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Government to extend the “Chim Shop Chai” stimulus program this month
The government is set to roll out a new phase of last year’s successful Chim Shop Chai (Eat Shop Spend) stimulus program to promote domestic spending. The measure is also intended to encourage investment by businesses in an economy hampered by a slowdown in tourist arrivals as a result of the ongoing Wuhan Coronavirus outbreak.
The package, to be implemented sometime this month, has been assigned to the Fiscal Policy Office, the Revenue Department and the Comptroller Department to work out details. Finance Minister Uttama Savanayana says the 12.6 million people, already registered for the program will be eligible to take part.
He says it is yet to be decided whether the program will include the 1000 baht giveaway per person included in the first phase, depending on the economic situation and assessments expected by the end of the month.
In addition to the millions of people already registered, about 170,000 retail shops, malls and department stores have joined, with 28 billion baht already spent via the Electronic Wallet apps.
Thai tourists who travel domestically can have their spending deducted from taxable income. Financial institutions will be urged to provide low-interest loans to tourism operators. Hotels will be allowed to deduct spending on renovation from their taxable income.
Uttama says the most noteworthy stimulus is a tax incentive for companies investing in new machinery.
“They’ll be allowed to deduct up to 2.5 times their investment in new machinery, spent this year, from their taxable revenues.”
The finance minister says he hopes the measure will boost domestic investment by up to 110 billion baht and increase the economic growth rate by 0.25%, with a cost of only 8.6 billion baht in tax revenue.
SOURCE: Thai PBS World
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Economists said over and over again that the record-low auto loan rates wouldn’t last forever. The Federal Reserve dropped the fed funds rate to near 0% and has kept it there since December 2008, CNNMoney.com reports.
Now that the economy is improving, it will start to cost you more to take out a car loan. Credit card companies have already doubled and even tripled their interest rates. Auto loan rates are expected to stay low for a little while longer, but will then start to go up.
When the Federal Reserve increases the fed funds rate, banks and lenders will have to increase the interest rates they charge car shoppers, since it will cost the lender more to borrow money to give to you, the consumer, who needs an auto loan to buy a car.
"The important thing to remember the Federal Reserve has a mandate to maximize employment and keep inflation low, so interest rates may be going up, but it will be in the context of better job growth," Zach Pandl, an economist at Nomura Securities, told CNNMoney.com.
CNNMoney.com says that auto loans could be the one borrowing bright spot. Currently, there are more than 20 automotive brands offering one or more 0% auto loan incentives in April. While borrowers need to have stellar credit scores to get approved for the 0% car loan deals, those who do will save potentially thousands of dollars over the length of the auto loan.
When looking at auto loans, experts predict the enticing financing deals will last a while longer. There’s more money available for auto loans than the demand for the loans, according to Pandl.
If you know you qualify for 0% financing or a low interest rate, you may want to take advantage of the car loan rates now, before they start to go up and it will cost you more to buy a vehicle.

domain: news


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Norwich restaurant ends Just Eat use after 'shockingly poor' service
- Credit: Archant
An Indian street food restaurant in Norwich will no longer be listed on food delivery website Just Eat after what it calls a "shockingly poor level of service".
Dhaba 15, on Magdalen Street, posted on Facebook on Wednesday night to say it would no longer be listed on the platform.
In a statement it said it had reached the decision "after long deliberation" and "a shockingly poor level of service".
"Any issues with orders were dealt with very poorly. We have had several incidents with orders not being delivered to our customers and Just Eat failed to resolve these issues," they said, adding that they hoped the decision would safeguard their reputation.
A spokesperson for Just Eat said it was important that its "restaurant partners and customers" had a positive experience using the platform.
“Just Eat is only successful if our restaurant partners are successful," they said. "We have a track record of helping restaurants prosper whether it's through access to more customers online or our investment in technology and marketing to help businesses raise their profile, attract more orders and operate more efficiently."
Owner Jahangir Ali said the award-winning restaurant had first joined the platform at the start of the pandemic, when they pivoted to deliveries.
He said data protection laws meant the restaurant was not given contact details for customers or drivers in Just Eat orders, meaning if meals were late they were not able to track them.
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- 4 'Such a shame': Social media scammer targets Norwich pub
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- 10 Neighbours' terror as bleeding man found in garden after street fight
"Once the riders take the food I don't know anything about it," he said. "The call centres are always busy and it's difficult to get any issues resolved."
They reached their decision after it took almost two hours for an order to be collected on Saturday, and Mr Ali said they were exploring new avenues for delivery.
Just Eat said they were looking into concerns raised and speaking with the restaurant.
Dhaba 15, which is still listed on Deliveroo, is not the first to avoid bigger platforms. While some have launched their own apps, others have joined Norwich Urban Collective, which was launched in May last year as an alternative.
In its first year of trading it estimated it had saved local restaurants roughly £78,000. Rather than taking commission - bigger platforms can charge up to 30pc commission - it charges a flat £5 delivery fee.


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The global fashion luxury group Capri Holdings Limited today announced that Cedric Wilmotte will be appointed Chief Executive Officer of the Michael Kors brand effective April 3, 2023.
Wilmotte recently served as the interim Chief Executive Officer for Versace from January through September 2022, as Jonathan Akeroyd was to left the brand on March 31, 2022. The new CEO of Michael Kors is currently Versace’s Chief Operating Officer.
“I am excited to lead the Michael Kors brand as Chief Executive Officer,” said Cedric Wilmotte. “Having been a part of the Michael Kors family for almost 15 years, I have a special and personal connection to our brand, our employees and our customers. I look forward to partnering with Michael, the strong leadership team and all of our valued employees around the world to execute on our strategic vision and drive future growth.”
Back to Michael Kors again
Prior to his time at Versace, Wilmotte led the Michael Kors EMEA business from its inception in 2008 through 2021.
During his tenure as President of Michael Kors EMEA, Cedric Wilmotte was responsible for Michael Kors’ significant growth in the region.
Before joining Michael Kors, he held senior leadership positions at Marc Jacobs in Paris from 2004 to 2008 and at Donna Karan in New York, London and Milan from 1998 to 2004.
John D. Idol, Chairman and Chief Executive Officer of Capri Holdings said, “I am thrilled to welcome Cedric back to the Michael Kors team as our new Chief Executive Officer. Cedric is a strong leader with extensive retail and merchandising experience and has a deep understanding of the Michael Kors brand and consumer.”
And he continued, “Cedric has proven himself to be a versatile leader within our group, having achieved great success at both Michael Kors and Versace. The Board, Michael and I are confident that the Michael Kors brand will benefit tremendously from Cedric’s leadership, which will help to further accelerate our strategic initiatives. Cedric’s appointment ensures that we have three experienced and talented CEOs at each of our luxury fashion brands.”
Michael Kors, Chief Creative Officer of the brand, said, “Cedric shares in my vision for the brand and I am excited to welcome him back to Michael Kors. I look forward to working with him again as we continue to grow our company globally.”


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Last year, Google and LG released one of the best Android phones on the market with the Nexus 4. Since then, a lot of quality phones, including the HTC One and Galaxy S 4, have gone a long way in making the Nexus 4 look a little old. Google will no doubt fix that later this year with a new Nexus device, but it’s currently unknown which company will have the honor.
Chinese site MyDrivers (as translated by DroidLife) reports that LG will once again make the next Nexus device. For now, the device is being called the Nexus 5 in reference to its rumored 5.2-inch display.
Beyond the larger display, the rumors state that the Nexus 5 will be almost identical to the recently revealed LG G2. The latest flagship from LG features the same 5.2-inch display alongside a Qualcomm Snapdragon 800 CPU, 2GB of RAM and either 16 or 32GB of internal memory. The only difference between the G2 and the Nexus 5 is that Google is supposedly swapping out the Snapdragon 800 for the cheaper 600 to keep costs down.
Interestingly enough, it’s also rumored that the Nexus 5 will be the device that Google uses to introduce Android 5.0, or Key Lime Pie. Google only recently starting pushing out Android 4.3 to its Nexus devices, but a late 2013 release for Key Lime Pie makes sense if only to satiate the masses who are demanding something beyond incremental updates from the Android team.
So, when might we see the mythical Nexus 5 and Key Lime Pie? The rumor states that Google is pushing for an October reveal. That would put the announcement roughly a year after the announcement of the Nexus 4 which itself was delayed due to Hurricane Sandy. Barring any repeat performances from Mother Nature this year, Google may be able to do a mid-October reveal.
Like always, all of the above are nothing but rumors. LG might not even be making the next Nexus device as there are other rumors floating around that say Motorola might be making a Nexus version of the Moto X. It’s even possible that LG and Motorola will both release a Nexus device, but that’s the most unlikely out of all the possible scenarios.
Regardless of whoever Google chooses to make the next Nexus phone, they’d be wise not to celebrate the launch with an ill-informed stunt involving BB guns.


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Burgundy negociant Bejot Vins & Terroirs has significantly increased its power in the region after buying rival Maison Corton Andre.
Chateau de Corton Andre, which could be sold on to Jean-Jacques Frey. Photo credit: Corton Andre
A fee was not disclosed, but Bejot Vins & Terroirs’ chief executive, Vincent Sauvestre, said the sale was worth ‘tens of millions of euros’.
The deal continues a string of acquisitions by Bejot Vins in Burgundy since the turn of the Century, including Francois Protheau & Fils in 2001 and Moillard in 2008.
Corton Andre controls and also makes wine from more than 150 hectares of vineyard in Burgundy, representing 90 appellations from Chablis to Pouilly-Fuisse.
It was previously owned by Groupe Ballande, which also owns the Sovex and Ballande & Meneret merchants in Bordeaux, as well as Chateau Prieure-Lichine in Margaux.
Sauvestre said that Corton Andre had been struggling to make a profit, although no official figures were provided. ‘Maison Corton Andre’s comite d’entreprise [an elected employees’ committee) understood it was essential to sell quickly to save the company,’ he said.
Corton Andre’s Reine Pedauque brand will give Bejot Vins a stronger presence in French supermarkets, while the Pierre Andre label offers a stronger footing in international markets, Sauvestre said.
As part of the deal, Bejot Vins has also acquired Chateau de Corton Andre. But, Sauvestre told Decanter.com he is talking to Jean-Jacques Frey, owner of Chateau La Lagune and Paul Jaboulet Aine, about the possibility of Frey buying the chateau and its seven hectares of vineyards located in Corton, Volnay, Meursault and Pommard.
Sauvestre said the sale would help him to recoup funds used to buy the wider Corton Andre negociant business.
The Sauvestre family originated in Meursault in the 18th Century and Bejot Vins & Terroirs today operates nearly 230 hectares of vineyards in Burgundy, from Chablis to Macon, and 270 hectares across the Rhone Valley, Provence and Languedoc-Roussillon.
(Editing by Chris Mercer)
Written by Yohan Castaing


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(CNN) -- When Microsoft announced Xbox Music at this year's E3 gaming expo, it sounded like a effort to become the next iTunes. But new details show that the service, which begins rolling out this week, aims to be a whole lot more.
Microsoft announced Sunday, October 14th that the all-in-one service will feature streaming online radio (think Pandora), an ad-supported or paid subscription service (say, Spotify) and, yes, music purchasing (a la iTunes). It begins rolling out Tuesday on the Xbox 360 system and will expand to the rest of the Microsoft product universe when its new operating system, Windows 8, is released October 26th.
It will eventually be available on devices running Apple's iOS and Google's Android operating systems.
"There are a lot of individual services that do a good job, but today there isn't a service which can pull together the benefits of download-to-own, music subscription, or free streaming services," Yusuf Mehdi, vice president of Microsoft's interactive entertainment division, said in a written release.
"With Xbox Music, what we wanted to do is bring all of that value in one simple, easy-to-use service, then build some additional value on top -- make it really beautiful, and have it work across all of your devices."
With 30 million songs, Xbox Music is the world's biggest music library, Microsoft says. Apple's iTunes, by comparison, boasts more than 26 million songs.
Like many new Microsoft products, Xbox Music is heavily dependent on Windows 8. The operating system is designed to run equally well on PCs, tablets and smartphones, as well as the Xbox, which Microsoft has been pushing as an entertainment hub, not just a gaming console.
Xbox SmartGlass, which the company also announced at E3, will let users control the TV, Xbox and other entertainment devices from a tablet or phone, using Windows 8.
Xbox Music will come installed as a feature on Windows 8. Using cloud storage, it will let users transport music from one device to another.
Perhaps taking a cue from Spotify, the massively popular streaming service now linked to Facebook accounts, users will be able to stream unlimited music for free with ads or pay $9.99 per month for an ad-free version.
Mehdi said the service is part of a plan to bring "a whole new level of connectivity" to entertainment, including movies, television shows and gaming.
"Music is a deeply, emotionally connected topic for people everywhere --- people's memories and special moments are always associated with music," Mehdi said. "It's a powerful area because of that, and I'm excited that we're going to be able to bring that to life in our product."
CLICK HERE for additional information about Xbox Music.


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06/10/2015, 05:06 pm
Drivers using Apple Maps in iOS 9 will have the benefit of explicit traffic and construction warnings, including voice turn-by-turn suggestions for alternate routes, according to information shared with AppleInsider.
06/10/2015, 07:06 am
Apple has officially brought to an end the speculation surrounding its formerly secretive mapping vans, revealing that the vehicles are collecting data for future Apple Maps updates, and also emphasizing both privacy and transparency with a list of upcoming driving locations.
09/17/2015, 08:09 am
For years, the biggest omission in Apple Maps has been the lack of transit directions. But that all has changed with this year's iOS 9 update, which includes built-in support for buses, subways, trains, and more in select major cities.
06/08/2015, 02:06 pm
As expected, Apple announced transit directions integration are coming to the Maps app in iOS 9, featuring multi-modal routing, rail line information and Siri integration, among other functions.
06/03/2015, 08:06 am
While Apple Maps is currently restricted to dedicated apps on iOS and OS X, that will change, as a new job listing from Apple reveals the company plans to make its mapping service available cross-platform on the Web.
05/23/2015, 02:05 pm
Apple has gobbled up mapping market share on iOS (and the Mac) since introducing its own alternative to Google Maps back in 2012, despite lacking a variety of key features. Hints at how Apple Maps may soon improve are coming from a seemingly unlikely source: China.
05/22/2015, 11:05 pm
As part of ongoing upgrades to its in-house mapping service, Apple on Friday added a handful of entries to its rolling list of providers that supply the company with maps data, business listings and satellite imagery.
05/19/2015, 11:05 am
Apple will continue to work with TomTom on mapping data, the Dutch firm revealed on Tuesday, extending one of the oldest and most important partnerships in Apple's expanding navigation and mapping efforts.
05/18/2015, 02:05 pm
Apple's recent acquisition of Coherent Navigation, a California firm that worked on high-precision satellite navigation projects for the likes of the U.S. Navy, might at first seem a bit outside of the iPhone maker's wheelhouse. But a closer look reveals what could, in fact, be an excellent match.
05/17/2015, 02:05 pm
In the midst of a major overhaul for its Maps service, Apple seems to have made another under-the-radar acquisition as the company apparently snapped up Coherent Navigation, makers of high-accuracy GPS devices and software.
05/14/2015, 03:05 pm
Apple is planning major changes to Maps that will involve radically overhauling the data services behind the platform, according to a job listing posted on Thursday discovered by AppleInsider.
05/08/2015, 03:05 pm
Whether or not Apple is still in the running to buy Nokia's Here, the digital mapping service will likely sell for more than $3 billion thanks to a bid made by transportation service Uber.
05/04/2015, 09:05 pm
Continuing its internal mapping initiative, Apple on Monday added Maps Connect support to five new regions, allowing users in those countries to add and edit points of interest.
04/30/2015, 03:04 pm
Shares of Nokia fell more than 12 percent on Thursday after the company's networking division reported disappointing results. But a bright spot was its "Here" mapping division, which is rumored to be a potential acquisition target for Apple.
04/23/2015, 12:04 am
A report on Wednesday claims Apple is among a number of high-profile tech companies being courted by Nokia in the Finnish firm's attempt to sell off its HERE mapping service and related assets.
04/21/2015, 02:04 pm
Apple is indeed working on bringing public transit directions back into its Maps apps for iOS and OS X, following a nearly three-year absence since the iPhone maker abandoned data from Google Maps, an official job listing confirmed on Tuesday.
04/08/2015, 09:04 pm
Apple Maps was updated as part of Apple's iOS 8.3 release on Wednesday, adding a tweaked "Report a Problem" tool that lets business owners claim marked points of interest in-app, while at the same time removing select TripAdvisor data that started showing up up last week.
04/05/2015, 11:04 pm
In what appears to be a recent update to Apple's in-house mapping service, hotel reviews pulled from TripAdvisor and Booking.com are showing up in local search results alongside data sourced from Yelp.
03/30/2015, 09:03 pm
Apple on Monday expanded the reach of its Maps Connect service for small businesses to three more countries, namely Italy, Mexico, and Switzerland.
03/24/2015, 05:03 am
Apple's current Find My Friends app lets iPhone and iPad users spot acquaintances on a map, but an invention detailed on Tuesday takes things to a whole new level with path tracking and route following.


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Some of Animoca Brands’ most successful investments were made during the previous crypto winter, Gen Kanai, director of strategic partnerships at the Hong Kong-based blockchain gaming studio, told Forkast.
See related article: Animoca Brands investments have crossed US$1.5B
- In a sit-down interview with Forkast at the IVS Crypto 2022 event held in downtown Naha, Okinawa, Kanai said investments made in the Sandbox, Dapper Labs, OpenSea and Sky Mavis during the previous crypto winter had done well.
- Animoca has invested in up-and-coming non-fungible token (NFT), metaverse and Web 3.0 projects, funding over US$1.5 billion across over 340 investments as of April 30 this year.
- In February, Animoca launched a strategic subsidiary in Japan with a US$10 million seed round to bridge the country’s intellectual property (IP) with Web 3.0.
- Animoca is currently focusing investment opportunities in blockchain-based education platforms. Last month, Animoca acquired TinyTap, a platform for user-generated educational content.
See related article: Animoca Brands’ new Japan arm aims to connect fans in Web 3.0 world


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As consumers do more banking and shopping on their smartphones, scammers are adjusting their approach to steal your information.
GRAND RAPIDS, Mich. – The dark web is where hackers can illegally share stolen financial and personal data. And hackers are keeping up with consumer trends.
Hack Number 1:
Since the start of the pandemic, online shopping scams have skyrocketed. And most recently, some Amazon shoppers are getting packages they didn’t order. GVSU Cybersecurity expert, Professor Vijay Bhuse says hackers are sending items to confirm that the address is correct. Typically the items shipped are cheap, maybe $.50 or $1.00. He says the hackers are likely doing this to be able to write online reviews to score some cash or to get free Amazon products by writing reviews.
And while its certainly not a high paying gig, click here to read more about companies that pay for writing online reviews.
Hack Number 2 is targeted at your smart phone:
Hackers will modify their scams based on consumer behavior changes. They know that most people do everything on, and control almost everything from their cell phones, like banking.
“More malware for cell phones — we have switched to cell phones for a lot of things, including banking, so more malware for cell phones, more malware internet things like the Ring doorbell, smart camera and smart TVs so that platform has shifted a little bit from your computer to other devices,” says Professor Bhuse.
The best way to protect your cell phone from hackers is to never click on any links sent to you via email or text unless you can confirm it is safe and intended for you. If you don’t recognize the sender, do not click on anything. Same with phone calls that come in from unknown numbers.
Hack Number 3: Thieves targeting your personal information where it lives:
Data has become a commodity. And we keep giving out our information again and again, to multiple companies.
And what do they do with your information? Sell, sell, sell!
Professor Bhuse gave us the following example to think about for this one:
You’re in the grocery store, and you go through the self-checkout line to buy wine or beer.
And a worker is flagged to check your I.D. to make sure you’re 21 years old.
But then what do they do? They type it into the computer.
But why do they need to store my birthdate?
“They collect the data, businesses collect data from their customers and sell it to each other,” explains Bhuse. “They just need to look at your ID and then they enter numbers in, I don’t understand that part. You check my I.D., fine, I don’t think you need to enter my age.”
So in this scenario, now the grocery store has the birth date stored, and it’s associated with the credit card used to pay for the groceries, and the company will sell that data to other companies, which ultimately means, if any of those companies get hacked, then all of the personal information is out there for the public, or hackers to steal.
So this your wake up call.
We are living in the age of T.M.I. (Too Much Information)
Experts say you can question companies about the personal information they require. If they insist for certain data in order for you to complete your purchase, think about which pieces of information they actually need in the transaction. Go ahead and omit a character or two from the email you provide, or change some digits of your phone number.
For the really passionate population, experts encourage joining or starting an advocacy group or consumer watchdog campaign, and most of all, stop just giving away your data.
►Make it easy to keep up to date with more stories like this. Download the 13 ON YOUR SIDE app now.
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Apple Inc is holding an event on 15th September, the iPhone maker said on Tuesday, without disclosing further details.
Apple said it will stream the event from its campus in Cupertino, California. It usually announces new iPad and Watch products during the month of September.
While the company usually launches new versions of its iPhone in September every year, Apple in July had warned of a delay by a few weeks due to coronavirus-induced supply chain snags. The event will be streamed on the company’s website from its campus in Cupertino, California, Apple said, without providing further details.
The iPhone maker’s typically cryptic invitation for media read: “Time flies”. Apple, known for splashy launches packed with hundreds of journalists at its campus, would be forced to tone down some of the excitement this year with the event running virtually for the first time due to COVID-19.
“I wouldn’t count on the iPhone 12 being part of an unveiling. With so much hype around the expected 5G capability, timing will be everything and this delay could prove a big issue for Apple,” Investing.com analyst Haris Anwar said. Analysts have suggested that is likely to schedule a separate event later for the launch of new versions of the iPhone.
“If they’re unable to launch in October, then it could seriously hurt sales in the crucial holiday season, where many will be looking to replace their phones with newer models,” Anwar added.


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Business Insider: Apple cofounder and CEO Steve Jobs turns 56 years old today. Happy birthday, Steve!
It goes without saying that our greatest wish for Steve right now is a quick recovery from whatever is ailing him.
TechSpy is a community of awesome people posting and discussing the latest tech news. It’s part of NewsBoiler, a network of social news sites covering today’s pop culture.


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We recently reported on the passing rumour that Red Dead Redemption 2 was originally meant to be shown off at the Sony conference at E3 this year. According to the rumour, the conference was scheduled to end with the game’s reveal, but this was cancelled at the last minute because a scene where a character shoots up a saloon would have been inappropriate so soon after the massacre in Orlando. It seems that this rumour might not be true after all.
no, this is not true. The length and content we showed has been locked and unchanged for months.
— Adam Boyes (@amboyes) June 14, 2016
Sony’s Adam Boyes, who serves as the vice president of Third Party Relations & Developer Technology Group made the above tweet, referencing the rumour. According to Boyes, the content of the conference was locked and remained unchanged for several months, meaning that there were no last-minute cancellations. This would mean, of course, that Rockstar Games never intended to show off Red Dead Redemption 2 at the Sony conference, or indeed at E3 2016.
Despite this, many fans believe that a sequel is indeed under development. The strongest evidence we have of this is a leaked map that many believe is an internal development map of the game’s world. If the map is real, the game would be a prequel that would cover a considerably larger area than the original game. It would also feature a 19th century version of the city of New Bordeaux, a fictional town that will also be seen in Mafia III.
What do you think about Boyes shooting down the rumour? Let us know in the comments below.


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Gen Z Career Cravings (Infographic)
3 Min Read
What Gen Zs want in a job or career is strikingly different from previous generations, according to new research from the National Restaurant Association Educational Foundation (NRAEF) and the Center for Generational Kinetics.
They are more pragmatic, prefer face-to-face discussions and seek financial security. On the job, Gen Zs thrive in workplaces with a positive culture, want diverse management and crave flexibility. With job openings in restaurants at a record high, and millions of Gen Zers slated to enter the US workforce, attracting and retaining Gen Z is critical to the success of the $800 billion restaurant and foodservice industry. This study was designed to explore the relationship between younger generations and the industry, in order to see if and where the desires of these younger generations overlap with what the industry has to offer.
“82 percent of Gen Z surveyed say a restaurant was their first paid job – that’s a tremendous amount of young people who experience what it’s like to work in our industry,” said Rob Gifford, Executive Vice President, NRAEF. “Our new study shows that we have the opportunity to purposefully foster longer-term relationships with Gen Z. We need to make sure every young person who works in our industry has an overall positive experience to encourage them to stay.”
Among the key findings:
- A Craving for $ and Flexibility: Top factors for staying at a job more than six months include compensation, having a good manager and flexibility. Additionally, over half said they expect to make more money in the first three months and receive a promotion within the first year.
- Mentorship is Key: Over 40 percent stated mentors are essential to giving them confidence and the professional skills necessary to advance their careers.
- Gen Z Want Careers, Not Just Jobs: Thirty-two percent of those surveyed see themselves as restaurant managers and 34 percent want to be owners and operators. Nearly 40 percent want to advance to upscale restaurants.
- The Restaurant Industry Is Training – And Keeping – Gen Z: 82 percent of Gen Z got their first paid work experience in a restaurant, and that experience is overwhelmingly positive, with Gen Z workers found satisfied with their restaurant work experience by a 64% to 20% margin. Around one-third of them aspire to become restaurant owners, managers, and operators.
- Restaurants Provide Gen Z With 21st Century Skills: Gen Z makes clear that restaurants teach the practical, transferable skills required for success in our rapidly evolving workforce: flexibility, teamwork, multi-tasking, dependability, industriousness, customer service, and more.
- Mentorship Matters: Over 40 percent of Gen Z stated mentors are advantageous to building their confidence and professional skills necessary to advance their careers. 58 percent who have a mentor were in more senior positions compared to 29 percent of those who had never had a mentor.
- Culture Is King: Gen Z has a strong desire to be part of an active, creative, collaborative and flexible work environment. The top cultural traits found to be important for a Gen Zer’s ideal job include recognition, flexibility and a team atmosphere. Over half of Gen Z expect to make more money in the first three months and receive a promotion within the first year.
- Reputation Matters: Gen Z wants to be part of a restaurant or business that has high ethics, appreciates diversity, and a positive reputation in the community. Respondents expect a safe work environment where everyone is respected and treated fairly.
- How Gen Z Finds Jobs: Good old fashioned word of mouth from family and friends is still highly effective in determining where Gen Z applies to work, with social media being an additional important resource. With so many jobs to choose from and companies aggressively recruiting Gen Z, they also expect an application process that is seamless, easy and positive.


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UTRECHT, Netherlands — According to the latest poultry report from Rabobank, global poultry demand and trade will remain strong this year. The industry, however, will face challenges related to historic high-cost inflation and logistic disruptions, which will especially impact low-income countries.
In most regions around the globe, poultry supply is relatively tight and prices are strong. The war in Ukraine has led to an increase of 20 percent to 40 percent in global grain prices, and the poultry industry will be challenged to pass on all of these higher costs to consumers.
“This will likely be possible in developed markets with high purchasing power, where supply is relatively tight, such as Europe, the U.S., and Japan,” said Nan-Dirk Mulder, senior analyst–animal protein at Rabobank.
There are, however, rising concerns in developing countries. These sharply rising costs, together with lower purchasing power due to weaker growth and cost inflation, could challenge local food and poultry consumption, and potentially lead to regional crisis situations.
Global poultry trade is expected to remain strong this year, following increasing foodservice demand.
“Brazil, China, and Turkey are well-positioned to benefit from this situation and take over some share of exports from the EU and war-affected Ukraine,” says Mulder. Although Russia will be affected by sanctions, it could selectively benefit from its very competitive position.
Global trade will be challenged by the ongoing inflation of transport costs as well as disruptions to logistics.
“Global poultry industries need a sharp focus on operations to offset higher costs and supply challenges. Optimal procurement, product efficiency, and feed formulation will be vital,” Mulder said.
Avian influenza will remain a key challenge, but the pressure should ease in the northern hemisphere summer. From a global perspective, AI cases in regions like Europe will disrupt trade in hatching eggs, which could impact supply in importing countries, as occurred in 2020 and 2021.
For more information, visit rabobank.com.


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Hyundai has just confirmed that a two-door coupe version of the Elantra is in the works. Set to go up against the likes of the Honda Civic Coupe and even the familial Kia Forte Coupe, the Elantra coupe will be unveiled at the 2012 Chicago Auto Show.
According to Autoblog, the Elantra Coupe looks much like your regular four-door Elantra but with only two doors. To set it further apart from its sedan counterpart, the coupe will be sportier. This improved athleticism will be reflected in its own unique SE trim level, a sporty trim.
Hyundai expects the Elantra coupe to make up 20 percent of the Elantra’s sales volume.


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Warner said its top priority is addressing issues with the PC version, and it believes it has "identified a number of fixes for the larger issues that were affecting PC players." On top of its commitment to right the wrongs of the PC launch version, Warner Bros. said it's working to modify its internal review process "for all of our games."
No date was given for the repaired PC version, but Warner Bros. hopes that after some testing of a few newly applied fixes, "we’ll have a better idea on the status of our progress."
"Please know that we are working on this every day," it said.
As far as the game goes, we gave the console versions of Batman: Arkham Knight a 9.2 in our review, praising its open-world and variety.
Seth Macy is a freelance writer who just wants to be your friend. Follow him on Twitter @sethmacy, and MyIGN at sethgmacy, or check out Seth Macy's YouTube channel.
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As a kid, I loved our weekly trips to the neighborhood grocery store.
Now … not so much.
I’m content sitting on my couch, opening my phone and doing my grocery shopping online.
And I’m not alone.
In 2020, online sales accounted for 8.1% of all grocery sales in the U.S. That figure is expected to reach 20.5% by 2026 … if not sooner.
Using Chief Investment Strategist Adam O’Dell’s proprietary six-factor Stock Power Ratings system, I found a “Strong Bullish” grocery stock that capitalizes on the online grocery shopping boom:
- It’s a major grocery store chain in the Northeast with a growing online presence.
- The stock recently hit a 52-week high despite the broader market turning down.
- It’s in the top 2% of all stocks we rate.
Here’s why the grocery stock I have for you today will continue its strong performance in 2022 and beyond.
The Online Grocery Push
Working from home wasn’t the only trend that gained momentum during the COVID-19 pandemic.
Social distancing and lockdowns pushed more Americans to shop online … even when shopping for groceries.
The online grocery market got a huge boost in 2020. And, as this chart shows, the trend is growing:
Before the pandemic, Americans spent $62.2 billion buying groceries online in 2019. That figure grew 54% to $95.8 billion in 2020 as the pandemic surged.
Now forecasts suggest those sales will reach $187.7 billion by 2024 — a 96% increase from 2020!
Bottom line: The convenience of online grocery shopping is here to stay.
Grocery Stock With Quality, Momentum: Weis Markets Inc.
No matter the state of inflation, grocery stores are popular stocks because these companies sell items we cannot live without … like food.
Weis Markets Inc. (NYSE: WMK) is a major grocery store chain in the Northeast.
The Pennsylvania-based company operates 197 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia.
These are some of the most densely populated areas in the U.S. And that’s reflected in WMK’s impressive numbers.
Despite being more regional, WMK's revenue growth has been strong and steady:
In 2018, Weis Markets introduced its Weis2Go online ordering service that allows customers to place their grocery order online and then pick it up.
Since the launch, WMK’s total annual revenue has jumped 20% to $4.2 billion in 2021! And it continues to show signs of growth as online ordering gains traction.
Now let’s look at how this grocery stock has performed.
WMK Hits 52-Week High Despite Market Downturn
WMK hit its 52-week high of $85 per share on April 20. Broader market headwinds have affected the stock, but it remains around 52% higher than a year ago.
The stock continues to outperform its food and beverage retail peers — which are only up 38.2% over the same time frame.
Weis Markets Inc. Stock Rating
Using Adam’s six-factor Stock Power Ratings system, Weis Markets Inc.’s stock scores a 98 overall.
That means we’re “Strong Bullish” on the stock and expect it to beat the broader market by at least three times over the next 12 months.
WMK rates in the green on five of our six rating factors:
- Volatility — In the last 52 weeks, WMK hit a new 52-week high with little downside. Weis scores a 98 on volatility.
- Quality — While the food and beverage retail sector has negative returns on assets, equity and investments, Weis is in the green on all three metrics. WMK scores an 88 on quality.
- Momentum — Since this time a year ago, Weis’s stock price has been on a steady upward climb. WMK scores an 87 on momentum.
- Value — WMK scores a 78 on value, with a price-to-sales ratio of 0.51 compared to its sector peer average of 1.1. Weis’s price-to-book value ratio is 1.76, while the food and beverage retail industry average is 2.3.
- Size — With a market cap of $2.14 billion, Weis is right in the middle of the pack on size, where it scores a 67.
WMK earns a ”Neutral” 59 on growth, but its quarter-over-quarter sales growth rate is 8%, and its earnings-per-share growth rate is 16.4%. It is right on the cusp of rating in the green here.
Bottom line: We have to buy groceries, no matter what the rate of inflation does in the future.
With more Americans shopping for groceries online, chains with a strong online presence are poised to capture even more market share and sales in the future.
This is why WMK is a must-have for your portfolio.
Matt Clark, CMSA®
Research Analyst, Money & Markets
Matt Clark is the research analyst for Money & Markets. He’s the host of our podcast, The Bull & The Bear, as well as the Marijuana Market Update. He’s also a certified Capital Markets and Securities Analyst through the Corporate Finance Institute. Before joining the team, he spent 25 years as an investigative journalist and editor — covering everything from politics to business.


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It’s a busy post-Christmas shopping day at the Vintage Thrift Shop in Gramercy Park. Shoppers like Anna Pakhomova, peruse secondhand items, they say are unique and one of a kind.
“I’m not a big holiday shopper, I just purchase things when I see them for other people,” said Pakhomova.
It’s a trend that assistant manager Will Beck says he is noticing, shoppers warming to the idea of buying secondhand clothing as gifts for others.
“A week or two before Christmas it really did pick up a lot especially compared to years past,” he said.
At the thrift shop, where all items are donated and purchases benefit the United Jewish Council of the East Side, you might find bargains on down coats and faux leather dresses, maybe even Hermes ties. But it seems the changing consumer attitude toward buying secondhand is not limited to bargain hunters.
Shannon Hoey, owner of New York Vintage, a designer couture vintage clothing store, says she’s seen a similar trend in recent years.
“I think that people are moving away more and more from fast fashion and looking for curated one of kind unique pieces,” Hoey said. Her shop stocks unique pieces, like a pink feather Saint Laurent jacket made around 1987 and a transparent Moschino jacket that says “Save Nature” on the back.
But whether it is a high end, hard to find designer gown, or a thrifted ready-to-wear wool dress, a recent survey by Accenture suggests that the consumer appetite for used merchandise is sizeable, even when it comes to gift-giving. Forty-eight percent of people surveyed said they would consider giving secondhand clothing as a gift.
“Especially men – men all the time,” said Hoey. “Men are always coming in for their wives and girlfriends, looking for really special one of a kind [gifts],” she said.
But like the survey suggests, not all are sold on the idea.
“No I would not buy used or repurposed clothing for somebody as a gift,” said Chris Thompson. “I think that’s kind of tacky.”
“I don’t think I would,” Tim Bush said. “If I couldn’t afford new clothes for somebody, I think I’d probably just find something else for them.”
Even some thrift store shoppers agreed. Buying secondhand for someone else might be a stretch.
Nicole Phillips, who was browsing in the Vintage Thrift Shopped, worried what the recipient would infer from receiving a secondhand clothing gift.
“That maybe I was being cheap or that I didn’t want to spend the money to buy something new,” Phillips explained.
Shoppers who buy secondhand say it doesn’t matter where the clothing is coming from; it’s about where it is going – not to a landfill. So whether it’s a donated blouse or a transparent Moschino jacket, some could say it’s the age old adage that really matters.
“It’s not about the gift, it’s about the heart,” said Lincoln Wright. “That’s why my momma always told me to take the price tag off.”


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Cantabil Retail expands offline presence with 5 new stores
Apparel manufacturer and retailer Cantabil Retail India Ltd has strengthened its retail presence with the addition of 5 new exclusive brand outlets.
The new stores have been opened in different states, including Jammu & Kashmir, Punjab, Maharashtra, and Uttar Pradesh.
Cantabil intends to make significant investments on expansion this year with focus on tier 2, 3 cities. Going forward, the company plans to open stores in West Bengal, Bihar, Jharkhand, Bihar, Gujarat, Uttar Pradesh, Madhya Pradesh, and several of the North-eastern states.
Commenting on the expansion, Deepak Bansal, director at Cantabil Retail India Ltd in a statement said, “We are thrilled to announce the opening of the new Cantabil retail outlets across North and West India. Over the years, tier 2, 3 cities have given us a tremendous response, making expansion plans easy and viable for the company.”
“There is a significant increase in awareness about fashion trends amongst the people in smaller towns and cities, and hence we see immense potential in these markets for our expansion,” he added.
Founded in 1989, Cantabil Retail India is in the business of manufacturing and retailing of apparel, accessories under the brand name Cantabil. It retails through its offline stores and marketplaces like Myntra, Ajio, Flipkart, Amazon, among others.
Copyright © 2023 FashionNetwork.com All rights reserved.


text: SAN FRANCISCO (MarketWatch) -- Motorola Inc. mot said Tuesday it has signed an exclusive, three-year collaborative agreement with British soccer star David Beckham. Financial terms weren't disclosed. Beckham, who plays for England and Real Madrid and is married to a pop star, will begin his "brand ambassador role" immediately and will be seen carrying Motorola products during the World Cup tournament, the company said. The deal includes the ability to embed content featuring Beckham, such as screen savers and video clips, in Motorola handsets. The agreement was brokered by Simon Fuller's 19 Entertainment.


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PCI compliance and similar security standards have evolved a bit more rapidly in the past few years, as regulators and advocates strive to create a more effective line of a rules that will reduce the rate of fraud and identity theft in the US going forward. While there is no argument to be made against these endeavors, they have been somewhat challenging to keep pace with in the eyes of retailers and, perhaps more importantly, small business owners.
Not only do SMBs need to ensure they are effectively deploying new solutions to accept more novel payment methods so as to engage all potential clientele, they must also work to protect user data and comply to all current regulations. In a few months, a major update to policy will be enacted that involves the requirement of EMV chip-enabled hardware at point of sale systems, as regulators shift fraud liability from the issuing bank to the acquirer/merchant.
The National Federation of Independent Business published a helpful article back in mid-April regarding the more important matters entrepreneurs need to keep in mind when approaching the new fraud liability standard. As a note, this will be effective Oct. 1, and small business owners who have not yet acquired and deployed the necessary POS systems should certainly investigate whether an update to EMV would be a prudent move.
Merchants should work with their Point of Sale providers to determine their risk level for in-store fraudulent transactions and discuss whether an immediate upgrade is justified. NFIB noted that while companies are not necessarily obligated by law to upgrade to POS systems that can process EMV-chip card payments, the liability shift is a very real and pressing matter that shouldn’t be ignored or brushed aside.
It’s important to understand that EMV is not connected in any way to on-site data-breaches that have so many SMBs concerned today. Even with EMV implemented, card data is still vulnerable after the transaction, creating very real risk for the merchant. Again, SMBs should talk to their POS providers to learn how to protect card data after the transactions through features like end-to-end encryption and tokenization.
The brass tacks
Visa, one of the main parties involved in this particular change, lists several helpful tips for merchants that are ready to begin the process of implementing support for EMV transactions. Virtually every POS provider will have a go-forward EMV plan in place today. POS providers will work with merchants to make sure that they understand completely what their options are for EMV with their current Point of Sale. At minimum, merchants should find out what hardware options are available from their provider, how an upgrade to EMV will effect their current business practices and what timeframe for implementation they can expect. An open discussion with the POS provider is the first step to making the right decision for your business pertaining to EMV.


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China and Pakistan have included handmade carpets in their free trade agreement. It aims to create jobs for thousands of women working in the carpet industry in Pakistan. Pakistan’s hand-crafted carpet market has collapsed because of a number of trade-related challenges. Pakistan’s handmade carpet exports decreased from $300 million to $68 million in 2015.
Moreover, the reason for this is increased freight costs, rising tax duties, and administrative and warehouse costs. The resulting loss of jobs caused thousands of daily wage workers to lose their jobs. However, the China-Pakistan Free Trade Agreement now allows 313 export items duty-free access to China’s $2 trillion market.
Source: Daily Times


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Desktop-as-a-Service Designed for Any Cloud ? Nutanix Frame
Microsoft’s big announcement is actually about 158 days out putting E3 at the end date and the very real possibility that this announcement may pertain to the next Xbox as Microsoft is believed to be preparing for a 2014 incursion into the next console generation and the new Xbox, or Durango as exposed by last years developer tweet. And whether it does actually include an upgraded and integrated Kinect system, or 3D/BlueRay video card, the news may be moot by the time it actually hits the table. Read more here.


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We’ve all come to expect a certain degree of fantasy in commercials, but sometimes the make-believe goes too far and ends up a rather blatant lie. That was the case with a recent advertisement for the Huawei Nova 3, which purports to show off the power of its AI camera. However, a behind-the-scenes snapshot revealed the truth: The example photos in the ad were taken with a DSLR camera.
The ad follows a couple through their day of poorly timed selfies in order to show how adaptable the Nova 3’s camera is. At one point, the man wants to get a selfie with his gal, but she doesn’t have any makeup on. He assures her everything will be fine and takes the photo. Lo and behold, Huawei’s Beauty AI feature saved the day by softening her features. This processing technique is not unique to Huawei phones, but the AI is supposed to make Huawei’s version smarter.
However, the photo in the ad is not representative of the phone’s capabilities. It’s actually an edited shot from a DSLR camera. We know that thanks to an image posted on Instagram by the Sarah Elshamy, the female actress in the ad. In that image (see above), you can see her male co-star reaching out in the typical selfie pose, but there’s no phone in his hand. Instead, there’s a high-end DSLR camera on a tripod pointing right at the couple.
Elshamy has since deleted the photo from her Instagram, but not before internet sleuths realized something was amiss. It’s not unusual for ads to use “simulated images” to demonstrate a device’s capabilities, but they’re clearly marked as such. In addition, the editing of the ad strongly suggests the photos are really from the camera — there’s a quick cut from the video to a still image with different framing.
Huawei has not responded to requests for comment, but it will most likely issue a halfhearted apology like it has in the past when caught in similar advertising lies.
Game Mod Developer Caught Deliberately Distributing Malware
While the company has since apologized, comments by the studio head suggest he still doesn't understand the magnitude of his own screw-up.
Tesla Employees: Paint Shop Has Caught Fire Multiple Times
New reports suggest Tesla has suffered multiple paint shop fires in the past few years, all without reporting them.
Huawei Caught Cheating in Smartphone GPU Benchmarks
Huawei has been detected pulling some significant benchmark shenanigans.
Thieves Caught on Video Stealing Tesla With Key Fob Relay Hack
If you’ve got an expensive, popular car like the Tesla Model S, you have to expect that someone might eventually want to steal it. You should take steps to prevent that, but UK-based Tesla owner Antony Kennedy did not.


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HONOLULU – It was Hilo resident Glen M.’s lucky day when he decided to play the 2014 MONOPOLY Game at McDonald’s. After ordering his Egg White Delight McMuffin®, Glen peeled off his third and final game piece to his winning combination of Atlantic Avenue, Ventnor Avenue and Marvin Gardens, that won him a family vacation to a Beaches Resort in Jamaica or Turks and Caicos.
“I didn’t know we won, until my wife took a double look at the game card and shouted ‘WE WON,’” said Glen M. of Hilo. “Both my wife and I contributed to this endeavor and ate at McDonald’s quite a bit because it was the best deal at a great value.”
This year, the MONOPOLY Game at McDonald’s returned for its 22nd season and delighted customers across the country with a wide range of prizes from partners such as Target, Redbox, Shell, VIZIO, Delta Air Lines, Shutterfly and Softcard, among others. There were four $100,000 prizes through the “Free Parking” Game Stamp, ten $5,000 Target Gift Cards with early access to the Black Friday in-store sale and one $1 million prize.
To play the game, consumers were able to collect game pieces on a wide variety of menu favorites.
“Our team was so excited to learn that we had a MONOPOLY winner close to home,” said Pat Lim, a McDonald’s Restaurants of Hawaii owner and operator. “We congratulate Glen and his family and look forward to hopefully another local winner in 2015.”
Glenn M. is not the only Hawaii player to win a McDonald’s sweepstakes game recently. Earlier this year, a Kihei, Maui resident was one of six winners of the “Peel. Play. Ole Ole!” sweepstakes and won an exclusive trip to the championship match of the FIFA World Cup on July 13 in Rio de Janeiro, Brazil.
McDonald’s Restaurants of Hawaii has 85 restaurants and more than 5,200 employees in Hawaii, Guam and Saipan. In Hawaii alone, the company has 75 restaurants and more than 4,600 employees. McDonald’s total economic impact on the state yearly, directly and indirectly, is about $370 million in spending and nearly 12,000 jobs in the community. McDonald’s prides itself on offering career opportunities to employees, with most managers staying with the company for more than 18 years. Follow McDonald’s Restaurants of Hawaii on Twitter at @McDonaldsHawaii.


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San Francisco / CA. (grb) Food technology company GrubMarket announced it has completed the acquisition of Buenos Aires, Argentina-based Salix Fruits, a global fresh fruit importer and exporter with a wide portfolio of produce items ranging across apples, lemons, oranges, tangerines, pears, grapes and more. The company has hundreds of growers in more than 20 countries and serves over 450 customers across 50 countries worldwide, including Argentina, Chile, Brazil, South Africa, Spain, India, and the U.S.
Founded nearly 10 years ago by fresh fruit industry veterans Juan González Pita and Luis Elortondo, Salix Fruits is still managed by Pita (COO), alongside Alejandro Moralejo (CEO) and Daniel Calvo (CFO). Today, Salix Fruits is a leading company in the import and export of fresh fruit globally, shipping thousands of containers of product in 2021 and generating double-digit year-over-year revenue growth over the last several years. Salix Fruits also has a strong reputation as a proactive adopter of technology. After the acquisition, the business will continue to be managed by its current experienced and mission-driven leadership team.
«We are excited to join the GrubMarket team and welcome the opportunities brought forth by GrubMarket’s robust technology platform and strong eCommerce supply and demand network. We strive to offer superior service, reliability and quality, as an importer and exporter of fresh fruit for our global customers, and also seek to further tap into a best-in-class grower network. We are thrilled to learn that GrubMarket shares this same goal and has built out such a well-integrated and much-needed eCommerce and technology-enabled platform to bring fresh food to so many important customers across the country. We have had the same vision about the need for a global fruit marketplace for many years. By joining with GrubMarket, we can make that vision come true. We are proud to be GrubMarket’s first South American acquisition and look forward to being a part of the continued South American expansion journey. We sincerely look forward to joining the GrubMarket team and bringing more organic and farmer-direct fresh food to GrubMarket’s end customers,« said Juan González Pita, co-founder and COO of Salix Fruits.
According to Mike Xu, CEO of GrubMarket: «The acquisition of Salix Fruits marks our official expansion into South America, which shows our rapid and profitable growth capabilities in both domestic and international markets. We already have strong relationships with growers and producers in most South American countries, which have allowed us to become one of the largest suppliers of South American fruits in the U.S. Now through our acquisition of Salix Fruits, we will bring our eCommerce network effects and software technology capabilities to enable digital transformation on a global scale. Juan and the incredible team at Salix Fruits have scaled the company to achieve strong revenue growth and profitability. In addition, they are a forward-thinking team, with experience adopting new technology to their fresh fruit producers and customers. We are thrilled to welcome the Salix Fruits team to the GrubMarket family.»
As a part of GrubMarket’s portfolio, Salix Fruits will now utilize GrubMarket’s innovative and proprietary WholesaleWare software suite, the company’s software-as-a-service platform that provides food industry wholesalers and distributors with seamless financial management, powerful sales capabilities, intuitive online ordering, precise inventory management, lot traceability and tracking, grower accounting, automated routing and logistics support, and mobile applications.


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The TechWeb/InformationWeek team of editors and producers hit Vegas two days before CES 2011 started.
We headed straight for the annual CES Unveiled event, where we got a sneak peek at some gear and gadgets. The lines were long but the results well worth it. Check out this slideshow for an early look at some of the products we liked best. Also inside, find images of this year's innovation and design award winners. We saw the gamut of hardware -- everything from rapid scanning all-in-one printe
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Side view of the Lexmark Genesis showing the paper holder
Building A Mobile Business MindsetAmong 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps – and it's past time for those with no plans to get cracking.


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According to a Reuters report , General Motors is working with CAD specialist Autodesk to in the future manufacture new, lightweight 3D-printed parts for automotive production. These parts are in particular anticipated to be used in “alternative-fuel” vehicles, by which GM primarily means electric cars. The Group recently promised its investors it will be making money from selling electric cars by 2021.
As the first result of its collaboration with Autodesk, the company showed off a 3D-printed seat bracket. Using conventional technology, this part would require eight components and several suppliers. With this new system, however, the seat bracket was not only produced in a single process, but also 40% lighter and 20% stronger. GM hopes that the increasing use of lightweight parts will enable it to significantly extend its range of electric vehicles. Until now, the Group had only ever used 3D printing for prototyping, but now plans to leverage additive manufacturing processes for mass production.


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First, the Trump administration declared gun stores “essential.” Now, the ATF is promoting them to operate “drive-through” windows.
Let’s be clear, gun stores are NOT McDonalds. You shouldn’t be able to buy an AR-15 like you do a burger and fries. https://t.co/eQvFYOQRuR
— Brady | United Against Gun Violence (@bradybuzz) April 11, 2020
The ATF is recommending gun stores operate using drive through windows. Support local restaurants, go to their drive throughs instead.
— March For Our Lives (@AMarch4OurLives) April 11, 2020


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Nordstrom Exec. Changes Bolster Online Biz
Nordstrom Inc. named Ken Worzel president of Nordstrom.com in an effort to strengthen Nordstrom’s online and m-commerce business.
Previously, Worzel worked as the retailer’s executive vice president of strategy and development, said Erik Nordstrom, a co-president of the Seattle retailer.
“Ken has gained a deep understanding of how our e-commerce, digital and mobile efforts play an integral role in providing customers a differentiated experience through service, personalization and convenience,” Nordstrom said.
It was also announced that the three Nordstrom brothers will have new responsibilities at the company with a fleet of 329 stores that operate nameplates Nordstrom, the off-pricer Nordstrom Rack and two Jeffrey boutiques. Its online stores have nameplates of Nordstrom.com, Nordstromrack.com and HauteLook.
Erik Nordstrom will be responsible for the Nordstrom brand as well as the retailer’s customer care, marketing and supply chain. Blake Nordstrom, a co-president, will be responsible for the Nordstrom Rack brand, HauteLook and other corporate responsibilities such as finance, technology, legal and human resources. Pete Nordstrom, a co-president, will support Nordstrom’s merchandising functions and store planning.
The company’s stock declined 1.14 percent one day after the Sept. 21 announcement. Nordstrom has long been considered by Wall Street as a blue-chip department store. But the tough retail market affected its recent business. Same-store sales for the second quarter decreased 1.2 percent, it was announced Aug. 11. Total company net sales of $3.6 billion for the second quarter declined 0.2 percent compared with the same quarter of the previous fiscal year.
Also on Sept. 21, it was announced that a Nordstrom Rack will open at the IDS Center’s Crystal Court on Nicollet Mall in downtown Minneapolis.


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On April 14th Coinbase will offer 114.9 million shares of stock in a direct listing on the Nasdaq exchange. The company marks the first cryptocurrency exchange to go public in the United States and paves the way for others to follow suit.
- The SEC has approved Coinbase’s direct listing for April 14th.
- Coinbase will offer 114.9 million shares of stock under the ticker “COIN.”
- Coinbase released impressive Q1 earnings results on Tuesday, giving its IPO an even stronger outlook.
- The IPO marks the first US cryptocurrency exchange to be publicly listed, potentially paving the way for other crypto-related businesses.
What Does Coinbase Do?
Coinbase is a regulated cryptocurrency exchange in the United States. The company facilitates the buying and selling of Bitcoin along with numerous other cryptocurrencies. Coinbase serves as an easy-to-use on-ramp to the cryptocurrency markets for users looking to buy, sell and hold crypto.
How Does Coinbase Make Money?
Coinbase Makes money by charging its users to buy and sell cryptocurrency. Every time a user buys, sells or sends their cryptocurrency, they pay a fee. This is essentially a commission on transactions done on the platform. Coinbase also makes money on margin fees, custodial services and its crypto rewards credit card.
Coinbase Q1 Earnings
On Tuesday, Coinbase released its Q1 Earnings results that boasted highly impressive numbers. The US crypto giant’s announcement showed off 56 million verified users, total revenue of $1.8 billion and a net income of approximately $730 million to $800 million.
Coinbase’s first-quarter performance had revenues larger than the last two years combined, making its IPO outlook on the 14th even more promising.
Members of the crypto industry had a lot to say on Coinbase’s impressive numbers, showing that Coinbase’s upcoming IPO has a very positive sentiment.
“Coinbase is pretty much a better company than every financial services incumbent (growth, margins, prospects, etc.) This makes me happy,” said CEO and founder of the Digital Currency Group, Barry Silbert, via a tweet.
Frequent television crypto pundit and co-founder of Morgan Creek Digital Assets, Anthony Pompliano, said “Coinbase just reported 56 million users, $335 billion in trading volume, and $1.8 billion in revenue for Q1. What an absolute beast of a company.”
How Much Will a Share of Coinbase Cost?
An IPO’s value depends on the level of demand, how it compares to others in its industry who have already gone public, its growth prospects and the narrative and story surrounding the company.
In this case, Coinbase has a unique situation. It is the first crypto exchange in the United States to go public. After its Q1 earnings report, the narrative around Coinbase is of meteoric performance numbers that have now dwarfed many of its previous years combined.
This all makes for what could potentially be a strong entry on to the public markets for Coinbase. A single shares value can be influenced by a number of factors including the company’s initial secondary market trading prices.
Secondary markets are markets for private equity where employees and executives of private companies have the ability to buy and sell their stock. This allows them to get immediate access to money prior to the public IPO.
In these secondary markets, COIN has been trading at an average price of just over $343, valuing the company at over $67 billion.
While the IPO looks promising given the company’s Q1 earnings and secondary markets price action, Coinbase still has a lot to prove as the first US crypto exchange to go public.
Things to Consider When Buying Coinbase Stock
Coinbase’s performance could largely rely on the performance of Bitcoin and other leading cryptocurrencies. The purchase of Coinbase stock represents a faith in the future of cryptocurrency and that Coinbase is in a solid position to capitalize on its success. Before buying Coinbase, it can be healthy to evaluate your belief in the future of cryptocurrency.
Where to Buy Coinbase
On the 14th, retail investors will be able to invest or trade Coinbase shares under the ticker “COIN” during regular market hours. Those interested will be able to find the stock on their brokerage accounts. Depending on the brokerage platform, some people may be able to start buying during pre-market hours from 4 a.m. to 9:30 a.m. EST.
What The IPO Means For The Crypto Industry
Coinbase’s IPO marks a step into further legitimacy for an industry that had previously been labeled as an unregulated and sometimes fraudulent space. Coinbase’s listing on a public marketplace for both retail and institutional players to take part in helps to pave a road for others to follow.
Other larger exchanges in the US like Kraken and Gemini now have an example to follow. The more these businesses grow the more they become pillars of the cryptocurrency infrastructure and industry, helping to validate the existence and use of cryptocurrency further.
This news is originally posted here


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US foodservice supplier SOMMA Food Group is introducing its antibiotic-free Chickentopia Drumstix brand into Georgia's largest school system, its first contract to supply the country's schools.
The brand, which is made from cage-free, vegetable-fed chickens, is being introduced in to Georgia's Gwinnett County Public Schools (GCPS).
Somma Food Group is the latest US meat company to take steps to widen the distribution of antibiotic-free products in the country amid growing consumer interest in the issue.
IRI , the research body, estimates antibiotic-free chicken, pork and beef account for 5% of total US meat sales, but chicken sales increased sales by 34% in 2014, despite higher prices for such products.
The move by Somma Food Group in Georgia will see up to 173,000 students given the chance to try the antibiotic-free oven-roasted drumsticks range, which comes in either buffalo or barbeque sauce.
Gary Hamm, vice president of marketing at Somma Food Group, said: "We are proud to provide a delicious, healthy and safe meal option to GCPS, while expanding the school system's offerings to include chicken that is raised without any antibiotics whatsoever."


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This article first appeared in The Edge Malaysia Weekly, on September 28 - October 4, 2015.
WITH traffic congestion in the country seemingly getting worse, and generally poor public transport systems, calls for a scrapping policy are getting louder, especially from the auto industry.
As at end-December 2013, Malaysia had a total of 23.7 million registered vehicles — 11 million motorcycles, 10.5 million cars and 2.2 million commercial vehicles — which is a lot for a population of about 30 million.
“We acknowledge that efforts have been made to improve public transport, like the MRT and LRT,” says Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad. “However, the MRT and LRT lines are not extensive and would not be able to cover many areas. Moreover, these projects are mostly confined to the Klang Valley. Hence, people will continue to buy cars … it is no longer a luxury item but a necessity for most of us,” she says.
In March 2009, as part of a RM60 billion second economic stimulus package to help Malaysia through the global economic crisis, RM200 million was set aside as part of the Automotive Development Fund, which in turn, introduced the scrapping of vehicles that were more than 10 years old.
Under this plan, the government offered a RM5,000 discount to car owners willing to scrap their cars and acquire either a Proton or Perodua vehicle. This was intended to stimulate car sales and take some of the older cars off the roads to ease congestion.
According to the president of the Federation of Motor and Credit Companies Association of Malaysia (FMCCAM), Datuk Tony Khor, the scrapping scheme was a success.
National automaker Proton Holdings Bhd had in 2007 initiated a similar scheme, Proton XChange, where cars over 10 years old could be traded in for RM5,000 to get a new Proton car. This was later merged with the government’s scrapping initiative, which was however, discontinued in October 2010 after funds from the government dried up.
Proton received a total of 25,862 applications from March 10 to Oct 31 in 2009, fully utilising the funds from the government. At RM5,000 per car, 40,000 cars could be scrapped with the RM200 million budget.
Most auto players, not surprisingly, support scrapping, including SM Nasarudin SM Nasimuddin, joint executive chairman of the Naza group. “Scrapping is indeed key in any developing or developed nation. It serves as a catalyst for new car sales. I’m not a pessimist but as long as global conditions don’t improve and forex is against us, it will be challenging,” he says of the current scenario.
So, the time could be right to introduce scrapping.
Auto sales in August fell by close to 9% to 53,452 units, while 434,282 vehicles were sold year to date — a drop of 10,268 automobiles, or 2.3% less than the corresponding period last year.
MAA has trimmed its total industry volume (TIV) forecast by 10,000 cars to 670,000. Some analysts are less confident, seeing a TIV of 650,000 units.
Khor of FMCCAM says he had proposed a voluntary vehicle scrapping policy for cars above 15 years old, with the government and manufacturer to offer RM5,000 as an incentive for a trade-in for all CKD (completely knocked down) cars. To date, there has been no response, he says.
The MAA too had “proposed many times to the government to introduce a long-term auto-scrapping scheme, for all makes and models”, says Aishah.
She says there should be a scheme for cars above a certain age to be scrapped, with guidelines set by the government under a vehicle scrapping policy. Before that can be done however, it is important to iron out all relevant issues, such as logistics and documentation, to ensure the scheme is acceptable to all stakeholders.
In a nutshell, scrapping provides the auto industry with an exit strategy, and is something that should have been done earlier — before the industry was maturing.
Former Proton Holdings CEO Tengku Tan Sri Mahaleel Tengku Ariff says, “If this is not done, there could be serious repercussions, one being too many cars chasing too few buyers. Therefore, I would strongly suggest a policy be developed to retire cars by an agreed criteria, as is done in many mature markets. This can take many forms and you can study how some countries have done it. We don’t have to reinvent the wheel.”
The auto sector is a multi-billion ringgit industry, with thousands of jobs dependent on it. As such, it would make sense for the government to assist in boosting local demand for cars.
Aishah says there are 40 brands of passenger as well as commercial vehicles in the Malaysian market, an indication of the strong growth of the industry over the years. Increasing competition will drive car companies to offer greater choices, better products and services to attract consumers.
Government policies, especially taxes, affect the cost of a vehicle, especially excise duty, which ranges from 65% to 105%, she says.
“We hope the government can consider reducing the excise duty or Goods and Services Tax partially so as to help to boost demand for new motor vehicles,” she says.
Nasarudin says apart from scrapping, there are several other ways the government can assist the industry.
“The lending criteria could be relaxed a little, or perhaps pushing the energy-efficient vehicle (EEV) agenda. The possibility of offering direct tax incentives to individuals and corporations that purchase diesel and other EEV vehicles could be considered ... such as tax-free imports of diesel-powered vehicles. A similar measure was accorded to hybrid cars a few years ago,” he says.
Khor suggests that the government urge financial institutions to be more flexible on loan approvals. “Used car loan applications have a 50% rejection rate, and new cars, 47%. If the banks can be a little more flexible, it will help us,” he says.


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Today Deep Silver and Volition are thrilled to announce Saints Row, a bold reboot of the bestselling series, with the eponymous game slated for a global release of February, 25, 2022. Get ready to rock the foundations of a larger than life criminal world that feeds all your guilty pleasures. Become a self-made crime boss and crush it as you take over the city. It’s our time now, let’s get this party started.
The eagerly anticipated Saints Row was revealed during gamescom’s Opening Night Live with a thrilling CGI official announce trailer showcasing the game, which will launch on Xbox One and Xbox Series X|S, PlayStation®4 and the PlayStation®5, and on Epic Games Store for PC.
The Saints Row recipe for action, crime, and humor remains a strong and relevant concept; it’s a game which existing fans and new gamers will embrace and developer Deep Silver Volition are back at the helm of the game they love.
“This full reboot is the most fun and exhilaration we’ve packed into a Saints Row experience to date,” said Jim Boone, Chief Creative Officer at Volition. “The iconic new location brings so many exciting opportunities to delight players – whether they are long time fans of the series or jumping in for the first time.”
“Saints Row is one of the most loved and celebrated gaming series and this is the reboot we’ve all been waiting for,” added Paul Nicholls, Global Brand & Marketing Director at Deep Silver. “We’re very excited by Volition’s bold new vision, and we can’t wait to get this new Saints Row into players hands in 2022.”


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The cost of a Rivian pickup truck depends on the features you choose. The Adventure Package adds a powered tonneau cover to the truck, Meridian audio system, perforated vegan leather, Compass Yellow accents on the interior, and priority delivery. Alternatively, you can purchase the Launch Edition, which comes with a 22” sport wheel upgrade, Launch Green paint color, and badging. The Max battery package adds $10,000 to the price and gives the truck a range of 400 miles. A wall charger is an extra $500, and an off-road upgrade costs $2,000 more.
Prices for Rivian pickup trucks and SUVs have increased slightly. The R1T pickup truck and R1S SUV will now begin at $79,500, up from $72,500. The increase will affect most pre-ordered vehicles. However, the company has said that they’ll honor the original price of a Rivian pickup truck or SUV for which a customer has placed a reservation before the vehicle begins production.
How Much Does a Fully Loaded Rivian Cost?
The price of a fully loaded Rivian truck is still under wraps, but the company has just raised the price of its flagship R1T pickup and R1S SUV by $12,000 and $15,000, respectively. The price hike is being attributed to supply constraints and inflationary pressure. The R1T and R1S will now cost $70,000 and $77,000, respectively. Despite the hike, Rivian has promised to lower prices soon, and has added two lower component tiers for the new models. As of summer 2021, the price of Rivian’s new pickups and SUVs is still not cheap, but they will be significantly lower by then.
The price of a fully loaded Rivian truck is still a secret, but the company has announced that it will release a Launch Edition model in 2021. This will be a limited release with a higher starting price. This particular model has the large battery pack that gives it a range of 300 miles, though that number is still pending EPA certification. The price is approximately $75,000 before incentives.
How Much Will a Rivian Truck Cost?
The Rivian R1T is an all-electric pickup truck with a range of up to 314 miles. The truck’s power comes from four electric motors each powered by an individual wheel. The truck can tow up to 11,000 pounds, which rivals the ability of some full-size pickup trucks. However, a towing trailer can decrease the truck’s range, and charging it with an attached trailer can be challenging.
According to reports, Rivian raised the price of its R1T pickup truck by almost 17 percent, to reflect inflation globally. This resulted in increased costs for raw materials and key components. It’s also important to note that microprocessors are currently in short supply, which is hampering the automotive industry’s ability to produce high-end vehicles. The automaker plans to introduce a dual-motor pickup truck in 2024. However, the R1T pickup truck has a price tag of over $84,000.
The R1T comes in a variety of trim levels and paint colors. A launch edition model costs an extra $2,750. It also features a powered tonneau cover, Meridian audio system, perforated vegan leather, and Compass Yellow interior accents. The R1T also has an off-road upgrade for $2,000, which adds two front tow hooks and a reinforced underbody shield. Additionally, the truck’s battery can be upgraded to 400 miles or more, which increases the truck’s price. A wall charger is also available, which costs another $500.
Why is the Rivian Truck So Expensive?
If you’ve ever wondered why the Rivian truck is so expensive, you’re not alone. Earlier this year, Rivian announced price hikes for its R1T and R1S models, ranging from 17% to 20%, depending on the model. However, the price increase came as a surprise to most people, and they have been voicing their displeasure in public forums.
The price increases come in the midst of a global economic crisis, with prices soaring. The price of important components, such as microprocessors, has skyrocketed, putting Rivian in a difficult position. The company hopes to introduce its dual-motor pickup truck in 2024, but for now, the R1T is priced at more than $72,000, which is still not cheap.
Rivian has defended its prices, saying that they are merely reflecting the cost of production and the tight supply chain. Even though the truck will arrive in 2024, the price tag will remain high. Customers who pre-ordered one will receive a lower-spec version. Meanwhile, the price of an R1T in other colors will cost a little more than $81,000. The company is still committed to honor the price for pre-orders, but the increase in prices may make it difficult for them to meet their gross margin targets.
Can You Buy a Rivian Yet?
Can You Buy a Rivian Pick-up Truck Yet? is the first question on many people’s minds. The company that built the first mass-produced electric pickup in the United States is known as Rivian. While Rivian may not be as well-known as Tesla, it is making a big splash nonetheless. The company’s first vehicle is priced at $67,500. Its production capacity is expected to grow to 150,000 vehicles per year, so it’s not cheap. Rivian also plans to build another plant in Georgia, so it’s still not in the same league as Tesla, but it’s not too far away.
Rivian is sticking to its originally announced price of $67,500 for the R1T. It’s still a few years away, but the company is offering a lower-spec model at a higher price just to get reservations in place. But higher prices are probably too steep for the company’s gross margin targets. In the meantime, we’ll just have to wait for further updates.
Is Rivian Owned by Ford?
Is Rivian Owned by the auto giant? Ford has invested $500 million in Rivian since its initial public offering (IPO) in November 2018. The company previously said that it would develop a joint vehicle with Rivian. The vehicle would have been sold under the Lincoln nameplate. However, the deal didn’t materialize. According to Ford, the two companies have decided to separate.
The automaker invested a half billion dollars in Rivian in early 2019, saying it would partner with the company to develop electric vehicles. In addition to Ford, Amazon owns a 20 percent stake in Rivian. Rivian has one factory in Normal, Illinois, and is searching for other locations across the United States. Earlier this year, Texas was said to be a leading contender to get the Rivian plant.
While a majority of its investors are venture capitalists, Ford has also invested in Rivian. Ford’s investment has turned the company into a publicly traded EV, and it’s hoped that Rivian will eventually become the next Tesla. Although, Rivian’s price isn’t as high as Tesla’s, the electric trucks will cost up to $20,000.
How Long is the Wait For a Rivian?
The Rivian Forums recently published a poll asking reservation holders to share their delivery windows. It turns out that most of the delivery windows fall between March and June. Those in Alaska and Canada are the most remote customers. Fortunately, those in other regions should have no problems receiving their truck before then. Even if you’re a little bit late, there is a chance you’ll still get your truck before the end of the summer!
Some users in the Rivian Owners Forum shared the email that gave a delivery window for the R1T pickup. The company later removed the article and updated reservation holders in the U.S., Canada, and Australia. However, the new release date is still a ways off, and reservations may be filled sooner than expected. Regardless, customers may be impatient and opt for a different automaker in the meantime.
Can You Charge a Rivian at a Tesla Station?
The first models of Rivian will be released in 2022, including the R1T pickup and R1S SUV. These vehicles will require chargers, which Rivian plans to sell separately. Interestingly, the Tesla company already has charging stations in public parking lots. Those stations are called SuperChargers and charge Teslas at much higher speeds than Rivians. Hopefully, these new chargers will work for Rivians in North America.
You can charge a Rivian at a Tesla station, but you’ll need to get a special adapter for your electric car. Rivian has a proprietary 11-kW home charger and a Level 3 DC fast charger. Those two chargers are compatible with the Tesla network. Tesla hasn’t yet opened its network to other electric car brands, but it’s currently experimenting with other EV brands in Europe.
Although it’s possible to use a Tesla charger for your Rivian, it may be impossible to plug your Rivian into a Tesla Supercharger. The Tesla Supercharger network is only a few years behind the demand for charging stations. The potential for nationwide coverage is two years away. So, unless you have a Tesla supercharger nearby, you can use a J-1772 adapter to charge your Rivian.
Learn More Here:
3.) Best Trucks


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The March 2015 contest opens at 5 PM Eastern Time, Friday, March 20, 2015, with details posted here on TC’s homepage.
Send entries to: threecheers15[at]toasted-cheese.com
Your subject line must read: Three Cheers and a Tiger Contest Entry
Deadline: 5 PM Eastern Time, Sunday, March 22, 2015.
Winning stories are published in the June issue of Toasted Cheese.
- If 50 or fewer eligible entries are received, first place receives a $35 Amazon gift card & second a $10 Amazon gift card.
- If 51 or more eligible entries are received, first place receives a $50 Amazon gift card, second a $15 Amazon gift card & third a $10 Amazon gift card.


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International Briefs; Reed Elsevier's Profit Rises 11.4%
Published: August 11, 1995
Reed Elsevier, the British-Dutch publishing company, said first-half pretax profit rose 11.4 percent on a strong contribution from Lexis-Nexis, which it acquired last year for $1.5 billion; higher sales of scientific products, and advertising growth. Sales increased 20 percent, to $:1.8 billion ($2.9 billion).
Pretax profit rose to $:370 million ($592 million), from $:332 million ($531 million) in the first half of 1994. Excluding the impact on earnings of divestments, last year's first-half pretax profit was $:281 million ($450 million). Nigel Stapleton, financial director of Reed Elsevier, said: "The major contributor in acquisition terms was Lexis-Nexis. The results for Lexis-Nexis were up more than 50 percent against the same period last year." Reed International P.L.C. of London and Elsevier N.V. of the Netherlands each own 50 percent of Reed Elsevier, which was formed in 1993. (Bloomberg Business News)


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|Day Low/High||29.83 / 30.30|
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Google's treatment of extremist content is coming under fire as more companies temporarily pull advertising from Google's YouTube and programmatic advertising platforms.
Matthias Muller, CEO, vows to create a new culture for German carmaker Volkswagen.
Porsche is moving its focus towards digital services that will allow drivers to find parking spots and advise on road conditions ahead.
Volkswagen shares remained under pressure Friday amid reports in German media that former chairman Ferdinand Piech is planning to sell a controlling stake in Porsche SE.
European markets are mixed amid a pause in the global equity market rally after a slumping dollar helped Asia shares to their best weekly gain in more than six months.
European automakers fell across the board Friday after Germany's Economy Minister warned of a legal challenge to President Donald Trump's border tax plans ahead of a meeting with Angela Merkel.
Renault shares fell sharply after media reports said French authorities want CEO Carlos Ghosn to take the blame if the company evaded emissions testing with so-called cheat devices.
Volkswagen shares were under pressure Wednesday after prosecutors searched the headquarters of Audi as part of an ongoing probe into the use of 'cheat devices' in diesel emissions engines.
Volkswagen said Monday that it expects to see full year profits rise to another record this year as the group puts its emissions cheating scandal behind it.
After 13 years Toyota pulled the plug on Scion last August.
Toyota 86, once known as Scion FR-S, also exists as Subaru BRZ. Toyota owns a 16.5% stake of Subaru's parent, Fuji Heavy Industries.
This new car, and others at the Geneva auto show, are breathtaking.
This car will be a head-turner.
Volkswagen will plead guilt to three counts of felony regarding manipulated emissions levels.
The stock market has the wealthy spending on fancy new rides.
The European Central Bank boosted markets when it sounded a hawkish tone Thursday, but it wasn't enough to offset earlier losses for some benchmarks.
The Dax rose following a strong performance from the automotive sector, but both London and Paris slumped.
PSA Peugeot said Monday that it has purchased General Motors' GM Opel subsidiary and the captive financing units of the carmaker's European brands.
With the stock market in full gear, luxury cars are having their moment in the sun.
European stocks rose as optimism renewed among investors and the Trump Trade returned.
New investigations by U.S. authorities into Fiat Chrysler pushed the stock lower in a rising market as concerns ease over Donald Trump's stance on the border adjustment tax
Carlos Ghosn is stepping down from his role as CEO of Nissan as French rival Peugeot accelerates plans to buy the European operations of General Motors.
Paris and Frankfurt rose but London was hit by worse than expected earnings at HSBC
The 812 Superfast is reportedly the exotic sports car maker's last 12-cylinder model.
Kraft Heinz's offer for Unilever boosted the FTSE 100 in London, but markets were in the red elsewhere.
General Motors' European CEO appeared to give his backing for a merger with France's Peugeot after German lawmakers said the tie-up could work if domestic jobs were protected.
Volkswagen stock fell Friday after it said that worldwide sales were hit last month by a steep fall in China demand amid tax increases and a dispute with Audi dealers.
Weak earnings and ex-dividend dates drove a correction in stock markets across Europe.


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New measures to help tech start-ups market products
If the next big tech innovation is being developed in Singapore, the Government wants to make sure start-ups can cut short the process of making it a viable product.
It yesterday announced measures meant to help local tech entrepreneurs market their research and products faster.
These include a new incubator that will support start-ups from polytechnic students and alumni, as well as a 10-week programme for research scientists and engineers.
Giving the opening address at the second Singapore Week of Innovation and Technology, Finance Minister Heng Swee Keat signalled the continued support for technopreneurial talent here.
"Innovation is driven by people," he said, at the start of the three-day tech conference at Marina Bay Sands Expo and Convention Centre.
"Even as we bolster institutional support, we will continue to actively develop technopreneurial talent to drive innovation and enterprise."
One new initiative is a polytechnic-centric start-up incubator called Pollinate, which was launched yesterday at Block 71, located at Buona Vista's one-north research hub.
Run by Ngee Ann Polytechnic, Singapore Polytechnic and Temasek Polytechnic, Pollinate will help start-ups commercialise their products and expand their markets.
The National Research Foundation (NRF) will be supporting it with a $1 million fund over three years.
Another initiative, the National Lean LaunchPad, is a 10-week programme for scientists and engineers from local universities and polytechnics to learn how to market their academic research into usable, commercial prototypes or products.
The programme is Singapore's extension of Lean LaunchPad, developed in the US and first brought here in a pilot by the National University of Singapore's entrepreneurship cluster, NUS Enterprise in 2013.
The NRF is pumping $8 million over five years to support this national effort, which aims to train more than 1,000 participants, and create 300 technologies which can be commercialised.
FOR MORE, READ THE STRAITS TIMES TODAY