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The recent publicity surrounding Nokia’s decision to adopt Windows Phone as its primary smartphone platform hasn't stopped the company from pushing ahead with its latest Symbian flagship device, the E7 which goes on sale in Australia this week.
The Nokia E7 is available today from retailers for $929 and will be on Optus and Vodafone in April.
The E7 is similar to the last Nokia smartphone, the N8, with the most notable difference being the addition of a slide-out QWERTY keyboard.
Its specs include a tilting four-inch touch screen AMOLED display, HDMI, micro USB, Bluetooth 3.0, 16GB of flash memory and an eight megapixel camera.
Running, Symbian^3, the E7 does what a lot of Android handsets do by integrating social network services and supports third-party apps through the Ovi app store. For developers Java and Qt are available.
Last month Nokia announced an alliance with Microsoft to ship Windows Phone OS as its primary smartphone platform. With the first handsets yet to be released, Nokia’s E7 continues the Symbian device roadmap.
The N97 and N97 Mini are the previous generation of Symbian handsets with hybrid touch screen and slide-out QWERTY keyboard.
Nokia is pitching the E7 as an ideal mix of business and pleasure with integrated Mail for Exchange, Quickoffice, VoIP support and a location-based theft control feature.
The ability to view PDF files with Adobe Reader is also a feature.
Nokia Australia managing director, Chris Carr said the smartphone is now the primary business device for many Australians, but business users – like all consumers – don’t just want functionality, they expect “flexibility, reliability and style”.
“Nokia has always believed in creating a range of handsets that meet specific needs of different consumers – for the business user, the Nokia E7 gives new meaning to the mobile office,” Carr said.
Like its other Symbian handsets the E7 ships with Ovi Maps for free.
The E7 is 123cm by 62cm and weighs 176 grams. Available colours are dark grey and silver white with blue and orange coming later this year.
Follow Rodney Gedda on Twitter: @rodneygedda
Follow TechWorld Australia on Twitter: @Techworld_AU


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After bombing Flipkart with raids and notices, now Enforcement Directorate is ready to pull the trigger at Myntra. According to an Economic Times report, the eCommerce retailer is under the scanner for reasons similar to Flipkart’s case.
Launched in 2007, Myntra started off as an online retailer and then switched to a marketplace model. Till date, the company has raised USD 125 million including the recent USD 50 million from Premji Invest.
The officials are busy in probing and deciding upon whether a show cause notice to be issued or not, reveals HT. Myntra, on the other hand, seems ready to handle all grievances.
Also Read: Is Flipkart really guilty?
It’s not for the first time that eCommerce space in India has come under surveillance. Last year, the founders of etailer Timtara were arrested under three cases registered against them by Economics Offence Wings and Janakpuri police station. Also, the warehouse of online marketplace Naaptol was raided by Legal Metrology Department in mid 2013.
Well, we are no longer stuck to ‘who is guilty’ part. However, with Indian eCommerce industry expected to reach USD 24 billion by 2015, it’s worth analysing, why this all came suddenly when both the companies are on top of their growth curves? Flipkart recently hit the USD 1 billion GMV while Myntra is poised to cross that mark soon.
If talked about the funding, than, it has been more than 6 years that they are in operation. Both have raised large sums of money in not only one but many rounds. Then, why these allegations were not made earlier?
Is this because our system has a habit of waking up late? Or the company’s management is so smart that it managed to evade ED? In case Myntra too is proven guilty for breaching the rules, will other players like Yebhi, Jabong and Snapdeal also have to suffer the similar fate?
To contact the author, email at firstname.lastname@example.org

domain: news


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Theme parks have begun making concrete plans to reopen. Las Vegas casinos have done the same, as have hotels all over the country. These join restaurants that have begun welcoming customers, and retailers that have thrown open their doors as society heads haltingly toward a new normal with face masks, limited capacities, and social distancing guidelines in place.
The three major cruise lines -- Royal Caribbean (RCL 16.65%), Carnival (CCL 13.29%), and Norwegian (NCLH 16.84%) -- want to take the same path and get their ships back out to sea. Carnival has even listed August 1 as the day it plans to restart operations, and Royal Caribbean has hinted at a similar timetable.
That's encouraging for shareholders and fans of cruising, but it may not be realistic. The precautions that work in a restaurant won't be enough to keep thousands of people living in close quarters for multi-day periods from spreading coronavirus. That makes it very difficult to picture the U.S. Centers for Disease Control and Prevention (CDC) allowing cruising from U.S. ports in a way that makes sense for consumers and cruise lines.
The dilemma facing the cruise lines
All three publicly traded cruise lines plan to step up health checks for customers. This will include temperature screening and more extensive reviews with medical professionals where needed. That goes along with stepped-up cleaning measures, revamped buffets, and, likely, constrained capacities.
Those measures, however, can't account for what happens if someone shows symptoms onboard. It seems likely that rapid testing could be available. In the event of a positive test, that person can be quarantined -- but he or she may have already spread the virus. If that happens, what will the procedure be? Will the whole ship be locked down? Would customers be stuck onboard?
All three cruise lines need to make a clear plan for getting exposed customers off a ship and safely into a self-quarantine situation. That's something the CDC will want to know, and it's relevant information for potential cruisers who fear being stuck onboard.
It's possible that there are procedures that could be put in place to deal with this, but it gets complicated when you factor in people traveling by plane to take a cruise. Many passengers, at least in the early days, will be local, and they can exit the ship, drive home, and self-quarantine.
That's harder to do for out-of-state customers. Will the cruise lines quarantine those passengers in a hotel? Might they fly them home on charter planes, or drive them in specially equipped vehicles?
None of those solutions are cheap, and they're not easy to implement even if the cost weren't an obstacle.
Should you buy cruise line stocks?
All three companies have taken major steps to increase their liquidity to survive longer without revenue coming in. At some point, however, not being able to cruise may lead to more drastic measures, including bankruptcies.
Royal Caribbean, Carnival, and Norwegian need two things to be able to turn their businesses around. The first is, of course, CDC approval to cruise. The second is for consumer demand to return.
Diehard cruisers who live near terminals will likely be the first to come back. Those regulars, however, generally pay lower prices, and some even get comped. To succeed in the long-term, the cruise lines need casual customers to come back. They probably will, but when remains a major question.
There's some long-term upside in buying cruise line stocks if you have the investing mentality to take on risk. If these companies can't cruise or customers are slow to come back, though, bankruptcies remain possible.
Before the pandemic, these companies were profitable. They could be again -- and that makes them investable -- but it's important you know that along with big upside comes major risks.


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50% of respondents think cars with autonomous driving
capabilities could make UK roads more dangerous
50% of consumers stated that they do not envisage purchasing a car equipped with autonomous capabilities in the next 10 years
Car manufacturers urged to do more to educate consumers on safety features in autonomous driving vehicles
CAMBRIDGE, UK – A survey of 2000 UK consumers (78% motorists) conducted by YouGov and commissioned by FocalPoint, the provider of high-performance positioning technologies for vehicles, smartphones and wearables has revealed that fifty percent of those surveyed think that vehicles relying on cars with autonomous driving capabilities would result in UK roads becoming less safe.
Despite the many safety benefits of cars with autonomous driving capabilities, including advancing driving assistance capabilities, consumer adoption could be impacted by low levels of confidence in the technology, with only 24% of the consumers surveyed feeling that cars with autonomous capabilities would improve safety on the roads.
However, vehicles equipped with ADAS are growing in popularity. It is predicted that the global market for ADAS will increase from $27 billion this year to $83 billion by 2030, according to research by Markets and Markets, which represents an impressive 12% annual growth rate for semi-autonomous driving systems.
ADAS functionalities can change the driving experience. According to research by LexisNexis Risk Solutions, ADAS vehicles showed a 27% reduction in bodily injury claim frequency and a 19% reduction in property damage frequency.
One of the most significant concerns among UK consumers surveyed is the impact of illegal Global Navigation Satellite System (GNSS) ‘spoofing’ on driver assistance and autonomous driving systems. Spoofing is a form of cyber attack that targets satellite positioning systems such as GPS. Spoofers attack vehicles by broadcasting fake satellite signals to override legitimate satellite signals, confusing the GNSS receiver and causing potentially harmful disruption to the vehicle’s positioning systems.
With autonomous vehicles reliant on accurate navigation, time synchronisation and coordination with other vehicles, spoofing also has the potential to disrupt multiple autonomous vehicles simultaneously and eighty-two percent of those surveyed believe that spoofing will have a detrimental effect on road safety as assisted driving applications and autonomous vehicles become increasingly available.
Commenting on the research Scott Pomerantz, CEO of FocalPoint, said: “Our automotive customers want to solve the critical issue of safely extending the availability of advanced driver assistance systems (ADAS) into more locations, especially cities. To achieve this, OEM’s need to have confidence in their positioning system.”
Scott Pomerantz continues: “At FocalPoint, we have developed groundbreaking SupercorrelationTM technology - S-GNSS® that enables a new class of performance and trust in a satellite positioning receiver. By measuring the direction of the incoming signals, it allows the receiver to ignore reflected signals as well as fake ‘spoofed’ signals. This makes them incredibly accurate and reliable in cities, and more resilient against spoofing attacks. FocalPoint’s unique technology can instantly detect fake signals as spoofers, ignore those signals, and pinpoint where in the physical environment the signal is coming from. It is the only consumer-grade product in the market capable of these unique features.”
FocalPoint develops groundbreaking technologies that boost the accuracy, reliability and security of radio receivers. FocalPoint partners with Chipset manufacturers and OEMs to enhance the capability of their devices, helping to improve the lives of billions of people who rely on location technologies including smartphones, wearables and autonomous vehicles.
Founded in 2015 by Dr. Ramsey Faragher, the company is headquartered in Cambridge, with offices in Bristol and the US. FocalPoint’s technologies are multi-award winning, including Security Innovation of the Year at the 2023 National Technology Awards and the Royal Institute of Navigtation’s Technical Innovation Award. The company was named Europe’s Hottest Spacetech Startup in 2020. Their research and technical teams are recognised by the UK Royal Institute of Navigation and the US Institute of Navigation.
Its Supercorrelation™ technology is in advanced trials with several major device manufacturers.
Investors include Molten Ventures, Gresham House, Passion Capital, IQ Capital, Cambridge Angels, Cambridge Enterprise and GM Ventures.
This press release was distributed by ResponseSource Press Release Wire on behalf of Intelligent PR in the following categories: Consumer Technology, Motoring, Business & Finance, Travel, Manufacturing, Engineering & Energy, Computing & Telecoms, Transport & Logistics, for more information visit https://pressreleasewire.responsesource.com/about.


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Online banking fraud increases by 71% in a year - and surging numbers fall victim to sneaky telephone scammers
- Online fraud is a major headache for banks who are pushing digital future
- Telephone scams are also on the rise as This is Money sees surge in cases
- Fraud on UK cards reach £248m - 15% higher than last year
Online banking fraud has exploded in 2014 with £29.3million worth of damage being done in the first six months, 71 per cent higher than at the same period last year.
In a major headache for banks who are trying to move away from branch banking, telephone fraud also soared to £6.6million, up 20 per cent on last year, according to the data from Financial Fraud Action UK.
Several small businesses have contacted This is Money recently after being targeted by online fraudsters and scammers. The FFA UK report confirms that criminals are targeting business accounts because they typically allow ‘higher value fraudulent transactions.’
Major headache: Online banking fraud soared in the first-half of the year as banks push us towards a digital future
A worrying trend has been the rise in criminals calling people at home while posing as the bank, police or representatives of other trusted departments.
These cold calls typically involve the fraudster tricking their victim into revealing personal or financial information, such as their four digit PIN or online banking details, transferring money into another account or accepting a courier into the home to pick up a bank card.
Research shows a quarter of customers do not take steps to challenge the identity of a cold caller, with this figure rising to 34 per cent of 18-24 year-olds.
FFA UK intelligence also shows an increasing number of criminals are using computer viruses to steal personal and financial information, another theme that This is Money has picked up on in the last 18 months.
FFA UK says it strongly endorses the call to action by the National Crime Agency last month for people to download and update their security software and also urges customers to download software offered by their bank.
Detective Chief Inspector Perry Stokes, head of the dedicated cheque and plastic crime unit, said: ‘Be very suspicious of phone calls, texts or emails which come out of the blue asking for personal or financial details, regardless of who they claim to represent.
‘Be aware of the warning signs: your bank will never ask you for your 4 digit PIN, to transfer or withdraw money, or to give your card to a courier.
‘We are asking members of the public to pass this information on to any family and friends who may be unaware, and echo calls made last week by the Commissioner of City of London Police for a national awareness-raising campaign led by government.’
Figures show losses on UK cards totalled £247.6million in the first six months of the year – 15 per cent higher than 2013. Fraud as a proportion of spending, has, however, remained flat at 7.4p for every £100 spent.
Losses on remote card purchases – those made online, over the telephone or by mail order – rose to £174.5million in the first six months, up 23 per cent on last year, with e-commerce fraud making up £110million of this.
FFA UK says while this is significant, it needs to be viewed in the context of the increase in internet shopping, with spending up from an estimated £40.5billion in the first half of 2013 to £47billion this year.
Elsewhere, cheque fraud fell 34 per cent in a year while counterfeit card fraud rose by four per cent in the first half of the year.
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GRAND RAPIDS, Mich. -- Spartan Stores here is facing a stepped-up challenge from an investor group pushing for the sale of the company.
Loeb Partners, New York, which has previously urged that Spartan be sold, is now attempting to get a pair of nominees elected to the company's board of directors at the distributor's annual meeting, which is scheduled for August.
Loeb also hopes to effect a change in Spartan bylaws that would allow it to ask shareholders to vote on a proposal calling on management to seek a sale of the company, though it was unclear last week if Loeb would meet the deadline for including that proposal in Spartan's proxy. The investment company said in filings with the Securities and Exchange Commission it believes Spartan is undervalued and could maximize its return to investors by seeking a buyer.
Industry observers have speculated either Supervalu or Nash Finch, both based in Minneapolis, might be interested in acquiring Spartan because of its strong customer base in Michigan.
Jeanne Norcross, a Spartan spokeswoman, acknowledged Loeb is the company's largest single shareholder, "and they've shown a very definite interest in our company.- We continue to communicate with them about their interest in Spartan Stores, and we are aware of their desire to see some additional names in nomination for the board of directors."
She declined further comment, citing SEC guidelines. A Loeb representative declined comment when contacted last week by SN.
Peter Lewis, director of research, Towle & Co., St. Louis, which was Spartan's largest shareholder before Loeb stepped in, told SN that it applauds Loeb's efforts to maximize Spartan's value to investors, although Towle itself has not put pressure on Spartan's management to seek a sale.
"That doesn't mean we don't support somebody trying to get a fire going and realize some value," he said.
"We've been in touch with management regularly," he added. "I think they've made great strides, but if they can realize [full value for the stock] more quickly, that would be great."
Spartan's share price has nearly doubled so far this year and has more than tripled in the last 12 months. In recent trading it has exceeded $12 per share, close to the $13 minimum value Loeb in February said the company should be worth.
Given Spartan's continued strong performance, Lewis said Towle & Co. is "hopeful" that the stock could hit $15 or more.
"We looked at it compared to other grocers and other wholesalers, and it's fairly valued by some measures compared to competitors," he said. "It's not excessive or anything, so we hope to see it keep going. We don't think it's done here."
Lewis said Towle receives offers at least once a week from traders interested in buying its position in Spartan.
Loeb began accumulating Spartan stock in December and owns more than 7% of the shares outstanding.
In proxy filings with the SEC during the past several weeks, Loeb nominated two directors to Spartan's board: Eugene I. Davis and Timothy Bernlohr, neither of whom is affiliated with Loeb, the company said.
Davis, 50, is chairman and chief executive officer of Pirinate Consulting Group, Livingston, N.J., a consulting firm "specializing in crisis and turnaround management, merger and acquisition consulting, hostile and friendly takeovers, proxy contests and strategic planning advisory services for public and private business entities," according to the filing.
Bernlohr, 46, was listed as the president and CEO of RBX Industries, a manufacturer and distributor of rubber and plastic foam materials.
Neither man could be reached for comment. A person answering the phone at RBX said that company no longer exists and has been subsumed by Rubbertex International, Bedford, Va.
Davis also previously worked at RBX and was its chief restructuring officer during a bankruptcy in 2001.
Three director seats will be open at this year's annual meeting.
In addition to seeking to place its two nominees on the board, Loeb also said it wants voter approval to change the bylaws to allow management to sell the company. Spartan currently requires that proposals be submitted at least 120 days before the date of the proxy statement for the previous year's annual meeting. Since last year's proxy was filed Aug. 3, Loeb would have had to file its proposal by April 5 of this year.
In a letter to Spartan management filed with the SEC, Gideon King of Loeb explained, "We would very much like to submit a proposal which would create shareholder value by urging the board to maximize shareholder value by selling the company to the best and highest bidder, and we are formally asking you to accept this shareholder proposal for the shareholder meeting by changing or making an exception to the onerous 120 provision."


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Monday, September 26, 2016 – Friday September 30, 2016
On Monday, new home sales for August fell by 7.6% to an annualized 609,000 units, however, it was still considered a positive report because sales are up over 20% from a year ago. Investors were nervous awaiting the outcome of the first Presidential debate, and the markets fell, with the Dow Industrials closing down 166 points.
On Tuesday, the Case-Shiller home price index for July remained unchanged month-over-month and increased 5% year-over-year, while consumer confidence for September rose 2.3 points to 104.1, its highest level in 9 years. A deal to limit oil production looked bleak and U.S. crude futures dropped over 2.5% to settle at $44.67 a barrel. Market rose on the news and the Dow Industrials gained 133 points.
On Wednesday, durable goods orders for August remained unchanged, compared to the previous month’s 3.6% gain and the EIA petroleum status report for the week ending September 23rd showed crude oil inventories dropping by 1.9 million barrels. Oil surged with U.S. crude gaining over 5% to $47.05 a barrel on news that OPEC has reached a deal to cut production, its first cut in eight years. Markets rallied and the Dow Industrials closed 110 points higher.
On Thursday, the second revision of the second-quarter GDP gave an unexpected surprise, being upwardly revised by three-tenth’s of a percent to 1.4%. Jobless claims for the week ending September 24th rose 3,000 to 254,000. Banking stocks fell as the future of Deutsche Bank was called into question after being hit with billions of dollars in fines from the U.S. Department of Justice. Markets were down sharply with the Dow Industrials closing off 195 points.
On Friday personal income for August rose .2%, consumer spending remained unchanged, and the PCE price index rose .1%. Rumors also came out that Deutsche Bank was about to reach a settlement with the Department of Justice and markets rallied strongly on the news. Now let’s take a look at some stocks.
Shares of Fitbit Inc. (NYSE:FIT) plummet over 9% after it was revealed that sales of the company’s latest wearable device, called Charge 2, are off to a sluggish start. Also, health insurer Aetna’s deal with Apple to reimburse policyholders for the purchase of Apple’s iWatch doesn’t look good for Fitbit.
Nike Inc. (NYSE:NKE) posted solid first quarter revenue and profits that topped estimates, however, future orders fell short of estimates, raising concerns. Nike’s stock was down 11% this year at Tuesday’s close, the worst performer on the Dow Jones Industrial Average.
Clinical-stage biopharmaceutical, Galectin Therapeutics Inc. (NASDAQ:GALT) reported that its Phase 2a study called Nash-FX in regards to its GR-MD-02 therapy failed its main and secondary endpoints. The therapy is designed to help patients with various liver problems, including fatty liver disease and cirrhosis. Right after the announcement, shares of the company slid 50%.
Paychex, Inc. (NASDAQ:PAYX) announced its first quarter earnings, missing expectations. The company reported earnings per share of $0.60 on revenues of $785 million, compared to consensus estimates of $0.57 per share on revenues of $782 million. Shares were down over 4%.
Supply chain and electronics manufacturing services provider, SYNNEX Corporation (NYSE:SNX) has announced quarterly earnings beating analysts’ expectations. Shares were up over 7% after the company reported earnings per share of $1.73 on revenues of $3.7 billion, compared to consensus estimates of $1.56 per share on revenues of $3.5 billion.


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NAPA -- Wine e-commerce software developer and provider eWinery Solutions is expanding its headquarters to accommodate a 60 percent growth in revenue and 120 more winery clients in the past year.
An emphasis on selling more wine directly to customers had been growing in intensity in recent years for the profit potential, but "lousy" economic conditions in the past 18 months have made direct sales essential for wineries of various sizes, according to Ron Scharman, chief operating officer.
"That will continue this year," Mr. Scharman said. "All this wine bottled in 2006 with all these boutique brands, where are they going to sell their wine?"
Indeed, industry experts recently have forecast improvement in wine sales and that pricing will come in earnest in 2011.
[caption id="attachment_17912" align="alignleft" width="135" caption="Jon Fredrikson"][/caption]
Jon Fredrikson of Woodside-based Gomberg Fredrikson & Associates told several hundred industry professionals at the Unified Wine & Grape Symposium on Wednesday that a dramatic "reset" to consumer demand for high-end wines has occurred in the past 18 months. Taken together with a significant clogging of already constricted distribution channels and pressure from global competitors and lenders to reduce inventory quickly, a number of wine companies are looking to sell more wine directly to consumers.
eWinery Solutions provides Internet-based software that can manage Web sites, Internet and point-of-sale purchase fulfillment, regulatory compliance, preference-based marketing tools via e-mail and winery visit planners, telemarketing campaigns and allocations from one interface. These services are available as proprietary modules or as information gateways with technology partners such as Napa point-of-sale software developer Elypsis.
Last year, eWinery added features for allocations and winery visits. A module for allocation management was released when it became clear that some boutique producers who previously had sold all their inventory via allocation now were looking for direct-sales functionality such as a Web site shopping cart.
eWinery also formed a partnership with Napa software startup VinoVisit to allow eWinery users to accept reservations for winetasting visits via the Internet and to have consumers tell them more about themselves. As more consumers are doing more information gleaning via smart phones, eWinery plans to release a mobile application this year that will facilitate mobile transactions, as is common for everyday purchases in Japan currently.
[caption id="attachment_17978" align="alignright" width="358" caption="Ron Scharman, COO (left), and Dick Kline, CEO"][/caption]
Started by Chief Executive Officer Dick Kline in 2003, the company grew gradually with working capital from Bridge Bank of San Jose and a business model based on a sliding-scale software cost and flat monthly fees for service modules rather than a percentage of sales. The model, at first a money-losing enterprise, was designed to make it affordable for tiny wineries to start using and for big wine companies to keep using, according to Mr. Scharman.
eWinery Solutions now has more than 300 clients ranging from boutiques making 200 cases a year to large wine companies with millions of cases and dozens of brands. Clients include E&J Gallo, Brown-Forman Corp., Trinchero Family Estates, Far Niente, Araujo and Bryant.
"We're a seven-figure company," Mr. Scharman said, declining to be more specific about annual revenue.


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As the aftermath of Hurricane Sandy turns into a nearly week-long ordeal, people keep asking how our local businesses are being affected. With power still out and transit still in flux, it's hard to assess the true scope of the damage. But for restaurants in areas heavily hit by the storm, chefs and owners will tell you themselves: this is not a good time to be a small business owner.
We've been talking with food businesses about how the storm has affected them. Their inventory of current food has spoiled. Every day they're closed is a day without revenue to cover fixed costs like rent and payroll. And when the lights come back on and there's time for recovery, there will be costly cleanups and investments in new equipment to replace the damages.
Christophe Hille, the owner of Northern Spy Food Co. broke down just what that means for his company:
Every day that goes by is a huge loss to us due to lost income, continued fixed expenses, and payroll that we're extending. Our managers are on-call and will be paid but we cannot afford to float our hourly employees...The back-of-napkin estimates for us if we're closed seven days total:
$40,000 in lost income $6,000 in carried payroll $6,000 in lost inventory -$17,000 in products not purchased ------------------- $35,000 conservative estimate of cost of this event.
Earlier in the blackout, Northern Spy held an impromptu sidewalk buffet for neighbors, completely free of charge. It was a generous way to make sure food stock made its way into hungry bellies. But by now all the food has spoiled, and even if it hasn't, "there's no practical way for us to give it to anyone, because no one who could use it has power or transportation of their own." Other restaurants wish they could do the same. "We like to take care of our neighbors, and it's frustrating that we can't provide for them," remarked Harold Dieterle, whose West Village restaurants Kin Shop and Perilla are stuck in limbo until the power comes back on.
When your restaurant operates on low margins, a few closed days adds up fast. Sara Jenkins, the chef-owner of Porsena and Porchetta, estimates similar losses to Northern Spy's so far, with more piling up by the day. More businesses told us on Twitter how the past few days have affected them:
@seriouseatsny We are easily losing what amounts to a month or two of rent, not to mention the loss of everything in the fridge.
— Prohibition Bakery (@ProhibitionBake) October 31, 2012
@seriouseatsny tonight should have been our second busiest day of the year. No power. No biz.
— Mr. Dennehy's (@MisterDennehy) October 31, 2012
Even for those with insurance, it's far from a guarantee that these losses can be recuperated. And it's hard to estimate how far into the future, and how greatly, they'll hurt bottom lines. But for many, the rough answer is "a long time," and "a lot."
It's especially bad for restaurants that saw damages to their kitchen space and equipment. The Red Hook bakery and smokehouse of Mile End, for example, has been destroyed and is in need of serious repair. Also in Red Hook: the Red Hook Lobster Pound, which estimates hundreds of thousands of dollars in losses. They're getting help from local businesses with donations of labor and equipment, but "the biggest problem is gasoline" says the Pound's Sandy Kovich. "It's a crisis." With reserves running out soon and with no word yet on the return of electricity, all they can do is rebuild by hand. "We're very blessed," Kovich continues. "And we're very resourceful. We built the Pound once by hand, and we can do it again...That's what we do in Brooklyn. We help each other."
None of this accounting includes the impact on restaurant staff, many of whom work hourly and are without income for days. "I'm sure some of my guys who work two jobs are thrilled right now," says Jenkins, who employs 25 to 30 people between her two restaurants. "But by the time we're ready to open I'm sure they'll be ready to work fifteen hour shifts" in order to make up some lost income. Though the bulk of significant restaurant closures is limited to specific geographic areas, the storm has affected a staggering number of people who make their living in the food service industry. Sandy's damage will have many echoes and economic multipliers in the months to come, and this is one of them.
Some restaurants are doing the best they can in spite of grim prospects. Motorino was still selling pizza earlier this week, with dough mixed by hand in their dark kitchen. You don't need a wood-burning oven to serve drinks, only some candles and a steady source of ice, which is what Michael Neff's Ward III did in Tribeca. And Chinatown is starting to see the beginnings of recovery, with noodles cooked over gas flames.
Business above of the blackout zone north of 34th Street is, selectively, booming. Restaurants that didn't before are commanding hour-long waits as people flock to midtown, the Upper West, and the Upper East sides in search of power, cell phone service, and a full meal. This tweet kind of says it all:
For today and the coming week, being in food service just north of 30th St. is a killer business model.
— Northern Spy Food Co (@northernspyfood) October 31, 2012
It's great news for everyone seeing positives come out of this storm (not enough of those to go around). But as subway service is restored in parts of the city, and the luckier among us start moving towards something a little more normal, we should remember that others don't have the chance to move forward yet. "I can't do anything until I open, and I can't open until the electricity is back," Jenkins remarked.
You don't have to overthink it much to see what looks like parallel cities emerging. As uptown Manhattan and parts of Brooklyn start to get back on their feet, neighborhoods like the Lower East Side and Red Hook are still hurting. "It's like a whole other world north of 40th Street," Dieterle points out. "Like you're back in civilization." And that's to say nothing of flooded New Jersey, or Long Island, where as much as 80% of homes and business are without power. Or the Rockaways, which Kovich (who also lives there) claims "look like New Orleans [after Katrina]."
Once restaurants can re-open, "the biggest challenge for us is getting people to come back," says David Schneider of Oaxaca Taqueria, which has locations in lower Manhattan and Brooklyn. "You kind of lose momentum with people feeling comfortable eating out. Con Ed can throw the switch back on, but that doesn't mean you'll have people rushing out to eat."
So what can we do? Grubstreet has some great pointers on ways to help restaurants in need, including spreading your spending around, letting restaurant owners who might not know that they can apply for disaster assistance from FEMA, and volunteering for restaurants that need a hand. "If you can hold a hammer, come on down," says Kovich.
We'll repeat the message that we and others have been saying for a few days, in one form or another: eating out right now is essentially an act of public service. Particularly if you can do so in neighborhoods heavily affected by the storm, once power is restored and it's safe to travel. Your favorite restaurant in the East Village? Maybe it's time to pay another visit. That place you want to check out in Red Hook? Head there now. (Some links to bookmark monitoring restaurant openings.) Once you get there, consider it a conscience-free opportunity to splurge—perhaps you can order that extra bottle of wine. And certainly remember to tip extra generously; many service industry workers rely on those tips for basics like food and rent, and every bit counts.
Of course plenty of people can't afford to do that right now, or aren't able to eat out at all. But if you can, it's the most delicious way to make your dollar count.
All products linked here have been independently selected by our editors. We may earn a commission on purchases, as described in our affiliate policy.


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When Google announced its Chromecast TV device this summer, it promised that Pandora would eventually work with it. The day has finally arrived: The popular music app now offers an update in the Google Play Store that lets users pipe music through the thumb drive–shaped TV streaming device.
iPhone users get Chromecast streaming as well, although iPad users will have to wait for now. Pandora says it is “coming soon.”
This brings the total number of third-party Chromecast streaming apps to three, including Netflix and Hulu.


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A Reporter at Large
Is Amazon Unstoppable?
Politicians want to rein in the retail giant. But Jeff Bezos, the master of cutthroat capitalism, is ready to fight back.
The Political Scene
The French Economist Who Helped Invent Elizabeth Warren’s Wealth Tax
After doing more than just about any other economists to describe the powerful effect that accumulated wealth has on global inequality, Gabriel Zucman and his colleagues are now advocating for a solution.
Turkey, Syria, the Kurds, and Trump’s Abandonment of Foreign Policy
The President’s ignorance of the world has never been so blatant—or produced such bipartisan opposition.
Onward and Outward


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Bluei- a mobile accessories brand has launched its new stores in Cochin and Tirur, Kerala for Tier 2 cities. All the premium and mid-premium products are available in the store. The company also ensures better after-sales services for their customers. Catering to the pan India level of an authentic product, the store is away from all major polluting cities, ensuring quality and employability for all cities of Kerala.
Bluei is going to introduce a line of luxury Hi-Fi speakers in 2022. The new range of products is available at its website and Snapdeal key retail partners across India. The brand hopes now with the direct presence of Bluei mobile accessories in south India, we will be able to resolve any issues and will be able to achieve the desired dream of customers. As per its strategy, Bluei offers products having a reasonable price and will not compete with the rivals by lowering its prices.
Akhilesh Chopra, Sales Director of Bluei, while announcing the launch said, “This is the beginning of an expansion plan in India that will cover the next 2 years. We have an excellent relationship with an E-commerce company and their expertise has allowed us to reach virtually every corner of India and increase our customer base exponentially as a result. Following an omni-channel strategy and having a presence in the country with physical stores will allow us to generate value for consumers by improving their shopping experience.”
The company was launched in 2011, New Delhi with a single mobile accessories store. It aims to capture a significant share of the budding Indian audio market and give the best customer service. Bluei future plan is to develop a distribution network and a new mobile accessories store in the North East region in the near future.


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Google says it has resolved the email delivery problems that plagued its Postini message management service for several hours yesterday, telling customers that no data was lost. The company has also acknowledged the problem affected users in Europe. Previously, the company had indicated it was a US-only issue. According to …
The Problem Has Been Resolved
The Google Reputation Management Team have determined that the problem resided in the Non-Google World and is therefore by definition not a problem. The Non-Google World has been updated to ensure that this does not happen again.
You regret any inconvenience this problem may have caused to Google.
"Many users also said they had difficulty contacting the company during the outage/delay"
Well, DUH, their email was down...
US-based customers means
those with MX records on US based systems. I know an international company that is based in the US that was affected by this clogged email. It affected senders sending to this organization from all over the world.
- SMASH the Bash bug! Apple and Red Hat scramble for patch batches
- BENDY iPhone 6, you say? Pah, warp claims are bent out of shape: Consumer Reports
- eXpat Files 'Could we please not have naked developers running around the office BEFORE 10pm?'
- NASA rover Curiosity drills HOLE in MARS 'GOLF COURSE'
- WHY did Sunday Mirror stoop to slurping selfies for smut sting?


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The proposed EU Cyber Resilience Act: what it is and how it may impact the supply chain
October 17, 2022
On 15 September 2022, the European Commission published its proposal for a new Regulation which sets out cybersecurity related requirements for products with “digital elements”, known as the proposed Cyber Resilience Act (the CRA).
Does Ethereum's Merge point to a greener future for crypto assets?
October 10, 2022
Global organisations advocating to reduce their carbon impact face a unique dilemma when they are also engaging in the crypto space, due to the energy consumed in some blockchain networks.


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Since the announcement of Android One in Google Android Developers Conference; Android One is gaining pace rapidly. Google is determined to offer entry level smartphones in emerging markets with software updates. Google planned to start the Android One program from India. And now we have news that we have first Android One smartphones from outside India. This is a good news for people who were looking forward to get their hands on Google’s entry level smartphones outside the India.
Since the launch of Moto G and Moto E we are sure that even European markets like good quality entry level smartphones with software support. In the recent development, Symphony Mobile has launched their first ever Android One smartphone. The new Symphony Roar A50 has same specifications as of Android One smartphones ans is currently available for $112 on its official website. Right now there are some issues with their checking out system and we are hopeful that it will be fixed soon. However, we are sure of the fact that Android One program is picking up pace and will soon hit other regions as well.
Symphony Roar A50 has 1.3Ghz quadcore processor, 1GB RAM, 8GB internal storage, 5MP primary snapper and 2MP front facing camera. Apart from this first 500 people to prebook Roar A50 will also get a gift hamper.
It is a 3G suported smartphone and comes with free Internet data package from BanglaLink for a limited time. All in all it looks a pretty good deal considering the fact that it will get software updates from Google. So, unlike the entry level smartphones of other OEMs it won’t be deprived of much needed software updates.
This is the very first Android One smartphone in Bangladesh and outside India. We also have some news that the Android One smartphones will soon hit other Asian countries like Sri Lanka and Nepal. So, it clearly shows that Android One program will be widespread in Asia but we do not have any news if this program will make its way to the European market or not.
However, some Android One smartphones like Symphony Roar A50 and Karbon Sparkle V are available on Amazon but still we are not sure if we will see any official Android One smartphone released in European market or not.
Source: Symphony Mobile


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YEAR ON YEAR GROWTH
Sony India targets 20 per cent year on year growth
Company has been widening its product portfolio in all its product categories like BRAVIA TV, Xperia Smartphones, Alpha cameras, Professional Business solutions etc.
India beats the world in domain growth with 12% in 3 years: Report
The study found that about 79% of the small and medium businesses in India...
TCS now stares at another year of single-digit growth
In the September quarter, while revenue was below expectation, operating margin at 26% ...
Bharti Infratel 2Q profit up 31% on-year, looks for more growth from network roll outs
Consolidated net profit for the July-September quarter rose to Rs 774 crore from Rs 592 crore in the year-ago period.
Do not expect to see growth in this year: Ranbir Singh of GNA Axles
Export is stable. It is at par with last year last two quarters and domestic demand has gone up because of monsoons and all. We are into.
Australia marks 25 years of unbroken economic growth
A bumper quarter-on-quarter 1.0 per cent expansion in the January-March period was driven by trade and household spending, but falling exports.
Multi-year growth ahead in HFCs, construction, on private banks, auto: Neelkanth Mishra, Credit Suisse
“From a market perspective, we have cut pharma weights as well for the first time in my role as a strategist.”
Bank deposits growth jumps to a 10-year high
In the fortnight ended September 2, bank deposits rose 1.3% to Rs 1.3 lakh crore, according to latest RBI data.
Had a 30% plus growth last year, see that traction continuing: Piyush Rathi, Advanced Enzymes
"We are also focussing on creating new applications for enzymes, newer uses, newer ways in which we can add value to our clients in different industries."
Anticipate 15-20% growth this year: RBV Bubna, MD, Sharda CropChem
"Our revenues from operations within India contribute to about 3% of our total revenues so the bumper crop here would add very little portion to our revenues."
Apple can enjoy year of growth, but it could be a trap: Gadfly
The new Apple devices will no doubt be great, but as expected they weren't much of a departure from current models.
Soybean meal exports decline 65% year on year
Exports of Soybean meal and its other value added products in the 2015-16 oil year stood at 2.62 lakh tons as compared to 7.51 lakh tons in the same period of previous year.
Ashish Chauhan on 30 years of Sensex
Ashish Chauhan, MD and CEO of, Bombay Stock Exchange talks about the 30 years of journey of Sensex.
Arvind Panagariya sees good monsoon and reforms pushing growth to 8% this year
"I feel we should cross 8% because nothing I see takes away from what we had last year," said Niti Aayog's Arvind Panagariya.
Believe FY17 to be a year of high growth: Deepak Parekh
HDFC chairman Deepak Parekh believes FY17 will be a year of high growth.


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Greenline Industries says it's finding huge growth by selling equipment to the '49ers of the biofuels Gold Rush rather than panning for precious metals itself.
The Larkspur company, which sells biodiesel processing equipment, tripled its revenue in 2007 to $35.1 million, and its CEO said it's on target to triple revenue again this year.
"It's kind of a Levi Strauss strategy in the Gold Rush, selling picks and axes instead of trying to go for the gold mine," said CEO John Kinney.
Global biodiesel capacity grew from 15 billion pounds in 2006 to 19 billion pounds in 2007 and is expected to reach 24 billion to 26.5 billion pounds by the end of this year, according to the Biodiesel 2020 report by Emerging Markets Online.
About 500 million gallons of biodiesel were produced in the United States in 2006 and 650 million gallons are expected to be produced this year.
Driving Greenline's growth is international demand by farming communities and by small trucking companies for its waterless processing equipment that can produce between 5 million and 100 million gallons of biodiesel annually.
Though U.S. biodiesel manufacturers today make up about 75 percent of the company's profits, Kinney expects international buyers to make up 80 percent of its profit by the end of 2009.
The company has opened offices in Brussels, Buenos Aires and Bucharest, where it does some of its equipment manufacturing. And the company has opened or is opening plants in Bulgaria, Romania, Colombia, Argentina, Burkina Faso, China and India.
In the next two years, 180 new countries are expected to become biodiesel producers, up from 20 today, according to Biodiesel 2020.
"There's a handful of companies similar to Greenline that have similar technologies but don't have the global footprint that Greenline does," said economist Will Thurmond who authored the 2020 report. "Greenline is smart to go to China and Latin America and India and expand its presence now because that's where the growth is coming from."
The company recently raised $20 million in equity financing from partners Baton Rouge-based engineering firm Shaw Group and Washington, D.C.-based Leaf Clean Energy Co.
Much of that money will go to research and development for Greenline's next generation of products.
As the industry shifts from relying mostly on used cooking oil to alternative feedstock sources such as animal fat, algae and biomass to produce fuel, Greenline plans to be ahead of the game.
Those will include what's called a high free fatty acid purifier, which basically means one that can turn almost anything from sewer grease to any type of food waste into fuel, and a purifier for glycerin -- one of the byproducts of biofuel production.
Kinney, who founded and still owns athletic club chain Club One, was brought on as CEO in September 2007 to build a management team and manage the growth. He hired Tony Sethi as chief operating officer and Dan Jackson as chief financial officer, and the company has grown to about 40 full-time employees, though it uses contractors for its installations.


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Last year, Anheuser-Busch placed an order for up to 800 Nikola hydrogen-electric powered semi-trucks and announced a pilot project with BYD in California last month.
About The Author
I've spent more than a decade in print, digital, and broadcasting. Now I help other companies build their online presence by generating leads, gathering insight and growing revenue.
October 8, 2019
August 12, 2019


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During the year, 316 listed companies implemented buybacks, and 32 pharmaceutical manufacturing companies
Time of Update: 2020-11-17
According to Tonghuashun iFinD statistics, as of September 15, 316 listed companies implemented repurchases, with a cumulative repurchase amount of 36.734 billion yuan. In terms of industry distribution, it is mainly concentrated
The second listed company in the pharmaceutical manufacturing industry reported a successful counter-attack in the third quarter
Time of Update: 2020-11-12
addition, the third-quarter report shows that the production project of Phoenix Industrial Limited Erkang Pharmaceutical Intermediates in Cambodia, launched in the second half of 2018, has been completed on schedule and has been put into trial operation.
Yuze Changshengyuan - a professional hydroxyl ester manufacturer, has been selected as a supplier by a number of world-renowned resin companies.
Time of Update: 2020-10-10
In recent years, China's paint industry has developed rapidly, according to the National Bureau of Statistics, the annual production of the paint industry in 2019 was 24.388 million tons, up 2.6% YoY; And with people's demand for environmental
Can the coating company replace the paint manufacturers into the developer's strategic collection?
Time of Update: 2020-09-29
of different nature, paint is only a semi-finished product, and flour, can be made into bread, can also be made into bread, but also can be made into nest head. Paint is pay attention to the three-point material seven-point work, choose a quality assurance
$63 billion! "Drug King" manufacturer stakes revenue from a pharmaceutical company
Time of Update: 2020-05-11
AbbVie ranks fifth among biopharmaceutical companies with a market capitalisation of $139.6 billion, with total revenue of $32.8 billion in 2018, according to global data analytics firm GlobalData's 2019 list of 25 mandatory pharmaceutical companies.
Express delivery industry will be deeply integrated into the field of biopharmaceutical manufacturing, pharmaceutical companies should do?
Time of Update: 2020-04-03
Pharmaceutical Network Market Analysis In recent years, by the domestic policy, the impact of environmental benefits, China's biopharmaceutical industry has been accelerating, the market size continues to grow, the biopharmaceutical industry park
Help pharmaceutical companies to make advanced manufacturing, pharmaceutical machinery of these designs is "with a sense"!
Time of Update: 2018-11-22
With the development of pharmaceutical market, pharmaceutical equipment technology has also ushered in a more extensive application prospect
In order to promote
The most admired Chinese pharmaceutical manufacturing company in 2014
Time of Update: 2014-09-25
Some companies that face challenges and difficulties, reform and change are still respected by peers and even cross industry executives.
2014 China's top 500 private enterprises announced 9 pharmaceutical manufacturing companies on the list
Time of Update: 2014-08-20
Source: Bio Valley 2014-08-20 2014 top 500 private enterprises in China "series list unveiled in Beijing
It is understood that in 2014, the threshold for the top 500
Research, development, manufacture and maintenance of the system of Shanghai labeling machine company
Time of Update: 2013-06-07
Shanghai Xujie packaging equipment Co., Ltd
specializes in the research, development, manufacturing, maintenance and service of Shanghai labeling machine system


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There's a report out making the allegation that car makers are 'forcing' customers to accept luxury items in order to buy a hybrid car. The allegations are being made by the Union of Concerned Scientists. To that I say, Ya, so?
Car makers (Toyota, Honda, Ford, GM, Nissan, etc...) invested a lot of money in developing their hybrid cars. They can't sell the public on just the engine, however. Not at the price they need to sell the car at and still hope to make money on it.
So, they have been adding in luxury items to the cars right from the beginning. That allows them to justify the price tag ($20,000 or more... much more for some), and gives people justification for the price they are paying.
"Hybrids don't have to be luxury vehicles," said Don Anair, the senior vehicles analyst with UCS's Clean Vehicles Program. "They should be within the reach of all Americans. Car buyers shouldn't be forced to buy high-end bells and whistles when fuel economy and reducing emissions are their top priority."The problem with that is hybrid technology just isn't within reach of all Americans. That's just the truth. The second engine (and all the other parts that mate the two together and help them to play nice with each other) costs money to build and create new types of.
Look at the new Honda Insight. There's a car that has the least 'forced features' and as such, is billed as the cheapest hybrid you can buy. According to the advertising, it's the hybrid for all. But all means those who can afford to pay $20K for a new car. And for $20K, you don't get any of the luxury features you would expect in a twenty thousand dollar car.


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Eurogamer visited the person who bought the PS4 Slim from Gumtree and posted this video of it booting up:
Following the leak of a slim PlayStation 4 over the weekend, the Wall Street Journal and Eurogamer are reporting that the PS4 Slim will be officially announced at the PlayStation Meeting on September 7, alongside the PS4 Neo. Furthermore, Eurogamer says they understand that the PS4 Slim will be released “shortly after” after the meeting. A price for the slim PS4 is unknown at the moment, but it should be cheaper than the current PS4 model.
Additionally, the Wall Street Journal’s sources tell them Sony has cut production on the current PS4, with many Japanese retailers, including Sony’s site, showing that the system is out of stock at the moment.
Sony has yet to offer a comment on the PS4 Slim, so it looks like we’ll have to wait until September 7 for more details.
How much do you think Sony will sell the PS4 Slim for?[Source: Wall Street Journal, Eurogamer]
Report: PS4 Slim to Be Announced & Released in September (Update) – PlayStation LifeStyle


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Alliance to Save Energy Says CLEAR Act Tax Incentives Would Reduce U.S. Oil Dependence By Encouraging Purchase of Hybrid Vehicles
"We also call on the Congress to ensure that the provisions of the CLEAR Act are incorporated in any meaningful energy legislation being considered by the Congress.
Washington, D.C., April 28 - "Federal incentives encouraging the purchase and use of hybrid electric vehicles through the tax code will help to lessen our dependence on imported oil and improve the efficiency of the transportation sector," said Alliance to Save Energy President Kateri Callahan.
"With oil remaining in the $50-a-barrel range, we need measures like the "Clean Efficient Automobiles Resulting from Advanced Car Technologies of 2005 (aka the 'CLEAR ACT') which will encourage consumers to purchase hybrid cars, trucks and buses -- vehicles that have the potential for significant improvements in fuel economy.
"We also call on the Congress to ensure that the provisions of the CLEAR Act are incorporated in any meaningful energy legislation being considered by the Congress. These incentives can give consumers a way to tackle our high oil and gas prices, while simultaneously achieving gains in energy security and air quality."
The Alliance to Save Energy is a coalition of prominent business, government, environmental, and consumer leaders who promote the efficient and clean use of energy worldwide to benefit consumers, the environment, economy, and national security.


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Arcelor Mittal 2006 profit falls 3.5% on higher taxadmin
BRUSSELS – Arcelor Mittal, the company formed last year in the largest- ever takeover in the steel industry, said Wednesday that 2006 profit fell 3.5 percent because of higher taxes and it announced plans to hand $2.4 billion to shareholders.
Net income fell to $7.97 billion from $8.26 billion, based on figures calculated as if the company had existed for more than a year. Sales rose 10 percent to $88.6 billion. Arcelor Mittal, based in Luxembourg, will buy back $590 million of stock and pay a $1.8 billion dividend.
Lakshmi Mittal, the chief executive, agreed last year to buy Arcelor in a $38.3 billion takeover to create a steel maker pouring a tenth of the world’s steel.
Arcelor Mittal paid $1.65 billion in taxes, 18 percent more than in 2005, as some tax credits were exhausted, said the chief financial officer, Aditya Mittal. The earnings reported Wednesday were the first that have been issued by the merged company.
“We remain very positive in terms of the steel market in 2007, and believe 2007 will be a much better year for Arcelor Mittal than 2006,” Aditya Mittal said during a press conference in Luxembourg.
Shares of Mittal Steel and Arcelor trade separately pending the completion of the combination of the companies. Mittal gained 41 cents to close at â‚¬38.64, or $50.77, in Amsterdam. Arcelor was up 38 cents to â‚¬50.58 in Paris.
“This is a very large company with substantial free cash” to return to shareholders, said Tom Muller, an analyst at Theodoor Gilissen Bankiers in Amsterdam. “That will mean the company can continue to pay a dividend even if steel prices decline.”
The company said fourth-quarter net income rose to $2.37 billion. It did not provide year-earlier figures.
Arcelor Mittal forecast unchanged profit in the first quarter compared with the fourth quarter and said that cost savings from acquisitions were “on track.”
Savings from combining purchases, trading and marketing of both companies will increase to an annual rate of $500 million in the first quarter, from $270 million in the fourth quarter, Lakshmi Mittal said in Luxembourg.
Other European steel makers have reported higher earnings in the past month on increased regional demand. ThyssenKrupp, the largest German steel maker, said earlier this month that net income in the three months ended Dec. 31 almost tripled, led by higher sales of stainless steel.
Lakshmi Mittal started out in 1976 with a single steel mill in Indonesia. His company was already the world’s biggest steel maker when Arcelor accepted his bid on June 25.
Mittal is looking to add assets and is considering making an offer for the 51 percent stake in the Indian iron-ore miner Sesa Goa that is being sold by Mitsui, Lakshmi Mittal said Wednesday.
“The future looks very aggressive,” said Stephen Pope, head of equity research in London at Cantor Fitzgerald. “As they gain in size, that will give them pricing power.”


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Event technology suppliers SO Group and N200 are in the final stages of a merger that will see N200 become a member of the exhibition supplier group.
The N200 owner and MD Bart van Bijnen told EN the deal has been in the planning stages for the past year and is expected to be completed in July. Under the proposed agreement, SO’s Visit division will be rebranded and merged with N200’s operations, which will join the SO Group as a member company. Financial terms have not been disclosed.
Van Bijnen will remain CEO of the newly combined group, with SO Visit MD David Cunningham as MD. SO Visit’s 23 employees will be retained at N200’s UK office. The company also has offices in the Netherlands and Germany.
The SO Connect visitor software offering will be combined with N200’s Enter platform, creating a centralised and standardised registration system available to customers worldwide, van Bijnen explained.
N200 currently services 400 events per year, which will increase to 600 as a result of the SO Group merger. While the majority of SO’s customers run UK events, N200’s stretch across Europe, meaning there is minimal customer overlap.
“This deal will make us Europe’s largest registrationcompany,” van Bijnen said. “By combining our offering, we will be able to give customers more technology and the same visitor experience across their shows worldwide.
“The platform will be fully operated by organisers, giving them control of their registration services.”
The first SO customer to move to the newly combined platform is Brintex.
Got a story for Exhibition News? Email us: email@example.com


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According to the Hong Kong Yahoo Finance, a survey conducted by the Hong Kong Blockchain Association (HKBA) showed that 23 percent of the participants would consider investing into cryptocurrencies during an economic recession.
The survey examined the potential interest for cryptocurrencies for Hong Kong citizens, and it revealed that a substantial portion of the population would consider investing in digital assets. However, the survey also displayed that as of now, citizens are wary and hesitant about the current state of cryptocurrencies despite their potential advantages.
Nearly 60 percent of the participants responded that Hong Kong needs to implement proper licensing laws and clearer regulations regarding cryptocurrency trading platforms. Many respondents suggested that the island should consider following the steps of Japan and Singapore to establish a regulatory skeleton for the virtual currencies. These responses suggest that while many people are interested, they are deterred by the uncertainty of legislation.
Furthermore, 46 percent of the respondents indicated that they believed that the Hong Kong economy, and possibly the world economy, will experience a downturn within the next year. Combining that with the information that almost a quarter of the citizens would consider investing in cryptocurrency during a time of economic hardship, the results of the survey suggests that while many people understand the potential value of cryptocurrency as a store of value, they do not necessarily see a urgency to invest at the moment.


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Telegram for Windows Phone has seen another updated to version 1.24. The update brings improved support for the company’s Bot API, which has been available since June 2015.
The changelog reads:
Bot API 2.0, the largest since June 2015. Try these examples of the bot platform update to see what is coming: @music, @sticker, @youtube, @foursquare
The new bots show off features of the new Bot platform. @music,is a bot for searching for and sharing classical music; @youtube, a bot for searching and sharing YouTube videos; @foursquare, a bot for finding nearby restaurants and places to share addresses with friends; and @sticker, a bot for finding stickers using emoji as the start point for a sticker search.
The new API makes it easier for users to interact with bots by allowing bots to edit their messages and offer custom buttons, meaning bots can create a meaningful UI instead of making everything text based. Telegram says about 20% of their traffic is now interaction with bots.


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FTC “Barrs” Firm From Anticompetitive Agreements
This article was originally published in The Pink Sheet Daily
Federal Trade Commission gets rare victory in settlement with Barr over charges that cash payment delayed entry of generic Ovcon.
You may also be interested in...
Payments to delay generic entry could be banned under pending legislation before Congress.
Commission settles charges against the brand drug maker related to generic Ovcon 35.
The high court denies the Federal Trade Commission’s petition to hear the case regarding issues raised by brand companies’ reverse payments to generic firms.


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Ted Tewksbury, Velodyne's new CEO
Velodyne’s recent announcement introducing you as its new CEO didn’t surprise me. You’re the right executive arriving at the right time to correct the course of a vision-challenged company that has lost its way.
Velodyne went public in September 2020 through the dubious mechanism of a special-purpose acquisition company (SPAC) merger with blank-check company Graph Industrial. Since then, as the corporate board and its largest shareholder have relentlessly exchanged accusations, Velodyne has become best known for its dysfunction.
This is great stuff. Let’s get started.
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As a streaming-based DVR the Simple.TV offers a lot of functionality including a novel sharing feature, but if you just want to watch on your TV, instead of a tablet or phone, there are better alternatives.
Simple.TV's app on both iOS and Android will now be able to stream to the Chromecast.
Simple.TV's new DVR records over-the-air HDTV content, then streams it to supported devices like Roku, Google TV, Boxee and the iPad.
Simple.TV's innovative over-the-air DVR solution is far from perfect, but it's a decent budget option if you can't afford a TiVo Premiere.
The new Simple.TV box will feature dual-tuning capability and a more traditional set-top-box look.
Sony, LG, Hisense, and TCL enjoyed the CES spotlight for a deceptive innovation in TVs: Keep them simple, stupid. This may be the year Internet-connected TVs come into their own, but is that enough?
Use your existing Internet devices to record and stream live TV on your smartphones or computers.
LG's much-hyped Smart TV platform is hitting store shelves now, but does its simpler approach beat the myriad other smart devices vying for space in your living room?
Simple.TV's innovative over-the-air DVR has pushed its release date back again, now promising its Kickstarter backers that shipments should arrive by mid-October.
Simple.TV has created a Kickstarter to help fund its over-the-air DVR, offering discounted bundles to project backers.


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NAPERVILLE, IL — Two people in an overnight cleaning crew were arrested for allegedly robbing a Kmart
department store where they were working, according to the Chicago Tribune
According to the story, Kmart loss prevention noted that several thousand dollars in merchandise was unaccounted for, prompting management to set up surveillance cameras throughout the 1199 East Ogden Avenue store.
Carmen Valenzuela-Santillan and Miguel Quiros were charged with felony theft Monday after investigators using store surveillance cameras reportedly saw one of them stuffing items from the store into bags, the story stated.
The Naperville Police Department
performed a search in each of the worker''s homes, turning up stolen Kmart merchandise valued around $10,000, the story noted.
Both Valenzuela-Santillan and Quiros remain in the DuPage County Jail
on $50,000 bond, the story added.


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Miyamoto teases new Nintendo character
Mario creator tells investors the coming year could see his first original creation in nearly a decade, says next Pikmin needs to be finished soon.
Nintendo senior managing director Shigeru Miyamoto has created some of the biggest characters in gaming, including Mario, Donkey Kong, and Link. In a Q&A session at Nintendo's general shareholders meeting this week, the designer told investors he is looking to add at least one more name to his considerable resume.
According to a GameSpot translation of Nintendo's transcript of the event, Miyamoto was asked to share details on new projects. He replied that he hasn't had much time to slow down and think about new projects with 3DS development ramping up. However, he has found that deadlines sometimes cause new ideas to "glitter," so conditions might be right at the moment for something new.
"It's been nearly 10 years since the creation of Pikmin," Miyamoto said. "I think this coming year, it's about time a new character be created."
Speaking of Pikmin, Miyamoto also addressed a new installment in that series, something he first acknowledged working on at Nintendo's E3 2008 developer roundtable event. He said that development on the project is proceeding well, but he added he needs to finish it soon. At an E3 2010 roundtable, he reassured reporters it remains in the works.
Pikmin featured a diminutive alien stranded on earth, marshalling the forces of sentient plants to help him repair his spaceship. It was famously inspired by Miyamoto's gardening hobby at the time. Perhaps giving some clue as to his next effort, the developer said at the shareholder's meeting that his current hobby is swimming, and it has him very active working with youth in the community.
Nintendo, Microsoft, Square Enix, And More: E3 2019 Press Conference Schedule - GS News Update Top New Games Releasing On Switch, PS4, Xbox One, And PC This Week -- May 19-25 2019 Avengers: Endgame Passes Avatar in the US Box Office, Still Behind Worldwide - GS Universe News Update Apex Legends Update Tweaks Wraith And Pathfinder - GS News Update Game Of Thrones Series Finale "The Iron Throne" Breakdown! Game Of Thrones - The Last Watch HBO Official Documentary Trailer Gen 4 Pokémon, Glaceon, And Leafeon Now Available In Pokémon Go - GS News Update PlayStation Movie Studio Has Opened - GS News Update Apex Legends Championship Monday Game Of Thrones - The Cast Signs Off Brightburn - Final Trailer The Most Influential Games Of The 21st Century Video: Half-Life 2
Got a news tip or want to contact us directly? Email email@example.com


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Online shopping mall, Jumia Nigeria, on Thursday said that Nigeria was fast becoming a mobile-first country with 162 million subscribers and penetration rate of 84 per cent.
The Chief Executive Officer of Jumia Nigeria, Mrs Juliet Anammah, made the assessment at the 2018 Mobile Report Launch.
“The availability of lower price point phones has paved way for more Nigerians to own mobile phones.
“With an increase in the number of affordable phones entering Nigerian market, and looking at the trajectory growth between 2016 and 2017, there is a strong indication that by the end of 2018, we will have 100 per cent mobile penetration,’’ she said.
Anammah said that Nigeria remained Africa’s largest mobile market with about 162 million subscribers and penetration rate of 84 per cent.
She noted that Nigeria’s mobile penetration in 2016 stood at 53 per cent.
According to the CEO, in spite of challenges, Nigeria’s mobile economy contributes 9.5 per cent to the nation’s Gross Domestic Product (GDP) worth N29.5 trillion in economic value.
“Even with the unstable economic climate, mobile and telecommunication sector’s contributions to the GDP remains strong,” she added.
Anammah said that with internet connectivity still on the rise in Nigeria and across Africa, there were 98 million users of internet and 21 million users of smart phones in Nigeria.
Mr Olubayo Adekambi, the Chief Transformation Officer, MTN Nigeria, said that the preponderance of low-cost smartphones and the drive toward aspirational self-enhancement and exciting mobile operator-led propositions drove smartphone penetration.
“The penetration has increased with first-timers finding a compelling reason to pick up low-priced smartphones or secondhand smartphones.
“Peer-to-peer mobile video sharing and over- the-top video platforms drove incremental increases in internet usage, with the so-called illiterates joining the bandwagon to enjoy their latest comedy on the go.
“This mobile trend is shifting advertising focus from traditional TV to short videos shown as branded content with subtle product placement.
“According to Markelytics.ng’s Mobile Poll, WhatsApp is the most actively used app for video sharing, and an average Nigerian spent 35 minutes per day on this platform.
“The increasing mobile behaviour of the emerging digital natives provided a veritable platform to monetise mobile footprints beyond the traditional ad-based user-generated content that we are all familiar with,” Adekambi said.


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Major U.S.-based crypto platform Coinbase has launched the Coinbase Card, a debit card that lets U.K. customers make purchases online and in-store using cryptocurrency.
The new card will link the customers’ crypto balances held on the Coinbase platform with their debit cards — converting crypto holdings into fiat currencies to complete each transaction.
The Coinbase card gives users the ability to make payments via “contactless, Chip and PIN, as well as cash withdrawals from ATMs,” an official press release from the exchange states.
The debit cards will be issued by Paysafe Financial Services Limited, a U.K.-based financial services firm regulated by the Financial Conduct Authority (FCA).
Per the release, the Coinbase Card can be used by users irrespective of the token in their portfolio.
“Coinbase Card supports all crypto assets available to buy and sell on the Coinbase platform, meaning they can pay for a meal with bitcoin, or use ethereum to fund their train ticket home,” the company notes.
In an interview with The…


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Bitcoin dropped 2% Wednesday morning, falling as low as $6,385. A post published Wednesday by TIME indicates that the latest crash may be the result of a recently released study by University of Texas-Austin researchers. The new study, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, suggests that the prices were manipulated when Bitcoin climbed from $800 to almost $20,000 last year (http://ccw.fm/XhcZ1). The research presents evidence that another cryptocurrency named Tether was used to purchase Bitcoin after market dips, thus raising Bitcoin prices. Bitcoin isn’t the only cryptocurrency collapsing throughout this year. Litecoin, for example, hit a new low for the year on Wednesday at $97. The fall represents an almost 75% decrease from Litecoin’s all-time high of $379 in December. In addition to the potential of price manipulation, some attribute the trending drops to investors’ concern of hackers in the crypto space. Following the announcement of a South Korean crypto exchange being hacked last week, Bitcoin dropped 10%. In the University of Texas study’s conclusion, researchers state, “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.”
To view the full article, visit http://ccw.fm/yas6K
Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls bitcoin and everyone can take part. Through many of its unique properties, bitcoin allows exciting uses that could not be covered by any previous payment system. For more information, visit www.Bitcoin.org
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If the government shutdown doesn't end on Friday, it will be the longest in U.S. history. The more it drags on, the more damage it will do, according to experts.
At the moment, furloughed workers and their families, along with veterans and others depending on federal services, are the real victims of an ongoing stalemate between the Trump Administration and Congress over funding a wall at the U.S.-Mexico border, that at the moment seems intractable. On Thursday, protests erupted in front of AFL-CIO headquarters, not far from the White House.
"Notably, 800K federal employees have been furloughed," UBS Analyst Michael Lasser wrote in comments emailed to Retail Dive. "This doesn't include the impact from private businesses & contractors levered to the government. As such, there will likely be a drag on consumption should the shutdown persist in the upcoming weeks or months. Further, the shutdown could impact the timing of government disbursements. Thus, many retailers could be impacted."
In addition to the government employees either not working or working without pay, there are many others who work for subcontractors that are losing business. Many of them are being forced to dip into savings or take out loans and are likely to be spending less.
That means that businesses in areas with a lot of these workers may also start to suffer. Some, including cab companies, gas stations, car repair shops and national parks, restaurants and retailers, already are, according to experts, social media reports and media reports.
"It surely can't be good. There are 800,000 people who are not receiving their paychecks," Lawrence White, an economics professor at New York University's Stern School of Business, told Retail Dive in an interview. "And three quarters of them — I think that's the fraction — are in the D.C. area and there are pockets outside of D.C., so those are the retailers feeling it. There are all kinds of cascading ramifications to this thing — none of them look good. None of them are happy outcomes for anybody."
The fact that the shutdown is lingering is part of the problem, according to Courtney Rickert McCaffrey, manager of thought leadership in strategy and management consulting firm A.T. Kearney's Global Business Policy Council. "The psychological and real economic impact of 800,000 federal employees not receiving their paychecks will begin to filter throughout the economy," she told Retail Dive in an email. "Many households are likely already cutting down on spending, and the longer the shutdown goes on, the more such frugality will spread. That will affect businesses that usually serve these workers, including restaurants and retail stores."
In previous shutdowns, the IRS was prohibited from sending out tax refunds, but this week the agency said refunds would go out, although some taxpayers may find it difficult to get their returns completed.
That could undermine a major source of spending, considering that many Americans use their returns to fund major purchases like appliances. A refund delay in 2016 sent some retail sales into a tailspin — even sneaker sales suffered "the single worst decline I've seen in 19 years" as a result, Matt Powell, NPD Group vice president and senior industry advisor, told Retail Dive in an email. "Footlocker called this out on their Q1 conference call. A few years ago, checks were also delayed and business was negatively affected."
Plenty of companies lament the governmental hoops they must jump through to conduct business, but even worse than bureaucratic paperwork is bureaucratic paperwork that isn't getting processed. A shutdown means that several regulatory necessities of running a business are cut off, and the consequences could throw a wrench into retailers' and restaurants' operations, according to A.T. Kearney's McCaffrey.
The E-Verify system, set up to check a potential employee's immigration and work eligibility, is offline, for example, which "could bite retailers, particularly in such a tight labor market," she told Retail Dive in an email. "The Alcohol and Tobacco Tax and Trade Bureau is not approving any new beer labels, so retailers expecting shipments of new craft beers will need to fill their shelves with something else. And a potential risk to retailers stems from the fact that the Food and Drug Administration has not been conducting its usual inspections of food processing sites. Any contamination could move throughout the supply chain and into retail locations before any alarms go off, raising the risk of foodborne outbreaks."
The shutdown is holding up loans from the Small Business Administration, putting smaller businesses of all types at risk. The Department of Justice, meanwhile, said this week that the shutdown, which has meant a cease in funding of its work on antitrust cases, could delay its final work on the merger between CVS Health and health insurer Aetna, which is approved but incomplete, Reuters reported.
In some ways the shutdown couldn't be timed more terribly. There are already signs that the robust economy and consumer confidence that helped fuel record holiday sales may be receding somewhat, and a protracted shutdown could begin to fray consumers' nerves.
"I doubt consumers consciously connect the shutdown to their spending decisions, but the fact that hundreds of thousands of workers — maybe your friends and neighbors — are now not receiving a paycheck does have an impact on the real and perceived strength of the economy," Logan Finucan, senior policy analyst at Access Partnership, a global consulting firm specialized in technology policy issues. "Layered on top of a narrative that the economy may already be fragile, that probably has some marginal dampening effect on spending."
While the initial effects are to local economies, they'll eventually broaden, Jason Jackson, professor of supply chain management at Purdue University Global, told Retail Dive in an email. "As this continues, with each day it will grow outward from these related-government sources to impact deeper and further elements of the supply chain."
That's true even though Customs and Border Protection continues to operate, according to Finucan. "Supply chains shouldn't face major challenges, but the shutdown could slow down clearances," he said. "The lack of pay has a serious impact on morale. If this continues, we can probably expect slowdowns and possible disruptions if some employees refuse to work."
In short, the shutdown is tapping the economy's brakes, if only a little, warned Stern's White. "It's just adding corrosiveness to the general climate, and it's adding friction," he said. "As an economist — unless you want to stop the car, in which case you want to apply as much friction as possible — that's not a good thing."
But he and others said that the economy is strong, and that long term impacts from a shutdown even this long are unlikely. "The US economy still has a lot of momentum, so a short government shutdown would not have a big impact," McCaffrey said. "But the longer the shutdown persists, the more economic pain will be inflicted. There are a variety of short-term distortions that would hit growth this year. And longer term, a protracted government shutdown would be detrimental for employee morale, dampening the productivity of the federal workforce and creating ongoing delays for business approvals."
How retail could help
By far the worst fallout from the shutdown is the toll in human terms, and not just the pain of federal workers. The benefits of the Supplemental Nutrition Assistance Program, (which provides food and other necessities to impoverished families), for example, are set to run out in February, should the shutdown last that long, and rent aid and other social safety net programs for children, veterans and others are running out of resources as many agencies remain unstaffed, according to the Washington Post.
"There is the human side of this, those dedicated to public service working without pay, for our general safety and benefit, who still need to pay bills, and have no promise of gaining back this lost pay," Jackson said. "Disabled Military Veterans, and Veterans going to university on the GI Bill, are part of the population we should be more immediately concerned for with the shutdown, as it relates to government generated checks. They may have young children and need the money for this month's rent."
Although it would cost them, retailers could help, White said. Chef José Andrés in Washington and restaurateurs elsewhere are providing an example by feeding unpaid workers while the shutdown lasts.
"I would hope to see a lot of creativity on the part of retailers, not only of goods but of services as well, in accommodating the difficulties that their federal employee customers are experiencing," he said. "The longer it goes, the more hardship it imposes. One possible strategy would be to figure out some kind of special credit or grace periods on store purchases. That's obviously a risk for the retailers, and then that starts imposing liquidity problems for the retailer. My guess is that it's a blip that you recover from — if you stay with the customer, the customer is likely to stay with you."


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For six decades, LeeBoy has been driving innovation, quality, and success for their employees and customers.
LINCOLNTON, N.C., Feb. 27, 2024 /PRNewswire-PRWeb/ -- Since 1964, the Lee family has been building and delivering products for the commercial asphalt industry. 2024 marks LeeBoy's 60th year in business as they keep their focus on maintaining close customer relationships while delivering what their customers want and need, to better their paving operations.
BR Lee developed the first self-propelled commercial paver in 1970. That Model 500 featured three patents – for its tilt hopper, its hydraulic extensions, and its under-auger cutoff gates – and can be said to have opened the door to profitable commercial paving for thousands of paving contractors.
BR's son, Mike Lee, is still involved in the business today. He has seen the company grow and change in many ways over the years, but listening to their customers on how they can help them improve their business performance has always been a priority at LeeBoy.
"I've seen a lot of hard work over the years to get LeeBoy to where it is today," Lee said. "We are continuously making our products better, faster, and more reliable for our customers and dealers. We value feedback from our customers to build and deliver the best products."
From humble beginnings in BR's garage where he built one drag box, the company has invested heavily in their own operations over the years to develop the equipment and innovations the industry needs to thrive.
"LeeBoy's mission is to improve our customers' lives and livelihood," Shannon Seymour, President and CEO at LeeBoy said. "We aim to produce the most productive, reliable, and easy-to-use equipment in the industry. We listen to the voice of the customer through our dealers, through sales and service associates, and directly at our factory proving grounds."
Growing with Demand
LeeBoy has also been an innovator in their equipment development, improving models with customer requests and as the needs of the industry have changed. To do this, LeeBoy has vastly improved their internal processes to be able to achieve the needs of their customers.
"LeeBoy has invested heavily in manufacturing operations," Seymour added. "We have grown from a lean and scrappy, yet effective business into a more structured organization with documented processes and procedures. We also view service parts fulfillment as a key element in keeping our customers up and running, which keeps them buying LeeBoy equipment."
Over the years, the company has evolved by hiring and developing teams to ensure the LeeBoy name continues to be known as a valued partner in the industry.
"In 2001, LeeBoy hired the first group of engineers to assist in creating drawings to develop higher quality parts to make our machines function at peak performance," Mark Bolick, General Manager of Product Support at LeeBoy said. "Over the last 15 years, our engineering team has vastly improved documentation for equipment and parts manuals to ensure that our products continue to be the leaders of the commercial asphalt paving industry."
LeeBoy has advanced in service processes and operations to avoid machine down time for customers.
"Five years ago, the field service representatives were relocated into the manufacturing facility, forming the Rapid Response team as we know today. This team is dedicated to providing service support for our dealers," Bolick adds. "LeeBoy Rapid Response along with our certified service schools, help our dealer technicians know more about our products which allows them to make faster repairs for the end users."
LeeBoy Looks Ahead
While much has changed over the years at LeeBoy, the feeling of family is something that has remained the same and those relationships will continue to drive success for the business and their customers.
"The close-knit feeling that emerged from the Lee family business years ago still exists today with our customers and dealers," Bolick said. "We continue to introduce our valued business partners to the latest trends and technology to outpace the competition. Our customers are the backbone to our success and we will always continue to build our equipment with the paving professional in mind."
And while the last 60 years at LeeBoy have been full of success and growth, the company is showing no signs of slowing down - and no plans in changing how they have always put the needs of their customers first.
"The future success of LeeBoy is dependent on the high level of dedication and commitment we provide to our dealers and customers," Bryce Davis, Director of Sales at LeeBoy said. "As we continue to listen to feedback from the field, top quality products are being manufactured, resulting in more profitability."
The company is investing heavily in research and development around new products and innovations. LeeBoy remains at the forefront of the industry when adapting their machines for impending regulations that may impact their customers. They currently manufacture four electric-powered machines and will continue to innovate as the industry demands.
"Our product development team as well as our sales and service support team are stronger than ever, enabling record production capacity," Seymour said. "And each day, we are looking for ways to be better. We are never satisfied and will continuously innovate and improve to provide the best paving solutions to the paving contractor."
LeeBoy will be celebrating their 60th anniversary throughout the year and looks forward to seeing customers at events and on jobsites to share stories of their own.
LeeBoy is powering the world of asphalt with top-of-the-line machines and productive commercial asphalt paving equipment: commercial asphalt pavers, motor graders, distributor trucks, brooms and more. Our customers are accustomed to receiving the stability and experience that corresponds with the company's reputable 60-year history. Made in the USA, LeeBoy's ISO-certified manufacturing is evidence of our dedication to quality and commitment to provide the absolute best equipment solutions. We entrust our people and our customers to build America one road at a time.
*Press Release Deployed Through IRONMARKETS
As one of America's top business-to-business media companies, IRONMARKETS reaches millions of professionals annually and leads the way in providing targeted content to top decision-makers and organizations. With a portfolio of renowned brands in heavy construction, asphalt, concrete, paving, rental, sustainability, landscape, manufacturing, logistics, and supply chain markets, IRONMARKETS delivers relevant, cutting-edge content through its industry-leading digital properties, trade shows, videos, magazines, webinars, and newsletters. It also provides advertisers with the analytics, data, and ability to reach their target audience.
Jessica Lombardo, IRONMARKETS, 800-538-5544, [email protected], https://www.iron.markets/


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Hull blades bring jobs joy
Impact study shows local benefits of new Siemens Games facility
A £310m investment by Siemens Gamesa and Associated British Ports in a new wind turbine blade manufacturing facility at Alexander Dock in Hull has created more than 2000 jobs, according to an economic impact study.
The two companies announced they were making the investment in 2014 and finished building the facility last year. Its effects on the renewable energy sector and its supply chain have been studied by Green Port Hull, a partnership that includes the University of Hull's Logistics Institute.
Two years into the three-year study, preliminary findings indicate the development created direct employment via Siemens Gamesa of 1063 jobs, with the potential for an additional 627 support jobs, based on the latest employment multiplier data for the UK manufacturing sector.
Green Port Hull has also reported its supply chain development work, which identified the creation of a further 1282 jobs in the local supply chain.
Among other findings, the studies found the facility had a "multiplier effect" of 1.47, so for every £1 of investment, an additional 47p was generated in the disposable income of the local economy of the Humber.
“What the report shows is, despite the challenges, the Hull and the Humber region is on track to become one of the UK’s leading clusters within the sector," Siemens Gamesa head of business development Ray Thompson said.
"With offshore wind set to form an important part of our nation’s electricity system going forward, there is great potential for more supply chain opportunities and further growth.”


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Summer Economic Update – what is the impact on the leisure and tourism sector?
The leisure and tourism sector received some welcomed support measures from the Government in the July Economic Update. Rishi Sunak revealed some new initiatives to help boost customer demand as lockdown measures are eased and businesses start to reopen.
The main headlines were:
Eat Out to Help Out scheme
The Eat Out to Help Out scheme will entitle diners a 50% discount, capped at £10 per head, on eat-in meals in participating restaurants. The scheme will apply to meals taken on Mondays to Wednesdays throughout August, and will include the cost of non-alcoholic drinks. Participating restaurants will be reimbursed by the government for the 50% discount.
We await detail on how VAT will be accounted for on the discount.
A temporary cut in VAT
From 15 July 2020 to 12 January 2021, the rate of VAT will be reduced from 20% to 5% on food and non-alcoholic drinks from restaurants, pubs, bars, cafés and similar premises across the UK. Further guidance on the scope of this relief will be published by HMRC in the coming days.
Over the same period, the VAT will be reduced to 5% on tourist accommodation and attractions including cinemas, theatres and zoos.
Our VAT Partner, Jonathan Main, filmed a webinar discussing these changes which you can watch here. We have also developed a factsheet detailing the ways in which businesses can prepare for a VAT cut rate and the key points to consider.
There were also numerous measures to help employers:
Job Retention bonus
The government will make a £1,000 payment to businesses for every furloughed employee that they bring back to work. To qualify, the employee must be continuously employed until 31 January 2021 at a wage of at least £520 per month. Payments will be made from February 2021. It is unclear whether employees will qualify if they have already returned to work, and further detail will be announced by the end of July.
The government will fund the cost of wages of newly created jobs for 16-24 year olds who are on universal credit. The subsidy will cover 100% of the national minimum wage plus NIC and auto enrolment pension contributions, for a six-month period.
The government will pay a £1,000 subsidy to businesses who provide young trainees with work experience. These will be offered for 16-24 year olds with Level 3 qualifications and below.
The government will pay £2,000 to employers in England for each new apprentice they hire aged under 25, and £1,500 for apprentices aged 25 and over. The payments will be made for apprentices hired from 1 August 2020 to 31 January 2021.
For details of other measures that were implemented in the Update, please visit our dedicated Hub page.
We will release more information as they are revealed. If you would like further information please contact Colin Johnson.


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In a change to normal service, BusinessGreen runs down the top five lessons from the Energy Bill
The Energy Bill will be published next week Yes folks, after months of waiting the Energy Bill will finally be put before Parliament next week. The word is that it will be published on Thursday, creating...
In emotional interview, Tesla founder says he has endured 'the most difficult and painful' time of his career
Sportswear brand follows Stella McCartney and Nike into sustainable trainer sector with sneakers boasting a bioplastic sole
Future Energy Home pilot will study how well smart home technologies sync with everyday life
Engineering giant launches battery-based energy storage system for shipping industry