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Minister met industry stakeholders to discuss policies for integration.
Food Processing Minister Harsimrat Kaur Badal today met the representatives of industry and discussed about the integration of food chains with small food processing units.
Badal met the representatives of Assocham, Nestle and Bharti Enterprises to discuss about up-scaling the present schemes of cold chain, value addition and preservation infrastructure and mega food parks.
The Minister discussed new tax proposals and forward and backward integration of food chains with small processing units, according to an official statement.
"Badal discussed the status of investment in food processing industry as a means to achieve the target of employment generation and providing international quality processed foods to Indian consumers at large," the statement added.
The Minister also informed them about launching a new scheme for processing and preservation of perishable produce.
She also assured the industry that proposals will be taken up at appropriate levels for training and business incubation.
Badal added that she is aiming to increase the capacity of cold chain projects, mega food parks and units for processing and preservation of perishable produce.


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COUNCIL bosses are encouraging people to recycle their bathroom bottles as part of a national week which helps people to reduce, reuse, and recycle.
Recycle Week runs each year from September 21 – 27 and encourages the public to recycle the objects that they no longer want or need.
Council bosses are urging Barnsley residents to look to their bathrooms to find empty packaging that shouldn't be left in a land-fill.
A spokesperson for the council said: “The bathroom’s full of bottles you can recycle, like those for hair and body wash, bubble bath, perfume, bleach and cleaning products. “Just remember to remove the pump before you pop them in your recycling bin.
“Cardboard packaging, like the box your toothpaste comes in, can also be recycled so long as it’s dry.
“Pop plastic tubs, empty toothpaste tubes, old toothbrushes and aerosols in your grey bin instead.”

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The local fish market in Eugene has been around for about 30 years.
It just expanded, adding new windows and cases for the various seafood. It was closed for four days–June 3-6–before re-opening. Employees say the reaction from customers has been good.
“They’re very reluctant that we would change anything. They really like the feel of it. So what I’ve heard is that they’re just happy that it maintained the same feel with increased space,” said Ed Lackington, retail manager.
Employees say they’re putting finishing touches on the building Tuesday. They say the final work won’t affect business.


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Sick of e-books? Well we have good news – independent bookshops are making a comeback.
Indy bookshops are having a major resurgence in London, with more and more cropping up all over the city.
For a while we were worried – it looked like print media was dead. People were getting Kindles or reading things on their iPads, doing away with physical pages and choosing to read on devices that could ‘lose charge’ on the train home.
And although it was all more efficient, there was something sad and unsettling about the whole thing.
Which is probably why indie bookshops and libraries are back on the political agenda – the House of Lords is due to debate the significance of local libraries and indie bookshops in the UK next week, on October 13.
‘The Bookseller’s Association has argued that bookshops can help promote literacy, excellence in academic research, enrich the UK’s culture, and the organisation has also emphasised that bookshops help ensure that the UK’s high streets thrive,’ the HoL says.
Literacy, academic excellence, cultural enrichment… It all sounds good to us. And there’s still a thirst for this kind of stuff with the general public, too.
One bookshop in Haggerston, Burley Fisher, opened in February this year – and has been so successful they’re having to expand their space to include an annexe for events.
Sam Fisher, one of the owners, told Metro.co.uk: ‘There’s been a bit of a push back against online retailers who don’t pay their taxes -‘ (*cough*) ‘- and are having a negative impact on publishing and the kind of books that are getting put out there at the moment. And now there’s more of an awareness of that.’
But they didn’t open the bookshop because they thought they could steal Amazon’s business and make millions of pounds or something. They really only did it because they thought it would be fun, and they like books.
The book-buying public agrees, clearly.
According to stats released earlier this year by the Publishers Association, ebook sales fell for the first time ever by 1.6% to £554million in 2015. At the same time, sales of printed books grew by 0.4%, to £2.76billion.
And the success of Burley Fisher’s events programme suggests that there’s clearly something more to indie bookshops than just being able to buy books.
In fact, the weekly events at Burley Fisher are so popular they’ve outgrown the shop floor. Because of this, Sam and Jason Burley are crowdfunding for the cash to convert their basement into a dedicated events space.
The basement – an old World War II bunker – is currently going unused, but they’re hoping to fit it out with a small stage, proper lighting, and (perhaps most importantly) decent ventilation.
The Kickstarter campaign has only been live for a week, but the pair are already about two-thirds of the way to their funding goal of £7,500.
‘There’s not as much of a sense of community left,’ Sam explained. ‘So people are, more and more, willing to support any attempt to create a sense of community.
‘With gentrification across London and spaces being sold off to property developers, people just want a space where they can come and talk about books’


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The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
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A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
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Watching the wealth of Netflix founder Reed Hastings has turned into its own action-packed drama.
With Netflix shares reaching an all-time high of over $530,the value of Hastings' 2.046 million shares now tops $1 billion, officially making him a paper billionaire solely on the basis of his Netflix stake.
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His billionaire status marks a huge turnaround from the fall of 2011, when Netflix shares fell to the mid-70s and the value of Hastings' Netflix wealth plunged from $858 million to a little more than $200 million.
At that time, Hastings lost of more than two-thirds of his paper wealth, marking him as one of the leading examples of the new highly volatile "High-Beta Wealth" of the tech economy. And now, Hastings' paper fortune shows just how many acts and sequels there are in the high-stakes story of getting rich in Silicon Valley.
Of course, Hastings was labeled a billionaire even before Thursday's stock surge, given the value of his non-Netflix holdings.
Read MoreTechnology's richest women
Yet those other holdings also offer a lesson in how tech CEOs have become more savvy in managing and hedging the wild swings in their wealth. For the past five years, as part of a programmed selling plan, Hastings has been selling shares in the company to take cash off the table. In April 2011, he owned more than 2.8 million shares—now, according to the latest filings, he owns 2.046 million—suggesting that he's sold more than 700,000 shares.
Media reports say his total take from those sales has been more than $150 million.
Hastings is still the largest individual shareholder in the company, and the vast majority of his wealth is still tied to the performance of the stock. And clearly, he's created far more wealth for shareholders.
Yet by taking money off the table over the years, Hastings has ensured that however the Netflix drama turns out, he will still wind up with a fortune.


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The Central Bank of Argentina has announced that it intends to introduce a bill to establish a digital version of the national currency, the peso. The move comes as part of the country’s ongoing efforts to modernize its financial system and embrace the potential of digital currencies.
The proposed digital peso, often referred to as a central bank digital currency (CBDC), would be a digital representation of the national currency issued and regulated by the Central Bank. It aims to provide a secure, efficient, and low-cost means of conducting financial transactions, while also strengthening financial inclusivity and reducing reliance on physical cash.
The decision to introduce a digital peso comes at a time when the use of cash has been declining steadily in Argentina. A growing number of individuals and businesses prefer to rely on digital payment methods, such as mobile banking and e-wallets. The introduction of a digital peso would align with this trend and cater to the changing needs and preferences of the population.
The benefits of a digital peso are numerous. For one, it would provide a secure alternative to cash, reducing the risks associated with theft and counterfeiting. Transactions conducted with a digital peso can be easily tracked and monitored, making it harder for money laundering and other illegal activities to occur. This increased transparency could also help boost the country’s overall economic stability.
A digital peso would bring significant efficiency improvements to the financial system. Transactions would be executed instantly and settled in real-time, eliminating the need for intermediaries and reducing processing times. This would not only enhance the overall speed and convenience of financial transactions but also contribute to cost savings for both individuals and businesses.
The introduction of a digital peso would foster financial inclusion, particularly among the unbanked and underbanked populations. Digital transactions can be easily conducted using only a mobile phone, opening up access to financial services for those without a traditional bank account. This would empower individuals to participate in the formal economy, access credit, and save money securely.
The Central Bank of Argentina highlighted that the digital peso would coexist with physical cash and traditional bank accounts, ensuring that individuals have multiple options for conducting transactions according to their preference. The digital peso would not be tied to the exchange rate of other digital currencies or cryptocurrencies, providing stability and instilling confidence in its value.
While the announcement of the digital peso has been met with enthusiasm by some, there are also concerns that need to be addressed. The implementation of a CBDC requires robust cybersecurity measures to protect against potential cyber threats and ensure the trust and reliability of the digital currency. These measures should consider both individual privacy rights and the prevention of illicit activities to strike a balance between security and user-friendly experience.
The adoption of a digital peso would position Argentina as one of the pioneers in the Central and South American region in terms of CBDC implementation. Countries like China, Sweden, and the Bahamas have already made significant progress in developing their own digital currencies, providing valuable lessons and insights for Argentina.
With the announcement of the upcoming bill, the Central Bank of Argentina demonstrates its commitment to embracing technological advancements and digital transformation in the financial sector. The introduction of a digital peso promises a more efficient, secure, and inclusive financial system that would benefit both individuals and businesses. It remains to be seen how Argentina will navigate the challenges and fully materialize the potential benefits of a digital peso, but it is undoubtedly a significant step towards a digital future for the country’s economy.


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© abb Business | September 25, 2017
ABB to acquire GE Industrial Solutions
ABB is to acquire GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13'500 employees around the world.
In 2016, GE Industrial Solutions had revenues of approximately USD 2.7 billion, with an operational EBITDA margin of approximately 8 percent and an operational EBITA margin of approximately 6 percent. ABB will acquire GE Industrial Solutions for $2.6 billion. As part of the transaction and overall value creation, ABB and GE have agreed to establish a long-term, strategic supply relationship for GE Industrial Solutions products and ABB products that GE sources today. “With GE Industrial Solutions, we strengthen our Number 2 position in electrification globally and expand our access to the attractive North American market,” said ABB CEO Ulrich Spiesshofer. “Combined with the long-term strategic supply relationship with GE, this transaction creates significant value for our shareholders. Together with the GE Industrial Solutions team, we will execute our well-established plans in a disciplined way to bring this business as part of the global ABB family back to peer performance. With this next step of active portfolio management, we continue to shift ABB’s center of gravity, in line with our Next Level strategy, by strengthening competitiveness, mainly in the North American market, and lowering risk with an early-cycle business.” “This combination brings together two global businesses with a broad complement of electrical protection and distribution assets,” said John Flannery, CEO of GE. “ABB values our people, domain expertise, and our ability to operate in the segments where we have depth and experience. GE will also benefit through an expanded strategic supply relationship with ABB as the two companies work together.” GE Industrial Solutions will be integrated into ABB’s Electrification Products (EP) division. Included in the acquisition is a long-term right to use the GE brand. ABB will retain the GE Industrial Solutions management team. The transaction is expected to close in H1 2018, subject to customary regulatory clearances.
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UK high street chain Pret A Manger has announced that it will be launching a third Veggie Pret later this year.
Breaking the news in a Facebook post today, the coffee shop giant revealed it will be opening the doors of yet another vegetarian and vegan only eatery.
The announcement read: "We’re excited to announce that Veggie Pret is growing as we type. Shop no.3 will open its doors later this year… Watch this space!"
Pret initially launched its first Veggie Pret in September 2016 as a pop-up trial store, but turned into a permanent location following its success.
The British coffee chain added a second location of its Veggie Pret earlier this year.
The location and date launch of the third veggie shop is currently unknown.
Disclaimer: The opinions expressed in this article are prepared in the author's capacity and do not necessarily reflect the views and opinions of Plant Based News itself.Reuse this content
Diana is a London-based writer dedicated to bringing you the latest updates in ethical consumerism and plant-based nutrition. She is a recent media graduate with extensive journalistic experience, and writes in hopes of changing the narrative. You can follow Diana on Instagram and Twitter @dianalupica
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Slow job creation continues to drag on the economy, according to the Consumer Reports Index for March. This month's findings show that, although the tide of job losses has been stemmed, the level of job creation needed to fuel a consumer recovery has not developed.
Consumer Reports Employment Index stands at 48.7 for March, reflective of net job losses in the prior 30 days and on-par with February at 49.0. Over the past several months, the proportion of Americans reporting losing their job in the past 30 days has been on a decline and is now stabilized at 6.0 percent vs. 5.7 percent in February.
However, in recent months the proportion of Americans starting a new job in the past 30 days has also dropped, declining to 3.5 percent in February from a recent high of 6.2 percent in September. This may be an indicator that there is a deepening problem in getting the unemployed back to work. The expanding pool of unemployed and the effect this invariably has on the spending habits of the employed seriously restricts economic activity. Results indicate that labor conditions are poorest in the West, where the employment index dropped 1.2 percent.
The Consumer Reports Trouble Tracker Index has shown improvement over the past several months, falling to 52.3 in March from 53.4 in February, continuing a downward trend from September 2009 (68.7). The key financial difficulties faced by consumers this month continue to be the inability to afford medical bills or medications (14.3 percent), and credit card increased interest rates, penalty fees, etc. (10.1 percent). This month, the North Central region of the U.S. saw an uptick in financial difficulties to 50.0 up from 43.1 in February.
"Though we are seeing modest gains in consumer confidence, led by the Trouble Tracker, pointing to a decline in financial difficulties, without improvement to the employment picture consumers will be reluctant to engage in the recovery," said Ed Farrell, a director of the Consumer Reports National Research Center. "Once we begin to see job creations, a return to a solid, sustainable retail growth will emerge, and the consumer recovery will be more attainable."
The lack of engagement with the economy is reflected in Americans' spending habits. The Consumer Reports Past 30-Day Retail Index for March, reflective of February activity, is at 11.1, virtually unchanged from the prior month (10.9). This number stands firmly at pre-holiday levels, indicating that consumers are once again hunkering down. The Next 30-Day Retail Index, reflective of planned purchases for March, at 7.3, is below pre-holiday levels and marks the lowest levels tracked since August 2009 (7.5). The softness in this index points to a hesitancy among consumers to commit to spending in this uncertain economy.
The Consumer Reports Index report, available at www.ConsumerReports.org, comprises five key indices: the Sentiment Index, the Trouble Tracker Index, Stress Index, the Retail Index, and the Employment Index. Here are the key findings:
Consumer Reports Sentiment Index: 44.8
Consumer Reports Sentiment Index remains unchanged from the prior month, 44.8 vs. 43.9, respectively. Sentiment is up from a year ago vs. today, but the overall gain has been modest, 41.9 vs. 44.8, respectively. The most optimistic consumers are between the ages of 18 and 34 (54.8), household income of $100,000+ (50.9). The most pessimistic were households with an income of less than $50,000 (43.4) and Americans 65 or older (38.3).
The Sentiment Index captures respondents' attitudes regarding their financial situation, asking them if they are feeling better or worse off than a year ago. When the index is greater than 50, more consumers are feeling positive about their situation. When it is below 50, more consumers are feeling worse. The Sentiment Index can vary from a high of 100 to a low of zero.
Consumer Reports Trouble Tracker Index: 52.3
The Consumer Reports Trouble Tracker Index addresses both the proportion of consumers that have faced difficulties as well as the number of hurdles they have encountered. This index has shown improvement over the past several months, falling to 52.3 in March from 53.4 in February, continuing a downward trend from September 2009 (68.7).
The key financial difficulties faced by consumers this month included:
The Consumer Reports Trouble Tracker focuses on both the proportion of consumers that have faced difficulties as well as the number of negative events they have encountered. The negative events include: the inability to pay medical bills or afford medication, missed mortgage payments, home foreclosure, interest-rate increase, penalty fees, reduced lines of credit or other changes in credit-card terms, job loss or layoffs, reduced healthcare coverage, or the denial of personal loans. The Consumer Reports Trouble Tracker Index is then calculated as the proportion of consumers that have experienced at least one of the negative events comprising the index multiplied by the average number of events encountered.
Consumer Reports Retail Index: Past 30-Day, 11.1; Next 30-Day, 7.3
Consumer Reports Past 30-Day Retail Index for March, reflective of February activity, is at 11.1, on par with February (10.9). Troubling, though, is the fact that the Past 30-Day Retail Index now stands firmly at pre-holiday levels indicating that consumers are once again pulling back. This index was driven by purchasers of personal electronics (24.6 percent) up 1 percent points, and major appliances (7.7 percent) up 1.4 percent points.
Supporting the theory that consumers are once again pulling back, is the Consumer Reports Next 30-Day Retail Index, reflective of planned purchases for March at 7.3, below pre-holiday levels and below the lowest levels since August 2009 (7.5). Individual categories comprising this index remained unchanged vs. the prior month, except for small appliances (9.7 percent) down 4.1 percent points.
Among retail categories not included in the index (new car, used car and new home), past 30-day purchases of new cars (3.3 percent), reflecting February activity, was up from the prior month (2.5 percent), while used cars remained steady and homes declined. The next 30-day planned purchasing (reflects March activity) points to a decline for new cars, 1.1 percent vs. 2.7 percent the prior month. Used cars and homes remain unchanged from the prior month.
The Consumer Reports Retail Index looks at consumer purchases in the past 30 days as well as the outlook for planned purchases in the next 30 days across several categories. The Consumer Reports Retail Index represents the proportion of respondents that made a purchase in the following categories: major home appliances, small home appliances, major home electronics, personal electronics, and major yard and garden equipment. The Retail Index is a weighted calculation. For example, a major appliance is of greater value than a small appliance. Because of their size and frequency, car and home purchases are tracked separately.
Consumer Reports Stress Index: 57.7
The level of stress consumers feel they are under is down compared to prior months and the Consumer Reports Stress Index is now at 57.7 vs. February (59.9) and December (63.0).
The Consumer Reports Stress Index captures attitudes regarding the amount of stress consumers feel compared to a year ago. It asks whether they are feeling more stressed or less stressed. When the Stress Index is more than 50, consumers are feeling more stress and when it is below 50 they are feeling less stress compared to a year ago. The index can vary from 100 (Total Stress) to a low of zero (No Stress).
Consumer Reports Employment Index: 48.7
The Consumer Reports Employment Index stands at 48.7 for March, reflective of net job losses in the prior 30 days, and was on par with February (49.0). In the past 30 days, 6.0 percent reported losing their job vs. 3.5 percent starting a new job.
The Consumer Reports Employment Index examines the change in employment of those that reported starting a new job vs. those that have lost their job or were laid off in the past 30 days. An index below 50 indicates more jobs were lost than gained, while a score more than 50 indicates more jobs were gained than lost in the past 30 days.


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The upcoming Apple Watch series is expected to be a minor update, but according to Bloomberg The company is working on a “Watch X” to celebrate the device’s 10th anniversary.
Apple is planning a spectacular update to its smartwatch, but we won’t see that this year. Apple is expected to unveil the Apple Watch Series 9 range alongside the latest iPhone at an event possibly scheduled for September 12.
The new watches remain the same size as the current models: 41 and 45 millimeters (or 49 millimeters for the Ultra). The most notable differences will be faster processors and new colors.
Apple is planning a “Watch X” model to celebrate the device’s 10th anniversary, and it promises to be the biggest facelift yet. The Apple Watch was launched in 2014 and went on sale the following year, so Apple plans to launch the Watch X in 2024 or 2025.
Apple designers are working on the Model X a slimmer watch case and have tried to change the way the straps attach to the device.
Since the original Apple Watch, the straps slide open on the sides of the case and are secured with a locking mechanism. By keeping the same design, the straps remain compatible with old and new models, but they also have disadvantages. The system takes up a lot of space that could be better utilized with a larger battery or other components.
To that end, the company has studied a new magnetic bracelet attachment system. However, it’s unclear if it will be available soon or with the Watch’s clarity as current OLED screens and blood pressure monitoring technology.


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News tagged ‘Intel’
Apart from the Apple Watch, Apple has just announced another interesting device. As you might have guessed, this is the widely-rumored 12-inch Retina MacBook. Surprisingly, this laptop stays separately from the existing MacBook Air and MacBook Pro lineups: it’s just a MacBook.
As you probably know, at the media event scheduled for March 9th, we may see the long-awaited Apple Watch as well as the redesigned 12-inch MacBook Air and the updated 11-inch and 13-inch MacBook Air models. While we don’t have any substantial evidence concerning the 12-inch laptop, there are some things that point to the refresh of the existing MacBook Air lineup.
According to the latest report from Reuters, the Chinese government has recently removed Apple and several other U.S. tech giants from the list of approved vendors for state purchases. Such a step looks quite strange, especially after Apple has been several times accused of spying on users on demand of the Chinese government.
According to the latest report released by a research firm Consumer Intelligence Research Partners (CIRP), Apple managed to get 50% of the smartphone sales in the USA in the calendar quarter ending in December. In other words, half of the handsets sold on the territory of the United States over the last few months are Apple's iPhones.
It is Sunday today, which means I have to tell you about the most interesting posts of the past seven days. In order not to waste your time, I'll start right now.
Earlier this week I wrote an article about the relationship between Apple and Intel and about Apple’s plans to build its own A10X processor for the next-generation Mac as soon as in 2016. Although the rumor about a switch to own custom-build processors was shared by KGI analysts, looks like it was just a prediction. A couple of days ago, in an interview to CNBC Intel CEO Brian Krzanich said that the business relations between the tech giant from Cupertino and the largest chip manufacturer in the world remain strong and promising.
According to the latest report from KGI, Apple is currently working on its own processor, which will power future generations of Macs. In fact, the analysts say that the new CPU may be created by Samsung in the next one or two years and even added to the future model of the 12-inch MacBook Air. The reason for the creation of its own processor is probably connected with recent delays from Intel. Apple wants to control the timing of Mac launches better.
According to the latest survey conducted by a finance company Credit Suisse, 18% of the current iPhone 6 and iPhone 6 Plus owners would "definitely" purchase the long-anticipated Apple Watch, which is expected to hit the store shelves this March. 11% of the questioned said they would "probably" buy the upcoming wearable device and another 18% informed they would "definitely not" purchase the smartwatch. What is interesting is that 27% of users either say they would "maybe" spend their money on the gadget, or "probably not".
According to the latest report from DigiTimes, Apple supplier called Quanta Computer is currently ramping up the production of the widely-rumored 12-inch MacBook Air. The reporters claim that the release of the new laptop will take place in the first quarter of this year. This goes in line with the recent rumors about the device.
As you probably know, the guys from Cupertino are expected to release a brand new 12-inch MacBook Air later this year. The laptop will reportedly boast of energy-efficient Intel Broadwell processor, thinner body, better and bigger display and a number of other improvements, which deal with the elimination of traditional old-school connectors from its full-aluminum body.
Below you may take a look at some images showing a high-quality mockup of the next-generation MacBook Air. What we actually see is an incredibly thin laptop with large screen, slightly redesigned keyboard and connectors layout. Still, we should keep in mind that this is only a model, so the actual 12-inch device released by Apple may get a different design.
According to the latest reports from reliable sources, Apple suppliers are currently gearing up to start the mass production of the long-awaited 12-inch MacBook Air with Retina display. First laptops will be assembled as soon as in the first quarter of the next year, DigiTimes reporters claim.
According to the latest survey results published by a research firm Consumer Intelligence Research Partners (CIRP), both iPhone 6 and iPhone 6 Plus are not as popular among Android switchers as they were expected to be. In fact, the amount of former Android users who decided to purchase Apple's handset this year is nearly two times smaller if to compare with 2013. Just look: 12% and 23%. I must admit, the difference is immense. What is even more interesting is that the number of Windows Phone or Blackberry switchers turned out to be smaller in 2014 as well; more people decided to upgrade to the iPhone 5s last year and not to the iPhone 6 or 6 Plus this year. This means that about 80% of the new iPhone buyers are former iPhone owners.
According to the latest report from a research firm called IDC, Apple noticeably improved its position on the U.S. PC market in the third quarter of 2014. In fact, the guys from Cupertino managed to reach the highest PC market share ever reported. And such a result looks even more impressive if to take into account the fact that the PC sales do not include Apple's iPad sales.
According to the latest report from atechwebsite, the guys from Cupertino are currently working on a new version of MacBook Air. The next-generation laptop is expected to feature a 12-inch display and come in Space Gray, Gold, and Silver colors. These rumors haven't yet been confirmed by Apple representatives, however, earlier this year a report surfaced online that suggested that Apple was indeed working on a new laptop with larger screen.
The guys from Cupertino are currently thinking about making Siri available on their Mac OS X platform. According to the latest patent application published by the U.S. patent and Trademark Office, Apple is working on a virtual assistant for its desktops.


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13 Apr 2022 8:12 p.m
To the surprise of Western analysts, Chinese exports in March remained at an astonishingly high level despite the Ukraine war and the Corona situation. At the same time, the price of gold – as is so often the case in times of inflation – is rising significantly and is about to break the 2,000 US dollar mark.
Like the Handelsblatt on Wednesday reported, despite the war in Ukraine and the Corona situation, China’s exports grew significantly in March. Exports increased by 14.7 percent compared to the same period in 2021.
Economists consulted by Reuters had only expected growth of 13 percent after growth of 16.3 percent in January/February. Imports, on the other hand, remained comparatively constant, shrinking by just 0.1 percent. That was the first drop since August 2020, following growth of 15.5 percent in January and February this year.
However, analysts assumed growth of eight percent, which means that domestic demand has decreased. It remains to be seen whether Chinese exports will fall as a result of the Ukraine war. For example, Shenzhen Muchen Technology chief executive Qi Yong told Reuters that export orders from its European customers fell 20 percent in March from a year earlier. Another indicator, on the other hand, is pointing upwards: After the leading Chinese stock exchange recorded a big minus in 2021, the Hong Kong Hang Seng Index has gained almost ten percent in the last four weeks.
On the other hand, while European equities and bonds in particular are falling, gold in particular is benefiting from the current mood of crisis. The precious metal has risen by two percent since the beginning of April and was trading at around $1,980 on Wednesday (1,826 per troy ounce, ergo 31.1 grams). The world equity index MSCI World is according to the Handelsblatt fell by two percent in the same period, the price of ten-year US government bonds by more than three percent.
The economist Jeffrey Halley, analyst at the online broker Oanda, sees either a current unjustified gold hype or a glossing over of the overall situation by the press. He means:
“Either the gold market falls into a bull trap, or the gold market is telling us that the inflationary and geopolitical risks are much greater than we see in the headlines.”
Commerzbank analyst Daniel Briesemann also sees two explanations for the gold rally. He said:
“First, gold is in demand as a safe haven asset, as evidenced by the spike in ETF purchases since the start of the Ukraine war. […] Second, gold lives up to its reputation as a stable investment in times of high inflation all honor.”
Inflation has been rising worldwide since the beginning of 2021. In the USA, the rate of consumer price inflation reached 8.5 percent in March 2022, a new high for more than 40 years. As a result, gold, like silver, is currently benefiting from its reputation as an inflation hedge.
The financial experts at Goldman Sachs see a scenario in which an ounce of gold could rise to $2,500, i.e. by a quarter, over a twelve-month period. Goldman assumes that inflation will continue to rise. In her opinion, the market has not yet priced in slower growth in the US economy. But that is necessary to curb inflation. Last but not least, this is also a reason why the precious metal has tended to rise during interest rate hike cycles in the past, according to the analysts at the major US bank.
Another development of the current gold high is often left out by Western analysts: The Russian central bank began to massively expand its gold purchases at the end of March: The regulator is doing this at a fixed price of 5,000 rubles (59 US dollars) per gram between March 28 and 30 June, raising the possibility of Russia returning to the gold standard for the first time in over a century – not least, it could also set a pattern for other economies where the US dollar, the world’s number one currency, would automatically weaken further .
More on the subject – Inflation in UK and US at record levels


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Do Apple Inc's Stock Buybacks Really Matter For Investors?
Despite a market that's trading at all-time highs, corporations still spent more on buybacks during the first six months of 2014 than in any period of the past seven years, according to research from Birinyi Associates. Atop the list, and by a wide margin, is Apple . In Apple's last four quarters, the company bought back nearly $33 billion worth of stock -- IBM comes in second at $19.5 billion. Given the fact that Apple operates in an industry where innovation means longevity, is the company serving investors best by spending so much cash on its own stock?
Is Apple wasting cash on buybacks?
With nearly $180 billion in 12-month revenue, it's quite difficult for Apple to make investments that move the needle. Certainly, the company could make large acquisitions, but by being a company that owns both hardware and software, Apple already possesses what most technology companies produce.
In addition, Apple is a company whose revenue is expected to grow 5.5% this year and another 12% next year thanks to future sales from the iPhone 6 and iPhone 6 Plus launch, expected near-term launches of new tablets, and future product categories like the Apple Watch and Apple Pay. These devices combined have contributed largely to making Apple the largest company in the world by market capitalization.
In the last three quarters alone, Apple has generated more than $46 billion in operating cash-flow. Meanwhile, Apple has spent just $5.7 billion in capital expenditures, giving it more than $40 billion worth of free cash flow during the same span. In other words, in just three quarters, Apple can not only buyback over $30 billion of stock annually, but also afford its capital expenditures with plenty of cash left over. With only three quarters accounted for, Apple has an additional three months annually to grow its $160 billion of cash and liquid assets even larger.
Do buybacks make a difference?
Albeit, buybacks have most certainly worked to the advantage of shareholders. The proof can be seen in the following chart, showing the performance of Apple's market capitalization versus its stock during the last year.
In essence, Apple's market capitalization increase of 37.23% has been a result of improved operations and bullish investor sentiment stemming from the iPhone 6 units. However, with an aggressive buyback policy in place, thereby reducing shares, Apple's stock has increased an additional seven percentage points more than its market capitalization.
Are continued buybacks wise?
Yet, despite the overwhelming $33 billion that Apple spent for buybacks, the key takeaway is that the aggressive spending has not negatively affected Apple's underlying business. As seen below, Apple's generation of cash from operations alone surpasses the money it spent on buybacks by a wide margin.
Essentially, Apple's ability to buyback enough stock to create shareholder value while still managing to grow its cash position is a reflection of strong management within the company. At this point, the continuation of large buybacks from Apple is a good indication to keep buying its stock, as it serves as added protection against downside selling pressure, and because the company can afford it.
During Apple's last quarter, it bought back $5 billion worth of stock, and at just 13.7 times next year's expected earnings, Apple's stock remains foolishly cheap. In other words, buybacks should remain robust, and are likely to keep adding shareholder value, thus amplifying the investment opportunity that lies ahead.
Apple Watch revealed: The real winner is inside
Apple recently revealed the product of its secret-development "dream team" -- Apple Watch. The secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see where the real money is to be made, just click here!
The article Do Apple Inc's Stock Buybacks Really Matter For Investors? originally appeared on Fool.com.Brian Nichols owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple and International Business Machines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


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Microsoft Bringing Office 14 to the Web!
"After teasing the market multiple times, Microsoft Corp. plans to finally confirm today that it's bringing its most money-making desktop software franchise online and to smart phones. Microsoft will release lightweight versions of four components of its Microsoft Office suite for the Web and Windows Mobile smart phones, said Chris Capossela, senior vice president of Microsoft's business division, in an interview on Monday."
I was incredibly excited by this news until I stopped and started wondering - Is Microsoft going to build this to be compatible with all smartphones or are they going to go the usual Microsoft route and only make it compatible to Microsoft's horribly deficient mobile web browser? Either way, as a Windows Mobile user, this means we should have access to basic Microsoft Office elements online. Unfortunately it could mean that once again the rest of the Internet population would have to go without. Hopefully the latter is not the case. We'll keep you updated as we hear more news on this subject!


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Venezuela's aluminum industry operates at 29% of capacity
Aluminum makers Venalum and Alcasa operate hardly with two production lines
The current number of operative cells slightly represents two out of seven production lines.
The operating problems are due to unsolved shortages of spare parts and raw material. Moreover, nearly 40% of personnel is absent amid poor transportation. In CVG Alcasa, low availability of cranes is accountable for production decline.
Henry Arias, the secretary general of the Trade Union of Venezuela's aluminum company CVG Alcasa (Sintralcasa) recently denounced that 15 executives of the industry were given a rise (109%) although there have been no adjustments in the salaries of 3,000 workers who have been hit by the delayed renewal of their contracts and the loss of benefits.
"Cocoa is to Venezuelans what wine is to the French," says Alejandro Prosperi, head of the Venezuelan Chamber of Cocoa, using this simile to express the paramount importance or the cocoa industry for the country. Often times heralded as "the best cocoa in the world," a passion for quality dating back to the sixteenth century has made Venezuelan cocoa growers to enjoy high prestige at international level and their product to be among the most sought-after in the world.


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While all eyes are on 5G in 2020, there are a lot of other reasons to expect it will be a huge year for the mobile arena. Collapsible and dual-display gadgets are likewise aiming to take off in a significant way in 2020, while the prospective launch of Apple’s iPhone -connected AR headset is one more possible emphasize. In business globe, the revival of BYOD (bring your own tool) initiatives and also a better concentrate on mobile protection and also Unified Endpoint Monitoring are various other vital themes in mobile (thikes kiniton) to find following year.
What adheres to are 3 mobile patterns to look out for in 2020.
More style experiments
There remains a fear that a majority of mobile phones look the same from the front. (This stands real specifically for phones with a water drop notch. While that is correct somewhat, 2019 saw mobile phone makers attempting brand-new designs to freshen points up. The holy grail of smart device style was an all-screen remedy. Also the sector somewhat attained it this year, at both front runner and also mid-range degrees. The slope layout ended up being in vogue, with companies trying every little thing from a refined colour change with downplayed shades to flame-inspired looks (Redmi K20), micro dots, kevlar coating, and also geometric patterns. As well as oh, punchy colours on smart devices made a big splash.
In particular, in-display fingerprint sensing units ended up being a lot more easily accessible. The front shooter moved in between the notch, hole punch, a moving module, and a pop-up camera, while the number of back cameras maintained raising the size of the module at the back. We even saw rectangular video camera lenses that used the novel periscope mechanism for optical zoom. Rounded display (additionally called Waterfall design) covering the whole sides, pressure-sensitive volume controls with haptic feedback, the returning side-mounted finger print scanner, far better vibration motors, boosted cooling modern technology were layout changes that characterised smartphone layout trends this year. And also although there was absolutely nothing as extreme as Motorola’s Project Ara, points have not been burning out either.
Big renovation in phone cameras
Smartphone electronic cameras recorded rather than a quantum leap in 2019. We began the year with 48-megapixel video cameras, beat the gun to 64-megapixel, and then finished at 108-megapixel sensors, all on commercially readily available phones. Multi-camera configurations became a standard, and also even phones that cost around Rs. 10,000 began packing 4 rear electronic cameras that click social media-ready images. Night mode became the talk of the town. And although the distinction in its execution varied substantially between the top-tier phones and low-end section, its prevalent availability was definitely an and as well. Computational photography involved the center, and Google Camera mods became popular for users who really did not such as the supply cam app on their phones.
A dedicated macro video camera and also wide-angle snapper became one of the must-haves. On any kind of smart device that makes bold promises regarding its digital photography prowess. Higher-end phones went large with telephoto lenses with optical zoom, assuring comprehensive long-range shots. Periscope camera modules made their means to smart devices as well, enhancing zooming capabilities. Optical zoom went from 2x to 6x on phones in a year. Accompanied by cases of ‘lossless’ 10x crossbreed zoom on the likes of Oppo Reno 10x Zoom Version or routine 20x crossbreed zoom, and electronic zoom as high as 60x. Sensing unit dimension raised. Therefore did capabilities of smartphone video cameras, leading the way for high-resolution images. Also incredibly slo-mo video capture at an astonishing 7680fps on the Huawei Mate 30 Pro.
Battery technology innovations
Until in 2015, quickly charging was an asset that was special to flagships or high-end phones. That altered in 2019. Consider instance the Redmi Note 7 Pro used Quick Cost 4.0 assistance with a 10W peak outcome. Consequently, Xiaomi and also rivals Realme, Vivo, Oppo, as well as Samsung not only introduced more affordable phones with fast charging, yet additionally amped up the billing power level to juice them up even quicker. Take for example the Realme X2 Pro, which begins at Rs. 29,999 and features assistance for 50W VOOC Flash Charge modern technology.


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Africa’s second largest mobile phone operator made a difficult debut on the stock exchange yesterday, its shares slumping on their first day of trading.
Stock in Airtel Africa made their debut at 80p, valuing the company at £3 billion, but fell back to 69¾p by the close.
The lacklustre float was in contrast to well-received recent debuts from Network International, a Dubai-based payments company, and Trainline, the ticket purchasing app.
Airtel Africa, which went public on the London and Lagos stock exchanges, is controlled by Bharti Airtel, the telecoms conglomerate led by Sunil Mittal, 61. The Indian billionaire is in a ferocious price war with the billionaire Mukesh Ambani, 62, whose Reliance Jio launched in India three years ago offering free calls and low-cost data…


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Instacart will begin winding down its work at Whole Foods Market next year, a relationship that predates the grocer's acquisition by Amazon. Instacart will be redeploying staff members to other grocers, which have become the bulk of its delivery partners.
Honeycrisp apples have soared in popularity, surpassing Golden Delicious to become the fifth-most-grown apple, but the variety requires significant maintenance, and so growers are starting to promote others. "There are so many apples that are just as good or better," said grower Tom Maynard, who sees consumers gravitating toward the Evercrisp.
Grocers including Giant Food Stores, Sprouts Farmers Market and Price Chopper/Market 32 were recognized by the Environmental Protection Agency for their work in the agency's Food Recovery Challenge program. The program recognizes grocers that work toward sustainable food retail and food recovery.
Oregon's Basics Market operates as a cooking school and education center as much as it does a grocery store, with the goal of teaching customers to make healthy meals at home. The smaller-footprint store includes eight "meal stations" and instructors who teach how to make the dishes on display.
Takeoff Technologies is looking to bring fulfillment that uses artificial intelligence and robotics to grocery stores in an effort to make assembling customer orders more efficient than having staff members do the work. The tech startup has deployed its system at Sedano's Supermarket in Miami and is working to roll it out with grocers including Albertsons and Ahold Delhaize.
FMI and other industry groups welcomed congressional passage of the Farm Bill, saying it allows the industry to continue serving customers' needs efficiently using the latest technology. "It drives modernization in the electronic benefit transfer (EBT) systems, while protecting retailers from unfair and predatory interchange and processing fees," said Hannah Walker, FMI's senior director, technology and nutrition policy.
Diageo has announced plans for a new, $130 million bourbon and American whiskey distillery and warehouse on a 144-acre tract in Lebanon, Ky. The company has a production facility in Louisville, Ky., and it opened its Bulleit distillery in Shelbyville, Ky., in 2017.
Bortolomiol, known for its prosecco, has released Segreto di Giuliano, its first red wine. The 2016 vintage was described by winemaker Roberto Cipresso as having "an unmistakable balsamic note which is accompanied by aromas of tobacco and refined sweet spices."
German riesling will be affordable and likely to win more US market share in 2019, said importer Adam Sager of Winesellers. Riesling and chardonnay from the Columbia Valley in Washington are top picks to prosper in the new year, Sager added.
Former Whole Foods Market co-CEO Walter Robb will invest in Cece's Veggie Co., a producer of organic vegetable-based rice, noodles and meal kits. The brand is available at Target, Kroger, Albertsons and Whole Foods, among other retailers.
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CHRISTMAS puddings may be off the menu for hard-up families this year.
Bad harvests and inflation are being blamed for a 30 per cent increase in costs.
Over the past year the price of flour has leapt 72 per cent, almonds 61 per cent, raisins 45 per cent and sugar 18.5 per cent, say industry analysts Mintec.
The average price of a 454g supermarket pudding is now £2.49.
Mintec spokesman Robert Miles said: "Frost has hit a lot of fruit and nut production in Europe."
He added that flour prices had rocketed due to the rising cost of wheat, compounded by Russia's export ban.
Demand for grain, sugar and dried fruit from China and India had also forced up prices.


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Uber has unveiled plans for a flying taxi at the Consumer Electronics Show in Las Vegas. The ride-sharing company on Tuesday showed off a full-size mock-up of the electric plane concept vehicle created with South Korean carmaker Hyundai, as it seeks to fly above traffic rather than add to it.
Uber wants to offer aerial ridesharing, allowing a pilot and three passengers to take city trips of up to 60 miles at a speed of up to 180mph. Resembling a winged helicopter and featuring four propellers, Uber and Hyundai joined forces to design a personal air vehicle, or PAV, which can take off and land vertically.
More than 3,000 Uber passengers reported sexual assaults in 2018, the ride-sharing company revealed in its first-ever safety report on Friday. Nine passengers were murdered and 58 riders were killed in crashes last year, the report said.
These incidents represent just a fraction of the more than 1.3bn rides Uber facilitated in the US in the past year, but they come at a time when the company is increasingly under scrutiny for worker and rider safety conditions.
Uber has lost its licence to operate private hire vehicles in London, after authorities discovered that more than 14,000 trips were taken with uninsured drivers.
Transport for London announced the decision not to renew the global ride-hailing firm’s licence at the end of a two-month probationary extension granted in September.
Uber will allow passengers and drivers in Brazil and Mexico to record audio of their rides as it attempts to improve its safety record and image, and eventually it hopes to launch the feature into other markets including the United States.
The Uber co-founder and former chief executive Travis Kalanick is cashing in more than half a billion dollars of his stake in the ride share app, months after the company went public.
After the end of the so-called “lockup period”, a 180-day restriction on inside and early investor sales, came to an end on Wednesday, Kalanick sold more than 20m shares, according to a financial filing submitted to the US Securities and Exchange Commission on Friday.


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LG on Wednesday launched a new K-Series Smartphone in India, K7i, a smartphone that has a unique selling point that is unique indeed – Mosquito Away technology is built-in.
The LG K7i comes with an additional rear cover bundled in the box that can be placed on the phone when required it uses ultrasonic noise which is inaudible to humans but not to mosquitoes, protecting you from bites while the phone is in your vicinity.
It runs on Android Marshmallow 5-inch 854×480 touchscreen, a 1.1 GHz quad-core processor, 2GB of RAM, 16GB of expandable storage, dual-SIM functionality, an 8 MP main camera with LED flash, a 5 MP selfie snapper, a fingerprint sensor, and a 2,500 mAh battery.
The K7i with mosquito away technology can be had for INR 7,990.
The smartphone measures 8.1mm in thickness and weighs almost 138 grams. It will be available only in Brown color option.


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As we reported in June, the arrival of Good Housekeeping EIC Jane Francisco precipitated a sea of staffing changes. Following last month’s wave of four hires and many more firings, the magazine’s masthead makeover continues.
Per an announcement today, Good Housekeeping has made four major hires. Succeeding Jasmine Chang as fashion director is Kristen Saladino:
Saladino joins Good Housekeeping from Self, where she had been senior fashion editor since 2007. Prior to that, Saladino was a freelance fashion editor for publications including InStyle, Marie Claire and Teen Vogue, and started her career at Glamour, where she held a variety of fashion editorial positions.
The magazine’s new style director is Lori Bergamatto, formerly a contributing style editor at both Lucky and People Stylewatch. Features editor Kristen Mascia comes to Good Housekeeping from Parade, where she was an articles editor.
And for new beauty director April Franzino, who follows in the footsteps of departed beauty editor Nina Judar, this marks a return to Good Housekeeping. She was an assistant beauty editor for the magazine in 2007 before moving on to work as associate beauty editor at Fitness magazine and as beauty editor at Self.


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coming to theaters on April 27th!
Prior to this week, the month of May had some of the biggest releases of the year. However, Marvel has decided to make itinerary changes with moving Avengers: Infinity War up one week early.
The film has officially shifting from May 4th to next month’s April 27th.
The announcement was made by Walt Disney and Robert Downey, Jr, revealing an updated poster of the new date. This move now frees up the month of May to upcoming blockbusters Deadpool 2 and Solo: A Star Wars Story. We’re assuming this will also help with iMAX 3D positioning in theaters, for certain chains that are limited fewer rooms of the more expensive feature.
Let us know in the comments if you’re excited about the release for next month.


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Dealers will live-stream from Southfield
The Michigan Gaming Control Board (MGCB) has given Evolution the go-ahead to offer live dealer online casino games in the state. The MGCB announced on July 21 that it had authorized the leading B2B live casino game provider to live-stream, via licensed operators and platform providers, the first such games in Michigan starting 10am on July 22.
blackjack, baccarat, and roulette, with more games slated for the future
Michiganders will interact with live dealers as they initially play blackjack, baccarat, and roulette, with more games slated for the future. The dealers will live-stream from a studio in the Oakland County city of Southfield.
Operators and platform providers hosting the games include major players BetMGM, DraftKings, FanDuel, Penn Interactive/Barstool, and William Hill, with Golden Nugget, Rush Street, the Stars Group, TwinSpires/Bet America, and Wynn also on the roster.
The MCGB said in an official release that the authorized providers will announce when the live dealer games are available to play.
New experience for Michigan gamblers
Evolution got the nod from the MGCB after being found in compliance with Michigan internet gaming regulatory criteria, and also after staff from the state gaming body had conducted an onsite review.
The MGCB’s executive director Henry Williams said in the news release that Michigan residents can use their mobile devices or computers to play the introductory selection of digital versions of popular land-based casino games.
For Michigan’s gamblers, Evolution’s maiden live dealer market penetration in the state offers an alternative experience to the traditional brick-and-mortar table games.
Move follows Evolution’s Canada expansion
Evolution’s entry into Michigan follows a March 2021 deal to supply live casino games to Alberta Gaming, Liquor & Cannabis (AGLC) and the Canadian Bank Note Company (CBN) lottery operations in Canada.
Evolution took to Twitter in March to announce that the AGLC had gone live with its casino offerings through the online PlayAlberta platform:
The Latvia-headquartered provider had previously struck a similar deal with both the Loto-Quebec and the British Columbia Lottery Corporation in Canada, with live dealers streaming from a studio in Vancouver.


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Lee Young Hee, the company’s executive vice president also confirmed that it will be released together or shortly after the release of a new product from Samsung Galaxy Gear smartwatch.
“We’ve been announcing our first flagship model in the first half of each year, around March and April, and we are still targeting for release around that time,” executive vice president Lee said. “When we release our S5 device, you can also expect a Gear successor with more advanced functions, and the bulky design will also be improved.”
In the?International Consumer Electronics Show in Las Vegas, Lee was prodded with questions regarding the possible specifications of the Samsung Galaxy S5. The possibility of an eyescanner emerged, probably to match the leading competitor’s fingerprint scanner, Apple’s iPhone 5S.
Lee, however, assured the public that the Samsung Galaxy S5 will be a whole new different thing from Galaxy S4. It can be remembered that the sales of the Galaxy S4 was not that satisfactory as consumers said that there wasn’t much difference between the Galaxy S3 and the Galaxy S4.
“When we moved to S4 from S3, it’s partly true that consumers couldn’t really feel much difference between the two products from the physical perspective, so the market reaction wasn’t as big,” Lee announced.
Lee also added that for the S5, the Samsung company will try to go back to the basics. Mostly, it will be about the display and the feel of the cover.
Other Samsung products that were recently launched were Samsung Galaxy Round, with a curved 5.7 inch screen, Samsung Television in 105 inch, and the pilot of the Galaxy Gear smartwatches venturing on the convenience and “wearability” of technology.
It is foreseen on the 2014 Technology arena that the feud between Apple’s iPhone and Samsung’s Galaxy line will continue. Let us see who will outdo the other.
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The Environmental Protection Agency (EPA) estimates that Americans create almost 300 million tons of garbage per year.
Even though a lot gets recycled, experts say many of us are doing it wrong, especially when it comes to plastic.
Our Verify sources are the EPA, a 2020 study by Greenpeace, and Alison Faller, an Outreach Specialist from W.M., the largest waste management company in the US.
The EPA says the amount of plastic Americans recycle annually equates to removing 890,000 cars from the road in a single year. That sounds like a lot, but compared to paper and cardboard, it's a drop in the bucket.
Paper products make up 66% of all recycled material in the US. Why isn't more plastic recycled? It's complicated, but as a general rule, plastic bags and plastic wraps cannot be recycled curbside, because they don’t break down easily.
“Clear plastic, like jugs, jars, bottles, tubs - those are recyclable," Faller said. “Whereas, those bags can get tangled up in the sorting wheels in the recycling facility and cause hazards [for the workers].”
Bags (and holiday string lights) also gummy up the entire system, slowing the process for all items while they're painstakingly separated from the machines -- like separating gum from a child's hair.
Another myth: that those three Mobius arrows forming a triangle mean the item is recyclable. The number inside is actually a “resin identification code” – indicating what type of plastic it is. Generally speaking - only #1 and #2 go in the blue bin.
So even though shower curtains and swingsets are predominantly plastic, it doesn't mean (in most cities) that you can recycle it curbside.
From holiday wrapping paper to those crinkly potato chip bags to light bulbs to batteries, plenty of items that might seem easy to recycle, actually aren’t.
We can verify, when it comes to plastic, not all can be recycled.


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There is a silver lining to all the gloomy economic news, with inflation showing signs of easing, economists say. Prices of some basic foodstuffs have dipped in recent weeks, signalling that the rate of price increases has finally slowed. "It's very likely that inflation in the third quarter has reached zero," said Fabio Scacciavillani, an economist at the Dubai International Financial Centre. The decrease in transportation costs had helped to reduce inflationary pressures, said Mohammed Ahmed bin Abdul Aziz al Shihhi, the Undersecretary to the Minister of Economy. "There are indications that inflation will be curbed," he said.
Inflation across the Gulf had climbed into double-digit figures as recently as a few months ago. The UAE was coping with 11.1 per cent inflation and Qatar endured price increases of about 14 per cent last year, both the highest in two decades. The moderation of the prices surge comes as many of the factors driving costs up have reversed. The dollar, which was forcing up import prices in the Gulf as it fell, has been rising in recent weeks. Commodity prices are plummeting.
Commodity prices in the global markets have generally declined since late August. The price of rice declined almost 34 per cent at the end of last week, from its peak in September. In the meantime, the dollar, to which the dirham and most GCC currencies are pegged, has recovered remarkably after reaching its low point against the euro in April and July. It has since rebounded almost 30 per cent, dragging the dirham with it.
The decline in food prices and the appreciation of the dollar are significant in reducing inflationary pressures because the UAE sells oil in dollars and pays for most food imports in euros. The decline of petroleum prices has also reduced the cost of delivery. Abraham George, the purchasing manager at the Bani Yas Co-operative Society, said diary products had declined about 10 per cent since last month and premium rice was down more than 15 per cent. The wholesale price of Basmati Tilda rice, for example, has declined to Dh235 (US$63.97) per 20kg, from Dh280 last month.
"We are definitely past the worst and you'll see prices not fall, but certainly inflation moderate substantially over the next 12 months," said Simon Williams, the chief economist at HSBC. "Prices at the start of [the third quarter] plateaued and then started to moderate and I think the trend will become more pronounced in the coming 12 months." The UAE does not report inflation figures regularly, but GCC countries that do are already showing that price increases have hit the brakes.
Saudi Arabia, for instance, reported last week that September inflation had slowed to 10.35 per cent from 10.8. "We are already seeing signs of inflation slowing down in countries that provide regular data," Mr Scacciavillani said. Mr Williams expects the anticipated economic slowdown to lift the internal inflationary pressure. Rapid economic growth and a consequently significant jump in market demand in the past five years has put increased pressure on the production and delivery of goods and services and thus pushed up inflation.
In recent weeks, economic activity has shown signs of a slowdown with layoffs of employees, tightening of credit, a reduction in private-sector projects and a decline in property values in Dubai. Slowing economic activity and an expected drop in consumer demand will deliver some respite for the existing infrastructure and allow all of the region's economies to cope with their recent growth. "The capacity was very clearly under strain and I think all those things coming under a slowdown would be a chance for the economy to catch up with the growth of demand in the past three or four years," Mr Williams said.
He expects GCC inflation to dip to single-digits next year when the effects of the external factors spread to the economy and, internally, economies hit the brakes after half a decade of speeding ahead at full throttle. One of the main questions, however, remains the direction of rental prices, the principal factor driving up inflation in the UAE last year and this year. The rental market remains particularly tight in Abu Dhabi and only slightly better in Dubai. Mr Williams said rents would go down only if there were a significant slowing of the economy.


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14 May 2013
International Business Machines Corp. (IBM) is being probed by the U.S. Justice Department over corruption allegations in Poland , Argentina, Bangladesh and Ukraine, adding to bribery charges from the Securities and Exchange Commission. The Justice Department is investigating whether IBM violated the Foreign Corrupt Practices Act, the company said in an April 30 filing . In Poland, the department is focusing on a transaction that the Polish Central Anti-Corruption...
13 May 2013
The Australian Competition and Consumer Commission (ACCC) is suing Visa after accusing the network of misusing its market power to distort competing dynamic currency conversion (DCC) services. Such conversion services allow consumers to choose whether they complete a transaction in their home currency or in the local one of the POS terminal or ATM they are using. In 2010 Visa announced rules to stop the expansion of supply of DCC services by rival providers on POS transactions on its...
08 May 2013
World governments keep asking Google to remove content, and Google keeps tattling on them. In its latest transparency report , released Thursday, Google writes that the number of requests from governments to remove online content has grown. Between July and December 2012, Google received 2,285 requests to remove online content, compared with only 1,811 requests during the first six months of 2012. These numbers have been steadily growing since 2010. Many of the removal requests were made in...
07 May 2013
As a result of the 2013 Special 301 Review, the U.S. Trade Representative (USTR) designates Ukraine as a priority foreign country (PFC). This designation is the culmination of several years of growing concern over widespread IP theft, including the growing entrenchment of IPR infringement that is facilitated by government actors. During intensive bilateral engagement, Ukraine has made a series of commitments to make specific improvements in the areas of government use of pirated software,...
19 April 2013
Microsoft has become the latest foreign company to suffer the ire of China’s state media over alleged consumer rights abuses in the country. In a programme aired a week ago on China National Radio, a state-owned radio station, the software giant was criticised for after-sales service relating to its Surface tablet, arguing that Microsoft flouted Chinese laws by offering one-year warranties on the tablets instead of two-year. It comes on the heels of an aggressive state-media campaign against...
17 April 2013
Companies including Microsoft and Nokia have stepped up pressure on EU antitrust regulators to take action against Google, accusing it of blocking competition in mobile telephony. The complaint comes as Google attempts to resolve a two-year long investigation by the European Commission into its internet search practices and avert a possible fine that could hit $5 billion, or 10 percent of its 2012 revenue. More than a dozen companies have voiced their grievances about Google's search practices to the...
04 April 2013
National Bank of Ukraine establishes the procedure for the issuance of licenses allowing non-banking financial institutions to transfer funds in the domestic currency without opening accounts
Resolution of the Board of the National Bank of Ukraine No. 57 of 26 February 2013 On Approval of Regulation on the Procedure for the Issuance of Licenses Allowing Non-banking Financial Institutions to Transfer Funds in the Domestic Currency without Opening Accounts (hereinafter referred to as Resolution No. 57), which was registered with the Ministry of Justice of Ukraine on 13 March 2013, will take effect on 29 March 2013. This Regulation applies to the non-banking financial institutions intending to...
03 April 2013
The Financial Times is reporting that payment systems in the UK are going to be regulated "much like a utility". Tuesday’s announcement of a consultation on the issue makes clear that the government wants to put the system for retail payments – including bank transfers, cheque clearing and credit card payments – under formal regulation by an existing authority. The full consultation report, "Opening Up UK Payments", is available for download here . http://www.paymentsnews.com/
Researches and Reviews
20 May 2013
16 May 2013
23 May 2013
20 May 2013
16 January 2012
12 December 2011


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POCO X2 Officially Introduced In India — Price Starts From ~RM925
We’ve previously reported that the folks at POCO India would be introducing the new POCO X2 today, well here’s what went down in the launch.
The launch confirms that the POCO X2 packs a Snapdragon 730G. It comes with up to 8GB RAM and up to 256GB of UFS 2.1 storage, which you can expand up to 512GB. Under the hood is a 4500mAh battery, which you can charge with its 27W fast charger.
In terms of the camera, the POCO X2 comes with a Sony IMX686 64MP main camera, 8MP ultra-wide shooter, and a 2MP macro lens at the back. As for selfies, it comes with a dual 20MP+2MP in-screen camera.
So there’s three storage variants, which you can check below:
- 6GB+64GB: Rs.15,999 (~RM925)
- 6GB+128GB: Rs. 16,999 (~RM983)
- 8GB+256GB: Rs.19,999 (~RM1,157)
Not forgetting, the POCO X2 comes in three different colors; Blue, Purple, and Red.
It is yet to be confirmed on whether the POCO X2 will hit the Malaysian market, but be rest assured that we will update you once details has been known.
Pokdepinion: If that was the Malaysian price, it’s quite decent. Now to wait for that flagship yet affordable device from POCO..


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Gong Xi Fa Cai! Happy Chinese New Year from Pos Aviation Sdn Bhd.
12th Asian Ground Handling International Conference
The recently appointed CEO of Pos Aviation, Woo Kam Weng, is excited and driven by the many innovation opportunities that exist for the airport logistics sector
Taking the honour of handling the flag carrier of Sultanate of Oman!
Aidilfitri Gathering Hosted By Pos Aviation Sdn Bhd On 27th June 2019
CEO Pos Aviation, Mr. Woo Kam Weng became one of the speakers in a Press Conference.


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TRENDING ON ONEINDIA
- UK Court Orders Vijay Mallya's Extradition; CBI Welcomes Decision
- Hockey World Cup 2018 — Catch The Latest Updates
- PUBG Mobile — Watch The New Live-Action Trailer
- Tata Nexon Crash Test Global NCAP — Five Stars And Officially Becomes The Safest Car In India!
- SBI, HDFC Bank Loans To Get Costlier As Lenders Increase MCLR
- Sara Ali Khan Has Inspired Us To Keep It Casual-glam For The Next Party
- To Gorkhey — A Homestay Trek In The Himalayas
- These Unseen Pics From 'NickYanka's Weddings Scream Love!
OPPO has been long rumored to be working on an ultimate flagship. The company trademarked the 'OPPO Find X' moniker back in April. Now, a render of the phone has surfaced revealing its front and back panel.
If the renders are to be believed, the OPPO Find X will have a notched display like the R15. The render shows that the device features almost non-existent bezels on the sides. But the bottom bezel will be thicker compared to the sides. The rear panel will have a vertically mounted triple camera setup and an LED flash.
There is no fingerprint reader on either panel of the phone. This could mean that the device might have an in-screen fingerprint reader. This comes in line with the company winning a patent for the in-display fingerprint scanner. Other rumors suggest that the smartphone will feature a super-fast 15-minute flash charge and 5x lossless zoom.
The mid-range segment is witnessing a fierce competition in the Chinese market. More and more OEMs are launching smartphones at a lower price with top-of-the-line specs. OPPO has managed to concentrate on its R, F and A series of smartphones in the recent years. The strategy has worked well so far in China.
The company is due to launch a flagship product since the Find 7 launched in 2014. Rumors suggest that OPPO may release a Find series phone this year to target the high-end market. Since the Find X is said to be a high-end device it might come with the Snapdragon 845 SoC.
Previously, the company announced that it would be launching a new sub-brand. It will exclusive to the Indian market in partnership with Amazon India.
The e-commerce platform Amazon.in also rolled out a "Notify Me" page dedicated to the new brand promoting the technology and design of the smartphone alongside the brand's after-sales service. As of now, there's no information on the devices the brand would carry, but the teaser hints at a smartphone for the local markets. The device was recently leaked ahead of its May 15 launch.
The new move can be a part of Oppo's strategy to go head to head with Xiaomi who seems to have dominated the market by bringing India-exclusive products and exploring new distribution channels both online and offline.


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Townsend Hotel adds assistant food and beverage director
The Townsend Hotel, a AAA 4-Diamond, Forbes Travel Guide Four-Star and Travel + Leisure 500-rated luxury property known for its exceptional service and amenities, announced the addition Jérôme Fosset to its team in the role of assistant food and beverage director. The announcement was made by Steven Kalczynski, the Townsend’s managing director.
In his role as assistant food and beverage director, Fosset is responsible for operational support of the Townsend’s extensive banquet department, as well as managing The Corner, the property’s cocktail lounge and nightlife hot spot. A mixology enthusiast, Fosset assists in the ongoing evolution of the Townsend Hotel’s broad cocktail program.
Born and raised in Bourges, France, Fosset enjoyed a worldly professional culinary journey prior to joining the Townsend Hotel. In the U.S., Fosset has collected luxury hospitality experience in major cities like Los Angeles, Washington, D.C., New York, Denver and Portland, Ore. Before the Townsend Hotel, Fosset served as beverage and food manager at Starwood Hotel’s W Hollywood, leading the re-launch of the property’s pool bar in summer 2014.
“Jérôme brings to the Townsend team a great depth of food and beverage culture knowledge, which we welcome with open arms,” Kalczynski said. “His insights and opinions from industry experiences across the country and around the world serve to further strengthen our F&B team and our customer experiences.”
Fosset and his family reside in Birmingham.


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MILAN – A year after being acquired by private equity group Permira, Valentino Fashion Group is shaping up for growth and intends to put more emphasis on men’s wear.
Speaking at a meeting with foreign reporters here earlier today, VFG and Valentino chief executive Stefano Sassi said he plans to give men’s wear a "push", noting that the men’s business was experiencing “constant growth.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)


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06 Jul WHAT THE CEO IS READING – THE NETHERLANDS: A LOOK AT THE WORLD’S HIGH-TECH STARTUP CAPITAL
Sweden has been Europe’s king for a while now, but the surge of successful entrepreneur endeavors in the Netherlands has propelled the region to the forefront of digital start-ups in the region. The importance of start-ups for their economic development has been acknowledged by the Dutch Government, which has taken concrete action to create a more attractive environment for entrepreneurs.
Startup Juncture reported 75 major deals in 2014, for a total of roughly $560 million in investment. The country also hosts a workforce of highly qualified multilingual, multinationals. English speakers are especially welcome since 90 percent of all Dutch people speak English. It’s a hotbed of activity and it’s exciting to see the developments coming out of Europe.
Read the full article here.
- WHAT THE CEO IS READING – IMPROVING THE BUSINESS-TO-BUSINESS CUSTOMER EXPERIENCE - March 26, 2016
- WHAT THE CEO IS READING – LEADING AND GOVERNING THE CUSTOMER-CENTRIC ORGANIZATION - March 22, 2016
- WHAT THE CEO IS READING – MANAGE YOUR EMOTIONAL CULTURE - February 23, 2016
- WHAT THE CEO IS READING – GETTING TO SI, JA, OUI, HAI, AND DA - December 9, 2015
- 2 นาทีข่าวเทคโนโลยีประจำเดือนกันยายน - October 2, 2015
- 2 Minutes Of Tech. September’s News in 2 Minutes. - October 2, 2015
- PRINT YOUR OWN CROSSGUARD LIGHTSABER - September 22, 2015
- WHAT THE CEO IS READING – FOUR SEASONS: THE STORY OF A BUSINESS PHILOSOPHY - September 17, 2015
- 2 นาทีข่าวเทคโนโลยีประจำเดือนสิงหาคม - September 2, 2015
- 2 Minutes Of Tech. August’s News in 2 Minutes. - September 2, 2015


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The Financial Services Authority (FSA) has told banks the new regulatory system will push them to weed out potentially harmful products and demand they pay particular attention to treating customers fairly.
Bankers were once of the "highest repute" and banking synonymous with confidence and trust, but this has changed thanks, in part, to the financial crisis, the FSA's Martin Wheatley said in a speech to Scottish bankers on Thursday.
Wheatley, managing director of the regulator's consumer and markets business unit, said problems had also been caused by banks' failure to be open and honest with customers.
He said it would be the job of one of the FSA's replacement regulators, the Financial Conduct Authority (FCA), to "get to grips" with these issues and rebuild confidence and trust in the system.
Banking practices must be focused on "good profits", Wheatley (pictured) said, rather than profit "at any cost".
Speaking at the Chartered Institute of Bankers in Scotland, Wheatley said transparency, fair disclosure and fair sales practices were not necessarily sufficient to rebuild confidence when consumers still may not do the "right" thing, especially given economic pressures.
The FCA would be doing more work to understand the behaviours of both consumers and firms, Wheatley said.
But he suggested product regulation remains a core focus of the new regulator.
Regulation under the FCA will be about "following the money" to understand what lies behind firms' profitability, he said. The FCA will look at whether firms have product development and approval processes that can "weed out harmful or inappropriately-marketed products".
Wheatley said the approach will be to spot products where the risks are likely to outweigh the benefits the products will bring.
He said the FCA would build on the work the FSA has already done on product regulation, adding that intervention could mean a product ban, but that "there are other things we can do behind the scenes with firms".
However, he said the FCA will continue to monitor firms' sales and distribution processes
"In all of this, we accept that firms need to be able to generate acceptable returns for shareholders, and have to be financially robust," Wheatley said
"But this is about ‘good profits' rather than profit at any cost - either to firms' own stability or their customers' best interests."
Consultation closing 15 September
Across all public sector schemes
Proceeds being returned to investors


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Chesterfield will join Kansas City, Atlanta, Chicago, Seattle and several other cities when an American Girl "experiential retail store" opens in the St. Louis suburb in spring 2012.
The official announcement came from American Girl Tuesday.
Visitors to the 10,850-square-foot store at the Chesterfield Mall will be able to purchase American Girl's line of dolls and books, take their dolls in for a haircut at a "doll hair salon," make doll-sized t-shirts and eat in an in-store "bistro," a release from the company said.
Details of a new outlet mall in the Chesterfield Valley were released today. The Spirit of St. Louis Outlets would be located on 55 acres about four miles west of Chesterfield Commons on the south side of Interstate-64 near the Spirit Airport. Officials say the $85-million, 555,000-square-foot development would create more than 2,500 jobs and generate $265 million in annual sales.
Stephen Coslik, CEO of Woodmont Outlets, says the location is perfect – it’s underserved by outlet stores and there’s access to the interstate.
Missouri voters could be asked to raise the state's minimum wage to $8.25 an hour.
A group that backed a successful wage increase in the 2006 elections is now pushing to get the minimum wage issue back on the ballot in Missouri's 2012 elections.
An open-records request from The Associated Press shows that the minimum wage initiative already has been submitted to the secretary of state's office, which must approve a ballot title before supporters can begin gathering signatures.
An audit shows that a southwestern Illinois airport that's never turned a profit since opening with great fanfare 13 years ago continues to lose money.
The Belleville News-Democrat reports that the review by J.W. Boyle & Co. found that MidAmerica St. Louis Airport had an operating loss of $11.9 million in 2010. That's 4.3 percent less than the previous year.
Reporting from KCUR's Elana Gordon used in this report.
Missouri has received a $20 million grant from the U.S. Department of Labor to train more than 4,000 underemployed adults in the health services sector. Governor Jay Nixon led the effort to bring the funds to the state’s 12 or so community colleges. Deborah Goodall is with Metropolitan Community College in Kansas City and said the grant will help equip adults with high demand health care skills.
Gov. Jay Nixon says he is strongly encouraged by news that General Motors may expand its factory in the eastern Missouri city of Wentzville.
The United Auto Workers said Tuesday that GM plans to invest $380 million and bring 1,850 new jobs to the Wentzville plant as part of a proposed contact deal with the labor union. Plans call for the addition of a second shift to produce full-size vans. The factory also would start making a midsize pickup truck.


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Nvidia, HP, and Zotac are urging the Biden administration to temporarily exempt PC graphics cards manufactured in China from US tariffs.
The companies made the request to the office of the US Trade Representative (USTR), which is considering reinstating exclusions to the Trump-era tariffs on certain Chinese exports. Nvidia told the USTR on Wednesday it supports reinstating the tariff exclusions, citing the lack of GPU manufacturing outside of China.
“The products are not manufactured in the US and in only limited amounts in Taiwan,” Nvidia said. “Efforts to create new capacity in countries that presently do not manufacture such products (such as the US and Vietnam) were unsuccessful and were severely hampered by the fallout from COVID-19.
“Freight/air cargo was severely constrained due to the tremendous reduction in passenger flights which limited the ability to expand air cargo capacity in new sites,” the company added. “Given the limits on supply of semiconductors, it also would have been the wrong time to face lower yields that are associated with new sites.”
To read the full article by PC Mag, please click here.


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Celebs Are Taking Some Unexpected Action Against President Trump’s Nordstrom Tweet
We have to assume that when Nordstrom decided to distance themselves from Ivanka Trump’s brand, they never anticipated such a strong reaction. After President Trump went after the retailer (with a tweet, natch), the store not only saw a totally shocking result, but now celebs are taking some unexpected action in response to the sitch.
While some celebs are opting to support Nordstrom and their choice with a plug…
Im going to do the American thing and support @Nordstrom 🇺🇸❤🇺🇸❤✨🇺🇸❤❤✨🇺🇸❤
— Chelsea Peretti (@chelseaperetti) February 8, 2017
I've never plugged a store but Nordstrom is great
— Mia Farrow (@MiaFarrow) February 8, 2017
Others are putting their money where their mouths are, and are going on some politically charged shopping sprees.
— Chelsea Handler (@chelseahandler) February 9, 2017
shop nordstrom ! pic.twitter.com/lDwRnkIch9
— ROSIE (@Rosie) February 9, 2017
— Aisha Tyler (@aishatyler) February 9, 2017
Can't wait to go shopping at Nordstrom today!
— Leslie Grossman (@MissLeslieG) February 8, 2017
Hey @Nordstrom I am a huge fan and love to shop with you ! Even more so because you support love and kindness over racists.
— Beth Behrs (@BethBehrs) February 8, 2017
We’ll see if Nordstrom continues to see the benefits of dropping Ivanka’s line, but either way, it’s showing to pay off in the immediate.
What do you think about how some celebs are responding to President Trump’s Nordstrom tweet? Tweet us @BritandCo!
(h/t Refinery29; photo via Pool/Getty)


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Tech Sector Takes NASDAQ to Record Close
Tech Sector Takes NASDAQ to Record CloseNASDAQ had a great day today, piling on gains and closing up a record 1.3%. The booming Technology Sector is the reason behind the index's big climb.
Netflix (NFLX) Couldn't Stop Making Money if it TriedAfter releasing their Q2 earnings, shares of Netflix (NFLX) rose over 18% on the day. The company seems like it's doing everything right. It's expanding overseas, adding subscribers here at home, and exploring new markets in the meantime. Netflix was up 17.68 points today, closing at $115.81, an all-time high.
The reasons behind Netflix's (NFLX) rise are interesting, if you like talking about subscription models and business growth. Some call Netflix stock overvalued, but I think those analysts are short-sighted. Netflix has a product that the whole world wants -- American movies and television. They sell it affordably, with an automatically renewing subscription model that's affordable to customers across all age ranges and income demographics.
Netflix (NFLX) has the infrastructure and foresight to take their operation world-wide, and that's exactly what they're doing. While competitors Hulu and Amazon (AMZN) Prime Video are struggling to get started and maintain a toehold in domestic markets, Netflix is expanding overseas like wildfire.
I anticipate continued growth from Netflix, especially in the long-run. Over 5 years, this stock could double and split easily, especially as more subscribers come online across China and India. Keep your eye on Netflix, they practically have a license to print money thanks to the popularity of American entertainment.
Google's (GOOG) Great WeekGoogle (GOOG) is having a strong week with the release of its Q2 earnings. The company was already on an anticipatory upswing ahead of the release, and today in pre-market trading it broke loose. Google gained 19.63 points, or 3.50%, to close the day's trading at $579.85.
Published on Jul 16, 2015By Aaron Phillips