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Late payment ‘could become acceptable’ in UK
Thousands of businesses need not have failed had the UK enforced a stronger pay-on-time culture, a report has said.
The UK could have avoided 25,000 business failures if buyers paid as promptly as their counterparts in Europe’s economic powerhouse of Germany, said the Federation of Small Businesses (FSB).
The FSB is calling for the government to put “supply chain respect” at the heart of its corporate agenda, introduce a harsher penalty regime and for the Prompt Payment Code to be made mandatory for FTSE 350 companies.
“Uniquely, the UK now risks having a business culture where it is acceptable not to pay SMEs on time,” said Mike Cherry, FSB chairman.
FSB based its calculations on a European Commission equation that relates delayed payments to business failure rates. Using this formula, the FSB found that in 2014, 50,000 firms failed in the UK because of late payment. If the UK late payment rate was improved to Germany’s level, 25,000 fewer companies would have failed.
The FSB calculated that the combined loss of these companies’ turnovers cost the economy £2.5bn.
In the same report, Time to Act: The economic impact of poor payment practice, FSB surveyed 1,000 small businesses and found the average percentage of payments that were reported as late had gone up to 30%, compared to 28% in 2011.
It said this indicated government policies “have had no discernible effect on tackling problems around the UK’s poor payment culture in the last five years”.
The report found 37% of small businesses experienced cash flow problems because of late payments, 30% have been forced to use their overdrafts and a fifth of firms said late payments had hit their profits.
It said 84% of late payments were delayed over a month and the average value of each late payment was £6,142.
FSB said it wanted to make boards of larger companies explicitly responsible for their firm’s payment culture. It recommended firms should be required to report to their shareholders annually on payment practices and appoint a director specifically to represent suppliers.
“Payment culture is set at board level and supplier interest must be represented at the top of the chain. It’s something that CEOs and board members in big businesses must take responsibility for,” said Cherry.
The business organisation also called for the government to “end the delay” in appointing a small business commissioner, first announced in 2015, and give them powers to tackle “supply chain bullying” where larger companies push unfair terms on their suppliers.
“Based on an imbalance of power between large companies and their small suppliers, this now has a chilling effect right across the economy… Big businesses should respect the supply chain and stop using smaller businesses as a credit line by delaying payments and applying bullying tactics,” said Cherry.


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Semiconductor chips are used in just about everything in modern times. They are in nearly all your electronics ranging from computers to cars. Most of these chips are produced in a small number of very large factories. This is because they require very specific and environments where a very complex procedure takes place to create these chips. However, this also means that the supply chain for chips is vulnerable to interruption.
Should one plant get shut down, a significant percentage of chips would not be produced. This is exactly what happened during the pandemic. In fact, many factories had to shut down as employees had to go into quarantine. The result was a semiconductor chip shortage that sent ripples throughout the electronics and automobile industries. This shortage has lasted for a few years now. Is it nearing its end? Watch this video to find out.
According to news that has recently surfaced, some European automobile brands such as BMW have said that they are now running back at their normal capacity. This is great news as the chip shortage was something that was slowing them down before this point. However, other Asian manufacturers have also indicated that they are still low on chips. Regardless, it does seem that chip manufacturers are starting to catch up to the demand after months and months of tireless preparation and planning.

domain: news


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According to the report from New York Times, Great Firewall of China has started monitoring WiFi Traffic.
There have been some new regulations introduced by the China Great Firewall authorities in which they will monitor entire traffic routing through Public WiFi on famous roadside cafes, internet cafes, book stores, libraries and several other places which offer access to free WiFi to public.
In order to monitor the entire internet traffic going through Public WiFi, a software is installed to log all the internet activities on Public WiFi. The software has been designed by Shanghai Rain-Soft Software for around 310,000 USD (approx. 2 million Chinese Yuan). The software has already been delivered to public security officials in Beijing, whereas, publicly released circular claims that the measure has been taken to prevent internet fraud, blackmailing, gambling, spread of damaging information and viruses.
Several businesses including famous cafes and bookstores have seen a major decline in their businesses due to this measure as they are not at all ready to implement this monitoring on their WiFi. Some think they do not want to support Internet surveillance, whereas, many were skeptical of its licensing cost of 3,100 USD (approx. 20,000 Chinese Yuan). Those found running their WiFi without the installation of the software will be fined for 2,300 USD (approx. 15,000 Chinese Yuan).
The software currently is designed to handle 100 users at a time, which makes no sense for small cafes and business having only few users connected at certain point in time. Therefore, according to the survey conducted by New York Times, almost none of the small cafe/business owners are ready to implement this software in their respective businesses.
Previously we have also seen China Great firewall authorities, censoring internet and implementing severe monitoring tools like GFW itself to monitor and censor the entire nations traffic. Just prior to the implementation of this WiFi Monitoring Software, China blocked access to Google+ and various other top international social networking websites like Facebook, YouTube, Twitter and myspace. 12VPN and several other VPN Services helped Chinese netizens bypass internet censorship and monitoring, but they were also blocked and DNS poisoned, from which VPN services later on recovered.
Chinese netizens have been using various circumvention tools to bypass this censorship and VPN has proved to be the last resort for the people in China, due to restrictions on all proxies and circumvention websites. Just recently China also took some actions against VPN Service providers and blocked several VPN Services in China. 12VPN remained most affected, but soon recovered.
In order to avoid this traffic monitoring on Public WiFi hotspots, Chinese netizens will again have to take some help from VPN Service. Using VPN on public WiFi, does not only protect WiFi internet users from WiFi internet sessions hacks, information theft, identity theft but also helps bypassing censorship and internet traffic monitoring on Public WiFi Hotspots.
Following are the VPN Services that Bestvpnservice.com would recommend our Chinese friends to use to avoid this internet traffic monitoring on WiFi Hotspots,
- Happy Secure and Anonymous Internet Life!! They are listed in this Top 10 list because of their experience in Chinese Markets and their unmatched services and offerings. Feel free to add other reliable services if you know.RB = Reported Blocked in Some Areas.
- OV = OpenVPN (Port 443)
Visit Bestvpnservice.com for the list of all VPN providers.
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BOCES students sell out products with their business ‘Future 14′
BINGHAMTON (WBNG) -- 14 New Visions Business Academy BOCES students spent the last four months creating and executing a business of their own.
Thursday they presented their business and accomplishments over a virtual Zoom meeting at the Koffman Southern Tier Incubator in Binghamton.
Business “Future 14, A Junior Achievement Company” produced 400 of two types of products and ended up selling all of them.
The first type was, Cordanizerz, a small piece of silicone with an adhesive back, used to organize office supplies and cords.
The second product, Waxy Wraps, is a bundle of three saran wrap and aluminum foil eco-friendly alternatives.
During the presentation, the students donated $4,000 of their product proceeds to six local charities and non-profit organizations. Future 14′s net income reached a total of $5,530.45.
The donations went to Mother’s & Babies Perinatal Network, Danielle House, A Room to Heal, Willow’s Wings Animal Sanctuary, Crime Victims Assistant Center and St. Patrick’s.
Future 14 CEO Olivia Muse is from Vestal High School and she said the products were an outstanding success.
Each department maintained its own spreadsheets, communicated effectively and prioritized the future of the company. Each student learned how to work collaboratively and run a business successfully and effectively.
Two Junior Achievement volunteers associated with this project were Scott Weissmann from M&T Bank and Sheila Doyle from Binghamton University.
Copyright 2022 WBNG. All rights reserved.


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Havana, Aug 31 (Prensa Latina) The economic and financial blockade of the United States against Cuba maintained for more than 50 years strongly affects the development of tourism on the island, according to a specialized report.
Scheduled to be presented by the Cuban authorities to the United Nations General Assembly on October 31, the text reveals details about the damages suffered by the Cuban travel industry because of Washington’s measures.
Titled Necessity to put an end to the economic, commercial and financial blockade imposed by the United States of America against Cuba, the document shows the negative impact of the blockade on important areas related to services, operations and logistics assurance.
During the period covered by the report (from April 2017 to March 2018), there are direct and indirect effects on insular tourism.
On November 8, 2017, the U.S. Treasury, State and Trade Departments further restricted trade with a direct impact on the arrival of American travelers to Cuba, the document recalls.
The report indicates that in the last quarter of 2017, the arrival of Americans in Cuba decreased 52 percent, which represented the loss of approximately 65,040 40 visitors.
The number of cancellations made to Travel Agencies as a result of alerts issued by the State Department amounted to 240 tourist groups.
In addition, from January 1 to March 13 of this year, the arrival of American visitors decreased by 43 percent, which means 51,677 fewer travelers than in the same period of 2017.
In general, in all sectors, the damages accumulated by the blockade during almost six decades of application reach the figure of 933 billion 678 thousand dollars, taking into account the depreciation of the dollar against the value of gold in the international market.
At current prices, such obstacles cause quantifiable damages for more than 134,499,800 dollars.
That is why in the period in which this report is framed, the blockade caused losses to Cuba in the order of 4,321,200,000 dollars.


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Activision has officially announced Call of Duty: Ghosts, this year's entry in the extremely popular series. A live-action teaser trailer has been released which says a live demonstration will be held during the unveiling of the next generation Xbox on May 21st. A press release issued by the company has confirmed it is in development for the Xbox 360, PS3, PC, PS4, and "next gen platforms." Due to the wording, it is unclear if "next gen platforms" includes the Wii U, and retailers are not taking pre-orders for the game on the system.
And yet, it appears that it may be coming after all. When asked by The Examiner if the game is coming to Nintendo's console, an Activision representative gave the following reply:
We don’t have any news for the Wii U at this time, as we aren’t dating next generation platforms yet. Stay tuned.
While many have debated the status of the Big N's console as a "next generation platform," it looks as though Activision is referring to it as such. It's also worth noting that box art for a Wii U version of Call of Duty: Ghosts was spotted on a Spanish retailer's website a few days ago before being removed after attracting attention. We'll keep you posted. Teaser trailer after the break.


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Estimated read time: 2-3 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — Wall Street's wild ride continues. Stocks have surged to their second-biggest gain of the year, more than wiping out Friday's big loss and leaving the Dow down just slightly for the month. The S&P 500 gained 48 points to 1,969. The Dow rose 390 points to 16,493. And the Nasdaq composite climbed 128 to 4,812. Big moves have become commonplace for financial markets in recent weeks as investors have worried about the health of the Chinese economy and the outlook for U.S. interest rates. Some strategists believe a sell-off in stocks that began in the middle of August is over, while others say there may be more selling ahead.
BRUSSELS (AP) — The European Union has approved General Electric's $14 billion takeover of the power and transmission division of French company Alstom, pending the sale of key parts of Alstom's heavy duty gas turbines business. Tuesday's decision comes in the wake of an investigation to see if the takeover would distort the market. The EU's Antitrust Commissioner said approval of the deal depended on the sale of the gas turbines division, because it would have hurt competition in a sector she sees as key to fighting climate change.
NEW YORK (AP) — Macy's says it will close 35 to 40 stores in early 2016 -- as much as 5 percent of its namesake stores. The company says it hasn't decided which stores it will close yet, but it expects the locations will have about $300 million in combined revenue. Workers at the stores to be shuttered are expected to be relocated to neighboring stores or offered severance packages. Macy's says it closes a few underperforming stores every year. The Cincinnati-based company runs 770 Macy's stores and has closed 52 locations over the last five years while opening 12.
UNDATED (AP) —The chairman and CEO of United Airlines is stepping down in connection with an investigation into dealings with the agency that operates New York airports. United Continental Holdings Inc. says Jeff Smisek and two other senior executives have resigned and railroad executive Oscar Munoz will be the new CEO and president. United disclosed earlier this year that the company and some of its executives had received subpoenas from a federal grand jury for information about dealings with the Port Authority of New York and New Jersey.
NEW YORK (AP) — Dutch drugmaker Mylan says it will launch a $27 billion offer for Irish generic drug and ingredients maker Perrigo next Monday. Perrigo has already turned down several offers from Mylan, so Mylan says it will take the latest offer directly to the company's shareholders. The company said in August it was confident shareholders would reject the bid.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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|Bid||4.2700 x 27000|
|Ask||4.2900 x 34100|
|Day's Range||4.2200 - 4.3600|
|52 Week Range||3.2500 - 7.6450|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.45|
Peloton's stock tumbled after Citron Research issued a 2020 price target of $5. Yahoo Finance’s Zack Guzman and Heidi Chung discuss with Payne Capital Management President Ryan Payne on YFi PM.
GoPro’s stock jumped after the company announced strong sales on Black Friday and Cyber Monday. The GoPro total camera unit sales grew 120% year-over-year during the holiday sales period, with the Hero8 representing 90% of total sales. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristin Myers discuss on YFi AM.
GoPro, Inc. (NASDAQ: GPRO) today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2019, after the market closes on February 5, 2020.
Hey CES veterans, remember in 2018 when the convention center power went out? GoPro, Inc. (NASDAQ: GPRO) is coming prepared this year with its new Light Mod—the world's most versatile light that will keep its booth shining, no matter what happens. Along with Light Mod, GoPro will be giving exclusive first looks at the full HERO8 Black modular accessory line, including Media Mod, available for pre-order tomorrow, Jan. 7, and Display Mod, available in March.
Action camera maker GoPro's (NASDAQ:GPRO) glory days are long past. At its current $4.40, GoPro stock has lost more than 95% of its value compared to the heady days of 2014 when it seemed like everyone wanted to strap a GoPro camera onto their bike, drone, helmet or surfboard. Even 2019 has been roller coaster ride for investors.Source: Larry George II / Shutterstock.com GPRO stock started out the year on a rally, climbing to $7.55 in May before a series of spikes and dips, including a steep drop of 33% in the first week of October when the company slashed revenue and earnings forecasts. In December, GoPro stock has put together a bit of a rally, gaining nearly 14% since the start of the month. But will this one last, or is it just the prequel to the next big drop? HERO8 Black Delayed, GPRO Investors DeniedThe most recent big GPRO stock move took place in the first week of October and it was a brutal one for investors. Once again, the company ran into production delays of a key product just in time for the critical holiday sales season. This time it was the new GoPro HERO8 Black camera that was delayed. As a result, the company revised full-year revenue guidance for 2019. Instead of the expected growth of 9%-12%, GPRO is now predicting full-year revenue growth in the 6%-9% range.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 'Strong Buy' Stocks to Put on Your Wish List The market was not impressed by the news and punished GoPro stock, losing a third of its value in a matter of days. After a brief rally followed by another dip, GPRO stock is now up 29% from its October low point, and 2.8% for 2019. Big Name RivalsProduction delays are a result of fierce competition forcing GoPro to push the envelope with its new action cameras. The company faces some very tough competitors, with name-brand recognition, global distribution, advanced technology and big marketing budgets. Companies like Sony (NYSE:SNE) and Garmin (NASDAQ:GRMN). One of the reasons behind the collapse of GPRO stock in May -- when it lost 16.5% in two weeks -- was the news that Chinese drone maker DJI was entering the action camera market. DJI's Osmo is a premium camera with performance comparable to GoPro's best (plus new features), but priced $50 less. Bottom Line for GPRO StockAt this point, GRPO stock is underpinned by a one trick pony. Yes, the company has expanded its offerings to include more accessories, a 360-degree camera, apps and even a monthly subscription service. Ultimately, though, everything the GoPro does rolls up to action cameras. An attempt to diversify into drones in 2016 crashed and burned spectacularly. * 5 Large-Cap Dividend Stocks to Buy Smartphones may have effectively killed the point-and-shoot camera, but the global market for action cameras remains remarkably resilient. Social media demands a constant stream of cool video and even though smartphones are increasingly water resistant, they are also increasingly expensive. Consumers don't want to risk it. Once expected to be the next victim the smartphone, a recent report pegged the global action camera market to more than double from 2017's $4.24 billion in sales to $9.38 billion in 2023.The problem is that GoPro no longer has the lock on the market that it once did. In 2014 when GPRO stock hit near $87, the company had a 42% share of global action camera sales. Its HERO cameras were clearly superior to the competition, allowing it to price accordingly and enjoy fat profit margins. Today the company faces high-profile, big-name competition in that battle for consumer dollars. That means sliding market share, a relentless need to innovate and pricing pressure.In other words, despite predictions of growth for the action camera market, the future looks like more of the same for GoPro stock. Flat growth, punctuated by spikes and dips corresponding to events like holiday sales and panic over production challenges and new competitors. Not a pretty picture.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post With Heady Days Behind It, Can a GoPro Stock Rally Last Into 2020? appeared first on InvestorPlace.
Light up your holidays—and your creativity—with the now-shipping GoPro Light Mod, a standalone light that is waterproof, rechargeable and compatible with all GoPro mounts. The compact and powerful LED light will illuminate your scene or subject with wide, even brightness for crisp detail, sharp colors and footage that "sleighs." Or use Light Mod as an ultra-convenient mountable, wearable light using the wide array of existing GoPro camera mounts which are all compatible with Light Mod. Use it as a headlamp with the Head Strap, as a floating light with The Handler or a belt-light on the new Magnetic Swivel Clip ... our elves have thought of it all. Existing GoPro owners already own many of these accessories, and new users will find whatever they need at an affordable price, making Light Mod truly the world's most versatile light.
Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We really hate to see...
Peloton (NASDAQ:PTON) bulls are sweating the weight of bearish headlines this week. But does today's pullback present a healthier entry into PTON stock or should investors be running scared? Let's take a look at what's happening both off and on the price chart to reach a stronger risk-adjusted determination.Source: Sundry Photography / Shutterstock.com If you're wondering what's going to be under the Christmas tree this year, it could be a Peloton fitness bike if we're to believe the company's holiday ad campaign. But don't buy everything the ad is selling or you may find yourself sleeping on the couch.In a nutshell, PTON stock's television spot has received a good deal of criticism tied to its sexism and antiquated spousal relationships. The ad has even enjoyed a subtle poke in the eye from Ryan Reynolds' Aviator Gin. The upstart beverage company spoofed the commercial with its own video using the same lead actress, while spending time with friends away from her bike and husband.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPeloton's ad campaign helped promote a bit of backlash on the part of investors. But, given how poorly bad press like this has impacted other companies longer term, PTON stock bulls are probably done sweating that issue. But that's not PTON stock's only problem. * The 10 Worst Dividend Stocks of the Decade Already a name sporting its share of skeptics such as InvestorPlace's Dana Blankenhorn, PTON stock has come under pressure this week following well-followed short-selling outfit Citron Research's bearish call on the exercise equipment manufacturer. The firm issued a sell recommendation and price target of $5.00 on shares during Tuesday's session.Citron likens PTON to other familiar and once-prized discretionary consumer outfits Fitbit (NYSE:FIT) and GoPro (NASDAQ:GPRO). Both names of course went from red hot-to-not as overzealous expectations got trampled by fundamentally flawed realities. Backing the short-seller's outlook are doubts over Peloton's digital strategy, which it sees as unsound and uninspired hardware differentiation to fend off competition.The firm's front-man Andrew Left does make a nice case for sounding the alarm bell on PTON. But after two sessions of reactionary selling, I'd suggest using the price chart to set future mindful warnings. Moreover, I'd recommend investors be prepared to ride PTON stock higher first. PTON Stock Daily Price Chart Source: Charts by TradingViewThere's no guarantees Peloton shares will go on to be the next Amazon (NASDAQ:AMZN) or Netflix (NASDAQ:NFLX). In fact, I'd strongly warn against that kind of optimism. But it would be wrong to ignore a technically strong PTON stock, which has been making all the right moves for bulls.A first-stage cup breakout last month went on to provide gains of as much as 25% in just over three weeks. And despite this week's losses, shares of Peloton remain in constructive shape. Currently, PTON stock is finding support above former pattern resistance in a bullish hammer pattern. PTON Stock StrategyI'd recommend buying PTON stock above $33.50. This entry provides evidence a bottoming candle within the trend that is in place. It also waits for a small bit of price momentum as shares will need to reclaim this week's opening price before making a purchase.I'd set an initial price target of $40 on Peloton shares. The momentum crowd could easily make a new leg to fresh highs in shares, so there's no reason to be too overly defensive just yet. Aside from a nice round number, $40 is also where Fibonacci resistance comes into play within a mirror move pattern. If this plays out leg "AB" will eventually be matched by an identical price move from leg "CD." * 7 Earnings Reports to Watch Next Week If PTON stock can really get ahead of itself like GPRO stock did, a move through the 100% completion level or even $50 a share is when PTON might become a more interesting short candidate.In the event new highs aren't reached, I would advise bullish investors to act on Citron's warning. Given this strategy's entry requirements, I'd set a stop-loss beneath $31. Bottom-line, this exit minimizes exposure on signs of technical weakness within PTON's volatile framework. It also smartly avoids unnecessary, but possibly real panic sweating down the road.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade * 7 Tech Stocks to Stuff Your Stocking With * 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 The post This Is Why Peloton Stock Remains a Buy appeared first on InvestorPlace.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
“We promise that we will look back in 3 years and remember Peloton as a $10 billion company and our only regret will be that we were not short more,” Left added.
Peloton has an $8.8 billion enterprise value and just 600,000 subscribers. Left said the stock’s $15,631 in EV per subscriber is astronomically high compared to peers such as Planet Fitness Inc (NYSE: PLNT) ($553) and Fitbit Inc (NYSE: FIT) ($47). Left admitted to owning a Peloton bike and said his bearish take on the stock has nothing to do with the quality of the product or the company and is simply a reflection of his take on the stock’s valuation.
Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.
Benzinga Pro's Stocks To Watch For Wednesday Salesforce.com (CRM) - Released Q3 EPS and sales results, which beat analyst estimates. The company issued Q4 EPS guidance of $0.54-$0.55, which is below the ...
Shares of GoPro Inc. increased more than 4% in after-hours trading Tuesday after the company said that its new camera enjoyed record sales in the kickoff to the holiday-shopping season. "We planned for a big Black Friday and Cyber Monday, and according to the sell-through data from our large U.S. and European retail partners as well as our results on GoPro.com, we crushed it," Chief Executive Nick Woodman said in a news release, adding that the performance "positions us well" to report a profit this year and increase earnings and revenue in 2020. GoPro reported that the new Hero8 Black camera "sold at record levels," representing 90% of sales on GoPro's website, which saw camera unit orders increase 120% from the same period last year. Sell-through increased 30% in the U.S. and 20% in Europe, GoPro said, citing data from retail partners. GoPro stock suffered after the company admitted that it was struggling with production delays on the Hero8 Black, a problem that has hurt GoPro's holiday performance in the past, but bounced back after stronger-than-expected third-quarter results. Shares closed Tuesday with a 0.8% gain at $3.86, then topped $4 in the extended session after the news was announced. The stock is down 9% so far this year, as the S&P 500 index has gained 23.4%.
GoPro, Inc. (NASDAQ: GPRO) today announced a strong Black Friday and Cyber Monday shopping period. The Company reported year-over-year sell-through growth of 30% based on available data from its larger U.S. retail partners and 20% based on available data from its European retail partners during the Black Friday week. In addition, GoPro.com achieved more than 120% year-over-year growth in total camera unit sales during the entire Black Friday / Cyber Monday period, where HERO8 Black sold at record levels, comprising more than 90% of total sales.
Miller Value Partners recently released its 2019 Q3 investor letter – you can download a copy here. We just published another article about Bill Miller's comments earlier today. The investment management firm did not have a good third quarter, experiencing a 1.81% decline, while the S&P 500 rose 1.70%. One of the top contributors for the fund over the […]
Qualcomm, GoPro, NVIDIA, Microsoft and Micro Devices highlighted as Zacks Bull and Bear of the Day
GoPro's third-quarter report was mostly in-line with management's pre-announcement, but its updated full-year guidance implies a "high bar" is set for the fourth quarter, Woodring said in a Friday note. The math behind the 2019 guidance implies that 46% of total revenue will come in the holiday season quarter, which is the highest fourth-quarter mix in company history, the analyst said. First, the holiday season is six days shorter year-over-year, and forecasting consumer demand is never an easy task.


text: 2015 marks the 25th Anniversary of the Nike Air Max '90. To celebrate, Nike is set to release this "Cork" edition of the classic runner. They come in a bronze, black, infrared and white colorway. Featuring a cork-based upper with infrared and black accents. A limited release, look out for them at select Nike accounts worldwide, in late of April of 2015. Retail is set at, $135.


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Hesitating before you answer this question is perfectly normal. According to a survey by Deloitte conducted in partnership with Forbes, which interviewed over 1,500 executives around the world, only 14% stated that their companies are prepared for the changes being brought on by the New Economy 4.0. So, you would be in good company if your answer is “no.”
Industrial Revolutions Shaping the New Economy
Steam powered the first industrial revolution, which took place in the late eighteenth century. One hundred years later, electricity and assembly lines made mass production possible. In the 1970s, the third revolution was made possible by automation, computers, and connected networks.
We are currently in the throes of the fourth industrial revolution. This latest paradigm shift is the result of exponential advances in an array of different technologies, which, when combined, further enhance their transformative power.
We’ve talked before about disruptive technologies here, and how they mesh together to change businesses, the job market and society itself. This is precisely the characteristic that defines the Economy 4.0. The digital and the real are irretrievably melded. Artificial intelligence, IoT (the Internet of Things) and digital analysis are directing actions in the real world. In the new order, where small companies can grow rapidly into major players, new technology-based companies are constantly created, and giants occasionally stumble, every executive ends up wondering if their company is on the right track.
You can see clear evidence of this paradigm shift in the ranking of the world’s most valuable brands. Iconic brands like Coca-Cola, Nike and the like are no longer at the very top. Technology companies like Google and Amazon now hold all the cards. It can even be difficult to define these brands areas of operation since they are so diverse and involve so many new fields of activity.
Four impacts of Economy 4.0 and why so few are prepared for the change
Deloitte’s research has raised four major points of impact, all of which are pillars of competitiveness in today’s market. They are Society, Strategy, Talent and Technology. Like everything in this era, these pillars are interconnected and mutually reinforcing.
Let’s start with the potential impact on society. In the survey, executives stated that they believe that companies will shape society in the future, not governments. Advances in the economy now permit the delivery of services that in earlier times were unable to reach a large part of the population.
It is based on a synergy between technological innovation and high scalability, generating cost savings and facilitating access to new consumers. The mass micro-credits that financial institutions can currently extend, thanks to technology, are an excellent example.
In the field of strategy, short-term vision is losing ever more relevance. Broad, long-term, sustainable approaches are driving the market. A business may be profitable at the moment, while at the same time clearly not geared for the future. The most obvious case is the dichotomy between the hybrid car and industries. Tesla hasn’t yet assumed a market leading position, but its gaze is firmly aimed at the future when the time of fossil fuels will be closer to an end.
On the other hand, according to the survey, one of the current challenges is a lack of focus. 56% of the respondents emphasised the importance of increasing productivity – a traditional goal which fails to embrace the idea of broad and disruptive concepts. Thinking in the same way, without attempting to do something different, such as connecting supply chains, streamlining processes, making systems agiler, and reaching new markets, will cause the company’s performance and results to stagnate.
>> Recommended reading: An agile methodology for your company
The more process automation and the integration of artificial intelligence figure into decision making, the more talent becomes an increasingly valued capability. We have tools for operational work and no longer need to know everything, but it is important to understand where and how to find the correct information quickly. Many executives still fail to comprehend the urgency of bringing together a talented team to stand out in the new economy, version 4.0.
>> Recommended reading: Trends defining the composition a high-performance team
Historically, technology has created more jobs than it has eliminated. However, change creates uncertainty and relying on today’s systems and teaching structures is not enough to guarantee that the relevant talent to fill newly created job needs will be properly trained. Taking this into account, it is no wonder that only 14% of executives believe that their companies are prepared for the new economy.
The driving force behind the fourth industrial revolution is the fusion of the digital with the real. The application of new technologies is causing profound changes to business models. That is why technology giants like Amazon, Google, Apple and Netflix are expanding their areas of operation, creating a cascade effect in the economy and leading to a number of ramifications.
The result has been a sequence of turning points in our method of thinking, developing, and delivering solutions. The companies that are able to use disruptive technologies to engage suppliers, employees and customers are the ultimate beneficiaries. However, the point is that the vast majority of existing companies are not prepared for the new economy. The lack of preparation is compounded by the fear that competition is responsible for real change. It is another of the biggest challenges associated with the new economy.
>> Recommended Reading: I, Robot: Robobosses are Micromanaging Machines
What are you doing to prepare?
The combination of these four points of impact is generating the paradigm shifts that are causing dramatic changes in our day-to-day lives. How long will people still get together to watch TV? When will the new urban mobility structure become a reality?
If we move our considerations from theory to reality, the anxiety about not being prepared for Economy 4.0 can also go hand in hand with excitement regarding the immense array of possible new fields of business.
According to a study by Brazil’s National Confederation of Industry, 77.8% of Brazilian companies are still in the first and second technological generations. A profound transformation will occur here in the next ten years, when more than half of the local industries will migrate to the third and fourth generations which include the use of robotics, new materials, energy storage, big data, cognitive technology, among others.
>> Recommended reading: How data can to help you make more accurate assessments
A valuable tool to help you migrate to the Economy 4.0
What should you do now? Start by building a talented team and make use of the latest technology to drive your performance intelligently. As far as your workflows are concerned, you can count on Runrun.it’s management platform.
Runrun.it is a powerful task management, team communications, reporting and project development tool. Sign up for a free trial and start preparing yourself for the new world of Economy 4.0: http://runrun.it


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On April 17, Netflix, Inc. (NFLX 3.55%) will report its Q1 earnings. Last quarter, the company predicted that it would add 5.2 million more users of its streaming service in Q1. If the company meets that target, it will have ended the quarter with 99 million streaming subscribers worldwide. The table below shows how Netflix has done over the past several quarters in adding streaming subscribers.
|Subscriber||Q1 2016||Q2 2016||Q3 2016||Q4 2016||Q1 2017 Forecast|
|Adds||6.74 million||1.68 million||3.57 million||7.05 million||5.2 million|
|Total||81.50 million||83.18 million||86.74 million||93.80 million||99.00 million|
The first quarter of 2016 benefited from Netflix's expansion to 130 new countries. The second quarter's weakness can partly be explained by price increases, and that is now firmly in the past. Combine that with Netflix's history of beating its own subscriber estimates and the fact that it will have 16 days of the second quarter under its belt when it reports, and I'm going to go out on a limb and predict that Netflix will announce 100 million total streaming subscribers when it reports.
The price increase is in the rearview mirror
Netflix should no longer be seeing a drag on membership from price increases that went into effect last year. Initially announced in 2015, the most popular plan for U.S. subscribers increased from $7.99/month to $9.99/month. All new subscribers paid the higher price upon joining the service beginning in 2015. Though existing subscribers were notified of the price increase in 2015, the actual increase took place on a rolling basis throughout 2016.
The U.S. price increase hurt Netflix's U.S. subscriber growth throughout 2016. For the second quarter, management reported that "churn ticked up slightly and unexpectedly" as more people than expected turned off their account and the company missed its guidance of adding 2.5 million subscribers in the quarter. The stock price dropped 13% the next day.
Netflix should not see a repeat performance this year and as a result I feel fairly confident the company will guide to at least a 2.5 million-subscriber increase for Q2 of this year at a minimum.
A track record of overdelivering
Looking back over the past two years, Netflix management has beaten its own guidance seven out of the past eight quarters. Below is a chart showing the guidance for each quarter, the actual results, and the difference between the two.
|Quarter||Guidance||Actual Results||Difference Between |
Guidance and Actual
|% Difference |
|Q1 2017||99.00 million||due April 17||N/A||N/A|
|Q4 2016||91.94 million||93.80 million||1.86 million||2.02%|
|Q3 2016||85.48 million||86.74 million||1.26 million||1.47%|
|Q2 2016||84.00 million||83.18 million||0.82 million*||0.98%*|
|Q1 2016||80.86 million||81.50 million||0.64 million||0.79%|
|Q4 2015||74.32 million||74.76 million||0.44 million||0.59%|
|Q3 2015||69.10 million||69.17 million||0.07 million||0.10%|
|Q2 2015||64.77 million||65.55 million||0.78 million||1.20%|
|Q1 2015||61.44 million||62.27 million||0.83 million||1.35%|
Over the past eight quarters, Netflix has exceeded guidance by 0.82% on average. If the company exceeds its 99 million-subscriber guidance this quarter by 0.82%, it will record an additional 812,000 subscribers, for a total of 99.8 million subscribers by March 31, the last day of the quarter. Close to 100 million but not quite there.
The next quarter is already underway
Netflix's second quarter began on April 1 and consists of 91 days. Sixteen days of Q2 will have passed before Netflix reports results; that is 18% of the quarter. Although the second quarter is typically slow for Netflix new subscription ads, it would be quite a disappointment if the company forecast fewer than 1.68 million new subscribers for Q2, which would equal the weak showing of last year's Q2. With the price increase out of the way I would expect to see the company guide for at least 2.5 million new subscribers for this Q2, which is the guidance management gave last year.
If subscriptions come in smoothly over the quarter, one could expect that 18% of the Q2 additions would occur prior to April 17. If we take 18% of the 1.68 million new-subscriber number from last year's Q2, that would work out to 300,000 new Q2 subscribers by the time Netflix reports. If we add that to the 99.8 million guidance-beating estimate for Q1 in my last section, that would give the company more than 100 million subscribers.
If Netflix does not make a big subscriber announcement along with its earnings report, I would expect it to happen very soon thereafter.


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Burgundy estate Domaine de la Romanée-Conti (DRC) topped the annual Sotheby’s Wine Ranking for the third year in a row, with more than US$10m-worth of wine sold during the year.
The top 10 list, now in its third year, calculates fine wine sales from Sotheby’s auctions and retail operations, with the aim of creating a ‘high-level snapshot’ of global demand for fine wine.
Sotheby’s auction receipts totalled $60.4m in 2015, down 7.5% on the year before despite a number of high-profile, single owner auctions and direct from the winery sales.
Burgundy was the big winner last year, accounting for 40% of Sotheby’s total sales (up from 26%), not far behind Bordeaux’s share of 46% (down from 62%). DRC alone accounted for 17% of the company’s worldwide sales.
An auction of wines direct from Château Mouton Rothschild in January last year helped elevate Mouton to second place on the list, overtaking Pétrus, Château Lafite Rothschild and Château Latour with total sales of $6.1m – still some distance behind DRC at $10.3m.
Another sale of wines direct from Château Margaux lifted the property into fourth spot, despite a slight fall in total sales.
But of the six Bordeaux properties in the top 10, only Mouton recorded an increase in sales last year, in contrast to leading Burgundy domaines DRC (up 16%), Armand Rousseau (up 88%) and Georges Roumier (up 113%).
Asian buyers accounted for 52% of sales (down slightly from 55% last year), compared to 30% from North America (24% in 2014), 15% from Europe (18% in 2014) and 3% from Latin America (2% in 2014).
The top-grossing lot of the year was a six-bottle case of DRC 1990, which fetched $158,000 in Hong Kong.
Jamie Ritchie, CEO and president for Americas and Asia at Sotheby’s Wine, highlighted the success of the company’s single owner and direct from the winery sales, which he said represented over half of turnover at $33m.
Aubert de Villaine helps pave way for Crémant de Talant...
Consumer demand for Domaine de la Romanee-Conti and vintage Krug Champagne helped Zachys to achieve one of the biggest New


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In court, attorneys for the state claimed that, in theory, Israel it doesn’t oppose exit of processed foods manufactured in Gaza to markets in the West Bank and abroad. So why won’t it accept an application from a company trying to coordinate the exit of its products from Gaza to the West Bank?
In May this year, Israel’s High Court heard a petition (Hebrew) filed by Gisha against the Minister of Defense, COGAT, COGAT’s Gaza Coordination Liaison Administration (Gaza CLA), and the Israeli Land Crossing Authority on behalf of the owners of Sarayo Al Wadia, a Gaza-based company that manufactures sweets and snacks and is looking to market them outside the Strip. In the petition, we demanded that Israel enable Gaza manufacturers to sell and export non-agricultural goods, including all types of processed foods, from Gaza to markets outside the Strip.
In its preliminary response to the petition, Israel made three central arguments. Firstly, that there is no prohibition on exit of processed foods from Gaza. Secondly, that it never received the multiple applications submitted by the owners of Sarayo Al Wadia to coordinate the exit of their products. Lastly, the state admitted that it hasn’t established a mechanism for coordinating the exit of goods in compliance with Israeli Health Ministry requirements, though it failed to explain why no coordination mechanism has yet to be instituted.
On the day of the hearing, Gisha submitted an affidavit by the Palestinian official in charge of coordinating commercial transport of goods with Israel. His statement emphasized that the Israeli side refuses to accept applications for coordinating the exit of processed foods from the Strip, and therefore, that there is no possibility to submit such applications. We also attached our own correspondence with the Gaza CLA, where it claims to be processing an application by the owners of Sarayo Al Wadia, contradicting Israel’s allegation whereby it never received their applications.
At the hearing, the court declined to conduct a principled discussion on Israel’s refusal to allow Gaza companies like Sarayo Al Wadia to market their products outside the Strip. Instead, the court advised the petitioners to erase the petition, and directed them to submit another application to coordinate the exit of their goods from Gaza.
In late June, company owner Wael Wadia turned once again to the Palestinian Civil Affairs Committee in Gaza in order to submit another application, as instructed by the court, only to find himself facing the same situation: The committee would not accept his application on the grounds that Israel does not enable processed food products from Gaza to be marketed in the West Bank. In a letter of complaint to the head of the Gaza CLA, we noted that this directly contradicts what Israel had claimed before the High Court earlier this year. The CLA hasn’t responded.
On May 28, we also sent a letter to the director general at the Israeli Health Ministry asking what steps have been taken to set up a mechanism to enable Gaza manufacturers to sell and export processed foods outside the Strip in accordance with the ministry’s requirements, whether there is an active process taking place to establish the necessary procedures, and what the timeframe is for completing the necessary checks. More than two months later, we have yet to hear back from them.
The fact that food products have not exited the Strip since Israel tightened the closure in 2007 is not the result of a procedural error, but rather an expression of Israel’s disturbing disregard for its ongoing responsibilities towards Palestinian residents of Gaza. While Israel claims to be taking measures to allow economic development in the Strip, in practice it stymies efforts made by manufacturers to expand their businesses beyond the local market. We maintain that Israel must fulfill its obligations to enable normal life in the Strip by removing the obstacles it has put in place and allowing manufacturers in Gaza to market their goods outside the Strip.


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Islamabad—The Kinnow export to Sri Lanka will be reduced by 60 per cent because of the new tax levied on import of agriculture products. Chief Executive Officer of Harvest Trading Ahmad Jawad told APP that with the imposition of new tax by Sri Lanka, the duties on many export items from Pakistan have been doubled. The duty on Kinnow has increased from $2.19 per 13 kilograms to $4.47. Likewise, the duty on onion has increased from 9 cents to 22 cents per kilogram and on potato from 4.5 cents to 30 cents per kilogram.
The levying of tax is likely to affect 13000 to 15000 tonnes of Kinnow export to Colombo this year, he said. He said that despite the Free Trade Agreement (FTA) signed between Pakistan and Sri Lanka, the export of commodities like fruit and vegetables from the former to the latter will be affected because of the imposition import duty by Colombo.
“The recently imposed tax has started affecting the exports of agricultural products to Sri Lanka which may reduce the over all exports of the country”, Jawad said. It is worth mentioning here that Sri Lanka is the major importer of onion, potato and kinnow from Pakistan.
A Special Commodity Tax has been imposed by Sri Lanka on Imported Agricultural Products such as Green Gram, Black Gram, and others to protect its domestic farmers for three months. Pakistan exported almost 35000 tonne potatos last year. There is no additional duty on imports of Pan, Chalia, Coconut Powder, Pineapple, and others from Sri Lanka to Pakistan.


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For a few days now, this news has been spreading like wildfire: “Google Shopping will be free for everyone”. The trigger was a postby Bill Ready (President Commerce, Google) on the official Google blog with the euphonious headline “It’s now free to sell on Google”.
Okay? Why does Google decide to suddenly make this service free again? A brief digression: In 2002, Google launches product search under the name “Froogle” and enables retailers to list their own products free of charge. Yes really, it didn’t cost anything back then. However, most people did not know what to do with the name Froogle and so 5 years later it became simply “Google Product Search”. And it was still free of charge. Only in 2013, when the service was already called Google Shopping, the product listing became chargeable.
So what happened now? Loosely translated, Bill Ready says in his post, “In light of the challenges created by the Corona pandemic, we are moving forward with our plans to make it free for merchants to sell on Google.
Anyone who owns an online store and places ads via Google or would like to do so in the future can now rejoice. Right? If you read the article more closely, it becomes clear that the statement “It’s now free to sell on Google” should be viewed a little more toned down:
“Beginning next week, search results on the Google Shopping tab will consist primarily of free listings”
Means: The product listing is only free of charge within the shopping tab and that only partially.
In plain language: The more prominent places directly in Google search remain chargeable!
Prominent placement of Shopping ads in Google search:
Placement in vertical shopping search:
In addition, paid campaigns will only be augmentedwith free listings. “For advertisers, this means paid campaigns can now be augmented with free listings.” However, since Ready talks about the listings here being “mainly free,” we can assume that the largest portion is made up of free ads.
So far, this has only been rolled out for the USA since the end of April. Google plans to make the free ads available to everyone by the end of the year.
It remains to be seen how the visibility will actually improve for the own store and according to which criteria the product ads will then be played out. It remains exciting.
Two questions remain:
- Was this just a clever move by Google to appeal to merchants who have not yet advertised on Google Shopping?
- Or are there really altruistic intentions behind helping affected traders in the Corona crisis?


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It’s no secret that the average iPhone user replaces their smartphone much sooner than the average Android users, and some people believe that this is because Apple weakens older iPhones whenever a new one is released. There’s not much evidence to support that claim, however, and Apple claims that it expects iPhone users to replace their old smartphones after three years, even though most of them do so after one or two. This claim is supported by that fact that Apple brings iOS updates to iPhones for three years after their release, or even longer in some cases.
Apple has said that it expects so-called first owners of £500 iPhones, iPads and Apple Watches to replace them after only three years of use, and Mac computers only four. As part of the company’s new environmental push, which includes its new Apps for Earth campaign with the WWF, Apple has listed how long it expects its products to last for their “first owners” and therefore how much they contribute to the greenhouse gas lifecycle. Within a new question and answer section Apple said: “Years of use, which are based on first owners, are assumed to be four years for OS X and tvOS devices and three years for iOS and watchOS devices.” That assessment doesn’t take into account the recycling of devices, their reconditioning and their resale, of course, but when you buy a new iPhone 6S for £539, Apple expects it to last three years, something many suspected. Apple has been accused of intentionally slowing down iPhones every time a new one is released, although there is little evidence to support the theory. Until recently the company only provided software support for an iPhone or iPad for around three years, typically providing two major iOS version updates from the moment they were released. The launch of iOS 8 and then iOS 9, which still supports the iPhone 4S released in October 2011, changed that.


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Cannon is used on most of the shoe's upper while slate blue covers the toe and side panels. Team Orange and Volt are used as accents on the shoelaces, heel tab, and outsole to complete the shoe. Have you ever seen the latest addition to the nike air max 90 essential damen? There are several previews of photos in the internet of this latest product.
The nike air max 90 damen sale edition is one the greatest addition to your collection. Now it is really getting good. Or, should I say, it is getting better. The newest colorway of the Lebron 9 has been spotted. Already we have seen the new Lebron 9 in it's original Black/Red colorway.
In addition, the "Scarface", "China", and "Cannon" colorways have been uneveiled. Now, the new Cool Grey/Vivid Grey/Black/Cherry colorway joins an already stellar group of colorways that make up the new nike air max 1 premium. The LeBron 8 Playoff Pack: The Next Stage of the Evolution.
Since the new NBA Season is just around the corner, shoe brands are now introducing the different signature shoe models that will be out in the near future. One of those is the soon to be released edition of Miami Heat superstar LeBron "King" James signature shoe line, the nike schuhe damen günstig.
Nike has been producing this new balance 574 damen line since he entered the league on 2003. Different models have been released and this will be the ninth edition for the LeBron signature shoe line. Fortunately, they have been successful with the line and no doubt that it is one of the higher selling lines worldwide.


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DENVER – Smashburger, best known for its smash-to-order burgers, now offers grilled chicken strips and Musselman’s Unsweetened Squeezables applesauce on its children’s menu. The company said the new addition came in response to customer demand for healthier options for children.
“We’re thrilled to introduce new better-for-you items to our Kids Meal Menu,” said Tom Ryan, co-founder and chief concept officer for Smashburger. “These additions are a result of our core consumers asking for more Kids Meal options. We pride ourselves on having an innovative menu that is constantly evolving, so we’re extremely excited to see how our fans like our new better-for-you kids meal options.”
Smashburger’s offerings for children include Certified Angus Beef burgers, beef hot dogs and crispy chicken strips. Organic drink options include Horizon Milk and Honest Kids Juice.
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Castrol, a leading manufacturer, distributor and marketer of premium lubricating oils, has launched its Castrol Professional range as the first CO2 neutral engine oils, during an event in Dubai.
The Castrol Professional products h
Bahrain has called to distance schools from political struggles at a special forum on the sidelines of the 36th Unesco General Conference in Paris.
The kingdom recommended the move to avoid polarisation 'which may sow dissension and sp
Credit Suisse downgraded DP World to "neutral" from outperform as it sees trade growth slowing down for the port operator in the second half.
"Some weakness in global trade seems unavoidable according to the recent leading indicators
The consumer confidence in Kuwait is neutral for the second half of 2009, says a study, with several consumers still optimistic about regular income and employment for the six months ahead.
According to the latest 'MasterCard Wor


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Intel announces silicon photonics breakthrough
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Monroe, LA -
Superlift Suspension Systems, manufacturer of quality suspension
and steering components for domestic and import two and four-wheel
drive trucks and SUVs, is proud to announce it has moved into
a new 63,000 square foot facility. This new building serves as
Superlift's national headquarters and houses all warehousing operations
in addition to over 9,000 square feet of administrative offices.
It is located next to Superlift's existing 53,000 square foot
Manufacturing and Research and Development facility, which was
subject to an expansion less than two years ago that doubled its
new facility will take virtually every aspect of Superlift to
the next level in terms of the quality and efficiency of our overall
operations," said Bret Lovett, President and CEO of Superlift.
"Combined with our existing manufacturing and research
and development facility, this new complex proves that we are
committed to providing the highest quality suspension products
in the industry as well as the customer service to back it up."
to the new warehouse and office space, there are several internal
improvements, including all-new computer and phone systems. A
new weight-checking and labeling system for finished goods has
been improved and expanded to increase accuracy and efficiency
while drastically reducing packaging errors.
expansion efforts will not stop with the new building. The company
will soon break ground on a new powdercoating facility that will
be located behind its manufacturing center. "Once the powdercoating
system is online, we will have every aspect of our bracket manufacturing
and machining processes in-house, which will provide a level of
quality control that is unmatched in the suspension industry,"
300 Huey Lenard Loop Rd.
West Monroe, LA 71292
Tech Support: 800.551.4955


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A Barneys New York attorney informed a bankruptcy court Thursday that "advanced negotiations" have gone down with a possible buyer. Per sources cited in a new Women's Wear Daily report, that possible buyer is Kith investor Sam Ben-Avraham.
The sale price, the report adds, is estimated to be in the $220 million range. Though Ben-Avraham is not the sole party to have expressed interest in a buy, the report states that Ben-Avraham is one of only two to have outlined their intentions as centered on taking on the entire company "as a going concern." Other alleged interest-expressers (including Neiman Marcus' parent company Ares and Nordstrom Inc.) are said to have only wanted intellectual property or other assets.
Ben-Avraham was not named in court. However, a Barneys attorney said the company was on track to have reached a deal by Oct. 11, the same day a hearing is expected.
Back in August, Barneys initiated a Chapter 11 filing. At the time, Business of Fashion listed the brand’s liabilities as being between $100 million and $500 million. The Chapter 11 filing allowed Barneys to remain open for business while working out a path toward debt repayment.
For a more detailed and readable breakdown of the possible power of a Ben-Avraham buy, look no further than GQ's Rachel Tashjian, who noted that peak Barneys successfully represented the spirit of New York. That New York, however, is no longer recognizable amid a consumer environment driven by streetwear tastemakers and more modern-leaning experiential approaches to retail.


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A handful of new Google devices went on sale today, and already some have sold out.
The new LG Nexus 4, Google's latest flagship smartphone, is sold out on the Google Play store after going on sale earlier this morning. The website's pages for the $299 8-GB and $349 16-GB models of the smartphone now say "Coming Soon."
The Next Web is reporting that the phone sold out in the U.S. in less than an hour.
The LG Nexus 4 features a 4.7-inch screen and is perhaps the most elegant Android smartphone on the market. It sold out despite not being capable of connecting to LTE networks, which provide the fastest data speeds but are not available in all parts of the country, depending on the carrier you use.
Also on sale today is the Nexus 10 tablet by Samsung. The Nexus 10 is Google's answer to the fourth-generation 9.7-inch iPad and features a 2,560-by-1,600 high-resolution display with 300 pixels per inch. The Nexus 10 is available at $399 for a 16-GB model and $499 for a 32-GB model.


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QXL in Blockbuster auction deal
Film fans will be able to snap up ex-rental Blockbuster videos over the Internet following a deal with online auction house QXL.com, the companies said today.
QXL is to be the exclusive online auctioneer for Blockbuster.co.uk, allowing sales of ex-rental products including videos over the Internet.
The groups said the agreement would allow customers logging on to the Blockbuster.co.uk site access to a specially created, co-branded auction page where they could bid for 'thousands of great names in home entertainment'.
The deal will also boost QXL's brand name, as it will be promoted through Blockbuster's 670 stores nationwide and be given a presence in its free monthly magazine, The Scene.
Blockbuster will also host weekly charts for video and music on QXL's site, informing customers of the latest movers and releases in the film and music industry.
Jim Rose, chief executive of QXL said: 'This is an extremely exciting partnership for QXL.com. We are providing Blockbuster, a brand synonymous with home entertainment, with a new retail channel for e-commerce.'
Steve Middleton, European director for the Internet at Blockbuster said: 'Online auctions are a whole new route to market for us and QXL.com is clearly the leader and preferred partner in this space.'
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Earlier this week we reported more rumors that Microsoft was working with a couple of investment partners for a bid to acquire Yahoo. Now The Wall Street Journal has even more details on this possible bid, again via unnamed sources. The story claims that Microsoft would not actually own any common shares in Yahoo under the proposed bid and would only put up several billion dollars of its own money.
So why make any bid at all to purchase Yahoo, if you are only one part of a group? The story seems to hint that Microsoft wants at least some kind of say in Yahoo's future plans. That makes sense since Microsoft made a deal with Yahoo in 2009 to provide the site's search service with Microsoft's Bing technology.
But is such a bid doomed to failure, even if Yahoo accepts such a proposal? Yahoo has lost a lot of its previous influence in the Internet, thanks largely to the rise of Google. Yahoo's management has also shown that it has no clear direction for what it wants to do to help the company grow.
In the end, it will be a risky proposition for Microsoft to make any bid for Yahoo, even if it doesn't spend a lot of its own money. On the one hand, Microsoft wants to protect its search investment in Yahoo. On the other hand, it might be better to see if Yahoo can raise itself up on its own two feet for once and see if it can save itself from extinction.


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China’s Trade and Development with BRICS: Analysis and Opportunities
With the BRICS 2023 summit now underway, we examine the China-BRICS trade dynamics
The BRICS 2023 summit is now underway in Johannesburg, South Africa, with the Heads of State of Brazil, China, India, and South Africa all attending in person, together with significant trade delegations. The Russian President, Vladimir Putin, is attending by video-conference. The BRICS summit is expected to be a key moment in plans that could ultimately challenge the G7 group of nations in global economic and geopolitical influence. In this article I discuss the current position as concerns China – BRICS trade.
The first meeting of RIC (Russia, India, and China) was held in 2005 in St. Petersburg. Brazil and South Africa joined the group in February 2011, when the current version of BRICS was completed. However, BRICS is not a formal alliance, and there are differences among members, but over the past decade, with dozens of meetings and summits, it has pursued common interests in strengthening mechanisms.
BRICS countries as a total currently include about 26% of the total global land mass, and about 42% of the world’s population. This basic clout means that BRICS combined efforts in restructuring the global economy and strengthening economic and financial cooperation have been welcomed by many countries – and been viewed with suspicion elsewhere.
Mutual Economic Cooperation
The BRICS have also provided alternatives to existing global mechanisms deemed to be heavily influenced by the collective West and their policies. The BRICS New Development Bank (NDB), established as a partial alternative to the World Bank, has approved over 90 projects worth US$32 billion to support members’ infrastructure.
Economic cooperation was also discussed at the 14th BRICS summit in June 2022. Paying attention to providing a better interfacing in handling global crises, forming a multipolar economic strategy, developing alternative commercial and financial routes, promoting economic recovery, diversifying the economy, minimizing costs, developing electronic commerce, integrating markets, and cooperating with other nations have made BRICS attractive to smaller and other emerging countries.
Practically, BRICS is seen as a union of strong emerging powers with a common currency reserve of about US4 trillion, which has already undertaken achievements in standing against unilateralism and can be useful when positioned as alternatives to Western controlled institutions such as the World Bank, the International Monetary Fund, and Western financial and trade policies in general.
2023 is an important turning point in the BRICS development and its future global role.
BRICS combined efforts are seen in cooperation and collaboration in developing alternative payment systems to SWIFT, the gradual development of a non-dollar financial system, the development of a common payment system (BRICS Pay), the increase of trade using respective domestic currencies, and creating a common currency. These are all progressing at different timescales, however the use of respective digital currencies in the settlement of future intra-BRICS trade will be a significant move. Russia, China, and India are all poised to launch their digital currencies for common usage by early 2025. This will allow trade to be conducted between them without the global SWIFT network and to reduce threats of the same upon other countries. Brazil and South Africa are close behind. In comparison, the United States and European Union, with rather more complex financial markets, have only recently agreed their digital currency protocols – a technical step the majority of BRICS members completed three years ago.
Strengthening the role of the New Development Bank (NDB) will help achieve BRICS national interests. The West’s approach to isolate Russia has created more incentives within the BRICS to increase trade with domestic currencies or create a common currency. The former has happened and is increasing; the latter will take time. Four to five new members of the NDB are expected; which could include Saudi Arabia and the UAE, which would give the NDB access to the Middle East region. Indonesia is a likely candidate from ASEAN, while Kazakhstan would give a Central Asian base. Argentina needs an alternative to non-Western financial support and would be another key asset in Latin America; and has been promised a succession vote at the current summit. Algeria and Thailand are also both potential candidates.
Incentives for official participation in BRICS have increased in 2023. Although “BRICS Plus” was created in 2017 and invited non-BRICS officials, over the last two years, China has supported the concept of expanding cooperation within the ‘BRICS Plus.’ Model. Moscow has also mentioned the potential expansion of BRICS members from 5 to 17 nations. About 40 additional countries are believed to have expressed interest in joining and include heavy hitters such as Argentina, Egypt, Indonesia, Iran, Nigeria, Saudi Arabia, Turkiye, and the UAE.
In the meantime, in addition to reviewing the collective decision of the organization and having the necessary conditions and procedures for the process of accepting new members, the structure of BRICS and the process of accepting new countries may change with the joining of more countries.
China In BRICS
China – Intra-BRICS Trade
China’s economy has returned to a sustainable recovery path after COVID-19. Despite ups and downs, foreign trade and investment has continued to grow, and foreign trade was stable during 2022. However, China’s economy is vulnerable to real estate challenges, climate change, tightening global financial conditions, and rising geopolitical tensions.
China’s economic indicators for the first half of 2023 however indicate a steady post-COVID recovery. China’s GDP experienced a healthy growth rate of 5.5% year-on-year in H1 2023, while total GDP reached about US$8.3 trillion. In the second quarter of this year, GDP grew by 6.3% year-on-year.
The per capita disposable income in the first half of 2023 stood at US$2,739, while foreign trade reached US$1.36 trillion in Q1 and grew by almost 6% quarter-on-quarter in Q2.
Various measures to strengthen the economy in 2023 focused on the priority of stimulating economic growth, expanding domestic demand and consumption, improving the flexibility of supply chains, attracting more foreign investment, and reducing unemployment.
China’s foreign trade with other BRICS countries has grown, and China’s foreign trade with other BRICS countries increased by 12.1% in the first five months of 2022 compared to 2021.
Mechanical and electrical products are one of the main export products of China’s exports to other BRICS economies, energy, agriculture, and mining products accounting for about 76.3% of the total value of China’s imports from the BRICS nations.
Signing free trade agreements, establishing common standards for products, optimizing business methods, and removing barriers to market entry is also effectively increasing the trade volume of the five BRICS nations. Trade between China and other BRICS countries is highly complementary and is expected to maintain growth. That said, the superiority of China in terms of dominating BRICS trade is undeniable.
The volume of mutual trade between China and Russia has increased and reached US$190 billion in 2022. The trade volume between Russia and China in the first six months of 2023 has continued this expansion and has also grown by 20% compared to the same period last year. Russia is China’s main source of coal, crude oil, and gas imports. Since the beginning of this year, there has been an upward trend in energy exports to China, and the scope of agricultural trade and agricultural products is also expanding. Exports from Russia to China increased by 84% in the first five months of 2023.
Prognosis: A rapidly growing and evolving trade partnership, which will accelerate more given increasing use of mutual digital currencies, improving Eurasian connectivity, and a mutual, well-defined desire to break the perceived hegemony of Western managed international trade structures to a more inclusive multilateral platform.
Bilateral trade between India and China touched an all-time high of US$135.98 billion in 2022, while New Delhi’s trade deficit with Beijing crossed the US$100 billion mark for the first time. Despite frosty political relations, bilateral trade is currently steady. The main products that China exported are computers, smart phones, and semiconductors, while India exported iron ore, refined petroleum, and raw aluminium.
Prognosis: Currently stable and showing signs of growth; but remains vulnerable due to political rivalry and disputed territorial security issues. If these can be resolved – and both leaders expressed exactly this desire during August 2023 – trade development could become dynamic if infrastructure connectivity can be improved.
According to data from the China General Administration of Customs, in 2022, bilateral trade between China and Brazil reached US$165.6 billion, an increase of 8.1% year-on-year. In April this year, the two countries signed multiple trade agreements to boost this further, resulting in bilateral trade reaching US$13.85 billion in June 2023, suggesting that trade levels are stable and have slightly increased, although this may also improve by the year end.
The main products that Brazil exports to China are iron ore, soybeans, and crude petroleum, while China exported semiconductors, office machines, and smart phones. The agreements signed in April will increase collaboration on a range of issues, from aerospace development to infrastructure investment.
Prognosis: Significant planned developments and investments, and mutually compatible trade commodities imply that China-Brazil trade can be expected to show healthy development.
South Africa is China’s largest trading partner in Africa, with bilateral trade of US$56.74 billion in 2022. That was an increase of 11% over the previous year, thanks in part to rising commodity prices. 2023 trade levels thus far have shown sustainability and smaller growth. The main products that China exports to South Africa are broadcasting equipment, computers, and coated flat-rolled iron. The main products that South Africa exports to China are gold, diamonds, and iron ore.
Prognosis: South Africa will never be a huge bilateral trade partner for China, however mutually diverse trade is developing and looks sustainable. South Africa’s position as a gateway to Africa can help the PRC establish east coast links and connectivity via the Middle East to the INSTC and trade other BRI trade routes. South Africa may be the smallest BRICS member, but it remains an important geographical player.
China is a member of the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement that also includes Australia, Brunei, Cambodia, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.
China and other RCEP members increased their trade by 7.5% year on year to US$1.82 trillion in 2022. International businesses with operations in China can access the RCEP markets under certain rules of origin conditions.
Overall, ASEAN remains China’s largest trade partner. In the first half of 2023, trade with ASEAN countries accounted for 15.3% of China’s total trade, reaching US$428.96 billion, up 5.4% from 2022. China has a FTA with ASEAN.
The BRICS Vision Ahead
BRICS is facing many challenges, such as internal differences, global economic growth slowdown, geopolitical tensions, coordination problems, disagreements and different priorities of members, along with external pressures.
Economic cooperation within BRICS is still limited, and its cohesion is not especially strong, meaning we can expect an increase in institutionalising the various BRICS initiatives during this summit. There are also likely to discussions concerning BRICS trade liberalization and reducing each other’s import tariffs.
Although BRICS is not an official alliance, broad common interests such as moving towards a multipolar global governance system have brought greater opportunities with huge potential. In this way, it represents a huge consumer market, having a large middle class, natural resources, good communication and networks, a sound legal system, and modern infrastructure.
The existing BRICS 2025 strategy, which was implemented in 2020 and will soon be due for renewal, has been useful in developing trade and mutual investment between BRICS countries, strengthening customs cooperation, inclusive growth, and diversifying cooperation into different sectors.
Related Bloc Relationships
Should institutional connections between BRICS and regional unions such as the EAEU, Mercosur, and the SACU be established, the multilateral trading system will be strengthened. Technologies, especially in digital currencies and trade facilitation are also more likely to be shared, giving the BRICS – and its allies – a far greater trade platform to base themselves on. This is crucially outside the Western based system of management – SWIFT, sanctions, and overly influential policy banking.
This may also involve the Shanghai Cooperation Organisation (SCO) with discussions already taking place about merging; or increasing trade development ties between the two. The SCO is essentially a security bloc but does have a trade remit. It would also bring into the BRICS orbit the SCO members, who include BRICS members China, India, and Russia, in addition to full members Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan. There are also four Observer States interested in acceding to full membership in Afghanistan, Belarus, Iran, and Mongolia, and six Dialogue Partners being Armenia, Azerbaijan, Cambodia, Nepal, Sri Lanka and Turkiye. In 2021, the decision was made to start the accession process of Iran to the SCO as a full member, while Egypt, Qatar as well as Saudi Arabia became dialogue partners.
With each of the BRICS members regional heavyweights in their own backyards, the development of BRICS into the major global economic and trade powerhouse has every potential of manifesting itself.
It should also be said that the opportunities of joining BRICS are more than the challenges. The joining of new members to BRICS can have various consequences, even competing with the G20.
In practical terms, the total percentage of the GDP of the current BRICS member countries is 31.5% of global GDP. That is more than the G7 bloc with 30.7% of global GDP, with the BRICS share almost certain to continue outstripping its Western equivalent as there are many potentials for using BRICS+ formats, with the participation of SCO, MERCOSUR, ASEAN, AfCFTA, SAARC, and so on in creating additional economic cooperation.
Chris Devonshire-Ellis is the Chairman of Dezan Shira & Associates. He may be reached at firstname.lastname@example.org
Dezan Shira & Associates assist foreign investors, including China clients into Asia and provide market intelligence, business establishment, bank account opening, tax advisory and related services to Chinese businesses in Asia. We have been operational since 1992 and maintain multiple offices throughout India, and have partner firms in Russia, Brazil, and South Africa. For assistance, please contact email@example.com
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WASHINGTON, D.C. – After a panel of judges on the U.S. Court of Appeals for the Fifth Circuit ruled that the Consumer Financial Protection Bureau’s (CFPB) funding structure was unconstitutional, Mike Calhoun, president of the Center for Responsible Lending (CRL), issued the following statement:
The court’s misguided opinion would stop the Consumer Financial Protection Bureau from providing critical protections for American families.
This ruling would undermine the consumer bureau’s effectiveness as an independent watchdog. It would let payday lenders continue to offer financial products and policies designed and targeted to extract wealth from Americans already underpaid and underserved by the nation’s financial system. This ruling must be reversed.
Press Contact: Matthew Kravitz firstname.lastname@example.org


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Alloy Digital, a multi-channel YouTube network and digital media company, has received $30 million in a funding round led by ABS Partners, according to Tubefilter.
Alloy’s channels include Smosh – see the comedy video below -- which recently becam[...]
AdStage -- a tool which allows businesses to create targeted cross-network advertising campaigns -- has raised $1.4 million in funding from Freestyle Capital, Quest Venture Partners, and 500 Startups, among others. According to TechCrunch, the compan[...]
Sophia Search closed a $3.7 million Series A funding round today, led by Atlantic Bridge, according to The Next Web. The Northern-Ireland based company provides analytical tools to help publishers provide more relevant ad content by leveraging uniqu[...]
comScore -- the digital data agency -- has just released its annual Digital Future in Focus report, and the news is not good for digital ad agencies. Anthony Ha of TechCrunch reports that out of 5.3 trillion "impressions served" in 2012, 3 in 10 were[...]


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Nintendo Switch's Fire Emblem Warriors Shows Off New Screenshots
Let's meet the game's new protagonist twins!
Koei Tecmo has officially launched its Japanese website for Fire Emblem Warriors, the new Fire Emblem title in the Warriors genre.
The Nintendo Switch/3DS exclusive will share similarities with Hyrule Warriors as it's another joint venture between Nintendo and Koei Tecmo. The game will feature many Fire Emblem characters across many titles battling in large-scale hack-and-slash action that the creators of Dynasty Warriors are known for.
With the launch of this new website, a few images have emerged, giving the first glimpse at the game's new characters: Twin protagonists Shion and Lian. There are also images of well-known characters such as Marth and Chrom, courtesy of Famitsu
The game, despite being a Warriors title, will retain many traditional Fire Emblem mechanics, such as the weapon triangle and support conversations. This means sword users will be best against axes, axes will be best against spears, and so on.
Both the 3DS and Nintendo Switch versions of the game are set to arrive in the Fall, though an exact date has yet to be announced. With E3 2017 coming soon, the launch date is more than likely going to make an appearance.
Click page 2 for the full gallery


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It’s become crystal clear that if you’re going to be successful in the ever-shifting marketing landscape, you need to be able to change direction, and fast. Fluidity and agility are key, and that’s why having technology, media and creative playing on the same team is going to be crucial for the successful marketer or agency.
Canon Australia has appointed Vivien Lee as its new general manager of consumer marketing with a mandate to drive innovation and consumer engagement.
Lee was previously the head of brand, digital and customer intelligence for the wealth division of NAB, owned by MLC. Her resume also includes stints as the head of marketing communications at NRMA Motoring and Services, as well as regional marketing manager for American Express International.
Lee will report to director of consumer imaging, Jason McLean, and starts this week. She replaces former general manager of marketing, Darren Ryan, who resigned in February after seven years with the company and finished up on 26 April.
“Vivien’s broad and diverse experience is just what we need at a time of continual and significant shifts in consumer behaviour and the rapid growth of global online commerce,” McLean said following the announcement of her appointment.
“We look forward to her steering the brand as a leader in marketing innovation and consumer engagement.”
News of Lee’s appointments comes just weeks after Canon launched its $13 million ‘no one sees it like you’ consumer campaign, its largest consumer marketing campaign to date. The initiative includes TV, cinema, print, online and outdoor advertising, in-store merchandising and a website hub.


text: Once again the celebration time for Ambanis has come. This time it's the official engagement of Isha Ambani with business tycoon Anand Piramal. The three-day engagement bash has kicked off in Lake Como, Italy. The three day event will continue till September 23. Several Bollywood biggies are expected to join the celebrations. Among the first of the guests to arrive were Anil Kapoor, Priyanka Chopra, Nick Jonas and designer Manish Malhotra.


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Toshiba shareholders approved the sale of its Memory unit at a meeting on October, 24. The purchase is being made by an alliance of electronics firms, led by Bain Capital and Foxconn for 2 trillion yen ($17.5 billion).
Toshiba aims to cut significant debts through the deal, after making heavy losses in 2016 as a result of it’s U.S. nuclear business. The company hopes that this will help keep its shares listed on the Tokyo Stock Exchange, which it considers a prerequisite for a turnaround.
However, Toshiba’s troubles have led many shareholders to question the company’s governance. Investors are also raising concerns on the rebuilding of the company while it is suffering from severe brain drain. Despite this, Toshiba reaffirms that it will aim to improve profitability of existing businesses before expanding operations in new growth markets.
Read the full articles:
- “Investor go-ahead for memory sale no vote of confidence in Toshiba”
- “Toshiba shareholders approve $17.5bn memory unit sale”
See previous linked article:


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News Stories Showing 41-60 of 63 results found
Clearer picture for IPTV tech? June 18, 2007 Microsoft has tuned up its software for service providers, but consumers shouldn't expect much in the near future.Photos: Is IPTV software ready for prime time?IPTV chugs along
This week in TV tech April 21, 2006 The future of television is coming to a screen near you, and you may not like what you see.
Telecoms look to the future March 22, 2006 The heavy hitters at TelecomNext in Las Vegas focus on broadband, TV, wireless and radical transformations in the telecom business.
Playing favorites on the Net? December 21, 2005 A proposal in Congress could tip the scales toward some services and create a two-tiered Internet.
The iPod is growing up September 4, 2007 If the rumors are true, and Apple releases an iPod with Mac OS, it will have developed an interesting little computer--not just a video player.
Sponsored matches for "TV"


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Borrowers have 49 different credit scores, not just one
Ken Lambert, Seattle Times
If you think your credit score is based on one key number, then guess again.
Actually, lenders have 49 separate FICO scores to look at when considering someone for a loan, according to a recent infographic from Credit Sesame, a credit advisory website.
Lenders use FICO’s software to receive credit reports, but the software has been updated a number of times and many agencies haven’t updated. Over time, this has added to the total number of scores per borrower.
The number of scores isn’t bad, but “it allows you to focus on your overall credit health rather than obsess over one particular score,” said John Ulzheimer, president of consumer education at smartcredit.com, in the inforgraphic.
FICO scores measures the risk of an individual borrower, which it sells to Equifax, Experian and TransUnion, the three national credit-reporting bureaus.
The scores are broken down into six different “flavors,” including scores on mortgage, bank cards and installment loans, according to the graphic.
Poor scores can affect an individual’s loans, insurance premiums and employment.
“All of these score might seem intimidating, but they don’t need to be,” Ulzheimer said in the post. “Monitoring your overall credit health will strengthen your personal finances much more than micro-monitoring every number."
EMAIL: firstname.lastname@example.org, TWITTER: @joeyferguson
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Xmarks is obtained by LastPass. The cross-browser password management solution would be the brand new purveyor associated with much-loved, but financially strapped, cross-browser bookmarking service.
Back September, we had been gutted because of the development that Xmarks would-be closing down. That announcement generated a groundswell of help from Xmarks people and also opened up the doorway to numerous purchase choices.
Last thirty days, the company announced it was in the final stages of offering it self, assuring users that solution would stay alive and on-track. Today, Xmarks announced its brand new owner, LastPass.
Xmarks and LastPass actually have many similarities; both utilize the cloud to create safe data available from numerous browsers and systems. The pairing associated with the two companies makes a great deal of sense.
Like Xmarks, LastPass began life as a free service. Unlike Xmarks, LastPass took the effort to move to a paid alternative at the beginning of its life time. Whilst bulk of LastPass stays no-cost, included features like USB-drive help, mobile applications and concern support are around for $12 each year.
LastPass CEO Joe Siegrist told Kara Swisher at AllThingsD that "we actually want to figure some thing out which could hold [Xmarks] going."
1st program of attack is introduce reasonably limited form of Xmarks, styled following the advanced LastPass offering. Xmarks people are certain to get accessibility iPhone and Android os applications, three months of backups that monitor and track every change in your bookmarks, priority support therefore the ability to sync available web browser tabs across computer systems and cellular devices.
Users can also get a combination pack and sign up for both LastPass and Xmarks for $20 annually.
We believe this is actually the perfect partnership for Xmarks. LastPass has revealed that it's a company who has both a strong and protected information infrastructure and a viable business structure. It will help your two services are so complementary. Both excel at being cross-browser and cross-platform.


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Versus Evil Announces Updates for Banner Saga/Dragons & Titans
Indie publisher, Versus Evil, has announced that the Banner Saga will be launching on mobile devices this summer, along with a vastly improved Dragons and Titans was also on display at their inaugural press event, showcasing the latest game updates, the newly released Act 4 story driven adventure mode, and the latest weapon and dragon releases.
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