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By John Richardson
STANDARD Western cost-per-tonne analysis has never really been applied in China’s petrochemicals industry – and it never will be applied.
In the past, we have seen how petrochemicals plants have often been run at operating rates of 100% or more, even in the lousiest of market conditions, in order to guarantee supplies of raw materials to downstream industries. This was about keeping blue collar workers employed in these downstream industries..
Now we have a new logic, which is based on the following:
- OK, we have hugely overbuilt capacities in many petrochemicals, including purified terephthalic acid (PTA) and polyvinyl chloride. But what is done is done. Even though we are rebalancing our economy, there are still very sound “social reasons” to keep these plants open. And in the case of PTA etc. many of our plants are very new and so have great economies of scale. So let the South Koreans, the Taiwanese, the Japanese and the Westerners shut down if they want to, as they have older plants.
- And as domestic economic growth slows down, we can increasingly export PTA and PVC etc. to earn more export dollars. This will, of course, help us compensate for lower growth at home.
- We also have all this installed capacity that can supply cheap, basic local raw materials to value-added downstream industries. This will help us keep costs down because, in reality, China is still a poor country. And so affordability is the key. We need to make local, branded refrigerators at $100 and smartphones at $299 rather than the Samsung price tag of $899.
Phenol is another petrochemical that provides us with an excellent example of this new logic.
China’s phenol capacity is set to rise from 1.5m tonnes/year in 2013 to 3.73m tonnes/year in 2017, according to ICIS Consulting (see the above chart).
But real consumption, which is adjusted for inventory distortions, will only rise from 1.7m tonnes in 2013 to 2.5m tonnes in 2017, adds ICIS Consulting.
In this excellent article on the short-term dynamics in China’s phenol market, by my ICIS pricing colleague Trisha Huang, you can read that three brand new phenol/acetone plants are due to come on-stream in China in the fourth quarter (phenol is co-produced with acetone).
These start-of-the art facilities include Shanghai Sinopec Mitsui’s new phenol/acetone plant at Caojing in Shanghai. It can produce 250,000 tonnes a year of phenol.
Trisha also highlights that surplus phenol is being increasingly exported.
And, of course, as local capacity builds, import opportunities have diminished.
The China Customs trade data show that:
- China’s phenol exports surged to 26,202 tonnes in January-July 2014 versus just 2,178 tonnes during the same period last year.
- Imports totalled only 127,973 tonnes in January-July this year. This compares with 248,874tonnes for the first seven months of 2013.
China’s strong growth in all overall exports in July and August was largely the result of a surge in “value added exports, such as smartphones,” according to ANZ China chief economist Liu Li-Gang.
Phenol is used to make bisphenol-A, which is then used to make the plastic, polycarbonate. Polycarbonate is a low cost way of making smartphones.
Ample and therefore cheap local phenol might already be an important part of China’s competitive advantage in the global smartphones business. If this isn’t already the case, this will surely happen.
- Total market share for China’s Huawei, Lenovo and Xiaomi jumped to 17% from 11% in Q2 2013.
- Xiaomi more than doubled its share to 5% from 2%, and become the world’s fifth largest supplier.
- The big loser is Samsung, down to 25% from 33%.
- Even Apple is slipped, down to 11% from 12%.
Anyone who thinks that excess petrochemicals supply in China will automatically shut down is deluding themselves.


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The latest Final Fantasy XIV live letter from the producer gave fans a final look at what’s coming in patch 6.3. The update is extensive, and the team had to cover a lot of information, so players know what to look forward to.
Final Fantasy XIV has become popular over the years, so much so that while Stranger Of Paradise’s Different Future DLC will mark the end of support for the game, FFXV will continue to be supported for the next ten years. With the release of the latest Endwalker expansion, Square Enix has been working to infuse more content into the game. Today, the company announced that Patch 6.3 would introduce a lot of new content to the game for fans to enjoy.
The release date is the first information almost always listed in the second part of Live Letters for patch updates. Patch 6.3 is coming on January 10th, 2023, and will be followed about two weeks later by a small update for minor tweaks and the new Ultimate featured in the last Live Letter and update trailer.
One prominent character shown during the Live Letter is Golbez, the main antagonist of FFIV, who appeared in FFXIV as a rival to the main cast. The trailer shows off the character of Zero and teases new raids players can do together.
Players can access a new main story quest in the latest patch along with Gods Level and Lands Tremble. Here, players will meet an expected ally and soon find an unforeseen threat blocking their path to Azdaja. Additionally, players can venture into a new dungeon called Lapis Manalis. In the dungeon, players venture into the mountains of Garlemald and find unexpected creatures.
In addition, there is plenty of other content for players, such as the new Trial, Systems, Alliance Raid Dungeon, and Deep Dungeon. In addition, players will enjoy additional improvements and quality-of-life benefits throughout the game, such as more mounts, minions, emotes, and housing updates.

domain: news


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Technology marketplace leaders have one main thing in prevalent: they are continuously gathering data and using analytics to produce better goods and services. These procedures are becoming ever more automated (known as “machine learning”), and are generally being used predominantly to target promoting and personalise a customer’s experience. Additionally, many tech market management are still fairly small firms, with a wonderful product and outstanding sales strategies. As a result, they are simply more likely to draw in investors and consumers.
The most recent elections crowned a new director, Joe Biden. This political election brought about a significant enhancements made on the politics climate. A new administration ensures that there will be even more government spending, which will make cyclical names a lot more attractive. The newest administration is usually expected to concentrate on a number of areas, including further support intended for municipalities and households. All of the changes in political landscape could also increase the risks just for the largest technical names. In addition , the dominance of technology companies in the marketplace has https://compucog.net/successful-modern-ceo brought open public scrutiny regarding the need for more powerful anti-trust laws and regulations.
While a brand new president means more administration spending, many of the leading tech companies are still in the early stages of their development and growth. While this is good news with regards to small businesses, they must stay competitive and impressive to remain effective. The energetic nature of your technology current market means that they must keep up with new technologies and trends in order to stay in advance. As a result, the risk of setbacks pertaining to large tech companies improved. Furthermore, raising public scrutiny has brought new competition in the tech industry and has led to a more packed market.


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How will global technology trends at CES 2018 impact your business?
From the 9th to the 12th of January, over 170,000 people and 3,900 companies, from more than 150 countries, descend on Las Vegas for the enormous technology trade show, CES 2018.
While its intention is to give companies a platform for presenting their latest innovations, it’s a good barometer for the direction that all things digital will take in the coming years.
The robots, drones and quirkier creations might grab the headlines but behind the talking toilets and robotic pillows, SMEs can get an indication of how technology might change the way they do business in the future.
You’d be forgiven for thinking that some of the more outlandish, wide-reaching or pricier tech trends that appear at CES aren’t likely to have much impact on small-to-medium businesses, but these broader trends give a genuine insight into the changing needs of consumers.
With this in mind, we’re going to take a look at the trends appearing at CES 2018 and how they might change the way companies interact and communicate with their customers and clients in an increasingly digital world.
Unleashed Technology: Wireless charging and convertibles
When it comes to the way that we interact with digital devices nowadays, mobility has been a key driver in their design and functionality.
There was a brief period when reducing the size of smartphones was a focus. Since they’re now essentially portable PCs, other factors are a lot more important.
Anyone who uses a mobile or tablet device on a regular basis will know that battery life can be massively frustrating. While wireless charging isn’t a new concept, most current chargers require a mat or surface to place the device on. The next phase is truly wireless charging, which would allow bursts of energy to be beamed through the air directly to devices.
Image source: Lenovo.com
Another trend relating to improved mobility was the proliferation of “convertibles”.
After Apple launched the iPad in 2009, you couldn’t move for similar tablet devices. These are being replaced with devices like the Lenovo X1 Yoga. It has a keyboard that, rather than detaching, folds behind the device when it’s in tablet mode.
In both cases, flexibility and mobility are key.
What does ‘Unleashed Technology’ mean to your business?
Basically, these device trends pose a significant impact on any business with a website.
It’s a clear indication that people are no longer tied to a desktop when searching for products and services. Any website that hasn’t been built with a responsive design is likely to lose out on potential customers. As the name suggests, responsive website design means that the layout of a site will respond and adapt according to the device that it’s being viewed on.
While it’s important to know that your website looks good on any device, there are other factors that make responsive design a must for businesses’ websites.
Google now prioritise mobile-friendly sites when someone searches on a mobile device. As a result, any websites that aren’t mobile-friendly won’t appear at the top of the search results.
Our advice: If your business doesn’t have a responsive website design, it needs one... and soon!
Intuitive Technology: AI, machine learning and voice activation
Everyone’s talking about artificial intelligence and machine learning but the sci-fi scaremongering of sentient robots taking over the workplace is covering up the genuine benefits that this is already bringing to the technology that we use every day.
For the most part, AI is being used as a marketing tool. Strictly speaking, devices with smarter processing and improved algorithms can’t really be described as having AI.
Despite this, at CES 2018 it was being used to describe everything from TVs and toilets to smartphones. If we’re going to be pedantic (and we are), many of the products at CES were actually using natural language processing (NLP) rather than AI. This is when software recognises objects in photos or human speech and can speak or write a reply.
Based on that description, you can see that tech like this is already here thanks to virtual assistants like Alexa, Siri, Google Assistant and Cortana.
With voice activation appearing in the vast majority of products on display in Vegas, you can expect to see this kind of functionality appearing in more devices on the High Street.
What does ‘Intuitive Technology’ mean to your business?
It’s all too easy to dismiss all of this talk about artificial intelligence as futuristic daydreaming that has little to do with the day-to-day running of a business. But there’s a fundamental element to this that is a lot simpler than voice activation and machine learning. People want answers.
The technology might mean that it can happen faster but ultimately, any consumer just wants to find an answer to their problem. So long as a company can offer that answer simply and quickly, a potential customer is more likely to want to do business with them.
Whether someone is looking for answers through a website, bespoke web application or on social media, businesses should ensure that it’s easy for them to find what they want.
Our advice: Get a clear understanding of your clients’ needs and create content that answers their questions. Then make it easy for them to find this content with a website design that focuses on user experience.
Integrated Technology: Smart cities and the Internet of Things
Finally, CES 2018 looked at two trends that, again, while no longer new, are getting closer to appearing in the mainstream world.
The concept of smart cities relates to architecture and infrastructure that can collect data. For example, lighting and heating systems that can monitor employee activity and use the data to alter the environment within a room based on its usage.
The Internet of Things has also been around for a while but it’s usually mentioned in respect to the latest internet-connected product (from fridges and mirrors to doorbells and toothbrushes) or the next piece of wearable technology.
Through the use of sensors, this also means that anything within the supply chain of a business can potentially be used to collect information. At CES, Panasonic showed one example where wine bottles could be fitted with sensors that tracked their own purchase data.
With cars becoming smarter (and perhaps, eventually, driving themselves), our homes filling up with interconnected gadgets and the ability to control more and more things through our mobile phones, the way that we interact with the companies that offer us their products and services is bound to change.
For us, the concepts of smart cities and IoT highlight two vital areas that businesses need to focus on; the importance of data and the significance of connectivity.
What does ‘Integrated Technology’ mean to your business?
While CES 2018 looked at the broader implications of entire communities becoming more connected, the same approach can be taken on a smaller scale in most if not all businesses.
When you break a company down into its constituent departments, systems and processes, you’ll start to see that there are probably a lot of disparate elements that aren’t quite as connected as they could be.
Improving the integration of any digital platforms that are being used could potentially improve efficiency and increase productivity.
By joining up the content management system of your website with your customer relationship management software, you can start to analyse data more effectively and improve customer service.
Whether it means developing a bespoke web application that makes it easier to collect and evaluate data or something as specific as an online booking system or eCommerce solution, connecting together the digital elements of a business can bring real and measurable benefits.
Our advice: Take a look at the digital platforms that your business uses. If they don’t all “talk” to each other, find a way to make that happen.
If you’d like to talk more about any of the technology trends that we’ve highlighted, give us a call.


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The last press release for Lancia was December 2014. There is no news of what Lancia is showing at Geneva this year at stand 5139.
But the fact they are listed among the exhibitors means that Lancia is still not quite dead. Qoros Automotive are also attending, by the way as are SKB Krattinger. They make equipment for garages. DTW promises to keep you informed of the most important news from this year’s Geneva Motor show as it occurs.


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Kristin Murphy, Deseret News
SALT LAKE CITY — Traditional retailers are battling for real-world dollars against their virtual reality competitors.
So far the Internet has an advantage, but if some lawmakers in Washington, D.C., have their way, consumers would start paying sales tax on purchases made over the Internet no matter where they live, impacting Utah companies such as Overstock.com, 1-800 Contacts, Backcountry.com and Ancestry.com.
Betsy Burton, who owns Salt Lake Citys The Kings English Bookshop, couldnt be happier.
Burton and others who manage traditional brick-and-mortar physical stores claim Internet sellers get an unfair advantage by selling their goods without collecting sales tax.
If an Internet company doesnt have to collect sales tax, then essentially, in Utah, were operating at a 10 percent disadvantage, Burton said. It isnt just the sales tax, its also the money we pay our accountant and other (associated collection expenses).
Each year, U.S. states generate sales tax revenue, money that funds public services, including roads and emergency responders. As more commerce moves online, state and federal government see web-based sales as an easy way to bring in more cash. This year, U.S. Sen. Dick Durbin (D-Ill.) and Rep. John Conyers (D-Mich.) introduced the Main Street Fairness Act, which would force states to collect taxes from online retailers. A Senate version of the bill is in the Senate Finance Committee. A House version has been referred to the Judiciary Committee. A timeline wont be announced until after Congress returns from recess on Sept. 6.
If a bill passes, that could mean losses for several Utah-headquartered companies.
Losses from not collecting state and local sales taxes from Internet purchases will expand from $8.6 billion in 2010 to $11.4 billion in 2012, according to a University of Tennessee study. For Utah, that would mean about $110 million in annual lost revenue. Last year, the state received $467,000 from 8,200 taxpayers who voluntarily reported sales tax they owed.
Overstock and Backcountry declined to comment on potential losses, but each said they would comply with the measure if it became law. Ancestry also declined to comment.
Any online retailer has to be flexible enough to think on its feet and adapt to the ever-changing e-commerce environment, said Marit Fischer, communications manager for Backcountry. If the tax passes, Backcountry will make whatever adjustments are necessary to remain competitive. The company is not forecasting any staffing cuts if the law changes, she added. At Backcounty, about 600 of its 700 employees work in Utah.
Level playing field
The brick and mortar guy just wants to be treated the same, said Scott Hymas, chief executive officer of R.C. Willey Home Furnishings. We dont mind competing against the Amazons or anybody, but it makes it very difficult when they dont have to collect sales tax.
The proposed legislation would level the playing field with Internet-based retailers, making physical stores more competitive, Hymas said. Tax the Internet guys, and then wed all be treated fairly, he said.
Without a tax, small businesses get hurt because they cant compete on price, said Danny Diaz, spokesman for the Virginia-based Alliance for Main Street Fairness. If the Main Street Fairness Act passes, traditional stores could see some relief, he said.
Based on a 1992 U.S. Supreme Court ruling, online retailers are not required to collect sales taxes on purchases made in states where they do not have a physical presence. That leads Overstock to charge customers living in Utah sales tax but not customers in Washington, D.C., for example.
Nobody over time can operate at such a disadvantage, said Burton, the bookstore owner. In the end, it will put all brick-and-mortars out of business and destroy our local economy in the process.
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nWay has released the official gameplay trailer for Power Rangers fighting game Power Rangers: Battle for the Grid featuring the game’s full base roster.
The trailer showcases the signature attacks of Goldar, Ranger Slayer, Mastodon Sentry, Kat, Magna Defender, Gia, Jason, Tommy, and Lord Drakkon, as well as the game’s real-time assist takeover mechanics, dynamic defense, juggle combos, and Megazord Ultras system.
Power Rangers: Battle for the Grid is due out for PlayStation 4, Xbox One, and Switch in April, followed by PC later in 2019. The standard edition will cost $19.99, while a Collector’s Edition including the Season One Pass (includes three new characters, their Arcade stories, and a new warrior skin) will cost $39.99. Pre-orders are available now on the PlayStation Store.
Watch the trailer below.


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Yandex and Sberbank (Russia’s state-owned bank), announced their plans to create “a leading e-commerce platform” through a Joint Venture, expanding on the Yandex.Market eCommerce marketplace.
According to their announcement, Sberbank will invest $500 million in the joint venture and that will value Yandex.Market at $1 billion post money. The two partners would own equal stakes in the joint venture (JV), with up to 10% of the shares allocated to a stock option plan for Yandex.Market’s management and employees.
Yandex.Market will continue to operate under the current management team led by CEO Maxim Grishakov. He will join the board of directors of Yandex.Market, which will also include three other representatives from Yandex and three representatives from Sberbank.
The Yandex.Market eCommerce platform market share used to dominate the Russian ecommerce marketplace but now struggles against Chinese AliExpress (Alibaba’s B2C subsidiary) and Avito.ru, the country’s first classifieds site that allows businesses to sell as well. Other big players include Ozon and Ulmart although many purchases happen from Chinese eCommerce websites such as JD.com.
Avito.ru’s 2016 total revenue is $192.5 million, up 75% from 2015. In October 2015 Naspers became the largest shareholder with a $1.2 billion investment, valuing the site at $2.7 billion.
Yandex.Market has increased its control of fulfillment and delivery operations. Two years ago the Yandex.Delivery service launched, aggregating offers from several eCommerce shipment services.
Now Yandex.Market intends to go even further: “We will build [our own] logistics and delivery system to aggregate goods in warehouses and offer the best delivery price conditions to our customers,” said Maxim Grishakov, CEO of Yandex.Market, in a recent interview.
Online sales in Russia in 2016 exceeded $26 billion, growing more than 20% year-on-year, $16 billion for physical goods and $10 billion for online travel. Yandex.Market has a monthly audience of over 20 million users and about 10 percent of the market.


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Women entrepreneurs can apply through June 22, 2022 for a chance to compete for a $10,000 investment to be awarded at Women’s Venture Summit
Business accelerator Stella opened its call for entries for its national Women’s Fast Pitch series, which will take place virtually every Tuesday in August beginning August 2, 2022. Sponsored by Cooley LLP and The Impact Seat Foundation, each week participants from a different United States region will pitch their business ventures in front of investors and members of the startup community. The winner from each region will advance to the national competition which will take place on Day Two of the ninth annual Women’s Venture Summit, held September 16 and 17, 2022. One winner will take home a $10,000 investment and approximately $30,000 in in-kind services.
The Women’s Venture Summit is a startup ecosystem with a pointed mission: to bring more venture capital to female founders and BIPOC-owned businesses. The Summit’s global impact has facilitated $72 million in funding to women-owned businesses so far.
“Women’s Fast Pitch is a venue for founders to gain exposure, support and potential investment from an audience of investors and advocates who recognize innovation and believe in growing the female economy,” says Stella CEO Raven O’Neal. “Through this event, we have championed hundreds of startups like Vaila, a lifestyle shoe retailer for women with extended shoe sizes, and Lilu, a pumping massage bra for nursing moms. These startups are creating creative solutions to improve women’s daily lives.”
Female founders, especially women of color, are eligible to apply for the Women’s Fast Pitch competition now. All applications will be reviewed by an independent panel of investors and innovation advocates. Up to five female founders will have the opportunity to pitch in front of a panel of investors at their regional WFP competition. Specific dates are listed below under each region. Competitions will take place at 3pm (local time).
Northeast – Aug 2
Southeast – Aug 9
Midwest – Aug 16
Northwest – Aug 23
Southwest – Aug 30
Criteria for the Women’s Fast Pitch competition includes:
- Female founder must have formed an entity by June 1, 2022
- The Company must not have raised over ten (10) million dollars in funding from combined funding source
- At least eighteen (18) years of age at the time of their submission of an entry (or teams of such individuals)
- Registered corporations, LLC, or sole proprietorship within the United States
- Must be majority woman-owned (51%, includes founders and investors)
Apply for the Stella Women’s Fast Pitch Competition here.
Entrepreneurs and investors are invited to watch the virtual pitch competition as it inspires and empowers female founders. Visit the WVS YouTube channel to re-watch the national Women’s Fast Pitch 2021 competitions.
Mark your calendar for the Women’s Venture Summit, held Sept. 16-17, 2022, and watch for early bird ticket availability by following @wearewvs on social media.
Founded in 2012, Stella connects women founders and investors to the right resource–at the right time–in their journeys. From ideation to funding to exit, women founders and investors look to Stella for its powerful constellation of support made up of an inclusive community, curriculum, access to capital events and an annual Women’s Venture Summit, advisory services and funding opportunities. Let’s connect the stars, together. For more information, please visit stella.co.
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Federal Judge Consuelo Marshall already dismissed in October last year all claims against individual member companies of the Corn Refiners Association (CRA) – including ADM, Cargill, Corn Products International, Tate & Lyle Ingredients Americas, among others – leaving the CRA as the only defendant.
However in March attorneys for the Sugar Association complained that individual companies were running away from the charges and were attempting to evade liability for their role in “the creation and sponsorship” of the CRA’s advertising campaign, which calls HFCS ‘corn sugar’ – a claim the sugar industry says is false advertising.
On Tuesday, Judge Marshall ruled that member companies would indeed have to face the charges.
She said in the ruling: “Plaintiffs allege with particularity facts for a false advertising claim against Member Companies ADM, Cargill, Corn Products, and Tate & Lyle.”
Responding to the decision, president of CRA Audrae Erickson said in a statement: “This ruling is solely about who is included in the lawsuit and has no bearing on the merits of the case which are about ensuring that consumers get the facts regarding high fructose corn syrup.”
The dispute began in 2010 when the CRA petitioned the FDA to allow ‘corn sugar’ as an alternative name for HFCS on food and beverage labels, on the grounds that many consumers (wrongly) believe that HFCS contains significantly more fructose and calories than sucrose.
It then followed up with its advertising campaign promoting ‘corn sugar’.
In May, the FDA rejected its petition to allow corn sugar as an alternative moniker on food labels, a decision that the CRA has argued should have no bearing on the current case.
“Our ultimate success will not only enable consumers to better understand the sugar content of their foods and beverages, it will send a powerful message to the Sugar Association and other business interests that you cannot stop consumer education as a means to stifle competition in the marketplace,” said Erickson.
Co-lead attorney for the sugar farmers, Adam Fox of Squire Sanders, called Tuesday’s ruling “an important win for all American consumers, as well as my clients.”
He said: “Judge Marshall’s ruling clears the way to allow this lawsuit to proceed so that we can assure an end to the false advertising and make the agribusiness giants behind it answer for their misconduct. We look forward to taking the next steps in this important case.”
No trial date has yet been set.


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U.S. meat and poultry production is headed for what researchers at the Rabobank International Food & Agribusiness Research and Advisory group anticipate to be a “precipitous fall” by mid-2012, according to a recently released report.
The group’s “Where’s the Beef?” report notes that drought in the U.S. is a major contributor to the production decline, but finds that global meat and poultry production is in the midst of a multi-year process of adjusting to higher and more volatile feed costs. Since the U.S. is a significant exporter of meat protein, the decline will also affect world markets as well as demand for feed, including corn. “The drastic decline in protein production we anticipate will be felt in a number of industries,” said David Nelson, global strategist with the Rabobank Food & Agribusiness Research and Advisory team. “We expect the decline will create concerns for everyone from foodservice operators to corn producers.”
The report delves into domestic and global consumption trends. Per-capita meat consumption in the U.S. appears to have peaked. The poultry industry, in particular, should no longer count on rising domestic demand as a means of growing its way out of over-production situations, according to the report. However, a rising GDP in the developing world is contributing to an increasing global for meat protein. “The greater global demand for meat protein is the key driver to rising feed costs, which in turn drive up the cost of raising animal protein,” said Nelson. “Global meat and poultry production continues to significantly lag GDP growth, which is, of course, the key factor behind rising prices.”
The report notes the U.S. broiler industry is suffering some of its worst-ever financial losses. The industry has expanded breast meat output at a time when demand has been softening due to the weak economy. Despite some cutbacks in bird production, the report predicts profits will remain under pressure into early 2012 as bird weights have provided a significant offset, and due to a large increase in breast meat inventory. Barring further market dislocation, the report authors believe that the industry can return to profitability some time next spring, but only if the more aggressive cutbacks that the researchers expect actually take place.
Swine is the bright spot in the report, according to the researchers. The report suggests that in 2012 hog prices could end up on average 10% higher than even the record levels seen in 2011. The current supply and demand situation for the U.S. pork industry is much more stable than for beef or poultry. Strong export demand (currently accounting for roughly 25% of output) coupled with solid domestic pricing has allowed producers and packers to weather the storm of rising feed costs. That said, the deterioration in U.S. crop conditions — leading to higher corn prices — has dampened the outlook a bit.


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New Delhi, Jun 13 () Food services major Jubilant FoodWorks plans to open 130-140 new Domino's Pizza outlets and around 20 new Dunkin' Donuts restaurants in the current fiscal to expand its footprints in the country. "Restaurant expansion continues to a core priority in order to expand reach..
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- A Dunkin' Donuts owner in Pakistan is offering free meals to Indian visitors
The owner of an American restaurant chain in Pakistan is offering free meals to any Indian visiting the country on a short-term visa, in a novel reaction to reports that a Pakistani family was refused accommodation by hotels in Mumbai.


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It’s that time of year again . . . Time for the New York Comic Con! Just what does Yen have in store this year, you ask? Plenty!
With the release of the first volume of Nightschool just around the corner, Svetlana Chmakova will be joining us at the Yen Booth on Saturday morning at 11 signing copies of Yen Plus!
And, as always, we’ve got a few brand new series to unveil at our panel, Saturday, February 7 from 1:45-2:45 p.m. in room 1A22. And maybe a few giveaways too . . . ?
All of us here at Yen Press look forward to seeing you this weekend! Be sure to stop by booth #1921 and say hello!


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Iconic British fashion model Twiggy is helping ADI highlight the cruelty of fur paraded on British catwalks during London Fashion Week.
Speaking about the unnecessary use of fur in the fashion industry, Twiggy says “Fur looks beautiful on animals, but very ugly on humans. Fur is literally ripped off animals backs and it can take many animals to make just one coat. The UK prides itself as a nation of animal lovers, so I am asking London Fashion Week to make an ethical choice and reject real fur.”
Around 50 million animals are killed around the world each year for their fur. Whilst fur farming is banned in the UK, the rising fur trend has fuelled UK demand. Over 40% of fur sold in the UK is from Finland, where ADI went undercover to reveal video and photographic evidence of the horrific conditions and cruelty on certified fur farms for ADI’s fur report ‘Bloody Harvest’.
Our investigation revealed the horrific conditions endured by animals during fur farming which included animals with open and infected wounds; obvious signs of untreated infection; eyes infected or missing; tails bitten off; deformed and damaged legs; overgrowing gum disease resulting in difficulty eating and drinking; babies with legs stuck through the mesh floor of the cage; dilapidated and dangerous caging and facilities; widespread animal suffering and neglect; empty, dirty and broken water bowls.
How you can help
If you see fur on sale, please take action – template letters for use can be downloaded here
Support our campaign against the use of fur here


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Funding scheme offering vouchers to household that recycle is only open to councils with weekly bin pick ups
Conscientious recyclers are to be rewarded with shopping vouchers and other incentives, under a scheme launched today by Communities Secretary Eric Pickles. A £5m fund has been set aside to help councils...
All the latest green business news from around the world
Labour announces major solar roll out plan for libraries and communities, as Lib Dems pledge £100bn to tackling 'climate emergency' and Greens propose Universal Basic Income
It's not just about growing more food and using fewer inputs - It's also about creating local, adaptive food systems that can withstand the effects of climate change
Having inked its first major US renewables deal, the fast food giant is now exploring to curb emissions from its thousands of franchises


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Is Apple taking its time trying to get the iPod touch 6th generation just right before its release date, or is it taking so long because Apple views the product as the iRunt of the litter? Those awaiting news of the new iPod touch 6 were shocked last month when Apple held its entire hour-plus press event with no word of its future. Such announcements have nearly always come alongside every other iPhone generation. The radio silence from Apple could mean one of a few things, impacting the direction of the product line.
First, the iPod touch could be on its way out. Apple only introduced it in 2007 in response to backlash from those who wanted an iPhone but weren’t willing or able to switch to its exclusive carrier, AT&T. With the iPhone now available on most carriers nationwide and many carriers worldwide, the original reason for the iTouch existing have faded in importance. But even amid no word of the iPod touch 6 generation, Apple still continues selling the iPod touch 5 in its stores. That suggests it’s less about killing the product and something else is going on instead.
One more plausible scenario is that Apple engineers were working overtime on the larger iPhone 6 and 6 Plus, and didn’t have time to get the revamped iPod touch 6 out the door alongside them. Apple could also be unsure about whether to make the new iTouch bigger or whether to keep it as its existing form factor, and wanted the extra time to gauge market response to the larger iPhones before making a decision.
Then there’s the theory that because the iPod touch is technically a micro-iPad, Apple may be holding off on its release date until the iPad media event on Thursday to debut the iPod touch 6th generation. It could even be rebranded as part of the iPad lineup, as Apple continues to phase out the thirteen year old iPod brand name. Those answers will come this week, unless Apple opts to keep quiet about the new iPod touch yet again – in which case all bets are off going forward and Apple may indeed be treating the product like the iRunt of its iLitter.


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Can all OTT platforms be a hit?
It is a well known fact that Over the Top Content platforms are growing and online video consumption in particular is growing at a rapid rate. Many reports indicate that OTT platforms are giving the traditional satellite driven television networks a run for their money, and are also disrupting the multiplex cinema viewing culture which had dominated the country for many years
But, are all OTT platforms capable of being successful, and economically viable. It takes a combination of many factors to be a well appreciated platform because the viewers are exposed to so much on the internet that their expectation benchmarks are very high, and they are no longer willing to pay or watch any substandard quality and content on an OTT platform
One such platform that seems to be adopting a good mix is Power Sportz, Indias first Live OTT sports news channel. ‘Our channel is a product of technology, content & creativity’, said Ms Kanthi D Suresh, the founder of the channel and in an exclusive chat, recently. The channel which is still young, has reached good heights with its innovative and original content. There is no place we can copy, cut, and paste from, said Kanthi, categorically in her typical style of aggression mixed with a level of genuineness and passion.
The channel seems to be going to its next level of innovative mix of content & technology. Multiple live streaming is what the technical team is working at. Simultaneous live broadcasting on the same platform to cater to the needs of different global viewers is what channel is looking at developing. The recent program on the show, Talking Turkey with Kanthi, helmed by Ms Kanthi D Suresh, herself has indicated the channels desire to get into live match streaming. Confirmed sources have indicated that the technical team is now developing a software to capture live global streaming after successfully establishing an in-house software for domestic live streaming, which is a daily feature of the channel
If the Channel is successful in digital live global streaming of matches across the world, according to some financial analysts, Power Sportz is well on the verge of becoming a 1000 crore valued property, within a very short span of time because it would be a very unique concept and derive eyeballs from whos who of the global sports world, and sports broadcasting is big business, world over!
Seems like Kanthi D Suresh is handling too many things currently. Where does that leave Power News, the political channel that Kanthi seems to be taken a fancy to, going by the way she conducts all her shows. If you ask us, we believe Power News with Kanthi, may get more eyeballs than the live global streaming of matches!
Follow this space.


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Apple Stores Once Again Coloring Logos Red in Recognition of World AIDS Day
As it has done for the past three years, Apple is once again recognizing December 1 as World AIDS Day at its retail locations by coloring their Apple logos red for the occasion. Several Apple Stores in the United States and the United Kingdom are expected to change the color of their logos, with images from Twitter showing that the company's store in Sydney, Australia has already adjusted its logo.
Last week, Apple announced
a new campaign for World AIDS Day 2014 done in collaboration with (Product) RED which saw the launch of a special Apps for (RED) section in the App Store and a donation initiative. The Apps for (RED) section is active until December 7 and contains 25 well known apps with the proceeds benefiting the Global Fund to fight AIDS. All of Apple's customers who purchased a select Apple product on Friday, November 28 received a special (RED) iTunes gift card
, and during December 1, Apple will donate a portion of every sale at its retail and online stores to the Global Fund to fight AIDS.
Apple sells a number of (Product) RED items where a percentage of the profits are donated to the Global Fund to fight AIDS. Throughout the past, those items have included iPod nanos and shuffles, iPad Smart Covers, iPhone Bumpers, iPhone cases, and more. This past June, (Product) RED announced that Apple had contributed $75 million to the Global Fund to fight AIDS.
Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
AirTags may be a convenient way for tracking dogs that might get off leash or otherwise lost, but there are dangers associated with the practice, as outlined by a report from The Wall Street Journal.
At 1.26 inches in diameter, AirTags are able to fit easily on a dog's collar, but that size also makes the tracking devices small enough to swallow, at least for a medium to large-sized dog, and ...
Apple has previously announced several upcoming iOS features that are expected to be added to the iPhone this year. Some of the features could be introduced with iOS 16.4, which should enter beta testing soon, while others will arrive later in the year.
Below, we have recapped five new iOS features that are expected to launch in 2023, such as an Apple Pay Later financing option for purchases ...
Apple's next device with an Apple silicon chip may not be a Mac or an iPad, but rather an advanced external display, according to recent reports.
The display, which is rumored to arrive this year, is expected to sit somewhere between the $1,599 Studio Display and the $4,999 Pro Display XDR – but more exact information about the device's positioning and price point is as yet unknown. While ...
In June 2022, Apple previewed the next generation of CarPlay, promising deeper integration with vehicle functions like A/C and FM radio, support for multiple displays across the dashboard, personalization options, and more.
Apple says the first vehicles with support for the next-generation CarPlay experience will be announced in late 2023, with committed automakers including Acura, Audi,...
When the original HomePod launched in 2018, it was discovered that the speaker can leave white rings on some wooden surfaces. Now, well-known YouTuber Marques Brownlee has confirmed that the issue persists to a lesser extent with the new HomePod.
In a side-by-side test, he showed that the white second-generation HomePod left a white ring on the wooden surface that he placed the speaker on,...
Apple's VP of hardware engineering Matthew Costello and product marketing employee Alice Chan recently spoke with Men's Journal and TechCrunch about the new second-generation HomePod in wide-ranging interviews about the smart speaker.
Apple discontinued the original full-size HomePod in March 2021 after multiple reports indicated that sales of the speaker were lackluster, but Chan told Men's ...


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Microsoft New Zealand is offering Kiwi startups free cloud computing services through a new partnership with business incubators The Icehouse and Creative HQ as part of the BizSpark Plus programme.
BizSpark Plus means both incubators can offer services to the value of $60,000 on the Windows Azure platform over two years, and a discounted subscription after that. The offer is an extension of the Microsoft BizSpark programme, which provides startups with free software and support services for three years.
Creative HQ chief executive Steve O’Connor said it was encouraging to see large companies like Microsoft investing in startups.
“Microsoft was a startup once and it can clearly see the value in nurturing today’s up and coming companies.”
Thiago Almeida, Microsoft developer evangelist, said The Icehouse and Creative HQ were the natural choice when Microsoft was looking for partners.
“The Icehouse and Creative HQ both have proven track records for producing world-class startups and we are excited at the opportunity to work together to help startups when they need it most – with products, resources and connections."


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Scented Dragon Opens Third Location in Jensen Beach
October is a month of celebration for Scented Dragon and not just because it’s Halloween. Owner Maria Torres explains, “We’re excited to announce our first Psychic Fair in eight months at our Port St. Lucie store. We usually host four to six fairs per year but had to skip those scheduled for after February for obvious reasons.” Set to welcome participants from 11 a.m. to 7 p.m. on Saturday, October 24, this year’s Fall Fair is sure to be a crowd pleaser as many customers have been inquiring about the next fair for months.
“Also, beyond excited to announce the opening of our newest store, Scented Dragon Jensen Beach, located in the Treasure Coast Square Mall,” says Torres. Known by many as the “Jensen Beach Mall,” Scented Dragon Jensen Beach is located at the mall entrance to Macys. All three stores, Port St. Lucie, Ft. Pierce, and Jensen Beach will be celebrating Halloween by offering customers 20% discounts (on most merchandise) all day, Saturday, October 31.
Scented Dragon Port Saint Lucie is located at 6993 Hancock Drive (just off US1), the Fort Pierce store is located at 127 N. Second Street and their newest store’s address is 3142 NW Federal Hwy., Jensen Beach. For more information on pre-booking for the fair, call 772-877-2102. ScentedDragon.com


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Developer Polyphony Digital announced today that the 2017 racing sim Gran Turismo Sport online service will be shutting down next year.
According to the latest blog post on the official Gran Turismo website, Polyphony Digital stated that the online services for Gran Turismo Sport will shut down on January 31, 2024. After that date, players cannot access the online services, which include Open Lobby, Garage Car Liveries, and Sport Mode. Players are advised to unlock all trophies that require online play to do it starting today or else forever be blocked from unlocking them.
Players who still enjoy playing Gran Turismo Sport can still enjoy the offline modes including splitscreen multiplayer, the main single-player campaign, World Circuits, and time trials.
Before shutting down the online services, the over 200 in-game vehicles that can be purchased via the PlayStation Store will no longer be available starting on December 1, 2023. Any add-ons purchased before that date can still be used in-game.
Gran Turismo Sport was first released in 2017 exclusively for the PS4.


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Los Angeles - All posts tagged Los Angeles
Jan 21, 2014
A city councilman wants L.A. to stop doing business with J.P. Morgan Chase & Co.
Not so fast, says the L.A. Times editorial board.
Jun 5, 2013
It’s no secret that you can buy just about anything you want via Amazon.com.
And from the Kindle Fire to a garden hose, the vast majority of the online retailer’s offerings are of the non-perishable kind.
But now, Amazon /quotes/zigman/63011 /quotes/nls/amzn AMZN is looking to expand further into an area it has only dipped it toe into: grocery delivery.
- « Previously in Los Angeles
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The Tell is MarketWatch’s fast and engaging look at trends and themes in the day’s markets. Drawing on our reporters, analysts and commentators around the world, as well as selecting the best of the rest online, The Tell is all about the pulse of the markets through news, insight and strategic information to help you make the best investing decisions. Got a tip? Tell us at TheTell@MarketWatch.com
Follow The Tell on Twitter @thetellblog


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Linked by Kroc Camen on Thu 6th May 2010 07:54 UTC
In 2009 ARM showed off prototype netbooks "capable of driving HD content, can surf the web for 8 hours, and will cost round and about 250 USD". Yet still, none have made it to the market. Why do you think this is so? Because ARM signed a deal with Adobe in 2008 to bring Flash and AIR to the ARM architecture, a promise they will finally deliver later this year. And you wonder why Apple won't have Flash on the iPhone when it can hold back an entire product category for two years.


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City approves $1.2 million in tax breaks for massive new Amazon facility in east Aurora
AURORA | Aurora city council Monday unanimously approved a resolution granting up to $1.18 million in tax breaks for Amazon to construct a 1 million-square-foot “fulfillment” center in east Aurora.
The agreement formalizes a deal city officials made with Amazon in previous closed-door talks. The company announced its plans to move to Aurora earlier this year.
The new “fulfillment” facility, expected to generate about $130 million in investments, comes on the heels of Amazon opening a 452,000-square-foot “sortation facility” at 19799 East 36th Drive in Majestic Commercenter last year. That site employs hundreds and is already operating.
The resolution approved Monday comes in the form of a 36-percent discount on the sales and use taxes the project incurs from certain construction materials and equipment that will be used at the site once it is operating, according to city documents.
Located at Prologis Park 70 near the nexus of Interstate 70 and E-470, the new warehouse is expected to bring about 1,000 new jobs boasting $30,297 in annual salary — and benefits — to the city.
The proposal includes a stipulation that would require Amazon to pay back a portion of the tax incentives if the number of jobs at the facility dips beneath projections in the coming decade, according to city documents. The rebates will only take effect once Amazon has created 900 jobs at the new plant.
The Amazon center is expected to generate about $6.5 million in taxes in the coming decade, according to Chad Argentar, the city’s economic and business development supervisor. Without the $1.1 million rebate, the city will still receive about $5.4 million in taxes from the company.
Council Members Brad Pierce and Bob Roth both underscored the notion that the deal is not a unilateral gift handed to Amazon.
“I want to make it very clear that whenever we have these incentives the city of Aurora is not writing a check to anybody,” Roth said at the council meeting. “We’re giving them a rebate of a portion of what they are generating.”
Yuriy Gorlov, director of business development at the Aurora Economic Development Council, confirmed Amazon has already signed a lease on the property.
“That’s all sealed and done with,” he said.
Argentar said the process of formalizing incentives several months after a company announces a new development is not uncommon.
“A company may decide to make an announcement or move forward with the location decision … before the agreement is formally approved,” he said. “They do so at their own risk, but they also do it with a good faith understanding that the city is not going to renege on a proposed incentive.”
Argentar said he has never seen the city double back on a proposed incentive package following a company’s formal announcement in his nearly decade-long tenure with Aurora.
“If the only reason why the city decides they’re not going to follow through on a proposed incentive is if a company decides to make their announcement ahead of time, I don’t think that would be good for Aurora’s reputation regarding future businesses moving here,” he said. “The next company that might be considering Aurora based on an incentive certainly would not do anything until every opportunity for the city to backtrack has passed.”
Staff writer Brandon Johansson contributed to this report.


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Nanomedical Diagnostics, a leading manufacturer of graphene biosensors, has announced its corporate name change to Cardea.
The new name aims to reflect a significant expansion of the company's commercial activities, from primarily serving the pharmaceutical industry with ultra sensitive biosensor research tools, to opening its breakthrough biosensor platform for a broad set of healthcare and life science partners.
Cardea has implemented a new business model that allows for OEM partnerships. This gives license partners access to the unique and powerful graphene biosensor infrastructure previously commercialized under the Nanomedical Diagnostics name.
"Our graphene biosensors have the ability to network biology with computers. This technology platform offers a feature the world has never seen before by presenting an immediate way of detecting what's happening in the biology around you. For our Innovation Partners this translates into new market opportunities and competitive advantages, with the ability to build a new generation of products that allow for quick and easy biological insight. As we are the first to offer this kind of technology, we see it as our responsibility to make it available to the world," said co-founder and co-CEO Ross Bundy. "We see the beginnings of an Internet of Biology, powered by Cardea biosensors, that lets biological information be accessed by everyone, instantly."
Current products and business activities under the Nanomedical Diagnostics brand umbrella will continue under the shortened name Nanomed as a Cardea brand. Cardea's new OEM biosensor infrastructure and partnership business will be run under the Cardea name.


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By Staff Reports
(Victor Valley)– The Automobile Club of Southern California is projecting the largest travel volume on record for the Christmas-New Year holiday period, according to the Automobile Club of Southern California, with more than 9 million local residents planning end-of-year getaways.
By the numbers
More than 88 percent of local and statewide travelers are expected to drive to their destinations, while 8.5 percent will fly and three percent will go by other means such as train, bus or cruise. Below are this year’s Auto Club holiday travel projections for the year-end holiday period, defined as the 12 days from Dec. 21 to Jan. 1:
|Mode of travel||Southern California||California||US|
|and % increase from 2018||and % increase from 2018||and % increase from 2018|
9.05 million (+4.4%)
14.7 million (+4.4%)
|115.6 million (+3.9%)|
8 million (+4.3%)
12.97 million (+4.3%)
104.8 million (+3.9%)
1.24 million (+6.4%)
6.97 million (+4.9%)
3.8 million (+3.0%)
“With unemployment at record lows and household net worth at record highs, more Americans and Southern Californians are feeling able to afford holiday vacations,” said Filomena Andre, the Auto Club’s vice president for travel products and services.
Andre recommends that air travelers arrive at the airport at least two hours early for domestic flights and three hours early for international flights, particularly if their departure is on the three most congested days for flights – Saturday, Dec. 21, Sunday, Dec. 22 and Monday, Dec. 23.
Top Travel Destinations
Anaheim is expected to be the No. 2 destination nationwide for travelers, according to AAA Travel booking data, with Orlando at No. 1. The top 5 destinations for Southern California travelers, according to a survey of Auto Club travel agents, are:
1) Las Vegas
2) San Diego
3) Central Coast (Santa Barbara to Monterey)
4) Grand Canyon
5) Mexico (cruises and resort trips)
The top air destination for Southern California travelers is Hawaii, and nationally, Oahu is the third most popular destination and Maui is No. 4.
More Than 246,000 California Motorists Will Need AAA Roadside Assistance
The Auto Club and AAA in Northern California expect to come to the rescue of more than 246,000 motorists statewide over this holiday period. Dead batteries, lockouts and flat tires will be the top reasons for member calls. The Auto Club recommends that motorists take their vehicle to a trusted repair facility for needed maintenance before heading out on their travels.
To view a list of local AAA-approved auto repair facilities, visit AAA.com/Repair or use the free AAA Mobile app.
Because of the extended holiday period and end-of-year business/school closures, traffic congestion is not expected to be as big a factor for holiday travelers as it is for Thanksgiving and three-day-weekend holidays. Based on historical and recent travel trends, INRIX expects drivers to experience the greatest amount of congestion in the afternoon and evening of Thursday, Dec. 26 and Friday, Dec. 27. Eastbound Interstate 10 between Santa Monica and the Interstate 5 interchange is expected to see 2.8 times more traffic than normal on the evening of Dec. 26.
The Auto Club and INRIX advise travelers to leave either very early in the morning or immediately after the normal morning commute to avoid traffic.
Southern California gas prices are continuing to drop at a rapid pace, but are still about 25 cents higher per gallon than at this time last year. As the holiday period draws closer, the Auto Club expects more gas stations to post prices for regular unleaded below $3 a gallon.
AAA’s projections are based on economic forecasting and research by IHS Markit, a London-based business information provider. For the purposes of this forecast, the year-end holiday travel period is defined as the 12-day period from Saturday, Dec. 21 to Wednesday, Jan. 1.
In cooperation with AAA, IHS Markit developed a unique methodology to forecast actual domestic travel volumes, using macroeconomic drivers such as employment; output; household net worth; asset prices including stock indices; interest rates; housing market indicators and variables related to travel and tourism, including prices of gasoline, airline travel and hotel stays.
INRIX is the global leader in connected car services and transportation analytics. Leveraging big data and the cloud, INRIX delivers comprehensive services and solutions to help move people, cities and businesses forward. Our partners are automakers, governments, mobile operators, developers, advertisers, as well as enterprises large and small.


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Over the last 100 years, globalization has improved the well-being of millions of people worldwide, lifting entire nations out of poverty. But increasingly that interconnectedness also means that decisions made on one side of the globe can have far-reaching effects on the other, as illustrated by the recent global financial crisis.
In that context, the inaugural Zermatt Summit examined how to “humanize globalization”, by embedding ethics and values in business decision-making, thereby ensuring that the economy serves the common good.
Speakers and participants at the 2010 Zermatt Summit discussed how to achieve a new balance between statesmanship, leadership, and entrepreneurship. They presented entrepreneurial models that prioritize and economic, social, and environmental sustainability over short-term profitability. In keynotes, panels, and workshops they explored the implications for businesses and for individuals when business prioritizes the well-being of people, communities, and nature.


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A study by the Financial Conduct Authority has shown that just one in 10 people are aware of the regulator’s warnings about cryptocurrency.
The Financial Conduct Authority (FCA), the UK’s financial markets regulator, has said that most cryptocurrency investors are not aware of the various warnings related to cryptocurrencies.
The FCA’s study released on Thursday estimates that more than 2.3 million adults in the UK own or hold cryptocurrencies. As per the survey numbers, this represents about 4% of the country’s population and shows that an additional 400,000 have bought cryptocurrencies since January last year.
The research also showed that the number of UK adults who have heard of cryptocurrency has increased to 78%, up from 73% this past year.
However, only one in 10 of the respondents who said they have heard of cryptocurrencies reportedly know of any of the consumer warnings put out by the FCA.
Also, while most consumers understand that cryptocurrency investments remain “largely unregulated,” more than 29% do not understand the risks concerned nor what crypto is.
Despite this, the study reveals that more than 50% of respondents reported positive experiences with crypto assets, up from 41% in January 2020. An even smaller number (11%) of consumers said they regretted getting into crypto.
According to the FCA, interest in crypto among UK consumers has spiked alongside overall growth within the market. Investor interest appears to have been piqued by the explosion in prices.
The Bitcoin price, for instance, rose from lows of $10k in late 2020 to hit over $64,000 in April this year. It has, however, declined to under $30,000 and currently trades near $37,700.
Sheldon Mills, the Executive Director for consumers and competition at FCA, said in a statement:
“… it is important for customers to understand that because these products are largely unregulated that if something goes wrong they are unlikely to have access to the Financial Services Compensation Scheme or the Financial Ombudsman Service. If consumers invest in these types of products, they should be prepared to lose all their money.”
The research is the fourth the FCA has undertaken on cryptocurrency ownership and forms part of the regulator’s strategy to ensure more people understand the inherent risks they face when investing in the emerging sector.


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Americans get to face another three years at higher risk of having our payment card numbers scooped up by criminals while we fuel up our cars. The major credit card networks, Visa and Mastercard, have given gas stations an extension, pushing the deadline for them to install payment terminals with chip (EMV) readers back to October 2020. [More]
Hey, remember the ATM liability shift? You know, how MasterCard’s liability shift means that the operator of any ATMs not equipped with EMV (computer chip) card readers by October of this year would be liable for fraud, and not the credit card network. That deadline was today, and most ATMs in the wild aren’t yet equipped with chip readers. [More]
A grocery store chain in Florida made headlines last week for filing a lawsuit against a consortium of credit card issuers for delaying their certification to process payments on the EMV (chip card) payment network. They aren’t alone, though: many other medium-size chains and other businesses have had their certification delayed, which is costing them thousands or tens of thousands of dollars now that they’re liable for fraudulent transactions. [More]
A survey released last week by Wells Fargo found that a majority of small business owners aren’t prepared for the October deadline to switch from traditional swipe-and-sign credit card transactions to the supposedly more secure chip-and-PIN card system. Now, one mobile payment company says it wants to take some of the burden off the shoulders of these companies by offering to pay for any charges incurred from a breach — as long as the business owner has ordered its new card reader. [More]
Good news for Americans who like to go to other countries in the world. U.S. Bank is going to roll out EMV chip cards to 20,000 FlexPerks Visa cardholders this month, adding steam to a small but growing push to get traveling Americans credit cards that can work in the “chip and PIN” systems prevalent in Europe and beyond.
Wells Fargo is going to send 15,000 EMV chip-embedded credit cards to frequent travelers this summer, the largest US bank to make a move towards these international-style credit cards. Consumers had complained about troubles using their credit card abroad with kiosks that only accept chip cards or with merchants who refused to take cards that only have the magnetic strip.


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To all: And please send to all of your multi-sport friends.
The 2012 version of the CajunMan Triathlon is set to go. This will be the 16th year Anniversary! We promise to make it bigger and better than ever!! The date for this year’s event is September 9, 2012.
Our website has been updated and you can find updates, news and much more information by clicking on www.lafayettefitness.org.
We will have two options for you to sign up again this year. You can sign up in person at Smoothie Factory (125 Arnould Blvd., Lafayette, LA 337-989-7001) or you can sign up online at Active.com. A link is already on the www.lafayettefitness.org website. Just click on the CajunMan Triathlon icon on the left side of the page.
So, registration is NOW OPEN online and at Smoothie Factory!! Please remember that the CajunMan Triathlon sells out EVERY year (last 11 years) well in advance. So please sign up EARLY. We have a field limit of 500.
I am looking forward to seeing all of you in September!


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UK: Asos head of women's wear buying departs
Online clothing retailer Asos has confirmed that Moriamo Oshodi, head of buying for trend brands, branded accessories and beauty, has stepped down after 12 years with the company.
Separately, Asos revealed that international sales director Matt Hiscock will be moving to the firm's US office to take on the role of country manager.
However, the retailer denied reports it has created a marketing director role in the US to accelerate growth in the country. "Asos has not created a US marketing director role," a spokesperson for the company told just-style.
Hiscock will not take on the role of marketing director, she added.
Earlier this month, Brian McBride was appointed as non-executive chairman, replacing Lord Waheed Alli.
The retailer will release its full-year results for the year ended 31 August on Thursday (25 October).
Apparel sales in the Asia Pacific region are continuing on a golden growth trajectory despite a slowdown in China. Domestic brands are continuing to hold their own, and foreign brands intent on making...
Featured reports from just-style's research store this week include a look at chemical protective clothing, digital strategies at Asos and Oasis, and two reports on world markets for textile machinery...
The online and luxury segments are set to provide a silver lining in what is an otherwise gloomy outlook for Australia's fashion industry, according to research released by IbisWorld. ...
- Better factory conditions boost the bottom line
- Is there more to Primark's woes than the weather?
- Under Armour on track with new UAS sportswear line
- Myanmar garment exports surged 20% in 2015
- Why synthetic fibres are a safe bet for the future
- Vietnam's Vinatex opens $5.7m garment factory
- H&M living wage commitments criticised in Cambodia
- Brexit may hit suppliers with UK duty-free access
- Vietnam garment exports slow as orders stall
- Natural plant dyed eco-friendly cellulosic yarns


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Funcom's Age of Conan showed that a massively multiplayer online game can succeed despite (or perhaps because of) a lot of gore and a few stray nipples. Although the Norwegian developer's Hyborian Adventures may be the first mainstream MMO to carry an M for Mature rating, it likely won't be the last.
Realtime Worlds president Tony Harmon told GameSpot today that he's expecting his modern-day cops-and-robbers game APB to land an M from the Entertainment Software Rating Board. Though the game has no release date yet, the developer is planning to submit it to the ratings process next year.
Earlier this year, Realtime Worlds purchased the publishing rights to APB back from its original partner on the game, Korean outfit Webzen. Harmon said that the game has no publishing deal in place at the moment, but Realtime has been talking with "pretty much all the big players."
Little has been revealed about the game since Realtime founder and Grand Theft Auto creator Dave Jones made it the focus of a Game Developers Conference session in February, but Harmon said that Realtime will start talking about the project a little more sometime this fall. Until then, check out GameSpot's previous coverage.


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• WHAT will be done
A social media campaign is being launched on the student campus around reusable cups.
The aim of this campaign is to:
Reduce the no. of disposable cups on the DCU campus;
Raise awareness of the importance of reuse;and
Make students aware that action can be taken at their level and on a daily basis to reduce waste by reusing packaging or assimilated products.
• WHERE it will take place
will it happen?
Dates of the proposed action:
join hands and minds to prevent waste?
Check out other actions that will cover these themes:


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The DJIA dropped 1.54%, Nasdaq fell 2.84%, the S&P 500 declined 2.11% and the 10-year treasury yield rose slightly, to 3.76%.
After an outstanding summer of travel, Amadeus’ Agency360 and Demand360 data sources are showing strong recovery indicators for the remainder of 2022 and evidence of growing traveler confidence as the sector looks towards 2023. Amadeus’ in-depth Demand360 business intelligence data reveals that global hotel occupancy has exceeded pre-pandemic levels consistently throughout the summer. For July and August 2022, hotels have seen a global occupancy average of 67% compared with an average of 64% over the same timeframe in 2019. Mirroring the recovery of occupancy rates is the stabilization of booking lead times. 2022 now virtually matches the booking behaviors seen in 2019 with 53% of bookings made in the 0-7 day window versus 50% of bookings made in this timeframe in 2019. ADR also continues to trend positively for the fall season, exceeding 2019 for the remainder of 2022, and as usual, peaking around the Thanksgiving and Christmas holidays.
Group travel is set for a strong conference season in Q4. Global ground occupancy is consistently between 1-2% of pre-pandemic levels for the remainder of 2022 as the conference sector starts to rebound. Amadeus’s data shows that group bookings are now also starting to extend more confidently into 2023, with 4.3 million bookings already made for H1 2023. Business travel is also seeing a steady recovery as the year continues. 2022 is closing the gap to 2019 levels according to Amadeus’ Agency 360 data, which reveals that hotel bookings across all major global distribution systems have increased 98% in August 2022 compared to January 2022.
Hilton announced the opening of its latest property, Tru by Hilton Lawrence located in Indianapolis, IN. The 96-room hotel is owned by Lawrence Hotel Group, LLC and managed by General Hotels Corporation. Tru by Hilton properties feature amenities such as a 2,880 square foot lobby, a 24/7 Eat. & Sip. Market, a social media wall, lobby tablets and fitness centers.
The property that operates as the Sonesta ES Suites Providence – Airport hotel in Warwick, RI was recently sold for $5.2 million. The property comprises seven two-story buildings. It was acquired earlier this month to Shivam RI Hotels, LLC by Hpt Ihg 2 Properties Trust, a company affiliated with Sonesta International Hotels Corp. Shivam RI Hotels is affiliated with Allstar Hotels LLC and Ronak Patel.
Service Properties Trust announced it entered into a purchase and sale agreement to sell 16 Marriott branded hotels totaling 2,155 keys for $137.3 million, excluding closing costs. SVC expects to close on the transaction in the fourth quarter of 2022. SVC said in connection with the previously planned marketing of 68 Sonesta-branded hotels, they sold 61 hotels totaling 7,751 keys for proceeds of $523.1 million. SVC entered into an agreement to sell six additional hotels totaling 790 keys for an aggregate sales price of $34.2 million, expected to close during the third and fourth quarters of 2022. SVC continues to market one additional 219-key Sonesta branded hotel.
InterContinental Buckhead Atlanta, in Atlanta, GA, announced the completion of a full-property reimagination. The first stage was completed in late May 2022 with the unveiling of Atlanta’s newest culinary hotspot; a redesign of the hotel’s lobby lounge; the addition of Caffe Americano; and a remodel of the extensive premier meetings and events space. Debuting this month, the second and final phase of the redesign includes the unveiling of a new 21st floor InterContinental Club Lounge, Signature Suites and a rebrand of the hotel’s spa in partnership with Biologique Recherche.
IHG said they have fully restored service on its systems after the cyberattack they encountered earlier this month. IHG said they had reactivated its booking websites and mobile app together with most of its other booking channels and revenue-generating systems.
Langham Hospitality Group announced it will own and manage a new luxury hotel and branded residences in downtown Seattle, USA, slated to open in 2026. The Langham Seattle and The Langham Residences will be housed in a new 42-story building rising from the façade of the Terminal Sales Annex Building built in 1916, a designated Seattle Landmark. The Langham, Seattle will offer 187 guestrooms and suites. The property will include a cocktail bar at lobby level, restaurant, Chuan Spa and flexible meeting and banquet spaces.
Longtime developer Bo Aughtry has pitched building a new hotel just outside of the Columbia Metropolitan Convention Center in Columbia, SC, but the city’s tourism leader and business leaders say it is far too small to support the needs of the venue. Aughtry’s planed hotel would be a Marriott with roughly 200 rooms built on property owned by the convention center. According to Experience Columbia CEO Bill Ellen, that’s about two-thirds the number of rooms that would be needed to support large events and an eventual expansion of the city’s convention venue. Aughtry has stressed the plan is still conceptual and no formal arrangements have been made.
A developer has submitted plans to the city of Mesa, AZ to build a hospitality campus to include three separate hotels to support Bell Bank Park in southeast Mesa. Tharaldson Hospitality is proposing building three hotels and two retail and restaurant buildings. In total, there would be 365 rooms on the site, as well as 7600 square feet for retail and restaurant uses. The branding for the hotels will be Residence Inn by Marriott, Home2 Suites by Hilton and Element by Marriott. All three hotels will be four stories tall and all will have outdoor pool areas. The property owner of the proposed-hotel parcel is Mesa BA Land LLC.
In Northport, NY, the Northport Hotel is getting closer to opening. The three-story boutique hotel, home to 26 luxury guestrooms and an Italian steakhouse, is expected to open in late 2022. The hotel owner is Kevin O’Neill.
The iconic El Cortez Hotel & Casino, a downtown Las Vegas landmark, announced the completion of a $3 million renovation of the 47 rooms, dubbed the Original 47. This was the final piece of the hotel’s $28 million property renovation that began in 2020. The property features over 364 rooms and a fitness center.
IHG Hotels & Resorts announced a multi-property development agreement with Grape Hospitality for five conversion properties in prime European destinations. The five properties include: the new voco Madrid Centre Retiro, the first voco hotel to open in Spain. The hotel is due to open in April 2024. Hotel Indigo Florence is set to open later this year with 160 bedrooms, conference facilities and a wellness center. Hotel Indigo Bordeaux will be the third Hotel Indigo-branded hotel to open in France. The 100-room property is due to open in May 2023. The 189-room Hotel Indigo Barcelona Gran Via Plaza Espana will be the second Hotel Indigo to open in Barcelona. The hotel will open in April 2024. The 168-room Crowne Plaza Madrid Centre Retiro will be the second Crowne Plaza property to open in Madrid. The hotel is due to open in April 2024.
Ennismore announced it had reached a significant milestone with the opening of its one hundredth property, the flagship SO/Paris. Ennismore has a strong growth pipeline with a further 160 hotels and branded residences in development, equating to over 26,000 rooms. Next Year, Ennismore is currently set to open over 35 hotels, including 21c Museum Hotel St. Louis; 25hours Hotel Sydney; Hyde Queenstown, Mama Shelter Dubai; Mondrian Bordeaux; SO/Uptown Dubai; TRIBE Bangkok; and The Hoxton, Brussels.
Tivoli Hotels & Resorts announced its expansion in Europe with the brand’s upcoming debut in Spain. The luxury La Caleta Resort, located in Tenerife’s Costa Adeje which was previously operated under the Sheraton brand, is scheduled to relaunch as Tivoli La Caleta Resort in spring next year. The resort, which is currently closed and undergoing refurbishment, will reopen with 284 guest rooms, including 20 suites; four restaurants; two bars; ten meeting rooms; three pools; a fitness center; tennis and paddle tennis courts; and an Anantara Spa.
According to Skift, the owner of European vacation-rentals business Awaze is looking for a sale. Platinum Equity created Awaze after buying a selection of rental businesses from Wyndham Worldwide in 2018. The deal was worth $1.3 billion. Sky News has reported that Platinum Equity has appointed Goldman Sachs and Morgan Stanley to oversee a strategic review of Awaze, with a price tag of up to $2.14 billion.
ICG Real Estate launched a new investment platform together with Pro-invest Group with a target to invest up to 500 million pounds. The joint venture will acquire hotel assets in London and other core-UK markets.


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The latest patent deals are "continuations and extensions" of patent deals that Microsoft already had in place with the two companies. Microsoft officials are not disclosing any financial terms of either of the new deals, a spokesperson confirmed.
Microsoft, for its part, gained access to Fuji Xerox patents for Microsoft's "existing and future proprietary product lines, including Microsoft Office." Both companies received monetary and non-monetary provisions that resulted in both being compensated for their patent portfolios, according to the 2007 press release covering the agreement.
The updated cross-licensing agreement between the two companies, announced on March 19, covers digital imaging, document management and mobile consumer products, Microsoft officials said. Fuji Xerox is a 75-25 joint venture between FUJIFILM Holdings and Xerox that sells document-management systems.
I asked whether the updated patent deal covers any Fuji Xerox products that run Linux or Android and was told by a Microsoft spokesperson that Microsoft declined to comment. Microsoft officials also declined to comment on whether Fuji Xerox is paying Microsoft as part of the updated patent agreement.
In 2009, Microsoft signed a patent deal with Melco, the Japanese-based parent company of Buffalo Inc. and Buffalo Group. Buffalo makes network-attached storage (NAS) and routers, including the LinkStation and AirStation products.
At that time, Microsoft officials said that the Melco/Buffalo deal applied to Melco products that ran Linux and other related open-source software. Microsoft's 2009 press release said that Melco Group was paying Microsoft undisclosed royalties as part of the arrangement.
Microsoft officials said the company has signed more than 1,000 patent agreements over the past ten years with a variety of vendors. Some, but nowhere near all, of these agreements are cover products running Linux, Android and Chrome OS -- operating systems which Microsoft officials claim include Microsoft-patented technologies.


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The PYMNTS team caught up with experts in the payments field to ask them their views on industry trends, predictions for the coming year and what their ideal payments system looks like.
Anbu Gounder, co-founder of Minkasu (a mobile payments solutions provider), shared with us what he and his company think are the biggest trends in mobile commerce, what has and will ignite the mobile commerce industry, and what challenges still exist that are creating consumer payments friction.
PYMNTS: What are the big trends you’re seeing in payments in 2015?
AG: Mobile shopping has already taken off. Biometrics are here to stay. Customers are more willing to try our mobile payment solutions. Until last year, consumers were not sure if they would be willing to use their smartphones for making payments. ... We believe Apple Pay has done a lot of heavy lifting for us. In terms of challenges, only 15 percent of the 60 percent of shoppers converse into real transactions.
PYMNTS: What are some of the challenges you’re seeing in mobile payments?
AG: In terms of challenges, only 15 percent of the 60 percent of shoppers converse into real transactions. There is a lot of friction on mobile payments on the eCommerce and mCommerce transactions especially. More websites are becoming mobile optimized, but there is no good mobile payment solution in the marketplace which makes the mobile browser transactions quick and easy and secure. There's a lot of noise in the marketplace with several payments solutions. It is confusing to the average consumers.
PYMNTS: What are your predictions for payments for next year?
AG: We think mobile payments are going to accelerate at a faster rate. We believe the market needs a mobile payment solution that can make mobile browser payments quick and easy and secure. And social commerce and buy buttons will gain traction.
PYMNTS: What does your ideal payments system look like?
AG: We think an ideal payments system would be mobile payments solution, of course, that works across all channels — all true multi-channel solutions. It is neutral to all platforms, card networks, banks, operating systems and devices. A solution that enables all funding sources: credit card, debit card, ACH bank transactions. ... An ideal payment solution should be able to get the same preferential card percent rates across all payment channels.


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Lambeth Trading Standards have dealt a serious blow to the counterfeit cigarette racket in the borough with the interception and seizure of a consignment worth £136,000 sent from China and destined for local shops.
The seizures were a result of information received from a courier company whose own security staff spotted the suspicious packages. After a routine examination they contacted Lambeth Trading Standards when they found the boxes were full of cigarettes.
When examining the boxes Trading Standards Officers found various cigarette brands and sent samples to the manufacturers for them to confirm they were fake as suspected. The manufactures soon confirmed this.
These cigarettes are made in China under poor conditions and using very low grade materials. Organised crime gangs then transport the illegal products to this country and distribute them here to newsagents and small shops. Often this is done by going from shop to shop or just approaching members of the public.
Not only are these products illegal, with the money paid going to fund further criminal activity and organised gangs, but also the cigarettes themselves are much more dangerous than the real thing. Tests have shown that these products contain high levels of heavy metals such as cadmium, lead and arsenic which can cause kidney and lung damage, heart problems, fertility problems, dementia and a much greater risk of cancers. They also contain much higher levels of tar, nicotine and carbon monoxide and many smokers complain of very poor ‘taste’ and a burning in the throat.
The sale of counterfeit cigarettes not only defrauds the Exchequer but funds organised crime. HM Customs and Excise Service estimates that “85% of cheap cigarettes sold in London are counterfeit. A massive 65 per cent of smokers in the capital are mistakenly convinced their cheap supplies are real – believing they are buying ‘duty free’ or ‘duty paid’ cigarettes”.
Trading Standards remind the public that cigarettes sold on the street are likely to be fake. Shopkeepers should decline cheap cigarettes from people they don’t know. Purchases should be made only from recognised wholesalers as bypassessing counterfeit cigarettes a trader commits a criminal offence.
Robert Gardner, Head of Lambeth Trading Standards, says “Over 1 million fake cigarettes are seized every day in the UK. We urge you not to buy them and to report them to either your local Trading Standards or Customs and Excise.”
Lambeth’s Executive Member for the Environment Cllr Clare Whelan said: “These cigarettes are dangerous – far more damaging to health than ordinary cigarettes – and the proceeds fund organised crime. Stay away from them.”


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Mikhailovcement products among Top 100 Russian products
Published by Lucy Stewardson,
Mikhailovcement, part of the EUROCEMENT group, has taken part in a competition to find the ‘100 best goods of Russia.’ The company presented three of its cement products (CEM I 32.5B, CEM II/A-III.5.5B, and CEM II/A-Sh 42,5N) and, as a result, has become a winner in the ‘production of industrial and technical purposes’ nomination.
The status was awarded for “achievements in the field of quality” in the ‘100 best goods of Russia’ programme. Head of the Technical Control Laboratory, Elena Kiryukhina, noted as the most distinguished specialist of the enterprise, collected the award, alongside General Director of the company, Sergey Siromolot.
The company is a key supplier of cement for the construction complex of the Central Federal District. It has successfully participated in the ‘100 best goods of Russia’ since 2005, in which time a range of the plant’s products have won recognition.
Read the article online at: https://www.worldcement.com/europe-cis/17122018/mikhailovcement-products-among-top-100-russian-products/
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Zomato shares were on the up on Monday after the food delivery giant reported its second straight quarter of profit, with a net gain of ₹36 crore for the quarter ending September 30, a significant turnaround from the ₹251 crore loss a year earlier. The company’s revenue surged by 71% to ₹2,848 crore, thanks to a spike in orders during the festive season.
Zomato Q2 Performance: Deepinder Goyal, Zomato’s founder and CEO, attributes this growth to a strong performance across all business sectors. The company’s food delivery and quick commerce sectors saw a 13% increase in gross order value (GOV) over the previous quarter and a 47% rise year-on-year.
Food delivery GOV, which represents the total value of orders placed, climbed by 9% from the June quarter and 20% from the previous year, bouncing back from a recent demand slump. Quick commerce, under the Blinkit brand, also rebounded with a 29% growth in order volume.
Blinkit has turned a profit for the first time this quarter, with Zomato aiming for a break-even in quick commerce by next June. The company plans to open at least 100 new stores within the fiscal year, targeting around 480 stores by March 2024.
Rakesh Ranjan, CEO of Zomato’s food ordering and delivery business, credits the growth to a surge in demand and efficient execution, despite challenges like reduced delivery partner availability during the rainy season. The company’s Gold program also contributed to the growth by encouraging more frequent orders among its members.
What do Analysts Have to Say? Analysts are bullish on Zomato’s prospects following its impressive quarterly results. Three of the 29 analysts tracking the company anticipate the stock to surpass its all-time high of ₹160 in the next year.
Brokerage firm CLSA holds the most optimistic view, issuing a “buy” recommendation with a price target of ₹168, suggesting a potential 43.6% upside from the current levels. Jefferies follows closely with a “buy” rating and a target of ₹165, citing the September quarter’s performance as a driver for substantial upgrades in forecasts.
The consensus among analysts is largely positive, with 25 out of 29 recommending a “buy.” They highlight Zomato’s effective strategy and execution, with Morgan Stanley and HSBC both setting their price targets at ₹140, expressing confidence in the company’s long-term trajectory, especially in the quick commerce segment.
Share Price: Zomato Ltd. shares were trading 2.92% higher at ₹119.90 on Monday shortly after market open.
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