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Authors of a landmark industry guide on Shopping Centre Service Charges across Europe, the first of its kind, are calling for clearer dialogue between landlords, tenants and property managers and the certification of management companies to drastically improve transparency in resource management.
The guide, written by the International Council of Shopping Centers (ICSC) Retail Asset Management Committee, was launched during the fourth ICSC Romanian Retail Real Estate Conference on 28 September at the Radisson BLU Hotel, Bucharest.
ICSC is the worldwide not-for-profit retail real estate organisation connecting over 55,000 industry professionals, including investors, developers, retailers, asset managers and government officials who benefit from ICSC research and top-level educational programmes.
Martyn Chase, Chairman of the ICSC Retail Asset Management Committee and a director of DTZ, said: “Transparency in the management of services charges is essential, especially as the majority of developers and shopping centre management companies, as well as increasing numbers of retailers, operate cross border.
“Larger operators have clear service charge guidelines understood and respected by their management and tenants,” he said. “However the service charge schedule of some, often smaller, operators across Europe may not be so clear and our research showed that there is a great disparity in process and management models across Europe. This guide, written by the shopping centre industry for the industry, will help clarify an issue which has always caused debate between landlords and tenants.”
Research for the guide was drawn from shopping centres in 27 countries across Europe. Shopping centre management companies that participated contributed information on every aspect of their service charge policies including waste, insurance, energy, accounting, marketing and sustainability.
One of the main authors of the report, António Matias Lopes of Multi Mall Management said: “Clear and objective dialogue between all those involved in the business – tenants, landlords and property managers – is essential for clarifying transparency in resource management for services charges, leaving no doubt amongst any of the parties where responsibility and financial commitment lies.”
He added: “Proper certification and accreditation from an organisation such as ICSC could also be a differentiating factor when landlords are seeking to appoint a management company – especially in this challenging economic climate. A company which is certified and accredited will have a sustainable business model – essential for transparency in business management.”
The ICSC Service Charge Guide 2011
- The ICSC Service Charge Guide 2011 presents and analyses the main aspects relating to service charges across Europe.
- The guide uses case studies to highlight good practice with service charges in a number of European countries based on their accepted service charges regimes.
- The key message of the report is that although service charge regimes vary from country to country in Europe, there are key standards that should apply to all. These are:
i) Managers should manage the service charge in a reasonable, ethical and transparent way.
ii) There should be open communication between the manager and tenants throughout the process.
iii) The manager should seek to achieve cost effectiveness for the services he provides subject to providing the quality of service delivery needed.
iv) The manager should seek to provide the services in a sustainable way where appropriate.
v) Properly qualified managers should ideally manage the service charge.
“Good landlords and managers are already adopting these practices and others in the industry should strive to meet them as well,” added Martyn Chase.
The service charges report can be read in full: http://www.icsc.org/web/EuropeanServiceChargeGuide.pdf


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Last Updated on March 24, 2020
Wellness is Trending, But Vitamin Stores Aren’t
The wellness industry is booming. It brought in more than $167 billion in the U.S. last year, and $3.7 trillion in revenue worldwide. U.S. revenue is expected to top $170 billion this year. Meanwhile, wellness is everywhere. From mind-body cruises and beauty supplements to endless Instagram influencers, wellness is no longer just for gym-goers or fitness enthusiasts. It’s now a status symbol for consumers around the world.
So why aren’t vitamin stores thriving?
The rise of digital wellness
The Omni Index, which measures satisfaction of consumers across physical and online realms, recently found that 44% of health and beauty shoppers use mobile apps—significantly higher than other retail verticals. Google recently launched its “digital well-being,” a new set of features to capitalize on our dual quests for wellness and all things tech. And the top fitness and wellness personalities are no longer called “celebrities,” but instead claim the title of “influencer”—captivating us on Instagram with an almost-hourly onslaught of health, wellness and fitness tips.
Then there’s the wellness movement to begin with. Supplements used to be relegated to gym rats and bodybuilders looking for specific ingredients to drive specific results. Now, they’re used by everyone from beauty trendsetters to housewives, quickly becoming a pantry staple. The convergence of fitness and wellness culture, and the proliferation of all things digital could be two reasons why the vitamin stores that thrived in the 1990s are now playing catchup to online retailers and emerging digital-first brands.
Vitamin stores of the past, today
- GNC: Long the giant in brick and mortar supplement sales, GNC just announced that it will be closing 200 stores. The company still has more than 8,000 shops worldwide, with 3,300 in the U.S. and Canada. Still, its net income for Q1 2018 was $6.2 million, compared with $24.7 million in Q1 2017. Although its U.S. and Canada sales are down, its international sales were up during the same period.
What’s the reason for the decline in the U.S. market? As one writer put it, “Compare GNC’s sterile store atmosphere to the sleek, minimalist design of vitamin companies like Care/of, Ritual, Olly, or Goop and it’s easy to understand why shoppers excited about wellness are finding “fixes” for beauty, weight loss, or nutrition elsewhere..”
- The Vitamin Shoppe: It’s rolled out a supplement subscription service with OrderGroove. It’s invested big in e-commerce and even its own Wellness Council. It’s in localization mode, launching 800 Instagram accounts—one for each of its stores. And it reportedly hired turnaround specialists to take a hard look into its declining sales. The nation’s second-largest brick and mortar supplement company has fallen on hard times, but it’s betting big on digital to help it win over the hearts, minds and eyes of an Instagram influencer generation hooked on wellness.
- Vitamin World: The retailer announced in the fall that it would shutter 124 of its stores, selling off the rest. This comes two months after it filed for bankruptcy. A Chinese company purchased the vitamin retailer and plans to operate its remaining 150+ stores—the latest instance of Chinese investors acquiring a U.S.-based vitamin business.
A new breed of vitamin brands
Traditional vitamin stores aren’t capitalizing on the wellness trend. But a number of brands are cashing in, and redefining the supplement industry in the process. Some offer personalization, while others attempt to streamline the perpetual sea of supplements into single solutions. But one thing they have in common is a digital-first approach to connecting shoppers with supplements.
- Care/of: The brand offers personalized vitamin packs, and offers a direct dig to vitamin stores of the past right on the homepage of its website: “No overwhelming aisles of fine print. No commissioned sales clerks.”
- Ritual: This startup is reinventing the multivitamin by offering “the only vitamin you need:” a mix of nine ingredients Made in the USA, vegan and free of gluten and synthetic fillers.
- Goop: Gwyneth Paltrow’s health and wellness megabrand has long been associated with crackpot claims and misinformation. Yet it keeps on bringing in the Millennial crowd like a moth to the flame. It’s also dabbling in the personalization craze, offering vitamin packs for specific issues such as, “My body isn’t responding to diet and exercise like it used to.”
The health and wellness industry—and the dietary supplement market—are both expected to continue skyrocketing in the coming years. Only time will tell if traditional vitamin stores go the way of the dinosaur. But we know one thing: the rise of e-commerce gives us endless options at our fingertips, complete with reviews from real users who can help us separate hype from reality. And that’s good for all of us, any way you slice it.

domain: news


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Oppo F21 Pro Secures 68% Overall Growth
Oppo cracks the consumer code once again; offers an industry first and segment-first features which are most sought after by users, the company said.
Oppo, a global smart device brand, announced the phenomenal success of the F21 Pro since its launch. The device witnessed a whopping 68 per cent growth overall, the company said on Thursday.
The device was well received across the country, with the top 10 markets contributing more than 55% to the sales of the device. These include cities like Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Jaipur, and Kolkata among others, it said.
Damyant Khanoria, Chief Marketing Officer, Oppo India, said, “The Oppo F-Series has been very well received by users across generations, and the OPPO F21Pro has taken the success to newer heights. The success of the product is the result of the perfect synergies between the industry-first fibre glass leather design, the segment-first Flagship Sony IMX709 Selfie camera sensor and the go-to-market strategy based on an in-depth understanding of consumers and their needs. Together, we have created the recipe for success.”
Around The World


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The new color options of the Realme GT Neo 2T have been teased by the company ahead of its launch in China on October 19. The two new color options come in monochromatic colors. A notable tipster has also spotted the upcoming smartphone on Realme’s India website, indicating that the smartphone may launch in the country soon. The Realme GT Neo 2T is yet to be launched in China, and there is no official information on the specifications of the upcoming smartphone.
through a couple NS positions on weibo, my true form has teased that its upcoming smartphone – realme gt neo 2t – Will come in two color options. The Realme smartphone will be offered in Glaze White and Inky Black color options. realme gt neo 2t set launch In China on October 19th at 2pm CST (11:30am IST).
Separately, notable tipster is Mukul Sharma (@stufflistings) spotty Realme GT Neo 2T on the company’s India website. However, there is not much information available regarding the India launch of the smartphone as of now.
Earlier this month, the key specifications of the Realme GT Neo 2T were Tip Sharma, Tipster Digital Chat Station, and most recently by mysmartprice. The specifications of the upcoming smartphone are said to be similar realme gt neo 2 who is launch in India on 13 October. The Realme GT Neo 2T is said to sport the same 6.43-inch full-HD+ (1,080×2,400 pixels) AMOLED display with 120Hz refresh rate and a hole-punch cutout for the selfie camera. also called running Android 11.
The Realme GT Neo 2T packs a triple rear camera setup with a 64-megapixel primary sensor, an 8-megapixel secondary sensor, and a 2-megapixel tertiary sensor. The selfie camera will reportedly feature a 16-megapixel primary sensor. The phone is expected to come with a 4,400mAh battery and will be offered in two RAM + storage configurations – 8GB + 128GB and 12GB + 256GB.
The processor powering the Realme GT Neo 2T is still unclear as tipster Digital Chat Station has mentioned that it will pack a Snapdragon 888 SoC, while MySmartPrice reported that the phone will be powered by the MediaTek Dimensity 1200 SoC.


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New York:(IANS) The response by a company to a customer’s complaint on the micro-blogging site Twitter is likely to trigger many more such complaints, says a study co-authored by an Indian-origin researcher.
The team found that while addressing complaints on social media does improve customer relationship with the company, but it also increases customers’ expectations to receive help, and makes customers more likely to speak up in the future.
That is, responding to complaints will encourage even more complaints.
“Social media is a double edge sword. Companies need to watch out and weigh the plus side against the down side for marketing and service interventions,” said researcher Sunder Kekre from Carnegie Mellon University.
Along with Liye Ma of University of Maryland and Baohong Sun of Cheung Kong Graduate School of Business, Kekre examined the history of compliments and complaints by several hundred consumers of a major telecommunications services provider made on Twitter and the company’s responses.
“People complain on Twitter not just to vent their frustration. They do that also in the hope of getting the company’s attention. Once they know the company is paying attention, they are more ready to complain the next time around,” explained Ma.
Despite this side effect, addressing complaints is still worthwhile.
The improved customer relationship from such effort outweighs the downside of encouraging more complaints, the researchers observed.
The study was published in the Articles in Advance section of Marketing Science, a journal of the Institute for Operations Research and the Management Sciences (INFORMS).


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GERMANY: Puma Q3 Sales Up 15%, Raises FY Forecast
Strong demand for its sportswear and shoes in Europe, America and Asia pushed Puma AG's third quarter sales up 15 per cent and prompted the firm to raise its net profit forecast for the full year.
Pre-tax profit rose to €124 million from €104 million a year ago, and earnings before interest and taxes increased to €122.4 million from €103.8 million a year earlier.
Sales rose by 14.6 per cent to €460.9 million from €402 million euros a year ago. European sales were up 11.1 per cent to €314 million in the third quarter, while sales in the Americas region grew by 26.8 per cent in local currency.
Puma said it now expects a 35-40 per cent increase in 2004 net profit, up from its previous forecast of 30 per cent growth.
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New Delhi, Delhi, India, 5th November 2019: Marks & Spencer Reliance India, the iconic British brand, has continued its growth and expansion in the market with a strong financial performance in FY18/19.
Increasing market relevance
The growth this year in India comes as a result of increased local investment: including record number of store openings in a financial year alongside ongoing price and product quality – in order to broaden the appeal of M&S to more customers across the country.
With the M&S India collections balancing a mix of western contemporary fashion that M&S is famous for, alongside fabrics, colour, quality and price points that are attractive to local customers, the business has seen strong volume uplifts through the year.
For example, after shaping our denim range to local consumer tastes, we saw significant increases in sales volumes, with total denim sales up 86% year on year. The business also ran an Indian-specific marketing campaign, Rethink, the first of its kind outside the UK, in order to increase consumer awareness and drive footfall to stores.
Increased pace of store openings across market
M&S opened 16 new stores, including 7 standalone lingerie outlets, across the country and modernised a further 14, bringing the total number of stores to 83.
M&S is now open in 33 cities across India and has a presence across several different online marketplaces meaning customers able to shop with M&S more easily than ever before.
Commitment to local colleagues and talent
India remains the largest market outside of the UK for Marks & Spencer and our growth and expansion has been driven by our talented in-country colleagues. As our store presence grows, so does our team with over 500 new colleagues joining our business in the last financial year.
We were pleased to have attained our highest ranking in the Great Place to Work survey this year, as well as being recognised as one of the top 75 places to work for women in India. We will continue to invest in our team and their developments as they are a key to the delivery of our plans.
Looking to the year ahead our priorities will be to continue to upweight our investment into the market and maintain the pace of our store opening programme to ensure we are in the right places for our customers.
We will build on the success and popularity of our product offer, our made for India customer campaigns, by bringing more tailored & relevant product ranges in terms of fit and pricing, maintaining our quality and value to ensure we appeal to more customers than ever before.
And after modernising and doubling the capacity of our national distribution centre, we will look to improve our e-commerce operation so that we have a multi-channel offering that is competitive in today’s retail landscape.
James Munson, Managing Director M&S Reliance India said, “The team has been dedicated to driving growth across the business this year, which is reflected in our financial performance and I would like to thank all colleagues for their hard work. Consumers have more choice in today’s retail environment than ever before and they tell us they choose to shop with M&S because our ranges are appealing, competitive on price and they always have a great experience with us.”


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After announcing an apparel collab recently, Chainsaw Man just revealed a new luxury fashion collab with Japanese brand CA4LA.
This latest fashion collab features three luxe headwear, with each featuring a design based on a specific Chainsaw Man character, including Denji, Pochita, and Katana Man.
Chainsaw Man Collabs
The manga is one of Shonen Jump’s biggest recent hits, which was initially serialized in Weekly Shonen Jump from December 2018 to December 2020. After a break, the series started Part 2 in July 2022 on Jump+.
As of November 2022, the series has over 20 million copies in circulation, making it one of the bestselling manga series ever.
Given its popularity, the anime adaptation was one of the most anticipated in the Fall 2022 season.
Currently, the show continues to be one of the most discussed anime this season on various platforms, including Twitter and Reddit.
As the anime series aired, the show’s popularity continued to increase, enough that it received a wide range of merchandise and special collaborations.
One of the most recent ones is an apparel collab with Yohji Yamamoto’s Ground Y.
Even before the anime began, Chainsaw Man also teamed up with the Japanese brand Tasaki for a jewelry collection.
This collab was announced via a preview video that was shared on the official JUMP COMICS YouTube channel where it went viral among the series’ fans.
Chainsaw Man x CA4LA Fashion Collab
The anime’s latest fashion collab is with CA4LA (pronounced “kashira”), a Japanese fashion brand that was founded in 1997 and specializes in luxury headwear.
There, the three items in the collection were revealed, including their prices and release date.
The items and their prices are listed as follows:
- Katana Man marine cap – JPY 13,750 (around USD 101)
- Denji bucket hat – JPY 11,550 (around USD 86)
- Pochita baseball cap – JPY 9,990 (around USD 74)
The Chainsaw Man x CA4LA cap collection will be released in Japan on December 9, 2022, and it will be available in CA4LA stores and online shops.
As with the other collaborations, this new collection will be released in Japan only.
Discover more anime news and info by following us on Twitter @epicstreamanime.


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In 2008, a journalist in Finland wrote a letter to Nokia complaining that its smartphones were difficult to use, prompting a confidential response acknowledging desperate efforts to catch up with Apple's new iPhone. One year later Nokia announced MeeGo, and the following year it made plans to shift to Windows Phone. The company is now being sold off for scrap.
Apple continues to gain share in the worldwide smartphone market, as the latest data shows the iOS mobile operating system accounted for nearly a quarter of all smartphones shipped in the first quarter of 2012.
The launch of the iPhone 4S last October had an "enormous impact" on the U.S. smartphone landscape, boosting Apple's share among new buyers by almost 20 percent and putting it neck-and-neck with Android in December.
With a limited number of iPhone models taking on a plethora of Android-powered handsets from multiple manufacturers, Apple's iOS actually lost market share in the worldwide smartphone market last quarter despite growing sales, according to the latest sales data from Gartner.
Nokia reacted quickly on Wednesday to a report claiming its phone business was acquired by Microsoft for $19 billion, calling it "baseless." But one Wall Street analyst had another word to describe a hypothetical deal between the two companies, at least for Apple investors: "heaven."
The U.S. International Trade Commission announced Thursday that it will conduct a review of two of Nokia's patents in an infringement case against Apple, while dropping the remaining three from the investigation.
Nokia launched new Symbian smartphones that appear to be the platform's last gasp before shifting to Windows Phone 7, while also describing developer opportunities related to its mothballed platform in its Ovi Store.
Gartner's latest forecast for worldwide smartphone operating system market share predicts that Google Android will be present on nearly half of all handsets sold next year, while the iPhone and its iOS operating system will account for 19 percent of units sold.
A new forecast of the global smartphone platform market from research firm IDC has predicted that Microsoft's Windows Phone platform will see a resurgence in the next four years, overtaking Apple's iOS platform which powers the iPhone.
Commenting on Nokia's recent announcement that it will abandon its Symbian mobile operating system on smartphones in favor of Microsoft's Windows Phone OS, one analyst claimed that Apple could stand to benefit from the transition.


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The battle against the proposed merger of ticket sales giant Ticketmaster and concert promoters (and soon to be record label) Live Nation just got local. Hours after the deal received its first stamp of approval from the United Kingdom’s Competition Commission on Dec. 22nd, Billboard‘s Top Club of 2009, Washington‘s 9:30 Club, released a statement to their e-mail subscribers lambasting the proposed merger and asking to concert-goers to submit letters of protest to the Department of Justice.
Entitled “Concert Fans Beware,” the message — which also counts The Black Cat, Merriweather Post Pavilion, The Ram’s Head and various local promotion outfits, including the 9:30’s own I.M.P. Productions, amongst its signatories — calls the combination of Ticketmaster and Live Nation “a train wreck about to happen” and suggests that fans will be the first to feel the pinch “if the two most powerful corporate interests in the live concert business get their way.” Here’s an excerpt:
As a concertgoer you have already felt the pain, and if Ticketmaster and Live Nation get their way, it’ll get worse. In the last 12 years, since Live Nation and its predecessor started its widespread takeover of the concert industry, concert ticket prices have shot up 82% while the consumer price index has gone up just 17%*. We are concerned that if the two concert industry behemoths, Live Nation and Ticketmaster, are permitted to merge, the variety and quality of artists coming to local venues will be affected, and your costs could rise further and faster.
(Read the statement in its entirety after the jump.)
The 9:30 Club — which split with Ticketmaster almost a decade ago to take up with their competitor, Tickets.com — is far from the first live music bigwig or social advocate to oppose the multibillion horizontal and vertical merger of the two music biz titans. Earlier this year, the always touring Bruce Springsteen publicly denounced the proposal, saying that it will create “a near monopoly situation in music ticketing.” At present, the merger remains under review in the U.S. and Canada with no date yet set for a final ruling.


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For once, his business acumen seems to have deserted him as former fashion journalist Alisa Marks, has managed to take the T-shirt off his back.
In order to bankroll the divorce, Mr Marks, 58, has been forced to sell stg£40m of his shares in the business he built into a huge empire worth hundreds of millions of pounds.
The split is estimated to cost him at least stg£50m and the sale of shares in the clothing retailer will only part-finance the hefty settlement.
The sell-off forms part of a much larger deal in which he has already bought his estranged wife a new mansion and handed over their holiday home in the Caribbean island of St Barts.
It is one of the costliest partings in history, eclipsed only by the bust-up involving Jersey-based building tycoon Steve Morgan. A one-night stand cost him an estimated stg£100m when his wife, Pamela, found out that he had been playing away from home.
An announcement on the London Stock Exchange, French Connection said that Mr Marks, who is chairman and chief executive, would be selling between eight and nine million shares "to meet personal requirements." Like his marriage, the shares took a tumble, falling 29p to 430p.
Marks, who set up the company infamous for its controversial FCUK advertising campaigns (French Connection UK), separated from Alisa, 38, late last year. They have been married for 10 years and have two daughters and a son.
The couple were well known fixtures on the European fashion circuit and counted Madonna and Sting among their friends.
Mrs Marks moved out of the stg£10 million family home in The Boltons, the most fashionable part of Chelsea, taking the children Ella, Joshua and Eva to live with her. They moved around the corner to South Kensington.
Mr Marks began his career in fashion after giving up hope of becoming a professional tennis player. In his youth he once played at Junior Wimbledon and recently paid to play doubles with Tim Henman on Centre Court.
It will be singles from now on, though, at least on the home front.
Pamela and Steve Morgan: An affair cost the Jersey building tycoon £100m, including a £26m company stake.
Terence and Caroline Conran: Ms Conran won a landmark case when she was awarded £10 million against her interior designer husband. "All she did was cook a few dinners," he fumed.
Abdullah Mastry and Mona al-Khatib: A British court ordered Mr Mastry to pay his former wife £26.3 million after he abducted his four children from their home two years ago. He argues he is subject to Islamic law which forbids divorce.
Zeta and Francois Graff: Greek-born actress Ms Graff was handed £10 million of the diamond heir's £160m fortune. She celebrated with a caseload of £600 bottles of vintage Cristal champagne.


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Even very soon after its release the iPad seemed to be doing particularly, and in some ways, surprisingly, well in the corporate world. Companies adopted it very early on, unlike the iPhone which took a little longer for business to warm to. It appears that trend is continuing, judging by a story on Tech Trader Daily which notes a report by Barclays Capital analyst Ben Reitzes, who says that the iPad is â€œrunning far ahead of its tablet competition and itâ€™s their game to lose.â€ Reitzes came to this conclusion following a conference call with a research analyst at Forrester Research about how the iPad is faring in the corporate world. Reitzes goes on to say that there is room for other companies, such as Google with the Android and RIM with the Playbook, but presently, Apple is way in the lead, and is the â€œWinner in the consumerization of IT.â€ According to the report, Forrester believes the tablet computer can co-exist with smartphones and laptops, but having a tablet does tend to delay laptop replacement.
Finally, the report reveals that Barclays is expecting great things of the iPad this year, predicting that of the 47 million estimated tablet sales expected in 2011, 33.7 million of them will be iPads.
Source: AAPL: iPad Leading In IT â€˜Consumerization,â€™ Says Barclays - Tech Trader Daily - Barrons.com


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- GCR USA
News & Analysis
Several major platforms, trade groups and governments have cautioned the European Commission not to adopt new market investigation powers without first properly assessing the need for such a wide-ranging and influential tool.
06 July 2020
The UK’s Competition and Markets Authority has called for a new regime to regulate the online economy, after its digital advertising study found the market power of Google and Facebook is causing substantial harm to “society as a whole”.
01 July 2020
In preparing a bipartisan report on the state of competition in digital markets, the House of Representatives antitrust subcommittee has sought a diverse range of expertise.
29 June 2020
Norway’s government could introduce a competition test to increase access to food retail space, as the country continues its focus on competition in the grocery market.
22 June 2020
The European Parliament has passed a resolution advising the European Commission to adapt its competition enforcement tools and step up international cooperation, while calling for greater protection of industrial champions.
19 June 2020
France’s Competition Authority is studying the competitive effects of new payment systems like Apple Pay and Google Pay on the financial services market.
20 May 2020
The European Commission is seeking experts to conduct a five-month study into the gatekeeping power of digital platforms.
11 May 2020
Japan’s competition watchdog has urged banks to review their interbank transfer fees, which have remained unchanged for over 40 years.
23 April 2020
The UK’s competition enforcer is increasingly sharing forensic and data-collection expertise with sector regulators to strengthen their competition enforcement powers.
20 April 2020
Facebook and Google have disputed findings and proposals contained in the UK Competition and Markets Authority’s interim digital advertising report, including the creation of a code of conduct for some platforms.
14 April 2020
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Uber has reportedly begun considering two offers to sell existing shares in a move that could eventually oust a shareholder suing the ride-hailing company.
The New York Times reports that Uber’s board has voted to move forward on two offers to buy shares of the company at a discount from Uber’s estimated $68.5 billion worth. The private company has reportedly agreed to take the next steps on offers from Japanese banking giant SoftBank and a consortium of investors led by Dragoneer Investment Group. While the offers are still preliminary, meaning the potential investors are still doing due diligence, one could potentially lead to the ousting of Benchmark Capital, the Times reports.
Uber’s board is also reportedly considering a separate offer from investors led by Shervin Pishevar.
Benchmark has become a headache for Uber in recent days. The venture capital firm is suing Uber founder Travis Kalanick, saying the former CEO duped Benchmark into giving him three board seats. Not long after the lawsuit, a group of Uber investors, including Shervin Pishevar, sent a letter calling on Benchmark to step down from Uber’s board and divest its shares.


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Apple HQ Targeted By Large-Scale Hacking
By Fionna Agomuoh | February 20, 2013 8:40 AM EST
Apple was struck Tuesday by a large-scale hack that is being called “highest-profile cyber-attack to date on businesses running Mac computers,” affecting not only Apple headquarters computers, but also several “other companies” that work with Mac devices.
The company told Reuters in a statement that the hack originated when Apple workers attempted to visit a software developer’s website infected with malware.
The malware, designed to specifically target Macs by “exploiting a flaw in a version of Oracle Corp's Java software used as a plug-in on Web browsers” was also used to hack Facebook, the social media company revealed Friday.
"Apple has identified malware which infected a limited number of Mac systems through a vulnerability in the Java plug-in for browsers," the company said.
"The malware was employed in an attack against Apple and other companies, and was spread through a website for software developers."
While Apple has not disclosed exactly how many companies have been affected by the cyber-attack, a person well-versed on the investigation said hundreds of companies have had their computers infected with the malicious software, or malware, according to Reuters.
"This is the first really big attack on Macs. Apple has more on its hands than the attack on itself," the source, who requested to remain anonymous, told Reuters.
Apple hardware has notably evaded the attention of hackers who tend to target PCs that run the Windows operating system; however, the criminal hackers are now taking the time to learn techniques of infiltrating the system.
"The only thing that was making it safe before is that nobody bothered to attack it. That goes away if somebody bothers to attack it," Charlie Milller, Apple security expert and co-author of the “Mac Hacker's Handbook,” told Reuters.
One newly adopted techniques in particular has hackers exploiting a flaw in Adobe Systems Inc's Flash software, Miller detailed.
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- Australia Special Forces Await 'Delayed' Iraqi Visas Before Joining ISIS Fight


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New electric trucks in the US help reduce emissions in land-based operations
We are happy to announce that Keen Transport, the US-based trucking company, part of the Wallenius Wilhelmsen group, is the latest area of our business to make investments to reduce the carbon emissions of its operations by partnering with Swedish freight mobility company Einride.
Sustainability and safety
Einride will provide Keen with a turnkey mobility solution including battery-electric (BEV) trucks that will be used for shuttle moves between the Port of Savanah, Georgia, and our nearby processing center in Pooler. Einride will also support the deployment of these trucks including driver training, charging infrastructure and date insights
“This investment demonstrates our commitment to reducing the carbon footprint of our land-based operations and our customers’ supply chains. These efforts will allow us to realize our ambitions to provide zero-emissions logistics services,” says Mike Hynekamp – chief operating officer, logistics.
Reducing greenhouse gas emissions remains one of our top priorities, and these trucks can serve as a crucial step towards meeting our goal to bring down our carbon intensity by 27.5 percent by 2030 – compared to 2019.
While many BEV and other alternative-fueled trucks are being deployed for a variety of purposes, these new trucks will allow Keen to be a forerunner in zero-emissions trucking in the heavy haul industry.
For now, the trucks will be used for machines and parts loads of less than 80,000 pounds. The trucks will haul loads using Keen’s existing fleet of specialized trailers. Drivers will also enjoy the perks of having a new truck with the latest safety features.
Mike Rye – senior vice president high & heavy services, North America said it was crucial to ensure the electric trucks could support the size of the loads and complete the turnaround times of the existing trucks.“The average loads we haul for the construction and mining industry are large and heavy. We have run numerous tests to determine the load capacity and charging needs so that we can continue to operate in the efficient and timely manner that our customers are accustomed to,” says Rye.
The partnership with Einride was in large part due to the work of our internal digital accelerator, which seeks out and works with innovative companies to find technology solutions that can improve our operations.
Roopesh Das, SVP digital & IT, digital accelerator, says “The Digital Accelerator is an open innovation platform, that fosters collaboration between external partners and our business units. It's a creative nexus where cutting-edge technologies and novel business models join forces to create impactful and meaningful solutions, that can be piloted, deployed, and scaled rapidly. He continues: “Together with our transportation experts, the digital accelerator and Einride worked for more than a year to source the trucks and necessary support to make this a reality.
As technology and business models accelerate rapidly, tackling pressing industry challenges, like the shift to zero emissions, demands a holistic, ecosystem approach. Roopesh says “By fostering active collaborations across technology sectors, customers, industry, government, and academia, we can make a tangible impact. The launch of this service exemplifies the power of partnerships.”


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The growth of gaming apps on phones appears to be detracting from “primary” mobile gaming units like the PSP and the DS, according to reports from market research firm Interpret.
“The proliferation of highly multifunctional smartphones and messaging phones is a very real threat to the dominance by the DS and PSP of the handheld gaming market,” Interpret’s Courtney Johnson, manager of Research and Analysis, said in a press release. “Devices which satisfy a variety of entertainment and utility are fast outstripping single-function devices as consumer favorites.”
Some of their statistics report that forty-four percent of the mobile gaming market play their games on their phone, “while the proportion of those who play on the DS or PSP has fallen by 13 percent.” Twenty-seven percent of mobile gamers also stated that they played games on their phones exclusively, despite owning a PSP or DS.
Even with future handheld devices looming, Wedbush analyst Michael Pachter isn’t optimistic about the future of “single function devices” as mobile gaming units. “Ultimately, I think handhelds are in trouble,” he said. He predicted that the PSP2 would be “dead on arrival,” although he did admit that he believed handheld gaming would have a “little rush” after the 3DS launch.


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TM ONE, the business and public sector solutions arm of Telekom Malaysia Bhd (TM) and its wholly-owned subsidiary company, PT VADS Indonesia (PT VADS) has recently inked an agreement with Korean company, FNS Value Co Ltd (FNSV).
In a joint statement today, the parties said the agreement was to appoint PT VADS as the sole distributor of FNSV’s Blockchain Secure Authentication (BSA) for the Indonesian market.
The signing ceremony was conducted virtually, with TM ONE executive vice-president and chief executive officer Ahmad Taufek Omar, PT VADS chief executive officer Saravanan Belusami and FNSV chief executive officer Jeon Seung Ju representing their respective companies.
“We believe that BSA solution is the answer to security issues of digital transactions, and this is very essential as almost all transactions are done digitally in the current business environment.
“By using BSA, consumers will no longer have to remember their passwords to perform transactions on any devices. The BSA will definitely pave the way for more digital lifestyle and businesses,” said Ahmad Taufek.
BSA is a password-less authentication solution powered by blockchain verification technology that is impossible to penetrate.
“This will benefit all businesses and industries that require strong and trusted authentication services for web, mobile login and secure access for online-based transactions, especially for Internet of Things (IoT) and Smart Services,” the parties said. – Feb 16, 2021.


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CCN Yachts has announced that work on the 68m M/Y Day’s is proceeding on-budget and according to schedule, with delivery of the first vessel from the new Ice Yachts range planned for the end of next year. The news was announced at the Monaco Yacht Show last week.
When completed, M/Y Day’s will accommodate 12 guests including owners. The owner’s area occupies the entire upper deck and is characterised by a spacious cabin forward.
The apartment-like feel is created by the use of large continuous full-height windows. Two large walk-in wardrobes, two generous en-suite bathrooms, plus a gym and massage room are also present.
The guest area is on the main deck with three big VIP cabins, one guest cabin with single beds and an additional supernumerary cabin. All guest cabins are equipped with en-suite bathrooms and walk-in closets.
Crew accommodation is provided for up to 18 crew members on the lower deck, plus the captain’s cabin on the bridge deck.
The yacht has five decks, with an overall length of 68m and a beam of 13m. According to CCN, the internal volumes are one of the biggest strengths of the M/Y Day’s. Interior headroom on the main and upper decks reaches 2.7m. Full-height windows emphasise space and create a direct rapport to the exterior environment.
M/Y Day’s estimated delivery date is for the end of 2018.


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Motivate Publishing, the GCC’s leading premium publisher of multi-media magazine brands including Campaign, is pleased to announce that it has launched FourFourTwoArabia.com, under license from Haymarket Media.
The hugely popular football title was launched in the UK in 1994 and has since grown to become the market leader, with licensing partners across the world, thanks to its insightful, knowledgeable and fun content.
Covering all aspects of Middle East football – including club and international teams – as well as all the best from the English, Spanish and European leagues, FourFourTwoArabia.com will be available in English and Arabic editions.
Ian Fairservice, Motivate’s managing partner and group editor-in-chief, said: “Launching FourFourTwoArabia.com is an exciting opportunity for Motivate. We look forward to creating a new channel for the avid football fan that will add to Motivate’s growing digital audience in the region.”
Mark Evans, Motivate’s group editor for entertainment, lifestyle and digital, said: “The launch of FourFourTwoArabia.com will be huge for football fans in the region. We intend to get under the skin of all the major leagues in the Middle East, including Saudi Arabia, Egypt and the UAE. And as a massive football fan myself, this really is a dream job.”
Anthony Milne, Motivate’s chief commercial officer, said: “FourFourTwoArabia is an important addition to Motivate’s growing digital business. Our platforms, which include whatson.ae, emirateswoman.com and gulfbusiness.com, as well as our video and content creation departments, are seeing unprecedented growth. FourFourTwoArabia will further engage our audiences with a product that is of mass appeal to the avid football fan at a time when there is immense focus on the sport in the region, with the upcoming FIFA Club World Cup and the FIFA World Cup in 2022.”
The site’s new editor, Ali Khaled, said: “With it being World Cup season, and with the 2019 AFC Asian Cup in the UAE, 2022 World Cup and the ongoing AFC Champions League to look forward to, there is an increasing demand for regional football stories from around the world. There is a real opportunity to produce strong stories from the Middle East in a fresh, modern way, as well as continuing to cover the global game in the way that the FourFourTwo brand has become known for.”


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Federal Court Dismisses Ntegrity's Antitrust Claim Against Verizon
Our editorial transparency tool uses blockchain technology to permanently log all changes made to official releases after publication.
More of our content is being permanently logged via blockchain technology starting [10.23.2020].
TRENTON, N. J. -- The U.S. District Court here last night dismissed an antitrust case filed against Verizon by Ntegrity, a reseller of Verizon local telephone service in New Jersey and other states.
Ntegrity brought the antitrust case after Verizon sued to collect past-due bills totaling $4 million owed to Verizon by Ntegrity. The court also denied Ntegrity's motion to dismiss the Verizon suit for payment of past-due bills.
"Like all competitors who buy service from us, Ntegrity must pay for that service. The court's decision once again proves there is no free lunch," said John Thorne, senior vice president and deputy general counsel for Verizon.
Ntegrity's lawyers admitted during hearings in the New Jersey court that AT&T, a principal Verizon competitor, was paying Ntegrity so that its lawyers could pursue the antitrust case.
In the decision, U.S. District Court Judge Garrett E. Brown, Jr. said: "The antitrust laws were designed to promote free competition and enhance consumer access to services, not to be an end-run around legislation imposing very specific duties. Therefore, Ntegrity's antitrust claims will be dismissed. "
Under the Telecommunications Act of 1996, local telephone service may be purchased at a discount from existing phone companies and resold to consumers by companies like Ntegrity.
Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States, with 135.1 million access line equivalents and 30.3 million Verizon Wireless customers. Verizon is also the largest directory publisher in the world. With more than $67 billion in annual revenues and approximately 241,000 employees, Verizon's global presence extends to more than 40 countries in the Americas, Europe, Asia and the Pacific. For more information on Verizon, visit www.verizon.com.


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On Sunday (July 3), former Goldman Sachs executive Raoul Pal talked about why he is so excited about the new Web3-focused business (ScienceMagic.Studios) he has recently co-founded.
Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund in London for global asset management firm GLG Partners (which is now called “Man GLG”). Before that, Pal worked at Goldman Sachs, where he co-managed the European hedge fund sales business in Equities and Equity Derivatives. Currently, he is the CEO of finance and business video channel Real Vision, which he co-founded in 2014.
ScienceMagic.Studios describes itself as “a digital asset venture studio” that advises and implements “the creation of digital assets (e.g., NFTs and social tokens) and web3 economies for brands, talent and their communities.”
Its three founders are David Pemsell, the former CEO of Guardian Media Group; Kevin Kelly, who is “a co-founder of Delphi Digital, the leading research & consulting firm dedicated to web3 and digital assets, and a partner at Delphi Ventures, the firm’s investment arm”; and Raoul Pal.
As The Block reported on June 14, the firm “raised $10 million in pre-seed funding” from an impressive set of backers that included Coinbase Ventures, Digital Currency Group, and Liberty City Ventures.
Earlier today, the Real Vision CEO took to Twitter to explain what his new firm is trying to do:
He went on to say:
- “Our mission is to tokenize the worlds largest cultural communities – music, fashion, movies/book/TV franchises and sports – utilizing NFT’s, social tokens and metaverse to build community, utility and experience.“
- “There are $63trn of intangibles on global balance sheets of corporations. Tokenization turns brand and community into tangibles and shares the utility and network with the community. It is potentially the biggest change in business models in a very very long time.“
- “We’ve been alluding to this for a long time! It is one of the biggest opportunities in Web 3, helping big brands move into Web 3 in the right way – creatively but cautiously and meticulously. We are already in talks with some monumental people/brands. Really, really exciting!“


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Women are seen shopping at a mall in Dubai.
Gulf Today Report
Amid the on-going situation between Palestine and Israel, many countries have shown support to the innocent Palestinian lives lost. The UAE is one of them. The emirate of Dubai shows their support to the Palestinians.
Social media is flooded with the painful cries of innocent lives and their bloody experiences leaving audiences fuming.
UAE residents are spreading the word to try and boycott products that support Israel amid this tension.
Harvey Nichols in Dubai which sells exclusive designer brands & products is removing Cult Gaia after their owner showed support for Israel on social media.
The owner of the store, Jasmin Larian, made her Instagram page private after everyone objected on her post which openly declared that she supports Israel’s decision to defend itself.
Other than Harvey Nichols, Bloomindales and Farfetch also joined the boycott.
In total 212 Palestinians have been killed in Gaza, including at least 61 children, and more than 1,400 wounded — whilst in Israel, ten people have died, including one child, with hundreds injured, according to officials on both sides.
Your wedding dress doesn’t have to cost an arm and a leg. With the help of Dress Come True, an online marketplace where buyers and sellers of pre-loved wedding dresses can connect, you can get it for a budget-friendly price.
Esteemed fashion designer Salita Nanda is launching her latest collection, Ophelia, exclusively at the Numaish Summer Show, which will be held on April 19 and 20 at the Godolphin Ballroom in Jumeirah Emirates Towers, Dubai.
Summer doesn't have to be the season of bad hair days, says an expert. A healthy blend of proteins and rich natural oils will provide the extra nourishment that your hair needs during the hot months.
The Tesla founder comes up with a novel method to see how people approach problem-solving and process information.
Meanwhile, diseases that scientists and government officials link to poor nutrition have sky-rocketed, straining Mexico's health system.
From old denim fabrics, Afghan refugee Bagher Husseini fashioned a pair of baggy jeans with fringed patches that he hopes will be paraded down a French catwalk later this year.


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Hello, and greetings from Shunyi, Beijing where it is Tuesday 25th August.We are expecting 35* and light rain. A pleasant day!In this post we are doing something a little different. Introducing a new media source. China Plus. OK, China plus is not exactly new, it’s been around a while, we have been evaluating it orContinue reading “New China News Link”
How Loyal ARE Your Chinese Customers- Really? We originally posted this some time back as a result of a poll taken to test NZ consumers willingness to change brands given environmental concerns. That was back in Feb 2020 before the Covid virus had really became aggressive outside China.


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We’ll connect you with the latest technology transforming the world around us and beyond
3 min read
by Ryan Dunn
from the Telstra TV team
9 min read
We’ve got your January long weekend sorted, with the latest movies, comedies and dramas streaming right now on Telstra TV. Check out some of our fresh...
by Clive Reeves
Deputy Chief Information Security Officer
2 min read
Microsoft is warning Internet Explorer users to be hyper-vigilant to phishing attacks after it discovered a major flaw in the web browser was being actively exploited by hackers.
Did you know that Microsoft has discontinued its support for Windows 7 operating system? That means you’ll no longer receive important security updates, and worse still, there’s a new vulnerability with Windows 10 you need to be mindful of that affects both the old and the new operating system. Here’s the immediate action you need to take.
by Smarter Business
5 min read
There are ways to identify, avoid and recover from a phishing attack if it happens to you.
by Luke Hopewell
Senior Specialist Writer
7 min read
The world of the future is put on display at the annual Consumer Electronics Show (CES) 2020. But sprinkled amongst the life-changing apps, bots and gadgets is a smattering of the truly weird and wonderful. Here are our favourite oddities from the show floor this year.
Citrix is advising customers that cyber attackers are performing scans to find organisations vulnerable to a security flaw in the Citrix Application Delivery Controller (ADC) and Gateway products. It is important that customers are aware that a working exploit to this threat has been published on the internet and to take immediate action.


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Jan 4, 2013, 03.48 PM IST
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Tablet market in India: Winners & losers
Tablets seem to be one of the fastest-growing market segment in the country. The segment is witnessing plus-90% growth quarter-on-quarter and is expected to continue the dream run in 2013 as well.
So, what is it that is driving the tablet market in India? Who are the leading manufacturers? What are the most-sought after specs in tablets? What are the price points hottest selling tablets fall in? Read on to find out all this and much more.
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Samsung beats Micromax
Micromax was leading the Indian tablet market in Q2 2012, riding high on its Funbook series of budget tablets. However, the company lost the pole position to Samsung in the following quarter.
In Q3 2012, Samsung held 23.9% of the market, while Micromax took 15.3% of the pie. The other major manufacturer in CyberMedia’s report is Datawind, the manufacturer of Aakash 2, with 12.3% market share. Interestingly, Datawind’s sales volumes for the report included only the Ubislate range, not Aakash 2.
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Tablets sales jump 99%
Approximately 1.1 million tablets were sold in the Indian market between July and September 2012. This amounts to a 99.3% increase on quarter-over-quarter basis and 1,026.5% increase when calculated year-over-year. The research report also pegged the total tablet volumes in India at 3 million units by the end of 2012....Read more
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See, what sells
The research report highlighted the fact that Indian tablet market remains centred on budget devices. Though the Average Sales Value (ASV) of tablets sold in India was Rs 13,200, 63.5% of these were priced below Rs 10,000....Read more
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Specs in demand
63.2% tablets sold in India in Q3 2012 were Wi-Fi-capable and 77.9% had a 7-inch screen. Android powered 91.3% of the tablets sold during this period and 62.9% lacked voice calling functionality. A 1GHz processor was seen in 62.8% tablets sold in Indian between July and September last year, while 56.4% had 512MB RAM....Read more
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Tablets in 2013: What will rule
The research report also threw up some interesting predictions for the Indian tablet market in 2013. It said that the size of the market will double this year, driven by new launches and increase in adoption of tablets in enterprise sector. The report went to say that the total number of units sold may even cross 6 million if government acquires tablets in order to distribute among students.
Other major predictions for 2013 are rise of Windows 8-powered as well as LTE-enabled tablets and fall in manufacturers targeting the sub-Rs 5,000 segment.
The year 2013 will see tablet market in India crystallise around three price points: Rs 5,000-10,000; Rs 15,000-20,000 and above Rs 35,000. According to the report, some vendors may have to go for price corrections to fit in their devices within these three price segments.


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Airtel Completes PAN-India 4G Footprint with 4G Services in Assam
Bharti Airtel, India’s largest telecom network operator has extended its 4G footprint to Assam and thereby completed PAN-India 4G roll out. Starting with the towns of Dibrugarh and Tinsukia, Airtel has announced its extension of 4G services to the state in North-eastern India.
Airtel’s Look East Policy:
As per the statement, the telecom network operator has now rolled out 4G services in Assam using TD-LTE technology in the 2300 MHz band but will set up FD-LTE technology in 1800MHz spectrum band in the upcoming weeks. With this high-speed mobile broadband, the Airtel subscribers can enjoy seamless HD video streaming experience across multiple devices including smartphones, Mi-Fi dongles, and 4G hotspots.
Addressing the launch of 4G services in Assam, Mr. Sameer Anjaria, CEO, Airtel North Eastern States and Assam, Bharti Airtel, said: “With the launch, customers can also look forward to exciting data offers, and choose from a host of affordable tariff plans that offer great value.”
Bharti Airtel 4G Offers:
The company has offered free SIM upgrade to 4G and launched a host of 4G offers to enjoy the seamless streaming experience on the Airtel 4G network. The subscribers with a new 4G enabled handset can avail 10GB of 4G data at just ₹249. While the ₹249 recharge will give an instant credit of 1GB of 4G data and the remaining 9GB 4G data needs to be claimed through MyAirtel app. It is to remind the users that they can avail a maximum of 3 recharges within 90 days of the offer period. This recharge effectively offers 1GB of 4G data at just a throwaway price of ₹25.
As stated earlier, Bharti Airtel’s 4G footprints now match Reliance Jio in the presence and is committed to improving the network quality through Project Leap for which the telco is investing ₹60,000 crore over the next three years.


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Many members of the cryptocurrency community have been viewing Bitcoin as a safe haven asset. However, a Professor from South Korean and the Chairman of Forbes Inc. call out Bitcoin’s volatile nature. Is Bitcoin Cut Out To Be A Safe Haven Asset? It’s been more than a decade since Bitcoin hit the market. Touted as […]
Bitcoin has seen a number of scaling improvements over recent years. For instance, Segregated Witness (SegWit) has seen mass adoption by cryptocurrency users and service providers, decreasing transaction fees by increasing the number of transactions that can squeeze into a block. There have also been positive developments made with the Lightning Network — the second-layer […]
Ethereum has flashed signs of immense strength in recent times, as the cryptocurrency was able to rally to highs of $245 while Bitcoin and most other altcoins only saw tempered gains. Although this uptrend has flashed some signs of stalling as it struggles to gain a foothold within the $240 region, analysts are noting that […]
Continue reading at Coinspeaker
India has been one of the most notable emerging economies in the world in the last few decades. It currently stands at seventh place with a nominal GDP of $2.72 trillion and it is expected to overtake the United Kingdom in years to come. India’s PM Narendra Modi envisioned a dream of making India a […]
Coinspeaker Bitcoin Price & Technical Analysis: BTC Cannot Help Selling On Thursday, October 24th, the BTC keeps falling, trading around $7394.68. Bitcoin Price & Technical Analysis: BTC Cannot Help Selling Continue reading at Coinspeaker
Determining Bitcoin’s value and its trend is not an easy task. However, some experts and crypto traders believe that by analyzing BTC’s network activity, they can establish the cryptocurrency’s value. Travis Kling: “Network value should be a function of network activity.” Stock analyst and traders have at their disposal various indicators originated from financial statements, […]
Leveraged and margin trading can help boost demand for an asset, increasing liquidity within a given market.
At least a dozen startups are now betting on the profitability of bitcoin birthing a “Lightning Economy.” Is it too soon?
Leading cryptocurrency exchange Binance has formally introduced its accelerator program for blockchain and cryptocurrency development. The exchange announced the launch of Binance X, a project that is designed to provide blockchain developers with some of the resources needed to power their work. The program includes educational direction as well as tools and channels for online […]
A political and financial shake-up can act as a catalyst for lawmakers to embrace bitcoin, says Nigel Green. The CEO of financial advisory giant deVere Group said positive cryptocurrency regulation should form a central part of the post-Brexit United Kingdom. Nigel Green made the comments in an interview with fintech news outlet Verdict on July […]
The crypto markets have been on the up-and-up for the past several weeks, and Bitcoin just recently set fresh year-to-date highs in the mid-$8,000 region. Despite this, the upwards momentum that have incurred since early-April was put in jeopardy late-yesterday when BTC plummeted below $7,000 before quickly bouncing back into the $7,000 region. Despite some […]
Company continues to build additional merchant tools into its innovative payment processing platform AVENTURA, Fla., March 14, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — South Florida fintech company CLIC Technology, Inc. (OTC Pink: CLCI) (also known as the “Company”), announced today that its team of software engineers is finalizing cutting-edge software that would […]
CBC reports that four Canadian men are wanted in connection with conducting double-spend attacks against Bitcoin ATMs in four cities. A total of 112 transactions are alleged to have taken place in September last year, with half of them taking place in Calgary. The other attacks took place in Winnipeg, Toronto, Montreal, Sherwood Park, Ottawa […]
A new blockchain startup was launched today called CasperLabs. Aiming to build a proof-of-stake blockchain based upon the seminal work of Ethereum Foundation researcher Vlad Zamfir, CasperLabs has announced Zamfir as lead consensus protocol architect to the project.
According to The Times of India, money transfers cost citizens and non-residents over $2.3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance. Nischal Shetty, the CEO of local Bitcoin exchange WazirX, said that the dominant cryptocurrency could bring down remittance costs to near zero. Dear @arunjaitley […]
Token Relationship Management (TRM) has received $1.7 million from investors like Blockchain Capital to provide cryptocurrency startups with solutions to stay compliant with local regulations. Staying compliant in an ultra-confusing and ever-changing regulatory landscape is not easy for your average cryptocurrency startup looking to actually stay complaint as opposed to simply exit scam with users’ […]
The GDPR has lofty goals when it comes to protecting consumer privacy. But even if you’re opting out and blocking cookies, you’re still being tracked. According to a group of privacy advocates in Europe lead by Brave privacy browser, advertisers can even track victims of sexual abuse. GDPR Not Stopping Behavioral Ads Behavioral advertising has […]
Security firm SlowMist has come out with a public analysis of the latest chain attacks seen on ethereum classic.
Bitcoin’s transaction fees have recently hit a low they hadn’t seen in over three years, as according to BitInfoCharts the median transaction fee on the flagship cryptocurrency’s network is just $0.029. As pointed out by cryptocurrency community researcher Kevin Rooke on Twitter, the Bitcoin network hadn’t had fees this low since October 2015, when it […]
CoinSpeaker On the 12th Day Coinbase Donates $25,000 Worth of Bitcoin to Help Domestic Violence Victims In Coinbase they decided to end their 12 days long feature with the announcement about what crypto can do now and their hopes for a more inclusive blockchain. On the 12th Day Coinbase Donates $25,000 Worth of Bitcoin to […]
A new cryptocurrency exchange has partnered with a satellite operator to give blockchain access to people without the internet in developing countries. Supreme Global Holdings (SGH) has launched a new cryptocurrency exchange, SupremeCrypX and is partnering it with its satellite operator company SupremeSAT. The objective of this partnership is to provide access to cryptocurrencies — […]
In the supermarket on any given day, you’d usually expect to find an array of fresh fruit and vegetables, some of which are available all year round regardless of the growing season. We’ve become used to seeing strawberries, melons, and tomatoes on shelves irrespective of the local temperatures. In today’s connected world, these goods are […]


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Philadelphia Cream Cheese and 9 Other Companies Rebranding
Philadelphia Cream Cheese spreads the news of "no artificial flavors."
April 2, 2014— -- intro: Start spreading the news. Kraft's Philadelphia Cream Cheese announced today that it is adding more fruits and vegetables to its cream cheese brand. The 140-year-old company says it's adding more real fruits and vegetables to its many flavors.
Here's more about Philadelphia Cream Cheese and other brands that have tried to revamp their images to recapture consumers' hearts.
quicklist:title: Philadelphia Cream Cheesemedia: 23161785text: With the announcement, now 22 of Philadelphia Cream Cheese spreads, such as Strawberry, Garden Vegetable, and Chive & Onion, have "no artificial flavors," the company said. The eight-ounce containers now have a new look and stackable shape that prevent the product from shifting on store shelves, the company said.
In a statement explaining the shift, the company said "American families are paying closer attention to what they eat and increasingly seeking out more recognizable ingredients."
quicklist:title: Amazon media: 23162230text: Amazon used to be known for ordering hardcover and paperback books, eventually electronics and now a one-stop shop for almost anything in the world. The company may have been late to the music streaming business, but they have entered the video and e-book business in full force. Following the heels of the successful Kindle reader, the company introduced today a set-top entertainment streaming box Amazon Fire TV.
Users will be able to watch content from Amazon, Hulu, Netflix, YouTube and ESPN on the device.
Read More: Living Room Wars: Amazon Fights for Your TV
quicklist:title: Belmondmedia: 23161650text: Starting March 10, 30-year-old Orient-Express Hotels Ltd. began running its luxury travel experiences and 45 hotels under the new brand name, Belmond. The company, whose old name referred to train services in Europe, said the launch of the new name "is expected to heighten awareness" of the company's hotels, safaris and river cruises.
The company's new name, Belmond, comes from the phrase "beautiful world" in French, or the combination of "belle" and "monde."
In Photos: Travel Across Europe in Luxury Trains
quicklist:title: Hostessmedia: 23162293text: After a well-publicized union dispute, subsequent bankruptcy and store run on Twinkies, popular Hostess products returned to store shelves last summer with a new look, but same taste. Also returning were CupCakes, Donettes, Zingers, HoHos and Ding Dongs.
Twinkies raised eyebrows initially because of a longer shelf life for the snack, but the company said the formula had been in the works before it was taken private by investment firms.
quicklist: title: Hootersmedia: 16951666text: Hooters "breastaurants" have entertained and fed customers since the first store opened in Clearwater, Fla., in 1983. But with revenue dipping, Hooters of America Restaurant Group LLC announced in the summer of 2012 a three- to five-year revitalization plan, with a new restaurant look, menu and attempts to attract a female clientele.
The privately held restaurant chain, based in Atlanta, operates or franchises more than 430 Hooters locations in 27 countries.
The company is famous for its Hooters Girls, shapely female workers in white tank tops and short orange shirts. The company employs more than 25,000 people, including 17,000 Hooters Girls, according to its website. But the company said Hooters is more than that.
The company introduced a television campaign and menu, with almost 30 salads, burgers and more chicken wings, and 25 remodeled locations.
quicklist: title: J.C. Penneymedia: 15475270text: Back in 2012, J.C. Penney introduced a new pricing strategy and image. J.C. Penney's "Fair and Square" pricing strategy launched in February 2012, hoping to lure customers with everyday low pricing year-round and "month-long values" on specific items, as opposed to sales and print coupons.
The strategy flopped, sales dropped and Johnson was eventually booted out of the company a year ago.
quicklist: title: Best Buymedia: 16939437
The company has closed dozens of stores at the time and shrunk some existing stores' square footage. Increasing numbers of customers have been "showrooming," going to Best Buy to look products over -- and then buying them more cheaply online, analysts have said.
The company has responded with price-matching programs and emphasizing in-store customer service experiences.
quicklist: title: Dollar Treetext: Dollar Tree, Inc. and its dollar store national competitors, like Dollar General, owned by Warren Buffett's Berkshire Hathaway, have tried to revamp their images. No more, they hope, of the shoddy storefronts most people have visited, threatening low-cost ultra-competitor Walmart.
Stock in Dollar Tree, based in Chesapeake, Va., had quadrupled over the last few years, as Dollar Tree stores add more expensive items such as electric appliances.
quicklist: title: McDonald's media: 16747634text: Casual chain restaurants typically have a major push to renovate stores every seven years or so. Making themselves look more appealing is key to increasing foot traffic, which of course, is critical to increase sales.
Over the last few years, McDonald's has emphasized healthy eating options, including salads for adults and apples instead of French fries for kids. Remodeled restaurants include free Wi-Fi and sleeker interiors.
The company has also introduced a plethora of coffee options and other beverages for adults.
quicklist: title: Outback Steakhousemedia: 15963221text: Bloomin' Brands, which owns Outback Steakhouse and Bonefish Grill, among other properties, went public on Aug. 8, 2012, and shares have remained steady around $25 as of late.
The company opened the first Outback Steakhouse restaurant in 1988 in Tampa, Fla. Last month, the company announced a secondary offering of 19 million shares priced at $24.50.
With the new cash, we may see revamped locations and maybe even more fantastic Bloomin' Onions at Bloomin' Brands' more than 1,400 restaurants.
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NYSE eases rules as stock prices plunge
The New York Stock Exchange is relaxing its rules until June to prevent a wave of delistings as stocks tumble.
Companies will get a four-month reprieve on a requirement that shares remain above $1, said Glenn Tyranski, an NYSE senior vice president of financial compliance.
The NYSE will also extend until June a measure lowering the minimum market value to $15million (£10.5million) from $25million. The provision would have expired in April.
Reprieve: The New York Stock Exchange
The share-price extension provides a reprieve for about 65 companies including Ford and AIG. The NYSE had not suspended the $1 requirement in at least 13 years.
It previously delisted companies under the threshold after six months.
'As this affects more companies in so many diverse industries, the recovery period has stretched out so that the six months under the traditional model is not going to afford a reasonable opportunity for companies,' Tyranski said.
'These aren’t developmental-stage companies. They have real employees and factories.'
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“Macy’s on State Street closed its decades-old basement candy counter last week. But the department store will continue selling sweets, including Frango chocolates, the beloved holdover from the Marshall Field’s days.
“For decades, customers would come to Marshall Field’s and then later Macy’s to visit the candy store to buy confections by the pound. But on Monday, curtains concealed empty candy displays in the basement of Macy’s, at 111 N. State St. The candy store closed Jan. 23, Macy’s employees confirmed Monday.
“Megan Peterson, who has lived in Chicago for 20 years, said she remembers the candy store at Marshall Field’s, before it became Macy’s in 2005.
“‘It was nostalgic because of how Marshall Field’s had it,’ Peterson said. ‘They had an old-timey candy counter.’
“A popular choice at the candy store was Frango chocolates.
“When Marshall Field’s bought Seattle-based department store chain Frederick & Nelson in 1929, the recipe for “Franco Mints” came with the purchase. But after Francisco Franco came to power as dictator of Spain in the 1930s, the name changed to Frango, according to a plaque displayed at Macy’s.
“The chocolates used to be made on-site at the State Street store. But Field’s closed the 13th-floor candy kitchen and fired 157 employees in 1999 and moved production of the chocolate to Pennsylvania, much to the dismay of Chicagoans and then-Mayor Richard M. Daley.
“Daley even met with the president of Marshall Field’s to try to persuade the company to keep the production of the sweets in Chicago. Members of Service Employees International Union Local 1 gathered signatures on a petition to find another manufacturer in the city. But the company stuck with the Pennsylvania candy maker.
“In 2017, the parent company of Garrett Popcorn shops agreed to acquire Frango from Macy’s, bringing the beloved brand back to Chicago.
“Frango products, including coffee beans and the famous mint chocolates, will continue to be sold at Macy’s at displays in the basement and on the first and seventh floors.” (Cha and Washburn, Chicago Sun-Times, 1/29/24)
- State Street Macy’s shutters basement candy department — but vows to always sell Frango chocolates; Sweets will remain for sale at the department store, including the beloved chocolates from the Marshall Field’s days. A new bulk candy shop is on the first floor, Phyllis Cha and Kaitlin Washburn, Chicago Sun-Times, 1/29/24
- Macy’s shutters basement candy department, but beloved Frango chocolates will remain, Corli Jay, Crain’s Chicago Business, 1/30/24
- The long decline of Macy’s in Chicago, now a shell of a once-great department store; Marshall Field created the namesake store that was one of Chicago’s jewels. Field’s became Macy’s, and its value now is as the kind of real estate play that led to the extinction of stores like Sears and Kmart, Lynn Becker, Chicago Sun-Times, 2/1/24


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Shares of Egalet (NASDAQ: EGLT) are up 4.5% mid-day on word the company has received new U.S. and international patents for its proprietary Guardian™ Technology, bringing the number to 18 U.S. patents and 95 international patents. The United States Patent and Trademark Office (USPTO) has issued a patent covering the company’s ARYMO™ ER extended-release tablets for oral use only. It is the second U.S. patent covering ARYMO ER and offers protection through 2033 and is listed in the Orange Book. A European patent has also been issued to Egalet and offers protection of products developed using Guardian Technology. Additionally, an Australian patent was issued to the company. Both the European and Australian patents offer protection through 2030. A Canadian patent was also issued and covers Guardian Technology’s immediate-release system designed to slow the release of the active pharmaceutical ingredients in the presence of alcohol. The patent offers protection through 2030. “The newly issued patents further strengthen our ability to grow our business through the development of immediate- and extended-release products using our Guardian Technology,” Egalet executive vice president and chief operating officer Mark Strobeck, Ph.D., stated in the news release.
To view the full press release, visit: http://nnw.fm/sYup6
Egalet, a fully integrated specialty pharmaceutical company, is focused on developing, manufacturing and commercializing innovative treatments for pain and other conditions. Egalet has three approved products: ARYMO™ ER (morphine sulfate) extended-release tablets for oral use only –CII, developed using Egalet’s proprietary Guardian™ Technology, OXAYDO® (oxycodone HCI, USP) tablets for oral use only –CII and SPRIX®(ketorolac tromethamine) Nasal Spray. Using Guardian Technology Egalet is developing a pipeline of clinical-stage, product candidates including Egalet-002, an abuse-deterrent, extended-release, oral oxycodone formulation for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. Guardian Technology can be applied broadly across different classes of pharmaceutical products and can be used to develop combination products that include multiple active pharmaceutical ingredients with similar or different release profiles. For additional information on Egalet, please visit www.egalet.com.
NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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UK competition watchdog to probe Apple's 'unfair developer terms'
Apple’s 30% ‘app tax’ and potential dominance in the UK app market comes under scrutiny
The regulator has said it will scrutinise Apple’s 30% ‘app tax’, and assess the company's potential dominance in the app distribution market in the UK and its ability to potentially inflate the costs of hosting applications on its store.
It also plans to investigate claims that Apple “imposes unfair or anti-competitive terms on developers using the App Store, ultimately resulting in users having less choice or paying higher prices for apps and add-ons”.
Apple's marketplace policies have come under intense scrutiny following a disagreement with Fortnite developer Epic Games last month. The game developer and publisher filed a complaint to the European Commission, accusing the tech giant of “abusive conduct” that breaches competition laws. It also filed a lawsuit against the company in the US after its Fortnite game was removed from the App Store.
Epic wasn’t immediately available for comment, but had previously maintained that it “is not seeking damages from Apple”, but “simply seeking fair access and competition that will benefit consumers and developers”.
Commenting on the launch of the investigation, CMA chief executive Andrea Coscelli said that the regulator’s “ongoing examination into digital markets has already uncovered some worrying trends”.
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“We know that businesses, as well as consumers, may suffer real harm if anti-competitive practices by big tech go unchecked. That’s why we’re pressing on with setting up the new Digital Markets Unit and launching new investigations wherever we have grounds to do so,” he added.
“Millions of us use apps every day to check the weather, play a game or order a takeaway. So, complaints that Apple is using its market position to set terms which are unfair or may restrict competition and choice – potentially causing customers to lose out when buying and using apps – warrant careful scrutiny.”
A CMA spokesperson told IT Pro that, in the case that the regulator finds that Apple had indeed breached competition law, "it can impose a fine up to 10% of Apple worldwide turnover and/or issue legally binding directions, which order a company to do something".
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Apple’s long rumoured music-streaming service is said to have hit a stumbling block after record labels are refusing its offer of low royalty rates.
The tech giant is reportedly negotiating with labels but offering about six cents per 100 songs streamed – around half of the 12 cents per 100 songs paid by online radio service – and potential rival – Pandora.
While Apple’s music service could tap a whole new revenue stream for labels, accepting the offer could mean Pandora lowers its current rate too – something the industry has fought to avoid.
An Apple iRadio product would be ad supported and the music labels want an upfront fee and a percentage of that ad revenue in addition to the streaming fees, said sources.
Source: New York Post


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Forget the neckties and wristwatches, and get the Dad in your life the tech he really wants.
In response to Congressional inquiry, company announces it is allowing consumers to opt out of customized advertising on Yahoo.com.
California utility responds to critics of smart meters by offering an option to turn off the radio. But because of higher costs to read meters, it will charge consumers up to $20 a month to opt out.
Make this adorkable DIY doughnut of everyone's favorite "Star Wars" Wookiee -- Chewbacca. He's cute, tasty, and a little chewy.
Uzbekistan only wants the best of the best to succeed. So it finds a simple way to achieve it: shut off the technology during university entrance exams.
The Deep Panda group has turned its attention to US efforts and intentions in Iraq, where there are major Chinese oil interests.
Flights in and out of the UK's capital are expected to be severely delayed, following a flight data computer failure, regulator Eurocontrol says.
All those strings of lights you're decorating your house with are contributing to a brightening effect in cities around the world, and a satellite can see the difference.
We owe a lot to an invisible organism that makes foods like bread possible. In the latest installment of our Appliance Science column, we look at our favorite fungus: yeast.
Data from IBM and ComScore show strong growth in online sales. However, a report from the National Retail Federation says that shoppers actually spent less money online and in stores.
Even the darkest corners of your home can get a dose of fresh, free sunlight with this simple device now making a run on Kickstarter.


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Nine online sellers of electronic cigarettes will pay Vermont a total of more than $157,500 to resolve claims that they violated Vermont’s ban on selling those and related vaping products over the internet to individual Vermonters, Attorney General T.J. Donovan said Wednesday.
The sellers also violated Vermont’s Consumer Protection Act, he said. It became illegal to sell these products over the internet to Vermonters on July 1, 2019.
“Online sales of electronic cigarettes, or any tobacco products, to individual Vermont consumers are illegal,” Donovan said in a written statement. “I am pleased that these websites will no longer be shipping products to Vermont.”
The sellers will pay civil penalties to the state, Donovan said. They also are required to notify Vermont consumers that they do not ship to individual consumers in the state, he said.


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September 14, 2008 It was announced at Scare Fest in Lexington, Ky. over the weekend that the upcoming re-release of the original "Friday the 13th" on DVD would be the full UNCUT version.
Many people don't know the version release to theaters and DVD was cut slightly. The new version will be fully uncut. More details to come.
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DoorDash, a food delivery company based in San Francisco, CA., is telling customers and those that work for the services of a serious breach — affecting the records of nearly 5 million people. The hack occurred on a specific day, May 4, 2019, and only those who had signed up before April 5, 2018 are involved. DoorDash has said it's going to contact people in a blog post in the coming days.
DoorDash works in cities around the country and Canada from Toronto to Austin, partnering with restaurants so customers can get food delivered through an app. People who work for DoorDash are called Dashers, and work on a freelance basis, like drivers for ride-sharing services, signing up to deliver food to customers. Merchants sign up with the service so diners can place order through the app, and get deliveries. The company is also expanding into other services including autonomous deliveries, partnering with General Motors' Cruise Automation and starting to test food drop-offs through self-driving cars in San Francisco.
Customers are being alerted by DoorDash about the hack, but should still change their password
What's involved in the hack is extensive — data that includes personal and financial information — and it involves not just customers, but merchants and also the drivers, or Dashers, who work for DoorDash. This can include some combination of the following:
Names, email addresses, phone numbers and delivery addresses
What people have ordered
The last four digits of payment cards of customers
The last four digits of bank account numbers for those who work as Dashers, and also merchants who use DoorDash
Driver's license numbers of about 100,000 Dashers only
In the case of DoorDash, the company figured out a third-party gained access to the user information on a specific date. The delivery service also noted that anyone who had signed up after April 5, 2018 is not affected by the hack at all. DoorDash is requesting that all customers change their password, plus monitor their financial information.
People can reach out to the company if they have questions at a call center set up by DoorDash at 855-646-4683


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SugarCRM launches automated search tool Hint
Customer relationship management software company SugarCRM has announced the release of its automated search product, Hint.
Hint automatically searches the web for personal and company information on prospects, gathers data from multiple sources, and builds a profile on the user. The product will reduce the time required to search for data beyond the basics like name and company, according to SugarCRM.
Hint is the first release from the company’s Relationship Intelligence product line, which uses predictive analytics and machine learning to make sense of huge amounts of data.
The product will improve and simplify the data collection processes in the enterprise, said Rich Green, SugarCRM’s chief product officer.
“With Hint, we are flipping the enterprise data model to that of the consumer world, changing the ratio of CRM information to be orders of magnitude more than the information provided by, and contained within the enterprise,” he said.
“This concept is the foundation of our new Relationship Intelligence product line and will lead to the natural evolution of CRM, moving it from being a record of what has already happened to a customer-facing employee’s guide to the future.”
The Hint software has already by deployed with a number of SugarCRM clients, including Equipment Depot, a machinery dealership. The software is a “game-changer for our customer-facing employees,” said its CEO David Turner.
“It’s the perfect complement to Sugar’s CRM system and we’re very interested to see how relationship intelligence will change the way we interact with customers in the future.”
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Game Lounge Expands into UK and German Affiliate areas through Interclick Acquisition
Major affiliate network Game Lounge Ltd. announced that it has penned an agreement to buy the essential assets of affiliate company Interclick Ltd today. Therefore, the Malta-based provider of internet marketing services for the Scandinavian gaming that is online will expand its presence in to the euro palace casino terms and conditions rapidly growing UK and German markets.
Game Lounge will pay the total amount of $1.5 million because of its acquisition that is latest. The business will finance the transaction through money. Interclick is expected to boost Game Lounge’s annual revenue by €1.3 million and its particular EBITDA by an approximate of €1 million. The internet affiliate marketing provider said it expects return on its assets within not as much as eighteen months.
Interclick is servicing great britain and German areas for 14 years. By acquiring the business, Game Lounge will incorporate more than 40 domains and a wide wide range of affiliate accounts into its very own operations.
Commenting euro palace casino germany in the deal, Game Lounge CEO and founder Jonas Cederholm stated that it’ll accelerate his organization’s strategy to expand outside of the Nordic markets and that they expect you’ll reap the huge benefits from their latest acquisition from day one.
Victor Lerenius, Chief tech Office of Game Lounge, pointed out that the deal is definitely an step that is important their expansion into core European areas euro palace mobile casino. The official further noted that the domain names obtained are strong sufficient to complement their Nordic brands within an manner that is excellent. Continue reading “Game Lounge Expands Euro Palace Casino Terms And Conditions into UK and German Affiliate areas through Interclick Acquisition”


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After several rounds and nearly four years in the lower courts, designers Stefano Gabbana and Domenico Dolce has been acquitted of claims of tax evasion! Italy's high court overturned two lower courts' rulings (including both judges' strongly-worded opinions as two why the designers are, in fact, guilty), which held the Italian designers were guilty of hiding hundreds of millions of euros from Italian tax authorities. Specifically, the lower courts held that Dolce and Gabbana, as well as other company execs, used Luxembourg holding company Gado to avoid paying taxes on royalties of about 1 billion euros ($1.38 billion).
As of today, those rulings have been overturned, as the designer duo was been found not guilty by the five-member jury, which was headed by president Alfredo Teresi. The duo's co-defendants, including the company's general director Cristiana Ruella; finance director Giuseppe Minoni; and accountant Luciano Patelli, were also found not guilty.
The designers were initially indicted for alleged tax fraud in 2010, and were convicted by two separate courts. They were subsequently sentenced to jail time (which they did not have to serve due to technicalities in Italian law) and in a separate proceeding in April 2013, based on the same matter, the design duo was fined by Italy’s Tax Commission to the tune of 343.4 million euros (about $440.2 million), plus interest. They have always maintained their innocence.


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Sustainable battery technology provider Sakuu to go public via SPAC merger deal
Sakuu Corporation, a sustainable battery technology provider, will become a publicly traded company, following a business combination agreement with Plum Acquisition Corp. I, a special purpose acquisition company (SPAC).
Post-closing, the combined entity will be renamed Sakuu Holdings Inc. and is anticipated to be traded on a US national exchange.
Sakuu’s existing equity holders are anticipated to hold approximately 80% interest in the pro forma company.
With an enterprise value of around $705 million, Sakuu has invented Kavian additive manufacturing platforms to produce SwiftPrint batteries and other active devices.
Sakuu’s platforms are used to manufacture next-generation lithium (Li) metal batteries and Li-metal all-solid-state batteries for industries including e-mobility, aerospace, grid energy storage, and electric vehicles.
The sustainable battery technology provider has two facilities — a solid-state battery pilot line facility and an additive manufacturing engineering facility, both located in Silicon Valley, California.
Robert Bagheri — Sakuu Founder and CEO said: “Our high-volume Kavian solution for printing batteries can potentially leap-frog decades of manufacturing stagnation.
“With this proposed merger, the strong support of the exceptional leadership team at Plum, and our dedicated investors, we feel Sakuu is well-positioned to create a paradigm shift in complex manufacturing, starting first with batteries.”
Sakuu expects to raise around $100 million in private and public capital as part of the closing of the transaction.
The battery technology company anticipates to use the proceeds from the transaction to commercialize its battery technologies.
Sakuu is said to have existing purchase orders exceeding $300 million in 2023-2025.
Ursula Burns — Plum Acquisition Chairwoman said: “I’ve always been fascinated by fundamental step changes in approach that unlock significant value in otherwise incrementally evolving industries.
“Sakuu represents an opportunity for such a fundamental step change in manufacturing through its high-volume, multi-material, additive manufacturing Kavian platform – something that has impressed even a printing industry veteran like me.”
The close of the merger is expected to occur in third quarter of 2023, subject to regulatory approvals and certain customary closing conditions.
Plum Acquisition is founded by Ursula Burns, Kanishka Roy, and Mike Dinsdale.