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Bitcoin reached a six-week low today, declining below $3,400 as the broader cryptocurrency market suffered widespread losses.
The world's largest digital currency by market capitalization (market cap) dropped to $3,374.46 at roughly 10:40 a.m. EST, according to CoinDesk bitcoin price data. This was the lowest value since December 17.
At the time of this report, 9 of the top 10 cryptocurrencies by market cap were in the red on CoinMarketCap, having suffered declines over the last 24 hours.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
As for whether bitcoin's recent downward movement simply amounted to standard volatility or pointed toward something more substantial, analysts offered mixed views.
Charles Hayter, cofounder and CEO of digital currency data platform CryptoCompare, described the price fluctuations as simply being the "usual gyrations of the market trading within a range."
Mati Greenspan, senior market analyst for social trading platform eToro, offered a similar perspective, stating that:
"There's no need for overreaction here. Bitcoin is continuing to trade within the core area of support between $3,000 and $3,500, within the broader range of $3,000 - $5,000, where it's been since November 2018."
Joe DiPasquale, CEO of cryptocurrency fund of hedge funds BitBull Capital, described the price movements as "too minor to be a result of any fundamental development," adding that they were "within the established range of $3,000 to $3,500."
However, Jon Pearlstone, publisher of the newsletter CryptoPatterns, offered a different point of view, noting that bitcoin could face further volatility soon enough.
Should the digital currency enjoy a "strong recovery" today, that development could prove quite bullish for bitcoin.
On the other hand, "If price is breaking down from the recent trading range, we'd expect a fast move down to [retest] the next solid support level which is the $3000 range lows of 2018," added Pearlstone.
"If $3000 does not hold, that breaks a key technical support level from 2017 and much lower prices come into play."
"Another indicator worth noting" "is the strong bearish move across the broader crypto market with most large altcoins at or below key support levels," added Pearlstone.
Disclosure: I own some bitcoin, bitcoin cash and ether.


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An Australian man recently got a $110 ticket for stopping at a yellow curb for 3 seconds. He was letting some family members out of the car outside of a local shopping mall. Now he’s shocked and appalled. According to the article:
Greg Bahr said he didn’t see a council officer, but received a $110 fine in the mail.
“There’s two lanes there and an island,” Mr Bahr said.
“Where I stopped there’s no way you’re creating a hazard and everybody was doing it.
“I was there for three seconds, put my blinkers on, and they hopped out – a $110 fine for stopping for three seconds.
People are always shocked when enforcement officials don’t agree with their idea of “not hurting anyone.” But breaking the law is breaking the law.
I’m not saying I agree with the policy of ticketing people who need a place to unload passengers and can’t find one – the mall should consider that accommodating these shoppers instead of punishing them will bring in a lot more money. But I also don’t agree with people who break the law and act like a victim when the fine rolls in.
In this case, the law won and the shopper lost. The mall might lose, too, if it’s patrons decide it’s too much trouble to get inside. The win-win is a legal loading zone.

domain: news


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Local fintech firm Centbee has announced that its Bitcoin Cash wallet app is now in beta.
Following a successful alpha test of the app, Centbee has been listening to these early users about ways to improve the wallet.
“We incorporated much of the feedback from user testing into the beta version of our wallet and are extremely confident of the final product. Centbee wallet is the easiest way to send money and consumers will immediately see the benefits of this fast, cheap and easy way to pay,” the firm’s co-CEO Angus Brown said in a statement.
While the alpha testing made use of Testnet coins, the beta version of the Centbee Wallet will ise real Bitcoin Cash.
The app also allows users to send Bitcoin Cash to people in their contact list.
“Our key focus in designing the app was to make sending Bitcoin cash to friends as simple as possible. In just a few taps, users can send Bitcoin cash to anyone, anywhere at the lowest possible cost,” says Lorien Gamaroff, the second half of the CEO team at Centbee.


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Abu Dhabi Warns Residents of fake shopping sites, online scams
Residents of Abu Dhabi have been warned about the dangers of internet shopping scams by the judicial authority of Abu Dhabi.
The Abu Dhabi Judicial Department
Despite repeated warnings, instances of people falling victim to online fraud persist, with scammers employing new tactics to dupe and gain unauthorized access to bank accounts.
The Abu Dhabi Judicial Department (ADJD)
The Abu Dhabi Judicial Department (ADJD) posted an informative video on Instagram to illustrate the dangers of purchasing products from unreliable websites frequently promoted on social media platforms. These fraudulent websites often entice customers with remarkably low prices to lure unsuspecting buyers.
Typically, customers are required to make payments through bank transfers or credit cards. Once the transaction is completed and money transferred, the scammers vanish, leaving victims with financial losses and no recourse.
The ADJD emphasized that beyond financial loss, shopping from such dubious websites can lead to hacking, receipt of counterfeit goods, or even receiving nothing at all.
To safeguard against falling victim to online shopping scams, Abu Dhabi residents are advised to take the following precautions:
- Exercise Caution: Do not blindly trust websites solely because they are advertised on social media.
- Thorough Examination: Scrutinize each platform carefully before making a purchase.
- Check Ratings and Comments: Verify the website's ratings and reviews from other users.
- Choose Established E-commerce Sites: Prefer well-known e-commerce platforms with a proven history of secure transactions.
Thoroughly read and comprehend the terms and conditions related to disputes, complaints, refunds, and contact information.
This advisory underscores the importance of informed and cautious online shopping practices to protect consumers from falling prey to fraudulent schemes and safeguard their financial interests.


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I've never really understood the concept of Black Friday, the nickname for the day after Thanksgiving...a day when holiday shoppers collectively lose their shit and swarm America's major retailers. Regardless of the purported savings, it doesn't sound like fun in the least.
Experts are now saying that Black Friday is losing it's status as the biggest shopping day of the year.
Indeed, half of American consumers believe their holiday shopping will be complete by Thanksgiving. Then there's the reality of the calendar. Christmas falls on a Sunday this year, meaning Christmas Eve shopping will likely end for most by mid-afternoon.
Thus, the biggest shopping day of 2016 is expected to be Friday, December 23rd.
As it should be.


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The excessive road stationery chain Paperchase is lining up directors amid a race to seek out new backers.
Sky News has learnt that the retailer has put Begbies Traynor, the skilled companies agency, on standby to deal with a possible insolvency.
City sources stated that Paperchase was persevering with to hunt a solvent rescue deal, and that Begbies’ potential function represented “sensible contingency planning” within the occasion that one didn’t materialise.
An extra pre-pack administration was now more and more doubtless, they added.
Earlier this month, Sky News revealed that Paperchase had been put up on the market simply 4 months after its newest change of possession.
The chain was taken over in August by Steve Curtis, an skilled retail investor who has been concerned with Tie Rack and Jigsaw.
It is now being auctioned by PricewaterhouseCoopers (PwC), the accountancy agency.
Retail Realisation, an trade advisory agency with which Mr Curtis and turnaround agency Rcapital are affiliated, was additionally concerned in final summer time’s deal.
Paperchase had beforehand been one of many quite a few retail casualties of COVID-19, having undergone a pre-pack administration in January 2021.
It trades from about 100 shops, and Mr Curtis was stated on the time of the latest takeover to be backing an present administration plan to develop that quantity to roughly 150 within the coming years.
Permira Credit, the earlier proprietor, had invested in Paperchase’s digital providing in addition to new store openings and government recruitment since its brush with administration.
At the time of its final brush with insolvency, Paperchase employed almost 1,300 individuals, and traded from greater than 125 websites throughout the UK.
Its retailers included concessions at House of Fraser, Selfridges and numerous Next shops.
It was unclear on Tuesday what number of shops and jobs may be put in danger by one other administration course of.
The plan to develop the chain by 50% was a daring guess on the potential of the Paperchase model and enterprise mannequin given the difficult financial backdrop.
Read extra: UK battery start-up Britishvolt information to nominate directors
Paperchase was one in every of dozens of outstanding retailers which crashed into insolvency throughout the COVID-19 disaster, with different notable names together with Debenhams and the Dorothy Perkins-to-Topshop empire, Arcadia Group.
A Paperchase spokesman declined to remark.


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A south Dublin restaurant has been forced to shut its doors for at least two weeks after a member of staff tested positive for COVID-19.
Hartley's restaurant in Dun Laoghaire closed yesterday, August 25 and will have its doors shut until Tuesday, September 8.
The news of the restaurant's sudden closure emerged after customers with future bookings were contacted by the popular spot.
The pro-active approach by the restaurant's owners has seen staff follow self-isolation and contact tracing protocols.
Although sorry for the closure, the restaurant has said it is a "tiny sacrifice" to make to ensure the health and safety of staff and customers.
Restaurant co-owner Julie Shiels told Dublin Live: "Unfortunately due to a member of our staff having tested positive for COVID 19, we have taken the immediate decision to close for a minimum of two weeks from August 25 until Tuesday September 8.
"We are following all necessary protocols regarding self-isolation, testing and contact tracing, and will not re-open until advised it is safe to do so by the Health and Safety Authority.
"Thankfully, the individual concerned is virtually asymptomatic and we are very grateful to the HSE for their testing programme, without which we may never have known. And although we are very sorry to have to close, we consider it a tiny sacrifice to make in the grand scheme of things."
Yesterday it emerged that a Penneys store in Liffey Valley shopping centre had to be deep cleaned after a member of staff tested positive for coronavirus.
The notice to staff, seen by Dublin Live, said that the relevant public health authorities had been notified and the advanced cleaning of the store was being carried out.
The letter also reminds staff to continue to observe social distancing and hand washing guidelines as well as other health and safety measures.


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LAS VEGAS — Many office access-card systems can be defeated by a tiny, cheap device that takes about 60 seconds to install, two Canadian researchers demonstrated yesterday (Aug. 6) at the Black Hat security conference here.
Mark Baseggio of security firm Optiv and Eric Evenchick of electric-car startup Faraday Future explained that their battery-powered device, called a BLEKey, intercepts codes transmitted and received by access-card readers made by Texas-based HID Global and used by thousands of companies across North America.
The BLEKey then transmits the code via a Bluetooth Low Energy (BLE) signal to a nearby smartphone, which can replay the code to grant unauthorized persons entry to a secure area, or retain the code to create counterfeit access cards. Baseggio and Evenchick had 250 BLEKeys made in China for about $10 each.
"If it seems that we're picking on HID, that's only because of its marketplace prominence," Evenchick said, adding that other makers of access-card systems were vulnerable as well.
The problem with most access cards and readers, Baseggio and Evenchick explained, is that the systems use a decades-old technology called the Wiegand effect. It's named after the physicist who discovered in the 1970s that with properly designed wires, magnetic induction could be used to transmit data at close proximity, usually less than an inch.
Wiegand "wires" are the basis of most keycard systems in North America, the researchers said, because even newer access-card systems using more secure technologies frequently "downgrade" to Wiegand protocols to ensure backward compatibility.
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However, the BLEKey doesn't directly capture the magnetic signals transmitted between the keycard and the reader. Instead, you have open up the card reader and install the BLEKey, which is not much bigger than a quarter. But because the device simply crimps onto three existing wires without breaking them, it can be installed in about a minute, as a video by Baseggio and Evenchick demonstrated.
Once it's in the card reader, the BLEKey reads the electric pulses that travel through the wires whenever an access-card is read and transmits them to a nearby smartphone. The captured data can be used to grant unauthorized access to an office or other facility.
Even card readers that force users to enter a PIN into a keypad to gain entry can be defeated, the researchers said, because the PIN data is transmitted along the same wires that the BLEKey is crimped to.
(Sometimes you don't even have to intercept the codes, Baseggio and Evenchick pointed out; many keycards have the codes printed right on the back, and a photograph will do.)
The researchers demonstrated the BLEKey on a miniature door connected to an HID access-card reader. Evenchick swiped a keycard next to the reader, opening the door while Baseggio captured the code on his smartphone a few feet away. Baseggio then opened the door again from his smartphone.
By transmitting bogus signals, they explained, the BLEKey could also be used to deny authorized users access.
The pair showed off something that didn’t need a BLEKey — an extra-strength commercially available card reader with a range of several inches. They had rigged it up to a battery and placed it in a backpack, and explained that the reader could be used to capture keycodes from people walking in a crowd.
Companies can defeat BLEKeys, the researchers said, by implementing tamper-proof features on keycard readers, logging user entry patterns and using a video-surveillance system to match card entry ID with visual ID.
Evenchick and Baseggio handed out their stock of BLEKeys for free after their presentation, but we just missed out and won't be able to hack into our own office quite yet. The researchers plan to put their diagrams and instructions online so that anyone can replicate their efforts.
- 10 Worst Data Breaches of All Time
- 7 Easy Ways to Get Your Identity Stolen
- The Best (and Worst) Identity Theft Protection
Paul Wagenseil is a senior editor at Tom's Guide focused on security and privacy. He has also been a dishwasher, fry cook, long-haul driver, code monkey and video editor. He's been rooting around in the information-security space for more than 15 years at FoxNews.com, SecurityNewsDaily, TechNewsDaily and Tom's Guide, has presented talks at the ShmooCon, DerbyCon and BSides Las Vegas hacker conferences, shown up in random TV news spots and even moderated a panel discussion at the CEDIA home-technology conference. You can follow his rants on Twitter at @snd_wagenseil.


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The new general manager of Accolade Wines in the UK is on a mission to see Hardys competing 'at each fee point' in the country's wine market.
Paul Schaafsma (pictured) told Decanter.com that Accolade plans to relaunch Hardys next year and wants to rebuild pride in the brand by going up against some of the most upmarket wines in the UK.'Hardys is the jewel in our crown,' he said in an interview following the launch of Accolade's Wine Nation 2012 report. 'We make serious premium wines, but we haven't made a distribution platform for that in the UK.' Although Hardys is best-known as a pioneer of mainstream, Australian wine, Schaafsma highlighted awards for higher-priced varieties like Eileen strong, a AUD$72-a-bottle Tasmanian Chardonnay, and the HRB range.'We've got so many premium vineyards all over Australia, but we are not communicating that,' said Schaafsma, who left McGuigan parent companionship Australian Vintage at the end of August to take


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According to state reporting, adult-use sales in California grew significantly in the third quarter, totaling $350 million, according to The Motley Fool.
Matt Karnes of GreenWave Advisors said the numbers represent a 24 percent increase over the previous quarter. This is good news for California, as the state has struggled to meet sales expectations since cannabis became legal in January 2018. Many towns have outright banned adult-use dispensaries, resulting in lower-than-expected sales as many people have remained with their illicit sources due to a lack of retail locations.
The state increased the number of dispensary licenses by 10 percent in the third quarter which, combined with increased dispensary sales, accounts for the 24 percent increase. From the $350 million in adult-use sales in Q3, California collected $52 million in taxes, surpassing last quarter’s $42 million and blowing the first quarter’s $34 million out of the water.
Several large, publicly-traded cannabis companies are expected to see the benefits of California’s improved sales rates. Both KushCo Holdings and MedMen Enterprises, two over-the-counter cannabis stocks, do a majority of their business in the California market.
California’s adult-use market is quickly catching up in revenue to its medical cannabis market, which completed $3 billion in sales last year. California’s medical market alone is almost twice as large as Colorado’s medical and adult-use markets, combined.
As more dispensaries open and supply chain issues are solved, California‘s growth should not slow any time soon.
Get daily cannabis business news updates. Subscribe


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Caltex Havoline has won The Most Popular Bike Engine Oil Award in Pakistan as part of the PakWheels.com People’s Choice Awards. The awarding was based on the opinions recorded in the online survey conducted earlier this year by PakWheels.com, Pakistan’s No.1 automobile portal.
Owing to its aggressive marketing campaigns and constant quality control, Caltex Havoline has managed to increase its popularity and sales through a brilliant repertoire of positive customer feedback.
Marketed and sold/ distributed under Chevron Pakistan Lubricants, Caltex Havoline continues to be the no.1 motor oil in local market against other competitors.
Also Checkout: Alloy Rims for Sale
Caltex Havoline motorcycle engine oils are designed for everyday riding to protect the engine under both normal and challenging riding conditions. Our new and improved range of engine oils now contains C.O.R.E. Technology and ZoomTech that deliver better performance and increased reliability. Performance in every bottle, helping your engine perform at its peak, no matter what.
Chevron Pakistan Lubricants (Private) Limited – an indirect subsidiary of Chevron Corporation, one of the world’s largest integrated energy companies – trades under the Caltex® brand in Pakistan, and markets its lubricants products in the country under the Havoline® and Delo® brands.
Chevron has operated in Pakistan for more than 75 years, having entered the market in 1938. Chevron Pakistan Lubricants, which is headquartered in Karachi, has nationwide operations and regional offices in all the major cities of the country, as well as more than 130 world-class oil change facilities.


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The triple threat of continued COVID conditions, increasing political unrest and prolonged economic uncertainty is killing my nerves. As I look to the kitchen for comfort, I return to the Sunday dinners my mom put on the table after Mass when I was a kid.
A roast was always the center of attention. The affordable cut would often slide into the oven topped with sliced salt pork to add flavor and stretch the volume to feed seven. The pan gravy, made with a good beef stock, was poured over potatoes mashed with sweet butter and whole milk, the latter also filled the glasses of the five kids seated around the table. There was a required vegetable and an optional green salad dressed with oil and vinegar. But the meal was about the meat, and therein still lies my comfort zone, despite all I now know about the sustainability of a plant-based diet and the unsustainable nature of industrially raised animal proteins. I can pinpoint a dozen ways in which I try to reduce the amount of meat I eat, but I don’t foresee a day in which that number will hit zero.
According a 2019 survey conducted by the International Food Information Council, non-profit foundation set up to communicate science-based information about food safety and nutrition to health professionals, government officials, educators, journalists and consumers, 2020 was supposed to be the year that more consumers would become more concerned about the role the food system plays in climate change. Given that industrial meat production accounts for as much as 18 percent of the agriculture sector’s greenhouse gas emissions, respondents said sustainability concerns would be the major driver toward plant-based diets in 2020.
However, the 2019 survey results also show that consumers’ conceptions of what comprises a plant-based diet vary. About one-third (32%) of consumers surveyed said a plant-based diet is a strictly vegan diet, while another roughly 30% defined it as a diet that emphasizes minimally processed foods that come from plants, with limited consumption of animal meat, eggs and dairy. Another 20% believed it to be a vegetarian diet that avoids animal meat but allows for eggs and dairy, and some 8% said it is a diet in which you try to get as many fruits and vegetables as possible, with no limit on consuming animal meat, eggs and dairy. If this were a ranked-choice voting situation, the top of my ticket would be the second (reducetarian) option, followed by the vegetarian diet, with the all-out vegan candidate as a last option.
The 2020 iteration of this survey was conducted in late April and the 1,011 Americans ages 18 to 80 who participated were quizzed on how their eating habits are changing during the pandemic. It’s no surprise that folks are cooking at home more and shopping for food less frequently. As far as animal proteins are concerned, the survey says that 28% are eating more protein derived from plant sources, 24% are eating more plant-based dairy products, and 17% are eating more plant-based meat alternatives.
Those results should not be surprising either, given the widespread shut downs of slaughterhouses due to COVID-19 outbreaks, growing concerns about slaughterhouse employees, rising meat prices and the connections that have been drawn between pandemics and how animals raised for human consumption are treated. There is no arguing that plant-based meat alternatives – Beyond Meat sausages, Impossible Burgers, Tyson’s Raised & Roosted nuggets – are cashing in. Some estimates show that market segment growing by 400 percent between 2019 and 2020. That said, market research firm 210 Analytics says that as monthly meat alternative sales in the U.S. hover around $100 million, monthly meat sales cash in at $6.2 billion. There’s a lot of room to reduce that second number for the health of the planet, for sure.
The folks at the International Food Information Council say their data shows that if you name your intention to change your diet to eat less meat, you’ll have better success at doing it. Respondents following a specific plant-based diet (like vegan, vegetarian, pescatarian or flexitarian) were the premier drivers of the overall increased consumption of plant-based proteins. In fact, 41% of these specified dieters say they increased consumption of protein from plant sources (vs. 18% of those not following a specific diet) and 28% say they eat more plant-based meat alternatives (vs. just 9% of those not following a specific diet).
So here goes nothing. I’m a reducetarian, and I’m actively looking for ways to reduce the amount of animal products in my comfort foods.
CHRISTINE BURNS RUDALEVIGE is a food writer, recipe developer and tester, and cooking teacher in Brunswick, and the author of “Green Plate Special,” a cookbook from Islandport based on these columns. She can be contacted at [email protected]
Vegan Butternut Squash Cake
My neighbor, who happens to be the vice president for operations for The Humane League, an organization that works to end the abuse of animals raised for food, gave me a loaf of vegan pumpkin bread last fall that compared to none I’ve eaten in the past. The recipe comes from Portland, Oregon-based vegan food blogger Nora Taylor. This version is adapted from that one using ingredients I had on hand – butternut squash puree instead of canned pumpkin, molasses and white sugar instead of brown sugar, and oat milk instead of soy.
Makes a 10-inch round cake or a 9- by 5 loaf
1 tablespoon ground flaxseeds
1 ½ cups butternut squash puree
1 ¼ cups sugar
1 tablespoon plus 1 teaspoon molasses
½ cup vegetable oil
¼ cup oat milk
1 ¾ cups all-purpose flour
1 teaspoon baking soda
½ teaspoon baking powder
½ teaspoon salt
2 teaspoons ground cinnamon
¼ teaspoon ground nutmeg
¼ teaspoon ground cloves
½ cup pepitas
Preheat the oven to 350 degrees F and grease either a 10-inch round cake pan or a 9- by 5-inch loaf pan.
In a large bowl, combine the flaxseeds with 3 tablespoons water. Let sit for 10 minutes until it thickens. Add the squash puree, sugar, molasses, oil and oat milk and whisk to combine.
Place the flour into a sifter. Add the baking soda, baking powder, salt, cinnamon, nutmeg and cloves on top of the flour. Sift the dry ingredients into the bowl with the wet ingredients and stir until the ingredients just combine. Do not over mix.
Pour the batter into the prepared pan and sprinkle the pepitas on top. Bake for 40-45 minutes if using a round pan and 70-75 if using a loaf pan. The cake is done with a toothpick inserted in the center comes out clean.
Let the cake cool in the pan for 10-15 minutes, then transfer it to a cooling rack. Let it cool completely before slicing it.


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Urban fruit-picking project aims to minimize waste
We’re constantly looking for innovative ways to improve the Springwise experience, and so we’re now introducing BeeLine Reader, a new technology that helps you read more quickly and efficiently. To learn more about BeeLine Reader, an award-winning startup funded by Intel Capital, see BeeLineReader.com.
It's right about this time of year that those with fruit trees and gardens in the Northern Hemisphere tend to get overwhelmed by homegrown abundance. We've already featured Giapo Gelato's effort to claim some of that locally grown produce for use in its ice cream, and recently one of our spotters alerted us to Not Far from the Tree, an even more ambitious effort in Toronto. Not Far from the Tree operates a residential fruit-picking program that aims to prevent locally grown fruit from going to waste. Toward that end, it sends teams of volunteers to harvest the fruit on…
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Senator John Kerry (D-Mass.) a senior member of the Senate Finance Committee, released a statement today at the Committee's markup of the Trade Adjustment Assistance and three FTA's negotiated by the Obama Administration.
"Taken together, the trade agreements and trade adjustment assistance restoration we are considering will pave the way for us to open key markets to American products and provide American workers with the support they need to adjust to an increasingly competitive world," Senator Kerry said.
The full text of Senator Kerry's statement is below:
Mr. Chairman, I want to commend you for your tireless efforts to construct a package of proposals that deserves bipartisan support today. I still believe in this institution and hope that we can return to the tradition of working in a bipartisan manner.
Taken together, the trade agreements and trade adjustment assistance restoration we are considering will pave the way for us to open key markets to American products and provide American workers with the support they need to adjust to an increasingly competitive world.
We all know that America cannot continue to stand idly by while our Chinese and European rivals move to seize markets abroad. And our friends in Korea, Colombia, and Panama have worked with us in good faith to make the agreements before us today fair and strong.
But at the same time as we reaffirm our commitment to open markets, we must help Americans who lose their jobs because of trade.
I support these agreements they help families stretch their dollars and lower tariffs abroad result in more competitive exports that sustain American jobs. Competition spurs innovation and innovation spurs job creation. We can compete and win on a level playing field.
But we must also recognize that there are real Americans struggling with real disruptions to their lives as a result of trade policy decisions made here in Washington.
Workers at call centers moved to India and line workers at manufacturing plants moved to China did not make the decisions to participate in the international trading system that made those shifts possible, Washington made it for them.
And it is not the worker in the Midwest competing with new Korean imports that is choosing to further expose Americans to competition in exchange for greater access to markets abroad through three new trade agreements.
The moral equation seems self evident to me. We owe help to those American workers on the short end of the economic forces we unleash through trade in order to allow our exporters and consumers to justly reap trade's benefits.
It is unfortunate some today will call our work on trade adjustment assistance a gift to unions. That's simply wrong. The assistance doesn't go to unions, it goes to workers. It is not unions that are calling for us to help workers who lose their jobs because of trade; it is our conscience and common sense. And if we do not help those workers, Americans will not support the further pursuit of open markets.
Mr. Chairman, you and President Obama should be applauded for staying at the table and driving a fair bargain with our trading partners and Chairman Camp, and I believe that we must all now do whatever we can to make sure this package moves forward without delay.


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Published 04 June 2021
New car registrations went up by 674 per cent in May but the industry faces a long road to recovery with sales down by 29 per cent on the 10-year average.
Industry figures show 156,737 new cars were registered in May – significantly up on the same month the previous year when dealers were closed during the Coronavirus pandemic.
Pure electric cars accounted for 8.4 per cent of all new cars registered in May, according to data from the Society of Motor Manufacturers and Traders (SMMT), while plug-in hybrid and self-charging hybrid vehicles made up roughly 15 per cent of the market.
Diesel sales continued their downward trend, accounting for just one in 10 new car sales (9.9 per cent) while petrol made up half of all new car registrations in the UK.
Industry commentators say car buyers will face further challenges as stock shortages continue to disrupt supply. HonestJohn.co.uk has received a number of complaints via ASK HJ from readers who say they are facing long delays for new vehicles.
“If you’re in the market to sell, now is a great time. A shortage of the stock that usually moves around and makes its way to dealerships, such as ex-contract vehicles, fleet cars and ex-rentals, means that used cars are commanding a premium and selling fast,” said Karen Hilton, Chief Commercial Officer at heycar.
“This has also come at a time when there are clear challenges around the availability of some new vehicles, due to many manufacturers still getting back up to speed following enforced Covid shutdowns.”
According to heycar stock data, prices for used Nissan, Volkswagen and Mercedes-Benz models all rose by more than five per cent from April to May. Ford and Vauxhall cars increased in price by more than three per cent, while Audi, Land Rover, Peugeot and Volvo prices were more than two per cent higher in May than in April.


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It already seemed suspicious that the company chose to highlight an LG display instead of one of its own during its MacBook Pro announcement, but Apple confirmed to The Verge’s Nilay Patel that it is “out of the standalone display biz.”
— nilay patel (@reckless) October 28, 2016
Instead, the company seems to be focusing on tighter hardware integration with third-party manufacturers. Both of LG’s new UltraFine display’s have been designed in collaboration with Apple – although the aesthetic is way off – and you can even adjust the display’s brightness right from your Mac according to Jason Snell of Six Colors.
We’ve contacted Apple for more information, and will update this post if we hear back. In the meantime, goodbye, Cinema Display. Hope you have a chill time with the MacBook Air up in Apple heaven.
Follow all our coverage of Apple’s MacBook Pro event here.


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Asana Hires "COO-Type"–Van Zant First Biz Side Hire for Workplace Collaboration Start-Up
As it gets ramped up for a wider launch, Asana, the high-profile workplace collaboration start-up founded by top former Facebook execs, has hired former SolarWinds product strategy exec Kenny Van Zant in a “COO-type of role.”
Van Zant, who will be Asana’s first business-side hire, has also worked at a variety of tech companies, including Cisco.
Co-founders Dustin Moskovitz and Justin Rosenstein remain at the top of the leadership at the productivity software company, which–perhaps in keeping with its yoga-style name–does not have official titles.
But Van Zant will essentially fulfill the COO role, focusing on bringing Asana to the enterprise market in a socially-fueled, “bottom-up” approach.
“We now have a great product and are ready for our next phase of bringing it to the market,” said Moskovitz, in an interview this afternoon with BoomTown. “While Justin and I continue to work on product and engineering, Kenny will be the driver of that launch.”
Specifically, in a blog post today, Moskovitz wrote:
“Kenny will be leading functions outside of product and engineering, and serve as a key driver for Asana’s marketing and corporate strategy.”
Asana, which is aimed at helping people work on projects together in groups, is now in private beta.
It tackles the often unexciting, but very large and problematic, workplace collaboration and communications software market.
In Sanskrit, “asana” means “sitting down” and refers to strong but relaxed postures in yoga, which presumably means the product will help frustrated workers achieve a digital form of nirvana.
The San Francisco-based start-up, which has raised $9 million in venture funding from Benchmark Capital and Andreessen Horowitz, now has 15 employees.
Asana had previously garnered just over $1 million in an angel round, which included a spate of Silicon Valley bigwigs.
Still, it has not, thankfully, received the intense hype of other innovative start-ups from former Facebookers–hello, Quora!
That said, many who are using Asana think it will make a huge splash as it is rolled out and attempts to bring consumer-style tools to the workplace.
There are, of course, a range of companies doing this in different ways–from Jive to Yammer to LinkedIn and to a variety of cloud-based enterprise efforts by Google and Microsoft.
In an interview, Van Zant said the time was ripe for big changes in the way enterprise-aimed products were bought and sold.
“I will be focused on selling our enterprise software product from the bottom up, rather than targeting the CIO,” said Van Zant. “It is clear the world of enterprise is being impacted by consumer behavior.”
While he does not start until Monday, Van Zant speculated that Asana’s free product offering will remain, with a premium version to come.
Benchmark’s Matt Cohler, who made the Asana investment for the firm and is on its board, said the time is right for such businesses aimed at enterprise transformation.
“Kenny wrote the book on this at SolarWinds,” he said. “The consumerization of the enterprise isn’t going to happen–it already has.”
Justin and I are excited to welcome Kenny Van Zant as the newest member of the Asana team. Kenny will be leading functions outside of product and engineering, and serve as a key driver for Asana’s marketing and corporate strategy.
Until now we’ve focused primarily on developing the Asana product into the best of class solution for task management and project execution. Encouraged by positive feedback from the early adopters in our beta program, we’re now preparing for the company’s next phase–bringing this technology to the rest of the market–and we can’t imagine a better partner than Kenny to drive this strategy and build a strong organization to support it. At SolarWinds, Kenny helped pioneer the bottom-up distribution model for selling software and SaaS into enterprises and small businesses–a sales approach we plan to develop further at Asana. This experience, together with an almost uncanny overlap of values, made it clear that Kenny is the right fit.
While finding Kenny concludes a long search for the right leader of Asana’s business operations, we are continuing to grow the team, looking for passionate designers and engineers to join us in our common purpose: using software to help groups of people work together more effectively.
Kenny Van Zant is a technology entrepreneur with leadership experience in start-ups and public companies. Kenny was most recently the SVP and Chief Product Strategist for SolarWinds (NYSE: SWI) from 2006-2010, where he was responsible for products, marketing, and corporate strategy. At SolarWinds, Kenny helped pioneer a disruptive business model for selling software and SaaS into the enterprise and SMB segments from the “bottom-up,” using inside sales, online marketing, free products, and a loyal user community. Based on a unique combination of growth and profitability, SolarWinds enjoyed a successful IPO in May of 2009.
Prior to SolarWinds, Kenny was the EVP of Marketing and GM of the Communications BU for Motive (NASD: MOTV) and the co-founder and COO for BroadJump (acquired by Motive), where he managed the company’s growth from start-up in 1999 to over $60M in revenue and 350 global employees within 3 years.
Kenny has a BS in Electrical and Computer Engineering from the University of Texas at Austin.


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On the day that the Galaxy S3, Samsung's new flagship smartphone, was released in Germany, the Korean firm has launched its first ever digital music service created right from scratch.
Music Hub will give Galaxy S3 owners access to over 19 million songs on their device. Working similarly to iTunes Match, Music Hub also scans a user's own music library and matches their stored songs with higher quality versions from the store catalogue.
Initially launching just for the Galaxy S3, the service will be offered in both a free and premium price plan, costing £9.99 per month.
Users of the free service will be able to access the store and listen to 30-second previews of music tracks before deciding whether to make a purchase.
Premium customers can stream an unlimited number of songs from the library, as well as access to the match service. They can also upload music to be stored on remote, cloud servers and then access it on a PC and up to five mobile devices.
Samsung hopes to introduce more price tariffs in future, as well as launch the service on its connected TVs and tablets.
"We are doing it to create a better experience for our users. There are things we could do better if we have complete control over all of the service."
Alongside the store and match aspects, Music Hub also allows Samsung consumers to make recommendations to others, create personalised radio stations and access a web-based player for listening to music on PC.
Kang said that Samsung hopes to build an app for Apple's iOS devices in the future so that people can access Music Hub on their iPhone.
Samsung's Music Hub will compete with rival music stores on its Android-powered Galaxy S3, including services from Google and Amazon, along with the likes of Spotify and Deezer.
However, Samsung feels that the combination of music locker, store and personalised radio service makes Music Hub a unique consumer offering.
Daren Tsui, the chief executive of mSpot, the Samsung subsidiary behind the streaming aspect of Music Hub, said: "We believe that today's mobile market must have an open mobile music system - one that offers all kinds of services across different devices. Music Hub removes all the barriers to your music."


text: Tandem Computers Inc is hoping to capture the raft of new telecommunications carriers likely to burst onto the scene following next year’s deregulation, by offering them a one-stop shop or ‘telco-in-a-box’, for all their billing, customer care and network management software and associated hardware requirements. The Compaq Computer Corp subsidiary already sees more than 40% of its revenues from telecoms, and believes its ‘Convergence Enterprise Architecture’ will enable it to offer best of breed systems to start-up telcos, and significantly reduce their cost of entry. Tandem has partnered with software vendors covering the whole spectrum of telecom system software from mediation, which is extracting the data from the switches and passing it on in the required format, to network management, billing software and customer care systems. The company will essentially provide consultancy, to establish the types of systems needed now and for future growth, and then select the appropriate packages. Interestingly, given the strength of Unix in the telecommunications market, the main thrust of Tandem’s new initiative will be towards Windows NT, where Tandem has already set out its stall as an enthusiastic Microsoft Corp partner. However, it is also offering a modular ‘surround’ option for carriers with existing systems, based on NT server modules, which will be available on Tandem’s NonStop Himalaya S-series servers as well as its Unix-based Integrity servers. Heidi Lemker, Tandem Global Telecom’s marketing director, business support systems, says some of the most creative applications are now being written in NT. Until now, she says, billing systems have been hideously expensive, and she believes this has inhibited some very good new telecoms technologies from coming to market. Tandem’s new framework and the NT-based products should significantly lower entry costs, she says. The new telecoms offerings will be ‘hardware independent’ as long as the hardware is Tandem’s it seems. However, the largest NT system currently available, a 16- way, four processor node cluster as demonstrated by Tandem and Microsoft earlier this year (CI No 3,161) only handles two terrabytes of data, where Tandem’s largest telco customer has a 17Tb database. For this reason, customers can start off on an NT- based system, and migrate to Tandem’s Non-Stop Kernel system as their requirements grow. Meantime, in spite of its enthusiasm for NT, Tandem recognizes that Unix is still a critical operating system for telcos and in November, it will announce a major Unix clustering initiative coupling four-processor Unix nodes into a large, clustered system. It’s recently been working with Santa Cruz Operation Inc to demonstrate how an OEM version of its ServerNet interconnect called Eclipse can be utilized by clusters of Compaq servers running SCO UnixWare; the two were supposed to formalize their relationship by the end of the year but we’ve heard nothing recently. The thinking was Tandem could put SCOUs operating system up on a line of Intel-based Eclipse boxes calved from its S1000 NT family.


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Net Loss for ’02 Likely for National RV
National RV Holdings Inc. revealed on Tuesday (Sept. 24) it will report a net loss for the third quarter and its president and CEO said Wednesday (Sept. 25) it likely will report another loss for the fourth quarter.
“It’ll be tough in 4Q (the fourth quarter) to be in the black,” said Brad Albrechtsen, president and CEO of National RV Holdings Inc., parent of National RV Inc., Perris, Calif., and Country Coach Inc., Junction City, Ore.
Albrechtsen estimates National RV Holdings will report a net loss of $3.4 million, or 35 cents a share, during the third quarter, which ends next Tuesday (Sept. 30).
The company will report its third-quarter results around Oct. 22, Albrechtsen added.
National RV Holdings, a New York Stock Exchange-listed company, lost $4.7 million in the first half of this year and $11.5 million in 2001, according to documents filed with the Securities & Exchange Commission (SEC).
National RV Holdings stock fell to a new 52-week low of $6.25 a share on Wednesday before closing at $6.67, down 28 cents for the day.
Despite the setbacks, Albrechtsen said he will not retract the statements he made a month ago during National RV Inc.‘s dealer meeting. At the gathering in Ontario, Calif., he said, “I know that some of our friendly competitors would like to imply that because we’ve lost money for a year or two that we’re struggling and might well go out of business. Nothing could be further from the truth.”
The company is “virtually debt-free” and it has $10 million to $15 million in yard inventory that will be converted to cash before the end of October, Albrechtsen said.
National RV Holdings hired consulting firm Deloitte & Touche to help it fix the operational problems at its Southern California factories, he said.


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Earlier this year, a dating service that only men were apparently crying out for was launched: The Lonely Ape Dating Club. Created by a group called Year 4000 Labs, the app was meant to be a place where "Bored Ape" Non-Fungible Token (NFT) owners could meet others invested heavily into JPGs of cartoon apes.
The app – while guaranteeing potential partners would also be interested in cartoon apes and/or cryptocurrencies – was to have a few questionable features. This included being able to filter search results by the value of the NFTs and cryptocurrency held in potential dates' wallets. Essentially like if you could filter Tinder matches by salary or the size of their mortgage.
"Get the attention of potential matches by sending them tips in crypto. Show off cool metrics like how long you have diamond handed (held on to) your NFTs, as well as your personal net worth and NFT portfolio," the Lonely Ape Dating Club said in a press release, adding that they "are a ragtag team of hackers and NFT collectors interested in how we can integrate crypto and Web3 with the dating space.”
The problem with the project? Well, it may shock you to learn that despite a belief by people in the community that bored apes are a real women magnet, not a lot of women were interested in the dating site.
In an update posted by the dating site, they announced that "unfortunately due to a vastly uneven ratio of men to women who signed up for our waitlist, we have decided to put the BAYC dating app on hold indefinitely."
The website now informs monkey JPG owners looking for fellow monkey JPG owners that the project is canceled. In other words, all your dates are gone.


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Last week Shangri-La gathered the metro’s fashionable for an afternoon of vibrant styles!
On February 18, Shangri-La’s Mactan Resort & Spa presented the first Mugnâ Style fashion exhibit for 2017, featuring the Angry Swan in Love collection of Miranda Konstantinidou.
Renowned as “The Queen of Color” and for her iconic work in high-fashion resort and cruise wear, Konstantinidou staged a flamboyant parade of colors in the fashion show held at the Lobby Lounge of the five star resort and spa.
Mugnâ, which means “to create” in Cebuano, showcases the finest in creativity, and the resort’s talented chefs were also their to boast their fine craftsmanship of tea and pastry.
The next edition of Mugnâ Style will be in May, featuring Neil Felipp’s new collections, so keep an eye on that!
For more information and updates on events at the resort and spa, follow Shangri-La Mactan Resort and Spa’s official Facebook page.
#rhythmofthecity #y101fm #alwaysfirst #onthepulse


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West Palm Beach, FL (PRWEB) January 15, 2014
Hotcakes Commerce is excited to announce the appointment of Will Strohl to the position of Director of Product Management.
Mr. Strohl brings over 12 years of tech experience including product management, sales & training and most importantly a deep understanding of DNN. Hotcakes Commerce believes that Will’s experience and dedication to his work will be instrumental in their efforts to scale and enhance Hotcakes Commerce for current and future clients. Among other tasks, Will’s focus will be leading the direction of the product, designing the systems implementer’s experience, and driving adoption through webinars and Community events.
As a key member in the DNN Community, Will has helped unite the Community by creating user groups and Community run events such as DNNCon which took place this past October in West Palm Beach.
Commenting on his move to Hotcakes Commerce, Will says: “Hotcakes Commerce has assembled an incredibly talented team committed to a powerful mission. I can’t wait to continue the build out of a world-class product experience that is breaking boundaries in the e-commerce space. I am eager to get started and am very proud to be a part of the Hotcakes product at this formative moment.”


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Despite the COVID-19 pandemic upending normal consumer behavior, Shoe Carnival Inc. last week reported record sales.
The chain of 382 footwear stores controlled by former Jacksonville Jaguars owner Wayne Weaver said sales in the second quarter ended Aug. 1 jumped 12.1% to $300.8 million, a quarterly record for the company.
Comparable-store sales (sales at stores open for more than one year) rose 12.6%, with all of its stores reopened by June after pandemic-related closings.
“Our sales were undoubtedly supported by our decision to not furlough any employees during the shutdown, as we were able to get our team members back to the store faster than nearly all our competitors,” CEO Cliff Sifford said in Shoe Carnival’s conference call with analysts.
Shoe Carnival also was helped by a surge in online sales during the pandemic, with e-commerce sales more than tripling and accounting for 20% of second-quarter revenue.
Late summer is usually a busy period for Shoe Carnival as parents take their children to buy new shoes for the upcoming school year. But 2020 is no usual year.
“In a typical season we see back-to-school shopping start in mid to late July. However, the pandemic has delayed start dates for nearly all the schools within the markets we operate,” Sifford said.
“As we saw this materializing, we pivoted quickly and realigned our back-to-school marketing to correspond with the shift in the season.”
Sifford said 95% of schools in its markets usually are back in session by the end of August but this year, only 65% returned by Aug. 31.
“We believe the majority of back-to-school volume will be realized through September,” he said.
However, “we will extend our back-to-school season through the end of October to ensure we are timely serving our customers’ needs.”
With the change in back-to-school buying, comparable-store kids’ shoe sales were down by a low single-digit percentage in the second quarter, Sifford said.
He also said sales of adult dress shoes dropped by a double-digit percentage, with more people working from home.
That was offset by a 30% jump in adult athletic footwear sales.
While sales increased, profit margins fell in the quarter. Shoe Carnival’s earnings of 71 cents a share were 9 cents lower than the second quarter of fiscal 2019.
Weaver is chairman of Evansville, Indiana-based Shoe Carnival and its largest shareholder. His family controls 30.8% of the stock.
The Michaels Companies Inc. last week also reported a big jump in sales for the second quarter ended Aug. 1.
The Texas-based arts and crafts retailer, which has a distribution center in Jacksonville, reported total sales rose 11.1% to $1.15 billion and comparable-store sales increased by 12%.
“We saw strong demand and customer engagement across our stores, and the multiple omnichannel touchpoints we introduced over the past few months,” CEO Ashley Buchanan said in a news release.
All 1,270 Michaels stores reopened by the beginning of July, but like Shoe Carnival the company more than tripled e-commerce sales in the quarter.
The company said its expanded ominchannel sales efforts include curbside pick-up, same-day delivery and ship from store options.
Adjusted earnings rose by 11 cents a share to 30 cents.
After trying to diversify its business with the acquisition of a Jacksonville company four years ago, Smith & Wesson Brands Inc. last week showed why it returned to its roots as a pure-play firearms company.
The gun-maker reported firearms sales jumped 140.9% to $229.9 million in its first quarter ended July 31.
After the quarter ended, Smith & Wesson spun off its outdoor products accessories business into a separate public company called American Outdoor Brands Inc. That business also had a big sales increase in the first quarter, up 52.3% to $50.6 million.
Smith & Wesson in 2016 acquired Jacksonville-based Ultimate Survival Technologies as it sought to diversify from the gun business and it changed its corporate name to American Outdoor Brands.
UST’s Jacksonville facility was closed last year as the company consolidated operations. It also decided to split in two and turn American Outdoor Brands into a separate company.
“Our record revenue and unit sales during the quarter demonstrates our ability to rapidly respond to increased demand through our flexible manufacturing model and our state-of-the-art distribution facility, delivering outstanding products that resonate with the firearms consumer,” Smith & Wesson CEO Mark Smith said in a news release.
Smith & Wesson reported adjusted earnings of 97 cents a share for the quarter, up from just 3 cents in last year’s first quarter.
ComSovereign Holding Corp., formerly Jacksonville-based Drone Aviation Holding Corp., is continuing to expand its operations.
The company, now headquartered in Dallas, announced a deal last month to acquire a 140,000-square-foot manufacturing facility in Tucson, Arizona, and hire 300 people when it opens in early 2021.
ComSovereign was formed through a merger in November 2019 with Drone Aviation as a holding company for communications technology businesses.
The Drone Aviation business, which makes tethered, unmanned aerial vehicles including lighter-than-air aerostats and drones, continues to be headquartered in Jacksonville.
ComSovereign said in an August Securities and Exchange Commission filing that it signed a lease extension through July 2023 for its small Jacksonville office.
The company said operations at its new Tucson facility will include manufacturing for Drone Aviation.
ComSovereign reported revenue of $5.5 million and a net loss of $14.6 million in the first half of 2020.
Morningstar analyst Kevin Brown last week lowered his estimate of Regency Centers Corp.’s value, saying some of the shopping center developer’s tenants will continue having trouble paying their rents.
Regency and competitor Kimco Realty focus on shopping centers anchored by supermarkets, which have done well in the pandemic as consumers buy more food to eat at home, Brown said in his report.
“However, that has not translated to increased revenue for other tenants in a grocery-anchored center. Many nonessential tenants have been closed, either due to local ordinances or voluntarily to reduce operating expenses,” he said.
“While most tenants were open by July, business has not fully returned and thus rent collection remains an issue,” Brown said.
“We believe that it will be a few more quarters before all tenants are fully able to pay rent, which has caused us to lower our outlook.”
Brown lowered his estimate for Regency’s stock fair value from $75 to $62, which is still well above the Jacksonville-based company’s recent trading price mainly in the low $40s.
While Brown expects more stores to close, he thinks occupancy declines in grocery-anchored shopping centers will be more modest than previously thought. So, he has a positive long-term outlook for Regency and Kimco.
“If the second quarter was the worst quarter these companies will face, then operating cashflows should remain positive for these companies and both will likely see solid growth as the economy recovers,” he said.
Beyond the pandemic, Regency’s shopping center portfolio “should see steady but low growth over the next decade as the retail landscape adjusts to the emergence of e-commerce,” Brown said.


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iBASEt Transitions to ‘Cloud First’ Development Cycle
SEPTEMBER 25, 2022
The rush to the cloud continues. Companies that have not transitioned their products to the cloud in at least one of its guises lag the industry. Here is an MES company announcing its transition. iBASEt , the company that simplifies how complex products are built and maintained, announced availability of the latest version of Solumina iSeries version i070, a critical update marking the company’s successful transition to a cloud-first development cycle.


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John Lewis has opened its first pre-loved luxury fashion pop-up with luxury reseller Sign of the Times.
The pop-up will be at Peter Jones, part of the John Lewis Partnership, on Sloane Square in Chelsea and will run until January 31.
Located on the second floor of the fashion department, shoppers can browse a variety of pre-loved designer items from brands including Chanel, Gucci, Moncler and Loewe.
John Lewis head of category for fashion brands Beth Pettet said: “We’re proud and excited to introduce Sign of the Times pre-loved clothing and accessories into our Peter Jones shop.
“This is our first pre-loved fashion pop-up, which will offer a stylish, premium edit of designer products that will encourage our customers to support a more sustainable and unique way to shop. A pre-loved item is the perfect present to give this Christmas.”
Sign of the Times owner and chief executive Antonia Johnstone added: “Sign of the Times started nearly 50 years ago in Chelsea, so we are thrilled to be working with Peter Jones due to the synergy between the brands’ heritage, location and passion for customer service.
“We are excited to curate a beautiful selection for the Peter Jones clientele, so they can experience pre-loved in all its sustainable glory this Christmas.”
The pop-up arrives as consumers increasingly turn to second-hand items. Consignment company and thrift store ThredUp’s resale report said secondhand and discount sectors are expected to take up 37% of wardrobes by 2031 compared to 26% in 2021.


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You are here
80,000 yuan trips abroad replace Chinese New Year treks to Grandma's
[BEIJING] Shi Ying won't be making the traditional pilgrimage back to Shanghai to celebrate the Lunar New Year holiday with her extended family. Instead, they're all going to Japan for shopping and sightseeing.
That new custom lets her family bypass the mobs, clogged roads and subways, lousy customer services - and boredom - that can mark holidays at home. During the past few celebrations, Ms Shi and her relatives left China for Singapore, Malaysia, Thailand and the US.
"The last thing my parents want for the Chinese New Year is a cheerless holiday with the three of us staying home in Shanghai," said Ms Shi, 30, who works for a non-governmental organisation in Beijing.
"Going overseas during the Spring Festival costs about the same as going to some domestic tourist spots."
The essence of China's seven-day holiday, also called Spring Festival, is morphing as rising incomes and an expanding network of international flights prompt more people to go abroad - the equivalent of Americans choosing Bermuda over the Midwest for Thanksgiving.
Outbound travel for the holiday break is expected to top a record 6 million passengers, with airlines hauling near-full loads to Japan, South Korea and South-east Asia.
"Chinese New Year is a major international peak for the Chinese airlines," said Steve Saxon, a Shanghai-based partner at consultant McKinsey & Co.
"For many, this is one of the only two opportunities to take a long holiday during the year."
'Swim in Money'
The Spring Festival shuts down the world's second-biggest economy for a week as hundreds of millions of factory and office workers leave their adopted homes in Shenzhen or Beijing to reconnect with their ancestral ones, often on the opposite side of the country. Thousands more expatriates return.
This year's celebration, from Jan 27 through Feb 2, will see the biggest mass migration of people on Earth. More than 414 million Chinese will ride in planes and trains - as if everyone in the European Union was on the move.
About 58.3 million people are expected to fly, representing a 10 per cent increase from last year, according to estimates by the Civil Aviation Administration of China. Chinese airlines generate about 20 per cent of their revenue during this period, Saxon said.
Chinese will travel to 174 destinations outside mainland China for an average of 9.2 days during the holiday period, according to online travel service Ctrip.com International Ltd.
"Any airline should be able to swim in money during a Chinese travelling holiday," said Will Horton, a Hong Kong-based analyst at Capa Centre for Aviation.
Fuelling those excursions is an economy growing annually by at least 6.7 per cent since 1990, giving people more money to spend. Disposable income for urban households rose 165 per cent from 2006 to 2015, reaching about 31,195 yuan (S$6,445), according to China's National Bureau of Statistics.
Instead of going back to her hometown in the north-east China forest, Xi Chunhui is going to Macau, Singapore and Hong Kong for 11 days with a friend.
"The Spring Festival celebration is the same old thing every year at home," said Ms Xi, 27, an editor for an internet portal in Beijing.
"I don't think me not being there with them will kill the mood."
Going sightseeing abroad also is a consequence of the government's generations-long policy restricting most families to one child, said Catherine Lim, a Singapore-based analyst with Bloomberg Intelligence. A more-affluent younger generation now wants to see the world, she said.
"When your entire family size shrinks, there really isn't much to do" at home, Ms Lim said.
"They want to spend more money - particularly the younger generation - on experiencing new destinations rather than buying the biggest Hermes bag."
China is the biggest source of overseas travelers in the world, with 128 million people spending US$292 billion on their trips in 2015, according to the World Tourism Organisation.
That's been a boon to the nation's airlines, with demand running so high that discounts are ending as many as 50 days before takeoff, according to Ctrip.com. The top-dollar tickets help carriers make up for the massive price cuts offered during slow seasons.
China Southern Airlines Co, Asia's biggest carrier, added nearly 3,600 flights during this peak travel season - and expanded services to Australia and New Zealand, the Guangzhou-based airline said.
Subsidiary Xiamen Airlines Co is adding more than 100 flights to South-east Asia destinations such as Bali and the Maldives, said Hu Nan, a manager for international business.
China Eastern Airlines Corp, based in Shanghai, added 400 flights starting this month mostly to connect second-tier cities with Okinawa, Japan; Bangkok and Chiang Mai, Thailand; and Cebu, Philippines.
"All the airlines in China, not just us, are throwing in all resources to brace for the Chinese New Year travel," Mr Hu said.
"There is no slack there."
On the destination sides, Japan, Australia and even Israel are rolling out the welcome mats for Chinese tourists by offering multiple-year, multiple-entry visas to Chinese passport holders.
The United Arab Emirates is going a step further by offering visas upon arrival, according to state-run Xinhua News Agency.
Chinese visitors to Japan jumped 28 per cent last year to 6.4 million - the most from any country, according to the Japan National Tourism Organization.
When they arrived, they spent 1.47 trillion yen (S$18.13 billion), according to the separate Japan Tourism Agency. Chinese perceive Japanese electronics, luxury items and consumer goods like cosmetics and toothpaste to be of better quality than those made at home.
Ms Shi's family will fly to Japan on Jan 27 for a seven-day trip in Kyoto and Tokyo. Besides the tourist attractions, they plan some serious shopping - for cosmetics, clothes, rice cookers and high-technology toilet seats.
"My parents really get a kick out of travelling during the Chinese New Year," she said.
"Let's hope I can cap my spending for the whole trip at 80,000 yuan."


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Uber, in partnership with Nissan and BYD, today launched a three-month electric vehicle (EV) leasing program in the United Kingdom. To encourage the company’s on-demand drivers to make the switch to all-electric mobility and lease directly from Uber, lease payments for the EVs will reportedly be competitive with comparable gasoline-powered vehicles. (Uber already facilitates leases for drivers through a number of third-party companies). Operating costs for the EVs will also be lower due to the relatively inexpensive cost of fueling a vehicle with electricity and the near absence of maintenance.
The service now being tested not only makes Uber a player in the clean mobility space, it also benefits drivers by offering an economical vehicle (helping drivers’ margins) and provides the Uber with a new revenue stream by getting the company into the potentially lucrative leasing business.
Uber is starting with 50 vehicles in London, and is partnering with the UK-based Energy Saving Trust to study the pilot and advise on next steps. If the pilot is successful, Uber says that hundreds of EVs could be on the roads next year.
Adding leased EVs to Uber’s portfolio follows similar pilot programs in Lisbon and Porto, Portugal, and Johannesburg, South Africa. Those pilots, launched under the “uberGREEN” moniker, did not entail leasing but did enable customers to request an EV for their ride (the BMW i3 was used for the 6-12 week programs). The cost of summoning an EV was at the uberX rate.


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Foam Materials Solvay and 3A Composites Team Up for Lightweight Foams
Specialty chemicals company Solvay teams up with composite materials specialist 3A: Together, both companies want to produce and market leightweight foam materials for transportation.
Brussels/Belgium – The new cooperative shall combine 3A Composites' know-how in industrial process development and high-volume fabrication of foams, with Solvay's high- performing plastics materials. The partners will first build on Solvay's Radel foam and so-called sandwich materials, used on Airbus A350 and Solar Impulse, and will later expand to products that Solvay is developing.
Transports like commercial aircraft or high-speed trains are increasingly seeking to replace heavier plastics and metal structures, which are more time-consuming to process and expensive to maintain, with specialty foams. Light-weighting applications range from the cabin to ducting and trolleys and help to improve energy efficiency.
A Gamechanger for Foams? Solvay Has Big Plans
"Our alliance is a game changer in making high-tech foams available on a large scale. Part makers will benefit from greater flexibility in their designs and from uniting strength and insulation performance at the highest level of fire resistance," said Armin Klesing, Global Business Development Manager Aerospace & Composites at Solvay's Specialty PolymersGlobal Business Unit.
"Our company has continuously pioneered foam technology and is now at the forefront of establishing high-volume manufacturing solutions for specialty foams. Our teaming up with Solvay creates a technology leader in the high-end segmentof light-weighting with foam," said Roman Thomassin, CEO of 3A Composites. 3A Composites expects additional foam extrusion capacity in the United States to come on stream 2016 and will continue to service the market with its existing product lines.


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Intel on Monday announced a partnership that could provide access to the chip design of its low-cost Atom processor to Taiwan Semiconductor Manufacturing Co.
Graphics chip maker Nvidia Corp. Monday released beta drivers for Windows 7, months earlier in the development process than it did with Windows Vista, when users blasted the company for its sluggish pace.
Although Microsoft Corp.'s Internet Explorer (IE) continued to bleed market share last month, Apple Inc.'s Safari was an even bigger loser during February, an Internet metrics company said Monday.
The high costs associated with building a new data centre are coming at a time when more and more companies are facing running out of data centre capacity.
Fujitsu Siemens Computers plans to launch in the middle of this year an enterprise desktop computer that consumes no energy when switched off, it said Sunday at the Cebit trade fair in Hanover, Germany.
Microsoft researchers are experimenting with low-powered servers using Intel Corp.'s inexpensive, efficient Atom processors designed for netbooks.
Alaska Airlines is the latest carrier to launch in-flight Wi-Fi, offering passengers on a specially equipped Boeing 737 a service that uses satellites instead of cellular towers to connect the plane to the Internet.
Microsoft will converge features of Visual Basic and C# languages with planned upgrades to the two platforms, a Microsoft official said this week.
Research In Motion on Friday confirmed that NTT DoCoMo has halted sales of the BlackBerry Bold smartphone in Japan due to overheating, but said that the battery wasn't the source of the problem.
Amazon.com will let copyright holders opt out of having their books read aloud on the company's Kindle 2 book reader, in an apparent concession to concerns raised about the device's text-to-speech feature.
Microsoft's lawsuit against a Linux-based technology vendor TomTom over alleged patent violations could signal a more aggressive stance by the software giant over IP issues or could be just an isolated case involving a dispute with one vendor.
A continuing lack of corporate mandates to quickly install Oracle's security patches may be leaving many Oracle database installations exposed to vulnerabilities for extended periods of time, according to survey results released on Wednesday.
Days after Visa seemingly confirmed that a data breach had taken place at a third payment processor, following on the recent breach disclosures by Heartland Payment Systems and RBS WorldPay, the credit card company is now saying that there was no new...
Attorneys are trying to get the class-action status of a suit against Microsoft's Windows Capable program reinstated by narrowing the number of plaintiffs who can participate in it.
The bad economy may be a boon to relatively inexpensive open-source IP PBXs, which one study says already account for nearly 18% of all PBXs installed last year in North American business networks.
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American Express has unveiled plans to invest $100 million in eCommerce-based start-ups, with the credit card giant set to accept applications from around the world.
The Silicon Valley-based incubator will be led by Harshul Sanghi, managing partner of American Express’ enterprise growth group. He previously ran a similar scheme at Motorola Mobility Ventures.
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American Express said it would look to invest in businesses that focus on online commerce, including “loyalty and rewards, mobile and online payment management, fee-based services, security and fraud detection and data analysis”.
Despite initially focusing on US start-ups, American Express tells StartupSmart that the scheme will soon be open to early-stage businesses from around the world.
“We’re starting in the US, but plan to expand internationally in the near future,” says a company spokeswoman.
“Every investment will be different depending on the opportunity, so we don’t have specific numbers on equity.”
American Express is the latest large business to plough funds into start-ups, following similar ventures by Google, Facebook and Vodafone.
“American Express is a 162-year-old company that has continuously reinvented itself,” says Dan Schulman, group president of enterprise growth at American Express.
“As we enter the next chapter in our history, we recognise the need to work with emerging technology companies to inspire change, encourage innovation, and ultimately deliver the best products and services to our customers.”
Sanghi adds: “The payments industry is undergoing a fundamental change as the very nature of commerce is redefined.”
“We believe our global network of businesses and consumers, international employee base, world-class customer service and data analytics will provide a significant advantage to potential portfolio companies.”


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Facebook’s cryptocurrency, GlobalCoin might launch next year
Move over Bitcoin. Facebook is reportedly gearing up to launch its own cryptocurrency called GlobalCoin as soon as next year.
Chief executive Mark Zuckerberg met Bank of England governor Mark Carney last month to discuss the plans, according to the BBC .
He is also thought to have spoken to the US treasury and firms such as Western Union, to develop an affordable way for people to send money between each other.
GlobalCoin testing will reportedly kick off at the end of the year ahead of a slated roll-out to about a dozen countries in the first three months of 2020.
The social network has long been rumoured to be exploring a digital currency , after hiring former PayPal president David Marcus in 2014 to run its Messenger app.
However, when asked to comment on the news, Facebook just repeated previous statements.
“Like many other companies Facebook is exploring ways to leverage the power of blockchain technology,” the company said.
“This new small team is exploring many different applications. We don’t have anything further to share.”


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Tickets to the 2022 edition of Top Marques, taking place in Monaco from 9 - 12 June, are now on sale.
Supercar lovers, those passionate about ground-breaking innovation and a new audience of classic car collectors can buy tickets for the 17th edition of Top Marques here.
As in previous years, there will also be a number of exclusive watches exhibited at the show, as well as superboats on the Esplanade.
A novelty this edition is the chance to buy a ticket to an avant-premiere opening cocktail on the eve of the show, for which a limited number are currently available for €250. The exclusive event on 8 June will offer visitors an opportunity to discover the world premiere supercars and mythical vintage vehicles before the public opening. Champagne and canapes will be served throughout the evening.
Entry to the show is 76€ on Thursday, 9 June and Friday, 10 June, and €46, on Saturday, 11 June and Sunday, 12 June. A VIP premium pass, giving access to the VIP Lounge and private terrace, is also available for €120 per day.
In line with our commitment to humanitarian causes, this year we have decided to donate € 1 for every regular ticket sold to the Monaco association Monaco Disease Power.


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An Essex County man today admitted stealing credit cards and checks from the mail while employed as a U.S. Postal Service letter carrier, Attorney for the United States Vikas Khanna announced.
Parrish Brookins, 30, of East Orange, New Jersey, pleaded guilty before U.S. District Judge Claire C. Cecchi to an information charging him with one count of mail theft by a U.S. Postal Service officer or employee. Brookins was arrested in December 2021, on the strength of investigative work by Verona Police Detective TJ Conroy. “I applaud him for his tenacity on this investigation and attempting to bring an end to this string of credit card thefts to numerous Verona victims,” VPD Chief Christopher Kiernan said of Conroy at the time.
From January 2021 to September 2021, Brookins was employed as a U.S. Postal Service letter carrier with delivery routes in Montclair and Verona. According to the documents filed in this case and statements made in court, Brookins admitted in court that he had stolen numerous items of mail containing credit cards addressed to individuals living at residences on his postal delivery routes, activated some of these cards and attempted to make purchases with them. He admitted that he provided some of the stolen cards to other individuals in exchange for a fee. Brookins admitted stealing more than a dozen stimulus checks in March of 2021, which were being mailed to recipients along his postal delivery routes, and to providing these checks to other individuals for a fee, knowing that these checks would be fraudulently negotiated by others.
The mail theft charge is punishable by a maximum potential penalty of five years in prison and a maximum $250,000 fine. Sentencing is scheduled for August 15, 2023.


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Nearly half of those who experienced major disruptions to their access to health care, for instance, also said their mental health was significantly affected; 43% of those who faced a major work disruption also faced major challenges to their financial stability, Canadian pharmaceuticals online 💊 👉👉 https://canadianhopharmacy.com/. Smaller percentages felt major disruptions to their financial stability (20%), mental health (19%), childcare situation (17% among those with children under 18), access to health care (15%), or romantic relationship (8% among married or partnered Americans). Still, even when the controversy is stripped away, most agree that there is something that Cuba does extremely well: preventive care. Two-thirds said it disrupted their mental health, 59% their financial stability, and 55% their access to health care. Nearly half, 47%, said it caused major changes and two-thirds said that it brought changes that were mostly or nearly all negative. Three-quarters of all Americans said the pandemic caused at least a minor disruption to their plans for the future, with an equal number saying it had disrupted their relationships with close friends or family.
Overall, a near-universal 92% of US adults say the pandemic caused at least minor changes to their life over the past two years, including broad majorities across gender and partisan lines. The CNN poll was conducted by SSRS February 23-26 among a random national sample of 1,002 adults surveyed online after being recruited using probability-based methods. Tie-ins with partners like Amwell and WebMD would not only let you search for drugs and symptoms, but schedule online doctor's appointments using video chats. There's still much research to be done on tea tree oil's effectiveness in treating scalp problems, but if you'd like to learn more about this natural alternative, check out the links on the next page. Besides, it's much more useful when local services plus speech recognition are properly tuned in each market, so it'll be worth the wait. Naturally, new smartphones are always coming onto the market, so before you make your final selection, be sure to consult our reviews hub for the very latest recommendations. With that in mind, read on as we round up the best smartphones of the season. The Smart Baby Scale is exactly what it sounds like -- a scale designed specifically for infants and toddlers -- and like its predecessor, it organizes all its data in charts that you can read on a PC or iOS device.
21Mbps data speeds should more than satisfy the majority of consumers. The idea of universal - or nearly universal - background checks is supported by the majority of the American public, as Lloyd notes. Dan Flannery, a professor of psychiatry and pediatrics and director of the Begun Center for Violence Prevention Research and Education at Case Western Reserve University, says in an interview that enacting universal background checks is "an important first step" toward reducing gun violence. The best way to answer this question is to research the company first. One of the exhibits on this self-guided tour focuses on this area and how it impacted the company. All products recommended by Engadget are selected by our editorial team, independent of our parent company. Even though QWERTY handsets are quickly being relegated to an afterthought in the smartphone realm, the Captivate Glide bucks this trend with an extremely competent option that can hold its own against the big boys. Even though it doesn't offer LTE, we'd encourage all users wanting an iPhone 4S ($200 - $400) to go with AT&T.
The results highlight how even a crisis as global as the pandemic can be asymmetrically felt, with some experiencing only modest effects, and others bearing disproportionate impacts that resonate across their entire lives. Low-Calorie Dining Out Yes, going out while dieting can be difficult. Those looking to go the Windows Phone route will currently find an excellent option with the Titan ($200), but due to its lack of LTE connectivity, we recommend holding out for either the Lumia 900 ($100) or the Titan II ($200), both of which will be available on April 8th. There's no telling which handset we'll ultimately favor, but they both promise to be quality options and will add LTE to AT&T's Windows Phone repertoire. We were a bit disappointed by the call quality of the Captivate Glide during our review, but otherwise, it's an outright winner. This time around, we're doing things a bit differently https://en.wikipedia.org/wiki/Canada


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The 65th International Air-Conditioning, Heating, Refrigerating Exposition, cosponsored by The American Society of Heating, Refrigerating Air-Conditioning Engineers (ASHRAE), is the largest collection of HVAC manufacturers and representatives of the year, a virtual who’s who in the industry. ARL participated with a booth, manned by four representatives; President Bruce Sukert, Director of Quality Assurance Kris Donate, Listing Compliance Inspector Mauricio Silva, and Bookkeeper Daisy Carrasco. The booth was visited by upwards of 70 people.
For ARL, it was a good opportunity to let HVAC manufacturers know that there are quicker and more cost-effective sources for product safety testing. As a certified testing laboratory, ARL is performing the equivalent testing of some better-known laboratories, but with a more personalized service and much better response and turnaround time.
One of ARL’s newer initiatives showcased at the expo was Energy Star certified energy efficiency testing. “Energy Star ratings can be a major factor influencing purchasing of HVAC systems”, according to Bruce Sukert, President of ARL. “Environmentally conscious people, when given the choice, will buy products with a lesser impact. Even those people who are not environmentally conscious appreciate the financial benefits of lower energy use”.
The ARL staff did not spend the whole time sitting in their own booth. They walked around the expo and talked to as many people as possible, seeking input on how they might improve their offerings. ARL is always looking for areas in the heating and cooling industry to expand their services in, and welcomes feedback. They came back with some good ideas, especially in the refrigeration area, that they intend to follow up on.
ARL’s participation at the AHR Expo is expected to bring a lot of new business to the company. Most of the people the ARL representatives talked to were impressed by the promise of faster turnaround time.
For more information contact ARL at 305-624-4800 or visit www.arl-test.com


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HONG KONG – Crypto.com announced that it has rolled out significant infrastructure upgrades to its Exchange, including a revamped Matching Engine, OMS (Order Management System), and unified REST and Websocket API.
The firm said the revamp will lead to a 10x increase in performance and throughput, paving the way for an aggressive product roadmap for the rest of 2020, which includes the launch of margin and derivatives trading.
The Crypto.com Exchange launched in Beta last November, which has been one of the key drivers of the company’s rapid overall growth in the past six months, as traders increasingly turn towards cryptocurrencies amidst broader market uncertainties.
The new infrastructure significantly improves the overall performance, including revamped matching engine, unified REST and Websocked API, redesigned architecture, and the addition of high-availability and resilience.
“We launched the Crypto.com Exchange last Fall with a goal of creating a trading platform so secure, liquid, and user-friendly that it becomes a natural choice for both institutional and retail customers. We have already seen tremendous traction in the first six months of Beta and will continue rapidly improving our offering to drive continued growth,” said Kris Marszalek, Co-founder and CEO of Crypto.com.
The Crypto.com Exchange is powered by the CRO token and features deep liquidity, low fees, and best execution prices. The Exchange will continue to enhance throughout the remainder of 2020, including launching margin and derivative trading, lending, localized product, and support in multiple languages as well as a revamped rewards program. – BusinessNewsAsia.com


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Hero MotoCorp July 2020 gross sales are marginally decrease than their gross sales in July 2019
There’s no slowing Hero MotoCorp, and it’s beginning to appear to be enterprise as common. With the business jolted into suspension in the long run of March 2020, three months later the inactivity appears a far cry from the inactivity that gripped the business not so way back.
Provided that manufacturing and gross sales operations have opened up in a phased method, month-on-month gross sales has grown in response to exercise enhance, and Hero MotoCorp, has reported third consecutive month of development since operations resumed.
Hero MotoCorp has bought 514,509 bike and scooter models in July 2020. MoM gross sales development over June 2020 is accounted at 14 %. Wholesale dispatch numbers are at 95 % of July 2019. Volumes have gotten increase from sturdy retail gross sales owing to optimistic market demand.
Bikes gross sales for July 2020 is reported at 4,78,666 models, down 2.32 % from 4,90,058 models in July 2019. Bikes are Hero Motocorp’s sturdy swimsuit – because of their bestsellers Splendor and HF Deluxe, collectively accounting for greater than three lakh gross sales.
Scooter gross sales is reported at 35,843, down 21.6 % from 45,752 models bought a yr earlier. Whole gross sales at 5,14,509 is down % from 5,35,810 models bought in July 2019. Of this, home gross sales is reported at 5,06,946 at .86 % gross sales decline from 511374 models. Exports have fallen 69.04 current at 7,563 models, down from 24,436 models.
Whereas month-to-month gross sales decline is proscribed, YTD numbers are steeper owing to zero enterprise via April, and a few weeks of Could 2020. YTD FY21 bike gross sales is all the way down to 10,01,449 models at 54.84 % gross sales decline from 22,17,792 models bought in YTD FY20. YTD FY21 scooter gross sales have fallen to 76,328 models, down from 1,60,938 models at 52.57 % gross sales decline.
Whole YTD FY21 gross sales fell to 10,77,777 models, down 54.69 % from 23,78,730 models for a similar Four months in 2019. Of this home gross sales accounts for 10,45,287 models at 54.88 % gross sales decline, down from 23,17,005 models. Exports for the interval fell to 32,490 models, down % 47.36 % from 61,725 models. Whereas common decline for now could be famous at greater than 50 %, this quantity will step by step cut back every month, foundation legislation of averages, offered operation aren’t additional hampered.
Whereas present tendencies look upbeat, gross sales continues to be disrupted following micro-lockdowns throughout the nation. For development momentum to normalise, there’s a necessity for a steady and constant enterprise atmosphere. Hero MotoCorp has step by step and considerably ramped-up manufacturing throughout all of its eight manufacturing services – home and at international areas. Upward of 95 % of Hero MotoCorp buyer touch-points at the moment are operational.
Final month, Hero MotoCorp made an additional investment of Rs. 84 crore (US $11 million) in Ather Power. With this, the auto main’s shareholding in Ather has grown to 34.58 %, up from 31.27 %. Hero MotoCorp has participated in Ather Power’s funding since 2016, with its first funding being a part of a Sequence B funding. Hero MotoCorp gave Group Well being Centre officers in Neemrana and Mundawar, two first-responder vehicles, custom-built as an adjunct on its Xtreme 200R bikes.


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Some investors have fallen into a state of delusion in my opinion.
Call it Amazonitis.
Both have lost plenty of market value in the last few weeks after Amazon announced its purchase of Whole Foods (WFM).
Amazon recently released a new program called Amazon Prime Wardrobe and investors dumped shares of all manner of fashion companies.
In my view, Amazon’s 40% share price increase this year calls for a healthy dose of skepticism.
There’s no question Amazon is a juggernaut and its Amazon Prime service, with over 50 million subscribers, is formidable for the value it brings to consumers.
That said, there’s a lot of overcapacity at malls and retailers are closing huge numbers of stores.
In my opinion, much of the industry carnage is self inflicted by management teams who believed wrongly that their site selection was impervious to competitive forces.
Secondly, investors make decisions based on performance and quarterly results.
If retailers can begin to claw back market share, you may see a different attitude among investors.


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BT is on track with its G.fast trials, serving its own customers and eight of its competitive carrier provider customers via its Openreach division. But the service provider is still weighing how it can make an investment case for a broader deployment.
Deutsche Telekom and Nokia's subsidiary Alcatel-Lucent claimed they delivered 10 Gbps over existing copper wiring during a lab trial using XG-Fast technology at the end of 2015.
Nokia finally ended a long-running patent dispute with Samsung, but investors in the Finnish company had been hoping for a much better deal.
Nokia pledged to showcase industry-first LTE Advanced and LTE Advanced Pro innovations that improve the capacity of TD- and FDD-LTE networks at the forthcoming Mobile World Congress.
Bell Canada is taking the terabit-speed plunge by deploying Nokia's 7950 XRS core router in order to support growing demand for digital content across its wireline and wireless networks.
Two weeks after Nokia and Alcatel-Lucent celebrated the official combination of their operations, Nokia is already leveraging the expertise Alcatel-Lucent brings in the area of cable and Wi-Fi.
BT has confirmed that it is testing Adtran's 500G fiber-to-the-distribution-point (FTTdp) platform as part of its G.fast trial taking place in over 2,000 premises in Huntingdon, Cambridgeshire.
It's the day we've all been waiting for-- well, some of us, at least: the "new" Nokia is set to start operations on Thursday this week, completing the merger with Alcatel-Lucent and launching combined products and services onto the market.
Nokia completed its preparations for the integration of Alcatel-Lucent's business by announcing the final line up for its board of directors and group leadership teams, ahead of the companies' first day as a combined entity on Jan.14.
Nokia announced it has taken control of Alcatel-Lucent after receiving approval from France's securities watchdog agency for the $17 billion deal. Nokia will hold nearly 80 percent of its former rival, and the companies will begin working "as an operationally combined group" on Jan. 14.


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The Photovoltaic Market in Germany, published today by the country’s foriegn trade agency Germany Trade & Invest, reveals that the nation hit this milestone in 2011 with levelised cost of energy (LCOE) of newly installed systems equal to retail electricity prices for private households.
More than 4.3GW of PV was installed throughout Germany in the first half of 2012 as consumers’ reliance on Feed-in Tariffs to justify investment in PV shifts towards its real terms competitiveness with traditional fossil fuel energy sources.
The report says: “Thanks to a sharp fall in PV rooftop system prices in recent years, many electricity customer segments in Germany are now able to produce PV electricity cheaper from their roofs than buying electricity from the grid.
“Today, the FIT for a rooftop project is already below the level of domestic household electricity prices. This makes it financially more attractive for the PV system owner to directly consume the solar electricity generated than make use of the FIT.”
The full report can be read here.