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Develop into an Insider and begin looking through now.
- Startups in sectors these types of as on-line training, on the web genuine estate, and communications boomed during lockdown, even as peers observed enterprise draining away.
- These corporations, unprepared for utilization spikes, are now revamping their techniques to attempt and keep the inflow of new users.
- Exploration from organization program firm Pendo demonstrates products engagement has overtaken earnings as tech leaders’ most effective measure of brief-phrase accomplishment.
- Business enterprise Insider asked execs and founders performing in training, actual estate, and HR software package — three of the most important winners underneath lockdown — how they have been functioning to preserve new customers on board.
- Stop by Business Insider’s homepage for extra stories.
When offline firms proceed to suffer from the financial fallout of the pandemic, disruptive startups in on the web education and learning, HR, health and fitness and other sectors have benefited from a surge in usage.
6 months on from those people early spikes, these startups facial area a new challenge: How finest to keep these hordes of new customers on board.
When the pandemic’s effect on tech companies assorted across sectors, these working across on the net retail, training, and place of work communications were amongst the most significant winners.
As constraints are loosened or altered in various sections of the world, startups reporting previously unseen surges in buyers have switched up their tactics, now focusing on retaining all people clients rather than obtaining new kinds.
In accordance to a new study of much more than 200 tech leaders — done by enterprise computer software company Pendo and shared solely with Organization Insider — 38% believe that engagement has turn out to be the most vital evaluate of success, vs . the 35% citing revenue.
And 72% of merchandise heads stated they believe that their teams will be much more associated in long run strategic conclusions, underpinning the need for corporations to refine their platforms for present end users.
Talking to Business Insider, Oliver Stamm, cofounder and chief merchandise officer of Munich-centered actual estate startup Casavi, stated the company experienced observed a threefold maximize in the range of user engagements in March, when compared to the past calendar year.
“Huge parts of our sales functions ended up developed on celebration interactions and campaigns for regional property administration associations,” he stated. “Of course, this was closely impacted given that all events experienced to be cancelled from March.”
Stamm instructed Business Insider the firm had experimented with a freemium design for new clients, and his product or service workforce was now performing on a “progress experiment framework” to aim on retaining people and scaling the platform’s capabilities.
Person Clack, products director at HR startup Hive, reported the corporation had witnessed a “spectacular raise” in characteristic utilization on its system, introducing that the pandemic had “created a will need to evaluate and evolve our procedures to aid our current prospects in new approaches.”
“We rebranded our normally-on suggestions tool, ‘Open Door’, to increase utilization and let employees to truly feel additional linked to their company despite being bodily isolated … Consumers with this enabled observed a 25% average improve in usage by employees.”
In the meantime Lars Dyrelund, product chief London-dependent education and learning startup Firefly, stated the firm experienced noticed a spike in desire from educational institutions pressured to switch to distant understanding in the spring.
“We commonly get a strengthen in September, when all the faculties occur back again right after the summer time, but that minor bump essentially vanished on the chart next to what happened in March,” he mentioned.
Dyrelund mentioned the agency experienced worked to refine the platform’s functions and make it additional user-pleasant, while also featuring prolonged no cost trials to close to 50 educational facilities all-around the planet.
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“Even however we are very well-stablished, we continue to like to think of ourselves as a tiny startup, so it was an all-fingers-on-deck predicament. Functioning from home was intriguing – you had to continue to keep providing although jogging all over like a headless hen your self.”


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When Windows 8 Operating System releases on October 26, it will be arriving with an entirely redesigned version of Internet Explorer. Microsoft had previously mentioned about its plans to incorporate the same version on Windows 7.
Confirming this, an announcement has come from the company informing users that Internet Explorer will be reaching Windows 7 in mid-November. This news will be particularly relevant for those users who are planning to stick with Windows 7 even after the release of Windows 8 Operating System.
Microsoft is currently planning to release a preview version of Internet Explorer 10 for the time being. Company representatives have informed that a final version of the browser will be made available to users once it has finished collecting developer and customer feedback. Microsoft however not has given out an exact date for the release of the full version of the browser.
Microsoft representative Rob Mauceri explained that Internet Explorer 10 will be bringing enhanced real-world site performance along with additional standard supports for Windows 7, which is a feature that a lot of web developers have been requesting for. He also added that Internet Explorer 10 on Windows 7 Operating System will have the same standards based platform for developers like that for Internet Explorer 10 on Windows 8.
The latest announcement from Microsoft regarding the release of a preview version of IE10 for Windows has been received with mixed reactions by the developer community. A large number of developers are not impressed as they were expecting a fully functional final version of the browser. The unavailability of a final version will hinder the development of sites optimized for Internet Explorer 10.

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Wine is the preferred drink of women the world over and Indian women too are slowly discovering the pleasures of vino. Here’s why you should drink a glass every day.
Good for your memory
Studies have shown that women in their 70s who drank a glass of wine every day fared much better in memory quizzes than women who did not drink at all. Wine prevents clots and blood vessel inflammation that has been linked to cognitive decline and heart disease.
Keeps you thin
Note how French women always remain thin? It could be the wine. Studies have shown that daily wine drinkers have lower body mass than those who do not drink. This is because alcohol makes you burn extra calories even 90 minutes after you drink a glass.
Ups your stomach health
Suffering from acidity and ulcers? Wine could help. A British study found that those who drank a glass of wine a day lowered their risk of infection by Helicobacter pylori bacteria by 11 percent. H. Pylori causes gastritis, ulcers, and stomach cancers. Even half a glass can beat germs like salmonella when you are exposed to contaminated food.
Beats ovarian cancer
Australian research has found that one glass of wine a day reduces the risk of ovarian cancer by half. This may be because of antioxidants or phytoestrogens, with high anticancer properties in wine. Another study showed that some red wine compounds can actually kill ovarian cancer cells.
Good for your heart
This is the most well-known health benefit of wine but it bears telling again. Several reports have said that wine reduces the risk of cardiovascular disease and heart attacks. Red wine raises levels of HDL (good cholesterol).


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As New York gears up for Fashion Week, which begins Thursday, a new initiative is taking shape in the garment center. In a last-ditch effort to salvage the struggling district while spurring development there, the Bloomberg administration has advanced a new proposal it hopes can finally satisfy both landlords, many of whom despise current zoning restrictions, and industry leaders fearful that changes would only do further harm to their shrinking sector.
But the clock is ticking. City officials must reach a deal with both sides by the end of the month to ensure the plan succeeds before Mayor Michael Bloomberg leaves office , people familiar with the negotiations told Crain's Insider.
Under the proposal, the Fashion Center Business Improvement District would add an assessment on its members designed to raise as much as $3 million a year in new revenue. That money would go to aid property owners within a newly designated area—roughly 100 buildings between Broadway and Ninth Avenue and West 35th and West 39th streets—who are willing to preserve their space for manufacturing. The city plans to release a request for proposals within the area to test the market for the idea.
By providing a dedicated funding source and giving building owners a chance to bite, the proposal could solve a problem that has frustrated city officials for years, supporters believe. Others, however, aren't so sure.
“Some of the ideas floated by the city make some sense, but there's still a lot of work to be done,” said Barbara Randall, the business improvement district's president.
Observers say there are several sticking points. The first deals with how long property owners would be required to preserve their space for fashion firms. The city has indicated it wants landlords to do so indefinitely, which has not gone over well with some business improvement district members.
“The real stumbling block, in my opinion, is that the city is looking to place the burden on the owners, not the tenants,” said Ira Fishman, head of ID Real Estate Partners. Right now, the neighborhood is home to 7,000 garment manufacturing and 13,000 fashion wholesale jobs.
But that number is falling. Last week, no less than the Council of Fashion Designers of America announced it will decamp, shifting from its 1412 Broadway headquarters in the heart of the fashion district to a new, larger space in the West Village. They follow in the footsteps of designers such as Stacey Bendet of Alice + Olivia, Oscar de la Renta and Erin Fetherston, who have all recently moved to other parts of the city such as the meatpacking district or TriBeCa. In total, 75% of the Council of Fashion Designers of America's 300 members are not based in the garment center, according to the business improvement district.
To ensure that enough space for the garment industry remains, the city's new proposal envisions a minimum of 500,000 square feet being set aside for fashion firms by property owners. While that's far more space than the administration's previous proposal to house manufacturers in a single 300,000-square-foot building, it might not be enough to please industry stakeholders.
“It's one of several proposals that are out there,” said Yeohlee Teng, a fashion designer headquartered on West 38th Street and a strong supporter of maintaining the neighborhood for fashion production. Ms. Teng is working with the Design Trust for Public Space, in partnership with the CFDA, on a study called Making Midtown due out in April. It will contain policy recommendations that she says may be folded into what the Economic Development Corp. is proposing. “Everyone agrees that the garment industry is vital,” she said. “I'm happy that they're willing to sit down with us and we look forward to coming up with something that is mutually agreeable that works well for all the stakeholders.”
Nanette Lepore, another designer in the district, agreed. “All stakeholders are still in negotiations, and things are looking positive," she said, noting that this is not a "last ditch effort."
She and colleague Erica Wolf, executive director of the Save the Garment Center coalition, added that the Made in the USA label on apparel is popular again, as politicians focus on returning production to its local roots. "We are optimistic that in New York City a solution will be found," Ms. Wolf said.
The current 13-block district occupies more than a million square feet of space zoned for manufacturing. “The fundamental issue here is whether or not [garment center advocates] can agree to anything less than what comprises the garment center today,” a person with knowledge of the ongoing negotiations said.
The proposed redesign of the district comes just in time for Fashion Week, the eight-day series of runway shows, presentations and parties that happens twice a year. This month, more than 200 design houses will showcase their fall 2012 wares across the city at such popular venues as the tents at Lincoln Center and the meatpacking district's Milk Studios. A few designers, such as Steven Alan and Lauren Moffat, will even host shows on Wednesday, a day before the week's official beginning, while design house Obakki is planning a show Tuesday evening.


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By Maria Jose Subiria
Before imported commercial goods enter the United States, import specialists for U.S. Customs and Border Protection inspect the shipments to ensure they are in compliance with customs laws and import and export regulations, according to Robert Lynch, a supervisory import specialist for U.S. Customs and Border Protection at the Port of Atlanta.
Lynch, who oversees a team of import specialists at the Port of Atlanta, said workers like his protect the U.S. by preventing the importation of harmful goods.
"We work with other government agencies, foreign governments and the trade community to better define and assess risk through the sharing of information," he said.
Lynch said he was born in Green Bay, Wis., in 1965, and moved to Georgia in 1971.
"I grew up in Roswell, and been there since I was 5 years old," he said. "It was a very small town."
According to Lynch, he attended Roswell High School, and graduated in 1984. He attended Valdosta State University, where he majored in criminal justice and worked in a U.S. Customs co-op program for students in the late 1980s.
"I did whatever they wanted me to do," he said. "It was more office-type work. For me, personally, it was very rewarding ... When I graduated I had a job."
Lynch said he graduated from Valdosta State in 1989, with a bachelor's degree in criminal justice.
He said he was hired as a Customs and Border Protection officer, at the Port of Atlanta, and had a full range of duties.
As an officer, he worked at the Port of Atlanta and Atlanta's airport, checking passengers, luggage and cargo, he added.
In August 1995, Lynch became an import specialist for U.S. Customs and Border Protection, which he said was a lateral move from his previous position.
"I thought it'd be interesting to see how different parts of Customs operated," he said.
Lynch said in the year 2000, he was promoted as an import specialist team leader, and in 2001 became a supervisory import specialist, a position he's held since then.
According to Lynch, import specialists typically look for trade compliance issues, but they also assist the U.S. Department of Homeland Security in uncovering potential terrorist threats to the country.
If an import specialist discovers items such as guns or narcotics in a shipment, they seek advice from customs officers who specialize in enforcement issues, he said.
"After 9/11 we've looked at chemical shipments a little bit differently," said Lynch. "Prior to 9/11, we weren't as concerned with what these chemicals may be used for."
Lynch said import specialist are also responsible for categorizing imported cargo. The Harmonized Tariff Schedule of the United States -- a thick book that categorizes agricultural and commercial goods -- provides import specialists with information on applicable tariff rates for commercial items that enter the United States.
"It's very thick and everything that comes into this country has a classification and, of course, a duty rate," said Scott Sams, public affairs liaison for U.S. Customs and Border Protection at the Port of Atlanta.
Harmful commercial goods that U.S. Customs may be on the lookout for include those that may contain high levels of lead paint or other toxins, said Lynch. They also intercept counterfeit goods or those that may be fraudulently labeled with an Underwriters Laboratories (UL) certification, which may mislead a consumer about a product's safety.
"In Atlanta, we not only inspect cargo that arrives via air, we also inspect cargo that comes in through our seaports and land border ports, which may have been sent to Atlanta under bond," Lynch said. "CBP screens cargo through various targeting methods and selects high-risk shipments for physical examination."
Lynch said that when examining high-risk shipments, import specialists look at the origin of the shipment, the items contained in the shipment, and its destination.
"We are looking at the documents that the importer submitted to customs," he said.
According to Lynch, a typical day for an import specialist includes inspecting cargo shipments and researching and analyzing the importation of commercial goods in order to identify potentially harmful shipments or incorrect documentation from importers.
"It's rewarding to know you've prevented potentially harmful products from entering the commerce of the United States," he said.


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The Australian Productivity Commission should avoid recommending compulsory sharing of consumer data between financial institutions as it could provide a disincentive to invest in innovation and stifle competition in financial services, the Business Council of Australia has suggested.
In its submission to the government's review into open banking in Australia, the Business Council said mandated data-sharing between competing companies can discourage investment in data-related goods and services by "allowing free riding on a company's existing investment" and add inefficiency and cost to the data holder by "subsidising competitors".
As Australia draws inspiration from the United Kingdom, which is still in the early stages of rolling out access to banking data under a mandated open banking standard, the Business Council of Australia noted there is still no evidence to suggest that such a scheme would increase competition.
"There is no evidence that such intervention is required to encourage competitive markets, since a greater number of substitutes and lower barriers to entry may actually make data less likely to entrench market power than other assets," the council said in its submission.
"In many overseas jurisdictions, competitors have successfully convinced policymakers that mandating access to data by competitors somehow supports the competitive process, rather than distorting it by rewarding rent-seeking.
"Policymakers in Australia should be alert to such arguments, and recognise that there is currently no strong case for mandating access by competitors."
Instead, a data market where consumers negotiate exchange of data and benefits, supported by a "light-touch regulated minimum", would be more effective in achieving the government's objectives of supporting competition in financial services and providing customers with greater choice of financial products, according to the Business Council.
"It would be more effective to regulate consumers' rights for an essential minimum of data that is proportional and meaningful. This would not reduce the amount of data available to consumers, but rather, would allow competitive tension to encourage businesses to supplement the minimum with additional data that adds value for their customers," it added.
The Productivity Commission's indicative definition of consumer data under its proposed Comprehensive Right is "too vague" and "too broad", the Business Council has also said, warning that without a clear definition of consumer data and a clear distinction between identified and de-identified data, there may be "unintended consequences" such as companies "interpreting the law", "cost of testing the law through the courts", and reducing competition.
"The definition should not capture data beyond what is required to efficiently achieve the objective of community confidence ... A broad scope is most concerning in relation to value-added data (data that has been transformed, derived from other data, or otherwise enables a company to offer more to its consumers)," the Business Council stated in its submission, adding that value-added data should not be subjected to the right to transfer.
"Companies currently add value to data to gain a competitive edge, and this requires significant investment. An overly broad definition would capture value-added data and provide it to competitors through the right to data transfer (in practice, having the same effect as mandated access to data by competitors)."
The Productivity Commission's proposed Comprehensive Right has five key components: Ongoing joint right to access data, entitling consumers to access any digital data pertaining to them held by financial institutions and SMEs; a right to request edits and corrections to consumer data, not just "personal information" covered under the Privacy Act 1988; a right to request a data holder to transfer consumer data, with the consumer's explicit consent, to any third party in machine readable form; a right for the consumer to be informed of the trade, use, or other disclosure of its data to third parties; and a right to opt out of a business' data collection activities.
The Business Council has indicated it is not in favour of the proposed Comprehensive Right, arguing that the creation of such a right would only be the most efficient solution if "economic activity is being inefficiently impeded, either because consumers currently have insufficient confidence to transact or it is too costly for them to negotiate satisfactory arrangements with businesses" -- both of which the council believes is not the case.
The council posits that consumers are already "enthusiastically" providing their data and businesses are already making data available, negating the need to mandate data sharing.
The Business Council, however, did not demonstrate in its submission how consumers and businesses are enthusiastically engaging in data-sharing activities, nor did it discuss informed consent -- an issue that all of the big four banks have brought up in their submissions, along with liability in the event of a breach.
The Australian Bankers Association (ABA) said in its own submission that an informed customer consent regime must be a central part of the data sharing process with clear disclosures around what types of data are being accessed and how they will be used.
Additionally, the disclosure mechanism must be designed to ensure customers are properly aware of the terms access and use of their data, the Consumer Action Law Centre (CALC) suggested in its submission.
"[It] is now recognised that disclosure and tick box consents (particularly through terms and conditions or privacy policies) are an ineffective form of consumer protection. Blanket terms and conditions in lengthy legalese can maximise what a business can do with someone's data, whilst minimising their responsibility," the CALC said.
"In fact, one of the defining features of the Financial System Inquiry panel's final report was an explicit shift in focus from consumer protection regulation based on disclosure to one focusing on fair treatment of consumers.
"Implicit in that change is an acceptance that consumers are not necessarily capable of absorbing all of the information presented to them and, even if they do, various cognitive limitations and biases limit the ability of people to make rational choices."
The CALC additionally pointed out that more choice -- an expected outcome of increasing competition in financial services through the implementation an open banking regime -- doesn't necessarily benefit consumers. In an attempt to address information asymmetry, consumers can end up with information overload.
"[There] is significant behavioural research that indicates that greater choice can actually hamper decision-making, and lead to poor consumer outcomes," the CALC said.
"[It has been] found that people may be more likely to make mistakes if they are given 'too much information (information overload), too much choice (choice overload), or too little time to make a decision'. A market with a large number of choices can therefore be just as inefficient as a market with few choices if consumers do not understand what is on offer, cannot easily compare different offers, or are not rewarded for making the effort to search, compare, and switch."
The CALC also warned that open data may affect vulnerable customers -- for example, through predatory lending -- potentially causing more harm than helping them navigate the complexity of the financial system.
"While we are supportive of innovation and competition in the financial system, we have seen 'innovation' used as a guise in the past to justify predatory practices that have led to significant consumer harm. Some 'innovation' we have seen include credit card providers competing on balance transfer offers, rewards points, and loyalty schemes while interest rates remain uncompetitive and high, and payday lenders competing on fast online access to expensive cash," it said.


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Will Volkswagen Go Bankrupt
Topic: Will Volkswagen Go Bankrupt
Will Volkswagen Go Bankrupt
Is it crazy to believe that the world’s largest automobile manufacturer could go bankrupt? Not if the company’s chairman claimed the current emissions controversy might bankrupt it.
According to Reuters, VW CEO Hans Dieter Poetsch told the German daily Welt am Sonntag that the financial consequences from the scandal might bankrupt the company. The threat is most likely divided into two pieces if this is correct.
The first is that international fines might amount to billions of dollars. The second risk is that consumers’ trust in the brand may erode, resulting in a drop in sales. The actual cost of restoring the autos is less than a tenth of a per cent.
Fines are expected to cost a lot of money. According to some experts, the cost to VW in the United States will be in the billions of dollars. There is no precedent for such a large fine, and the amount might be increased.
Volkswagen is also facing sanctions in several other countries. China could be the most concerning. It is the world’s largest market, and VW holds the largest proportion of the auto market there.
According to Interbrand, Volkswagen’s brand is worth $13 billion, while Audi’s is worth $10 billion. The value of a brand does not always translate into revenue. It’s a good indicator of how much a company’s image can depreciate.
Volkswagen’s major worldwide rivals will almost certainly highlight the German automaker’s troubles to potential customers, and maybe more than once.
Such a massive auto bankruptcy hasn’t happened in a long time. In June 2009, General Motors Co. (NYSE: GM) declared bankruptcy. The federal government aided General Motors. GM has not committed any criminal acts.
Due to excessive pension and labour liabilities, as well as declining sales, it had simply taken on too much debt. VW, on the other hand, would not feel the same way. However, one government agency has a vested interest in assisting VW.
The state of Lower Saxony holds 13% of VW’s stock, and the company has five plants in the region, employing tens of thousands of people.
Will Volkswagen Go Bankrupt
On CleanTechnica, we devote a lot of digital ink to Tesla. This makes sense for a few reasons: Tesla sells by far the most popular electric car ever made. That car now routinely ranks in the top 10 lists for best-selling cars and vehicles (sometimes even first).
The company is the only large corporation dedicated entirely to electric transportation and renewable energy. However, as Tesla CEO Elon Musk and others have stated, we need far more than Tesla to tackle our climate, pollution, and energy challenges in the transportation sector alone.
While we all admire what Tesla accomplishes, I doubt many Tesla fans believe the company will address our major transportation issues on its own. Many of us hope that other automakers will follow suit and move to electric transportation relatively quickly.
Some of us are bullish on Kia and Hyundai, some on Nissan and Renault, others on Chinese automakers, and others on Volkswagen. Still, the entire line is that we need tens of millions of electric vehicle sales each year, not just millions, and that requires at least a few big businesses.
Musk has stated that while evaluating manufacturer potential, investors should focus on two key issues: batteries and autonomy. I’m ignoring autonomy because it’s difficult to believe that any other automaker has a proper plan in place.
Many people are still suspicious of Tesla’s intentions and self-driving vehicles in general. It’s difficult to tell who’s second if Tesla is first. It’s difficult to tell who’s first if Tesla isn’t in the lead. In any event, the more pressing and practical issue of batteries is a more transparent beast.
Here are a few things to consider when it comes to batteries:
- Tesla has chosen a vertically integrated strategy for batteries to improve them and reduce costs, as well as because you can’t truly guarantee a significant supply of batteries at this moment if you aren’t making them.
- Almost all other automakers rely on a small handful of battery manufacturers, the most notable being LG Chem, CATL, Samsung SDI, and SK Innovation. The first two businesses appear to have an agreement with everyone.
- German manufacturers have been debating whether to manufacture batteries in Europe or rely on imports. The waffling appears to have continued, but these automakers have moved closer to obtaining them.
- Korean and Japanese automakers look to be completely dependent on battery sources, increasingly coming from China.
- To ramp up battery production, battery suppliers need proof of EV demand, and automakers need low-cost, high-performance batteries to compete with Tesla and others in the EV market.
- Rapid progress is difficult due to this obstacle. Customers must wait months or a year to entice electric automobiles like the Hyundai Kona EV and Kia Niro EV. For a Tesla Model X price, we get the comparatively small Jaguar I-PACE.
- Automakers who don’t want to sell many EVs (for various reasons) may blame low EV sales and even high EV pricing on a lack of battery supply (more demand than supply = higher prices).
- It’s unclear whether any non-Tesla automaker outside of China will be able to secure adequate battery supply shortly to sell millions of electric cars each year.
- Tesla can take some of their sales if they all slow-walk it, but not enough to bankrupt any of them, especially given the conquest sales are spread out all over the country.
- Consumers either fall into one of two camps: those who know a lot about Tesla and see its compelling benefits or those who go to a traditional automaker for a car when they need one and are unlikely to be steered toward an EV.
On the other hand, what if a large automaker takes things seriously and upsets the peace?
That is something I believe the Volkswagen Group can accomplish and is on the approach of doing. If it isn’t, it most certainly should be.
There are a few signals that Volkswagen is getting serious about this market and, as a result, has a good chance of landing a lot of conquest sales.
In recent years, the business has made significant EV investments, announcing more than three years ago that it aimed to sell a few million completely electric vehicles per year by 2025, accounting for 20–25 per cent of total sales.
Such plans take time to implement, but the automaker appears to have been preparing the basis for this since then and is sticking to the basic goal. (Note, however, that according to Volkswagen’s new global e-mobility webpage, “By 2025, Volkswagen expects to sell at least 1 million electric cars per year.”)
The company is developing electric vehicles from the ground up, using a common EV platform for all models and classes. The corporation has already set a goal of bringing 30 fully electric cars to market by 2025, according to the 2016 news.
“By 2028, Volkswagen will have released over 70 all-electric models across the Group,” according to the above-mentioned e-mobility portal.
When asked by a journalist if there was enough of a market for EVs at the launch of the ID.3, board member Jurgen Stackmann responded, “We are Volkswagen, we can create the market.” (This is not a verbatim quotation.)
Since then, VW has been airing commercials on TV and the internet all over Europe (even in Poland). It’s honestly touting its electrified offerings and attempting to entice buyers (bad metaphor).
VW may have gotten huge battery supplies from a variety of sources. There have been rumours concerning the company’s battery sources. However, it is unknown how much production capacity it plans to have in 2020, 2021, 2022, and other years.
In Europe and the United States, the Volkswagen Group has been at the forefront of deploying fast and superfast charging stations.
VW’s first fully electric vehicles, created from the ground up, are aimed at high-volume vehicle classes, serving as a replacement for the Golf (ID.3) and an appealing electric crossover (ID.CROZZ).
We’ve seen how well the Tesla Model 3 has sold – it’s consistently one of the top 10 vehicles in the United States, the #1 car by revenue in the United States, and occasionally the #1 car or even the #1 passenger vehicle in various European nations.
It’s completely dominant in its vehicle class. Suppose VW offers the ID.3 and ID.CROZZ at the right price and with the right features, those vehicles may find equally disruptive demand. However, they will appeal to customers who prefer a traditional brand, a traditional dealer/service network, and a less revolutionary interior and infotainment.
The question is, how many mainstream consumers aren’t sold on the “rEVolution” enough to buy/wish for a Tesla but are interested enough to buy a fully electric VW?
This is probably what VW is frantically trying to figure out. I do hope, though, that the corporation is committed to doing what Stackmann stated it could: developing the market.
The final important step is to show consumers the benefits and how the disadvantages have essentially vanished because of better batteries and charging infrastructure. A VW dealer should have little trouble funnelling someone in for a Golf or Tiguan into an ID.3 or ID.CROZZ, respectively.
VW should have no trouble convincing regular vehicle buyers to go from a Toyota Camry to an ID.VIZZION, a Honda Civic to an ID.3, and so on. If VW can successfully navigate this shift, it will capture so many conquest sales from Toyota, Honda, BMW, and other automakers that it will solidify its position at the top of the automotive food chain.
Of course, if Tesla and Volkswagen are selling millions of conquering vehicles each year, other automakers will be losing sales. It’s difficult to conceive that this won’t result in some auto industry bankruptcies.
Currently, the Volkswagen Group sells over 1 million automobiles per month. The number was 886,100 in July 2019, down 2.4 per cent from July 2018. (908,100). It sold 393,600 cars in Europe, 334,800 in Asia-Pacific, 80,700 in North America (including 55,800 in the United States), and 53,000 in South America.
It’s unknown how many of these sales are electric vehicles, but the corporation sells a few thousand in Europe and a few thousand in the United States each month. Its global internal EV market share is estimated to be around 1%.
The company’s current market capitalization is €72.574 ($80.47).
Volkswagen Bankruptcy Probability Analysis
Volkswagen’s Probability Of Bankruptcy is a measure of how likely it is that the company will go bankrupt. The normalised value of Z-Score is the Probability Of Bankruptcy for equities. It is taken from a multi-factor model created by Macroaxis for funds and ETFs.
The score is used to forecast the likelihood of a company or fund going bankrupt during the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is a number between 0 and 100 that indicates the likelihood that a company will go bankrupt in the next two fiscal years.
Volkswagen’s Current Chances Of Bankruptcy
The majority of Volkswagen’s fundamental indicators, such as the Probability Of Bankruptcy, are part of a valuation analysis module that assists investors in identifying equities that are currently trading at higher or lower prices than their true value.
Volkswagen Ag Repstg is considered inexpensive if the real worth is higher than the market price, and we recommend buying it. Otherwise, a sell signal is generated.
Our bankruptcy probability assessment for Volkswagen is based on Altman Z-Score and Piotroski F-Score but is not restricted to these measurements. We employ numerous more strategies to improve the accuracy of anticipating the Volkswagen financial crisis to be applied to a broader range of sectors and marketplaces.
Financial statement analysis, various sorts of price projections, earnings estimates, analysis consensus, and fundamental intrinsic valuation are all examples. Please explore the options below to learn more about the various metrics for calculating Volkswagen Ag Repstg’s financial health.
Is it expected that Volkswagen’s industry would expand?
Is there any chance of expanding the company’s product line in the future? Factors like this will help Volkswagen’s stock price rise. Investors will place a higher value on Volkswagen if they believe it will grow in the future.
The financial sector is predicated on precisely defining current growth potential and future valuation. All of the above Volkswagen valuation data must be considered, but the key to forecasting future worth is deciding which aspects weigh more strongly than others.
Volkswagen Ag Repstg’s market value is not the same as its book value, which is the value of Volkswagen that is reported on the balance sheet. Investors also establish their assessment of Volkswagen’s value that differs from its market or book value, referred to as intrinsic value, which is the true underlying value of Volkswagen.
Investors compute intrinsic value using a variety of methodologies and buy a company when its market value falls below its intrinsic value. Because various things that may not directly affect Volkswagen’s fundamental business (such as a pandemic or general market pessimism) can affect market value, market value can differ significantly from intrinsic value.
Please keep in mind that the value of Volkswagen differs significantly from its price since the two are calculated using different methods. Earnings, sales, fundamental and technical indicators, competition, and analyst estimates are all used by investors to assess the value of Volkswagen.
On the other hand, Volkswagen’s price is the price at which it trades on the open market and symbolises the amount that a seller and buyer agree on.
The chance of a firm filing for chapter 7, 11, 12, or 13 bankruptcy protection SHOULD NOT be confused with the real chance of a corporation filing for bankruptcy protection.
Financial Distress, according to Macroaxis, is an operational condition in which a company is having trouble meeting its present financial obligations to creditors or meeting the expectations of its investors. Macroaxis derives these circumstances daily using both public financial statements and stock price analyses in response to market conditions or economic downturns, as well as short- and long-term historical volatility.
Analysis of liquidity, revenue patterns, R&D expenses, obligations, and public headlines and social attitude are all taken into account. According to the most recent financial statement, Volkswagen Ag Repstg has a Probability Of Bankruptcy of 77 per cent.
This is 86.04 per cent more than the Consumer Cyclical industry and 68.38 per cent more than the Auto Manufacturers industry. The likelihood of bankruptcy for all US stocks is 93.32 per cent lower than for the company.


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With the buzz going on with NTEL lately, it is safe to say that the revamping telecommunication network is the new kid in the block. Only that this new kid is offering something better to the Nigerian market (according to claims).
Couple of days back, the company via it’s social media page, announced that it’s service has opened live in parts of Lagos and Abuja. However, the company is still being stingy with useful information. Even till date.
We recently shared the proposed NTEL 4G LTE data tariff plans and it seems really appealing. More information has it that the telecommunication company aims to kick off with free unlimited data for a period of 3 months for the first 100,000 subscribers on the NTEL network.
The Chief Executive Officer of NTEL, Mr Kumar Abass, said the operation will come with bumper offers for early bird pioneers and data users. He also added that NTEL, Nigeria’s 5th mobile network operator start of operation is the culmination of it’s journey from the old Nitel/NTEL assets.
Mr Abass furthermore disclosed that the first 100,000 subscribers to redeem and activate their NTEL SIMs will get free on-net calls for life, while data subscribers will get 3-months unlimited data usage.
While this seem too good to be true, you may want to absorb the claims with a pinch of salt. However, if this eventually comes to limelight, there is a fair usage policy of 3GB data usage daily and in my opinion, it really isn’t a bad idea.
As earlier said, till date, the company still hasn’t disclosed details of it’s office addresses even in the states it claimed to have launched live. Hence, no information yet as to how intending subscribers can get the NTEL SIMs nor how already reserved numbers can be claimed.


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Criterion has popped a cap in the ass of rumours it is working on a sequel to Black, the first-person shooter released for PS2 and Xbox in 2006.
The studio is better known for producing the Burnout series, and Black was its first contribution to the shooter genre. Judging by comments in the latest issue of D-Pad magazine (as spotted by Videogaming247) it could be Criterion's last.
"Sorry to disappoint you, but as we've mentioned many times on our podcast we're not looking at making another Black game any time soon," said Craig Sullivan, lead designer on Burnout Paradise. Nobody listens to podcasts, Craig.
"Although the rumours never seem to go away and we still get a lot of letters from fans, we're honestly not working on that game at the moment. I doubt the rumours will go away though," he added.
Course, he's not saying Criterion will never do another Black game. But with two years since the last game was released and still no sequel being considered, let alone developed, it's looking more and more unlikely. A shame, seeing as the first one was rather good.
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Here’s what we’re talking about at EDK in the world of lifestyle, pop culture, and marketing:
Burger King to Introduce Hot Dogs: The fast-food restaurant chain is offering hot dogs at its more than 7,000 locations, with the nationwide effort kicking off later this month.
Adele Graces the Cover of Vogue Magazine: After another successful launch of her latest album, Adele graces the March issue of Vogue.
Tommy Hilfiger Embraces Direct-to-Consumer Shows: The fashion brand will begin broadcasting multimedia fashion shows targeting consumers, with full collections available immediately for sale through retail, e-commerce and wholesale channels.
Twitter Offers New Video Ads Feature: The social media platform released a new feature that enables marketers to upload a video ad and then jump to the front of the line, getting featured in Twitter’s app and its website for 24 hours. Great for social media marketing efforts, the feature is available to limited users currently and will be available globally in the future.
How Millennials Are Shaking Up Valentine’s Day Retail: According to a new survey by the National Retail Federation, 44 percent of 24-35 year olds are planning an experience together to celebrate the holiday. This reflects an overall trend with this group on purchases, where an emotional impact is more important than the price of an actual gift.


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September 2, 2022 marked the twentieth anniversary of Lemon Tree Hotels. The company was founded on September 2, 2002 and launched its first hotel – the 49 Key Lemon Tree Hotel at Udyog Vihar in Gurugram in 2004. Twenty years later, the company has become the sixth largest hotel chain in India, and owns and today operates 8,300 rooms in 85 hotels in 52 destinations in India and abroad
To mark this momentous event, the company held celebrations at all of its hotels, as well as at the New Delhi headquarters.
Speaking on the occasion, Patanjali Govind Keswani, President and CEO, said, “On this momentous occasion, I would like to thank every member of the Lemon Tree family who has been part of this journey. These twenty years have seen us through many ups and downs, and this celebration is a testament to the dedication, hard work and resilience of every team member who has helped us reach this milestone.
It is said that the journey of a thousand miles begins with a single step. This is also true for building a brand. The Lemon Tree journey began 20 years ago when Patanjali G. Keswani envisioned the first hotel the company would build in September 2022. It took just under two years for Lemon Tree Hotels Limited to open its first hotel in May 2004. years the company has seen many milestones including its successful IPO in 2018 and its international expansion in 2019. The company has also evolved over the years to cater to different market segments and different brands, to to know. Aurika Hotels and Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite were created to meet the needs of travelers from all walks of life. While the current pipeline of hotels will become operational by 2026, the company will operate 10,900 rooms in 114 hotels in 69 destinations, in India and overseas, including Aurika and Mumbai Skycity, which will be the largest hotel in India. India with 669 rooms.
Lemon Tree Hotels Limited is India’s largest hotel chain in the mid-priced sector, and the third largest, based on majority ownership in owned and rented rooms, as of June 30, 2017, according to the Horwath report. We operate in the premium and mid-range segment, consisting of premium, mid-range and economy segments. We offer differentiated but superior service offerings, with a value for money proposition.
LTHL opened its first 49-room hotel in May 2004 and currently operates approximately 8,300 rooms in 85 hotels spread across 52 destinations, in India and overseas, under its various brands, viz. Aurika Hotels and Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite. As the current pipeline becomes operational, 10,900 rooms in 114 hotels across 69 destinations, in India and overseas, will be operated under the LTHL brands.
Lemon Tree Hotels including Keys Hotels are located across India in metropolitan areas such as NCR, Mumbai, Kolkata, Bengaluru, Hyderabad and Chennai as well as many other Tier I and Tier II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Vishakhapatnam, Kochi, Ludhiana, Thiruvananthapuram and Vijayawada. The company has expanded internationally with the opening of hotels in Dubai in December 2019 and Bhutan in February 2020. New hotels are also expected to open internationally in Bhutan and Nepal.


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The well-known motor mechanic Scotty Kilmer has warned motorists of three places that they should never buy a car from.
He recently told drivers about a little-known button to always press before starting their cars and driving. In another video, Scotty advised viewers that, whilst used car dealerships often stock a wide variety of cars, they typically retail for higher prices.
He explained: “Generally at used car lots they will go anywhere from two to four times what they actually paid for the vehicle that they’re going to try to get you to pay.
“And when you buy a car from a used car lot, they often have a lot of back-end extras that they don’t tell you about until it’s too late.”
In the video, Scotty explained that many used car dealerships offer buyers extras such as extended warranties for additional fees.
However, some locations are known to advertise prices that do not feature fundamental parts of the cost, including vehicle tax.
Scotty advised that, if a viewer wanted to buy a car from a used vehicle lot, they should simply ask how much they want for the car as a whole and drive away.
Classic 1950s ‘Frogeye’ Sprite to be reborn as fully electric performance car [INSIGHT]
‘I’m a motoring expert – most drivers are unaware of this hidden safety feature' [REPORT]
Four simple tips help drivers save thousands of dollars on tires [ANALYSIS]
Additionally, Scotty noted that drivers should always think twice before buying a used car that once belonged to a rental company.
He continued: “When I travel distances, I don’t have time to drive, I fly on a plane and then I rent a car, and when I rent cars, generally, I beat the heck out of them.
“They’re not taken care of by the drivers all that much. Rental cars often take large beatings, over a couple of years hundreds of people probably rent each individual car.”
Finally, Scotty concluded the video by warning drivers against buying a vehicle from a larger ‘car supermarket’ such as CarMax.
He added: “I had a customer a couple of years ago that bought a five-year-old car from CarMax. It had 60,000-something miles on it, and they only saved $4,000 off of what a brand new one would have cost.
“If all you’re saving is $4,000 on a $25,000 to $30,000 car, you might as well just go out and buy a brand new one.”


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Plus new Deals with Gold & Spotlight offers!
Welcome to the Xbox Deals Unlocked Sale 2023! Microsoft has reduced over 600 games for the next couple of weeks to celebrate Summer Game Fest season, including some recent AAA releases such as Dead Island 2, Dead Space, Dying Light 2, EA Sports PGA Tour, Gotham Knights,
The Deals Unlocked Sale 2023
If you've been saving your Microsoft Rewards points for a big Xbox sale, you'll definitely want to know about what's on the way next week! Starting June 6th, the Xbox Deals Unlocked Sale 2023 will be live on the Microsoft Store. The sale will officially run from June 6th to June 19th, and if it's anything like the 2022...
Hundreds of games on offer
Update (Mon 15th Jun, 2020 17:05 BST): Today is your last chance to take advantage of this sale. If there's something you've been meaning to buy, we highly suggest adding it to your cart ASAP! Original story (Sat 13th Jun, 2020 15:00 BST): Microsoft unexpectedly sprung a massive Xbox Deals Unlocked Sale on us last week,...
Prices as low as £2.69
Last week saw the beginning of the Xbox Deals Unlocked Sale, which is currently ongoing until June 15th. There are over 300 Xbox 360 and Xbox One games discounted as part of the promotion, including a massive Assassin's Creed sale spanning the series' entire 13-year history. Below, we've highlighted every individual...


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The House of the Dead: Overkill for the PlayStation 3, Sega has announced that The House of the Dead 3, a former Xbox console exclusive, and The House of the Dead 4, which was only released in the arcades, will be coming to PlayStation Network, and will use the Move motion controller. Both games will also feature HD graphic upgrades.
The House of the Dead 3 will be released on the 7th February. The game introduced a number of new elements to the series back in 2002, including “rescue events,” a shot ranking and grading system that challenges players to shoot both quickly and accurately, and a Boss “cancel” bar that players must fill to fend off devastating attacks. The third game was originally to feature cel-shaded zombies, but fan outcry caused Sega to reconsider and utilize "realistic" zombies.
The House of the Dead 4 was exclusively a coin-op arcade game, released in 2005, and added hidden “treasure rooms” that contain score-boosting items, as well as interactive sequences that force players to push away grabby enemies. It is due to be released on PSN sometime in the Spring.


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the London Bridal Expo was back at the RBC Place in London, Saturday.
Organizers say the pandemic was hard on the wedding industry with capacity changes and closures.
Some vendors told CTV News they’ve never seen the show as busy as it was, feeling people are happy to get out and experience the event again.
“There is a wide array, we’re showing not only wedding gowns, bridesmaids, mother of the bride, flower girls, grooms wear and Indian wear. We’ve been doing this since the early 90’s, there is a real buzz in the building right now, and we can’t express how happy we are that this is happening,” said London Bridal Expo organizer, Isabel Traher.
The London Bridal Expo ends on Sunday.


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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
Wild Crypto (TICKER: WILD), the international lottery and casino website built upon the blockchain, has launched a sweepstake that will give away 85,000 WILD tokens throughout the World Cup.
The competition challenges the community to participate in a number of tasks to promote Wild Crypto, including activity on social media, gaining entries to a prize draw at the conclusion of the World Cup.
The more entries gained, the better the chance of sharing in the 85,000 WILD prize pool.
The sweepstake follows the launch of three new skill-based games from developer Chopsticks in the Apps. The titles – Lutty Bird, Fruit Road, and QO – have quickly become among the most popular games on the Wild Crypto platform.
Wild Crypto CEO William Trentini said: “The World Cup is always a wild ride, and we wanted to launch a competition that will really ramp up the excitement for those watching the action in Russia.
“We’ve recently added some new content in the form of skill-based games, that further add to the Wild Crypto experience.
“With 85,000 WILD tokens up for grabs, we are encouraging everyone to get involved and spread the word.”
To enter the sweepstake and for more information, please visit: https://upvir.al/51974/lp51974
About Wild Crypto
Wild Crypto (TICKER: WILD) is the developer of a disruptive, international lottery and eGaming platform built upon blockchain technology.
It launched in early 2018 following a successful token-sale.


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Samsung Electronics introduced its latest Android mobile phones that equal Apple Inc.’s iPhone on Wednesday in San Francisco. South Korea’s largest firm improved the cameras, battery life and also layout with its new Galaxy S23 lineup. Mark Gurman reports on Bloomberg Television.
Adhere to Bloomberg for service news & analysis, red-hot market information, functions, profiles as well as more: http://www.bloomberg.com
Link with us on …


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A new study released from MMGY Global reveals the significant contributions Black travelers make to the United States’ tourism economy. The report, titled “The Black Traveler: Insights, Opportunities & Priorities,” was created by MMGY Travel Intelligence on behalf of Black travel advocacy organizations, including the National Coalition of Black Meeting Professionals (NCBMP), the National Association of Black Hotel Owners, Operators and Developers (NABHOOD), and the Black Travel Alliance (BTA). According to the global marketing firm, the research initiative intends to facilitate a much-needed shift toward understanding the behaviors and needs of Black travelers.
The first phase of the report, released mid-November, analyzes the MMGY’s 2019 Shifflet Travel Performance/Monitor (which surveyed 4,800 Black U.S. leisure travelers) as well as a 2020 survey of 200 members of the NCBMP. According to the findings, Black Americans spent an estimated $109.4 billion on leisure travel in 2019, representing roughly 13.1 percent of the U.S. leisure travel market. (Black Americans spent an estimated $63 billion on leisure travel in 2018, according to a study by Mandala Research.) The findings show that in 2019, Black U.S. leisure travelers took an average of three overnight vacations with an average stay of 2.5 nights for each trip. They also reveal that the surveyed travel parties typically spent about $600 on each overnight stay.
The report also looked at travel spendings for Black professionals, and it showed equally significant numbers. NCBMP’s members plan an average of 7.5 business meetings per year and typically spend an average of over $900,000 annually on those meetings. Still, the study indicates that Black meeting professionals “encounter hardships when organizing events for Black groups.” Roughly 42 percent of meeting organizers said that attendees have felt unwelcome in past destinations. (Notably, 77 percent of the Black American meeting professionals surveyed said they looked for representation in a destination’s marketing materials as a key indicator of receptivity.)
“It is vital for travel industry executives to better understand the needs, behaviors and concerns of underrepresented traveler communities,” MMGY Global CEO Clayton Reid said in a press release. “The findings from the report should be a call to action for travel professionals and are an important step in both underscoring the value of Black travelers and identifying solutions to better serve this important travel audience.”
“The Black Traveler: Insights, Opportunities & Priorities” report feels particularly relevant following a year when conversations around race, and specifically around justice for Black Americans, have remained at the national forefront.
The second phase of MMGY’s report, set to be released in January 2021, will analyze “current opinions and attitudes of Black leisure travelers globally.” According to a press release, the report “aims to uncover the barriers and experiences that Black leisure travelers encounter across international markets including the United States, Canada, the United Kingdom and Ireland, France, and Germany.”
On December 10, the award-winning Nomadness Travel Tribe (founded by 2018 AFAR Travel Vanguard honoree Evita Robinson) will further the conversation with its Nomadness Diversity in Travel Consensus. The findings of this survey gather data from 5,299 travelers of color—not just Black Americans—in the United States and beyond.
>> Next: Amplifying Black Voices in Travel


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Posts tagged with: CD Projekt Red
Patch 2.1 for Cyberpunk 2077 adds new features and a dedicated accessibility menu, detailed in a dedicated accessibility news article.
The big Cyberpunk 2077 1.5 patch has been revealed and it includes a minor number of changes that could be good for accessibility.
After numerous concerns raised last week regarding subtitles in Cyberpunk 2077, CD Projekt Red has confirmed that they will be adjustable.
Ben talks about why the gaming industry needs to share and market video game accessibility features if it's able to share random features in upcoming games.
Steve Saylor takes a deep dive into what accessibility options hopes he has for Cyberpunk 2077 as well as concerns with the current state of accessibility.


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2016 Cadillac SRX May See Local Production In China
On the strength of rising SUV sales in China, General Motors will likely add production of its next-generation Cadillac SRX in the emerging market in order to better capitalize on said sales.
Cameron Aubernon Jul 09, 20148
Toyota Shuttering Australian Factory By 2017, Local Industry Dead
Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford.
TTAC Staff Feb 10, 2014100


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Owner, Serkan Arslan, was optimistic that the store would succeed following the reopening, but it was not meant to be. Rebos then launched another closing down sale from Thursday, August 17 with discounts on stock and fixtures.
The business will trade until everything is sold. Rebos' social media page stated they are now in the 'last few weeks' of the sale. While the department store will close, the play area, café and restaurant will remain open.
Advertisements have been shared online and leaflets posted through people's doors, detailing the spaces which are available to rent within the building. The leaflet states that "high specification" retail spaces are on offer, located in a "prime retail destination".
It also states: "Floors are offered with floor plates of 25,000 sq ft, with the building providing circa 118,403 sq ft as a whole."
Following the closing down announcement on August 15, a spokesperson for Rebos said: "Having re-launched the store in April this year, the business has now concluded that despite all our efforts, due to the current poor economic climate, there is no option but to close our retail business. Rebos Play, Café and Restaurant will remain open."


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Nagaland’s speciality ‘Raja Mircha’ which is also called king chilli owing to its extreme spiciness was for the first time exported to London on Wednesday. According to the release issued by the Ministry of Commerce and Industry, a small consignment of Raja Mircha from Nagaland was exported to the capital of Britain via Guwahati on an aeroplane. King Chilli which is considered the world’s hottest on the basis of Scoville Heat Units (SHUs) has already been certified as Geographically Indications(GI) tagged to the state of Nagaland. Expressing happiness over the indigenous product of the Nagaland state getting exported to world’s biggest markets, Prime Minister Naredra Modi took to twitter to express his happiness and quipped that only those who have had Bhoot Jolokia would know how spicy it is.
The ‘Bhoot Jolokia’ PM Modi referred to in his tweet is one of the many names King Chilli is famous by, with another being Ghost pepper. The consignment of King Chilli which was exported to London constituted Raja Mircha grown at Tening which is a part of Peren district of the state. Owing to its unique speciality, the Raja Mircha was certified with the GI tag in the year 2008, as per the release issued from the Commerce and Industry Ministry.
Only those who have eaten the Bhoot Jolokia will know how spicy it is!https://t.co/G1nUWq3uw8 https://t.co/eJ4Pw1ymq3
The groundwork of exporting the King Chilli from a small district of Nagaland to London was laid by the Agricultural and Processed Food Products Export Development Authority (APEDA) and Nagaland State Agricultural Marketing Board (NSAMB). APEDA had earlier asked the NSAMB officials to send a few samples of the King Chilli for laboratory testing results of which turned out to be encouraging and extremely positive. In addition to the quality tests, what bothered the officials of the APEDA and NSAMB was the perishable nature of the Green Chilli considering that the journey from Nagaland to London on a ship would take at least a few days. To rule out the possibility of any shortcoming in the product, the officials decided to export the product to London on a plane.


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After a long court battle that resulted in many internal company documents being spilled to the public, the case has finally come to a close.
The verdict has come in and Apple has come out on top in the fight against Samsung with the courts favoring heavily towards Apple. Apple has won the patent battle on nearly every claim it brought against Samsung, which is devastating blow to Samsung whose popular devices have been helping the company grow its mobile marketshare.
While most of the phones were found to be infringing on Apple's patents, one interesting note is that the Galaxy Tab line of tablets did not. Essentially, it appears that most of the software patents are holding strong, but design patents are coming up short.
The damages that Samsung must pay to Apple top 1 billion dollars; to be exact, Samsung must pay Apple 1,049,343,000.00.
In addition to Apple having a major victory on patent infringement, Samsung's counter suit against Apple fell short and found that Apple did not violate any of Samsung's patents which means Samsung was awarded 0 dollars in damages.
197 Comments - Add comment


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We keep hearing about the impending launch of 5G, but the reality is that the reported 2019 launch is still quite far away. In the meantime, work continues behind the scenes to ensure that, when carriers and phone manufacturers are ready to roll it out, they know exactly what they're working with.
To that end, a 5G milestone was hit today at the 3GPP RAN Plenary meeting in Lisbon, Portugal where all the companies involved in creating mobile standards get together and
party soberly discuss the future of our mobile universe. While the so-called 5G NR (New Radio) standard was already formed, today's meeting — largely led by Qualcomm, which has been pushing to accelerate the rollout of 5G — finalized it, putting a line in the sand on what it deems Non-Standalone 5G NR, which will rely on existing LTE core networks to function.
NSA 5G NR specs were approved today at RAN#78. Balazs Bertenyi , RAN Chair called it “an Impressive achievement in a remarkably short time, with credit due particularly to the Working Groups”. News article to follow on the 3GPP site and from 3GPP Member announcements. pic.twitter.com/b10fTV5V5nNSA 5G NR specs were approved today at RAN#78. Balazs Bertenyi , RAN Chair called it “an Impressive achievement in a remarkably short time, with credit due particularly to the Working Groups”. News article to follow on the 3GPP site and from 3GPP Member announcements. pic.twitter.com/b10fTV5V5n— 3GPP Live (@3GPPLive) December 20, 2017December 20, 2017
NSA 5G will be the wireless standard's initial form when it launches in 2019, leveraging mature LTE networks for much of the backbone and utilizing sub-6GHz 5G for additional capacity where necessary. Because 5G's initial focus will be on facilitating enormous amounts of data backhaul, NSA 5G omits calling and other aspects of the 3G and 4G LTE spec we take for granted today.
Standalone 5G (SA), which the 3GPP expects to finalize by next summer, will eventually be the replacement for 4G LTE, though according to Qualcomm, "NSA and SA 5G NR will share common physical layer specifications for the air interface" and won't require enormous additional investment by carrier partners.
So why should you get excited about 5G today? Mainly because data usage in many parts of the world is going way up, especially with the proliferation of video services, and even in its infancy will offer fast speeds of between 1Gbps and 5Gbps, plus much lower latency than current 4G LTE networks, at fractional costs to wireless carriers. While carriers will, of course, need to monetize 5G — they are businesses, after all — it's possible that unlimited plans will be truly unlimited, at costs considerably lower than what we're paying today.
Carriers like Verizon, T-Mobile, and AT&T have already spent billions of dollars purchasing potential 5G spectrum to spur growth in the sub-6GHz and so-called mmWave (24GHz and above), and have plans to launch 5G networks for both mobile and fixed wireless customers.
Until then, there's always fake 5G.
Daniel Bader was a former Android Central Editor-in-Chief and Executive Editor for iMore and Windows Central.
No way the carriers will pass savings onto the consumer by means of lower cost plans. They're way too greedy
ATT just handed out $1,000 bonuses to over 20,000 employee because they got a tax break. A "greedy" company would have given a million dollar bonus to a select few...then again the Carriers run a business, not a charity.
They could always make money other ways by using smartphone manufacturers to raise prices about $1000. Profit margins will be greater although your plan price could be less. Who knows. Wishful thinking with half my statement
It's not about "greed". It's about competition. There's already not enough of it in the mobile space and government already has both hands in all of it anyway. If the Mobile space were truly free and open to competition, we'd see 1 or 2 large carriers with excellent service and quality and a cheap price. Why? Because their monopoly could only exist as long as there was no space for someone else to enter the market and compete on quality or price. Instead, these people can pay government to pick winners and losers and the consumer is the one paying the price for that. https://mises.org/library/myth-natural-monopoly
Will they have to build new cell tower
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Retail news round-up on March 15, 2016: Hermes investment firm against BHS' rent cut demands and Collapsed Australian retailer Dick Smith to return as an online-only store.
Investment firm Hermes against BHS’ demand to slash rents
Hermes Investment Management, the landlord of two BHS’ stores, has opposed the struggling department store chain’s Company Voluntary Arrangement (CVA) and its demand to cut rents by 75% to ward off a fall into administration.
Hermes’ Chris Taylor said CVAs “should be approached with caution”.
He added: “They have the potential to create unfair competition on the high street by prejudicing some retailers at the expense of others and compromising the position of landlords.
“Central to our occupier-led approach is a close and open dialogue with all our tenants. We therefore want to reach a solution that is fair for all our tenants and do not believe BHS’ CVA proposal will achieve that.”
Australia’s Kogan.com to launch Dick Smith as online-only after acquisition
Australian electronics business Dick Smith, which was placed in administration in January this year, is to make a comeback as an online-only brand, following a surprise takeover by entrepreneur and e-commerce pioneer Ruslan Kogan.
His e-commerce department store, Kogan.com, snapped up the failed chain from receivers Ferrier Hodgson. It has bought the Dick Smith brand, trademarks, customers, loyalty databases and the existing online business in both Australian and New Zealand.
Kogan intends to launch Dick Smith as an online-only store on June 1, 2016, while permanently shut its brick-and-mortar businesses.
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PLEASANTON, Calif. — Safeway notified its Facebook fans about a new Foursquare promotion at participating Starbucks inside its stores.
Foursquare/Starbucks "mayors" get $1 off a new "However-You-Want-It" Starbucks Frappuccino. The offer is valid though June 28.
The posting received dozens of comments, several of which were from people who apparently didn't know what Foursquare is. "What?


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Dimmed lights, less crowds, free Starbucks coffee and no Christmas music. Sounds like a holiday shopping experience most people might want to take advantage of.
A Target in Lancaster, Pennsylvania is hosting such a shopping experience, but it isn’t just open for everyone. They’re opening early on Saturday to help shoppers who identify on the autism spectrum, according to the Mighty.
Autism involves significant social, communication and behavioral challenges, often exacerbated by crowds, loud noises and bright lights. About one in 68 children are born on the autism spectrum, according to 2012 statistics from the Center for Disease Control and Prevention.
So the Lancaster Target partnered with Wellspan Philhaven, which provides behavioral healthcare for adults and children in central Pennsylvania, to open from 6 a.m. to 8 a.m. Saturday to make shopping a little easier on people who are autistic, or parents of children with autism. It is not a company-wide initiative, and a Target spokesperson told the Mighty that “we empower our store leaders to make decisions that help meet the needs of the guests they serve.”
“The store leader of our Lancaster East store worked with his team and local community partners to create a welcoming shopping event for his guests on the autism spectrum and we applaud his efforts,” the statement reads. “We don’t have plans to roll these events out company-wide, but are always looking for new ways to further enhance our guests’ shopping experience.”
In February of this year, Target unveiled Caroline’s Carts – shopping carts with large seats in the front that were designed to accomodate adults or older children with special needs. At least one Caroline Cart is available at all Target’s major locations.


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Google's New York investment is still ongoing. The search engine giant company announced its play in the city recently, with an investment plan of around $250 million before 2021 ends.
However, it seems like Google would spend more than just millions of dollars. The giant tech manufacturer said that it would purchase the St. John's Terminal site, located at 550 Washington St.
The infrastructure acquisition is expected to cost $2.1 billion dollars, which was confirmed this Tuesday, Sept. 21. Google said that it is already leasing the venue, saying that it would exercise an option to buy the terminal building.
In its blog post, the search engine provider explained that the upcoming acquisition would serve as the anchor of its business in New York City.
Google To Re-Open NYC's St. John's Terminal
According to CNBC's latest report, Google's upcoming St. John's Terminal building acquisition would allow the area to reopen. However, New Yorkers would still have to wait for around 2023.
Some critics explained that this is an excellent innovation from Google, especially since the ongoing pandemic is still affecting its own business and those of other companies.
As of the moment, Google is not planning to allow its employees to go back to offices until January. The company's CEO Sundar Pichai said that he expects 20% of his staff t continue conducting remote work and telecommuting.
This means that less than half of Google's overall employees would still work in their houses. Aside from its NYC sector, Google is also improving some of its products.
Other Projects of Google
Aside from its New York investment, Forbes also reported that Google is considering relying on legal hackers to improve its system and other products.
This is quite similar to Apple since Google also announced that its new Bug Bounty Program would also offer cash rewards for individuals who can discover alarming bugs and other vulnerabilities.
Facebook also joins the giant search engine in spreading the campaign "Hacking is NOT a Crime."
For more news updates about Google and its latest inventions, always keep your tabs open here at TechTimes.
This article is owned by TechTimes
Written by: Griffin Davis


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Jan 19, 2016
Mississauga, Ontario – (January 19, 2016) Gay Lea Foods Co-operative Ltd today announced two new initiatives to grow and strengthen the burgeoning goat industry in Ontario.
At the Gay Lea Foods’ Annual Meeting, delegates approved by-law changes to expand the open membership to include dairy goat producers as producer members of the co-operative. As one of Canada’s leading dairy co-operatives and the largest dairy co-operative in Ontario, Gay Lea Foods is leading the way as the first Canadian co-operative to have both licensed dairy cow and dairy goat members.
Gay Lea Foods’ commitment to supporting Ontario dairy goat producers extends to ensuring there is a destination for the milk, the Co-operative has also made a further investment in goat processing with the purchase of a minority share in one of the premier goat cheese makers in the North American marketplace, Mariposa Dairy Ltd.
In addition to the goat milk processing that Gay Lea Foods is already doing under its own brands, this also further demonstrates Gay Lea Foods commitment to be an active investor and partner to develop the dairy goat value chain in Ontario.
“As a Canadian dairy co-operative, Gay Lea Foods has been committed to working closely with Ontario dairy goat producers to build an innovative, growing, and prosperous goat industry. I am pleased to announce that delegates have approved new by-laws, offering Ontario dairy goat producers the opportunity to become a member of the co-operative, empowering them with a voice on the dairy goat industry from farm to processing. As producer members of the Co-operative they will also benefit from the co-operative principles that underpin our goat strategy, including voluntary and open membership, education and training, and concern for community”
– Paul Vickers, Chair of the Board
“As a dairy co-operative, Gay Lea Foods is well positioned to understand both the goat farming priorities and the need for development of innovative, high quality and safe products to meet the tremendous demand and market opportunities for goat milk products. Welcoming new dairy goat producer members and the investment in Mariposa Dairy Ltd. further strengthen the position of Ontario agri-food as a leader in both domestic and international markets.”
– Michael Barrett, President and CEO
In 1958 a group of farmers came together with a common vision – to better the lives of Ontario farming families and co-operatives. Gay Lea Foods is 100% Canadian owned and operated, with 1200 dairy farmer owners who produce 35% of Ontario’s cow milk, and more than 3800 members making it the largest dairy co-operative in Ontario. Gay Lea Foods has now opened its membership to include licenced dairy goat producers in Ontario and processes goat milk into a range of dairy products as well as serving as a broker in the sector. Gay Lea Foods is driven by innovation and growing the market for Canadian cow and goat milk. Our products include the consumer favourite Spreadables; North America’s first SmoothTM Cottage Cheese; and the introduction of an innovative snack made with 100% cheese, Nothing But Cheese.
Sep 17, 2020
How one Hamilton-based charity is delivering hope during the pandemic with help from the Gay Lea Foundation
Aug 26, 2020
Fostering healthy families with the HealthBridge Foundation of Canada
Aug 18, 2020
How support from the Gay Lea Foundation helped four seriously ill, financially disadvantaged Ontario children and their families
Aug 12, 2020
Providing comfort, support and day refuge for victims, survivors and families impacted by violent crime as they navigate the court process in Winnipeg


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What if a USB cable could provide the same smooth, fast data transfer speeds as a Thunderbolt port? If that excites you, wait until you meet the USB4, the next generation of mobile devices and PCs.
USB4 will deliver data at incredible speeds when it’s connected via USB cables on compatible devices: up to 40 Gigabits per second. Intel has created the Thunderbolt 3 for the USB group, and USB4 bases its technology on Intel’s advanced tech. Thunderbolt 3 will be available to use royalty-free.
USB Implementers Forum released a press release explaining that they’re built in; this next logical step for the Universal Serial Bus tech will mean that Thunderbolt will become a more affordable tech for manufacturers to include in their devices.
Android Central explains that the sky is the limit; devices could include 100 watts of on-demand power, support for up to eight lanes of DisplayPort data, and 40Gbps transfer rates. Two 4K HDR displays, at 60 HZ each, or a 5K display could be supported fully.
This will mean that two 4K HDR displays at 60 Hz or one 5K display would be fully supported. If the tech becomes more affordable to include n devices, it will definitely bring down purchasing costs for devices supporting USB4.
As Jason Ziller, Intel’s General Manager of Client Connectivity explains, “Releasing the Thunderbolt protocol specification is a significant milestone for making today’s simplest and most versatile port available to everyone. By collaborating with the USB Promoter Group, we’re opening the doors for innovation across a wide range of devices and increasing compatibility to deliver better experiences to consumers.”
To fully benefit from the max data transfer speed, you will need to have cables that are 40Gbs-certified; these are USBC to USBC only. The USB4 will be fully compatible to all Thunderbird 3 devices and all USB specifications.
Microsoft, HP, Intel, and Apple are among the 50 tech companies that are going to be taking part in a final review of USB4 tech. They will release the specs around mid-year. The exciting part of these companies taking part in the testing is that it is predicted that they will use these new specifications when they do become available.
The USB4 is expected to be released next year.


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Leaders from the National Pork Board's International Marketing Committee, and staff of the U.S. Meat Export Federation (USMEF), just returned from a series of industry visits in Singapore, Vietnam, Hong Kong and Macau.
Patrick Bane, an Illinois pig farmer, has been named America’s Pig Farmer of the Year by the National Pork Board. Bane will travel the U.S. as an ambassador and voice for the pork industry throughout the year.
Today’s consumers are asking more questions about where their food comes from and now, a new non-fiction book by children’s author Katie Olthoff will help tell the story of raising pigs on a modern Iowa farm.
Jules Pretty will discuss sustainable intensification of agriculture systems and how it offers synergistic opportunities for the co-production of agricultural outcomes, at the Agronomy and Crop Societies annual meeting.


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Gérard Depardieu has announced plans to launch a “bio-vodka” and a chain of three restaurants in his adopted Russia.
The inaugural International Sherry Week, which took place on 2-8 June, has been hailed a success after attracting 100,000 participants via over 2,000 events.
Russian Prime Minister Dmitry Medvedev has revealed his ambition to almost double the size of Russia’s vineyards by 2020, according to a report by The Moscow Times.
Russian tastes for imported and sparkling wines are growing while the popularity of traditional beverages such as vodka and beer are in decline.
Illegal vodka trade accounted for 55% of Russia’s entire vodka market in 2013, while its legal vodka production dropped by 17% in this year’s first quarter.
The King of the Netherlands and the Russian president met for a beer at the Winter Olympics at a time of tension between the two countries.
Russian Standard, the largest wine and spirits company in central and eastern Europe, have announced a partnership to distribute Concha y Toro wines in Russia.
Madcap Scottish craft brewers, BrewDog, has launched a “protest beer” aimed at Vladimir Putin and Russia’s laws on homosexuality.
The “world’s most expensive cocktail” has been sold at the opening of an ice terrace at a restaurant in Moscow for $50,000.
Vodka consumption has been closely linked to data showing that 25% of Russian men will die before the age of 55.
© 2014 Union Press Ltd | Unit 122, 30 Great Guildford Street, London SE1 0HS, UK | Registered in England and Wales No. 03606414 | Tel: +44 (0)20 7803 2420


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www.nirandfar.com/2015/03/fitness-apps-is-making-you-fat.html, posted 2015 by peter in food health
One study called out “the dirty secret of wearables,” citing that “these devices fail to drive long-term sustained engagement for a majority of users.” Endeavour Partners’ research found “more than half of U.S. consumers who have owned a modern activity tracker no longer use it. A third of U.S. consumers who have owned one stopped using the device within six months of receiving it.”
While the report mentioned several reasons why people don’t stick with these tracking devices, my own theory is simple, they backfire. Here are three surprising reasons why fitness apps may be making us less happy and more flabby.


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Store owners plead guilty to selling bath salts
The owners of a Wyoming County convenience store have agreed to plead guilty to federal charges of selling illegal drugs known as bath salts, according to documents filed Thursday in U.S. District Court.
Naishad Patel, 29, and Dipika Patel, 27, were arrested last fall along with three others in a probe of alleged illegal drug sales in their Noxen Food Mart and another convenience store in Plains Township.
The Patels faced up to 20 years in prison, but will likely be sentenced to probation or no more than six months in prison under the terms of their plea agreements. They also agreed to forfeit more than $36,000 seized from their bank accounts and to cooperate with the U.S. Attorney's Office in other prosecutions.
The operators of the Plains Township store, Pritesh Patel and Kekulben Patel, are awaiting trial.


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Posted on: June 24, 2022, 11:34h.
Last updated on: June 24, 2022, 12:56h.
Downtown Las Vegas casino owner Derek Stevens is the latest gaming executive to sound a warning bell on inflation and a possible recession.
In Thursday comments before the Nevada Gaming Commission (NGC) the owner of Circa, the D, the Golden Gate, and the Downtown Las Vegas Events Center said his three casinos are starting to feel the pinch of inflationary pressures and waning consumer confidence.
We’ve seen the impact of inflation on slots, tables, and beverages for the last 10 weeks. The restaurant business has held up very well and hotels have been very strong and robust,” Stevens told NGC. “Some of that has to do with people booking their rooms and their flights out a distance. Restaurants and hotels have been strong, not just with us, but from what we’ve seen in all of Las Vegas. We certainly have a growing concern in regards to some of the telltale signs that we watch.”
He was appearing before the commission as the regulatory agency was approving the opening of a Circa sportsbook at the Legends Bay Casino in Sparks. That venue is Reno’s first new casino to debut since 1995 and is slated to open in August.
Stevens Says Devil Is In Details
The April reading of the Consumer Price Index (CPI) was 8.3% — one of the highest levels in four decades, but below the March report of 8.5%.
However, the declines didn’t last long, as the May CPI reading checked in at 8.6%, sparking concerns that neither the government nor the Federal Reserve has an adequate handle on soaring consumer prices. With travel and leisure, including casinos, considered a consumer discretionary industry, the group is highly vulnerable to inflation and would-be visitors deciding to tighten their purse strings.
Stevens says some of the data points he regularly examines, including ATM usage and other spending trends, indicate patrons are already dialing back spending.
“From April to May, the average withdrawal amount was down the most I’ve ever seen in my career –11%,” Stevens said. “That’s a telling sign. We noticed a significant reduction in uncarded play, and we’ve seen a reduction in the general spend on some of the last-minute, spur-of-the-moment items, like extra drinks or the pull on a machine. We have some concerns about inflation, but hopefully, things turn here by the time we get to the fall.”
Inflation Struggle Real for Gaming Industry
Stevens is far from the only gaming executive to recently mention inflation. With second-quarter earnings season looming, rising consumer prices could be a hot-button issue on casino operators’ conference calls.
Some operators are seeing signs of reduced spending among cost-conscious patrons, including in the Las Vegas local demographic. Likewise, regional casinos are among the contributors to the industry’s rebound from the coronavirus pandemic. But that strength could be tested, as gas prices remain high across the country, with no signs of near-term relief.
It’s possible Circa, which is the newest venue in downtown Las Vegas, sees improved spending trends when the 2022 football season starts. The property is home to the world’s largest sportsbook and is known for catering to professional bettors.


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The NRF Supply Chain 360 conference and expo was held in Cleveland June 20-21, 2022. It explored the modes and methods needed to build a stronger, more sustainable supply chain and ensure resiliency in challenging times. Learn more about the conference here.
American Eagle Outfitters is out to make friends with its competitors to improve the supply chain for everyone.
“Just imagine a world where every brand was sharing their assets and resources and basically creating a homogeneous thread where the package shows up at your doorstep more efficiently,” the company’s chief supply chain officer Shekar Natarajan said during a keynote session at NRF Supply Chain 360 in Cleveland. “We’re trying to create a new age of supply chain technology and supply chain operations, which I think is going to level the playing field for all people.”
Natarajan presented a shipping box prototype that AEO is developing — a modular, collapsible container that consolidates packages from different retail brands in different locations to ship to a customer. It’s part of AEO’s efforts to revolutionize the supply chain by making it more shared, scalable, hyper-efficient and sustainable through a consolidated delivery network.
Explore more supply chain content, webinars, networking events and resources from NRF.
At full capacity, which Natarajan said would be about 3 billion packages, that shared logistics network could save participating companies $40 billion, as well as save 49 million miles. It would reduce the trucking fleet by 90,000 vehicles and shrink retailers’ carbon footprint by 30 percent.
“Look at the world of logistics. It’s anything but sustainable today. Every one of the links of the supply chain is stressed with not having enough resources,” Natarajan said.
“As I project where the world is going to be and see where the constraints are — constraints in labor, constraints in trucking, constraints in how many packages show up at your doorstep — and the ability to deliver all of those things, I see that the world is going to be even more constrained with supply chain assets and so price escalation is going to happen. And to counter all of those, we need to have consolidation networks.”
The shipping box Natarajan showed is just the first generation — a second model will be out in July, with a goal of starting a pilot project at the end of the year.
So far, 70 retail brands have signed on, but the interest is widespread, particularly for small- and medium-sized companies that can’t compete with major retailers.
“In a place where you’re competing on expenses, in a place where you’re competing on products, the last thing you want to do is compete on supply chains,” Natarajan said. “Because competing on supply chains is really competing on resources, labor, utility, land, Mother Nature — and we’re only going to make it worse.”


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COLOMBO, March 30 (Xinhua) -- Sri Lanka's Plantation Ministry on Monday said it is aiming to revive its regular tea auctions in a bid to reduce the impact on the country's tea exports due to the ongoing COVID-19 pandemic, local media reported.
Plantations Minister Ramesh Pathirana told the media that the tea industry has suffered a setback during the past few weeks with some of the workers affected seriously without wages.
Sri Lanka has remained under a countrywide curfew since March 20.
Pathirana said that plans, however, were underway to get the auction revived by this week so that tea exporters could obtain their tea stocks to export into the global market.
Sri Lanka's tea export industry is one of the country's leading foreign exchange earners with the country earning over 1 billion U.S. dollars from its exports last year.
According to statistics from the Sri Lanka Tea Board, the country last year exported a record 11.8 million kg of tea to China as China is among the top 10 export destinations for Sri Lankan tea.


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Varnish claims streaming delivery record
February 23, 2023
Varnish Software, a specialist in web caching, video streaming and content delivery software solutions, in collaboration with Intel and Supermicro, has announced record-setting content delivery performance milestones, having achieved greater than 1.3 Tbps throughput on a single Edge server consuming approximately 1,120 watts, resulting in 1.17 Gbps per Watt. The combined solution makes it possible for content delivery services and the live event industry to support massive live streaming events in an economical and sustainable way.
“Achieving over 1 Tbps in a single Edge server is a major leap forward for the industry, and critical for delivering the next generation of video and digital experiences,” said Frank Miller CTO, Varnish Software. “The need to deliver more throughput with less energy and at the lowest cost is growing exponentially. With commercially available software and off-the-shelf server hardware from Supermicro – built on 4th Gen Intel Xeon Scalable processors – we have entered a new era of CDN cache performance. Varnish Software’s unique architecture, features and capabilities were essential in reaching the new benchmarks, which include asynchronous direct I/O, NUMA awareness and software-based TLS.”
The benchmarks were accomplished using Varnish Enterprise 6.0 deployed on a Supermicro 2U CloudDC server powered by 4th Gen Intel Xeon Scalable processors, without requiring the use of specialized, added-cost TLS offload cards. Supermicro’s CloudDC server line is an optimized platform targeting private and public clouds offered in 1U and 2U form factors in single or dual processor configurations. These servers are optimized for balance among processor, memory, storage, expansion, and networking to give the best efficiency. For expansion, each of these servers offer a variety of PCI-Express (PCIe) Gen 5 x8 and x16 slots for the latest PCIe cards. CloudDC is a well-rounded server that gives the best cost to optimised performance ratio.
“We deliver first-to-market innovations and IT Solutions that are environmentally friendly and fit every organisation’s objectives and budget,” said Michael McNerney, Vice President, Marketing and Network Security, Supermicro. “The collaboration with Intel and Varnish Software is an example of how we are working closely with best-in-class technology partners to deliver the latest generation of cutting-edge solutions, specifically in the video streaming and CDN space.”


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◎ Expect more cases like Lü Shangjian’s to surface in the near future.
On Jan. 4, Suzhou City public security bureau announced the arrest of Lü Shangjian, the controlling shareholder, chairman, and CFO of Chinese technology company Kingray New Materials Science & Technology Co. Ltd., for “illegally siphoning public deposits.”
On Dec. 15, 2017, Kingray announced that they had lost contact with Lü. The statement added that Lü might have embezzled 5.2 million yuan (about $800,000) of company funds, placing the company in a precarious position.
On Jan. 3, Kingray filed a report with the Suzhou police. The following day, the company filed a report with the Xuzhou police. Suzhou and Xuzhou are in Jiangsu Province off China’s east coast.
The backdrop: Aside from being Kingray’s controlling shareholder, Lü Shangjian is also the chairman of Jinlian Group, a holding company with several publicly listed firms both inside and outside China. Lü is a leading executive, shareholder, and legal representative of Jinlian Group’s fintech, commercial factoring, and other subsidiary businesses. Previously, Lü was the vice president of the Bank of China (BoC) Jinchang branch in Suzhou City.
Lü’s Jinlian Group and BoC’s consumer finance arm have some joint ventures. BoC Consumer Finance is a joint venture of the Bank of China, Bailian Group and Shanghai Lujiazui Financial Development Co., Ltd., and its products include various fintech services. Customers can get single loans not exceeding 200,000 yuan from BoC Consumer Finance’s fintech services, and Jinlian Group handles BoC’s 200 million yuan fintech business in Jiangsu Province.
Jinlian Group’s consumer finance business has branches in over 30 cities in China and plans to expand its business network further.
Our take: China’s real economy isn’t doing well. For years, China’s financial institutions have been idling and misappropriating funds, and practicing arbitrage, resulting in the build-up of immense risk in the financial sector. Expect more cases like Lü Shangjian’s to surface in the near future.