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The Dow has spent most of August swinging violently -- and this week isn't likely to be an exception. Click the chart for more market data.
NEW YORK (CNNMoney) -- Brace for more turbulence.
This week could be just as bumpy as last week's wild ride, as Wall Street continues to deal with the fallout of S&P's downgrade, the problems in Europe and the fate of the U.S. economy.
"Investors are grappling with two primary questions: Will the U.S. slip into another recession, and will the euro survive?," said Hans Olsen, head of Americas investment strategy for Barclays Wealth, a division of Barclays Capital.
On the issue of the euro, the main event will be German Chancellor Angela Merkel's meeting with French President Nicolas Sarkozy in Paris on Tuesday.
The stakes have never been higher for the eurozone and the leaders of the euro's two largest economies. Speculation is building about whether Italy and Spain have unsustainable debt levels -- and whether European officials have the political power necessary to save the 12-year old currency, possibly through some some sort of "pan-European" bond fund.
To further complicate things, there are growing concerns France may lose its own "AAA" credit rating following Standard & Poor's downgrade of the United States last week. It was in part these fears that caused the Dow to plunge 520 points on Wednesday
"The short-term danger to the markets is a credit crisis in Europe," said Bruce McCain, chief investment strategist with Key Private Bank.
Here in the U.S., investors will get another wave of economic data and several closely watched earnings results, mostly out of the retail and technology sectors. Investors say the bigger economic reports to be on the lookout for this week are Wednesday's industrial production figures as well as July's inflation data.
Expect stocks to remain volatile. While the three major stock indexes ended the week down an average of 1.5%, investors were rocked by four straight days of nauseating market moves. The VIX ( ) -- Wall Street's so-called "fear index" -- hit a level last week not seen since early 2009.
The market's massive volatility may have, in itself, caused long-term damage to consumer confidence.
"I suspect that investors are suffering headline fatigue and are voting with their feet," Olsen said.
Monday -- Investors will get the Empire Statement manufacturing index at 8:30 a.m. ET. The manufacturing survey fell into negative territory in July, which means manufacturing activity contracted during the period. Investors will be looking to see if that trend continues for a second month.
Economists surveyed by Briefing.com expect the Empire State index to stay negative, coming in at a reading of -0.4.
Retailers will be reporting their results throughout the week. On Monday, Urban Outfitters (Fortune 500) will report their results. Analysts expect that Lowe's earned 66 cents a share and Urban Outfitters earned 32 cents a share.) and home improvement chain Lowe's ( ,
Tuesday -- The Federal Reserve's July industrial production figures will be released at 9:15 a.m. ET. Economists forecast that industrial production picked up by 0.4% last month, a slight increase from the 0.2% increase in June.
Other economic reports out on Tuesday include July housing starts and building permits, as well as import/export prices and capacity utilization figures.
Wal-Mart, the world's largest retailer, is expected to report a profit of $1.08 a share when it reports before the opening bell. Home Depot is expected to earn 83 cents a share.
Dell, which reports after the bell, should post a profit of 49 cents a share, according to analysts surveyed by Thomson Reuters.
Wednesday -- Before the bell, Wall Street will get earnings results from farm equipment maker Deere (Fortune 500), which is expected to earn $1.67 per share, as well as discount retail chain Target ( , Fortune 500), expected to earn 97 cents a share.,
The Labor Department will release its July producer price index, also known as wholesale inflation, at 8:30 a.m. ET. Economists expect July PPI was flat, after being down 0.4% in June.
Thursday -- Investors will get weekly jobless claims and the July consumer price index from the Labor Department at 8:30 a.m. ET. Weekly jobless claims are expected to by 5,000 claims to 400,000. Inflation is expected to remain tame, rising 0.2% after falling 0.2% in June.
Dow component Hewlett Packard (Fortune 500) reports its quarterly results after the closing bell on Thursday. Analysts are looking for the tech giant to post a profit of $1.09 per share.,
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|30 yr fixed||3.85%||3.87%|
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Today's featured rates:


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Mobile and the Store of the Future
The future of retail is in the palm of your hands. Pew Research Center reports 91 percent of American adults use a cell phone—not just for calling and texting. More and more shoppers are using them to locate, research, compare, and purchase products. And cutting-edge retailers are utilizing their customers’ devotion to devices with QR codes, to connect with coupons, and offer a higher level of customer care. Now it’s a matter of moving with the mobile momentum.

domain: news


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Carphone Warehouse appears to be without a Web design consultancy this week, following the resignation of Clarity Communications, which designed its e-commerce website.
Clarity chairman Martin Chilcott has written to Carphone Warehouse managing director Charles Dunstone to withdraw Clarity’s services, due to a conflict of interests with other clients.
In a written statement Chilcott says the resignation is a result of “a review of management resources… significant new business wins… growth in existing strategic client accounts such as BT and Abbey National, some of which could cause a conflict of interest for the consultancy”.
A Carphone Warehouse spokeswoman was unable to comment as Design Week went to press.
The news comes in the same week that Carphone Warehouse launches its interactive TV facility designed by Deepend, on the digital satellite service Open.


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It seems like we can’t get through a single week without TESLA NEWS, and this week’s TESLA NEWS is that the Model 3 has officially been declared the fastest charging electric car in the world.
Naturally with conditions, of course. A firmware update – rolling out this weekend – for European Model 3s with the Long Range battery option will allow them to charge at 200kW when using specific ‘ultrafast’ chargers.
Simply speaking, 200kW equates to 850 miles for each hour of charging. Given the Long Range version quotes at 329 miles on a full battery, your stops at service stations might be about to get a whole lot snappier.
Tesla has told us that this is only the beginning of such convenience. “When our own V3 Supercharger technology is introduced, these cars will be able to charge even faster at 250kW peak charge rates.”


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Kimco Realty Declares Common Stock Cash Dividend for Fourth Quarter 2020
Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that its Board of Directors declared a quarterly cash dividend of $0.16 per common share, payable on December 23, 2020 to shareholders of record on December 9, 2020.
Through the third quarter of 2020, Kimco had paid cash dividends totaling $0.66 per share on its common shares in 2020. This dividend payment, together with dividends previously paid by the company, shall meet Kimco’s taxable income distribution requirements for 2020, as currently projected. The company expects to establish a more normalized and well-covered dividend level based on our adjusted funds from operations and REIT taxable income in 2021.
Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets. As of September 30, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 60 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the company’s blog (blog.kimcorealty.com) and social media channels, including Facebook (www.facebook.com/KimcoRealty), Twitter (www.twitter.com/kimcorealty), YouTube (www.youtube.com/kimcorealty) and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.


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Flip through the latest issue of Gulf Weekly.
All four Formula 1 races in the Americas have been cancelled for the 2020 season, due to travel restrictions and the current state of the Covid-19 pandemic on the continents.
Jeep enthusiasts can rejoice. Their wish has finally come true, a new Wrangler boasting more power and torque to help conquer any terrain with ease, writes Mai Al-Khatib-Camille.
© 2019 Al Hilal Publishing & Marketing Group


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Home STARTUP STORIES
Disruptive Australian FinTech, Credi is seeking to raise $2 million by working through Wholesale Investor in order to target its network of sophisticated Australian investors.
The barriers to entry for young companies in Silicon Valley are skyrocketing because of soaring costs, and longtime locals fed up with Valley are departing for greener, fresher pastures. Indeed, Peter Thiel, who co-founded PayPal with Tesla and SpaceX chief Elon Musk, left Silicon Valley after becoming dissatisfied with the culture in the Valley, among other reasons.
It was within her first week working at a real estate agency, that software developer Veronica Gravolin first came up with the...
The company was set-up to develop and commercialise the research outputs of a long-running programme originating from the University of Melbourne working in collaboration with CSL.
Martin and Sarah Warner’s business, Home Instead Senior Care, which they began in 2004, now has 25 offices all over Australia with over 1,600 employees
Next Address Founder and CEO Julie O’Donohue’s own experience as an ex-real estate agent led her to create a platform that is transparent, offers a more affordable way of buying and selling property, saves people time and puts the customer in complete control.
Hospitality training and learning experience platform, Typsy has announced it has hit a sleuth of new milestones, including expansion into international markets, strategic C-level appointments, and strong growth figures.
Dimmi founder Stevan Premutico last week revealed that he is back in start-up land, ready to have another crack at disrupting the...
The Workability Index (TWI) is set to revolutionise the way that organisations assess, report and communicate workplace culture.
Some of the problem areas to be addressed include disability access and support, employment, entrepreneurship, health, housing, language, legal and migration advice, working qualifications, tracing family, and translation services.
The deal will significantly accelerate the companies’ growth trajectory. With over one million users visiting Oneflare monthly, consumers across Australia will be offered the convenience of instant booking and payments, and exceptional service standards delivered through UrbanYou.
A new cloud-based technology called Abacus, developed in Australia by workspace marketplace Office Hub, combines elements of AI and automation to allow tenants to bid and negotiate rental agreements with workspace operators.
On a mission to democratise banking and build the autonomous future of money management, Douugh is a consumer technology company that offers an AI powered financial wellness banking platform, delivered through a SaaS subscription model.
Founded by qualified accountants, Selda Kaplan and Michael Kambouridis, Rideshare Tax has now officially launched to the Australian rideshare community and it already has the support of rideshare giant, Uber.
Fintech is one of the hottest niches in tech right here in Australia, with more and more start-ups popping up here and there. Now Australian...
In short, it's the perfect alternative to email for sending messages and files, both for business and to friends allowing users to securely delete sent messages (along with pictures, documents and videos) from both a sender’s and recipient’s devices.
Following the introduction of the free trade agreement between Australia and South Korea (KAFTA) in 2014, trade between the two countries has boomed. Korea is Australia’s fourth largest trading partner, making the Korea-Australia corridor ripe for business-savvy Aussies.
Co-founder of Australian venture capital firm CapitalPitch, Jeremy Liddle, has left his company and signed a memorandum of understanding with...
Walkthrough proptech app RealAR helps property owners visualize real estate interiors before they’re built
RealAR is a user friendly and accessible way to improve knowledge and understanding of proposals during the entire development assessment process of a space
KPMG Australia recently announced the launch of mLabs, a market-first corporate fintech accelerator connecting forward-thinking mutual Authorised Deposit-taking Institutions (ADIs) with some of Australia’s most exciting fintech startups.


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ZAMBIA – Zambia is next month expected to have a first-ever mayonnaise-producing factory following the K5 million investment by Uberty Food Industries of Turkey.
The factory to be commissioned in Lusaka is expected to meet the growing demand for salad creamers on the market currently being met by imported products.
Zambian-Turkish Business Association president Izzet Ugur said commissioning of the factory will contribute to the development of the food processing industry in the country.
“The project has advanced and is expected to be commissioned in a month’s time.
The mayonnaise on the market is all imported, so Uberty Food Industries wants to produce the product right here in the country,” he said in an interview recently.
He said about 30 jobs will be created for local people at the initial stage.
Mr Ugur also said the company intends to produce ketchup once the food processing company is fully established.
“The food processing industry remains underexploited in the country and there is need for investors to exploit the sub-sector.
“As Turkish investors, we are committed to help market the potential that Zambia has in the food processing industry as well as other economic sectors to help create jobs,” he said.
May 1, 2017: Zambia Daily Mail


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Recently purchased a new car?
With RACV Insurance, you're protected by Victoria's most trusted insurance.
As the sun sets on 2021, we take a look back at your favourite five cars from a year swathed in innovation, ingenuity, and interference.
COVID-19 hammered the global automotive industry in 2021 with supply chains in disarray at seemingly every point.
Not enough semiconductors, shipping delays and staff shortages has had a devastating impact on vehicle production and delivery. Despite that, the Federal Chamber of Automotive Industries still projects more than a million sales in Australia this year.
Despite the uncertainty of when buyers will be able to collect their new rides, it hasn’t stopped anyone from enjoying a bit of window shopping.
We’ve rounded-up the top five models that piqued your interest in 2021.


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WEST COVINA, Calif. — Jollibee has set its sights on adding 28 locations to its North-American network in 2021 — 19 in the U.S. and nine in Canada.
While 2020 was previously the brand’s most aggressive year yet, with 12 new locations successfully opened across North America during the pandemic and five additional locations set to open in December — including a location on Yonge Street in downtown Toronto, this 2021 expansion would mark the largest-ever addition to Jollibee’s North-American network.
“We have remained nimble and optimistic, which has led Jollibee to defy expectations amidst an extremely difficult year and experience double-digit sales growth across North America,” says Maribeth Dela Cruz, president of Jollibee Group North America, Philippine Brands. “Make no mistake though, we would not be weathering these hard times without the support of our customers. They’ve showed up for us and now we want to show up for them. This month we will be opening long-awaited stores across Texas, California and Ontario, Canada. We’re incredibly grateful for the continued support we’ve received from across these regions and are thrilled to deliver a small spark of joy as we enter the holiday season.”


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GfK’s “panelmarket” identifies SUV tyres and all-season tyres as top two growing sub-segments in 2019 SUVs and 4×4 tyre sales: 10% up in demand All-season tyre sales: 19% up in value and 13% up in volume (now selling four times as much as winter tyres sold at their peak) High performance tyres and bigger […]
About Angie Voluti
This author has yet to write their bio.Meanwhile lets just say that we are proud Angie Voluti contributed a whooping 37 entries.
Entries by Angie Voluti
World’s leading Jaguar E-Type specialist marks 35th birthday Epitome of the company’s ethos, the Eagle E-Type is 25 years First Eagle Special Edition, the Eagle Speedster, is now 10 years old Celebrations took place with Eagle E-Types’ owners at Goodwood Sussex, 9 July – The top Jaguar E-Type specialist Eagle celebrates three important milestones […]
Bengala Privilege Program from the Spanish design house Bengala First offering: the F12 Caballería, of which only ten made worldwide 100% carbon fibre October 2016, Madrid, Spain – European design house Bengala Automotive introduces its brand new Privilege Program with the launch of the F12 Caballería, a bespoke carbon fibre creation based on the […]
The tyre major is now a ‘Global Tyre Partner’ for Man Utd After a successful completion of 3-years of regional association with Manchester United Football Club, which helped Apollo Tyres increase its brand visibility across geographies, the two organisations today announced a global sponsorship agreement for the next 3 years. Apollo Tyres would now be […]
Bethesda, MD, 9 June 2016 – Vitesse AuDessus (www.vitesseaudessus.com), purveyors of bespoke carbon fibre products for the world’s most exciting and exclusive automobiles, has just announced the launch of an extensive carbon fibre package for the Lamborghini Aventador LP 750-4 Superveloce Coupé and Roadster. The offering is comprehensive and includes every external body panel for […]
Interactive guide shows value trends of cars identified by chassis number The essential tool for the smart investor and classic car enthusiast goes live today A De Tomaso Mangusta sold in 2010 has grown in value by 500% Humble Fiat 850 Spider’s price has tripled in six years Classic Trader has just added a […]
GTO Engineering in Racecar, February 2016
For immediate release The International Guild of Specialist Engineers continues to expand in 2016 The Guild gains a new Commercial Partners and a new Member Participation at major UK industry events, promoting Guild Members and apprenticeships TIGOSE (The International Guild of Specialist Engineers) starts the year with a new Commercial Partner and a […]
Hils Everitt talks to TDI-Tuning about their tuning boxes, and how they suit 4×4 vehicles.
FOR IMMEDIATE RELEASE Tuning Japanese: TDI-Tuning first to tune Mazda 2 TDI-Tuning, the European engine-tuning experts, at the forefront again by bringing a tuning box solution to Japan for the new Mazda 2 British TDI-Tuning applies its engineering know-how and ability to Japan, by being the first to offer tuning options on […]


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The pressure to be thin is causing more men to develop eating disorders, say experts
There has been a 66 per cent increase in the number of hospital admissions in England for male eating disorders over the past ten years, according to NHS figures.
The Royal College of General Practitioners warn that we need to become more vigilant towards this issue since it is normally seen as a female problem and men tend not to admit they are suffering.
‘Men are much more reluctant to talk about these issues or admit there is a problem,' says a spokesperson for eating disorder charity, Beat. 'There’s a stigma about it – it is seen as a teenage girl’s disease, but eating disorders are serious psychological conditions which can kill.’
Ben Porter, 20, from Kent, has battled anorexia and bulimia since he was 14. ‘I didn’t realise what I was doing to myself and my body at the time,' he says. 'The point was to look good and pursue a perfect image but I was doing the opposite.
‘I felt very inadequate about the way I looked and I wasn’t fitting into school,’ Ben told the BBC.
Beat estimates that there are currently 1.6 million people in the UK suffering from an eating disorder, and one in five of those sufferers is male.
‘Sufferers can become obsessed with their weight or they can obsess over exercise and how many calories they are eating,' says Beat.
‘The pressure these days on guys to have the perfect figure is very similar to that which has and continues to affect women.'
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Toyota Prius: Did Losses Cause Secret To Escape?
When it comes to pure hybrid vehicles, there is only one champion in the segment and that is the Toyota Prius. The latest generation Prius is rated highly for its green powertrain setup but unfortunately, it appears that this is not enough to save it from doom.
The latest generation Prius is severely struggling to attract a lot of buyers despite having the best hybrid powertrain to date. This cannot be helped as the Prius’ design is commonly perceived as ugly and it is scaring off the consumers.
With the Prius being unable to capture large volume sales like its predecessors, Toyota will have to resort into executing plan B. The Japanese carmaker spoke in an interview recently and they revealed that they will need to balance out their bank balance by selling away the secret to the Prius’ green energy.
In other words, Toyota is prepared to sell off the secret to the Prius’ hybrid powertrain that has been kept safe since the Prius’ introduction in the early 2000s. From it, Toyota can generate income that can help cover the losses incurred by the Prius.


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HTC profits rise but sales set to fall
Taiwan smartphone maker HTC has posted a jump in profits, but says recent sales have been hit as it faces tougher competition from rivals such as Apple's iPhone and Samsung's Galaxy range.
It reported post-tax profits of 61.98bn Taiwan dollars ($2.1bn; £1.33bn) for 2011, up 57% on the previous year.
Annual sales rose 67% to NT$465.8bn, despite a 20% sales fall in December.
However, it expects sales in the first three months of this year to drop by more than a third.
The firm has struggled to keep pace with rival smartphones, and it plans to launch four new models at the Barcelona Mobile World Congress later this month.
It expects sales to fall in the first quarter to fall by as much as 36% to between NT$65bn and NT$70bn, down from NT$101.42bn in the previous three months.
HTC added 1,000 new engineers to its ranks in the last year in a bid to keep its smartphone range competitive.
Peter Chou, chief executive of HTC, said: "While short-term performance may not meet the results as expected, we have gained further experience and advancement in the areas of brand management and product innovation.
"These fundamental strengths and the groundwork we have laid will take us into 2012 with a renewed focus and determination."


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Covid 19: Boris Johnson 'misspoke' over North East restrictions
Prime Minister Boris Johnson has added to confusion over restrictions in north-east England.
Mixing between households in pub gardens and outdoor restaurants spaces will be against advice from midnight.
Speaking at a news briefing Boris Johnson had been asked to clarify the regulations, and responded: "In the North East and other areas where extra measures have been brought in, you should follow the guidance of local authorities but it is six in a home, six in hospitality but, as I understand it, not six outside."
He later sent a tweet saying he had misspoken - and stated the amended guidance: "In the North East, new rules mean you cannot meet people from different households in social settings indoors, including in pubs, restaurants and your home. You should also avoid socialising with other households outside."
Read more: North East households mixing ban 'confusing'


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Murray Goulburn cuts 70 jobs
Murray Goulburn will cut 70 jobs across its Victorian factories.
The cuts will affect employees at the dairy producers Koroit, Cobram, Maffra and Leongatha factories. Voluntary redundancies will be offered for the majority of impacted roles.
General Manager Milk Supply and Field Services at Murray Goulburn, Craig McRae, said the decision was regrettable but necessary.
“These actions have been taken to ensure Murray Goulburn can deliver sustainable and competitive returns,” McRae.
Murray Goulburn stated that over the last 18-months it has managed a lower milk intake through a reduction in contractor workforce, changes to rosters and the use of annual leave and accumulated hours, but further action was required.
Murray Goulburn owns the Devondale and Liddells dairy brands.
- Murray Goulburn sold to Saputo for $1.3 billion
- Murray Goulburn sells Kiewa Country Milk to regional VIC dairy group
- Murray Goulburn takes further drastic measures
A UK study of over 1, 000 pairs of twins has found organisms that influence diet preferences, metabo...
The Australian Competition and Consumer Commission (ACCC) has warned food companies to be careful ab...
The business of Australia’s largest fresh potato supplier, Oakville Produce, has been sold.
A new frozen meal range, targeted as a meal solution for children, is being sold in Australian super...
IBISWorld says its research indicates the backpacker tax will negatively affect a number of Australi...
Part CSIRO owned business, The Healthy Grain Company, has appointed a former Chief Executive Officer...
A new Maggie Beer branded ice cream is now available in Australian supermarkets.
Established supermarkets around the world work from a pretty similar, well-honed playbook.


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Pilkington Automotive’s first manufacturing plant in India launched production in November 2008.
The laminated windscreen facility, built at Vizag, in the state of Andhra Pradesh in the south-east of the country, is the first phase of a three-stage investment programme which will also include an OE facility and a float plant.
Vizag is a centre of the steel and shipyard industries and is served by one of the largest ports in India. It is currently a boom area for industrial investment within the state, with good road links to Chennai and Kolkata and an international airport planned for the future. The new plant will serve the AGR market with a capacity of 480,000 parts per year, initially for export only. However, the company is licensed to sell up to 50 per cent of its production into the domestic market in the future. The company has recently started its sales in Indian Automotive Glass Replacement market.
Pilkington has a sales office in New Delhi, the capital of India. This office caters the sales needs of the group in India, Pakistan, Nepal, Bangladesh and Sri Lanka. Pilkington has a warehouse in Mumbai to handle imports.


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- Shares in Weebit Nano (WBT) are spiking this morning after investors took well to the company’s latest quarterly financial report
- Weebit took some major steps forward over the quarter in developing its resistive random-access-memory (ReRAM) tech
- This included completing the tech stabilisation process for the product, bolstering the Weebit management team, filing for three patents, and more
- The company said its tech is now ready to be transferred to a production fabrication facility, also known as a fab, before the end of the year
- At the end of September, Weebit had just over $9 million in the bank
- Investors seemed to like today’s update, with Weebit shares up 21.4 per cent and worth $1.62 in morning trade
Shares in Weebit Nano (WBT) are spiking this morning after investors took well to the company’s latest quarterly financial report.
The company took some major steps forward in developing its resistive random-access-memory (ReRAM) tech over the quarter.
A busy quarter
Perhaps the most significant achievement is the recently-completed tech stabilisation process for the product, which verifies that the methods used to produce the tech are repeatable and consistent.
Weebit CEO Coby Hanoch said the successful completion of this stabilisation process is the result of four years of extensive research from the company’s research and development team.
Now, the company is on track to transfer the tech to a production fabrication facility, also known as a fab, before the end of the year.
In September, Weebit bolstered its management team by appointing Eran Briman as Vice President of Marketing and Business Development.
According to the company, Eran has extensive knowledge of the semiconductor industry and has previously held major roles in Nasdaq-listed CEVA Inc.
On top of this, Weebit continued working with its French research partner, Leti, to develop its embedded memory module. According to the company, this is the fastest path to commercialisation and as such remains Weebit’s key priority.
Finally, the company filed three new patents to protect its ReRAM tech, including a joint patent with Leti.
What about the money?
Over the September quarter, Weebit spent around $1.2 million on operating activities, mostly coming from staff and corporate costs.
However, with $2.75 million pocketed from a share purchase plan during the quarter, the company had just over $9 million in the bank at the end of September.
This means at current spending levels, the company has enough operating cash to last another seven financial quarters. Weebit is yet to start earning customer receipts.
The next steps
Weebit told shareholders today following the technical progress of its tech development, the company has kicked off discussions with a production partner as it gets ready to transfer ints tech to the partner’s fab.
“Weebit is moving closer to commercialisation within the embedded memory market with significant technical progress made over the quarter and ongoing discussions with potential partners and customers,” Coby said.
“In parallel, we are progressing our development within the standalone market, where our ReRAM technology can address ongoing demand for increased and more efficient memory storage,” he said.
He admitted that COVID-induced travel restrictions have the potential to disrupt product testing and commercial discussions with global partners, but the company is doing what it can to mitigate any delays in development.
Shareholders liked the quarterly updated and Weebit shares surged 21.4 per cent higher this morning. At 11:17 am AEDT, shares in the company are worth $1.62 each.


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Opportunities abound for heart health focussed food products but so does skepticism
Despite numerous warnings about the risks that cardiovascular diseases pose, Australians are still not doing enough to improve their heart health, according to Datamonitor Consumer Markets Analyst Mark Whalley. Only a third of people in Australia told Datamonitor that they pay a ‘high’ or ‘very high’ amount of attention to their heart health. Worryingly, more than a quarter (26%) admitted that they only pay a ‘low’ or ‘very low’ amount of attention to what is a critical issue both at home and abroad.
The news presents an opportunity to the food industry but is hampered by the skepticism that abounds within the consumer mindset.
The World Health Organization estimated that 17.5 million people died from cardiovascular diseases in 2005, and, that if something is not done to reverse the trend, that this figure will rise to 20.5 million by 2020.
Part of the problem lies in the fact that many people globally underestimate the threat of heart disease. In a survey published by Harvard Health Publications, half of women correctly stated that cardiovascular diseases are the leading cause of death in women. However, only 13% categorised it as their greatest health risk, instead the majority pointed to breast cancer.
Functional food manufacturers are attempting to rectify this problem by creating products that claim to benefit the heart. This has resulted in a number of interesting products that claim to actively lower cholesterol or even burn calories, Mr Whalley noted.
“However, Australians remain skeptical about the credibility of such products, especially those which tout calorie-burning properties,” he advised.
When surveyed by Datamonitor, 37% considered these claims to be untrustworthy, compared to just 14% who said that they could definitely be trusted. Despite this, there has been an overall increase in interest in products that are heart healthy. Omega 3 has emerged as an ingredient which consumers are familiar with, and foods which claim to be low in saturated fats or low in cholesterol are increasingly popular.
“There are positive signs that products are getting better for our hearts, but they need to do more to convince people that they are worth the money in difficult financial times,” Mr Whalley concluded.
Key players within the Australian dairy industry have agreed to a new voluntary code of conduct.
Coca-Cola Australia today announces the launch of the first energy drink, Coca-Cola Energy. The ...
Consumer advocacy group, CHOICE, has announced tits 2016 Shonky Awards with a small handful of food ...
Domino’s is giving away 20, 000 free pizzas to help launch its new ‘Quality Fresh’ menu.
An abundance of premium, hand-picked and juicy peaches, nectarines, apricots and plums are on the w...
The Australian Food and Grocery Council (AFGC) has welcomed moves by the Federal Government to stre...
Leading industry body Australian Organic Ltd announces that one of Australia’s most popular actors,...
The Retail Food Group has rejected allegations that it is not supporting its franchise partners.


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KOLKATA: A week after Netflix dropped Indian Matchmaking, Mumbai-based matchmaker Sima Taparia had her face splashed on memes and posts on social media. Unlike its reality TV breakout hits Love Is Blind and Too Hot To Handle, Indian Matchmaking does not show a liberal dating culture setup or deep connection of love. Instead, it promotes the Indian arranged marriage trope.
Media, content creators and millennials across the globe have expressed their views and written official reviews about the latest trending show. While some think we can’t hide bitter truths for long, some are of the view that Netflix should not have promoted such a tainted social system. The appearance of colourism and casteism has made it receive a fair amount of backlash.
“While the show normalises patriarchy and racism, the reason why we are hooked (including those of us who are outraged by it), from my observation, is because Indian Matchmaking gives us an opportunity to project our ideals and ‘wokeness’ on the back of the show. Screenshotting problematic statements and uploading it on my Instagram stories is a part of my ‘full watching experience,’” says Dentsu Webchutney creative director Binaifer Dulani.
The trend again establishes a cliched notion that content is the biggest marketing tool for OTT platforms. The appealing shows broaden the appeal of the platform and help to grow a diversified following. And obviously, content travels globally. The show was not an Indian original from Netflix but it has received a great response from the country. As on Thursday morning, it was trending as the number one show in the country. Oddly, its local originals have not been able to create any buzz lately.
“For an OTT player, there are two kinds of products, the tech platform and the content it hosts. And irrespective of the business category, the rules stay the same. No matter how buzzworthy the marketing campaign is, if the product lives up to it, it takes it notches higher. The show almost immediately opened up an undercurrent of conversation and everyone wants to be in on the memes they scroll past. This need for belongingness is a big driver for subscriptions. And a good marketing strategy would only add to it by evolving and capitalising on this wave,” Dulani adds.
“As the OTT market matures, we would begin to see genre-specific specialised platforms emerge, and so a distinct image. However, as of now most OTT platforms are generic entertainment service providers with content driving their imagery. New content campaigns become their marketing drive to recruit new subscribers and segments,” says Brand-nomics managing director Viren Razdan.
The audience has always perceived Netflix as a progressive, socially-aware platform and the platform has always been aware of its take on sensitive issues.
Dulani adds, “Funnily enough, Netflix has managed to create this persona where you feel it thinks like you and is secretly laughing at some of the catchphrases with you (in spite of the ‘Netflix, what is this trash’ comments). Perhaps because Netflix manages to play the role of creator and spectator seamlessly. Through its owned content on social, it’s part of the Indian Matchmaking meme culture, like the rest of the internet.”
“However, I feel that all content creators, advertisers and OTT platforms should further content that shows a world that’s more equal and questions problematic norms rather than glamorising them. I strongly believe that time and money should be invested in the pursuit of that versus clickbait. We carry this responsibility together,” she points out.
Razdan says that in the new scenario, with movie halls going out of the social scene for a while, new releases lining up on OTT platforms are going to create the new blockbuster labels of content viewing.
For now, Indian Matchmaking, though not made in India, has created all sorts of criticism on social media and has only served to spread the name of Netflix. Despite the negative comments, it could work well in getting more subscribers as Netflix targets India with new lower-priced plans.


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United States Department of the Treasury by publication Statement It has once again interpreted the exemption of Iranian users from internet sanctions imposed by the country.
According to the Export Compliance Daily news agency, the fundamental changes in the previous government licenses, known as Iran’s General License D-1, aimed at helping Iranian users to hide from surveillance, freedom of expression and their access to the free flow of information There have been.
Exemption of Iranian users from internet sanctions; Providing users with easy access to social networks
On the first day of Mehr 1401, the Office of Foreign Investment Control (OFAC) made Iran’s General License D-2 available to the public. Iran’s public license number two was an updated version of the internet sanctions imposed on the 18th of Bahman 2012.
With the approval of OFAC’s new licenses, Iranian users’ access to social networks, communication tools, video call software, cloud services, online and web-based maps, computer games, translation and authentication tools, antiviruses, filter breakers, smartphones and their operating systems Satellite phones and digital gadgets were provided. It will also be legal to provide the services of large and effective companies such as Google, Meta and other similar companies to Iranians.
These new changes include the extensive activity of cloud and non-cloud communication service companies and make it easier for users to exchange information on the Internet. According to OFAC’s statement, the US Department of Treasury plans to consider licenses for Iranian developers and activists in the field of producing applications and anti-censorship software for mobile phones and computers.
One of the most important changes in Iran’s public license number two is the removal of the condition “personal use” It is one of the tools and facilities of the Internet. Therefore, Iranian users and companies are able to legally use the mentioned internet exemptions.
- Digital currency exchange fined for violating Iran sanctions
- Sanctioning of the Minister of Communications by the US Treasury Department


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Volume has grown more rapidly, with +17.6 per cent growth compared to last year. This volume increase has been driven by disposable barbecues.
GfK has also seen the garden hand tools market grow in 2016 with six per cent and three per cent volume and value growth respectively year to date to September.
In 2014 and 2015, the market moved away from disposable barbecues, with this category losing share each year. However this year, this category has started to recover with a strong increase compared to last year (31 per cent value, 29 per cent volume). Excluding disposables, charcoal barbecues have grown 3.0 per cent in value this year.
Gas barbecues have declined this year (-1.4 per cent value, -5.5 per cent volume).
The market was saved by a strong May performance, growing 52.6 per cent in value compared to May 2015.
The largest months of the year (May to July) all reported strong growth. January and April, declines.
Meanwhile, digging tools have been the standout sector within the garden hand tools market, growing ahead of the category at nine per cent volume and six per cent value growth. Within digging, forks represent the largest proportion of sales but it is the growth seen in spades which has been important in growing category sales this year, albeit at a lower average price than seen a year ago.
Elsewhere there has been volume growth in secateurs, which is the largest sector of the market, but as with spades, there has been an overall decline in average price resulting in stable value development over the last year.


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Editor’s note: Epic Games’ Unreal Engine 4 is at the very center of Apple Worldwide Developer Conference, demonstrating again its technical prowess that has made the Cary-based company an annual contributor to the prestigious event. Epic provides a VR [virtual reality] inside look at the Star Wars universe plus an AR [augemnted reality] creation for Lord of the Rings’ Peter Jackson – and more. John Gaudiosi reports exclusively for WRAL TechWire.
CARY – Apple used Epic Games’ Unreal Engine 4 technology to highlight its huge expansion into both the virtual reality and augmented reality business.
During its Worldwide Developer Conference in San Jose, Apple featured the one-two punch of Hollywood heavyweights Industrial Light & Magic and Peter Jackson’s Wingnut AR. Both companies demonstrated VR and AR experiences using Unreal Engine 4 technology running on Mac computers for the first time.
John Knoll, chief creative officer of ILM, took the stage inside the packed house with Epic programmer Lauren Ridge backstage wearing an HTC Vive headset in front of a huge green screen room. This allowed the audience to see the 360-degree view Ridge experienced inside the VR head-mounted display. And what a view it was.
A Star Wars visit
Using UnrealEditor in VR mode, Ridge was inside the Star Wars universe on the lava planet Mustafur. Using a Mac, she was able to edit the world using the Vive controller, zipping to different perspectives and manipulating TIE Fighters, an Imperial Shuttle and even Darth Vader like she was a Jedi.
Knoll said his team at ILMxLab can now use Macs to work in real-time as they create immersive experiences inside the Star Wars universe. All of the action shown ran at a fast 90 frames per second and featured photorealistic landscapes that replicate the feeling of being on the actual planet with Darth Vader, light saber pulled out for battle.
“Unreal is used for virtual set scouting, art direction and set design,” Knoll said. “We’re looking forward to using Macs as we create new experiences to allow people to step inside our stories.”
ILMxLab previously announced it was working on a Darth Vader VR experience, and this real-time demo featured the iconic character. All of ILMxLab’s projects, including last year’s Trials on Tatooine and the Magic Leap R2-D2 and C-3PO demos, are made using Unreal Engine 4.
[VIDEO: Watch a trailer at https://www.youtube.com/watch?v=wJWNVRlfINM ]
Alasdair Coull, creative director at Wingnut AR, took the stage to show how Unreal Engine 4 can be used to create new augmented reality gaming experiences using ARKit. That technology is available now to Unreal Engine 4 developers, and Epic Games CEO Tim Sweeney said creators can start working on games immediately.
Peter Jackson in space
Coull used a tabletop and a new iPad Pro to show a distant outpost in a galactic war – all created by Peter Jackson. To those in the audience, the table was empty, but through the camera little soldiers and airships were in full combat mode as Raiders attacked from the sky. Coull said AR is like you’re the director of your own experience.
“ARKit enables hundreds of millions of people to experience games like this,” Coull said. “It’s a real game-changer.”
Sweeney said gaming is going to be most immediate opportunity for AR and where all of the excitement is building up because of all of the potential.
“The possibilities to bring game experiences to the tabletop for a social multiplayer experience or to send players outdoors opens up a lot of new opportunities for game developers,” Sweeney said. “The Wingut AR demo is just the tip of the iceberg of what can be done. Once you add digital humans into the equation, this is a real game-changer.”
[VIDEO: Watch a video about the Wingnut AR demo at https://www.youtube.com/watch?time_continue=1&v=S14AVwaBF-Y ]
Sweeney is excited about what game developers will create using Unreal Engine 4 mixed with augmented reality.
“Seeing photorealistic computer rendering blend with the real world is going to be very interesting,” Sweeney said. “We know from the success of Pokemon Go that it’s easy to put cartoony characters outdoors in the real world. What’s going to be interesting from the Wingnut AR demo is graphics that look just like the real thing and combine with the real world. It’s going to be a major change to the way people perceive games. Gaming is going to become a part of your daily life. We’ll see entirely new types of games created focusing on shared multiplayer social AR experiences that could be bigger than anything else out there today. This is big for the games industry.”
VR for homes
Apple also announced integration with the HTC Vive VR platform, which currently is a leader in the early race for virtual reality in homes.
“Apple’s new iMAC brings an enormous amount of GPU performance to a very mainstream PC,” Sweeney said. “It has the potential to bring VR to a larger and more mainstream audience beyond the hardcore PC enthusiasts.”
According to SuperData Research, there are approximately 1 million PC VR users in the world today. Sweeney believes opening the Vive up to Mac users could double or triple that number.
Nick Whiting, technical director of VR/AR at Epic Games’ Seattle studio, said on the technology side Epic has talked to Apple about using the studio’s experience in creating VR and Unreal Engine 4 to focus on what it takes on the tech side to make good VR. That’s also where UnrealEditor in VR mode opens up new opportunities for game developers to be able to stay immersed in these game worlds as they’re creating them.


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Mac has recently delivered iOS 14.1 and iPadOS 14.1 updates for iPhones and iPad individually. Both of these updates has brought a few improvements just as bug fixes whicj incorporates 10-cycle HDR video playback just as alter support. Here we will investigate iOS 14.1 and iPadOS 14.1.
Highlights of iOS 14.1 and iPadOS 14.1
With iOS 14.1 update, Apple has added the help for 10-cycle HDR video playback just as altering for iPhone 8 or more. The update fices different various issues like gadgets, organizers just as the symbols that showed up in the more modest size, messages in the Mail application were sent from an inaccurate assumed name just as approaching calls were kept from showing the locale data. The update likewise fixes the issue which has caused an impermanent decrease of the real time video goal toward the start of playback. The mini-computer issue has likewise been fixed which kept the zeros from showing up on the screen. An issue which was confining the clients to download or add the melodies to their library while seeing a collection or playlist. Another issue identified with Files application causing issues with MDM-oversaw cloud specialist co-ops to wrongly show content has likewise been fixed. iOS update has additionally fixed different issues identified with Apple Watch. The issues incorporate setting up relative’s Apple Watch just as case material being shown erroneously in the Apple Watch application. Nonetheless iOS 14.1 has not fixed battery channel issue that was found in the iOS 14 update. Right now the solitary fix to this issue is to reset the telephone to production line settings.
Then again iPadOS 14.1 update has additionally brought the help for 10-cycle HDT video playback and altering for iPad Pro 12.9-inch and later, iPad Pro 11-inch, ipad Pro 10.5-inch, iPad Air and later. Notwithstanding that the update has brought fix for the entirety of the issues which are found in iOS identified with home screen symbols, music library, Mail application, Files application and then some.


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AltX-listed Vox Telecom has moved to allay fears that the looming reduction in mobile interconnection rates could have a devastating impact on its business.
Vox’s biggest subsidiary, Vox Orion, is a significant player in the market for least-cost routing (LCR) solutions. LCR players are able to profit on arbitrage opportunities, particularly when interconnection rates are high.
Mobile interconnection rates — the fees cellphone providers charge one another and other operators to carry calls on their networks — will be reduced in peak calling times on 1 March 2010 from R1,25/minute to 89c/minute. Further reductions are expected thereafter.
Vox’s share price has come under sustained pressure in recent weeks on fears that the cuts in interconnection rates will undermine its profitability. In the past three months it has fallen by nearly a third. It closed on Wednesday at 41c.
In notes accompanying the group’s 2009 financial results, released on the JSE’s Sens news service on Wednesday evening, Vox says it is developing products in an effort to offset the impact of reduced rates on Vox Orion’s LCR business.
“The launch of Cristal Vox is in direct response to this change,” the group says. Cristal Vox is the group’s carrier-grade voice solution and uses Vox’s own telecoms infrastructure.
The majority of Vox Orion’s customers use LCR products. Historically, this has resulted in savings for customers who make outgoing calls from Telkom to the mobile operators.
Vox hopes to migrate these clients to the Cristal Vox product, but it admits that this could time time as the new product requires technical changes at customer sites and only certain customers are technically capable of being converted. As a result, Vox says it anticipates a “certain negative impact on profitability” in the Vox Orion business in the short and medium term.
“Over the longer term, Vox Orion will benefit from margin improvements once these customers have been converted.”
In the year to 31 August, Vox lifted net profit by 59,9% to R60,8m. Sales were up 12,8% to R2,1bn. — Staff reporter, TechCentral


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PNE supporters can get their hands on a signed matchworn poppy shirt from the Rotherham United fixture, with all profits going to The Royal British Legion.
The North End players proudly wore poppies on their shirts for the Championship fixture against Rotherham United, and now you can bid on your favourite player's shirt that they wore in that game.
The auction is now live and you can bid on a shirt now by clicking the link below.
All funds raised for The Royal British Legion will be crucial in continuing their work supporting the Armed Forces community, in particular this year given the challenging circumstances due to the Covid-19 pandemic.
All match worn poppy shirts will be personally signed by the relevant player and strict Covid-19 protocols are in place to ensure the safety of all involved, in particular the supporters receiving the shirts.


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Every fifth business is planning on adopting the Internet of Things (IoT) to help address customer demand, and improve engagement. This is according to a new report by analytics firm SAS.
These companies are mostly focused on improving front-end processes and efficiency. Only after tackling these issues will they focus on internal processes. Just under one fifth (17 per cent) said the main benefit of IoT was improved customer services, as well as an enhanced digital offering. For a third (30 per cent), applying design thinking (designing through user experience) was very important. More than a third (36 per cent) thinks IoT will improve end-user experience, and just under a third (29 per cent) thinks it will help them build better hardware and services.
“With each consumer expected to own up to four devices by 2018, there is a huge opportunity for companies to use the IoT to get even smarter in attracting their attention,” explained Peter Pugh-Jones, Head of Streaming Analytics at SAS UK & Ireland.
“Investments in IoT are very much a commercial decision and pay-offs in terms of customer operational efficiency are vital. Throughout 2017, a strong customer focus will continue to drive developments in IoT as organisations recognise the need to provide tailored, just-in-time services to stay relevant to consumers.”
The biggest issue in implementing IoT was real-time analytics, as well as security (20 per cent). The issue of skills shortage is usually addressed by partnering up with technology vendors, while willingness to learn new skills is perceived as crucial for success.


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HUNTSVILLE, Ala. (WHNT) — August 18 was Blitz Day! News 19 is partnering with several local businesses with the mission to “Fill the Food Bank” and feed North Alabama.
The Food Bank of North Alabama says it’s struggling to keep food on its shelves. That’s a call to action.
On Blitz Day, News 19 and partners were on-site collecting shelf-stable foods, canned goods and cash until 7 p.m. They started the day bright and early at 6 a.m.
Recommended food donations include things like:
- Protein – canned or dried, meat or bean.
- Peanut butter
- Shelf stable milk
- Healthy cereals
Why Get Involved?
The USDA defines Food Insecurity as a lack of consistent access to enough food for an active, healthy life. Nationally, 1 in 8 people are food insecure.
The average median household income in our area is $50,374. People living paycheck to paycheck, are a car repair, healthcare emergency, or inflation costs from financial disaster.
After the Blitz Day event, food donations can still be made at these locations.
If you’re unable to donate in person here is how you can help:
- Text “HUNGER” to 256-559-3299
- Donate online by clicking here.
- Or just scan the QR code below
News 19’s partners for the drive include Alabama Credit Union, Alfa Insurance and Van Valkenburgh & Wilkinson Properties. We thank them for their support and help as we ‘Fill the Food Bank’!


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- Street: Rua Waldemar Aleixandre Da Silva 1081
- City: Taubate
- State: Maine
- Country: Brazil
- Zip/Postal Code: 12050-370
- Listed: 23 Şubat 2021 15:36
- Expires: 78 days
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Sarku graduates from mall to stand-alone concept
- Missy Frederick
- Staff Reporter
The name Sarku Japan may ring a bell if you spend a lot of time in mall food courts. That’s how the fast-food Japanese restaurant, specializing in chicken teriyaki and other stir-fry dishes, has made a name for itself. It’s the company’s second name, actually. I remember the original incarnation, Sakkio Japan, back in Cleveland years ago, having scarfed down many an order of chicken teriyaki pre-drama rehearsal in high school.
The next move for Sarku is to move outside the malls, says Bruce Kim, the company’s director of franchise development,
The company showed off a stand-alone concept late last year with a corporate-owned unit near Boston and a franchise in Champaign, Ill. D.C. is among the early targets for the new model.
Sarku has already brought on two franchisees, one who is negotiating a lease in College Park and another scouting locations in Fairfax County. The company will look for more potential franchises during an April 14 presentation at the Fairview Park Marriott.
The stand-alone stores offer food similar to the dishes in the mall shops, with the addition of a few new menu items and a selection of sushi, Kim says. Locations are about 2,000 square feet and cost between $250,000 and $449,000 to develop, Kim says.
Want an early taste of the Sarku to come? The mall version can be found locally at Wheaton Plaza, Montgomery Mall, Springfield Mall and Dulles Town Center.
Linguine for Leesburg » A South Carolina-based Italian restaurant chain has its sights set on Northern Virginia.
Travinia-Italian Kitchen has signed a lease for its first Washington-area location. The sit-down restaurant will occupy 6,500 square feet at the Village at Leesburg.
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14 December 2021, Australia: Elders is pleased to sign on as a Diamond sponsor for the biggest dairy event in Australia International Dairy Week 2022 (IDW).
The event will be held from 16 to 20 January 2022 in Tatura, Victoria.
National Dairy Manager for Elders Rob French says that the event is an important opportunity for stud and commercial dairy farmers and other industry stakeholders around the country to collaborate and network.
“With Elders’ dairy business expanding over the past number of years, we see this as an opportunity to meet face to face with our previous and new clients and show our support and commitment to the Australian dairy farming industry,” said Mr French.
“The event will feature six National Breed Shows and a National Youth Show comprising over 1,000 head of dairy cattle, allowing breeders and next generation dairy farmers the opportunity to compete for prestigious awards for each breed. Over 180 dairy breeders will be on show.”
The current outlook for Australian dairy production is overall positive, with tight global supply driving higher prices and consumer confidence improving lending itself to increased spending on dairy products, however there are key challenges that require problem solving for producers.
Events like IDW are crucial to collaboration and information sharing to bring solutions to farmgate.
“Many site displays will be available for producers to have face-to-face contact with business representatives enabling them access to the latest technology in dairy farming,” said Mr French.
Despite challenges, the total value of milk production is forecast to exceed $4.9 billion in 2021/22, up 6.8 per cent compared to 2020/21 and the highest value of milk production on record. This environment lays the foundations for producers to look to the future with some confidence in decision making, whether expanding or fine tuning their operation.
International Dairy Week is telecast internationally and has previously attracted 25,000 viewers logged on the watch the event.


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Canadian cannabis producer The Green Organic Dutchman lost $6.8 million Canadian dollars ($5.2 million) on record quarterly sales in the second quarter of 2022.
The company said in a Tuesday news release that net revenue of CA$11.63 million for the three months ended June 30 was 43% higher than the same period one year earlier. It’s also a 10% increase from the previous quarter.
However, the company – also known by its ticker symbol on the Canadian Securities Exchange, TGOD – said in a financial filing that its total cash position of CA$4.67 million was “insufficient … to fund its planned operations.”
“The company will need to obtain further funding in the form of asset sales, debt, equity or a combination thereof to continue operations for the next twelve months,” according to the filing.
TGOD also said there was “a material uncertainty that casts significant doubt about the company’s ability to continue as a going concern,” citing targets related to its revolving credit facility.
The Mississauga, Ontario-based company said it received a nonbinding offer for its once-prized European subsidiary, HemPoland, and expects a sale to be concluded by the end of September.
The offer is significantly less than what the company paid for the Polish hemp producer amid the cannabis stock hysteria of 2018.
TGOD said the offer includes a nonrefundable deposit of CA$150,000, plus a further CA$1.5 million in cash on closing.
Additionally, a TGOD loan payable to HemPoland worth CA$5.6 million would be forgiven.
In 2018, TGOD agreed to buy the promising Elblag, Poland-based business for CA$20.4 million in cash and stock.
At the time, the Canadian company said it planned to invest another CA$13.5 million in the business to fund product development and European expansion.
TGOD also agreed to pay performance incentives worth CA$15.8 million if HemPoland met certain profitability requirements in 2021.
HemPoland is not believed to have met those conditions.
TGOD said its accumulated losses to date total almost CA$500 million.


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Star Wars: Rogue One tickets go on sale Monday
Through the Star Wars Twitter account, Disney announced presale of tickets for Star Wars: Rogue One will go on sale Monday.
The movie, a spinoff of the traditional Star Wars series, revolves around the plot to steal plans for the Death Star. The massive space station capable of destroying planets is blown up in Star Wars: A New Hope, the first movie in the franchise that is Episode 4 of the series.
Rogue One hits theaters December 16.
The follow up to Episode VII, The Force Awakens is scheduled for release December 15, 2017.


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ALL EYES ON PORSCHE NIGERIA
The new Porsche 911 is simply a car worth waiting for! And this is the summation of the views of freaks who have been looking forward to seeing it for the first time at next month's Frankfurt Motor Show where it is billed to premier before going on sale as a 2012 model. Ditto for those waiting for its arrival in Nigeria.
This is regardless of the fact that it will not be available at the newly opened Porsche showroom in Victoria Island, Lagos, until the first quarter of next year; February to be precise. These hints were dropped by the Marketing Manager of the Porsche division of the vast Stallion Motors, Mr Tushar Singh, who also disclosed that the edifice has been attracting attention from Porsche lovers and those seduced by the sheer beauty of the building.
According to Singh, marketing executives started receiving serious inquiries from the first day the complex was opened a few weeks ago, adding that this has since culminated in sales.
He disclosed that there were plans to gradually build a network of Porsche showrooms and service centres across the country with Abuja as the next port of call.
For now, the brand's customers in Lagos and the outskirts, service their cars at the ultra-modern Stallion service complex in Gbagada. The Porsche showroom/office building epitomizes the brand's commitment to doing business in Nigeria, through the equally committed Stallion Motors, Nigeria's largest auto stable which has since the early 90s recorded huge success with no fewer than nine front-running auto badges, starting with the Japanese Honda. In addition to being one of the most-recognized luxury brands in the world, Porsche is also one of the most successful auto companies in Germany's history.
Unfortunately, not a few of the early visitors to the new showroom on Akin Adesola Street, Victoria Island, were disappointed that the flagship 911, undoubtedly one of the most successful cars in history, was not among the vehicles on display, but it was gathered that the much-sought-after product 'has been sold out'. That that was the out-going model
It was learnt that those who came with inquiries later, were informed that the car wont be available till early 2012. Yet, they preferred to wait for the exciting new model. This two-door is usually available as a coupe, convertible, or both It's also available with all-wheel drive.
Pending the arrival of the latest model of the popular 911, the Porsche showroom is making hay with an array of other siblings. There was the Cayman coupe the last time we visited! There was also the latest model of the good old Cayenne SUV! The epitome of sports cars, Boxter roadster, was seen deservedly receiving special attention, while the brand's first four-door Panamera attracted more than its fair share of attention from the impressed visitors.


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Russia initiates to boost INSTC infra to expand trade with India
MOSCOW : After the visit of the Russian Deputy PM’s in India, Russian companies have swung into action to boost International North-South Transport Corridor (INSTC) infrastructure and Iran’s ports and railroads to expand trade with India.
Russian companies have launched discussions on options for their participation in boosting INSTC and expanding their presence in the Iranian ports in the Persian Gulf for trade with India and West Asia. Moscow is also tapping into funds from West Asia to fund projects,according to sources.
Optimal use of INTSC figured high during Russian Deputy PM’s meetings with India’s external affairs, finance and commerce ministers this week as the two sides are keen to expand bilateral trade beyond current level of $45 bn. New Delhi and Moscow are also keen to introduce digital infrastructure along INSTC to smoothen operations. Since the beginning of the Ukraine war, India’s trade with Russia has increased manifold via the INSTC that connects Mumbai with Russia via Iran and Caspian Sea. Azerbaijan is a key element under INSTC.
There is a missing link of some 165 kilometres inside Iran (the Rasht-Astara line) to connect Azerbaijani and Iranian railways. In January 2023, Russia and Iran agreed to launch the construction with Russian funding. Russian Railways has offered to complete the missing Rasht-Astara link. Azerbaijan also has a highway connection with Iran.
To smoothen INSTC functioning, infrastructure along the Caspian Sea is being improved. In 2024 the first container terminal in the Caspian Sea will be completed in the port of Olya, and the second stage will be commissioned in three to four years, Russian government sources told. A Russian company is also considering the possibility of buying a terminal in the Caspian Sea to operate within the INSTC.
Russia is also exploring the possibility of developing road infrastructure leading up to the Iranian ports. Iran’s port of Bandar Abbas handles 100 million tons of cargo every year, seven million tons of cargo is exported from the port that are brought to the port by rail and the rest via highways.


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12/08/04 INDIA (Oilmandi) - Government on Wednesday said there was no moveto cut import duties on edible oils and asserted that the prices of allessential food items were by and large stable in the country.
"There is no proposal to cut import duties on edible oils. I am monitoringthe prices of food items on a daily basis and no significant increase inrates has been reported", Food and Agriculture Minister Sharad Pawar saidhere.
He said far from cut in duties, in the recent Annual Budget the importduty on refined palm oils had been hiked to 75 per cent from 70 per centto protect domestic farmers.
The prospects of sunflower and soyabean, specially in Madhya Pradesh,Maharashtra, Karnataka, Saurashtra and Gujarat is quite encouraging.
Overall the sowing of oilseeds in the country is progressing well and sofar 154 lakh hectares have been sown against 138 lakh hectares last year.


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TikTok users under the age of 16 will now have their accounts set to private by default
Will it make a difference?
TikTok is changing how accounts owned by anyone under 16 will work in an attempt to make the app safer to use. Now, all accounts of users under 16 will be set to private by default, limiting the types of interaction they can have with potential predators.
Now, those underage users will have to approve any follower requests, presumably with parental approval. That’s not the only privacy-focused change, as it also stops other users from downloading videos posted by anyone under 16, or using them as part of the key TikTok functionality “Duet and Stitch,” which allows users to use other user’s content in their own videos. “Duet and Stitch” will also be set to “friends only” for users who are 16 or 17 years of age.
READ MORE: How to make your TikTok account private
The social media company has not said how many of its users this new change will affect, but an NYT report from August 2020 suggested that a third of the 49 million daily American users of the app were under 14.
TikTok has also announced a new partnership with Common Sense Networks, which will be providing guidance on the appropriateness of TikTok’s content that’s viewed by any users under the age of 13.
Will these changes make TikTok a safer place for younger users? The consensus seems to think so overall, with at least one voice saying that “prohibition is never a solution. The children and youth always find a way around it.”
- The iPhone 12 Pro LiDAR camera finally has a use case – TikTok filters
- A 12-year-old from England has been granted anonymity to possibly fight TikTok in court
- Facebook is removing all references to “Stop the Steal”
- Twitter and Amazon are finally doing something about QAnon


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TALLAHASSEE, Fla. (WTXL) — Florida's Price Gouging Hotline has been activated to help consumers avoid rip-offs on cleaning supplies amid the coronavirus outbreak.
Tuesday, Attorney General Ashley Moody activated Florida’s Price Gouging Hotline for all consumers in the state.
Price gouging can be reported by calling 1(866) 9NO-SCAM or by visiting MyFloridaLegal.com.
You can also download the free "NO SCAM" app through Apple and Android stores.
The app can be used to Send pictures of prices on signs and products; capture and report receipts; write narratives of interactions with sellers of a good or commodity; report evidence of prices of identical products by different sellers in the same vicinity; and capture additional supporting documentation.
“We are monitoring the COVID-19 situation in Florida very closely and following the Governor’s state of emergency declaration, our price gouging laws are now in effect," said Moody. "I have a rapid response team ready to immediately respond to allegations of price gouging and our Consumer Protection Division continues to look for scams by fraudsters who would use this situation to rip-off Floridians."
The opening of the hotline comes as Governor Ron DeSantis declares a state of emergency in response to positive test results of 20 coronavirus-infected patients in Florida.
“Be on the lookout for scams and guard against gouging, but remember, the best thing you can do right now is heed the advice of health experts—wash hands regularly and stay home if you are ill,” said Moody.
Commodities protected by the state’s price gouging law include:
Violators of the price gouging statute could be subject to a $1,000 penalty per violation and up to a total of $25,000 for multiple violations committed in a single 24-hour period.
This story was originally published for WTXL


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Spotify announced that it’s acquiring Gimlet Media, a digital podcast network, and Anchor, a podcasting creation and distribution platform.
The deal looks to help the Spotify offer original and differentiated content to its user base.
Terms of the deal were not disclosed, however, Recode reports, citing sources familiar with the deal, that the Gimlet transaction is approximately $230 million.
American Express Teams up with Bill.com
The financial services company announced that it’s working with Bill.com in a strategic partnership that lets companies automate their Accounts Payable process to “pay vendors with their American Express® Business or Corporate Card.”
The new offering will be called “American Express “Vendor Pay” by Bill.com” and looks to help users easily reconcile payments, earn rewards, and improve working capital.
Lime, an e-Scooter Company is Now Valued at $2.4 Billion
Company Blog Post
The San Francisco-based company announced that it has raised $310 million from investors including Andreessen Horowitz, Bain Capital Ventures, and Fidelity Investments.
The new funds will help the company invest in its technology, expand to new markets, and strengthen opportunities for its team and pilot projects. As part of the new funding round, the company stated that it will also make significant investments in rider safety and city collaboration.
The company, which was founded in 2017 currently operates in over 100 locations across 15 countries around the globe.


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Apple Shuts Down Group Trying To Put OSX On PCs
from the take-that. dept
Dosquatch writes "It seems that Apple doesn't mind the open source software thing when it benefits them by, say, helping them build an OS. But if somebody else wants to poke at their code, they get all pissy. Imagine that." They've sent a DMCA-based cease-and-desist to a group who was working on putting OSX on (non-Apple) Intel PCs.


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Bharti Softbank is a 50:50 JV between Bharti Enterprises and Softbank Corp.
While BSB was launched last October to focus on mobile internet in India, BSY Pte. Ltd is a step forward in this partnership and aims to combine Bharti's deep understanding of the Indian market with the Softbank group's rich experience in the internet portal space.
Kavin Bharti Mittal, head (strategy & new product development) at BSB, said, ""We are delighted to partner Yahoo! Japan, who have a proven track record in this area. BSY, which is BSB's second venture, will be an important piece in our strategy to drive the uptake of mobile internet and data services.""
Madhu Nori, who is BSB's India operations head, claimed that as the local mobile market gravitates towards data-led services, rich content is an area that will offer exciting growth prospects. ""
""Yahoo! Japan's understanding of technology and analytics in this domain will be a big plus for this partnership, through which we aim to offer exciting content and services to customers in India. We are looking forward to working with all mobile operators and promote an open internet culture on mobile,"" said Nori
Yahoo! Japan, which is Japan's numero uno internet portal, has an 84% market-share. The company's success has driven users graduating from simple VAS to using mobile phones to access the internet.
Shin Murakami, chief mobile officer of Yahoo! Japan said: ""Japan's mobile industry has set several global benchmarks in terms of technology and services and Yahoo! Japan has led the growth of mobile-internet business as part of the Softbank group. We are pleased with the partnership with BSB for the Indian market, where the coming years will see explosive growth of data usage on mobile. Through this partnership we hope to contribute to enhance people's lives through mobile internet.""
India is the world's second largest mobile market in the world with over 900 million mobile subscribers. A vast youth population and a fast growing economy is expected to drive data usage on mobile with the proliferation of 3G and 4G services.
According to GSMA, India will become the second largest mobile broadband market globally within the next four years with 367 million mobile broadband connections by 2016.
- Front Page
- Pure Politics
- Companies & Sports
- RBI may Opt for a Smaller Rate Hike this Week: Experts
Easing inflation expectations both in India and abroad, indications of slower rate hikes in the US and worries over a global economic slowdown are likely to ensure a smaller interest rate increase by the Reserve Bank of India (RBI) this week, bankers and economists expect.Rules for Indian Financial Sector Need to be Reviewed
Reserve Bank of India (RBI) rules restrict Indian banks from lending to companies for takeovers. The Indian central bank always viewed lending against shares as a risky activity because a sudden collapse in stock prices could leave banks holding worthless paper. They can lend only up to Rs 20 lakh, a rule that was set after the so-called Harshad Mehta scam of 1992.Deadline for Filing Charge Sheet in Focus
A special CBI court judge, while dealing with a bail application in India’s biggest bank fraud case, called for legislation to extend the deadline for filing of charge sheets in “highly serious” cases, highlighting the difficulties faced by investigating agencies in completing complicated case probes.
Read More News on
ETPrime stories of the day
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Should shipowners build or buy new tech?
With the shipping industry now fully recognising that a digital revolution has been steadily snowballing behind it’s back, carriers are facing the crucial decision whether to build or buy their next generation digital solutions. Surprisingly, a significant minority are opting to go it alone and build in-house – choosing to trailblaze through the undergrowth, rather than tread the paths laid out by the digital revolutionaries. But are their use cases so unique, that self-building is the only way to tackle the emerging industrial landscape of the future, and is the amount of time, energy, and budget worth the potential competitive upside? Read more


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Fairmont Chateau Whistler general manager Paul Tormey has just three pieces of advice for a resort looking to climb out of its current economic slump "market, market, and market."
Tormey was one of the presenters at the Aug. 17 Tourism Whistler Member Session on Value Strategy held at the Telus Conference Centre. The meeting was well attended by local business owners and representatives from the municipality, Chamber of Commerce, and other organizations.
The meeting looked at current Tourism Whistler research on visitor and customer perception of value, a price comparison with Whistlers key competitors, and common marketing strategies for the future.
"My level of disappointment, that is shared by everyone, is the volume of business," said Tormey. "I think our resort has been on the receiving end of many difficult world events, whether its 9/11, mad cow, SARS, wars, currency exchange rates, weather, pick whatever one you want.
"The rest of the world is going through those things too, were not alone, and I think we need to collect our efforts, resources, and passion to once again show were the best. We need to start acting like the best, price ourselves appropriately for the market we want to attract, and market, market, and market ourselves."
Tormey pointed to Tourism Whistlers "Always Real" campaign, which is also being embraced by Whistler-Blackcomb.
"I believe the plans in place and the majority of collateral and marketing pieces are good, and that Tourism Whistler has done an excellent job in assembling research, a tremendous job on creative, and a tremendous job in identifying markets we should attack now its time to attack. Were not spending enough money or enough resources marketing, were not aggressive enough, or marketing often enough its relatively easy to spend your way into being more competitive, but we have to start."
The research compiled by Tourism Whistler is mainly based on surveys of customers that were taken in summer, winter and online. The research identified strengths and weaknesses for the resort, as well as the perception of Whistler.
According to Ian Dunn, who presented Tourism Whistlers research, the survey looked at the value equation "price, plus product, plus service."
Between 85 per cent and 90 per cent of visitors surveyed were satisfied or very satisfied with the Whistler product, including accommodation, restaurants and mountains. The only product area where there was less satisfaction was in the variety of retail stores.
In terms of service, most respondents said the service was good and a majority of repeat visitors said the quality of service was improving. However, according to Dunn, there was a vocal minority among respondents that listed service as one of the reasons they would not return to Whistler.


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SINGAPORE - A nice dinner, listening to one's favourite songs and payday. These are Singaporeans' top three simple pleasures, a poll has found.
The online poll of 1,000 Singaporeans aged 18 and above allowed respondents to pick multiple pleasures out of a list of about 60 items: 44 per cent opted for a nice dinner, 40 per cent said they enjoy tuning into their favourite songs and 37 per cent indicated payday.
The survey was commissioned by the Small Luxury Hotels of the World organisation, which has members in more than 90 countries, and was conducted earlier this month by marketing research firm OnePoll. The survey was also done in Australia, the United Kingdom and the United States.
The other top 10 simple pleasures picked by Singaporeans include exercising, watching one's favourite movie or making someone smile or laugh.
However, more than half of the Singapore respondents felt that they do not get to enjoy such pleasures as often as they would like.
Some 48 per cent of the respondents said they do not have the time to relish small life pleasures while 56 per cent felt guilty when they take a break.
The top three reasons stopping Singaporeans from enjoying themselves are a lack of money (57 per cent), lack of time (55 per cent) and demands of work (48 per cent), according to the survey, whose results was released this week.
The poll also found that Singaporeans do not enjoy being in the sun as much.
Sunbathing was the least popular simple pleasure at 7 per cent. Feeling the sun's warmth on one's face was chosen by just 16 per cent of Singaporeans, compared with 44 per cent of Britons, making it the top pleasure for those from Britain.
For Singaporeans, the least popular simple pleasures include writing lists (9 per cent) and wearing a new pair of socks for the first time (11 per cent).
The survey also found that about one-third of the Singapore respondents hoped to sleep in a big comfortable bed (32 per cent), spend the weekend away (31 per cent) or catch stunning views (29 per cent) - pleasures often found on holiday.
Mr Mark Wong, senior vice-president (Asia Pacific) of the Small Luxury Hotels of the World, said: "Now that vaccinations and travel bubbles in the Asia-Pacific region are coming in place, we are optimistic that people will be able to safely enjoy some of these simple pleasures abroad before too much longer."
Top 10 simple pleasures in Singapore:
1. A nice dinner
2. Listening to your favourite songs
4. Watching your favourite movie
5. Dining out
6. Making someone smile or laugh
7. Staying in bed on a Sunday morning
8. Sleeping in a big incredibly comfy bed
9. Spend a weekend away
10. Doing exercise


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The Future8 Awards is a contest for 7-17 year-olds in the UK and Ireland and Outfit7 and SuperAwesome have partnered up to sponsor its mobile app category.
"We are very excited to welcome Outfit7 on board as our Mobile App Category Sponsor," said SuperAwesome CEO Dylan Collins.
"The Talking Tom and Friends franchise is a global phenomenon and it's hugely popular amongst our audience of 7-17 year olds. Access to Outfit7's expertise and knowledge of this sector is an exceptional opportunity for any young app developer and we look forward to working together to find a creative star."
SuperAwesome is a marketing platform aims at children and teens and is the home of Swapit, Bin Weevils and Box of Awesome while Outfit7 is the home of hit iOS app Talking Tom.
"We're delighted to be taking part in the Future8 Awards, helping to motivate and encourage young talent," added Outfit7 deputy CEO Iza Login.
"Here at Outfit7 we are committed to developing imaginative and innovative products, from idea to reality, so we are excited about the opportunity to help inspire the next generation of app developers."
The Future8 Awards was launched in May by The Guardian and features eight categories across the digital spectrum.


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Prime Minister John Key says he may raise the issue of dairy import and anti-dumping tariffs with the Brazilian president when they meet on Tuesday.
Mr Key and the New Zealand delegation he is leading are in Brazil as part of his official tour of Latin American countries.
He said while New Zealand hasn't exported milk powder to Brazil for years, there's a steep tariff covering any such shipments, which New Zealand would like to see removed.
Mr Key said there was a perception years ago that New Zealand companies were dumping product in Brazil.
"So they normally pay a 28% tariff for milk powders coming in, plus a 3.9% anti-dumping tariff, that was renewed very recently."
Mr Key said New Zealand companies are not dumping in the Brazilian market and in fact New Zealand has not exported milk powder to Brazil since 2007.
He said the anti-dumping tariff had no practical impact but there is the issue of reputation.
Mr Key said he may raise the issue, and Primary Industries Minister Nathan Guy who is part of the entourage will definitely raise it with his counterpart.


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WALTHAM, Mass., Jan. 13, 2015 /PRNewswire/ -- Global payment gateway BlueSnap announced today that Peter Caparso, former President of North America at Adyen who was responsible for establishing Adyen's U.S. operations, has joined BlueSnap as Chief Commercial Officer. Caparso will be responsible for expanding BlueSnap's customer base and increasing revenue.
A payments and eCommerce executive with over 25 years of experience, Caparso comes to BlueSnap with a track record of building and managing successful technology companies. Prior to joining BlueSnap, Caparso served as Head of North America at Adyen for six years. During his tenure at Adyen, Caparso oversaw the creation of multiple U.S. offices and deals with numerous mid-size, large and Fortune 500 merchants.
Before joining Adyen, Caparso was EVP of Sales, Business Development and Account Management, North America at the Royal Bank of Scotland (RBS) where he oversaw the eCommerce commercial operations. He began his career in payments technology at Bibit, which was acquired by RBS in 2004. Caparso holds a BA in Economics from Villanova University and a MBA from Boston College.
"I'm extremely excited to join the fast-paced environment at BlueSnap," said Caparso. "With the recent $50M round, the company is on a turbo growth projection, and I am pleased to be given the opportunity to add to our ongoing expansion. I am also thrilled to be joining BlueSnap's savvy and experienced management team. They combine a unique set of payments and technology knowledge with a deep commitment to customers that sets BlueSnap apart from the competition."
"With Peter's extensive global payments expertise, he will be invaluable for accelerating BlueSnap's growth," said Ralph Dangelmaier, CEO of BlueSnap. "Our smarter payment gateway is the best in the market at helping our merchants sell their products and services cross border. We look forward to Peter building the BlueSnap brand and driving our future success as we continue to add more customers and evolve our global payment gateway ahead of the industry."
BlueSnap is a smarter global payment gateway powering the checkout process for eCommerce merchants worldwide, and fueling growth for online businesses reaching global markets. BlueSnap has reinvented and optimized the checkout experience by combining intelligent payment routing, frictionless one-click checkout, cross-border payments, award-winning Smart Subscriptions, multiple integration options and dynamic eCommerce tools. With over 10 years of experience serving merchants around the globe, BlueSnap is fulfilling its promise to convert more shoppers to buyers worldwide. Learn more at www.bluesnap.com.
"BlueSnap" and its logo are trademarks of BlueSnap, Inc.