, especially in China, opposed the SegWit plan that was designed to improve the block size on Blockchain without necessarily having to apply a hard fork. Hence, Bitcoin Cash concept was meant to separate the two platforms and to allow users to select the ideal network that met their needs.
It is important to note that the Bitcoin hard fork that gave rise to Bitcoin Cash is 32 times larger than what Bitcoin proffers. Other advantages include; lower fees per transaction as there can be more transactions per block, and built-in codes that enable smart contract capabilities like Ethereum that the original Bitcoin did not provide.
Other than those two crucial differences, Bitcoin Cash and Bitcoin share the same protocol and history and some people might consider them as similar.
The WEF Report Has Controversial Statements
Although much of the information on the report is correct since it was Bitcoin users themselves who advocated for the hardfork, there are some subjective conclusions that are triggering BTC investors and other Cryptocurrency enthusiasts. The excerpt states that BCH is the “real Bitcoin” Cryptocurrency that Satoshi Nakamoto envisioned and it is the “only one”.
Many people have expressed their disapproval for the document. This comes after the global institution provided a link to the article on its Twitter page with 3.31 million followers.
However, the article is not marked as “op-ed” and it also contains a disclaimer that emphasizes the fact that the expression of the author does not represent the view of the World Economic Forum.
The WEF was established in 1971 in Geneva, Switzerland. It is a non-profit and independent organization that fosters public-private cooperation for economic development. It also offers studies aimed to boost economic growth in industries such as banking, healthcare, blockchain technology, etc.


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Lottery fever has reached an even more frenzied pitch with news that The
Messenger, featured in ads from Progressive auto
insurance, sent 500 Mega Millions© tickets to local
Progressive agent John Hannon of Evarts,
Tremaine, Flicker Company, to give away to the people of Cleveland.
Even though he's out on the road, The Messenger didn't want to forget
about Progressive's hometown of Cleveland. Earlier this morning, The
Messenger randomly gave away 1,937 lottery tickets throughout New
Orleans. The 1,937 tickets help mark Progressive's 75th
anniversary, as a nod to the year the company was founded - 1937.
"I'm already 'saving it forward' by giving people across the country
opportunities to save time and save money," said The Messenger. "Now I'm
giving them a chance to live in a way most of us can only dream about.
If one of those tickets holds the lucky numbers, I hope the winner also
saves it forward and spreads their good fortune with others."
The Messenger has been in New Orleans for the past two days, taking the
money he saved by switching his insurance to Progressive and saving it
forward to people he meets. He's already bought locals their morning
beignet, helped cover their tax payments, and has made "positive
pullovers" that rewards drivers on the spot for their safe driving
His visit to New Orleans is part of a nationwide journey, which has
included stops in Tampa, Fla., Cleveland, Colorado Springs, Colo.,
Phoenix, Ariz., Austin, Texas, Los Angeles, Portland, Ore., and Seattle.
Along the way he's filled up tanks of gas for people, paid for their
parking, covered their airport baggage fees, waited in line to get their
morning coffee, gave away hard-to-get concert tickets, and much more.
Hundreds of people have been touched by The Messenger's random acts of
savings so far, and his journey can be followed on Facebook at
NOTE TO EDITORS: Local Progressive agent John Hannon
will be giving away lottery tickets on 3/30 at 12 noon at Perk Park,
at 12th and Chester Ave in
downtown Cleveland, OH. He will be available for photographs
and video at that time.
The Progressive Group of Insurance Companies makes it easy to
understand, buy, and use auto
insurance. Progressive offers choices
so consumers can reach us whenever, wherever, and however it's most
convenient for them--online at progressive.com, by phone at
1-800-PROGRESSIVE, or in-person with a local agent.
Progressive offers insurance for personal and commercial autos and
trucks, motorcycles, boats, recreational vehicles, and homes. It's the
fourth largest auto insurer in the country, the largest seller of motorcycle
insurance, and a leader in commercial
auto insurance. Progressive also offers car
insurance online in Australia at http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering
shopping tools and services that save customers time and money, like
Name Your Price®, the Snapshot Discount®, and a
concierge level of claims service.
The Common Shares of The Progressive Corporation, the Mayfield Village,
Ohio-based holding company, trade publicly at (NYSE:PGR).
Steve Kaczynski, 440-395-1008

domain: news


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Regulators Examine Fintech
By Jay Lotz on Thursday, May 26th, 2016
Last week we wrote about tech companies that are looking to transform the financial services industry by creating websites and apps that provide an array of financial services. Because of their potential to disrupt the financial services industry and change the financial services landscape for consumers everywhere, these so-called fintech companies are drawing increased attention from federal regulators. Many federal agencies are looking into various aspects of the fintech industry; this blog will highlight some of their concerns and recent actions.
The Consumer Financial Protection Bureau (CFPB) recently began accepting complaints about marketplace lending companies and virtual currency products. In March, the CFPB used its authority to enter into a consent order with Dwolla, Inc., a mobile payments company, alleging the company had overstated its data security practices by claiming they exceeded industry standards when they did not. In 2015, the CFPB launched an enforcement action against PayPal.
While keeping a sharp eye on consumer protection, regulators are also working to preserve room for innovation. In November 2012, the CFPB launched Project Catalyst, its effort to encourage “consumer-friendly” innovation through engagement and collaboration with innovators. In February, as a part of this project, the CFPB finalized its No-Action Letter Policy. Under the Policy, companies developing financial products can receive clarification as to how CFPB regulations would apply to the proposed product. If the company can demonstrate a substantial consumer benefit, CFPB may grant them a No-Action Letter, stating that the CFPB has no intention to pursue a regulatory action against the product. However, the CFPB may revoke a No-Action Letter at any time, and maintains the right to take regulatory action against unfair, deceptive, or abusive practices.
The Office of the Comptroller of the Currency has its own effort to support “responsible” innovation, releasing a white paper last month that outlined the OCC’s efforts to evaluate new products created by OCC-regulated banks. The Treasury Department this month also released a white paper following a Request for Information on marketplace lending, making recommendations to businesses and regulators to ensure safe growth and access to credit.
Members of Congress are also interested in FinTech. Last month several Senators from the Senate Banking Committee asked the Government Accountability Office to update a 2011 report on marketplace lending, citing a growth in the fintech industry and a potential for these companies to “fall between the cracks” of federal regulation. An upcoming blog will discuss marketplace lending in more detail.


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Rite Aid has appointed Jim Peters as the company’s chief operating officer. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; corporate development, strategy and communications.
chief operating officer
Wayfair’s James Savarese, chief operating officer, and John Mulliken, chief technology officer, are retiring from the company. In addition, Thomas Netzer and Allan Lyall, both currently executives in its European business, have received promotions.
Pacific Market International (PMI) has named David Parker as chief financial officer and chief operating officer of the company. Parker will have global responsibility for the finance, accounting, supply chain, IT, legal and business transformation functions of PMI. He will report to CEO Bob Keller.
Conn’s reported its first comparable sales gains in three years and the promotion of John Davis to the post of president of credit and collections.
Lowe’s has appointed Richard Maltsbarger, currently chief development officer and president, international, to chief operating officer, effective February 3, 2018.


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European blockchain training app MasterZ launches Dubai Edition at Hult International Business School
After having mastered the Italian/European market, MasterZ will enter the UAE market by giving hundreds of Hult students full-merit scholarships. With thousands of selected talents currently in its ecosystem MasterZ will launch its 1° Dubai-India-Europe Edition in September 2022, offering full-merit scholarships to the best GenZ talents.
Blockchain is the new technological wave and therefore incurs several problems that difficult its worldwide adoption. Even though it is expected to boost global GDP to $422 billion according to PwC, the market has been left behind since there are not enough necessary skills to keep up with its demand, opening a door to MasterZ as a solution.
After years of presence in the blockchain sector MasterZ, www.masterzblockchain.com, was created to being a skills accelerator that selects the best talents from Generation Z and top young and senior professionals and provides them with the necessary skills required by the market being blockchain the number one hard skill according to LinkedIn. Talents will be able to create, manage and undertake blockchain-based projects, increasing the global adoption of blockchain technology and tackling the current problems in the blockchain sector.
MasterZ is the joining link between current resources and the future worldwide blockchain adoption, currently having trained 2,500+ talents, MasterZ positions itself as a market disruptor and blockchain problem-solver, working alongside the top players in the sector, like Crédit Agricole, the 6th largest bank in the world, Algorand Foundation, The Sandbox, Celo.
By being in an ever growing blockchain ecosystem MasterZ has the opportunity to enhance blockchain adoption and provide talents with the skills to successfully insert themselves in this next technological wave, which has impacted every corner of the globe and every sector in the market.
Starting with the UAE, Alecos Colombo, CEO of MasterZ says, “Launching MasterZ Dubai Edition and attract the best talents from Hult International Business School, ranked top 15th worldwide, is an added value for all our network within MasterZ App”
MasterZ is setting up roots in the international markets, beginning with the presentation and offering of hundreds of full-merit scholarships in the top 15th business school for its MBA program and 31st top business school in the overall world ranking according to The Economist, in the Dubai campus of Hult International Business School on June 17th during their elective Introduction To Bitcoin And Blockchain Technologies. Being Hult a worldwide renowned business school, MasterZ adheres to its mission of selecting the best GenZ talents and top young and senior professionals, providing the most current know-how and therefore increasing the worldwide adoption of blockchain technology.


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A new body representing 20 major electric vehicle (EV) charging firms has said it aims to double the size of the UK’s charging network by the end of 2023.
ChargeUK, whose members include the VW-backed Ionity and the EV charging arms of Shell and BP, announced it will invest over £6bn installing and operating new EV charging infrastructure by 2030.
This will amount to the installation of tens of thousands of new chargers this year, with the aim of doubling the size of the network through 2023.
There are currently fewer than 39,000 public charge points in the whole of the UK. A study from 2021 found that the installation of chargers needs to increase by five times the current rate if the plan to phase out petrol and diesel vehicles by 2030 is to be achieved.
ChargeUK said it wanted to work “collaboratively” with the government to shape the policies and regulation needed to enable a faster transition to EVs.
Ian Johnston, ChargeUK Chair, said: “The formation of ChargeUK is an exciting day and is a demonstration of the electric vehicle charging industry’s growing size and importance to the UK economy.
“Together we are investing billions of pounds to get more charge points in the ground right across the country. These numbers reinforce our commitment to the UK’s net-zero future.
“We will continue to be a proactive partner to government as we deliver a world-class charging infrastructure, giving the nation’s drivers confidence to transition to electric vehicles.”
Transport decarbonisation and technology minister Jesse Norman said: “The launch of ChargeUK shows how industry working together, alongside the government, can release private investment, improve delivery, raise standards and promote the use of electric vehicle charging infrastructure for drivers across the country.
“Our commitment to decarbonising transport, backed by hundreds of millions in funding, has helped to unlock private sector investment, and the ambitious plans of ChargeUK’s members will support more people than ever make the transition to EVs.”
Last month, Surrey County Council announced the largest deployment so far by a UK local authority, with plans to install around 10,000 chargers by 2030.
However, EV owners in the UK have been forced to contend with a 42 per cent hike in the cost of using public rapid chargepoints, after the price of energy soared following Russia’s invasion of Ukraine.
Sign up to the E&T News e-mail to get great stories like this delivered to your inbox every day.


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Evins Brings Media Attention to the Heart of Kyoto
When Japan reopened its borders to international travelers in October 2022, Evins capitalized on pent-up demand in the US and UK for client HOTEL THE MITSUI KYOTO. The hotel opened during the pandemic and there was a great opportunity to introduce top-tier media for the first time to new experience when traveling to the market.
To build awareness and third-party advocacy, Evins’ strategy included hosting a mix of individual and group trips with personalized itineraries, resulting in significant and ongoing media exposure in prestigious national and international luxury travel outlets.
- 18 media visits, averaging 1.5 stays per month
- 1.2 Billion Impressions
- Media Coverage in Outlets Such As T Magazine, The New York Times, Architectural Digest, Conde Nast Traveler, Elite Traveler and others.


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Tuesday, September 18, 2007
Google has finally launched the Presentations component of Google Docs. (Yes, it's now just Google Docs, no longer Google Docs & Spreadsheets.) You can import PowerPoint presentations 10MB or less) or create your own presentations online. Functionality is less than that of PowerPoint, but that's to be expected. Collaboration features, however, make the deal. You and your colleagues can edit a presentation simultaneously and, of course, multiple invitees can view the presentation over the web. When viewing a presentation, everyone can participate in a group chat via Google Talk. Expect additional features to be added in coming weeks and months.


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As with everything related to travel in the age of Covid 19, it seems, my first planned river cruise in more than a year couldn’t start without a little drama.
Two days before we were to depart, it almost fell apart due to last-minute confusion over whether the American Queen Steamboat Company’s new paddlewheeler, the American Countess, met CDC requirements for sailing with no more than 250 people on board.
But the wrinkle was ironed out quickly, and the company on Sunday was able to pull off the christening and launch of the Countess under health and safety protocols with efficiency that has so far has had minimal impact on the guest experience.
American Queen has announced that it will require all passengers to be vaccinated starting with its July cruises — by that time most of the country is expected to have access to the shots. But passengers on its early sailings need only have…


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SOFTSWISS, an international tech company with over 15 years of experience in iGaming, triumphs at the EGR Nordics Awards as Software Supplier 2024.
The EGR Nordics Awards honours the most successful and innovative online gaming companies in the Nordic region that have excelled over the preceding year. The Software Supplier Award recognises the supplier that provides a market-leading consumer-focused software solution for gaming operators.
Having a comprehensive range of products and solutions for online gaming and betting, SOFTSWISS also offers innovative tools for player retention and a top-notch platform for affiliate marketing management. The tech company’s robust ecosystem of products allows its clients to build an iGaming business from scratch.
More than 860 brands use SOFTSWISS’ software to ensure the best player experience and unlock boundless growth. The Casino Platform, the company’s flagship product, unites over six million players from different regions around the globe.
SOFTSWISS has been shaping the gaming industry with technological advancements and innovations for a decade and a half already. Over 15 industry awards gained last year reflect the acknowledgement of industry professionals and clients. A recent Kantar survey indicates that 80% of SOFTSWISS clients are satisfied with the company’s offerings and services.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “We are deeply honoured and elated to achieve the prestigious Software Supplier Award. This accolade is a testament to our steadfast commitment to innovation and relentless pursuit of client satisfaction. We extend our heartfelt gratitude to our talented team, whose tireless efforts and unwavering dedication have contributed to this achievement. Additionally, we express our sincere appreciation to our esteemed clients for their continued trust, which is the pivotal metric of our success.”
Celebrating its 15th anniversary, SOFTSWISS remains deeply involved in key industry events and activities. The company’s existing and prospective clients can meet the award-winning team during SBC Summit Rio on 5–7 March at stand D360 and SiGMA Africa on 11–13 March at stand 25S.
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.


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TOYOTA CONFIRMS THE UPCOMING RAV4 electric vehicle will be fully assembled at its Woodstock, ON, Canada, plant, with output beginning next year. Ward's first reported the news Aug. 3.
The RAV4 EV will go down the same line as the gas-engine RAV4, already built at Woodstock.
It originally was thought that final assembly of the electrified RAV4 would occur at upstart EV-maker's Fremont, CA, plant, with Tesla installing the motor, battery, gearbox and power electrics in bodies shipped from Woodstock.
is paying about $100 million for the RAV4 EV's powertrain, which Tesla is assembling in Palo Alto, CA.
However, “the Tesla-joint development team has agreed that building the vehicle at the Woodstock plant on the same line as the gasoline-powered RAV4 will streamline and simplify the production process and guarantee the highest level of quality control,” Ray Tanguay, chairman of Toyota Motor Mfg. Canada says.
The RAV4 EV will go on sale in the U.S. in mid-2012, and initially be offered in California.


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s The technology is digital.
s The medium is cyberspace. The product is a strategic system for billing, collection and customer services (BCCS) that integrates knowledge and choice through...
York, Maine, New Jersey and Massachusetts pay three times as much for their electricity as consumers in Idaho, according to the annual "NUS 1999 Electricity Price Survey" released Aug. 31 by National Utility Service. The survey found that electric prices vary significantly from state to state, and that prices in states with deregulated markets are not necessarily the lowest.
The highest electric price, the survey finds, is 9.53 cents per kilowatt-hour in Albany, N.Y., followed by Augusta, Maine, at 9.37 cents per kilowatt-hour. Boise, Idaho boasted the lowest price, at 3.03 cents per kilowatt-hour, and the second-lowest is Frankfort, Ky., at 3.50 cents per kilowatt-hour. "Electricity prices in states that have deregulation, such as California, Massachusetts and Rhode Island, remain above the national average," said Richard Soultanian, NUS co-president, pointing out that stranded-cost recovery was partly responsible for the higher prices. Soultanian warned that consumers cannot rely on deregulation alone to provide them with low prices. "Customers must still be proactive," he said. Contact Soultanian at 800-888-2190.
Competitive Metering & Billing. Competition for electric metering and billing services can promote and advance the development of the competitive retail electricity market in Virginia, according to a state commission report filed with the General Assembly on Sept. 1. The report recommends that the commission be given the authority to decide on the timing and type of metering and billing competition. Virginia's Electric Utility Industry Restructuring Act, passed earlier this year, opens the state to electric retail choice on a limited basis as early as Jan. 1, 2002. Contact Ken Schrad, 804-371-9141.
State Regulation. At a Sept. 23 meeting in Peekskill, the public staff of the New York Public Service Commission was to review the status of the PSC's "Nuclear Issues Proceeding" on the future of the state's investor-owned nuclear plants in a competitive environment.
In Phase I of the case, the PSC will consider whether to impose market pricing for nuclear costs and energy. Phase II will examine various scenarios for plant ownership and operation, including possible divestiture or shutdown. Phase III studies potential real property taxes and impacts on the environment, reliability and health and safety. Copies of the interim report are available on the commission's website at www.dps.state.ny.us/nuclear.htm. Case 99065/98E0405 (N.Y.P.S.C.).
Y2K Compliance. The Nuclear Regulatory Commission's report, "Year 2000 Readiness in U.S. Nuclear Power Plants (NUREG-1706)," confirms that all 103 U.S. nuclear power plants have no Y2K-related problems that affect performance of safety systems needed to safely shut down the plants. The NRC concluded that (1) at all 103 plants there were no Y2K-related safety system concerns; (2) all licensees are following staff-approved industry guidance for achieving Y2K readiness; and (3) the few Y2K fixes related to non-safety items would be completed before year's end. See www.nrc.gov/NRC/NEWS/year2000.html.
Plant Relicensing. The NRC issued final rules with a generic finding on the environmental impacts of transporting spent fuel and nuclear waste, so that plant owners seeking renewal of their licenses will not have to repeat the analysis with each relicensing application. For its generic findings, the NRC studied environmental


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The Electric Cycle Company has launched a £70,000 crowdfunding campaign to refurbish its new 4000 sq ft base in Edinburgh.
The firm is to increase its retail space and workshop fourfold after more than doubling its sales during coronavirus. It says the new premises will be the UK's largest specialist ebike store.
The move after 10 years at its to current premises on Granton Road is due to get underway next week and will take around six weeks to complete.
The new shop, which will open in early September, is to be carbon-neutral with solar panels on the roof and battery banks to power lighting and bike charging. Heating will be provided by a biomass boiler powered by the waste packaging the business creates.
The ECC hopes e-bike customers, new and old will be keen to ‘pay forward’ into the crowdfunding campaign in return for future discounts on e-bike products, accessories and services.
Managing director Neill Hope said: "We’ve always been the largest e-bike specialist in Scotland, continuously at the forefront of the industry. My dad started the Electric Cycle Company in 2006. I took over 10 years ago and moved it into proper retail premises on Granton Road.
"Since then we have seen our turnover increase year on year, by as much as 500% over this period. Our staff numbers have increased from two to 10 and we now have the widest range of electric bikes in Scotland.
"This is something I could never have imagined when my family started the business from the back of my Dad's office, as an offshoot from his plastering company. We also have the added benefit of being backed by the North Edinburgh Community.
“Since the start of the Covid-19 lockdown there has been a revolution in cycling and our sales have increased by more than 100%, as compared with the same period in 2019. With such a high demand for e-bike sales and maintenance, the Granton Road bike shop and workshop are just too small to operate as safely and efficiently as we want. Our move can't come quick enough."


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blair2019: 2020 Air Jordan 12 Reverse Flu Game Coming Soon
2020 Air Jordan 12 Reverse Flu Game Coming Soon
Air Jordan 12 Reverse Flu Game Dressed in a Varsity Red and Black color scheme.During the holiday season, Jordan Brand will be debuting an all-new Air Jordan 12 “Reverse Flu Game” colorway.No leaked photos have surfaced, but this Air Jordan 12 is expected to feature an “Alternate” take of the iconic “Flu Game” release with Red on top and Black on the bottom.
New Yeezy Boost 2020, the Yeezy Quantum, is officially set to make its retail debut in 2020.adidas Yeezy Quantum Barium will be launching is this all-Black “Barium” colorway. It features a Dark Green Primeknit upper with Black panels on the toe and heel counter. A Green-colored Boost midsole completes the design.
2019 Sneakers Release has been popping up in a few new color option, and now we take a look at a “Triple Black” Sample.A Black plastic heel piece atop a Black 4D-printed midsole atop a translucent outsole completes the design.adidas 4D Run 1.0 Triple Black sports a sleek Black and Grey knitted upper paired with matching Black tonal branding on the Three Stripes and tongues.


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After a string of teasers, Panasonic has finally pulled the wraps off its newest smartphone dubbed P81. The Panasonic P81 is company’s first octa-core. the device is now available for Rs 17,999 via Snapdeal. The online retailer promises to ship the device in two business days.
The P81 poses a sleek at 7.9mm profile and follows the phablet trend with a 5.5-inch IPS display with 720p resolution. Just like most of the mid-range smartphones entering the Indian market, it comes with dual SIM functionality. It comes powered by an octa-core processor that clocks at 1.7GHz coupled with 1GB RAM. The chipset isn’t specified, but considering the price point and octa-core capability, it could be Mediatek.
On the camera front, one can expect a 13-megapixel rear snapper with auto-focus and LED flash, and a 2-megapixel front-facing camera. It gets 8GB onboard storage, expandable up to 32GB via microSD card slot. The device runs on older 4.2.2 Jelly Bean flavor of Android, and also gets a layer of Play Life UI.
Other connectivity options include 3G, Wi-Fi, GPS and Bluetooth 3.0 A2DP. The device will also support FM radio. All of this will be fuelled by a 2500mAh battery.


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Byton M-Byte to get on the conveyor will help iPhone manufacturerJanuary 5, 2021
The Byton M-Byte was supposed to enter the assembly line in 2019, but the start of production had to be postponed for a number of reasons.
At the same time, today, January 5, it became known that the iPhone manufacturer, Foxconn and Nanjing Development Zone, will help in launching the production of M-Byte. So, a cooperation agreement was signed, which provides for the release of the debut M-Byte in the first quarter of 2022.
Under the terms of the agreement, Foxconn will provide its advanced manufacturing expertise and industrial resources to support Byton M-Byte production. This is to advance Foxconn’s EV ambition, which calls for a flexible platform capable of supporting a variety of vehicles, including hatchbacks, sedans, SUVs and MPVs.
Little else is known about the deal, but Automotive News reports Foxconn is investing roughly $ 200 million. In turn, Byton announced the completion of the construction of the plant in Nanjing, and the production of the first pre-production copies of the M-Byte in early 2020.
The M-Byte should be offered with a 201-horsepower electric motor at the front and a 268-horsepower electric motor at the rear. They will be powered by batteries with a capacity of 72 and 95 kW / h, which are capable of providing a cruising range of up to 550 km in the NEDC cycle.
In addition, some time ago it was noted that the Chinese company NIO announced a long-range electric sedan. It should be emphasized that this new product of the Chinese brand will resemble last year’s NIO ET concept.
- Third generation Haval H6 SUV prices announced
- BMW plans to double EV sales in 2021
- Mercedes-Benz has published details of the new electric crossover EQA
- Automotive brands that patent the most innovations named
- Former Volkswagen CEO Martin Winterkorn may go to jail for 10 years


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UK Gold and UK Living programming director Steve Ireland has been tipped for a role within Granada’s satellite and cable channel, Granada Gold, planned for 1996.
Elida Gibbs is changing its name to Elida Fabergé in January to attract more younger consumers to its brands. Helmut Ganser, chairman of Elida Gibbs, has denied that parent company Unilever plans an administrative merger of his division with detergents subsidiary Lever Brothers (MW November 17).
Nestlé is about to clinch an agreement to become a trading partner with Thorpe Park, the South-east theme park. It is also negotiating with London Zoo and Alton Towers, and has been holding talks with Legoland and Vardon Attractions. Nestlé is also understood to be launching a dark chocolate version of Kit Kat.
Nintendo’s Ultra-64 system – rival to the Sony PlayStation – will not be available in Japan for Christmas as expected. However, its UK launch in April 1996 remains unaffected, the company claims.
Thomson Holidays is injecting millions of pounds into its direct sales arm Portland Holidays, and looking to recruit a marketing manager to develop a new strategy and corporate identity.
Club 18-30 is looking for a marketing team, following this week’s announcement of a buyout by newly formed Flying Colours Leisure Group. Former marketing manager for the brand, Becky Impey, will become product director for its Priority Holidays brand. Md of Club 18-30 will be Stuart Hayward and md of sister company Sunset Holidays, Hugh Morgan.
National Tyre Services has appointed Adrian Dunleavy to the newly created post of marketing director. Dunleavy was formerly international marketing manager at Shell International Trading & Shipping Company.
Premier, London’s Christian radio station, is facing a clear- out of staff as it seeks to cut costs. The station’s chief executive Peter Meadows and programming director Mark Seaman are known to have left the company along with one other director. The station is owned by a charitable trust, which includes Sir Cliff Richard as a patron. The trustees were meeting the station’s management as Marketing Week went to press, deciding upon further redundancies.The station, which launched in June, had 240,000 listeners in its first Rajar.
Marketing Week is backing ExSpo ’96, a new event focusing on sponsorship run by Single Market Events. It will take place on May 21 to 22 at the Royal Lancaster Hotel, London. Contact Allan Morgenthau on 0171 723 1200.


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Ono Hawaiian BBQ Celebrates with Hawaiian Dancers, Gift Card raffles, food specials and more!
Online PR News – 16-October-2019 – Modesto, CA – WHAT: Ono Hawaiian BBQ is bringing a taste of the islands to Modesto, California with a grand opening celebration on Friday, October 18th, 2019. This is the first Ono Hawaiian location in Modesto. Guests will enjoy special promotions including buy one, get one free on all menu items all day, including the specialty "Plate Lunch" and other popular Hawaiian inspired foods. Additionally, from 11am-1pm there will be a raffle of 50 $100 gift cards and Hawaiian Dancers from 11:30am-1:30pm.
The Modesto location will be Ono Hawaiian's 89th location overall, with 12 new locations set to open across California and Arizona within the next year.
WHEN: October 18, 2019 at 11am- 9:30pm
WHERE: 2225 Plaza Parkway, Suite A Modesto, CA 95350
WHO: About Ono Hawaiian BBQ
Founded in 2002, Ono Hawaiian BBQ is a family-owned fast casual restaurant known for its authentic Hawaiian Plate Lunches and other island specialties. Ono Hawaiian uses the freshest ingredients, prepared from scratch daily in each restaurant and grilled fresh to order. With locations in California and Arizona, Ono Hawaiian BBQ aims to combine the culture and "Aloha" spirit of Hawaii into their restaurants to bring a taste of the islands with exceptional service in an inviting atmosphere. Follow Ono Hawaiian BBQ on Facebook, Twitter and Instagram. For more information, visit: https://www.onohawaiianbbq.com/
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A new report claims Microsoft may soon reveal a "Gears of War" remake for Xbox One featuring upgraded visuals. The remake will reportedly come from "Brink" developer Splash Damage.
...of Microsoft's mobile vow, bad Apple, and weather to upgrade to Windows 10
Aliens vs. Pinball Pack: Three Alien-themed tables for Pinball FX2
Cumulative update available for Release Preview Ring
windows 10 update
Project Fi: Google's phone service on a Nexus 5X, iPhone 6s Plus, and Windows phones
google project fi
Elephone Vowney: Phones need more than high specs
Build 14332 out for PC + Mobile
Splash Damage, the game developer best known for titles like Brink and Wolfenstein: Enemy Territory, have announced plans to move into the free-to-play game marketplace with a variety of titles.
The long awaited first DLC release for the first person shooter Brink will finally be released Wednesday August 3 and will be free to download for its first two weeks.
A few weeks after the release of the sci-fi first person shooter Brink, the development team at Splash Damage has now launch the official player stats page for the game. The stats are currently just...
This past week saw the release of Brink, the long awaited sci-fi first person shooter from developer Splash Damage and publisher Bethesda Softworks. Since its release on Tuesday the game has been hit with a...
Tuesday's release of the long awaited first person shooter Brink has not been without some issues for all of the game's platforms. However the game's developers at Splash Damage and publisher Bethesda Softworks are now...


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The rise in interest rates is not in doubt, because the governor of the Reserve Bank of India (RBI) said on May 23 that the decision would be a "no brainer".
Economists polled by Reuters expect a rise of 25 to 75 basis points. It will follow a 40-basis-point rise in May that kicked off the central bank's tightening cycle, which economists expect to be relatively short.
"A hike at this week's RBI ... policy meeting is a foregone conclusion," said Radhika Rao, senior economist at DBS Bank.
"Inflation has proved to be persistently high in the past three years, even as drivers have changed - from supply bottlenecks to commodities and reopening pressures," she added.
Retail prices in April were 7.79% higher than a year earlier, exceeding the RBI's tolerance band for inflation of 2% to 6% for a fourth month in a row. Inflation is expected to stay high in the near future.
RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth.
The market is pricing in an increase of about 50 basis points on Wednesday.
Analysts also expect the RBI to reduce liquidity, reinforcing its fight against inflation and extending its effort to return monetary conditions to what they were like before the pandemic prompted radical action to stimulate the economy.
"We see the RBI continuing with measures to absorb liquidity," BofA Global Research said in a note on June 3, predicting a 50-basis-point increase in the cash reserve ratio (CRR) for banks, which would absorb around 870 billion rupees in the banking system.
Rao at DBS said: "Further CRR increases are on the cards to lower the liquidity surplus and aid transmission" - that is, to assist rises in interest rates to affect the economy.
Tighter liquidity will add upward pressure to bond yields. The benchmark 10-year yield has already risen more than 100 basis points in 2022, driven higher by global oil prices and rising expectations for short-term interest rates.
Meanwhile the government is raising its borrowing requirement with fiscal measures to hold down inflation, such as cuts to customs and excise duties on fuel. Economists believe such fiscal action will have to continue.
So the central bank may have to support it by returning to buying bonds and thereby holding down yields.
"Asset purchases through G-SAP (the government securities acquisition program) could be reintroduced if the central bank felt this was warranted to contain fiscal risks," said Shilan Shah, senior India economist at Capital Economics.
In April, the central bank lifted its inflation forecast, saying average retail prices in the year to March 2023 would be 5.7% higher than a year earlier. Economists expect it to further raise the forecast on Wednesday.
But the 2022/23 gross domestic product forecast will probably be left unchanged at 7.2%, they say.
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- GST Kitty Swells, Factory Activity Hits 31-Mth High
Data released Thursday indicated India’s sustained economic momentum at the start of the new fiscal year, with goods and services tax (GST) collection growing at a rapid clip in May as manufacturing activity hit a 31-month high in the month. Vehicle and fuel sales backed up the trend.Major Players Looking at India as Next Chip-making Destination
India will focus on creating a supportive ecosystem for semiconductor manufacturing in the country first, and not only on fabrication units, according to union technology, railways, and telecom minister Ashwini Vaishnaw.
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With the possible exception of Italian exotics such as Ferrari and Lamborghini, no contemporary automotive brand name has more romantic...
There were no real surprises as Jaguar officially unveiled its C-X16 concept sports car at the Frankfurt Auto Show today.
Read This Article
There's a lot happening at Jaguar for 2013, including the announcement that the XF and XJ will be receiving all-wheel drive.
Stuck in a dead-end job you get chest pains thinking just about when you wake up in the morning?
There are few cars that light our fancy quite like Jaguars.


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Becoming mobile has never been so important.
For the majority of people, your mobile is the one thing you carry with you everywhere, some may even go as far as saying they feel an emptiness without it.
Everyday we rely more and more on mobile apps for simple things like writing notes, capturing images and even paying for goods over the counter. It's easy to see why we can’t put the phone down.
According to Deloitte 2015 Mobile Consumer Survey, Australians are app savvy and tend to be early adopters of new technology and online commerce trends.
“Australians look at their smartphones more than 30 times a day on average. This constant appetite for checking-in, messaging with friends, reading the news and the growing fear of missing out, means Australians are an even more connected nation than before”.Deloitte.com
“As a nation of multitaskers, Australians are quick to reach for their smartphone turning what was once ‘downtime’ into ‘browse time.”Deloitte.com
The influence of mobile technology is hard to ignore, look at Verizon’s recent purchase of Yahoo for $4.83 billion. Verizon CEO, Lowell McAdam said “By acquiring Yahoo, we are scaling up to be a major competitor in mobile media”. Verizon sees the same amount of traffic on its networks in an hour now as it did in a week a decade ago.money.cnn.com
So why are aren't all businesses rushing to get into the mobile market? The main reason is money.
Good news for all businesses, the price of developing mobile apps is becoming more affordable as technology and knowledge increases in the market space. Just as web development was in the early 90’s, mobile apps may soon become a necessity for businesses and as demand increases, supply usually follows.
The future of mobile is looking bright.


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ZTE is making more inroads in the U.S.
The company announced Thursday its first product with Verizon Wireless--a $79.99 mobile broadband modem. The deal also marks ZTE's second agreement with a top or "tier 1" U.S. carrier. ZTE struck an alliance with
Sun points to other signs of growth for ZTE USA. The company is opening several new sales and service offices in cities including Atlanta, Kansas City, San Francisco and Seattle. It is also planning a research and development space in San Jose, Calif.
It continues to work with established partners like No. 5 carrier MetroPCS, which will launch new ZTE phones this fall. A few other regional carriers will also begin carrying ZTE handsets later this year.
Outside the U.S., ZTE is already raising its profile with new smart phones. It has created smart phones with touch-screens and Qwerty keyboards for some "tier 1" European carriers and is developing a phone that will run
Despite Sun's efforts, hometown rival Huawei still upstages ZTE with major deals such as the one announced Tuesday with U.S. WiMax provider
Those advanced products, which could include multi-mode LTE handsets and base stations, will debut next year. "We want to be one of the first to provide LTE-enabled devices [in the U.S.]," Sun says.
Sun is also optimistic that ZTE USA will net some federal broadband stimulus funding through its relationships with rural carriers. "We are qualified to provide those solutions," he says.


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Jordan Brand has a special event planned for New York City as part of its ongoing Space Jam campaign. Jordan will partner with Foot Locker to bring an experience based on the movie and the accompanying sneakers to the Harlem House of Hoops location on Dec. 1 at 8 p.m.
Foot Locker teased the event today via a Facebook Live video that slowly revealed the time, date, and location.
Unfortunately, neither entity has said much about exactly what is going down at this week's Space Jam event at House of Hoops.
The biggest of events tied to the movie this season is obviously the release of the "Space Jam" Air Jordan 11, a shoe currently scheduled to launch on Dec. 10.


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AMD, following on the footsteps of announcing its “Kaveri” high-performance Accelerated Processing Unit (APU), just announced its 2014 mobile APU product roadmap at the APU13 Developer Conference today. Offering more than twice the performance of previous generation AMD processors for fanless tablets, 2-in-1s and ultrathin notebooks, the APUs codenamed “Mullins” and “Beema” will hit the market in the first half of 2014 in entry-level and mainstream products.
The latest AMD APUs also support Microsoft InstantGo for faster wake times and to ensure data such as email actively refresh even when the device is in standby mode. Both of these new processor families are also the first to integrate a dedicated AMD-developed security processor based on the ARM Cortex-A5 featuring ARM TrustZone technology for enhanced data security. This will make AMD-powered tablets and notebooks far more appealing to businesses that use these devices for point-of-sale transactions.
The Mullins and Beema APUs use either two or four “Puma” CPU cores and AMD Radeon graphics on a 28nm system-on-chip (SoC) architecture. Unfortunately, unlike the high-performance Kaveri chips, these mid-range and low-end chips won’t have heterogeneous Uniform Memory Access (hUMA). This isn’t a deal breaker considering the performance boost and the security benefits that Mullins and Beema bring to the table, but it is something of a letdown considering how important hUMA is the the future of AMD’s accelerated processors.
The full specs for all the new processors are planned to launch (with their full list of public model names) in the first half of next year and will be demonstrated at CES 2014 as part of a full suite of AMD-powered products that will also be announced at that time.


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This week on a packed edition of Double Stint, John Dagys, Ryan Myrehn and Dan Lloyd recap the busiest weekend of sports car racing of the year including the finales for the IMSA WeatherTech SportsCar Championship, the FIA World Endurance Championship, and the GT World Challenge Europe power by AWS Endurance Cup. They then discuss IMSA silly season rumors, the latest on Toyota’s hypercar program, and the rest of the news of the week before wrapping up with listener questions.
Have a sports car racing-related question for the show? Submit it via Twitter with the hashtag #AskDoubleStint, or submit it as a comment in this thread and it may be featured on next week’s show. Please limit your submissions to two questions per week to ensure that we can get to everyone.
Want to get the latest episode direct to your smart speaker? Enable the Sportscar365 Double Stint Podcast skill on Amazon Alexa and ask Alexa to “Play Double Stint Podcast”. Google Home users can use the same command line to access episodes on all Google Assistant-enabled devices.


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A rumor has suddenly started to spread that Google, the global leader in the information technology industry, will acquire a stake in LG Electronics. An LG Electronics spokesperson denied the rumor, saying, it was “just too preposterous to mention,” but nevertheless the rumor is snowballing, interlocking the recent business slump with expected synergy effects from cooperation with Google.
According to industry sources on July 22, the rumor that Google will buy 35 percent or 2.5 trillion won (US$2.15 billion) of LG Electronics through a block deal (off-hour block trading) has spread in the market. If it becomes a reality, Google will become its top shareholder, overtaking its holding company LG Corporation.
The rumor spread like wildfire, and LG Electronics immediately denied it. An LG Electronics representative said, “We have never discussed about a share purchase with Google.”
In fact, most shares in the company are owned by individual shareholders, except for its holding company and the National Pension Service. Considering this fact, a block-deal of a 35 percent stake is practically impossible.
Despite the denial of LG, the current situation is too strange to consider it just a rumor.
First of all, LG Electronics has been unable to find the momentum to improve its performance this year, watching for an opportunity to revive. Due to widening deficits in the TV sector and dwindling sales of its strategic “G4” smartphone, the company saw its second-quarter operating profits tumble almost 50 percent year-on-year.
In the meanwhile, there has also been much speculation that Google is mentioned as the key player in the acquisition of an LG Electronics’ stake. First, Google and LG Electronics have something in common – both companies consider the smart car sector to be the next growth engine.
LG Electronics has also signed a partnership agreement with Google for its premium “OLED TV” initiative, expanding cooperation into other areas. The company held an “OLED TV Digital Marketing Cooperation Proclamation Ceremony” with Google last month, and agreed to target the global market through joint marketing.
An official from the industry said, “With LG Electronics’ business slump plausibly meshing with the recently-strengthened cooperation with Google in the smart car sector, the rumor is spreading in a flash.”


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According to a 2020 study by the Centers for Disease Control and Prevention (CDC), an estimated 44 percent of Americans, or 145.8 million people, used at least one prescription drug in the past month a number that has been increasing steadily over the past few decades.
Democratic health advocate Lisa McCormick is calling on federal lawmakers to help make improvements in the environment and food supply to make Americans more healthy.
“The food we eat has a profound impact on our health,” said McCormick. “What we eat can either make us healthy or sick. In recent years, there has been a growing concern about the quality of our food supply. Many Americans are now suffering from obesity and malnutrition at the same time.”
The National Health and Nutrition Examination Survey (NHANES), a national survey of health and nutrition in the United States, reported that the percentage of people Americans who are obese increased from 30.5% to 41.9%, while the prevalence of severe obesity increased from 4.7% to 9.2%.
McCormick said among the main culprits behind this problem are McDonald’s and other fast food chains. These companies have been polluting our food supply with unhealthy ingredients, such as processed meats, high-fructose corn syrup, and artificial additives. These ingredients have been linked to a number of health problems, including obesity, heart disease, and cancer.
In addition to fast food, big agricultural corporations are also contributing to the problem. These corporations use intensive farming practices that pollute our water supply and soil with pesticides, herbicides, and fertilizers. These chemicals can also make their way into our food supply, harming our health.
“The sugar content of a typical diet is outrageous and the consequences of mass processing are a society that is both obese and malnourished,” said McCormick. “As we discover that fossil fuel emissions have wrecked the global temperature exchanges, forever chemicals are in virtually all our water supplies and ubiquitous plastic pollution is manifested in our brains as well as marine animals and birds, it is clear that humans are destroying humanity.”
“We need to take action to clean up our food supply and protect our health. We can start by making healthier choices about the food we eat,” said McCormick. “We should also support policies that promote sustainable agriculture and food production. By working together, we can create a healthier food system for ourselves and future generations.”
It is time to stop poisoning our planet, says McCormick, who has proposed a number of remedies for the growing threats posed by irresponsible technology and industry.
McCormick said fewer Americans would need medication if they simply had a safe environment and healthy food supply.


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• The Company will reveal its new flexography printing press, designed for large formats
Girona, 15 March 2016 -Comexi, a specialist in machinery solutions for the flexible packaging conversion industry, will show its most ambitious innovations at the next edition of the Drupa fair, the most important in the sector, which will be held from 31 May to 11 June in Düsseldorf (Germany). At its stand Hall10/B20, the company will reveal its new printing presses that combine sophisticated performance and the latest technology innovations.
Comexi’s broad experience has proved its in-depth knowledge and ability to offer excellent innovations for the flexible packaging conversion industry. Always aiming to satisfy the needs and demands of the market, the company has implemented new high added value technologies in printing, laminating and cutting, and also to support company development.
As a world supplier, at the Drupa fair, Comexi will show new technologies for its three printing lines: flexography, rotogravure and offset. The main novelty will be the presentation of a new flexography printing press that will allow greater automation in the printing process.
The new machine is a development of the previous FI, Comexi’s best-selling and successful large format printing press. The Director of Marketing and the Comexi Technological Centre, David Centelles, has highlighted that, with this new press, “we offer our clients top level solutions by supporting a high performance technology, which also confirms our position as an important reference in the flexible packaging printing market”.
Comexi also supports automating its offset technology. Following the 2012 Drupa fair where it showcased its revolutionary printing press solution with a central drum, this year it will reveal its new automation system for its well-known CI8 Offset printing press, before a world audience.
New solutions for its R2 rotogravure printing press
Comexi, as a world supplier with three printing press lines, will also avail of the Drupa fair to showcase a new printer body for rotogravure printing presses, which will enable top quality tasks.
The R2 printing press is the latest new Comexi addition to the rotogravure sector, and includes leading edge technology in terms of machine control or in direct driving systems to increase efficiency, as well as Simotion by Siemens which increases energy savings regarding machine consumption.
Alliance with HP
At Drupa, Comexi will also be exhibiting at the HP stand, with its L20000, the water-based laminating machine specially designed to complement the digital HP printer Indigo 20000. From the HP stand they will run demos with the new machine, which is aimed at providing a response to manufacturer demand for work being available within 24 hours. This is achieved thanks to the fast and intuitive way the machine starts up, and how quickly the water-based adhesives dry.
With the L20000 laminating machine, Comexi strengthens its environment commitment by eliminating solvents and using water-base adhesives, and using more sustainable and efficient technology.
Supporting smart factories
Also at the Dupra fair, Comexi will show its commitment to strengthening ties with its clients and supporting their company development, by presenting an innovative production control tool that will help them improve plant efficiency. The new application also shows Comexi’s commitment to driving technology and spearheading the implementation of smart factories, known as industry 4.0.
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- SaskTel selects Ericsson Device Connection Platform (DCP) as a service to offer subscription services to its enterprise market
- Ericsson DCP provides machine to machine (M2M) enablement through communication between devices and applications
- The offered solution is cloud-based and SaskTel will benefit from the platform's unique features and low cost which in turn will be shared with its customers
TORONTO, June 24, 2015 /CNW/ - Ericsson (NASDAQ:ERIC) has reached a deal with SaskTel in Canada to provide M2M connectivity. Ericsson Device Connection Platform (DCP) as a service will provide SaskTel with a fast market launch with low risk and long term advantages in agility and economies of scale. It provides an optimized M2M connectivity platform supporting deployments for a high number of devices and applications covering a wide range of industry verticals and the emerging connected consumer electronics.
Angel Ruiz, Head of Ericsson Region North America, says: "Ericsson's platform on which the SaskTel subscription service is based has been successfully integrated and deployed worldwide with multiple leading carriers. SaskTel now has the opportunity to move up the M2M value chain in order to capture higher proportions of available revenue within the space of IoT. We are proud to support SaskTel's success in the M2M/IoT business."
Ericsson operates a DCP containing functionality and capacity that provides M2M enablement through communication between devices and applications. It will enable SaskTel to address new revenue streams from a vast variety of devices while simplifying the process and reducing the cost of connecting them.
Managed connectivity in M2M is the first step and the most significant part of SaskTel building an offering in the Internet of Things (IoT) business area, being able to address the evolving needs of its customers in areas such as agriculture, utilites, and transport.
Ron Styles, President and CEO, SaskTel says: "SaskTel's M2M service will help our business customers to streamline processes, boost productivity, and increase profitability. The M2M Management Centre will allow business owners to simply automate important functions like stock management, remote or equipment monitoring, fleet status, or location based tracking of assets."
The global IoT platform revenues are forecasted to grow at a rate of over 30 percent per year to approximately CDN 3.3 billion in 2020. The M2M/IoT market in North America, which SaskTel is now becoming a part of, is the biggest in the world and is comprised of a variety of solutions targeting specific industry verticals. Key verticals with IoT/M2M opportunities include auto and transportation; utilities and smart grid; logistics; healthcare; public safety and retail.
NOTES TO EDITORS
Download high-resolution photos and broadcast-quality video at www.ericsson.com/press
Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.
Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.
With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.
SOURCE Ericsson Canada
For further information: Ericsson Media Relations - Canada: Patricia MacLean, Phone: +1 416 414 7755, E-mail: [email protected]; Ericsson Investor Relations, Phone: +46 10 719 00 00, E-mail: [email protected]


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Tesla Motors CEO Elon Musk speaks to the media subsequent to its Model S.
Nora Tam | South China Morning Post | Getty Images
Tesla CEO Elon Musk has stated the corporate’s Model S Plaid automobile may be launched in China early subsequent spring.
Responding to a query on Twitter late on Sunday evening about when the electrical sedan will come to China, Musk stated “probably around March.”
Tesla didn’t instantly reply to a CNBC request for additional info.
Home to over 1.4 billion individuals, China is the most important electrical automobile market in the world. It is dwelling to a number of different electrical automobile makers together with Xpeng and Nio.
Tesla launched the Model S Plaid in June this yr, costing a reported $129,990.
The automobile has a 520-mile vary and it will possibly attain speeds of as much as 200 miles per hour (320 kilometers per hour).
When the automobile was launched, Musk stated it will be, “Faster than Porsche but safer than Volvo.”
This summer time, a brand new Tesla Model S Plaid caught fireplace in the U.S. whereas the motive force was on the wheel.
Tesla shares in New York have been up nearly 2.5% to $1,165 in pre-market buying and selling on Monday.


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Dear Editor, It was in the 1990s, at the nudge of the IMF, that the Indian economy was opened up. Now again, by not joining the RCEP, we are – in the name of protecting our indigenous products – letting go off a huge market and capital inflow. We need to strengthen our industry, dairy sector, etc., rather than work towards ‘protecting it’. Reforms need to be made, so as to make Indian goods capable of competing in foreign market. Healthy competition is sine qua non for growth. Not being a part of the bloc is not an end in itself, but should be the beginning of a journey of improving ourselves. Kirti Sharma, Mohali.
Car mishap: Shabana Azmi ‘stable’, FIR lodged against driver
Gal Gadot to executive produce new Nat Geo series
Shabana Azmi injured in accident
Shraddha Kapoor excited to be working with Ranbir Kapoor in her next
Naseeruddin Shah, Manisha Koirala and more to star in Netflix film ‘Freedom’
© 2017 State Times Daily Newspaper


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2020 Nissan Frontier Turbo Diesel Colors, Redesign, Release Date, Interior – The rumors are now a lot more regular. The 2020 Nissan Frontier uses a diesel engine. It is a reply to the growth of the mid-size pickup truck sector. Chevy Colorado is currently making use of this kind of drivetrain; it is just a make a difference of time when Toyota Tacoma is obtaining the engine which uses this type of gas, and Ford will prove to add diesel device at the initially Ranger’s upgrade. We may not predict Nissan to react, but the Japanese truckmaker is interested in this.
The 2020 Nissan Frontier Turbo Diesel engine will offer you a couple of benefits for the new 2020 Nissan Frontier. Initially, there is a much better fuel economy. Also, the new truck can contest with frontrunners in the class in towing capacity. Ultimately, the diesel engine together with a Pro-4X package can make off-road activities much more exciting.
2020 Nissan Frontier Turbo Diesel Redesign
The new 2020 Nissan Frontier will receive a whole lot of aesthetic changes. The new turbodiesel model will even deliver a fresh look. The following-gen truck will likely be launched quickly, but the company is not stating the release date. On the contrary, the very last records say the pickup is “almost ready”.
Properly, we now have under consideration that the model shows up beneath diverse brands. Nissan Navara is the base for Frontier, Renault Alaskan, Mercedes-Benz Class-X. Each one of these trucks is supplying diverse design alternatives, but generally, they are constructed on the exact same platform. Now, the 2020 Nissan Frontier can make an advance and make use of some distinctive improvements and design options. Regrettably, spy professional photographers are however to supply the followers with many photos. The company helps to keep the new truck far from any convention nicely.
2020 Nissan Frontier Turbo Diesel Engine
Below the hood of the regular Frontier is a V6 engine. Now, the truck will prove to add an alternative choice with a 2.8-liter turbodiesel device. Based on rumors, the drivetrain is likely to be available for the new era of the pickup that ought to get there following year. The engine is beneficial to at minimum 200 hp and 350 lb-ft of torque. Chevy Colorado will make 180 hp and 370 lb-ft of torque for 7,700 pounds of towing capacity. Euro-spec Ford Ranger is utilizing a 2.0-liter device that produces 200 hp and 330 lb-ft, but tows under its competition.
The new 2020 Nissan Frontier will connect the engine with a ZF 8-speed gearbox. The company announced that turbodiesel device will give back 30 % far better fuel economy than the V6 fuel drivetrain. A 4.-liter engine uses 19 mpg mixed. So, anticipate a diesel model with at the very least 25 mpg.
2020 Nissan Frontier Turbo Diesel Release Date
The 2020 Nissan Frontier is going into the 4th era. We will have it as the following time of year model, but release specifics are nevertheless unidentified. The new 2020 Nissan Frontier Turbo Diesel engine is not proved both. So, there are two alternatives in this article. The company is possibly holding out to complete the advancement of the new drivetrain to produce it as a celebrity model. On the contrary, we might see the base model of the 2020 Frontier, and after a little whilst the truck with a new engine. Properly, alternative quantity 1 is very likely to occur, even when the elite arrives later on then every person desires.
2020 Nissan Frontier Turbo Diesel Colors
- Metallic Blue
- Glacier White
- Super Black
- Cayenne Red
- Lava Red
- Brilliant Silver
- Night Armor
- Graphite Blue


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We can only hope the most people in the US are shopping on Black Friday and not watching the Oprah Winfrey Show today. Al Gore has brought his global warming propaganda machine to share with Oprah. Here are some of the topics that Gore is pushing:
“Some of the leading scientists are now saying we may have as little as 10 years before we cross a kind of point-of-no-return, beyond which it’s much more difficult to save the habitability of the planet in the future” Gore says.
Yes, but Al you have been saying that for over ten years and we are still here. And in the last ten years the global temperatures stopped rising and are now in decline.


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Sunset Overdrive, the open-world third-person shooter that launched exclusively on the Xbox One back in 2014 could soon make its way to Windows PCs. A Windows version of the game has recently been rated by the ESRB, and Windows Central is reporting today that the PC release is “near.”
While Microsoft or developer Insomniac Games have yet to confirm the PC port, an official announcement could be coming at Microsoft’s XO18 event on November 10. With its post-apocalyptic setting, unique art style and fun gunplay, Sunset Overdrive received some quite praise at the time of its Xbox One debut, and the Xbox One exclusivity almost seemed like a missed opportunity. It would be pretty great to see the game support Xbox Play Anywhere and cross-platform play between Xbox One and Windows 10, but a release on Steam would be even better.
Sunset Overdrive is currently free-to-play on Xbox One with Xbox Game Pass, and Microsoft previously gave it away with its Games with Gold program back in April 2016. This is really game that deserves to come back to the spotlight, especially after we’ve seen several Microsoft Studios games including ReCore and Super Lucky’s Tale being re-released on Steam.


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In the third quarter alone, more than one million pounds of beef was produced through the Canadian Beef Sustainability Acceleration (CBSA) pilot, with huge demand for more.
Cargill announced this week its third quarter results from the pilot project initiated in fall of 2017. At just over 1 million pounds of beef from certified sustainable sources, the pilot’s volume nearly doubled from its first to its third quarter.
RealAgriculture field editor Jessika Guse spoke with Emily Murray, general manager of McDonald’s beef within Cargill, at the Canadian Beef Industry Conference at London, Ont., about the pilot program. Murray says their beef customers are asking what more they can do and how much more beef they can access.
Producers are interested, too, as incentives in the form of production credits have been between $10 and just over $20 per head of cattle through the first three quarters of the pilot.
- McDonald’s Canada to start serving beef from ‘certified sustainable’ farms and ranches
- Cargill, McDonald’s & Swiss Chalet to pay producers for beef program participation
Guse asks Murray how the process to become involved works, what consumers may anticipate seeing at a retail level in terms of claims or logos, and how ranchers can ensure their ranch meets the criteria set out by the sustainability program.


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Chevrolet said it will unveil its 2013 Spark mini car this Wednesday at the Los Angeles International Auto Show. The Spark is already on sale in Europe, Asia, Australia, Mexico and South America, but the General Motors Co. division said it updated the four-passenger, five-door hatchback for the U.S. and Canadian markets.
The car is part of General Motors’ strategy to establish a beachhead across the small-car segments. The Spark is the third prong of Chevrolet’s assault, which the car maker began last year with the compact Cruze, a sedan aimed at taking customers away from the Honda Civic and Toyota Corolla. Recently Chevy released the subcompact Sonic, which goes after the Honda Fit, Nissan Versa, Ford Fiesta and others.
The spark opens a new segment for Chevrolet and for the U.S. consumer. For years the only minicars on the market were the Smart Fortwo and, depending on how you measure it, the BMW Mini Cooper. Now the list of competitors includes the Fiat 500 and Scion iQ, and is expected to keep growing.
In the United States and Canada, the Spark will have a 1.2-liter four-cylinder engine with variable valve timing that generates about 85 horsepower. The standard transmission is a five-speed manual gearbox. A four-speed automatic will also be available.
More than what’s under the hood, Chevy hopes to impress buyers with what’s available inside the Spark, like the MyLink infotainment system, which is standard equipment on Spark 1LT and 2LT models. The system includes a seven-inch color touch screen. MyLink allows drivers to being their music libraries into the car, gain access to Pandora and Stitcher internet radio and navigation and , when the car is stopped, project video and photo albums onto the screen.
The range of Spark exterior colors is also meant to woo younger buyers. It includes hues such as Salsa, Jalapeno, Denim, Lemonade and Techno Pink.


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Innovobot Welcomes Jim Perrone as an Operating Partner
Newest partner brings years of expertise in the clean technology sector to the firm
Montreal, December 5, 2018 — Innovobot has announced that Jim Perrone has joined the firm as one its operating partners.
Perrone is an environmental engineer and an executive with extensive experience in consulting, management, and financial and strategic analysis.
“Jim has spent many of his consulting years focused on clean technology and water resources,” says Innovobot CEO Mario Venditti. “This is a great asset for Innovobot as cleantech is a priority area for the firm.”
Perrone’s corporate development background has mainly been concentrated on business expansion, including P&L oversight, organic growth, new service area development, new geographic markets, and acquisition.
Perrone holds an engineering degree and an MSc from McGill University and has passed the Chartered Financial Analyst (CFA) Level III exam.
Innovobot is an active equity and advisory services firm that helps companies with disruptive technologies, or that operate in industries being disrupted by technology, with capitalization and operational support in sales and marketing, product and service development, IP strategy, operations and supply chain optimization. innovobot.com


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Each of these companies started with promise, but in turn, faced obstacles that proved too difficult to overcome.
It’s not easy for any companies right now
Even for established brands like
Tesla, the world of electric automobiles has proved to be challenging. The EV giant has reportedly neared bankruptcy twice in its tenure but pulled itself out to reap successful sales on the ultra-popular Model 3.
In the case of Electric Last Mile Solutions (ELMS), the announcement to file for Chapter 7 bankruptcy came following a difficult several months after the former CEO’s departure in February.
The rise and fall of ELMS
In a statement released on PR Newswire, officials at ELMS went into more detail on what led to the bankruptcy filing.
The company, which is headquartered in Troy, Michigan, was first founded in 2020. ELMS went public in June 2021 through a $1.4 billion merger with blank-check firm Forum Merger III Corp.
In Mishawaka, Indiana, ELMS has a production facility where it makes its Urban Delivery electric vans, which are the first of their kind for the U.S. market. These light-duty electric vehicles are intended to be used by commercial fleets.
Things took a turn for the worse, however, when President and CEO James Taylor and Chairman Jason Luo resigned in February. An internal investigation found they had purchased company equipment at deeply discounted rates prior to the merger.
A subsequent investigation by the Securities and Exchange Commission (SEC) in March only made matters worse. ELMS’ shares plummetted to below $1, and the company laid off almost 25% of its workforce
In May, the company was at risk of being delisted over delayed report filings.
Startups are being held accountable for taking shortcuts
Choosing to merge with a special purpose acquisition company in lieu of the more rigorous route required to establish a traditional IPO has been a common practice among EV startups, but it doesn’t always pay off.
Faraday Future, which first unveiled its EV concept in 2017, faced scrutiny when unable to deliver an actual vehicle five years later.
Lordstown Motors, another electric truck company, went public in October of 2020 through a $1.6 million SPAC merger with DiamondPeak Holding.
Repots of falsified preorders, like the $735 million in sales of 14,000 trucks to a company without a vehicle fleet at all, has led to similar investigations. EV makers Lucid Motors, Nikola, and Canoo have also faced SEC investigations, executive resignations, and Nasdaq de-listings.
In light of these ongoing revelations, the SEC has proposed stricter rules to maintain better oversight.
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- NAACP: Detroit water shutoffs are racially motivated
- Obama family set to buy $4.25M desert home in California: report
- Big milestone for Britain’s little Prince George who turns 1
- Murphy: Israel must be wary of Hamas using civilian deaths for recruitment
- Royce: Putin recruiting ‘every skinhead and malcontent around Russia’
- Nancy Pelosi is adamant: Congress worked together when Bush was president
- ‘Slender Man’ stabbing victim receives Purple Heart from anonymous veteran
- Kentucky city called socialist for buying gas station, undercutting competitor fuel prices
- Israel hits five mosques, sports complex in overnight Gaza strikes
- Hillary Clinton dogged for refusing reporters’ questions on book tour
Hulu Plus ends year with 1.5 million subscribers
Question of the Day
LOS ANGELES (AP) - Hulu Plus, the online video subscription service owned by major broadcast networks ABC, Fox and NBC, reached a new milestone at the end of the year with 1.5 million paying subscribers a little more than a year after its formal launch.
Its CEO, Jason Kilar, also brought in the new year with a comment Hulu's broadcast TV owners might not want to hear: that he believes online viewing will ultimately surpass TV as the main way people watch their shows.
"We have conviction that digital ultimately becomes the primary way that consumers across the globe choose to access content," he said in a blog post Thursday.
Hulu Plus lets subscribers stream a range of current shows that have already run on TV such as "Community," "Grimm" and "The Colbert Report" plus a large catalog of full seasons of back episodes of many other shows for $8 a month. It has begun spending more money on original programming as well, including a documentary series from filmmaker Morgan Spurlock that debuted in August called "A Day in the Life."
Kilar said in the blog post that Hulu Plus plans to spend about a half-billion dollars on content in 2012.
The episodes on Hulu Plus and its free counterpart, Hulu.com, come with advertising, but less than on regular TV. Hulu Plus can be viewed on smartphones, tablets, computers and game consoles as well as Internet-connected TVs. Hulu.com can be viewed only using a computer.
Last February, Kilar ruffled feathers at the networks in a similar blog post in which he declared that "traditional TV has too many ads" _ an attack on broadcast networks' lifeblood. Advertising brings in many billions of dollars every year.
He argued that Hulu's video ads are twice as effective as those on TV, partly because users can say whether the ad was relevant to them and can choose to watch a different ad. He has argued that has helped viewers, advertisers and content owners alike.
Hulu's revenue grew 60 percent last year to $420 million, Kilar said in the post.
He also said that because of the dual revenue streams from subscriptions and ads, Hulu will eventually be able to pay more per subscriber in licensing fees than other "similarly priced online subscription services," suggesting it will be able to buy more, better content.
The reference was a veiled dig at Netflix Inc., which doesn't run ads. With more than 20 million subscribers, Netflix also charges $8 a month for its online streaming plan. A Netflix spokesman declined to comment.
Spokespeople for The Walt Disney Co.'s ABC and News Corp.'s Fox did not immediately comment. Comcast Corp.'s NBC owns a minority stake but gave up the right to influence how Hulu is run when it took over NBCUniversal last January.
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Pret has decided to make this policy official by giving out 120,000 free coffees in special ‘make someone smile’ sleeves.
The brand has also ratcheted up the spirit of good will by allowing coffee winners to, in turn, pass on their special coffee sleeve to an unsuspecting member of the public who will themselves be entitled to a free coffee.
It’s a masterful strategic move that should ensure Pret’s 2015 buzz continues into 2016.
In a sector where loyalty is increasingly important yet many have been confused by the influx of technology (consolidated loyalty apps, QR codes etc.), Pret seems to understand that loyalty is about creating enjoyable and interesting interactions with the customer, not merely collecting tokens.
A couple of tweets that adequately describe the cultural success of Pret’s free coffee scheme to date.
Has @Pret stopped giving free coffee or have i got ugly?
— Lizzy Collier (@lizzycollier) January 16, 2016
Got a free Pret coffee today. Have finally made it.
— Chemmie Squier (@chemsquier) January 11, 2016
Pret’s new Make Someone Smile free-coffee sleeves.
Pret’s social success
Pret has had a lot of successful brand exposure through social media.
In December we covered its annual Christmas sandwich promotion (here are five reasons we liked it), which cleverly mixed strong and simple promoted social posts, with teaser giveaways and a countdown.
Already this year, a post from Pret CEO Clive Schlee, detailing five insights from 15 years of Pret in America, has shown how the all-conquering sandwich shop is continuing to forge an open and friendly tone online as well as in store.
Pret has had some criticism in the past for some of the protocol behind its famously warm customer service (some calling it ’emotional labour’, others ‘smiley culture’) and the lack of a living wage (the business claims to be ‘close’ to the living wage once benefits are taken into account e.g. food).
However, with Pret’s consumate understanding of what its customers want, I can’t see its success stalling any time yet.


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Proposals for a new chocolate museum in Dublin have been granted, offering sweet-toothed enthusiasts another attraction to enjoy in the Irish capital.
Rycon Ltd`s Chocolate Museum in the old Apothecary`s Building in Merrion Square will join Butler`s Chocolate Experience at its factory in Coolock in offering a fantastic range of sweet treats for the vast amounts of tourists and visitors that make their way to the Irish capital every year.
Geared specifically towards families and chocolate-loving children, the new museum is scheduled to open next year and will include a ‘history of chocolate from the Atzecs until the modern day` according to Michael Ryan of Rycon, the man behind the new venture.
Yet another fantastic addition to the activity landscape in Dublin, it could be a fantastic day out for any of those planning a break in one of the fine hotels in Dublin
over the coming months.
Published on 28/8/2012.Latest Destination News


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The World Trade Organization, or WTO, this week, will address a trade complaint brought by the U.S. against India in March 2012, challenging restrictions imposed by the latter on U.S. exports of poultry and related products citing concerns about bird flu.
The U.S. says that India’s restrictions on U.S. poultry products following outbreaks of mild avian influenza is unscientific and therefore constitutes an illegal ban on foreign trade. Earlier, India sought to have the U.S. complaint dismissed on technical grounds, but the WTO turned down India’s argument, leaving the original U.S. complaint intact.
Senior officials from India’s commerce department and animal husbandry department, along with a team of lawyers, will present their case in front of the WTO Dispute Settlement Panel, arguing that restrictions on poultry from regions affected by even mild strains of avian flu were crucial to prevent the disease's spread in India, the Hindu Business Line reported.
The final verdict of the WTO, expected later this year, would determine whether India can continue restricting import of cheap poultry products from the U.S. that are said to hurt India’s domestic producers.
Currently there is no restriction on import of chicken or poultry products from the U.S., but India could reinstate the ban as soon as an avian flu outbreak is detected in any U.S. poultry farm.
As a result of the ban, the supply of U.S. poultry has become unpredictable, forcing Indian importers to switch to domestic sources at double the price of imported chicken, according to the Hindu Business Line.
In 2001, the U.S. was accused of dumping chicken legs in India, on grounds that chicken legs constituted a by-product of the poultry industry in the U.S., which allowed them to sell it to other countries at significantly low prices, and negatively affecting local poultry producers.
However, the U.S. denied the allegation at the time, but noted that U.S. consumers preferred chicken breasts to legs and therefore, U.S. dark-meat chicken pieces (legs) could be bought for less than a quarter of the price of light-meat pieces (breasts and wings).
The U.S. poultry industry estimates that the potential market in India for U.S. poultry products is more than $300 million annually.
In recent years, India has been the target of criticism from the U.S. business community and lawmakers over protectionist policies of the Indian government, while India is unhappy with the latest proposed increase in fees charged on U.S. business visas.
Disputes between the two countries have become a major stumbling block in reaching an agreement on a global trade deal, aimed at reducing bureaucratic red tape, which is currently being negotiated by all of the WTO’s 159 members.


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Male enhancement timing tablets best buy
Sexual performance declines naturally as men age, doctors say. But a rapid or severe decrease in performance or libido can be a red flag. Most importantly, erectile dysfunction may be an early predictor of heart disease.
Many men seeking medical help for sexual health issues report using dietary supplements. But with little regulation of dosage or ingredients, the health effects of these products are unknown, the researchers said in background notes.
And many of these products contain traces of an ingredient used in drugs like Viagra that can be dangerous to men with certain health problems, the researchers added.
The researchers identified top-selling male sexual-help supplements and analyzed the ingredients, including those in products marketed to enhance erections, desire and sexual performance.
“While certain natural supplements we reviewed show promise for improving mild sexual dysfunction, they lack robust human evidence,” study senior author Dr. Ryan Terlecki, an associate professor of urology at Wake Forest Baptist Medical Center in Winston, Salem, N.C., said in a center news release.


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Wifredo Fernandez's The LAB Miami is helping recreate Miami's Wynwood neighborhood as a hub of creative companies. Street artists are hired to add color to the blocks of renovated old warehouses. Laura Baverman
Spend some time in Miami, and you'll quickly hear about these up-and-coming businesses. They're passionate about creating a vibrant startup scene in the nation's southernmost big city. Here's a bit about the promising businesses they're creating.
The LAB Miami’s Wifredo Fernandez graduated from the University of Pennsylvania, became a Teach for America fellow in Washington D.C. and then came back home to Miami to start a business in 2011. With outside investment, he and three friends are creating the main stomping grounds for Miami entrepreneurs in the up-and-coming Wynwood neighborhood just north of downtown. They host many of the area’s biggest startup events and are quickly becoming the go-to spot for affordable office space and networking. A new 10,000-square-foot space is about to open.
Open English raised $45 million in June and is furiously building a revamped language training program, to release in the first quarter of 2013. The secret sauce of Open English is online courses that students can access at any time and from anywhere, 24/7 access to English teachers for questions and help and personal coaches for each student. The company expects to double its student count next year as the number of broadband subscribers in Latin America continues to grow. CEO Andres Moreno says he'll target new countries next year, including perhaps Russia, Turkey or China.
We’ve all heard of the Latin-inspired dance workout called Zumba. In fact, Zumba Fitness is one of South Florida’s fastest growing young companies. This week, Inc. Magazine named Zumba its Company of the Year for innovations beyond its core fitness workout (now at 70,000 locations around the world). Zumba has a thriving apparel business, DVD and video game offerings and is quickly becoming a music producer with its exclusive tracks. Check out Inc.com for a solid video series with the three founders, each with the name Alberto.
Laura Baverman is a business journalist newly relocated to Raleigh, North Carolina. Before her move, Laura spent nearly four years tracking Cincinnati's growing technology and startup scene for the Cincinnati Enquirer.
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Fitch Ratings raised its outlook on Meritor Inc.
Fitch affirmed the company's B rating, which is five levels below investment-grade territory. It said demand in Meritor's core segments will be supported by global economic growth, although weakness in Europe should negatively affect near-term demand in that region. Fitch added it expects the company to produce positive free cash flow this fiscal year, as margins grow on improved pricing and manufacturing efficiencies.
The producer of parts for commercial vehicles has shown improved sales in recent quarters with the help of a rebound in North American and European auto demand and a restructuring effort that tied its future to the commercial truck industry. The company changed its name from ArvinMeritor last year after selling its body systems segment.
The company in November lowered its forecast for production of Class 8 and medium-duty trucks in North America and also cut projections for Europe and South America, citing expectations of a softening European market and a slowdown in the Brazilian economy.
Last week, the company reported a wider fiscal first-quarter loss amid higher restructuring expenses, though commercial truck sales increased.
Shares were up 4% at $7.79. The stock is down 11% over the past three months.


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Regulatory changes, particularly those in Europe, are making it an interesting time for companies to be in the forex and money exchange businesses. “They’re dealing with the need to comply with things like GDPR,” Global Data Consortium (GDC) Co-founder Charles Gaddy told PYMNTS in an interview, adding they can’t take information out of a certain location and only use it for particular purposes. But these firms may need data – such as information covered by GDPR – in order to verify someone’s identity.
FinTech organizations like GDC, however, seek to provide a distributed network that allows these checks to be completed in near real-time – and the data stays local, so companies don’t have to deal with GDPR issues. Their efforts come as many online sites and services offer the ability to move money across borders. When one starts to make money move in such ways, however, Gaddy said it’s important to be on top of regulatory requirements.
The fourth money laundering directive that came out of the European Union, for instance, requires the verification of individuals on either side of a transaction. (In other words, “is that person who they say there are?”) With the directive, customer due diligence became more stringent, and the threshold of having to do it was no longer $10,000: In certain cases, Gaddy said, it was lower than that. And, with these different drivers, organizations that maybe didn’t have to worry about these kinds of checks were more obligated to do them.
For a case study on the snowball of additional regulations that came out of the directive, Gaddy turns to the Cypriots’ directives around how enhanced customer due diligence is to be done, as “it’s a real-world scenario.” While that particular directive is specific to Cyprus – as opposed to all of Europe – Gaddy said the directive has a “broad impact.” Many forex companies are based in Cyprus, Gaddy said, just as a lot of gaming firms are based in Malta, and countries like Australia and Canada.
According to Gaddy, those are variations on the theme that one needs to know who either party in a transaction is, and what they are doing. All of these regulations are heading in the direction of what’s coming up soon, starting in Europe with the fifth money laundering directive, according to Gaddy. In that case, universal beneficial ownership (UBO) and mutual beneficial ownership (MBO) come into play. According to Gaddy, “that is that next level above what has to happen with enhanced customer due diligence.”
While these kinds of checks are mostly done manually now, that might not be the case in the future. As FinTech platforms like the Global Data Consortium evolve, Gaddy said those requests are going to be more and more part of an application programming interface (API) call. That is, FinTech firms will go beyond know your customer (KYC) and enhanced customer due diligence elements of transactions with their systems, as users will see if a particular person is involved in the business as well.


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Restaurants may not be incorporating technology into their operations in overwhelming numbers - yet - but that doesn't mean consumers aren't interested in the latest tech amenities when dining out.
A majority of consumers expect to use technology to order food at restaurants more often in the coming year, and very few (just 3 percent) expect to use it less than they currently do, signaling opportunity for operators who haven't already integrated the latest technologies into their business.
Trending in the early stages of foodservice tech usage, consumers express the most interest in tableside touchscreen devices that enable them to self-order and pay, iPad/tablet menus and digital rewards tied to loyalty programs.
"Technology can be used as a point of differentiation within the restaurant industry…especially with Millennials," says Technomic Executive Vice President Darren Tristano. "Operators who stay ahead of the curve, in an increasingly competitive market, will need to evaluate the best use for the latest tech trends and decide how to integrate them into their operations in a way that's efficient and beneficial to consumers. It should complement and enhance the restaurant experience for all age groups, which may mean having a printed menu available, as well as an iPad/tablet."
Consumers are not only curious about, but also receptive to trying an array of new technologies at their favorite restaurants, according to findings from a recent Technomic survey. Noteworthy discoveries include:
To help operators, suppliers and others aligned with the foodservice industry better understand restaurant technology trends, Technomic has developed the Market Intelligence Report: Consumer-Facing Technology. The report examines consumer behavior, attitudes and preferences toward technology at restaurants, with data based on survey results from 500 U.S. adults. It includes industry and trend data from Technomic's Digital Resource Library and Technomic's detailed food industry tracking reports, as well as secondary research from Technomic's Knowledge Center.
To purchase or learn more about this report please visit Technomic.com or contact one of the individuals listed below.
Press Inquiries: Darren Tristano, 312-506-3850, or email@example.com
Report Inquiries: Mary Chapman, 312-506-3871, or firstname.lastname@example.org
Purchasing Details: Patrick Noone, 312-506-3852, or email@example.com


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The e-sports industry is fast-growing, with global revenues expected to reach RMB 12.51 billion yuan (USD $1.8 billion) in 2022. For nutrition brands, this emerging market will bring a new and rapidly growing group of consumers. According to the data, 77% of consumers believe brands that cooperate with esports games are younger and more energetic, and 67% of consumers would like to pay more for products co-branded with esports games.
Esports players need products with features that replenish energy, improve mental focus, and support joint health, which usually leads them to sports nutrition products instead. Therefore, many well-researched health ingredients can support the positioning of nutritional products for both sports and esports, allowing brands to engage esports audiences with targeted messaging. (Source: ixinyingyang)
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