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Electric car subscription service Onto raises a new credit funding line of £100 million (approximately CAD 153 million) from global investment group CDPQ and independent asset manager Pollen Street, boosting its mission to accelerate electric car adoption and provide a flexible alternative to the traditional car ownership model.
The £100 million asset-backed facility will enable Onto to continue expanding its UK fleet with the latest electric car models. This new facility builds on the existing relationship between Onto and Pollen Street; Pollen Street has been a finance partner to Onto since July 2021. The facility also represents a new partnership between Pollen Street and CDPQ.
Onto’s monthly subscription model is all-inclusive of insurance, breakdown cover and free public charging. It empowers subscribers with flexibility – no deposit, no long-term commitment and the option to swap cars or stop the subscription every month.
Rob Jolly, Onto CEO & Co-Founder, said: “We’re grateful for the support of Pollen Street and CDPQ – it will turbocharge our UK growth plans and consolidate our position as the leading electric car subscription service. This is a pivotal moment for the adoption of electric cars and at Onto we want to make them more accessible and affordable to people who want to make environmentally-conscious choices. The opportunity to provide an alternative to car ownership has also never been more desirable – our subscribers benefit from the convenience, flexibility and choice that come with a monthly subscription model.”
Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ, said: “Onto provides an attractive and comprehensive subscription alternative to access EVs in an industry gaining momentum for environmentally-friendly modes of transportation. Building on the experience of investing in other asset-backed platforms by our Capital Solutions team—which provides flexible and innovative capital solutions to meet the evolving needs of companies—this financing will support Onto’s growing EV fleet. Working alongside partners like Pollen Street, we look forward to helping European businesses position themselves for growth while advancing our objective of contributing to the decarbonization of the real economy.”
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Matthew Potter, Partner at Pollen Street Capital, said: “Building on our relationship with Onto, we are excited to once again work with a business that has a strong mission to enable access to electric vehicles and encourage the switch to greener mobility. This funding will play an important role in supporting Onto’s growth and aligns strongly with Pollen Street’s commitment to investments that drive a positive impact. We are also thrilled to partner with CDPQ on this facility, providing Onto with the joint funding to drive its 2023 goals, together. CDPQ is a fantastic partner and we look forward to working with the team.”
Onto was founded in 2018 and has grown to become the largest electric car subscription service in Europe, with over 7,000 cars in the UK. Since Pollen Street’s first facility in 2021, Onto has doubled the size of its electric car fleet, which now includes 25 different car models. Onto has raised £340 million in total in equity and debt, most recently completing its £45 million Series C raise. In 2022, the business was recognized by Deloitte as the fourth fastest growing UK tech business in its Fast 50 list.
In 2022, Onto subscribers saved 4.8 million litres of petrol, which saved 9,695 tonnes of CO2 from being released into the atmosphere – the equivalent impact of 164,000 trees over 10 years. The growth of the business has also seen Onto subscribers travel over 45 million miles in 2022, more than double the previous year.


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Statistics from the Ministry of Industry & Information Technology show that China’s ship industry has not walked out of the bottom of the trough as yet. However, with other shipyards internationally closing down, it is not doing that badly.
China completed RMB300.6 billion of gross industrial output value in January to July which was up year by year by 33.7%.
The China ship industry totally shipped out RMB140.3 billion of ships abroad, but the growth fell 2.4 percentage points from January to June.
An expert of the China Association of National Ship Industry said, although the number new ship orders improved in June and July, the industry was still far from being back to normal.
Gao Xiaochun, senior analyst of China Securities, agreed. The highlight in the July orders could mainly be attributed to 30 bulk ship orders from the HNA Group of 4.14 million DWT. This mean that HNA Group bought in 50% of Zhejiang Jinhaiwan Shipyard ship orders.
Steelguru reported Bao Zhangjing, chief analyst of the China Ship Industrial Economic Research Center pointed out that “In the global market, new ship prices continue a slight decline at present, which indicates the ship industry has not yet stabilized.”

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Simplifying Global Compliance
FDAnews Device Daily Bulletin
Clear Catheter Systems Receives US FDA Clearance
Dec. 14, 2010
Clear Catheter Systems, Inc., a Bend, Oregon-based medical device company, announced Monday that it has received US Food and Drug Administration clearance for its innovative PleuraFlow Active Tube Clearance System.
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Flipkart is one of the most popular eCommerce marketplaces in India has recently announced Ranbir Singh and Alia Bhatt as a brand ambassador of Flipkart. This news comes to power when the company launched its new campaign which includes the “India Ka Fashion Capital” slogan featuring Bollywood entertainers Ranbir Kapoor and Alia Bhatt.
The campaign suggests to consumers “Wear The Next”, Flipkart Fashion welcomes the brand beloved, the pioneers, and accordingly the spotlight trenders, to have their own style decisions while keeping up with trending style. The advertisement is pointed toward motivating fashion sweethearts the nation over to refashioned their design remainder with the freshest styles accessible on Flipkart.
The fight for customer procurement has taken a new turn with the top eCommerce organizations as Flipkart to Amazon appointing the famous Bollywood celebrities to push their brands. Interestingly since it started operations in the country, Amazon tied up with Amitabh Bachchan, Alia Bhatt, and Salman Khan among a couple of others. On the other hand, Flipkart named Ranbir Kapoor and Alia Bhatt as its brand ambassador. The previous year, Flipkart worked with Ranbir Singh and Shardha Kapoor.
Keep your style up to date, just like Ranbir Kapoor! Shop the latest collections from brands at the best prices at Flipkart Fashion, #IndiaKaFashionCapital. Get #SomethingNewEveryday! pic.twitter.com/Vwc2lDFDh3
— Flipkart (@Flipkart) May 29, 2019
The new advertisement campaign exhibits Flipkart Fashion’s brand ambassador, Ranbir Kapoor and Alia Bhatt, are frequently seen instructing buyers about continually being ahead in their style game by “Wearing The Next” through a significant media blend, utilizing styled fashion remainder and designated correspondence for different miniature portions of customers. The Flipkart campaign is broadcasted on TV and social platforms for about 2 months. Besides two TVCs, shoppers additionally will see a ton of curated digital content. From short videos discussing the benefits of shopping on Flipkart Fashion to a few social media challenges, buyers will see the team in different drawing-in and intelligent configurations.
Also Read- Taco Bell Nacho Fries Latest Commercial Features Joe Keery & Sarah Hyland | Nacho Fries Commercial
The fashion business in India has changed in various ways this previous year, as shopper needs actually advance when needs themselves stay dynamic. A few groups in the previous year have made a blaze of retribution and reevaluating as they looked at their style prerequisites through an uncommon focal point. With the vast majority of individuals remaining securely inside, the pandemic set off changes and brought numerous new clients online to encounter fashion through online business, in metro urban communities as well as in more modest areas and towns. Purchasers today are style cognizant, esteem chasing, and try to have the most trending superstar style.
Discussing the campaign, Sukriti Bajaj, Senior Marketing Manager at Flipkart, said “Ranbir and Alia have been instrumental in making awareness about numerous significant social issues in India. They are big influencers among the youngsters. Their name is synonymous with sincerity, hard work, and devotion to his art. These are values that are totally in a state of harmony with Flipkart’s ethos of fashion, security, and dependability, hence we felt that these celebs are the ideal brand ambassador for our company to influence billions of Indians.”
Shoumyan Biswas, Flipkart head marketing official said, “Bollywood big names are one of the main motivations for style thus it was normal to connect with 2 greatest fashion symbols as brand ambassador for Flipkart Fashion. The mission repeats Flipkart as a fashion objective.”
Ranbir Kapoor, one of the most highly compensated actors in India, is figured out how to have inked a multi-year endorsement deal Flipkart.
For more Entertainment, Business, Technology news, visit Visflakes.
#Flipkart brand ambassador #brand ambassador of Flipkart #Flipkart brand ambassador India #Flipkart brand ambassador 2021 #Flipkart marketing #Ranbir Kapoor #Alia Bhatt #New Flipkart brand ambassador #Flipkart fashion campaign
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The new logistics area planned in the Madrid and Barcelona markets for 2022 and 2023 amounts to almost three million square meters, according to Savills.
In the Spanish capital, 2021 closed with a stock of just over eleven million square meters and this figure is expected to reach 12.33 million this year. Since 2015, the stock has increased by more than 3.8 million square meters, which represents an increase of 52%, which the consultant expects to reach by the end of 2022, thereby setting a new record.
The average availability rate in Madrid stands at 9.3% in relation to the current stock and reaches one million square meters. The areas with the greatest availability are the Corredor del Henares, which brings together 59% of the availability, and the southern area, which represents 24% of the total.
Of the million square meters that are going to be incorporated this year, 20% are already pre-rented, and Savills estimates that in July this percentage will reach 50% or 60%, as happened in 2021. By 2023, the incorporation of , at least, 770,000 sqm in new projects, which already have some 100,000 sqm contracted in turnkey projects, which represents a total of 16%.
Looking to the future, the consultant highlights that the land market "will continue to heat up and reach record prices, there will be an increase in new projects for urban distribution, the excellent behavior of the first crowns is maintained and the trend towards logistics continues of the big box type between 30 and 50,000 sqm". In addition, thanks to the boost from e-commerce, good figures are expected in hiring levels for this year and the stabilization of rents with an upward trend in new promotions stands out.
In the last seven years, more than two million square meters have been added to Catalonia's logistics stock, with an increase of more than 32%, standing at almost nine million square meters, of which just over 200,000 sqm were available at year-end 2021.
In fact, availability in the downtown area is null and stands at 2.3% in the first crown, with a total of four assets. Thus, according to Savills, the second and third crowns have been consolidating due to their strategic location, more competitive prices and asset characteristics.
As for the future offer for 2022 and 2023, the report places it at more than one million square meters, of which 50% is already pre-rented or corresponds to self-promotion projects. Savills foresees that demand will continue at a good pace and we will continue to see an increase in the pre-let, the availability of built warehouses will continue to drop and there will be new contracting of turnkey projects, and the great interest in finalist land will continue, but, given its scarcity, there is a greater positioning in land with urban management. In addition, new projects are being consolidated in the second and third crowns, but new sources of interest will also emerge in those well-connected areas. As for prices, they describe an upward trend in some areas.
In Valencia, for its part, 354,000 sqm have been incorporated into the logistics stock during 2021, with a prelet of almost 100%, reaching a total area of some 3.4 million square meters built. The greatest concentration of logistics space is found in the central axis, it corresponds to the intersection of the A3 with the A7 and represents 48% of the current stock, while there is 23% located in the southern axis.
By 2022, the international consultant expects the incorporation of 380,000 sqm built, with 81% already committed. The distribution of this new area is distributed in a similar way between the north, center and south axes, around 33% in each of them. The northern zone presents 86% of the committed area, due to the fact that most of the properties are self-promoted. The addition to the stock of projects with surfaces greater than 30,000 sqm stands out, which was one of the most pronounced deficiencies in the Valencia market.
Currently, the average availability in Valencia stands at 3.5%, with the highest availability rate in the central area, with 4.92%. The contracting has risen to almost 400,000 sqm, with a total of 49 operations and an absorption of 51% in the central axis. As for prices, in the prime area of Valencia they are around 4.50 euros/sqm/month.
Regarding the trends for this year, the report forecasts that in Valencia the good pace of demand and new logistics developments will continue, that rents in the prime zone will stabilize, but with a tendency to increase, and the consolidation of rents in the areas north and south for new logistics projects.
For the Andalusian logistics market, 2021 has been a year of consolidation. The focus continues on Malaga and Seville, but Savills points out that "we must not lose sight of areas like Cádiz, with the different projects that are being promoted from the Free Trade Zone", or the proactive attitude of the Huelva Port Authority, which is constantly promoting new actions.
According to the consultant, currently, the logistics stock available in Malaga, Seville and the coast is practically nil, and no new ceiling available in the market is expected in 2022. In the Malaga area, the boost in demand has made it possible to consolidate rents at five euros, which gives the market great returns and arouses strong interest from the investment market. As for Seville, the evolution of the market on a consolidated basis has caused a positive evolution of rents, with an increase of around 10%.
It is expected that, in the coming months, Malaga will incorporate state-of-the-art logistics properties, expanding the park and improving quality, and that rents will remain stable at their historical maximum. Seville will also add new projects to the available stock, but still at very low levels, and rents will experience moderate growth.
"According to our data, 58% of logistics operators and 46% of retailers expect to increase their warehouses in the next three years in Europe, with Spain being one of the most popular markets to increase their footprint. However, we still have There are many challenges ahead and challenges to resolve.Demand calls for quality, efficient and sustainable supply, and the proportion of adequate stock is still small for a strategic sector for the economy, which generates wealth and employment and is key to the development of cities of the future", explained Antonio Montero, executive director head of logistics at Savills Spain.


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NBA 2K16 Release Date Rumored for Oct. 27, New Features Teased
The Gospel Herald is reporting that NBA 2K16 will be released on October 27 of this year.
The late-October release date would be a departure from the early-October releases for the “2K” series but it would mean the game would release closer to the start of the actual NBA season; something sports games have been doing as of late. Both “Madden NFL 15” and “MLB 15: The Show” launched close to the start of their respective league season openers.
In other “NBA 2K16” news, while Gamestop does not have a release date listed for the game yet, it does have a small features teaser.
“The ‘NBA 2K’ franchise is back with the most true-to-life NBA experience to date with ‘NBA 2K16.’ Guide your MyPLAYER through the complete NBA journey, take control of an entire NBA franchise, or hone your skills online competing against gamers from around the world. With animations that provide smoother movement and more realistic articulation, it’s certain to be the most authentic NBA gaming experience yet.
Last month, according to an image obtained by Polygon, “NBA 2K16” will feature three different covers with the Golden State Warriors Steph Curry, the Houston Rockets James Harden and the Oklahoma City Thunder’s Kevin Durant. The three different covers are similar to “NBA 2K12” which featured Magic Johnson, Michael Jordan and Larry Bird on the covers.


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The round also saw participation from Dragonfly Capital, Consensys Labs, Astarc Ventures, Singapore Angel Network and other angel investors including Amrish Rau and Jitendra Gupta (CEO, PayU India) and Nitin Sharma from Incrypt.
Juno was founded in July this year by Varun Deshpande, Ratnesh Ray and Siddharth Verma, who also created the Consensys-backed Nuo protocol in 2018.
“We will be using the funds to expand our team in Bengaluru and Singapore and also apply for relevant licences in select markets to expand,” Deshpande told ET.
Juno, which has been built using Ethereum blockchain and Nuo protocol, leverages decentralised digital assets. It aims to create an open and global financial system for everyone, regardless of location or income.
It plans to onboard customers with a 5.5% annual interest on their savings, with no lock-in or hidden fees. Clients will also be able to send and receive money anywhere in the world without intermediaries and at no cost.
Additionally, the company plans to introduce a debit card in partnership with a bank in the future. Juno, which enables decentralised lending and borrowing of digital assets, is eyeing high yield on stablecoins such as USDC.
- Front Page
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- Learn more about our print editionMore
- Byju’s New India CEO to Cut More Than 4,500 Jobs
Arjun Mohan, who took charge as the new chief executive of the India business at Byju’s last Wednesday, is set to unveil a series of changes at the financially troubled edtech firm, including cutting the headcount by a third or about 4,000-4,500 people to further tighten costs, people aware of the matter said.ADIA Looks to Put $600m into RIL’s Retail Business
After QIA, yet another oil-rich Gulf sovereign fund, Abu Dhabi Investment Authority (ADIA), is looking to buy an additional stake in Mukesh Ambani’s retail empire. ADIA is seeking to invest $600 million into the organised retailing business of Asia's richest person, people aware of the developments told ET, at valuations that significantly exceed those during an earlier concluded round three years ago.Bigger Ecommerce Sales Set to Light up Volumes
The upcoming festive season sales are expected to bring the steepest online discounts since Covid, up to 60% in certain categories, with several ecommerce majors indicating a push to expand volumes.
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The Owen Middle School will hold its Holiday Craft Fair at 730 Old US 70, in Swannanoa, NC on December 10th, 2016 from 10am - 4pm.
The Owen Craft Fair holds a special place in Melissa Duarte and daughter Sarah
Grace’s holiday calendar. Each year, they purchase a felted decorative item,
handmade by Owen Middle School students.
“We love to support the artisans and the school, and it is such a friendly
community event,” Melissa said. Like many in the Valley, they would not miss
the annual event.
On Dec. 10, close to 50 vendors will fill the school gym with their creations.
At one vendor table, guests will find the wire and beaded earrings made by
third-year crafts fair participant Elizabeth Walton of Red Ren Jewelry. Walton
is a mere 13 years old, but she is succeeding as a teen entrepreneur, having
recently added new items to her line, thanks to a home-school entrepreneurship
class. She likes the craft fair because of how friendly people there are.
Terry Hall, an area author and longtime Asheville City Schools teacher,
principal and supervisor, hopes to have a productive day at his vendor table.
Two of his books will available for purchase and signing. “A Matter of
Conscience” is a true love story about his great-great-grandfather who fought
in the border wars of the 1850s. “Notes from the Chalkboard” is a collection of
interviews from teachers, principals and superintendents all over Western North
Carolina, relating the most funny things that happened in their teaching
Now in its 12th year, the annual Owen Holiday Craft Fair features arts and
crafts handmade by professional artisans, likely including pottery, blown
glass, doll outfits, toys, jewelry and wearable art, carved wooden items and
home decorative items. For children, the fair has a holiday activity room,
hosted by the school’s Builder’s Club, which is sponsored by local Kiwanis
Club. Provided at no charge, the room offers holiday games and crafts (possibly
even a visit from Santa himself).
The craft fair money helps with purchases that dwindling local funds haven’t
provided for. Proceeds in the past have allowed eighth-grade language arts
teacher Jarret Kaufman to purchase a set of “The Hobbit,” as well as a movie.
The materials are now part of the class curriculum. Money from the craft fair
is also used for teacher-directed projects.
For Jen Kiecker, who teaches seventh- and eighth-grade math, funds last year
secured an important MobyMax program. The online program is a standards
assessment that determines whether specific standards are being reached by
students. It also helps staff track student progress during the year.
OMS teacher Teresa Cowen had the idea for the craft fair 12 years ago. Since
her husband was an artisan, she wanted to showcase the work of area artists in
a way that would also raise money for Owen Middle.
The event has become a Valley holiday tradition for many, known of its
convivial atmosphere. In a unique way, the event also brings the school
community together - staff, students and parents - who all help in various
Phone: (828) 686-7739


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Google will be rolling out its latest operating system, Android O very soon. Google's upcoming major version of Android may release in early-to-mid August 2017. Android O will be coming with many major updates and a bundle of important aspects of Android.
It is expected that all those people who own Google Pixel will be able to update their software to Android O, in the first few weeks of August. Some sources also say that there won't be a Developer Preview 4, rounding the number of public betas to three.
The day when Android O will be made public, people will be able to enjoy the brand new software. However, only a few selective smartphones will be able to update their operating system to Android O.
Which Phones Will Be Updated To Android O And When?
Google Pixel, Pixel XL- Being Google’s own devices, their smartphones is bound to get the latest update Android O as soon as it is officially launched.
Nexus 6P, Nexus 5X- Just after Pixel, Nexus 6P and Nexus 5X will be receiving Android O. This will mostly happen before the year ends.
Galaxy S8, Galaxy S8+ - As of now, there is no such official confirmation but speculations indicate that the smartphones which will be released next year in January-February 2018 may run on the newest software. The career-specific version of the flagship devices should get it sometime in February-March 2018.
Galaxy Note 8- Galaxy Note 8 will not get access to Android O but may get it by the end of this year or next year in the January-February window.
Galaxy S7, Galaxy S7 Edge- We can expect that Galaxy S7 and Galaxy S7 Edge will be updated by Android O by next year March-April.
Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge+ - These three are the last handsets to get the latest update. It will most probably hit them sometime in Spring 2018.
LG V30- Chances are high that LG V30 could be the first smartphone to run on Android O, similarly last year’s V20 was the first handset to be shipped with Android Nougat.
LG G6- This smartphone will get the latest update by this year-end that is November-December.
LG V20- LG V20 will be getting the latest major update either in late 2017 or early 2018.
LG G5- G5 received Android Nougat in mid-May 2017, so considering that we can expect that the owners have to wait for some more time to get the new software.
HTC U11- HTC updates its flagship phones to the latest software in every 90 days. It is expected that by this year-end HTC U11 will get Android O.
HTC 10- After HTC U11, HTC 10 is likely to get the latest update. By early 2018 it will be updated by the newest software.
Sony Xperia XZ Premium- Most probably by 2017 end, the handset will get Android O.
Sony Xperia XZs- All of them will get Android O before 2017 ends.
OnePlus 5- Before 2017 ends, OnePlus 5 handsets will obtain Android O.
OnePus 3/ OnePlus 3T- The CEO of OnePlus 5 Pete Lau promised to update the software of these two devices by the end of this year.
HMD Global promises that all of Nokia's phones so far—Nokia 3, 5, and 6—will be getting updated to the latest software, which is quite the welcome piece of news.
Sadly, there are no projected time windows, and given that Android-powered Nokia phones are fresh newcomers, we have no basis for speculation.
HMD Global has declared that all the Nokia phones launched so far that is Nokia 3, 5 and 6 will be updated to Android O. However, there is no time window given by Nokia as till when it will get the latest updates.
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Mercedes Benz Rolls Out India-Made GLC at Reduced Prices
German automobile manufacturer Mercedes Benz has rolled out their latest product the GLC from the company`s manufacturing facility in Chakan, Pune. This car which is has been made in India has been launched four months after the SUV was launched in India in June. Mercedes Benz GLC was first introduced to the car market in India as CBU (completely built units).
Mercedes Benz GLC
The Mercedes Benz GLC which has been made locally is now available in three variants GLC 220d 4MATIC Style, GLC 220d 4MATIC Sport and GLC 300 4MATIC Sport. With the launch of the GLC from its manufacturing plant in India, Mercedes Benz has added its ninth car to its portfolio of locally made vehicles in India and has made the company the largest locally producing luxury brand in India. The local production of this company includes the E Class, followed by the S Class and C Class at this plant.
Talking about the engine specs, the GLC is powered by a 2,143cc turbocharged diesel engine or a 1,991cc turbocharged petrol unit. While the diesel engine can produce 170 bhp and 400 Nm of peak torque, the petrol engine has got the capacity to churn out 245 bhp of power output and peak torque of 370 Nm. The engines come coupled with a nine speed 9G-TRONIC automatic transmission and all wheel drive system.
“The GLC with its dynamic design, best-in class technological innovations and luxurious appointments has already established itself as a winning product in our portfolio. We are enthused by the customer response to this dynamic SUV, which has altogether redefined the segment and given the customers a refreshing choice. The GLC has already become one of Mercedes Benz`s highest selling products, and we are very confident that it will replicate the global success in India as well. With the localization and availability in petrol and diesel, we are confident that the GLC will become an attractive proposition for our discerning buyers with enhanced value propositions and increased availability,” said Roland Folger, Managing Director & CEO, Mercedes Benz India.
Available to car buyers in the petrol and diesel engine variants, the GLC has now been priced at INR 51.90 lakh for the 300 Sport trim, INR 47.90 lakh for the 220d Style and INR 51.50 lakh for the 220d Sport (all prices are ex-showroom Delhi). The Mercedes Benz GLC Edition 1 SUV was originally available at a price tag of INR 50.7 lakh (ex-showroom Pune).
The Mercedes Benz GLC is pitted against competition with the Audi Q5 and the BMW X3
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Don’t Buy Macy’s Until These 3 Things Happen
Macy’s (NYSE: M) stocks may look tempting after losing 61% year-to-date. With the holidays ahead, we might expect an increase in sales – and possibly the share price. But make no mistake about it. The department store chain is not yet out of the woods.
Before the coronavirus outbreak, Macy’s was already grappling with issues such as declining mall traffic and online competition. After the global coronavirus outbreak, Macy’s faced new challenges, including temporary store closures and consumers’ focus on stocking essentials, rather than buying clothes or jewelry. While the health crisis is not over, stores have reopened and traders are trying to adapt to today’s customers. Ultimately, we could bet on Macy’s recovery. But don’t get started just yet until these three things happen.
International travel resumes
Macy’s flagship store on Herald Square in Manhattan, and even some of its stores in other major cities, rely on tourism. In the company’s second quarter earnings report, she cited the decline in international tourism from COVID-19 as one of the headwinds it continues to face.
As a perspective, international tourist arrivals to the Americas fell 55% in the first half of the year, according to the United Nations World Tourism Organization. This shouldn’t be surprising since many countries have restricted travel during this time as the coronavirus outbreak has turned into a pandemic. And in accordance with the lockdown restrictions, Macy’s and other retailers have temporarily closed their stores. However, the resulting drop in travel during this period is not the main problem.
The biggest concern is that, as the health crisis continues to drag on and economies stagnate, international tourism will not rebound overnight. In fact, the UN report estimates that it would take two and a half to four years for international tourism to return to 2019 levels. That doesn’t mean you have to wait that long to buy Macy’s stock, but it does. is rather prudent to wait until we see at least a gradual increase in travel numbers.
Digital growth continues beyond the pandemic
Macy’s reported a 53% increase in digital sales in the second quarter compared to the prior year period. And e-commerce accounted for 54% of total sales. This digital gain is positive. But we have to put it into perspective. This came at a time when many communities continued to struggle with the coronavirus and shoppers were favoring e-commerce to avoid contact with others.
Going forward, it will be important to see if digital gains can keep the momentum going. In a quarter or two, we should have some idea of where the business is going. Macy’s recently updated its three-year Polaris Growth Strategy, which was originally released just before the coronavirus pandemic. The company plans to accelerate the development of its digital business. It also aims to increase the profitability of the company by finding ways to increase its margins and optimize its marketing expenses, for example.
Along with that is the strengthening of the omnichannel experience, essentially developing a seamless physical store digital business. Macy’s has created a execution system as part of this effort. Such a move should help customers get their orders efficiently and ultimately reduce Macy’s costs.
Progress on cost savings
Speaking of costs, in February, Macy’s set a target of $ 1.5 billion in savings by 2022. The company recently revised that figure to $ 2.1 billion. Macy’s made the trip because of the current, more difficult environment. Macy’s has the financial resources as it launches its turnaround plan: the company ended the second quarter with $ 1.4 billion in cash and access to $ 3 billion under a credit facility.
But given the trend in sales and profits, the need for savings is clear. Comparable store sales fell more than 34% in the second quarter year over year. And the retailer reported a loss per share of 81 cents compared to earnings per share of 28 cents in the prior year period. But the declines aren’t just the result of COVID-19. Net profit in 2019 fell to $ 564 million, from more than $ 1 billion the year before.
Now Macy’s has said it will control spending so the savings can partially offset the costs to accelerate digital business and fund strategies to drive sales.
Investors should keep an eye out for Macy’s efforts here, including things like inventory control. In the second quarter, Macy’s reported good news: inventory was down 29% from the previous year period. This allowed the chain to start the third quarter with a good sales / inventory ratio.
You don’t have to wait until 2022 to buy Macy’s stock. But a quarter or two of the progress in cost savings, along with a move in the right direction in digital, and some recovery in tourism may be signs to start betting on this retailer’s takeover.
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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Suzuki Jimny Back In Europe As Two-Seater Commercial Vehicle
It turns out that the reports from January of this year were correct. At the time, it was believed that the Suzuki Jimny would disappear from the European market in its original five-seater form and return as a utility vehicle. Fast forward to today and the automaker is actually bringing a two-seater Jimny to the market in some countries of the Old Continent.
The Jimny light commercial vehicle comes with “a large luggage compartment with a flat floor and a safety partition”, which would be perfect for small businesses. However, the truth is that the new version is the model’s only chance to survive as it will be classified as a utility vehicle. This segment has significantly lower emission restrictions in Europe compared to regular cars.
This fact easily explains why the new Jimny LCV has “the same authentic, uncompromising off-road performance” as the stock four-seater Jimny. Suzuki explains that the off-roader continues to ride on a ladder frame and have the company’s part-time Allgrip-Pro 4WD system with a low-range transfer gear.
The absence of rear seats opens up a huge cargo area with a capacity of up to 30.47 cubic feet (863 liters), which is 1.16 cubic feet (33 liters) more than the passenger Jimny when the rear seats are folded down . There is also a new security bulkhead that prevents cargo from entering the cabin and separates the cargo area from the front seats.
There is no change under the hood where there is still a 1.5-liter naturally aspirated gasoline engine producing 100 horsepower (75 kilowatts). Measured by European WLTP standards, the Jimny LCV returns 173 grams of CO2 per kilometer, which is well above the standards for non-commercial light vehicles on the continent, which easily explains the shift from off-road to the commercial vehicle segment. light.


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Apple is losing some of its business with the MacBook laptops because people are opting to buy iPad Pro tablets instead. That probably gives the tech giants some mixed feelings. Speaking of iPads, reports show that people are more attracted than ever in buying a new iPad, as it offers portability that is unmatched. Also, it comes with all the necessary functions and features that would allow any business oriented person to complete a variety of tasks in a productive and efficient manner.
The upcoming release of the iPad Pro 2 is hyped by Apple, as it is saying that the device will be better than any iPad iteration released so far. Since it’s the new device, it is expected to pack a punch and outdo previous models in terms of power (as there wouldn’t be much of a point for its release otherwise). But considering the power and success of the current generation iPad Pro, the statement had left Apple fans more anxious than ever to find out what the iOS developer is preparing.
Reports also show that more and more people are ditching laptops for tablets. This isn’t exactly news as the shift from laptops to more portable solutions has been going on for quite some time and not only in Apple’s camp. The MacBook line of laptops is considered one of the best solutions for people looking for a computer than is based on achieving high performance in a business environment. To have that toppled by the iPad Pro only speaks for the efficiency of the latter, which seems to be continuing to grow.
It will be interesting to see how Apple will deal with the massive (potential) success of the upcoming iPad Pro 2, and what will this mean for the company’s MacBook line of laptop computers.


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Following a competitive pitch, the iconic British women’s fashion retailer, Warehouse, has appointed Threepipe to manage its UK customer acquisition programmes across PPC, SEO, display and social media channels.
Jessica Byrne Walsh, Digital Marketing Manager: “We were searching for a full service digital agency that could run our acquisition programmes across multiple channels while also ensuring a consistency of communication. Threepipe’s strategic approach and their experience in creating programmes for ‘fashion active’ women was key to their appointment. We can’t wait to start working with the team to bring this next wave of digital innovation to the brand.”
Farhad Koodoruth, Co-Founder, Threepipe: “To work with such an iconic female retailer is a huge honour and we are confident that our approach will help drive the brand forwards towards its ambition of becoming one of the most innovative British high street retail brands.”


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BEVERLY HILLS, Calif. — Hustler magazine, which began publication in July 1974, is celebrating its 40th anniversary with the launch of HustlerMagazine.com, founder and publisher Larry Flynt announced today.
“HustlerMagazine.com offers a treasure trove of unique material from the Hustler vault,” Flynt said.
He added, “In addition to providing continually updated content, the site houses a digital archive encompassing every issue in the 40-year history of our magazine, including all of the sizzling pictorials, penetrating articles, in-depth interviews, amusing cartoons, insightful political commentary, scathing satire and thought-provoking features that have been our publication’s trademark for two generations. In addition, we’re offering classic and contemporary adult videos from the unmatched Hustler and VCA collections.”
The company noted that the most recent issues of Hustler, and all future issues, will contain expanded pictorials and additional hardcore videos on the site.
“We understand that, in today’s world, not everyone wants an actual print copy of a magazine, so now you’ll be able to enjoy all we have to offer on your iPad, Android tablet, smartphone, PC or Mac,” Hustler President Michael H. Klein said.
He added, “We think HustlerMagazine.com will not only appeal to our legion of loyal readers, but will also attract a whole new audience of Hustler fans. This is a fabulous way to celebrate our 40th anniversary.”


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According to global market information and insight group TNS, people are suffering the effects of the recession as the number of consumers looking to buy a mobile phone in the next six months fell to 23 per cent from 28 per cent in the year ago, "leaving a potential black hole of $20 billion".
The drastic fall in demand for mobile handsets was particularly noticeable in emerging markets where handset sales are not subsidised and incomes are lower.
"In China the demand fell from 32 per cent to 24 per cent, while in India, demand dropped from 30 per cent to just 8 per cent," TNS said, adding, "on top of delaying purchases, consumers are looking to cut back on their monthly spend as well, hurting service providers".
The study, however, pointed out that there is likely to be demand for new and improved products as early as 2010 - and mobile handset makers need to be ready for that.
"When the economic situation improves and consumer confidence is restored, the market will be flooded with buyers eager for new and exciting products," Sam Curtis, Development Manager, TNS Technology Sector said.


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Apple has today officially transitioned away from its aging press portal in favor of the modern Apple Newsroom, which combines company press releases, photo coverage and other news into one place. All links to apple.com/pr now redirect to apple.com/newsroom.
At the same time, the company has also updated its executive biography pages with a fresh design update to fit in with the company’s recent website design trends and adopts the San Francisco typeface, finally retiring the Lucida Grande font.
The default Newsroom page focuses heavily on imagery, resulting in a pretty appearance but low information density. An Archive view exists for journalists that just want to see a compact list of press releases.
The refreshed Apple Leadership page removes the extraneous surrounding chrome and focuses on the Apple executive’s photos and titles. The site now resides at a new URL: apple.com/leadership.
The design of detail pages for individual executives have also been modernized, with a simpler header and two-column text layout.
Any outdated elements present in the previous design, like the bezelled content view or janky ‘Continue reading’ pagination, have been removed.
You can see a comparison of Tim Cook’s bio page in the screenshots below.
As part of these changes, Denise Young Smith is now named as ‘Denise Young’. Her bio has not yet been updated to reflect her new role as Vice President of Inclusion and Diversity.
The update brings a cleaner look and feel to a part of Apple’s web presence that was certainly showing its age; many of the elements of the previous design hadn’t even been updated for Retina displays.
With iOS 10, Apple introduced a new application theme for stock apps like Music, News, and Home. Various parts of Apple’s website have also adopted this kind of appearance in recent months. About a month ago, Apple moved the Newsroom to a bolder San Francisco font weight too.
Little is known about Apple’s plans for iOS 11, but these changes certainly point towards a new global user interface language for Apple’s products and services. It would be great to see the new bolder aesthetics Apple introduced in iOS 10 spread to more apps in iOS 11.
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Cloudistics Launches Ignite 3.0 On-Prem Cloud Platform
FEBRUARY 8, 2017
What did Cloudistics announce with the new Ignite 3.0 version of its cloud software? Significant new additions, including:
Composable cloud: Enables customers to dynamically assemble resources from federated pools to run workloads, get a unified view of utilization and consumption and pay only for what they use. Ignite 3.0 also scales in real-time without re-architecting or disrupting applications.
Flex DR (Disaster Recovery): Ready-to-use disaster recovery that can be enabled for an application within three clicks. Flex DR includes manual and automatic snapshots with marketplace integration, stateless revert, site-to-site replication and tiered snapshot retention.
Federated Flash Storage: Delivers increased performance, including improved snapshot performance and capacity. In turn, that enables the faster data ingestion and computation needed to support modern big data and containerized applications.
Cloudistics was selected #5 out of 25 in the 2017 CNBC Upstart List
FEBRUARY 28, 2017
The inaugural Upstart 25, CNBC’s first-ever list of promising young start-ups, features a diverse group of companies that are building brands and breaking industry barriers on the path to becoming tomorrow’s household names and Cloudistics was selected #5
Cloudistics® Named an IDC Innovator for Virtual Infrastructure
APRIL 20, 2017
Cloudistics, an on-premises cloud computing company, announced that IDC has named Cloudistics an IDC Innovator in a new report, “IDC Innovators: Virtualizing Infrastructure with Software-Defined Compute, 2017 (doc #US42024817, March 2017).”
Cloudistics Named a Cool Vendor by Gartner for Cloud Infrastructure
JUNE 2, 2017
Cloudistics, an on-premises cloud computing company, today announced it has been named a “Cool Vendor” in the May 2017 Gartner “Cool Vendors in Cloud Infrastructure, 2017” report. This designation follows last month’s IDC recommendation naming the company as an IDC Innovator.
Cloudistics Announces New Cloud Computing Program That Enables High Margin Reoccurring Revenue Models for MSP’s
JUNE 9, 2017
Today at the 20th International Cloud Expo at the Javits Center in New York City, Cloudistics, an on-premises cloud computing company, announced the launch of its North America Managed Service Providers (MSPs) Program, to meet growing demand from MSPs looking for an alternative to large hyperscale public clouds. The new program gives partners the opportunity to build recurring revenues by creating, hosting, and managing their own on-premises private cloud environments.
Riding The Cloud: The 10 Coolest Cloud Startups Of This Year
JULY 11, 2017
Cloudistics came out of stealth last year looking to address the rapidly heating market for affordable and manageable on-premise cloud solutions. The startup based in Reston, Va. has developed a software-defined data center platform that simplifies deployment and operations for MSPs who want to buck the public cloud.
Cloudistics signs first distribution deal, with Ingram Micro
AUGUST 18, 2017
Reston VA-based hybrid cloud vendor Cloudistics has announced its first distribution deal, with Ingram Micro. The deal impacts both the U.S. and Canada.
Cloudistics’ technology provides a public cloud experience to on-prem users by aggregating their resources and creating pools of networking, compute, storage and VMs that are easy to administer, and cost much less than the public cloud. They tend to compete against the HCI vendors, and because of their special focus on networking, VMware attached to hyper-converged becomes a de facto competitor as well.
Cloudistics® Announces Mega-Sponsorship of Splunk .conf
2017 SEPTEMBER 18, 2017
Cloudistics, an enterprise hybrid cloud computing company, today announced its Mega-sponsorship of 2017, The 8th Annual SplunkⓇ Conference. At Booth M5, Cloudistics will showcase how its Cloudistics platform can spin up a multi-node Splunk environment in just a few minutes using a few clicks. The appliance includes integrated and high-performance virtualization that enables customers to rapidly deploy and scale their Splunk environment on the fly.
Cloudistics® Enters ROBO/SMB Market and Releases Cloudistics v3.3
OCTOBER 10, 2017
Cloudistics, an enterprise hybrid cloud computing company, today announced the release of Cloudistics FLARE; a simplified data center platform optimized for SMB, ROBO, and retail environments. At the same time, it announced the launch of Cloudistics v3.3, now featuring deduplication and wider support for a larger number of more diverse applications.
Cloudistics at the General Session for CloudExpo 2017
OCTOBER 23, 2017
The Cloudistics team exhibited at the Cloud Expo Silicon Valley held in the Santa Clara, CA Convention Center and hosted three sessions: The Better Cloud Alternative and Has someone finally delivered on Single Pane of Glass? by Jason vanValkenburgh, Director of Solution Engineering as well as, Getting Public Cloud Benefits Without Public Cloud Drawbacks by Steve Conner, VP of Sales.
Cloudistics launches channel program with separate VAR, MSP and Technology Partner tracks
NOVEMBER 16, 2017
On the heels of signing a significant distribution deal with Ingram Micro, Cloudistics has launched a channel program to support their growing partner base. The Technology Alliance Partner [TAP] component has two sub-programs, the Cloudistics OEM Program. And the Cloudistics ISV Program.


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Google Maps Street View has been an engaging time-waster for many years, though it's never been perfect. But, thanks to a new feature, it could get better at capturing obscure roads and paths going forward.
In a Thursday blog post, Google revealed a new beta feature that will allow users to submit their own photos, straight from their phones, of places that aren't adequately represented by Street View. Using the Street View app, just take a series of photos as you progress down the road you're trying to capture, and Google's ARCore tech will supposedly stitch them together to make them work as a Street View experience.
Of course, there are some caveats. First and foremost, iPhone owners are out of luck for now. You'll need an Android phone that's compatible with ARCore; luckily, that applies to just about any mainstream Android phone from the past few years. We've reached out to Google to find out if there are plans to let iOS users in on the fun and will update this article as soon as we hear back.
Beyond that, this beta feature is only available in a handful of places at the moment. Users in Toronto, Austin, New York City, Indonesia, Costa Rica, and Nigeria have access to it through the Street View app. Be patient: Google said more regions would come in the near future.
For as long as Google's had Street View vans roaming around the world, there are still plenty of places you can't virtually visit using the service. I found this out during some recent VR excursions through Google Maps data. Here's hoping crowdsourcing new Street View photos will make it a more complete experience going forward.


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However, U.S. District Judge Marilyn Hall Patel said in a ruling last week that the lawsuit could proceed, because she was worried about the possible anticompetitive impact of an, in which Amazon would run Borders' Web site and fulfill orders customers placed through it.
Patel said one section of the contract, which is similar to one Amazon inked for the online store of Toys "R" Us, is "troubling." A restriction prohibiting Borders from competing with Amazon means that "Borders could not even provide overstock books to another online marketer, even if there were no mention online that these books came from Borders," Patel said.
Schubert & Reed, the San Francisco-based law firm suing the two companies, said the contract is an example of an unlawful attempt to divvy up the market, a practice that's banned by federal and state antitrust laws and California's unfair competition law.
Schubert & Reed, which specializes in class actions and shareholder lawsuits, said its defendants have included 3M, Broadcom, Cisco Systems, Cylink (now SafeNet), DoubleClick, Macromedia, Network Solutions, PeopleSoft, Sony and Amazon (in an earlier case ). Its attorneys are demanding restitution for alleged overpayments made when shoppers purchased books from Amazon and Borders.
Patel permitted the case to proceed to trial, saying she had "insufficient evidence on this issue to make a determination at this time" about the contract's legality. But she did reject other claims that Schubert & Reed attorneys had made.
They had said Amazon and Borders were engaged in illegal price fixing, an argument Patel called "ludicrous on its face," because both Web sites list third-party sellers of the same books without any effort to control those prices.
Patel also used strong language at another point, suggesting that Schubert & Reed lawyers were trying her patience. "Plaintiff's claim that Borders.com was becoming a force to be reckoned with, based on its revenue growth rate, insults the court's intelligence," Patel wrote. "Firstly, the revenue growth rate declined dramatically from 289 percent in 1999 to 53.1 percent in 2000--at the same time that Borders.com's losses increased. Since Borders.com sold such a small relative number of books online, a large internal percentage increase does not correlate with a large increase in market share for online book sales."


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In April 2022, EVNi acquired the property located just over 15 miles southeast of Timmins. It immediately launched a diamond drilling program, which indicated resources of 1.25 million tons of contained nickel and inferred resources of 1.16 million tons of contained nickel.
"Defining this enormous maiden mineral resource for our Large Scale A Zone is a major milestone for EV Nickel," said CEO Sean Samson. "The A Zone is just the beginning of the CarLang Area because we know the host units have been identified over approximately five times the strike length."
He added that all must be considering the full potential of the CarLang Trend as this is the type of generational opportunity, which is near the surface and in an excellent location that the world needs for a supply of clean nickel to help fuel the energy transition.
As of Mar 3, EVNi's share price was up 114.29 percent a share compared to the previous five days.
On the other side of the world, Russian nickel is now being traded using the Chinese currency yuan. The vast majority of global commodity trade is still based on global benchmark prices in dollars, but analysts are saying that this is another attempt to collapse the dollar.
Brazil, Russia, India, China and South Africa, collectively known as BRICS, have already coalesced in their efforts to give birth to a new currency and kill the petrodollar. (Related: BRICS member nations are creating new reserve currency to challenge the dollar, Andy Schectman tells Mike Adams.)
Norilsk Nickel (Nornickel), Russia's number one nickel miner, is selling its metal in yuan at prices set in Shanghai. Bloomberg reported this as a sign of how the invasion of Ukraine is redrawing global commodity flows and handing greater power to China.
According to people familiar with the matter, Nornickel has sold some spot volumes to China using a mixture of London Metal Exchange (LME) and Shanghai Futures Exchange (SHFE) nickel prices and the volumes based on SHFE prices are being paid for in yuan.
The Russian miner, which supplies about seven percent of the world's nickel, wanted to support the sales to China this year because European buyers are steering clear from Russian commodities. Also, negotiations over long-term contracts are ongoing for China, which is the world's largest consumer of commodities.
While the West placed sanctions on the mining company's top shareholder and president, Vladimir Putin, no penalties have been placed on the company itself or its exports. However, the invasion of Ukraine has led to disruptions in logistics, insurance, banking and shipping, putting pressure on Nornickel to accept its Chinese customers' demands.
In January, Nornickel announced that it is likely to lower nickel output to up to five percent from last year's level of 219,000 tons as it conducts maintenance that had been put off from last year due to equipment supply issues. The company is also restructuring logistics chains with a focus on more friendly countries, primarily China, Turkey, Morocco and Arab countries.
Nickel steel is used for armor plating and batteries, including rechargeable nickel-cadmium batteries and nickel-metal hydride batteries used in hybrid vehicles. Other nickel alloys are used in boat propeller shafts and turbine blades. The silvery-white lustrous metal has long been used in coins all around the globe.
Visit Metals.news for more news related to commodities and precious metals.
Watch this video as Health Ranger Mike Adams talks about the shutdowns of smelting operations for metals, including nickel.
This video is from the Health Ranger Report channel on Brighteon.com.


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Huawei will release their flagship smartphone P20 in early 2018.
In the network appeared information about the plans for the production of smartphones Huawei in 2018.
One of the first company will present the flagship model P20, which will replace the P10.
It is the official importer of Huawei products in Israel, company alpha Telecom, revealed a road map of the brand in 2018. The presentation model Huawei Mate 10, the company’s CEO Rami Hazan said that the next Huawei flagship will be called Huawei P20.
Road map of the brand is targeted at Israel. It notes that in the first quarter to the release of the scheduled models under the code names Maya, Salina and Honor 1, the broader issue Mate Pro Mate 10 and 10 Lite. Also in the first quarter will be released a fitness bracelet A2 Honor, Huawei Libra Scale, VR camera and Camera 360 Huawei wireless router Huawei B618.
Only closer to mid-2018 in Israel promised the launch of a new flagship P-series P20 base, P20 and P20 Plus Lite. In this model Huawei P20, expected to be unveiled earlier at the Mobile World Congress in February 2018.
On the second, third and fourth quarter planned output of one model of Honor 2, Honor 3 Honor and 4, respectively. In the last quarter is also expected to update its flagship Mate and Pro Mate Lite.
© 2017 – 2019, z-news.link. All rights reserved.


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A new owner has taken charge of a Northumberland department store that has been in the same family for more than 170 years.
Chris Mitchell, general manager of Rutherfords of Morpeth, has bought the store for an undisclosed sum from the family that bears the store's name.
Current MD Richard Rutherford is the fifth generation of the family to run the store on the town's Bridge Street, but will be leaving along with his mother Audrey and his sister Anne Petrie.
Mr Mitchell - who comes from a farming family in Northumberland - has been at the store for seven years and has been running it for the past two.
His purchase of the site will see its existing 40 employees stay on, including his mother Nicola Robson, who has been part of the office team for 10 years.
He said: "Richard has been an incredible mentor to me over the seven years I have been at Rutherfords, and I am excited about putting into practice everything he has taught me. He has instilled his retail ethos and values into me, and I want to build on those for the future as the world of retail continues to change dramatically.
“I have had the opportunity to play a key role in the evolution of the department store and embrace new trends. The challenge as we move forwards is to keep the traditional feel of the department store that has been part of the fabric of Morpeth for many decades, while ensuring it continues to evolve and appeal to a wider market.”
Rutherford's dates back to 1846 when it was set up as a draper's shop by George Rutherford. The current MD has worked at the store for nearly 50 years and took over as managing director at the age of 36 following the retirement of his father, George Rutherford.
He said: “Sometimes things can’t stay the same but, in this case, although I will be retiring due to the fact there is no family to carry on, the business itself will continue.
“Over the past seven years I’ve had the pleasure of working with Chris who has brought a new energy and vision to the company. For the past two years he has run it as my CEO.
"Even though we have had interest in the business from third parties I could not have wished for a better outcome for the staff and for Morpeth. It is like passing it over to my own son.”


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The growing strength of Aldi and Lidl’s own label offering was highlighted last week after the two discounters picked up the most gold medals at The Grocer’s 2016 Own Label Food & Drink Awards.
Aldi won 19 of the 68 gold medals available at the event in London on Friday, along with 21 silvers for a host of food and drink products, many of which were from its ‘Specially Selected’ range.
Amongst Aldi’s gold-winning products are Specially Selected Gourmet Crackers with Sea Salt, Specially Selected West Country Vintage Reserve Crunchy Cheddar, Specially Selected British Cold Pressed Rapeseed Oil, Harvest Morn Maple and Pecan Crisp Cereal, Specially Selected Raspberry Conserve and Mamia Junior Raspberry Mini Rice Cakes.
Lidl picked up 15 golds with Tesco and Asda trailing behind on 12 and 10 golds respectively.
View the full list of winners and runners-up on The Grocer’s own label awards website
- Worth reminding ourselves that these were the ‘downmarket, common’ retailers that were under-estimated originally…
- However, Unilever, P&G and Nestle are finding ways onto their shelves
- Real issue is how Aldi and Lidl will manage the incremental costs of widening their own label offering


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While Toyota Corollas have the potential to accelerate suddenly and unintentionally, now there is mounting concern that they may also do the opposite: stall out while in motion.
On March 2, 2010, a Toyota executive sent a letter to the National Highway Traffic Safety Administration requesting a meeting with regulators to discuss investigating the possibility that electronic system flaws create a stall risk in about 1.2 million Corollas.
Chris Santucci, Toyota’s regulatory manager who used to work for NHTSA, told NHTSA officials in the letter that “Toyota does not believe that the alleged defect creates an unreasonable risk to motor vehicle safety.”
But if that’s the case, it seems unlikely that Toyota would preempt an investigation of potential defects, given its history of disregarding consumer complaints and evading U.S. regulators on sudden acceleration issues.
In its push to become the world’s number one automaker, Toyota abandoned its core principles of quality and integrity. After several years of making profits its top priority, the automaker ultimately achieved its goal when it claimed the top spot in global auto sales. At the same time, however, Toyota was earning another distinction for itself — the auto maker with the most recalls and the most recalled vehicles.
The company has recalled 8.5 million vehicles in just the last five months, and more are likely on the way, as this latest action suggests.
NHTSA officials say that their agency has received 26 complaints of engine stall in 2005, 2006, and 2007 Corolla and Matrix model years. So far, investigations have pointed to failures in the electronic control unit, or ECU. Cracks in soldered joints or electrical shorts could cause the engines to shut down without warning or fail to start, Toyota said.
Federal investigators are trying to determine whether electronic controls are also responsible for some of the sudden, unintended acceleration incidents that led to Toyota’s massive recalls.


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Silver Lake AMC Bond Theory Falls Short, but Still Benefits Shareholders
Tim Fries, 05 July 2021
Amid heightened margin trading requirements and greater scrutiny on GME/AMC stocks, investors continue to look under every rock for signs of institutional trickery. A theory which was notably gaining attention by retail investors stemming from a recent AMC filing and Silver Lake’s convertible notes was believed to have larger implications than what is now known.
Silver Lake’s AMC Bonds Explained
For the last couple of days, retail investors that comprise the so-called ‘meme’ stock circle of social media have been abuzz with the #AMCBonds hashtag. Although worrying at first, it didn’t quite pan out as vigilant retail traders first framed it. Continue reading “Article: Silver Lake AMC Bond Theory Falls Short, but Still Benefits Shareholders”
Musk Denies Bitcoin ‘Pump And Dump’—And Says Tesla Will Resume Transactions Once This Mining Goal Is Reached
Jonathan Ponciano, 13 June 2021
As the cryptocurrency market’s weeks-long rout continues, Tesla’s billionaire CEO Elon Musk took to Twitter Sunday afternoon to refute claims that he engaged in a bitcoin pump-and-dump scheme earlier this year and said the electric-vehicle company would once again invest in the world’s largest cryptocurrency once its mining operations constitute a “reasonable” amount of clean energy usage. Continue reading “Article: Musk Denies Bitcoin ‘Pump And Dump’—And Says Tesla Will Resume Transactions Once This Mining Goal Is Reached”
Can the US Economy Withstand a $3 Trillion Cash Injection?
Tim Fries, 12 April 2021
It is not often noted that the U.S. Treasury too injects the economy with cash flow, on top of various stimulus packages. With a precarious economic balance such as it is, excess liquidity may yet be another trigger to make inflation worse.
Controlled Demolition of the Economy
At this point, it’s safe to say this decade began with a string of anomalies colossal in scope. Novel, harsh lockdowns were introduced for a fast-spreading, largely unknown virus. This led to historic wealth transfer from workers to corporate conglomerates close to $4 trillion, not to be confused with the other historic wealth transfer from boomers to millennials. Continue reading “Article: Can the US Economy Withstand a $3 Trillion Cash Injection?”


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Krooked Skateboards has officially welcomed professional skateboarder Tom Knox to their family. Tom, who hails from London, England, is known for his smooth style and technical prowess on a skateboard.
He has been a fixture in the skateboarding community for years and is widely regarded as one of the most talented skateboarders in the world.
Krooked Skateboards, founded by legendary skateboarder Mark Gonzales, is a brand known for its unique and creative designs.
The brand has a loyal following of fans who appreciate its innovative approach to skateboarding, and Tom Knox is a perfect fit for the brand.
With the support of Krooked Skateboards, Tom Knox hopes to continue to push the boundaries of what is possible on a skateboard.
He is excited to be a part of the Krooked family and is looking forward to working closely with the brand to create innovative and exciting new designs.


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Jennifer Lopez made numerous fashion statements while performing at the 2020 Super Bowl in Miami on Sunday night.
Outfit # 1
She took the stage at Miami’s Hard Rock Stadium in a black leather bodysuit with studs under a shiny pink skirt with a thigh-high slit. To complete the look, she donned leather chaps that covered her heels as well as reflective, fingerless gloves.
Lopez’s Super Bowl outfits were all created by Versace.
Outfit # 2
The brand’s intricate designs were especially prominent when the musician removed her pink skirt, revealing the studded leather chaps and bodysuit she had on underneath, to perform “Get Right.” According to The Hollywood Reporter, it took Versace 400 hours to embellish the look.
Outfit # 3
During another quick change, Lopez removed another layer of clothing to reveal a barely there bodysuit made from sheer fabric and adorned with mirror-like jewels. She wore the ensemble to perform “Waiting For Tonight.”
According to The Hollywood Reporter, Lopez’s bodysuit was decorated with 12,000 silver sequins and 15,000 hand-sewn Swarovski crystals.
Outfit # 4
As her daughter Emme Anthony took the stage to perform a slowed-down version of “Let’s Get Loud,” Lopez wrapped herself in a feathered cape designed to look like the American flag. When she extended her arms, she revealed that the garment was reversible, with one side designed to look like the Puerto Rican flag.
Outfit # 5
Of course, this wasn’t the last of Lopez’s stunning outfits. During her performance of “Let’s Get Loud,” Lopez removed the fluffy outerwear to show that she’d added a metallic harness-style salsa suit covered in sparkling fringe to her sheer bodysuit. The outfit complemented a gold two-piece ensemble worn by Shakira, who also performed during the halftime show.


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In an announcement today, publisher Eidos has revealed plans to release a special edition of Tomb Raider later this year to celebrate Lara's 10th birthday - or rather, a special edition of one Tomb Raider or another.Exactly which of Lara's escapades will be getting the special edition treatment hasn't been explained; could Eidos be remaking the original Tomb Raider?
Tomb Raider Legend is due for launch in a few months, making it unlikely that this special edition is a full, newly developed game. Plus, the brilliant design and atmosphere of Lara's first adventure mean it's still one of the high points of the decade-spanning series and a remake would be hugely popular.
Eidos has yet to clarify the situation, which will no doubt spark heated rumors and discussion until they do. In the meantime,we'll be closing our eyes and wishing hard for a combinationremake of the first two Tomb Raider gamesuntil we're shown otherwise.


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NEW YORK (AP) — Nordstrom, the department store operator, says it rejected a buyout deal from members of the Nordstrom family, calling the offer “inadequate.”
The family members, including co-presidents Blake, Peter and Erik Nordstrom, offered $50 in cash for each share of the company. The family has about a 30 percent stake in the company.
A special committee for the company’s board of directors says it rejected the offer and says it will stop discussions with the family members unless they can increase the price.
Shares of Seattle-based Nordstrom Inc., which closed at $51.90 on Monday, fell 3 percent in extended-trading.


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While talk of Apple actually manufacturing its own physical TV appears to have abated somewhat lately, the Apple TV set top box device that functions as a video store and media hub for many clued in users but often spoken of modestly by Apple CEO Tim Cook and Apple’s senior vice-president, Industrial Design, Jonny Ive as a mere ‘hobby’ is anything but.
Sales of the Apple TV hub are on track to double to beyond 5m in 2012 and speaking at an All Things Digital conference earlier this year, Cook said he intends to keep on pulling on the string to see where the Apple TV adventure takes the company.
The big news from Silicon Valley today is that Apple’s senior management is in talks with some of the biggest US cable operators about allowing consumers to use the Apple TV as a set top box.
Let’s be honest, the Apple TV is damn good tech
The diminutive little device packs a serious technological punch as most users can attest. It allows you to download the latest movies and TV box sets, interact with your iTunes music and videos, watch Netflix and at present select TV channels.
However, until users have used the device they have to be convinced, but it is easy to see why Apple’s top brass are intrigued by its potential.
Anyone familiar with Apple products usually has to lift their jaw off the floor the moment they power it up and witness their beloved TV take on the appearance of a top-grade Mac.
The user interface is stylish and simple, and there is clearly loads of room to deliver actual TV channels as apps. As a wireless device it works seamlessly with other Apple devices.
You have to admit it is an interesting space that has yet to soar. Microsoft’s Xbox 360, for example, also functions as an entertainment hub as does Sony’s PlayStation 3, and there have been examples of convergence with TV operators, such as Sky, BBC and RTÉ.
UPC has still to deliver its fabled Horizon set top box that also functions as a digital lifestyle hub, Google’s Google TV has been given a second life and we’re all waiting to see what becomes of the Nexus Q from Google. Players like TiVo and Samsung also have set top box products in the market and satellite broadcasters like Sky have developed niche 3D and HD offerings through their own-designed set top box products.
In addition, TVs themselves are becoming better connected, such as the latest offerings from Samsung and Panasonic. The impressive Samsung E8000 includes motion and gesture controls and has a built-in video camera for Skype calls.
It’s a crowded space that Apple is targeting and I’ll be curious to see if these talks with cable operators bear any fruit.
It’s likely they will be suspicious of Apple’s intentions and whether it will compete with them in the on-demand content space. They will want to avoid the ‘dumb pipe’ perception that haunts many telecoms operators in an increasingly Googlised world.
But there is a lot of good Apple can do here, too. Most people still can’t live without their TV despite the rise of tablet computers like the iPad, yet they are dissatisfied with the lack of progress – real progress – in terms of TV technology.
The TV model is broken, someone has to fix it
The TV apps marketplace has yet to truly emerge and the commercial applications allied with social layers applied to live programming present mind-boggling opportunities.
But no one has succeeded in tying these things together very effectively. Apple has already been here in terms of fixing the music model, with the iPod and iTunes, the state of mobile phones with the iPhone, and has effectively re-invented computing with the iPad and the MacBook Air.
Could it do the same with the TV? There are two ways this could play out: Apple could proceed slowly and steadily with its ‘hobby’ and convince broadcasters to embrace the Apple TV and all the time adding compelling new functions and services; or it could, as many have hoped, reinvent the television with a set of its own design.
Whether it wants to admit it or not, TV is no longer a hobby for Apple.


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Condor Ferries has decided to cut passengers from one of its routes in a bid to supply more goods to the Channel Islands in response to the coronavirus outbreak.
No passengers will be able to travel from Portsmouth with Condor on board the Commodore Clipper over the next four weeks.
From next week, the Clipper will only carry unaccompanied goods only, which the ferry firm says is aimed at ensuring continuity of the supply chain to Guernsey and Jersey.
Passengers and their vehicles booked on the Clipper over the period will be moved onto the Poole route.
Condor says it is also looking at providing additional freight resources as a back-up for the islands.
Pictured: Condor's CEO Paul Luxon.
The company added that it is stepping up procedures across Guernsey, Jersey, Portsmouth and Saint Malo to ensure all freight is handled in a sterile way, involving no personal contact with customers in each location and enhanced ship-to-shore practices.
These are unprecedented times for our industry, so we are taking prudent measures to ensure lifeline freight services to the Islands are maintained,” Condor CEO Paul Luxon commented.
“It is crucial that all the right steps are taken and we are in direct and detailed dialogue with both the States of Guernsey and States of Jersey on this.
“We fully understand that the change may be inconvenient to some passengers but are working in the best interests of the Islands as a whole and feel this is the best option available to us.”
The news comes as reports of panic-buying sweep the islands.
Pictured: Empty shelves in Waitrose.
Supermarkets and pharmacies are selling out of supplies of hand sanitiser and soap, while supermarkets have also been hit particularly hard in their toilet roll departments.
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The economic downturn brought about by the current health crisis is unlike any previous slowdown in recorded history, experts say. While some businesses plummeted, others (and especially tech startups and Big Tech) have grown significantly.
Do you remember how regular cell phones gave way to smartphones? Gradually, smartphones ousted their predecessors from existence.
Because of the pandemic, live events have been put on pause. Some companies have been trying to use VR to deliver entertainment content to viewers. However, before this mode of event participation is widely accepted, there are obstacles to overcome.
With social distancing measures still in effect in most places, sports leagues and teams have been trying to recreate fan presence through a variety of tricks.
What’s happening today in the pandemic-stricken world reminds one of Isaac Asimov’s book The Naked Sun. In the novel, the Solarian people communicate through holograms, avoid all physical contact, and have all their chores performed by robots.


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The opportunity for investors to capitalize on growing wealth and consumerism in emerging markets is a theme that has received plenty of attention in recent years. However, political and policy risks have demonstrated that putting money into high-growth emerging markets isn’t without potential downfalls.
Nonetheless, the consumption story is hard to look past. Real consumption growth in emerging markets has averaged 7.0% annually since 2007 – ten times that of the United States during the same period.
tap here to see other videos from our team.
While Bank of America Merrill Lynch expects consumption growth will slow to 6.0% in 2012, the firm’s global equity strategists note that emerging market savings have been rising, giving consumers more discretionary income.
“While developed market consumers face the prospect of government deleveraging and lower trend economic growth, emerging market consumers are often still experiencing rising incomes and improving living standards,” they said in a report. “Even as emerging market GDP and consumption growth moderate over the next five years, we think the emerging market consumer theme will remain compelling.”


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22nd Aug 2017
With the launch of Android Oreo, Google’s latest OS, coinciding with the total solar eclipse in the United States, Twitter users came together to react to the launch event and trolled the latest Android 8.0 Oreo.
While Android Oreo launch event lasted only for a few minutes, with nothing much special apart from the unveiling of the statue of Oreo’s mascot, many Twitter users were finding it rather underwhelming and pretty short for a grand launch.
People also started tweeting about the coincidence of total solar eclipse and Oreo’s launch. They even used metaphors to troll the launch. This one by Nick Felker, is the best we could find — “Did you see the #Eclipse2017 today, when #androidoreo blocked out the sun?”
While many Twitter users were busy reacting to the launch event, some were pretty productive as well. They started predicting names for Android P as well — ParleG and PeanutButter.
And… others were in-fact pretty shocked that Google actually named the new OS as Oreo, while few others were a bit worried about naming rights.
Now, this is one Twitter user who actually took out his time educating others about the history of Google Android versions. Don’t know about his history scores in his academics, but he definitely rocked it here!
Here’s How Twitter Users Reacted To Android Oreo Launch
Some trolled the company, some were excited, and some were predicting the names of future Android versions — what a crazy world we live in.
- Noise announces its new Qualcomm Powered Bluetooth Neckband
- Skullcandy Launches Noise Reduction Earbuds at RS. 7999
- Zebronics launches TWS earphone “Zeb-Sound Bomb”
- HiFuture launches the longest battery true wireless earbuds in India
- Digisol Launches Smart Switch for Smart Cities
- Airtel announces Revised Tariffs for Mobile customers
- Portronics launches iLUMI, an LED lamp with inbuilt Bluetooth Speaker
- Toreto launches its Remix Series of “USB Wall Charger” with Built-in Bluetooth Speaker
- Launching FINGERS LivMusic Wireless Neckband - Live, Breathe and Absorb Music Non-Stop!
- Techno Launches New Smartphone at Rs.8499


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- Bowery Farming raised $300 million in a funding round that values the largest vertical farming company in the U.S. at $2.3 billion, the company said in a statement.
- Bowery will use the money to build more smart indoor farms, recruit and hire staff and support ongoing research and product innovation efforts to expand beyond leafy greens, kale and basil. The latest investment round was led by Fidelity Management & Research Company. Other investors include GV, the investment arm of Google, singer-songwriter Justin Timberlake and actress Natalie Portman.
- Indoor agriculture has been among the most popular places for investors to put their money during the past year as fresh, locally grown lettuce, tomatoes and other produce have become more popular among consumers looking to eat healthier.
While agriculture has been largely confined outdoors for centuries, investors are betting big that indoor farming will be the future by applying big values to young startup companies.
AppHarvest, the only one of the bunch to go public so far, has seen its value rise from about $1 billion at the time of its special purpose acquisition company (SPAC) deal in 2020 to more than $1.5 billion today. Vertical farming company AeroFarms announced in March it also would use a SPAC to go public. The new company is expected to have an estimated equity value of about $1.2 billion. Other indoor farming operations that have raised significant amounts of money include Revol Greens and BrightFarms.
According to PitchBook data cited by Reuters, nearly $1.9 billion of global venture capital was invested in indoor farming in 2020, nearly tripling the level in 2019.
In the case of Bowery, the New York-based company would command a whopping valuation above $2 billion. The fast-growing business sells its products in more than 850 stores including Albertsons' Safeway and Acme chains, Walmart and Whole Foods Market. As it builds new farms, invests in expensive technology and hires more staff — all while expanding into other forms of produce like strawberries or tomatoes — Bowery will need plenty of cash.
"This infusion of new capital from Fidelity, other new investors, and the additional support of our long-term investor partners is acknowledgement of the critical need for new solutions to our current agricultural system, and the enormous economic opportunity that comes with supporting our mission," said Irving Fain, Bowery's CEO.
The mission of indoor facilities like those operated by Bowery mirror many trends that are important to consumers today. They can grow produce all year round and do so using less water and without pesticides. The facilities also can be close to cities — cutting down on energy used to transport the produce and feeding large amounts of people in the process — or areas of the country that otherwise would be difficult to serve.
Bowery, founded in 2015, is currently transforming an industrial site in Bethlehem, Pennsylvania, into its largest, most technologically advanced and sustainable farm, expanding its reach further into the Northeast and Pennsylvania region. Bowery will be breaking ground on other large-scale commercial farms in 2021, and is actively engaged in identifying new farm locations in the United States with an eye toward global expansion.
With demand for produce and interest in how it is grown rising, indoor farms are in a race to obtain a first-mover relationship with many retailers and consumers.
Striking first could pay dividends down the road as stores decide to display indoor farms' produce in more locations or carry more varieties of their vegetables and fruits. Indoor farms need to have multiple greenhouses to not only grow numerous kinds of produce but also serve retailers in many regions throughout the country at the same time. They can't afford to sit idle, and have little choice but to move quickly.
Correction: The facilities Bowery Farming operates was misstated in a previous version of this story. The firm is a vertical farming company.


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Most forms of advertising and communication, such as TV ads, company websites, and promotional emails, have all seen a decline in trust among UK consumers over the last two years, according to new research.
The study, from Nielsen’s latest biennial Global Survey of Trust in Advertising, polled 30,000 online respondents in 60 countries.
In the UK, the format hit by the biggest decline in trust was editorial content (down 8% points to 54%) followed by emails that consumers sign up for (down 7% to 56%) and newspaper and radio ads (both down 6%).
Change in trust of ad formats
Of the 19 ad formats covered in the report, only the three least trusted – mobile ads, text ads on mobiles and ads on social networks – have increased in trust over the last two years. Thirteen experienced a decline, while three were unchanged.
So, what can brands do?
“There isn’t one simple rule for maximizing advertising effectiveness in a saturated market like the UK, but understanding how consumers feel about the ads they’re served on various media platforms is a good starting point,” explains Nielsen’s EVP of marketing effectiveness for Europe, Terrie Brennan.
“While advertisers have started to follow consumers online, about a third of online advertising campaigns don’t work – they don’t generate awareness or drive any lift in purchase intent. More than ever, consumers are in control of how they consume content and interact with brands, so understanding ad resonance across screens is now the only way to successfully drive memorability and brand lift.”
Personal recommendations most influential
Personal recommendation (trusted to some degree by 81% of UK respondents) remains the most trusted form of advertising or communication, with the credibility gap widening between it and other formats. It now stands alone as the only format trusted by more than 60% of UK respondents – an accolade shared by some five formats just two years ago.
‘Consumer opinions online’ (58%) is now the second most trusted format (up from fourth two years ago) and is followed by ‘emails signed up for’ and TV ads (both 56%).
Most trusted ad formats
Online video ads and online banner ads have a lower trust rating than traditional ad formats, but their credibility has held up over the last two years, while trust in TV ads has fallen.
Brennan again: “Brands have generally increased their digital ad spend as they’ve become more comfortable with digital advertising and measurement, but TV formats still deliver the highest unduplicated reach (ie, the ad reaches each audience member only once) of 85-90%.
Digital ads can offer considerable benefits – such as precision-focused campaigns, in-flight adjustments and more creative options – but moving from TV to an all-display digital plan is a bold move for any marketer. A mix of both offline and online channels usually offers the best ROI.”
Nielsen’s Global Trust in Advertising survey reveals that Britons are generally less trusting of all types of advertising compared to the global average, but generally more trusting than Europeans as a whole.
Ad formats most conducive to taking action
Personal recommendation is the format most likely to lead to some form of action being taken by consumers (cited by 71% of respondents), followed by opted-in emails (62%) and TV ads (53%).
Generally, people are more likely to trust an ad format than take action as a result of seeing it. However, three ad formats buck this trend. Opted-in emails are more likely to engender action than trust (62% take action vs. 56% trust), as are ads in search engine results (43% vs 38%) and mobile text ads (28% vs. 27%).
“The formats where action exceeds trust by the greatest margin share a common attribute: easy access to the product or service,” says Brennan. “You like it, you buy it. Online and mobile formats make it exceptionally easy for consumers to live in the moment and take quick action on the ad. Often, consumers simply click a link and they’re directed to a place where they can receive more information or purchase the item.”


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Web and mobile device users have little understanding about how much of their personal data is collected online, making it difficult to rely on free-market competition for solutions to privacy concerns, privacy experts told the U.S. Federal Trade Com...
New U.S. legislation intended to shut down foreign websites that infringe copyrights would cause major headaches because it would allow copyright holders to target legitimate Web services with "thousands" of court orders, an e-commerce trade group sa...
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- OnePlus’ Nord Buds CE TWS earbuds will be launched soon.
- The company will launch it at the end of the month or in early August.
- At present, the company has not disclosed the features of the earbuds.
New Delhi. OnePlus Nord Buds CE TWS earbuds will be launched in India soon. OnePlus announced this today. Although the company has not disclosed the launch date. It can be launched at the end of the month or in early August. The company said that Nord Buds CE will strengthen Nord’s hold in the entry-level TWS segment.
Significantly, OnePlus is preparing to launch the OnePlus 10T flagship phone on August 3. In such a situation, the company is likely to launch these Nord Buds CE with the phone. It can be economical as compared to other products. OnePlus Nord Buds CE will support Bluetooth 5.2 for connectivity.
A teaser shared by the company suggests that the Nord Buds CE will come in white color, although more options may be available at launch. Nord Buds was initially launched in Black and White. OnePlus recently added a third option called Blue Agate.
Specifications of Nord Buds
OnePlus has not yet revealed the specifications of the buds. The company can give more details about its hardware and design before the launch. Notably, the Nord Buds come with a 12.4mm Titanium Dynamic Driver and support Dolby Atmos playback. These wireless earbuds come with 4 microphones. It uses AI-powered noise reduction algorithms.
30 hours playback
They are rated to deliver up to 30 hours of playback on a single charge. Individually, the earbuds can last up to 7 hours. In these, support for fast charging has been given. According to OnePlus, it can provide 5 hours of audio playback after 18 minutes of charging. They are IP55 or sweat resistant.


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The political shift in the US is expected to impact American and global futures in countless ways.
From correcting inefficiencies to making room for innovation, every healthcare system experiences continuous change – especially during a pandemic.
The Great Instability is the label we chose last year to describe the fragility of modern society.
Relations between the US and China have deteriorated significantly during the Trump administration and this decline is gathering pace.
In the aftermath of the Global Financial Crisis (GFC), central banks worldwide were applauded for their innovative monetary policies.
Newer, greener, and soon even cheaper: electric cars are exponentially gaining traction, reshaping the global motor industry.
Risk will always be an integral part of the investment process. The industry has become increasingly sophisticated and adept at managing risk within portfolios.
Panic-buying at the start of the pandemic forced us to recognise that the food supply chain is perhaps not as stable as we assumed.
Water is generally not something we have to think about. We turn on a tap and a supply of clean, drinkable water is available.
The world is constantly evolving, and nowadays this change is a catalyst for unprecedented technological innovation.


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The Motion Picture Association of America and the Independent Film & Television Alliance have thrown themselves into the $1 billion standoff between Viacom and Google.
The entertainment company is currently appealing asking a federal appeals court in New York to reverse a lower court's decision that found Youtube had not violated copyright law. Google owns the video site, and maintained that it promptly removed any content that was found to violate copyright laws.
In an amicus brief, the MPAA and the IFTA, two of Hollywood's largest trade groups, said that by dismissing Viacom's claims, the lower court had encouraged Internet piracy.
"The decision of the lower court, if not overturned, will allow businesses to profit by inviting massive amounts of online copyright theft and avoid liability simply by turning a blind eye to the direct, illegal effects of their business models,” said Daniel Mandil, general counsel and chief content protection officer of the MPAA.
In the court filing, the MPAA says the court's decision contradicted the Digital Millennium Copyright Act and the Supreme Court decision in MGM vs. Grokstar. Passed in 1998, the copyright act criminalizes the digital distribution of copyrighted works.
In "Grokstar," the Supreme Court found that the software company had violated the law by allowing users to trade copyrighted material through peer-to-peer sharing.
The MPAA isn't the only organization weighing in on the battle between big media and big tech. Earlier this week, the American Intellectual Property Law Association filed a brief asking the court to uphold the lower court's decision and reject Viacom's arguments.


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Square Enix is a hard publisher to figure out. It expressed disappointment with certain franchises, despite the best efforts by the studios that made them. Perhaps that makes Square the problem then – and now the studios will actually get a chance to shine under a different publisher.
Today, it was announced that Square Enix has sold three of its top studios to Embracer Studios – Crystal Dynamics, Eidos Montreal and Square Eidos Montreal, the last two which will likely be renamed. As part of the $300 million deal (yeah, only $300 million), “over 50 games” will be
included, such as Tomb Raider, Deux Ex and Thief. There’s no word if Marvel properties will be part of the deal, but it doesn’t look likely.
That said, Western operations for Square Enix studios will continue with franchises like Outriders, Just Cause and Life Is Strange, though the future of said franchises is still up in the air.
That continues Embracer Studios’ push to keep up with the “bigger players” in the gaming market – Sony and Microsoft. Previously, Embracer had picked up a number of studios, including THQNordic, Deep Silver and its many developers.
Tomb Raider had done remarkably well for Square, selling over 85 million copies in all worldwide. Likewise, despite disappointment in the game’s launch performance, Guardians of the Galaxy did really well following its release as well, though Square probably underestimated what its team was capable of. Here’s hoping Embracer, erm, embraces what they can do much better.
We’re giving away a game console of your choice! Find out how to win here.


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Gamepressure.com News 08 January 2023
STALKER 2 Introduce Women; Gender Equality Arrives in the Zone
Kamil Kleszyk, 08 January 2023, 21:15
The year 2023 is expected to bring the coveted release of STALKER 2: Heart of Chornobyl. Interestingly, the new project by GSC will finally introduce fair sex to the Zone. The memorable discovery was made by one of the Internet users on the game's latest trailer.
Steam has Grown Again; Two More All-time Records
Kamil Kleszyk, 08 January 2023, 21:11
Valve executives have reasons to celebrate. It turns out that Steam is gaining popularity. This, in turn, translates into subsequent records.
Skellige in The Witcher 3 With HD Reworked NextGen
Adrian Werner, 08 January 2023, 21:09
The creator of The Witcher 3 HD Reworked Project mod has released an impressive video showing the model and texture improvements that the next edition of the mod will offer.
The Settlers: New Allies System Requirements
Adrian Werner, 08 January 2023, 20:58
Blue Byte and Ubisoft have finally released the system requirements for The Settlers: New Allies.
Fan Remaster of Command & Conquer: Tiberian Sun Got New Version
Adrian Werner, 08 January 2023, 20:56
We lived to see a new version of Tiberian Sun Client, a fan-made free-to-play game that refreshes the iconic RTS from the Command & Conquer series.