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‘Finally, a Real Business Use for Google Glass’ – ‘Mashable’
The latest post on ‘Mashable’ is titled “Finally, a Real Business Use for Google Glass”.
Chris Taylor says, “Google Glass may be great for taking videos on the fly, and getting directions without bumping into people on the street. Beyond that, the wearable device has become something of a tired novelty, thanks to widespread privacy concerns and an array of self-aggrandizing characters in the Glass Explorer program. (Even reliable tech booster Robert Scoble has declared he’s no longer interested in using Glass.)
But there’s surprisingly good news for Google in that most mundane of business environments: the warehouse.
An e-fulfillment company in the Netherlands called Active Ants, which ships products for 50 online stores, gave Google Glass to its stock pickers. They’re the guys who take stuff off the warehouse shelves, check it off an inventory list and ready it for shipping”.
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Hansford Sensors, one of the world’s leading manufacturers of high performance industrial accelerometers, has been recognised for its export achievements, winning a prestigious EEF Future Manufacturing Award, in the South East region.
The EEF Future Manufacturing Awards celebrate the success of manufacturers across the UK and attract a high standard of entries from some of the country’s leading industrial companies. Among these, Hansford Sensors has stood out for its longstanding focus on building an extremely successful UK manufacturing business, which currently exports 90% of its products worldwide.
Managing Director, Chris Hansford, is delighted with the recent award: “Over the last few years we’ve transformed our business, opening subsidiaries in Germany, Poland, India and the USA, while working with carefully selected partners in many other countries. We’ve also developed an extremely effective sales, marketing and technical support programme, which enables us to help customers meet the challenges of vibration monitoring in a wide range of demanding industrial applications.
“As a result, we’ve built our export business from just 20% of turnover, to over 90%. At the same time, we’ve increased sales by around 20% year on year, doubled the size of our UK production and customer support operation and created a growing number of engineering, managerial and administrative jobs.”
Hansford Sensors will now be going forward to the National EEF Future Manufacturing Awards in December.
Learn more about the Hansford Sensors at www.hansfordsensors.com.

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In this year’s edition of Impacts and Insights, we’re deep-diving into circularity. What does this actually mean for IT products — and how can the circular economy be implemented on the ground, when you procure and use IT products? What stands in the way for circularity and how can these obstacles be removed? To answer
The report Impacts and Insights 2019 measures sustainability progress among brand owners with IT products certified according to TCO Certified.
The report, Impacts and Insights, measures the most recent effects of the latest generation TCO Certified. The criteria focus on increased brand owner responsibility for supply chain working conditions and conflict minerals initiatives along with a new approach to identifying safer flame retardant chemicals. The current generation of TCO Certified, launched in November 2015, places greater overall responsibility for product and factory compliance on brand owners.
A new report takes a closer look at sustainable public purchasing and examines common myths associated with including sustainability factors in the process.
Swedbank’s values-based, risk assessment approach to IT purchasing led to choice of TCO Certified as sustainability criteria in their purchase of 10 000 notebook computers.
Increasingly, IT-using organizations are looking for computer products that are environmentally preferable and made under socially responsible conditions. Yet, shorter product cycles and growing demand for new technologies puts increasing pressure on industry and its complex supply chain to deliver new devices faster and at a lower cost. The result is often inadequate working conditions in electronics manufacturing, including long working hours, low wages and a lack of health and safety measures. The problem is widespread and well publicized through media and NGO monitoring.
Almost all IT products contain plastics. But, the use of new or “virgin oil” plastics is connected to a number of sustainability problems, including Co2 emissions, high resource use in manufacturing and the threat of hazardous petrochemicals affecting human health and the natural environment. Today only about 10% of plastics from durable goods is recycled, further adding to these threats and the global e-waste crisis. A new background report from TCO Development calls for an increase in the use of post consumer recycled plastics in IT products.


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Sunday 18 September, 4pm
Title: Kidesign: Inspiring the next generation of designers
Speaker: Dejan Mitrovic
Outline: Dejan Mitrovic is the founder of Kidesign, a creative startup that specialises in games and toys that teach children about design, technology and innovation. Since 2010, Kidesign has been pioneering projects and workshops for children, with the use of new technology such as 3D printing. Dejan will talk about the importance of design and creativity for young children, how this has been changing in the recent years and where the market is heading and also present Kidesign's approach to educational toys and games. At the talk, Dejan will also reveal a brand new toy product by Kidesign, that will be launched in October 2016!


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Newton's law pulls at Apple
Is Apple about to mention that dreaded word on the stock exchange: "correction"?
After rising about 45% this year, its shares surpassed $600-billion in value just six weeks after hitting $500-billion, making it the most valuable company in the world.
But Apple stock tanked last week.
"Time to cut back on Apple?" asked the Wall Street Journal, adding that, "investors got a scare on Monday when Apple, among the best-performing stocks of 2012, tumbled 4.2%, capping a five-day stretch during which it lost 8.8%. The stock continued its slide later in the week, finishing down 10% on Friday from its all-time high."
The headline on msnbc.com was: "Apple's share price stops defying gravity", reporting that "a five-day losing streak. has led some investors to ask if the meteoric rise in the company's stock price is running out of steam".
Apple has led a charmed life on the stock market in recent years, fuelled by a seemingly insatiable demand for its products - the latest of which (the third-generation iPad) goes on sale in South Africa on Friday.
Expectations, based on previous years, are that it will fly off the shelves like all previous models and all other Apple products.
The world has a love affair with anything Apple, to be sure. It's like unconditional love. Apple can seemingly do no wrong. Its share price rises are often described as "meteoric" and reviews of its products - including in my Stuff magazine - are almost always favourable and positive. So what just happened?
Possible triggers include a malicious software (malware) attack on its Mac computers that infected some 600 000 machines - or one in a hundred, according to some estimates - and Apple and five book publishers were implicated last week in an anti-trust suit by the US Department of Justice, over eBook pricing. There were rumours that Apple might make a cheaper "iPad mini", a product the late Steve Jobs himself canned. Jobs was never averse to dismissing rumours that a product was to be launched: remember how he panned video on an iPod?
Apple said last month that it would pay its first dividend in more than a decade and plans a $10-billion share buy-back. Could that have spooked investors?
Then there is the continuing bad press about working conditions at Foxconn, the Chinese mega-manufacturer of Apple's gadgets; and the green credentials of its cloud-based storage services.
Apple continues to be enveloped by the "reality-distortion field" Jobs used when talking up the company's products and this has seemingly extended to its share price - analysts have speculated it will become the first $1-trillion company after it became only the fifth to cross the $500-billion mark.
There are two things at play here. No one disputes the quality or obvious desirability of its products - just ask FNB, which has sold 1800 iPads a week after it began offering them to account holders. Yes, a bank selling iPads.
The second is the halo-effect, not of the iPod, iPhone or iPad, which is enabling Apple to sell more Mac computers, but around its share price. The reality distortion field is as strong around these shares and the way Apple captures the great capitalist-entrepreneurial dream that Jobs represents. A mythology surrounds the "meteoric" rise of Apple shares since Jobs returned to an almost bankrupt company. He solved the innovator's problem by creating new, wondrous gadgets and steered it into the market-valuation stratosphere.
As much as he deserves the credit, and as good as the products are, the hyperbole apparently couldn't make the fairytale last. Is this a correction or just a blip? As with all things Apple, it's hard to separate reality from hyperbole. That, perhaps, is Jobs' greatest legacy.
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ViewSonic to launch hi-tech displays
Dubai, January 8, 2008
ViewSonic Corporation has expanded its display technology innovations and is set to launch its new business and consumer product designs in the Middle East market.
ViewSonic is a leading global provider of visual display products.
In conjuction with the Consumer Electronics Show (CES), the company will showcase over a dozen new displays that push the boundaries of colour reproduction and image quality.
"These include desktop LED and LCDs; a broad line of true high definition (HD) 1080p HDTVs, a complete line of digital photo frames and a high-end home theater projector," said Alan Chang, managing director of ViewSonic Americas, Europe and Asia Pacific regions.
"Viewsonic has expanded its display technology innovations from the desktop to any room in the home with ease, style and affordability," he added.
"With new designs and enhanced feature sets, ViewSonic continues its heritage of display technology leadership. The VLED221wm, a 22-inch widescreen desktop monitor, leads the pack with the world’s first 12000:1 dynamic contrast ratio in a LED desktop display.
In addition, the Pro8100 home theater projector – the first in ViewSonic’s Precision Series – combines a proprietary image enhancement technology with leading-edge video processing for the highest quality and performance available in the market.
“ViewSonic’s 2007 ‘Big and Wide’ campaign set the pace in the Middle East by providing home and commercial users as well as gamers with the latest widescreen large format displays, ultra-portable projectors and new home cinema products,” said Aaron Fright, Regional Manager, ViewSonic Middle East & Africa,
“With the introduction of new product ranges to expand our portfolio, we are confident that ViewSonic will continue to build our share of the market across the Middle East through 2008.”-TradeArabia News Service


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ADVISORY | Oct 31, 2018:
It is learned that General Public are receiving SMSs / emails from unknown sources that they have won lottery of several pounds / dollars / crores and thereby lured & cheated to deposit money as registration fee, processing fee, claiming fee, etc.
It is also found that bank accounts of many people are being misused for fraudulent purposes by fraudsters, criminals all over the country.
The economically backward people, un-employed youths, villagers are lured by criminals to sell their banks accounts, ATM cards for petty sums.
The criminals even sponsors for opening of bank accounts and innocent youths, villagers are asked to open bank accounts in multiple number of banks.
These bank accounts and ATM cards purchased from the innocent people are in turn taken to big cities like Delhi, Mumbai, etc and sold to fraudsters of foreign origin, including Indians.
The criminals / fraudsters use these bank accounts for financial frauds by way of asking the innocent victims of Lottery, Job, Facebook, SMS fraud, etc., to deposit the money into these accounts as registration, processing fees, claiming fees, customs duty fee, etc.
The money deposited is immediately withdrawn by the criminals using ATMs.
Hence, the general public are advised to ignore such SMSs and not to fall prey to these kinds of frauds.
They are also advised not to sell their Bank Accounts (Passbook), ATM cards and also not to allow strangers to use their bank accounts for depositing & withdrawal of money, which may lead to legal action against them.
In case anyone has knowledge of people buying bank accounts, ATM cards, etc., the same may be informed to the nearest Police Station or Cyber Crime Wing, CID, Meghalaya, Shillong.
Contact Details : SSP (CID) – 0364-2215701; Cyber Assistance Cell (CAC)-0364-2504001 / 9402519391 / email@example.com Spl. Superintendent of Police (CID), Meghalaya, Shillong.


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FY2016 EPS Estimates for Tyson Foods Inc. Raised by Credit Agricole SA (TSN)
Tyson Foods Inc. (NYSE:TSN) – Analysts at Credit Agricole SA boosted their FY2016 EPS estimates for Tyson Foods in a note issued to investors on Monday. Credit Agricole SA analyst J. Scott now anticipates that the brokerage will post earnings per share of $4.67 for the year, up from their previous forecast of $4.55. Credit Agricole SA currently has a “Outperform” rating and a $82.00 target price on the stock. Credit Agricole SA also issued estimates for Tyson Foods’ FY2017 earnings at $5.11 EPS and FY2018 earnings at $5.22 EPS.
Several other equities analysts have also recently issued reports on TSN. Vetr cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective on the stock. in a research note on Wednesday, June 22nd. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Jefferies Group lifted their price objective on shares of Tyson Foods from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 15th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $72.00 price objective (up previously from $68.00) on shares of Tyson Foods in a research note on Friday, August 5th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Tyson Foods in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Tyson Foods has an average rating of “Buy” and a consensus price target of $67.88.
Tyson Foods (NYSE:TSN) traded up 1.32% during midday trading on Tuesday, hitting $71.43. 2,065,365 shares of the stock traded hands. Tyson Foods has a 1-year low of $42.89 and a 1-year high of $77.05. The company has a 50-day moving average price of $74.59 and a 200-day moving average price of $69.19. The firm has a market cap of $27.29 billion, a P/E ratio of 17.37 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. Tyson Foods’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share.
A number of hedge funds have recently bought and sold shares of the stock. Washington Trust Bank boosted its stake in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock worth $107,000 after buying an additional 31 shares during the period. Evercore Wealth Management LLC boosted its stake in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock worth $119,000 after buying an additional 323 shares during the period. Financial Architects Inc boosted its stake in Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock worth $122,000 after buying an additional 1,685 shares during the period. IFP Advisors Inc boosted its stake in Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock worth $130,000 after buying an additional 359 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Tyson Foods during the second quarter worth $156,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
In other Tyson Foods news, insider Donnie King sold 146,641 shares of Tyson Foods stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $75.75, for a total value of $11,108,055.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Noel W. White sold 74,934 shares of Tyson Foods stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $75.44, for a total transaction of $5,653,020.96. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 14.53%.
About Tyson Foods
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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FTC is forcing tech firms to kill their algorithms along with ill-gotten data
When the FTC in May settled its case against Everalbum, maker of a now-defunct mobile photo app called Ever that allegedly used facial recognition without getting people’s consent, the agreement featured a new type of requirement that addresses the realities of how today’s technologies are built, how they work and how they make money: it would have to delete the models and algorithms it developed using the photos and videos uploaded by people who used its app.
Machine-learning algorithms are developed and refined by feeding them large amounts of data they learn and improve from, and the algorithms become the product of that data, their functions being a legacy of the information they consumed. Therefore, in order to make a clean sweep of the data that a company collected illicitly, it would also have to wipe out the algorithms that have ingested that data.
Source: Why the FTC is forcing tech firms to kill their algorithms along with ill-gotten data


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Automakers Blitz Congress to Fix an EV Tax Credit They Can’t Use
Payne Institute Director Morgan Bazilian contributed to this article about how automakers including Ford Motor Co., General Motors Co. and Toyota Motor Corp. are making a last-ditch lobbying push to change Democrats’ proposed new spending bill over concern that they stand to lose out from strict new limits on electric-vehicle credits. The extension on credits also included tough new limits on how much the EVs can cost, how much income their buyers can earn, and where the batteries and vehicles are made. With the Senate seeking to pass the hard-fought compromise bill in coming days, automakers are running out of time to get the tax-credit rules tweaked. August 2, 2022.


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PepsiCo did it again with its new beverage brand Starry being named the official soft drink brand of the NBA, WNBA and NBA G League in North America for this season.
Starry’s lemon-lime soda is the title sponsor for the NBA All-Star 3-Point Contest, which includes a new shot contest with a dedicated Starry Range and custom Wilson basketballs. This partnership will be introduced during the NBA All-Star 2023 weekend in February through advertisements and on-site activations.
PepsiCo is leveraging a heavy marketing muscle behind the beverage as it looks to get an edge on rival Sprite and win over Gen Z consumers. Starry will also be present at the NBA Crossover fan event through its work with players, a separate shooting challenge and sampling of regular and zero-sugar variants.
The drink only hit shelves a few weeks ago, but it’s already become a significant component of PepsiCo’s sports-marketing strategy. The new sponsorship deal with the NBA, WNBA and NBA G League builds on PepsiCo’s connection to basketball and speaks to a shared desire between the organizations to connect with a younger generation of fans.
Starry's product positioning is a “purpose-driven brand built for Generation Z” in promotional materials and emphasizes fun and sustainability. The lemon-lime offering is primed to replace laggard Sierra Mist in PepsiCo’s portfolio and vies to be a more formidable competitor against Coke’s Sprite.
PepsiCo’s History With the NBA
PepsiCo became professional basketball's official food and beverage partner in 2015 as part of an agreement encompassing Aquafina, Brisk, Doritos, Gatorade and Ruffles. But Mtn Dew has been the focus on the soft drink front, with Starry now stepping up to offer a “fresh perspective” and enhance fan and game experiences, according to executives.
“It has an attitude that embraces the irreverent optimism of our consumers and basketball fans alike,” said Michael Smith, senior director of brand marketing at Starry, in a statement.
PepsiCo is leveraging the NBA All-Star 2023 bonanza that runs Feb. 17-19 in Salt Lake City, Utah, to familiarize the public with Starry and strengthen an association with basketball.
Moreover, Starry’s official list of athlete spokespeople includes Zion Williamson, Zach LaVine and Klay Thompson from the NBA, along with WNBA star A’ja Wilson.


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Virus could wipe out shipping industry's profits
THE good news is that China appears to be getting the Covid-19 outbreak under control. More good news is that most people who are infected recover.
It is particularly welcome that the Maritime and Port Authority of Singapore (MPA) was able last week to announce that a crew member working aboard a cargo ship which had arrived in Singapore from China and was diagnosed with the infection fully recovered and his ship has resumed normal operations.
MPA, the National Environment Agency's Port Health and the Ministry of Health worked together to arrange for the crew member to be treated, the remaining crew onboard the ship to be quarantined for 14 days, and have the ship cleaned and disinfected. None of remaining crew became infected.
The story of the cruise ship Diamond Princess, berthed in Yokohama, has been very different and demonstrates how dislocating this disease can be to the shipping industry.
Many passengers and crew were infected and two people died. It will presumably be some time before that ship is back in service.
The picture has been changing rapidly. By the end of last week, although the number of new cases in China was declining, more were being detected in other countries, including Italy and several other European countries. The word "pandemic" was still being avoided but there were cases being reported around the globe.
On Wednesday last week, International Chamber of Shipping (ICS) secretary general Guy Platten led a delegation of shipping industry leaders to meet the World Health Organization (WHO) in Geneva.
ICS has been working on updated guidance for the industry and a statement stressed that the shipping sector was working closely with the WHO to ensure that guidelines for industry and governments help limit the spread of Covid-19, while maintaining international trade.
Mr Platten said: "We have a special obligation to ensure the safety and health of seafarers and passengers. We have proposed a collaboration with WHO to evaluate and refine best practices regarding managing health threats in a shipboard environment.
"The cruise industry in particular has highly advanced practices and procedures and we are looking for practical ways to adapt those to broader maritime applications. We hope this effort will help provide some additional clarity and consistency for shoreside authorities when addressing ships during a health emergency. The maritime industry, especially ICS and its members, are fully committed to these efforts."
Covid-19 is estimated to be costing the industry US$350 million a week in lost revenues. More than 350,000 containers have been removed from global trade. Global supply chains continue to suffer, and issues remain around the quarantining of ships at ports.
Industry analyst and consultant Maritime Strategies International (MSI) has published an analysis of how the virus had been affecting shipping sectors and what the implications of a further escalation might be.
The impact of the disease on the Chinese economy has already been severe and the scenarios for shipping range from a quick resolution to a long drawn-out impact. In the 10 days or so that have passed since that analysis was carried out, the situation appears to have moved towards a longer-lasting impact.
MSI managing director Adam Kent noted that each sector had been affected to a different degree by the crisis and each had a different set of vulnerabilities to escalation or prolonged disruption.
Huge hit to dry bulk
He said: "Vessel earnings in the tanker segment have already seen a negative impact and are exposed to continued disruption to oil demand, while for dry bulk the coronavirus has worsened an already-challenging environment.
"The impact on the container trades have been different until now, with relatively small movements in markets but major disruption to trade. In each case the downside risks from escalation and further disruption are extensive."
Turning to dry bulk, he said the potential impact of Covid-19 was "huge, given that China imports around 40 per cent of global dry bulk cargoes.
Chinese industrial production and demand for dry bulk imports have already been severely hit by the virus, the result of extended factory closures and reduced worker mobility.
Mr Kent said the container shipping sector has experienced a different type of exposure to Covid-19, "with the immediate impact on markets so far arguably the smallest among the three main sectors". But he warned: "Disruption to containerised supply-chains and liner company operations has been extensive, however, and the longer this lasts, the less markets will be insulated."
For container ships, the outbreak is fundamentally a question of supply not demand, as disruption to China's manufacturing output and port operations effectively creates a big reduction in the supply of containerised goods.
The impact so far effectively amounts to an extension of the Lunar New Year - when even in normal years container trade flows take a hit, freight rates tumble and factory output takes weeks to return to normal. The outbreak has turbo-charged these seasonal trends.
It was reported that the International Air Transport Association's members expect to see Covid-19 wipe out any prospects of making a profit this year. It could well be that the same could be said for much of the shipping industry.


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August inflation highest in more than 2 years
Inflation soared to a 32-month high of 4.9 percent in August as bad weather and higher transport costs pushed prices of fish and vegetables higher, the government reported on Tuesday.
The state planning agency National Economic and Development Authority (Neda) said the government was moving to ease high food prices by allowing fish imports and promoting urban agriculture.
Last month’s rate of increase in the prices of basic commodities was the highest since the 5.1 percent recorded in December 2018.
In the eight months to August, the inflation rate averaged 4.4 percent, above the government’s 2 to 4 percent target band.
The central bank on Tuesday brushed off the unexpected spike in the inflation rate for August, saying the pace of price increases for basic goods and services would normalize soon.
In a statement, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the latest figure was “consistent with the BSP’s assessment that inflation could settle close to the high end of the target range in the near term before decelerating back to within the target range by year end.”
Easing meat prices
“In 2022-2023, inflation will likely fall toward the midpoint of the target, supported by the continued and timely implementation of nonmonetary measures and reforms to address directly supply-side pressures on key food items,” he said in a mobile phone message to reporters.
The central bank chief said the risks to the inflation outlook remained “broadly balanced” over the policy horizon.
“The uptick in international commodity prices due to supply-chain bottlenecks and the recovery in global demand could lend upside pressures on inflation,” he warned, adding that the emergence of new COVID-19 variants, leading to stricter lockdown measures and delayed reopening of the economy, was seen to pose downside risks to both aggregate demand and inflation.
Month-on-month, consumer prices in August were 0.6-percent higher than July levels.
National Statistician Dennis Mapa told a press conference that meat remained expensive as prices rose 16.4 percent in August, but he said recent months’ meat inflation already eased compared to levels earlier this year when it hit 19-20 percent due to scarce pork supply resulting from the African swine fever (ASF) crisis.
“In particular, retail prices of frozen and fresh pork have fallen by around P19-38 per kilo from their peak, following the issuance of Executive Order (EO) Nos. 133 and 134,” which lowered import tariff and removed quotas to boost domestic supply, Neda said in a statement.
In the case of fish and vegetables, prices last month climbed 12.4 percent and 15.7 percent year-on-year, respectively, from 9.3 percent and 5 percent in July, PSA data showed.
Mapa said the uptick in fish prices had been ongoing for several months now due to limited supply.
Vegetable traders, meanwhile, had blamed the wet season as well as prevailing quarantine restrictions that made it more costly to deliver products across the country, Mapa said.
In all, prices of food and non-alcoholic beverages increased by a faster 6.5 percent in August from 4.9 percent in July.
Poorer Filipinos shelled out more for basic goods as inflation for the bottom 30-percent income households climbed to 5.2 percent, matching the rate recorded in January 2019, PSA data showed.
End-August inflation among poor families averaged 4.9 percent, higher than the national rate.
Socioeconomic Planning Secretary Karl Kendrick Chua noted that the Department of Agriculture (DA) was already addressing the fish supply shortage as it had issued Administrative Order No. 22 and a certificate of necessity to import 60,000 metric tons until yearend.
“The DA is also preparing to increase the (volume) should the initial imports not be sufficient to curb fish inflation. This is part of the government’s proactive monitoring to ensure sufficient supply and stable prices during the closed fishing season,” Chua said.
To support vegetable production through urban farming, the government will provide raw material resources, machinery and equipment, training and technical assistance, resiliency projects, and funding support, he added.
Chua said the shift to granular lockdowns would also help maintain price stability amid the prolonged COVID-19 pandemic.
“Keeping transportation available and affordable, while still following minimum public health standards, will help facilitate the movement of people, goods, and services. All these will allow people to safely earn income and keep prices stable,” the Neda chief said.
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MILAN — Christmas clearly comes more than once a year for Diego Della Valle, chairman of Tod’s SpA.
Having already made a paper profit of more than $180 million on his investment in Saks Inc., Della Valle, along with his brother Andrea, has just received more than $300 million from the sale of 10 percent of Tod’s shares. The brothers had asked Italy’s merchant bank Mediobanca to place just over three million shares of the luxury goods group on the market, which amounts to about 10 percent of Tod’s capital.
Italy’s Bourse said Wednesday that Mediobanca completed the operation at the price of 76 euros, or $101.90 at current exchange, a share, through an accelerated book-building offer. The operation netted the Della Valle brothers 232.5 million euros, or $311.7 million at current exchange.
The Della Valle family remains the company’s largest shareholder after the placement, retaining almost 58 percent of the Italian firm, parent to the Tod’s, Hogan, Fay and Roger Vivier brands. Andrea Della Valle is vice chairman of the group.
“We have been receiving indications from the market for some time to increase the liquidity of our shares in order to facilitate the investments of primary investors, who are often limited by a restricted free float,” said Diego Della Valle. “We have therefore tried to follow the investors’ requests, even if this means we have had to temporarily sacrifice the value of our investment.”
Della Valle touted the company’s “good performances” and the interest it generates in the financial markets.
The entrepreneur also noted that the sale precedes Tod’s entrance in the FTSE MIB index, the primary benchmark index for the Italian equity market, on Dec. 20, and expressed “regret that many investors were not able to buy the shares, since the demand was higher than the offer.”
Gianluca Pacini, luxury goods analyst at Intesa Sanpaolo, said the FTSE MIB index “allows greater visibility with those investors that manage larger portfolios.” Also, Pacini explained that a greater liquidity allows “faster negotiations,” which is an added value for investors.
The company detailed the sale of the shares: The entrepreneur’s vehicle Diego Della Valle & C. S.a.p.a. sold 6.08 percent, and Diego and Andrea Della Valle each sold 1.96 percent of the group’s share capital. The settlement is expected on Dec. 20.
As a result, the free float increased from about 33 percent to about 43 percent of the firm’s total outstanding shares.
“This was a well-thought-out placement, built deliberately, one that Della Valle must have had on his mind for a long time,” said a luxury goods analyst who spoke on condition of anonymity and who compared this placement to a similar one in 2002. “In April that year, Della Valle sold almost 10 percent of his shares, at 53 euros [$50 at average exchange], the historical peak at the time, a price that was recovered only at the end of 2006. He is extremely savvy, he knows how to build his company, but has also a razor-sharp financial mind,” the analyst said.
On Tuesday, Tod’s shares closed at 84 euros, or $112.60 —another record high.
In addition to this latest placement, in October Tod’s distributed an extra dividend of 3.50 euros, or $4.60 at current exchange, a share, for a total amount of 107.1 million euros, or $143.6 million, so the analyst calculated that Della Valle secured about 70 million euros, or $93.8 million, pretax, to further bolster his bank balance.
His wealth was even further boosted last month when Della Valle, whose family bought Tod’s Tokyo Omotesando headquarters and store in 2005 and then rented out the spaces to the company, cashed in on this investment. Tod’s bought the venue from Della Valle for 63 million euros, or $84.4 million.
“Where will all this money be channeled into? This is the real question,” said the analyst. “Yes, it could be into Saks, but let’s not forget that Della Valle has diversified his business interests between the [high-speed] train venture with [Ferrari president] Luca di Montezemolo, [eyewear maker] Marcolin, [motorcycle firm] Piaggio and [iconic coffee-machine maker] Bialetti.”
Della Valle initially took 5.9 percent of Saks Inc. in 2009, and in October, he raised his stake to 19.1 percent, becoming its largest shareholder. Based on Saks’ closing share price of $11.45 on Wednesday, Della Valle’s investments in Saks — totaling $170.3 million for 30.7 million shares — are now worth $350.9 million, translating into a profit-on-paper of $180.6 million.
The entrepreneur also has personal investments that include RCS MediaGroup, which owns the newspaper Corriere della Sera; furniture producer Poltrona Frau; film studio Cinecittà, and the city of Florence’s soccer team, Fiorentina.
Citigroup senior equity analyst Thomas Chauvet said the Tod’s share sale was “not a major surprise,” as Della Valle had “suggested in recent years his desire to increase liquidity of the stock,” and that the brothers had raised their stake in 2008 and 2009 “at an average price of 38.1 euros [ $51].”
Also, Chauvet noted that Della Valle “might be looking at investment opportunities outside of the family business.” Chauvet continued: “According to the 13-D filing from 21 Oct. 2010 [regarding Saks Inc.], Diego Della Valle acquired the shares for investment purposes,” but he may “change plans and intentions at any time,” including acquiring additional securities or becoming strategic and long-term shareholders of SKS (and seeking board representation), among other possible actions.” Although he has been reserved about his future intentions at Saks, Della Valle has indicated he might seek representation on the company’s board.
On Wednesday, Tod’s shares closed at 76.51 euros, or $102.60, down 8.92 percent.
“The market balances itself out, and the price is in line,” said Pacini. “Given the number of shares that were placed, a balance price was found,” said a Milan-based analyst. “Automatically, the stock price adapted to the price of the bookbuilding.”
Tod’s has been forging ahead despite the economy. In the first nine months of the year, sales across all categories and markets helped lift the company’s earnings before interest, taxes, depreciation and amortization (EBITDA) 20.4 percent to 157.4 million euros, or $207.7 million at average exchange. Consolidated sales rose 8.9 percent to 609.1 million euros, or $804 million, in the nine months ended Sept. 30, compared to the same period last year. In particular, the Tod’s brand registered 15.5 percent growth in the third quarter, driven by the success of the fall-winter season.
This year, Della Valle emerged as an “ambassador” of Italy’s heritage and craftsmanship, bringing the country’s symbol of culture, the La Scala theater, to Asia and, subsequently, to Russia and the Middle East. In a unique partnership, he has agreed to contribute to support La Scala’s productions for a year and help promote its values globally.
Earlier this month, Della Valle offered to finance the restoration of one of Italy’s most grandiose monuments, the Colosseum, to the tune of 25 million euros, or $33.5 million. The entrepreneur is awaiting the approval of his proposal by the country’s Ministry of Culture.
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews


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ARLINGTON, Va. — A group representing the nation's food retailers and wholesalers announced the retirement of its VP state government relations.
Bill Manteria will leave his post at the Food Marketing Institute March 15, a position he held since 1998, FMI said Friday. In his role, Manteria was responsible for directing the organization's state government relations department and its relationship with the State Government Affairs Council, monitoring and developing industry responses to key state legislative and regulatory issues affecting the retail food industry, the organization said.
“[Bill Manteria's] knowledge and experience in state government affairs has benefitted FMI members across the country,” said Leslie Sarasin, FMI president and CEO. “We will miss him and we wish him all the best as he begins this new chapter in his life.”


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The latest LMD-Nielsen Business Confidence Index (BCI) survey – which was conducted in the first week of August – registered an increase of 20 basis points from July to 117. LMD notes that the index falls
four points shy of its 12 month average.
Nielsen’s Director – Consumer Insights Therica Miyanadeniya says in the magazine: “Although the presidential election held in November last year brought about a phenomenal jump in the BCI as well as the Consumer Confidence Index (CCI), whereby both indices recorded five year highs, the recent general election didn’t command such a remarkable improvement.”
According to LMD, fears over COVID-19 seem to be on the decline with inflation rising in prominence in terms of the concerns of businesspeople. Meanwhile, the coronavirus, the economy and inadequate per capita income are cited among the major concerns for the nation.
Commenting on the outlook for the index, Miyanadeniya expresses hope that “the BCI will continue to rise with the work put in by corporate leaders to improve the state of their businesses as well as efforts of the recently-elected government to come up with new strategies to uplift an economy under stress”.
On the other hand, a spokesperson for LMD points out that the future of the index will also depend on “how corporates perceive the new regime’s handing of constitutional matters, as well as their view of cabinet and other key portfolio announcements.”
Media Services, the publisher of LMD, says the latest edition of the magazine will be released next week while its digital version is available on WhatsApp and its social media platforms (for the full BCI report, visit www.LMD.lk).


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Interior design unicorn Livspace has announced that it will set aside $100m for its expansion plans in India, Singapore, Malaysia, and the Middle East.
According to the company’s announcement, the funds will go towards incubating and investing in brands and content destinations across markets in the home decor, interior, renovation, and ancillary segments.
Anuj Srivatsava, CEO of the company said that the company will be looking to invest in businesses working across home improvement segments, such as partial renovation and supply of business-to-business (B2B) modular materials, to boost the company’s topline. It will also be looking to invest in direct-to-consumer brands across furniture and other home improvement categories.
Anuj Srivatsava said that “this is our strategy to expand the market size and the profitability profile of the company.” He also added that “we are looking at ideas, technologies, and people that bring additional functional expertise to drive better outcomes for all our stakeholders. In line with this, we plan to invest across all stages in brands’ lifecycle to help them disrupt the industry further.”
Singapore-based Livspace is in active discussions with eight to nine companies as it hunts for assets that would help the company generate growth and accelerate its path to profitability.
The expansion will be headed by Livspace’s chief strategy officer, Ankit Shah. According to Ankit, “Today’s disruptive market combined with the macro-economic environment is driving innovation at every level. This has resulted in exploring new pathways by adding technology and capabilities that will drive profitability. This will help our business across all our markets scale faster, grow our margin stack further, and create strong defensible moats.”
Founded in 2014 by Ramakant Sharma and Srivatsava, Livspace is a home improvement platform that provides renovation solutions for homeowners right from designing to last-mile fulfillment. The platform brings together designers, brands, manufacturers, and contractors to enable an e-commerce-like experience for home renovations.
The latest announcement comes after the company’s Series F fundraising in March this year, which brought funding of $180m and propelled the company to its unicorn status. The round was led by KKR and saw the participation of existing investors such as Ingka Group Investments, Jungle Ventures, Venturi Partners, and Peugeot Investments.
The company acquired a majority stake in Qanvast, a Singapore-based home design platform, last December.


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Turkey is interested to set up Turkish Development Agency (TIKA) office in Bangladesh to continue its operations for boosting bilateral cooperation as well as trade and commerce.
Like other development partners, including JICA, JETRO, and KOICA, Turkey wants to set up such kind of office to boost bilateral technical cooperation and trade.
Vice President of Turkey Fuat Oktay expressed such interest when Finance Minister AHM Mustafa Kamal met him in Ankara, Turkey on Thursday last. Fuat opined that setting up of such kind of office in Dhaka would automatically enhance manifold the bilateral trade.
In response, the Finance Minister assured the Turkish vice president that the government of Bangladesh would consider the matter. Bangladesh Ambassador to Turkey M Allama Siddiqui and Director General of the Ministry of Foreign Affairs M Daud Ali, were present, among others.
Kamal also sought cooperation from Turkey in the fields of ICT.
Turning to the bilateral trade relations, Fuat said Bangladesh could supply more the agro-processed foods, jute and jute-made goods, processed fruits including mangoes, litchis, jackfruits and pineapple to Turkish market and other markets while Turkey would extend cooperation in this regard.
He also suggested that Bangladesh could supply leather goods as well as meat to Turkish market where Turkey could extend support in case of getting the necessary Halal certification.
Referring to the visit of the then Turkish Prime Minister Recep Tayyip Erdogan to Dhaka in 2010 where he pledged to raise the bilateral trade volume to US$ 3.0 billion from $ 400 million, the Turkish Vice President said that the diplomatic ties between the two countries is now good and Bangladesh could export those items to Turkey which have a very good demand in Turkey.
Turkey also expressed their interest to provide long-term support to Bangladesh in petroleum products and LNG export in the public sector.


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The co-founder of the cryptocurrency exchange Gemini, acknowledged that bitcoin could be value forty times its current worth. StartPeakEnd$434.46$978.01$968.23The market software OpenBazaar was launched over the summer time. It’s a peer-to-peer platform on which customers should buy goods with bitcoin. Bitcoin’s worth, in recovery mode at the beginning of the 12 months, approached its former glory because it hovered around $1,000. StartPeakEnd$313.92$465.50$430.05In late January, Coinbase launched its bitcoin trading platform, whereas Mt. Gox’s CEO Mark Karpeles was arrested.
According to him bitcoin and blockchain know-how are top-of-the-line things that happened for companies. For now, he’s pegging his short-term bitcoin price goal at $15,000. That’s an affordable figure, to make sure, especially with BTC’s parabolic price efficiency in Q3 and Q4 2017.
Verification Requirements – The vast majority of the Bitcoin trading exchanges each within the US and the UK require some sort of ID verification so as to make deposits & withdrawals. Although verification, which can take up to some bitcoin exchange uk reviews days, may seem like a ache, it protects the exchange towards all kinds of scams and money laundering. Trading Fees – Most exchanges should have fee-related info on their websites.
Additionally, the currency calculator reveals the closing rate of yesterday in addition to the highest and lowest rates of the conversion United States greenback – Bitcoin. In addition to the United States dollar – Bitcoin rate, the Markets Insider currency calculator additionally offers other exchange rates for about a hundred and sixty worldwide currencies. Peer-to-peer exchanges cut out the intermediary and allow users to trade instantly with one another.
A popular Ethereum pockets, MetaMask provides non-public key safety for sending and storing Ether. The next era of hardware pockets from TREZOR, the Model T features a host of new options together with a touchscreen and improved processing. TREZOR hardware wallet is a secure approach to keep your cryptocurrency safe from hackers and malware. Securely retailer a variety of the world’s leading cryptocurrencies on the Ledger Nano S hardware wallet. Buy 7 completely different cryptocurrencies with INR on this Indian-based exchange.
Are Bitcoin Exchanges Legal?
“Ex-boss of MtGox bitcoin exchange arrested in Japan over misplaced $390m”. In December 2017, hackers stole four,seven hundred bitcoins from NiceHash a platform that allowed customers to sell hashing energy. Mt. Gox, the Japan-based exchange that in 2013 handled 70% of all worldwide bitcoin visitors, declared bankruptcy in February 2014, with bitcoins price about $390 million lacking, for unclear causes. On 3 April 2013, Instawallet, a web-based wallet supplier, was hacked, resulting in the theft of over 35,000 bitcoins which have been valued at US$129.90 per bitcoin on the time, or nearly $4.6 million in total. In early August 2012, a lawsuit was filed in San Francisco court towards Bitcoinica – a bitcoin trading venue – claiming about US$460,000 from the corporate.
Going far more long-term, Novogratz said it was throughout the realm of possibility that the bitcoin market cap might at some point attain the current market cap of gold, which is round a whopping $8 trillion USD. To that end, the scarce, deflationary high quality of Bitcoin makes it completely unlike conventional fiat currencies, that are usually vulnerable to inflation and even hyperinflation in the worst of cases. That means as extra investments pour into BTC, its price will probably continue to see upward pressure because there shall be no provide response. We are an impartial comparability platform and knowledge service that aims to provide you with the tools you should make better selections. But the European Court of Justice dominated that bitcoin is currency, not property, and that the cryptocurrency would not be assessed a value-added tax within the European Union. Bitcoin’s worth broke the $400 mark towards the top of the 12 months.
This is the main cause that we selected Cash App over Robinhood as the most suitable choice for beginners trying to buy Bitcoin. Meanwhile, different major bitcoin and crypto exchanges have been battling declining volumes over the past 12 months, sparking fears the market might be on course for a correction. Quickly and easily calculate international exchange rates with this free currency converter. The easiest method to buy Bitcoin in the UK is to use a trusted Bitcoin dealer. These services make it so simple as attainable to get your palms on some BTC.
Also, note that I am not towards gold or bitcoin as a currency. In fact, I assume that the threat that they pose as alternate currency can serve as a useful check on a central bank. The word bitcoin first occurred and was defined in the white paper revealed 31 October 2008; it is a compound of the words bit and coin. No uniform conference for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to discuss with the expertise and network and bitcoin, lowercase, to check with the unit of account.
Realtime bitcoin updates, bitcoin to Nigerian Naira charts, BTC to NGN calculator at livebtcprice.com. Realtime bitcoin updates, bitcoin to Japanese Yen charts, BTC to JPY calculator at livebtcprice.com. Bitcoin in Japanese Yens live exchange rate at liveBTCprice.com. Bitcoin worth calculated in Japan money yens, BTC to JPY charts, live updates, latest news. Realtime bitcoin updates, bitcoin to South African Rand charts, BTC to ZAR calculator at livebtcprice.com. Realtime bitcoin updates, bitcoin to Turkish Lira charts, BTC to TL calculator at livebtcprice.com.
The exchange rate changes at any time because of supply and demand. Sell ethereum to cash at bank real money dollars exchange ether to dollar euro and native money. Withdraw ethereum to bank account instant exchange at currency market rate in united states and across the glob. This is fully nameless transactions, no verification paperwork needed. In addition to transaction charges and funds transfer fees, traders may be subject to currency conversion fees, depending on the currencies which are accepted by the bitcoin exchange. If a user transfers Canadian dollars to an exchange that solely deals in U.S. dollars, the bank or the exchange will convert the CAD to USD for a charge.
However, some individuals might not totally understand how exchange rates work. Today, we’re explaining everything you should find out about how bitcoin exchange rates work and the way the value of bitcoin is decided. Exkash.com is most trusted popular and authorized bitcoin exchange platform offering providers worldwide.
There has been a lot hypothesis as to the identity of Satoshi Nakamoto with suspects including Dai, Szabo, and Finney – and accompanying denials. Prior to the discharge of bitcoin, there were a quantity of digital cash technologies starting with the issuer based mostly ecash protocols of David Chaum and Stefan Brands. The concept that solutions to computational puzzles may have some worth was first proposed by cryptographers Cynthia Dwork and Moni Naor in 1992.
While some panelists and senators saw bitcoin as a dangerous device, others believed it had progressive potential. After witnessing surging reputation in China, the federal government and People’s Bank of China decided to take motion, banning bitcoin’s use as a currency and prohibiting financial establishments from using bitcoin. Media outlet Newsweek published an article figuring out a man named Dorian Nakamoto as the creator of bitcoin.
It is unclear whether or not the Founders offered any of their shares, the report mentioned. What is attention-grabbing, the Bitcoin price was lower than $3000 at the beginning of 2017, later it price about 5000 of dollars, by the end of the yr the Bitcoin price virtually USD 20000. July Researchers printed a paper showing that by November 2013 bitcoin commerce was now not driven by “sin” actions however ceo of bitcoin exchange found dead in singapore instead by legitimate enterprises. Uber switched to bitcoin in Argentina after the federal government blocked bank card companies from dealing with Uber. November Historical date for Bitcoin – The Unicode Committee adopted the bitcoin currency image to be in a future model of the Unicode normal. The glyph will be assigned the «U + 20BF BITCOIN SIGN» slot and can ultimately be displayed in commonplace system fonts.
On 1 September 2020, the Wiener Börse listed its first 21 titles denominated in cryptocurrencies like bitcoin, together with the providers of real-time citation and securities settlement. On 22 January 2018, South Korea introduced in a regulation that requires all the bitcoin merchants to disclose their identity, thus putting a ban on nameless trading of bitcoins. The EFF’s decision was reversed on 17 May 2013 once they resumed accepting bitcoin.
He additionally called bitcoin a “fraud” and claimed it would not “end well” for anyone invested in the currency. The worth of bitcoin hardly reacted to the news, with most buyers shrugging off the criticism. Chinese authorities ordered all Chinese-based crypto exchanges to shut down immediately, creating panic throughout the industry and causing the price of bitcoin to plummet. Facebook decided to reverse its ban on cryptocurrency ads initially carried out in January. The price of bitcoin rose on the news, and some believed the bitcoin bear market was over. After exploring the launch of a bitcoin trading platform all year, Goldman Sachs dropped plans to launch a trading desk.
Now let’s reverse gears and discuss concerning the history of bitcoin and its value in USD. The launch of new computing technology affects miners’ income significantly, and that can impact the value of bitcoin. All of these occasions can have varying effects on the value of bitcoin.
By January 9, Satoshi had released the first version of bitcoin’s software. Before the top of the month, Satoshi had despatched one of the earliest bitcoin builders, Hal Finney, 10 bitcoins, marking the world’s first bitcoin transaction. Most major nations right now use versatile or floating exchange rates. The United States government, for instance, cannot directly change the exchange rate of the USD with different fiat currencies.
“Japan OKs recognizing virtual currencies as just like real money”. In August 2013, the German Finance Ministry characterized bitcoin as a unit of account, usable in multilateral clearing circles and topic to capital gains tax if held lower than one yr. On 19 December 2017, Yapian, a company that owns the Youbit cryptocurrency exchange in South Korea, filed for chapter following a hack, the second in eight months.
Members of the bitcoin group met in Hong Kong to debate the longer term objectives of bitcoin. One scaling proposal, Segregated Witness or SegWit, was proposed through the assembly as a way to solve bitcoin transaction congestion. By the tip of the meeting, the group had agreed to scale bitcoin into a world fee system.
A July 2018 warning emphasized that trading in any cryptocurrency is often speculative, and there’s a risk of theft from hacking, and fraud. Securities and Exchange Commission warned that investments involving bitcoin might have excessive rates of fraud, and that buyers could be solicited on social media sites. An earlier “Investor Alert” warned about the use of bitcoin in Ponzi schemes. The company’s goal is to fund a hundred bitcoin companies within 2–3 years with $10,000 to $20,000 for a 6% stake. According to a 2015 examine by Paolo Tasca, bitcoin startups raised almost $1 billion in three years (Q – Q1 2015). According to bitinfocharts.com, in 2017 there are 9,272 bitcoin wallets with more than $1 million price of bitcoins.
The hackers disappeared with $5.2 million price of bitcoin after using social engineering techniques against Bitstamp’s system administrator. Bitstamp shut down its exchange for eight days earlier than re-opening. Although the loss was vital, Bitstamp’s chilly storage remained untouched, no customer balances have been affected, and the loss was “a small fraction” of Bitstamp’s whole reserves.
Gavin Andresen was the previous lead maintainer for the software program client. Andresen left the role of lead developer for bitcoin to work on the strategic improvement of its expertise. Bitcoin Core in 2015 was central to a dispute with Bitcoin XT, a competing shopper that sought to extend the blocksize. Over a dozen different firms and industry teams fund the development of Bitcoin Core. In 2014, Bloomberg named bitcoin one of its worst investments of the 12 months.
These platforms allow you to buy Bitcoin using different cryptocurrencies. They tend to supply lower charges than brokers and supply entry to a more diverse vary of coins. However, you’ll normally need to already personal another cryptocurrency in order to use this sort of exchange, so they’re not suited to beginners. You can purchase it by way of a dealer for a set worth, or use a cryptocurrency exchange to buy it on the open market and select your personal value. Get began quickly with considered one of our top picks, or try the desk below for a full list of choices.
In 2017 and 2018 bitcoin’s acceptance amongst major online retailers included only three of the top 500 U.S. on-line retailers, down from five in 2016. Reasons for this decline embrace excessive transaction charges because of bitcoin’s scalability issues and long transaction occasions. Lightweight clients consult full nodes to ship and receive transactions with out requiring a local copy of the complete blockchain (see simplified fee verification – SPV).
In 2017, the central Reserve Bank of India thought-about a now-defunct proposal to introduce its own cryptocurrency, Lakshmi. It has additionally been looking into encouraging blockchain technology in financial and payment institutions. But the government has shunned cryptocurrency with policymakers opting to outlaw cryptocurrency with incarceration and legal petitions.
Where To Spend Bitcoin In India
Live Crypto Rates exhibits probably the most correct live costs, charts and market rates from trusted top crypto exchanges globally. Live Crypto Rates have over 1600+ cryptocurrencies, trusted historical data, and details of lively, upcoming and completed initial coin offerings. All bitcoin exchanges have transaction charges that are utilized to every accomplished buy and sell order carried out within the exchange.
Exchanges were required a $5,000 utility fee, fingerprint employees for the FBI, and obtain written approval for all new business actions. Many less-transparent exchanges ceased operating in New York after the BitLicense was unveiled. The European Court of Justice dominated that bitcoin and digital currencies usually are not topic to value-added-tax within the European Union. The EU ruling meant bitcoin could be handled extra like a currency than a commodity or property – opposite to the place of US regulators.
With easy methods to invest, it stays relatively simple for newcomers to the cryptocurrency market to purchase some BTC. In fact, the United Kingdom has become one of the leading destinations for cryptocurrency companies with many main exchanges like Gemini and Coinbase having workplaces in the country. As your funding grows, it may be very important keep a close eye on your cryptocurrency portfolio, simply as you’d with some other investment or checking account. If you utilize these services, you could find that you want to pay further bank payment service costs on International transfers like SEPA. The transaction may mean that you want to wait 3 to five days on your funds to arrive. Check live rates, ship money securely, set rate alerts, obtain notifications and more.
Direct trading exchanges don’t have a set market worth, as a substitute, each seller sets their own exchange rate. Brokers – These are websites that anyone can visit to purchase cryptocurrencies at a value set by the dealer. Cryptocurrency brokers are just like overseas exchange dealers. LinkCoin is an Over-The-Counter cryptocurrency exchange that was developed by Yesbit Ltd in collaboration with Bibox. Based in Toronto Canada, the exchange processes transactions autonomously through sensible contracts. Plus, with a fully practical website, and Android + iOs apps, the platform has the necessary technological infrastructure to provide customers with a service that meets all of their investment wants.
A UK-based cryptocurrency platform that gives patrons with all kinds of fee choices. The private key can be printed as a collection of letters and numbers, a seed phrase, or a 2D barcode. Usually, the basic public key or bitcoin handle is also printed, so that a holder of a paper pockets can check or add funds with out exposing the non-public key to a device. The 2014 documentary The Rise and Rise of Bitcoin portrays the variety of motives behind the usage of bitcoin by interviewing individuals who use it. The 2016 documentary Banking on Bitcoin is an introduction to the beginnings of bitcoin and the ideas behind cryptocurrency today.
Over the course of bitcoin’s history, it has undergone fast progress to turn out to be a significant currency each on- and offline. From the mid 2010s, some companies started accepting bitcoin in addition to traditional currencies. Livebtcprice.com offers the most present bitcoin exchange rates in all currency models from everywhere in the world.
While the order was filled, Bitcoin’s value suffered in the process. Bitstamp continues to be an lively exchange, which is a a lot better fate than other giant exchanges have managed. A BitLicense requires a $5,000 utility payment, a report of employee fingerprints, and written approval for each new enterprise exercise. The exchanges that weren’t fairly as clear with their activities within the state soon found themselves ceasing operations after the launch of BitLicense. Segregated Witness, also called SegWit, was the product of a discussion between members within the Bitcoin neighborhood in Hong Kong. The idea was meant to solve congestion in Bitcoin transactions, and the group agreed the create the scalability for Bitcoin to become a world payment system.
The first bitcoin faucet was called “The Bitcoin Faucet” and was developed by Gavin Andresen in 2010. In October 2020, PayPal announced that it will permit its users to purchase and sell bitcoin on its platform, though not to deposit or withdraw bitcoins. The variety of companies accepting bitcoin continued to increase.
CoinMama is out there in nearly every country on the planet which is why it has been able to function for therefore long. Additionally , Saudi Arabia turned certainly one of its served areas as a end result of it allowed buying via credit score or debit cards. Yet, the common grievance about CoinMama is its excessive charges which can go as excessive as 6%.
For this cause the checkpoints included are solely as of several years in the past. A one megabyte block measurement limit was added in 2010 by Satoshi Nakamoto. This limited the maximum network capacity to about three transactions per second. Since then, community capacity has been improved incrementally each through block dimension increases and improved pockets conduct. A community alert system was included by Satoshi Nakamoto as a method of informing customers of necessary news regarding bitcoin.
Bitcoin’s value was affected despite the fact that different cryptocurrencies were stolen at Coinrail and Bancor as investors worried in regards to the safety of cryptocurrency exchanges. In September 2019 the Intercontinental Exchange began trading of bitcoin futures on its exchange referred to as Bakkt. Bakkt also introduced that it might launch choices on bitcoin in December 2019. In December 2019, YouTube removed bitcoin and cryptocurrency videos, however later restored the content material after judging they had “made the mistaken name.”
CoinSwitch allows you to examine and convert over 250 cryptocurrencies throughout all exchanges. Founded in 2013, CoinMama lets you buy and sell well-liked cryptos with a range of payment options and quick delivery. They level out that inherent shortage is a useful method of controlling worth, but may be too impractical for bitcoin to ever become the standard world currency. This finite provide and its recognition increasing more rapidly than its availability is assumed to keep prices growing. isn’t large enough to pose a risk to the global economic system, Bank of England deputy governor Jon Cunliffe said on Wednesday, because the cryptocurrency hit a report high of above $10,000 (£7,493) for the first time. “It’s a very explicit asset, it is a speculative asset by definition seeking to the developments in its price. Investors are taking that threat of shopping for at such excessive prices,” Mr Constancio said.
Chicago Mercantile Exchange, or CME, announced intentions to launch bitcoin futures by the tip of 2017. It was one of many first major indicators of mainstream monetary establishments turning into excited about bitcoin as a respectable funding tool. In response to the news, bitcoin surged to an all time excessive of $6,601 and hit a market cap of $110 billion. CME’s competitor, Chicago Board of Exchange announced the launch of bitcoin futures quickly afterward. Accounts with the equal of more than US$8,750,000 were affected.
Most of us are acquainted with the duty of exchanging currencies, however understanding the intricacies involved could be a problem. Currency exchange seems to be a comparatively easy transaction; in reality, the mechanics are quite complicated. Mt. Gox’s trading quantity surged because of consumer exercise on the exchange, although it was first mistaken as a DDoS assault. The exchange was compelled to close down on account of the demand, which triggered worry by the Bitcoin community.
However, for Saudis looking to buy Bitcoin, it’s a small value to pay on situation that there aren’t many choices available. Assess whether or not you believe the fee to be worth it or simply use BitOasis. EXMO is a reliable platform with a excessive degree of funds and knowledge safety and record-breaking technical help that responds within quarter-hour 24/7. And customer care – as an important value of the EXMO group. Buying Bitcoin is secure whenever you use a vetted and respected platform.
Normal operation was restored when the majority of the network downgraded to model 0.7 of the bitcoin software program. The Mt. Gox exchange briefly halted bitcoin deposits and the exchange rate briefly dipped by 23% to $37 as the event occurred earlier than recovering to earlier stage of roughly $48 in the following hours. Bitcoin is the primary cryptocurrency and worldwide cost system – the true OG.
The initial sign-up may be a easy strategy of setting a username, e mail tackle, and password but you will need to supply proof of id to get fully verified to begin out buying and selling Bitcoins. This is a safety measure as Bitcoin transactions are irreversible and mostly untraceable. Someone might hint your transactions out of your IP address however there could be nothing to stop you from creating a new BTC wallet id and changing your IP address for each trade you make. To comply with all the newest costs and market trading knowledge for Bitcoin across all global markets. Visit our site every day to observe the value of Bitcoins in the UK and easily observe your cryptocurrency portfolio.
This is the topic of a lot debate among fans of cryptocurrency. Look at the Past, In the yr 2020, when a lot of the businesses hits the hay, Crypto Industry cracks the sky and the world additionally witnessed the superior surge in the revenue of cryptocurrency exchanges. No doubt, by beginning a cryptocurrency exchange in this crucial time, you’ll be able to yield large ROI as that is the billion dollor bussiness. Develop a p2p crypto exchange platform for merchants to make seamless crypto transaction from anyplace to anyone. Bitdeal owns a dedicated group of cryptocurrency app builders who can design, develop and deploy superfast cryptocurrency exchange functions on Android & iOS platforms. It additionally provides cryptocurrency pockets growth services consists of hardware pockets, software wallet, web pockets, desktop wallet & paper pockets.
These currency charts use live mid-market rates, are easy to use, and are very reliable. The chart above reveals the live price of Bitcoin – live BTC to GBP worth (UK £ sterling). You can entry data on the live Bitcoin worth in British Pounds , Euros and US Dollars in a extensive variety of time frames from live costs updated each 5 seconds to the all-time history. Send Bitcoins to Bank account Worldwide, Exchange Bitcoins to native cash, Transfer Bitcoins to Money in Bank, Turn Bitcoin to American Bank, Receive your bitcoins in your bank account.
The following will give you a firm foundation for buying and selling Bitcoin extra safely though there aren’t any one hundred pc guarantees within the online world. To understanding monetary tickers and charts, you will need to know that Bitcoin is commonly shortened to BTC and references to UK Pounds Sterling are sometimes proven as GBP . Welcome to Bitcoin Rate, the UK Bitcoin website the place we present the live BTC to GBP worth for Bitcoin to GBP Live Price Updates. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. A bullish wager on the cryptocurrency was also essentially the most crowded trade in January. Backwardation refers to a downward sloping futures curve the place front-month contracts trade at a higher price than far-maturity contracts.
The launch of the OpenBazaar’s decentralized marketplace was an effort to create a market for P2P trading that was freed from charges, trade restrictions, and middlemen. Later on, the market in the end revealed that they’d acquired $1 million in funding, thanks to Union Square Ventures, Andreessen- Horowitz, and different major enterprise capital corporations. Surprising a lot of the public, Donald Trump was elected the President of the United States in the 2016 election.
Presently, you do not need to scratch your head over the means to buy BTC with a couple of mouse clicks — Switchere make complex issues extremely simple and environment friendly. Switchere provides a wide part vary for all top performing cryptocurrencies, and specifically, for Bitcoin value at present in Euro. Buying and promoting digital belongings has become as simple as an internet purchasing tour and nifty crypto line charts will provide you with benefit with regard to creating right and timely today’s investing selections. Bitcoin in Singapore Money SG$ prices, calculator and longterm charts. Please be totally knowledgeable relating to the dangers and prices associated with trading the financial markets, it is doubtless considered one of the riskiest investment forms attainable. Paxful is less of an exchange and extra of a peer-to-peer platform the place you’ll find a way to trade BTC for various fiat currencies.
What’s more is it generalizes power usage whereas disregarding the nation to nation distinction of vitality consumption. For instance, Iceland relies on nearly 100% renewable energies and is a hub for bitcoin mining- making it not a risk to environmental concerns. China, then again, nonetheless relies heavily on fossil fuels for electricity. Bitcoin being mined heavily in China could be a massive environmental concern.
Positive media attention may cause bitcoin prices to skyrocket. Suddenly, it seems like everyone is speaking about bitcoin in a positive light and sees it as the new digital gold. Every time a crypto exchange opens in a new, underserved part of the world, it will increase the provision of bitcoin, decreasing limitations to entry and addressing growing demand.
In such a case, an extra output is used, returning the change back to the payer. Any enter satoshis not accounted for in the transaction outputs turn into the transaction fee. New Liberty Standard launched a bitcoin exchange service with an preliminary exchange rate of 1,309.03 BTC to 1 USD, or about $0.0008 per 1 BTC.
It can be used to purchase or sell gadgets from folks and companies that accept bitcoin as cost nevertheless it differs in a number of key ways from conventional currencies. The worth of bitcoin dropped on varied exchanges between eleven and 20 % following the regulation announcement, earlier than rebounding upward again. In July 2011, the operator of Bitomat, the third-largest bitcoin exchange, announced that he had misplaced access to his pockets.dat file with about 17,000 bitcoins (roughly equivalent to US$220,000 at that time). He announced that he would sell the service for the missing quantity, aiming to use funds from the sale to refund his prospects. On 12 March 2013, a bitcoin miner working version 0.8.0 of the bitcoin software program created a large block that was thought-about invalid in version 0.7 .
The seller has the liberty to specify the value they want and their accepted payment methods, and this methodology lets you trade with elevated privateness. However, you might have to accept a worth higher than the market exchange rate. Examples of peer-to-peer exchanges embody LocalBitcoins and Paxful.
If there aren’t any ATMs close to you, the quickest method will probably be to make use of a service that doesn’t require any ID verification. For example, sites like Bitcoin UK let you buy BTC by depositing cash at your local bank department, with no need to undergo a lengthy verification process. The best place to buy Bitcoin is decided by what you’re looking for. We’ve compared a variety of the best cryptocurrency exchanges to assist make the decision easier. You can then join an account and prepare to start trading. However, ensure you research your buy thoroughly and are absolutely conscious of the risks involved before you purchase.
But Mr Singh said that the type of volatility that bitcoin experienced just isn’t unusual nor unexpected. In the past, Bitcoin suffered necessary corrections in just some days. Why would I go and seize some weird fiat subject to the desire of some governments? In a fair newer Twitter exchange, McAfee explained that he believes the BTC value may attain into the billions at some point. John McAfee is best often known as the creator of the popular McAfee antivirus software. He’s additionally become a Bitcoin aficionado over the past a number of months, and he never hesitates to voice his opinions on the cryptocurrency craze accordingly.
Many Bitcoin Cash future value predictions declare that Bitcoin Cash is more probably to attain $1,000 in the next few years, and in that case, it would be very spectacular. OANDA Corporation ULC accounts can be found to anybody with a Canadian bank account. A brochure describing the nature and limits of protection is available upon request or at The British Pound and Euro are carefully linked western currencies. With the United Kingdom being part of the EU, many people from other nations transfer freely into and overseas. In turn, many United Kingdom citizens personal 2nd properties in varied EU nations corresponding to Spain and France.
Next, we’ll speak in regards to the specific factors that affect the worth of bitcoin, however first we have a really special chart to level out you of the month by month breakdown of the bitcoin price action. Banks, currency exchanges, and cryptocurrency platforms charge conversion spreads to cover their service fees. Some cost additional fees on top of this, whereas others – like credit card companies – only charge international exchange charges.
Back in 2009 when bitcoin first launched, it had no competitors. It was the only blockchain-based, cryptographically-secured currency in the world. Ultimately, this phenomenon of costs rising and falling creates a forwards and backwards dance.
Crypto News – Early Tesla financier Baillie Gifford invests $100M in Blockchain – Bitcoin News – Crypto News – Early Tesla financier Baillie Gifford invests $100M in Blockchain – Bitcoin News. https://t.co/4IdmN4Jhxa pic.twitter.com/naW3dfN9AW
— Crypto News (@CryptoNewsBitco) April 21, 2021
Bitcoin Cash was filled with unruly disagreements among the many builders of the blockchain, leading to a tough fork that split Bitcoin Cash into the ABC aspect and the Satoshi’s Vision side. The hash war between the two tokens was brutal, though Bitcoin Cash ABC in the end came out on top. The value of each tokens varied throughout this battle, and even BTC’s value suffered some, lowering in a price drop down to $4,275. Bitcoin started rising in price in the course of the start of April fully unexpectedly, rapidly moving above $4,200 and thru the $5,000 degree as nicely within simply 48 hours.
The subsequent assist zone is across the forty eight,000 to forty nine,000 value areas. There is a high-volume node that shares a worth stage with the underside of the ascending channel. If Bitcoin breaks below the bull flag, then the subsequent help level is between 36,000 to 38,000. Those two value areas share a high volume node and the 161.8% Fibonacci Extension stage. That’s the place I am looking for a new long entry and a profit target on a brief.
Think about how when the value of oil surges, extra corporations begin producing oil, which then will increase the supply and acutely deflates the worth of oil accordingly. Providing or obtaining an estimated insurance coverage quote through us doesn’t guarantee you will get the insurance. Acceptance by insurance coverage companies relies on issues like occupation, health and lifestyle. By providing you with the ability to apply for a bank card or mortgage, we’re not guaranteeing that your software shall be approved. Your application for credit merchandise is topic to the Provider’s terms and conditions as properly as their utility and lending criteria.
- Switchere offers a large section range for all top performing cryptocurrencies, and specifically, for Bitcoin price today in Euro.
- Bitcoin has only been round as a company for 10 years, give it some time.
- On 25 January 2021 Microstrategy introduced it continued to purchase bitcoin and as of the same date it had holdings of ₿70,784 price $2.38 billion.
- On Dec. 17, 2017, it reached $19,783.21, the all-time high that has yet to be damaged.
- Multiple Chinese exchanges had their bank accounts shut down on this present day, with many exchanges switching to offshore banking options of dubious legality.
- In early August 2012, a lawsuit was filed in San Francisco court against Bitcoinica — a bitcoin trading venue — claiming about US$ 460,000 from the corporate.
Alongside decisive US elections and later some fiscal stimulus, there was no have to run for shelter, and the dollar suffered. Bitcoin maximalists favor bitcoin over different cryptocurrencies and are unapologetically in favor of a bitcoin monopoly sooner or later. Purchases and sales are primarily based on the identical ordering system as present brokerages, the place a purchaser locations a restrict order which is then sold when a corresponding cryptocurrency is out there from the seller . Because the government has been comparatively exchange bitcoin to paypal forum hostile to Bitcoin within the country, there are no clear tax pointers for Bitcoin holders. Taxes on Bitcoin in Saudi Arabia are nearly thus non-existent because the authorities is actively warning investors to keep away from cryptocurrencies. Now you can ship money to the generated handle, or just copy the handle hyperlink and send it to the user from who you’re waiting for the funds from.
A record of each transaction, using anonymised strings of numbers to identify it, is stored on a huge public ledger often known as a blockchain. It has now surged greater than 12-fold as patrons shrugged off increased warnings that the largest digital currency is an asset bubble. 30 November – The first car on the market only in Bitcoin is now out there, based on Auto Trader.
On December 20, 2017, one BCH coin had a value of more than 4000 USD. Despite the truth that the BCH value today is significantly decrease, the coin is still actively traded on almost every cryptocurrency exchange. bitdeal began to offer bitcoin exchange script when bitcoin value was lower than $300, as the trade evolves into several branches we intended to increase our companies for numerous cryptocurrency startups. We Develop 10X secured bug-free bitcoin wallet software to boost your cryptocurrency exchange enterprise transactions to extra strong and secure. is a simplified bitcoin exchange website supply code that can assist entrepreneurs to construct a bitcoin trading platform with anticipated trading functionalities and security features. A bitcoin exchange works like a brokerage, and you’ll deposit money through bank transfer, wire, and other frequent technique of deposit.
It solved the double spend problem, for example, and the Byzantine Generals’ Problem. Because of the bitcoin blockchain, we’ve a secure model of digital money that runs with no centralized entity and cannot be hacked. In actuality, most modern fiat currencies aren’t technically backed by anything both. Some trendy economies – like Canada – don’t even personal important quantities of gold anymore.
Others believe that bitcoin should be used as a means of exchange. Bitcoin mining is all about mining probably the most bitcoin with the fewest assets. With that goal in thoughts, miner producers like Bitmain have created highly-specialized computers devoted solely to mining bitcoin. These highly-efficient machines produced the best attainable hashrate with the least quantity of electrical energy. However, there are nonetheless, by necessity, central figures behind bitcoin’s governance.


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Food agency takes on industry over junk labels Felicity Lawrence
1. Consumers are to be presented with two rival new year advertising campaigns as the Food Standards Agency goes public in its battle with the industry over the labelling of unhealthy foods.
2. The Guardian has learned that the FSA will launch a series of 10-second television adverts in January telling shoppers how to follow a red, amber and green traffic light labelling system on the front of food packs, which is designed to tackle Britain's obesity epidemic.
3. The campaign is a direct response to a concerted attempt by leading food manufacturers and retailers, including Kellogg's and Tesco, to derail the system. The industry fears that traffic lights would demonise entire categories of foods and could seriously damage the market for those that are fatty, salty or high in sugar.
4. The UK market for breakfast cereals is worth ￡1.27bn a year and the manufacturers fear it will be severely dented if red light labels are put on packaging drawing attention to the fact that the majority are high in salt and/or sugar.
5. The industry is planning a major marketing campaign for a competing labelling system which avoids colour-coding in favour of information about the percentage of "guideline daily amounts" （GDAs）of fat，salt and sugar contained in their products.
6. The battle for the nation's diet comes as new rules on television advertising come into force in January which will bar adverts for unhealthy foods from commercial breaks during programmes aimed at children. Sources at the TV regulators are braced for a legal challenge from the industry and have described the lobbying efforts to block any new ad ban or colour-coded labelling as "the most ferocious we've ever experienced".
7. Ofcom's chief executive，Ed Richards, said："We are prepared to face up to any legal action from the industry, but we very much hope it will not be necessary." The FSA said it was expecting an onslaught from the industry in January. Senior FSA officials said the manufacturers' efforts to undermine its proposals on labelling could threaten the agency's credibility.
8. Terrence Collis, FSA director of communications, dismissed claims that the proposals were not based on science. "We have some of the most respected scientists in Europe, both within the FSA and in our independent advisory committees. It is unjustified and nonsensical to attack the FSA's scientific reputation and to try to undermine its credibility."
9. The FSA is understood to have briefed its ad agency, United, before Christmas, and will aim to air ads that are "non-confrontational, humorous and factual" as a counterweight to industry's efforts about the same time. The agency, however, will have a tiny fraction of the budget available to the industry.
10. Gavin Neath, chairman of Unilever UK and president of the Food and Drink Federation, has said that the industry has made enormous progress but could not accept red "stop" signs on its food.
11. Alastair Sykes, chief executive of Nestle UK, said that under the FSA proposals all his company's confectionery and most of its cereals would score a red. "Are we saying people shouldn't eat confectionery? We're driven by consumers and what they want, and much of what we do has been to make our products healthier." he said.
12. Chris Wermann, director of communications at Kellogg's, said: "In principle we could never accept traffic light labelling."
13. The rival labelling scheme introduced by Kellogg's, Danone, Unilever, Nestle, Kraft and Tesco and now favoured by 21 manufacturers, uses an industry-devised system based on identifying GDAs of key nutrients. Tesco says it has tested both traffic lights and GDA labels in its stores and that the latter increased sales of healthier foods.
14. But the FSA said it could not live with this GDA system alone because it was "not scientific" or easy for shoppers to understand at a glance. (626 words)


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Is Hyundai considering new U.S. manufacturing plant? CEO won't say
The chief executive of Korean automaker Hyundai's American operations today refused to say whether the company is considering a new U.S. manufacturing plant as demand surges for its vehicles.
Hyundai Motor America CEO John Krafcik, speaking to about 100 reporters at a media event at the company's technical center in the Ann Arbor area, said the company is facing a production capacity crunch with sales surging.
Angela Cesere | AnnArbor.com
"Yeah, let me give you the top three sites," Krafcik said, laughing. "Sorry for the facetious response."
After another question about the company's deliberations, he offered this: "It's difficult for us to talk about because they're sensitive internal discussions."
Krafcik's comments come as the company is considering an expansion of the Hyundai-Kia America Technical Center on Geddes Road in Superior Township. Superior Township, in cooperation with the Michigan Economic Development Corp. and Ann Arbor SPARK, is establishing a tax-increment financing authority to help Hyundai pay for electrical improvements at the technical center.
Speculation about the company's manufacturing plans come as Hyundai is managing a sustained rise in interest in its cars. Krafcik said the average Hyundai dealer has 26 days of product supply, compared to an industry average of 58 days.
He said he spends much of his time explaining to dealers why the company can't produce more cars right now.
Hyundai's U.S. retail sales have increased by 31 percent this year as the company expects to sell more than 640,000 cars in the U.S. The automaker's retail market share is 5.7 percent, up from 5.1 percent a year ago and 2.5 percent in the first quarter of 2008. Analysts say Hyundai has grown because of its quality improvements and an intense focus on fuel efficiency and affordability.
Krafcik said the company boosted production capacity at its Alabama plant by 10 percent this year, from about 300,000 to about 330,000. The cars made at that plant — including the popular Sonata sedan and redesigned Elantra compact car — are sold in the U.S.
Without providing details, Krafcik said the company would find ways to sell more U.S.-made vehicles in the U.S. in 2012.
"We’re an optimistic company," he said. "We always find ways to get more and do more, even though right now we don’t know the answer."
In recent years, Hyundai has shifted its strategy from a focus on pure volume to a focus on quality, Krafcik said.
"The focus is building great cars, the focus is more on excellence for the consumer," he said. "From that will come profit and growth for the future. It’s a very thoughtful strategy."


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The Tobago Chamber of Industry and Commerce is concerned about the quality of service with the cargo vessel which operates between the islands.
Recently in the parliament Transport Minister, Steven Cadiz said the cargo vessel is operating on one engine.
This, he explained has caused severe inconvenience to business operators and other persons who utilize the service.
Mr Cadiz also indicated that the fast ferry vessels have been taking up some of the slack but admitted the situation is still unsatisfactory.
Tobago Chamber of Commerce Chairman, Diane Hadad, said the situation is putting a strain on entrepreneurs.
Ms Hadad also called for the matter to be corrected with a level of urgency.


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Apple just jumped on the bandwagon! Looking unconventionally redder and much, much, much more Asian (read: tong chiang) than usual, Apple promotes its special one-day Apple shopping event that's set to take place on Friday, 14 January 2011.
Looks like I'm not the only one
with semangat ke-Cina-an these days. =p


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Scottish Government offers support for local online firms
Local traders can bid for grants of up to £5,000
The Scottish Government has launched a new £1m fund as part of efforts to support town centres and promote online businesses.
As part of the Scotland Loves Local scheme, businesses will be able to access grants of between £500 and £5,000 with the aim of encouraging people to spend money in their community via retailers or firms offering sales on the web.
The funding is being provided by the Scottish Government, and administered by Scotland’s Towns Partnership.
Grants can be put towards providing safe shopping information for residents and tourists, the installation of public health infrastructure such as protective screens, physical distancing markers, hand sanitising equipment and PPE.
Chief officer of Scotland’s Towns Partnership Phil Prentice said: “This is an exceptional opportunity for local communities – a chance to get the funding that will unlock some brilliant creativity.”
Communities secretary Aileen Campbell said: “We know money spent locally is more likely to stay in the local economy and support local jobs. The Scotland Loves Local campaign encourages people to think how they can safely support this. This fund will help initiatives supporting businesses, such as projects to encourage safe shopping, business and leisure opportunities, promoting and advertising local providers of online shopping or enhancing visitor appeal.”
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