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Over the years, China’s economy has grown leaps and bounds, and the East Asian country now has the world’s second-best economy.
The United States still leads the pack in this regard, but it is no secret that the Chinese have their eyes on the throne.
As everyone knows, the government of the land has a crucial role to play where boosting economic growth is concerned, a responsibility that the Chinese government embraced.
They promised to double the country’s GDP in ten years, and believe it or not, the country is just about to reach its target.
However, China’s journey towards global economic dominance started back in the 1970s.
The government decided to be aggressive in open markets, achieving this via central planning, exploiting cheap labor, devaluing currency, and establishing a full-bodied factory system that would spread Chinese products around the globe.
Within no time, the world had no choice but to acknowledge China for its fruitful economic policies. Who hasn’t seen the “Made in China” tag in lots of household items? Such is their dominance.
Currently, the country in East Asia has a Gross Domestic Product of $13.1 trillion, a figure that keeps getting closer to the United States’ value with each fiscal year.
With the upward trajectory, the country is on, economic analysts predict a GDP growth of 6% by the end of 2020, and with that, doubling its GDP from the 2011 figure. Impressive much?
But in as much as predictions seem to favor economic growth, China is still facing a myriad of challenges brought forth by the trade war with the United States.
Both countries are definitely hurting due to the war, but the Chinese seem to be more hard-hit compared to the US.
It is for this reason that Michael Yoshikami says that economic experts should manage their expectations where the Chinese economy is concerned. Yoshikami is one such expert himself having founded the firm Destination Wealth Management and while he doesn’t want to jump the gun, he is positive that China will always remain a global economic player.
Thinking about it, Yoshikami definitely has a point. Yes, the economy in the East Asian nation is growing, but compared to its own high standards, China is experiencing a slowdown.
According to the World Bank, 2007 was the country’s best year in terms of economic growth. They registered an increase of 14.2% but since then, growth has always been below 7%.
Locals Not Optimistic
Yoshikami, though based in San Francisco, has lots of business interests in China. He’s a frequent traveler there, and he says that the average citizen isn’t as optimistic about the country’s economy as we would like to believe.
Locals blame the trade war, and it is easy to see why they would. Tariffs set by the United States against Chinese imports are hurting them businesswise, and the fact that labor is gradually becoming expensive doesn’t help matters either.
To make the situation even worse, it seems as though the country is experiencing a manufacturing slowdown. As such, they don’t produce as many finished goods as they did say six, seven years ago.
Resolving this war, Yoshikami opines, would be just the stepping stone the country needs to get its economic affairs in order.


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Corporate Taxes, Taxes, and More Damn Taxes, and None of Them Work
It’s no secret that the corporate tax environment in the United States is fubar. The diagnosis — corroborated by the public, policymakers, and enterprising advocacy groups — is multifaceted, but there is really only one general course of treatment to take, and that is reform. Deep, structural reform (call it an overhaul) that reduces complexity, discourages gamesmanship, and encourages the repatriation of cash held overseas.
Repatriation has become a headline issue over the past couple of years as U.S. tech companies increase their participation in the high-profile game of international tax arbitrage that most multinational corporations play. Consumer tech giant Apple Inc. (NASDAQ:AAPL) was placed front and center in this conversation when Chief Executive Officer Tim Cook made an appearance before the Senate Permanent Subcommittee on Investigations in 2013.
During the hearing, it came to light that Apple had avoided paying U.S. income taxes on profits of $74 billion it made between 2009 and 2012 by using multiple subsidiaries in low-tax countries such as Ireland. Moreover, the company is holding as much as $111 billion at its foreign subsidiaries, money that is untaxable by the U.S. government unless it is repatriated.
Whether Uncle Sam should be able to get his hands on this cash is a good topic for any speech and debate club, and it’s a huge fiscal issue for U.S. policymakers. According to an analysis done by Bloomberg, multinational companies held a combined $1.95 trillion outside of the U.S. at the end of 2013, a cash hoard that was up 11.8 percent from 2012.

domain: news


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Citing a need to curb childhood obesity, New York Sen. Kirsten Gillibrand (D) has signed on as Senate sponsor of a federal bill to require calorie counts on restaurant menus.
House Resolution 2426, the Menu Education and Labeling (MEAL) Act, would extend federal food labeling requirements from packaged products to items on menus in “large chain restaurants.”
“This common-sense legislation will give parents and other consumers the basic information they need to make good choices about their diet when they’re eating out at restaurants,” said Gillibrand in a statement.
More ‘Government Intrusiveness’
“Where does it end?” asked Grace-Marie Turner, president of the Washington, DC-based Galen Institute. “Congress is considering taxes on soft drinks and snack foods. Now the federal government is proposing a new regulation requiring calorie counts on all menus? Not only will that drive up the cost of restaurant meals, but it will significantly impede innovation.”
“The nanny state seems to know no bounds,” said Turner. “This is a level of government intrusiveness we don’t need.”
Labeling’s Failure Noted
According to the text of the bill, “about 75 percent of adults reports using food labels on packaged foods, which is associated with eating more healthful diets, and approximately half of adults report that the nutrition information on food labels has caused them to change their minds about buying a food product; and studies have shown that the provision of nutrition information for away-from-home foods has a positive influence on food purchase decisions.”
The evidence shows otherwise, says Merrill Matthews, Ph.D., executive director of the Council for Affordable Health Insurance. “The federal government already requires calorie counts on soft drinks and packaged pastries like Twinkies,” Matthews said. He added sarcastically, “That has worked so well to reduce junk food consumption and obesity rates that some states—including New York—are now considering taxing those products as a way of encouraging people to stop consuming them.”
John R. Graham, director of health policy studies at the Pacific Research Institute, said, “Earth to Senator Gillibrand: Someone who eats at Wendy’s seven times a week is not going to pay attention to calories listed on menu boards.”
“[More] labeling is not the answer to our country’s obesity problem,” said Tennessee state Rep. Susan Lynn (R-Mt. Juliet). “As evidence, simply consider the fact that Americans have grown heavier, not slimmer, since other food labeling laws have come into effect.”
Seen as Lawsuit Generator
The MEAL Act could put the nation on the road to more food-related lawsuits, said Graham.
“This legislation is likely more about junk lawsuits than junk food,” Graham said. “The trial lawyers have been busy developing a strategy to profit from fast food ever since an infamous New York case six years ago, when a couple of obese girls sued McDonald’s. The suit failed, but McDonald’s settled, and so have nine other defendants in similar cases.
“And they have just begun,” Graham added. “The Public Health Advocacy Institute’s 5th Conference on Public Health, Law, and Obesity met in Boston last year to discuss our ‘broken food system’—a term more appropriate to Darfur than America. I can see the next junk-food lawsuit already: a class-action against Jack-in-the-Box for selling a Bacon Ultimate Cheeseburger that’s 10 calories more than what’s posted on the board.”
Lynn agreed, saying, “The MEAL Act stands to cause food prices to increase for consumers due to the cost of implementation, and due to future litigation costs from those that would exploit this mandate.”
Ignoring Serious Issues
“If Senator Gillibrand is so concerned about transparency in health, how about working with health care providers to find a way for patients and consumers to have better access to prices they will pay for their care?” Matthews said.
The MEAL Act, which was sponsored in the House of Representatives by Rep. Rosie DeLauro (D-CT), is currently being considered in the House Committee on Energy and Commerce.
Joe Emanuel ([email protected]) writes from Georgia.
For more information …
House Resolution 2426, the Menu Education and Labeling Act: https://www.govtrack.us/congress/billtext.xpd?bill=h111-2426


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A new record cheap 10.1-inch Android 10 tablet is going to launch in September. It’s called Teclast P10SE and will be released for just $99:
What’s the catch? Well, we told our readers at the start of 20202 that we should expect a lot of Unisoc powered tablets to hit the market in 2020, and this is another example of one.
Teclast P10SE is powered by the Unisoc SC7731E processor which is a 1.3 GHz quad-core processor. The other half of the brain consists of a Mali-T820 GPU, 2GB RAM, and 32GB storage.
You also get 4G LTE thrown in, but the bands only cover select regions of the world. So the Unisoc SC7731E processor explains why this tablet is even cheaper than the Fire HD 10.
So just how bad is it? The processor performs at the same level as the old quad-core MediaTek MT8127 processor, which was used in tablets like the previous generation Fire 7 or Huawei MediaPad T3 7.0. And these were $49 tablets.
Of course, this tablet can still be used for a few simple tasks, like an emergency tablet computer for video calls, but the performance is going to be slow in other areas.
For those still interested, Teclast P10SE features a 1280 x 800 resolution display, a low resolution 0.3MP front camera and 2MP rear camera, stereo speakers, Wi-Fi 5, Bluetooth 4.2, GPS/BDS, and a 5000 mAh battery.
The tablet looks nice, but it’s 9.38mm thick and weighs 522 grams. Port includes a USB C (2.0), audio combo jack, and a microSD card slot.
So probably a tablet best to avoid, especially considering just how many other good 10.1-inch Android 10 tablets there’s on the market right now.
– Jim Miller


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Recent work | December 6, 2022
Roschier represented Bonnier News in its public offer for all shares in Readly
Bonnier News has announced a public offer of SEK 455 million to the shareholders of Readly and Roschier represents Bonnier News in the transaction.
The public offer tenders all shares in Readly at a price of SEK 12.00 in cash per share. Bonnier News has in order to facilitate and secure the continued success on markets outside the Nordic region entered an agreement with Cafeyn Group, a diversified media group primarily offering digital subscription services for unlimited access to a wide range of media, magazines and newspapers, with the intention that Cafeyn becomes the owner of the non-Nordic businesses of Readly, conditional upon the completion of the offer.
Bonnier News is the largest news media company in the Nordics with a total revenue of about SEK 10 billion and more than 2 million subscribers. Its platform includes everything from printed newspapers and magazines to digital news sites, breaking news, tv, podcasts and audio. Among the group’s over 200 brands are a range of Sweden’s largest and best-known newspapers.
Readly is a technology company operating a digital subscription service that offers unlimited “all-you-can-read” access to thousands of magazines and newspapers in one app. The shares in Readly are listed on Nasdaq Stockholm.
Roschier’s main advisory team included Leo Lee, Malin Leffler, Jens Bengtsson, Johanna Bremdal, Fredrik Eriksson Oppliger, Sara Hill and Evelina Pettersson together with Kristian Hugmark, Emma Johansson, Sebastian Uddgren, Björn Johansson Heigis, John Park, Filippa Michelsson, and Peder Boström.


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Blog: Carrefour expands in Chinese e-commerce
Katy Askew | 5 June 2015
News that French retail giant Carrefour last month launched an online shopping portal in China, carrefour.cn, comes as further evidence of the growing importance of e-commerce in the market.
The website sells mostly grocery and household items and delivers to homes in Shanghai.
The company has reportedly indicated that it expects to extend its delivery network. Carrefour plans to build a total of six fulfilment centres by end-2016, with the first to be located in Kunshan, near Shanghai.
The company is also installing tablets at its supermarkets around the country to allow shoppers to browse online, in store. Carrefour operates 238 supermarkets in about 70 Chinese cities.
Carrefour's drive online in China is a reflection of rapidly evolving consumption patterns in the country. China is now the world's largest e-commerce market. Figures from China's Ministry of Commerce reveal that total online sales increased to CNY1.85trn (US$296.96bn) in 2013. According to the government report, the number of Chinese consumers shopping online rose from 242m in 2012 to 302m in 2013, a 24.7% increase. During the year, online sales accounted for 7.9% of consumer goods spending, up 1.6% on the prior year.
Packaged food manufacturers and retailers alike must respond to this new channel growth. As we detailed in our Management Briefing looking at emerging market e-commerce, published at the start of the year, e-commerce requires distinct strategies that differentiate it from traditional channels.
And, as has been demonstrated in the case of infant formula, companies that fall behind the curve risk losing share in a highly competitive market. We recently flagged in our insight pages that the likes of Danone, Mead Johnson and Nestle are all scrambling to step up the presence of their infant formula businesses online.
Online sales have been highly disruptive for the infant formula category in China. The question now is what other sectors will be redefined by e-commerce and are you ready?
HelloFresh, the Germany-based recipe-kit firm, is to expand its operations in the UK with the launch of its first product into the country's supermarket channel....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Indofood, the Indonesia-based food group, today (24 March) booked a jump in annual profits, helped by one-off factors but also underlying growth....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- Analysis: Chocolate sector's deforestation pledge
- US food next wave on display at Winter Fancy Food
- Kraft Heinz cuts jobs in US, Canada
- Unilever invests in Dutch meat substitute project
- Lactalis fails to hit threshold to delist Parmalat
- Fonterra cuts earnings forecast
- Brazil seeks to cool concerns over meat probe


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Associated Press: After eyeing a piece of haddock on the supermarket counter, a customer scans a code and finds out the fish was caught in the waters of Georges Bank and learns the name of the fishing boat — and maybe even sees a picture of the smiling, rain-slickened fisherman who reeled it in. Welcome to the future of buying New England seafood.
Gulf of Maine Research Institute in Portland is developing the tool, which was recently awarded a $175,000 federal government grant, in cooperation with Maine Coast. Final release is about two years away and will likely take the form of a smartphone app, said Jen Levin, the institute's sustainable seafood program manager.
The project involves bringing together data about the different pieces of the supply chain — including catch, landing, auction, processing and delivery — and allows the buyer to see all the way back to the fisherman, Levin said.


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The First Major News in the AI Community for the Second Half of the Year: Meta Releases LLaMA 2, Fully Open Source and Free for Commercial Use.
In the AI Mid-Year Summary article shared last month, I mentioned that Meta had already achieved a significant leadership position in the AI open-source community with LLaMA. Now, Meta is leveraging its success and making a major move by launching LLaMA 2 today (July 19th) to further solidify its position.
Compared to the first generation of LLaMA, LLaMA 2 uses 2 trillion tokens (which represents the amount of text) for training and offers an input length of 4,096 tokens, which is twice the length of the previous generation.
Recently, the AI research community has been engaging in a competition regarding text length, focusing on the number of tokens that language models can process at once. This aims to enhance the language model's ability to demonstrate comprehensive contextual reasoning, leading to better AI performance.
OpenAI's ChatGPT, Anthropic's Claude, and some recently published research claim to have extended token lengths to 32,768, 100,000, and 1 million, respectively. While LLaMA 2 may seem shorter in comparison, it is crucial to note that LLaMA 2 is the only one among them that is open source.
In the announcement of LLaMA 2, Meta mentioned that its capabilities are still not as advanced as GPT-4. However, this precisely highlights a major challenge for OpenAI: In the future, every enterprise will need its own AI brain as an operational center, but this AI brain doesn't necessarily have to be as powerful or expensive as GPT-4.
What enterprises need is a customized AI model that can address their specific business challenges and "possess domain expertise". They don't require an all-knowing AI.
Since the first half of the year, with the initiation of the AI arms race centered around "downsizing the AI brain" (as mentioned in my previous article), the entire trend has been accelerating. LLaMA 2 has reached a new milestone as it is not only fully open source but also signifies a significant partnership announced by Meta.
Qualcomm and Meta have collaborated to integrate LLaMA 2 into smartphone chips, which will become a reality in 2024. This indicates that Meta has gained a first-mover advantage in the AI edge computing market. Currently, other big tech companies do not have a comparable open-source model to compete with LLaMA 2.
Let's not forget that in the past, Google achieved market dominance in the mobile operating system (OS) market by leveraging the open-source software Android. Meta missed the opportunity for mobile development and had to rely on the ecosystems of Apple and Google, constantly making adjustments due to privacy concerns and its advertising business models, as the ongoing competition among these three enterprises has never subsided.
This year, Zuckerberg decisively shifted Meta's focus from the metaverse to fully embrace AI. With (the accidental leak of) the first-generation LLaMA, Meta has opened up a new competitive landscape with the opportunity to explore deeper into everyone's smartphones.
Let's not forget what we have always emphasized: in the digital business domain, it's all about an ecosystem battle. Meta integrates three crucial weapons: AI chips, open-source AI models, and its existing powerful network effects. Amidst the clash between the two giants, Google and OpenAI/Microsoft, Meta has suddenly entered a new AI battlefield, aiming to start from community network applications and vertically delve into everyone's smartphone computing chips.
At this point, it has been proven that what I mentioned before: anyone claiming that Meta is absent or falling behind in the entire AI war is completely misjudging the situation.
Meta is not playing catch-up; instead, it has entered the AI battle from a completely different competitive angle. Many still have doubts about Zuckerberg's metaverse, but he is genuinely impressive. I have always advocated that AI's development will accelerate the growth of the metaverse. Looking back in a few years, we will realize that Zuckerberg was just taking a temporary detour.
According to rumors, Meta is conducting internal tests to deploy LLM (Large Language Model) on Messenger at a large scale. As the world's largest messaging platform, there is no better place for creating a large number of popular digital humans than Meta's portfolio. I'm quite certain that Meta will swiftly enter this market.
Therefore, the emerging generative AI companies, such as digital human companies, have been under the pressure lately. After all, once the tech giants catch up and assert their dominance, these companies could be heavily impacted.
The network effect remains the most advantageous moat controlled by big tech, and the second half of the year will be their home field. Startups relying solely on generative AI technology for entrepreneurship will face immense competitive pressure without a clear moat.
With the groundbreaking release of LLaMA 2, the industry has witnessed a bloom of open-source models being utilized to build various AI applications. Companies that have cautiously guarded their "exclusive large language models" as trade secrets and primary competitive advantages must swiftly construct an entire AI ecosystem and become new gateways to the internet. Otherwise, they risk being overshadowed and potentially consumed by the existing ecosystem of big tech companies.
Building a new ecosystem is not simple, and these enterprises will face a critical moment of survival in the second half of the year. The rapid pace of market change is truly remarkable.


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In today’s generation, students start to get a laptop of Apple Company. Although it is costly, but as compared to other laptops it functions very systematically. The operating system is different from windows in iMac. You can Hire MacBook Canberra from highly reputed companies of the industry.
Apple fans are in for a huge ride as a new rumor has started circulating online regarding the 2016 MacBook Pro's early release, the rumor adding that the laptop will be unveiled with the 2016 MacBook Air and iPad Air 3. Apple has launched a lot of devices earlier for the smooth functioning of the computer system. RAM and Processor are high in Mac. The work is also of good quality.
The speed is good. The latest model of Apple can be best yet, but it is the suspense we have to wait. The Skylake-U processor will provide special improvements to the CPU and GPU of the gadget. Report analysis says that there has been a 10% increase in CPU performance and 34% increase in Intel HD graphics speed.
The 2016 MacBook Pro is also seen to support Force touch technology. Apple started to offer huge discounts on its older models. The consumers believe that the tech giant just may decide to go with what the rumors suggest. The efficiency of iMac is 100% as what the rumor suggests. 2016 MacBook Pro might be an added advantage.
Apple needs to launch new iPhone 6s, iphone7s, and android version. These are sure if launched going to be of high quality electronic gadgets. In earlier days, people did not have the option to know what the apple company is all about.
Printers, Copiers and Plotters can be hired rental. It will be very beneficial for the work instead of purchasing it. High definition of the monitor and cinema can be hired on the basis of rental. The work will be done smoothly and the quality of work will be good. Hiring MacBook has been always beneficial.
Apple is one such company which has consistently and constantly delivered in the field of innovating technologies which is functioning well today. The MacBook air has gained prominence. Graphics can be created today. Hire MacBook in Canberra and enjoy a great experience.
I am looking for


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Having re-opened a few days after Easter, production at the Amberol factory is running smoothly. There have been some adjustment in processes and systems, and changes have been put in place to ensure strict social distancing in accordance with government regulations but Amberol’s MD reports that there have been surprisingly few teething problems.
After a wet and rather grey winter, spring is finally here. As the days lengthen and get warmer (and hopefully drier), people emerge from spending much of their time indoors, eager to get out and about after the long period of winter-induced hibernation.
The development of plastic has revolutionised the manufacturing industry and so many of the products that we use every day. However, the tide of public opinion has recently turned against the use of plastic, due to important and legitimate concerns around its negative impact on the environment.
One of our key aims at Amberol is to ‘Help make a visible difference’ to the places where our products are located. In the case of self-watering planters, this may mean creating more attractive public spaces to encourage visitors, enhance the local economy or simply make it a nicer place to live. In the case of litter bins, this might include reducing litter to ensure a cleaner, tidier environment, as well as achieving ecological targets such as improving recycling rates.
Many Amberol products have been designed in collaboration with customers. As the people who use our litter bins and self-watering planters day in, day out, we feel that they are often well-placed to offer practical advice on any modifications - or even new designs.


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If you've never heard of Edd China, we're sure you're familiar with his popular television show “Wheeler Dealers.” China was the mechanic component of the show but he called it quits last year after 13 seasons. The good news is that he isn't retiring just yet. Instead he's coming out with a new show.
BMW's new 8-Series has been spotted again, this time in its convertible body style. The original 8-Series never spawned a convertible, although BMW did get around to building a prototype.
Volkswagen has revealed full details on its ID R race car that will take on this year's Pikes Peak International Hill Climb. The car is quicker than a Formula 1 car, and VW is hoping to use it for a new Pikes Peak record.
You'll find these stories and more in today's car news, right here at Motor Authority
Edd China of “Wheeler Dealers” fame teases new show
2020 BMW 8-Series Convertible spy shots and video
VW ID R Pikes Peak racer accelerates faster than an F1 car
2019 Toyota Avalon first drive: full-size sedan with a sassy chassis
China's luxury SUV brand Wey unveils self-driving EV concept
BMW teases iX3 electric car in China
Volvo takes car ambience to the next level with S90 concept
2018 Aston Martin DB11 review
How dynamic skip fire tech can cut V-8 fuel use up to 20 percent
Electrify America maps out charging network to rival Tesla Superchargers


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July 23- Whirlpool Corp on Wednesday reported a lower quarterly profit as sales fell in every region except North America. The world's largest maker of home appliances posted a second-quarter profit of $179 million, or $2.25 a share, down from $198 million, or $2.44 a share, a year earlier.» Read More
TOKYO, June 17- Fast Retailing Co Ltd's fast-fashion GU brand aims to accelerate its overseas expansion, first with a launch in Hong Kong, South Korea and Southeast Asia from next year and then in Western markets within several years, the brand's chief executive said.
*Taiwan garment maker is Cambodia's second ever listing. PHNOM PENH/ HONG KONG, June 16- The number of companies on Cambodia's stock exchange doubled on Monday- to two.
DHAKA, June 5- Bangladesh's finance minister on Thursday announced minor sops to improve safety in the country's $22 billion garment industry, after a factory collapse killed over 1,100 people last year, but did not allocate new funds to relocate dangerous buildings.
SAN FRANCISCO, May 21- Google Inc's Nest Labs is recalling 440,000 smoke detectors, according to a U.S. government notice on Wednesday that provides the first public revelation of how many of the smart home appliances have shipped since sales started in November.
The Times Square street performer will soon don Fruit of the Loom boxers along with his hat and guitar, as part of a marketing campaign.
Gillette hopes its FlexBall razor can boost stagnant razor sales with a nifty new swiveling feature.
April 25- Whirlpool Corp said on Friday that its quarterly operating profit rose as strong sales increases in much of the world, including Europe and North America, offset weakness in Asia. The world's largest maker of home appliances reported a first-quarter net profit of $160 million, or $2.02 per share, down from $252 million, or $3.12 a share, a year earlier.
BEIJING, April 22- Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country's thorniest reforms: an overhaul of China's hugely inefficient state-owned industry.
TORONTO, April 17- Lululemon Athletica Inc, best known for its trendy yoga wear, hopes to drive growth in coming years by expanding its range of fitness-related apparel and accelerating international plans, its newly appointed chief executive said on Thursday.
*To broaden products amid success of casual wear collection. TORONTO, April 17- Lululemon Athletica Inc, best known for its trendy yoga wear, hopes to drive growth in coming years by expanding its range of fitness-related apparel and accelerating international plans, its newly appointed chief executive said on Thursday.
What to make of CEOs who blame weather for poor sales, and what investors can expect from spring sales, with Mary Epner, Mary Epner retail analysis.
Gap will report earnings after the closing bell. CNBC's Courtney Reagan reports on a few positive earnings surprises from other retailers.
SAN FRANCISCO, April 6- The personal data gathering abilities of Google, Facebook and other tech companies has sparked growing unease among Americans, with a majority worried that Internet companies are encroaching too much upon their lives, a new poll showed.
*Manufacturers in price war for standard LED light bulbs. FRANKFURT, April 3- Lighting companies like Philips and Osram are scrambling to develop more advanced technology as a price war for LED bulbs threatens to eat into profits and bring on a period of low growth as the long-life bulbs become more common.
Lululemon Athletica forecast lower-than-expected current-quarter results, after posting a profit that was almost unchanged from a year earlier.
*Nike falls after results, Tiffany rises. Geopolitical issues remained in focus after President Vladimir Putin signed laws completing Russia's annexation of Crimea and investors took fright at a U.S. decision to slap sanctions on his inner circle.
*Nike shares fall in premarket after outlook. NEW YORK, March 21- U.S. stock index futures pointed to a slightly higher open on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
*Nike shares fall in premarket after outlook. NEW YORK, March 21- U.S. stock index futures edged higher on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
March 19- Apparel maker Guess Inc forecast a surprise loss for the current quarter, citing weak traffic at its stores in North America and pressure in its wholesale business in Europe.
BEIJING, March 17- Chinese e-commerce giant Alibaba Group Holding Ltd has joined the race to develop' smart' household appliances, partnering with Chinese electronic goods maker Midea Group to produce home devices that talk to each other. Alibaba said on Sunday its long-awaited IPO, expected to be valued at over $15 billion, will take place in the United States.


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- Levi Strauss reported fiscal third-quarter earnings and sales that topped analysts' expectations.
- Levi said consumer demand picked up during the back-to-school season and got a boost from shoppers looking for the latest denim trends.
- Although many apparel companies have been hit by global supply chain bottlenecks, Levi has fared well comparatively due to its diversified manufacturing.
Levi Strauss & Co. on Wednesday reported fiscal third-quarter earnings and sales that topped analysts' expectations, as consumer demand picked up during the back-to-school season and shoppers looked to stock up on the latest denim trends.
Its stock rose more than 2% in extended trading on the news, having closed the day down more than 5%.
Although many apparel companies have been hit by global supply chain bottlenecks, Levi has fared well comparatively due to its diversified manufacturing. Less than 4% of its global volume comes from Vietnam, the company said. Production facilities there have been hard hit by periodic shutdowns during the pandemic.
"Our supply chain really is a source of competitive advantage," Chief Executive Chip Bergh told CNBC. "We can move product around with a lot of agility. ... We've been running the business against different scenarios for the last 18 months."
Here's how the company did in the three-month period ended Aug. 29 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 48 cents adjusted vs. 37 cents expected
- Revenue: $1.5 billion vs. $1.48 billion expected
Net income rose to $193 million, or 47 cents per share, from $27 million, or 7 cents a share, a year earlier. Excluding one-time items, the company earned 48 cents per share. Analysts had expected profits of 37 cents per share.
Revenue rose 41% to $1.5 billion from $1.06 billion a year earlier. That slightly topped estimates of $1.48 billion.
Bergh said Levi took a roughly $10 million hit to its revenue due to supply chain issues.
Wholesale revenue grew 45% year over year, driven by strong demand in the U.S. and Europe, the company said. Direct-to-consumer sales rose 34% from 2020 levels, and climbed 3% on a two-year basis, as more shoppers visited Levi's own brick-and-mortar stores for denim and lounge wear.
Digital transactions were up 10% year over year and up 76% on a two-year basis. They accounted for about 20% of Levi's total sales.
The company noted that its earnings benefited from Levi selling more items directly to consumers and at fuller price points, rather than using promotions.
The lingering health crisis is still shuttering stores around the world. Levi said roughly 10% of its company-operated stores were closed during the latest quarter, primarily in Asia. Roughly 4% remain shut, it said.
For its fourth quarter, Levi is expecting year-over-year revenue growth of 20% to 21%, while analysts had been calling for a 22% increase. The company cautioned its outlook assumes the health crisis doesn't dramatically worsen.
It sees fourth-quarter earnings ranging between 38 cents and 40 cents per share, on an adjusted basis. Analysts had been looking for an adjusted, per-share profit of 40 cents.
For the full year, Levi sees adjusted earnings in the range of $1.43 to $1.45 per share, ahead of Wall Street's consensus estimate of $1.33 per share. That implies full-year revenue growth of more than 27%, which would bring sales close to 2019 levels.
"Our expectation is that holiday is going to be pretty good," Bergh said. "We're chasing demand right now, from a supply chain standpoint, to make sure that everybody can put Levi under their Christmas tree."
The company also said Wednesday that its board approved a new $200 million share buyback program during the latest quarter.
Levi shares are up about 21% year to date, putting its market value of $9.76 billion.
Find the full earnings report here.


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Millions of people around the world depend on international trade for their food security and livelihoods. As countries move to enact measures aiming to halt the accelerating Covid-19 pandemic, care must be taken to minimise potential impacts on the food supply or unintended consequences on global trade and food security...
1 Apr 2020
Global cotton fabric imports totalled 2.3 million tonnes in 2016, remaining relatively unchanged against the previous year's level...
29 May 2018
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
27 Jan 2011
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
27 Oct 2010
JOHANNESBURG, SA: At least 35 countries will be represented by the 337 companies exhibiting at the Southern African International Trade Exhibition (SAITEX) from 25 to 27 July. Many will be there as part of trade delegations from participating nations or regions. Under the auspices of embassies and trade federations, exhibitors will present a rich variety of products reflecting key exports of these countries.
21 Jul 2010


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Honda Cars India Limited said it would replace the driver side air bag inflator of 10,805 Accord sedans made in the years from 2003 to 2007.
Honda has sold 6,381 HR-V crossover in 2 weeks, triple what any other automaker has managed in the first month with a new model in the segment.
The BR-V will primarily target the Asian market, Honda says in its statement. The BR-V is also the third model to be developed by HRAP.
Ahead of the upcoming launch of the new version of Jazz in India, Honda has started shipping the vehicle to South Africa from its plant in Rajasthan.
The new Jazz is being manufactured at HCIL's Tapukara plant where it is investing Rs 380 crore to expand production capacity to 1.80 lakh units annually from 1.20 lakh units.
Helmet manufacturer Steelbird plans to invest Rs 100 crore in the initial phase for setting up a new manufacturing facility at Tapukara in Rajasthan.
Authorised Nissan retailers will rework the engine switch at no cost to the customer to avoid excessive interference, Nissan spokesperson said.
It's the largest automotive recall in American history and understandably it will create ripple effects in markets across the world, including India.


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KENOHSA -- Kenosha police are issuing a warning about a cell phone scam that could put your security and personal information at risk. It's call a spoofing scam.
According to police, the scammers will send a recorded message that says something like this, “Your account has been flagged for security purposes. After the tone, please enter the last four digits of the primary account holder’s social security number.”
“Spoofing is when someone who shouldn’t have it will take a computer program that will disguise a telephone number, and you will get a phone call from what it looks like yourself," said Phylissia Landix, Better Business Bureau.
According to Landix, spoofing can help the scammers in two ways. They may try to trick you into giving up information by posing as your phone company’s account, hoping to get your social security number or something similar. They can also use technology that inserts fraudulent charges onto your upcoming telephone bill.
“The longer time you spend on that phone, the greater chances they can get something done and insert the fraudulent charge," said Landix.
According to Kenosha police, there are some things you can do to avoid being a target:
If you get a phone call from an unknown number or one that seems odd (such as your own phone number), don’t answer the call. You should also check your monthly phone bill to ensure no fraudulent charges were added.
If possible, consider adding yourself to the Do Not Call registry as well.
If you do receive a phone call from a suspicious number, you should contact the Federal Trade Commission, as well. Unfortunately, other than being smart about giving out information and answering phone calls, there isn’t much you can do.
Avoid problems by never giving personal information out over the phone unless you are positive about who you are talking to – and preferably dialed the number yourself. Just let calls from unknown numbers go to voicemail. If it is important, the person will leave a message and you can call them back.
“The reality is, a lot of these cons and scammers are coming from overseas. They’re outside the jurisdiction of the U.S. government," said Adam Price, Better Business Bureau.


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Posted at: 06/23/2013 2:02 PM
By: Cadence Acquaviva
Sen. Schumer issued a warning Sunday about the growing problem with cell phone batteries that rapidly expand and, in some cases, even explode. A widespread problem several years ago that has seemingly returned.
Schumer says in the last two years over 60 reports of after market phone batteries smoking, catching fire, or exploding were filed with the Consumer Product Safety Commission (CPSC), alluding that the issue may be wide spread.
According to published reports, knock-offs and counterfeit models are most likely to have problems, many coming into the country from China. The Senator requested Sunday that the CPSC investigate the matter to determine the scope of the problem, and consider any additional action.
Action such as issuing widespread warnings about certain manufacturers and a possible ban on those manufacturers from importing product deemed dangerous.
In a letter to the CPSC Sen. Schumer says, "The number of cell phone users in the United States exceeds our population, making this a problem for virtually all Americans. I hope that the CPSC can launch a thorough and swift investigation into this public safety risk."


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Loyal Heights’ new neighborhood butcher, Beast and Cleaver, is planning to be open before Thanksgiving.
Englishman-turned-Seattleite/owner Kevin Smith has been working for several months to renovate the former hair salon at 2362 NW 80th St, just next to Larsen’s Bakery and the Fresh Fish Co. He sent out an update this week saying they’ve been waiting on ducting, and once it arrives they’ll do the drywall and finish up the transformation.
“It looks like this is going to push us back to mid November, but you never know!” he writes. “Send a prayer to the ducting gods for us. We’re doing our very best to open at least a week before Thanksgiving.”
In addition to being a “whole animal” butchery, Smith will offer butchery and cooking classes for customers, teaching how to make bacon, meat pies, and sausages. Smith has advertised the classes through an IndieGoGo campaign, funds from which are going into the launch of his business.
The butchery will also have a small kitchen, which will serve intimate dinners on Saturdays for just 10 guests. “These dinners will showcase the best meats and produce available on any given week,” Smith says.


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By Silke Koltrowitz
ZURICH – LVMH’s luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong U.S. demand, company executives told Reuters ahead of LVMH Watch Week that kicks off on Monday.
Hublot and Bulgari, alongside LVMH stablemates Zenith and TAG Heuer, are holding LVMH Watch Week online, with digital presentations of their latest collections.
Hublot is showing an extra-slim version of its Big Bang watch, while Italian jeweller Bulgari has Serpenti Misteriosi watches which are hidden in snake-like bracelets and rings.
The Serpenti watches, which can cost as much at 240,000 euros ($271,464.00) for the most expensive models, are powered by a new miniature Piccolissimo mechanical movement.
Swiss luxury watch sales declined sharply in 2020, when the pandemic shuttered shops and curbed tourism. But they bounced back last year, with Swiss watch exports slightly above 2019 levels at the end of November, thanks to strong demand in the United States and China.
Switzerland’s full-year watch exports are due on Jan 27, the same day luxury goods group LVMH reports full-year results.
“2021 was a good year, we did better than in 2019,” Hublot Chief Executive Ricardo Guadalupe said in an interview on Monday, highlighting 30% sales growth in the United States and “excellent numbers” in mainland China.
“We obviously won’t see the same strong rebound between 2021 and 2022, but we believe we’ll have solid growth.”
He also said that tourist shoppers were still largely absent and that supply chain issues, mainly due to workers sick with the Omicron variant, had caused production delays that would hopefully be resolved by the summer.
Bulgari Chief Executive Jean-Christophe Babin told Reuters the brand had also done better last year than in pre-pandemic 2019 thanks to market share gains.
“We want to continue with this positive trend in 2022,” he said, adding new yellow gold models should help to attract U.S. consumers who are fans of that type of gold, while Asians tend to prefer rose gold.
“The United States became our second-biggest market last year and it has one of the best growth rates currently,” Babin said.
Kering, the other big French luxury goods group that competes with LVMH, said on Monday it was divesting its Swiss watch brands Girard-Perregaux and Ulysse Nardin.
($1 = 0.8841 euros)


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NEW YORK (TheStreet) -- Shares of Rite Aid are climbing on Thursday after the drugstore chain reported higher-than-expected profit for the fourth quarter on growing pharmacy same-store sales and issued a 2015 earnings forecast above analysts' estimates.
Shares of Rite Aid (RAD) are climbing on Thursday after the drugstore chain reported higher-than-expected profit for the fourth quarter and issued a 2015 earnings forecast above analysts' estimates.
Excluding items, the company earned 10 cents a share in the quarter on revenue of $6.6 billion on growing pharmacy same-store sales. Analysts were expecting a profit of 4 cents a share on revenue of about $6.5 billion, according to Thomson Reuters. Looking forward, Rite Aid forecast full-year 2015 earnings of 31 cents to 42 cents a share on sales of $26 billion to $26.5 billion, beating analysts' forecasts of profit of 35 cents a share on revenue of about $25.7 billion.
WATCH: More videos from Brittany Umar on TheStreet TV
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DecentraCow… Non-fungible tokens could be coming to a farm near you. A Wyoming cattleman recently started a four-person shop called CattleProof to help fellow ranchers create NFTs for their cows (the same guy also founded BeefChain, which aims to help ranchers sell blockchain-validated meat — call him a crypto bull). Here’s how CattleProof makes it easier to track and sell cattle:
Bored Cow Graze Club… Big Agriculture has been embracing blockchain technology to make supply chains safer and more efficient. More than half of fruits and veggies are lost along the supply chain, leading to $100B+ in annual food waste. Blockchain systems could create more transparency from farm to store:
NFTs are becoming more practical… Early NFT hype centered on digital art, but these tokens can be applied to more than ape collectibles. NFTs are already being used to verify ownership of physical assets, from a plot of real estate to, now, a herd of cows. The latest use case has companies adopting blockchain tech to fix broken supply chains and improve out-of-date systems.


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Sci-Fi author William Gibson once said that while Facebook is like the mall, Twitter is like the street. If that’s the case, an in-stream payment service called Chirpify is setting up a virtual hot dog stand on Twitter as we speak. Make that a moving library.
To buy the book, readers hit “reply” to a specially coded Tweet with the word “buy” in the text to enter the payment system and download the eBook.
Is Twitter a viable platform for selling goods? The microblogging site didn’t make a single dent in Black Friday sales, which collectively drew only 0.34 percent of referral sales and 0.84 percent of referral traffic from social media sites overall, according to a study by IBM.
But the public nature of Twitter makes Chirpify’s pay button easy to track. A quick scan on the Twitter aggregator Storify turned up four or five orders that had already been placed. (Storify doesn’t catch everything, so this just an observation, not a definitive count).
A Chirpify representative said that this will be the first time anyone has sold an eBook in-stream on Twitter, so barriers may indeed be smashed.


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From 5 to 7 February, Vienna’s trade fair centre Messe Wien will be the venue of the fourth issue of the “ITnT”. The trade fair for information technology and telecommunication (ICT) is the single most important b2b platform for Austria’s ICT industry in Austria as well as for the Central, Southern and South-Eastern European region (CEE/SEE).
In advance of the ITnT 2008, a few trends and innovations in the ICT industry begin to emerge. A major significant topic in the ICT industry is “Green IT” and the question how the industry can contribute to protecting the climate. Applying energy efficiency to protect the climate saves companies more costs. Modern IT systems that do both, save energy and be cost-efficient are one of the trends of the next few years and are also one of the main focuses of exhibitors at the ITnT 2008.
Also, the telecommunications topic at the fair has grown when compared with last year: an increase of 30 per cent in exhibitors allows guesses as to the fact that telecommunications – both landline and mobile telephony – still is a huge attraction of the ICT industry. The newest phones can be seen at the event and also the latest technologies like, for instance, DVB-H (Digital Video Broadcasting – handheld) will be presented – the latter will be an important topic in 2008 at the UEFA EURO 2008 TM that takes place in Austria and Switzerland.
Day Ticket : € 25,00


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BUCKSPORT, Maine – The latest addition to Bucksport’s budding seafood processing industry plans to start preparing lobster for retail and wholesale markets by the end of September.
The workforce of 16 full- and part-time employees at Greenhead Lobster Products LLC will likely grow to 35 to 40 when operations at the multimillion-dollar facility get underway, Owner Hugh Reynolds said.
Whole Oceans’ $180.6 million land-based Atlantic salmon farm and Maine Maritime Academy annex at the former Verso Paper mill site are the biggest examples of Bucksport’s ongoing transformation from a paper- to an ocean-based economy. Greenhead and a cluster of other seafood processors at the town’s Buckstown Industrial Park are at the opposite end of Bucksport’s transition — small companies taking advantage of the town’s proximity to Stonington, the heart of the state’s seafood industry.
Reynolds said that his business is still recovering from a dramatic contraction of its markets. The lobster fishing and processing company lost 85 percent of its customer base in 2017 due to President Trump’s trade war with China and the Comprehensive Economic and Trade Agreement, or CETA, which removed all customs duties for seafood sold between Canada and the European Union.
“It’s not just the Trump tariffs. That’s a misinterpretation,” Reynolds said. “The Trump tariffs are a problem, but Canadians in September 2017 began free trade with Europe, and that ended our European business, and in June of 2018, we lost the business to China due to retaliatory tariffs.”
China represented 25 to 30 percent of his businesses’ trade, with places such as France, Italy and Spain filling in the remaining share of the foreign business, Reynolds said.
“We’re all domestic now,” Reynolds said. “It’s not easy. It’s very competitive. There’s a lot of other people in my shoes, and we’re all fighting over each other in the domestic [market].”
The high value of lobster as a commodity has helped him transition from an exporter to a servant of the domestic marketplace without too much damage, Reynolds said.
Watch: Where do you see Bucksport in 20 years?
He expects ancillary industries to develop in Bucksport as the town’s seafood processors expand their output. Electricians, truckers, food safety inspectors, and engineers familiar with refrigeration and freezing technologies will be among those needed, he said.
Reynolds hopes to process 3 million to 4 million pounds of lobster, mostly frozen lobster tails, and knuckle and claw meat annually once the plant is fully operational. His business is among six lobster processing centers around the state.
Construction of the factory began late last year. Workers started bringing in machinery in mid-July. Workers on Friday were testing a series of machines that will prepare fresh lobster taken from the company’s Stonington facility for supermarkets and high-end restaurants nationwide, he said.
Judy Haskins, a Bucksport resident who will work in the lobster cook room once it is operational, said the machinery processes lobsters quickly. She worked on a machine that cut and cleaned lobster tails. Workers use other machines to fillet or freeze them.
Workers processed 120 crates that each carried about 80 pounds of lobster in about 5½ hours on Thursday, said Haskins’ husband, Mike, who also works at Greenhead.
“They’re actually killing them humanely and getting them going down the line. When we are all up to high standards. We should be able to put, I believe, six or seven lobsters through a minute,” Judy Haskins said.
The lobsters are processed the day after they are caught, Reynolds said.
“We brought a lot of technology and innovation into this place, and we want to do it right,” Reynolds said.
Watch: The Maine lobster industry


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One Roche plan focuses on tech campus bordering Nutley, Clifton
"Scheme 1" is considered a "Tech Led" plan for the Roche property in Clifton and Nutley. Click on the graphic to better view the details. The three proposed master plans for the 119-acre Roche campus all incorporate a hotel, retail and luxury high-rise residential buildings, but one is specifically aimed at attracting technology and biotech companies, according to a report presented to officials in Clifton and Nutley. Read more about the plan in The Record and the Nutley Sun.


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Volkswagen is “basically sold out” of electric cars for this year in Europe and the USA, according to Group CEO Herbert Diess, as persistent bottlenecks in the supply chain are affecting global production.
In the first quarter, the Wolfsburg-based group handed over 99,100 BEVs to customers worldwide across all brands. In Western Europe alone, the order backlog for the electric vehicle models stands at 300,000 vehicles, Diess now stated in the context of the announcement of the business figures for the first quarter of 2022. Customers who now place orders for electric cars in Europe and the USA would not receive their vehicles before 2023.
VW’s 99,100 BEVs made it the world’s second-largest EV manufacturer in Q1 in terms of volume – but market leader Tesla delivered more than three times as many vehicles to customers, with over 300,000 units.
VW is targeting a total of around 700,000 electric vehicle sales for 2022 as a whole. However, production has been hampered, especially in China, where only 28,800 electric cars were sold in the first quarter due to pandemic-related lockdowns.
Despite the restrictions in China and the shortfalls in Europe due to a lack of Ukrainian-made wiring harnesses, Diess said demand had remained robust. “We have very high order books and […] order intake on electric vehicles,” Diess added. “That accounts for all of our models from ID.3, ID.4, the Audi models — [all] are extremely well received in the markets, Škoda models are also very well received in Europe.”
Read more: electrive


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CyberConnect 2's President Hiroshi Matsuyama Wears A Samurai Outfit to Promote Naruto Storm Revolution
Bandai Namco Games Europe has released a new trailer of CyberConnect2’s President Hiroshi Matsuyama dressed up in a Samurai costume.
The reason why he is dressed up in a Samurai costume is to cosplay Naruto’s Samurai outfit from Naruto Shippuden: Ultimate Ninja Storm 3. The special edition for the game comes with a figure of Naruto wearing this outfit.
Aside from the mediocre subbing job, the video is pretty funny. You’ll see Hiroshi Matsuyama doing a lot of silly things in the beginning like doing push ups, running and more.


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Alexa Chung Returns to TV With Two New Shows
Alexa Chung attends the Serpentine Gallery Summer Party at The Serpentine Gallery on June 28, 2011 in London, England. (Getty Images)more pics » Alexa Chung
Although Alexa Chung has been a constant presence in the fashion world, she's been out of the TV spotlight for a while since her show, It's on With Alexa Chung, was cancelled. But all that's going to change this fall. In addition to hosting the upcoming PBS series Thrift America, which debuts this fall, Alexa has also signed on to host 24-Hour Catwalk.
The show, created by Lifetime, will pit fashion designers against each other in a competition reality series. Executive vice president of programming Rob Sharenow said:
The thing that is happening now in fashion culture is that every character and subset of skill is being explored, and there is going to be great shows coming out of that.
Looking forward to seeing Alexa's new projects!
Source: The Telegraph
See Alexa Chung's lookbook:


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Illegal vendors in Scarborough continue to feel the pinch as the town is being cleared of people plying their goods on the streets illegally.
Secretary of the Division of Agriculture, Marine Affairs, Marketing and the Environment (DAMME) Godwin Adams said authorities are looking at ways to curb the practice.
“We will continue to make all efforts to have vending taking place where vending is supposed to take place, which is at the Scarborough Market,” Adams stated. “There is a law which debars these vendors who are doing illegal works from plying their trades outside of the market,” Adams saidduring the weekly Post Executive Council media briefing at the Calder Hall Administrative Complex.
The Secretary said he was deeply concerned about illegal vending. He added that he was told by several legal vendors in Scarborough that they “are not given a chance to have purchasers come to their establishment, which is located at the Scarborough Market”, due to illegal vendors setting up shop at random locations in Scarborough.
“We will ensure that we put everything in place to avoid such illegal vending occurring in the capital,” Adams said.
“There is also the 1.5 mile radius that we have to adhere to,” Adams said according to Country Market law. There should be no illegal vending within a1.5 mile radius of the market. The Country Market law does express that you are illegal if you are vending within that 1.5 mile radius.”


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The Swiss-based investment product issuer – 21Shares – listed its first two physically-backed Exchange-Traded Notes (ETNs) on Nasdaq Stockholm. The underlying assets of the financial products are respectively Bitcoin and Ethereum.
First Issuer of ETNs on Nasdaq Stockholm
According to a recent press release, Nasdaq released a new segment for ETNs, a type of debt securities that track specific assets and trade on a major exchange like a stock. Exchange-Traded Notes are similar to bonds but do not have periodic interest payments.
21Shares – a Swiss organization that enables people to invest in various cryptocurrencies through conventional ETPs – became the first issuer of physically-backed crypto ETNs on Nasdaq Stockholm with Bitcoin (ticker symbol: ABTC) and Ethereum (AETH) as underlying assets.
As of November 2021, 21Shares managed nearly $3 billion in 20 European cryptocurrency exchange-traded products and 82 listings. The CEO – Hany Rashwan – commented on the most recent initiative:
“We are excited to become the first issuer of physically-backed ETNs for Nasdaq Stockholm, one of the most tech-forward global exchanges. Our partnership is a strong endorsement of 21Shares’ mission to make cryptos more accessible in a simple and regulated manner.”
In 2015, Nasdaq Stockholm became one of the first trading venues to trade exchange-listed products with bitcoin as an underlying asset. Helena Wedin – European Head of ETPs at the global marketplace – explained more about ETNs and 21Shares’ move:
“Exchange-Traded Notes provide access to alternative investments while maintaining the transparency of a regulated marketplace, and we are happy to launch this new segment at Nasdaq Stockholm with 21Shares as the first issuer.”
21Shares Offers Crypto ETPs for Saving Accounts
Earlier this year, 21Shares partnered with the German online retail platform – Comdirect – to bring its cryptocurrency exchange-traded products to the latter’s savings plan program (Spar plan). Following the development, Comdirect’s nearly three million customers were allowed to gain digital asset exposure in their savings accounts.
Rashwan highlighted his firm’s previous endeavors on the German market, saying that 21Shares was the first crypto issuer to list a “fully collateralized, 100% physically-backed bitcoin ETP” on most German exchanges back in 2019.
Marco Infuso – Managing Director of Business Development of the DACH region (the countries of Germany, Austria, and Switzerland) – described this collaboration as a “milestone in democratization crypto investments.” In his opinion, many investors have been considering purchasing BTC, but until now, they did not have the proper investment tools to store the asset in a savings plan.
TeraWulf – an American bitcoin mining company – raised around $200 million in debt and equity financing from a group of individual and institutional investors. As a result, the firm expects to achieve a mining capacity of 6 exahash per second or 200 megawatts by the second part of 2022.
Furthermore, TeraWulf eyes public listing on Nasdaq through a business merger with the tech company IKONICS Corporation.
TeraWulf Aims High
As part of the $200 million financing, TeraWulf entered into an approximately $123.5 million three-year senior secured term loan. The bitcoin miner also signed agreements with investors to buy newly issued shares of the company’s common stock for an aggregate purchase price of $76.5 million.
“TeraWulf’s ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets,” said Paul Prager, Chairman and Chief Executive Officer at the company.
He added that his firm aims to become bigger than any other public bitcoin mining organization. TeraWulf also intends to produce BTC powered by “100% zero-carbon energy.”
Earlier this year, the entity revealed plans to become a Nasdaq-listed public company through a business combination with IKONICS Corporation (IKNX). The merge is supposed to be completed later this month, after which TeraWulf will enter the global marketplace under the symbol “WULF.”
Some of the giants in the field, such as Riot Blockchain and Marathon Digital, already have their shares traded on Nasdaq. The former trades under the ticker “RIOT,” while the latter under “MARA.”
Griid Infrastructure Has The Same Intentions
A few days ago, Griid Infrastructure – another American bitcoin mining company – and the blank check firm – Adit EdTech Acquisition Corp. (ADEX) – announced their merger. As a result, the latter will acquire Griid Holdco LLC – a newly formed holding organization and parent of Griid. Upon finalizing the transaction, the new entity expects to be listed on the New York Stock Exchange (NYSE).
The newly formed company will have a combined value of about $3.3 billion and will trade as “GRDI.”
Similar to TeraWulf, Griid is also orientated towards green bitcoin mining. Throughout its history, it has secured low-cost power pipelines focusing on carbon-free generation partners. David Shrier – CEO of the company – stated:
“Griid’s combination of a large pipeline of low-cost, carbon-free power, distinctive access to next-generation ASIC’s, and market-leading execution position them to generate attractive profitability and growth.”
The number of cryptocurrency-related companies aiming to go public continues to increase, with the latest example being Iris Energy Pty. The firm, focused on green Bitcoin mining, has filed with US regulators for a direct listing on Nasdaq this year.
- Based in Sydney, Australia, Iris Energy is a Bitcoin mining firm that “owns and operates real assets, including data center infrastructure, powered by renewable energy.”
- According to a press release dated August 18th, the company has “confidentially” filed the US Securities and Exchange Commission to make a debut on Nasdaq.
- By submitting a draft Registration Statement on Form F-1 with the Commission, the firm has outlined its plans to have its shares listed on the popular exchange by the fourth quarter of 2021.
- As with all listings, Iris Energy will be “subject to SEC review as and market and other conditions.”
- Interestingly, the company has chosen to go live on Nasdaq through a direct listing instead of the more traditional way of an initial public offering (IPO).
- The direct listing approach – also known as direct placement or direct public offering – eliminates the necessity of intermediaries (underwriters – typically banks). In this case, the firm sells outstanding shares directly to the public.
- With IPO, the intermediary charges a commission for facilitating the process and underwriting the newly-created shares. It’s typically regarded as the safer option.
- Previously, the largest US-based cryptocurrency exchange, Coinbase, also chose to go public on Nasdaq through a direct listing.
- Back in April this year, the firm’s share traded at around $400, and the total valuation exceeded $100 billion.
- Since then, other companies that presented plans to go public included Bakkt, eToro, Kraken, and even Binance hinted at something similar.
Core Scientific, a digital asset mining firm, aims to be the next company from the crypto space in line to become publicly traded at a $4.3 billion evaluation. Instead of an IPO, Core will merge with a SPAC called Power & Digital Infrastructure Acquisition Corp.
- As reported on July 21st, Core Scientific, a crypto miner with operations in several US states, plans to go public on Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp – a special purpose acquisition company (SPAC).
- After the deal, both parties’ estimated valuation should skyrocket to just over $4 billion.
- However, the company has failed to provide more details about when precisely it aims to become public or what would be the ticker.
- According to Darin Feinstein, co-founder and co-chairman of Core, the company’s “blockchain infrastructure business is unparalleled, backed by more than 70 blockchain and infrastructure-related patents and applications.”
- Core’s CEO, Mike Levitt, indicated that his firm had mined more than 3,000 bitcoins so far this year. Additionally, he outlined significant demand for its products as the capacity is “basically sold out through 2022.”
- Should Core indeed become a publicly traded company, it will join a growing number of digital asset representatives available for trading on giant exchanges.
- Perhaps the biggest name to do so earlier this year was Coinbase. The largest US crypto trading venue went public on Nasdaq with a valuation of $100 billion.
- As Coinbase was preparing for the move, other crypto-affiliated firms like Bakkt, eToro, and Kraken highlighted similar plans.
Victory Capital Holdings has outlined plans to enter the cryptocurrency market through its wholly-owned investment adviser, Victory Capital Management. To do so, the branch has partnered with Nasdaq and crypto-focused asset manager Hashdex.
- Founded in 2013, Victory Capital Holdings is a US-based asset manager with nearly $160 billion in AUM as of April 30th, 2021.
- According to a press release shared on June 9th, the firm’s investment adviser, Victory Capital Management, has “established exclusive agreements” with Nasdaq and Hasdex to enter the digital asset space.
- The asset manager will serve as the exclusive sponsor of private placement funds and other products for US-based investors. They will be based on the Nasdaq Crypto Index (NCI), which was developed by Nasdaq and Hashdex.
- Apart from the private fund, which will be available for accredited investors only, Victory Capital will offer other products tracking the Nasdaq Bitcoin Reference Price index and the Nasdaq Ethereum Price Index soon.
“We continually strive to provide our clients with the forward-thinking choices they want and believe cryptocurrency is a viable asset class that can be part of a well-diversified portfolio.” – commented Mannik Dhillon, CFA, CAIA, and President of VictoryShares and Solutions.
- Sean Wasserman, Vice President and Global Head of Index and Advisor Solutions at Nasdaq, said these products could have been expected as the digital asset space has “seen a developing maturity” lately.
- Dhillon added that investors will be able to see returns that “align with the cryptocurrency market in a diversified manner” through the products tracking the NCI.
- It’s worth noting that Victory Capital is not the first large US-based institution to dip its toes into the crypto space. Numerous American banks, including Goldman Sachs, JPMorgan, Morgan Stanley, and BNY Mellon, recently announced similar plans with products ranging from custodial services to actively managed funds.
Cathie Wood’s Ark funds has purchased a total of $352 million worth of Coinbase shares, two days after making its debut on the Nasdaq stock exchange under the ticker, COIN.
Ark Funds’ COIN Acquisition Spree
Citing data received by email, Bloomberg reports today that Wood’s funds, including the Ark Innovation ETF, Ark Fintech Innovation ETF, and Ark Next Generation ETF together added 341,186 COIN to their holdings yesterday.
This is the second investment in a roll that Wood’s Funds have made in Coinbase. Ark’s funds earlier purchased 749,205 Coinbase shares moments after it went live on Nasdaq. The shares were acquired at approximately $250 million, with each unit priced around $333.67.
With the latest acquisition, Wood’s funds now hold a combined 1,090,388 Coinbase shares, valued at around $352 million, at the time of writing.
According to Bloomberg, the emailed data suggests that Ark funds sold some of its stake in New York Stock Exchange owner Intercontinental Exchange for two consecutive sessions.
Wood Receives Indirect Bitcoin Exposure
Despite its large purchase of Coinbase shares, Tesla stock (TSLA) remains the top holdings of Wood’s funds even after selling about $170 million worth of shares of the electric car company.
Ark funds’ investments in Coinbase and Tesla, increase their indirect exposure to bitcoin and other cryptocurrencies.
As reported, the American electric car company had purchased $1.5 billion worth of bitcoin in February 2021, thus boosting the cryptocurrency’s popularity among various institutional investors and wealth managers.
Coinbase Performance on Nasdaq
Coinbase has continued to gather attention globally following its direct listing on Nasdaq on Wednesday. Even after getting a reference price of $250 for a unit of its share, COIN opened at $381 and subsequently surged to $429.54, before retracing back to $310.
The share closed around $328.28 on Wednesday, which saw the popular crypto trading firm’s market cap set at $85.8 billion.
Unfortunately, the stock slumped further on Thursday and closed 1.7% lower, bringing the exchange’s value below 43% of the $112 billion it hit in its debut.
Coinbase finally started trading on Nasdaq today. The leading US-based cryptocurrency exchange became the first major exchange to have its shares publicly traded.
- Coinbase’s direct listing on Nasdaq was undoubtedly one of the most highly anticipated events in the entire cryptocurrency industry and the fintech world alike.
- It took place moments ago, and according to the official website of Nasdaq, COIN shares had a debut price of $381.
- At the time of this writing, however, the shares are trading at around $400, which means that the company is currently valued at above $1 billion.
- It’s also worth noting that the opening price was significantly higher than the reference price of $250 that we saw earlier. It represents a difference of around 50%.
The story is developing.
With the crypto and perhaps the entire financial world focused on Coinbase’s direct listing scheduled to occur today, Binance announced it will list the stock token after the Nasdaq public listing is complete.
Binance to List COIN/BUSD
CryptoPotato reported the latest initiative from the world’s leading crypto exchange Binance in which the company introduced zero commission tradable stock tokens. The so-called Binance Stock Tokens enable holders to qualify for economic returns on the underlying shares, including potential dividends.
The exchange said the first such token to see the light of day would be Elon Musk’s Tesla. It seems as the initiative has enjoyed a rapid adoption from users as the trading volume has neared $7 million in a matter of days.
Consequently, Binance has decided to expand its portfolio of available stock tokens by introducing a second one, which will also be settled with the exchange’s native stablecoin – BUSD.
“Binance will list the Coinbase Stock Token (COIN) on 2021-04-14 (UTC), during which the COIN/BUSD trading pair will be open. Users will be able to trade fractional Coinbase stock on the Binance website.”
It’s worth noting, though, that the Binance Stock Tokens are not available for everyone. Users based in Mainland China, Turkey, the US, and other restricted jurisdictions are prohibited from trading them.
Coinbase’s Nasdaq Listing
All eyes are on the largest US-based cryptocurrency exchange today as its direct listing on Nasdaq Global Select Market is scheduled to complete by the end of the working day.
Coinbase averted from using the more traditional IPO process, which requires the usage of intermediaries called underwriters (usually banks) to facilitate the listing. Instead, the company chose the direct listing approach (also known as a direct public offering (DPO)). With it, Coinbase will be able to start selling shares directly to the public without the employment of intermediaries.
The community has outlined numerous potential evaluations ranging from about $90 billion to over $150 billion. The precise number will become known upon the official listing.
Nevertheless, Coinbase going public is highly essential news for the entire cryptocurrency industry as it validates the growth experienced in the past decade or so. Additionally, it opens the door for other firms from the space to follow along, with Kraken, Bakkt, and eToro announcing similar plans.
Coinbase, the largest cryptocurrency exchange in the U.S., has announced a date for its highly expected direct listing following approval from the U.S. Securities and Exchange Commission (SEC).
- In a blog post published on Thursday (April 1, 2021), Coinbase revealed that the direct listing of its Class A common stock would go live on Nasdaq Global Select Market in less than two weeks from today. According to the crypto exchange giant, trading would start on April 14, under the ticker symbol “COIN.”
- Coinbase announced the date after the U.S. SEC approved the company’s proposal for a direct listing yesterday.
- Prior to the current development, the crypto exchange company was looking to go public in March. However, as reported by CryptoPotato, the company decided to move the date to April 2021.
- The postponement happened shortly after Coinbase agreed to pay a $6.5 million fine to the Commodity Futures Trading Commission (CFTC). The CFTC accused the exchange of engaging in illegal wash trading practices for three years.
- With the date already announced, Coinbase could be the first crypto exchange to be listed on Nasdaq, which would be a major milestone for the entire cryptocurrency industry.
- Coinbase initially revealed plans back in December 2020 to go public with an initial public offering (IPO). But the U.S.-based crypto exchange giant changed direction, stating that it would go for a direct listing.
- Meanwhile, the company gave a caveat, stating:
“This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”
After the confidential submission of a draft registration statement to become a publicly-traded company announced last year, Coinbase has taken a major step to be listed on the giant US stock exchange – Nasdaq.
- CryptoPotato reported earlier that Coinbase had submitted a confidential draft registration statement to the US Securities and Exchange Commission (SEC) to go public via a direct listing instead of an IPO. Initial estimations suggested that the potential valuation was at about $28 billion.
- Earlier today, the company announced that it had filed a registration statement on Form S-1 with the Commission “relating to a proposed public direct listing of its Class A common stock.”
- This signifies a vital step towards becoming a publicly-traded company. Coinbase plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “COIN.”
- It’s worth noting, though, that while the registration statement has been filed, it has yet to become effective. As the company explained it:
“These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.”
- Furthermore, Coinbase asserted that its filing doesn’t “constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”
- The company reported that its net revenue results for 2020 were substantially larger than the 2019 numbers – $1.1 billion against $483 million. The expenses had also increased from $580 million in 2019 to nearly $870 million last year.


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NEW YORK, June 25, 2018 /PRNewswire/ --
FinancialBuzz.com News Commentary
According to the data compiled by Ameri Research, the global legal cannabis market is projected to be valued at USD 63.5 Billion by 2024. The market drivers are largely the new legalization laws, increasing medical usage, high taxation and rising investments. Legalization has become so prominent that now only four out of the fifty U.S. states prohibit any form of cannabis. Most states allow medical usage, while some allow both medical and recreational use. The widespread legalization has created many job opportunities in the industry for cultivators, manufacturers, retailers, dispensaries, distributors and various other positions. BLOCKStrain Technology Corp. (OTC: BKKSF), Medical Marijuana, Inc. (OTC: MJNA), Kaya Holdings Inc. (OTC: KAYS), NightFood Holdings Inc. (OTC: NGTF), New Age Farm Inc. (OTC: NWGFF)
While more and more states within the U.S. are pushing towards legalization, Canada passed a bill on June 19th, 2018, to legalize cannabis nationwide. According to CBS News, Canadian Finance Ministers want to price cannabis at a roughly USD 10 per gram, while Yukon's Minister is pushing for USD 8 per gram, to combat illicit sales. The government is looking to tax legal cannabis products at USD 1 per gram, or one-tenth the retail price, driving in strong federal and provincial tax revenue. "It's this amazing case study for countries globally to see the amazing benefits that legalizing cannabis can have on things like the economy, eradicating the black market and getting cannabis out of the hands of minors," said Matt Gray, Founder and Chief Executive of Herb, a Toronto-based news and social media platform for the cannabis industry.
BLOCKStrain Technology Corp. (OTC: BKKSF) is also listed on the TSX Venture Exchange under the ticker (TSX-V: DNAX). Earlier last week the company announced that it is, "welcoming National Green Biomed Ltd. to its software platform. Blockstrain and NG Biomed, this week signed a letter of intent for the adoption of the Blockstrain software platform at NG Biomed's production facility in British Columbia, Canada. NG Biomed is a late-stage applicant to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations in Canada.
Under the letter of intent signed June 18th, 2018, the parties agree to negotiate the terms of a business relationship through which Blockstrain will integrate its core software platform into the operational infrastructure of NG Biomed in order to optimize product testing, genetic verification, supply chain visibility and management of growing operations.
Secondly, Blockstrain will use its proprietary technology to create a custom platform for NG Biomed that will empower NG Biomed's clients and partners with the ability to instantly arrange for sales, shipping, testing and analysis of NG Biomed products, as well as giving comprehensive visibility over such products throughout their entire life cycles. NG Biomed is currently launching an initial 30,000-square-foot greenhouse facility on 68 acres in the Fraser Valley region of British Columbia and has room to expand to at least 500,000 square feet of production space.
The Company is headed by former Federal Cabinet Minister Herb Dhaliwal as Chairman of the Board, and son, Justin Dhaliwal, as Chief Executive Officer.
Blockstrain CEO, Robert Galarza, says he's excited and honored to work with an experienced and well-connected management team that focuses heavily on research and development.
'Over the past several years, I've had the privilege of getting to know Herb and Justin very well, and I believe they are among the most professional and connected people I have met in the cannabis space in the U.S. or Canada,' Mr. Galarza said. 'Their integrity is second to none and it has been a true pleasure working with them to advance our technology's data-centric solution for this industry.'
NG Biomed CEO, Justin Dhaliwal, says his company chose to work with Blockstrain not just because they were impressed by the software, but because they were impressed by the Blockstrain team.
'We feel implementing smart technology allows us to be more efficient, and in terms of record management, we need to keep track of all our strains and genetics in a way that is simple, effective and enforceable,' Justin Dhaliwal, said.
"Robert is a great leader and a very insightful businessman, and their CTO Tommy Stephenson is absolutely brilliant. Tommy's experience as the former CTO at WeedMaps is also important. He's an expert in IT, absolutely, but it's more important that he really understands the industry's needs because he's lived it for so many years."
The parties to the agreement say they will be working out details of the Blockstrain software deployment over the coming weeks and finalizing the terms within a formal definitive agreement."
Medical Marijuana, Inc. (OTC: MJNA) aims is to be the premier cannabis and hemp industry innovators, leveraging its team of professionals to source, evaluate and purchase value-added companies and products. The Company recently announced that it has signed a non-binding Letter of Intent with Salvation Botanicals, Ltd., to bring its internationally recognized cannabis products to the quickly growing Canadian cannabis market. According to Deloitte, the legal cannabis industry in Canada has the potential to generate over USD 4 Billion in recreational sales within its first year. It's also been estimated that total estimated consumer spend could surge by as much as 58% and regular cannabis users will increase purchases by 22% under the new legislation. Salvation Botanicals is a leader in the evolving cannabis market. The company was founded on a commitment to the science of standardization and consumer protection through analytical testing and the development of stringent production processes. "We're excited to announce this collaboration with a company that is known for dedication to the production of trustworthy and reliable cannabis-based products," said Medical Marijuana, Inc. CEO Stuart Titus. "We feel confident that the company's analytics and science focus will provide us with the best products available in Canada."
Kaya Holdings Inc. (OTCQB: KAYS), through subsidiaries, produces, distributes or sells legal premium medical and recreational cannabis products, including flower, concentrates and oils, and cannabis-infused foods. The Company recently announced that it will be filing an appeal against the denial of its Kaya Farms™ AG. Facility Site Plan application by the Linn County, Oregon Planning Commission. As previously reported, KAYS acquired a 26-acre property in Lebanon, Oregon, on which it intends to develop its Kaya Farms™ Marijuana Grow and Manufacturing Complex and had filed necessary zoning and permit applications with respect thereto. "While the decision is disappointing it was not unexpected," commented Kaya Holdings CEO Craig Frank. "We clearly demonstrated our compliance with code and our ability to meet the 12 standards set for approval. Our land is zoned Exclusive Farm Use... We have conferred with our Oregon Counsel and intend to vigorously apply for relief with the County Commissioners, the Land Use Board of Appeals and Oregon State Courts as appropriate."
NightFood Holdings Inc. (OTC: NGTF) operates both NightFood, Inc. and MJ Munchies, Inc. NightFood, Inc, "The Nighttime Snack Company", is a snack food company dedicated to providing consumers with delicious, better-for-you, sleep-friendly choices for evening snacking. NightFood Holdings recently announced that the first production run of Half-Baked™ branded products has been successfully completed under license in the State of California. The Half-Baked brand THC-infused cookies each contain 10mg of THC and will retail for approximately USD 5. As originally announced on April 20, 2018, the product is on track to be available at retail before the end of May. The Company is currently engaged in talks with additional prospective Half-Baked licensees in both Colorado and Washington State. "This is the birth of a leading national edibles brand in the marijuana space. That's how we view this initial production run and pilot launch," commented CEO Sean Folkson. "As more states continue to follow suit and pass marijuana legislation, we see an increase in the value of the opportunity and in the value of the Half-Baked intellectual property."
New Age Farm Inc. (OTC: NWGFF) is an agricultural services company offering unique turnkey growing infrastructure and services for licensed growers and processors of luxury marijuana crops at its agri-campuses in Washington State. The Company recently announced that its subsidiary facility in Denver, Colorado, We Are Kured LLC., has officially launched its new website at http://wearekured.com . After a brief test period, WAK has launched a fully operational retail website where its first product, an ergonomically designed hemp-based vaporizer pen in a ready-to-use form, is now available for purchase online. Each vape pen is filled with 250mg of the highest quality, Terpene infused, CBD oil in the user's choice of one of three specific terpene flavor profiles. The three variations are Moonlight, an Indica blend infused with OG Kush Terpenes; Daylight, a Sativa blend infused with Pineapple Express Terpenes; and Allday, a Hybrid blend infused with Strawberry Diesel Terpenes. Mr. Carman Parente, President and CEO of New Age Farm commented, "We can see that the WAK team are on to something. Since joining New Age Farm last December they have consistently met goals and expectations and have launched this first product effectively and in excellent time. The vape pens are selling well, and we look forward to more lifestyle products from this talented group."
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Asda: Grandmothers head online to manage household budgets
The latest Mumdex Report from British supermarket chain Asda reveals that mums of all ages are now using technology to manage the household budget and make money stretch as far as possible.
Nine out of 10 young mums surveyed by Asda go online to save money by shopping around. Mothers, and grandmothers, are not just using desktop PCs, more than 70% of the 5,500 women surveyed, across all age groups, owned a smartphone and 78% of those age 20-29 has shopped online via their device.
It's not just younger mums that use technology to stretch their household budgets to the fullest. A significant number (85%) of grandmothers, age 60 and over, and almost half of those age 70 and over, said they had used the Internet and digital apps to save money.
"It's refreshing to see that smartphone apps and comparison sites are not exclusive to the younger generation," says Hayley Tatum, Asda's Executive People Director, "and in general mums are feeling much more optimistic as they find effective ways to make the pound in their pocket stretch further."
Other findings from Asda's Mumdex Report (.pdf) include:
- 41% cooked meals from scratch using recipes they found online;
- Three-quarters regularly use online banking to monitor household budgets;
- Two-thirds have saved money by using the Internet to research and change service providers such as energy, insurance and banking interest rates.
Image via Shutterstock
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With Huawei set to have a busy MWC 2017 unveiling the Huawei Watch 2 and potentially its VR headset, the company has announced the Honor VR Camera ahead of the event.
This isn't the first wearable we've seen from the Chinese giant's spin-off, with the Honor S1 and Honor Band A1 launching last year, but this does represent its first dip into the world of virtual reality.
Read next: Best 360 degree cameras
And as the name suggests, the camera is designed for capturing VR content, while also being designed to clip onto smartphones.
The full specs of the Insta360-developed device are still relatively up in the air, but we do know it will be capable of supporting live-streaming, capturing photos and videos in 360-degrees and taking stills holding 3K resolution. The attachment will also be available "internationally", though specifics have not yet been released.
Of course, Huawei isn't the first company to provide users with a VR-capturing device. Those with a spare treasure chest lying around and looking to get in on the professional end can take a look at Nokia's Ozo or GoPro's Omni, while Samsung and LG offer more affordable options.
What could separate the Honor VR Camera is its accessibility, though - particularly if it turns out to be compatible with devices outside the Huawei bubble.
Stay tuned for more details, such as price, release date and what resolution the camera actually shoots in, which will likely be revealed over MWC 2017 in just a few days.
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CEO of Hyperloop Transportation Technologies tells The Future of Materials Summit that the hyperloop challenge is not making new inventions or discoveries but bringing diverse
The first technology to effectively protect people from Nitrogen Dioxide in cars (NO2) is launched today, and is set to transform the lives of children
At the technology conference “Web Summit 2017” (Lisbon), the Volkswagen Group and Google today announced comprehensive research cooperation in the field of quantum computing.
According to figures from accountancy firm UHY Hacker Young, the value of inventory held by UK dealerships has risen to £27.3 billion, a 16% year-on-year
Turbo Technics, one of the UK’s leading producers of new and remanufactured vehicle turbochargers, has introduced an additional machine to their range of test equipment,
Adur & Worthing Councils have today announced that they have teamed up with HiyaCar to become the first UK council to enable peer to peer
Almost a third of businesses (31 per cent) admit being slow to adopt technological innovations, according to a new study1 by TomTom Telematics.
Mercedes-Benz has announced its plans to be the first automotive manufacturer to launch in vehicle 3 word address navigation.
SmartWitness is bringing 4G LTE connectivity to its next generation in-vehicle camera technology as the video telematics leader pushes further into data enabled advanced driver
Volkswagen Connect is now available from selected Volkswagen Retailers nationwide. Using a Dataplug and the Volkswagen Connect app, drivers will be able to access a


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June 23, 2018
The Southwest Wine Center is producing award-winning wines, made entirely by students. VVN/Halie Chavez
Stories this photo appears in:
The Southwest Wine Center has come a long way since Paula Woolsey taught wine education in the ceramics room over a decade ago, with just a single acre of grapes growing outside.


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SILVERTHORNE, Colo. (CBS4) – The outlet malls in Silverthorne saw huge crowds on Black Friday.
It was nearly impossible to find a parking spot at the Silverthone outlets, and crowds packed stores from right after dinner Thursday night through the weekend.
“Last night we were pretty busy from like 9 a.m. to midnight,” GoLite manager Todd McKean said.
GoLite was one of the few stores at the outlets that actually closed overnight but reopened to even more shoppers.
“Kind of crowded, one of our better days in a while,” McKean said.
It seemed like an out of the way shopping destination, but CBS4 found Marshall Montoya from Denver with almost too many bags to carry.
“We came to do some skiing, celebrate the holiday and do a little shopping,” Montoya said. “Black Friday deals are fantastic. We got out of most stores for under $10 and I’ve almost got all my Christmas shopping done.”
Some store managers said they were surprised that the deals trumped the weather and the shoppers still turned up.