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Recently, a report said that Apple would account for more than 50% of flexible OLED shipments in 2021. Now, the same Korean media says that Samsung could be the top beneficiary with BOE scraping a small part.
As mentioned above, an earlier report speculates that Apple will ship about 160 to 180 million OLED iPhones in 2021. Apparently, the prediction includes both the current iPhones(iPhone 12 series) and the upcoming one(Tentative: iPhone 13). Now, a report by the TheElec says(via Mydrivers) that Samsung Display will contribute to about 140 million shipments out of the total.
That is, it will supply about 140 million OLED panels to Apple which is more than 70% of the total shipments of the company. So that works out to about 30-40 million remaining units. Out of this, if the report is true, BOE will account for about 10 million.
Although it’s less than one-tenth of the entire shipments, it’s better than worst considering the year it has had with vendors. After failing to lure Samsung for the Galaxy S21 orders, it reportedly failed Apple’s test yet again recently. Now, one might wonder how will BOE get orders if it failed the quality control test. Here’s where the catch lies.LG Display(about 20%).
Besides, the report also mentions the shipments LG’s POV(Point Of View). Accordingly, if LG exceeds 40 million units, Samsung’s orders will sit around 120-130 million and BOE, the rest. Precisely, despite the discrepancy, BOE is expected to cover only around 10 million OLED panels.
That said, a 60-80%YoY surge in OLED shipments is due to the fact that Apple switched the entire iPhone 12iPhone(iPhone 13) is likely to have a 120Hz display. If the report is true, two of them would have LTPO(Low-Temperature Polycrystalline Oxide) display designed by Apple.
Assuming the two would be the Pro variants, we can also expect them to get an upgrade in ultra-wide camera with an f/1.8 aperture and a 6P lens. Other leaks point to an Apple A15 Bionic SoC, 1TB storage option, and a possible inclusion of Touch-ID.
ALWAYS BE THE FIRST TO KNOW – FOLLOW US!


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TRURO – It lurks in the shadows, affects countless numbers of Canadians every year and carries a dollar value that has surpassed that of the illegal drug trade.
© Harry Sullivan - Truro Daily News
Welcome to the world of ‘identity theft’.
“You don’t know if you are a victim (at least right away) and we don’t know how the big the problem is,” says Roger Miller, president of North Eastern Protection Services Ltd., and a member of the Colchester Police Advisory Board.
During a recent presentation to Colchester County Council, Miller said that in 2011 a police task force established to tackle telemarketing fraud in Canada reported that more than $13 million had been stolen from 21,749 victims.
Those were the known cases, which he said experts believe represent only five per cent of the actual numbers.
Identity theft is when someone illegally uses another individual’s personal information for their gain and it can be achieved with such basic details as your name, date of birth, employer and income level to obtain credit or create a fictitious identity using your data.
“If that information gets breached, you are wide open (for criminal abuse).”
With identity theft, which Miller said has been called the “crime of the century, the number of victims is also unknown and a perpetrator can stay hidden until they have amassed enough credit in someone else’s name to take out a mortgage or a large line of credit.
“In a lot of cases, banks will make these things go away,” Miller said. “You and I are paying for that.”
A case in point is a CBC story from this week involving a Canadian whose $87,555 inheritance was wired by the Bank of Montreal to a scammer after the staff person involved failed to ask security questions.
The man, Bruce Taylor, was having open-heart surgery in Houston, Texas when his account was emptied. Although he has since been reimbursed with interest, Taylor said it took several frustrating months for the bank to take financial responsibility for its error.
“I think (BMO was) just trying to wear me out, hoping I would just fade away … or die,” he said, in the CBC story. “I’m living proof that (the bank’s operations) can be compromised,” he said. “In my opinion, it just means nobody’s money is safe.”
Miller said he also recently had some funds transferred out of his account that he knew nothing about until he found an inconsistency in his bank statement.
“I have been reimbursed but no one will explain why it happened and I have to monitor to make sure it isn’t a more serious breach looming,” he said.
Given the amount of personal information that many people share on social media sites, such as Facebook, and the fact that security surveillance cameras now are located at pretty much every retail and business location, Miller said people are electronically tracked from the time they leave home in the morning until they go to bed at night.
Stop at a coffee shop or gas station for instance and use a debit or credit card and you are electronically tracked. Pass through a tollbooth and you are scanned by a camera, or buy a ticket or other product online and your personal data is sent hurling through the information hyperspace.
Or, simply check into a hotel and your entire profile of personal information goes into an electronic database that one day could be hacked or otherwise compromised.
“Stop putting stuff on Facebook,” Miller said, of such personal information as travel plans or anything else that could leave you susceptible to being victimized.
Another major no, no, he said, is carrying your social insurance number (SIN) on your person. That information is vital and can provide a major gateway to identify theft should it fall in the wrong hands. And given that the federal government doesn’t even issue SIN cards anymore (the information is provided instead in a letter) there is absolutely no need to carry it with you.
And absolutely stay away from spam e-mails offering free credit scores or other requests that require you providing personal information.
“You should never respond to those e-mails,” Miller said.
To help prevent identify theft, he recommends carefully checking banking statements for any inconsistencies and shredding or burning any correspondence that may contain personal information.
“I’m not down on the Internet, I use it every day,” he said. But he does advise being cautious, because once your data makes its way onto the information highway - in whatever format - it is there forever.
“It’s out there, you can’t take it back,” he said.
RCMP offer tips for fraud prevention month
HALIFAX - March is Fraud Prevention Month and the RCMP encourages Nova Scotians to protect themselves by learning how to recognize it and by safeguarding their personal information.
In the hands of the wrong person, personal information could mean serious financial consequences.
``Be cautious when sharing your personal information,” said Sgt. Tom Murdock of the Nova Scotia RCMP financial crime team, in a news release. “Be mindful of what you share and who you share it with. Each personal detail, while seemingly innocent on its own, is a piece of a puzzle that when put together, provides a very clear picture of your personal and financial identity.”
Criminals will go to great lengths to acquire personal information, and there are many scams by which they do so, Murdock said.
“Someone may call and pose as a legitimate business, person, or government official to get an individual to provide their personal information,” he said. “Or they will send emails that appear to be from legitimate organizations urging an immediate response about an account issue in hopes of obtaining banking or credit card information.”
Some scammers simply observe financial transactions at ATM or retail debit machines to collect credit card or bank card numbers, while others go through people’s mail or garbage to find personal information.
The RCMP offers the following tips to protect yourself from fraud:
· Be wary of unsolicited e-mails, telephone calls or mail seeking personal or financial information from you;
· Never voluntarily give out information to unknown callers;
· Always question urgent requests for money, particularly from people you do not know;
· Be mindful that individuals may be watching as you enter your PIN while using an ATM machine or retail debit machine;
· Be cautious about the personal information your share online through social media.
For more information on common scams and to get more tips to protect yourself, please visit http://www.rcmp-grc.gc.ca/scams-fraudes/index-eng.htm. If you think you or someone you know has been a victim of fraud please contact the Canadian Anti-Fraud Centre 1-888-495-8501 or www.antifraudcentre.ca.

domain: news


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Blackpool boxer's new gym in international deal
A Blackpool boxer who launched his own business last month has landed a knock-out deal with an international partner.
Ryan Davies and his trainer dad Mark opened Davies Boxing Gym, a professional boxing and fitness gymnasium in Brinwell Road on February 1.
The gym at the Clifton Trade Park has been a lifelong ambition of the father and son team, who said they had ploughed a significant amount into the new venture.
Now the Davies gym has teamed up with RDX Sports, the noted fight brand, to become an Official Partner Club to the boxing, mixed martial arts and sportswear manufacturer and retailer.
It means the gym is now a part of the RDX Partner Club Program, which aims to provide industry focused experience and support to help stimulate the growth of businesses in the boxing and fitness industry.
This partnership also allows clients to buy exclusive RDX products directly from the gym, at discounted prices, while the gym will be supplied with a range of products and equipment to enhance the facility.
RDX, whose brand ambassador is unbeaten heavyweight boxer Anthony Joshua, carefully identifies potential partners and Davies Boxing Gym are one of only a select few in the UK to be given this status.
Ryan said: “Opening my own boxing gym has been a dream of mine and when this opportunity presented itself it was simply too good to ignore.
“I am proud of what we have created and the gym is exactly how I always imagined my own place to look.
“We are excited about becoming an official RDX Partner Club and are looking forward to working closely with them, to benefit the gym and also myself, as a professional boxer, in terms of cutting edge technology and equipment and an association with a globally recognised brand.
“This partnership will offer our clients both unique and exciting opportunities courtesy of RDX with the chance to be the first to test new products, kit and equipment.”
John Miller, Business Development Manager for RDX Sports said: “We are thrilled to be working with Blackpool’s newest boxing gym and also a successful, developing professional boxer like Ryan.
“Partnership is essential to RDX’s goal of making a meaningful impact by uniting forces, and incorporating professional skills. This relationship seeks to leverage the strengths of both RDX and Davies Boxing Gym to co-develop and co-promote next generation sports and fitness gear for professional athletes and novices.”


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And most people think that grocery stores are profiteering as inflation rises
More Canadians are taking defensive action as the cost of living continues to rise.
Although core inflation rose in July by slightly less than in June, the 7.6% annual hike in prices is now the reason that 4 in 5 respondents to an Angus Reid Institute poll are reducing their spending.
The survey, carried out earlier this month, shows those watching the pennies has risen from 74% in February with cuts to discretionary spending, delays for major purchases, and less driving among the measures taken.
There is also less money being allocated to travel and charitable donations; and Canadians are easing back on saving for the future with 19% saying they are deferring or not making contributions to their RRSP or TFSA.
Half of Canadians would not be able to meet an unexpected $1000 expense.
More than half (56%) of Canadians say they can’t keep up with the cost of living, while two-in-five (39%) feel they are keeping pace.
Three quarters of respondents said they stress about money with women under 55 most likely to say this (4 in 5).
Asked what they would do with a surprise $5000 bonus, most would still opt for saving or investing it (43%).
With almost 6 in 10 respondents saying that they have too much debt, 38% would use bonus cash to reduce this burden (38%).
Using it for everyday expenses was cited by just 10%, suggesting that, even as prices put pressure on household budgets, longer-term financial security remains paramount.
For those on the lowest household incomes (less than $25k pa) the share of those who would use this hypothetical cash for essentials is significantly higher than average (23%) but remains below the share who would prioritize paying down debt (33%) or saving/investing (40%).
For those with household incomes above $50K, an equal or larger share would spend a bonus on a big-ticket item rather than on everyday expenses.
With putting food on the table a key focus for tight budgets, 78% of respondents believe that grocery stores are taking advantage of inflation to make increased profits.
A recent report from Statistics Canada revealed that one in five Canadians say they are likely or somewhat likely to use a food bank or get help from other community food resources.


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With 175,500 employees, Publix has the distinction of being the largest employee-owned supermarket chain. It also has the distinction of an Employer of the Year Award from United Cerebral Palsy for its commitment to hiring people with disabilities.
Founded in Tampa, Fla., in 1930 by the late George W. Jenkins, a former Piggly Wiggly store clerk who grew up working in his father’s general store, Publix now boasts 1,077 grocery stores across the Southeast, according to spokeswoman Maria Brouse. As an employee-owned company, employees receive 8.5 percent of their paycheck in the form of Publix stock.
In 2013, Forbes profiled the unique culture at Publix in an article entitled “The Wal-Mart Slayer: How Publix’s People-First Culture Is Winning The Grocer War.” That article praised Publix for its transparent management style and also said it was the most profitable grocery chain in the United States.
Publix has a policy of supporting employees who want to try new skills. Chris Friedman, who has intellectual disabilities, has been an employee with Publix for 14 years. When managers at the store in Longwood, Fla., became aware of his strong math skills, they gave him the support he needed to transition from bagger to cashier. In his new position, Friedman not only feels more productive but has also become a customer favorite. Many regular shoppers make a point of coming into the store during his shift so that they can come through his aisle.
“We place a priority on providing a workplace where everyone can feel welcome, secure and valued. This guiding philosophy has been part of the reason why we’ve been able to grow and continue growing in the competitive grocery industry,” Brouse said. “We believe that every associate should be able to bring their whole person to work each day. Our company recognizes that we are made up of the talents of many, yet we foster the uniqueness of each. It’s a place where you can be exceptional, and be yourself.”
United Cerebral Palsy chose Publix for a recent Employer of The Year Award because of its “contribution to employing people with physical disabilities and helping people with disabilities reach their full potential through meaningful employment.” They praised Publix for setting a precedent for all workers to respect diversity and for requiring all managers to attend diversity workshops. In addition, disability awareness is incorporated into every new associate’s training.
The company has had a relationship with Special Olympics Florida for more than 40 years. Since 1994, Publix associates and customers have helped raise more than $29.6 million for Special Olympics scholarships given to athletes across the Southeast.


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Apple has ordered millions of earth-friendly packaging trays from a Dutch company that makes injection-molded shipping products from potato starch, according to The Register. After weathering criticism in the past from the likes of Greenpeace for the company’s use of Brominated Fire Retardants (BFRs) and Polyvinyl Chloride (PVC) in its products, last year, Apple CEO Steve Jobs promised a greener Apple. Turning once again to the company that made shipping trays for the first generation iPod nano and iPod video, Apple plans to ship its new iPhones in cardboard boxes with a fully recyclable tray made from 100% natural sources such as potato or Tapioca starch, according to Hans Arentsen, CEO of the Dutch company PaperFoam.
Daily round-ups or a weekly refresher, straight from Cult of Mac to your inbox.
The week's best Apple news, reviews and how-tos from Cult of Mac, every Saturday morning. Our readers say: "Thank you guys for always posting cool stuff" -- Vaughn Nevins. "Very informative" -- Kenly Xavier.
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Discerning thieves have cleaned out a southern Canberra household with the haul including a Pro Hart painting and vintage wine.
The owners discovered the burglary at their Mawson Drive home yesterday afternoon.
The stolen items include an original Pro Hart oil painting, The Rabbit Trapper's Wife, valued at more than $10,000.
About 30 bottles of Penfolds Grange red wine valued at more than $15,000 were also taken along with another 150 bottles of red.
Thieves also took silver cutlery, a coin collection and jewellery worth more than $35,000, two televisions and two cartons of beer.
Police say the home was ransacked and two wall safes were removed.
Police believe the theft happened between midday Sunday and yesterday afternoon.
They say the thieves used a truck to move the items and they are appealing for any witnesses to come forward.


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Drawing upon our research and interactions with clients, Accenture is making seven predictions for stories to watch at the National Association of Broadcasters (NAB) event that occurs April 18 through April 21 in Las Vegas.
Here they are:
-Super Platforms Spawn a Billion New Live Broadcasters
-Ad Blockers In Digital Advertising
-Virtual Reality Gets Real
-Broadcasting’s Big Disruptor: ATSC 3.0
-A “Data Driven” Broadcast/Video Business: What Does That Mean?
-Urgency of Delivering Digital Content
-Cord-Cutting Won’t Kill Cable
Prediction One: Super Platforms Spawn a Billion New Live Broadcasters
The growth, power, and influence of super platforms, such as Amazon, Apple, Facebook and Google, will be a big story in the media and entertainment industry over the next several months and at the National Association of Broadcasters show that begins April 16th in Las Vegas. These companies provide attractive, low-cost cloud super platforms and services. Watch for news about them offering competing video products that have emerged as an increasingly important channel for consumers. The super platform giants are on a blazing innovation pace that will drive an increasing amount of radical disruption for broadcasters. For example, Facebook sees video as a growing primary form of communications. The company’s Livestream is a prime example. Facebook will enable a billion new broadcasters with a potential audience of the same size, coupled with an analytics capability to make the right connections.
Consider what these billions of new broadcasters could do to live news broadcasting where everyone at the scene becomes a camera-person. Unlike broadcasters who constantly struggle with what footages to save and archive, Facebook will rewrite the storage rules – by storing all of it.
Prediction Two: Ad Blockers in Digital Advertising
Digital advertising is being threatened. Expect this to be a major story during the next several years. There is widespread consumer frustration with poorly targeted digital advertisements. Digital ads are too frequent and do not address their personal interests. Ad blockers are becoming a required application for these viewers, and the growing sophistication of these tools threatens to undermine the revenue of major media companies.
These challenges affect not just advertisers but broadcasters, cable providers, Internet service providers, content creators networks, and consumers. Expect there to be plenty of news in the next year focused on what can be done to personalize advertising content to consumers and create a monetary system that works for everyone.
The cat and mouse game between digital advertisers and ad blocking providers will be a major story as vendors release programmatic solutions backed by powerful analytics engines. These solutions will do a better job of pulling data together from disparate sources and matching ads with specific audiences. Expect to see programmatic advertising that can travel across devices for a consistent ad experience. There will be announcements about successful ad formats, leveraging analytics tools, enabling interactivity, embedded live texts, and integrating content and ads.
Gavin Mann is the global broadcasting lead for Accenture, He can be reached at email@example.com.
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7 Reasons CFO’s are Ditching Manual Payments
Originally appeared in LinkedIn
While many Chief Financial Officers have helped their companies weather the past two years’ financial storms, some businesses still struggle to stay afloat. According to the latest data from the Federal Reserve, non-financial businesses’ debt has risen to a staggering $18.5 trillion.
While debt may increase, CFOs understand the need to innovate. Gartner research indicates that 82% of CFOs’ investments in digital technology are accelerating, exceeding investments in other areas such as talent, supply chain, business services, or fixed assets. In fact, more than 80% of CFOs are expected to increase their time-spend on advanced analytic technologies and tools that the finance function can use to provide more forward-looking and predictive insights to the business.
CFOs, whose responsibilities often extend beyond financials to those of Chief Operating Officer, have had to balance stability with growth amid changing workplace conditions, worker shortages, and supply chain nightmares. It is no surprise they are recognizing the necessity of adopting technology to increase efficiency, reduce costs, and optimize working capital. Being bogged down with manual processes is no longer an option.
Case in point: The pandemic highlighted the necessity for payments digitization to accelerate balance sheet improvement, with 71% of CFOs saying they have increased their use of digital payments since March 2020, according to a report from PYMNTS.com and Corcentric. As a result, 53% of CFOs say they send and receive fewer check payments and 87% say the same for cash. Digital payments by credit card have experienced the greatest growth in usage of any payment type.
However, fast-tracking payments digitization is not only about utilizing improved methods of financial transactions. CFOs who have decided to ditch manual processes know there are essential benefits to experience. The following seven reasons are the top business boons driving adoption of up-to-date payments technology:
- Greater operational efficiency. Eliminating paper and manual data entry reduces the risk of human error, freeing up workers’ time for other valuable tasks. It also helps streamline accounts payable and accounts receivable functions, which have historically operated in siloes.
- Comprehensive cash flow and working capital. When a business has more flexibility with financial settlement, everyone in the equation is happier: Suppliers will get paid faster, customers can take advantage of early payment discounts and rebates, and the business can have more accurate forecasting.
- Seamless operations integration. When transaction functions are automated, digitized, and integrated, procurement and finance teams can collaborate and clearly view ongoing cash flow. This real-time insight into cash flows can also help unlock funds for key business initiatives.
- Unified digital tools. Companies and vendors prefer working on the same system, which also has the benefit of increasing efficiency of transactions. Digitization helps improve the user experience, which can also serve as a key differentiator and selling point in business negotiations.
- Transparent processes. Vendor portals allow customers and suppliers to view transactions and invoice statuses in real time. This can help improve vital business relationships and communications, as well as foster trust and transparency.
- Enhanced security. Digitization enhances data security and fraud detection, helping keep valuable data and transactions secure. This is especially beneficial for businesses still cutting paper checks instead of using digital solutions. Information security is a major issue today, as companies are facing increased phishing and hacking attempts.
- Competitive advantage. Falling behind in implementing this technology increases the risk of losing business for the entire organization. Choosing not to innovate may lead to becoming obsolete, as embracing digital solutions offer many benefits not only for the business but for clients and suppliers, as well.
Despite wavering challenges, businesses can no longer coast on the topic of digital transformation. But the good news for CFOs and financial teams is that they can make a significant difference. According to the PYMNTS.com and Corcentric report, 91% of CFOs who implemented payments digitization improved efficiency, 62% reduced costs, and 61% experienced stronger data security.
That means organizations of all sizes and industries can find freed up time to continue embracing the right kind of change.
To learn more about how companies from a wide range of industries are using payments digitization to transform their operations, download the report.
At Corcentric, we stand ready to help. To learn how we can help, contact Corcentric today.


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If her name sounds familiar, it’s probably because you've already heard of @wanderingggirl before: It’s the handle of an Instagram influencer with 63,000 followers who turned out to be a total fake, a persona created by a team at digital marketing agency Mediakix. They curated a glamorous feed of stock photos and bought followers as an experiment to see how easy it would be to get brand endorsement deals with a fabricated account.
Mediakix came clean to the press last summer about its stunt to make a point about how far a fake influencer could go and show how brands and advertisers aren’t savvy about looking out for fake followers or fake engagement on Instagram. It expected Instagram to shut down @wanderingggirl after it went public about the hoax — but it didn’t. So Mediakix decided to keep going, this time with the travel industry.
Monday, June 25, 2018
"It’s Easy To Scam Your Way Into Free Hotel Stays By Pretending To Be An Instagram Star"
Labels: advertising, facebook


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Paul O’Neill will become the 21st player in New York Yankees history to have his jersey retired.
The Yankees announced they will add O’Neill’s No. 21 jersey to their collection in Monument Park in a ceremony before their Aug. 21 game against the Toronto Blue Jays.
This article will be updated to
provide more information on this story as it becomes available.
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text: After 28 years of continuous growth, sales volumes declined for the first time in China’s domestic automobile market in 2018. In 2018, the total sales volume was 28.08 million, representing a reduction of 2.76% compared to the 28.88 million recorded in 2017. The sales volumes of passenger cars also decreased by 7.99% . The downtrend seen in China’s automobile sector is a microcosm of the real economy which is under significant pressure in China. Influenced by the deleveraging in the finance sector, trade frictions, everyone agrees on one thing…winter is coming. So how can enterprise and their brands offset consumer fears and continue to grow in China? How can enterprise leverage new technologies and leverage the vast amount of data generated by mass content consumption?


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Tata Group to set up ₹13,000 crore lithium-ion battery giga factory in Gujarat
Tata Group to invest ₹13,000 crore in setting up a lithium-ion cell manufacturing factory in Gujarat. The plant will have an initial capacity of 20 GWh.
India's leading conglomerate, Tata Group on Friday announced its plan to set up a lithium-ion cell manufacturing giga factory in Gujarat. In the initial stage of the project, the Ratan Tata-backed group will infuse ₹13,000 crore. The development is part of the country's commitment to create its own electric vehicle supply chain.


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Who Takes Bitcoin As Payment
These payment gateways accept different cryptocurrencies including. Bloomberg: A reputable news outlet One of the biggest and earliest online retailers to begin to accept payment via Bitcoin was Overstock who began to accept Bitcoin payments for their products as early as in 2014. Payment gateway which accepts Bitcoin as a payment also known as Bitcoin payment gateway. This is how to trade paypal for bitcoin achieved through a partnership that the company made with Bitcoin payment processor BitPay Nowadays, you can buy practically anything with Bitcoin, from VPN services to home goods, to pizza, to plane tickets. The announcement by its CEO Dan Schulman saw PayPal’s share price rise who takes bitcoin as payment 5.5 per cent, indicating a pent-up demand for more mainstream acceptance. Badoo: A chat and dating site. Transactions are instantly verifiable and are peer-to-peer without a 3 rd party facilitator.
Bitcoin is infamous for being the payment preference of people offering illegal services. Accept Payments Manually.. This London-based luxury travel agency, which offers a number of highly. List Of Places That Accept Bitcoin As Payment. Below is a list of some of the top online stores accepting Bitcoin as payment for their products. Overstock does not only accept payment via Bitcoin, it also accepts payment via other cryptocurrencies like Ethereum , Litecoin , Dash , Monero and Bitcoin Cash Cryptocurrency payment gateways are borderless payment networks that allow smooth transfer of cryptocurrencies and enables merchants and users to do transactions in bitcoins and altcoins. The value of Bitcoin spiked on Wednesday after PayPal said it would soon start accepting cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, through its bitcoin killer app online payment system. Buy individual pairs or get an annual subscription Of the major US cellular network providers, AT&T is the first one to accept Bitcoin. who takes bitcoin as payment Travel.
With time, the companies across the globe have understood the potential of the cryptocurrency and the benefit the bitcoin payment network would who takes bitcoin as payment provide them. Twitch. 146. Fast — Go live in minutes, not days Free — No fees to accept crypto Convert — Sell your crypto for cash or USD Coin USD Coin & DAI — Accept price-stable cryptocurrency. Pizza Hut.
MtSocks is a store that sells limited edition, creative Bitcoin socks. MtSocks. Cryptomatic. Many banks are still resistant to bitcoin. who takes bitcoin as payment


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Four arrested for allegedly selling salt at higher price
Berhampur: Four persons, including two traders were arrested for allegedly selling salt at higher prices at Aska road in this town at Odisha's Ganjam district.
"We have arrested S.Tejeswara Patra and A.Bima Patra, grocery shop owners and their two workers for selling higher prices of the salt yesterday," said Inspector In-Charge of Bada Bazar police station Anil Kumar Mohanty.
Police said they were allegedly selling salt at double the price, while a large number of buyers made a beeline to purchase the item. They were arrested under the section 420 of IPC, Mohanty said.
District administration has warned that action would be taken against those taking advantage of the rumour about shortage and selling salt at higher rate.
Panic buying of salt was seen in the town since Monday, even though the government said there was no scarcity of salt in the state. People made a beeline at shops in Aska Road here to buy salt fearing the commodity might not be available after three to four days.


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The limited supply of recreational marijuana at the beginning of Illinois’ adult-use market was expected and anticipated. But it has frustrated consumers, who have voiced their displeasure to local dispensaries where operators’ hands are tied by how fast cultivators can grow more product or expand operations.
One idea starting to gain momentum nationwide would help the supply shortage here in Illinois and elsewhere: interstate commerce.
For legal cannabis to move between states, it would either need legislation — bills have been introduced in the U.S. House and Senate — or an official stance from the U.S. Department of Justice to allow states to enter into deals.
– Read the entire article at Quad-City Times.


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The conservative design, introduced by major brands like Rolex, Casino, and others, continues to remain popular amongst wall clock buyers.
TORONTO, ON, January 19, 2024 /24-7PressRelease/ — Best Wall Clock, a leading retailer of handmade designer wall clocks, has revealed in its latest sales figures that traditional, conservative clock designs continue to dominate consumer preferences. Despite the influx of modern and avant-garde styles, the classic designs introduced by major brands like Rolex and Omega remain a steadfast favorite among wall clock buyers.
The report from Best Wall Clock highlights a surprising trend in an era where contemporary aesthetics and smart technology are prevalent. Consumers increasingly gravitate towards timepieces embodying a sense of time-honored tradition and understated elegance. The so-called conservative designs, characterized by their simple yet sophisticated appearance, have stood the test of time, appealing to a wide demographic of buyers.
Readers can learn more about Best Wall Clock by visiting the brand’s official website at https://bestwallclock.com.
“Our sales data clearly shows a sustained interest in traditional clock designs,” said Chris, a spokesperson for Best Wall Clock. “Customers seem to appreciate the classic look that brands like Rolex and Casio offer. These designs bring a sense of nostalgia and reliability that modern aesthetics can’t seem to match.”
The popularity of these conservative designs can be attributed to their versatility and timeless appeal. The designs seamlessly blend with various interior decor styles, from the classic to the contemporary, making them a practical choice for homes and offices. Additionally, these clocks are often associated with high-quality craftsmanship, a highly valued trait by discerning customers.
The report from Best Wall Clock also indicates a growing trend among younger consumers embracing traditional designs. “It’s interesting to see a younger demographic showing interest in conservative clock styles,” added Chris. “It seems to reflect a broader trend in interior design where vintage and classic elements are being revived.”
The sustained interest in conservative clock designs suggests that while innovation and modernization are essential, there is a deep-rooted appreciation for designs that evoke a sense of familiarity and timelessness.
About Best Wall Clock
Best Wall Clock is a premier retailer specializing in various wall clocks. The brand mainly focuses on quality and design. The company offers an extensive collection that caters to various tastes and preferences, ensuring that every customer finds the perfect timepiece to complement their space.
For the original version of this press release, please visit 24-7PressRelease.com here


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As news organizations respond to the economic challenges of the digital era, one such response has been to focus on sales teams that had long been steeped in a legacy culture. Among the papers surveyed for Pew Research’s March 2012 report on “The Search for New Business Models,” more than three-quarters reported working on retraining their sales staffs and changing the way they are compensated.
At the Naples Daily News, publisher Dave Neill and his team have gone considerably further. As part of a broad cultural change at the paper that began almost three years ago, the News overhauled its sales operation with a change in personnel, structure and operating philosophy that included rethinking the basic concept of how sales territories are configured and managed.
The results at the News, which serves a Florida Gulf Coast resort community, stand out in an industry where many dailies continue to suffer from declining ad revenue, particularly on the print side. While total newspaper industry ad revenue, print and online, dropped by more than 7% in 2011 and by about another 6% in the first three quarters of 2012, according to the Newspaper Association of America, revenue at the Daily News grew in 2011 and then was up every quarter in 2012 over the same period a year earlier. When parent company Scripps releases its quarterly financial results, there is often a section singling out the economic performance in Naples.
Much of the credit is given to Neill, an aggressive and innovative leader who says the key to success is “engineering your organization with the intent of dramatically increasing professionalism.”
“He has the faith and the trust of those people that are working for him or with him,” says one of the paper’s ad directors who’d follow his boss “off a cliff.”
Mark Contreras, a former Scripps Co. executive who appointed Neill as Daily News publisher, says he is “as close as a public company can have to having an entrepreneurial figure.”
The Paper and the Market
Some of the success in Naples is related to the area’s newspaper-friendly demographics-an older wealthier population that has helped the Daily News hold on to the print franchise better than most dailies. Collier County, which includes the paper’s home community of North Naples, has a population of about 322,000 according to 2010 census data. While Daily News executives say residents are getting younger, 2010 census data indicate that 27% are 65 or older, 10 points higher than the state average. The median household income is about $57,000 a year, about $10,000 higher than the state average and the median value of an owner-occupied housing unit is $317,000, almost twice the state average.
As a resort spot on Florida’s West Coast, the Naples region sees significant seasonal population shifts that are reflected in newspaper readership. In winter, the paper’s circulation can swell as high as 100,000. In summer, it can dip to one-third of that.
There are those in the news industry who say it is easier for a newspaper to succeed in a wealthy community like Naples. Neill responds that “any media organization needs to be customized for the market, the local community. My feeling is that seventy percent of our success points to the talented staff and thirty percent to the market. The retooling of our advertising is seventy percent of our success.”
The Sales Transformation
Neill is not shy in discussing what he sees as excess timidity in the newspaper industry.
“There is too much fear,” he says. “It seems many in our industry choose to spend much time, energy, and discussion trying to better manage business decline. Our industry has been having a fifteen-year discussion on how to fix itself. We’ve been in the weeds trying to look down a path that can only be seen at 10,000 feet. It’s just my opinion, but I think industry solutions and customization will develop and flourish one market at a time.”
Like Clark Gilbert at the Deseret News, Neill talks about restructuring the paper to compensate for a less robust business model in the wake of a significant economic downturn toward the end of the last decade. “Our business was bigger years ago than it is now,” he says. “We had a larger staff, we had higher revenue…we have redesigned our business to fit the market [and] fit the world.” By 2009, the publisher says, he began to work in earnest on changes in the “structure and culture” at the News.
The re-imagining of the Daily News sales operation involved several major steps-the most fundamental of which was replacing the old sales territories, based on geography, with jurisdictions built around business categories or “business units.” That began by evaluating the Naples market, trying to figure out which business units to create. Part of that process included examining Daily News coverage of the community.
“The news component helped me assemble these business [units],” the publisher explains, adding that by seeing which industries were generating coverage and emerging as key local players, he could figure out “which of these business units are important to the community.”
The goal, he says, was to “operate at a much higher level of sophistication” and to move the sales approach “away from generalist to specialist.” The theory was that sales teams would function more effectively targeting the type of business rather than its location. That meant eliminating the routine in which an account executive had a 9 a.m. “appointment with the liquor store…at ten, they got an appointment with the nail salon, at eleven, they got an appointment with an ambulance chasing attorney and then maybe at three in the afternoon, they are meeting with the CEO of a hospital. Those days are gone.”
By having sales staffers assigned to specific industries “they’re able to share national industry trends, they’re able to share regional trends,” says one sales director. “They’re able to own that vertical, own that business unit and then it’s just proven exponentially successful.”
In late 2009, about one-third of the sales staff was assigned to new category-based business units and the results emerged quickly. “For the units assembled, we did see significant growth,” Neill says. “We saw a trend where business units were outperforming general” advertising sales. Neill and his top sales executives spent months on the evaluation before sharing the plan with the entire sales staff. In November 2012, the entire sales operation converted over to the business unit model.
Today, the roster of business units includes: a health and wellness team; a transportation team; a real estate and finance team; a fashion, beauty and arts team; a home services team that includes everything other than real estate; a food team; an advocacy and education team; and a community publications team. Several other teams handle business development, advertising operations and special sections.
Home services advertising director Kurt Anderson says that before the creation of the business units, “it used to be just a free for all. There was no focus on any particular type of business unit [just] trying to stick to a geography and with no real focus on what they were going after, with the exception of this is my home [territory] here, I can go here and I can try to find some business.”
In creating the units, the Daily News tried to combine businesses that shared economic connections. For example, the transportation unit not only includes cars, but boats and marine transportation businesses as well as the ancillary businesses connected with automotive, such as detail shops, car washes and tire centers. The real estate unit was broadened not only to include the sale of property, but other businesses intertwined with that, such as banking and finance.
With the units in place, the sale staff needed to be re-organized. The Daily News has a sales staff that numbers 106, with about half working in direct sales and half in support services. While that is still a large staff, it is about 20% smaller than it was five years ago, when cost cutting kicked in. At one point, the paper operated with separate digital and print sales personnel, but has now switched to a system in which “everyone can sell everything,” although there are still digital experts who function as “closers.”
The sales restructuring remains a work in progress. Late in 2012, the paper embarked on a four-month evaluation of the business units that led to significant changes in both the sales units and the staff assignments. Home services, for example, was separated from the broader real estate category and additional resources went towards the growing health and wellness sector. According to Neill, about 33% of the sales staff was reassigned to different units as a result of this process.
The creation of the sales business units was also accompanied by a revamping of the sales management team with each unit headed by an “ad director.” (There had been what Neill calls a “major retooling of the entire sales management team” even before the transformation, the result being that only two of the top managers who were at the paper five years ago are still in a management role today.)
The goal was to change the operating culture, to break up old lines of authority and to filter substantially more decision making power down to the units, the directors and account executives.
While the current group of business unit directors (some of whom have work experience in the areas they oversee) report directly to Neill and meet with him every Thursday, they also have a good amount of autonomy and meet among themselves every Monday.
“What was here previously was a traditional environment,” says Neill. “People had their marching orders and they had the rate cards…and they went to market and said ‘here are the rates, advertise with us.’ I want to have a creative environment and part of that was empowering the account executive to make decisions in the marketplace…Right now they can negotiate a deal with the customer. In the past they weren’t allowed to do that without approval from three or four people.”
In the publisher’s parlance, the sales directors “own” their units. At the same time, though, the directors work together as a team. “[We] all have our own forte,” says one sales director. “Some of us are better at day-to-day tasks…one might have a specialty with online sales, but the biggest thing that we have in common is that we communicate to each other on a regular basis…Sometimes, collectively, we sit down together. We don’t have to come upstairs, take a half an hour out of Dave’s day and say ‘what do you think?’ You figure it out, get it done, hold yourselves accountable for the decision you make.”
That decentralization of authority has many manifestations. For a few years, the paper’s biggest advertiser used to negotiate its annual contract directly with the publisher, something Neill characterizes as a “year-long battle.” Now, that deal is cut directly with the ad director and Neill never has to pick up the telephone.
The Ad Club
As a sales incentive, the News created the Ad Club about three years ago. The highlight of belonging to the Ad Club is a quarterly awards ceremony for high performing sales staffers. Initially, membership was open to those who made 75% of their sales goal, but that bar has now been raised to 100%. Club members attend a catered party at a downtown spot and are honored with a trophy.
Neill insists the idea is a major motivator, even if the trophy is “cheap…The trophy, itself, costs like seven dollars. [But] it means a lot, it means a great deal for these people that earn it. They’re formally invited to a party, they’re recognized, they get this seven dollar trophy and they love it. ”
“You have the competitiveness or pride in being a member of this club, and by the way, it’s very cutthroat,” he adds. “You don’t make your numbers, you’re not there. So, your peers are walking out the door to an after-hours party while you’re sitting here, right?…If you were to walk through advertising right now, there are some that have all of their trophies lined up on their desk.”
Signs of Success in Naples
Neill does not divulge detailed revenue information, but it is possible to get an overall picture of the financial health of the Daily News. The publisher says revenue has grown in both 2011 and 2012. For 2012, growth occurred in all four quarters compared with the previous year. Data from Scripps support signs of growth, showing revenue at the paper for the first quarter of 2012 up about 10% from the same period a year earlier.
While Neill does not provide a specific breakdown of print versus digital revenue at the paper, it is clear that in Naples print is quite healthy and brings in the overwhelming majority of income. Given widely vacillating numbers depending on the time of year, the paper has maintained or increased its circulation. In the most recent report for the six months ending in September 2012, average daily circulation (34,000) for just the print product without the digital editions was virtually identical to that for the same period in 2011. In the six months that ended in March 2012, however, average daily print circulation was about 54,000, up 20% from the same time a year earlier (45,000).
“Digital and print circulation growth is our top priority,” Neill says.
There is also some evidence that the new ad unit structure is working. For one thing, Neill says that the new units have effectively captured much of the paper’s advertising income, with only about 20% of ad revenue now coming from outside those business categories. He also says the overall number of advertisers or “business count” has increased in both 2011 and 2012.
One specific area where Neill has seen improvement is the twice-yearly sales “blitzes”-one in late fall, the other in the summer-when reps approach new businesses or businesses that haven’t advertised and try to sign them up for a digital/print package slated for a specific date on the calendar. The lead ad manager on the blitz is director of business development Shawna Devlin and the publisher says that since the restructuring “we’ve refined [the blitz campaigns] and we’re very focused and we’re more organized. We have added an element of creativity and energy to this staff that didn’t exist before.”
Asked to estimate how much additional ad revenue the paper has generated as a result of the restructuring of the sales operation, Neill says “we’ve improved our business by at least ten percent,” which is enough to account for much of the revenue growth in the past two years.
Challenges to Sales and Culture Change in Naples
One thing the restructuring at the Daily News did not involve was significant new funding. “It was simply reorganization,” says Neill.
But it did lead to what the publisher calls “a moderate amount of turnover” among the sales staff. “We were upgrading. We were looking for talent and talent was coming to us. We were raising the bar and there were people on staff who weren’t interested in taking this ride.”
It also initially ruffled feathers among some advertisers who were concerned about losing an account executive with whom they had forged a relationship. “There were questions from some of the businesses who called me a directly and said ‘why the hell are you doing it?'” the publisher recalls.
And while his ad directors speak glowingly about empowerment and the decentralized lines of authority, it was not an easy concept to sell.
“It was hard at the beginning,” Neill says. “It took time [for] people to even envision an environment like that. You’re basically forcing people to start operating in a mode of decision making. That was a difficult transition [but] we’ve gotten really good at it here. Some people kind of misread that as us going off the reservation. But it’s not.”
Neill says he received much support from Scripps corporate headquarters about his reorganization plan, although “there were a lot of questions.” In talking with people in Naples, it is clear that Neill is widely admired by his staff, in part for his ability to “manage up,” which can allow for flexibility for the local market.
“I don’t know that he wins every fight,” says executive director of circulation Tom Heck, who gives “Dave almost all the credit for what I’ve seen since I’m here…Working here gives you a lot of flexibility to be able to say ‘we’re going to do what’s best for the business,’ even though, in the short term, it may not be from a profitability point of view.”
The effort to implement a cultural change that emphasizes “professionalism and customer service,” is not limited to the sales side. One of those changes has meant an enlarged role for the circulation department, which is more involved in cross-departmental communication with advertising and editorial operations. Heck and circulation sales director Jorge Velasquez recall, not so fondly, the days when they had to punch in a code at the doorway to gain access to the newsroom.
“Circulation was something that happened at night and they were in this dark corner of the building and nobody really knew what was going on back there or who was running it,” Neill says.
On the editorial side, Neill believes the newsroom is now progressing on the transformation of the paper’s digital and print platforms.
As part of the effort to put the paper in the middle of a community conversation about the issues facing Naples, the News launched its Lighthouse Project in April 2012 with a 112-page special report that examined the history of the community from the earliest settlers to modern day residents. Managing editor Jeffrey Bruce says that half the newsroom was deployed for that effort, which was designed to “recapture the news agenda.”
“The Lighthouse Project was one where I wanted us to clearly take a leadership role in the community,” the publisher says, adding that “our plan is to better integrate this with our editorial content,” so that going forward, more stories will be published under the Lighthouse brand.
Lessons from Naples
A Detroit native, Neill exudes an energy and confidence that can be infectious. His former Scripps boss, Mark Contreras, calls him “one of the industry’s most inspirational leaders.”
Some of the key lessons from the Naples experience are related to the publisher’s leadership philosophy.
- Operate in a culture of risk-taking. Neill says that in selling the reorganization to his sales staff, the risk of not trying something different outweighed concerns about whether the new plan might work. Given the current economic realities, the publisher sees taking risks as a pre-requisite for success. “We are afraid,” he says, referring to the industry. “We need to be fearless.”
- Create an environment of greater “professionalism.” One of the ideas in restructuring the sales units, was to, in effect, upgrade the status of account executives so they were not just selling, but becoming experts in various sectors of the local economy. “What I want to do is to… help develop the staff [so] that when they wake up in the morning and report to the office, they are part of a professional environment, working as professionals in their business units,” Neill explains.
- Fundamentally rethink the structure of the sales department. In Pew Research’s March 2012 report on the search for new revenue models, the idea of revamping aspects of the sales operation-from training to compensation-was popular with a strong majority of the papers that responded. In Naples, they have gone further, rethinking the basic concept of sales territories and restructuring sales management around these new business units.
- Decentralize decision-making power. Ad directors and account executives now have far greater authority to negotiate on their own and the bureaucracy is more streamlined. It’s not easy, according to one ad director. “It takes an incredible amount of courage and trust from the head of your business,” he says. “So if someone is trying to replicate this and they don’t have the courage and the trust to pass that along, it’s not going to [happen.]”
- Print is not dead. In Naples, according to one observer, the moral of the story is “don’t give up on print.” The publisher is bullish, saying “we are going to reinvent print” and envisioning a future where the print product could be customized for the individual consumer. At many dailies, that may seem overly optimistic. But the lesson from Naples is that in communities where conditions are favorable, a substantial bet on print can still pay off.
If the Daily News publisher has gotten the reputation as someone who does things differently than some other properties within Scripps, he is quick to define the limits of his flexibility from corporate headquarters. “We receive regular corporate guidance and support, and don’t step outside these initiatives or expectations. We don’t do whatever we want…[but] I feel like we as a team, have confidence and produce great results in operating the way we do. ”
He offers one reason for that confidence and the freedom it allows him: “Results.”


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Alegre, who has served as operating chief at the videogame publisher since April 2020, will succeed Nicole Muniz as Yuga's CEO in the first half of 2023. Muniz will stay on as a partner and strategic advisor to Yuga.
Yuga's announcement comes days after the Biden administration sued to block tech giant Microsoft's $69 billion takeover of Activision.
"Since exploding onto the scene with Bored Ape Yacht Club in 2021, Yuga Labs has quickly made a name for itself through a powerful combination of storytelling and community-building," Alegre said.
The startup said in March it was valued at $4 billion after a $450 million funding round led by a16z crypto, Andreessen Horowitz's crypto fund.
An NFT or a non-fungible token is a digital asset that uses blockchain technology to record who owns a digital object such as an image, video or in-game item. Bored Ape NFTs are often used as profile pictures on social media.
(Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber and Krishna Chandra Eluri)


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CTP has concluded around 260,000 sqm in new lease deals in Q1 2016, taking total lettable area within the CTPark Network to 3.5 million sqm across 7 CEE markets.
Over 50 percent of the volume of the transactions, 151,000 sqm, was concluded in CTPs core market, the Czech Republic. Key activity included the 30,000 sqm customization of an existing building signed with German retail chain, Lidl, in CTPark Plzen. Elsewhere, PPG leased 6,000 sqm in CTPark Modrice, Autoneum signed an 8,000 sqm extension in CTPark Bor, and a confidential client has agreed to take 22,000 sqm in CTPark As.
“Take-up in our core market remains strong, and we have seen an increase in requirements from companies from the automotive, electronics and e-commerce sectors. Occupancy stands at over 90 percent, and we are constructing to meet the growing demand,” commented Jaroslav Kaizr, CTP’s Business Director.
Leasing activity in Romania also picked up during the first quarter. In total, more than 60,000 sqm of new deals were signed in the market. The 15,000 sqm lease agreed with OTZ was one of the largest in the country during Q1, with Laboratoarele Fares Bio Vital taking an additional 3,000 sqm in CTPark Deva.
“We are registering high demand across Romania, driven mainly by 3PL’s and the manufacturing sector,” said Marian Orzu, Head of Business Development and Leasing Romania,.
In Slovakia, 19,000 sqm was signed during the period, with 10,000 sqm going to Lear Corporation in CTPark Voderady and approximately 3,000 sqm to Faurecia in CTPark Zilina.
“With the acquisition of CTPark Nitra and CTPark Trnava in Q4 of last year, CTP is ideally positioned to support the growth of the manufacturing and automotive sectors in Slovakia, driven by the announcement of the new Jaguar-Land Rover facility,” said Tomas Budar, Regional Director
In a positive step for CTP, 30,000 sqm of lease deals were transacted in Hungary during the first few months of our operations in this new market, the majority of which, 27,000 sqm, was taken by a confidential client in CTPark Tatabanya.
“We are experiencing a gradual increase in demand for new space in Hungary, which signals that the Hungarian economy is reviving. Companies are growing in confidence and looking for expansion, and this is what we are currently taking advantage of,” commented Csaba Hegedus, Asset Manager Hungary.


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Austro Engine have announced that tests have been successfully carried out on the new AE80R rotary engine. The vibration-free engine has a final target weight of 27 kg and an output of 80 hp (58 kw).
Compared to the AE50R (55 PS Austro Engine rotary engine) the new engine has no loss lubrication system anymore which results in an extremely low oil consumption. A dual FADEC (Full Authority Digital Engine Control) controlled fuel injection system will keep fuel consumption on the lowest possible level. The engine is designed to power small manned or unmanned aircraft.
According to Christian Dries, Chairman and Owner Diamond Aircraft, the AE80R has the potential to become one of the leaders in the extremely weight sensitive market of LSA (Light Sport Aircraft) and ultra-light aircraft. “The engine has no vibration and therefore it is ideal to power UAVs (Unmanned Aerial Vehicles) with highly sensitive equipment” he added.


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January 13, 2022 – London, England
Solrise is proud to announce the expansion of its team through hiring Joseph Edwards who will join as head of financial strategy. The former head of research of crypto brokerage firm Enigma Securities will help Solrise grow and expand its ecosystem of products and services.
Solrise continues to push the boundaries of decentralized finance products and solutions on the Solana blockchain. The project is off to a strong start through its various products, including Solrise Finance and the ecosystem of permissioned protocols accessible through Solrise Pulse.
To enhance the appeal of these products, Solrise has


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“Essity is now in better shape than ever. Following the divestment of Vinda the categories with the highest margins and lowest capital intensity account for a larger part of the company. The company’s pulp consumption has halved, and we have a more attractive portfolio with higher profitability and lower volatility. The transaction reduced Consumer Tissue’s share of net sales in 2023 from 41 per cent to 33 per cent. We look forward to continuing to grow a portfolio of more value-generating categories,” said Magnus Groth, president and CEO for Essity.
Essity’s ownership of 51.59 per cent in Vinda had been consolidated to 100 per cent by Essity since 2014. As of the fourth quarter of 2023, Essity has classified Vinda’s financial reporting as discontinued operations. Vinda is listed on the Hong Kong Stock Exchange and had a market capitalisation of approximately HKD 25bn ($3.20 bn) at the end of trading on December 14, 2023. 83 per cent of Vinda’s net sales were related to tissue and 17 per cent to personal care products, the company said in a press release.
Essity has several legal opinions confirming that the divestment of the shares in Vinda does not constitute a ‘cessation of business’ under Essity's EMTN programme. These opinions considered several qualitative and quantitative factors, such as the continued business with Vinda under licenses, etc. However, already the fact that Essity only owns 51.59 per cent of the shares and sales account for 8.5 per cent of Essity’s total sales, means that the divestment of the shares does not qualify as ‘cessation of business’.
Fibre2Fashion News Desk (RR)


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Chinese government. Typically signalprofits.com needed the hits like a soldier, but the combos have taken the toll in quite a few cryptocurrency investors. The market lackluster performance in 2018 batons in comparison to their stellar thousand-percent gains throughout 2017.
Precisely what has occurred?
Since 2013, the Chinese language government took measures to regulate cryptocurrency, but nothing compared to what was enforced around 2017. (Check outside this article for a good detailed analysis from the formal notice issued from the China government)
2017 was obviously a the flag year for the cryptocurrency market with all this attention together with growth the idea has attained. The extreme price tag movements forced this Core bank to adopt even more extreme measures, including typically the ban of initial endroit solutions (ICOs) and clampdowns about domestic cryptocurrency deals. Rapidly after, mining plants throughout China were enforced to shut down down, citing extreme electricity consumption. Quite a few exchanges together with factories currently have relocated offshore to prevent regulations but always been obtainable to Chinese investors. Nevertheless, they still neglect to escape the claws from the Chinese language Dragon.
In the hottest series of government-led work to and ban cryptocurrency stock trading among Chinese option traders, China extended its “Eagle Eye” to monitor overseas cryptocurrency deals. Companies and even bank accounts supposed involving carrying out transactions with foreign crypto-exchanges and connected activities are subjected to help methods from limiting disengagement boundaries to freezing of trading accounts. There have still been recently ongoing rumors amid the Offshore community of more extreme measures to help be enforced with unusual platforms that let dealing among Chinese shareholders.
“As for whether there will be added regulatory measures, i will have got to wait for requests from the higher authorities. inch Excerpts from an appointment with workforce leader involving the China’s Public Information Circle Safety Supervision organization within the Ministry of General public Stability, 28th February
EXACTLY WHY SO WHY WHY!?
Imagine your own youngster investing his or even her price savings to invest in a digital product or service (in this case, cryptocurrency) that he or the girl has no way of ok its reliability and value. He or she could easily get lucky and strike this rich, or lose all this when the crypto-bubble break open. Right now scale that to an incredible number of Chinese citizens in addition to we can be talking concerning billions of Chinese Yuan.
The market is entire of scams in addition to pointless ICOs. (I’m sure you have got heard news of persons transmitting coins to accidental contact information with the assurance of duplicity their purchases and ICOs that easily don’t make sense). A lot of unsavvy traders are in it for the money and would care a lesser amount of regarding the technology and development behind it. The value involving many cryptocurrencies comes from market speculation. During the crypto-boom in 2017, participate in any ICO with either a famous advisor note of, a good team as well as a good decent nonsense and anyone are guaranteed on very least 3X your opportunities.
An absence of understanding of the organization as well as technology behind that, with the spreading of ICOs, will be a new recipe to get problem. Users of this Central lender reports of which almost ?? of the ICOs are bogus or maybe involves illegal fund-collecting. Inside of my viewpoint, the Far east government wants to ensure that cryptocurrency remains ‘controllable’ and not necessarily too large to be unsuccessful in the Oriental community. China is taking right steps towards some sort of safer, more regulated cryptocurrency world, albeit aggressive and even controversial. In fact, that can be the best maneuver the country has taken found in decades.
Will China matter an ultimatum and make cryptocurrency unlawful? I remarkably uncertainty so since it can be quite pointless to do thus. Currently, finance institutions are restricted from holding any crypto assets whilst individuals will be allowed to yet will be barred from carrying away any forms of buying and selling.
A new State-run Cryptocurrency Trade?
In the annual “Two Sessions” (Named because two important parties- National People’s Our elected representatives (NPC) and the State Committee from the Chinese Individuals Personal Consultative Conference (CPCC) each get involved in the forum�?held on the first week regarding March, frontrunners gather to be able to discuss about the recent troubles and make essential law amendments.
Wang Pengjie, a member of typically the NPCC dabbled in to the prospects of a state-run online resource trading platform while well as start educative projects on blockchain and even cryptocurrency in China and taiwan. Even so, the proposed platform would certainly need a verified consideration to allow trading.
“With the establishment of related regulations and the co-operation with the People’s Bank associated with Cina (PBoC) and China and taiwan Securities Regulatory Commission(CSRC), some sort of regulated and efficient cryptocurrency exchange platform would serve as an official way intended for companies to raise resources (through ICOs) and traders to hold their electronic digital investments and gain investment appreciation” Excerpts of Wang Pengjie presentation in the Two Classes.
The Mar towards a new Blockchain Region
Governments together with central loan providers worldwide have battled to help grapple with the boosting popularity of cryptocurrencies; yet a very important factor is sure, almost all have taken up blockchain.
In spite of the cryptocurrency crackdown, blockchain has recently been gaining interest and ownership in various levels. The Chinese government own already been supporting blockchain endeavours and embracing the engineering. In fact, the People’s Loan company of China (PBoC) are already working on some sort of digital foreign money and now have conducted mock purchases having some of the state’s commercial banks. It is definitely still unconfirmed if typically the digital currency is going to be decentralized and offer features connected with cryptocurrency like anonymity and immutability. It wouldn’t arrive as a surprise if this turns out to turn out to be just the online Chinese Yuan given that anonymity is the last point that The far east wants throughout their land. Nonetheless made as a new close replacement of the Chinese Yuan, the electronic digital currency is going to be subjected to existing budgetary guidelines and laws.
Individuals Lender of China Texas chief, Zhou Xiaochuan. Source: CNBC
“Lots of cryptocurrencies have seen explosive growth which in turn can deliver significant disadvantage impact on people in addition to retail investors. We avoid like (cryptocurrency) products which make use of the massive opportunity for supposition that will gives people the optical illusion of getting rich overnight” Excerpts from Zhou Xiaochuan interview on Friday, 9th Strut.
On a press appearance in Friday, 9th March, Governor of People’s Bank connected with China, Zhou Xiaochuan criticized cryptocurrency projects that leveraged on the crypto-boom to cash in in addition to fuel market conjecture. He also noted that will enhancement of the digital forex is ‘technologically inevitable’
Over a regional level, many China cities have are driving a car blockchain initiatives to showcase advancement in their region. Hangzhou, renown for getting the headquarters involving Alibaba, have stated blockchain technology to be one of the city’s top goals in 2018. The community government in Chengdu city have in addition already been proposed the building of a good incubation center to advance this adoption of blockchain technologies in the city’s financial services.
Native conglomerates such Tencent plus Alibaba have as well made partnership with blockchain groups or even initiated projects by themselves. Blockchain firms such as VeChain have also secured several relationships with Chinese organizations to enhance supply chain openness within China.
All signs point to the fact that will China is working to a blockchain nation. The far east has generally had a new wide open mindset to developing systems such as portable payment and Artificial Intelligence. Henceforth, that is without a doubt that The far east would be the first blockchain-enabled state. Will we see this Chinese government backing lower and let it is citizens trade again? Most likely, any time the market has grown up and is less erratic although definitely not inside 2018.


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CBS Super Bowl streaming experiences glitches
CBS’ plan to deliver Super Bowl 50 to cord-cutters ran into a fumbling start Sunday evening when streaming stalled as the game was set to start, triggering an instant, frantic reaction on Twitter.
Underscoring the technical difficulties of streaming a live sporting event to millions of viewers, CBS’ stream went dead for many as the national anthem was sung.
The stream resumed for many a few minutes later, though some viewers wrote on Twitter that the interruption on the CBS app on some streaming devices lingered throughout the first quarter.
"We're seeing record traffic," CBS said in a statement.


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The Hennepin County Board on Tuesday raised the tobacco sales age from 18 to 21 at Minneapolis-St. Paul International Airport and four cities where the county regulates retail licenses.
The board also approved two other changes to the county’s tobacco ordinance, prohibiting the sale of cigars under $3 and banning the sale of flavored tobacco products outside of adult-only tobacco stores. Commissioners decided against a fourth measure, raising the minimum age of tobacco sellers from 16 to 18.
The county is authorized by state law to regulate tobacco sales, but only for those jurisdictions that don’t regulate themselves — in this case Greenfield, Mound, Rockford and St. Bonifacius, as well as the airport. Hennepin County joins nearly 500 jurisdictions across the U.S. that have raised the tobacco sales age to 21.
Officials with the Metropolitan Airports Commission, which runs the airport, said in a statement that the agency has been monitoring the county’s discussion of the tobacco ordinance. While retailers who sell tobacco products in the terminal buildings hadn’t expressed concern about the ordinance, convenience stores on the airport campus are worried about lost sales opportunities, according to Melissa Scovronski, manager of corporate communications for MAC.
Such stores, she said, say that they are at a disadvantage with other nearby convenience stores subject to less restrictive ordinances.
Commissioner Jan Callison said she doesn’t believe the ordinance change will have a catastrophic effect on businesses. She said the board acted to prioritize the health of young people and that it was “the right thing to do.”
Commissioner Jeff Johnson, the board’s only dissenting vote, said government shouldn’t be setting prices for cigars and that the new rules will have a devastating financial effect on businesses.
“This has little to do about protecting the kids. It’s government telling people how to run their lives,” he said. “I can’t be a part of that.”
More than 6,300 people die from tobacco each year in Minnesota. One in seven Hennepin County deaths is tobacco-related, costing the county $585 million each year, said Susan Palchick, the county’s Public Health Director. She said that 19% of 11th-graders in the suburbs use tobacco.
About a dozen people from Minnesotans for a Smoke Free Generation attended Tuesday’s meeting. Emily Anderson, who spoke on behalf of the youth smoking-prevention coalition, said the potential health benefits far outweigh any money loss for business owners. She said she hoped legislators soon will follow Hennepin County’s example.
Bruce Nustad, president of the Minnesota Retailers Association, said he was disappointed by the board’s decision to over-regulate, as he put it. He said he would encourage cities to adopt their own licensing rules, such as Rogers recently did to avoid having to comply with the county’s ordinance.
“Empirical data shows city-by-city patchwork regulations do not work,” he said. “In fact, after Duluth enacted a similar ban on menthol, mint and wintergreen products, neighboring cities saw a 150 percent increase in sales in these products.”


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Hero MotoCorp is also looking at collaborating with Ather Energy in a variety of areas, including charging infrastructure, technology, and sourcing, according to the company.
Hero MotoCorp, India’s largest two-wheeler manufacturer, made a new investment of up to INR 420 crore in Bengaluru-based electric scooter startup Ather Energy on Friday.
“The investment has been approved by the company’s board of directors in one or more tranches. Hero MotoCorp owned 34.8 percent of Ather Energy before the proposed investment (on a fully diluted basis). Following the investment, Ather’s shareholding will increase, with the exact proportion established after the capital raise round is completed “In a statement, the business added.
“The company is also exploring collaborations with Ather Energy in various spheres, such as charging infrastructure, technology, and sourcing,” it added.
Since 2016, when it first invested as part of Series B funding, Hero MotoCorp has been a part of Ather’s growth story, with a 31.27 percent stake in the EV firm.
The two-wheeler manufacturer increased its stake in Ather Energy to 34.58 percent in July 2020, after investing INR 84 crore (USW million) in the business.
Hero MotoCorp’s Head of Emerging Mobility Business Unit, Swadesh Srivastava, said the business is working on several emerging mobility solutions.
“We were one of the early investors in Ather Energy and have continued to expand our association over the years. We are excited to see the growth of Ather Energy in recent years. We aim to expand the Hero MotoCorp brand promise and make EV ownership a convenient, hassle-free, and rewarding experience for customers across the world,” he said.
In March of this year, Hero MotoCorp will debut its first electric vehicle (EV). The vehicle is being developed at the company’s R&D center in Jaipur and the Tech Center Germany (TGG) near Munich and will be manufactured at the company’s production facility in Chittoor, Andhra Pradesh.
The two-wheeler manufacturer has also partnered with Gogoro Inc of Taiwan to create Hero-branded two-wheelers that will be available in several Indian cities and will be powered by Gogoro’s battery sharing infrastructure.


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Eni updates its pandemic strategy
Eni has updated its short and medium term strategy, and put in place a new Shareholder’s remuneration policy to face the effects of the pandemic on the energy sector, in terms of market volatility and the significant reduction in commodity prices.
Cost and Capex reduction plan enhanced
Eni made an initial review in March and April of the activities planned for 2020 and 2021, identifying the actions that will allow the Company to keep Capex and costs down, while retaining the highest safety standards.
The revision of the activities has subsequently continued identifying even more incisive measures for reducing costs. In particular, optimization actions on investments and costs equal to 2.6 billion euros and 1.4 billion euros respectively have been identified for 2020, with a further 300 million reduction in investments and 800 million reduction in costs compared to previous guidance. Actions to reduce costs for an amount of 1.4 billion euros and investments for an amount of 2.4 billion euros have been identified for 2021, amounting to 3.8 billion euros, an increase compared to 2.5-3.0 billion euros of only investments reduction previously announced.
25%-30% of cost reduction identified for 2020 and 2021 will be structural.
The revision of 2020 and 2021 activities is aimed at maintaining a robust capital structure in the presence of a depressed and unstable price scenario and encompasses the rescheduling of some activities included in the Plan approved in February by the Board of Directors.
Oil & gas production is expected to reach around 2 million barrels of oil equivalent per day in 2023, rising to peak of around 2.05-2.10 million barrels of oil equivalent per day in 2025.
All the other 2023 targets related to the energy transition businesses are confirmed. In particular, the installed power capacity generated from renewables is expected to reach 3 GW, and gas & power retail customers are expected to reach 10.5 million.
Overall investments in the four-year period 2020-2023 now amount to 27 billion euros, with a 4.7 billion euros decrease compared to the Plan originally approved and due to the measures put in place in the Upstream business in 2020-2021 period. Additional investments of 800 million euros in 2022 and 2023 have been allocated to the businesses involved in the energy transition, in particular bio-refining, renewables and the retail customer segment. An improvement of growth targets related to these businesses will result from the higher investments and will be announced by the next Strategy presentation.
Following the revisions, “green” investments will be 17% of the overall four-year period Capex (12% in the Plan previously approved), reaching 26% of the overall investments in 2023.
Eni on 4 June created two business groups. The Natural Resources business group will enhance the upstream oil&gas portfolio in a sustainable manner, focusing also on energy efficiency activities and carbon capture projects. The Energy Evolution business group will focus its activities on the evolution of the generation, transformation and retail and marketing businesses from fossil to bio, blue and green products. The new organizational structure is a fundamental step towards the implementation of Eni’s 2050 strategy, which combines value creation, businesses sustainability and economic and financial robustness.
Eni on 6 July adopted a new scenario with a 60$/b Brent price in real terms in 2023, compared to the previous assumption of 70$/b. In 2020, 2021 and 2022 the Brent price is expected to be 40$, 48$ and 55$/b respectively (previously 45$, 55$ and 70$).
The new Shareholders’ Remuneration policy
Eni has reviewed its shareholders’ remuneration policy in order to give them maximum visibility on dividends payments and future buy back plan, as a result of a changed, highly volatile scenario and the actions undertaken to face its effects.
The new remuneration policy shall apply in the case of annual Brent prices equal to, or higher than 45$/barrel and includes:
an annual dividend composed of a floor amount currently set at 0.36 euros per share when the annual Brent scenario is at least 45 $/barrel, and a growing variable component which will increase when the Brent price grows above $45 upto $60;
a €400 million buy back plan which will be put in place in the case of a Brent price between 61$/barrel amd 65$/barrel, and a €800 million buy back plan which will be activated in the case of a Brent price higher than 65$/barrel.
Report by: OGP/Segun Cole , Please email us your industry related news for publication info@OilAndGasPress.com
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Most News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. OilAndGasPress welcomes all viewpoints. Should you wish to provide a different perspective on the above article, please email us info@OilAndGasPress.com
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases


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The chief financial officers of Wesfarmers and Telstra have hit back at critisicm of supply chain financing, which they say is allowing their smaller suppliers to get paid sooner at lower financing costs than they would typically be able to access.
Supply chain financing, or "reverse factoring", has become an increasingly controversial topic amid claims large companies are delaying payments to suppliers, forcing them to enter into arrangements with third-party financiers.
Wesfarmers' chief financial officer, Anthony Gianotti, said it used third-party financiers to effectively allow smaller suppliers to benefit from the strong credit rating of Wesfarmers to get paid within a week.
"In our case, anyone who's wanting to take supply chain financing can do so within five days and access those funds," he said.
Mr Gianotti said suppliers were paid on standard terms of between 30 and 90 days depending on the industry and the size of the supplier.
"We are an 'A' rated institution, which means that the cost of funding is very low and they get the benefit of that. Most of our suppliers are not rated, and would have much higher cost of funds," he said.
Telstra CFO Vicky Brady said there was "misinformation" around its use of supply chain financing and reverse factoring. but she did confirm that Telstra had changed its terms with suppliers.
"Managing working capital matters. We benchmarked on our payables versus Australian companies and our peers and there was lots of room to manage our working capital," she said.
"We did extend our payments but we did exclude small business, which we committed to."
Ms Brady said suppliers of Telstra had a choice which they made on an "informed basis" and that they benefited from the 'A' credit rating of the telecommunications firm.
Mr Gianotti said Wesfarmers did not charge a fee and said there were no issues from a disclosure point of view.
"The only difference is instead of paying the supplier, we're paying the funder, and it's the same amount and it's the same terms it would have with the supplier."
Meanwhile, Finance Minister Matthias Cormann side-stepped the issue of reverse factoring, which has been contentious recently.
"I think everyone should pay their bills on time and as they fall due," Mr Cormann said.
"Obviously contractual arrangements are a matter between the two parties … I would urge everyone to comply with their payment obligations within the time frames in the agreement."
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Last Update on August 20, 2014 17:13 GMT
SAN FRANCISCO (AP) -- Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
The milestone represents a dramatic turnaround in sentiment since Apple's shares reached its previous split-adjusted peak of $100.72 in September 2012. The shares peaked at $100.77 Wednesday morning, giving it a market value of roughly $600 billion -- more than any other publicly held company.
Apple's stock fell to a split-adjusted $55.01 in April 2013 to wipe out about $300 billion in shareholder wealth amid worries that the Cupertino, California, company had run out of ideas without Jobs as its mastermind.
Those concerns have faded amid high hopes for an iPhone with a bigger screen.
NEW YORK (AP) -- Target has slashed its annual profit outlook as the retailer continues to reel from a massive data breach, a disappointing expansion in Canada and sluggish sales in the U.S.
The nation's third-largest retailer also said Wednesday that its second-quarter earnings dropped 61.7 percent.
The Minneapolis-based company says it earned $234 million, or 37 cents per share, in the quarter that ended Aug. 2, compared with earnings of $611 million, or 95 cents per share, a year earlier.
Revenue rose 1.7 percent to $17.4 billion, slightly above the $17.38 billion estimate from FactSet.
Excluding expenses related to the breach, the company earned 78 cents per share, which was in line with Target's reduced estimate issued earlier in the month.
Analysts had expected 79 cents per share, according to FactSet.
MOORESVILLE, N.C. (AP) -- Lowe's second-quarter net income increased 10 percent, bolstered by improving weather.
The home improvement company's performance beat analysts' expectations, but the Mooresville, North Carolina, company lowered its full-year revenue outlook slightly, citing its year-to-date sales and prior assumptions for the second half.
Lowe's Cos. earned $1.04 billion, or $1.04 per share, for the three months ended Aug. 1. A year earlier it earned $941 million, or 88 cents per share.
Analysts expected $1.02 per share.
Revenue rose 6 percent to $16.6 billion from $15.71 billion, topping Wall Street's $16.57 billion forecast.
Sales at stores open at least a year, a key indicator of a retailer's health, climbed 4.4 percent.
Lowe's now anticipates full-year revenue rising about 4.5 percent. Its prior outlook was for an approximately 5 percent increase.
BARNES & NOBLE-SAMSUNG
B&N and Samsung introduce co-branded tablet
NEW YORK (AP) -- Barnes & Noble and Samsung on Wednesday unveiled a new co-branded tablet called the Samsung Galaxy Tab 4 Nook that will replace B&N's own Nook tablets.
The 7-inch tablet will sell for $179 after a $20 instant rebate, the same entry price of the non-branded Samsung Galaxy Tab 4.
The move had been expected, since Barnes & Noble said in June it would team up with Samsung to develop Nook tablets that would be available in August.
For the first time, the Nook will have a front- and rear-facing camera. It comes with more than $200 in content from the Nook Store, including books, TV shows and magazines. However, apps are limited to Nook apps rather than the full suite of Android apps available on Google Play.
OMAHA, Neb. (AP) -- Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp.
The Federal Trade Commission said Wednesday that Berkshire Hathaway Inc. should have notified the Justice Department before it converted $325 million of senior USG notes it held into 21.4 million shares of the company.
Because Berkshire was already a significant USG shareholder, antitrust laws required it to notify regulators because of the size of the deal.
Regulators say Berkshire made a similar mistake six months earlier when it acquired securities in Symetra Financial Corp.
Berkshire officials did not immediately respond to questions about the settlement Wednesday.
Besides investments, Berkshire owns more than 80 subsidiaries in a variety of industries, including insurance, utilities, railroads, retail and manufacturing.
BUCKLAND, Mass. (AP) -- The nation's oldest cutlery manufacturer has filed for bankruptcy after 177 years of making knives and other kitchen tools.
The Recorder of Greenfield reports that Lamson & Goodnow Manufacturing Co. of Shelburne Falls, Massachusetts, filed for Chapter 11 bankruptcy earlier this month, which protects the company from creditors as it reorganizes.
The business has also put its 18-acre factory complex up for sale.
According to federal bankruptcy court in Springfield, the company filed for bankruptcy protection as a result of two multimillion dollar loans it could not repay. The company owes $1 million on a U.S. Small Business Administration loan and more than $2 million to the small business corporation in New York.
Founded in 1837, the company has been owned by James Ross Anderson since 1998.
HOUSE GOP-BUSINESS GROUP
WASHINGTON (AP) -- The U.S. Chamber of Commerce is stepping in to help an establishment-preferred Republican in a bruising three-way Arizona primary in one of the most competitive House districts in the country.
The powerful business group is putting hundreds of thousands of dollars behind a television ad for state House Speaker Andy Tobin, who has struggled to raise money. His two rivals -- businessman and rancher Gary Kiehne and state lawmaker Adam Kwasman -- are already on the air with TV ads.
The primary is Tuesday but early voting began July 31.
The Chamber ad, which begins airing on Thursday, focuses on Tobin, calling him a "rock solid conservative," and the Democratic incumbent, Rep. Ann Kirkpatrick.
The commercial makes no mention of the two other Republican candidates.
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A stock price that was beyond comprehension only three months ago is now edging ever closer to actually happening. As of this writing, Sirius XM Radio is in danger of dipping into the teens. This will place the equity at a new all time low, as well as bring it further away from the $1 Billion market cap that would allow the company to access a $100 million credit facility through Loral.
The company has expressed that they are active in trying to negotiate financing for the $200 million due in February of 2009, but as yet there has been no indication that acceptable terms have been reached. The debt issue and frozen credit markets have taken their toll on many companies, and Sirius XM have not been immune.
While company guidance remains that profits are around the corner, the street perception makes any such projections difficult to believe. Negative headline after headline mire the entire investment community, and at this point a recession seems to be a self fulfilling prophecy. The economy is confused, and retailers are so worried that they are initiating Black Friday sales a week and a half early in hopes of prying money from consumers who seem more apt to hold onto their dollars.
With this being only Tuesday, we could be in for a rough week, and at this point, unless there is positive news to reverse the trend, a visit to the teens seems more and more likely. At that point, people will begin to wonder whether you can get a share for one dime!
Position: Long SIRI.