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Phishing Attacks On Social Media Users Are On The Rise
With more than 4 billion social media users around the world, cybercriminals are more inclined than ever to target these users to make money or steal their personal information.
In the latest edition of the Consumer Cyber Security Pulse Report, the team at digital security firm Norton Labs published some important findings after spending a year analyzing phishing attacks against social media platforms.
A phishing attack is a fake email or message that pretends to be from an authentic or trusted source. A phishing attack aims to gain access and steal vital information from users.
According to the Norton Labs team, phishing attacks targeting social media users are on the rise, with users being targeted via email, text messages, or even within a social media platform.
The report identifies eight different phishing techniques used by attackers to target social media users, including classic login phishing, notifications of blocked accounts, notifications of copyright infringement, verified badge scams, hacking services for profiles, follower generator services, and two-factor authentication interception, and payment fraud.
In classic login phishing, attackers use a fake login page to deceive users into entering their social media data and passwords, which are forged by the attackers, who then use them to access the compromised accounts.
When notifying users about blocked accounts, the attackers deceive them that their account has been compromised. Users are then asked to provide information to restore their accounts.
Notices of copyright infringement mislead users into believing that their account has been suspended because they have broken certain rules. Users are therefore asked to log in to a fake login page to unlock their accounts.
Verified badge scams target verified accounts on social media platforms, asking them to log in to the attacker’s fake login page so they don’t lose their verified status.
Profile hacking services deceive users who want to hack a profile. Victims in turn are redirected to various malicious websites or used to generate traffic for ads.
Follower Generator Services target content creators who want to grow their audience. This type of phishing attack promises to help users grow their audience at little or no cost. Ultimately, users are redirected to malicious websites, where their information is collected and their presence used to generate traffic for ads.
Two-factor authentication interception helps attackers intercept temporary codes required to penetrate profiles with multi-factor authentication.
In the phishing campaign for payment fraud, attackers pose as well-known social media brands and deceive victims into providing payment card information. The aim is to extract user data and use it for malicious activities such as financial theft.
The sources for the piece include an article in Betanews.


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Banks and Institutions
Despite Bitcoin unable to close 2021 above the $100,000 level, Goldman Sachs experts said in a note released last Tuesday that this psychological horizon is still achievable if it takes a share of the gold market, though for a longer period. According to this note, BTC also needs to overtake approximately 50% of the ”store of value” market share over the next five years to see the $100,000$ valuation become true.
A pilot version e-CNY, the mobile wallet for China’s digital yuan, has gone live on iOS and Android app stores in China. Individual users in China may now download a version of the app to try out “personal wallet opening and management” and “e-CNY exchange and circulation services”.
The first Bitcoin ETF isn’t looking good: the ProShares Bitcoin Strategy ETF (BITO) is now trading at nearly 30% below its launch price. The Bitcoin institutional demand remains very low. Meanwhile, the Grayscale Bitcoin Trust (GBTC) continues to trade at its biggest-ever discount to Bitcoin spot price, and is getting ready to be converted into an ETF.
NFT volumes had been steadily decreasing between August and November, but December broke that trend: volumes increased 16.6% from November to December, reaching $2.26 billion in the last month of 2021. Possible explanations for December’s rise in sales volume could be increased interest in Bored Ape Yacht Club (BAYC) and gaming-focused NFTs during that month.
Welcome to ”Aave arc”: a permissioned version of the DeFi lending platform for institutions. Fireblocks, an institutional crypto custody firm, has become the first whitelister and will approve institutions that want to take part. The platform is aimed at institutions who want to participate in the DeFi sector in a compliant manner, by undergoing KYC and financial due diligence to be able to borrow and lend cryptocurrencies automatically to other such parties.
Decentralized exchange protocol Uniswap is live on Polygon since December 22. This news is coming just one month after the proposal to launch the Uniswap version 3 on Polygon. Uniswap users can now swap tokens using the Polygon blockchain via Uniswap’s official interface, which will avoid the pain of high gas fee at the same time.
Polygon was at risk of an attack which could have allowed attackers to steal over 9.2 billion MATIC tokens. The development team rushed to fix the issue, but before the mainnet upgrade was undertaken, a malicious actor exploited the bug and stole 801,601 MATIC tokens. The bug was patched on december 5, but was only disclosed on the 29th.
According to Wu Blockchain, the Solana network went down for around four hours in the early morning of Tuesday UTC time as a result of an apparent DDoS attack. Solana.Status shows the network has been fully operational with 100% uptime over that period. This is the third time in two months that the network suffers a halt in transactions or at least severe slowdowns.

domain: news


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THE Commonwealth hopes to establish a travel bubble with Japan as early as December, Governor Ralph DLG Torres said Friday.
He said he was glad that the Mariana Visitors Authority is considering establishing an investment program for Japan’s tourism recovery, similar to the one developed for South Korea.
The governor noted that the vaccination rate in Japan has improved, which is an important factor in establishing a travel bubble with the jurisdiction.
“I’m looking forward to that. I also want to congratulate Japan for moving forward with their vaccination,” he said.
The governor said he also hopes to see the return of Skymark Airlines flights to and from the islands, as well as welcoming other airlines interested in establishing a route between Japan and CNMI. .
MVA will first have to inform the Japanese Ministry of Transport and the Ministry of Health of CNMI’s intention to reopen this route.
The December target date is based on the current vaccination rate in Japan, MVA chief executive Priscilla Iakopo said.
“We have been notified [by MVA Japan office] that December of this year is probably a good target date as vaccination rates in Japan continue to [accelerate], as well as how the Japanese government is controlling cases there as well. We understand the Japanese government hasn’t pushed to maintain a travel bubble with any other destination at this time as they are really trying to get their Covid-19 cases under control there. For the past few weeks they have had over 20,000 confirmed cases per day,” she said.
An ad hoc TRIP-Japan committee chaired by Hyatt Regency Saipan General Manager Nick Nishikawa has been formed by the MVA Board of Directors to resume discussions with the MVA Japan office on how to establish a CNMI-Japan travel bubbles.
“We wanted to start having these conversations because when we launched TRIP-Korea, it took us several months to get to where we are now. We just wanted to reach out to all of our travel partners in Japan, as well as our partners here , to start having conversations to create a TRIP plan for Japan,” Iakopo said.
The board has agreed that MVA will include Warren Villagomez, chair of the CNMI Covid-19 task force and member of the MVA board, in these key discussions, as this will be another government negotiation to government, similar to the travel bubble deal between CNMI and South Korea.
“I hope we will get a good understanding of where the Japanese government wants to go and the pace at which it wants to go, and then start making concrete plans for the reopening of the Japanese market,” said TRIP-South Korea President Ivan Quichocho. .
MVA Board Chair Viola Alepuyo said it’s important to aggressively advance Japan’s travel bubble as soon as possible, while CNMI has the advantage of to be one of the safest travel destinations in the world right now.
“We only have one thing we can sell right now, and that’s how safe our community is. It’s a marketing tool that no one else in our area can brag about. Let’s use this marketing tool and be aggressive in establishing the other travel bubbles so we can bring in the tourists to boost our economy,” she said.


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Sweetgreen salad chain shares closed 76 percent higher on Thursday afternoon after it made its public market debut. The company’s stock is trading under the symbol “SG” on the New York Stock Exchange.
At one point, shares were 91 percent higher. Sweetgreen priced its IPO shares at $28 each, and its stock opened at a commanding $52 per share. In all, 13 million shares were sold and raised an additional $364 million for Sweetgreen. After shares surged, the company had a market value of over $5.5 billion.
Sweetgreen was founded in 2007 by three Georgetown University graduates — current CEO Jonathan Neman, Nathaniel Ru, and Nicolas Jammet. Based out of the Los Angeles area, Sweetgreen offers customizable salad and warm bowl menu items that appeal to health-conscious consumers who also want convenience.
The restaurant chain has utilized technology solutions to cater to online consumers and reduce lines inside its restaurants. Digital sales account for over two-thirds of Sweetgreen’s revenue.
Neman said, “We like to say we want to build the McDonalds of our generation.”
The company reported a $141.2 million net loss at the end of its fiscal year on December 27. At that time, it reported a revenue of $220.6 million. The restaurant chain likely was negatively impacted by the pandemic, as so many in the service industry have been.
But this year, Sweetgreen has rebounded from its pandemic lows. Sales have been 21 percent higher as of September, and its losses were less than they were in September of last year. Last September, the chain saw a $100.2 million loss. This year, it was $86.9 million.
Sweetgreen employs over 4,000 workers and has 140 restaurants located in 13 states and Washington, D.C. The company is hoping to double its footprint over the next five years.


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TOKYO (Reuters) – Japanese online retailer Rakuten Inc is buying U.S. eBook company OverDrive Inc for about $410 million, deepening its push into the U.S. market and into the “sharing economy”.
Rakuten’s announcement on Thursday about the OverDrive deal comes a week after it led a $530 million funding round for U.S ride-sharing service Lyft, signaling Rakuten’s shift in focus towards more-rental based businesses.
The acquisition of OverDrive, which currently offers eBook rental services to U.S. libraries and schools, is expected to be completed in April. It will push Rakuten’s eBook business EBITDA (earnings before interest, tax, depreciation and amortization) for 2015 closer to profit, the company said in a statement.
“OverDrive can be described as a ‘sharing economy’ business as it shares books,” Takahito Aiki, head of Rakuten’s global eBook business, told reporters.
Aiki said that Kobo Inc, a Canadian eBook company Rakuten bought in 2011 for $315 million, is “phase 1” of its eBook business as it allows consumers to buy eBooks. As part of “phase 2,” OverDrive will allow libraries and schools to rent eBooks, he said.
Another reason for the purchase is the firm’s aggressive drive into the U.S. market, Aiki said.
Rakuten has been on a buying spree in recent years to reduce reliance on its home market. In October it bought U.S. discount store Ebates.com for about $1 billion.


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The Latest Santa Fe Sport News
Hyundai has proposed a settlement that would offer owners extended coverage in case their sunroofs explode. … continue reading
Hyundai is recalling nearly 100,000 engines with fuel tubes that were misaligned, improperly tightened, or otherwise damaged during installation. … continue reading
The 2018 Santa Fe Sport has been recalled for suspension issues, although most of the affected vehicles haven’t been sold yet.
Hyundai is recalling about 200 model year 2018 Santa Fe Sport SUVs at risk of losing control while on the roads. … continue reading
Hyundai is recalling the 2017 Santa Fe Sport because the seat belts can detach in a crash. Talk about defeating the purpose.
The latest recall includes 2017 Santa Fe Sport SUVs to fix issues with the driver's side seat belt anchors that ma … continue reading
The bad news: the Santa Fe (and Sport) have hoods that can fly open and need to be recalled.
Hyundai says the 2013-2017 Santa Fe and Santa Fe Sport SUVs have secondary hood latch actuating cables that can corrode and bind, causing the seco … continue reading
572,000 Sonata and Santa Fe Sport vehicles are being recalled because the Theta II engines can seize at any moment.
Hyundai says machining errors occurred when the engines were built and those errors can cause the engine bearings to wear o … continue reading


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AT&T Corp., which is working to upgrade cable TV systems so they can carry phone calls and high-speed data, will also be reselling phone service provided by local Bell carriers like Ameritech Corp. during the years the cable upgrades will take to complete, a top executive said Wednesday.
John Zeglis, AT&T's president, told a luncheon gathering of Chicago reporters that even though the nation's biggest long-distance company is committed to delivering phone service over cable TV lines, it cannot rely upon that alone.
"Cable upgrades are multiyear projects," Zeglis said. "We need resale to get into the local market and recruit customers while we're working on cable. But we'll only do resale where it's profitable."
In 1997, AT&T began reselling Ameritech service in Chicago as well as reselling service from other Bell companies in other major cities. But it eventually pulled the plug on that effort after losing billions. That resell scheme involved buying the local Bell service for about 20 percent below retail and then reselling it to consumers under the AT&T brand.
AT&T's new effort focuses on so-called unbundled service, a form of resale with deeper discounts that has been endorsed by government regulators, but has been unpopular with Bell companies.
At present, Zeglis said, Bell Atlantic Corp. in New York and SBC Communications Inc. in San Antonio are the only two Bell companies that are seriously negotiating deals for unbundled resale.
Ameritech and other Bells continue to resist this form of resale, he said.
Consequently, there are no immediate plans for AT&T to launch local service throughout the Chicago region. Later this year, however, some initial AT&T phone service over its newly acquired cable TV systems here will be launched in selected suburbs.
"It'll be a little like the way we launched touch tone phone service decades ago," said Zeglis. "We did that one neighborhood at a time as we upgraded each central office."
Whenever AT&T may reach a resale arrangement with Ameritech that AT&T regards as profitable, the firm will launch local service across the entire Chicago region, he said.
It will take many years before upgrades to the cable TV systems AT&T has bought or hopes to buy will be completed, Zeglis said.
One reason that AT&T last week offered $58 billion in stock and cash for the MediaOne Group cable TV systems is that it wants to control network connections to its customers rather than depend upon the Bells or other companies, Zeglis said.
"Our strategy is to go end-to-end to our customers and not get caught in the middle as we have been as a long-distance carrier where we must pay the monopolies every time we connect with a customer," he said.
That same desire to control the networks it uses to the extent possible governs AT&T's partnerships abroad with British Telecom in Europe and in Japan.
"We're not going across an ocean halfway around the world and then stop, depending on someone else," Zeglis said.
"Our strategy is end-to-end connections, and that applies to international business customers and to U.S. residential customers."


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The new BMW 1 Series is a car at its best in urban environments. Since first turning heads on debut in 2004, the 2015 edition of the BMW 1 series boasts a complete redesign, with a re-shaped exterior housing much more than a new look. From the efficiency and responsiveness of its enhanced TwinPower Turbo engine through to the high spec interior, ConnectedDrive services and features such as Real Time Traffic Information, it’s the perfect car for exploring a new town. With that in mind, we headed for the Australian city that’s surprising everyone, and handed the keys to a man who’s helping lead Canberra’s youthful new charge.
As the original 1 Series was first hitting the streets, developer Nik Bulum was unveiling a project of his own. For years, he’d felt that Canberra’s approach to development was holding the city back. So, in 2012, he set about turning a lifeless industrial strip into a cultural hub that’s captured the imagination of a whole city.
It all started with an old garage, which Bulum bought cheap in the suburb of Braddon. As he waited to develop the space, he invited 18 different creatives to set up shop, giving them cheap rent and temporary retail space to help establish a presence and a fanbase.
The collective was dubbed the Lonsdale Street Traders, and almost five years on, those pioneering businesses are thriving. The Traders has upgraded to a new building across the road, and Braddon is the prime example of how Canberra is going one better.
With five new developments in the works and management of both the Traders and his own Scandinavian-focused design store, Nik Bulum is a busy man. But despite a hectic schedule, he was more than happy to show us Canberra’s innovative side, while getting a feel for the new 1 Series.
Although his family has a long history of development, Bulum does not look like your average developer. But behind his casual style and humble demeanor, it’s clear he’s driven to transform his home town for the better.
“Because I own a shop and I’m a landlord, I understand both sides,” he says. “There has to be harmony. If I can support the new guys to be happy and profitable then the whole street becomes a community and everyone supports each other. That’s what you want.” We’re driving toward Lonsdale Street and discussing what it has taken to breathe new energy into this once-drab industrial area. On the street, even first-time visitors can see how much has changed. The clean architectural lines of new buildings reveal hole-in-the-wall cafes nestled next to local designers, studios and a host of unique boutiques.
Last year, the Traders upgraded from the garage, making a permanent home in the new Ori building. With a façade reminiscent of origami, it’s a fitting space for everything that is connecting Canberra's once disparate creative scene. Even early on a weekday, the street bustles with an energy that’s unlike anywhere else in the city.
“A lot of shopping strips in Sydney and Melbourne have been lost to big chains, so I wanted to keep this independent,” Bulum tells us as we head in to Barrio Collective, a new cafe that exemplifies his development ethos. On just its second day of trading, Barrio is packed with locals keen to support their new neighbor. “I look at it like a garden,” Bulum smiles, when asked about his approach to development. “The more you plant and put into it, the more it will give back.”
“It’s an organic process,” he continues. “If you force culture it becomes sterile. It needs a bit of that grit, that colour and that craziness.”
This craziness is evident in The Hamlet. Down Lonsdale Street from the Traders, it’s a new project more akin to a Mexican town square than anything you’d expect to find in Canberra. Home to 12 food vans and a handful of retailers including the stylish KIN gallery, it’s packed with locals ignoring the cold to grab lunch from the different vans.
“The Hamlet is temporary, but I’m creating a new space that will push this idea further and give all these businesses a new home,” Bulum explains. “I just purchased an old bowling club, where I want to create a little village and revive community favourites like the corner milk bar in a new, fresh way. That will be where The Hamlet will move and evolve.”
After lunch, we take a drive to the suburb of New Acton and its famed Nishi building, winner of International Project of the Year at the 2015 Building Awards. While not a creation of Bulum’s, he has nothing but admiration for its developers, the Molonglo group, and it’s hard not to be in awe of their work. Home of the innovative Hotel Hotel, a beautiful patchwork of reclaimed timbers overlap to make up the building’s bespoke staircase, which leads to a restaurant, Monster, with an open fireplace, deep couches and stylish bar.
It’s now early afternoon and time for another coffee, with Bulum keen to stop in at The Cupping Room, home of another Canberran on the international stage: 2015 World Champion Barista, Sasa Sestic. From the buzz around the cafe, it’s clear Canberra’s coffee culture can hold its own. Created by Sestic and the team behind ONA coffee, intense flavours rule at The Cupping Room, and the day’s espresso is the Sudan Rume bean that Sestic used in his world-championship win.
Making our way around the city, Bulum constantly stops to chat with friends and work associates, most of whom fall into both categories. “My office is the street,” he grins, while en route to the Canberra Zoo. Our tour is taking a spontaneous detour to check out Jamala Wildlife Lodge, a unique hotel that helps fund animal-welfare programs run by the zoo with rooms that share walls with shark tanks and monkey enclosures. “It’s so cool,” says Bulum. “It’s the only place in Australia like it.”
It’s clear the days of Canberra as a two-function town – home only to government and galleries – are long gone. Today, the capital is a youthful and connected micro city with all the benefits of urban living and few drawbacks. “You can have that connected city lifestyle in terms of dining and socialising,” says Bulum. “But it’s an easier lifestyle, and you don’t get caught up.”


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Weak global demand still denting HK's trade performance
Weak global demand continued to weigh heavily on Hong Kong's trade last month, as imports and exports shrank by more than one-fifth in value compared with a year ago, the government said.
The value of exports dropped 21.1 per cent to HK$175.5 billion, while imports fell 22.7 per cent to HK$193.7 billion, according to data from the Census and Statistics Department. Re-exports decreased 20.5 per cent to HK$171.1 billion, and domestic exports were down 41.1 per cent to HK$4.4 billion.
The trade deficit narrowed to HK$18.2 billion, compared with HK$23.2 billion in February.
In the first quarter of this year, exports fell 21.9 per cent and imports dropped 22.8 per cent.
'Similar to the situation in other Asian economies, Hong Kong registered another month of sharp decline in merchandise exports in March, as the global economic recession led to a significant contraction in world trade,' a government spokesman said. 'As the global economy has yet to show signs of recovery, the external trading environment will remain challenging in the coming months.'
Although a number of manufacturers and exporters in Hong Kong still have orders in hand, the city's export-oriented economy is unlikely to improve in the short term. Consumer demand and sentiment in the United States, Britain and other major markets largely dictate what and when retailers decide to buy.
Last month, exports of telecoms and audio equipment shrank by HK$10.6 billion, or 29.3 per cent, electrical machinery and appliances were down 12.7 per cent, or HK$6.9 billion, and office machines dropped by HK$5.6 billion, or 26.6 per cent.
Hong Kong's exports to Singapore, South Korea and the Netherlands all declined by more than 30 per cent. Exports to the mainland dropped just under 20 per cent, while Germany experienced the smallest decline at 11.9 per cent. Imports from Japan plunged the most at 40.4 per cent, but they were virtually flat from the US, down just 0.8 per cent.


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You’ve made it through another month! While full of rainy and sometimes cold weather, the real estate market was keeping things warm. Interestingly enough, June marked the first decrease in total sales since the beginning of the year. This is no change from year over year, as June is typically the period when the industry is drifting from the busy spring market. 800 homes sold in June of 2017 while in May there were 976 homes sold. When comparing to June of 2016, there were only 758 homes sold in June and 786 homes sold in May.
There was a tie this month with the highest number of home sales in two districts, East I, otherwise known as Argyle Mall and South X, otherwise known as White Oaks, with a total of 35 sales. The area surrounding Argyle averaged $228,700 while the area surrounding White Oaks averaged $216,900. These areas are appealing to first time home buyers due to the low cost of entry and access to a number of amenities.
Comparing month over month, London actually noticed a decline in the total average sale price from $350,000 in May to $342,000 in June. There is nothing to worry about however, the prices are not declining, rather the areas of highest sales are changing. With lower price point neighbourhoods ranking at the top for the month of June, this may have tilted the total average for the month.
When we are looking year over year growth, the average price last year was $284,000 while this year we are sitting at an average of $340,000 with an average list to sale price of 104%. This means that on average, every home listed is seeing a sale price of 4% over the list. On a $300,000 home, this means $12,000 over ask on average.


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Bentley’s in-house Mulliner bespoke customisation arm will reveal a new production car called Bacalar at Geneva next month
Bentley has confirmed that it will reveal a new car ‘offered for purchase only to a very few’ at next month’s Geneva Motor Show, which will be positioned as a new halo model for the brand as a whole.
The Bentley Mulliner Bacalar has been confirmed as the new model’s name, while it’s also been teased as being a car with a design inspired closely by the EXP 100 GT concept revealed last summer.
• Best luxury cars
While that was a car created merely to celebrate the brand’s centenary using an all-electric drivetrain, the Bacalar will be a production car offered out to Bentley’s most prospective customers, and is almost certain to stick with a twelve-cylinder engine plucked from elsewhere in the Bentley line-up.
Bentley has also spoken of the Bacalar representing ‘Grand Touring at its most exhilarating,’ so the final car will retain the GT shape of the EXP 100 GT.
As such, it’s not impossible to imagine the Bacalar being a Mulliner coachbuilt variant of the latest Continental GT. A teaser video issued by Bentley makes it difficult to confirm this though, only teasing the car’s dramatic rear end, while the sole teaser image is of a diamond cut wheel.
Are you looking forward to seeing the Bentley Mulliner Bacalar in full? Let us know your thoughts below…


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* FDA urges consumers to stop taking intranasal products
* Shares of Zicam maker Matrixx fall 70 percent
* Company says products do not cause loss of smell
* Says may remove products from market (Adds analyst comment, company suspending shipments, closing share price)
By Lisa Richwine and Bill Berkrot
WASHINGTON/NEW YORK, June 16 (Reuters) - U.S. regulators warned Matrixx Initiatives MTXX.O to stop selling intranasal versions of its zinc-containing Zicam cold remedy after more than 130 reports of people losing their sense of smell after using the products, sending Matrixx shares into a tailspin.
The U.S. Food and Drug Administration also urged consumers to stop taking the over-the-counter products, agency officials said on a conference call with reporters on Tuesday.
Shares of Matrixx, which said the affected products account for about 40 percent its net sales, fell 70 percent to close at $5.78 on Nasdaq.
The company must seek FDA approval if it wants to continue selling the Zicam zinc products that are administered through the nose, agency officials said.
Matrixx, in a news release, said it believes the FDA action to be unwarranted and is in the process of determining its response, which may include pulling the products from the market. The company said it has suspended shipments and will reimburse any customer desiring a refund.
“This is not a short-term overreaction, this is potentially a game changer on the negative side,” Scott Henry, analyst with Roth Capital Partners, said of the plunging share price.
The FDA warning applies to Zicam Cold Remedy Nasal Gel, Zicam Cold Remedy Nasal Swabs and Zicam Cold Remedy Swabs, Kids Size. A public health advisory posted on the FDA website said the products “have all been associated with long lasting or permanent loss of smell” and “have not been shown to be effective in the reduction of the duration and severity of cold symptoms.”
The action does not affect Zicam oral zinc tablets or lozenges, the FDA said.
“There could be fallout on the rest of the brand,” Henry said. “Assuming they cannot overturn the FDA’s decision, you could lose 60 percent of profits, if not higher.”
There is also the possibility of a rash of personal injury lawsuits as a result of a product recall.
“This is a small company. $100 million in litigation expenses could wipe them out,” Henry speculated.
The FDA told Matrixx in its warning letter that the Zicam products are misbranded for failing to adequately warn of risks associated with them.
Matrixx defended the products, saying they are safe and do not cause a loss of sense of smell.
The FDA in its notice to consumers said many people who experienced a loss of smell said the condition occurred with the first Zicam dose, while others reported loss of sense of smell after multiple uses of the products.
The agency noted that loss of sense of smell can limit the ability to detect the smell of gas or smoke or other signs of danger in the environment, and said affected patients should contact their doctors. (Reporting by Lisa Richwine and Bill Berkrot; Editing by Maureen Bavdek, John Wallace, Dave Zimmerman, Richard Chang)


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The heads of four major technology companies of the United States statements according to insiders, in a competitive process in July in the us Congress. Jeff Bezos of Amazon, Mark Zuckerberg of Facebook, Sundar Pichai of the Google mother-Alphabet, and Tim Cook from Apple would be on or around the 27. July to appear before the legal Affairs Committee of the house of representatives, said two of the projects familiar persons on Wednesday. The company was initially no opinion.
The government in Washington is currently investigating the competitive practices of large technology companies. It is feared that they have too much Power and users as well as competitors damage.Date Of Update: 02 July 2020, 09:19


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Amazon is launching a TikTok-like feature called Inspire that lets users scroll through short-form videos and hopefully buy stuff from brands, but industry observers don’t seem too inspired by the company’s latest venture into social commerce, an area that hasn’t really exploded. It’s the latest in a decade of social commerce experiments.
Livestream commerce became more popular during the pandemic lockdowns, and there are new reasons why it’s seeing some pickup. Some high-profile shakiness in the U.S. (see Facebook, TikTok) means brands need to understand what their audiences want and need, instead of trying to apply here what worked in other markets.
Brands have always sought to align themselves with media and messaging most likely to prove influential among core audiences. But today, even the way in which consumers are influenced—and to what extent—is proving to be a defining trait of certain groups. Learn how influenced consumers are a group worth paying attention to.
If the pandemic has taught ecommerce brands and retailers anything, it’s that being flexible in creating new avenues to engage with consumers, especially hard-to-reach demos like Gen Z, is mission critical for survival. For any brands targeting Gen Z shoppers, micro influencers will have to play an extremely important role.
For the past decade, brands have scrambled to serve millennials, the first internet-obsessed generation that forced them to rethink ecommerce selling strategies. Now, they are reinventing as Gen Z gears up to enter the workforce and fast becomes a formidable force in the economy. Is your ecommerce platform ready?
Fast delivery, once a way to really stand out, has become standard and the effort to add on new features and faster speeds is starting to look like a race to the bottom. Shipping is important, but brands need to redefinine customer interactions and reimagine the impact on operations in order to really differentiate themselves.
Apple’s launch of iOS 14.5, featuring its new privacy protections, has been championed by iPhone users tired of invasive ads, while advertisers frantically adapt to the changes, especially small businesses that rely on targeted ads. While challenging to advertisers, privacy is an important issue. Five weeks in, here are some key learnings.


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A recent case has demonstrated the potential repercussions of a director complacently assuming that he is impliedly authorised to enter into all transactions on a company’s behalf, according to a corporate lawyer.
“A contract may be entered into on behalf of a company by any director acting under express or implied authority,” according to Philip Round, a partner at the Wolverhampton office of George Green LLP. “A contract entered into by a director without the requisite authority may be set aside by the company. A recent High Court case has shown that, whilst the requirements for obtaining authority are not particularly onerous, the consequences of proceeding without authority are potentially costly.”
Mr Round continues, “the case of Dickinson v NAL Realisations (Staffordshire) Ltd” concerned certain transactions entered into between a company and its managing director, who was also its controlling shareholder, in an apparent attempt to move assets out of the company at a time when it was subject to a potentially significant nuisance claim. When the company was subsequently placed into liquidation, the liquidators sought to set aside the transaction.”
According to Mr Round the transactions included a buyback of shares from the director, a sale and leaseback of the company’s property and the sale of a majority holding in the company’s overseas subsidiary. “In addition to finding that the company had not complied with the statutory formalities required for a buyback of shares and a sale of a substantial property to a director, the transactions were also voidable for want of authority. It was apparent that no board meetings had been convened to approve the relevant transaction, and even if they had been held, they would not have been quorate because under the company’s articles, the director was not entitled to vote on any matter in which he had a personal interest.”
Mr Round concludes, “Clients are frequently surprised by the formalities to which they must adhere in approving a transaction between a company and its controlling shareholder and director. This case demonstrates the importance of taking these formalities seriously.”


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Hanson doing even better over there
Hanson used to publicise its US empire with Glenda Jackson and George Segal TV commercials hailing 'the company over here doing rather well over there'. Now it is once again on the move in America.
Since its demerger in February 1997 when it hived off Imperial Tobacco, Energy Group and Millennium Chemicals, it has raised £700m from disposals.
These included a big US crane-maker, Hanson Air, and Melody Radio. But at the same time it has been growing its main building materials business in the US.
It bought Californian aggregates producer, Nelson Holdings, for £22.5m yesterday - its sixth US acquisition in the last
two years bringing its spending to £260m. Half the group's business is now back in America where it is the third biggest aggregates producer and the second largest manufacturer of concrete pipes.
Hanson has stuck to its traditional policy of seeking a 15pc cash flow return on investments so all its acquisitions have boosted earnings.
It still has £160m cash and other deals should follow not just in the US but also in the Far East, which it has targeted for expansion.
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In what could be good news for online retailers in Australia, new retail research has predicted that online retailing will account for almost ten per cent of total retail sales in the country by the year 2017.
According to information released by Frost & Sullivan, the online retailing market is currently tracking a strong performance, and at the rate it is growing, total online spending will reach around $18.3 billion by the end of this year.
The average amount that each online shopper in Australia will spend per year is $1,750, with this figure expected to increase or be maintained over the next 12 months.
This increased spending for the online market presents businesses in Australia with a great opportunity to take advantage of the online retailsphere and the benefits that it has to offer.
“We expect continued growth in online sales over the next five years with a Compound Annual Growth Rate (CAGR) of 13.1 per cent. Online sales as a percentage of total retail sales are predicted to increase from 7.0 per cent in 2013 to 9.8 per cent by 2017,” said Frost & Sullivan senior research manager for Australia and New Zealand Phil Harpur.
“Customers have become more comfortable with the online shopping process, including reduced concerns over security and higher levels of confidence in the delivery process, which helps drive growth in online shopping.”
The strength of Australian dollar in recent years has allowed the purchasing power of many Australians buying from overseas websites to be at a good level. However, the recent drops in the last couple of months may direct the focus of shoppers to more domestic sites, as international purchasing power begins to decrease.
Mr Harpur stated that in the last two years, the number of online shoppers in Australia buying from domestic retailers has increased from 21 per cent in 2011 to 29 per cent in 2013.


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Good news! The Sunday Farmers' Markets in Summit, New Jersey have been extended until the weekend before Christmas. I remember from last year that the number of shoppers dropped off significantly with the cold weather, so they didn't know if they were going to try to do it again this year. Alas, here's your opportunity to dress warmly and continue supporting the farmers. If enough people come out, maybe we can have a year-round farmers' market like they in other areas.
Five places to hide your plant purchases
2 hours ago


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LONDON (MarketWatch) -- Altana AG de:760080 AAA, +0.00% raised its 2005 earnings to an upper single-digit percentage rise on sales growth of around 9%, after posting nine-month profit rise of 14% to 332 million euros on a 6% sales rise to 2.36 billion euros. Altana will spend up to 1 billion euros in its pharmaceutical division on acquisitions, the purchase of products and the inlicensing of product candidates, but also said it's open to a strategic partner. "I do exclude a split or segmentation of the company. Neither do I accept an auction to sell off the company to the highest bidder," said CEO Nikolaus Schwickart.
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WideOpenWest (WOW) will be joining the gigabit club when it lights up those speeds in five U.S. markets by the end of 2016 – Huntsville and Auburn, Ala.; Evansville, Ind.; Knoxville, Tenn.; and Grosse Pointe Shores, Mich.
Those markets represent about 10% of WOW’s footprint, said Steven Cochran, WOW’s CEO, noting that the plan is to expand access to 1-Gig speeds to additional markets in 2017.
“We have a plan over the next couple of years to continue to increase speeds,” he said. WOW is also rolling out a new 600 Mbps service next week (more details on that further below).
WOW will announce pricing on the new 1-Gig service in those markets closer to launch (the MSO will be offering it as a standalone service and as a service bundle). WOW is using the “Gigtopia” brand for its new, speedier offering, and has launched a website where customers can register to be alerted when 1-Gig becomes available to them.
WOW will be using DOCSIS 3.1 technology to deliver 1 Gbps down by 50 Mbps up on its HFC networks in those initial markets. The operator’s primary network platform for D3.1 will be the Arris E6000 Converged Cable Access Platform (CCAP), and is currently evaluating modem vendors. Six modem vendors have achieved DOCSIS 3.1 certification – Arris (for a retail model), Askey, CastleNet, Netgear, Sagemcom, Technicolor and Ubee Interactive.
In Grosse Point Shores, WOW is expanding its footprint using GPON-based fiber-to-the-home (FTTH) technology, and will be offering symmetrical 1-Gig capabilities on that portion of its network. WOW said Grosse Point Shores represents its largest investing to date in FTTH.
Notably, WOW is not implementing usage-based pricing for broadband on any of its speed tiers, including the coming 1-Gig offerings.
“For the time being, we don’t see a lot of value in it,” Cochran said. “Somewhere down the road it may make sense, but, from where we stand right now, we've been able to have a pretty compelling offering to our customers without having to put that in.”
Cochran said WOW’s HFC plant in markets such as Evansville, Knoxville and Auburn were already built out to 860 MHz or 1 GHz, so they already had capacity required to accommodate a 1-Gig service. WOW’s launch of 1-Gig in Huntsville is more of a competitive response – there, AT&T is expanding its fiber-based GigaPower platform, and Google Fiber is preparing to offer gigabit broadband and TV services that will ride a new muni-owned network. Comcast also serves Huntsville.
WOW said it will be the first provider in Evansville and Auburn to bring 1-Gig to residential and small business customers.
Because most consumers don’t need 1-Gig yet, Cochran doesn’t expect it to generate a big take rate early on.
“To us, at least initially, it's a signal of the quality of offering we're able to provide…We're not going down a path of trying to force everyone into a gig if that's not what they need at this time,” he said, noting that home automation and other IP-based apps and services will continue to drive up speed requirements.
WOW also has plans to replace its current high-end DOCSIS 3.0-based 300 Mbps service with a 600 Mbps offering starting next Tuesday (August 16) across about 90% of its footprint. That will complement WOW’s existing tiers that deliver downstream speeds of 30 Mbps, 60 Mbps and 110 Mbps.
Cochran said 60 Mbps is currently the speed tier with the highest sell-in.
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Tata introduces five-year warranty on vehicle range across Nigeria
Tata International – Nigeria has introduced a warranty of five years on its medium, heavy and extra heavy commercial vehicle range.
This first-of-its-kind Pan Africa five-year warranty applies to the full range of Tata Trucks and Buses as well as Daewoo Trucks in all 12 markets in which Tata International Africa operates.
Chief Executive Officer, Tata International Africa, Len Brand, said the introduction of a five-year driveline warranty on the commercial vehicle range reinforces the company’s commitment to enhancing the customer ownership experience.
Brand said given Africa’s harsh and varied terrains, the new warranty goes a long way towards Tata International Africa’s pursuit of offering enhanced lifecycle benefits to its customers. So, whether a customer is in Nigeria, Kenya or South Africa, or any other country in which Total operates, they will have the same experience and benefits in terms of the warranty.
In his words: “We are customer obsessed and our Uptime strategy is bearing fruit. Four years ago, we identified the components that we knew were imperative to the growth of our business. The final dream was to be the most sought-after distributor for commercial vehicles in Africa. We have been building towards that, with excellent work on improving the parts and service side of our business.”
“We have worked equally hard on our network, expanding our footprint dramatically, especially in Nigeria, where we have over 30 touch points. We’ve also added new products, working with our OEM partners, to ensure that we are able to provide products for specific niches,” he said.
The five-year warranty is applicable to all Tata and Daewoo commercial vehicles first registered on or after January 1, and is supported across Tata International Africa’s extensive dealership and service network including over 450 touch point outlets and service facilities across the continent.
An added benefit according to the firm, is that if a customer needs to sell the vehicle, they will enjoy a higher resale value and the warranty is transferable to the next owner. A warranty of such magnitude gives the customer assurance that the product is robust, reliable and durable.
Tata International Africa has also been successful in rolling out retail financing arrangements in six African markets.
“We started this journey two years ago, and we’re thrilled to offer retail financing to our customers in so many African countries. Rest assured, six is not the end of this journey. We are planning to roll this out in all 12 countries in which we operate,” Brand added.
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Rural Report for Outback NT: Thursday, May 2, 2013
New arson investigators for the Territory
Heading into this years' northern fire season, there's an extra 15 arson investigators in the Northern Territory.
The extra personnel was announced yesterday, along with extra fire equipment for some local brigades in the Top End.
Matt Brann speaks to the NT Minister for Land Resource Management, Willem Westra van Holthe.
Suspicious behaviour can be reported to Crime Stoppers on 1800 333 000.
Alice herbs shortage sends customers to the nursery
There's such a shortage of fresh herbs in supermarkets around Alice Springs, that many residents are shopping at local nurseries instead.
Nursery-owner Geoff Miers says while many decide to plant their own herb gardens, others are buying potted herbs just to cook with.
"It goes in waves and obviously it reflected by the shortages in the supermarket.
"But I often have people come in and they'll buy five or six of something.
"Someone wants some basil to make pesto, or they're doing a particular dish and can't get herbs at the supermarket.
"That's a big part of our market, people just coming off the street all day, everyday buying fresh herbs.
"We'll restock our herbs three times before Sunday."


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Google Acquires SayNow and Adds it to Google Voice Team
Google has purchased a small company called SayNow for an undisclosed sum. According to SayNow's web site, it runs a platform allowing voicemails, one-to-one phone calls and conference calls to be integrated into social networks such as Facebook, Twitter and MySpace, as well as into iPhone and Android applications. SayNow said that Google will add its platform to Google Voice, though neither company announced any specific plans or products resulting from the acquisition.
Google Voice Gains New Lease On Life with Massive Overhaul
Google today introduced a wholly new version of Google Voice for Android, iOS, and the web. The calling, voicemail, and messaging platform has been overhauled from the ground up with a new design, new features, and a fresh commitment from Google to keep the service updated.
Google Assistant Can Now Find Your Phone, Call from Your Mobile Number
Google today said its Home-based Google Assistant product can easily find your Android or iOS smartphone. Home owners need only say, "OK Google, find my phone." The Assistant will ring Android phones, or send a call to iPhones, even when the phone is in silent mode.
Google's Voice Assistant Now Works with Some Chat Apps
Google today extended the voice capabilities of its Google Search app by allowing it to interact with third-party messaging apps. People can now issue commands such as "Ok Google, send a WhatsApp message" to initiate and dictate messages in a handful of popular messaging apps.
Google Brings Google Assistant to the iPhone
Google today announced Google Assistant for the iPhone. The app can respond to voice input and take action for a wide variety of tasks.
Google Calendar to Auto-Dial Conference Passcodes
Google Calendar for Android devices will soon help people dial-in to conference calls with fewer steps and less frustration. When users dial the conference call number through the Calendar app, the app will automatically add the conference passcode to connect to the right call.


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BUY2LETCARS.COM PAYS OUT FIRST INVESTORS (AND ITS CRITICS)
Buy2LetCars.com, a vehicle leasing model funded by people for people, has completed its first raft of funding cycles for 2015 - paying out its initial investors the promised 33% returns on their investment after three years. The scheme, which has faced fierce questioning into the business model, paid out all its investors who took the leap in 2012 when the fledging company was just starting out.
Now the company has amassed investors, contracts and accolades, including inclusion in the Barclays and BGF Entrepreneurs Index and the Mishcon CITY AM Leap 100 Index, identifying the company as one of the country’s fastest growing and exciting new businesses. A listing as taxi app firm Uber’s preferred supplier provides the company with a sound financial base, and also in 2015, the company’s leasing arm wheels4sure.com partnered with Toyota, Mercedes (dealer network) Fiat, Alfa Romeo and Jeep bringing its total supply manufacturers to eight.
Rumman Sohail, who works in the banking sector in Canary Wharf, was the very first investor in a car through Buy2LetCars.com. He invested money to grow his school fees fund for his children, and he received his final payment from Operations Director, Scott Martin. Mr Martin said “We would like to thank Rumman for believing in us and taking a chance on what was an unproven concept – we are incredibly grateful and proud to hand over his final payment. We have faced lots of commentary from observers in the past on the business model, however the results speak for themselves, as our happy investors will attest. Our funders are our biggest advocates.”
Also receiving his final payment was businessman, Nadeem Shokat, who invested in one car back in 2012. Mr Shokat, who provides high quality doors to residential properties, was so impressed with the service he received, he has since invested in more vehicles. Mr Shokat said “Every monthly payment has been on time, and to receive the first lump sum final payment has been most satisfying. I would recommend investing with Buy2LetCars.com to anyone – you make far money on something you know quite well – the car.”
Buy2LetCars.com has now leased near a 1000 cars nationwide through sister brand Wheels4sure.com, providing brand new cars to key workers and others with a proven regular income but who have struggled to access mainstream credit for a variety of reasons. The leasing arm constantly boasts a high client recommendation rating standing at 98%.
In 2015, the company moved it HQ to a 15 acre site in Godstone Surrey, and also secured a 1.5 acre distribution site that holds up to 250 cars, and now employs 25 people, including investors like Peter Goodwin, who was so impressed by the service and the concept, he asked to join Wheels4sure.com and deals with its corporate accounts.
For more information on Buy2LetCars.com visit www.buy2letcars.com and Scott Martin is available to answer questions on the business model and for interview.
For more information please contact Caroline Spence or Sarah Ross from Anicca on 0116 298 3726 or 07946 169482.


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WOBURN, Mass., August 17th, 2023 (GLOBE NEWSWIRE) -- Today, Bridgeline Digital, Inc. (NASDAQ: BLIN) a marketing software service provider, announced that a leading US printing and marketing company has renewed its enterprise-level agreement with Bridgeline's online franchise solution, TruPresence.
The printing powerhouse has expanded its enterprise contract to $94k over a 12-month period to continue to leverage the TruPresence platform to drive its online reach across its 300+ local business centers. The company has been in business for over 50 years and was one of the first US printers to expand its footprint internationally. With the help of the TruPresence platform, the business is able to target their business to local markets and provide tailored messaging, products and services at the franchisee level..
TruPresence helps franchises of all sizes scale their online presence and grow their businesses, leveraging a single solution to manage all their digital marketing and website content management across multiple locations with ease. SportClips, 7Eleven, and Triumph are just some of the major franchise brand names that partner with TruPresence.
"Our ongoing partnership with one of the largest national printing companies highlights their trust in TruPresence to drive their digital growth," said Ari Kahn, Bridgeline Digital's CEO.
About Bridgeline Digital
Bridgeline helps companies grow online revenue by increasing traffic, conversion rates, and average order value. To learn more, please visit www.bridgeline.com.
For more information, visit www.bridgeline.com.
SVP of Marketing


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BGF exits retail tech platform as Reconomy swoops
Telford-headquartered ReBOUND, the technology platform which supports retailers – such as ASOS, Gymshark, Missguided, JD Sports and Sweaty Betty – to manage their returns sustainably, has been sold to fellow Telford firm Reconomy.
The deal marks an exit for investor BGF, which backed ReBOUND in October 2018 to accelerate the company’s growth. In this period, annual sales increased by 130% and the returns management platform secured many of the UK’s most successful fashion brands as customers. The business has been ranked in Sunday Times Fast Track leagues three times with its first entry into the Tech Track 100 as the tenth fastest growing tech business in the UK in 2019.
ReBOUND’s technology, supply chain expertise and data-led approach allows brands to understand what’s being sent back to them, why, and what to do with inbound items. The company specialises in working with fashion brands to offset the environmental impact of packaging, shipping and processing returns, helping brands calculate the most carbon-efficient routes, eliminate wasted transport miles and recycle goods, wherever possible.
Graham Best, ReBOUND Founder & CEO, said: “We’d already experienced fast growth when we first met BGF, but we had big ambitions to accelerate this by working with more retailers to tackle the challenge of managing returns and help them recognise the value of their returns data. BGF brought the perfect combination of a long-term, investment approach and expertise of scaling up businesses like ours. The partnership has allowed us to position ReBOUND for our next phase of growth more quickly than we anticipated.”
Gurinder Sunner, head of BGF in the Midlands, said: “Graham, Phil and their team have done a brilliant job in establishing and growing ReBOUND while supporting the growth of the business’ own impressive customer list. The exit has delivered strong returns for all involved as the company has exceeded growth expectations. Sustainable returns have taken on more importance during the pandemic and continue to be a challenge for many businesses committed to high environmental standards. As the UK’s ecommerce sector continues to thrive, we look forward to seeing what the ReBOUND achieves in its next chapter.”
The deak marks BGF’s fifth exit in the Midlands in the past six months, generating significant returns for all shareholders. The deals included: BGF’s exit of Nottingham life sciences incubation business, BioCity last month, following exits from CHS Healthcare, Olive Communications and Chase Distillery, which was acquired by Diageo at the end of last year.
ReBOUND will continue to operate under its own name while collaborating closely across the Reconomy Group. ReBOUND joins the likes of Valpak, the UK’s largest packaging compliance scheme and data insight provider, and Munich-based Reverse Logistics Group (RLG), a firm also specialising in environmental compliance and after-market services internationally.
Paul Cox, Reconomy CEO, added: “Adding ReBOUND to the Reconomy Group is a very exciting development and we extend a warm welcome to the whole team. Their innovative approach, underpinned by great technology and a focus on providing an excellent user experience, makes for a perfect fit with Reconomy. ReBOUND’s expertise, combined with the Reconomy Group’s existing returns activity, will offer clear, unique benefits to our customers as we continue to build an unrivalled set of services to help drive the circular economy on the global stage.”
Clearwater International were the advisers to BGF and the shareholders of ReBOUND. The deal team consisted of managing partner Phil Burns, partner and international head of TMT Carl Houghton, director Richard Ellis, associate sirectors Finn O’Driscoll and Kirsten Handley and executive Carly Sinicrope.
Houghton said: “We’ve seen several pre-existing trends in tech accelerate to warp speed in the new world. A business like ReBOUND, which delivers market-leading ecommerce enablement in returns management was always going to attract a lot of interest and we’re delighted that it has found such a good home in Reconomy.”


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Our view: Hold
Share price: 702p (-1p)
The property group Shaftesbury is a proxy for investing in London's success. When the capital does well so does Shaftesbury. Hence, few were surprised to see a stellar set of annual results from the company yesterday. It unveiled a 30 per cent rise in the value of its assets to 590p a share, while the amount of income it derived from its portfolio grew 8.3 per cent to £47m.
Shaftesbury mainly rents space to bar and shop owners in the West End of London. It owns most of Chinatown, big chunks of Covent Garden's theatre district, and practically all of Carnaby Street. London is booming, thanks to the success of the City of London, which these days is a financial centre to rival New York. The capital is also doing well in attracting wealthy people from abroad, particularly from Russia and the Middle East.
Next year, Shaftesbury shareholders look set to receive an added boost as the group is tipped to convert into a low-tax real estate investment trust (REIT). REIT status means Shaftesbury will have to pay virtually no tax, allowing it to raise its dividend by up to 60 per cent. Also, it will make the company even more vulnerable to takeover by one of the big beasts of the property world or private equity.
Our view: Worth a punt
Share price: 72.5p (unch)
At first glance, yesterday's first-half results from Byotrol look dire. The technology group, which listed on AIM last year, registered a loss of £1m, and on sales of just £116,000. However, focusing on these figures would be a mistake, because key to this company is the potential for its lead product, also called Byotrol, which addresses a multibillion-pound market.
The group has developed a unique disinfectant which works in a fundamentally different way to anything presently on the market. Normal disinfectants merely poison bacteria. Byotrol works in an altogether more sophisticated way. It puts a microscopically thin coating over the area being targeted, thereby preventing bacteria from being able to attach themselves to the surface. This is fatal for bacteria, because if they are unable to attach themselves they are left weak and, importantly, unable to breed. A further part of the formula works to poison them.
Byotrol has four major advantages over traditional disinfectants. First, it is much more effective. A six-month trial of the product in Glasgow Royal Infirmary showed that a small fraction of the formula on high-contact areas such as door handles and bed rails reduces the presence of the deadly MRSA bacteria by up to 50 per cent. Second, because of the way it works, it is very difficult for bacteria to become resistant to it. Third, it uses tiny amounts of poison, meaning it does not have the negative impact on humans that traditional bleaches can have. Finally, the product can work for days and even months after being applied.
Alongside the MRSA superbug, Byotrol is effective against E. coli and listeria, making it perfect for use in hospitals. In fact, the great thing about using it in hospital wards is that it causes little disruption. It is relatively easy to kill MRSA by filling a ward with super-heated steam, but it is impossible to use any part of the ward while this is being done. Byotrol has no such problem.
Aside from its application in the healthcare sector, the product can be used in food processing and industrial sectors.
As yesterday's results show, the company is still in its infancy and therefore its shares are not for widows and orphans. Nevertheless, given the size of the market opportunity, they are worth a punt.
Our view: Sell
Share price: 172.5p (-5.25p)
Investors looking for a revitalising tonic in the tech hardware sector had better steer clear of Filtronic. The telecoms equipment manufacturer has steadily sold off its core businesses to focus on technology used to power mobile phones and electronic defence systems. News that Filtronic expects a flat performance from those businesses in the second half of its year due to subdued demand has piled pressure on the company.
Investors can take some comfort from Filtronic's large cash pile. After all the disposals, cash and the stake it owns in a US company called Powerwave Technologies account for almost three-quarters of its current market valuation.
Filtronic recently appointed a new chief executive, who has got the company's house in order. Yet the poor outlook has raised concerns over where he can steer the company. Competition from China is rapidly emerging, which is not a good sign, while RFMD, a key customer, looks to be bringing more of its work in-house. There is also the threat of silicon and gallium nitrate-based technologies emerging to pressure Filtronic's superior, but expensive, gallium arsenide-based technology. With so much uncertainty, Filtronic shares are best exited.Reuse content


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Textile company to sell anti-COVID-19 fabric
The garments of ViroSecure fabric of the textile company will provide self sanitisation by 99.99 per cent of the COVID-19 virus in 30 minutes, sources in the textile company said on Wednesday.
The RSWM Ltd, the flagship of LNJ Bhilwara Group, which owns Mayur Suiting in a statement claimed on Wednesday that the revolutionary viroblock technology is among the first textile technologies in the world to have a proven effect against the virus.It will be used to make uniforms for not only frontline health care workers, but also for school children, defence and police personnel as well as for general suiting and shirting purposes, the statement said.
There is a significant uptake in the demand for the anti-viral fabric technology and with this we are targeting 20 per cent of the sales from the ViroSecure fabric in this fiscal,, Mayur Suiting and LNJ Denim CEO and business head, Suketu Shah said.The 20 per cent sale would translate into Rs 550 crore to Rs 600 crore additional revenue for the company.
Tests conducted by the Swiss textile innovator in association with the Peter Doherty Institute for Infection and Immunity in Melbourne, Australia, has shown that the fabric demonstrated a rapid antiviral action against the severe acute respiratory syndrome coronavirus-2 (SARS CoV-2) strain, which causes COVID-19, company sources said. BSM KK KK KK
(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)
- Former PM Manmohan Singh admitted in AIIMS after testing covid positive
- If you are 18 years or older, you can get a COVID-19 vaccine from May 1
- India is promoting a new internet protocol— the government is offering help for websites to migrate
- SaaS unicorn Druva, which manages data for NASA, Pfizer, and GameStop, raises $147 million; valuation crosses $2 billion
- Allahabad High Court orders complete lockdown in UP's Lucknow, Prayagraj, Kanpur, Varanasi and Gorakhpur districts till April 26


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News sources have confirmed that the deader even purchased 50 wool blankets for Rockaway residents who are still without electricity. Last week, a Nor’easter caused even more damage in the Rockaway Peninsula.
"Yes, I made a little extra money for myself those two days," he told reporters. "But [my clients] are getting something they'd already get anyway. I was going to work regardless, and now I felt like I was doing it with purpose … I'm not doing what I do in order to get rich or create some super marijuana empire. I'm trying to help, and this is my job."
The “Mary Jane” pusher said he has also been contributing to the cause by delivering supplies to relief centers such as the Lava Girl Surf and Rockaway Beach Club.
According to the Lava Girl Surf’s website, over 1,000 volunteers have cleaned out homes and brought goods to those in need.
Is this drug dealer wrong? Post your comments below.


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Boxes, coupons plentiful for digital TV switch
If you’re still not ready for the conversion to digital television, there’s good news: You have more time, discount coupons for converter boxes remain available, and the boxes are still relatively easy to find.
The coupons, issued by the federal National Telecommunications and Information Administration, are flowing again, thanks to an act approved by President Barack Obama last month. That not only extended the changeover date from Feb. 17 to June 12, but it gave the NTIA the additional funding it needed to start issuing coupons for discounted converter boxes.
Such a box will be necessary, starting on the new changeover date, for anyone who has an older television that isn’t hooked up to cable or a satellite dish. Once television stations switch to all-digital broadcasts, a move intended to free up analog wavelengths for emergency services, older televisions that receive over-the-air broadcasts won’t get anything but static without a converter box.
The boxes are available at many electronics retailers and department stores, and they seem to be in good supply in the area. An informal survey in the Center Township commercial district showed that the boxes, which sell for between $40 and $80, are available or will be restocked soon. Just one store, the Beaver Valley Mall Boscov’s, said it did not expect to receive more.
Officials at the NTIA said they built quite a waiting list between Jan. 4, when it stopped issuing coupons, and Feb. 11, when the program was funded again. More than 3.4 million coupon requests have been fulfilled since then, but more than 4.1 million are still waiting to be distributed among 2.3 million households.
“NTIA expects to eliminate the current waiting list within the next two to three weeks,” acting NTIA Administrator Anna Gomez said in a statement. “I encourage all consumers to redeem their coupons immediately so that they can enjoy clearer pictures and more programming choices from digital television.”
Redeeming the coupons quickly is important, because they come with an expiration date. As of January, about half of the coupons issued were allowed to expire by consumers. Prior to the act that changed the conversion date, they could not be replaced.
Gomez said the act allows the NTIA to begin replacing expired coupons; the agency will soon announce plans to do so.
• A quick survey of stores in Center Township showed that the digital converter boxes, necessary to receive over-the-air television after the June 12 conversion date, are not hard to find. As of Tuesday afternoon:
Best Buy: In stock.
Radio Shack: In stock.
Sears: Not in stock; more expected this week.
Wal-Mart: Not in stock; more expected this week.
Target: Not in stock; more expected this week.
Boscov’s: Not in stock; none expected.
Michael Pound can be reached online at firstname.lastname@example.org.


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A REVIEW of labelling of halal meat will be conducted if the industry fails to deliver more transparency within the next few months, Downing Street has said.
Much of the meat sold in British supermarkets and served in restaurants comes from animals slaughtered according to Muslim custom, but in many cases it is not labelled halal.
Ukip leader Nigel Farage has said labels should carry details of the method of slaughter, and said the UK would have to break with EU rules to ensure this is done.
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But the Prime Minister has said the issue is a matter between retailers and restaurants and their customers.
Mr Cameron said: "Do we need a national labelling scheme? I would rather hope not. I would rather hope it could be dealt with by the restaurants and businesses.
"We should start from the approach that the greater the transparency the better, and I hope we can achieve that transparency without necessarily having a full-on national labelling scheme."


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With several new content initiatives, Cartoon Network Enterprises is poised to offer a broader portfolio and more opportunitites in licensing and events.
Kidz Bop has announced the “Best Time Ever” tour, which will kick off in April and hit more than 50 cities.
Kellogg’s will transform its New York City restaurant into a limited edition Pop-Tarts Café until Sunday, Feb. 26.
Model and fashion designer Mimi Wade has launched a new apparel collection featuring the Pink Panther at London Fashion Week.
Movie Park Germany, in collaboration with licensor CBS Consumer Products, has developed a “Star Trek”-themed roller coaster and a Federation Plaza area.
DHX Brands has appointed nine new licensees to develop products based on the children’s television series “Teletubbies.”
A+E Networks has teamed with Mills Entertainment to bring the Lifetime series “Bring It!” back to the stage this summer.
In celebration of The LEGO Batman Movie, Legoland Parks and Legoland Discovery Centers across the globe have unveiled a new exclusive event taking place on select dates this year.
Global arts festival Pow! Wow! has appointed ’47, a sports lifestyle brand, to serve as the exclusive headwear provider for its festivals.
The Walt Disney Company has revealed that Pandora–The World of Avatar will open at Disney’s Animal Kingdom on May 27.
Universal Brand Development has partnered with Brand Events to debut a new global live-arena tour, called “Fast & Furious Live.”
Entertainment One has partnered with Cancer Research U.K. Kids & Teens for a fundraising campaign featuring its animated TV series, “Ben & Holly’s Little Kingdom.”
Twentieth Century Fox Consumer Products will celebrate the Alien movie franchise with new products and a 24-hour, fan-focused social media event, April 26.
Disney has unveiled a lineup of new attractions and experiences that will debut across all four Walt Disney World theme parks, among others, this summer.
Nickelodeon has partnered with Chiquita, a distributor of bananas and other produce, to bring Nickelodeon’s Worldwide Day of Play to seven countries across Europe.
Licensing Expo has announced that tickets for its Opening Night Party at The Havana Room and Sky Beach Club at the Tropicana Las Vegas are now available.
AEG has appointed New Era as the founding partner and exclusive headwear provider to L.A. Live, an entertainment complex in Los Angeles, Calif.
Warner Bros. Consumer Products U.K. has tapped Life Like Touring to bring Scooby-Doo to London in an all-new live show.
The Moomin brand will open a new café chain for children, titled Mumin Kaffe, to complement its current lineup of more than 20 branded cafés and shops.
The Eric Carle Studio has expanded its partnership with JWR Productions to bring “The Very Hungry Caterpillar Show” to U.K. audiences in a deal brokered by The Joester Loria Group.
Cartoon Network will host a “Powerpuff Girls” pop-up shop in New York City this weekend in celebration of its updated Powerpuff Yourself fan engagement campaign.
©2017 UBM. All rights reserved. A UBM Company.


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German bankers and car makers fear they will lose their jobs if no Brexit deal is agreed in time for UK's departure from the EU, which will take place on March 29 2019. A quarter of German companies surveyed expressed concerns staff numbers will be reduced to combat a chaotic Brexit, according to a joint survey by the Federal Association of German Industry (BDI) and consulting firm Deloitte. The UK is Germany's biggest export market for car manufacturers, and there are fears a no-deal Brexit could severely threaten its export-reliant economy. Germany sold 770,000 vehicles to the UK in 2017, with the industry having the third highest car production in the world and fourth highest total motor vehicle production.
BDI Chief Executive Joachim Lang said: "Negative effects will certainly occur. They cannot be prevented even with the best preparation."
The poll showed that 36 percent of companies predict a no-deal Brexit, while a quarter expect the UK to leave the EU with an agreement.
A further 25 percent foresee an extension of Article 50 to delay Brexit.
Nearly half of the companies predict a no-deal Brexit would have a "high" or "very high" negative impact on their business.
German companies fear a no-deal Brexit could lead to massive job cuts
Businesses in Bavaria have born the brunt of Brexit uncertainty, as trade between the two countries continues to decline at a staggering rate.
Bavaria exported £10.9 billion (€12.8 billion) worth of products to the UK in 2015 before the Brexit vote, but this reduced drastically to £13.2 billion (€15.4 billion) in 2018, according to figures from the Association of the Bavarian Economy (vbw).
Vbw CEO Bertram Brossardt said: "The impending Brexit is already a visible burden on Bavarian exports."
In 2015, the UK was Bavarian's largest export market - but now has sunk to fifth place as trade continues to drop.
The exports include mainly cars, electronic devices and pharmaceutical products.
Imports have also faced significant impact since the Brexit referendum, with a 7.5 percent drop since 2017.
Mr Brossardt added: "It's also an indication that, for fear of unpredictable Brexit effects, supply relationships are already being changed to lower UK dependency.”
Guy Verhofstadt, the European Parliament’s chief negotiator for Brexit, warned "emergency measures" must be taken to limit chaos over a no-deal Brexit.
He said on Thursday: “A no-deal would certainly be a bad thing for all - for Europe and the UK. It would mean confusion in several ways.
“In addition, we must take the so-called 'emergency measures' to limit the disruption caused by a no-deal Brexit.”
Additional reporting by Monika Pallenberg.


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Last week marketing agencies in Shanghai and Toronto announced with breathless enthusiasm that everybody who wants to sell something should jump into social media immediately.
On 14 July, OgilvyOne released a study on social media in China saying that “social media users are no longer discriminating between ‘brands’ and ‘friends.’ They are simply identifying a third group that they can engage with – ‘frands.’”
On the same day, Espresso, a digital agency based in Toronto, distributed its third evaluation of the state of social media. The summary, in two words: BLAZING HOT. David Armano, a digital strategist at Edelman, provided this quote to Espresso: “Social media is the crack cocaine of the Internet. We want it, we need it, and we go into withdrawal when we don’t get enough of it.”
Social media may well be the new crack cocaine of marketers. But the foaming-at-the-mouth tone of these reports doesn’t convince me that consumers in China, the United States, Canada, or anywhere else are stupid enough to think brands that want to sell stuff to them are actually their friends. I am also skeptical of the presumption that if companies are clever enough about insinuating themselves into social media, they will succeed at levels beyond their wildest expectations.
I’m a 20-something graduate student in communication in New York, media capital of the Western world. I grew up with social media in China, enjoy it as much as anyone else, believe it is a powerful tool, and have a vested interest in knowing its impact on behavior. But as a consumer, I know when I am being treated like a mark.
OgilvyOne, for example, states that Chinese “social media users are going online to experience a relaxing, social place full of information about products and brands that can be shared with friends. It’s about feeding a fascination for consumerism and it’s about being able to influence others with what you know.”
The majority of Chinese people probably have no idea as to what “social media” means. This doesn’t prevent them from being major players in the social media landscape in China and worldwide. Millions of Google users in China cannot spell the word “google,” according to Kai-Fu Lee, the founding president of Google China. But Google services are still important to them.
Instead of claiming that social media is a relaxing place to talk about brands, I would say social media is a place where potential consumers go for peer comments before making purchases. Social media is a buzzword now, but it is not a magic wand for generating gigantic amounts of profit. Companies might choose to become facilitators for conversations and discussions online, rather than believing they can manipulate the behavior of online influencers. Social media ushers in a new age for marketing methods and research, but it’s not going to replace the basic psychology of consumer behavior.
OgilvyOne makes sense in identifying some passionate brand chasers as “frands.” But it is awfully soon to declare, and rather disrespectful of human beings, to say they no longer know the difference between brands and friends.
Social media might be a relaxing place. But is it really true that people have nothing interesting to talk about but brands? I doubt that.
Wang, a graduate student in communication at Columbia University, is from Maanshan, China.
Above, an illustration from OgilvyOne’s July 2010 report on social media in China.


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State-owned Shipping Corporation of India will seek a rate increase on the westbound trades from India to Europe, as part of what it called a rate restoration program.
Effective March 1, the planned increase will be $250 per 20-foot equivalent unit.
The rate increase applies to all cargo moving from India to North Europe, the United Kingdom, the Mediterranean and Black Sea ports.
The national carrier earlier implemented a similar rate hike on the same route, as of Feb. 4.
Separately, SCI will also boost its “line security surcharge” imposed earlier on all cargo moving to and from India, citing increased cargo security-related costs at various ports. Effective March 1, the fee will be $10 per container compared with $7 at present.
In other news, United Arab Shipping will increase rates for shipments from Asia to East Mediterranean destinations, starting March 1.
The increase will be $250 per TEU for both dry and reefer cargo.


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A ‘significant bid’ for troubled retailer Allsports has delayed plans to
close stores and make redundancies, according to administrators BDO Stoy
BDO partner Dermot Power said that the closure program has been ‘deferred’
due to the possible bid to run large parts of the business as a going concern.
But he warned that store redundancies and head office cost cutting could
still take place ‘as early as next week’.
BDO also confirmed that customers holding store vouchers or ‘top-up’ payment
cards are treated as unsecured creditors. But voucher and card holders should
hold onto them, as BDO was attempting to have both honoured by any potential new
owner of the business.
Allsports has 260 stores across Britain and employs over 1,700 people.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies


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Analyst firm Frost & Sullivan presented 17 awards to the best and brightest in the Australian Information & Communications Technology (ICT) industry at its 2007 Best Practices Awards on Friday, November 16, 2007.
The event showcased some of the biggest names in Australia's ICT landscape at a gala event held at the Hilton in Sydney.
This year's awards focused on three sectors: digital media advertising, unified communications and enterprise outsourcing.
Each of these sectors has a dedicated local researching analyst who produces a series of in-depth reports during the year which are used as the basis for judging the awards.
Moreover, each sector recognized recipients in a market leadership category as well as customer leadership.
Mark Dougan, managing director for Frost & Sullivan Australia, said market leadership is based on who leads the market in terms of market share and growth over the past year.
Dougan said customer leadership is based on the views of customers and end users on the levels of satisfaction they have with various suppliers.
Supported by Aspect Software, Salesforce.com and Viocorp, Computerworld was the official media sponsor for the event.
It is the second year of the awards which recognises outstanding performance by companies in the Australian ICT industry.
Steve Russell, Asia Pacific president of Salesforce.com, said more than ever Australian businesses are embracing new and innovative technology models to drive agility and sustained competitive advantage.
"These awards play an important role in recognising the convergence between business success and technology requirements," he added.
"Of course these are all highly competitive markets, and many high quality vendors or suppliers compete neck and neck. Receiving a Frost & Sullivan award is therefore a tremendous recognition of success both in the marketplace, and in the minds of customers."
Award recipients in the digital media category included carsales.com.au, Seek Ltd, Tempest Media, ninemsn and Google Australia.
Microsoft dominated the unified communications category winning three awards while Cisco Systems was recognized for market leadership.
Winners in the enterprise outsourcing category were EDS and IBM.
Integrator of the year went to Dimension Data while Salmat won BPO service provider of the year.


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Robinhood announced on Tuesday that it bought Cove Markets, a cross-exchange trading platform. The deal will serve to pad out Robinhood’s core crypto trading product and make it easier for people to manage their accounts.
Cove co-founders Scott Knudsen and Victor Glava and the markets team will join the Robinhood crypto team.
Robinhood said in a release announcing the deal that the pair “share a common goal in making investing in cryptocurrencies simpler and lower cost”.
Cove, which was founded three years ago, lets customers manage accounts across multiple exchange platforms as well as aggregating reams of data. It is set to give Robinhood’s crypto product a more sophisticated edge.
“Scott, Victor and the Cove Markets team will bolster our crypto trading platform and help us strengthen our leadership in the crypto industry,” said Christine Brown, chief operating officer of Robinhood Crypto. “Their wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits of better competition in the crypto markets to our customers.”
The acquisition is the first for Robinhood’s crypto arm and follows its $140 million cash buyout of Say Technologies, its first major purchase since its IPO in July.
Earlier this week it also said it is preparing to rollout a crypto wallet, integrating analytics tools from leading crypto intelligence firm Chainalysis.
Currently, Robinhood offers users exposure to the price movements of various cryptocurrencies on its brokerage app, which also offers more traditional stock trading. However, users cannot withdraw or deposit crypto off-platform.
In September, Robinhood announced plans to change this and allow users to move tokens as they would be able to on a crypto exchange like Coinbase or Kraken. That is primarily a regulatory challenge, as the expectations for such a widely used platform to protect against money laundering are quite high.
Since Robinhood went public its stock price has taken a hammering. On Tuesday it was trading at around $18.50, down from all time highs near $70.
Read full story on The Block


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Not So Fast: The Pot Law Overhaul Just Stalled
From the moment the bill that would rewrite Massachusetts’ new marijuana law—which would jack up taxes on the drug and give town boards broad authority to ban pot businesses—was revealed, it was panned by critics who said it would undermine voters and allow the black market to flourish.
And now, after criticism from pot activists and key lawmakers alike, the effort to get the bill passed has stalled. Speaker Bob DeLeo said Wednesday evening that a planned House vote on the bill has been called off.
“There are certain things that we have to clear up and so because of that I think it’s important that with a bill of this magnitude that we try to get it right or as close to right the first time,” DeLeo told reporters, according to the State House News Service, “and so I’d rather do that than rush it or try to rush it through tomorrow.”
Generally speaking, though, DeLeo said he “thought it was a good bill.”
Part of the issue is the way marijuana would be taxed. The bill calls for pot sold in stores to be taxed at a rate of 28 percent, which is more than double the maximum 12 percent tax the current law allows. But there’s a problem: The law as written would require that the drug be taxed not only at pot shops, but when retailers buy cannabis from growers. That means by the time someone purchases it at a retail store, they could be paying a tax rate of 55 percent or more.
But in the meantime, as noted by Jim Borghesani, the former spokesman for the Yes on 4 ballot campaign, there is now time to go back and make changes to the overhaul of a law passed by 1.8 million voters. It will also be open to amendments when it comes up for debate. “If we see a better bill come out because of this action from the speaker, we’ll be happy,” Borghesani says.
Among critics of the bill is Sen. Patricia Jehlen, who is Senate chair of the Marijuana Policy Committee. She says it “directly assaults the will of the voters and is a prescription for increasing the illicit market” and that she’d prefer Beacon Hill left the law alone over adopting the House’s version as it stands. The Senate hasn’t produced a bill of its own yet.
Lawmakers say they want to get a marijuana law overhaul passed by the end of the month.


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Take 5 Expands in Midwest, West
July 29, 2020—Take 5 Oil Change has a plan to open up more than 80 new stores in the Midwest and West.
According to a press release, 16 new franchise store locations have opened thus far this year in the South and Midwest. Additional new locations are planned for St. Louis, Chicago, Denver, Salt Lake City, and St. George, Utah.
More than a dozen stores are headed for Salt Lake City under the ownership of Mitch Vande Gutche, and will be Take 5's first entry into the state of Utah.


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(Pocket-lint) - Last year, the US Copyright Royalty Board (CRB) mandated that music streaming services like Spotify, Apple Music, Pandora and more would need to payout higher royalties to musicians. This new ruling meant that the major streaming services would need to pay as much as 44 per cent more in royalty fees.
Earlier this year, Google, Amazon and Spotify set out to appeal the ruling stating that the decision would harm "both music licensees and copyright owners".
Spotify, as one of the most popular streaming services, has seemingly been hit hardest by this ruling. This is partly down to how the company offers discounts for students and families, as well as access to free streaming supported by ads.
Family streaming, in particular, complicates things as up to six family members can access Spotify for just $14.99 a month. This agreement then means family plans can be treated as 1.5 subscribers per month and students are counted as 0.5 subscribers per month. It's on that basis that Spotify claims it has been overpaying songwriters and publishers.
Spotify has been speaking to Engadget about it, saying that:
"According to the new CRB regulations, we overpaid most publishers in 2018. While the appeal of the CRB decision is pending, the rates set by the CRB are current law, and we will abide by them -- not only for 2018, but also for future years in which the amount paid to publishers is set to increase significantly..."
The company is now set to recoup some of that overpayment throughout the rest of 2019. It says it wishes to minimise the impact on publishing companies but needs to account for this negative balance which is being seen as advance to musicians and publishers currently.
This new announcement by the company is likely to ruffle a few feathers with publishers.
In 2014, Time estimated artists on the service were only being paid $0.006 to $0.0084 per stream. There's often a lot of discussion around how much artists get paid from the service and this news is likely to just add fuel the fire.
This news also comes after the recent announcement that Spotify now has over 100 million users paying for premium. What do you think? Is this fair?


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With the 500D in pieces, it's time to rebuild it - Alex style.
16 cores, the fastest boost speed... high-end desktop performance on Socket AM4? Let's see if the Ryzen 9 3950X was worth waiting for.
‘Ray Tracing for Everyone.’
A-Data has launched its latest SSD range, featuring a Marvell-based SATA 6Gb/sec controller.
An internal Indilinx SSD with a USB 3 port: external storage has never been so fast!
A-Data chief executive Simon Chen has predicted that global demand for DRAM will exceed supply throughout 2010, but hopes that prices won't rise too sharply as a result.
November 15 2019 | 13:00
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text:
BBC Tech News
Rory visits a beekeeper in Manchester who is gluing wireless chips to his bees.
The new Apple's iOS has Persian keyboard. BBC Persian's Sam Farzaneh discusses why it is a
Ride-hailing app Uber is "not fit and proper" to operate in London, the transport regulato
A fitness app promising cash rewards for eating well pays up over accusations that it broke promises


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Elys Game Technology Drops Canada Stock Listing
Posted on: January 1, 2022, 03:37h.
Last updated on: January 2, 2022, 10:49h.
Elys Game Technology (NASDAQ:ELYS), a gaming technology provider, delisted its Canada-traded shares.
The decision comes nearly a year to the day that the sports betting and interactive gaming technology company announced a listing on Canada’s NEO Exchange. That exchange, which drives about 13 percent of annual trading volume in Canada, is home to over 100 stocks and funds.
The company has voluntarily delisted from the NEO at the close of trading on Wednesday, December 29, 2021, and its shares of common stock will continue to be listed and trade on Nasdaq under the symbol ELYS,” according to a statement issued by Elys.
With a market capitalization of just $71.42 million, Elys is one of the smaller publicly trading companies with sports wagering exposure.
Rough Year for Elys Stock
Like so many sports wagering equities, Elys Game Technology languished through a rough 2021, with the shares shedding 48.64 percent.
Elys starts 2022 after sliding 11.4 percent in the final week of last year, and 63.41 percent below its 52-week high. However, there might be some rays of hope for the downtrodden gaming stock to start the new year.
Last year, the company won a license to run retail sportsbooks in Washington, DC. The Elys permit in Washington, DC may be the result of the company’s acquisition of Bookmakers Company US, which was announced in early July. At that time, it was revealed the company, known as US Bookmaking (USB), has a service agreement in Washington, DC that goes into effect later this year.
Last month, the company said month-over-month bet tickets increased 200 percent in November at its Washington, DC operation. Revenue jumped to $67,000 from $43,000 in October.
In late December, Elys announced a new partnership with Playtech, leveraging its Newgioco brand to grow its presence in the Italian iGaming market. That’s relevant because Italy is the Eurozone’s third-largest economy and home to a mature, vibrant gaming market.
“With the Playtech collection of gaming content, Elys’ online and mobile casino now includes 31 providers that offer customers in Italy up to 1,300 slots, as well as 100 tables and live dealer games. This gaming content is provided through Newgioco,” according to a statement.
Thanks to the aforementioned USB acquisition, Elys has exposure to four US states. The company said it plans “to establish a significant presence” in Canada and the US in the coming months.
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