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The fast rise of 21st century company brands such as Facebook, Twitter, Instagram, Pinterest, Whatsapp, Snapchat, Skype appeal to many. They all have been very successful and their founders became billionaires. What they have in common is that they are all about communicating text, voice, images and video. Taking digital innovation to the physical economy proves to be a bit harder. AirBnB and Uber, the frontrunners of disruptive innovation in the old economy, currently have a hard time convincing authorities and representatives from the old economy that they have a right to exist.
Just this week Uber was raided by the Dutch police for the second time this year. In March the inspection of Living Environment and Transport seized the administration of Uber’s Amsterdam office in order to get an idea about the size of the uberPOP service. The Amsterdam justice department again sized Uber’s administration as they suspected Uber of offering taxi services without a license and thus still breaching the Dutch act on people transport.
As Ubers market cap is currently estimated at $ 50 billion, the € 10.000 Euro fine per offense with a maximum of € 100.000 that was sentenced by the Amsterdam court in December 2014, is not much to worry about. However the disruptive innovator of taxi services is receiving more and more resistance from justice departments, fiscal authorities and the existing taxi sector and faces legal battles in Belgium, France, Germany, UK, Spain, Australia, Brazil, Argentina, Mexico, Canada and Portugal. Not to mentione the class-action lawsuits that are filed against Uber in numerous cities in the US.
To a lesser extent AirBnB, with a current market cap estimated at $ 25 billion, runs into the same kind of trouble. In cities such as Barcelona, New York, San Francisco, New Orleans and many more US cities legal action is taken by the hotel sector or the justice department since offering hotel facilities is strictly regulated. Interestingly, Amsterdam recently changed its policy regarding temporary housing rentals. It is now allowing housing rentals under strict conditions. AirBnB is overjoyed. But so far Amsterdam proves to be an exception rather than the rule.
Disrupting the old economy is not as easy as it seems. Turning a brilliant idea into an app and securing ample financial backing clearly gives these companies a huge advantage but it is not enough. Airbnb and Uber seem to be in similar situations but are in fact quite different. Both are riding the sharing wave and are disrupting the existing taxi respectively hospitality business. But Airbnb is just creating a bigger supply of B&Bs at the, mostly, low end of the hospitality market.
Uber on the other hand is taking on the traditional taxi sector as a first step in their mission to deliver cheap, safe, reliable taxi rides for consumers. While not owning any physical assets or employing any taxi drivers Uber makes its money with advanced algorithms that combine elements such as surge pricing, driver incentives and penalties, route optimization, real time track and trace, feedback loops and traffic analysis; all to deliver optimized transport for the millions and everything else at the lowest tariffs possible.
In the end lower tariffs can only be achieved by taking out more cost. The biggest chunk being the car and the driver. You need a vehicle for transport but getting a dedicated driver with it all of a sudden does not seem so logic. Ubers CEO Travis Kalanick made clear that the reason taxi rides are so expensive is because “… you’re paying for the other dude in the car. When there is no other dude in the car, the cost of taking an Uber anywhere is cheaper. Even on a road trip.” Kalanick made no secret that driverless taxis are the future of personal transport and that is what Uber is after. Apple, Google, Tesla are all experimenting and investing in the driverless car. If Uber wants to stay in the game it has to go driverless, no matter what promises they make to taxi drivers now.
In the mean time not all capital that has been raised by Uber will go into developing smart ride algorithms and driverless cars. Uber will have to fight an entrenched taxi sector and outdated 20th century legislation and will need to hire battalions of high paid lawyers. But as better and cheaper transport is in the interest of consumers the traditional taxi sector will eventually bite the dust. Yes, uberization of the taxi sector is great for consumers, as long as they do not work in the sector themselves. In the not too distant future, however, they will find out that just about every sector, including the one they work in, will in some way be uberized.


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Billie Eilish is set to appear in a new miniseries for designer fashion brand Gucci.
The seven-part series, called Ouverture of Something that Never Ended, was co-directed by Gucci’s creative director Alessandro Michele and filmmaker Gus Van Sant. It’ll debut during the virtual GucciFest, which takes place from November 16-22.
The series was shot in Rome and features actress Silvia Calderoni as she encounters international stars, including Eilish. Of course, everyone will be modeling the latest Gucci collection.
Eilish has famously worn Gucci on many red carpets, including a head-to-toe Gucci ensemble at the Grammys earlier this year.
GucciFest will broadcast on YouTube Fashion, Weibo, Gucci’s YouTube channel and GucciFest.com.
By Andrea Tuccillo
Copyright © 2020, ABC Audio. All rights reserved.

domain: news


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Nobody likes a hangover—especially the financial kind. Yet after the holiday binge-spending season, many of us start the New Year with an aching budget.
In fact, a December MagnifyMoney survey found those of us who overspent this holiday season will kick off 2017 with just over $1,000 worth of new debt. Ouch.
Get some relief with these four steps.
Interest on big credit card balances can accrue fast—especially now that rates are on the rise. It’s wise to do everything possible to pay that off fast.
“Most credit card [interest rates] are tied to the prime rate,” explains Marguerita Cheng, Certified Financial Planner and CEO of Blue Ocean Global Wealth. “When the rate increases, so will the interest on your credit card.”
Financial experts typically recommend tackling the debt with the highest interest rates first (the avalanche method) because it saves the most over time. But you might prefer the snowball method, which focuses on clearing away small debts first. Cheng says that’s also a great way to “gain momentum and build confidence” to keep moving forward.
Either way, take steps to free up extra money now—by negotiating down cable or cell phone bills, for example, brown-bagging instead of getting takeout a couple times a week or pushing off purchases that aren’t necessities. Then divert that money toward debt payments.
Believe it or not, opening a new credit card could actually help when paying off debt. Look for balance-transfer cards with no interest for a certain period of time. (For example, the Chase Slate card doesn’t charge a transfer fee or interest for 15 months.) This doesn’t lower your balance or erase interest that’s already accrued, but you can avoid additional interest as you pay down the balance. Just be sure it’s completely paid off before the interest-free period ends.
Another option: applying for a personal loan from marketplace lenders, like SoFi, Earnest or Prosper. You won’t find an interest-free deal, but rates are often much lower than what’s typically applied to credit cards.
It’s not just debt that triggers a financial hangover. Skimming a little too much from savings can cause a headache, too. While you’re paying off holiday debt, be sure to budget for rebuilding a cash cushion, as well—ideally, until you get three to six months’ worth of basic expenses banked.
And don’t forget to put money toward long-term goals through an IRA (the deadline for 2016 contributions isn’t until April 18) and other investment accounts. This is the money that will work hardest for you—long after you invest it.


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What is the difference between a stainless and a diamond?
The answers to these questions will be revealed during a live event on Wednesday, March 7, at 8:00 p.m.
The event is sponsored by CoinLab, a San Francisco-based investment platform.
You can watch the live stream here.
The live stream will also include a Q&A session with participants including:Jeff Tannenbaum, CEO, CoinLabJeff Krakauer, CEO & Cofounder, CoinsourceJeff Farr, CEO and Cofounder of the blockchain company Chain and cofounder of CoinLabCoinLab is a leading blockchain technology company and technology advisory firm that provides advisory services to financial institutions, companies, and entrepreneurs.
Jeff Farrow, Chief Marketing Officer, CoinsenseJeff Kagan, CEO of ChainJeff Ragan, Co-Founder of CoinlabJeff Tanna, Senior Partner, Kagan AssociatesJeff Tarrant, Senior VP of Global Finance, CoinlabThe CoinLab team is made up of industry leaders in the cryptocurrency industry.
The team is also the first team to create a platform for global, blockchain-based asset trading and settlement.
You will learn about CoinLab’s solutions for financial services, payments, smart contracts, and the use of blockchain technology to support these applications.
The Coin Lab event will be streamed live on CoinLab.com.
It will be followed by a Q & A session with CoinLab participants.
The Q & AA will be available on Coinlab.com beginning at 8 p.M.
ET on Wednesday.
If you want to stay up to date on the CoinLab event, sign up for our newsletter and get the Coin Lab newsletter delivered to your inbox once a day.
CoinLab is also partnering with CoinDesk for the first ever Bitcoin/Ethereum/DASH (digital currency) Conference.


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Philippine Auto Industry Kicks Off 2017 with 27.8% January Growth
The Philippine Automotive Industry is off to a good start this year as it posted an impressive 27.8% growth in January compared to last year’s sales numbers. The numbers appear in the report jointly issued by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA). According to the report, the local auto industry overall managed to sell 30,425 this January over last year’s 23,808 total for the same month.
Based on CAMPI’s records, 30,425 units sold is the highest January sales record ever. CAMPI adds that all categories performed well, with both Passenger Car (PC) and Commercial Vehicle (CV) segments experiencing similar percentage gains. The PC segment closed with a 27.2% increase from 8,632 to 10,984 units, while CV experienced a 28.1% gain, from 15,176 to 19,441.
Growth in all CV sub-segments
All sub-segments in the CV category saw their percentages increase.
- Asian Utility Vehicles (AUV, Category 1) grew 26.1% from 4,780 units sold in January last year to 6,026 units sold this month
- The Light Commercial Vehicles (LCV, Category 2) rose 27.5% from 9,678 units sold in January 2016 to 12,340 units sold last month
- Light Trucks (LT, Category 3) surged 60.7% from 392 units sold in the beginning of 2016 to 630 units sold on the same period this year.
- Category 4 Trucks and Buses improved 74.4% from 156 units in January last year to 272 units sold this year
- Category 5 Trucks and Buses earned 1.8% growth from 170 units sold in January 2016 to 173 units sold this year.
Unexpected high percentages
“Although we expected lower sales due to seasonality, reaching the 30,000-unit level in January is a good start for the auto industry,” said CAMPI President Atty. Rommel Gutierrez. “We welcome appropriate measures that will not hamper the growth of the auto industry as it continues to positively contribute to the economy.”
In terms of individual performance, the top five performing car manufacturers for January 2017 are as follows:
- Toyota Motor Philippines Corporation (47.8% market share with 14,542 units sold)
- Mitsubishi Motor Philippines Corporation (16.24% market share with 4,942 units sold)
- Ford Motor Philippines, Inc. (8.28% market share with 2,519 units sold)
- Honda Cars Philippines, Inc. (7.18% market share with 2,185 units sold)
- Nissan Philippines, Inc. (5.45% market share with 1,659 units sold)


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Todd Coerver heads to his new corporate digs in Denver and joins five other co-workers each day. Even for a brand that toasted its 10th anniversary on December 9, it’s fair to say Larkburger remains a fast casual with a start-up vibe. But things are changing. Coerver, who was named Larkburger’s CEO in September, spent the past six years with 170-plus unit Taco Cabana. Before that, he was the vice president of marketing and innovation at Whataburger. When he arrived at Larkburger, it was Coerver’s big-pond experience that the brand was counting on. In 2017, the better-burger concept, which was started by Chef Thomas Salamunuovich a decade ago, is leaving The Centennial State for the first time, opening a unit in Kansas’ Overland Park, the home of Sprint. This is really just the beginning of what Coerver says will be parallel growth throughout Larkburger’s home state and the Kansas City market. He expects expansion to ramp up over time, with two to three new units in 2017 and five in 2018. After that? It will come down to growing Larkburger “as fast as we can replicate the magic,” Coerver says. “If you’re not careful, the brand can get away from you,” he says. “There’s a long list of brands out there that have experienced that. When you embark on explosive growth it’s easy to lose yourself along the way, and we want to be sure that doesn’t happen to this ...
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Brew City Black & Tan Onion Rings
The ultimate snack for craft beer fans. Thick cut Brew City Black and Tan onion...


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By Naomi Tajitsu
YOKOHAMA, Japan, Feb 12 () - Nissan Motor warned its annual profit will plumb six-year lows on waning global sales, underlining the challenges it faces as it also grapples with the fallout from the shocking arrest and ouster of its former chairman Carlos Ghosn.
The Japanese automaker, in its first results since Ghosn was detained in November, unveiled an $84 million charge linked to deferred compensation for the executive who has been indicted for under-reporting his salary at Nissan over 2010-2018.
The dour outlook indicates an urgent need for Nissan and Renault to strengthen their partnership, but ties have been strained since the Japanese automaker moved first to remove Ghosn as chairman after his Nov. 19 arrest in Tokyo.
Nissan wants to stabilise alliance operations, said CEO Hiroto Saikawa, who is scheduled to meet newly appointed Renault Chairman Jean-Dominique Senard this week in Japan as they look at ways to cement their partnership.
Ahead of that meeting, the Nissan CEO said he wanted both companies to better leverage their scale to be more competitive and efficient in areas including manufacturing and procurement, while respecting each others' autonomy.
"In the past few years there's been a lot of talk about 'convergence' of the two companies' operations," Saikawa said, referring to one of Ghosn's key aims for the alliance. "While stabilising our operations, we need to re-examine whether investments (towards convergence) are the most efficient."
This could mean a reassessment of the alliance's growth targets through 2022, Saikawa said at a briefing on Tuesday.
Nissan, which is almost 60 percent bigger than Renault by sales, remains junior in their shareholding structure. Renault holds 43.4 percent of Nissan, whereas Nissan has just a 15-percent non-voting stake in Renault.
Japan's second-biggest automaker projected an operating profit of 450 billion yen ($4 billion) for the year to March, down 22 percent from the previous year and 17 percent below an earlier forecast, hurt by a slowdown in global sales.
This would be Nissan's lowest operating profit since 2013.
For an interactive chart on Nissan's operating profit, vehicle sales, click on
SALES TO SKID
Nissan cut its annual global retail vehicle sales view by 5.5 percent and projected weaker sales in China, its biggest market, and the United States.
Saikawa said Nissan will avoid trying to meet sales targets by using discounts, a strategy which has hurt its profitability in North America, the world's No. 2 auto market.
"We were only able to meet 60 percent to 70 percent of our (global) target for the year to the third quarter," Saikawa said. "If we are not careful about how we make up for that shortfall in the fourth quarter we could find ourselves in similar situations we've seen in the past."
"So we want to raise our performance by improving the quality of sales," he added.
Nissan expects to sell 5.6 million vehicles worldwide in the year to March, versus a previous target for 5.93 million.
While it still sees sales growing in China, the world's top auto market, it trimmed its forecast for the country to 1.56 million units from 1.70 million units.
In the United States, it now sees sales tumbling 8.6 percent on the year to 1.46 million units, from 1.55 million last year.
For an interactive chart on Japanese automakers' vehicle sales in the U.S., China.
Nissan and its domestic rivals, including Toyota Motor Corp, have struggled with sluggish sales and falling profit in North America. Their margins have been squeezed as they resorted to steep discounts to drive up demand in a competitive U.S. market where sales have plateaued near record highs.
While it has been able to repair some of its profits in North America as inventory reduction of older models enabled it to dial back on heavy U.S. discounting, falling demand will test Nissan's ability to be disciplined with its incentives.
For an interactive chart on Japanese automakers' annual global vehicle sales.
GHOSN SALARY PROVISION
The bleak outlook comes as Nissan also grapples with the Ghosn scandal and the resulting scrutiny of its corporate governance.
Nissan said it had recognised around 9 billion yen ($84 million) in additional expenses linked to payments to Ghosn. This announcement comes after it was indicted alongside Ghosn with failing to disclose the compensation.
While it is possible that a Japanese court could order Nissan to pay Ghosn that amount, Saikawa said it was "unlikely" the expense would be realised.
This provision refers roughly to the amount Ghosn has been charged of under-reporting in his 2010-2018 salary at Nissan.
Ghosn has denied all charges against him.
($1 = 110.5400 yen)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


text: Tamaris, the shoe brand owned by the Wortmann group, has launched an international online marketing campaign under the hashtag #weristjulia (#whoisjulia). Julia is one of the most common first names in Europe among people aged 20 to 39. Tamaris estimates that 17 million women in Germany wear Tamaris shoes and that quite a few of them are called Julia. It is using the name as a synonym for the diversity of all women. Tamaris started its new social media campaign and guerrilla marketing in selected cities to generate interaction and encourage user-generated content. Videos with real people called Julia will follow. Tamaris connected its retailers with its website last year and aims to invest more in digitalization in 2020. The campaign started in January in Germany and in the next couple of months will be launched in Austria, France, the Czech Republic, Belgium, the Netherlands, Greece, Denmark and Sweden.


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Santa’s Bake Shop in Lindale needs volunteers
Santa's Bake Shop in Lindale needs volunteers! Get the details on how you can help here!
The annual back sale, which features homemade baked goods, benefits the Lillie Russell Memorial Library in Lindale, according to EastTexasMatter.com. All of the proceeds will help the library keep its public events, like summer reading, movie days, storytime and more, free! All the cookies are donated by the community, who bake them at home! The bake sale will be held on December 1, from 11 a.m. to 9 p.m. at the library.
You can get more details and get involved by visiting the Library's website.


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A little while back, we spoke about how the Audi RS2 Avant is now officially eligible for import to the United States. Because it was never sold here, the 1994 RS2 needed to wait until it turned 25 years old before it could be legally imported to the US and, now that it’s 2019, that time has come. Fortunately, it seems as if enthusiasts are already doing so because a legally imported RS2 is now for sale in Colorado.
Farland Classic Restoration is currently the company selling it and it’s a stunning example. It’s a 1994 model year, because that was the only year it was sold, and it’s wearing a lovely Polaris Silver finish. We haven’t seen many Polaris Silver Audi RS2 Avants and now we’re wondering why because it’s a great look for the car. Inside, it gets a black/grey, leather/Alcantara interior with wood trim and the classic Recaro seats. It looks fantastic.
In fact, the entire car looks fantastic. It was an Italian market car, so the car’s original service book is entirely in Italian, but it was serviced and restored in Belgium. Now, it’s here in the ‘States, in Colorado, and will be going up on Bring-A-Trailer shortly.
For those of you not in the know, the Audi RS2 Avant began life on the Audi 80 platform and was co-developed with Porsche to become the world’s most exciting wagon in 1994. It uses a 2.2 liter turbocharged five-cylinder developed by Audi but breathed on by Porsche. So it makes a very healthy 311 hp and was actually faster than a Porsche 911 to 30 mph back in its day, thanks to Quattro all-wheel drive. That engine is paired with a six-speed manual gearbox, as the car gods intended.
This car only has 89,000 km (around 55,000 miles) on the odometer, so it’s been used by not abused. Which is about what you want out of such a car. You want to be able to drive it, so you don’t want a three-digit mileage garage-queen but you don’t want a beater, either.
We’re big fans of the Audi RS2 Avant and I’d personally love to buy this. If I could afford it, a bidding war would soon be in my future.[Source: Farland Cars]


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One other day, one other hate hoax.
Vandals focused a black-owned auto restore store in Spring Lake, North Carolina with racist graffiti and smashed up vehicles.
Safety cameras have been put in to catch the vandals in motion and it seems it was two black guys.
The criminals spray-painted swastika symbols and a KKK hood on vehicles and broke automobile home windows.
TRENDING: Posobiec: State Division Approves Black Lives Matter Flag Shows at US Consulates and Embassies on Anniversary of George Floyd Demise
The proprietor, Dwayne Haynesworth instructed WRAL that he gave the safety footage to legislation enforcement.VIDEO: Vandals smashed up vehicles at a black-owned auto restore store in Spring Lake, NC. They left graffiti presupposed to be a swastika & KKK hood. Nonetheless, footage from a safety system present two black males have been accountable. #HateHoax https://t.co/LbCcB4ZIhG pic.twitter.com/Seswk6Ikxk — Andy Ngô (@MrAndyNgo) Might 25, 2021


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"The Sellersville site can also produce liquids, creams, and ointments, further expanding the PPS portfolio," the statement said.
The site has received certifications from the Food and Drug Administration (FDA) and European Medicines Agency(EMA), it added.
"Many of our customers are looking for US-based manufacturing partners to expand and support their pipeline. This acquisition strengthens our ability to partner with them on best-in-class drug products,"PPS CEO Peter DeYoung said.
Piramal Pharma Solutions now offers solid oral drug product development and commercial manufacturing in all its major geographies, addressing a previously unmet customer need and strengthening its ability to work globally with customers to reduce the burden of disease on patients, he added.
The company expects to further grow the site's current strength to support development services as well as any Covid-19 management drug opportunities, the statement said.


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TRANS EUROPE EXPRESS: Givenchy designer Riccardo Tisci has taken the whole idea of “coed fashion shoot” to another level: The designer is using a transexual among the cast for the house’s fall-winter ad campaign, and it’s someone he knows well: his longtime personal assistant and, interestingly enough, former fit model for his own line. Lea T., a Brazilian with delicate features previously known as Leo, appears alongside an ethnically diverse range of faces in the spots, slated to break in the July issue of L’Uomo Vogue. “She’s always been very feminine: superfragile, very aristocratic,” Tisci enthused of the former Mr. T. “She’s part of the family,” he said, noting that Lea is transitioning into a new career, veterinary medicine, in Milan. Model Mariacarla Boscono, there with Tisci since his start at Givenchy five years ago, appears alongside nine other models, including Malgosia Bela, her hair dyed pink, and Joan Smalls. While some women might find the edgy ads a matter of taste, Tisci explained that including a transgender person exemplifies the masculine-feminine dichotomy that has become one of his design signatures and follows coed casting for his Paris runway last March. Mert Alas and Marcus Piggott shot the ads in a Paris studio. The campaign includes dedicated images for Givenchy eyewear and watches, and Tisci said media budgets would increase in certain growth markets for the brand.
— Miles Socha


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A recent study by J.D. Power shows some of the factors that may have an impact on the overall satisfaction that customers experience throughout the purchasing process of a mobile device with wireless service. The most significant factor was the length of time the owner plans to own the device, with some related statistics also coming into play. Overall, the study showed that those who intend to keep their devices for a shorter length of time typically experience a higher satisfaction rate. On a 1000-point scale, customers that plan to keep their devices for less than one year, which accounts for 34%, had a satisfaction score of 853, and that number drops as the length of time increases. Customers who intend to keep their devices for more than three years, which makes up only 13%, had a score of 817. One reason that a shorter length of ownership may produce a higher satisfaction rate is the age of the device. As devices age, their performance begins to decline. Hardware advances quickly, and current software is typically designed with the latest hardware in mind, so as the standard increases, performance on old devices may suffer.
For users that, at any given time, will have a device that is less than a year old, they can expect the device to continue to perform well for most of the time they own it. The study also showed that the majority of those who keep their phones for less than a year were between the ages of 18 and 34 (58%), and of that group, 79% indicated that they are often early adopters of new technology devices. This presents another possible factor that may impact this particular age range's overall satisfaction: wireless service. As younger subscribers tend to place a high value on things like unlimited data usage and fast connection speeds, the services offered to them by their carrier can have a large impact on their overall satisfaction. The study also shows that consumers feel most comfortable purchasing a device in a store, where they can look at it up close, with 78% reporting having made an in-store purchase. 61% have made at least one purchase online, and 54% have bought devices over the phone.
Interestingly enough, the study showed that those who keep their devices for a shorter duration actually end up paying less for them. Those who plan to keep their phones for less than a year paid an average of $188. Two-year customers average $279, $312 for three-year customers, and $313 for those who planned to keep their device longer than three years. Of course, buying a phone more often still means paying more money overall, as you have to pay for a device more frequently. But given the findings, it may be worth the extra money, because as the study shows, the key to having a positive experience when making a wireless purchase seems to be short-term ownership.


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The Changing Face of E-Commerce Logistics
At the DHL Global Technology Conference 2018 in Austin, TX, Craig Morris—Global Product Head Fulfillment at DHL eCommerce—spoke about changes in e-commerce and implications for the supply chain. Watch a brief excerpt here:
In his presentation, Craig speaks about the changing U.S. e-commerce market, which currently represents about 15% of overall retail sales—with fairly robust growth over the last 5-6 years, accelerating year-over-year. With innovation being the most prominent driver of growth, voice controlled devices are removing a tremendous amount of friction from the buying process, making it easier and more convenient.
Another interesting development Craig discusses is the blurring line between traditional e-commerce and brick-and-mortar commerce as the two converge. He talks about someone physically visiting a store and trying out an item, which they may want in a size or color which is unavailable on-site. Nowadays, there are new interfaces inside stores that can show a consumer how they would look—for example—in a different color dress that may be out of stock at a particular location. If the consumer likes how the item looks within this interface, they can place an order within the store and have it delivered directly to their home. This type of buying experience is only one example of how e-commerce is driving a new retail experience and changing the way consumers shop at stores.
To view the full presentation from the conference, go to: https://www.logistics.dhl/global-en/home/industry-sectors/technology/technology-conferences.html
The DHL Global Technology Conference is well established as an industry platform and networking event, each year building on the strengths and successes of previous editions. Attendees come from many of the most successful and influential businesses in the world. In 2018, delegates included more than 300 technology industry supply chain experts and senior-level decision makers. During the conference, industry leaders and visionaries participated in lively discussions and debates around the theme of “Pushing the Limits.”


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Hublot have teamed with the Bruce Lee Foundation to celebrate the “Legend Never Dies: Bruce Lee 75th anniversary Memorial Exhibition.” In conjunction with the celebration of Lee’s life in Hong Kong during the last week of November at the Harbor City Shopping Mall in Tsim Sha Tsui, Hublot unveiled two new limited edition pieces, the Hublot Spirit of Big Bang for Bruce Lee. The creation of these pieces adheres to one of Lee’s own philosophies: “Obey the principles without being bound by them.”
Hublot decided to break from the normal mold to create the Bruce Lee watch. The Hublot Spirit of Big Bang Bruce Lee 75th Anniversary chronograph replica feature the traditional Hublot case construction – secured by the eight famed “H” screws – this time on a tonneau-shaped case. The case measures 47.7mm by 56.3mm and is crafted out of microblasted black ceramic. The Hublot / Bruce Lee watches feature a black, semi skeletonized dial showcasing yellow dragons – Lee’s astrological sign in the Chinese calendar and also the mythological symbol of power and luck. The watch comes presented with either black and yellow rubber / calf-skin strap (a nod to the “Game of Death”) or a traditional black rubber / alligator strap.
Check out more Hublot Spirit of Big Bang replica watches.


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OpenSearchServer, a French startup that builds an open source enterprise search product, has raised €200,000 or almost $300,000 from top French angels including Kima Ventures, the world's most active angel fund, and Vente Privée founder Jacques-Antoine Granjon.
Enterprise search is a billion-dollar plus market according to Gartner Group, and it's itself part of the much bigger trend of "Big Data." As people and companies generate more and more insane amounts of data, there's going to be tons of money to be made gathering it, securing it, analyzing it, etc.
OpenSearchServer is interesting because it's an open source solution, which is potentially disruptive to the big enterprise search providers, who right now are big companies like IBM, Microsoft, Oracle and SAP.
Not a sexy consumer startup, but nonetheless something important and interesting.


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A public-private partnership in Chile has launched the country’s first certified seal for early table grapes, highlighting quality characteristics unique to the Northern Atacama region.
Chilean early grapes have been popular with U.S. consumers for many years, but this new quality certification seal, called FreshAtacama, seeks to differentiate the product further with a consistent season guarantee.
The initiative represents the first time that growers, exporters and government institutions have come together to work on a quality certification of its kind for the area. The FreshAtacama certification project is part of the government-backed Territorial Innovation Program aimed at helping the industry boost competitiveness.
The seal will particularly look at the consistency in fruit quality and if it is healthy, well finished and turgid. The seal will also consider the unique characteristics of the region of origin and if there is socially and environmentally responsible production.
“The dry desert climate of the Copiapó and Huasco Valleys gives our grapes a crispy intense flavor and consistency,” Nelson Núñez, program coordinator, said in an Oct. 24 press release. “This quality will now be guaranteed by the FreshAtacama Seal of Excellence. Our region’s farmers persevere in their commitment to providing excellent table grapes.”
The seal will kick off with a pilot program of 500,000 cases bound for the U.S. market this year and will likely expand to Asian export markets in the coming seasons.
“We look forward to what this seal means for our industry,” Manuel José Alcaíno, president of market consultancy Decofrut, added in the press release. “Grape-growing in the desert requires a high level of seriousness and commitment. This early fruit industry has developed through great efforts. The process requires a breed of entrepreneur encompassing a high level of sacrifice and vision for the future.”
The Atacama region is expected to export a total of 107,441 metric tons of table grapes this year, with harvests starting in the second week of November with the Perlette and Flame seedless varieties. The region also produces the Sugraone, Thompson seedless, black seedless, Red Globe, Autumn Royal and Crimson seedless varieties. The grapes are renowned for being well finished and turgid, while the climatic conditions help protect crops from fungal diseases.
“One of our key strengths is the climatic conditions that help avoid disease,” Nicolas del Rio, a grower in Alto Del Carmen, added in the press release. “The sanitary conditions of the zone allow us to produce foods with an absence of fungus or the majority of risks associated with microbiological contamination.”
“The region has all the necessary infrastructure and conditions to deliver the best product,” Endraos Nicolas, a grower in Los Loros, added in the press release. “Produced in the most arid desert in the world, our grapes are known for their great quality and intense flavor. This is complemented by progressive advances in certification material and infrastructure for workers, and compliance with labor laws.”
The implementation of the seal is also a result of significant investments in irrigation systems due to the geographic conditions of the desert, and in sustainability and innovation projects that support the efficiency of procedures.
The Territorial Innovation Program is financed by the regional government, supervised and administered by the Agricultural Innovation Foundation under the Ministry of Agriculture, and executed by the Rural Sector Social Development Corp.


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Nobel Peace Prize winner and child rights activist Kailash Satyarthi on Monday said he will soon be launching his "most ambitious and longest-ever"... ...http://www.dnaindia.com/india/report-satyarthi-to-soon-launch-global-campaign-against-child-labour-2110875
Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at... ...http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/U-0loH91huQ/story01.htm
Confronted with sluggish domestic demand, China is counting on e-commerce to lead a new wave of consumption and prop up economic growth. BEIJING:... ...http://economictimes.feedsportal.com/c/33041/f/537910/s/48a8656a/sc/21/l/0Leconomictimes0Bindiatimes0N0Cnews0Cinternational0Cbusiness0Ce0Ecommerce0Erakes0Eup0E20E680Etn0Ein0Echina0Edespite0Eslowdown0Carticleshow0C483282270Bcms/story01.htm
'The target for all our counter-terror operations ought to be Pakistani Punjab's population,' argues Colonel Anil A Athale (retd). The July 27... ...http://www.rediff.com/news/column/colonel-anil-a-athale-pakistani-punjab-must-pay-the-price-for-terror/20150803.htm
The most important trends, innovations, and thinkers of the global digital economy -- and beyond -- will be united by the dmexco Conference program... ...http://www.indiaprwire.com/pressrelease/advertising/20150803381429.htm
is the world economy turning..??


text:
Vilsack comments on USMCA’s Canada dairy ruling
Ag Secretary Tom Vilsack applauds the recent ruling by a USMCA trade dispute panel saying Canada was not living up to the agreement. “We’re now going to have more market opportunity for those fourteen TRQ’s (tariff rate quotas) so where dairy product is going to be sold in Canada, which is obviously good news.”
Vilsack says the theory was the U.S. dairy industry would be allowed to market products to a variety of Canadian purchasers so the tariff rate quota could be met by retail purchases by virtue of wholesale purchases, but instead, the Canadians funneled the contracts and agreements to a handful of potential buyers who either were not interested or could not use the U.S. products covered by these tariff rate quotas. “It was expected and anticipated at the time USMCA was negotiated that this could result in somewhere between two and three-hundred million dollars in additional sales in Canada of dairy products and so hopefully with this ruling, we’ll see that.”
If the Canadians don’t comply with the ruling by Friday, February 3rd, the U.S. can react, which might include retaliatory tariffs on Canadian goods.


text:
Ford and Toyota Sever Partnership to Develop Hybrid Trucks
July 24, 2013 8:26 AM
comment(s) - last by
Each automaker will go their own way with hybrid truck development
Toyota and Ford have been working together for the past two years to develop a hybrid system that can be used in full-size pickup trucks. However, the two automakers announced today that they are parting ways with Ford saying that it plans to launch its own hybrid system for trucks later in this decade.
Considering the blows Ford has taken recently with its
not making the grade in real-world fuel economy, you might think they would want help from Toyota, the current hybrid technology leader.
Toyota A-BAT Hybrid pickup concept from 2007
"After successfully completing the feasibility and development of the hybrid system project with Toyota, Ford is moving forward on its own with development of a rear-wheel-drive hybrid system for Ford pickups and SUVs," Ford said in a statement.
Toyota also issued a statement saying in part, "We have agreed to develop hybrid systems individually."
Toyota and Ford did leave the door open for collaboration on other projects. Specifically, the two companies are considering another joint effort to develop infotainment systems and other telematics projects. Ford could certainly use some help with its infotainment systems as they are often pointed to as the reason the automaker has seen a
decline in customer satisfaction
This article is over a month old, voting and posting comments is disabled
RE: New designs...
7/24/2013 12:11:43 PM
It's a concept from 2007. I suspect the newer concept is even uglier. But concepts rarely make it into production and so the hybrid F-150 will be ugly in a wholly different way.
As for hybrid trucks ... the electric motor could be a real asset, providing torque at low RPMs and filling in when going up hills. As usual the question is one of cost, will it be worth the extra $$ ?
The answer to that has been no. GM dropped it's hybrid trucks, introduced in 2009, late last year. Cited was poor sales due to the added cost. Alas the present administration has decreed costs are no problem and so I expect hybrids to return and be foisted upon the public.
And be ugly too.
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text:
NETHERLANDS: Heineken wins race for Ethiopia's Bedele, Harar breweries
Heineken has won the bidding race for the two Ethiopian breweries
Heineken has confirmed reports that it has won the bidding contest to acquire the state-owned Bedele and Harar breweries in Ethiopia.
Although the brewer was unable to clarify claims yesterday that it led the field in the race for the two companies, Heineken announced this morning (5 May) that the Ethiopian government has chosen the company as the preferred bidder for the Bedele and Harar breweries. The winning bids were US$85m and US$78m, respectively.
Heineken said that it “will now work with the government to finalise the transaction”, a date for which was not given.
“This transaction represents another important step in Heineken’s strategy of increasing its exposure to emerging markets,” said Heineken's president of Africa and Middle East, Tom de Man. “Ethiopia is one of Africa’s most promising beer markets and our expansion … strengthens our platform for continued growth in the region.”
The two breweries have a combined market share of 18% with brands such as Bedele, Harar, Hakim Stout and Harar Sofi. Per capita beer and non-alcoholic malt consumption in Ethiopia stands at about 4 litres, according to figures cited by Heineken.
Heineken can largely thank Africa for the surprise rise in sales in the third quarter of its fiscal year, with the much-vaunted FEMSA Cerveza business in Mexico a late developer....
Heineken has said that it is on track to meeting full-year profits guidance, despite seeing net sales come under pressure from currency in its fiscal third quarter....
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text:
Samsung offers some of the industry's sleekest, most bleeding edge smart TVs—from a hardware point of view. From a software standpoint, their "Smart Hub" interface is less than impressive. That's why it's curious that the company has released the $150 Smart Media Player to bring its flawed Smart Hub experience to any "dumb" HDTV—especially when there are so many other, better TV-smartening options.
Samsung's new set-top device gives users of any TV access to apps such as Amazon Instant Video, Netflix, or YouTube. And that's dandy! I'm just not exactly sure what the Smart Media Player provides that the recently announced $80 CoStar-LT box from Vizio won't. Not to mention the $100 AppleTV, multiple affordable devices from Roku, or any number of other options. And let's not forget Google's $35 Chromecast dongle for viewers who want access to just a few basic smart TV functions.
Samsung's Smart Media Player may appeal to certain low-information consumers who are familiar with the Samsung brand and interface and want to bring that functionality to a second "dumb TV" in their house. A Samsung release on the new product touts the ability to replace a second cable box with a more-affordable CableCard rental from one's moribund service provider.
However, Samsung even appears to be competing with itself to a certain extent. I'm not exactly sure what options—if any—are available on the $150 Smart Media Player that aren't available in Samsung's own $130 Smart Blu-ray player, which sports the Smart Hub UI in addition to Blu-ray functionality.
The takeaway is this: All these smart streaming TV boxes and dongles will go away one day, when all TVs come with built-in smarts. They are a transitional technology. And since most people are willing to ride out their current set until the need arises to purchase a new one, it may make sense to buy a device that will bring the Web and streaming services directly to their TV. But they should keep in mind that there are a lot of quality options out there. There's no need to settle.


text:
Report: Microsoft wants $15 for each Samsung Android device
According to a Reuters report, Microsoft are demanding a $15 patent licence royalty for each Android-based smartphone handset Samsung makes. The report cites local media which quoted unnamed industry officials as saying that Samsung would look for a $10 payment in exchange for working more closely with Microsoft's Windows platform. Samsung has not yet commented on the issue.
The news comes after Microsoft announced four Android patent deals in just over a week. The latest patent deal was with manufacturer Wistron, an original design manufacturer which had a $21 billion revenue in 2010. In that instance the deal also included reference to Google's Chrome platform; this report makes no mention of any deal including Chrome, but Samsung is in the process of launching "Chromebooks" which run that platform. Samsung's rival smartphone maker HTC did a deal with Microsoft just over a year ago.


text:
Keeping an eye on regulatory developments in the crypto market is worth it as it displays the progress made on a particular coin.
Bitcoin and other similar currencies future has really posed a lot of trauma and confusion to the few number of investors of cryptocurrencies in Indonesia. The country’s trade ministry future exchange supervisory board has finally rendered a verdict on the matter. Personally, i think cryptocurrencies are already a commodity whether the country’s central bank accepts it or not.
It is however not a new thing that Indonesia is just putting this into consideration now, because most countries around the globe are yet to legalize this new technology in their country. It is so for just one reason, it is a form of money most people have not seen or experienced before.
Seeing how the trade ministry’s futures exchange supervisory board directly contradict the central bank, has really created a very interesting scene. For now, crypto has already been signed to be considered as a commodity in the country.
After comparing and contrasting, this is regarded as a bullish signal for all cryptocurrencies because, most investors were afraid that the government would place a ban on it rather than accepting it in a somewhat positive manner. Looks as if there will be a light at the end of the tunnel, even though a lot of specifics ha ave not yet been revealed.


text:
NEW DELHI: Cult bike maker Harley-Davidson
has tied up with fashion portal Myntra
to sell its casual merchandise through an exclusive online store.
Launched today, the online store offers a range of casual outerwear, sportswear, denims and accessories, Harley-Davidson said in a statement.
"Through this alliance, Harley-Davidson merchandise will now be easily accessible to over 12,000 pin codes in India," it added.
Harley-Davidson merchandise and accessories are also offered through the brand's dealership network across 17 locations in India.
Harley-Davidson Sales and Dealer Development Director Rajiv Vohra
said the alliance will help the company reach out to more customers across the country.
Myntra's eCommerce Platform Head Prasad Kompalli said: "This alliance will help us cater to Harley-Davidson aficionados by enabling easy access to the brand's lifestyle merchandise."


text:
Samsung is gearing up to introduce a new foldable phone in China on November 19. Previous rumors pointed to a clamshell foldable phone but last week it became evident that W20 5G will simply be the 5G version of the Galaxy Fold. A new listing on Chinese regulatory agency TENAA confirms this as we get the first images and preliminary specs of the device.
Samsung Galaxy W20 5G profile
The W20 5G measures 160.9×117.9×6.9mm which is identical to the Galaxy Fold in its unfolded state. The listing also confirms the presence of a secondary screen, which measures 4.6 inches.


text:
Climate Change Headlines
News / Decarbonisation and greener fuel now looming large on shipping's radar
Decarbonisation is now the second most important issue for the shipping industry, according to a ...
News / Macron claims slow-steaming the best way to cut box ship emissions
President Emmanuel Macron chose this week’s G7 summit to reaffirm France’s commitment to slow-steaming as ...
News / The industry must collaborate and take action to address climate change
Industry must take the lead in addressing the pending climate catastrophe, with “the earth unable ...
Forbes: what’s ahead for supply chain executives in 2019?
FORBES reports: “climate change will drive innovation” just as “BRICS countries become more strategic” and ...
News / IMO 'kills remaining hopes for requiring the building of more efficient containerships'
Efforts to decarbonise the shipping sector have taken a step back after the IMO overturned ...
- 1.Forwarders slam Maersk: 'moving from supplier to becoming a competitor'
- 2.Market Insight: Mærsk to Schenker & friends: 'You're welcome. Now leave us alone.'
- 3.Warning to air charterers: phantom freighter scams on the rise
- 4.'We're sold out' says ONE, but we all face new hurdles in 'this incredible year'
- 5.Turnover and profits down as Kuehne + Nagel struggles through the pandemic
- 1. [email protected] on Importers angry as UK box ports buckle under 'abnormal demand'
- 2. Rayhan ahmed on Warning to air charterers: phantom freighter scams on the rise
- 3. D Kumaar on Carriers are using digitalisation to marginalise us, say forwarders
- 4. robin on As more aircraft are scrapped, 'we must aim to recycle every part of them'
- 5. [email protected] on Forwarders slam Maersk: 'moving from supplier to becoming a competitor'


text:
Social distancing measures have been enforced nationwide. As a result, many brick-and-mortar businesses had temporarily shut down. In particular, the services industry has been hit hard. However, many retailers and restaurants have been shifting business online in response to the lockdown.
According to Valitor, 76% of brick-and-mortar businesses say that COVID-19 has changed the way they advertise strict hygiene measures. In addition, 37% indicate that COVID-19 has caused new special offers and 34% indicate that they have increased their social media presence during the pandemic. Furthermore, 30% of brick-and-mortar businesses have shifted more of their business online.
Decrease in cash payments
Currently, the way people pay is changing. Respondents expect a decrease in cash payments to carry through post-COVID. For those who rely on cash payments, it is worth considering this change when planning for the future.
To avoid spreading the virus, shoppers favor payment methods that involve minimal contact. Alongside directives to stay home, this has led to a significant decrease in cash payments, noted by 59% of the respondents. For those who can move their business online, focusing on alternative payment methods poses a new opportunity, and as the pandemic continues to drain funds, more SMEs are turning to different channels to sustain themselves.
While the COVID-19 outbreak has set almost everyone back, it seems that for most business owners it is a case of when one door closes, another one opens. 65% of business owners said that lockdown had opened new opportunities for them. The greatest shift in how consumers shop has been the transition to online. 55% of SMEs owners have seen this change. As a result, a great opportunity for brick-and-mortar businesses is shifting to online.
Download the complete report here.


text: Nerval's Lobster writes "Salesforce CEO Marc Benioff is unapologetic about his love for Facebook. 'I think all software is going to look like Facebook,' he told media and analysts at the Dreamforce conference in San Francisco. 'Everyone is going to have to rewrite to have a feed-based platform.' If people can collaborate on tagging a photo, he added, they could easily do the same with a product or business problem. Even as Benioff touted his Facebook love, however, Salesforce is veering away from the Facebook model in one key way: whereas Facebook CEO Mark Zuckerberg felt his company focused too much on HTML5 for its mobile apps, choosing to focus instead on native-app development, Salesforce is embracing HTML5 for its Salesforce Touch app, which delivers Salesforce data such as Chatter feeds and contacts to a variety of mobile devices."


text:
COVINGTON — Within just two months of opening, the Mystic Grill has hit a few bumps in the road, but the owners are taking every measure to ensure a safe community restaurant.
Two women who dined at the restaurant on Feb. 21 filed a report with the Covington Police Department noting their credit cards had been compromised.
The first victim said she was contacted by Sears Master Card stating her card had been used in Michigan to make a purchase, according to the report. The other victim, who used her Navy Federal Credit Union card to pay for her Mystic Grill bill, was notified by her bank that the card was compromised and someone was using the card number in Maine and Texas.
Restaurant owner and Covington Mayor Ronnie Johnston said in a statement Friday that the restaurant immediately investigated to discern whether the reports had “any basis in fact.”
“It has come to our attention that an undue connection has been drawn between the Mystic Grill and instances of credit card theft,” Johnston said. “Once hearing this concern, we immediately investigated to discern whether it had any basis in fact. We quickly found out that credit card theft has been recently occurring in large numbers all over Georgia generally and Covington specifically.”
Johnston said he asked the Georgia Bureau of Investigation to check the system and in return reported there were no issues to be found.
“But we didn’t stop there. We also had Ambit Technology come and ensure that everything was secure. They also reported that we had no leak,” Johnson said. “In addition, the daily scans we receive from our credit card company, Mercury, also showed that nothing in our system had been tampered with.”
Johnston said the final step was inviting the local police to investigate the system; no internal breach was found.
“This prevalence of credit card theft saddens us at the Mystic Grill. We do not take this accusation lightly and have done everything possible to ensure that our system has not had any leaks nor will have any in the future,” Johnston said. “We will continue to make sure that our restaurant is one where your business is valued and your dining experience is a secure one.”
Having to investigate reports of guests’ credit card numbers being stolen isn’t the only hiccup the restaurant has faced in its second month of business.
On March 20, Mystic Grill, located 1116 Clark St., received a 61/U score on its health inspection from the Georgia Department of Public Health for 12 items not in compliance, including hands being clean and properly washed; food separated and protected; proper eating, tasting, drinking or tobacco use.
In a statement released on Monday from all of the restaurant owners — Angie and John Beszborn and Ronnie and Kelley Johnston — it was noted that due to the low score the executive chef was fired.
“When we opened the Mystic Grill two months ago, we hired an executive chef who had incredible credentials. Putting our trust in him, we gave him full control of the kitchen,” the statement said. “Until the health score, we were not aware that his labeling system in the kitchen was not done correctly.”
The statement went on to say that they decided to place the kitchen under new leadership after receiving the score. The restaurant was then reinspected on March 26 and received an 85/B score under the leadership of a consulting chef, who had been with the Mystic Grill since it opened.
“Though the inspector was amazed and impressed at the vast improvement in the organization of the kitchen, he took off points because our chef, checking for quality control, tasted and threw away a dish. If it had not been for that instance, then our score would have been 100,” the statement said. “The inspector will return and complete a follow-up report in the next few days. We are completely confident that our score will continue to improve. As the owners, we deeply appreciate the community and their understanding that we are a new business. Know that we are acting as quickly as we can to ensure that this matter is resolved.”
According to the health inspection report, the two things that had not been brought into compliance were no bare hand contact with ready-to-eat foods or approved alternate method and proper eating, tasting, drinking or tobacco use. Readers who would like to know more about a restaurant’s score may go online at www.eastmetrohealth.com to read any violations recorded in the report.


text:
“Game-Changing” Virtual Reality 4D Interactive Prototype Utilizing Oculus Rift
Patent-Pending MX4D Seat Arm Rest Option for Enhanced Effects and Overall Cost Savings
Industry-leading interactive technology house MediaMation, Inc. (MMI) of Torrance, CA debuts two major innovations at IAAPA 2014 which have the potential to “shake up” the motion EFX theater industry and boost the bottom line for attractions across the globe. The first, a Virtual Reality 4D interactive prototype, is believed to be the first gaming system of its kind to integrate MediaMation’s 4D Motion EFX seats with the widely heralded Oculus Rift Virtual Reality Technology and an interactive gaming controller. The second innovation – a patent-pending arm rest option for MMI’s 4D Motion EFX seats – is designed to enhance the patron experience while resulting in an overall cost savings to operators for theater installation and maintenance.
Read more at Blooloop


text:
Kuehne + Nagel states that all its LCL shipments will be CO2 neutral from 2020 onwards, as a first step towards CO2 neutralisation of all its shipments across all modes by 2030
Schindellegi, Switzerland: Kuehne + Nagel states that all its LCL shipments will be CO2 neutral from 2020 onwards, as a first step towards CO2 neutralisation across all its modes by 2030. This is in line with Scope 3 of COP 19’s 2030 Greenhouse Gas Protocol.
With the use of big data and new digital platforms, says K&N, the selection of transport routes and modes can be optimised from a CO2 perspective. The company adds that it has also decided to proactively address the CO2 footprint of the transportation services performed by all its suppliers - airlines, shipping lines and road and rail haulage companies.
Kuehne + Nagel’s Net Zero Carbon programme leverages three fields of action: detection, reduction and compensation of CO2. The company has started its own nature projects in Myanmar and New Zealand and has invested in various nature-based CO2 compensation projects, where carbon is being taken from the atmosphere. The emission credits obtained, it says, are in accordance with the highest international standards.
Dr Detlef Trefzger, CEO of Kuehne + Nagel International AG, said: "As one of the leading logistics companies worldwide, we acknowledge the responsibility we have for the environment, for our ecosystem and essentially for the people.
"Today’s announcement is based on a package of measures to fight CO2 emissions and provide sustainable and innovative supply chain solutions – hand in hand with our suppliers and customers. We thus support the aim of the Paris agreement [COP 19] to limit global temperature rise to 1.5°C."


text:
In certain industries, it's not just good business practice to purchase from local suppliers for goods destined for local markets -- it's required. This is especially the case within the A&D marketplace, where offset requirements mandate that companies such as Boeing and Lockheed Martin purchase a certain percentage content for each platform sold in regional global markets. A recent article in an Indian publication suggests why. According to an article in The Hindu "Aviation companies taking part in multi-billion dollar tenders have been complaining in private about the hefty 50 per cent offset clause." The Indian government is putting some teeth into its policies. As an example, "the Defence Ministry recently canceled a tender for 200 helicopters," because of a contractor's failure to meet the 50% requirement. 200 helicopters represents at least a billion dollars in lost revenue because a company could not implement a regional supply base. That's serious. And it's further proof that procurement should be looked at as a contributor to not just the bottom line, but the top as well in global market environments.
- Jason Busch


text:
In the exclusive interview with Indian Cooperative on the occasion of the 100th International Day of Cooperative, NCUI President Dileepbhai Sanghani shared the idea of organizing the mega cooperative conclave on 4th July at Vigyan Bhawan, which will be inaugurated by Union Home and Cooperation Minister Amit Shah.
We are reproducing important highlights of the interview below:
- Representatives from all the states representing different co-ops will become part of the event.
- NCUI is giving a platform to co-ops through its ‘Haat’ for selling their cooperative products.
- Government has launched many schemes for making India Self-Reliant and co-ops can play an important role in this direction.
- With the creation of a new Ministry of Cooperation, several decisions have been taken to strengthen the cooperative movement.
Watch the Video:


text:
(Adds CEO comments from conference call)
Feb 3 (Reuters) - Medical device maker Hologic Inc reported a better-than-expected adjusted quarterly profit as it sold more 3D systems that help detect breast cancer, and its CEO said he would pursue the strategic review started by his predecessor.
Hologic shares rose 4 percent in extended trading.
“Our expectation at this time is that there will be no major changes to our corporate structure, though we may pursue some select smaller divestitures,” said Stephen MacMillan on a conference call.
ISI Group analyst Vijay Kumar said Hologic would likely sell its blood screening business and that Spanish pharmaceutical company Grifols could be a buyer.
Grifols was a customer of Hologic’s collaboration with Novartis AG on blood screening tests.
MacMillan, the former Stryker Corp head who became Hologic CEO in December as part of a settlement with activist investor Carl Icahn, said he was building on the strategic review started by former CEO Jack Cumming.
MacMillan plans to expand Hologic’s international business, which accounted for only a quarter of sales and said the company would focus on stopping the decline in sales in key products and focus on generating growth in 2015.
Hologic has been struggling with lower spending by hospitals, slower growth in the use of its 3D mammography systems due to a lack of reimbursement and falling sales of its cancer detection test.
Hologic said revenue from its breast health business rose about 3 percent to $226.5 million in the first quarter.
Hologic posted a net loss of $5.4 million, or 2 cents per share, for the quarter ended Dec. 28, compared with a net income of $3.1 million, or 1 cent per share, a year earlier.
Excluding items, Hologic earned 34 cents per share, ahead of analysts’ average estimate of 31 cents per share, according to Thomson Reuters I/B/E/S.
Revenue fell 3 percent to $612.4 million, but beat analysts’ average estimate of $609.7 million.
The company raised the lower end of its earnings forecast by 2 cents for the year ending September. The company said it expects adjusted earnings of $1.34-$1.38 per share.
The company’s shares closed down 4 percent at $20.47 on the Nasdaq on Monday. (Reporting By Vrinda Manocha in Bangalore; Editing by Sriraj Kalluvila and Don Sebastian)


text:
Harpers has an interesting story about the ‘Cuban Sommelier Summit,’ which was held in Napa back in July. What’s the Cuban Sommelier Summit?
The Californian wine industry is looking to build relationships with the Cuban hospitality and restaurant sector as it looks to make the most of a loophole that excludes wine from the trade embargo between the US and Cuba…20 Cuban nationals got a thorough look into the California wine industry thanks to the Californians Building Bridges’ (CBB) inaugural Cuban Sommelier Summit.
Is Cuba Napa’s next big market?
Though California wine is a rarity in the Cuban market, it is not totally unknown. One of the participating wineries in the event, Wente Vineyards is among the few that boast a presence in Cuba. They began exporting 200 to 300 bottles last year – a low figure when compared to the 100,000 cases they exported to 70 countries around the world.
Doesn’t look like it. More at Harpers.
Header via Shutterstock.com


text:
Ethical and eco-credentials are an increasingly important factor when it comes to finding the one, reports Laura Ward, owner of Hampshire bridal boutique Brides of Winchester.
She says, "There's been a phenomenal response to recent demands for more ethical consideration in the fashion industry and this is a clarion call that we will hear louder than ever in 2020 when it comes to bridalwear. Every day we welcome brides to our boutique who want to know the heritage of their dress, where it's made and by who.
"The same brides want the best that fashion has to offer on their big day. Step right up British and European designers whose eye for great design and quality fabrics sit happily alongside a lower carbon footprint and ethical working standards. Soft romantic styles that swish and move are as popular as ever while contemporary brides are wanting dresses with structure and clean lines. It's a designer's heaven with everything to play for in the coming year."
(Dress: Sassi Holford India)


text:
Disney’s Streaming Service Has Made its Debut in India – Subscription at just $20 per annum
One of the biggest streaming platforms, Disney+, owned by Disney, has made its biggest debut in India. Now, Disney+ is available to all the people living in India. It has combined with Hotstar, and you can access Disney+ through Hotstar.
The annual subscription fee to avail Disney+ is just ₹1499. As India constitutes one of the top countries which has the most number of Subscribers, Disney+ has made it cheaper to get more subscribers, unlike in other countries where it is way expensive. The subscribers can watch all of the Disney originals through Hotstar in English and many other regional languages. But, unfortunately, as it has just started, 4K quality features won’t be available for the users, and the maximum quality goes up to 1080p.
Check out the platform here.
Tech Giant Google has Decided to Close its Q&A Neighbourly App in India
One of the world’s largest tech and search engine companies, Google, has decided to its recently released Neighbourly App, which was primarily released in Mumbai. This app was mainly focused on giving the community answers to daily routines, life, and much more essential information.
This was solely a community-based app that also depended on the people to ask the questions and answer it. But, unfortunately, Google disclosed in a meeting which stated that, due to substantial urban migration, busy lives led by the people and their insecurities, the number of answers in Neighbourly was reduced drastically. The app was even released in other main cities like Bangalore and Chennai later on. But, also though the app answered nearly a million answers, Google was not satisfied by the result. Hence, the decision to close the app came to light. As per the latest news, the app will be available until May 12th, but the users will have another six months to download all the essential information.
Amazon India Pantry Starts Delivering Essential Items During the Lockdown
The famous delivery company, Amazon, has started delivering essential items like rice, wheat, etc. through Amazon Pantry in approximately 100 cities of India.
The head of Amazon India, Amit Agarwal, has disclosed in an interview that he is doing the best he can by maintaining Amazon during these drastic times. Other nonessential items supplied by small-time traders are currently stopped in Amazon, and they are only focusing on complete essentials. When asked ‘Have you been working with the government to go through this tough time?’Amit Agarwal replied that he was giving his best, and the talks with the government were already successful. Delivery companies are now very essential to society as people can avoid coming out, and they get everything on their doorstep.
Firstly, the workers in Amazon should be briefed about the protocols released by the World Health Organisation to prevent the further spread of Coronavirus.
Finally, Amit Agarwal ended the meeting by stating that they are trying their best to deliver, and society should cooperate if something goes wrong.


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APPLE boss Tim Cook will not appear before TDs and Senators when they discuss his company’s €13billion tax bill, it has emerged.
The tech giant’s chief exec had been invited to answer questions about the European Commission’s order to repay illegal tax breaks at the Oireachtas Finance Committee next month.
But Sinn Fein’s Pearse Doherty revealed that the offer has been rejected.
He said: “Tim Cook has a moral obligation to come before the committee. It’s a snub to the Irish people and a snub to the Irish parliament.”
The finance spokesman said Apple had told the committee that Cook would not attend because the company is appealing last August’s ruling through the European courts.
However, EU Competition Commissioner Margrethe Vestager, who issued the tax bill decision, is expected to show up for the hearing.
Her probe found that the iPhone maker had paid just €50 in tax for every €1million of profit made outside the US in 2014 after Revenue inspectors okayed the way it routed sales income to the US through subsidiaries in Ireland.
Cook has previously told the US Congress that Apple, which has about 6,000 employees in Ireland and plans to build a new data centre near Athenry, Galway, effectively paid a two per cent tax rate for its subsidiaries here.
Finance Committee chairman John McGuinness described Cook’s rejection of his Q&A invitation as “more than disappointing”.


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BINTULU: Micro, Small and Medium Enterprises (MSMEs) are the backbone of the country’s economy.
Bintulu Resident Datuk Jack Aman Luat said in 2020, these enterprises contributed to 38.2 per cent of the Gross Domestic Product (GDP).
He added that the MSMEs contributed to 48 percent of exports and created 45 percent of the jobs in the country.
“Based on the statistics in 2020, the number of MSMEs registered in the country is 1.15 million and of the total, almost seven percent or more than 70,000 are in Sarawak,” said Jack.
He was speaking at the “Program Sehari Bersama Usahawan (One-Day Programme with Enterpreneurs) jointly organised by SME Corp Malaysia Sarawak Office Branch and the Ministry of International Trade and Industry, Industrial Terminal and Entrepreneur Development (Mintred) Sarawak, at a hotel here on Saturday (Oct 23).
Jack added that the federal and state governments were committed to assisting and support the recovery of MSMEs affected by the Covid-19 pandemic.
“The federal and state governments had spent millions of ringgit to help small and medium entrepreneurs through various assistance schemes,” he said.
He noted that the entrepreneurs were always keen to improve their knowledge on capacity building and productivity assistance offered by agencies such as SME Corp Malaysia, Mintred, Tekun Nasional, Insken, SEDC and TM.
Also present at the programme was SME Corp Malaysia Sarawak director Faiz Ramzi Sutarji.


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Dropbox have just updated their Android app to 2.1.4. Now this may seem like a small update, but there is a key feature here which is unfortunately only available on ICS right now, which enables you stream videos. That’s right, you can now stream videos, movies, tv shows and so on right from Dropbox on to your device, provided you have a good enough internet connection. Some people are saying they were able to stream HD movies right from their Dropbox on to their device and watch them without any problems.
Hopefully this key new feature will be coming to other devices soon. But I can see why they’re trying it on ICS for now because most ICS devices are the most powerful phones on the market right now.


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Its seductive location along a palm-lined, waterfront boulevard in the south of France is one reason why MIDEM in Cannes remains the music biz’s most popular global trade fair and conference.
But following an exceptionally challenging year for the industry and the global economy, a special sense of urgency will pervade this year’s MIDEM (Jan. 17-21), where attendees will be focused less on building up a tan than on developing new revenue sources.
“The people who are going to be at MIDEM are going to be very willing to do business very seriously,” says MIDEM director Dominique Leguern.
U2 manager Paul McGuinness’ attention-grabbing speech attacking ISPs over online piracy set the tone for MIDEM 2008 (Billboard, Feb. 9, 2008). This year, it could be Radiohead co-manager Brian Message’s turn to make headlines.
Message will offer his take on the challenges facing the digital business Jan. 19 during a Q&A session. He hasn’t indicated what he plans to discuss, but a possible hint came in October 2008 when he helped launch the Featured Artists’ Coalition, a U.K. lobbying group. Message complained at the time that new digital music deals were being struck “all too often without reference to the people who actually make the music.”
Making money from new models will be the theme of a Jan. 19 panel, “Artists, Managers & Digital-So, Where Is the Money?”-moderated by Billboard international bureau chief Mark Sutherland-that will be led by Music Managers Forum Sweden chairman Carl Blom and Nettwerk Music Group CEO Terry McBride. The panel promises to be lively. McBride, who manages Dido and Sarah McLachlan, champions “crowd-sourcing” promotion through fan-generated videos and advocates using “über-fans” as online retailers.
“Managers have to start adding some serious value to the model, whether it’s through marketing or promotional expertise or an awareness and chasing down of new opportunities,” McBride says. “No more being a traffic cop.”
Also attending MIDEM will be Stuart Green, manager of the U.K. “folktronica” artist Patrick Wolf. A performer at the Jan. 19 British at MIDEM showcase, Wolf released his critically acclaimed third album, “The Magic Position,” in 2007 on Loog/Universal Music. His next album, “Battle,” is due this spring on his own Bloody Chamber Music label and was financed by online fan contributions through Bandstocks.com.
“As a manager,” Green says, “you have to increasingly take more and more of the roles and tasks which were the preserve of record companies.” -Juliana Koranteng and Tom Ferguson
The reinvention of brands as major music investors will be…
Click here for the full story including the focus on this year’s MidemNet, what brands have that record labels don’t, Russia’s role in this year’s MIDEM and more.


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Ebay will begin accepting apple pay in the fall and, through a new deal with square, offer merchant loans of up to $100000. Paypal is one of the most popular payment options on ebay, so it's only natural that you'll want to link a paypal account to ebay the linking will allow you to use . Linking your paypal and ebay accounts takes about a minute, and provides you with an added layer of security clearance for some of your trading activities. Newest video about ebay violations to sellers ebay is a company based in california whose only asset is its sellers they only. Paypal holdings inc (nasdaq: pypl) stock took quite a hit earlier this month when former parent company ebay inc (ebay) announced it will.
Shares of ebay hit an all-time high on thursday after the e-commerce platform unveiled a plan to take more control of customer payments from. Paypal is a safe and efficient way of getting paid on ebay, and is how most ebay users pay for their purchases in most categories, you're required to accept. Ebay has millions of items for sale, but the only way to pay is with a payment system called paypal this payment system allows buyers to send.
E-commerce giant ebay announced wednesday that it will be replacing paypal with adyen as its primary payments provider paypal posted. Shares of paypal sunk 7% thursday after its former parent revealed it would no longer use the payments service as its primary processing. Ebay will take more control over customer payments from its long-standing partner paypal, in a move that analysts say will help the former. After 15 years, the ebay-paypal partnership is coming to an end the e- commerce giant has announced that it will replace the payment. Read why ebay will be replacing paypal as its main payments processing provider.
Paypal holdings inc on wednesday said it has reached an agreement with its former owner, ebay inc, that calls for paypal to act as a. Paypal shares plunged as much as 12 percent thursday after ebay decided to dump its long-time partner in favor of a competitor. Paypal is the safer, faster and easier way to get paid for items you sell and to pay your ebay fees buyers can pay you instantly, without sharing any financial. The online auction giant ebay announced plans today to acquire paypal, a rapidly growing start-up that lets people make payments via e-mail. One of the tech industry's most storied partnerships is coming to an end ebay announced today that it will stop working with paypal as its.
Ebay (ebay), one of the world's biggest online marketplaces, announced wednesday that it's dropping paypal as its main partner for. Explore ebay payment options today make secure payments with credit card, debit card, bank transfer, or use your paypal account balance sign up for free. Bill ready argues that ebay's plans to gradually replace paypal as its main payment option aren't as bad as feared for his company he's also. Vor 2 tagen bei ebay-kleinanzeigen ist die zahlung mit paypal beliebt doch eine dreiste betrugsmasche nutzt das vertrauen der käufer in paypal eiskalt.
Ebay sellers are finding out the hard way that paypal offers them little protection when the buyer wants to collect an item in person. Paypal holdings inc reported earnings that beat analysts' estimates in the first quarter and gave an optimistic forecast for the second, signaling. Paying for items with paypal on ebay is simple and secure it's also the payment method most commonly accepted by our sellers. Financing retail news: paypal and ebay extended their credit agreement so ebay can continue to accept and promote paypal credit on its.


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Taking the stage to discuss the state of investors in the beverage industry, Michael Burgmaier, managing director of Silverwood Partners, Brett Knudsen, managing partner of PCG Advisors and Franklin Isacson, investment manager at Verlinvest, agreed that strategics are ready for the right product.
“The private equity world is flush, active, vibrant, aggressive and wants to act,” Knudsen said.
As seen in the morning’s New Beverage Showdown, startups are constantly sprouting ideas that are often redundant with other products already dominating certain beverage categories. Burgmaier insisted that a product with a clear focus and growth potential will garner interest with most investors.
“It’s the point of differentiation that’s going to get you noticed,” Burgmaier said.
Isacson acknowledged that many startups expand too early and are unable to meet consumer demand with limited resources and infrastructure. He said that he’s much more impressed with a company succeeding in two or three cities than a company producing mediocre results in 30 states.
“We understand that young brands can burn money in the first few years,” he said, “but there needs to be a path to profitability.”
One brand walking that path is Marley Beverage Company, a relaxation drink that blends the needs of a stressed society with the uplifting messages of Bob Marley’s music. CEO Kevin McClafferty and his team have formed a lasting bond with the Marley family, including Bob’s son Rohan Marley, who spoke of the seamless relationship onstage next to McClafferty.
“It’s not an album, but we had to come to terms that it’s going to represent something good,” Marley said.
McClafferty shared his methods with DSD partners and views on branding and product flexibility. He suggested that suppliers create demand in smaller regions before investing in large markets. Intelligence and delightful packaging won’t matter if you can’t sell or produce your brand.
“You’ve got to have that infrastructure if you think you’re going to grow,” he said.
In 2010, Marley Beverage Company sold 100,000 cases. That number rose to slightly more than 1 million cases in 2011 and exceeded 3 million cases in 2012. McClafferty credited much of that growth to the high service levels that DSD offers. Marley Beverage Company currently has 140 DSD partners in 50 states.
“You can get a whole vibe when you walk into a DSD house,” he said. “You really want something that matches the personality and the brand.”
McClafferty suggested talking to drivers, sales representatives and the rest. Ask yourself: do they believe in the brand? Are they talking about the lead brand? Are they wearing the brand’s logo on their shirts? He argued that these seemingly miniscule details carry over into the bigger picture.
“Brand personality is what dictates your path to market,” McClafferty said.
That personality derives not only from the brand’s team and message, but also from its flexibility amid growth. Marley Beverage Company uses lemon balm, rose hips, valerian root, chamomile flowers, hops and passion flower to enhance mood alertness and calmness and to relax muscles. The company formerly used the sleep-inducing compound melatonin in its products. However after some negative press concerning melatonin-containing supplements that had been issued warning letters from the U.S. Food and Drug Administration, Marley Beverage Company removed melatonin from all of its products and, according to McClafferty, hasn’t seen a dip in product effectiveness or sales.
“It’s vital as a startup to have a lot of flexibility in your plan,” he said.
McClafferty also outlined the steps that a startup needs to take before expansion. If a brand is expanding shelf space, reducing losses and increasing its all-channel volume (ACV), it may be ready for the next step.
“When you have demonstrated the ability to surface the marketplace consistently and with a high quality, you’ve made it,” he said.


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BERLIN -- Volkswagen will decide by the end of the year on the location for a new plant for its future electric model Trinity along the lines of Tesla's gigafactories, according to a report in Automotive News Europe sister publication Automobilwoche.
Various locations in Lower Saxony, Germany, near VW's Wolfsburg headquarters are currently being examined for the plant.
If production of the Trinity is to start in 2026, as agreed to by VW's supervisory board, construction should be scheduled to begin in spring 2023 at the latest.
"We will need no longer than three years to build the Trinity plant," Vollmer said in a December interview with German business publication Wirtschaftswoche.
According to current plans, the factory is likely to be built near the main VW plant, perhaps also on a larger area directly attached to it.
According to information in the Wolfsburger Allgemeine Zeitung, a contract for the Wolfsburg district of Warmenau could also be possible. This area lies to the north of the Group headquarters site.
Among others, the district of Gifhorn had also expressed interest. However, many building and environmental issues must be clarified before the project can get underway.
The main Wolfsburg plant will initially be opened up for possible other electric and internal combustion cars in addition to the Golf or Tiguan and will be fundamentally retooled at a later date.
The aim is to build a single-story plant for Trinity because that is the most efficient solution, Vollmer said. However, if the area is too small, a two-story construction can be used in some areas.
The plant could even use drones to transport parts, Vollmer said, and VW is considering having vehicles drive autonomously through the plant while it is still in production.
"I think it's very realistic that the Trinity vehicles are already on the road autonomously in the factory, for example, to drive to parking locations or to do test drives for quality assurance," Vollmer said at the time.
The production version of the Trinity concept will use VW's new SSP architecture that allows for Level 4 autonomous driving and new battery cell technology.


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The central bank has clarified to the industry that none of the intermediaries, even licensed payment gateways and acquiring banks, would be allowed to store card data and offer tokenised files to merchants under the upcoming payment aggregator and payment gateway regulatory regime kicking in from 2022, two sources aware of the matter told ET.
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"The central bank has reiterated its stance that it only sees tokenisation as an alternative solution for merchants aiming to offer a one-click checkout facility to customers," said a source present at the meeting.
"It has also been made clear that only card networks and issuing banks will be allowed to tokenise files corresponding to customer card details. Payment aggregators and merchants will have to devise systems to avail this tokenised link from their respective banks or networks," the person added.
Tokenisation is an encryption technology that enables card operators to mask actual details of a debit or credit card by substituting with a secure, unique digital token linked to a customer device.
Only this proxy token can be stored by merchants and aggregators to process payments to offer one-click checkouts. Those merchants without access to tokenised links will have to ask customers to fill in the entire details of their card including the 16-digit number every time they make a payment.
The central bank's insistence on strict card storage norms is on the back of several recent high-profile cyber attacks such as those on JusPay, Mobikwik, Big Basket, Air India and Upstox.
RBI is said to be firm on its stand on customer security where it doesn't want entities that are not under its direct supervision to be storing card details of customers on servers.
While payment aggregators will be allowed to store card details for processing of redressals and chargebacks, the new rules will stipulate a fixed time under which this data will have to be deleted.
ET reported last week that industry forums, including the Payments Council of India (PCI), have suggested alternative solutions beyond encryption through tokenisation - such as secure reference on files - to minimise customer inconvenience to the central bank.
RBI didn't respond to ET's mailed queries.
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