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American chipmaker Advanced Micro Devices Inc (AMD) is buying rival Xilinx Inc for $ 35 billion under a deal that it will be paid for in full by AMD shares.
According to a press release from AMD, the operation will create a company worth about $ 135 billion.
“The acquisition of Xilinx will allow AMD to significantly expand its product portfolio as well as its customer base in a number of growing markets, where Xilinx is a recognized leader,” AMD said.
Under the terms of the deal, Xilinx shareholders will receive 1.7234 shares of AMD shares for each of the company’s shares, valued at approximately $ 143 per share of Xilinx.
As said in a press release, AMD expects that the agreement will be subject to reorganization, not taxable under US law.
The acquisition of Xilinx is expected to save AMD $ 300 million within 18 months of closing the deal.
The boards of directors of AMD and Xilinx supported the agreement, and its completion requires the approval of shareholders of both companies, as well as regulators. The parties hope to be able to close it by the end of 2021.
The agreement between AMD and Xilinx is one of the largest in the field of semiconductor components, where there has been a rapid consolidation recently. AMD has a market capitalization of $ 96 billion. Since the beginning of 2020, it has increased by 79% due to growing demand for PCs, game consoles and other devices that use AMD chips, amid the crisis caused by the coronavirus pandemic. Xilinx’s market value is about $ 29 billion, the company’s stock has risen 17% this year.
Shares of AMD lost 4.4% in the previous trading on Tuesday, Xilinx increased by 10%.
By the end of this year, the German airline Lufthansa intends to reduce its foreign staff by 20 thousand people, as well as sell its LSG division, which deals with on-board catering, which employs 7.5 thousand people. Lufthansa subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines are reducing the frequency of flights, fleets and staff amid […]
Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]
Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]
Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]
In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
According to Bloomberg, a source familiar with the situation, German manufacturer of sportswear and accessories Adidas AG is considering the possibility of selling its brand Reebok. “In the coming months, the company will decide whether to start the sale process,” the source said. According to the interlocutor of the agency, the internal assessment of sales […]
On Thursday, Advanced Micro Devices Inc. has introduced the long-awaited line of four next-generation Ryzen 5000 series CPUs for the desktop PCs, based on the new Zen 3 architecture. Ryzen 5000 series products are based on the 7-nm manufacturing process of the Taiwan Semiconductor and designed for the computer gamers and the content creators. AMD […]
Next year, only a small proportion of people in the European Union will be able to get the coronavirus vaccine. Officials in European countries have not yet decided on the vaccination of citizens. This was announced by Reuters on Tuesday, October 27. “By the end of 2021, there will not be enough doses of the […]Next
PJSC “Jacobs Ukraine” (Trostyanets, Sumy region) is going to pay shareholders dividends of 121.87 million hryvnia in the period from 22 August to 23 December 2016. According to the company’s data in the information disclosure system of the National Commission on Securities and Stock Market, the decision has been taken by the general meeting of […]Next
IKEA’s parent company, Ingka Group, bought 4,500 hectares of forest in Georgia to protect the local ecosystem. Therefore, the holding plans to prevent the felling of trees in the US state. “The forest in the Altamaha River basin, where the rare gopher turtle lives, now belongs to the parent company IKEA,” the statement said. Commenting […]Next
From confidence to clarity, there are a number of reasons holding you back from success. Previously LDaily wrote about how important it is to improve the professional value – “To be successful in business means to have a high” social currency “, take into account the things that you need to pay attention to at […]Next
China in addition to the purchase of the coal business in Australia, aims to get the appropriate transport infrastructure for the supply of its raw material in many corners of the world, reports Bloomberg. Acquisition of Australian Yancoal Australia Ltd. (which is a part of Chinese coal-mining giant Yanzhou Coal Mining Company), a controlling stake […]Next
The investment project of the company with US capital Cargill of about $ 90-100 million is blocked. Alexander Kramarenko, the chief editor of the “Money” magazine, told about this in his blog “By what Ukraine scares foreign investors”. “Delta Bank and Cargill”. Cargill is an agricultural business with a century and a half of history, […]Next
IPO Snowflake, which will take place on the NYSE, will be held at the higher price than announced in early September. On Monday, according to SEC applications, Snowflake, a company that makes storage software, raised its projected stock price to $ 100- $ 110, while the market valuation of the company could grow to $ […]Next
The Swiss construction company Bruenig Mega Safe AG offered the rich to save their money in a storage carved into alpine rocks. It is reported that the company plans to use space in the mountains equivalent to ten football fields to create a storage. The warehouses will have a volume of 100 cubic meters and […]Next
The state owned enterprise Artemsol plans to open logistics centers in Europe, which will give an opportunity to take new markets and increase the volume of sales of products, says the press-service of the enterprise. “We plan to open logistics centers in Ukraine and in Europe. This will solve the problem of deiveries from the […]Next
One of the largest airlines in the United States and globally, United Airlines Holdings Inc., warned on Wednesday that it could lay off 36,000 employees since October 1. Almost half of these employees are flight attendants. The company employed about 96,000 people as of December. This step of United confirms the deplorable state of the […]Next
The company will sell its networks in Central and Eastern Europe, which are not profitable, this opinion is shared by the experts on the energy market. The UK-Dutch oil and gas company Royal Dutch Shell, which profit fell 8 times due to the collapse in oil prices may abandon non-core assets and expose their networks […]Next
Chinese companies continue to actively increase their presence in the business world. Recently it became known that the company Dalian Wanda Group, which specializes in the construction of residential and commercial property, acquires the major USA cinema-company Legendary Entertainment for $ 4 billion. After the implementation of the agreement, most of the shares will pass […]Next
The Ukranian exchange simplified the access conditions on the market to the new consumers. Oleh Tkachenko, the Chief Executive Officer of Ukrainian exchange said: “NBU made a decision about the exchange derivatives banks deregulation. We provide them with the opportunity to trade the urgent contracts”. The exchange council of exchange platform decided not to levy […]Next
The decision of the Constitutional Court violates Ukraine’s obligations to Western creditors. This was reported by the Ministry of Finance with reference to the statement of the head of the department Serhiy Marchenko. He addressed to the assessments of the World Bank management regarding the decision of the Constitutional Court on the officials’ e-declarations. “They […]Next
By the end of this year, the ministry is going to form all the Supervisory Boards. Ministry of Economic Development and Trade (MEDT) plans to appoint the independent Supervisory boards for the 15 largest public companies in Ukraine before the end of this year. This was reported by Yulia Kovalev, Deputy Minister. “The Ministry of […]Next
In early May, the network of elevators of the Prometey company gained another one – in the village Zaliznichnoe Olshansky district of Kirovograd region, in the Yosipovka railway station. The elevator is operable, on its base continues the acceptance of grain and oilseed crops of the gather 2015, – says the press service of the […]Next


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Victoria Beckham to give fashion lessons
London: Singer-turned-fashion designer Victoria Beckham will be teaching hundreds of designer students at the Vogue Festival here later this month.
Victoria, 38, who gradually built her reputation to become one of the world`s top clothes designers, will be passing on her fashion knowledge to the students, reported Daily Mirror.
"Victoria can`t wait to share what she knows about the fashion industry. She has always loved fashion. When she decided to make a career out of it she had a lot to learn so she feels lucky that she had people to teach her. Now she thinks it`s time to give something back.
"She will be revealing all about the business and hand out advice to those youngsters who hope to have a career in the fashion industry," a source said.
Victoria will be on stage at London`s Southbank Centre on April 28 talking about her work to British Vogue editor Alexandra Shulman.
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Mind The Smart Tech Gap: With Three Quarters Of The UK Unaware Of Connected Living Potential, Samsung Unveils The Latest Trends Shaping The Future
- Smart home benefits remain a mystery for many, with over half (66%) not knowing they could use smart tech to remotely track their fridge contents, whilst others (61%) not realising they can switch on their oven from anywhere
- Looking forward, eco homes will have personal ‘mini electricity grids’ by using heat pumps, battery storage and electric vehicles to power-up homes
- The report predicts that emotion detection will play a major role, predicting that tech such as smart mirrors will suggest workouts based on a user’s mental state
- Samsung’s SmartThings app enables and empowers deeper smart tech integration and allows user to manage multiple connected devices, provide remote reassurance on the wellbeing of loved ones by monitoring their daily routines through their interaction with devices and sensors in their homes
London, UK – Thursday 15 June 2023 – With over three quarters of the nation unaware of the potential of smart home tech, Samsung SmartThings has commissioned a new trends report titled, ‘Untapped: The Home Tech Evolution’. Lifting the lid on the current landscape and the extent to which future trends such as emotion detection, energy reconfiguration, and augmented reality could power up the way people use smart tech in their homes in the future.
Samsung partnered with consumer behavioural analysts TrendWatching to undertake its most extensive research to date into the macro trends shaping the smart home tech landscape; predicting that in the future, mirrors will be able to detect our mood, electric cars will be able to power up our houses, and augmented reality will transform culinary experiences in the kitchen.
These trends were bolstered by a poll of 2,000 adults to offer additional real-time attitudinal insights about ways these trends are already in play today, shaping the way people live their lives.
The top smart tech unknowns:
- Place smart buttons around the home to allow you to easily turn on or off any connected appliances (71%)
- Create a safer home environment (68%)
- Alert you to stock up the fridge when ingredients are running low (66%)
- Integrate the management of energy devices (65%)
- Programme the oven or cooker to come on (61%)
- Syncing the doorbell camera to the TV to speak to visitors (53%)
Samsung is a pioneer in the Connected Living space, its innovative SmartThings app allows users to do all the above and more.
Despite the national knowledge gap when it comes to smart tech potential, usage in general is on the up, with over a third (38%) using it to monitor health and track sleep patterns (31%).
In the home more broadly, nearly two thirds (62%) of the UK have been increasing their culinary skills with the help of technology, and more than a quarter (28%) said notifying family members when they need help is a key part of their usage.
James Kitto, Vice President for Samsung UK Mobile said: “There’s never been a more revolutionary time for connected living. Smart home technology is more sophisticated and intuitive than ever before, empowering people and improving lives in ways unimaginable even five years ago – from breaking down barriers around accessibility, enabling consumers maintain healthier lifestyles and helping save money, the possibilities are endless.
“At Samsung, we’re constantly exploring what the smart home of the future will look like as we continue to make huge strides into a more digital world. Today, Samsung SmartThings lets people connect, automate and manage all their smart devices via one easy-to-use free app, allowing people to control their energy use, simplify the management of technology in the homes and even be notified if a loved one needs help.”
Powering our household energy
As a consequence of soaring household energy bills and climate change, TrendWatching researched that the energy crisis could fast-track the green energy transition by [i] five to ten years.
After reading more information about heat pumps, 30% of consumers [ii] said they were likely to consider installing a heat pump in the next 12 months. And four in ten (40%) [iii] UK consumers are considering purchasing energy-efficient solutions, such as solar panels and battery storage. In fact, more than half (53%)[iv] believe homes will be majority powered by solar energy in 50 years.
The UK heat pump market grew 26% from 2021 to 2022[v].
Samsung’s SmartThings Energy (powered by Chameleon Technology) already allows users to connect to their smart meter to see their actual energy usage and connect compatible devices to get a more detailed view of how much specific appliances cost to run in the home. TrendWatching uncovered that all-electric eco homes of the future will use electric heating sources powered by renewable energy and electric vehicles will provide a personal supply capable of powering homes.
Health-enhancing smart tech at home
A positive home environment has never been more important to enhance both physical and mental health, due to blurred lives fuelled by hybrid working, increasingly hectic lives and an uptick in anxiety.
Samsung’s survey revealed that people use tech to exercise (42%), monitor their overall health (38%), track their sleep patterns (31%) and manage their stress levels (24%). With wellbeing apps expected to reach a projected market volume of £722m by [vi] 2027, it’s only a matter of time before consumers expect their smart homes to support them in this quest too.
The latest Galaxy Watch5 series features Samsung’s BioActive Sensor technology, it monitors your unique sleeping patterns – whether you are awake, achieving deep sleep, or measuring your blood oxygen levels.
With the global emotion detection and recognition market predicted to reach US$103.1 billion by 2030, as predicted by TrendWatching we could see smart mirrors that suggest workouts based on a user’s mental state and smart speakers that play music based on their emotions. Consumers will come to expect home innovations that help boost equilibrium and create tranquil spaces to relax and recharge.
Unobtrusive tech for stress-free and stylish living
Today’s consumers are paradoxical: they seek tech-enabled superpowers around the house, but don’t want their home or personal space feeling cluttered – and gravitate towards unobtrusive and intuitive technology that doesn’t infringe on their personal space or overpower the landscape of their home.
More than a quarter (28%) of those considering upgrading their devices at home want to focus on the quality of the technology rather than the quantity. New research also shows there is an increasing appetite to upgrade tech to ensure it integrates into the home aesthetic, with 26% saying they want tech to blend in with their decor seamlessly, with discreet interfaces and materials that take inspiration from interior design.
For example, Samsung’s wall mounted The Frame TV can go from streaming Netflix to displaying wall art. Where thanks to the super thin gapless design, matte display and picture frame border, homeowners can now make use of what would otherwise be blank space and accentuate a room’s décor with photos and artwork.
The future will be fully hands-free, with gesture control as well as facial recognition and other biometric technologies that will enable touchless doorbells, ovens and washing machines.
Personalised devices for independent living
Connected living can revolutionise the lives of older adults and those with physical or sensory disabilities – meeting rising consumer demand for inclusivity.
An increasingly ageing population, with almost one in five (19%) people in the UK over 65, is putting pressure on society as well as the National Health Service. In response, researchers are developing [i] at-home devices that monitor patients remotely. When polled, more than a quarter (28%) said using smart tech to notify family members if they need help is a key part of smart device technology. Meanwhile, one in six (17%) have bought smart devices to track the health of elderly relatives in the past two years.
With inclusivity more front of mind than ever before, an increased appetite for personalised smart home devices that allow greater independence with increased accessibility will shape a better, more hopeful future.
The rise of culinary smart tech
The kitchen is now the beating heart of the home, transcending from a purely culinary space into one that is more sensorial. Since the pandemic, and due to rising costs, more people are now entertaining at home.
Innovation in culinary technology is moving at pace with devices becoming smarter, sleeker and more acutely tapping into the needs of consumers. Nearly two thirds (62%) of the UK have been increasing their culinary skills at home with the help of technology, with a third (32%) using new kitchen devices or features on their existing appliances. One in six (15%) have even become more adventurous with their cooking in the last 12-18 months due to smart technology.
Analysts predict that immersive tech will leap from entertainment to the kitchen next: augmented reality (AR) glasses and virtual reality (VR) headsets will guide people with intuitive and engaging step-by-step instructions allowing home chefs to recreate restaurant-quality meals.
Vicki Loomes, Head of Trends at TrendWatching who conducted the consumer behavioural trends research said: “The smart home is rapidly evolving, and consumers are looking for their home to serve them in new ways. That includes helping them reduce their footprint and their bills with smart energy-saving devices. At the same time, concerns about the future mean that many are looking to create more relaxed living spaces that can actively improve their health and wellbeing.”
To see the full report, go here.
 Requires internet connection
[ii] Samsung Climate Solutions Trends Study H1 2023
[v] BSRIA Market data


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Facebook has announced a new member of its Oculus VR headset family and an update to the Santa Cruz prototype.
Today at its fourth developer conference in San Jose, Oculus announced its newest and most affordable VR headset, called Oculus Go. The headset’s high-resolution fast-switch LCD screen vastly improves visual clarity and reduces the so-called screen door effect, where the lines separating pixels become visible. You can already buy the Gear VR which is a similar, portable device, but you need a high-end Samsung device to operate the headset. Both headsets share the same controller, so content on the Gear VR will look identical on the Oculus Go.
There is also the divide between reality and virtual reality. If you can’t wait, Oculus Rift and Touch are now down to 9 permanently. Barra said that Oculus Go will land with day-one compatibility with the entire GearVR library, which may indicate that it will contain smartphone-level processing as opposed to something comparable to a high-end PC. What makes the Go special is the integrated spatial audio. There’s still a 3.5mm headphone jack if users want to use their own pair of headphones.
At the Oculus connecting event, the first fully-fledged VR headset gets a permanent price cut of $100, over the original $499 price tag.
Users will now be able to create art (or what Facebook refers to as Quillustrations) in their virtual space with Quill, a VR painting tool that was used to create the VR film “Dear Angelica“.
It’s not as if they’re giving up on gaming though, and the biggest software announcement of the night was that Titanfall developer Respawn Entertainment are working on a secret Oculus Rift-only project. It was made possible by help from AMD and Nvidia.
Oculus has revamped the interface for Rift.
The Oculus Go is billed as simpler than the Rift, which went on sale past year, or the Vive system made by HTC Corp. “Opening up more of those experiences to more of us – that’s not isolating, that’s freeing”.
Oculus shouldn’t feel comfortable nor safe because their rival, HTC Vive, has the power to room-scale games into an interactive VR experience. It’s long before we see such a huge behavioural shift among consumers, but it is expected that people will do that in the future.
The company offered a sneak peek into Oculus Venues, a new experience coming next year that lets people watch live concerts, sports, and movie premieres with thousands of other people around the world.


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Putting aside the console wars for a moment, the gaming industry as a whole saw a 9% y/y gain in the US over last year, says the NPD Group.
Two things are noteworthy: First, that's a cooler rate of growth than previous years. Videogames are not " NPD's own Michael Klotz noted earlier this week. Second, there's no rising tide to lift all boats: Gamers are fickle, and more than a few publishing houses are floundering.-proof," as
So who's selling games? FBR Research's Heath Terry crunches the numbers:
- Take-Two (TTWO) is up 25% y/y. Best seller: Carnival Games for the Wii.
- Electronic Arts (ERTS) is up 17% y/y. Rockband 2 is the hit title.
- Ubisoft (UBI) is up 19% for the month on Shaun White Snowboarding for the Wii.
- Activision (ATVI) is up 7% y/y, below the industry average of 9% y/y growth.
- THQ (THQI) is down 22% y/y, with WWE Smackdown vs Raw 09 for the PS2 and X360 standing out.
- Midway (MWY) is up an astonishing 161% y/y, Heath doesn't say why but we assume it's on sales of Mortal Kombat vs DC Universe. But we call Midway "trailing" because the company faces a Feb 19 death sentence.


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Google recently stole Apple’s crown as the largest publicly traded company on the planet, and now ,the Silicon Valley search giant could be breaking another record: a $3.4 billion fine from European Union antitrust regulators. After a seven-year investigation, Google is facing a massive fine for monopoly abuse related to its shopping results.
For anyone who works in the Internet marketing world, this is major news. It doesn’t matter whether you specialize in pay per click advertising, social media marketing, or local search, any digital marketing agency has to play by Google’s rules. For years, the Internet marketing world has argued that the search engine world would benefit greatly from increased competition, but so far, Google has deftly avoided monopoly accusations.
EU investigators argue that Google unfairly prioritized its own shopping results over competitors. News broke this week that Margarethe Vestager, the EU Competition Commissioner, is eager to slap Google with the multi-billion euro monopoly fine. The previous competition commissioner sought to reach a deal with Google, but now that such talks have failed, The Sunday Telegraph reports that Vestager wants to take a more aggressive approach:
Legal sources said the fine it faces over shopping comparison is likely to take account of the fact that Google abused its monopoly on general web search over many years. The European Commission may also seek to make an example of the company over changes to its algorithms during the investigation that made it even harder for competitors to thrive, as well as what some officials now see as its delaying tactics during the investigation.
Google dominates the search engine world, and Google Shopping is just one part of its search empire. Now, EU regulators are looking into possible monopoly abuses of Google’s android smartphone as well.
Although Google is mostly known by consumers for its search engine and email activities, the company makes the vast majority of its revenue from search advertising, and Google Shopping is a prime location for search advertising. The Interactive Advertising Bureau reported last year that search ads accounted for 39% of all online advertising in the first half of 2014, or $9.1 billion. When mobile search revenue was added, the total was $11.8 billion. Since then, mobile users have grown to account for 52% of all search advertising clicks, and once again, Google dominates the mobile search world.
Google sets the rules of the road for the Internet marketing world in a number of ways. For instance, content marketing has become so popular mainly because Google prioritizes sites with strong content. And because websites with a blog have 434% more indexed pages, most websites now have a blog to satisfy Google’s content requirements.
Of course, Google is sure to fight these monopoly charges as they have before, but for Google’s critics, this is a big victory.


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here's always a lot of excitement on the horizon for plastic packaging. And for good reason, the market continues to drive innovation in the packaging market as a whole. Innovation is the trend that never stops for packaging. With that in mind, here are some other trends to pay attention to in 2015 for the packaging sector.
Crude oil prices
It all boils down to cost, right? And the falling oil prices is quite a story for the global economy. It is generating concern for oil companies, while at the same time, consumers are proudly posting pictures of the low cost of gas to fill up their cars. But how will the lower oil prices impact plastic packaging?
"While falling oil prices have created mayhem for industries like energy, the plastic packaging industry is well positioned to capitalize on the situation," according to Zacks Investment Research. "Falling oil prices will not only provide a cost tailwind but will also boost demand due to the increasing disposable income at the customer level."


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Blue-Chips are appealing regardless of the economy, but the uncertainty of late makes a company’s size, prominence and history of stability increasingly important. Other traditional safe havens, U.S. Treasurys for instance, have been overbought as investors have exited the equities market, making blue chips one of few long-term solutions for safe and steady growth. Granted, blue-chips are still susceptible to the whims of the larger economy and those that will continue to exhibit strength in the coming years are those that managed to build sales in spite of the tight consumer spending this year.
Coca Cola (KO)- Third-quarter earnings for the beverage goliath rose 8.1 percent to $2.22 billion according to their most recent report. Unit-case volume at the company continued to increase and while higher costs damaged margins somewhat, Coca Cola has engaged in cost cutting measures to help maximize profitability.
Internationally, the company's volume has been on a steady incline over the past year, gaining 5 percent, a factor that can be expected to persist alongside the ongoing development and growing middle class in emerging nations. Coca Cola has global brand name recognition and as more and more people in nations like China and India begin to have disposable income, the number of potential consumers of their products can be expected to rise.
Furthermore, Coca Cola has begun to expand its offering to include non carbonated options to reflect a shift among consumers in the U.S. and Europe which could potentially help it regain some of the market share it may have lost to competitors.
In addition to the factors mounting in favor of Coca Cola’s ongoing success, the company is trading below its historical forward earnings average in spite of 2011 growth surpassing the broader sector. Beyond this, long-term projected earnings growth for the company is around 8 percent, giving it further long-term appeal. A 41 percent return on equity and a 2.8 percent yield are convincing metrics of strength and stability.
PepsiCo (PEP) –The inclusion of Pepsi Co. on this list probably makes it seem that soda is the sole ingredient in surviving volatility, but so be it. Pepsi’s earnings this year have been remarkable. Last week, the company reported that its 3Q profit rose 4 percent for the period, surpassing analyst expectations and exhibiting a key quality of a blue-chip that is well-positioned for continued success amid the volatility.
Pepsi has embraced a strategy of raising prices and ramping up overseas growth. It possesses many of the same situational advantages as Coca Cola. It’s ubiquitous and the market for consumers is expanding overseas. The company has been doing an excellent job on capitalizing on international markets, and while European sales have weakened for many companies in the sector, Pepsi has seen impressive growth in the region. European revenue grew by 37 percent for the quarter alongside higher prices and the sales contributions from Wimm-Bill-Dann, the Russian foods brand it recently acquired.
Outside of Europe, Pepsi exhibited strength in Asia, the Middle East and Africa where revenue rose 25 percent on volume growth and the elevate pricing. The company has particular success in emerging markets, a feature that bodes well for future earnings. Revenue for the Latin America Foods division grew by 19 percent with much of the strength coming from Mexico and Brazil. The higher volume there can be predicted to multiply as the economies there grow.
For the past year, Pepsi has seen revenue growth of 22 percent.
Caterpillar (CAT)- Industrials have not been the most favored sector through the volatility but one company continues to garner analyst enthusiasm. Shares of Caterpillar, a manufacturer of construction and mining equipment, are expected by analysts to climb around 33 percent in the next year. Analysts point to growing equipment demand from miners as the impetus for the improvement and continue to see potential in emerging markets.
The latest economic reports from China indicating slightly slower, 9.1 percent growth have alarmed some investors, but the numbers are still impressive even if they are slower. China and other emerging nations account for the bulk of Caterpillar’s machinery sales and while there is some deceleration, it’s more than fast enough to help Caterpillar continue to expand. China, India, Brazil and other emerging economies driving Caterpillar’s recent rise are still projected to see ongoing increases in spending and economic expansion. So long as this is happening, Caterpillar sales will continue to be strong.
The reports that emerging economies can not be relied upon as an engine for the global economy led to a broad sell off for Caterpillar, leaving it looking somewhat overbought. The factors driving Caterpillar’s share prices higher; however are still in place, only the teetering share price is gone. Caterpillar is currently trading as low as 9.5 times forward earnings in spite of a long-term growth rate of over 20 percent.
Caterpillar’s share growth may not see a colossal rise like it did earlier in the year, before investors began to doubt the strength of emerging markets but it will in all likelihood recover from the panic losses and see ongoing strength in the coming quarters.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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By Stacy Nadelman
Pilot staff writer
andquot;My love in life is music,andquot; Tracy Sanchez, the new Banana Belt Music Store owner said.
Sanchez purchased the store from Jonathan Lee on Tuesday.
And with a little help from his friends, J. Pizzi and Sarah VanCamp, Sanchez plans to make the music store a great success.
First time business owner, Sanchez, a Brookings resident since 1987, snatched up the chance to buy his dream when former owner of Banana belt Music, Lee, decided to sell.
Lee has owned the business since 2006. The store is the only music store in the area in any two hour direction.
Sanchez's plans to make the business more than just a music store though. He enlisted help from friend VanCamp to write up grants to get a children's music workshop started for youth in the area.
andquot;We're trying to build something up here,andquot; Sanchez said.
And he hired Pizzi for his manager to be in charge of it all.
andquot;He's the music meister,andquot; said Sanchez.
Once the music workshop grants go through, Sanchez plans to administer every aspect of the instrumental music program including student recruitment and enrollment, instrument sales and rentals, music selection and distribution, and instruction. He also wants to eventually hold recital and concert performances.
Sanchez said he's always been interested in providing something for the youth in this area besides just a skate park.
He helped open a teen center in Brookings in the mid 90s and now, what better way to to keep teens occupied than with music.
andquot;Bottom line, it's going to be a cool music store,andquot; Pizzi said. andquot;They're (the youth) going to be comfortable working there.andquot;
Pizzi, a local musician, just moved back into the area from Boston Mass. He has worked for the Los Angeles Times as a sales representative. He also worked for Daddy's Junky Music, a 21- music store chain in Boston, for two years. There, Pizzi was named best rookie salesman of the year his first year.
Sanchez and Pizzi said they will keep the same store hours, which are Tuesday through Saturday noon until 6 p.m., and Lee will still be around to help with instrument repairs.
Lee said he will still run his local custom guitar company and recording studio. He also said now he no longer owns the music store, he will take a couple months off to do some extensive traveling through Central and South America.
New owner Sanchez plans to expand the inventory, sell T-shirts, and promises to promote local musicians by allowing them to sell their compact discs in the store. He also has plans to stock the store with rare albums.
Sanchez also has John Chadwick, Gil Kirk and Billie Ruth on board to give music instructions in piano, vocals and guitars.
Pizzi will also offer guitar lessons.
For sales, repairs, lessons and recording call the Banana Belt Music store at (541) 469-5363.


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World's biggest boxes of pasta on sale in Turkey
ROME (Reuters) - Shoppers can buy a half-tonne box of pasta from Thursday at supermarkets in Turkey, but not in the world's spaghetti capital of Italy.
Too heavy and too big for the shopping trolley, delivery is included in the price.
Italy's Barilla, the world's biggest pasta maker, and Turkey's Migros Ticaret supermarket chain teamed up to produce the mega box of penne pasta, which sells for 999 Turkish lira ($560), for charity.
Guiness World Records have declared the cardboard box - at 1-and-a-half meters high and well over a meter wide - the biggest pasta box ever produced, Parma-based Barilla said.
The boxes will be sold at supermarkets in Istanbul, Edirne and the resort port city of Bodrum. All revenues from the sales of the massive cartons will go to the United Nations Children's Fund (UNICEF).
Turkey consumes 450,000 metric tons (496040 tons) of pasta per year, and is the world's No. 5 producer.
(Reporting by Steve Scherer, editing by Paul Casciato)
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Recently, Armored Warfare has been updated with six Tier 10 vehicles into the game, a pair of brand new PvE missions, adjustments to the garage UI, a new Tier 7 Premium Vehicle and various bug fixes and feature enhancements online.
- First six Tier 10 vehicles have been introduced. Besides such main battles tanks as Challenger 2B, Leopard 2A7-140, XM1A3, and T-14 Armata, the update also brings a concept light tank PL-01 and armored fighting vehicle called SPHINX. Tier 10 will be unlockable through a token system similar to the one used to unlock Tier 9 vehicles.
- In the newly delivered PvE operations “Prometheus” and “Meltdown,” players will have to defend the important cargo on the sandy beaches of the tropical island and defend the nuclear reactor from enemy invasion in order to save the people of the small town from devastation.
For more information, please click here.


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Commidea has announced that 1 million contactless transactions with a total value of more than £4 million have been processed using Commidea solutions so far this year. This means that over 80% of contactless transactions in the UK are processed by Commidea.
As industry numbers indicate, contactless payments are on the rise. More consumers are ‘tapping’ their contactless cards at convenience retail and food outlets to pay for transactions under £15. The transactions take less than half a second and eliminate the need for handling cash, therefore reducing queue times and helping to increase sales.
‘Contactless payments are on the rise particularly in the convenience payment sector and the figures show Commidea’s technology is at the forefront of facilitating this trend,’ comments Ian Rutland, director of marketing and communication, Commidea. ‘We have always provided secure, easy-to-use technology for our customers across the retail and hospitality industry and this commitment continues in new payment types such as contactless. Our solutions help retailers to meet customer demand for convenience by accepting card payments for items ranging from smaller ‘impulse’ buys up to luxury and holiday purchases.’


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Indian shrimp exporters will now have to face a stringent inspection process in European Union markets. The EU has taken the decision following detection of prohibited substances in several seafood consignments for the last three years.
Under the new EU inspection regime, at least 50% of every shrimp consignment, instead of the earlier 10%, will be subjected to a detailed verification process.
Explaining the change, a source from a public service body under ministry of commerce states, “In RASFF (Rapid Alert System for Food and Feed) portal EU has recently added a new category where there are over 100 notifications for shrimps. Between January 2011 and March 2017, there were 57 notifications for shrimp on the EU’s (RASFF) web portal for the presence of prohibited substances such as nitrofuran and furazolidone, and presence of chemicals such as oxytetracycline above the maximum residue level (MRL).”
The source adds, “33 of these notifications are between January 2014 and March 2017. Some 28 notifications were categorised as ‘serious’ risk, which implies that the product would be a health risk, if introduced in the EU.”
A notification in the official journal of the EU, claims, “The results of analytical tests undertaken by official control laboratories demonstrate that the level of compliance of aquaculture products from India intended for human consumption as regards to presence of residues of chloramphenicol, tetracycline, oxytetracycline, chlortetracycline and metabolites of nitrofurans is unsatisfactory.”
While EU has its reasons to beef up its inspection process, some of the Indian exporters are looking at it as a pressure tactic to milch benefits. Nobert Karikkassery, president, Seafood Exporters Association of India, Kerala region, observes, “The traders feel that the measures adopted by the EU on Indian shrimp exports are merely pressure tactics to obtain some benefits from India for EU trade.”
Speaking on similar lines, though more about the monetary impact of the move, a company spokesperson from Seafood Express, Maharashtra, states, “Measure adopted by the EU will affect the Indian exports. Exporters have to maintain the quality as a top priority. Last season, many boxes carrying shrimp were returned from South Africa as the consignment were found to be contaminated. With such stringent measures adopted by EU will add on to the cost of export procedure.”
However, showing a traverse route to the exports, the spokesperson adds, “Even if this issue remains unsettled, there are always other options available. Exporters can opt for other countries for export, indirectly. For example, Indian shrimp can be initially exported to Vietnam, where it will be re-processed for exports to EU and other countries.”
Meanwhile, Chetan Trivedi, proprietor, Nova Sea Foods, Gujarat, fears that the move will cause dip in exports. He states,“The decision taken to ensure safer exports by EU will surely reduce the quantity of exports. Even though the labs and inspection procedure being up to mark, many exporters are still unaware of this move which took place in October 2016.”
However, in March 2014, the EU inspection service had asked India to adhere to its guidelines as India’s additional pre-harvest and pre-export testing programmes showed unsatisfactory results.
In October 2016, the EU in a move to ensure safer exports, adopted a decision that at least 50% of consignments presented for import to be tested. Making it more stringent to the seafood exports, the EU decided to draw samples from each consignment of aquaculture products from more than one established origin.
The measures provided in this decision were in accordance with the opinion of the Standing Committee on Plants, Animals, Food and Feed under the EU.
Experts suggest that a thorough investigation of the inspection process in India should be conducted. There is a need to address this issue with finding solutions. For example, EU may recognise selected exporters and these operators based on their past quality of exports can directly register with the EU and go through the EU inspection process for a year. Further, if the EU is satisfied then EU may be requested to relax the requirement for 50% checks through direct registration of exporters.
Frozen shrimp has always been one of the major items for export in terms of quantity and value, accounting for a share of 69.21% as a prime product demand by other countries.
Source : fnbn
Published on: April 26, 2017


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The US economy shrugged off the damaging impact of hurricanes as it posted better than expected growth in the third quarter.
Gross domestic product (GDP) grew at an annualised rate of 3% in the July-September period, the Commerce Department said, despite the storms wreaking an estimated $130bn (£99bn) of damage to property.
It was a slight slowdown from the 3.1% pace of growth seen in the second quarter but well ahead of the 2.5% figure forecast by economists.
The figures showed an increase in firms building up stockpiles of goods and raw materials, and a smaller trade deficit, offsetting a hurricane-related slowdown in consumer spending and a decline in construction.
Hurricanes Harvey and Irma struck parts of Texas and Florida in August and September though a third storm, Maria, that hit Puerto Rico and the Virgin Islands, had no impact on growth as the territories are not included in US national accounts.
Image: Texas also saw major disruption
The Government said it was impossible to estimate the overall impact of Harvey and Irma on GDP.
But it did estimate damage to private property of $121bn and to public assets of $10bn.
Earlier this month, US employment figures showed the first monthly fall in jobs for seven years, due to the impact of Harvey and Irma.
The dollar rose to a three-month high against a basket of currencies as the growth figures underlined expectations that the US Federal Reserve would hike interest rates for the third time this year in December.
James Smith, economist at ING Bank, said the US economy was “continuing to motor along at a fair pace”.
But he said there were still doubts about the path of interest rates as inflation remained weak and amid uncertainties over the next chair of the Fed and a possible confrontation on Capitol Hill over the national budget.
The figures came as oil giant ExxonMobil estimated that Harvey, which tore through the Gulf region, put a $160m dent in its earnings, though it was still able to report a 50% rise in third quarter profits to $4bn.


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Melt Bar & Grilled to debut at Short North’s Hub project
With the Hub reeling in Melt Bar & Grilled as its anchor restaurant, the Short North development might consider adding a tattoo shop.
The Cleveland-based tavern that specializes in gourmet grilled cheese sandwiches and craft beer has built a reputation among rabid fans, some of whom have tattooed the Melt logo on themselves in exchange for 25 percent discount for life.
Still, founder and owner Matt Fish isn’t taking anything for granted.
“I know we have people that know us, but 90 percent have probably never been to Melt,” he said. “This is like starting over. We need to reintroduce ourselves.”
Melt expects to open in November in the Hub, a five-story project under construction at 830 N. High St. in Columbus, where developers had hoped to build the failed Ibiza condominium tower. The Hub, a joint venture between Wagenbrenner Development Inc. and Elford Development Ltd., will include 17,100 square feet of street-level commercial space, 72 apartments and a 240-space parking garage.
Melt joins Snap Fitness and floral retailer Paper Daisy Flower Boutique as tenants.
“They bring a great following with them,” said Jeff Meacham, a partner in the project with Elford. “Anyone who’s been through Cleveland has probably heard of them.”
He said construction on the Hub remains on schedule for a fourth-quarter opening. Commercial space remains available, including one space targeted at another restaurant.
Melt, started in 2006, has grown to four taverns in the Cleveland area. It has notched appearances on TV programs such as Diners Drive-Ins and Dives, The Best Thing I Ever Ate and Man v. Food. It recently was named one of 50 breakout brands by Nation’s Restaurant News, a list that included Columbus-based Piada Italian Street Food and Jeni’s Splendid Ice Creams.
Dan Eaton covers retailing and restaurants for Columbus Business First.
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Outcome of Debenhams battle could be just Capital
THE battle for control of Debenhams could soon be over. The department store jumped 8p to 433 1/2p amid strong rumours that an agreed 445p-a-share, or £1.6bn, cash offer will be tabled today by private equity groups CVC Capital Partners and Texas Pacific.
Advised by retail tycoon John Lovering, the CVC and Texas consortium is believed to have secured the necessary backing of HBOS and, more importantly, the Debenhams board led by chief executive Belinda Earl. Lovering is the former Homebase chairman who was rebuffed as a bidder for supermarket group Somerfield.
If the offer turns out to be true, rival venture capitalist Permira would only have itself to blame. It has been sitting on the pot for too long. It made an indicative offer at 425p in May, but has yet to make a formal bid.
Its dithering opened the door to CVC and co. Should it still be interested in acquiring Debs, Permira would be required under Takeover Panel rules to fork out at least 10% more (or 490p a share) to win the day. That would cost it £1.77bn and is unlikely.
Other retailers basked in the glory of the largest monthly percentage rise in UK retail sales since November 2001. Economists' forecasts of a 0.3% increase were embarrassingly short, with the hottest June for 27 years helping sales soar 1.9%.
That restored hopes for a consumer-led economic revival in the second half of the year. Combined with bullish trading statements from Astra Zeneca (58p up at 2508p), Legal & General (4 1/2p dearer at 92 3/4p) and Shell ( 1/2p off at 403 1/2p), it helped the Footsie jump 63.1 points to 4149.6.
Wall Street kept up the momentum towards the close, rising 87 points as first-time US unemployment insurance claims fell to 386,000, much lower than expected and the lowest since mid February.
Sterling edged up to $1.6104, while the euro eased to 71p and $1.1440.
Helped by heavy buying on the perception that it is pulling further away from Sainsbury (5p up at 265p), supermarket giant Tesco jumped 10 1/4p to 226 3/4p on turnover of 45m.
Securicor banked a gain of 6 1/2p at 76 1/2p after its Canadian arm secured its biggest-ever cash logistics contract with Toronto-Dominion Bank. The three-year deal extends a contract to supply services such as cash in transit.
Buy-to-let mortgage expert Paragon, still drawing strength from its purchase of Britannic Money for £18.7m, advanced 13 1/2p to a record 332p.
Property company Marylebone Warwick Balfour improved 1 1/2p to 60p after closing five serviced office centres in the Netherlands and Germany, and putting four French centres into administration. That sounds like good news for Mark Dixon's Regus, 1 1/2p better at 35 3/4p. It should pick up plenty of new business.
Aim-listed Medical House hardened 1 1/2p to 46 1/2p after signing a distribution agreement with Roth Medical Components Australia for the distribution Down Under of its new needle-free delivery system for insulin.
TradingSports Exchange Systems, which supplies person-to-person betting exchange systems, raced 7p ahead to 127 1/2p. It has signed a fiveyear exclusive contract with Costa Rica International Sportsbook, one of the largest offshore bookmakers in the world.
An upbeat trading statement sparked Centurion Electronics 4 1/2p higher to 65p. Car door maker Wagon accelerated 16p to 151p after the agm heard that current trading is progressing well.
Patsystems, which provides financial software to the derivatives industry, gained 17/8p to 147/8p after a reduced interim pretax loss of £1.5m, down from £3.9m. Turnover was 35% up at £4.8m.
Dmatek jumped 9p to 51 1/2p after hearing that Elmo-Tech, its global law enforcement subsidiary, has been chosen as the supplier of electronic monitoring systems to two new regional programmes in Paris and French territories in South America, the West Indies and Africa.
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- 11 Jul 2013:Amazon, Sony and Nvidia are emerging as potential customers who will replace Apple as key buyers of Samsung Electronics' semiconductors, sources said Tuesday.
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- 20 Jun 2013:A lack of new licensing agreements triggered a 7% fall in adjusted pre-tax profits last financial year, and analysts have suggested that the company, whose designs are used to make graphics-processing chips used in mobile devices, could be volnerable to increased competition from US rivals Qualcomm and Nvidia.
- 19 Jun 2013:Nvidia on Tuesday said it would begin licensing its GPU cores and "visual computing" patent portfolio to device manufacturers - a new business model for the company. The technology could appear in a full range of products from phones to supercomputers, with products likely emerging in 2015.
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- 1 Mar 2013:SanDisk partners with Nvidia on Tegra 4-powered tablet reference design (February 25) - Company releaseSanDisk has announced that the iNAND Extreme Embedded Flash Drive (EFD) supports tablet reference designs based on the Nvidia Tegra 4.
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- 21 Nov 2012:Samsung will describe the first mobile applications processor to use ARM's big.little concept at the International Solid-State Circuits Conference in February.
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In a release today, the Academy of Interactive Arts & Sciences and the Entertainment Software Association announced this year’s winning pieces for the 2012 Into the Pixel collection. Among the selected entries was the above image, titled “Regent”, that appears in Dishonored.
Created by Sergey Kolesov and Arkane Studio’s art director, Sebastien Mitton, the piece will be displayed at E3 from June 7-9, 2011 in the Concourse Foyer. Following E3, it will be toured around the globe at other gaming events.
Congrats to Sergey, Sebastien, and the rest of the team at Arkane for this prestigious honor.
In a press release this morning, we announced that Dishonored, the supernatural assassin action game under development at Arkane Studios, will be available for PlayStation 3, Xbox 360, and Games for Windows in North America on October 9th, 2012 and throughout Europe on October 12th, 2012.
In the Flickr slideshow below, check out high resolution packaging for Xbox 360, PlayStation 3, and PC.
The team at Arkane joins us to explain the unpredictable magic of Dishonored’s dark sandbox playground. Listen as the developers describe the deep systems that lead to Dishonored’s crazy moments, and learn how a single bottle can stand between you and destruction.
Grab this episode via any of the following methods:
In the past few weeks, members of Arkane have traveled to New York, LA, and across Europe to show off new areas in Dishonored. The above image comes from their stop in London, where (from left) Viktor Antonov, Sebastien Mitton, Harvey Smith, Raphael Colantonio, and Dinga Bakaba) enjoyed relaxing in a room you might recognize from the 2011 Best Picture Winner, The King’s Speech.
While the Arkane crew works away in Lyon, France and Austin, TX, coverage from their tour has started appearing today.
#7 In this game, there are lots of ways to do the same thing. Take the Bathhouse building I saw during the demo. It’s where the action was going to be. And while we could possess a fish to go inside, there were supposedly seven other ways to get in there, too.
On Machinima, watch a 7-minute interview with the game’s co-creative directors, Raphael Colantonio and Harvey Smith. That and more after the break.


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May 14, 2018
You are a User Experience designer and you don't know what the 5 W's are? Well, it's time to know.
Nov 27, 2017
In this booming yet brutal world of apps, building one is just like scraping the surface. Marketing it in the right way is where the actual gateway to an app's success lie.
Jul 17, 2017
When the news broke out that Philips has come out with a new surgery navigation technology powered by Augmented Reality, the healthcare industry took notice.
Jun 26, 2017
Be it startups, entrepreneurs, or an individual. Big ideas are what propelled businesses to new heights.


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Vodafone has announced a strategic partnership with Azerbaijani mobile network Azerfon to collaborate jointly on future technological developments.
Under the Partner Market agreement, Azerfon has exclusive access to a range of products and services from Vodafone in Azerbaijan as well as access to Vodafone supply chain management.
Azerfon, currently constructing a 3G network in Azerbaijan, will leverage the partnership to roll out a high-speed mobile data network and mobile broadband products. The two companies will cooperate to provide additional support to Vodafone Global Enterprise customers, who have a presence in the region.
Vodafone’s products will be co-branded in Azerbaijan. As part of a phased rollout Vodafone will provide Azerfon customers with improved voice and data roaming access across 67 countries where Vodafone is present.
Vodafone Partner Markets chief executive Richard Daly said: “Our agreement with Azerfon is an opportunity for Vodafone to build its presence and work with the fastest growing operator in the country, where mobile penetration is around 75 per cent and growing rapidly.
“In addition, more of our customers require enhanced roaming services and high-speed mobile broadband products within the region due to the high growth dynamics across all sectors in the country.”


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Global smartphone company realme on Tuesday announced the first consumer tech brand under its TechLife ecosystem — DIZO — that has made its debut as a global brand from India.
Pronounced as ‘dee-zoe’, the brand will focus on entering into four major product categories — smart entertainment, smart home, smart care and accessories.
DIZO will receive all support from realme on three key aspects — industrial design, supply chain, and AIoT (Artificial Internet of Things) experience that works perfectly with the realme Link App, the company said in a statement.
“The newest brand will enable users to experience a smart, efficient, and interconnected life. Being the first brand in the realme TechLife ecosystem, I am very excited to tell you that DIZO already has great products in the pipeline to offer,” said Madhav Sheth, Vice President, realme, and CEO, realme India and Europe.
Realme said that the focus of DIZO will be to create a portfolio of AIoT solutions for daily lifestyles. DIZO products will soon come to India and other countries in Asia, Europe, North America, South America, and Africa.
“Even before its first product launch in India, DIZO has already established a presence of over 320 service centres in more than 310 cities across India,” said realme.
The TechLife ecosystem of the company is looking for innovative partners globally to provide products with a new technology experience for users through independent R&D, joint custom development, and product selection.
“We leave options to onboard brands to choose their original equipment manufacturer (OEM) partners freely,” according to Sheth.
In case any brands need the support of a local OEM, realme will provide all the support in figuring out local OEM partners for them, who could help them manufacture their products and give the best quality assurance.
The company aims to launch over 100 new AIoT and lifestyle products in 2021 — from TWS, affordable smart TVs, smart plugs, trimmers, smart bulbs and more.


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We’re sorry, we haven’t sent you any payment (what were you even expecting?👀)
But we are here to talk about payments. THE LOUD ONES!
These days whenever you go to a shop and make a payment after a purchase, remember how the UPI lady announces on a soundbox “Received PayTM payment of rupees whatever”?
That little box with a speaker attached to it that all of us were bamboozled with at the beginning but pay no more attention to, that’s the soundbox we’re talking about!
As multiple companies right now are trying to create their own payment soundbox devices, the brokerage firm Goldman Sachs thinks that PayTM is still dominant in this industry and continues to be the leader.
Being one of the first companies that launched the soundbox, the offline payment sector across India holds Paytm in high regard.
LITERALLY, EVERY SIX SECONDS, A SOUNDBOX IS SOLD IN INDIA. That’s a lot of sounds!
This soundbox has not only made payments easier to track (and of course hear) for retailers and shopkeepers but it also seems like a very sustainable model for companies like PayTM which has more than 5.8 million subscribers for payment devices like Soundbox and PoS.
The company also accounts for 38% of its revenue from these soundboxes, which is a good transition for the company to generate a separate source of revenue.
“With our subscription as a service model, the strong adoption of devices drives higher payment volumes and subscription revenues, while increasing the funnel for our merchant loan distribution,” Paytm said in its Q3FY23 business operating metrics.


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Goods seized by Falkirk Council's Trading Standards team have been given new life thanks to innovative recycling and reuse.
Counterfeit clothes made their way to a national charity, who rebadge and distribute the garments to disadvantaged young people.
And rubber from fake trainers will be repurposed and made into children's playground equipment.
Unsafe and counterfeit clothing, electrical items, jewellery, cosmetics, toys, vapes and tobacco are just some of the goods that have been seized and collected by Falkirk’s Trading Standards Team recently which are now heading for recycling or safe disposal.
The team has worked with other local authorities across Scotland to pull together the haul that if they were genuine products, would have a value of more than £1m.
Counterfeit goods and unsafe products have been captured through national operations sharing intelligence across Trading Standards teams; from monitoring local online selling groups as well as being seized at locations such as Grangemouth Docks.
Off the streets
Kirstie Crosson, Trading Standards Co-ordinator explained: “These goods do not comply with legislation for several reasons, and in some cases, pose a real danger to children.
"Getting them off the streets is our first concern as well as their environmentally safe disposal. We used to simply destroy them and take them to disposal sites however, increasing costs and concerns for the environment made us look elsewhere at what we could do.”
Richard Thomson, Senior Trading Standards Officer continued: “We have recently worked with other local authorities in Scotland who had seized similar products.
"Previously these would have headed straight to a secure landfill that costs us and other local authorities a lot of money but instead, we worked with a national charity that can remove many of the trademarks and then redistribute them across the country for use by children and young people.
“So, items such as sports tops and joggers can finish up being reused; tobacco reused as garden mulch and rubber from trainer soles for materials used in children’s playgrounds.
“As a result, many get a real benefit from the reuse and recycling of the products that have been made safe and can no longer make criminals illegal earnings or pose a danger to the public.”
The range of brands is extensive with well-known global brands featured in the seized fake materials including Adidas; Omega; Rolex; Timberland; Lacoste; Converse and many others being repurposed for use.
Kirstie added: “Some of the fakes look almost identical to the real branded items and only a trained eye would be able to spot the difference between the real and the fake, however, you would soon know when your trainer disintegrated after a few weeks’ use as the materials are such low quality.”
It is not only the poor quality of fakes that can dupe consumers as some products seized pose a real danger to the public. Richard said: “Authentic cigarettes have a Reduced Ignition Propensity safeguard and will self-extinguish if left unattended, so are likely to start a fire, while some of the cigarettes we have seized, will simply keep on burning if say, you fell asleep.”
Councillor Stacey Devine, Spokesperson for Public Protection explained: “Some of these scams are simply fronts for money laundering and serious crime both in Scotland and further afield.
"This recent haul of material is now safely off the streets and will benefit others as they are reused and recycled.”
The Trading Standards team continues its work with ongoing intelligence gathered throughout the year to take more dangerous and fake goods out of circulation.


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Young people in the UK and Ireland between the ages of 18-35 can now apply for £10 return flights to Australia, as part of a new workers campaign.
Hoping to plugs gaps in its job market and boost tourism, the South Australian Tourism Commission has commissioned the scheme.
Akin to the a mass migration scheme launched in 1945, known as 'ten pound poms', there will be just 200 of these cheap return flights available.
Starting next month, young brits will be able to purchase flights out of Heathrow, Manchester, Edinburgh or Dublin to Adelaide from Qatar Airways.
With jobs available in hospitality, outback stations and on farms, those who are interested must have a working holiday visa and be able to travel Down Under before September 30.
South Australian Minister for Tourism Zoe Bettison said: “South Australia is welcoming the return of working holiday makers – it’s a real win-win for young people eager to travel and work abroad, and for our local tourism industry.
“Our tourism operators have missed having international visitors on their tours and experiences and booking up accommodation, and they’ve also missed the backpacker workforce and the vibrancy they bring.
“These backpackers foster a love for our state and our country which often inspires them to return later in life.
“Whether it’s in our bars, restaurants, wineries and hotels, or on our outback stations and farms, there are so many ways that British and Irish citizens can work in Adelaide and in regional South Australia, helping to not only fill roles but provide an economic and cultural exchange benefit which advantages both sides of the globe.
“We look forward to welcoming back young people from the UK and Ireland, and encourage them to make the most of these £10 fares.”
How can you apply?
Those wanting to take part in the work scheme need to register with Trailfinders before the tickets release date and have a valid Australian Working Holiday Visa or have a visa application currently being processed.
Anyone successful in securing a ticket will then have to purchase an Adelaide Arrival Pack with the flight.
Starting at £171, the arrival pack includes either a three or six night hostel stay, a work and travel information pack, a 12 month month membership to "The Backpacker List" to assist with job searches and a three-month access to an in country work and travel support line.
Alongside the arrival packages, there are also a number of holiday packages available that include a visit to Kangaroo Island or trekking through the south Australian outback from £1,099.


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Visceral Games has begun hiring developers to help work on a next generation Star Wars title for the PlayStation 4 and Xbox One. The company that created the Dead Space franchise is currently looking for an “experienced Senior Game Designer” that can ” lead the design and guide a pre-vis team.” The project is in the earliest stages of design and the team is currently working on concept art. The Senior Designer position was posted on May 21, 2013 on sologig.com, a job board site that host positions for IT and Engineering Professionals. The position at Visceral Games will be full time and located at EA’s Redwood City, California studio. The position is asking for an experienced individual who is open minded, creative and can work in a team environment. They must also have shipped 2+ AAA games in the past and have a passion for Star Wars.
Earlier this month, EA signed an exclusive deal with Disney to release Star Wars titles. EA said that in house developers like Bioware, Visceral Games and DICE will begin working on brand new titles for the Star Wars franchise but those games won’t ship until 2014. After the acquisition, EA CFO Blake Jorgensen hinted that EA would be inclined to revive old Star Wars franchises like Star Wars: Battlefront. Free Radical Design developed the Star Wars: Battlefront games from 2006 to 2008. Star Wars: Battlefront 3 was never released but Free Radical Design leaked footage of the game. With EA owning the exclusive rights to make Star Wars games, it is everyone’s hopes that DICE will take the helm and revive this particular franchise. It seems pretty likely that this will happen, but it’s best to wait and see what EA says on the subject. If EA decides to do this, a revived Star Wars: Battlefront 3 would be a better fit over the failed attempts to revive the Medal of Honor franchise. Now all we need to know is what game Bioware will be working on. We can only hope it’s Star Wars: 1313.
Stay Tuned to Gamer Horizon as we will bring you all the latest news and information on Star Wars and any announcements EA has at E3.


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Sidebar: Aquaculture Advancement
At the same time retailers are involved in educating people about sustainability’s benefits, they are also ramping up efforts to expand their programs. These programs are changing what seafood consumers eat. Certification by a third party has boosted production and consumption of particular species, said Steven Hedlund, communications manager, Global Aquaculture Alliance. “Tilapia is a perfect example. Ten years ago it wasn’t among the top 10 fish consumed. Now, it is ...
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Since the turn of the year, it’s been hard to miss some of negative press coverage around diesel cars. The general sentiment being diesels are a bad choice and that most buyers should be looking to turn in their current vehicle for a petrol, electric or hybrid model before Government legislation hikes up ownership and running costs to eye watering levels.
However, despite all this doom and gloom, it’s still important to recognise that vehicle manufactures haven’t taken this lying down and have responded by investing heavily in cleaner more efficient diesel engine technology to meet these new regulations.
"The latest diesel technology is really such a step in emissions, performance, particulates; it's better for the environment when compared to petrol. Diesel has to - needs to - have a future."
Ralf Speth – Chief Executive Officer of Jaguar Land Rover
Consequently, consumers need to know and feel reassured that a new diesel vehicle still has a place in a modern motoring society and as such should certainly feature as part of the buying decision.
Likewise, it should also be noted that in the current climate there are still some fundamental features and inexorable benefits to owning and running a diesel car…
Studies show that diesel cars typically provide 15-20% more miles per gallon than their petrol equivalents. And with this fuel efficiency comes some generous savings. And there really is no competition from electric vehicles either which can offer below as little as 20% the total range of a similar diesel model.
We compare the Miles Per Gallon and Range of a diesel, petrol and electric vehicle…
When it comes to saving on running costs, there still has never been a better time to make your next car a diesel. The fact of the matter is this…
…diesel cars have superior fuel economy compared with their petrol counterparts.
Diesel cars can save drivers an average of well over 2p for every mile travelled (based on the current fuel prices (at May 2017) of 118.7p/litre for unleaded and 120.5 p/litre for diesel).
Most manufacturers are now fitting modern diesel vehicles with AdBlue Technology and DPF (Diesel Particulate Filter) as standard which reduce emissions and can improve environmental credentials and potential Road Tax savings. All models in the Land Rover and Jaguar Range, for example, now come with AdBlue as standard.
There’s further good news, particularly as far as the environment is concerned…
Cleaner, ultra-low sulphur diesel (ULSD) fuels now contain less sulphur - which has now become standard for on-highway nationwide.Using this ultra-low sulfur diesel (ULSD) immediately cuts soot emissions from diesel vehicles and equipment by 10 percent helping improve Road Tax savings.
Here at Waterhouse Cars we have a huge range of diesel models to choose from across all our brands. To find out more and to speak to an expert member of our team, simply submit an enquiry below and we’ll give you a call back to discuss your unique requirements.


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Don’t fill up at the tailgate! There are some new foods inside Lambeau Field you’ll want to try this Packers season.
Being the Packers, many of the new items contain some sort of cheese or sausage, usually both.
The list includes the “Brat-in-a-Blanket,” a brat wrapped in melted cheese curds and topped with beer mustard in a pretzel bun. That’s about as Wisconsin as it gets.
Here’s the rest of the list of what’s on the menu at Lambeau this season:


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Costa Rican Exports Going Bananas
The National Banana Corporation (Corbana) announced Monday that it expects to export around 103 million 18-kilogram boxes of bananas in 2010, a more than 18 percent improvement over 2009, when only 87 million boxes were exported.
According to Corbana, the effects of the weather system La Niña have not been as damaging to production as feared. The expected shipment of 103 million boxes is the same number of bananas as were sent abroad in 2008.
According to the Foreign Trade Promotion Office (Procomer), sales from the export of bananas in 2009 slipped to $624 million, down from $680 million in 2008 and $660 million in 2007.
Costa Rican bananas were shipped to 38 different countries in 2009, with 43 percent of them going to the United States.
There are almost 43,000 hectares of banana plantations in Costa Rica, located mostly in Limón province, on the Caribbean side of the country. The industry employs over 34,000 people.
The high point for banana exports was 1999, when 116 million boxes of bananas were shipped out. In 2007, 114 million were exported. The country remains one of the world’s leading banana exporters.
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In Accra, the ‘Thank You’ visit was led by a team of Zonal office staff and GOIL Brand Ambassador, Barima Azumah Nelson who visited lorry parks and trotro stations to interact with drivers and promote the sale of GOIL fuel.
The occasion was also used to distribute gift items to the drivers and their mates. Some of the items included GOIL-embossed dusters, T-shirts and other paraphernalia.GOIL brand Ambassador, Barimah Azumah Nelson, thanked the drivers for the support that has propelled GOIL to become the number one Oil Marketing Company in Ghana.
He entreated them to continuously support the company in order that the gains can be ploughed back into the country.
The South Zonal Manager, Michael Lagble stressed on the affordability of GOIL fuel noting that apart from its quality, buying fuel from GOIL affords the consumer to save money at the pump.
He entreated the drivers to use their purchasing power to support GOIL to become a strong indigenous Oil Marketing Company.
The Promotional ‘Thank You’ tour in Accra will visit at least 11 lorry stations. There are similar promotions in Tamale, SekondiTakoradi, and Kumasi.At Tema, the team led by Zonal Manager, Joseph Adongo interacted with commercial drivers at the Community one Lorry station, Nungua and Ashaiman lorry Parks.


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Microsoft "guru" Paul Thurott says the Zune HD launches on September 5. Mind you, this info comes fresh from the Zune forums, so we'll slap a rumor on it for now with the caveat that it matches our earlier post about a September launch window. [Zune Forums - Thanks Joel]
Kinja is in read-only mode. We are working to restore service.


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Thailand is introducing a new bill aimed at ban of the cannabis industry after a previous attempt failed to gain parliamentary support. The proposed legislation seeks to ban the recreational use of cannabis, limiting its use solely for medical and health purposes. This move follows Thailand’s pioneering step in decriminalizing cannabis in 2022, making it the first Asian country to do so.
Under the draft bill published by the Health Ministry, individuals caught smoking cannabis recreationally could face fines of up to 60,000 baht ($1,720). Those involved in selling cannabis or its extracts for recreational purposes may be subjected to one year in jail, fines of up to 100,000 baht, or both.
The proposed rules also prohibit advertising or marketing campaigns for cannabis products and devices used for smoking. Driving under the influence of cannabis could result in fines of up to 20,000 baht or a one-year jail term.
Thailand’s cannabis industry has been operating in a legal gray area since decriminalization, leading to the proliferation of numerous dispensaries across the country. The government aims to address this regulatory vacuum by tightening licensing rules for cannabis cultivation, sales, exports, and imports.
Growers will need to apply for a license within 60 days under the new rules, while existing dispensaries can continue operating before renewing their permits.
Prime Minister Srettha Thavisin, fulfilling an election pledge, is concerned about potential addiction issues and aims to restrict cannabis use to medical purposes. The bill aims to end the uncertainties surrounding cannabis regulation and establish a framework for the industry.
However, the government has not proposed reclassifying cannabis as a narcotic, which would involve more severe penalties.
The public and industry stakeholders have until January 23 to provide feedback on the bill. The Health Ministry may make adjustments before submitting it to the cabinet for approval and subsequent consideration by parliament.
The proposed legislation reflects Thailand efforts to bring clarity to the legal status of cannabis ban while addressing public health and safety concerns.


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Apple exec Tim Cook seems to confirm 'iPhone nano'
Apple seems to be set to release a cheaper iPhone after the company's executives made some uncharacteristically frank comments during an analyst meeting with Bernstein Research analyst Toni Sacconaghi. Chief operating officer Tim Cook appears to have all but confirmed a cheaper iPhone is in the works.
Cook told Sacconaghi that the Cupertino company wants its iPhone to not be just a device "for the rich," and said the company is planning "clever" things for the prepaid market. He acknowledged that China, a major mobile market which the company is now focusing heavily on, is a country which has a large prepay base.
There was no market that Apple was willing to cede to its competitors, Cook said. Such an attitude from the company's top brass seems somewhat shocking, considering the company for so long prided itself on its exclusivity and highly targeted products.
It could be that Apple is now fully acknowledging the threat that is Google and Android, and it has made a conscious decision to take its competitors on at all levels -- thus protecting the dominant position in mobile devices that it has built over the past few years.
Cook's comments may give some credence to rumors that the company could be working on some type of carrier-agnostic device, where users select the carrier from within iTunes.
Enthusiast site AppleInsider reported on such a system earlier this month. The service acquisition process would be handled completely through iTunes, patent documents reviewed by the site revealed. Such an offering would also require some type of universal SIM, which means the carrier would need to cede a lot of power.
For chief financial officer Peter Oppenheimer (also present at the meeting), carrier expansion seems a priority. While 175 carriers worldwide currently offer their customers iPhones, 550 currently have deals with RIM for the BlackBerry. Obviously, the market reach -- and the potential to sell a phone -- is greater for RIM.
This may be another signal that deals like the one Apple just announced with Verizon last month may be just the tip of the iceberg.


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JLR to use BlackBerry’s infotainment and security software in its vehicles
In a move which marks a noteworthy partnership between an automaker and a technology company, luxury carmaker Jaguar Land Rover (JLR) -- owned by Indian conglomerate Tata Motors -- will be using Canada-based BlackBerry’s automotive technology in its vehicles.
According to a last-week, announcement, BlackBerry and Tata Motors have signed a licensing deal, under which BlackBerry’s infotainment and security software will be used in the vehicles manufactured by JLR.
Although the terms of the deal have not been officially disclosed, the automotive technology to be licensed by BlackBerry to JLR will essentially include its QNX software platform and Certicom security technology.
The QNX software platform which is an important of the BlackBerry-JRL licensing deal is essentially a software solution for vehicle systems, advanced driver assist systems as well as telematics, which are compatible with the architectures of the next-generation models of connected and autonomous vehicles.
The Certicom security technology which Blackberry will be licensing to JLR is already being used in millions of cars on the road.
Overall, the deal between JLR and BlackBerry is indicative of the need for vehicle-to-vehicle, vehicle-to-infrastructure and vehicle-to-cloud communications in connected cars of the future, as well as the need for highly advanced security technologies to prevent the potential hacking of the communications data.
New plans related to production of Model 3 have surprised parts makers. The automotive company has planned to launch its Model 3 by 2018, which is two years prior to what earlier was decided.
According to a recent announcement by Volkswagen, the automaker’s Foshan Plant ‘mega-factory’ in China is being expanded in order to increase its capacity to produce electric vehicles (EVs).
German automaker Volkswagen has revealed in a recent announcement that it is investing $100 million in solid-state battery startup QuantumScape, a startup that recently spun out of Stanford.
According to the indications from a recently-leaked image, car manufacturer Vauxhall has confirmed the release date and design of a new electrified version of its popular Corsa hatchback.
Electric car manufacturer Tesla Motors has recently made a number of changes to the Model 3 design studio.
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.


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CALIFORNIA, USA – Coinbase labels Bitcoin as virtual gold with the halving event of the said cryptocurrency in May. Furthermore, there’s a tweet-storm to endorse an associated post on February 7.
As the halving occasion of Bitcoin (BTC), a famous cryptocurrency, draws closer, which is in May, Coinbase previously took to driving this digital currency with a narrative of “digital gold.” There was a tweet-storm, which indorsed an additional blog-post on February 7. As per the post, it hid the significant reasons why the following supply rate decrease, along with the halving, will strengthen that link further.
The value of the dollar has weakened since the standard of gold was wrecked in the year 1971. The cost of gold rose beyond 4000%, which is in dollar standings. Gold has more worth than the same metals, like copper, because of its comparative shortage, and struggle to obtain.
Like gold, Bitcoin has been intended to be limited. It’s also falsely tough to obtain via the Proof-of-Work-mining process. On the other hand, it has a benefit above gold since it’s exchangeable via a communications network.
As per Coinbase, Bitcoin is a store of significance to compete with gold in the virtual stage. The cryptocurrency is equipped with many high-tech advantages, maturing international market, and hastening growth.
The Bitcoin’s supply is inadequate by design, and it has new coins being issued as a prize every phase a transaction block is mined. The first incentive level, which is 50 BTC each block, undergone two halving procedures. Hence, it brought it down to the present price per block, which is 12.5 BTC.
After the halving on May 2020, mining incentives for every new block that’s mined every ten minutes will decrease to 6.25 BTC. It will carry Bitcoin’s resource issuance to a proportion of around 1.7% per year.
S2F or Stock-to-flow is a measurement for the new supply percentage over the entire supply. Moreover, the post-having of the S2F scarcity of Bitcoin will be balanced with the value of gold.
According to Coinbase, the stock to the flow of gold is more significant than other metal possessions, and Bitcoin is prepared to trail shortly.
The predictions of S2F for the value will flop if there’s no request. It holds real for fiat currency, like other commodities. Economies can flourish if central banks upsurge the supply of currency. On the other hand, if the amount of money overcomes requests, then hyperinflation measures can transpire.
Such events are hitting ATH or all-time high, wherein it includes the previous economic fear and the request for safe havens like Bitcoin and gold.
According to Cointelegraph, Coinbase’s senior employees, along with will Ripple, previously shaped a functioning group to instruct the US or the United States controllers on rules to inspire innovation in the segment.


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For the seventh time, the International Federation of Exhibition and Event Services (IFES) organizes a MasterClass workshop, this year under the motto "Getting back in the driver's seat!" It wil take place from 23 – 23 April.
The aim of the two-day seminar is to prepare companies active in the stand architecture, design, and construction industry for creating a customer journey in on-site, online and hybrid surroundings. In small groups, the participants of the program will generate skills to enhance the added value for their customers. After joining MasterClass 2021, the participants will also better understand how customers take a decision to buy.
For this purpose, IFES has invited renowned speakers from the industry: Hanno Heintze, Director of Fairs & Marketing at SIXT, Robert Sarga, Director Servicecenter Media and Communications of BASF, Rinco van Rijn, Head of Global Events & Sponsorships of Signify, and Jörg Zeissig, CEO of Holtmann. The speakers share how their companies have adapted to the sudden change from live events to online and hybrid events, how their company goals have shifted, what they now expect from the exhibition and event industry, and more. Han Leenhouts from Sales & Pepper moderates the workshop in his enthusiastic and energizing manner.
This year's MasterClass will take place in a hybrid setup: Online participants worldwide can choose between two different time slots according to their respective time zone. With a hygiene concept, up to 40 participants take part in the program on site in the hybr.id_space Hannover, Germany. Therefore, this MasterClass will be one of the first physical live events in Germany in 2021.
You can find more information at the official website.
Supported by the Union of International Associations (UIA), the International Association of Professional Congress Organisers (IAPCO) and the Interel Group, the global public affairs and association management consultancy, Headquarters Magazines serve the needs of international associations organising worldwide congresses.


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- Volvo uses Varjo XR-1 to test new vehicle concepts on the road
Since the start of 2019, Varjo has dominated the virtual reality headset market in terms of performance with its VR-1 headset priced at $ 6000. As part of the Augmented World Expo in Santa Clara, the firm has now announced his mixed reality headset: the XR-1 Developer Edition.
This new device offers augmented reality features, with the ambition of making the virtual indistinguishable from the real. Thus, users will be able, for example, to design objects or virtual environments while remaining able to visualize the real world.
According to Varjo, the XR-1 is the only AR headset in the world capable of delivering photorealistic image quality. To achieve this, this device combines the high-definition screen of the VR-1 with two 12-megapixel front cameras. The latter take care of digitizing the real world and then projecting computer-generated graphics into it with stunning fidelity.
- shadows are realistic, as is the brightness which changes according to the actual lighting. Blacks are deep, solid objects appear opaque, and transparent objects reflect the light of the real world behind them.
In addition, a Integrated eye-tracking feature prevents distinguishing AR elements real objects perceived by the user through the lenses of the glasses. This is a major advantage over the Microsoft HoloLens, which simply projects transparent objects into the user's field of vision.
Volvo uses Varjo XR-1 to test new vehicle concepts on the road
Seduced by this helmet, the Volvo car manufacturer has partnered with Varjo. The firm intends to use this technology to improve the design of its vehicles.
Indeed, thanks to this equipment, engineers can now test virtual car designs directly on the road in the real world. So Volvo Cars has in fact been using prototypes of XR-1s since the summer of 2018, and its engineers have driven cars in the real world while wearing the helmet.
This allows them for example add virtual elements during the "test drive" in order to test changes such as new items added to the dashboard or modifications to the windshield. It is even possible to add virtual cars or road accidents for more realism.
According to Volvo, the XR-1 made it possible to speed up testing and increase the safety of new vehicles. It is indeed possible to assess the design of automobiles and the technologies they embed from the start of the design process.
For now, it is unknown at what date and at what price the XR-1 will be offered. However, its price is likely to be just as high as that of the VR-1 and make it a product reserved for professionals. For more information, visit the official Varjo website at this address.


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Over the past couple of years, there seems to be an increase in delivery trucks. Rural roads with very little traffic are becoming used to seeing UPS, FedEx, and semi-trucks making regular trips as they deliver consumer goods.
More trucks on already over-crowded highways mean a greater risk for catastrophic accidents.
The surge shows no signs of slowing
Truck mileage from semi-trailers and delivery trucks reached 300 billion miles between September 2020 to September 2021. It’s expected to increase by 4.5 percent in 2022 and an additional 2.9 percent in 2023. While there is currently a shortage of truck drivers, there are plans in place to make the profession more enticing to younger drivers, including apprenticeships and easier pathways to acquiring a commercial driver’s license (CDL).
In 2019, police reported 510,000 crashes involving large trucks. 4,479 resulted in fatalities, and 114,000 resulted in injuries. Remember your defensive driving techniques when sharing the road with semis and delivery trucks. Here are some tips:
- Be aware of blind spots. If you can’t see the truck driver in their mirror, the truck driver can’t see you.
- Trucks need more room than cars to stop, so be sure to give them plenty of space.
- Don’t cut in front of trucks. Cutting in front of a tractor-trailer can force the driver to brake suddenly, increasing the risk of an accident.
While you may take all the necessary precautions to avoid a collision, accidents can and do happen. If you or someone you love has been injured in a truck accident, it is important to be aware of your legal rights and options. Seek legal assistance to help you get compensation.