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Initially, the mediator announced the extension would be 30 days, until Jan. 28. Later, the union and its bargaining opponent, the U.S. Maritime Alliance, said they had agreed to extend it even further, "in view of the year-end holiday season."
The terms of the royalty agreement were not announced.
The master contract between the International Longshoremen's Association and the Maritime Alliance originally expired in September. The two sides agreed to extend it once before, for 90 days, but it had been set to expire again at 12:01 a.m. Sunday.
As recently as Dec. 19, the president of the longshoremen, Harold Daggett, had said a strike was expected.
A work stoppage would have idled shipments of a vast number of consumer products, from electronics to clothing, and kept U.S. manufacturers from getting parts and raw materials delivered easily.
Business groups expressed relief that the two sides had agreed to keep the ports open.
"A coast-wide port shutdown is not an option. It would have severe economic ramifications for the local, national and even global economies and wreak havoc on the supply chain," said National Retail Federation President Matthew Shay.
Major ports that would have been frozen included the massive terminals serving New York City overseen by the Port Authority of New York and New Jersey, and critical seaports in Savannah, Ga., Houston, and Hampton Roads, Va.
New York Shipping Association President Joseph Curto said avoiding a strike is critical "to thousands of workers who depend on port activities for their livelihood."
Other ports that would have been affected by a strike are in Boston; the Philadelphia area; Baltimore; Wilmington, N.C.; Charleston, S.C.; Jacksonville, Fla.; Port Everglades, Fla.; Miami; Tampa, Fla.; Mobile, Ala.; and New Orleans. Reasons to care about the talks
The deadline • The contract expires Feb. 6 now that the two sides have agreed to a second contract extension. The White House has urged dockworkers and shipping companies to reach an agreement as quickly as possible.
Key issue • A key sticking point until it was resolved Friday was a proposal to freeze royalties workers get for every container they unload, which the union opposed.
Goods that would be affected • A range of items transported in containers on ships, including flat-screen TVs, sneakers and snow shovels.


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An Electric Car for Wheelchairs
Istvan Kissaroslaki was working in finance in Germany when he became sick -- sick enough that he had to stop working for six months. During his convalescence, his perspective on life changed: the finance world just didn't seem right anymore.
"I felt like I wanted to do something more meaningful with my life than making as much money as possible and trying to increase the yield of a financial institution," he said.
"I was thinking about teenagers in wheelchairs. What do they do when they’re sitting at home and their friends are getting driver's licenses?" Kissaroslaki said. "They hope to have public transportation or someone who can drive them. That was my motivation, to give these teenagers mobility." Between 2006 and 2008, Kissaroslaki worked on this car (which was originally designed by a company he worked for) as a side project. But in the middle of 2008 he realized that Kenguru needed more of his time and attention, so he quit his full-time job to work on the car instead.
In 2009, when the project was in limbo because of financial problems, Stacy Zoern, a Texas lawyer disabled by a muscle disease, happened upon Kenguru online and reached out to Kissaroslaki.
"I told her what happened and that we’re not building them and I’m back fundraising. This answer didn’t make her happy, and she kept calling." Kissaroslaki said.
He went to visit her in Austin a few months later, when he decided to give her a piece of the company and they started working on Kenguru together. A year later, Kissaroslaki moved from Hungary to Austin. Now, they're even earning shout-outs from President Obama.
Kenguru decided to make the car electric for practicality's sake. "It’s more comfortable to ride in a small vehicle that's electric than a small one with a combustion engine," Kissaroslaki said. "Plus, subsidies are more likely to be given by governments if the product is green."
The Kenguru is definitely small -- smaller than a Smart Car in fact. It can travel up to 25-35 miles per hour (depending on the regulations in your state) and around 60 miles a day. The first vehicles will be rolling off the assembly line sometime in 2015.
"The first generation vehicle will have a retail price around $25,000," Kissaroslaki said. "Our goal internally is to dramatically reduce this price over the first three years, to somewhere under $15,000."
Most customers, he adds, are paying a fraction of the cost, and many pay nothing. This is due in part to subsidies for eco-friendly vehicles, but the biggest deduction available in the US and western Europe is if someone needs the vehicle to go to school, work, or otherwise engage in a way that's beneficial to their country. Some agencies or vocational rehab programs will pick up 95-100 percent of the cost in this case.
"For any city, for any government, it makes sense to invest $50,000 to $100,000 in someone in a wheelchair who’s eager to go to school or work," Kissaroslaki said.
Kissaroslaki, Zoern, and the others at Kenguru are planning to come up with more ideas to increase accessibility and independence of those in wheelchairs, but the first generation vehicle is taking the front seat in priority.
"We will have other products out that will address the same market, but for now I would like to focus on the task in front of us," Kissaroslaki said.
--All images courtesy of Kenguru
Jessica Zischke is an editorial intern at Sierra. She is currently studying environmental studies at Dartmouth College, where she also works as a staff writer for The Dartmouth newspaper.

domain: news


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Sales of boxed copies of Windows Vista at retail stores significantly trailed those of Windows XP in each product's first week on shelves, according to new figures from NPD.
The market research firm's data showed the number of copies of Vista purchased was nearly 59 percent less than the number for its predecessor XP, looking at the first week of sales. Revenue was also down, but less dramatically, with the dollar value of first-week Vista sales off 32 percent from that seen with XP.
Vista went on sale both on retail shelves and on new PCs on January 30. Businesses with volume license contracts have been able to get the new operating system since November.
Although boxed-copy sales were weaker, PC sales during the launch week were up 67 percent over computer sales in the same week a year earlier, NPD analyst Chris Swenson noted.
"Thus, the preliminary data suggests that consumers are getting the message that they need a more robust system to take advantage of some of the new features in
Vista, and thus a relatively smaller number are opting to upgrade older machines with the new OS themselves," Swenson wrote in an e-mail.
NPD's report includes sales data from retailers such as Amazon.com, Best Buy, Circuit City, CompUSA, Kmart, Office Depot, OfficeMax, Staples and Target. The research covers the seven days beginning January 28, 2007, for Vista and the seven days beginning October 21, 2001, for Windows XP.
While sales of Vista were not as strong as with XP, weekly unit sales of Windows were five times higher than those of a year ago--meaning there was some bump for Vista, Swenson said. Also, he noted that the new high-end Ultimate Edition represented 30 percent of shipments. That helped boost the average selling price of Vista to $207, a rise of more than 65 percent from the average selling price of XP during its first week.
"So, although total dollars were down compared to XP, I think the preliminary data shows that Microsoft's gamble on a new high-end Vista (edition) will help keep dollar volumes from declining as rapidly as unit volumes in the near term," Swenson wrote.
An earlier NPD report showed stronger-than-expected sales to businesses for Vista since its November business launch, although the amount of study data was limited.


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(MENAFN- Ameliorate Digital Consultancy)
Selbyville, Delaware: Global Market Insights Inc., announces a report on Sleep Disorder Market Trends & Forecast – 2027.' The study encompasses an elaborate analysis of the product, application, and regional trends in the industry.
“Global sleep disorder industry size projected to be valued at $20.6 billion by 2027, suggests a Global Market Insights, Inc. report”
Sleep disorder market is likely to gain significant profits in the coming years. The onslaught of COVID-19 has been anything but positive, permanently affecting sphere of human life. According to the researchers, those with obstructive sleep apnea and other breathing disorders that cause oxygen levels to decrease during sleep are at a higher risk of severe sickness from COVID-19.
To access a sample copy or view the Sleep Disorder Market report in detail along with the table of contents, please click the link below:
According to a recent study involving COVID-19 positive and COVID-19 negative individuals, those with a positive test result were 41% more likely to be diagnosed with sleep disorders, as well as 61% more inclined toward the use of sleep medication of some kind.
Even before the onset of the pandemic, the sleeping patterns of individuals worldwide had been changing. A 2019 report by Raconteur, a content marketing agency, states that nearly 62% of the global adult population reported having poor sleep quality.
One of the most prominent factors driving sleep disorder market growth in recent years is the growing prevalence of chronic ailments. More than 50 million Americans suffer from chronic sleep disorders, out of which, insomnia and obstructive sleep apnea are the two most prevalent, involving about 10 to 30% of the population.
Insomnia: A growing concern for many
Insomnia is defined as a condition in which the person has difficulties in sleeping or staying asleep, which causes exhaustion, difficulty focusing, and irritation. According to psychiartry.org, around one-third of individuals suffer insomnia symptoms, with 6-10% meeting the criteria for insomnia disorder. According to another study by Flinders University researchers, those who have both insomnia and obstructive sleep apnea are more likely to have cardiac issues.
Companies are at work to cater to the growing market demand. In September 2021, Asahi Kasei unit ZOLL Medical entered into an agreement to acquire medical device and digital health business, Itamar Medical. Itamar manufactures non-invasive medical equipment and solutions for the diagnosis of respiratory and sleep diseases.
The WatchPAT Home Sleep Apnea Device was created by the firm to help with the diagnosis of sleep apnea. The U.S. Food and Drug Administration (FDA) has approved the product for use as a home-based testing option for sleep disorders. According to ZOLL Medical, OSA is associated with an increased risk of developing and progressing coronary heart disease, heart failure, stroke, and atrial fibrillation.
Rising cases of sleep apnea
According to my.clevelandclinic.org, sleep apnea may affect people of all ages, including newborns and children, although it is more common in adults over 50 and those who are overweight. If left untreated, it can lead to major health issues such as high blood pressure and cardiac difficulties. As leading companies strive hard to combat the rising cases of sleep apnea, product innovations, along with other marketing tactics have proven to be pivotal.
Somnics Inc, a medical equipment expert in sleep breathing problems, unveiled iNAP in 2021, a novel oral negative pressure device for the treatment of adult obstructive sleep apnea. The technology employs a mouthpiece with thin tubing, and a small, battery-powered console the size of a smartphone to apply a gentle, oral suction during sleep, allowing the airway to remain open while breathing normally via the nose.
Sleep disorder therapy gains prominence
The demand for therapeutics is increasing, due to an increase in the number of persons suffering from cognitive sleep disorders. To cater the growing demand, Idorsia (IDIA.S), a Swiss pharmaceutical company, announced U.S. FDA approval for its adult insomnia therapy, in January 2022. The medicine, to be marketed as Quviviq, demonstrated clinically relevant improvements in nighttime sleep and daytime functioning during trails, over a sustained period.
A growing number of emerging medical-technology companies are joining larger corporate players to tap into the market potential. Astellas Pharma Inc, Cardinal Health, Cadwell Laboratories Inc., Compumedics Limited, Ferring International Center SA, GlaxoSmithKline plc, Koninklijke Philips N.V., and ResMed Inc. are listed amongst the top companies offering sleep disorder diagnosis and treatment products globally.
Partial Table of Contents (ToC) of the Sleep Disorder Market report:
Chapter 4 Sleep Disorder Market, By Disorder Type
4.1 Key segment trends
4.2 Sleep apnea
4.2.1 Market size, by region, 2016 – 2027 (USD Million)
4.2.2 Obstructive sleep apnea
220.127.116.11 Market size, by region, 2016 – 2027 (USD Million)
4.2.3 Central sleep apnea
18.104.22.168 Market size, by region, 2016 – 2027 (USD Million)
Chapter 5 Sleep Disorder Market, By Product
5.1 Key segment trends
5.2.1 Market size, by region, 2016 – 2027 (USD Million)
5.2.2 Actigraphy systems
22.214.171.124 Market size, by region, 2016 – 2027 (USD Million)
5.2.3 Polysomnography (PSG) device
126.96.36.199 Market size, by region, 2016 – 2027 (USD Million)
Browse complete table of content of this report @
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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Gaining the Whole World Wide Web without Losing Our Souls
The people of Sweden are the "best" in the world at using the Internet. That's according to a five-year study conducted by the World Wide Web Foundation, which recently released its findings.
What does it mean to be "best" at using the Internet? It's an interesting question in light of this summer's warnings from Silicon Valley elites to put down the smartphones and step away from our computers. They worry, as many others (who were largely dismissed as hopelessly out of touch) have worried for years, that they may have created a monster. Turns out they have discovered for themselves that Internet use demands moderation. Among the dangers they've identified are "people's inability to disengage" and the need to "help them slow down and disconnect."
Tech professionals aren't the only ones waking up to the Internet's destructive powers. In the updated edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-V), to be released next year, an appendix will include a description of "Internet use disorder." Being included in the definitive reference for mental-health professionals often serves as a precursor to eventual listing as an official diagnosable condition, a move the American Psychological Association appears to have been considering since 1996.
The Web Foundation's study measured countries according to their Web accessibility and the percentage of the total population, as well as specific groups, using the Internet. It also considered issues of freedom and government ...1


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GEO Business – the leading international showcase for the geospatial industry, has unveiled its cutting edge commercial workshop programme for 2017. Featuring more than 80 workshops from 200 international exhibitors, GEO Business is expected to attract over 3,000 visitors from around the world. Held at the Business Design Centre in London, UK on 23-24 May, the workshops and exhibition are all FREE to attend.
Tailored specifically to equip geomatics and geospatial professionals with practical demos of the latest research, services and technology in action, the 80-strong workshop line-up covers everything from automation, multi-channel GPR, topographic surveying, and wearable technology to 3D modelling and visualisation, hyperspectral imaging, UAV developments, and laser scanning.
“Visitors to this year’s GEO Business will be treated to our most exciting line-up of hands-on commercial workshops yet,” says show director Caroline Hobden.
“They’ll enjoy opportunities to experience first-hand, ground breaking new products and services from leading industry innovators. Many of which won’t be exhibiting at any other event in the UK this year. Being able to compare what’s on offer in the market, and get advice and inspiration to ensure you make the best decisions for your business, is what makes GEO Business such an invaluable experience to the thousands of visitors that attend every year,” she continued.
The full line-up is now online to view at www.geobusinessshow.com/wp-content/uploads/GEO-Business-2017-Workshop-Programme-07.03.17.pdf
Workshop highlights include:
“We’re very much looking forward to GEO Business 2017, and the opportunity to share ideas and innovations around satellite data with delegates in both our workshop session and on our stand. This is an important event on our calendar for this year,” says Jonathan Summer, business development director at Earth -i UK.
Inspiring industry innovators
A few decades ago, few could have foreseen some of the technological advancements that now seem commonplace. The geospatial industry has certainly seen its share of game-changers. Applying these changes – and figuring out what’s next – is an over-arching theme at GEO Business 2017. In addition to the workshops and presentations, the show will feature 200 exhibitors and a packed conference programme of cutting-edge Keynotes offering real-time insights into the challenges and opportunities ahead. The exhibitor list is available to view online at www.geobusinessshow.com/exhibition/exhibitors.
GEO Business will take place on 23-24 May at the Business Design Centre in London, UK. For further information, and to register for a free ticket to attend the exhibition and workshops, please visit www.geobusinessshow.com/register CPD points are available at all workshops and conference sessions (conference prices start from £15 per day).


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Andrew Opie, director of food and sustainability at the British Retail Consortium (BRC), said: “A government-sponsored report published last year showed there was no link between promotions and food waste.
“The main method of promotions in this area is cutting the price rather than buy-one-get-one-free offers, which are rare.
“Retailers want to help customers make their money go further. They’ve also adopted a range of approaches to help people make the best use of the food they buy, including giving clear storage advice and recipe ideas, and offering a wider range of portion sizes.
“Using more of the crop to cut food waste and increase sustainable production is an objective for all retailers. This is how we are exceeding government targets for food waste.
“It was supermarkets that lobbied Europe to relax strict marketing rules on fruit and veg to allow us to sell more misshapen produce.
“This has led to an enormous increase in the sale of ‘wonky’ veg as highlighted this Christmas.”


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For the first time ever, the world is seeing not only a new Hyundai Elantra, but a Hyundai Elantra Hybrid. The 2021 model year is bringing a redesigned Hyundai Elantra plus an all-new hybrid model option, a first for the Elantra lineup. The dramatic coupe-inspired look of the 2021 Elantra is bringing sharp design elements that border into luxury territory. The 2021 Hyundai Elantra and Elantra Hybrid are bringing in segment-first technology features to San Tan Hyundai in Gilbert, AZ that showcase the brand’s commitment to bringing fresh technology to every new model.
The seventh-generation Elantra will sit on a new vehicle platform, bringing in a lower roofline, wider overall stance, and a longer wheelbase. Dive into the four-door-coupe look that this Hyundai is bringing and learn even more about the 2021 Hyundai Elantra in Gilbert, AZ below.
The 2021 Hyundai Elantra was built for everyday drivers who crave style and luxury on the road. The segment-first features, such as wireless Apple CarPlay® and Android Auto™, make staying connected behind the wheel easier than ever. The enhanced natural-language voice-recognition system makes voice commands convenient and simple.
Standard SmartSense safety systems add an array of new safety and driver-assistance technologies to the 2021 Hyundai Elantra. Drivers around the Chandler and Tempe areas will enjoy the convenience and reassurance of the vehicle’s standard safety systems, including Forward Collision-Avoidance Assist, Lane Keeping Assist, Driver Attention Warning, Blind-Spot Collision Avoidance Assist, and more.
For the very first time the Hyundai Elantra will be offered in both a gas-powered and hybrid model option. Showcasing the brand’s commitment to providing drivers with eco-focused vehicles, the availability of an Elantra Hybrid is a big move. The hybrid sedan will feature a lithium-ion polymer battery combined with a 1.6-liter GDI engine. Gas-powered Elantra models will be equipped with a 2.0-liter MPI Atkinson Cycle engine that will achieve 147 horsepower and 132 pound-feet of torque.
Shoppers around the Gilbert, Chandler, Tempe, and Mesa areas will find that San Tan Hyundai is the perfect spot to shop for a new Hyundai vehicle. Just a short drive away for those in neighboring cities and towns, local shoppers are sure to find their perfect fit behind the wheel of a new Hyundai from the San Tan Hyundai dealership.
To learn more about our available Hyundai vehicles or the upcoming 2021 Hyundai Elantra, contact a member of the San Tan Hyundai dealership team today or fill out our included contact form.


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If there’s a reason people doing silly things on social media, it is because the likes, which somehow confirm the validity of what they did. However, as probably heard, it has begun to Instagram to discuss the idea of hide likes on its platform, where they basically hide the number of likes that you get publications.
Now in a tweet on the Twitter network, announced Instagram that she will choose this on a larger scale, it will hide the likes on the global level. In the past, has been to test the waters in specific markets, but now it seems that Instagram would choose on a much larger scale. It’s a change is controversial, but the Instagram claims that the comments received in the markets where I tested this change was positive.
According to Inter, it has stated by saying : ” while the feedback from the preliminary tests in Australia, Brazil, Canada, Ireland, Italy, Japan, and New Zealand is positive, this change is fundamental in Instagram, so we continue our tests to find out more“, the company added : ” In addition, we understand that the number of likes is important for many creators, we think about constantly in the way to deliver value to creators and partners “.
As we have said, it’s a change is controversial, but it remains to be seen whether it will have a negative impact on content creators or not, but if you use Instagram and no longer see the number of likes on publications, you can bet you’re part of the tests.


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Just six members of Walmart’s Walton clan are worth as much as the bottom 30 percent of all Americans
There’s been a of headlines about the widening gap between rich and poor for months now, but this is pretty remarkable: Just six members of the Walton family, heirs to the Walmart fortune, possess wealth equal to that of the bottom 30 percent of Americans.
The calculation is based on data from 2007, the most recent round of the Federal Reserve Board’s Survey of Consumer Finances, which the net worth of Americans. (The extensive survey is performed once every three years, and the 2010 edition is expected to be released next year.)
Allegretto then compared those numbers to the net worth of the six members of the Walton clan as reported on the Forbes 400 list in 2007. They are all children or children-in-law of the founders of Walmart. Their total net worth that year: $69.7 billion.
That’s equal to the wealth of the poorest 30 percent of , according to Allegretto’s calculations.
One of those Waltons, by the way, is Alice, whose effort to create a world-class museum in Arkansas by purchasing hundreds of millions of dollars of art was recently in the New Yorker. More information on the other Waltons is available at .
- In Bentonville, Wal-Mart bribery scandal not causing too much concern (pri.org)
- Wal-Mart executives, directors sued by shareholder over Mexico bribery probe (business.financialpost.com)
- Wal-Mart’s shame grows worse (salon.com)
- Wal-Mart’s board: Can they handle the Mexican heat? – CNN (management.fortune.cnn.com)
- WalMart Involved in a Scandal? Really? (jl10ll.wordpress.com)
- A New Aquisition for Wal-mart? (carlojaymbumanlag.wordpress.com)
- Options Take: Pressure To Remain On Wal-Mart Woes (WMT, TGT, DG, BIG) (247wallst.com)
- To Serve God and Wal-Mart: The Making of Christian Free Enterprise by Bethany Moreton (kunavision.com)
- WalMart Bribery in México and all over the World (doctoramarthacastro.wordpress.com)
- Wal-Mart: A Prolonged Struggle Between the Company’s Commitment to the Highest Moral and Ethical Standards Against its Relentless Pursuit of Growth (Blog Post #6) (theprbuzz.wordpress.com)


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On World Emoji Day, Apple previews new emojis that will be available on iOS soon
Appleon Friday said it is previewing a selection of new emoji that will be available this fall with a free software update for iPhone, iPad, Mac and Apple Watch.
- Celebrating the
World Emoji Day, the iPhone maker revealed the newest emoji designs including bubble tea, pinched fingers, boomerang, transgender symbol, dodo, beaver, nesting dolls, coin, anatomical heart, lungs, ninja, and tamale
- Apple typically adds new emoji just after the release of the new operating systems in the fall.
Celebrating the World Emoji Day, the iPhone maker revealed the newest emoji designs including bubble tea, pinched fingers, boomerang, transgender symbol, dodo, beaver, nesting dolls, coin, anatomical heart, lungs, ninja, and tamale
Apple typically adds new emoji just after the release of the new operating systems in the fall.
AdvertisementIt means one would probably look for them in iOS and iPadOS 14.1 or 14.2, and in macOS Big Sur version 11.1 or 11.2.
With new Memoji, users will have new ways to express themselves, like new hairstyles. There are 11 new hairstyles, including man bun, top knot, simple side part, waves, and enhancements to fades.
One can customise Memoji with new face coverings, including the colour, to match look.
The users can show off style, hobby or profession with 19 new headwear styles, including a durag, tichel, cyclist helmet, nurse cap, or swim cap.
Three new Memoji stickers let users send fist bump, blush, or even a hug to friends.
In iOS 14, there are more ways to create your look with Memoji, where you can customisation options let you express yourself with over a trillion possible combinations.
In India, schools can’t conduct online classes for more than 90 minutes for class 1 to 8 — and other guidelines to follow
Infosys shares are on fire because it beat TCS and Wipro— and gave a soothing guidance
The world can’t wait for good news from Oxford, Serum Institute and AstraZeneca — but that is only the first step
Popular on BI
- Charanjit Singh Channi to be next Chief Minister of Punjab
- iQOO to launch its new smartphone AiQOO Z5 in India soon at ₹30,000
- India may soon reopen its doors for foreign tourists as COVID-19 cases decline in the country
- Airlines can now operate 85% of pre-Covid domestic flights, says Aviation Ministry
- Yes Bank-DHFL case: No sympathy, says court, Rana Kapoor's wife, daughters remanded to judicial custody


text: We heard last week that Apple was delaying the release of the iPad 3 due to a shortage of screens. This week we hear that's not the case, as the iPad 3 isn't likely to land until 2012 anyway.That comes from the Wall Street Journal, a publication usually on the mark with its predictions. It claims Apple is only now working with component suppliers and its 'assembler' in Asia ahead of trial production of its next generation iPad. That early production is said to be starting in October, so you can safely assume mass production isn't going to start until we enter 2012.The new tablet will feature a new processor and screen, the latter said to be a high resolution display of 2048x1536, putting to shame the current 1024x768 resolution of the iPad 2. Yes, as you might have guessed, this is likely to be the much-hyped Retina display, following in the path of the iPhone 4 and iPod touch, only on a much bigger scale with the 9.7-inch device.According to the WSJ, one component supplier to Apple said the company had already placed orders for parts for about 1.5 million iPad 3's in the fourth quarter. 'Suppliers will ramp up production and try to improve the yield rate for the new iPad in the fourth quarter before its official launch in early 2012,' said a source at the supplier.So it looks like no iPad 3 for Christmas, which perhaps make sense, leaving Apple to focus on its publicity for the heavily-anticipated iPhone 5, which is likely to launch in September and could be on the shelves by 12 September. Apple is probably doing you a favour anyway. Or at least doing your bank balance a favour.


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FRANCE: Pernod Ricard to sponsor museum - report
Pernod Ricard is to extend its sponsorship of the arts, according to press reports. Les Echos said yesterday that the French spirits manufacturer is to become the first sponsor of the future museum of primitive art in Paris.
The company has said it will provide €1m to finance construction of fountains and water terraces at the museum.
The museum is scheduled to open in the French capital in January 2006.
Pernod Ricard is already a sponsor of the Pompidou Centre in Paris.
As Pernod Ricard, Allied Domecq and Fortune Brands close in on the biggest drinks industry deal since the sale of Seagram, opinion about how the deal will be structured and who stands to win and lose ...
Maxxium Worldwide could come under pressure if Pernod and Fortune's Allied Domecq bid is successful, according to press reports today (14 April)....
It's been a quiet day on the Pernod/Allied Domecq front....
Conflicting reports circulated this weekend over whether Bacardi International is looking to form a counter-bid for Allied Domecq....
Todays press reports into Pernod and Fortune's hopes to buy Allied Domecq warn of possible conflicts and set a date for completion....
Pernod Ricard and Fortune Brands are considering a US$13 billion bid for Allied Domecq, the world's second-largest spirits company. Were it to take place, Pernod and Fortune would split Allied's brand...
Pernod Ricard and Fortune Brands are hoping to buy Allied Domecq for around 670p per share, according to press reports....
The US consumer goods group Fortune Brands has confirmed it is in talks about launching a joint bid with Pernod Ricard for Allied Domecq....
- Comment - Diageo Spins the Guinness Wheel... Again
- Diageo's Labels Give Industry Something to Digest
- Comment - 'Craft' and the Danger of 'Romance Copy'
- Is A-B InBev/SABMiller 'Mega-Merger' Off?
- Who should Stock Spirits Acquire?
- Diageo lines up UK innovations push
- Craft is an 'abused' term - Pernod Ricard exec
- Pernod Ricard queries nutritional label use
- SPI Group 'disappointed' over Stolichnaya ruling
- Diageo's Guinness Golden Ale
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Champagne: Less Than Bubbly
- Beer Market Insights Africa 2014
- ALDI 2015: Radically transforming Anglo Saxon grocery markets


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Oppo N1 is officially the first Google certified CyanogenMod phone
Recently we heard that HTC might be the hardware partner of the CyanogenMod, but it seems someone else took the lead. Its official now, Oppo N1 is the first Google-approved CyanogenMod phone. After passing through Google’s CTS (compatibility test suite), CDD (compatibility definition document), and CTS Verifier, the phone can now run Google apps and also have access to the Google Play Store.
Oppo N1 comes with a 1.7GHz quad-core Snapdragon processor, 2GB RAM, 5.9-inch 1080p display, 13 MP camera that can swivel upto 206 degrees, and we can expect the same specs in the CyanogenMod version as well. Oppo N1 already comes with support for CyanogenMod, and now N1 will be available as Cyanogen Inc. first ever smartphone.
Are you looking forward to grab one? Tell us about it in the comment box below.
The post Oppo N1 is officially the first Google certified CyanogenMod phone appeared first on AndroidGuys.


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Digi-Key plans expansion of UK sales activities
The online distributor has recenlty added a second sales manager in the UK and company president Mark Larson told Electronics Weekly there will be further expansion in the UK and other markets next year.
“There will be more activity in the UK in 2014,” said Larson.
The expansion next year may be part of Digi-Key’s plans to build a short-order production business in the UK and in other European countries.
Larson said the online distribution company is now in a position to start winning short order production business in Europe, as it is already doing in the US market.
The online distributor has changed its European business to address short-order production customers. It once prided itself on being “virtual” in Europe with no staff or sales offices.
In the last year it has opened sales offices in the UK, Italy, Germany, Poland and Stockholm. The online distributor has added five customer-facing sales staff in Europe including Central and Southern Europe, the Nordic Region, the Baltics and the UK.
Digi-Key is seeing a measureable acceleration in sales growth in the last few months of the year in the UK and other European markets.
UK sales increased by 8% in the first nine month of the year, but in September the year-on-year growth jumped to 15%. And the jump was even bigger in Germany and Italy.
There is global expansion too. Digi-Key’s first sales office in Shanghai opens this month and Larson expects an office to open in Japan next year.


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The sun is setting on a Dubai institution, as 360˚ pulls its shutters down on May 12.
The popular Jumeirah Beach Hotel hotspot will close ‘in line with the planned refurbishment’ of the property, a statement read. While details of the new project yet to be revealed, Jumeirah Group has stated it will bring a ‘contemporary and fresh experience’ to the 13-year-old bar and restaurant.
The planned refurbishment will also extend to all guest bedrooms, the public spaces, lobby, retail areas, beach and outdoor facilities, as well as restaurants and dining outlets at the hotel.
Leading up to the closure, the hotel group has stated it will organise a series of farewell parties and gigs in the upcoming weeks, which will be announced across its social media platforms.


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Blogger turned business woman Suzanne Jackson is set to appear on the Late Late Show for the first time this weekend.
The Dublin entrepreneur, who began SoSueMe.ie in 2010 and now has a hugely successful beauty brand SoSu by Suzanne Jackson, will chat to Ryan Tubridy this Friday night.
In a press release from RTE the TV station said: “Suzanne Jackson is the creator of one of Ireland’s best-known lifestyle sites, SoSueMe.ie.
“And is also the founder and CEO of a bestselling beauty brand. Suzanne joins Ryan to chat about her rise to success and the influence that social media holds in society today.”
As well as SoSu by SJ becoming a top go-to site for Suzanne’s lash range, eyeshadow palettes and more, Suzanne also launched her first tan brand Dripping Gold last year.
She also just recently launched her own collection with popular online clothing brand In The Style.
Also on the show this week is Marty Morrissey and Bernard O’Shea, Senator Michael McDowell, with music from Soulé.
Listen to episode 17 of The Gosscast where we talk Keeping Up With The Kardashians return and celebs dating:


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After shipping metro optical access systems to a number of major China-based carriers, Luminous Networks will take the plunge and double its staff there over the next 90 days.
Tied to that, Luminous also plans to expand its current Shanghai facility by opening an office in Beijing in the first quarter of this year. The company's current China headquarters houses its staff and a customer demonstration lab. Over the next three months, Luminous will add staff for customer service, sales support, marketing, channel management and general management. Additionally, Luminous has already inked deals with seven reseller and system integration partners based in China. To date, deployments of Luminous' PacketWave metro optical access systems in China have reached 13 cities across seven provinces. Carrier customers include Shenzhen Keybridge Communications and Uninet Systems, among others.
"Luminous had the vision to recognize the opportunity in China early on and has capitalized on the market growth of the telecommunications infrastructure build-out in China," said Brian Noel, Luminous' vice president of marketing and business development.
Luminous' gear is based on pre-standard Residential Packet Ring (RPR) technology, creating a platform that combines Ethernet, TDM, video and wavelength services for telecommunications carriers and cable operators. A Layer 2 technology, RPR is designed to co-exist with legacy Sonet and Ethernet physical layers.
The 2.0 version of the RPR standard, the first to include a complete version of the draft, has been released for working group ballot. From there, the draft standard will weave its way through the consensus building process. An approval rate of 75 percent is required before it moves to the next stage, which is the sponsor group. A final draft can be published after achieving 75 percent approval at that stage.
A final, published IEEE RPR standard could be achieved by the late summer/early fall of 2003.


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“We were expecting a growth in sales of 40-50% over 2015-16, but there was a significant drag on business due to demonetisation,” Kushwaha said.
Thousands of Indian sellers have shipped bedding, jewelry, kitchenware and clothing to Amazon warehouses to serve bargain-hunting Americans.
In a meeting at the verdant gardens of Titan's new headquarters in Bangalore, Bhaskar Bhat shares his insights on CSR and sustainability at Titan.
Out of the total 35 Spexx stores, Titan has closed down 25 underperforming stores, while converting the remaining 10 to Titan EyePlus stores.
Subramaniam said Titan plans to open 15 jewellery stores in the second half of the fiscal year, on top of its existing 268 stores, to extend its geographical reach.
The deal would be the first such investment by a strategic investor in the IoT space.
“We have had a great Dhanteras and Diwali season. The growth in watches is back.”
The Tata group company has benefited from demonetisation and the goods and services tax (GST).
Consolidated total income of the company increased 29.56 per cent on year-on-year basis to Rs 3,517.70 crore during the quarter under review.
With the exemption on PMLA, the 2nd half of the fiscal is likely to be strong for the company.
During the quarter, its jewellery division was also impacted from the applicability of the Prevention of Money Laundering Act to the jewellery business.
"Although jewellery is not an investment product, it is a store of value. You do not really invest in jewellery, but you buy jewellery when you want to wear it and actually use it," said Bhatia.
Titan shares rose as much as 4.6 percent to a record high of 636.65 rupees on Monday. They have risen 86 percent this year up to Friday's close.
Amazon through its 'Global Selling Programme' will enable Titan take its vast range of watches to millions of global customers across ethnicities on Amazon.com in the US and eventually across other Amazon marketplaces.
The company had reported a net profit of Rs 120.89 crore in the corresponding quarter a year-ago.
"The extremes in the watch business across the world are 2-3% margin amongst Japanese brands and about 17-18% amongst the Swiss brands. So there is a wide fluctuation," said Bhat.
"While the GST rate of 28% will increase the effective tax incidence on watch division, we do not expect prices to go up because of input tax credits," the company said.


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Etta, which serves pizzas, pastas, salads and other foods, is expanding, according to a release from Trammell Crow announcing the Evanston lease. It has locations in the River North and Bucktown neighborhoods, and in Scottsdale, Ariz., and Culver City, Calif., according to its website.
David Pisor, CEO of parent company Etta Collective, said in the news release that the company plans to open two more Ettas and launch a new steakhouse concept by next year.
“We are thrilled to be opening our third Chicago location at the North Shore’s most anticipated new development, Evanston Labs," he said in the release. "We look forward to growing our partnership with TCC in key markets.”
The Etta restaurants were spun out of a company called What If Syndicate, the parent of Gold Coast steakhouse Maple & Ash, earlier this year. Pisor and Maple & Ash co-founder Jim Lasky were involved in a 10-month-long court battle, and the settlement resulted in a divvying up of the company's restaurant portfolio.
Pisor and chef/partner Daniel Perretta, who also had not been involved in the suit, took ownership and control of the Etta brand and Cafe Sophie in Chicago.


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Bookshout Pivots From Social Reading to Bulk eBook Sales
This startup launched in October of last year with a novel social reading platform that drew readers in by offering the ability to import your ebooks from your Nook and Kindle accounts. That feature fell by the wayside, and so did the social reading.
BookShout put out a press release today and announced that they are offering a new service to authors and publishers. They’re now going to help publishers and authors distribute ebooks (both free and paid) in bulk to fans, reading groups, and the like.
TBH, I’m not sure if this qualifies as news, given that it basically repeats their news from April. At that time Bookshout raised $6M in capital, and they also announced the new bulk ebook sales:
BookShout, which is available on the web and for Android and iOS, recently rolled out tools for digital bulk sales and promotions. It offers gift cards and promo codes and added an “author circles” feature that lets authors communicate with their fans. The company says it is working with 250 publishers and sells over 100,000 ebooks on its platform. But it would not reveal how many users it has.
But the press release today does offer more information, so I thought it was worth a post.
BookShout is now offering a bulk ebook distribution service which competes indirectly with Livrada and Enthrill.
But unlike those other 2 services, BookShout doesn’t offer broad platform support. Instead BookShout says their service is:
Available for readers on iPads, iPhones, Android devices, Kindle Fire HD, Nook HD/HD+ and the web, BookShout! is the only platform where publishers can fulfill digital bulk ebook distribution with DRM, white-labeled redemption pages and contact capture tools.
See, that doesn’t mention the Nook and Kindle Stores. This is an important distinction because Livrada can offer bulk ebook distribution which the end user can redeem through the Kindle, Nook, and other ebookstores. Their platform was initially based on a gift card system which of course had to work with the ebookstores that consumers wanted to use.
But I would think BookShout would rather that you didn’t notice such details and instead focus on their partners:
BookShout! today announced that a number of prestigious companies, including CareerBuilder, HarperCollins Publishers, Microsoft, Startup Revolution, Wiley and others are using BookShout!’s bulk ebook distribution and fulfillment services.
Publishers can use BookShout! to fulfill orders with emailed promotional codes, physical gift cards or embeddable links.
But in spite of the lack of support for the major ebookstores, BookShout does have at least one card up its sleeve. Their platform is focused more in giving the author/publisher more control. It’s a white-label solution, and for example BookShout offers partners the option of branded redemption pages like the one shown at right.
That type of branding can be worth a lot.


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Washington, D.C. – Congressman Frank Lucas (OK-03) released the following statement after President Trump officially signed the United States-Mexico-Canada Agreement (USMCA) into law:
“Today is a historic day for Oklahoma’s farmers, ranchers, and manufacturers. With what started out as a campaign promise, today, President Trump signed into law the USMCA- a critical agreement modernizing and rebalancing the trade relationship our nation has with Canada and Mexico.
Trade with Mexico and Canada supports over 112,000 Oklahoma jobs and we export over $2.4 billion worth of goods and services to our neighbors to the North and South annually. By increasing market access for Oklahoma’s agriculture producers and ensuring a level playing field for our businesses and workers, the USMCA is sure to foster more opportunities for Oklahomans.
The strength of our great state can be seen through the long days our farmers and ranchers spend in the fields or by the labor of our manufacturers. I applaud President Trump and his Administration for fulfilling his promise to the American people and renegotiating this fair and reciprocal agreement and I look forward- as do my fellow farmers and ranchers- to Canada and Mexico fully implementing this historic agreement.”
According to a United States International Trade Commission estimate, the United States-Mexico-Canada Agreement would raise U.S. real GDP by $68.2 billion and U.S. employment by 176,000 new jobs. The Commission also estimates that U.S. exports to Canada and Mexico would increase by $19.1 billion and $14.2 billion, respectively.
USMCA will advance United States agricultural interests in two of the most important markets for American farmers, ranchers, and agribusinesses. This high-standard agreement builds upon our existing markets to expand United States food and agricultural exports and support food processing and rural jobs.
Canada and Mexico are our first and second largest export markets for United States food and agricultural products, totaling more than $39.7 billion food and agricultural exports in 2018. These exports support more than 325,000 American jobs.
All food and agricultural products that have zero tariffs under the North American Free Trade Agreement (NAFTA) will remain at zero tariffs. Since the original NAFTA did not eliminate all tariffs on agricultural trade between the United States and Canada, the USMCA will create new market access opportunities for United States exports to Canada of dairy, poultry, and eggs, and in exchange the United States will provide new access to Canada for some dairy, peanut, and a limited amount of sugar and sugar-containing products.
Key Provision: Increasing Dairy Market Access
- America’s dairy farmers will have expanded market opportunities in Canada for a wide variety of dairy products. Canada agreed to eliminate the unfair Class 6 and 7 milk pricing programs that allowed their farmers to undersell U.S. producers.
Key Provision: Biotechnology
- For the first time, the agreement specifically addresses agricultural biotechnology – including new technologies such as gene editing – to support innovation and reduce trade-distorting policies.
Key Provision: Geographical Indications
- The agreement institutes a more rigorous process for establishing geographical indicators and lays out additional factors to be considered in determining whether a term is a common name.
Key Provision: Sanitary/Phytosanitary Measures
- The three countries agree to strengthen disciplines for science-based measures that protect human, animal, and plant health while improving the flow of trade.
Key Provision: Poultry and Eggs
- U.S. poultry producers will have expanded access to Canada for chicken, turkey, and eggs.
Key Provision: Wheat
- Canada agrees to terminate its discriminatory wheat grading system, enabling U.S. growers to be more competitive.
Key Provision: Wine and Spirits
- The three countries agree to avoid technical barriers to trade through non-discrimination and transparency regarding sale, distribution, labeling, and certification of wine and distilled spirits.


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Positive signs in the Iron Range economy but worries it’s still driven largely by the mines. A dispatch from our Economic Lookout.
From chief economics correspondent Chris Farrell Government statisticians said today that consumer price inflation remains tame. The Consumer Price Index (CPI) is up a mere 1.1 percent over the past 12 months ending in August. The so-called core rate of inflation–the CPI minus volatile food and energy–has risen a 0.9 percent over the same time Read more →
One-person businesses are a crucial part of Minnesota’s rural economy but does the government see it that way?
The media may see a recovery in Rochester but many citizens don’t. An Economic Lookout dispatch.
On a western Minnesota evening, Minnesotans talk about the economy as they see it.
Life as a recent college grad in the Great Recession. An Economic Lookout dispatch.
From chief economics correspondent Chris Farrell As the summer of 2010 winds down the wars in Iraq and Afghanistan are in their eighth and tenth years. The Minnesota National Guard has actively served in both conflicts and elsewhere throughout the world. Sad to say, we’ve had all too many reminders of the human cost of Read more →
Core jobs are back on the Iron Range, but the region needs to expand its base. A dispatch from our Economic Lookout.
From chief economics correspondent Chris Farrell Ugh. (That’s a highly technical economic term). The U.S. economy expanded at a muted pace during the second quarter of the 2010. Government statisticians calculate that the economy expanded at a mere 2.4 percent annual rate. They also figured that the recession–the deepest and longest since the 1930s–was even Read more →
From chief economics correspondent Chris Farrell The Great Recession was still in full force for much of 2009 when I wrote The New Frugality. The book came out in January, 2010 and by then we knew that the recession had been the longest, deepest, and most punishing downturn since the 1930s. Very few people were Read more →


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Kruger doubles production of its future tissue machine in Sherbrooke, Que.
by CM Staff
The double-wide machine, which features LDC (light dry crepe) technology, will be able to produce at least 60,000 metric tonnes of tissue products annually.
SHERBROOKE — On Dec. 17, Kruger Products announced that it will double the size and production of its future LDC tissue machine in the Brompton borough of Sherbrooke. The machine is slated to be commissioned in 2024.
After revealing on February 26, 2021, a $240-million expansion project to install the machine and add two converting lines, the Company announced that it is increasing its investment by $111.5 million, for a total of $351.5 million. The double-wide machine, which features LDC (light dry crepe) technology, will be able to purportedly produce at least 60,000 metric tonnes of tissue products annually for the Canadian and U.S. markets.
Kruger Products’ new Sherbrooke tissue plant was commissioned on time and on budget earlier this year, after close to one million hours of construction during the pandemic. When combined with the $600 million invested in this plant and artificial intelligence, investment in the Brompton Borough totals nearly $1 billion and will result in the creation of 321 jobs in all.
“The additional production capacity will enable us to drive our Company’s growth and continue to supply our customers across North America with high quality tissue products such as Cashmere®, SpongeTowels®, Scotties® and Purex® in Canada, and White Cloud® in the United States,” explained Dino Bianco, CEO of Kruger Products.
Earlier this year, the Government of Québec, a partner in the project, provided a $165-million loan through Investissement Québec. The additional investment of $111.5 million announced on Dec. 17, however, is entirely funded by Kruger Products and a bank syndicate.
“Quebec’s pulp and paper industry needs to renew and modernize itself. Kruger Products’ acquisition of this new machine is a great example of technological innovation, which will allow it to double its production capacity. It’s the kind of initiative that will boost the industry’s performance and growth,” said Pierre Fitzgibbon, Minister of Economy and Innovation and Minister Responsible for Regional Economic Development.


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- The May CBI distributive trades survey was less strong than expected, but still pointed to consumers spending at a reasonable rate after a strong start to Q2
- The CBI’s sales balance edged back to a still decent +18% in May after rising to +20% in April (the highest level since September 2018) from -45% in March. This was buoyed by non-essential retailers being closed throughout the corresponding period in 2020
- The survey indicates that retailers are relatively upbeat about sales prospects in June, with a balance of +16% expecting sales volumes to be up year-on-year. This is backed up by strong investment intentions, although employment plans are weak
- May’s limited change in the sales balance follows the latest Office for National Statistics (ONS) data showing retail sales volumes rose 9.2% month-on-month in April. Additionally, it still appears that the economy saw a decent performance in May after a strong start to Q2 in April
- Retail sales should benefit from non-essential retailers now being open. However, some spending from the retail sector may be diverted away by the hospitality sector fully opening up on 17 May
- While the May CBI distributive trades survey is softer than expected, it does not alter the EY ITEM Club’s belief that consumers are well-placed to play a key role in robust UK recovery developing from Q2
- Consumer activity should benefit from recent very high savings ratios, especially as the labour market has been resilient and has even lately shown improvement. Consumer confidence has also strengthened markedly
Howard Archer, chief economic advisor to the EY ITEM Club, says:
“The May CBI distributive trades survey points to retail sales being at a relatively decent level in May after a significant increase in April. Hard data from the Office for National Statistics (ONS) showed retail sales volumes rose 9.2% month-on-month last month.
“The CBI’s sales balance edged back to +18% in May after rising to +20% in April – the highest level since September 2018 – from -45% in both March and February, and -50% in January, which had been the lowest level since last May.
“The April and May balances were lifted by the fact that non-essential retailers had been closed throughout the corresponding period a year earlier. The CBI reported that retail sales volumes were seen as broadly in line for the time of year in May.
“The CBI said that wide disparities remain evident within the retail sector, and ‘while grocers, non-store retailers, hardware & DIY, and furniture & carpets retailers reported that sales were significantly above seasonal norms, sales were below normal in clothing and specialist food.’
“With non-essential retailers now open, retailers were reasonably upbeat about sales prospects in June. Specifically, a balance of +16% expect retail sales volumes to be up year-on-year in June. Furthermore, investment intentions in the sector were the highest since February 1994.
“However, employment intentions in the sector remained weak in contrast to generally recent upbeat news on the labour market.”


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Virtually every state in the Union has a serious problem with counterfeit pills made with fentanyl. During the month of September we have found reports of counterfeit pill deaths in Alaska, California, and Washington.
A medical doctor in Burley, Idaho has pleaded guilty to charges he used illegally imported breast implants from China on nine patients in his care. Dr. Temp Ray Patterson has admitted in court that he misled his patients by telling them the breast implants were FDA-approved; when he knew for a fact they were not.
Fitoterapia USA Inc., is voluntarily recalling 19,000 bottles of MACHO ARTIFICIAL PASSION FRUIT FLAVORED VITAMIN C LIQUID SUPPLEMENT, liquid dietary supplement to the consumer level. FDA analysis has found the product to be tainted with Tadalafil.
This editorial by Peter J. Pitts was published in The Washington Times on September 11, 2019. Mr. Pitts is president of the Center for Medicine in the Public Interest and a former FDA associate commissioner.
The Department of Justice (DOJ) has announced that Aaron Michael Shamo, 29 has been found guilty by a jury of organizing and directing a drug trafficking organization that ordered imported fentanyl and alprazolam online from China and used the drugs to press fake oxycodone pills made with fentanyl and counterfeit Xanax tablets.
On August 21, LA City Attorney Mike Feuer announced two separate cases had resulted in charges. In the first, criminal charges have been filed against eight people for allegedly importing more than 100,000 units of non-FDA approved pharmaceuticals, and selling them in the local area on the street in front of local businesses. In a second case, Feuer’s office seized a website offering illegal, misbranded, and counterfeit medications for sale online.


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Brad tosses on a black pashmina at the premiere of 'The Curious Case of Benjamin Button' in Berlin. January 19, 2009.
Leave it to Kim Kardashian to make this a part of her maternity wear.
Research and development has never looked this sexy.
Fashion and pop culture collided last evening to recognize sartorial excellence at the 2015 CFDA Fashion Awards.


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Visa has unveiled the Africa Fintech Accelerator program that aims to support African entrepreneurs by providing knowledge, contacts, technology and investment capital.
Following Visa’s recent announcement that it would invest $1 billion in Africa’s digital transformation and its long-term commitment to improving the continent’s economies and promoting inclusive growth, the Africa Fintech Accelerator program has now been launched.
Executive chairman of Visa, Alfred F. Kelly Jr noted that Africa has one of the most exciting and admired fintech ecosystems in the world, bringing outstanding entrepreneurial talent to a young digital-first population that is growing fast.
“Visa has been increasing our investments in Africa for decades and strengthening partnerships throughout the continent to support the next wave of innovation and growth. Our new Fintech Accelerator will bring expertise, connections, and investment to Africa’s best fintech start-ups so they can grow at scale.”
Through a three-month intensive learning program centred on business growth and mentoring, the accelerator will give up to 40 entrepreneurs the opportunity to grow and accelerate annually.
Following the program’s conclusion, Visa plans to continue supporting the growth of the fintech industry by making capital investments in a small number of the participating companies and speeding up their commercial launch through the use of Visa technology and resources.
Beginning this month, two application periods every year will be used to accept applications from fintech startups across Africa.
“Finalists from this year’s African national editions will be asked to join the accelerator program in 2022 when more than 1,000 African fintech businesses will compete in the Visa Everywhere Initiative competition.”
In addition to its $1 billion pledge to Africa, Visa has recently introduced several business initiatives and programs to further advance the payments ecosystem in Africa. These include:
Establishing local operations in the Democratic Republic of Congo, Ethiopia and Sudan to help support and strengthen the local financial ecosystem. Visa has 10 offices across Africa from which it supports payments in all 54 countries.
Secondly, the firm has unveiled the first dedicated Visa Sub-Saharan Africa Innovation Studio, in Nairobi, Kenya, to provide a state-of-the-art environment to bring together clients and partners to co-create future-ready payment and commerce solutions.
Thirdly, Visa is introducing and expanding new technologies that help African consumers and merchants make and receive digital payments, such as Tap to Phone to turn a simple mobile phone into a point-of-sale terminal, as well as lowering remittance costs through innovative solutions like Visa Direct.
“Establishing Visa as the fintech partner of choice, working with innovators and entrepreneurs, including through the Visa Everywhere Initiative program, with dedicated country programs in South Africa, Kenya and Egypt. Also, Visa is launching new programs to support women’s empowerment together with financial partners, including She’s Next, which is bringing funding, mentoring and networking opportunities to female entrepreneurs leading growing SMBs in Egypt, Kenya, Morocco, and South Africa.”
Lastly, the firm is collaborating, with partners, to advance financial literacy in several languages, including the first Arabic version of Practical Money Skills in Egypt.


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Bud Gates' second Wichita Easyhome store opened Saturday at 407 E. Pawnee.
Gates, a longtime Wichita entrepreneur, is the president of Easygates LLC, owners of corporate and franchise Easyhome stores in the nation's $6 billion rent-to-own industry.
Tom Cardinal will manage the new store.
Gates' company has the exclusive rights to franchise or operate Easyhome stores in the 36 states not bordering Canada. Easyhome Ltd. is Canada's largest merchandise leasing company and the third largest in the U.S.


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No Further Proton-Honda Collaborations After Accord And PerdanaAuto News
Yesterday, Bernama reports that Proton Holdings will be launching three new models next year, developed in collaboration with Honda, leading many to believe that there will be more rebadged Honda models coming our way.
Furthers checks with reliable sources familiar with the matter however revealed quite the opposite.
While conceding that a new Proton Perdana will be launched next year (current model is only limited for government use) and it will be based on the previous generation Honda Accord, the source confirms that there will be no further model collaboration with Proton beyond the previous generation Accord.
Not much is known about the new Proton Perdana, but like the current model, it will still be based on the previous generation Honda Accord, but this time, it will have more Proton-specific styling elements.
The report by Bernama quoted Proton’s Chairman Tun Dr. Mahathir as saying that the 3 new models are an improvement over the existing Saga, Persona and Perdana, made with collaboration from Honda.
"In the automotive industry, we are always borrowing technology. Major car companies are always exchanging technology. In this regard, we are only using Honda's platform with the rest coming from our own efforts.
"The new models are equipped with the latest safety features and design. I really hope that all three models will enter the market in stages from January next year and will be well-received," said Tun Dr. Mahathir.
Was Dr. Mahathir referring only to the upcoming new Proton Perdana when commenting on the collaboration with Honda, with the remaining two models coming from either Proton or Proton's new partner Suzuki? Or is he jumping the gun with regards to any future work with Honda?
To date, Honda Motor Co. has not made any announcements about extending its existing collaboration with Proton.
As the collaboration is between Proton Holdings and Honda Motor Co., Honda Malaysia declines to comment on the matter.
See also: Proton-Suzuki Deal: A Quick Look At The Potential Models Coming Our Way


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Companies from the automotive sector will be consolidated in 2019, adding large investments for the State
The Central-Bajio area of the country is generating the highest investment attraction, with an annual growth of 4.9 %, and even, the total direct investment that arrived in 2017, 18 % remained in the states of San Luis Potosi, Guanajuato, Queretaro and Aguascalientes.
In 2018, the states of Guanajuato, Aguascalientes, Chihuahua, Queretaro and Puebla represent a strong production in the automotive sector, as they have received and important foreign investment in the last years; however, the Bajio region has been benefited by these big investments.
Guanajuato has received an investment of 677.4 million dollars, and is estimated that for 2020, it will become the first place in cars production nationwide, this according to the information from the Ministry of Sustainable Economic Development (SDES, by its Spanish initials.)
This is how it has the fourth place in the country in job generation, since in the last six years 279 companies invested, making it the most dynamic center of the automotive industry in Latin America.
According to information from SDES, local companies participate in 20 % on the manufacturing of engine vehicles, in addition of producing 1 of every 5 cars in the country.
Regarding this, Alejandro Hernandez Fonseca, undersecretary of Sustainable Economic Development, said in interview for Mexico Industry, that 2018 closed with 34 new projects, which have jobs committed by 14,600 and the total investment represented little more than 1,017 million dollars, therefore, for 2019 there is a different scenario, as there are international aspects to be considered; however, he said that there are anchor companies that have triggered the investment in neighboring States, such as BMW in San Luis Potosi which increased from 125 thousand units per year to almost 170 thousand, what requires supply and there are some companies in Guanajuato that are facing that, such is the case of the German company Waldashaff installed in Guanajuato at mid-2017 in the Vynmsa Industrial Park in Leon, being the first supplier of the firm in being installed in Guanajuato, from where they manufacture crash management systems.
“This kind of investments are the ones strengthening the automotive cluster Guanajuato considered the most dynamic in North America, in addition of betting on the solidification of the auto-parts sector supply chain, through the specialized talent complemented by the infrastructure conditions and connectivity in the entity,” he referred.
He anticipated that there are two more German companies planning on settling in the state of Guanajuato to work as BMW suppliers in San Luis Potosi, although he did not discharged that even suppliers of Mercedes Benz which is in Aguascalientes; as well as VW and Audi settled in Puebla are maybe analyzing in settling in the entity.
“The new rules of regional content integration represent opportunities for more companies to come to the center of the country and we will be promoting Guanajuato as main destination,” he noted.
Likely, Hernandez Fonseca explained that the commercial war between China and the United States is making Chinese companies turn to Mexico, as otherwise it will be unsustainable to produce their components with 25 % tax imposed to different components, therefore Guanajuato will use this juncture to land investment projects.
Development for supplying SME’s
Alejandro Hernandez Fonseca explained that there is a punctual agenda in SME’s development and the strengthening of the supply chain in Guanajuato, as there will be special attention in companies that already have operations in Guanajuato and that report expansion processes of their current operations.
“We believe that companies as Toyota could benefit from the local supply chain as Nissan did at the moment with more than a dozen of SME’s suppliers from Leon, Silao and Irapuato; we hope this happens with Toyota,” he said.
Since 2014, year when Mazda began its production in Guanajuato, they have positioned as a leading company in the Industrial Corridor where they offer more than 5 thousand 200 jobs that make possible an annual production capability of 250 automotive units for sales in Mexico and export to several countries.
Likewise, he announced that there are other sectors where it is intended to encourage SME’s in Guanajuato, mainly in workforce training through specialized foreign institutions with the intention of investing in Guanajuato, in addition of promoting the subject of clean and renewable energies in other municipalities such as San Luis de la Paz and San Felipe, which will require supply in services that could be supplied through companies settled in this areas of the State.
Consolidation inertia in 2019
According to Alfredo Arzola, director of the Automotive Cluster Guanajuato, a very dynamic in investments 2018 closed with about 200 thousand direct jobs from the automotive chain and in job generation was of 21 thousand. Regarding automotive production, he said that Guanajuato was close to reach the million, but a considerable increase is anticipated in 2019.
Concerning automotive investments, said that in 2019 is anticipated the consolidation of the assemblers and of Tier 1 settled in the State, although new investment projects have not being announced, expansions are anticipated from automotive companies by several million pesos.
“This year there are no conspicuous investments anticipated, but if we have a report from settled companies are thinking about increasing their investments and this also is favorable for the State, because they are also expanding their supply chain,” he added.
Regarding the supply network of Toyota, he said that it will begin at the end of this year with 10 new companies in Apaseo, in addition of the entire supply network where Japanese companies will be installed throughout Guanajuato, over more than 100 Tier 1 companies.
With regard to the number of members the Automotive Cluster Guanajuato has, he said that there are 110 companies and they are anticipating integrating 50 new more in 2019, in addition of waiting for the startup of 10 new companies in the State that will probable entering the cluster.
With grows of up to two digits, the traditional sectors in Guanajuato recorded an increase in its exports value, regarding this, Luis Ernesto Rojas Avila, general director of the Foreign Trade Promotion Coordinator (COFOCE, by its Spanish initials) said that up to November exports in Guanajuato generated a value higher than 21 billion dollars; and Silao, Salamanca, Irapuato, Celaya and Leon are the municipalities with higher participation in exports activity.
He added that agrifood industries showed an increase of 4.5 %, footwear wit 6.3 %, while leather 11.6 %, among other sectors of traditional export vocation which settled a favorable balance.
Rojas Avila explained that it is important to know the profit margin of companies; this means, how much profit the businessmen obtain per each exported dollar. He noted that it is an important factor to measure the economic development, beyond the economic growth.
Likewise, he recognized the importance of having companies prepared to diversify the potential exportable offer Guanajuato has to other destinations.
Finally, Rojas Avila explained that this year the work with MSME’s will be strengthened even more in order for them to be prepared, certified and with tools that allow them to consolidate in a better way within foreign trade.


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THE BOURSE WHISPERER: Triton Minerals (ASX: TON) will be sitting back over the Easter long weekend wiping lots of chocolate from a very wide grin.
The company’s share price went boom on Wednesday after it announced it has struck a binding off-take agreement with Chinese graphite products specialist Yichang Xincheng Graphite Co., Ltd for Triton’s Mozambique graphite project.
Triton has exclusive rights to supply graphite to YXGC from Mozambique as well as Madagascar, Malawi and Tanzania.
The deal will result in minimum total contract revenue of US$2 billion assured by a floor price of US$1,000/tonne, with the full contract value determined by the future sale price as set by the applicable market price.
“Yichang Xincheng Graphite Co., Ltd is globally renowned as a supplier of a diverse range of high quality, high-tech expanded graphite products,” Triton Minerals managing director & CEO Brad Boyle said in the company’s announcement to the Australian Securities Exchange.
“This is a very special day for Triton as this binding commercial agreement is with a graphite specialist organisation that has mined, manufactured and sold expanded graphite products for nearly 20 years.”
Triton shares burst out of the blocks at 61 cents, shooting up to 71 cents, before settling back around the 52 cent mark (around 25 cent gain for the day) at the time of writing.


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(adds details, CEO comments)
PARIS, Feb 6 (Reuters) - Telecoms equipment maker Alcatel-Lucent saw the initial fruits of cost-cutting, a tweaked product offering, and asset sales under new chief executive Michel Combes in 2013, but still posted a large net loss for the year.
The firm, which competes with Sweden's Ericsson, China's Huawei, and Nokia's NSN unit, posted flat fourth-quarter revenue at 3.93 billion euros ($5.32 billion), missing analysts' expectations. But its gross margin of 34 percent and operating profit of 307 million euros were both better than expected.
The net loss for the year narrowed to 1.3 billion euros - from 2 billion in 2012 - and was hurt by recurring problems for Alcatel, namely a writedown on the mobile business and restructuring costs from layoffs. The company also again consumed more cash than it generated, recording negative free cash flow of 636 million euros.
Alexander Peterc, analyst at Exane BNP Paribas, predicted that the shares would rise after the results. "Stock to react moderately positively as the strong beat at gross margin level is offset by the significant revenue miss," he wrote.
The company also announced on Thursday that it was in talks to sell 75 percent of its enterprise business, which sells communications products and services to corporations, to investment fund China Huaxin.
The potential transaction prices the unit at 268 million euros on an enterprise value basis, and the fund, which is already partnered with Alcatel in its Chinese joint venture, will take on all the employees and contracts.
Combes, who took over in April 2013, has pledged 1 billion euros in asset sales and 1 billion euros in cost cuts as part of his turnaround effort through 2015 that will cost 10,000 employees their jobs. Investor optimism about his plan led the stock to quadruple last year.
Alcatel-Lucent's woes stem from intense competition not only from low-cost Chinese rival Huawei Technologies, but also from mobile market leader Sweden's Ericsson ERICb.ST and Finland's Nokia NSN unit.
In mobile network gear, Alcatel-Lucent struggles as the fourth-largest vendor and relies on its stronghold in the high-margin U.S. market, while in broadband and IP products, it is a leader and is even growing market share in some areas.
Combes' strategy is to streamline the group to focus on IP networking products, which help telecom operators carry mobile data traffic, and on high-speed mobile and fixed broadband.
He has also shored up the group's finances by undertaking a capital increase, refinancing debt, and starting an asset sales programme worth 1 billion euros.
On Thursday, Combes said the turnaround plan would succeed as promised by 2015, making the group cash flow positive and sustainably profitable. "The plan is already deeply transforming the company and comfort our view that we have made the right strategic choices," he said on a conference call.
The shares closed at 3.03 euros per share on Wednesday, giving the group a market capitalisation of 8.45 billion euros. ($1 = 0.7390 euros)
(Reporting by Leila Abboud and Gwenaelle Barzic; Editing by James Regan and Andrew Callus)


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Virat Kohli Brand Ambassador of Online Money Transfer Brand, Remit2India
Remit2India, the Indian diaspora-focused global online remittance portal, today announced signing up the Indian cricket captain Virat Kohli as its global Brand Ambassador for three years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180614005091/en/
Indian Cricket Captain Virat Kohli with Finablr Executive Director Binay Shetty (right) and Finablr Executive Director Promoth Manghat (left). (Photo: AETOSWire)
Virat will endorse the Remit2India brand by being part of its innovative marketing and customer experience initiatives. Remit2India is one of the financial services brands of Finablr, the recently launched holding company of the UAE-based Indian businessman, Dr. B. R. Shetty.
The network of remittance brands under the Finablr umbrella (including Remit2India, UAE Exchange, and Xpress Money) have a significant market share of remittances to India with over 12%. In 2017, India received US$69 billion according to World Bank’s Migration and Development Brief.
“It is an honour to be the face of the iconic brand Remit2India which has over half a million customers globally. I look forward to reinforcing Remit2India’s growing appeal among the Indian diaspora as a brand that reflects an Indian sense of pride and achievement, patriotism and a spirit of belonging,” said Virat Kohli.
Remit2India’s customer footprints are predominantly across Canada, the UK, US and Australia while initiatives to rein in newer diaspora markets will gather pace by leveraging the Indian cricket captain’s widespread appeal.
“For a youthful brand like Remit2India, Virat with his image as a go-getter cricketer is an ideal fit. He represents a winning Indian enthusiasm which drives millions of Indians to distant shores to prove their mettle and in turn contribute to the home country’s development through their remittances. Both Remit2India and Virat share the spirit of excellence and it is a privilege to have him as the global face of the brand,” said Promoth Manghat, Executive Director of Finablr.
Remit2India is a pioneer in online remittances to India and offers simple, safe and convenient online money transfer solutions. Remit2India's money transfer service is secure in sending money to India from the US, Canada, Australia & UK with multiple sending options. The entire process is cashless and every transaction can be tracked throughout its delivery cycle.
Lahcen Aterta, +97123073088
Manager Media Relations
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LEGO Super Mario Adventures with Mario Starter Course is now available to pre-order.
The LEGO Group and Nintendo have teamed up for a new interactive Mario product line, which features a Mario figure that collects coins in real-life game levels that are created through the use of LEGO bricks.
The Starter Course is needed to play Super Mario Adventures. Furthermore, expansions for the game will be released at a later date, the first of which has also been revealed – the Piranha Plant Power Slide Expansion and the Bowser's Castle Boss Battle Expansion Set.
Bricks for bucks
The Starter Course will be released on August 1st for $49.99. Furthermore, the Piranha Plant expansion will cost $24.99 while Boswer's set will set you back $89.99.
“We were thrilled to see the global reaction to news of LEGO Super Mario,” said Lego Group digital design lead Jonathan Bennink.
“Fans have been keen to learn more, so I am pleased that today we were able to reveal more details about this exciting new collaboration that has led to a reimagination of the LEGO building experience and an entirely new way to play inspired by the beloved video game icon, Super Mario.
"We can’t wait to see fans get creative and challenge each other with this highly engaging and social play experience.”
Into the real world
"Super Mario has continued to appear, always in a form adapted to the current hardware of the time," said Nintendo executive officer and game producer Takashi Tezuka.
"I am thankful that in this project with the LEGO Group, Mario is jumping out of the digital world of game consoles and smart devices, and we are able to bring him into the world with a new, physical type of Mario play.
"It's very exciting to think of LEGO Mario becoming a real friend to children and to picture them playing in their very own Mario world that they imagined themselves."
A mobile app will be made available to not only keep track of scores but to be given digital building instructions.


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Japan’s household spending dropped nearly four percent in January from a year earlier, according to government data released Friday, suggesting demand remains sluggish in the world’s third-largest economy.
The figure released by the internal affairs ministry was largely in line with market expectations, and the fourth straight month of decline since October after the country’s sales tax hike on October 1.
The January drop was partly attributed to declines in automobile- and telecommunications-related spending and expenditure on leisure activities, according to the data.
The latest data come after Japan suffered its worst quarterly GDP contraction in more than five years in the October-December period, with the tax hike and a deadly typhoon taking a toll on the world’s third-largest economy.
The fall came even before the novel coronavirus outbreak in China hit Japan.
Fears about the economic impact of the virus have shaken the global and Japanese financial markets and the Bank of Japan on Monday issued a rare statement assuring investors it would provide support to ease worries over the spread of the coronavirus.


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SAE, ACEA, and OEMs Recommend CCS to Go all AC/DC at EVS26
Fear not, electric vehicle owners and considerers: Fast-charging is about to get simplified. Thanks to the SAE, the ACEA, and most major OEMs, the CCS is about to get all AC/DC, and very soon, if demonstrations at EVS go according to plan. OK, let's back that up, in case you're not a credentialed automotive engineer. Since the dawn of automotive electrification, the collective fear in the industry is that there is not a standard universally agreed-upon charging port between the different manufacturers (OEMs), and thus, no relevant way to build a cost-efficient infrastructure for charging away from home or work. According to the Society of Automotive Engineers (SAE) and the European Manufacturer's Association (ACEA), the Combined Charging System (CCS) may soon change this. The CCS is a single port fast-charging system that can have your EV back on the road in as little as 15-20 minutes. CCS integrates regular AC-charging, fast AC-charging, DC-charging at home and ultra-fast DC-charging technologies into one vehicle inlet. This will allow EV drivers to charge at most existing charging stations regardless of power source and should encourage adoption of a standardized infrastructure. And, according to the SAE, the combined charger will "reduce development and infrastructure complexity, improve charging reliability, reduce the total cost-of-ownership for end customers and provide low maintenance costs."So far, Audi, BMW, Chrysler, Daimler, Ford, General Motors, Porsche and Volkswagen have signed on in support, and live demonstrations will take place next week at the Electric Vehicle Symposium 26, with a goal of adoption beginning in 2017. Source: Chrysler
Electric cars have been around for more than 100 years.


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CEO turnover rises across U.S. in August
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- Staff Dayton Business Journal
Nationwide CEO turnover in August reached triple digits for the first time since February, according to the Austin Business Journal.
Outplacement firm Challenger Gray & Christmas Inc. reported 104 CEOs left their positions last month, the same figure that was recorded in February.
August’s figure is up 20.2 percent from 83 departures in July, but it remains the same as the departure figure from August 2011.
Nationwide, the most CEO turnovers in August occurred in the health care sector, followed by the government-nonprofit sector and the financial sector.
“As the economy continues its slow recovery, chief executive officers are under increasing pressure to show financial gains,” Challenger CEO John Challenger said in a statement.
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Apple fixed its Intel’s massive chip flaw on macOS update
Intel says its chip flaw isn’t a flaw.
Photo: Thomas Hawk/Flickr
The critical design flaw discovered in the way Intel CPUs process information has reportedly already been fixed by Apple in a recent release of macOS.
Apple’s fix came out at the beginning of December with the release of macOS 10.13.2. But according to one developer, the company has a few additional patches for Intel’s blunder in a current beta build.
The flaw can be found in all Intel chips made in the last 10 years. It allows desktop programs to read parts of a computer’s protected kernel memory. This potentially gives malicious apps and attackers access to passwords, login info and other personal information.
Fixing Intel’s flaw
Developer Alex Ionescu posted on Twitter that Apple included a fix for the flaw in macOS 10.13.2. Another report from AppleInsider echoes Ionescu’s claim, citing other sources that say most of the damage has already been mitigated.
Intel issued a statement today saying that the exploits aren’t limited to Intel chips — lots of other manufacturers’ silicon suffers from the same issue.
“Recent reports that these exploits are caused by a ‘bug’ or a ‘flaw’ and are unique to Intel products are incorrect. Based on the analysis to date, many types of computing devices — with many different vendors’ processors and operating systems — are susceptible to these exploits.”
Some early reports estimated that fixing the flaw will cause Windows and Linux machines to see performance slowdowns of up to 30 percent. Intel says the performance impact shouldn’t be major, though.
Article Source : CutToFMac.com