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Indian financial services platform Paytm, which was briefly removed from Google Play Store for alleged policy violations earlier this month, said Monday it has brought back the Paytm Cricket League with UPI cashback and scratch cards.
“We are excited to bring Paytm Cricket League back on our app to reward users with UPI cashback on reaching various milestones, accomplished by collecting player stickers,” a Paytm spokesperson said in a statement.
Earlier, Paytm in a blog post stated that Google mandated it to remove the UPI cashback and scratch cards campaign to get re-listed on the Android Play Store even though offering both is legal in India.
Paytm said that the cashback was being given following all rules and regulations set by the government.
The company alleged that it was “arm-twisted” by the Web giant to comply with what Paytm called “biased Play Store policies that are meant to artificially create Google’s market dominance.”
Later, the Paytm app was restored on the Play Store after a gap of a few hours.
“We maintain that our promotional campaign was within guidelines and there was no violation,” the Paytm spokesperson said. “We believe that such arbitrary actions and accusatory labelling go against the laws of our country and acceptable norms of fair competition by arbitrarily depriving our users of innovative services.”
Now, users can collect stickers of their favorite cricket stars as they pay digitally for their mobile bills, recharges, buying groceries or money transfers, Paytm said.
Once they complete a set, they can redeem it for cashback up to Rs 1,000, it added.
Every sticker collected by the user is automatically added to the cricket album. There are three different milestones to be achieved for getting cashback — 11 unique cricket players, 11 unique bowlers or 11 unique batsmen.
Whenever a milestone is achieved, the users get a scratch card with an assured cashback.


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Brazilian online retailer B2W Cia Global do Varejo fell 1.6mn reais (US$1mn) into the red in Q1, compared with a net profit of 14mn reais in the same quarter a year ago, according to financial results released by the company.
The company posted consolidated revenues of 1.03bn reais for 1Q11, rising 13% compared with 913mn reais in 1Q10. However, increases in other items such as depreciation and amortization, net financial losses and other non-operating losses dragged down the bottom line.
Ebitda in Q1 rose 11% year-on-year to 115mn reais, while the Ebitda margin increased 1.7 percentage points to 15.6% in the period.
The company said its priorities for the next quarter include increasing sales, developing and expanding the Blockbuster brand over internet, boosting the number of active customers and fostering new internet businesses.
B2W's portfolio comprises the brands Americanas.com, Submarino, Shoptime, B2W Viagens, Ingresso.com, Submarino Finance and Blockbuster Online, offering more than 35 categories of products and services through the internet, telesales, catalogs, TV and kiosks.
In March, the B2W board approved a private share issue worth 1bn reais.

domain: news


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Global FMCG retail is pegged at $4 trillion today, growing at a rate of just 4%, with signs of continuing sluggish performance in developed markets. On the other hand, total retail e-commerce is predicted to grow by 20% (combined annual growth rate) to become a $4 trillion market by 2020.
As the e-commerce channel expands, the future success of brands will be significantly affected by how successful they are online. As increasingly time poor consumers seek convenience and on-the-go purchases, online sales of FMCG will gain more importance.
More and more consumers in Canada are becoming mobile payers, using their smartphone and tablet instead of a physical plastic card to make purchases or collect reward points. But are they using mobile wallets to do so?
Smartphones are no longer just for keeping in touch and playing games. Today, consumers also use the technology at their fingertips to research, run price checks and read reviews for a growing array of products they use in their daily lives.
In the emerging age of tap and go, mobile payments offer the promise of greater convenience and security for consumers, as well as entirely new ways for consumers and brands to engage with one another. What are the opportunities for consumers and brands from the connection of payments to a range of other digital activities on their phones? Louise Keely offers key insights.
Integrated multi-screen campaigns are changing the way the industry thinks about advertising and measurement in Canada. The shift in strategy underscores the changing needs of consumers and their ever-evolving media consumption habits.
There’s no denying the impact that digital connectivity is having on our daily routines. It’s changed how we watch video, keep tabs on our health—even the way we connect with our favorite World Cup players. And more recently, digital is starting to transform how consumers pony up cash for their everyday purchases.
Marketing mix modeling has never been more valuable to chief marketing officers—and the need for effective modeling has never been greater—than today. There is no silver bullet for modeling online and offline data, however, which means CMOs need a solution that helps them see both pictures of the world they work in.
With more people watching and buying online than ever before, advertisers are diving head first into digital to reach their audiences. Online advertising expenditures increased more than 25 percent (26.6%) year-over-year as of the second quarter of 2013 and exceeds several traditional media categories. But are these investments worth their price?
There’s no doubt that online advertising has seen tremendous growth in recent years, but advertisers and publishers alike are still unsure if their campaigns are successfully reaching their desired audiences.
Twitter has become a popular destination where fans can talk about their favorite TV shows in real-time. But do tweets drive consumers to tune-in to a program, or are viewers just chatting about shows they’re already watching?
Established as a bastion of direct response advertising and long considered the home for niche audiences, online has lagged behind other media, namely TV, as a channel for broadly messaged, brand advertising. The emergence of far-reaching publishers like Facebook, however, means that marketers now have another option for reaching consumers en masse.
With the myriad ways for consumer to discover music—from hearing an infectious tune in a car ad to reading about a new band on a buddy’s blog—Nielsen found that consumers in Canada still rely on an old standby.
If April showers bring May flowers, then millions of Americans must have been busy with home improvement projects this spring, as more than 1 in 3 Americans used the Web to visit home and garden websites in May.


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A Reuters report highlights that Apple factories in China have reopened after months of lockdown due to coronavirus. However, many...
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NEW DELHI– The coronavirus pandemic has left lots of in India stuck at residence throughout a collection of partial 카지노 커뮤니티 and total lockdowns, as well as such seclusion, integrated with several of the globe’s least high net prices, has made it both appealing and also very easy to bet online. He’s best. Web gambling takes a bit even more than getting or “loaning” a bank card. The procedure of brand-new kinds of gambling games not consisted of in the listing over can be accredited by the Gambling Payment, which will certainly specify the appropriate guidelines and guidelines. Regulations for the fixed-odds sporting activities wagering, fixed-odds or shared equine auto racing wagering, as well as gambling games, are specified by the policy accepted by the Gambling Compensation. Yet possibilities to wager– and also shed– large amounts while investing just around $20 a year for 24 gigabytes of net gain access to have brought telephone calls for tighter law.


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SAN FRANCISCO--(BUSINESS WIRE)--More than 1.25 million children in the United States fell victim to identity theft and fraud in the past year, costing the average affected family more than $1,100, according to the 2021 Child Identity Fraud Study, released today by Javelin Strategy & Research, part of the Escalent family. The topic has taken on new and concerning relevance amid the accelerating use of social media, remote learning, and digital purchasing. The report reveals that over 70% of child identity theft and fraud victims know their perpetrators, and over half of all cases involve children ages 9 and younger.
This complimentary report, sponsored by the AARP Fraud Watch Network, ID Watchdog from Equifax, and Iris Global Identity & Cyber Protection, powered by Generali, delves into child ID theft and fraud in the United States and showcases the behaviors and characteristics that put children at the greatest risk. The report also equips consumers with resources and advice to help identify child ID fraud, resolve it, and prevent it from happening in the future.
“Javelin has been analyzing identity theft and fraud trends for nearly two decades, making us uniquely qualified to shed light on its growing impact on children,” said Jacob Jegher, President of Javelin Strategy & Research. “We are therefore providing a complimentary resource of insights and guidance to families as they navigate the perils of social media and the digital world.”
Social Media and Messaging Apps Pose Hefty Risks
“One of the most eye-opening findings from our research was just how much risk children are exposed to when they are not supervised online. Add to that nearly 90% of the households with internet access say they have children on social media, and the picture our findings paint quickly becomes dark, grim, and scary,” said Tracy Kitten, Director of Fraud & Security at Javelin Strategy & Research. “Predators and cybercriminals lurk in the wings of all social media platforms, waiting for the moment to prey on overly trusting minors who may not fully understand safe online behavior.”
Children who use Twitch (31%), Twitter (30%) and Facebook (25%) were most likely to experience the exposure of their personal information in a breach. Javelin also notes that unknown risks exist on relatively new platforms, such as TikTok, requiring parents and guardians to keep up with these rapidly evolving spaces.
Recommendations for families to help reduce the risks of child identity fraud:
- Keep personal information private, online and on paper.
- Don’t share your children’s information on social media.
- Set positive online examples for your children by practicing safe online behaviors yourself.
- Limit and monitor the use of social media and messaging platforms.
- Monitor your child’s online activity, particularly as it relates to potential cyberbullying.
- Platforms that allow users to direct/private message (DM), friend, or follow other users via public search pose the greatest concern.
- Keep a watchful eye on your child’s credit and consider freezing it.
- Enroll in an identity protection service.
About Javelin Strategy & Research
Javelin Strategy & Research, part of the Escalent family, helps its clients make informed decisions in a digital financial world. It provides strategic insights to financial institutions, including banks, credit unions, brokerages and insurers, as well as payments companies, technology providers, fintechs, and government agencies. Javelin’s independent insights result from a rigorous research process that assesses consumers, businesses, providers, and the transactions ecosystem. It conducts in-depth primary research studies to pinpoint dynamic risks and opportunities in digital banking, payments, fraud & security, lending, and wealth management. For more information, visit javelinstrategy.com. Follow us on Twitter and LinkedIn.


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19 of the 24 schools in the city that use halal meat are affected.
"We understand that since March 1st this year, the product supplier, Paragon Quality Foods Limited, has only been releasing product to customers after obtaining negative DNA results for pork.
However, as a precautionary measure we have removed all of the burgers we had in stock from this supplier whilst further investigation is carried out, and we will not be purchasing any further products from this supplier.We have made it clear to our suppliers that this is totally unacceptable, and we are taking urgent legal advice about the next steps.”
More top news
Heidi Luckraft if fighting Lyme Disease after being bitten by a tick while walking her dog in a park.
Leicester City will take on FC Porto in UEFA Champions League at Estádio do Dragão later.
Telford and Wrekin Council will meet later today to discuss taking legal action against plans to close the Princess Royal's A&E Department.


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Domino’s Pizza, globally, has opened its 14,000th store in Cyberjaya, Malaysia.This is the 200th store in Malaysia.
However, the company is not stopping there. In a statement to A+M, a Domino’s spokesperson said it plans to expand to 300 outlets in Malaysia by 2020. Moving forward, the company plans to adopt an e-commerce, technology-centric approach to reach out to larger number of consumers. The spokesperson from the company added that it has been a challenge for the company to stay relevant in the constantly changing market.
She added that today, customers define value through experience and price, and is what is driving the brand’s marketing strategies. As such, the company plans to enhance and improve its customers experience on all consumers touch points.
Meanwhile, echoing similar sentiments on a press statement, Richard Allison, president of Domino’s International said that the company aims to become the top pizza company in the world. It therefore plans to provide optimal customer service, serving high quality food, and adopt leading technology in Malaysia and around world.
Domino’s currently operates in over 85 markets worldwide. Domino’s had global retail sales of nearly $10.9 billion in 2016, with more than $5.3 billion in the U.S. and more than $5.5 billion internationally. It has 3500 stores in Asia Pacific. The master franchisee for the market, Dommal Food Services which opened the first store in Malaysia in 1997.
Domino’s Pizza is not the only restaurant chain ramping up its business in Malaysia. Most recently, QSR Brands announced plans to expand its KFC business with an additional 30 new outlets by the end of this year.
Competitors over at McDonald’s Malaysia also plan on investing RM363 million into three year growth plan.


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Prev By Shaheen Parkar | Posted 24 minutes ago Sunny Leone's event manager Piyush Anand turns actor with the upcoming film titled 'Pleasure'.... ...http://www.mid-day.com/articles/sunny-leones-event-manager-seeks-pleasure/16094164
Minister of State for Coal, Power, New & Renewable Energy, Piyush Goyal, and John Abraham will present the Awards at a function at the Palladium... ...http://www.bestmediainfo.com/2015/03/stage-set-for-5th-iaa-olive-crown-awards-on-march-27/
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it should becolour ful
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Google has approached Samsung for the latter’s Tizen smartwatch and wearable operating system. Perhaps Google’s Wear OS could retire in favor of a new wearable OS, tentatively called “Wear.”
After numerous experiments with the Wear OS, Google appears to have partnered with Samsung to address numerous issues with its own smart wearable operating system.
Samsung Tizen smartwatch OS coming to a wider userbase after a partnership with Google?
It is been quite a few years since Google first introduced Wear OS. The company once called the lightweight operating system Android Wear.
Needless to mention, Samsung’s Tizen operating system seems far more light, versatile, and powerful in comparison to Google Wear OS. The primary limiting factor was that only Samsung’s wearable and smart devices had access to the same.
Google, Samsung to Combine Wear OS and Tizen for New Smartwatch OS https://t.co/WS6Jt2Dnqb
— News e! Digital 📰❤ (@Newsedigital) May 23, 2021
Incidentally, Tizen OS and Tizen-powered smartwatches can work with Android smartphones and smart devices. However, users have to install quite a few “helpers” apps. In other words, there’s no smooth or frictionless experience.
There are several possible reasons that could explain the seemingly poor experience Google Wear OS offers. But it is not clear why Google, of all companies, couldn’t offer a powerful, lightweight, and fluid smartwatch OS.
Samsung is working to port Google’s Flutter SDK to Galaxy Watch and other Tizen deviceshttps://t.co/uKfNkVjFUD
— Djamila FIGUIR (@DjamilaFiguir) May 23, 2021
There’s no doubt that Samsung has invested heavily in the Tizen OS ecosystem. The company has proven that Tizen-powered smartwatches have better battery life, app support, and overall performance.
Moreover, Samsung’s own foundries can churn out smartwatch SoC. Google, meanwhile, has to rely on Qualcomm.
The Snapdragon 4100 platform is promising, but the hardware still needs a capable operating system. And this is where Samsung’s Tizen OS might help Google build a powerful OS for the smart wearable devices.
Is the Google Wear OS retiring?
Interestingly, Samsung too bet on the Google Wear OS, but gradually transitioned its smartwatches entirely to the Tizen platform. Needless to mention, the Korean tech giant hasn’t looked back.
Even OnePlus seems to have given up on Google’s offering. There has to be something fundamentally amiss for such partners to abandon a readily available smartwatch OS.
So the benefit for Samsung is that devs will actually build apps for their watches. They didn't because it was running Tizen.
I'm not sure what The Verge's sources are and what they say, but I can't imagine that Google is outsourcing the OS.
— Roderick Gadellaa (@RGadellaa) May 23, 2021
Google smart wearable OS still has the biggest ace up its sleeve. It has tight integration with Google Play Store. None of the other operating systems for wearable devices have access to such a wealth of apps.
Hence, it seems Google won’t abandon its product. Instead, Google and Samsung might co-develop a Tizen-hybrid Wear OS.
In the process, Google will gain the benefits of Tizen OS, while Samsung can tap into the massive Android developer community. Moreover, together, the companies could take on Facebook.


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A further 2,500 sales are expected to be completed this year through this scheme and the Help to Buy (Scotland) Small Developers scheme.
Over £305 million was allocated to the two schemes, far exceeding the original industry demand for £220 million and target of 4,500 homes.
The value of the 5,000 properties sold under the scheme since November, 2013 is over £1 billion.
Help to Buy (Scotland) has been developed and delivered in partnership with Homes for Scotland and the Council of Mortgage Lenders, representing the industry and lenders. They continue to work with Ministers to monitor the schemes.
Speaking ahead of her attendance later this week at Homes for Scotland’s annual lunch, Burgess said: “Housing is, and will remain, at the heart of the Government’s ambitions to deliver a fairer and more prosperous country.
“By investing £305 million in the Help to Buy (Scotland) scheme, £85 million more than the house building industry originally requested, we have also stimulated the economy, created jobs and given the construction industry a huge boost.
“The 5,000 sales achieved has far exceeded the industry’s original target of 4,500 homes. This has provided thousands of families, couples and single people, including first time buyers, the help to move up or onto the property ladder.”


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Measures that target Russia’s core industries will depress consumption and investment
Tim Kobe, the man behind the Apple Store's signature touches, remembers what Jobs taught him about retail design
In offering conflicting opinions within hours, two federal courts have set up a fight at the Supreme Court over the Affordable Care Act
Xiaomi Chief Executive Officer Lei Jun unveils the Mi4, a metal-backed iPhone-esque smartphone with a 5-inch display, the latest Qualcomm Snapdragon chip, and a $320 price tag
A months-long public-relations debacle is taking a heavy toll on the operators of dark pools
The furniture manufacturer of midcentury classics acquires its largest retail outlet
That an accordion-playing parodist has become one of the most enduring musical acts of our time is, well, a little weird
A new report shows young college-educated professionals will wait a long time to see the financial rewards of their degree.
Profiled companies pay the recruiting service, but job-seekers don't
Author: Amar Bhidé
Publisher: Princeton University Press
Despite widespread corporate fears that India and China would surpass the U.S. in inventing new technologies, Bhidé, a Columbia Business School professor, provides a provocative, counterintuitive case as to why the U.S. should support the training of foreign workers and research activities by foreign companies. Why? American companies can benefit, he says—pointing out, for example, that many of the acclaimed features on the iPod were actually developed abroad.
Read a column by Arindam Bhattacharya on India and China as rising innovation forces.


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Kleiner Perkins Caufield & Byers announced that it put another $100 million into its iFund in late March, but there was some question as to where exactly the $100 million will come from.
KP launched the iFund in March 2008, saying it would invest $100 million in applications related to Apple’s popular iPhone. The expanded fund will continue to invest in iPhone apps, as well as applications for Apple’s new tablet computer, the iPad.
Asked if the additional $100 million would be carved out of KP’s existing core fund, Partner John Doerr said: “This is new money we have committed.”
And yet VCJ was unable to find a regulatory document indicating that KP had raised $100 million for the iFund. Additionally, one KP limited partner said he was unaware of any fund-raising effort for the iFund and wasn’t pre-briefed on the announcement about the expansion of the fund.
It seems possible that the capital could have come from the firm’s fund-raising efforts for three of its core funds last year, which as a group raised at least $415 million of a targeted $740 million, according to documents filed with the SEC in February 2009. KP raised $135.4 million (of a targeted $150 million) in an annex fund for its 11th fund, which originally closed on $400 million in 2004, and it raised $280.5 million (of a targeted $350 million) to bolster its 12th fund, which originally closed on $600 in 2006, the documents show. The firm also planned to raise about $240 million more for its 13th fund (vintage 2008) to bring that fund’s total to $950 million, according to the documents.
VCJ sought clarification from Doerr via email, but he did not respond. A spokesperson at KP’s public relations firm said, “This is not a new fund, it’s an expansion of the iFund,” but she said she did not know the source of the new capital.
KP announced the expansion of the iFund at a press event at its Sand Hill Road headquarters last Wednesday. Much of the event was spent talking about the iPad, which was scheduled to be released on April 3 (a Saturday).
“This Saturday the iPad arrives,” Doerr declared. “We believe it’s going to rule the world.”
Clearly awed by the technology, he later remarked: “I have touched it, I’ve held it, caressed it.”
This Saturday the iPad arrives. We believe it’s going to rule the world. … I have touched it, I’ve held it, caressed it.
Doerr went on to say that the iPad will ship with 11 apps from iFund-backed companies, with 20 more applications in development.
Kleiner said in a press release that the iFund is “agnostic to size and stage of investment and invests in companies building applications, services and components.” Its areas of interest include location-based services, social networking, mCommerce (including advertising and payments), communication, health care, education and entertainment, according to the statement.
Doerr appeared particularly bullish about iPad apps for health care and education. “Every doctor, nurse and patient should be using an iPad,” he said. He later said that one of the iFund’s stealth companies would release an iPad-only application within five weeks and predicted that “we’ll see education apps which will transform things.”
To date, the iFund has invested in 14 companies, including three that are in stealth mode. See Table of iFund Investments.
Doerr said the startups have collectively raised $330 million and as a group will produce more than $100 million in revenue this year. Matt Murphy, a KP partner and manager of the iFund, said four of the companies are “cash-flow profitable,” but declined to name them.
Companies in the iFund portfolio include Booyah, developer of a location-based iPhone game; Cooliris, developer of an iPhone content-discovery app; Gogii, developer of a free texting app for the iPhone; iControl, developer of home monitoring and management software; ng:moco, an iPhone game developer; Pelago, operator of a mobile and Web-based social network; Pinger, provider of instant voice messaging for mobile phone users; Shazam, developer of a song ID service for mobile phones; Shopkick, developer of a charitable donation iPhone app; and Zynga, a developer of social games.
KP has been cryptic about the financial structure of the iFund since its creation. Murphy told VCJ in March 2008 that the iFund wasn’t a formal fund. He described it as a $100 million allocation raised from the firm’s existing limited partners and said it could grow and didn’t have a set lifespan. “There’s no hard cap on this,” Murphy said at the time. “If we see opportunities beyond the $100 million, we’ll increase the allocation.”
Murphy declined to comment on the structure of the allocation, but said it wouldn’t cannibalize the firm’s other initiatives, such as its cleantech effort or its $200 million KPCB Pandemic Preparedness and BioDefense Fund.
Additional reporting by Poornima Gupta of Reuters, Dan Primack and Alexander Haislip


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“FOR anyone who uses a mobile, these are worrying times.” So began our cover story on 10 April 1999. By then, 500 million people worldwide were using mobile phones and hysteria around their effects on health was reaching a climax. There were claims that radiation from handsets cooked your brain, scrambled your thoughts and gave you cancer. New Scientist tackled the question in its inimitable fashion.
Our six-page special investigation was quick to point out that microwave radiation from phones is too weak to damage DNA, and so there is no obvious way in which it could cause cancer. But …
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Nevada’s taxable sales up nearly 10%
LAS VEGAS - Officials say state businesses produced $4.8 billion in taxable sales in June, an increase of nearly 10 percent from the same time a year ago.
The Las Vegas Sun reports that figures from the Nevada Department of Taxation show nine of the state’s 17 counties posted increases in taxable sales from June 2015 to June 2016.
Taxable sales in Clark County rose by more than 10 percent to $3.6 billion during that time period.
Mineral County recorded a more than 200 percent increase, while Esmeralda County’s taxable sales showed a decrease of about 30 percent.
The state collected nearly $95 million as its share of the sales tax in June, an increase of nearly 8 percent compared to the same month last year.


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Luxury Goods and Services
News about Luxury Goods and Services, including commentary and archival articles published in The New York Times.
Chronology of Coverage
Aug. 27, 2015
China's stock market rout and currency devaluation has ended boom in country, with shoppers cutting back on luxury goods; spending on luxury products fell for first time in 2014 to $18 billion, down 1 percent; affluent Chinese shoppers represent one-third of global luxury spending. MORE
Aug. 17, 2015
Assisi Journal; town of Assisi, Italy, has begun drawing new types of pilgrims in addition to Christians who have long visited hometown of Catholic St Francis; many new visitors are not Catholic, and many are influenced by Indian spiritual traditions; some are interested in luxury services, which businesses in town have been increasingly providing. MORE
Jun. 27, 2015
Paul Sullivan Wealth Matters column examines private aviation options for high-net-worth individuals willing to incur exorbitant costs of luxury travel. MORE
May. 29, 2015
Wheels column; market for ultraluxury cars is becoming ever more rareified as manufacturers like Rolls Royce, Maserati and Porsche unveil extensively customized models; trend is exemplified by Rolls Royce, which introduced an Inspired by Fashion edition of its Wraith model at event in Manhattan. MORE
May. 28, 2015
Social shopping website Vestiaire Collective sells secondhand luxury goods, and is go-to site among fashion world’s elite. MORE
May. 24, 2015
Op-Ed article by Christopher Solomon deplores fact that Washington State is offering 'glamping,' or glamorous camping, options in its public parks; questions propriety of segregating parks by visitors' wealth in an age of rising income inequality; points to decline in state funding of public parks as reason why states are beginning to offer such services. MORE
May. 7, 2015
Luxury brands are featuring works of art along with fashion in effort to attract deep-pocketed shoppers. MORE
Apr. 2, 2015
Federal prosecutors in South Carolina agree to return Porsche Cayenne and $120,786 seized from luxury car exporter Alibek Turkayev; agreement is one of a dozen similar settlements reached with companies involved in buying luxury cars in United States and reselling them in China; settlement signal retreat on part of federal prosecutors in efforts to curb niche business. MORE
Mar. 14, 2015
Paul Sullivan Wealth Matters column explores process for commissioning bespoke perfume, development of which can carry prohibitive costs; notes that while some wish for personalized scent, others hope to create distinctive scents for specific purposes; Audrey Gruss, founder of Hope for Depression Research Foundation, is seeking a scent that could be comforting to people who suffer from depression. MORE
Mar. 8, 2015
Luxury brands like Davidoff, BMW and Ruinart will have a presence at Art Basel Hong Kong, most well-attended art event in the world; companies are looking to showcase their wares to wealthy clientele willing to spend millions for artwork. MORE
Feb. 21, 2015
Luxury automakers like Bentley have expanded their offerings to include goods that have very little to do with cars, including furniture, cologne and apparel; Porsche, which like Bentley is owned by Volkswagen Group, has even put on runway show for New York Fashion Week; analysts caution that moving toward more general luxury brand would be disastrous for luxury car makers. MORE
Feb. 19, 2015
Architect Richard Landry designs extremely large and ostentatious mansions in wide variety of styles for rich and famous. MORE
Feb. 14, 2015
Paul Sullivan Wealth Matters column highlights job requirements of yacht charter brokers, who connect vacationers with right-sized yacht, crew, itinerary and owner's agents; observes while chartering a yacht can be costly, many are willing to pay the price for luxury. MORE
Feb. 10, 2015
Buying frenzy for luxury New York City apartments in sleek residential skyscrapers continues to reach new heights, with buyers pushing prices beyond $100 million mark; irony is that opulent dwellings, mostly purchased by foreign investors, will sit empty most of the time. MORE
Feb. 7, 2015
Luxury retailers are turning their attention back to American millionaires as United States economy improves while high-end spending lags elsewhere. MORE
Jan. 29, 2015
High-end condo buildings around New York City have begun adding hamams, or steam room, to list of amenities that also includes luxurious courtyards, garages, gyms and children's rooms. MORE
Jan. 16, 2015
James B Stewart Common Sense column observes that retail prices on imported luxury goods from Europe have not fallen in line with steep decline of euro against the dollar; notes that counterintuitive trend is caused by phenomenon known as 'incomplete exchange rate pass-through,' as well as tendency by producers to increase markup to cancel out decline in marginal cost. MORE
Dec. 8, 2014
Italian online luxury goods firm Yoox Group is global leader in online luxury sales, but its own success has drawn rivals; online sales account for less than 5 percent of $270 billion in annual luxury revenues, but are growing at 30 percent a year. MORE
Dec. 7, 2014
Retail construction in Miami is booming along with the economy; about 20 luxury brands are set to open new stores in December alone. MORE
Nov. 30, 2014
Car dealerships around the country are offering luxury amenities; Frank Kent motor company dealerships in Fort Worth feature art, wine and a dog park. MORE
Nov. 23, 2014
The Upshot; Robert H Frank Economic View column examines motivation behind conspicuous consumption of luxury goods at the highest income levels; argues that despite having lots more money to spend, wealthy people still consider a product's value, similar to most everyone else. MORE
Nov. 19, 2014
Marketing analysts find that geographical differences account for how Americans splurge on luxury items; note that buying luxury goods is most important for Southerners, while those in the Midwest appear less willing to stretch themselves financially. MORE
Nov. 16, 2014
Robert Frank Inside Wealth column observes that a wealth gap is emerging even at the highest economic levels, as the .01 percent leave the .1 percent behind; observes that shift is reshaping the luxury market, with sales of large private jets climbing while those of smaller jets tumble. MORE
Aug. 11, 2014
Advertising column; quarterly luxury lifestyle magazine DuJour and digital retailer Gilt Groupe are collaborating on cross-promotions and other initiatives aimed at making them both more attractive to high-end brands. MORE
Jul. 31, 2014
Hanneli Rupert's leather goods line Okapi, which says it is the first Made in Africa luxury brand, aims to reposition the continent as a source of premium manufacturing. MORE
Jul. 30, 2014
Operators of five-star hotels in Dubai look to set themselves apart in crowded market, hoping brand loyalty and connections to designer fashion can help. MORE
Jul. 26, 2014
Paul Sullivan Wealth Matters column; Dennis M Jones, who makes no apologies about his luxury lifestyle, is encouraging other wealthy people to think about how their extravagant living could provide jobs, just as their charity helps those in need; Jones's $34 million yacht purchase helped save shipbuilder and hundred of jobs of people it employed. MORE
Jul. 12, 2014
Paul Sullivan Wealth Matters column notes extremely wealthy travelers are driving an expansion of the bespoke travel industry, which designs custom, exotic voyages for a high premium; says travelers who spend at least $100,000 a year on trips have increased their annual spending at two to three times the rate of the regular traveler over the past seven years. MORE
Jun. 14, 2014
Heritage Auctions files lawsuit against Christie's International, claiming Matthew Rubinger breached his contract after leaving Heritage, bringing trade secrets to Christie's; hiring of Rubinger gives Christie's, known more for its art auctions, leg up on its push into high-end accessories market. MORE
Jan. 13, 2014
Increasing number of pawn businesses are catering to the wealthy, offering fast liquidity in exchange for high-end luxury items like Rolex watches and Bentley automobiles; Suttons & Robertson's in New York City is emblematic of trend, capitalizing on crowd of wealthy Americans who have overspent and need quick and quiet infusion of cash. MORE
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ARTICLES ABOUT LUXURY GOODS AND SERVICES
Terms of the severance deal with Natalie Massenet confirm that Yoox bought its rival at a bargain price. But it is losing know-how at an important time.
September 4, 2015, Friday
She leaves only months after the company joined its Italian rival, Yoox, in a merger.
September 3, 2015, Thursday
China’s upper crust represents as much as a third of global luxury spending. The tumult in China’s financial markets is denting that, leaving retailers anxious.
August 27, 2015, Thursday
Despite creeping fears worldwide of a global economic meltdown, high-end consumers continued to patronize some of Britain’s ritziest stores.
August 26, 2015, Wednesday
New Age retreats that offer yoga, meditation and spa treatments are cropping up in Assisi, Italy, a spot popular with Catholic pilgrims for centuries.
August 17, 2015, Monday
In a business that relies on personal interaction with people and clothes, MatchesFashion.com, a high-end retailer in Britain, is making the jump to e-commerce.
August 16, 2015, Sunday
He will concentrate on his namesake brand, which Mr. Wang maintained during his time at Balenciaga. A search has begun for his successor in France.
August 1, 2015, Saturday
At a time when few new malls are opening, Sarasota’s Mall at University Town Center is placed to benefit from local shoppers and the tourist trade.
July 29, 2015, Wednesday
Carbon fiber frames have led to a surge of fakes that can be difficult to detect and dangerous for riders.
July 20, 2015, Monday
Options for decks are numerous and can be expensive, but choosing the right material and add-ons can prevent maintenance woes and help homeowners profit.
July 11, 2015, Saturday
A new apartment building being constructed at 432 Park Avenue will be the tallest residential building in the Western hemisphere.
Suzy Menkes speaks with Ali Hewson, her husband Bono and Renzo Rosso about the trio’s new clothing line that sources materials from Africa.
Suzy Menkes speaks with the designer Duro Olowu and Omoyemi Akerele, the creative and managing director of Style House, about the luxury market in Lagos.
Bryan Peele is one of perhaps 1,000 estate managers throughout the United States who manage every detail of properties of high-worth individuals.
Behind a shocking statistic, the complex picture of who pays taxes. | The Times’ Alexei Barrionuevo takes a peek inside a billionaires’ haven, overlooking Central Park.
How luxury real estate became a safe haven for wealth. | The burden of student debt, with no relief in sight. | Adding jobs, but with low pay and few prospects.
In the last year or two, Lanvin, Gucci, Stella McCartney and Marni have entered the childrens’ clothing market.
FedEx agrees to settle bias case; Tesla Motors' interesting approach to financing its operations; and an end to easy money, as interest rates rise.
Suburban drivers have long been able to park their car in an attached garage. A new Manhattan luxury condo building with an auto elevator makes driving home, even on the 13th floor, possible.
The gap between first class and coach has never been so wide, as airlines compete for the lucrative business and first-class traveler on long-haul international flights.


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Alongside updates to its critically acclaimed Pixel line, Google announced that it plans to get back into tablets. It was sort of a given, with Android 13 focusing on making the operating system work better both with big screens and across different devices. The company even showed off its upcoming tablet, scheduled for 2023.
It would be tempting to cheer for the Pixel Tablet as Google is going all-in. It’s got Android 12L and Android 13 to take advantage of larger screens. It’s working on rolling out updates to 20 or so of its mobile apps. It’s even working on Tensor, a custom chip that’s going to make the Pixel Tablet more like an iPad than before. So why do we feel a sense of skepticism? Simple: Google has been directionless in both hardware and software, which makes it exceedingly difficult to believe it has any serious long-term plans.
If I’m not impressed by Google’s newfound love for tablets and big-screen devices, it’s because the company is known for talking the talk but not quite walking the walk. We’ve known for years that Android tablets suck because of their software. Sure, an argument could be made that the company couldn’t control third-party app developers, but how about its own apps?
That’s why the biggest sticking point with me is the much-vaunted rollout of tablet-optimized apps this week. Google seems to think that we should be cheering for them, but it’s hard to imagine why. Android tablets aside, the company has been selling Chromebooks for the past few years, enabling them with the ability to run Android apps and advertising that as a killer feature. Why is Google just now proudly announcing that it just updated its apps to run well on big screens? Has Google not noticed that it has been selling a $1,000 big-screen Android device in its Google Store for years with the Pixelbook Go? When it announced with the Pixel Slate that it would be bringing “optimized Android apps” for a “no-compromise experience,” what did it mean? It’s tempting to argue that Chromebooks don’t count as “big-screen devices” but Google does count and include them in its number, so why did it take so long to finally build out these apps when it should already have accomplished that?
As someone who’s used far too many dead-end mobile platforms to count, there’s nothing more familiar than the enthusiasm of a company finally getting something important right. There’s also nothing more familiar than watching that initial burst of enthusiasm fizzle out. Google could very well keep this momentum going and create a suite of large-screen Android apps that would sway even the most committed skeptic over, but it’ll take a lot more than what it’s shown thus far to prove it.
The bigger issue here is that it’s hard to tell what Google thinks “getting tablets right” actually means. It’s not just that Google has failed to execute, it’s that Google has consistently failed to draw a through line of its most recent tablet efforts. Not in design, not in purpose, not even in the operating system. Sure, Google may say that this time it’s for real, but it’s lurched and stumbled every other year, clutching at disparate and contradictory goals.
Does Google think tablets are cheap just because Amazon’s Fire tablets sell? Does it want a premium large-screened tablet because the iPad Air is so good? Or is the Pixel C what the ideal tablet should look like? Or perhaps, we want a full desktop operating system on a tablet like Microsoft’s Surface or Samsung Dex? Google doesn’t seem to know, and designing Android on tablets to look like iPadOS doesn’t make this trend of reactionary, uncreative copycatting any less obvious.
Say what you will about Apple, Samsung, or Microsoft, but each iteration builds on what’s come before. You can pick up the Samsung Galaxy Tab S5e and the Tab S8 and you sort of get how one led to the other. You can look at a Surface Pro 3 and look at a Surface Pro 8, and the lineage is clear. The Pixel Slate and Pixel C look very different from each other, while Google’s Pixel Tablet doesn’t even look like it came from the Pixel Team, but more like something from Nest Hub spare parts bin. Is there any faith that this time next year there will be a Pixel Tablet 2 being teased, or is it more likely that we’ll be waiting till 2025 for the next Pixel Sheet with Android 16 or whatever?
I leave you with this quote from Google hardware chief Rick Osterloh: “Google’s hardware team will be solely focused on building laptops moving forward, but make no mistake: Android & Chrome OS teams are 100% committed for the long run on working with our partners on tablets for all segments of the market (consumer, enterprise, [education).” He said that three years ago, in 2019. During the entirety of that sole focus, the Google hardware team built precisely one laptop and never followed up.
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- I love the Oura Ring, but I’m increasingly worried about its future
- Apple vs. Samsung: Who has the best lock screen customization in 2022?
- When is my phone getting Android 13? Google, Samsung, OnePlus, and more
- The U.K. wants to break up Google and Apple’s cloud gaming stranglehold


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Apple’s iPhone finally goes on sale in the UK this Friday, at the extremely efficient time of 6:02pm. You can get your hands on one by visiting more than 1,300 Apple, O2 and Carphone Warehouse stores, or surfing to the online shops for those brands.
“iPhone combines three devices into one – a mobile phone, a widescreen iPod, and a breakthrough internet device,” said an Apple press release, clearly assuming some of you may have been living in a cave for the last year.
“It’s all based on Apple’s revolutionary multi-touch interface and pioneering software that allows users to control iPhone with just a tap, flick or pinch of their fingers.”
However, that includes free unlimited usage of the O2 mobile data network and free unlimited use of The Cloud Wi-Fi network in more than 7,500 cafes, restaurants, airport lounges, pubs and other locations across the UK.
“In another market first, O2’s iPhone data tariff will be truly unlimited with no fair usage cap,” the company said.
That offer means the handsets can surf the internet for personal use, but prohibits the iPhone being used as a data modem.
If you just can’t wait until Friday, check out a guided tour of the device here.


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He Bought 18,000 Disinfectants To Get Rich – It Backfired Big Time
The worldwide economy is having trouble as we may be going into recession.
Coming up is a story of a man who planned to profit off the troubles with amazon and failed.
How did society respond to Matt Colvin’s actions and what impact did it have on him?
The COVID-19 pandemic has caused immense panic and anxiety worldwide, resulting in shortages of essential medical supplies including disinfectants. Alarmed by the escalating demand for disinfectants, one man attempted to capitalize on the situation by purchasing 18,000 bottles of disinfectant with the intention to resell them at a higher price. However, his unethical business decision backfired significantly.
Matt Colvin of Tennessee, USA, was one such individual who believed that the outbreak of the virus could be an opportunity to make a hefty profit. He scoured the stores for disinfectants, purchasing all he could lay his hands on. He then resold these products at a higher price online, earning upwards of $100,000. However, in the process, he unknowingly spread panic among the public by exacerbating the shortage of supplies.
The publicity that followed soon after exposed the situation for what it was. The panic-buying mentality had led to a difficult situation that left those in need without access to essential disinfectants. As news of Colvin’s hoarding of disinfectants emerged, people quickly voiced their concerns leading to his being heavily criticized online and bringing the practice under the spotlight.
As various news channels reported on the matter, Colvin became a controversial figure that everyone hated. People called out his greed for money, leading to a public outcry, which prompted him to donate the products for charity. The backlash loosened his purse strings, and he gave out everything for free. In retrospect, he admits that the practice was unethical, and he had put profit in front of people. Colvin’s situation shines a light on the importance of personal integrity and upholding ethical business practices.
It is essential to note that individuals and businesses play an influential role in shaping society’s perceptions and values. Therefore, it is crucial that one’s actions align with what society views as ethical for the greater good. The story of Matt Colvin and the disinfectants highlights the need for ethics to guide business decisions, especially in times of struggle.
In conclusion, Colvin’s actions were a huge learning experience, showing how unethical business dealings can backfire, with the potential to harm people during a crisis. In contrast, businesses with ethical practices gain a reputation as responsible members of society, earning the trust of their customers and overall contributing to healthy communities. Businesses, therefore, should focus on sustainable, ethical practices that prioritize the needs of the community before profits.


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Sudden increase in power tariff is hurdle to TN foundries, said the Institute Of Indian Foundrymen (IIF), Southern Region, Chairman, S.MuthuKumar.
He said,"IIF, a national level body has 4,000 including 1000 units in Coimbatore and Chennai Chapters. Foundry Industry is one of the core sectors contributing both directly and indirectly to around 50% of Manufacturing GDP. Manufacturing Sectors like Automotive, Mining and Construction Equipment, Oil and Gas, Energy, Medical, Food and Agriculture rely lot on Foundry Industry for their product Manufacturing. Foundry Industry is therefore rightly called as Mother of all Industries.
Around 95% of Foundries in India are in the MSME segment contributing significantly to the 17.5 billion Dollar industry, with export revenues around 4 billion Dollars. Given the reliance on Manpower, Foundries also generate distributed wealth and employment across the Country.
So, a continuous power supply with good power quality is need for our industry as our industry is entirely dependent on Thermal Energy (Heating, Cooling and Constant Temperature requirements). The tariff for future years shall be decided based on True Up Petition filed by the DISCOM.
Sudden increase in Electricity Charges is hurdle who are already are facing stiff competition. Entire raw materials and input materials are sourced from other states where suppliers have their factories for various positive reasons.
Due to transportation cost, the cost of materials is already high. Hence, power cost at reasonable rates is must to stay viable. A variable slab system such as 0-50 KW, 50-100 KW and above 100 KW will make chaos and a non-level playing field for the MSME sector. This may trigger unrest and negative influence in the society," he said.


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SANTEE, Calif. (KGTV) — Katie Shetley thought it'd be like any other shopping trip to her Target in Santee, until she realized her credit card wasn't going through at the checkout line.
"I had to pull over to the side of the register to figure it out and once I did, I got back in line and the cashier finished with the woman ahead of me and when women left, the cashier said she put a gift card towards my purchase," she said.
And the woman, Shetley now refers to as the "masked stranger," was already gone before she could say thank you. But she knew the feeling she had at that very moment wouldn't wear off any time soon.
"It's just one of those moments that, I'm gonna tear up again, small things can affect someone. They can make their day, make someone feel, 'cool someone noticed me, someone cares who doesn't even know who I am,'" said Shetley.
She said the woman could probably tell it was a rough day, just one in what for many has been the roughest year. Shetley was coming off a day of homeschooling that fully tested her patience. She also returned to work recently and luck wasn't on her side at the office.
"I tore a ligament in my back so I was back on bed rest at home. It had just been one thing after another," says Shetley.
And that day at Target, a stranger hit the bullseye. Shetley was surprised, grateful and is now on a mission to pay it forward.
"If I see someone struggling like I was, maybe if they forgot their card or their purchase was larger than expected, I'd love to come forward and help them with that," she said.
Shetley added it's also a simple reminder, you never know what someone, even the stranger beside you in line, is going through.
"We can help each other and show that we care because you don't know what the person behind you is going through. You don't know what's going on in their head so sending that message there are there people who care might change their perspective especially now," said Shetley.


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"That's my view. They'll cut preemptively in June. That is to say Wednesday," says the Grant's Interest Rate Observer newsletter editor.Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Google CEO Sundar Pichai said in a CNN interview that while the company will work to remove as much harmful content as possible, the company can't remove 100% of it.Technologyread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
In a rare downgrade for the stock, Imperial Capital lowered its rating for Disney to in-line from outperform and maintained its target price of $147.Investingread more
Atlassian is releasing a document that's meant to simplify the negotiation of terms for acquisitions. That way the buyer and seller can focus on more important topics, like...Technologyread more
The pizza chain's robo delivery program could add to store owners' options during peak times.Restaurantsread more
GM CEO Mary Barra promised the automaker would launch 20 models of electric cars by 2023, beginning early this year. That plan may stall. A slowdown in China, a ratcheting up...Evolveread more
Getting out of bed after a surgery is often a challenge. At Cedars-Sinai Hospital in Los Angeles, the doctors have figured out a new way to motivate patients: Fitbits.
The hospital is giving out Fitbit activity trackers to its patients after knee replacements, hip replacements and other surgeries, to encourage them to start walking short distances.
For healthy people, 10,000 steps a day is a typical goal. But the doctors at Cedars-Sinai found that patients that reach even 1,000 steps are usually discharged sooner than those who don't.
"Patients need to walk after they've had a surgery," said Brennan Spiegel, director of health services research at Cedars-Sinai, in an interview with CNBC. "There's decades of research, so we know that."
Spiegel is among the medical professionals who started working with Fitbit as the company expanded beyond the consumer market and into research and clinical studies. Fitbit told CNBC in September that it's unfazed by rivals like Apple and Samsung, in part due to the company's focus on health and medical applications.
"We can use Fitbit to do something that's actionable," Spiegel said.
Steps logged by the Fitbit are featured on an interactive board in the patient's room, alongside data on the average number of steps achieved by other patients recovering from the same surgery. The goal is to help patients reach realistic targets.
Walking around a hospital isn't the most inspiring activity. To make things a bit more fun, doctors at Cedars developed an app featuring the hospital's artwork. There are tours that take exactly 250 steps to reach a specific painting or mural.
"It really encourages patients to get out and walk for a reason," said Timothy Daskivich, a doctor at Cedars.


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Adhering to a Jewish lifestyle in the UK adds almost £13,000 to the cost of living when the price of religious necessities such as kosher food and synagogue membership are tallied up.
Andrea Silberman, an economist at the Treasury, and Anthony Tricot, a consultant for Ernst and Young and a former government economist, created the "Kosher Chicken Index" – what they define as a basket of goods reflecting products that Jews are likely to buy in order to lead a Jewish lifestyle.
They found that observant Jewish life comes at a £12,700 premium. The findings were first published in the Jewish Chronicle.
There are estimated to be roughly 284,000 Jews in the UK, according to Institute for Jewish Policy Research, around half of whom belong to the Orthodox community.
Orthodox Jews observe the laws of kosher food, which prohibits pork and shellfish and stipulates that other meats such as beef, lamb and poultry must be prepared in a certain way.
The report found that kosher meat tends to cost twice as much as regular supermarket meat, although the premium ranges from 8pc for diced beef to 250pc for filleted chicken thighs.
More observant Jews who make sure all their food products are certified kosher, not just meats, will rack up an ever higher bill.
"Staples like milk and eggs cost 10-20pc more if kosher, while kosher baked beans and pizzas are double the equivalent non-kosher price," the researchers found, comparing produce at Golders Green supermarket Kosher Kingdom and Tesco. "A humble pack of ginger biscuits cost eight times more."
Eating in restaurants, which require kosher food and rabbinic supervision, is also costlier: kosher Indian or Chinese restaurants were found to be 70pc more expensive than their non-kosher counterparts.
Three-quarters of the all-Jewish households in the UK belong to a synagogue, which incurs costly membership fees. Overall, around half of all British Jews are synagogue members.
A typical synagogue charges £600 to £800 per household each year, which covers hefty burial expenses, salaries of permanent staff such as rabbis and maintenance costs for what are often large buildings.
Property in the community
In order to have access to kosher food, local synagogues and the general community, Jews tend to cluster in certain areas – and property can be pricey.
One in five British Jews lives in the north London borough of Barnet, where property prices are 157pc higher than the average across England and Wales, the report found.
Although faith schools can be state funded, Jewish schools often add a surcharge of around £3,000 to cover the additional costs of a religious education.
Parents who opt for non-Jewish schools could rack up expenses by providing their children with extra-curricular Jewish education such as Sunday school or private lessons.
The average Jewish wedding costs £55,000 – more than twice the price of non-Jewish nuptials.
Bar- and batmitzvahs, which are celebrated in a person's early teenage years, are also costly events, usually running like mini-weddings with a venue, catered kosher food and music.
The report also notes that, on the whole, the Jewish community is affluent, with average earnings for a Jewish household more than 50pc higher than the national average – although more religious communities in places such as Stamford Hill and Gateshead are much less well-off.


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With restaurants relegated to serving takeout only because of the ongoing coronavirus pandemic, the Alhambra City Council on Thursday, Dec. 17, during a special meeting, passed a city ordinance that will make it unlawful for food delivery services such as Postmates, GrubHub and DoorDash to charge restaurants in the city more than 15% of the purchase price for online orders.
“We must do everything we can to protect Alhambra’s rich food diversity,” recently sworn-in Mayor Sasha Renee Perez said in a statement. “Exorbitant delivery fees often lead restaurants to lose money on delivery orders.
“I’m proud of our council for passing this immediately and I look forward to working with my colleagues in neighboring cities to pass similar ordinances.”
Alhambra resident David Ho, who owns Tonkotsu House Ramen in El Monte, was stoked about the quick work of his city’s officials.
“I’m thankful that Alhambra could take action to protect restaurants that have been forced to adapt to this pandemic,” he said. “It’s heartening to see government functioning, at least at the local level.”
In-person dining is not current allowed amid state and county stay-at-home orders, which were triggered in recent weeks by the resurgent growth in new coronavirus cases, which have reached record levels. Hospitalizations have also hit a pandemic high in the county, stretching medical resources around th region.
The current intensive-care availability index in Southern California has bottomed out at 0%, according to state officials. The order will not be lifted until ICU availability climbs above 15% again, but that is unlikely to happen soon.
Inevitably, it will be up to Los Angeles County health officials when outdoor dining — an impromptu solution to the closure of indoor dining in July — can return, once the growth in new cases and hospitalizations fully ebb.


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Where There's Smoke, There's PR Spin
from the the-truth's-under-here-somewhere dept
We wrote a few days ago about how a Verizon tech managed to start a fire at a customer's house when installing service. A commenter on that post said the story was wrong, that there was no fire, and that the fire department was called as a "precautionary measure." It turns out that Verizon's PR folks are putting that story out, apparently based on reports from employees that were there. The local deputy fire chief disagrees, though, saying "If there's flames, there's fire." But even the official Verizon party line isn't great: apart from the fire, which supposedly didn't happen, the incident resulted in a 3-foot by 4-foot hole being cut in the side of the customer's house. Verizon's PR people note they're paying for that hole to be repaired. How generous!


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Delta Airlines will be expanding WiFi access to more than 150 international aircraft including Boeing 777, 767, 747, Airbus 330 and transoceanic Boeing 757 starting at the beginning of 2013. Existing air-to-ground service has been conveniently available on domestic flights within the US, but international access has always been constrained by this ground-based technology normally used by airlines.
O2 Secure Wireless, a company that currently works in the development of US wireless tower facilities and offers other broadband communication services, has announced that their first retail store in Palm Beach, FL is set to open July 9 offering a range of wireless services and products. The store will sell phone parts and offer performance repairs on the types of phones mostly commonly seen today.
Aiptek recently revealed a variety of new portable video projectors made specifically for Apple iOS and Android devices, which will allow users to project videos, movies, images, games or websites onto walls from their devices with a screen size of up to 60 inches. The projectors will have a brightness of 35 lumens and 640x480 (VGA) pixel resolution.
As part of the “Apollo” ultra-energy-saving vending machine development project, Coca-Cola parterned with Fuji Electric Retail Systems to develop the “A011” peak-shift vending machine that can keep products cool without using power for up to 16 hours per day. The vending machines shift their use of power for cooling away from peak daytime to nighttime hours when power capacity is high.
It was a few months ago when we got word of HP’s plans to release something called a “Community Edition” as an added part to webOS 3.0.5. Now, webOS Community Edition has been released for use on legacy TouchPad tablets. Users will be able to learn how the TouchPad works, make modifications and then eventually apply what they’ve learned to Open webOS 1.0 in the future.
National Geographic is gearing up for its “Chasing UFOs” series, and to celebrate, everyone has been invited to contribute to a reply that will be sent in response to the 72-second long signal known as the WOW! signal, which was detected by Jerry R. Ehman at Ohio State University in 1977. Since then, many have believed the signal was sent by aliens.
Apple co-founder Steve Wozniak is backing MegaUpload’s Kim Dotcom and bashing the US piracy case against him for alleged copyright infringement charges. While Dotcom still has yet to be extradited from New Zealand, his assets have been seized by US officials and they’re trying to keep him from paying for a legal defense with his funds.
Researchers at Georgia Tech’s Center for Music Technology have created a one-foot tall robot that does nearly everything that a real DJ can do. The robot--called Shimi--is an interactive “musical buddy” that acts as an Android smartphone docking station. Once Shimi gets access to the music library stored on your Android device, the bot can offer song recommendations, pick up the beat of the music, dance along to it and play songs based on feedback.
Cisco announced the new Linksys EA6500 today, its first 802.11ac router with up to 1,300Mbps data rate on the 5GHz and 540Mbps on the 2.4GHz. The announcement of the EA6500 also comes at the same time as does the Linksys AC Universal Media Connector featuring 802.11ac connectivity to a maximum of four ethernet devices. Both the Media Connector and EA6500 router should be available in August or September.


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TT Talk - World's largest container crane produced in Shanghai
Following the item in TT Talk No. 53 about vertical tandem lifting, Andrew Kemp in the Club's Singapore office draws our attention to the imminent arrival of a crane that can lift two 40' units simultaneously.
The Chinese news agency Xinhua reported recently that the Shanghai-based Zhenhua Port Machine Company (ZPMC) has completed construction of this giant crane, the first of its kind in the world. The crane, the largest and most advanced container-lifting machine in the world, will be exported to the United Arab Emirates (UAE) by the end of this year.
The enterprise has exported more than 1,500 cranes to 70 ports in 37 countries, taking more than half the global market for port machinery. It now manufactures one crane every two and a half days and is expected to achieve a production value of USD 1 billion in 2004.
ZPMC General Manager Guan Tongxian said that the company expects the newly-developed crane to bring "new momentum" to the global port industry. He gave no details of the contract with the UAE or other market responses to this latest addition to their range of equipment.
You may also be interested in:
Freight transport and logistics insurance provider, TT Club announces a suite of risk management advisories in a new format and a variety of languages to guide transport companies and their operatives on common safety and security issues, providing key alerts to avoid damage and loss.
Pest contamination by the movement of shipping containers is a threat to the global supply chain.
Learn more about how port authorities and terminal operators are facing an increasing risk of insurance claims relating to storm damage.
Read about the risks of transporting bulk grain in containers from bodily injury, to contamination, to damage to the container itself.


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In China, luxury fashion brands are opening specialty coffee shops within their stores in a bid to attract Gen Z and millennials – the main drivers of coffee consumption in China. This allows them to diversify their customer base and redirect clients back to in-person shopping in an era of online consumption.
In the early 2010s, Pacific Coffee was one of the most prominent names in the Chinese coffee market. Now, they face closures of hundreds of their stores.
The relationship is mutually beneficial, but some worry it could lead to a price war.


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RUPEE STABILISES, CRUDE DECLINES, INDIAN EQUITY INDICES SOAR
-GLOBAL and INDIAN MARKET DEVELOPMENTS
-DATA HIGHLIGHTS AND FX MARKET DEVELOPMENTS
-STRATEGY FOR HEDGING AND SUGGESTED PORTFOLIO
-DATA AND EVENTS FOR NEXT WEEK.
Major economic events:
-Rupee stabilizes as Crude declines.
-Indian IIP declines, trade deficit widens, CPI climbs
-US unveils new trade tariff barriers on Chinese imports
Important developments during last week: Indian Rupee oscillated in the 68.88-68.31 zone and finally ended at 68.53 as against prior close of 68.46. Fall in Oil price has raised hopes of Rupee stabilisation and possible short term gains targeting 67.70/67.20. RBI intervention has also helped to cap Rupee fall. Macro data was little to cheer as IIP fell, CPI climbed and trade deficit widened.Indian trade deficit widened to 5 year highs of 16.6 bn in June from May data of USD 14.62 bn. Exports rose 17.57% in June to USD 27.7 bn while imports climbed 21.3% to USD 44.3 bn. Oil imports climbed 56.61% to USD 12.73 bn. Gold imports declined 2.8% to USD 2.39 bn.
IIP grew only by 3.2% in May as against 4.9% in April. Mfrg climbed 2.8% in April. Consumer durables output remain unchanged month-on-month at 4.3 percent, while consumer non-durables output fell to (-) 2.6 percent in May as compared with 7 percent a month ago. Electricity production grew 4.2 percent in May from 2.1 percent in April, while mining activity’s growth further accelerated at 5.7 percent May from 5.1 in April.CPI climbed 5% in June as against 4.87% in May. However, Food inflation moderated to 2.9% in June from May’s 3.1%.Fuel inflation grew at 7.14 percent in June from 5.80 percent in May.
FII’S have sold Rs 1377 Cr of Indian Equities in July till date . FII’S have sold Rs 1951 Cr of Indian debt securities in June till date . On a cumulative basis, FII’S have bought Rupees 160 Cr of Indian Equities till date for this calendar year and have sold Rupees 43269 Cr of Indian debt in this calendar year till date.
Technically, Rupee has posibility of gaining to 67.70 and a downside break of 67.70 could help Rupee gain further to 66.85. Since there has been a parabolic fall, correction can also be swift and large. This phase can be followed by a consolidation.
It was an impressive week in Equity markets as opening corporate results were either better or in line with expectations. TCS, reported 15.8% jump in revenue and 23.46% increase in June quarter profit to Rs 7340 Cr.Infosys announced 1:1 bonus issue. Reliance announced mega plans for broadband entry, consumer electronics and retail marketing. TCS, Reliance and Auto stocks along with private sector banks took indices closer to all time highs. This is creditable considering lack of FII participation citing trade fears and high valuations. HUL,HDFC bank.,Ashok Leyland, Kotak Bank, Bajaj Finance and Zee are some heavyweights reporting results in coming week.
Global developments: Global Equities withstood trade war fears but oil and metals fell sharply and USD gained as Trump administration announced the plan to impose tariffs on additional USD 200B of Chinese imports as follow up action to Section 301 investigation.
The list of targeted products is released, including consumer items such as clothing, television components and refrigerators as well as other technology products. There will be 10% tariffs on the products, which could come into effect after public consultations end on August 30. After imposition, the Section 301 tariffs will cover as much as half of Chinese imports to the US.
China said that it will take the “necessary counter-measures and resolutely safeguard its legitimate rights and interests”.
Chinese Ministry of Commerce said in a statement that it’s “shocked” and finds it “totally unacceptable” as the US accelerates the trade war escalation. It warned that the “irrational” action is “hurting China, hurting the world, and hurting itself. Also, China pledged to make “necessary counter measures” and call on the international community to defend against “trade hegemonism”. It will also file a complaint to the WTO again US unilateralist action.
Pound embraced the departure of Brexit Minister Mr Davis and Foreign Secretary Mr Johnson, who was adopting an hardline approach to EU. However, Pound was volatile as the news broke out about the resignation of UK Foreign secretary.
UK GDP rose grew 0.3% mom in May and 0.2% in the three months to May.
European commission cut Eurozone growth. 2018 GDP is projected to grow 2.1%, revised down from Spring forecast of 2.3%. 2019 growth is projected to grow 2.0%, unchanged. On Eurozone inflation, 2018 CPI is projected to be at 1.7%, revised up from 1.5%. 2019 CPI is projected to be at 1.7%, revised up from 1.6%.
ECB minutes recapped that “policy rates would be kept at their present levels at least through the summer of 2019 and in any case for as long as necessary to ensure that the evolution of inflation remained aligned with a sustained adjustment path”.
Our analysis of the Global situation:
So far, So good for Equities as it is bought on dips despite trade war escalation. There is no panic yet in Equity markets. Yet, the long term effect is to come. Tariffs can either raise the consumer prices and hence inflation and hasten rate hikes or create more business uncertainity leading to cut in investments and jobs and hence the opposite action on rates.
US economy has remained robust till now with employment reaching full potential and Core PCE index climbing to Fed’s target of 2%. Fed is yet to take a full measure of trade tariff impact as it remains to be seen as to how tariff war will play out.
Global growth can be hurt by US protectionism. Fall in base metal prices, particularly Copper bodes warning signal to Global growth.Fall in Oil price is the major blessing in disguise for consuming nations like India. USD has benefitted the most in this uncertain environment unlike previous times when Swiss Franc, Gold, Yen and US treasuries gained on Global uncertainity.Despite future misgivings on tariff impact on US economy and USD, at present King Dollar reigns supreme.
Important developments for next week: US follow up action on trade tariffs
Important levels to watch for are: 1) EUR/USD: 1.15 on the downside and 1.1850/1.1960 on the upside. 2) USD/INR Supports: 68.30/67.70 on the downside and 69.10 on the upside.
-Indian Nifty closed at 11018.
-Gold closed at 1241 and WTI Crude closed the week at USD 70.56.
-Indian 10 Year G-SEC closed the week at 7.78%. US 10 Year Yield closed at 2.83%.
Data Highlights of last week:
-US PPI climbed 0.3% m/m.
-US CPI climbed 0.1% m/m and weekly jobless claims dipped to 214k.
-EU industrial production climbed 1.3% m/m.
-EU sentix investor confidence climbed to 12.1, better than expectation.
-German Zew survey declined steeply to -24.7. EU Zew sentiment survey also declined to -18.7.
-UK industrial declined -0.4%m/m and manufacturing production climbed 0.4% m/m.
USD/INR : Spot closed above 100 and 200 day major moving averages. 20 day moving is at 68.52. 50 day moving average is at 67.93. 200 day moving average is at 65.55. Daily MACD is in sell zone, implying top at 69.09 . Important support zone is at 68.30 and later at 67.70. Important resistance is at 69.10. Spot closed above its average level of the day.
EURO/USD: The pair is below all major moving averages. Next Major resistance is at 1.1850 and later at 1.1960. Major support is at 1.1508. Daily MACD is in buy zone, implying an important bottom at 1.1508. Weekly MACD is in sell zone, implying important top at 1.2560.
GBP/USD: Trend is bearish in daily chart. Daily MACD is in buy zone, implying important bottom at 1.3050 and weekly MACD is in sell zone, implying important top at 1.4375. The pair is trading below all major moving averages. Important resistance is at 1.3365 and later at 1.3475/1.3650. Important support is at 1.3050.
USD/YEN: The pair is above major moving averages. Daily MACD is in buy zone, implying important bottom at 109.35. Next important support is at 111.40/110.85. Important resistance is 113.70.
Strategy for USD/INR: USDINR payables can be covered from cost angle and exports can be covered.
Suggested Portfolio: 1) Sell USDINR on rally with stop loss at 69.10.
Hedging suggestion: Considering the volatility in the markets, suggest hedging of Currency exposures be done from costing/affordability angle.
|Currency Pairs||WEEKLY CLOSE||PRIOR WEEK CLOSE||% change|
Data and Events for upcoming week: US Data: Retail sales, Ny and Phily Fed mfrg indices, Industrial production, TIC purchases, building permits, housing starts, beige book, weekly jobless claims EU data: CPI UK: unemployment rate, CPI, RPI, PPI ,retail sales and public sector net borrowing Japan: CPI


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Joules Group PLC (JOUL) Insider Jill C. Little Purchases 10,000 Shares of Stock
Joules Group PLC (LON:JOUL) insider Jill C. Little acquired 10,000 shares of Joules Group PLC stock in a transaction dated Friday, September 29th. The shares were purchased at an average cost of GBX 267 ($3.54) per share, with a total value of £26,700 ($35,415.84).
Joules Group PLC (JOUL) opened at 265.00 on Tuesday. Joules Group PLC has a one year low of GBX 170.00 and a one year high of GBX 322.50. The firm’s market cap is GBX 231.88 million. The company’s 50-day moving average is GBX 293.49 and its 200 day moving average is GBX 284.92.
The company also recently declared a dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, September 21st will be paid a dividend of GBX 1.20 ($0.02) per share. This represents a yield of 0.43%. The ex-dividend date is Thursday, September 21st.
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JOUL has been the subject of a number of research reports. Peel Hunt reiterated a “buy” rating and set a GBX 330 ($4.38) price objective on shares of Joules Group PLC in a report on Wednesday, July 26th. Liberum Capital restated a “buy” rating and issued a GBX 350 ($4.64) target price on shares of Joules Group PLC in a research note on Thursday, July 6th. Beaufort Securities restated a “buy” rating on shares of Joules Group PLC in a research note on Thursday, July 27th. Finally, FinnCap reaffirmed a “buy” rating and set a GBX 300 ($3.98) price target on shares of Joules Group PLC in a research report on Tuesday, July 25th. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of GBX 316 ($4.19).
Joules Group PLC Company Profile
Joules Group PLC is engaged in the design and sale of lifestyle clothing, related accessories and a homeware range, through the multi-channel business structure embracing retail stores, e-commerce, county shows and events and wholesale. The Company has three segments: Retail, Wholesale and Other. The Retail segment includes sales and costs relevant to Stores, E-commerce, Shows and Franchises.
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The third weekend of November is my favorite weekend of the year. Every year on November 22nd Progressive kicks of the International Motorcycle Show (IMS) in Long Beach, California. Or as I like to call it “Motorcycle Christmas”. This event is a chance for riders to get together and not only check out the latest and greatest bikes, but also explore other aspects of the motorcycle community.
On top of the booths displaying the hottest bikes of the coming year the convention hall is packed with aftermarket suppliers, gear vendors, educational demos and riding organizations. Outside food trucks, stunt shows, and demo rides give attendees a chance to escape the jam-packed show floor.
The Heavy Hitters
Honda came out swinging for the 2020 model year with the CBR1000RR-R Fireblade SP. Honda’s big claim for the new CBR is that it embodies the spirit of, “Born to Race”. To this end, the brand new ‘blade will roll out of showrooms with 215 horsepower and 85 peak torques with a wet weight of 443 pounds.
This should give the Fireblade class-leading power to weight. Design changes to the chassis should help with flex under braking and cornering. Honda claims that this will give riders a better front-end feel at pace.
The new six-axis IMU supports a full suite of rider aides from standard ABS to electronic Ohlins suspension. The redesigned ‘blade is coming to the US market as a top-of-the-line model. While the current model will continue to sell for those less focused with on-track performance.
Although the new CBR was the hot item for the day Honda was also proud of its entry-level bikes. The Rebel 300 and 500 accounted for an increase of 7 percent with 29 percent of those purchases being new riders. Given the constant talk about needing to grow the new rider segment, these figures are rather promising.
The Rebel twins aren’t getting a major overhaul for 2020, but Honda has given the bikes a few tweaks based on rider feedback. Stiffer springs, a new gauge cluster, and a fresh host of accessories give the Rebel(s) a new feel for 2020.
Regardless of trim, the new AT is gorgeous
A pair of new Africa Twins (AT) adorned the back of Honda’s booth. The AT is pretty much all-new for 2020. With a major change being the distinction between the offroad-focused base AT and the long haul oriented Adventure Sports trim. The base AT now has a slimmer profile, a five-gallon tank, and a more focused suspension. While the Adventure Sports has a taller windscreen, larger fuel tank, armor, and luggage racks equipped by the factory.
The madmen at Yamaha actually did it. Finally did it, I should say. Yamaha has announced that the Teneré will be hitting showroom floors in 2020 as a 2021 model. They have even been so bold as to give us a price: $9,999. A sub-10k adventure bike is a very attractive proposition for riders.
Riders will have a chance to bomb around backroads courtesy of 8.3 inches of travel up front and 7.8 inches of travel in the rear. The front and rear suspension will both be fully adjustable to help customize the ride for each rider. Propelling the Teneré is a revised version of Yamaha’s 700cc parallel-twin, putting out 75hp and 50lb-ft, which should give the bike a decent range with 4.2 gallons. Yamaha hasn’t released the final weight just yet.
However, the Teneré eschews a fancy TFT display and electronic rider aids in exchange for simplicity and reliability. Yamaha claims the choice was made in the name of ruggedness, however, ABS will come standard.
Yamaha was quick to show off a “kitted out” Teneré
A representative of Yamaha was confident that this would be one of the very first 2021 bikes to be available to the public. Which would be nice considering the length of time Yamaha has tempted us with this bike.
The Noale brand came out in full swing for 2020 looking to change the face of the middleweight market as we know it. The new RS 660 seeks to become the new track day or back road weapon for interested riders.
The parallel-twin has a claimed power output of 100 hp and at a dry weight of 372 pounds means the new RS is going to be a real handler. Aprilia didn’t just stop with a firecracker engine and a tight chassis; as the 660 will also be packing their impressive APRC electronics suite.
This electronics package powers IMU-based traction control, wheelie control, cornering ABS, switchable rider modes, an up and down quick-shifter, and cruise control. It also has a 5″ TFT dash, Brembo brakes, and LED lighting.
The only question left to answer is, “what is this little twin going to cost”?
Adventure bikes aren’t going anywhere
These days almost every manufacturer has an adventure bike in their line-up. There was even a whole section of the convention hall dubbed the “Adventure Out!” area. Where individuals could check out off-road gear, listen to speakers from the ADV-sector, even interact with the folks Backroad Discovery Route (BDR).
The manufacturers are diversifying what they consider an “adventure” bike as well. With BMW expanding its adventure sports lineup with the F900 XR. Suzuki introducing the new VStrom 1050 with a road-focused base model, and a series of exciting concepts from varied manufacturers.
Adventure bikes have overtaken large sections of the motorcycle industry already with no signs of slowing down. In my opinion, this isn’t necessarily a bad thing. Suzuki promoted the new VStrom 1050 as a motorcycle leatherman, a “tool for all jobs”.
TFT (Thin-film-transistor) dashes have been around for a few years now, but they are no longer just for expensive, top of the range bikes. The screens on bikes have been getting better and better for years and with the advancements in electronics on bikes, they are more useful than ever.
These days nicer screens can be found on anything from Ducatis to KTMs to Hondas and throughout the line-ups of the respective manufacturers. This aids to give bikes of all price points and styles an upscale feeling.
TFT dashes have gotten larger, easier to read, and more useful in their dissemination through the motorcycle industry. With manufacturers like Honda adopting Apple Car Play on some of their models, they seem to be the next level
Small displacement bikes aren’t the only thing for new riders on display at the IMS. For instance, the “New Rider Zone”, “Discover the Ride: Next Steps”, and “New to 2” areas give people new to motorcycles the chance to interact with bikes in a more meaningful way. Given the focus on gaining ridership across the motorcycle industry to see such a focus put on by the show is encouraging.
Every manufacturer has an entry-level bike, most have quite a few to select from, but the barrier into motorcycling can be quite steep for the uninitiated. Events like the IMS provide a good opportunity to take your friend who has been asking about riding,


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The Ford Mustang ended the year not only selling the most cars in December but also for the year.
Sales figures showed that Ford sold 7,064 cars in December and had a total of 105,932 for the year in sales.
Although Ford sold the most in the muscle car segment, its sales actually dropped by 13.4 percent when looking at sales from 2015 to 2016. The Mustang saw the largest decrease in total sales when looking at those two years.
The Chevrolet Camaro saw a decrease of 6.2 percent while the Dodge Challenger saw a decrease of 3 percent when looking at sales figures from 2015 and 2016. The Chevy sold 72,705 of the Camaro in 2016, while Dodge sold 64,433 of the Challenger.
The position of the overall sales figures also reflected how the Camaro and Challenger did during December. The Camaro came in with the second highest number of sales with 7,000 sold during the month, while the Challenger came in last with 5,257 sold during December, sales figures showed.
When looking at figures from December 2015 and December 2016, the Camaro saw the most increase with 30.5 percent followed by the Challenger with 15 percent. The Mustang saw a decrease in sales when comparing the two months with 19.2 percent less vehicles sold in December 2016.
For a complete look at how the muscle cars sold, see the chart below.
Muscle Car Sales – December 2016
|Dec 2016 #||Nov 2016 #||Dec ’16/Nov ’16 %||Dec 2016/2015||YTD 2016 #||YTD 2016/2015 %|
Check out this TFL Hot or Not video of the Ford Mustang and the Chevy Camaro:


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The now-ubiquitous shoe-hero alleges a severe prison beating as the case reverberates through the Iraqi Parliament. Meanwhile, the American media jerks itself off laughing about those ungrateful A-Rabs. Either way, someone’s gettin’ paid. The previously anonymous “Model 271,” a standard-issue black leather Oxford, is flying off the shelves of its Turkish maker. Orders have skyrocketed in the past week, with the company taking full advantage of the situation:
“Five thousand posters advertising the shoes, on their way to the Middle East and Turkey, proclaim “Goodbye Bush, Welcome Democracy” in Turkish, English and Arabic.”
Serdan Turk, general manger of Baydan Shoes, praised the outgoing president:
“Mr. Bush served some good purpose to the economy before he left.”
Now, if someone would just hit Cheney with an American-made car.


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Stocks Ended Higher after Tariff Delayed
-- Tuesday, August 13, 2019, 16:39 --
U.S. stocks jumped after the Trump administration announced it would be delaying tariffs on certain goods from China beyond the previous September 1 deadline. The Dow Jones Industrial Average rose 372.54 points, or 1.44%, to 26,279.91. The S&P 500 gained 42.57 points, or 1.48%, to 2,926.32. The Nasdaq Composite advanced 152.95 points, or 1.95%, to 8,016.36.
Oil futures rallied on Tuesday, sending U.S. prices up by 4% to their highest finish in almost two weeks. West Texas Intermediate crude for September delivery rose $2.17, or 4%, to settle at $57.10 a barrel. October Brent crude added $2.73, or 4.7%, to $61.30 a barrel.
President Trump delayed the new tariffs on a large batch of Chinese imports that were supposed to go into effect Sept. 1, and exempted some other Chinese imports altogether. The move deescalates Trump’s trade war with China, and amounts to a tacit acknowledgement by Trump that his tariffs might hurt American consumers too much.
Tilray (TLRY) reported wider-than-expected losses in its fiscal second quarter, while sales surged as acquisitions earlier this year padded the Canadian cannabis company’s top-line results. Tilray’s quarterly sales of $45.9 million were up more than three-fold from the year prior.


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Created as an alternative to mercerization, Liquid Indigo is estimated to eliminate 700,000 pounds of sodium hydrosulphate, a bleaching and reducing agent used in denim production, from being dumped in the environment, according to Twin Dragon. Liquid Indigo also has better color saturation compared to powder indigo, plus increased shade consistency and colorfastness to light and home laundering.
Eco Finish is a finishing process that utilizes specialized machinery that significantly reduces water consumption by eliminating the need for a rinse and de-size step in the garment production process, resulting in 95 percent water and chemical savings.
Twin Dragon said the finish provides a cleaner, better defined and softer hand than previous mercerized raw denim and that Eco-Finish goods will eliminate 95 percent of the water and chemicals needed in processing.
Dominic Poon, CEO of Twin Dragon Marketing Inc., said, “Twin Dragon is constantly working on ways to lessen our impact on the earth, constantly analyzing what we can do better, where we can save and what caustic environmental processes we can eliminate. Development is now progressing at our Asian facilities using Eco-Finish and Liquid Indigo, replicating these initiatives we made in Mexico a year ago.”
The company added that it continues to also use Tencel denims and twills, noting new men’s Tencel blended denims. In addition, the company’s Mexican and Asian denim and twill makers will now only utilize Repreve recycled polyester, replacing any existing virgin polyester fibers in blended fabrics in all future developments.
Headquartered in Los Angeles, Twin Dragons has an annual global production capacity of more than 80 million square yards, with facilities in Mexico, China, Taiwan, Pakistan and Africa.


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While discouraging, this finding isn't particularly surprising, coming amid long-term declines in print circulation and advertising.
According to the USC survey, 56% of Internet users said they considered print newspapers to be "important" or "very important" sources of information. That's down from 60% just two years ago.
In the latest survey, print newspapers trail the Internet, at 78%, and TV, at 68%, as important sources of information. Somewhat paradoxically, Internet users expressed a fair amount of distrust for content which appears online, with 61% saying less than half this "information" is reliable, and 14% saying that little or none of it is reliable. (This last figure is up from previous years.)
Also, 18% of Internet users have stopped subscribing to a newspaper or magazine because they can get the same (or equivalent) content more conveniently or at lower cost online.
Almost one-quarter -- 22% -- said they would not miss their print newspaper if it ceased publication. Tellingly, only 37% said they would switch to another paper in this hypothetical scenario.
In terms of advertising, a large majority of Internet users -- 70% -- said they find online advertising "annoying." But it appears to be better than paying for online content: 55% said they would rather have free content supported by online advertising than paid content.


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Visit Archroma at ITMA, hall 3 booth C153, from 20 to 26 June 2019 in Barcelona, Spain.
A technology collaboration between SPGPrints and Xaar will be showcased to a select group of visitors at ITMA 2019. The invitation-only event on the SPGPrints stand (H3-B203) will focus on a technical demonstration of the latest innovations in single pass dye-sublimation printing, giving guests a sneak preview of the new Xaar 5601 printhead together with the waterborne sublimation inks that SPGPrints created specifically for this printhead.
The British Fashion Council (BFC) is delighted to announce the launch of its new campaign “This is London”; celebrating community, diversity & culture at London Fashion Week Men’s June 2019. Shot by London based photographer Markn, the campaign is a collection of 12 images and includes a diverse selection of people from the worlds of art, music, fashion, film & sport. The campaign features a mix of globally established names and current tastemakers, all driving forward London’s culture and reputation, representing the city in their own unique way. The campaign is a testament of the city’s ...
● R&M International awarded President’s “E” Award for Exports.
● Highest recognition any U.S. entity can receive for contributions to expanding U.S. exports.
● 79% of R&M sales are generated from exports.