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India’s rupee trade mechanism with Russia may soon be in place with State Bank of India agreeing to be the facilitating bank although the Russian government is yet to decide on the correspondent Russian bank, exporters’ body FIEO has said.
“Russia may decide on the correspondent Russian bank to partner with SBI for rupee trade in the next 15 days. Once rupee trade starts, we will not have to worry about currency devaluation,” said A Sakthivel, President, FIEO.
Demand for Indian goods
Exports to Russia could increase by $5 billion per annum once the rupee payment mechanism is put in place as there is a lot of demand for Indian goods from the country, per estimates made by FIEO.
“While the Russia-Ukraine war is a setback to exports in the short run, we are looking to increase our exports to Russia once the rupee payment mechanism gets operationalised,” Sakthivel said.
Western nations, including the EU and the US, imposed sanctions against several Russian banks and banned them from using the SWIFT messaging system after the country attacked Ukraine in February this year. While payments for exports to Russia has taken place using alternative currencies such as the Chinese yuan or the dirham since February, exporters say that the going has been tough.
Operationalisation of the rupee trade mechanism, rolled out by the RBI in July this year to enable invoicing of exports and imports in Indian rupee will result in seamless payments though the transportation issue would also need to be sorted out.
In April-June 2022, India’s imports from Russia increased 369.29 per cent to $9.26 billion while exports declined 37.82 per cent to $435.62 million.
Look out for non-sanctioned bank
“There is a lot of scope to increase exports to Russia, which is hit by Western sanctions, and is looking at India for increased purchases,” Sakthivel said. It is in Russia’s interest to buy more from India as it can then use the rupee balance that accumulates in its account as India imports more oil and defence equipment from the country.
Russia has circulated lists of items for possible imports from India including products such as medical equipment, pharmaceuticals, chemicals, industrial equipment, garments, furniture and jewellery.
India wants the correspondent bank in Russia to be amongst ones that have not been hit by Western sanctions. The two Russian banks that have presence in India, including Sberbank and VTB Bank, have both come under sanctions.
Many Indian banks, which have been involved in talks with Russia for the rupee trade mechanism, have been hesitant in partnering with Russian banks as they are concerned about possible sanctions in the future, sources tracking the matter said.
UCO bank was involved in the rupee-rial payment mechanism that had been put in place some years earlier to carry out bilateral trade with sanction-hit Iran.


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Bitcoin Price Surpasses 2013 All Time High - Bitcoin News
Price hikes in Ether and Bitcoin aren't the signs of a bubbleWe compare more than 20 exchanges to find the highest BTC rates for the payment method you want to use.These PayPal and Credit Card bitcoin exchanges accept cryptocurrency, USD, Euros, GBP.On 18 June 2014, it was announced that bitcoin payment service provider BitPay would become the new sponsor of the St.
Why Did Bitcoin Hit Its Highest Price in Two Years? "TheA full review of the best Bitcoin wallets available in 2017 and a detailed analysis of the pros and cons of every Bitcoin wallet (hardware and software). Price.
Bitcoin miners must also register if they trade in their earnings for dollars.Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt.
The Best Bitcoin Apps of 2017 | BitcoinChaser's Complete ListOn 25 Apr 2010, the now-defunct BitcoinMarket.com exchange is the first one that starts operating.Bitcoin traders are finally moving past the collapse of Tokyo-based digital currency exchange Mt. Gox.The price of a bitcoin. the industry group Committee for the Establishment of the Digital Asset Transfer Authority began to form to set best.Live Bitcoin prices from all markets and BTC coin market Capitalization.An exchange based in Slovenia, where users can trade between Bitcoins and US Dollars.
Bitcoin is trading at its highest price in almost two years, driven by several factors, according to experts in the cryptocurrency.
Bitcoin worth almost as much as gold - Nov. 29, 2013
Bitcoin made headlines on Nov. 29 as the price of a single coin hit an all. they have a stock market bubble and they have one of the highest saving.Get started with Bitcoin: find a wallet, buy bitcoin, shop with bitcoin, read bitcoin news, and get involved on the forum.The easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.Success in investment vehicles with the best prospects for price appreciation can only be.
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On 15 May 2013, the US authorities seized accounts associated with Mt.
Bitcoin is now worth more than gold and is trading at its
Bitcoin (BTC) - Live Bitcoin price and market capOn 6 August 2010, a major vulnerability in the bitcoin protocol was spotted.BetMoose is a global betting exchange where you earn money by predicting real life future events and outcomes.
Petersburg Bowl game under a two-year deal, renamed the Bitcoin St.Main page Contents Featured content Current events Random article Donate to Wikipedia Wikipedia store.The best bitcoin exchange is needed for serious and professional bitcoin traders.In June 2013, Bitcoin Foundation board member Jon Matonis wrote in Forbes that he received a warning letter from the California Department of Financial Institutions accusing the foundation of unlicensed money transmission.One of the first supporters, adopters, contributor to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney.
Mainly a Euro and US Dollar exchange for Bitcoin and Litecoin, but also offers markets for several other cryptocurrencies and fiat currencies.The downtrend first slow down and then reverse, increasing over 30% in the last days of May.
Buy bitcoin instantly | PaxfulGet free historical data for the BTC USD (Bitcoin US Dollar) currency pair, viewable in daily, weekly or monthly time intervals.Bitcoin gains more legitimacy among lawmakers and legacy financial companies.It is still early to make annual report, but we can say already that the year 2016 has been a great year for bitcoin.
The Biggest Influencers of Bitcoin Price in 2016Overstock has allowed users to purchase items with Bitcoin since 2014.
And profits must be able to be multiplied with Bitcoin margin trading so you can leverage long bitcoin positions or short bitcoin positions.And as bitcoin watcher Tim Swanson explains, many transactions may simply.The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to its highest level since September 2014 today.
Bitcoin price is closing in on its all-time highView the latest Bitcoin price with our interactive and live Bitcoin price chart including buy and sell volumes.The Daily Telegraph. London. Archived from the original on 2013-11-01.
No exchanges or market, users were mainly cryptography fans who were sending bitcoins for hobby purposes representing low or no value.It seems like everyone is coming up with a price forecast these days, with some of the biggest banks including.

domain: news


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It seems that Audi decided to become the most stylish participant of Google Lunar X Prize. The company has announced a partnership with Part-Time Scientists, a German team working on creating its own Rover. The automaker has said it will provide technology Quattro all-wheel drive and will share its experience in the fabrication of lightweight structures and piloted driving.
In addition, Audi is going to help in advertising and promotion of the project. The Rover will be called the Audi Quattro Lunar Moon Rover — in case you forget who participated in its development.
Prize Google Lunar X Prize will be awarded to the team that will be able to deliver the first Rover to the moon, travel at least 500 meters and transmit to Earth images and high resolution videos. The prize Fund is $ 30 million. It is expected that the competition will challenge engineers and scientists from around the world and spur the development of inexpensive robots for space exploration.
Part-Time Scientists has already received two interim prize during the development of their lunar Rover. However, using the potential of the Audi, it will be much easier to reach the moon. Studio concept Audi design in Munich is already working on the design of the lunar Rover, which will significantly reduce its weight. Unfortunately, Google do not give points for stylish design. published
P. S. And remember, only by changing their consumption — together we change the world! ©


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MIAMI -- Good news, Burger King fans — the fast food chain is about to get even better in 2017. According to Reuters, Burger King announced on Wednesday that it will be eliminating the use of antibiotics in its chicken in the coming year.
Also read, McDonald's fighting to shed junk food image according to CEO.
Burger King joins chains such as McDonald's and In-N-Out in pledging to rid its chicken of antibiotics "critically important" to human medicine, becoming the latest company to ditch antibiotics over health concerns.
In recent years, the use of antibiotics in livestock has become a growing concern among public health officials, who have warned that continued overuse of the drugs can lead to the development of antibiotic-resistant bacteria that can make people sick. Every time antibiotics are used, some bacteria that has developed resistance to it can survive and multiply, leading to a higher chance of untreatable infections spreading.
According to the CDC, at least 2 million people in the U.S. are infected with bacteria that are resistant to antibiotics, and at least 23,000 people die each year because of those infections.
"We believe that it is important to reduce the use of antibiotics important for human medicine in order to preserve the effectiveness of antibiotics in both veterinary and human medicine," Restaurant Brands, the company that owns Burger King, told Reuters in a statement.
Consumer safety and health researchers have warned against the use of antibiotics in livestock in recent years, and in 2013, the U.S. Food and Drug Administration issued guidance to pressure meat companies to stop using antibiotics to animals to make them grow at a faster rate.
While experts say that the best way to tackle the issue is for physicians to reduce the amount of unnecessary prescriptions for patients, eliminating these antibiotics from our food is a good precaution, too.
SOURCE Kimberly Truong, Refinery29
News & Updates
Stay informed with the latest news around foodservice, agriculture and other related food news.


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For years, the sirens of the beauty and dermatology industries have lured us with promises of instant lifts and tighter, brighter skin along with the elimination of wrinkles, acne, cellulite and unwanted hair by way of lasers and other high-tech treatments. Frankly, all those fancy treatments are expensive, with sessions often running into the thousands of dollars. But now there is a deluge of devices that promise to deliver beauty results in your own home.
While the initial purchase may seem a bit steep, the tools last through repeated use. Of course, you might still want to visit a professional or a spa where treatments can be more thorough - and even luxurious - though even the experts encourage at-home maintenance.
"For us, it's vital that people maintain their skin regime at home," says Elaine Bezold, co-owner of Red Hots Spa in Roslyn, N.Y. "I usually get to see someone one time every five to six weeks, and if they're taking care of their skin in between it allows us to move forward rather then starting from scratch."
Most recently, Bezold has incorporated NuFace, a hotly touted anti-aging microcurrent device, into her menu of services. "We see drastic improvements over time," says Bezold, who has also begun selling the professional system to her clients to continue their work at home.
Inspired by in-office lasers, Manhattan-based dermatologist Dr. Dennis Gross has invented several devices that look wildly sci-fi, including a medical-grade mask dubbed DRx SpectraLite Faceware Pro that aims to zap acne-causing bacteria and smooth wrinkles.
"I believe that at-home beauty devices will become as common as traditional products such as moisturizers," Gross says. They are "a great addition to any skin-care regimen - they will enhance what you are already doing, for even better results."
Bezold agrees. "Skin care is really a team effort," she says. "And home devices are another tool in your tool belt."
Dr. Stephen Greenberg, a plastic surgeon with offices in Woodbury, Manhattan and Southampton, N.Y., urges consumers to consult a board-certified doctor before trying an at-home beauty tech device.
"They can say 'yes, this a good idea or not it's not," he says. And don't expect miracles. "Doing a little something at home is better than nothing," Greenberg says. "But some of these things may not be what they're hyped up to be. They do not have the efficacy of medical-grade treatments."
Visit Newsday at www.newsday.com(c)2019 Newsday, Distributed by Tribune Content Agency, LLC.


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Samsung Electronics will put in a penta camera on its Galaxy smartphone series for the first time next year.
The mid-tier Galaxy A72 will have five cameras on its back, TheElec has learned.
The smartphone will have 32MP selfie shooter on its front. On its back, there will be a 64MP, a 12MP ultra wide, 8MP telephoto with 3x optical zoom, 5MP macro and a 5MP bokeh.
Samsung has only supported 3x optical zoom for flagship smartphone brands until now.
The recently unveiled Galaxy S20 Fan Edition (FE) model also has a 8MP camera with 3x optical zoom. On its back there is a 12MP wide angle, 12MP ultra wide and the 3x optical zoom camera.
Galaxy A71, the A72’s predecessor, has a quad camera set-up. The selfie shooter was 32MP, on its back there was the 64MP, 12MP ultra wide, 5MP macro and 5MP depth.
For the A72 the depth camera is now replaced by the bokeh camera. Bokeh camera allows the subject to be clearly shown while the background is blurred.
Samsung’s putting in of a penta camera is likely to strengthen its mid-tier smartphone line-up. Camera has been the focus of competition for smartphone vendors. Chinese companies such as Huawei and Xiaomi has already launched smartphones with penta cameras in the past.
Galaxy A7X and Galaxy A5X series are Samsung’s best selling smartphones in its A brand. Together they sell around 30 million units a year.
Meanwhile, Galaxy A52 will have a quad camera on its back like the Galaxy A51.


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GlobalBees CEO Nitin Agarwal On Plans For The Startup To Impact The Consumer Economy And Reach $ 1 Billion In Revenue
GlobalBee, an investment platform modeled on Thrasio – who acquires sellers on Amazon and provides them with resources to develop their brand, is aiming to reach $ 1 billion in revenue by 2026 and turn into a profitable Start.
In an exclusive interaction with Your story during its flagship Brands from India Event, Nitine Agarwal, CEO and Founder of GlobalBees, shared the benchmark the startup has set for measuring success.
“If I had to give you some sort of rough figure, we’re looking to reach at least $ 1 billion in sales in five years and be a profitable business. These are the two benchmarks on which we measure ourselves, ”said the CEO.
Founded byfounder Supam Maheshwari and former Chairman and Chief Investment Officer of Edelweiss Group (CIO), Nitin Agarwal, GlobalBees is looking to partner with digital native brands in categories such as beauty and personal care, home, kitchen , diet, nutrition, sport and lifestyle. These marks must have a income rate between $ 1 million and $ 20 million, which, according to the company, is proof of product-market fit.
The startup then helps these brands grow, scale, and sell in markets such as Amazon and Flipkart, and through other channels.
Within three months, GlobalBees had succeeded in Raise Record $ 150 Million in Series A Funding tower directed by First Scream, Lightspeed Venture Partners, and others. The last round led to Vikas agnihotri by Softbank, Harsha Kumar the speed of light, Atul Gupta by Premji Invest, Sudhir Sethi of Chiratae Ventures, and Kshitij Sheth from Chrys Capital to join the Board of Directors of GlobalBees.
Nitin Agarwal, CEO of GlobalBees in conversation with YourStory Founder and CEO Shradha Sharma at the launch of YourStory’s Brands of India initiative
“Do not acquire 10 D2C brands”
Following the funding, the startup is said to be integrating more than 10 native digital brands in the country.
However, Nitin denied such a development, saying, “I think someone kind of imagined this in the night and this number. We’re not really counting numbers or talking about 10, 20, or 50 brands. We’re just looking agreement by agreement with so many good companies and entrepreneurs around us, ”he said.
The Thrasio-style model appears to have caught the attention of investors in India, who are increasingly looking to clone the business in the country. Thrasio is a New York-based digital consumer goods company that invests in, acquires and develops sales operations in markets such as Amazon through investments in technology, working capital, and marketing efforts.
In recent months, several other companies, including, , , and have entered into major funding agreements to tap the growing D2C market.
“We’ve come a long way from where we started in May. Whatever the initial goals we set for ourselves, we have already literally exceeded them twice. We will see many more exciting numbers to come, ”Nitin said.
The founder said it would take around three to four years to qualify GlobalBees as a successful model, and it will all depend on “launching the innovation engine,” which has otherwise been slow in the retail industry (physical ) consumption due to limited storage space. and therefore quick replacements.
“Innovations have been rare in retail. Whenever you want to innovate a product, you will be replacing one with another due to the limited space of the retail shelves. This did not allow the engine of innovation to become mainstream. Rather, our success would be to be able to take these innovations at scale and consolidate them as a globally scalable enterprise, ”said Nitin.
The company seeks to have an impact in at least three categories of the consumer economy to create large companies.
Better homes to scale
In its first transaction in August 2021, GlobalBees acquired the home care products company—The best house– an undisclosed amount. The brand, which was born from the digital content platform, The Better India, retails sustainable household products such as dishwashing liquid, household cleaners, air fresheners, laundry cleaners, etc. on their website and on, and claims to be present in 600 cities. GlobalBees has signed three more agreements, Nitin said.
GlobalBees is looking to expand the product line and expand the brand into international markets. He is betting on the growing demand for ecological and toxin-free household cleaning products and on community demand (The Better India). The brand reached a monthly turnover of Rs 1 crore in October 2020, just nine months after its launch.
“The Better Home symbolizes what consumers need today. We have realized where demand is moving and see huge potential in the segment. Dhimant and Anuradha (founders) will continue to manage the content as we help develop the brand and the product, ”said Nitin.
Brands from India is a YourStory initiative to catalyze the growth of India’s D2C economy. The initiative will bring together stakeholders from the D2C ecosystem, including brand builders, D2C startups, investors, businesses and policy makers, to discover, build and help daring entrepreneurs create an additional 500 Indian brands at over the next three years.
To learn more about this initiative and the D2C ecosystem, visit Marquesofindia.votrehistoire.com


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Tesla fans, get ready for “Teslaquila.”
The company submitted a trademark application for the word on Monday, suggesting a tequila with Tesla branding could be on the way Vimeo on YouTube. The form is visible on the U.S. Patent and Trademark Office site.
Tesla’s “intent to use” filing indicates it’s not using the word now but plans to at some point down the line, CNBC reported 리눅스 iperf 다운로드.
Tesla’s CEO, Elon Musk, also tweeted a link to the report. “Teslaquila coming soon …” he wrote Friday.
BURGER KING IS AMERICA’S FASTEST DRIVE-THRU, STUDY FINDS
The 47-year-old executive was quick to offer his millions of Twitter followers a mockup of the “Teslaquila” logo, as well Free to Warcraft3.
“Visual approximation,” he wrote when posting a photo.
Tesla did not immediately respond to Fox News’ request for comment on Sunday afternoon 대동강체 다운로드.
It’s not the first time Musk has spoken about a Tesla tequila brand: He tweeted that Tesla “has gone completely and totally bankrupt” in an April Fool’s Day post 맥북 멜론 다운로드.
“So bankrupt, you can’t believe it,” he added, before poking fun at himself.
BEN & JERRY’S HOSTING HALLOWEEN TOURS OF FLAVOR GRAVEYARD IN VERMONT
“Elon was found passed out against a Tesla Model 3, surrounded by ‘Teslaquilla’ bottles, the tracks of dried tears still visible on his cheeks,” Musk quipped Todd 11.


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TEXT OF INTERVIEW
Kai Ryssdal: The refrigerator in my house is, believe it or not, 25 years old. So obviously we need a new one. That’s why I read today’s Government Accountability Office report on the Energy Star program with some interest. Over the course of a nine-month investigation, the GAO submitted fake and sometimes bizarre machines to get them certified as top of the line in energy efficiency. And they often did get them certified, no questions asked.
Jim Snyder writes for the congressional newspaper The Hill in Washington. Jim, welcome to the program.
Jim Snyder: Well thanks. Nice to be here.
Ryssdal: Give me some sense of — I hesitate to call them “appliances” — but these machines that the GAO submitted?
Snyder: Yeah, the GAO set up four fake companies and submitted applications for 20 products for Energy Star certification. One was a gas-powered alarm clock the size of a small generator. Another one was a room cleaner, which they sent a photograph of a feather duster adhered to a space heater.
Ryssdal: I love that. I love the image of this gasoline-powered thing next to your bed, while you’re asleep, trying not to wake up.
Snyder: Sounds pretty efficient.
Ryssdal: That’s right. The upshot of this GAO report was that this is kind of a self-reported, self-monitored thing that leaves itself open to all kinds of fraud and abuse.
Snyder: That’s right. The GAO and the companies that they set up, they would submit an application, and often, they would be approved for the Energy Star program within 24 hours.
Ryssdal: Yeah. My favorite part was that once one appliance in a company is Energy Star-certified, you can apparently just download that Energy Star sticker and stick it on a bunch of other things.
Snyder: Yeah. It’s like getting a passport to the program. You can stick it on any product that you make, apparently.
Ryssdal: But there’s a lot of money on the line, right, with these Energy Star appliances?
Snyder: There is and there’s even more money now, since Congress passed the stimulus package a year ago, which included $300 million for a state rebate program to encourage consumers to buy an Energy Star-certified products and it also expanded tax credits that consumers get.
Ryssdal: So what is Energy Star, which is run by the EPA and the Department of Energy, I mean, what do they have to do to get things right?
Snyder: Well, the GAO suggested that they have some sort of more rigorous testing. Up front. The DOE and the EPA say that the problems aren’t just that, as the GAO depicts in its report, because do they do a lot of after-market testing.
Ryssdal: Consumers and tax payers kind of get it coming and going on this one, right? Because not only are we footing the bill for Energy Star appliances through the stimulus package, but we’re conceivably getting Energy Star appliances that aren’t really Energy Star worthy.
Snyder: Well, that’s the worry. And different reports have found that the after-market testing isn’t even that extensive. But it does raise some concerns for consumers that they wouldn’t be getting the promised energy savings, because these appliances and products are more expensive than others are. So, I don’t know that consumers need to be overly concerned that the products that they’re buying aren’t as good as advertised, but they should be aware that there’s a possibility that they’re not.
Ryssdal: Jim Snyder, covers energy and the environment for the congressional newspaper, The Hill. Jim, thanks a lot for your time.
Snyder: Thank you.
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Home start-ups account for 60% of new businesses
Research reveals home-based ventures contribute £364 to UK economy
Home-based businesses make up nearly a quarter of the UK workforce, new research has revealed.
According to research from BT Business, home-based ventures contribute £364bn to the economy each year. The research also revealed that 60% of all new businesses are now started at home.
The report was released as part of Small Business Week, which was launched at the BT Tower in London today.
Bill Murphy, managing director of BT Business said:
“The world of British business is changing, with hundreds of thousands of new businesses being started every year.
“However, our report demonstrates that there are many areas of concern to small businesses and it’s critical that we provide more support and help these companies to thrive and grow.
“In order to help small businesses take advantage of the world of opportunities that are open to them, we need to get a better understanding of the issues they face.”
The research revealed that three quarters of small business owners think government can do more to support them. Only 7% of those questioned believed the government was doing all it could to help small firms.
Stephen Timms, minister of state for the Department of Business, Enterprise and Regulatory Reform (DBERR) said:
“The increase in [small business] numbers has been a big success for Britain over the last few years. We want to build on that now, and help today’s small businesses grow and take advantage of global markets.”
© Crimson Business Ltd. 2007


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The Facebook beta for Windows Phone is an opportunity for avid fans of the social network to try out latest features in builds not yet available to the general public. We've gone through the festive period without an update with 5.0.2 released mid-December, but today a new release has been published to the store. Say hello to version 188.8.131.52.
What's included in this latest version? It appears to be faster. No, seriously, the development team has implemented both 'bug fixes and performance improvements', according to a tweet by Joe Belfiore. Should you be experiencing stuttering and slow loading times within the app, this update should help address said issues.
Need to grab the Facebook beta from the Windows Phone Store? Use this store link or the QR code below.
Thanks, Markus M., for the tip


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There is currently much attention being paid to the need to update the regulation of tobacco and nicotine products in Canada. The main debates centre around non-combustible innovations in tobacco and nicotine products — particularly e-vapour technology or “vaping” as it is commonly referred to and a proposed law designed to provide a regulatory framework for vaping being deliberated in Parliament this month.
E-cigarettes are only the latest entrant into the longstanding category of perils we might wish for our teenagers to avoid. Vaping — using an electronic cigarette to inhale vapor infused with flavor, nicotine, both or neither — holds promise as a path away from the harms of conventional cigarettes. But a report [...] found evidence that vaping might prompt teenagers or young adults to try cigarettes, [...]
Nobody wakes up one morning and, out of nowhere, stops smoking. Successfully giving up smoking takes a lot of thought, planning, effort and commitment.
There is a lot of psychological research about change, about how we come to change, what motivates us to change, what makes us welcome or resist change and how we can reach the desired goal of change most effectively. Some of that research has helped us to develop models, or ways of conceptualising how change occurs.
A member of [...] (NASEM) committee that recently issued the report, "Public Health Consequences of E-Cigarettes," Rigotti writes that while, "E-cigarettes have the potential for enormous benefit if they help smokers quit... This benefit must be balanced against potential harm if e-cigarettes entice youths who would not otherwise have become cigarette smokers to try e-cigarettes, become addicted to nicotine and then switch to combustible cigarettes."
We know that smoking is bad, but what many of us might not know is that 1 in 6 10th-graders has smoked, vaped or used smokeless tobacco in the last 30 days. And for our high school seniors, that rises to 1 in 4. Today’s high schoolers are primarily getting their tobacco through their 18-, 19-, and 20-year-old friends because we have clamped down on illegal sales to minors. We have to do something if we want this cycle of addiction to stop.
E-cigarette devices are promoted as a safer alternative to tobacco but studies into the health impacts of vaping have reached conflicting conclusions.
New US research suggests that vaping is “far from harmless” and could pose a serious health risk. However, a Public Health of England evidence review published last week says swapping combustible tobacco cigarettes for e-cigarettes - which turn liquid nicotine into vapour - brings substantial health benefits.
Two anti-tobacco groups say they’ll consider dropping their support for the Liberal government’s bill that revises Canada’s tobacco laws unless MPs amend it to restrict the types of advertising available for e-cigarette products so the rules are closer to tobacco and cannabis promotion.
“We can not give our support as a public health organization to advertising on mainstream media on TV for nicotine-containing products [...]
The percentage of global smokers has dropped in the past 25 years, but in countries like Bangladesh, where as many as 40 percent of people smoke on a daily basis, [...]. Similarly, though worldwide 40 percent of children are exposed to second-hand smoking (SHS), in Bangladesh—a country with laws against smoking in public places—as many as 95 percent of children are affected, which is more than double the global ratio.
Despite substantial progress over the past 50 years, tobacco use remains the leading cause of preventable mortality in the United States, causing more than 480,000 deaths annually. If current trends continue, 5.6 million youths who are alive today will die prematurely from a smoking-related illness. Addressing the continuing tobacco epidemic is one of the most important public health priorities of the twenty-first century.
In my opinion, it’s appalling that a state-funded, state-sanctioned public health body should recommend vapes to people who want to stop smoking. E-snout would probably be available on the NHS already, were it not for the fact that medical licensing requires them actually to justify health claims made on their behalf – and the only one licensed so far is eVoke, controlled by those famed devotees of the stop-smoking cause, British American Tobacco. [...]
You can buy pot-laced jerky, marijuana body oils and Valentine’s themed joints in some states that have legalized cannabis in recent years. But you will not find Marlboro brand marijuana cigarettes, despite online articles suggesting they’re on sale.
Philip Morris spokeswoman Iro Antoniadou said in an email the account published in urhealthguide is false.
Domestic and international tobacco companies are rolling out their heat-not-burn cigarettes in the Korean market with Philip Morris Friday launching a Metallic Blue edition of the iQOS, dubbed the “iPhone of e-cigs.” Metallic Blue cigarettes, priced at 120,000 won ($110), will be sold in stores both online and offline and retail chains [...] Philip Morris International first launched the tobacco heating system in Korea in May last year.
Analysts at ECigIntelligence, an independent e-cigarette and tobacco-alternatives market analytical resource, believe that the products “will play an important role in the future of the US tobacco alternatives market no matter what the FDA eventually decides.” However, in spite of whether they are endorsed or not, the analysts do not believe that the products will ever reach the same level of success they have reached in Japan.
E-cigarette ads on TV can influence smokers, but not in the way that the industry wants them to.
Seeing e-cigarette advertisements on the small screen gives smokers the urge to quit, according to a report by researchers at Bentley University, the City University of New York, Cornell University and the National Bureau of Economic Research. The researchers suggest that banning such commercials would result in a 3% drop in quitters (or 105,000 fewer people).
Two Dutch family doctors’ associations and the national dentists association have thrown their weight behind the anti-smoking law suit which aims to prove the big tobacco companies deliberately conspired to make people addicts. The health professionals’ organisations are the latest in a string of groups to support the action, started in 2016 by lung cancer patient Anne Marie van Veen and lawyer Bénédicte Ficq. [...]
Switching from smoking to vaping may not be as easy as it seems, a University of Otago study has found. "Many started their quit attempt expecting that vaping would offer them exactly the same experience as smoking. However, they often became disappointed when their experiences didn't replicate smoking, and continued smoking as well as vaping," lead author Dr Lindsay Robertson said.
He had never smoked a cigarette in his life, but one freshman finance major still felt the need to buy a Juul — an electronic smoking device that utilizes disposable pods containing fluid with high amounts of nicotine — during his senior year of high school. Each Juul pod contains the nicotine equivalent of a pack of cigarettes, and he began to go through one pod each day.
Within a year, the habit went from a casual stress reliever to a five-dollar-a-day addiction.
Public Health England has released its latest report on e-cigarettes, updating on research into their safety and making new recommendations.
The key findings won’t come as a surprise to those who follow the research closely: research shows e-cigarettes are less harmful than tobacco cigarettes, and they can help smokers quit.
But a worrying trend continues to emerge. [...]
THE Government has come under renewed pressure to change laws that ban supplying nicotine for e-cigarettes, as one politician conducted a bizarre stunt.
Crossbench senator Cory Bernardi is taking a stand on the issue, spending his Valentine’s Day taking a protest bus called “Vape Force One” for a lap of Parliament House in Canberra.
The senator claimed the Government’s prohibition doesn’t stack up with health evidence, [...]
French anti-smoking campaigners launched a legal case Friday against international tobacco giants claiming their cigarette filters have helped them falsely report the level of tar and nicotine in their products.
The National Anti-Smoking Committee (CNCT) says tiny holes in the sides of the filters stop authorities being able to tell if the legal limits for the toxic substances have been breached.


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This year’s Barrett-Jackson Palm Beach Auction brought a total of $39.4 million in sales, as well as a record-breaking more than 700 new bidders.
Barrett-Jackson announced this week that along with selling a total of 692 vehicles that brought in more than $38.3 million, 380 pieces of automobilia and the sale of charity vehicles raised over $702,000, and $450,000, respectively, at its 16th annual four-day auction.
The 35th Anniversary Corvette, which has helped raise $550,000 as part of Barrett-Jackson’s year-long Driven Hearts charity initiative, sold for $200,000 to benefit the American Heart Association. The charity vehicle previously raised $350,000 in funds at a sale in Scottsdale, Ariz.
“Renowned philanthropists Jeanette and John Staluppi were the winning bidders, and generously donated the Corvette back to be sold at a future auction,” Barrett-Jackson explained in a news release.
Along with the three collections on display at the sale, including John Staluppi’s Cars of Dreams collection set, there were also international vehicle consignments from Brazil and Italy up for bid.
One-hundred and forty-five vehicles from the Cars of Dreams collection sold for $13.96 million.
“Our guests have made the Palm Beach Auction such an electrifying event year after year,” Craig Jackson, chairman and chief executive officer of Barrett-Jackson said in a news release. “We were especially honored to be trusted to auction three incredible collections, including the ‘Cars of Dreams’ owned by our good friends Jeanette and John Staluppi. Their 145 vehicles, which all sold at No Reserve, represented some of the finest examples of ’50s, ’60s and ’70s-era American cars.
“It was a pleasure working alongside John and Jeanette to find new homes for the vehicles in his remarkable collection, and we so appreciate their philanthropic support of our charity efforts over the years,” Jackson continued.
In addition to the record-breaking number of bidders in attendance, Burt Reynolds joined to sign autographs and encourage bidding for three Pontiac Trans Ams. He was joined by other notable guests including actor Alfie Wise, North Carolina Panthers head coach Ron Rivera, NASCAR legend Rick Hendrick and former NFL wide receiver Reggie Wayne.
The top three vehicles in the collection included a 2012 Lexus LFA Nurburgring Edition, a 1959 DeSoto Adventurer Convertible and a 1970 Plymouth Superbird, which sold for $770,000, $330,000 and $286,000, respectively.
“This year’s Palm Beach Auction is proof that it’s a golden age for car enthusiasts and collectors,” said Steve Davis, president of Barrett-Jackson. “We are so thankful for our guests who joined us in Florida and spread their enthusiasm for this great hobby that we all love. We especially appreciate those who contributed to our efforts to raise money for charity. Together we raised $450,000 to help the American Heart Association and Camp Southern Ground move the needle on helping those they support.”
The 1959 DeSoto Adventurer Convertible, along with “Herbie”, a 1963 Volkswagen Beetle that sold for $128,700, were among serval vehicles from the Cars of Dreams collection to set auction sale world records, according to Barrett-Jackson.


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ALEXANDRIA, Va. — After several delays, the EMV liability shift at the pump finally occurred in April and now, convenience and fuel retailers who are behind in upgrading their forecourts are starting to feel the pinch.
As of the April 2021 deadline, any card fraud detected at automated fueling dispensers now falls to the responsibility of the retailer if EMV technology has not been implemented on their forecourt. Retailers feel the fraud in the form of chargebacks, according to Joshua Pynn, strategic insights consultant at CMSPI, an independent payments consultancy.
Chargebacks are when a fraudulent transaction, or an error in the reporting of the transaction, occurs and the consumer disputes the charge. If fraud is detected, the retailer is now responsible to pay for it, Pynn explained during a recent webinar hosted by industry technology organization Conexxus and sponsored by Invenco.
Based in Alexandria, Conexxus is a nonprofit, member-driven technology organization dedicated to the development and implementation of standards, technologies innovation and advocacy for the convenience store and petroleum market.
A CMSPI analysis found that chargebacks have tripled since January 2021.
"If you look at January as the baseline month, May is almost triple of what January was in terms of overall chargebacks. There was a pretty substantial increase of about 50 percent in April, and that really ballooned in May," Pynn said, explaining that chargebacks are often delayed because it takes some time for the consumer to realize the fraud and file a report. "The feedback loop takes some time."
EMV liability shifts are not new to the convenience and fuel retailing industry. The in-store EMV deadline occurred in 2015; however, the shift for at-the-pump transactions was pushed back multiple times to April 2021. While the most recent delay was driven by the COVID-19 pandemic, Pynn pointed out that becoming compliant at the pump is a more difficult undertaking than becoming compliant in the store.
"Chargebacks have not only grown in volume, but they have grown in value. The average value of every chargeback hovered somewhere around $50 before April. Then, in April and May, they grew to over $70. That's an almost 40-percent increase," he noted.
This increase could be happening for several reasons, according to Pynn: chargebacks will be happening more now at the pump, and pump transactions have a higher transaction value than in-store; and gas prices have been higher in recent months.
"This is a significant issue for many different merchants in the industry, both large and small, on their way to becoming fully compliant," he said.
In addition, he said the data suggests that EMV is the culprit for the rises in both volume and value in chargebacks. Each chargeback comes with a code that identifies what type of chargeback it is. In May 2021, almost 60 percent of chargebacks were specifically attributed to EMV. Previously, that number ranged between 5 percent and 8 percent, before reaching 20 percent in April.
"We would expect this to continue into June, July and August until the entire industry becomes more and more compliant," Pynn said. "It's becoming a pretty significant issue if you are looking at chargebacks, but also just in general as it has doubled the effect of fraud as a percentage of revenue from March to May."
Moving Toward EMV Compliance
As the industry is starting to see the effect of those operators who have not yet made the transition in the EMV journey, there are several options for retailers looking to solve the outdoor EMV compliance issue, according to Dan Harrell, chief innovation officer at Invenco, a global provider of self-service payment solutions.
Retailers can buy a new EMV-ready pump from a pump manufacturer, buy a new pump without EMV technology and retrofit it, or buy a retrofit kit for their existing pumps.
When weighing their options, Harrell said retailers need to consider the upfront cost of purchasing the equipment; ongoing maintenance costs; and additional benefits from buying a new pump, such as an image upgrade.
To get started, Harrell advises retailers to:
- Understand their equipment and take inventory of what they have;
- Determine their goals from the EMV investment;
- Choose a solution that aligns with their strategy; and
- Work with equipment providers and installers to set an upgrade date.
As retailers transition, they can make other choices that are good for their customers and customer engagement. This includes adding things like contactless payments and new types of media options — things that may drive business, he said.


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Toxic Trump expected to throw kitchen sink at Hillary in final debate
Word is that the two families will skirt each other in the third and final debate on Wednesday night in Las Vegas.
Janet Yellen adds a kitchen sink to the Fed's toolkit
Yellen's speech provoked a largely anodyne reaction, allowing traders to head off for a...
Why restaurant chains are shutting down outlets and shifting to ‘cloud kitchen’
Traditional challenges of rising costs and rentals are pushin...
Amazon's home, kitchen segment witnesses 165% growth
While the home category grew by 200 per cent, kitchen grew at 135 per cent during the review period.
Bajaj Electricals launches new range of kitchen appliances
Consumer durable maker Bajaj Electricals has launched a new range of premium kitchen appliances under the 'Platini by Bajaj' brand.
Bajaj Electricals forays into premium kitchen appliances segment
This includes products like stand mixer, vitamin juicer and bread maker, the company said in a release issued on Friday. The company will initially sell them through Amazon before launching them in the brick-and-mortar stores.
Happy at work: New-age firms tempt staff with foosball table, library, open kitchen
Fashion firm Bestseller is recreating workplace with minimalistic design to dedicated recreation spaces.
Government issues steel quality control order for kitchen appliances
The Steel Ministry issued the Stainless Steel (Quality Control) Order, 2016 for products used in making utensils and kitchen appliances.
Five hacks to de-clutter your kitchen
A kitchen requires regular cleaning in order to function properly. However, one can also divide the space into varied zones.
Kohler Kitchen looks to double India base to 200 cities
Kohler has associated with leading developers such as Oberoi, Lodha, Jaypee, Prestige and DLF, among others.
What's cooking- As summer descends, children take the kitchen by storm
Indus League Clothing's CEO Rachna Aggarwal in her kitchen is the queen. She's quite at home making mango cheese cake and other delicacies.
Andhra Pradesh government to set up Central Kitchen in Chintoor
AP govt has decided to set up a Central Kitchen centre in Chintoor mandal of East Godavari with an aim to provide nutrient food in the new ITDA.
Want to stay slim? Keep your kitchen clean
Being in a chaotic environment is bad for diet. Cluttered kitchens are likely to lead people to grab twice as many cookies.
Demand for kitchen appliances going up
Indian consumers purchased over ten million units of choppers, food processors, mixer-grinder, hand blenders and other kitchen appliances in last one year with sales growing by 5%, a latest study by market tracker GfK said.
Canadian IT firm Kitchener to invest $100 million in Mohali
Deputy Chief Minister Mr Sukhbir Singh Badal expressed satisfaction over the keen interest shown by the delegation to explore the sectors including smart city.


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Coles stores are back in business after a nationwide technical glitch cut the payment record on Friday afternoon.
“Coles stores nationwide have reopened for trading after a technical problem in our POS system which means that we were briefly unable to process transactions this afternoon,” the supermarket said in a statement on Friday evening.
“To thank customers for their patience while our team worked hard to restart us, Coles supermarket shoppers will receive three flybuys for their food and groceries this weekend.
“To help customers who are unable to complete their Friday afternoon shopping, Coles Online offers free home delivery on orders of $ 50 or more until Sunday, October 18th.”
Disgruntled customers reported the bug online, saying their shopping carts full of food had been abandoned in the aisles.
A customer wrote on Twitter: “Halfway in a store we were told that the cash registers in all Coles stores are not working due to IT issues.”
“They are not sure how long. Get off to Wallis.”
The bug was first reported shortly before 5 PM EST Friday.
After some reports surfaced that Woolworths was also having technical issues, the rival supermarket was quick to issue a statement saying it was operating as usual.
“Our payment systems are working well. They said all the stores are continuing to trade as usual.”
Avid music fanatic. Communicator. Social media expert. Award-winning bacon scholar. Alcohol fan.


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Reports of pet scams in April more than tripled compared with March. Have you seen one? Here’s how they work and what you need to watch out for.
Carole had been looking for a golden retriever puppy and saw an advert on the classified adverts website Loot.
She emailed the advertiser and was told that they had two 11-week-old pups to choose from, who needed a new home because their owner had died.
The seller provided photographs and said that she would need to pay £300, which included delivery from Orkney via a specialist animal delivery service.
But things just didn’t feel quite right, so she requested the microchip number and details of their current vet. Carole never heard anything further.
Pet scams on the rise
It’s likely this scam is designed to liberate people from £300 for a non-existent puppy.
Pet scams have soared during lockdown, according to fraud reporting centre Action Fraud. It said that it received 524 reports of it in April – more than three times the number in March.
Loneliness was being cruelly exploited by criminals.
Would-be pet owners are strongly encouraged to visit animals in person first before buying, and many legitimate breeders would insist on it to ensure pets are going to loving and responsible owners.
However, lockdown made such visits difficult, and fraudsters sought to capitalise on it.
What should I ask for when buying a pet?
Ask for a pet’s inoculation history, breed paperwork and certification before paying, to ensure that the pet both exists and was bred legally.
Payment via bank card or PayPal gives you greater protection than a bank transfer.
Consider adopting from a rescue centre. If you’re buying from a dog breeder, you can find reputable ones via the Kennel Club.
Did you notice an increase in pet scams during lockdown? Have you ever attempted to buy a pet only to think something wasn’t quite right?
Let us know in the comments, and help warn as many people as possible to stop fraudsters taking advantage of people in such a cruel way.


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Top Technology PR and Marketing Firm OURA Collective Rebrands; Helps Tech Companies Raise Money & Create Strategic Partnerships with Earned Media
Oura Collective, a leading technology PR and marketing company, has rebranded to commemorate its expansion through strategic acquisitions into new areas of technology marketing and innovation. As a leader in tech public relations and earned media for over a decade, the company’s public relations and marketing team has worked with more than 200 companies and apps in the tech industry to deliver top earned media placements as well as strategic partnerships and investment opportunities. Oura has now officially announced its expansion into additional marketing services including SEO optimized content.
Founder Keith Herman, a venture capital veteran with over 50 exits and $500 million raised, developed Oura’s PR and marketing services to act as an extension of their clients’ team. The goal is to create and execute results-driven campaigns designed to elevate business profiles, attract investment, establish credibility and increase brand awareness.
“It’s about more than just PR,” Herman said. “A lot of PR firms just want to get you placed in an article. For us it’s about much more than that. I’m not a PR agent, I’m a businessman and investor. So, when I think about public relations and earned media, I think about how it can help create a return on investment for the client. That means part of the strategy has to be increasing revenue and investments for the companies that work with us. Most PR firms and individual agents don’t have the experience to create those larger strategies, so that's a major competitive advantage for us.”
Oura Collective is strictly a top technology PR and marketing firm focused on cutting edge transformational technologies. Areas of expertise include VR/AR, mobile apps, healthtech, biotech, cryptocurrency, ad tech, fintech, big data, cyber security, gaming, e-sports, entertainment technology, and consumer electronics. It has now revealed that it has expanded into cutting edge transformational technologies like artificial intelligence (AI), medtech, and blockchain, which it believes will have the biggest impact on the future of the economy.
“Innovative tech is all we do,” Herman said. “Getting press in technology publications is different from every other industry, because technology changes faster in a year than most industries change in a decade. That’s why we created a PR system that works for any tech company. Most PR firms will simply assign an intern or low level agent to a project. We assign an entire team that is trained to follow our proven formula so we can not only get our clients the best tech press and media attention, but also help them build the best network to create additional investment opportunities in their company.”
To ensure that the client’s story has more impact, Oura Collective makes sure that the right people will tell the story. They make use of a targeted and research-based strategy that enables them to come up with impactful and thoughtful campaigns. The goal is to effectively communicate the brand’s value proposition and this is key to influencing the client’s target audience.
As such, Oura Collective focuses on relationships. The extensive experience of the company’s team members has enabled them to cultivate relationships with influential members of the media, from traditional media, such as print and broadcast, to digital media, including blogs and social media, they are familiar with the decision-makers who can make sure that the client’s message is heard.
The company’s executive thought-leadership program presents clients as leaders and experts in their field by having them comment on top-trending news in their particular industries. They also work proactively to position clients in much bigger stories by having them comment on breaking industry news that strategically positions them as authorities in their field. They will also supplement campaigns with strategic speaking and awards programs, which can help in building the client’s credibility as an industry leader.
The leadership team at Oura Collective also includes the founders of BlockchainPR.io, tech entrepreneur Ryan C. Brown, and Phu Styles, a top 100 global blockchain influencer. For more information, contact Ryan C. Brown at firstname.lastname@example.org or visit their website at www.ouraco.com.
For more information about Oura, contact the company here:


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SCOTTSDALE, AZ: Dial Corporation and its parent company Henkel Corporation have launched both internal and external CSR promotions in an effort to unite the two brands in the consumer mind-set.
On July 3, Henkel launched the Henkel Helps Contest with a new Web site, www.henkelhelps.com, where visitors can nominate a neighborhood in need of beautification. Nominations will be accepted through mid-August. In addition, there will be weekly Henkel product giveaways worth $200 during that time.
Internally, employees in Scottsdale will begin nominating themselves to be Henkel ambassadors on August 7. Ambassadors will travel on the Henkel Brand Like a Friend bus to the winning neighborhood-wherever it may be in the US-as members of a "clean-up crew." Beautification day will be September 26, Henkel's founding day.
"Dial brands have a great presence and are well-known," said Natalie Violi, director of corporate communications for Henkel North America. "Here in North America [Henkel] is not really recognized. CSR is embedded into the DNA of Henkel. This was a natural fit for us."
Henkel, founded in 1876 and based in Dusseldorf, Germany, acquired The Dial Corporation in 2004. Among the 750 international brands beneath the Henkel umbrella are Dial soaps, Renuzit, and Right Guard.
Liggett Stashower, which has worked with Henkel in the past, is the AOR for this program. Additional PR tactics planned for the program include an RMT, news releases, and consumer voting on the top three nominations.
"These kinds of programs help align us in terms of corporate branding," said Violi. "This particular program [is] not just monetary support, but sending employees to put something forward."


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Police: Two Thefts at Haverford College
The following information is provided by the Haverford Police Department. The information below does not indicate guilt or conviction.
The Haverford Police Department responded to the following incidents of theft between July 19 and July 25:
Retail Theft: Two 14-year-olds were cited with theft at Kohl's department store on July 18. The two minors were cited for $39 and $55 in stolen merchandise.
Retail Theft: Police responded to a reported theft at the Game Stop on West Chester Pike on July 24. According to reports, an unknown male removed a Playstation from the store without paying for it.
Theft of Services: A cab driver reported that a female exited the cab and failed to pay her cab fare on July 18.
Bicycle Theft: Police responded to an incident of bike theft at the Penfield SEPTA station on July 19.
Weed Wacker Theft: Police received a report from a woman on July 23 that someone removed her weed wacker from an unlocked garage.
Theft at Haverford College: Police responded to two incidents of theft at Haverford College on July 24. One victim reported a tablet was stolen from an unsecured room and another, seperate victim reported that a laptop and bag were stolen from an unlocked room.
The above information comes from the Haverford Township Police website. Email email@example.com with questions about this blotter.


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Heading out on Black Friday in hopes of finding yourself a PlayStation 4 or Xbox One? We already know GameStop will have a "very limited supply" of Xbox One consoles for Black Friday, and it looks like the same will be true for Sony's PS4 as well.
Reaching out to GameStop about the PS4's stock during the busiest shopping day of the season, a GameStop representative told us, "Each store will have a limited supply of both Xbox One and PS4 consoles in stock for Black Friday."
Unfortunately, that's all the rep could offer, adding, "We encourage customers to contact their local store or visit GameStop.com to check availability in their area."
The PlayStation 4 released on November 15, followed by the Xbox One on November 22. Each console sold out of pre-orders and went on to sell more than one million units during their respective launch days. Even now, despite Sony and Microsoft pushing to replenish stock, both next-gen systems remain sold out at GameStop and other various retailers.
For those who don't mind paying a little extra, I suggest heading over to eBay where there are literally thousands of consoles being sold daily. You're going to wind up paying a little extra, but you don't have to fight the crowds or wait for a new shipment to arrive.


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The Wii U’s poor sales showing continues.
Nintendo may have the best lineup in both, the console and handheld segments, but you wouldn’t know it by their market performance. According to the latest NPD reports, Nintendo’s flagship console, the Wii U, had a dismal showing in the world’s biggest video game market last month.
Although NPD itself never gives out hard numbers, leaving it to the companies themselves to hand it out at their own discretion, we thankfully have some leaks from creamsugar, a well known industry follower who has often leaked NPD numbers in the past. According to him, Wii U’s sales were 46,000 units last month, which is a dramatic decline from the otherwise decent numbers the system had managed to post over the last few months, ever since the launch of Splatoon.
However, it was not all doom and gloom, either. The 3DS continues to impress, with its hardware sales up 35%, and Nintendo’s software sales over the last seven months are up 10%, thanks to the launch of Splatoon.
However, given the general anemic retail performance of the Wii U, it’s not hard to see why Nintendo would be fast tracking the NX for next year.


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“We spent 11 unscheduled on-site inspections of producers of buckwheat, and found there a cartel agreement. That is, all the same elements of the collusion between manufacturers who were trying to behave in bad faith,” said he.
the Ministry of agriculture has stated that there is no shortage of products
the head of the service also added that the FAS began on this fact investigation.
According to Rosstat, for the period from 17 to 23 March sugar rose by 7%, buckwheat – by 2.8%, eggs – by 1.4%. Slightly increased prices for rice, wheat flour, pasta, salt, pork, chicken, canned meat, UHT milk and sunflower oil.
vegetables most notably rose onion (3,5%), slightly more expensive steel potato (2,6%) and carrots (up 2.5%). At the same time cucumbers fell by 6.1%.


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BENGALURU/NEW DELHI :
India’s collections from the equalization levy, or the so-called Google tax, surged almost 90% in the year ended March to almost ₹4,000 crore, led by improved compliance, economic revival, and the increased scope of the tax.
However, the impressive growth may be short-lived, with a compromise pact that India signed with the US taking effect on 1 April.
India will phase out the 2% digital tax on non-resident entities, including Netflix, Facebook, Adobe, Google, and Microsoft as part of the agreement. This will protect India against retaliatory tariffs of up to 25% by the US on a slew of Indian products.
The digital levy saw collections touch ₹3,900 crore in 2021-22 after the last instalment deadline of 7 April, against ₹2,057 crore collected a year earlier, data accessed by Mint showed.
India’s information technology hub Bengaluru accounted for ₹1,898 crore, or half of the overall equalization levy mop-up. Hyderabad, which also houses large IT players, accounted for a quarter of collections at ₹953 crore. It was followed by Delhi and Mumbai with collections of ₹706 crore and ₹233 crore, respectively.
Overall direct taxes, which comprise income tax paid by individuals and corporate tax, STT and equalization levy, came in at ₹14.1 trillion in 2021-22, 49% higher than the previous year and ₹3.02 trillion above the budget estimate. The equalization levy was introduced at 6% in 2016 for digital advertising services, which led to a ₹200 crore collection that year.
The scope was widened in April 2020 to impose a 2% tax on non-resident e-commerce companies and further expanded in the budget 2021-22 through clarifications. It said that the equalization levy would cover e-commerce supply or service when any activity takes place online, including acceptance of the offer for sale, placing the purchase order, acceptance of the purchase order, supply of goods or provision of services, partly or wholly payment of consideration, etc.
Queries emailed to CBDT on Tuesday remained unanswered till press time.
The pact with the US means that from the current fiscal, New Delhi will not be able to keep the entire collections under the equalization levy, but only as much as is agreed under an OECD global tax deal signed in October. Under the arrangement, companies will be able to accrue the benefits in the form of credits for the tax paid in excess of that allowed under the OECD tax pact signed by 136 countries last year.
Experts said this may not translate into much revenue for India, considering the limited scope of the global tax. The Global Digital Tax deal would only cover tech giants with 20-billion-euro revenues (top 100 companies) and a profit margin greater than 10%, whereas the 2% equalization levy is applicable on non-resident e-commerce players with a revenue of ₹2 crore.
The rules of computation on the global tax deal are still awaited. Hence, the central board of direct taxes (CBDT) will work out the formula to calculate the tax due to India only after that.
“While the broad contours of the proposed digital economy tax regime were made public last year, the fine print of the rules and how the proposed multilateral convention (MLC) is negotiated and ratified by individual nations are to be seen. Equalization levy and other unilateral digital tax measures will be withdrawn by countries once the new MLC comes into force,” said Suranjali Tandon, an expert on taxation and sustainable finance and an assistant professor at the National Institute of Public Finance and Policy. According to a study by Tandon, tentative gains that will accrue to India are “modest” and may even lead to losses for India from the current revenues.
E-commerce companies that fall under the scope of the equalization levy include Alibaba, Adobe, Uber, Udemy, Zoom, Expedia, Ikea, LinkedIn, Spotify, and eBay. The OECD’s two-pillar multilateral solution gives rights to countries, including India, to tax digital players including Microsoft, Google, Facebook, and Netflix, besides setting a ‘global minimum corporation tax’ of 15%. The deal is intended to ensure that large multinational digital entities pay more taxes in countries where they have customers or users, regardless of where they operate.


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China’s economy grows 3.2% as virus lockdowns lifted
By JOE McDONALD AP Business Writer
BEIJING (AP) — China became the first major economy to grow since the coronavirus pandemic began, recording an unexpectedly strong 3.2% expansion in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened.
The growth reported Thursday was a dramatic improvement over the previous quarter’s 6.8% contraction — China’s worst performance since at least the mid-1960s. But it was the weakest positive figure since China started reporting quarterly growth in the early 1990s.
The latest figure “underscores the robust recovery China’s economy is going through,” Louis Kuijs of Oxford Economics said in a report. “We expect the upturn in China’s economy to continue.”
The coronavirus pandemic began in China in December. It was the first economy to shut down and the first to start the drawn-out process of recovery in March after the ruling Communist Party declared the disease under control.
“The national economy shifted from slowing down to rising in the first half of 2020,” the National Bureau of Statistics said in a statement.
The government has promised more support for job creation and is pumping money into the economy through higher spending and bank lending. But Beijing has avoided joining the United States and Japan in rolling out stimulus packages of $1 trillion or more due to concern about adding to already high Chinese debt.
Manufacturing and some other industries are almost back to normal operating levels. But consumers wary of losing their jobs have curbed their spending. Cinemas and some other businesses still are closed and restrictions on travel stay in place.
Economists say China is likely to recover faster than some other major economies due to Beijing’s decision to impose the most intensive anti-disease measures in history. That included cutting off most access to cities with a total of 60 million people and suspending trade and travel.
In the three months ending in June, factory output rose 4.4%, a sharp rebound from the previous quarter’s 8.4% contraction as factories that make the world’s smartphones, shoes, toys and other goods reopened.
Retail sales shrank by 3.9%, but that was much better than the previous quarter’s 19% contraction while millions of families were confined to their homes and shopping malls were shut down.
Exports grew by an unexpectedly strong 0.4% in June but still are off 3% for the first half of the year. June imports rose 3% — including a 10.6% jump in purchases of U.S. goods despite a tariff war — but are down slightly for the year.
Forecasters warn that exporters are likely to face another decline in global demand as sales of masks and other medical supplies taper off and U.S. and European retailers cancel orders.
A potential stumbling block is worsening relations with the United States, China’s biggest national export market. Relations with the Trump administration have soured over trade, technology, human rights and Hong Kong.
The two governments signed an agreement in January to postpone further tariff hikes in their fight over Beijing’s technology policies and trade surplus. But most increases already imposed remained in place.
National Bureau of Statistics (in Chinese): www.stats.gov.cn


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State police in Indiana County say they are filing charges against two people accused of stealing several items from Walmart, and then returning them for a gift card.
Lottery scams are not uncommon, but they typically involve a scam artist in another country or at least another state. What makes this latest local case unusual is that a person involved in the scam actually showed up at the victim’s house. KDKA is hiding the victim’s identity for her own safety.
Today is your chance to turn that unwanted gift card into some cold, hard cash.
The holiday shopping season is already underway, and there are sure to be some great deals out there. However, there are also scams that target consumers. That is the bad news. The good news is that you do not have to become a victim.
More information on auditions to be in a Walmart commercial.
We all spend a lot of time in our cars. Here are a bunch of great gift ideas for that frequent driver on your holiday list.
A man from Swissvale is facing charges for allegedly stealing tens of thousands of dollars worth of merchandise from several home improvement stores in an elaborate gift card scheme.
Rain-X, the ONLY wiper blades to apply Rain-X ® water-beading technology, wants to wipe away your holiday debt with a $500 American Express gift card!


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Startup Weekend is coming to Seattle in the New Year and this time around it takes place on Febuary 6-8th at Google’s offices in Fremont. This will be the second Startup Weekend in Seattle – the last one happened in January 2007 at Adobe’s offices.
Startup Weekend recruits a highly motivated group of developers, business managers, startup enthusiasts, marketing gurus, graphic artists and more to a 54 hour event that builds communities, companies and projects.
Founded in 2007 by Andrew Hyde, the weekend is a concept of a conference focusing on learning by creating. It is known for its quick decisions, ‘out of the box’ thinking, unique facilitation technique and letting the founders show what they can do. The program has already met with success in Boulder, Toronto, New York, Hamburg, Houston, West Lafayette, Boston, DC and more.
Tickets to the Feburary event are $40 and participants with a variety of skills can sign up – everything from software developers (including architects and system administrators), designers, public relations people, user experience experts, legal, business development people, and project managers.


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KFC is challenging in court the plan by Popeyes Louisiana Kitchen to buy into the Twin Cities market by snapping up the stores of a bankrupt KFC franchisee.
The Star Tribune reports that Louisville, Ky.-based KFC told a bankruptcy court that another one of its franchisees wants to bid on at least some of the restaurants that the Atlanta-based parent of Popeyes plans to buy.
Popeyes, the nation's No. 2 fried-chicken chain after KFC, last month said that it had reached a deal with Wagstaff Management, a California-based KFC franchisee that's in bankruptcy, to buy 28 KFC outlets (half of them in the Twin Cities) for $13.8 million. Popeyes currently only has one Minneapolis location.
The KFC competing bid is for $16 million, but it's unclear how many restaurants that bid is for.


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The virtual silence on cybersecurity in President Obama's State of the Union address shouldn't be construed as a lack of commitment by the administration on information security, a White House spokeswoman says.
Arts and crafts retailer Michaels is looking into a possible data breach that may have led to fraudulent activity on U.S. payment cards. But experts disagree about whether there's a connection to the Target and Neiman Marcus attacks.
Recognizing the leaders who play a critical role in shaping the way governments approach information security and privacy, GovInfoSecurity announces its fifth annual list of Influencers. See who made the list.
With information freely available about anyone on the Internet, ISACA's Robert Stroud says security professionals need to better monitor and control how personal information is being accessed and used.
In a speech revealing new limits on the way intelligence agencies collect telephone metadata, President Obama also announced a comprehensive review of how government and business are confronting the challenges inherent in big data.
CareersInfoSecurity's inaugural Top 10 Influencers list recognizes the leaders from business, education and government who are making groundbreaking efforts to have a great impact on information security careers in 2014.
First Target, then Neiman Marcus; who's next? And while banking institutions await the next attack, how should they respond to customers' anxious questions about this latest round of high-profile retail data breaches?
While news of the NSA's data collection caught many off guard, it's just another example of the U.S. culture of surveillance, says sociologist William Staples, author of the book "Everyday Surveillance."
Georgia Tech researchers are working on a way to profile devices along the supply chain to identify whether they've been compromised, says Paul Royal, associate director of the Georgia Tech Information Security Center.


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Capital One says a hacker, 33-year-old Paige Thompson, gained access to more than 100 million customer accounts and credit card applications earlier this year.
Thompson is a former tech company software engineer and has been arrested for the breach.
Capital One says it fixed the vulnerability exploited in the breach, that it’s unlikely the data was used for fraud or disseminated, but it is still investigating.
And it will notify people affected by the breach and provide free credit monitoring and identity protection.
The company said no credit card account numbers or login credentials were compromised.


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Whereas Apple computer infections show a growing trend, users can fall
victim to other cyber-attacks that involve phishing and may lead to identity
theft, financial losses, and other serious issues. Phishing is one of the
dominating forms of today’s online attacks. With social engineering at its
core, it mainly relies on booby-trapped links, typically arriving with emails,
to hoodwink recipients into disclosing their personal information to
particularly unnerving thing is that phishing kits available on darknet sources
can be easily accessed by individuals who don’t have a solid programming
background. It means that even people with basic computer skills may zero in on
Machine learning and artificial
intelligence are changing the way that businesses operate. Whether it’s on the
factory floor or in back-end IT, automated services and machines are increasing
speed and productivity all while freeing up workers to focus on tasks which
require a totally different set of skills.
Alongside this, we are seeing the role of AI in cyber security increase as well as the number of artificial intelligence security tools being used too. This is all because AI is trained to learn, develop and grow using the data it is provided with. Essentially, an AI system is constantly in a state of change and improvement. In an environment where hackers and security threats are everywhere and constantly looking for a way into a system, protecting company data has never had such a high priority. With this in mind, it’s important to understand exactly what is AI in cyber security and just how is AI in security being implemented?
By 2021, cybercrimes will cost companies USD 6 trillion, according to a study.
The number of internet users has grown from an estimated at 2 billion in 2015 to 4.4 billion in 2019, but so have the cybercrimes which are expected to cost companies USD 6 trillion worldwide, according to a study by Cybersecurity Ventures.
Similarly, the number of smartphone users has grown from 2.5 billion in 2016 to 3.2 billion in 2019 and is forecasted to grow to 3.8 billion by 2021. Smartphones and the internet will make further inroads to our economic system. But there are certain risks involved as well.
Mobile phones are becoming targets of cybercriminals because of their widespread use and increasing computing power. Consider the fact that more than 60 % of online fraud occurs through mobile phones. This threat is not just towards individual users but businesses as well. It does not matter how large the company is either. 43% of the cyberattacks in 2019 were aimed at smaller businesses because they do not have adequate protection.
The way we work and the spaces we work in have evolved considerably in the last fifty years. Corporate culture is nothing like what it used to be back in the 80’s and 90’s. Cabins and cubicles have given way to open offices. Many in the work-force today prefer to work remotely and maintain flexible hours. As such, hot-desking is common in many multi-national companies including those who have large office spaces. As the start-up culture evolved, there was a need for multiple small offices. This growing breed of self-employed professionals and start-up owners need other resources that are commonly required in the office environment like printers, shredders, Wi-Fi, meeting rooms, video-conferencing abilities etc . They also need a common place to meet people, network and exchange ideas because working solo could be monotonous at some time. Co-working has provided an all-in-one solution for the needs of such individuals and small groups of people by providing a common space where equipment and utilities could be shared between businesses who rent the space. Co-working spaces have thus become very popular across the world and especially in cities where real-estate is very expensive. According to statistics the number of co-working spaces has increase by 205% between 2014 and 2018
While it may be true that nobody can predict the future, when it comes to cybersecurity you can give it a good go. By looking at the security developments that we have witnessed over the past few years, it is perfectly possible to forecast what is likely to happen in the near future.
Plus, with 2020 just around the corner, now is the time to do exactly that. Staying ahead of the game and doing all you can to avoid the risk of a cyber-attack is vital; and what better way is there to do just that than by preparing yourself in advance.
From the rise of 5G to the implementation of AI, here are five cybersecurity predictions for the coming year.
Despite its negative connotations, the Dark Web is nothing to be afraid of. Few know that the Dark Web was actually thought out as a means of preserving privacy and security. However, this also enabled it to become a breeding ground for illegal activity.
There are certainly things to be distrustful of when navigating the Dark Web, and before venturing into it head-first, you should understand certain things about it.
What is the Dark Web?
The first thing you need to know is that there is no actual database for the Dark Web. Instead, there are only what are known as “peer to peer connections”, which means that the data you are accessing is not stored in just one place.
Instead, it is found on thousands of different computers that are part of the network, so that no one can actually identify where the information is coming from. You can upload to the network, but when downloading, there is no telling where you’re getting the data from.
“I’ve read that my web hosting provider’s website that they have a good security solution in place to protect me against hackers.”
This is a pretty common answer that a lot of bloggers and small business owners gave me when I ask them if they know about how secure their web hosting is. Also, they often add that their budgets are pretty tight so they’ve chosen to go with “an affordable provider.” By “affordable,” of course, they mean ‘ridiculously cheap.”
Come on, people.
Do you really think that a cheap web hosting has everything in place to stop a website attack? Do you think that they will protect you from all types of hacker attacks?
While I don’t know everything about how web hosting providers choose security solutions, I can tell you with some confidence that a lot of them have laughable solutions.
Some businesses – usually those that have never experienced any kind of major IT incident – think of cybercrime as an inconvenience. They may believe that if their company is hacked it will cause some disruption and perhaps an embarrassing news story, but that ultimately the breach will have only a minor effect.
However, the truth is that cybercrime can have a huge range of unexpected consequences. Here we take a lot of the real impact of a breach – cybercrime might affect you a lot more than you think.
Businesses need to take their cyber security seriously. There are huge financial implications for being hacked, not just from the perspective of lost revenue and weakened reputation, but also in the form of stricter regulations from laws such as the General Data Protection Regulation (GDPR). However, there are a number of myths about cyber security that make it difficult for companies to know what the best course of action is. Here are four myths about cyber security that are still affecting British businesses.
Myth #1: Cyber security is purely dealt with by the IT department
One commonly held myth that can actually put businesses at risk is the idea that cyber security is something that the IT department (and only the IT department needs to be concerned about). Of course, it is necessary to provide your IT team with the budget and resources to defend your business against the risk of a cyber-attack.
It is not a secret that many people nowadays do not pay much attention when they surf the web at home or at work. There are new data breaches and exploits on a daily basis and still avoiding to take any precautions may result in a catastrophic consequences. Even the biggest corporations are paying millions of dollars so they can improve their cybersecurity and remain safe. However, if you still believe in some of the cybersecurity myths you may put your own computer or even your whole organization to a huge risk. We from CyberDB have decided to bust some of the top 5 cyber security myths and make it clear for you.


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Samsung should run iOS Beta-like One UI Beta throughout the year
Samsung offers tons of features for its Galaxy devices to customize almost everything, even a small lock icon on the lock screen. Currently, Samsung is busy in rolling out its mature software One UI 5.1 based on Android 13 for eligible Galaxy devices. On the other hand, Google already started testing Android 14 and Apple releases iOS beta updates throughout the year, so why is Samsung lagging behind with One UI?
If we talk about Apple, then it pushes regular iOS beta updates so that users can get an error-free service. The company gives its users the opportunity to test the upcoming new iOS features before the stable release throughout the year. Samsung should also follow the footprints of Apple to provide a regular One UI beta update for testing new features.
Obviously, it is difficult for Samsung to roll out a One UI beta like Apple’s iOS beta as Google releases only one major update in a year. And based on that new Android version, Samsung initiates testing its One UI Beta which lasts only for a short period of time.
But Samsung can make some significant changes according to its own so that when a new Android OS stable will arrive, it can be easily deployed by Samsung for Galaxy devices. Samsung can also begin One UI beta update along with Google so whenever the Korean tech giant delivers its new custom skin then users can get a bug-free and better experience.
Samsung can start the One UI beta program only for limited flagship models including Galaxy S23, Galaxy S22, Galaxy S21, Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Z Fold 3, and Galaxy Z Flip 3, also in the limited beta testing countries.
The question is why should Samsung run iOS beta like One UI beta for a whole year? Is there any benefit from this? Yes, it has benefits. If Samsung runs the One UI beta throughout the year, it will be able to provide a bug-free service through its stable updates as well as enhance the stability.
Most importantly, Galaxy users can enjoy the upcoming features of the new Android OS ahead like Pixel devices. As of now, Pixel devices have started enjoying the features of Android 14 while Samsung will start testing these features in August or September and the stable release will be in October or November.
Instead of Camera, Samsung should bring battery upgrade to flagships
Nowadays, smartphones are being heavily used for gaming and photography. Accordingly, phone makers are focussing more and more on upgrading the imaging capabilities and performance of chipsets. So why not, Samsung should now bring battery upgrade to Galaxy flagships.
Battery upgrade should be the next aim
The recently launched Galaxy S23 Ultra brings a high-profile 200-megapixel camera, allowing users to capture lossless shots, even when cropped. With great collaboration between hardware and software, the new Samsung flagships offer peace of mind to consumers, when it comes to battery life.
In addition to camera lovers, people prefer buying a smartphone, which offers great battery life without compromising features and power specifications. In the same way, Samsung is reportedly working, and there’s still room for improvements in flagships battery life.
The Galaxy S24 Ultra could come with a new battery technology inspired by electronic vehicles. The company is considering stacked battery technology for smartphones, which will reduce the size keeping the same mAh and enhanced lifespan.
Since the stacked battery tech could leave more gap inside the phone, Samsung might not think about increasing mAh on flagship phones. Instead, the company may use an additional vacant area for upgrading other hardware elements and better placement.
The S23 Ultra even defeated the years-old leader iPhone in terms of battery performance, thanks to the “Snapdragon 8 Gen 2 for Galaxy” processor. Exynos 2400 is reportedly coming to the S24 series in certain markets, which re-creates concern about the phone’s battery life and performance.
That said, Samsung should focus on increasing premium Galaxy phones’ battery life so users can use them longer with a single charge. 45W fast charging is doing quite well, just improvements to battery life would prove as cherry on the cake.
What do you think about it, do share your thoughts with us through the Tweet embedded below.
Vote here: https://t.co/tOfPTuWKX7
— Sammy Fans (@thesammyfans) May 5, 2023
Poll Results: May 12, 2023
We ran a poll that received 106 votes from our readers’ community. Among all, about 70 percent of readers voted in favor of a battery upgrade instead of the camera, while 23.6 percent want both upgrades together. Meanwhile, 6.6 percent of voters still want Samsung to focus on flagship camera upgrade.
Instead of Camera, Samsung should bring battery upgrade to flagships #Samsung
— Sammy Fans (@thesammyfans) May 5, 2023
Samsung 4+5 strategy meets today’s demands of consumers
Tech industry is currently facing a global downturn, forcing companies to shut down businesses in hopeless markets. Promotion no longer remains the only way to sell more smartphones as consumers start comparing products on different aspects; reliability, security and software support.
Samsung, unquestionably meets the demands of consumers, thanks to its 4+5 strategy, ensuring longer Android OS and security updates support. The company is the biggest Android seller in the world, and of course leads the market too, beating rivals like Apple.
Since the Samsung 4+5 strategy still lags behind Apple, when it comes to software support, it is record-breaking in the Android segment. As vendors stop including pre-built charging adapters to reduce e-waste, the EU also mandated longer software support so consumers can keep using a phone longer.
“At Samsung, you get not 1, not 2, not 3, but 4 times Android OS updates. And 5 years is a long time, so your palm-sized pal will be in good hands with new regular security patches.”
Software updates play a key role in continuing great smartphone experiences, as well as the releases come with new features and optimization. Android is open source and gets packed with numerous flaws, Google patches them through security releases every month.
Accordingly, Samsung rolls out monthly patches to a large number of Galaxy devices, which ensures the most reliable system and user data protection. Android OS usually gets a new version in the second half of every year, bringing new useful features and life-saving tools to consumers.
Samsung, with its amazing One UI, dominated the Android market. The custom skin is neat, clean, and intuitive, ensuring smoother and more stunning experiences on Galaxy smartphones and tablets. Google introduces 1 each year, but Samsung utilizes it thrice (x.0/x.1/x.1.1), cool enough?
Until the second half of 2020, Samsung supplied two OS updates to all Galaxy devices. Later, the company raised the bar of software and reached up to 3, matching the Android maker. With the S22 launch, the Korean tech giant promised to bring up to 4 OS and 5 years of patches to select Galaxy models.
Samsung One UI 6.0 should bring color picker tool to Color Palette
Samsung One UI 6.0 will be the next big update for Galaxy smartphones and it will apparently bring a lot of new and unique features. Samsung enhances the Color Palette function with every major update, hopefully with One UI 6.0 the company will add something new to it.
Based on Android’s Material You theming, Samsung Color Palette offers various themes that sync with your current lock screen or home screen wallpaper. When you choose a color from the palette, your phone’s overall theme will be applied to menus, buttons, backgrounds, and apps.
When we change the wallpaper, the smartphone itself adapts to provide us with some palette and some basic color options related to the wallpaper.
But sometimes it happens that the color options that are given do not match our liking or we do not like to see them on our mobile. Well, Samsung also provides an option to disable the color palette feature, but if we want to apply a color palette of our choice!
At the moment it is not possible but can happen with the next major One UI update. Samsung should bring a Color Picker tool with One UI 6.0 for the Color Palette feature so that Galaxy users can choose a light, dark, or medium shade of their choice at their convenience.
Color Picker! This option allows you to pick desired color and shade from an image or a Color library. If the company brings the Color Picker tool with One UI 6.0 for Material You theming, then obviously it will be helpful for Galaxy users.
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With the second Android 14 Developer Preview, Google brought the Material You contrast slider option, which lets users adjust the hue level of the theme color. It offers three options to choose from – Standard (the default appearance), High (significantly more contrast), and a Middle option that splits the difference.


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More than 66% of U.S. residents who own SUVs or crossover vehicles and purchased another vehicle between January and April bought another SUV or crossover vehicle, according to business analyst IHS Markit. In 2012, 53% of SUV and crossover vehicle owners purchased another SUV or crossover vehicle.
Meanwhile, the percentage of sedan owners who purchased another sedan has fallen to 48.6%, from 56.2% in 2012. “If this trend continues through the rest of the year, this will mark the first year in which less than half of sedan households acquired another one when they returned to market,” according to IHS Markit. “In the first four months of 2017, two-thirds of sedan owners defected to an SUV/CUV — representing nearly 300,000 transactions.”
Also, pickup owners are purchasing more pickups, with 51% of the owners buying another pickup in the first four months of 2017. Low gas prices have led to the rise in loyalty to pickups, SUVs and crossovers.
The majority of sedan owners who switch to another body style are those who have only owned one sedan, according to IHS Markit. But those who have owned more than one of the same body style type are less likely to switch body styles. SUVs, pickups and sedans account for 85% of all new vehicle registrations in the United States, in the first four months of the year.


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FTC considering 'Click to Cancel' rule in bid to ease pain of ending subscriptions
The Federal Trade Commission is proposing a new "Click to Cancel" rule that would force companies to make it easier for consumers to drop unwanted subscriptions.
As customer problems hit a record high, more people seek ‘revenge’
Consumer anger has tripled since 2020, while more angry customers are seeking revenge and running into problems with services, as companies struggle to hire enough employees.
Disney-themed Mickey Mouse, Buzz Lightyear, and other figurines recalled due to choking hazard
A collection of Disney-themed vinyl figurines are being recalled because their detachable body parts pose a choking hazard to children.
Bed Bath & Beyond stock nearly doubles on short trading
Bed Bath & Beyond shareholders are watching their stock rise even as bankruptcy looms while Wall Street traders short the stock.
Credit Karma, HomeAdvisor push back after FTC orders both to pay millions
The Federal Trade Commission on Monday ordered Credit Karma and HomeAdvisor to pay millions of dollars for allegedly using deceptive tactics against consumers. Both firms pushed back.
House Republicans call on Biden not to ban gas stoves: ''Nanny state' at its worst'
House Republicans are demanding that the Biden administration cease any effort to ban gas stoves in American homes, after reports floated the idea earlier this week.
Biden White House says it does not support gas stove ban
A White House official said Wednesday that a gas stove ban should not be on the table as U.S. regulators weigh regulations that could reduce harmful emissions from the appliance.
Biden admin official tries to turn down heat, insists he's 'not looking to ban gas stoves' after backlash
The CPSC Chair set the record straight Wednesday on the idea of implementing a ban on all gas stoves, stating there is no ban on the table.
Consumer complaints about credit reporting agencies highlighted in CFPB report
The CFPB released a report regarding consumers' complaints about the nationwide credit reporting agencies and efforts to fix those concerns.
How to tell Amazon to tip your delivery driver $5
Amazon announced the roll-out of a feature on their Alexa-enabled devices which will allow consumers to send a 'thank-you' to their delivery driver.
Plant-based meat sales declining, industry possibly suffering 'perception problem'
Plant-based meat sales declining, industry appears to be suffering from "woke" perception problem, according to report. Just last week Beyond Meat announced it suspended COO Doug Ramsey.
Republicans join Democrats to ratify UN climate treaty that could boost consumer prices
The Senate ratified a United Nations climate treaty Wednesday, binding the U.S. to an agreement to phase out the use of a key chemical found in home appliances.
Underlying energy market conditions could signal pain for consumers this winter and beyond
Energy economists told FOX Business that consumers should expect higher home heating prices this winter and in future years due to the global energy crisis and green policies.
Musk touts oil, no repeat of 2008 housing crisis and more: Tuesday's 5 things to know
Tesla CEO Elon Musk calls for more drilling and exploration of fossil fuels for the immediate future as diesel and heating oil supplies are dangerously low in parts of the U.S.
CDC links ice cream brand to deadly Listeria outbreak
The CDC has linked a Big Olaf Creamery to a Listeria outbreak that has killed one person in Illinois and sickened 22 others, but the company claims nothing has been proven.
Inflation worries American entrepreneurs: survey
Inflation has become the number one concern among entrepreneurs, according to a new survey conducted by Capital One Business.
U.S. Senate votes to move forward with Alvaro Bedoya's nomination to the FTC
The U.S. Senate voted Wednesday to advance to a confirmation vote for President Biden's nominee to the Federal Trade Commission, privacy advocate and Georgetown University law professor Alvaro Bedoya.
US consumer optimism hits decade low
American consumers' optimism has hit its lowest level over the past decade according to a new survey
Best Buy billionaire founder 'feeling really good about the holiday season' despite rising inflation
Best Buy founder Richard Schulze said that he is “feeling really good about the holiday season” despite rising inflation.
Supermarket giant ends in-store butcher service, moves to packaged meat
An Australian supermarket chain, Coles, will no longer offer in-store butcher services for customers, moving entirely to pre-packaged meat.