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Joan and Raymond Bittner have owned the Polish Art Center since 1973. She says Hamtramck can thrive without outside help. (Photos by Clarence Tabb Jr. / The Detroit News)
Joan Bittner is fervently optimistic. She knew good things would happen in Detroit, even if she expected them 40 years ago, and now she knows they’ll spill over into Hamtramck.
A few blocks up Joseph Campau Avenue at the pawn shops, they’re carrying guns.
Like Detroit, Hamtramck has an emergency manager, and the governor doesn’t appoint those as a bonus because things are going so well.
Unlike Detroit, it’s not bankrupt, and it doesn’t have the state and the auto companies pledging millions of dollars to smooth the rough patches.
At the gloriously colorful Polish Art Center, Bittner says the city doesn’t need any handouts, thanks.
At Mirage Jewelry, purveyor of watches, sunglasses, large crosses on chains and fireworks, Ray Hirmuz has a different outlook.
“Go find a couple of millionaires,” he says, “tell them to redo all these stores, and make it like it was.”
Like it was, in Hamtramck, can mean several things. Enveloped by Detroit, its population was 90 percent Polish by origin as recently as 1970.
Now something like three dozen languages are spoken in the schools. The city has mosques and Bengali restaurants. Customers and camera crews flock to the bakeries on Paczki Day, but nearby storefronts are empty.
“When I came in 2000,” says the owner of Mike’s Detroit Jewelry & Pawn Shop, “you couldn’t find an empty store to rent.”
Mike doesn’t want to give his last name, possibly because of the day last August when three armed robbers walked into the store and encountered armed employees. The two robbers who survived were arrested.
“The Rite Aid down the block just closed,” says Mike the greeter, no relation to Mike the owner. That would be a few blocks south, in a strip mall at Joseph Campau and Holbrook. “It’s so bad around here, you can’t believe it.”
Except where it isn’t.
Seeds of growth sprouting
No Dan Gilbert and no grand bargain, but the three-term mayor is opening an upscale vintage clothing store in a spot downtown that used to sell church hats.
The store is across and up from the Hamtramck Historical Museum, which is new; it opened last year in a department store that became a barber college and then a dollar store.
The museum is around the corner and a few hundred yards from the stunning St. Florian Parish, which is old; two of its three Sunday masses are still celebrated in Polish.
Joan and Raymond Bittner, both 64, were married at St. Florian in 1974. They rented an upstairs flat for $90, then bought a house they figured to keep for a few years and have been in for 35.
They bought the Polish Art Center from its founders in ’73. It sells folk art, holiday decorations, expertise and atmosphere to passers-by, collectors and even tour groups.
Raymond is half Polish by way of Scotland. Joan is mostly Scottish by way of Farmington Hills.
Her family thought she was dotty when they went into business, but she seized on the old ethnic festivals and some other signs of life in downtown Detroit and it gave her faith — and patience.
“We’ve done what people should do,” she says, marking their territory with their hearts and their feet.
She took classes in Polish. They serve on boards and commissions and committees.
They would welcome Dan Gilbert if he needed teapots or authentic Polish candies, but aren’t looking for some civic sugar daddy. They’re glad Detroit is finding stability, but aren’t following behind the Brinks truck hoping sacks of money will fall out.
“I don’t believe we’re entitled,” she says. “That’s called whining.”
But she does think Hamtramck is worthy, and she thinks Detroit will be the conduit for progress.
It’s exactly what she saw coming, four decades ago.


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Condo developer has growing appetite for Saladworks
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“We have incredible demographics here with health-conscious ladies,” said Stephen Schwanz, president and managing director of Franchise Capital Advisors in Scottsdale. He provided some consulting to Riggs during the franchising process.
“I think this will be a home run in Phoenix,” Schwanz said.
Saladworks was voted the No. 1 salad franchise by Entrepreneur magazine in 2009, 2010 and 2011, and one of the 10 best franchise deals by QSR magazine, according to the company’s website.
Because of the broad-based demographics with people moving here from all over the country, Phoenix has built a reputation as a strong market for testing new restaurant concepts.
“But there are way too many yogurt and cupcake places,” Riggs said. “People are looking for real food.”
Saladworks meals average between $6 and $7.50, he said. The salads have specific prices and are not based on weight.
Nor is it buffet-style like restaurants such as Sweet Tomatoes, which has a footprint in the Phoenix market.
Neither Riggs nor officials at Sweet Tomatoes, which owns 122 locations across the country, believe there is much of a crossover market between them, even though both specialize in salads.
“Sweet Tomatoes is very familiar with Saladworks. At this time we do not see Saladworks as direct competition in the Phoenix market because our restaurants reach a different audience,” said Sweet Tomatoes representative Tracy Marks.
The Sweet Tomatoes customer, she said, is looking for an all-you-care-to-eat dining experience for a fixed price.
Matt Milinovich, a partner with Strategic Retail Group, said the retail brokerage community is well aware of Saladworks coming into the market. His company has helped numerous fast-casual restaurants find locations in the Valley, including Five Guys Burger and Fries, Paradise Bakery and Jimmy John’s Gourmet Sandwiches.
Jan Buchholz covers commercial and residential real estate, construction, architecture and transportation.
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Lidl is offering shoppers the chance to try reindeer meat in the run up to Christmas. Animal rights groups have made their displeasure known, but would you try it?
Musician calls on politicians and the British public to commit to a weekly meat-free day to raise awareness on the environmental impacts of eating meat, ahead of the UN climate summit on Tuesday
Chris Elliott led an inquiry into last year's saga and says problems remain with proper control of UK food supply chain
Greenhouse gases caused by meat production will go up 80% if meat and dairy consumption continues to rise, according to a new report. Would you ration your consumption to help meet global emissions targets?
A tapeworm transmitted from pigs to humans is a leading cause of epilepsy, but researchers say a game can prevent it
David Mitchell: An old-fashioned act of butchery, in the shape of lamp chops, woke me up to that fact that we need some risk in life


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A new policy plan by China’s State Council encourages the wider adoption of e-CNY, as consumer tech companies open their platforms to the sovereign digital currency.
Home Cryptocurrency China woos new digital yuan users in major push
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Google is retiring Google Reader, as part of a second round of spring cleaning that is also seeing the demise of Google Building Maker, Google Cloud Connect, Snapseed Desktop for Mac and Windows, and CalDav API, among other services.
Google Reader was launched in 2005, and will be shut down this July. The service has a loyal fan following, but usage has declined over the years, says Google. If you want to export your data, you can use Google Takeout to download a copy.
Google is ending support for the Google Voice App for Blackberry. If you are a Blackberry user, and want Google Voice, try Google’s HTML5 app. Google is also deprecating its Search API for Shopping, which enabled developers to create shopping apps based on Google’s Product Search data.
Google first started spring cleaning in 2011, when it shut down Google Wave, Knol, and Google Gears. Since then the company has closed 70 features or services in an effort to streamline its portfolio.
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Rainfall in Northern Europe has reversed and is again forecast in France, Poland and northern Germany, creating additional quality concerns and slowing harvest progress.
Farmers who sold grain through a range of Gleadell pools during the past 12 months have received significant premiums over open-market prices, topping out with an £18/t premium for feed wheat in the final quarter.
What is believed to be the UK’s biggest bagged seed store will come on stream this harvest at Dunns’ headquarters at Long Sutton, Lincolnshire.
Farmers belonging to Gleadell’s Weetabix Growers Club could soon be sending more high quality wheat to the Northamptonshire-based cereal manufacturer.
© 2014 Gleadell Agriculture Ltd
Lindsey House, Hemswell Cliff,
Telephone: 01427 421200
Fax: 01427 421230


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It's rare that you hear about a recall that hasn't happened yet, but that's currently the situation regarding a component made by automotive parts supplier Denso.
This company, which supplies several different auto manufacturers, announced last month the recall of a low-pressure fuel pump installed in more than two million vehicles. This week, it added 1.5 million more units to that list for a total of 3.53 million potentially affected vehicles. Denso is a subsidiary of Toyota, so we can certainly expect recalls affecting that carmaker’s products. However, the fuel pump has also been sold to and used by Honda, Subaru, Mitsubishi and Ford.
At this time, we don’t know which models will be affected because once its part is sold, Denso doesn’t know which vehicles it will necessarily be used with. One thing that is known is that the vehicles that will eventually be recalled are 2013-to-2020 models.
Denso told the National Highway Traffic Safety Administration (NHTSA) that “an impeller in some low-pressure fuel pumps may become deformed under certain conditions, which could render the fuel pump inoperable”. Of course, if the problem occurs while the vehicle is in motion, the vehicle will cease to be fueled, which could result in a dangerous situation for the driver.
Denso says that those who own a vehicle equipped with the faulty pump will be notified by their manufacturer. A problem arises in the case of those who have purchased their vehicle second-hand, and who may not receive the information from carmakers.
In the U.S., consumers can go to the NHTSA website and enter their vehicle identification number to find out if their vehicle is affected. In Canada, it will be possible at some point to obtain that information from Transport Canada, but that’s not yet the case.
Since the recall is recent, not all information about the recall may be available online at the time of writing. Vehicle owners are encouraged to check back on a regular basis, and they can also ask their service centre to inspect the component.
There's no cause for vehicle owners to worry too much at this stage, but it is something to watch for.


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When it comes to tech investment, there’s no place like London. British firms won record-breaking investment in 2017, with London attracting more venture capital than the next nine European cities put together.
Home to the UK headquarters of major players including Apple, Amazon, Google, Alibaba, Expedia and more, it is perhaps no surprise that London rakes in greater investment than Paris, Berlin, Amsterdam and every other European city. However, new data shows that 2017 was almost twice as successful as the previous year, with UK companies attracting £2.99bn last year compared to £1.63bn in 2016.
The Capital, with its burgeoning Silicon Roundabout area in the east, has been central to Britain’s international investment since time immemorial. Tech firms in London raised £2.45bn in 2017 – around 80% of the UK’s total venture capital that year. Contributing to 2017’s record-breaking figure were deals including a £391m Series B investment into Improbable, a £364m injection for Deliveroo and a £255m boost for Truphone.
Fintech attracted the most tech-based investment, as UK companies in this sector acquired an unprecedented £1.34bn in total. Unsurprisingly, over 90% of this investment went to London firms. Standouts of the year include TransferWise, which secured £211m, Circle (£82m) and the much talked-about Monzo (£71m).
“Today’s record investment figures are further proof that London is the undisputed tech capital of Europe and I am committed to ensuring we take over from Silicon Valley as the world’s leading tech hub,” said Mayor of London, Sadiq Khan, “Technology entrepreneurs and businesses are attracted to our great city for its diverse talent pool and unique business ecosystem and I am determined that London remains open to investment and the best tech talent from all over the world.”
Analysis of new data has made it clear that Britain is the favourite destination for tech investment in Europe. UK firms attracted just shy of four times more investment capital in 2017 than Germany and more than France, Sweden and Ireland combined.
It was a strong year for AI as well, with more than twice the 2016 levels of funding raised by the nation’s capital. Forward-thinking firms such as Babylon Health, Callsign and Starship Technologies (receiving £47.56m, £26.92m and £13.95m respectively) saw investment in London AI companies top the £200m mark. Similar success was seen across the UK as a whole, with a record figure of £488m reached in 2017 – leaving 2016’s grand total of £232m in the shade.
“Despite lingering Brexit woes, record breaking levels of investment continue to flow into the country, further illustrating Britain’s strength as a globally competitive tech hub” said Russ Shaw, founder of Tech London Advocates and Global Tech Advocates.
Google, Facebook and Amazon have continued to pledge strong financial commitment to Great Britain. After Brexit, Google confirmed it would establish its UK headquarters in King’s Cross, London, creating up to 3,000 jobs. In 2017, the web giant promised to build more of its data centres in the UK, following an identical move by AWS at the end of 2016. Facebook opened its public-facing ‘Innovation Lab’ in central London in December 2017, creating 800 jobs.
Data report from London & Partners.


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Resilient businesses toasted in St. John's Board of Trade awards show
ClearRisk, Colemans, PAL Airlines and St. John's International Women's Film Festival celebrated
In a year like no other, the St. John's Board of Trade stepped back from praising the city's best local businesses to celebrate those who have fought and survived a year defined by disease and a history-making blizzard.
"We couldn't count sales or revenues or judge who moved the most product because the circumstances were different," said St. John's Board of Trade's CEO AnnMare Boudreau on Wednesday.
Instead of the usual hardware, the board of trade launched what it called the Business Resilience Awards "so that we could measure business differently and keep pace with what our community needed and how our community was acting."
There was no gala, either. Rather than renting a hotel ballroom, the board of trade organized the event at a studio at Canadian AV and streamed to the group's members.
Physically distanced because of COVID-19, the event was a fitting way to honour businesses that had to change their way of doing things as well.
Awards were broken down into five categories: Opportunity Seeker, Boundary Pusher, Service Star, Community Champion and the Overall 2020 Resilience Award.
PAL Airlines took home the Opportunity Seeker award. The company, despite Snowmageddon in January, managed to add a new route in 2020.
"We saw that there was a gap in Atlantic Canada and that there was a great demand to connect Newfoundland with New Brunswick," said Janine Brown, PAL Airlines' director of business development and sales.
"That required a lot of hard work and dedication from a lot of people during a very challenging time."
Browne described the award as validation for the hard work staff that PAL staff have done to get through the pandemic.
PAL also added the Bombardier Q400 to its fleet.
"We're really excited about this — a 76-seat aircraft," said Browne. "This is going to make sure that we can meet the demands of Newfoundland, Labrador and eastern Canada, and be sure to fill any gaps that become available."
The St. John's International Women's Film Festival won the award for Boundary Pusher. The group began working in March to prepare for an event that always draws crowds together into a theatre.
"We're known for a big signature event in person connecting audiences with filmmakers and really being able to celebrate and showcase the city," said festival executive director Jenn Brown.
"We normally bring in, you know, 100 presenters alone for our forums and panels."
This year, the festival had to figure out how to get people to get involved without actually being together, which meant moving it online. A shift to online streaming allowed the festival to reach audiences outside St. John's and indeed well beyond provincial boundaries.
For the non-profit arts organization, being recognized by the board of trade was a victory itself.
"As soon as COVID hit, people are looking to the arts more than ever for entertainment, but also that sense of community and connection," said Brown. "That's something that's such a core value of ours and so important to our work."
Colemans wins pair of awards
St. John's risk management software company ClearRisk was given the Community Champion award.
CEO Craig Rowe thanked the board of trade for the award on Twitter.
We are proud to be recognized by @RBC @stjohnsbot as Community Champion of the 2020 RBC #BusinessResilience Awards. Launching our Pandemic Risk Management Solution & supporting local community sector organizations was our way of stepping up during challenging times. pic.twitter.com/4WppEfzlj7—@ClearRisk
Corner Brook-based Colemans walked away with two awards on Wednesday: the Service Star and Overall 2020 Resilience Award.
Sasha Persaud, the grocery chain's communications co-ordinator, said Colemans stepped up during Snowmageddon by paying its workers for shifts missed due to weather and then teamed up with local organizations to offer more access to food and donations.
When the pandemic hit, she said, staff quickly got to work to change how they did business.
"[We were] among the first to install plexiglass and have a dedicated shopping hour for our seniors, persons with disabilities and the immunocompromised," said Persaud.
Like many others, Colemans also offered online ordering and curbside pickups.
Receiving the honour is a big deal for Persaud and the company, she said.
"We can't express how amazing this award means this year, because of everything that we've gone through as a community. And because of that, we don't just accept on behalf of ourselves, but for everyone."


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In 2017, H&M reported that it would enter the online market in Australia, but it seldom arrived. Last week, the Swedish fast-fashion retailer is making its move online.
In an announcement from the Swedish retailer last week, it will be entering the online market by the end of the year.
In 2014, H&M entered the Australian market, opening its first store in Melbourne’s CBD. There are now 40 stores nationwide.
This digital transition aims to open a larger demographic and market share for the fast-fashion brand.
“We are extremely excited to launch online shopping in Australia this year,” Thomas Coellner, Chief of H&M Australia said. “This significant milestone will fully round out H&M Australia’s multi-channel offering.
“We look forward to providing 24/7 access to our fashion and creating new experiences for our customer.”
H&M’s shareholders criticised the retailer for opening more physical stores without ramping up its online presence, reported the Financial Times.
These changes in the market have resulted in the retailer opening fewer stores this year and the plan to revamp some of the stores as logistics hubs for online orders.
“We think the role of the stores will change,” explained Karl-Johan Persson, Chairman of H&M. “How can we use those stores even better as logistical hubs for deliveries, for pick-ups, for returns?”
This plan will not halt the opening of other stores, Persson continued. “We still believe in physical stores. “We want to make them more inspiring and easier to shop in, so we are running tests to make the stores more attractive.”
Further details of Australia’s online store to come.
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$CTL's operating revenue for 2015 fell by 1% from last year, primarily due to lower legacy services revenues, which slid by 6%. The fall in legacy services revenues reflects continuing loss of access lines and loss of long-distance revenues on displacement of traditional wireline telephone services by other competitive products and services.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.


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Best Buy’s silver lining: Its mobile business.
The big-box retailer’s saving grace has been its still humming mobile-devices business. But is it enough to save the company?
At least Best Buys still has its cell phone business.
On the heels of a disappointing quarterly report and today’s resignation of CEO Brian Dunn, it’s easy to think the entire company is doomed to follow in the steps of fallen electronic chains Circuit City and CompUSA. Yet its mobile devices business — cell phones in particular– has been impressively resilient during its recent troubles.
The cell phone business, which Best Buy has spent time and money building up, represents one of the rare bright spots in the company. Over time, Best Buy will likely be more heavily weighted towards the mobile business. Unfortunately, it may not be enough to save the entire company and offset the big declines in its other businesses.
When Best Buy reported its fiscal fourth-quarter results last month, most of its segments saw revenue declines, particularly a steep one in the entertainment category, as DVDs and Blu-ray discs took a big hit. But the computing and mobile phones segment posted growth of 7.6 percent in same-store sales over the previous month. By itself, the mobile phones business likely would have grown even faster.
That’s important because that unit makes up nearly 40 percent of the company’s total revenue for the month. The appliances business, which was the only other segment to show growth, only represents 5 percent of total revenue.


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Rosetta Stone rocks Google with trademark lawsuit
Rosetta Stone, maker of language-learning software, is joining a growing crowd of companies suing Google for letting third-parties buy permission to use other people's trademarks on AdWords.
Rosetta filed the lawsuit today in US District Court in Virginia, where the company is headquartered. The complaint fingers Google's recent change to its AdWords trademark policy that lets advertisers buy the right to trademarks in text ads even if they don't have approval from the actual trademark owner to use them.
The complaint alleges that the practice aids third parties in "hijacking" consumers and interferes with Rosetta's sales and business.
"Google's search engine is helping third parties mislead consumers and misappropriate Rosetta Stone trademarks by using them as 'keyword' triggers for paid advertisements and by using them within the text or title of paid advertisements," Michael Wu, Rosetta's general counsel said in a statement.
The company says it owns US-registered rights to terms such as "global traveler," "language library," "dynamic immersion," "adaptive recall," and "the fastest way to learn a language guaranteed." It also complains Google pawns terms that are "confusingly similar" to the Rosetta trademarks to third-parties and pirates on AdWords.
"In fact, many of Google's 'Sponsored Links' are expressly designed to draw consumers away from Rosetta Stone websites," the filing states.
Rosetta seeks injunctive relief to stop Google from selling its trademarks on AdWords, plus unspecified damages - including an amount sufficient to "conduct a corrective advertising campaign to dispel the effects of Google's wrongful conduct and confusing and misleading advertising."
Many other companies have filed suit against Google for the same policy, including American Airlines and Geico.
"It's completely normal for a supermarket to stock different brands of cereal on the same shelf or for a magazine to run Ford ads opposite of an article about Toyota, so it doesn't make sense to limit competition online by restricting the number of choices available to users," Google said in a previous statement about the AdWord controversy. ®
Rosetta stone? no prior art there then (OK that's more copywrite but you get the point).
American law, like American culture is all about money, if you have more then you are more, at least many UK 'nobs' have the decency to be posh and completely skint.
Anyone remember the company Mike Roe Soft, the bloke (called Mike Roe) who had a software company, and Microsoft couldn't stop him using the name in the UK? probably get the death sentence in the US.
If you're reading this, go back and read James Butler's comments.
Everything after that is redundant, including this comment.
Joe, this beer's for you.
I can say that without a TM for Budweiser can't I?
"In much the same way as they think "9/16 AF" is actually spelled "M10 and an air hammer with the torque limiter disabled"."
You nearly owe me a new keyboard for that one.


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Instagram has launched yet another update for its Android users. As of late, the Facebook-owned company has been on the task of releasing new features and updates for the world’s largest photo sharing application. Instagram has also revealed that it has become the second largest social media platform in the world by garnering 800million users, being just behind Facebook which boasts of 2.07billion users around the globe.
In its latest iteration, Instagram has rolled out a new update which brings two new functionalities with the version 184.108.40.206.33 alpha Android. The first update is related to the icon shape in the latest Android devices. Interestingly, Instagram despite being a big app hadn’t yet rolled out the adaptive icon update to its application on Android, meaning that no matter the icon format on a device the Instagram icon used to remain as a square. However, with this new update thing won’t stay the same, as now Instagram will adapt automatically to your icon layout as per your device settings. This update is slowly being pushed to the users so you might see it in a few days. If you want to update to the latest app right away, you can download the APK file from APK mirror.
Another report has come up from Australia, from Nine.com where the publication has brought to light yet another exciting update which will be part of the version 220.127.116.11.33. This new update appears in the ‘Settings’ section of Instagram, and it will allow its users to verify themselves on the platform. Instagram has also officially talked about this new feature with an Instagram spokesperson saying “This new feature will allow our community the opportunity to apply for verification themselves, and understand the process behind getting verified on Instagram. We believe opening up verification to the public will also work towards safeguarding our community."
Notably, the Instagram verifications feature has remained shrouded in mystery for quite some time now. With this new feature surfacing in the Settings menu, a lot of users based on notability, authenticity, uniqueness, and completeness will be able to obtain verification from Instagram which will bring the much known blue tick on their profiles. The confirmation will ask for Photo ID, full name and username from Instagram users to verify their profiles. As of now, the feature is only live in Australia for select users, and although there has been no official confirmation about a global rollout, the functionality is expected to follow in other countries in the coming weeks.


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Cashflow tips for ‘uncertain times’
The Imported Motor Vehicle Industry Association (VIA) is recommending members review and plan their cashflow and purchases after it was announced the Covid-19 lockdown will extend into a second week.
It also advises that businesses talk to suppliers, service providers and financial institutions as part of their cashflow planning.
VIA sent out an email alert to members within an hour of Prime Minister Jacinda Ardern extending the alert level four restrictions for the whole of New Zealand on August 23.
“With the uncertainty over Covid lockdowns, the need to continue stock purchasing and the increased cost of compliant vehicles, VIA recommends that purchasing and proper planning of your cashflow is vital,” it says.
“Talk to your suppliers and financiers to ensure your planning is robust for these uncertain times.”
Anyone with questions can contact VIA on 0800-842-842 or email firstname.lastname@example.org.


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MANCHESTERéS famous Kendals building has changed hands twice in a matter of hours in a deal which made é15m for tenant House of Fraser.
As revealed in the M.E.N earlier this week, the merry-go-round began when the buildingés long-standing owner Prudential put it on sale with a é41.3m price tag.
The hush hush property deal is believed to have attracted numerous investors, but House of Fraser emerged victorious after paying é45.2m for the building.
The department store chain then sold it on to an unnamed investor for é60m and signed a subsequent 35-year leaseback agreement for the property.
House of Fraser said it would use the surplus cash to pay down debt.
A spokesperson for the group said: éThe overall deal makes excellent business sense and will offer good return for shareholders. Despite a rental increase, the transaction is expected to be earnings-enhancing.é
The move is likely to signal new investment in the store to beat competition from Selfridges and Harvey Nichols.
The Kendals building was built in the 1930s. The grade II listed buildingés design was influenced by the architecture of 20th Century Germany.
In a statement Prudential said: éWith significant property holdings in Manchester, and an increasing investment in Manchester Arndale with the é150m extension currently underway, this sale rebalances the companyés retail property holdings in the city, and achieves a price reflecting the special value to House of Fraser of being able to purchase the property.é
Property investors have been pouring money into Manchester.
Office blocks and shops have been changing hands at increasing prices, as investors prefer to put money into bricks and mortar.


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Nearly 90 per cent of the world’s trade is carried by the global shipping industry. Without shipping, global cargo trade via imports and exports would essentially cripple nations and international markets. The sector was heavily hit by the Covid-pandemic disrupting global supply chains yielding a sharp increase in freight costs. This came with the partial
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After taking processes like sales, marketing, finance etc away from the manufacturing site, the company is now mulling on making this shift permanent.
The growing engagement of Chinese companies within India's burgeoning electronics and IT industry — worth nearly $22 billion, according to a recent study by industry chamber CII — has sounded alarm bells within the government, especially as it is felt that much of this can be used to gain unlawful access to critical information about individuals, businesses, and government set-ups.
"There are increasing concerns about the preparedness of the security apparatus, especially as there are fears that electronics, online trade platforms, and finished goods can be tapped into for procuring sensitive information," industry sources said. "Communication has already been sent to industry players for their views and assess their preparedness in protection of data and critical information." The Indian government's movement towards digitalisation of services and trade and the manifold increase in online transactions has also added to security concerns, which have reached the highest echelons of government.
Chinese companies have become almost a backbone to India's massive requirements in the manufacturing of electronics, especially when a large part of the critical components and finished goods are imported. These include components for products such as mobile phones, medical equipment, telecom network gear and devices and sensors linked to the Internet of Things (IoT). Also, major Chinese companies hold substantial stakes in some of the country's largest online marketplaces.
"Many of the devices transmit, or store, data back into Chinese servers, which could pose a security risk. Also, online transactions using many of these devices and platforms can be tracked back to Chinese servers, which can create security issues for the country at a time of heightened tension on the border," one source said.
India's large and uneasy trade imbalance with China is another trigger for the exercise. It is felt the government should focus, "and insist", on faster indigenisation to tackle the issue. India had a trade deficit of nearly $52 billion with China last fiscal, and the country is now seeking greater market access in the neighbouring country for its products and services.


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The concern over climate change has forced companies and consumers to find alternative sources of power.
Reducing the carbon footprint seems like the best option, but it can be tricky to achieve.
Owning a car that is powered by electricity is an attempt to reduce carbon footprint, but that does not mean that the elements that make up the car are 100 percent environmentally-friendly.
Professor Peter Bellin, chair of the department of environmental and occupational health, said the batteries of an electric car use nickel and other metals. Their extraction can have environmental consequences along with the batteries used in traditional vehicles using lead-acid batteries.
Tesla motors introduced the Roadster, which is a two-seat sports car that runs entirely on electricity. Owner advisor Kassie Wapniarski, of a Tesla Motors store in Westfield Topanga Mall in Canoga Park, said their cars are powered by lithium ion batteries.
According to an article by the Daily Mail, the demand for the third element in the world has skyrocketed. As efficient as the element is to power our electronics, obtaining it requires deep mining. In the same article, a delegation leader from Chile, Guillen Mo Gonzalez, said that like any mining process it is invasive, it scars the landscape, destroys the water and pollutes the earth and local wells.
In addition, most components of a car are made from steel, plastic, aluminum, rubber and glass. The making of these elements must be processed in a factory that emits greenhouse gasses. Both traditional and electric cars use the same elements, thus having a negative effect on the environment.
Wapniarski acknowledged that owning an electric car does not mean the customer’s carbon footprint will be non-existent. In order for that to happen, she said that a customer would have to get solar power at home to charge their car because just being on an electric grid will use fossil fuels.
The source of energy simply shifted from a gas station to a power plant and they both run on fossil fuels. According to Bellin, power plants also release carbon dioxide and other pollutants.
Cars like the ones that Tesla Motors produce, can aid carbon footprint reduction. A traditional car that runs on fossil fuels will always emit greenhouse gasses to the environment whereas the electric car does not do so directly. If the power plant is run by clean energy, it would greatly reduce the detrimental effects on the planet.
As tricky as it might be to reduce carbon footprint via buying an electric car, there are alternatives to doing so more effectively.
“Reduce driving as much as possible, telecommute, use mass transit, carpool, and plan shopping trips,” Bellin said.
Walking or using a bike does not emit any pollutants into the air. Individuals are always encouraged to use these methods of transportation as much as possible, too.
Cotap.org is a website that lists more than 25 ways to reduce carbon footprint from driving, air travel, home energy and food.
Reducing energy consumption and fighting for cleaner energy sources are some of the best options as well.
“Advocate for policies that reduce energy consumption,” Bellin said. “Promote a political environment that will address climate change as the real threat it is. We need multiple voices on how to handle this problem, as a nation, we are ignoring this problem.”


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From 2021 to 2030, the global cryptocurrency market is expected to increase at a CAGR of 12.8 percent, from $1.49 billion in 2020 to $4.94 billion in 2030. The term “virtual currency” refers to cryptocurrency. It is a type of currency that solely exists in the digital realm and has no central issuing or regulatory authority. The transactions are authenticated using blockchain technology.
Each country in the European Union has its own cryptocurrency regulations. The majority of them have chosen a light-touch regulatory approach. In September of last year, the European Commission released draft laws titled “Markets in Crypto-Assets Regulation.” Cryptocurrencies will be treated as regulated financial instruments, according to the document. The proposal further stated that any entity holding, trading, offering brokerage services, or providing investment advice involving bitcoins will require prior clearance from regulators.
Users willing to bet on tokens that are a little more volatile are browsing around exchanges for offers while several of the top cryptocurrencies appear to be momentarily stabilising near all-time highs.
TabTrader, an Amsterdam-based startup, has cashed on this trend by creating a platform that aggregates prices and token availability from dozens of exchanges. While other systems allow users to compare token values across exchanges, most are designed for desktop use, whereas TabTrader has a strong mobile presence on iOS and Android.
The crypto trading startup TabTrader has raised a $5.8M Series A funding round led by BitMEX Ventures and it saw participation from Hashkey Capital, Spartan Capital, SGH Capital, SOSV, and Artesian Venture Partners.
The funds will be used to expand the company’s 20-person workforce and focus on global expansion, including the aggregation of decentralised crypto exchanges, beginning with Serum, Raydium, and Orca, all of which are situated in Solana.
TabTrader comes with a cross-exchange price alert feature, which notifies users when a certain token has gone over or below a specified value, and it is popular among users. While several exchanges have this feature built into their native apps, the dependability and customisability of these push alerts have been patchy.
BitMEX CEO Alexander Höptner stated, “TabTrader transforms the cryptocurrency trading experience by allowing traders to manage all of their exchange accounts from a single dashboard. We’re excited to assist TabTrader as they continue to empower their rapidly growing user base, as BitMEX and TabTrader have a similar aim of revolutionising the crypto space.”
“We started on mobile since our objective is to make investing accessible to everyone on the planet,” said Kirill Suslov, co-founder and CEO of TabTrader. “Future expansions will include a web-based version of the service, the integration of new decentralised exchanges, and the addition of asset classes including FX markets,” the company said in a press note.
When customers make a purchase through the app, the startup uses a Kayak-like approach, aggregating token prices and collecting rebate fees from exchanges. While customers may easily make purchases through connected exchanges by entering their wallet information into the app, the company assures that TabTrader never gets access to user funds.
TabTrader also makes money via a $12 monthly membership for a paid version, along with advertising and rebates.
TabTrader allows users to connect to numerous exchanges and make transactions from a single app, eliminating the need for several browser tabs or exchange apps. To monitor a portfolio, trade, or do chart analysis, the app supports over 34 exchanges (Binance, FTX, Huobi, Kraken, BitMEX, and others) with over 12,000 instruments.
Without any advertising, TabTrader claims to have garnered 400,000 active users. TabTrader is a mobile app that lets users trade Cryptocurrencies across different exchanges all in one place. Krill Suslov started the company, which is situated in Amsterdam.


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What’s that, Bunky? You say that when you went to the specialty liquor store to buy a bottle of Pappy Van Winkle 23 Year Old the clerk looked at you as if you had just asked where you could find a northern white rhino? And now you’re having a hard time even finding Maker’s Mark at your local grocers? Well, brace yourself for disheartening news for all of us who have ever spent a hard day slogging through the outback looking for game, with the thought of pulling the cork on a bottle of bourbon back at camp to give us consolation at the end of the day. America’s native spirit is in short supply. In fact, there are some brands that you cannot find anywhere, at any price.
To be sure, not all bourbons are scarce, and if you are not particularly finicky about what you pour into a snifter or on the rocks, you’ll be able to find some version of premium bourbon somewhere. But if you are looking for specifics–such as the aforementioned Pappy Van Winkle 23 Year Old, which normally sells for around $300 a bottle, be prepared to pay a premium, if you can find a bottle at all. The last one I know of went for over one thousand dollars. And even Maker’s Mark, which is one of the best bargains around, felt the wrath of its fans when it announced that it was going to cut the proof in order to meet demand. The backlash, as you might expect, was so furious that the folks at Maker’s backtracked and restored the original proof, which means, of course, that now there is less Maker’s to go around.
Of course, these aren’t the only two brands to feel the pressure and frustration of not having enough bourbon to meet demand. It is felt throughout the industry. In fact, just recently, when I visited Independent Stave Company, a Kentucky cooperage that’s been around since 1912 (and one of the few bourbon barrel making companies in America), I discovered the firm is now working to full capacity just to fill the orders it has and is not taking on any new clients. They are literally making all the barrels their workforce can produce, and the distilleries, likewise, are working 24/7, except in those areas where they must close on Sunday. At Wild Turkey, Master Distiller Jimmy Russell told me their workers alternate with six-day shifts, “…because we have to give them at least one day off.” Or to put it in another perspective, according to the Distilled Spirits Council of the United States, whiskey sales have increased 40 percent during the past decade. And the greatest acceleration has been in recent years.
So what’s behind this sudden thirst for a brown, barrel-aged liquid that has been around since the 1700s? For one thing, before the austerity movement among China’s elite, bourbon (it is redundant to say American bourbon, because this is the only country where it can be made) was one of the “in” drinks, and foreign demand had seriously started to cut into our supplies. Europe has now also caught the allure of sipping the hearty spirit of America. On a recent visit to Paris, where one would expect cognac to be the drink of choice, one of my French hosts proudly bought me a glass of “real American whiskey,” a snifter of rare 126.6 proof William Larue Weller Kentucky Straight Bourbon. One more coveted bottle for Europe, one less coveted bottle for America.
But overseas demand has only intensified the fact that our own country has suddenly been discovering what has been here all along. Chalk it up to the craft cocktail movement or to new generations tiring of vodka and scotch and looking for something heavier, meatier, or perhaps, figuratively closer to home. Yet ironically, during the 1990s, bourbon sales had slumped due to lack of demand, having been pushed to the back seat by the rise in single malt scotch. As a result, bourbon distillers started cutting back on their production, putting less whiskey into barrels for aging. Now scotch sales are down and bourbon consumption is soaring, to such an extent that a recent Vinexpo-commissioned survey predicts a 19.3 percent global increase in bourbon sales over the next five years.
Needless to say, the past slowdown in the number of barrels being aged has finally caught up with the bourbon industry and the distillers find they simply don’t have enough aged spirit in their rick houses to fill the increased demand. After all, by law, a spirit has to be at least four years old to be called bourbon, and some of the
better brands are much older than that. Knob Creek, for example, is nine years old and even Jim Beam’s powerhouse Bookers, which is bottled unfiltered, straight from the cask, is aged from six to eight years. And aging is not something that can be artificially enhanced; it takes 21 years to make a bottle of 21 Year Old Elijah Craig. Plus, the bourbon shortage has been exacerbated by a barrel shortage, because, again by law, bourbon must be aged in new charred white oak barrels. That means the barrels cannot be reused for bourbon (although they have found a ready home in Scotland for aging scotch whisky). Thus, there is now a growing oak shortage, which is the only wood that can be used for bourbon barrels.
So where will it all end? Well, in time the clear spirits that are currently slumbering in new, charred oak barrels, where they are gradually turning into the amber-brown potable that is so much in demand, will eventually meet the master distiller’s exacting criteria for flavor and will be bottled, and eventually the shortage will subside, perhaps in conjunction with a fickle public’s attention shifting to another spirit. Thus, the bourbons we crave will once again gradually become obtainable. But for now, we simply have to cope with the shortage, opting for internet sources and perhaps driving to a different store or even another state to locate that certain American spirit. As for me, if I can’t find the bourbon I want, I’m looking for a bottle of single malt scotch.– Richard Carleton Hacker


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Zopo Mobile enters Indian smartphone market; launches Speed 7 at Rs 12,999
After Xiaomi, Oppo and several other Chinese vendors, Zopo has entered the Indian smartphone market. The company has introduced a new smartphone dubbed the Zopo Speed 7 at a price of Rs 12,999 and will be exclusively available via Snapdeal from the first week of September. Zopo has launched the smartphone in collaboration with Adcom which will sell, market and service its phones in India.
In terms of specifications, the smartphone features a 5-inch HD display with a 1920 X 1080 resolution. It is powered by a 64-bit octa-core MT6753 SoC clocked at 1.5GHz along with 3GB RAM. It includes an internal storage of 16GB.
The device runs Android 5.1 Lollipop with the Z UI on top. It is equipped with a 13.2MP rear camera and is backed by a 2500 mAh battery. Additionally, it has features like 4G LTE, Dual SIM and Face Beauty 4.0.
Commenting on the launch, Kevin Xu, CEO, ZOPO Mobile said, “ZOPO has been building a steady and reliable reputation as one of the best Chinese phone producers in the last few years. The goal has always been clear in the path towards globalization; to expand our market reach. India is a logical and imperative step in this journey to success. Chinese smartphone brands have been enjoying a 97% YOY share of the market (second quarter CY 2015) and we wish to tap this ripe consumer base with the best of our products. We have been continuously working towards the expansion of our global footprint and ZOPO is actively pursuing its goal to enter and leave a mark in the extremely enticing Indian market.”


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Samsung i8510 INNOV8 mobile hits Europe in August: Video
Speaking earlier of Samsung and their surpassing the 150 million handsets sold in the US, brings us to another Samsung mobile phone by way of a press release at Symbian.com about the Samsung i8510 INNOV8 smartphone.
The press release heralds the Samsung i8510 INNOV8 mobile phone which is billed as the ultimate entertainment mobile based presumably on its 8 megapixel camera with auto-focus, image stabilisation and flash.
The Samsung INNOV8 (cool name by the way, Innovate for those that didn’t get it) runs on Symbian OS v9.3, is a sleek slider design with a 2.8 inch QVGA display.
Other features adorning the Samsung i8510 INNOV8 are the ability to record QVGA video at 120 fps and VGA-resolution video at up to 30 fps, along with a full video editing suite.
The INNOV8 is S60 powered quad-band GSM 850/900/1800/1900MHz, and dual-band UMTS/HSDPA, and there’s also WiFi, FM radio, 3D surround sound, and standard 3.5 mm audio port.
The Samsung i8510 INNOV8 will hit European stores sometime in August; however as yet there is no word on pricing. Video of the Samsung i8510 INNOV8 below.


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Mortal Kombat 11 has been announced in spectacular fashion at The Game Awards 2018.
Ed Boon took the stage during The Game Awards 2018 to announce the Best Racing Game award. However, in beautiful Ed Boon fashion, he punked everyone and instead showed a surprise reveal trailer for Mortal Kombat 11!!
The new, albeit lengthy, trailer shows an intense, gruesome fight between Raiden and Scorpion. I’m sure the trailer is a strong nod towards what we can expect from the gameplay. The MKX trailer was a similar representation of what gameplay would eventually be.
Check out the incredible trailer for Mortal Kombat 11 below:
Warner Bros. who’ll be publishing Mortal Kombat 11 has revealed that the game will make its first gameplay debut at Mortal Kombat 11: The Reveal which will take place at 11AM PST on January 17, 2019. The Reveal will be live-streamed globally over on NetherRealm’s Twitch channel and is set to be a community celebration of all things Mortal Kombat.
The event will also include the first opportunity for hands-on with Mortal Kombat 11 gameplay, tournaments and other Mortal Kombat themed activities.


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A California jury has awarded $81 million to a man who claimed his cancer was caused by exposure to Bayer's (BAYRY) Roundup weed killer, marking another legal setback for the company, according to published reports.
The federal court jury awarded $5.9 million in compensatory damages and $75 million in punitive damages after it determined the company failed to warn the plaintiff of the widely-used herbicide's cancer risk and had acted negligently, Reuters reported.
Last week the jury found that Roundup was a substantial factor in causing the victim's cancer, setting the stage for the second trial to determine damages.
Bayer bought Roundup maker Monsanto last year in a $63 billion deal.
The company faces more than 10,000 lawsuits from people claiming Roundup caused their cancer.
Bayer is expected to report earnings of 65 cents a share on sales of $14.4 billion on Apr. 25, based on a FactSet survey of 5 analysts. In the same period a year ago the company posted earnings of 67 cents a share on sales of $10.9 billion.
Bayer American depositary receipts fell 20 cents, or 1.25% to $15.82 during regular trading Wednesday.
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Scientific Games Corporation has deepened its cooperation alongside the Nederlandse Loterij after adding sports betting to its instant games partnership.
The long-time partner of the US gaming tech firm, the lottery has upgraded its offering with an agreement that covers the supplier’s managed trading services and access to Scientific Games’ full pre-match, in-play and risk management services.
Maurice Meijer, chief technology officer for Nederlandse Loterij, said: “Moving onto Scientific Games’ sports betting platform was important to us, as we strive to offer our customers the best experience with Nederlandse Loterij and its brands every day.
“We are very content with the smooth go-live process, due to the close cooperation of both of our teams. Since enhancing our offering, we’ve received strong customer feedback welcoming the new user interface. Scientific Games are an important partner for us, as we look to grow our customer base.”
Currently providing sports solutions to 24 lotteries worldwide, Scientific Games states that it “was among the first” to receive WLA certification as a responsible gaming supplier, and the first supplier member of the Global Lottery Monitoring System.
Keith O’Loughlin, SVP sportsbook, digital at Scientific Games, explained: “Credit to the teams across Nederlandse Loterij and our in-house development teams. National and state lotteries are increasingly looking for best-in-class, high performance technology and services. More than that, they are asking for demonstrable regulated market expertise.
“Nederlandse Loterij is a valued customer of ours and we’re delighted that our sports betting technology will sit at the core of their player experiences. We anticipated the pace of regulatory change across the globe through enhanced software development and hardware deployment at scale and at speed.
“A strategic decision that has become the foundation for our accelerated digital expansion. In the last eight weeks we have launched six sportsbooks across the globe for leading brands in our major regulated markets. Demand has driven a total transformation in our ability to deploy world class services at a pace and quality that are second to none.”


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Zain, cashU offer safe online shopping
Dubai, June 6, 2012
Zain Kuwait has partnered with leading secure online payment provider, cashU, to offer customers a quick and secure method to shop online without the hassle of credit cards.
Zain customers can purchase cashU refill coupons through the newly launched iCard service, a statement from the telecommunications company said.
The iCard services enable customers to shop online with cashU cards on entertainment, travel, gaming, communication and social-networking websites.
Using cashU prepaid cards, customers can also purchase iTunes enabling safe and efficient music downloads, the statement said.
Martin Waldenstrom, CEO, cashU, said: “CashU is the only fully integrated online payment service in the Middle East and as such we are always looking for strategic partnerships with telecommunications service providers to add value to our customer bases.”
“The iCard service offers a new exclusive mobile payment service that provides customers with the safest and easiest way to get cashU prepaid cards without the use of a credit card or K-Net (K-Net is a national company providing electronic banking services to all the banks in Kuwait).”
Payments require a card voucher which is ordered by SMS, the payment for which is done via the user’s mobile account balance. After sending a text, customers will receive a message asking them to choose the cashU card option. Once this is done, the customer receives a voucher number enabling them to shop online.
In 2011, 54 per cent of the total number of cashU transactions were from online gaming, with 34 per cent of cashU online gamers being under the age of 18, and don’t have access to credit cards.
Innovative services such as iCard target this age group and other customers who shy away from using their credit cards online fearing security issues, the statement said. – TradeArabia News Service
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In mid-March, IBM launched its World Wire global payment tool. Built on the Stellar network, World Wire is a blockchain-based payment service designed to allow participating banks to carry out money transfers and settlements internationally. The service enters a market where competing products from major players such as Ripple and JP Morgan have already gained traction—not to mention more decentralized blockchain options such as Bitcoin. What does IBM World Wire have to offer that’s not already provided by the existing blockchain-based options?
World Wire enters a scene where Ripple and JP Morgan Chase’s JPM Coin have already made serious inroads. As of January 2019, startup Ripple had already entered into more than 200 partnerships with major financial institutions to provide cross-border payment services. On the other hand, JPM Coin—backed by one of the most powerful names in the industry—also beat IBM to the market.
Moreover, there are barriers to success that affect all three companies equally. Elizabeth White of The White Company, a cryptocurrency solutions firm, points out what she sees as World Wire’s biggest obstacle: the nature of its intended clients. “The biggest barrier for something like World Wire to get off the ground is the traditional banking system and its resistance to innovation,” said White. “Large intentional banks have been using systems like SWIFT for decades and have whole ‘wire departments’ dedicated to processing transactions. While blockchain would significantly modernize, automate, secure and speed up the whole process, it would require retraining and reworking a bank's entire operations to implement.”
Still, World Wire could be the answer to many of the problems that have plagued the cryptocurrency space. The very characteristics that made cryptocurrency so attractive also made it a haven for fraudster and led to a call for a more regulated and controlled approach to blockchain.
In the end, widespread acceptance and use of World Wire over established systems like SWIFT may come down to education and understanding of blockchain’s potential. As White points out, “there is also some apprehension amongst many banking professionals about using ‘blockchain’ because sadly there are quite a few that still don't understand the technology and may even associate blockchain with money laundering, completely missing the significant anti-fraud prevention advantages of distributed ledger.” Overcoming these barriers may be the key to IBM’s success with its World Wire product.


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Google I/O is a developers conference which is held annually to showcase new technologies and updates that Google is working on. This year it was held at the Shoreline Amphitheatre. The CEO of Google, Sundar Pichai made a lot of announcements in this conference regarding new software, hardware and AI updates. Some of the important announcements are discussed below.
Android 8.0 – Google has released the second preview of Android 8.0 or simply known as Android O, the latest android update. The name of this latest version hasn’t been finalised yet. There are many amazing features that the users can enjoy. Some of the features are:
Snooze Notifications for a certain time
Custom Shortcuts in Lock Screen
Notification Channels for Apps
As of now, the beta version of Android O is available for download for Google Pixel and Nexus users. Android O is most likely to launch for public in mid August and September of this year.
Google Assistant now in iPhone – Previously, iPhone had only one virtual assistant named Siri. But now, Siri has got a competition. At the Google I/O developers conference, it was announced that Google Assistant is being made available as an independent application which the users can download from Apple App Store. The primary requirement is that the iPhones need to run on iOS 9.1 or higher versions for availing Google Assistant.
Visual Positioning Service (VPS) – One of the most important announcements made at the Google I/O developers conference is the announcement of a new technology named Visual Positioning Service or VPS. VPS has the same functionalities like a GPS, the difference is that while GPS helps in locating places all around the world, VPS is used for indoor navigation. VPS is useful in finding items we are looking for inside any room or a store. Using Tango AR (augmented reality) along with an audio interface and the application of Google Lens (another important update by Google), VPS can help visually impaired people to move from one place to another with ease.
Google Lens – Another exciting update at the Google I/O developers conference was the announcement of a new technology named Google Lens. With this technology, the smartphone camera will not just be a camera for clicking pictures and taking videos but much more than that. The smartphone camera will help in identifying the object on which the camera is being pointed. For example, Google Lens can help in showing relevant information and reviews of any store at which the camera is being pointed at. Google Lens can also be used to translate different languages when we use the camera and hold in front of any word. Google Lens is going to be added in Google Assistant and users can launch Google Lens through clicking a button on the Google Assistant app.
Launch of Three Pixel Phones – Google has confirmed the launch of second generation Pixel and Pixel XL, the upgraded version of the Pixel series launched in the previous year. But there has been a lot of speculation and rumours that a third and maybe a bigger smartphone is going to be launched by Google this year. Codenamed Taimen, this smartphone is speculated to be a phablet device with the screen size bigger than that of Pixel XL.
Virtual Reality Headset – Google has collaborated with HTC and Lenovo to create a virtual reality headset using Daydream VR platform. This standalone VR headset provides excellent graphics and movement tracking without the need to be wired to a desktop or laptop or any other external devices like smartphones
These are some of the important announcements made this year at the Google I/O Developers Conference. If these updates are implemented, it will definitely prove to be more valuable to the users.


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Bella Thorne's Boyfriend Defends Her Against Rob Lowe After Mudslide Tweet
Fashion.ie features Fashion news, Irish fashion news, entertainment news, Celebrity news, Online shopping and Irish fashion. Thorne tweeted an apology saying she didn't know why the 101 was shut down and to get home safely.
"The company plans to hire 50 young professionals with the average age of 25 years for Akash Ambani to lead", Mint quoted a person familiar with the development at Reliance Jio as saying.
The company also plans to develop blockchain applications such as smart contracts and supply chain management logistics. The Information that is Held on the Block-Chain that through an Shared Database which Can be Accessed on a Real-time Basis. This data is stored on the cloud instead of storing on physical servers.
"One (application) is cryptocurrency".
India woos foreign cos with new norms
The move should generate employment and give Indian consumers access to several worldwide brands. Earlier also 100 per cent FDI was allowed in the segment, but it required government approval.
With Jio 4G network available across the country and over 160 Mn user base, the company is also experimenting with IoT and AI to determine how these technologies can help boost the entire Reliance offerings. The person, however, said all of this was "in proposal stage".
Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.
Millions of people started investing in cryptocurrency and making money in it. However, the legal status of cryptocurrency has not had a clear vision in India as the RBI and Finance Minister Arun Jaitley had issued warnings against the cryptocurrency use.
Pep Guardiola Breaks Record, Wins 4 Straight EPL Manager Of The Month
I think the fact that the game is in Anfield does give Liverpool a slight advantage. If I was my players I wouldn't want my manager talking about other things".
Recently it was reported that many Indian Bitcoin exchanges have been facing difficulties with INR withdrawals as Indian banks had been blocking payments and withdrawals by bitcoin exchanges. The ministry added that cryptocurrencies don't have any intrinsic value and they are not legal tender in India. On Thursday, Bitcoin dropped as much as 12% to $12,801, its most reduced since Christmas day, as South Korea's equity serve repeated his proposition to boycott nearby digital currency trades, Bloomberg revealed.


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Though it is still more than a year away from production, expect Infiniti to deliver some eye-popping numbers when the new Q60 coupe makes its debut in time for the 2017 model-year.
Though final testing is far from complete, sources say the goal is to take on such tough competitors as the BMW 435 and Audi S5, and that means something “in the neighborhood” of 400 horsepower, according to a well-placed source.
Infiniti offered a very clear sense of what it has coming when it pulled the covers off a Q60 concept vehicle at the North American International Auto Show in Detroit last month. The maker billed it as a “foreshadowing” of the two-door sports coupe that will replace what was original known as the old G37 model.
“The Q80 Inspiration was an indication of Infiniti’s future design language,” says Alfonso Albaisa, Infiniti Executive Design Director, referring to the concept for a flagship sedan shown at the Paris Motor Show last autumn. “The Q60 Concept is the next step in the journey.”
(Click Here for TheDetroitBureau.com’s complete coverage of the 2015 Chicago Auto Show.)
According to several Infiniti sources TheDetroitBureau.com has spoken to, the production coupe will get only the most subtle changes from the Q60 Concept. That means the 2017 model will adopt a low, wide, “road-hugging stance,” an appearance that the show car enhanced by 21-inch wheels – with their black, jet turbine blades — that fill up the entire wheel arch.
Inside, the sports coupe concept adopts a decidedly more upscale, hand-crafted look with the use of different complementary leathers, Alcantara and carbon fiber accents. “Genuine” sports seats increase rear legroom in a 2+2 layout, says Infiniti.
Along with the Q50 sedan, the Q60 coupe will serve as an icon of the brand. Together, they are expected to dominate the marque’s sales.
(Audi will offer laser headlights on the new 2016 R8 sports car. Click Here for more.)
To drive up the numbers, Infiniti planners know the new Q60 needs to be able to stare down some tough competition, and driving up performance will be part of the strategy.
Pushing into 400-hp territory would certainly help. To get there, Infiniti engineers are working with a new turbocharged 3.0-liter V-6 engine that bears only slight resemblance to the current Infiniti VQ V-6, insiders explain.
Contrary to some recent reports, the engine is being developed in-house and will not be sourced from Daimler AG. The parent of Mercedes-Benz is part of a growing alliance with Infiniti’s own parent, Nissan. A smaller four-cylinder engine used by both Mercedes and the Nissan family is being produced at the Nissan powertrain plant in Deckerd, Tennessee.
Infiniti, meanwhile, will use a version of a new small car platform for its upcoming Q30 and QX30 models.
One of the unanswered questions about the new Q60 – as well as the Q50 – is whether it will wear an Eau Rouge badge. That is the name of a high-performance line that the luxury maker was working on, aimed to compete with the likes of BMW’s M and Mercedes’ AMG. It was the pet project of Infiniti CEO Johan de Nysschen, but its future became murky when the executive departed for a job at Cadillac last year.
Despite some reports that the Japanese luxury maker has scrubbed Eau Rouge, Michael Bartsch, the head of Infiniti operations in the U.S., told TheDetroitBureau.com last month that no decision has yet been made.
“We still don’t have an answer on whether it’s a go or no-go,” he said during an interview at the North American International Auto Show in Detroit. “We’re waiting for Roland to find out how he feels about (Eau Rouge),” Bartsch added, referring to new Infiniti boss Roland Kruger.
A decision is likely to be made before the end of winter. But even if Eau Rouge goes away as a sub-brand, Infiniti officials insist they will continue to push for more performance out of the array of new models Infiniti has coming over the next few years.
(For more on plans for Eau Rouge, Click Here.)


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Guelph-based BIOREM Inc., designer and manufacturer of air pollution control systems, last week announced three new municipal orders from its China office. The three orders, totaling CAD $450,000 were all for wastewater odour control systems.
Biorem has been marketing its new XLD media in China which offers significant footprint and performance advantages over other biological odour removal medias. Acceptance of this new technology has been rapid and positions Biorem for growth in this market.
“These orders have taken us over our bookings target for the year in China,” says Peter Bruijns, president and CEO. “We are pleased with the acceptance of our technologies in China and look forward to the continued success as our Chinese organization matures.”
Watch for more news about Canadian water companies in China in the September/October of Canadian Water Treatment.


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UK factory output still in growth mode even amid supply chain pressures
Eurozone factory output rises at blistering pace in July
The board of Meggitt, the FTSE 250 engineering company, has unanimously recommended that shareholders accept the 800p-per-share takeover offer from Parker Hannifin.
The offer is at a 71% premium to Meggitt’s closing share price on Friday. Meggitt’s share price surged 60% to 750p at the start of trading on Monday as investors reacted to the news.
As part of the deal Parker has made a number of legally binding contractual commitments to the government to protect Meggitt’s operations.
These include keeping Meggitt’s headquarters in the UK, maintaining headcount in its research and development, product engineering and manufacturing operations, ensuring most of the company’s board are UK nationals, and increasing R&D expenditure by a fifth over the next five years.
You can read the full story here:


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LifeSource holding spring food fair May 14
LifeSource Natural Foods celebrates spring on May 14 with its annual Spring Food Fair from 11 a.m. to 4 p.m.
The store will have free samples, organic vegetarian barbecue, lots of plants and everything in the store will be on sale for 20 percent off (excludes special orders, senior discounts and super savers.).
The store is at 2649 Commercial St. SE. For information, call 503-361-7973.


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- Lending apps are especially popular in developing countries such as for example Nigeria, Asia and Kenya
- The epicenter is Kenya, where an explosion in mobile financing and government that is little has made Bing the arbiter of which apps customers can select
In August, Google announced a crackdown that is global Android apps that provide short-term loans, saying it wished to protect customers from exactly what it called “deceptive and exploitative" terms.
But five months later, payday-style applications providing quick cash for one or fourteen days continue to be no problem finding in several countries on Bing Enjoy, the company’s marketplace for Android os apps. Some cost interest levels that will surpass 200% annualized.
Lending apps are especially popular in developing countries such as for example Nigeria, Asia and Kenya, where thousands of people don’t have actually bank accounts or bank cards but do have mobile phones. The epicenter is Kenya, where an explosion in mobile financing and government that is little has effortlessly made Bing the arbiter of which apps customers can 12 cash central decide.
Inspite of the ban on loans which have become paid back in less than 61 times, numerous apps available through the Bing Enjoy shop are selling reduced terms to Kenyans. Some loan providers be seemingly ignoring the guideline, hoping Bing, a unit of Alphabet Inc., does not notice. But there’s also confusion about or perhaps a policy actually forbids short-term financing.
Dan Jackson, A google spokesman, declined to spell out why lending that is short-term continue to be showcased. “When violations are observed, we do something, " he stated in a declaration.


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We reported a few days back that Microsoft and SAP were buddying up in the database space (as a footnote to a broader story).
Now the two companies have joined forces to release "Duet," software that will allow SAP's business applications to connect with Microsoft Outlook:
Duet, the result of a yearlong development project between the software vendors, will be aimed at large companies that want to tie business data from SAP's accounting, human resources, and inventory software systems to Microsoft's Outlook E-mail program. The companies are promising that Duet will later be able to funnel data to other Microsoft Office apps including Excel. Duet, formerly code-named "Mendocino," will be sold by both Microsoft and SAP, as well as by the companies' channel partners.
Microsoft client-access licenses for Duet--required for each PC running the software--will carry a list price of $125, says Chris Caren, a general manager in Microsoft's Office business applications group. Companies will also need licenses for MySAP ERP 2004, Microsoft Office 2003 Professional Edition or higher, Windows Server, and Exchange Server for each Duet user. Add-on software due later this year will let companies run Duet with upcoming versions of MySAP and Office that the vendors are developing.
For Microsoft, this could be a win in two areas. One, joining up with a large name like SAP can't hurt if it's done right and only reinforces Outlook's entrenched position in the businesses world, not to mention other Microsoft Office products that appear to be coming in Duet as well. The second area is upgrades. Ah, the upgrade... the lifeblood of any software company. Duet, oddly enough, only supports the most current version of Outlook. Any businesses who want to take advantage of Duet will need to crack open their wallets if they don't already run the most current version.
Will this joint venture fold after a few performances? Only time will tell, but my bet is we're looking at the debut of a talented new act with staying power.


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On Wednesday, in New York City, the chair British novelist and film producer J.K. Rowling sat on while writing the first two books of the Harry Potter series was put on a public sale for $394,000. Heritage Auctions stated that an unidentified private collector made the winning bid of the modest, 1930s-era oak chair.
The Heritage Auctions claimed the J.K. Rowling chair was sold for $517,812, taxes included. According to the Associated Press, the chair was auctioned before, once by Rowling herself in 2002, when it fetched $21,000, all of which went to a charity. It was also auctioned on eBay in 2009 where it brought $29,000. The bid was almost 14 times the price when it last auctioned in 2009.
According to Page Six, Gerald Gray of Worsley, England who acted as the chair’s seller, said that the winning offer far exceeded his expectations. Reportedly, Gray was the eBay buyer.
With such great turnout, the seller announced that proceeds will be given to the author’s charity. “I plan to donate 10 percent to J.K. Rowling’s charity, Lumos, for the reason, that’s what she did in the first place,” he said.
The 50-year-old screenwriter and author used the chair to write “Harry Potter and the Philosopher’s Stone” and “Harry Potter and the Chamber of Secrets,” which were published in 1997 and 1998. The chair is engraved with “Gryffindor.”
“I wrote Harry Potter in this chair,” the author said.
The chair was sold with an original typed and signed letter from the author, which was penned before the first auction.
“Dear new-owner-of-my-chair. I was given four mismatched dining room chairs in 1995 and this was the comfiest one, which is why it ended up stationed permanently in front of my typewriter, supporting me while I typed out ‘Harry Potter and the Philosopher’s Stone’ and ‘Harry Potter and the Chamber of Secrets,” the note reads.
“My nostalgic side is quite sad to let the chair go, but my back isn’t,” the note added.
The chair has a mundane history but it became so popular along with the author.
“It was given to her with a group of chairs and this was the most comfortable,” James Gannon, director of rare books at Heritage Auctions, told Reuters. “She says in her letter that she parked it in front of her typewriter and it stayed there.”
Read Also: Paul Walker’s Death Not Porsche’s Fault?


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MILAN, May 8 (Class Editori) – When it comes to increasing its turnover, Ferrari can count on the Chinese mainland - together with Hong Kong and Taiwan – and on the 353 billion in sales earned on its market. The company managed to register a growth up 79% during this year's first quarter alone – even against the backdrop of the Chinese car production continuously losing points.
After debuting on the market in 1992 through the delivery of a 348 TS model, in China Ferrari has become a standalone, even in the context of luxury products. Since then, the waiting list on orders has been nothing but full, and it seems like they should be able to tap into much unused potential. In particular given the low amount of super rich people and of market penetration compared against other Pacific countries, requesting 353 cars, or against the EU and the Middle East, with their 1,209 Ferrari purchased (+10%) and one third of China's population.
In 2018 Ferrari sold 685 cars in China (+7% against the year before), making it the group's third market in the world, tailing after the UK (981 cars, +10%) and Germany (803). Yet if this first quarter’s trend is to hold out, the People's Republic could be jumping at the top of the chart.
During this first quarter, Ferrari sold a total of 2,610 cars, up 22% against last year's sales, garnering a 940-million net turnover (+13.1%) and a 311-million-euro adjusted EBITDA (+14.1%). Thus its margins reached 33.1%, setting a new record, considering car producers tend to place more importance on fixed investments.
"Our waiting list on orders is quite full for the first few months of 2019," said last April Louis Carrey Camilleri, CEO of Ferrari. Yesterday, as he produced the group’s quarters accounts to the analysts, Camilleri managed to remind everyone of China’s strong game.
After all, Ferrari’s fans don’t seem to mind all the grief coming from Formula 1 – as their favorite car lost once more against Mercedes on the Shanghai track. Nor did the mishaps seem to have affected sales.
Starting this May 22nd, Ferrari China will be recalling 524 vehicles due to faulty doors and reported fire risks. According to China's State Administration for market regulation (SAIC), the interested cars include 167 imported units of GTC4Lusso and GTC4Lusso T models, produced between 13th July 2016 and 6th December 2018.
The problem with these 167 vehicles lies in their locking systems, as it sometimes stops from opening the car doors using their outside handles. As for the other 357 units, they include GTC4Lusso, GTC4Lusso T, 488 GTB, 488 Spider, 488 Pista and 812 Superfast imported models, all produced between 2nd November 2017 and 11th October 2018. These cars have been signaled for a fault in their fuel vapor separators, at risk of breaking and losing gases, thus increasing the vehicle’s chances of catching fire.
Ferrari will take action at its own expenses, replacing handles and locks on the doors and fixing the problem with the fuel vapor.
After all, the group has been organizing all kinds of initiatives since long, starting from the more spectacular ones, like shining red lights on the Oriental Pearl Tower in Shanghai – new China's monument to success – to the more practical, including driving courses for potential clients – in particular for their sons and daughters.
These courses are aimed at new drivers as well, since China's young and rich bachelors tend to get a brand-new Ferrari for their sweet eighteen. Yet, they also target over-50 businessmen, who may be wanting to celebrate their success by buying themselves a nice car, then looking for tailored courses which may be teaching them of all Ferrari's secrets.
Another feature highlighting the Chinese market, due to become the first in the world for Ferrari, is that there are no sales in the second-hand sector, as whoever buys a model becomes a collector themselves. Truly, owners in the rest of the world tend to sell out their car after three years on an average.
In order to have its brand well-known, Ferrari betted on art as well, collaborating with artist Lu Hao in the creation of a unique 599 GTB – painting its frame through a special technique, peculiar to Song dynasty's Ge Kiln porcelains. The vehicle was auctioned in Beijing, with the proceeds going into a three-year study program for young students enrolled at Tsinghua University in Shanghai.
In 2009 they also founded the Ferrari Owners Club China, which organizes events like the Ferrari Challenge – a 1,700 km mono-brand rally championship running along the old Silk Road, dedicated to Asia and to Ferrari's 70 years of activity.
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.


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See the original story in Japanese.
Municipal governments of Japan’s Fukuoka and Taiwan’s Taipei earlier this month signed an MoU (Memorandum of Understanding) on mutual support by Japanese and Taiwanese startups upon expanding their businesses to the respective markets. Fukuoka Mayor Soichiro Takashima visited the Taipei City Hall to sign the MoU with Taipei Mayor Ko Wen-je, which was followed by a joint press briefing.
Taipei City has established Taiwan Startup Hub and other incubation facilities to encourage entrepreneurship among the younger generation while Fukuoka City has set up several similar venues such as Startup Cafe (planned to be moved soon to the former Daimyo Elementary School site from the current Tenjin area premise in Fukuoka’s city center). Some of our readers may recall that Fukuoka City held a competition to choose Taiwanese startups to be invited to the former at Taiwan Startup Hub back in July of 2016. Mayor Takashima said that Fukuoka City has introduced these nine Taiwanese startups to a major Japanese department store and other firms through business collaboration and matchmaking opportunities like Fukuoka Startup Selection.
Along Mayor Takashima, startup founders and entrepreneurs from Fukuoka were participate in the MoU signing ceremony. Taipei City Mayor Ko said he wanted to invite them to the city’s brand new incubation hotspots such as Center for Innovation Taipei (CIT), Taipei Co-Space and digiBlock, which will be completed in Taipei Metro’s Yuanshan station neighborhood by the end of this year.
While Fukuoka City has unveiled what kind of support can be offered to Taiwanese startups in Japan through the partnership, the press briefing this time around unveiled how the Taipei City Government can help Japanese startups in Taiwan as follows:
- Offering overseas business expansion support by partnering of [email protected] and Fukuoka’s Startup Cafe.
- Offering financial support including grants to entrepreneurs to set up a business
- Offering support for exhibiting at events and conferences in Taipei
Edited by “Tex” Pomeroy


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Riding the wild success of its price-busting summer specials, Dollar, the fastest-growing car rental agency in the GCC, has announced three new facilities in the Emirates: the Hilton Dubai Creek, Sharjah International Airport and an extended facility at Dubai International Airport with a car drop-off area.
The company has increased its fleet size by 500 over the summer months, and plans to reach 3000 by December, meaning it will grab even more market share during the high tourist season in addition to its year-round base of business travellers, attracted by the price and reliability Dollar prides itself on. Its new line of luxury vehicles, with a 24-hour telephone booking service, means Dollar can reach more people than ever before.
'With more and more tourists arriving in Dubai weekly, and the positive prospects for Air Arabia in Sharjah, the sky is the limit for us. No other rental agency can offer the rates we offer, the sheer range of models, or - most importantly - the standard of customer service,' said Nayef Al Moosa, Director, Dollar Rent A Car.
The company also plans to open an outlet in Fujairah, set to become an international tourist destination in the coming years.
Fully-operational Dollar Rent A Car outlets can be found throughout Dubai on the Sheikh Zayed Road, Bur Dubai, Deira, Karama, Hamriyah Free Zone, the Green Community and at Dubai International Airport, Terminals 1 and 2. Dollar will also inaugurate new outlets in Qatar, Kuwait, Oman, Saudi Arabia and Jordan over the coming months.


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Shares of AMD have fallen behind baruchian Saveliev | 31.07.2019
The fall reduced the market capitalization of AMD by about $ 3 billion, lowering it to $34 billion.
On Wednesday, shares of the chipmaker fell about 7% during the morning trading. In General, the company meets analysts ‘ estimates for earnings per share and at the same time, she managed to surpass
expectations for income. Per share now, according to Refinitiv, accounted for 8 cents of profit, and the income instead of $1.52 billion were $1.53 billion
Despite the fact that compared to last quarter, AMD’s revenue increased by 20%, when compared with the same quarter last year we see a drop of 13%. But recall that in that year its shares
increased by more than 70%, and raised the company to second place in the index PHLX Semiconductor.
AMD said that the revenue from the unit “Computing and Graphics” decreased by 13% compared to last year and amounted to 940 million dollars. In her opinion, the decrease was due to weak sales
graphic channel, however, the improvement compared to the previous quarter the company has tied up with the growth in sales of graphics processors.
AMD’s revenue from the “Enterprise, Embedded and Semi-Custom” also decreased by 12% compared to the same period last year and amounted to $ 591 million for the quarter.
In the third quarter, the company expects revenue in the amount of $ 1.8 billion, plus the minute 50 million, below the $1.95 billion projected by analysts. Revision and lowering of the forecast on
to the CEO of AMD Lisa su, is associated with changes in the market of gaming consoles, which is now focused the interest of AMD.
The trade situation with China is the manufacturer of the chips concerned in the same way as the rest of the players of the semiconductor market. Madam su said that the loss of several Chinese customers brought
some difficulties in the second quarter, but AMD have great products in the second half, the company has good growth prospects.
Also, the manufacturer expects that sales of processors Ryzen, EPYC and Radeon will contribute to revenue growth this year.
the financial results of companies


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Friday, 3 September 2021, 19:20
Good news for the entrepreneurs and self-employed in Mijas. A meeting of councillors has approved the definitive rules for the Cometha Plan, the package of aid for retail trade, tourism companies, hotels and the self-employed worth 10.3 million euros that aims to strengthen the local economy and the activation of employment in the municipality.
As this newspaper reported a few months ago, the Cometha Plan is divided into two types of aid. On the one hand, there is the branch dedicated to employment, with aid worth 8.5 million euros; while the area dedicated to tourism has 1.8 million - in this case aimed at tourism companies.
The first line provides aid of up to 6,000 euros depending on the number of workers. The second will have grants of up to 50,000 euros depending on the type of tourist accommodation and up to 75,000 euros in the cases of a golf course, depending on the number of holes.
Among the main requirements that these grants include is that the turnover of companies and 'autónomos' corresponding to the first six months of 2021 has decreased by at least 30 per cent compared to that of the first six months of 2019.
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We are honoured to host his excellency, Dr William Samoei Ruto, at Aceleron Kenya office at the WEEE centre.
Kenya Operations Manager Joseph Mungai (right) pictured with Deputy President Ruto (left)
Aceleron was privileged to showcase our battery technology and suite of recycled lithium-ion products to Kenya's Deputy President his excellency William Ruto, who visited our workshop, together with other senior government officials. Ruto committed to further engage his team to find different ways in which Aceleron and WEEE centre can partner with various government departments to bring circular economy practices to the forefront of local product manufacturing.
This partnership would allow for better initiatives to increase the provision of affordable energy storage units in off-grid communities in Kenya.
We are thrilled to have been awarded the Data Centre World London ‘Environmental product of the year’ award!
With innovative businesses in mind, the Mayor of West Midlands visited Aceleron headquarters on 7th July 2021, to discover how we; as a start-up are revolutionising batteries for transport, industrial and residential use.


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India’s government was angered after Dr Mahathir alleged last month at the UN that India had 'invaded and occupied' Jammu and Kashmir and asked New Delhi to work with Pakistan to resolve the issue.
Bank Negara Malaysia says the reserves are enough to finance retained imports for 7.6 months
After report of slump in capital imports, lecturer warns that households and businesses could tighten their wallets.
The waning demand for capital goods suggests the nation’s economic growth will cool in the months ahead.
This follows complaint from a Mumbai-based trade body that rising shipments of refined palm oil have hit local refiners.
Indonesia's agriculture ministry sees the harvest failing in more areas than the 20,000 hectares already reported.
The healthier estimated export growth of 4% in May is partly due to the frontloading of shipments ahead of the Hari Raya festive holidays in June.
The former finance minister takes a swipe at his successor for claiming the positive export growth is an early sign of a robust second-quarter GDP growth.
He says the Sarawak Veterinary Services Department has issued a circular prohibiting such imports but state government is ignoring it.
Hoo Ke Ping says it is unlikely that the 9.4% fall in imports in February was due to the midweek Chinese New Year celebrations.
The international reserves as at March 15 are up from US$102.4 billion as at Feb 28.
As Europe is becoming more advanced, manufacturing industries in Europe must adapt to the changing economy.
Alibaba Group Holding is eyeing more Hollywood movies after the success of 'Green Book' at the Oscars and also expects more US exports into China.
Donald Trump is taking a jive with trade tariffs as he has repeatedly touted the tariffs imposed last year, most notably on US$250 billion in annual imports from China.
The effort is also part of a strategy to stop Trump from slapping damaging duties on car imports from Europe, a danger that has especially unnerved Berlin.
India's palm oil imports rose 17.3% in December even before announcement of cut in duty on Dec 31.
Officials in Beijing said the price of US rice is not competitive, that permitting imports should be interpreted as a goodwill gesture.
The 25% tariff imposed on vehicles as a tit-for-tat measure will be scrapped starting Jan 1.
A push by companies in the US and China for import substitution towards the rest of Asia is expected to benefit Malaysia in particular.
Deals for intelligence and high-end equipment were set to total US$16.46 billion while those for consumer electronics and home appliances were around US$4.33 billion.
Singapore has already seen exports ease this year.
The trade surplus in September jumped to RM15.3 billion, the biggest trade surplus recorded since October 2008.
With rising wages and low unemployment, Americans purchased more foreign-made telecommunications equipment, computers, mobile phones, aircraft engines, clothing and toys.
The world’s second largest economy halted purchases of US crude in August for the first time since September 2016.


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New round of market support
Culture and food service to be the first to benefit from package of gov’t offsetting measures
New government measures for offsetting the economic impact of the pandemic and giving support to businesses hurt by restrictions are on the way, probably coming next week.
The focus of the measures will mainly be on the sectors of culture and food service, with support concerning workers being put on furlough and a financial boost for affected enterprises, according to Finance Ministry sources.
The main criterion will be the comparative decline of turnover, as determined by the online transaction data collected by the ministry on a weekly basis. The same sources note there will be no horizontal interventions, but targeted ones, depending on turnover fluctuations. Therefore, the preferred course of action is to wait a few days to collect reliable figures on online transactions and have the measures shaped accordingly. The sources add that the measures will be related to the economic obligations coming up for businesses at the end of the month, so any decisions will be taken before that.
The sector of culture will definitely take center stage. Several theater plays, for example, have been canceled because actors have become ill or are in quarantine, so some support is certainly due.
However, in terms of size the food service sector is considerably bigger, with Development Minister Adonis Georgiadis already suggesting there will be financial support for it too.
“We must first see the actual impact on food service before deciding what kind of support will be granted,” a senior Finance Ministry official said.
The first measure will concern the suspension of contracts and the provision of a special-purpose compensation to a broader circle of businesses, beyond those already addressed a few days ago, i.e. bars, restaurants and nightclubs.
Also on the drawing board is another support tool for corporations, not in the form of state loans (as in the successful Deposit To Be Returned) but some form of grant instead.


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Adweek's annual #Brandweek summit will explore the ideas behind breakthrough successes, discuss solutions to pressing challenges and explore new opportunities in the Metaverse. Join leaders from Alo Yoga, Hyundai Motor America, Frito-Lay and more, Sept. 12–16 in Miami. Sign up early to save.
It's been an unusually active week in digital marketing stats, drawing interesting numbers from mobile-minded players like Apple and Pokemon Go to online marketplaces such as eBay and 99Designs. Check out the nine data points that caught our eye below.