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JETRO Global Connection, an event organised for business matching between international startups and Japanese companies, has invited eight Indian startups along with a total of 37 companies selected from 15 countries.
The event is organised by the Japan External Trade Organisation (JETRO) as part of the Combined Exhibition of Advanced Technologies (CEATEC) 2019. JETRO selected about 180 promising startups from around the world for the programme and later selected 37 of them from 15 countries. The startups selected are mainly in the fields of mobility, health tech and smart homes.
Commenting on the development, a Nasscom official said there is a growing bonhomie between India and Japan in the startup sphere. “We can see Japanese companies are realising the need for aligning with Indian startup for their global ambition and expanding their technological skill sets. Also, the Human Resources behind Indian startups are really helping Japan to scale up their expansion plans,” said the official.
CEATEC is Japan’s largest CPS/IoT-related trade fair and this year it is taking place from 15-18 October, 2019 at Makuhari Messe. The event which started its journey since 2000 is currently running its 20th edition.
KiteMaps AMS Co-Founder and Co-CEO Anshul Shaema said the company is excited to be part of this group and looking at exploring more opportunities in Japan. “We are looking at strategic partners, business opportunities and investors as part of the event. We are confident that the product maturity and scope of the company would have prompted us to get selected from India. We want to bring a paradigm shift in healthcare delivery using our robotic and logistics technologies,” he said.
Other than India, the startups selected are from Israel, the UK, Estonia, Canada, Colombia, Singapore, Switzerland, China, Finland, France, the US, Portugal, Luxembourg and Taiwan. By field, 16 companies are involved in mobility, 13 in health tech and eight companies in smart homes. In addition to high-tech companies such as the ride-sharing solutions provider Via (US), powered exoskeleton developers FREE Bionics (Taiwan) and ExoAtlet (Luxembourg) and smart-home device provider Swidget (Canada), there will be a concentration of unique startups from Portugal, Colombia and other countries known for producing distinctive enterprises.
Talking to NFAPost Jetro official from Bengaluru said the event also provides an opportunity for Japanese companies to use the marketing service EventHub to apply for meet-ups directly to the overseas startups they are interested in. “JETRO established an Innovation Promotion Division in April this year with the aim of strengthening business matching between Japanese companies working on open innovation and overseas companies such as startups. We will continue to actively develop these projects in the future,” he said.
AlphaICs’ invention of RAPTM (Real AI Processor) is creating Big Bang of Real AI by combining perception and decision making. AlphaICs is capitalising on this opportunity to deliver the next generation of AI compute. The company’s agent based ‘Real AI Processor” (in short RAPTM) delivers much higher compute performance and significant energy efficiency. RAPTM greatly accelerates AI workloads at data centres and provides perception and decision-making ability to the edge in applications ranging from autonomous cars, drones, robots to Dialog Systems where latencies are crucial. Co-founders of the company include Nagendra Nagaraja, Vinod Dham, Pradeep Vajram and Prashant Trivedi.
The company with its advanced technologies has made fleet management easier than never before. Intellicar’s team of automotive engineers, cartography experts and data scientists have developed the best solutions to track your vehicles and drivers to ensure safety at all times. The company founders include Karan Makhija and Kaushik Raju. Besides Nasscom’s top 10 start-ups award as part of its Emerge 50 2018 the company also got selected by Karnataka government startup programme Elevate Karnataka 2017.
Kitemaps AMS Pvt Ltd,
The company has come up with solution for last mile logistics enabled by drones. It helps displaced populations living in hard to reach geographies access basic healthcare. Redwing Aerospace’s solution has been successful to overcome these limitations by using an aerial route of delivery has enabled the company to provide these access. Redwing’s mission is to ensure that no one dies because they live too far. The company has build a network of delivery drones to address problems faced in the last-mile and it is capable of Hybrid VTOL flight – taking off and landing like a helicopter and then flying like a plane. With a full implementation service that is a culmination of hardware and the software. Founders of the company are Anshul Sharma, Arunabha Bhattacharya and Rishabh Gupta
Its solutions help reduce storage losses, track assets and people in real time, increase people safety and security by using end-to-end IoT Enterprise Internet of Thing. By using COIN sensor nodes, early machine failure can be predicted and it can be used for timely action and preventing major failure down the line. It helps in reducing food and goods losses to a larger extent, enhance productivity of employees, cut shot wait time due to search of assets and prevent illegal intrusion. The COIN sensors very mall and compact in design and has multiple sensors to measure temperature and humidity. It also has accelerometer and gyroscope. Using COIN, the user can monitor key metrics, analyse past trends, generate reports and analyse data to get actionable insights of the operations. The company’s machine learning algorithms can also predict failure of your assets. The company’s solutions include real time location system for asset tracking, safety solutions and people tracking, condition monitoring for enterprise, security solutions for perimeter/fencing and warehouse solutions. The founder of the company is Abhishek Latthe
The company provides robots which can clean solar panels installed in solar farms, company plants, stadium and big construction sites. It provides autonomous, water free portable and remotely controlled robots which can execute these cleaning requirement. “We can clear 1MW plant with a single robot. Here we do not require water and return on investment (ROI) in less than 15 months. The infrastructure required for this robots installation is minimal,” said one of the company founder. Founder and CEO of the company is Jatin Sharma
Enables interaction on modern and traditional devices using data-over-sound technology. With a highly robust channel of communication, the technology is designed to be highly inter-operable, secure & friction less. Enabling payments & engagement for businesses irrespective of infrastructure and scale of operations. The company founders include Kumar Abhishek and Vivek K. Singh
Ushva Clean Technology
Ushva is founded with the vision to offer renewable, affordable, and clean energy devices to all and founded by a team of IIT Bombay graduates from various disciplines. We identify and share common aspirations and goals which benefit the company, its employees and the society as a whole. Dream Energy Neutral is the company’s effort towards neutralising energy needs of any infrastructure with minimum resource (single hardware) at minimum cost. The company’s founders include Ashutosh Kumar and Visat Patel.
With deep neural network, the company’s platform detects a person and through advanced deep learning driven tracking, presents an accurate footfall count for any retail store. Data points like these can help every retailer have unique advantage over the competitors, keeping in mind that they are enabled with data in real time that allows them to have business metrics like sales conversions per customer walk-in, marketing ROI on store walk-in, Store Heat Maps etc. Also, the platform, through facial detection algorithms, identifies every face in the premises and presents the exact age group and gender of each walking in customer. Thus allowing a retailer to plan custom offers and move more inventory based on the gender demographics. The company’s deep learning driven platform API for general object detection allows one to have a generic API that anyone can use to identify 100’s of objects in real time with just a single API call to VedaLabs server. The platform also supports identifying custom objects that have business importance. The founders of the company are Ashutosh Mishra and Vivek Singh.


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It seems that things could not be better to Cupertino. At the end of the end it was shown that those rumors that the iPhone 5 did not work in the market as had been hoped collapsed while presenting the annual sales report, and now the apple celebrate another good news, or rather, one of the best news could start the year, because Apple becomes world’s number one smartphone in the U.S..
Although it may seem a figure, the truth is that it is not, first because the American market must remember it is the birthplace of Apple, while Samsung, which until nothing was number one is actually a Korean company.
Second because the battle between Samsung and Apple is already looking for both mythological and removed the markets of different countries every month. And this time we have lost to Samsung.
In any case do not trust, because if things go as planned in the calendar, the new Samsung always will arrive prior to the new iPhone, and also after the showed in the CES 2012 promise many innovations, and of the new iPhone, be iPhone 5s or new iPhone, we have data only.

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Bicycle Retailer and Industry News (BRAIN) reported this week that Accell Group, N.V., the Netherlands-based owner of the former Seattle Bike Supply portfolio of bicycle brands (among considerable other bicycles assets), has sold its US business, including three bike brands to California investment group Regent, LP.
Inside that bushel of bike brands is BMX giant, Redline Bicycles. Former BMX brand, DiamondBack is also moving to Regent, as is e-Bike brand, iZip. Raleigh, and a list of other brands will remain with Accell.
Earlier this year, Regent purchased French road/track/MTB stalwart, Mavic, and that acquisition is already showing some groove in the marketplace.
The sale, which included Redline, was finalized on Tuesday (August 6) for a purchase price reported to be ONE DOLLAR (yes you read that right), but with a potential “earn-out” of up to USD$15 Million.
Such a structure makes good sense for all parties, as it gives Accell a quick resolution to the sale of the business unit and the three brands, and allows Regent to acquire these assets for low-to-no out of pocket investment. Based on CEO quotes published by “BRAIN,” it seems Accell wanted to waste no time effecting and completing a sale, saying:
“With this announcement, we have completed the strategic review of our North American business. This allows us to eliminate the profit dilution…The completion of the strategic review results in a one-off charge which we will absorb in H2 2019.”
The business unit lost $12.2 Million in the first half of 2019, according to the report. That bleeding stopped (at least as far as Accell’s balance sheet was concerned) on August 6, when the deal was closed.
The sale comes on the heels of the Accell’s sale of all Canadian rights to the Redline, DiamondBack, iZip and Raleigh brands to retailer Canadian Tire for $16 Million in cash.
To some, the Canadian deal was a foreshock to the Earthquake that occurred this week with rest the brand registrations being sold. To others, there was no “earthquake” at all–everything that went down was figured to be inevitable, however it might have unfolded.
We reached out to contacts at Redline to find out if there was any indication of how the future might look for the BMX Racing product line and program, as Regent takes over the brand. No reply, just yet, so we’ll update the story when more details are available.


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Chicken, cars and chlorine: Do you know what these three things all have in common? They’re becoming more expensive and harder to find thanks to the supply chain shortages of 2021.
Despite the fact that the majority of the U.S. is reopening and investors are rejoicing at the money flow, COVID-19 is still affecting the flow of supply, which is often unable to meet the demand for consumer products.
Shortages in the supply chain in 2021 have been popping up more and more as people emerge from their cocoons of self-isolation.
And it’s not looking pretty for the economy…
I’m a frugal type of guy, so when I went grocery shopping I was floored with what I saw. Some brands of chicken wings have risen to $3.16 a pound. Boneless chicken breasts have risen 236% since the fall (now $2.25 per pound), and chicken tenders have risen to $2.43 — a 77% spike.
It’s ludacris. And I’m not talking about the rapper…
But after talking with WealthPress Senior Strategist Roger Scott, we realized that the supply chain shortages in 2021 are also creating a ton of buying opportunities for investors in this market.
Traders just need to start looking at the right names to profit this summer.
Stocks Set To Soar From Supply Chain Shortages in 2021
We all assume the world was not prepared for the global meltdown we witnessed in 2020. Our supply chain for most goods went from having five levels and layers deep of operations… to one.
For example, let’s say I make beer and only get my hops from one company. If that company doesn’t have enough supply, then I can go to four other companies to get what I need. Now I only have one company to go to, which causes an extreme drop in the production of my beer.
When you put that mindset on a global scale, the reality of things becomes much scarier…
The international supply chain has been heavily affected as well, and it’s one of the reasons behind the shortages we’re seeing in America.
Processing chickens, for example, has to be one of the most absurd things in the world. Chickens are grown in the U.S., shipped to China to get butchered (since it’s cheaper) and then packaged to be shipped back to the U.S.
That process is broken right now, and it’s the reason why we’re looking at Tyson Foods Inc. (NYSE: TSN) — the second largest processor of chicken, beef and pork in the U.S. — as our first stock recommendation.
And as the worst chlorine shortage ever in America is set to ruin the summer pool season for many, costing up to 800,000 people their jobs, Roger has become increasingly bullish on these stocks.
Check out our short video below to learn more about the supply chain shortages in 2021, and see which stocks are set to profit from it.
We also discussed how to get four trades a week using our Burn Notice strategy, the most important day of the week for all cryptocurrencies, and whether or not we’re already in the next housing bubble.
Be sure to share your thoughts in the comments section below.
And as always, send any trading questions to email@example.com and stay ahead of the markets, especially these choppy ones, by subscribing to our YouTube channel.
P.S. From 1993 to 2021, traders would have lost 10% of their money buying and holding the S&P 500 during the day…
Yet if they’d bought at the close and sold again right at the open, anyone could have seen an 812% increase in their investments.
Where did all the gains come from? Overnight moves.
And I, a former $700 million hedge fund trader, just revealed how to exploit these overnight moves on a handful of stocks every single day.


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Jon and Pete are seeing unusual activity today in EBAY and MRO.
Back in February, the brothers alerted us to some in-the-money (at that time) call buying in EBAY. Today, traders were buying the May 36 strike calls and selling the May 38 calls, creating a vertical spread for a combined $.50. This is a bullish bet that EBAY will be higher in May.
Traders were also buying 13,000 of the Oct 18 calls in MRO. These are longer term calls, so Jon will be in these for a few months!


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The new sport is set to become the next great racing competition, alongside mainstays NASCAR and Formula 1.
Bigelow Aerospace and United Launch Alliance plan to deploy habitable modules into Low Earth Orbit in 2020
The FAA is considering new rules that would allow commercial drone flights over populated areas.
The Aircrew Labor In-Cockpit Automation System is installed on aircraft and drones to limit the chances of a crash.
This portable little drone can fly around for 20 minutes and shoot pictures and video of you.
In six months, the FAA received 582 reports of drones operating near airplanes, helicopters, and airports.
Dubbed CRACUNS, the prototype an remain at and then launch from several hundred feet underwater.
The 3D Robotics Solo drone offers aerial tools for cinematographers to get stunning shots with a GoPro action camera, but it's held back by a weak GPS and short battery life.
FAA chief Michael Huerta says new rules and tools for drones are being developed faster than skeptics thought possible.
The latest version of DJI's top-end consumer drone, the Phantom 4, improves on its predecessor in many ways. It's the best consumer drone on the market, and it's priced accordingly.
3D Robotics, Autodesk, and Sony have a new drone-based solution for those of us with dangerous jobs.
The Xiro Xplorer G is an inexpensive drone that captures solid aerial video using a GoPro action camera.
Similar incidents in the U.S. and UK have regulators seeking ways to crack down on illegal drone flying.
The VTOL (Vertical Takeoff and Landing) X-Plane will essentially function as a helicopter and fighter jet in one.
The Phantom 4 is faster and sleeker than its predecessor, with collision avoidance and improved 4K video.
An FAA task force must compile new drone operation rules that allow safe flight over people.
Pricing varies depending on the drone you own, but can set you back up to $499.
The drones are targeting fans who may try to fly their own drones over the set to see what's happening.
AT&T and Intel will examine how unmanned aerial vehicles behave on an LTE network.


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What do you think will be in style for prom this season?
Kelley Haueein, senior, Lawrence Alternative High School
Chelsea Shrimplin, sophomore, LAHS
"I think the hottest trend will be wearing almost nothing, like it usually is."
Tom Maples, senior, Lawrence High School
"I hear that the big color this year is a strawberry-watermelon red."
Meghann Lilley, junior, LHS
"I think the short, strapless dresses with the high waist that flair out at the bottom."
Aric Houk, senior, Lawrence High School
"The gangster suits with the alligator shoes and pinstripes."


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Vinyl: The Retro Music Player Is Making A Comeback
Many might think the sound of a needle dropping on a vinyl record is something of the past, like the 8-Track or the cassette. But according to a report by Deloitte, the vinyl record market is about to become a billion-dollar industry.
The study used sale figures from the past seven years and estimated that 2017 will be the highest, selling over 40 million units.
Dayne Teigeler, owner of Tactile Records, currently rents a space inside Country Village Antique Mall in Logan. He's working on opening his own retail store. He feels the new vinyl interest will make it easier to open.
"Bath & Body Works has even had records. There's a definitely a different market out there," Teigeler said. "Even Urban Outfitters has dealer agreements to get exclusives that you can't get anywhere else, through some of these pressing plants and through some of these labels. It's a big deal. It's come back with a vengeance."
Teigeler said the Logan vinyl market has a lot of potential, specifically regarding the different music lovers.
"I plan on carrying classical," he said. "I plan on carrying Jazz. I plan on carrying hip-hop. There's actually a large hip-hop community here that just is untouched, just because availability has been slim. I really want to make sure all genres are represented just in different quantities."
In the report, Deloitte noted the 40 million is not record breaking. In 1981, the record industry did $1 billion in sales that year alone. But it is a large number for a technology most believed was dead.


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WILMINGTON, Del. – General Motors Corp. (GM) has made significant progress on its turnaround plan in the past year, reducing costs and rolling out new products, the company's chairman and chief executive told shareholders Tuesday.
Rick Wagoner said the automaker expects to cut $7 billion in structural costs in North America, reducing its costs from 34 percent of revenue last year to 25 percent in 2010.
The cuts will make GM a global leader in the industry and position it for sustained profitability, not just short-term profits, he said.
"These are huge reductions for GM and any other corporation anywhere," Wagoner said.
GM earned $445 million in the first quarter of this year compared with a loss of $1.3 billion in the January-March period a year ago. It was the first quarterly profit since 2004 for the world's largest automaker, which lost $10.6 billion in 2005.
But GM continues to face significant hurdles. The company is in talks with its former auto parts division, Delphi Corp., and the United Auto Workers on a deal to lower wages at Delphi, which has filed for bankruptcy protection. Delphi is seeking a judge's approval to cancel its labor contracts, a move that could provoke a strike and devastate GM, its largest customer.
GM also continues to struggle in its home market. U.S. sales fell 8 percent in the first five months of this year as high gas prices took a toll on truck sales and GM pulled back on sales to rental fleets. The company has pledged to stick to its strategy of lower prices instead of relying so heavily on incentives, but some analysts question whether that can continue.
GM is facing several federal investigations into accounting practices and recently was forced to restate five years of earnings. Wagoner has called the accounting errors "extremely disappointing and embarrassing," and the company has hired an outside accounting adviser.
Also, GM and its unions will begin negotiating a new contract with the UAW next year. The talks could be contentious as the automaker tries to get its labor, health care and pension costs under control.
GM shares fell 31 cents, or 1.2 percent, to $25.74 in morning trading on the New York Stock Exchange. They have traded in a 52-week range of $18.33 to $37.70.


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Bare-Knuckle Politics Leads to Bad Public PolicyWhat does "D.C." stand for? District of Columbia Mayor Anthony Williams has signed legislation passed by the D.C. Council that makes it illegal for pharmaceutical companies to sell prescription drugs at an "excessive price" in our nation's capital. If companies don't comply, civil penalties may be applied. Medically speaking, the council members may need to have their heads examined. They certainly didn't get their heads around a central issue: What aspects of drug pricing do pharmaceutical companies control? Pfizer doesn't own a chain of pharmacies. Eli Lilly doesn't have a stake in CVS. And, in case you didn't know, there is no such thing as a manufacturer's suggested retail price for prescription medicines.
Peter J. Pitts
Medical Progress Today
October 20, 2005
In the simplest path to market, a drug company sells its products to a wholesaler, which sells them to a pharmacy. Often there are multiple resellers and repackagers in between. Everyone along the supply chain marks up the price to make a profit. By the time you receive your prescription at the pharmacy, it may be priced at upward of 40% over the initial price charged by the drug maker. In fact, an April 2000 report from the U.S. Department of Health and Human Services notes, "Retail markups in the range of 20% to 25% over the pharmacy's acquisition price are typical."
However, since the D.C. Council is made up mostly of lawyers (including the genius who introduced the legislation, David Catania, who works at the powerful Washington law firm of Akin Gump Strauss Hauer & Feld) it's not surprising they've chosen to focus on the deepest pockets - the pharmaceutical industry. It wouldn't look good, after all, if their legislation forced local pharmacies to close.
What does "D.C." stand for? Based on the current disposition of the D.C. Council, it stands for "Drug Catastrophe." Some will counter that, right or wrong, drug companies have gotten the reputation of robber barons who dramatically inflate the prices they charge for their products. And that it's not the retail pharmacies that have profit margins hovering between 18% and 20% every year.
But why should this matter? Some people don't like pharmaceutical companies, others don't like food companies, and still others aren't fond of insurance firms. If you have a market-based economy, you play by market rules. "Free market" doesn't mean that product and services are free. And demanding that manufacturers reduce their price so that the cost to the end user declines - without equally mitigating the profit margins on the middle and end of the supply chain - simply makes no sense. It's probably also illegal, and a court challenge is expected by all parties.
If what Mr. Catania and his allies really want are price controls (which is precisely what they want - and have said so), then they should be honest and move publicly to impose price controls. Unfortunately, in the world of bare-knuckle politics, knuckle-headed schemes often emerge for no other reason than to attract media coverage. Serving the public interest? That's for suckers. In this respect, "D.C." also means "Disturbing Conduct."
Similarly, what does "M.D." stand for? Nope. Unfortunately, it means "misdirected."
Over a year ago, the president of the Montgomery County Council in Maryland, Tom Perez, introduced a resolution that would allow the county to purchase "drugs from Canada." According to The Washington Post, Mr. Perez "anticipated offering the benefit to 85,000 employees and retirees, including 27,000 affiliated with the school system. But the plan suffered a setback last month when the county school board declined to pursue a contract with Canusa, a privately held health benefits company based in Windsor, Ontario, largely because of concerns that the program would violate federal law. So now, Perez is focusing on the county government, with 12,500 workers and retirees, in part because it is the entity over which the council has direct control."
Now Mr. Perez is going to use local police, firefighters and the other hard-working members of the Montgomery County civil service as guinea pigs in a lab experiment he designed out of blatant political ambition. And as far as county retirees are concerned, I wonder how much time (oops - times up) he's spent educating them on the Medicare Part D benefits to which they are entitled.
Meanwhile, Canada's minister of health has made it clear that he will not allow his nation to become America's drug store. That's why Canadian Internet drug marketers - profiteers masquerading as pharmacists - now need to get their drugs from Europe. And that means Latvia as well as Great Britain, and Portugal as well as Germany.
Mr. Perez's plan would not deliver "the same" drugs that Canadians get at their local pharmacies. That's a fallacy proven 100 times over and conveniently and irresponsibly ignored by the County Council president. And since the Council of Europe just released a new study revealing the bad news about the European Union's fast-growing problem of counterfeit drugs, it's good news that the Montgomery County school board did their homework and sent Mr. Perez and his foolish notions to detention.
Peter J. Pitts is a former Associate Commissioner at the Food & Drug Administration and Senior Vice President for Global Health Affairs at Manning, Selvage & Lee.


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Public companies frequently file reports on earnings every quarter. Investors use quarterly earnings reports to assess whether the company has the financial strength necessary to support its investment. Tech giants including Google, Microsoft, and Apple have also revealed their quarterly earnings reports. Here are the key takeaways from their quarterly financial sheets.
Apple Q3 report
For April, May, and June of fiscal Q3 2021, Apple (AAPL) has released its earnings report. The company’s revenue was $81.43 billion for the quarter, with a benchmark profit of $21.74 billion. In terms of earnings-per-share, the company earned $1.30. The current stats are 36 percent higher than the year before.
In comparison, last year, the company achieved $59.7 billion in revenue and $11.25 billion in profit. Rather than reporting units sold, Apple reports revenue from each category of product. As a result, over 12% growth was reported for every product line in Apple’s portfolio.
Apple’s CEO Tim Cook said on the company’s third-quarter result,
“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important, We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.”
On an annual basis, iPhone sales grew by nearly 50%. For the third quarter of fiscal 2021, here are the details.
- $39.57 billion: iPhone (Up 49.7% YOY)
- $8.24 billion: Mac (Up 16.38% YOY)
- $7.37 billion: iPad (Up 12% YOY)
- $8.78 billion: Wearables, Home, and Accessories (Up 36.12% YOY)
- $17.49 billion: Services (32.90% YOY)
Compared to Apple’s hardware profits, services sales produce a much higher profit margin. As a result, each dollar of added service sales substantially drives up Apple’s profits. Still, Apple generates most of its revenue from hardware sales. iPhone prices alone account for 48.6% of the company’s total revenue, growing by 49.8% over the same period last year.
CFO Luca Maestri added,
“Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices, [….] We generated $21 billion of operating cash flow, returned nearly $29 billion to our shareholders during the quarter, and continued to make significant investments across our business to support our long-term growth plans.”
It is Apple’s sixth consecutive quarter since it stopped providing formal guidance following the start of the Covid-19 pandemic. Although, Apple warned that a silicon shortage could harm its iPhone and iPad sales in the September quarter.
Alphabet Q2 report:
Today, Alphabet Inc. announced its financial results for the quarter ended June 30, 2021. Despite the Covid pandemic, total Google advertising revenue grew 69% to $50.44 billion from the previous quarter.
Sundar Pichai, CEO of Google and Alphabet, said
“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience.”
Here are the breakdowns.
- Earnings per share (EPS): $27.26
- Revenue: $61.88 billion
- YouTube advertising revenue: $7.00 billion
- Google Cloud revenue: $4.63 billion
- Traffic acquisition costs (TAC): $10.93 billion
“Our strong second-quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” said Ruth Porat, CFO of Google and Alphabet
Microsoft Q4 report:
Microsoft announced continuing strong financial results despite the pandemic, which has accelerated the transition to cloud computing. During the three months that ended in June, Microsoft generated sales of $46.2 billion, up 21 percent year over year, and profits jumped 47 percent to $16.5 billion, its most profitable quarter.
“Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth,” Satya Nadella, the company’s chief executive, said in a statement.
The commercial cloud division of Microsoft posted $19.5 billion in revenue in the third quarter, up 36 percent from the previous quarter.
- Revenue: $46.15 billion
- Earnings per share: $2.17
- Productivity and Business Processes: $14.69 billion
- Intelligent Cloud: $17.38 billion
- More Personal Computing: $14.09 billion


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Ports on the West Coast of the U.S. saw the "busiest seven months in history," according to Port of Los Angeles Executive Director Gene Seroka, which then ended in February. A recent article by Supply Chain Dive indicates much of the sudden dip in imports is due to 2018's global trade chaos, citing primarily the U.S.-China trade wars and the threats of tariffs.
Representatives from the Port of Oakland said in a press release shipments spiked in 2018 as many businesses rushed cargo to the U.S. before any tariff increases were implemented. This created a slowdown in imports, which the Port of Oakland said is due to "jammed warehouses and delays in tariff hikes."
Many East Coast ports have not yet reported their numbers, but the Port of Charleston, Port of Virginia and The Jacksonville Port Authority also showed month-over-month decreases in total loaded TEU imports for February, according to Supply Chain Dive.


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In 2021 against the bitcoin growth, major companies started to take interest in it. Tesla, MicroStrategy, Square, The Motley Fool and others have already invested in the main cryptocurrency. It is worthy of note that not only US companies show interest in digital assets. In early April, the Hongkongese technological giant Meitu raised investment in bitcoin to $100 million.
Cryptocurrencies became a great business tool for risk diversification, CEX.IO Broker data analysis department manager Yury Mazur notes. It’s especially important when the world’s biggest nations turned on printing machines to support world trade and economy. According to him, we’ll have to abandon incentives sooner or later, traditional markets will be endangered, and the crypto market will probably be the best option for business. Today major companies just take stock of digital assets, the analyst thinks.
Michael Ross Johnson believes that the probability of continuing interest in digital assets and investment in them on the part of major companies will increase. In his opinion, in this case everything depends on the index of bitcoin social distribution – how popular it will be among the world’s richest people, among the owners of the world’s most famous companies.
In addition to the continuing bitcoin purchases by corporate giants, another trend is possible – creating their own cryptocurrencies, the expert says. Compared to 99% of all cryptocurrencies, these instruments will rely on the support of ongoing businesses, the expert added.
Join BitStil and take the quality of your living to a whole new level!


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Vauxhall Astra: How to get started and car features
Millberg London has reassured drivers they will “indemnify claimants against the risk of adverse costs” if the legal action order is unsuccessful. They warn this would “minimise personal liability” for claimants who join the group action against Vauxhall.
In a statement to Express.co.uk, Millberg London said they will “take on the risk” and pay upfront charges to start the legal action.
The statement said: “If Milberg London are not successful, our clients won’t be charged a penny.
"Milberg London and the litigation funder take on the risk and pay all the upfront and on-going costs including expert fees, Court fees and barrister fees.
“We also take out and pay for insurance against paying the defendant’s costs should we lose.
Up to one million Vauxhall owners could be affected by the legal action
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“Any order from the Court for the claimants to pay Vauxhall’s costs in the event of a loss would be met by the insurance policy.
“Should the policy not respond for any reason, Milberg London has agreed to indemnify claimants against the risk of adverse costs.
“By doing this, we have done everything we reasonably can to minimise any personal liability for clients.”
Millberg London has started the Vauxhall Pay Up campaign after losing more than a million owners may have had defeat devices installed on their cars.
Car tax changes will be a ‘déjà vu reality’ for drivers [COMMENT]
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Driving in snow tips: How to drive in snow - should you use high gear? [ADVICE]
Defeat devices are tools which sit in the car’s engine management system and trick emissions tests to show lower rates of emission than the real number.
This allows cars to meet tough Euro Standards before pumping extra pollution into the air when the car is being used on the road.
Millberg London claims Vauxhall owners have been “mis-sold” cars which were less than what drivers paid for them.
They say drivers were promised a combination of environmental impact and performance which could never be reached under real driving conditions.
Lawyers say the claim affects a range of popular models such as the Corsa and Astra built between 2009 and 2019.
The campaign will claim under the Consumer Protection from Unfair Trading Regulations which protects those who have been mis-sold products with misleading information.
The law states customers could receive between 25 and 75 percent of the purchase price back in compensation.
Millberg London added: “It is simple, costs nothing to take part, and is currently the only legal route for consumers who were affected.
“Anyone who is affected could be due thousands of pounds in compensation.
However, Vauxhall has denied the claims they use defeat devices in their cars at all.
In a statement, the manufacturer said: “‘Vauxhall Motors is not aware of any such claim and rejects any accusation of using illegal defeat devices.
“Our vehicles meet the applicable regulations.”


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Plant-based meat innovator Beyond Meat (BYND) has been one of Wall Street’s biggest standouts of 2020, with shares skyrocketing over 100%, thanks to strong retail figures.
Beyond’s increasing presence on consumers’ shopping lists has caught the eye of Credit Suisse analyst Robert Moskow, who is singing a different tune after new data was published.
“Contrary to our initial view, Beyond may emerge as a net beneficiary of the pandemic in the near-term due to strong demand in retail channel (48% of sales) and in the long-term due to rising consumer interest in healthier foods,” Moskow said.
According to a Hunter consumer survey, since the pandemic’s onset, the percentage of people tucking into healthier food has grown by 20%. Evidently, more people are becoming aware of the benefits of a healthy lifestyle, particularly as it pertains to the body’s ability to combat illness.
Moskow believes that after the pandemic’s demise, the trend will have a direct impact on Beyond’s long-term success. “We think the spike in at-home consumption will lead to stronger sales at restaurant chains as social restrictions ease off,” he commented.
What’s more, with a new Beyond product about to hit the shelves, the veggie patty maker has another catalyst to propel it forward. This summer’s launch of value packs with 10 plant-based patties at half the price of its current offerings will ensure Beyond’s “growth rate in retail will remain high.”
Beyond is slowly making inroads with consumers who are also returning for more. “Household penetration has more than doubled year-to-date to 3.7% and repeat rates have accelerated to 37% (from 32%),” the analyst added.
Accordingly, Moskow raises his price target for Beyond from $90 to $142. However, following its latest rally, the new figure implies shares could drop 7%. For now, though, the analyst maintains his Neutral (i.e. Hold) rating. (To watch Moskow’s track record, click here)
Street consensus rates Beyond a Hold, too, based on 3 Buys, 5 Holds and 5 Sells. The plant-based meat pioneer’s shares have been on a roll this year, and have left the analysts’ forecasts eating (veggie) mincemeat. Therefore, the current average price target of $91.56 indicates possible downside of 40%. (See Beyond Meat price targets and analyst ratings on TipRanks)
To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.


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MILAN — Domenico Dolce and Stefano Gabbana are to stand trial in court on Dec. 3.
Because they are charged with omitted and unfaithful earnings declaration, they are not to go through a preliminary hearing. The designers were originally absolved of the claims by a lower court in April 2011, but the Italian Supreme Court in November overturned that decision.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)


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Biden administration has challenged Intel’s plan to increase the chip production in China according to a report from Bloomberg. According to the reports Intel proposed making silicon wafers in a Chengdu, China factory, which could start production towards the end of 2022. However, Intel’s plans were strongly discouraged by White House officials due to potential security issues.
Since Intel needs to secure funding from the government in order to ramp up production, the administration’s opinion holds some weight on Intel’s path forward. Intel said it currently has no plans to produce silicon wafers in China after discussing it with government officials, and that it will instead consider other solutions.
In a statement to Bloomberg, Intel said: “Intel and the Biden administration share a goal to address the ongoing industrywide shortage of microchips, and we have explored a number of approaches with the U.S. government. One of these approaches may be to invest in factories to manufacture silicon wafers in the US and Europe, in line with the administration’s goals of manufacturing essential components within the US.”
The Biden administration remains skeptical about China’s use of technology. Biden recently expanded on existing policies from the Trump era that places restrictions on the government’s use of China-based brands Huawei and ZTE, as well as labels both companies as threats to national security.
Biden’s newly-signed legislation blocks the two brands from obtaining licenses from the Federal Communications Commission.


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D&M HOLDINGS BUYS REPLAYTV AND RIO BRANDS
At SONICblue's bidding process in U.S. Bankruptcy Court in San Jose,Calif., parent company of Denon and Marantz Japan, D&M Holdings,purchased assets from SONICblue's digital video recorder and MP3business units for $36.2 million.
D&M is purchasing inventory, receivables, intellectual propertyand capital equipment; the company intends to design, manufacture anddistribute its own line of ReplayTV and Rio products. D&M willmerge SONICblue's assets into a new digital-development group,tentatively called Digital Networks North America.
LOOK KIDS: IT'S COOL TO LEGALLY DOWNLOAD
In an effort to curb illegal downloads and promote its new downloadmusic service, Gateway has launched a Website, www.ripburnrespect.com, that is devoted toeducating music consumers about how to legally download music to theirPCs — most notably, to a Gateway computer. Additionally, TV spotspromoting Listen.com's Rhapsody service are set to air.
ICE-T HOOKS UP WITH KAZAA
For $4.99, Ice-T fans can buy his new release, Repossession,on the peer-to-peer file-sharing site KaZaA. The album will beavailable through a secure platform from Altnet, a company that haspartnered with KaZaA. Ice-T said that he hopes this move will“enable artists like myself to generate more revenue throughselling products ourselves.”
Send Your “Current” News to Sarah Benzuly at email@example.com.


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Akufo-Addo, representative of President Dr. Mahamudu Bawumia, spoke at the launch of PAPSS in Accra, Ghana, monitored virtually by the Nigerian Agency .
According to him, the innovative platform will save Africa more than five billion dollars annually in payment transaction costs, while supporting the operationalization of the African Continental Free Trade Area (AfCFTA).
He also commended the African Export-Import Bank (Afreximbank) and the AfCFTA Secretariat for establishing the payment system.
The Ghanaian president also praised the bank for citing the PAPSS as a major step in freeing the continent from over-reliance on external players and factors for a long-awaited acceleration in intra-continental trade and investment.
“This inauguration is the result of many months of hard work, determination and commitment to achieve the objectives set for the commercial growth of the continent.
“All central banks in Africa must now come together and ensure seamless transfer of funds by implementing this most practical and important African solution to an African problem,” he said.
He also praised the pan-African significance of Ghana hosting the event as an indication of the hard-won struggle for economic self-determination following the continent’s political decolonization more than 60 years ago.
reports that PAPSS, developed by Afreximbank, is expected to boost intra-African trade by facilitating the payment, clearing and settlement of cross-border trade across Africa.
Prof. Benedict Oramah, President and Chairman of the Board of Afreximbank, said: “We look forward to building on the AfCFTA’s creation of a single market across Africa.
“PAPSS provides the state-of-the-art official market infrastructure that connects African markets with each other, enabling instant cross-border payments in respective local African currencies for cross-border trade.
“Afreximbank, as the main settlement agent of the PAPSS, provides settlement guarantees in the payment system and overdraft services to all settlement agents, in collaboration with participating central banks in Africa.
“PAPSS will effectively remove Africa’s official borders, formalize and integrate Africa’s payment systems, and play a major role in facilitating and accelerating the huge AfCFTA-induced growth curve in intra-African trade.”
According to the head of Afreximbank, PAPSS provides the solution to the disconnected and fragmented nature of payment and settlement systems that have long impeded intra-African trade.
“Before PAPSS, more than 80 percent of African cross-border payment transactions originating from African banks had to be routed abroad for clearing and settlement through international banking relationships.
“That posed multiple challenges, ranging from payment delays to operational inefficiencies to compliance concerns for disparate regional payment systems.”
In his presentation, PAPSS Executive Director, Mr. Mike Ogbalu, emphasized that the payment system was not designed to compete with or replace existing payment systems.
He said it would facilitate the level of connectivity that brings all payment systems together in one interoperable, efficient and affordable network.
“PAPSS is designed to make our currencies recover value to tame payments within Africa on this journey to African prosperity.
“This is done while providing the superhighway that connects others to reach all parts of this continent as we seek to create the Africa we want.”
The Secretary General of the AfCFTA, HE Wamkele Mene, thanked the role and commitment of the Heads of State and Government of the continent through the African Union.
reports that the inauguration of PAPSS was witnessed by former President of Nigeria and Chairman of the Intra-African Area of Trade (IAFTA) Advisory Council, Olusegun Obasanjo, and HE Mahamadou Issoufou, former President of the Republic of Niger.
Also present were Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria and President of the Governing Council of the PAPSS, the representatives of the Presidents of Egypt and Uganda (and the Democratic Republic of Congo representing the President of the AUC.
PAPSS has been successfully tested in all six West African Monetary Zone countries and promises to bring multiple benefits and efficiencies to intra-African trade payments.
Short Link: https://wp.me/pcj2iU-3GQf


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SARASOTA, Fla. (WWSB) - The Department of Motor Vehicles is releasing a new license with better security features.
The new version doesn’t have the magnetic strip on the back and it has a new security feature.
Tax collectors offices around the state are already adopting the new design. They are hoping the new licenses will be available in every county by August.
Current licenses or identification cards do not have to be replaced unless they are expiring.


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Regardless of your opinion about the revelations that data stored by American businesses might not be afforded the level of privacy once assumed, public technology companies have to react in order to keep customers happy.
It’s still early days, but be on the lookout for your favorite technology company to begin touting its privacy policies. They have to; the reality is that many of them use your data in order to market products and services to you. Let’s take a look at a few different tech companies and how heavily they rely on user data to generate revenue.
A social stalwart
Facebook Inc (NASDAQ:FB) is trying to be transparent about government requests for information about its users. It recently released information about national security requests, which are demands from the federal government about data that could be used to investigate a person. Some of that same data is what allowed Facebook Inc (NASDAQ:FB) to book $1.4 billion in revenue in the first quarter, as it utilizes user information to sell targeted advertising.
What’s intriguing about Facebook Inc (NASDAQ:FB) is that it is betting on mobile to increase its $1.4 billion quarterly revenue. In fact, it recently reported a 54% year-over-year increase in mobile users. Yet, there has been some backlash to Facebook Home, the company’s mobile app for Android that is ranked with three stars. And as you can see from the chart above from mobile device management specialists Fiberlink, Facebook Inc (NASDAQ:FB) is a commonly blacklisted social networking mobile app. Could that be because of possible privacy concerns? Highly likely.
Where the ads are the secret
Public opinion about Google Inc (NASDAQ:GOOG) as a company remains high. A new movie, “The Internship” featured some middle-aged characters getting a chance to gain experience at what is portrayed as one of the best places to work, Google Inc (NASDAQ:GOOG). The company wants to keep public sentiment regarding the company very positive. That’s because it utilizes its users’ browsing data in order to make money with its AdSense advertising network product.
This makes positive public relations spin for the company incredibly important. During Google Inc (NASDAQ:GOOG)’s most recent earnings call, the company reported $5.8 billion in revenue in the United States alone. Consider that the U.K. made up $1.3 billion and the rest of the world $5.7 billion of revenue for Google Inc (NASDAQ:GOOG), it helps understand how important U.S. revenue is in the face of any privacy concerns Americans might have about their surfing habits being used to sell ads.
The bulletproof company
Lost in all the hullabaloo about “PRISM” is one technology company that seems to have escaped unscathed. Apple Inc. (NASDAQ:AAPL) is, by far, the biggest technology company in the world, but its focus on selling hardware has seemingly allowed it to operate under the radar of any sort of privacy concerns.
That’s fascinating, given that research suggests that Apple Inc. (NASDAQ:AAPL) is one of the biggest cloud-based services because of its media business. iTunes revenue topped $4 billion the most recent quarter. Yet, no one is overly concerned about Apple Inc. (NASDAQ:AAPL)’s privacy policies. That can mostly be attributed to the fact that Apple Inc. (NASDAQ:AAPL)’s cloud business is based around entertainment and media. This isn’t necessarily data that the public is overly concerned about becoming compromised — unless they are putting sensitive items on iCloud.


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When Microsoft released the Xbox One in the UK there was a fear that its price was going to put potential buyers off, and reports that the PS4 has been outselling it 3-1 might be proof of that, However, there are other factors that have caused this huge gap in sales between the two, but price has to certainly be one of them.
Thankfully some UK retailers have started to respond to this and have started to offer an Xbox One price drop, and although it’s just £20 0ff the RRP, we see this as a sign that others will follow.
From what we can ascertain there are just two online UK retailers offering this Xbox One price cut, and those are The Hut and Zavvi. OXM says that so far Microsoft has not commented as to whether this is all part of a price war between the PS4 and Xbox One, but it would certainly be nice this close after Christmas.
However, this could be bad news for the PS3 and Xbox 360, as it is clear that sales have started to slip, although there are rumors that these consoles could be reduced in price from next month.
Have you seen any other stores offering a price reduction for the Xbox One?
*Identifying Monetised Links - outgoing links that we monetise are marked with an '*' symbol.


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German Doner Kebab announces opening date in Aylesbury
and live on Freeview channel 276
German Doner Kebab opens in Aylesbury next Monday (August 16) new signposting outside the restaurant shows.
The international takeaway chain revealed it was opening a new store on Cambridge Street earlier in the summer.
Now the restaurant which describes its kebab's as of premium quality has an official launch date in town.
The restaurant chain is still advertising for vacancies at the Aylesbury store on its website.
Aylesbury is one of many new sites that will soon be gaining a new takeaway option, earlier in the year the international chain revealed it was hoping to open 47 new UK restaurants by the end of 2021.
The Franchise describes its services as: "Kebabs. Done Right." It advertises, "Gourmet Doner Kebabs made using premium lean meats, served in handmade toasted breads with signature sauces."
The Franchise was launched in Berlin in the late 1980s by Turkish immigrant Kadir Nurman. Since then the franchise has expanded across the world. Now German Doner Kebab restaurants can be found in the United Arab Emirates, Egypt, Sweden and the United States, among other nations. Prior to the latest expansion there were 76 confirmed restaurants in the UK.
CEO Imran Sayeed said: “We have been extremely agile during the pandemic and there continues to be a huge demand for our game-changing kebabs.
“Our plans will almost double our portfolio and create in the region of 1,800 jobs as we continue to disrupt the market space and maintain our mission of building the fast-casual brand of the future.”
A spokesperson for the restaurant chain added: "German Doner Kebab is revolutionising the kebab in the UK, bringing a fresh, high-quality taste sensation that has made it the number one spot to enjoy a kebab.
"Freshly prepared in front of customers, the game-changing kebabs are made using premium, lean, succulent meats and fresh local vegetables, served in handmade toasted breads with unique signature sauces.
"Once opened, German Doner Kebab will offer a full dine-in experience as well as takeaway and click and collect. delivery will be available through German Doner Kebab's delivery partners."


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Young Female Entrepreneurs of Afghanistan
Amidst the humanitarian crisis in Afghanistan, the University of Central Asia organized its first Entrepreneurship Programme Leaders exhibition to display products produced by the graduates of the School of Professional and Continuing Education (SPCE) in Faizabad.
Over 100 SPCE learners, their families, and representatives from local banks attended the exhibition encouraging female entrepreneurs to showcase their exceptional skills and products.
“We did not expect to sell any of our confectionary items, but ended up making 100% profit at the exhibition,” said Khajistan Farjam and Mahasiba Azimi, SPCE graduates.
SPCE offers entrepreneurship programmes to enable young Afghans to generate incomes by establishing small or medium scale businesses. A diverse range of products were exhibited including confectionery, clothes, dairy products, paintings, homemade soaps, and food items.
“Alhough I learned technical skills of producing dairy products from the Aga Khan Foundation, I lacked understanding of establishing a business. SPCE provided me with knowledge to develop Unique Selling Points, which helped me launch my business. I ended up making 300% profit during the exhibition," said Hamisha Bahar.


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Queen's News Centre goes mobile
Smartphone users now have the ability to stay in touch with Queen’s wherever they go, thanks to a new mobile site that features access to the Queen’s News Centre (QNC), events calendar, people search and more.
“This will enable everyone to get the latest Queen’s news on their mobile devices,” says E-Communications Manager Robin Moon. The QNC is the Queen’s site that is most often accessed using mobile devices.
The new site – http://m.queensu.ca – allows Blackberry, iPhone, Android and other Smartphone users to easily access information in a mobile-friendly format. Senior Web Developer Graham Stratford and the other members of the electronic communications and creative services teams have been working on the new site for several months.
“You have to make a design that works across all mobile platforms, which is tricky,” says Mr. Stratford. “We’re happy to get feedback and will provide a feedback link so users can let us know what the experience is like and provide their comments, both positive and constructive.”
The site also features links to the Queen’s Facebook, Twitter, and YouTube channels, alerts and safety notices, and Principal Woolf’s blog.


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Shares of Tod's SpA (TDPAY) surged more than 17% in Milan after the founding family of the luxury shoemaker reportedly joined forces with L Catterton, a private equity firm, in a renewed effort to take it private.
According to Bloomberg News, the proposal values Tod’s at roughly €1.4 billion ($1.5 billion).
Backed by LVMH, a major French luxury conglomerate, L Catterton has announced its intention to buy shares from certain shareholders at €43 each, it said in a statement Sunday. This offer is 18% higher than the share price at the close of trading on Friday.
Tod’s, renowned for its signature leather driving loafers, has been striving to maintain its relevance in a luxury market that is quickly evolving and increasingly dominated by larger entities. The parties involved believe that privatizing Tod’s will enable quicker decision-making and more flexibility in pursuing opportunities for growth.
Following the proposed transaction, the Della Valle brothers, who are the current majority owners of Tod’s, plan to retain a 54% share, while selling a stake to L Catterton.
The statement from Sunday indicates that L Catterton is set to invest around €512 million to acquire a 36% interest in Tod’s. Meanwhile, LVMH will keep a 10% stake post-transaction.
However, analysts at Citigroup have suggested that some investors might view the offer as insufficient, especially after the past 12 months’ turnaround by the shoemaker and hidden value at its Roger Vivier brand.
Diego Della Valle, Chairman of Tod’s, said delisting from the stock exchange represents “the most appropriate strategic choice” and would “provide further benefits to the future development of Tod’s Group, built through continuous investments and challenging goals.”Read more on investing.com


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Each year, more people use the internet to find entertainment they were previously unable to access. The same goes for gambling online. A trip to the casino or a sportsbook is no longer necessary and gambling is just another activity that no longer requires leaving the house. Today, we have two popular forms of online gambling: sports betting and online casino games! In the last few years, you have probably seen many bonus offers, such as Bethard Welcome Offer and other betting opportunities on online sportsbooks if you have been on social media or watched on game day. The ads depict sports gambling as a way to socialize and engage with your friends while playing. It is not surprising sports betting is becoming more popular than ever.
Online Betting Industry
Betting on the internet is undergoing significant changes, which will enhance its growth in the future. Currently, the market is valued at $67 billion, and it is predicted to reach $93 billion by 2023. The growth rate is roughly 11.5% annually. In order to bring about this growth, two trends need to be considered. Firstly, we spend an increasing amount of time online, including time spent on betting. The second is loose regulations all over the globe.
Sports betting was legalized on the federal level after the U.S. Supreme Court, which brought about the Professional and Amateur Sports Protection Act in May of 2018 as a result. In the ensuing years, over two dozen other states have followed suit, bringing the total number of states to twenty-five. Ultimately, legal industry profit is the goal.
This year’s Super Bowl has been predicted to attract stakes of $4.3 billion. 23,2 million Americans plan on betting on the game. In the upcoming year, 7.6 million people plan to bet online, an increase of 63% over last year. By 2023, sports betting is projected to generate six times more revenue than it did in 2020, with revenues reaching $1 billion. In the event that all 50 states legalize sports betting, revenues could exceed $19 billion a year. Media and tech startups will compete for consumer attention to create new billion-dollar marketing niches.
The Most Popular Types of Online Betting
The online betting market is divided into several different categories. With 32% of all online betting activity going into casinos, it is safe to say that it is among the most popular ones. It appears that casino games like blackjack have the same appeal online. At 4.5%, bingo is a much less popular online version of the game. Sports betting is by far the most popular gambling activity on the Internet, generating $66 billion in value each year.
Betting On Betting
It is truly astounding how much money is bet on sports. A total of $57 billion has been wagered on legal sports since the Supreme Court’s decision, and a bizarre $4.1 billion has been earned in revenues. In addition, $571 million in tax revenue has been collected. In addition, these statistics represent activity in roughly 20 states. A total of 40 states are expected to participate in the industry in a few years. As betting surges, investing has followed. Investing in betting appears to have become a trend.


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GAFAs in better shape than ever despite the entry into recession of the US economy
Sylvie Claire / July 31, 2020
The American economy has entered a recession and industrial groups have lost billions, but Silicon Valley is resisting the pandemic and even posting insolent profits, like revenge the day after a hearing where American elected officials accused them of all the ailments.
Written on Wednesday on respecting the competition, Google, Apple, Facebook and Amazon on Thursday released quarterly results largely beyond market expectations, showing how the digital economy is emerging from the pandemic.
Amazon emerges in the second quarter with $ 5.2 billion in net income, double that of a year ago, despite its 4 billion in operating income directly invested in managing the health crisis.
"We have created more than 175,000 jobs since March […] and sales by third parties have again grown faster than direct sales from Amazon," prided his boss Jeff Bezos, attacked the day before on his dual role of judge and party on the online sales platform.
The group has increased its delivery capacity by 160% and plans to invest two billion more to protect its employees and respond to the explosion in demand.
For Apple, Facebook and Google, analysts predicted slowdowns, because of the guesswork and also cuts in the advertising budgets of advertisers.
Not even hurt
But visibly unaffected, the iPhone maker posted nearly $ 60 billion in sales (+ 11%), and more than $ 11 billion in net profits, two billion more than expected. Facebook's revenues also climbed 11% to $ 18.7 billion, from which the California-based company took out more than $ 5 billion in net profits.
The opportunity for his boss, Mark Zuckerberg, to recall the major role played by the platforms during the Great Containment, the day after a session of virulent questions from politicians on his monopoly position.
“Imagine living this pandemic two decades ago, when the internet was born. Facebook did not even exist. […] You would have had no connection with your friends and the economy in general,” he said. assaulted during a conference call to analysts.
He even allowed himself to judge very disappointing that "the Covid-19 is gaining ground quickly in the United States", "because it seems that (the country) could have avoided this wave if our government had managed the situation better. « .
Only Google is backing down
Alphabet, the parent company of Google and YouTube, is the only one to have stumbled. Its net profit reached nearly $ 7 billion, three billion less than last year.
The world leader in online advertising is more exposed than Facebook to large advertisers, such as tour operators, whose revenues are collapsing due to the coronavirus. Its revenues fell some 2% to $ 38.3 billion - a billion more than expected on Wall Street.
Not even afraid
Alphabet CEO Sundar Pichai said he saw "the first signs of stabilization." "But of course, the economic climate remains fragile," he added, as outbreaks of Covid-19 again force some officials to take targeted containment measures.
For Facebook or Amazon, the return to "normal" is not necessarily reassuring. The global social network, now used by nearly 1.8 billion people daily, acknowledged that its active user counts could "drop slightly" in the third quarter.
Facebook is also boycotted at the moment by hundreds of companies because of its moderation of content deemed too lax, but the consequences for its revenues will undoubtedly be limited.
Amazon at the top
Amazon has also set the bar high. "Our revenue in the second quarter was higher than the fourth quarter (the holiday season), which is unprecedented," admitted Brian Olsavsky, chief financial officer of Amazon. But according to GlobalData Retail analyst Neil Saunders, "These phenomenal results prove how shopping habits have changed during the pandemic, in the United States and around the world. »
Apple, for its part, has confirmed the release of its new smartphone this fall, but a few weeks later than expected.
Nothing to worry analysts about. “The stage is set for pent-up demand for the iPhone 12 to explode this fall for the iPhone 12,” said Daniel Ives of Wedbush Securities. "They have too much power," said David Cicilline, the elected Democrat who led the GAFA hearing the day before. "Some must be split, all must be better regulated and made responsible". Threats that already seem distant.
Credit : RTBF


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The automotive industry has been hit by a series of disruptions, from pandemic to war, so what is the outlook for automotive supply chains in 2023? Andrew Austin, group operations director at Priority Freight, says OEMs need the services of a complete end-to-end logistics provider
Any single global event is enough to threaten the fragile automotive supply chain, which relies on the just-in-time (JIT) model to function most efficiently. Yet the industry has endured and survived more than its fair share of challenges in recent years. First, Brexit bought new regulations, practices and driver shortages. Then Covid-19 caused closures, lockdowns and scarcity of supply, and created a ripple effect across worldwide logistics.
As Europe began to live with the ‘new normal’ it was rocked by the Ukraine conflict, which created a wiring loom crisis so great it is now overtaking the semiconductor crisis as the automotive industry’s most problematic supply chain issue. In addition, the no-fly zone over Russia has meant that the route previously used as a shortcut between the industry’s two biggest automotive continents – Europe and Asia – is no longer viable, requiring a painfully long and costly detour.
Rising tension between China and Taiwan introduces new concerns for automotive supply chain stability, mainly because of Taiwan’s global dominance over the production of semiconductor chips. In reaction to the 2021 chip shortage, many OEMs investigated the viability of producing their own chips, but very few, if any, have moved away from reliance on the Asian markets for supply. There is much debate about nearshoring and its potential impact on automotive logistics. Even if manufacturers follow this path, it certainly would not be a suitable solution for all components. At Priority Freight, we are confident that demand for various logistical solutions will likely remain stable.
So, what will the future look like for automotive supply chains? Will we see a return to pre-pandemic patterns and methods of working, or is the industry evolving in a new or improved direction in a bid to survive recent (and future) global challenges?
Air: Charter, craft and cargo
Air charter has proven itself as a vital tool for time-critical logistics over the past few years. As belly capacity is still slow to return to its pre-pandemic rate, we have observed that companies continue to favour chartering aircraft over the use of air cargo. Supply chains have changed dramatically, and Priority Freight has had to adapt by creating innovative solutions and turning to other (sometimes multiple) modes.
We saw an initial increase in the number of air charters organised as a result of Brexit and the pandemic, and while we expected volumes to ease back over recent months, they have actually increased further. These customers tend to be in the automotive manufacturing sector, where disruption to the supply chain could result in costly delays and potential downtime. Without the use of air charter, it would take days for parts to reach their desired location rather than the hours that are required for time-critical deliveries.
Despite new players entering the market, there remains a lack of suitable aircraft for the dedicated air charter market. The limited availability of certain types of aircraft continues to be an issue for the industry as the demand for capacity continues to outstrip supply. This is especially the case with the larger airframes designed for oversized cargo. This, coupled with the European Union Aviation Safety Agency (EASA) ending the Cargo-In-Cabin agreement in July last year, is pushing commercial rates up even higher. In air charter, more than any other area of the logistics industry, there is a constant balancing act between urgency and cost. Given the continued external time pressures, the financial implications of air charter are often outweighed by the cost of stopping production.
Flying ahead of the curve
OEMs who are currently ahead of the curve are those employing the services of a complete end-to-end provider, such as Priority Freight, for their logistical movements. We provide greater scope for flexibility, access to a wider choice of solutions and alleviate the administrative burden associated with complex, cross-border shipments.
Changes because of Brexit and the vast shipping container crisis that started last year have also impacted the way goods are handled, as well as creating an inevitable backlog of products. However, some positives have also emerged from this situation. At Priority Freight, we have welcomed the acceleration of digital processes that were created out of necessity during the pandemic but have now become standard practice. We’ve also noticed a change in the way companies approach shipments, with more choosing to secure longer-term contracts for air charter rather than responding ad hoc. This kind of forward planning can reduce uncertainty around availability and make costs more manageable for our clients.
Demand for air cargo is likely to remain high as forwarders continue to meet the needs of a rapidly evolving and globally distributed automotive sector. The ongoing issues with sea freight will undoubtedly drive the continued popularity of air charter as companies seek ways to transport goods further and faster to keep up with demand and reduce downtime.
Some speculate that rising inflation may lead to a reduction in demand for air cargo as finance departments tighten their belts, but for the automotive sector, at least, air cargo costs will always be more cost-efficient than production line stoppages. Demand for air freight from the automotive industry will be very much driven by the consumer. While the demand is there, OEMs will scale up their logistical needs, and we will respond accordingly.
In recent months, the road haulage sector has had to contend with increasing fuel prices pushed even higher by the Ukraine crisis, ultimately at a cost to the end client. Despite these multiple barriers to optimism, we are seeing a general improvement in capacity, pricing and confidence in the road haulage industry from both fleet operators and customers.
At Priority Freight, we see great value in road haulage itself and its critical role in multimodal solutions. Complete end-to-end solutions such as this keep the road haulage sector in favour and reduce reliance on less environmentally friendly solutions. However, road haulage is not always the best fit for the JIT model for obvious reasons.
So, are multimodal solutions the answer? We always propose general air freight, multimodal solutions or even on-board couriers if necessary and only ever suggest air charter when no other solution is viable given the business-critical nature of the job.
As the EV revolution gets into full swing, Priority Freight is embracing new challenges, such as the safe transportation of large, heavy and dangerous lithium-ion batteries. For safety reasons, they often cannot be stacked, and this, along with their density, means few can be transported at any one time. We are continually working with the air cargo and automotive industries to find ways to ensure a safe and cost-effective method of shipping these complex but vital components that will power future mobility.
Priority Freight recently moved a one-of-a-kind supercar concept which was powered by one of the more experimental power sources in development. This was a challenging but fun problem to solve and one that automotive logistics experts like us will have to become adept at managing in the future as vehicles powered by alternative means become more commonplace.
The ultimate goal of the past few turbulent years has remained the same from an automotive supply chain perspective; get the goods from origin to destination as quickly and efficiently as possible. And that is unlikely to change any time soon. It’s most likely that JIT manufacturing will remain the norm, and automotive supply chains will need to rely on the timely transport of goods by air to maintain supply chain integrity.
The big question most manufacturers will ask is, what is consumer confidence likely to be over the next six to 12 months, given recent global and geopolitical developments? This will be the main driver for how OEMs plan their logistical requirements over the coming year.


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Google has announced the latest update to their Gmail mobile web app — Priority Inbox. And the good news here is that this will be ready and available for most mobile browsers, well, most as long as they support HTML5. That said, two that we can say with certainty include Android devices running Android 1.5 or later and iOS devices running iOS 3.0 or later. Of course, this new found support does come with a limitation in that you cannot set up Priority Inbox or mark messages as important or unimportant from the mobile app. Basically, this will allow you to see the Priority Inbox, think read only for now, but hey its a start. With that, in order to check out the latest version of the Gmail mobile app on your smartphone, fire up the browser and head to gmail.com. Once there you can click “Menu” and you should see your Priority Inbox.
Via [Google Mobile Blog]


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Confirmed Honor Devices
- Honor 20 (Previously confirmed)
- Honor 20 Pro (Previously confirmed)
- Honor 20 Lite (Previously confirmed)
- Honor View20/V20 (New)
- Honor 10 (New)
- Honor 10 Lite (New)
- Honor 8X (New)
Note: This is not the final list of devices, as there are more Honor smartphones that’ll join this league.
Huawei previously said the EMUI 10 will be announced on August 9 at Huawei Developer Conference 2019. It’s expected to rollout soon after the stable release of Android Q, which will also happen in August.


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There are few fields that have embraced the marketing potential and self-mythologizing power of machine learning as readily as marketing.
Indeed, few industries seem more perfectly matched to this particular cultural moment of hype, obfuscation, outsized claims and flim-flammery as the modern sales industry.
So it’s little wonder that an industry that was always more art than science — or rather about the commodification of art in the service of the science of the sale — would embrace the mechanics of machine learning to emotionally manipulate an audience to sell more stuff more effectively through email and social media.
That’s what Persado, the machine learning company that previously raised $30 million from Goldman Sachs and a slew of others, is announcing today along with a new $30 million credit facility from Silicon Valley Bank to boost its own marketing reach.
No longer is Persado’s automatically generated sales copy “cognitive,” it’s now “emotional.” The company says its new tool uses deep learning algorithms to create an emotional profile for individual users based on previous campaigns, then generates corresponding language to personalize the message.
Basically, the software identifies what messages made suckers click through direct marketing ads before, then uses that information to build out a profile of how readers respond to certain messaging.
The company is also expanding its suite of marketing tools to a broader swath of messaging platforms, including social media.
Assaf Baciu, Persado’s co-founder, says that the messaging campaigns work no matter how awful the subject of the pitch. The last time we spoke, he put the efficacy of Persado’s messaging at about 50 percent higher than if companies didn’t use the software.
The company has identified pride, trust, anticipation, joy and fear as the key emotions that marketers need to play on to get a response from customers. Apparently, everyone fits into one of these buckets, something that I’m afraid I’ll happily look forward to sneering about for days to come.
The company’s new toolkits come in two separate sales levels. “Persado Enterprise” includes options for email, display advertising, social advertising, landing pages, SMS and push notifications in as many as 23 languages. Meanwhile, “Persado Professional” packages give individual marketers tools to better write the perfectly crafted marketing pitch using the company’s software insights.
So even if a marketer isn’t replaced by a machine, they can still use the machine’s insights to act like one.
The future is awesome.


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The Maserati GranTurismo got a small update for the 2018 model year, but if you’re hoping for an all-new model, you’ll have to wait until 2020. The current-generation Maserati GranTurismo has been around since 2007, but a new report claims that we still have to wait until the car is well over a decade old for a new one.
It was originally reported that the new GranTurismo would arrive by 2018, but delays with the GranTurismo’s platform have pushed the launch back a few years. The new GranTurismo will ride on a new platform that will be the basis for several models, even possibly the the production version of the Alfieri.
Maserati has yet to release any details, but the new GranTurismo could be previewed by a concept version sometime next year.
Source: Car Magazine


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Apple closed down AirPort section on '
- It would appear that Apple will stop the development of its AirPort routers. According to AppleInsider, the team working to shut down AirPort and his staff put on more lucrative projects.
In addition to the AirPort Extreme and AirPort Express is the shutting down of the AirPort team probably bad news for Apple's backup and network Time Capsule. The people who worked previously been transferred to these devices to other departments. So the Apple TV team has been given a boost.
Especially the timing at which Apple get off the router market is remarkable. Competitor Google just recently announced its own router. Apple released the first own router, AirPort Extreme, in 2003.
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The Samsung Galaxy S22 smartphones, which offer exceptional low-light performance and cutting-edge Nightography features, are undoubtedly among the best camera phones on the market. The South Korean business has updated the Expert RAW software. Now, it includes astrophotography and Multiple Exposure capabilities to the Galaxy S22’s camera. Here are some specifics.
Multiple Exposure and Astrophotography Modes will arrive to Samsung’s Galaxy S22 devices running OneUI 5.0, the company has said (via GoAndroid). Additionally, the business publicly unveiled Camera Assistant, a new app.
The Pixel series is frequently cited as one of the top smartphones for taking astrophotography photos of the stars. Samsung has recently introduced a new Astrophoto feature for the Galaxy S22 series, so it seems the business has something to say about it.
Also Read: What To Do In Case of ‘SIM Not Supported’ Error On iPhone 14?
Users will be able to take crisp pictures of constellations and other nighttime sky activity using the Astrophotography Mode. Users must enable the new Sky guide feature for this mode to locate constellations, solar systems, and clumps of stars. The device’s camera will then take pictures over a certain time period. That’s where Samsung’s cutting-edge AI segmentation technology and multi-frame processing depending on the motions of the celestial bodies comes in. Users can select a shutter speed in the Astrophotography Mode between UW 30 sec, W 20 sec, T 15 sec, and ST 4 sec.
Also Read: iPad Pro Getting DaVinci Resolve Thanks To Its New Configurations.
Contrarily, the Many Exposure Mode allows users to capture multiple photos of the same scene and combine them into one larger image. In the more recent version of the Expert RAW camera software, you can access the two news features from the Special Photo area.
Summary about the new Expert RAW update
- A new version of the Expert RAW software for the Galaxy S22 has been released by Samsung.
- Users may now take photos of the night sky with the app’s new Astrophoto function
- Multiple exposure is another creative option that the Expert RAW software adds.
- The new Camera Assistant feature, which is accessible through Good Lock, is also highlighted by Samsung.
Sources:– Androidcentral, Gizmochina


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Singapore Inflation At 7-Month Low On Weaker Transport Costs
(RTTNews) - Singapore consumer price inflation eased at the end of the year to the lowest level in seven months, largely due to a moderation in private transport costs, while core price growth remained steady, data published by the Monetary Authority of Singapore, or MAS, and the Ministry of Trade and Industry showed on Wednesday.
The consumer price index, or CPI, climbed 6.5 percent year-over-year in December, slower than November's 6.7 percent stable rate of increase.
Further, the latest inflation rate was the weakest since May 2022, when prices had risen 5.6 percent.
At the same time, MAS core inflation held steady for the second straight month at 5.1 percent, as softer rises in retail and other goods as well as electricity and gas were offset by higher prices for food and services.
Month-on-month, core consumer prices rose 0.6 percent, and overall consumer prices moved up 0.2 percent.
Read more: Singapore Exports Slump 20.6% On Weaker Demand
Among the main categories, prices of electricity and gas grew the most, by 16.5 percent from last year, but slightly below the 16.7 percent gain in November.
Private transport inflation slowed to 15.5 percent in December from 17.2 percent, which had the greatest impact on the overall easing trend in inflation amid a reduction in prices for cars and petrol.
Accommodation cost growth eased marginally to 4.7 percent from 4.8 percent, due to a softer rise in housing rents.
Services inflation increased to 3.7 percent from 3.6 percent, and food inflation accelerated to 7.5 percent from 7.3 percent.
During the year 2022, consumer price inflation stood at 6.1 percent versus 2.3 percent in 2021. Over the same period, core inflation accelerated sharply to 4.1 percent from 0.9 percent.
Read more: Singapore GDP Growth Weakens Sharply On Lackluster Manufacturing
Looking ahead, Singapore's imported inflation is expected to remain firm for some time, as wage pressures remain high in major advanced economies due to tight labor markets, and food and energy prices continued to remain elevated despite some easing.
There will be further increases in unit labor costs along with robust wage growth on the domestic front in the near term, and the cost of utilities is likely to remain high.
MAS Core inflation was projected to stay elevated in the first half of this year before slowing more discernibly in the second half of the year, as the current tightness in the domestic labor market eases and global inflation moderates.
For 2023 as a whole, taking into account all factors including the GST increase, headline and core inflation are projected to average 5.5-6.5 percent and 3.5-4.5 percent, respectively.
There are upside risks to the inflation outlook, including from fresh shocks to global commodity prices and more persistent-than-expected external and domestic sources of inflation, the report said.
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Hillhouse Capital has established a China joint venture with Fanatics, a US-based sports retailer that specializes in licensed sports apparel.
Michael Rubin, executive chairman of Fanatics, shared a CNBC report via Twitter that suggested the joint venture could be worth $1 billion. Fanatics, which was established in 1995 and bought by Rubin...
Fiture, a Chinese developer of artificial intelligence-enabled home fitness devices, has raised $300 million in Series B funding led by All-Stars Investment, Legend Capital, DST Global, and Coatue Management.
Arrail Group, one of China’s largest dental services providers, has raised close to $200 million in Series E funding led by Temasek Holdings.
TuSimple, a China and US-based developer of autonomous driving technology for trucks, traded flat on debut following a $1.35 billion IPO at a market capitalization of $8.5 billion.
Alpha JWC Ventures is targeting $250 million for its third Indonesia-focused venture capital fund, with the International Finance Corporation (IFC) proposing a commitment of up to $20 million.


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This morning, Xiaomi founder, chairman and CEO Lei Jun attended the HICOOL Global Entrepreneurs Summit and delivered a keynote speech. According to the Beijing Daily, many Mi fans wonder whether Xiaomi products will increase in price once they enter the high-end market.
Also Read: Lei Jun Shows Batch Of Engineering Machines He Used In 2019
The report pointed out that Lei Jun said that many people persuaded him to sell more expensively. But Xiaomi must use high efficiency to promote it, and will always adhere to the cost-effectiveness. No matter how high-end it is, it will be especially value-added and will also insist on doing the best. ‘After clarifying the mind, Xiaomi will definitely make the coolest products, instead of simply pursuing profit and profit growth.’
Lei Jun also reiterated that ‘in the future, we will continue to adhere to the ‘three iron rules’ that Xiaomi will never change: technology-oriented, cost-effectiveness-oriented, and the coolest products.
Xiaomi debuted on April 6, 2010. Although Xiaomi has never made a smartphone, they have a big dream: to make the world’s best smartphone at half the price, so that everyone can afford it.
What Is Xiaomi’s Profit Margin?
In addition, on the eve of Xiaomi’s IPO, on April 25, 2018, Lei Jun held a press conference at Wuhan University and announced a board resolution: Xiaomi’s hardware comprehensive net profit margin will never exceed 5%. If there is any excess, the Mi users will get it back fully.
Lei Jun said in a public speech on the 10th anniversary: ‘After Xiaomi went public, capital will definitely force Xiaomi to create ‘excess’ profits. I am confident that I can handle such pressure, but I am particularly worried. One day I will stop being the CEO, can Xiaomi’s management continue to make good products that are ‘touching people and at a good price’? After much deliberation, there is only one way: that is to solidify this mission in the form of legal documents – permanently limit the hardware net profit margin.’


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Chronic disease management platform Hello Heart will now integrate with LifeScan OneTouch meters as part of its program for diabetes management.
The Redwood City, California-based company started out in hypertension, but has been expanding into diabetes for the past year. OneTouch meters, formerly owned by Johnson & Johnson, are the first of a handful of glucometer brands the company intends to support.
Hello Heart is a chronic disease management platform that focuses on two main differentiators from competitors, CEO Maayan Cohen told MobiHealthNews: it is purely digital, eschewing human coaches, and it guarantees patient privacy — data is shared with physicians only at the patient’s request, and only aggregated, deidentified data is shared with employer clients.
“I think that’s one of the key factors to getting to all people with chronic conditions, and not only the ones who really want to be active and are very open about their health, but the ones that are actually in denial about it or have a lot of fear and shame around their condition, which is a very big component of chronic disease,” Cohen said.
WHAT’S THE IMPACT
LifeScan meters have significant market penetration, so a number of patients already use them. Additionally, the OneTouch meter is considerably smaller than the branded glucometers from competitors like Livongo.
“Basically, patients don’t have to learn new technology,” Cohen told MobiHealthNews. “They can continue to use a glucometer that looks exactly like the glucometer they now have. It’s small, fits in their pocket, very trusted and very familiar, but it now connects to the Hello Heart app where they can get explanations of their sugar level readings, [and] our advanced algorithms can identify whether their sugar level moved to high or too low. And if it’s too high or too low over time we will recommend that they talk to their doctor to adjust medication. So we give them the tools they need to improve their condition.”
Hello Heart will also send replacement test strips directly to the user’s doorstep, using an algorithm to predict when they will run out. If that fails, the ubiquity of the device is another strength.
“You can find it in every CVS or Walgreens in case you run out of strips or something like that,” Cohen said. “It’s everywhere. And in terms of reliability, it’s the number one selling meter, it’s been out there forever. They’re a very known brand both to patients [and] employers, and very reliable in terms of … accuracy, which was also very important to us.”
WHAT’S THE TREND
Hello Heart counts itself in a growing and competitive field of companies like Omada Health and Livongo (which recently published early data about its hypertension product) that are focused on using digital tools to help people manage and prevent chronic disease.
Lately, companies in this space have been expanding at clients’ behest to cover more disease states, chief among them hypertension and diabetes. Hello Heart’s move into the latter will help it to compete with its peers.


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Another Broken Egg Café, like many experiential restaurant brands, has been caught off guard by the pandemic. CEO Paul Macaluso joined in late 2019, just in time for a panicked race to determine delivery of the brand’s 92 locations as crowded dining rooms emptied.
“Revamp is a good word; there was nothing there. I was at McAlister before, we launched online ordering five years ago, and I did at Krystal before that. But we had to get it off the ground,” Macaluso said. “We contacted Olo, launched this in 30 days. We were all closed so we had nothing else to work on – it was survival. We launched right away with a few third-party companies, now we have four or five.
Prior to all that work, the idea of ordering a delicate Egg Benedict or a watered-down cocktail breakfast for delivery probably felt like a wild ride, but Macaluso said the team got the hang of it, and today orders out site represent 15% of sales. . That’s a dramatic increase from the small mix of catering and take-out items that accounted for 2% of sales in 2019.
Another broken egg bounced back quickly after an aggressive push to update offsite systems and processes, Macaluso noted. Last year, same-store sales were up 24% from 2019, and the strong performance has continued this year, although inflation has kept growth in the lower double digits.
Off-premises channels, however, remain stable even as dining halls return to full capacity. Macaluso said he was still interested in the delivery customer. Even in this fragile macro environment, they are not slowing down.
“It hasn’t gone down, which is so interesting; they pay extra. They can order and pick up, but the majority order delivery. It was a bit of a surprise; it has not increased dramatically but has not decreased either,” he said.
He credits Another Broke Egg with helping Another Broke Egg deliver the premium off-site experience its customers have come to expect: technology, quality packaging, and smarter operations.
The Right Tech Stack
Updating the tech stack in the restaurant was critical to off-premises success. The brand switched its point-of-sale system to Revel, and Macaluso highlighted the need for an open API to plug in all the modern tools needed to keep onsite and offsite operations running seamlessly.
Getting digital orders into the kitchen was just one aspect, but given how busy dining rooms are, he said it was important to see exactly what was happening in restaurants. He also moved the brand to the Wisely customer intelligence and engagement platform, which is now part of Olo.
“It also includes the number of online orders that come into the cafe. Some of our cafes achieve 20% of off-premises sales. We now have a more holistic view of all things that hit the kitchen. It took us two years to sort this all out,” Macaluso said, noting that the last restaurant was updated in April.
This brand’s new technology stack enables better operations, especially connecting with customers. “We can see this person has come in four times in the last year, one through DoorDash and three in-person visits,” Macaluso said. “But then that’s how do you operationalize it?”
The team is just starting to do some of this, but it can already see, via a Wisely poll, if anyone has had a bad experience. The staff can give them a little treat and thank them for giving the restaurant another chance. If a customer still gets the special of the week, staff can highlight current limited-time offers or tease some of the new upcoming LTOs to entice another visit.
On the delivery side, Macaluso said maintaining a premium level of service meant keeping a close eye on platform capacity. He said some marketplaces were disabled on various third-party platforms that either had issues or couldn’t guarantee a certain level of service.
“There are a few key metrics: delivery times, how long it takes to show up. The other is the acceptance rate. Sometimes they reject an order because they don’t have enough drivers Macaluso said.
Monitoring platform performance is especially important because customers don’t always understand who is doing what. If an order is rejected, the customer tends to blame the restaurant, so they have an upset customer on top of the wasted food and packaging.
Experience extends to packaging
Macaluso said the company has invested in high-quality food and beverage packaging, which not only helps food quality but also better communicates brand quality.
“You have to have really good packaging; we are a premium brand, so we can invest in packaging. We have many Benedicts. If you put a poached egg on something, it will continue to cook. By the time it reaches you, it’s fully cooked,” Macaluso said. “We have our eggs in a separate container; it’s in the same box but it’s in a secondary container.
Likewise, the company packs all pancake, waffle, and French toast toppings in a separate container so nothing melts and customers can assemble it themselves.
As for drinks, he said 49% of locations can deliver alcohol and demand for boozier brunches has drawn in customers. Fountain cups or basic packaging wouldn’t carry the premium branding, so the company purchased what Macaluso calls “adult Capri-Sun” pouches for beverage delivery. More than 10% of offsite orders include at least one alcoholic beverage, a nice margin boost, and the punctuation washed down with a premium breakfast delivery experience.
A version of this story originally appeared in Food on demanda sister publication of Franchise Times.


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On January 22, Gateway Food Co-op members voted 106-0 to dissolve their co-op. With this vote, Gateway Food Co-op members become member-owners of Mississippi Market. A full refund of the Gateway membership will be offered to any members who are already member-owners of Mississippi Market.
Mississippi Market has been energized by the members of Gateway Food Co-op and their dream of bringing a food co-op to East St. Paul. Because of their efforts, Mississippi Market is proud to pick up their torch and open our third store on East 7th Street – bringing good food and new jobs to the neighborhood.
Mississippi Market has launched a member loan campaign to raise $1 million in support of the new store. Call us at 651-310-9470 to get more information on the loan campain.