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As GM Authority has reported for over a year now, General Motors is developing a new, third-generation Chevy Colorado, which means the Colorado’s corporate cousin, the GMC Canyon, is also poised to receive a generational overhaul, set to debut for the 2023 model year. Now, we’re going over everything we know thus far about the all-new 2023 GMC Canyon prior to its expected reveal later this year.
We expect the 2023 GMC Canyon model lineup to consist of the following trim levels: Elevation Standard, Elevation, AT4, AT4X, and Denali.
The AT4X will join the lineup as a more capable off-roader trim that slots above the “regular” GMC Canyon AT4, serving as GMC’s equivalent to the Chevy Colorado ZR2, at least from a mechanical standpoint.
Furthermore, we expect the new Denali trim to be even more premium compared to the current Canyon Denali, with improved materials and equipment. The 2023 GMC Canyon Denali may also be the first midsize GM pickup model to offer the GM Super Cruise semi-autonomous driver assist system.
Finally, it’s possible that the new Canyon will receive a new Pro trim that slots in under the Elevation as the new base model, similar to the GMC Sierra. However, this is still not definite.
With regard to the exterior styling, the 2023 GMC Canyon will get an all-new exterior, following the latest GMC design language. We also know it will feature a more aggressive and imposing stance, as previewed in the latest spy photos.
As for the details, expect a set of new headlights with LED lighting signatures with a more complex shape than the peepers on the current truck. The body panels will be much more modernly styled, with surface development techniques being more intricate than those of the current model. The latest GMC Canyon will also offer the MultiPro tailgate.
While the bones supporting the cab structure will likely remain unchanged, the sheetmetal will be new. Speaking of cabs, cab options are a bit of a mystery at of this writing. The only 2023 Canyon configuration we’ve seen GM test is the Crew Cab, Short Box. Given huge levels of demand for Crew Cabs, especially in more premium level trucks, we’re have to wonder whether an Extended Cab will even be offered this time around.
The current GMC Canyon was introduced in the U.S. for the 2015 model year, and the cabin has often been a point of criticism. Luckily, the overhauled 2023 Canyon will have an all-new cabin, following in the footsteps of the refreshed 2022 GMC Sierra 1500, as previewed in spy photos from February. The cabin will be redone with new seats, new switchgear, a new shifter, push-button start, a new center stack with a new infotainment system and more. These changes will give the truck’s interior a more modern appearance as compared to the current model, which traces its roots to 2011 with the launch of the international-market Chevy S10/Colorado model.
Digging deeper on the infotainment system, the unit in the 2023 Canyon will run Google Automotive, with embedded connections via OnStar 4G LTE offering things like traffic and weather information, point of interest search, and other nav features. The SiriusXM TrafficLink system currently in place will no longer be used. The 2023 GMC Canyon will also offer additional camera views thanks to more cameras around the vehicle.
As mentioned earlier, the GM Super Cruise feature is also expected to be offered.
As for the powerplant, the 2023 GMC Canyon will offer just one engine option: the turbocharged 2.7L I4 L3B gasoline engine. This engine may be offered in both a regular output tune, as well as in higher output form for top trims. Output numbers have yet to be revealed, but when equipped by the refreshed 2022 GMC Sierra 1500, the L3B produces 310 horsepower and 430 pound-feet of torque.
Don’t expect a diesel option. However, the turbo four-cylinder gas unit will produce an audible turbo whistle under acceleration, while also delivering more horsepower and more torque than the current 2.8L LWN turbo-diesel Duramax. The GM 10-speed automatic transmission will be standard across the board, but it’s also possible that GM may equip lower trims with the GM 8-speed automatic.
Rear-wheel drive will be standard, with four-wheel drive as optional. AT4 models will get four-wheel drive as standard.
Platform, Chassis, Suspension
The 2023 GMC Canyon will ride on an upgraded version of the GMT31XX platform, dubbed internally as 31XX-2. Expect improvements to the frame and general structure of the truck, along with revised suspension bits on some models.
Additionally, the new Canyon will run the GM Global B electrical architecture, which will enable it the latest tech features, such as GM Super Cruise, plus over-the-air updates.
Wheels And Tires
We expect that the next-gen 2023 GMC Canyon will offer a range of wheel sizes ranging from 17 inches to 20 inches in diameter. The GMC Canyon AT4X will likely ride on 17s wrapped in 33-inch Goodyear Wrangler Territory MT tires, mirroring the 2023 Chevy Colorado ZR2.
We expect the 2023 GMC Canyon to launch late this year as a 2023 model year vehicle. As of right now, the ongoing global microchip shortage has not yet affected the launch schedule.
The next-gen 2023 GMC Canyon will have a similar pricing structure as the current model, albeit with new models like the AT4X and potential Canyon Pro base model rounding out the lineup. Expect a starting price around $27,000 and reach into the $44,000 starting mark for the Denali range-topper.
The 2023 GMC Canyon will be produced at the GM Wentzville facility in Missouri for global markets, including the markets where GMC currently has a first-party presence – the U.S., Canada and the Middle East.
With regard to the midsize mainstream pickup segment, the 2023 GMC Canyon will be up against a number of new products from rival automakers, such as the all-new Nissan Frontier and the new Ford Ranger, the latter of which will also be available in a range-Ranger Raptor that wasn’t previously available in North America.
Sales Numbers - Midsize Mainstream Pickup Trucks - 2021 - USA
|MODEL||YTD 21 / YTD 20||YTD 21||YTD 20||YTD 21 SHARE||YTD 20 SHARE|
For now, the Toyota Tacoma is the clear sales leader in the segment, as has been the case for the past decade, if not more. It’s worth noting that the sales figures you see above were distorted by production disruptions and shortages during the 2021 calendar year as a result of the coronavirus pandemic.


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NAVI MUMBAI: The official mango season has kicked off in the APMC market with the arrival of Alphonso mangoes from Konkan region in Maharashtra and Karnataka.
APMC official said that about 324 trucks of the fruit had arrived on Gudi Padwa, which is a record in the past three years.
Apart from Ratnagiri, Sindhudurg and Raigad districts in Konkan region, Alphonso mango arrived from Karnataka too, said Balasaheb Bede, a wholesale dealer.
"In fact, mangoes had started coming in the market a few weeks ago. But the official season commenced from Gudi Padwa," he added.
In 2013, about 55,000 boxes of mangoes had arrived on Gudi Padwa, while 17,220 boxes had come in 2012. However, this year, the number increased to 58,080 boxes.
"This year, the beginning has been good. Irrespective of the bad weather, mango production has not been so bad in Konkan. A large number of customers had been waiting to buy mango on Gudi Padwa. Different varieties are available for Rs 150-800 per dozen in wholesale market. The retail price is between Rs 250-1,200 per dozen," said Sanjay Pansare, director, APMC market.
Traders recall that mango prices had shot up to Rs 1,500-2,000 per dozen in the retail market on Gudi Padwa in 2012.
"This year, the prices are affordable. Prices vary depending on the size and origin of mangoes. Alphonso mango from Mysore, Karnataka is cheaper at Rs 150-200 per dozen, while mangoes from Devgad and Ratnagiri are available for Rs 750-800 per dozen. Prices may further decline in the wake of the export embargo on mangoes by the European Union," said Santosh Yadav another trader at the market.
However, the European Union ban on the export of mangoes has sent shivers down the spine of mango exporters. "The ban is uncalled for. It will be a setback to our business unless the ban is lifted in a few days," added Yadav.

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While the forecast for the heavy-duty aftermarket is “not exactly robust,” MacKay & Co. Vice President John Blodgett suggests it’s still “a good forecast, a positive forecast” based on the growing population of commercial trucks and trailers on the road.
“If we look at the number of vehicles that we’ve seen sold into the marketplace the last couple of years, and if the forecasts hold true for what they anticipate to be sold this year and into next year, there’s going to be a nice sweet spot of a lot of vehicles down the road that positively impacts the aftermarket,” Blodgett said, speaking at Heavy Duty Aftermarket Dialogue, ahead of this year’s HDAW.
That forecast was backed by an extensive analysis of the numbers.
U.S. retail sales of Class 6-8 trucks is projected to remain stable through 2020, and slightly above the 20-year average of 125,000 vehicles per year. In Class 8, sales will continue to climb this year, up another 10% peaking at 274,000 trucks, before taking a 12% percent dip in 2020. Still, Class 8 sales remain at a very high level, well above the 20-year average of 189,000 vehicles. Sales of heavy-duty trailers also will continue at near record numbers, though falling off slightly from 2018’s 316,000 trailers in 2019 and 2020. The 20-year average for trailer sales is 223,000 units.
“Again, strong numbers,” Blodgett said. “So the more vehicles we sell and put out there in the marketplace, down the road that has a good impact. That’s a big positive, as long as the economy is chugging, for the aftermarket.”
But, Blodgett noted, the “very robust” Class 8 and trailer forecasts for 2019 were based on the large number of backlog orders already on the books, and that it will be several months into the year before manufacturers will know if fleets are going to “walk the walk” and take delivery, or cancel.
Adding all those new vehicles to the U.S. commercial fleet, the total operating population forecast through 2023 shows a 12% increase in Class 6 trucks, climbing to 924,000 vehicles; Class 7 will drop 6% to 1.25 million; and Class 8 will climb 8% to 3.68 million. The highway trailer population will rise 7% to 4.9 million units.
Translating those population totals into aftermarket sales, the MacKay & Co. forecast calls for a steady climb from 2018’s $30.1 billion to $36.3 billion by 2023. That’s a compound annual growth rate of 3.8%.
Breaking down aftermarket sales by point of final sale, truck dealers claimed a 49% slice of the pie chart, with heavy-duty distributors getting 18% of the business and independent garages 9%.
Looking more closely, MacKay & Co. surveys aftermarket distributors to develop an overall industry parts pricing forecast. Blodgett noted that the survey for 2018 was not quite complete at the time of his presentation, but the preliminary result shows an increase of 3%, more than double the 1.3% forecast. And that comes after a 1.7% increase in 2017. For this year, the parts pricing forecast calls for a 1.5% increase.
For its Aftermarket Index, MacKay & Co. surveys component manufacturers, with U.S. respondents reporting parts sales up 7.4% in 2018. That represents a 9.7% increase in sales to original equipment suppliers and 4.2% increase for the independent channel.
“It was a more positive year than we initially anticipated,” Blodgett said.
MacKay & Co. also conducts a monthly sales survey with heavy-duty distributors, independent parts distributors and truck dealers. For dealers, parts sales have rebounded after a slip in 2016, improving 3 or 4% throughout most of 2017 before climbing to a 10% level of gain through the first half of 2018 then settling in the 7-8% range.
“That’s another strong indication of a good year for the aftermarket for the truck dealer segment, and was a similar profile for the heavy-duty distributors,” Blodgett said, although the parts sales gains reported for 2018 ran at a steady rate of about 4%.
MacKay & Co. also surveyed fleets and distributors regarding their leading concerns for 2019, For fleets, the top three remained the same from 2018, although the order was shuffled: General economic activity came in as the top concern, followed by driver shortages and the complexity of new components.
Distributors easily were the most concerned about finding qualified technicians, followed by the economy and growing their business.
“I think the economy is a little bit more top of mind, both on the distribution side and for the fleet,” Blodgett said.


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The race to slash GHG emissions is on, and it’s extending beyond the promise of future battery-electric trucks or hydrogen fuel cells.…
June 15, 2020 |
The coronavirus pandemic has changed the world. In the United States it altered the way our country operates and wreaked havoc on American businesses, but leaders in Washington responded with actions that helped mitigate the damage. I applaud these efforts and am confident that our economy will bounce back. But the work is not done.
Our nation’s economic recovery depends in large part on maintaining a flow of goods provided by trucks. To help ensure this important work gets done, Congress must provide a catalyst to boost production at domestic truck factories and bring customers back to our stores. The fastest and most direct way for Congress to aid this part of the economic recovery — and the trucking industry — would be to suspend the 12% federal excise tax on heavy-duty trucks and trailers. As Congress considers the next phases of virus-related economic recovery legislation, it should include suspension of the FET on new trucks and trailers until the end of 2021.
This proposal could incentivize truck and trailer sales during this difficult and unprecedented economic period, and put newer trucks on the road. While today’s heavy-duty trucks are the safest and cleanest ever, these gains have come with costs; environmental, fuel economy and safety technologies have added by various estimates up to $40,000 to the cost of a new heavy-duty truck. With more than half of the Class 8 trucks on the road at more than 10 years old according to the Diesel Technology Forum, relief from the FET could compel carriers to upgrade their fleets to newer, cleaner trucks. And in a recent survey of trucking fleets, American Trucking Associations found that nearly 60% of respondents would be somewhat or very likely to buy additional trucks and/or trailers beyond their scheduled buy if the FET was eliminated.
Recent News | 02/18/21
Recent News | 02/17/21
... the need for immediate emissions reduction is not going anywhere. And it’s becoming clearer each day that biodiesel is an excellent way to meet demand.…
Recent News | 02/12/21


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The News Room
Embedded Tech Trends 2018 Presentation Video
Big and Bright: Security
Earlier this year, we delivered a presentation at the Embedded Tech Trends conference, where we talked about some of our latest board security enhancements. You can now watch that presentation in the video below.
What is Embedded Tech Trends?
Embedded Tech Trends is an industry-wide forum where suppliers of component, board and system level solutions can meet exclusively with members of relevant industry media to discuss technologies, trends, and products.
Find out more here.


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In this article, Planet Biometrics reports that NTT DOCOMO is now offering FIDO-enabled biometric authentication for customers using Apple iOS devices, allowing them to use Touch ID for password-free access to its online services.
MORE FIDO in the News
NZZ Magazine: The end of the password search
Apple is not cooking up its own security soup when...September 23, 2022
UploadMagazin: Passkeys and FIDO: The future without passwords explained
The future without passwords is explained in this German feature...September 16, 2022


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HTC took the wraps off a One M9 in 24ct gold to celebrate this year’s UEFA Champions League final between FC Barcelona and Juventus. The Taiwanese manufacturer is among the sponsors of the tournament.
In addition to being coated in the precious metal, the limited edition HTC One M9 has the UEFA Champions League logo engraved on its back. Read more »
We managed to spend quality time with the freshly announced Huawei P8 lite for the US market. The smartphone is already available to order in the United States directly from Huawei’s online store.
Huawei P8 lite features the same design language as the company’s P8 flagship. Read more »
According to a report in The New York Times, we will not see a new Apple TV at WWDC. Past rumors suggested that the Cupertino giant will unveil a new set top box with the same CPU as iPhone 6.
Apple’s change of hears took place over the past couple of weeks. Read more »
Beginning today, Google Maps will show you real-time transit information. The search giant has been providing transit information for a while now, though not in real-time.
The feature will deliver live arrivals for buses, metro trains, and subway. Read more »
The leading manufacturer of action cameras GoPro will launch its first quadcopter in about a year. Nick Woodman, the company’s CEO announced that the drone will debut in the first half of 2016.
Woodman calls the upcoming quadcopter “the ultimate GoPro accessory.” Read more »
If you were’t a participant in the most successful Kickstarter project to date and were wondering when will you be able to pre-order a Pebble Time, we have some good news. Pebble’s latest smartwatch will be available for pre-order to general public in less than a month, on June 22.
Prospective Pebble Time buyers can leave their contact information on a dedicated sign up page set up by the manufacturer. Read more »
The next major iteration of Android will reportedly bring dedicated permission controls to users. Android M is expected to debut tomorrow during Google I/O in San Francisco.
Currently, Android prompts users to accept all permissions an application requires before installing it. Read more »
Apple received a patent for a hybrid keyboard with touch-sensitive keys. The innovative setup will allow users to to apply multitouch gestures without removing their hands from the keyboard.
The keys of the “Fusion keyboard” feature capacitive touch sensors. Read more »
According to a report in 9to5Mac, the previously rumored Transit Maps feature in Apple iOS 9 will have limited availability at launch. The service will allegedly be live in 5-6 cities in the United States, Canada, and Europe.
Transit Maps in iOS 9 might go live as early as next month in New York, San Francisco, Toronto, Paris, Berlin, and London. Read more »
According to a report in Re/code, Twitter is interested in acquiring Flipboard. The social network has reportedly been holding talks with Fipboard since the beginning of this year.
An all-stock deal is said to be valuing Flipboard in excess of $1 billion. Read more »
Apple promoted Jony Ive to a Chief Design Officer. The industrial designer’s brand new executive position has been newly created for him.
Jony Ive served as a Senior Vice President of Design over the past few years in Apple. He is credited with penning some of the Cupertino giant’s most successful products. Read more »
Instagram began sending out “Highlights” emails to its subscribers. The move is a bid by the now mature social network to keep its300 million users more involved.
The messages contain popular posts from the accounts one follows. Read more »
DxOMark put HTC One M9 and its 20MP camera through the paces of its highly contested photography test. The Taiwanese manufacturer’s metal-clad flagship received the poor overall score of 69 (73 for still photography and 61 for video capture).
The result of HTC One M9 falls well behind the 86 points scored by the DxOMark leader, Samsung Galaxy S6 edge. The M9 shares 21st place with the Amazon Fire Phone and falls behind some decidedly devices such as Samsung Galaxy S III and iPhone 4s. Read more »
NVIDIA’s Shield Tablet is now getting Android 5.1 Lollipop over-the-air. The new firmware is seeding to both the Wi-Fi and the LTE variants of the video game-centric tablet.
As part of Software Upgrade 3.0 for the Shield Tablet, Android 5.1 brings improved performance and overall responsiveness to NVIDIA’s slate, as well as enhanced security. Read more »
Sony Mobile and and UEFA announced a three-year global partnership. Under its terms, Sony will promote its Xperia smartphones and tablets during Champions League games.
Sony Mobile will also support the UEFA Super Cup, as well as the Women’s Champions League Final and UEFA Youth League Finals. Read more »


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House Bill 88, Finished Hemp Product Sales was introduced in the state House of Representatives on Jan. 19, the first day of the legislature. Sponsored by Rep. Derrick Lente, of Dist. 65, it was sent to the House Agriculture and Water Resources Committee and is scheduled to be heard there Feb. 4.
New Mexico Hemp Coalition (NMHC) Vice President Bob Boylan raises hemp in Torrance County, and has a store in Edgewood, Verve, where products manufactured there can be purchased.
Boylan said the Hemp Coalition has concerns about “some of the language involving penalties and enforcement and the establishment of an Environmental Improvement Board.”
He said HB88 “was put forward this session with recommended changes primarily to the original hemp manufacturing bill.”
The Hemp Coalition is are advocating for the farmer to have more control of their crop after harvest, Boylan said. “This was one of the major concerns expressed by industry stakeholders in a survey NMHC did in December.” He added, “NMHC prides itself in being a representation to our industry that family farms, manufacturers, and processors can be excited about. We believe that people’s voices need to be heard and respected.”
A non-scientific survey asked people in the industry about challenges they are facing for their various hemp growing operations. According to the results, provided by the NMHC, the top issue is legal or regulatory hindrances in the production of hemp. The survey also show high percentages in the “Post-Harvest Processing” category.
“We wanted feedback from the industry organizations that is made up of many hands,” said NMHC President Aaron Diaz.
The hemp industry still faces many challenges in the state, he said. “It’s still a very young industry and the regulating aspects are to bring more harmony into the industry,” said Diaz.
The United States Department of Agriculture approved the New Mexico Department of Agriculture’s state hemp production regulatory plan in October, 2020.
States that want to have primary authority over the regulation and production of hemp were required to complete a state plan for review and approval by the USDA. The USDA didn’t amend the harvest window, set at 15 days, and as a result of that the state reverted back to operating under the 2014 Farm Bill.
Boylan describes the hemp industry as currently on the “rebound.” He said his businesses “were impacted like everyone but we also see signs of positive re-energizing of the industry.” He also said that he is “extremely optimistic,” adding, “After two years of struggle, East Mountain brands like Road Runner CBD and BeHempful are showing positive signs of strong growth in both wholesale and retail.”
Diaz said hemp licensing was down over 50% in 2020. The year before there were around 7,000 acres licensed for hemp farming and this year it was down to around 2,000 acres. He said they want to increase that acreage and work toward regulations that make the market habitable for hemp products.
He said there currently isn’t enough infrastructure in place in the state to facilitate some of these plans. The industry is still struggling with things like banking, post-harvest obstacles, labor issues, especially with Covid-19, and skilled labor.
As a collaborative, the Hemp Coalition wants to market sale of hemp products within the New Mexico True campaign, which helps to support farmers of things like beef, chile, and pecans.
The Hemp Coalition is looking to spend the upcoming year continuing its educational forums about the hemp industry, which includes community-oriented education venues, and professional development educational forums in the form of web-based events and seminars.
They are hoping that the conditions of the pandemic will improve and allow for them to return to in-person events in the future.
“It’s really important we reiterate as hemp producers in New Mexico, that we come together with equal footing to share our successes and failures. That’s the only way to advance the industry and become a New Mexico True product,” Diaz said. He added, “Collaboration is about unity to grow and protect the industry and help strengthen the New Mexico economy.”


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Industrial raw materials supplier, Team Trade, recently announced the successful completion of its bond sale. With a total of 24 million Czech crowns (€937,000) worth of bonds sold within the short sales time, investors have shown their belief in Team Trade’s business plans.
“We are very pleased with our achievement and would like to thank all of our investors for placing their trust in us,” said Pavel Kuchalik, Director of Operations at Team Trade. “To sell so many bonds in such a short space of time proves the potential that carbon nanotube production has in today’s manufacturing world, and our investors’ belief in our business.”
Work is already progressing to turn the investments into profit, with plans laid out to construct a carbon nanotube manufacturing facility as soon as is practical.
“Now of course, the hard work begins, as we must set about turning our plans into reality,” noted Kuchalik.
With demand frequently outstripping supply for this revolutionary new raw material, numerous manufacturers are seeking reliable deliveries of quality carbon nanotubes. Given Team Trade’s 14 years’ experience in the supply and distribution of industrial feedstocks it seems likely that the company is about to embark on a successful new era.


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When Uber Eats arrived in Portugal in 2017, it had “one of the most successful launches in the world.” The platform received “twice as many orders” as its most optimistic scenario, but it had “less than half of the delivery partners” it had expected.
“It was chaos. Needless to say, we had a panicked team calling users apologizing for the delays and we almost had to deliver orders to our users.” The story was shared this Wednesday by Diogo Aires Conceicao, general manager of Uber Eats in Portugal, at an event in Lisbon marking the platform’s fifth anniversary in the country.
From 2017 to 2022, Uber Eats has evolved from a food delivery platform to a platform that “allows users to order whatever they want,” from supermarket groceries to in-home doctor services. Five years ago, he had a network of 90 partners, and now there are more than 12,000 restaurants and outlets. “We are present in more than 100 Portuguese cities, we already cover about 80% of the Portuguese population,” said the CEO.
Uber Eats launches home doctor service
In turn, the number of Portuguese using the platform in Portugal is not disclosed. Asked by the Observer during a conversation during the event, Diogo Aires Conceicao said the numbers were not released by country, but that Uber Eats had “124 million monthly users” worldwide.
Focusing on the news, the CEO noted that last week Uber and Uber Eats announced a partnership with SIBS to start accepting payments through the MB Way app. In the future, “integration of voice orders into the delivery application” will be launched “soon”. But that’s not all: next year, the platform will launch a new service that will allow merchants and restaurants to use Uber Eats’ “car network” to deliver the orders they generate through their own channels.
In an interview with the Observer, Diogo Irish Conceição recalled that about two years ago, “the product Web siteso that restaurants that want to “sell on their own website and then only trust distribution to Uber” can do so. Now, “the product we’re going to launch next year is just that” so that restaurants “that already have their own channels online sales agents” can “use our courier network to deliver their Web site🇧🇷
The economic situation in the country is being closely monitored, but Uber Eats is seeing people continue to use the platform. Therefore, he tries to have “the widest range of options for any budget” – from Michelin-starred restaurants to fast food restaurants. Diogo Aires Conceicao acknowledged that consumers are “more selective in what they choose on the platform.” – although the “frequency of users” is “increasing”.
Michelin guide. From Jose Avilés to Vasco Coelho Santos, 5 new stars appeared in Portugal
The CEO of Uber Eats Portugal also stressed that more than 90 million euros have been invested over the past two years to establish the company’s “Center of Excellence” in Lisbon. center that “a support center for several countries in the region, which has already created about 500 direct jobs.”


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With a 24% market share, one of the biggest Indian smartphone sellers who topped the charts last year by selling more smartphones than the much loved Samsung Electronics in the country, is in the news again. Chinese Firm, Xiaomi’s former India managing director, was summoned on Wednesday, April 13th, in a probe over business practices conformed with Indian foreign exchange laws, as per the sources.
Manu Kumar Jain has been summoned by the Probe agency Enforcement Directorate and was asked to appear before the investigators at the Delhi headquarters. Summons were issued to Mr. Jain earlier, also where ED learned to have asked him to join the investigation against the company.
The agency started the investigation against the company that also deals in other gadgets, like smartwatches and television, in February this year. Jain was asked to furnish several financial documents related to the company via a notice issued in February, which included details of foreign funding, shareholding and funding patterns, financial statements, and information of key executives running the business, as per a source. In recent weeks, the former India head and the current global vice president of China’s Xiaomi Corp, Manu Jain, has been asked to share details related to the investigation of whether the company’s business practices conformed with Indian foreign exchange laws.
Based out of Dubai, Manu Jain was currently on a visit to India, as per the sources reporting to the Press Trust of India; however, the purpose of his visit was not clear. With strict actions by the probe agency ED, it is cited that it would further scrutinize the Chinese smartphone maker. In December, the company’s office in India was also raided last year under a different investigation for alleged income tax evasion along with a few other Chinese smartphone makers.
India’s federal financial-crime fighting agency is inquiring and probing the existing business structures between Xiaomi India and its contract manufacturers. According to Press Trust of India, its parent entity in China, along with various other things like fund flows between Xiaomi India and its parent entity.
When asked about the probe, a Xiaomi spokesperson assured me that the company abode by all Indian laws and was “fully compliant with all the regulations.” According to the statement, “We cooperate with authorities with their ongoing investigation to ensure they have all the requisite information.”
According to sources, the alleged violation of the Indian Foreign Exchange Law case is related to some foreign remittances made by the company to China through a third country, which is against the RBI guidelines. An ED official was quoted as “Around three years ago, the company made remittances to the tune of over Rs 3,000 crore in violation of the Foreign Exchange Management Act (FEMA). Accordingly, a case has been registered, and the company is being investigated.”


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TEL AVIV, CA, ISRAEL, May 23, 2023/EINPresswire.com/ —
illustria, a leading software supply chain security company today announced that they have received the prestigious 2023 Intellyx Digital Innovator Award. Intellyx is the first and only analyst firm dedicated to digital transformation focuses on enterprise digital transformation and the leading-edge vendors that are driving it, Intellyx interacts with numerous innovators in the enterprise IT marketplace.
“It’s an absolute honor to be recognized by Intellyx Digital as Innovator Award for 2023. The illustria team feels validated by this award, which is a testament to their unwavering commitment and exceptional efforts” said Idan Wiener, CEO and Co-founder at illustria.
Intellyx’s 2023 Intellyx Digital Innovator Awards puts a spotlight on vendors worth watching and they bestow this award upon vendors who make it through Intellyx’s rigorous briefing selection process and deliver a successful briefing.
““At Intellyx, we get dozens of PR pitches each day from a wide range of vendors,” said Jason Bloomberg, President of Intellyx. “We will only set up briefings with the most disruptive and innovative firms in their space. That’s why it made sense for us to call out the companies that made the cut.”
For more details on the award, please visit https://intellyx.com/2023/05/16/intellyx-announces-2023-digital-innovator-award-winners/
Illustria aims to promote responsible use of open source by preventing software supply chain attacks in the development lifecycle. By bridging the gap between security teams and engineering, Illustria helps you keep your applications secure throughout their lifecycle. To experience the benefits of Illustria’s solution, schedule a demo today at https://illustria.io and safeguard against supply chain attacks. For more information, please contact Sonia Awan, PR for Illustria at [email protected]
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Article originally published on www.einpresswire.com as illustria Wins the 2023 Digital Innovator Award from Intellyx
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UPDATE: Local stores, organizations closed due to inclement winter weather
BOWLING GREEN, Ky. – With the incoming dangerous winter weather, many shops and businesses are closing up early for the week.
Mammoth Cave, the Glasgow Transit Bus, the Warren County Public Library and a roundup of local stores and agencies are closed Friday to avoid the bad weather.
On Friday, Dec. 23, the following businesses and organizations are closed:
- Spencer’s Coffee at both locations.
- Scott Waste will not be running on Friday due to inclement weather. Scott Waste customers with scheduled Friday collection should expect double garbage collection Friday, Dec. 30.
- Ramen Bar
- Gasper Brewing Co. is closed until Wednesday.
- Bowling Green Chick-fil-A locations are closed for breakfast until 10:30 a.m.
- Historic Railpark and Train Museum. They will reopen Monday, Dec. 26.
- Glasgow Public Transit Bus. The City of Glasgow says it will resume service on Wednesday, Dec. 28 on schedule.
- T.J Regional Health clinics, pavilion and urgent care.
- Warren County Public Library locations. You can follow their Facebook page for closure updates.
- The Logan County Sheriff’s Office is closed until 8 a.m. on Tuesday, Dec. 27.
If you would like to view a list of local businesses closing or submit your own business closings and delays, visit wnky.com/weather/closings-and-delays/.


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Overall inflation on a point-to-point basis edged up to 5.55 per cent in March from 5.47 per cent in February thanks to soaring food prices.
Inflation rose for the third consecutive month after witnessing a falling trend in the previous October-December quarter, suggests the latest data of Bangladesh Bureau of Statistics (BBS).Consumer price index (CPI) went up to 262.45 points last month which was 261.36 points in the previous month.
Overall monthly inflation was recorded at 0.42 per cent for March over the February’s level that had fallen by 0.08 per cent.
Planning Minister MA Mannan unveiled the CPI data of BBS at a press conference on Tuesday, where BBS director-general Dr Krishna Gayen was present.
“Inflation rose last month mainly because of a rising trend in food inflation, although non-food inflation eased last month,” Dr Gayen told reporters.
MA Mannan pointed out that the rise in food items’ prices like chicken and vegetables were the main reasons for the rise in inflation rate.
In January, point-to-point inflation was 5.42 per cent and in February it was 5.47 per cent.A declining trend was found from October to December with 5.40 per cent, 5.37 per cent and 5.35 per cent rates respectively.
In March, food inflation inched up year-on-year to 5.72 per cent with 0.64 per cent monthly inflation, which was 5.44 per cent one month ago when monthly food prices were in the negative territory by 0.19 per cent.
BBS listed price hike for food items like fish, meat, vegetables, edible oil, fruit and other items last month.
Non-food inflation, on the other hand, slipped to 5.29 per cent which was 5.51 per cent in February even though on a monthly basis it modestly rose by 0.06 per cent.
Non-food items such as clothing, medicare, transport
and some other items also witnessed monthly cost hike in March over that in February.
Although remaining low, rural general inflation rate saw a faster gain to 5.38 per cent from 5.26 per cent in contrast to urban inflation gaining from 5.85 per cent to 5.86 per cent in March.
Rural food inflation soared from 5.48 per cent to 5.80 per cent, while urban food inflation rose from 5.38 per cent to 5.52 per cent.
Monthly food inflation was recorded at 0.67 per cent in March for rural area and 0.57 per cent for urban areas.
Rural non-food inflation eased to 4.58 per cent which was 4.86 per cent a month earlier, while urban non-food inflation declined to 6.24 per cent from 6.39 per cent.
Average annual inflation was recorded from April 2018 to March 2019 period at 5.48 per cent, down from 5.82 per cent posted in the previous corresponding period.
Meanwhile, the national general wage rare increased year-on-year by 6.56 per cent in March. The wage increase rate was 6.48 per cent in February.


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Apple and Texas firm Fintiv are preparing to hash out a potential settlement on June 8, to try and end a patent infringement lawsuit involving Apple Pay and Apple Wallet.
The U.S. District Court for the Western District of Texas has ordered for Fintiv and Apple to meet for a settlement conference on June 8. The conference is meant as the last formal step before the two sides head to a full trial, with the intention of arranging a settlement before reaching that point.
The court-ordered settlement conference, reported by Fox Business, is the latest event in a lengthy lawsuit that stems back to December 2018. At that time, Fintiv launched the lawsuit against Apple, taking aim at Apple Wallet and Apple Pay.
Fintiv was previously founded in 2010 under the name Mozido, Inc, as a fintech firm with a mobile cloud commerce platform. It holds a number of patents relating to those technologies.
The patent in question was acquired by the company and deals with the "management of virtual cards stored on mobile devices. This includes the "provisioning of a contactless card in a mobile device with a mobile wallet application," with Apple said to be infringing on claims with its products and services.
The lawsuit did previously reach a trial stage in 2022, but the judge decided to delay proceedings and opened the discovery process back up.


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Perennial childhood favourite Lego is working with a team of Sony researchers to explore ways of keeping the block toy relevant.
PC World report a group at the Tokyo-based Sony Computer Science Laboratories is experimenting on embedding motors, cameras, and actuators into Lego blocks.
The cameras can be used to transmit video to smartphones and other devices, and the actuators can be used to make structures crumble on demand - which would be a pretty great feature on its own, as anybody whose ever had to deconstruct a large Lego tower will agree.
"Lego is concerned about losing kids to video games. We want to keep the size small, but add interactive games," Sony R&D's Ganta Kondo said.
That said, there are no plans to bring these products to market yet; the team is struggling with the short battery life of such tiny devices, as well as the difficulties of tracking so many bricks at once.
At this stage, the team has also developed a system whereby a computer-controlled Lego platform will chase another around an arena; the second platform is controlled by a player using a control pad or just their hand. It's a simple idea, but since you can build whatever you like on the platform, it has quite a few gaming possibilities.


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The volume of PayPal Inc. payments made through other companies has eclipsed the volume of transactions initiated through the online auctions of its parent company, eBay Inc.
The milestone comes as PayPal's acceptance at large online merchants has increased.
The value of payments made through PayPal rose 28%, to $14.8 billion, in the third quarter from a year earlier, eBay said Wednesday. Of those payments, 51% were made to merchants other than eBay, up from 44% a year earlier and 49% in the prior quarter.
PayPal's net revenue rose 37% from a year earlier, to $597 million; eBay's marketplaces net revenue, which includes its flagship auction site as well as its classified ad sites, grew 4% to $1.38 billion from a year earlier.
John Donahoe, eBay's president and chief executive, said on an earnings conference call Wednesday that "these are turbulent times for which nobody has the perfect playbook."
However, he stressed that eBay, which announced last week that it would cut its work force by 10%, was also expanding its payments unit.
"We are strengthening our position in online payments" through acquisition, he said. It is also bulking up other business lines, including its online classified advertisements unit. Last week eBay announced a deal to buy Bill Me Later Inc., an online payment company.
Jennifer Roth, a research director with the global payments practice at TowerGroup Inc., an independent research firm owned by MasterCard Inc., said PayPal's usage is clearly increasing.
"They've really made some great strides with the merchants," she said.


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It’s official: Science has gone too far. Just two weeks after Mountain Dew announced they were entering the booze game, the soft drink giants decided to make an equally disturbing announcement: they’re gonna be making a Flamin’ Hot soda.
— IGN (@IGN) August 25, 2021
In a wonderful twist of fate, the news came to us via this tweet from the gamers at IGN. The first thing that came to mind is the angry red of Flamin’ Hot Cheetos. The combination of Mountain Dew and the spicy snacks makes sense, when served separately. Upon further investigation, it seems like the bubbly gamer juice will be sweet, citrusy, and spicy. Seems like they might be going for of a Mexican vibe, a nod at chamoy, a piquant sauce made with pickled fruit. While we’re remaining slightly optimistic, the internet has a lot to say about this big news. And a lot of what they have to say involves spicy buttholes. We hope they’re wrong about that hypothetical…effect.


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SHANGHAI (Reuters) – Most Chinese language traders count on regulators to calm down guidelines on preliminary public choices (IPOs) by know-how firms, and wish to put money into such home listings, the Shenzhen Inventory Alternate stated on Wednesday, citing a latest survey.
The trade stated its survey confirmed that just about 90 p.c of respondents stated Shenzhen’s start-up board ChiNext ought to strengthen its help to hi-tech companies.
Most traders are in favor of decreasing monetary threshold for his or her IPO, or accepting twin share courses, based on the survey.
The survey outcomes, revealed on the trade’s web site, match with regulators’ need to deliver residence overseas-listed tech giants. A lot of China’s largest tech firms, together with Alibaba Group Holding Ltd (BABA.N), Baidu Inc (BIDU.O), JD.com Inc (JD.O), and Tencent Holdings Ltd (0700.HK), are listed offshore.
China could permit its offshore-listed tech companies to promote a type of shares on the mainland, or China depositary receipts (CDRs), individuals with data of the plan instructed Reuters final week.
Such a plan, if applied, would pit Shanghai and Shenzhen towards Hong Kong within the battle to host China’s tech giants.
Reporting by Samuel Shen and John Ruwitch; Modifying by Richard Borsuk


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The Bank of Ghana is making efforts toward financial inclusion to promote economic resilience in the country, the bank’s second deputy Governor, Elsie Addo Awadzi, has said.
The bank, under the National Financial Inclusion and Development Strategy, is working to increase access to affordable financial products and services – particularly for individuals, small and micro-businesses and informal sector players, she said.
Ms. Addo Awadzi noted that the bank has provided the necessary regulatory environment to support banking, remittance and payment services for individuals, micro and small businesses and informal sector players to increase financial inclusion in the country.
“We have witnessed immense digital transformation in financial services these last few years,” Awadzi said in her keynote address at the Institute of Statistical, Social and Economic Research (ISSER)-World Bank Public Engagement on 2021 Ghana Findex Data and launch of ISSER Inclusive Finance Development Series.
Ms. Awadzi stated that the credit reporting system and collateral registry system regulated by the Bank of Ghana also promote access to credit, even for small borrowers. Furthermore, the bank’s wholly-owned subsidiary, Ghana Interbank Payment and Settlements Systems (GhIPSS), invested in mobile money interoperability infrastructure to support digital financial services, resulting in a significant increase of mobile money usage in the country.
To monitor progress in financial inclusion, she emphasised the importance of high-quality, consistent, reliable, accessible, and connected data. According to Ms. Awadzi, data helps identify gaps in inclusion, design appropriate evidence-based interventions, and monitor their implementation and effectiveness.
She highlighted the World Bank Global Findex Database as a comprehensive and authoritative data source on access to financial services in the developing world. She stressed that the newly-implemented Bank of Ghana online reporting and analytics supervisory tool (ORASS) addresses supply-side data constraints and enhances reporting capacity.
Therefore, a unified data architecture is required to connect existing databases for effective and consistent policy formulation, regulation; and designing appropriate financial products and services to further enhance financial inclusion.
Ms. Awadzi also mentioned roll-out of the biometric Ghana Card, which is now designated as the single identity card for financial transactions, to help track users across the whole spectrum of financial services, facilitate demand and supply-side data collection and analysis.
The importance of data integrity, data privacy, system robustness and effective data governance cannot be overstated, and therefore it will require expertise at every point to identify and address issues that will promote more financial inclusion in Ghana.
She noted that the country’s progress in financial inclusion is commendable, and with continuous effort the bank will achieve its goal – which is to promote financial inclusion in Ghana’s economic and financial resilience.
“Whether through introduction of the post office bank system in the 1960s or the licencing regime for rural and community banks in the 1970s, financial services have gradually been brought closer to the doorsteps of every Ghanaian and every business,” the second deputy Governor said.


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- Accounts receivable teams are struggling to keep on top of collecting payments on invoices, with many being weeks or even months behind schedule, according to a recent poll conducted by payments software provider Versapay.
- The survey of 300 CFOs found that only a minority (23%) of AR teams are up to date. By contrast, 38.33% said they’re slightly behind; 14.67% said they are weeks behind; and 22% said they are months behind. Meanwhile, 2.33% say they will never fully catch up.
- This is partially due to the number of invoices many companies have to process: 10.33% of teams process 10,000 invoices or more in a given month, 28% process between 2,500 and 10,000 and 41% process between 300 to 2,500. The survey also found that 39% of teams report that the average invoice amount is between $300 and $2,500; meanwhile, 32% of teams said their invoices were $10,000 or more.
Payment speed is a major priority for finance leaders, as it affects cash flow and working capital but Russell Lester, CFO of Versapay, said in an interview that AR departments are not always prioritized.
“It’s a part of the business that is sort of forgotten, misunderstood, when really your AR practitioners are the lifeblood of your cash flow,” Lester said. “I think modern CFOs are realizing they hold the tip of the spear in generating healthy cash flow: the number one way is getting paid for what you did.”
The poll found that communication delays due to missing information were singled out as the major culprit delaying processing while the rise in fraudulent digital invoices is another factor, Russell Lester, CFO of Versapay said in an interview.
“The proliferation of digitization means scammers are getting more prevalent on the [accounts payable] side of things and constantly I am getting emails from people presumably asking for payment… How many fake DocuSign approvals do we get all the time? In this case, communication is the key,” Lester said.
Disputes over an invoice — things like missing or damaged items, application of discount rates, or payment terms — are also slowing down AR processes: 56.67% of teams reported that resolving disputes takes up at least a quarter of their day. Larger companies especially have this issue, with 36% of CFOs at such firms reporting their AR teams typically spend half or more of their time on dispute resolution.
Previous data indicate this is not a new issue: a 2022 Versapay report shows 54% of finance leaders saying reducing delays in cash flow was a major priority, while 41% said payment speed is the biggest challenge to their AR process.
The report touted collaborative payment portals, business-to-business invoice delivery and payment acceptance technologies that allow for two-way communication between an AR team and customers’ AP teams in-application as a possible solution to these issues.
The poll comes as faster payments stemming from improved technology also poses some potential drawbacks for finance teams. For example, the instant payment service FedNow that launched last week is touted as the biggest upgrade to the U.S. government’s payment system in 50 years. But it could eat into the “float” or amount of time between initiation of payment and clearing which some CFOs rely on to manage cash, CFO Dive previously reported.


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If you are looking for a safe way to stop friends, business colleagues or family from using their smartphone for texting whilst driving the car, you might be interested in a new smart phone car safe call the ORIGOsafe.
The ORIGOsafe has been designed to link to your ignition and prevent the car starting unless your smartphone is safely tucked away within the ORIGOsafe. Watch the video after the jump to see it in action.
Unfortunately the current time the ORIGOsafe will only work with the Samsung Galaxy S3 smartphone, however new versions of the ORIGOsafe are currently under development for Apple’s iPhone 4 and iPhone five smartphones. For more information on the new ORIGOsafe device jump over to the manufacturers website for full specifications, details and order pages.
“The National Safety Council estimates that at least28%of all traffic crashes- or1.6 million accidents per year- involve drivers using cell phones and texting. These cell phone-related crashes result in6,000 deathsandhalf a million injuries per year. Teens are especially at risk; the latest statistics show that teen driving deaths have risen 19% in the past year (GHSA)
Despite these alarming numbers,all drivers, especially young adults, are addicted to their cell phones and want constant connectivity. Handheld cell phone use while driving, including texting and driving, is rampant on our roads today. This dangerous behaviour must stop before more lives are lost.”
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In case you missed it, developers and creative professionals have been kicking up a storm since Apple announced the new MacBook Pros. The negative reaction has been brutal, and startling in its immensity. Here’s why.
Apple has just announced its new 13 and 15-inch MacBook Pro notebooks, and while there’s lots to love about them, there’s also one thing that really, really gets me.
In a bold move, Microsoft held its Surface and Windows Creators event just a day before Apple's special event and put forth its bold vision and strategy. The star of the show is no doubt the new Surface Studio AIO system, but there's much more than just that. We've compiled the updates here for your easy reading.
Time to celebrate a festive weekend by e-shopping for awesome gadgets!
Apple's workhorse mobile workstation, the MacBook Pro, is well overdue for a refresh and so is the MacBook Air. At Apple's special event, we'll find out if the rumours of the new MBP machines being lighter, compact and having an OLED touchpad come true. Join us to check out what else Apple has under wraps.
ASUS has the Microsoft Surface Pro 4 lined up squarely in its sights. The company has announced the Transformer 3 Pro and Transformer 3, two 2-in-1 hybrids that come with ample processing power and support for Thunderbolt 3.
Dell showcased a full range of Alienware systems and gaming hardware at an event yesterday, held to commemorate Alienware's 20th year in the high-performance PC business.
ASUS just unveiled its latest range of computing and mobile devices, just in time for the holiday shopping season. This includes products like the ZenBook 3, its slimmest and most stylish notebook yet, and the Transformer 3 Pro, a veritable challenger to the Microsoft Surface Pro 4. Hop in for more details!
The ASUS ZenBook 3 has been touted as a MacBook killer, but is it really? Here's a closer look at one of the most attractive notebooks ASUS has put out in a long time.
Curious about what's happening at GameStart 2016 this weekend from 7th to 9th October? Check out the booths and games on display here!
Kamehameha! The weekend is finally here! If you love Dragonball and want to get your hands on Xiaomi's new Mi Notebook Air, then get your weekend started on the right note with these deals we found online here.
ASUS has updated its ROG Strix GL502 gaming laptop with NVIDIA's latest Pascal graphics cards. The ROG Strix GL502 combines a fresh new design with powerful performance, and it also happens to be one of the slimmer gaming notebooks on the market today. Here's a closer look at the machine.
The Acer Predator 21 X turns quite a few heads on paper already. A 21-inch curved G-Sync display? Dual NVIDIA GeForce GTX 1080s? A full-sized mechanical keyboard? Check, check, and check. Here's a look at this beast in all its full glory.
Besides looking forward to the end of a work week, you can look forward to good deals too.
TGIF! We're back with another round of deals for you to round off the week and usher in the weekend.
Feeling down after the three-day weekend? Maybe these deals can help, especially if you missed heading down to Comex over the weekend.
Looking to upgrade? Look here. NVIDIA's excellent Pascal cards have now found their way into quite a number of gaming desktops and notebooks, which means you stand to enjoy a huge performance jump. Here's a look at the Pascal systems that caught our eye on the show floor and their show offers.
The LG Gram 15 weighs an unbelievable 980g. How did LG achieve this incredible weight? And what compromises, if any, did they make? We reveal all in our review.
The Acer Swift 7 is the world's first notebook to measure in at less than a centimeter thick. Combine that with a classy gold finish and sleek black lid, and Acer has created quite a winsome design that will turn quite a few heads.
HP is upping its notebook game with its new Spectre notebook. Featuring a super svelte body and stylish rose gold accents, HP says this is the notebook to beat. We find out if it’s true.


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Beer market of Russia 2016: PET goes to draftThe beer market of Russia was warmed up by the hot summer, but the preparation for large volume PET prohibition has already impacted it negatively. The year was successful for Efes, MBC and regional producers; Carlsberg’s positions were virtually stable but AB InBev and Heineken lost a part of market share having focused on the sales profitability. The dynamics of big brands was determined by how much the companies were willing to keep the prices down or by their promotional activity. In this context the economy segment of the beer market and sales of inexpensive draft beer were increasing. The premium segment started shrinking due to license brands migrating to the mainstream segment.
Beer market of Vietnam: “Young tiger”Vietnam is one of the few big beer markets that continue to grow steadily. The beer popularity results from its low price, street consumption culture, and social motives. The outlooks of beer market as well as the Vietnamese economy inspire optimism, though the country is heavily dependent on export of goods. The state regulation can be called liberal, but the key risk for brewers is harbored in intensive rising of excise. Within TOP-4 there are two leaders, Sabeco and Heineken that grow at the fastest rates. The first company effectively employs its capacities, the second one focuses on marketing technologies. Almost 80% of the market belongs to century-old brands, yet the middle class and the youth are shifting their interest toward international premium that is growing taking share from the mainstream.
Analysis of beer market in China (on Russian)
Beer market of Ukraine: big three losing weightIn 2016, fast increase of excises and resulting price spike stood in the way of the beer market stabilization. Most of competition (as well as mass sorts) moved to the economy segment of the market. The biggest losses were incurred by the leading three, especially Obolon, which again experienced pressure after reallocation of Efes market share. However, one should already speak of TOP-4. Group Oasis CIS (PPB) became a strong player and competitor to transnational companies. Besides the net sales of many regional medium breweries look rather good and 16-fold cost reduction wholesale trade license for craft brewers opens up a possibility of rapid growth in 2017.
Listings by top Vietnamese brewers seen delayed to Q1 2017
Listings by Vietnamese brewers Sabeco and Habeco could be delayed until the first quarter of 2017, a minister said, due to the completion of formalities and talks with existing investor Carlsberg.
After the listings the government is expected to sell its stakes in the country's biggest brewers, ultimately raising $2.2 billion as it loosens its tight grip over one of Asia's most sought-after beer markets.
The brewers' share debuts were originally scheduled by the end of 2016.
It takes 12 to 14 weeks for a Vietnamese company to complete all the requirements for listing, Deputy Industry and Trade Minister Hoang Quoc Vuong told a news briefing broadcast live by the government's website on Tuesday.
"The possibility for these two firms to make a share listing in 2016 is difficult," Vuong said in the broadcast.
"But their listings, if (there is) no delay, will be within the first quarter of 2017," he said. He gave no specific dates.
Hanoi-based Habeco, 81.79 percent owned by the government and which brews Bia Ha Noi beer, has also been solving "some pending issues" with Danish brewer Carlsberg, its strategic investor, and the process is taking much time, he said.
Vietnam is Asia's third-largest beer drinker by volume after China and Japan, putting it on the radar of Asian and European brewers keen to exploit changing lifestyles and one of the region's fastest rates of middle-class growth.
Last month the government said it would sell 5.77 percent of Habeco to Carlsberg, which currently holds a 15.77 percent stake, while its remaining stake would be auctioned. The aim was to raise 9 trillion dong ($404 million) in total.
Known for its Bia Saigon and 333 brews, Ho Chi Minh City-based Sabeco - formally known as the Saigon Beer, Alcohol, Beverage Corp - commands 45 percent of Vietnam's beer market and is valued at about $2 billion by Hanoi.
The government plans to sell its 89.59 percent stake in Sabeco by the end of 2017.
Sabeco has received expressions of interest from major foreign brewers lured by the size of the Vietnamese market, including ThaiBev, the flagship company of Bangkok's billionaire beer magnate Charoen Sirivadhanabhakdi.
5 Oct. 2016


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Talk about missing a hell of a party. As of August 27, nearly 8,000 Corvettes had registered for the huge gathering at the National Corvette Museum in Bowling Green, KY.
So, how do C7 sales measure up to past first-year Corvette models? Well, as you probably expected, pretty damn good.
For this week’s Corvette question, we’d like to know what’s the fastest you’ve been caught doing in your car?
What happens when you get a couple thousand LS and LT engines together for an annual meetup of America’s favorite sports car? SMOKE!
We need stupidly outrageous power to be happy. That’s why the folks over at LMR strapped their twin-turbo setup on the new ‘Vette and took it to the track.


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Getting a loan for anything these days can be tough. Only Americans with virtually spotless credit records can obtain mortgages. Consumer credit card availability remains crimped. Small businesses, too, are finding it hard to secure financing to expand their operations.
But there's one exception in this credit-constrained economy: auto loans.
Consumers looking to buy a new set of wheels have found it increasingly easy—and cheap—to borrow money in recent months, with new auto bank loans surging to a seven-year high between January and March this year, according to Equifax.
The money is even flowing for borrowers with a few dings on their records. According to a recent survey of bank risk professionals by financial analytics firm FICO, lenders expect an increase in car loan availability for consumers with damaged credit, often referred to as "subprime borrowers."
"The feeling is there is more loosening in auto lending than there has been and will be in other sectors of the consumer credit world," says Andrew Jennings, chief analytics officer at FICO and head of FICO Labs.
There are a few reasons for the surge in auto lending. For starters, there's a lot of pent-up demand for cars and trucks. The fleet of automobiles is the oldest it's ever been, and Americans are finally starting to trade in their clunkers for a new set of wheels. Last month, cars sold at an annualized rate of about 14 million, up more than 20 percent from last year.
But if lenders are still squeamish about mortgages and credit cards, why are auto loans any different?
In general, auto loans are less risky for lenders, experts say. Historically, they have lower delinquency rates than other types of consumer credit, according to Jennings, and cars are an easier asset to repossess than, say, a house.
"Car loans are heavily secured," says Greg McBride, senior financial analyst at Bankrate.com. "It's not like a house where you stop making the payments and they take two years to kick you out of the house. You miss two car payments and it's not going to be in the driveway in the morning."
But just because lenders are loosening credit and broadening the pool of eligible borrowers, it doesn't mean we're headed back to the Wild West days of free-flowing consumer credit. While banks and other lenders are sticking their pinky toe into the waters of subprime auto lending, they're going to make sure they're compensated for the risk. That means borrowers with less-than-perfect credit will have more access to credit, but it'll come at a price: significantly higher interest rates.
And while the term "subprime" conjures all sorts of bad connotations, it's not likely auto lending will follow in the same footsteps as mortgage lending did a few years ago.
"[Subprime lending] doesn't appear to be coming back in an irresponsible way," Jennings says. "It's not that all the sudden people with [FICO] scores of 400 are now getting all these loans."
Meg Handley is a business reporter for U.S. News & World Report. You can reach her at email@example.com and follow her on Twitter.


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The news of Apple making its own custom ARM-based processors for Macs is finally going to be confirmed by the tech giant itself. It is said that the company will announce that they're shifting from using Intel processors to the new ARM-based chips this month at WWDC 2020. The conference is going to take place on 22 June with an online-only format due to the pandemic.
It is said that the announcement for the shifting will be made at WWDC 2020 in order to give developers time to prepare their software for the new architecture. Since the first Mac powered by an ARM-based processor is expected to arrive in 2021, it's about the time to get ready. The company also reportedly has at least three ARM-based Mac processors in development based on its upcoming iPhone’s A14 chip as part of the “Kalamata” project.
According to Bloomberg, Intel’s slow performance is one of the reasons that led to the shifting. After carrying out internal tests of Macs with ARM-based chips, the result has shown an increase in performance compared to the Intel-powered alternatives. It is also rumoured that future MacBooks will become thinner and lighter thanks to the ARM-based processors. This is going to be another major processor shift for Apple since the last time Steve Jobs announced that the company would be switching from PowerPC to Intel back in 2005.
Let us know what you think about the major news on our Facebook page. Stay tuned to TechNave.com for more interesting Apple news.


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John Lewis has agreed a pre-let for a 50,500 sq ft distribution warehouse, including 4,000 sq ft of offices at Muse Developments’ 110-acre Logic Leeds scheme in West Yorkshire.
The retailer is has signed a 20-year-lease for the facility which will service orders from both the John Lewis store in York and the soon to be completed flagship store in Leeds – the retailer’s biggest full line department stores outside of London totalling 252,000 sq ft
Recognising shopping habits are changing and with omni-channel giving shoppers more choices than ever before, the retailer
is strengthening its distribution network to ensure it continues to deliver a coordinated and convenient shopping experience to its customers.
Mark Robinson, director customer delivery operations at John Lewis, said: “I’m delighted that we will be opening a new customer delivery hub in the Leeds area. This will allow us to successfully support our customers in the Leeds catchment and surrounding areas with the wide range of delivery, installation and assembly services we have on offer for our customers.”
David Wells, development director at Muse, said: “We are absolutely delighted to have secured a tenant with such a reputation for quality as John Lewis. This is one of the most significant industrial property deals in Yorkshire this year and a ringing endorsement of our Logic Leeds development. We are already well-advanced on site with the construction of an 80,000 sq ft industrial building which is the largest of its kind to be speculatively developed in West Yorkshire since the recession. Together these two buildings will put Logic Leeds on the map.”
Logic Leeds has been supported by a landmark £2.5m grant agreement with Leeds City Council, funded through the government’s Building Foundations for Growth programme.
Councillor Judith Blake, leader of Leeds City Council with responsibility for economic development said: “We are delighted John Lewis has chosen the Leeds City Region Enterprise Zone to locate its distribution centre, ahead of the opening of their new store as part of the Victoria Gate development next year. Logic Leeds is a key site within the Enterprise Zone which offers unparalleled advantages in terms of scale, transport infrastructure and its proximity to Leeds city centre. I am sure John Lewis will find it an ideal location for their long term future in the region.”
Work will start on site shortly, with completion scheduled for spring next year.
Knight Frank and Carter Towler acted for Muse and Cushman & Wakefield advised John Lewis.


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As UPI (Unified Payments Interface) payments continue to surge in the country, the NPCI (National Payments Corporation of India) is now planning to enable UPI-based payments for inward international transactions.
“The Virtual Payments Address (VPA) of the consumer is connected to an underlying bank account, therefore inward international remittance transfers can now also be settled through UPI,” reports ET quoting two bankers close to the developments.
The transactions, which were being done through Immediate Payment Service (IMPS) and or National Electronic Fund Transfer (NEFT), can now also be done using UPI.
The report explained the process, stating “Funds remitted to India land with a ‘landing bank’ from where it gets transferred to the beneficiary’s bank account. Till now, banks were using IMPS and NEFT for such transfers, but with UPI it would open up another channel for instant settlements.”
The banker added, “This would also mean that international remittance players like MoneyGram, Western Union and others will get access to UPI for settlements which, as of now, are using IMPS.”
The change in payment method is also not a technical hindrance for the banks, as the banks which are on the IMPS network have a direct integration with NPCI already. “The fund transfer agents were consuming my IMPS/NEFT APIs, but for now I will just have to tweak my back end to open up UPI which will be an additional field for us,” the report quoted unnamed banker as saying.


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Trending in your Tuesday Consumer Matters, Mylan Pharmaceuticals is recalling a single lot of anti-anxiety medication– commonly sold as Xanax. Xanax is the brand name for the anti-anxiety medication– Alprazolam.
The company believes the recalled product could potentially contain a foreign substance causing a risk of illness. The voluntary recall includes bottles containing 500 half milligram tablets with the expiration date of September 2020.
Mylan says the pills were distributed in the US between July and August.


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When it comes to UK retailing, investors and consumers have one thing in common: both are putting an emphasis on value.
Stocks from budget homewares seller B&M European Value Retail to sausage-roll purveyor Greggs are having a stellar year, with gains being driven by shoppers’ desire for a bargain or an affordable treat.
Their advance contrasts with a third straight year of declines in more middle-market names such as Debenhams and Marks & Spencer, which are contending with higher costs at a time when customers are seeing little wage growth.
“Consumers appear to be responding to their changing circumstances not so much by spending less, but by changing where they spend and how they spend their money,” said Abi Oladimeji, chief investment officer at Thomas Miller Investment Ltd.
“They’re picking discount stores over mid-market retailers and spending on necessities rather than big-ticket items. This is redefining the dynamics of various sectors and creating winners and losers.”
As consumers shop around for the best deals, one big advantage the discount retailers have is that some of their prices are so low that they don’t attract the competition from online retailers that has long weighed on the middle market.
For example, you’ll struggle to find a single duvet online for B&M’s price of £6.99. One of the reasons that Associated British Foods' Primark chain is able to offer fashions as cheaply as it does is because it doesn’t have the expense of an online offer or related marketing.
B&M shares have jumped 43% this year, outperforming the FTSE 350 General Retailers Index’s 0.1% rise. Greggs has gained 32 %, budget retailer Card Factory is up 25% and AB Foods has advanced 22%.
With more than 12% of stores on UK shopping streets standing vacant, according to Local Data Company, the chance is there for the budget chains to expand further.
“Discounters are underpenetrated in the UK and they have an opportunity to grow their store base,” said Amisha Chohan, an analyst at Quilter Cheviot Investment Management in London.
“It depends on how quickly discounters increase their store expansion, but for the foreseeable future it seems that there’s still at least a few years of growth ahead of them.”
B&M is a favourite among investors looking to benefit from a tougher UK retail environment and was recently named one of Goldman Sachs’s “Best of British” stock ideas. The company fills a gap in the market for consumers looking for value in homewares, according to asset manager AllianceBernstein, whose AB Concentrated International Growth fund has B&M as the only UK retailer in its portfolio of about 30 stocks.
“If you’re a traditional UK retailer, whether it’s food or clothing retailing, you get squeezed by the discounters at one end and online at the other, and that’s a very tough place to be,” said Mark Phelps, chief investment officer of global concentrated equities at AllianceBernstein in London. “B&M’s coming from a different starting point. They are one of the very few expanding physical retailers.”
Phelps has owned B&M since the company’s initial public offering in June 2014.
Not all companies focused on value-driven shoppers have done well. Shares in home-furnishings retailer Dunelm Group have fallen 6.8% in 2017, hurt by increased costs and intensifying online competition.
“In these circumstances, the discounters should do better,” said Cesar Perez Ruiz, chief investment officer at Pictet Wealth Management in Geneva. His firm is broadly underweight on UK equities, preferring emerging markets for exposure to consumers. “There are better opportunities worldwide that you can make.”


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Digital TV News: Sony Corp
LCD TV makers plan aggressive TV display purchasing for 2021
Oct 27, 2020 – According to Omdia, total LCD TV panel shipments are set to decline by 6% in 2021. However, the global top 15 TV brands want to grow their LCD TV shipments to new highs, up 9% YoY, if they are able to secure panel supply.
News categories: Omdia, Deborah Yang, China, Digital TV, Market Research, Smart TV, Worldwide
EMEA Smart Home market expected to rebound in 2H 2020
Oct 12, 2020 – The smart home market in EMEA declined 7.2% in the second quarter of 2020, compared to the same period of the previous year, according to IDC. The market accounted for 20.287 million units between April and June.
News categories: IDC, Antonio Arantes, Jan Prenosil, Digital TV, Europe, Market Research, Smart Home
VR headset market expected to grow despite short-term decline
Sep 16, 2020 – As the world continues to deal with the pandemic, the market for virtual reality (VR) headsets is expected to decline 6.7% in 2020 before returning to double-digit growth of 46.2% in 2021, according to IDC.
News categories: IDC, Digital TV, Market Research, VR, Worldwide
Global TV streaming device population reaches 1.1 billion
Sep 2, 2020 – The global population of TV and video streaming devices has now exceeded 1.1 billion, according to Strategy Analytics. The research finds that Samsung is the leading brand, followed by Sony, LG, Hisense, TCL and Amazon.
News categories: Strategy Analytics, David Watkins, David Mercer, Digital TV, Market Research, OTT, Set Top Box, Smart TV, Worldwide
Advanced TV revenues to reach $26bn by 2025
Apr 27, 2020 – Advanced TV revenues are forecast to grow at a 9% rate from 2019 to 2025 to $26 billion, according to DSCC. Advanced TV is any TV with advanced display technology, including OLED TVs, 8K LCD TVs and LCD TVs with quantum dot technology.
News categories: DSCC, Digital TV, Market Research, Smart TV, Worldwide
India TV shipments climb to a record 15 Million units in 2019
Mar 17, 2020 – Shipments of TVs in India grew 15% annually to reach a highest-ever 15 million units in 2019, according to Counterpoint. The growth is mainly driven by budget smart TVs with 32" TVs the leading segment and penetrating sub-US$150 price bands.
News categories: Counterpoint, Karn Chauhan, Debasish Jana, Digital TV, India, Market Research, Smart TV
Market for Android TVs to grow to $231 billion by 2026
Jan 14, 2020 – According to Acumen Research and Consulting, the global Android TV market is expected to grow at a CAGR of around 20% over the forecast period 2019 to 2026 and expected to reach the market value of over US$ 231 billion by 2026.
News categories: Acumen Research and Consulting, Android TV, Digital TV, Market Research, Smart TV, Worldwide
Google leads European Smart Home market in 1Q19
Jul 1, 2019 – In the first quarter of this year, the smart home market in Europe grew 23.9%, reaching 21.3 million units shipped to the region, according to IDC. Video entertainment devices shipped 12.7 million units in 1Q19, increasing 11.2% annually.
News categories: IDC, Antonio Arantes, Digital TV, Europe, Market Research, Set Top Box, Smart Home, Smart TV
China TV brands shrug off headwinds in 1Q, says WitsView
May 27, 2019 – According to WitsView, shipments of TV brands worldwide were 49.87 million units in 1Q19, a QoQ slide of 24.6% and a YoY bump of 0.5%. First and second place in the rankings were Korean brands, while China brands filled up third to sixth.
News categories: TrendForce, WitsView, Jeff Yang, China, Digital TV, Korea, Market Research, Smart TV, Worldwide
- HBO Max to expand into Latin America and Europe in 2H 2021
- SpotX releases 2021 video advertising trends report
- Comscore and MediaMath offer programmatic contextual ad targeting
- NetRange cloud app portal selected by itel for new Smart TVs
- Vewd integrates support for BML and Hybridcast
- Nordic streaming market approaching 14 million subscriptions
- Discovery announces global launch of discovery+
- VUALTO DRM selected to protect France Télévisions' AV content
- FreeWheel and NBCUniversal automate linear ad decisioning
- Deltatre AXIS to power BritBox for a further five years
- Zappware enables WIND VISION on PCs in Greece
- InterDigital and Futuresource release video sustainability report
- Local broadcasters collaborate to launch NextGen TV in Florida
- Highest ever Samsung Smart TV sales in 3Q 2020
- Orange France delivers targeted ads with SoftAtHome video player
- Velocix unveils cloud-native video personalisation service
- DIRECTV GO now available in Brazil
- VR consumer content revenue to exceed $7 billion in 2025
- Inverto first with EICS TV distribution equipment certification
- XroadMedia to power hyper-personalization at ZEE5


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Subaru unveiled their latest concept the Subaru VIZIV-7 Concept at the LA Auto Show today. With three rows and seating for seven passengers, the VIZIV-7 Concept is the replacement for the now out of production Tribeca.
This is definitely a closer version to what the production vehicle will look like compared to the original VIZIV concept released at the 2015 Tokyo Auto Show. VIZIV stands for Vision for Innovation and utilizes Subaru’s new DYNAMIC x SOLID design language.
According to Fuji Heavy Industries executive vice president Takeshi Tachimori”The concept expresses our core brand values, safety, dependability, capability for outdoor activities and a forward looking attitude. We know customers in this segment want a full-sized vehicle and the next 3-row from Subaru will be the biggest Subaru vehicle ever.”
No mention of powertrains, interior, or anything else worth noting, but the Subaru press release notes that this vehicle will be slated for production in early 2018. How much different will the production version look? Stay tuned to subienews.com for the latest as we get more information.


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Monday – November 7
All week – Data reports due in during the week include the latest readings for the Mannheim Used Vehicle Index and AUM reports from asset managers. A fresh batch of Nielsen data could also impact food, beverage, and household product stocks. In the energy sector, the EIA is due to issue its Short-Term Energy Outlook report.
All week – Federal Reserve members are off their blackout period and will be making appearance all week. Look for Fed presidents Collins, Mester, Barkin, Logan, and George to give talks.
All week – The 12-day United Nations COP27 climate change conference will be watched for any major developments.
8:00 a.m. Ford (F) Chief Advanced Product Development and Technology Officer Doug Field will participate in a virtual fireside chat with analysts from Bernstein. Field is expected to discuss customer enthusiasm for Ford’s first EV products and BlueCruise L2 hands-free system, and how the company’s vision for its next generation EVs and L2+/L3 systems is taking shape.
All day – The four-day Credit Suisse 31st Annual Healthcare Conference will begin. The long list of notable companies due to present includes Bio-Rad Laboratories (BIO), Walgreens Boots Alliance (WBA), and Johnson & Johnson (JNJ).
All day – NiSource (NI) will provide a business update as part of the company’s Investor Day event in New York City.
All day – Shareholders with East Stone Acquisition (ESSC) will vote on the planned business combination with smart electric vehicle company NTWN in a SPAC transaction.
6:00 p.m. Amgen (AMGN) will hold an investor conference call from AHA 2022.
- This reply was modified 4 weeks, 1 day ago by Truman.


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Worldline, a global specialist in the payments industry, has confirmed the signing of an agreement for the acquisition of 92.5% of the share capital of Cardlink.
The move represents a continuation of the firm’s expansion into the European market, due to Cardlink’s status as a renowned network services provider in Greece.
Gilles Grapinet, Worldline’s Chairman and CEO, commented: “The acquisition of Cardlink is a significant development in our Group consolidation strategy in Europe, extending our merchant services activities towards the South of Europe.
“Thanks to this transaction, we indeed benefit from a leading network services provider position in the fast-growing Greek market, driven by the ongoing adoption of electronic payments. This transaction offers attractive development opportunities for Worldline in the coming years and a strong footprint to further expand Cardlink presence in Greece.
“We are extremely happy to welcome soon circa 110 new Worldline’s colleagues, managers, and payment experts, led by George Drimiotis, Cardlink CEO who will remain shareholder of Cardlink alongside Worldline and will be in charge, within our Group, of pursuing the fast development of our business in Greece with the full support of our Merchant Services organisation.
“As the European leader in payments, we keep executing our strategic roadmap with a focus on value-creative consolidation opportunities to enhance Worldline scale, reach and direct presence in a growing number of countries.”
It comes as the Greek market continues to be a potentially fruitful one for firms, with cash penetration remaining relatively high. Furthermore, the online and e-commerce development offers a strong growth potential with increased internet access for citizens over the past five years, rapidly transforming consumer behavior towards digital economy and online shopping becoming a standard in consumer habits, further boosted by Covid-19 related lockdowns.
George Drimiotis, Cardlink’s CEO, added: “This is a very important day for our company. We are very excited to become part of the Worldline Group. This development will strengthen our positioning in the Greek market as the leading player in the evolution of the payments business and give us access to products and services that will enhance our offering and deliver more value to our merchant and bank customers.”


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A UK book publisher has released a guide to making the best cover for a book on Amazon.
The book was originally published in the US in 2017 and is a collaboration between British bookshop bookshop The Bookshop and the UK publisher BiblioSmiths.
In it, The Bookstore explains how to make the best book cover.
The guide includes instructions for making the front cover, which can include all the information on the front, back and side.
Bibliosmiths, a UK bookseller based in Brighton, said: “The Bookshop team and we at Bibliolabs have been very fortunate to have been part of the Biblionshop team, so it’s a perfect opportunity to share with the public the amazing designs we have created for UK readers.”
The bookshop is also offering a free ebook of the book and the cover art for the book’s release, The Great British Book Book Cover Contest.
The contest is open to all UK booksellers and the bookshop has partnered with the British Library to run the contest.
Bibliocast has also launched a campaign for a free digital copy of The Great Britain Book Cover contest entry form.
To find out more about the contest and how to enter, head to the Biblioclast website.
The UK has been home to a large number of authors in recent years.
Authors like Naomi Klein, Naomi Novik and Emma Donoghue have also made the UK their home.


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Companies watching for installations of single-pass printers for corrugated, learned of another customer for the EFI Nozomi this month.
Technology Trends from the InfoBlog
The grapevine has been ripe the past weeks, but now the news is finally out. Fujifilm has entered into a definitive agreement to purchase the majority holding of Xerox Corporation and will merge Fuji Xerox with Xerox.
Each year, EFI hosts its customers, partners, media and analysts at its signature event, EFI Connect.
The optimized workflow process has four components: content creation, job entry and management, workflow and Digital Front End.
As we approach the end of the calendar year, it is a good time to take a look at your workflow.
EFI announced an exclusive partnership for Jetrion label presses with Xeikon, a Flint Group company. The greatest initial benefactor to the agreement will be existing Jetrion customers who will see expanded service and support from Xeikon, which has been at the forefront of digital label production for many years.


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Shares of Tesla (NASDAQ:TSLA) have fallen by more than 10% since President Biden signed the Inflation Reduction Act (IRA) into law in August. However, according to the viewpoint of one analyst, investors are passing up a chance because of the incentives in the new law. This call contributed to today’s movement in Tesla shares, up as much as 2.1%. The stock managed to keep its gain of 0.8% as of 1:18 p.m. Eastern Time.
According to Barron’s, an analyst from Wolfe Research named Rod Lache gave a buy recommendation to Tesla shares today and stated that he believes each share is currently worth $360. Lache had previously assigned a hold rating to the shares, and his price objective indicates a potential gain of 33 percent about Friday’s closing share price.
The expert thinks that the IRA will serve as a trigger to promote electric vehicle penetration more quickly in the United States. The legislation allows consumers to get tax credits when they purchase electric vehicles (EVs), subject to certain limits that include the vehicle’s retail price and the buyer’s adjusted gross income. However, one restriction was lifted: the expiration of the credit for electric vehicles purchased from manufacturers when they reached a sales milestone of more than 200,000 units.
Tesla (NASDAQ:TSLA) has long since surpassed that limit, but beginning today, some of the company’s automobiles will once more be eligible for tax incentives for their purchasers. Lache had predicted that EVs would account for 10% of new car sales in the United States by 2025; however, he now believes the figure will be 20%.
The market analyst believes now is an excellent opportunity to purchase Tesla’s (NASDAQ:TSLA) stock because the company’s shares have dropped by more than ten percent since the bill was passed. The maximum retail price of a Tesla vehicle is $55,000, and there are other constraints that customers must consider when making their purchase decision. However, not all Tesla (NASDAQ:TSLA) models will be eligible for the $7,500 tax credit. The upshot of these trends should be an increase in the number of electric vehicles (EVs) on the road over the next few years, which should be excellent news for the market leader.
Featured Image- Megapixl @Boggy


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Asus Zenfone 11 Ultra finally get a official launch date
The Asus Zenfone 11 Ultra which was making an appearance on certification websites like European EEC, Geekbench, and SDPPI has finally got an official launch date. The handset will be launched during a dedicated event on March 14. The launch event will commence at 8 PM GMT+8 and will be live-streamed on the company’s official YouTube channel. The rest of the information related to the Asus ZenFone 11 Ultra remains under wrap.
Expected specs of the Asus Zenfone 11 Ultra.
The Asus Zenfone 11 Ultra smartphone is revealed to come with Qualcomm’s latest Snapdragon 8 Gen 3 chipset, coupled with up to 16GB LPDDR5X RAM and up to 512GB UFS4.0 storage. It can feature a 6.78-inch wide display with 2400×1080 pixels resolution and a maximum refresh rate of 144Hz.
We're thrilled to invite you to the live online unveiling of the #Zenfone11Ultra #ExpandYourVision. Mark your calendars for Thursday, March 14, at 8:00 p.m. (UTC+8). Prepare to discover our innovative, AI-integrated flagship phone that's eagerly awaiting its debut!
— ASUS (@ASUS) February 20, 2024
In the camera section, we can get to see a triple camera setup on the rear side featuring 50MP(Sony IMX890, Gimbal OIS, primary shooter), 13MP(ultrawide, 120° field of view), and 32MP(telephoto, 3x optical zoom, built-in OIS) cameras. A 32MP front-facing camera with an RGBW sensor is also expected to accompany the handset. It can be backed by the 5500 mAh battery that supports a 65W wired HyperCharge feature, as well as a 15W wireless charging feature. It can be launched in Eternal Black, Skyline Blue, Misty Gray, Verdure Green, and Desert Sienna colour options.


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16 May HOMEGROWN APP ON NATIONAL GROWTH PATH
Posted at 19:46h in Uncategorized
HOMEGROWN APP ON NATIONAL GROWTH PATH
RAISES $1.5 MILLION IN SECOND ROUND OF FUNDING
Alabama Capital Network members invest in continued capital growth in Planet Fundraiser
BIRMINGHAM, Ala. (Feb. 26, 2018)—Mobile app Planet Fundraiser recently sealed its second round of seed funding at $1.5 million, propelling the Birmingham, Ala.-based startup into its next stage of regional and national growth. Members of the Alabama Capital Network—a group of top businesses and investors supporting the state’s innovation sector—contributed to the majority of financing, supporting Planet Fundraiser’s continued momentum as it scales its sales processes and employee base for market expansion.
“The Alabama Capital Network is thrilled to see its members invest in a company like Planet Fundraiser,” said Miller Girvin, Alabama Capital Network CEO. “This company and its technology have changed the way merchants look at charitable giving, and we expect its current momentum to continue.”
Planet Fundraiser equips consumers, companies and causes with a fresh approach to fundraising. The free app enables customers to submit a picture of their receipt from any participating merchant. Then a portion of that purchase is donated by the merchant to a cause of the user’s choice. More than 400 community groups and 250 businesses such as Chick-fil-A, Shipt, Jimmy John’s, and Piggly Wiggly make up Planet Fundraiser’s community giving network. Thousands of users are engaged across Planet Fundraiser’s existing markets, which include Dallas, TX, Nashville, TN, and four of Alabama’s largest cities. Planet Fundraiser continues to see rapid growth of new users, merchants, and groups signing up daily, with plans to expand the app network to more than 20 total markets by year-end.
“Planet Fundraiser’s merchant and community partners are the driving force behind our app, and this second seed round of funding was secured largely to meet their growth demands,” said Planet Fundraiser Founder Kasey Birdsong. “With our investors’ support, we’re in a position to expand and enrich our footprint—while giving merchants a way to deepen customer loyalty and retention. By shifting marketing dollars to our program, merchants gain loyal customers while supporting the causes their customers care about in the community. It’s a win-win.”
Devon Laney, CEO of Innovation Depot, the Southeast’s largest entrepreneurial support organization for early-stage tech companies, was excited to see a member startup company and graduate of its Velocity Accelerator program receive funding. “The inaugural year of our Velocity Accelerator program was a learning experience for everyone, but we believe in Planet Fundraiser,” said Laney. “The team there has built a solid product and continues to improve every day, adding value to both the merchants and the groups that receive charitable funds. We are proud to be a part of the Planet Fundraiser success story and to have them continue growing at the Innovation Depot.”
To learn more about Planet Fundraiser, please visit www.PlanetFundraiser.com. To learn more about the Alabama Capital Network, visit www.AlabamaCapitalNetwork.com.
Planet Fundraiser is a mobile app that allows customers to support schools and nonprofit organizations of their choosing by making everyday purchases from the Planet Fundraiser network of shops, restaurants and grocery stores. By donating a percentage of each purchase, Planet Fundraiser and its merchant partners support the causes that customers care about and build stronger communities together. Learn more at www.PlanetFundraiser.com and connect with us on Facebook, Instagram and Twitter.
About Alabama Capital Network
The Alabama Capital Network (“ACN”), founded in 2017, is a community economic development organization whose mission is to raise awareness of and contribute to the growth of the entrepreneurial ecosystem in Alabama. ACN is a network that facilitates connections among entrepreneurs, investors, advisors, service providers and corporations to bridge the funding gap faced by Alabama companies in the early growth phase of business. Learn more at www.alabamacapitalnetwork.com.


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Rambus Inc. (Nasdaq: RMBS) shares were off 11 percent Monday after the company confirmed bugs in Intel's 820 chipset, also known as "Camino." Morgan Stanley Dean Witter and SG Cowen were among the investment firms downgrading the stock.
In early trading, Rambus was down 7 7/8 to 63 1/4. The stock fell 15 to close at 71 7/8 on Friday on speculation about the bugs.
| Rambus: Can it rebound? |
Rambus (chart) said it was in the process of working out several bugs with Intel (Nasdaq: INTC) which have been found in the chipset. Rambus shares have been hammered on concerns about the delays and the effects of the Taiwan earthquake.
Meanwhile, analysts have been abandoning the stock. Morgan Stanley Dean Witter added to the chorus of Rambus downgrades Monday, shifting the stock from "strong buy" to "outperform," and lowering its price target to $110 from $150. SG Cowen also chimed in, cutting Rambus to "neutral" from "buy." Shares tumbled Friday after a downgrade from BancBoston Robertson Stephens.
In a statement, Rambus said that "some issues" have been identified in testing of three modules of Rambus-based computer memory that are part of the highly anticipated, but already behind schedule, Intel 820 chipset.
The package of chips would have enabled the first use of next-generation Rambus memory in PCs Monday. Although the bugs have caused delays, several OEM (Original Equipment Manufacturer) reinforced Rambus' according to their company's release. Intel and Rambus are working along with other OEMs to resolve the problems, which are related to the combination of the memory system components, module configurations, and motherboard designs in the chipset.
"Intel believes RDRAM is the memory solution that will provide the best performance with today's high-performance microprocessors," the company said. Toshiba and Dell also reaffirmed their belief in Rambus' memory architecture. RDRAM is Rambus-made DRAM, the most common type of computer memory.
Analysts aren't buying it. BancBoston Robertson Stephens analyst Daniel T. Niles downgraded Rambus, Friday from a "buy" to "long-term attractive," reasoning that "the company's infrastructure for a large-volume transition to new technology will take longer to build than anticipated."
"The current version of Intel's Camino chip-set, which supports Rambus, has bugs and could potentially be delayed yet again," Niles added. "In our view, the slow growth of the high-end PC market and the spiking DRAM picture is also negative for Rambus. Especially with the Taiwan earthquake problems and already high DRAM prices, it is unlikely that PC OEM's would pay even more for Rambus product."
"We believe that most PC OEMs are now planning to adopt Rambus in first-quarter 2000 at the earliest," said Niles. "We believe first-quarter 2000 RDRAM volume for PCs could be 1 to 2 percent."