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LAS VEGAS (AP) - A growing number of U.S. states are considering banning the sale or import of cosmetics that have been tested on animals.
The cause has gained support from consumers and many cosmetics companies. But the biggest hurdle is China, which requires that cosmetics sold in its lucrative market undergo testing on animals.
California, Nevada and Illinois this year banned the sale or import of animal-tested cosmetics.
The laws aren't expected to cause much disruption for the industry, because many companies already use non-animal testing. But they put pressure on the U.S. government to pass a nationwide ban that could help end animal testing in China.
Legislation also has been introduced, or will soon be made public, in Hawaii, Maryland, New Jersey, New York and Virginia.


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Elior has won a new five-year catering deal with international boutique hotel and apartment chain, Fraser Suites, in Edinburgh.
Worth £1.35m, the new contract will see the caterer operate the sites restaurant Broadsheet Bistro.
Elior will deliver full service breakfast, lunch and dinner in the seven-day week, 7am to 10pm operation, as well as welcome hampers and room service for guests.
Caroline Bacigalupo, Elior's bistro manager, commented: "We have plans to introduce a new and exciting menu that will include afternoon teas and a Scottish tapas menu for the Edinburgh Fringe Festival.
"A cocktail menu will be introduced later this month and we will be offering private dining in the newly refurbished dining rooms from September."
The breakfast menu is currently offering a full Scottish breakfast, which includes haggis, and the all-day menu offers local line-caught fish and chips, homemade burgers and freshly made sandwiches.

domain: news


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US: Diamond Foods shares fall after Q4 loss
- Diamond posts Q4 loss
- CEO insists FY results "do not reflect" new "direction"
- Shares down
Diamond CEO Driscoll said FY results do not reflect company's new direction
Shares in Kettle Chips owner Diamond Foods tumbled today (10 December), the first day of trading after the US snack group reported a fourth-quarter loss.
Diamond's stock was down almost 9% today after the company booked a loss of US$32.9m for the three months to 31 July. The quarterly loss meant Diamond made an annual loss of $86.3m.
The filing brought Diamond's financial results up to date after delays in reporting its accounts in the wake of an accounting scandal at the business.
Last month, Diamond booked a loss for the first three quarter of the year and posted lower profits for 2010 and 2011. Diamond had to refile results for those years after it found it had incorrectly accounted for payments to walnut growers, which led to the departure of its CEO and CFO.
Diamond's fourth-quarter loss was thanks in part to cost from its investigation into payments to walnut growers and the restatement of its results. It also booked an impairment charge of $10.1m after the closure of a plant in Indiana. Quarterly sales were down 5% at $224m. Annual sales were up 2% at $981.4m.
"The 2012 financial results do not reflect our recent change in strategic direction with a focus on sustainable growth of our brands based on innovation and differentiation, improving our cost structure and rebuilding our walnut supply," Diamond CEO Brian Driscoll said on Friday (7 December). "Diamond is moving aggressively to execute against our objectives as we seek to better position the company for long-term success."
Last week, Diamond told just-food it saw "significant opportunities" to lower its cost base by reducing its overhead structure and tightening its supply chain.
Diamond said on Friday it will hold a conference call on the fourth-quarter results when it files its 10-Q statement to the Nasdaq stock exchange.
Diamond's shares were down 8.91% at $13.49 at 13:27 ET.
|Diamond Foods Reports Fourth Quarter and Full Year Fiscal 2012 Financial Results|
SAN FRANCISCO, Dec. 7, 2012 (GLOBE NEWSWIRE) -- Diamond Foods, Inc. (Nasdaq:DMND) ("Diamond") today reported financial results for its fiscal 2012 fourth quarter and full year ended July 31, 2012.
In the fourth quarter 2012, GAAP net loss was $32.9 million and GAAP fully diluted loss per share was$1.52. Diamond incurred $10.0 million for selling, general and administrative ("SG&A") costs primarily related to audit committee investigation, restatement, and related expenses. The Company also incurred a$10.4 million charge related to a change in the fair value of the Oaktree warrant liability and a $10.1 million charge related to asset impairment associated with the closure of the Fishers, Indiana plant during the quarter. Excluding these charges, non-GAAP net income declined 80 percent from the prior year's quarter to $1.0 million and non-GAAP fully diluted earnings per share declined 78 percent from the prior year's quarter to $0.05.
For the twelve months ended July 31, 2012, GAAP net loss was $86.3 million, and GAAP fully diluted loss per share was $3.98. During the fiscal year, Diamond incurred $30.6 million for certain SG&A costs primarily related to audit committee investigation, restatement, and related charges. The Company also incurred a $10.4 million charge related to a change in the fair value of the Oaktree warrant liability and a $10.1 million charge related to asset impairment at the Fishers, Indiana plant during the year. Excluding these charges, non-GAAP net income declined 68 percent from the prior year period to $12.7 million and non-GAAP fully diluted EPS declined 67 percent to $0.58.
"Diamond continues to make progress towards implementing our recently announced cost savings and operational effectiveness initiatives," said Diamond's Chief Executive Officer Brian J. Driscoll. "The 2012 financial results do not reflect our recent change in strategic direction with a focus on sustainable growth of our brands based on innovation and differentiation, improving our cost structure and rebuilding our walnut supply. Diamond is moving aggressively to execute against our objectives as we seek to better position the Company for long-term success."
Net sales during the quarter decreased 5 percent to $224.0 million. Total retail net sales grew 9 percent to$210.1 million and snack net sales grew 8 percent to $159.2 million in the quarter, driven by increases in Emerald sales. Non-retail net sales totaled $13.9 million for the quarter compared to $10.9 million in the third quarter of fiscal 2012 and $41.8 million in the fourth quarter a year ago.
Full fiscal year net sales increased 2 percent to $981.4 million. Total retail net sales grew 10 percent to$898.6 million and snack net sales grew 9 percent to $605.8 million, driven by increases in Emerald sales. Non-retail net sales totaled $82.8 million for the full fiscal year compared to $149.9 million a year ago.
Gross profit as a percentage of net sales was 18.9 percent for the fourth quarter and 18.3 percent for the full year as compared to 20.8 percent and 22.4 percent in the prior year periods.
SG&A expenses were $33.6 million during the quarter compared to $25.9 million in the prior year period. For the full fiscal year, SG&A was $130.6 million, or 13.3 percent of net sales compared to $97.5 million or 10.1 percent of net sales in the prior year period. Included in the fourth quarter and the full fiscal year 2012 SG&A expenses were $10.0 million and $30.6 million, respectively, of SG&A expenses related primarily to audit committee investigation, restatement, and related expenses.
Advertising expense was $6.4 million during the fourth quarter compared to $10.7 million in the prior year period. For the full fiscal year, advertising expense was $37.9 million or 3.9 percent of net sales, a decrease of $7.1 million compared to the prior year.
The Company reviewed assets at the Fishers, Indiana location that either are not currently being utilized or will not be utilized for its remaining life. As a result of this review, the Company recorded asset impairment charges of $10.1 million in the fourth quarter.
The Oaktree warrant is accounted for as a derivative liability that must be marked to market every reporting period. Any gain or loss based on the change in value of the warrant is recognized in earnings. The warrant value is determined using a Black-Scholes option model. The Company recognized in the fourth quarter a $10.4 million loss on the warrant largely due to the value of the warrant liability increasing because of a change in the probability of the special redemption.
Net interest expense was $14.0 million in the fourth quarter compared to $5.9 million in the prior year period. The increase in interest was due to higher interest rates associated with the amended bank credit facility and the Oaktree debt, as well as the increase in total debt outstanding compared to the prior year period. Furthermore, net interest expense includes certain third party costs related to the Oaktree transaction and the bank facility amendment. Net interest expense incurred in the full fiscal year was$34.0 million compared to $23.9 million in the prior year.
On a non-GAAP basis in the fourth quarter, the Company recorded a tax benefit of $1.7 million, based on a pre-tax non-GAAP loss of $0.6 million. The tax benefit reflects the year end actual tax rate applied compared to the cumulative tax rate in the first three quarters of fiscal 2012, including the effect of certain jurisdictional tax rate differences. When reported for the full fiscal year, an effective tax rate of negative 23.1 percent applies to the non-GAAP taxable income, resulting in a net tax benefit. On a GAAP basis, the effective tax rate was almost zero percent for the fourth quarter and 2 percent for the full fiscal year.
Capital expenditures were $4.4 million for the fourth quarter and $45.0 million for the fiscal year. The U.K. and Beloit, Wisconsin Kettle expansions were completed in the fall of 2011 and spring of 2012, respectively.
Adjusted EBITDA was $21.8 million in the fourth quarter and $79.4 million in the full fiscal year 2012, which compares to $21.5 million and $109.7 million in the prior year periods, respectively. Please refer to page 8 for a reconciliation of non-GAAP information.
Cash and availability on Diamond's bank revolving line of credit on November 30, 2012 was approximately $88 million.
Diamond plans to hold a conference call upon filing of its Quarterly Report on Form 10-Q for the quarter ended October 31, 2012, which the Company plans to file as soon as practicable.
Original source: Diamond Foods
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The governor’s stay-at-home order allows bars and restaurants to bend the rules a little.
Now, they can serve drinks curbside.
But, there is one caveat owners and customers have to follow — the containers the beverages are served in have to be sealed.
“We have basically a plastic container with a lid and label so you know what’s in it,” said Nick Loosbrock, beverage manager of Roy’s.
We talked to three local restaurants, Nevermind and Nice Guy in Cape Coral, and Roy’s restaurant in Bonita Springs.
They’re all offering booze-to-go.
“You put the cap on it and it clicks shut so this if fully sealed now,” said Greg Gebhard, co-owner of Nice Guys pizza.
Some are worried about the safety of the drinks on the road.
“As long as the cap is on your good. We’ve got to-go growlers because we have so many kegs now,” Yates said.
Roy’s, Nice Guys, and Nevermind are all open for business, doing takeout for food and alcohol.
For Nevermind call 239-994-3062
For Nice Guys call 239-549-7542
For Roy’s call 239-498-7697
© Copyright 2020 WBBH/WZVN (Waterman Broadcasting). All rights reserved.


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23 people get gastroenteritis symptoms after eating Mdm Ling Bakery durian snowskin mooncakes
SINGAPORE: Authorities are investigating five separate incidents affecting 23 people who reported gastroenteritis symptoms after consuming Mdm Ling Bakery Mao Shan Wang snowskin mooncakes.
One was hospitalised and has since been discharged, said the Ministry of Health (MOH) and the Singapore Food Agency (SFA) in a joint news release on Friday (Oct 1).
Others either sought outpatient treatment, self medicated or recovered without treatment.
The implicated mooncakes originate from Malaysia.
They were imported by Mdm Ling Bakery and sold at various places in Singapore.
SFA has directed the importer to immediately stop the sale and movement of the product. The process of recalling those that have been distributed or sold is ongoing.
"Consumers who have purchased the implicated product are advised not to consume it," said the authorities.
"Those who have consumed the implicated product and have concerns about their health should seek medical advice."
In a Facebook post on Monday, Mdm Ling Bakery apologised to the customers who were affected by the recall of its durian snowskin mooncakes.
"We take responsibility for the food items that we import and have been in close liaison with our production partner on this matter," said the bakery. It added that it is "cooperating fully" with MOH and SFA in their investigations.
Consumers may contact the importer at support [at] mdmlingbakery.com or call 8468 0201 for enquiries.


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System76 recently announced that they are following up on the success of its popular Thelio desktop with their very own laptops. The Denver-based hardware manufacturer and Pop_OS! developer already offers a wide array of laptops for sale designed and manufactured by outside computer manufacturers such as Clevo and Sager. This will be the company’s first foray into the world of laptop design and manufacturing.
It’s been a busy couple of years for System76. Their desktop series, Thelio, featuring their Pop_OS! software rolled out in 2018, and more recently, Pop_OS! 19.10, their Ubuntu 19.10-based distribution, debuted earlier this year in October.
System76 CEO Carl Richell explains that the company’s first order of business in their newest venture is to lock down the aesthetic of the laptop and how various materials look and feel. They will also simultaneously speak with display and component manufacturers and begin work on aspects of the supply chain.
The CEO is confident that System76’s experience in developing Thelio coupled with a recent investment in the factory at their Denver headquarters will enable them to build a laptop that meets market needs and carries a “unique value proposition.” Richell says the company plans to put the same signature “stamp” on their laptops that adorn their custom-built Thelio desktops.
“Take what we did with desktop and how that expresses not just who we are but who our community is. So Thelio is warm and inviting, wood grain and rounded corners, it’s not flashing lights at you. It’s kind of classy, clean, sharp,” explained Richell.
The CEO also pointed out that designing, prototyping, and duplication is time-consuming and could take two to three years.


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Time: 5:30 pm - 8:30 pm
Place: Cincinnati Memorial Hall
New owner of Elan to target larger businesses
Jay Vollmer hopes to capitalize on high barrier to entry
Tech veteran Jay Vollmer has purchased controlling interest in a fast-growing Apple service provider and plans to expand its sales to large companies.
Northside-based Élan Technologies deals only with Apple products. And as Apple has grown, so has Élan.
Its revenue jumped from $590,000 in 2008 to $1.8 million in 2010, putting it on the Business Courier’s Fast 55 list of fastest-growing companies. The company wouldn’t provide 2011 figures.
Previous owner Don Hogle felt he had taken the company as far as he could.
Now he’s bringing that experience to Élan after buying a majority stake late last year. He wouldn’t disclose the price.
Élan’s services include networking, security and setting up systems, as well as providing a help-desk for clients from its call centers. It operates offices in Columbus, Louisville, Indianapolis and in Northside. It has 22 employees and supports about 16,000 devices a year, Vollmer said.
“My job is to bring in sales,” he said. “But frankly we’re growing as quickly as Apple is.” Apple’s fiscal 2011 sales rose 66 percent over 2010, to $108 billion.
Vollmer hopes to sell to large companies, which Élan didn’t target. Other contracts come from schools and small businesses.
Vollmer in recent years noticed more of his customers’ employees seeking to tie their own Mac devices – iPads, iPhones and MacBooks – to the company’s servers. Or they wanted the company to buy those items for their use. But security was an issue.
“Most of these companies had a large Windows (support) staff,” he said. “They didn’t know how to update and secure Mac products. That’s where I started to see the gap.”
making a deal
He can now take advantage of that gap through Élan, which provides services to keep Apple devices secure. His company will remotely remove data if the device is lost and keeps some applications from being downloaded. Vollmer is targeting the types of companies he previously served: huge firms such as banks, health care companies and manufacturers, among others.
Vollmer was introduced to Hogle through another Élan employee and they discovered they shared a vision for the company’s growth. Vollmer put together a group of investors that includes his dad, Phil, who is managing director of ProFill Holdings. That’s a Springdale-based sportswear supplier in which Jay and Phil Vollmer invested. The company had more than $130 million in sales in 2010 and ranks as one of Greater Cincinnati’s 100 largest private companies, according to the Courier 250 publication of largest local companies. Fifth Third Bank provided debt financing on the Élan deal.
Joe Rippe, co-founder of Mount Adams-based accounting firm Rippe & Kingston and a board member of its capital advisors unit, advised the group on valuation, the transaction’s structure and in performing due diligence.
He likes the opportunity Élan offers because of the ubiquity of Apple devices.
“The thing that’s disconcerting for companies is security,” he said.
Hogle started the company in 2001 in his home. It still is there, in a way. The office is now in a converted church. Hogle owns the building and lives upstairs.
He’s still heavily involved, serving as vice president of technology and retaining an ownership position. But although he has the tech expertise to run the company, he knew he lacked the business savvy to add large companies as customers.
“I built it, but I pride myself in knowing I didn’t have the ability to grow it any bigger,” Hogle said.
Barriers to entry
Rippe isn’t concerned about the dynamic between Hogle and Vollmer. Hogle has incentives if the company does well, he said.
“Jay and Don spent a lot of time together and they have a clear plan,” Rippe said.
Élan doesn’t face much local competition. It’s tough for companies to get certified as Apple service providers.
“There’s a large barrier to entry,” Vollmer said. “That’s one of the things that attracted us.”
About 30 percent of Élan’s business comes from consumers who bring their Apple computer, iPhone or iPad in for repair or service. The rest is mostly from schools and some small businesses, for which Élan provides networking and tech support. It doesn’t compete with the Apple store in Kenwood. Instead, it provides complementary services and often gets referrals from Apple.
One of those small business customers is Walnut Hills-based marketing strategy firm RGI Inc. Élan manages email and set up a server that allows RGI’s Mac computers to communicate and schedule appointments with clients who are typically on Windows systems, said Mike Bigley, RGI’s director of creative technology.
“We’re an all-Mac shop and it’s nice to have someone who speaks our language,” Bigley said. “I look at them as a solution provider, not just as tech support. They help us design strategically what works best for us.”
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Germany based Webasto Group is one of the leading players in the market when it comes to production of roofs for vehicles and convertible roof system. Webasto was in the news earlier this year when the company’s panorama roof with ambient lighting won the 2017 Plus X Award. The roof having clever light graphics had also won the 2016 BMW Supplier Innovation Award in the category Emotional Experience.
The company had entered the Chinese market in 2001. It has 10 production plant and now the company has announced that it has plans to build what is soon going to be its biggest factory in China.
The factory in in central China will have a projected annual capacity of 1 million sunroofs a year. It will be the largest such facility in the country, according to local government sources. The factory will be located in Caidan province and Webasto signed a deal with the Caidan government a few days ago.
The factory will require investment to the tune of 500 million yuan (USD 70 million), and will be located in Caidian District, Wuhan City, Hubei province. It is expected to become operational in 2020, with construction taking a year and a half.
Webasto is one of the top 100 automotive suppliers worldwide and has operations at more than 100 locations worldwide.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
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Caterham Cars is best known for creating exceptionally advanced lightweight sports cars that are also noteworthy for boasting a truly unique appearance and being lots of fun to ride, but the company has now made use of its technology to create a lightweight bicycle platform.
The company decided to venture into this area when it was approached by Reynolds Technology, itself known for making bicycle frame tubes of the highest quality, and ended up partnering design experts Simpact Engineering. The end result of the collaboration is a lightweight bicycle prototype that makes use of a special butted chassis that allows it to keep the weight low but performance high.
Interestingly, this lightweight bicycle technology could also be applied to other bigger vehicles.
Caterham Cars' New Platform Could Be Applied to Trucks
Rahul Kalvapalle — March 31, 2016 — Autos
References: ukterhamcars & gizmag


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Looks like Robert F.X. Sillerman still knows how to tick off a room.
At this year’s Billboard Music & Money Symposium, which took place March 3rd at the St. Regis Hotel in New York City, the CKX chairman and CEO declared, “The music industry distributors cling to a business model that not only doesn’t make sense, frighteningly, it’s not necessary,” Newsday reported.
Stopping short of announcing the death of major record labels, Sillerman reportedly added, “The myth of the major distributor muscle is going to end.
“Tomorrow’s creators won’t seek or need traditional label or radio support because they and their audience never wanted it or needed it for validation. If that next generation’s star – from a generation reared on the power of the Internet, peer reviews, downloads and online communities, etc. – wants to sell music, they may be able to do that without a traditional deal and they know it.
Newsday backed Sillerman’s words, suggesting that the majors may be on the outs, even though one recently bested an indie for top billing on Nielsen SoundScan. The example cited was the battle for dominance between
Def Jam won, but the victory may have been pyrrhic. The label followed the usual plan of attack, using its considerable muscle to push the new artist onto radio and video, spending lost of cash along the way.
“But almost no one talks about what is likely the biggest factor in the big opening week,” Newsday said. “The record company made it cheap. You could pick up Ne-Yo’s In Your Own Words at Target and other major retailers for as low as $7.98. At most record stores, it was selling for under $10.”
Meanwhile Hawthorne Heights landed at No. 3 (after a Disney TV soundtrack) but gained its 114,000 copies via Internet marketing and word of mouth. It looks like Sillerman is on a roll.
On its Web site, Victory Records rallied fans with an e-mail, saying, “Independent needs to beat Major tomorrow. If all of you take action we can create history. Your support means everything to us and is the most valuable thing that we have.
“You hear our voices every night. Now, we need to hear yours.”


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Accenture and World Economic Forum Identify Top Opportunities for Reducing Supply Chain Carbon Emissions
Report estimates volume of emissions generated by logistics and transport sector
NEW YORK; Feb. 25, 2009 - The World Economic Forum and Accenture (NYSE: ACN) today released a report that quantifies and ranks opportunities to reduce supply chain carbon intensity
The report, titled“Supply Chain Decarbonization”, examines the role that the logistics and transport sector plays in reducing emissions, both in its own operations and by influencing shippers and buyers to undertake broader supply chain improvements. According to the report, logistics and transportation activities contribute approximately 5 percent of the 50,000 mega-tonnes* of carbon-dioxide emissions generated by all human activity annually.
The report reviews 13 commercially viable opportunities for reducing supply chain carbon emissions—within the logistics and transport sector as well as across the extended supply chain—and assesses them according to carbon-dioxide abatement potential and feasibility to implement. According to the report, the five opportunities with the greatest carbon-dioxide abatement potential and greatest implementation feasibility are:
• clean-vehicle technologies (175 mega-tonnes CO2 abatement potential);
• de-speeding the supply chain (171 mega-tonnes);
• packaging design initiatives (132 mega-tonnes);
• optimized networks (124 mega-tonnes); and
• energy-efficient buildings (93 mega-tonnes).
These five opportunities address emissions that originate within the logistics and transport sector and represent approximately one-half of the 1,440 mega-tonnes CO2 abatement potential presented by all 13 opportunities. While the remaining eight opportunities address emissions generated by shippers and buyers within their own operations, the report concludes that organizations in the logistics and transport sectors are in a position to influence shippers and buyers to collaborate across the extended supply chain in an effort to achieve the greatest de-carbonization impact.
“Clearly, the logistics and transport sector can contribute a great deal to the reduction of carbon emissions and obtain strategic business benefit from doing so,” said Narendra Mulani, managing director of Accenture’s Supply Chain Management practice. “However, the greatest strides will be achieved by collaborative end-to-end supply chain optimization that includes shippers and buyers in addition to logistics and transport providers.”
In addition to identifying the opportunities, the report also provides a number of recommendations, for logistics and transport providers as well as for shippers and buyers, to de-carbonize the extended supply chain. The recommendations for logistics and transport providers include:
• Adopting new technologies industry-wide;
• Improving training and communication industry-wide;
• Switching modes where possible;
• Developing recycling offerings;
• Developing home delivery offerings; and
• Promoting carbon offsetting of shipments.
Recommendations for shippers and buyers include:
• Understanding and reducing the carbon impact of manufacturing through alternative sourcing;
• Better planning to allow slower and better optimized transport;
• Reducing packaging materials;
• Improving carbon labeling, standards and auditing tools; and
• Increasing shared loading.
“This report makes clear the need to look strategically at the end-to-end supply chain to include all aspects of the product lifecycle, from raw materials to product disposal, when approaching the supply chain de-carbonization challenge,” said Sean Doherty, head of Logistics & Transport at the World Economic Forum.
About the Report The World Economic Forum’s “Supply Chain Decarbonization” report is a comprehensive review of the scale of the logistics and transport sector’s carbon footprint, and the principal opportunities for near-term reduction of the sector’s emissions. Researched and co-written by Accenture, the report assesses the legal and commercial drivers for supply chain decarbonization. It establishes a framework for meaningful cuts in emissions across end-to-end supply chain and, through a series of scorecards, analyzes the relative importance of the main opportunities for change.
About Accenture Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With more than 186,000 people serving clients in over 120 countries, the company generated net revenues of US$23.39 billion for the fiscal year ended Aug. 31, 2008. Its home page is www.accenture.com.
About the World Economic Forum
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas. Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests (http://www.weforum.org).
*1 mega-tonne equals 1.1023 megaton
# # #


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More towing thanks to nine-speed auto, transmission cooler
2022 QX60 spent hundreds of thousands of km towing
Infiniti says that the 2022 QX60 will offer 20 percent more towing capacity than the model it replaces, and to make sure it can handle the weight, they’ve put the new crossover through hundreds of thousands of kilometres of testing.
“We want to make sure that the customer is confident that they can tow their travel trailer to their campsite for the weekend and not worry about their vehicle overheating,” said senior project engineer Heather Kniep. “In Arizona this year, we had a record number of days over 43 degrees (Celsius) and the vehicle towed with no problem. We want the customer to know that they can be confident towing with their vehicle.”
With a 295 hp 3.5L V6 and an all-new nine-speed automatic, the 2022 Infiniti QX60 will be able to tow up to 6,000 lbs (2,722 kg) depending on trim. That puts the model as one of the higher tow-rated crossovers in the class, and Infiniti says it’s enough weight to comfortably tow a 22-foot travel trailer. It’s also enough to haul powersports equipment or a boat to the lake, or a load of mulch from the garden centre.
Infiniti tested the new QX60 at its Arizona facility on surfaces including asphalt, dirt, and Belgian blocks, as well as actual road conditions in the mountains of Colorado and extreme cold of Alaska. Helping the engine and gearbox are an upgraded transmission oil cooler that comes with an integrated hitch receiver, trailer-ready stability control programming, and a prewiring harness for trailer wiring.
We still haven’t seen the full new QX60, but with more teasers like this, expect it to arrive soon.


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A UK grocery retailer will start a trial of the Pay By Touch system within the next month said Pay By Touch vice president Europe, Tom Fischer.
The system allows customers to get through checkouts faster, without having to fumble for payment cards, he said.
To use the technology, shoppers first have to have their ID checked and their fingerprints scanned. Some geometrical details of the print
are recorded. That template is then linked with details of the shopper’s credit, debit and loyalty cards.
The shopper can then scan their finger to pay for purchases at the checkout, allowing faster payment.
Fischer said age details could also be linked to the fingerprint so that age could instantly be verified when a customer bought age-restricted products like alcohol.
Pay by Touch is already in use in the US in grocery chains including Thriftway and Piggily Wiggily said senior vice president Jon Siegal.
The company was negotiating with six of the top 10 US grocery chains as it rolled out the service, he added.
Siegal said it cost $50-$100 a lane to install the system at checkouts, with a fee payable per transaction to Pay By Touch.
Pay By Touch plans to roll out its system across Canada and Europe by 2005 before moving into the Asia Pacific region.


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The UK has finally released its policy for the regulation of fiat-backed stablecoins, marking a significant milestone in its effort towards crypto regulation. The release of this policy makes way for inclusion of these stablecoins in the UK payment chains.
The new policy which will come into place by 2024 aims to incorporate stablecoins into the existing financial regulatory framework. This approach is entirely different from the rest of the European Union which is bringing an entirely new regulatory framework for crypto known as the Markets in Crypto-Assets (MiCA).
Stablecons are cryptocurrencies that are pegged to fiat currencies or other forms of external commodity from which they derive value. Their value is therefore relatively stable, with the value of a USD-backed stable coin being roughly 1 USD at all times.
This quality of relative stability has made stablecoins widely popular among investors and for payments, since they retain the speed and low transaction cost that characterize cryptocurrencies in general.
The UK has seen the potential of stablecoins becoming even more popular for payment, hence the need to regulate them and bring them under existing financial regulations. They will be subject to the Payment Services Regulations 2017 and the Financial Services and Markets Act 2000.
“Certain stablecoins have the potential to become a widespread means of retail payment, driving consumer choice and efficiency,” HM Treasury stated. “In order to deliver this, the government intends to bring the regulation of certain activities relating to fiat-backed stablecoins within the UK’s financial services regulatory perimeter.”
Fiat-backed Stablecoins Under FCA
The financial conduct authority (FCA) is the foremost agency for financial regulation in the UK, and is also a key player in the regulation of stablecoins and crypto in general.
After the first phase of the regulatory implementation, HM Treasury intends to bring fiat-backed stablecoins into the Financial Conduct Authority’s remit via secondary legislation. This will empower the FCA to ensure that fiat currencies backing stablecoins held in a statutory trust as insurance for customer funds in case of a bank run.
The regulation is however restricted to fiat-backed stablecoins. While other types of stablecoins will still be in the UK’s payment chain, they will not be regulated, except for algorithmic stablecoins which will be captured in subsequent regulation.
This is because of the concerns around algorithmic stablecoins following the collapse of TerraUSD (UST), an algorithmic stablecoin issued by Terra. Because of the unstable nature of this class of stablecoins, the UK will capture them in a follow-up regulation.
“This is because their under-collateralised nature means they share characteristics with unbacked crypto assets and crypto-backed tokens are only as stable as the underlying crypto asset,” stated the Treasury.
Experts Weigh in
Crypto regulation has been long awaited in the UK, but what will be the outcome of the stablecoin policy? Financial services regulatory partner at Norton Rose Fulbright Albert Weatherill weighs in.
“Today’s publications largely confirm what we already knew in February – regulation is coming to crypto assets in a fairly expansive way,” said Weatherill.
He further stated that major questions such as “when these rules will come into force, how applicants will be able to get authorized and what the substance of the rules will be” remain unanswered.
Head of investment analysis at AJ Bell, Laith Khalaf also commended the regulation of stablecoins under existing financial framework, saying “the apparatus and resources for supervision are already there and working in tandem with regulators worldwide”.


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Cloud provider’s payments modernization survey highlights the key priorities for mid-tier banks in the US
Volante Technologies, the global leader in cloud payments and financial messaging, today revealed findings from its payments modernization survey aimed at mid-tier banks and credit unions in the U.S. with assets between USD 2.5B and USD 25B. The results show that real-time payments connections are expected to triple within the year, and that cloud Payments as a Service (PaaS) is a growing industry priority.
The study, conducted in Q1 of 2021, samples a sizeable portion of the mid-tier market segment. It highlights the dire need for improved productivity to support rising payment volumes and the complexity of maintaining multiple payment platforms. The challenges span all payment types, from domestic wire, real-time, and ACH to cross-border payments.
Keith Gray, Vice-President, Strategic Partnerships, The Clearing House, said, “We are delighted that Volante’s findings confirm the trends that we have been seeing in the last year. Over 140 financial institutions are already participating in the RTP network, with more slated to go live by year end. Mid-tier banks are at the heart of the upswing in adoption, as the RTP network provides them with a compelling new service for their customers, and an opportunity to differentiate themselves from their peers.”
“Financial institutions are seeking to streamline their operations to prepare for the eventual prevalence of real-time 24×7 payments and the increased operational complexity this will bring,” said John Farrell, SVP Global Product Management, Volante Technologies. “There is a strong desire for capabilities related to digital transformation, ranging from increased automation to improved reporting and lower operating costs.”
Notable findings include:
- Payments as a Service is the #1 modernization initiative: of all the modernization initiatives planned by respondents in the next year, cloud and PaaS took the top spot, with replacement of wire, ACH, and other payment systems following closely behind.
- Most mid-tier banks do not use a core processor for payments: a surprisingly low 22 percent use a core processor for payment services, with the vast majority opting for a best of-breed approach, even among smaller institutions. Ease of upgrading to new payments capabilities, better pricing and reporting, and 24×7 operations were important factors in the shift away from core.
- Rising volumes are a concern: six out of 10 respondents identified significant productivity challenges due to rising wire volumes, with a similar percentage saying the same about their ACH processing operations.
- Real time payments are set to take off: 15 percent of respondents say their bank is currently connected to The Clearing House’s RTP® network, with about twice as many planning to connect within the coming year, indicating that the number of mid-tier banks with RTP capability will triple in 2022.
- Only a slim majority of banks can onboard corporate customers in under a week: of the remainder, most take multiple weeks to onboard a corporate, with 16 percent of respondents lacking visibility to onboarding performance—a significant underperformance compared to consumer onboarding efficiency.
“While real-time payments are a long-term priority, mid-tier banks are clearly planning to modernize all their domestic and cross-border payments capabilities in the short term,” continued Farrell. “It is encouraging to see that they are increasingly aware that migration to cloud and Payments as a Service is the fastest and most cost-effective way for them to evolve beyond legacy limitations.”


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With the Globe and Mail as well as the National Post and other Postmedia newspapers building paywalls around their content, it’s worth remembering that some media brands are taking the opposite approach. The Guardian is currently not only leading on the biggest story in Britain but also expanding to the States — all the while promoting their brand of “open journalism.”
The “Three Little Pigs” video above, released in February, shows how the paper views its relationship with readers. They’re not just consumers; they’re also contributors who add to the conversation. And you can’t do that if you’re forcing people to pay subscriptions.
In an interview with Nieman Journalism Lab, the paper’s editor Alan Rusbridger says the Guardian isn’t necessarily against paywalls, “it just doesn’t seem the most interesting thing to be doing at the moment.”
What Rusbridger could also mention is that paywalls could be a siren song. Even if the New York Times model works for them, not all papers are as important. The Globe might get away with charging readers after 10 or 20 free articles, but will the National Post? Will the Sudbury Star or the Brandon Sun?


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AXE has teamed up with League of Legends for its latest advertising campaign.
The Unilever-owned fragrance brand recently became the official grooming partner of League of Legends esports global events.
Now it has just produced its has just launched its first campaign - What's Your Move? - at the 2019 World Championship.
Created by 72andSunny Amsterdam, the integrated campaign aims to inspire moves in and around the game.
"Chrono break" shows a young gamer's attempt to seem cool in front of a love interest, while "Shop button" follows a couple celebrating their six-month anniversary with a giant sword. "So many are gonna suffer," the awestruck girlfriend says while holding her new weapon, called "the bloodthirster".
The partnership reinforces the grooming brandi's commitment to use their AXE GAMING platform to inspire and enable gamers to bring their confident moves in connecting with others.
AXE Global Direcrtor Gaurav Raisinghani said: "We've been massive fans of League of Legends Esports and of the community they've built. Our campaign had to hold true to both the game and its players. Each brand film has a keystroke at its heart" referencing legendary characters from the game and featuring some of their iconic moves.
"With each keystroke a different move to be made - a strategic decision that can make or break your game."
The films, Chrono Break and Shop Button, will also air at the events in Madrid and Paris. The partnership also includes in-tournament activations, including a What's Your Move? Dance Cam, a unique augmented reality experience where fans can Enter the Rift, and an RFID-enabled gaming scavenger hunt at the Esports Village in Paris.


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Tyson Fresh Meats has planned a new $30 million improvement project at the Storm Lake pork plant that is designed to improve production and ensure product quality. Last week, the project was awarded tax incentives from the Iowa Economic Development Authority.
The project will expand the plant’s refrigeration area used to chill pig carcasses before they’re processed into pork cuts, Tyson said in a statement. This expansion, which would add about 40,000 square feet to the 250,000 square foot plant, will enable the facility to slightly increase its overall production capacity and add eight jobs.
“The planned improvements reflect Tyson Fresh Meats’ continuing support of the region’s independent pig farmers, who are very important to the continued success of the Storm Lake plant. The company spent more than $800 million in fiscal 2015 to buy hogs from independent farmers to supply the plant,” the company said.
Work is currently expected to get underway this fall and be completed by late 2017. The Storm Lake plant employs more than 2,000 people and generates an annual payroll of $86 million.
Source: Tyson Foods


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The BVAA 2018 Spring Conference is being held today, 16th May 2018, at Formby Hall in Southport.
The conference provides the attendees with the an opportunity to attend topical and industry-relevant presentations from keynote speakers in the valve and actuator business.
There is also an exhibition being held alongside the conference giving BVAA members the opportunity to showcase their products and company.
As active members of the BVAA the Severn Glocon Group have attended the conference and exhibition.
For more information on the BVAA visit www.bvaa.org.uk
To find out more about Severn Glocon Group’s products and services visit www.severnglocon.com


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President Trump abruptly decided on Oct. 13 to stop paying the Affordable Care Act’s cost-sharing reduction (CSR) payments.
CSRs are provided directly to insurers to reduce out-of-pocket costs, like co-pays and deductibles, for low-income consumers enrolled in the individual market. This decision, following months of uncertainty, has destabilized the insurance market and driven up premiums as insurance companies are required to provide CSRs to eligible consumers, whether or not they receive money from the federal government. California Attorney General Becerra leading a coalition of 18 states and the District of Columbia is suing to force the president to continue the CSR payments. The states sought an emergency injunction to compel the administration to follow the law. NHeLP filed an amicus brief (or friend of the court brief) in support of the states on behalf of Families USA, NHeLP and 29 other health and consumer advocacy organizations.
Covered California has already taken stopgap measures to protect California consumers from bearing the burden of the president’s rash decision. Covered California is implementing a “CSR surcharge” that requires Covered California’s 11 insurance carriers to load the lost revenue of CSRs onto Silver-level premium rates. Although this surcharge will increase Silver premiums by 12.4 percent on average, most consumers will not see a significant change in the net price they pay for their monthly premium because the approach is intended to keep premiums affordable for people, so the federal government covers excess increases. Consumers who are eligible for subsidies will receive increased financial help in the form of increased Advanced Premium Tax Credits (APTCs) to offset the premium increases caused by the CSR loss. Some of these consumers may even pay less because the subsidy will increase more than the surcharge. Consumers who are ineligible for subsidies will face higher premiums but will be encouraged to shop and compare through Covered California for a different plan or to purchase insurance directly from an insurance company. In 2018, California insurers are required to provide an off-Exchange plan that provides essentially the same scope of benefits as the on-Exchange plan without the “CSR surcharge” to allow consumers currently enrolled in Silver unsubsidized plans to retain an affordable option.
Although Covered California is attempting to protect consumers, cutting off CSR payments is a clear attempt to sabotage the ACA. Such actions to halt CSR payments so close to open enrollment will also certainly create a great deal of confusion for consumers. The irony of this decision is that it substantially increases the costs for the federal government by increasing subsidies for all individuals up to 400 percent FPL to offset the loss of CSR funding for individuals only up to 250 percent FPL. The Congressional Budget Office recently projected that ending the CSRs would cost the government $194 billion by 2026.
Covered California’s open enrollment period for 2018 remains the same: November 1, 2017 – January 31, 2018.


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How? By developing national databases listing both known con artists and historically safe, reputable businesses that operate online.
These listings are to help Internet users make wise transactions, said Michele McDaniel, president of the Better Business Bureau of North Alabama.
Since starting the national databases, the BBB has recognized three Huntsville businesses for sound, ethical policies related to online commerce. Those companies are Traveller Information Services, Renaissance Internet Services and Rousseau's Sporting Goods & Awards Inc.
The three companies are now allowed to display BBB seals of approval on corporate World Wide Web pages. The seals include computerized links to BBB reports about the companies' backgrounds.
If an unapproved company tries to forge the BBB seal, it will not link to the proper report at BBBOnLine, at the Web address http://www.bbbonline.org.
To get the BBB seal of approval, a business must:
``All companies share an interest in demonstrating to consumers, regulatory authorities and the public that the business community can effectively self-regulate this (online) marketplace,'' according to a BBBOnLine brochure. ``Self-regulation and minimum government intrusion are the spirit of the Internet.''
Consumer-protection laws drafted long before the Internet was popular already protect consumers from most scams they could meet online, said Claudia Farrell, senior spokeswoman for the Federal Trade Commission.
In general, con artists use the same tricks and gimmicks online that have worked in the physical world for ages.
On the FTC's World Wide Web site (http://www.ftc.gov), government watchdogs list tell-tale signs of investment frauds, phony charities, quack diets, scholarship scams, bogus offerings of prizes and vacations, and fake opportunities for foreign employment.
And, of course, the BBB and FTC offer plenty of information on Ponzi or pyramid schemes. Those are multilevel-marketing businesses in which promoters use money from new investors to pay artificially high returns to early investors. In such schemes, more emphasis is placed on recruiting investors than selling products or services. So, as soon as investors dry up, almost everyone loses money.
``The Net seems more susceptible to those types of scams,'' said Steven Baker, director of the FTC office in Chicago. ``To make these schemes work, you need to recruit lots of people. You can reach more people faster online.''
Contacting legions of people is cheap and easy using bulk electronic mailings, Baker said. However, many consumers are annoyed by unsolicited, commercial e-mail, derisively called ``Spam.'' Congress is debating at least three bills to regulate such mailings, regardless of honest or dishonest contents.
Pyramid schemes also are promoted on World Wide Web pages. After a recent Internet search, the FTC contacted operators of 500 multilevel-marketing sites that raised suspicions.
The Web site for the U.S. Securities and Exchange Commission lists
10 questions every consumer should ask before making an investment online
or elsewhere. Among the questions listed at http://www.sec.gov/consumer/10quest.htm:
The Better Business Bureau of North Alabama is accessible through its aforementioned Web page, through the e-mail address email@example.com, or via phone at (205) 533-1640.
The SEC is available through the Web address http://www.sec.gov, or (202) 942-7040.
The National Fraud Information Center is accessible through the
Web address http://www.fraud.org, or
Back to Access


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Ripple Partners With UAE Based Money Transfer Firm• January 28, 2022 7:24 pm • Comments
Al Fardan Exchange, a money transfer firm, has recently announced a new partnership with Ripple that will allow the firm to be able to send money across international borders using Ripple’s blockchain network.
By using the Ripple network, the money transfer firm will be able to send digital transactions outside of the UAE in real time and showcases the region’s open policy towards utilizing the blockchain industry in efforts to be a future cryptocurrency hub.
Al Fardan will become a part of the Ripplenet Cloud which is Ripple’s cloud-based global financial network.
Al Fardan has become a member of RippleNet Cloud as it seeks to get an edge in the UAE remittances market which has rebounded strongly.
Ripple says that it’s proud to partner with the firm and revolutionize cross-border payments in the Middle East.
— Crypto-News (@criptikos) January 28, 2022
In his comments following an announcement of the agreement, the money transfer firm’s chief executive, Hasan Al Fardan, explained why his company went into this partnership. He said:
We are well into a digital future and payments powered by technology, which is becoming key in the region.
This partnership underscores our commitment to offering new channels and opportunities for people to remit money more securely, with more flexibility and convenience.
In recent times, the UAE has been reported to have experienced a rebound in remittances that can be attributed to the rebound in the oil prices, especially when compared to the oil crash that happened during the height of the pandemic.
As a result of this rebound in the country’s prominent oil industry, a lot more economic activity has been observed within the region.
A switch to focusing on emerging technologies like blockchain would allow the country to help facilitate the increased economic activity and fuel future economic growth.
Ripple’s Managing Director for South Asia and the Middle East and North Africa (MENA) region mentioned that the company is pleased that Al Fardan has chosen them to continue to revolutionize and modernize the way digital payments are made.
Public.uk.com shares the director’s comments:
“We’re proud to spouse … to leverage blockchain generation to revolutionise cross-border bills and the thriving bills trade within the UAE and the Center East.”
In the meantime, in its document, The Nationwide Information means that via signing an settlement with Ripple, Al Fardan is now making just right on its promise to spouse with fintechs that “be offering inroads into logo new buyer segments.”
This is not the first time firms in UAE have collaborated with major blockchain firms like Ripple.
The country has been developing a set of regulatory frameworks for a while now and aims to guide crypto firms on how to do business in accordance with the local laws.
Other major crypto businesses that have setup a presence within the UAE include Binance which has partnered with the government to assist crypto exchanges and businesses on getting licenses in Dubai.
Ripple’s new partnership with a major firm in the UAE will allow the Ripple company to continue to expand its network across the globe and will set the framework for more adoption as the practical use cases of XRP are demonstrated in real time.
The company has stated that they have continued to grow and has recently reached a record $15 billion valuation despite the SEC lawsuit that continues to persist.
— XRP_Lerox (@XRP_Lerox) January 26, 2022
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By the time you finish reading this article, it’s too late.
It’s already been over a year since the Skydrone X Pro was announced, and now, more than a year later, it has already been delayed by more than six months, and it’s still in development.
While Skydios Drone X was officially unveiled at CES last year, it took almost six months for Skydias drone to be officially launched in the US.
And even though the drone has been out in the wild for almost two months now, the company still has yet to announce a date for its launch.
And if you’re curious about how Skydiatrones drone works, we’ve put together a short video guide that will explain the basics of drone flight, as well as how to fly it.
Skydios drone’s best features Skydiotrobs drone is made by Skydialotrobs, a US-based manufacturer that specializes in indoor drones.
It has been producing drone models since 2013, and its drone X Pro has been in production since last year.
But the drone XPro will be the first drone to hit theaters, and Skydius X Pro is also the first Skydionic Drone to hit retail shelves.
Skydionys drone XPRO comes in a range of sizes, and is available in the cheapest Skydionics model, $199.99.
It comes with a 16-megapixel camera that can shoot 720p video and a 5-inch screen that can display up to 10x the resolution of a typical LCD TV.
It also comes with built-in GPS, Wi-Fi, and Bluetooth, making it ideal for remote control of a large indoor drone.
Skydinies Skydiodrobs is another US-headquartered drone manufacturer.
Its Skydioneys drone is in the same price range as Skydions drone, but its model comes in at $399.99 and includes a 12-megapixels camera with an f/1.8 aperture, 2.8-inch display, and a 4K camera.
It can also shoot 720i video.
And it has a 3.5-inch LCD display that can be used as a laptop.
The drone has a 4.5mm audio jack and supports a 3G/4G network, making for an easy setup.
The SkydioliX Pro will be available in April, and will be priced at $349.99 when it hits retail shelves in May.
And while the drone’s price is lower than the Skydinys model, it comes with an additional price tag: it costs $599.99, which is nearly a third of the SkyDiodroks price.
While there’s no official launch date for Skydinies drone yet, its price point and price will be more than enough for most people who are looking to get their hands on one.
It is also possible that the drone will get a discount on its retail price in the months to come, but that remains to be seen.
But, what if you have a small drone that you don’t want to spend a ton of money on?
The Skydietrobs Drone XPRO will be a great alternative for that.
Skydinios DroneX Pro is a smaller drone that comes with more powerful hardware than the original Skydiamaster X Pro, and comes with its own remote control app for iOS and Android.
The Drone X PRO is also waterproof, and has a built-indoor range of up to 30 feet, while the original model only has a 12.6-foot range.
And while the Skyditrobs model is priced at just $199, you could easily upgrade the Drone X to the Skyiodroys model and get a drone that’s more than $1,000 cheaper.
Skyditios DroneXpro also comes in an 8-pack of eight different models, and the 8-packs will be released at the end of April.


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Trinny London expands into skincare
Trinny London, the digital-first beauty brand, has launched into a new market vertical with the introduction of a skincare range.
Founded in 2017 by Trinny Woodall with a clear focus on personalisation, the brand saw its revenue climb to over £55 million in 2021.
Now after four years of growth and previously only selling cosmetics and accessories, Trinny London is expanding into skincare with the launch of two luxurious refillable cleansers.
Woodall said: “Over the past four years, Trinny London has grown from strength to strength, striving towards our mission to help millions of people across the world to feel the best versions of themselves. The launch of our skincare range is a reflection of our continued commitment to this mission and marks the next step in our journey to becoming a one-stop-shop for women’s needs.”
The cleansers will be available via the Trinny London website in 180 countries with prices starting at £28.
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Small British monitor speakers were all the rage with American audiophiles back in the 1970s, and when you hear the current Harbeth P3ESR, you'll know why.
With the election out of the way, the Audiophiliac would love to see the White House get an all-American hi-fi system.
The Audiophiliac auditions an audiophile hi-fi that's ideal for cramped apartments.
The U.S. doesn't build TVs, iPods, cameras, or much technology, but in high-end audio, we rule! The White House should have an all-American hi-fi.
We no longer manufacture computers, TVs, or cameras, but America still makes high-quality audio gear. And not all of it is expensive.
This skinny tower comes out of Utah, and looks and sounds a lot more expensive than it is.
The Ogden, Utah company's most affordable tower speaker, the Omen DW, is a real keeper!
There's a major shift of production from China to the U.S., which includes some truly affordable electronics and speakers.
The Audiophiliac listens to one of the most affordable, fully featured American-made tube amplifiers you can buy.
A lawsuit claims the discounter's new home-theater speaker system violates intellectual property. But the company's CEO says Monoprice "never purposely" infringes on patents.


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Mobile applications worldwide provide several different ways for developers to earn money from consumers as well as advertisers, and revenue from in-app purchases is expected to surpass revenue from pay-per-downloads in 2012.
The “Mobile Application Business Model” study released in February by market intelligence company ABI Research found that overall revenues from mobile applications, including in-app purchases, pay-per-downloads, in-app advertising and subscriptions will reach $46 billion by 2016, more than four times greater than the $8.5 billion earned in 2011.
ABI also reported that 2012 will be the year when revenues from in-app purchases will surpass those from pay-per-downloads, as in-app purchases become more widely available in applications other than mobile games.
In January, IHS Screen Digest, a media-focused research and consulting company, released the report “Mobile Media Intelligence Service,” predicting that in-app purchases will eventually bring in the majority of revenue from smartphone apps. IHS Screen Digest reported that in-app purchases worldwide earned $970 million in 2011, or 39% of total smartphone application revenues. This is expected to rise to $5.6 billion, or 64% of smartphone app revenues by 2015.
The forecasts from IHS Screen Digest are smaller than those from ABI Research, as ABI also counted subscriptions and in-app ads in its forecasts; IHS Screen Digest reported just in-app purchases and pay-per-downloads.
In-app purchases are an interesting aspect of mobile revenue, as a majority of such purchases are made by high-level or power users of applications, particularly games. In January, mobile app analytics company Localytics found that 44% of mobile application users who made an in-app purchase did so after their 10th session in the app.
To continue to capitalize on in-app purchases, mobile app developers—and the marketers they work with—must get non-power users interested in making purchases, and include in-app purchase options in applications besides games.
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Android may have greater market penetration than ever before, but it also has more defectors than ever. According to new data, in fact, more Android users are migrating to the iPhone than ever before.
In a new report, the Consumer Intelligence Research Partners (CIRP) interviewed four hundred new iPhone 5s and iPhone 5c buyers, and found that 20% of the respondents were upgrading from Android devices. That’s one out of five customers. But just a year ago, that number was only 12%.
Android defections aren’t the only numbers on the rise. More and more iPhone customers are upgrading to new iPhones. A year ago, only 55% of new iPhone buyers were upgrading from a previous model, but this year, that number is at 65%.
So Android is losing customers, while the iPhone is keeping more and more of them. That sounds about right. Who’s really winning the smartphone wars?


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In fact, Google has made it easier for smaller players.
A startup starting in 2020 seems to be very different from a startup company released in 2007. In 2007, a new company required large capital expenditures to build a Windows infrastructure for email tools, file storage, accounting and marketing. It would cost tens of thousands of euros and require the hiring of IT experts for infrastructure development and management.
Today, all of these solutions can be "purchased" using a credit card and paying a monthly fee. With just over a decade to go, all the basic solutions needed to run a company are extremely easy to buy and install - all you need to do is buy a credit card.
But how did we get to that? It certainly did not happen overnight, and we realize that the big changes were made by Google that led to the acceptance of "software as a service" on businesses.
Google Workspace is the complete solution that Google offers to do everything as it says. Many businesses use Google Workspace to bring together Gmail, Calendar, Drive, Docs, Sheets, Slides and many more, so we believe it is important for entrepreneurs to realize the influence that Google has had and what that means for businesses today.
One key thing to remember is that Google Workspace has not only helped to simplify companies' IT infrastructure, but also strengthened their innovation. Before Google Workspace, Microsoft was the only "player" in the business sector. Outlook was the only email available to desktop Even mobile devices either used it Outlook or required exclusive "connections" to one Exchange server.
The only way to ensure "productivity" was with Microsoft Office. If you wanted to create an application, the only way to develop it was to connect directly to Active Directory. In short, Microsoft and its applications were the leaders in corporate technology.
Therefore, instead of fearing Google's popularity, we believe it is important to see how it has opened up the market to new subscription software solutions.
At first, IT professionals were reluctant to "outsource" the management and storage of their emails, but over time their doubts were dispelled. The IT departments did not feel that they would lose her work allowing Google to host their emails. They began to see that it was a way to liberate resources to focus on leveraging technology as a business tool instead of repairing them “broken servers".
Today, as a result of all the above, there are many innovations in business that could not exist in the past.
Fifteen years ago we were in a world where everything a business did was linked to a Microsoft application or something that might have taken millions to develop custom software. As companies became more comfortable with Google, they suddenly became more comfortable with many other online Companies that help manage their corporate activities.


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Sonic Origins is finally nearing its release date. Sega has released a new trailer for the upcoming remastered collection of the four classic Sonic titles during the Sonic Central Livestream. The video titled “Sonic Origins Release Date Trailer” shows brief gameplay footage of the classics.
Last month, Sega released the first trailer for the remasters, revealing integral details including release date, titles, game modes, and other such information. Blue Blur’s fans are all hyped as it’s going to be the beloved hedgehog’s grandest birthday celebration.
Here’s a breakdown of the latest trailer of Sonic Origins which takes us down the roads of nostalgia as it showcases the gameplay of the classics.
Overview: Sonic Origins Release Date Trailer
During the Sonic Central Livestream on June 7, 2022, Sega revealed a new trailer for Sonic Origins. The latest release date trailer offers brief glimpses of the four classic Sonic games that’ll be part of the remastered collection, before cutting to the release date.
You can take a look at the trailer below:
The trailer shows gameplay footage from the classic titles- Sonic the Hedgehog, Sonic the Hedgehog 2, Sonic 3 and Knuckles, and Sonic CD. Players also get to see the new cutscenes from the much anticipated Story Mode.
You can see the iconic visuals of Green Hill Zone, the Motobug Badnik, the Flickies coming out of robots, and the animals captured in the capsule bringing back memories from the good old times.
There are also new features where you can select between Sonic, Tails, Knuckles, or their pairs to play with. There’s also a new “Pause” menu. The other highlights of the footage include South Island, West Island, and the Floating Island from the different games.
— Sonic the Hedgehog News & Updates · Tails' Channel (@TailsChannel) June 3, 2022
You can also see the Veg-O-Fortress from Sonic Spinball and Museum Mode which seems to be the island that appeared in Sonic 3D Blast. Eventually, the trailer reveals the release date for Sonic Origins and its availability on platforms.
Sonic Origins is Coming on June 23, 2022
The trailer confirms the release date for Sonic Origins (once again) as the previous one also did the same. The remastered collection of classic Sonic the Hedgehog games is coming on Thursday, June 23, 2022. We’ll update the region-wise launch time for Sonic Origins later.
Sonic Origins will be available on the same day when the massively popular hedgehog will be celebrating its 31st birthday. The remastered collection was revealed and announced last year in May to celebrate Sonic’s 30-year anniversary.
Sonic Origins will be available on all major platforms
Upon launch, Sonic Origins will be available digitally on all major platforms including PlayStation 5, Xbox Series X/S, PlayStation 4, Xbox One, Switch, and PC. The Standard Edition will cost $39.99 while the Deluxe Edition will cost $44.99.
You can check out our previous posts to know about the pre-order bonus for Sonic Origins. They were revealed alongside the first trailer that Sega unveiled after so long.
What else did Sega reveal at Sonic Central LiveStream?
Sonic Origins was the highlight of the recent Sonic Central Livestream. However, Sega also unveiled a great amount of footage from old and new games while also showcasing glimpses of Sonic’s second entry on the silver screen.
Ben Schwartz took the screen and promoted the new Sonic the Hedgehog 2 movie which is seemingly hilarious and witty at the same time. It apparently features some of the coolest moments from the series and fans will absolutely love it.
Next, the live stream unveiled a look at Sonic Frontiers. It will be an open-world game with a fresh concept. However, not much is known about it yet. It still has time in the development phase, and we can only wait for further announcements.
Sega also gave us a look at Sonic’s upcoming animated series on Netflix- Sonic Prime. This seems to be a very exciting time to be alive as the blue hedgehog’s fan. There are plenty of things lined up and the upcoming months will turn out to be incredible.
For now, Sonic Origins seems to be Sega’s priority followed by the movie and Sonic Frontiers. Let’s hope the studio delivers big time. What are your expectations? Tell us in the comments.


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On the heels of Ford profiting from running it’s prices up y/y, Strabismus checks in.
Stellantis hits record profits but warns on economic clouds
Net profit at Stellantis, the Jeep and Peugeot owner, rose by a third to €8bn, driven by record North American margins of 18 per cent. Revenues climbed 17 per cent to €88bn despite falling vehicle sales.
Parts shortages, particularly for semiconductor chips, have driven prices higher across the industry and allowed carmakers to focus on producing their most profitable models, as well as the electric vehicles needed to hit emissions targets.
Every region in the company’s portfolio recorded profit margins of at least 10 per cent, with even Latin America enjoying a 14 per cent figure despite a fall in sales. Car shipments in Europe fell 300,000 to 1.3mn, hitting revenues in the region, but profits rose to €3.2bn.
Meanwhile, Strabismus unit Jeep bails out of China, largest car market in the world. Management blames “government interference”. The fact is that, since Marchionne’s death, Jeep sales in China have fallen by 90%. My take is management is trying to get the same margins on Jeep in China that they do in the US, but the Chinese are insufficiently indoctrinated in the “Jeep thing” to pay up that much. So, in analytic driven MBA fashion, they abandon the largest market in the world, because they can’t get the exorbitant GP they want.
Jeep Pulls Out of China Over Government Meddling in Business
“We have been seeing over the last few years more and more political interference in the world of business in China,” Tavares said. “We don’t want to be a victim of cross-sanctions as has been the case for other companies in other regions of the world recently.”
“We have two big competitors, Volkswagen and GM, who are very present in China,” Tavares added. “I wouldn’t want to be in their place.”
Tavares acknowledged that the Jeep joint venture was racking up losses but said the company’s reasons for leaving run deeper. He said the decision was rooted in “broken trust” with its local partner, as well as the Chinese Communist Party and its economic policies supporting domestic auto companies.
What a pantload. They failed in China because the Chinese would not let themselves be gouged on Jeeps, like USians do. They will probably bail on India next, for the same reason. Indian market SUV road tests consistently say the Jeep Compass, which is built in India, is a nice car, but the price is exorbitant.
The MBA mantra “we’ll shrink this company to the point where only the few who will pay the price we want will be enough to keep us rolling in loot”


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Charles Arthur: From superfast mobile broadband to self-driving cars that take the strain out of travelling, here's what to expect technology-wise in 2013
Filing points to AR systems which would provide instant replays and song lyrics - but translation service might mean broader use, as past Apple patents suggest it is looking at the sector too. By Charles Arthur
Sony Music and Zappar's partnership is the latest attempt by the music industry to harness AR technology. By Stuart Dredge
C4 Paralympics, iTunes Festival, Ladybird: I'm Ready for Phonics, Lift, Kodiak PHP, Shuffler.fm and more. By Stuart Dredge
Stuart Dredge: Rumpus, Twitpic, Noddy, Dr. Seuss, Kiip, Trello and more
'Quite cutting-edge at the moment, but in five years time, the younger generations are going to expect it...' By Stuart Dredge
William Perrin: Is Google about to open mobile search to geo-tagged blogs?
Stuart Dredge: What's new on the app stores on Wednesday 13 June 2012
Stuart Dredge: What's new on the app stores on Tuesday 17 April 2012
Keith Stuart: A quick guide to interesting video game-themed events taking place over the coming month, from robots in Liverpool to ghosts in Nottingham and ARGs in London
Stuart Dredge: What's new on the app stores on Monday 27 February 2012
Keith Stuart: Tech company augments its AR browser tech with 3D visuals and reveals the gaming possibilities of its smartphone app
Stuart Dredge: What's new on the app stores on Friday 21 October 2011
Stuart Dredge: What's new on the app stores on Tuesday 9 August 2011
London conference provides evidence that they're finding the former, at least
Brands starting to experiment with augmented reality marketing campaigns, but will they pay off?
Stuart Dredge: Startups cite tablets and democratisation respectively as AR looks for a wider audience
Artists and scientists explore the future of our species in the HUMAN+ exhibition at the Science Gallery, Trinity College Dublin
A film at the Human+ exhibition in Dublin explores a future in which gene therapy and prosthetics not only restore sight, but allow people to see in infrared and ultraviolet
Dr Patrick Degenaar explains how retinal prosthetics may one day allow visually impaired humans to see in ultraviolet and infrared
Stuart Dredge: Overlaying information onto the real world looks cool, but its real value could be as an interface rather than as a killer app
3DS handheld console, which can be used without special glasses, described as potential 'game-changer'. By Steve Boxer
You won't have to wonder about how fast you're going on the slopes with these goggles: they calculate it for you in real time
Latest bit of App Store magic gets one up on Google's efforts, but is it still in 'proof of concept' mode?
An arsenic-loving bacterium; an augmented reality dinosaur; what your finger-length means; and should science journals be free?
Andy Duckworth at the premier of the Natural History Museum's interactive film Who Do You Think You Really Are?
Extinct creatures are resurrected in an interactive film about evolution at the Natural History Museum
Symbian co-founder David Wood gives us a virtual version of his curriculum vitae
They may be just a game now, but location services such as Gowalla and Foursquare raise questions about the future of privacy. By Jemima Kiss


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Wittmann Battenfeld USA sets new company record for robot sales in 2015
Canadian PlasticsPlastics Processes
Wittmann Battenfeld Inc., the American division of Austria-based equipment supplier Wittmann Battenfeld, set a new company record for robot shipments in 2015, achieving a 10 per cent increase over its previous best year.
“This is an amazing milestone and a tribute to our great team of robotics and automation specialists,” said David Preusse, president of Wittmann Battenfeld Inc., which is headquartered in Torrington, Conn. “We had set an initiative last year to push harder to reinforce our position as the leading supplier of robots to the plastics industry…and these efforts have paid off.”
Worldwide, Wittmann Battenfeld has built and shipped over 40,000 robots since it began operations 40 years ago in 1976. Wittmann began selling robots into the American market in 1986, and has since shipped over 6,000 robots in the U.S.
Wittmann Battenfeld has 7 production facilities worldwide, 31 subsidiaries, and 24 agencies in 52 countries. Its Canadian operation, Wittmann Canada Inc., is located in Richmond Hill, Ont.


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George Athanassakos is a professor of finance and holds the Ben Graham Chair in Value Investing at the Richard Ivey School of Business, University of Western Ontario.
There has been a lot of speculation over the years about when investment icon Warren Buffett will retire, whether he is preparing for transition (which he has been) and, if so, when he will announce his successor. There is also concern in the markets about what will happen to Berkshire Hathaway Inc. stock after Mr. Buffett retires.
Mr. Buffett has kept his cards close to his chest. He has recently said that his successor has been chosen and that it is someone who already works for the company. But that is all he has said. Should we believe it, as Mr. Buffett always leaves the door slightly open for changing his mind?
This time, however, it may be different. In my opinion, not only has Mr. Buffett truly found a successor, but he has already passed a lot of Berkshire Hathaway's stock-picking decisions on to this person. The recent investments in Apple Inc. and four U.S.-based airlines do not appear to be Buffett-like investments.
Why the "shocking" reversals? It is because, in my opinion, Mr. Buffett is not making them. I truly believe that Mr. Buffett had passed on the torch to his successor. It is the end of an era.
But let's examine more closely Berkshire Hathaway's recent investments.
First, there is the purchase of a stake in Apple. One of the key principles that Mr. Buffett has discussed over the years is that one should invest in companies which are within one's circle of competence. An investor should understand a company's business, and if they don't, they should stay away from investing in the company's stock. Mr. Buffett has repeatedly said that he does not understand technology. But even if he did, Mr. Buffett likes to invest in companies that possess sustainable competitive advantage.
Does Apple have what it takes? In my opinion, the competitive advantage for Apple was the late Steve Jobs. Mr. Jobs is difficult to replicate. And so, there is a management impairment in Apple after his passing. Value investors believe that excellence in management has already been discounted in the stock's price, and the only direction for the stock price is down, unless the company has rigorous and well-thought-out succession planning and transition planning programs in place.
Transition planning was not one of Apple's strong suits when Mr. Jobs was around. Maybe Apple is a value stock, as its price-to-earnings ratio (PE) is around 13 times, very close to what value investors would consider a stock to be possibly undervalued.
But as old hands say, the riskier technology companies are those with low PE when the spark is gone, and to me the spark for Apple was Steve Jobs. Apple did not invest, it innovated. The driver of innovation was Steve Jobs. Consumer tastes are fickle. Consumers will gravitate towards the sexiest and cooler products irrespective of the brand. Can Apple continue to be in the forefront of technology and innovation without Mr. Jobs? I doubt it.
Second, there is the purchase of a stake in four major airline companies – American Airlines, United Continental Holdings, Delta Air Lines and Southwest Airlines.
Mr. Buffett has shunned the airlines industry for decades following his disastrous investment in US Airways back in 1989. In 2007, he explained his reasoning against investing in airlines. "The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, then earns little or no money. Think airlines. Here, a durable competitive advantage has proven elusive since the days of the Wright brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favour by shooting Orville down."
In another interview he gave to The Telegraph in 2002, which was discussed in a 2010 Bloomberg BusinessWeek article, Mr. Buffett summarized his dislike of airlines as follows: "You've got huge fixed costs, you've got strong labour unions, and you've got commodity pricing." He went on: "I have an 800 number now that I call if I get the urge to buy an airline stock. I call at 2 in the morning and I say, 'Hi my name is Warren and I'm an aeroholic,' and they talk me down."
But beyond Mr. Buffett's comments, in general, airline stocks are not investments that value investors would readily make. Airline companies have high business and financial risk – a deadly combination. As a result, during recessions, the question is not if an airline will go bankrupt, but which one.
So is Mr. Buffett still making Berkshire Hathaway's stock-picking decisions? You should be the judge.
Rob Carrick discusses four things Canadians should focus on when it comes to personal finance in 2017: Household costs, mortgage rates, investment fee disclosure and stock market caution


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DALLAS, USA: According to a new market research report "Global Microdisplays Market - By Technology, Products & Applications (2011-2016) published by MarketsandMarkets, the total microdisplays market is expected to reach $995 million by 2016 at a CAGR of 31.82 percent from 2011 to 2016.
The microdisplays market has gained force in the last couple of years. With the number of innovations taking place in the technology of microdisplays, the market is expected to grow exponentially in the next five years at a considerable compounded annual growth. The demand for products that uses microdisplays is on the rise.
A lot of other applications such as the automotive and digital holograms are expected to get commercialized in the next two to three years. The companies are now shifting towards using the OLED technology and a lot of research and development is taking place in this particular market. The companies are realizing the need of these tiny displays and working towards reducing the cost of manufacturing them.
North America and Europe will continue to grow at a CAGR of 21.78 percent and 20.87 percent, respectively in the next five years. Both the regions have potential to grow in consumer applications. Japan, China, and South Korea are expected to have tremendous growth in the microdisplays market and are expected to lead the market in the next five years.


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- Industry Roundup
- Fab & Facilities
- Cell Processing
- Thin Film
- PV Modules
- Power Generation
Hanwha SolarOne is shifting its position in the PV industry in an attempt to improve its business opportunities and financial condition in light of its slow recovery, compared to tier 1 Chinese rivals.
The RMB3 billion (US$492 million) bid from Shunfeng Photovoltaic International for Suntech’s manufacturing arm has been accepted by the administrator of the flailing firm.
The joint secretary for the Ministry of New and Renewable Energy (MNRE), Shri Tarun Kapoor said invitations for tenders for the 4GW mega solar project in India will begin in a few months.
Specialist encapsulant supplier, STR Holdings, continues to struggle following the loss of its major customer, First Solar, last year, as third quarter sales continued to decline, forcing further plant closures and restructuring efforts.
Module manufacturer Canadian Solar has announced two module supply agreements totalling 34.3MW in Turkey and in China.
Yingli Green Energy has reported third quarter 2013 revenue of US$596.3 million and net loss of US$38.5 million as PV module shipments increased 5.1%.
Module manufacturer aleo solar has announced that its nine-month revenue for 2013 was €99.1 million (US$132.7 million) a fall of 55.5% compared to the same period last year.
China’s Ministry of Science and Technology has awarded accreditation to Trina Solar’s State Key Laboratory of PV Science and Technology.
Impacted by its financial woes and ingoing restructuring, SolarWorld said that PV product shipments within its German domestic market continued to decline in the third quarter of 2013.
Canadian Solar has confirmed to PV Tech that it has signed a memorandum of understanding with the government of Punjab for future solar developments.
Global capital spending in the PV industry is expected to increase at a higher rate than previously expected, says market research firm IHS.
JA Solar is supplying 70MW of modules to China-based system integrator, Shanghai CSET Co for several major commercial rooftop projects in the country.
The Solar Energy Research Institute of Singapore (SERIS) and Germany-based FHR Anlagenbau announced a collaboration to develop high-performance Transparent Conductive Oxide (TCO) coatings.
Chinese module manufacturer JinkoSolar has had its polycrystalline products certified by the independent UK-based engineering consultancy OST Energy.
German research and development institute Fraunhofer Centre for Silicon Photovoltaics (Franuhofer CSP) has announced that it will develop an LED-based solar simulator with Wavelabs Solar Metrology Systems after the two companies signed a cooperation agreement.


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Researchers at financial services and student refinancing firm LendEDU conducted an online price analysis of 50 “commonly bought” products — excluding apparel — sold at walmart.com and the same products at Amazon.com — and the mass merchant retailer beat out the online giant.
The categories included home goods, kitchen and appliances, technology and entertainment, food and beverage and “miscellaneous.”
Authors of the research report said “Amazon was 10.4 percent more expensive to shop at for the products listed” and that the only category where Amazon was cheaper “was for food and beverage products, in which it was cheaper by 20.58 percent.”
LendEDU said the highest price disparity that favored Walmart “was with home goods that, on average, were 33.6 percent cheaper than Amazon.” And the most narrow price difference “was with technology and entertainment products, with Amazon pegged as 4.29 percent more expensive.”
The researchers focused on products that consumers tend to purchase frequently. “Perhaps it may be the nature of these products and their widespread availability at brick-and-mortar stores that Walmart has them available for far less than Amazon,” the researchers said. In the home goods category, a subcategory of more replenishable products such as “hand soap, toothpaste, paper plates and red Solo cups” had the highest “price dispersion at 131.96 percent,” LendEDU said adding that for consumer looking to save money, Walmart was the better choice.
In the kitchen and appliances category, of the 10 products compared, walmart.com was cheaper on nine of the items. For example, a Dyson V6 Cordless Vacuum was $175 at Walmart, which compared to $355 on Amazon.com — a 103 percent difference. In the miscellaneous category, Walmart bested Amazon in six of the 10 items. Amazon was 6.4 percent cheaper on the Victor EZ set mouse traps, 50 per pack at $34.61 versus Walmart’s $36.99.


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OnLive's new owner says in a post that the cloud gaming company once again has forward momentum.
The technical wizard at Broadcom shares his views on broadband technology with us in an exclusive interview.
If you follow VentureBeat but don’t regularly check our GamesBeat site, here’s a list of the best video game stories we ran over the last seven days that you may have missed.
Steve Perlman says farewell to OnLive fans and promises future projects that will "blow your mind."
Editor's Pick GamesBeat traces the history of OnLive, from founder Steve Perlman first filing his cloud-gaming patent in 2002, to its recent wave of financial troubles and restructuring.
Steve Perlman, the brilliant but difficult founder of OnLive, has been ousted from the company he created.
OnLive's Steve Perlman donated $50,000 for a fund to help former employees pay for health insurance.
Microsoft is courting former OnLive employees with a networking mixer just for them.
Editor's Pick Steve Perlman has become the King Lear of gaming. But does he have another act?
OnLive owed $30M to $40M to creditors but had little money to pay them in its last days
Editor's Pick After a wave of criticism about how it treated its employees, OnLive reveals more details about its recent sale to a new owner.
The company doesn't disclose who has bought it, but it does confirm that all of its products will continue and that service won't be interrupted by the sale.
OnLive says its focus is "to make the highest quality gaming accessible to everyone, anywhere, and anytime they want it."
Video game streaming service OnLive gets a three-window spectating feature called MultiView, and its competitive, cooperative, and multiplayer advantages immediately stand out.
OnLive is announcing several new deals and enhancements to its cloud gaming service, where users play games that are hosted on web-connected data centers and streamed to client devices.
The first announcement that the company made at the Electronic Entertainment …
The OnLive Desktop app enables users to run a Windows desktop on an Apple iPad or Android tablet, freeing users from their PCs even if they want to use Microsoft Office. It’s a great innovation from cloud-streaming firm OnLive, but …
OnLive promised that it would one day run Windows desktop computer apps on an Apple iPad, and today it is delivering on that promise. As an added benefit, it is also launching the world’s fastest web browser on the iPad.…
It’s going to get a lot easier to play cloud-based games on your television soon. Game streaming service OnLive announced today that its viewing service will be preloaded on the Google TV service.
At the Consumer Electronics Show in Las …
Delivering on one of the big promises of its cloud-streaming technology, OnLive is announcing today that its OnLive Desktop app will give iPad users full access to desktop applications such as Microsoft Word using high-speed streaming technology. The cloud service …
One of the pipe dreams of every gamer is to be able to play console-quality games on tablets and smartphones. Well, that day has come, as you can now use an OnLive app to run full versions of games like …


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SALT LAKE CITY, April 21, 2020 /PRNewswire/ -- The COVID-19 health crisis has forced businesses to vacate their physical office spaces to ensure the safety of their staff and compliance with new regulations. Many companies rapidly adopted a work-from-home (WFH) solution to sustain operations and service delivery. As entrepreneurs and business leaders start looking beyond the current challenges, it becomes quite apparent that the way people work has now been changed forever and permanent office space will no longer be cost-effective and may become obsolete altogether.
However, companies still need a business address, mail-forwarding services, meeting spaces and reliable customer service while they adopt to their new work models. Over 50,000 forward-thinking mobile professionals and businesses have already figured it out. They rely upon virtual office addresses, meeting rooms for rent and outsourced live receptionist services from Davinci Virtual Office Solutions.
"As businesses adjust to economic challenges and explore new operational models, it becomes obvious that permanent office space, hardware-based infrastructure and in-house administrative resources are no longer cost-effective or even viable for the new workstyle. Instead, companies will rely upon virtual office solutions, outsourced live receptionist services and flexible workspace for rent," said Martin Senn, CEO of Davinci Virtual Office Solutions. "Davinci has been the leading provider of affordable virtual office solutions for over 14 years. That is why 50,000 clients trust us with their business already," Senn added.
Davinci Virtual Office Solutions was founded in 2006 and is headquartered in Salt Lake City, Utah.
Clients can obtain prime business addresses, on demand meeting & work spaces and live receptionist services – instantly.
Davinci is the leading provider of virtual office and communication solutions. Davinci offers professional business addresses in over 1,800 prime locations worldwide, with services including mail forwarding, lobby and directory listings, administrative services, virtual assistants, live call answering, call screening, business support centers, entity formation & resident agent services, and more. Davinci Virtual helps businesses maintain a global presence on a local budget.
DavinciMeetingRooms.com is a comprehensive online reservation platform for business, providing access to over 5,000 meeting spaces around the globe. Users can book professionally equipped meeting rooms, as well as critical add-on services such as LCD projectors, video conferencing, wireless Internet access, catering services and secretarial support.
SOURCE Davinci Virtual Office Solutions