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Irish listed home builder Glenveagh has acquired Harmony Timber Solutions, a Wicklow-based timber frame manufacturer.
Harmony employs over 50 people, with capabilities in place to produce 450 high-quality timber frames every year.
According to Glenveagh, the acquisition will accelerate the delivery of new homes on the company’s journey to deliver 3,000 units per annum across its suburban, urban and partnerships segments.
The value of the acquisition was not disclosed and is subject to approval by the Competition and Consumer Protection Commission.
Glenveagh chief executive Stephen Garvey said the company had already worked with Harmony for over five years.
“We have been investing prudently in taking greater control of our supply chain in recent years to help meet evolving customer needs and deliver quality, sustainable homes while controlling costs in the process,” he said.
“This acquisition will give us three major facilities in key locations, all within an hour’s drive of Dublin and, more importantly, close to where we are building the communities in which our customers will make their homes,” he added.
Founder and managing director of Harmony, Garrett Dempsey said that the acquisition will help to alleviate ongoing supply shortages for Glenveagh.


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The bad news on inflation just keeps coming. At more than 9% year on year across the rich world, it has not been this high since the 1980s—and there have never been so many “inflation surprises”, where the data have come in higher than economists’ forecasts (see chart). This, in turn, is taking a heavy toll on the economy and financial markets.
Central banks are raising interest rates and ending bond-buying schemes, crushing equities. Consumer confidence in many places is now even lower than it was in the early days of the covid-19 pandemic. “Real-time” economic indicators of everything from housing activity to manufacturing output suggest that economic growth is slowing sharply.
What consumer prices do next is therefore one of the most important questions for the global economy. Many forecasters expect that annual inflation will soon ebb, in part because of last year’s sharp increases in commodity prices falling out of the year-on-year comparison. In its latest economic projections the Federal Reserve, for instance, expects annual inflation in America (as measured by the personal-consumption-expenditure index) to fall from 5.2% at the end of this year to 2.6% by the end of 2023.
You might be forgiven for not taking these prognostications too seriously. After all, most economists failed to see the inflationary surge coming, and then wrongly predicted it would quickly fade. In a paper published in May, Jeremy Rudd of the Fed made a provocative point: “Our understanding of how the economy works—as well as our ability to predict the effects of shocks and policy actions—is in my view no better today than it was in the 1960s.” The future path of inflation is, to a great extent, shrouded in uncertainty.
Some indicators point to more price pressure to come in the near term. Alternative Macro Signals, a consultancy, runs millions of news articles through a model to construct a “news inflation pressure index”. The results, which are more timely than the official inflation figures, measure not just how frequently price pressures are mentioned, but also whether the news flow suggests that pressures are building up. In both America and the euro area the index is still miles above 50, indicating that pressures are continuing to build.
Inflation worry-warts can point to three other indicators suggesting that the rich world is unlikely to return to the pre-pandemic norm of low, stable price growth any time soon: rising wage growth, and increases in the inflation expectations of both consumers and companies. If sustained, these could together contribute to what the Bank for International Settlements, the central bank for central banks, describes in a report published on June 26th as a “tipping point”. Beyond it, warns the bis, “an inflationary psychology” could spread and become “entrenched”.
Evidence is mounting that workers are starting to bargain for higher wages. This could create another round of price increases as firms pass on these extra costs. A survey by the Bank of Spain suggests that half of collective-bargaining deals signed for 2023 contain “indexation clauses”, meaning that salaries are automatically tied to inflation, up from a fifth before the pandemic.
In Germany ig Metall, a trade union, has asked for a 7-8% pay rise for nearly 4m workers in the metals and engineering sector (it will probably get about half that). In Britain rail workers went on strike as they sought a 7% pay rise, though it is unclear whether they will succeed. All this will make wage growth hotter still. Already, a tracker for the g10 group of countries compiled by Goldman Sachs, a bank, is rising almost vertically (see chart). A measure of pay pressure from Alternative Macro Signals is similarly animated. And wage floors are rising, too.
The Netherlands is bringing forward a rise in the minimum wage; earlier this month Germany passed a bill increasing its minimum by one-fifth. On June 15th Australia’s industrial-relations agency raised the wage floor by 5.2%, more than double last year’s increase. Faster wage growth in part reflects public’s higher expectations for future inflation—the second reason to worry that inflation might prove sticky. In America expectations for average price increases in the near term are rising fast.
The average Canadian says they are braced for inflation of 7% over the next year, the highest of any rich country. Even in Japan, the land where prices only rarely change, beliefs are shifting. A year ago a survey by the central bank found that just 8% of people believed that prices would go up “significantly” over the next year (consumer prices, indeed, rose by only 2.5% in the year to April). Now, however, 20% of Japanese people reckon that will happen.
The third factor relates to companies’ expectations. Retailers’ inflation expectations are at an all-time high in a third of eu countries. A survey by the Bank of England suggests that clothing prices for Britain’s autumn and winter collections will be 7-10% higher than a year ago. The Dallas Fed does find tentative evidence that customers are less willing to tolerate price increases than before; a respondent in the rental and leasing business complained that “it is getting tougher to pass on the 20-30% price increases we have received from manufacturers.” But that merely points to a lower level of high inflation.
The big hope for lower inflation relates to the price of goods. Fast increases in the prices of cars, fridges and the like, linked in part to supply-chain snarls, drove the initial inflationary surge last year. Now there is some evidence of a reversal. The cost of shipping something from Shanghai to Los Angeles has fallen by a quarter since early March. In recent months many retailers spent big on inventories in order to ensure their shelves stayed full. Many are now cutting prices to shift stock.
In America car production is finally picking up, which could unwind some of the outrageous price increases for used vehicles seen last year. Falling goods prices could, in theory, help douse the inflationary flames in the rich world, easing the cost-of-living crisis, giving central banks breathing room and buoying financial markets. But, with enough indicators of future prices pointing the other way, the odds of that happening have lengthened. Don’t be surprised if inflation roars for a while yet.
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In a bid to mitigate the losses and turn around its operations, Mahindra Two Wheelers Ltd. (MTWL) is working on a comprehensive cost optimization project. The company is reported to cut 700 jobs to downsize its workforce from 1,100 to 400.
The two wheeler division of the conglomerate has been working with consultancy firm AT Kearney to achieve material cost optimization.The company is reported to be gearing up to launch 6-7 products in 2017 and most of them will cater to lifestyle segments.
The major strategy rejig also calls for new products in unconventional and niche segments. It’s extremely challenging for MTWL to lock horns with established rivals like Honda and Hero Motocorp in the traditional scooter and motorcycle segments.
The company is expected to launch 6-7 new products in 2017 including premium scooters from the Peugeot stable. It was also reported that Mahindra is in talks with several defunct but heritage rich European motorcycle marques like Norton and BSA to acquire the branding rights.The company will enter the premium scooter segment with Peugeot products in the coming months.
While traditional products like the Centuro 110 cc commuter and Gusto automatic scooter failed to bring the much-needed volumes, the company’s flagship Mojo 300 cc tourer has been doing reasonably well in the lifestyle segment. The tourer is currently available in 15 cities and is clocking around 250 units monthly. The company is hoping to double this volume in the next six months by extending the availability.
Also read – Mahindra to launch Peugeot scooters next year
MTWL started off with an objective of being a mass market player but has now corrected its course to cater to the niche segments of the vast Indian two wheeler segment. For such a strategy to work out, it needs to have a lean and agile workforce.


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Net Entertainment’s Live Casino Games Go Mobile
Net Entertainment is a leader in the mobile gaming market, releasing plenty of great new games for players to enjoy on their smartphones and tablets every month. This week, the company aims to expand its mobile offering with the addition of live casino games to its catalogue.
‘NetEnt Live Mobile’ is a mobile solution that allows players to access their favourite live casino games while on the go. They can take part in live roulette, blackjack, baccarat and more, and they all feature Chroma Key technology. This means that the live mobile casino games from Net Entertainment can be customised to suit the layout and design of various online gaming operators.
Live casino games are not run on typical online casino software. Rather than operating on random number generator software, these games are played on actual table games in gambling venues. They are then broadcasted live to players at online casinos, who can wager on their outcomes. It works in exactly the same way as any online roulette, blackjack or baccarat game – except there is a dealer in charge of everything, rather than gaming software. As such, many players seem live casino games more trustworthy, despite the fact that online casino software is heavily regulated and monitored.
“Harnessing the best in streaming, audio and video technology, NetEnt has created a product that brings players as close as possible to the real casino environment,” says Per Eriksson, Chief Executive at NetEnt. “By involving players throughout the entire development process, we’ve ensured a user-friendly interface that enables the ultimate entertainment experience.”
It seems to be about time that live casino games are equipped with mobile gaming capability. Over the course of the past few years, we’ve seen more and more slots games go mobile, but table game lovers have been left out somewhat.
Live casino games are quite tech-intensive, so it is understandable that is has taken quite a long time for these types of titles to make the transition to mobile. We can’t wait to give these a games a spin to see If they translate well to smartphones and tablets.
Keep your eyes peeled for the new range of mobile live casino games from NetEnt at your favourite online casino.


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Pier 1 Imports announced this week that it will permanently shutter all 1,000 of its stores—which includes branches in San Jose, Cupertino, Gilroy, San Mateo, Redwood City, Dublin, Fremont and Los Gatos—by fall.
In a press release, the company stated it filed a motion in bankruptcy court to begin an “orderly wind-down of the company’s retail operations as soon as reasonably possible after store locations are able to reopen following the government-mandated closures during the COVID-19 pandemic.”
Store closing dates will vary by location, the company stated.
“We are grateful to our dedicated and hardworking associates, millions of customers and committed vendors who have collectively supported Pier 1 for decades,” Pier 1 Chief Executive Officer Robert Riesbeck stated in a press release. “We deeply value our associates, customers, business partners and the communities in which we operate, and this is not the outcome we expected or hoped to achieve.”
In February, the company filed for Chapter 11 bankruptcy.
“This decision follows months of working to identify a buyer who would continue to operate our business going forward,” Riesbeck stated. “Unfortunately, the challenging retail environment has been significantly compounded by the profound impact of COVID-19, hindering our ability to secure such a buyer and requiring us to wind down.”
On March 23, the company furloughed 65 percent of its workforce in response to the pandemic. It is unknown how many employees in Santa Clara County were affected.
Pier 1 began in 1962 with a store in San Mateo. The company sells merchandise such as home accessories and furniture.


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- Retail investors, as well as larger institutional shareholders, will have their say on the controversial issue after an activist investor successfully gained a place on the proxy statement.
- The proposal asks Amazon to conduct an independent audit on the working conditions and treatment of its warehouse workers.
- Tulipshare is calling for more individual investors to vote on the issue ahead of the company’s AGM on 25th May.
London, 20th April 2022: 2022 marks the first time that Amazon investors will be asked to vote on workers’ rights, after activist investor platform Tulipshare successfully defeated Amazon’s attempt to exclude the proposal from this year’s proxy statement once the U.S. Securities and Exchange Commission (SEC) determined that Tulipshare’s proposal transcends Amazon’s ordinary business matters. Despite decades of criticism over the treatment of Amazon workers, the issue has never before been put to a vote at the company’s AGM. Tulipshare’s proposal is listed as Item #16 on Amazon’s 2022 proxy statement.
The proposal was submitted on behalf of a Tulipshare investor concerned about continuing reports that Amazon employees are being subjugated to unsafe working conditions and unfair treatment on a global scale, including the company’s attempts to block unionisation of warehouse workers. The investor transferred Amazon securities onto the Tulipshare investing platform, thus allowing Tulipshare to submit the proposal for inclusion on the company’s 2022 proxy statement.
Amazon has historically been successful in preventing investors from having a say on workers’ rights. However, new guidance from the SEC issued in November 2021 no longer allows companies to exclude proposals that raise significant social policy issues that transcend a company’s “ordinary business” operations. Nevertheless, Amazon requested to exclude the proposal under the ordinary business exception citing similar proposals that were excluded in the past.
The SEC rejected the request and agreed with Tulipshare that Amazon can no longer avoid an independent audit of the working conditions and treatment that workers face by hiding behind the ordinary business exception. Tulipshare’s proxy fight win against Amazon is precedent setting for human capital management, which is the strategic way that a company manages its employees to maximize efficiency and performance.
Amazon’s human capital management strategy implements constant surveillance, demanding quotas which lead to high injury and turnover rates, and a “time-off-task” tracking system that punishes employees for taking too many bathroom breaks. The SEC’s decision upholds Tulipshare’s argument that the extreme conditions Amazon employees experience rise to the level of a significant social policy that transcends ordinary business. We believe this is a huge win for Amazon employees, activists, and warehouse workers at large – who have been fighting for better working conditions as we will now be able to present this issue at Amazon’s AGM.
Shareholders will now be asked to vote on the issue at the company’s AGM, which is scheduled for May 25th; those who owned shares as of the estimated record date of March 31, 2022 are eligible to vote at the AGM. Amazon’s top ten shareholders, which include Vanguard, Blackrock, T. Rowe Price Associates, Fidelity, and Northern Trust Investments, will play a significant role in deciding whether Tulipshare’s proposal will pass at the company’s AGM.
However, Tulipshare also wants retail investors who have benefited from the strong stock’s performance but are concerned about its treatment of workers to have their say. Recent Tulipshare polling revealed that only 1 in 4 investors surveyed (22%) always exercise their ‘shareholder rights’ and vote on key issues at companies they invest in. Not all shareholders have shares that have voting rights attached to them. If you are wanting to know if you can vote at the upcoming AGM you will need to check the details of your holdings and ask the relevant stock brokerage platform how you are to cast your vote. It is important to remember that any Amazon shares purchased after March 31, 2022 will not provide voting rights for this upcoming AGM.
The activist investment platform also hopes the proposal will send a message to companies worldwide that retail investors are willing to unite their shareholder rights and ensure accountability on social issues.
Antoine Argouges, Chief Executive and Founder of Tulipshare comments: “Having our proposal on the ballot marks a momentous step in accountability. Thousands of retail investors expressed interest in our Amazon campaign as they are concerned about the welfare of Amazon’s warehouse workers. This AGM provides the opportunity for all shareholders to have their say on what has been an enormous workers’ rights issue. We hope to be joined by many shareholders and we welcome other like-minded retail investors to have their say on the proposal and our continued engagements with the company by joining our campaign.”


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The famed baseball philosopher Yogi Berra was quoted as saying, “You can observe a lot just by watching.” That’s certainly the case when you watch where the largest electrical manufacturers invest in acquisitions and new markets. While there’s been no shortage of interesting news stories and key market trends to consider over the past 12 months, Electrical Wholesaling’s editors believe the following five news stories and trends will drive much of the change in the electrical manufacturing community in the near future.
#1 The New GE: Betting Big on a More Digital Future
If you hear some folks muttering, “GE, we hardly know ‘ye anymore,” don’t be surprised. Lots of folks are talking about GE’s intentions to sell of both its industrial solutions and lighting businesses, and its bold move to rebuild itself around IoT solutions, launch the Current, powered by GE, business, build out its renewables business and digitize most of the rest of the country in some manner.
The transition has been far from painless. Long-time CEO Jeffrey Immelt has left the company after 16 years at the helm and Warren Buffett and his Berkshire Hathaway fund dumped about 10 million shares worth an estimated $315 million in 2Q 2017 according to SEC documents. When that news broke in early August, the stock took a hit.
Certainly, the confirmed reports of divestitures at GE add to the air of uncertainty. A recent Reuters report said ABB is talking with GE again about purchasing the industrial unit after their talks stalled in July, although for less than GE’s original price tag of $3 billion. GE is apparently entertaining the possibility of selling its industrial solutions business for a little over $2 billion according to four sources familiar with the negotiations. And industry chatter about the potential sale of the GE Lighting unit gained new momentum in June when Randy Reid of the EdisonReport obtained and posted an internal memo that the iconic lighting business was definitely up for sale.
Sentimentalists longing for the “old GE” can’t stop the changes, and some recent announcements for new projects offer some insight into the types of orders the company will be gunning for in the future. The Home Depot recently announced that it had selected Current, powered by GE, to support the expansion of its rooftop solar energy program and that it would be installing 30,000 GE solar panels on the roofs of 30 home centers. Current partnered with Home Depot on site selection, project implementation plans, financing and incentive capture for 20 solar installations in New Jersey, as well as 10 additional stores in Connecticut, Maryland and Washington, DC. The panels will generate 11.9 MW in total and reduce the electricity grid demand by an estimated 30 to 35 percent annually at each Home Depot store.
On the digital front, GE’s Transportation unit announced that less than a year since launching a digital solution to keep cargo flowing efficiently through America’s largest container port, the Port of Los Angeles, LA elected to expand the program to include all container terminals and shipping lines at the Port, in a deal worth $12 million.
“The Port of Los Angeles and GE Transportation have become the global leaders on trying to digitize the supply chain and bring efficiencies to the maritime industry,” said Weston LaBar, executive director of the Harbor Trucking Association, in a GE press release. “A trucking dispatcher may visit up to 40 websites a day just to coordinate cargo movement into the port complex. Having a single portal, a single reference point, will create new levels of efficiency that we’ve been seeking for a long time.”
#2 The Dreams of Connected Lighting Clash with the Financial Realities of a Sluggish Lighting Market
It’s easy to see how connected lighting will revolutionize the lighting industry as we now know it. Linking light sockets to the internet by providing them with IP addresses allows users to control them remotely and collect energy usage data and other relevant application information. And some companies are equipping their IP-enabled fixtures with additional sensors and cameras for security purposes and to measure moisture, temperature, noise, the presence of occupants and applications we haven’t even thought of yet.
But the billion-dollar question is how soon connected lighting may start creating entirely new revenue streams. EW’s editors analyzed the transcripts of the most recent quarterly reports of publicly held lighting companies, and two messages came across loud and clear: The fortunes of the commercial/industrial lighting market are still tied to the cyclical swings of the nonresidential construction market, and despite its industry-shaking potential, connected lighting hasn’t yet scratched the surface of its enormous potential out in the field and has relatively little penetration into real-world lighting applications.
Eaton Corp. has made huge strides in lighting over the past five years with its blockbuster $13 billion acquisition of Cooper Lighting in 2012, the largest in its history at the time, plus steady investment in its lighting portfolio. At a 2015 investor conference, Eaton said it expected to gain $800 million in additional lighting revenue by 2020. And while the company is all-in on connected lighting with solutions like its DLVP, LumaWatt Pro, WaveLinx and innovative PoE (Power over Ethernet) wiring solutions, right now it’s more of a medium-term/long-term play, according to a recent teleconference with investors.
Craig Arnold, the chairman and CEO for Eaton, told investors the company has accelerated its R&D investment in its Electrical Products segment. “Some of the spending will certainly fall into the category of you have to be ready, you have to be capable,” he told analysts on the call. “And then in others are places where we’re in the midst of really developing what we think are unique and compelling value propositions around digitization. Lighting is one great example of where we think today we have a real value to sell and we think we can ultimately be paid for it. But these are largely upfront investments in core technology and core capability that essentially will have paybacks more in the medium term than in the near term.”
Cree Inc., is another lighting manufacturer that was in early on connected lighting. One of its flagship products in this arena is SmartCast PoE, a scalable and open IoT-enabled platform that’s part of the Cisco Digital Ceiling framework ready for mass deployment and adoption.
Charles Swoboda, Cree’s chairman, president and CEO, also said it may take several quarters for new products, particularly specified or more technical products like SmartCast, to impact the bottom line. He told analysts in his company’s recent call to discuss its financial year results that, “In lighting, a new product is probably two, three, maybe four quarters from when you see a real significant uptick, especially if it has to be specified. If it’s specified, it could be six quarters. So I think C-Lite (a new line of fixtures aimed at electrical contractors) maybe has a better short term opportunity just because it’s more of a stock and flow product, but a lot of those new products at LightFair, you really won’t see the benefit until probably early 2018.”
Despite the long ramp-up for connected lighting, few would dispute that the market opportunity is immense. In May, Acuity Brands announced its new Atrius software platform, a scalable and secure platform that enables indoor positioning, asset tracking, space utilization, spatial analytics and energy management. Vernon Nagel, the company’s chairman, CEO and president, gave analysts a brief introduction to Atrius and how it will mesh with the company’s installed base of other connected lighting products in a recent conference call.
“Through Atrius, we will continue to provide and expand our comprehensive set of IoT business solutions, leveraging intelligent luminaires, lighting and building management controls, software platform services and development tools. These solutions deliver connectivity and intelligence to a space via an expansive network of smart LED lighting and controls and a software platform that gathers, unlocks and transforms raw data to enable a broad range of software solutions, addressing critical business challenges. Atrius solutions have already been deployed across nearly 60 million square feet of indoor spaces, leveraging more than 1 million sensors. Additionally, the installed base of the Acuity Brands’ network lighting systems encompassing more than 1 billion square feet will now be upgraded to a more multifunctional Atrius sensory network that can supply IoT data to this robust platform.”
#3 Manufacturers & Their ESCOs: A Marriage Made in Heaven or Distributor Hell?
Osram’s announcement this year that had acquired a Houston-based ESCO (energy service company), Maneri-Agraz, for its Osram Lighting Services Unit that already includes the Sylvania Lighting Services business, was a reminder that some electrical manufacturers are quite interested in pursuing energy savings performance contracts (ESPCs) in deals that may or may not include electrical distributors as local sources of supply.
Along with Osram and Sylvania, Eaton, Schneider, Philips and Siemens all have business units that target ESPCs. The federal government provides some truly gigantic ESPCs, many through its General Services Administration (GSA), which owns and leases over 376.9 million square feet of space in 9,600 buildings in more than 2,200 communities nationwide. As GSA says on its website, “In addition to office buildings, GSA properties include land ports of entry, courthouses, laboratories, post offices, and data processing centers.”
Ever think an electrical distributor may one day compete against Tesla for business? It could happen, as SolarCity, which Tesla owns, is among the 118 firms on the Department of Energy’s Qualified List of ESCOs that compete for this work. Also on this list are these electrical manufacturers mentioned earlier, as well as some very familiar other names like Facility Solutions Group (FSG); electric utilities like Baltimore Gas & Electric, Florida’s FPL Energy Services, ConEd Solutions, PEPCO; and HVAC manufacturers like Carrier, Honeywell and Johnson Controls.
With all that’s going on with the LED revolution and the retrofit of not only these government facilities but thousands of buildings run by schools and universities, hospitals, Fortune 500 companies and other building owners, electrical distributors, manufacturers and reps should analyze where they stand with these ESCOs and see what business partnerships they may be able to engineer.
#4 Scratching Beneath the Surface of Schneider’s $1.25 Billion Purchase of ASCO
With all the acquisitions that happen each year in the electrical market, it’s way too easy to get a bid jaded about “just another billion-dollar-deal.” Don’t make that mistake about Schneider’s purchase of ASCO, a blue-chip manufacturer of automatic transfer switches that will mesh beautifully with Schneider’s package of switchgear and distribution equipment and its mission to be the biggest provider of power for critical applications like hospitals, financial institutions and data centers, where a few seconds without power can mean the loss of life, billions of dollars or terabytes of irreplaceable data.
As Philippe Delorme, Schneider Electric’s executive VP of Building and IT explained to industry analysts when the company announced the acquisition, “A transfer switch is something pretty simple. In many critical applications, (like) data centers or hospitals, you need to make sure that you always have power on. So you will have your connection to the grid, of course, but you will have some backup power. It could be, in most of the cases, gensets, and you need a piece of technology to connect or to switch sources from the grid when the grid has a problem to that source of energy.
“That’s what ASCO is doing. And to make the long story very short, ASCO is the leader in North America in this technology.”
#5 Billion-Dollar Deals in Renewables – Good for the Environment and the Company Vault
Tesla’s $2.6 billion acquisition of SolarCity late last year was just one example of the big dollars some companies are spending on renewables these days. Siemens provided two others, with its recently closed acquisition of Gamesa for roughly $1.2 billion, one of the world’s largest wind turbine manufacturers, and its $4.6 billion purchase of Mentor Graphics, which provides engineering software for a wide range of industrial applications including wind farms.
A report at www.cleantechnica.com ranked Gamesa and Siemens at #4 and #5, respectively, at the time of the acquisition, after Vestas, GE and Goldwing. According to information on Siemens’ website, the new company, Siemens Gamesa Renewable Energy, will have a 69GW installed base worldwide, an order backlog of around $24 billion, and revenue of approximately $11.2 billion.
Along with its Gamesa and Mentor Graphics deals, Siemens AG also recently announced a joint venture with global power company AES Corp., Arlington, VA, to develop utility-scale, battery-based energy storage systems in a new company called Fluence. An Electrical Marketing report said, “AES and Siemens are currently ranked among the leading energy storage integrators worldwide by Navigant Research. Together, the two companies have deployed or have been awarded 48 projects totaling 463 MW of battery-based energy storage across 13 countries, including the world’s largest lithium-ion battery-based energy storage project near San Diego.”
Summary. While Electrical Wholesaling’s editors think the news stories and trends outlined in this article will be the most interesting to watch, you could easily make a case that all the activity in IoT around predictive analytics capabilities, like Schneider’s investment in its Ecostruxure platform, is right up there, too.
And on the acquisition front, it will be interesting to see what happens with the recent news that General Cable’s board is considering a potential sale of the company, and with ABB’s purchase of Bernecker + Rainer Industrie-Elektronik GmbH (BR), an Austrian designer of factory automation equipment with estimated annual revenues of about $600 million.


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Ha Olam Ha Zeh was, in fact, rather similar to the Dutch D-66 party, launched at much the same time.
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At 4 percent interest for four years, the monthly payment would be 4. 16, 2016, file photo, a customer sets up his new i Phone 7 Plus, right, as he switches from the i Phone 6 at the Apple Store on Michigan Avenue during the release of the Apple i Phone 7 and the latest Apple Watches, in Chicago.


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Nordstrom Inc. doesn’t acquire much and, when it does, those acquisitions take time to marinate.
The department store chain ventured outside its four-wall comfort zone in February 2011 by purchasing flash-sale pioneer HauteLook for $270 million, and some financial analysts have concluded that it spent too much to do so. But Nordstrom and HauteLook assert the mind meld between retail’s odd couple — one, a 111-year-old risk-adverse, personal service-driven company trying to sort out its digital role, and the other, a nimble Web outfit that carved out a California-casual niche when the recession thrust online fashion deals center stage — has just begun to bear fruit.
“It’s interesting and similar to buying a house. You literally go visit something three or four times, and then you make this big purchase. Then you move in it, and you kind of start to understand how the light hits the house, how things move in the house and where you want things,” said Adam Bernhard, chief executive officer and founder of HauteLook.
Moving from analogy to reality, he continued, “It took about six to nine months before we really started to see where the synergies existed. Nothing came out of the gate, but now — I think [more than] 12 months later — we’re really starting to see the two companies understand where the integration is going to be possible.” RELATED STORY: Nordstrom Touts Online Potential >>
Like most traditional department store giants, Nordstrom feels it has to get younger and digitally shrewd. The acquisition of HauteLook, whose members average 30 years in age with an annual household income of more than $75,000, and early integration efforts are an attempt at both.
“We may have done a good job over the years with the Baby Boomer generation, but we have also got to figure out how to be relevant to the Millennial customer, and HauteLook has built a business on figuring that out,” said Nordstrom Direct president Jamie Nordstrom.
Marketing initiatives have been geared toward getting the HauteLook shopper to go to Nordstrom stores and getting Nordstrom shoppers to join HauteLook. Many of those initiatives have concentrated on HauteLook and Nordstrom Rack, the off-price division that is expected by yearend to have 119 units and to exceed full-price Nordstrom’s 117 stores. For example, HauteLook prompted customers on April 19 to enter a contest via Facebook to win Nordstrom Rack shopping sprees and received 20,000 entrants in four days. Later that month, from April 27 to 29, HauteLook put 175,000 inserts in bags at 40 Nordstrom Rack stores in California, Washington and Oregon offering discounts to Rack customers who signed up for HauteLook.
Nordstrom said, “They talk to customers who are rabid fashion fans on a daily basis. Our ability to get Nordstrom into that conversation has driven some meaningful results.”
Put more simply, Bernhard declared, “We are doing a very good job of moving our customers to Nordstrom.”
In addition to customer integration, HauteLook has been integrated into Nordstrom’s buying apparatus and supply chain. Bernhard noted that Nordstrom Rack buyers have been placed in HauteLook’s offices in Los Angeles and New York, where it has 300 and 25 employees, respectively, providing “us exposure to a lot more product.”
“We have the opportunity to participate in purchases that they’re doing,” he said. Whatever doesn’t sell on HauteLook often winds up at Nordstrom Rack stores.
HauteLook has also become Nordstrom’s new-brand testing ground. Last September, for example, the site teamed with makeup brand Lorac for two exclusive eye shadow palettes and sold thousands of the palettes in a day. The sales convinced Nordstrom, otherwise unlikely to take a chance on a small, unproven vendor, that Lorac would work in Nordstrom Rack. This September, HauteLook will offer another exclusive palette for $14 that will be made available in all Nordstrom Rack doors for a limited period.
“When you are able to introduce a new brand to customers through the flash-sale channel, they are much more likely to go buy that brand at regular price in a different channel. Certainly, brands that we work with understand that,” said Nordstrom.
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)
@badgalriri’s @fentybeauty launch in September was a massive success on social media, powering $72.9 million of earned media value, according to Tribe Dynamics. The brand’s foundation offering sparked conversations about diversity in beauty, launching the growth of emerging influencers and propelling the brand’s support on social media. Today, #fentybeauty won Launch of the Year at the WWD #BeautyIncAwards. (📷: Chema Moya/EPE-EFE)
@marianna_hewitt has become one of the most influential content creators in the beauty space, with almost 800,000 Instagram followers and a newly launched skin care line called @SummerFridays. Today, she was awarded Influencer of the Year at the WWD #BeautyIncAwards. (📸: @sophiachabbott )
As shopping behaviors evolve, the retail experience must follow. Head over to retail experts @colliersinternational’s Knowledge Leader series to read more about the shift in our shopping era. #colliersretail #lovecolliers
@prada opened a pop-up club, called Prada Double Club, in collaboration with German artist Cartsen Höller at @artbasel Miami. Last night, guests – including @youngparis, @ritaora and even Miuccia Prada herself – gathered in a former ice factory where the pop-up is housed for a performance from @wyclefjean. Go to WWD.com for full coverage on all the exhibits, parties and more at #ArtBaselMiami. #wwdeye (📷: @lexieblacklock)
@louboutinworld and @disney are making magic once again, creating a set of shoe designs for the release of “Star Wars: The Last Jedi.” Louboutin designed a pair of shoes for each of the film’s four female leads: Rey (@daisyridrey), Vice Admiral Amilyn Holdo (@lauradern), Captain Phasma (Gwendoline Christie) and Rose Tico (@kellymarietran). The shoes will debut on Saturday at the L.A. premiere of the latest episode. #wwdfashion
Today at the #BeautyIncAwards 2017, WWD will be joined by beauty leaders from around the world as we honor this year's most innovative people, products, brands and places. Follow along here and on Twitter for live coverage from the exclusive event. #wwdsummits (📷: @elizaflorendo)
Exclusive: Beauty superinfluencer @marianna_hewitt is launching her first-ever skin care brand with her business partner @laurengores. Their new line Summer Fridays, which will be sold exclusively at summerfridays.com starting in January, is launching with just one product – a hydrating cream Jet Lag Mask. “We wanted to focus on one product that was amazing,” said Hewitt. Read the full interview on WWD.com. Link in bio. #wwdbeauty #wwdnews
Michelin star-rated chef PJ Calapa marks his first solo endeavor with today’s opening of @scampinyc –– the new Southern Italian restaurant located in Manhattans’ Flatiron District. The upscale yet welcoming environment matches the menu, which includes two types of scampi: traditional Italian langoustines in butter and the Americanized version with shrimp over pasta 🍤 - pictured here. #wwdeye (📷: George Chinsee)


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Car prices have been a hot topic over the last couple of years, but the news has been almost universally bad. Automakers have struggled with expanding production to meet demand, and a whole rainbow of supply chain issues has made it hard to find many new models on dealers’ lots. That has driven up prices, but there’s finally some good news – for used car buyers, at least. Manheim, the world’s largest wholesale auction company, recently released a report on used vehicle prices in late 2022, and the numbers are trending in the right direction.
To be fair, adjusted used car wholesale prices were up slightly between November and December last year, but the real story is the difference between the ends of 2021 and 2022. Manheim recorded a 14.9 percent drop in wholesale used vehicle prices between December 2021 and December 2022, the “largest annual decline” it had ever recorded.
It’s important to note that we’re talking about wholesale prices, or the amounts dealers pay for the inventory they sell. Declines in wholesale prices are a good sign because lower inventory costs typically lead to lower retail prices for buyers, but the shift doesn’t happen overnight. Many dealers are sitting on inventory they purchased when the market was warmer and won’t be willing to offload vehicles at a loss. Others will hold onto elevated prices to boost profits, so it could be a while before buyers realize the full benefit of a wholesale price drop.
New vehicle prices have taken the opposite trajectory. As we reported a few days ago, people are paying more on car payments each month and more overall on new car purchases. At the same time, new vehicle supply is recovering, and sales volume is up. Manheim reported that light-vehicle sales were up 4.9 percent between December 2021 and December 2022. Sales to fleets were also up a whopping 47 percent, suggesting a potential recovery in production volume.
Despite the constant drumbeat of bad news around inflation and an upcoming recession, consumers had more confidence in December than earlier in the year. The Consumer Confidence Index rose 6.8 percent, and more people said they planned to buy a vehicle in the next six months. Gas prices likely played a role in that optimism, as they fell to $3.21 in December – the lowest in more than a year.
What this means for you
Lower used vehicle prices are good for people in the market to buy but not so much for those wanting to sell. Many purchased new cars at or above MSRP, which put them behind the eight ball from the start, and depressed used car prices could mean those people are stuck with what they bought until they’ve paid enough to equalize what they owe with the vehicle’s value. If you’re in that situation, it’s best to hold onto the car you have rather than roll negative equity into a new purchase. Cars are rarely a good investment, so it’s not a good idea to think you’ll recoup your purchase price down the road.
If you’re looking to buy a used car, be patient. If you can wait a few months, prices will likely continue to fall, but the process won’t be fast. The best time to buy a car is when you need one, but if you can afford to wait, you’ll be in a stronger position in summer 2023 or even later. As dealers clear higher-priced inventory and start purchasing more at lower prices, you should be able to negotiate harder and get a better deal.


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Capcom provided two big updates on their squad-based shooter Resident Evil: Operation Raccoon City today. For starters, they've released a gory new trailer entitled "Brutality."
Third-person shooter out this winter. Capcom's released the first teaser trailer for Resident Evil: Operation Raccoon City.Click here to read the full article Related Stories New Max Payne 3 screens - Reveal incoming? Nintendo yet t... Read Post
Capcom released an exciting new CGI trailer for Resident Evil: Operation Raccoon City this morning. The trailer, entitled "Triple Impact," shows how the zombie-infested city has changed since we last saw it. Read Post


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If you recall, Volkswagen introduced its Up! Lite concept at the Los Angeles Auto Show last year. The Up! Lite was constructed from lightweight materials like aluminum and carbon-fiber that contributed to a curb weight of just 1,530 pounds. Additionally, the sinister-looking concept was powered by an extraordinarily efficient 800cc, two-cylinder common-rail diesel engine fitted to a seven-speed DSG dual clutch gearbox and mated up with the standard hybrid bits such as an electric motor and a battery pack.
With all the technological marvels packed into a lightweight vehicle, VW claimed that the Up! Lite would hit a combined average of 70 miles per gallon. When we first laid eyes on the Up! Lite's spec sheet, we remarked, "should Volkswagen decide to green light the unfortunately named Up! Lite, it would be the most fuel efficient and environmentally friendly four seat vehicle on the planet."
Unfortunately, our chances of seeing a production Up! Lite – or, for that matter, any diesel hybrid from VW – have been all but wiped out by a few words from a VW spokesman who recently told Autocar that "diesel hybrids still don't make good business sense." The company spokesman went on by stating:
All hope is not lost though, as VW's development chief, Ulrich Hackenburg, did suggest that the concept's diesel-electric setup could be scaled up to bigger cars. However, that also means more expensive and less fuel-efficient, so we're not quite as stoked about a full-size diesel-electric car as we were about the Up! Lite.The higher cost of clean diesel technology would make them even more expensive than petrol-electric cars. The markets where hybrids are most popular are also the ones where diesels are least popular.


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For some time now, have been coming through a series of rumors suggesting that Apple would release an iPhone 8 with different materials. In this case, specifically, of ceramic.
This significant change would come on the occasion of the celebration of the 10th anniversary of the iPhone. It is expected that the iPhone 8 Debut in the autumn of the year 2017.
Although it has not only rumored on the iPhone 8 of ceramic. Have been taken into account other options as the Liquid-Metal, Stainless Steel, and glass.
Brian Roemmele, lover of the technology and self-proclaimed as “Alchemist and metaphysical” published in Quora an interesting article about the possible materials in which would be manufactured the iPhone 8.
In his article, Roemmele assured that the pottery is a fabulous material to dissipate the heat, and also allows you to transfer signs of connectivity Wi-Fi, Bluetooth, and LTE with ease.
Of course, also added that the pottery is one of the materials more resistant and durable at present. But… it would be a very different texture to the touch?
However, there are many analysts who say that the transition to the “Pottery” would be a really complicated process for Apple with barely a year of margin. Although not impossible.
Finally, it is interesting to add that Apple could lead this ” transition ” to new material (if the company was interested in diversifying with their construction materials) launching to the different models as “Premium”, “special edition”, or “plus”.
Obviously, if Apple chose to launch an iPhone 8 plus of ceramics, the device would be rather more expensive than the current models, although it always depends on the course and the development of new technologies, which usually tend to fatten up the prices.
What do you think? Do you think Apple will launch an iPhone 8 of ceramics? Or maybe of glass? Taking bets in the comments!?


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Australia is expanding its critical minerals sector to address a potential fiscal shortfall caused by declining demand for fossil fuel exports in a world transitioning to decarbonization. The country’s lithium shipments amounted to A$20 billion ($12 billion) in the year preceding June, and government projections indicate that the sector’s earnings could rival those of thermal coal exports by 2028.
Prime Minister Anthony Albanese emphasized Australia’s significant reserves of minerals crucial to powering the global economy in the 21st century. He highlighted the country’s status as the world’s largest supplier of lithium, as well as its substantial amounts of cobalt, vanadium, copper, and nickel.
In addition to expanding its critical minerals industry, Australia is also seeking to reduce global dependence on China. The country has discussed the establishment of a critical minerals task force with American authorities, aimed at increasing private investment in Australia’s rare earths sector.
Prime Minister Albanese is scheduled to visit China, Australia’s largest trade partner and primary purchaser of its iron ore, on November 4.
China’s Influence on Critical Minerals
China’s dominance in the critical minerals market has spurred concerns among other nations about potential supply chain disruptions. In this context, China’s recent moves to tighten controls on graphite have raised further alarm. As countries like Australia strive to enhance their domestic critical minerals production, reducing reliance on China has become a priority.
(With files from Bloomberg)


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India, EU set for 7th round of free-trade talks next month
India and the European Union will hold the seventh round of negotiations for a free trade pact in mid-February, covering services and investments.
India and the European Union will hold the seventh round of negotiations over the proposed free trade pact in mid-February, which will cover matters related to services and investments after discussions on goods and public procurements in previous rounds, two people aware of the development said.
“Substantial progress has been made in 18 out of 23 policy areas during the sixth round, which was held from October 16-21, 2023. After the round, in the last three-four months, the two sides ironed out several differences and prepared the ground to start the seventh round of negotiations from February 19-23, 2024, in the Indian capital,” one of them said. The sixth round held 71 technical sessions, he added.
Chief negotiators of both India and the EU have discussed modalities to take up chapters for services and investment and subsequently officials have agreed to proceed further, a second person said.
The two parties are discussing a bilateral free trade agreement, an investment protection agreement, and a pact for geographical indications. Now they will discuss services and investment, they said, requesting anonymity.
The EU wants India to remove barriers of trade for its smaller firms, open up services and Indian public procurement market, which is being negotiated on the principles of reciprocity and equity while protecting interests of domestic micro, small and medium enterprises (MSMEs), the second person said.
MSMEs, agriculture and dairy are sensitive sectors for India and New Delhi would not open them up for European producers on the principle of equity, he said.
Although India is the world’s fifth largest economy, it is still a developing nation with significantly low per capita income compared to European countries. Reciprocal trade arrangements in sectors such as farming and dairy are not possible as Indian farmers are poor. For them farming is for subsistence rather than profit, hence the government is committed to protecting their interests, he said.
Unlike recently signed trade pacts with Australia and the United Arab Emirates, the proposed deal with EU is comprehensive both in terms of vastness (27 member countries) and scope (in terms of subjects under negotiations). It will naturally take more time, he said.
The trade and investment negotiations was launched about a month after Prime Minister Narendra Modi participated in the Leaders’ Meeting on May 8, 2021, at the invitation of the European Council’s President, Charles Michel. It was the first time that the EU hosted a meeting with India in the EU+27 format.
The trade negotiation was relaunched in 2022, along with separate negotiations for an investment protection agreement and an agreement on geographical indicators. The trade negotiations was launched in June 17, 2022, by commerce minister Piyush Goyal and European Commission executive vice-president Valdis Dombrovskis. The EU and India had first launched negotiations for a free trade agreement in 2007 before the talks were suspended in 2013 due to a gap in ambition, an EU statement issued during the relaunch said.
Get Current Updates on India News, Lok Sabha Election 2024 Live, Arvind Kejriwal News Live, Election 2024 along with Latest News and Top Headlines from India and around the world.


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16 February 2022
Ocean Outdoor Limited
("Ocean" or the "Company" or the "Group")
Full Year 2021 Trading Update
FY21 performance ahead of previous guidance and business well positioned for the continued recovery; progress with the strategic review
London, UK: Ocean Outdoor, a leading operator of premium digital out of home (DOOH®) advertising in the UK, the Netherlands, the Nordics and Germany, today provides the market with a trading update for the full year 2021.
FY21 on FY20
Unaudited Group Revenue
Unaudited adjusted EBITDA
§ Appointed outdoor media partner for Edinburgh's prestigious St James Quarter £1 billion regeneration project
§ Appointed strategic media partner by Unibail Rodamco Westfield for the Fisketorvet, Copenhagen shopping mall
§ Appointed exclusive outdoor media partner for the Canary Wharf Group, with long-term contract value of £30 million
§ Launched 3D product DeepScreen® with successful roll out across the Group's large format full motion portfolio in all territories
Ocean experienced a strong bounce back in demand during 2021, which led to a 44.3% increase in Group revenue to £124.4m, and a significant increase in EBITDA to £18.6m. The year of recovery for the DOOH® sector began during Q2, with client activity and strong sequential demand tracking the vaccine rollout and phased lifting of restrictions. Importantly, Ocean also experienced a renewed confidence among the high-spending advertising categories, with the 'power brands' committing a greater proportion of their budgets to DOOH® as well as an increasing number of new adopters, reflecting the long term structural tailwind within the sector.
With nearly all of Ocean's portfolio of digital screens situated across prime retail and urban roadside locations, the Group has been able to fully capitalise on the recovery. Footfall across prime retail destinations, such as Westfield shopping malls and major city centres, has come back strongly whilst roadside traffic across most of our territories was back to pre-pandemic levels by the year end.
In terms of recovery trends across our territories since the half year, bookings and demand in the Netherlands and Nordics have continued to improve. All territories recorded a strong Q4, the Group's key trading period, with revenues up by 67.5% compared to Q4 2020 and 7.2% compared to Q4 2019, illustrating the strength of the ongoing recovery.
As well as the return of established users of DOOH®, Ocean has seen an increasing number of new adopters, driven by changing consumer behaviour as well as our new product, Deepscreen®, Ocean's 3D screen development. Since launching in the summer on the Piccadilly Lights, Deepscreen® has been rolled out across Ocean's large format full motion screens across all our territories to huge effect.
In terms of organic growth, the Group signed a series of new contracts across all territories during 2021. Some of the most high-profile included being appointed outdoor media partner for the St James Quarter in Edinburgh, a 10-year DOOH® contract with a lifetime value of £25 million; becoming the exclusive outdoor media partner for the Canary Wharf Group, with long-term contract value of £30 million, and being appointed strategic media partner for Fisketorvet, Copenhagen's premium shopping, dining and leisure destination, which carries a lifetime value of £7 million.
On 15 November 2021, Ocean announced that it had initiated a strategic review to evaluate potential strategic and financial alternatives to maximise shareholder value. This decision was taken after the Board and management felt that Ocean was undervalued, with the share price continuing to face technical trading challenges unrelated to Ocean's strong business fundamentals and intrinsic value. The Board is continuing to evaluate a number of options, including a potential sale, following interest and conditional offers received which may or may not lead to a transaction. Another update will be made when appropriate.
Commenting on Ocean's performance, CEO Tim Bleakley said: "The medium went from strength to strength during 2021 as Covid restrictions were lifted and vaccination programmes rolled out. As populations were liberated the advertisers targeted out of home, with audiences coming back fast and strong in the environments where Ocean is focussed.
"Ocean was at the forefront of driving the recovery, with DOOH playing the most significant role by providing a high impact and dynamic means to target highly valuable audiences efficiently and cost effectively. We have helped to deliver memorable, engaging campaigns that transcend the physical display, with images captured and shared across multiple online news and mobile platforms, on both a national and global scale. The pandemic has seen the medium underpin its value as a vital amplifier of other media platforms that either cannot reach younger demographics as effectively or deliver the broadcast brand fame the DOOH medium is so strong for.
"Ocean has also combined the fast audience recovery environments of prime retail and urban roadside locations with unique innovations, such as our immersive 3D Deepscreen proposition, which has been launched across multiple countries. All this though has been underpinned by the incredible efforts of Ocean's people, who have been amongst some of the most passionate and committed work forces in any sector to return to working out of home."
Outlook and current trading
Despite commencing the year with Omicron and restrictions to leisure and hospitality across some of our countries, trading has started very strongly. We currently expect revenue and adjusted EBITDA for FY2022 to be ahead of FY2019 reflecting the return of audiences and brands to OOH environments.
For further information please contact:
Ocean Outdoor 020 7292 6161
Tim Bleakley, CEO
Susann Jerry, Head of Communications
Yellow Jersey PR 07747 788 221
Charles Goodwin, Annabel Atkins
About Ocean Outdoor
Ocean Outdoor is a leading operator of digital out-of-home (DOOH®) advertising across the UK, Northern and Continental Europe. The Group's network of 4,000+ screens covers seven countries and 351 cities with its technological capabilities delivering the most impactful and measurable DOOH® brand and advertising experiences.
Ocean's portfolio comprises of some of the most iconic locations, such as the Piccadilly Lights and the BFI IMAX, whilst it also works closely with high-profile landlords, including Landsec, Unibail-Rodamco-Westfield (URW), the BFI, Nuveen and the Canary Wharf Group, as well as major city councils on the development of its network.
To date the Group's growth has been driven by tender wins and the rollout of new locations, as well acquisitions that complement the existing portfolio. Since 2018, Ocean has completed seven acquisitions, which have enabled it to expand its UK footprint and move into the Netherlands, the Nordics and Germany.


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Virtual and augmented reality technology (VR/AR) is changing the way we live — for the better. Whether it’s quality of life, gaming, learning, teaching, engineering, or even training for dangerous occupations, VR/AR devices are shaping the future — here in the present.
Many of these life-altering technologies were on hand at CES 2023 , which featured more than 3,200 exhibitors.
Below are 10 such technologies from this latest iteration of CES.
A haptic vest, Skinetic aims to allow wearers to encounter all life-like events occurring in a virtual world. The vest is equipped with 20 voice-coil motors around the torso, which allow for the emulation of infinite sensations. It also doles out localized sensations and can track the wearer in real time for realistic haptic feedback.
Built atop DigiLens’ holographic waveguide and micro-projection technologies, Onyx aims to offer a full XR experience in the form of glasses — see-through, all-in-one, binocular smartglasses with a center camera with optical/electronic image stabilization suitable for indoor and outdoor use.
Contact Glove — the first haptic VR controller in glove form that uses micro coils with shape memory alloys to provide tactile feedback — aims to provide a realistic sense of touch in a compact size. Contact Glove aims to enhance VR gaming experiences as well as metaverse communications.
The first tactile graphic device for the visually impaired, the Dot Pad — a 2023 Best of Innovation Award winner — boasts 320 8-pin cells in which 300 cells (2,400-pins) are for the tactile display and 20 are for braille-text. The portable device displays images, graphics, and charts in tactile form, and, when fully charged, its battery lasts 11 hours.
Originally introduced in 2016, the new Leica BLK360 — the fastest, lightest, and most comprehensive handheld reality capture product on the market today — offers a way to capture a space in the easiest manner while making volumes of scan data easy to view, edit, and share.
Powered by the 13th Gen Intel Core processor, Project Chronos offers a glasses-free, full-body experience that aims to enable users to virtually control their avatar — sans any motion-capture wearable — in the metaverse. The user’s movement is captured by an advanced RGB depth camera and replicated in a chosen 3D environment and displayed on a screen.
A VR full-body tracker hidden inside a pair of shoes, Surplex boasts 480 pressure sensors and two IMUs. It can accurately track the tiniest of body movements sans cords and straps.
ThermoReal_F1, a VR training suit with hyper-realism, delivers a safe and cost-effective training method for firefighters. It enables the wearer to take live fire training into the classroom — including the heat that comes with the job — and even reduces carbon emissions and water consumption.
ARwords — a paper book capable of interacting with digital contents and AR technology — aims for a beyond-the-pages reading experience. Its camera sees the book’s image and paper markers to generate AR interaction.
WATA aims to solve safety, logistics, and process management problems existing in industrial sites via 3D LiDAR-based real-time map generation, object recognition, semantic segmentation, and optimized industrial 3D point cloud dataset generation technology.


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You definitely cannot take advantage of 5G speeds and technology with a 3G phone. … It will be interesting to see how folks in rural areas that can currently only receive 3G signals will be impacted. Tracfone is extremely popular and their users will need to upgrade to VoLTE compatible devices by the end of 2020.
Will 5G work on 4G phones?
4G phones still work on a 5G network, they just won’t get that coveted 5G speed. … The truth is that 5G is not an entirely new network — it’s just added on top of the 4G network. So your 4G phone will keep working just fine and you’ll only have to upgrade if you want 5G’s blazing speed.
Will older cell phones work on 5G network?
Mobile carriers will use existing 4G LTE networks to provide their customers’ cell service well into the next decade. 5G networks will work with 4G — not outright replace it. The upshot is that 5G-capable cell phones will still use 4G technology.
Will 3G phones still work in 2021?
The carrier’s 3G shutdown was delayed once before. Verizon initially planned to switch the network off at the end of 2019, but that year it told Light Reading that it would wait until the end of 2020. … In 2021, Verizon says it will no longer support certain types of troubleshooting for 3G devices.
Does 5G require a new phone?
Will I need a new phone? While you will need a 5G phone to access a 5G network, it doesn’t mean you need one to reap some of its speed benefits. … So even if 5G is available in your area, your phone isn’t obsolete just yet, and it will still work perfectly fine on 4G.
Should I buy 4G phone or wait for 5G?
Basically, to put it simply, do not buy a phone just for 5G, if the phone you are considering has 5G, then it is fine but, do not upgrade or purchase a highly-priced phone just for 5G, since, the spectrum is not yet auctioned and the network providers are not ready with the technology and, there is nothing good about …
Will 4G phones be obsolete?
This transition is different from earlier cellular generation shifts, which means 4G could be useful a lot longer. 5G is here, but 4G isn’t going away anytime soon. It can run between 10 and 100 times faster than your typical 4G cellular connection today. …
Can you still use 3G phones?
We’ll work with customers to move them to newer technology.” … AT&T recently advised its customers using 3G phones that it plans to shut down its 3G network sometime in early 2022, while T-Mobile is reportedly looking to make voice over LTE (VoLTE) a requirement early this year.
Is my 3G phone obsolete?
“One change we’re making is phasing out our 3G network by February 2022. Once we do, 3G devices and 4G wireless devices that don’t support HD Voice will no longer work on our network.”
Will a 3G phone work on a 4G network?
Unfortunately, the ability to access the 4G network depends on your phone’s capability. So, if you have a 3G phone, you won’t have access to the 4G network. … If you’re in an area where 4G is available and your phone is an LTE, your phone may bump down to access the 3G network.
Will 5G replace WiFi?
Is 5G Faster Than WiFi? WiFi is used in smaller serviceable areas such as your home and can deliver incredible download speeds when connected to sources such as cable or fiber. As 5G continues to grow, it will deliver speeds that will compete with your home’s WiFi in many cases.


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Teen model Kaia Gerber rocks Alexander Wang’s NYFW show in New York City on February 10 th 2018 .
Posts tagged as “Photos”
Yoga Bae is officially here, and, his name is Mateo. Mateo is pictured as one of our eye candies of the week. As a yoga expert…
Shameless star Emmy Rossum appears in Los Angeles shopping over the Black Friday weekend in America.
Model Carmen Electra, 44, hosted a casino celeb Halloween bash over the weekend in Connecticut.
Heiress Nicky Hilton appears on a stroll in NEW YORK CITY just a week after giving birth.


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Aprilia upgrades its RSV4 Factory sport bikeOctober 30, 2019
As part of the Milan International Motor Show, they are soon to present the upgraded Italian Aprilia RSV4 sport bike with a semi-active suspension and other innovations. The presentation should take place in 2 years.
The second generation of the RSV4 sports bike by the Italian company Aprilia should be presented in the year 2021, and for now, the motorcycle manufacturer is improving its new motorcycle.
Last year, the RSV4 Factory modification was released, which received a 1078 cc engine developing 217 horsepower at 13,200 rpm and 122 Nm of torque. The curb weight of the bike is only 199 kilograms.
According to preliminary data, the new generation of the sport bike will receive a semi-active Öhlins suspension, as well as a colorographic scheme. In the near future we will receive even more details.
A little earlier, information flashed that restrictions began to appear on two-wheeled vehicles. They named the first city where a ban on the use of a motorcycle will be made – Brussels. According to the results of studies, it turned out that two-wheeled vehicles emit much more harmful substances into the atmosphere than cars.
- MINI confirms production of electric crossover
- Chevrolet K5 Blazer turned into an electric car
- Electric Kia Soul brought to the “moose test”
- The interior of the Porsche Panamera Turbo S has been improved
- Ferrari is testing a mysterious prototype


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The iconic Swedish furniture store received a 2015 Shonky Award earlier this month for having the 'hide' to list sofas and furniture covered in a leather-look "durable coated fabric" under the leather couches section of the store's website.
Prior to receiving the Shonky, Ikea got our attention when we were covering the difficulties Australian consumers can encounter when looking to buy a couch upholstered in leather (read our article Buying a leather couch for more on what to look out for). We found that as there's no formal certification scheme in Australia, the onus is on the consumer to dig deep into product descriptions to find out exactly what a couch is covered with.
The Ikea site was particularly confusing as all couches upholstered in a leather-look fabric as well as couches where only the 'contact areas' are covered in leather were all listed together under leather couches.
The recently updated Ikea website now lists clearly which couches are fully upholstered in leather, which have the contact areas covered in leather, and which are covered in the coated fabric – which means there's no more guesswork required. Great news for confused consumers!
CHOICE CEO Alan Kirkland says this update shows the value of the Shonkys in driving positive change for consumers. "Within a matter of days, we have ensured that Australian Ikea customers will know what they are buying. We have also sent a powerful message to other furniture retailers," he said.
We contacted Ikea for comment on the positive changes to their site. The store provided a statement saying that Ikea is committed to improving customer experience both in store and online. "All sofas displayed in store include complete information about their material composition on the price tag and now we have made changes on the website to make this information even more visible online."


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KATHMANDU, Mar. 5: Embassy of India in Kathmandu is organizing the International Entrepreneurship Conclave – Connect-IN at Kathmandu on March 24, in association with Clock b Business Innovations.
According to the Press Release of Embassy of India This event will serve as an ideal platform for connecting the young entrepreneurial minds of India and Nepal and will be the first of its kind platform created for the entrepreneurs of both countries to come together and exchange innovative ideas. It will extend the already strong ties between the peoples of both countries into the areas of entrepreneurial business and knowledge partnerships. It would offer opportunity for investors from both countries to invest in promising business ideas at an early stage.
The conclave, that includes key note addresses by Indian and Nepali start-up heroes, peer-to-peer idea exchange between Indian and Nepali entrepreneurs and an investment pitch to be made by shortlisted entrepreneurs to a panel of potential investors, holds the potential of building the ideal links between the dynamic Start-Up ecosystems of India and Nepal.
These series of events would be centered around the core theme of :
LEARN from the Indian and Nepali business heroes
CONNECT with the peers from India and Nepal
PITCH the best ideas to potential investors
There would be a series of auditions held at various venues in Kathmandu to identify great business ideas which would be provided opportunity to make their investment pitches to potential investors during the Finale’ . Further details shall be provided very soon. Keep following us on our digital media platforms and social media handles for further updates!


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Is Rihanna’s Prada dress Poly-inspired?
Superstar Rihanna turned heads at the Valerian and The City of a Thousand Planets premiere in La Plaine-Saint-Denis, Paris, on today.
The 29-year-old singer-turned-actress wore a gown from the Prada Fall 2017 collection and worked the blue carpet alongside her co-star Actress and model Cara Delivingne.
And SUGA’s are loving it.
— LaniSays (@LeilaniJM) July 26, 2017
It is not the first Polynesian-looking fashion attire the Powerhouse designer has released.
In Sping/Summer 2014, Prada released what they called “runway-inspired” canvas sneakers with Polynesian patterns. They had also launched a range of Polynesian-printed designer handbags too.


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Fans Can Vote For FIFA16 Cover Footballer
EA SPORTS have today announced that for the first time ever, fans will be able to vote for who they wish to join Lionel Messi on the front cover of FIFA 16. Fans can vote for who will join Messi on the cover of FIFA16 in Australia, France, Latin America, Mexico, and the United Kingdom.
As of now, fans can head to EASPORTS.com to vote for who they want to join Argentina and Barcelona ace Messi on the FIFA 16 cover, with voting closing on July 5th. Check out the video below...
In the UK version, fans can vote for Sergio Aguero, Harry Kane, Thibaut Courtois or Jordan Henderson to accompany Messi on the front of FIFA16. It caps off a busy week for FIFA fans, as yesterday EA Sports revealed the full trailer for FIFA16 at E3. In their reveal, they showcased the newest additions to gameplay, as well as the ground-breaking inclusion and development of Women's Football.


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Australia has skyrocketed from being the tenth most frequent online shopping nation to number three on the global list, according to market research agency TNS.
Speaking at yesterday’s Digital Next Australia conference in Sydney and today in Melbourne, TNS commercial director Jonathan Sinton unveiled data from his company’s Digital Life 2011 report. Sinton said that the strong Australian dollar, and the intense media and social focus on the issue has caused the rapid increase in frequency of online shopping.
Compared to 2010, Australians are now spending 16% more time shopping online.
There has also been an increase in people commenting on blogs and forums, sharing photos, sharing links and checking social networks. Australians are spending 36% more time on social networks in 2011 compared to 2010.
Sinton said: “Our daily lives are evolving and we are becoming constantly more connected consumers. Whether it is waking up in the morning and checking our phones first thing, reading the newspaper at our PCs or searching the web on our laptops in front of the TV – we are a deeply connected nation.”
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Have something to say on this? Share your views in the comments section below. Or if you have a news story or tip-off, drop us a line at firstname.lastname@example.org


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Long-standing camping equipment retailer, Outdoor World Direct, has reported its busiest summer ever this year, despite facing severe stock shortages and delays which saw the business only able to offer 30% of the stock it had pre-ordered from suppliers.
The retailer, which primarily trades online and has a showroom in Yorkshire, experienced unusually high demand for camping supplies this summer, with family tents and campervan awnings being particularly sought after.
David Scotland, who owns the family-run business which his dad Eric set up in 1999, reported a 60% uplift in sales, despite a large percentage of his summer stock never arriving.
“This summer has been one of the strangest I’ve ever experienced as a camping shop owner,” says Mr. Scotland, “demand for camping supplies has been higher than ever before — we even had people attempting to turn up during lockdown at the showroom earlier in the year, despite all non-essential shops being ordered to close. On the other hand, we’ve also faced huge stock shortages which made it impossible to fulfil the demand. Disruption caused by Covid-19, Brexit, production shortfalls and the Suez Canal blockage meant that key lines we ordered for Spring 2021 are now expected in early 2022 at the earliest. We’re experiencing stock delays of over a year on selected lines because the cost of shipping containers has more than trebled and it’s hit consumer goods retailers hard across all industries — like many retailers we’ve had to be really selective about what products to stock.”
Despite the challenges the industry has faced, Mr. Scotland is feeling confident about the future, especially because of a surge in popularity for caravans, campervans and motorhomes.
“With international travel being out of the question for most of us this summer just gone, many people have bought their first caravan, campervan or even tried tent camping for the first time,” says Mr. Scotland, “caravans and campervans are a long-term investment, they’re not something you buy and use once, for many it becomes a lifestyle so I think we’ll continue to see high demand for awnings and cooking equipment next spring, along with family tents which are always popular. However, supply disruption will definitely carry on into 2022, if not 2023, due to a shortage of production space, and the market being very clean of stock in the short term.”
Outdoor World Direct sells high quality camping equipment and caravan awnings from manufacturers – including Vango, Coleman, Outwell, Lichfield and more – via its website and Ossett-based showroom in Yorkshire.


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Just as there was a time when we forgot all about RAM in the PC Industry, it seems that nobody cares about the memory in their smartphones anymore. Well, that is everyone except for Samsung. You can have the fastest CPU in the world but, if your RAM is not keeping up, then the overall performance of your machine isn't going to keep up, either. Mobile memory has obviously been dragging behind Desktop memory for some time now, the size available to the chips is massively different and it's generally harder to produce something that's as small as today's mobile memory is.
Samsung have just announced that they've started production of their 4Gigabit LPDDR3 RAM for mobile devices, being produced using a 20nm manufacturing method. That might not mean much to most of you reading this but, the 4 Gigabit speed here will allow three full HD files at a collective size of 17GB to be transmitted in roughly one second. It'll transfer at a rate of 2,133 Megabits per second, which is much faster than the 800 megabits per second of LPDDR2.
As well as improvements to speed, the new memory will be 20 per cent gentler when it comes to power drain and it should make for much thinner devices. Samsung are claiming that 4 of these put together will deliver a 2GB memory module just 0.8 mm thick. That's some small memory right there!
What does it mean for us though? Well, it essentially means that going forward our devices should get a little thinner – without sacrificing battery life – and there should be a small increase in how long our batteries last us throughout the day. Of course, for a lot of people, the speed improvements are the most exciting factor here and they should help to bring the overall performance of smartphones and tablets to another level.
There's no word on just what devices this memory will end up in but, most OEMs buy mobile memory from Samsung so we could start seeing it in the flagships of 2014. Are you excited to get faster memory in your smartphone?


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Check out some of this new information about the latest updates in the car world.
CarBuyerNew Audi A6 2015 revealedCarBuyerThe new Audi A6 will get a selection updated engines, with Audi claiming it has reduced CO2 emissions by as much as 22 per cent across the range. As before, the most economical models will be badged ‘Ultra’ in the UK. Audi has made the decision to drop …Audi A6 range updated with styling, tech and spec tweaksAutoExpressAudi TT Coupe review: 2015 First DriveMotoring ResearchAudi A6 Range Revamped for 2015Honest Johnall 45 news articles »…New Audi A6 2015 revealed – CarBuyer
Additional car news is available by clicking the links below, these will all have the recent news about the main car brands as well as other car related news.
More car news
- Mike Ford: Bath head coach expects Premiership improvement – BBC News
- Ford Focus Facelift UK Pricing Announced, Starts from £13995 [Video] [Photo … – autoevolution
- A Ford man through and through with his eyes on a new Mustang – Telegraph.co.uk
- Ford UK: Win Tickets To See Tired Pony Live At … – TheThirdBar.com


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Below is a reprint from Food Democracy Now with a call to action to let the USDA and Department of Justice know that our local farmers must be protected. Watch out for corporate control of your food! And, please consider a contribution to Food Democracy Now! They offer a balanced perspective on the agriculture industry and work diligently on our behalf to keep the US food supply safe and healthy. The quality of the food we eat is one of the most important components to health and well-being.
The evidence is in: America’s food system is broken. Every week we read about record-breaking food safety recalls, a spiraling childhood obesity epidemic, and the continued loss of independent family farmers.
All of these problems can be traced back to one thing: excessive consolidation by Big, corporate food. But change may be on the way.
Recently, the Departments of Justice and Agriculture held their first joint workshop here in Iowa to gather evidence of antitrust violations in food and agriculture.(1) We were encouraged by the workshop, the first of five to be held this year,(2) but also concerned that the same companies that have caused these problems were well represented on the panels, while the family farmers most negatively impacted by corporate food monopolies were only given the opportunity to speak after public officials had left the building.
Even though these workshops are an important first step, real family farmers must have a seat at the table. It will take all our voices to ensure that the Justice department holds giant agribusiness accountable.
Please join us and tell the Attorney General Eric Holder and Secretary of Agriculture Tom Vilsack that it’s time to break up America’s corporate food monopolies before they do more harm.
The aisles of most American grocery stores give an overwhelming illusion of choice when it comes to our food. A closer look, however, quickly reveals that most of the meat, grain, milk — and even the grocery stores themselves — are all owned and controlled by just a few corporations.
The figures are startling:
• A single company (Monsanto) controls the seeds of 93% of soybeans and 80% of the corn grown in the U.S.(3)
• 4 companies (Tyson, Cargill, Swift & National Beef Packing Co.) control 83% of the beef packing industry(4)
• 4 companies (Smithfield, Tyson, Swift & Cargill) control 66% of the pork packing industry
For too long now, food and agricultural production has been consolidated into the hands of a few agribusiness giants. These companies dictate to us how our food is produced, how much farmers are paid for their crops and livestock and how much consumers pay for food.
Food Democracy Now! participated in last week’s workshop. We heard Attorney General Eric Holder talk about the “reckless deregulation that has restricted competition in agriculture” and promise that the Department of Justice, under his watch, was committed to “vigorous enforcement” of U.S. antitrust laws.
But given the power of the companies on the other side, we know that the change we need will not come easily. We must stand together and make our voices heard in favor of a fair and democratic food system!
Please support Secretary Vilsack and Attorney General Holder as they move forward. Join them today in pushing for real enforcement of U.S. antitrust laws and an end to America’s food monopolies. It only takes a moment. And after you’ve signed the petition, please ask your friends and family to do the same.
P.S. The next hearing will be in Normal, Alabama on May 21st 2010, and will focus on the poultry industry, followed by a hearing on the notoriously concentrated dairy industry in Madison, Wisconsin on June 7th. We’ll be sure to keep you informed.
1. US pledges to probe, bust agribusiness monopolies, Reuters, March 12, 2010
2. Department of Justice, Antitrust Division, Public Workshops, Agriculture and Antitrust Enforcement Issues in Our 21st Century Economy
3. Monsanto’s dominance draws antitrust inquiry, Patented seeds are go-to for farmers, who decry their fast-growing price, The Washington Post, November 29, 2009
4. 2007 Concentration of Agricultural Markets report, compiled by Mary Hendrickson and William Heffernan of University of Missouri Department of Rural Sociology.


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The Federation of Employers of Ukraine said delays at the border have cost Ukrainian exporters about $2.5 billion so far.
Demonstrators burned Russian packaged foods and other goods outside the Russian embassy in Kiev to protest the restrictions at the border, imposed by the Russian Customs Service, RIA Novosti reported Saturday.
"This was a symbolic action to show everyone that there are people in Ukraine who are ready to defend their rights," said Ruslan Tsekeli, who heads the activists group Nastup, the news service said.
Tsekeli contends Russia is using tighter restrictions at the border to pressure Ukraine into joining a Russia-Belarus-Kazakhstan trade agreement.
Kiev is scheduled to sign a free trade agreement with the European Union in November.
Minister of Economical Development and Trade Ihor Prasolov said the government in Kiev was considering filing a complaint with the World Trade Organization, but would wait until Monday before making a determination about that.
Another Ukrainian official, Deputy Prime Minister Yuriy Boyko, predicted this week high level talks would end the customs dispute by Monday.
Wisconsin business offering 'therapeutic cuddling' forced to close
N.J. man wakes up from 10-hour sleep with knife in back