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Head Librarian Melissa Macdougall in the stacks at Lakeshore Library, 7346 RR 261 in Buchanan Dam. The Friends of the Lakeshore Library are holding a Big Book Sale with free Blue Bell ice cream from 9 a.m. to noon Saturday, Aug. 13. Staff photo by Suzanne Freeman
Buy a bag of books and eat free Blue Bell ice cream at the Friends of the Lakeshore Library Big Book Sale on Saturday, Aug. 13. The event is from 9 am. to noon at the library, 7346 RR 261 in Buchanan Dam.
Books are priced at $1 a bag. Additional donations are appreciated. All proceeds go to support the Lakeshore Library, which is part of the Llano County Library System.
“We used to do this annually but haven’t had one since the pandemic (started),” Head Librarian Melissas Macdougall said. “Right now, we have a lot of books. We needed to clear this out.”
The books are mostly donated to the Friends group and include paperback and hardback in a variety of genres.
“We have some children’s books, fiction, nonfiction, religious, self-help, history, gardening, home decorating — you name it,” Macdougall said. “Some were weeded from the library long ago, but not in the past year. The majority are donated, and we need to clear them out.”
The library plans a second book sale in about a month, she said. Call 325-379-1174 for more information.


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Within the past few weeks and months, there have been rather large sums of logistics investments flowing into the Asia online retailing sector, with a special emphasis on improving logistics efficiency and unique customer fulfillment needs.
Supply Chain Matters features a guest contribution from Mike Russo- Can Data Science Help Procurement Zero-In on the Right Supplier?
A reminder to Accenture Academy members that Founder and Executive Editor Bob Ferrari will be delivering an upcoming trendTalk web seminar: Managing Supply Chain in a Volatile Geopolitical Era. This exclusive trendTalk is scheduled for September 20 at 10 am Eastern time.
At this point, there is little doubt that industry supply chain teams will be managing the after effects of an incredible period of unprecedented natural disaster events that impacted portions of the United States, Mexico, and the Caribbean.
Supply Chain Matters highlights an deployment announcement from a contract management provider that reinforces that in the end, speed of implementation, ease-of-use and quicker value for the customer will always remain key decision criteria regardless of how advanced technology may be.
This week, Oracle reported its fiscal FY18 Q1 financial performance and the results are being billed as solidly exceeding Wall Street estimates. Oracle depicted its performance as the best quarterly performance in over six years as well as a very, very strong start to its FY18 fiscal year.
Supply Chain Matters cites a report from Business Network CNBC that visually portrays what it’s like to be a home improvement retailer amid natural disasters of the magnitude of Hurricanes Harvey and Irma.
This week, a significant announcement from GS1, the global business communications standards organization has important implications for consumer goods industry pilots directed at business process use cases for deploying blockchain technology
This week, consumer electronics giant Apple made its long waited new product release announcements regarding its new iPhone lineup. Given all the implications, Supply Chain Matters believes that the coming quarters will present Apple’s Sales and Operations Planning, supply chain planning and supplier teams their most significant challenges to-date.
Supply chain planning technology provider ToolsGroup made a significant product announcement this week, migrating its software to the Microsoft Azure platform and one that could lead to other announcements down the road.
Supply Chain Matters has provided many examples of the implications of the Amazon Effect. Food and consumer goods manufacturers have become so cognizant to the threat of Amazon in their respective markets, that they have taken action to secure their control of customer and other mission critical information. The latest is retailer Target which is reportedly aggressively moving away from dependence on Amazon Web Services.
Over the past two weeks, extraordinary numbers of natural disasters have impacted many individual countries and advanced price optimization technology seemed to lack the human intervention override button.
Supply Chain Matters provides our third reader update relative to Hurricane Harvey that struck the U.S. Texas Gulf Region two weeks ago. Recovery operations are clearly underway with initial assessments being shared.
Supply Chain Matters updates readers on the pending approach of Hurricane Irma to the Florida and potentially other U.S. regions.
The Wall Street Journal reports that the pending newest edition of Apple’s iPhone has been dogged by production glitches resulting in a reported one week delay in production ramp-up.

domain: news


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Hydrogen fuel cells could be a practical reality thanks to a new way of producing the gas.
Signa, based in New York, says it has devised a way to mix sodium with silica gel or crystalline silicon to create a powder that strips electrons from the sodium molecules and stores them – with more than nine per cent of a kilogram of the powder being converted to hydrogen.
Previously, industrial companies have shied away from using sodium which bursts into sparks when dunked in water, generating hydrogen, but with this new way, when water is introduced, a chemical reaction proceeds calmly.
The harvested hydrogen molecules undergo a second reaction with electrons stripped from the molecules and getting channelled into electrical power.
Signa says this technology could be incorporated into fuel cells that can generate enough electricity to run a mobile phone for a week or a car in emergency situations. They also say their techniques can reduce cost and complexity for pharmaceutical manufacturers and petroleum refiners.
The new technique was discovered by Michael Lefenfeld and James Dye who were trying to come up with an aerosol substitute for spraying fragrances.
Mr Lefenfeld said about the sodium: \\$quot;You toss it into water and it just bubbles. It frees up the electron to make it readily available for the reaction. A lot of that heat - in a normal sodium-water reaction - comes from the stripping away of that electron.\\$quot;
Hydrogen is already being used to a limited amount for power - Panasonic has started to conduct trials with hydrogen home-heating systems in Japan and Honda has obtained certification for a hydrogen car there.
For further information:


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Google has announced to make Prabhakar Raghavan, head of Ads and Commerce, as new head of Search and Assistant.
Raghavan who was heading Ads and Commerce segments sinc..
As many more schools now using G Suite for Education owing to social distancing times, Google has strengthened security and privacy to protect teachers and students..
With the scrapping of Mitron and Remove China Apps from its Play Store gaining a lot of attention in India, Google on Thursday said that it removed a video app "for ..
Alphabet and Google CEO Sundar Pichai has announced to give $12 million in funding to organisations working to address racial inequities amid nationwide protests against ..
Google has accidentally pushed the first Android 11 beta to some Pixel owners. It was scheduled to launch via a virtual event on June 3.
Google decided to delay the la..
Google is facing a $5 billion lawsuit in the US over claims that the Search engine giant collected user information even when they surfed the Internet in Incognito Mode o..
Google has announced to bring its personal safety app to all Pixel devices which was limited to just Pixel 4, along with car crash detection tool which is coming to Pixel..
As the global health crisis affected normal sleep patterns for millions in the past couple of months, Google has unveiled new bedtime tools for Android users to help them..
Google and YouTube on Sunday put a black ribbon on its home page in the US, showing solidarity for protests against the death of George Floyd, an unarmed black man,..
India's East Mojo and Minnambalam are among 5,300 small and medium local newsrooms around the world that will receive emergency funding from Google ranging from $5,00..
In what could alter the Indian telecom scenario, Google is reportedly exploring to buy a 5 per cent stake in financially-stressed Vodafone Idea, a move that would not onl..
Google Pay on Wednesday announced that it's 'Nearby Spot' feature is now available in 35 cities across the country.
Last month, Google Pay launched a '..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
Headwinds recede for Tata Motors, but it is not out of the woods just yet
Infosys signs agreement with U.S. IRS; sees lower tax rate
Daily Market commentary by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Petrol-diesel price gap decrease to hasten shift to petrol PVs: ICRA
Nokia shares fall on concerns over potential loss of Verizon business
Continental sees second-quarter as weakest quarter for auto sector since 1945
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Industry Spotlight: Nupi Americas at home in Hampton County
When Nupi Americas settled in Hampton County a little over six years ago, few people in the Lowcountry had heard of the Italy-based company looking to expand on the East Coast.
Now, the warehousing and distribution operations for the maker of a polypropylene pipe and fitting system anchors the Hampton County Industrial Park in Early Branch. While looking for a location with a large warehouse convenient to ports and Interstate 95, Nupi Americas discovered Hampton County, CEO Mario Genoni says.
“We landed here in 2015 and started operations in 2016 and did our second expansion last year,” he says. “We are happy to be here. We found a good place to grow.”
Genoni’s father started Nupi Industrie Italiane in Northern Italy 50 years ago. In about 1991, the company took off and found its niche in construction of pipe for hot and cold water, as well as pipe for diesel fuels.
“We grew and increased business, and to be able to do business outside Europe, we needed to have a location closer to our customers,” Genoni says.
The company expanded to North America as Nupi Americas in 2001 and based its stateside operations in Houston, Texas, close to the oil fields where the products were in high demand. “In 2014, we decided to increase our portfolio,” Genoni says.
Nupi Americas found the perfect location in Hampton County and began the move from Texas to South Carolina.
The Early Branch facility provides not only a strategic location but a dedicated workforce, Plant Manager Francesco Biffi says.
“The change was not easy, because it’s a different environment in Texas,” he says. “There, everything was close to us in a metropolis. Here, we have found suppliers and developed wonderful relationships with the people.”
The company still owns property in Texas, but operations were moved to Early Branch. With about 50 employees, Nupi Americas produces fittings, from universal stock items to custom solid fittings built from an engineer’s specifications for a specific project. The Hampton County location provides easy access to Interstate 95 and to ports in Charleston and Savannah to take Nupi’s products across the U.S. and to Central and South America.
“We’re happy to be here and be the first in the industrial park,” Biffi says. “This location is exactly what we need to provide the products to the suppliers.”
An economy booster
When Nupi purchased the Hampton County spec building in the industrial park in the summer of 2015, it was a much needed shot in the arm for the community and a harbinger of positive things to come, says Brantley Strickland, senior project manager at Southern Carolina Regional Development Alliance.
“We’re extremely fortunate to have recruited a company like Nupi Americas to Hampton County and the Southern Carolina Region,” he says. “As much as the jobs created and capital investment have helped the local economy, Nupi has also been a great corporate citizen, an advocate for our organization and the communities we represent and even the entire state.
“The company simply goes above and beyond to help our efforts,” Strickland says. “They’ve loaned us space in their conference room when we need to meet with a prospect in the industrial park, they have promoted our region on international marketing trips, and they often speak to companies on our behalf. It’s been a great relationship, and we look forward to their continued success.”
For Melissa Anderson, an Early Branch native and the company’s customer service manager, Nupi Americas’ move proved exciting for her and others in the community.
“Being the first business here, we served as a catalyst for other companies to locate here,” she says.
A strong internet connection proved vital to the international company, and Palmetoo Rural Telephone Cooperative’s (PRTC) expansion in the area serves them well.
“We certainly wouldn’t be able to operate like we do without PRTC’s fiber internet,” Anderson says. “Having that has been a game-changer.”
It became even more valuable last year when Genoni, based in Italy, could not travel to the area during the pandemic. Prior to March 2020, he visited the Hampton County facility often. Now, videoconferencing provides instant communications between him and the staff on-site.
“I cannot imagine what we would have done had this happened 20 years ago,” he says. “It would be impossible to run a company from this far away without fiber internet.”
PRTC has also partnered with Palmetto Electric Cooperative to bring high-speed internet to the rest of rural Hampton County, news that was just announced last week.
Fast Facts About Nupi Americas
-Located at 314 Commerce Parkway, Early Branch, S.C.
-Moved to the 50,000 square foot Hampton County Spec Building in 2015, expanded the facility to 100,000 square feet in 2018 and currently has further expansion plans.
-Employs about 50 people, mostly locals.
-Highly dependent on high-speed fiber internet connection for orders and customer service and uses PRTC for IT Services.
-Since Nupi’s investment in 2015, Hampton County has announced an additional $356 million in capital investment and 1,650 jobs in the Early Branch area, including those at Carolina Textile Care, Yield Scientific and Agriculture Technology Campus.
-Another corporate neighbor in Early Branch is Le Creuset, which has also expanded into a new warehouse.
Source: Southern Carolina Regional Development Alliance


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Motor heads and auto enthusiasts, listen up! If you’ve ever dreamed of being a professional race car driver, then this is your once in a lifetime opportunity! PlayStation, along with Gran Turismo makers Polyphony Digital have teamed up with Nissan North America to bring about the launch of GT Academy.
Using Nissan cars, you’ll compete in a series of online trials in the hotly anticipated Gran Turismo 5 game; and 32 finalists ( virtual racers) from the U.S. will compete to become one of the 16 GT Academy finalists! The ultimate GT Academy winner will train with elite race car drivers and race as a part of a professional team. A pretty big deal for a serious auto enthusiast… What’s more is that the whole journey will be documented and will be aired on PSN.
As far as I could dig, no age limit was described. Also, a final date of January 24, 2011 is mentioned, which indirectly confirms that Gran Turismo 5 will indeed release by then, and hopefully so, on November 24, 2010 itself.
Here’s a video for you to check out; a trailer for GT Academy:


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GF-Con Lands On Market Avenue
Attention geeks across the Boundary: GF-Con is this weekend. It’s a free admission comic book convention with records, toys, door prizes, deals, and more. Organizer Gregg Anderson says there will also be vendors.
He adds that you should dress up.
GF-Con goes Saturday at the Masonic Hall from 10AM to 4PM.


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- A Melbourne man has sued Apple in Australia over an iPhone X that exploded in his pocket
- The iPhone X exploded in 2019 but Apple failed to respond to the user’s concerns
- Another user experienced an overheating Apple Watch and is also suing Apple
According to a report from 7NEWS Australia, two Apple customers are suing the company over exploding and overheating devices. In the first case, a Melbourne man’s iPhone X exploded in his pocket leaving second-degree burns. The accident took place in 2019, but the user is only now taking action as Apple didn’t respond to any of his concerns regarding his iPhone X exploding. Another Melbourne man faced burns on his wrist after his Apple Watch allegedly overheated and is also suing Apple. Both these parties are being represented by Carbone Lawyers in Australia and the case has been filed at the County Court.
Apple iPhone X explodes
It isn’t uncommon for a smartphone to explode or catch fire spontaneously. Although this is very rare, it does happen once in a while and this is the second reported instance of an iPhone X catching fire. In the iPhone X user’s case, his one-year-old phone randomly exploded in his pocket. According to Robert De Rose, a scientist, he heard a pop sound, which was then followed by a fizz and intense pain on his right leg. When he removed his phone from the pocket, there was black smoke coming from it. He suffered second-degree burns on his thigh and his skin had peeled back.
As per De Rose, he contacted Apple several times regarding the explosion but didn’t hear back from them. Therefore, he has now decided to sue Apple and is expected some kind of compensation. The Carbone Lawyers are also representing another Apple user from Melbourne who faced wrist burns from his overheating Apple Watch.
When 7NEWS contacted Apple regarding the lawsuit, a company spokesperson stated that it is investigating the reports and that they take customer safety very seriously. The two lawsuits have been filed at the County Court in Australia.


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Dozens of tech manufacturers in China’s Shenzhen, including Apple supplier Foxconn, forced to shut down as coronavirus cases rise
Operations at tech industry suppliers such as Foxconn, known for assembling Apple’s iPhones, have been interrupted by new Covid-19 restrictions in China.
The new restrictions, imposed after China discovered more than 5,000 locally transmitted coronavirus cases over the weekend, have been imposed in the tech manufacturing area of Shenzhen, which borders Hong Kong, as well as in other areas across the country.
Factories supplying carmakers such as Toyota and Volkswagen have also been affected, raising fears of new supply-chain disruptions.
Shenzhen imposed a lockdown on its 17.5 million people amidst what has become China’s biggest nationwide outbreak since the start of the pandemic.
China has recorded more local asymptomatic cases so far this year than in all of 2021.
Other areas hit include the province of Jilin in the north-east, where authorities are building new hospital and quarantine facilities, and Shanghai.
Shenzhen is carrying out mass testing, while officials have suspended public transport and urged residents to work from home this week.
The city’s lockdown, scheduled to last for six days, affects more than 30 Taiwanese companies that manufacture everything from circuit boards to touchscreen modules.
Most manufacturers said their plants would be shut until Sunday, 20 March, according to reports.
Foxconn said it moved production to other plants to “minimise the potential impact” of the measures.
Several reports indicated Foxconn expected it and and its subsidiaries’ operations in Shenzhen to be suspended for the first half of the week.
Taiwanese companies Unimicron Technology, which makes chip substrates and printed circuit boards for Apple, Intel and others, and Sunflex Technology, which makes flexible printed circuit boards, both said they had suspended operations in Shenzhen.
Sunflex said its plant would be closed until 20 March.
Toyota said on Monday its joint venture with China’s FAW Group had suspended production in Changchun, while its Tianjin City operations continued.
Volkswagen said its own FAW joint venture had suspended production from Monday to Wednesday.
China has continued with its zero-tolerance policy toward Covid-19, even as most other countries have relaxed restrictions.


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Zale Corp., a leading specialty retailer of fine jewelry in North America, on Tuesday reported a net loss of $3.1 million for third quarter ended April 30. This loss includes, on an after-tax basis, a reduction of $6.9 million due to the decline in revenue recognized from the change to a lifetime jewelry protection plan and a benefit of $1.6 million for the net impact of derivative versus hedge accounting on its gold and silver contracts.
Excluding these items, the Dallas-based company reported earnings of $2.2 million.
For the same period last year, the company reported net earnings of $16.8 million. This included, on an after-tax basis: a benefit of $8.4 million resulting from the settlement of certain retirement benefit obligations partially offset by; a charge for severance of $2.2 million; and a charge of $0.9 million related to the closing of certain Bailey Banks & Biddle locations. Excluding these items, third quarter earnings in 2006 amounted to $11.6 million.
Revenues for the quarter were $511.9 million compared to $526.9 million last year, a decrease of 2.9 percent. Revenues recognized were $8.7 million or 1.7 percent less than prior year as a result of the change made in the method of amortizing jewelry protection plan sales. Same-store sales for the third quarter decreased 3.4 percent.
Year-to-date revenues were flat at $1.95 billion, compared to the same period last year.
Excluding revenues of $24.3 million related to Bailey Banks & Biddle store closures in the second quarter of last year, year-to-date revenues increased 1.3 percent. Year-to-date same-store sales fell 0.1 percent. Year-to-date earnings totaled $58.6 million.
“While comp store sales decreased 3.4 percent, a focus on maximizing gross margin dollars and good expense control contributed to earnings in-line with expectations for the quarter,” said Betsy Burton, Zale chief executive officer.
“We believe retail in general is showing signs of weakness, and higher gas prices have directly impacted the discretionary income of the moderate customer,” Burton added. “Given these overall macro trends, we are lowering our sales projections and, while cautious, we are maintaining our current earnings guidance for fourth quarter.”
The company projects a fourth quarter same-store sales decrease of 2 percent to 3 percent.


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In an effort to consolidate its image, Hobart Brothers Co. has unveiled a new logo for its Hobart brand of filler metals. The decision to redesign the logo coincides with the strategic consolidation of the company’s five brands of filler metals — Hobart, McKay, Tri-Mark, Corex and MAXAL — under a single namesake.
Through the Hobart brand, it is the company’s goal to continue offering innovative filler metal solutions that improve quality, increase productivity and lower costs, while also simplifying the process of selecting filler metals. The Hobart brand also signifies the company’s commitment to collaborating with its end-users to provide industry expertise in ways that help improve their businesses.
“While all of our brands are well respected in the markets they serve, the Hobart brand has long been recognized in the industry as a leader in filler metals,” said Rich Thompson, vice president of marketing at ITW Welding, Hobart’s parent company. “Building this brand is a means to provide our end users with a competitive advantage. When they see the Hobart brand, they can be assured they have the right products to optimize their welding processes.”
The Hobart brand of filler metals includes a full product line of tubular wires (metal-cored and flux-cored), solid wires and stick electrodes for welding carbon and low alloy steels, stainless steels and aluminum, as well as options for hardfacing.


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The legal battle between two of the biggest tech titans is finally over -- at least for now. The attorney representing Waymo, the self-driving car company spun out of Google, settled its court case with ride-hailing giant Uber on Friday. Google's parent company, Alphabet, is set to receive 0.34 percent of Uber's equity at a $72 billion valuation as part of the agreement. The highly-anticipated trial, which started this week, involved Uber allegedly stealing trade secrets from Alphabet by hiring former employee Anthony Levandowski. As part of the settlement, Uber has agreed to work with Waymo so that certain software is credited to Google and not incorporated in Uber's systems. "We have reached an agreement with Uber that we believe will protect Waymo's intellectual property now and into the future. We are committed to working with Uber to make sure that each company develops its own technology," a Waymo spokesperson wrote in a statement. The decision comes after less than a week in the courtroom, where Uber cofounder and former CEO Travis Kalanick his first public appearance since being ousted from Uber in June 2017. Uber's current CEO Dara Khosrowshahi apologized to Waymo in a statement released shortly after the ruling. "To our friends at Alphabet: we are partners, you are an important investor in Uber, and we share a deep belief in the power of technology to change people's lives for the better. Of course, we are also competitors. And while we won't agree on everything going forward, we agree that Uber's acquisition of Otto could and should have been handled differently," Khosrowshahi said.
Feb-9-2018, 17:49:20 GMT


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Corporate Tax rate cut – Will it reverse the slowdown?
Corporate tax rate cut may be effective in the long run, however, looks ineffective in providing immediate relief from the slowdown.
In her latest press conference, the finance minister announced a cut in the corporate tax rate to 25.17% (effective Tax Rate) to help the industry to tackle the current economic slowdown. This will have an impact on govt revenue by approx. 1.45 lac crores, whereas, the effective tax rate for newly established manufacturing companies, established on or after 1st Oct 2019 is reduced to 17.01%. This is a unique thing to happen as the direct tax rates are normally announced in the government budget.
According to industry experts, the move will be good for the overall profitability of companies. The lower tax rate for new manufacturing companies will attract foreign investors to invest in the country’s manufacturing industry and will boost make in India programme of the government.
Some experts suggest that the corporate tax rate cut may be effective in the long run, however, seems ineffective in providing immediate relief from the slowdown. The major reason current slowdown is that the consumers don’t have money to buy goods. So increasing the real purchasing power of the consumer would be a better way to deal with the current slowdown. The Tax that has a direct impact on the real purchasing power of the consumer is GST. The GST rates in India are much higher, a rate cut will make the product cheaper and affordable for consumer to buy and will help the industry to clear its already manufactured unsold inventories.


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We are pleased to inform you that FIEO in association with Payoneer India is organizing a comprehensive webinar on “Simplifying international payments for Indian exporters ” as per the following schedule:
Date and Time: Thursday, August 26, 2021
Time: 03:00 pm - 04:00 pm (IST)
Cross Border Remittances, for B2B exporters are always seen as a challenge due to various factors involved in the process like transaction fees, transparency in costs, processing time and managing payment related documentations etc.. With the rise of the fintech industry SMB exporters are gaining equal access to markets like an enterprise organization via affordable yet scalable payment platforms. India has one of the highest technology adoption rate of 87 per cent (global adoption rate is 64 per cent) out of all emerging markets in the world, thus becoming a breeding ground for adoption of these platforms. Businesses are increasingly applying more technology into their business to sustain, grow and remain competitive in International Markets.


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Can I get an 11-inch turkey sub? Not quite the same ring as the famously fresh Subway Footlong.
For 45 years, Subway has promised fresh food as a healthy alternative to high calorie meals served at alternative fast-food restaurants. Offering two sizes, the six-inch and the famous footlong, Subway has ranked as one of the top fast-food restaurants year after year. The Nations Restaurant News released their “Top 20” list of chains that earned the most profits through 2010, and Subway ranked at Number 2 with $10.6 billion in profits. With trends in the United States shifting to healthier lifestyles, it is no wonder that Subway has flourished, especially in the last decade.
Just a few weeks ago however, Subway’s Footlong sandwich came under fire and had people pulling out their rulers on their beloved sandwiches. An Australian posted a photo on social media of his sandwich with a tape measure showing that the sandwich was just 11 inches long. Plenty of backlash erupted. Several people have even come forward suing this restaurant chain due to their deceptive advertising. Subway has responded to the photo and the lawsuits saying more effort will be taken by the stores to ensure that sandwiches measure up.
For years, the Footlong sandwich served at Subway has been on of the most popular items on the menu. It became even more cherished in 2008 when Subway released the “$5 Footlong” campaign. Depending on the day of the week and the flavor, a footlong could be purchased for $5. This generated huge revenues for Subway and orders for the larger of the two sub sizes.
The question is then, is an inch really a loss when it comes to the size of a sandwich. When Subway has promised in the name of their sandwich that it will be a certain size, it just may. Many other sandwich shops stick to the small, medium and large scale, but Subway offered actual inches to stand apart from the other restaurants. Time will tell whether anything comes of the lawsuits. Beside assurances, time is probably the best indicator to encourage people to put their rulers away.


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GM has announced a definitive supply agreement with MP Materials, a rare-earth materials company based out of Las Vegas, Nevada, that will supply the automaker with rare-earth materials, alloy, and magnets to support GM’s all-electric vehicle programs. The new supply agreement is set to kick off late in the 2023 calendar year.
The new definitive supply agreement follows a binding agreement between GM and MP Materials announced last December. The materials, alloys, and magnets will be used in electric motors for more than a dozen GM vehicles incorporating the automaker’s Ultium technology.
In parallel to the announcement of the definitive supply agreement with GM, MP Materials has also announced the start of construction for its new rare earth magnet factory in Fort Worth, Texas, set to create an estimated 150 skilled jobs, as well as roughly 1,300 indirect jobs. The facility will source materials from Mountain Pass, California, and will have the production capacity to turn out roughly 50,000 EV motors annually, with potential to scale. That includes roughly 1,000 metric tons of neodymium-iron-boron (NdFeB) magnets per year.
The new facility is part of MP Materials’ recent $700 million investment to restore the U.S. rare earth magnetics supply chain over the course of the next two years. The facility will also integrate recycling and environmental capabilities for longterm sustainability. In addition, the company’s Mountain Pass production plant is a “closed loop, zero-discharge facility” that recycles over 1.7 billion liters of water annually, according to MP Materials.
“Bringing magnetics capabilities home is transformational for MP Materials and America’s supply chains,” said Founder, Chairman, and Chief Executive Officer, MP Materials, James Litinsky. “I am very proud that after a series of executive orders spanning multiple presidential administrations MP Materials is leading the restoration of the full supply chain and the revitalization of the American manufacturing spirit in our sector.”
As a reminder, General Motors has announced plans to launch 30 new electric vehicles globally by 2025.


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A new WhatsApp scam is making the rounds. With just a single call, users can lose their account. You should keep your hands off these sequences of digits.
Anyone who receives messages from the Whatsapp messenger service that asks them to call a special number should be careful. As Computer Bild warns, there is a new scam behind it that first appeared in India.
The specialist magazine warns that the fraudulent phone numbers can be recognized by a sequence of digits that are given with an asterisk. For Germany, the combination is **21*, in previous cases - especially in India - the phone number was prefixed with **67* or *405*.
The characters, which initially appear harmless, are actually a so-called GSM code, which is used as a control command for smartphones. This allows fraudsters to set up call diversions and call blocks - and ultimately redirect all calls to the fraudsters' devices.
What happens after a call to this number? According to Computer Bild, criminals take over their victims' Whatsapp accounts and deposit their own smartphone as a new device. Since a new Whatsapp device can usually be confirmed by a control call, verification by means of call forwarding is not a problem. The specialist magazine warns that fraudsters can legitimate themselves as users of the account and possibly also change the phone numbers and thus gain full control over the account.
This means: It will be difficult to get your own account back because fraudsters can now log in. The specialist magazine warns that scammers use the situation and send messages to their own contacts on behalf of the victims or spread the manipulated phone number further in order to take over other accounts.
Just recently, consumer advocates warned of another scam: When receiving a voice message, mobile phone owners are usually asked to call their voice mail. However, according to the consumer protection portal "Watchlist Internet", SMS messages are currently being sent that prompt users to click on a link with a message that they have just received a voice message. Anyone who follows the link will be informed that an app has to be downloaded because of the message format. Mobile phone users are not allowed to do this under any circumstances, as it is malware.
If only the link was clicked, nothing happened, according to the consumer protection portal. However, once you have installed the app, you should act quickly:
In order not to let it get that far, you should be suspicious of:


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If the fourth industrial revolution (4IR) has the potential to ring in a new era of social progress and strengthened societies, we need to re-imagine capitalism. The first step towards this is building a conscious company.
This is not merely doing right, it is instilling diversity and inclusion governed by strong ethical leadership.
I was privileged to attend the recent SingularityU South Africa Summit, where a main topic was ways we can future-proof our continent. The focus was on exponential business models and ideas that can catapult Africa beyond the fourth industrial revolution. This rings true for Absa’s purpose, which is to bring possibilities to life by investing and unlocking Africa’s ingenuity and entrepreneurial tenacity.
Our continent consists predominantly of people of schoolgoing age. In this fast-paced, volatile, uncertain, complex and ambiguous world, we should now, more than ever, focus on equipping young people to tackle the continent’s problems head on.
As Valentine, a post-graduate student in mathematical biology in Tom Stoppard’s 1993 play Arcadia, noted: “The future is disorder. A door like this has cracked open five or six times since we got up on our hind legs. It’s the best possible time to be alive; when almost everything you thought you knew, is wrong.”
Something similar is happening today.
The exponential change we’re seeing in the post-digital age is set against a backdrop of disruption and change, and it’s clear that artificial intelligence (AI) will soon be processing and producing faster and more effectively than humans. Our education models should shift to drive the integration of the humanities, creativity and technology with critical thinking skills.
More than ever, the 4IR requires authentic, values-based leadership and learning that stays abreast of the ever-changing world.
I have been following the work of conscious capitalism, looking at how future generations will demand that conscious leaders are at the helm of companies. With the rise of populist politics and a post-truth culture, it is critical that business transforms its models to respond to global challenges. The sustainable development goals set by the United Nations General Assembly in 2015 present an opportunity to do so.
An exercise during the launch of the Business and Sustainable Development Commission, in Davos in January 2016, showed how the goals can unlock $12-trillion in business opportunities, presenting the obvious opportunity of doing well while doing good.
This simple idea has created exciting new opportunities and given many businesses a distinct competitive advantage. Companies such as Unilever, Whole Foods Market, Starbucks and Discovery have shown this. But many people still have the misconception that “doing good” means making less money and that there is always a trade-off between financial return and effect. This is not the case. In fact, this is the only business model that will survive.
At the recent Conscious Leadership and Ethics Summit, hosted by Conscious Companies and the Mail & Guardian, Saul Klein, of the Gustavson School of Business at the University of Victoria, British Columbia, maintained that companies will increasingly come under pressure from consumers if they don’t re-evaluate their leadership and business models. He argues that the market has evolved from a product-based economy primarily, which emphasises functionality, to the service-based economy, which is relational. The next phase is a values-based economy, driving sustainability.
Pure capitalism does not pay enough attention to the effect of business on society and the environment. We have witnessed customers using their purchasing power to protest against companies who do not have sustainable business practices. This has become more pronounced in recent years and the greatest advocacy for a new order is from the youth. Evidently, they will not only use their purchasing power, but will also decide who they will work for based on a company’s value system.
Now more than ever, businesses should look at how to drive conscious leadership practices with clear ethical guidelines. It is worth noting that in 2018, more chief executives were ousted because of ethical lapses than poor financial performance or struggles with a company’s board, according to a recent PwC study.
The notion that corporations must earn their “social licence to operate” and serve stakeholders rather than only shareholders is not new. The “triple bottom line” (social, ecological and financial) is also creating shared value. It’s a concept that implores companies to drive profit with a purpose. Conscious capitalism is business that reflects the potential of business to have a positive effect.
For banks that means using technology purposefully. Silicon Valley has been defined by the ethos “move fast and break things”, but we see the mindset slowly shifting to “move purposefully and fix things”.
Technology has reduced the cost of banking, but the World Bank estimates that as many as 66% of sub-Saharan Africans are unbanked.
The potential on the continent is huge. The disrupter economy offers more choice and value to consumers. For example, cellphones contribute directly to some of the sustainable development goals by providing financial access to individuals and small businesses that were previously excluded.
Globalisation has created growth and development, but only for some. Too often, it has merely fuelled excessive inequality. Instead of using our collective intelligence and basic humanity to resolve poverty and other divisive social issues, we have allowed the gaps to widen.
How the digital revolution will transform the financial sector to benefit the planet and all its people will depend on who drives it and for what purpose. Peter Drucker, regarded as the founder of modern management, made the distinction between efficiency and effectiveness: efficiency is doing things right, effectiveness is doing the right things. What is required is a digital world that will lead to more effective financing: where capital is directed towards sustainable development and includes everyone.
We live in a very different world today, where the longest journey people must make is between their heads and their hearts. Customers — along with employees, partners, and investors — have much higher expectations of businesses. They expect the companies in their lives to be aligned with their values. Building trust in a company is no longer only about how it treats its customers, it’s also about the company’s values and how it contributes to society.
This cannot be achieved without a more conscious approach to capitalism, led by conscious leaders who are driven by service to society, to all the people the business touches and to the planet we all share.
Sazini Mojapelo is head of citizenship and community investments at Absa


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Ford Motor Company (NYSE:F) Warns Of Lesser Profits Next Year
Ford Motor Company (NYSE:F) the much storied and revered car manufacturing company in U.S warned yesterday that it foresees troubled times ahead and has asked its investors to plug in their seat belts as it navigates through the many road blocks it is facing over the next few months.
Alan Mulally Does Some Plain Talking
When this news reached the Wall Street, investors took the advice of Ford Motor Company (NYSE:F) with the seriousness it deserves and enmass decided to exit the stock. Thus in the ensuing stampede the car maker which boasts of a market cap of $61 billion ended up shedding close to 6.2 percent of its market value during trading yesterday. At current depreciated valuation levels the stock is trading 12 percent lower than its 52 week high price points.
These grave warnings were signalled by Ford Motor Company (NYSE:F) chief executive Alan Mulally. He has been credited with the successful turn around the car maker went through in the immediate aftermath of the financial crisis which practically brought corporate America to its knees.
In his key note speech to the analyst community, the visionary CEO listed out the various challenges he foresee for his company. The long list starts with a dip in profits being anticipated next year due to pressure on sales in its bread and butter market of North America. This sales dip is expected due to increased competition and additional investments being sunk into rolling out new models to keep its customer folk coming back to them for trading in newer models. The aggressive pricing being offered by its competition has forced Ford Motor Company (NYSE:F) to in turn fight back by offering promotional pricing and other customer inducing incentives which are eating into its profits.


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7:52 a.m. PT, San Francisco store: There are 86 people now in line. Nearly everyone in line we talked to said they were getting the Mini vs. the larger model. Jose Narin from New York is actually stuck here because of Hurricane Sandy. His flight was supposed to go out earlier, but got delayed. He decided to make the best of it by waiting here in line instead of at the airport. Once again, there are far few companies here hawking goods and services than in previous launches. Though DoDo Case is here. It's an accessory maker that is handing out 15 percent off coupons to people who want to buy one of their cases. One of its employees came here after visiting Apple's two other San Francisco stores -- on Chestnut Street and in Stonestown Mall -- and finding that nobody was in line short of the company's co-founders at the Chestnut location.
7:30 a.m, PT, San Francisco store: Apple store employees have adjourned to the store's second level, and a loud cheer went up, There is a noticeable lack of other media around, The launches for the iPad and iPhone earlier this year garnered scores of cameras and other reporters, The line hasn't grown much in the time I've been here, It's around 60 armor : a bold minimal abstract mixed media piece in gold, black and white iphone case people now, 7:27 a.m, PT, Palo Alto store: The first person in line here is Brad Peterson, who's been here since 2 a.m, He says he is buying two Minis, a black one and a white one, He has all other versions of iPads..
7:10 a.m. PT, San Francisco store: Greetings from Apple's flagship store in San Francisco. There are just over 50 people in line here this morning. The first two are a couple from Budapest who got here around 5 a.m. and are buying one Mini and one fourth-generation, full-sized iPad. They've been talking with Apple Store employees using Google's translate software on the iPhone. The line is almost entirely men. 10:10 a.m. ET, NY Fifth Avenue store: Gabe Friedman, who says he was eighth in line, was victorious in buying the 64GB model of the iPad Mini. A Queens resident, Friedman got in line at 10 p.m. yesterday, despite all of his friends and family thinking he was crazy. "I didn't want to wait two weeks" to buy it online, he says. "My relatives and friends thought I was stupid because of the hurricane, but I wanted the thrill and excitement." He adds that he owns all the previous iPads and many other Apple products, but this is the first time he has waited in line to buy an iDevice. "I can't wait to load this bad boy with music, video, and apps."10 a.m. ET, NY Fifth Avenue store: The store finally opens following a countdown from five and steady applause and cheers from Apple employees. The first bunch of people from the iPad Mini line are escorted in, as are the first ten or so people from the Genius/iPhone purchase line. The temp outside is still pretty brisk, and it's likely a big relief for people to get inside. The first iPad customers exit the store five minutes after going in. Andrew Li, the first person in line, says he was able to buy exactly what he wanted -- the 16 GB iPad Mini.
9:50 a.m, ET, NY Fifth Avenue store: Apple has a second line for people needing help from the Genius Bar, Employees are walking around the line, helping "triage" the problems, The store will open at noon for Genius Bar appointments, Some in the line, like Nick Searle from the U.K., are waiting to buy iPhones, He's waiting for the 4S and was told he'd be let in the store at 10 a.m, 9:45 a.m, ET, NY Fifth Avenue store: The store is about to open armor : a bold minimal abstract mixed media piece in gold, black and white iphone case and not soon enough for many people, The store, busy on a normal day, has seen its fair share of New Yorkers displaced by Hurricane Sandy, Many have come to charge their gadgets and check the Internet while their homes are without power, Apple shut the store ahead of the launch, though, Anyone wanting to get back in or buy another product has to wait in the long iPad Mini line that stretches around the block, though Apple had told some people wanting to buy phones to wait in a tech support line, They say there will soon be a separate line for people wanting to buy other products or just go in the store, Cheers are starting from inside the store, opening at 10 a.m..
9:40 a.m. ET, Washington, D.C., Georgetown store: Two years almost to the day, Facebook founder Mark Zuckerberg madenews by commenting that the iPad was not a true portable device and alot of people buying the iPad Mini seemed to agree with him. Tiffany Norwood, who operates Next Generation Broadband (whichproduces a collection of broadband apps) walked out of the Apple store and told reporters that she has owned an iPad 1 and iPad 3 and what attracted her most to the Mini was its smaller size. That's exactly why Gabriel Perez, 16, and his fatherNelson Perez, 50, took time out of their vacation to the U.S. capitolto buy a Mini. But what about that price point? The Wi-Fi only versionof the device starts at $329 and for the 32 GB model will set you back$529 and that's been one of the big knocks of the smaller iPad.


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The Latest on COVID-19
Governor John Carney on Sunday, March 22, 2020 issued the fourth and fifth modifications to his State of Emergency declaration, ordering Delawareans to stay at home whenever possible and closing all non-essential businesses in Delaware to help fight the spread of COVID-19. Read the full release here.
Restaurants are still permitted to offer carryout and delivery services. Alcohol sales are permitted for carryout only.
Click here to donate or apply to the new restaurant industry EMERGENCY ACTION TRUST (E.A.T.s) fund for restaurant workers.
Follow the DRA on Facebook & Instagram for daily updates, articles and latest information.
1 in 2
1 of every 2 Americans has worked in the restaurant industry at some point in their lives. The food service industry provides employment and job training for millions of people around the country.
The DRA publishes it’s own quarterly magazine for Delaware’s restaurant industry, filled with the latest industry news, legislative updates and membership events and information. Click through our most recent issue here, and contact the DRA to join now and enjoy receiving this complimentary publication mailed directly to your business four times each year.


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Owner of the Caffè Ritazza and Upper Crust brands indicates ongoing travel recovery and says revenues remain on track to return to pre-Covid levels in 2024
An SSP Group operated Upper Crust store at Marylebone railway station in London, UK | Photo credit: Via Shutterstock
Global travel concession operator SSP Group has reported improved trading across its global operations as international travel continues to regain pace.
Reporting its third quarter results from 1 July to 30 September 2021, the company said revenues currently stood at 27% of 2019 levels. Fourth quarter revenues are expected to be 47%, with half year revenues anticipated to reach around 37% of 2019 levels.
SSP Group continues to benefit from increased passenger numbers across the travel sector, with revenue over the last week remained about half of pre-pandemic levels – an improvement on the 90% reduction
it saw in June 2020.
In June 2021, the company reported half-year revenues
of £256.7m ($363.8), down 78.9% compared the same period in its previous financial year.
However, in the third quarter of 2021 SSP signaled travel footfall continued to recover, with domestic and leisure travel, which makes up around 60% of group revenue, recovering more rapidly than international and business travel.
According to a press release, the travel concession operator has reopened 60% of its outlets globally, up from 30% at the end of the first half of 2021.
Continental Europe and North America experienced the strongest recovery in trade, with the fourth quarter revenues for the former region anticipated to be 53% of 2019 levels, driven by a surge in rail and air passenger numbers over the summer period.
In North America, revenue in the fourth quarter is expected to be 52% of 2019 levels, reflecting an ongoing recovery in domestic air travel.
Meanwhile, UK sales have continued to strengthen following the easing of lockdown restrictions in July. The increase has been led by the rail sector and is expected to be around 43% of 2019 levels in the fourth quarter.
However, SSP said the recovery has been less pronounced in markets with slower vaccine rollouts, including Australia and Thailand, where fourth quarter revenues are expected to be around 29% of 2019 levels.
Nevertheless, the company says it remains on track to return to pre-Covid levels of like-for-like revenue and EBITDA margins by 2024.
SSP Group operates around 2,800 outlets at 300 railway stations and 180 airports in 36 countries. It runs its own café brands, such as Caffè Ritazza, Upper Crust and Camden Food Co., in addition to licensed brands including Starbucks, Pret A Manger, and Burger King.
In July 2021, it was announced the company’s CEO, Simon Smith
, will step down to pursue other opportunities at the end of 2021.


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Tourism Industry News
Nigeria's Tourism Minister: Tourist arrivals to grow significantly
Kano — Minister of Tourism, Culture and National Orientation, Senator Jibrin Bello Gada, has said the country's increasingly appreciating tourism forecast showed that annual tourists arrivals will reach over one billion by the 2010, which will eventually put earnings in that sector to $150bn.
The minister, who was speaking during the 30th celebrations of the World Tourism Day in Kano, weekend, hinted that despite the growing disasters that have greeted the world, tourism has been put as the fastest growing industry with many countries presently turning to the sector away from oil as their main source of revenue.
"Travel and tourism is considered as one of the world largest growing industry and despite the incidences of terrorism, air mishaps, tsunamis and other natural disasters and even the present global economic meltdown, it has remained resilient as there is no sign of slowing down in growth trend sin this 21st century," said Gada.
Get the full story at: eTurboNews
See Also Other News


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As a brand that churns out 500 new designs each week on average and has over 3,000 stores across the world, Zara is associated with clothes that are here for a good time, not a long time. But Inditex, Zara’s owner, is trying to shift that perspective. Yesterday the brand released its first major sustainability goals, which are ambitious and will take place over the next six years.
By next year 2020, Zara aims to eliminate hazardous chemicals from its supply chain, set up donation boxes in all stores, train employees in circularity, and cut out fibers that come from endangered or ancient forests (so, viscose made from wood pulp). By 2023, no single-use plastic will be used in packaging, and before 2025, no waste will be sent to landfills from Zara facilities. When the goals were announced, Marta Ortega, the daughter of Inditex founder Amancio Ortega, said, “It’s the right thing to do, both morally and commercially, and it’s an approach that we’re absolutely committed to.”
Naturally, this has been met with some skepticism. The fact that Zara is publicly discussing sustainability signals a shift in how popular — and profitable — businesses think eco-friendly fashion is. But it’s hard to imagine a brand that epitomizes the problem becoming the solution without fundamentally changing its business model. A top made of recycled polyester that’s worn three times then thrown away is still a polyester top in a landfill.
And there’s another gaping hole in the sustainability goals: Where are the considerations for the people who make clothes? At least H&M, the other giant fast-fashion brand that has had sustainability goals for years, says that the goal is to pay all factory workers a fair and living wage, even if the workers aren’t actually being paid that much yet.
That being said, if Zara can rid its supply chain of viscose made from ancient forests and single-use plastic packaging, it would be an undeniable win for the planet. But the brand is hardly taking a holistic approach to sustainability. If it’s sending out 500 new designs each week, a fair amount of clothing will end up in landfills. And it’s worth noting that the same week Zara made headlines for its sustainability goals, it was also covered in the New York Times for making a $50 viscose dress that proliferated so quickly it warranted its own Instagram account.


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The community for leaders in finance shared services
Keywords: BPO, outsourcing, business process outsourcing, procurement, eprocurement, purchase to pay, procure to pay
Susie West | News | 25 May 2012
The multi-process business procurement outsourcing market has been given a vote of confidence after a new study predicts growth of around 15% in 2012.
Research by global consulting and research firm Everest expects the market to reach $1.8bn in annual contract value by the end of the year, following on from a positive 2011 where the market saw a second consecutive record year for new contracts, growing 14% over the year to reach $1.6bn.
It found that over the past 12 months it has been mid-market businesses with revenues of between $1bn-5bn as the predominant adopters of procurement outsourcing such as purchase-to-pay processes.
The primary drivers for these businesses transitioning to shared services is to cut costs, optimise processes and improve compliance, explained Saurabh Gupta, Vice-President of Everest Group.
He added: "The business case is attractive as it can address a cost base representing 5-15% of the company revenue."
This, he said, "represents a significant return on investment".
Analysing the market in 2011, the Everest report found that almost 80% of contracts signed were by companies in the manufacturing, retail and financial services industries.
It also showed that more than half of new contracts had an 'end-to-end scope' across the source-to-pay process.
In addition, there is a growing trend in finance and accounting contracts with accounts payable that includes elements of the upstream procure-to-pay process.
Predicting trends for next year, Mr Gupta said: "We expect to see acquisitions and partnerships between procure-to-pay and source-to-pay providers as well as a continued expansion of the service provider landscape … competition will intensify as the major contenders invest in capabilities and experience rapid year-over-year growth."
Other market projections include a noticeable upturn in demand from the Asia-Pacific and South America regions, as well as more public sector organisations adopting these systems.
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Nokia is planting trees for every smartphone sold in Europe in Madagascar and Mozambique01. 11. 2021 Monday / By: Robert Denes / Generic / Exact time: BST / Print this page
N okia is planting trees in Madagascar and Mozambique for every smartphone sold in Europe. HMD Global, the owner of the Nokia brand, has launched another eco-campaign with the aim of planting dozens of trees for each unit sold in several models in its product line.
Nokia’s new “Sit Together” initiative includes a commitment to plant new trees for every X and G-series smartphone we sell.
HMD Global announced that the move was announced to further strengthen the sustainability of its smartphone business, which already includes long-term software warranty and support.It is a partnership with the Ecologi group, which Nokia has hired to plant a number of trees (located in Mozambique or Madagascar) in proportion to each new device sold for the G and X series and the new T20 tablet. Nokia has been showing many of the latest smartphones as sustainability-focused products: for example, the X10 comes in 100% recyclable packaging and is just one of many devices that come with up to 3 years of official Android operating system and patch updates from security.
Also, according to a company statement issued on Wednesday, October 27, 2021, the initiative is only available to European buyers and will last until the brand reaches 35,000 trees planted. Sustainability is increasingly present in the current strategy of global corporations, in virtually every sector. HMD Global has also made efforts in this direction, such as packaging 100% recyclable products and replacing parts with sustainable materials.Via Link


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US Nasdaq-listed company ParkOhio announced that it has signed a definitive agreement to acquire Saet spa, an Italian company which is a leader in the design, manufacturing and testing of induction heating equipment and heat treat solutions (download here the press release).
ParkOhio will pay a price of 18.4 million euros. Sellers are Italian private equity operator Star Capital sgr (who bought a 74.3% stake in Saet’s capital in May 2006), the Canavesio family and the managers. Financial adviro to the sellers was K Finance while their legal advisor was Studio Legale Acinni Cartolano & Associati. Jones Day law firm supported Park Ohio.
Headquartered in Turin, Saet operates through its locations in Italy, China, India, and Tennessee. With over 4,000 machines installed all over the world, Saet machines are used for hardening, tempering, and annealing for various industrial applications in the agricultural, automotive and renewable energy markets. In 2013 Saet reached 27 million euros in consolidated revenues with a negative ebitda of 2 millions, but in 2014 revenues are seen over 30 millions with a positive 10% ebitda margin.
Park Ohio is a leading provider of supply management services and a manufacturer of highly-engineered products. Headquartered in Cleveland, Ohio, the Company operates 44 manufacturing sites and 55 supply chain logistics facilities. Seat’s acquisition strengthens the position of its subsidiary Ajax Tocco Magnethermic (ATM)’s as the global leader of induction products and will add key technologies to an already diverse portfolio of induction machine capabilities. ATM’s worldwide network of customer service centers and leading induction technologies are expected to increase the sales of Saet’s equipment and aftermarket products.
ParkOhio reached 1,2 billion dollaras in consolidated revenues in 2013 and in the nine months of 2014 had one billion dollars revenues 12.5% more than the 898.3 millions of the same period of 2013. The group targets a 13.5-14.5% increase in revenues this year with ebitda in the range of 132.5-137 million dollars.


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Food delivery app Swiggy is working to cash in on a rather lucrative prospect -- home delivery of alcohol. The company is in talks with several state governments to seek permission for liquor delivery. Swiggy is aiming to deliver liquor from local licenced retailers.
COO Vivek Sundar told the Economic Times, "We are in talks with a host of state governments. If the government gives us a green signal... And we are making sure everyone is safe in the process... We will explore that possibility... We are not going to rush into it prematurely."
The Supreme Court also recently observed that home delivery of liquor is a better alternative than crowds rushing to liquor shops and violating social distancing norms in the process. A three-judge bench did not pass an order but asked states to mull over liquor delivery. "We will not pass any order, but states should consider home delivery or indirect sale of liquor to maintain social distancing. Discussion on home delivery is going on. What do you want us to do?" Justice Kaul asked during a hearing of a plea that sought to ban sale of liquor during the lockdown.
Following the SC's comment, states like Delhi, Punjab, Maharashtra, West Bengal, Odisha and Jharkhand in-principle welcomed the SC's opinion. According to the daily states have also held talks with food delivery apps like Zomato and Swiggy as well as smaller startups like HipBar and Liqhub.
Meanwhile, the Delhi Police is probing fake liquor delivery sites that duped around a hundred customers. The websites became active the day after the Delhi government announced the issuing of e-tokens for alcohol. The scamsters took down details such as name and phone numbers of customers, made them pay through NEFT and then went non-responsive. The Delhi Police cyber crime branch took up the matter after around 100 people were duped in this manner.


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Worldwide news agency Agence France-Presse (AFP) recently announced that it will be making video clips of its news stories available as ring tones for mobile handsets.
The agency has teamed with Vringo, a provider of video ringtone sharing solutions, to integrate the clips into Vringo's video ringtone service. The collaboration allows users around the world to download selected AFP video clips in multiple languages onto their mobile handsets from the Vringo Web site. When a call is placed, the video clip appears on the recipient’s phone screen as a video ringtone. AFP content on a wide variety of topics will also be available to all Vringo users on the company’s Web site.
Gilles Tarot, marketing and sales director of AFP North America, said his company already makes video news clips available to mobile users, but decided to extend these in the form of ringtones, as they are “one of the newest and most personal ways of sharing information.”
With the AFP/Vringo alliance, Vringo subscribers can use their buddy lists to deliver two- to 10-second AFP video clips announcing the caller to the person being called or to identify an incoming caller. Users select their personal Vringo clips through their mobile handsets or online.
Vringo services are now available on a wide variety of mobile handsets, including devices made by Nokia, Motorola, Samsung and Sony Ericsson.


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On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that don’t want to sell their NFTs.
Nexo to Offer Loans for Bored Ape and Cryptopunks NFT Collateral
NFTs have become a big deal in 2021 and a billion-dollar industry almost overnight. Popular collections like the Bored Ape Yacht Club (BAYC), Cryptopunks, and Meebits have sold for hundreds of thousands and even millions of dollars per NFT. This week, the blockchain-based lending platform Nexo has revealed a lending desk dedicated to offering liquidity to NFT owners who use their NFTs as collateral.
On the company’s blog, Nexo explains that NFT owners can get “instant liquidity without having to sell your precious NFTs.” Right now the firm is accepting NFTs from two collections Bored Ape Yacht Club and Cryptopunks. In the future, Nexo says other collections will be added to the list of accepted NFTs. In terms of credit withdrawals, Nexo customers can withdraw stablecoins, ethereum (ETH), and other digital assets.
“Borrow up to 20% of the value of your BAYC or Cryptopunks without selling them,” Nexo says. “No Credit Checks [and] prompt loan approval without the hassle of credit scores and inquiries,” the lender notes. Nexo says the NFT lending process will be a “white-glove service,” and there are “no liquidations before maturity, even if the value of your NFT fluctuates during the course of the loan, you won’t get liquidated.”
Seeing how the NFT lending desk will be an over-the-counter (OTC) service, loan applicants need to fill out a specialized form. Essentially, an NFT owner would apply, fill out a form with their specific NFTs ID number, and then wait for a Nexo representative to contact them.
“Our NFT Lending Desk and art financing functionalities are just the beginning of Nexo’s NFT and metafi journey, with more investment-grade products, accessible, secure, and high-profit exposure to the NFT market coming to our product suite soon,” Nexo’s announcement concludes.
What do you think about Nexo launching an NFT lending desk dedicated to offering liquidity to BAYC and Cryptopunks NFT holders? Let us know what you think about this subject in the comments section below.
News, BAYC, Blockchain lender, Bored Ape Yacht Club (BAYC), cryptopunks, Liquidity, Loan for NFT, loans, Maturity, Nexo, Nexo lending, Nexo service, nft, NFT backed loans, NFT lending, NFT lending desk, NFT loans, NFTs, Non-fungible Token, OTC


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Integrated model works for consumers
A senior banker has spoken out about the benefits of an integrated business model, singling out dual financial planning/mortgage broking businesses in particular.
Lisa Claes, executive director of distribution at ING DIRECT, told ifa sister title The Adviser that diversified financial services businesses have greater growth prospects.
“Integrated businesses tend to work very well,” she said. “In the case of financial planning and mortgage broking, businesses that hold both licences tend to outgrow their referral-based competitors.”
Claes pointed to ING DIRECT data indicating that these integrated businesses are outperforming standalone businesses, partly accounted for by the fact that they are in line with consumer needs.
“Consumers are information rich and time poor,” she said. “In addition, they are commercially savvy enough to expect the person who they give their financial details to to be able to provide them with a range of financial services that can cater to all of their needs.”
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Don't expect to see the rumored Superman game from Rocksteady at San Diego Comic Con 2018.
A seemingly innocent baked good may have revealed what game the Batman: Arkham team is working on next.
Pick up some good games on the cheap with this week's PlayStation Store deals.
We could be getting a double dose of the Dark Knight this summer.
Head to the Xbox Store this week to grab great deals on Destiny: The Taken King and Borderlands: The Handsome Collection.
Feral Interactive's Mac and Linux ports of Batman: Arkham Knight have been canceled. "We are very sorry to confirm that Batman: Arkham Knight ...
The final selection of Batman: Arkham Knight DLC will be released later this week, developer Rocksteady has confirmed. The Season of Infamy ...


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A rumored standalone television set from Apple dubbed iTV continues to be the subject of tremendous speculation, with one analyst recently citing supply chain checks allegedly pointing to a 4K Ultra HD set being built by Apple’s manufacturing partner Foxconn and slated for an early-2014 launch.
Another analyst now joins the conversation with some pretty wild predictions, also based on – you guessed right – checks with Apple’s suppliers. Brian White of Topeka Capital Markets told one publication Wednesday that after meeting with Apple’s Asian suppliers he now sees some pretty wild stuff in the pipeline.
Specifically, Cupertino will be launching an Apple-branded television set later this year, White says, along with a motion controller of sorts called iRing and a secondary display…
The iTV, White speculates, could be priced between $1,500 and $2,500 and Apple should offer it in screen sizes ranging from 50 to 60 inches.
As for the iRing thingie, White calls it a “navigation pointer” of sorts which taps motion gestures. It’s apparently meant to replace some of the functionality found in a remote.
He’s also calling for a second-screen experience based on a “mini iTV” screen that measures 9.7 inches diagonally, the same as Apple’s full-size iPad. He went on further, claiming the secondary display won’t be an iPad replacement.
For all we know, White may have mistaken that secondary display for a dedicated iPad app. Be that as it may, the mini iTV could also be used for home security, phone calls, video conferencing and what not, he wrote.
AppleInsider relays White’s note to clients, which reads:
Essentially, we believe the mini iTV screens will be able to capture content from the 60-inch iTV across a distance of up to 200 meters, allowing a user to view iTV content in the kitchen, washroom, garage, bedroom, backyard, etc.
We believe Apple will offer one ‘mini iTV’ per iTV, but package options will include up to four screens (i.e., one screen is part of the standard package and pay extra for each additional.
It gets even better.
According to White, a purported Apple smartwatch will tie in to the iTV ecosystem and complement the iRing, basically “supplanting the need to carry a smartphone around the house.”
Furthermore, we believe iWatch will be an important part of the iTV ecosystem, tapping into iTV services in a much more mobile friendly manner, complementing the iRing.
The interaction between iTV and making phone calls will be an important feature of this experience, while the iWatch and iRing will provide increased mobility around the home, supplanting the need to carry a smartphone around the house.
He’s also being told that iTV could be “subsidized by certain service providers to expand the market opportunity.”
This is just nuts, if you ask me. At this point, with so much conflicting data points floating around it’s difficult to separate the wheat from the chaff.
If Apple is indeed working on a television set, I’d imagine the device would have to adopt functions that either don’t exist today or are too cumbersome and difficult to use.
In that regard, a motion controller of some sort certainly sounds plausible – the secondary display as an iPad app even more so – but I just cannot picture Apple shipping a tiny controller worn on the ring finger.
It doesn’t get any wilder than this, no?
iRing concept renders courtesy of Yanko Design.


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That's getting in the holiday spirit?
Farrah Abraham was recently at the Hustler store in West Hollywood, and she was promoting her own personalized brand of sex toys.
She was Elsa from the movie Frozen.
[Image via Twitter.]
We're thinking this counts as a trick…
Several children contacted the Manchester police on Halloween evening after finding miniature plastic bags full of white powder in their candy bags.
They were immediately arrested for drug possession. Police say the unusual distribution was purely accidental.
Um, really? That's it? Just possession??
Really, it's one thing to choose drugs for yourself, but they endangered the lives of those poor kids through their complete and utter stupidity!
Should they have been charged with more? What do U think?
[Image via Don Scarborough/Wikimedia Commons.]


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(Filed Under wholesale Men's Underwear News). This June, Tom Patterson moved his business, Tommy John, from San Diego to the more "fashion forward" metropolis of Los Angeles. All 10 of Tommy John's styles, falling under the Second Skin collection and retailing from $24 to $39 in sizes S through XL, are manufactured out of Los Angeles.
Launched in April, Second Skin includes six styles under the underwear category and four outerwear styles. Offered in shades of black and white, underwear styles include a low-rise boxer brief and a low-rise underwear brief, as well as crew neck, tank top, deep V-neck and long-sleeve undershirts. The underwear is made from MicroModal and Lycra and includes the patent-pending Tailored Stretch Technology, featuring stretch fabric, a tailored cut design and a long length, which Patterson reported sets them apart from other men's undershirts on the market.
"Most undershirts are cut like a box, which gives men a fake love-handle look. They also don't stay tucked in," he said. "Our undershirts solve those problems."
Patterson described the typical Second Skin customer as ranging in age from 25 to 50. This fall, the company plans to add shades of heather grey and royal blue to the underwear. Currently found in specialty boutiques nationwide including Mesh in San Diego, Calif., Envy Collection in Oklahoma City, Okla. and Marty Mathis in Minneapolis, Minn., the collection will launch in early August at Neiman Marcus.
"We've had four reorders so far," Marty Mathis, owner of the men's store Marty Mathis, commented. "The nice thing about Tommy John is the shirts have a longer cut and they don't pop up under the regular shirt. We've been selling them to a lot of physically fit and tall clients."
Patterson, currently the sole full-time employee of the company, began it one year ago as an Internet site, and began running it full-time six months ago. He was inspired by his own frustration with men's undershirts, and found through talks with department store clerks, friends and co-workers that he was not the only one.
He reported that, since launching Second Skin, sales have risen 40 percent per month, and the company has experienced an 80 percent reorder rate. He believes that, by fulfilling an un-met need, Tommy John has been somewhat immune to the recession.
In other news, this fall Patterson plans on adding six new sales positions.
For further information, contact Patterson at (800) 708-3490.
Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.
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Ralph Gilles indicates that a diesel SRT could be in the cards, as well as a road-going version of the Dart Rallycross car.
Diesel and performance may have once seemed like contradictory terms, but these days the performance arms of numerous automakers have been looking at diesels. Audi's Quattro GmbH recently debuted an SQ5 with a turbodiesel, BMW's M division has tuned out a series of diesels... even Mercedes has toyed with the idea of an oil-burning AMG. And now it seems that SRT could be preparing to do the same. The report stems from Twitter, where Chrysler design chief and SRT boss Ralph Gilles turned to his 4,000 followers.
Gilles also asked the legions of tweeting enthusiasts what model they'd like to see fitted with an SRT-fettled diesel the most. While the notions of a performance diesel Ram truck was touted, as was a diesel Dart (which would likely borrow an oil-burning engine from Fiat Powertrain Technologies), the more likely scenario would see a diesel SRT Jeep Grand Cherokee hit the street. So don't hold your breath for a diesel Viper. Jeep already offers a diesel Grand Cherokee in Europe and will soon market it in the United States, but a performance-oriented diesel sounds particularly intriguing.
While he was at it, Gilles also hinted at the possibility of making an extreme road-going version of the Dart racer which Travis Pastrana drives in the Global Rallycross Championship. This development may be in addition to the "regular" SRT version already said to be in the works. In other words, things aren't about to slow down at SRT any time soon.


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The reviews are in.
And according to major automotive media there are a number of luxury cars coming on the market currently or in the near future that are so good they are worth waiting for.
They each have something special that sets them apart from previous generations of cars, something that makes them worth the wait.
Also read: ‘Best of’ Cars to Buy Arriving in 2022
So, we thought we’d take a closer look at these future luxury models to see what the fuss is about.
2024 Aston Martin Vanquish
According to Car & Driver the next Vanquish from Aston Martin is a mid-engine supercar that will “define dream machines of the moment.” Starting at $300,000 the Vanquish should arrive in 2023.And Aston Martin is already the stuff of dreams – just ask James Bond. The British company is known for building luxurious high-performing sports cars with engines in the front. But now a mid-engine future is coming right up. And that future is included in the new Vanquish. Many believe the 2024 Vanquish will share its basic layout with the same generation of Valhalla and Valkyrie supercars. But it won’t cost millions of dollars and it won’t be limited in production numbers. That’s exciting news! The Vanquish will feature a new hybrid V-8 powertrain. And that new engine will now be located behind the driver. Aston Martin says it plans to introduce three mid-engine models, which include the next generation of the Vanquish. Moreover, writers at Autocar confirm that the Vanquish will eschew the originally planned in-house V6 in favor of AMG power. Specifically, it’ll switch to Affalterbach’s twin-turbo V8 installed in the larger high-performance German models. And Car & Driver predicts the Vanquish could have a roofless version. We’ll just have to wait and see!
Interested? Contact us to get on the list.
2024 BMW i8
Did you know that BMW is working on a follow-up to the plug-in-hybrid i8 halo car? What you can expect: A big increase in power, a longer all-electric driving range, new styling and details. Plus a new chassis. According to Car & Driver, “The i8 M—or whatever BMW decides to call its next-generation hybrid sports car—will be all-new for the 2024 model year. We expect to find out more as we get closer to the car’s on-sale date, which is predicted to be sometime in 2023 as a 2024 model.” It’s estimated to carry and MSRP of about $160,000 and C&D expects the “i8 M” to be offered in both a fixed-roof coupe body style as well as a ragtop roadster, similar to the current model’s lineup. Hot Cars adds: The BMW i8 M will be available as a coupe and a roadster, (which means) both front passengers will find the cabin quite comfortable.
Want to know more? Contact our BMW dealership.
2023 BMW XM
It’s fast and furious and pretty wild looking. In fact, it will sit above the X7 in the German automaker’s SUV lineup. And it will be offered only in the M model, according to media reports. The XM is expected to have a plug-in-hybrid powertrain with an impressive 750 horsepower. Starting at $125,000, the 2023 BMW XM will be all about performance. It’s a two-row crossover with what Car & Driver calls “sporting intentions and tuning by the brand’s vaunted M division.” It boasts and aggressive design that is sure to turn heads, including large kidney-shaped grille openings and stacked tailpipes. It’s powered by a 644-hp plug-in hybrid powertrain with a twin-turbocharged V-8. You can enjoy about 30 miles of electric-only driving with a fully charged battery. Expect power. Expect performance.
Have questions? Ask our team.
2023 Ferrari Purosangue
This is the Ferrari SUV everyone’s been talking about. For years. (First, they said it would never happen. And now it has). Purosangue is Italian for “thoroughbred.” Starting at $350,000 it will give you Ferrari power, performance and luxury with everything you’d expect of an SUV. Plenty of seating. Plenty of cargo space. Plenty of off-roading capability. “We never thought we’d see the day where a Ferrari SUV became a reality, but in the wake of successful high-dollar, high-performance sport-utes, the stage is set for the 2023 Ferrari Purosangue,” Car & Driver reported. “This news comes despite the company’s past messaging that an SUV has no place in the lineup. Expect to pay $350,000 for this incredible SUV. The Purosangue is expected to have either turbocharged V-8 or an even more powerful V-12 engine like that found in other Ferrari supercars. “All-wheel drive is a given, and we wouldn’t be surprised to see electrification in the form of a hybrid system either; Ferrari had a 950-hp, V-12 hybrid powertrain in its LaFerrari hypercar back in 2014.”
Want to get your hands on the Ferrari Purosangue? Contact our Ferrari dealerships.
2023 Land Rover Defender
The newest (and more compact) so-called “Defender 80” could be a more affordable version of this great Land Rover. British media has named it the 80 in light of the fact that Land Rover calls the two- and four-door Defenders the 90 and the 110, respectively. However, Land Rover has not confirmed that name. It will be smaller than the others, more affordable and of course very rugged. Expect it to start at $30,000.
Want to be first in line for the Land Rover Defender? Contact our Land Rover dealerships.


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KING Island is in shock after the sudden closure of its meat-processing plant.
The world's largest beef producer JB Swift, which owns the King Island Beef brand, yesterday took advantage of a seasonal stand-down to announce the Currie plant would close immediately, with the loss of 100 jobs.
The company walked away from a 15-year agreement signed with the State Government in 2009 that was to ensure the plant's future, making an early repayment on a $12 million loan.
Acting Premier Bryan Green said the decision was a "deep disappointment" and it would hit the island's 1600 residents hard.
There was no warning of JBS plans to close the abattoir.
The company blamed factors including high operating and utilities costs, freight costs and variable livestock supply for the plant's demise.
It said it was more expensive to move containers to and from King Island to Melbourne than to send a container to the international export market.
Local veterinarian and commercial Angus beef producer John Cleeland said the closure was a huge blow.
"We are at a loss as to know what to do. There are people walking about bewildered," Dr Cleeland said.
"With the Government loan, we thought it would secure the plant.
"We will now re-address what we are doing in our business."
He said the closure also threw doubt on the JBS Swift-owned King Island Beef program brand, which is supplied by the island's 140 beef producers.
The 100,000-strong cattle herd is about 20 per cent of Tasmania's total.
Mr Green said the Government's loan had been repaid in full by JBS Swift.
"The closure is undoubtedly a blow," he said.
"The Government has stood by King Islanders as we tried to keep the abattoir open and we will be there for them now."
King Island Mayor Greg Barratt had no warning the meat giant planned to close.
"I had not heard a thing until now," Cr Barratt said.
"This is a terrible shock and will prove to be a massive blow to the island."
Troy Baker, of the Australasian Meat Industry Employees Union, said he was meeting with the company and taking instructions from members.


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According to @evleaks, the Nexus program is essentially dead. According to information he has seen, there will be no Nexus 6. Instead, the rumored Android Silver program will become the future from Google, with arrival of the first devices happening in February of next year. One of the initial launch devices may be from LG as a device running a Qualcomm MSM8994, which is a next-level Snapdragon 810 with 64-bit architecture.
This isn’t the first time that we have heard about the end of the Nexus program as we know it – a report at the end of April said the same thing. That report mentioned that the Nexus line was indeed being killed off in favor of Android Silver, a program made up of high-end Android phones that have been hand-picked and heavily funded by Google, though still built by top tier manufacturers. LG and Motorola are thought to be some of the first to participate.
Google will apparently take Android Silver into carrier stores, something that hasn’t happened with the Nexus program. They may also pay for heavy marketing and development costs to get the program up and running. Android Silver devices will run near-stock Android, receive updates in a hurry, and become the premium line of Android devices.
The whole program sounds a lot like Google Play Edition phones, but with more backing and promotion from Google.
I can’t help but admit that I’m disappointed by this news. I have been in this game since the birth of the Nexus line, so to think that it will no longer be around is quite saddening. Year after year, the Nexus phones continue to rank high in our lists. Let’s hope Android Silver can somehow manage to bring the same high-end package of technology with Google’s vision of Android at an amazingly reasonable price.


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(Editor’s Note: This post originally appeared on Medium, Twitter co-founder Biz Stone and Evan Williams’ new publishing platform.)
Usually during Apple’s quarterly earnings calls, you have to read between the lines to guess what Apple’s really thinking. On Tuesday, all you had to do was read the actual lines, because Cupertino was remarkably candid for a change: there was no way that the Apple of 2013 could match the numbers of the Apple of 2012, but “new product categories” — like the iWatch — were going to blow the roof off the house in 2014. In the meantime, Apple needs investors to be patient… and they’re not above paying them off to make it happen.
Update: Guys, sadly, we’re having server issues that makes this impossible. Stay tuned for the front page for updates on the call as it happens.
In just a few hours, Apple will be hosting its Q2 2013 financial earnings call, and it’s bound to be an interesting call. It’s no secret that Wall Street is expecting a bloodbath, and is calling for Tim Cook’s head amongst fears of stagnating iPhone growth, but can Apple outperform the Street’s expectations?
Check out our summary of what to expect if you want to know more about the expectations going into this thing. Starting at 5PM Eastern/2PM Pacific, we’re going to be live blogging the call, so make sure to check back at this space then. We’ll be covering quotes and questions from the call, as well as posting our own live commentary. Hit the jump for our live blog, and make feel free to listen along if you want.
CNN Money polled 67 separate analysts, 39 pros and 28 indies, on their thoughts about Apple’s upcoming financial report, due on January 23rd. The consensus among them all is that Apple is most likely going to report the best quarter it has ever had. Ever.


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Chicago-based Garrett Popcorn Shops will drop the phrase “Chicago Mix” from its packaging after Candyland Inc., a St. Paul confectionery company, sued Garrett alleging trademark infringement.
Garrett was one of three companies named in separate lawsuits filed in August by Candyland over their use of “Chicago Mix” to describe a combination of butter, caramel and cheese-flavored popcorn.
Candyland trademarked the phrase “Chicago Mix” in 1992.
A Garrett spokesperson said Wednesday that the company will rename its product “Garrett Mix.”
“And this transition began prior to any lawsuit due to countless brands now using the Chicago Mix name on what Garrett Popcorn Shops feels is a product vastly inferior to ours,” the spokesperson said in an email.
Candyland owner Brenda Lamb said she is very pleased with the change and is hopeful the other two companies — Charlotte, N.C.-based Snyder’s-Lance and Waukegan, Ill.-based Cornfields — will also change their branding without going to court.
Lamb said she is already in settlement talks with Cornfields and is optimistic.
Representatives of Snyder’s-Lance and Cornfields could not be reached for comment.
Nick Woltman can be reached at 651-228-5189. Follow him on Twitter at @nickwoltman.


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Mark your calendars. We have confirmed the date and venue for Victoria’s (Canada’s?) first Social Media Camp. When: Sunday October 3, 2010 Where: Victoria Conference Centre Speakers: We are thrilled to announce the following confirmed speakers: Scott Stratten, @unmarketing, President, UnMarketing Dave Olsen, @daveohoots, Community Director, HootSuite Media, Inc. Jeff Ciecko, @CKGolfSolutions, Co-President, CK Golf Solutions
Author Archive for: cb
About Chris Burdge
Chris is the co-founder of Social Media Camp.
In 2009 Chris founded bWEST Interactive, an online marketing firm focused on helping companies grow their business via strategic online marketing.
In 2015 Chris founded SOHO Summit a series of 1-day conferences across British Columbia, for small business owners, entrepreneurs to connect, explore, network and do business.
Entries by Chris Burdge
Rob Cooper and company put on a great event last night that pulled in a fairly big crowd. Looking good as we prep for Social Media Camp. Date and venue to be announced shortly…