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In order to provide an insight into the business developments in Rezekne municipality, the Lursoft study analysed the dynamics of the companies registered and liquidated in the municipality, examined their overall and average financial results, as well as compiled data on the number of employees in the company registered in the municipality.
The general trend of the country is marked by the municipality of Rezekne
The aggregated data show that, as in the country as a whole, there is a tendency in the municipality of Rezekne to increase the number of enterprises that have been eliminated in recent years than the number of newly registered enterprises. The reasons for the significant number of liquidated enterprises have been the most diverse, but one of the most important – companies not complying with the requirements of the Commercial Law – after the initiative OF THE SRS or the register of companies, excludes from registers companies who do not perform economic activities for a long period of time, whose board of directors does not have a right of representation for a longer period of time, etc.
The data collected by Lursoft shows that 53 new companies were registered in the Rezekne municipality in 2015, but 63 were eliminated at the same time. A similar trend is also observed this year, when 29 new companies have been registered by 6 June, but 41 are eliminated.
In assessing the dynamics of company registration in Rezekne municipality, it is shown that it has been relatively wavy over the past decade. For example, if 75 new companies have joined the company in 2007, the dynamics of registration of new companies has been negative in the next two years, while as of 2010 there has been an increase, which reached the highest point in 2012, when 98 new companies have commenced their activities.
In view of the sectors where the business of Rezekne is most often carried out, the leading positions have shown that there are several sectors where local natural resources are used, such as mixed agriculture, harvesting and the cultivation of cereals, legumes and oil seeds. It is true that, among these sectors, there are also areas of business which have been held for several consecutive years by the first positions between Latvian companies: retail trade and freight transport by road.
Most popular business sectors in Rezekne municipality:
1. Mixed farming (cropping and livestock farming);
2. Retail sale in non-specialized stores, mainly selling food, beverages or tobacco;
3. Freight transport by road;
5. Growing of cereals (other than rice), pulses and oilseeds.
In taxes last year, they paid more than in 2014
According to Lursoft, despite the decrease in the number of newly registered and raised enterprises in recent years, the tax payments of the Rezekne municipality have increased in the state budget. The information collected shows that in 2015, the company's government budget has been supplemented by 8.14 milj.EU R, which is by 11.661 TP1T more than a year before.
The largest tax payer in 2015, as in the previous year, has BEEN Latvijas Finieris Rēzekne Special Economic Zone SIA VEREMS, which, in the last year, paid 2.07 milj.EU IN taxes in the state budget compared to 2014, the amount of taxes paid by the company increased by 0.2 milj.EU R or 10.861 TP1T.
The second largest taxpayer in the municipality of Rezekne has been a waste management company SIA owned by seven municipalities in the last year. ALAAwho paid 582.93 thousand in the state budget in 2015 EUR or eur 112,53 thousand EUR more than a year before.
In the third place, with 437,93 thousand EUR for large payments in the national budget are ranked IN 2015 Ludza Forestry, which, like the two previous companies, has increased the amount of taxes paid in the State budget.
It should be noted that all companies registered in Latvia have paid 5.7 billion euros in the state budget in 2015, which is 0.4 billion euros more than a year before.
The average turnover of the municipality exceeds the average national average annually
Over the past five years, the highest total turnover of the Rēzekne municipality has reached the highest total turnover in 2013, when the registered companies have amended a total of 126.62 milj.EU RS in the coming years, following a drop in total turnover, which has also continued in 2015. In the near future, the total turnover is expected to be expected to be positive in the near future, as the annual accounts have not yet been submitted by a number of major companies, which will be positively affected by the overall indicator, thus likely to achieve the 2014 result.
As a result of the fall in total turnover, the average decrease in turnover has also been observed in recent years. However, despite the fact that it dropped 16,721 TP1T since 2012, it still exceeds the national average.
Lursoft estimates that in 2012, when the average turnover of companies registered in Rezekne was 29.47 thousand IN EUR, the national average was 37.281 TP1T lower. It should be noted that, as the average turnover of companies registered in Rezekne's municipality and the trend increase in the national average, the average weight of registered companies over the country is decreasing annually. For example, in 2015, it was no longer just 11,801 TP1T higher, while in 2014 the average turnover in Rēzekne province over the national average was 31,411 TP1T.
Absolute leader in Rēzekne municipality by volume of turnover in recent years is RSEZ SIA VEREAM. Last year, the company increased its turnover by 17.441 TP1T, reaching 29.88 milj.EU R. continuing growth, it is expected that this year, the company will continue to show increase in turnover because, as SIA indicated in the submitted management report. VEREMS management, in 2016, it is planned to increase the production volume of large-scale plywood by 5,51 TP1T, exceeding the milj.EU threshold of 30%.
After the largest turnover in second place, another company of the Rezekne Special Economic Zone – SIA LEAX Rezekne. Last year, compared to 2014, the company's turnover increased by 9.471 TP1T, reaching 12.18 milj.EU R. Lursoft's available information shows that the company has shown considerable growth since its formation in 2010, able to gradually increase its turnover from 6.05 milj.EU R in 2011 to 12.18 million already mentioned. EUR last year Information available in the annual report shows that 90,371 TP1T from SIA LEAX Rēzekne sales are made up of exports.
Aside from the fall of 23.481 TP1T, last year, the third highest turnover figure in Rezekne municipality has been reported AS Ludza Forestry. In 2015, the harvesting and wood processing company distorted 4.61 milj.EU R, with a significant decrease in profits, falling from 227,40 thousand. Eur in 2014 to 137,57 thousand EUR last year, which is explained by the fall in the prices and volumes of the sales of logs, as well as the increase in the cheapest proportion of assortment.
It should be noted that VERY close Ludza Forestry SIA is also mentioned on the trail NB & BV Transportwhich, due to the increase in turnover by 18,601 TP1T, has been distorted by 4.60 milj.EU R last year.
Profit Indicators Variable
Unlike the average turnover indicator, which has shown a steady downward trend in recent years, the profit figures of the company show variable results annually.
According to the information gathered by Lursoft, the total profit of the Rezekne municipality was estimated at 2.711 TP1T in 2014, reaching 8.34 milj.EU R, but has already increased by 15.111 TP1T in 2015, reaching 9.6 milj.EU R. Note that the merit of such rapid increase in total profit has been several companies. So, for example, VEREMS profit increased by 62,471 TP1T, LEAX Rēzekne – 35,571 TP1T but SIA BASTARD profits increased more than twice. Rapid growth has also been reported by the farm farm of Gaigalava parish JASMINE, whose profits have increased from 30,99 thousand during the year Eur in 2014 to 196,96 thousand EUR last year
When comparing the profit indicator of the company of Rezekne with the national average, it is necessary to provide special attention to the enterprises. Lursoft estimates that in the period from 2012 to 2014, the average of Latvian companies was 0 EUR, which means that the companies have been working without losses, but they have not been able to profit. But at the same time, the average profit rate of the Rēzekne municipality has been measured even in several hundreds, reaching the highest point in 2013, when, according to Lursoft calculations, on average one registered company earned 710.50 EURO.
In the coming years, growth has no longer continued as the year-2014 average of the average average profit is reached with a profit/loss of EUR 0.
The largest company in the year after the profit was previously mentioned in the Rēzekne Special Economic Zone SIA VEREMS, which concluded in 2015 with a profit of 5.24 milj.EU R, which, in comparison with 2014, has an increase of 62.471 TP1T. As the company's profits have grown over the past years, it is shown that it has experienced a gradual increase every year, rising from 336,21 thousand. In 2010, up to 5,24 milj.EU R.
The second highest profit indicator was presented in 2015 by Rēzekne Special Economic Zone SIA LEAX Rezekne, which has increased by 35.571 TP1T during the year, reached 1.05 milj.EU R. LEAX last year Rezekne the management points out that the company invested in the increase in hardening and redemption capacity in the previous year by successfully launching their use at the end of the year, thereby increasing the added value of the products. In the accounting year, the company also acquired new production facilities which give it greater production advantages compared to competitors, which allow the growth of the company to be expected in subsequent years, which is likely to be reflected in the financial indicators of the following years.
In contrast to the two companies mentioned above, whose profits exceed a million euros, subsequent followers cannot be proud of such significant financial indicators, but this does not undermine their willingness to achieve more and better indicators each year.
Lursoft estimated that in terms of profit, the third largest company in Rezekne municipality was SIA SPRUŽEVA M in 2015, which has reached a profit of 0.37 milj.EU R. In comparison with 2014, the profit of the producer of agricultural production decreased by 22,691 TP1T last year.
Positive trend for total number of employees
Due to the registration of new businesses and the growth of existing companies, the number of employees registered in the Rezekne municipality is increasing annually. According to Lursoft, the indicator has already increased by 9.491 TP1T in 2014, reaching 3.2 thousand employees since 2012, when the companies employ 2.9 thousand employees.
Given that companies still continue to submit annual accounts, the increasing trend of the number of employees is expected to continue in 2015.
According to Lursoft, on average every Rēzekne municipality employs 2 workers who are as much as the average in the country
In assessing who operates the largest number of jobs, the two largest companies of Rezekne municipality, SIA VEREMS and Rezekne Special Economic Zone SIA LEAX Rezekne, are advancing in the leading positions. In 2015, 339 and 139 workers were employed in enterprises.
Although the number of employees in the company decreased, THE third place of the list ranks SIA BAIBA, who provided 78 employees with jobs in 2015. The wood-processing company jointly owned by Inese and Dainim Katkovskis and Imanta Koroshevsky, which commenced operations in 1995, qualified for the production of all types of wood pallets in recent years, as well as the purchase of sawn materials, sawn logs and wooden boards. The information submitted in the annual report shows that, in the coming years, SIA BAIBA intends to continue producing all types of wood pallets, increase production capacity and volumes by purchasing new technological equipment and concluding contracts with new co-operation partners. Most or 54,351 TP1T of the company's turnover is made up of sales in France.
* data for 2016 aggregated to 06.06.2016 and 2015 financial indicators – 23.05.2016


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A lingerie shop is appealing for unwanted bras to help some of the world's poorest women.
Chantilly, on Cheetham Street, is raising money for the Breast Cancer Campaign.
For every bag of used bras Chantilly collects, £5 will be donated to the charity.
The items will be given to women in Africa who would otherwise be unable to afford underwear. The scheme is being organised by textile recycling firm BCR Global.
Marjorie Thompson, managing director of Chantilly, said: “BCR Global is a family-run business doing a fantastic job recycling textiles and also donating money to the breast cancer charity.
“We have one of their bra banks in our shop and I would encourage the ladies of Rochdale to donate their unwanted bras with us to help the scheme.”
The campaign has already raised more than £32,554 for the Breast Cancer Campaign.
For more information, visit www.bcrglobal.co.uk .

domain: news


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The ongoing future of cloud measuring may not be limited by the industry’s greatest affect providers, said Ali Ghodsi, a good cofounder in addition to Ceo regarding $twenty eight billion fake intelligence startup Databricks. It’s supposed far beyond you to, he saidvia a thought he and you may College or university away from California, Berkeley professors Ion Stoica and you can Scott Shenker label “heavens measuring.”
The 3 try connected due to desktop technology and AI look on UC Berkeley, with Stoica now executive president regarding Databricks and Shenker toward board. Their tip is the fact that the dominating cloud companies, Craigs list Net Qualities, Microsoft Blue, and you may Bing Cloud, will ultimately reach an identical quantity of attributes within straight down tiers away from infrastructure. AWS, the marketplace leader, is actually the first to ever generate away their affect characteristics, however, Ghodsi said Microsoft and you may Yahoo are easily catching up.
The difficulty now could be one Auction web sites, Microsoft, and you can www sugardaddie com reviews Google cannot make affect networks accessible to the other, Ghodsi, Stoica, and you can Shenker said.
It’s a comparatively common strategy from the tech business, in which companies such Apple restrict when you look at the-household application on their own technology or platforms. Contained in this affect calculating, a buddies can get not be able to play with an enthusiastic AWS cover provider towards Microsoft’s cloud, instance.
Indeed, in their paper defining the idea, Stoica and you will Shenker published one to to have heavens computing working, affect business need certainly to adopt “mutual study peering in order that jobs can certainly migrate within highest and you can heterogeneous distinctive line of item clouds”ultimately swinging a toward “a heavens laden with formula, unlike remote clouds.”
That also hinges on the fresh core blocks off affect measuring are “commoditized,” Ghodsi told you, and therefore-entitled higher-peak platform features, like application and you may database, up coming become far more valuable. Which is when Auction web sites, Microsoft, and you can Yahoo can start opening up the networks together, the guy told you.
“As the games actions up the pile plus the posts below gets marginalized, therefore the stuff more than is the perfect place the application margins is, you are going to see that might in the near future see, ‘Wait one minute, what makes i restricting this program one to we’re strengthening to just all of our cloud’ We wish to be successful almost everywhere. If you don’t we are strangling this new funds that app will get,'” Ghodsi informed Insider.
He called the business’s connection with AWS, Microsoft, and Bing “interactive,” together with business have also taken in funding away from all of the around three
“Back in the day, it was not designed for Mac,” he said, “however, fundamentally if systems had become commoditized and you may operating program funds was not essential, abruptly it offered Mac computer or any other anything too.”
It is also significant you to definitely Stoica and you can Shenker told you it was not the end of AWS, Microsoft Azure, otherwise Google Affect.
“We will have each other kinds of providers,” they said. Stand-by yourself company is ideal suited to smaller customers who need alot more assistance with cloud innovation, when you find yourself “excellent pages” usually relocate to new sky model because they can availability higher invention, new faculty told you.
One bodes well having Databricks, that can be used with three major affect manufacturers, Ghodsi said. But Databricks is invested in an open means, Ghodsi extra, in which its products can work at this “sky measuring” height.
In the event the just in case heavens calculating will get possible, Ghodsi acknowledges the big Three business you’ll perform her Databricks-eg systems, that would take on the fresh new business and performs between your affect platforms.
Ghodsi brings an assessment to Work environment, Microsoft’s leading production software and one of one’s tech giant’s extremely common and lasting items
“Create I think at some point this new affect dealers can start performing just the same thing’ Sure, I do,” he told you. “However, execution while focusing issues.”


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Sustainable fashion by Kate March.
60 million tons.
That is just how much plastic the fashion industry is responsible for producing globally each year. On top of that, the United Nations Environment Program stated the industry has a larger global carbon footprint (10%) than international flights and shipping…combined.
It’s no secret the fashion industry is having a large impact on the pla…
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By Stanley James
Zimbabwe’s re-industrialisation drive is taking shape with capital goods such as machinery and equipment dominating the country’s import bill in a development which shows long term investments in the local industry.
The country’s import bill for April this year stood at about US$490 million, with capital goods dominating.
Announcing trade and inflation data on Monday, Zimbabwe National Statistics Agency (ZimStat) Director for Macro Economics, Mrs Tafadzwa Bandama revealed that increased production and availability of local goods has resulted in less imports of goods such as groceries.
“The external trade statistics report traditionally produced a summary of monthly external trade data that reflected a steady drop in inflation with consumer goods imports, being on a downward trend between January and April.
“Machinery and equipment dominated imports at 16,3 percent followed by vehicles at 7,3 percent, electrical machinery 5,5 percent, cereals, maize, rice, wheat at 5,3 percent.
“On the export front, minerals dominated at 23,2 percent followed by tobacco and cotton.”
On inflation, the ZimStat director outlined how prices slowed down this month.
She said month-on-month inflation for June 2021 was 3,9 percent compared to 2,5 percent for May 2021, while year-on-year inflation was 106,6 percent compared to 161,9 percent in May 2021.
Government has with effect from this month started releasing provincial inflation data.
“In view of government’s devolution policy, ZimStat will be publishing inflation statistics by province in addition to national inflation statistics with effect from June 2021,” she said.
The trade and inflation statistics reveal that in the past few years, the country had become a net importer of consumer related goods which could be manufactured locally.
The post Re-industrialisation drive gains momentum as capital goods dominate imports: ZimStat appeared first on ZBC NEWS.


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Former Tesla employee 'maliciously sabotaged' company: Report
Tesla has been the subject of multiple sabotage attempts recently
Tesla sent an email to workers last month informing them that an employee sabotaged part of a factory, tried to cover up his tracks, destroyed a computer, then was fired after eventually confessing to his misdeeds, Bloomberg reported.
Tesla's 5.3 million square foot factory in Fremont, Calif., is home to more than 10,000 workers who manufacture the brand's Model S, Model X, Model 3 and Model Y vehicles. Tesla operates a second automobile assembly plant in Shanghai, China, which currently produces only the Model 3 for local sales.
“Two weeks ago, our IT and InfoSec teams determined than [sic] an employee had maliciously sabotaged a part of the Factory,” Al Prescott, Tesla’s vice president of legal and acting general counsel, wrote in an email to employees that was reviewed by Bloomberg. “Their quick actions prevented further damage and production was running smoothly again a few hours later.”
ELON MUSK IS NOW TESLA'S SOLE VOICE AFTER KEY DEPARTMENT GETS CUT
Stocks in this Article
Tesla did not respond to a request for comment Tuesday.
The electric car giant is no stranger to saboteurs.
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Tesla won a lawsuit last month against a former employee who was fired after he allegedly hacked into a company database and shared information with unnamed third parties.
Also last month, the Justice Department accused 27-year-old Russian Egor Igorevich Kriuchkov of attempting to recruit a Tesla employee to introduce malware into the company's computer network with the purpose of extracting data and extorting Tesla.
This story has been updated with additional information about Tesla's automobile production footprint


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The number of new private homes sold last year have risen on the back of declining prices in the primary private home sales market. Fighting against predictions of a languishing private residential sector, new private home sales have held up in 2016 with 8,136 new units sold, 9.4 per cent higher than 2015’s 7,440.
Buyers have been picking up units directly from developers, aided by a couple of pushes from low interest rates an and lower selling prices. Though 2016 was a slow year for Singapore’s real estate industry in terms of home prices, the number of transactions clocked have surprisingly went against all odds. While private home prices have fallen over the past 3 years, market sentiments have begun to pick up last year and increased interest and availability of one- and two-bedroom units whose total quantum prices were more palatable for the general buying public and investors alike.
In Q4 of 2016, 2,480 new units were sold, the highest number in a quarter for the year. Despite the year end’s usual market lull and only 90 new units launched in the last quarter, December’s sales were positive with suburban projects leading the way with 231 sales, followed by 112 in the city fringes and 24 in the core central region. Last month’s best seller was The Santorini in Tampines which sold 26 units at an average price of $1,046 psf.


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The 2021 Jeep Compass is now on sale in India and continues with its petrol-diesel and manual-automatic combo. In fact, even with the oil-burner with an all-wheel-drive system. Let's take a look at the top three major changes on this mid-size SUV with no alterations to its powertrain, a handful of changes to its exterior, but a completely new cabin.
1. Cosmetic tweaks
Exterior changes as mentioned earlier are minor, with the majority of them on its fascia. We've particularly liked the deletion of chrome accents from its front end. All the bling has been cut down thanks to black and grey inserts. Its headlights now look slimmer and sharper, while the new bumpers still lend it a muscular look. Round at the back, the SUV looks similar to its predecessor and even the side profile is the same, save for the new alloy wheel design.
2. New Interior
Jeep has completely revamped the Compass' cabin though. It gets a new dual-tone interior with soft-touch materials and boasts of a new three-spoke steering wheel along with a customisable instrument cluster behind it. There's even a large new floating touchscreen infotainment system with connected car tech, it supports wireless Apple CarPlay and Android Auto, and is paired to a 360-degree camera and an Alpine sound system with a subwoofer. What's more, the SUV now gets a wireless phone charger, ventilated seats, and even a powered tailgate.
3. New tech
Features such as automatic headlamps, wipers, and climate control have been retained along with a panoramic sunroof, cruise control, and keyless entry with push-button start. Even on the safety front, it gets six airbags, parking sensors, ABS with EBD, and electronic stability control. Interestingly, the new 10.1-inch centre-mounted display gets the carmaker’s latest UConnect5 software. It not only takes care of all your infotainment needs but also shows all the controls of the air-con system and car's onboard data.


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Xiaomi has launched its Mi TV 4A 40 Horizon Edition in India today. The smart TV is the third model in the Horizon Edition lineup, which includes a 32-inch and a 42-inch model. Mi TV 4A 40 Horizon Edition highlights include 20 W stereo speakers, Patchwall UI based on Android TV 9, and Xiaomi’s own Vivid Picture Engine (VPE) technology. The newly launched smart TV will go on sale in India on 2 June on Flipkart and Mi.com.
Mi TV 4A 40 Horizon Edition pricing, availability, sale offers
The Mi TV 4A 40 Horizon Edition is priced at Rs 23,999 in India. It will be available for purchase on Mi.com, Flipkart, Mi Home, and Mi Studio stores and retail stores starting tomorrow (2 June).
The company will also offer an instant discount of Rs 1,00 on HDFC Bank credit and debit cards.
Mi TV 4A 40 Horizon Edition features and specifications
The smart TV features a 40-inch FHD display with a 178° viewing angle and 1,920 x 1,080-pixel resolution. The display offers a 95 percent screen-to-body ratio. The smart TV also comes with Vivid Picture Engine that offers better picture quality with deeper contrasts, colour reproduction, and more.
It is powered by a 64-bit quad-core chipset and offers 1 GB RAM and 8 GB internal storage. The smart TV runs on Patchwall UI based on Android 9. It also comes with a built-in Google Assistant and Chromecast. According to Xiaomi, the TV comes with a Mi Quick Wake feature that allows users to wake up the TV in less than 5 seconds.
As for audio, Mi TV 4A 40 Horizon Edition houses 20 W speakers that support DTS-HD technology. It comes with 3 HDMI ports, 2 USB-A ports, a 3.5 mm jack, and more connectivity.


text: Apple isn't the only one developing an exclusive news service for its mobile customers. Samsung has announced a partnership with Axel Springer, a publisher of European newspapers including Die Welt, Bild and Fakt, to develop a news platform called "UPDAY." It'll be exclusive to Samsung Galaxy devices, and a beta version is set to land in the Google Play store this Thursday. What isn't clear, however, is how much content, if any, Axel Springer will be producing exclusively for the service. UPDAY is being pitched as an "aggregated news content platform," with stories selected both algorithmically and by a local team of news editors. Initially, the app will be restricted to Galaxy device owners in Germany and Poland -- the countries where Axel Springer is dominant -- before rolling out to "other European markets" early next year. If it's successful, or Samsung thinks it has potential, there's every chance it'll be launched further afield in the future.


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Why digital measurement is the need of the hour4 min read . Updated: 13 Jul 2017, 12:21 AM IST
Clearly, a need to measure digital has arisen as the medium has reached critical mass. Marketers need to know what is working and what is not
Much like several digital media experts, Rajiv Dingra, founder and chief executive of the social and digital media agency WATConsult, too, welcomed the announcement made by Broadcast Audience Research Council (Barc) India last week.
Barc India, the television viewership monitoring body, said that it had tied up with research and information firm Nielsen for a range of digital media monitoring products that it will offer. Dingra is looking forward to a transparent digital measurement system with common metrics.
With Nielsen as its primary digital measurement partner, Barc India promises to launch a host of services under the brand name EKAM that will enable comprehensive video measurement, that is, all video (advertisements and content) played across TV and digital platforms. Initially, however, it will measure only advertising, that is, the video ad campaigns, and the services will be rolled out over a period of two years starting at the end of this year.
Barc says EKAM will allow the industry to transact on a common currency with transparency.
It is easy to see why Barc India is keen to launch its digital measurement services. The time is ripe for these services to come into the Indian market.
“The consumption on second screen is increasing. Based on forecasts in several industry reports, digital advertising is pegged to grow at 30%+ to reach about Rs9,500 crore in 2017, accounting for about 15% of total ad spend. This itself makes measuring the platform essential," says Partho Dasgupta, chief executive, Barc India.
Apart from this, globally, there has been talk about the need for a third-party digital measurement to bring in transparency and uniformity.
“Currently, different platforms have different metrics to measure performance of ads or content being aired. This does not give the advertisers the right knowledge on their RoI (return on investment)," he adds.
“Digital is a fast-growing medium and a big area for measurement. Large and small businesses as well as SMEs (small and medium enterprises) are going for digital advertising and there is a dearth of measurement in the sector right now," says Prasun Basu, president, South Asia, at Nielsen.
It is also time to look beyond the buzz around digital. It is important to measure digital media as the companies are increasingly enhancing their expenditure on the medium. Instead of the 4-5% share of the total advertising budget which they kept aside for digital, their spending on the medium now is nearly 15% on average.
“In fact, some youth-focused companies are spending as much as 30% of their total media budgets on digital. That is significant. It is no longer a 5% medium," says Basu.
Clearly, a need to measure digital has arisen as the medium has reached critical mass. Marketers need to know what is working and what is not. They need to study its effectiveness.
Basu says that when a medium gets a measurement system of its own, it starts growing.
To be sure, for the last couple of years, Nielsen was running a digital media study for its individual clients. But once the Barc-Nielsen measurement is launched, it will become an industry standard.
“Once the new measurement metrics is rolled out, it can serve 200 clients at the same time," adds Basu.
It is also a great time to launch digital measurement services as online media is growing rapidly. According to a December 2016 report by the Internet and Mobile Association of India and market research firm IMRB International, the number of Internet users in India was expected to reach 450-465 million by June 2017.
The report added that the overall Internet penetration in India is currently around 31% with sufficient headroom for growth.
According to Dingra, the growth drivers for Internet adoption in India are availability and affordability of smartphones with declining rates for high-speed data. Besides, availability of content in local languages also plays a major role in the growing adoption of Internet in the country.
There’s definitely a consumer pull that is fuelling growth in online media. Local language content, access to family and friends via the Internet in addition to access to education, entertainment and even facilities like healthcare and e-commerce are major reasons for the consumer pull.
The growth is also on account of the government’s push to make India digital and encourage the use of digital payment gateways as well as the efforts of marketers to enhance the distribution of their products and services.
Clearly, the future of digital media in India is bright, and mobile will be the primary mode of digital consumption.
“Explosion of video content and multi-format content in video form will be the norm," says Dingra, adding that “technological upgradation including but not limited to automation, artificial intelligence and programmatic will result in even more accurately targeted messaging, hence increasing the digital advertising relevance."
The IAMAI-IMRB report said that urban India has close to 60% Internet penetration, but the penetration in rural India is 17%, which indicates the vast potential for growth.
“Clearly, there will be the entry of rural consumers and thereby rural-centric services and content will evolve. Besides, vernacular content platforms will also experience growth," Dingra says.
Shuchi Bansal is Mint’s media, marketing and advertising editor. Ordinary Post will look at pressing issues related to all three. Or just fun stuff.
Respond to this column at firstname.lastname@example.org


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The Dow Jones added 251 points or 0.9% to 28,838, up from a deep decline. The S&P 500 climbed 57 points or 1.6% to 3534. The Nasdaq jumped 296 points or 2.6% to 11,876. The current prospects are that Dow Jones will decline in 2021.
The Gross Domestic Product (GDP) in the United States was worth 21,427 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of the United States represents 17.65 percent of the world economy.
GDP per capita PPP in the United States is expected to reach 59,770 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States GDP per capita PPP is projected to trend around 60,500USD in 2021 and 61,100 USD in 2022, according to our econometric models.
Wage Growth in the United States is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in the United States to stand at 2.80 in 12 months time. In the long-term, the United States Wages and Salaries Growth is projected to trend around 5.80 percent in 2021 and 3.60 percent in 2022.


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NEW YORK, Dec. 25 (UPI) -- A U.S. toy industry analyst says toymakers Mattel and Hasbro are "terrified" of children turning away from traditional toys toward tablet computers.
Sean McGowan, managing director of equity research at investment banking firm Needham & Company, said children as young as 3 years old are receiving tablets such as iPads and Kindle Fires for Christmas this year, instead of Barbie and other traditional playthings, The Financial Times reported Tuesday.
"The top two guys, Mattel and Hasbro, they are terrified," McGowan said. "They should be terrified, but the official party line is they're not terrified."
Hasbro officials said the company is working to catch up to the tech-savvy youngsters.
"Clearly, young people have an aptitude for and expectation with digital platforms that we need to recognize," said John Frascotti, chief marketing officer for Hasbro.
Frascotti said one of the company's attempts to recognize the importance of digital media is the reinvention of popular 1990s toy Furby, which now comes with a free mobile app used to "feed" the toy and translate its language, "Furbish," into English.
Mattel officials declined to comment.
|Additional Science News Stories|
TUCSON, May 22 (UPI) --The Pima County Sheriff's Department released 580 photos of the Tucson crime scene where six people died and then-Rep. Gabrielle Giffords was among the wounded.
BEVERLY HILLS, Calif., May 22 (UPI) --Photo agency INF says its employees were not chasing singer Chris Brown's Porsche when it hit a wall in Beverly Hills, Calif., Tuesday afternoon.
WASHINGTON, May 21 (UPI) --The Senate Judiciary Committee voted 13-5 Tuesday night to send U.S. immigration reform legislation to the Senate floor.


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|By PR Newswire||
|November 26, 2012 11:25 AM EST||
CINCINNATI, Nov. 26, 2012 /PRNewswire/ -- Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, will present the fourth webinar of its Vantiv Insight Series, "Executive Thinking on Payments," on Nov. 28, 2012 from Noon to 1:00 pm Eastern Time (ET).
Industry experts, Peter Kulik, vice president of product strategy at Vantiv, and Ken Paterson, head of research operations at Mercator Advisory Group, will explore how financial institutions and merchants can position themselves to meet consumers' expectations about mobile payments, prepaid, EMV and other new technologies.
"Our research shows there is a major disconnect between which emerging technologies consumers expect to use and what financial institutions and retailers are prepared to adopt," said Kulik. "The good news is – research by Vantiv provides valuable insights into ways businesses can bridge this gap and position themselves for success."
In 2012, Vantiv commissioned Mercator Advisory Group to conduct confidential interviews with 35 top executives at financial institutions and Tier 1 retailers. By overlaying the resulting data with its primary consumer research, Vantiv has identified the most prominent company–consumer discrepancies and areas for business opportunity. These insights, to be revealed on the Nov. 28 webinar, provide a clearer picture of the changing payments landscape.
Key findings to be discussed on the webinar include:
- What's keeping executives up at night? The top fears financial institutions, merchants and consumers have about emerging payment technologies,
- How evolving capabilities are making mobile payments and eWallets more compelling for consumers,
- Why financial institutions think merchants should lead the mobile charge and the converse,
- The gap between consumer uses and business marketing of prepaid cards,
- How the impending rollout of EMV technology is a source of anxiety for merchant executives and how consumers view this transition.
Webinar attendees will have the opportunity to download the Executive Thinking on Payment Opportunities white paper, which provides more detailed information regarding the research presented on Nov. 28. To participate in this informative webinar, please register at http://info.vantiv.com/executive_thinking.
For more information about the Vantiv Insights series, to replay previous webinars, or to download articles from the Vantiv Resource Library, visit vantiv.com/Insights. Vantiv Insights can also be found on Twitter, Facebook, LinkedIn and Google+. For more information about Vantiv, please visit vantiv.com.
About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV), is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high growth payment segments, such as prepaid, ecommerce, mobile and information solutions, and attractive industry verticals, such as business-to-business, government, healthcare and education. For more information, visit vantiv.com.
©Copyright Vantiv, LLC. All rights reserved. Vantiv, the Vantiv logo, and all other Vantiv product or service names and logos are registered trademarks or trademarks of Vantiv, LLC in the USA and other countries. ®indicates USA registration.
Director of Public Relations for Vantiv
SOURCE Vantiv, Inc.
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Huawei’s rotating chairman said the company is now seeking support and understanding as it “is susceptible to making mistakes” as a newcomer.
Nio on Saturday revealed its second fully electric premium sedan model ET5 to reach a larger customer base.
The companies expect the new models to take a significant share in the Chinese premium EV segment and fulfill their ambitions to establish a “world-class high-end” Chinese car brand.
Geely unveiled a model electric semi-truck that will have highly autonomous driving functions in 2024, posing a threat to Tesla.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.


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The micropub trend continues with plans to turn an empty blinds shop into a mini boozer.
An application, by Stuart Bell, to transform the vacant premises in Main Street, Bulwell, has been approved by Nottingham City Council.
The building, opposite the Riverside Centre, has been empty since December 2016.
It is the second micropub development to be announced in as many weeks.
Last week Newsagents, Giltbrook News, announced it would close on Saturday (August 5) and reopen as a pub.
Its owners said they could no longer compete with a supermarket which opened on his doorstep.
The owner, Ron Patel, now plans to turn the flagging shop into a micropub called Caught And Bowled, in partnership with builder Steve Hobster.
Plans are awaiting permission from Broxtowe Borough Council.


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Employment in the private sector expanded by 978,000 in May, far surpassing April’s 654,000 with the biggest gain since June 2020, according to the ADP National Employment Report on Thursday (June 3). Overall, services were responsible for adding 850,000 jobs and goods-producing sectors gained 128,000 positions.
The increase in private payrolls was the largest since June 2020 and showed a surge of 440,000 new jobs in leisure and hospitality, the hardest-hit industry sector during the pandemic.
“Private payrolls showed a marked improvement from recent months and the strongest gain since the early days of the recovery,” said ADP’s Chief Economist Nela Richardson. “Companies of all sizes experienced an uptick in job growth, reflecting the improving nature of the pandemic and economy.”
Education and health services saw a boost, adding 139,000 jobs, primarily in healthcare. Trade, transportation and utilities gained 118,000 new jobs, while professional and business services upped jobs by 68,000. Jobs in the other services category showed an increase of 69,000.
Medium-sized businesses — those with 50-499 employees — added 338,000 jobs, ADP said. Small businesses — with no more than 49 workers— gained 333,000 new jobs. Large businesses — which have at least 500 employees — created 308,000 jobs.
On the goods-producing side, construction payrolls increased by 65,000, while manufacturing added 52,000 jobs.
“While goods producers grew at a steady pace, it is service providers that accounted for the lion’s share of the gains, far outpacing the monthly average in the last six months,” Richardson said in the report.
A new initiative from the U.S. Chamber of Commerce, America Works, aims to address the worker shortage as the country reopens following the pandemic. The nationwide shortage is considered to have hit crisis-level proportions.
Despite the increase in vaccinations and the decrease in the number of COVID-19 infections, businesses reopening their doors are faced with a lack of people returning to the workforce. The Fed’s Beige Book showed that the U.S. economy grew at a moderate pace from early April to late May; however, some companies are struggling to hire low-wage hourly workers, skilled tradespeople and truck drivers.


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On Thursday, November 14, 2013, the best specialty beer-centric bars, restaurants, and stores across the country will be raising a glass to celebrate Vanberg & DeWulf’s birthday and the great state of craft and specialty beer culture in the US of A. On this day the most progressive, idiosyncratic, and wonderful retailers and publicans across the USA join hands, and we salute them (i.e. you!). Italy, France, Iceland, the UK and Belgium – along with some 500 hosts joined us last year.
The Coast to Coast Toast™ is the single largest one-day celebration of Belgian beer culture in the United States in this millennium. Surely, you want to be in on that! Here’s an example of the kind of press the event generates.


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Here are the day’s biggest movers:
the Vietnam electric vehicle maker with a small float, rose 10% in premarket trade after skidding 44% on Tuesday.
stock tumbled 9% after the applications developer reported quarterly results that barely topped analyst revenue and earnings estimates but offered weak guidance.
Shares of HP Inc.
skidded 9% following an earnings report highlighted by a third straight revenue miss and warnings of a challenging economy. HP Chief Executive Enrique Lores warned PC pricing has not “recovered as quickly,” but he said that the availability of AI products in late 2024 should “refresh” consumer and business sales.
Ambarella Inc. shares
dropped 21% after the video-chip maker issued a disappointing forecast.


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Brought to you in part by the Blue-Fin Corp and the San Diego Comic-Con, we’ve got a big announcement today!
As you know, the SDCC is coming up very soon and of course, there will be some limited edition kits that you can buy at the show. That in itself isn’t something that’s huge, but something that will also be available at the Blue-Fin booth is.
Available on June 22nd, the same day that it goes on sale in Japan will be the Real Grade 1/144 RX-78-2. This item will be exclusively sold at the Blue-Fin booth, as they are North America’s gunpla distributor. Needless to say, I’m pretty envious of everyone who will be there and have a chance to pick this stellar kit up!


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LAND ROVER marked the build up to the sale of its landmark two millionth Defender by taking over the streets of London for a promotional video ahead of its auction this week.
The firm commandeered an iconic red London Bus, slapping the Solihull destination on it, filled the streets with Defenders, including a taxi and converted ice cream van and changed some of the street signs, giving island directions to Solihull (pictured).
The ‘Defender 2,000,000’ rolled off the production line at the Solihull plant earlier this year and includes a unique badge and an engraved map of Red Wharf Bay, where the first design for the iconic 4×4 was drawn in the sand before production began in 1947.
The special edition also includes an aluminium plaque bearing the signatures of everyone who helped assemble the vehicle and a customised registration plate – S90 HUE – in tribute to the first ever Land Rover registration of HUE 166.
Money raised by the sale of the special vehicle will be donated to the International Federation of Red Cross and Red Crescent Societes (IFRC) and the Born Free Foundation.
The auction, run by Bonhams, took place on Tuesday and Wednesday (December 15 and 16) and included classic Land Rover models, a famous owners Hall of Fame and expert talks about the history of the car.
Details of the star car’s sale were unavailable at the time of going top press so make sure you check our website and social media to find out how much it sold for.


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CODY, WYO. — Savvy Wyoming residents who travel frequently between Yellowstone and Grand Teton national parks know to buy an annual pass, allowing for unlimited visits through both parks. And it’s unlikely anyone is using an annual parks pass more this summer than Tim Kellogg.
Better known as the Meeteetse Chocolatier, Kellogg has made a name over the past decade for creating rich, European-style chocolate truffles and other confections, which he sells online and from a storefront in Meeteetse, about 90 minutes from the East Gate of Yellowstone National Park.
In late June, Kellogg opened a small retail outlet in downtown Jackson, just south of Grand Teton National Park. For the past month, Kellogg’s weekly commute has taken him through Yellowstone and Grand Teton, as he now splits his time between Meeteetse and Jackson.
But Kellogg had already been regularly traveling to Jackson to pick up ingredients, and drop off finished products for fundraisers for the Grand Teton Music Festival, the Jackson Hole Historical Society Museum, the Jackson Hole Wine Auction and others.
“I source a lot of my ingredients from the farmers market here, and the company that imports the raw chocolate I use delivers to Jackson. So I have to be here to meet their truck,” Kellogg said by telephone last week from Jackson.
Spurred on by encouragement from customers in the Tetons, Kellogg said he had been looking to open a store in Jackson for a while, but couldn’t find an affordable location. The answer eventually came in a newly renovated space on Broadway, about two blocks off the Town Square.
The tiny spot is one of six retail outlets subdivided from what was previously a single space, Kellogg said.
The good news — at least for customers in Meeteetse and Cody who have feared a permanent defection by Kellogg to the tonier environs of Jackson Hole — is that the affordable but small space on Broadway lacks a kitchen. So for the near future at least, Kellogg will continue making every truffle, brownie and other treat by hand — by himself, in his Meeteetse kitchen.
Kellogg said he will remain on a track of slow growth, expanding only to the point that he can still make each item himself. He has managed to stock the Jackson store, which so far is only open on weekends, by making fewer varieties of truffles in each batch, but in greater quantities.
“That way, we can rotate flavors throughout the seasons, offering something new and different in both stores,” he said.
“So far, everyone that has come in has liked the chocolate and the new space,” Kellogg said.
Ruth Ann Petroff, who owns a coffee roasting business in Jackson, said Kellogg’s shop “is a great addition to our downtown.”
“Not only are his chocolates delicious, but Tim is such a great addition to our community as well,” Petroff said. “He has worked to support the historical society, music festival and many other causes.”
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Kellogg said he will continue supporting local charities in both towns, and looks forward to being in Meeteetse for the annual Labor Day festivities, the town’s biggest celebration of the year.
There probably aren’t two more different towns in the state than Meeteetse and Jackson, Kellogg said. But high-end chocolates sell well in both places because they are an affordable luxury.
“People might not always splurge on a $50 sweatshirt, but they will spend $5 for a couple of nice pieces of chocolate,” he said.
Kellogg had worked for years as a wrangler at a Meeteetse ranch and competed in rodeos around the region. But the recent sale of the ranch where he worked meant his job was phased out, offering “exactly the kind of final push I needed to get me to open the second store.”
It should come as no surprise that tourists and well-heeled residents in Jackson are increasingly looking for organic foods, including organic cacao — a raw chocolate ingredient — that comes from “single-origin” sources like specific plantations in Venezuela and Madagascar.
But as the cost of cacao has risen, Kellogg’s bottom line has shrunk a bit, as he tries to hold the line on prices for his customers. Giant candy manufacturers have largely avoided that problem by substituting more fillers for cacao, an increasingly costly commodity harvested by producers only twice each year.
Kellogg’s customers are usually interested in more nuanced chocolates that reflect the regional characteristics of where the cacao bean is grown, much like the wine industry. But there’s also a limit to what they’re willing to pay.
So Kellogg continues to experiment with local ingredients like sage, huckleberry and prickly pear cactus, drawing on new techniques he learns each year in his travels to Paris and London, where he trains with top chefs and chocolatiers.
“I just received an order of beans from Ecuador that I’m going to roast myself,” he said. “That could be fun, or turn out to be a real challenge.”
If things go well in Jackson over the next year or two, Kellogg may look for a larger retail store, or an off-site kitchen. But he still plans to do all the baking himself.
“I’m going for quality, not quantity,” he said.
Contact Ruffin Prevost at 307-213-9818 or firstname.lastname@example.org.


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BBVA has teamed up with Ant Financial to enable Chinese tourists to pay in Spanish stores using the Alipay mobile wallet.
Thus, the Spain-based bank becomes the first Spanish financial institution to be working with Alipay.
The option to pay with Alipay (which is based on QR codes) via bank’s Smartpay service is currently available for Android phones only. Retailers that already use Smartpay will just need to update the Smartpay app.
Moreover, bank’s officials have declared they will work with the large chain stores in Spain in developing solutions to prepare them to integrate the Alipay option into their cash register systems.
Each year, around 400,000 Chinese tourists visit Spain, and the number is expected to increase in 2017; the tourists are expected to spend around EUR 1 billion across Spain’s stores in 2017.


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Pepperidge Farms has issued the recall as a precaution to consumers. Specific information (codes and “sell by” dates) about the recalled product are the following:
Code W07*1781 (11/20/2011), W07*1891 (11/27/2011), W07*1921 (12/4/2011), W07*2041 (12/11/2011), W07*2061 (12/13/2011) and W07*2221 (1/1/2012)
The recalled products are packed in 10.2-oz boxes and are marked with a “20% More!” banner printed in yellow. This banner can be found on top of the box. The code along with the date is also printed on the top part of the box, on the flap. Pepperidge Farms emphasizes that only the sesame sticks with the specified codes are affected by the recall and not the rest of the company’s products.
About 13,000 cases of these recalled sesame sticks have been distributed all over the United States. No recalled product has been distributed to Canada.
There have already been a few consumers who reported getting minor scrapes around the mouth, and even inside it, after eating some of the recalled sesame sticks. The company advises consumers to check if they have bought the recalled product by checking its “sell by” date. If the date falls between 11/20/2011 to 1/1/2012, most likely the Pepperidge Farm sesame stick is included in those that are being recalled. Consumers are urged to bring the product back to the store where it was bought in order to be given a refund.
Consumers with questions about the product or the recall can call Pepperidge Farms at 866-535-3774 on weekdays, from 9 AM to 5 PM Eastern Time.


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The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise.
Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022.
The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above the $5.30 billion forecast included in its previous end-of-year earnings call.
This positive market performance has also extended to Nvidia’s graphics processing unit, or GPU, sector with the company raising its Q1 revenue estimate for its cryptocurrency mining processor, or CMP, product three-fold to $150 million.
Indeed, as previously reported by Cointelegraph, Nvidia had set its initial forecast for crypto miner sales for Q1 at $50 million back in February.
According to Nvidia’s press release, surging demand is at the heart of its optimistic outlook with Colette Kress, executive vice president and chief financial officer of the chipmaker adding:
“Overall demand remains very strong and continues to exceed supply while our channel inventories remain quite lean. We expect demand to continue to exceed supply for much of this year. We believe we will have sufficient supply to support sequential growth beyond Q1.”
Nvidia’s three-fold increase in revenue estimates for its CMP product are yet another indication of the surging demand for crypto mining hardware. In March, cryptocurrency mining firm Hut 8 announced the purchase of $30 million worth of Nvidia GPU hardware.
The Hut 8 order alone filled 60% of Nvidia’s initial CMP estimate, and it is perhaps unsurprising to see the company up its outlook for the rest of Q1 of fiscal 2022.


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TEWKSBURY, MA (Feb. 3, 2013):
The groundhog has spoken; early spring is on its way. And what time could be better for Champion City Brewing to announce its latest project – the East Coast vs. West Coast “Opening Day I.P.A.” challenge.
Call it a friendly competition, one that will be best argued over a bottle or pint. C.C.B’s brewmasters, at their geographically dispersed breweries, will compete to create a “tribute” beer. Their assignment pays homage to Champion City Brewing’s “Grand Slam I.P.A.”, the first beer brewed under the C.C.B. name back in 2005.
“Its official, the Porter and Stout era of Champion City Brewing is on hiatus,” said Jonathan Jay, Founder, Director of West Coast Operations, and Brewmaster for C.C.B. West, “Our move to the West coast lends itself perfectly to re-inventing and re-imagining the beer that started it all. It is that connection to the breweries roots and of course, the style lends itself to some friendly East vs. West competition. You never know but the West Coast version might even use some of the inventive techniques implemented during the first Grand Slam brew, like the use of Hop Teas, brewkettle overboils, and snow cooling.”
Champion City Brewing has breweries in Vacaville, CA. and Tewksbury, MA, having recently completed a brewery expansion and establishing a presence on the West coast in 2013.
Consumer feedback will help C.C.B. narrow the two beers to a single limited-edition offering available to coincide with Major League Baseball’s Opening Day in April 2013. “The Opening Day aspect of the project is really intriguing to me,” said Stephen Jay, Director of East Coast Operations, and Brewmaster for C.C.B. East, “Baseball’s roots run deep for C.C.B. And Opening Day inspires me to craft a beer that has all the hallmarks the Champion City Brewing brand is respected for, but which is still approachable enough to enjoy a few at a ballgame and still remember who the starting pitchers were.”
Champion City Brewing’s commitment to quality and spirit of innovation are at the foundation of the company’s history and continue to be a defining characteristic. Look for more updates as the “Opening Day I.P.A.” project unfolds this spring.


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Nokia this week has had a conference (Nokia World 2010) held in London and from it have come a few new phones. With the delay on the N8, Nokia haven’t been busy with other phones, but it appears secretly they have and so have announced 3 new phones that we at MightyGadget will talk about today.
The C7 appears to be slimmed down version of the N8. The N8 certainly is a brute of a phone and Nokia have scaled it down. The C7 is a Symbian 3, 3.5” AMOLED screened affair which is a tiny 10.5mm thick. On the flipside is an 8MP camera, ok not as good as the N8’s 12MP camera but like the N8 this will shoot 720p video. You’ll get 8GB of onboard storage which can be expanded via microSD by a further 32GB. What’s interesting is that Nokia has added Active Noise Cancellation to the phone, to deliver clearer calls. The other interesting point to make is the battery life…….. 27 days on standby, crikey!
The main thing Nokia is pushing with this phone is it’s social networking capabilities. Obviously the new OS should improve things but they’re adding support to several other “foreign” networks that a used more in other countries. It’s obviously not all about Facebook and Twitter. Available in Blighty later this year it should retail around the £280 mark or most likely a fair price on a subsidised contract.


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Mastercard dropped their Earthport bid last week and plans to purchase Transfast instead. This instantly reduced the value of Earthport shares. Visa will now close the deal at 37p/share, 26% below the peak price in their recent bidding war but 30% higher than Visa’s initial bid.
So who wins from all this?
- Definitely Transfast .
- Earthport shareholders – but not as much as they’d hoped.
- Visa, who ultimately got its mark (and really, what’s $100m more to a $330bn company?)
Better the devil you know
MasterCard already works with Transfast, providing payout services, which likely gave it an edge. Whilst both Earthport and Transfast offer access to a global banking network, Transfast has a strong focus on emerging markets.
The big questions:
- Both Earthport and Transfast have been offering access to their network to third parties. Will Visa and Mastercard choose to now restrict access and use this as a competitive advantage?
- Can we forecast the direction of Mastercard Send given the emerging market strength of Transfast?
- Visa stated in its offer document that it was looking to Earthport to develop its marketplace capability, something Mastercard picks up already with Transfast. Is this a signal of a new marketplace focus for both Mastercard and Visa?
- If it wants to gain a true competitive advantage over Visa, why didn’t Mastercard buy both Earthport and Transfast?
Revolut receives an apology (of sorts)
The Revolut story continues to unfold, with the group quickly trying to grow up – this week by hiring some very experienced finance executives. As we reported last week though, don’t believe everything you read.
Earlier this week, The Telegraph issued a clarification for its article, stating they: “Wrongly suggested Revolut had been accused of violating banking rules by switching off part of its anti-money laundering systems.”
You should read the mainstream press – they do a great job amplifying what everyone does in the sector. Just make sure you read us too.


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The digital age of consent: why does it matter?
Just a few days ago, Facebook announced that it makes over €1bn a month in profit from selling ads against our online profiles.
During the same week, fresh questions were asked about the appropriateness of Ireland's 'digital age of consent', as new EU-wide data protection laws approach.
But what is the digital age of consent?
In the case of children, this largely concerns the age at which it's considered legally acceptable for big companies like Facebook (or any service operating online) to legally hold and process personal data.
This is important for one big reason: advertising.
Advertising budgets are moving heavily into online platforms, partly because of the accuracy with which marketers can target specific groups and demographics, including kids. For example, on Facebook, it's possible to target an ad so that only young females who live in Dublin and have certain preferences will see it.
Ireland has opted for the lowest age permissible under upcoming EU data law - 13. This compares to more privacy-focused countries such as Germany, which opted for 16 as a digital age of consent.
In Ireland, it means that Facebook, Google, Twitter or any other company can mostly (though not fully) use a 13-year-old's personal information in the same way they would use an adult's information.
While the big tech companies were all in favour of the lower age of consent, so were almost all of the child protection agencies and children's rights advocates. That's because they see access to internet services as a critical source of information for children who cannot, for a variety of reasons, turn to an adult for help.
However, with a new focus on a digital age of consent comes new penalties for those who flout it.
Companies that are found to be marketing to children under the age of 13 could be in line for hefty penalties.
For instance, companies can no longer track children around the internet in the same way they legally track adults. Doing so attracts big fines, as toy companies Mattel, Hasbro and two others recently discovered when they were collectively fined almost €800,000 in the US for ad-related monitoring of kids' online behaviour.
Similar restrictions are set to be tightened in Europe in tandem with the new EU-wide data protection laws.
Proponents of the new data privacy rules say that this makes eminent sense. It's one thing to fire off ads, offers and other inducements at adults. But targeting eight year olds on screens their parents aren't monitoring (in the same way they might a television) feels more than a little heavy-handed.


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Harley-Davidson Financial Services saw a 14% uptick in its year-over-year origination volume in the third quarter, the company announced Tuesday.
The increase was mostly driven by a 9.6% increase in the company’s marketshare and an increased amount financed per motorcycle, John Olin, senior vice president and chief financial officer of Harley-Davidson Inc., said during an earnings call.
Overall, year-to-date originations were comprised of 80% prime loans and 20% subprime loans. “As a predominant lender to subprime customers, these originations represent a significant amount of retail sales to the company at very attractive returns, which further reinforces the competitive advantage that HDFS brings to the company,” Olin said. HDFS has previously said that subprime loans are the company’s “bread and butter” financing product, and HDFS feels comfortable with its credit risk.


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About 20 percent of the marijuana products in California that have been checked since the state began mandating quality tests on pot goods this summer have failed those trials for purity and potency, the Associated Press reports. Candies, tinctures, and cannabis-infused cookies have been especially hard-hit by the checks, resulting in about one-third being kept from hitting dispensary shelves. Some of the tests, which began July 1, found incorrectly labeled products with the wrong potency described—a problem that can easily be corrected. In other cases, the products had unacceptable levels of pesticides or bacteria and were ordered to be destroyed.
TOP 10 RIGHT NOW


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Keep vapes out of sight of children in shops, say councils
News / Thu 2nd Mar 2023 at 06:12pm
VAPES should be kept out of sight of children in shops and the legal minimum age of 18 should be marked clearly on each product, say councils in England reports the BBC.
Too many children are being illegally sold vapes with fruity flavours and colourful packaging, they say.
Click below for full story.


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It’s a good year for the luxury home market. While home prices have been rising steadily over the past few years, the luxury market barely saw an uptick since 2014. Now, million-dollar-plus sales are on the rise again, thanks to competitive pricing and reduced availability.
If you’re looking to buy a luxury home in the Phoenix metro area, now is a great time to get started on your search. Luxury builds in Camelot communities such as White Horse in North Scottsdale are already pre-selling, while homes at our Gold Mountain and Adero Villas communities are going fast.
More than 330 million-dollar-plus homes sold locally in the first three months of this year. That’s good news for homeowners looking to sell, as well as new buyers hoping to get into one of the growing number of luxury developments in the metro’s most desirable areas. Here are just a few of the reasons to purchase a Phoenix-area luxury home in 2017.
- Limited Availability: While Phoenix is known for sprawl, there’s a finite amount of residential space for builders to develop in hot areas such as Paradise Valley and North Scottsdale. Camelot Homes nabbed a prime spot near DC Ranch for White Horse, a luxury community with 50 half-acre lots and tons of outdoor space. Homes here range from 4,000-6,000 square feet, making them perfectly sized for any family.
- Reality Checks: According to a recent CNBC news story, luxury home sales were up 7.5 percent from last summer. Statistics show that luxury home sales are now outpacing the traditional market. Why? Sellers with unrealistic expectations are starting to reduce their asking prices, leaving more room for buyers to get in on a hot luxury market.
- Fear of the Future: While it’s impossible to predict the market with absolute certainty, Realtor.com’s assertion that Phoenix would be the #1 housing market in America for 2017 is on its way to becoming a reality. In a hot market, supply can’t keep up with demand. Buyers shopping for a new build are scrambling to get in their desired community before it sells out. Many also worry that price hikes will continue, potentially putting their dream home out of reach in 2018 and beyond.
In the 45+ years that Camelot Homes has been building luxury residences, home prices have steadily risen. According to experts, that trend is likely to continue. Local home sales increased by a whopping 22% this past March, with the potential for even higher average prices on the horizon. One thing is certain: The Phoenix metro luxury market is strong and on the rise, making now a great time to purchase a new house in your target area. Contact us for more information on luxury homes in Scottsdale, Phoenix, and the surrounding areas.


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Among the factors driving the Indiana market is a requirement of raised markers on newly resurfaced roads. In addition blue raised markers to indicate the location of fire hydrants are required in some new subdivisions and on state roads and highways bordered by soundproof barrier walls. "These walls have doors in them to provide access to fire hydrants but it can be difficult to find the door," Johnson says. "So blue markers indicate where the hydrants are."
But an improved market doesn't necessarily mean an improved bottom line.
"We were installing markers in 2007 and in 2008 cheaper than we've ever done in our life," she says. Most of the blame she attributes to a new competitor who entered the industry in 2006-2007 and cut the price just to obtain market share. "He just came in and damaged the market."
She says that as a result margins the last two years are way down.
"But we've picked up more in volume, and we're still doing okay," she says. M.A.S. installs roughly 85,000 raised pavement markers a year and replaces between 180,000 and 250,000 reflectors a year on an average.
Read "Traffic Control Tips from M.A.S. Markers" to learn more tips from and information about the company.


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India, the world’s largest economy with the quickest growth, is experiencing an increase in the arrival of box ships at its ports, requiring the construction of larger ports.
The International Monetary Fund (IMF) expects India’s GDP to increase by 6.8% this year, while the country’s exports are growing quickly. India exceeded the predicted objective set by the government and exported $422 billion worth of goods last year.
“As the global supply chain struggles to place all its bets on China, there is rising confidence that India could become one of the more resilient alternatives to China in the global supply chain,” a new report says.
Besides that, according to data from the International Trade Administration, trade between India and the US reached a record high of US $ 119.42 billion in the 2012-22 fiscal year, increase from US $ 80.51 billion in the previous year.
Making up 11.5 percent of India’s total global trade, this increase has resulted in the US surpassing China and becoming India’s primary trading partner.
According to analysis from S&P Global Market Intelligence, India’s economy would enter a period of strong expansion in 2023. Surplus trade activity will support this expansion as India diversifies its manufacturing base.
“The active use of trade policy measures under the ‘Make in India’ programme is complemented by in-market, for-market manufacturing strategies and the benefit of reshoring away from China,” S&P Global Market Intelligence noted.
Recently, the growing interest in Indian traffic was reflected by sister companies COSCO and OOCL launching a Southeast Asia – India – US east coast service in December after closing a China – Vietnam – US east coast loop.
“India is uniquely placed naturally to develop into a transhipment hub. With the right investments and focus, the country can be fully equipped to position itself as an important cog in the wheel of the global supply chain,” said Christian Roeloffs, CEO of Container xChange.
Global shipping companies like Germany’s Hapag-Lloyd are shifting more workers and resources to India.
One of India’s top private terminal and inland transport service providers, JM Baxi Ports & Logistics, now holds an ownership part in the German company.


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Coffee consumption does not appear to increase the risk of arrhythmias, according to the findings of a cohort study recently published in JAMA Internal Medicine.
This large, prospective, population-based cohort study aimed to elucidate the association between coffee consumption and arrhythmia risk using data from the UK Biobank between January 1, 2006, and December 31, 2018. A total of 386,258 individuals were assessed. The mean age of the individuals was 56 years old (SD, 8) and 52.3% were female. Coffee consumption information was obtained via participant questionnaires.
Over a mean follow-up of 4.5 years (SD, 3.1), 16,369 individuals developed an incident arrhythmia. After adjusting for demographics, comorbid conditions, and lifestyle habits, findings revealed that each additional cup of habitual coffee consumed reduced the risk of incident arrhythmia by 3% (hazard ratio [HR], 0.97; 95% CI, 0.96-0.98; P <.001).
When analyzing each arrhythmia alone, associations were found to be of a similar magnitude for atrial fibrillation and/or flutter (HR, 0.97; 95% CI, 0.96-0.98; P <.001) and supraventricular tachycardia (HR, 0.96; 95% CI, 0.94-0.99; P =.002).
“Two distinct interaction analyses, one using a caffeine metabolism–related polygenic score of 7 genetic polymorphisms and another restricted to CYP1A2 rs762551 alone, did not reveal any evidence of effect modification,” the authors added. Additionally, no significant associations were observed between genetic polymorphisms affecting caffeine metabolism and incident arrhythmia risk based on mendelian randomization analyses.
In an accompanying editorial, Goldberger and Hayward wrote that “Overall, the results in the study by Kim and colleagues strengthen the evidence that caffeine is not proarrhythmic, but they should not be taken as proving that coffee is an antiarrhythmic; this distinction is of paramount importance. Health care professionals can reassure patients that there is no evidence that drinking coffee increases the risk for developing arrhythmias.”
- Kim E, Hoffmann TJ, Nah G, Vittinghoff E, Delling F, Marcus GM. Coffee consumption and incident tachyarrhythmias: Reported behavior, mendelian randomization, and their interactions. JAMA Intern Med. Published online July 19, 2021. doi: 10.1001/jamainternmed.2021.3616
- Goldberger ZD, Hayward RA. Another cup of coffee without an arrhythmia, please. JAMA Intern Med. Published online July 19, 2021. doi: 10.1001/jamainternmed.2021.4073


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China’s producer price index crushes expectations
- October 16, 2017
- Posted by: graham
- Category: Uncategorized
- China September Consumer Price Index rose 1.6 percent, matching forecasts
- The September Producer Price Index, however, crushed a forecast rise of 6.3 percent, instead coming in at a 6.9 percent increase on-year
China’s consumer price index rose 1.6 percent in September from a year ago, meeting expectations, data from the National Bureau of Statistics showed on Monday.
Meanwhile, the producer price index jumped 6.9 percent in September from a year ago, which topped expectations. This was spurred by a year-long drive in construction spending that includes government-led infrastructure investment.
According to a Reuters poll, China’s Consumer Price Index was forecast to rise 1.6 percent in September from a year ago. August CPI was 1.8 percent.
The Producer Price Index was predicted to have risen 6.3 percent in September from a year ago, steady from August, according to Reuters.
The strong PPI print that points to higher factory gate prices may help markets outside of China as the East Asian economy continues to grow, translating into demand for raw materials, said Tony Boyadjian, Compass Global Market’s senior vice president of foreign exchange.
“What this means is that we could see a little bit more of imported inflation pressure elsewhere,” Boyadjian told CNBC’s “Street Signs.”
China has been posting strong economic numbers this year ahead of a leadership meeting in the capital city of Beijing later in the week, which will usher in a reshuffle in the top ranks of the Communist Party.
According to a statement on the website of the People’s Bank of China citing central bank governor Zhou Xiaochuan, the world’s second-largest economy is likely to post growth of 7 percent in the second half of the year thanks to rapid household spending. First half GDP growth was 6.9 percent.
China will be posting third-quarter GDP figures on Thursday, just a day after the Communist Party Congress starts. Economists polled by Reuters expect 6.8 percent growth.


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Filter Products by Brand
- AVerMedia updates their portable game capture card – Live Gamer Portable 2
- Google's AI-powered Google Home lets you control everything connected in your house
- Google's new Chromecast Ultra streams 4K, HDR and Dolby Vision
- Apple adds new features to Apple TV
- Microsoft rumored to be launching new Xbox TV streaming devices and Xbox consoles
- Roku releases new streaming stick with quad-core processor
- Why listen to music out loud? Apple and Sonos team up to show you.
- Watch any video on Apple TV effortlessly with VLC media player!


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NEW YORK – Americans overlooked shortages, spiking prices and uncertainty about the omicron variant to break spending records during the critical holiday shopping season.
But figures released Friday show that after spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.
The National Retail Federation, the country’s largest retail trade group, said sales surged by a record 14.1% from November and December 2020 to the same months in 2021.
Those figures blew away the federation’s projections for growth of between 8.5% to 10.5%, and more than tripled the average gain during the last five years of 4.4%.
“After a dispiriting holiday season in 2020, most shoppers were absolutely determined to enjoy themselves, come what may,” said Neil Saunders, managing director of GlobalData.
Yet data issued by the Commerce Department showed that by the end of December, spending had trailed off sharply enough to catch economists off guard and raise doubts about the sustainability of retail sales in the face of omicron, inflation and persistent shortages of labor and supplies.
Retail sales fell a seasonally adjusted 1.9% from November to December.
Spending fell broadly across numerous sectors: Department store sales fell 7%, restaurant 0.8% and online purchases 8.7% compared with November.
Many economists expect the caution that consumers displayed last month to carry over into this year and potentially slow the economy. Still, with average hourly pay rising and unemployment rate steadily dropping, analysts say spending and growth could pick up, at least modestly, once omicron fades.


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No disrespect to the HTC Flyer, but it is clearly an experiment on HTC’s part where the tablet market is concerned. Their maiden attempt isn’t to say cheap either, retailing for around $499 in most markets, so to hear of a third tablet from the Taiwanese manufacturer is definitely worth reporting on. We are talking about the HTC Puccini, where it will come after the rumored HTC Verdi with both of them taking on the names of famous Italian composers. Of course, they will be 10″ models that are powered by Google’s Android 3.0 Honeycomb operating system, and the HTC Puccini is tipped to be compatible with AT&T’s upcoming 4G LTE network, featuring a front-facing camera to boot as you hold conference calls over it.
It must be noted that AT&T is not tipped to roll out their 4G network at least until later this year, so HTC has some time to release an AT&T-friendly version of the HTC Puccini until late summer rolls around.
The HTC Puccini will also sport the HTC Scribe feature with digital pen input, and there is no word on its pricing or availability as at press time. We can definitely look forward to a price point that is higher than $499, that’s for sure. If you’re looking out for a tablet, which model would you go for at the moment? Will you hold out for the Puccini or take your chances with the HTC Flyer?


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Maintaining the SL-1200G’s signature features like the iron-coreless direct-drive motor, hybrid encoder, cold-drawn magnesium tonearm, high-precision tonearm, three-layer platter, and four-layer high-rigidity cabinet, the SL-1210G receives a full blacked-out makeover in place of its previous silver exterior.
“We learned from the huge success of the limited-edition SL-1210GAE, which was launched in June 2020 and almost immediately sold out,” says European Technics Product Manager Frank Balzuweit. “We realized there was high demand for a ‘regular’ black version of this flagship 1200 Series model. In its striking black finish, the new SL-1210G possesses genuine elegance.”
Priced at $4,850 USD, the Technics SL-1210G will go on sale in October.
In other tech news, Apple says vibrations from motorcycles can permanently damage your iPhone camera.


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The U.S. mattress industry is projected to enjoy healthy increases in both units shipped and the value of those shipments for the next two years, according to a new forecast from the International Sleep Products Association.
The forecast, released in October, projects that the number of mattresses and foundations shipped will rise by 2% and the wholesale dollar value of those shipments will increase 4.5% in 2015 over 2014 figures. The average unit selling price is expected to grow 2.5%.
In 2016, unit shipments are forecast to increase 2.5%, with dollar values rising 5% and the AUSP growing 2.5%.
Increases in units shipped and the value of shipments are expected as the economy grows stronger and the housing market continues to recover.
For 2014, ISPA forecasts a 1.2% increase in units shipped and a 4% increase for the value of those shipments compared with 2013. “This slight growth in unit shipments in 2014 could be attributed in part to a decline in housing resales in the first half of 2014 due to unexpectedly bad winter weather combined with the continuing effects of mortgage rate hikes from 2013,” the forecast reports.
The forecast for the U.S. bedding industry generally is issued twice a year and is produced by ISPA’s Forecast Panel using an econometric model of the mattress industry linked with the larger home furnishings market and national economy. For more information about the forecasting process, check www.sleepproducts.org and click on “Industry Statistics.”
Mattress sales mixed in August
Unit sales of mattresses and foundations decreased by 2.5% in August, compared with unit sales in the same month of 2013, according to the International Sleep Products Association’s Bedding Barometer. But the wholesale dollar value of those units grew by 0.5%, compared with August 2013, and the average unit selling price increased 3%.
Year-to-date unit sales and the wholesale dollar value increased by 0.8% and 4.4%, respectively, and the year-to-date AUSP increased 3.6%.


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"After hitting a record of nearly 20 million in 1979, the number of American factory workers has plunged during each of the last five recessions and each time has never recovered. Today, 12.3 million people are employed in U.S. factories, a loss of nearly eight million jobs.
Forecasters in The Wall Street Journal’s monthly survey of economists doubt the numbers of bygone years can be restored." Across the world manufacturing jobs have fallen to 1941 levels due to improved productivity. "Improvements in assembly-line technologies and the deployment of
industrial robots allow U.S. manufacturers to produce more goods than
ever before, but with much smaller workforces. Even if all outsourcing
were ended immediately, the march of technology would put steady
downward pressure on manufacturing employment." Trump's plans to impose tariffs on imported goods could trigger a trade war resulting in a reduction in manufacturing jobs in the U.S. Source: Josh Zumbrun, "Economists Doubt the U.S. Can Regain Many of the Factory Jobs Lost in Recent Decades," WSJ 12/8/16.
Think about this: Who in America is willing to work in manufacturing at Asian wages? If they were paid even the minimum wage in the U.S. the cost of goods at Walmart would skyrocket. Actually, the U.S. made goods would never be sold by Walmart because the company would buy from low-wage Asian sources.


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A new program will allow BMW drivers to locate and use EVgo charging stations through a BMW-specific charging app. Drivers who purchase or lease a BMW electric vehicle will also receive $100 in credit toward use of the charging stations.
“As BMW brings even more new EV models to the market, EVgo is making it even easier for those drivers to experience the reliable and convenient — and ever-expanding — network of EVgo chargers,” EVgo Chief Commercial Officer Jonathan Levy said in a statement.
The two companies previously partnered on a program called ChargeNow for drivers of BMW plug-in electric vehicles.
Meanwhile, EVgo, which was acquired last year by LS Power Development, has been quickly expanding its network of charging stations. According to the company, EVgo users now have access to nearly 40,000 chargers across more than 600 cities.
EVgo in July announced a separate partnership with General Motors Co. aimed at tripling the number of fast-chargers available to users of EVgo’s charging network.
These fast-charging stations are primarily located at retail businesses and grocery stores, al-lowing users to quickly recharge vehicles while shopping or running errands.
The newly announced partnership with BMW is focused less on new infrastructure and more on creating a seamless experience for drivers of vehicles manufactured by the German automaker.
BMW electric vehicles services manager Reem Eloubaidy said in a statement that the company’s charging app would give drivers “an easy-to-use, all-in-one tool to find charging stations along their driving routes and manage the charging experience from start to finish.”
According to EVgo, users of the app will be able to see whether chargers are in use and contact the company’s customer service representatives.
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