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Sri Lanka hotels push the country's shares up
Sri Lanka hotels shares rose last Friday with the anticipation of the expansion of a post-war tourism market, and despite the rupee falling due to importer demand for dollars, analysts are hopeful that next week the market will see a rise again.
Officials believe that this week's New Years' holiday kept many investors away and trading in the currency and share markets was quiet due to companies not yet reopening for business after the holidays on Tuesday and Wednesday last week. However, they anticipate that a rise will be seen once traders return from Sri Lanka holidays this week.
Share in Sri Lanka hotels saw a rise as CSEHT hit a record high which was led by a 6.57 percent rise in John Keels Hotels KHL.CM.
The tourism market is expected to expand now that the island's civil war has ended and with this the number of travellers taking holidays in Sri Lanka is expected to hit an all time high this year.
Last year, Sri Lanka Tourism underwent the launch of a new rebranding campaign which introduced a new logo and tagline, "Sri Lanka Small Miracle". The campaign was put in place to encourage travellers from all over the world to take Sri Lanka holidays and reassure visitors that the stunning island country is now a safe place to visit as the 25 year long civil war reached an end.
So far tourism numbers have significantly increased and Sri Lanka hotels and travel companies are seeing the benefits. The beautiful island of Sri Lanka is a fantastic tourist destination for travellers on Sri Lanka weddings and honeymoons or luxury holidays.
Situated in the Indian Ocean just 30 km from the south coast of India, Sri Lanka is a picturesque island rich in culture and history with miles of stunning palm infringed beaches, lush green hills and mountains, and a warm tropical climate. The Indian Ocean island is a popular destination for weddings abroad and honeymoons and has a wide selection of luxury Sri Lanka hotels and resorts, perfect for romantic escapes.
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Enjoy a wonderful beachside haven of tranquillity, days of luxury and the chance to see the island's green hills carpeted by lush plantations
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Private tour visiting many great cities such as Sigiriya, Polonnaruwa and Kandy
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Discover a world of peace and relaxation at the all-inclusive Mermaid Hotel Club in the gorgeous Kalutura Beach, Sri...
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China's slower growth raises rebalancing stakes
Weaker figures for mainland's second-quarter gross domestic product highlight need for Beijing to shift towards domestic consumption
On a humid summer afternoon, roadbuilder Zhang Hongxin from rural Shaanxi province offered living proof of the country's increasingly urgent need to rebalance its economy towards domestic consumption and away from fragile foreign demand that yesterday was revealed to have dragged economic growth down to its lowest in a year in the second quarter.
Domestic demand was a relative bright spot in an otherwise gloomy second quarter that saw annual growth slip to 7.5 per cent from 7.7 per cent in the first three months of the year, but economists doubt it can do the heavy lifting to turn the entire economy around - especially while the likes of Zhang earn only 100 yuan (HK$126) a day, subsist on a diet of rice soup and steamed buns - never meat - and live roughly in temporary sheds by the side of the road he is building.
"We expect consumption growth to remain fairly steady even though we would not expect consumption to be an independent driver of the cycle" is how Louis Kuijs, an economist at Royal Bank of Scotland in Hong Kong put it in a note to clients.
In other words, until Zhang and the about 260 million migrant workers nationwide like him can be turned into an army of free-wheeling consumers, Beijing cannot fully replace the spending power of the fickle foreigners who have slashed purchases in the wake of the 2008-09 global financial crisis.
Net exports were the big drag on second-quarter growth, shaving 1.4 percentage points from gross domestic product from the same period last year, putting the economy back on the barely interrupted downward trend it has been on since early 2010.
Add in the structural shift that economists anticipate pushing economic growth closer to 5 per cent by the end of this decade than the average annual 10 per cent seen for the past 30 years, and the enormity of the challenge facing policymakers is clear.
Senior policy advisers were pondering how to make it happen at a meeting in Xian.
"The biggest potential to spur domestic demand is to shift consumption from the countryside to urban areas," said Li Tie, a director-general at the China Centre for Urban Development under the National Development and Reform Commission.
Create conditions for migrant workers to find jobs and live in cities and you immediately create demand for properties, furniture, decoration materials for houses, education and health-care services.
It is a big task considering migrant workers in Shaanxi earned about 1,500 yuan a month last year, even as their wages have been on the rise in recent years.
But policymakers are determined to make it happen, having pledged to double real incomes over the next 10 years as part of the shift.
Sheng Laiyun, a spokesman for the National Bureau of Statistics, said the government's push to raise its urbanisation ratio from last year's 52.6 per cent would "unleash huge potential for both investment and consumption".
A ratio between 70 and 80 per cent is common among developed economies, similar to the proportion of economic output that is derived from domestic consumption - a figure mainland officials like the look of in the battle against fluctuating foreign demand given a population of 1.3 billion that offers huge room for growth through rebalancing.
Making the shift though is not easy, requiring a complete overhaul of the investment-led growth model that has been fuelled by more than a decade of rapacious external demand for cheap Chinese exports.
A rise in the value of the yuan against a wide swathe of currencies from countries that compete with mainland manufacturers as well as customers for the goods their production lines churn out makes the shift more painful.
The currency's gains shifts the balance between exports and imports, accelerates a drive towards domestic demand through the services sector from manufacturing and makes it harder to dump any excess capacity overseas.
"The country is experiencing pains brought by domestic economic restructuring," Sheng said.
But it has more to come, according to analysts Mark Williams and Wang Qinwei at London-based Capital Economics.
"The bad news is that China's economy shows no signs yet of weaning itself off its reliance on investment," they said in a research note. "We would be more confident if we could see that China's slowdown was being accompanied by a shift in the drivers of growth from investment to consumption."
According to them, contribution from consumption in the growth of GDP in the second quarter fell to 2.5 percentage points from 4.3 while the weight of investment rose to 5.9 percentage points from 2.3 to reach the highest since two years ago.
Growth in fixed-asset investment, the key barometer of such spending, eased to 20.1 per cent from 20.4 per cent in the first quarter.

domain: news


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Nissan Misses Profit Estimates on China, U.S. Sales
Feb. 8 (Bloomberg) -- Bloomberg's David Ingles reports that Nissan Motor Co. reported third-quarter profit that fell short of analysts’ estimates, after sales tumbled in China and new models trailed competitors in the U.S. He speaks on Bloomberg Television's "Countdown."
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18:18 - In today’s “QuickTake,” Bloomberg's Vonnie Quinn takes a look at the history of the pursuit of peace in the Middle East. She speaks on "Bloomberg Markets." (Source: Bloomberg)


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The first flat-panel televisions to bear the Motorola brand name should be available in the U.S. and Asian markets within the next few months, the Taiwanese company making the products said Tuesday at the Computex trade show in Taipei.
Moxell Technology plans to begin selling PDP (plasma display panel) televisions under the Motorola brand in China from this month and a range of LCD (liquid crystal display) televisions bearing the name in the U.S. market from August, said Wynn Yiu, executive vice president of the Taipei-based company.
Moxell, which has a multi-year license to use the Motorola brand name on a range of consumer electronics products, was showing DVD players and flat-panel televisions at Computex. Under the deal, Moxell designed the products with input from Motorola and is handling the manufacturing, Yiu said.
Motorola-brand monitors are already on sale in China, with PDP televisions next on the schedule, he said. LCD TVs will follow in July and digital CRT (cathode ray tube) televisions in August or September. LCD TVs will go on sale in the U.S. in August, followed by PDP TVs and rear-projection TVs based on Texas Instruments' DLP (digital light processing) technology. Sales in other Asian nations are scheduled to begin from July, Yiu said.
Moxell is showing LCD TVs at Computex in six screen sizes: 14-inch, 17-inch, 20-inch, 26-inch, 32-inch and 46-inch, and PDP TVs with 42-inch and 50-inch screens.
Also on display was a DVD player and a portable DVD player with built-in 7-inch screen.
The first generation of products were largely designed and developed by Moxell. However, the company is planning to tap Motorola's networking expertise for subsequent products, he said. Moxell's licensing deal is with Motorola's Broadband Communications Sector business, which is responsible for the company's digital set-top boxes and cable modems.
"We'll be working with Motorola to merge broadband into the products," Yiu said.


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Tesco Group to Open Business, Technology Services Centre in Budapest
MTI-Hungary Today 2019.03.12.
The Tesco Group will set up a business services and technology centre in Budapest creating 800 jobs, the minister of foreign affairs and trade announced on Monday.
The centre will employ young graduates speaking foreign languages in the areas of payroll, labour administration, customer support service and product administration, Péter Szijjártó told a press conference in Budapest.
“It testifies to the success of a shift in Hungary’s economic policy that an increasing number of foreign companies are bringing service centres to our country,” the minister said, noting the Budapest had won the project ahead of five contenders from within and outside of the EU.


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THERE are just 18 shopping days left until Christmas. If you're planning to use a credit card to finance your last-minute spree you need to know who's offering the best deals.
While it may be too late for many to get their cards this side of the festive season, any spending on less competitive cards can be transferred to new plastic once the bills start rolling in come the New Year.
Likewise, shoppers who have the January sales in their sights may want to apply for a cash-back card to squeeze even more value out of the bargains on offer.
Nationwide is currently paying 1.0 per cent cashback for six months, however much you spend, which is good for those who pay off their bills in full.
There are many interest-free deals. One of the best is One Visa from Halifax or Bank of Scotland offering zero per cent interest on balance transfers and new purchases for nine months. After that, its typical rate is 9.9 per cent - though the rate depends on your own credit rating and could be as high as 18.9 per cent.
If you're shopping abroad, Nationwide BS cards don't charge commission on foreign purchases, and there's a low 1.25 per cent fee for cash withdrawals, although this rises to 1.50 per cent on Thursday.
Malcolm Coles, editor, Which?, said: "If you are going to flash the plastic, it really does pay to shop around at this time of year, especially as it's so easy to switch credit cards.
"But don't forget to keep an eye on your bill in January, when you may have amassed a debt, and make sure you're still getting the best deal for your situation."
Sales staff are falling over themselves to push the benefits of store cards to Christmas shoppers but a survey by Which shows most shop workers are clueless about the terms covering the cards and the consequences of missed payments.
Richard Brown of Moneynet.co.uk recommends Sainsbury's Standard card with a zero per cent introductory rate on balance transfers and 5.94 per cent for the lifetime of transfers. There's also a 0.25 per cent cashback option on purchases. Lloyds TSB Advance also has a 12 month, zero per cent introductory rate.
"The typical UK household will spend around é500 this Christmas," says Brown.
"Assuming a monthly payment of a little over é80, a é500 Christmas debt could be cleared in six months, interest free if you shop around for a good introductory deal.
"Stay with a standard rate card on a typical APR of 18 per cent and you'd incur interest in the region of é45 over six months."
Moneysupermarket.com warns consumers to steer clear of credit card cheques.
Many leading card providers, including Barclaycard, Lloyds TSB and Halifax One, charge an APR in excess of 20 per cent on purchases made using a credit cheque.
In addition to the double-digit interest rate, most also levy a handling fee, typically 2.0 per cent of the transaction.
Another major disadvantage is that customers don't get the usual interest-free period of 56 days or so, and instead interest is charged immediately.
Stuart Glendinning of moneysupermarket.com said: "It's easy to see how tempting credit card cheques can be in the run up to Christmas. However, the perceived convenience of credit card cheques is totally outbalanced by the significant costs that can result."


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Driving financial news in the week ahead: Housing data, Federal Reserve Minutes, retail sales.
CPI numbers last week: July headline CPI came out lower than expected, at 8.7% against 8.9% expected, while headline was flat from June at 5.9% (against 6.1% expected). PPI was also a positive surprise, with production prices down month-over-month.
The prevailing narrative, which is also underpinning public market performance, is that inflation has peaked. However, it is still debatable how fast it will come down, and to what levels, with most analysts predicting a higher “new normal” inflation for the foreseeable future compared to the 2010s.
A sanguine market reaction. Investors – already eager for positive catalysts – appeared to be buoyed by the peaking inflation numbers. The S&P rallied strongly on Wednesday and Thursday last week, but uncertainty continues to lie ahead, especially as August is traditionally a low liquidity month.
Fed Minutes unlikely to show hints of potential monetary policy reversal…According to Bloomberg, “…Even Wednesday’s softer-than-expected July consumer price reading did little to alter bond traders’ expectations, in part as Fed leaders were quick to note that the CPI print didn’t change their view of the central bank’s path toward higher rates.”
And investors have been too quick to price a Fed pivot, according to Goldman Sachs:
“Markets recently moved sharply towards pricing easier Fed policy, fueled further by…US CPI report that showed core inflation finally slowing. But we think that it is too early for the market to be trading a full Fed pivot. While we expect disinflation ahead due to the recent fall in retail gasoline prices and improvements in some supply chain measures, we think the near-term inflation picture is likely to remain uncomfortably high. We…expect core goods and services prices to remain firm on a sequential basis, in part due to ongoing firmness in shelter inflation. We therefore think it will take until early next year for inflation to decline enough for the Fed to stop hiking.”
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Housing data and retail sales: Aside from Fed minutes, investors are likely to focus on housing data and retail sales next week. Mortgage rates have continued their gyration; after dropping at the end of July, mortgage rates moved higher, with increased volatility. The 30-year fixed-rate mortgage averaged 5.22% in the week ending August 11, up from 4.99% the week before, according to Freddie Mac. Building permits and housing starts for July will be released next Tuesday, after posting 1.7M and 1.56M respectively in June.
July retail sales will be released Wednesday, after rising 1% in June, beating the consensus estimate for 0.9%. This figure will be highly scrutinized to understand how the consumer is responding in an inflationary and rising rate environment.
Yieldstreet continues to offer private market investment opportunities while investor sentiment appears to be marginally improving, which may bring increased inflows into both public and private markets.
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Bad news for those who were planning on attending the wildly popular Rocky Mountain Cigar Festival this year–event organizers revealed today that the event has been cancelled due to COVID-19. While the event is cancelled, those who purchased a ticket will have the chance to purchase a ticket to a virtual event that will include 35 cigars, an event-branded cutter and access to special interviews hosted by Cigar Dojo
Smoker Friendly International, owners of the annual festival, released the following statement about the cancellation of Rocky Mountain Cigar Festival 2020:
“We are sad to announce that the 2020 Rocky Mountain Cigar Festival scheduled for August 29th at the Omni Interlocken in Broomfield, Colorado is cancelled due to restrictions related to the COVID-19 pandemic. All patrons that have already purchased a ticket for the RMCF will be issued a complete refund. Emails will be sent to ticketholders regarding the refund process.
“In lieu of the traditional festival we have all come to love, we will be offering a “Virtual Festival Cigar Package” that will include 35 great cigars and an RMCF cutter. Additionally, there will be deals offered on select cigars through Smoker Friendly International stores and Payless Cigars and Pipes. In partnership with Cigar Dojo, there will also be a “virtual show” on Aug. 29, 2020 featuring many of the industry personalities speaking about their companies and cigars. The cost of the package is $120 which includes shipping direct to customers within the US. Visit rmcigarfestival.com to purchase tickets using the “Get Your Tickets” link that will direct you to Eventbrite.
“Tickets for the Virtual Festival Cigar Package will be available first come, first served to attendees that already purchased a ticket to the 2020 RMCF with any remaining tickets going on sale to the public on June 29th. While we are disappointed we will not be able to hold the traditional RMCF this year, it became very apparent gatherings like the RMCF are not likely to resume in 2020, and more importantly we felt the safety and health of our consumers, vendor partners, and team members necessitated this change.
“We are very appreciative for the support of the RMCF from our customers and the cigar industry through the years, and we are very excited to be back better than ever in 2021!”
For more information, visit rmcigarfestival.com.


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San Jose’s Santana Row Completes Agreement With Car Charging Group for New EV Charging Stations
- Jan 13, 2014
The San Francisco Bay ended 2013 on an extremely high note for the local office market, offering great prospects for the area’s real estate market in 2014. To open the year, big green energy news emerged as Car Charging Group, Inc. announced a newly sealed agreement with Federal Realty Investment Trust to expand the availability of EV charging services at Santana Row. Car Charging Group operates at a national level and offers electric vehicle charging services to a wide variety of facilities.
The company is now set to expand the number of available electric car charging stations at the retail center in San Jose, the heart of the fast growing tech market of Silicon Valley. Santana Row is a 647,000-square foot mixed-use development project, one of the prime destinations for shopping and dining. The venue features 70 shops, 20 restaurants, a boutique hotel and a movie theatre. The mixed-use community of Santana Row also offers 615 luxury rental homes, and 65,000 square feet of Class A office space.
According to a recently issued press release, Car Charging Group will answer a growing demand for charging stations at Santana Row, and will continue to follow data it has been tracking since the initial stations installed at the project. Tracking its initial stations, Car Charging was able to determine that additional facilities would be in order at Santana Row. The new stations are located across from the first charging docks, on Level 1A of the Winchester parking garage.
The new chargers are provided by Level II EV charging stations, providing cars with 240 volts with 32 amps of power, that efficiently replenish an electric vehicle’s battery. Car Charging Group Inc. is based in Miami, and also operates out of offices in San Francisco, New York and Phoenix. The company is pushing for the wider adoption of public EV charging.


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In July of last year, Juin Rachele came out with a line of cosmetics for women with skin tones from blond to black.
In October of last year, Patricia French brought out the Gazelle International line of skincare products for what she calls ``women of color.`` Later this summer, Naomi Sims will introduce her own line.
``The ethnic skincare and cosmetics field is exploding,`` said Bob Chavez, merchandise administrator of cosmetics and fragrances at Macy`s, where the Gazelle line just made its New York debut. He said the store had already done sizable business with Fashion Fair and Flori Roberts, two long-established lines geared to the black woman.
While large cosmetics companies from Avon to Estee Lauder have added dark shades of makeup to their lines in recent years, this is the first time there has been a major effort to capture the upscale ethnic market since Revlon developed the short-lived Polished Ambers collection in the 1970s.
Patricia French is a 30-year-old native of Georgia who moved to Paris in 1979. During a visit to the Ivory Coast she became interested in the skincare problems of Africans there. She borrowed money from a friend to open a research laboratory in France to work on what she perceived as the problems of dark-skinned women: a tendency toward oiliness, dark spots, faded patches and ashiness.
After 4 1/2 years and an investment of more than $4 million, the Gazelle line was introduced at Galeries Lafayette in Paris in September and at Rich`s in Atlanta in October.
``Most beauty products for black women are focused on the mass market,``
she said. ``Cosmetics companies have felt that black people were mass-market shoppers and didn`t have money to spend. But black people are really very fashion-, style- and beauty-conscious. That`s why I decided to do a European prestige line.``
Gazelle International will be sold in stores as far south as Florida and Texas, as far west as California and as far afield as London and Geneva.
(French was in Chicago recently to promote the line at Marshall Field`s).
The products include moisturizers, an exfoliant, makeup remover, eye gel and body lotion, from about $15 to $42. Ten shades of foundation will be added this fall.
Juin Rachele is a complete makeup line that includes 19 shades of foundation in mousse and liquid form, plus blushers, eye shadows, lipsticks and nail polishes as well as treatment products for oily, dry and combination skin.
``We`ve done certain things to respond to the needs of a wide range of people up to the darkest skins,`` Rachele explained in a telephone interview from her headquarters in Houston. ``We thought it outdated and unnecessary that cosmetics be sold racially. Nothing else is. Our research showed that the cosmopolitan woman was not as interested in where things came from as in the overall image and quality of the product.``
Rachele, who was born in Jamaica, founded the company in 1984 with her husband, Pat Cooper. The line is sold in such stores as Field`s, Saks Fifth Avenue, Bullock`s, Nordstrom and Woodward & Lothrop. Prices are $7.50 to $30. The latest of the current crop of women entrepreneurs to enter the beauty field is Naomi Sims, whose upcoming skin treatment line is to be followed by makeup and eventually hair-care products. Her career as a popular fashion model in the 1960s and early `70s, her five books on beauty and health, her wig collection and the perfume she introduced in 1981 have given her a high recognition factor among black women.
Included in her line, priced from $10, are cleansing, moisturizing and conditioning products. It will be introduced at such stores as Abraham & Straus, Woodward & Lothrop, Strawbridge & Clothier and the May Co.
``There`s a tremendous need for skincare products today because of the stresses of the environment in addition to women`s monthly changes,`` Sims said. ``Black skin is especially sensitive. It needs gentle but effective products.`` --


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MELAKA: Scams that prey on desperate people, especially the unemployed, by forcing them to apply for non-existent loans are on the increase, according to Melaka police.
State Acting Chief Superintendent of Commercial Crime E. Sundra Rajan said fraud cases related to loan applications have increased since the implementation of the Movement Control Order (MCO) in March.
“Desperate people who want financial help end up losing more money when they apply for such loans.
“The unions operating such scams would claim that they have the approvals of the competent authorities to provide the loans,” he said in an interview on Monday (November 9th).
Superintendent Sundra Rajan said those who applied for the loans were asked to pay a processing fee.
“Once the fees are paid, the fraudsters would demand more payment claiming that the names of the candidates have been blacklisted by the financial institutions, and that they must first be authorized,” he said.
Superintendent Sundra Rajan said cybercrime such as cheating involving online shopping for gadgets has also seen an upward trend during the MCO.
He said losses of RM24.3 million have been recorded in 896 cases for various commercial crime offenses in the nine months since January this year.
This was an increase of 223 cases from last year, when there were 673 cases with losses amounting to RM 19.2 million during the same period.
Fraud involving online shopping totaled 158 cases for the first nine months of the year with losses of RM 10.8 million, Superintendent Sundra Rajan added.


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DocuSign (DOCU) shares fell nearly 42% on December 3, and reached a 52-week low at $131.51 The company’s market dominance and consistent product- and service solutions can help the stock recover. Let’s see what happens. Cloud-based software provider DocuSign, Inc., (NASDAQ: DOCU), is best known for its Agreement Cloud and DocuSign eSignature solutions. The company, which is based in San Francisco, saw a huge demand for its solutions during the COVID-19 pandemic and the increased remote working culture. The stock’s price has fallen 52.3% over the past month, closing Friday’s trading session with $135.09 after falling to $131.51, its 52-week lowest point.
DOCU’s fiscal third quarter revenue, which ended October 31, 2021 at $545.46m, saw an increase of 42.4% year over year. Its net loss was $5.68 million, compared with $58.49 millions in the previous year. Its billings were $565.20million, an increase of 28% year-overyear. The stock fell 42% on Friday. This was its largest ever decline. It is now worried about slowing demand for electronic signatures as businesses return to work.
The company’s revenue guidance and billings were not in line with expectations. Wall Street was disappointed with the company’s fourth-quarter revenue projection of $557 million to $563 million. Numerous analysts have downgraded DOCU’s ratings. Additionally, the stock’s popularity has dropped among hedge funds. The near-term prospects of DOCU are uncertain.


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Kochi: The Kochi1 Card, the prepaid smart card rolled out by the Kochi Metro Rail Ltd (KMRL) with the help of the Axis Bank, on Saturday became the country's first inter-modal transit card when its usage was extended to private buses.
The RuPay prepaid card will facilitate a host of additional ser-vices including parking solutions in near future, helping to make the commercial capital shift towards a cashless economy.
"We aim to add a series of additional se-rvices one can avail using the Kochi1card, including parking so-lutions for which we're already in talks with the planner of the Cochin Smart Mission Ltd (CSML)," said Sanjeev Moghe, Executive Vice Presid-ent & Head (Cards & Payments), Axis Bank.
The prepaid cards can already be used to pay for parking facilities at metro stations at 10 per cent discount.
"We aim to extend the card to autorickshaws, ferries including that of the State Water Transport Department and the proposed Water Metro, and also in KSRTC buses so as to make it a Common Mobility Card in all respects," he said.
With extension of open-loop EMV-based prepaid card to private buses, Kochi has join-ed global cities like London, Singapore, Hongkong and Sydney to boost such a facility, the official noted....


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Although the Bitcoin network is well known for its generally low transaction fees, the cost-per-transaction has increased by.
From VPNs, stealth addresses, Bitcoin Mixers to Tor Browser, privacy-oriented solutions for crypto transactions are advancing.
Bitcoin IRA, the world’s first, largest and most secure digital asset IRA technology platform that allows clients to purchase.
11 May 2016.
Bitgo implementation of abstract-bitcoin-wallet.
Bitcoin Forks Spread Confusion As Price Stabilises A detailed explanation of how bitcoin futures contracts are priced theoretically and in reality Bitcoin futures contracts were launched in December of last year, and have already gained traction in the market. Many market participants, who cannot hold spot positions
4 Jul 2017.
Bitgo initially started out as an online wallet service for Bitcoin.
there is an option to add even more security to the web wallet in the form of.
30 Jan 2015.
Earlier today, Palo Alto based Bitcoin security service provider BitGo.
BitGo Enterprise web wallet, is in fact built over the new Platform API.
I caught bitcoin air a few years ago, and I never thought it would turn into solid cryptographic money. Now, it’s turning.
Leer hoe je een wallet aanmaakt op je computer, smartphone, online of offline.
Bitcoin kopen en verkopen kan het makkelijkst bij een online wisselkantoor zoals BTCdirect, Bitonic of Anycoin.
Voorbeelden zijn Armory, BitGo en Electrum.
What is a bitcoin wallet and how do you create one? What Is a Bitcoin Wallet? A Bitcoin wallet is just a bitcoin address and its corresponding private key. That is, the identifier on the Bitcoin.


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Surrey-based removals business Bishop’s Move has been sold to UK trade buyer AGM Group in a pre-pack deal. Accountancy firm Menzies LLP, led by corporate finance director Kevin Paget and corporate restructuring partner Simon Underwood, were engaged by Bishop’s Move to project manage the sale of the business for an undisclosed sum. Bishop’s Move said that despite the Covid-19 pandemic and the decimated removals market, several parties were interested in acquiring the family-owned business which was established in 1854. Joint […]
Delivery firm DX is continuing to expand its network with the opening of two new depots in Westbury and Oxford.
Fourloughed workers should be encouraged to take up training opportunities, according to the British International Freight Association (BIFA).
AKW Group saw its annual pre-tax profit climb by more than 60%, despite a £600,000 write off, after it delivered better-than-expected sales at its transport, warehousing and contract packaging businesses.


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The rally in the stock market, which looked shaky at the beginning of the week, ended on Thursday and continued to rise on Friday. Leading stocks have already given buy signals. Treasury yields fell a few basis points after rising in the past few weeks. Strong income from Taiwan semiconductor (TSM), Delta Air Lines (DAL) and UnitedHealth (UNH) also contributed to the growth. Jp morgan chase (JPM) and other banking giants also beat profit forecasts. Tesla (TSLA) Sales in China surged in September as the electric vehicle giant introduced the FSD Beta to more drivers.
Stock Market Rally Confirmed
Major indices rose on Thursday, confirming a new rally attempt. The Dow, S&P 500 and Nasdaq continued their gains on Friday, ending the week above their 50-day lines. Leading stocks have already been giving buy signals for several days. The yield on 10-year Treasury bonds fell, but declined on Friday. Crude oil prices rose to long-term highs and copper futures rose.
Economy, inflation is heating up
The consumer price index rose by 0.4% in September, exceeding the expected growth by 0.3%. The rise in food and energy prices pushed the annual CPI inflation rate to 5.4%, which is in line with a 13-year high. The core consumer price index rose by only 0.2% at an annual level of 4%. Core inflation has been contained by lower air fares and used car and truck prices, which may change in the coming months. Meanwhile, rent inflation continues to pick up steam and this could be critical. The number of new claims for unemployment benefits fell 36,000 to a low of 293,000 in the period prior to October 9th. Retail sales also beat expectations, increasing 0.7% in September and 0.8% excluding cars. In addition, the August data were slightly upwardly revised.
The minutes of the September 21-22 meeting of the Federal Reserve System released Wednesday showed that the decline in asset purchases could begin in mid-November or mid-December. Taking into account the planned $ 15 billion per month, purchases will end in mid-June or mid-July.
5 shares near points of purchase; What to do after a big market week
Tesla sales growth in China
The China Passenger Car Association reported strong sales of electric vehicles in China on Tuesday. Tesla (TSLA) reports strong growth in local sales. Tesla’s wholesale sales totaled 56,006 units. This includes 52,153 local retail sales and 3,853 export vehicles. 33,033 Chinese-made Model Y crossovers were sold in the local market. Tesla China’s quarterly sales, including exports, were 133,218 units in the third quarter, up 44% from the second quarter. According to CPCA, passenger car sales in China totaled 1.6 million vehicles in September, down 17% from last year. Meanwhile, the Tesla FSD Beta has been introduced to at least 1,000 FSD owners. Tesla shares are up sharply.
Bank Income: Most Popular Views
The largest US banks beat Wall Street analysts’ forecasts in the third quarter, mainly due to investment bank fees amid an increase in the number of completed M&A deals and high IPO activity. Bank of America (BAC) profit jumped 67% and revenues jumped 11%. Wells Fargo (WFC) said earnings per share jumped 119% on falling revenues. Earnings per share of $ 1.17 per share was more than double its previous year’s figure, when the company had an unusual expense. Revenue fell 2.4% to $ 18.83 billion. Morgan Stanley (MS) and Goldman Sachs (GS) played comfortably. BofA shares jumped, while Morgan Stanley and Goldman also performed well. Wells changed little, while JPMorgan backed down.
Half profit in Taiwan is better
The world’s largest chip maker exceeded third-quarter expectations. Taiwan semiconductor manufacturing (TSM) earnings rose 17% to $ 1.08 a share, while sales rose 23% to $ 14.88 billion. Taiwan Semi predicts fourth-quarter sales of $ 15.55 billion, up 20% above the average forecast, slightly above consensus. Despite the positive results in the third quarter, Taiwan Semi noted a slight decrease in demand for smartphones and PCs in the fourth quarter. Taiwan Semi also discussed a planned plant in Japan, adding to its large expansion. TSM shares rose, while chip equipment makers rose.
Lead the Market to the IBD ETF Market Strategy
Domino’s Fall computers
Domino’s pizza (DPZ) said third-quarter earnings per share rose 30%, beating expectations. But revenue grew by only 3%, and the pizza delivery chain reported unexpected sales declines at the same stores in the United States. The decline in compensation reflects a labor shortage, and possibly a recovery in gains from the pandemic era. The tax cut supported earnings per share. Domino’s fell to a four-month low.
Delta warns of costs
Delta Air Lines (DAL) said the rise in fuel prices led to “modest” losses in the fourth quarter. But he remained optimistic on holiday demand and posted better-than-expected third-quarter earnings. Meanwhile, american airlines (AAL) offered a slightly more optimistic third-quarter sales outlook, and Southwest Airlines (LUV) was trying to recover from a wave of flight cancellations. Delta shares fell in a week, even as many non-aviation travel companies were higher.
UnitedHealth increases profits dramatically
UnitedHealth cut its Wall Street earnings forecast as earnings per share jumped 29% to $ 4.52. Revenue rose 11% to $ 72.34 billion as Dow Jones posted double-digit gains for UnitedHealthcare and Optum’s healthcare business. The report eased concerns about the impact of the summer Covid surge on medical spending. UNH shares jumped on the back of earnings, briefly hitting a record high.
Crispr Study is disappointing
Crispr Therapeutics (CRSP) closed Wednesday after it said its genetically-edited cancer drug caused a response in 58% of lymphoma patients. In the same study, 38% of patients had a complete response, meaning there were no signs of cancer. But only 21% of patients were still fully responding to treatment after six months. This was lower than in patients treated with the competing drug Allogena. Allogen (ALLO) rallied on Wednesday and continued to rally on Thursday alongside CRSP and related stocks. But the Allogene program has been suspended for security reasons.
InMode (INMD) rallied on Tuesday and in the week following non-invasive beauty treatments, the company released preliminary 3Q earnings per share and sales data that exceeded consensus. InMode has also raised its annual forecast.
Avantor Shares (AVTR) tumbled on Tuesday after the medical technology giant tentatively announced third-quarter sales of $ 1.83 billion, in line with expectations.
HubSpot (HUBS) rolled out a cross-enterprise payment system, marking a further step towards e-commerce for the digital marketing software maker. HubSpot partnered with private fintech company Stripe. HUBS shares rose sharply.
SAP (SAP) previously reported higher-than-expected profit for the third quarter, while revenue rose 5% to € 6.84 billion ($ 7.89 billion). The Germany-based software giant raised its full-year forecast.
Apple (AAPL) may cut iPhone 13 production by as much as 10 million units by 2021 due to chip shortages, Bloomberg reports.
Charles Schwab (SCHW) increased its earnings per share 65% to 84 cents on an 87% rise in revenue to $ 4.57 billion, a record high.
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CORONAVIRUS vaccinations taking place in the community are giving people confidence to start booking foreign holidays again.
A popular independent travel agent has seen increased bookings for foreign holidays now that Covid-19 jabs are taking place.
Claire Milby, who co-owns Travel The Globe which has offices in Barrow and Ulverston, is full of praise for all those who have made the vaccine roll-out possible.
Claire said: “I think we all need to recognise the work which has gone on to get the vaccine roll-out to this stage. Surgeries in Barrow and Ulverston have been doing amazingly well to get so many people vaccinated so quickly. It is making a real difference to everyone’s confidence.
“Obviously there is still a long way to go. And it’s important that people continue to comply with lockdown rules given the situation we are going through right now.
“But in the last few days we have seen that confidence starting to come back and people have been contacting us wanting to book a foreign holiday again, and that’s down to the vaccine.”
Customers this week have been booking a range of foreign holidays with Travel The Globe. Destinations and times of year which are proving popular include Croatia in June, Tenerife in October, New York in December, and cruises for 2022.
“A lot of people are saying they really want to have that holiday to look forward to,” said Claire.
“They know that if they book with a local independent travel agent they have that peace of mind that they can always speak to us easily whatever the circumstances, they are not having to wait on the phone for ages.
“They also know that if they do need to postpone their holiday that they only have to pick up the phone to us. We have had people book with us this week who said they have come to us because when they needed to cancel at the beginning of the pandemic it was so easy to deal with us.”
Claire said Travel The Globe is also able to keep its customers up to date with the latest advice for the countries which clients are travelling to.
Anyone wishing to contact Travel The Globe is invited to phone 01229 839502/584472, visit the company’s Facebook page or e-mail firstname.lastname@example.org


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Meachers Global Logistics has made its biggest investment in LGVs this year, after it splashed out £1.25m on 16 new Mercedes-Benz tractors. The modernisation programme will see the company taking delivery of the Mercedes Actros trucks in the months leading up to Christmas. They will operate out of Meachers’ headquarters in Nursling, Southampton and also its Derby depot, undertaking general haulage work throughout the UK. The company said the vehicles were chosen for their economical and environmental performance, as well […]
Thermo King is partnering with Mercedes-Benz AG to create a fully electric, refrigerated Mercedes-Benz eSprinter van for final mile delivery of pharmaceuticals and medicines.
Mercedes-Benz has confirmed it is working on an 8×4 Euro-6 version of its low entry Econic cab, which that would be suitable for some urban construction applications where the improved visibility of vulnerable road users such as cyclists is an issue.
Amazon is to add more than 1,800 electric Mercedes-Benz vans to its European fleet with around 800 destined for the UK.


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Yemen's Sanaa under economic siege
SANAA - Since re-capturing Aden from Houthi militias last month, the Saudi-led coalition and anti-Houthi forces have used the southern port city as a base from which to push north and regain prized territory.
Arms and troops have all filtered into the area in recent weeks in an attempt to more permanently reverse the Houthi tide. But another, perhaps less immediately apparent war, has been going on in tandem with the military campaigns.
By first blockading Yemen, and now exclusively using Aden as its only entry-point into the country, the Saudi-led coalition and the government hope to lay economic siege to the Houthis in the north.
On Sunday, the Yemeni government, which has been based in Riyadh since earlier this year, directed all the supply, trade and relief ships to anchor in the port of Aden.
The move, according to commentators, is designed to starve the capital Sanaa and other provinces that remain under Houthi control of vital supplies. It also threatens to further limit access to much-needed humanitarian aid.
The move was greeted with huge alarm in Sanaa.
“The Yemeni government want to impose an economic siege on Houthis, because [they believe that] the economic siege - in these conditions - is more dangerous than war,” Ahmed Saeed Shammkh, an economic expert, who works for the Central Bank of Yemen, told Middle East Eye.
According to Shammkh, the Yemeni government, which operated the ports, has stopped working in all ports apart from Aden. This means that only private traders will use the country’s other ports, such as al-Hodeida, some 300km north of Aden.
Hussien Buokhaiti, a Houthi activist, told MEE: "Yemenis need the humanitarian aid because Saudi Arabia imposed an economic siege on Yemen [in April]. It controls everything that comes to Yemen. If there was no siege, we will not need the humanitarian aid from anyone."
If the blockade was lifted, Boukhaiti stressed that the traders would be able to use the port city of Hudaida, which also lies some 100km west of Sanna, to import oil derivatives and basic goods and more or less bring in everything that Yemenis need.
There have been conflicting reports about when the last ships were able to reach Hodeida. Some claim it was earlier this week, while others say no new boats ferrying supplies have come since last week. But getting the supplies in by road is not an option.
"The road between Sanaa and Aden is not safe yet, so it is difficult for the humanitarian aid to come to Sanaa from Aden," Boukhaiti said.
Not only have relief ships been re-routed to Aden, but the self-exiled Yemeni government has changed the movement of civil aviation to the Aden airport, liberated along with the city. If this arrangement lasts, all passengers will fly into Aden instead of Sanaa, further reinforcing the siege.
Nadia al-Sakkaf, the head of the high relief committee, said on twitter that the government has changed the movement of the civil aviation from Sanaa to Aden because Houthis said that they will seize any plane that lands at the Sanaa airport.
Traders looking for dollars
"The decision to change the movement of the ships and planes to Aden has made businessmen and traders in Sanaa fear of the future, so most of them tried to exchange their Yemeni currency to dollars and this rose the price of the dollar from YR224 to more than YR240 [on Tuesday]," according to Shammahk.
The Central Bank of Yemen has directed all Yemeni banks and exchange companies to stop selling dollars to residents for the past four months.
"Nowadays the black market is working better than the banks as you can buy dollars from the black market even if it is very expensive, but it is better than nothing," Shammkh added.
Houthis on Wednesday began trying to prevent the small exchange shops in Sanaa from selling dollars to people, but they could not enforce the ban and small exchanges began operating in secret.
The decision followed attempts last week in Houthi-controlled areas to allow traders to import oil derivatives – contracts derived off energy reserves - as a solution. However, traders haven't been able to buy dollars from the banks to trade with, making the effort problematic.
This has created an additional problem for the national economy, creating a decline in trade as the traders can't buy dollars to import goods and fuel.
"The traders were forced to go to the black market and buy dollars from the residents in order to be able to import goods from abroad as the Central Bank of Yemen cannot provide them with dollars, and this is another reason that has helped to inflate the exchange rate against the dollar," Shammahk said, while urging the two sides to come to a political solution soon that would also end the economic dispute.
The devaluation of the Yemeni currency will make it even more expensive to import supplies.
Oil stations closed in Sanaa
The knock-on effects of the blockade and currency crisis have already become painfully apparent. On Tuesday, all the petrol stations in Sanaa stopped selling to the public, opening the door to the black market.
While the price of a 20-liter can of petrol used to cost YR3000 ($14) in the oil stations, it now costs YR14000 ($65) on the black market.
Salem Mohammed, 31, a seller of petrol in the black market in Khawlan Street, used to work in construction, but he lost his job when the war started.
He said that he doesn't even have his own car but couldn't find another job and was forced to sell petrol.
"I buy the petrol from the people who have stock, and then I come and stand in the street to sell it to the citizens nowadays. I buy the 20-liter bottle at YR10,000 ($46) and sell it at YR14000 ($65),” he told MEE.
He stated that usually he sells two bottles a day, and this is enough for him to meet the needs of his family.
As a community that typically has a stock of fuel in their homes for cooking and other needs, lack of access to fuel has been a shock for many Yemenis. With so many now acutely aware of price hikes, the decision to limit aid delivery and other services to Aden, has quickly caused widespread panic.
When the news broke, people frantically rushed out to buy whatever goods they could. Traders, sensing people’s desperation, in turn raised their prices.
Abdulhameed al-Sharabi, a resident says that they all “got greedy” and tried to make a profit from families just trying to get enough to survive.
“The people should be mindful of the state of affairs in Yemen and store basic goods,” Sharabi told MEE.
“But the Houthis should be monitoring the situation to prevent traders from exploiting the residents.”
With so few goods being able to get into the capital and the currency and economy in disarray,traders themselves are growing concerned, even desperate.
“Traders have to buy the goods in US dollars, and all of us know that [the] dollar [is] rising these days,”said Shammakh. “So the problem is not with the traders, it’s with the national economy.”
With food prices expected to rise, unemployment growing and widespread shortages, the north of the country should brace itself for a few very difficult months ahead, he explained.


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INVESTMENT EXTRA: Fishing shop Angling Direct may defy the high street gloom
With major casualties including Mothercare, House of Fraser and Carpetright, investors have backed away from retail stocks.
Stalwart Marks & Spencer has seen 10pc shaved off the value of its shares in the last year, while Mothercare has slumped by 72pc and Debenhams by around 66pc. Ian Forrest, an analyst at broker The Share Centre, said: ‘Costs are nearly all rising, and investors need to look at margins and what the impact of those rises is.’
Carl Jackson, of advisory firm Quantuma, which recently helped women’s clothing retailer Select Fashion avoid collapse, said: ‘The consumer these days is slightly more wary about going out and buying clothes or spending at restaurants. Online shopping is a big thing – any retailer that hasn’t developed online shopping is living in the dark ages.’
But for anyone willing to shop around, there are high street stocks that could make investors a pretty penny. Though it may not be familiar to many seasoned shopaholics, fishing tackle firm Angling Direct is expanding and believes in keeping its physical stores.
Chief executive Darren Bailey said: ‘A high street presence is very important for a specialist brand like Angling Direct, because it is all about creating a meaningful and memorable in-store experience that drives the modern shopper to buy more and return as a loyal customer.’
The business has hired keen anglers as staff in the hope that customers will pop in for advice and leave with a few products.
Other more well known fishing retailers just haven’t been quick enough at adapting to changing shopping patterns, according to Bailey. He said: ‘Many of what I call the “legacy retailers” that have imploded, over the last two years especially, have had all the signals to make a change. As a retailer, if you ignore those signals, the modern savvy shopper will ignore you.’
For Angling Direct, faith in the High Street seems to be paying off. It increased in-store and online sales last year, opened three new stores and its share price has risen from 67p when it floated last July to 96p now.
Mainstream stores are worth attention too. Mark Swain, manager of the Smith & Williamson Enterprise Fund, said JD Sports was benefiting from the growing ‘athleisure’ trend, adding that its international expansion provides protection from Brexit-related uncertainties.
Superdry, which received praise from investors when it revealed results earlier this week, was another name on Swain’s list. He said the business was ‘well run’ and manages to make its products stand out a little from the crowd.
Meanwhile, others are embracing the retail troubles as a catalyst for shaking up the High Street. Simon Cope-Thompson, at advisory firm Livingstone, said: ‘Retailers and brands will need to look to new technologies to help drive valuable efficiencies and, more importantly, improve the overall customer experience.’
US-listed Gap has been experimenting with augmented reality, he said, while Tesco is trialling an app that allows customers to scan and pay using their smartphones.
But the old names could be back on the cards if local authorities and landlords listen to the growing outcry. Jackson said: ‘Business rates have got to be politically addressed. I think there will be a re-adjustment. Once that has happened, retail and high street restaurants will become attractive to an investor again.’
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There’s a new feature on the Facebook app which helps its users find free WIFI anywhere in the world.
Facebook originally began testing the new software on only Apple devises in certain countries but has since rolled out the software on iOS and Android worldwide.
All users have to do is click on the ‘more’ tab then select ‘find WIFI’ the app will then give you locations in your area where free WIFI is available, though in order for businesses offering free WIFI to appear on the app they need to opt into the new service.
This announcement comes in the wake of Facebook stating that it now has over 2 billion users on its platform which is just over one quarter of the world’s population.
Facebook is also attempting to boost connectivity even further by using solar powered drones in developing countries to help people get online.
One of Facebook’s drones named Aguila completed its second test flight, successfully flying over Arizona for one hour and 46 minutes.
With the new find WIFI feature it should become easier to stay connected all the time is this a good thing or a bad thing?
Source : Nation
Content : LovePattayaThailand


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There’s a lot of fuss about United States Postal Service profitability (or lack thereof) these days. Ideas to streamline the USPS include closing post offices in rural locations, eliminating Saturday mail delivery and other cutbacks.
But cuts aren’t the only way to bridge the budget gap at the USPS. To create more revenue, U.S. postage rates are about to go up — again!
Starting Jan. 22, the price of a first-class stamp will go up a penny, from 44 cents to 45 cents. Postcard stamps will jump more than 10%, from 29 cents to 32 cents.
I’ll concede that it’s impressive what the USPS does for such a tiny price tag. For 45 cents, you can mail pictures of your grandkids or a birthday check from Florida to Alaska with the near certainty the letter will arrive in just a few days. But let’s be realistic — those pictures are now emailed and those checks are now taken care of with online banking.
The reality is that regular Americans rely on the post office far less than they used to. The bulk of mail in America is related to business and marketing — meaning this change in mailing prices is going to impact companies much more than individuals.
There are a host of businesses that will be affected by these post office service changes if they happen — for instance, here’s a list of the businesses that would be hit hardest by a USPS overhaul. But when you consider the fact that service changes are just part of the equation, things look even worse.
Here are three more companies that are going to be particularly hard-hit by the stamp price increase at the USPS.
Netflix (NASDAQ:NFLX) has not had a great year. First, we learned that 1 million Netflix customers defected because of price increases. Then, Netflix CEO Reed Hastings stumbled through an apology but refused to alter his decision — and revealed it would force users to deal with two separate sites instead of one. Finally, NFLX left the rate hike but killed plans to spin off Netflix DVD operations to a separate website. Things are going to be worse in 2012, however, with a first-class mail hike. Hastings said last year that Netflix spent as much as $600 million on DVD postage — nearly 2% of all first-class mail revenue that year!
Stamps.com (NASDAQ:STMP) doesn’t charge any more than the USPS for first-class stamps — it simply charges users for its services, including the convenience of printing stamps on your computer and even customizing your postage with your own images. There is a chance that companies who rely heavily on bulk mailings through Stamps.com will see yet another reason to stop monkeying around with the post office and embrace digital alternatives.
American Greetings (NYSE:AM) has seen a slow and steady decline in revenue as paper greeting cards are becoming less common amid email and Facebook. The prospect of a stamp price hike could mean even more headwinds for a company that has struggled to convince consumers that physical birthday, Valentine’s Day and graduation cards still are worth mailing to loved ones.
Jeff Reeves is the editor of InvestorPlace.com. Write him at firstname.lastname@example.org, follow him on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook. As of this writing, he did not own a position in any of the aforementioned stocks.


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In context: While some were disappointed by the VRAM capacity of Nvidia's latest RTX 30-series GPUs, particularly the 3080 and 3070, all hope was not lost. Leaks suggested the hardware maker would be planning to release higher-capacity models, such as a 20GB 3080, to satisfy those with greater VRAM needs.
Unfortunately, if you're one of those people, we might have some bad news for you today. According to a new report by Videocardz, Nvidia is sending out memos to its board partners, informing them that it will not be producing RTX 3080 20GB or RTX 3070 16GB cards as initially planned.
Assuming these rumors are true, it's unclear why Nvidia has made this decision. More VRAM across Nvidia's line-up could have helped it gain an extra edge against AMD's upcoming products and more choice is always good for consumers -- even within the same brand.
Nvidia's rumored RTX 3070 Ti, which would have had 16GB of RAM and 6144 CUDA cores, has also allegedly been canceled. It remains to be seen whether or not Nvidia will change its mind after seeing what AMD is cooking up, but it's probably not very likely.
This news might come as a disappointment to some of our readers, but it's worth pointing out that these cards' very existence was never confirmed in the first place, so nothing was really lost in the end.


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Govt To Replace All Commercial Cars With Electric Vehicles By 2020; Hero Launches INR 20k Electric Scooter Which Doesn’t Need License To Drive
Ministry of Road, Transport, and Highways in India is all set to unleash a major drive towards electrification of commercial transportation in the country. As per latest indications coming from Minister Nitin Gadkari, who heads this Ministry, Govt. is considering to replace every type of commercial vehicle in India by electric vehicles.
As per a high-level proposal created by the Ministry of Transport, around 50 lakh electric vehicles would be introduced on Indian roads by 2020, thereby completely transforming the transportation and energy landscape of India.
It seems ample homework has been done in this regard, as the proposal not only includes replacing fuel based vehicles by electric vehicles but also takes into consideration the most important aspect of making the project successful: Charging Points.
Thousand of Charging Points Would Be Created On Highways
As per the proposal drafted by the Ministry, thousands of charging points would be created on the major highways, so that electric vehicles can become feasible in the coming years.
As part of the pilot project, around 1200 charging points would be installed on highways passing from Nagpur in Maharashtra. Out of these, 200 would be fast charging points wherein vehicles can be charged within 60 minutes, while the 1000 slower charging points would take 5-6 hours to charge an electric vehicle.
Interestingly, these charging points would be created in a PPP model (Public-Private Partnership), and most probably Ola has already been selected for this initiative. As per a report, Ola gave a detailed presentation to Niti Ayog regarding their plans for creating such charging points near Nagpur.
As per notifications by the Ministry, the introduction of 50 lakh electric vehicles on Indian roads will lead to a saving of 9500 million tons of fossil fuel and reduce the emission of greenhouse gasses by up to 2 lakh million tons.
Hero Launches Electric Bike Which Doesn’t Need License To Drive
Meanwhile, in yet another push towards electrification of road transport, Hero Motors have launched an economical electric scooter costing Rs 19,990. Named as ‘Flash’, this electric scooter doesn’t need a driving license to drive, as it has less than 250-watt power. Powered by a 48 volt 20 Ah VRLA battery, Flash can run 65 km in a single charge.
Weighing just 87 kgs, Hero has positioned Flash for teenage drivers, women, and senior citizens, who needed a compact, lightweight urban electric vehicle for covering short distances.
Some of the features of this electric scooter include:
- Magnesium alloy wheels
- Telescopic front forks
- Full body crash guard
- Under-seat storage arrangement
Note here, that under Motor Vehicles Act, electric bikes which have power less than 250 watts and speed less than 25 kmph doesn’t need a driving license or registration for driving on road.


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Area man Albert Plett, 51, smashed the record at his local McDonald’s restaurant this week by becoming the first person ever to make it through five McNuggets and a handful of fries without having to stand up for a while and do a few stretches.
“No one’s ever sat comfortably in our furniture for more than 90 seconds before,” said store manager Sarah Sawatzky. “We spent a million dollars on new furniture last year to guarantee customer discomfort. Looks like it’s back to the drawing board.”
Plett says his technique was to shift from side to side between bites.
“I’ve also been working on my breathing technique,” said Plett. “You’ve really got to concentrate if you want to survive for more than a minute or two in these chairs.”
Rumours have it the new stiff wooden furniture was specifically designed to prevent Mennonite men from sitting around all day drinking coffee.
“Nice try. You’re going to have to do better than that,” said Plett. “We’ve got years of experience sitting in church pews.”
The local McDonald’s said they’re also considering playing secular music to get the Mennonite men to move on.


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RCI Names New Executive Director
June 25, 2013
Springfield, MO — Retail Confectioners International (RCI) has hired Angie Burlison as its executive director after the former RCI head, Kelly Brinkmann, announced her departure in April.
Prior to joining RCI, Burilson worked as marketing communications manager for Tuthill Corp. and has 10 years of experience working in event planning and trade show management.
<< Candy & Snack TODAY Home


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Apple has reportedly purchased Passif Semiconductor, which makes low-power wireless communications chips.
Former Wall Street Journal tech reporter Jessica Lessin, who first reported the deal, cited sources briefed on the purchase, and added that Passif's technology could be used for health-monitoring and wearable fitness devices that need extra-long-lasting batteries.
Further details have not been revealed, though the report pointed to the deal taking place in "recent months." Apple did not immediately respond to PCMag's request for comment, but a company spokeswoman told Lessin that "Apple buys small technology companies from time to time."
Passif, founded by then-University of California, Berkeley PhD students Ben Cook and Axel Berny, creates technology which includes a radio that runs on a low-energy version of Bluetooth, dubbed Bluetooth Smart. The system lets users, for example, pair an Android phone or tablet with a low-power device like the Fitbit One or Jawbone UP.
The tech could be useful for Cupertino to power its rumored iWatch device, or perhaps for a slimmer version of the iPhone or iPad.
"It's an area that we're really focused on," he said at the All Things D conference (D11) in late March. Since the company's struggling Maps product was revealed last fall, Cupertino admitted it "fell short" of its commitment to making world-class merchandise; Cook even publically apologized for the snafu.
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Saputo Inc. saw earnings fall in its most recent quarter, missing analyst expectations, as the COVID-19 pandemic caused a shift in consumer demand late in the fourth quarter.
The Montreal-based dairy processor says net earnings for the three-months ended March 31 totalled $88.7 million, compared with $124.2 million for the same time the previous year.
Adjusted net earnings excluding one-time items were $98.8 million, down from $125.8 million in the fourth quarter of 2019.
It noted the pandemic did not affect revenues significantly, but that it saw consumer demand shift globally for its products in the last two weeks of the fiscal year. Revenue increased almost 15% to $3.72 billion from $3.24 billion.
It saw an increase in retail demand, while orders from food service and industrial customers started to fall.
“We expect sustained retail sales in all of our geographies, but we cannot predict how long or how significant the increased demand levels will remain,” said Lino Saputo.
Analysts expected adjusted net income of $136.4 million on $3.5 billion of revenues, according to financial markets data firm Refinitiv.
For the full-year it earned $582.8 million on $14.94 billion in revenues, compared with $755.3 million on $13.5 billion in 2019. Adjusted profits equalled $723.6 million, up from $655.1 million a year earlier.


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NewsTECHForum | News Storytelling A Whole New Ballgame
NEW YORK — In September, NBCU launched its digital news brand LX, as part of the company’s efforts to lure in millennial and Gen Z viewers. It was a step into deeper tech waters for NBCU, signaling a mindfulness of what the future of broadcasting will probably look like. But the past few months of producing content for the platform has proven that many tried-and-true tactics must continue to be used.
“I think we definitely lean on our pictures to really help drive the story,” said Matt Goldberg, VP of content for NBCU LX, during a panel discussion at TVNewsCheck’s NewsTECHForum on Tuesday. Describing the approach to their aesthetics as “cinematic,” Goldberg said the platform’s producers place “a premium on pictures.”
“We’re in that business,” he added pointedly.
Compelling images remain vital in delivering stories designed for broadcast. Still, the digital age has changed viewer expectations in a number of ways.
Perhaps with attention spans relatively deteriorating, members across the panel, “New Frontiers in News Storytelling,” moderated by TVNewsCheck Editor Michael Depp, said their digital-first stories have to draw viewers in immediately.
“Everything is in the first five seconds; you can win or lose in those first five seconds,” said Michael Koenigs, EP of Localish, a digital storytelling series produced for the Disney ABC Television Group. “Creating basically a thumbnail, or a wildly beautiful shot to grab people so they don’t keep scrolling [is] the No. 1 thing.”
Koenigs said he’s also given his reporters the freedom to take stylistic risks and shoot their images in “odd ways,” which could help the cause. His editors also stack many of their best images in the first 30 seconds across introductory elements of the longer narrative to get people to stick around.
“If you can get them to a minute you can hit the ad time on Facebook,” Koenigs said. “YouTube now wants to maximize those watch times” as well, he added.
Consistency is still key, too.
David Schechter, senior reporter, host and co-producer of Verify Road Trip, a storytelling series from Tegna-owned WFAA in Dallas, said that he’s committed to producing one story in full each week, so viewers can anticipate its arrival. Some of his tales demand a longform framework, like the recent 10-plus-minute documentary that took him and a climate change skeptic to Alaska.
Of course, the longer the film, the longer it takes to make. So, every other week, Schechter and his co-producer bang out a short spot of about two minutes in length, perhaps extra-appealing to the contemporary viewer.
Schechter also enjoys crucial creative freedom.
“Nobody really manages us through that process until we kind of get to more of an editorial crossroads,” he said. “It’s very hands off and I think that’s allowed us to put our stamp on it without having to be subject to a lot of rules.”
After watching Schechter’s piece about the climate change skeptic, Stephane Guez, co-founder and CTO of Dalet, a digital broadcasting platform-building company that employs AI technology to automate many important tasks, called it “a really compelling way of telling stories.” But he quickly added that the company behind it still has to ask, “How do we make that a sustainable business?
“It takes a lot of time to produce these pieces and you would want to make sure that it goes in front of all sorts of audiences,” Guez said.
No matter the length or production value of a story, to generate revenue production companies need eyes on it, which in and of itself is a challenge.
“Today, most of the money still comes from linear television; you would want to transform that model [in the digital space],” Guez said. “Somehow, because consumers have so much choice, you have to be in that business of promoting your work as well.”
The panel members appear up to the task.
During the Q&A portion of the discussion, an audience member asked if what they’re doing in digital is working to draw in younger viewers.
Koenigs said of Localish, “About 70% of our audience is under the age of 44, and we’ve generated over 200 million views.” He credited the company’s outreach on social media as a deciding factor.
If more organizations turn to the scroll of social media for views, the industry could continue on its path toward ultra-short stories becoming the status quo, he said.
“I think some of the most creative storytellers of tomorrow are those that can solve how you can make something interesting in 15 seconds,” Koenigs said, citing TikTok users as examples. “If you can solve the super-small storytelling, you’re going to be able to learn very well how to build longer.”
Watch the full video of the session here.


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On the 20th of July, the Indian movie ’Charlie 777’ was shown as part of a fundraising event for Taiwan SPCA at the Wonderful Cinema in Taipei, Taiwan.
Pet Fair Asia, the greatest Asian exhibition of our trade will be held in Shanghai for the 25th time from August 16 to 20 this year.
After several years of development, the JULIUS-K9 LAB team fine-tuned the Street dog harness, making it suitable for mass production.
• ISO 9001 certified European production, made of German straps • innovations in the spirit of sustainability and recycling • a supplier of service dog units for more than a quarter of a century • copyrighted innovations, official recognitions, product awards What’s our mission? • We believe that the dog-human-city symbiosis can always be improved…
Flyball is a team sport for dogs; the canine equivalent of a relay race. Dogs sprint over a series of hurdles, trigger a spring pad to release a tennis ball, catch the ball, and dash back.
When almost all textile and light industry brands were looking for sources of supply outside of Europe before the turn of the millennium, JULIUS-K9® really strengthened its relations with Germany.
The increase in prices, inflation, and gradual impoverishment do not exactly encourage people to keep dogs, much less the production of dog equipment in Europe. The costs of caring for pets have also increased, and whether they are pedigree or mongrels, their situation has become uncertain in many families. More and more pets are being taken to animal shelters, often because their owners no longer have the time nor money to care for them.
The success of JULIUS-K9® petfood on the European market is not inferior to the results of dog harnesses that have become world-famous over the last couple of decades.
The founder of our company, Anikó Bakos, has been actively involved in animal rescue for more than 10 years. The EbÁrvaház Nonprofit Association, which she founded, rescued dogs from council animal shelters in difficult situations, and was probably their last chance. Thanks to their persistent work, they have already made the lives of nearly 1,000 dogs and families better by helping them find each other.
We are very proud that the German AllesBeste, which conducts recognized product tests, chose the IDC® Powerharness as the best in the test of dog harnesses.


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MUMBAI: There was relief in store for more than 27 lakh suburban power consumers of Reliance Infrastructure (RInfra) on Saturday. Their monthly bills will not go up as the tariff is set to remain unchanged, at least till the beginning of 2013.
The Maharashtra Electricity Regulatory Commission approved the proposal of RInfra to retain the old tariff structure. The new five-year system is expected to come into effect only by early 2013. This means Saturday's "zero per cent hike" will benefit consumers till the time the five-year-tariff model replaces the current yearly one.


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Alfred Dunhill launches Olympian campaign
By Matthew Chapman, campaignlive.co.uk, Tuesday, 17 January 2012 09:58AM
Designer menswear brand Alfred Dunhill is celebrating the 2012 Olympics being held in its home city of London with a series of short films featuring British Olympians talking about their experience of competing.
Rowing legend Matthew Pinsent, double Olympic gold medal-winning sailing champion Iain Percy and Olympic gymnastics hopeful Louis Smith appear in the ‘Voice’ campaign.
The brand is aiming to eschew the world of celebrity and instead, portray real men of distinction of different ages and different backgrounds.
The spring/summer campaign was created in-house with digital strategy handled by Holler.
The film featuring Pinsent, is currently being run on the brand's Facebook page and YouTube channel and will be followed by footage starring Iain Percy on Thursday (19 January) and Louis Smith on the following Monday.
Follow Matthew Chapman @mattchapmanUK
This article was first published on campaignlive.co.uk
- Account Manager / Senior Account Manager Blue Tree Recruits £30,000 - £35,000, Guildford, Surrey
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- ASA bans 'strongly sexual' Giffgaff ad


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Adjournment motion against crores of rupees irregularities in Said Mitha Hospital submitted
Mover is PML-N member Aniza Fatima
LAHORE: An adjournment motion has been filed against crores of rupees corruption in the Govt Said Mitha Hospital, Lahore, inflicting huge losses to the national exchequer.
The adjournment motion was filed by PML-N member Aniza Fatima.
The hospital administration has purchased unnecessary and fancy medicines instead of medication, and also pay more than Rs10 million to their favourite companies.
Sugar’s medicine “Setsha Gulpinton” was purchased by Rs 60 per tablet.
One lakh tablets for Rs 60 lakh have been purchased while each tablet which can be purchased for only Rs 4 to Rs 6 have been purchased for Rs 60 each, inflicting huge
losses to the tune of Rs 54 lakh.
Furthermore, the management bought a bottle of hand foam sanitizer for Rs 1950 each which is available for Rs 950 only in the market.
The purchase of 400 bottles of sanitizer for Rs 39 lakh caused a loss of over Rs 45 lakh to the national exchequer.
For the first time in the history of the country, the government hospital bought “wipes” worth crores of rupees and purchased CBC equipment worth Rs 14
million from Fatima Traders which will not end in the next six years.
Reagent of CBC machine S. Ijaz-ud-Din Company was paying Rs 30,000 per set but was bought for Rs 1 lakh per
The CBC control used to be bought for Rs. 3200 but now it is purchased for Rs. 40,000.
On December 6, 2021, while paying a hefty sum of over Rs4 million for 1 lakh “Rasika Dotral” 10 mg sachets were purchased.


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No More Discussion, Facebook is the Most Effective Choice
Social media is obviously the choice for advertising these days, but what platform should you use? Well, AppsFlyer tracked 2.5 billion app installs from October 2015 to January 2016 and found that Facebook was the top marketing option for app developers. Facebook led app installs across all metrics including geographic region, app user retention and gaming versus non-gaming apps.
Venture Beat further pointed out that the report by AppsFlyer illustrates Facebook’s success in shifting its focus from desktop to mobile. According to Facebook’s latest earnings report, 80% of the social network’s advertising revenue comes from mobile accounts. This is up from 69% year-over-year, damn.
Obviously, Facebook is the undisputed leader in mobile advertising. They are consistently placed in the global top five media sources for retention and have unrivaled scale. However, EMarketer points out that app marketing in general is grabbing a lot of ad dollars. They found that mobile app install ads were expected to reach $3 billion last year. That accounts for more than 10% of mobile ad budgets with an 80% year-over-year increase in spending – wow.
Let’s take a step back. Last year, Chris Cunningham, the global head of mobile and brand partnerships at IronSource, an apps data and analytics company said, “The app-install ecosystem is actually what’s responsible for growing that space for Facebook, Google and every other company. What’s driving mobile budgets are not brands like Coca-Cola, but gaming companies and lifestyle apps.” Quite surprising!
You’re probably wondering about other players like Twitter and Google AdWords. Twitter’s scale remains so small compared to Facebook that it only ranks at 18 and 10 in gaming and non-gaming app installs over all. Google AdWords ranks anywhere from number 2 to number 5 across most of the mobile advertising for app developers categories. Close, but no cigar buddy.


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Wages reach point of no return
Updated: 2013-05-10 08:49
By Kelvin Lau and Stephen Green (China Daily)
As a nobel-prize winner's theory becomes reality, chinese firms face difficult choices
China has reached its Lewis turning point. This is a critical milestone for a developing economy, when urban factories, restaurants and other businesses have to start raising wages faster than the inflation rate to attract rural workers. Until that point, factory wages can remain flat and still attract farm workers living on subsistence incomes at home. It will take years for China to reach the end of the turning point, when urban and rural wages are equal. Until then, the increase in real wages for unskilled workers is here to stay.
We saw further evidence of this in our recent survey of manufacturing clients in the Pearl River Delta region, the industrial powerhouse in southern China. The annual survey, conducted after the Lunar New Year holidays, showed that manufacturing wage growth across the region is likely to accelerate to an average 9.2 percent this year, from 7.6 percent last year.
Salary increases are outpacing consumer price inflation, which we estimate will accelerate to 4 percent this year, from 2.6 percent last year. This extends a long-running trend of rising real wages, and provides further confirmation that China has reached the Lewis turning point, named after Nobel prize-winning economist Arthur Lewis.
The implications of rising wages are huge. Higher incomes help China move closer to its goal of becoming a domestic consumption-driven economy and away from its current investment-dependent structure. But they also leave companies across the Pearl River Delta region with three options: move their factories inland, where labor is cheaper; shift plants overseas; or step up automation to save on labor costs. The majority of the companies in our survey say they plan to go for the third option, at least for now, although an increasing number are looking at the other two.
Although the rise in remuneration may be partly driven by minimum wage increases and stricter enforcement of social insurance contributions, the majority of our clients believe that growing labor shortages are the main cause. Fortunately, most companies also say that output per worker has risen faster than wages, a sign that wage growth is backed up by productivity.
Wage pressure has clearly increased over the past 12 months. Relative to last year's survey, more companies expect a more than 10 percent increase in salaries this year, while fewer companies expect no increase at all. Almost one-third of the companies surveyed said labor shortage has worsened since 2011.
Our survey results indicate that there were no material job losses during last year's downturn. They also show that demand from within both China and abroad is picking up again. More than half the companies in the survey said they expected their orders to increase over the next three months; a quarter were operating their plants at full capacity, while the majority were running at more than 80 percent capacity.
Last year's slowdown, triggered in part by government policy measures to cool the domestic housing market and exacerbated by Europe's economic crisis, caused China's economic growth to slump to 7.7 percent - the lowest in more than a decade. We expect growth to accelerate to about 8.3 percent this year.
Wage increases are partly government-driven. China's 12th Five Year Plan (2011-15) aims to raise the national minimum wage by an average of at least 13 percent each year, faster than in previous years. Local authorities are free to set their wages above the national level. In fact, provinces have increased minimum wages by an average of 16 percent this year, following a 20 percent increase last year.
Shenzhen in the delta region tops the list in terms of minimum wages, with minimum monthly pay of 1,600 yuan ($260; 200 euros). This has forced more than half the companies in our survey to raise wages more than they had planned to, particularly for their least skilled workforce.
As salaries rise, only the fittest will survive. Naturally, larger companies are better able to compete by investing more in technology and securing larger, longer-term orders from overseas customers. Three out of five companies surveyed said they are responding with bigger investments in machinery. They are also investing in process automation tools, outsourcing or partially sub-contracting production, boosting in-house design functions, and hiring employment agencies to find new workers.
Moving production to cheaper locations is also an option, but a costly one. And such decisions are not driven purely by labor cost considerations. Relocation means losing proximity to suppliers and customers, dealing with new tax and regulatory regimes, and bearing higher transport costs. That said, our survey suggests that companies are increasingly willing to consider moving out of the delta region or expanding to new locations.
About 30 percent of the companies surveyed said they planned to move factories inland, while 10 percent said they would move out of China. Both figures are more than double that of last year's. Within China, many companies want to move westward to the Guangxi Zhuang autonomous region, where wages are 30 percent lower. Other popular destinations include Jiangsu, Hunan, Hubei and Jiangxi provinces. The favoured overseas destinations are Cambodia, Bangladesh and Vietnam.
Labor shortage has long been a challenge in the region. But manufacturing wage trends of the past few years in the region reflect the nationwide situation because the labor market is highly mobile. A squeeze on the surplus labor pool in the delta leads to rising inland wages and pushes up real wages for migrants leaving agricultural jobs.
There is also a new element fuelling the wage spiral - China's aging workforce. The number of people aged between 15 and 59 years fell by 3.45 million in 2012, the first absolute decrease in the labor force since the late 1970s. Add this ingredient to the mix, and it is easy to see why the Lewis turning point has arrived in China a few years earlier than many had expected.
Kelvin Lau is senior economist and Stephen Green is head of Greater China Research at Standard Chartered Bank. The views do not necessarily reflect those of China Daily.
(China Daily 05/10/2013 page9)


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July 10, 2023
Highcliffe Year 6… …you’re hired!This term, the Year 6 children at Highcliffe Primary School have been channelling their inner-Sir Alan Sugar.
To raise funds for their end-of-term leavers treat, the children planned, organised and then hosted their very own fundraiser.
They brought in unwanted toys, books and games and also created a range of homemade items which they sold parents and other children. Some sold drawings and bookmark, others baked tasty treats, whilst a number of children even created their own jewellery.
Other children hosted games stalls, there was a ‘nail bar’ where participants could get their nails painted, whilst the pupils also sold sweets and biscuits.
The final total stood at £450!
With the raised funds, the Year 6s had a fantastic last couple of days at primary school. They whizzed around on the obstacle course and danced to their heart’s content in the disco dome. Then, when they were able to pause for a moment, they feasted on pizza and ice-cream.
A huge congratulations to the Year 6 children, who thoroughly earned their leavers treat.


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b>NEW YORK:/bSiri, the voice-activated personal assistant that comes with the new iPhone 4S, is drawing rave reviews as consumers take to Twitter and the blogosphere to express their delight.
b>PETALING JAYA:/bExactly a day after Apple unveiled the iPhone 4S which upset quite a number of people who had expected more from the company, Apple's stock price was down, critics were having a field day, and those who had nothing better to do made snide remarks. Basically, it was all about Steve Jobs and Apple not doing enough to fulfil expectations.


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Has Spice Girls member Victoria Beckham been a nightmare customer for employees at Barneys New York in Beverly Hills? A source close to the 33-year-old claimed to UsMagazine.com: “She buys so much in every department. But she demands it all be special-ordered. And then she returns tons of it – and they can’t put her altered clothes on the sales floor!” But a Barneys rep told the mag, “I have heard nothing of the sort.”
Posh Snubs Coffee Made From Tap Water At Hospital
A visitor to the London Chest Hospital tells News of the World that Spice Girl Victoria Beckham refused a cup of coffee while visiting her sick father-in-law Ted because it was made with tap water. “She was offered a cup of coffee by one of the staff,” the source told the tab. “But he wanted to know what kind of water had it been made with—bottled or tap. Obviously it was tap water and she said, ‘No, thank you’. The staff were bemused. Water is boiled anyway, so people didn’t understand what the problem was.” The full story at newsoftheworld.co.uk has since been removed.


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By Adekunle Jimoh, Ilorin
Kwara Governor AbdulRahman AbdulRazaq has directed the reduction of the Dazzling of Manner (RoW) fee for telecommunications companies from N5,500 per linear metre to 1 Naira per kilometre of fibre.
The negate now has the second lowest RoW fee in Nigeria after Kaduna.
Commissioner for Communications Murtala Olanrewaju said the reduction takes rapid discontinue.
Except now, telecoms were paying N5,500 per linear metre because the fee for laying fibre cables within the negate to make stronger their digital connections.
Olanrewaju said AbdulRazaq directed that the RoW fee be slashed to N1 glorious per kilometre, a decision designed to deepen digital penetration in Kwara Tell, jerk up the negate’s ease of doing industry ratings, and ease folks’s find entry to to the fetch and other digital conversation even within the remotest part of the negate.
“Aside from utilizing up funding within the sector, the prolonged-time frame outcomes of this crucial step reminiscent of strengthening find entry to to digital communications and bringing more companies to the hinterlands can’t be quantified,” the commissioner quoted the Governor as said.
Read Additionally: Tackling telecoms sector’s challenges for FDI
He added that cyber web and broadband penetration were known to believe an rapid correlation with financial improvement. A see implemented by the World Telecommunications Union (ITU) on Africa reported that a 10 percent broadband penetration would result in a 2.5 percent increment of Gruesome Domestic Product (GDP) per capita.
The Nationwide Economic Council (NEC) had fair fair lately resolved to encourage technological advancement as a mode to lickety-split track financial improvement in Nigeria.
The choice became hinged on the believe to create a favourable industry ambiance for telecommunication companies and to extra deepen broadband penetration for social and financial improvement.


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The First Responder Network Authority currently works to develop a bring-your-own-device policy that covers support for personal devices on the nationwide public safety broadband network.
FirstNet said Nov. 23Â its goal is to establish a BYOD model that enables public safety users to access the NPSBN via personal devices such as smartphones and tablets, agency-owned legacy devices and devices that use an intermediate connection.
“The FirstNet BYOD policy can start with an enterprise model and be tailored as needed to meet the special mission critical and security requirements of a public safety network,” the group added.
To address security issues related to BYOD implementation, FirstNet offers technical measures that include mobile device or application management, security container applications, firewalls and device certification.
FirstNet said the BYOD policy will work to guide those technical controls and balance them with usability or flexibility of device support.


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As more businesses around the world begin to restrict or limit travel in the wake of the spread of the coronavirus, the effects are trickling into Phoenix.
The National Data Center and Smart City Infrastructure Summit was supposed to be held in Phoenix this month and has been shifted to Oct. 29.
"They didn't say it was because of the coronavirus, but there was no other reason. I suspect it may have something to do with it," said Steven Zylstra, president and CEO of the Arizona Technology Council, which was supporting the conference.
Tech companies are waiting to see how long the outbreaks will last and how deep the impact will be, Zylstra said.